Document:

EX-10.14

 Exhibit 10.14 

 
  

 
 SECOND LIEN CREDIT AGREEMENT

 dated as of 
 August 20, 2013, 
 among 

TRINET HR CORPORATION, 
 as Borrower, 
 TRINET GROUP, INC., 

the LENDERS from time to time party hereto 
 and 
 WILMINGTON TRUST, NATIONAL ASSOCIATION, 

as Administrative Agent 
  

 
 MORGAN STANLEY
SENIOR FUNDING, INC., 
 BANK OF AMERICA, N.A., and 
 DEUTSCHE BANK SECURITIES INC., 
 as Co-Syndication Agents, 

KEYBANK NATIONAL ASSOCIATION, 
 as Documentation Agent 
  

 
 J.P. MORGAN
SECURITIES LLC, 
 MORGAN STANLEY SENIOR FUNDING, INC., 
 BANK OF AMERICA, N.A., and 
 DEUTSCHE BANK SECURITIES INC., 

as Joint Lead Arrangers and Bookrunners 
  

 
  

 TABLE OF CONTENTS 

 

					
	  	  	Page	 
	ARTICLE I	  			
		
	 Definitions
	  	 	1	  
		
	 SECTION 1.01.     Defined Terms
	  	 	1	  
	 SECTION 1.02.     Classification of Loans and Borrowings
	  	 	50	  
	 SECTION 1.03.     Terms Generally
	  	 	50	  
	 SECTION 1.04.     Accounting Terms; GAAP; Pro Forma Calculations
	  	 	51	  
		
	ARTICLE II	  			
		
	 The Credits
	  	 	52	  
		
	 SECTION 2.01.     Commitments
	  	 	52	  
	 SECTION 2.02.     Loans and Borrowings
	  	 	52	  
	 SECTION 2.03.     Requests for Borrowings
	  	 	53	  
	 SECTION 2.04.     [Reserved]
	  	 	54	  
	 SECTION 2.05.     [Reserved]
	  	 	54	  
	 SECTION 2.06.     Funding of Borrowings
	  	 	54	  
	 SECTION 2.07.     Interest Elections
	  	 	54	  
	 SECTION 2.08.     Termination and Reduction of Commitments
	  	 	56	  
	 SECTION 2.09.     Repayment of Loans; Evidence of Debt
	  	 	56	  
	 SECTION 2.10.     [Reserved]
	  	 	57	  
	 SECTION 2.11.     Prepayment of Loans
	  	 	57	  
	 SECTION 2.12.     Fees
	  	 	60	  
	 SECTION 2.13.     Interest
	  	 	60	  
	 SECTION 2.14.     Alternate Rate of Interest
	  	 	61	  
	 SECTION 2.15.     Increased Costs
	  	 	62	  
	 SECTION 2.16.     Break Funding Payments
	  	 	63	  
	 SECTION 2.17.     Taxes
	  	 	63	  
	 SECTION 2.18.     Payments Generally; Pro Rata Treatment; Sharing of Setoffs
	  	 	68	  
	 SECTION 2.19.     Mitigation Obligations; Replacement of Lenders
	  	 	70	  
	 SECTION 2.20.     [Reserved]
	  	 	71	  
	 SECTION 2.21.     Incremental Facilities
	  	 	71	  
	 SECTION 2.22.     Refinancing Facilities
	  	 	73	  
	 SECTION 2.23.     Loan Modification Offers
	  	 	74	  
	 SECTION 2.24.     Loan Repurchases
	  	 	76	  
		
	ARTICLE III	  			
		
	 Representations and Warranties
	  	 	78	  
		
	 SECTION 3.01.     Organization; Powers
	  	 	78	  

  
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	 SECTION 3.02.     Authorization; Due Execution and Delivery; Enforceability
	  	 	79	  
	 SECTION 3.03.     Governmental Approvals; No Conflicts
	  	 	79	  
	 SECTION 3.04.     Financial Condition; No Material Adverse Change
	  	 	79	  
	 SECTION 3.05.     Properties
	  	 	80	  
	 SECTION 3.06.     Litigation and Environmental Matters
	  	 	81	  
	 SECTION 3.07.     Compliance with Laws and Agreements; No Default
	  	 	81	  
	 SECTION 3.08.     Investment Company Status; Other Regulations
	  	 	81	  
	 SECTION 3.09.     Federal Reserve Regulations
	  	 	81	  
	 SECTION 3.10.     Taxes
	  	 	82	  
	 SECTION 3.11.     ERISA
	  	 	82	  
	 SECTION 3.12.     Labor Matters
	  	 	83	  
	 SECTION 3.13.     Disclosure
	  	 	83	  
	 SECTION 3.14.     Subsidiaries
	  	 	83	  
	 SECTION 3.15.     Insurance
	  	 	84	  
	 SECTION 3.16.     Solvency
	  	 	84	  
	 SECTION 3.17.     Collateral Matters
	  	 	84	  
	 SECTION 3.18.     Anti-Terrorism Laws; Anti-Corruption Laws
	  	 	85	  
	 SECTION 3.19.     Classification as Senior Indebtedness
	  	 	86	  
		
	ARTICLE IV	  			
		
	 Conditions
	  	 	86	  
		
	 SECTION 4.01.     Effective Date
	  	 	86	  
		
	ARTICLE V	  			
		
	 Affirmative Covenants
	  	 	89	  
		
	 SECTION 5.01.     Financial Statements and Other Information
	  	 	89	  
	 SECTION 5.02.     Notices of Material Events
	  	 	91	  
	 SECTION 5.03.     Information Regarding Collateral
	  	 	92	  
	 SECTION 5.04.     Existence; Conduct of Business
	  	 	93	  
	 SECTION 5.05.     Payment of Obligations
	  	 	93	  
	 SECTION 5.06.     Maintenance of Properties
	  	 	93	  
	 SECTION 5.07.     Insurance
	  	 	93	  
	 SECTION 5.08.     Casualty and Condemnation
	  	 	94	  
	 SECTION 5.09.     Books and Records; Inspection and Audit Rights; Lender Calls
	  	 	94	  
	 SECTION 5.10.     Compliance with Laws
	  	 	94	  
	 SECTION 5.11.     Use of Proceeds
	  	 	95	  
	 SECTION 5.12.     Additional Subsidiaries
	  	 	95	  
	 SECTION 5.13.     Senior Indebtedness
	  	 	95	  
	 SECTION 5.14.     Maintenance of Ratings
	  	 	95	  
	 SECTION 5.15.     Further Assurances
	  	 	96	  

  
 ii 

					
		
	ARTICLE VI	  			
		
	 Negative Covenants
	  	 	96	  
		
	 SECTION 6.01.     Indebtedness; Certain Equity Securities
	  	 	97	  
	 SECTION 6.02.     Liens
	  	 	101	  
	 SECTION 6.03.     Fundamental Changes
	  	 	103	  
	 SECTION 6.04.     Investments, Loans, Advances, Guarantees and Acquisitions
	  	 	104	  
	 SECTION 6.05.     Asset Sales
	  	 	107	  
	 SECTION 6.06.     Sale and Leaseback Transactions
	  	 	109	  
	 SECTION 6.07.     Hedging Agreements
	  	 	109	  
	 SECTION 6.08.     Restricted Payments; Certain Payments of Indebtedness
	  	 	109	  
	 SECTION 6.09.     Transactions with Affiliates
	  	 	112	  
	 SECTION 6.10.     Restrictive Agreements
	  	 	113	  
	 SECTION 6.11.     Amendment of Material Documents
	  	 	114	  
	 SECTION 6.12.     [Reserved]
	  	 	114	  
	 SECTION 6.13.     Changes in Fiscal Periods
	  	 	114	  
		
	ARTICLE VII	  			
		
	 Events of Default
	  	 	114	  
		
	 SECTION 7.01.     Events of Default
	  	 	114	  
		
	ARTICLE VIII	  			
		
	 The Administrative Agent
	  	 	118	  
		
	ARTICLE IX	  			
		
	 Miscellaneous
	  	 	124	  
		
	 SECTION 9.01.     Notices
	  	 	124	  
	 SECTION 9.02.     Waivers; Amendments
	  	 	125	  
	 SECTION 9.03.     Expenses; Indemnity; Damage Waiver
	  	 	128	  
	 SECTION 9.04.     Successors and Assigns
	  	 	130	  
	 SECTION 9.05.     Survival
	  	 	138	  
	 SECTION 9.06.     Counterparts; Integration; Effectiveness
	  	 	138	  
	 SECTION 9.07.     Severability
	  	 	138	  
	 SECTION 9.08.     Right of Setoff
	  	 	138	  
	 SECTION 9.09.     Governing Law; Jurisdiction; Consent to Service of Process
	  	 	139	  
	 SECTION 9.10.     WAIVER OF JURY TRIAL
	  	 	140	  
	 SECTION 9.11.     Headings
	  	 	140	  
	 SECTION 9.12.     Confidentiality
	  	 	140	  
	 SECTION 9.13.     Interest Rate Limitation
	  	 	141	  
	 SECTION 9.14.     Release of Liens and Guarantees
	  	 	141	  
	 SECTION 9.15.     USA Patriot Act Notice
	  	 	142	  

  
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	 SECTION 9.16.     No Fiduciary Relationship
	  	 	142	  
	 SECTION 9.17.     Non-Public Information
	  	 	142	  

 SCHEDULES: 
  

					
	Schedule 1.01B        	  	—	  	 Disqualified Lenders

	Schedule 2.01	  	—	  	 Commitments

	Schedule 5.15	  	—	  	 Post-Closing Matters

			
	EXHIBITS:	  		  	
			
	Exhibit A-1	  	—	  	 Form of Assignment and Assumption

	Exhibit A-2	  	—	  	 Form of Affiliated Assignment and Assumption

	Exhibit B	  	—	  	 Form of Borrowing Request

	Exhibit C	  	—	  	 Auction Procedures

	Exhibit D	  	—	  	 Form of Second Lien Guarantee and Collateral Agreement

	Exhibit E	  	—	  	 Form of Compliance Certificate

	Exhibit F	  	—	  	 Form of Intercompany Note

	Exhibit G-1	  	—	  	 Form of First Lien/Second Lien Intercreditor Agreement

	Exhibit G-2	  	—	  	 Form of Pari Passu Second Lien Intercreditor Agreement

	Exhibit H	  	—	  	 Form of Interest Election Request

	Exhibit I-1	  	—	  	 Form of Perfection Certificate

	Exhibit I-2	  	—	  	 Form of Supplemental Perfection Certificate

	Exhibit J	  	—	  	 Form of Solvency Certificate

	Exhibit K-1	  	—	  	 Form of U.S. Tax Compliance Certificate for Non-U.S. Lenders that are not Partnerships for U.S. Federal Income Tax
Purposes

	Exhibit K-2	  	—	  	 Form of U.S. Tax Compliance Certificate for Non-U.S. Lenders that are Partnerships for U.S. Federal Income Tax Purposes

	Exhibit K-3	  	—	  	 Form of U.S. Tax Compliance Certificate for Non-U.S. Participants that are not Partnerships for U.S. Federal Income Tax
Purposes

	Exhibit K-4	  	—	  	 Form of U.S. Tax Compliance Certificate for Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax
Purposes

	Exhibit L	  	—	  	 Form of Promissory Note

  
 iv 

 SECOND LIEN CREDIT AGREEMENT dated as of August 20, 2013, among TRINET
HR CORPORATION, as Borrower, TRINET GROUP, INC., the LENDERS from time to time party hereto and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Administrative Agent. 
 The parties hereto agree as follows: 
 ARTICLE I 

Definitions 
 SECTION 1.01. Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “ABR”, when used in reference to any Loan or Borrowing, means that such Loan, or the Loans comprising such Borrowing, shall bear interest at a rate determined by reference to the
Alternate Base Rate. 
 “Accepting Lenders” has the meaning set forth in Section 2.23(a). 

“ACH Indebtedness” means Indebtedness incurred by Holdings or its Subsidiaries in the ordinary course of business in
respect of automated clearinghouse obligations. 
 “Adjusted LIBO Rate” means, with respect to any Eurodollar
Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate. Notwithstanding the
foregoing, the Adjusted LIBO Rate will be deemed to be 1.00% per annum on any day when it would otherwise be less than 1.00% per annum. 
 “Administrative Agent” means Wilmington Trust, National Association, in its capacity as administrative agent hereunder and under the other Loan Documents, and its successors in such
capacity as provided in Article VIII. 
 “Administrative Questionnaire” means an administrative questionnaire
in a form supplied by the Administrative Agent. 
 “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; provided, however, that for purposes of Section 6.09, the term “Affiliate” shall also include
any Person that, directly or indirectly through one or more intermediaries, owns 5% or more of any class of Equity Interests of the Person specified (other than, in the case of Equity Interests of Holdings, any such Person that first acquired such
5% ownership after an IPO) or that is an officer or director of the Person specified. 

 “Affiliated Assignment and Assumption” means an assignment and assumption
entered into by a Lender and an Eligible Assignee, with the consent of any Person whose consent is required by Section 9.04, and accepted by the Administrative Agent, substantially in the form of Exhibit A-2. 

“Agreement” means this Second Lien Credit Agreement, as the same may be modified, amended and/or supplemented from time
to time. 
 “AIG Contract” means the documents listed on Schedule 6.10A to the Disclosure Letter evidencing the
service and financial relationship among AIG and its Affiliates, the Borrower, Archimedes and the Reinsurance Captive Asset Management Program, pursuant to which collateral is retained for a period of time to secure the workers compensation claims
payment and administrative fee obligations of the Borrower and Archimedes, pursuant to the workers compensation program of the Borrower and any of its operating subsidiaries. 

“Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the
Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus  1/2 of 1% and (c) the Adjusted LIBO Rate on such day (or if such day is not a Business Day, the immediately preceding
Business Day) for a deposit in dollars with a maturity of one month plus 1%. For purposes of clause (c) above, the Adjusted LIBO Rate on any day shall be based on the rate per annum determined in accordance with the definition of “LIBO
Rate” herein, as the screen or quoted rate at approximately 11:00 a.m., London time, on such day for deposits in dollars with a maturity of one month. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds
Effective Rate or the Adjusted LIBO Rate shall be effective as of the opening of business on the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate, respectively. 

“Alternative Incremental Facility Indebtedness” means any Indebtedness incurred by the Borrower in the form of one or
more series of secured bonds, debentures, notes or similar instruments; provided that (a), (i) such Indebtedness shall be secured by the Collateral on a pari passu basis (but without regard to the control of remedies) with the
Obligations and shall not be secured by any property or assets of Holdings, the Borrower or any of the other Subsidiaries other than the Collateral, (ii) the security agreements relating to such Indebtedness are substantially the same as the
Security Documents and (iii) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to the Pari Passu Second Lien Intercreditor Agreement (provided that if the Pari Passu Second Lien
Intercreditor Agreement has not previously been executed and delivered, then Holdings, the Borrower, the other Subsidiary Loan Parties, the Administrative Agent and the Senior Representative for such Indebtedness shall have executed and delivered
the Pari Passu Second Lien Intercreditor Agreement) and the First Lien/Second Lien Intercreditor Agreement, (b) such Indebtedness does not mature earlier than the Latest Maturity Date in effect hereunder at the time of incurrence thereof and
has a weighted average life to maturity no shorter than that of the Loans with the Latest Maturity Date, (c) such Indebtedness contains covenants, events of default and other terms that are customary for similar Indebtedness

  
 2 

 
in light of then-prevailing market conditions and, when taken as a whole (other than interest rates, fees and optional prepayment or redemption terms), are substantially identical to, or are not
more restrictive to Holdings, the Borrower and the Subsidiaries than, those set forth in the Loan Documents (other than covenants or other provisions applicable only to periods after the Latest Maturity Date then in effect); provided that a
certificate of a Financial Officer of the Borrower delivered to the Administrative Agent at least five Business Days prior to the incurrence of such Indebtedness or the modification, refinancing, refunding, renewal or extension thereof (or such
shorter period of time as may reasonably be agreed by the Administrative Agent), together with a reasonably detailed description of the material terms and conditions of such resulting Indebtedness or drafts of the material definitive documentation
relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirements shall be conclusive unless the Administrative Agent provides notice to the Borrower of its reasonable
objection during such period together with a reasonable description of the basis upon which it objects, (d) such Indebtedness does not provide for any amortization, mandatory prepayment, redemption or repurchase (other than upon a change of
control, fundamental change, or upon conversion or exchange in the case of convertible or exchangeable Indebtedness, customary asset sale or event of loss, mandatory offers to purchase and customary acceleration rights after an event of default)
prior to the Latest Maturity Date then in effect, and (e) such Indebtedness is not guaranteed by any Person other than Holdings and Subsidiaries that are Subsidiary Loan Parties. Alternative Incremental Facility Indebtedness will include any
Registered Equivalent Notes issued in exchange therefor. 
 “Anti-Corruption Laws” means the United States
Foreign Corrupt Practices Act of 1977 and all other laws, rules, and regulations of any jurisdiction applicable to Holdings, the Borrower and the Subsidiaries concerning or relating to bribery or corruption. 

“Anti-Terrorism Law” means any Requirement of Law relating to money laundering or financing terrorism, including the USA
Patriot Act, the Currency and Foreign Transactions Reporting Act (also known as the “Bank Secrecy Act of 1970”, 31 U.S.C. §§ 5311-5330 and 12 U.S.C. §§ 1818(s), 1820(b) and 1951-1959), the Trading With the Enemy Act of
1917 (50 U.S.C. §1 et seq.) and Executive Order 13224 (effective September 24, 2001). 
 “Applicable
Rate” means, for any day, (a) 6.75% per annum, in the case of an ABR Loan, or (b) 7.75% per annum, in the case of a Eurodollar Loan. 
 “Approved Fund” means any Person (other than a natural person) that is 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 or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Archimedes” means Archimedes Risk Solutions LTD, a Bermuda corporation, and a direct, wholly-owned Subsidiary of the
Borrower. 

  
 3 

 “Arrangers” means J.P. Morgan Securities LLC, Morgan Stanley Senior
Funding, Inc., Bank of America, N.A. and Deutsche Bank Securities Inc., in their capacities as joint lead arrangers and bookrunners for the credit facilities provided for herein. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee, with
the consent of any Person whose consent is required by Section 9.04, and accepted by the Administrative Agent, substantially in the form of Exhibit A-1. 
 “Auction Manager” has the meaning set forth in Section 2.24(a). 
 “Auction Notice” means an auction notice given by the Borrower in accordance with the Auction Procedures with respect to an Auction Purchase Offer. 

“Auction Procedures” means the auction procedures with respect to Auction Purchase Offers set forth in Exhibit C
hereto. 
 “Auction Purchase Offer” means an offer by the Borrower to purchase Loans of one or more Classes
pursuant to modified Dutch auctions conducted in accordance with the Auction Procedures and otherwise in accordance with Section 2.24. 
 “Available Domestic Cash” means, on any date, the amount of Unrestricted Cash held on such date by Holdings, the Borrower or any Subsidiary Loan Party, other than Unrestricted Cash held
in accounts outside the United States of America. 
 “Available ECF Amount” means, as of any time, the excess,
if any, of: 
 (a) the Cumulative Borrower’s ECF Share; over 

(b) the sum of all Investments made prior to such time in reliance on Section 6.04(s)(iii), plus all
Restricted Payments made prior to such time in reliance on Section 6.08(a)(ix)(B), plus all expenditures in respect of Indebtedness made prior to such time in reliance on Section 6.08(b)(viii)(B), in each case utilizing the
Available ECF Amount or portions thereof in effect on the date of any such Investment, Restricted Payment or expenditure. 

Under no circumstances will the amounts referred to in clause (b) of this definition exceed the amount of the Cumulative
Borrower’s ECF Share, and the aggregate of all Investments, Restricted Payments and expenditures in respect of Indebtedness made on any date in reliance on the Available ECF Amount on such date may not exceed the amount of the Available ECF
Amount on such date. 
 “Bank of America Accounts” means (a) the deposit accounts and securities accounts
set forth on Schedule 1 of the Disclosure Letter, and (b) any additional deposit accounts and securities accounts related thereto at Bank of America, N.A. approved at the Administrative Agent’s reasonable discretion. 

  
 4 

 “Bankruptcy Event” means, with respect to any Person, that such Person has
become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its
business appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in, any such proceeding or appointment. 
 “Base First Lien Incremental Amount” means $50,000,000, which is the base amount of First Lien Incremental Facility Indebtedness and First Lien Alternative Incremental Facility
Indebtedness that can be incurred pursuant to Section 6.01(a)(xiv). For purposes hereof, the Base First Lien Incremental Amount will be deemed to be utilized by the initial $50,000,000 of the First Lien Incremental Facility Indebtedness and
First Lien Alternative Incremental Facility Indebtedness incurred under Section 6.01(a)(xiv) 
 “Base Incremental
Amount” means $50,000,000, which is the base amount of Incremental Term Commitments that can be incurred under Section 2.21 and Alternative Incremental Facility Indebtedness that can be incurred under Section 6.01(a)(xiii). For
purposes hereof, the Base Incremental Amount will be deemed to be utilized by the initial $50,000,000 of the Incremental Term Commitments incurred under Section 2.21 and Alternative Incremental Facility Indebtedness incurred under
Section 6.01(a)(xiii). 
 “Board of Governors” means the Board of Governors of the Federal Reserve System
of the United States of America. 
 “Borrower” means TriNet HR Corporation, a California corporation.

 “Borrowing” means Loans of the same Class and Type made, converted or continued on the same date and, in the
case of Eurodollar Loans, as to which a single Interest Period is in effect. 
 “Borrowing Request” means a
request by the Borrower for a Borrowing in accordance with Section 2.03, which shall be, in the case of a written Borrowing Request, substantially in the form of Exhibit B. 

“Business Credit Card Indebtedness” means Indebtedness incurred by the Borrower or its Subsidiaries in the ordinary
course of business under a commercial credit card or purchasing card program. 
 “Business Day” means any day
that is not a Saturday, Sunday or other day on which commercial banks in New York City or London are authorized or required by law to remain closed. 
 “Capital Expenditures” means, for any period, (a) the additions to property, plant and equipment and other capital expenditures of Holdings, the Borrower and the Subsidiaries that
are (or should be) set forth in a consolidated statement of cash flows of Holdings for such period prepared in accordance with GAAP and (b) Capital 

  
 5 

 
Lease Obligations incurred by Holdings, the Borrower and the Subsidiaries during such period, but excluding in each case any such expenditure (i) constituting reinvestment of the Net
Proceeds of any event described in clause (a) or (b) of the definition of the term “Prepayment Event”, to the extent permitted by Section 2.11(b), (ii) made by Holdings, the Borrower or any Subsidiary as payment of the
consideration for a Permitted Acquisition and related costs and expenses, (iii) made by Holdings, the Borrower or any Subsidiary to effect leasehold improvements to any property leased by Holdings, the Borrower or such Subsidiary as lessee, to
the extent that such expenses have been reimbursed by the landlord, (iv) in the form of a substantially contemporaneous exchange of similar property, plant, equipment or other capital assets, except to the extent of cash or other consideration
(other than the assets so exchanged), if any, paid or payable by Holdings, the Borrower or any Subsidiary and (v) made with the Net Proceeds from the issuance of Qualified Equity Interests. 

“Capital 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 (without
giving effect to any subsequent changes in GAAP arising out of a change described in the Proposed Accounting Standards Update to Leases (Topic 840) dated August 17, 2010 or a substantially similar pronouncement). The amount of such obligations
shall be the capitalized amount thereof determined in accordance with GAAP. For purposes of Section 6.02, a Capital 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. 
 “CFC” means (a) each Person that is a “controlled foreign corporation”
for purposes of the Code, including Archimedes (so long as Archimedes is organized under the laws of Bermuda), and (b) each subsidiary of any such controlled foreign corporation. 

“CFC Holding Company” means a Subsidiary, including any Pass-Through Foreign Subsidiary, the sole material assets of
which are Equity Interests in one or more CFCs. 
 “Change in Control” means (a) the failure of Holdings
to own, directly or indirectly through wholly-owned Subsidiaries, 100% of the outstanding Equity Interest in the Borrower and each Loan Party (other than Holdings and subject to the release of any Loan Party pursuant to Section 9.14);
(b) prior to an IPO, (i) the failure by the Permitted Holders to own, directly or indirectly through one or more wholly-owned subsidiaries, beneficially and of record, Equity Interests in Holdings representing at least 50.1% of the
aggregate ordinary voting power represented by the issued and outstanding Equity Interests in Holdings or (ii) the inability of the Permitted Holders (including, in the case of General Atlantic, entities within the definition of “General
Atlantic” acting collectively) to elect a controlling majority of the board of directors of Holdings; (c) after an IPO (i) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or
“group”, within the meaning of the Exchange Act and the rules of the 

  
 6 

 
SEC thereunder (other than General Atlantic or any employee benefit plan of Holdings or the Subsidiaries or a Person acting in connection with such acquisition as a trustee, agent, fiduciary or
administrator of such an employee benefit plan), of Equity Interests representing more than the greater of (A) 35% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests in Holdings (or, if applicable,
the Qualified IPO Parent) and (B) the percentage of then outstanding Voting Stock of Holdings then owned directly, indirectly or beneficially by the Permitted Holders; (d) after an IPO involving a Qualified IPO Parent, the failure of such
Qualified IPO Parent to own 100% of the outstanding Equity Interests of Holdings; (e) after an IPO, the occupation of a majority of the seats (other than vacant seats) on the board of directors of Holdings or any Qualified IPO Parent by
Persons who were not (i) directors of Holdings on the date hereof, (ii) nominated by the board of directors of Holdings or General Atlantic (or, in the case of any Qualified IPO Parent, appointed by General Atlantic prior to an IPO) or
(iii) appointed by directors who were directors of Holdings on the date hereof or were so nominated as provided in subclause (ii) of this clause (e); or (f) the occurrence of any “change in control” (or similar event,
however denominated) with respect to Holdings or the Borrower under and as defined in any indenture or other agreement or instrument evidencing, governing the rights of the holders of, or otherwise relating to, any Material Indebtedness of Holdings,
the Borrower or any Subsidiary. For the avoidance of doubt, it is understood that an IPO will not, unless it results in an event or circumstance constituting a Change in Control pursuant to the foregoing definition, constitute a Change in Control.

 “Change in Law” means the occurrence, after the Effective Date (or with respect to any Lender, any later
date on which such Lender initially became a Lender hereunder), of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the
administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental
Authority; provided that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith
and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory
authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 
 “Charges” has the meaning set forth in Section 9.13. 

“Class”, when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising
such Borrowing, are Loans or Incremental Term Loans of any Series, (b) any Commitment, refers to whether such Commitment is a Commitment or an Incremental Term Commitment of any Series and (c) any Lender, refers to whether such Lender has
a Loan or Commitment of a particular Class 

  
 7 

 “Co-Syndication Agents” means each of Morgan Stanley Senior Funding, Inc.,
Bank of America, N.A. and Deutsche Bank Securities Inc., in its capacity as co-syndication agents for the credit facilities established hereunder. 

“Code” means the United States Internal Revenue Code of 1986, as amended. 

“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. 
 “Collateral Agreement” means
the Second Lien Guarantee and Collateral Agreement among Holdings, the Borrower, the other Loan Parties and the Administrative Agent, substantially in the form of Exhibit D. 

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

(a) the Administrative Agent shall have received from Holdings, the Borrower and each Designated Subsidiary
(i) either (A) a counterpart of the Collateral Agreement duly executed and delivered on behalf of such Person or (B) in the case of any Person that becomes a Designated Subsidiary after the Effective Date, a supplement to the
Collateral Agreement, in the form specified therein, duly executed and delivered on behalf of such Person, together with opinions and documents of the type referred to in paragraphs (b) and (c) of Section 4.01 with respect to such
Person, and (ii) with respect to any such Person that directly owns Equity Interests of a Significant Foreign Subsidiary, a counterpart of each Foreign Pledge Agreement that the Administrative Agent determines, based on the advice of counsel,
to be necessary in connection with the pledge of, or the granting of security interests in, Equity Interests of such Foreign Subsidiary (other than Excluded Equity Interests), in each case duly executed and delivered on behalf of such Person and, to
the extent required by applicable law or otherwise reasonably requested by the Administrative Agent, such Foreign Subsidiary; 
 (b) (i) all outstanding Equity Interests of the Borrower and each Significant Subsidiary (other than Excluded Equity Interests), in each case directly owned by or on behalf of any Loan Party, shall
have been pledged pursuant to the Collateral Agreement or, in the case of Equity Interests in a Significant Foreign Subsidiary where the Administrative Agent so reasonably requests, a Foreign Pledge Agreement; provided that the Loan Parties
shall not be required to pledge (x) more than 65% of the outstanding voting Equity Interests of any first-tier CFC or first-tier CFC Holding Company and no CFC or CFC Holding Company shall be required to pledge any Equity Interests in
Subsidiaries of such CFC or CFC Holding Company or (y) any of the outstanding voting Equity Interests of any CFC or CFC Holding Company that are not owned directly by a Loan Party; provided, further, that 100% of the Equity
Interests of 

  
 8 

 
any Pass-Through Foreign Subsidiary that is a Significant Foreign Subsidiary and that are directly owned by a Loan Party shall be pledged pursuant to the Collateral Agreement or a Foreign Pledge
Agreement, and (ii) the Administrative Agent shall, to the extent required by the Collateral Agreement or any such Foreign Pledge Agreement, have received certificates or other instruments representing all such Equity Interests, together with
undated stock powers or other instruments of transfer with respect thereto endorsed in blank; 
 (c) (i) all
Indebtedness of Holdings, the Borrower or any Subsidiary and (ii) all other Indebtedness (other than Permitted Investments) of any Person in a principal amount of $1,000,000 or more that, in each case, is owing to any Loan Party shall be
evidenced by a promissory note and shall have been pledged pursuant to the Collateral Agreement or a supplement to the Collateral Agreement, and the Administrative Agent shall have received all such promissory notes, together with undated
instruments of transfer with respect thereto endorsed in blank; 
 (d) all documents and instruments, including
Uniform Commercial Code financing statements, required by Requirements of Law or reasonably requested by the Administrative Agent to be filed, 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, 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; 
 (e) the Administrative Agent shall have received
(i) counterparts of a Mortgage with respect to each Mortgaged Property duly executed and delivered by the record owner of such Mortgaged Property, (ii) a policy or policies of title insurance issued by a nationally recognized title
insurance company insuring the Lien of each such Mortgage as a valid and enforceable first Lien on the Mortgaged Property described therein, free of any other Liens except as permitted under Section 6.02, together with such endorsements,
coinsurance and reinsurance as the Administrative Agent may reasonably request, (iii) if any Mortgaged Property is located in an area determined by the Federal Emergency Management Agency to have special flood hazards, evidence of such flood
insurance as may be required under applicable law, including Regulation H of the Board of Governors, and (iv) such surveys, abstracts, appraisals and legal opinions, in each case, as the Administrative Agent may reasonably request with respect
to any such Mortgage or Mortgaged Property; and 
 (f) the Administrative Agent shall have received a
counterpart, duly executed and delivered by the applicable Loan Party and the applicable depositary bank or securities intermediary, as the case may be, of a Control Agreement with respect to (i) each deposit account maintained by any Loan
Party with any depositary bank (other than any Excluded Account) and (ii) each securities account maintained by any Loan Party with any securities intermediary (other 

  
 9 

 
than any Excluded Account); provided that the Loan Parties may maintain one or more local depository accounts or securities accounts not subject to a Control Agreement with financial
institutions other than the Administrative Agent so long as (x) the balance of any individual deposit account or securities account does not at any time exceed $1,000,000 and (y) the balance of all such deposit and securities accounts does
not at any time exceed $3,000,000 in the aggregate; provided, further, that the Loan parties shall have 90 days after the Effective Date or after the formation or acquisition of a new Loan Party, as the case may be, to comply with this
paragraph (f). 
 Notwithstanding the foregoing provisions of this definition or anything in this Agreement or any other Loan
Document to the contrary, (a) the Loan Parties shall have the time periods specified in (x) Section 5.15(b) to satisfy the Collateral and Guarantee Requirement with respect to items specified in Schedule 5.15 and
(y) Section 5.12 and Section 5.15(b) to satisfy the Guarantee and Collateral Requirement with respect Subsidiaries newly acquired or formed (or which first become Designated Subsidiaries) after the Effective Date and with respect to
assets acquired after the Effective Date that do not automatically constitute Collateral under the Collateral Agreement, (b) 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, as to which the Administrative Agent and the Borrower
reasonably agree that the cost 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 Holdings, the Borrower and the Subsidiaries (including the imposition of withholding or other material taxes)), shall be excessive in view of the benefits to be obtained by the Lenders therefrom,
(c) 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 as in effect on the Effective Date and,
to the extent appropriate in the applicable jurisdiction, as reasonably agreed between the Administrative Agent and the Borrower and (d) in no event shall the Collateral include any Excluded Assets. The Administrative Agent may (but shall not
be obligated to), without the consent of any Lender, 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 Effective Date or in connection with assets acquired, or Subsidiaries formed or acquired, after the Effective Date) where it and the Borrower reasonably agree 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. 

“Commitment” means with respect to each Lender such Lender’s Commitment to make a Loan on the Effective Date or
such Lenders Incremental Term Commitment of any Series, expressed as an amount representing the maximum principal amount of the Loan to be made by such Lender. The amount of each Lender’s

  
 10 

 
Commitment to make a Loan on the Effective date is set forth on Schedule 2.01. The initial aggregate amount of the Lenders’ Commitments is $190,000,000. 

“Compliance Certificate” means a Compliance Certificate substantially in the form of Exhibit E or any other form
approved by the Administrative Agent. 
 “Confidential Information Memorandum” means the confidential
information memorandum dated as of August 2013, related to the Transactions. 
 “Connection Income Taxes” means
Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated EBITDA” means, for any period, Consolidated Net Income for such period, plus 
 (a) without duplication and to the extent deducted (and not added back) in determining such Consolidated Net Income, the sum of 

(i) consolidated interest expense for such period (including imputed interest expense in respect of Capital Lease
Obligations); 
 (ii) provision for taxes based on income, profits or losses, including foreign withholding
taxes, and for corporate franchise, capital stock, net worth and value-added taxes, in each case during such period; 
 (iii) all amounts attributable to depreciation and amortization for such period (excluding amortization expense attributable to a prepaid cash expense that was paid in a prior period); 

(iv) any extraordinary losses or charges for such period, determined on a consolidated basis in accordance with GAAP;

 (v) any Non-Cash Charges for such period; 

(vi) any losses attributable to obligations under any Hedging Agreement (to the extent recognized prior to the occurrence
of a termination event with respect thereto) or to early extinguishment of Indebtedness, determined on a consolidated basis in accordance with GAAP for such period; 

(vii) expenses incurred during such period that are contemporaneously reimbursed to Holdings, the Borrower or a Subsidiary
by a seller pursuant to indemnification provisions in any agreement relating to a Permitted Acquisition; 

(viii) non-recurring out-of-pocket transactional fees, costs and expenses relating to Permitted Acquisitions, Investments
and Indebtedness 

  
 11 

 
incurred outside the ordinary course of business, securities offerings and Dispositions, including legal fees, advisory fees and upfront financing fees; 

(ix) Pro Forma Adjustments in connection with Material Acquisitions consummated during such period; 

(x) non-recurring out-of-pocket costs fees, and expenses relating to the Transactions incurred during such period,
including legal and advisory fees (so long as not incurred after 120 days following the Effective Date), not in excess of $15,000,000 in the aggregate; and 
 (xi) non-recurring out-of-pocket fees, costs and expenses relating to the incurrence, refinancing, amendment or modification of Indebtedness prior to the Effective Date; 

provided that (A) any cash payment made with respect to any Non-Cash Charges added back in computing Consolidated EBITDA for any prior period
pursuant to clause (a)(v) above (or that would have been added back had this Agreement been in effect during such prior period) shall be subtracted in computing Consolidated EBITDA for the period in which such cash payment is made and (B) the
aggregate amount of all amounts under clauses (a)(viii), (a)(ix) and (a)(xi) that increase Consolidated EBITDA in any Test Period shall not exceed, and shall be limited to, 10% of Consolidated EBITDA in respect of such Test Period (calculated after
giving effect to such adjustments and with no carryover of unused amounts into any subsequent period); and minus 
 (b) without duplication and to the extent included (and not deducted) in determining such Consolidated Net Income, the sum of: 

(i) any extraordinary gains for such period, determined on a consolidated basis in accordance with GAAP; 

(ii) any non-cash gains for such period, including with respect to write-ups of assets or goodwill, determined on a
consolidated basis in accordance with GAAP; 
 (iii) any gains attributable to the early extinguishment of
Indebtedness or obligations under any Hedging Agreement, determined on a consolidated basis in accordance with GAAP for such period; 

provided, further that, Consolidated EBITDA for any period shall be calculated so as to exclude (without duplication of any adjustment
referred to above) (i) the cumulative effect of any changes in GAAP or accounting principles applied by management during such period and (ii) non-cash foreign translation gains and losses. 

“Consolidated First Lien Debt” means, as of any date, the aggregate amount of Consolidated Total Debt of Holdings and
the Subsidiaries outstanding on such date, including Indebtedness under the First Lien Credit Agreement, Capital Lease 

  
 12 

 
Obligations (excluding Capital Lease Obligations in an aggregate amount not to exceed $1,000,000 at any time outstanding), purchase money indebtedness and other obligations that are properly
classified as liabilities on a consolidated balance sheet prepared in accordance with GAAP, that in any case is secured by Liens on any property or assets of Holdings, the Borrower or any of the other Subsidiaries other than Liens on the Collateral
(including those under the Security Documents) that are subordinated to the Liens securing the First Lien Loan Document Obligations and other Indebtedness that is afforded a first- priority Lien on the Collateral pursuant to the First Lien/Second
Lien Intercreditor Agreement. 
 “Consolidated Net Income” means, for any period, the net income or loss of
Holdings, the Borrower and the consolidated Subsidiaries for such period determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded (a) the income of any Person (other than Holdings and the
Borrower) that is not a consolidated Subsidiary, except to the extent of the amount of cash dividends or other cash distributions actually paid by such Person to Holdings, the Borrower or, subject to clauses (b) and (c) of this proviso,
any consolidated Subsidiary during such period, (b) the income of, and any amounts referred to in clause (a) of this proviso paid to, any Subsidiary to the extent that, on the date of determination, the declaration or payment of cash
dividends or other cash distributions by such Subsidiary of that income is not at the time permitted by a Requirement of Law or any agreement or instrument applicable to such Subsidiary, unless such restrictions with respect to the payment of cash
dividends and other similar cash distributions have been legally and effectively waived and (c) the income or loss of, and any amounts referred to in clause (a) of this proviso paid to, any consolidated Subsidiary that is not wholly-owned
by Holdings to the extent such income or loss or such amounts are attributable to the noncontrolling interest in such consolidated Subsidiary. 
 “Consolidated Total Debt” means, as of any date of determination, the sum of (a) the aggregate principal amount of Indebtedness of Holdings, the Borrower and the Subsidiaries
outstanding as of such date in the amount that would be reflected on a balance sheet prepared as of such date on a consolidated basis in accordance with GAAP, plus (b) the aggregate principal amount of Indebtedness of Holdings, the
Borrower and the Subsidiaries outstanding as of such date (including in respect of letters of credit, but excluding purchase price adjustments and other Indebtedness of the type described in clause (i)of the third sentence of the definition of
Indebtedness or Guarantees of obligations of Holdings, the Borrower or any Subsidiary not constituting Indebtedness) that is not required to be reflected on a balance sheet prepared as of such date on a consolidated basis in accordance with GAAP, in
each case without giving effect to any election to value any Indebtedness at “fair value”, as described in Section 1.04(a), or any other accounting principle that results in the amount of any such Indebtedness (other than zero coupon
Indebtedness) as reflected on such balance sheet to be below the stated principal amount of such Indebtedness. 

“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 

  
 13 

 
voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Control Agreement” means, with respect to any deposit account or securities account maintained by any Loan Party, a
control agreement in form and substance satisfactory to the Administrative Agent, duly executed and delivered by such Loan Party and the depositary bank or the securities intermediary, as the case may be, with which such account is maintained.

 “Credit Party” means the Administrative Agent and each other Lender. 

“Cumulative Borrower’s ECF Share” means, as of any date of determination, for each fiscal year (commencing with the
fiscal year ending December 31, 2014) with respect to which a Compliance Certificate has been delivered in connection with the delivery of annual or quarterly financial statements pursuant to Section 5.01(a), the sum (in no event less than
zero) of the amounts shown in such Compliance Certificates as the amounts of Excess Cash Flow for such fiscal year covered by such Compliance Certificates, less in each case the amount of such Excess Cash Flow (including for the avoidance of doubt,
but without duplication, all ECF Shortfall Amounts) required to be applied to prepay (a) term loans (including incremental term loans) pursuant to Section 2.11(d) of the First Lien Credit Agreement, (b) Loans pursuant to
Section 2.11(c) of this Agreement, (c) any Alternative Incremental Facility Indebtedness or First Lien Alternative Incremental Facility Indebtedness pursuant to any comparable provision thereof or (d) any Refinancing Indebtedness in
respect of this Agreement, the First Lien Credit Agreement or any Alternative Incremental Facility Indebtedness or First Lien Alternative Incremental Facility Indebtedness pursuant to any comparable provision thereof. 

“Debt Fund Affiliate” means any fund managed by, under common management with, or otherwise an Affiliate of, General
Atlantic or a portfolio company thereof that is a bona fide diversified debt fund or an investment vehicle that is primarily engaged in the making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of
credit in the ordinary course. 
 “Debtor Relief Laws” shall mean the United States Bankruptcy Code and all
other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization or similar debtor relief laws of the United States of America or other applicable
jurisdictions affecting the rights of creditors generally from time to time in effect. 
 “Default” means any
event or condition that constitutes, or upon notice, lapse of time or both would constitute, an Event of Default. 

“Designated Subsidiary” means each Subsidiary that is not an Excluded Subsidiary. 

“Disclosure Letter” means the Disclosure Letter dated the date hereof delivered to the Administrative Agent and the
Lenders in respect of this Agreement. 

  
 14 

 “Disposition” has the meaning set forth in Section 6.05. 

“Disqualified Equity Interest” means, with respect to any Person, any Equity Interest in such Person or 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 

(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 the Borrower or any Subsidiary, in whole or in part, at the option of the holder thereof; 

in each case, on or prior to the date 91 days after the Latest Maturity Date (determined as of the date of issuance thereof or, in the case of any such
Equity Interests outstanding on the date hereof, the date hereof); 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”, initial public offering or a “change in control” (or similar event, however denominated) shall not constitute a
Disqualified Equity Interest if any such requirement becomes operative only after repayment in full of all the Loans and all other Obligations that are accrued and payable and (ii) an Equity Interest in any Person that is issued to any employee
or to any plan for the benefit of employees or by any such plan to such employees shall not constitute a Disqualified Equity Interest solely because it may be required to be repurchased by such Person or any of its subsidiaries in order to satisfy
applicable statutory or regulatory obligations or as a result of such employee’s termination, death or disability. 

“Disqualified Lender” means any Person set forth on Schedule 1.01B. 

“Dividend” means (i) one or more payments by the Borrower on the Effective Date, with the proceeds from the Loans
and the term loans under the First Lien Credit Agreement, of a dividend or distribution to Holdings in an aggregate amount, of up to $360,000,000 and (ii) one or more payments by Holdings on or after the Effective Date, with the proceeds of
such dividend or distribution referred to in clause (i), of one or more dividends or other distributions to holders of its Equity Interests and to fund tax liabilities relating to such dividend or distribution to its option holders. 

  
 15 

 “Documentation Agent” means KeyBank National Association, in its capacity
as documentation agent for the credit facilities established hereunder. 
 “dollars” or “$”
refers to lawful money of the United States of America. 
 “Domestic Subsidiary” means any Subsidiary
incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia. 

“ECF Shortfall Amount” has the meaning set forth in Section 2.11(g). 

“ECF Sweep Payment Date” has the meaning set forth in Section 2.11(c). 

“ECF Year” has the meaning set forth in Section 2.11(c). 

“Effective Date” means the date on which the conditions specified in Section 4.01 are satisfied (or waived in
accordance with Section 9.02). 
 “Effective Date Loan” means a Loan made hereunder on the Effective Date.

 “Eligible Assignee” means (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund,
(d) any bank and (e) any other financial institution or investment fund engaged as a primary activity in the ordinary course of its business in making or investing in commercial loans or debt securities, other than, in each case,
(i) a natural person, (ii) a Disqualified Lender or (iii) except to the extent permitted under Sections 2.24, 9.04(e) and 9.04(f), Holdings, the Borrower, any Subsidiary or any other Affiliate of Holdings. 

“Environmental Laws” means all rules, regulations, codes, ordinances, judgments, orders, decrees and other laws, and all
injunctions, notices or binding agreements, issued, promulgated or entered into by any Governmental Authority and relating in any way to (a) the environment, (b) preservation or reclamation of natural resources, (c) the management,
Release or threatened Release of any Hazardous Material or (d) 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 environmental remediation, fines, penalties and indemnities), directly or indirectly
resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the
Release or threatened Release of any Hazardous Materials or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Equity Interests” means shares of capital stock, partnership interests, membership interests, beneficial interests in a
trust or other equity ownership interests (whether voting or non-voting) in, or interests in the income or profits of, a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire

  
 16 

 
any of the foregoing (other than, prior to the date of such conversion, Indebtedness that is convertible into Equity Interests). 

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

“ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with the Borrower, 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 the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan, (f) the receipt by the Borrower or any of its ERISA Affiliates 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, (g) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the
withdrawal or partial withdrawal from any Plan or Multiemployer Plan or (h) the receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any of its ERISA Affiliates of any
notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA, or in endangered or critical status,
within the meaning of Section 305 of ERISA. 
 “Eurodollar”, when used in reference to any Loan or
Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bear interest at a rate determined by reference to the Adjusted LIBO Rate. 
 “Event of Default” has the meaning set forth in Section 7.01. 
 “Excess Cash Flow” means, for any fiscal year, an amount equal to: 
 (a) the sum, without duplication, of: 
 (i) the consolidated net
income or loss of Holdings, the Borrower and the consolidated Subsidiaries for such fiscal year, adjusted to exclude (x) net income or loss of any consolidated Subsidiary that is not wholly-owned by Holdings to the extent such income or loss is
attributable to the non-controlling interest in 

  
 17 

 
such consolidated Subsidiary and (y) any gains or losses attributable to Prepayment Events; 
 (ii) depreciation, amortization and other non-cash charges, expenses or losses, including the non-cash portion of interest expense, deducted in determining such consolidated net income or loss for such
fiscal year; and 
 (iii) the sum of (x) the amount, if any, by which Net Working Capital decreased during
such fiscal year (except as a result of the reclassification of items from short-term to long-term or vice-versa), (y) the net amount, if any, by which the consolidated deferred revenues and other consolidated accrued long-term liability
accounts of Holdings, the Borrower and the consolidated Subsidiaries increased during such fiscal year and (z) the net amount, if any, by which the consolidated accrued long-term asset accounts of Holdings, the Borrower and the consolidated
Subsidiaries decreased during such fiscal year; 
 minus 

(b) the sum, without duplication, of: 

(i) the amount of all non-cash gains included in arriving at such consolidated net income or loss for such fiscal year;

 (ii) the sum of (x) the amount, if any, by which Net Working Capital increased during such fiscal year
(except as a result of the reclassification of items from long-term to short-term or vice-versa), (y) the net amount, if any, by which the consolidated deferred revenues and other consolidated accrued long-term liability accounts of Holdings,
the Borrower and the consolidated Subsidiaries decreased during such fiscal year and (z) the net amount, if any, by which the consolidated accrued long-term asset accounts of Holdings, the Borrower and the consolidated Subsidiaries increased
during such fiscal year; 
 (iii) the sum of, in each case except to the extent financed with Excluded Sources,
of (w) the aggregate amount of Capital Expenditures by Holdings, the Borrower and the consolidated Subsidiaries made in cash for such fiscal year (except to the extent attributable to the incurrence of Capital Lease Obligations), (x) the
aggregate amount of cash consideration paid during such fiscal year by Holdings, the Borrower and the consolidated Subsidiaries to make Permitted Acquisitions and other Investments (other than Investments in cash, cash equivalents or Permitted
Investments), except to the extent made in reliance on the Available ECF Amount, (y) to the extent not deducted in arriving at net income or loss or pursuant to the other clauses of this definition, the amount of Restricted Payments paid to
Persons other than Holdings, the Borrower or any Subsidiaries during such period pursuant to Section 6.08(a), other than Restricted Payments made in reliance on the Available ECF Amount, and (z) payments in cash made by the Borrower and
its consolidated Subsidiaries with respect to any 

  
 18 

 
noncash charges added back pursuant to clause (a)(ii) above in computing Excess Cash Flow for any prior fiscal year; and 

(iv) the aggregate principal amount of Long-Term Indebtedness repaid or prepaid in cash by Holdings, the Borrower and the
consolidated Subsidiaries during such fiscal year, whether voluntary, scheduled or mandatory, excluding (u) Indebtedness in respect of revolving loans and letters of credit or other revolving extensions of credit (except to the extent that any
repayment or prepayment of such Indebtedness is accompanies by a permanent reduction in related commitments), (v) term loans under the First Lien Credit Agreement prepaid pursuant to Section 2.11(c), (d) or (e) thereof,
(w) Loans prepaid pursuant to Section 2.11(b), (c) or (d), (x) any Alternative Incremental Facility Indebtedness or First Lien Alternative Incremental Facility Indebtedness prepaid pursuant to any comparable provision thereof,
(y) any Refinancing Indebtedness in respect of this Agreement, the First Lien Credit Agreement or any Alternative Incremental Facility Indebtedness or First Lien Alternative Incremental Facility Indebtedness prepaid pursuant to any comparable
provision thereof and (z) repayments or prepayments of Long-Term Indebtedness (A) made under Section 6.08(b)(viii) in reliance on the Available ECF Amount and (B) to the extent financed from Excluded Sources; 

Notwithstanding any other provision of this Agreement, amounts expended in connection with (i) acquiring Loans under Section 2.24 or term loans
under Section 2.24 of the First Lien Credit Agreement and (ii) assignments of Loans pursuant to Section 9.04(e) or (f) or term loans pursuant to Section 9.04(e) or (f) of the First Lien Credit Agreement, in each case,
shall not reduce or be credited against Excess Cash Flow. 
 “Exchange Act” means the United States Securities
Exchange Act of 1934. 
 “Excluded Accounts” means (a) deposit and/or securities accounts the balance of
which consists exclusively of (i) withheld income taxes and federal, state or local employment taxes in such amounts as are required in the reasonable judgment of Holdings to be paid to the IRS or state or local government agencies within the
following two months with respect to employees of any of the Loan Parties or (ii) amounts required to be paid over to an employee benefit plan pursuant to DOL Reg. Sec. 2510.3-102 on behalf of or for the benefit of employees of one or more Loan
Parties, (b) all segregated deposit and/or securities accounts established as and constituting (and the balance of which consists solely of funds set aside in connection with) tax accounts, payroll accounts, trust accounts and collateral
accounts related to obligations not prohibited by this Agreement, (c) the Bank of America Accounts, (d) any deposit accounts maintained with a financial institution, other than the Administrative Agent or a Lender, exclusively established
to cash collateralize letters of credit not issued under this Agreement, (e) any deposit or securities accounts established and used solely to cash collateralize obligations in respect of Business Credit Card Indebtedness or ACH Indebtedness
permitted by this Agreement or otherwise constituting a Permitted Encumbrance, (f) the transfer agent 

  
 19 

 
services account with Registrar and Transfer Company and (g) any foreign deposit or securities accounts of the Loan Parties. 

“Excluded Assets” means (a) any asset if, to the extent and for so long as the grant of a Lien thereon to secure
the Obligations is prohibited by any Requirements of Law (other than to the extent that any such prohibition would be rendered ineffective pursuant to any other applicable Requirements of Law); (b) any leasehold interests; (c) motor
vehicles and other assets subject to certificate of title; (d) letter of credit rights (except to the extent perfection can be obtained by the filing of uniform commercial code financing statements) with a value of less than $5,000,000;
(e) any contract, lease, instrument, permit, license, authorization or other agreement to the extent that a grant of a security interest therein (other than, in any case, in proceeds or receivables thereof) would violate or invalidate such
contract, lease, instrument, permit, license, authorization or other agreement or create a right of termination in favor of any other party thereto (other than Holdings, the Borrower or a Loan Party), in each case only to the extent the relevant
provision is not rendered ineffective under the Uniform Commercial Code or other applicable law (provided that the foregoing will not limit the Liens under the Security Documents on monies due or to become due under any such contract, lease,
instrument, permit, license, authorization or other agreement); (f) any governmental licenses or state or local franchises, charters and authorizations, to the extent security interests in such licenses, franchises, charters or authorizations
are prohibited or restricted thereby (except to the extent such prohibition or restriction is deemed ineffective under the Uniform Commercial Code or other applicable law); (g) any intent to use application at the United States Patent and
Trademark Office with respect to trademarks for which a statement of use has not been filed; (h) any Excluded Equity Interests; (i) any fee interest in real property with a fair market value of less than $5,000,000; (j) assets held in
collateral trust or escrow arrangements maintained with unaffiliated parties under the AIG Contract or otherwise held on behalf of the TEB Trust; (k) any rights under or with respect to any workers compensation fronting agreement to the extent
that such agreement by its terms, by contract or by law, prohibits the assignment of, or the granting of a Lien with respect to, the rights of a grantor thereunder or which would be invalid or unenforceable upon any such assignment or grant (the
“Restricted Assets”); provided that (i) the proceeds of any Restricted Asset shall continue to be deemed to be Collateral and (ii) this provision shall not limit the grant of any lien on or assignment of any
Restricted Asset to the extent that the Uniform Commercial Code or any other applicable law provides that such grant of a lien or assignment is effective regardless of any prohibitions on such grant provided in any Restricted Asset (or the
underlying documents related thereto); (l) any asset subject to a purchase money security interest, Capital Lease Obligation or Lien under a similar financing arrangement permitted under this Agreement to the extent the grant of a Lien on such
asset under the Security Documents would (i) result in a breach or violation of, or constitute a default under, the agreement or instrument governing such purchase money or other financing arrangement or Capital Lease Obligation,
(ii) result in the loss of use of such asset or (iii) permit the other party to such arrangement or Capital Lease Obligation to terminate the Borrower’s or any Subsidiary’s right to use such asset; (m) the Equity Interests
and assets of the TEB Trust; (n) the assets or Equity Interests of any joint venture permitted under this Agreement to the extent and for so long as the granting of security interests in such assets or Equity

  
 20 

 
Interests would be prohibited by the Organizational Documents or shareholder agreements or similar contracts between the owners of the Equity Interests of such joint venture, (o) any
Commercial Tort Claim with a value of less than $1,000,000 and (p) any assets held by the Borrower in its accounts designated as “Work Site Employee Assets”. 
 “Excluded Equity Interests” means (a) any Equity Interests that consist of voting stock of a Subsidiary that is a CFC or a CFC Holding Company in excess of 65% of the outstanding
voting stock (or 65% of the outstanding Equity Interests in the case of an entity that is not a corporation for U.S. tax purposes) of such Subsidiary (excluding, for the avoidance of doubt Equity Interests in Pass-Through Foreign Subsidiaries
directly owned by Loan Parties), (b) any Equity Interests if, to the extent, and for so long as, the grant of a Lien thereon to secure the Obligations is effectively prohibited by any Requirements of Law; provided that such Equity
Interest shall cease to be an Excluded Equity Interest at such time as such prohibition ceases to be in effect, and (c) Equity Interests in joint ventures permitted under this Agreement to the extent and for so long as the granting of security
interests in such Equity Interests would be prohibited by the Organizational Documents or shareholder agreements or similar contracts between the owners of the Equity Interests of such joint venture; provided that such Equity Interest shall
cease to be an Excluded Equity Interest at such time as such prohibition ceases to be in effect. 
 “Excluded
Lender” means any Lender that has become the subject of a Bankruptcy Event or has had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with
reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be an Excluded Lender
solely by virtue of the ownership or acquisition of any equity interest in that Lender or its Lender Parent 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 an Excluded Lender shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be an Excluded Lender upon delivery of written notice of such
determination to the Borrower and each other Lender. 
 “Excluded Sources” means (a) proceeds of any
incurrence or issuance of Long-Term Indebtedness, Capital Lease Obligations or Synthetic Lease Obligations, (b) the Net Proceeds of any Disposition of assets made outside the ordinary course of business, and (c) proceeds of any issuance or
sale of Equity Interests in Holdings, the Borrower or any Subsidiary, or any capital contributions to Holdings, the Borrower or any Subsidiary (other than, in each case, issuances or sales to, or contributions made by, Holdings, the Borrower or any
Subsidiary). 

  
 21 

 “Excluded Subsidiary” means (a) any Domestic Subsidiary that is not a
wholly-owned Significant Subsidiary, (b) any Subsidiary that is a CFC, a CFC Holding Company or a Pass-Through Foreign Subsidiary (and accordingly, in no event shall a CFC, a CFC Holding Company or a Pass-Through Foreign Subsidiary be required
to enter into any Security Document or pledge any assets hereunder), (c) any Subsidiary that is prohibited by Requirements of Law from guaranteeing the Obligations and (d) the TEB Trust; provided that any Subsidiary (other than the
TEB Trust) shall cease to be an Excluded Subsidiary at such time as none of clauses (a), (b) or (c) above apply to it. 
 “Excluded Taxes” means any of the following Taxes imposed on or with respect to a Credit Party or required to be withheld or deducted from a payment to a Credit Party: (a) Taxes
imposed on or measured by net income (however denominated), franchise Taxes and branch profits Taxes, in each case, (i) imposed as a result of such Credit Party being organized under the laws of, or having its principal office or, in the case
of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. Federal withholding Taxes imposed
on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than
pursuant to an assignment request by the Borrower under Section 2.19(b)) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.17, amounts with respect to such Taxes were payable
either to such Lender’s assignor immediately before such Lender acquired the applicable interest in such Loan or Borrowing or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Credit
Party’s failure to comply with Section 2.17(f) and (d) any U.S. Federal withholding Taxes imposed under FATCA. 

“Existing Credit Agreement” means the Amended and Restated Credit Agreement dated as of October 24, 2012, among
TriNet HR Corporation and SOI Holdings, Inc., as borrowers, Holdings and certain Subsidiaries, as guarantors, the lenders party thereto and KeyBank National Association, as administrative agent, as amended and in effect on the date hereof.

 “Fair Labor Standards Act” means the Fair Labor Standards Act, 29 U.S.C. §§ 201 et seq.

 “FATCA” means Sections 1471 through 1474 of the Code, as of the date hereof (including any amended or
successor version thereof that is substantively comparable and not materially more onerous to comply with), and any current or future regulations or official interpretations thereof. 

“Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next
1/100 of 1%) of the rates on overnight Federal funds transactions with members 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, or, if
such rate is not so published for any day that is a 

  
 22 

 
Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal
funds brokers of recognized standing selected by it. 
 “Financial Officer” means, with respect to any Person,
the chief financial officer, principal accounting officer, treasurer or controller of such Person. 
 “First Lien
Alternative Incremental Facility Indebtedness” means “Alternative Incremental Facility Indebtedness”, as defined in the First Lien Credit Agreement (as in effect on the Effective Date, without giving effect to any amendment or
waiver thereof or of any defined term used therein) incurred pursuant to Section 6.01(a)(xiii) thereof and in compliance with Section 6.01(a)(xiv) hereof. 
 “First Lien Credit Agreement” means the First Lien Credit Agreement dated as of the date hereof, among the Borrower, Holdings, the financial institutions parties thereto, as lenders, and
JPMorgan Chase Bank, N.A., as administrative agent. 
 “First Lien Incremental Facility Indebtedness” means
Indebtedness incurred pursuant to Section 2.21 of the First Lien Credit Agreement (as in effect on the Effective Date, without giving effect to any amendment or waiver thereof or of any defined term used therein) and in compliance with
Section 6.01(a)(xiv) hereof. 
 “First Lien Loan Document Obligations” means the “Loan Document
Obligations” as defined in the First Lien Credit Agreement (as in effect on the Effective Date, without giving effect to any amendment or waiver thereof or of any defined term used therein). 

“First Lien Leverage Ratio” means, on any date, the ratio of (a) Consolidated First Lien Debt as of such date
minus the lesser of Available Domestic Cash as of such date and $50,000,000 to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of Holdings most recently ended on or prior to such date in respect of which
financial statements have been delivered pursuant to Section 5.01(a) or (b). 
 “First Lien/Second Lien
Intercreditor Agreement” means the First Lien/Second Lien Intercreditor Agreement substantially in the form of Exhibit G-1. 
 “First Lien Security Documents” means the collateral agreements, security agreements, pledge agreements, mortgages and each other security agreement or other instrument or document
executed and delivered pursuant to the First Lien Credit Agreement to create or perfect Liens that secure the obligations of the Loan Parties under the First Lien Credit Agreement, all of which are Liens subject to the First Lien/Second Lien
Intercreditor Agreement. 
 “Foreign Lender” means any Lender that is not a U.S. Person. 

“Foreign Pension Plan” means any benefit plan that under applicable law of any jurisdiction other than the United States
is required to be funded through a trust or 

  
 23 

 
other funding vehicle other than a trust or funding vehicle maintained exclusively by a Governmental Authority. 
 “Foreign Pledge Agreement” means a pledge or charge agreement granting a Lien on Equity Interests in a Foreign Subsidiary to secure the Obligations, governed by the law of the
jurisdiction of organization of such Foreign Subsidiary and in form and substance necessary to create and perfect in the applicable jurisdiction the Lien of the Administrative Agent. 

“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary. 

“GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time.

 “GAAP Working Capital” means, at any date of determination, (a) the consolidated current assets of
Holdings and the Subsidiaries as of such date minus (b) the consolidated current liabilities of Holdings and the Subsidiaries as of such date, in each case calculated in accordance with GAAP. 

“General Atlantic” means investment entities managed by or that are Controlled Affiliates of General Atlantic LLC.

 “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 state or local, 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 body exercising such powers or functions, such as the European Union or the European Central Bank).

 “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 or other obligation 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 other obligation 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 or other obligation 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 other obligation or (d) as an account party in respect of any letter of credit or letter of
guaranty issued to support such Indebtedness or other obligation; provided that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary 

  
 24 

 
course of business. The amount, as of any date of determination, of any Guarantee shall be the principal amount outstanding on such date of the Indebtedness or other obligation guaranteed thereby
(or, in the case of (i) any Guarantee the terms of which limit the monetary exposure of the guarantor or (ii) any Guarantee of an obligation that does not have a principal amount, the maximum monetary exposure as of such date of the
guarantor under such Guarantee (as determined, in the case of clause (i), pursuant to such terms or, in the case of clause (ii), reasonably and in good faith by a Financial Officer of the Borrower)). The term “Guarantee” used as a verb has
a corresponding meaning. 
 “Hazardous Materials” means all explosive, radioactive, hazardous or toxic
substances, materials, wastes or other pollutants, including petroleum or petroleum by-products or distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, or wastes which are regulated pursuant to any
Environmental Law. 
 “Hedging Agreement” means any agreement with respect to any swap, forward, future or
derivative transaction, or any option or similar agreement, involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt securities or instruments, or economic, financial or pricing indices or measures of
economic, financial or pricing risk or value or any similar transaction or any combination of the foregoing transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or
former directors, officers, employees or consultants of Holdings, the Borrower or any Subsidiary shall be a Hedging Agreement. 

“Hedging Obligations” means, with respect to any Person, the obligations of such Person under any Hedging Agreements.

 “Holdings” means TriNet Group, Inc., a Delaware corporation. 

“Incremental Facility Amendment” means an amendment to this Agreement among Holdings, the Borrower, the Administrative
Agent and one or more Incremental Term Lenders, establishing Incremental Term Commitments of any Series and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.21. 

“Incremental Term Commitment” means, with respect to any Lender, the commitment, if any, of such Lender, established
pursuant to an Incremental Facility Amendment and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by
such Lender. 
 “Incremental Term Facility” means an incremental term loan facility established hereunder
pursuant to an Incremental Facility Amendment providing for Incremental Term Commitments. 
 “Incremental Term
Lender” means a Lender with an Incremental Term Commitment or an outstanding Incremental Term Loan. 

  
 25 

 “Incremental Term Loan” means a Loan made by an Incremental Term Lender to
the Borrower pursuant to Section 2.21. 
 “Incremental Term Loan Maturity Date” means, with respect to
Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Amendment. 

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money or
with respect to deposits or advances of any kind, (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 (excluding, for the avoidance of doubt, trade accounts payable incurred in the ordinary course of business), (d) all obligations of such Person in respect of the deferred purchase price of
property or services (excluding trade accounts payable, deferred compensation arrangements for employees, directors and officers and other accrued obligations, in each case incurred in the ordinary course of business), (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
by such Person, (f) all Guarantees by such Person of Indebtedness of others, (g) all Capital Lease Obligations of such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of
credit and letters of guaranty, (i) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances and (j) all Disqualified Equity Interests in such Person, valued, as of the date of determination, at the
greater of (i) the maximum aggregate amount that would be payable upon maturity, redemption, repayment or repurchase thereof (or of Disqualified Equity Interests or Indebtedness into which such Disqualified Equity Interests are convertible or
exchangeable) and (ii) the maximum liquidation preference of such Disqualified Equity Interests. The Indebtedness of any Person shall include the Indebtedness of any other Person (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 other Person, except to the extent the terms of such Indebtedness expressly provide that such Person is not
liable therefor. Notwithstanding the foregoing, the term “Indebtedness” shall not include (i) purchase price adjustments, earnouts, holdbacks or deferred payments of a similar nature (including deferred compensation representing
consideration or other contingent obligations incurred in connection with an acquisition), except in each case to the extent that such amount payable is, or becomes, reasonably determinable and contingencies have been resolved or such amount would
otherwise be required to be reflected on a balance sheet prepared in accordance with GAAP; (ii) current accounts payable incurred in the ordinary course of business, (iii) obligations in respect of non-competes and similar agreements, and
(iv) licenses and operating leases. The amount of Indebtedness of any Person for purposes of clause (e) above shall (unless such Indebtedness has been assumed by such Person or such Person has otherwise become liable for the payment
thereof) be deemed to be equal to the lesser of (i) the aggregate 

  
 26 

 
unpaid amount of such Indebtedness and (ii) the fair market value of the property encumbered thereby as determined by such Person in good faith. 

“Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by
or on account of any obligation of any Loan Party under this Agreement or any other Loan Document and (b) to the extent not otherwise described in clause (a) of this definition, Other Taxes. 

“Indemnitee” has the meaning set forth in Section 9.03(b). 

“Initial Lender” means each of JPMorgan Chase Bank, N.A, Morgan Stanley Senior Funding, Inc., Bank of America, N.A.,
Deutsche Bank AG New York Branch and KeyBank National Association. 
 “Intellectual Property” means all
intellectual and similar property of every kind and nature now owned or hereafter acquired by Holdings or any Subsidiary, including inventions, designs, patents, copyrights, licenses, trademarks, trade secrets, domain names, confidential or
proprietary technical and business information, know-how, show-how or other data or information, software and databases and all embodiments or fixations thereof and related documentation, registrations and franchises, and all additions, improvements
and accessions to, and books and records describing or used in connection with, any of the foregoing. 
 “Intercompany
Note” means the Subordinated Intercompany Note substantially in the form of Exhibit F hereto. 

“Interest Election Request” means a request by the Borrower to convert or continue a Borrowing in accordance with
Section 2.07, which shall be, in the case of any such written request, substantially in the form of Exhibit H. 

“Interest Payment Date” means (a) with respect to any ABR Loan, the last day of each March, June, September and
December and (b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurodollar Borrowing with an Interest Period of more than three
months’ duration, such day or days prior to the last day of such Interest Period as shall occur at intervals of three months’ duration after the first day of such Interest Period. 

“Interest Period” means, with respect to any Eurodollar Borrowing, the period commencing on the date of such
Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months thereafter (or, to the extent made available by all Lenders of the Class participating therein, twelve months thereafter), as
the Borrower may elect; provided that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall
in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day, and (b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding 

  
 27 

 
day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing
initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 
 “Investment” means, with respect to a specified Person, (i) any Equity Interests, evidences of Indebtedness or other securities (including any option, warrant or other right to
acquire any of the foregoing) of, or any capital contribution or loans or advances (other than advances made in the ordinary course of business that would be recorded as accounts receivable on the balance sheet of the specified Person prepared in
accordance with GAAP) to, Guarantees of any Indebtedness or other obligations of, or any other investment in, any other Person that are held or made by the specified Person and (ii) the purchase or acquisition (in one transaction or a series of
related transactions) of all or substantially all the property and assets or business of another Person or assets constituting a business unit, line of business, division or product line of such other 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 (excluding any portion thereof representing paid-in-kind interest or principal accretion), 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 determined in accordance
with the definition of the term “Guarantee”, (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 value (as determined reasonably and in good faith by the Borrower in accordance with GAAP) of such Equity Interests or other property as of the time of the transfer, minus any payments actually received in cash, or
other property that has been converted into cash or is readily marketable for cash, by such specified Person representing a return of capital of such Investment, but without any 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 transfer, (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, other securities or assets of any other Person shall be the original cost of such Investment (including any Indebtedness assumed in connection therewith), plus the
cost of all additions, as of such date, thereto, and minus the amount, as of such date, of any portion of such Investment repaid to the investor in cash as a repayment of principal or a return of capital, as the case may be, 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 (e) any Investment (other than any Investment referred to in clause (a), (b),
(c) or (d) above) by the specified Person in any other Person resulting from the issuance by such other Person of its Equity Interests to the specified Person shall be the fair value (as determined reasonably and in good faith by the chief
financial officer of the Borrower) of such Equity Interests at the time of the issuance thereof. For purposes of Section 6.04, 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; 

  
 28 

 
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.

 “Investment Company Act” means the U.S. Investment Company Act of 1940, as amended. 

“IPO” means a bona fide underwritten initial public offering of voting common Equity Interests of Holdings (or of a
Qualified IPO Parent) newly issued by Holdings (or such Qualified IPO Parent), pursuant to a registration statement filed with the SEC under the Securities Act of 1933, excluding any such offering effected on Form S-8 or otherwise made with respect
to or for the benefit of employee plans. 
 “IRS” means the United States Internal Revenue Service. 

“Latest Maturity Date” means at any date of determination, the latest Maturity Date applicable to any Loan hereunder at
such time, including any Maturity Date that has been extended from time to time in accordance with this Agreement. 

“Lender Parent” means, with respect to any Lender, any Person in respect of which such Lender is a subsidiary.

 “Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have become a party
hereto pursuant to an Assignment and Assumption or an Incremental Facility Amendment, other than any such Person that shall have ceased to be a party hereto pursuant to an Assignment and Assumption. 

“LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing on Reuters
Screen LIBOR01 Page (or on any successor or substitute page on such screen) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for dollar deposits in the London interbank market
with a maturity comparable to such Interest Period. In the event that such rate does not appear on such page (or on any such successor or substitute page), the “LIBO Rate” shall be determined by reference to such other publicly available
service for displaying interest rates for dollar deposits in the London interbank market as may be selected by the Administrative Agent or, in the absence of such availability, by reference to the rate at which dollar deposits of $5,000,000 and for
a maturity comparable to such Interest Period are offered by the principal London office of JPMorgan Chase Bank, N.A. in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to
the commencement of such Interest Period. Notwithstanding the foregoing, if the LIBO Rate determined in accordance with this definition is below zero, the LIBO Rate shall be deemed to be zero. 

“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, charge,
security interest or other encumbrance on, in or of such asset, including any agreement to provide any of the foregoing, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or Synthetic Lease

  
 29 

 
Obligations or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of
securities, any purchase option, call or similar right of a third party with respect to such securities. 
 “Loan
Documents” means this Agreement, any Incremental Facility Amendment, any Refinancing Facility Agreement, any Loan Modification Agreement, the Collateral Agreement, the Intercompany Note, the other Security Documents, the First Lien/Second
Lien Intercreditor Agreement, the Pari Passu Second Lien Intercreditor Agreement (upon the effectiveness thereof) and, except for purposes of Section 9.02, any promissory notes delivered pursuant to Section 2.09(c) (and, in each case, any
amendment, restatement, waiver, supplement or other modification to any of the foregoing). 
 “Loan Modification
Agreement” means a Loan Modification Agreement among Holdings, the Borrower, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted Amendments and such other amendments hereto and to the other Loan
Documents as are contemplated by Section 2.23. 
 “Loan Modification Offer” has the meaning set forth in
Section 2.23(a). 
 “Loan Parties” means Holdings, the Borrower and each Subsidiary Loan Party.

 “Loans” means the loans made by the Lenders to the Borrower pursuant to this Agreement, including pursuant
to any Incremental Facility Amendment or any Refinancing Facility Agreement. 
 “Long-Term Indebtedness” means
any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability. 

“Majority in Interest”, when used in reference to Lenders of any Class, means, at any time, Lenders other than Excluded
Lenders holding outstanding Loans of such Class representing more than 50% of the aggregate principal amount of all Loans of such Class outstanding at such time (other than Loans of Excluded Lenders). 

“Management Group” means the group consisting of the directors, executive officers and other executive management
personnel of Holdings and its Significant Subsidiaries on the Effective Date together with (x) any new directors whose election by such boards of directors or whose nomination for election by the shareholders of Holdings was approved by a vote
of a majority of the directors of Holdings or the applicable Subsidiary then still in office who were either directors on the Effective Date or whose election or nomination was previously so approved and (y) executive officers of Holdings and
such Significant Subsidiaries, as the case may be, hired at a time when the directors on the Effective Date together with the directors so approved constituted a majority of the directors of Holdings or the applicable Significant Subsidiary.

  
 30 

 “Material Acquisition” means any acquisition, or a series of related
acquisitions, of (a) Equity Interests in any Person if, after giving effect thereto, such Person will become a Subsidiary or (b) assets comprising 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 the aggregate consideration therefor (including Indebtedness assumed in connection therewith, all obligations in respect of deferred purchase price
(including obligations under any purchase price adjustment, as estimated in good faith by the Borrower, but excluding earnout, contingent payment or similar payments) and all other consideration payable in connection therewith (including payment
obligations in respect of noncompetition agreements or other arrangements representing acquisition consideration)) exceeds $5,000,000. 
 “Material Adverse Effect” means an event or condition that has resulted, or could reasonably be expected to result, in a material adverse effect on (a) the business, assets,
operations or financial condition of Holdings, the Borrower and the Subsidiaries, taken as a whole, (b) the ability of Holdings, the Borrower and the other Loan Parties, taken as a whole, to perform their payment obligations under the Loan
Documents or (c) the rights and remedies of the Administrative Agent and the Lenders under the Loan Documents. 

“Material Disposition” means any Disposition, or a series of related Dispositions, of (a) all or substantially all
the issued and outstanding Equity Interests in any Person that are owned by Holdings, the Borrower or any Subsidiary or (b) assets comprising 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 the aggregate consideration therefor (including Indebtedness assumed by the transferee in connection therewith, all obligations in respect of deferred purchase
price (including obligations under any purchase price adjustment, as estimated in good faith by the Borrower, but excluding earnout, contingent payment or similar payments) and all other consideration payable in connection therewith (including
payment obligations in respect of noncompetition agreements or other arrangements representing acquisition consideration)) exceeds $5,000,000. 
 “Material Indebtedness” means Indebtedness (other than the Loans and Guarantees under the Loan Documents) or Hedging Obligations, of any one or more of Holdings, the Borrower and the
Subsidiaries in an aggregate principal amount of $15,000,000 or more. For purposes of determining Material Indebtedness, the “principal amount” of any Hedging Obligation at any time shall be the maximum aggregate amount (giving effect to
any netting agreements) that Holdings, the Borrower or such Subsidiary would be required to pay if the applicable Hedging Agreement were terminated at such time. 
 “Material Subsidiary” has the meaning set forth in Section 7.01. 
 “Maturity Date” means, in the case of the Loans made hereunder on the Effective Date, February 20, 2021, and with respect to any Series of Incremental Term Loans made hereunder, the
Incremental Term Loan Maturity Date with respect thereto, 

  
 31 

 
and any extended maturity date with respect to all or a portion of any Class of Loans hereunder pursuant to a Refinancing Facility Agreement or a Loan Modification Agreement, in each case as the
context requires. 
 “Maximum Incremental Amount” means (a) the Base Incremental Amount plus
(b) such additional amount represented by Incremental Term Facility Indebtedness to be established pursuant to Section 2.21 or Alternative Incremental Facility Indebtedness to be incurred pursuant to Section 6.01(a)(xiii), as the case
may be, that would not, immediately after giving effect to the establishment or incurrence thereof, cause the Total Leverage Ratio, calculated on a Pro Forma Basis as of the date of incurrence of such Indebtedness (excluding the cash proceeds of the
incurrence of any such Indebtedness but including the use of proceeds from any such Indebtedness), but including for purposes of such calculation all such Alternative Incremental Facility Indebtedness (and any Refinancing Indebtedness in respect
thereof), to exceed 5.00 to 1.00. 
 “Maximum Rate” has the meaning set forth in Section 9.13. 

“Minimum Extension Condition” has the meaning set forth in Section 2.23(a). 

“MNPI” means material information concerning Holdings, the Borrower, any Subsidiary or any Affiliate of any of the
foregoing or their securities that has not been disseminated in a manner making it available to investors generally, within the meaning of Regulation FD under the Securities Act and the Exchange Act. For purposes of this definition, “material
information” means information concerning Holdings, the Borrower, the Subsidiaries or any Affiliate of any of the foregoing or any of their securities that could reasonably be expected to be material for purposes of the United States Federal
and State securities laws and, where applicable, foreign securities laws. 
 “Moody’s” means Moody’s
Investors Service, Inc., and any successor to its rating agency business. 
 “Mortgage” means a mortgage, deed
of trust, assignment of leases and rents or other security document granting a Lien on any Mortgaged Property to secure the Obligations. Each Mortgage shall be in form and substance reasonably satisfactory to the Administrative Agent. 

“Mortgaged Property” means each parcel of real property owned in fee by a Loan Party, and the improvements thereto, that
(together with such improvements) has a book or fair value of $5,000,000 or more, subject to the limitations in the definition of the term “Collateral and Guarantee Requirement”. 

“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 cash proceeds (which term, for purposes of this
definition, shall include cash equivalents) (including, in 

  
 32 

 
the case of any casualty, condemnation or similar proceeding, insurance, condemnation or similar proceeds) received in respect of such event, including any cash received in respect of any noncash
proceeds, but only as and when received, net of (b) the sum, without duplication, of (i) all fees and out-of-pocket expenses paid in connection with such event by the Holdings and the Subsidiaries, (ii) in the case of a Disposition
(including pursuant to a Sale/Leaseback Transaction or a casualty or a condemnation or similar proceeding) of an asset, (A) the amount of all payments required to be made by Holdings, the Borrower and the Subsidiaries as a result of such event
to repay Indebtedness (other than Loans) secured by such asset, (B) the pro rata portion of net cash proceeds thereof (calculated without regard to this subclause (B)) attributable to minority interests and not available for distribution to or
for the account of Holdings and the Subsidiaries as a result thereof, and (C) the amount of any liabilities directly associated with such asset and retained by Holdings or any Subsidiary and (iii) the amount of all taxes paid (or
reasonably estimated to be payable) by Holdings, the Borrower and the Subsidiaries (including any taxes paid or payable in connection with transferring or distributing any such amounts to Holdings or the Borrower), and the amount of any reserves
established by Holdings, the Borrower and the Subsidiaries in accordance with GAAP to fund purchase price adjustment, indemnification and similar contingent liabilities (other than any earnout, holdback or similar obligations) reasonably estimated
to be payable and that are directly attributable to the occurrence of such event (as determined reasonably and in good faith by the chief financial officer of the Borrower). For purposes of this definition, in the event any contingent liability
reserve established with respect to any event as described in clause (b)(iii) above shall be reduced in an aggregate amount equal to or greater than $100,000, the amount of such reduction shall, except to the extent such reduction is made as a
result of a payment having been made in respect of the contingent liabilities with respect to which such reserve has been established, be deemed to be receipt, on the date of such reduction, of cash proceeds in respect of such event. 

“Net Working Capital” means, at any date of determination, (a) the consolidated current assets of Holdings and the
Subsidiaries as of such date (excluding cash and Permitted Investments) minus (b) the consolidated current liabilities of Holdings and the Subsidiaries as of such date (excluding current liabilities in respect of Consolidated Total
Debt). Net Working Capital at any date may be a positive or negative number. Net Working Capital increases when it becomes more positive or less negative and decreases when it becomes less positive or more negative. 

“Non-Cash Charges” means any noncash charges, including (a) any write-off for impairment of long lived assets
(including goodwill, intangible assets and fixed assets such as property, plant and equipment), or of deferred financing fees or investments in debt and equity securities, in each case, pursuant to GAAP, (b) non-cash expenses resulting from the
grant of stock options, restricted stock awards or other equity-based incentives to any director, officer or employee of the Borrower or any Subsidiary (excluding, for the avoidance of doubt, any cash payments of income taxes made for the benefit of
any such Person in consideration of the surrender of any portion of such options, stock or other incentives upon the exercise or vesting thereof), (c) any non-cash charges resulting from (i) the application of purchase accounting or
(ii)

  
 33 

 
investments in minority interests in a Person, to the extent that such investments are subject to the equity method of accounting; provided that Non-Cash Charges shall not include
additions to bad debt reserves or bad debt expense and any noncash charge that results from the write-down or write-off of accounts receivable, and (d) the non-cash impact of accounting changes or restatements. 

“Non-Compliant Assets” has the meaning set forth in the definition of Permitted Acquisition. 

“Non-Compliant Subsidiary” has the meaning set forth in the definition of Permitted Acquisition. 

“Non-Consenting Lender” has the meaning set forth in Section 9.02(c). 

“Obligations” means (a) the due and punctual payment by the Borrower of (i) the principal of and interest
(including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by
acceleration, upon one or more dates set for prepayment or otherwise and (ii) all other monetary obligations of the Borrower under this Agreement and each of the other Loan Documents, including obligations to pay fees, expense reimbursement
obligations (including with respect to attorneys’ fees) and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy,
insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual performance of all other obligations of the Borrower under or pursuant to this Agreement and each of
the other Loan Documents and (c) the due and punctual payment and performance of all the obligations of each other Loan Party under or pursuant to each of the Loan Documents (including monetary obligations incurred during the pendency of any
bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding). 
 “Organizational Documents” means (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents
with respect to any non-U.S. jurisdiction), (b) with respect to any limited liability company, the certificate or articles of formation or organization and operating agreement, and (c) with respect to any partnership, joint venture, trust
or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and, if applicable, any agreement, instrument, filing or notice with respect thereto filed in connection with its formation
or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity. 

“Other Connection Taxes” means, with respect to any Credit Party, Taxes imposed as a result of a present or former
connection between such Credit Party and the jurisdiction imposing such Taxes (other than a connection arising from such Credit Party having executed, delivered, enforced, become a party to, performed its obligations under,

  
 34 

 
received payments under, received or perfected a security interest under, or engaged in any other transaction pursuant to, or enforced by, this Agreement). 

“Other First Lien Secured Indebtedness” means, at any time, all First Lien Alternative Incremental Facility
Indebtedness, all Permitted First Priority Refinancing Indebtedness and all Refinancing Indebtedness in respect thereof that, in each case, is secured by the Collateral on a first lien basis in accordance with the First Lien/Second Lien
Intercreditor Agreement. 
 “Other Second Lien Secured Indebtedness” means, at any time, all Alternative
Incremental Facility Indebtedness, all Permitted Second Priority Refinancing Indebtedness and all Refinancing Indebtedness in respect thereof that, in each case, is secured by the Collateral on a pari passu basis with the Obligations in
accordance with the Second Lien Pari Passu Intercreditor Agreement. 
 “Other Taxes” means any present or
future stamp, court, documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, or from the registration, receipt or perfection of a
security interest under, or otherwise with respect to, this Agreement or any other Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment under Section 2.19(b)).

 “Pari Passu Second Lien Intercreditor Agreement” means the Pari Passu Second Lien Intercreditor Agreement
substantially in the form of Exhibit G-2. 
 “Participant Register” has the meaning set forth in
Section 9.04(c). 
 “Participants” has the meaning set forth in Section 9.04(c)(i). 

“Pass-Through Foreign Subsidiary” means any Foreign Subsidiary, other than a CFC Holding Company, that (i) is
treated as a partnership under the Code or (ii) is not treated as an entity that is separate from (x) a Loan Party that directly holds Equity Interests in such Foreign Subsidiary, (y) any Subsidiary that is treated as a partnership
under the Code, or (z) any “United States person”, as defined in Section 7701(a)(30) of the Code (or any successor provision). 
 “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA. 
 “Perfection Certificate” means a certificate substantially in the form of Exhibit I-1. 
 “Permitted Acquisition” means the purchase or other acquisition, by merger or otherwise, by Holdings, the Borrower or any Subsidiary of substantially all the 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 if (a) in the case of any purchase or other acquisition of Equity Interests in a

  
 35 

 Person, such Person and each subsidiary of such Person is (except to the extent permitted
below in the case of foreign and other Subsidiaries that will not become Loan Parties) organized under the laws of the United States of America, any State thereof or the District of Columbia and, upon the consummation of such acquisition, will be a
wholly-owned Subsidiary that is a Domestic Subsidiary (including as a result of a merger or consolidation between any Subsidiary and such Person) and will be or become a Subsidiary Loan Party as required under the Collateral and Guarantee
Requirement or (b) in the case of any purchase or other acquisition of assets other than Equity Interests, such assets will be owned by Holdings, the Borrower or a Subsidiary Loan Party; provided that (i) such purchase or
acquisition was not consummated pursuant to, an unsolicited tender offer or proxy contest initiated by or on behalf of Holdings or any Subsidiary, (ii) all transactions related thereto are consummated in accordance with applicable law, except
to the extent the failure to do so could not reasonably be expected to result in a Material Adverse Effect, (iii) the business of such Person, or such assets, as the case may be, constitute a business permitted under Section 6.03(b),
(iv) with respect to each such purchase or other acquisition, all actions required to be taken with respect to each newly created or acquired Subsidiary or assets in order to satisfy the requirements set forth in the definition of the term
“Collateral and Guarantee Requirement” shall be taken within the required time periods for satisfaction of such requirements set forth therein, (v) at the time of and immediately after giving effect to any such purchase or other
acquisition, (A) no Default shall have occurred and be continuing or would result therefrom and (B) the Total Leverage Ratio, calculated on a Pro Forma Basis, shall be less than 5.25 to 1.00 and (vi) if such purchase or other
acquisition is a Material Acquisition, Holdings and the Borrower shall have delivered to the Administrative Agent a certificate of a Financial Officer of Holdings and the Borrower, certifying that all the requirements set forth in this definition
have been satisfied with respect to such purchase or other acquisition, together with reasonably detailed calculations demonstrating satisfaction of the requirement set forth in clauses (v)(B) and (v)(C) above. Any pro forma calculations required in
respect of clause (v)(B) or (C) above shall be made as of the last day of, or for, the period of four consecutive fiscal quarters of Holdings then most recently ended for which financial statements have been delivered pursuant to
Section 5.01(a) or 5.01(b) (or prior to the first delivery of any such financial statements, as of the last day of, or period of four consecutive fiscal quarters ending with the last day of, the most recent fiscal quarter included in the
financial statements referred to in Section 3.04(a)). Notwithstanding the foregoing, a Permitted Acquisition of a Person that will become a Loan Party may include the indirect acquisition of Non-Compliant Subsidiaries or Non-Compliant Assets if
the consideration allocable to the acquisition of such Non-Compliant Subsidiaries or such Non-Compliant Assets, as applicable (determined in accordance with GAAP and as reasonably estimated by a Financial Officer of Holdings at the time such
Permitted Acquisition is consummated) consists of the issuance of Qualified Equity Interests of Holdings; provided that all or any portion of the consideration for the acquisition of any Non-Compliant Subsidiaries and/or any Non-Compliant
Assets that cannot be made pursuant to the foregoing provisions of this definition may also be funded in an amount not in excess of the amount, including the Available ECF Amount and the amount of Qualifying Equity Proceeds, then available for
Investments under Section 6.04(s). For purposes of this definition, “Non-Compliant Subsidiary” means any Subsidiary of a 

  
 36 

 
Person acquired pursuant to a Permitted Acquisition that will not become a Subsidiary Loan Party in accordance with the requirements of clause (a) of this definition, and
“Non-Compliant Assets” means any assets acquired pursuant to a Permitted Acquisition to be held by a Subsidiary that is not a Subsidiary Loan Party. 
 “Permitted Amendment” means an amendment to this Agreement and the other Loan Documents, effected in connection with a Loan Modification Offer pursuant to Section 2.23, providing for
an extension of the Maturity Date applicable to the Loans of the Accepting Lenders of a relevant Class and, in connection therewith, may also provide for (a)(i) a change in the Applicable Rate with respect to the Loans of the Accepting Lenders
subject to such Permitted Amendment and/or (ii) a change in the fees payable to, or the inclusion of new fees to be payable to, the Accepting Lenders in respect of such Loans, and/or (b) other changes to the terms and conditions in respect
of such Loans after the Maturity Date in respect thereof prior to giving effect to any extended maturity date effected pursuant to such Loan Modification Agreement. 
 “Permitted Encumbrances” means: 
 (a) Liens
imposed by law for Taxes that are not yet due or are being contested in compliance with Section 5.05; 
 (b)
carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, landlords’ and other like Liens imposed by law (other than any Lien imposed pursuant to Section 430(k) of the Code or Section 303(k) of ERISA
or a violation of Section 436 of the Code), arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are being contested in compliance with Section 5.05; 

(c) (i) Liens (including deposits and pledges) arising in the ordinary course of business in connection with
worker’s compensation, unemployment insurance, old age pensions and social security benefits and similar statutory obligations (excluding Liens arising under ERISA) and (ii) pledges and deposits in respect of letters of credit, bank
guarantees or similar instruments issued for the account of Holdings or any Subsidiary in the ordinary course of business supporting obligations of the type set forth in clause (c)(i) above; 

(d) pledges and deposits made (i) to secure the performance of bids, trade and commercial contracts (other than for
payment of Indebtedness), leases (other than Capital Lease Obligations), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business, (ii) in respect
of letters of credit, bank guarantees or similar instruments issued for the account of Holdings or any Subsidiary in the ordinary course of business supporting obligations of the type set forth in clause (d)(i) above, and (iii) in respect of
capital requirements required by the Bermuda Monetary Authority in connection with Holding’s captive insurance program; 

  
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 (e) judgment liens in respect of judgments that do not constitute an Event
of Default under clause (j) of Section 7.01; 
 (f) survey exceptions, easements, zoning restrictions,
rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course of business, and other minor title imperfections with respect to real property, that in any case do not secure any monetary obligations and do
not materially detract from the value of the affected property or interfere with the ordinary conduct of business of the Borrower or any Subsidiary; 
 (g) Liens arising from Permitted Investments described in clause (d) of the definition of the term Permitted Investments; 

(h) banker’s liens, rights of setoff or similar rights and remedies as to deposit accounts or other funds maintained
with depository institutions and securities accounts and other financial assets maintained with a securities intermediary; provided that such deposit accounts or funds and securities accounts or other financial assets are not established or
deposited for the purpose of providing collateral for any Indebtedness and are not subject to restrictions on access by Holdings, the Borrower or any Subsidiary in excess of those required by applicable banking regulations; 

(i) Liens arising by virtue of Uniform Commercial Code financing statement filings (or similar filings under applicable
law) regarding operating leases entered into by Holdings, the Borrower and the Subsidiaries in the ordinary course of business; 
 (j) Liens of a collecting bank arising in the ordinary course of business under Section 4-208 (or the applicable corresponding section) of the Uniform Commercial Code in effect in the relevant
jurisdiction covering only the items being collected upon; 
 (k) Liens representing any interest or title of a
licensor, lessor or sublicensor or sublessor, or a licensee, lessee or sublicensee or sublessee, in the property subject to any lease, license or sublicense or concession agreement entered into in the ordinary course of business; 

(l) 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; 
 (m) Liens that are contractual rights of set-off; and 

(n) Liens solely on any deposits, advances, contractual payments, including implementation allowances, or escrows made or
paid to or with customers or clients or in connection with insurance arrangements, in each case, in the ordinary course of business; 

  
 38 

 provided that the term “Permitted Encumbrances” shall not include any Lien securing
Indebtedness, other than Liens referred to clauses (c) and (d) above securing letters of credit, bank guarantees or similar instruments. 
 “Permitted First Priority Refinancing Indebtedness” has the meaning set forth in the First Lien Credit Agreement. 
 “Permitted Holders” means General Atlantic and the Management Group. 
 “Permitted Investments” means: 
 (a) direct
obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United
States of America), in each case maturing within one year from the date of acquisition thereof or, solely in the case of Investments in amounts and with maturities intended to correspond to obligations that will become payable in connection with
workers compensation obligations, maturing not more than three years from the date of acquisition thereof; 
 (b)
investments in commercial paper maturing within 270 days from the date of acquisition thereof and having, at such date of acquisition, (i) a short term credit rating of “P-1” or higher from Moody’s or “A-1” or higher
from S&P or (ii) a long term rating of “A2” or higher from Moody’s or “A” or higher from S&P; 
 (c) investments in certificates of deposit, banker’s acceptances and demand or time deposits, in each case maturing within 180 days from the date of acquisition thereof, issued or guaranteed by or
placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the laws of the United States of America or any State thereof that has a combined capital and surplus and undivided
profits of not less than $500,000,000; 
 (d) fully collateralized repurchase agreements with a term of not more
than 30 days for securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (c) above; 

(e) “money market funds” that (i) comply with the criteria set forth in Rule 2a-7 under the Investment
Company Act, (ii) with (A) a short term credit rating of “P-1” or higher from Moody’s or “A-1” or higher from S&P or (B) a long term rating of “A2” or higher from Moody’s or “A” or
higher from S&P and (iii) have portfolio assets of at least $5,000,000,00; 
 (f) Investments in
Indebtedness issued by Persons with (i) a short term credit rating of “P-1” or higher from Moody’s or “A-1” or higher from S&P or (ii) a long term rating of “A2” or higher from Moody’s or
“A” or higher from S&P, in each case for clauses (i) and (ii) with maturities not more than 12 months after the date of acquisition; and 

  
 39 

 (g) in the case of any Foreign Subsidiary, other short-term investments that
are analogous to the foregoing, are of comparable credit quality and are customarily used by companies in the jurisdiction of such Foreign Subsidiary for cash management purposes. 

“Permitted Second Priority Refinancing Indebtedness” means Indebtedness of the Borrower in the form of term loans (other
than, for the avoidance of doubt, Incremental Term Loans or other Loans under this Agreement) or bonds, debentures, notes or similar instruments (a) that is secured by the Collateral on a pari passu basis (but without regard to the
control of remedies) with the Obligations and is not secured by any property or assets of Holdings, the Borrower or any of the other Subsidiaries other than the Collateral, (b) the Net Proceeds of which, substantially concurrently with the
incurrence thereof, are applied to the repayment or prepayment of then outstanding Borrowings of any Class in an aggregate principal amount equal to the aggregate amount of such Permitted Second Priority Refinancing Indebtedness (less the aggregate
amount of accrued and unpaid interest with respect to such outstanding Borrowings and any reasonable fees, premium and expenses relating to such refinancing), (c) that does not mature earlier than the Latest Maturity Date then in effect, and
has a weighted average life to maturity no shorter than the Loans with the latest Maturity Date in effect at the time of incurrence of such Indebtedness, (d) that does not provide for any amortization, mandatory prepayment, redemption or
repurchase (other than upon a change of control, customary asset sale or event of loss, mandatory offers to purchase and customary acceleration rights after an event of default) prior to the date that is the Latest Maturity Date in effect at the
time of incurrence of such Indebtedness, (e) that contains covenants, events of default and other terms that are customary for similar Indebtedness in light of then-prevailing market conditions and, when taken as a whole (other than interest
rates, rate floors, fees and optional prepayment or redemption terms), are substantially identical to, or are not more restrictive to Holdings, the Borrower and the Subsidiaries than, those set forth in the Loan Documents (other than covenants or
other provisions applicable only to periods after the Latest Maturity Date then in effect); provided that a certificate of a Financial Officer of the Borrower delivered to the Administrative Agent at least five Business Days prior to the
incurrence of such Indebtedness or the modification, refinancing, refunding, renewal or extension thereof (or such shorter period of time as may reasonably be agreed by the Administrative Agent), together with a reasonably detailed description of
the material terms and conditions of such resulting Indebtedness or drafts of the material definitive documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing
requirements shall be conclusive unless the Administrative Agent provides notice to the Borrower of its reasonable objection during such period together with a reasonable description of the basis upon which it objects, (f) the security
agreements relating to which are substantially the same as the Security Documents, (g) that is not guaranteed by any Persons other than Holdings and Subsidiaries that are Subsidiary Loan Parties and (h) in respect of which a Senior
Representative acting on behalf of the holders thereof shall have become party to the First Lien/Second Lien Intercreditor Agreement, if applicable, and the Pari Passu Second Lien Intercreditor Agreement; provided that if the Pari Passu
Second Lien Intercreditor Agreement has not previously been executed and delivered, then Holdings, the Borrower, 

  
 40 

 
the Subsidiary Loan Parties, the Administrative Agent at such time and the Senior Representative for such Indebtedness shall have executed and delivered the Pari Passu Second Lien Intercreditor
Agreement. Permitted Second Priority Refinancing Indebtedness will include any Registered Equivalent Notes issued in exchange therefor. 
 “Permitted Unsecured Indebtedness” means Indebtedness of Holdings or the Borrower (i) that is not (and any Guarantees thereof by Subsidiaries or Holdings are not) secured by any
collateral (including the Collateral), (ii) that does not mature earlier than the Latest Maturity Date then in effect, and has a weighted average life to maturity no shorter than the Class of Loans with the latest Maturity Date in effect at the
time of incurrence of such Indebtedness, (iii) that does not provide for any amortization, mandatory prepayment, redemption or repurchase (other than upon a change of control, fundamental change, customary asset sale or event of loss mandatory
offers to purchase and customary acceleration rights after an event of default and, for the avoidance of doubt, rights to convert or exchange in the case of convertible or exchangeable Indebtedness) prior to the date that is the Latest Maturity
Date, (iv) that contains covenants, events of default, guarantees and other terms that are customary for similar Indebtedness in light of then-prevailing market conditions (it being understood that such Indebtedness shall not include any
financial maintenance covenants and that applicable negative covenants shall be incurrence-based to the extent customary for similar Indebtedness) and, when taken as a whole (other than interest rates, rate floors, fees and optional prepayment or
redemption terms), are not more restrictive to Holdings, the Borrower and the Subsidiaries than those set forth in the Loan Documents; provided that a certificate of a Financial Officer of the Borrower delivered to the Administrative Agent at least
five Business Days prior to the incurrence of such Indebtedness or the modification, refinancing, refunding, renewal or extension thereof (or such shorter period of time as may reasonably be agreed by the Administrative Agent), together with a
reasonably detailed description of the material terms and conditions of such resulting Indebtedness or drafts of the material definitive documentation relating thereto, stating that the Borrower has determined in good faith that such terms and
conditions satisfy the foregoing requirements shall be conclusive, and (v) that is not guaranteed by any Person other than on an unsecured basis by Holdings and Subsidiaries that are Subsidiary Loan Parties. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Plan” means any “employee benefit plan”, as
defined in Section 3(3) of ERISA (other than a Multiemployer Plan), that is 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 the Borrower or any of its
ERISA Affiliates is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

“Platform” has the meaning set forth in Section 9.01(d). 

  
 41 

 “Post-Acquisition Period” means, with respect to any Material Acquisition
or any Material Disposition, the period beginning on the date such transaction is consummated and ending on the last day of the fourth full consecutive fiscal quarter immediately following the date on which such transaction is consummated.

 “Prepayment Event” means: 

(a) any sale, transfer, lease or other disposition (including pursuant to a sale and leaseback transaction and by way of
merger or consolidation) (for purposes of this defined term, collectively, “dispositions”) of any asset of Holdings, the Borrower or any Subsidiary, other than (i) dispositions described in clauses (a), (b), (c), (d) (but
only insofar as it does not relate to non-cash consideration arising out of Dispositions under Section 6.05(l)), (e), (f), (g), (h), (i) and (k) of Section 6.05 and (ii) other dispositions resulting in aggregate Net Proceeds
not exceeding (A) $2,500,000 in the case of any single disposition or series of related dispositions and (B) $5,000,000 for all such dispositions during any fiscal year of Holdings; 

(b) any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar
proceeding of, any asset of Holdings, the Borrower or any Subsidiary with a fair market value immediately prior to such event equal to or greater than $1,000,000; 

(c) the incurrence by Holdings, the Borrower or any Subsidiary of any Indebtedness, other than Indebtedness permitted to
be incurred under Section 6.01; and 
 (d) an IPO. 

“Prime Rate” means the rate of interest per annum publicly announced from time to time by JPMorgan Chase Bank, N.A. as
its prime rate in effect at its principal office in New York City. Each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective. 

“Private Side Lender Representatives” means, with respect to any Lender, representatives of such Lender that are not
Public Side Lender Representatives. 
 “Pro Forma Adjustment” means, for any Test Period that includes all or
any part of a fiscal quarter included in any Post-Acquisition Period, the pro forma increase or decrease in Consolidated EBITDA (including the portion thereof attributable to any assets (including Equity Interests) sold or acquired) projected by
Holdings in good faith as a result of (a) actions taken during such Post-Acquisition Period for the purposes of realizing reasonably identifiable and factually supportable cost savings or (b) any additional costs incurred during such
Post-Acquisition Period, in each case in connection with the combination of the operations of the assets acquired with the operations of Holdings, the Borrower and the Subsidiaries or the applicable Disposition, provided that, so long as such
actions are taken during such Post-Acquisition Period or such costs are incurred during such Post-Acquisition Period, as applicable, it may be assumed, for 

  
 42 

 
purposes of projecting such pro forma increase or decrease to Consolidated EBITDA, that such cost savings will be realizable during the entirety, or such additional costs, as applicable,
will be incurred during the entirety of such Test Period, provided further that any such pro forma increase or decrease to Consolidated EBITDA shall be without duplication for cost savings or additional costs already included in
Consolidated EBITDA for such Test Period. 
 “Pro Forma Basis” and “Pro Forma Compliance”
means, with respect to compliance with any test or covenant hereunder required by the terms of this Agreement to be made on a Pro Forma Basis, that (a) to the extent applicable, the Pro Forma Adjustment shall have been made and (b) all
Specified Transactions and the following transactions in connection therewith shall be deemed to have occurred as of (or commencing with) the first day of the applicable period of measurement in such test 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 Material Disposition of all or substantially all Equity Interests in any Subsidiary of Holdings or the Borrower or
any division, product line, or facility used for operations of Holdings, the Borrower or any of the 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, (iii) any Indebtedness incurred or assumed by Holdings, the Borrower or any of the Subsidiaries in connection therewith and (iv) if any such Indebtedness has a
floating or formula rate, such Indebtedness shall be deemed to have accrued 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; 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 (and subject to applicable limitations included in) 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 Holdings, the Borrower and the Subsidiaries and (z) factually supportable or (ii) otherwise consistent with the definition of Pro Forma Adjustment.

 “Proposed Change” has the meaning set forth in Section 9.02(c). 

“Public Side Lender Representatives” means, with respect to any Lender, representatives of such Lender that do not wish
to receive MNPI. 
 “Purchasing Borrower Party” means any of Holdings, the Borrower or any other Subsidiary.

 “Purchasing Debt Affiliate” means any Affiliate of Holdings, other than a Purchasing Borrower Party and
other than any natural person. 
 “Qualified Equity Interests” means Equity Interests of Holdings other than
Disqualified Equity Interests. 

  
 43 

 “Qualified IPO Parent” means an IPO issuer formed for the purpose of an IPO
of which Holdings is and at all times remains a wholly-owned subsidiary. 
 “Qualifying Equity Proceeds” means
on any date with respect to any expenditure to make an Investment under Section 6.04(s)(ii) (including in connection with the acquisition of Non-Compliant Subsidiaries and/or Non-Compliant Assets in a Permitted Acquisition), to make a
Restricted Payment under Section 6.08(a)(viii) or to make a payment in reliance on Section 6.08(b)(viii)(A), the aggregate amount of Net Proceeds received by Holdings in respect of sales and issuances of its Qualified Equity Interests
(other than any equity contribution made in reliance on Section 7.02 of the First Lien Credit Agreement, the issuance of Equity Interests to officers, directors or employees of Holdings or any Subsidiary pursuant to employee benefit or
incentive plans or other similar arrangements, and the issuance of Equity Interests to any Subsidiary) during the 365-day period ending on the date of such expenditure, less the amount of all other expenditures for such purposes made during such
period and on or prior to such date in reliance on such receipts of Net Proceeds. 
 “Refinancing” means the
refinancing on the Effective Date, with the proceeds of the Loans and the proceeds of the term loans made under the First Lien Credit Agreement, of all Indebtedness, and the payment of all other obligations, of the Borrower and SOI Holdings, Inc.,
in each case, outstanding under the Existing Credit Agreement immediately prior to the Effective Date. 
 “Refinancing
Facility Agreement” means an amendment to this Agreement among Holdings, the Borrower, the Administrative Agent and one or more Lenders, establishing Refinancing Term Loan Commitments of any Series and effecting such other amendments hereto
and to the other Loan Documents as are contemplated by Section 2.22. 
 “Refinancing Indebtedness” means,
in respect of any Indebtedness (the “Original Indebtedness”), any Indebtedness that extends, renews or refinances such Original Indebtedness (or any Refinancing Indebtedness in respect thereof); provided that (a) the
principal amount (or accreted value, if applicable) of such Refinancing Indebtedness shall not exceed the principal amount (or accreted value, if applicable) of such Original Indebtedness except by an amount no greater than accrued and unpaid
interest with respect to such Original Indebtedness and any reasonable fees, premium and expenses relating to such extension, renewal or refinancing; (b) the stated final maturity of such Refinancing Indebtedness shall not be earlier than that
of such Original Indebtedness, and such stated final maturity shall not be subject to any conditions that could result in such stated final maturity occurring on a date that precedes the stated final maturity of such Original Indebtedness;
(c) such Refinancing Indebtedness shall not be required to be repaid, prepaid, redeemed, repurchased or defeased, whether on one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof (except, in
each case, upon the occurrence of an event of default or a change in control, fundamental change, or upon conversion or exchange in the case of convertible or exchangeable Indebtedness or as and to the extent such repayment, prepayment, redemption,
repurchase or defeasance would have been required pursuant to 

  
 44 

 
the terms of such Original Indebtedness) prior to the earlier of (i) the maturity of such Original Indebtedness and (ii) the Latest Maturity Date in effect on the date of such
extension, renewal or refinancing, provided that, notwithstanding the foregoing, scheduled amortization payments (however denominated) of such Refinancing Indebtedness shall be permitted so long as the weighted average life to maturity of
such Refinancing Indebtedness shall be longer than the shorter of (x) the weighted average life to maturity of such Original Indebtedness remaining as of the date of such extension, renewal or refinancing and (y) the weighted average life
to maturity of each Class of the Loans remaining as of the date of such extension, renewal or refinancing; (d) such Refinancing Indebtedness shall not constitute an obligation (including pursuant to a Guarantee) of the Borrower or any
Subsidiary, in each case that shall not have been (or, in the case of after-acquired Subsidiaries, shall not have been required to become pursuant to the terms of the Original Indebtedness) an obligor in respect of such Original Indebtedness, and
shall not constitute an obligation of Holdings if Holdings shall not have been an obligor in respect of such Original Indebtedness, and, in each case, shall constitute an obligation of the Borrower or such Subsidiary or of Holdings only to the
extent of their obligations in respect of such Original Indebtedness; (e) if such Original Indebtedness shall have been subordinated to the Obligations, such Refinancing Indebtedness shall also be subordinated to the Obligations on terms not
less favorable in any material respect to the Lenders; and (f) such Refinancing Indebtedness shall not be secured by any Lien on any asset other than the assets that secured such Original Indebtedness (or would have been required to secure such
Original Indebtedness pursuant to the terms thereof) or, in the event Liens securing such Original Indebtedness shall have been contractually subordinated to any Lien securing the Obligations, by any Lien that shall not have been contractually
subordinated to at least the same extent. 
 “Refinancing Term Lender” has the meaning set forth in
Section 2.22(a). 
 “Refinancing Term Loan Commitments” has the meaning set forth in Section 2.22(a).

 “Refinancing Term Loans” has the meaning set forth in Section 2.22(a). 

“Register” has the meaning set forth in Section 9.04(b). 

“Registered Equivalent Notes” means, with respect to any bonds, notes, debentures or similar instruments originally
issued in a Rule 144A or other private placement transaction under the Securities Act, substantially identical notes (having the same Guarantees) issued in a dollar for dollar exchange therefor pursuant to an exchange offer registered with the SEC.

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

  
 45 

 “Release” means any release, spill, emission, leaking, dumping, injection,
pouring, deposit, disposal, discharge, dispersal, leaching or migration into or through the environment (including ambient air, surface water, groundwater, land surface or subsurface strata) or within or upon any building, structure, facility or
fixture. 
 “Required Lenders” means, at any time, Lenders having Loans representing more than 50% of the sum
of the outstanding Loans at such time (excluding for purposes of any such calculation, Excluded Lenders). 

“Requirements of Law” means, with respect to any Person, (a) the charter, articles or certificate of organization
or incorporation and bylaws or other organizational or governing documents of such Person and (b) any law (including common law), statute, ordinance, treaty, rule, regulation, order, decree, writ, injunction, settlement agreement or
determination 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. 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with
respect to any Equity Interests in Holdings, the Borrower or any Subsidiary, or any payment or distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption,
retirement, acquisition, exchange, conversion, cancelation or termination of any Equity Interests in Holdings, the Borrower or any Subsidiary, or any payment under any Hedging Agreement relating to such Equity Interests and providing for payments
analogous to such dividends, distributions or other payments on account of Equity Interests in Holdings; provided, that no dividend, distribution or payment made solely with common Equity Interests of Holdings shall constitute a Restricted
Payment. 
 “Sale/Leaseback Transaction” means an arrangement relating to property owned by Holdings, the
Borrower or any other Subsidiary whereby Holdings, the Borrower or such other Subsidiary sells or transfers such property to any Person and Holdings, the Borrower or any other Subsidiary leases such property, or other property that it intends to use
for substantially the same purpose or purposes as the property sold or transferred, from such Person or its Affiliates. 

“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of specially designated
Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the U.S. Department of Commerce or the U.S. Department of the Treasury, (b) any Person operating, organized or
resident in a jurisdiction subject to any Sanctions or (c) any Person Controlled by any such Person. 

“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time
by the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the U.S. Department of Commerce or the U.S. Department of the Treasury. 

  
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 “S&P” means Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc., and any successor to its rating agency business. 
 “SEC” means
the United States Securities and Exchange Commission. 
 “Secured Parties” means, collectively, (a) the
Lenders, (b) the Administrative Agent, (c) the Arrangers, (d) the beneficiaries of each indemnification obligation undertaken by any Loan Party under this Agreement or any other Loan Document and (e) the successors and assigns of
each of the foregoing. 
 “Securities Act” means the United States Securities Act of 1933. 

“Security Documents” means the Collateral Agreement, the Foreign Pledge Agreements, the Mortgages, the Control
Agreements and each other security agreement or other instrument or document executed and delivered pursuant to Section 5.12, Section 5.15 or the requirements of the Collateral and Guarantee Requirement to secure the Obligations.

 “Senior Representative” means, with respect to any series of Permitted Second Priority Refinancing
Indebtedness, Alternative Incremental Facility Indebtedness, Indebtedness under the First Lien Credit Agreement, Other First Lien Secured Indebtedness, or Refinancing Indebtedness in respect of any of the foregoing secured by the Collateral, the
trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such
capacities. 
 “Series” has the meaning set forth in Section 2.21(b). 

“Significant Domestic Subsidiary” means any Domestic Subsidiary that is a Significant Subsidiary. 

“Significant Foreign Subsidiary” means any Foreign Subsidiary that is a Significant Subsidiary. 

“Significant Subsidiary” means (a) each Subsidiary (i) with total assets (including the value of Equity
Interests of its subsidiaries), on any date of determination, equal to or greater than $5,000,000 and/or (ii) the gross revenues (net of payroll, taxes and benefits) of which, for the four preceding fiscal quarters most recently ended, are
equal to or greater than $5,000,000, in each case calculated in accordance with GAAP, and (b) each Subsidiary that owns any Equity Interests of any Subsidiary that would be deemed a Significant Subsidiary under clause (a)(i) or (a)(ii) above.

 “Specified ECF Percentage” means, with respect to mandatory prepayments under Section 2.11(c) in
respect of Excess Cash Flow for any fiscal year of Holdings, (a) 50%, if the Total Leverage Ratio as of the last day of such fiscal year is equal to or greater than 3.75 to 1.0, (b) 25%, if the Total Leverage Ratio as of the last day of
such fiscal year is less than 3.75 to 1.0 and equal to or greater than 3.00 to 1.0, and (c)

  
 47 

 
0%, if the Total Leverage Ratio as of the last day of such fiscal year is less than 3.00 to 1.0. 
 “Specified Transaction” means, with respect to any period, any Investment, Permitted Acquisition, Disposition, incurrence or repayment of Indebtedness, Restricted Payment, incurrence of
Incremental Facilities or other Indebtedness, or other event that by the terms of this Agreement requires “Pro Forma Compliance” with a test or covenant hereunder or requires such test or covenant to be calculated on a “Pro Forma
Basis”. 
 “Specified Uses” means (a) Investments (including to acquire Non-Compliant Subsidiaries in
a Permitted Acquisition) made in reliance on Section 6.04(s)(ii), (b) Restricted Payments made in reliance on Section 6.08(a)(viii) and (c) payments or other distributions made in reliance on Section 6.08(b)(viii)(A).

 “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one
and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board of Governors and any
other banking authority (domestic or foreign) to which the Administrative Agent or any Lender (including any branch, Affiliate or fronting office making or holding a Loan) is subject for eurocurrency funding (currently referred to as
“Eurocurrency Liabilities” in Regulation D of the Board of Governors). Such reserve percentages shall include those imposed pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute eurocurrency funding and to
be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate
shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Subordinated Indebtedness” of any Person means any Indebtedness of such Person that is subordinated in right of payment
to any other Indebtedness of such Person. 
 “subsidiary” means, with respect to any Person (the
“parent”) at any date, (a) any Person 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, and (b) any other Person of which Equity representing more than 50% of the equity value 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 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 Holdings. 

  
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 “Subsidiary Loan Party” means each wholly owned Significant Domestic
Subsidiary that is a party to the Collateral Agreement. Unless the context requires otherwise, the term “Subsidiary Loan Party” shall include the Borrower. No Pass Through Foreign Subsidiary, CFC or CFC Holding Company shall be a
Subsidiary Loan Party. 
 “Supplemental Perfection Certificate” means a certificate in the form of Exhibit
I-2. 
 “Synthetic Lease Obligation” means, as to any Person, any lease (including leases that may be
terminated by the lessee at any time) of real or personal property, or a combination thereof, (a) that is accounted for as an operating lease under GAAP and (b) in respect of which the lessee is deemed to own the property so leased for
U.S. Federal income tax purposes, other than any such lease under which such Person is the lessor. 
 “Taxes”
means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties
applicable thereto. 
 “TEB Trust” means TriNet Employee Benefits Insurance Trust, a revocable grantor trust
formed under the laws of the State of California and a wholly-owned Subsidiary of Holdings. 
 “Test Period”
means each period of four consecutive fiscal quarters of Holdings. 
 “Total Leverage Ratio” means, on any
date, the ratio of (a) Consolidated Total Debt as of such date minus the lesser of Available Domestic Cash as of such date and $50,000,000 to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of Holdings
most recently ended on or before such date for which financial statements have been delivered under Section 5.01(a) or (b). 
 “Transaction Costs” means all fees, costs and expenses incurred or payable by Holdings, the Borrower or any Subsidiary in connection with the Transactions consummated on the Effective
Date. 
 “Transactions” means, collectively, (a) the execution, delivery and performance by each Loan
Party of (i) the Loan Documents (including this Agreement) to which it is to be a party and (ii) the First Lien Credit Agreement and the First Lien Security Documents, in each case, to which it is party, (b) the creation and
perfection of the security interests provided for in the Security Documents and the First Lien Security Documents, (c) the Refinancing, (d) the Dividend and (e) the payment of the Transaction Costs. 

“TriNet Canada” means TriNet Employer Group Canada, Inc., a corporation duly organized under the laws of Ontario,
Canada. 

  
 49 

 “Type”, when used in reference to any Loan or Borrowing, refers to whether
the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate. 
 “Unrestricted Cash” means, as of any date, unrestricted cash, cash equivalents and Permitted Investments maturing in less than 12 months owned by Holdings, the Borrower and the
Subsidiaries that are not, and are not presently required under the terms of any agreement or other arrangement binding on Holdings, the Borrower or any Subsidiary on such date to be, (a) pledged to or held in one or more accounts under the
control of one or more creditors (other than to secure the Obligations) or designated as “Work Site Employee Assets” on its balance sheet or (b) otherwise segregated from the general assets of Holdings, the Borrower and the
Subsidiaries, in one or more special accounts or otherwise, for the purpose of securing or providing a source of payment for Indebtedness or other obligations that are or from time to time may be owed to one or more creditors (other than to secure
the Obligations). It is agreed that cash and cash equivalents held in ordinary deposit or security accounts and not subject to any existing or contingent restrictions on transfer by Holdings, the Borrower or a Subsidiary will not be excluded from
Unrestricted Cash by reason of setoff rights or other Liens created by law or by applicable account agreements in favor of the depositary institutions or security intermediaries. 

“U.S. Person” means a “United States person” within the meaning of Section 7701(a)(30) of the Code.

 “U.S. Tax Compliance Certificate” has the meaning set forth in Section 2.17(f)(ii)(B)(3). 

“USA Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001. 
 “wholly-owned”, when used in reference to a subsidiary of any Person, means
that all the Equity Interests in such subsidiary (other than directors’ qualifying shares and other nominal amounts of Equity Interests that are required to be held by other Persons under applicable law) are owned, beneficially and of record,
by such Person, another wholly-owned subsidiary of such Person or any combination thereof. 
 “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. 

SECTION 1.02. Classification of Loans and Borrowings. For purposes of this Agreement, Loans and Borrowings may be classified and
referred to by Class (e.g., a “Incremental Term Loan” or “Incremental Term Borrowing”) or by Type (e.g., a “Eurodollar Loan” or “Eurodollar Borrowing”). 

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 

  
 50 

 
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”. The words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all real and
personal, tangible and intangible assets and properties, including cash, securities, accounts and contract rights. The word “law” shall be construed as referring to all statutes, rules, regulations, codes and other laws (including official
rulings and interpretations thereunder having the force of law or with which affected Persons customarily comply), and all judgments, orders, writs and decrees, of all Governmental Authorities. Unless the context requires otherwise, (a) any
definition of or reference to any agreement, instrument or other document (including this Agreement and the other Loan Documents) shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated,
amended and restated, extended, supplemented or otherwise modified (subject to any restrictions on such amendments, restatements, amendments and restatements, extensions, supplements or modifications set forth herein), (b) any definition of or
reference to any statute, rule or regulation shall be construed as referring thereto as from time to time amended, consolidated, replaced, interpreted, supplemented or otherwise modified (including by succession of comparable successor laws),
(c) 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, (d) 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 and (e) 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. 

SECTION 1.04. Accounting Terms; GAAP; Pro Forma Calculations. (a) Except as otherwise expressly provided herein, all terms of
an accounting or financial nature used herein shall be construed in accordance with GAAP as in effect from time to time; provided that (i) if the Borrower, by notice to the Administrative Agent, shall request an amendment to any
provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent or the Required Lenders, by notice to the Borrower, shall
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 and (ii) notwithstanding any other provision contained herein, 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 (A) any election under Accounting Standards Codification 825-10-25
(previously referred to as Statement of Financial Accounting Standards 159, The Fair Value Option for Financial Assets and Financial Liabilities), or any successor thereto (including pursuant to the Accounting Standards Codification), to value any
Indebtedness of the Borrower or any Subsidiary at “fair value”, as defined therein and (B) any treatment of Indebtedness 

  
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relating to convertible or equity-linked securities under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a
similar result or effect) requiring the valuation of any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof. For purposes of the
foregoing, any change by the Borrower in its accounting principles and standards to adopt International Financial Reporting Standards, regardless of whether required by applicable laws and regulations, will be deemed a change in GAAP. 

(b) For purposes of determining compliance with any test or covenant contained in this Agreement with respect to any period during which
any Material Acquisition or Material Disposition occurs, Consolidated EBITDA, the Total Leverage Ratio and the First Lien Leverage Ratio and shall be calculated with respect to such period on a Pro Forma Basis, giving effect to such Material
Acquisition or Material Disposition. 
 (c) Notwithstanding anything to the contrary set forth herein, for so long as the First
Lien Credit Agreement remains outstanding, all documents and other items to be provided to, or any requirements to be satisfied to the satisfaction of, the Administrative Agent shall be deemed to be satisfactory hereunder if such documents, items
and requirements are, except with respect to intercreditor matters, in the substantially same form as, or provided to, the documents, items or requirements provided or satisfactory to the administrative agent under the First Lien Credit Agreement.

 ARTICLE II 
 The Credits 
 SECTION 2.01. Commitments. Subject to the terms and
conditions set forth herein, each Lender agrees (a) to make a Loan to the Borrower on the Effective Date in a principal amount not exceeding its Commitment. All Loans shall be denominated in dollars. Amounts repaid or prepaid in respect of
Loans may not be reborrowed. 
 SECTION 2.02. Loans and Borrowings. (a) Each Loan shall be made as part of a
Borrowing consisting of Loans of the same Type made by the Lenders ratably in accordance with their Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder;
provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 
 (b) Subject to Section 2.14, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith; provided that all Borrowings made
on the Effective Date must be made as ABR Borrowings unless the Borrower shall have given the notice required for a Eurodollar Borrowing under Section 2.03 and provided an indemnity letter extending the benefits of

  
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Section 2.16 to Lenders in respect of such Borrowings. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan;
provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 
 (c) At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $500,000 and not less than $1,000,000;
provided that a Eurodollar Borrowing that results from a continuation of an outstanding Eurodollar Borrowing may be in an aggregate amount that is equal to such outstanding Borrowing. Borrowings of more than one Type and Class may be
outstanding at the same time; provided that there shall not at any time be more than a total of 10 Eurodollar Borrowings outstanding. 
 (d) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert to or continue, any Eurodollar Borrowing if the Interest Period requested
with respect thereto would end after the Maturity Date applicable thereto. 
 SECTION 2.03. Requests for Borrowings. To
request a Borrowing, the Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three Business Days before the date of the
proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 1:00 p.m., New York City time, on the day of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by
hand delivery or facsimile to the Administrative Agent of an executed written Borrowing Request. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02: 

(i) whether the requested Borrowing is to be a Borrowing in respect of Loans made on the Effective Date or an Incremental
Term Borrowing of a particular Series; 
 (ii) the aggregate amount of such Borrowing; 

(iii) the date of such Borrowing, which shall be a Business Day; 

(iv) whether such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; 

(v) in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period”; and 
 (vi) the location and number of
the account to which funds are to be disbursed. 
 If no election as to the Type of Borrowing is specified, then the requested Borrowing shall
be an ABR Borrowing. If no Interest Period is specified with respect to any 

  
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requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance
with this Section, the Administrative Agent shall advise each Lender of the applicable Class of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

SECTION 2.04. [Reserved] 
 SECTION 2.05. [Reserved] 
 SECTION 2.06. Funding of Borrowings.
(a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated
by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with JPMorgan Chase Bank,
N.A. in New York City and designated by the Borrower in the applicable Borrowing Request. Notwithstanding anything to the contrary contained in this Section 2.06(a), with respect to the Loan to be made on the Effective Date, the Lenders shall
make such Loan directly available to the Borrower as specified by the Borrower in the applicable Borrowing Request. 
 (b)
Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative
Agent may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section and may (but shall not be obligated to), in reliance upon such assumption and in its sole discretion, make available
to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the
Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at
(i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in the case of the Borrower, the
interest rate applicable to ABR Borrowings of the applicable Class. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the
Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. 

SECTION 2.07. Interest Elections. (a) Each Borrowing initially shall be of the Type and, in the case of a Eurodollar
Borrowing, shall have an initial Interest Period as specified in the applicable Borrowing Request or as otherwise provided in Section 2.03. Thereafter, the Borrower may elect to convert such Borrowing to a

  
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Borrowing of a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower may
elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such
portion shall be considered a separate Borrowing. 
 (b) To make an election pursuant to this Section, the Borrower shall notify
the Administrative Agent of such election by telephone by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective
date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or facsimile to the Administrative Agent of an executed written Interest Election Request. Each telephonic
and written Interest Election Request shall specify the following information in compliance with Section 2.02: 
 (i) the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each
resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing); 

(ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;

 (iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and 

(iv) if the resulting Borrowing is to be a Eurodollar Borrowing, the Interest Period to be applicable thereto after giving
effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 
 If any such Interest
Election Request requests a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

(c) Promptly following receipt of an Interest Election Request in accordance with this Section, the Administrative Agent shall advise
each Lender of the applicable Class of the details thereof and of such Lender’s portion of each resulting Borrowing. 
 (d)
If the Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such
Interest Period such Borrowing shall be continued as a Eurodollar Borrowing for an additional Interest Period of one month. Notwithstanding any contrary provision hereof, if an Event of Default under clause (h) or (i) of Section 7.01
has occurred and is 

  
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continuing with respect to the Borrower, or if any other Event of Default has occurred and is continuing and the Administrative Agent, at the request of a Majority in Interest of the Lenders of
any Class, has notified the Borrower of the election to give effect to this sentence on account of such other Event of Default, then, in each such case, so long as such Event of Default is continuing, (i) no outstanding Borrowing of such Class
may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 

SECTION 2.08. Termination and Reduction of Commitments. (a) Unless previously terminated, the Commitments shall automatically
terminate at 5:00 p.m., New York City time, on the Effective Date. 
 (b) The Borrower may at any time terminate, or from
time to time permanently reduce, the Commitments of any Class; provided that each partial reduction of the Commitments of any Class shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000.

 (c) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under
paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any such notice, the Administrative
Agent shall advise the Lenders of the applicable Class of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable. Any termination or reduction of the Commitments of any Class shall be permanent.
Each reduction of the Commitments of any Class shall be made ratably among the Lenders in accordance with their individual Commitments of such Class. 
 SECTION 2.09. Repayment of Loans; Evidence of Debt. (a) To the extent not previously paid, all Loans shall be due and payable on the applicable Maturity Date for such Loans, and the
Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Effective Date Loan of such Lender on the applicable Maturity Date and (ii) to the
Administrative Agent for the account of each Lender the then unpaid principal amount of each Incremental Term Loan of such Lender on the Maturity Date applicable to such Incremental Term Loans. 

(b) The records maintained by the Administrative Agent and the Lenders shall be prima facie evidence of the existence and
amounts of the obligations of the Borrower in respect of Loans, interest and fees due or accrued hereunder; provided that the failure of the Administrative Agent or any Lender to maintain such records or any error therein shall not in any
manner affect the obligation of the Borrower to pay any amounts due hereunder in accordance with the terms of this Agreement. 

(c) Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute
and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to 

  
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such Lender and its registered assigns) and substantially in the form attached hereto as Exhibit L. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at
all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the payee named therein (or to such payee and its registered assigns). 

SECTION 2.10. [Reserved] 
 SECTION 2.11. Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, subject to the requirements of this
Section. 
 (b) In the event and on each occasion that any Net Proceeds are received by or on behalf of Holdings, the Borrower
or any Subsidiary (or, in the case of an IPO, any Qualified IPO Parent) in respect of any Prepayment Event (including by the Administrative Agent as loss payee in respect of any Prepayment Event described in clause (b) of the definition of the
term “Prepayment Event”), the Borrower shall, not later than the fifth Business Day following the day such Net Proceeds are received, prepay Borrowings in an aggregate amount equal to 100% of the amount of such Net Proceeds;
provided that the Borrower may use a portion of such Net Proceeds to prepay or repurchase Other Second Lien Secured Indebtedness to the extent any applicable credit agreement, indenture or other agreement governing such Other Second Lien
Secured Indebtedness so requires, in each case in an amount not to exceed the product of (x) the amount of such Net Proceeds and (y) a fraction, the numerator of which is the outstanding principal amount of such Other Second Lien Secured
Indebtedness and the denominator of which is the sum of the outstanding principal amount of such Other Second Lien Secured Indebtedness and the outstanding principal amount of Loans; provided further that, in the case of any event
described in clause (a) or (b) of the definition of the term “Prepayment Event”, if the Borrower shall, prior to the date of the required prepayment, deliver to the Administrative Agent a certificate of a Financial Officer of the
Borrower to the effect that the Borrower intends to cause the Net Proceeds from such event (or a portion thereof specified in such certificate) to be applied within 365 days after receipt of such Net Proceeds to acquire assets to be used or useful
in the business of the Borrower or any of the Subsidiary Loan Parties (or any Foreign Subsidiary solely to the extent such Net Proceeds are attributable to a Foreign Subsidiary), or to consummate any Permitted Acquisition in accordance with the
provisions hereof of Persons that will become, or assets that will be held by, the Borrower or any of the Subsidiary Loan Parties (or any Foreign Subsidiary, solely to the extent such Net Proceeds are attributable to a Foreign Subsidiary) (but not
of or by other Persons), and certifying that no Default has occurred and is continuing, then no prepayment shall be required pursuant to this paragraph in respect of the Net Proceeds in respect of such event (or the portion of such Net Proceeds
specified in such certificate, if applicable) except to the extent of any such Net Proceeds that have not been so applied by the end of such 365-day period, with such Net Proceeds, at which time a prepayment shall be required in an amount equal to
such Net Proceeds that have not been so applied. 

  
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 (c) Subject to paragraph (g) of this Section, following the end of each fiscal year
commencing with the fiscal year ending December 31, 2014 (each such fiscal year, an “ECF Year”), the Borrower shall prepay Loans of each Class in an aggregate amount equal to (i)(x) the Specified ECF Percentage of Excess
Cash Flow in respect of such ECF Year plus, commencing with the payment to be made in respect of Excess Cash Flow for the ECF Year ending December 31, 2015, 100% of the ECF Shortfall Amount in respect of such ECF Year multiplied
by (ii) the percentage of the aggregate principal amount of the Loans of all Classes outstanding as of the end of such ECF Year represented by the Loans of such Class (but, in each case, disregarding for purposes of determining such
percentage any prepayments referred to in the immediately succeeding proviso); provided that such amount shall be reduced by the aggregate amount of prepayments of Loans of such Class made pursuant to paragraph (a) of this Section during
such ECF Year, excluding any such prepayments to the extent financed from Excluded Sources. Each prepayment pursuant to this paragraph shall be made on or before the fifth Business Day following the date on which financial statements for such fiscal
year are delivered pursuant to Section 5.01(a) with respect to the fiscal year for which Excess Cash Flow is being calculated, and in any event not later than the fifth Business Day following the last day on which such financial statements may
be delivered in compliance with such Section( the date of each such required prepayment, an “ECF Sweep Payment Date”). 
 (d) In the event and on each occasion that, as a result of the receipt of any cash proceeds by Holdings, the Borrower or any other Subsidiary in connection with any Disposition of any asset or any other
event, Holdings, the Borrower or any other Loan Party would be required by the terms of any Indebtedness that is Subordinated Indebtedness with respect to the Obligations (or any Refinancing Indebtedness in respect thereof) to repay, prepay, redeem,
repurchase or defease, or make an offer to repay, prepay, redeem, repurchase or defease, any such Subordinated Indebtedness (or such Refinancing Indebtedness) or any other Subordinated Indebtedness, then, prior to the time at which it would be
required to make such repayment, prepayment, redemption, repurchase or defeasance or to make such offer, the Borrower shall, if and to the extent it would reduce, eliminate or satisfy any such requirement, (i) prepay Borrowings or (ii) use
such cash proceeds to acquire assets in one or more transactions permitted hereby. 
 (e) Prior to any optional or mandatory
prepayment of Borrowings under this Section, the Borrower shall specify the Borrowing or Borrowings to be prepaid in the notice of such prepayment delivered pursuant to paragraph (f) of this Section. In the event of any mandatory prepayment of
Loans made at a time when Loans of more than one Class are outstanding, the Borrower shall select Loans to be prepaid so that the aggregate amount of such prepayment is allocated among the Loans and, to the extent provided in the Incremental
Facility Amendment for any Class of Incremental Term Loans, the Loans of such Class, pro rata based on the aggregate principal amounts of outstanding Loans of each such Class. 
 (f) The Borrower shall notify the Administrative Agent by telephone (confirmed by hand delivery or facsimile) of any optional prepayment and, to the extent practicable, any mandatory prepayment hereunder
(i) in the case of prepayment of a 

  
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Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three Business Days before the date of prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later
than 1:00 p.m., New York City time, one Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date, the principal amount of each Borrowing or portion thereof to be prepaid and, in the
case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment; provided that if a notice of optional prepayment of Loans pursuant to paragraph (a) of this Section may state that such notice is
conditioned upon the occurrence of one or more events specified therein, in which case such notice of prepayment may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified date of prepayment) if such condition
is not satisfied. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the applicable Classes of the contents thereof. Each partial prepayment of any Loans shall be in an amount that would be permitted
in the case of an advance of any Loans of the same Type as provided in Section 2.02, except as necessary to apply fully the required amount of a mandatory prepayment. Each prepayment of Loans shall be applied ratably to the Loans included in
the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.12. 
 (g)
Notwithstanding the provisions of paragraph (c) of this Section 2.11, if, immediately after giving effect to any prepayment required by such paragraph in respect of Excess Cash Flow for any ECF Year and the ECF Shortfall Amount in respect
of such ECF Year, the GAAP Working Capital of Holdings (as would be reflected on a consolidated balance sheet prepared in accordance with GAAP as of the prepayment date or as of the last day of the ECF Year in respect of which Excess Cash Flow is
being calculated, in each case giving effect to such prepayment) would be less than $10,000,000, then the Borrower may defer payment of such amount of the required repayment to the next following ECF Sweep Payment Date as may be necessary so that
such GAAP Working Capital as of each such date (calculated as provided above and giving effect to any prepayment made) will equal at least $10,000,000 (such retained amount in respect of the aggregate prepayment otherwise required to be made
pursuant to paragraph (c) of this Section in that fiscal year, the “ECF Shortfall Amount” for such fiscal year, which for the avoidance of doubt will include , to the extent not paid on such payment date, the Excess Cash Flow
payment in respect of the immediately preceding ECF Year as well as the ECF Shortfall Amount from such preceding fiscal year). Notwithstanding the foregoing, if on the last day of any fiscal quarter, the GAAP Working Capital of Holdings, taking into
account the accrual under GAAP of payment obligations in respect of the ECF Shortfall Amount and the projected Excess Cash Flow prepayment to be made on the next following ECF Sweep Payment Date, would be less than $10,000,000, then only such
portion (if any) of such ECF Shortfall Amount and of the Excess Cash Flow prepayment that would otherwise be required to be made on the next following ECF Sweep Payment Date that, if due and payable on such ECF Sweep Payment Date, would not result
in such GAAP Working Capital being less than $10,000,000, will be payable on such ECF Sweep Payment Date, and the Borrower’s obligation to pay the remainder of such ECF Shortfall Amount and such Excess Cash Flow prepayment will be automatically
extended and deferred to the second following ECF Sweep Payment Date (subject, however, to adjustment in connection with 

  
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calculations of GAAP Working Capital on subsequent fiscal quarter end dates and, in the case of the next following ECF Sweep Payment Date, pursuant to the first sentence of this paragraph (g)).

 (h) If all or any portion of the Loans of any Lender are repaid or prepaid for any reason (other than pursuant to
Section 2.11(b) or 2.11(c) (except as a result of the receipt of Net Proceeds from an IPO), or 2.11(d), but including, for the avoidance of doubt, upon acceleration, in connection with the purchase of the Loans of any Lender required by the
Borrower pursuant to Section 2.19(b) or 9.02(c), or in connection with any Refinancing Term Loans being made pursuant to Section 2.22), such repayment or prepayment shall be accompanied by a fee paid by the Borrower to such Lender in the
case of any such repayment or prepayment (i) prior to the first anniversary of the Effective Date, equal to 2.0% of the aggregate principal amount of the Loans of such Lender so repaid or prepaid, (ii) on or after the first anniversary of
the Effective Date and prior to the second anniversary of the Effective Date, equal to 1.0% of the aggregate principal amount of the Loans of such Lender so repaid or prepaid and (iii) on or after the second anniversary of the Effective Date,
equal to 0%; provided that if such Loans are prepaid as a result of an IPO Prepayment Event referred to in clause (d) of the definition of such term on or prior to the date that is 120 days after the Effective Date, such fee shall be
equal to 1.0%, rather than 2.0%, of the aggregate principal amount of the Loans so prepaid. 
 (i) Notwithstanding anything in
this Section 2.11 to the contrary, unless and until there is no principal, premium, interest, fees or other amounts due or outstanding under the First Lien Credit Agreement and the lending commitments thereunder have been terminated, no
mandatory prepayments of outstanding Loans that would otherwise be required under Section 2.11(b), (c), or (d), other than any such prepayment required as the result of an IPO Prepayment Event referred to in clause (d) of the definition of
such term, shall be required to be made. 
 SECTION 2.12. Fees. The Borrower agrees to pay to the Administrative Agent,
for its own account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent. 
 SECTION 2.13. Interest. (a) The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate. 

(b) The Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for
such Borrowing plus the Applicable Rate. 
 (c) Notwithstanding the foregoing, if any principal of or interest on any Loan or
any fee or other amount payable by the Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to
(i) in the case of overdue principal of any Loan, 2.00% per annum plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in

  
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the case of any other amount, 2.00% per annum plus the rate applicable to an Effective Date Loan that is an ABR Borrowing. Payment or acceptance of the increased rates of interest provided
for in this paragraph (c) is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of the Administrative Agent or any Lender. 

(d) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan; provided that
(i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan, accrued interest on the principal amount repaid or prepaid shall be payable on
the date of such repayment or prepayment and (iii) in the event of any conversion of a Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such
conversion. 
 (e) All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by
reference to the Alternate Base Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days elapsed (including the first day but excluding the last day; provided
that, if a Loan, or a portion thereof, is repaid on the same day on which such Loan is made, one day’s interest shall accrue on the portion of such Loan so prepaid). The applicable Alternate Base Rate or Adjusted LIBO Rate shall be determined
by the Administrative Agent, and such determination shall be conclusive absent manifest error. 
 SECTION 2.14. Alternate
Rate of Interest. If prior to the commencement of any Interest Period for a Eurodollar Borrowing of any Class: 
 (a) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate for such
Interest Period; or 
 (b) the Administrative Agent is advised by a Majority in Interest of the Lenders of such
Class that the Adjusted LIBO Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Eurodollar Borrowing for such Interest Period; 

then the Administrative Agent shall give notice thereof to the Borrower and the Lenders of such Class by telephone or facsimile as promptly as
practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders of such Class that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of
any Borrowing of such Class to, or continuation of any Borrowing of such Class as, a Eurodollar Borrowing shall be ineffective, and such Borrowing shall be continued as an ABR Borrowing and (ii) any Borrowing Request for a Eurodollar Borrowing
of such Classshall be treated as a request for an ABR Borrowing. 

  
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 SECTION 2.15. Increased Costs. (a) If any Change in Law shall: 

(i) 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 or participated in by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate); 

(ii) impose on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting
this Agreement or Loans made by such Lender; or 
 (iii) subject any Credit Party to any Taxes (other than
(A) Indemnified Taxes (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments or other obligations, or
its deposits, reserves, other liabilities or capital attributable thereto; 
 and the result of any of the foregoing shall be to increase the
cost to such Lender or such other Credit Party of making, converting to, continuing or maintaining any Loan (or of maintaining its obligation to make any such Loan) or to reduce the amount of any sum received or receivable by such Lender or such
other Credit Party hereunder (whether of principal, interest or otherwise), then, from time to time upon request of such Lender or such other Credit Party, the Borrower will pay to such Lender or such other Credit Party, as applicable, such
additional amount or amounts as will compensate such Lender or such other Credit Party, as applicable, for such additional costs or expenses incurred or reduction suffered. 
 (b) If any Lender determines that any Change in Law regarding capital or liquidity requirements has had or would have the effect of reducing the rate of return on such Lender’s capital or on the
capital of such Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by such Lender, to a level below that which such Lender or such Lender’s holding company could have
achieved but for such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy or liquidity), then, from time to time upon the request of such
Lender, the Borrower will pay to such Lender, as applicable, such additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 

(c) A certificate of a Credit Party setting forth the amount or amounts necessary to compensate such Lender or such Credit Party or its
holding company, as applicable, as specified in paragraph (a) or (b) of this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Credit Party the amount shown as due on any
such certificate within 10 days after receipt thereof. 

  
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 (d) Failure or delay on the part of any Credit Party to demand compensation pursuant to this
Section shall not constitute a waiver of such Credit Party’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Credit Party pursuant to this Section for any increased costs or expenses
incurred or reductions suffered more than 270 days prior to the date that such Credit Party notifies the Borrower of the Change in Law giving rise to such increased costs or expenses or reductions and of such Credit Party’s intention to claim
compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or expenses or reductions is retroactive, then the 270-day period referred to above shall be extended to include the period of retroactive
effect thereof. 
 SECTION 2.16. Break Funding Payments. 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 (whether or not such notice may be revoked in accordance with the terms hereof) 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 2.19(b) or 9.02(c), then, in any such event, the Borrower shall compensate each Lender for the
loss, cost and expense attributable to such event. In the case of a Eurodollar Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest
that would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable to such Loan (but not including the Applicable Rate applicable thereto), for the period from the date
of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest
that would accrue on such principal amount for such period at the interest rate that such Lender would bid were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and period from other banks in the London
interbank market. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall
pay such Lender the amount shown as due on any such certificate within 10 Business Days after receipt thereof. 
 SECTION 2.17.
Taxes. (a) Payment Free of Taxes. Any and all payments by or on account of any obligation of any Loan Party under this Agreement or any other Loan Document shall be made without deduction or withholding for any Taxes, except as
required by applicable law. If any applicable law (as determined in the good faith discretion of an applicable withholding agent) requires the deduction or withholding of any Tax from any such payment by a withholding agent, then the applicable
withholding agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax, then
the sum payable by the applicable Loan Party shall be increased as necessary so that after such 

  
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deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section) the applicable Credit Party receives an amount equal
to the sum it would have received had no such deduction or withholding been made. 
 (b) Payment of Other Taxes by the Loan
Parties. The Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent reimburse it for the payment of, any Other Taxes. 

(c) Evidence of Payment. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant
to this Section, such Loan Party 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. 
 (d) Indemnification by the Loan Parties. The Loan
Parties shall jointly and severally indemnify each Credit Party, within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this
Section) payable or paid by such Credit Party or required to be withheld or deducted from a payment to such Credit Party and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or
legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its
own behalf or on behalf of a Lender, shall be conclusive absent manifest error; provided that the Loan Parties shall not be required to indemnify a Credit Party pursuant to this Section to the extent that such Credit Party fails to notify the
Loan Parties of its intent to make a claim for indemnification under this Section within 270 days after a claim is asserted by the relevant Governmental Authority. 
 (e) Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand thereof, for (i) any Indemnified Taxes attributable to such
Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such
Lender’s failure to comply with the provisions of Section 9.04(c) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case that are payable or paid by the
Administrative Agent in connection with this Agreement or any other Loan Document and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability 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 or otherwise payable by the 

  
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Administrative Agent to such Lender from any other source against any amount due to the Administrative Agent under this paragraph. Any amounts set off by the Administrative Agent pursuant to the
preceding sentence shall, to the extent such amounts relate to any Loan Document, be treated as having been paid in accordance with, and for purposes of, such Loan Document. 
 (f) Status of Lenders. (i) Any Lender that is entitled to an exemption from, or reduction of, withholding Tax with respect to payments made under this Agreement or any other Loan Document
shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the
Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other
documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or
information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.17(f)(ii)(A),
2.17(f)(ii)(B) or 2.17(f)(ii)(D)) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the
legal or commercial position of such Lender. 
 (ii) Without limiting the generality of the foregoing, in the
event that the Borrower is a U.S. Person: 
 (A) any Lender that is a U.S. Person shall deliver to the
Borrower and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals
of IRS Form W-9 certifying that such Lender is exempt from U.S. Federal backup withholding Tax; 
 (B) any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes
a Lender under 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: 

(1) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is
a party (x) with respect to payments of interest under this Agreement or any other Loan Document, executed originals of IRS Form W-8BEN 

  
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establishing an exemption from, or reduction of, U.S. Federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other
applicable payments under this Agreement or any other Loan Document, IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. Federal withholding Tax pursuant to the “business profits” or “other income”
article of such tax treaty; 
 (2) executed originals of IRS Form W-8ECI; 

(3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under
Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit K-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent
shareholder” of the Borrower within the meaning of Section 871(h)(3)(B) of the Code or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance
Certificate”) and (y) executed originals of IRS Form W-8BEN; or 
 (4) to the extent a Foreign
Lender is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of Exhibit K-3 or Exhibit K-4, IRS Form W-9 and/or
another certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption,
such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit K-2 on behalf of each such direct or indirect partner; 

(C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the
Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the
Borrower or the Administrative Agent), executed originals of any other form prescribed by applicable 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 law to permit the Borrower or the Administrative Agent to determine withholding or deduction required to be made; and 

(D) if a payment made to a Credit Party under this Agreement or any other Loan Document would be subject to
U.S. Federal withholding Tax imposed by FATCA if such Credit Party were to fail to comply with 

  
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the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Credit Party 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 and to determine that such Credit Party has complied with such Credit Party’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall
include any amendments made to FATCA after the date of this Agreement. 
 (iii) To the extent legally
permissible, the Administrative Agent, in the event that the Administrative Agent is a U.S. Person, shall deliver an IRS Form W-9 to the Borrower and if the Administrative Agent is not a U.S. Person, the applicable IRS Form W-8 certifying its
exemption from U.S. withholding Taxes with respect to amounts payable hereunder, on or prior to the date the Administrative Agent becomes a party to this Agreement. 
 Each Credit Party agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall promptly update such form or certification or notify
the Borrower and the Administrative Agent in writing of its legal inability to do so. 
 (g) Treatment of Certain
Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section (including by the payment of additional amounts paid
pursuant to this Section), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all
out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified
party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay
such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph, in no event will any indemnified party be required to pay any amount to any indemnifying party pursuant to this paragraph the payment of which
would place such indemnified party in a less favorable net after-Tax position than such indemnified party would have been in if the indemnification payments or additional amounts giving rise to such refund had never been paid. This paragraph shall
not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person. 

  
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 (h) Survival. Each party’s obligations under this Section 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 the Commitments and the repayment, satisfaction or discharge of all obligations under this Agreement and the
other Loan Documents. 
 (i) The Borrower agrees that it will, to the extent required by applicable law, determine whether or
not the Loans are traded on an established market and, if so, will also determine the fair market value of the Loans (which, in such case and for the avoidance of doubt, will be the issue price of the Loans), each within the meaning of
Section 1.1273-2(f) of the United States Treasury Regulations. Any such determinations shall be made available to the Lenders as promptly as practicable, and in any case within 90 days, after the Effective Date in a commercially reasonable
fashion. 
 SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Setoffs. (a) The Borrower shall make
each payment required to be made by it hereunder or under any other Loan Document (whether of principal, interest, fees or of amounts payable under Section 2.15, 2.16 or 2.17, or otherwise) prior to the time expressly required hereunder or
under such other Loan Document for such payment (or, if no such time is expressly required, prior to 1:00 p.m., New York City time), on the date when due, in immediately available funds, without any defense, setoff, recoupment or counterclaim. Any
amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to
such account or accounts as may be specified by the Administrative Agent, except that payments pursuant to Sections 2.15, 2.16 or 2.17 and 9.03 shall be made directly to the Persons entitled thereto and payments pursuant to other Loan Documents
shall be made to the Persons specified therein. The Administrative Agent shall distribute any such payment received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment under this
Agreement or any other Loan Document shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable
for the period of such extension. All payments under this Agreement and each other Loan Document shall be made in dollars. 

(b) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal,
interest and fees then due hereunder, such funds shall be applied (i) 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 (ii) second, towards payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties. 

(c) Except to the extent that this Agreement provides for payments to be disproportionately allocated to or retained by a particular
Lender or group of Lenders (including in connection with the payment of interest or fees at different rates and the 

  
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repayment of principal amounts of Loans at different times as a result of Refinancing Facility Agreements pursuant to Section 2.22), each Lender agrees that if it shall, by exercising any
right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and accrued interest
thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall notify the Administrative Agent of such fact and shall purchase (for cash at face value) participations in the Loans of other Lenders
to the extent necessary so that the aggregate amount of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans; provided that (i) if
any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the
provisions of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement (for the avoidance of doubt, as in effect from time to time), including any
payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans to any Eligible Assignee, other than to the Borrower or any Subsidiary or other Affiliate thereof in a transaction that does not
comply with the terms of Section 2.24 or Section 9.04(e) or (f), as applicable (as to which the provisions of this paragraph shall apply). 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 setoff 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. 
 (d) Unless the Administrative Agent shall have received notice from the
Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on
such date in accordance herewith and may (but shall not be obligated), in reliance upon such assumption and in its sole discretion, distribute to the Lenders the amount due. In such event, if the Borrower has not in fact made such payment, then each
of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the
date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

(e) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.06(a) or (b), 2.17(e), 2.18(d) or
9.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), (i) apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s
obligations in respect of such payment until all such unsatisfied obligations have been discharged and/or (ii) hold any such amounts in a segregated account as cash collateral for, and application to, any future funding

  
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obligations of such Lender under any such Section, in the case of each of clauses(i) and (ii) above, in any order as determined by the Administrative Agent in its discretion. 

SECTION 2.19. Mitigation Obligations; Replacement of Lenders. (a) If any Lender requests compensation under
Section 2.15, or if any Loan Party is required to pay any Indemnified Taxes or additional amounts to any Lender or to any Governmental Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall (at the
request of the Borrower) use commercially reasonable efforts to designate a different lending office for funding or booking its Loans hereunder 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 2.15 or 2.17, as applicable, in the future and (ii) would not subject such
Lender to any unreimbursed cost or expense and would not be inconsistent with its internal policies or otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in
connection with any such designation or assignment and delegation. 
 (b) If (i) any Lender has requested compensation
under Section 2.15 or (ii) the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, then the Borrower may, at its
sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04(c)), all its interests,
rights (other than its existing rights to payments pursuant to Section 2.15 or 2.17) 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) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and accrued interest thereon, accrued fees and all other
amounts payable to it hereunder (including, if applicable, the prepayment fee pursuant to Section 2.11(h) (with such assignment being deemed to be an optional prepayment for purposes of determining the applicability of such Section)) (if
applicable, in each case only to the extent such amounts relate to its interest as a Lender of a particular Class) from the assignee (in the case of such principal and accrued interest and fees (other than any fee payable pursuant to
Section 2.11(h)) or the Borrower (in the case of all other amounts (including any fee payable pursuant to Section 2.11(h))), (B) the Borrower or such assignee shall have paid to the Administrative Agent the processing and recordation
fee specified in Section 9.04(b), (C) in the case of any such assignment and delegation resulting from a claim for compensation under Section 2.15 or payments required to be made pursuant to Section 2.17, such assignment will
result in a material reduction in such compensation or payments, and (D) such assignment does not conflict with applicable law. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver
or consent 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 have ceased to apply. Each party
hereto agrees that an assignment and delegation required pursuant to this 

  
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paragraph may be effected pursuant to an Assignment and Assumption executed by the Borrower, the Administrative Agent and the assignee and that the Lender required to make such assignment and
delegation need not be a party thereto. 
 SECTION 2.20. [Reserved] 

SECTION 2.21. Incremental Facilities. (a) The Borrower may on one or more occasions, by written notice to the Administrative
Agent, request the establishment of Incremental Term Commitments, provided that the sum of the cumulative aggregate original amount of all the Incremental Term Commitments established under this Section and aggregate original amount of all
Alternative Incremental Facility Indebtedness incurred under Section 6.01(a)(xiii) shall not, on the date of effectiveness of any Incremental Term Commitments under this Section or the date of issuance of any such Alternative Incremental
Facility Indebtedness, as the case may be, exceed the Maximum Incremental Amount in effect on such date. Each such notice shall specify (A) the date on which the Borrower proposes that the Incremental Term Commitments shall be effective, which
shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent) after the date on which such notice is delivered to the Administrative Agent and (B) the amount of the Incremental Term
Commitments being requested (it being agreed that (x) any Lender approached to provide any Incremental Term Commitment may elect or decline, in its sole discretion, to provide such Incremental Term Commitment and (y) any Person that the
Borrower proposes to become an Incremental Term Lender, if such Person is not then a Lender, must be an Eligible Assignee. 

(b) The terms and conditions of any Incremental Term Facility and the Incremental Term Loans to be made thereunder shall be, except as
otherwise set forth herein or in the applicable Incremental Facility Amendment, identical to those of the Effective Date Term Loans and related Commitments; provided that (i) the upfront fees, interest rates and amortization schedule
applicable to any Incremental Term Facility and Incremental Term Loans shall be determined by the Borrower and the Incremental Term Lenders providing the relevant Incremental Term Commitments, (ii) except in the case of an Incremental Term
Facility effected as an increase to an existing Class of Loans, the weighted average life to maturity of any Incremental Term Loans shall be no shorter than the remaining weighted average life to maturity of the Loans with the Latest Maturity Date,
(iii) if the weighted average yield relating to any Incremental Term Loan exceeds the weighted average yield relating to the Effective Date Loans immediately prior to the effectiveness of the applicable Incremental Facility Amendment by more
than 0.50% (to be determined by the Administrative Agent consistent with generally accepted financial practices, after giving effect to margins, upfront or similar fees, or original issue discount, in each case shared with all lenders or holders
thereof and applicable interest rate floors (but only to the extent that an increase in the interest rate floor applicable to the Effective Date Loans would result in an increase in an interest rate then in effect for the Effective Date Loans
hereunder)), then the Applicable Rate (A) relating to the Effective Date Loans shall be adjusted so that the weighted average yield relating to such Incremental Term Loans shall not exceed the weighted average yield relating to the Effective
Date Loans by more than 0.50%; provided that any greater interest rate floor applicable to such 

  
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Incremental Term Facility will, if requiring an adjustment hereunder, be reflected as an increase to the interest rate floor applicable to the Effective Date Loans rather than being reflected in
an adjustment to the Applicable Rate) and (iv) no Incremental Term Loan Maturity Date shall be earlier than the Latest Maturity Date. Any Incremental Term Commitments established pursuant to an Incremental Facility Amendment that have identical
terms and conditions, and any Incremental Term Loans made thereunder, shall be designated as a separate series (each a “Series”) of Incremental Term Commitments and Incremental Term Loans for all purposes of this Agreement. Each
Incremental Term Facility and all extensions of credit thereunder shall be secured by the Collateral on a pari passu basis with the other Obligations. 
 (c) The Incremental Term Commitments and Incremental Term Facilities relating thereto shall be effected pursuant to one or more Incremental Facility Amendments executed and delivered by Holdings, the
Borrower, each Incremental Term Lender providing such Incremental Term Commitments and Incremental Term Facilities and the Administrative Agent; provided that no Incremental Term Commitments shall become effective unless (i) no Default
or Event of Default shall have occurred and be continuing on the date of effectiveness thereof, both immediately prior to and immediately after giving effect to such Incremental Term Commitments and the making of Loans on such date, (ii) on the
date of effectiveness thereof, the representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct (A) in the case of the representations and warranties qualified as to materiality, in all respects
and (B) otherwise, in all material respects, in each case on and as of such date, except in the case of any such representation and warranty that expressly relates to a prior date, in which case such representation and warranty shall be so true
and correct on and as of such prior date, (iii) the Borrower shall make any payments required to be made pursuant to Section 2.16 in connection with such Incremental Term Commitments and the related transactions under this Section and
(iv) the Borrower shall have delivered to the Administrative Agent such customary legal opinions, board resolutions, secretary’s certificates, officer’s certificates and other documents in connection with any such transaction,
including a certificate of a Financial Officer of the Borrower to the effect set forth in clauses (i) and (ii) above, together with reasonably detailed calculations demonstrating compliance with Section 2.21(a) above. Each Incremental
Facility Amendment may, without the consent of any Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate to give effect to the provisions of this Section, provided that to the extent
that any term of any such amendment could not be approved as an amendment of this Agreement by the Lenders providing such Incremental Term Commitments voting a single Series without the approval of any other Lender, such amendment will be subject to
the approval of the requisite Lenders required under this Agreement. 
 (d) Upon the effectiveness of an Incremental Term
Commitment of any Incremental Term Lender, such Incremental Term Lender shall be deemed to be a “Lender” (and a Lender in respect of Commitments and Loans of the applicable Class) hereunder, and henceforth shall be entitled to all the
rights of, and benefits accruing to, Lenders (or Lenders in respect of Commitments and Loans of the applicable Class) hereunder and shall be bound by all agreements, acknowledgements and other obligations

  
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of Lenders (or Lenders in respect of Commitments and Loans of the applicable Class) hereunder and under the other Loan Documents. 

(e) Subject to the terms and conditions set forth herein and in the applicable Incremental Facility Amendment, each Lender holding an
Incremental Term Commitment of any Series shall make a loan to the Borrower in an amount equal to such Incremental Term Commitment on the date specified in such Incremental Facility Amendment. 

(f) The Administrative Agent shall notify the Lenders promptly upon receipt by the Administrative Agent of any notice from the Borrower
referred to in Section 2.21(a) and of the effectiveness of any Incremental Term Commitments, in each case advising the Lenders of the details thereof. 
 SECTION 2.22. Refinancing Facilities. (a) The Borrower may, on one or more occasions, by written notice to the Administrative Agent, request the establishment hereunder of one or more
additional Classes of term loan commitments (the “Refinancing Term Loan Commitments”) pursuant to which each Person providing such a commitment (a “Refinancing Term Lender”) will make term loans to the Borrower (the
“Refinancing Term Loans”); provided that each Refinancing Term Lender shall be an Eligible Assignee. 

(b) The Refinancing Term Loan Commitments shall be effected pursuant to one or more Refinancing Facility Agreements executed and
delivered by Holdings, the Borrower, each Refinancing Lender providing such Refinancing Term Loan Commitments and the Administrative Agent; provided that no Refinancing Term Loan Commitments shall become effective unless (i) no Default
shall have occurred and be continuing on the date of effectiveness thereof, (ii) on the date of effectiveness thereof, the representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct (A) in
the case of the representations and warranties qualified as to materiality, in all respects and (B) otherwise, in all material respects, in each case on and as of such date, except in the case of any such representation and warranty that
specifically relates to an earlier date, in which case such representation and warranty shall be so true and correct on and as of such earlier date, (iii) Holdings and the Borrower shall have delivered to the Administrative Agent such customary
legal opinions, board resolutions, secretary’s certificates, officer’s certificates and other documents in connection with any such transaction and (iv) substantially concurrently with the effectiveness thereof, the Borrower shall
obtain Refinancing Term Loans thereunder and shall repay or prepay then outstanding Borrowings of one or more Classes in an aggregate principal amount equal to the aggregate amount of such Refinancing Term Loan Commitments (less the aggregate amount
of accrued and unpaid interest with respect to such outstanding Borrowings and any reasonable fees, premium and expenses relating to such refinancing). The Borrower shall determine the amount of such prepayments allocated to each Class of
outstanding Loans. 
 (c) The Refinancing Facility Agreement shall set forth, with respect to the Refinancing Term Loan
Commitments established thereby and the Refinancing Term 

  
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Loans and other extensions of credit to be made thereunder, to the extent applicable, the following terms thereof: (i) the designation of such Refinancing Term Loan Commitments and
Refinancing Term Loans as a new “Class” for all purposes hereof, (ii) the stated termination and maturity dates applicable to the Refinancing Term Loan Commitments or Refinancing Term Loans of such Class; provided that such
stated termination and maturity dates shall not be earlier than the Maturity Date applicable to the Class of Loans so refinanced, (iii) any amortization applicable thereto and the effect thereon of any prepayment of such Refinancing Term Loans,
(iv) the interest rate or rates applicable to the Refinancing Term Loans of such Class, (v) the fees applicable to the Refinancing Term Loan Commitments or Refinancing Term Loans of such Class, (vi) any original issue discount
applicable thereto, (vii) the initial Interest Period or Interest Periods applicable to Refinancing Term Loans of such Class, (viii) any voluntary or mandatory commitment reduction or prepayment requirements applicable to Refinancing Term
Loan Commitments or Refinancing Term Loans of such Class (which prepayment requirements may provide that such Refinancing Term Loans may participate in any mandatory prepayment on a pro rata basis with any Class of existing Loans, but
may not provide for prepayment requirements that are more favorable to the Lenders holding such Refinancing Term Loans than to the Lenders holding such Class of Loans) and any restrictions on the voluntary or mandatory reductions or prepayments of
Refinancing Term Loan Commitments or Refinancing Term Loans of such Class, and (ix) any financial covenant with which Holdings and the Borrower shall be required to comply, provided that any such financial covenant shall be for the
benefit of all Lenders. Except as contemplated by the preceding sentence, the terms of the Refinancing Term Loan Commitments and Refinancing Term Loans shall be substantially the same as the terms of the existing Commitments and the existing Loans.
The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Refinancing Facility Agreement. Each Refinancing Facility Agreement may, without the consent of any Lender other than the applicable Refinancing Term Lenders,
effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate to give effect to the provisions of this Section, including any amendments necessary to treat the applicable Refinancing Term Loan Commitments
and Refinancing Term Loans as a new “Class” of Loans and/or Commitments hereunder. 
 SECTION 2.23. Loan
Modification Offers. (a) The Borrower may on one or more occasions, by written notice to the Administrative Agent, make one or more offers (each, a “Loan Modification Offer”) to all (and not fewer than all) the Lenders of
one or more Classes (each Class subject to such an Loan Modification Offer, an “Affected Class”) to make one or more Permitted Amendments pursuant to procedures reasonably specified by the Administrative Agent and reasonably
acceptable to the Borrower. Such notice shall set forth (i) the terms and conditions of the requested Loan Modification Offer and (ii) the date on which such Loan Modification Offer is requested to become effective (which shall not be less
than ten Business Days nor more than 60 Business Days after the date of such notice, unless otherwise agreed to by the Administrative Agent). Permitted Amendments shall become effective only with respect to the Loans and Commitments of the Lenders
of the Affected Class that accept the applicable Loan Modification Offer (such Lenders, the “Accepting Lenders”) and, in the case of any Accepting Lender, only with respect to such Lender’s Loans and

  
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Commitments of the Affected Class as to which such Lender’s acceptance has been made. With respect to all Permitted Amendments consummated by the Borrower pursuant to this Section,
(i) such Permitted Amendments shall not constitute voluntary or mandatory payments or prepayments for purposes of Section 2.11 and (ii) any Loan Modification Offer, unless contemplating a Maturity Date already in effect hereunder
pursuant to a previously consummated Permitted Amendment, must be in a minimum amount of $25,000,000 (or such lesser amount as may be approved by the Administrative Agent in its reasonable discretion), provided that the Borrower may at its
election specify as a condition (a “Minimum Extension Condition”) to consummating any such Permitted Amendment that a minimum amount (to be determined and specified in the relevant Loan Modification Offer in the Borrower’s sole
discretion and which may be waived by the Borrower) of Commitments or Loans of any or all Affected Classes be extended. If the aggregate principal amount of Commitments or Loans of any Affected Class in respect of which Lenders shall have accepted
the relevant Loan Modification Offer shall exceed the maximum aggregate principal amount of Commitments or Loans of such Affected Class offered to be extended by the Borrower pursuant to such Loan Modification Offer, then the Commitments and Loans
of such Lenders shall be extended ratably up to such maximum amount based on the relative principal amounts (but not to exceed actual holdings of record) with respect to which such Lenders have accepted such Loan Modification Offer. 

(b) A Permitted Amendment shall be effected pursuant to a Loan Modification Agreement executed and delivered by Holdings, the Borrower,
each Accepting Lender and the Administrative Agent; provided that no Permitted Amendment shall become effective unless (i) no Default shall have occurred and be continuing on the date of effectiveness thereof, (ii) on the date of
effectiveness thereof, the representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct (A) in the case of the representations and warranties qualified as to materiality, in all respects and
(B) otherwise, in all material respects, in each case on and as of such date, except in the case of any such representation and warranty that specifically relates to an earlier date, in which case such representation and warranty shall be so
true and correct on and as of such earlier date, (iii) Holdings and the Borrower shall have delivered, or agreed to deliver by a date following the effectiveness of such Permitted Amendment reasonably acceptable to the Administrative Agent, to
the Administrative Agent such customary legal opinions, board resolutions, secretary’s certificates, officer’s certificates and other documents (including reaffirmation agreements, supplements and/or amendments to Mortgages or other
Security Documents, in each case to the extent applicable) in connection therewith and (iv) any applicable Minimum Extension Condition shall be satisfied (unless waived by the Borrower). The Administrative Agent shall promptly notify each
Lender as to the effectiveness of each Loan Modification Agreement. Each Loan Modification Agreement may, without the consent of any Lender other than the applicable Accepting Lenders, effect such amendments to this Agreement and the other Loan
Documents as may be necessary or appropriate to give effect to the provisions of this Section, including any amendments necessary to treat the applicable Loans and/or Commitments of the Accepting Lenders as a new Class of loans and/or commitments
hereunder (and the Lenders hereby irrevocably authorize the Administrative Agent to enter into any such amendments); provided that all prepayments 

  
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of Loans shall continue to be made on a ratable basis among all Lenders, based on the relative amounts of their Loans (i.e., both extended and non-extended), until the repayment of the
Loans on the relevant Maturity Date. The Administrative Agent and the Lenders hereby acknowledge that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement are
not intended to apply to the transactions effected pursuant to this Section 2.23. This Section 2.23 shall supersede any provisions in Section 2.18 or Section 9.02 to the contrary. 

SECTION 2.24. Loan Repurchases. (a) Subject to the terms and conditions set forth or referred to below, a Purchasing Borrower
Party may from time to time, in its discretion (x) effect open market purchases of Loans on a non-pro rata basis and (y) conduct modified Dutch auctions to make Auction Purchase Offers, each such Auction Purchase Offer to be managed by an
investment bank of recognized standing selected by the Borrower (in such capacity, the “Auction Manager”) and to be conducted in accordance with the procedures, terms and conditions set forth in this Section and the Auction
Procedures, in each case, so long as the following conditions are satisfied: 
 (i) no Default or Event of
Default shall have occurred and be continuing at the time of purchase of any Loans or, in the case of clause (y) above, on the date of the delivery of each Auction Notice; 

(ii) the assigning Lender and the Purchasing Borrower Party shall execute and deliver to the Administrative Agent an
Affiliated Assignment and Assumption in lieu of an Assignment and Assumption; 
 (iii) the maximum principal
amount (calculated on the face amount thereof) of Loans that the Purchasing Borrower Party offers to purchase in any Auction Purchase Offer shall be no less than $10,000,000 (unless another amount is agreed to by the Administrative Agent in its
reasonable discretion); 
 (iv) any Loans assigned to any Purchasing Borrower Party shall be automatically and
permanently cancelled upon the effectiveness of such assignment and will thereafter no longer be outstanding for any purpose hereunder, and such Loans may not be resold (it being understood and agreed that (A) any gains or losses by any
Purchasing Borrower Party upon purchase or acquisition and cancellation of such Loans shall not be taken into account in the calculation of Excess Cash Flow, Consolidated Net Income and Consolidated EBITDA and (B) any assignment of Loans
pursuant to this Section shall not constitute a voluntary or mandatory prepayment of Loans for purposes of this Agreement); 
 (v) if the Loans are rated by S&P and/or Moody’s at the time of any Auction Purchase Offer, prior to commencing such Auction Purchase Offer, the Borrower shall have discussed such proposed
Auction Purchase Offer with each (or both, as applicable) of S&P and Moody’s and, based upon such discussions, shall reasonably believe that the proposed purchase of Loans through such Auction Purchase Offer shall not be deemed to be a
“distressed exchange”; 

  
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 (vi) if the Loans are rated by S&P and/or Moody’s at the time of
any Auction Purchase Offer, at the time of each purchase of Loans pursuant to such Auction Purchase Offer, neither S&P nor Moody’s shall have announced or communicated to the Borrower that the proposed purchase of Loans through such Auction
Purchase Offer shall be deemed to be a “distressed exchange”; 
 (vii) no more than one Auction
Purchase Offer with respect to any Class may be ongoing at any one time and no more than four Auction Purchase Offers (regardless of Class) may be made in any one year; 

(viii) any Purchasing Borrower Party shall not have at the time of such assignment (and shall represent and warrant at the
time of such assignment that it does not have) any MNPI that either (A) has not been disclosed to the assigning Lender (other than any such Lender that does not wish to receive MNPI) on or prior to the date of any assignment to such Purchasing
Borrower Party or (B) if not disclosed to such Lender, could reasonably be expected to have a material effect upon, or otherwise be material to, (1) such Lender’s decision to make such assignment or (2) the market price of the
Loans to be assigned to such Purchasing Borrower Party; 
 (ix) at the time of each purchase of Loans through an
Auction Purchase Offer, the Borrower shall have delivered to the Auction Manager an officer’s certificate of a Financial Officer of the Borrower certifying as to compliance with preceding clauses (i), (iv), (v), (vi) and (viii);

 (x) no Purchasing Borrower Party may use the proceeds, direct or indirect, from revolving loans incurred under
the First Lien Credit Agreement to purchase any Loans; and 
 (xi) the aggregate principal amount of Loans of any
Class purchased by any Purchasing Borrower Party in open market purchases pursuant to this Section, when taken together with the aggregate principal amount of Loans of such Class purchased by or assigned to Purchasing Debt Affiliates (other than
Debt Fund Affiliates) pursuant to Section 9.04(f), shall not in any event exceed 25% of the initial aggregate principal amount of Loans of such Class (plus, in the event of a subsequent increase in the principal amount of Loans of such
Class pursuant to an Incremental Term Facility, 25% of the initial amount of such increase on the date of consummation of such Incremental Term Facility) (it being understood that such 25% limitation will be calculated based on such initial
principal amounts and the cumulative principal amounts so purchased, regardless of any cancellation of any Loans purchased (including pursuant to Auction Purchase Offers) or any repayment or prepayment of Loans). 

(b) A Purchasing Borrower Party must terminate any Auction Purchase Offer if it fails to satisfy one or more of the conditions set forth
above which are required to be met at the time which otherwise would have been the time of purchase of Loans pursuant to such Auction Purchase Offer. If a Purchasing Borrower Party commences 

  
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any Auction Purchase Offer (and all relevant requirements set forth above which are required to be satisfied at the time of the commencement of such Auction Purchase Offer have in fact been
satisfied), and if at such time of commencement the Purchasing Borrower Party reasonably believes that all required conditions set forth above which are required to be satisfied at the time of the consummation of such Auction Purchase Offer shall be
satisfied, then the Purchasing Borrower Party shall have no liability to any Lender for any termination of such Auction Purchase Offer as a result of the failure to satisfy one or more of the conditions set forth above which are required to be met
at the time which otherwise would have been the time of consummation of such Auction Purchase Offer, and any such failure shall not result in any Default or Event of Default hereunder. With respect to all purchases of Loans of any Class or Classes
made by a Purchasing Borrower Party pursuant to this Section, (x) the Purchasing Borrower Party shall pay on the settlement date of each such purchase all accrued and unpaid interest (except to the extent otherwise set forth in the relevant
offering documents), if any, on the purchased Loans of the applicable Class or Classes up to the settlement date of such purchase and (y) such purchases (and the payments made by the Purchasing Borrower Party and the cancellation of the
purchased Loans) shall not constitute voluntary or mandatory payments or prepayments for purposes of Section 2.11 or any other provision hereof. 
 (c) The Administrative Agent and the Lenders hereby consent to the Auction Purchase Offers and the other transactions effected pursuant to and in accordance with the terms of this Section (provided
that no Lender shall have an obligation to participate in any such Auction Purchase Offer). For the avoidance of doubt, it is understood and agreed that the provisions of Section 2.18 will not apply to the purchases of Loans pursuant to and in
accordance with the provisions of this Section. The Auction Manager acting in its capacity as such hereunder shall be entitled to the benefits of the provisions of Article VIII and Article IX to the same extent as if each reference therein to the
“Administrative Agent” were a reference to the Auction Manager, and the Administrative Agent shall cooperate with the Auction Manager as reasonably requested by the Auction Manager in order to enable it to perform its responsibilities and
duties in connection with each Auction Purchase Offer. 
 ARTICLE III 

Representations and Warranties 
 Each of Holdings and the Borrower represents and warrants to the Administrative Agent and each of the Lenders that: 
 SECTION 3.01. Organization; Powers. Each of Holdings, the Borrower and each Subsidiary (a) is duly organized, validly existing and, to the extent that such concept is applicable in the
relevant jurisdiction, in good standing under the laws of the jurisdiction of its organization, (b) has all requisite power and authority, and the legal right, to carry on its business as now conducted and as proposed to be conducted, to
execute, deliver and perform its obligations under this Agreement and each other Loan Document and each other agreement or instrument contemplated thereby to which it is a 

  
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party and to effect the Transactions and (c) except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, is
qualified to do business in, and, to the extent that such concept is applicable in the relevant jurisdiction, is in good standing in, every jurisdiction where such qualification is required. 

SECTION 3.02. Authorization; Due Execution and Delivery; Enforceability. The Transactions to be entered into by each Loan Party
have been duly authorized by all necessary corporate or other organizational action and, if required, action by the holders of such Loan Party’s Equity Interests. This Agreement has been duly executed and delivered by each of Holdings and 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 Holdings, the Borrower or such Loan Party, as
applicable, enforceable against such Person 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 3.03. Governmental Approvals; No
Conflicts. The 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 any Requirement of Law applicable to Holdings, the Borrower or any Subsidiary, (c) will not violate or result (alone or with notice or lapse
of time or both) in a default under any indenture or agreement governing Indebtedness, any material agreement or any other material instrument binding upon Holdings, the Borrower or any Subsidiary or their respective assets, or give rise to a right
thereunder to require any payment, repurchase or redemption to be made by Holdings, the Borrower or any Subsidiary or give rise to a right of, or result in, termination, cancelation or acceleration of any obligation thereunder and (d) will not
result in the creation or imposition of any Lien on any asset now owned or hereafter acquired by Holdings, the Borrower or any Subsidiary, except Liens created under the Loan Documents and the First Lien Security Documents. 

SECTION 3.04. Financial Condition; No Material Adverse Change. (a) The Borrower has heretofore furnished to the Lenders
(i) the consolidated balance sheet of Holdings as of December 31, 2012, and the related consolidated statements of operations and income, stockholders’ equity and cash flows of Holdings for the fiscal year ended December 31,
2012, in each case audited by and accompanied by an opinion of Ernst & Young LLP, independent public accountants (without a “going concern” or like qualification or exception and without any qualification or exception as to the
scope of such audit) and (ii) an unaudited consolidated balance sheet of Holdings as at the end of, and related statements of income and cash flows of Holdings for the fiscal quarter and the portion of the fiscal year ended June 30, 2013
(and comparable period for the prior fiscal year), certified by its chief financial officer. Such financial statements present fairly, in all material respects, the financial position and results of operations and cash

  
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flows of Holdings, the Borrower and the Subsidiaries on a consolidated basis as of such dates and for such periods in accordance with GAAP consistently applied, subject to normal year-end audit
adjustments and the absence of certain footnotes in the case of the statements referred to in clause (ii) above. 
 (b) The
Borrower has heretofore furnished to the Lenders a pro forma consolidated balance sheet of Holdings as at the end of June 30, 2013, prepared giving effect to the Transactions to be consummated on the Effective Date as if such Transactions had
occurred on such date or at the beginning of such period, as the case may be. Such pro forma financial statements (i) have been prepared by the Borrower in good faith based on the same assumptions used to prepare the pro forma financial
statements included in the Confidential Information Memorandum (which assumptions are believed by Holdings and the Borrower on the date hereof to be reasonable), (ii) are based on the best information available to Holdings and the Borrower as
of the date of delivery thereof after due inquiry, (iii) accurately reflect all adjustments necessary to give effect to the Transactions and (iv) present fairly, in all material respects, the pro forma financial position of Holdings, the
Borrower and the Subsidiaries as of such date, as if the Transactions had occurred on such date. 
 (c) To the knowledge of the
Borrower and Holdings, except as disclosed in the financial statements referred to above or the notes thereto or in the Confidential Information Memorandum, after giving effect to the Transactions, none of Holdings, the Borrower or any Subsidiary
has, as of the Effective Date, any material direct or contingent liabilities, unusual long-term commitments or unrealized losses. 
 (d) Since December 31, 2012, there has been no event or condition that has resulted, or could reasonably be expected to result, in a Material Adverse Effect. 

SECTION 3.05. Properties. (a) Each of Holdings, the Borrower and each Subsidiary has good title to, or valid leasehold
interests in, all its real and personal property material to its business (including Mortgaged Properties, if any), except for minor defects in title that could not reasonably be expected to materially 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. All such property is free and clear of Liens, other than Liens expressly permitted by Section 6.02. 

(b) Each of Holdings, the Borrower and each Subsidiary owns, or is licensed to use, all trademarks, tradenames, copyrights, patents,
licenses, technology, software, domain names and other Intellectual Property material to its business as currently conducted and as proposed to be conducted, and the use thereof by Holdings, the Borrower and each Subsidiary does not infringe upon
the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No claim or litigation regarding any trademarks, tradenames,
copyrights, patents, licenses, technology, software, domain names or other Intellectual Property owned or used by Holdings, the Borrower or any Subsidiary is pending or, to the knowledge of Holdings, the Borrower or any Subsidiary, threatened
against Holdings, the Borrower or any Subsidiary that, 

  
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individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.06. Litigation and Environmental Matters. (a) There are no actions, suits, investigations or proceedings at law or in equity or by or before any arbitrator or Governmental Authority
pending against or, to the knowledge of Holdings, the Borrower or any Subsidiary, threatened in writing against or affecting Holdings, the Borrower or any Subsidiary (i) that could reasonably be expected, individually or in the aggregate, to
result in a Material Adverse Effect, (other than the Disclosed Matters set forth in Schedule 3.06 of the Disclosure Letter) or (ii) that involve any of the Loan Documents or the Transactions. 

(b) Except for the Disclosed Matters set forth in Schedule 3.06 of the Disclosure Letter and except with respect to any matters that,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, none of Holdings, the Borrower or any 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 become subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows
of any basis for any Environmental Liability. 
 SECTION 3.07. Compliance with Laws and Agreements; No Default. Each of
Holdings, the Borrower and each Subsidiary is in compliance with (a) all Requirements of Law and (b) all indentures, agreements and other instruments binding upon it or its property, except, in the case of clause (b) of this Section,
where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing. 

SECTION 3.08. Investment Company Status; Other Regulations. None of Holdings, the Borrower or any Subsidiary is an
“investment company” as defined in, or subject to regulation under, the Investment Company Act. No Loan Party is subject to regulation under any Requirement of Law (other than Regulation X of the Board of Governors) that limits its ability
to incur Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. 
 SECTION 3.09.
Federal Reserve Regulations. None of Holdings, the Borrower or any 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, for any purpose that entails a violation (including on the
part of any Lender) of any of the regulations of the Board of Governors, including Regulations U and X. Not more than 25% of the value of the assets of Holdings, the Borrower and the Subsidiaries subject to any restrictions on the sale, pledge or
other disposition of assets under this Agreement, any other Loan Document or any other agreement to which any Lender or Affiliate of a Lender is party will at any time be 

  
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represented by margin stock (within the meaning of Regulation U of the Board of Governors). 
 SECTION 3.10. Taxes. Each of Holdings, the Borrower and each Subsidiary (a) has timely filed or caused to be filed all Tax returns and reports required to have been filed by it, except to the
extent that failure to do so could not reasonably be expected to result in a Material Adverse Effect, and (b) has paid or caused to be paid all Taxes required to have been paid by it, except where the validity or amount thereof is being
contested in good faith by appropriate proceedings; provided that (i) Holdings, the Borrower or such Subsidiary, as applicable, has set aside on its books adequate reserves therefor in conformity with GAAP and (ii) the failure to
pay such Taxes, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

SECTION 3.11. ERISA. (a) The Borrower, each of its ERISA Affiliates, and each Subsidiary is in compliance with the applicable
provisions of ERISA and the Code and the regulations and published interpretations thereunder with respect to each Plan, except as could not reasonably be expected to result in a Material Adverse Effect. No ERISA Events have occurred or are
reasonably expected to occur that could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. The present value of all benefit liabilities under each Plan (based on the assumptions used for purposes of
Statement of Financial Accounting Standards Nos. 87 and 158, as applicable) did not, as of the last annual valuation date applicable thereto, exceed the fair market value of the assets of such Plan, and the present value of all benefit liabilities
of all underfunded Plans (based on the assumptions used for purposes of Statement of Financial Accounting Standards Nos. 87 and 158, as applicable) did not, as of the last annual valuation dates applicable thereto, exceed the fair market value of
the assets of all such underfunded Plans except in each such case where such underfunding could not reasonably be expected to have a Material Adverse Effect. 
 (b) Each Foreign Pension Plan is in compliance with all requirements of law applicable thereto and the respective requirements of the governing documents for such plan, except as could not reasonably be
expected to result in a Material Adverse Effect. With respect to each Foreign Pension Plan, none of Holdings, the Borrower or any Subsidiary or any of their respective directors, officers, employees or agents has engaged in a transaction which would
subject Holdings, the Borrower or any Subsidiary, directly or indirectly, to a tax or civil penalty which could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. With respect to each Foreign Pension
Plan, reserves have been established in the financial statements in respect of any unfunded liabilities in accordance with applicable law or, where required, in accordance with ordinary accounting practices in the jurisdiction in which such Foreign
Pension Plan is maintained. The aggregate unfunded liabilities with respect to such Foreign Pension Plans could not reasonably be expected to result in a Material Adverse Effect; the present value of the aggregate accumulated benefit liabilities of
all such Foreign Pension Plans (based on those assumptions used to fund each such Foreign Pension Plan) did not, as of the last annual valuation date applicable thereto, exceed the fair market value of the assets of all such Foreign Pension Plans
except in such case 

  
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where the underfunding could not reasonably be expected to have a Material Adverse Effect. 
 SECTION 3.12. Labor Matters. Except as in the aggregate as could not reasonably be expected to have a Material Adverse Effect, (i) there are no strikes, lockouts or slowdowns or any other
material labor disputes against Holdings, the Borrower or any Subsidiary pending or, to the knowledge of Holdings, the Borrower or any Subsidiary, threatened, (ii) the hours worked by and payments made to employees of each of Holdings, the
Borrower and each Subsidiary have not been in violation of the Fair Labor Standards Act or any other applicable Federal, state, local or foreign law dealing with such matters, (iii) all payments due from Holdings, the Borrower or any
Subsidiary, or for which any claim may be made against Holdings, the Borrower or any Subsidiary, on account of wages and employee health and welfare insurance and other benefits have been paid or accrued as a liability on the books of Holdings, the
Borrower or such Subsidiary and (iv) the consummation of the Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which Holdings, the
Borrower or any Subsidiary is bound. 
 SECTION 3.13. Disclosure. Neither the Confidential Information Memorandum nor any
of the other reports, financial statements, certificates or other information furnished by or on behalf of Holdings, the Borrower or any Subsidiary to any Arranger, the Administrative Agent or any Lender in connection with the negotiation of this
Agreement or any other Loan Document, included herein or therein or furnished hereunder or thereunder (as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact
necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to forecasts and projected financial information, each of Holdings and the Borrower represents
only that such information was prepared in good faith based upon assumptions believed by it to be reasonable at the time so furnished and, if such projected financial information was furnished prior to the Effective Date, as of the Effective Date
(it being understood and agreed that any such projected financial information may vary from actual results and that such variations may be material). 
 SECTION 3.14. Subsidiaries. Schedule 3.14 to the Disclosure Letter sets forth the name of, and the ownership interest of Holdings, the Borrower and each Subsidiary in, each Subsidiary and each
class of Equity Interest of each Subsidiary and identifies each Subsidiary that is a Subsidiary Loan Party or an Excluded Subsidiary, in each case as of the Effective Date. The Equity Interests in the Borrower and each Subsidiary have been duly
authorized and validly issued and are fully paid and nonassessable, and such Equity Interests are owned by Holdings or the Borrower, directly or indirectly, free and clear of all Liens (other than Liens created under the Loan Documents and the First
Lien Security Documents). Except as set forth in Schedule 3.14 to the Disclosure Letter, as of the Effective Date, there is no existing option, warrant, call, right, commitment or other agreement to which Holdings, the Borrower or any Subsidiary is
a party requiring, and there are no Equity Interests in any Subsidiary outstanding that upon exercise, conversion or exchange would require, the issuance by the Borrower or 

  
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any Subsidiary of any additional Equity Interests or other securities exercisable for, convertible into, exchangeable for or evidencing the right to subscribed for or purchase any Equity
Interests in the Borrower or any Subsidiary. 
 SECTION 3.15. Insurance. Schedule 3.15 to the Disclosure Letter sets
forth a complete and correct description of all insurance maintained by or on behalf of Holdings, the Borrower or any Subsidiary as of the Effective Date. As of the Effective Date, such insurance is in full force and effect and all premiums in
respect of such insurance have been paid. Holdings and the Borrower believe that the insurance maintained by or on behalf of Holdings, the Borrower and the Subsidiaries is in such amounts (with no greater risk retention) and against such risks as is
(a) customarily maintained by companies of established repute engaged in the same or similar businesses operating in the same or similar locations and (b) adequate. 
 SECTION 3.16. Solvency. Immediately after the consummation of the Transactions to occur on the Effective Date, and giving effect to the rights of subrogation and contribution under the Collateral
Agreement or otherwise, (a) the fair value of the assets of Holdings and the Subsidiaries, taken as a whole, will exceed their debts and liabilities, subordinated, contingent or otherwise, (b) the present fair saleable value of the assets
of Holdings and the Subsidiaries, taken as a whole, will be greater than the amount that will be required to pay the probable liability on their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities
become absolute and matured, (c) Holdings and the Subsidiaries, taken as a whole, will be able to pay their debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured and
(d) Holdings and the Subsidiaries, taken as a whole, will not have unreasonably small capital with which to conduct the business in which they are engaged, as such business is conducted at the time of and is proposed to be conducted following
the Effective Date. For purposes of this Section, the amount of any contingent liability at any time shall be computed as the amount that would reasonably be expected to become an actual or matured liability. 

SECTION 3.17. Collateral Matters. (a) The Collateral Agreement, upon execution and delivery thereof by the parties thereto,
will create in favor of the Administrative Agent, for the benefit of the Secured Parties, a valid and enforceable security interest in the Collateral (as defined therein) and (i) when the Collateral (as defined therein) constituting
certificated securities (as defined in the Uniform Commercial Code) is delivered to the Administrative Agent, together with instruments of transfer duly endorsed in blank, the security interest created under the Collateral Agreement will constitute
a fully perfected security interest in all right, title and interest of the pledgors thereunder in such Collateral, prior and superior in right to any other Person (other than Liens securing the payment of obligations under the First Lien Credit
Agreement and Other First Lien Secured Indebtedness and Permitted Encumbrances that by operation of law or contract would have priority over the Obligations), and (ii) when financing statements in appropriate form are filed in the applicable
filing offices, the security interest created under the Collateral Agreement will constitute a fully perfected security interest in all right, title and interest of the Loan Parties in the remaining Collateral (as defined therein) to the extent
perfection can be obtained by filing Uniform 

  
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Commercial Code financing statements, prior and superior to the rights of any other Person (other than Liens permitted under Section 6.02 that by operation of law or contract would have
priority over the Obligations). 
 (b) Each Mortgage, upon execution and delivery thereof by the parties thereto, will create in
favor of the Administrative Agent, for the benefit of the Secured Parties, a legal, valid and enforceable security interest in all the applicable mortgagor’s right, title and interest in and to the Mortgaged Properties subject thereto and the
proceeds thereof, and when the Mortgages have been filed in the jurisdictions specified therein, the Mortgages will constitute a fully perfected security interest in all right, title and interest of the mortgagors in the Mortgaged Properties and the
proceeds thereof, prior and superior in right to any other Person, other than Liens securing the payment of obligations under the First Lien Credit Agreement and Other First Lien Secured Indebtedness and Permitted Encumbrances that by operation of
law or contract would have priority over the Obligations. 
 (c) Upon the recordation of the Collateral Agreement (or a
short-form security agreement in form and substance as may be necessary to perfect the interest of the Administrative Agent) with the United States Patent and Trademark Office or the United States Copyright Office, as applicable, and the filing of
the financing statements referred to in paragraph (a) of this Section, the security interest created under the Collateral Agreement will constitute a fully perfected security interest in all right, title and interest of the Loan Parties in the
Intellectual Property (as defined in the Collateral Agreement) in which a security interest may be perfected by filing in the United States of America, in each case prior and superior in right to any other Person, other than Liens securing the
payment of obligations under the First Lien Credit Agreement and Other First Lien Secured Indebtedness and Permitted Encumbrances that by operation of law or contract would have priority over the Obligations (it being understood and agreed that
subsequent recordings in the United States Patent and Trademark Office or the United States Copyright Office may be necessary to perfect a security interest in such Intellectual Property acquired by the Loan Parties after the Effective Date).

 (d) Each Security Document, upon execution and delivery thereof by the parties thereto and the making of the filings and
taking of the other actions provided for therein, will be effective under applicable law to create in favor of the Administrative Agent, for the benefit of the Secured Parties, a valid and enforceable security interest in the Collateral subject
thereto, and will constitute a fully perfected security interest in all right, title and interest of the Loan Parties in the Collateral subject thereto, prior and superior to the rights of any other Person, except for rights secured by Liens
permitted under Section 6.02 that by operation of law or contract would have priority over the Obligations. 
 SECTION
3.18. Anti-Terrorism Laws; Anti-Corruption Laws. Holdings and the Borrower have implemented and maintain in effect policies and procedures designed to ensure compliance by Holdings, the Borrower, the Subsidiaries and their directors,
officers, employees and agents with applicable Anti-Corruption Laws and Sanctions, and the Borrower and its Subsidiaries are in compliance with applicable Anti-

  
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Corruption Laws and Sanctions in all material respects. None of (a) the Borrower or any Subsidiary or (b) to the knowledge of the Borrower, (i) any director, officer or employee of
the Borrower or any Subsidiary or (ii) any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person or in violation of any Sanctions.
The Transactions will not violate any applicable Anti-Corruption Laws or Sanctions. 
 SECTION 3.19. Classification as Senior
Indebtedness. The Loan Document Obligations constitute “senior indebtedness” and “designated senior indebtedness” under and in respect of any indenture or other agreement or instrument under which such Subordinated
Indebtedness is outstanding and all such other designations have been given as shall be required under the terms of any such Subordinated Indebtedness in order that the Lenders may have and exercise any payment blockage or other remedies available
or potentially available to holders of senior indebtedness under the terms of such Subordinated Indebtedness. 
 ARTICLE IV

 Conditions 
 SECTION 4.01. Effective Date. The obligations of the Lenders to make Loans shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance
with Section 9.02): 
 (a) The Administrative Agent shall have received from each party hereto either
(i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include facsimile transmission or other electronic imaging of a signed signature page of this
Agreement) that such party has signed a counterpart of this Agreement. 
 (b) The Administrative Agent shall have
received a favorable written opinion (addressed to the Administrative Agent and the Lenders) of (i) Cooley LLP, special counsel for the Loan Parties and (ii) Trenam, Kemker, Scharf, Barkin, Frye, O’Neill & Mullis,
Professional Association, special Florida counsel for the Loan Parties, in each case dated as of the Effective Date, each in the forms previously provided to the Administrative Agent. Each of Holdings and the Borrower hereby requests such counsel to
deliver such opinions. 
 (c) The Administrative Agent shall have received such documents and certificates
relating to the organization, existence and good standing in the jurisdiction of incorporation or formation of each Loan Party, the authorization of the Transactions and any other legal matters relating to the Loan Parties, the Loan Documents or the
Transactions, all in the forms previously provided to the Administrative Agent. 
 (d) The Administrative Agent
shall have received a certificate, dated the Effective Date and signed by a Financial Officer or the President or a Vice 

  
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President of the Borrower, confirming compliance as of the Effective Date with the conditions set forth in paragraphs (i), (p) and (q) of this Section. 

(e) The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Effective
Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses (including fees, charges and disbursements of counsel) required to be reimbursed or paid by any Loan Party hereunder, under any other Loan Document or
under any other agreement entered into by any of the Arrangers, the Administrative Agent and the Lenders, on the one hand, and any of the Loan Parties, on the other hand. 

(f) The Collateral and Guarantee Requirement shall have been satisfied, and the Administrative Agent, on behalf of the
Secured Parties, shall have a security interest in the Collateral of the type and priority described in each Security Document. The Administrative Agent shall have received a completed Perfection Certificate dated the Effective Date and signed by a
Financial Officer or legal officer of each of Holdings and the Borrower, together with all attachments contemplated thereby, including the results of a search of the Uniform Commercial Code (or equivalent) filings made with respect to the Loan
Parties in the jurisdictions contemplated by the Perfection Certificate and copies of the financing statements (or similar documents) disclosed by such search and the Liens indicated by such financing statements (or similar documents) are permitted
by Section 6.02 or have been or will contemporaneously with the initial funding of Loans on the Effective Date be released or terminated. 
 (g) The Administrative Agent shall have received evidence that the insurance required by Section 5.07 and the Security Documents is in effect. 

(h) All consents and approvals required to be obtained from any Governmental Authority or other Person in connection with
the Transactions shall have been obtained, and all applicable waiting periods and appeal periods (including any extensions thereof) shall have expired and there shall be no actual or threatened litigation or governmental, administrative or judicial
action that could reasonably be expected to restrain, prevent or impose burdensome conditions on the Transactions. 
 (i) The Borrower shall have received, or substantially contemporaneously with the initial funding of the Loans on the Effective Date shall receive, cash proceeds of not less than $630,000,000 from
borrowings of the term loans under the First Lien Credit Agreement. 
 (j) Prior to or substantially concurrently
with the initial funding of the Loans on the Effective Date, (i) all commitments under the Existing Credit Agreements shall have been terminated, (ii) all loans, interest, fees, expense reimbursements and other amounts accrued or owing
thereunder shall have been repaid in full with the proceeds of the Loans and the funds referred to in paragraph (i) above, and (iii) all guarantees and Liens granted in respect thereof

  
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shall have been released. The Administrative Agent shall have received payoff and release letters with respect to the Existing Credit Agreements and obligations and Liens relating thereto, in the
form previously provided to the Administrative Agent, and the conditions to effectiveness of such letters shall have been satisfied. Immediately after giving effect to the Transactions on the Effective Date, none of Holdings, the Borrower or any
Subsidiary shall have outstanding any shares of preferred stock or Disqualified Equity Interests or any Indebtedness, other than (i) Indebtedness incurred under the Loan Documents, (ii) Indebtedness of the Borrower under the First Lien
Credit Agreement and (iii) other ordinary course Indebtedness permitted by Section 6.01(a). 
 (k) The
First Lien/Second Lien Intercreditor Agreement shall have been executed and delivered by the parties thereto and shall be in full force and effect. 
 (l) The Administrative Agent shall have received a certificate from the chief financial officer of Holdings, substantially in the form of Exhibit J, certifying as to the solvency of Holdings, the
Borrower and the Subsidiaries on a consolidated basis after giving effect to the Transactions consummated on the Effective Date. 
 (m) The credit facilities under this Agreement shall have been rated by each of S&P and Moody’s, and the Borrower shall have received a public corporate credit rating from S&P and a public
corporate family rating from Moody’s, in each case after giving effect to the Transactions and the transactions contemplated by the First Lien Credit Agreement. 

(n) The Lenders shall have received all documentation and other information required by bank regulatory authorities under
applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act. 
 (o) The Borrower shall have delivered to the Administrative Agent the notice required by Section 2.03. 
 (p) The representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all material respects (or, in the case of representations and warranties qualified as
to materiality, in all respects). 
 (q) At the time of and immediately after giving effect to such Borrowing, no
Default shall have occurred and be continuing. 
 Notwithstanding the foregoing, any Foreign Pledge Agreement or Control
Agreement that is required to be delivered in order to satisfy the requirements of the Collateral and Guarantee Requirement shall not be a condition precedent to the obligations of the Lenders hereunder on the Effective Date, but shall be required
to be accomplished as provided in Section 5.15. 

  
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 The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date,
and such notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the Lenders to make Loans hereunder shall not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to
Section 9.02) at or prior to 5:00 p.m., New York City time, on August 20, 2013 (and, in the event such conditions are not so satisfied or waived, the Commitments shall terminate at such time). 

ARTICLE V 

Affirmative Covenants 
 Until the Commitments shall have expired or been terminated and the principal of and interest on each Loan and all fees, expenses and other amounts (other than contingent amounts not yet due) payable
under this Agreement or any other Loan Document shall have been paid in full, each of Holdings and the Borrower covenants and agrees with the Lenders that: 
 SECTION 5.01. Financial Statements and Other Information. Holdings and the Borrower will furnish to the Administrative Agent, on behalf of each Lender, the following: 

(a) within 120 days after the end of each fiscal year of Holdings (or, so long as Holdings shall be subject to
periodic reporting obligations under the Exchange Act, by the date that the Annual Report on Form 10-K of Holdings for such fiscal year would be required to be filed under the rules and regulations of the SEC, giving effect to any automatic
extension available thereunder for the filing of such form), its audited consolidated balance sheet and audited consolidated statements of income and cash flows as of the end of and for such fiscal year, and related notes thereto, setting forth in
each case in comparative form the figures for the previous fiscal year, all reported on by Ernst & Young LLP or other independent registered 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) to the effect that such financial statements present fairly in all material respects the financial condition, results of operations and cash flow of
Holdings, the Borrower and the Subsidiaries on a consolidated basis as of the end of and for such fiscal year in accordance with GAAP consistently applied, and accompanied by a narrative report containing management’s discussion and analysis of
the financial position and financial performance for such fiscal year in reasonable form and detail; 
 (b)
within 45 days after the end of each of the first three fiscal quarters of each fiscal year of Holdings (or, so long as Holdings shall be subject to periodic reporting obligations under the Exchange Act, by the date that the Quarterly Report on
Form 10-Q of Holdings for such fiscal quarter would be required to be filed under the rules and regulations of the SEC, giving effect to any automatic 

  
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extension available thereunder for the filing of such form), its unaudited consolidated balance sheet and unaudited consolidated statements of income 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 of the Borrower as presenting fairly in all material respects the financial condition, results of operations and cash flows of Holdings, the Borrower and the Subsidiaries on a consolidated basis as of the end of
and for such fiscal quarter and such portion of the fiscal year in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of certain footnotes, and accompanied by a narrative report containing
management’s discussion and analysis of the financial position and financial performance for such fiscal quarter in reasonable form and detail; 
 (c) not later than the fifth Business Day following the date of delivery of financial statements under clause (a) or (b) above, a completed Compliance Certificate, substantially in the form
attached hereto as Exhibit E, of a Financial Officer of Holdings (i) certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect
thereto, (ii) setting forth reasonably detailed calculations (A) in the case of financial statements ending as of December 31 of any fiscal year, beginning with the financial statements for the fiscal year of Holdings ending
December 31, 2014, of Excess Cash Flow and (B) in the case of any fiscal year when an ECF Shortfall Amount exists, GAAP Working Capital as of the ECF Sweep Payment Date for such fiscal year (calculated prior to giving effect to any
prepayment of Loans on such date), (iii) stating whether any change in GAAP or in the application thereof has occurred since the later of the date of the Borrower’s audited financial statements referred to in Section 3.04 and the date
of the prior certificate delivered pursuant to this clause (c) indicating such a change and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate, (iv) identifying
as of the date of such Compliance Certificate each Subsidiary that (A) is an Excluded Subsidiary as of such date but has not been identified as an Excluded Subsidiary in Schedule 3.14 or in any prior Compliance Certificate or (B) has
previously been identified as an Excluded Subsidiary but has ceased to be an Excluded Subsidiary and (v) in the case of the Compliance Certificate relating to annual financial statements delivered pursuant to clause (a) above setting forth
the amounts of the Available ECF Amount and any Qualifying Equity Proceeds utilized for Specified Uses during the most recent fiscal quarter included in such financial statements, specifying each such use and the amount thereof; 

(d) not more than 120 days after the commencement of each fiscal year of Holdings, a detailed consolidated budget for such
fiscal year (including a projected consolidated balance sheet and consolidated statements of projected income and cash flows as of the end of and for such fiscal year and setting forth the assumptions used for purposes of preparing such budget) and,
promptly when 

  
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available, any significant revisions of such budget; 
 (e)
promptly after the request by any Lender, all documentation and other information that such Lender reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules
and regulations, including the USA Patriot Act; 
 (f) promptly following any request therefor, such other
information regarding the operations, business affairs, assets, liabilities (including contingent liabilities) and financial condition of Holdings, the Borrower or any Subsidiary, or compliance with the terms of this Agreement or any other Loan
Document, or with the USA Patriot Act, as the Administrative Agent or any Lender may reasonably request; and 

(g) promptly following the effectiveness of any amendment to or other modification of the First Lien Credit Agreement,
including in connection with the establishment of First Lien Incremental Facility Indebtedness, Refinancing Facility Amendments (as defined in the First Lien Credit Agreement) and Permitted Amendments (as defined in the First Lien Credit Agreement),
copies of the definitive documentation with respect thereto. 
 Information required to be furnished pursuant to clause (a) and (b) of
this Section shall be deemed to have been furnished if such information, or one or more annual or quarterly reports containing such information, shall have been posted by the Administrative Agent on a Platform to which the Lenders have been granted
access or shall be available on the website of the SEC at http://www.sec.gov. Information required to be furnished pursuant to this Section may also be furnished by electronic communications pursuant to procedures approved by the Administrative
Agent. 
 SECTION 5.02. Notices of Material Events. Within five Business Days after obtaining knowledge thereof, Holdings
and the Borrower will furnish to the Administrative Agent written notice of the following: 
 (a) the occurrence
of any Default; 
 (b) the filing or commencement of any action, suit or proceeding by or before any arbitrator
or Governmental Authority against Holdings, the Borrower or any Subsidiary or, to the knowledge of a Financial Officer or another executive officer of Holdings or the Borrower, affecting Holdings, the Borrower or any Affiliate thereof, or any
adverse development in any such pending action, suit or proceeding not previously disclosed in writing by Holdings or the Borrower to the Administrative Agent, that in each case could reasonably be expected to result in a Material Adverse Effect or
that in any manner questions the validity of this Agreement or any other Loan Document; 
 (c) the occurrence of
any ERISA Event or any fact or circumstance that gives rise to a reasonable expectation that any ERISA Event will occur that, in either case, alone or together with any other ERISA Events that have occurred or

  
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are reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect; 
 (d) any material change in accounting policies or financial reporting practices by Holdings or any Subsidiary (it being understood that such notice shall be deemed provided to the extent described in any
financial statement delivered to the Administrative Agent pursuant to the terms of this Agreement); and 
 (e)
any other development (including notice of any Environmental Liability) that has resulted, or could reasonably be expected to result, in a Material Adverse Effect. 
 Each notice delivered under this Section shall be accompanied by a written statement of a Financial Officer or other executive 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 5.03. Information
Regarding Collateral. (a) Holdings and the Borrower will furnish to the Administrative Agent prompt written notice of any change (i) in any Loan Party’s legal name, as set forth in such Loan Party’s organizational documents,
(ii) in the jurisdiction of incorporation or organization of any Loan Party, (iii) in the form of organization of any Loan Party or (iv) in any Loan Party’s organizational identification number, if any, or, with respect to a Loan
Party organized under the laws of a jurisdiction that requires such information to be set forth on the face of a Uniform Commercial Code financing statement, the Federal Taxpayer Identification Number of such Loan Party. Holdings and the Borrower
agree not to effect or permit any change referred to in the preceding sentence unless all filings have been made under the Uniform Commercial Code or otherwise that are required in order for the Administrative Agent to continue at all times
following such change to have a valid, legal and perfected security interest in all the Collateral. 
 (b) At the time of
delivery of financial statements pursuant to Section 5.01(a) or (b), Holdings and the Borrower shall deliver to the Administrative Agent a completed Supplemental Perfection Certificate, signed by a Financial Officer of each of Holdings and the
Borrower, (i) setting forth the information required pursuant to the Supplemental Perfection Certificate and indicating any changes in such information from the most recent Supplemental Perfection Certificate delivered pursuant to this Section
(or, prior to the first delivery of a Supplemental Perfection Certificate, from the Perfection Certificate delivered on the Effective Date) or (ii) certifying that there has been no change in such information from the most recent Supplemental
Perfection Certificate delivered pursuant to this Section (or, prior to the first delivery of a Supplemental Perfection Certificate, from the Perfection Certificate delivered on the Effective Date). 

(c) Holdings and the Borrower will cause all cash owned by Holdings, the Borrower and the other Subsidiaries at any time, other than
(i) cash used in the operation of Foreign Subsidiaries and (ii) cash held by Holdings or any Subsidiary in trust for any 

  
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director, officer or employee of Holdings or any Subsidiary or any employee benefit plan maintained by Holdings or any Subsidiary, to be held in deposit accounts maintained in the name of one or
more Loan Parties. 
 (d) Holdings and the Borrower will, in each case as promptly as practicable, notify the Administrative
Agent of the existence of any deposit account or securities account maintained by a Loan Party in respect of which a Control Agreement is required to be in effect pursuant to clause (f) of the definition of the term “Collateral and
Guarantee Requirement” but is not yet in effect. 
 SECTION 5.04. Existence; Conduct of Business. Each of Holdings
and the Borrower will, and will cause each Subsidiary to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges, franchises, patents,
copyrights, trademarks and trade names material to the conduct of its business; provided that the foregoing shall not prohibit any transaction permitted under Section 6.03 or 6.05, including any merger, consolidation, liquidation or
dissolution permitted under Section 6.03. 
 SECTION 5.05. Payment of Obligations. Each of Holdings and the Borrower
will, and will cause each Subsidiary to, pay its material obligations (other than Indebtedness and any obligations in respect of any Hedging Agreements), including Tax liabilities, before the same shall become delinquent or in default, except where
(a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) Holdings, the Borrower or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and
(c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect. 
 SECTION 5.06. Maintenance of Properties. Each of Holdings and the Borrower will, and will cause each Subsidiary to, keep and maintain all property material to the conduct of its business in good
working order and condition, ordinary wear and tear excepted. 
 SECTION 5.07. Insurance. Each of Holdings and the
Borrower will, and will cause each Subsidiary to, maintain, with financially sound and reputable insurance companies, (a) insurance in such amounts (with no greater risk retention) and against such risks as is (i) customarily maintained by
companies of established repute engaged in the same or similar businesses operating in the same or similar locations and (ii) considered adequate by Holdings and the Borrower and (b) all other insurance as may be required by applicable law
or any other Loan Document. Each such policy of liability or casualty insurance maintained by or on behalf of Loan Parties will (a) in the case of each liability insurance policy (other than workers’ compensation, director and officer
liability or other policies in which such endorsements are not customary), name the Administrative Agent, on behalf of the Secured Parties, as an additional insured thereunder, (b) in the case of each casualty insurance policy, contain a
lender’s loss payable clause or endorsement that names the Administrative Agent, on behalf of the Secured Parties, as the lender’s loss payee thereunder and (c) provide for at least 30 days’

  
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prior written notice (or 10 days’ prior written notice in the event of cancellation for non-payment of premium, or, in any case, such shorter number of days as may be agreed to by the
Administrative Agent) to the Administrative Agent of any cancellation of such policy. With respect to each Mortgaged Property that is located in an area determined by the Federal Emergency Management Agency to have special flood hazards, the
applicable Loan Party has obtained, and will maintain, with financially sound and reputable insurance companies, such flood insurance as is required under applicable law, including Regulation H of the Board of Governors. The Borrower will furnish to
the Lenders, upon request of the Administrative Agent, information in reasonable detail as to the insurance so maintained. 

SECTION 5.08. Casualty and Condemnation. The Borrower (a) will furnish to the Administrative Agent, which will furnish to
each Lender, prompt written notice of any casualty or other damage to any material portion of the Collateral or the commencement of any action or proceeding for the taking of any material portion of or any material interest in the Collateral under
power of eminent domain or by condemnation or similar proceeding and (b) will ensure that the Net Proceeds of any such event (whether in the form of insurance proceeds, condemnation awards or otherwise) are collected and applied in accordance
with the applicable provisions of this Agreement and the Security Documents. 
 SECTION 5.09. Books and Records; Inspection
and Audit Rights; Lender Calls. (a) Each of Holdings and the Borrower will, and will cause each Subsidiary to, keep proper books of record and account in which full, true and correct entries in conformity with GAAP and all Requirements of
Law are made of all dealings and transactions in relation to its business and activities. Each of Holdings and the Borrower will, and will cause each 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 from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable
times during regular business hours and as often as reasonably requested; provided, however, that, excluding any such visits and inspections during the continuation of an Event of Default, (i) only the Administrative Agent, acting
individually or on behalf of the Lenders, may exercise rights under this paragraph and (ii) the Administrative Agent shall not exercise the rights under this paragraph more often than two times during any calendar year. 

(b) On a date not more than 30 days after the commencement of each fiscal quarter of Holdings, Financial Officers of Holdings and the
Borrower shall participate in a conference call with the Lenders to discuss the financial condition and results of operations of Holdings, the Borrower and the Subsidiaries for such fiscal quarter; 

SECTION 5.10. Compliance with Laws. Each of Holdings and the Borrower will, and will cause each Subsidiary to, comply with all
Requirements of Law (including Environmental Laws) with respect to it or its assets, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a

  
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Material Adverse Effect. The Borrower will maintain in effect and enforce policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their directors, officers,
employees and agents with applicable Anti-Corruption Laws and Sanctions. 
 SECTION 5.11. Use of Proceeds. (a) The
proceeds of the Loans, together with the proceeds from the term loans under the First Lien Credit Agreement, shall be used on the Effective Date to pay the outstanding obligations of the Borrower and SOI Holdings, Inc. under the Existing Credit
Agreement, to finance the Dividend and to pay Transaction Costs. 
 (b) No Borrowing will be made, and no proceeds of any
Borrowing will be used, (A) for the purpose of funding payments to any officer or employee of a Governmental Authority, Person controlled by a Governmental Authority, political party, official of a political party, candidate for political
office or other Person acting in an official capacity, in each case in violation of applicable Anti-Corruption Laws, (B) for the purpose of financing the activities of any Sanctioned Person or (C) in any manner that would result in the
violation of Sanctions by any party hereto. 
 SECTION 5.12. Additional Subsidiaries. If any additional Subsidiary is
formed or acquired (or otherwise becomes a Designated Subsidiary) after the Effective Date, then the Borrower will, as promptly as practicable and, in any event, within 60 days (or such longer period as the Administrative Agent may, in its sole
discretion, agree to in writing) after such Subsidiary is formed or acquired (or otherwise becomes a Designated Subsidiary), notify the Administrative Agent thereof and cause the Collateral and Guarantee Requirement, to the extent applicable, to be
satisfied with respect to such Subsidiary (if it is a Designated Subsidiary) and with respect to any Equity Interest in or Indebtedness of such Subsidiary owned by or on behalf of any Loan Party. 

SECTION 5.13. Senior Indebtedness. In the event that Holdings, the Borrower or any other Loan Party shall at any time issue or
have outstanding any other Subordinated Indebtedness, Holdings and the Borrower shall take or cause such other Loan Party to take all such actions as shall be necessary to cause the Obligations to constitute senior indebtedness (however denominated)
in respect of such Subordinated Indebtedness and to enable the Lenders to have and exercise any payment blockage or other remedies available or potentially available to holders of senior indebtedness under the terms of such Subordinated
Indebtedness. Without limiting the foregoing, the Obligations are hereby designated as “senior indebtedness” and as “designated senior indebtedness” under and in respect of any indenture or other agreement or instrument under
which such Subordinated Indebtedness is outstanding and are further given all such other designations as shall be required under the terms of any such Subordinated Indebtedness in order that the Lenders may have and exercise any payment blockage or
other remedies available or potentially available to holders of senior indebtedness under the terms of such Subordinated Indebtedness. 
 SECTION 5.14. Maintenance of Ratings. Holdings and the Borrower will use commercially reasonable efforts to maintain continuously in effect a corporate rating

  
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from S&P and a corporate family rating from Moody’s, in each case in respect of the Borrower, and a rating of the credit facility hereunder by each of S&P and Moody’s.

 SECTION 5.15. Further Assurances. (a) Each of Holdings and the Borrower will, and will cause each Subsidiary 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, or 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. Each of Holdings and the Borrower also agrees to provide to the Administrative Agent, from time to time upon request, evidence reasonably satisfactory to the Administrative Agent as to the perfection and priority of the Liens created or
intended to be created by the Security Documents. 
 (b) As promptly as practicable, and in any event within 90 days, after the
Effective Date, Holdings, the Borrower and each other Loan Party will undertake all actions listed on Schedule 5.15 (including delivery of all Foreign Pledge Agreements and Control Agreements that would have been required to be delivered on the
Effective Date but for the penultimate sentence of Section 4.01), in each case except to the extent not required under the definition of the term “Collateral and Guarantee Requirement”. 

(c) If any assets with a value in excess of $5,000,000 are acquired by Holdings, the Borrower or any Subsidiary Loan Party after the
Effective Date (other than assets constituting Collateral under the Collateral Agreement that become subject to the Lien created by the Collateral Agreement upon acquisition thereof and other than Excluded Assets), the Borrower will notify the
Administrative Agent and the Lenders thereof, and, if requested by the Administrative Agent or the Required Lenders, the Borrower will cause such assets to be subjected to a Lien securing the Obligations and will take, and cause the Subsidiary Loan
Parties to take, such actions as shall be necessary or reasonably requested by the Administrative Agent to grant and perfect such Liens, including actions described in paragraph (a) of this Section, all at the expense of the Loan Parties,
subject in each case to any exceptions expressly set forth in this Agreement or the other Loan Documents. 
 ARTICLE VI

 Negative Covenants 
 Until the Commitments shall have expired or been terminated and the principal of and interest on each Loan and all fees, expenses and other amounts (other than contingent amounts not yet due) payable
under this Agreement or any other Loan Document have been paid in full, each of Holdings and the Borrower covenants and agrees with the Lenders that: 

  
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 SECTION 6.01. Indebtedness; Certain Equity Securities. (a) Holdings and the
Borrower will not, nor will they permit any Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except: 
 (i) Indebtedness created under the Loan Documents; 
 (ii)
Indebtedness existing on the date hereof and set forth in Schedule 6.01 of the Disclosure Letter and any Refinancing Indebtedness in respect thereof; 
 (iii) (A) Indebtedness of the Borrower under the First Lien Credit Agreement (and Guarantees by the Loan Parties other than the Borrower of Indebtedness under the First Lien Credit Agreement) in an
aggregate principal amount not in excess of (x) $705,000,000 less (y) the amount of any permanent reduction of revolving commitments and permanent repayments or prepayments of term loans under the First Lien Credit Agreement, at any time
outstanding, and (B) Refinancing Indebtedness in respect thereof; 
 (iv) Permitted Second Priority
Refinancing Indebtedness and any Refinancing Indebtedness in respect thereof; 
 (v) Indebtedness of any
Subsidiary to Holdings, the Borrower or any other Subsidiary; provided that (A) any such Indebtedness owing by any Loan Party shall be unsecured and shall be subordinated in right of payment to the Obligations on terms customary for
intercompany subordinated Indebtedness, (B) any such Indebtedness owing to any Loan Party shall be evidenced by the Intercompany Note, which shall have been pledged pursuant to the Collateral Agreement and (C) any such Indebtedness owing
by any Subsidiary that is not a Loan Party to any Loan Party shall be incurred in compliance with Section 6.04; 
 (vi) Guarantees by the Borrower or Holdings of Indebtedness of any Subsidiary and by any Subsidiary of Indebtedness of Holdings, the Borrower or any other Subsidiary; provided that (A) the
Indebtedness so Guaranteed is permitted by this Section (other than clause (a)(ii) and (a)(viii)), (B) Guarantees by Holdings, the Borrower or any Subsidiary Loan Party of Indebtedness of any Subsidiary that is not a Loan Party shall be
subject to Section 6.04 and (C) Guarantees permitted under this clause (vi) shall be subordinated to the Obligations of the applicable Subsidiary to the same extent and on the same terms as the Indebtedness so Guaranteed is
subordinated to the Obligations; 
 (vii) (A) Indebtedness of the Borrower or any Subsidiary incurred to
finance the acquisition, construction or improvement of any fixed or capital assets, including Capital Lease Obligations, purchase money Indebtedness and any Indebtedness assumed by the Borrower or any Subsidiary in connection with the acquisition
of any such assets or secured by a Lien on any such assets prior to the acquisition thereof and (B) Refinancing Indebtedness in respect of Indebtedness incurred or assumed pursuant to clause (A) above; provided further 

  
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that the aggregate principal amount of Indebtedness permitted by this clause (vii) shall not exceed $28,750,000 at any time outstanding; 

(viii) (A) Indebtedness (other than Indebtedness under credit facilities or any capital market Indebtedness) of any
Person that becomes a Subsidiary (or of any Person not previously a Subsidiary that is merged or consolidated with or into a Subsidiary in a transaction permitted hereunder) after the date hereof, or Indebtedness of any Person that is assumed by any
Subsidiary in connection with an acquisition of assets by such Subsidiary in a Permitted Acquisition; provided that such Indebtedness exists at the time such Person becomes a Subsidiary (or is so merged or consolidated) or such assets are
acquired and is not created in contemplation of or in connection with such Person becoming a Subsidiary (or such merger or consolidation) or such assets being acquired, and (B) Refinancing Indebtedness in respect of Indebtedness assumed
pursuant to clause (A) above; provided further that the aggregate principal amount of Indebtedness permitted by this clause (viii) shall not exceed $23,000,000 at any time outstanding; 

(ix) Permitted Unsecured Indebtedness in an aggregate principal amount not to exceed (A) $28,750,000 plus
(B) additional amounts so long as, at the time of incurrence of such Permitted Unsecured Indebtedness in reliance on this subclause (ix)(B), the Total Leverage Ratio, calculated on a Pro Forma Basis as of the date of incurrence thereof, is not
in excess of 5.25 to 1.00; provided that (x) immediately prior to and immediately after giving effect to the incurrence of any Permitted Unsecured Indebtedness under this clause (ix), no Default or Event of Default shall have occurred
and be continuing and (y) the Borrower will, on the date of incurrence of such Indebtedness in reliance on clause (B) above, deliver to the Administrative Agent a certificate of a Financial Officer of the Borrower, dated such date,
confirming the satisfaction of the conditions set forth above and attaching a reasonably detailed calculation of the Total Leverage Ratio on a Pro Forma Basis as of such date identifying the Permitted Unsecured Indebtedness being incurred and
specifying that it is being incurred pursuant to this Section 6.01(a)(ix); 
 (x) Indebtedness incurred in
the ordinary course of business and owed in respect of any overdrafts and related liabilities arising from treasury, depositary and cash management services or in connection with any automated clearinghouse transfers of funds; 

(xi) Indebtedness in respect of letters of credit, bank guarantees and similar instruments issued for the account of
Holdings or any Subsidiary in the ordinary course of business supporting obligations under (A) workers’ compensation, health, disability or other employee benefits, casualty or liability insurance, unemployment insurance and other social
security laws and local state and federal payroll taxes (B) obligations in connection with self-insurance arrangements and (C) bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and obligations
of a like nature; 

  
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 (xii) Indebtedness consisting of client advances or deposits received in the
ordinary course of business; 
 (xiii) Alternative Incremental Facility Indebtedness and Refinancing Indebtedness
in respect thereof , provided that (A) no Default or Event of Default shall have occurred and be continuing on the date of incurrence thereof, both immediately prior to and immediately after giving effect to such incurrence,
(B) unless such Indebtedness is incurred solely in reliance on utilization of the Base Incremental Amount, after giving effect to such Alternative Incremental Facility Indebtedness and Refinancing Indebtedness in respect thereof, as the case
may be, the Total Leverage Ratio computed on a Pro Forma Basis as of the date of such incurrence shall not be greater than 5.00 to 1.0; (C) the sum of the cumulative aggregate original amount of all the Incremental Term Commitments established
under Section 2.21 and aggregate original amount of all Alternative Incremental Facility Indebtedness incurred under this Section 6.01(a)(xiii) shall not, on the date of issuance of any such Alternative Incremental Facility Indebtedness,
exceed the Maximum Incremental Amount in effect on such date, and (D) the Borrower will, on the date of incurrence of any Alternative Incremental Facility Indebtedness under this Section 6.01(a)(xiii), deliver to the Administrative Agent a
certificate of a Financial Officer of the Borrower, dated such date, confirming the satisfaction of the conditions set forth above, stating that such incurrence relies solely on utilization of the available Base Incremental Amount or, if that is not
the case, attaching a reasonably detailed calculation of the Total Leverage Ratio on a Pro Forma Basis as of such date identifying the Alternative Incremental Facility Indebtedness being incurred and specifying that it is being incurred pursuant to
this Section 6.01(a)(xiii); 
 (xiv) First Lien Incremental Facility Indebtedness and First Lien Alternative
Incremental Facility Indebtedness, and, in each case, Refinancing Indebtedness in respect thereof; provided that (A) no Default or Event of Default shall have occurred and be continuing on the date of incurrence thereof, both immediately
prior to and immediately after giving effect to such incurrence, (B) unless such Indebtedness is incurred solely in reliance on utilization of the Base First Lien Incremental Amount, after giving effect to such First Lien Incremental Facility
Indebtedness, First Lien Alternative Incremental Facility Indebtedness or Refinancing Indebtedness in respect thereof, as the case may be, the First Lien Leverage Ratio, computed on a Pro Forma Basis as of the date of such incurrence (assuming that
the full amount of any revolving commitments included in such Indebtedness have been borrowed as revolving loans and including for purposes of such calculation all First Lien Alternative Incremental Facility Indebtedness and any Refinancing
Indebtedness in respect thereof) shall not exceed 3.75 to 1.00; and (C) the Borrower will, on the date of incurrence of any First Lien Incremental Facility Indebtedness or First Lien Alternative Incremental Facility Indebtedness under this
Section 6.01(a)(xiv), deliver to the Administrative Agent a certificate of a Financial Officer of the Borrower, dated such date, confirming the satisfaction of the conditions set forth above and stating that such incurrence relies solely on
utilization of the available Base First Lien Incremental Amount 

  
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or, if that is not the case, attaching a reasonably detailed calculation of the Total Leverage Ratio on a Pro Forma Basis as of such date identifying First Lien Incremental Facility Indebtedness
or First Lien Alternative Incremental Facility Indebtedness being incurred and specifying that it is being incurred pursuant to this Section 6.01(a)(xiv); 
 (xv) Indebtedness of Holdings, the Borrower or any Subsidiary in the form of purchase price adjustments (including in respect of working capital), earnouts, deferred compensation, indemnification or other
arrangements representing acquisition consideration or deferred payments of a similar nature incurred in connection with any Permitted Acquisition or other Investments permitted under Section 6.04 or Dispositions permitted under
Section 6.05; 
 (xvi) Indebtedness of Foreign Subsidiaries in an aggregate principal amount at any time
outstanding not in excess of $17,250,000; 
 (xvii) Indebtedness incurred in the ordinary course of business by
(A) Archimedes in respect of letters of credit issued to support its workers compensation program and (B) Holdings in respect of its Guarantee of foreign currency exchange obligations of TriNet Canada; 

(xviii) Indebtedness relating to premium financing arrangements for property and casualty insurance plans and health and
welfare benefit plans (including health and workers compensation insurance, employment practices liability insurance and directors and officers insurance), if incurred in the ordinary course of business; 

(xix) Indebtedness relating to tenant improvement loans incurred in the ordinary course of business; 

(xx) Indebtedness with respect to any letter of credit naming a Loan Party or a Subsidiary as the account party and not
issued under this Agreement, in an aggregate amount in for all such Indebtedness not to exceed $5,750,000 at any time outstanding; 
 (xxi) Business Credit Card Indebtedness incurred in the ordinary course of business not in excess of $11,500,000 at any time outstanding; and 

(xxii) Other unsecured and Subordinated Indebtedness not otherwise described above in an aggregate amount at any time
outstanding not in excess of $5,750,000. 
 (b) The Borrower will not, nor will Holdings or the Borrower permit any Subsidiary
to, issue any preferred Equity Interests except, in the case of any Domestic Subsidiary, preferred Equity Interests issued to and held by Holdings, the Borrower or any Subsidiary Loan Party in respect of which the Collateral and Guarantee
Requirement shall be satisfied within the times required thereby or in the case of any Foreign Subsidiary, to the extent required by any Requirement of Law. Neither Holdings nor any 

  
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Subsidiary will issue or permit to exist any Disqualified Equity Interests except for Disqualified Equity Interests existing on the Effective Date and set forth on Schedule 3.14 to the
Disclosure Letter. 
 SECTION 6.02. Liens. (a) Holdings and the Borrower will not, nor will they permit any
Subsidiary to, create, incur, assume or permit to exist any Lien on any asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except: 

(i) Liens created under the Loan Documents; 

(ii) Permitted Encumbrances; 
 (iii) Liens created under the First Lien Security Documents; 
 (iv)
any Lien on any asset of Holdings, the Borrower or any Subsidiary existing on the date hereof and set forth in Schedule 6.02 to the Disclosure Letter; provided that (A) such Lien shall not apply to any other asset of Holdings, the
Borrower or any Subsidiary and (B) such Lien shall secure only those obligations that it secures on the date hereof and extensions, renewals, replacements and refinancings thereof so long as the principal amount of such extensions, renewals,
replacements and refinancings does not exceed the principal amount of the obligations being extended, renewed, replaced or refinanced or, in the case of any such obligations constituting Indebtedness, that are permitted under
Section 6.01(a)(ii) as Refinancing Indebtedness in respect thereof; 
 (v) any Lien existing on any asset
prior to the acquisition thereof by Holdings, the Borrower or any Subsidiary or existing on any asset of any Person that becomes a Subsidiary (or of any Person not previously a Subsidiary that is merged or consolidated with or into a Subsidiary in a
transaction permitted hereunder) after the date hereof prior to the time such Person becomes a Subsidiary (or is so merged or consolidated); provided that (A) such Lien is not created in contemplation of or in connection with such
acquisition or such Person becoming a Subsidiary (or such merger or consolidation), (B) such Lien shall not apply to any other asset of Holdings, the Borrower or any Subsidiary (other than, in the case of any such merger or consolidation, the
assets of any Subsidiary without significant assets that was formed solely for the purpose of such acquisition) and (C) such Lien shall secure only those obligations that it secures on the date of such acquisition or the date such Person
becomes a Subsidiary (or is so merged or consolidated) and extensions, renewals, replacements and refinancings thereof so long as the principal amount of such extensions, renewals and replacements does not exceed the principal amount of the
obligations being extended, renewed or replaced or, in the case of any such obligations constituting Indebtedness, that are permitted under Section 6.01(a)(viii) as Refinancing Indebtedness in respect thereof; 

  
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 (vi) Liens on fixed or capital assets acquired, constructed or improved
(including any such assets made the subject of a Capital Lease Obligation incurred) by the Borrower or any Subsidiary; provided that (A) such Liens secure Indebtedness incurred to finance such acquisition, construction or improvement and
permitted by clause (vii)(A) of Section 6.01(a) or any Refinancing Indebtedness in respect thereof permitted by clause (vii)(B) of Section 6.01(a) and (B) such Liens shall not apply to any other property or assets of the
Borrower or any Subsidiary, other than the proceeds of such fixed or capital assets; 
 (vii) in connection with
the sale or transfer of any Equity Interests or other assets in a transaction permitted under Section 6.05, customary rights and restrictions contained in agreements relating to such sale or transfer pending the completion thereof; 

(viii) in the case of (A) any Subsidiary that is not a wholly-owned Subsidiary or (B) the Equity Interests in
any Person that is not a Subsidiary, any encumbrance or restriction, including any put and call arrangements, related to Equity Interests in such Subsidiary or such other Person set forth in the Organizational Documents of such Subsidiary or such
other Person or any related joint venture, shareholders’ or similar agreement; 
 (ix) Liens solely on any
cash earnest money deposits, escrow arrangements or similar arrangements made by Holdings, the Borrower or any Subsidiary in connection with any letter of intent or purchase agreement for a Permitted Acquisition or other transaction permitted
hereunder; 
 (x) Liens granted by a Subsidiary that is not a Loan Party in respect of Indebtedness permitted to
be incurred by such Subsidiary under Section 6.01; 
 (xi) Liens securing judgments for the payment of money
not constituting an Event of Default under Section 7.01; 
 (xii) Liens on the Collateral securing
(A) Permitted Second Priority Refinancing Indebtedness and Alternative Incremental Facility Indebtedness permitted under Section 6.01(a)(iv) and (a)(xiii), and, if secured by the Collateral, Refinancing Indebtedness in respect thereof,
provided that the Senior Representative for any such Indebtedness has entered into the Pari Passu Second Lien Intercreditor Agreement and the First Lien/Second Lien Intercreditor Agreement, and (B) First Lien Incremental Facility
Indebtedness and First Lien Alternative Incremental Facility Indebtedness permitted under Section 6.01(a)(xiv) and, if secured by the Collateral, Refinancing Indebtedness in respect thereof, provided that the Senior Representative for any such
Indebtedness has entered into the First Lien/Second Lien Intercreditor Agreement; 
 (xiii) Liens on cash
collateral granted by Holdings, the Borrower or any Subsidiary to support such Person’s obligations under the AIG Contract; 

  
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 (xiv) Liens of Continental Casualty Company on that certain deductible
Liability Insurance Policy No. 5014190 (and proceeds thereof) issued to the Borrower (as successor by merger to Gevity HR, Inc.) by National Union Fire Insurance Company of Vermont (or any other replacement deductible liability protection
policy) to secure the obligations of the Borrower thereunder; 
 (xv) Liens deemed to exist in connection with
Investments in repurchase agreements constituting Permitted Investments hereunder; 
 (xvi) Liens on deposit
accounts that are Excluded Accounts securing Business Credit Card Indebtedness not in excess of $5,750,000 at any time outstanding permitted under Section 6.01; 

(xvii) Liens on deposit accounts that are Excluded Accounts securing ACH Indebtedness and Indebtedness in respect of
letters of credit, bank guarantees and similar instruments permitted under Section 6.01; 
 (xviii) Liens on
insurance policies and the proceeds thereof securing Indebtedness permitted by Section 6.01(a)(xviii); 

(xix) Liens on tenant improvements securing Indebtedness relating to tenant improvement loans that financed such
improvements; and 
 (xx) Liens not otherwise permitted by this Section to the extent that neither (i) the
aggregate outstanding principal amount of the obligations secured thereby nor (ii) the aggregate fair market value (determined as of the date such Lien is incurred) of the assets subject thereto exceeds $5,750,000 at any time outstanding.

 (b) Notwithstanding anything herein to the contrary, (A) Holdings will not create, incur, assume or permit to exist any
Liens securing Indebtedness other than for Indebtedness permitted under clauses (i), (ii), (iii), (iv), (x), (xi), (xii), (xiii), (xiv), (xix) and (xx) of Section 6.01(a) and (B) no Liens, other than Permitted Encumbrances
imposed by law, Liens under the Security Documents, Liens under the Second Lien Security Documents and Liens permitted by Section 6.02(a)(iv), (v), (vii) and (xii) will be permitted with respect to any Collateral consisting of Equity
Interests pledged pursuant to the Security Documents. 
 SECTION 6.03. Fundamental Changes. (a) Neither Holdings nor
the Borrower will, nor will they permit any 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, except that, if at the time thereof and
immediately after giving effect thereto no Default shall have occurred and be continuing (i) any Person may merge into or consolidate with Holdings, the Borrower in a transaction in which Holdings or the Borrower is the surviving entity,
(ii) any Person (other than the Borrower) may merge into or consolidate with any Subsidiary in a transaction in which the surviving entity is a Subsidiary and, if any party to such merger or consolidation is a Subsidiary Loan Party, is a
Subsidiary Loan Party, (iii) any Subsidiary may merge into or consolidate with any 

  
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Person (other than the Borrower) in a transaction permitted under Section 6.05 in which, after giving effect to such transaction, the surviving entity is not a Subsidiary; (iv) any
Subsidiary (other than the Borrower) may merge, consolidate or amalgamate with any other Person in order to effect an Investment permitted pursuant to Section 6.04, provided that the continuing or surviving Person shall be a Subsidiary
Loan Party; and (v) any Subsidiary (other than the Borrower or another Subsidiary Loan Party) may liquidate or dissolve if the Borrower determines in good faith that such liquidation or dissolution is in the best interests of the Borrower and
is not materially disadvantageous to the Lenders; provided that any such merger or consolidation otherwise permitted pursuant to the foregoing provisions involving a Person that is not a wholly-owned Subsidiary immediately prior to such
merger or consolidation shall not be permitted unless it is also permitted by Section 6.04 or 6.05. 
 (b) The Borrower
will not, and Holdings and the Borrower will not permit any Subsidiary to, engage to any material extent in any business other than businesses of the type conducted by the Borrower and the Subsidiaries on the date hereof and businesses reasonably
related, ancillary or incidental thereto. 
 SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions.
Neither Holdings nor the Borrower will, nor will they permit any Subsidiary to, to, purchase, hold, acquire (including pursuant to any merger or consolidation with any Person that was not a wholly-owned Subsidiary prior thereto), make or otherwise
permit to exist any Investment in any other Person, except: 
 (a) Permitted Investments; 

(b) (i) Investments existing on the date hereof in the Borrower and the Subsidiaries and (ii) other Investments
existing on the date hereof and set forth on Schedule 6.04 to the Disclosure Letter; 
 (c) (x) additional
Investments by Holdings or the Borrower in any Subsidiary Loan Party and by any Subsidiary Loan Party in the Borrower or in another Subsidiary Loan Party, and (y) Investments (including by way of capital contributions) by Holdings, the Borrower
and the other Subsidiaries in Equity Interests in their Subsidiaries; provided, in the case of clause (y), that (i) such subsidiaries are Subsidiaries prior to such Investments, (ii) any such Equity Interests held by a Loan Party
shall be pledged in accordance with the requirements of the Collateral and Guarantee Requirement and (iii) the aggregate amount of such Investments by the Loan Parties in Subsidiaries that are not Loan Parties pursuant to this clause (y),
plus the aggregate amount of loans and advances by the Loan Parties pursuant to Section 6.04(d) to Subsidiaries that are not Loan Parties, plus the aggregate amount of Guarantees by the Loan Parties pursuant to
Section 6.04(e) of Indebtedness or other obligations of Subsidiaries that are not Loan Parties (excluding all such Investments, loans, advances and Guarantees existing on the date hereof and permitted by clause (b) above or permitted under
Section 6.04 (p)and (s)(i) below) shall not exceed $11,500,000 at any time outstanding (in each case determined without regard to any write-downs 

  
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or write-offs); 
 (d) loans or advances made by Holdings
or the Borrower to any Subsidiary and made by any Subsidiary to the Borrower or any other Subsidiary; provided that (i) any Indebtedness resulting therefrom is permitted by clause (v) of Section 6.01(a) and (ii) the
amount of such loans and advances made by Loan Parties to Subsidiaries that are not Loan Parties shall be subject to the limitation set forth in clause (c) above; 

(e) Guarantees by Holdings of the Obligations, the obligations under the First Lien Credit Agreement, the obligations
under Alternative Incremental Facility Indebtedness, the obligations under Other First Lien Secured Indebtedness, Permitted Second Priority Refinancing Indebtedness, and Permitted Unsecured Indebtedness, and, in each case, Refinancing Indebtedness
in respect thereof, and unsecured Indebtedness or Subordinated Indebtedness permitted under Section 6.01(a)(xxii), and Guarantees by the Borrower or any other Subsidiary of Indebtedness or other obligations of the Borrower or any other
Subsidiary (including any such Guarantees arising as a result of any such Person being a joint and several co-applicant with respect to any letter of credit or letter of guaranty); provided that (i) (A) a Subsidiary that has not
Guaranteed the Obligations pursuant to the Collateral Agreement shall not Guarantee any Indebtedness of any Loan Party, (B) any such Guarantee of such Permitted Unsecured Indebtedness (or of such Refinancing Indebtedness) provides for the
release and termination thereof, without action by any Person, upon any release and termination of such Guarantee of the Obligations, and (C) any such Guarantee of Subordinated Indebtedness is subordinated to the Obligations on terms no less
favorable to the Lenders than those of the Subordinated Indebtedness, (ii) any such Guarantee constituting Indebtedness is permitted by Section 6.01, and (iii) the aggregate amount of such Indebtedness (excluding, for the avoidance of
doubt, Guarantees of obligations not constituting Indebtedness) of Subsidiaries that are not Loan Parties that is Guaranteed by any Loan Parties shall be subject to the limitation set forth in clause (c) above; 

(f) (i) loans or advances to employees of Holdings, the Borrower or any Subsidiary made in the ordinary course of
business, including those to finance the purchase of Equity Interests of Holdings pursuant to employee plans and (ii) payroll, travel, entertainment, relocation and similar advances to directors and employees of Holdings or any Subsidiary to
cover matters that are expected at the time of such advances to be treated as expenses of Holdings or such Subsidiary for accounting purposes and that are made in the ordinary course of business; provided that the aggregate principal amount
of such loans and advances under this clause (f) outstanding at any time shall not exceed $8,625,000; 
 (g)
Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers, or consisting of securities acquired in connection with the satisfaction or enforcement of
claims due or owing to Holdings or any 

  
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Subsidiary, in each case in the ordinary course of business; 
 (h) Permitted Acquisitions; 
 (i) Investments held by a Subsidiary
acquired after the Effective Date or of a Person merged or consolidated with or into a Subsidiary after the Effective Date, in each case as permitted hereunder, 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; provided that this clause (i) is intended solely to grandfather such Investments as are indirectly acquired as
a result of an acquisition of such Person otherwise permitted hereunder and any consideration paid in connection with such acquisition that may be allocable to such Investments must be permitted by, and be taken into account in computing compliance
with, any basket amounts or limitations applicable to such acquisition hereunder; 
 (j) Investments in the form
of Hedging Agreements permitted by Section 6.07; 
 (k) Investments by Foreign Subsidiaries in other Foreign
Subsidiaries; 
 (l) Investments made as a result of the receipt of noncash consideration from a sale, transfer,
lease or other disposition of any asset in compliance with Section 6.05; 
 (m) Investments that result
solely from the receipt by Holdings, the Borrower or any Subsidiary from any of its subsidiaries of a dividend or other Restricted Payment in the form of Equity Interests, evidences of Indebtedness or other securities (but not any additions thereto
made after the date of the receipt thereof); 
 (n) Investments consisting of (i) extensions of trade
credit, (ii) the capitalization of any captive insurance company, (iii) deposits made in connection with the purchase of goods or services or the performance of leases, licenses or contracts, in each case, in the ordinary course of
business, (iv) notes receivable of, or prepaid royalties and other extensions of credit to, customers and suppliers that are not Affiliates of the Borrower and that are made in the ordinary course of business consistent with past practice and
(v) Guarantees made in the ordinary course of business in support of obligations of Holdings or any of its Subsidiaries not constituting Indebtedness for borrowed money, including operating leases and obligations owing to suppliers, customers
and licensees; 
 (o) mergers and consolidations permitted under Section 6.03 that do not involve any Person
other than Holdings, the Borrower and Subsidiaries that are wholly-owned Subsidiaries; 
 (p) intercompany loans
or other intercompany Investments made by Loan Parties in the ordinary course of business to or in any Foreign Subsidiary (A) to 

  
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fund the payment of business expenses and income taxes of Archimedes and (B) to provide funds as necessary to enable the applicable Foreign Subsidiary to comply with changes in statutory or
contractual capital requirements; 
 (q) joint ventures or strategic alliances created or formed in the ordinary
course of business of the Borrower, Holdings or their Subsidiaries; provided that the aggregate amount of Investments in such entities during any fiscal year do not exceed $11,500,000 in the aggregate; 

(r) Investments consisting of Guarantees in the ordinary course of business to support the obligations of any Subsidiary
under its worker’s compensation and general insurance agreements; and 
 (s) (i) other Investments,
including Investments in connection with the acquisition of Foreign Subsidiaries or other Persons (including Non-Compliant Subsidiaries and Non-Compliant Assets in connection with Permitted Acquisitions) that will not be Loan Parties, in an
aggregate amount not in excess of $11,500,000, plus (ii) in any additional amount, to the extent the consideration therefor consists of Qualified Equity Interests or Qualifying Equity Proceeds available on the date of such Investment and
not previously applied to Specified Uses, plus (iii) if the Total Leverage Ratio immediately after giving effect to any such Investment, calculated on a Pro Forma Basis at the time such Investment is made, is less than 5.25 to 1.00, in
an amount not in excess of the Available ECF Amount at the time such Investment is made; provided, however, that at the time any such Investment is made pursuant to this clause (s), no Default shall have occurred and be continuing
or would result therefrom. 
 Notwithstanding anything contrary set forth above, if any Investment is denominated in a foreign currency, no
fluctuation in currency values shall result in a breach of this Section 6.04. In addition, in the event that a Loan Party makes an Investment in an Excluded Subsidiary for purposes of permitting such Excluded Subsidiary or any other Excluded
Subsidiary to apply the amounts received by it to make a substantially concurrent Investment (which may be made through any other Excluded Subsidiary) permitted hereunder, such substantially concurrent Investment by such Excluded Subsidiary shall
not be included as an Investment for purposes of this Section 6.04 to the extent that the initial Investment by the Loan Party reduced amounts available to make Investments hereunder. 

SECTION 6.05. Asset Sales. Neither Holdings nor the Borrower will, nor will they permit any Subsidiary to, sell, transfer, lease
or otherwise dispose of any asset, including any Equity Interest owned by it, nor will Holdings or the Borrower permit any Subsidiary to issue any additional Equity Interest in such Subsidiary (other than issuing directors’ qualifying shares
and other than issuing Equity Interests to the Borrower or another Subsidiary in compliance with Section 6.04(c)) (each, a “Disposition”), except: 

(a) Dispositions of (i) inventory, (ii) used, obsolete, damaged or surplus equipment and (iii) cash and
Permitted Investments, in each case in the ordinary 

  
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course of business; 
 (b) Dispositions to the Borrower or
a Subsidiary; provided that any such sales, transfers, leases or other dispositions involving a Subsidiary that is not a Loan Party (i) shall be made in compliance with Sections 6.04 and 6.09 and (ii) shall not, in the case of
any sales or transfers of assets by any Loan Party to Foreign Subsidiaries in any fiscal year that are not made as Investments permitted by Section 6.04, involve assets having an aggregate fair market value in excess of $5,750,000; 

(c) Dispositions of accounts receivable in connection with the compromise, settlement or collection thereof in the
ordinary course of business consistent with past practice and not as part of any accounts receivables financing transaction; 
 (d) Dispositions of assets to the extent that such assets constitutes an Investment referred to in and permitted by clause (g) or (l) of Section 6.04 (in each case, other than Equity
Interests in a Subsidiary, unless all Equity Interests in such Subsidiary (other than directors’ qualifying shares) are sold); 
 (e) Sale/Leaseback Transactions permitted by Section 6.06; 

(f) Licenses, leases or subleases entered into in the ordinary course of business, to the extent that they do not
materially interfere with the business of Holdings, the Borrower or any Subsidiary; 
 (g) Licenses or
sublicenses of intellectual property in the ordinary course of business, to the extent that they do not materially interfere with the business of Holdings, the Borrower or any Subsidiary; 

(h) Dispositions resulting from any casualty or other insured damage to, or any taking under power of eminent domain or by
condemnation or similar proceeding of, any asset of any of Holdings, the Borrower or any Subsidiary; 
 (i)
Dispositions of assets to the extent that (i) such assets are exchanged for credit against the purchase price of similar replacement assets or (ii) the proceeds of such disposition are promptly applied to the purchase price of such
replacement assets; 
 (j) 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; 
 (k) The abandonment, cancellation, non-renewal or discontinuance of use or maintenance of intellectual property or rights relating thereto that the Borrower determines in good faith to be desirable to the
conduct of its business and not materially disadvantageous to the interests of the Lenders; and 

  
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 (l) Dispositions of assets (other than Equity Interests in a Subsidiary
unless all Equity Interests in such Subsidiary (other than directors’ qualifying shares) are sold) that are not permitted by any other clause of this Section; provided that the aggregate fair value of all assets sold, transferred, leased
or otherwise disposed of in reliance upon this clause (l) shall not exceed $23,000,000 during any fiscal year of Holdings; 

provided that all sales, transfers, leases and other dispositions permitted hereby (other than those permitted by clauses (a), (b), (c), (f),
(g), (h), (j) and (k)) shall be made for fair value and in the case of any Dispositions under clause (l) or clause (d) (other than those involving consideration less than $2,875,000) for at least 75% Cash Consideration payable at the
time of such sale, transfer or other disposition. 
 “Cash Consideration” means, in respect of any Disposition
by Holdings, the Borrower or any other Subsidiary, (a) cash or Permitted Investments received by it in consideration of such Disposition and (b) any liabilities (as shown on the most recent balance sheet of Holdings provided hereunder or
in the footnotes thereto) of Holdings or such Subsidiary, other than liabilities that are by their terms subordinated in right of payment to the Obligations, that are assumed by the transferee with respect to the applicable Disposition and for which
Holdings and all of the Subsidiaries shall have been validly released by all applicable creditors (or an authorized agent or representative thereof) in writing. 
 SECTION 6.06. Sale and Leaseback Transactions. Neither Holdings nor the Borrower will, nor will they permit any Subsidiary to, enter into any Sale/Leaseback Transaction, except for any such sale of
any fixed or capital assets by the Borrower or any Subsidiary that is made for cash consideration in an amount not less than the fair value of such fixed or capital asset and is consummated within 90 days after the Borrower or such Subsidiary
acquires or completes the construction of such fixed or capital asset; provided that (a) the sale or transfer of the property thereunder is permitted under Section 6.05, (b) any Capital Lease Obligations arising in connection
therewith are permitted under Section 6.01 and (c) any Liens arising in connection therewith (including Liens deemed to arise in connection with any such Capital Lease Obligations) are permitted under Section 6.02. 

SECTION 6.07. Hedging Agreements. Neither Holdings nor the Borrower will, nor will they permit any Subsidiary to, enter into any
Hedging Agreement, except (a) Hedging Agreements entered into to hedge or mitigate risks to which Holdings, the Borrower or any Subsidiary has actual exposure (other than those in respect of the Equity Interests or Indebtedness of Holdings, the
Borrower or any Subsidiary) and (b) Hedging Agreements entered into in order to effectively cap, collar or exchange interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any
interest-bearing liability or investment of Holdings, the Borrower or any Subsidiary. 
 SECTION 6.08. Restricted Payments;
Certain Payments of Indebtedness. (a) Neither Holdings nor the Borrower will, nor will they permit any Subsidiary to, 

  
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declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that: 

(i) The Borrower or any other Subsidiary may declare and pay dividends or make other distributions with respect to its
Equity Interests, in each case ratably to the holders of such Equity Interests (or if not ratably, on a basis more favorable to the Borrower and the Loan Parties), provided that dividends paid by the Borrower to Holdings may only be paid at
such times and in such amounts (subject to any applicable restrictions set forth below) as are necessary, after taking into account other cash held by Holdings, to enable Holdings to make Restricted Payments permitted to be made by it under this
Section 6.08; 
 (ii) Holdings may declare and pay dividends with respect to its Equity Interests payable
solely in shares of Qualified Equity Interests of Holdings; 
 (iii) Holdings and the Borrower may, and the
Borrower may make Restricted Payments to Holdings so that Holdings may, may repurchase, purchase, acquire, cancel or retire for value Equity Interests of Holdings from present or former employees, officers, directors or consultants (or their estates
or beneficiaries under their estates) of Holdings or any Subsidiary upon the death, disability, retirement or termination of employment or service of such employees, officers, directors or consultants, or to the extent required, pursuant to employee
benefit plans, employment agreements, stock purchase agreements or stock purchase plans, or other benefit plans; provided that the aggregate amount of all Restricted Payments made in reliance on this subsection (iii) shall not exceed
$23,000,000 in any Fiscal Year; 
 (iv) the Borrower may make Restricted Payments to Holdings at such times and
in such amounts as shall be necessary, after giving effect to the amount of cash and cash equivalents then otherwise available to Holdings (including through dividends or other distributions from other Subsidiaries), (A) to permit Holdings to
discharge its general corporate and overhead expenses (including franchise taxes and directors fees) incurred in the ordinary course of business and other permitted liabilities and (B) to pay the Tax liabilities of Holdings directly
attributable to (or arising as a result of) the operations of the Borrower and the other Subsidiaries; 
 (v)
Holdings may make cash payments in lieu of the issuance of fractional shares representing insignificant interests in Holdings in connection with the exercise of warrants, options or other securities convertible into or exchangeable for Equity
Interests in Holdings; 
 (vi) Holdings and the Borrower may acquire Equity Interests of Holdings upon the
exercise of stock options for such Equity Interests of Holdings if such Equity Interests represent a portion of the exercise price of such stock options or in connection with tax withholding obligations arising in connection with the

  
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exercise of options by, or the vesting of restricted Equity Interests held by, any current or former director, officer or employee of Holdings or its Subsidiaries; 

(vii) Holdings may convert or exchange any Equity Interests of Holdings for or into Qualified Equity Interests of
Holdings; 
 (viii) so long as no Default shall have occurred and be continuing, (x) Holdings may on any
date make Restricted Payments in an amount not in excess of the amount of Qualifying Equity Proceeds available on such date and (y) the Borrower may on any date make Restricted Payments in an amount not in excess of the amount, if any, of
Qualifying Equity Proceeds previously distributed to it and not previously applied to Specified Uses (provided, however, that the Borrower shall not, except as permitted by this clause (y), make Restricted Payments to Holdings to
enable Holdings to make any Restricted Payment under this clause (viii); 
 (ix) so long as no Default shall have
occurred and be continuing or would result therefrom and no ECF Shortfall Amount is at the time outstanding, Holdings and the Borrower may on any date make (and the Borrower may pay a dividend to Holdings on such date in an amount necessary to
permit it to make such) Restricted Payments in an amount equal (A) $17,250,000 plus (B) the Available ECF Amount on such date; provided, however, that at the time of the making of such Restricted Payments and
immediately after giving effect to such Restricted Payments made in reliance on subclause (ix)(B), the Total Leverage Ratio on such date, calculated on a Pro Forma Basis to give effect to any such Restricted Payment, is not in excess of 5.00 to
1.00; 
 (x) after an IPO, Holdings may distribute and redeem rights under any stockholder rights plan;

 (xi) any Subsidiary may repurchase its Equity Interests held by minority shareholders or interest holders in a
transaction permitted by Section 6.04; and 
 (xii) the Borrower and Holdings may utilize proceeds of the
Loans made on the Effective Date and the term loans made under the First Lien Credit Agreement on the Effective Date to pay the Dividend. 
 (b) Neither Holdings nor the Borrower will, nor will they permit any 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 Indebtedness, 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, defeasance, cancelation or termination of any such Indebtedness, or any other payment (including any payment under any Hedging Agreement) that has a substantially similar effect to any of the foregoing, except:

  
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 (i) payments of Indebtedness created under this Agreement or any other Loan
Document; 
 (ii) payments as and when due in respect of any Indebtedness, other than any payments in respect of
Subordinated Indebtedness prohibited by the subordination provisions thereof; 
 (iii) mandatory prepayments of
(A) Indebtedness under the First Lien Credit Agreement, (B) Permitted Second Priority Refinancing Indebtedness, (C) Other First Lien Secured Indebtedness and (D) Alternative Incremental Facility Indebtedness, and, in each case,
Refinancing Indebtedness in respect thereof; 
 (iv) prepayments of intercompany Indebtedness permitted hereby
owed by Holdings, the Borrower or any Subsidiary to Holdings, the Borrower or any Subsidiary, other than prepayments prohibited by the subordination provisions governing such Indebtedness; 

(v) refinancings of Indebtedness with the proceeds of other Indebtedness permitted under Section 6.01; 

(vi) payments of secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the assets
securing such Indebtedness in transactions permitted hereunder; 
 (vii) payments of or in respect of
Indebtedness made solely with Qualified Equity Interests in Holdings or the conversion of any Indebtedness into Qualified Equity Interests of Holdings; and 
 (viii) cash expenditures to prepay, purchase, redeem, retire, acquire or defease Indebtedness of Holdings, the Borrower or any Subsidiary not in excess, on the date any such expenditure is made, of an
amount equal to the sum of (A) the amount of Qualifying Equity Proceeds available on such date and not previously applied to Specified Uses, plus (B) if there is no ECF Shortfall Amount outstanding and the Total Leverage Ratio on
such date, calculated on a Pro Forma Basis to give effect to any such expenditure, is not in excess of 5.25 to 1.00, the Available ECF Amount on such date. 
 SECTION 6.09. Transactions with Affiliates. Neither Holdings nor the Borrower will, nor will they permit any Subsidiary to, sell, lease or otherwise transfer any assets to, or purchase, lease or
otherwise acquire any assets from, or otherwise engage in any other transactions with, any of its Affiliates, except (i) transactions that are at prices and on terms and conditions not less favorable to Holdings, the Borrower or such Subsidiary
than could be obtained on an arm’s-length basis from unrelated third parties, (ii) transactions between or among Loan Parties not involving any other Affiliate, (iii) transactions between or among Subsidiaries that are not Loan
Parties not involving any other Affiliate, (iv) loans or advances to employees permitted under Section 6.04, (v) any contribution to the capital of Holdings by General Atlantic or any purchase of Equity Interests (other than
Disqualified Equity Interests) in Holdings by General 

  
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Atlantic not prohibited by this Agreement, (vi) the payment of reasonable fees to directors of Holdings, the Borrower or any Subsidiary who are not employees of Holdings, the Borrower or any
Subsidiary, (vii) compensation, expense reimbursement and indemnification of, and other employment arrangements (including severance arrangements) with, directors, officers and employees of Holdings, the Borrower or any other Subsidiary entered
into in the ordinary course of business, (viii) any Restricted Payment permitted by Section 6.08, (ix) sales of Equity Interests to Affiliates to the extent not prohibited under this Agreement; (x) raising of new equity for any
Loan Party or Subsidiary with respect to the pricing of such equity in a transaction not otherwise prohibited under this Agreement; (xi) the Dividend; and (xii) any payments or other transactions pursuant to any tax sharing agreement among
the Loan Parties and their subsidiaries, provided that any such tax sharing agreement is on terms usual and customary for agreements of that type. 
 SECTION 6.10. Restrictive Agreements. Neither Holdings nor the Borrower will, nor will they permit any Subsidiary to, directly or indirectly, enter into, incur or permit to exist any agreement or
other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of Holdings, the Borrower or any Subsidiary to create, incur or permit to exist any Lien upon any of its assets to secure the Obligations or (b) the
ability of any Subsidiary to pay dividends or other distributions with respect to any of its Equity Interests or to make or repay loans or advances to the Borrower or any other Subsidiary or to Guarantee Indebtedness of the Borrower or any other
Subsidiary; provided that (i) the foregoing shall not apply to (A) restrictions and conditions imposed by law or by this Agreement or any other Loan Document, (B) restrictions and conditions imposed by the First Lien Credit
Agreement as in effect on the date hereof, and (C) restrictions and conditions contained in any agreement or document evidencing or governing Refinancing Indebtedness in respect of the Indebtedness referred to in clause (A) or
(B) (including, for the avoidance of doubt, Permitted Second Priority Refinancing Indebtedness), Alternative Incremental Facility Indebtedness, First Lien Alternative Incremental Facility Indebtedness or Refinancing Indebtedness in respect
thereof, provided that the restrictions and conditions contained in any such agreement or document referred to in this clause (C) are not less favorable in any material respect to the Lenders than the restrictions and conditions imposed
by the First Lien Credit Agreement, or in the case of any agreement or document evidencing or governing Alternative Incremental Facility Indebtedness, Permitted Second Priority Refinancing Indebtedness or Refinancing Indebtedness in respect thereof,
this Agreement, (D) in the case of any Subsidiary that is not a wholly-owned Subsidiary, restrictions and conditions imposed by its Organizational Documents or any related joint venture or similar agreements; provided that such
restrictions and conditions apply only to such Subsidiary and to the Equity Interests of such Subsidiary, (E) customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary or any assets of Holdings, the
Borrower or any Subsidiary, in each case pending such sale, provided that such restrictions and conditions apply only to such Subsidiary or the assets that are to be sold and, in each case, such sale is permitted hereunder, and
(F) restrictions and conditions existing on the date hereof and identified on Schedule 6.10 to the Disclosure Letter (or to any extension or renewal of, or any amendment, modification or replacement not expanding the scope of, any such
restriction or condition); and (ii) clause (a) of the 

  
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foregoing shall not apply to (A) restrictions and conditions imposed by any agreement relating to secured Indebtedness permitted by clause (vii), (viii), (x), (xi), (xii), (xvi), (xvii),
(xviii), (xix), and (xx) of Section 6.01(a) if such restrictions and conditions apply only to the assets securing such Indebtedness, (B) customary provisions in leases, licenses and other agreements restricting the assignment thereof
and (C) restrictions imposed by agreements relating to Indebtedness of any Subsidiary in existence at the time such Subsidiary became a Subsidiary and otherwise permitted by Section 6.01, provided that such restrictions apply only
to such Subsidiary and its assets (or any special purpose acquisition Subsidiary without material assets acquiring such Subsidiary pursuant to a merger). Nothing in this paragraph shall be deemed to modify the requirements set forth in the
definition of the term “Collateral and Guarantee Requirement” or the obligations of the Loan Parties under Sections 5.03, 5.12 or 5.15 or under the Security Documents. 

SECTION 6.11. Amendment of Material Documents. Neither Holdings nor the Borrower will, nor will they permit any Subsidiary to,
amend, modify, waive, terminate or release (a) its certificate of incorporation, bylaws or other Organizational Documents or (b) any agreement or instrument governing or evidencing any Material Indebtedness, in each case if the effect of
such amendment, modification, waiver, termination or release would be adverse in any material respect to the Lenders. Notwithstanding the foregoing, any amendments to or modifications of Material Indebtedness to implement any incremental or
refinancing Indebtedness permitted hereby and requiring such an amendment or modification to be so implemented (including for example, amendments to the First Lien Credit Agreement to implement First Lien Incremental Facility Indebtedness) and, for
the avoidance of doubt, any amendment or modification of this Agreement or any Loan Document approved in accordance with the terms hereof, shall not be deemed to be adverse in any material respect to the Lenders. 

SECTION 6.12. Changes in Fiscal Periods. Holdings will neither (a) permit its fiscal year or the fiscal year of any
Subsidiary to end on a day other than December 31, nor (b) change its method of determining fiscal quarters. 
 ARTICLE
VII 
 Events of Default 
 SECTION 7.01. Events of Default. If any of the following events (each such event, an “Event of Default”) shall occur: 

(a) the Borrower shall fail to pay any principal of any Loan 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) the Borrower shall fail to
pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause (a) of this Section) payable under this Agreement or any other Loan Document, when and as the same shall become due and payable, and such
failure shall continue unremedied 

  
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for a period of five Business Days; 
 (c) any
representation, warranty or statement made or deemed made by or on behalf of Holdings, the Borrower or any Subsidiary in or in connection with this Agreement or any other Loan Document or any amendment or modification hereof or thereof or waiver
hereunder or thereunder, or in any report, certificate, financial statement or other information furnished pursuant to or in connection with this Agreement or any other Loan Document or any amendment or modification hereof or thereof or waiver
hereunder or thereunder, shall prove to have been incorrect in any material respect when made or deemed made; 

(d) Holdings or the Borrower shall fail to observe or perform any covenant, condition or agreement contained in
Section 5.02(a), 5.04 (with respect to the existence of Holdings or the Borrower), 5.11 or in Article VI; 
 (e) any Loan Party shall fail to observe or perform any covenant, condition or agreement contained in this Agreement or any other Loan Document (other than those specified in clause (a), (b) or
(d) of this Section), and such failure shall continue unremedied for a period of 30 days after notice thereof from the Administrative Agent or any Lender to the Borrower (with a copy to the Administrative Agent in the case of any such
notice from a Lender); 
 (f) Holdings, the Borrower or any Subsidiary shall fail to make any payment
(whether of principal, interest, premium or otherwise 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 grace period applicable on the date on which such
payment was initially due); 
 (g) any event or condition occurs that results in any Material Indebtedness
becoming due or being required to be prepaid, repurchased, redeemed or defeased prior to its scheduled maturity or that enables or permits the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf, or, in the
case of any Hedging Agreement the applicable counterparty, to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity (in each case after expiration
of any applicable grace or cure period set forth in the agreement or instrument evidencing or governing such Material Indebtedness) ; provided that this clause (g) shall not apply to (i) any secured Indebtedness that becomes due as
a result of the voluntary sale, transfer or other disposition of the assets securing such Indebtedness (to the extent such sale, transfer or other disposition is not prohibited under this Agreement) ), (ii) any Indebtedness that becomes due as
a result of a voluntary refinancing thereof permitted under Section 6.01, (iii) the occurrence of any conversion or exchange trigger in Indebtedness that is contingently convertible or exchangeable into Equity Interests of Holdings, or
(iv) the occurrence of any termination event under any Hedging Agreement other than as a result of any breach or default by Holdings, the Borrower or any Subsidiary and provided, further, that this clause (g) shall not apply
to Material Indebtedness 

  
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under the First Lien Credit Agreement, Other First Lien Secured Indebtedness or Refinancing Indebtedness in respect of the foregoing that is secured by the Collateral on a first priority basis
unless and until (x) the Borrower shall fail to pay any principal or interest on any obligation or any fee or any other amount payable under the First Lien Credit Agreement, such Other First Lien Secured Indebtedness or such Refinancing
Indebtedness, when and as the same shall become due and payable (after expiration of any applicable grace or cure period set forth in the First Lien Credit Agreement or applicable to such Other First Lien Secured Indebtedness or Refinancing
Indebtedness, as the case may be, (y) any “Event of Default”, as defined in the First Lien Credit Agreement or the agreement or instruments governing or evidencing such Other First Lien Secured Indebtedness or Refinancing
Indebtedness, as the case may be, has occurred and remains unremedied for a period of 60 days (other than an Event of Default arising out of a breach of the “Financial Covenant” (as defined in the First Lien Credit Agreement) or any
analogous financial covenant for the benefit of revolving lenders in such agreements or instruments governing or evidencing such Other First Lien Secured Indebtedness in respect of which the revolving lenders have not taken remedial action to
terminate their commitments or accelerate their outstanding loans), or (z) the lenders or holders of the Indebtedness (or a trustee or agent acting on their behalf) under the First Lien Credit Agreement, such Other First Lien Secured
Indebtedness or such Refinancing Indebtedness, as the case may be, declare the obligations under the First Lien Credit Agreement, such Other First Lien Secured Indebtedness or such Refinancing Indebtedness to be immediately due and payable;

 (h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking
(i) liquidation, reorganization or other relief in respect of Holdings, the Borrower or any Material Subsidiary or its debts, or of a substantial 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, sequestrator, conservator or similar official for Holdings, the Borrower or any Material Subsidiary or for a substantial part of its assets, and,
in any such case, such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 

(i) Holdings, the Borrower or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any
petition seeking liquidation (other than any liquidation permitted under Section 6.03(a)(iv)), 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 clause (h) of this Section, (iii) apply for or consent to the appointment of a receiver, trustee,
custodian, sequestrator, conservator or similar official for Holdings, the Borrower or any Material Subsidiary or for a substantial 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 

  
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of creditors, or the board of directors (or similar governing body) of Holdings, the Borrower or any Material Subsidiary (or any committee thereof) shall adopt any resolution or otherwise
authorize any action to approve any of the actions referred to above in this clause (i) or in clause (h) of this Section; 
 (j) one or more judgments for the payment of money in an aggregate amount in excess of $11,500,000 (other than any such judgment covered by insurance (other than under a self-insurance program) to the
extent a claim therefor has been made in writing and liability therefor has not been denied by the insurer, so long as such insurer is financially sound) shall be rendered against Holdings, the Borrower, any Material Subsidiary or any combination
thereof and the same shall remain undischarged for a period of 45 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of
Holdings, the Borrower or any Subsidiary to enforce any such judgment; 
 (k) an ERISA Event shall have occurred
that, in the opinion of the Required Lenders, when taken together with all other ERISA Events that have occurred, could reasonably be expected to result in a Material Adverse Effect; 

(l) any Lien purported to be created under any Security Document shall cease to be, or shall be asserted by any Loan Party
not to be, a valid and perfected Lien on any Collateral having, individually or in the aggregate, a fair value in excess of $11,500,000, with the priority required by the applicable Security Document, except as a result of (i) the sale or
other disposition of the applicable Collateral in a transaction permitted under the Loan Documents, (ii) the release thereof as provided in Section 9.14 or (iii) as a result of the Administrative Agent’s failure to
(A) maintain possession of any stock certificate, promissory note or other instrument delivered to it under the Collateral Agreement or (B) file Uniform Commercial Code continuation statements; 

(m) any Guarantee purported to be created under any Loan Document shall cease to be, or shall be asserted by any Loan
Party not to be, in full force and effect, except as a result of the release thereof as provided in the applicable Loan Document or Section 9.14; 
 (n) the First Lien/Second Lien Intercreditor Agreement is not or ceases to be binding on or enforceable against any party thereto (or against any Person on whose behalf any such party makes any covenant
or agreements therein), or shall otherwise not be effective to create the rights and obligations purported to be created thereunder, in each case except in accordance with its express terms; or 

(o) a Change in Control shall occur; 
 then, and in every such event (other than an event with respect to Holdings or the Borrower described in clause (h) or (i) of this Section), and at any time thereafter during the continuance of
such event, the Administrative Agent may, and at the request of the 

  
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Required Lenders shall, by notice to the Borrower, take any or all of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments
shall terminate immediately, (ii) declare the Loans then outstanding to be due and payable in whole (or in part (but ratably as among the Loans at such time outstanding), in which case any principal not so declared to be due and payable may
thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued or owing hereunder, shall
become due and payable immediately, in each case without presentment, demand, protest or other notice of any kind, all of which are hereby waived by Holdings and the Borrower; and in the case of any event with respect to Holdings or the Borrower
described in clause (h) or (i) of this Section, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower
hereunder, shall immediately and automatically become due and payable, in each case, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by Holdings and the Borrower. 

For the purpose of determining whether a Default or Event of Default has occurred under clause (h) or (i) of this Section 7.01, any
reference in any such clause to any “Material Subsidiary” shall mean any Subsidiary or group of Subsidiaries affected by any event or circumstances referred to in any such clause that, as of the last day of the most recent completed
fiscal quarter of Holdings, had total assets (on a consolidated basis with its or their Subsidiaries) equal to 5% or more of the consolidated total assets of Holdings or had, as of the Test Period ending on the last day of such fiscal quarter, gross
revenues (on a consolidated basis with its or their Subsidiaries) equal to 5% or more of the consolidated gross revenues of Holdings, it being agreed that all Subsidiaries affected by any event or circumstance referred to in any such clause shall be
considered together, as a single Material Subsidiary, for purposes of determining whether the condition specified above is satisfied. 
 ARTICLE VIII 
 The Administrative Agent 

Each of the Lenders hereby irrevocably appoints the entity named as Administrative Agent in the heading of this Agreement and its
successors to serve as administrative agent and collateral agent under the Loan Documents and authorizes the Administrative Agent to execute and deliver the Loan Documents and to take such actions and to exercise such powers as are delegated to the
Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. In addition, to the extent required under the laws of any jurisdiction other than the United States of America, each
of the Lenders hereby grants to the Administrative Agent any required powers of attorney to execute any Security Document governed by the laws of such jurisdiction on such Lender’s behalf. It is understood and agreed that the use of the term
“agent” (or any similar term) herein or in any other Loan Document with reference to the Administrative Agent is not intended to connote any fiduciary duty or other implied (or express) obligations arising under agency doctrine of

  
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any applicable law. Instead, such term is used as a matter of market custom and is intended to create or reflect only an administrative relationship between contracting parties. 

The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other
Lender and may exercise the same as though it were not the Administrative Agent, and such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and
generally engage in any kind of business with Holdings, the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. 

The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents, and its duties
hereunder shall be administrative in nature. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or to exercise any discretionary power (including with respect to enforcement and collection), except discretionary rights and powers expressly
contemplated by the Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall
believe in good faith to be necessary, under the circumstances as provided in the Loan Documents); provided that the Administrative Agent shall not be required to take any action that, in its opinion, could expose the Administrative Agent to
liability or be contrary to this Agreement or any other Loan Document or applicable law, and (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the
failure to disclose, any information relating to Holdings, the Borrower, any Subsidiary or any other Affiliate of any of the foregoing that is communicated to or obtained by the Person serving as Administrative Agent or any of its Affiliates in any
capacity. Notwithstanding clause (b) of the immediately preceding sentence, the Administrative Agent shall not be required to take, or to omit to take, any action hereunder or under the Loan Documents unless, upon demand, the Administrative
Agent receives an indemnification satisfactory to it from the Lenders (or, to the extent applicable and acceptable to the Administrative Agent, any other Secured Party) against all liabilities, costs and expenses that, by reason of such action or
omission, may be imposed on, incurred by or asserted against the Administrative Agent or any Related Person thereof. The Administrative Agent shall not be liable for any action taken or not taken by it under or in connection with this Agreement or
any Loan Document, and each Lender and Borrower hereby waives and shall not assert any claim for any action taken or not taken by the Administrative Agent under or in connection with this Agreement or any Loan Document, (i) with the consent or
at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith to be necessary, under the circumstances as provided in the Loan Documents),
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misconduct (such absence to be presumed unless otherwise determined by a court of competent jurisdiction by a final and nonappealable judgment) or (iii) with respect to any calculations
required or done pursuant to Section 2.21. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof (stating that it is a “notice of default”) is given to the Administrative
Agent by Holdings, the Borrower or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or
any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or
other terms or conditions set forth in this Agreement or any other Loan Document, the financial condition of the Borrower or any other Loan Party, or the occurrence of any Default, (iv) the sufficiency, validity, enforceability, effectiveness
or genuineness of this Agreement or any other Loan Document or any other agreement, instrument or document (including those related to the Collateral) or (v) the satisfaction of any condition set forth in Article IV or elsewhere in this
Agreement or any other Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 
 The Administrative Agent may, at any time, request instructions from the Lenders with respect to whether it should take or refrain from taking any action hereunder (including after an Event of Default),
or grant or withhold any approval or consent, and if such instructions are reasonably promptly requested, Administrative Agent shall be absolutely entitled to refrain from taking any action or to withhold any approval or consent and shall not be
under any liability whatsoever to any Person for refraining from any action or withholding any approval or consent under this Agreement or any other Loan Document until it shall have received such instructions from Required Lenders or all or such
other portion of the Lenders as it deems advisable. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Administrative Agent as a result of Administrative Agent acting or refraining from acting under this
Agreement or any of the other Loan Documents in accordance with the instructions of the Required Lenders. 
 The Administrative
Agent shall be entitled to rely, and shall not incur any liability for relying, upon any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting
or other distribution) believed by it to be genuine and to have been signed or sent or otherwise authenticated by the proper Person (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the signatory,
sender or authenticator thereof). The Administrative Agent also shall be entitled to rely, and shall not incur any liability for relying, upon any statement made to it orally or by telephone and believed by it to be made by the proper Person
(whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the signatory, sender or authenticator thereof), and may act upon any such statement prior to receipt of written confirmation thereof. In
determining compliance with any condition hereunder to the making of a Loan, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to

  
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the contrary from such Lender prior to the making of such Loan. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other
experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 
 The Administrative Agent may perform any of and all its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents, employees,
attorneys-in-fact or other Person (including any Secured Party) appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any of and all their duties and exercise their rights and powers by or through their
respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent and shall apply to their respective activities in connection with
the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of
competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or wilful misconduct in the selection of such sub-agents. 

Subject to the terms of this paragraph, the Administrative Agent may resign at any time from its capacity as such. In connection with
such resignation, the Administrative Agent shall give notice of its intent to resign to the Lenders and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to
appoint a successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its intent to resign, then the retiring
Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent, which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as Administrative
Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and
obligations hereunder and under the other Loan Documents. The fees payable by Holdings and the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed by Holdings, the Borrower and
such successor. Notwithstanding the foregoing, in the event no successor Administrative Agent shall have been so appointed and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its
intent to resign, the retiring Administrative Agent may give notice of the effectiveness of its resignation to the Lenders and the Borrower, whereupon, on the date of effectiveness of such resignation stated in such notice, (a) the retiring
Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents; provided that, solely for purposes of maintaining any security interest granted to the Administrative Agent under any
Security Document for the benefit of the Secured Parties, the retiring Administrative Agent shall continue to be vested with such 

  
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security interest as collateral agent for the benefit of the Secured Parties and, in the case of any Collateral in the possession of the Administrative Agent, shall continue to hold such
Collateral, in each case until such time as a successor Administrative Agent is appointed and accepts such appointment in accordance with this paragraph (it being understood and agreed that the retiring Administrative Agent shall have no duty or
obligation to take any further action under any Security Document, including any action required to maintain the perfection of any such security interest), and (b) the Required Lenders shall succeed to and become vested with all the rights,
powers, privileges and duties of the retiring Administrative Agent; provided that (i) all payments required to be made hereunder or under any other Loan Document to the Administrative Agent for the account of any Person other than the
Administrative Agent shall be made directly to such Person and (ii) all notices and other communications required or contemplated to be given or made to the Administrative Agent shall also directly be given or made to each Lender. Following the
effectiveness of the Administrative Agent’s resignation from its capacity as such, the provisions of this Article and Section 9.03, as well as any exculpatory, reimbursement and indemnification provisions set forth in any other Loan
Document, shall continue in effect for the benefit of such retiring 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 it was acting as Administrative Agent and in respect of the matters referred to in the proviso under clause (a) above. 
 Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent, the Arrangers or any other Lender, or any of the Related Parties of any of the foregoing, and based
on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent, the
Arrangers or any other Lender, or any of the Related Parties of any of the foregoing, and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under
or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 
 Each Lender, by delivering its signature page to this Agreement and funding its Loans on the Effective Date, or delivering its signature page to an Assignment and Assumption or any other Loan Document
pursuant to which it shall become a Lender hereunder, shall be deemed to have acknowledged receipt of, and consented to and approved, this Agreement and each other Loan Document and each other document required to be delivered to, or be approved by
or satisfactory to, the Administrative Agent or the Lenders on the Effective Date. 
 Except with respect to the exercise of
setoff rights of any Lender in accordance with Section 9.08 or with respect to a Lender’s right to file a proof of claim in an insolvency proceeding, no Secured Party shall have any right individually to realize upon any of the Collateral
or to enforce any Guarantee of the Obligations, it being understood and agreed that all powers, rights and remedies under the Loan Documents may be exercised solely by the Administrative Agent on behalf of the Secured Parties in accordance with the
terms thereof. In the event of a foreclosure by the Administrative 

  
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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 Secured Parties (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 on behalf of the Secured Parties at such sale or other disposition. 
 The Secured Parties irrevocably authorize the Administrative Agent, at its option and in its discretion, to subordinate any Lien on any property granted to or held by the Administrative Agent under any
Loan Document to the holder of any Lien on such property that is permitted by Section 6.02(a)(vi). The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the
existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s Lien thereon or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative Agent be
responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 
 In case of the
pendency of any proceeding with respect to any Loan Party under any Federal, State or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, the Administrative Agent (irrespective of whether the principal of any Loan
shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered (but not obligated) by intervention in
such proceeding or otherwise: 
 (a) to file and prove a claim for the whole amount of the principal and interest
owing and unpaid in respect of the Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any
claim under Sections 2.12, 2.13, 2.15, 2.16, 2.17 and 9.03) allowed in such judicial proceeding; and 
 (b) to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian,
receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such proceeding is hereby authorized by each Lender and each other Secured Party 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 or the other Secured Parties, to pay to the Administrative Agent any amount due to it, in its capacity as the Administrative Agent, under the Loan Documents
(including under Section 9.03). 

  
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 Notwithstanding anything herein to the contrary, neither the Arrangers nor any Person named
on the cover page of this Agreement as a Co-Syndication Agent or a Documentation Agent shall have any duties or obligations under this Agreement or any other Loan Document (except in its capacity, as applicable, as a Lender), but all such Persons
shall have the benefit of the indemnities provided for hereunder. 
 The provisions of this Article are solely for the benefit
of the Administrative Agent and the Lenders, and, except solely to the extent of the Borrower’s rights to consent pursuant to and subject to the conditions set forth in this Article, none of Holdings, the Borrower or any Subsidiary shall have
any rights as a third party beneficiary of any such provisions. Each Secured Party, whether or not a party hereto, will be deemed, by its acceptance of the benefits of the Collateral and the Guarantees of the Obligations provided under the Loan
Documents, to have agreed to the provisions of this Article. 
 ARTICLE IX 

Miscellaneous 
 SECTION 9.01. Notices. (a) General. Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to paragraph (b) of this
Section), 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 fax, as follows: 

(i) if to Holdings or the Borrower, to it at 1100 San Leandro Blvd., Suite 400, San Leandro, CA 94577, Attention of
William Porter (Tel No. 510-875-7229, Fax No. 510-352-6480); 
 (ii) if to the Administrative Agent, to
Wilmington Trust, National Association, 50 South Sixth Street, Suite 1290, Minneapolis, MN 55402, Attention of Renee Kuhl (Fax No.: 612-217-5651, email: rkuhl@wilmingtontrust.com); 

(iii) if to any other Lender, to it at its address (or fax number) set forth in its Administrative Questionnaire.

 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 fax shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day
for the recipient). Notices delivered through electronic communications, to the extent provided in paragraph (b) of this Section, shall be effective as provided in such paragraph. 

(b) Electronic Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communication (including e-mail and Internet and intranet websites) pursuant to procedures approved by 

  
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the Administrative Agent; provided that the foregoing shall not apply to notices under Article II to any Lender if such Lender has notified the Administrative Agent that it is incapable of
receiving notices under such Article by electronic communication. The Administrative Agent, Holdings or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to
procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications or may be rescinded by any such Person by notice to each other such Person. 

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 acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgment) and (ii) notices and other
communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient, at its e-mail address as described in the foregoing clause (i), of notification that such notice or communication is
available and identifying the website address therefore; provided that, for both clauses (i) and (ii) above, 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. 
 (c)
Change of Address, etc. Any party hereto may change its address, email or fax number for notices and other communications hereunder by notice to the other parties hereto. 

(d) Platform. Holdings and the Borrower agree that the Administrative Agent may, but shall not be obligated to, make any
Communications by posting such Communication on Debt Domain, IntraLinks, SyndTrak or a substantially similar electronic transmission system (the “Platform”). The Platform is provided “as is” and “as available”.
Neither the Administrative Agent nor any of its Related Parties warrants, or shall be deemed to warrant, as to the adequacy of the Platform and each such Person expressly disclaims any 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, or shall be deemed to be
made, by the Administrative Agent or any of its Related Parties in connection with the Communications or the Platform. 

SECTION 9.02. Waivers; Amendments. (a) No failure or delay by the Administrative Agent or any Lender in exercising any right
or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any
other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or
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waiver of any provision of this Agreement or any other Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by
paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. Without limiting the generality of the foregoing, the execution and delivery of this
Agreement, the making of a Loan shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent or any Lender may have had notice or knowledge of such Default at the time. No notice or demand on Holdings or the
Borrower in any case shall entitle Holdings or the Borrower to any other or further notice or demand in similar or other circumstances. 
 (b) Except as otherwise expressly provided in this Agreement, none of this Agreement, any other Loan Document or any provision hereof or thereof may be waived, amended or modified except, in the case of
this Agreement, pursuant to an agreement or agreements in writing entered into by Holdings, the Borrower, the Administrative Agent and the Required Lenders and, in the case of any other Loan Document, pursuant to an agreement or agreements in
writing entered into by the Administrative Agent and the Loan Party or Loan Parties that are parties thereto, in each case with the consent of the Required Lenders; provided that no such agreement shall (i) increase the Commitment of any
Lender without the written consent of such Lender, (ii) reduce the principal amount of any Loan or reduce the rate of interest thereon, or reduce any fees or prepayment premiums payable hereunder, in each case without the written consent of
each Lender affected thereby (in which case the separate consent of the Required Lenders shall not be required), (iii) postpone the scheduled maturity date of any Loan or Refinancing Facility Agreement, or any date for the payment of any
interest, fees or prepayment premiums payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender affected thereby (in which
case the separate consent of the Required Lenders shall not be required), (iv) change Section 2.18(b) or 2.18(c) in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender
adversely affected thereby, (v) change any of the provisions of this Section or the percentage set forth in the definition of the term “Required Lenders” or any other provision of this Agreement or any other Loan Document specifying
the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or otherwise modify any rights thereunder or make any determination or grant any consent thereunder, without the written consent of each Lender; provided
that, with the consent of the Required Lenders or pursuant to an Incremental Facility Amendment or a Refinancing Facility Agreement, the provisions of this Section and the definition of the term “Required Lenders” may be amended to include
references to any new class of loans created under this Agreement (or to lenders extending such loans) on substantially the same basis as the corresponding references relating to the existing Classes of Loans or Lenders, (vi) release or
otherwise limit the Guarantee of Holdings under the Collateral Agreement or release or otherwise limit all or substantially all of the value of the Guarantees provided by the Subsidiary Loan Parties (including, in each case, by limiting liability in
respect thereof) under the Collateral Agreement, in each case without the written consent of each Lender (except as expressly provided in Section 9.14 or the Collateral Agreement (including any such release by the

  
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Administrative Agent in connection with any sale or other disposition of any Subsidiary upon the exercise of remedies under the Security Documents), it being understood and agreed that an
amendment or other modification of the type of obligations guaranteed under the Collateral Agreement shall not be deemed to be a release or limitation of any Guarantee), (vii) release all or substantially all the Collateral from the Liens of
the Security Documents without the written consent of each Lender (except as expressly provided in Section 9.14 or the applicable Security Document (including any such release by the Administrative Agent in connection with any sale or other
disposition of the Collateral upon the exercise of remedies under the Security Documents), it being understood and agreed that an amendment or other modification of the type of obligations secured by the Security Documents shall not be deemed to be
a release of the Collateral from the Liens of the Security Documents), or (viii) change any provisions of this Agreement or any other Loan Document in a manner that by its terms adversely affects the rights in respect of payments due to Lenders
holding Loans of any Class differently than those holding Loans of any other Class, without the written consent of Lenders representing a Majority in Interest of each affected Class; provided further that (A) no such agreement
shall amend, modify, extend or otherwise affect the rights or obligations of the Administrative Agent without the prior written consent of the Administrative Agent and (B) any waiver, amendment or other modification of this Agreement that by
its terms affects the rights or duties under this Agreement of the Lenders of one or more Classes (but not the Lenders of any other Class) may be effected by an agreement or agreements in writing entered into by Holdings, the Borrower and the
requisite number or percentage in interest of each affected Class of Lenders that would be required to consent thereto under this Section if such Class of Lenders were the only Class of Lenders hereunder at the time . Notwithstanding any of the
foregoing, (1) 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, the Lenders shall have received at least five Business Days prior written notice thereof and the Administrative Agent shall not have received, within five 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, and (2) this Agreement may be amended to provide for Incremental Term Commitments, Refinancing Term Loan Commitments and Refinancing Term Loans and
Permitted Amendments in connection with Loan Modification Offers as provided in Sections 2.21, 2.22 and 2.23, in each case without any additional consents. 
 (c) In connection with any proposed amendment, modification, waiver or termination (a “Proposed Change”) requiring the consent of all Lenders or all affected Lenders, if the consent of
the Required Lenders (and, to the extent any Proposed Change requires the consent of Lenders holding Loans of any Class pursuant to clause (v) of paragraph (b) of this Section, the consent of a majority in interest of the outstanding Loans
and unused Commitments of such Class) to such Proposed Change is obtained, but the consent to such Proposed Change of other Lenders whose consent is required is not obtained (any such Lender whose consent is not obtained as described in paragraph
(b) of this Section being referred to as a “Non-Consenting Lender”), then, so long as the Lender that is acting as Administrative Agent is not a Non-Consenting Lender, the Borrower may, at its sole expense and effort, upon
notice to such Non-Consenting Lender and the 

  
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Administrative Agent, require such Non-Consenting Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its
interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Borrower shall have received the
prior written consent of the Administrative Agent, which consent shall not unreasonably be withheld, (ii) such Non-Consenting Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder, including, if applicable, the prepayment fee pursuant to Section 2.11(h), (with such assignment being deemed to be an optional prepayment for purposes of determining the
applicability of such Section) from the assignee (in the case of such principal and accrued interest and fees (other than any prepayment fee pursuant to Section 2.11(h)) or the Borrower (in the case of all other amounts (including any amount
payable pursuant to Section 2.11(h), (iii) the Borrower or such assignee shall have paid to the Administrative Agent the processing and recordation fee specified in Section 9.04(b), (iv) such assignment does not conflict with
applicable law and (v) the assignee shall have given its consent to such Proposed Change and, as a result of such assignment and delegation and any contemporaneous assignments and delegations and consents, such Proposed Change can be effected.

 (d) Notwithstanding anything herein to the contrary, the Administrative Agent may (but shall not be obligated to), without
the consent of any Secured Party, consent to a departure by any Loan Party from any covenant of such Loan Party set forth in this Agreement, the Collateral Agreement or any other Security Document to the extent such departure is consistent with the
authority of the Administrative Agent set forth in the definition of the term “Collateral and Guarantee Requirement”. 

(e) The Administrative Agent may, but shall have no obligation to, with the concurrence of any Lender, execute waivers, amendments or
other modifications on behalf of such Lender. Any waiver, amendment or other modification effected in accordance with this Section, shall be binding upon each Person that is at the time thereof a Lender and each Person that subsequently becomes a
Lender. 
 SECTION 9.03. Expenses; Indemnity; Damage Waiver. (a) Holdings and the Borrower shall pay (i) all
reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the Arrangers and their respective Affiliates, including the reasonable fees,
charges and disbursements of one primary counsel and one firm of local counsel in each appropriate jurisdiction, in connection with the structuring, arrangement and syndication of the credit facilities provided for herein and any credit or similar
facility refinancing or replacing, in whole or in part, any of the credit facilities provided for herein, as well as the preparation, negotiation, execution, delivery and administration of this Agreement, the other Loan Documents or any waiver,
amendments or modifications of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) and (ii) all out-of-pocket expenses incurred by the Administrative Agent, the Arrangers or any
Lender, including the reasonable fees, charges and disbursements of any counsel for any of the foregoing, in connection with the enforcement or protection of its rights in connection with the Loan

  
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Documents, including its rights under this Section, or in connection with the Loans made hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans; provided that same shall be limited to (A) one counsel to the Administrative Agent and for the Lenders (taken together as a single group or client), (B) if necessary, one local counsel required
in any relevant local jurisdiction and applicable special regulatory counsel and (C) if representation of the Administrative Agent and/or all Lenders in such matter by a single counsel would be inappropriate based on the advice of legal counsel
due to the existence of an actual or potential conflict of interest, one additional counsel for the Administrative Agent and for each Lender subject to such conflict. 
 (b) Holdings and the Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), the Arrangers and each Lender, and each Related Party of any of the foregoing Persons (each such Person
being called an “Indemnitee”), against, and hold each Indemnitee harmless from, any and all losses, claims, damages, penalties, liabilities and related expenses, including reasonable and documented fees, charges and disbursements of
counsel (limited to reasonable fees, disbursements and other charges of one primary counsel for all Indemnitees, taken as a whole, and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special
counsel acting in multiple jurisdictions) for all Indemnitees, taken as a whole (and, in the case of an actual or perceived conflict of interest, where an Indemnitee affected by such conflict informs the Borrower of such conflict and thereafter
retains its own counsel, of another firm of counsel for such affected Indemnitee)) and other reasonable and documented out-of-pocket expenses, incurred by or asserted against any Indemnitee arising out of, in connection with or as a result of
(i) the structuring, arrangement and syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement, the other Loan Documents or any other agreement or instrument
contemplated hereby or thereby, the performance by the parties to this Agreement or the other Loan Documents of their respective obligations hereunder or thereunder or the consummation of the Transactions or any other transactions contemplated
hereby or thereby, (ii) any Loan or the use of the proceeds therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials on, at, to or from any Mortgaged Property or any other property currently or formerly owned or
operated by Holdings, the Borrower or any Subsidiary, or any other Environmental Liability related in any way to Holdings, 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 and whether initiated against or by any party to this Agreement or any other Loan Document, any Affiliate of any of the foregoing or any third party (and regardless of
whether any Indemnitee is a party thereto); provided that the foregoing indemnity shall not, as to any Indemnitee, apply to any losses, claims, damages, penalties, liabilities or related expenses to the extent they (A) are found in a
final and non-appealable judgment of a court of competent jurisdiction to have resulted from the wilful misconduct or gross negligence of such Indemnitee, (B) result from a claim brought by Holdings or any of its Subsidiaries for a material
breach of such Indemnitee’s obligations under this Agreement or any other Loan Document if Holdings or such Subsidiary has obtained a final and non-appealable judgment of a court of competent jurisdiction in Holdings’ or its
Subsidiary’s favor on such claim as determined 

  
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by a court of competent jurisdiction or (C) result from a proceeding that does not involve an act or omission by Holdings, the Borrower or any of their Affiliates and that is brought by an
Indemnitee against any other Indemnitee (other than a proceeding that is brought against the Administrative Agent or an Arranger in its capacity as such or in fulfilling its roles as an agent or arranger hereunder or any similar role with respect to
the Indebtedness incurred or to be incurred hereunder) . This paragraph shall not apply with respect to Taxes other than any Taxes that represent losses, claims or damages arising from any non-Tax claim. 

(c) To the extent that Holdings and the Borrower fail to indefeasibly pay any amount required to be paid by them under paragraph
(a) or (b) of this Section to the Administrative Agent (or any sub-agent thereof) or any Related Party of any of the foregoing (and without limiting their obligation to do so), each Lender severally agrees to pay to the Administrative
Agent (or any such sub-agent) or such Related Party, as applicable, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount (it being understood and
agreed that the Borrower’s failure to pay any such amount shall not relieve the Borrower of any default in the payment thereof); provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as
applicable, was incurred by or asserted against the Administrative Agent (or such sub-agent) or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) in connection with such capacity. For
purposes of this Section, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the outstanding Loans and unused Commitments, in each case at that time. The obligations of the Lenders under this paragraph
are subject to the last sentence of Section 2.02(a) (which shall apply mutatis mutandis to the Lenders’ obligations under this paragraph). 
 (d) To the fullest extent permitted by applicable law, neither Holdings nor the Borrower shall assert, or permit any of their respective Affiliates or Related Parties to assert, and each hereby waives,
any claim against any Indemnitee (i) for any damages arising from the use by others of information or other materials obtained through telecommunications, electronic or other information transmission systems (including the Internet) or
(ii) on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with or as a result of, this Agreement, any other Loan Document or any agreement or
instrument contemplated hereby or thereby, the Transactions, any Loan or the use of the proceeds thereof. 
 (e) All amounts due
under this Section shall be payable promptly after written demand therefor. 
 SECTION 9.04. Successors and Assigns.
(a) General. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that (i) neither Holdings nor the Borrower may
assign, delegate or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and 

  
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each Lender (and any attempted assignment, delegation or transfer by Holdings or the Borrower without such consent shall be null and void) and (ii) no Lender may assign, delegate or
otherwise transfer its rights or obligations hereunder except in accordance with this Section. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors
and assigns permitted hereby, Participants (to the extent provided in paragraph (c) of this Section), the Arrangers and, to the extent expressly contemplated hereby, the sub-agents of the Administrative Agent and the Related Parties of any of
the Administrative Agent, the Arrangers and any Lender) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Assignments by Lenders. (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign and delegate to one or more Eligible Assignees all or a portion of
its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld or delayed) of (A) the Borrower;
provided that no consent of the Borrower shall be required (1) for an assignment and delegation to a Lender, an Affiliate of a Lender or an Approved Fund, (2) for an assignment and delegation by any Initial Lender following the
Effective Date to any assignees identified to the Borrower prior to the Effective Date in connection with the primary syndication of the Commitments or the Loans or (3) if an Event of Default has occurred and is continuing, for any other
assignment and delegation; provided further that the Borrower shall be deemed to have consented to any such assignment and delegation unless it shall object thereto by written notice to the Administrative Agent within five Business
Days after having received notice thereof, and (B) the Administrative Agent; provided that no consent of the Administrative Agent shall be required for an assignment and delegation of all or any portion of a Loan to a Lender, an
Affiliate of a Lender or an Approved Fund. 
 (ii) Assignments and delegations shall be subject to the following
additional conditions: (A) except in the case of an assignment and delegation to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment and delegation of the entire remaining amount of the assigning Lender’s Commitment or
Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment and delegation (determined as of the trade date specified in the Assignment and Assumption with respect to such assignment and
delegation or, if no trade date is so specified, as of the date the Assignment and Assumption with respect to such assignment and delegation is delivered to the Administrative Agent) shall not be less than $1,000,000, unless each of the Borrower and
the Administrative Agent otherwise consents (such consent not to be unreasonably withheld or delayed); provided that no such consent of the Borrower shall be required if an Event of Default has occurred and is continuing, (B) each
partial assignment and delegation shall be made as an assignment and delegation of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement, provided that this clause (B) shall not be construed
to prohibit the assignment and delegation of a proportionate part of all the assigning Lender’s rights and obligations in respect of one Class of 

  
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Commitments or Loans, (C) the parties to each assignment and delegation shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and
recordation fee of $3,500 (except for assignments made pursuant to Section 9.04(b)(i)(A)(2)); provided that (1) only one such processing and recordation fee shall be payable in the event of simultaneous assignments and delegations
from any Lender or its Approved Funds to one or more other Approved Funds of such Lender and (2) with respect to any assignment and delegation pursuant to Section 2.19(b) or 9.02(c), the parties hereto agree that such assignment and
delegation may be effected pursuant to an Assignment and Assumption executed by the Borrower, the Administrative Agent and the assignee and that the Lender required to make such assignment and delegation need not be a party thereto, and (D) the
assignee, if it shall not be a Lender, shall (1) deliver to the Administrative Agent and to the Borrower any tax forms required by Section 2.17(f) and (2) to the Administrative Agent an Administrative Questionnaire in which the
assignee designates one or more credit contacts to whom all syndicate-level information (which may contain MNPI) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and applicable
law, including Federal, State and foreign securities laws. 
 (iii) Subject to acceptance and recording thereof
pursuant to paragraph (b)(v) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned and delegated by such
Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned and delegated by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and Assumption covering all the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled
to the benefits of (and subject to the obligations and limitations of) Sections 2.15, 2.16, 2.17 and 9.03 and to any fees payable hereunder that have accrued for such Lender’s account but have not yet been paid). Any assignment, delegation
or other transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in
accordance with Section 9.04(c). 
 (iv) The Administrative Agent, acting solely for this purpose as a
non-fiduciary agent of the Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal
amount (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and Holdings, the Borrower, the
Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all 

  
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purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and, as to entries pertaining to it or any Lender, at any
reasonable time and from time to time upon reasonable prior notice. 
 (v) Upon receipt by the Administrative
Agent of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire and any tax forms required by Section 2.17(f) (unless the assignee shall already be
a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment and delegation required by paragraph (b) of this Section, the Administrative Agent shall accept
such Assignment and Assumption and record the information contained therein in the Register; provided that the Administrative Agent shall not be required to accept such Assignment and Assumption or so record the information contained therein
if the Administrative Agent reasonably believes that such Assignment and Assumption lacks any written consent required by this Section or is otherwise not in proper form, it being acknowledged that the Administrative Agent shall have no duty or
obligation (and shall incur no liability) with respect to obtaining (or confirming the receipt) of any such written consent or with respect to the form of (or any defect in) such Assignment and Assumption, any such duty and obligation being solely
with the assigning Lender and the assignee. No assignment or delegation shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph and, following such recording, shall be effective
notwithstanding any defect in the Assignment and Assumption relating thereto. Each assigning Lender and the assignee, by its execution and delivery of an Assignment and Assumption, shall be deemed to have represented to the Administrative Agent that
all written consents required by this Section with respect thereto (other than the consent of the Administrative Agent) have been obtained and that such Assignment and Assumption is otherwise duly completed and in proper form, and each assignee, by
its execution and delivery of an Assignment and Assumption, shall be deemed to have represented to the assigning Lender and the Administrative Agent that such assignee is an Eligible Assignee. 

(vi) The words “execution”, “signed”, “signature” and words of like import in any Assignment
and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based
recordkeeping system, as applicable, 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. 
 (c) Participations. Any Lender may, without the
consent of the Borrower or the Administrative Agent, sell participations to one or more Eligible Assignees (each, 

  
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a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitments and Loans of any Class);
provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) Holdings,
the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which
a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement or any other Loan Document;
provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 9.02(b) that affects such
Participant or requires the approval of all the Lenders. Holdings and the Borrower agree that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 (subject to the requirements and limitations therein, including the
requirements under Section 2.17(f) (it being understood and agreed that the documentation required under Section 2.17(f) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its
interest by assignment and delegation pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Sections 2.18 and 2.19 as if it were an assignee under paragraph
(b) of this Section and (B) shall not be entitled to receive any greater payment under Section 2.15 or 2.17, with respect to any participation, than its participating Lender would have been entitled to receive. Each Lender that sells
a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 2.19(b) with respect to any Participant. To the extent permitted by law, each
Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.18(c) as though it were a Lender. Each Lender that sells a participation
shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in
the Loans or other obligations under this Agreement or any other Loan Document (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register
(including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans or its other obligations under this Agreement or any other Loan Document) to any Person except to the extent that such
disclosure is necessary to establish that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent
manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt,
the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

  
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 (d) Certain Pledges. Any Lender may, without the consent of the Borrower or the
Administrative Agent, at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank
or any central bank having jurisdiction over such Lender, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from
any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
 (e)
Purchasing Borrower Parties. Notwithstanding anything else to the contrary contained in this Agreement, any Lender may assign all or a portion of its Loans to any Purchasing Borrower Party in accordance with, and subject to the limitations
of, Section 2.24 (which assignment will not be deemed to constitute a prepayment of Loans for any purposes of this Agreement or the other Loan Documents). 
 (f) Purchasing Debt Affiliates. Notwithstanding anything else to the contrary contained in this Agreement, but subject to the provisions and limitations of this Section 9.04(f), any Lender may
assign and delegate all or a portion of its Loans to any Purchasing Debt Affiliate; provided that: 
 (i)
the assigning Lender and Purchasing Debt Affiliate purchasing such Lender’s Loans, as applicable, shall execute and deliver to the Administrative Agent an Affiliated Assignment and Assumption in lieu of an Assignment and Assumption; 

(ii) for the avoidance of doubt, Lenders shall not be permitted to assign or delegate Revolving Commitments or Revolving
Exposure to any Purchasing Debt Affiliate; 
 (iii) no Loan of any Class may be assigned or delegated to a
Purchasing Debt Affiliate (other than a Debt Fund Affiliate) pursuant to this paragraph if, after giving effect to such assignment or delegation, Purchasing Debt Affiliates (other than Debt Fund Affiliates) in the aggregate would own in excess of
25% of all Loans of such Class then outstanding; 
 (iv) the Purchasing Debt Affiliate shall not have any MNPI
that either (A) has not been disclosed to the assigning Lender (other than any such Lender that does not wish to receive MNPI) on or prior to the date of the applicable assignment and delegation to such Purchasing Debt Affiliate or (B) if
not disclosed to such Lender, could reasonably be expected to have a material effect upon, or otherwise be material (1) to such Lender’s decision to assign and delegate its Loans or (2) to the market price of the Loans; and

 (v) the requirements of Section 9.04(b) (other than the requirement to deliver an Assignment and
Assumption) shall have been satisfied with respect to each such assignment and delegation as if such Purchasing Debt Affiliate were an Eligible Assignee. 

  
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 Notwithstanding anything to the contrary in this Agreement or any other Loan Document, the
aggregate principal amount of Loans of any Class purchased by or assigned to Purchasing Debt Affiliates (other than Debt Fund Affiliates) pursuant to this Section 9.04(f), when taken together with the aggregate principal amount of Loans of such
Class purchased by Purchasing Borrower Parties in open market purchases pursuant to Section 2.24, shall not in any event exceed 25% of the initial aggregate principal amount of Loans of such Class (plus, in the event of a subsequent increase in
the principal amount of Loans of such Class pursuant to an Incremental Facility, 25% of the initial amount of such increase on the date of consummation of such Incremental Facility) (it being understood that such 25% limitation will be calculated
based on such initial principal amounts and the cumulative principal amounts so purchased, regardless of any cancellation of any Loans of such Class purchased (including pursuant to Auction Purchase Offers) or any repayment or prepayment of Loans of
such Class). 
 Notwithstanding anything to the contrary in this Agreement or any other Loan Document, no Purchasing Debt
Affiliate (other than a Debt Fund Affiliate that has and maintains information barriers in place restricting the sharing of investment-related and other specific position information between it and General Atlantic with respect to the Purchasing
Borrower Parties (excluding general performance information)) shall have any right to (i) attend (including by telephone) any meeting or discussions (or portion thereof) among the Administrative Agent and/or the Lenders to which representatives
of Holdings, the Borrower and the Subsidiaries are not invited, (ii) receive any information or material prepared by the Administrative Agent, the Arrangers or any Lender or any communication by or among the Administrative Agent, the Arrangers
and/or the Lenders, except to the extent such information or materials have been made available to Holdings, the Borrower, any Subsidiary or their respective representatives (and in any case, other than the right to receive notices of prepayments
and other administrative notices in respect of its Loans required to be delivered to Lenders pursuant to Article II) or (iii) make or bring (or participate in, other than as a passive participant in or recipient of its pro rata benefits
of) any claim, in its capacity as a Lender, against any of the Administrative Agent, any Issuing Bank or any other Lender with respect to any duties or obligations or alleged duties or obligations of the Administrative Agent, any Issuing Bank or any
Lender under this Agreement or any other Loan Document. 
 Each Purchasing Debt Affiliate (other than any Debt Fund Affiliate),
solely in its capacity as a Lender, hereby agrees that if any Loan Party shall be subject to any voluntary or involuntary proceeding commenced under any Debtor Relief Laws (“Bankruptcy Proceedings”), (i) such Purchasing Debt
Affiliate shall not take any step or action in such Bankruptcy Proceeding to object to, impede or delay the exercise of any right or the taking of any action by the Administrative Agent (or the taking of any action by a third party that is supported
by the Administrative Agent) in relation to such Purchasing Debt Affiliate’s claim with respect to its Loans (a “Claim”) (including objecting to any debtor in possession financing, use of cash collateral, grant of adequate
protection, sale or disposition, compromise, or plan of reorganization) so long as such Purchasing Debt Affiliate is treated in connection with such exercise or action on the same or better terms as the other Lenders and (ii) with respect to
any matter requiring the vote of Lenders during the pendency of a Bankruptcy Proceeding (including voting on 

  
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any plan of reorganization), the Loans held by such Purchasing Debt Affiliate (and any Claim with respect thereto) shall be deemed to have voted its interest as a Lender without discretion in the
same proportion as the allocation of voting with respect to such matter by Lenders who are not Purchasing Debt Affiliates, so long as such Purchasing Debt Affiliate is treated in connection with the exercise of such right or taking of such action on
the same or better terms as the other Lenders. For the avoidance of doubt, the Lenders and each Purchasing Debt Affiliate agree and acknowledge that the provisions set forth in this paragraph, and the related provisions set forth in each Affiliated
Assignment and Assumption, constitute a “subordination agreement” as such term is contemplated by, and utilized in, Section 510(a) of the Bankruptcy Code, and, as such, would be enforceable for all purposes in any case where a Loan
Party has filed for protection under any Debtor Relief Law applicable to the Loan Party (it being understood and agreed that the foregoing shall not cause the Loans held by any Purchasing Debt Affiliate to be subordinated in right of payment to any
other Obligations). 
 Furthermore, notwithstanding anything in Section 9.02 or the definition of the term “Required
Lenders” to the contrary, (a) for purposes of determining whether the Required Lenders or any other requisite Class vote required by this Agreement have (i) consented (or not consented) to any amendment, modification, waiver, consent
or other action with respect to any of the terms of this Agreement or any other Loan Document or any departure by any Loan Party therefrom, (ii) otherwise acted on any matter related to this Agreement or any other Loan Document or
(iii) directed or required the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) with respect to or under this Agreement or any other Loan Document, all Loans held by any Purchasing Debt Affiliate
(other than a Debt Fund Affiliate) shall be deemed to be not outstanding for all purposes of calculating whether the Required Lenders or the requisite vote of any Class of Lenders have taken any actions and (b) with respect to any amendment,
modification, waiver, consent or other action with respect to any of the terms of this Agreement or any other Loan Document that requires the consent of all, or all affected, Lenders, the Loans held by any such Purchasing Debt Affiliate shall be
deemed to be outstanding only if such amendment, modification, waiver, consent or other action would have a disproportionately adverse effect on such Purchasing Debt Affiliate. 

Notwithstanding the foregoing or anything in Section 9.02 or the definitions of the terms “Required Lenders” and
“Majority in Interest” to the contrary, a Debt Fund Affiliate will not be subject to the voting limitations set forth in the preceding two paragraphs and will be entitled to vote in the same manner as Lenders that are not Purchasing Debt
Affiliates; provided, however, that in connection with any Required Lender vote or any vote requiring the approval of a Majority in Interest of the Loans of any Class, Debt Fund Affiliates may not, in the aggregate, account for more
than 49.9% of the amounts included in determining whether the Required Lenders or a Majority in Interest of such Class have consented to any amendment or waiver (and for purposes of the foregoing, any amounts in excess of such percentage held by
Debt Fund Affiliates shall be deemed to be not outstanding for purposes of calculating the Required Lenders or Majority in Interest of such Class). 

  
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 SECTION 9.05. Survival. All covenants, agreements, representations and warranties
made by the Loan Parties in this Agreement and the other Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon
by the other parties hereto and shall survive the execution and delivery of this Agreement and the other Loan Documents and the making of any Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding
that the Administrative Agent, the Arrangers, any Lender or any Affiliate of any of the foregoing may have had notice or knowledge of any Default or incorrect representation or warranty at the time this Agreement or any other Loan Document is
executed and delivered or any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and
unpaid and so long as the Commitments have not expired or terminated. The provisions of Sections 2.15, 2.16, 2.17, 2.18(e) and 9.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the
transactions contemplated hereby, the repayment or prepayment of the Loans, the expiration or termination of the Commitments or the termination of this Agreement or any provision hereof. 

SECTION 9.06. Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties
hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents and any separate letter agreements with respect to fees
payable to the Administrative Agent or the syndication of the Loans and Commitments constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or
written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and the Administrative Agent shall have received counterparts
hereof that, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed
counterpart of a signature page of this Agreement by facsimile transmission or other electronic imaging shall be effective as delivery of a manually executed counterpart of this Agreement. 

SECTION 9.07. 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 9.08. Right
of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off
and apply any and all deposits (general or special, time or demand, 

  
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provisional or final, in whatever currency) or other amounts at any time held and other obligations (in whatever currency) at any time owing by such Lender or any such Affiliate to or for the
credit or the account of Holdings or the Borrower against any of and all the obligations then due of Holdings or the Borrower now or hereafter existing under this Agreement held by such Lender or any such Affiliates, irrespective of whether or not
such Lender or any such Affiliate shall have made any demand under this Agreement and although such obligations of Holdings or the Borrower are owed to a branch or office of such Lender or any such Affiliate different from the branch or office
holding such deposit or obligated on such Indebtedness. Each Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give or any delay in giving such
notice shall not affect the validity of any such setoff and application under this Section. The rights of each Lender and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff)
that such Lender and any such Affiliate may have. 
 SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of
Process. (a) This Agreement and any claim, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement and the transactions contemplated hereby shall be
governed by, and construed in accordance with, the law of the State of New York. 
 (a) Each of Holdings and the Borrower
irrevocably and unconditionally agrees that it will not commence any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Administrative Agent, any Lender or
any Related Party of any of the foregoing in any way relating to this Agreement or any other Loan Document or the transactions relating hereto or thereto, in any forum other than the courts of the State of New York sitting in New York County and of
the United States District Court of the Southern District of New York, and any appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits, for itself and its property, to the jurisdiction of such courts
and agrees that all claims in respect of any action, litigation or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by applicable law, in such Federal court. Each party hereto agrees that a
final judgment in any such action, litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the
Administrative Agent or any Lender may otherwise have to bring any action, litigation or proceeding relating to this Agreement or any other Loan Document against any Loan Party or any of its properties in the courts of any jurisdiction. 

(b) Each of Holdings and the Borrower hereby irrevocably and unconditionally waives, to the fullest extent permitted by applicable law,
any objection that it may now or hereafter have to the laying of venue of any action, litigation or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph (b) of this Section.
Each of the parties hereto hereby 

  
 139

 
irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(c) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01.
Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
 SECTION 9.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 SECTION 9.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the
construction of, or be taken into consideration in interpreting, this Agreement. 
 SECTION 9.12. Confidentiality. Each
of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Related Parties, including accountants, legal counsel and other agents
and advisors, it being understood and agreed that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential, (b) to the extent required or
requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by
applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies under this Agreement or any other Loan Document or any suit, action
or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing confidentiality undertakings substantially similar to those of this Section, to
(i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its Related Parties) to any Hedging Agreement
relating to Holdings, the Borrower or any Subsidiary and its 

  
 140

 
obligations hereunder or under any other Loan Document, (g) on a confidential basis to (i) any rating agency in connection with rating the Borrower or its Subsidiaries or the credit
facilities provided for herein or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the credit facilities provided for herein, (h) with the consent of the
Borrower or (i) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Administrative Agent, any Lender or any Affiliate of any of the
foregoing on a nonconfidential basis from a source other than Holdings or the Borrower. For purposes of this Section, “Information” means all information received from Holdings or the Borrower relating to Holdings, the Borrower or
any Subsidiary or their businesses, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by Holdings or the Borrower; provided that, in the case of
information received from Holdings or the Borrower after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section
shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

SECTION 9.13. 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 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 Federal Funds Effective Rate to the
date of repayment, shall have been received by such Lender. 
 SECTION 9.14. Release of Liens and Guarantees. Subject to
the reinstatement provisions set forth in the Collateral Agreement, a Subsidiary Loan Party shall automatically be released from its obligations under the Loan Documents, and all security interests created by the Security Documents in Collateral
owned by such Subsidiary Loan Party shall be automatically released, upon the consummation of any transaction permitted by this Agreement as a result of which such Subsidiary Loan Party ceases to be a Subsidiary; provided that, if so required
by this Agreement, the Required Lenders shall have consented to such transaction and the terms of such consent shall not have provided otherwise. Upon any sale or other transfer by any Loan Party (other than to Holdings, the Borrower or any other
Loan Party) of any Collateral in a transaction permitted under this Agreement, or upon the effectiveness of any written consent to the release of the security interest created under any Security Document in any Collateral

  
 141

 
pursuant to Section 9.02, the security interests in such Collateral created by the Security Documents shall be automatically released. In connection with any termination or release pursuant
to this Section, the Administrative Agent shall execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release. Any execution and delivery
of documents pursuant to this Section shall be without recourse to or warranty by the Administrative Agent. Each of the Secured Parties irrevocably authorizes the Administrative Agent, at its option and in its discretion, to effect the releases
set forth in this Section. 
 SECTION 9.15. USA Patriot Act Notice. Each Lender and the Administrative Agent (for itself
and not on behalf of any Lender) hereby notifies each Loan Party that, pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record information that identifies such Loan Party, which information includes the name
and address of such Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify such Loan Party in accordance with the USA Patriot Act, and each Loan Party agrees to provide such information
from time to time to such Lender and the Administrative Agent, as applicable. 
 SECTION 9.16. No Fiduciary Relationship.
Each of Holdings and the Borrower, on behalf of itself and its subsidiaries, agrees that in connection with all aspects of the transactions contemplated hereby and any communications in connection therewith, Holdings, the Borrower, the Subsidiaries
and their respective Affiliates, on the one hand, and the Administrative Agent, the Arrangers, the Lenders and their respective Affiliates, on the other hand, will have a business relationship that does not create, by implication or otherwise, any
fiduciary duty on the part of the Administrative Agent, the Lenders or their Affiliates, and no such duty will be deemed to have arisen in connection with any such transactions or communications. The Administrative Agent, the Arrangers, the Lenders
and their respective Affiliates may be engaged, for their own accounts or the accounts of customers, in a broad range of transactions that involve interests that differ from those of Holdings, the Borrower, the Subsidiaries and their respective
Affiliates, and none of the Administrative Agent, the Arrangers, the Lenders or any of their respective Affiliates has any obligation to disclose any of such interests to Holdings, the Borrower, the Subsidiaries or any of their respective
Affiliates. To the fullest extent permitted by law, each of Holdings and the Borrower hereby waives and releases any claims that it or any of its Affiliates may have against the Administrative Agent, the Arrangers, the Lenders or any of their
respective Affiliates with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 
 SECTION 9.17. Non-Public Information. (a) Each Lender acknowledges that all information, including requests for waivers and amendments, furnished by Holdings, the Borrower or the
Administrative Agent pursuant to or in connection with, or in the course of administering, this Agreement will be syndicate-level information, which may contain MNPI. Each Lender represents to Holdings, the Borrower and the Administrative Agent that
(i) it has developed compliance procedures regarding the use 

  
 142

 
of MNPI and that it will handle MNPI in accordance with such procedures and applicable law, including Federal, State and foreign securities laws, and (ii) it has identified in its
Administrative Questionnaire a credit contact who may receive information that may contain MNPI in accordance with its compliance procedures and applicable law, including Federal, State and foreign securities laws. 

(b) Holdings, the Borrower and each Lender acknowledge that, if information furnished by Holdings or the Borrower pursuant to or in
connection with this Agreement is being distributed by the Administrative Agent through the Platform, (i) the Administrative Agent may post any information that Holdings or the Borrower has indicated as containing MNPI solely on that portion of
the Platform as is designated for Private Side Lender Representatives and (ii) if Holdings or the Borrower has not indicated whether any information furnished by it pursuant to or in connection with this Agreement contains MNPI, the
Administrative Agent reserves the right to post such information solely on that portion of the Platform as is designated for Private Side Lender Representatives. Each of Holdings and the Borrower agrees to clearly designate all information provided
to the Administrative Agent by or on behalf of Holdings or the Borrower that is suitable to be made available to Public Side Lender Representatives, and the Administrative Agent shall be entitled to rely on any such designation by Holdings and the
Borrower without liability or responsibility for the independent verification thereof. 
 [Signature pages follow] 

  
 143

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

			
	 TRINET HR CORPORATION, as
 Borrower,

		
	        by	 	
		 	 /s/ William Porter
 Name: William Porter
 Title: Vice President and CFO

	
	TRINET GROUP, INC.
		
	        by	 	
		 	 /s/ Burton M. Goldfield

		 	Name: Burton M. Goldfield
		 	Title: President and CEO
	
	 WILMINGTON TRUST, NATIONAL
 ASSOCIATION, as Administrative Agent,

		
	        by	 	
		 	 /s/ Renee Kuhl

		 	 Name: Renee Kuhl
 Title: Vice
President

	
	 LENDERS UNDER THE CREDIT
 AGREEMENT

	
	JPMORGAN CHASE BANK, N.A.
		
	        by	 	
		 	 /s/ Robert D. Bryant

		 	 Name: Robert D. Bryant
 Title:
Vice President

  
 144

 Schedule 1.01B 

DISQUALIFIED LENDERS 

None. 

 Schedule 2.01 

COMMITMENTS 
  

					
	 Lender
	  	Term Commitment	 
	 JPMorgan Chase Bank, N.A.
	  	$	190,000,000	  

 Schedule 5.15 

POST-CLOSING MATTERS 
 1.
Entry into Control Agreements for Deposit Accounts and Securities Accounts, in each case to the extent required by paragraph (f) of the definition of “Collateral and Guarantee Requirement”. 

2. Entry into a Foreign Pledge Agreement granting a Lien on the Equity Interests of Archimedes (to the extent required by paragraph (b) of the
definition of “Collateral and Guarantee Requirement”) governed by the law of Bermuda. 
 3. Entry into the Intercompany Note.

 4. Entry into the Intercompany Subordination Agreement. 

 EXHIBIT A-1 
 [FORM OF] ASSIGNMENT AND ASSUMPTION 
 This Assignment and Assumption (this
“Assignment and Assumption”) is dated as of the Assignment Effective Date set forth below and is entered into by and between the Assignor (as defined below) and the Assignee (as defined below). Capitalized terms used but not defined
herein shall have the meanings given to them in the Second Lien Credit Agreement identified below (the “Second Lien Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and
Conditions set forth in Annex I attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably
purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions referred to above and the Second Lien Credit Agreement, as of the Assignment Effective Date inserted by the Administrative Agent as
contemplated below, (a) all of the Assignor’s rights and obligations in its capacity as a Lender under the Second Lien Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount
and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any Guarantees included in such facilities) and (b) to the extent permitted
to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Second Lien Credit
Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory
claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (a) above (the rights and obligations sold and assigned pursuant to clauses (a) and (b) above being referred to
herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.

  

	 	1.	Assignor:
                                         
                                         
                                         
                                         
         

  

	 	2.	Assignee:
                                         
                                         
                                         
                                         
         [and is [a Lender] [an Affiliate/Approved Fund of [Identify Lender]] [an Eligible Assignee]]1 

  

	 	3.	Borrower: TriNet HR Corporation 

  

	 	4.	Administrative Agent: Wilmington Trust, National Association, as the Administrative Agent under the Second Lien Credit Agreement 

 
  

	1 	Select as applicable. 

  
 A-1-1

	 	5.	Second Lien Credit Agreement: The Second Lien Credit Agreement dated as of August 20, 2013, among TriNet HR Corporation (the “Borrower”), TriNet
Group, Inc., (“Holdings”), the Lenders from time to time party thereto and Wilmington Trust, National Association, as Administrative Agent, as amended, supplemented or otherwise modified as of the date hereof

  

	 	6.	Assigned Interest:2 

  

													
	 Facility Assigned
	  	Aggregate 
Amount
of
Commitment/Loans
for all Lenders	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage
Assigned of
Commitment/
Loans3	 
	 Term Commitment/ Loans
	  	$	    	  	  	$	    	  	  	 	    	% 
	
[            ]4
	  	$	    	  	  	$	    	  	  	 	    	% 

 Assignment Effective Date:
                         , 20     [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE
DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR] 
 The Assignee, if not already a Lender, agrees to deliver to the
Administrative Agent a completed Administrative Questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain MNPI) will be made available and who may receive such information
in accordance with the Assignee’s compliance procedures and applicable law, including Federal, state and foreign securities laws. 

 

	2 	Must comply with the minimum assignment amount set forth in Section 9.04(b)(ii)(A) of the Second Lien Credit Agreement, to the extent such minimum assignment
amounts are applicable. 

	3 	Set forth, to at least nine decimals, as a percentage of the Commitments/Loans of all Lenders, Incremental Term Lenders or Refinancing Term Lenders of any Series, as
applicable. 

	4 	In the event Incremental Term Commitments/Incremental Term Loans or Refinancing Term Commitments/Refinancing Term Loans of any Series are established under
Section 2.21 or Section 2.22 of the Second Lien Credit Agreement, as applicable, refer to the Series of such Incremental Term Commitments/Incremental Term Loans or Refinancing Term Loan Commitments/Refinancing Term Loans assigned, as
applicable. 

  
 A-1-2

 The terms set forth in this Assignment and Assumption are hereby agreed to: 

 

			
	 [NAME OF ASSIGNOR], as
 Assignor,

		
	            by	 	
		
		 	Name:
		
		 	Title:
	
	 [NAME OF ASSIGNEE], as
 Assignee,

		
	            by	 	
		
		 	Name:
		
		 	Title:

  
 A-1-3

					
	[Consented to and]1 Accepted:
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Administrative Agent,
			
		 	by	 	
			
		 		 	  

		 		 	Name:
		 		 	Title:
	
	[Consented to:]2
	
	[TRINET HR CORPORATION, as Borrower,]
			
		 	by	 	
			
		 		 	  

		 		 	Name:
		 		 	Title:

  

	1 	To be included only if the consent of the Administrative Agent is required by Section 9.04(b)(i)(B) or 9.04(b)(ii)(A) of the Second Lien Credit Agreement.

	2 	To be included only if the consent of the Borrower is required by Section 9.04(b)(i)(A) or 9.04(b)(ii)(A) of the Second Lien Credit Agreement.

  
 A-1-4

 Annex I 
 STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION

 1. Representations and Warranties. 
 1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any
lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and (iv) it
is not a Defaulting Lender and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Second Lien Credit Agreement or any other Loan Document, other than statements
made by it herein, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of Holdings, the Borrower, any other Subsidiary
or any other Affiliate of Holdings or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by Holdings, the Borrower, any other Subsidiary or any other Affiliate of Holdings or any other Person of any
of their respective obligations under any Loan Document. 
 1.2. Assignee. The Assignee (a) represents and warrants
that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Second Lien Credit
Agreement, (ii) it satisfies the requirements, if any, specified in the Second Lien Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Assignment
Effective Date, it shall be bound by the provisions of the Second Lien Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the
Second Lien Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 5.01 thereof (or, prior to the first such delivery, the financial statements referred to in Section 3.04 thereof), and
such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and
decision independently and without reliance on the Administrative Agent, the Assignor or any other Lender, (v) if it is a Lender that is a U.S. Person, attached to this Assignment and Assumption is an executed original of IRS Form W-9
certifying that such Lender is exempt from U.S. Federal backup withholding tax, (vi) if it is a Foreign Lender, attached to this Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Second
Lien Credit Agreement (including Section 2.17(f) thereof), duly completed and executed by the Assignee, and (vii) it does not bear a relationship to Holdings or the Borrower as described in Section 108(e)(4) of the Code; and
(b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor 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 decisions in taking or not taking action under 

  
 A-1-5

 
the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

 2. Payments. From and after the Assignment Effective Date, the Administrative Agent shall make all payments in respect
of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignee whether such amounts have accrued prior to or on or after the Assignment Effective Date. The Assignor and the Assignee shall make all
appropriate adjustments in payments by the Administrative Agent for periods prior to the Assignment Effective Date or with respect to the making of this assignment directly between themselves. 

3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and
their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when
taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by facsimile or other electronic imaging shall be effective as delivery of a manually executed counterpart
of this Assignment and Assumption. This Assignment and Assumption shall be governed by and construed in accordance with the laws of the State of New York. 

  
 A-1-6

 EXHIBIT A-2 
 [FORM OF] AFFILIATED ASSIGNMENT AND ASSUMPTION 
 This Affiliated Assignment
and Assumption (this “Assignment and Assumption”) is dated as of the Assignment Effective Date set forth below and is entered into by and between the Assignor (as defined below) and the Assignee (as defined below). Capitalized terms
used but not defined herein shall have the meanings given to them in the Second Lien Credit Agreement identified below (the “Second Lien Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The
Standard Terms and Conditions set forth in Annex I attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably
purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions referred to below and the Second Lien Credit Agreement, as of the Assignment Effective Date inserted by the Administrative Agent as
contemplated below, (a) all of the Assignor’s rights and obligations in its capacity as a Lender under the Second Lien Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount
and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any Guarantees included in such facilities) and (b) to the extent permitted
to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Second Lien Credit
Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory
claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (a) above (the rights and obligations sold and assigned pursuant to clauses (a) and (b) above being referred to
herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.

  

	 	1.	Assignor:
                                         
                                         
                                         
                                         
                 

  

	 	2.	Assignee:
                                         
                                         
                                         
                                         
                 

	 	    	         [and  is a [Purchasing Borrower Party][Purchasing Debt Affiliate]]1 

 

	 	3.	Borrower: TriNet HR Corporation 

  

	 	4.	Administrative Agent: Wilmington Trust, National Association, as the Administrative Agent under the Second Lien Credit Agreement 

 

	1 	Select as applicable. 

  
 A-2-1

	 	5.	Second Lien Credit Agreement: The Second Lien Credit Agreement dated as of August 20, 2013, among TriNet HR Corporation (the “Borrower”), TriNet
Group, Inc. (“Holdings”), the Lenders from time to time party thereto and Wilmington Trust, National Association, as Administrative Agent, as amended, supplemented or otherwise modified as of the date hereof

  

	 	6.	 Assigned
Interest:2 

 

													
	 Facility Assigned
	  	Aggregate 
Amount
of
Commitment/Loans
of all Lenders	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage
Assigned of
Commitment/
Loans3	 
	 Term Commitment/ Loans
	  	$	 	  	  	$	 	  	  	 	%	  
	
[            ]4
	  	$	 	  	  	$	 	  	  	 	%	  

 Assignment Effective
Date:                         ,            
20         [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR] 
 The Assignee, if not already a Lender, agrees to deliver to the Administrative Agent a completed Administrative Questionnaire in which the Assignee designates one or more credit contacts to whom all
syndicate-level information (which may contain MNPI) will be made available and who may receive such information in accordance with the Assignee’s compliance procedures and applicable law, including Federal, state and foreign securities laws.

  

	2 	Must comply with the minimum assignment amounts set forth in Section 9.04(b)(ii)(A) of the Second Lien Credit Agreement, to the extent such minimum assignment
amounts are applicable. 

	3 	Set forth, to at least nine decimals, as a percentage of the Commitments/Loans of all Lenders or Incremental Term Lenders of the applicable Class.

	4 	In the event Incremental Term Commitments/Incremental Term Loans or Refinancing Term Loan Commitments/Refinancing Term Loans of any Series are established under
Section 2.21 or Section 2.22 of the Second Lien Credit Agreement, as applicable, refer to the Series of such Incremental Term Commitments/Incremental Term Loans or Refinancing Term Loan Commitments/Refinancing Term Loans assigned, as
applicable. 

  
 A-2-2

							
	The terms set forth above are hereby agreed to:	 		  	[Consented to and]6 Accepted:
			
	                     , as
Assignor,
	 		  	 JPMORGAN CHASE BANK, N.A.,
 as
Administrative Agent,

				
	by	 		 		  	by
				
		 	  
	 		  	  

		 	Name:	 		  	Name:
		 	Title:	 		  	Title:
			
	                        , as Assignee,5	 		  	[Consented to:]7
				
	by	 		 		  	[TRINET HR CORPORATION,]
			
		 	  
	 	
		 	 Name:
 Title:
	 		  	by
		 		 		  	  

		 		 		  	Name:
		 		 		  	Title:

  

	5	The Assignee must deliver to the
Borrower all applicable Tax forms required to be delivered by it under the Second Lien Credit Agreement, including Section 2.17(f) thereof. 

	6	To be included only if the consent
of the Administrative Agent is required by Section 9.04(b)(i)(B) or 9.04(b)(ii)(A) of the Second Lien Credit Agreement. 

	7 	 To be included only if the consent of the Borrower is required by 9.04(b)(i)(A) or 9.04(b)(ii)(A) of the Second Lien Credit Agreement.

  
 A-2-3

 Annex I 
 STANDARD TERMS AND CONDITIONS FOR 
 AFFILIATED ASSIGNMENT AND ASSUMPTION

 1. Representations and Warranties. 
 1.1. Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any
lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby;
(b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Second Lien Credit Agreement or any other Loan Document, other than statements made by it herein,
(ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of Holdings, the Borrower, any Subsidiary or any other Affiliate of
Holdings or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by Holdings, the Borrower, any Subsidiary or any other Affiliate of Holdings or any other Person of any of their respective obligations
under any Loan Document; and (c) acknowledges that the Assignee is a [Purchasing Borrower Party][Purchasing Debt Affiliate]. 
 1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption
and to consummate the transactions contemplated hereby and to become a Lender under the Second Lien Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Second Lien Credit Agreement that are required to be satisfied by
it in order to acquire the Assigned Interest and become a Lender, (iii) it is a [Purchasing Borrower Party] [Purchasing Debt Affiliate], (iv) as of the date hereof the Assignee does not have any MNPI that either (A) has not been
disclosed to the Assignor (other than because the Assignor does not wish to receive MNPI) on or prior to the date hereof or (B) if not disclosed to the Assignor, could reasonably be expected to have a material effect upon, or otherwise be
material to, (1) the Assignor’s decision to make the assignment effectuated hereby or (2) the market price of the Loans to be assigned hereunder, (v) from and after the Effective Date, it shall be bound by the provisions of the
Second Lien Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (vi) it has received a copy of the Second Lien Credit Agreement, together with copies of the
most recent financial statements delivered pursuant to Section 5.01 thereof (or, prior to the first such delivery, the financial statements referred to in Section 3.04 thereof), and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the
Administrative Agent, the Assignor or any other Lender, (vii) it is not a Purchasing Borrower Party or, if it is a Purchasing Borrower Party, the Borrower has delivered to the Auction Manager an officer’s certificate of its Financial
Officer certifying as to compliance with clauses (i), (v), (vi), (vii) and (ix) of Section 2.24(a) of 

  
 A-2-4

 
the Second Lien Credit Agreement, (viii) if it is a Lender that is a U.S. Person, attached to this Assignment and Assumption is an executed original of IRS Form W-9 certifying that such
Lender is exempt from U.S. Federal backup withholding tax and (ix) if it is a Foreign Lender, attached to this Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Second Lien Credit
Agreement (including Section 2.17(f) thereof), duly completed and executed by the Assignee, and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor 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 decisions in taking or not taking action under the Loan Documents and (ii) it will perform in accordance with their terms all of the
obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 
 2. [Payments.
From and after the Assignment Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignee whether such amounts have accrued
prior to or on or after the Assignment Effective Date. The Assignor and the Assignee shall make all appropriate adjustments in payments by the Administrative Agent for periods prior to the Assignment Effective Date or with respect to the making of
this assignment directly between themselves.]14

 3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties
hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of
which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by facsimile or other electronic imaging shall be effective as delivery of a manually executed
counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by and construed in accordance with the laws of the State of New York. 

 

	14 	To be included if the Assignee is a Purchasing Debt Affiliate. 

  
 A-2-5

 EXHIBIT B 
 [FORM OF] BORROWING REQUEST 
 [Date] 

Wilmington Trust, National Association, 

    as Administrative Agent 

520 Madison Avenue 
 New York, NY 10022-4213

 Attention: Chris Monigle 
 Fax:
212.415.0513 
 Ladies and Gentlemen: 
 Reference is made to the Second Lien Credit Agreement dated as of August 20, 2013 (as amended, supplemented or otherwise modified as of the date hereof, the “Second Lien Credit
Agreement”), among TriNet HR Corporation (the “Borrower”), TriNet Group, Inc., the Lenders from time to time party thereto and Wilmington Trust, National Association, as Administrative Agent. Capitalized terms used but not
otherwise defined herein shall have the meanings specified in the Second Lien Credit Agreement. This notice constitutes a Borrowing Request and the Borrower hereby gives you notice, pursuant to Section 2.03 of the Second Lien Credit Agreement,
that it requests a Borrowing under the Second Lien Credit Agreement, and in connection therewith specifies the following information with respect to such Borrowing: 
  

	 	(A)	Class of Borrowing:15
                                         
                                         
               

  

	 	(B)	Aggregate principal amount of Borrowing
:16 

	 	    	$                            
 

  

	 	(C)	Date of Borrowing (which is a Business Day):
                             

 

	 	(D)	Type of Borrowing:17
                                         
                                         
           

  

	 	(E)	Interest Period and the last day
thereof:18
                                 

 

	15 	Specify Term Borrowing, Incremental Term Borrowing or Refinancing Term Loan Borrowing, and if an Incremental Term Borrowing or Refinancing Term Loan Borrowing, specify
the Series. 

	16 	Must comply with Section 2.02(c) of the Credit Agreement. 

	17 	Specify ABR Borrowing or Eurodollar Borrowing. If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing.

	18 	Applicable to Eurodollar Borrowings only, shall be subject to the definition of “Interest Period” and can be a period of one, two, three or six months (or, to
the extent made available by all Lenders participating in the requested Borrowing, twelve months). If an Interest Period is not specified, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

  
 B-1

	 	(F)	Location and number of the Borrower’s account to which proceeds of the requested Borrowing are to be disbursed: [Name of Bank] (Account
No.:                                         
   ) 

 The Borrower hereby certifies that the conditions specified in Section 4.01 of the
Second Lien Credit Agreement have been satisfied. 
  

			
	            Very truly yours,
	
	TRINET HR CORPORATION,
		
	By:	 	 
		 	Name:
		 	Title:

  
 B-2

 EXHIBIT C 
 AUCTION PROCEDURES 
 This Exhibit C is intended to summarize certain basic terms
of the modified Dutch auction procedures pursuant to and in accordance with the terms and conditions of Section 2.24 of the Second Lien Credit Agreement dated as of August 20, 2013 (as amended, supplemented or otherwise modified as
of the date hereof, the “Second Lien Credit Agreement”), among TriNet HR Corporation, TriNet Group, Inc., the Lenders from time to time party thereto and Wilmington Trust, National Association, as Administrative Agent (the
“Administrative Agent”). This Exhibit C is not intended to be a definitive statement of all of the terms and conditions of a modified Dutch auction, the definitive terms and conditions for which shall be set forth in the
applicable offering document. None of the Administrative Agent, the Auction Manager, or any of their Affiliates makes any recommendation pursuant to any offering document as to whether or not any Lender should sell its Loans to a Purchasing Borrower
Party pursuant to any offering documents, nor shall the decision by the Administrative Agent or the Auction Manager (or any of their Affiliates) in its capacity as a Lender to sell its Loans to a Purchasing Borrower Party be deemed to constitute
such a recommendation. Each Lender should make its own decision as to whether to sell any of its Loans and as to the price to be sought for such Loans. In addition, each Lender should consult its own attorney, business advisor or tax advisor as to
legal, business, tax and related matters concerning each Auction Purchase Offer and the relevant offering documents. Capitalized terms not otherwise defined in this Exhibit C have the meanings assigned to them in the Second Lien Credit
Agreement. 
 1. Notice Procedures. In connection with each Auction Purchase Offer, the applicable Purchasing
Borrower Party will provide notification to the Auction Manager (for distribution to the Lenders of the applicable Class(es)) of the Class or Classes of Loans (as determined by such Purchasing Borrower Party in its sole discretion) that will be the
subject of such Auction Purchase Offer (each, an “Auction Notice”). Each Auction Notice shall contain (i) the maximum principal amount (calculated on the face amount thereof) of each Class of Loans that the applicable
Purchasing Borrower Party offers to purchase in such Auction Purchase Offer (the “Auction Amount”), which shall be no less than $10,000,000 (across all such Classes) (unless a lesser amount is agreed to by the Administrative Agent
in its reasonable discretion); (ii) the range of discounts to par (the “Discount Range”), expressed as a range of prices (in increments of $5) per $1,000, at which such Purchasing Borrower Party would be willing to purchase
Loans of each applicable Class in such Auction Purchase Offer; and (iii) the date on which such Auction Purchase Offer will conclude (which date shall not be fewer than three Business Days following the distribution of the Auction Notice to the
Lenders of the applicable Class(es)), on which date Return Bids (as defined below) will be due by 1:00 p.m., New York City time (as such date and time may be extended by the Auction Manager, the “Expiration Time”). Such Expiration
Time may be extended for a period not exceeding three Business Days upon notice by the Purchasing Borrower Party to the Auction Manager received not less than 24 hours before the original Expiration Time; provided, that only two extensions
per offer shall be permitted (unless otherwise approved by the Auction Manager prior to the date of the applicable Auction Purchase Offer). An Auction Purchase Offer shall be regarded as a “failed purchase offer” in the event that either
(x) the applicable Purchasing Borrower Party withdraws such Auction Purchase Offer in accordance with the terms hereof or as set forth in Section 2.24(b) of the Second Lien Credit Agreement or (y) the Expiration Time occurs with no
Qualifying Bids (as defined below) having been received. In the event of a failed purchase offer, no Purchasing Borrower Party shall be permitted to deliver a new Auction Notice prior to the date occurring three Business Days after such withdrawal
or Expiration Time, as the case may be. Notwithstanding anything to the contrary contained herein, the applicable Purchasing Borrower Party shall not initiate any Auction Purchase Offer by delivering an Auction Notice to the Auction Manager until
after the conclusion (whether successful or failed) of the 

  
 C-1

 
previous Auction Purchase Offer (if any), whether such conclusion occurs by withdrawal of such previous Auction Purchase Offer or the occurrence of the Expiration Time of such previous Auction
Purchase Offer. 
 2. Reply Procedures. In connection with any Auction Purchase Offer, each Lender of the Loans of the
applicable Class(es) wishing to participate in such Auction Purchase Offer shall, prior to the Expiration Time, provide the Auction Manager with a notice of participation, in the form included in the applicable offering document (each, a
“Return Bid”) which shall specify (i) a discount to par that must be expressed as a price (in increments of $5) per $1,000 in principal amount of Loans (the “Reply Price”) of the applicable Class(es) within the
Discount Range and (ii) the principal amount of Loans of the applicable Class(es), in an amount not less than $1,000,000 or an integral multiple of $1,000 in excess thereof, that such Lender offers for sale at its Reply Price (the
“Reply Amount”). A Lender may submit a Reply Amount that is less than the minimum amount and incremental amount requirements described above only if the Reply Amount comprises the entire amount of the Loans of the applicable
Class(es) held by such Lender. Lenders may only submit one Return Bid per Class per Auction Purchase Offer, but each Return Bid may contain up to three component bids, each of which may result in a separate Qualifying Bid and each of which will not
be contingent on any other component bid submitted by such Lender resulting in a Qualifying Bid. In addition to the Return Bid, the participating Lender must execute and deliver, to be held in escrow by the Auction Manager, an Affiliated Assignment
and Assumption. No Purchasing Borrower Party will purchase any Loans at a price that is outside of the applicable Discount Range, nor will any Return Bids (including any component bids specified therein) submitted at a price that is outside such
applicable Discount Range be considered in any calculation of the Applicable Threshold Price (as defined below). 
 3.
Acceptance Procedures. Based on the Reply Prices and Reply Amounts received by the Auction Manager, the Auction Manager, in consultation with the applicable Purchasing Borrower Party, will calculate the lowest purchase price (the
“Applicable Threshold Price”) for such Auction Purchase Offer within the Discount Range for such Auction Purchase Offer that will allow such Purchasing Borrower Party to complete the Auction Purchase Offer by purchasing the full
Auction Amount (or such lesser amount of Loans for which such Purchasing Borrower Party has received Qualifying Bids). Subject to the conditions contained in the Auction Notice, the applicable Purchasing Borrower Party shall purchase Loans of the
applicable Class(es) from each Lender whose Return Bid is within the Discount Range and contains a Reply Price that is equal to or less than the Applicable Threshold Price (each, a “Qualifying Bid”). All Term Loans of the applicable
Class included in Qualifying Bids (including multiple component Qualifying Bids contained in a single Return Bid) received at a Reply Price lower than the Applicable Threshold Price will be purchased at such applicable Reply Prices and shall not be
subject to proration. Each participating Lender will receive notice of a Qualifying Bid as soon as reasonably practicable but in no case later than five business days from the date of the Expiration Time. 

4. Proration Procedures. All Loans offered in Return Bids (or, if applicable, any component bid thereof) constituting Qualifying
Bids at the Applicable Threshold Price will be purchased at the Applicable Threshold Price; provided that if the aggregate principal amount of all Loans of the applicable Class(es) for which Qualifying Bids have been submitted in any given
Auction Purchase Offer at the Applicable Threshold Price would exceed the remaining portion of the Auction Amount (after deducting all Loans of the applicable Class(es) to be purchased at prices below the Applicable Threshold Price), the applicable
Purchasing Borrower Party shall purchase such Loans ratably based on the relative principal amounts offered by each Lender in an aggregate amount equal to the amount necessary to complete the purchase of the Auction Amount. No Return Bids or any
component bid thereof will be accepted above the Applicable Threshold Price. 
 5. Notification Procedures. The Auction
Manager will calculate the Applicable Threshold Price and post the Applicable Threshold Price and proration factor onto an internet or intranet site (including an IntraLinks, SyndTrak or other electronic workspace) in accordance with the Auction
Manager’s standard dissemination practices by 4:00 p.m. New York City time on the Business Day during which the Expiration Time occurs. The Auction Manager will insert the principal amount of Loans of the applicable Class to be assigned and the
applicable settlement date into each applicable Affiliated Assignment and Assumption received in connection with a Qualifying Bid. Upon the request of the 

  
 C-2

 
submitting Lender, the Auction Manager will promptly return any Affiliated Assignment and Assumption received in connection with a Return Bid that is not a Qualifying Bid. 

6. Additional Procedures. Once initiated by an Auction Notice, the applicable Purchasing Borrower Party may withdraw an Auction
Purchase Offer only if no Qualifying Bid has been received by the Auction Manager at the time of withdrawal. Any Return Bid (including any component bid thereof) delivered to the Auction Manager may not be withdrawn, modified, revoked, terminated or
canceled by a Lender. However, an Auction Purchase Offer may become void if the conditions to the purchase set forth in Section 2.24 of the Second Lien Credit Agreement are not met. The purchase price in respect of each Qualifying Bid
for which purchase by such Purchasing Borrower Party is required in accordance with the foregoing provisions shall be paid directly by such Purchasing Borrower Party to the respective assigning Lender on a settlement date as determined jointly by
such Purchasing Borrower Party and the Auction Manager (which shall be not later than ten Business Days after the date Return Bids are due). The applicable Purchasing Borrower Party shall execute each applicable Affiliated Assignment and Assumption
received in connection with a Qualifying Bid. All questions as to the form of documents and eligibility of Loans that are the subject of an Auction Purchase Offer will be determined by the Auction Manager, in consultation with the applicable
Purchasing Borrower Party, and their determination will be final and binding so long as such determination is not inconsistent with the terms of Section 2.24 of the Second Lien Credit Agreement or this Exhibit C. The Auction
Manager’s interpretation of the terms and conditions of the offering document, in consultation with the applicable Purchasing Borrower Party, will be final and binding so long as such interpretation is not inconsistent with the terms of
Section 2.24 of the Second Lien Credit Agreement or this Exhibit C. None of the Administrative Agent, the Auction Manager or any of their Affiliates assumes any responsibility for the accuracy or completeness of the information
concerning the applicable Purchasing Borrower Party, the Loan Parties, or any of their Affiliates (whether contained in an offering document or otherwise) or for any failure to disclose events that may have occurred and may affect the significance
or accuracy of such information. This Exhibit C shall not require any Purchasing Borrower Party to initiate any Auction Purchase Offers. 

  
 C-3

 EXHIBIT D 
 [FORM OF] SECOND LIEN GUARANTEE AND COLLATERAL AGREEMENT 
 THIS SECOND LIEN
GUARANTEE AND COLLATERAL AGREEMENT (this “Agreement”) is entered into as of August 20, 2013, among TRINET HR CORPORATION, a California corporation (the “Borrower”), TRINET GROUP, INC., a Delaware corporation
(“Holdings”), and the other parties identified as “Grantors” on the signature pages hereto and such other parties that may become Grantors hereunder after the date hereof (together with the Borrower, individually a
“Grantor”, and collectively the “Grantors”) and WILMINGTON TRUST, NATIONAL ASSOCIATION, in its capacity as administrative agent and collateral agent (in such capacity, the “Collateral Agent”) for
the Secured Parties. 
 Reference is made to the Second Lien Credit Agreement dated as of August 20, 2013 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, Holdings, the Lenders party thereto and Wilmington Trust, National Association, as administrative agent. The Lenders have agreed to
extend credit to the Borrower subject to the terms and conditions set forth in the Credit Agreement. The obligations of the Lenders to extend such credit are conditioned upon, among other things, the execution and delivery of this Agreement.
Holdings and the Subsidiary Loan Parties are affiliates of the Borrower, will derive substantial benefits from the extension of credit to the Borrower pursuant to the Credit Agreement and are willing to execute and deliver this Agreement in order to
induce the Lenders to extend such credit. Accordingly, the parties hereto agree as follows: 
 1. Definitions.

 (a) Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in
the Credit Agreement and the following terms shall have the meanings set forth in the UCC (defined below): Accession, Account, Adverse Claim, As-Extracted Collateral, Chattel Paper, Commercial Tort Claim, Consumer Goods, Deposit Account, Document,
Electronic Chattel Paper, Equipment, Farm Products, Financial Asset, Fixtures, General Intangible, Goods, Instrument, Inventory, Investment Company Security, Investment Property, Letter-of-Credit Right, Manufactured Home, Money, Proceeds, Securities
Account, Security, Securities Account, Software, Supporting Obligation and Tangible Chattel Paper. 
 (b) The
rules of construction specified in Section 1.03 of the Credit Agreement shall apply to this Agreement mutatis mutandis. In addition, the following terms shall have the meanings set forth below: 

“Account Debtor” means any Person who is or who may become obligated to any Grantor under, with respect to or on account
of an Account. 
 “Borrower” has the meaning assigned to such term in the introductory paragraph to this
Agreement. 
 “Claiming Party” has the meaning assigned to such term in Section 13(b). 

 “Collateral” has the meaning assigned to such term in
Section 3. 
 “Contributing Party” has the meaning assigned to such term in
Section 13(b). 
 “Copyright License” means any written agreement now or hereafter in effect,
granting to any Person any right under any Copyright now or hereafter owned by any Grantor or that such Grantor otherwise has the right to license, or granting any right to any Grantor under any Copyright now or hereafter owned by any Person, or
that any other Person now or hereafter otherwise has the right to license and all rights of such Grantor under any such agreement. 
 “Copyrights” means: (a) all registered United States copyrights in all Works, now existing or hereafter created or acquired, all registrations and recordings thereof, and all
applications in connection therewith, including registrations, recordings and applications in the United States Copyright Office, and (b) all renewals thereof. 
 “Credit Agreement” has the meaning assigned to such term in the introductory paragraph of this Agreement. 
 “Discharge of Senior Obligations” has the meaning assigned to such term in the First Lien/Second Lien Intercreditor Agreement. 

“First Lien/Second Lien Intercreditor Agreement” has the meaning assigned to such term in the Credit Agreement.

 “Grantors” means Holdings, the Borrower and the Subsidiary Loan Parties. 

“Guarantors” means Holdings, the Borrower (except with respect to obligations of the Borrower) and the Subsidiary Loan
Parties. 
 “Holdings” has the meaning assigned to such term in the introductory paragraph to this Agreement.

 “Indemnified Amount” has the meaning assigned to such term in Section 13(b). 

“Intellectual Property” means all intellectual and similar property of every kind and nature now owned or hereafter
acquired by any Grantor, including inventions, designs, Patents, Copyrights, Licenses, Trademarks, trade secrets, domain names, confidential or proprietary technical and business information, know-how, show-how or other data or information, software and databases and all embodiments or fixations thereof and related documentation, registrations and franchises, and all additions, improvements and accessions to, and
books and records describing or used in connection with, any of the foregoing. 
 “Issuer” means an issuer of
uncertficated Pledged Equity. 

  
 D-2

 “Patent License” means any written agreement, now or hereafter in effect,
granting to any Person any right to make, use or sell any invention on which a Patent, owned by any Grantor or that any Grantor otherwise has the right to license, is in existence, or granting to any Grantor any right to make, use or sell any
invention on which a Patent owned by any other Person, or that any other Person otherwise has the right to license, is in existence, and all rights of any Grantor under any such agreement. “Patents” means (a) all letters patent
of the United States or any other country and all reissues and extensions thereof, and (b) all applications for letters patent of the United States or any other country and all divisions, continuations and continuations-in-part thereof.

 “Pledged Equity” means, with respect to each Grantor: 

(a) 100% of the issued and outstanding Equity Interests of each Significant Domestic Subsidiary (other than a CFC Holding
Company) of each Grantor that is directly owned by such Grantor, (b) except as provided in the following clause (c), 65% of the outstanding Equity Interests entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and
100% of the outstanding Equity Interests not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) in each Significant Foreign Subsidiary that is a CFC or each Significant Domestic Subsidiary that is a CFC Holding Company
of each Grantor that is directly owned by such Grantor, and (c) 100% of the issued and outstanding Equity Interests of each Significant Foreign Subsidiary of each Grantor that is directly owned by such Grantor and that is a Pass-Through Foreign
Subsidiary, including the Equity Interests of the Subsidiaries owned by such Grantor as set forth on Schedule 3 of the Perfection Certificate, in each case together with the certificates (or other agreements or instruments), if any,
representing such shares, and all options and other rights, contractual or otherwise, with respect thereto, including the following: 
 (1) all Equity Interests representing a dividend thereon, or representing a distribution or return of capital upon or in respect thereof, or resulting from a stock split, revision, reclassification or
other exchange therefor, and any subscriptions, warrants, rights or options issued to the holder thereof, or otherwise in respect thereof; and 
 (2) subject to the limitations in clauses (a) through (c) of the definition hereof, in the event of any consolidation or merger involving the issuer thereof and in which such issuer is not the
surviving Person, all shares of each class of the Equity Interests of the successor Person formed by or resulting from such consolidation or merger, to the extent that such successor Person is a direct Significant Domestic Subsidiary of a Grantor
(that is not a CFC Holding Company) or, if such successor Person is a direct Significant Foreign Subsidiary of a Grantor, 65% of all shares of each class of the Equity Interests of such successor Person formed by or resulting from such consolidation
or merger in the case of a CFC or CFC Holding Company and 100% of all shares of each class of the Equity 

  
 D-3

 
Interests of such successor Person that is a Pass-Through Foreign Subsidiary. 
 “Pledged Securities” means any promissory notes, stock certificates, unit certificates, or other securities now or hereafter included in the Collateral, including all certificates,
instruments or other documents representing or evidencing any Collateral. 
 “Senior Collateral Agent” has the
meaning assigned to such term in the First Lien/Second Lien Intercreditor Agreement. 
 “Senior Collateral
Documents” has the meaning assigned to such term in the First Lien/Second Lien Intercreditor Agreement. 

“Senior Obligations” has the meaning assigned to such term in the First Lien/Second Lien Intercreditor Agreement.

 “Senior Representative” has the meaning assigned to such term in the First Lien/Second Lien Intercreditor
Agreement. 
 “Senior Secured Parties” has the meaning assigned to such term in the First Lien/Second Lien
Intercreditor Agreement. 
 “Subsidiary Loan Parties” means (a) the Subsidiaries party to this Agreement
on the Closing Date and (b) each other Subsidiary that becomes a party to this Agreement after the Closing Date. 

“Trademark License” means any written agreement, now or hereafter in effect, granting to any Person any right to use any
Trademark owned by any Grantor or that any Grantor otherwise has the right to license, or granting to any Grantor any right to use any Trademark owned by any other Person or that any other Person otherwise has the right to license, and all rights of
any Grantor under any such agreement. 
 “Trademarks” means (a) all trademarks, trade names, corporate
names, company names, business names, fictitious business names, trade styles, service marks, logos and other source or business identifiers, and the goodwill associated therewith, now existing or hereafter adopted or acquired, all registrations and
recordings thereof, and all applications in connection therewith, whether in the United States Patent and Trademark Office or in any similar office or agency of the United States, any state thereof or any other country or any political subdivision
thereof, or otherwise and (b) all renewals thereof. 
 “UCC” means the Uniform Commercial Code as in
effect from time to time in the state of New York except as such term may be used in connection with the perfection of the Collateral and then the applicable jurisdiction with respect to such affected Collateral shall apply. 

“Work” means any work that is subject to copyright protection pursuant to Title 17 of the United States Code.

  
 D-4

 2. Guarantee. 

(a) Guarantee. Each Guarantor irrevocably and unconditionally guarantees to each of the Secured Parties, jointly
with the other Guarantors and severally, as a primary obligor and not merely as a surety, the due and punctual payment and performance of the Obligations. Each Guarantor further agrees that the Obligations may be extended or renewed, in whole or in
part, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension or renewal of any Obligation. Each Guarantor waives presentment to, demand of payment from and protest
to the Borrower or any other Loan Party of any of the Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. 
 (b) Guarantee of Payment; Continuing Guarantee. Each Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency,
receivership or other similar proceeding shall have stayed the accrual of collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Collateral
Agent or any other Secured Party to any security held for the payment of the Obligations or to any balance of any deposit account or credit on the books of the Collateral Agent or any other Secured Party in favor of the Borrower, any other party, or
any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all Obligations, whether currently existing or hereafter incurred. 

(c) No Limitations. 
 (i) Except for the termination or release of a Guarantor’s obligations hereunder as expressly provided in Section 9.14 of the Credit Agreement, the obligations of each Guarantor hereunder
shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or
termination whatsoever by reason of the invalidity, illegality or unenforceability of the Obligations, any impossibility in the performance of the Obligations, or otherwise. Without limiting the generality of the foregoing, the obligations of each
Guarantor hereunder shall not be discharged or impaired or otherwise affected by (A) the failure of the Collateral Agent or any other Secured Party to assert any claim or demand or to enforce any right or remedy under the provisions of any Loan
Document or otherwise; (B) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, any Loan Document or any other agreement, including with respect to any other Guarantor under this
Agreement; (C) the release of, or any impairment of or failure to perfect any Lien on or security interest in, any security held by the Collateral Agent or any other 

  
 D-5

 
Secured Party for any of the Obligations; (D) any default, failure or delay, wilful or otherwise, in the performance of any of the Obligations; or (E) any other act or omission that may
or might in any manner or to any extent vary the risk of any Guarantor or otherwise operate as a discharge of any Guarantor as a matter of law or equity (other than the indefeasible payment in full in cash of all the Obligations). Each Guarantor
expressly authorizes the Secured Parties to take and hold security for the payment and performance of the Obligations, to exchange, waive or release any or all such security (with or without consideration), to enforce or apply such security and
direct the order and manner of any sale thereof in their sole discretion or to release or substitute any one or more other guarantors or obligors upon or in respect of the Obligations, all without affecting the obligations of any Guarantor
hereunder. 
 (ii) To the fullest extent permitted by applicable law, each Guarantor waives any defense based on
or arising out of any defense of the Borrower or any other Loan Party or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower or any other Loan Party, other than
the indefeasible payment in full in cash of all the Obligations. The Collateral Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an
assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other Loan Party or exercise any other right or remedy available to them against the
Borrower or any other Loan Party, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent the Obligations have been indefeasibly paid in full in cash. To the fullest extent permitted by applicable law,
each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Guarantor
against the Borrower or any other Loan Party, as the case may be, or any security. 
 (d) Reinstatement.
Each Guarantor agrees that its guarantee hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Collateral Agent
or any other Secured Party upon the bankruptcy, insolvency, dissolution, liquidation or reorganization of the Borrower, any other Loan Party or otherwise. 
 (e) Agreement to Pay; Subrogation. In furtherance of the foregoing and not in limitation of any other right that the Collateral Agent or any other Secured Party has at law or in equity
against any Guarantor by virtue hereof, upon the failure of the Borrower or any other Loan Party to pay any Obligation when 

  
 D-6

 
and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each Guarantor hereby promises to and will forthwith pay, or cause to be paid, to
the Collateral Agent for distribution to the applicable Secured Parties in cash the amount of such unpaid Obligation guaranteed by such Guarantor pursuant to this Agreement. Upon payment by any Guarantor of any sums to the Collateral Agent as
provided above, all rights of such Guarantor against the Borrower or any other Loan Party arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to
Section 13. 
 (f) Information. Each Guarantor (i) assumes all responsibility for being
and keeping itself informed of the Borrower’s and each other Loan Party’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Obligations and the nature, scope and extent of the risks
that such Guarantor assumes and incurs hereunder, and (ii) agrees that none of the Collateral Agent or the other Secured Parties will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances
or risks. 
 3. Pledge and Grant of Security Interest in the Collateral. To secure the prompt payment and performance in
full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Obligations, each Grantor hereby grants to the Collateral Agent, for the benefit of the Secured Parties, a continuing security interest in any and all
right, title and interest of such Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”): (a) all Accounts; (b) all Chattel Paper;
(c) those certain Commercial Tort Claims set forth on Schedule 2(c) hereto; (d) all Copyrights; (e) all Copyright Licenses; (f) all Deposit Accounts; (g) all Documents; (h) all Equipment; (i) all Fixtures;
(j) all General Intangibles; (k) all Goods, (l) all Instruments; (m) all Inventory; (n) all Investment Property; (o) all Letter-of-Credit Rights and all Letters of Credit; (p) all Money; (q) all Patents;
(r) all Patent Licenses; (s) all Pledged Equity; (t) all Software; (u) all Supporting Obligations; (v) all Trademarks; (w) all Trademark Licenses; and (x) all Accessions and all Proceeds of any and all of the
foregoing. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to (and the term “Collateral” shall not include) Excluded Assets; provided, that in the event
of the termination or elimination of any prohibition described in the definition of “Excluded Assets” in the Credit Agreement or in the requirement for any consent contained in any applicable law, contract, lease, instrument, permit,
license, authorization or other agreement or asset, to the extent sufficient to permit any of the assets described in such definition to become Collateral hereunder, or upon the grant of any such consent, or waiver or termination of any requirement
for such consent, a security interest in such contract, lease, instrument, permit, license, authorization or other agreement or asset shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The
Grantors and the Collateral Agent, on behalf of the Secured Parties, hereby acknowledge and agree that (i) the security interest created hereby in the Collateral constitutes continuing collateral security for all of the Obligations, whether now
existing or hereafter arising, and (ii) no 

  
 D-7

 
security interest shall be granted in United States intent-to-use trademark applications to the extent that, and solely during the period in which, the grant of a security interest therein would
impair the validity or enforceability of such intent-to-use trademark applications under applicable federal law. 
 4.
Representations and Warranties. Each Grantor hereby represents and warrants to the Collateral Agent, for the benefit of the Secured Parties, that: 
 (a) Ownership. Each Grantor is the legal and beneficial owner of its Collateral and has the right to pledge, sell, assign or transfer the same. There exists no adverse claim with respect to the
Pledged Equity of such Grantor. 
 (b) Security Interest/Priority. This Agreement creates a valid security
interest in favor of the Collateral Agent, for the benefit of the Secured Parties, in the Collateral of such Grantor and, when properly perfected by filing under local perfection requirements or possession, as applicable, shall constitute a valid
and perfected, second priority security interest in such Collateral (including all uncertificated Pledged Equity consisting of partnership or limited liability company interests that do not constitute Securities), to the extent such security
interest can be perfected by filing under the UCC, free and clear of all Liens except for Liens permitted under Section 6.02 of the Credit Agreement and, as to priority, having a second priority security interest except for Liens
permitted under Section 6.02 of the Credit Agreement that have priority as a matter of law or contract. The taking possession by the Collateral Agent (or, prior to the Discharge of Senior Obligations, the Senior Collateral Agent) of the
certificated securities (if any) evidencing the Pledged Equity and all other Instruments constituting Collateral will perfect and establish the second priority of the Collateral Agent’s security interest in all the Pledged Equity evidenced by
such certificated securities and such Instruments other than local law perfection requirements in connection with Pledged Equity of Foreign Subsidiaries. 
 (c) Types of Collateral. None of the Collateral consists of, or is the Proceeds of, As-Extracted Collateral, Consumer Goods, Farm Products, Manufactured Homes or standing timber. 

(d) Accounts. (i) Each Account of the Grantors and the papers and documents relating thereto are genuine and
in all material respects what they purport to be, (ii) each Account arises out of (A) a bona fide sale of goods sold and delivered by such Grantor (or is in the process of being delivered) or (B) services theretofore actually rendered
by such Grantor to, the Account Debtor named therein, (iii) no Account of a Grantor is evidenced by any Instrument or Chattel Paper unless such Instrument or Chattel Paper, to the extent requested by the Collateral Agent, has been endorsed over
and delivered to, or submitted to the control of, (A) prior to the Discharge of Senior Obligations, the Senior Collateral Agent, and (B) thereafter, the Collateral Agent, (iv) except as disclosed on Schedule 6.02 to the
Disclosure Letter, no surety bond was required or given in connection with any Account of a Grantor or the contracts or purchase orders out 

  
 D-8

 
of which they arose and (v) the right to receive payment under each Account is assignable. 
 (e) Equipment and Inventory. With respect to any Equipment and/or Inventory of a Grantor, each such Grantor has exclusive possession and control of such Equipment and Inventory of such Grantor
except for (i) Equipment leased by such Grantor as a lessee and (ii) Equipment or Inventory in transit with common carriers, at a customer location or computers and other mobile equipment in the possession or control of directors,
officers, employees, consultants or other agents of such Grantor. No material Inventory of a Grantor is held by a Person other than a Grantor pursuant to consignment, sale or return, sale on approval or similar arrangement. 

(f) Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent
applicable, nonassessable and is not subject to the preemptive rights, warrants, options or other rights to purchase of any Person, or equityholder, voting trust or similar agreements outstanding with respect to, or property that is convertible,
into, or that requires the issuance and sale of, any of the Pledged Equity. 
 (g) No Other Equity Interests,
Instruments, Etc. As of the Closing Date, (i) no Grantor owns any certificated Equity Interests in any Subsidiary that are required to be pledged and delivered to (A) prior to the Discharge of Senior Obligations, the Senior Collateral
Agent and (B) thereafter, the Collateral Agent, hereunder or pursuant to the Collateral and Guarantee Requirement except as set forth on Schedule 3 of the Perfection Certificate delivered as of the Closing Date, (ii) no Grantor
holds any Instruments, Documents or Tangible Chattel Paper required to be pledged and delivered to (A) prior to the Discharge of Senior Obligations, the Senior Collateral Agent and (B) thereafter, the Collateral Agent, pursuant to
Section 5(a)(i) of this Agreement other than as set forth on Schedule 5 of the Perfection Certificate delivered as of the Closing Date and (iii) all such certificated securities, Instruments, Documents and Tangible Chattel
Paper have been delivered to (A) prior to the Discharge of Senior Obligations, the Senior Collateral Agent and (B) thereafter, the Collateral Agent, other than with respect to Pledged Equity of Foreign Subsidiaries. 

(h) Partnership and Limited Liability Company Interests. Except for the certificated Pledged Equity delivered to
the Senior Collateral Agent on or before the Closing Date or any Collateral that constitutes a Security or a Financial Asset held in a Securities Account that, pursuant to the Credit Agreement, is not required to be subject to the control of the
Collateral Agent (or, prior to the Discharge of Senior Obligations, the Senior Collateral Agent) or is an Excluded Account, as of the Closing Date, none of the Collateral (i) by its terms expressly provides that it is a Security governed by
Article 8 of the UCC, (ii) is held in a Securities Account that is not either required to be subject to the control of (A) prior to the Discharge of Senior Obligations, the Senior Collateral Agent and (B) thereafter, the Collateral
Agent, or an Excluded Account or (iii) constitutes a 

  
 D-9

 
Security or a Financial Asset not held in an account that is either subject to the control of (A) prior to the Discharge of Senior Obligations, the Senior Collateral Agent and
(B) thereafter, the Collateral Agent, or an Excluded Account. 
 (i) Commercial Tort Claims. As of
the Closing Date, no Grantor is pursuing any Commercial Tort Claims in which a suit has been filed by such Grantor and such Grantor is seeking damages of $1,000,000 or greater other than as set forth on Schedule 2(c) hereto. 

(j) Mergers, Etc. Other than as set forth on Schedule 1(b) of the Perfection Certificate, no Grantor has
been party to a merger, consolidation or other change in structure or used any tradename in the prior five years. 
 (k) Consents: Etc. There are no restrictions in any Organizational Document governing any Pledged Equity or any other document related thereto which would limit or restrict (i) the grant of a
Lien pursuant to this Agreement on such Pledged Equity, (ii) the perfection of such Lien or (iii) the exercise of remedies in respect of such perfected Lien in the Pledged Equity as contemplated by this Agreement other than restrictions
applicable under securities laws and local law restrictions with respect to Pledged Equity of Foreign Subsidiaries. Except for (A) the filing or recording of UCC financing statements, (B) the filing of appropriate notices with the United
States Patent and Trademark Office and the United States Copyright Office, (C) obtaining control to perfect the Liens created by this Agreement (to the extent required under Section 5(a) hereof), (D) such actions as may be
required by laws affecting the offering and sale of securities, (E) consents, authorizations, filings or other actions which have been obtained or made and (F) such actions as may be required by local laws governing the Pledged Equity of
Foreign Subsidiaries, no consent or authorization of, filing with, or other act by or in respect of, any arbitrator or Governmental Authority and no consent of any other Person (including any stockholder, member or creditor of such Grantor), is
required for (x) the grant by such Grantor of the security interest in the Collateral granted hereby or for the execution, delivery or performance of this Agreement by such Grantor, (y) the perfection of such security interest (to the
extent such security interest can be perfected by filing under the UCC, the granting of control (to the extent required under Section 5(a) hereof) or by filing an appropriate notice with the United States Patent and Trademark Office or
the United States Copyright Office) or (z) the exercise by the Collateral Agent or the Secured Parties of the rights and remedies provided for in this Agreement (other than such actions as may be required under applicable securities laws in
connection with the resale of any such Pledged Equity). 
 (l) Copyrights, Patents and Trademarks.

 (i) To the best of each Grantor’s knowledge, each material Copyright, Patent and Trademark of such
Grantor is valid, subsisting, unexpired, enforceable and has not been abandoned (except as enforcement thereof may be limited by applicable bankruptcy, 

  
 D-10

 
reorganization, insolvency, fraudulent conveyance, moratorium or similar laws affecting the enforcement of any creditor’s rights, generally and by general principles of equity (regardless of
whether enforcement is considered in a proceeding in law or equity)); 
 (ii) To the best of each Grantor’s
knowledge, no holding, decision or judgment has been rendered by any Governmental Authority that would limit, cancel or question the validity of any material Copyright, Patent or Trademark of any Grantor; 

(iii) No action or proceeding is pending seeking to limit, cancel or question the validity of any material Copyright,
Patent or Trademark of any Grantor, or that, is reasonably likely to have a Material Adverse Effect on the value of any material Copyright, Patent or Trademark of any Grantor; 

(iv) All necessary applications pertaining to the material Copyrights, Patents and Trademarks of each Grantor have been
duly and properly filed, and all necessary registrations or letters pertaining to such material Copyrights, Patents and Trademarks have been duly and properly filed and issued; and 

(v) Except for Liens permitted under Section 6.02 of the Credit Agreement and, with respect to the priority of
such Liens, Liens permitted under Section 6.02 of the Credit Agreement that have priority as a matter of law or contract, no Grantor has made any assignment or agreement in conflict with the security interest in the material Copyrights,
Patents or Trademarks of any Grantor hereunder. 
 5. Covenants. Each Grantor covenants that until such time as the
Obligations arising under the Loan Documents have been paid in full and the Commitments have expired or been terminated, such Grantor shall: 
 (a) Instruments/Chattel Paper/Pledged Equity/Control. 
 (i)
If any amount in excess of $1,000,000 payable to a Grantor shall be or become evidenced by Tangible Chattel Paper, or if any property constituting Collateral with a value in excess of $1,000,000 shall be stored or shipped subject to a Document,
ensure that such Tangible Chattel Paper or Document is either in the possession of such Grantor at all times or, if requested by the Collateral Agent to perfect its security interest in such Collateral, is delivered to (A) prior to the
Discharge of Senior Obligations, the Senior Collateral Agent, and (B) thereafter, the Collateral Agent, duly endorsed in a manner satisfactory to the Senior Collateral Agent or the Collateral Agent, as applicable. Such Grantor, at the request
of the Collateral Agent, shall ensure that any Collateral consisting of Tangible Chattel Paper in excess of $1,000,000 is marked 

  
 D-11

 
with a legend acceptable to the Collateral Agent indicating the Collateral Agent’s security interest in such Tangible Chattel Paper; 

(ii) Promptly deliver or cause to be delivered to (A) prior to the Discharge of Senior Obligations, the Senior
Collateral Agent and (B) thereafter, the Collateral Agent, any and all certificates and instruments constituting Pledged Equity (i) on the date hereof, in the case of any certificates and instruments owned by such Grantor on the date
hereof, and (ii) in accordance with Section 5.12 of the Credit Agreement, within 60 days after the acquisition thereof (or such longer period as the Administrative Agent, may agree to in writing) as required under the Credit
Agreement, in the case of any such certificates and instruments acquired by such Grantor after the date hereof, in each case to the extent such delivery is required by the Collateral and Guarantee Requirement. Prior to delivery to the Senior
Collateral Agent or the Collateral Agent, as applicable, all such certificates and instruments constituting Pledged Equity shall be held in trust by such Grantor for the benefit of the Collateral Agent pursuant hereto. All such certificates and
instruments representing Pledged Equity shall be delivered in suitable form for transfer by delivery or shall be accompanied by duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit
5(a)(ii) hereto; and 
 (iii) Cause (A) all Indebtedness for borrowed money owed to such Grantor by the
Borrower or any Subsidiary and (B) all Indebtedness for borrowed money in a principal amount of $1,000,000 or more owed to such Grantor by any other Person to be evidenced by a duly executed promissory note that is delivered to, (1) prior
to the Discharge of Senior Obligations, the Senior Collateral Agent and (2) thereafter, the Collateral Agent, (x) on the date hereof, in the case of any such promissory note existing on the date hereof, and (y) promptly after the
acquisition thereof (and, in any event, as required under the Credit Agreement (including Schedule 5.15 thereto)), in the case of any such promissory note acquired by such Grantor after the date hereof. 

(iv) Execute and deliver all agreements, assignments, instruments or other documents as reasonably requested by the
Collateral Agent or the Senior Collateral Agent for the purpose of obtaining and maintaining control with respect to any Collateral consisting of (A) Deposit Accounts (other than Excluded Accounts), (B) Investment Property,
(C) Electronic Chattel Paper and (D) Letter-of-Credit Rights, as required by the Collateral and Guarantee Requirement; 
 (v) If an Issuer (or if such Grantor at any time becomes an Issuer), upon the occurrence and during the continuance of an Event of Default, comply without further consent by any other Person with any
written instructions (within the meaning of Section 8-106(c) of the UCC) 

  
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originated by the Collateral Agent relating to the Equity Interests of such Issuer of which any other Person is the owner, and after receipt of such instructions from the Collateral Agent and
until such instructions are rescinded in writing by the Collateral Agent or this Agreement is terminated in accordance with Section 9.14 of the Credit Agreement, such Grantor shall not comply with any instructions issued by any Grantor
or any other person (other than the Collateral Agent); and 
 (vi) Notwithstanding anything to the contrary set
forth herein, prior to the Discharge of Senior Obligations, to the extent that any Grantor is required under this Agreement to deliver any Collateral to the Collateral Agent and is required to deliver such Collateral to the Senior Collateral Agent
in accordance with the terms of the Senior Collateral Documents or the First Lien/Second Lien Intercreditor Agreement, such Grantor’s obligations under this Agreement with respect to such delivery shall be deemed to be satisfied by the delivery
to the Senior Collateral Agent, acting as gratuitous bailee for the Secured Parties, pursuant to the terms of the First Lien/Second Lien Intercreditor Agreement. 

(b) Filing of Financing Statements, Notices, etc. Execute and deliver to the Collateral Agent such agreements,
assignments or instruments (including affidavits, notices, reaffirmations and amendments and restatements of existing documents, as the Collateral Agent may reasonably request) and do all such other things as the Collateral Agent may reasonably deem
necessary or appropriate (i) to assure to the Collateral Agent its security interests hereunder are perfected and maintained, including (A) such instruments as the Collateral Agent may from time to time reasonably request in order to
perfect and maintain the security interests granted hereunder in accordance with the UCC, (B) with regard to Patents, a Notice of Grant of Security Interest in Patents for filing with the United States Patent and Trademark Office in the form of
Exhibit 5(b)(i) hereto, (C) with regard to Trademarks, a Notice of Grant of Security Interest in Trademarks for filing with the United States Patent and Trademark Office in the form of Exhibit 5(b)(ii) hereto and (D) with
regard to Copyrights, a Notice of Grant of Security Interest in Copyrights in the form of Exhibit 5(b)(iii) and (ii) to otherwise protect and assure the Collateral Agent of its rights and interests hereunder. Furthermore, each Grantor
also hereby irrevocably makes, constitutes and appoints the Collateral Agent, its nominee or any other person whom the Collateral Agent may designate, as such Grantor’s attorney in fact with full power and for the limited purpose to sign in the
name of such Grantor any financing statements, or amendments and supplements to financing statements, renewal financing statements, notices or any similar documents which in the Collateral Agent’s reasonable discretion would be necessary or
appropriate in order to perfect and maintain perfection of the security interests granted hereunder, such power, being coupled with an interest, being and remaining irrevocable until such time as the Obligations have been paid in full and the
Commitments have expired or been terminated; 

  
 D-13

 (c) Treatment of Accounts. Not grant or extend the time for payment
of any Account, or compromise or settle any Account for less than the full amount thereof, or release any person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and customary in
the ordinary course of a Grantor’s business, as permitted by the Credit Agreement or as required by law; 

(d) Commercial Tort Claims. (i) Promptly notify the Collateral Agent in writing of the initiation of any
Commercial Tort Claims by or in favor of such Grantor seeking damages in excess of $1,000,000 and promptly after such notification forward to the Collateral Agent an updated Schedule 2(c) hereto and (ii) execute and deliver such
statements, documents and notices and do and cause to be done all such things as may be reasonably required by the Collateral Agent, or required by law to create, preserve, perfect and maintain the Collateral Agent’s security interest in any
Commercial Tort Claims initiated by or in favor of any Grantor; 
 (e) Other Liens. Use commercially
reasonable efforts to defend the Collateral against Liens except for Liens permitted under Section 6.02 of the Credit Agreement that have priority as a matter of law or contract, or under Section 6.02 of the Credit Agreement,
that are permitted to have priority; 
 (f) Insurance. Insure, repair and replace the Collateral of such
Grantor as set forth in the Credit Agreement; 
 (g) Issuance or Acquisition of Equity Interests. To the
extent any Pledged Equity in any limited liability company or limited partnership controlled now or in the future by such Grantor and pledged hereunder is a “security” within the meaning of Article 8 of the UCC and is governed by Article 8
of the UCC, cause such interest to be certificated and such Grantor agrees that each such interest shall at all times hereafter continue to be such a security and represented by such certificate. Each Grantor further acknowledges and agrees that
with respect to any interest in any limited liability company, limited partnership or corporation controlled now or in the future by such Grantor and pledged hereunder that is not a “security” within the meaning of Article 8 of the UCC,
such Grantor shall at no time elect to treat any such interest as a “security” within the meaning of Article 8 of the UCC, nor shall such interest be represented by a certificate, unless such Grantor provides prior written notification to
the Collateral Agent of such election and such interest is thereafter represented by a certificate that is promptly delivered to (A) prior to the Discharge of Senior Obligations, the Senior Collateral Agent and (B) thereafter, the
Collateral Agent, pursuant to the terms hereof. 
 (h) Intellectual Property. 

(i) Not do any act or knowingly omit to do any act whereby any material Copyright may become invalidated and (A) not
do any act, or 

  
 D-14

 
knowingly omit to do any act, whereby any material Copyright may become injected into the public domain; (B) notify the Collateral Agent promptly if it knows that any material Copyright may
become injected into the public domain or of any materially adverse determination or development (including the institution of, or any such determination or development in, any court or tribunal in the United States or any other country) regarding a
Grantor’s ownership of any such material Copyright or its validity; (C) take all commercially reasonable steps as it shall deem appropriate under the circumstances, to maintain and pursue each application (and to obtain the relevant
registration) of each material Copyright owned by a Grantor and to maintain each registration of each material Copyright owned by a Grantor including filing of applications for renewal where necessary; and (D) promptly notify the Collateral
Agent of any infringement of any material Copyright of a Grantor of which it becomes aware and take such commercially reasonable actions as it shall reasonably deem appropriate under the circumstances to protect such material Copyright, including,
where deemed appropriate by such Grantor in its commercially reasonable discretion, the bringing of suit for infringement, seeking injunctive relief and seeking to recover any and all damages for such infringement; 

(ii) Not make any assignment or agreement in conflict with the security interest in the Copyrights of each Grantor
hereunder, except for Dispositions, Liens and licenses permitted under the Credit Agreement; 
 (iii) Continue to
(A) use each material Trademark on each and every trademark class of goods applicable to its current line as reflected in its current catalogs, brochures and price lists in order to maintain such material Trademark in full force free from any
claim of abandonment for non-use, (B) maintain as in the past the quality of products and services offered under such material Trademark, (C) employ such material Trademark with the appropriate notice of registration, if applicable,
(D) not adopt or use any mark that is confusingly similar or a colorable imitation of such material Trademark unless the Collateral Agent, for the benefit of the Secured Parties, shall obtain a perfected security interest in such mark pursuant
to this Agreement, and (E) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any such material Trademark may become invalidated, other than in each case, any such action in connection
with any Disposition of a Trademark permitted under the Credit Agreement; 
 (iv) Not do any act, or omit to do
any act, whereby any material Patent may become abandoned or dedicated to the public, except to the extent permitted under the Credit Agreement; 
 (v) Promptly notify the Collateral Agent if it knows that any application or registration relating to any material Patent or Trademark 

  
 D-15

 
may become abandoned or dedicated to the public, or of any materially adverse determination or development (including the institution of, or any such determination or development in, any
proceeding in the United States Patent and Trademark Office or any court or tribunal in any country) regarding such Grantor ownership of any material Patent or Trademark or its right to register the same or to keep and maintain the same, except in
connection with a Disposition permitted under the Credit Agreement; 
 (vi) Take all commercially reasonable and
necessary steps, including in any proceeding before the United States Patent and Trademark Office, or any similar office or agency in any other country or any political subdivision thereof, to maintain and pursue each application (and to obtain the
relevant registration) and to maintain each registration of each material Patent and Trademark, including filing of applications for renewal, affidavits of use and affidavits of incontestability, except to the extent such Grantor reasonably
determined to Dispose of such Patent or Trademark; 
 (vii) Promptly notify the Collateral Agent after it learns
that any material Patent or Trademark included in the Collateral is infringed, misappropriated or diluted by a third party and, to the extent determined commercially reasonable by such Grantor, promptly sue for infringement, misappropriation or
dilution, to seek injunctive relief where deemed appropriate in such Grantor’s commercially reasonable judgment, and to recover any and all damages for such infringement, misappropriation or dilution, or to take such other actions as it shall
reasonably deem appropriate under the circumstances to protect such material Patent or Trademark; 
 (viii) For
each Deposit Account (other than Excluded Accounts) that any Grantor at any time opens or maintains, either (i) cause the depositary bank to agree to comply with instructions from the Collateral Agent (or, prior to the Discharge of Senior
Obligations, the Senior Collateral Agent) to such depositary bank directing the disposition of funds from time to time credited to such deposit account, without further consent of such Grantor or any other Person, pursuant to an agreement reasonably
satisfactory to the Collateral Agent, or (ii) arrange for the Collateral Agent (or, prior to the Discharge of Senior Obligations, the Senior Collateral Agent) to become the customer of the depositary bank with respect to such Deposit Account,
with the Grantor being permitted, only with the consent of the Collateral Agent or the Senior Collateral Agent, as applicable, to exercise rights to withdraw funds from such deposit account. The Collateral Agent agrees with each Grantor that the
Collateral Agent shall not give any such instructions or withhold any withdrawal rights from any Grantor unless an Event of Default has occurred and is continuing or, after giving effect to any withdrawal would occur, provided that the
provisions of this paragraph shall not apply to any 

  
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Deposit Account for which any Grantor, the depositary bank and the Collateral Agent have entered into a cash collateral agreement specially negotiated among such Grantor, the depositary bank and
the Collateral Agent for the specific purpose set forth therein; 
 (ix) In the event that any securities,
whether certificated or uncertificated, or other investment property now or hereafter acquired by any Grantor are held by such Grantor or its nominee through a securities intermediary or commodity intermediary (other than any securities held in an
Excluded Account), promptly notify the Collateral Agent thereof and, at the Collateral Agent’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to the Collateral Agent or the Senior Collateral Agent, as
applicable, either (i) cause such securities intermediary or commodity intermediary, as the case may be, to agree to comply with entitlement orders or other instructions from the Collateral Agent (or, prior to the Discharge of Senior
Obligations, the Senior Collateral Agent) to such securities intermediary as to such security entitlements or to apply any value distributed on account of any commodity contract as directed by the Collateral Agent or the Senior Collateral Agent, as
applicable, to such commodity intermediary, as the case may be, in each case without further consent of any Grantor, such nominee, or any other Person, or (ii) in the case of Financial Assets or other Investment Property held through a
securities intermediary, arrange for the Collateral Agent (or, prior to the Discharge of Senior Obligations, the Senior Collateral Agent) to become the entitlement holder with respect to such Investment Property, with the Grantor being permitted,
only with the consent of the Collateral Agent or the Senior Collateral Agent, as applicable, to exercise rights to withdraw or otherwise deal with such Investment Property; the Collateral Agent agrees with each of the Grantors that the Collateral
Agent shall not give any such entitlement orders or instructions or directions to any such issuer, securities intermediary or commodity intermediary, and shall not withhold its consent to the exercise of any withdrawal or dealing rights by any
Grantor, unless an Event of Default has occurred and is continuing, or, after giving effect to any such investment and withdrawal rights, would occur, in each case to the extent required by the Collateral and Guarantee Requirement; and 

(x) Not make any assignment or agreement in conflict with the security interest in the Patents or Trademarks of each
Grantor hereunder (except as permitted by the Credit Agreement). 
 6. Authorization to File Financing Statements. Each
Grantor hereby authorizes the Collateral Agent to prepare and file such financing statements (including continuation statements) or amendments thereof or supplements thereto or other instruments as the Collateral Agent may from time to time deem
necessary or appropriate, and in such jurisdictions as the Collateral Agent may from time to time deem necessary or appropriate, in order to perfect and maintain the security interests granted

  
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hereunder in accordance with the UCC (including authorization to describe the Collateral as “all personal property”, “all assets” or words of similar meaning). 

7. Advances. On failure of any Grantor to perform any of the covenants and agreements contained herein, the Collateral Agent may,
at its sole option and in its sole discretion, perform the same and in so doing may expend such sums as the Collateral Agent may reasonably deem advisable in the performance thereof (including the payment of any insurance premiums, the payment of
any taxes, a payment to obtain a release of a Lien or potential Lien, expenditures made in defending against any adverse claim and all other expenditures which the Collateral Agent may make for the protection of the security hereof or which may be
compelled to make by operation of law). All such sums and amounts so expended shall be repayable by the Grantors on a joint and several basis promptly upon timely notice thereof and demand therefor, shall constitute additional Obligations and shall
bear interest from the date said amounts are expended at the interest rate set forth in Section 2.13(c) of the Credit Agreement. No such performance of any covenant or agreement by the Collateral Agent on behalf of any Grantor, and no
such advance or expenditure therefor, shall relieve the Grantors of any Default or Event of Default. The Collateral Agent may make any payment hereby authorized in accordance with any bill, statement or estimate procured from the appropriate public
office or holder of the claim to be discharged without inquiry into the accuracy of such bill, statement or estimate or into the validity of any tax assessment, sale, forfeiture, tax lien, title or claim except to the extent such payment is being
contested in good faith by a Grantor in appropriate proceedings and against which adequate reserves are being maintained in accordance with GAAP. 
 8. Remedies. 
 (a) General Remedies. Subject to the
terms of the First Lien/Second Lien Intercreditor Agreement, upon the occurrence of an Event of Default and during continuation thereof, the Collateral Agent shall have, in addition to the rights and remedies provided herein, in the Loan Documents,
in any other documents relating to the Obligations, or by law (including levy of attachment, garnishment and the rights and remedies set forth in the UCC of the jurisdiction applicable to the affected Collateral), the rights and remedies of a
secured party under the UCC (regardless of whether the UCC is the law of the jurisdiction where the rights and remedies are asserted and regardless of whether the UCC applies to the affected Collateral), and further, the Collateral Agent may, with
or without judicial process or the aid and assistance of others, in accordance with local laws (i) enter on any premises on which any of the Collateral may be located and, without resistance or interference by the Grantors, take possession of
the Collateral, (ii) dispose of any Collateral on any such premises, (iii) require the Grantors to assemble and make available to the Collateral Agent at the expense of the Grantors any Collateral at any place and time designated by the
Collateral Agent which is reasonably convenient to both parties, (iv) remove any Collateral from any such premises for the purpose of effecting sale or other disposition thereof and/or (v) without demand and without advertisement, notice,
hearing or process of law, all of which each of the Grantors hereby waives to the fullest 

  
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extent permitted by law, at any place and time or times, sell and deliver any or all Collateral held by or for it at public or private sale (which in the case of a private sale of Pledged Equity,
shall be to a restricted group of purchasers who will be obligated to agree, among other things, to acquire such securities for their own account, for investment and not with a view to the distribution or resale thereof), at any exchange or
broker’s board or elsewhere, by one or more contracts, in one or more parcels, for Money, upon credit or otherwise, at such prices and upon such terms as the Collateral Agent deems advisable, in its sole discretion (subject to any and all
mandatory legal requirements). Each Grantor acknowledges that any such private sale may be at prices and on terms less favorable to the seller than the prices and other terms which might have been obtained at a public sale and, notwithstanding the
foregoing, agrees that such private sale shall be deemed to have been made in a commercially reasonable manner and, in the case of a sale of Pledged Equity, that the Collateral Agent shall have no obligation to delay sale of any such securities for
the period of time necessary to permit the issuer of such securities to register such securities for public sale under the Securities Act. Neither the Collateral Agent’s compliance with applicable law nor its disclaimer of warranties relating
to the Collateral shall be considered to adversely affect the commercial reasonableness of any sale. To the extent the rights of notice cannot be legally waived hereunder, each Grantor agrees that any requirement of reasonable notice shall be met if
such notice, specifying the place of any public sale or the time after which any private sale is to be made, is personally served on or mailed, postage prepaid, to the Borrower in accordance with the notice provisions of Section 9.01 of
the Credit Agreement at least 10 days before the time of sale or other event giving rise to the requirement of such notice. The Collateral Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed
therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Each Grantor further acknowledges and agrees that any offer to sell any Pledged Equity which has been (i) publicly advertised on a
bona fide basis in a newspaper or other publication of general circulation in the financial community of New York, New York (to the extent that such offer may be advertised without prior registration under the Securities Act), or (ii) made
privately in the manner described above shall be deemed to involve a “public sale” under the UCC, notwithstanding that such sale may not constitute a “public offering” under the Securities Act, and the Collateral Agent may, in
such event, bid for the purchase of such securities. The Collateral Agent shall not be obligated to make any sale or other disposition of the Collateral regardless of notice having been given. To the extent permitted by applicable law, any holder of
the Obligations may be a purchaser at any such sale. To the extent permitted by applicable law, each of the Grantors hereby waives all of its rights of redemption with respect to any such sale. Subject to the provisions of applicable law, the
Collateral Agent may postpone or cause the postponement of the sale of all or any portion of the Collateral by announcement at the time and place of such sale, and such sale may, without further notice, to the extent permitted by law, be made at the
time and 

  
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place to which the sale was postponed, or the Collateral Agent may further postpone such sale by announcement made at such time and place. 

(b) Remedies Relating to Accounts. Subject to the terms of the First Lien/Second Lien Intercreditor Agreement, upon
the occurrence of an Event of Default and during continuation thereof (but only upon exercise by the Collateral Agent of any or all of its rights and remedies hereunder), (i) each Grantor will promptly upon request of the Collateral Agent
instruct all account debtors to remit all payments in respect of Accounts to a mailing location selected by the Collateral Agent and (ii) the Collateral Agent shall have the right to enforce any Grantor’s rights against its customers and
account debtors, and the Collateral Agent or its designee may notify any Grantor’s customers and account debtors that the Accounts of such Grantor have been assigned to the Collateral Agent or of the Collateral Agent’s security interest
therein, and may (either in its own name or in the name of a Grantor or both) demand, collect (including by way of a lockbox arrangement), receive, take receipt for, sell, sue for, compound, settle, compromise and give acquittance for any and all
amounts due or to become due on any Account, and, in the Collateral Agent’s discretion, file any claim or take any other action or proceeding to protect and realize upon the security interest of the Collateral Agent in the Accounts. Each
Grantor acknowledges and agrees that the Proceeds of its Accounts remitted to or on behalf of the Collateral Agent in accordance with the provisions hereof shall be solely for the Collateral Agent’s own convenience and that such Grantor shall
not have any right, title or interest in such Accounts or in any such other amounts except as expressly provided herein. Neither the Collateral Agent nor any other holder of the Obligations shall have any liability or responsibility to any Grantor
for acceptance of a check, draft or other order for payment of money bearing the legend “payment in full” or words of similar import or any other restrictive legend or endorsement or be responsible for determining the correctness of any
remittance. Furthermore, subject to the terms of the First Lien/Second Lien Intercreditor Agreement, during the continuation of an Event of Default, (i) the Collateral Agent shall have the right, but not the obligation, to make test
verifications of the Accounts in any manner and through any medium that it reasonably considers advisable, and the Grantors shall furnish all such assistance and information as the Collateral Agent may require in connection with such test
verifications and (ii) the Collateral Agent in its own name or in the name of others may communicate with account debtors on the Accounts to verify with them to the Collateral Agent’s satisfaction the existence, amount and terms of any
Accounts. 
 (c) Access. In addition to the rights and remedies hereunder; subject to the terms of the
First Lien/Second Lien Intercreditor Agreement, upon the occurrence of an Event of Default and during the continuance thereof, to the extent permitted by local laws, the Collateral Agent shall have the right to enter and remain upon the various
premises of the Grantors without cost or charge to the Collateral Agent, and use the same, together with materials, supplies, books and records of the Grantors for the purpose of collecting and liquidating the Collateral, or for preparing for sale
and conducting the sale of the Collateral, 

  
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whether by foreclosure, auction or otherwise. In addition, the Collateral Agent may remove Collateral, or any part thereof, from such premises and/or any records, to the extent permitted by local
laws, with respect thereto, in order to effectively collect or liquidate such Collateral. 
 (d) Nonexclusive
Nature of Remedies. Failure by the Collateral Agent or any other holder of the Obligations to exercise any right, remedy or option under this Agreement, any other Loan Document, any other document relating to the Obligations, or as provided by
law, or any delay by the Collateral Agent or any other holder of the Obligations in exercising the same, shall not operate as a waiver of any such right, remedy or option. No waiver hereunder shall be effective unless it is in writing, signed by the
party against whom such waiver is sought to be enforced and then only to the extent specifically stated, which in the case of the Collateral Agent or any other holder of the Obligations shall only be granted as provided herein. To the extent
permitted by law, neither the Collateral Agent, any other holder of the Obligations nor any party acting as attorney for any such Person, shall be liable hereunder for any acts or omissions or for any error of judgment or mistake of fact or law
other than their gross negligence or willful misconduct hereunder. The rights and remedies of the Collateral Agent and the other Secured Parties shall be cumulative and not exclusive of any other right or remedy which any such Person may have.

 (e) Retention of Collateral. In addition to the rights and remedies hereunder, subject to the terms of
the First Lien/Second Lien Intercreditor Agreement, the Collateral Agent may, in compliance with Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain the
Collateral in satisfaction of the Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have retained any Collateral in satisfaction of any Obligations for any
reason. 
 (f) Deficiency. In the event that the proceeds of any sale, collection or realization are
insufficient to pay all amounts to which the Collateral Agent or any other holder of the Obligations is legally entitled, the Grantors shall be jointly and severally liable for the deficiency, together with interest thereon at the rates applicable
under the Credit Agreement, together with the costs of collection and the fees, charges and disbursements of counsel. Any surplus remaining after the full payment and satisfaction of the Obligations shall be returned to the Grantors or to whomsoever
a court of competent jurisdiction shall determine to be entitled thereto. 
 9. Rights of the Collateral Agent.

 (a) Power of Attorney. In addition to other powers of attorney contained herein, subject to the terms
of the First Lien/Second Lien Intercreditor Agreement, each Grantor hereby designates and appoints the Collateral Agent, on behalf of the Secured Parties and each of its designees or agents, as
attorney-in-

  
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fact of such Grantor, irrevocably and with power of substitution, with authority to take any or all of the following actions upon the occurrence and during the continuance of an Event of Default:

 (i) to demand, collect, settle, compromise, adjust, give discharges and releases, all as the Collateral Agent
may reasonably determine; 
 (ii) to commence and prosecute any actions at any court for the purposes of
collecting any Collateral and enforcing any other right in respect thereof; 
 (iii) to defend, settle or
compromise any action brought and, in connection therewith, give such discharge or release as the Collateral Agent may deem reasonably appropriate; 
 (iv) receive and open mail addressed to a Grantor and endorse checks, notes, drafts, acceptances, money orders, bills of lading, warehouse receipts or other instruments or documents evidencing payment,
shipment or storage of the goods giving rise to the Collateral of such Grantor on behalf of and in the name of such Grantor, or securing, or relating to such Collateral; 

(v) sell, assign, transfer, make any agreement in respect of, or otherwise deal with or exercise rights in respect of, any
Collateral or the goods or services which have given rise thereto, as fully and completely as though the Collateral Agent were the absolute owner thereof for all purposes; 

(vi) adjust and settle claims under any insurance policy relating to the Collateral; 

(vii) execute and deliver all assignments, conveyances, statements, financing statements, renewal financing statements,
security agreements, affidavits, notices and other agreements, instruments and documents that the Collateral Agent may determine necessary in order to perfect and maintain the security interests and liens granted in this Agreement and to assure,
convey, grant, assign, transfer, preserve, protect and confirm more effectively unto the Collateral Agent the rights granted or now or hereafter intended to be granted to the Collateral Agent under this Agreement; 

(viii) institute any foreclosure proceedings that the Collateral Agent may deem appropriate; 

(ix) to sign and endorse any drafts, assignments, proxies, stock powers, verifications, notices and other documents
relating to the Collateral; 

  
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 (x) to exchange any of the Pledged Equity or other property upon any merger,
consolidation, reorganization, recapitalization or other readjustment of the issuer thereof and, in connection therewith, deposit any of the Pledged Equity with any committee, depository, transfer agent, registrar or other designated agency upon
such terms as the Collateral Agent may reasonably deem appropriate; 
 (xi) to vote for a shareholder resolution,
or to sign an instrument in writing, sanctioning the transfer of any or all of the Pledged Equity into the name of the Collateral Agent or one or more of the Secured Parties, or into the name of any transferee to whom the Pledged Equity or any part
thereof may be sold pursuant to Section 8 hereof; 
 (xii) to pay or discharge taxes, liens, security
interests or other encumbrances levied or placed on or threatened against the Collateral: 
 (xiii) to direct any
parties liable for any payment in connection with any of the Collateral to make payment of any and all monies clue and to become due thereunder directly to the Collateral Agent or as the Collateral Agent shall direct; 

(xiv) to receive payment of and receipt for any and all monies, claims, and other amounts due and to become due at any
time in respect of or arising out of any Collateral; and 
 (xv) do and perform all such other acts and things as
the Collateral Agent may reasonably deem to be necessary, proper or convenient in connection with the Collateral. 
 This power of attorney is a
power coupled with an interest and shall be irrevocable until such time as the Obligations arising under the Loan Documents have been paid in full and the Commitments have expired or been terminated. The Collateral Agent shall be under no duty to
exercise or withhold the exercise of any of the rights, powers, privileges and options expressly or implicitly granted to the Collateral Agent in this Agreement, and shall not be liable for any failure to do so or any delay in doing so. The
Collateral Agent shall not be liable for any act or omission or for any error of judgment or any mistake of fact or law in its individual capacity or its capacity as attorney-in-fact except acts or omissions resulting from its gross negligence or
willful misconduct. Notwithstanding anything to the contrary contained herein, this power of attorney is conferred on the Collateral Agent solely to protect, preserve and realize upon its security interest in the Collateral. 

(b) Assignment by the Collateral Agent. The Collateral Agent may from time to time be replaced by a successor
Collateral Agent appointed in accordance with the Credit Agreement, and such successor shall be entitled to all of the rights and remedies of the Collateral Agent under this Agreement. 

  
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 (c) Liability with Respect to Accounts. Anything herein to the
contrary notwithstanding, each of the Grantors shall remain liable under each of the Accounts to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement
giving rise to each such Account. Neither the Collateral Agent nor any other holder of the Obligations shall have any obligation or liability under any Account (or any agreement giving rise thereto) by reason of or arising out of this Agreement or
the receipt by any such Person of any payment relating to such Account pursuant hereto, nor shall any such Person be obligated in any manner to perform any of the obligations of a Grantor under or pursuant to any Account (or any agreement giving
rise thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party under any Account (or any agreement giving rise thereto), to present
or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times. 

(d) Voting and Payment Rights in Respect of the Pledged Equity. 

(i) So long as no Event of Default shall exist, each Grantor may (A) exercise any and all voting and other consensual
rights pertaining to the Pledged Equity of such Grantor or any part thereof for any purpose not inconsistent with the terms of this Agreement or the Credit Agreement and (B) receive and retain any and all dividends (other than stock dividends
and other dividends constituting Collateral which are addressed hereinabove), principal or interest paid in respect of the Pledged Equity to the extent they are allowed under the Credit Agreement; and 

(ii) During the continuance of an Event of Default, (A) all rights of a Grantor to exercise the voting and other
consensual rights which it would otherwise be entitled to exercise pursuant to clause (i)(A) above shall cease and all such rights shall thereupon become vested in (1) prior to the Discharge of Senior Obligations, the Senior Collateral Agent,
and (2) thereafter, the Collateral Agent, which shall then have the sole right to exercise such voting and other consensual rights, (B) all rights of a Grantor to receive the dividends, principal and interest payments which it would
otherwise be authorized to receive and retain pursuant to clause (i)(B) above shall cease and all such rights shall thereupon be vested in (1) prior to the Discharge of Senior Obligations, the Senior Collateral Agent, and (2) thereafter,
the Collateral Agent, which shall then have the sole right to receive and hold as Collateral such dividends, principal and interest payments, and (C) all dividends, principal and interest payments which are received by a Grantor contrary to the
provisions of clause (ii)(B) above shall be received in trust for the benefit of (1) prior to the Discharge of Senior Obligations, the Senior Collateral Agent, and (2) thereafter, the Collateral Agent, shall be segregated from other
property or funds of such Grantor, and shall be forthwith paid over to the Collateral Agent or the 

  
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Senior Collateral Agent, as applicable, as Collateral in the exact form received, to be held by the Collateral Agent or the Senior Collateral Agent, as applicable, as Collateral and as further
collateral security for the Obligations. 
 (e) Releases of Collateral. If any Collateral shall be sold,
transferred or otherwise disposed of by any Grantor in a transaction permitted by the Credit Agreement, then the Collateral Agent, at the request and sole expense of such Grantor, shall promptly execute and deliver to such Grantor all releases and
other documents, and take such other action, reasonably necessary for the release of the Liens created hereby or by any other Security Document on such Collateral. 
 10. Application of Proceeds. Subject to the terms of the First Lien/Second Lien Intercreditor Agreement, the Collateral Agent shall apply the proceeds of any collection or sale of Collateral,
including any Collateral consisting of cash, as follows: 
 FIRST, to the payment of all costs and expenses
incurred by the Collateral Agent in connection with such collection or sale or otherwise in connection with this Agreement, any other Loan Document or any of the Obligations, including all court costs and the fees and expenses of its agents and
legal counsel, the repayment of all advances made by the Collateral Agent hereunder or under any other Loan Document on behalf of any Grantor and any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder
or under any other Loan Document; 
 SECOND to the payment in full of the Obligations (the amounts so applied to
be distributed among the Secured Parties pro rata in accordance with the amounts of the Obligations of such Loan Party owed to them on the date of any such distribution); and 

THIRD, to the Grantors, their successors or assigns, or as a court of competent jurisdiction may otherwise direct.

 The Collateral Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in
accordance with this Agreement. Upon any sale of Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the Collateral Agent or of the officer making the sale
shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Collateral Agent or such
officer or be answerable in any way for the misapplication thereof. 
 11. Continuing Agreement. 

(a) This Agreement shall remain in full force and effect until such time as the Obligations have been paid in full and the
Commitments have expired or been terminated, at which time this Agreement shall be automatically 

  
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terminated and the Collateral Agent shall, upon the request and at the expense of the Grantors, forthwith release all of its liens and security interests hereunder and shall authorize the filing
of and/or execute and deliver all UCC termination statements and/or other documents reasonably requested by the Grantors evidencing such termination. 
 (b) This Agreement shall continue to be effective or be automatically reinstated, as the case may be, if at any time payment, in whole or in part, of any of the Obligations is rescinded or must otherwise
be restored or returned by the Collateral Agent or any other holder of the Obligations as a preference, fraudulent conveyance or otherwise under any Debtor Relief law, all as though such payment had not been made; provided that in the event
payment of all or any part of the Obligations is rescinded or must be restored or returned, all reasonable costs and expenses (including any reasonable legal fees and disbursements) incurred by the Collateral Agent or any other holder of the
Obligations in defending and enforcing such reinstatement shall be deemed to be included as a part of the Obligations. 
 12.
Amendments; Waivers: Modifications, etc. This Agreement and the provisions hereof may not be amended, waived, modified, changed, discharged or terminated except as set forth in Section 9.02(b) of the Credit Agreement;
provided that any update or revision to Schedule 2(c) hereof delivered by any Grantor shall not constitute an amendment for purposes of this Section 12 or Section 9.02(b) of the Credit Agreement. 

13. Indemnity and Subrogation. (a) Indemnity. In addition to all such rights of indemnity and subrogation as the
Guarantors may have under applicable law (but subject to Section 13(c)), Holdings and the Borrower agree, jointly and severally, that (i) in the event a payment in respect of any Obligation shall be made by any Guarantor under this
Agreement, Holdings and the Borrower shall indemnify such Guarantor for the full amount of such payment and such Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment and
(ii) in the event any assets of any Grantor shall be sold pursuant to this Agreement or any other Security Document to satisfy in whole or in part any Obligation, Holdings and the Borrower shall indemnify such Grantor in an amount equal to the
greater of the book value or the fair market value of the assets so sold. 
 (b) Contribution and
Subrogation. Each Loan Party (a “Contributing Party”) agrees (subject to Section 13(c)) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation or assets of any other
Grantor (other than Holdings or the Borrower) shall be sold pursuant to any Security Document to satisfy any Obligation and such other Guarantor or Grantor (the “Claiming Party”) shall not have been fully indemnified by the Borrower
or Holdings as provided in Section 13(a), the Contributing Party shall indemnify the Claiming Party in an amount equal to the amount of such payment or the greater of the book value or the fair market value of such assets (the
“Indemnified Amount”), as the case may be, in each case multiplied by a fraction 

  
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of which the numerator shall be the net worth of the Contributing Party on the date hereof and the denominator shall be the aggregate net worth of all the Guarantors and Grantors on the date
hereof (or, in the case of any Guarantor or Grantor becoming a party hereto pursuant to Section 22, the date of the supplement hereto executed and delivered by such Guarantor or Grantor). Any Contributing Party making any payment to a
Claiming Party pursuant to this Section 13(b) shall (subject to Section 13(c)) be subrogated to the rights of such Claiming Party to the extent of such payment. 

(c) Subordination. (i) Notwithstanding any provision of this Agreement to the contrary, all rights of the
Guarantors and Grantors under this Section 13 and all other rights of the Guarantors and Grantors of indemnity, contribution or subrogation under applicable law or otherwise shall be fully subordinated to the indefeasible payment in full
in cash of the Obligations. No failure on the part of the Borrower or any other Guarantor or Grantor to make the payments required by this Section 13 (or any other payments required under applicable law or otherwise) shall in any respect
limit the obligations and liabilities of any Guarantor or Grantor with respect to its obligations hereunder, and each Guarantor and Grantor shall remain liable for the full amount of the obligations of such Guarantor or Grantor hereunder.

 (ii) Each Guarantor and Grantor hereby agrees that all Indebtedness and other monetary obligations owed by it
to, or to it by, any other Guarantor, Grantor or any other Subsidiary shall be fully subordinated to the indefeasible payment in full in cash of the Obligations. 
 14. Successors in Interest. This Agreement shall be binding upon each Grantor, its successors and assigns and shall inure, together with the rights and remedies of the Collateral Agent and the
other Secured Parties hereunder, to the benefit of the Collateral Agent or any other holder of the Obligations and their successors and permitted assigns. 
 15. Notices. All notices required or permitted to be given under this Agreement shall be in conformance with Section 9.01(a) of the Credit Agreement. 

16. Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall
be an original, but all of which shall constitute one and the same instrument. It shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart. Delivery of executed counterparts of this Agreement
by facsimile or other electronic means shall be effective as an original. 
 17. Headings. The headings of the sections
hereof are provided for convenience only and shall not in any way affect the meaning or construction of any provision of this Agreement. 

  
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 18. Governing Law; Submission to Jurisdiction; Venue; WAIVER OF JURY TRIAL. The terms
of Sections 9.09 and 9.10 of the Credit Agreement with respect to governing law, submission to jurisdiction, venue and waiver of jury trial are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to
such terms. 
 19. Severability. If any provision of this Agreement is determined to be illegal, invalid or
unenforceable, such provision shall be fully severable and the remaining provisions shall remain in full force and effect and shall be construed without giving effect to the illegal, invalid or unenforceable provisions. 

20. Entirety. This Agreement, the other Loan Documents and the other documents relating to the Obligations represent the entire
agreement of the parties hereto and thereto, and supersede all prior agreements and understandings, oral or written, if any, including any commitment letters or correspondence relating to the Loan Documents, any other documents relating to the
Obligations, or the transactions contemplated herein and therein. 
 21. Other Security. To the extent that any of the
Obligations are now or hereafter secured by property other than the Collateral (including real property and securities owned by a Grantor), or by a guarantee, endorsement or property of any other Person, then, subject to the terms of the First
Lien/Second Lien Intercreditor Agreement, the Collateral Agent shall have the right to proceed against such other property, guarantee or endorsement upon the occurrence of any Event of Default, and the Collateral Agent shall have the right, in its
sole discretion, to determine which rights, security, liens, security interests or remedies the Collateral Agent shall at any time pursue, relinquish, subordinate, modify or take with respect thereto, without in any way modifying or affecting any of
them or the Obligations or any of the rights of the Collateral Agent or any other holder of the Obligations under this Agreement, under any other of the Loan Documents or under any other document relating to the Obligations. 

22. Additional Subsidiaries. Pursuant to the Credit Agreement, certain Subsidiaries not a party hereto on the Closing Date are
required to enter in this Agreement as a Subsidiary Loan Party upon becoming such a Subsidiary. Upon execution and delivery by the Collateral Agent and any such Subsidiary of an instrument in the form of Exhibit 22 hereto, such Subsidiary
shall become a Subsidiary Loan Party, a Guarantor and a Grantor hereunder, with the same force and effect as if originally named such herein. The execution and delivery of any such instrument shall not require the consent of any other Loan Party.
The rights and obligations of each Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Loan Party as a party to this Agreement. 

23. Rights of Required Lenders. All rights of the Collateral Agent hereunder, if not exercised by the Collateral Agent, may be
exercised by the Required Lenders. 
 24. First Lien/Second Lien Intercreditor Agreement. Notwithstanding anything in
this Agreement to the contrary, the Lien and security interest granted to the Collateral Agent pursuant to this Agreement with respect to the Collateral shall be second 

  
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in priority to the Lien and security interest granted to the Senior Collateral Agent or any other Senior Representative on behalf of the Senior Secured Parties. The exercise of any right or
remedy by the Collateral Agent or any other Secured Party hereunder are subject to the provisions of the First Lien/Second Lien Intercreditor Agreement. In the event of any conflict or inconsistency between the terms of the First Lien/Second Lien
Intercreditor Agreement and this Agreement, the terms of the First Lien/Second Lien Intercreditor Agreement shall govern and control. In addition, to the extent any obligation of any Grantor hereunder, including any obligation to grant sole
possession or control or deliver or assign property or funds to the Collateral Agent or any other Person (or register any property in the name of the Collateral Agent or any other Person) conflicts or is inconsistent with (or any representation or
warranty hereunder would, if required to be true, conflict or be inconsistent with) the obligations or requirements under a substantially similar provision of any Senior Collateral Document, such obligations or requirements under the Senior
Collateral Document shall control, and such Grantor shall not be required to fulfill such obligations (or make such representations and warranties) hereunder, and shall be deemed not to be in violation of this Agreement as a result of its
performance of the obligations or requirements of such Senior Collateral Document. For the avoidance of doubt, the absence of any specific reference to Section 24 in any other provision of this Agreement shall not be deemed to limit the
generality of this Section 24. 
 [Signature Pages, Schedules and Exhibits to Follow] 

  
 D-29

 Each of the parties hereto has caused a counterpart of this Agreement to be duly executed
and delivered as of the date first above written. 
  

					
	GRANTORS:	  	TRINET HR CORPORATION,
			
		  	By:	 	  

		  	Name:	 	
		  	Title:	 	
		
		  	TRINET GROUP, INC.
			
		  	By:	 	  

		  	Name:	 	
		  	Title:	 	
		
		  	TRINET HR V, INC.
			
		  	By:	 	  

		  	Name:	 	
		  	Title:	 	
		
		  	ACCORD HUMAN RESOURCES 12, INC.
			
		  	By:	 	  

		  	Name:	 	
		  	Title:	 	
		
		  	ACCORD HUMAN RESOURCES, INC.
			
		  	By:	 	  

		  	Name:	 	
		  	Title:	 	
		
		  	210 PARK AVENUE HOLDING, INC.
			
		  	By:	 	  

		  	Name:	 	
		  	Title:	 	

  
 D-30

					
		  	STRATEGIC OUTSOURCING, INC.
			
		  	By:	 	  

		  	Name:	 	
		  	Title:	 	
		
		  	SOI HOLDINGS, INC.
			
		  	By:	 	  

		  	Name:	 	
		  	Title:	 	
		
		  	AMBROSE EMPLOYER GROUP, LLC
			
		  	By:	 	  

		  	Name:	 	
		  	Title:	 	

  
 D-31

 SCHEDULE 2(c) 
 COMMERCIAL TORT CLAIMS 
 None 

 EXHIBIT 5(a)(ii) 

IRREVOCABLE STOCK POWER 
 FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers to the following Equity Interests of
                    , a
                    corporation: 
  

			
	                No. of Shares	 	Certificate No.                

and irrevocably appoints
                            its agent and attorney-in-fact to transfer all or any part of such Equity
Interests and to take all necessary and appropriate action to effect any such transfer. The agent and attorney-in-fact may substitute and appoint one or more persons to act for him. The effectiveness of a transfer pursuant to this stock power shall
be subject to any and all transfer restrictions referenced on the face of the certificates evidencing such interest or in the certificate of incorporation or bylaws of the subject corporation, to the extent they may from time to time exist.

  

			
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 EXHIBIT 5(b)(i) 

NOTICE 
 OF

 GRANT OF SECURITY INTEREST 
 IN 
 PATENTS 
 United States Patent and Trademark Office 
 Ladies and Gentlemen: 

Please be advised that pursuant to the Second Lien Guarantee and Collateral Agreement dated as of August 20, 2013 (as the same may be
amended, modified, extended or restated from time to time, the “Agreement”), by and among the Grantors party thereto (each a “Grantor” and collectively, the “Grantors”) and WILMINGTON TRUST,
NATIONAL ASSOCIATION, as collateral agent (the “Collateral Agent”) for the Secured Parties referenced therein, the undersigned Grantor has granted a continuing security interest in and continuing lien upon the patents and patent
applications shown below to the Collateral Agent, for the ratable benefit of the Secured Parties: 
  

					
		 	PATENTS	 	
			
	Patent No.	 	Description of
Patent Item	 	Date of Patent
			
		 	See Schedule 1 attached hereto	 	
			
		 	PATENT APPLICATIONS	 	
			
	Patent Applications No.	 	Description of
Patent Applied for	 	Date of
Patent Applications
			
		 	See Schedule 1 attached hereto	 	

 The undersigned Grantor and the Collateral Agent, on behalf of the Secured Parties, hereby
acknowledge and agree that the security interest in the foregoing patents and patent applications (i) may only be terminated in accordance with the terms of the Agreement and (ii) is not to be construed as an assignment of any patent or
patent application. 
  

			
	Very truly yours,
	  

	[Grantor]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Acknowledged and Accepted: 
 WILMINGTON TRUST, NATIONAL ASSOCIATION, 
 as Collateral Agent 

 

			
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 2 

 EXHIBIT 5(b)(ii) 

NOTICE 
 OF

 GRANT OF SECURITY INTEREST 
 IN 
 TRADEMARKS 
 United States Patent and Trademark Office 
 Ladies and Gentlemen: 

Please be advised that pursuant to the Second Lien Guarantee and Collateral Agreement dated as of August 20, 2013 (as the same may be
amended, modified, extended or restated from time to time, the “Agreement”), by and among the Grantors party thereto (each a “Grantor” and collectively, the “Grantors”) and WILMINGTON TRUST,
NATIONAL ASSOCIATION, as collateral agent (the “Collateral Agent”) for the Secured Parties referenced therein, the undersigned Grantor has granted a continuing security interest in and continuing lien upon the trademarks and
trademark applications shown below to the Collateral Agent, for the ratable benefit of the Secured Parties: 
  

					
		 	TRADEMARKS	 	
			
	Trademark No.	 	Description of
Trademark Item	 	Date of Trademark
			
		 	See Schedule 1 attached hereto	 	
			
		 	TRADEMARK APPLICATIONS	 	
			
	Trademark Applications No.	 	Description of
Trademark Applied for	 	Date of
Trademark Applications
			
		 	 See Schedule 1 attached hereto
	 	

 The undersigned Grantor and the Collateral Agent, on behalf of the Secured Parties, hereby
acknowledge and agree that the security interest in the foregoing trademarks and trademark applications (i) may only be terminated in accordance with the terms of the Agreement and (ii) is not to be construed as an assignment of any
trademark or trademark application. 
  

			
	Very truly yours,
	  

	[Grantor]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Acknowledged and Accepted: 
 WILMINGTON TRUST, NATIONAL ASSOCIATION, 
 as Collateral Agent 

 

			
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 2 

 EXHIBIT 5(b)(iii) 

NOTICE 
 OF

 GRANT OF SECURITY INTEREST 
 IN 
 COPYRIGHTS 
 United States Copyright Office 
 Ladies and Gentlemen: 

Please be advised that pursuant to the Second Lien Guarantee and Collateral Agreement dated as of August 20, 2013 (as the same may be
amended, modified, extended or restated from time to time, the “Agreement”), by and among the Grantors party thereto (each a “Grantor” and collectively, the “Grantors”) and WILMINGTON TRUST,
NATIONAL ASSOCIATION, as collateral agent (the “Collateral Agent”) for the Secured Parties referenced therein, the undersigned Grantor has granted a continuing security interest in and continuing lien upon the copyrights and
copyright applications shown below to the Collateral Agent, for the ratable benefit of the Secured Parties: 
  

					
		 	COPYRIGHTS	 	
			
	Copyright No.	 	Description of
Copyright Item	 	Date of Copyright
			
		 	See Schedule 1 attached hereto	 	
			
		 	COPYRIGHT APPLICATIONS	 	
			
	Copyright Applications No.	 	Description of
Copyright Applied for	 	Date of
Copyright Applications
			
		 	See Schedule 1 attached hereto	 	

 The undersigned Grantors and the Collateral Agent, on behalf of the Secured Parties, hereby acknowledge and
agree that the security interest in the foregoing copyrights and copyright applications (i) may only be terminated in accordance with the terms of the Agreement and (ii) is not to be construed as an assignment of any copyright or copyright
application. 
  

			
	Very truly yours,
	  

	[Grantor]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Acknowledged and Accepted: 
 WILMINGTON TRUST, NATIONAL ASSOCIATION, 
 as Collateral Agent 

 

			
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 2 

 Exhibit 22 
 Supplement to the 
 Second Lien 

Guarantee and 

Collateral Agreement 
 SUPPLEMENT NO.     dated as of [    ] (this “Supplement”), to the Second Lien Guarantee and Collateral Agreement dated as of August 20, 2013
(the “Collateral Agreement”), among TriNet Group, Inc. (“Holdings”), TriNet HR Corporation (the “Borrower”), each subsidiary of the Borrower listed on Schedule I thereto (each such subsidiary
individually a “Subsidiary Guarantor” and, collectively, the “Subsidiary Guarantors”; the Subsidiary Guarantors, Holdings and the Borrower are referred to collectively herein as the “Grantors”) and
WILMINGTON TRUST, NATIONAL ASSOCIATION (“WT”), as Collateral Agent (in such capacity, the “Collateral Agent”). 
 A. Reference is made to the Second Lien Credit Agreement dated as of August 20, 2013 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among
the Borrower, Holdings, the lenders from time to time party thereto and WT, as Collateral Agent. 
 B. Capitalized terms used
herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement and the Collateral Agreement. 
 C. The Grantors have entered into the Collateral Agreement in order to induce the Lenders to make Loans. Section 22 of the Collateral Agreement provides that additional Subsidiaries of the
Borrower may become Subsidiary Loan Parties under the Collateral Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Subsidiary”) is executing this Supplement in
accordance with the requirements of the Credit Agreement to become a Subsidiary Loan Party under the Collateral Agreement in order to induce the Lenders to make additional Loans and as consideration for Loans previously made. 

Accordingly, the Collateral Agent and the New Subsidiary agree as follows: 

SECTION 1. In accordance with Section 22 of the Collateral Agreement, the New Subsidiary by its signature below becomes a
Subsidiary Loan Party, Grantor and Guarantor under the Collateral Agreement with the same force and effect as if originally named therein as a Subsidiary Loan Party, Grantor and Guarantor and the New Subsidiary hereby (a) agrees to all the
terms and provisions of the Collateral Agreement applicable to it as a Subsidiary Loan Party, Grantor and Guarantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Grantor and Guarantor
thereunder are true and correct on and as of the date hereof. In furtherance of the foregoing, the New Subsidiary, as security for the payment and 

 
performance in full of the Obligations (as defined in the Collateral Agreement), does hereby create and grant to the Collateral Agent, its successors and assigns, for the benefit of the Secured
Parties, their successors and assigns, a security interest in and lien on all of the New Subsidiary’s right, title and interest in and to the Collateral (as defined in the Collateral Agreement) of the New Subsidiary. Each reference to a
“Guarantor” or “Grantor” in the Collateral Agreement shall be deemed to include the New Subsidiary. The Collateral Agreement is hereby incorporated herein by reference. 

SECTION 2. The New Subsidiary represents and warrants to the Collateral Agent and the other Secured Parties that this Supplement has been
duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. 
 SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together
shall constitute a single contract. This Supplement shall become effective when the Collateral Agent shall have received a counterpart of this Supplement that bears the signature of the New Subsidiary and the Collateral Agent has executed a
counterpart hereof. Delivery of an executed signature page to this Supplement by facsimile or other electronic transmission shall be as effective as delivery of a manually signed counterpart of this Supplement. 

SECTION 4. The New Subsidiary hereby represents and warrants that (a) set forth on Schedule I attached hereto is a schedule
with the true and correct legal name of the New Subsidiary, its jurisdiction of formation and the location of its chief executive office, (b) set forth on Schedule II attached hereto is a true and correct schedule of all the Pledged
Securities of the New Subsidiary and (c) set forth on Schedule III attached hereto is a true and correct schedule of Intellectual Property consisting of Copyrights, Patents and Trademarks of the New Subsidiary. 

SECTION 5. Except as expressly supplemented hereby, the Collateral Agreement shall remain in full force and effect. 

SECTION 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 SECTION 7. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Collateral Agreement shall not in any way be affected or impaired thereby (it being understood that the invalidity of a
particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or
unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

  
 2 

 SECTION 8. All communications and notices hereunder shall be in writing and given as
provided in Section 15 of the Collateral Agreement. 
 SECTION 9. The New Subsidiary agrees to reimburse the
Collateral Agent for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Collateral Agent. 

IN WITNESS WHEREOF, the New Subsidiary and the Collateral Agent have duly executed this Supplement to the Collateral Agreement as of the
day and year first above written. 
  

			
	[NAME OF NEW SUBSIDIARY],
		
	    by	 	
		
		 	  

		 	Name:
		 	Title:
		
		 	Legal Name:
		 	Jurisdiction of Formation:
		 	Location of Chief Executive office:
		 	
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,
 as Collateral Agent

		
	    by	 	
		
		 	  

		 	Name:
		 	Title:

  
 3 

 Schedule I 
 to Supplement No.     to the 
 Second Lien 

Guarantee and 

Collateral Agreement 
 NEW SUBSIDIARY INFORMATION 
  

					
	 Name
	  	Jurisdiction of Formation	  	Chief Executive Office

 Schedule II 
 to Supplement No.     to the 
 Second Lien 

Guarantee and 

Collateral Agreement 
 PLEDGED SECURITIES 
 Pledged Equity Interests 

 

									
	 Issuer
	  	Number of
Certificate	  	Registered
Owner	  	Number and
Class of
Equity Interests	  	Percentage
of Equity Interests

Pledged Debt Securities 
  

							
	 Issuer
	  	Principal
Amount	  	Date of Note	  	Maturity Date

 Schedule III 
 to Supplement No.     to the 
 Second Lien 

Guarantee and 

Collateral Agreement 
 INTELLECTUAL PROPERTY 

  
 1 

 EXHIBIT E 
 [FORM OF] COMPLIANCE CERTIFICATE 
 [The form of this Compliance Certificate has been
prepared for convenience only, and is not to affect, or to be taken into consideration in interpreting, the terms of the Credit Agreement referred to below. The obligations of the Borrower under the Credit Agreement are as set forth in the Credit
Agreement, and nothing in this Compliance Certificate, or the form hereof, shall modify such obligations or constitute a waiver of compliance therewith in accordance with the terms of the Credit Agreement. In the event of any conflict between the
terms of this Compliance Certificate and the terms of the Credit Agreement, the terms of the Credit Agreement shall govern and control, and the terms of this Compliance Certificate are to be modified accordingly.] 

Reference is made to the Second Lien Credit Agreement dated as of August 20, 2013 (as amended, supplemented or otherwise modified as
of the date hereof, the “Credit Agreement”) among TriNet Group, Inc. (“Holdings”), TriNet HR Corporation (the “Borrower”), the Lenders from time to time party thereto and Wilmington Trust, National
Association, as Administrative Agent. Each capitalized term used but not defined herein shall have the meaning specified in the Credit Agreement. 
 The undersigned hereby certifies, in his or her capacity as a Financial Officer of Holdings and not in a personal capacity, as follows: 

1. I am a Financial Officer of Holdings. 
 2. [Attached as Schedule I hereto are [(a)] the audited consolidated balance sheet and audited consolidated statements of income and cash flows required to be delivered by Section 5.01(a) of the
Credit Agreement as of the end of and for the fiscal year ended [ ] setting forth in comparative form the figures for the previous fiscal year, all reported on by Ernst & Young LLP1, and related narrative report containing management’s discussion and analysis of the financial position and
financial performance for such fiscal year [and (b) reasonably detailed calculations ([(i) of Excess Cash Flow for such fiscal year]2 [and (ii) of GAAP Working Capital as of the ECF Sweep Repayment Date for the most recently completed fiscal year
(calculated prior to giving effect to any prepayment of Term Loans on such date)]3].] 
 [or] 

 

	1 	An independent registered public accounting firm of recognized national standing may be substituted for Ernst & Young LLP in accordance with
Section 5.01(a) of the Credit Agreement. 

	2 	Include if this Compliance Certificate is being delivered with respect to financial statements delivered pursuant to Section 5.01(a), beginning with the financial
statements for the fiscal year of Holdings ending December 31, 2014. 

	3 	Include when an ECF Shortfall Amount exists. 

  
 E-1

 2. [Attached as Schedule I hereto are the unaudited consolidated balance sheet and unaudited
consolidated statements of income and cash flows required to be delivered by Section 5.01(b) of the Credit Agreement as of the end of and for the fiscal quarter ended [ ] and the then elapsed portion of such 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, and related narrative report containing management’s discussion and analysis of
the financial position and financial performance for such fiscal quarter. The financial statements referred to in this Section 2 present fairly in all material respects the financial condition, results of operations and cash flows of Holdings,
the Borrower and the Subsidiaries on a consolidated basis as of the end of and for such fiscal quarter and such portion of the fiscal year in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of
certain footnotes.] 
 3. [Attached as Schedule II hereto is a completed Supplemental Perfection Certificate, setting forth the
information required pursuant to the Supplemental Perfection Certificate and indicating any changes in such information from [the most recently delivered Supplemental Perfection Certificate] / [the Perfection Certificate delivered on the Effective
Date)].] 
 [or] 
 3. [I hereby certify that there has been no change in any information set forth in [the most recently delivered Supplemental Perfection Certificate] / [the Perfection Certificate delivered on the
Effective Date].] 
 4. I have reviewed the terms of the Credit Agreement and I have made, or have caused to be made under my
supervision, a review in reasonable detail of the transactions and condition of Holdings, the Borrower and the Subsidiaries during the accounting period covered by the attached financial statements. The foregoing examination did not disclose, and I
have no knowledge of (a) the existence of any condition or event that constitutes a Default or an Event of Default during or at the end of the accounting period covered by the attached financial statements or as of the date of this Certificate,
except as set forth in a separate attachment, if any, to this Certificate, specifying the details thereof and the action that the Borrower has taken or proposes to take with respect thereto or (b) any change in GAAP or in the application
thereof since the date of the consolidated balance sheet [most recently delivered pursuant to Section 5.01(a) or 5.01(b) of the Credit Agreement] / [referred to in Section 3.04 of the Credit Agreement][, except as set forth in a separate
attachment to this Certificate]. 
 5. Attached as Schedule [II][III] hereto is the name of each Subsidiary, if any, that
(i) is an Excluded Subsidiary as of the date of this Certificate but has not been identified as an Excluded Subsidiary in Schedule 3.14 to the Disclosure Letter or in any prior Compliance Certificate or (ii) has previously been
identified as an Excluded Subsidiary but has ceased to be an Excluded Subsidiary. 
 6. [Attached as Schedule [III][IV] hereto
are the amounts of any Available ECF Amount and any Qualifying Equity Proceeds utilized for Specified 

  
 E-2

 
Uses during the most recent fiscal quarter included in the attached financial statements, specifying each such use and the amount
thereof.]4 

7. The information set forth on Annex A hereto is true and accurate on and as of the date of this Certificate. 

8. The foregoing certifications are made and delivered on [ ], pursuant to Section 5.01(c) of the Credit Agreement. 

[Remainder of page intentionally left blank] 

 

			
	 Very truly yours,

 
 TRINET GROUP, INC.

		
	By:	 	  

		 	Name:
		 	Title:

  

	4 	Include if this Compliance Certificate is being delivered with respect to financial statements delivered pursuant to Section 5.01(a). 

  
 E-3

 FOR THE FISCAL [QUARTER] [YEAR] ENDED [mm/dd/yy]. 

 

					
	ARTICLE I	  	Consolidated Net Income = (a) – ((b) + (c) + (d)) =	  	$[    ,    ,    ]
			
		  	 (a)     the net income or loss of Holdings, the Borrower and the consolidated Subsidiaries determined on
a consolidated basis in accordance with GAAP for the period referred to above:
	  	$[    ,    ,    ]
			
		  	 (b)     the income of any Person (other than Holdings and the Borrower) that is not a consolidated
Subsidiary, except to the extent of the amount of cash dividends or other cash distributions actually paid by such Person to Holdings, the Borrower or, subject to clauses (c) and (d) below, any consolidated Subsidiary, during such
period:
	  	$[    ,    ,    ]
			
		  	 (c)     the income of, and any amounts referred to in clause (b) above paid to, any Subsidiary to the
extent that, on the date of determination, the declaration or payment of cash dividends or other cash distributions by such Subsidiary of that income is not at the time permitted by a Requirement of Law or any agreement or instrument applicable to
such Subsidiary, unless such restrictions with respect to the payment of cash dividends and other similar cash distributions have been legally and effectively waived for such period:
	  	$[    ,    ,    ]

			
		  	 (d)     the income or loss of, and any amounts referred to in clause (b) of this proviso paid to, any
consolidated Subsidiary that is not wholly-owned by Holdings to the extent such income or loss or such amounts are attributable to the noncontrolling interest in such consolidated Subsidiary for such period:
	  	$[    ,    ,    ]
			
	ARTICLE II	  	Excess Cash Flow23 = (a) – (b) =24	  	$[    ,    ,    ]

  

	23 	Include if this Compliance Certificate is being delivered with respect to financial statements delivered pursuant to Section 5.01(a), beginning with the financial
statements for the fiscal year of Holdings ending December 31, 2014. 

	24 	 Amounts expended in connection with (i) acquiring Term Loans under Section 2.24 of the Credit Agreement and (ii) assignments of Term
Loans pursuant to Section 9.04(e) or (f) of the Credit Agreement shall not reduce or be credited against Excess Cash Flow. 

  
 E-4

					
			
	(a)	  	the sum, without duplication, of:	  	$[    ,    ,    ]
			
		  	 (i)      the consolidated net income or loss of Holdings, the Borrower and the consolidated
Subsidiaries for the fiscal year referred to above, adjusted to exclude (x) net income or loss of any consolidated Subsidiary that is not wholly-owned by Holdings to the extent such income or loss is attributable to the non-controlling interest in
such consolidated Subsidiary and (y) any gains or losses attributable to Prepayment Events:
	  	$[    ,    ,    ]
			
		  	 (ii)     depreciation, amortization and other non-cash charges, expenses or losses, including the
non-cash portion of interest expense, deducted in determining such consolidated net income or loss for such fiscal year:
	  	$[    ,    ,    ]
			
		  	 (iii)   the sum of (x) the amount, if any, by which Net Working Capital decreased during such fiscal year
(except as a result of the reclassification of items from short-term to long-term or vice-versa), (y) the net amount, if any, by which the consolidated deferred revenues and other consolidated accrued long-term liability accounts of Holdings,
the Borrower and the consolidated Subsidiaries increased during such fiscal year and (z) the net amount, if any, by which the consolidated accrued long-term asset accounts of Holdings, the Borrower and the other consolidated Subsidiaries
decreased during such fiscal year:
	  	$[    ,    ,    ]
			
	(b)	  	the sum, without duplication, of:	  	$[    ,    ,    ]
			
		  	 (i)      the amount of all non-cash gains included in arriving at such consolidated net income or
loss for such fiscal year:
	  	$[    ,    ,    ]
			
		  	 (ii)     the sum of (x) the amount, if any, by which Net Working Capital increased during such fiscal
year (except as a result of the reclassification of items from long-term to short-term or vice-versa), (y) the net amount, if any, by which the consolidated deferred revenues and other consolidated accrued long-term liability
	  	$[    ,    ,    ]

  
 E-5

					
		  	 accounts of Holdings, the Borrower and the consolidated Subsidiaries decreased during such fiscal year and (z) the net amount, if any, by which
the consolidated accrued long-term asset accounts of Holdings, the Borrower and the consolidated Subsidiaries increased during such fiscal year:
	  	$[    ,    ,    ]
			
		  	 (iii)    the sum of, in each case except to the extent financed with Excluded Sources, of (w) the aggregate
amount of Capital Expenditures by Holdings, the Borrower and the consolidated Subsidiaries made in cash for such fiscal year (except to the extent attributable to the incurrence of Capital Lease Obligations), (x) the aggregate amount of cash
consideration paid during such fiscal year by Holdings, the Borrower and the consolidated Subsidiaries to make Permitted Acquisitions and other Investments (other than Investments in cash, cash equivalents or Permitted Investments), except to the
extent made in reliance on the Available ECF Amount, (y) to the extent not deducted in arriving at net income or loss or pursuant to the other clauses of this definition, the amount of Restricted Payments paid to Persons other than Holdings, the
Borrower or any Subsidiaries during such period pursuant to Section 6.08(a), other than Restricted Payments made in reliance on the Available ECF Amount, and (z) payments in cash made by the Borrower and its consolidated Subsidiaries with
respect to any noncash charges added back pursuant to clause (a)(ii) above in computing Excess Cash Flow for any prior fiscal year:
	  	$[    ,    ,    ]
			
		  	 (iv)    the aggregate principal amount of Long-Term Indebtedness repaid or prepaid in cash by Holdings, the
Borrower and the consolidated Subsidiaries during such fiscal year, excluding (u) Indebtedness in respect of revolving loans and letters of credit or other revolving extensions of credit (except to the extent that any repayment or prepayment of
such Indebtedness is accompanied by a permanent reduction in related commitments), (v) term loans under the First Lien Credit Agreement
	  	$[    ,    ,    ]

  
 E-6

					
			
		  	prepaid pursuant to Section 2.11(c), (d) or (e) thereof, (w) Loans prepaid pursuant to Section 2.11(b), (c) or (d) of the Credit Agreement, (x) any Alternative
Incremental Facility Indebtedness or First Lien Alternative Incremental Facility Indebtedness pursuant to any comparable provision thereof, (y) any Refinancing Indebtedness in respect of the Credit Agreement , the First Lien Credit Agreement,
or any Alternative Incremental Facility Indebtedness or First Lien Alternative Incremental Facility Indebtedness prepaid pursuant to any comparable provision thereof and (z) repayments or prepayments of Long-Term Indebtedness (A) made under
Section 6.08(b)(viii) of the Credit Agreement in reliance on the Available ECF Amount and (B) to the extent financed from Excluded Sources:	  	
			
	ARTICLE III	  	GAAP Working Capital25 = (a) – (b) =	  	$[    ,    ,    ]
			
		  	 (a)     the consolidated current assets of Holdings and the Subsidiaries as of such date, calculated in
accordance with GAAP:
	  	$[    ,    ,    ]
			
		  	 (b)     the consolidated current liabilities of Holdings and the Subsidiaries as of such date,
calculated in accordance with GAAP:
	  	$[    ,    ,    ]

  

	25 	Include if this Compliance Certificate is being delivered with respect to financial statements delivered pursuant to Section 5.01(a) and an ECF Shortfall Amount
exists. 

  
 E-7

 EXHIBIT F 
 [FORM OF] INTERCOMPANY NOTE 
 New York, NY 

, 2013 
 1. FOR
VALUE RECEIVED, each of the parties identified on the signature pages hereto (each, a “Note Party”), constituting an Intercompany Debtor (as defined below), hereby promises to pay to the order of each applicable Intercompany Lender
(as defined below), in lawful money of the United States of America or, in respect of extensions of credit in another currency, in such other currency as agreed to by the applicable Intercompany Lender and the applicable Intercompany Debtor (as
defined below), in each case in immediately available funds, at such location in the United States of America or at such other location as the applicable Intercompany Lender shall from time to time designate, all amounts as may be owing from time to
time by such Note Party (in such capacity, an “Intercompany Debtor”) to each other Note Party that is a Loan Party (in such capacity, an “Intercompany Lender”) in consideration of Indebtedness (such term, and each
other capitalized term used but not defined herein, having the meaning assigned thereto in the Second Lien Credit Agreement referred to below) owed by such Intercompany Debtor to such Intercompany Lender, together with interest thereon at such rate
as may be agreed upon from time to time, if any, between the applicable Intercompany Debtor and the applicable Intercompany Lender (any such Indebtedness being referred to herein as “Intercompany Indebtedness”). 

2. Each Intercompany Debtor shall pay all Intercompany Indebtedness owing under this note (this “Global Note”) to any
Intercompany Lender on demand of such Intercompany Lender. Each Intercompany Lender may make demand for all or any subset of the amounts owing to such Intercompany Lender under this Global Note, upon all Intercompany Debtors obligated to such
Intercompany Lender or any such Intercompany Debtor, without the consent or permission of any other Note Party. 
 3. Upon the
commencement of any bankruptcy, reorganization, arrangement, adjustment of debt, relief of debtors, insolvency or liquidation or similar proceeding in any jurisdiction relating to any Note Party, all Intercompany Indebtedness owing by such Note
Party to each Intercompany Lender under this Global Note shall become immediately due and payable without presentment, demand, protest or notice of any kind in connection with this Global Note. 

4. Upon the occurrence and during the continuance of an Enforcement Event (as defined below), all Intercompany Indebtedness owing
hereunder by any Intercompany Debtor to an Intercompany Lender shall become immediately due and payable without presentment, demand, protest or notice of any kind in connection with this Global Note. Upon the occurrence and during the continuance of
an Enforcement Event, all payments under this Global Note shall be made without offset, counterclaim or deduction of any kind, and no amount owing by any Intercompany 

  
 F-1

 
Debtor to any Intercompany Lender shall be reduced in any way by any outstanding obligations of such Intercompany Lender to such Intercompany Debtor, whether such obligations are monetary or
otherwise. 
 5. Each Intercompany Lender is hereby authorized to record all amounts owing in consideration of Intercompany
Indebtedness extended by such Intercompany Lender to the Intercompany Debtors, all of which shall be evidenced by this Global Note, and all repayments thereof, in its books and records in accordance with its usual practice, such books and records
constituting prima facie evidence of the accuracy of the information contained therein; provided, however, that the failure of any Intercompany Lender to record such information shall not affect any Intercompany Debtor’s
obligations in respect of Intercompany Indebtedness extended by such Intercompany Lender to such Intercompany Debtor. 
 6. Each
Intercompany Debtor hereby waives diligence, presentment, demand, protest and notice of any kind whatsoever. No failure or delay by any Intercompany Lender in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any
single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. No amendment,
modification or waiver of, or consent with respect to, any provision of this Global Note shall in any event be effective against any Note Party unless the same shall be in writing and signed and delivered by such Note Party. Subject to the
immediately preceding sentence, this Global Note shall be construed as a separate agreement with respect to each Note Party and may be amended, modified, supplemented, waived or released with respect to any Note Party without the approval of any
other Note Party and without affecting the obligations of any other Note Party hereunder, and the obligations of each Intercompany Debtor hereunder shall be several and not joint with any other Intercompany Debtors. 

7. Pursuant to the Second Lien Credit Agreement dated as of August 20, 2013 (as amended, supplemented or otherwise modified as of
the date hereof, the “Second Lien Credit Agreement”), among TriNet HR Corporation, TriNet Group, Inc. (“Holdings”), the Lenders from time to time party thereto and Wilmington Trust, National Association., as
Administrative Agent, this Global Note shall be pledged by the Intercompany Lenders in accordance with the Second Lien Credit Agreement and the other Loan Documents. Each Intercompany Debtor hereby acknowledges and agrees that the Administrative
Agent may, pursuant to the Second Lien Credit Agreement, the other Loan Documents and any other applicable agreements as in effect from time to time, exercise all rights provided therein with respect to this Global Note. For purposes hereof, an
“Enforcement Event” shall be deemed to have occurred and be continuing if an Event of Default shall have occurred and is continuing and either (a) all or any part of the Loan Document Obligations shall have been declared, or
shall have automatically become, due and payable or (b) the Administrative Agent shall have commenced the exercise of its rights, on behalf of the Secured Parties, with respect to this Global Note. 

  
 F-2

 8. Notwithstanding anything to the contrary contained herein, in any other Loan Document or
in any other promissory note or other instrument, this Global Note evidences all agreements, promissory notes or other instruments that create or evidence any loans or advances made on, before or after the date hereof by any Intercompany Lender to
any Intercompany Debtor (such notes and instruments, the “Other Intercompany Notes”). This Global Note evidences a continuation of, and not (i) an extinguishment, repayment and reborrowing of, (ii) a termination, novation
or modification of, or (iii) a change to, the Indebtedness heretofore outstanding under the Other Intercompany Notes or any intercompany loan documents or agreements relating thereto. It is understood and agreed that this Global Note evidences
Indebtedness owed from time to time by any Intercompany Debtor to any Intercompany Lender, but does not create any obligation to extend any such Indebtedness or, except as expressly set forth herein, alter any of the terms thereof. 

9. This Global Note may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

10. From time to time after the date hereof, additional Subsidiaries of Holdings may become parties hereto (as Intercompany Debtor and/or
Note Party, as the case may be) by executing a counterpart signature page to this Global Note (each additional Subsidiary, an “Additional Party”). Upon execution and delivery of such counterpart signature page to the Note Parties,
notice of which is hereby waived by the other Intercompany Debtors, each Additional Party shall be a Intercompany Debtor and/or a Note Party, as the case may be, and shall be as fully a party hereto as if such Additional Party were an original
signatory hereof. The execution and delivery of such a counterpart signature page shall not require the consent of any party hereto. Each Intercompany Debtor expressly agrees that its obligations arising hereunder shall not be affected or diminished
by the addition or release of any other Intercompany Debtor or Intercompany Lender hereunder. This Global Note shall be fully effective as to any Intercompany Debtor or Intercompany Lender that is or becomes a party hereto regardless of whether any
other Person becomes or fails to become or ceases to be a Intercompany Debtor or Intercompany Lender hereunder. 
 11. No
amendment, modification or waiver of, or consent with respect to, any provisions of this Global Note shall be effective unless the same shall be in writing and signed and delivered by each Intercompany Debtor and Intercompany Lender whose rights or
obligations shall be affected thereby; provided that, until such time as (a) all the Obligations have been paid in full in cash and (b) the Lenders have no further commitment to lend under the Second Lien Credit Agreement, the
Administrative Agent shall have provided its prior written consent to such amendment, modification, waiver or consent (which consent shall not be unreasonably withheld or delayed) to the extent such amendment, modification, waiver or consent would
be adverse in any material respect to the Lenders. 

  
 F-3

 12. THIS GLOBAL NOTE AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN
CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS GLOBAL NOTE AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

[Signature pages follow] 

  
 F-4

			
	INTERCOMPANY LENDERS:
	
	[•],
		
	By:	 	 
		 	Name:
		 	Title:

  
 F-5

			
	INTERCOMPANY DEBTORS:
	
	[•],
		
	By:	 	 
		 	Name:
		 	Title:

  
 F-6

 EXHIBIT F 
 ALLONGE TO INTERCOMPANY NOTE 
 This Allonge to Intercompany Note dated
[    ], 2013, as amended, amended and restated, supplemented or otherwise modified from time to time, evidencing loans in various amounts owing and payable to the undersigned, shall be attached thereto and made a part thereof.

 ENDORSEMENT 
 The above described note is hereby endorsed as follows: 
  

					
	Pay to the order of	 	
	 	 	.
		
	Dated                     ,
            .	 	
		
	[•],	 	
			
	By:	 	 	 	 
		 	Name:	 	
		 	Title:	 	

  
 F-7

 EXHIBIT G-1 
 [FORM OF] 
 FIRST LIEN/SECOND LIEN INTERCREDITOR AGREEMENT 

Among 
 TRINET HR
CORPORATION, 
 TRINET GROUP, INC., 
 the other Grantors party hereto, 
 JPMORGAN CHASE BANK, N.A., 

as Collateral Agent for the Senior Secured Parties and 
 as Representative for the Credit Agreement Secured Parties, 
 WILMINGTON TRUST,
NATIONAL ASSOCIATION, 
 as the Initial Additional Second Priority Representative, 

and 
 each
additional Representative from time to time party hereto 
 dated as of August 20, 2013 

 FIRST LIEN/SECOND LIEN INTERCREDITOR AGREEMENT dated as of August 20,
2013 (as amended, supplemented or otherwise modified from time to time, this “Agreement”), among TRINET HR CORPORATION, a California corporation (the “Borrower”), TRINET GROUP, INC., a Delaware corporation
(“Holdings”), the other Grantors (as defined herein) party hereto, JPMORGAN CHASE BANK, N.A., as collateral agent for the Senior Secured Parties (as defined herein) (in such capacity, the “Senior Collateral Agent”)
and as Representative for the Credit Agreement Secured Parties (in such capacity, the “Administrative Agent”), WILMINGTON TRUST, NATIONAL ASSOCIATION, as Representative for the Initial Second Priority Debt Parties (in such capacity
and together with its successors in such capacity, the “Initial Second Priority Representative”), and each additional Second Priority Representative and Senior Representative that from time to time becomes a party hereto pursuant to
Section 8.09. 
 In consideration of the mutual agreements herein contained and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Senior Collateral Agent, the Administrative Agent (for itself and on behalf of the Credit Agreement Secured Parties), the Initial Second Priority Representative (for itself and on behalf
of the Initial Second Priority Debt Parties) and each additional Senior Representative (for itself and on behalf of the Additional Senior Debt Parties under the applicable Additional Senior Debt Facility) and each additional Second Priority
Representative (for itself and on behalf of the Second Priority Debt Parties under the applicable Second Priority Debt Facility) agree as follows: 
 ARTICLE I 
 Definitions 

SECTION 1.01. Certain Defined Terms. Capitalized terms used but not otherwise defined herein have the meanings set forth in
the Credit Agreement or the Collateral Agreement, as applicable, or, if defined in the New York UCC, and not otherwise defined herein, in the Credit Agreement or the Collateral Agreement, the meanings specified therein. As used in this Agreement,
the following terms have the meanings specified below: 
 “Additional Senior Debt” means any Indebtedness of
any Loan Party (as defined in the Credit Agreement) (other than Indebtedness constituting Credit Agreement Obligations) which Indebtedness is secured by the Senior Collateral (or a portion thereof) on a pari passu basis (but without
regard to control of remedies) with the Credit Agreement Obligations (and not secured by Liens on any other assets of Holdings, the Borrower or any Subsidiary); provided, however, that (i) such Indebtedness is permitted to be
incurred, secured and (if such Indebtedness is Guaranteed) Guaranteed on such basis by, and complies with the terms of, each Senior Debt Document and Second 

 
Priority Debt Document and (ii) the Representative for the holders of such Indebtedness shall have become party to (A) this Agreement pursuant to, and by satisfying the conditions set
forth in, Section 8.09 hereof and (B) the Pari Passu Intercreditor Agreement pursuant to, and by satisfying the conditions set forth in, Section 5.13 thereof, provided further that, if such Indebtedness will be the
initial Additional Senior Debt incurred by the Loan Parties after the date hereof, then Holdings, the Borrower, the other Grantors, the Senior Collateral Agent and the Representative for such Indebtedness shall have executed and delivered the Pari
Passu Intercreditor Agreement. Additional Senior Debt shall include any Registered Equivalent Notes and the Guarantees thereof by the applicable Grantors issued in exchange therefor. 

“Additional Senior Debt Documents” means, with respect to any series, issue or class of Additional Senior Debt, the
promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Senior Collateral Documents. 
 “Additional Senior Debt Facility” means each credit agreement, indenture or other governing agreement with respect to any Additional Senior Debt. 

“Additional Senior Debt Obligations” means, with respect to any series, issue or class of Additional Senior Debt,
(a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such
Additional Senior Debt, (b) all other amounts payable to the related Additional Senior Debt Parties under the related Additional Senior Debt Documents and (c) any renewals or extensions of the foregoing. 

“Additional Senior Debt Parties” means, with respect to any series, issue or class of Additional Senior Debt, the
holders of such Indebtedness, the Representative with respect thereto, any trustee or agent therefor under any related Additional Senior Debt Documents and the beneficiaries of each indemnification obligation undertaken by Holdings, the Borrower or
any other Grantor under any related Additional Senior Debt Documents. 
 “Administrative Agent” has the meaning
assigned to such term in the introductory paragraph of this Agreement and shall include any successors thereto as provided in Article VIII of the Credit Agreement. 
 “Agreement” has the meaning assigned to such term in the introductory paragraph of this Agreement. 
 “Bankruptcy Case” means a case under the Bankruptcy Code or any other Bankruptcy Law. 
 “Bankruptcy Code” means Title 11 of the United States Code. 

“Bankruptcy Law” means the Bankruptcy Code and any similar Federal, state or foreign law for the relief of debtors.

  
 2 

 “Borrower” has the meaning assigned to such term in the introductory
paragraph of this Agreement. 
 “Class Debt” has the meaning assigned to such term in Section 8.09. 

“Class Debt Parties” has the meaning assigned to such term in Section 8.09. 

“Class Debt Representatives” has the meaning assigned to such term in Section 8.09. 

“Collateral” means the Senior Collateral and the Second Priority Collateral. 

“Collateral Agreement” means the “Collateral Agreement” as defined in the Credit Agreement. 

“Collateral Documents” means the Senior Collateral Documents and the Second Priority Collateral Documents. 

“Credit Agreement” means that certain First Lien Credit Agreement dated as of August 20, 2013, among Holdings, the
Borrower, the lenders from time to time party thereto and the Administrative Agent and any credit agreement which has been designated as the “Credit Agreement” pursuant to the definition of Discharge of Credit Agreement Obligations.

 “Credit Agreement Loan Documents” means the Credit Agreement and the other “Loan Documents” as
defined in the Credit Agreement. 
 “Credit Agreement Obligations” means the “Obligations” as defined
in the Credit Agreement. 
 “Credit Agreement Secured Parties” means the “Secured Parties” as defined
in the Credit Agreement. 
 “Debt Facility” means any Senior Facility and any Second Priority Debt Facility.

 “Designated Second Priority Representative” means (i) the Initial Second Priority Representative, until
such time as the Second Priority Debt Facility under the Initial Second Priority Debt Documents ceases to be the only Second Priority Debt Facility under this Agreement and (ii) thereafter, the Second Priority Representative designated from
time to time by the Second Priority Instructing Group, in a notice to the Senior Collateral Agent and the Borrower hereunder, as the “Designated Second Priority Representative” for purposes hereof. 

“DIP Financing” has the meaning assigned to such term in Section 6.01. 

  
 3 

 “Discharge” means, with respect to any Shared Collateral and any Debt
Facility, the date on which such Debt Facility and the Senior Obligations or Second Priority Debt Obligations thereunder, as the case may be, are no longer secured by such Shared Collateral. The term “Discharged” shall have a
corresponding meaning. 
 “Discharge of Credit Agreement Obligations” means, with respect to any Shared
Collateral, the Discharge of the Credit Agreement Obligations with respect to such Shared Collateral; provided that the Discharge of Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing of such
Credit Agreement Obligations with an Additional Senior Debt Facility secured by such Shared Collateral under one or more Additional Senior Debt Documents which has been designated in writing by the Administrative Agent (under the Credit Agreement so
Refinanced) to the Collateral Agent and each other Representative as the “Credit Agreement” for purposes of this Agreement. 
 “Discharge of Senior Obligations” means the date on which the Discharge of Credit Agreement Obligations and the Discharge of each Additional Senior Debt Facility has occurred. 

“Grantors” means Holdings, the Borrower and each other Subsidiary which has granted a security interest pursuant to any
Collateral Document to secure any Secured Obligations. The Grantors existing on the date hereof are set forth in Annex I hereto. 
 “Initial Second Priority Credit Agreement” means that certain Second Lien Credit Agreement dated as of August 20, 2013, among Holdings, the Borrower, the lenders from time to
time party thereto and Wilmington Trust, National Association, as administrative agent. 
 “Initial Second Priority
Debt” means the Second Priority Debt incurred pursuant to the Initial Second Priority Debt Documents. 

“Initial Second Priority Debt Documents” means the Initial Second Priority Credit Agreement and any notes, security
documents and other operative agreements evidencing or governing such Indebtedness, including any agreement entered into for the purpose of securing the Initial Second Priority Debt Obligations. 

“Initial Second Priority Debt Obligations” means the Second Priority Debt Obligations arising pursuant to the Initial
Second Priority Debt Documents. 
 “Initial Second Priority Debt Parties” means the holders of any Initial
Second Priority Debt Obligations and the Initial Second Priority Representative. 
 “Initial Second Priority
Representative” has the meaning assigned to such term in the introductory paragraph to this Agreement. 

“Insolvency or Liquidation Proceeding” means: 

  
 4 

 (1) any case commenced by or against Holdings, the Borrower or any other
Grantor under any Bankruptcy Law, any other proceeding for the reorganization, recapitalization or adjustment of the assets or liabilities of Holdings, the Borrower or any other Grantor, any receivership or assignment for the benefit of creditors
relating to Holdings, the Borrower or any other Grantor or any similar case or proceeding relative to Holdings, the Borrower or any other Grantor or its creditors, as such, in each case whether or not voluntary; 

(2) any liquidation or dissolution of assets or liabilities or other winding up of or relating to Holdings, the Borrower
or any other Grantor, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency; or 
 (3) any other proceeding of any type or nature in which substantially all claims of creditors of Holdings, the Borrower or any other Grantor are determined and any payment or distribution is or may be
made on account of such claims. 
 “Joinder Agreement” means a supplement to this Agreement in the form of
Annex III or Annex IV hereof required to be delivered by a Representative to the Senior Collateral Agent pursuant to Section 8.09 hereof in order to include an additional Debt Facility hereunder and to become the Representative hereunder
for the Senior Secured Parties or Second Priority Debt Parties, as the case may be, under such Debt Facility. 
 “Loan
Party” means “Loan Party” as defined in the Credit Agreement. 
 “Major Additional Senior
Representative” means, at any time, the Senior Representative of the Additional Senior Debt Facility having the largest outstanding principal amount of Additional Senior Debt Obligations of any Additional Senior Debt Facility then
outstanding 
 “Majority Credit Agreement Parties” means the Required Lenders (as defined in the Credit
Agreement), or with respect to any waiver, amendment or request, Credit Agreement Secured Parties having such amount of unused commitments, revolving credit loans or exposures, and outstanding term loans as may be required under the Credit Agreement
to approve the same. 
 “Majority Senior Parties” means (a) prior to the Discharge of Credit Agreement
Obligations, the Majority Credit Agreement Parties and (b) thereafter, with respect to any waiver, amendment or request, Additional Senior Debt Parties under the Additional Senior Debt Facility in respect of which the Major Additional Senior
Representative acts as Representative having such amount of Indebtedness and other credit exposure as may be required under such Additional Senior Debt Facility to approve the same. 

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

  
 5 

 “Officer’s Certificate” has the meaning assigned to such term in
Section 8.08. 
 “Pari Passu Intercreditor Agreement” has the meaning assigned to such term in the Credit
Agreement. 
 “Pledged or Controlled Collateral” has the meaning assigned to such term in Section 5.04(a).

 “Proceeds” means the proceeds of any sale, collection or other liquidation of Shared Collateral, any payment
or distribution made in respect of Shared Collateral in a Bankruptcy Case and any amounts received by the Senior Collateral Agent or any Senior Secured Party from a Second Priority Debt Party in respect of Shared Collateral pursuant to this
Agreement or any other intercreditor agreement. 
 “Purchase Notice” has the meaning assigned to such term in
Section 6.03(b). 
 “Recovery” has the meaning assigned to such term in Section 6.05. 

“Refinance” means, in respect of any indebtedness, to refinance, extend, renew, defease, amend, increase, modify,
supplement, restructure, refund, replace or repay, or to issue other indebtedness or enter alternative financing arrangements, in exchange or replacement for such indebtedness (in whole or in part), including by adding or replacing lenders,
creditors, agents, borrowers and/or guarantors, and including in each case, but not limited to, after the original instrument giving rise to such indebtedness has been terminated and including, in each case, through any credit agreement, indenture
or other agreement. “Refinanced” and “Refinancing” have correlative meanings. 

“Registered Equivalent Notes” means, with respect to any notes originally issued in a Rule 144A or other private
placement transaction under the Securities Act of 1933, substantially identical notes (having the same Guarantees) issued in a dollar for dollar exchange therefor pursuant to an exchange offer registered with the SEC. 

“Representatives” means the Senior Representatives and the Second Priority Representatives. 

“Responsible Officer” of any person shall mean any executive officer or Financial Officer of such person and any other
officer or similar official thereof with responsibility for the administration of the obligations of such person in respect of this Agreement. 
 “Second Priority Class Debt” has the meaning assigned to such term in Section 8.09. 
 “Second Priority Class Debt Parties” has the meaning assigned to such term in Section 8.09. 

  
 6 

 “Second Priority Class Debt Representative” has the meaning assigned to
such term in Section 8.09. 
 “Second Priority Collateral” means any “Collateral” as defined in any
Second Priority Debt Document or any other assets of Holdings, the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority
Debt Obligation. 
 “Second Priority Collateral Documents” means the “Collateral Agreement” and the
other “Security Documents” as defined in the Initial Second Priority Credit Agreement, the “Pari Passu Second Lien Intercreditor Agreement” as defined in the Initial Second Priority Credit Agreement (upon and after the initial
execution and delivery thereof by the initial parties thereto) and each of the security agreements and other instruments and documents executed and delivered by Holdings, the Borrower or any other Grantor for purposes of providing collateral
security for any Second Priority Debt Obligation. 
 “Second Priority Debt” means any Indebtedness of any Loan
Party (as defined in the Credit Agreement), including the Initial Second Priority Debt, which Indebtedness is secured by the Second Priority Collateral on a pari passu basis (but without regard to control of remedies, other than as
provided by the terms of the applicable Second Priority Debt Documents) with any other Second Priority Debt Obligations and the applicable Second Priority Debt Documents of which provide that such Indebtedness is to be secured by such Second
Priority Collateral on a subordinate basis to the Senior Obligations (and which is not secured by Liens on any assets of Holdings, the Borrower or any other Grantor other than the Second Priority Collateral or which are not included in the Senior
Collateral); provided, however, that (i) such Indebtedness is permitted to be incurred, secured and (if such Indebtedness is Guaranteed) Guaranteed on such basis by, and complies with the terms of, each Senior Debt Document and
Second Priority Debt Document and (ii) except in the case of the Initial Second Priority Debt, the Representative for the holders of such Indebtedness shall have become party to this Agreement pursuant to, and by satisfying the conditions set
forth in, Section 8.09 hereof. Second Priority Debt shall include any Registered Equivalent Notes and Guarantees thereof by the applicable Grantors issued in exchange therefor. 

“Second Priority Debt Documents” means the Initial Second Priority Debt Documents and, with respect to any series, issue
or class of Second Priority Debt, the promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Second Priority Collateral Documents. 

“Second Priority Debt Facility” means each credit agreement, indenture or other governing agreement with respect to any
Second Priority Debt. 

  
 7 

 “Second Priority Debt Obligations” means the Initial Second Priority Debt
Obligations and, with respect to any series, issue or class of Second Priority Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not
allowed or allowable as a claim in any such proceeding) payable with respect to, such Second Priority Debt, (b) all other amounts payable to the related Second Priority Debt Parties under the related Second Priority Debt Documents and
(c) any renewals or extensions of the foregoing. 
 “Second Priority Debt Parties” means the Initial
Second Priority Debt Parties and, with respect to any series, issue or class of Second Priority Debt, the holders of such Indebtedness, the Representative with respect thereto, any trustee or agent therefor under any related Second Priority Debt
Documents and the beneficiaries of each indemnification obligation undertaken by Holdings, the Borrower or any other Grantor under any related Second Priority Debt Documents. 
 “Second Priority Instructing Group” means Second Priority Representatives with respect to Second Priority Debt Facilities under which at least a majority of the then aggregate amount of
Second Priority Debt Obligations are outstanding. 
 “Second Priority Lien” means the Liens on the Second
Priority Collateral in favor of Second Priority Debt Parties under Second Priority Collateral Documents. 
 “Second
Priority Representative” means (i) in the case of the Initial Second Priority Debt Facility covered hereby, the Initial Second Priority Representative and (ii) in the case of any Second Priority Debt Facility and the Second
Priority Debt Parties thereunder the trustee, administrative agent, collateral agent, security agent or similar agent under such Second Priority Debt Facility that is named as the Representative in respect of such Second Priority Debt Facility in
the applicable Joinder Agreement. 
 “Secured Obligations” means the Senior Obligations and the Second Priority
Debt Obligations. 
 “Secured Parties” means the Senior Secured Parties and the Second Priority Debt Parties.

 “Senior Class Debt” has the meaning assigned to such term in Section 8.09. 

“Senior Class Debt Parties” has the meaning assigned to such term in Section 8.09. 

“Senior Class Debt Representative” has the meaning assigned to such term in Section 8.09. 

“Senior Collateral” means any “Collateral” as defined in any Credit Agreement Loan Document or any
other Senior Debt Document or any other assets of 

  
 8 

 
Holdings, the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligation.

 “Senior Collateral Agent” means JPMorgan Chase Bank, N.A., in its capacity as collateral agent under the
Senior Collateral Documents, and any successor thereof or replacement senior collateral agent appointed in accordance with the terms of the Credit Agreement and, if it is then in effect, the Pari Passu Intercreditor Agreement. 

“Senior Collateral Documents” means the “Collateral Agreement” and the other “Security Documents” as
defined in the Credit Agreement, the Pari Passu Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the security agreements and other instruments and documents executed and
delivered by Holdings, the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation. 
 “Senior Debt Documents” means (a) the Credit Agreement Loan Documents and (b) any Additional Senior Debt Documents. 

“Senior Facilities” means the Credit Agreement and any Additional Senior Debt Facilities. 

“Senior Lien” means the Liens on the Senior Collateral in favor of the Senior Secured Parties under the Senior
Collateral Documents. 
 “Senior Obligations” means the Credit Agreement Obligations and any Additional Senior
Debt Obligations. 
 “Senior Representative” means (i) in the case of any Credit Agreement Obligations or
the Credit Agreement Secured Parties, the Administrative Agent, (ii) in the case of any Additional Senior Debt Facility and the Additional Senior Debt Parties thereunder (including with respect to any Additional Senior Debt Facility initially
covered hereby on the date of this Agreement) the trustee, administrative agent, collateral agent, security agent or similar agent under such Additional Senior Debt Facility that is named as the Representative in respect of such Additional Senior
Debt Facility in the applicable Joinder Agreement. 
 “Senior Secured Parties” means the Credit Agreement
Secured Parties and any Additional Senior Debt Parties. 
 “Shared Collateral” means, at any time,
Collateral in which the holders of Senior Obligations under at least one Senior Facility and the holders of Second Priority Debt Obligations under at least one Second Priority Debt Facility (or their Representatives) hold a security interest at such
time. If, at any time, any portion of the Senior Collateral under one or more Senior Facilities does not constitute Second Priority Collateral under one or more Second Priority Debt Facilities, then such portion of such Senior Collateral shall
constitute Shared Collateral only with respect to the Second Priority Debt Facilities for which it constitutes Second Priority Collateral and shall not 

  
 9 

 
constitute Shared Collateral for any Second Priority Debt Facility which does not have a security interest in such Collateral at such time. 

“Uniform Commercial Code” or “UCC” means, unless otherwise specified, the Uniform Commercial Code as
from time to time in effect in the State of New York. 
 SECTION 1.02. 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,
(i) any definition of or reference to any agreement, instrument, other document, statute or regulation herein shall be construed as referring to such agreement, instrument, other document, statute or regulation as from time to time amended,
supplemented or otherwise modified, (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, but shall not be deemed to include the subsidiaries of such Person unless express reference is
made to such subsidiaries, (iii) 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,
(iv) all references herein to Articles, Sections and Annexes shall be construed to refer to Articles, Sections and Annexes of this Agreement, (v) unless otherwise expressly qualified herein, 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 and (vi) the term “or” is
not exclusive. 
 ARTICLE II 
 Priorities and Agreements with Respect to Shared Collateral 
 SECTION 2.01.
Subordination. Notwithstanding the date, time, manner or order of filing or recordation of any document or instrument or grant, attachment or perfection of any Liens granted to any Second Priority Representative or any Second Priority Debt
Party on the Shared Collateral or of any Liens granted to the Senior Collateral Agent or the Senior Secured Parties on the Shared Collateral (or any actual or alleged defect in any of the foregoing) and notwithstanding any provision of the UCC, any
applicable law, any Second Priority Debt Document or any Senior Debt Document or any other circumstance whatsoever, each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility,
hereby agrees that (a) any Lien on the Shared Collateral securing any Senior Obligations now or hereafter held by or on behalf of the Senior Collateral Agent, any Senior Secured Parties or any Senior Representative or other agent or trustee
therefor, regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall have priority over and be senior in all respects and prior to any Lien on the Shared Collateral securing any Second Priority Debt
Obligations and (b) any Lien on the Shared Collateral securing any Second Priority Debt Obligations now or hereafter held by or on behalf of 

  
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any Second Priority Representative, any Second Priority Debt Party or any Second Priority Representative or other agent or trustee therefor, regardless of how acquired, whether by grant, statute,
operation of law, subrogation or otherwise, shall be junior and subordinate in all respects to all Liens on the Shared Collateral securing any Senior Obligations. All Liens on the Shared Collateral securing any Senior Obligations shall be and remain
senior in all respects and prior to all Liens on the Shared Collateral securing any Second Priority Debt Obligations for all purposes, whether or not such Liens securing any Senior Obligations are subordinated to any Lien securing any other
obligation of Holdings, the Borrower, any other Grantor or any other Person or otherwise subordinated, voided, avoided, invalidated or lapsed. The subordination of Liens securing Second Priority Debt Obligations to Liens securing Senior Obligations
set forth in this Section 2.01 affects only the relative priority of those Liens, and does not subordinate the Second Priority Debt Obligations in right of payment to the Senior Obligations. Nothing in this Agreement will affect the entitlement
of any Second Priority Debt Party to receive and retain required payments of interest, principal and other amounts in respect of a Second Priority Debt Obligation unless the receipt is expressly prohibited by, or results from the Second Priority
Debt Party’s breach of, this Agreement. 
 SECTION 2.02. Nature of Senior Lender Claims. Each Second Priority
Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility, acknowledges that (a) a portion of the Senior Obligations is revolving in nature and that the amount thereof that may be
outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed, (b) the terms of the Senior Debt Documents and the Senior Obligations may be amended, supplemented or otherwise modified, and the Senior
Obligations, or a portion thereof, may be Refinanced from time to time and (c) the aggregate amount of the Senior Obligations may be increased, in each case, without notice to or consent by the Second Priority Representatives or the Second
Priority Debt Parties and without affecting the provisions hereof. The Lien priorities provided for in Section 2.01 shall not be altered or otherwise affected by any amendment, supplement or other modification, or any Refinancing, of either the
Senior Obligations or the Second Priority Debt Obligations, or any portion thereof. As between Holdings, the Borrower, the other Grantors and the Second Priority Debt Parties, the foregoing provisions will not limit or otherwise affect the
obligations of Holdings, the Borrower and the other Grantors contained in any Second Priority Debt Document with respect to the incurrence of additional Senior Obligations. 
 SECTION 2.03. Prohibition on Contesting Liens Each of the Second Priority Representatives, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility,
agrees that it shall not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the validity, extent, perfection, priority or enforceability of any
Lien securing any Senior Obligations held (or purported to be held) by or on behalf of the Senior Collateral Agent or any of the Senior Secured Parties or any Senior Representative or other agent or trustee therefor in any Senior Collateral, and the
Senior Collateral Agent and each Senior Representative, for itself and on behalf of each Senior Secured Party under its Senior Facility, agrees that it shall not (and hereby waives any right to) contest or support any other Person in contesting, in
any proceeding 

  
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(including any Insolvency or Liquidation Proceeding), the validity, extent, perfection, priority or enforceability of any Lien securing any Second Priority Debt Obligations held (or purported to
be held) by or on behalf of any of any Second Priority Representative or any of the Second Priority Debt Parties in the Second Priority Collateral. Notwithstanding the foregoing, no provision in this Agreement shall be construed to prevent or impair
the rights of the Senior Collateral Agent or any Senior Representative to enforce this Agreement (including the priority of the Liens securing the Senior Obligations as provided in Section 2.01) or any of the Senior Debt Documents. 

SECTION 2.04. No New Liens. The parties hereto agree that, so long as the Discharge of Senior Obligations has not occurred;
(a) none of the Grantors shall grant or permit any additional Liens on any asset or property of any Grantor to secure any Second Priority Debt Obligation unless it has granted, or concurrently therewith grants, a Lien on such asset or property
of such Grantor to secure the Senior Obligations, (b) none of the Grantors shall grant or permit any additional Liens in favor of the Senior Secured Parties under the Senior Collateral Documents on any asset or property of any Grantor to secure
any Senior Obligation unless it has granted, or concurrently therewith grants, a junior-priority Lien on such asset or property of such Grantor to secure the Second Priority Debt Obligations subject to the terms of this Agreement, (c) if any
Second Priority Representative or any Second Priority Debt Party shall hold any Lien on any assets or property of any Grantor securing any Second Priority Obligations that are not also subject to the senior-priority Liens securing Senior Obligations
under the Senior Collateral Documents, such Second Priority Representative or Second Priority Debt Party (i) shall notify the Senior Collateral Agent promptly upon becoming aware thereof and, unless such Grantor shall promptly grant a similar
Lien on such assets or property to the Senior Collateral Agent as security for the Senior Obligations, shall assign such Lien to the Senior Collateral Agent as security for the Senior Obligations (but may retain a junior lien on such assets or
property subject to the terms hereof) and (ii) until such assignment or such grant of a similar Lien to the Senior Collateral Agent, shall be deemed to hold and have held such Lien for the benefit of the Senior Collateral Agent as security for
the Senior Obligations, and (d) if any Senior Representative or any Senior Secured Party shall hold any Lien created under the Senior Collateral Documents on any assets or property of any Grantor securing any Senior Obligations that are not
also subject to the junior-priority Liens securing Second Priority Debt Obligations under the Second Priority Collateral Documents, such Senior Representative or Senior Secured Party (i) shall notify each Second Priority Representative promptly
upon becoming aware thereof and, unless such Grantor shall promptly grant a junior-priority Lien on such assets or property to each Second Priority Representative as security for the Second Priority Debt Obligations, shall assign such Lien to each
Second Priority Representative as security for the Second Priority Debt Obligations (but may retain a senior Lien on such assets or property subject to the terms hereof) and (ii) until such assignment or such grant of a junior-priority Lien to
each Second Priority Representative, shall be deemed to hold and have held such Lien for the benefit of each Second Priority Representative as security for the Second Priority Debt Obligations. 

SECTION 2.05. Perfection of Liens. Except for the agreements of the Senior Collateral Agent pursuant to Section 5.04 hereof,
none of the Senior Collateral 

  
 12 

 
Agent, the Senior Representatives or the Senior Secured Parties shall be responsible for perfecting and maintaining the perfection of Liens with respect to the Shared Collateral for the benefit
of the Second Priority Representatives or the Second Priority Debt Parties. The provisions of this Agreement are intended solely to govern the respective Lien priorities as between the Senior Secured Parties and the Second Priority Debt Parties and
shall not impose on the Senior Collateral Agent, the Senior Representatives, the Senior Secured Parties, the Second Priority Representatives, the Second Priority Debt Parties or any agent or trustee therefor any obligations in respect of the
disposition of Proceeds of any Shared Collateral which would conflict with prior perfected claims therein in favor of any other Person or any order or decree of any court or governmental authority or any applicable law. 

SECTION 2.06. Certain Cash Collateral. Notwithstanding anything in this Agreement or any other Senior Debt Documents or Second
Priority Debt Documents to the contrary, collateral consisting of cash and cash equivalents pledged to secure Credit Agreement Obligations consisting of reimbursement obligations in respect of Letters of Credit or otherwise held by the
Administrative Agent or the Senior Collateral Agent pursuant to Section 2.05(j), 2.11(b), 2.18(e) or 2.20(a)(v) of the Credit Agreement (or any equivalent successor provision) shall be applied as specified in such Section of the Credit
Agreement and will not constitute Shared Collateral. 
 ARTICLE III 

Enforcement 
 SECTION 3.01. Exercise of Remedies. (a) So long as the Discharge of Senior Obligations has not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or
against Holdings, the Borrower or any other Grantor, (i) neither any Second Priority Representative nor any Second Priority Debt Party will (x) exercise or seek to exercise any rights or remedies (including setoff) with respect to any
Shared Collateral in respect of any Second Priority Debt Obligations, or institute any action or proceeding with respect to such rights or remedies (including any action of foreclosure), (y) contest, protest or object to any foreclosure
proceeding or action brought with respect to the Shared Collateral or any other Senior Collateral by the Senior Collateral Agent, any Senior Representative or any Senior Secured Party in respect of the Senior Obligations, the exercise of any right
by the Senior Collateral Agent, any Senior Representative or any Senior Secured Party (or any agent or sub-agent on their behalf) in respect of the Senior Obligations under any lockbox agreement, control agreement, landlord waiver or bailee’s
letter or similar agreement or arrangement to which the Senior Collateral Agent, any Senior Representative or any Senior Secured Party either is a party or may have rights as a third party beneficiary, or any other exercise by any such party of any
rights and remedies relating to the Shared Collateral under the Senior Debt Documents or otherwise in respect of the Senior Collateral or the Senior Obligations, or (z) object to the forbearance by the Senior Collateral Agent, any Senior
Representative or any Senior Secured Party from bringing or pursuing any foreclosure proceeding or action or any other exercise of any rights or remedies relating to the Shared Collateral in respect of Senior Obligations and (ii) except as
otherwise 

  
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provided herein, the Senior Collateral Agent, the Senior Representatives and the Senior Secured Parties shall have the exclusive right to enforce rights, exercise remedies (including setoff and
the right to credit bid their debt) and make determinations regarding the release, disposition or restrictions with respect to the Shared Collateral without any consultation with or the consent of any Second Priority Representative or any Second
Priority Debt Party; provided, however, that the Designated Second Priority Representative may exercise any or all of such rights after the passage of a period of 180 days from the date of delivery to the Senior Collateral Agent of a
written notice of the acceleration of the Second Priority Debt Obligations unless the Senior Collateral Agent is at such time diligently exercising its rights and remedies with respect to the Shared Collateral; provided further
however, that (A) in any Insolvency or Liquidation Proceeding commenced by or against Holdings, the Borrower or any other Grantor, any Second Priority Representative may file a claim or statement of interest with respect to the Second
Priority Debt Obligations under its Second Priority Debt Facility, (B) any Second Priority Representative may take any action (not adverse to the prior Liens on the Shared Collateral securing the Senior Obligations or the rights of the Senior
Collateral Agent, the Senior Representatives or the Senior Secured Parties to exercise remedies in respect thereof) in order to create, prove, perfect, preserve or protect (but not enforce) its rights in, and perfection and priority of its Lien on,
the Shared Collateral, (C) the Second Priority Representative and any Second Priority Debt Party may exercise their rights and remedies as unsecured creditors to the extent not inconsistent with this Agreement and as provided in
Section 5.03, and (D) any Second Priority Representative may exercise the rights and remedies provided for in Section 6.04. In exercising rights and remedies with respect to the Senior Collateral, the Senior Collateral Agent, the
Senior Representatives and the Senior Secured Parties may enforce the provisions of the Senior Debt Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion. Such
exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of Shared Collateral upon foreclosure, to incur expenses in connection with such sale or disposition and to exercise all the rights and
remedies of a secured lender under the Uniform Commercial Code of any applicable jurisdiction and of a secured creditor under Bankruptcy Laws of any applicable jurisdiction. 
 (b) So long as the Discharge of Senior Obligations has not occurred, each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility,
agrees that it will not, in the context of its role as secured creditor, take or receive any Shared Collateral or any Proceeds of Shared Collateral in connection with the exercise of any right or remedy (including setoff) with respect to any Shared
Collateral in respect of Second Priority Debt Obligations. Without limiting the generality of the foregoing, unless and until the Discharge of Senior Obligations has occurred, except as expressly provided in the provisos in clause (ii) of
Section 3.01(a), the sole right of the Second Priority Representatives and the Second Priority Debt Parties with respect to the Shared Collateral is to hold a Lien on the Shared Collateral in respect of Second Priority Debt Obligations pursuant
to the Second Priority Debt Documents for the period and to the extent granted therein and to receive a share of the Proceeds thereof, if any, after the Discharge of Senior Obligations has occurred. 

  
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 (c) Subject to the provisos in clause (ii) of Section 3.01(a), (i) each
Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, agrees that neither such Second Priority Representative nor any such Second Priority Debt Party will take any action
that would hinder any exercise of remedies undertaken by the Senior Collateral Agent, any Senior Representative or any Senior Secured Party with respect to the Shared Collateral under the Senior Debt Documents, including any sale, lease, exchange,
transfer or other disposition of the Shared Collateral, whether by foreclosure or otherwise, and (ii) each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility,
hereby waives any and all rights it or any such Second Priority Debt Party may have as a junior lien creditor or otherwise to object to the manner in which the Senior Collateral Agent, the Senior Representatives or the Senior Secured Parties seek to
enforce or collect the Senior Obligations or the Liens granted on any of the Senior Collateral, regardless of whether any action or failure to act by or on behalf of the Senior Collateral Agent, any Senior Representative or any other Senior Secured
Party is adverse to the interests of the Second Priority Debt Parties. 
 (d) Each Second Priority Representative hereby
acknowledges and agrees that no covenant, agreement or restriction contained in any Second Priority Debt Document shall be deemed to restrict in any way the rights and remedies of the Senior Collateral Agent, the Senior Representatives or the Senior
Secured Parties with respect to the Senior Collateral as set forth in this Agreement and the Senior Debt Documents. 
 (e)
Subject to the first proviso in clause (ii) of Section 3.01(a), until the Discharge of Senior Obligations, the Senior Collateral Agent and the Majority Senior Parties (or such other Senior Representative as shall be authorized in
accordance with the provisions of the Pari Passu Intercreditor Agreement, if then in effect, to direct the Senior Collateral Agent or otherwise take such action) shall have the exclusive right to exercise any right or remedy with respect to the
Shared Collateral and shall have the exclusive right to determine and direct the time, method and place for exercising such right or remedy or conducting any proceeding with respect thereto. Following the Discharge of Senior Obligations, the Second
Priority Instructing Group and the Designated Second Priority Representative shall have the exclusive right to exercise any right or remedy with respect to the Collateral, and the Second Priority Instructing Group and Designated Second Priority
Representative shall have the exclusive right to direct the time, method and place of exercising or conducting any proceeding for the exercise of any right or remedy available to the Second Priority Debt Parties with respect to the Collateral, or of
exercising or directing the exercise of any trust or power conferred on the Second Priority Representatives, or for the taking of any other action authorized by the Second Priority Collateral Documents; provided, however, that nothing
in this Section shall impair the right of any Second Priority Representative or other agent or trustee acting on behalf of the Second Priority Debt Parties to take such actions with respect to the Collateral after the Discharge of Senior Obligations
as may be otherwise required or authorized pursuant to any intercreditor agreement governing the Second Priority Debt Parties or the Second Priority Debt Obligations. 

  
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 SECTION 3.02. Cooperation. Subject to the proviso in clause (ii) of
Section 3.01(a), each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility, agrees that, unless and until the Discharge of Senior Obligations has occurred, it will not
commence, or join with any Person (other than the Senior Secured Parties and the Senior Collateral Agent upon the request thereof) in commencing, any enforcement, collection, execution, levy or foreclosure action or proceeding with respect to any
Lien held by it in the Shared Collateral under any of the Second Priority Debt Documents or otherwise in respect of the Second Priority Debt Obligations. 
 SECTION 3.03. Actions upon Breach. Should any Second Priority Representative or any Second Priority Debt Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any
action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, the Senior Collateral Agent or any Senior Representative
or other Senior Secured Party (in its or their own name or in the name of Holdings, the Borrower or any other Grantor) may obtain relief against such Second Priority Representative or such Second Priority Debt Party by injunction, specific
performance or other appropriate equitable relief. Each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Facility, hereby (i) agrees that the Senior Secured Parties’ damages
from the actions of the Second Party Representatives or any Second Priority Debt Party may at that time be difficult to ascertain and may be irreparable and waives any defense that Holdings, the Borrower, any other Grantor or the Senior Secured
Parties cannot demonstrate damage or be made whole by the awarding of damages and (ii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific
performance in any action that may be brought by the Senior Collateral Agent, any Senior Representative or and Senior Secured Party. 
 ARTICLE IV 
 Payments 

SECTION 4.01. Application of Proceeds. After an event of default under any Senior Debt Document has occurred and until such event
of default is cured or waived, so long as the Discharge of Senior Obligations has not occurred, the Shared Collateral or Proceeds thereof received in connection with the sale or other disposition of, or collection on, such Shared Collateral upon the
exercise of remedies shall be applied by the Senior Collateral Agent to the Senior Obligations in such order as specified in the relevant Senior Debt Documents until the Discharge of Senior Obligations has occurred. Upon the Discharge of Senior
Obligations, the Senior Collateral Agent shall deliver promptly to the Designated Second Priority Representative any Shared Collateral or Proceeds thereof held by it in the same form as received, with any necessary endorsements, or as a court of
competent jurisdiction may otherwise direct, to be applied by the Designated Second Priority Representative to the Second Priority Debt Obligations in such order as specified in the relevant Second Priority Debt Documents. 

  
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 SECTION 4.02. Payments Over. Any Shared Collateral or Proceeds thereof received by
any Second Priority Representative or any Second Priority Debt Party in connection with the exercise of any right or remedy (including setoff) relating to the Shared Collateral in contravention of this Agreement shall be segregated and held in trust
for the benefit of and forthwith paid over to the Senior Collateral Agent for the benefit of the Senior Secured Parties in the same form as received, with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. The
Senior Collateral Agent is hereby authorized to make any such endorsements as agent for each of the Second Priority Representatives or any such Second Priority Debt Party. This authorization is coupled with an interest and is irrevocable.

 ARTICLE V 
 Other Agreements 
 SECTION 5.01. Releases. (a) Each Second
Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, agrees that, in the event of a sale, transfer or other disposition of any specified item of Shared Collateral, the Liens
granted to the Second Priority Representatives and the Second Priority Debt Parties upon such Shared Collateral to secure Second Priority Debt Obligations shall terminate and be released, automatically and without any further action, concurrently
with the termination and release of all Liens granted upon such Shared Collateral to secure Senior Obligations. Upon delivery to a Second Priority Representative of an Officer’s Certificate stating that any such termination and release of Liens
securing the Senior Obligations has become effective (or shall become effective concurrently with such termination and release of the Liens granted to the Second Priority Debt Parties and the Second Priority Representatives) and any necessary or
proper instruments of termination or release prepared by Holdings, the Borrower or any other Grantor, such Second Priority Representative will promptly execute, deliver or acknowledge, at Holdings’, the Borrower’s or the other
Grantor’s sole cost and expense, such instruments to evidence such termination and release of the Liens. Nothing in this Section 5.01(a) will be deemed to affect any agreement of a Second Priority Representative, for itself and on behalf
of the Second Priority Debt Parties under its Second Priority Debt Facility, to release the Liens on the Second Priority Collateral as set forth in the relevant Second Priority Debt Documents. 

(b) Each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt
Facility, hereby irrevocably constitutes and appoints the Senior Collateral Agent and any officer or agent of the Senior Collateral Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and
authority in the place and stead of such Second Priority Representative or such Second Priority Debt Party or in the Senior Collateral Agent’s own name, from time to time in the Senior Collateral Agent’s discretion, for the purpose of
carrying out the terms of Section 5.01(a), to take any and all appropriate action and to execute any and all documents and instruments that may be necessary or desirable to accomplish the purposes of Section 5.01(a), including any
termination statements, endorsements or other instruments of transfer or release. 

  
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 (c) Unless and until the Discharge of Senior Obligations has occurred, each Second Priority
Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, hereby consents to the application, whether prior to or after an event of default under any Senior Debt Document of proceeds of
Shared Collateral to the repayment of Senior Obligations pursuant to the Senior Debt Documents, provided that nothing in this Section 5.01(c) shall be construed to prevent or impair the rights of the Second Priority Representatives or
the Second Priority Debt Parties to receive proceeds in connection with the Second Priority Debt Obligations not otherwise in contravention of this Agreement. 
 (d) Notwithstanding anything to the contrary in any Second Priority Collateral Document, in the event the terms of a Senior Collateral Document and a Second Priority Collateral Document each require any
Grantor to (i) make payment in respect of any item of Shared Collateral, (ii) deliver or afford control over any item of Shared Collateral to, or deposit any item of Shared Collateral with, (iii) register ownership of any item of
Shared Collateral in the name of or make an assignment of ownership of any Shared Collateral or the rights thereunder to, (iv) cause any securities intermediary, commodity intermediary or other Person acting in a similar capacity to agree to
comply, in respect of any item of Shared Collateral, with instructions or orders from, or to treat, in respect of any item of Shared Collateral, as the entitlement holder, (v) hold any item of Shared Collateral in trust for (to the extent such
item of Shared Collateral cannot be held in trust for multiple parties under applicable law), (vi) obtain the agreement of a bailee or other third party to hold any item of Shared Collateral for the benefit of or subject to the control of or,
in respect of any item of Shared Collateral, to follow the instructions of or (vii) obtain the agreement of a landlord with respect to access to leased premises where any item of Shared Collateral is located or waivers or subordination of
rights with respect to any item of Shared Collateral in favor of, in any case, both the Senior Collateral Agent and any Second Priority Representative or Second Priority Debt Party, such Grantor may, until the applicable Discharge of Senior
Obligations has occurred, comply with such requirement under the Second Priority Collateral Document as it relates to such Shared Collateral by taking any of the actions set forth above only with respect to, or in favor of, the Senior Collateral
Agent. 
 SECTION 5.02. Amendments to Second Priority Collateral Documents. (a) Without the prior written consent of
the Senior Collateral Agent and the Majority Senior Parties, no Second Priority Collateral Document may be amended, supplemented or otherwise modified or entered into to the extent such amendment, supplement or modification, or the terms of any new
Second Priority Collateral Document, would be prohibited by or inconsistent with any of the terms of this Agreement. The Borrower agrees to deliver to the Senior Collateral Agent copies of (i) any new Second Priority Debt Document and
(ii) any amendments, supplements or other modifications to the Initial Second Priority Credit Agreement or any Second Priority Collateral Document related thereto or the principal agreement governing any new class of Second Priority Debt or any
Second Priority Collateral Document related thereto, in each case promptly after effectiveness thereof. Each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, agrees
that each Second Priority Collateral Document under its Second Priority Debt Facility shall 

  
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include the following language (or language to similar effect reasonably approved by the Senior Collateral Agent): 
 “Notwithstanding anything herein to the contrary, (i) the liens and security interests granted to the [identify applicable Second Priority Representative] pursuant to this Agreement are
expressly subject and subordinate to the liens and security interests granted in favor of the Senior Secured Parties (as defined in the First Lien/Second Lien Intercreditor Agreement referred to below), including liens and security interests granted
to JPMorgan Chase Bank, N.A., as administrative agent, pursuant to or in connection with the Credit Agreement dated as of August 20, 2013 (as amended, supplemented or otherwise modified from time to time), among TriNet HR Corporation, a
California corporation (the “Borrower”), TriNet Group, Inc., a Delaware corporation (“Holdings”), the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, and (ii) the exercise of any
right or remedy by the [identify applicable Second Priority Representative] hereunder is subject to the limitations and provisions of the First Lien/Second Lien Intercreditor Agreement dated as of August 20, 2013 (as amended, supplemented or
otherwise modified from time to time, the “First Lien/Second Lien Intercreditor Agreement”), among the Borrower, Holdings, JPMorgan Chase Bank, N.A., as collateral agent for the Senior Secured Parties and as Representative for the
Credit Agreement Secured Parties, Wilmington Trust, National Association, as Representative for the Initial Second Priority Debt Parties, and each additional Second Priority Representative and Senior Representative that from time to time becomes a
party thereto pursuant to Section 8.09 thereof. In the event of any conflict between the terms of the First Lien/Second Lien Intercreditor Agreement and the terms of this Agreement, the terms of the First Lien/Second Lien Intercreditor
Agreement shall govern.” 
 (b) In the event that the Senior Collateral Agent or the Senior Secured Parties enter into any
amendment, waiver or consent in respect of any of the Senior Collateral Documents for the purpose of adding to or deleting from, or waiving or consenting to any departures from any provisions of, any Senior Collateral Document or changing in any
manner the rights of the Senior Collateral Agent, the Senior Secured Parties, Holdings, the Borrower or any other Grantor thereunder (including the release of any Liens in Senior Collateral), then such amendment, waiver or consent shall apply
automatically to any comparable provision of the comparable Second Priority Collateral Documents without the consent of any Second Priority Representative or any Second Priority Debt Party and without any action by any Second Priority
Representative, Holdings, the Borrower or any other Grantor; provided, however, that written notice of such amendment, waiver or consent shall have been given to each Second Priority Representative within 10 Business Days after the
effectiveness of such amendment, waiver or consent. 

  
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 SECTION 5.03. Rights as Unsecured Creditors. Notwithstanding anything to the contrary
in this Agreement, the Second Priority Representatives and the Second Priority Debt Parties may exercise rights and remedies as unsecured creditors to the extent not inconsistent with this Agreement against Holdings, the Borrower and any other
Grantor and in accordance with the terms of the Second Priority Debt Documents and applicable law. Nothing in this Agreement shall prohibit the receipt by any Second Priority Representative or any Second Priority Debt Party of the required payments
of principal, premium, interest, fees and other amounts due under the Second Priority Debt Documents so long as such receipt is not the direct or indirect result of the exercise by a Second Priority Representative or any Second Priority Debt Party
of rights or remedies as a secured creditor in respect of Shared Collateral. In the event any Second Priority Representative or any Second Priority Debt Party becomes a judgment lien creditor in respect of Shared Collateral as a result of its
enforcement of its rights as an unsecured creditor in respect of Second Priority Debt Obligations, such judgment lien shall be subordinated to the Liens securing Senior Obligations on the same basis as the other Liens securing the Second Priority
Debt Obligations are so subordinated to such Liens securing Senior Obligations under this Agreement. Nothing in this Agreement shall impair or otherwise adversely affect any rights or remedies the Senior Collateral Agent, the Senior Representatives
or the Senior Secured Parties may have with respect to the Senior Collateral. 
 SECTION 5.04. Gratuitous Bailee for
Perfection. (a) The Senior Collateral Agent acknowledges and agrees that if it shall at any time hold a Lien securing any Senior Obligations on any Shared Collateral that can be perfected by the possession or control of such Shared
Collateral or of any account in which such Shared Collateral is held, and if such Shared Collateral or any such account is in fact in the possession or under the control of the Senior Collateral Agent, or of agents or bailees of the Senior
Collateral Agent (such Shared Collateral being referred to herein as the “Pledged or Controlled Collateral”), or if it shall any time obtain any landlord waiver or bailee’s letter or any similar agreement or arrangement
granting it rights or access to Shared Collateral, the Senior Collateral Agent shall also hold such Pledged or Controlled Collateral, or take such actions with respect to such landlord waiver, bailee’s letter or similar agreement or
arrangement, as sub-agent or gratuitous bailee for the relevant Second Priority Representatives, in each case solely for the purpose of perfecting the Liens granted under the relevant Second Priority Collateral Documents and subject to the terms and
conditions of this Section 5.04. 
 (b) Except as otherwise specifically provided herein, until the Discharge of Senior
Obligations has occurred, the Senior Collateral Agent shall be entitled to deal with the Pledged or Controlled Collateral in accordance with the terms of the Senior Debt Documents as if the Liens under the Second Priority Collateral Documents did
not exist. The rights of the Second Priority Representatives and the Second Priority Debt Parties with respect to the Pledged or Controlled Collateral shall at all times be subject to the terms of this Agreement. 

(c) The Senior Collateral Agent shall have no obligation whatsoever to the Second Priority Representatives or any Second Priority Debt
Party to assure that any 

  
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of the Pledged or Controlled Collateral is genuine or owned by the Grantors or to protect or preserve rights or benefits of any Person or any rights pertaining to the Shared Collateral, except as
expressly set forth in this Section 5.04. The duties or responsibilities of the Senior Collateral Agent under this Section 5.04 shall be limited solely to holding or controlling the Shared Collateral and the related Liens referred to in
paragraphs (a) and (b) of this Section 5.04 as subagent and gratuitous bailee for the relevant Second Priority Representative for purposes of perfecting the Lien held by such Second Priority Representative. 

(d) The Senior Collateral Agent shall not have by reason of the Second Priority Collateral Documents or this Agreement, or any other
document, a fiduciary relationship in respect of any Second Priority Representative or any Second Priority Debt Party, and each, Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority
Debt Facility, hereby waives and releases the Senior Collateral Agent from all claims and liabilities arising pursuant to the Senior Collateral Agent’s role under this Section 5.04 as sub-agent and gratuitous bailee with respect to the
Shared Collateral. 
 (e) Upon the Discharge of Senior Obligations, the Senior Collateral Agent shall, at the Grantors’
sole cost and expense, as the case may be, (i) deliver to the Designated Second Priority Representative, to the extent that it is legally permitted to do so, all Shared Collateral, including all proceeds thereof, held or controlled by the
Senior Collateral Agent or any of its agents or bailees, including the transfer of possession and control, as applicable, of the Pledged or Controlled Collateral, together with any necessary endorsements and notices to depositary banks, securities
intermediaries and commodities intermediaries, and assign its rights under any landlord waiver or bailee’s letter or any similar agreement or arrangement granting it rights or access to Shared Collateral, or (ii) direct and deliver such
Shared Collateral as a court of competent jurisdiction may otherwise direct. Holdings, the Borrower and the other Grantors shall take such further action as is required to effectuate the transfer contemplated hereby and shall indemnify the Senior
Collateral Agent for loss or damage suffered by the Senior Collateral Agent as a result of such transfer, except for loss or damage suffered by the Senior Collateral Agent as a result of its own wilful misconduct, gross negligence or bad faith. The
Senior Collateral Agent has no obligation to follow instructions from the Designated Second Priority Representative in contravention of this Agreement. 
 (f) Neither the Senior Collateral Agent nor any of the Senior Representatives or Senior Secured Parties shall be required to marshal any present or future collateral security for any obligations of
Holdings, the Borrower or any Subsidiary to the Senior Collateral Agent, any Senior Representative or any Senior Secured Party under the Senior Debt Documents or any assurance of payment in respect thereof, or to resort to such collateral security
or other assurances of payment in any particular order, and all of their rights in respect of such collateral security or any assurance of payment in respect thereof shall be cumulative and in addition to all other rights, however existing or
arising. 

  
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 SECTION 5.05. When Discharge of Senior Obligations Deemed to Not Have Occurred. If,
at any time after the Discharge of Senior Obligations has occurred, Holdings, the Borrower or any Subsidiary incurs any Senior Obligations (other than in respect of the payment of indemnities surviving the Discharge of Senior Obligations), then such
Discharge of Senior Obligations shall automatically be deemed not to have occurred for all purposes of this Agreement (other than with respect to any actions taken prior to the date of such designation as a result of the occurrence of such first
Discharge of Senior Obligations) and the applicable agreement governing such Senior Obligations shall automatically be treated as a Senior Debt Document for all purposes of this Agreement, including for purposes of the Lien priorities and rights in
respect of Shared Collateral set forth herein and the granting by the Senior Collateral Agent of amendments, waivers and consents hereunder and the agent, representative or trustee for the holders of such Senior Obligations shall be the Senior
Collateral Agent for all purposes of this Agreement. Upon receipt of notice of such incurrence (including the identity of the new Senior Collateral Agent), each Second Priority Representative (including the Designated Second Priority Representative)
shall promptly (a) enter into such documents and agreements (at the expense of the Borrower), including amendments or supplements to this Agreement, as the Borrower or such new Senior Collateral Agent shall reasonably request in writing in
order to provide the new Senior Collateral Agent the rights of the Senior Collateral Agent contemplated hereby, (b) deliver to the Senior Collateral Agent, to the extent that it is legally permitted to do so, all Shared Collateral, including
all proceeds thereof, held or controlled by such Second Priority Representative or any of its agents or bailees, including the transfer of possession and control, as applicable, of the Pledged or Controlled Collateral, together with any necessary
endorsements and notices to depositary banks, securities intermediaries and commodities intermediaries, and assign its rights under any landlord waiver or bailee’s letter or any similar agreement or arrangement granting it rights or access to
Shared Collateral, (c) notify any applicable insurance carrier that it is no longer entitled to be a loss payee or additional insured under the insurance policies of any Grantor issued by such insurance carrier and (d) notify any
governmental authority involved in any condemnation or similar proceeding involving a Grantor that the new Senior Collateral Agent is entitled to approve any awards granted in such proceeding. 

ARTICLE VI 

Insolvency or Liquidation Proceedings. 
 SECTION 6.01. Financing Issues. Until the Discharge of Senior Obligations has occurred, if Holdings, the Borrower or any other Grantor shall be subject to any Insolvency or Liquidation Proceeding
and the Senior Collateral Agent, any Senior Representative or any Senior Secured Party shall desire to consent (or not object) to the sale, use or lease of cash or other collateral or to consent (or not object) to Holdings’, the Borrower’s
or any other Grantor’s obtaining financing under Section 363 or Section 364 of Title 11 of the United States Code or any similar provision of any other Bankruptcy Law (“DIP Financing”), then each Second Priority
Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, agrees that it will raise no objection to and will not otherwise contest such sale, use or lease of

  
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such cash or other collateral or such DIP Financing and, except to the extent permitted by the provisos in clause (ii) of Section 3.01(a) and Section 6.04, will not request
adequate protection or any other relief in connection therewith and, to the extent the Liens securing the Senior Obligations under the Credit Agreement or, if no Credit Agreement exists, under the other Senior Debt Documents are subordinated or pari
passu with such DIP Financing, will subordinate (and will be deemed hereunder to have subordinated) its Liens in the Shared Collateral to (a) such DIP Financing (and all obligations relating thereto) on the same basis as the Liens securing the
Second Priority Debt Obligations are so subordinated to Liens securing Senior Obligations under this Agreement and (b) to any “carve-out” for professional and United States Trustee fees agreed to by the Senior Collateral Agent or the
Senior Representatives; provided that (x) such DIP Financing shall not result in the voiding of the Liens under the Second Priority Debt Documents on the Shared Collateral securing the Second Priority Debt Obligations, which Liens shall
remain subject to the priority requirements described herein vis-à-vis the Liens securing the Senior Obligations (it being understood that any reduction in the value of the Liens under the Second Priority Debt Parties by virtue of the mere
existence of the DIP Financing and the priority Lien securing the obligations thereunder shall not be deemed to void the Liens under the Second Priority Debt Parties for purposes of this clause (x)), and (y) all Liens on Shared Collateral
securing any such DIP Financing shall be senior to or on parity with the Liens under the Senior Collateral Documents on the Collateral securing the Senior Obligations and senior to the Liens under the Second Priority Debt Documents on the Collateral
securing the Second Priority Debt Obligations. 
 SECTION 6.02. Relief from the Automatic Stay. Until the Discharge of
Senior Obligations has occurred, each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, agrees (a) that none of them shall seek relief from the automatic stay or
any other stay in any Insolvency or Liquidation Proceeding or take any action in derogation thereof, in each case in respect of any Shared Collateral, without the prior written consent of the Senior Collateral Agent, (b) that none of them will
raise objection to (and will not otherwise contest) any motion for relief from the automatic stay or from any injunction against foreclosure or enforcement in respect of Senior Obligations made by the Senior Collateral Agent, any Senior
Representative or any other Senior Secured Party and (c) that none of them will raise objection to (and will not otherwise contest) any other request for judicial relief made in any court by any Senior Secured Party relating to the lawful
enforcement of any Lien on Senior Collateral. 
 SECTION 6.03. Sale of Collateral. (a) The Second Priority
Representative, as holder of a Lien on the Collateral and on behalf of the Second Priority Debt Parties, agrees that (i) it will raise no objection to (and will not otherwise contest) any lawful exercise by any Senior Secured Party of the right
to credit bid Senior Obligations at any sale or foreclosure of Senior Collateral and (ii) it will be deemed to have consented to (and will not otherwise contest or oppose) any order relating to a sale or other disposition of assets of any
Grantor for which the Senior Collateral Agent has consented so long as such order provides that, to the extent such sale or other disposition is to be free and clear of Liens, the Liens securing the Senior Obligations and the Second Priority Debt
Obligations will attach to any proceeds of the sale on the same basis of 

  
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priority as the Liens on the Shared Collateral securing the Senior Obligations rank to the Liens on the Shared Collateral securing the Second Priority Debt Obligations pursuant to this Agreement.

 (b) Without prejudice to the enforcement of the Senior Debt Parties’ remedies, prior to the discharge of Senior
Obligations, the Senior Debt Parties agree that at any time following an acceleration of the Senior Obligations in accordance with the terms of the Senior Debt Documents, the Second Priority Debt Parties shall have the option to purchase, all but
not less than all, of the aggregate amount of Senior Obligations outstanding at the time of purchase at par, without warranty or representation or recourse. The Second Priority Debt Parties desiring to exercise such option to purchase all of the
Senior Obligations shall deliver a notice (the “Purchase Notice”) to the Senior Collateral Agent that (i) is executed by all Second Priority Debt Parties, (ii) states that each such Second Priority Debt Party is
irrevocably electing to purchase, in accordance with this Section 6.03(b), the percentage of all of the Senior Obligations set forth in the Purchase Notice (which percentages for all such Second Priority Debt Parties must aggregate exactly 100%
of all outstanding Senior Obligations), (iii) includes a representation and warranty by such Second Priority Debt Parties that the Purchase Notice is in conformity with the Senior Debt Documents and any other binding agreement among the Senior
Secured Parties, and (iv) designates a purchase date on which the purchase will occur, which date shall be (x) at least five but not more than 15 Business Days after the Senior Collateral Agent’s receipt of the Purchase Notice and
(y) not more than 60 days after the acceleration of the Senior Obligations in accordance with the terms of the Senior Debt Documents. A Purchase Notice will be ineffective if it is received by the Senior Collateral Agent after the occurrence
giving rise to the acceleration of the Senior Obligations is waived, cured or otherwise ceases to exist. Upon the Senior Collateral Agent’s receipt of an effective Purchase Notice conforming to this Section 6.03(b), the Second Priority
Debt Parties will be irrevocably obligated to purchase, and the Senior Secured Parties will be irrevocably obligated to sell, the Senior Obligations in accordance with and subject to this Section 6.03(b), pursuant to documentation mutually
acceptable to each of the Senior Collateral Agent and the Second Priority Designated Representative. Each Senior Secured Party will retain all rights to indemnification provided in the relevant Senior Debt Documents for all claims and other amounts
relating to periods prior to the purchase of the Senior Obligations pursuant to this Section 6.03(b). If the Second Priority Debt Parties do not deliver a Purchase Notice in accordance with this Section within 60 days after the acceleration of
the Senior Obligations in accordance with the terms of the Senior Debt Documents, the Senior Debt Parties shall have no further obligations pursuant to this clause and may take any further actions in their sole discretion in accordance with the
Senior Debt Documents and this Agreement. 
 SECTION 6.04. Adequate Protection. Each Second Priority Representative, for
itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, agrees that none of them shall object, contest or support any other Person objecting to or contesting (a) any request by the Senior Collateral
Agent, the Senior Representatives or the Senior Secured Parties for adequate protection, (b) any objection by the Senior Collateral Agent, the Senior Representatives or the Senior Secured Parties to any motion, relief, action or proceeding
based on the Senior Collateral 

  
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Agent’s or any Senior Representative’s or Senior Secured Party’s claiming a lack of adequate protection or (c) the payment of interest, fees, expenses or other amounts of the
Senior Collateral Agent, any Senior Representative or any other Senior Secured Party under Section 506(b) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law. Notwithstanding anything contained in this Section 6.04
or in Section 6.01, in any Insolvency or Liquidation Proceeding, (i) if the Senior Secured Parties (or any subset thereof) are granted adequate protection in the form of additional collateral in connection with any DIP Financing or use of
cash collateral under Section 363 or 364 of the Bankruptcy Code or any similar provision of any other Bankruptcy Law and the Senior Collateral Agent and the other Senior Secured Parties do not object to the adequate protection being provided to
the Senior Secured Parties, then each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, may seek or request adequate protection in the form of a replacement Lien on
such additional collateral, which Lien is subordinated to the Liens securing the Senior Obligations and such DIP Financing (and all obligations relating thereto) on the same basis as the other Liens securing the Second Priority Debt Obligations are
so subordinated to the Liens securing Senior Obligations under this Agreement and (ii) in the event any of the Second Priority Representatives, for themselves and on behalf of the Second Priority Debt Parties under their Second Priority Debt
Facilities, seek or request adequate protection and such adequate protection is granted in the form of additional collateral, then such Second Priority Representatives, for themselves and on behalf of each Second Priority Debt Party under their
Second Priority Debt Facilities, agree that the Senior Collateral Agent shall also be granted a senior Lien on such additional collateral as security for the Senior Obligations and any such DIP Financing and that any Lien on such additional
collateral securing the Second Priority Debt Obligations shall be subordinated to the Liens on such collateral securing the Senior Obligations and any such DIP Financing (and all obligations relating thereto) and any other Liens granted to the
Senior Secured Parties as adequate protection on the same basis as the other Liens securing the Second Priority Debt Obligations are so subordinated to such Liens securing Senior Obligations under this Agreement. 

SECTION 6.05. Preference Issues. If any Senior Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise
to disgorge, turn over or otherwise pay any amount to the estate of Holdings, the Borrower or any other Grantor (or any trustee, receiver or similar Person therefor), because the payment of such amount was declared to be fraudulent or preferential
in any respect or for any other reason, any amount (a “Recovery”), whether received as proceeds of security, enforcement of any right of setoff or otherwise, then the Senior Obligations shall be reinstated to the extent of such
Recovery and deemed to be outstanding as if such payment had not occurred and the Senior Secured Parties shall be entitled to a Discharge of Senior Obligations with respect to all such recovered amounts. If this Agreement shall have been terminated
prior to such Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto. Each Second Priority
Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, hereby agrees that none of them shall be entitled to benefit from any avoidance action affecting or otherwise relating to any
distribution or allocation made in accordance with this 

  
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Agreement, whether by preference or otherwise, it being understood and agreed that the benefit of such avoidance action otherwise allocable to them shall instead be allocated and turned over for
application in accordance with the priorities set forth in this Agreement. 
 SECTION 6.06. Separate Grants of Security and
Separate Classifications. Each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, acknowledges and agrees that (a) the grants of Liens pursuant to the Senior
Collateral Documents and the Second Priority Collateral Documents constitute two separate and distinct grants of Liens and (b) because of, among other things, their differing rights in the Shared Collateral, the Second Priority Debt Obligations
are fundamentally different from the Senior Obligations and must be separately classified in any Chapter 11 plan or similar restructuring plan proposed or adopted in an Insolvency or Liquidation Proceeding. To further effectuate the intent of the
parties as provided in the immediately preceding sentence, if it is held that the claims of the Senior Secured Parties and the Second Priority Debt Parties in respect of the Shared Collateral constitute only one secured claim (rather than separate
classes of senior and junior secured claims), then each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, hereby acknowledges and agrees that all distributions shall
be made as if there were separate classes of senior and junior secured claims against the Grantors in respect of the Shared Collateral (with the effect being that, to the extent that the aggregate value of the Shared Collateral is sufficient (for
this purpose ignoring all claims held by the Second Priority Debt Parties), the Senior Secured Parties shall be entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all
amounts owing in respect of post-petition interest (whether or not allowed or allowable) before any distribution is made in respect of the Second Priority Debt Obligations), with each Second Priority Representative, for itself and on behalf of each
Second Priority Debt Party under its Second Priority Debt Facility, hereby acknowledging and agreeing to turn over to the Senior Collateral Agent amounts otherwise received or receivable by them to the extent necessary to effectuate the intent of
this sentence, even if such turnover has the effect of reducing the claim or recovery of the Second Priority Debt Parties. 

SECTION 6.07. No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein,
prohibit or in any way limit the Senior Collateral Agent, any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Party,
including the seeking by any Second Priority Debt Party of adequate protection or the asserting by any Second Priority Debt Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise. 

SECTION 6.08. Application. This Agreement, which the parties hereto expressly acknowledge is a “subordination agreement”
under Section 510(a) of Title 11 of the United States Code or any similar provision of any other Bankruptcy Law, shall be effective before, during and after the commencement of any Insolvency or Liquidation

  
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Proceeding. The relative rights as to the Shared Collateral and proceeds thereof shall continue after the commencement of any Insolvency or Liquidation Proceeding on the same basis as prior to
the date of the petition therefor, subject to any court order approving the financing of, or use of cash collateral by, any Grantor. All references herein to any Grantor shall include such Grantor as a debtor-in-possession and any receiver or
trustee for such Grantor. 
 SECTION 6.09. Other Matters. To the extent that any Second Priority Representative or any
Second Priority Debt Party has or acquires rights under Section 363 or Section 364 of Title 11 of the United States Code or any similar provision of any other Bankruptcy Law with respect to any of the Shared Collateral, such Second
Priority Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility, agrees not to assert any such rights without the prior written consent of the Senior Collateral Agent, provided that if
requested by the Senior Collateral Agent, such Second Priority Representative shall timely exercise such rights in the manner requested by the Senior Collateral Agent, including any rights to payments in respect of such rights. 

SECTION 6.10. Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized
debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations and the Second Priority Debt Obligations,
then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Second Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the
distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 
 ARTICLE VII 
 Reliance; etc. 

SECTION 7.01. Reliance. The consent by the Senior Secured Parties to the execution and delivery of the Second Priority Debt
Documents to which the Senior Secured Parties have consented and all loans and other extensions of credit made or deemed made on and after the date hereof by the Senior Secured Parties to Holdings, the Borrower or any Subsidiary shall be deemed to
have been given and made in reliance upon this Agreement. Each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility, acknowledges that it and such Second Priority Debt
Parties have, independently and without reliance on the Senior Collateral Agent or any Senior Representative or other Senior Secured Party, and based on documents and information deemed by them appropriate, made their own credit analysis and
decision to enter into the Second Priority Debt Documents to which they are party or by which they are bound, this Agreement and the transactions contemplated hereby and thereby, and they will continue to make their own credit decision in taking or
not taking any action under the Second Priority Debt Documents or this Agreement. 

  
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 SECTION 7.02. No Warranties or Liability. Each Second Priority Representative, on
behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility, acknowledges and agrees that neither the Senior Collateral Agent nor any Senior Representative or other Secured Party has made any express or implied
representation or warranty, including with respect to the execution, validity, legality, completeness, collectibility or enforceability of any of the Senior Debt Documents, the ownership of any Shared Collateral or the perfection or priority of any
Liens thereon. The Senior Secured Parties will be entitled to manage and supervise their respective loans and extensions of credit under the Senior Debt Documents in accordance with law and as they may otherwise, in their sole discretion, deem
appropriate, and the Senior Secured Parties may manage their loans and extensions of credit without regard to any rights or interests that the Second Priority Representatives and the Second Priority Debt Parties have in the Shared Collateral or
otherwise, except as otherwise provided in this Agreement. Neither the Senior Collateral Agent nor any Senior Representative or other Senior Secured Party shall have any duty to any Second Priority Representative or Second Priority Debt Party to act
or refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event of default or default under any agreement with Holdings, the Borrower or any Subsidiary (including the Second Priority Debt Documents),
regardless of any knowledge thereof that they may have or be charged with. Except as expressly set forth in this Agreement, the Senior Collateral Agent, the Senior Representatives, the Senior Secured Parties, the Second Priority Representatives and
the Second Priority Debt Parties have not otherwise made to each other, nor do they hereby make to each other, any warranties, express or implied, nor do they assume any liability to each other with respect to (a) the enforceability, validity,
value or collectibility of any of the Senior Obligations, the Second Priority Debt Obligations or any guarantee or security which may have been granted to any of them in connection therewith, (b) any Grantor’s title to or right to transfer
any of the Shared Collateral or (c) any other matter except as expressly set forth in this Agreement. 
 SECTION 7.03.
Obligations Unconditional. All rights, interests, agreements and obligations of the Senior Collateral Agent, the Senior Representatives, the Senior Secured Parties, the Second Priority Representatives and the Second Priority Debt Parties
hereunder shall remain in full force and effect irrespective of: 
 (a) any lack of validity or enforceability of any Senior
Debt Document or any Second Priority Debt Document; 
 (b) any change in the time, manner or place of payment of, or in any
other terms of, all or any of the Senior Obligations or Second Priority Debt Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the
Credit Agreement or any other Senior Debt Document or of the terms of any Second Priority Debt Document; 
 (c) any exchange of
any security interest in any Shared Collateral or any other collateral or any amendment, waiver or other modification, whether in writing or by 

  
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course of conduct or otherwise, of all or any of the Senior Obligations or Second Priority Debt Obligations or any guarantee thereof; 

(d) the commencement of any Insolvency or Liquidation Proceeding in respect of Holdings, the Borrower or any other Grantor; or

 (e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) Holdings, the
Borrower or any other Grantor in respect of the Senior Obligations or (ii) any Second Priority Representative or Second Priority Debt Party in respect of this Agreement. 
 ARTICLE VIII 
 Miscellaneous 

SECTION 8.01. Conflicts. In the event of any conflict between the provisions of this Agreement and the provisions of any Senior
Debt Document or any Second Priority Debt Document, the provisions of this Agreement shall govern. 
 SECTION 8.02.
Continuing Nature of this Agreement; Severability. Subject to Section 5.05, this Agreement shall continue to be effective until the Discharge of Senior Obligations shall have occurred. This is a continuing agreement of Lien
subordination, and the Senior Secured Parties may continue, at any time and without notice to the Second Priority Representatives or any Second Priority Debt Party, to extend credit and other financial accommodations and lend monies to or for the
benefit of Holdings, the Borrower or any Subsidiary constituting Senior Obligations in reliance hereon. The terms of this Agreement shall survive and continue in full force and effect in any Insolvency or Liquidation Proceeding. Any provision of
this Agreement that is prohibited or unenforceable in any jurisdiction shall not invalidate the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid,
illegal or unenforceable provisions. 
 SECTION 8.03. Amendments; Waivers. (a) No failure or delay on the part of
any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power,
preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any
provision of this Agreement or consent to any departure by any party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the
specific instance and for the purpose for which given. No notice or demand on any party hereto in any case shall entitle such party to any other or further notice or demand in similar or other circumstances. 

  
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 (b) The Majority Senior Parties (or the Senior Collateral Agent acting with the approval of
the Majority Senior Parties) and the Second Priority Instructing Group (and with respect to any such amendment, supplement or waiver (i) which by the terms of this Agreement requires the Borrower’s consent or which increases the
obligations or reduces the rights of Holdings, the Borrower or any Grantor, with the consent of the Borrower, (ii) which by the terms of this Agreement requires the consent of any Second Priority Representative or which increases the
obligations or reduces the rights of a Second Priority Representative, with the consent of such Second Priority Representative, (iii) which by its terms adversely affects the rights of the Second Priority Debt Parties under a particular Second
Priority Debt Facility, in a manner materially different from its effect on the other Second Priority Debt Facilities, with the consent of the Representative for such Second Priority Debt Facility and (iv) which by its terms adversely affects
the rights of the Senior Secured Parties under a particular Senior Debt Facility in a manner materially different from its effect on the other Senior Debt Facilities, with the consent of the Representative for such Senior Debt Facility) may from
time to time amend, supplement or waive any provision hereof. Any such amendment, supplement or waiver shall be in writing and shall be binding upon the Senior Secured Parties and the Second Priority Debt Parties and their respective successors and
assigns. 
 (c) Notwithstanding the foregoing, without the consent of any Secured Party, any Representative may become a party
hereto by execution and delivery of a Joinder Agreement in accordance with Section 8.09 of this Agreement and upon such execution and delivery, such Representative and the Secured Parties and Senior Obligations or Second Priority Debt
Obligations of the Debt Facility for which such Representative is acting shall be subject to the terms hereof. 
 SECTION 8.04.
Information Concerning Financial Condition of Holdings, the Borrower and the Subsidiaries. The Senior Collateral Agent, the Senior Representatives, the Senior Secured Parties, the Second Priority Representatives and the Second Priority Debt
Parties shall each be responsible for keeping themselves informed of (a) the financial condition of Holdings, the Borrower and the Subsidiaries and all endorsers or guarantors of the Senior Obligations or the Second Priority Debt Obligations
and (b) all other circumstances bearing upon the risk of nonpayment of the Senior Obligations or the Second Priority Debt Obligations. The Senior Collateral Agent, the Senior Representatives, the Senior Secured Parties, the Second Priority
Representatives and the Second Priority Debt Parties shall have no duty to advise any other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that the Senior Collateral
Agent, any Senior Representative, any Senior Secured Party, any Second Priority Representative or any Second Priority Debt Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to any other party,
it shall be under no obligation to (i) make, and the Senior Collateral Agent, the Senior Representatives, the Senior Secured Parties, the Second Priority Representatives and the Second Priority Debt Parties shall not make or be deemed to have
made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided, (ii) provide any additional information or to provide any such
information on any subsequent occasion, (iii) undertake any investigation or (iv) disclose 

  
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any information that, pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain confidential. 

SECTION 8.05. Subrogation. Each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its
Second Priority Debt Facility, hereby waives any rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of Senior Obligations has occurred. 

SECTION 8.06. Application of Payments. Except as otherwise provided herein, all payments received by the Senior Secured Parties
may be applied, reversed and reapplied, in whole or in part, to such part of the Senior Obligations as the Senior Secured Parties, in their sole discretion, deem appropriate, consistent with the terms of the Senior Debt Documents. Except as
otherwise provided herein, each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility, assents to any such extension or postponement of the time of payment of the Senior
Obligations or any part thereof and to any other indulgence with respect thereto, to any substitution, exchange or release of any security that may at any time secure any part of the Senior Obligations and to the addition or release of any other
Person primarily or secondarily liable therefor. 
 SECTION 8.07. Additional Grantors. The Grantors agree that, if any
Person shall become a Grantor after the date hereof, it will promptly cause such Person to become party hereto by executing and delivering an instrument in the form of Annex II. Upon such execution and delivery, such Person will become a Grantor
hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of such instrument shall not require the consent of any other party hereunder, and will be acknowledged by the Designated Second Priority
Representative and the Senior Collateral Agent. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement. 

SECTION 8.08. Dealings with Grantors. Upon any application or demand by Holdings, the Borrower or any Grantor to the Senior
Collateral Agent, the Majority Senior Parties, the Second Priority Instructing Group or the Designated Second Priority Representative to take or permit any action under any of the provisions of this Agreement or under any Collateral Document (if
such action is subject to the provisions hereof), Holdings, the Borrower or such Grantor, as appropriate, shall furnish to the Designated Second Priority Representative or the Senior Collateral Agent a certificate of an appropriate officer ( an
“Officer’s Certificate”) stating that all conditions precedent, if any, provided for in this Agreement or such Collateral Document, as the case may be, relating to the proposed action have been complied with, except that in the
case of any such application or demand as to which the furnishing of such documents is specifically required by any provision of this Agreement or any Collateral Document relating to such particular application or demand, no additional certificate
or opinion need be furnished. 

  
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 SECTION 8.09. Additional Debt Facilities. (a) To the extent, but only to the
extent, permitted by the provisions of the Senior Debt Documents and the Second Priority Debt Documents, Holdings, the Borrower and the other Grantors may incur or issue and sell one or more series or classes of Second Priority Debt and one or more
series or classes of Additional Senior Debt. Any such additional class or series of Second Priority Debt (the “Second Priority Class Debt”) may be secured by a second priority, subordinated Lien on Shared Collateral, in each case
under and pursuant to the relevant Second Priority Collateral Documents for such Second Priority Class Debt, if and subject to the condition that the Representative of any such Second Priority Class Debt (each, a “Second Priority
Class Debt Representative”), acting on behalf of the holders of such Second Priority Class Debt (such Representative and holders in respect of any Second Priority Class Debt being referred to as the “Second Priority
Class Debt Parties”), becomes a party to this Agreement by satisfying conditions (i) through (v), as applicable, of Section 8.09(b). Any such additional class or series of Senior Facilities (the “Senior Class
Debt”; and the Senior Class Debt and Second Priority Class Debt, collectively, the “Class Debt”) may be secured by a senior Lien on Shared Collateral, in each case under and pursuant to the Senior Collateral
Documents, if and subject to the condition that the Representative of any such Senior Class Debt (each, a “Senior Class Debt Representative”; and the Senior Class Debt Representatives and Second Priority Class Debt
Representatives, collectively, the “Class Debt Representatives”), acting on behalf of the holders of such Senior Class Debt (such Representative and holders in respect of any such Senior Class Debt being referred to as
the “Senior Class Debt Parties; and the Senior Class Debt Parties and Second Priority Class Debt Parties, collectively, the “Class Debt Parties”), becomes a party to this Agreement by satisfying the
conditions set forth in clauses (i) through (v), as applicable, of Section 8.09(b). 
 (b) In order for a Class Debt
Representative to become a party to this Agreement: 
 (i) such Class Debt Representative shall have executed and
delivered a Joinder Agreement substantially in the form of Annex III (if such Representative is a Second Priority Class Debt Representative) or Annex IV (if such Representative is a Senior Class Debt Representative) (with such changes as may be
reasonably approved by the Senior Collateral Agent and such Class Debt Representative) pursuant to which it becomes a Representative hereunder, and the Class Debt in respect of which such Class Debt Representative is the Representative and the
related Class Debt Parties become subject hereto and bound hereby; 
 (ii) the Borrower shall have delivered to
the Senior Collateral Agent and the Designated Second Priority Representative true and complete copies of each of the Second Priority Debt Documents or Senior Debt Documents, as applicable, relating to such Class Debt, certified as being true and
correct by the Responsible Officer of the Borrower; 
 (iii) in the case of any Second Priority Class Debt, all
filings, recordations and/or amendments or supplements to the Second Priority Collateral Documents 

  
 32 

 
necessary or desirable in the opinion of the Designated Second Priority Representative to confirm and perfect the second priority Liens securing the relevant Second Priority Debt Obligations
relating to such Class Debt shall have been made, executed and/or delivered (or, with respect to any such filings or recordations, acceptable provisions to perform such filings or recordings have been taken in the reasonable judgment of the
Designated Second Priority Representative), and all fees and taxes in connection therewith shall have been paid (or acceptable provisions to make such payments have been taken in the reasonable judgment of the Collateral Agent); 

(iv) in the case of any Senior Class Debt, all filings, recordations and/or amendments or supplements to the Senior
Collateral Documents necessary or desirable in the opinion of the Senior Collateral Agent to confirm and perfect the senior Liens securing the relevant Senior Obligations relating to such Class Debt shall have been made, executed and/or delivered
(or, with respect to any such filings or recordations, acceptable provisions to perform such filings or recordings have been taken in the reasonable judgment of the Senior Collateral Agent), and all fees and taxes in connection therewith shall have
been paid; and 
 (v) the Second Priority Debt Documents or Senior Debt Documents, as applicable, relating to
such Class Debt shall provide, in a manner reasonably satisfactory to the Senior Collateral Agent and the Designated Second Priority Representative, that each Class Debt Party with respect to such Class Debt will be subject to and bound by the
provisions of this Agreement in its capacity as a holder of such Class Debt. 
 SECTION 8.10. Consent to Jurisdiction;
Waivers. The Senior Collateral Agent and each Representative, on behalf of itself and the Secured Parties of the Debt Facility for which it is acting, irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the Collateral
Documents, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern District of New York, and
appellate courts from any thereof; 
 (b) consents that any such action or proceeding may be brought in such
courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same;

 (c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof
by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person (or its Representative) at the address referred to in Section 8.11; 

  
 33 

 (d) agrees that nothing herein shall affect the right of any other party
hereto (or any Secured Party) to effect service of process in any other manner permitted by law; and 
 (e)
waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section 8.10 any special, exemplary, punitive or consequential damages. 

SECTION 8.11. Notices. All notices, requests, demands and other communications provided for or permitted hereunder shall be in
writing and shall be sent: 
 (i) if to Holdings, the Borrower or any other Grantor, to the Borrower, at at 1100
San Leandro Blvd., Suite 400, San Leandro, CA 94577, Attention of William Porter (Tel No. 510-875-7229, Fax No. 510-352-6480); 
 (ii) if to the Initial Second Priority Representative to it at Wilmington Trust, National Association, 50 South Sixth Street, Suite 1290, Minneapolis, MN 55402, Attention of Renee Kuhl (Fax No.:
612-217-5651, email: rkuhl@wilmingtontrust.com); 
 (iii) if to the original Senior Collateral Agent or the
Administrative Agent, to it at JPMorgan Chase Bank, N.A., Loan and Agency Services Group, 500 Stanton Christiana Road, Ops 2, Newark, DE 19713, Attention of Jonathan Krepol (Tel No.: 302-634-1112, Fax No.: 302-634-3301), with a copy to JPMorgan
Chase Bank, N.A., 383 Madison Avenue, New York, New York 10179, Attention of Robert D. Bryant (Tel No.: 212-270-6539, Fax No.: 212-270-5100); 
 (iv) if to any other Second Priority Representative or Senior Representative, to it at the address specified by it in the Joinder Agreement delivered by it pursuant to Section 8.09. 

Unless otherwise specifically provided herein, any notice or other communication herein required or permitted to be given shall be in writing and, may be
personally served, telecopied, electronically mailed or sent by courier service or U.S. mail and shall be deemed to have been given when delivered in person or by courier service, upon receipt of a telecopy or electronic mail or upon receipt via
U.S. mail (registered or certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of the parties hereto shall be as set forth above or, as to each party, at such other address as may be designated by such party
in a written notice to all of the other parties. As agreed to in writing among the Senior Collateral Agent and each Representative from time to time, notices and other communications may also be delivered by e-mail to the e-mail address of a
representative of the applicable person provided from time to time by such person. 
 SECTION 8.12. Further Assurances.
Each of the Senior Collateral Agent, on behalf of itself and each Senior Secured Party, and each Second Party Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility, agrees that it will take
such further action and shall execute and 

  
 34 

 
deliver such additional documents and instruments (in recordable form, if requested) as the other parties hereto may reasonably request to effectuate the terms of, and the Lien priorities
contemplated by, this Agreement. 
 SECTION 8.13. GOVERNING LAW; WAIVER OF JURY TRIAL. (A) THIS AGREEMENT
SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS, EXCEPT AS REQUIRED BY MANDATORY PROVISIONS OF LAW. 

(B) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND FOR
ANY COUNTERCLAIM THEREIN. 
 SECTION 8.14. Binding on Successors and Assigns. This Agreement shall be binding upon
the Senior Collateral Agent, the Senior Representatives, the Senior Secured Parties, the Second Priority Representatives, the Second Priority Debt Parties, Holdings, the Borrower, the other Grantors party hereto and their respective successors and
assigns. 
 SECTION 8.15. Section Titles. The section titles contained in this Agreement are and shall be without
substantive meaning or content of any kind whatsoever and are not a part of this Agreement. 
 SECTION 8.16.
Counterparts. This Agreement may be executed in one or more counterparts, including by means of facsimile, each of which shall be an original and all of which shall together constitute one and the same document. Delivery of an executed
signature page to this Agreement by facsimile or other electronic transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 
 SECTION 8.17. Authorization. By its signature, each Person executing this Agreement on behalf of a party hereto represents and warrants to the other parties hereto that it is duly authorized to
execute this Agreement. The Senior Collateral Agent represents and warrants that this Agreement is binding upon the Credit Agreement Secured Parties. The Initial Second Priority Representative represents and warrants that this Agreement is binding
upon the Initial Second Priority Debt Parties. 
 SECTION 8.18. No Third Party Beneficiaries; Successors and Assigns. The
lien priorities set forth in this Agreement and the rights and benefits hereunder in respect of such lien priorities shall inure solely to the benefit of the Senior Collateral Agent, the Senior Representatives, the Senior Secured Parties, the Second
Priority Representatives and the Second Priority Debt Parties, and their respective permitted successors and assigns, and no other Person (including the Grantors, or any trustee, receiver, debtor in possession or bankruptcy estate in a bankruptcy or
like proceeding) shall have or be entitled to assert such rights. 

  
 35 

 SECTION 8.19. Effectiveness. This Agreement shall become effective when executed and
delivered by the parties hereto. 
 SECTION 8.20. Senior Collateral Agent. It is understood and agreed that (a) the
Senior Collateral Agent is entering into this Agreement in (i) its capacities as Administrative Agent under the Credit Agreement and the provisions of Article VIII of the Credit Agreement applicable to it as administrative agent thereunder
shall also apply to it as Senior Collateral Agent hereunder and (ii) its capacity as collateral agent under the Pari Passu Intercreditor Agreement (if applicable), and the provisions of Article IV of the Pari Passu Intercreditor Agreement
applicable to it as collateral agent thereunder shall also apply to it as Senior Collateral Agent hereunder and (b) the Initial Second Priority Representative is entering into this Agreement in its capacity as Representative for the Initial
Second Priority Debt Parties and the provisions of Article VIII of the Initial Second Priority Credit Agreement applicable to it as administrative agent thereunder shall also apply to it as Representative for the Initial Second Priority Debt
Parties hereunder. 
 SECTION 8.21. Relative Rights. Notwithstanding anything in this Agreement to the contrary (except
to the extent contemplated by Section 5.01(a), 5.01(d) or 5.02(b)), nothing in this Agreement is intended to or will (a) amend, waive or otherwise modify the provisions of the Credit Agreement, any other Senior Debt Document or any Second
Priority Debt Documents, or permit Holdings, the Borrower or any Grantor to take any action, or fail to take any action, to the extent such action or failure would otherwise constitute a breach of, or default under, the Credit Agreement or any other
Senior Debt Document or any Second Priority Debt Documents, (b) change the relative priorities of the Senior Obligations or the Liens granted under the Senior Collateral Documents on the Shared Collateral (or any other assets) as among the
Senior Secured Parties, (c) otherwise change the relative rights of the Senior Secured Parties in respect of the Shared Collateral as among such Senior Secured Parties or (d) obligate Holdings, the Borrower or any Grantor to take any
action, or fail to take any action, that would otherwise constitute a breach of, or default under, the Credit Agreement or any other Senior Debt Document or any Second Priority Debt Document. 

SECTION 8.22. Survival of Agreement. All covenants, agreements, representations and warranties made by any party in this Agreement
shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written. 

  
 36 

 
					
	JPMORGAN CHASE BANK, N.A., as Administrative Agent and Senior Collateral Agent,
			
		 	by	 	 
		 		 	Name:
		 		 	Title:
			
		 	by	 	 
		 		 	Name:
		 		 	Title:

  

					
	TRINET HR CORPORATION,
			
		 	by	 	 
		 		 	Name:
		 		 	Title:

  

					
	TRINET GROUP, INC.,
			
		 	by	 	 
		 		 	Name:
		 		 	Title:

  

					
	THE GRANTORS LISTED ON ANNEX I HERETO,
			
		 	by	 	 
		 		 	Name:
		 		 	Title:

  

					
	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	as Representative of the Initial Second Priority Debt Parties,
			
		 	by	 	 
		 		 	Name:
		 		 	Title:

  
 37 

 ANNEX I 
 Grantors 
 TriNet HR Corporation 

TriNet Group, Inc. 
 TriNet HR V, Inc. 
 210 Park Avenue Holding, Inc. 

Accord Human Resources, Inc. 
 Accord Human Resources 12, Inc. 
 SOI Holdings, Inc. 

Strategic Outsourcing, Inc. 
 Ambrose Employer Group, LLC 

 ANNEX II 

SUPPLEMENT NO. [     ] dated as of
[            ], 20[     ] to the FIRST LIEN/SECOND LIEN INTERCREDITOR AGREEMENT dated as of August 20, 2013, (the “First Lien/Second Lien Intercreditor
Agreement”), among TRINET HR CORPORATION, a California corporation (the “Borrower”), TRINET GROUP, INC., a Delaware corporation, the other Grantors party thereto, JPMORGAN CHASE BANK, N.A., as collateral agent for the
Senior Secured Parties (in such capacity, the “Senior Collateral Agent”) and as Representative for the Credit Agreement Secured Parties, WILMINGTON TRUST, NATIONAL ASSOCIATION, as Representative for the Initial Second Priority Debt
Parties, and each additional Second Priority Representative and Senior Representative that from time to time becomes a party thereto pursuant to Section 8.09 thereof. 
 A. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the First Lien/Second Lien Intercreditor Agreement. 

B. The Grantors have entered into the First Lien/Second Lien Intercreditor Agreement. Pursuant to the Credit Agreement, certain
Additional Senior Debt Documents and certain Second Priority Debt Documents, certain Subsidiaries (as defined in the Credit Agreement) of the Borrower are required to enter into the First Lien/Second Lien Intercreditor Agreement. Section 8.07
of the First Lien/Second Lien Intercreditor Agreement provides that such Subsidiary may become party to the First Lien/Second Lien Intercreditor Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned
Subsidiary (the “New Grantor”) is executing this Supplement in accordance with the requirements of the Credit Agreement, the Second Priority Debt Documents and Additional Senior Debt Documents. 

Accordingly, the Senior Collateral Agent and the New Grantor agree as follows: 

SECTION 1. In accordance with Section 8.07 of the First Lien/Second Lien Intercreditor Agreement, the New Grantor by its signature
below becomes a Grantor under the First Lien/Second Lien Intercreditor Agreement with the same force and effect as if originally named therein as a Grantor, and the New Grantor hereby agrees to all the terms and provisions of the First Lien/Second
Lien Intercreditor Agreement applicable to it as a Grantor thereunder. Each reference to a “Grantor” in the First Lien/Second Lien Intercreditor Agreement shall be deemed to include the New Grantor. The First Lien/Second Lien Intercreditor
Agreement is hereby incorporated herein by reference. 
 SECTION 2. The New Grantor represents and warrants to the Senior
Collateral Agent and the other Secured Parties that this Supplement has been duly 

 
authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. 

SECTION 3. This Supplement may be executed in counterparts, each of which shall constitute an original, but all of which when taken
together shall constitute a single contract. This Supplement shall become effective when the Senior Collateral Agent shall have received a counterpart of this Supplement that bears the signature of the New Grantor. Delivery of an executed signature
page to this Supplement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Supplement. 
 SECTION 4. Except as expressly supplemented hereby, the First Lien/Second Lien Intercreditor Agreement shall remain in full force and effect. 

SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

SECTION 6. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or unenforceable in any
respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining provisions contained herein and in
the First Lien/Second Lien Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 7.
All communications and notices hereunder shall be in writing and given as provided in Section 8.11 of the First Lien/Second Lien Intercreditor Agreement. All communications and notices hereunder to the New Grantor shall be given to it in care
of the Borrower as specified in the First Lien/Second Lien Intercreditor Agreement. 
 SECTION 8. The Borrower agrees to
reimburse the Senior Collateral Agent for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Senior Collateral Agent. 

  
 2 

 IN WITNESS WHEREOF, the New Grantor, and the Senior Collateral Agent have duly executed this
Supplement to the First Lien/Second Lien Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW GRANTOR],
		
	By	 	 
		 	Name:
		 	Title:

  

			
	Acknowledged by:
	
	JPMORGAN CHASE BANK, N.A., as Senior Collateral Agent,

			
		
	By	 	 
		 	Name:
		 	Title:
	
	[             ], as Designated Second Priority Representative,

			
		
	By	 	 
		 	Name:
		 	Title:

  
 3 

 ANNEX III 

[FORM OF] REPRESENTATIVE SUPPLEMENT NO. [     ] dated as of
[            ], 20[     ] to the FIRST LIEN/SECOND LIEN INTERCREDITOR AGREEMENT dated as of August 20, 2013 (the “First Lien/Second Lien Intercreditor
Agreement”), among TRINET HR CORPORATION, a California corporation (the “Borrower”), TRINET GROUP, INC., a Delaware corporation, the other Grantors (as defined therein) party thereto, JPMORGAN CHASE BANK, N.A., as
collateral agent for the Senior Secured Parties (as defined therein) (in such capacity, the “Senior Collateral Agent”) and as Representative for the Credit Agreement Secured Parties, WILMINGTON TRUST, NATIONAL ASSOCIATION, as
Representative for the Initial Second Priority Debt Parties and each additional Second Priority Representative and Senior Representative that from time to time becomes a party thereto pursuant to Section 8.09 thereof. 

A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the First Lien/Second
Lien Intercreditor Agreement. 
 B. As a condition to the ability of the Borrower to incur Second Priority Class Debt and to
secure such Second Priority Class Debt with the Second Priority Lien and to have such Second Priority Class Debt guaranteed by the Grantors on a subordinated basis, in each case under and pursuant to the Second Priority Collateral Documents, the
Second Priority Class Representative in respect of such Second Priority Class Debt is required to become a Representative under, and such Second Priority Class Debt and the Second Priority Class Debt Parties in respect thereof are required to become
subject to and bound by, the First Lien/Second Lien Intercreditor Agreement. Section 8.09 of the First Lien/Second Lien Intercreditor Agreement provides that such Second Priority Class Debt Representative may become a Representative under, and
such Second Priority Class Debt and such Second Priority Class Debt Parties may become subject to and bound by, the First Lien/Second Lien Intercreditor Agreement, pursuant to the execution and delivery by the Second Priority Class Debt
Representative of an instrument in the form of this Representative Supplement and the satisfaction of the other conditions set forth in Section 8.09 of the First Lien/Second Lien Intercreditor Agreement. The undersigned Second Priority Class
Debt Representative (the “New Representative”) is executing this Supplement in accordance with the requirements of the Senior Debt Documents and the Second Priority Debt Documents. 

Accordingly, the Senior Collateral Agent and the New Representative agree as follows: 

SECTION 1. In accordance with Section 8.09 of the First Lien/Second Lien Intercreditor Agreement, the New Representative by its
signature below becomes a Representative under, and the related Second Priority Class Debt and Second Priority Class Debt Parties become subject to and bound by, the First Lien/Second Lien 

 
Intercreditor Agreement with the same force and effect as if the New Representative had originally been named therein as a Representative, and the New Representative, on behalf of itself and such
Second Priority Class Debt Parties, hereby agrees to all the terms and provisions of the First Lien/Second Lien Intercreditor Agreement applicable to it as a Second Priority Representative and to the Second Priority Class Debt Parties that it
represents as Second Priority Debt Parties. Each reference to a “Representative” or “Second Priority Representative” in the First Lien/Second Lien Intercreditor Agreement shall be deemed to include the New
Representative. The First Lien/Second Lien Intercreditor Agreement is hereby incorporated herein by reference. 
 SECTION 2. The
New Representative represents and warrants to the Senior Collateral Agent and the other Secured Parties that (i) it has full power and authority to enter into this Representative Supplement, in its capacity as [agent] [trustee], (ii) this
Representative Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of such Agreement and (iii) the Second Priority Debt
Documents relating to such Second Priority Class Debt provide that, upon the New Representative’s entry into this Agreement, the Second Priority Class Debt Parties in respect of such Second Priority Class Debt will be subject to and bound by
the provisions of the First Lien/Second Lien Intercreditor Agreement as Second Priority Debt Parties. 
 SECTION 3. This
Representative Supplement may be executed in counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Representative Supplement shall become effective when the Senior
Collateral Agent shall have received a counterpart of this Representative Supplement that bears the signature of the New Representative. Delivery of an executed signature page to this Representative Supplement by facsimile transmission shall be
effective as delivery of a manually signed counterpart of this Representative Supplement. 
 SECTION 4. Except as expressly
supplemented hereby, the First Lien/Second Lien Intercreditor Agreement shall remain in full force and effect. 
 SECTION 5.
THIS REPRESENTATIVE SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

SECTION 6. In case any one or more of the provisions contained in this Representative Supplement should be held invalid, illegal or
unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining provisions
contained herein and in the First Lien/Second Lien Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

  
 2 

 SECTION 7. All communications and notices hereunder shall be in writing and given as
provided in Section 8.11 of the First Lien/Second Lien Intercreditor Agreement. All communications and notices hereunder to the New Representative shall be given to it at the address set forth below its signature hereto. 

SECTION 8. The Borrower agrees to reimburse the Senior Collateral Agent for its reasonable out-of-pocket expenses in connection with this
Representative Supplement, including the reasonable fees, other charges and disbursements of counsel for the Senior Collateral Agent. 
 IN WITNESS WHEREOF, the New Representative and the Senior Collateral Agent have duly executed this Representative Supplement to the First Lien/Second Lien Intercreditor Agreement as of the day and year
first above written. 
  

					
	 [NAME OF NEW REPRESENTATIVE], as
 [            ] for the holders of

[                    ],

			
		 	by	 	  

		 		 	Name:
		 		 	Title:

 
					
	
	Address for notices:
		
		 	  

		
		 	  

			
		 	attention of:	 	 
			
		 	Telecopy:	 	  

  

			
	 JPMORGAN CHASE BANK, N.A.,
 as Senior Collateral Agent,

		
	by	 	 
		 	Name:
		 	Title:

  
 3 

					
	Acknowledged by:
	
	TRINET HR CORPORATION,
			
		 	by	 	  

		 		 	Name:
		 		 	Title:
	
	TRINET GROUP, INC.,
			
		 	by	 	  

		 		 	Name:
		 		 	Title:
	
	 THE GRANTORS

LISTED ON SCHEDULE I HERETO,

			
		 	by	 	  

		 		 	Name:
		 		 	Title:

  
 4 

 Schedule I to the 
 Representative Supplement to the 
 First Lien/Second Lien Intercreditor Agreement

 Additional Grantors 
 [     ] 

 ANNEX IV 

[FORM OF] REPRESENTATIVE SUPPLEMENT NO. [ ] dated as of
[            ], 20[ ] to the FIRST LIEN/SECOND LIEN INTERCREDITOR AGREEMENT dated as of August 20, 2013 (the “First Lien/Second Lien Intercreditor Agreement”), among
TRINET HR CORPORATION, a California corporation (the “Borrower”), TRINET GROUP, INC., a Delaware corporation, the other Grantors (as defined therein) party thereto, JPMORGAN CHASE BANK, N.A., as collateral agent for the Senior
Secured Parties (as defined therein) (in such capacity, the “Senior Collateral Agent”) and as Representative for the Credit Agreement Secured Parties, WILMINGTON TRUST, NATIONAL ASSOCIATION, as Representative for the Initial Second
Priority Debt Parties and each additional Second Priority Representative and Senior Representative that from time to time becomes a party thereto pursuant to Section 8.09 thereof. 

A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the First Lien/Second
Lien Intercreditor Agreement. 
 B. As a condition to the ability of the Borrower to incur Senior Class Debt after the date of
the First Lien/Second Lien Intercreditor Agreement and to secure such Senior Class Debt with the Senior Lien and to have such Senior Class Debt guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Senior Collateral
Documents, the Senior Class Debt Representative in respect of such Senior Class Debt is required to become a Representative under, and such Senior Class Debt and the Senior Class Debt Parties in respect thereof are required to become subject to and
bound by, the First Lien/Second Lien Intercreditor Agreement. Section 8.09 of the First Lien/Second Lien Intercreditor Agreement provides that such Senior Class Debt Representative may become a Representative under, and such Senior Class Debt
and such Senior Class Debt Parties may become subject to and bound by, the First Lien/Second Lien Intercreditor Agreement, pursuant to the execution and delivery by the Senior Class Debt Representative of an instrument in the form of this
Representative Supplement and the satisfaction of the other conditions set forth in Section 8.09 of the First Lien/Second Lien Intercreditor Agreement. The undersigned Senior Class Debt Representative (the “New Representative”)
is executing this Supplement in accordance with the requirements of the Senior Debt Documents and the Second Priority Debt Documents. 
 Accordingly, the Senior Collateral Agent and the New Representative agree as follows: 
 SECTION 1. In accordance with Section 8.09 of the First Lien/Second Lien Intercreditor Agreement, the New Representative by its signature below becomes a Representative under, and the related Senior
Class Debt and Senior Class Debt Parties become subject to and bound by, the First Lien/Second Lien Intercreditor Agreement with the same force and effect as if the New Representative had originally been named

 
therein as a Representative, and the New Representative, on behalf of itself and such Senior Class Debt Parties, hereby agrees to all the terms and provisions of the First Lien/Second Lien
Intercreditor Agreement applicable to it as a Senior Representative and to the Senior Class Debt Parties that it represents as Senior Debt Parties. Each reference to a “Representative” or “Senior Representative” in
the First Lien/Second Lien Intercreditor Agreement shall be deemed to include the New Representative. The First Lien/Second Lien Intercreditor Agreement is hereby incorporated herein by reference. 

SECTION 2. The New Representative represents and warrants to the Senior Collateral Agent and the other Secured Parties that (i) it
has full power and authority to enter into this Representative Supplement, in its capacity as [agent] [trustee], (ii) this Representative Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and
binding obligation, enforceable against it in accordance with the terms of such Agreement and (iii) the Senior Debt Documents relating to such Senior Class Debt provide that, upon the New Representative’s entry into this Agreement, the
Senior Class Debt Parties in respect of such Senior Class Debt will be subject to and bound by the provisions of the First Lien/Second Lien Intercreditor Agreement as Senior Secured Parties. 

SECTION 3. This Representative Supplement may be executed in counterparts, each of which shall constitute an original, but all of which
when taken together shall constitute a single contract. This Representative Supplement shall become effective when the Senior Collateral Agent shall have received a counterpart of this Representative Supplement that bears the signature of the New
Representative. Delivery of an executed signature page to this Representative Supplement by facsimile transmission shall be effective as delivery of a manually signed counterpart of this Representative Supplement. 

SECTION 4. Except as expressly supplemented hereby, the First Lien/Second Lien Intercreditor Agreement shall remain in full force and
effect. 
 SECTION 5. THIS REPRESENTATIVE SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK. 
 SECTION 6. In case any one or more of the provisions contained in this Representative Supplement
should be held invalid, illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and
enforceability of the remaining provisions contained herein and in the First Lien/Second Lien Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

  
 2 

 SECTION 7. All communications and notices hereunder shall be in writing and given as
provided in Section 8.11 of the First Lien/Second Lien Intercreditor Agreement. All communications and notices hereunder to the New Representative shall be given to it at the address set forth below its signature hereto. 

SECTION 8. The Borrower agrees to reimburse the Senior Collateral Agent for its reasonable out-of-pocket expenses in connection with this
Representative Supplement, including the reasonable fees, other charges and disbursements of counsel for the Senior Collateral Agent. 
 IN WITNESS WHEREOF, the New Representative and the Senior Collateral Agent have duly executed this Representative Supplement to the First Lien/Second Lien Intercreditor Agreement as of the day and year
first above written. 
  

					
	 [NAME OF NEW REPRESENTATIVE], as
 [            ] for the holders of

[                    ],

			
		 	by	 	 
		 		 	Name:
		 		 	Title:

  

					
	Address for notices:
		
		 	  

		
		 	  

			
		 	attention of:	 	 
			
		 	Telecopy:	 	  

  

			
	 JPMORGAN CHASE BANK, N.A.,
 as Senior Collateral Agent,

		
	by	 	 
		 	Name:
		 	Title:

  
 3 

					
	Acknowledged by:
	
	TRINET HR CORPORATION,
			
		 	by	 	 
		 		 	Name:
		 		 	Title:

  

					
	TRINET GROUP, INC.,
			
		 	by	 	 
		 		 	Name:
		 		 	Title:

  

					
	 THE GRANTORS

LISTED ON SCHEDULE I HERETO,

			
		 	by	 	 
		 		 	Name:
		 		 	Title:

  
 4 

 Schedule I to the 
 Representative Supplement to the 
 First Lien/Second Lien Intercreditor Agreement

 Additional Grantors 
 [     ] 

 EXHIBIT G-2 
 FORM OF 
 PARI PASSU INTERCREDITOR AGREEMENT 

Among 
 TRINET HR
CORPORATION, 
 TRINET GROUP, INC., 
 the other Grantors party hereto, 
 WILMINGTON TRUST, NATIONAL ASSOCIATION,

 as Collateral Agent for the Second Lien Secured Parties and 

as Authorized Representative for the Credit Agreement Secured Parties, 

[        ] 
 as the Initial Additional Authorized Representative 
 and 

each additional Authorized Representative from time to time party hereto 

dated as of [            ], 20[    ] 

 PARI PASSU INTERCREDITOR AGREEMENT dated as of
[            ], 20[     ] (as amended, supplemented or otherwise modified from time to time, this “Agreement”), among TRINET HR CORPORATION, a
California corporation (the “Borrower”), TRINET GROUP, INC., a Delaware corporation (“Holdings”), the other Grantors (as defined herein) party hereto, WILMINGTON TRUST, NATIONAL ASSOCIATION, as collateral agent for
the Second Lien Secured Parties (as defined herein) (in such capacity, the “Collateral Agent”) and as Authorized Representative for the Credit Agreement Secured Parties (in such capacity, the “Administrative
Agent”), [INSERT NAME AND CAPACITY], as Authorized Representative for the Initial Additional Second Lien Secured Parties (in such capacity and together with its successors in such capacity, the “Initial Additional Authorized
Representative”), and each additional Authorized Representative from time to time party hereto for the Additional Second Lien Secured Parties of the Series with respect to which it is acting in such capacity. 

In consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Collateral Agent, the Administrative Agent (for itself and on behalf of the Credit Agreement Secured Parties), the Initial Additional Authorized Representative (for itself and on behalf of the Initial Additional
Second Lien Secured Parties) and each additional Authorized Representative (for itself and on behalf of the Additional Second Lien Secured Parties of the applicable Series) agree as follows: 

ARTICLE I 

Definitions 
 SECTION 1.01. Certain Defined Terms. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Credit Agreement or the Collateral Agreement, as applicable,
or, if defined in the New York UCC, and not otherwise defined herein, in the Credit Agreement or the Collateral Agreement, the meanings specified therein. As used in this Agreement, the following terms have the meanings specified below: 

“Additional Second Lien Documents” means, with respect to any Series of Additional Second Lien Obligations, the notes,
credit agreements, indentures, security documents and other operative agreements evidencing or governing such Indebtedness, including the Initial Additional Second Lien Documents and each other agreement entered into for the purpose of securing any
Series of Additional Second Lien Obligations. 
 “Additional Second Lien Obligations” means, with respect to
any Series of Additional Second Lien Obligations, (a) all principal of, and interest (including any 

 
interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional Second Lien
Obligations, (b) all other amounts payable to the related Additional Second Lien Secured Parties under the related Additional Second Lien Documents and (c) any renewals or extensions of the foregoing. 

“Additional Second Lien Secured Party” means the holders of any Additional Second Lien Obligations and any Authorized
Representative with respect thereto and shall include the Initial Additional Second Lien Secured Parties. 

“Administrative Agent” has the meaning assigned to such term in the introductory paragraph of this Agreement and shall
include any successors thereto as provided in Article VIII of the Credit Agreement. 
 “Agreement” has the
meaning assigned to such term in the introductory paragraph of this Agreement. 
 “Applicable Authorized
Representative” means, with respect to any Shared Collateral, (i) until the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the
Administrative Agent, and (ii) from and after the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Major Non-Controlling Authorized
Representative. 
 “Authorized Representative” means (i) in the case of any Credit Agreement Obligations
or the Credit Agreement Secured Parties, the Administrative Agent, (ii) in the case of the Initial Additional Second Lien Obligations or the Initial Additional Second Lien Secured Parties, the Initial Additional Authorized Representative, and
(iii) in the case of any Series of Additional Second Lien Obligations or Additional Second Lien Secured Parties that become subject to this Agreement after the date hereof, the Authorized Representative named for such Series in the applicable
Joinder Agreement. 
 “Bankruptcy Case” has the meaning assigned to such term in Section 2.05(b).

 “Bankruptcy Code” means title 11 of the United States Code, as amended. 

“Bankruptcy Law” means the Bankruptcy Code and any similar Federal, state or foreign law for the relief of debtors.

 “Borrower” has the meaning assigned to such term in the introductory paragraph of this Agreement.

 “Collateral” means all assets and properties subject to Liens created pursuant to any Second Lien Security
Document to secure one or more Series of Second Lien Obligations. 

  
 2 

 “Collateral Agent” has the meaning assigned to such term in the
introductory paragraph of this Agreement. 
 “Collateral Agreement” means the “Collateral Agreement”
as defined in the Credit Agreement. 
 “Controlling Secured Parties” means, with respect to any Shared
Collateral, the Series of Second Lien Secured Parties whose Authorized Representative is the Applicable Authorized Representative for such Shared Collateral. 
 “Credit Agreement” means that certain Second Lien Credit Agreement dated as of August 20, 2013, among the Borrower, Holdings, the lenders from time to time party thereto and the
Administrative Agent, as amended, restated, extended, supplemented or otherwise modified from time to time, and any credit agreement which has been designated as the “Credit Agreement” pursuant to the definition of Discharge of Credit
Agreement Obligations. 
 “Credit Agreement Obligations” means the “Obligations” as defined in the
Credit Agreement. 
 “Credit Agreement Secured Parties” means the “Secured Parties” as defined in the
Credit Agreement. 
 “DIP Financing” has the meaning assigned to such term in Section 2.05(b). 

“DIP Financing Liens” has the meaning assigned to such term in Section 2.05(b). 

“DIP Lenders” has the meaning assigned to such term in Section 2.05(b). 

“Discharge” means, with respect to any Shared Collateral and any Series of Second Lien Obligations, the date on which
such Series of Second Lien Obligations is no longer secured by such Shared Collateral. The term “Discharged” shall have a corresponding meaning. 
 “Discharge of Credit Agreement Obligations” means, with respect to any Shared Collateral, the Discharge of the Credit Agreement Obligations with respect to such Shared Collateral;
provided that the Discharge of Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing of such Credit Agreement Obligations with additional Second Lien Obligations secured by such Shared Collateral
under an Additional Second Lien Document which has been designated in writing by the Administrative Agent (under the Credit Agreement so Refinanced) to the Collateral Agent and each other Authorized Representative as the “Credit Agreement”
for purposes of this Agreement. 
 “Event of Default” means an “Event of Default” as defined in any
Secured Credit Document. 

  
 3 

 First Lien/Second Lien Intercreditor Agreement” means the “First
Lien/Second Lien Intercreditor Agreement” as defined in the Credit Agreement. 
 “Grantors” means
Holdings, the Borrower and each Guarantor which has granted a security interest pursuant to any Second Lien Security Document to secure any Series of Second Lien Obligations. The Grantors existing on the date hereof are set forth in Annex I hereto.

 “Guarantors” means the “Guarantors” as defined in the Collateral Agreement. 

“Impairment” has the meaning assigned to such term in Section 1.03. 

“Initial Additional Authorized Representative” has the meaning assigned to such term in the introductory paragraph to
this Agreement. 
 “Initial Additional Second Lien Documents” means that certain [[Loan Agreement] dated as of
[ ], 20[ ] among the [Borrower], [the Guarantors identified therein] and [            ], as administrative agent, as amended, restated and supplemented from time to time] [[Indenture] dated
as of [ ], 20[ ], among the [Borrower], [the Guarantors identified therein,] [    ], as [trustee], and [    ], as [paying agent, registrar and transfer agent]] and any notes, security documents
and other operative agreements evidencing or governing such Indebtedness, including any agreement entered into for the purpose of securing the Initial Additional Second Lien Obligations. 

“Initial Additional Second Lien Obligations” means the Additional Second Lien Obligations pursuant to the Initial
Additional Second Lien Documents. 
 “Initial Additional Second Lien Secured Parties” means the holders of any
Initial Additional Second Lien Obligations and the Initial Additional Authorized Representative. 
 “Insolvency or
Liquidation Proceeding” means: 
 (1) any case commenced by or against Holdings, the Borrower or any
other Grantor under any Bankruptcy Law, any other proceeding for the reorganization, recapitalization or adjustment of the assets or liabilities of Holdings, the Borrower or any other Grantor, any receivership or assignment for the benefit of
creditors relating to Holdings, the Borrower or any other Grantor or any similar case or proceeding relative to Holdings, the Borrower or any other Grantor or its creditors, as such, in each case whether or not voluntary; 

(2) any liquidation or dissolution of assets or liabilities or other winding up of or relating to Holdings, the Borrower
or any other Grantor, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency; or 

  
 4 

 (3) any other proceeding of any type or nature in which substantially all
claims of creditors of Holdings, the Borrower or any other Grantor are determined and any payment or distribution is or may be made on account of such claims. 
 “Intervening Creditor” has the meaning assigned to such term in Section 2.01(a). 
 “Joinder Agreement” means a supplement to this Agreement in the form of Annex II hereof required to be delivered by an Authorized Representative to the Collateral Agent pursuant to
Section 5.13 hereof in order to establish an additional Series of Additional Second Lien Obligations and become Additional Second Lien Secured Parties hereunder. 
 “Major Non-Controlling Authorized Representative” means, with respect to any Shared Collateral, the Authorized Representative of the Series of Additional Second Lien Obligations that
constitutes the largest outstanding principal amount of any then outstanding Series of Second Lien Obligations with respect to such Shared Collateral. 
 “New York UCC” means the Uniform Commercial Code as from time to time in effect in the State of New York. 
 “Non-Controlling Authorized Representative” means, at any time with respect to any Shared Collateral, any Authorized Representative that is not the Applicable Authorized Representative at
such time with respect to such Shared Collateral. 
 “Non-Controlling Authorized Representative Enforcement
Date” means, with respect to any Non-Controlling Authorized Representative, the date which is 90 days (throughout which 90 day period such Non-Controlling Authorized Representative was the Major Non-Controlling Authorized
Representative) after the occurrence of both (i) an Event of Default (under and as defined in the Additional Second Lien Document under which such Non-Controlling Authorized Representative is the Authorized Representative) and
(ii) the Collateral Agent’s and each other Authorized Representative’s receipt of written notice from such Non-Controlling Authorized Representative certifying that (x) such Non-Controlling Authorized Representative is the Major
Non-Controlling Authorized Representative and that an Event of Default (under and as defined in the Additional Second Lien Document under which such Non-Controlling Authorized Representative is the Authorized Representative) has occurred and is
continuing and (y) the Second Lien Obligations of the Series with respect to which such Non-Controlling Authorized Representative is the Authorized Representative are currently due and payable in full (whether as a result of acceleration
thereof or otherwise) in accordance with the terms of the applicable Additional Second Lien Document; provided that the Non-Controlling Authorized Representative Enforcement Date shall be stayed and shall not occur and shall be deemed not to
have occurred with respect to any Shared Collateral (1) at any time the Administrative Agent or the Collateral Agent has commenced and is diligently pursuing any enforcement action with respect to such Shared Collateral or (2) at any time
the Grantor which has granted a security interest in 

  
 5 

 
such Shared Collateral is then a debtor under or with respect to (or otherwise subject to) any Insolvency or Liquidation Proceeding. 

“Non-Controlling Secured Parties” means, with respect to any Shared Collateral, the Second Lien Secured Parties which
are not Controlling Secured Parties with respect to such Shared Collateral. 
 “Possessory Collateral” means
any Shared Collateral in the possession of the Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes any
certificated securities, promissory notes and instruments, in each case, delivered to or in the possession of the Collateral Agent under the terms of the Second Lien Security Documents. 

“Proceeds” has the meaning assigned to such term in Section 2.01 hereof. 

“Refinance” means, in respect of any indebtedness, to refinance, extend, renew, defease, amend, increase, modify,
supplement, restructure, refund, replace or repay, or to issue other indebtedness or enter alternative financing arrangements, in exchange or replacement for such indebtedness (in whole or in part), including by adding or replacing lenders,
creditors, agents, borrowers and/or guarantors, and including in each case, but not limited to, after the original instrument giving rise to such indebtedness has been terminated and including, in each case, through any credit agreement, indenture
or other agreement. “Refinanced” and “Refinancing” have correlative meanings. 

“Second Lien” means the Liens on the Collateral in favor of the Second Lien Secured Parties under the Second Lien
Security Documents. 
 “Second Lien Obligations” means, collectively, (i) the Credit Agreement Obligations
and (ii) each Series of Additional Second Lien Obligations. 
 “Second Lien Secured Parties” means
(i) the Credit Agreement Secured Parties and (ii) the Additional Second Lien Secured Parties with respect to each Series of Additional Second Lien Obligations. 
 “Second Lien Security Documents” means the Collateral Agreement, the other Security Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the
Collateral Agent for the purpose of securing any Series of Second Lien Obligations and the First Lien/Second Lien Intercreditor Agreement. 
 “Secured Credit Document” means (i) the Credit Agreement and each other Loan Document (as defined in the Credit Agreement), (ii) each Initial Additional Second Lien Document and
(iii) each Additional Second Lien Document. 
 “Senior Class Debt” has the meaning assigned to such term
in Section 5.13. 

  
 6 

 “Senior Class Debt Parties” has the meaning assigned to such term in
Section 5.13. 
 “Senior Class Debt Representative” has the meaning assigned to such term in
Section 5.13. 
 “Series” means (a) with respect to the Second Lien Secured Parties, each of
(i) the Credit Agreement Secured Parties (in their capacities as such), (ii) the Initial Additional Second Lien Secured Parties (in their capacity as such) and (iii) the Additional Second Lien Secured Parties that become subject to
this Agreement after the date hereof that are represented by a common Authorized Representative (in its capacity as such for such Additional Second Lien Secured Parties) and (b) with respect to any Second Lien Obligations, each of (i) the
Credit Agreement Obligations, (ii) the Initial Additional Second Lien Obligations and (iii) the Additional Second Lien Obligations incurred pursuant to any Additional Second Lien Document, which pursuant to any Joinder Agreement, are to be
represented hereunder by a common Authorized Representative (in its capacity as such for such Additional Second Lien Obligations). 
 “Shared Collateral” means, at any time, Collateral in which the holders of two or more Series of Second Lien Obligations (or their respective Authorized Representatives) hold a
valid and perfected security interest at such time. If more than two Series of Second Lien Obligations are outstanding at any time and the holders of less than all Series of Second Lien Obligations hold a valid and perfected security interest in any
Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of Second Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any
Series which does not have a valid and perfected security interest in such Collateral at such time. 
 SECTION 1.02. 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, (i) any definition of or reference to any agreement, instrument, other document, statute or regulation herein shall be construed as referring to such agreement, instrument, other
document, statute or regulation as from time to time amended, supplemented or otherwise modified, (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, but shall not be deemed to
include the subsidiaries of such Person unless express reference is made to such subsidiaries, (iii) 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, (iv) all references herein to Articles, Sections and Annexes shall be construed to refer to Articles, Sections and Annexes of this Agreement, (v) unless otherwise
expressly qualified herein, 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 and (vi) the term “or” is not exclusive. 

  
 7 

 SECTION 1.03. Impairments. It is the intention of the Second Lien Secured Parties of
each Series that the holders of Second Lien Obligations of such Series (and not the Second Lien Secured Parties of any other Series) bear the risk of (i) any determination by a court of competent jurisdiction that (x) any of the Second
Lien Obligations of such Series are unenforceable under applicable law or are subordinated to any other obligations (other than another Series of Second Lien Obligations), (y) any of the Second Lien Obligations of such Series do not have an
enforceable security interest in any of the Collateral securing any other Series of Second Lien Obligations and/or (z) any intervening security interest exists securing any other obligations (other than another Series of Second Lien
Obligations) on a basis ranking prior to the security interest of such Series of Second Lien Obligations but junior to the security interest of any other Series of Second Lien Obligations or (ii) the existence of any Collateral for any other
Series of Second Lien Obligations that is not Shared Collateral (any such condition referred to in the foregoing clauses (i) or (ii) with respect to any Series of Second Lien Obligations, an “Impairment” of such Series).
In the event of any Impairment with respect to any Series of Second Lien Obligations, the results of such Impairment shall be borne solely by the holders of such Series of Second Lien Obligations, and the rights of the holders of such Series of
Second Lien Obligations (including the right to receive distributions in respect of such Series of Second Lien Obligations pursuant to Section 2.01) set forth herein shall be modified to the extent necessary so that the effects of such
Impairment are borne solely by the holders of the Series of such Second Lien Obligations subject to such Impairment. Additionally, in the event the Second Lien Obligations of any Series are modified pursuant to applicable law (including, without
limitation, pursuant to Section 1129 of the Bankruptcy Code), any reference to such Second Lien Obligations or the Second Lien Documents governing such Second Lien Obligations shall refer to such obligations or such documents as so modified.

 ARTICLE II 
 Priorities and Agreements with Respect to Shared Collateral 
 SECTION 2.01.
Priority of Claims. (a) Anything contained herein or in any of the Secured Credit Documents to the contrary notwithstanding (but subject to Section 1.03), if an Event of Default has occurred and is continuing, and the Collateral
Agent or any Second Lien Secured Party is taking action to enforce rights in respect of any Shared Collateral, or any distribution is made in respect of any Shared Collateral in any Bankruptcy Case of Holdings, the Borrower or any other Grantor or
any Second Lien Secured Party receives any payment pursuant to any intercreditor agreement (other than this Agreement) with respect to any Shared Collateral, the proceeds of any sale, collection or other liquidation of any such Collateral by any
Second Lien Secured Party or received by the Collateral Agent or any Second Lien Secured Party pursuant to any such intercreditor agreement with respect to such Shared Collateral and proceeds of any such distribution (subject, in the case of any
such distribution, to the sentence immediately following) to which the Second Lien Obligations are entitled under any intercreditor agreement (other than this Agreement) (all proceeds of any sale, collection or other liquidation of any Collateral
and all proceeds of any such distribution being collectively referred to as “Proceeds”), shall be applied (i) FIRST, to the payment of all 

  
 8 

 
amounts owing to the Collateral Agent (in its capacity as such) pursuant to the terms of any Secured Credit Document, (ii) SECOND, subject to Section 1.03, to the payment in full of the
Second Lien Obligations of each Series on a ratable basis in accordance with the terms of the applicable Secured Credit Documents and (iii) THIRD, after payment of all Second Lien Obligations, to Holdings, the Borrower and the other Grantors or
their successors or assigns, as their interests may appear, or to whosoever may be lawfully entitled to receive the same pursuant to the First Lien/Second Lien Intercreditor Agreement, if applicable, or otherwise, or as a court of competent
jurisdiction may direct. Notwithstanding the foregoing, with respect to any Shared Collateral upon which a third party (other than a Second Lien Secured Party) has a lien or security interest that is junior in priority to the security interest of
any Series of Second Lien Obligations, after giving effect to the First Lien/Second Lien Intercreditor Agreement, if applicable, but senior (as determined by appropriate legal proceedings in the case of any dispute) to the security interest of any
other Series of Second Lien Obligations (such third party an “Intervening Creditor”), the value of any Shared Collateral or Proceeds which are allocated to such Intervening Creditor shall be deducted on a ratable basis solely from
the Shared Collateral or Proceeds to be distributed in respect of the Series of Second Lien Obligations with respect to which such Impairment exists. 
 (b) It is acknowledged that the Second Lien Obligations of any Series may, subject to the limitations set forth in the then extant Secured Credit Documents, be increased, extended, renewed, replaced,
restated, supplemented, restructured, repaid, refunded, Refinanced or otherwise amended or modified from time to time, all without affecting the priorities set forth in Section 2.01(a) or the provisions of this Agreement defining the relative
rights of the Second Lien Secured Parties of any Series. 
 (c) Notwithstanding the date, time, method, manner or
order of grant, attachment or perfection of any Liens securing any Series of Second Lien Obligations granted on the Shared Collateral and notwithstanding any provision of the Uniform Commercial Code of any jurisdiction, or any other applicable law
or the Secured Credit Documents or any defect or deficiencies in the Liens securing the Second Lien Obligations of any Series or any other circumstance whatsoever (but, in each case, subject to Section 1.03), each Second Lien Secured Party
hereby agrees that the Liens securing each Series of Second Lien Obligations on any Shared Collateral shall be of equal priority. 
 (d) Notwithstanding anything in this Agreement or any other Second Lien Security Documents to the contrary, Collateral held by the Administrative Agent or the Collateral Agent pursuant to
Section 2.18(e) of the Credit Agreement (or any equivalent successor provision) shall be applied as specified in such Section of the Credit Agreement and will not constitute Shared Collateral. 

SECTION 2.02. Actions with Respect to Shared Collateral; Prohibition on Contesting Liens. (a) With respect to any Shared
Collateral, (i) only the Collateral Agent shall act or refrain from acting with respect to the Shared Collateral (including with respect to any intercreditor agreement with respect to any Shared Collateral), and

  
 9 

 
then only on the instructions of the Applicable Authorized Representative, (ii) the Collateral Agent shall not follow any instructions with respect to such Shared Collateral (including with
respect to any intercreditor agreement with respect to any Shared Collateral) from any Non-Controlling Authorized Representative (or any other Second Lien Secured Party other than the Applicable Authorized Representative) and (iii) no
Non-Controlling Authorized Representative or other Second Lien Secured Party (other than the Applicable Authorized Representative) shall or shall instruct the Collateral Agent to, commence any judicial or nonjudicial foreclosure proceedings with
respect to, seek to have a trustee, receiver, liquidator or similar official appointed for or over, attempt any action to take possession of, exercise any right, remedy or power with respect to, or otherwise take any action to enforce its security
interest in or realize upon, or take any other action available to it in respect of, any Shared Collateral (including with respect to any intercreditor agreement with respect to any Shared Collateral), whether under any Second Lien Security
Document, applicable law or otherwise, it being agreed that only the Collateral Agent, acting on the instructions of the Applicable Authorized Representative and in accordance with the applicable Second Lien Security Documents, shall be entitled to
take any such actions or exercise any such remedies with respect to Shared Collateral. Notwithstanding the equal priority of the Liens, the Collateral Agent (acting on the instructions of the Applicable Authorized Representative) may deal with the
Shared Collateral as if such Applicable Authorized Representative had a senior Lien on such Collateral. No Non-Controlling Authorized Representative or Non-Controlling Secured Party will contest, protest or object to any foreclosure proceeding or
action brought by the Collateral Agent, Applicable Authorized Representative or Controlling Secured Party or any other exercise by the Collateral Agent, Applicable Authorized Representative or Controlling Secured Party of any rights and remedies
relating to the Shared Collateral, or to cause the Collateral Agent to do so. The foregoing shall not be construed to limit the rights and priorities of any Second Lien Secured Party, Collateral Agent or Authorized Representative with respect to any
collateral not constituting Shared Collateral. 
 (b) Each of the Authorized Representatives agrees that it will
not accept any Lien on any collateral for the benefit of any Series of Second Lien Obligations (other than funds deposited for the discharge or defeasance of any Additional Second Lien Document) other than pursuant to the Second Lien Security
Documents and pursuant to Section 2.18(e) of the Credit Agreement, and by executing this Agreement (or a Joinder Agreement), each Authorized Representative and the Series of Second Lien Secured Parties for which it is acting hereunder agree to
be bound by the provisions of this Agreement and the other Second Lien Security Documents applicable to it. 

(c) Each of the Second Lien Secured Parties agrees that it will not (and hereby waives any right to) question or contest
or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity, attachment or enforceability of a Lien held by or on behalf of any of the Second Lien Secured
Parties in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be 

  
 10 

 
construed to prevent or impair the rights of any of the Collateral Agent or any Authorized Representative to enforce this Agreement. 

SECTION 2.03. No Interference; Payment Over. (a) Each Second Lien Secured Party agrees that (i) it will not challenge or
question in any proceeding the validity or enforceability of any Second Lien Obligations of any Series or any Second Lien Security Document or the validity, attachment, perfection or priority of any Lien under any Second Lien Security Document or
the validity or enforceability of the priorities, rights or duties established by or other provisions of this Agreement, (ii) it will not take or cause to be taken any action the purpose or intent of which is, or could be, to interfere, hinder
or delay, in any manner, whether by judicial proceedings or otherwise, any sale, transfer or other disposition of the Shared Collateral by the Collateral Agent, (iii) except as provided in Section 2.02, it shall have no right to
(A) direct the Collateral Agent or any other Second Lien Secured Party to exercise any right, remedy or power with respect to any Shared Collateral (including pursuant to any intercreditor agreement) or (B) consent to the exercise by the
Collateral Agent or any other Second Lien Secured Party of any right, remedy or power with respect to any Shared Collateral, (iv) it will not institute any suit or assert in any suit, bankruptcy, insolvency or other proceeding any claim against
the Collateral Agent or any other Second Lien Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise with respect to any Shared Collateral, and none of the Collateral Agent, any Applicable
Authorized Representative or any other Second Lien Secured Party shall be liable for any action taken or omitted to be taken by the Collateral Agent, such Applicable Authorized Representative or other Second Lien Secured Party with respect to any
Shared Collateral in accordance with the provisions of this Agreement, (v) it will not seek, and hereby waives any right, to have any Shared Collateral or any part thereof marshaled upon any foreclosure or other disposition of such Collateral
and (vi) it will not attempt, directly or indirectly, whether by judicial proceedings or otherwise, to challenge the enforceability of any provision of this Agreement; provided that nothing in this Agreement shall be construed to prevent
or impair the rights of any of the Collateral Agent or any other Second Lien Secured Party to enforce this Agreement. 
 (b) Each Second Lien Secured Party hereby agrees that if it shall obtain possession of any Shared Collateral or shall realize any proceeds or payment in respect of any such Shared Collateral, pursuant to
any Second Lien Security Document or by the exercise of any rights available to it under applicable law or in any Insolvency or Liquidation Proceeding or through any other exercise of remedies (including pursuant to any intercreditor agreement), at
any time prior to the Discharge of each of the Second Lien Obligations, then it shall hold such Shared Collateral, proceeds or payment in trust for the other Second Lien Secured Parties and promptly transfer such Shared Collateral, proceeds or
payment, as the case may be, to the Collateral Agent, to be distributed in accordance with the provisions of Section 2.01 hereof. 
 SECTION 2.04. Automatic Release of Liens; Amendments to Second Lien Security Documents. (a) If, at any time the Collateral Agent forecloses upon or otherwise exercises remedies against any
Shared Collateral resulting in a sale or disposition thereof, then (whether or not any Insolvency or Liquidation Proceeding is 

  
 11 

 
pending at the time) the Liens in favor of the Collateral Agent for the benefit of each Series of Second Lien Secured Parties upon such Shared Collateral will automatically be released and
discharged; provided that any proceeds of any Shared Collateral realized therefrom shall be applied pursuant to Section 2.01 hereof. 
 (b) Each Second Lien Secured Party agrees that the Applicable Authorized Representative may enter into any amendment (and, upon request by the Applicable Authorized Representative, each other Authorized
Representative shall sign a consent to such amendment) to any Second Lien Security Document, so long as the Applicable Authorized Representative receives a certificate of the Borrower stating that such amendment is permitted by the terms of each
then extant Secured Credit Document. Additionally, each Second Lien Secured Party agrees that the Applicable Authorized Representative may enter into any amendment (and, upon request by the Applicable Authorized Representative, each other Authorized
Representative shall sign a consent to such amendment) to any Second Lien Security Document solely as such Second Lien Security Document relates to a particular Series of Second Lien Obligations so long as (x) such amendment is in accordance
with the Secured Credit Document pursuant to which such Series of Second Lien Obligations was incurred and (y) such amendment does not adversely affect the Second Lien Secured Parties of any other Series. 

(c) Each Authorized Representative agrees to execute and deliver (at the sole cost and expense of the Grantors) all such
authorizations and other instruments as shall reasonably be requested by the Collateral Agent to evidence and confirm any release of Shared Collateral or amendment to any Second Lien Security Document provided for in this Section. 

SECTION 2.05. Certain Agreements with Respect to Bankruptcy or Insolvency Proceedings. (a) This Agreement shall continue in
full force and effect notwithstanding the commencement of any proceeding under the Bankruptcy Code or any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law by or against Holdings, the Borrower or any of the
Subsidiaries. 
 (b) If Holdings, the Borrower and/or any other Grantor shall become subject to a case (a
“Bankruptcy Case”) under the Bankruptcy Code and shall, as debtor(s)-in-possession, move for approval of financing (“DIP Financing”) to be provided by one or more lenders (the “DIP Lenders”) under
Section 364 of the Bankruptcy Code or any equivalent provision of any other Bankruptcy Law or the use of cash collateral under Section 363 of the Bankruptcy Code or any equivalent provision of any other Bankruptcy Law, each Second Lien
Secured Party (other than any Controlling Secured Party) agrees that it will raise no objection to any such financing or to the Liens on the Shared Collateral securing the same (“DIP Financing Liens”) or to any use of cash
collateral that constitutes Shared Collateral, unless any Controlling Secured Party, or an Authorized Representative of any Controlling Secured Party, shall then oppose or object to such DIP Financing or such DIP Financing Liens or use of cash
collateral (and (i) to the extent that such DIP Financing Liens are senior to the Liens on any such Shared Collateral for the benefit of the 

  
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Controlling Secured Parties, each Non-Controlling Secured Party will subordinate its Liens with respect to such Shared Collateral on the same terms as the Liens of the Controlling Secured Parties
(other than any Liens of any Second Lien Secured Parties constituting DIP Financing Liens) are subordinated thereto and (ii) to the extent that such DIP Financing Liens rank pari passu with the Liens on any such Shared Collateral
granted to secure the Second Lien Obligations of the Controlling Secured Parties, each Non-Controlling Secured Party will confirm the priorities with respect to such Shared Collateral as set forth herein), in each case so long as (A) the Second
Lien Secured Parties of each Series retain the benefit of their Liens on all such Shared Collateral pledged to the DIP Lenders, including proceeds thereof arising after the commencement of such proceeding, with the same priority vis-a-vis all the
other Second Lien Secured Parties (other than any Liens of the Second Lien Secured Parties constituting DIP Financing Liens) as existed prior to the commencement of the Bankruptcy Case, (B) the Second Lien Secured Parties of each Series are
granted Liens on any additional collateral pledged to any Second Lien Secured Parties as adequate protection or otherwise in connection with such DIP Financing or use of cash collateral, with the same priority vis-a-vis the Second Lien Secured
Parties as set forth in this Agreement, (C) if any amount of such DIP Financing or cash collateral is applied to repay any of the Second Lien Obligations, such amount is applied pursuant to Section 2.01 of this Agreement and (D) if
any Second Lien Secured Parties are granted adequate protection, including in the form of periodic payments, in connection with such DIP Financing or use of cash collateral, the proceeds of such adequate protection are applied pursuant to
Section 2.01 of this Agreement; provided that the Second Lien Secured Parties of each Series shall have a right to object to the grant of a Lien to secure the DIP Financing over any Collateral subject to Liens in favor of the Second Lien
Secured Parties of such Series or its Authorized Representative that shall not constitute Shared Collateral; and provided, further, that the Second Lien Secured Parties receiving adequate protection shall not object to any other Second
Lien Secured Party receiving adequate protection comparable to any adequate protection granted to such Second Lien Secured Parties in connection with a DIP Financing or use of cash collateral. Notwithstanding the provisions of Section 2.01 and
this Section 2.05, (A) if the Second Lien Secured Parties of any Class are granted adequate protection in the form of periodic payments in connection with such DIP Financing or use of cash collateral, the proceeds of such adequate
protection shall be for only the account of the Secured Parties of such Class and (B) no Second Lien Secured Party of any Class shall be prohibited from seeking adequate protection in the form of periodic payments to the extent that any Second
Lien Secured Party of any other Class is receiving such payments or objecting to any DIP Financing or use of cash collateral on the basis that any Second Lien Secured Party of any other Class is receiving such payments (but the Second Lien Secured
Parties of such Class are not). 
 SECTION 2.06. Reinstatement. In the event that any of the Second Lien Obligations
shall be paid in full and such payment or any part thereof shall subsequently, for whatever reason (including an order or judgment for disgorgement of a preference under the Bankruptcy Code, or any similar law, or the settlement of any claim in
respect thereof), be required to be returned or repaid, the terms and conditions of this Article II 

  
 13 

 
shall be fully applicable thereto until all such Second Lien Obligations shall again have been paid in full in cash. 
 SECTION 2.07. Insurance. As between the Second Lien Secured Parties, the Collateral Agent, acting at the direction of the Applicable Authorized Representative, shall have the right to adjust or
settle any insurance policy or claim covering or constituting Shared Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral. 

SECTION 2.08. Refinancings. The Second Lien Obligations of any Series may be Refinanced, in whole or in part, in each case,
without notice to, or the consent (except to the extent a consent is otherwise required to permit the Refinancing transaction under any Secured Credit Document) of any Second Lien Secured Party of any other Series, all without affecting the
priorities provided for herein or the other provisions hereof; provided that the Authorized Representative of the holders of any such Refinancing indebtedness shall have executed a Joinder Agreement on behalf of the holders of such
Refinancing indebtedness. 
 SECTION 2.09. Possessory Collateral Agent as Gratuitous Bailee for Perfection.
(a) Subject to the terms of the First Lien/Second Lien Intercreditor Agreement, the Collateral Agent agrees to hold any Shared Collateral constituting Possessory Collateral that is part of the Collateral in its possession or control (or in the
possession or control of its agents or bailees) as gratuitous bailee for the benefit of each other Second Lien Secured Party and any assignee solely for the purpose of perfecting the security interest granted in such Possessory Collateral, if any,
pursuant to the applicable Second Lien Security Documents, in each case, subject to the terms and conditions of this Section 2.09. Pending delivery to the Collateral Agent, each other Authorized Representative agrees to hold any Shared
Collateral constituting Possessory Collateral, from time to time in its possession, as gratuitous bailee for the benefit of each other Second Lien Secured Party and any assignee, solely for the purpose of perfecting the security interest granted in
such Possessory Collateral, if any, pursuant to the applicable Second Lien Security Documents, in each case, subject to the terms and conditions of this Section 2.09. 

(b) The duties or responsibilities of the Collateral Agent and each other Authorized Representative under this
Section 2.09 shall be limited solely to holding any Shared Collateral constituting Possessory Collateral as gratuitous bailee for the benefit of each other Second Lien Secured Party for purposes of perfecting the Lien held by such Second Lien
Secured Parties therein. 
 ARTICLE III 
 Existence and Amounts of Liens and Obligations 
 SECTION 3.01.
Determinations with Respect to Amounts of Liens and Obligations. Whenever the Collateral Agent or any Authorized Representative shall be required, in connection with the exercise of its rights or the performance of its obligations

  
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hereunder, to determine the existence or amount of any Second Lien Obligations of any Series, or the Shared Collateral subject to any Lien securing the Second Lien Obligations of any Series, it
may request that such information be furnished to it in writing by each other Authorized Representative and shall be entitled to make such determination on the basis of the information so furnished; provided, however, that if an
Authorized Representative shall fail or refuse reasonably promptly to provide the requested information, the requesting Collateral Agent or Authorized Representative shall be entitled to make any such determination by such method as it may, in the
exercise of its good faith judgment, determine, including by reliance upon a certificate of the Borrower. The Collateral Agent and each Authorized Representative may rely conclusively, and shall be fully protected in so relying, on any determination
made by it in accordance with the provisions of the preceding sentence (or as otherwise directed by a court of competent jurisdiction) and shall have no liability to any Grantor, any Second Lien Secured Party or any other Person as a result of such
determination. 
 ARTICLE IV 
 The Collateral Agent 
 SECTION 4.01. Appointment and Authority.
(a) Each of the Second Lien Secured Parties hereby irrevocably appoints Wilmington Trust, National Association to act on its behalf as the Collateral Agent hereunder and under each of the other Second Lien Security Documents and authorizes the
Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Collateral Agent by the terms hereof or thereof, including for purposes of acquiring, holding and enforcing any and all Liens on Collateral
granted by any Grantor to secure any of the Second Lien Obligations, together with such powers and discretion as are reasonably incidental thereto. Each of the Second Lien Secured Parties also authorizes Wilmington Trust, National Association, at
the request of the Borrower, to execute and deliver the First Lien/Second Lien Intercreditor Agreement in the capacity as “Second Priority Representative”, or the equivalent agent, however referred to for the Second Lien Secured Parties
under such agreement (the “Second Priority Representative”) and authorizes the Collateral Agent, in accordance with the provisions of this Agreement, to take such actions on its behalf and to exercise such powers as are delegated
to, or otherwise given to, the Second Priority Representative by the terms of the First Lien/Second Lien Intercreditor Agreement, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent
and any co-agents, sub-agents and attorneys-in-fact appointed by the Collateral Agent pursuant to Section 4.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under any of the Second Lien
Security Documents, or for exercising any rights and remedies thereunder or under the First Lien/Second Lien Intercreditor Agreement at the direction of the Applicable Authorized Representative, shall be entitled to the benefits of all provisions of
this Article IV and Article VIII of the Credit Agreement and the equivalent provision of any Additional Second Lien Document (as though such co-agents, sub-agents and attorneys-in-fact were the “Collateral Agent” named therein)
as if set forth in full herein with respect thereto. 

  
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 (b) Each Non-Controlling Secured Party acknowledges and agrees that the
Collateral Agent shall be entitled, for the benefit of the Second Lien Secured Parties, to sell, transfer or otherwise dispose of or deal with any Shared Collateral as provided herein and in the Second Lien Security Documents, without regard to any
rights to which the holders of the Non-Controlling Secured Obligations would otherwise be entitled as a result of such Non-Controlling Secured Obligations. Without limiting the foregoing, each Non-Controlling Secured Party agrees that none of the
Collateral Agent, the Applicable Authorized Representative or any other Second Lien Secured Party shall have any duty or obligation first to marshal or realize upon any type of Shared Collateral (or any other Collateral securing any of the Second
Lien Obligations), or to sell, dispose of or otherwise liquidate all or any portion of such Shared Collateral (or any other Collateral securing any Second Lien Obligations), in any manner that would maximize the return to the Non-Controlling Secured
Parties, notwithstanding that the order and timing of any such realization, sale, disposition or liquidation may affect the amount of proceeds actually received by the Non-Controlling Secured Parties from such realization, sale, disposition or
liquidation. Each of the Second Lien Secured Parties waives any claim it may now or hereafter have against the Collateral Agent or the Authorized Representative of any other Series of Second Lien Obligations or any other Second Lien Secured Party of
any other Series arising out of (i) any actions which the Collateral Agent, any Authorized Representative or any Second Lien Secured Party takes or omits to take (including, actions with respect to the creation, perfection or continuation of
Liens on any Collateral, actions with respect to the foreclosure upon, sale, release or depreciation of, or failure to realize upon, any of the Collateral and actions with respect to the collection of any claim for all or any part of the Second Lien
Obligations from any account debtor, guarantor or any other party) in accordance with the Second Lien Security Documents or any other agreement related thereto or to the collection of the Second Lien Obligations or the valuation, use, protection or
release of any security for the Second Lien Obligations, (ii) any election by any Applicable Authorized Representative or any holders of Second Lien Obligations, in any proceeding instituted under the Bankruptcy Code, of the application of
Section 1111(b) of the Bankruptcy Code or (iii) subject to Section 2.05, any borrowing by, or grant of a security interest or administrative expense priority under Section 364 of the Bankruptcy Code or any equivalent provision of
any other Bankruptcy Law by, Holdings, the Borrower or any Subsidiary, as debtor-in-possession. Notwithstanding any other provision of this Agreement, the Collateral Agent shall not accept any Shared Collateral in full or partial satisfaction of any
Second Lien Obligations pursuant to Section 9-620 of the Uniform Commercial Code of any jurisdiction, without the consent of each Authorized Representative representing holders of Second Lien Obligations for which such Collateral constitutes
Shared Collateral. 
 (c) Each Authorized Representative acknowledges and agrees that upon execution and delivery
of a Joinder Agreement substantially in the form of Annex II by an additional Senior Class Debt Representative, the Collateral Agent and each Grantor in accordance with Section 5.13, the Collateral Agent will continue to act in its capacity as
Collateral Agent in respect of the then existing Authorized Representatives and such additional Authorized Representative. 

  
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 SECTION 4.02. Rights as a Second Lien Secured Party. (a) The Person serving as
the Collateral Agent hereunder shall have the same rights and powers in its capacity as a Second Lien Secured Party under any Series of Second Lien Obligations that it holds as any other Second Lien Secured Party of such Series and may exercise the
same as though it were not the Collateral Agent and the term “Second Lien Secured Party” or “Second Lien Secured Parties” or (as applicable) “Credit Agreement Secured Party”, “Credit Agreement Secured
Parties”, “Additional Second Lien Secured Party” or “Additional Second Lien Secured Parties” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Collateral
Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with Holdings, the
Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Collateral Agent hereunder and without any duty to account therefor to any other Second Lien Secured Party. 

SECTION 4.03. Exculpatory Provisions. The Collateral Agent shall not have any duties or obligations except those expressly set
forth herein and in the other Second Lien Security Documents. Without limiting the generality of the foregoing, the Collateral Agent: 
 (i) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of Default has occurred and is continuing; 

(ii) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary
rights and powers expressly contemplated hereby or by the other Second Lien Security Documents that the Collateral Agent is required to exercise as directed in writing by the Applicable Authorized Representative; provided that the Collateral
Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Collateral Agent to liability or that is contrary to any Second Lien Security Document or applicable law; 

(iii) shall not, except as expressly set forth herein and in the other Second Lien Security Documents, have any duty to
disclose, and shall not be liable for the failure to disclose, any information relating to Holdings, the Borrower or any of their Affiliates that is communicated to or obtained by the Person serving as the Collateral Agent or any of its Affiliates
in any capacity; 
 (iv) shall not be liable for any action taken or not taken by it (i) with the consent or
at the request of the Applicable Authorized Representative or (ii) in the absence of its own gross negligence or wilful misconduct or (iii) in reliance on a certificate of an authorized officer of the Borrower stating that such action is
permitted by the terms of this Agreement. The Collateral Agent shall be deemed not to have knowledge of any Event of Default under any Series of Second Lien Obligations unless and until notice describing such Event of Default is given to the
Collateral Agent by the Authorized Representative of such Second Lien Obligations or the Borrower; and 

  
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 (v) shall not be responsible for or have any duty to ascertain or inquire
into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Second Lien Security Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or
in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Second Lien Security Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Second Lien Security
Documents, (v) the value or the sufficiency of any Collateral for any Series of Second Lien Obligations or (vi) the satisfaction of any condition set forth in any Secured Credit Document, other than to confirm receipt of items expressly
required to be delivered to the Collateral Agent. 
 SECTION 4.04. Reliance by Collateral Agent. The Collateral Agent
shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting
or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Collateral Agent also may rely upon any statement made to it orally or by telephone and believed by it to have
been made by the proper Person, and shall not incur any liability for relying thereon. The Collateral Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not
be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

SECTION 4.05. Delegation of Duties. The Collateral Agent may perform any and all of its duties and exercise its rights and powers
hereunder or under any other Second Lien Security Document by or through any one or more sub-agents appointed by the Collateral Agent. The Collateral Agent and any such sub-agent may perform any and all of its duties and exercise its rights and
powers by or through their respective Affiliates. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Affiliates of the Collateral Agent and any such sub-agent. 

SECTION 4.06. Resignation of Collateral Agent. The Collateral Agent may at any time give notice of its resignation as Collateral
Agent under this Agreement and the other Second Lien Security Documents (including, if applicable, as Second Priority Representative under and as defined in the First Lien/Second Lien Intercreditor Agreement) to each Authorized Representative and
the Borrower. Upon receipt of any such notice of resignation, the Applicable Authorized Representative shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in New York, New York, 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 Applicable Authorized Representative and shall have accepted such appointment within 30 days after the retiring Collateral
Agent gives notice of its resignation, then the retiring Collateral Agent may, on behalf of the Second Lien Secured Parties, appoint a successor Collateral 

  
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Agent meeting the qualifications set forth above; provided that if the Collateral Agent shall notify the Borrower and each Authorized Representative that no qualifying Person has accepted
such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (a) the retiring Collateral Agent shall be discharged from its duties and obligations hereunder and under the other Second Lien
Security Documents (except that in the case of any collateral security held by the Collateral Agent on behalf of the Second Lien Secured Parties under any of the Second Lien Security Documents, the retiring Collateral Agent shall continue to hold
such collateral security solely for purposes of maintaining the perfection of the security interests of the Second Lien Secured Parties therein until such time as a successor Collateral Agent is appointed but with no obligation to take any further
action at the request of the Applicable Authorized Representative or any other Second Lien Secured Parties) and (b) all payments, communications and determinations provided to be made by, to or through the Collateral Agent shall instead be made
by or to each Authorized Representative directly, until such time as the Applicable Authorized Representative appoints a successor Collateral Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment as
Collateral Agent hereunder and under the Second Lien Security Documents (including, if applicable, acting as Second Priority Representative under the First Lien/Second Lien Intercreditor Agreement), such successor shall succeed to and become vested
with all of the rights, powers, privileges and duties of the retiring (or retired) Collateral Agent, and the retiring Collateral Agent shall be discharged from all of its duties and obligations hereunder or under the other Second Lien Security
Documents (if not already discharged therefrom as provided above in this Section). After the retiring Collateral Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article IV and Article VIII of the
Credit Agreement and the equivalent provision of any Additional Second Lien Document shall continue in effect for the benefit of such retiring Collateral 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 Collateral Agent was acting as Collateral Agent. Upon any notice of resignation of the Collateral Agent hereunder and under the other Second Lien Security Documents, the Borrower agrees to use
commercially reasonable efforts to transfer (and maintain the validity and priority of) the Liens in favor of the retiring Collateral Agent under the Second Lien Security Documents to the successor Collateral Agent. 

SECTION 4.07. Non-Reliance on Collateral Agent and Other Second Lien Secured Parties. Each Second Lien Secured Party acknowledges
that it has, independently and without reliance upon the Collateral Agent, any Authorized Representative or any other Second Lien Secured Party or any of their Affiliates and based on such documents and information as it has deemed appropriate, made
its own credit analysis and decision to enter into this Agreement and the other Secured Credit Documents. Each Second Lien Secured Party also acknowledges that it will, independently and without reliance upon the Collateral Agent, any Authorized
Representative or any other Second Lien Secured Party or any of their Affiliates and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or
based upon this Agreement, any other Secured Credit Document or any related agreement or any document furnished hereunder or thereunder. 

  
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 SECTION 4.08. Collateral and Guaranty Matters. Each of the Second Lien Secured
Parties irrevocably authorizes the Collateral Agent, at its option and in its discretion: 
 (i) to release any
Lien on any property granted to or held by the Collateral Agent under any Second Lien Security Document in accordance with Section 2.04 or upon receipt of a written request from the Borrower stating that the release of such Lien is permitted by
the terms of each then extant Secured Credit Document; and 
 (ii) to release any Grantor from its obligations
under the Second Lien Security Documents upon receipt of a written request from the Borrower stating that such release is permitted by the terms of each then extant Secured Credit Document. 

ARTICLE V 

Miscellaneous 
 SECTION 5.01. Notices. 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 telecopy, as follows: 
 (a) if to Holdings or the Borrower or any other Grantor, to it at
[•], Attention of [•] (Fax No. [•]); 
 (b) if to the Collateral Agent or the Administrative
Agent, to Wilmington Trust, National Association, Attention of [•] (Fax No. [•]); 
 (c) if to the
Initial Additional Authorized Representative, to it at [        ]; and 

(d) if to any other Additional Authorized Representative, to it at the address set forth in the applicable Joinder
Agreement. 
 Any party hereto may change its address or telecopy number for notices and other communications hereunder by notice to the other
parties hereto. 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 fax shall be deemed to have been given when sent
(except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices and other communications to the parties hereunder may be
delivered or furnished by electronic communication (including e-mail and Internet and intranet websites) pursuant to procedures approved by the Collateral Agent. The parties hereto may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to 

  
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particular notices or communications or may be rescinded by any such Person by notice to each other such Person. 
 SECTION 5.02. Waivers; Amendment; Joinder Agreements. (a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor
shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights
and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party therefrom shall in any event be
effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any party hereto in any
case shall entitle such party to any other or further notice or demand in similar or other circumstances. 
 (b)
Neither this Agreement nor any provision hereof may be terminated, waived, amended or modified (other than pursuant to any Joinder Agreement) except pursuant to an agreement or agreements in writing entered into by each Authorized Representative and
the Collateral Agent (and with respect to any such termination, waiver, amendment or modification which by the terms of this Agreement requires the Borrower’s consent or which increases the obligations or reduces the rights of Holdings, the
Borrower or any other Grantor, with the consent of the Borrower). 
 (c) Notwithstanding the foregoing, without
the consent of any Second Lien Secured Party, any Authorized Representative may become a party hereto by execution and delivery of a Joinder Agreement in accordance with Section 5.13 of this Agreement and upon such execution and delivery, such
Authorized Representative and the Additional Second Lien Secured Parties and Additional Second Lien Obligations of the Series for which such Authorized Representative is acting shall be subject to the terms hereof and the terms of the other Second
Lien Security Documents applicable thereto. 
 (d) Notwithstanding the foregoing, without the consent of any
other Authorized Representative or Second Lien Secured Party, the Collateral Agent may effect amendments and modifications to this Agreement to the extent necessary to reflect any incurrence of any Additional Second Lien Obligations in compliance
with the Credit Agreement and the other Secured Credit Documents. 
 SECTION 5.03. Parties in Interest. This Agreement
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, as well as the other Second Lien Secured Parties, all of whom are intended to be bound by, and to be third party beneficiaries of, this
Agreement. 
 SECTION 5.04. Survival of Agreement. All covenants, agreements, representations and warranties made by any
party in this Agreement shall be considered 

  
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to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement. 
 SECTION 5.05. Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original but all of which when taken together shall constitute a single contract.
Delivery of an executed signature page to this Agreement by facsimile or other electronic transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 

SECTION 5.06. 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. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION
5.07. Governing Law; Jurisdiction. This Agreement shall be construed in accordance with and governed by the law of the State of New York. 
 SECTION 5.08. Submission to Jurisdiction Waivers; Consent to Service of Process. The Collateral Agent and each Authorized Representative, on behalf of itself and the Second Lien Secured Parties of
the Series for which it is acting, irrevocably and unconditionally: 
 (a) submits for itself and its property in
any legal action or proceeding relating to this Agreement, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York, the courts of the United States of
America for the Southern District of New York, and appellate courts from any thereof; 
 (b) consents that any
such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court
and agrees not to plead or claim the same; 
 (c) agrees that service of process in any such action or proceeding
may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person (or its Authorized Representative) at the address referred to in 5.01; 

(d) agrees that nothing herein shall affect the right of any other party hereto (or any Second Lien Secured Party) to
effect service of process in any other manner permitted by law or shall limit the right of any party hereto (or any Second Lien Secured Party) to sue in any other jurisdiction; and 

  
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 (e) waives, to the maximum extent not prohibited by law, any right it may
have to claim or recover in any legal action or proceeding referred to in this Section 5.08 any special, exemplary, punitive or consequential damages. 
 SECTION 5.09. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND FOR ANY
COUNTERCLAIM THEREIN. 
 SECTION 5.10. Headings. Article, Section and Annex headings used herein are for convenience of
reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 
 SECTION 5.11. Conflicts. In the event of any conflict or inconsistency between the provisions of this Agreement and the provisions of any of the other Second Lien Security Documents or Secured
Credit Documents the provisions of this Agreement shall control. 
 SECTION 5.12. Provisions Solely to Define Relative
Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Second Lien Secured Parties in relation to one another. None of Holdings, the Borrower, any other Grantor or any other
creditor thereof shall have any rights or obligations hereunder, except as expressly provided in this Agreement (provided that nothing in this Agreement (other than Section 2.01(a)(iii), 2.04, 2.05, 2.08, 2.09, 4.06, 4.08 or
Article V) is intended to or will amend, waive or otherwise modify the provisions of the Credit Agreement or any Additional Second Lien Documents), and none of Holdings, the Borrower or any other Grantor may rely on the terms hereof (other than
Sections 2.01(a)(iii), 2.04, 2.05, 2.08, 2.09, 4.06, 4.08 and Article V). Nothing in this Agreement is intended to or shall impair the obligations of any Grantor, which are absolute and unconditional, to pay the Second Lien Obligations as
and when the same shall become due and payable in accordance with their terms. 
 SECTION 5.13. Additional Senior Debt.
To the extent, but only to the extent permitted by the provisions of the Credit Agreement and the Additional Second Lien Documents, Holdings, the Borrower and the other Grantors may incur Additional Second Lien Obligations. Any such additional class
or series of Additional Second Lien Obligations (the “Senior Class Debt”) may be secured by a Lien by the Grantors on the Collateral and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the
Second Lien Documents, if and subject to the condition that the Authorized Representative of any such Senior Class Debt (each, a “Senior Class Debt Representative”), acting on behalf of the holders of such Senior Class Debt (such
Authorized Representative and holders in respect of any Senior Class Debt being referred to as the “Senior Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through
(iv) of the immediately succeeding paragraph. 

  
 23 

 In order for a Senior Class Debt Representative to become a party to this Agreement,

 (i) such Senior Class Debt Representative, the Collateral Agent and each Grantor shall have executed and
delivered an instrument substantially in the form of Annex II (with such changes as may be reasonably approved by the Collateral Agent and such Senior Class Representative) pursuant to which such Senior Class Debt Representative becomes an
Authorized Representative hereunder, and the Senior Class Debt in respect of which such Senior Class Debt Representative is the Representative and the related Senior Class Debt Parties become subject hereto and bound hereby; 

(ii) the Borrower shall have delivered to the Collateral Agent true and complete copies of each of the Additional Second
Lien Documents relating to such Senior Class Debt, certified as being true and correct by a Financial Officer of the Borrower; 
 (iii) all filings, recordations and/or amendments or supplements to the Second Lien Security Documents necessary or desirable in the reasonable judgment of the Collateral Agent to confirm and perfect the
Liens securing the relevant obligations relating to such Senior Class Debt shall have been made, executed and/or delivered (or, with respect to any such filings or recordations, acceptable provisions to perform such filings or recordings have been
taken in the reasonable judgment of the Collateral Agent), and all fees and taxes in connection therewith shall have been paid (or acceptable provisions to make such payments have been taken in the reasonable judgment of the Collateral Agent); and

 (iv) the Additional Second Lien Documents, as applicable, relating to such Senior Class Debt shall provide, in
a manner reasonably satisfactory to the Collateral Agent, that each Senior Class Debt Party with respect to such Senior Class Debt will be subject to and bound by the provisions of this Agreement in its capacity as a holder of such Senior Class
Debt. 
 SECTION 5.14. Additional Grantors. The Grantors agree that, if any Person shall become a Guarantor after the
date hereof, it will promptly cause such Person to become party hereto by executing and delivering an instrument in the form of Annex III. Upon such execution and delivery, such Person will become a Grantor hereunder with the same force and
effect as if originally named as a Grantor herein. The execution and delivery of such instrument shall not require the consent of any other party hereunder, and will be acknowledged by the Applicable Authorized Representative and the Collateral
Agent. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement. 
 SECTION 5.15. Integration. This Agreement, together with the other Secured Credit Documents and the Second Lien Security Documents, represents the agreement of each of the Grantors and the Second
Lien Secured Parties with respect to 

  
 24 

 
the subject matter hereof and there are no promises, undertakings, representations or warranties by any Grantor, the Collateral Agent or any other Second Lien Secured Party relative to the
subject matter hereof not expressly set forth or referred to herein or in the other Secured Credit Documents or the Second Lien Security Documents. 
 [Signature pages follow] 

  
 25 

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

					
	 WILMINGTON TRUST, NATIONAL
 ASSOCIATION,

	as Administrative Agent and Collateral Agent,
			
		 	by	 	 
		 		 	Name:
		 		 	Title:
	
	TRINET HR CORPORATION,
			
		 	by	 	 
		 		 	Name:
		 		 	Title:
	
	TRINET GROUP, INC.,
			
		 	by	 	 
		 		 	Name:
		 		 	Title:
	
	 THE GRANTORS LISTED ON ANNEX I
 HERETO,

			
		 	by	 	 
		 		 	Name:
		 		 	Title:
	
	[        ],
	as Initial Additional Authorized Representative
			
		 	by	 	 
		 		 	Name:
		 		 	Title:

  
 26 

 ANNEX I 
 GRANTORS 
 [        ] 

 ANNEX II 

[FORM OF] REPRESENTATIVE SUPPLEMENT NO. [ ] dated as of
[            ], 20[ ] to the PARI PASSU INTERCREDITOR AGREEMENT dated as of [            ], 20[ ] (the “Pari Passu
Intercreditor Agreement”), among TRINET HR CORPORATION, a California corporation (the “Borrower”), TRINET GROUP, INC., a Delaware corporation, the other Grantors from time to time party thereto, WILMINGTON TRUST, NATIONAL
ASSOCIATION, as Collateral Agent for the Second Lien Secured Parties under the Second Lien Security Documents (in such capacity, the “Collateral Agent”) and as Authorized Representative under the Credit Agreement,
[            ], as Initial Additional Authorized Representative, and the additional Authorized Representatives from time to time a party thereto. 

A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Pari Passu
Intercreditor Agreement. 
 B. As a condition to the ability of Holdings, the Borrower or other Grantors to incur Additional
Second Lien Obligations and to secure such Senior Class Debt with the Second Lien by the Grantors and to have such Senior Class Debt guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Second Lien Security Documents,
the Senior Class Debt Representative in respect of such Senior Class Debt is required to become an Authorized Representative under, and such Senior Class Debt and the Senior Class Debt Parties in respect thereof are required to become subject to and
bound by, the Pari Passu Intercreditor Agreement. Section 5.13 of the Pari Passu Intercreditor Agreement provides that such Senior Class Debt Representative may become an Authorized Representative under, and such Senior Class Debt and such
Senior Class Debt Parties may become subject to and bound by, the Pari Passu Intercreditor Agreement, pursuant to the execution and delivery by the Senior Class Representative of an instrument in the form of this Supplement and the satisfaction of
the other conditions set forth in Section 5.13 of the Pari Passu Intercreditor Agreement. The undersigned Senior Class Debt Representative (the “New Representative”) is executing this Representative Supplement in accordance
with the requirements of the Pari Passu Intercreditor Agreement and the Second Lien Security Documents. 
 Accordingly, the
Collateral Agent and the New Representative agree as follows: 
 SECTION 1. In accordance with Section 5.13 of the Pari
Passu Intercreditor Agreement, the New Representative by its signature below becomes an Authorized Representative under, and the related Senior Class Debt and Senior Class Debt Parties become subject to and bound by, the Pari Passu Intercreditor
Agreement with the same force and effect as if the New Representative had originally been named therein as an Authorized Representative, and the New Representative, on behalf of itself and such Senior Class Debt Parties, hereby agrees to all the
terms and provisions of the Pari Passu Intercreditor Agreement applicable to it as an Authorized Representative and to the Senior Class Debt Parties that it represents as Additional Second Lien Secured

  
 1 

 
Parties. Each reference to an “Authorized Representative” in the Pari Passu Intercreditor Agreement shall be deemed to include the New Representative. The Pari Passu
Intercreditor Agreement is hereby incorporated herein by reference. 
 SECTION 2. The New Representative represents and warrants
to the Collateral Agent and the other Second Lien Secured Parties that (i) it has full power and authority to enter into this Representative Supplement, in its capacity as [agent] [trustee], (ii) this Representative Supplement has been
duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of such Agreement and (iii) the Additional Second Lien Documents relating to such Senior
Class Debt provide that, upon the New Representative’s entry into this Agreement, the Senior Class Debt Parties in respect of such Senior Class Debt will be subject to and bound by the provisions of the Pari Passu Intercreditor Agreement as
Additional Second Lien Secured Parties. 
 SECTION 3. This Representative Supplement may be executed in counterparts, each of
which shall constitute an original, but all of which when taken together shall constitute a single contract. This Representative Supplement shall become effective when the Collateral Agent shall have received a counterpart of this Representative
Supplement that bears the signature of the New Representative. Delivery of an executed signature page to this Representative Supplement by facsimile or other electronic transmission shall be effective as delivery of a manually signed counterpart of
this Representative Supplement. 
 SECTION 4. Except as expressly supplemented hereby, the Pari Passu Intercreditor Agreement
shall remain in full force and effect. 
 SECTION 5. THIS REPRESENTATIVE SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 6. In case any one or more of the provisions contained in
this Representative Supplement should be held invalid, illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the
validity, legality and enforceability of the remaining provisions contained herein and in the Pari Passu Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace
the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 7. All communications and notices hereunder shall be in writing and given as provided in Section 5.01 of the Pari Passu
Intercreditor Agreement. All communications and notices hereunder to the New Representative shall be given to it at the address set forth below its signature hereto. 

  
 2 

 SECTION 8. The Borrower agrees to reimburse the Collateral Agent for its reasonable
out-of-pocket expenses in connection with this Representative Supplement, including the reasonable fees, other charges and disbursements of counsel for the Collateral Agent. 
 IN WITNESS WHEREOF, the New Representative and the Collateral Agent have duly executed this Representative Supplement to the Pari Passu Intercreditor Agreement as of the day and year first above written.

  

					
	[NAME OF NEW REPRESENTATIVE], as
	[            ] for the holders of
	[                            
],
			
		 	by	 	 
		 		 	Name:
		 		 	Title:
	
	Address for notices:
			
		 		 	 
			
		 		 	 
			
		 		 	attention of:                          
                              
			
		 		 	Telecopy:                           
                                 

  
 3 

					
	Acknowledged by:
	
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,
 as Collateral Agent,

			
		 	by	 	 
		 		 	Name:
		 		 	Title:
	
	TRINET HR CORPORATION,
			
		 	by	 	 
		 		 	Name:
		 		 	Title:
	
	TRINET GROUP, INC.,
			
		 	by	 	 
		 		 	Name:
		 		 	Title:
	
	 THE GRANTORS

LISTED ON SCHEDULE I HERETO,

			
		 	by	 	 
		 		 	Name:
		 		 	Title:

  
 4 

 Schedule I to the 
 Supplement to the 
 Pari Passu Intercreditor Agreement 

GRANTORS 

[        ] 

  
 1 

 ANNEX III 

[FORM OF] SUPPLEMENT NO. dated as of , to the PARI PASSU INTERCREDITOR AGREEMENT dated as of
[            ], 20[ ] (the “Pari Passu Intercreditor Agreement”), among TRINET HR CORPORATION, a California corporation (the “Borrower”), TRINET
GROUP, INC., a Delaware corporation, the other Grantors from time to time party thereto, WILMINGTON TRUST, NATIONAL ASSOCIATION, as Collateral Agent for the Second Lien Secured Parties under the Second Lien Security Documents (in such capacity, the
“Collateral Agent”) and as Authorized Representative under the Credit Agreement, [            ], as Initial Additional Authorized Representative, and the additional
Authorized Representatives from time to time a party thereto. 
 A. Capitalized terms used herein and not otherwise defined
herein shall have the meanings assigned to such terms in the Pari Passu Intercreditor Agreement. 
 B. The Grantors have entered
into the Pari Passu Intercreditor Agreement. Pursuant to the Credit Agreement and certain Additional Second Lien Documents, any Person that shall become a Guarantor after the date of the Pari Passu Intercreditor Agreement is required to enter into
the Pari Passu Intercreditor Agreement. Section 5.14 of the Pari Passu Intercreditor Agreement provides that such Guarantor may become party to the Pari Passu Intercreditor Agreement by execution and delivery of an instrument in the form of
this Supplement. The undersigned Guarantor (the “New Grantor”) is executing this Supplement in accordance with the requirements of the Credit Agreement and the Additional Second Lien Debt Documents. 

Accordingly, the Collateral Agent and the New Grantor agree as follows: 

SECTION 1. In accordance with Section 5.14 of the Pari Passu Intercreditor Agreement, the New Grantor by its signature below becomes
a Grantor under the Pari Passu Intercreditor Agreement with the same force and effect as if originally named therein as a Grantor, and the New Grantor hereby agrees to all the terms and provisions of the Pari Passu Intercreditor Agreement applicable
to it as a Grantor thereunder. Each reference to a “Grantor” in the Pari Passu Intercreditor Agreement shall be deemed to include the New Grantor. The Pari Passu Intercreditor Agreement is hereby incorporated herein by reference.

 SECTION 2. The New Grantor represents and warrants to the Collateral Agent and the other Second Lien Secured Parties that
this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. 

SECTION 3. This Supplement may be executed in counterparts, each of which shall constitute an original, but all of which when taken
together shall constitute a single contract. This Supplement shall become effective when the Collateral Agent shall 

 
have received a counterpart of this Supplement that bears the signature of the New Grantor. Delivery of an executed signature page to this Supplement by facsimile transmission shall be as
effective as delivery of a manually signed counterpart of this Supplement. 
 SECTION 4. Except as expressly supplemented
hereby, the Pari Passu Intercreditor Agreement shall remain in full force and effect. 
 SECTION 5. THIS SUPPLEMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 6. In case any one or more of
the provisions contained in this Supplement should be held invalid, illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or
unenforceable, but the validity, legality and enforceability of the remaining provisions contained herein and in the Pari Passu Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith
negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 7. All communications and notices hereunder shall be in writing and given as provided in Section 5.01 of the Pari Passu
Intercreditor Agreement. All communications and notices hereunder to the New Grantor shall be given to it in care of the Borrower as specified in the Pari Passu Intercreditor Agreement. 

SECTION 8. The Borrower agrees to reimburse the Collateral Agent for its reasonable out-of-pocket expenses in connection with this
Supplement, including the reasonable fees, other charges and disbursements of counsel for the Collateral Agent. 

 IN WITNESS WHEREOF, the New Grantor and the Collateral Agent have duly executed this
Supplement to the Pari Passu Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW GRANTOR],
		
	By	 	 
		 	Name:
		 	Title:

  

			
	Acknowledged by:
	
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,
 as Collateral Agent,

		
	By	 	 
		 	Name:
		 	Title:
	
	[                        ], as 
Initial Additional Authorized Representative,
		
	By	 	 
		 	Name:
		 	Title:

 EXHIBIT H 
 [FORM OF] INTEREST ELECTION REQUEST 
 Wilmington Trust, National Association, 

    as Administrative Agent 

520 Madison Avenue 
 New York, NY 10022-4213

 Attention: Chris Monigle 
 Fax:
212.415.0513 
 [Date] 

Ladies and Gentlemen: 

Reference is made to the Second Lien Credit Agreement dated as of August 20, 2013 (as amended, supplemented or otherwise modified as
of the date hereof, the “Second Lien Credit Agreement”), among TriNet HR Corporation, TriNet Group, Inc., the Lenders from time to time party thereto and Wilmington Trust, National Association, as Administrative Agent. Capitalized
terms used but not otherwise defined herein shall have the meanings specified in the Second Lien Credit Agreement. This notice constitutes an Interest Election Request and the Borrower hereby gives you notice, pursuant to Section 2.07 of the
Second Lien Credit Agreement, that it requests the conversion or continuation of a Borrowing under the Second Lien Credit Agreement, and in that connection the Borrower specifies the following information with respect to such Borrowing and each
resulting Borrowing: 
  

							
		  	1.	  	Borrowing to which this request applies:	  	
		  		  	            Class:26	  	
		  		  	  
	  	
		  		  	            Principal Amount:	  	
		  		  	  
	  	
		  		  	            Type:27	  	
		  		  	  
	  	
		  		  	            Interest Period:28	  	
		  		  	  
	  	
				
		  	2.	  	Effective date of this election:29	  	
		  		  	  
	  	

  

	26	 Specify Term
Borrowing, Incremental Term Borrowing or Refinancing Term Loan Borrowing of a particular Series. 

	27	 Specify ABR
Borrowing or Eurodollar Borrowing. 

	28	 In the case of a
Eurodollar Borrowing, specify the last day of the current Interest Period therefor. 

	29	 Must be a Business
Day. 

  
 H-1

							
		  	3.	  	Resulting Borrowing[s]30	  	
		  		  	            Class:31	  	
		  		  	  
	  	
		  		  	            Principal Amount:32	  	
		  		  	  
	  	
		  		  	            Type:33	  	
		  		  	  
	  	
		  		  	            Interest Period:34	  	
		  		  	  
	  	

  

					
	Very truly yours,
	
	TRINET HR CORPORATION,
			
		 	by	 	 
		 		 	Name:
		 		 	Title:

  

	30 	 If different options are being elected with respect to different portions of the Borrowing, provide the information required by this item 3 for each
resulting Borrowing. Each resulting Borrowing shall be in an aggregate amount that is an integral multiple of, and not less than, the amount specified for a Borrowing of such Type in Section 2.02(c) of the Second Lien Credit Agreement.

	31	 Specify whether
the resulting Borrowing is to be a Term Borrowing, Incremental Term Borrowing or Refinancing Term Loan Borrowing of a particular Series. 

	32	 Indicate the
principal amount of the resulting Borrowing and the percentage of the Borrowing in item 1 above. 

	33	 Specify whether
the resulting Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing. 

	34	 Applicable only if
the resulting Borrowing is to be a Eurodollar Borrowing, shall be subject to the definition of “Interest Period” and can be a period of one, two, three or six months (or, to the extent made available by all Lenders participating in the
requested Borrowing, twelve months), and cannot extend beyond the Maturity Date. If an Interest Period is not specified, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

  
 H-2

 EXHIBIT I-1 
 [FORM OF] PERFECTION CERTIFICATE 
 August 20, 2013 

Reference is made to that certain Second Lien Credit Agreement, dated as of August 20, 2013 (the “Credit
Agreement”), among TriNet HR Corporation, a California corporation (the “Borrower”), TriNet Group, Inc., a Delaware corporation (“Holdings”), the lenders party thereto and Wilmington
Trust, National Association, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”) (the following terms used herein shall have the meaning given to such terms in the Uniform Commercial Code as
in effect in the jurisdiction applicable to such Collateral: Certificated Security, Commercial Tort Claims, Deposit Account, Documents, Electronic Chattel Paper, Equipment, Goods, Instruments, Inventory, Letter-of-Credit Right, Securities Account,
Securities Intermediary and Tangible Chattel Paper; other capitalized terms not defined herein shall have the meaning given to such terms in the Credit Agreement). Each of Holdings and the Borrower hereby certifies, on behalf of itself and each
other Loan Party, as follows: 
  

	1.	Names/Identification.  

  

	 	(a)	In accordance with the USA Patriot Act, for each Loan Party, the information contained on Schedule 1(a) is true and correct. 

 

	 	(b)	Except as set forth on Schedule 1(b) hereto, no Loan Party has been party to a merger, consolidation or other change in corporate structure within the past five
(5) years. 

  

	2.	Locations. 

  

	 	(a)	Set forth on Schedule 2(a) hereto a list of all locations (including street address) of fee interests in real property owned by any Loan Party with a fair market
value equal to or greater than $5,000,000. 

  

	 	(b)	Set forth on Schedule 2(b) hereto is a list of all locations (including street address) of real property leased by a Loan Party. 

 

	 	(c)	Set forth on Schedule 2(c) hereto is a list of all leased locations (including street address) where a Loan Party maintains any Equipment, Inventory or other
tangible personal property with a fair market value equal to or greater than $1,000,000. 

  

	 	(d)	Set forth on Schedule 2(d) hereto are the names and addresses of all warehousemen, bailees or other Persons (other than a Loan Party or a Subsidiary) which have
possession of any Equipment, Inventory or other tangible personal property owned by any Loan Party or in which any Loan Party has any interest with a fair market value equal to or greater than $1,000,000. 

 

	3.	Subsidiaries. Set forth on Schedule 3 hereto is a complete and accurate list of all Subsidiaries of each Loan Party, together with (a) the
jurisdiction of incorporation/formation, (b) the number of shares of each class of capital stock or other Equity Interests outstanding, (c) the number and percentage of outstanding shares of each class owned (directly or indirectly) by
such Loan Party and (d) an indication as to whether the shares are certificated. 

  
 I-1-1

	4.	Other Certificated Securities and Equity Interests. A complete and accurate list of all Certificated Securities and Equity Interests in any other Person
(other than those of a Subsidiary identified pursuant to Section 3 above) owned by each Loan Party. 

  

	5.	Instruments, Tangible Chattel Paper and Documents. A complete and accurate list of all Instruments, Tangible Chattel Paper, Electronic Chattel Paper and
Documents owned by each Loan Party is identified on Schedule 5 hereof to the extent any such items has a fair market value (or represents property having a fair market value or an amount payable) equal to or greater than $1,000,000.

  

	6.	Patents, Trademarks, Copyrights. All patents, trademarks and registered copyrights owned by each Loan Party as of the date hereof, all patent
applications, trademark applications and copyright applications made by each Loan Party as of the date hereof and all patent licenses, trademark licenses and copyright licenses to which a third party is granting (or has granted) rights to any Loan
Party as of the date hereof are listed on Schedule 6 hereof. 

  

	7.	Deposit Accounts. A complete and accurate list of all Deposit Accounts maintained by each Loan Party with a depository bank is set forth on Schedule
7 hereof, including (a) the financial institution with which such account is maintained, (b) the name of such account, (c) the account number, (d) a recent value for such account (and the date of such value) and
(e) whether such account is an Excluded Account, except to the extent that the average daily balance (during any thirty (30) calendar day period) of any single Deposit Account (other than Excluded Accounts) not identified on Schedule
7 exceeds $1,000,000 and, in the aggregate, of the funds held in all such Deposit Accounts and Securities Accounts (in each case, other than Excluded Accounts) not identified on Schedule 7 and Schedule 8 hereto does not exceed
$3,000,000. 

  

	8.	Securities Accounts. A complete and accurate list of all Securities Accounts maintained by such Loan Party is set forth on Schedule 8 hereof,
including (a) the Securities Intermediary with which such account is maintained, (b) the name of such account, (c) the account number, (d) a recent value for such account (and the date of such value) and (e) whether such
account is an Excluded Account, except to the extent that the average daily balance (during any thirty (30) calendar day period) of any single Securities Account (other than Excluded Accounts) not identified on Schedule 8 exceeds
$1,000,000 and, in the aggregate, of the funds held in all such Deposit Accounts and Securities Accounts (in each case, other than Excluded Accounts) not identified on Schedule 7 and Schedule 8 hereto does not exceed $3,000,000.

  

	9.	Commercial Tort Claims and Letter of Credit Rights. A complete and accurate list of (i) all Commercial Tort Claims of any Loan Party with a value
equal to or greater than $1,000,000 is set forth on Schedule 9 hereof and (ii) all and/or Letter of Credit Rights is set forth in Schedule 9 hereof. 

 

	10.	Insurance. A complete and accurate list of all insurance polices currently maintained by the Loan Parties are identified on Schedule 10 hereof.

  

	11.	Organization Chart. A copy of the current organizational structure of the Loan Parties is attached as Exhibit A hereto. 

 

	12.	Lien Search Results. File search reports have been obtained from the applicable Uniform Commercial Code filing office, and such search reports
reflect no Liens against any of the Collateral other than those permitted under the Credit Agreement. 

[Signatures Follow] 

  
 I-1-2

 IN WITNESS WHEREOF, I have hereunto set my hand the date first listed above. 

 

			
	TRINET GROUP, INC.
		
	By:	 	 
	Name:
	Title:

  

			
	TRINET HR CORPORATION
		
	By:	 	 
	Name:
	Title:

  
 I-1-3

 Schedule 1(a) 
 PATRIOT ACT INFORMATION 
  

									
	Legal Name of Loan Party:	 		 		 		 	
					
	Previous Legal Names within the past 4 months:	 		 		 		 	
					
	All Other Names:	 		 		 		 	
					
	State of Organization:	 		 		 		 	
					
	Type of Organization:	 		 		 		 	
					
	Jurisdictions Qualified to do Business:	 		 		 		 	
					
	Address of Chief Executive Office:	 		 		 		 	
					
	Address of Principal Place of Business:	 		 		 		 	
					
	Business Phone Number:	 		 		 		 	
					
	Organizational Identification Number:	 		 		 		 	
					
	Federal Tax Identification Number:	 		 		 		 	
					
	Ownership Information (e.g. publicly held, if private or partnership—identity of owners/partners):	 		 		 		 	

  
 I-1-4

 Schedule 1(b) 
 MERGERS/CONSOLIDATIONS/CHANGES IN CORPORATE STRUCTURE 
  

			
	
NAME OF GRANTOR:
	  	 MERGER OR OTHER
CORPORATE REORGANIZATION:

		  	

  
 I-1-5

 Schedule 2(a) 
 LOCATIONS OF OWNED REAL PROPERTY 

  
 I-1-6

 Schedule 2(B) 
 LOCATIONS OF LEASED REAL PROPERTY 
  

															
	 Office
	  	 Street Address 1
	  	 Address2
	  	 City
	  	 State
	  	 Zip
	  	 Landlord Entity
	  	 Landlord Address

		  		  		  		  		  		  		  	

  
 I-1-7

 Schedule 2(c) 
 LOCATIONS OF TANGIBLE PERSONAL 

PROPERTY/BOOKS/RECORDS/EQUIPMENT/INVENTORY/GOODS 
  

			
	 Loan Party
	  	 Location of Real Property

  
 I-1-8

 Schedule 2(d) 
 OTHER PERSONS HAVING POSSESSION OF EQUIPMENT/INVENTORY/TANGIBLE 
 PERSONAL
PROPERTY 
  

			
	 Loan Party
	  	 Location of Real Property

		  	

  
 I-1-9

 Schedule 3 
 SUBSIDIARIES 
  

											
	 Subsidiary
	  	 Jurisdiction

of

Incorporation

/ Formation
	  	 Number of

Shares of

Capital Stock /
 Equity
 Interests
	  	 Outstanding

Shares
	  	 % Owned
	  	 Shares

Certificated

		  		  		  		  		  	

  
 I-1-10

 Schedule 4 
 OTHER CERTIFICATED SECURITIES 

  
 I-1-11

 Schedule 5 
 INSTRUMENTS, TANGIBLE CHATTEL PAPER AND DOCUMENTS 

  
 I-1-12

 Schedule 6 
 PATENTS, TRADEMARKS, REGISTERED COPYRIGHTS, 
 PATENT LICENSES, TRADEMARK
LICENSES, COPYRIGHT LICENSES 
 COPYRIGHTS AND COPYRIGHT APPLICATIONS: 

PATENTS AND PATENT APPLICATIONS: 

TRADEMARKS AND TRADEMARK APPLICATIONS: 
  

											
	 Mark
	  	 App. No.
	  	 Reg. No.
	  	 Filing Date
	  	 Reg. Date
	  	 Owner

		  		  		  		  		  	

  
 I-1-13

 LICENSES 

  
 I-1-14

 Schedule 7 
 DEPOSIT ACCOUNTS 
  

											
	 Bank
	  	 Address
	  	 Account Type
	  	 Account

Number
	  	 Entity
	  	 Balance as of

6/30/13

		  		  		  		  		  	

  
 I-1-15

 Schedule 8 
 SECURITIES ACCOUNTS 
  

											
	 Bank
	  	 Address
	  	 Account Type
	  	 Account

Number
	  	 Entity
	  	 Balance as of

6/30/13

		  		  		  		  		  	

  
 I-1-16

 Schedule 9 
 COMMERCIAL TORT CLAIMS 
 AND 

LETTER OF CREDIT RIGHTS 

COMMERCIAL TORT CLAIMS 

LETTER OF CREDIT RIGHTS 

  
 I-1-17

 Schedule 10 
 INSURANCE 
  

															
	 Use of Coverage
	  	 Carrier
	  	 Policy No.
	  	 Retention/Deductibles
	  	 Limits
	  	 Attach
	  	 Expire
	  	 Deposit

Premium

	
		  		  		  		  		  		  		  	

  
 I-1-18

 EXHIBIT A 

  
 I-1-19

 EXHIBIT I-2 
 [FORM OF] SUPPLEMENTAL PERFECTION CERTIFICATE 
 [l], 20[l] 
 Reference is made to that certain Second Lien Credit Agreement, dated as of
August 20, 2013 (the “Credit Agreement”), among TriNet HR Corporation, a California corporation (the “Borrower”), TriNet Group, Inc., a Delaware corporation (“Holdings”),
the lenders party thereto and Wilmington Trust, National Association, as Administrative Agent for the Lenders (in such capacity, the “Agent”) (the following terms used herein shall have the meaning given to such terms in the
Uniform Commercial Code as in effect in the jurisdiction applicable to such Collateral: Certificated Security, Commercial Tort Claims, Deposit Account, Documents, Electronic Chattel Paper, Equipment, Goods, Instruments, Inventory, Letter-of-Credit
Right, Securities Account, Securities Intermediary and Tangible Chattel Paper; other capitalized terms not defined herein shall have the meaning given to such terms in the Credit Agreement). This Certificate is delivered pursuant to
Section 5.03(b) of the Credit Agreement. Each of Holdings and the Borrower hereby certifies, on behalf of itself and each other Loan Party, as follows: 
  

	1.	Names/Identification.  

  

	 	(a)	In accordance with the USA Patriot Act, for each Loan Party, the information contained on Schedule 1(a) is true and correct. 

 

	 	(b)	Except as set forth on Schedule 1(b) hereto, no Loan Party has been party to a merger, consolidation or other change in corporate structure within the past five
(5) years. 

  

	2.	Locations. 

  

	 	(a)	Set forth on Schedule 2(a) hereto a list of all locations (including street address) of fee interests in real property owned by any Loan Party with a fair market
value equal to or greater than $5,000,000. 

  

	 	(b)	Set forth on Schedule 2(b) hereto is a list of all locations (including street address) of real property leased by a Loan Party. 

 

	 	(c)	Set forth on Schedule 2(c) hereto is a list of all leased locations (including street address) where a Loan Party maintains any Equipment, Inventory or other
tangible personal property with a fair market value equal to or greater than $1,000,000. 

  

	 	(d)	Set forth on Schedule 2(d) hereto are the names and addresses of all warehousemen, bailees or other Persons (other than a Loan Party or a Subsidiary) which have
possession of any Equipment, Inventory or other tangible personal property owned by any Loan Party or in which any Loan Party has any interest with a fair market value equal to or greater than $1,000,000. 

 

	3.	Subsidiaries. Set forth on Schedule 3 hereto is a complete and accurate list of all Subsidiaries of each Loan Party, together with (a) the
jurisdiction of incorporation/formation, (b) the number of shares of each class of capital stock or other Equity Interests outstanding, (c) the number and percentage of outstanding shares of each class owned (directly or indirectly) by
such Loan Party and (d) an indication as to whether the shares are certificated. 

  
 I-2-1

	4.	Other Certificated Securities and Equity Interests. A complete and accurate list of all Certificated Securities and Equity Interests in any other Person
(other than those of a Subsidiary identified pursuant to Section 3 above) owned by each Loan Party. 

  

	5.	Instruments, Tangible Chattel Paper and Documents. A complete and accurate list of all Instruments, Tangible Chattel Paper, Electronic Chattel Paper and
Documents owned by each Loan Party is identified on Schedule 5 hereof to the extent any such items has a fair market value (or represents property having a fair market value or an amount payable) equal to or greater than $1,000,000.

  

	6.	Patents, Trademarks, Copyrights. All patents, trademarks and registered copyrights owned by each Loan Party as of the date hereof, all patent
applications, trademark applications and copyright applications made by each Loan Party as of the date hereof and all patent licenses, trademark licenses and copyright licenses to which a third party is granting (or has granted) rights to any Loan
Party as of the date hereof are listed on Schedule 6 hereof. 

  

	7.	Deposit Accounts. A complete and accurate list of all Deposit Accounts maintained by each Loan Party with a depository bank is set forth on Schedule
7 hereof, including (a) the financial institution with which such account is maintained, (b) the name of such account, (c) the account number, (d) a recent value for such account (and the date of such value) and
(e) whether such account is an Excluded Account, except to the extent that the average daily balance (during any thirty (30) calendar day period) of any single Deposit Account (other than Excluded Accounts) not identified on Schedule
7 exceeds $1,000,000 and, in the aggregate, of the funds held in all such Deposit Accounts and Securities Accounts (in each case, other than Excluded Accounts) not identified on Schedule 7 and Schedule 8 hereto does not exceed
$3,000,000. 

  

	8.	Securities Accounts. A complete and accurate list of all Securities Accounts maintained by such Loan Party is set forth on Schedule 8 hereof,
including (a) the Securities Intermediary with which such account is maintained, (b) the name of such account, (c) the account number, (d) a recent value for such account (and the date of such value) and (e) whether such
account is an Excluded Account, except to the extent that the average daily balance (during any thirty (30) calendar day period) of any single Securities Account (other than Excluded Accounts) not identified on Schedule 8 exceeds
$1,000,000 and, in the aggregate, of the funds held in all such Deposit Accounts and Securities Accounts (in each case, other than Excluded Accounts) not identified on Schedule 7 and Schedule 8 hereto does not exceed $3,000,000.

  

	9.	Commercial Tort Claims and Letter of Credit Rights. A complete and accurate list of (i) all Commercial Tort Claims of any Loan Party with a value
equal to or greater than $1,000,000 is set forth on Schedule 9 hereof and (ii) all and/or Letter of Credit Rights is set forth in Schedule 9 hereof. 

 

	10.	Insurance. A complete and accurate list of all insurance polices currently maintained by the Loan Parties are identified on Schedule 10 hereof.

  

	11.	Organization Chart. A copy of the current organizational structure of the Loan Parties is attached as Exhibit A hereto.

  

	12.	Lien Search Results. File search reports have been obtained from the applicable Uniform Commercial Code filing office, and such search reports reflect no
Liens against any of the Collateral other than those permitted under the Credit Agreement. 

  
 I-2-2

 [Signature Page to Follow] 

  
 I-2-3

 IN WITNESS WHEREOF, I have hereunto set my hand the date first listed above. 

 

			
	TRINET GROUP, INC.
		
	By:	 	 
	Name:
	Title:

  

			
	TRINET HR CORPORATION
		
	By:	 	 
	Name:
	Title:

 [Signature Page to Supplemental Perfection Certificate] 

  
 I-2-4

 Schedule 1(a) 
 PATRIOT ACT INFORMATION 
  

									
	Legal Name of Loan Party:	 		 		 		 	
					
	Previous Legal Names within the past 4 months:	 		 		 		 	
					
	All Other Names:	 		 		 		 	
					
	State of Organization:	 		 		 		 	
					
	Type of Organization:	 		 		 		 	
					
	Jurisdictions Qualified to do Business:	 		 		 		 	
					
	Address of Chief Executive Office:	 		 		 		 	
					
	Address of Principal Place of Business:	 		 		 		 	
					
	Business Phone Number:	 		 		 		 	
					
	Organizational Identification Number:	 		 		 		 	
					
	Federal Tax Identification Number:	 		 		 		 	
					
	Ownership Information (e.g. publicly held, if private or partnership—identity of owners/partners):	 		 		 		 	

  
 I-2-5

 Schedule 1(b) 
 MERGERS/CONSOLIDATIONS/CHANGES IN CORPORATE STRUCTURE 
  

			
	
NAME OF GRANTOR:
	  	 MERGER OR OTHER
CORPORATE REORGANIZATION:

  
 I-2-6

 Schedule 2(a) 
 LOCATIONS OF OWNED REAL PROPERTY 

  
 I-2-7

 Schedule 2(B) 
 LOCATIONS OF LEASED REAL PROPERTY 
  

															
	 Office
	 	 Street Address 1
	 	 Address2
	  	 City
	  	 State
	  	 Zip
	  	 Landlord Entity
	  	 Landlord Address

		 		 		  		  		  		  		  	

  
 I-2-8

 Schedule 2(c) 
 LOCATIONS OF TANGIBLE PERSONAL 

PROPERTY/BOOKS/RECORDS/EQUIPMENT/INVENTORY/GOODS 
  

			
	 Loan Party
	  	 Location of Real Property

		  	

  
 I-2-9

 Schedule 2(d) 
 OTHER PERSONS HAVING POSSESSION OF EQUIPMENT/INVENTORY/TANGIBLE 
 PERSONAL
PROPERTY 
  

			
	 Loan Party
	  	 Location of Real Property

		  	

  
 I-2-10

 Schedule 3 
 SUBSIDIARIES 
  

											
	 Subsidiary
	 	 Jurisdiction

of

Incorporation

/ Formation
	 	 Number of

Shares of

Capital Stock /
 Equity
 Interests
	  	Outstanding
Shares	  	% Owned	  	Shares
Certificated
		 		 		  		  		  	

  
 I-2-11

 Schedule 4 
 OTHER CERTIFICATED SECURITIES 

  
 I-2-12

 Schedule 5 
 INSTRUMENTS, TANGIBLE CHATTEL PAPER AND DOCUMENTS 

  
 I-2-13

 Schedule 6 
 PATENTS, TRADEMARKS, REGISTERED COPYRIGHTS, 
 PATENT LICENSES, TRADEMARK
LICENSES, COPYRIGHT LICENSES 
 COPYRIGHTS AND COPYRIGHT APPLICATIONS: 

PATENTS AND PATENT APPLICATIONS: 

TRADEMARKS AND TRADEMARK APPLICATIONS: 
  

											
	 Mark
	  	 App. No.
	  	 Reg. No.
	  	 Filing Date
	  	 Reg. Date
	  	 Owner

		  		  		  		  		  	

  
 I-2-14

 LICENSES 

  
 I-2-15

 Schedule 7 
 DEPOSIT ACCOUNTS 
  

											
	 Bank
	  	 Address
	  	 Account Type
	  	 Account

Number
	  	 Entity
	  	 Balance as of

6/30/13

		  		  		  		  		  	

  
 I-2-16

 Schedule 8 
 SECURITIES ACCOUNTS 
  

											
	 Bank
	  	 Address
	  	 Account Type
	  	 Account Number
	  	 Entity
	  	 Balance as of

6/30/13

		  		  		  		  		  	

  
 I-2-17

 Schedule 9 
 COMMERCIAL TORT CLAIMS 
 AND 

LETTER OF CREDIT RIGHTS 

COMMERCIAL TORT CLAIMS 

LETTER OF CREDIT RIGHTS 

  
 I-2-18

 Schedule 10 
 INSURANCE 
  

															
	 Use of Coverage
	  	 Carrier
	  	 Policy No.
	  	 Retention/Deductibles
	  	 Limits
	  	 Attach
	  	 Expire
	  	 Deposit

Premium

	
		  		  		  		  		  		  		  	

  
 I-2-19

 EXHIBIT A 

  
 I-2-20

 EXHIBIT J 
 [FORM OF] SOLVENCY CERTIFICATE 
 OF 

TRINET GROUP, INC. 
 AND ITS SUBSIDIARIES 
 This Certificate is being delivered pursuant to
Section 4.01(l) of the Second Lien Credit Agreement dated as of August 20, 2013 (as amended, supplemented or otherwise modified as of the date hereof, the “Second Lien Credit Agreement”), among TriNet HR Corporation (the
“Borrower”), TriNet Group, Inc. (“Holdings”), the lenders from time to time party thereto and Wilmington Trust, National Association, as Administrative Agent. Capitalized terms used but not otherwise defined herein
shall have the meanings specified in the Second Lien Credit Agreement. 
 The undersigned hereby certifies that he or she is the
Chief Financial Officer of Holdings and that he or she is knowledgeable of the financial and accounting matters of Holdings and the other Loan Parties, the Second Lien Credit Agreement and the covenants and representations (financial and other)
contained therein and that, as such, he or she is authorized to execute and deliver this Certificate on behalf of Holdings. 

The undersigned, solely in his or her capacity as Chief Financial Officer of Holdings, and not in his or her individual capacity,
believes, based upon current assumptions, which will by necessity involve uncertainties and approximations, but which he or she does not believe to be unreasonable in light of the circumstances applicable thereto, and upon the best of his or her
knowledge, that on the date hereof, immediately after giving effect to the Transactions to occur on the date hereof, including the making of each Loan to be made on the date hereof and the application of the proceeds of such Loans: 

(a) the fair value of the assets of Holdings and the Subsidiaries, taken as a whole, will exceed their debts and liabilities,
subordinated, contingent or otherwise (taken as a whole) (it being understood that the amount of contingent liabilities at any time shall be computed as the amount that, in light of all the facts and circumstances existing at such time, represents
the amount that can reasonably be expected to become an actual or matured liability); 
 (b) the present fair saleable value of
the assets of Holdings and the Subsidiaries, taken as a whole, will be greater than the amount that will be required to pay the probable liability on their debts and other liabilities, subordinated, contingent or otherwise (taken as a whole), as
such debts and other liabilities become absolute and matured; 
 (c) Holdings and the Subsidiaries, taken as a whole, will be
able to pay their debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and 
 (d) Holdings and the Subsidiaries, taken as a whole, will not have unreasonably small capital with which to conduct the business in which they are engaged, as such business is conducted at the time of and
is proposed to be conducted following the Effective Date. 

  
 J-1

 [Signature page follows] 

  
 J-2

 IN WITNESS WHEREOF, the undersigned has executed this Certificate on the date first written
above. 
  

			
	TRINET GROUP, INC.,
		
	By:	 	  

		 	Name:
		 	Title: Chief Financial Officer

  
 J-3

 EXHIBIT K-1 
 [FORM OF] U.S. TAX CERTIFICATE FOR FOREIGN LENDERS THAT ARE NOT 

PARTNERSHIPS FOR U.S. FEDERAL INCOME TAX PURPOSES 
 Reference is made to the Second Lien Credit Agreement dated as of August 20, 2013 (as amended, supplemented or otherwise modified as of the date hereof, the “Credit Agreement”),
among TriNet HR Corporation (the “Borrower”), TriNet Group, Inc. (“Holdings”), the lenders from time to time party thereto and Wilimington Trust, National Association, as Administrative Agent. Capitalized terms used
but not otherwise defined herein shall have the meanings specified in the Credit Agreement. 
 Pursuant to the provisions of
Section 2.17 of the Credit Agreement, the undersigned hereby certifies that (a) it is the sole record and beneficial owner of the Loan(s) (as well as any promissory note(s) evidencing such Loan(s)) in respect of which it is providing this
certificate, (b) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (c) it is not a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (d) it is not a
controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned
has furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (a) if the information provided on this
certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent and (b) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently
effective certificate in either the calendar year in which any payment is to be made to the undersigned, or in either of the two calendar years preceding any such payment. 

 

			
	[NAME OF LENDER],
		
	By:	 	  

		 	Name:
		 	Title:
	Date:	 	

  
 K-1-1

 EXHIBIT K-2 
 [FORM OF] U.S. TAX CERTIFICATE FOR FOREIGN LENDERS THAT ARE 
 PARTNERSHIPS FOR
U.S. FEDERAL INCOME TAX PURPOSES 
 Reference is made to the Second Lien Credit Agreement dated as of August 20, 2013
(as amended, supplemented or otherwise modified as of the date hereof, the “Credit Agreement”), among TriNet HR Corporation (the “Borrower”), TriNet Group, Inc. (“Holdings”), the lenders from time
to time party thereto and Wilimington Trust, National Association, as Administrative Agent. Capitalized terms used but not otherwise defined herein shall have the meanings specified in the Credit Agreement. 

Pursuant to the provisions of Section 2.17 of the Credit Agreement, the undersigned hereby certifies that (a) it is the sole
record owner of the Loan(s) (as well as any promissory note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (b) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as
any promissory note(s) evidencing such Loan(s)), (c) with respect to the extension of credit pursuant to the Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank
extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (d) none of its direct or indirect partners/members is a ten percent
shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (e) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in
Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Administrative Agent and the Borrower with
IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio exemption: (a) an IRS Form W-8BEN or (b) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such
partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (a) if the information provided on this certificate changes, the undersigned shall
promptly so inform the Borrower and the Administrative Agent and (b) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the
calendar year in which any payment is to be made to the undersigned, or in either of the two calendar years preceding any such payment. 
  

			
	[NAME OF LENDER],
		
	By:	 	  

		 	Name:
		 	Title:
	Date:	 	

  
 K-2-1

 EXHIBIT K-3 
 [FORM OF] U.S. TAX CERTIFICATE FOR FOREIGN PARTICIPANTS THAT ARE NOT 

PARTNERSHIPS FOR U.S. FEDERAL INCOME TAX PURPOSES 
 Reference is made to the Second Lien Credit Agreement dated as of August 20, 2013 (as amended, supplemented or otherwise modified as of the date hereof, the “Credit Agreement”),
among TriNet HR Corporation (the “Borrower”), TriNet Group, Inc. (“Holdings”), the lenders from time to time party thereto and Wilimington Trust, National Association, as Administrative Agent. Capitalized terms used
but not otherwise defined herein shall have the meanings specified in the Credit Agreement. 
 Pursuant to the provisions of
Section 2.17 of the Credit Agreement, the undersigned hereby certifies that (a) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (b) it is not a bank within the
meaning of Section 881(c)(3)(A) of the Code, (c) it is not a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (d) it is not a controlled foreign corporation related to the
Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its participating Lender with a
certificate of its non-U.S. Person status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (a) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender
in writing and (b) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which any payment is to be made to the undersigned, or in either of
the two calendar years preceding any such payment. 
  

			
	[NAME OF LENDER],
		
	By:	 	  

		 	Name:
		 	Title:
	Date:	 	

  
 K-3-1

 EXHIBIT K-4 
 [FORM OF] U.S. TAX CERTIFICATE FOR FOREIGN PARTICIPANTS THAT ARE 

PARTNERSHIPS FOR U.S. FEDERAL INCOME TAX PURPOSES 
 Reference is made to the Second Lien Credit Agreement dated as of August 20, 2013 (as amended, supplemented or otherwise modified as of the date hereof, the “Credit Agreement”),
among TriNet HR Corporation (the “Borrower”), TriNet Group, Inc. (“Holdings”), the lenders from time to time party thereto and Wilimington Trust, National Association, as Administrative Agent. Capitalized terms used
but not otherwise defined herein shall have the meanings specified in the Credit Agreement. 
 Pursuant to the provisions of
Section 2.17 of the Credit Agreement, the undersigned hereby certifies that (a) it is the sole record owner of the participation in respect of which it is providing this certificate, (b) its direct or indirect partners/members are the
sole beneficial owners of such participation, (c) with respect such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary
course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (d) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the
Code and (e) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of
its partners/members that is claiming the portfolio interest exemption: (a) an IRS Form W-8BEN or (b) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming
the portfolio interest exemption. By executing this certificate, the undersigned agrees that (a) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (b) the undersigned shall
have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which any payment is to be made to the undersigned, or in either of the two calendar years preceding any such
payment. 
  

			
	[NAME OF LENDER],
		
	By:	 	  

		 	Name:
		 	Title:
	Date:	 	

  
 K-4-1

 EXHIBIT L 
 [FORM OF] PROMISSORY NOTE 
  

			
	$[            ]	  	[             ,     ]

 For value received, the undersigned TriNet HR Corporation (the “Borrower”), hereby
promises to pay to [             ] (“Payee”) the principal amount of [             ] Dollars ($[ ]) or, if less,
the aggregate outstanding principal amount of the Loans (as defined in the Credit Agreement referred to below) made by the Payee to the Borrower, together with interest on the unpaid principal amount of such Loans on such date, until such principal
amount is paid in full, at such interest rates, and at such times, as are specified in the Credit Agreement (as defined below). The Borrower may make prepayments on this Note in accordance with the terms of the Credit Agreement. 

This Note is one of the notes referred to in, and is entitled to the benefits of, and is subject to the terms of, the Second Lien Credit
Agreement dated as of August 20, 2013 (as amended, supplemented or otherwise modified as of the date hereof, the “Credit Agreement”) among TriNet HR Corporation, TriNet Group, Inc., the Lenders from time to time party thereto
and Wilmington Trust, National Association, as Administrative Agent (the “Administrative Agent”). Capitalized terms used in this Note that are defined in the Credit Agreement and not otherwise defined in this Note have the meanings
assigned to such terms in the Credit Agreement. The Credit Agreement, among other things, (a) provides for the making of the Loans by the Payee to the Borrower in an aggregate amount not to exceed at any time outstanding the Dollar amount first
above mentioned and (b) contains provisions for acceleration of the maturity of this Note upon the happening of certain events stated in the Credit Agreement and for prepayments of principal prior to the maturity of this Note upon the terms and
conditions specified in the Credit Agreement. 
 Both principal and interest are payable in lawful money of the United States of
America to the Administrative Agent at the location or address specified by the Administrative Agent to the Borrower in same day funds. The Payee shall record payments of principal made under this Note, but no failure of the Payee to make such
recordings shall affect the Borrower’s repayment obligations under this Note. Except as specifically provided in the Credit Agreement, the Borrower hereby waives presentment, demand, protest, notice of intent to accelerate, notice of
acceleration, and any other notice of any kind. No failure to exercise, and no delay in exercising, any rights hereunder on the part of the holder of this Note shall operate as a waiver of such rights. 

  
 L-1

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK. 
  

			
	TRINET HR CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

  
 L-2EX-10.15

 Exhibit 10.15 

CREEKSIDE PLAZA 
 OFFICE
LEASE 
 Creekside Associates, LLC, 

A California Limited Liability Company 

As Landlord, 
 And

 TriNet Group, Inc. 

a Delaware Corporation, 

as Tenant. 

 Summary of Basic Lease Information 

This Summary of Basic Lease Information (the “Summary”) is hereby incorporated into and made a part of the attached Office Lease (this Summary and
the Office Lease to be known collectively as the “Lease”) which pertains to the multi-office project described in Section 6.1 below (the “Project”). Each reference in the Office Lease to any term of this Summary shall
have the meaning as set forth in this Summary for such term. In the event of a conflict between the terms of this Summary and the Office Lease, the terms of the Office Lease shall prevail. Any initially capitalized terms used herein and not
otherwise defined herein shall have the meaning as set forth in the Office Lease. 
  

					
		  	 TERMS OF LEASE
 (References are to the
Office Lease
	  	DESCRIPTION
			
	1.	  	Dates as of:	  	April 24, 2001
			
	2.	  	Landlord:	  	CREEKSIDE ASSOCIATES LLC, a
		  		  	California limited liability company
			
	3.	  	Address of Landlord	  	2656 Bridgeway, Suite 200
		  	(Section 28.14):	  	Sausalito, CA 94965
		  		  	Attention: David Irmer
			
		  		  	With a copy to:
			
		  		  	T. Lawrence Jett
		  		  	1815 Aston Avenue, Suite 106
		  		  	Carlsbad, CA 92008
			
		  		  	And to:
			
		  		  	Richard W. Sweat, Esq.
		  		  	Post Kirby Noonan & Sweat LLP
		  		  	600 West Broadway, Suite 1100
		  		  	San Diego, CA 92101
			
	4.	  	Tenant:	  	TriNet Group, Inc., a Delaware corporation
			
	5.	  	Address of Tenant	  	TriNet Group, Inc.
		  	(Section 28.14):	  	101 Callan, San Leandro, CA 94577
		  		  	Attention: Douglas P. Devlin
		  		  	(Prior to Lease Commencement Date)
			
		  		  	And Suite
		  		  	San Leandro, California
		  		  	Attention:
		  		  	(After Lease Commencement Date)

  
 i 

					
	6.	  	Premises (Article 1).	  	
			
		  	6.1     Project:	  	As defined in Section 1.1 of the Lease
			
		  	6.2     Building:	  	Building A is a four story building having approximately 100,350 square feet of gross building area and 97,914 square feet of rentable space, all as shown in the exterior elevations and summary plans attached hereto as
Exhibit A. Notwithstanding anything to the contrary Landlord shall not lease or permit the Building to be used for any purpose other than general office use consistent with first-class office building projects.
			
		  	6.3     Premises:	  	A portion of Building A containing approximately 48,693 rentable square feet (this includes a pro rata share of the main lobby) of Creekside Plaza, San Leandro, California
			
		  	6.4     Tenant Improvements	  	Landlord will construct all Tenant Improvements agreed upon by Landlord and Tenant for Tenant’s initial occupancy as described in Section 1.1.3. Landlord shall bear the cost of such Tenant Improvements up to
$25.00 per rentable square foot of space, which is $1,217,325.00 based upon the area of the Premises set forth in Section 6.3 above. Tenant shall bear the cost of the Tenant Improvements in excess of that amount.
	7.	  	Term (Article 2).	  	
			
		  	7.1     Lease Term:	  	15 years and a partial month so the term ends on the last day of a calendar month.
			
		  	7.2     Lease Commencement Date:	  	The earlier of (i) the date Tenant occupies all or a portion of the Premises (other than in connection with the construction of the same), and (ii) the date that the
Landlord’s

  
 ii 

					
		  		  	work as described in Exhibit A is substantially completed (subject to only minor punch-list items) and the Premises is deliver to Tenant via a joint walk-through within two business days after Landlord’s receipt of the
certificate of occupancy; the common areas are substantially completed, including all paving, striping and landscaping; and the parking structure is substantially complete to the extent that vehicles can use same. Landlord shall work with Contractor
to ensure that all punch-list items are corrected within sixty (60) days of the Lease Commencement Date, unless otherwise mutually agreed upon by the parties hereto.
			
		  	7.3     Lease Expiration Date:	  	The last day of the month in which the 15th anniversary of the Lease Commencement Date occurs.
			
		  	7.4     Option	  	Two (2) Five (5) year options at same terms and conditions as the Lease. Tenant to have first right of refusal to any Tenant vacating space on Floor 1 and/or 2 in Building A.
			
	8.	  	Base Rent (Article 3):	  	$2.10 per Sq. Ft. net net net. Which means that the tenant pays as rent it’s pro rata share (based upon tenant’s share of rentable square footage of the Building) of landlord’s insurance, real estate taxes, utilities
and maintenance cost. Expenses are allocable to the building for common area maintenance based on the rentable square footage of the building compared to other Buildings in the Project.

  

					
	 Lease Year
	  	Annual Base Rent	  	Monthly Installment
of Base Rent
	 Year 1 Building A
	  	$1,227,064 net net net	  	$102,255 net net net

 Assumes gross building area and rentable square footage set forth in Section 6.2 and 6.3 above. 

 

					
			
	9.	  	Base Rent Adjustments	  	Annual increase in rent based on C.P.I.
		  	(Article 4).	  	Increase not to exceed 5% in any given year.

  
 iii 

					
	10.	  	 Security Deposit
 (Article 21):
	  	Irrevocable Letter of Credit in the amount of $700,000 upon execution of the Lease.
			
	11.	  	Number of Parking Space	  	160 parking spaces.
		  	(Article 27):	  	
			
	12.	  	Brokers Commission Section 28.20)	  	Kerry & Assoc.
		  		  	151 Callan Avenue, Suite 202
		  		  	San Leandro, CA 94577
		  		  	$5.00 per sq. ft. payable upon execution of lease
			
	13.	  	 Permitted Use
 (Section 5):
	  	General office use consistent with a first class office building project.
			
	14.	  	Rules and Regulations	  	Subject to Tenant’s rights hereunder, Landlord may impose reasonable and nondiscriminatory rules and regulations for the use of the Common Areas by Landlord, Tenant and other tenants of the Project (“Rules and
Regulations”). Landlord agrees to enforce such rules and regulations equally against all tenants, including Tenant. The Rules and Regulations in effect at the Lease Commencement Date are those attached hereto as Exhibit B.

  
 iv 

 EXHIBITS 
  

	A	SITE PLAN, EXTERIOR ELEVATIONS AND SCHEMATIC PLANS 

  

	B	RULES AND REGULATIONS 

  

	C	NOTICE OF LEASE TERM DATES 

  

	D	GENERAL MAINTENANCE PLAN 

  

	E	ATTORNMENT AND NONDISTURBANCE AGREEMENT 

  
 v 

 Table of Contents 

 

					
	 	  	Page	 
		
	 Article 1 Premises, Buildings, Project, Tenant Improvements and Common Area
	  	 	1	  
	 Article 2 Lease Term
	  	 	4	  
	 Article 3 Base Rent
	  	 	6	  
	 Article 4 Base Rent Adjustments
	  	 	6	  
	 Article 5 Use of Premises
	  	 	7	  
	 Article 6 Services and Utilities
	  	 	7	  
	 Article 7 Maintenance and Repairs
	  	 	9	  
	 Article 8 Additions and Alterations
	  	 	9	  
	 Article 9 Covenant Against Liens
	  	 	11	  
	 Article 10 Insurance
	  	 	11	  
	 Article 11 Damage and Destruction
	  	 	13	  
	 Article 12 Nonwaiver
	  	 	15	  
	 Article 13 Condemnation
	  	 	16	  
	 Article 14 Assignment and Subletting
	  	 	17	  
	 Article 15 Surrender of Premises; Removal of Trade Fixtures
	  	 	19	  
	 Article 16 Holding Over
	  	 	20	  
	 Article 17 Estoppel Certificates
	  	 	20	  
	 Article 18 Subordination
	  	 	21	  
	 Article 19 Defaults: Remedies
	  	 	21	  
	 Article 20 Attorneys’ Fees
	  	 	24	  
	 Article 21 Security Deposit
	  	 	24	  
	 Article 22 Signs
	  	 	24	  
	 Article 23 Compliance with Law
	  	 	25	  
	 Article 24 Late Charges
	  	 	25	  
	 Article 25 Landlord’s Right to Cure Default; Payments By Tenant
	  	 	25	  
	 Article 26 Entry by Landlord
	  	 	26	  
	 Article 27 Tenant Parking
	  	 	27	  
	 Article 28 Miscellaneous Provisions
	  	 	27	  
	 Exhibit A Site Plan, Exterior Elevations and TI Plans
	  	 	1-6	  
	 Exhibit B Rules and Regulations
	  	 	1-4	  
	 Exhibit C Notice of Lease Term Dates
	  	 	1-2	  
	 Exhibit D General Maintenance Plan
	  	 	1	  
	 Exhibit E Attornment and Nondisturbance Agreement
	  	 	1-5	  

  
 vi 

 INDEX OF MAJOR DEFINED TERM 

 

			
	IN OFFICE LEASE	  	 DEFINED TERMS

LOCATION OF DEFINITION

		
	Additional Rent	  	        Article 24
	Base Rent	  	        Article 3
	Base Year	  	        Section 4.1.3
	Building	  	        Article 1
	Consumer Price Index	  	        Section 4.1.1
	Force Majeure	  	        Section 28.13
	Holidays	  	        Section 6.1 & 27.1
	Lease Commencement Date	  	        Article 2
	Lease Expiration Date	  	        Article 2
	Lease Term	  	        Article 2
	Lease Year	  	        Article 2
	Net Net Net (Triple Net)	  	        Article 3
	Notices	  	        Section 28.14
	Premises	  	        Article 1
	Security Deposit	  	        Article 21
	Successive Year	  	        Section 4
	Transfer Notice	  	        Section 14.4
	Transfer Premium	  	        Section 14.3
	Transferee	  	        Section 14.5

  
 vii 

 OFFICE LEASE 

This Office Lease, which includes the preceding Summary of Basic Lease Information (the “Summary”) attached hereto as pages
(i) through (iv) and incorporated herein by this reference (the Office Lease and Summary to be known sometimes collectively hereafter as the “Lease”). Dated as of the date set forth in Section 1 of the Summary, is made by
and between “Landlord” and “Tenant” as those terms are defined in Sections 2 and 4 of the Summary, respectively. 
  

	1.	Article 1 Premises, Building, Project, Tenant Improvements and Common Areas, and the Adjacent Project 

1.1 Premises, Building, Tenant Improvements, Project and Common Areas. 

1.1.1 The Premise. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the premises set forth in Section 6.3 of the
Summary (the “Premises”). The Site Plan, Exterior Elevations and Schematic Plans for the Premises are attached as Exhibit A hereto. The parties hereto agree that the lease of the Premises is upon and subject to the terms, covenants
and conditions herein set forth, and Tenant covenants as a material part of the consideration for this Lease to keep and perform each and all of such terms, covenants and conditions by it to be kept and performed and that this Lease is made upon the
condition of such performance. The Plans attached, as Exhibit A shall not be changed in any material way without Tenant’s consent, which Tenant shall not unreasonably withhold. Exhibit A also shows the approximate location of
Building and the location of the “Common Areas,” as that term is defined in Section 1.1.3 below. Except as specifically set forth in this Lease, Landlord shall not be obligated to provide or pay for any improvement work or
services related to the improvement of the Premises. Tenant also acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty regarding the condition of the Premises, the Building or the Project or with
respect to the suitability of any of the foregoing for the conduct of Tenant’s business, except as specifically set forth in this Lease. Upon taking of possession of the Premises, Tenant shall determine whether the Premises at such time are in
good and sanitary order, condition and repair. Tenant shall inform Landlord within forty-five (45) days of taking occupancy of its initial “punch list” of items needing repair. Failure to place a defect on the initial punch list shall
not affect Landlord’s obligations under Section 1.4 of this Lease. 
 1.1.2 The Building and The Project. The Premise is described in
Section 6.3 of the Summary ( “Premises”). Whenever the term “Building” is used, it refers to Building A. The Building is part of an office project known as “Creekside.” The term “Project,” as used
in this Lease, shall mean (i) the Buildings and the Common Areas relating to it, (ii) the land (which is improved with landscaping, Surface parking and or parking structure facilities and other improvements) upon which the Buildings and
the Common Areas are located, (iii) the other office building located adjacent to the Building and the land upon which such adjacent office buildings are located, and (iv) at Landlord’s discretion, any additional real property areas,
land, buildings or other improvements added thereto outside of the Project. 

  
 1 

 1.1.3 Tenant Improvements. Landlord will construct all Tenant Improvements agreed upon by Landlord and
Tenant for Tenant’s initial occupancy, and Landlord will not unreasonably withhold its consent to Tenant-requested Tenant Improvements suitable for Tenant’s use of the Building for its corporate headquarters. Landlord shall bear up to
Twenty-Five Dollars ($25.00) per rentable square foot of the cost of Tenant Improvements, which totals One Million Two Hundred Seventeen Thousand Three Hundred Twenty-five Dollars ($1,217,325.00) based upon the area of the Premises set forth in
Section 6.3 of the Summary. Tenant shall bear all costs of Tenant Improvements in excess of that amount. Landlord is obligated to construct the shell of the Building, which includes the following which are not considered Tenant
Improvements: 
 a. The Structure of the Building shall be complete and water tight, including roofing, architectural sheet metal and complete finished
exterior walls. 
 b. Exterior walls shall have R-19 insulation in the wall. 

c. All site work for the Building shall be complete, including hardscape, landscape, paving, utilities and site lighting. 

d. Each floor of the Building shall have two (2) core restrooms, one men’s and one women’s, complete and finished, including all plumbing
fixtures, toilet partitions, toilet accessories, ceramic tile floors, ceramic tile wainscot on wet walls to a height of four (4) feet, toilet exhaust system, sprinkler drops at the drywall ceiling and associated lighting and power receptacles.

 e. Two (2) hydraulic elevators serving all floors, complete with rated shafts, separate equipment room, sumps, ladders, grates and elevators with
factory standard finishes. The elevator access to the Premises shall be restricted and only available via keycard or other locking device. The cost to restrict elevator access shall be at the Tenant’s sole cost and expense. 

f. Two (2) exiting stairwells serving all floors in the building, complete with all rated partitions and doors, with the stairs to be of steel
construction with concrete filled pans for treads. 
 g. The building shall have heating, ventilation and air conditioning units mounted on the roof with
equipment appropriate to accommodate normal office use, with the shell to include vertical distribution of the supply and return ducting and all associated fire rated shafts. The shell does not include any portion of the distribution system on each
floor, such as the individual floor loop piping systems. The shell does not include equipment for special cooling requirements for computer rooms or data centers. 

h. Electrical system bringing power to each floor but not any portion of the distribution system on each floor. The shell will include the main switch gear,
installed with a house panel provided to accommodate site lighting, life-safety monitoring and landscape irrigation circuits. Power will be provided to all elevators, all heating, ventilation and air conditioning equipment. The shell includes a
floor sub panel for each floor. 
 i. A fire sprinkler system for the entire shell with ceiling drops as required for other shell components such as
restrooms, mechanical rooms, stairwells and shafts. All other drops and sprinkler system equipment are not included in the shell. 

  
 2 

 j. Plumbing system to include roof drains and overflows, gas to rooftop, HVAC units, condensation piping for
rooftop mechanical units, trunk sewer line under the slab on grade, all core restroom fixtures and related waste, vent and water piping, hot water heaters to provide warm water for restrooms, and drinking fountain and janitor sinks on each floor.

 The following are considered part of the Tenant Improvements: 

(i) Lobby construction on Floors 3 and 4 of Building A. 
 (ii)
Distribution systems for HVAC and electrical power on each floor. 
 (iii) A generator adjacent to Building A and the systems to distribute the generated
power shall be considered Tenant Improvements if Tenant elects to include such equipment as Tenant Improvements. 
 (iv) A service elevator and all related
costs to install if Tenant elects to include such elevator as a Tenant Improvements. 
 Tenant Improvement plans shall be prepared by the
Tenant by August 1, 2001, and approved by the Landlord on or before September 1, 2001. Tenant’s share of Tenant Improvement costs shall be deposited with the construction lender at the lender’s discretion but in no event later
than August 1, 2001. A commitment for funding the Tenant’s share of Tenant Improvement costs must be available at lease signing. A copy of the as-built Tenant Improvement plan shall be attached to this Lease upon completion of the Tenant
Improvement work. 
 1.1.4 Common Areas. Tenant shall have the nonexclusive right to use in common with other tenants in the Project, and subject to
the rules and regulations referred to in Article 5 of this Lease, those portions of the Project which are provided, from time to time, for use in common by Landlord, Tenant and any other tenants of the Project (such areas, together with such
other portions of the Project designated by Landlord, in its discretion, including certain areas designated for the exclusive use of certain tenants, or to be shared by Landlord and certain tenants, are collectively referred to herein as the
“Common Areas”). Subject to the terms of this Lease, the Landlord shall maintain the Common Areas in a first-class manner and in accordance with the General Maintenance Plan attached hereto as Exhibit D, but the exact manner in
which the tenants Common Areas are maintained and operated shall be determined by the Landlord, and the use thereof shall be subject to such reasonable rules, regulations and restrictions as Landlord may make from time to time pursuant to Article
5 below. Tenant shall pay its pro rata share of cost of maintaining the common areas and of maintaining the Creekwalk area as required by the City of San Leandro. Such maintenance costs shall be allocated among Buildings based upon the relative
rentable square footage of the buildings. If Tenant believes that Landlord is not maintaining the Common Areas in a first-class manner, Tenant shall notify Landlord in writing if oral requests are not responded to in a timely manner. If Landlord
fails, on three (3) occasions within any two (2) year period in its maintenance obligations, Tenant may require Landlord to employ a third party property manager to supervise maintenance of the Common Areas. Landlord reserves the right to
close temporarily, make alterations or additions to, or change the location of elements of the Project and the Common Areas provided that 

  
 3 

 
changes to the Common Areas do not interfere in any material way with Tenant’s access to and use of the Premises. Landlord specifically agrees that access to the parking portions of the
Common Areas shall be controlled by gates activated by a card system or other system appropriate to ensure that, as much as possible, use of the parking area is restricted to persons employed by or having business with tenants in the Project. 

1.2 The Adjacent Project. The Project is located in the same city block with, and is adjacent to, another office project known as the “Creekside
Plaza.” All reference in this Lease to the “Adjacent Project” shall be deemed to refer to the neighboring Creekside Plaza project. 
 1.3
Verification of Rentable Square Feet of Premises and Building. For purposes of this Lease, “rentable square feet” shall be calculated according to the Standard Method for Measuring Floor Area in Office Building, ANSI Z65.1 –
1996 (“BOMA”), provided that the rentable square footage of the Premises shall include all of the gross building area of the third and forth floor and a pro rata share of the first floor main lobby, less the mechanical shaft on the third
and forth floor and the two (2) stairwells on the third and fourth floors. The rentable square feet of the Premises and the Building is subject to verification from time to time by Landlord’s planner/designer and Tenant’s
planner/designer, and such verification shall be made in accordance with the provisions of this Article 1. All amounts, percentages and figures appearing or referred to in this Lease based upon any incorrect rentable square footage
(including, without limitation, the amount of the “Rent,” as that term is defined in Section 4.1 of this Lease) shall be modified in accordance with such determination. If such determination is made, it will be confirmed in
writing by Landlord to Tenant. 
 1.4 Landlord’s Guarantee of Construction. Landlord guarantees all work performed in its construction of the
Premises against defective workmanship and materials for a period of one (1) year from the date of substantial completion thereof and shall, at Landlord’s sole cost and expense, repair and replace any such defective workmanship or material
upon Tenant’s written request. If any latent defects are found-to exist at any time during the term hereof, Landlord shall correct the same at Landlord’s cost. 

1.5 Completion of Premises. Landlord agrees to commence grading on the Project on or before May 1, 2001, and agrees that the Premises will be
ready for occupancy, including Tenant Improvements, by September 1, 2002. If the Premises is not ready for occupancy by December 31; 2002, Tenant shall-have the right to terminate this Lease. By taking occupancy, Tenant waives that right.

  

	2.	Article 2 Lease Term 

 2.1 Lease Term. The terms and provisions of this Lease shall be effective
as of the date of this Lease. The term of this Lease (the “Lease Term”) shall be as set forth in Section 7.1 of the of the Summary and shall commence on the date (the “Lease Commencement Date”) set forth in
Section 7.2 of the Summary, and shall terminate on the date (the “Lease Expiration Date”) set forth in Section 7.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. As described in
Section 7.4 of the Summary and in Section 2.2 below, the Tenant shall have the option to extend the Lease Term. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month
period during the Lease Term; provided, 

  
 4 

 
however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth month thereafter and the second and each succeeding Lease Year shall
commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in
Exhibit C, attached hereto, which Tenant shall execute and return to Landlord within ten (10) days of receipt thereof. 
 2.2 Options to
Extend Lease Term. Provided Tenant is not in default at the time of each exercise, Tenant shall have two (2) options to extend the term of the Lease, each for a period of five (5) years, upon all of the terms and conditions herein
stated. Landlord shall give written notice to Tenant no later than two hundred seventy (270) days prior to the end of the initial term and the then current term of the Lease that Tenant’s option to extend will expire if not exercised and
the date of expiration. Tenant shall provide written notice to Landlord no later than one hundred eighty (180) days prior to the expiration of the initial term or the then current term of the Lease of Tenant’s option to extend the initial
term or the then current term. 
 2.3 Option Term Rent. Minimum rent for the option periods (if such option is exercised) shall be Fair Market Rent,
determined in accordance with the following, except that in no event shall the Base Rent for the option term be less than the Base Rent in effect at the end of the immediately preceding portion of the Lease Term. At least ninety (90) days prior
to the commencement date of the time period for which a determination of Fair Market Rent is required under the Lease, the parties shall meet and endeavor to agree upon the Fair Market Rent of the Premises as of the first day of the applicable
period. In determining the Fair Market Rent for the Premises, the Premises shall be compared only to Class A office buildings of a similar quality and size in the same County. If, within forty-five (45) days, the parties cannot agree upon
the Fair Market Rent for the Premises as of the first day of the applicable time period, the parties shall submit the matter to binding appraisal in accordance with the following procedure: Within sixty (60) days from the date of the first
meeting between Landlord and Tenant, the parties shall either (1) jointly appoint an appraiser for this purpose, or (2) failing this joint action, separately designate a disinterested appraiser. The parties shall each pay one-half
(1/2) of the fees and expenses of the jointly appointed appraiser; or, if the parties separately designate disinterested appraisers, the parties shall pay the fees and expenses of the appraiser appointed or designated by such party, and no
person may be appointed as an appraiser unless he or she has at least five (5) years’ experience in appraising Class A office buildings in the same County and is a member of a recognized society of real estate appraisers. If the two
(2) appraisers thus appointed cannot reach an agreement on the Fair Market Rent within thirty (30) days after their appointment, the appraisers thus appointed shall appoint a third disinterested appraiser having like qualifications. If,
within twenty (20) days after the third appraiser has been chosen, a majority of the appraisers cannot reach an agreement on the Fair Market Rent, then the average of the two (2) closest appraisals shall determine the Fair Market Rent.
Each party shall pay one-half (1/2) of the fees and expenses of the third appraiser. In the event the parties have not agreed upon the Fair Market Rent of the Premises upon the commencement date of the applicable option period, then Tenant
shall make a payment of Base Rent equal to the monthly installment required to be paid for the last month of the expired term each and every month until the Fair Market Rent has been determined. Upon such determination, the agreed upon Fair Market
Rent shall be retroactive to the commencement date of the applicable Period. Tenant shall, within ten (10) days thereafter, make up any accumulated deficiency for all months of the applicable option period. From and after Fair Market Rent has
been determined, Base Rent shall increase and be adjusted at the same rate as such adjustments were made during the initial term (i.e., annual CPI increases not to exceed five percent (5%)). 

  
 5 

	3.	Article 3 Base Rent 

 Tenant shall pay, without notice or demand, to Landlord by
electronic funds transfer to the bank account identified by Landlord, or in such other commercially reasonable manner as the parties may agree, base rent (“Base Rent”) as set forth in Section 8 of the Summary, payable in equal
monthly installments as set forth in Section 8 of the Summary in advance on or before the first day of each and every calendar month during the Lease Term, without any setoff or deduction whatsoever. The Base Rent is net net net (triple
net), with Tenant paying pro rata share of all real estate taxes, insurance, utilities and maintenance as set forth in this lease. Landlord will provide management services, reimbursed by Tenant on a pro rata basis. The Base Rent for the first full
calendar month of the Lease Term, shall be paid at the Lease Commencement Date. If any Rent, payment date (including the Lease Commencement Date) falls on a day of a calendar month other than the first day of such calendar month or if any Rent
payment is for a period which is shorter than one calendar month such as during the last month of the Lease Term, the Rent for any fractional calendar month shall accrue on a daily basis for the period from the date such payment is due to the end of
such calendar month or to the end of the Lease Term at a rate per day which is equal to 1/365 of the Rent. All other payments or adjustments required to be made under the terms of this Lease that require proration on a time basis shall be prorated
on the same basis. 
  

	4.	Article 4 Base Rent Adjustments 

 4.1 The monthly rent, as specified in Article 3 above, shall be subject
to increases per, Section 9. of the summary and further described in the following manner: 
 4.1.1 Consumer Price Index. Consumer price
index adjustments (“the adjustment”) shall be made at the commencement of the second year of lease term and every successive year thereafter (“the adjustment date”) as follows: 

4.1.2 The basis for computing the adjustment shall be the U.S. Department of Labor, Bureau of Labor Statistic’s Consumer Price Index for All Urban
Consumers, all Items, 1982-84=100, for the San Francisco-Oakland area, (“Index”). The Index for the month immediately preceding the lease term commencement date shall be considered the “Beginning Index.” If the Index for the
month immediately preceding the adjustment date (“Comparison Index”) is the greater than the Beginning Index, the Base Rent shall be increased by multiplying the Base Rent set forth in Article 3 by a fraction, the numerator of which is the
Comparison Index and the denominator of which is the Beginning Index. Notwithstanding any subsequent decrease in the Index, the new Base Rent shall never be less than the rent for the month immediately preceding the adjustment date. On adjustment of
the Base Rent Lessor shall notify Lessee by letter stating the new Base Rent. 

  
 6 

 4.1.3 If the Index base year is changed so that it differs from 1982-84=100, the Index shall be converted in
accordance with the conversion factor published by the United States Department of Labor, Bureau of Labor Statistics. If the Index is discontinued or revised during the term, such other government index or computation with which it is replaced shall
be used in order to obtain substantially the same result as would be obtained if the index had not been discontinued or revised. 
 4.1.4 Notwithstanding
the above provision the increase in the Base Rent will not be more than five percent (5%) of the immediately preceding year’s Base Rent. For example only; if the rent payable immediately preceding the adjustment date is $100 and the C.P.I.
indexation is 1.04, then the maximum rent is $105 and the applicable rent is $104, the following year the figures will be 1.0816, $110.24 (max) respectively and $108.16 the applicable rent. 

 

	5.	Article 5 Use of Premises 

 Tenant shall use the Premises solely for the “Permitted
Use,” as that term is defined in Section 13 of the Summary, and Tenant shall not use or permit the Premises to be used for any other purpose or purposes whatsoever without the prior written consent of Landlord, which shall not be
unreasonably withheld or delayed. Landlord shall respond promptly to a request to change of use. Tenant further covenants and agrees that Tenant shall not use, or suffer or permit any person or persons to use, the Premises or any part thereof for
any use or purpose contrary to the Rules and Regulations, or in violation of the laws of the United States of America, the State of California, or the ordinances, regulations or requirements of the local municipal or county governing body or other
lawful authorities having jurisdiction over the Project. Tenant shall faithfully observe and comply with the Rules and Regulations set forth in Exhibit B attached hereto. Landlord shall not be responsible to Tenant for the nonperformance of
any of such Rules and Regulations by or-otherwise with respect to the acts or omissions of any other tenants or occupants of the Project. Tenant shall comply with all recorded covenants, conditions, and restrictions now or hereafter affecting the
Project. Tenant shall not use or allow another person or entity to use any part of the Premises for the storage, use, treatment, manufacture or sale of hazardous materials or substances as defined pursuant to any applicable federal, state or local
governmental or quasi-governmental law, code, ordinance, rule, or regulation. Landlord acknowledges, however, that Tenant will maintain products in the Premises which are incidental to the operation of its offices, such as photocopy supplies,
secretarial supplies and limited janitorial supplies, which products contain chemicals which are categorized as hazardous materials. Landlord agrees that the use of such products in the Premises in compliance with all applicable laws and in the
manner in which such products are designed to be used shall not be a violation by Tenant of this Article 5. 
  

	6.	Article 6 Services and Utilities 

 6.1 Standard Tenant Services. Landlord shall provide the
following services on all days during the Lease Term, unless otherwise stated below, and Tenant shall reimburse Landlord a pro-rata share of the cost and charges for utilities in connection with the services. If a separate meter for any utilities is
used for the premises, tenant shall pay all charges for such utilities. 
 6.1.1 Subject to all governmental rules, regulations and guidelines applicable
thereto, Landlord shall provide heating and air conditioning facilities which Tenant may use at such hours as Tenant may select when necessary for normal comfort for normal office use in the Premises. 

  
 7 

 6.1.2 Landlord shall provide adequate electrical wiring and facilities for connection to Tenant’s lighting
fixtures and incidental use equipment. Tenant shall pay for all utilities used at the Building, and Landlord shall cause the utilities to be separately metered so they can be placed in Tenant’s name. Tenant shall bear the cost of replacement of
lamps, starters and ballasts for non-building standard lighting fixtures within the Premises. 
 6.1.3 Landlord shall provide facilities to bring city water
to the regular Building outlets for drinking, lavatory and toilet purposes. Tenant to pay a pro-rata share of the cost of water. 
 6.1.4 Landlord shall
provide window washing services to the Building as least as often as provided to comparable first-class buildings in the vicinity of the Building, but in no event less than two (2) times per year. Tenant shall reimburse Landlord a pro-rata
share of the cost and all charges for utilities in connection with the services. 
 6.1.5 Landlord shall provide two (2) elevators in the Building to
be operated during such hours, as Tenant shall select. Landlord shall service and repair the elevators as needed. Tenant shall reimburse Landlord a pro-rata share of the cost. 

6.1.6 As part of the Tenant Improvements to be constructed by Landlord, the Building shall have an emergency, back-up power supply system that will assure the
continuous supply of electrical power to such portions of the Building as Tenant may elect. The specifications for such system shall be supplied by Tenant and installed by Landlord at Tenant’s expense as part of the Tenant Improvements. 

6.1.7 Landlord shall provide security personnel for the Common Areas from 8:00 a.m. to 5:00 p.m. Monday through Friday, excluding national holidays. Tenant
shall reimburse Landlord a pro-rata share of the costs and expenses of such security personnel. The need for such security personnel may be reviewed on the annual anniversary date of this Lease if requested by Landlord or Tenant. 

6.1.8 Landlord shall provide janitorial services to the common areas serving the Premises at least as often as provided in comparable first-class buildings,
but in no event less than Monday through Friday, nationally recognized holidays excluded. Tenant shall reimburse Landlords pro-rata share of the costs and expenses of such janitorial services. 

6.1.9 Landlord will use best effort to provide all services described above at a reasonable cost. 

6.2 Over standard Tenant Use. If Tenant’s use of the Building exceeds normal wear and tear, particularly with regard to utilities-providing
facilities, such as electrical facilities, heating and air conditioning, such that excessive wear and tear occurs, Tenant shall be responsible for the cost of remediating such excessive wear and tear. 

6.3 Interruption of Use. Tenant agrees that Landlord shall not be liable for damages, by abatement of Rent or otherwise, for failure to furnish or
delay in furnishing any service (including telephone and telecommunication services), or for any diminution in the quality or quantity thereof, when such failure or delay or diminution is occasioned, in whole or in part, by repairs, replacements, or
improvements, by any strike, lockout or other labor trouble, by inability to secure electricity, gas, water, or other fuel at the Project after reasonable effort to do so, by 

  
 8 

 
any accident or casualty whatsoever, by act or default of Tenant or other parties, or by any other cause beyond Landlord’s reasonable control; and such failures or delays or diminution shall
never be deemed to constitute an eviction or disturbance of Tenant’s use and possession of the Premises or relieve Tenant from paying Rent or performing any of its obligations under this Lease. Furthermore, Landlord shall not be liable under
any circumstances for a loss of, or injury to, property or for injury to, or interference with, Tenant’s business, including, without limitation, loss of profits, however occurring, through or in connection with or incidental to a failure to
furnish any of the services or utilities as set forth in this Article 6. Landlord may comply with voluntary controls or guidelines promulgated by any governmental entity relating to the use or conservation of energy, water, gas, light or
electricity or the reduction of automobile or other emissions without creating any liability of Landlord to Tenant under this Lease, provided that the Premises are not thereby rendered untenantable. If, however, Landlord defaults hereunder and fails
to provide Tenant the quiet enjoyment of the Premises in any material way after a reasonable opportunity to cure the default, Tenant may terminate this Lease. 
  

	7.	Article 7 Maintenance and Repairs 

 Landlord shall repair and maintain the structural
portions of the Building, and the plumbing, heating, ventilating, air-conditioning and electrical systems installed or furnished by Landlord and located within or outside the Premises, with tenant to pay its pro rata share of such expenses, unless
such maintenance and repairs are for structural elements of the Building or is caused by the act, neglect, fault or omission of any duty of Landlord. Tenant shall, at Tenant’s own expense, pursuant to the terms of this Lease, including without
limitation Article 8 hereof, keep the Premises, including all improvements, fixtures and furnishings therein, in good order, repair and condition at all times during the Lease Term, reasonable wear and tear excepted. If either Landlord or
Tenant fails in its obligations to make, or to commence making and diligently pursue, a repair under the terms of this Lease, after reasonable notice, assumed to be thirty (30) days in non-emergency situations, the other party may accomplish
the repair at the expense of the party failing to make the repair, provided such expense is reasonable, and provided the party charged has had a fair opportunity to accomplish the repair. Landlord may, but shall not be required to, enter the
Premises at all reasonable times to make such repairs, alterations, improvements and additions to the Premises or to the Project or to any equipment located in the Project as Landlord shall desire or deem necessary or as Landlord may be required to
do by governmental or quasi-governmental authority or court order or decree. Not withstanding the above except in cases of emergency, Landlord shall give Tenant two days advance written notice prior to entry into the Premises by, through or on
behalf of Landlord. Tenant hereby waives and releases its right to make repairs at Landlord’s expense under Sections 1941 and 1942 of the California Civil Code or under any similar law, statute, or ordinance now or hereafter in effect. 

 

	8.	Article 8 Additions and Alterations 

 8.1 Landlord’s Consent to Alterations. Tenant may make
any improvements, alterations, additions or changes to the Premises (collectively, the “Alterations”) consistent with general office use so long as such Alterations (i) have no effect on the exterior of the Building or its appearance,
(ii) do not block windows, (iii) do not result in demising walls ending in the middle of windows, (iv) have no effect on the structural elements, and (v) will not cause excessive wear on Building systems, such as electrical,
plumbing and HVAC systems, and no Landlord consent 

  
 9 

 
is required. All other Alterations require the prior written consent of Landlord, which consent shall not be unreasonably withheld. Landlord shall promptly respond to requests for its consent.
Such Alterations shall (i) comply with all applicable laws, ordinances, rules and regulations; (ii) are compatible with the Project and its mechanical, electrical, heating, ventilating, air-conditioning, and life safety systems;
(iii) are not visible from the exterior of the Building; and (iv) do not affect the structural portions of the Building. Tenant shall notify Landlord of all Alterations within thirty (30) days of completion and shall provide Landlord
with a copy of any “as built” plans and a copy of the improvement plans submitted to a governmental agency for issuance of a permit. The construction of the initial improvements to the Premises shall be in accordance with the Tenant
Improvement Plans, attached hereto as Exhibit D, and not the terms of this Article 8. 
 8.2 Manner of Construction. Landlord may
impose, as a condition of its consent to unique Alterations or repairs of the Premises the requirement that upon Landlord’s request, Tenant shall, at Tenant’s expense, remove such Alterations upon the expiration or any early termination of
the Lease Term, and/or the requirement that Tenant utilize for such purposes only contractors, materials, mechanics and materialmen selected by Landlord. Landlord may also require Tenant, at the expiration or early termination of the Lease Term, to
remove Tenant Improvements made without Landlord’s consent. Tenant shall construct such Alterations and perform such repairs in conformance with any and all applicable rules and regulations of any federal, state, county or municipal code or
ordinance and pursuant to a valid building permit, issued by the applicable governmental authorities. All work with respect to any Alterations must be done in a good and workmanlike manner and diligently prosecuted to completion to the end that the
Premises shall at all times be a complete unit except during the period of work. In performing the work of any such Alterations, Tenant shall have the work performed in such manner as not to unreasonably obstruct access to the Building, the Project,
or Common Areas for any other tenant of the Project, and as not to unreasonably obstruct the business of Landlord or other tenants in the Building and/or the Project, or unreasonably interfere with the labor force working in the Project. Upon
completion of any Alterations, Tenant agrees to cause a timely Notice of Completion to be recorded in the office of the County Recorder in accordance with the terms of Section 3093 of the Civil Code of the State of California or any successor
statute. 
 8.3 Payment for Improvements. Tenant shall promptly pay all contractors, subcontractors and materialmen supplying labor and materials to
any work being done by Tenant at the Premises. 
 8.4 Construction Insurance. In the event that Tenant makes any Alterations Tenant agrees to carry
“Builder’s All Risk” insurance in an amount reasonably approved by Landlord covering the construction of such Alterations, and such other insurance as Landlord may require, it being understood and agreed that all of such Alterations
shall be insured by Tenant pursuant to Article 10 of this Lease immediately upon completion thereof. 
 8.5 Landlord’s Property. All
Alterations, improvements, fixtures, signs and/or equipment which may be installed or placed in or about the Premises by Tenant shall be and become the property of Landlord, except that Tenant may remove any Alterations, improvements, fixtures
and/or equipment which Tenant can substantiate to Landlord have not been paid for with any tenant improvement allowance funds provided to Tenant by Landlord, provided Tenant repairs any damage to the Premises and the Building caused by such removal.
If Tenant fails to complete such removal and/or to repair any damage caused by the removal of any Alterations as required herein, Landlord may do so and may charge the cost thereof to Tenant. 

  
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	9.	Article 9 Covenant Against Liens 

 Tenant has no authority or power to cause or permit
any lien or encumbrance of any kind whatsoever, whether created by act of Tenant, operation of law or otherwise, to attach to or be placed upon the Project, the Building or the Premises, and any and all liens and encumbrances created by Tenant shall
attach to Tenant’s interest only. Landlord shall have the right at all times to post and keep posted on the Premises any notice which it deems necessary for protection from such liens. Tenant covenants and agrees not to suffer or permit any
lien of mechanics or materialmen or others to be placed against the Project, the Building or the Premises with respect to work or services claimed to have been performed for or materials claimed to have been furnished to Tenant or the Premises, and,
in case of any such lien attaching or notice of any lien, Tenant covenants and agrees to cause it to be immediately released and removed of record. Notwithstanding anything to the contrary set forth in this Lease , in the event that such lien is not
released and removed on or before the date occurring ten (10) days after Landlord’s written notice to Tenant, Landlord may immediately take all action necessary to release and remove the lien, without any duty-to investigate the validity
of it, unless Tenant has properly bonded against the lien as provided by law and has commenced legal action to contest, dispute or defend the claims of the lienholders or the validity of the liens and continues to prosecute such action to judgment.

  

	10.	Article 10 Insurance 

 10.1 Indemnification and Waiver. 

10.1.1 Absent Landlord’s gross negligence or willful misconduct, and to the ‘ extent not prohibited by law, Landlord, its partners, trustees,
ancillary trustees and their respective officers, directors, shareholders, beneficiaries, agents, servants, employees, and independent contractors (collectively, the “Landlord Parties”) shall not be liable for any damage either to person
or property or resulting from the loss of use thereof, which damage is sustained by Tenant or by other persons claiming through Tenant. Tenant shall indemnify, defend, protect, and hold harmless Landlord Parties from loss, cost, damage, expense and
liability (including without limitation court costs and reasonable attorneys’ fees) incurred in connection with or arising from any cause related to Tenant’s occupancy in, on or about the Premises or any acts, omissions or negligence of
Tenant or of any person claiming through Tenant and its officers, agents, servants, employees, and independent contractors (collectively, the “Tenant Parties”), in, on or about the Project, regardless of whether the claim is made during,
or after the expiration of the Lease Term, so long as the events giving rise to the claim occur during the Lease Term, provided that the terms of the foregoing indemnity shall not apply to the gross negligence or willful misconduct of Landlord or
the Landlord Parties. Should Landlord be named as a defendant in any suit brought against Tenant in connection with the foregoing indemnity, Tenant shall defend Landlord with counsel reasonably acceptable to Landlord, provided Landlord’s
insurer allows such arrangement. Further, Tenant’s agreement to indemnify Landlord pursuant to this Section 10.1 is not intended and shall not relieve any insurance carrier of its obligations under policies

  
 11 

 
required to be carried by Tenant pursuant to the provision of this Lease, to the extent such policies cover the matters subject to Tenant’s indemnification obligations; nor shall they
supersede any inconsistent agreement of the parties set forth in any other provision of this Lease. The provisions of this Section 10.1 shall survive the expiration or sooner termination of this Lease for a period of one (1) year
with respect to any claims or liability occurring prior to such expiration or termination. 
 10.1.2 After Tenant’s gross negligence or willful
misconduct, Landlord shall, with counsel selected by Landlord’s insurer, indemnify, defend and hold harmless Tenant Parties from and against all claims for damages to property outside the Premises to the extent that such claims are covered by
insurance carried or required to be carried by Landlord pursuant to the terms of this Lease. In addition, Landlord shall, with counsel reasonably acceptable to Tenant, indemnify, defend and hold harmless Tenant Parties from and against all claims
resulting from the gross negligence, omissions or willful misconduct of Landlord in connection with Landlord’s activities in, on or about the Project or the Building. 

10.2 Tenant’s Compliance with Landlord’s Fire and Casualty Insurance. The coverage and amounts of insurance carried by Landlord in connection
with the Project shall at a minimum be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of comparable buildings located in the vicinity of the Project. Tenant shall pay its pro rata share of such
insurance costs. Tenant shall, at Tenant’s expense, comply with all insurance company requirements pertaining to the Tenant’s use of the Premises for general office purposes. If Tenant’s conduct or use of the Premises causes any
increase in the premium for any insurance at Tenant’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

 10.3 Tenant’s Insurance. Tenant shall maintain at its expense the following coverages in the following amounts. 

10.3.1 Commercial General Liability Insurance covering the insured against claims of bodily injury, personal injury and property damage arising out of
Tenant’s operations, assumed liabilities or use of the Premises, including a Commercial General Liability endorsement covering the insuring provisions of this Lease and the performance by Tenant of the indemnity agreements set forth in
Section 10.1 of this Lease, for limits of liability not less than: (i) Bodily Injury and Property Damage Liability—$3,000,000 for each occurrence and $3,000,000 annual aggregate, and (ii) Personal Injury Liability
-$3,000,000 each occurrence and $3,000,000 annual aggregate. 
 10.3.2 Physical Damage Insurance covering (i) all office furniture, trade fixtures,
office equipment, merchandise and all other items of Tenant’s property on the Premises installed by, for, or at the expense of Tenant, (ii) the “Tenant Improvements,” as that term is defined in the Tenant Improvement Plans, and
(iii) all other improvements, alterations and additions to the Premises. Such insurance shall be written on an “all risks” of physical loss or damage basis, for the guaranteed replacement cost value new without deduction for
depreciation of the covered items and in amounts that meet any co-insurance clauses of the policies of insurance and shall include a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage coverage.

  
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 10.3.3 Loss-of-income and extra-expense insurance in such amounts as will reimburse Tenant for direct or indirect
loss of earnings attributable to all perils commonly insured against by prudent tenants or attributable to prevention of access to the Premises or to the Project as a result of such perils. 

10.3.4 Form of Policies. The minimum limits of policies of insurance required of Tenant under this Lease shall in no event limit the liability of
Tenant under this Lease. Such insurance shall (i) name Landlord, and any other party it so specifies by written notice, as an additional insured; (ii) specifically cover the liability assumed by Tenant under this Lease, including, but not
limited to, Tenant’s obligations under Section 10.1 of this Lease; (iii) be issued by an insurance company having a rating of not less than A-XII in Best’s Insurance Guide or which is otherwise acceptable to Landlord and
authorized to do business in the State of California; (iv) be primary insurance as to all claims thereunder and provide that any insurance carried by Landlord is excess and is noncontributing with any insurance requirement of Tenant;
(v) provide that said insurance shall not be canceled or coverage changed unless thirty (30) days’ prior written notice shall have been given to Landlord and any mortgagee of Landlord; and (vi) contain a cross-liability
endorsement or severability of interest clause acceptable to Landlord. Tenant shall delivery said policy or policies or certificates thereof to Landlord on or before the Lease Commencement Date and at least thirty (30) days prior before the
expiration dates thereof. Policies of insurance provided for herein may be carried under blanket or umbrella policies which the insuring party has in force. 

10.4 Subrogation. Landlord and Tenant agree to have their respective insurance companies issuing property damage insurance waive any rights of
subrogation that such companies may have against Landlord or Tenant, as the case may be, so long as the insurance carried by Landlord and Tenant, respectively, is not invalidated thereby. As long as such waivers of subrogation are contained in their
respective insurance policies, Landlord and Tenant hereby waive any right that either may have against the other on account of any loss or damage to their respective property to the extent such loss or damage is insurable under policies of insurance
for fire and all risk coverage, theft, or other similar insurance. If either party fails to carry the amounts and types of insurance required to be carried by its pursuant to this Article 10, in addition to any remedies the other party may
have under this Lease, such failure shall be deemed to be a covenant and agreement by such party to self-insure with respect to the type and amount of insurance which such party so failed to carry, with full waiver of subrogation with respect
thereto. 
  

	11.	Article 11 Damage and Destruction 

 11.1 Repair of Damage to Premises by Landlord. Tenant shall
promptly notify Landlord of any damage to the Premises resulting from fire or any other casualty or any condition existing in the Premises as a result of a fire or other casualty that would give rise to the terms of this Article 11. If the
Premises or any Common Areas of the Project serving or providing access to the Premises shall be damaged by fire or other casualty or be subject to a condition existing as a result of a fire or other casualty, Landlord shall promptly and diligently,
subject to reasonable 

  
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delays for insurance adjustment and permitting by the building department or other matters beyond Landlord’s reasonable control, and subject to all other terms of this Article 11,
restore the Building and such Common Areas to substantially the same condition as existed prior to the casualty, except for modifications required by zoning and building codes and other laws or by the holder of a mortgage on the Building or the
Project. Notwithstanding any other provision of this Lease, upon the occurrence of any damage to the Premises, upon notice (the “Landlord Repair Notice”) to Tenant from Landlord, Tenant shall assign to Landlord (or to any party designated
by Landlord) all insurance proceeds payable to Tenant under Tenant’s insurance required under Section 10.3 of this Lease covering Tenant Improvements that are fixtures, and Landlord shall repair any injury or damage to the Tenant
Improvements installed in the Premises and shall return such Tenant Improvements installed in the Premises and shall return such Tenant Improvements to their original condition; provided that if the cost of repair of Tenant Improvements not
originally constructed by Landlord exceeds the amount of insurance proceeds received by Landlord from Tenant’s insurance carrier, assigned by Tenant , the cost of such repairs shall be paid by Tenant to Landlord prior to Landlord’s repair
of the damage. Landlord shall not be liable for any inconvenience or annoyance to Tenant or its visitors, or injury to Tenant’s business resulting in any way from such damage or the repair thereof; provided however, that if such fire or other
casualty shall have damage the Premises or Common Areas necessary to Tenant’s occupancy, and if such damage is not the result of the negligence or willful misconduct of Tenant or Tenant’s employees, contractors, licensees, or invitees,
Landlord shall allow Tenant a proportionate abatement of Rent, during the time and to the extent the Premises are unfit for occupancy for the purposes permitted under this Lease, and not occupied by Tenant as a result thereof; provided, further, if
the Premises is damaged such that the remaining portion thereof is not sufficient to allow Tenant to conduct its business operations from such remaining portion and Tenant does not conduct its business operations therefrom, and if such damage is not
the result of the negligence or willful misconduct of Tenant or any of the Tenant Parties, Landlord shall allow Tenant a total abatement of Rent during the time and to the extent the Premises are unfit for occupancy for the purposes permitted under
this Lease, and not occupied by Tenant as a result of the subject damage. Since Tenant is carrying business interruption insurance, and Landlord is carrying rental-replacement insurance, Landlord and Tenant shall cooperate, each with the other, to
minimize the impact of the casualty upon the other party. Further, in the event that Tenant requests Landlord to construct modified Tenant Improvements in any rebuilding, Landlord may condition its consent to such modifications on confirmation by
Landlord’s architect (which confirmation Landlord shall pursue in good faith) that the modifications will not increase the scope of work or the time necessary to complete the Tenant Improvements and may further condition its consent to
Tenant’s agreement to pay any excess costs caused by such modifications. 
 11.2 Landlord and Tenant’s Option to Terminate Lease.
Notwithstanding the terms of Section 11.1 of this Lease, Landlord may elect not the rebuild and/or restore the Premises, the Building and/or the Project, and instead terminate this Lease by notifying Tenant in writing of such termination
within sixty (60) days after the date of damage, such notice to include a termination date giving Tenant ninety (90) days to vacate the Premises, but Landlord may so elect only if the Building or the Project shall be damaged by fire or
other casualty or cause or be subject to a condition existing as a result of such a fire or other casualty or cause, whether or not the Premises are affected, and one or more of the following conditions is present: (i) repairs cannot reasonably
be completed within one hundred eighty (180) days of the date of damage (when such 

  
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repairs are made without the payment of overtime or other premiums); (ii) the holder of any mortgage on the Building and/or the Project, or ground lessor with respect to the Project and/or
the Building shall require that the insurance proceeds or any portion thereof be used to retire the mortgage debt; or (iii) the damage or condition arising as a result of such damage is not fully covered, except for deductible amounts, by
Landlord’s insurance policies; provided, however, that if Landlord does not elect to terminate this Lease pursuant to Landlord’s termination right as provided above, and the repairs cannot be completed within two hundred ten
(210) days after being commenced, Tenant may elect, no earlier than sixty (60) days after the date of the damage and not later than ninety (90) days after the date of such damage, to terminate this Lease by written notice to Landlord
effective as of the date specified in the notice, which date shall not be less than thirty (30) days nor more than sixty (60) days after the date of the damage. Tenant may request that Landlord inform Tenant of Landlord’s reasonable
opinion of the date of completion of the repairs and Landlord shall respond to such request with five (5) business days. Tenant’s obligation to pay rent terminates the date of vacation of the Premises. 

11.3 Waiver of Statutory Provisions. The provisions of this Lease, including this Article 11, constitute an express agreement between Landlord
and Tenant with respect to any and all damage to, or destruction of, all or any part of the Premises, the Building, or the Project, and any statute or regulation of the State of California, including, without limitation, Sections 1932(2) and 1933(4)
of the California Civil Code, with respect to any rights or obligations concerning damage or destruction in the absence of an express agreement between the parties, and any other statute or regulation, now or hereafter in affect, shall have no
application to this Lease or any damage or destruction to all or any part of the Premises, the Building, or the Project. 
 11.4 Damage Near End of
Term. In the event that the Premises or the Building is destroyed or damaged to any substantial extent during the last eighteen (18) months of the Lease Term and, in the reasonable judgment of Landlord, the damage or destruction to the
Premises or the Building cannot be repaired by the date which is six (6) months prior to the Lease Expiration Date, then notwithstanding anything contained in this Article 11, either Landlord or Tenant shall have the option to terminate
this Lease by giving written notice to the other party of the exercise of such option with thirty (30) days after such damage or destruction, in which event this Lease shall cease and terminate as of the date of such notice, Tenant shall pay
the Base Rent and Additional Rent, properly apportioned up to such date of damage, and both parties hereto shall thereafter be freed and discharged of all further obligations hereunder, except as provided for in provisions of this Lease which by
their terms survive the expiration or earlier termination of the Lease Term. However, if Tenant has the right to extend the term of this Lease by exercising an option to do so under Article 2, Tenant may exercise such option and avoid
Landlord’s right to terminate this Lease. 
  

	12.	Article 12 Nonwaiver 

 No waiver of any provision of this Lease shall be implied by any
failure of either party to enforce any remedy on account of the violation of such provision, even if such violation shall continue or be repeated subsequently, any waiver by a party of any provision of this Lease may only be in writing, and no
express waiver shall affect any provision other than the one specified in such waiver and that one only for the time and in the manner specifically stated. No receipt of monies by a party after the termination of this Lease shall in any way alter
the length of the 

  
 15 

 
Lease Term or of either party’s right of possession hereunder or after the giving of any notice shall reinstate, continue or extend the Lease Term or affect any notice given to either party
prior to the receipt of such monies. It is agreed that after the service of notice or the commencement of a suit or after final judgment for possession of the Premises, Landlord may receive and collect any Rent due, and the payment of said Rent
shall not waive or affect said notice, suit or judgment. No payment by Tenant or receipt or acceptance by Landlord of a lesser amount than the correct Rent due shall be deemed to be other than a payment on account, nor shall any endorsement or
statement on any check or any letter accompanying any check or payment be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance, treat such partial payment
as a default or pursue any other remedy provided in this Lease or at law. Further, it is agreed that Tenant may receive a payment from Landlord, and such payment shall not waive or otherwise affect Tenant’s rights unless Tenant shall expressly
so agree. Further, no endorsement or statement of any check or any letter accompanying any check or payment shall be deemed in a court and satisfaction, and Tenant may accept such check or payment without prejudice to Tenant’s rights to recover
the balance, treat such partial payment as a default or pursue any other remedy provided in this Lease or at law. 
  

	13.	Article 13 Condemnation 

 If twenty-five percent (25%) or more of the Premises, the
Building, or the Project shall be taken by power of eminent domain or condemned by any competent authority for any public or quasi-public use or purpose, or if Landlord shall grant a deed or other instrument in lieu of such taking by eminent domain
or condemnation, Landlord shall have the option to terminate this Lease upon ninety (90) days’ notice, provided such notice is given no later than one hundred eighty (180) days after the date of such taking, condemnation,
reconfiguration, vacation, deed or other instrument. If any material portion of the Premises is taken, or if access to the Premises is substantially impaired, or parking areas allocated to Tenant are reduced by ten percent (10%) or more without
comparable replacement parking, Tenant shall have the option to terminate this Lease upon ninety (90) days’ notice, provided such notice is given no later than one hundred eighty (180) days after the date of such taking. Landlord
shall be entitled to receive the entire award or payment in connection therewith, except that (i) Tenant shall be entitled to a portion of such award based upon the amount paid by Tenant for Tenant Improvements at the time of construction of
the Building compared to the total amount paid by Landlord to acquire the Property and construct the Building and related common areas, and (ii) Tenant shall have the right to file any separate claim available to Tenant for any taking of
Tenant’s personal property and fixtures belonging to Tenant and removable by Tenant upon expiration of the Lease Term pursuant to the terms of this Lease, and for moving expenses, so long as such claim does not diminish the award available to
Landlord, its ground lessor with respect to the Building and/or the Project or its mortgagee, and such claim is payable separately to Tenant. All Rent shall be apportioned as of the date of such termination, or the date of such taking, whichever
shall first occur. If any part of the Premises shall be taken, and this Lease shall not be so terminated, the Rent shall be proportionately abated. Tenant hereby waives any and all rights it might otherwise have pursuant to Section 1265.1230 of
the California Code of Civil Procedure. 

  
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	14.	Article 14 Assignment and Subletting 

 14.1 Assignment by Tenant. Tenant may assign Tenant’s
interest in this Lease to a third party so long as (i) Tenant remains fully liable and responsible for the obligations imposed by this Lease and (ii) Landlord consents to such assignment, with such consent not to be unreasonably withheld.
If Tenant shall desire Landlord’s consent to any assignment, Tenant shall notify Landlord in writing, which notice (the “Notice”) shall include (i) the proposed effective date of the assignment, which shall not be less than thirty
(30) days nor more than one hundred eighty (180) days after the date of delivery of the Notice, (ii) all of the terms of the proposed assignment and the consideration therefor, including a calculation of the “Transfer
Premium,” as that term is defined in Section 14.3, below, in connection with such assignment, the name and address of the proposed assignee, and a copy of all existing and/or proposed documentation pertaining to the proposed
assignee, including all existing operative documents to be executed to evidence such assignment or the agreements incidental or related to such assignment, (iv) current financial statements of the proposed assignee certified by an officer,
partner or owner thereof, and any other information required by Landlord, which will enable Landlord to determine the financial responsibility, character, and reputation of the proposed assignee, nature of such assignee’s business and proposed
use of the Subject Space, (v) an executed estoppel certificate from Tenant in the form attached hereto as Exhibit E, and (vi) such other information as Landlord may reasonably require. Any assignment made without Landlord’s
prior written consent shall, at Landlord’s option, be null, void and of no effect, and shall, at Landlord’s option, constitute a default by Tenant under Section 19.1.2 of this Lease. Whether or not Landlord shall grant consent,
Tenant shall pay Landlord’s reasonable review and processing fees, as well as any reasonable legal fees incurred by Landlord, within thirty (30) days after written request by Landlord. 

14.2 Landlord’s Consent. Landlord shall not unreasonably withhold its consent to any proposed assignment of the Lease on the terms specified in
the Notice. The parties hereby agree that it shall be deemed to be reasonable under this Lease and under any applicable law for Landlord to withhold consent to any proposed assignment where one or more of the following apply, without limitation as
to other reasonable grounds for withholding consent: 
 14.2.1 The assignee is of a character or reputation or engaged in a business which is not consistent
with the quality of the Project; 
 14.2.2 The assignee is either a governmental agency or instrumentality thereof (i) which is that of a foreign
country, (ii) which is of a character or reputation, is engaged in a business, or is of, or is associated with, a political orientation or faction, which is inconsistent with the quality of the Project, or which would otherwise reasonably
offend a landlord of a comparable building located in the vicinity of the Project, (iii) which is capable of exercising the power of eminent domain or condemnation, or (iv) which would significantly increase the human traffic in the
Premises, the Building, and/or the Project: 
 14.2.3 The assignee’s intended use of the Premises is inconsistent with the Permitted Use; or 

14.2.4 The assignee is not a party of reasonable financial worth and/or financial stability in light of the responsibilities involved under the Lease on the
date consent is requested; 

  
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 14.2.5 Notwithstanding anything to the contrary in this Lease, if Tenant or any proposed assignee claims that
Landlord has unreasonably withheld or delayed its consent under Section 14.2 or otherwise has breached or acted unreasonably under this Article 14, their sole remedies shall be declaratory judgment and an injunction for the
relief sought without any monetary damages, and Tenant hereby waives any right at law or equity to terminate this Lease. 
 14.3 Assignment Premium.
If Landlord consents to an assignment as a condition thereto which the parties hereby agree is reasonable, Tenant shall pay to Landlord fifty percent (50%) of any “Transfer Premium,” as that term is defined in this
Section 14.3, received by Tenant from such assignee. “Transfer Premium” shall mean all rent, additional rent or other consideration payable by such assignee in excess of the Rent and Additional Rent payable by Tenant under this
Lease, on a per rentable square foot basis if less than all of the Premises is transferred, after deducting the reasonable expenses incurred by Tenant for (i) any changes, alterations and improvements to the Premises in connection with the
assignment, (ii) any brokerage commissions in connection with the assignment, and (iii) any costs to buy-out or takeover the previous lease of an assignee. “Transfer Premium” shall also include, but not be limited to, key money
and bonus money paid by assignee to Tenant in connection with such assignment, and any payment in excess of fair market value for services rendered-by Tenant to assignee or for assets, fixtures, inventory, equipment, or furniture transferred by
Tenant to assignee in connection with such assignment. In the calculations of the Rent, the Rent paid during each annual period shall be computed after adjusting such rent to the actual effective rent to be paid, taking into consideration any and
all leasehold concessions granted in connection therewith, including, but not limited to, any rent credit and tenant improvement allowance. For purposes of calculating any such effective rent, all such concessions shall be amortized on a
straight-line basis over the relevant term. 
 14.4 Landlord’s Option as to Subject Space. Notwithstanding anything to the contrary contained in
this Article 14, Landlord shall have the option, by giving written notice to Tenant within thirty (30) days after receipt of any Transfer Notice, which notifies Landlord that Tenant no longer occupies at least Twenty Five Thousand
(25,000) square feet of rentable space, to (i) recapture the Premises, or (ii) take an assignment from Tenant. The Landlord shall have such rights only if Tenant no longer occupies Twenty Five Thousand (25,000) square feet of the
Building. Such recapture, or sublease or assignment notice shall cancel and terminate the Lease, or create a sublease or assignment, as the case may be, with respect to the Building as of the date stated in the Transfer Notice as the effective date
of the proposed Transfer until the last day of the term of the Transfer as set forth in the Transfer Notice. In the event of a recapture by Landlord, if this Lease shall be canceled. 

14.5 Non-Transfers. Notwithstanding anything to the contrary contained in this Lease, neither (i) an assignment to a transferee of all or
substantially all of the assets of Tenant, (ii) an assignment of the Premises to a transferee which is the resulting entity of a merger of consolidation of Tenant with another entity, nor (iii) an assignment or subletting of all or a
portion of the Premises to an affiliate of Tenant (an entity which is controlled by, controls, or is under common control with, Tenant), shall be deemed a Transfer under Article 14 of this Lease, provided that Tenant notifies Landlord of any
such assignment or sublease and promptly supplies Landlord with any documents or information reasonably requested by Landlord regarding such transfer or transferee as set forth in items (i) through (iii) above, that such transferee or
affiliate shall have a net worth at least equal to the net worth of Tenant immediately prior to such assignment. 

  
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 14.6 Subleases. Tenant may sublease portions of the Building without Landlord’s consent provided the
sublease and sublessee meet the criteria set forth in Section 14.2 hereof. Tenant shall supply to Landlord copies of all subleases entered into by Tenant with third parties. If Tenant subleases all or substantially all of the Premises, a
sublease shall be considered an assignment subject to the requirements of Sections 14.1-14.3 of this Lease. 
  

	15.	Article 15 Surrender of Premises; Removal of Trade Fixtures 

 15.1 Surrender of Premises. No act
or thing done by Landlord or any agent or employee of Landlord during the Lease Term shall be deemed to constitute an acceptance by Landlord of a surrender of the Premises unless such intent is specifically acknowledged in a writing signed by
Landlord. The delivery of keys to the Premises to Landlord or any agent or employee of Landlord shall not constitute a surrender of the Premises or effect a termination of this Lease, whether or not the keys are thereafter retained by Landlord, and
notwithstanding such delivery Tenant shall be entitled to the return of such keys at any reasonable time upon request until this Lease shall have been terminated. The voluntary or other surrender of this Lease by Tenant, whether accepted by Landlord
or not, or a mutual termination hereof, shall not work a merger, and at the option of Landlord, exercised by written notice to all subtenants within ten (10) days from the surrender or termination shall operate as an assignment to Landlord of
all subleases or subtenancies affecting the Premises. 
 15.2 Removal of Tenant Property by Tenant. All articles of personal property and all
business and trade fixtures, machinery and equipment, furniture and movable partitions owned by Tenant or installed by Tenant at its expense in the Premises, which items are not a part of the Tenant Improvements installed in the Premises, shall
remain the property of Tenant, and may be removed by Tenant at any time during the Lease Term as long as Tenant is not in default under this Lease with any applicable cure period having expired. Upon the expiration of the Lease Term, or upon any
earlier termination of this Lease, Tenant shall, subject to the provisions of this Article 15, quit and surrender possession of the Premises to Landlord in as good order and condition as when Tenant took possession and as thereafter improved
by Landlord and/or Tenant, reasonable wear and tear and repairs which are specifically made the responsibility of Landlord hereunder excepted. Upon such expiration or termination, Tenant shall, without expense to Landlord, remove or cause to be
removed from the Premises all debris and rubbish, and such items of furniture, equipment, free-standing cabinet work, and other articles of personal property owned by Tenant or installed or placed by Tenant at its expense in the Premises, and such
similar articles of any other persons claiming under Tenant at its expense in the Premises, and such similar articles of any other persons claiming under Tenant at its expense in the Premises, and such similar articles of any other persons claiming
under Tenant, as Landlord may require to be removed, and Tenant shall repair at its own expense all damage to the Premises and the Building resulting from such removal. Not withstanding anything to the contrary to this lease, Tenant shall not be
required to remove any alterations or improvements from the Premises at the expiration or early termination of this Lease unless said alteration/improvement does not comply with the first sentence of Section 8.1 above. 

  
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	16.	Article 16 Holding Over 

 If Tenant holds over after the expiration of the Lease Term
hereof, with or without the express or implied consent of Landlord, such tenancy shall be from month-to-month only, and shall not constitute a renewal hereof or an extension for any further term. If the holding over is without Landlord’s
consent, Rent shall be payable at a monthly rate equal to one hundred twenty-five percent (125%) of the Rent applicable during the last rental period of the Lease Term under this Lease. Such month-to-month tenancy shall be subject to every
other term, covenant and agreement contained herein. Nothing contained in this Article 16 shall be construed as consent by Landlord to any holding over by Tenant, and Landlord expressly reserves the right to require Tenant to surrender
possession of the Premises to Landlord as provided in this Lease upon the expiration or other termination of this Lease. The provisions of this Article 16 shall not be deemed to limit or constitute a waiver of any other rights or remedies of
Landlord provided herein or at law. Tenant acknowledges that if Tenant holds over without Landlord’s consent, such holding over may compromise or otherwise affect Landlord’s ability to enter into new leases with prospective tenants
regarding the Premises. Therefore, if Tenant fails to surrender the Premises upon the termination or expiration of this Lease, in addition to any other liabilities to Landlord accruing therefrom, Tenant shall protect, defend, indemnify and hold
Landlord harmless from all loss, costs (including reasonable attorneys’ fees) and liability resulting from such failure, including, without limiting-the generality of the foregoing, any claims made by any succeeding tenant founded upon such
failure to surrender, and any losses suffered by Landlord, including lost profits, resulting from such failure to surrender. 
  

	17.	Article 17 Estoppel Certificates 

 17.1 Landlord’s Right. Within ten (10) days following
a request in writing by Landlord, Tenant shall execute and deliver to Landlord an estoppel certificate, which shall be in commercially reasonable form, including such form as may be required by any prospective mortgagee or purchaser of the Building,
the Project, or any portion thereof, indicating therein any exceptions thereto that may exist at that time, and shall also contain any other information reasonably requested by Landlord or Landlord’s mortgagee or prospective mortgagee or
purchasers. Tenant shall execute and deliver whatever other instruments may be reasonably required for such purposes. At any time during the Lease Term, Landlord may require tenant to provide Landlord with a current financial statement and financial
statements of the two (2) years prior to the current financial statement year. Such statements shall be prepared in accordance with general accepted accounting principles and, if such is the normal practice of Tenant, shall be audited by an
independent certified public accountant. 
 17.2 Tenant’s Right. Within ten (10) days following a request in writing by Tenant, Landlord
shall execute and deliver to Tenant an estoppel certificate containing any information reasonably requested by Tenant or Tenant’s prospective tenant or purchaser. Landlord shall execute and deliver whatever other documents may be reasonably
required for such purposes. 

  
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	18.	Article 18 Subordination 

 This Lease is subject and subordinate to the lien of any
mortgages or trust deeds, now or hereafter in force against the Project and/or the Building, if any, and to all renewals, extensions, modifications, consolidations and replacements thereof, and to all advances made or hereafter to be made upon the
security of such mortgages or trust deeds, unless the holders of such mortgages or trust deeds, require in writing that this Lease be superior thereto. In consideration of, and as a condition precedent to, Tenant’s agreement to permit its
interest pursuant to this Lease to be subordinated to the lien of any first trust deed, and to any renewals, extensions, modifications, consolidations and replacements thereof, Landlord shall deliver to Tenant a commercially reasonable
nondisturbance agreement executed by the holder of such trust deed. Tenant covenants and agrees in the event any proceedings are brought for the foreclosure of any such mortgage, to attorn, without any deductions or set-offs other than those
expressly authorized by this Lease, to the purchaser upon any such foreclosure sale if so requested to do so by such purchaser, and to recognize such purchaser as the lessor under this Lease. Tenant shall, within fifteen (15) days of request by
Landlord, execute such further instruments or assurances as Landlord may reasonably deem necessary to evidence or confirm the subordination or superiority of this Lease to any such mortgages or trust deeds, including the Attornment and
Nondisturbance Agreement attached hereto as Exhibit E. Further, this Lease shall be subject and subordinate to any future ground lease or underlying lease of the Project and/or the Building by Landlord to a third party. As a condition
precedent to Tenant’s agreement to permit its interest under this Lease to be subordinated to such future leases, Landlord shall deliver to Tenant a commercially reasonable nondisturbance agreement executed by the landlord under such leases
confirming Tenant’s right to remain in the Premises so long as Tenant performs its obligations under this Lease. 
  

	19.	Article 19 Defaults: Remedies 

 19.1 Defaults. The occurrence of any of the following shall
constitute a default of this Lease by Tenant: 
 19.1.1 Any failure by Tenant to pay any Rent or any other charge required to be paid under this Lease, or
any part thereof, within ten (10) calendar days of notice that the same is overdue, which notice shall be in lieu of any notice required under California Code of Civil Procedure Section 1161 or any similar or successor law; or 

19.1.2 Any failure by Tenant to observe or perform any other provision, covenant or condition of this Lease to be observed or performed by Tenant where such
failure continues for thirty (30) days after written notice thereof from Landlord to Tenant; provided however, that any such notice shall be in lieu of, and not in addition to, any notice required under California Code of Civil Procedure
Section 1161 or any similar or successor law; and provided further that if the nature of such default is such that the same cannot reasonably be cured within a thirty (30) day period, Tenant shall not be deemed to be in default if it
diligently commences such cure within such period and thereafter diligently proceeds to rectify and cure said default, as soon as possible; or 
 19.1.3 To
the extent permitted by law, a general assignment by Tenant or any guarantor of the Lease for the benefit of creditors, or the taking of any corporate action in furtherance of bankruptcy or dissolution whether or not there exists any proceeding
under an insolvency or bankruptcy law, or the filing by or against Tenant or any guarantor of any proceeding under an insolvency or bankruptcy law, unless in the case of a proceeding filed against Tenant or any

  
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guarantor the same is dismissed within sixty (60) days, or the appointment of a trustee or receiver to take possession of all or substantially all of the assets of Tenant or any guarantor,
unless possession is restored to Tenant or such guarantor within thirty (30) days, or any execution or other judicially authorized seizure of all or substantially all of Tenant’s assets located upon the Premises or of Tenant’s
interest in this Lease, unless such seizure is discharged within thirty (30) days; or 
 19.1.4 Abandonment of the Premises by Tenant, provided however
that Tenant may leave the Premises vacant so long as Tenant observes all the terms and conditions of this Lease. 
 19.2 Remedies Upon Default. Upon
the occurrence of a default by Tenant, Landlord shall have, in addition to any other remedies available to Landlord at law or in equity, the option to pursue any one or more of the following remedies, each and all of which shall be cumulative and
nonexclusive, without any notice or demand whatsoever. 
 19.2.1 Terminate this Lease, in which event Tenant shall immediately surrender the Premises to
Landlord, and if Tenant fails to do so, Landlord may, without prejudice to any other remedy which it may have for possession or arrearages in rent, enter upon and take possession of the Premises and expel or remove Tenant and any other person who
may be occupying the Premises or any part thereof, without being liable for prosecution or any claim or damages therefore; and Landlord may recover from Tenant the following: 

19.2.1.1 The worth at the time of award of any unpaid rent which has been earned at the time of such termination; plus 

19.2.1.2 The worth at the time of award of the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds
the amount of such rental loss that Tenant proves could have been reasonably avoided; plus 
 19.2.1.3 The worth at the time of award of the amount by which
the unpaid rent for the balance of the Lease Term after the time of award exceeds the amount of such rental loss that Tenant proves could have been reasonably avoided; plus 

19.2.1.4 Any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform its obligations under
this Lease or which in the ordinary course of things would be likely to result there from, specifically including but not limited to, brokerage commissions and advertising expenses incurred, expenses or remodeling the Premises or any portion thereof
for a new tenant, whether for the same or a different use, and any special concessions made to obtain a new tenant; and 
 19.2.1.5 At Landlord’s
election, such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable law. 
 19.2.1.6 The term
“rent” as used in this Section 19.2 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Paragraphs 19.2.1(i)
and (ii), above, the “worth at the time of award” shall be computed by allowing interest at the rate set forth in Article 25 of this Lease, but in no case greater than the maximum amount of such interest permitted by law. As used in
Paragraph 19.2.1(iii) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%). 

  
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 19.2.2 Landlord shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue
lease in effect after lessee’s breach and abandonment and recover Rent as it becomes due, if lessee has the right to sublet or assign, subject only-to reasonable limitations). Accordingly, if Landlord does not elect to terminate this Lease on
account of any default by Tenant , Landlord may, from time to time, without terminating this Lease on account of any default by Tenant, Landlord may, from time to time, without terminating this Lease, enforce all of its rights and remedies under
this Lease, including the right to recover all rent as it becomes due. 
 19.3 Subleases of Tenant. Whether or not Landlord elects to terminate this
Lease on account of any default by Tenant, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Tenant and
affecting the Premises or may, in Landlord’s sole discretion, succeed to Tenant’s interest in such subleases, licenses, concessions or arrangements. In the event of Landlord’s election to succeed to Tenant’s interest in any such
subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder. 

19.4 Form of Payment After Default. Following the occurrence of a monetary default by Tenant, Landlord shall have the right to require that any or all
subsequent amounts paid by Tenant to Landlord hereunder, whether in the cure of the default in question or otherwise, be paid in the form of money order, cashier’s or certified check drawn on an institution acceptable to Landlord, or by other
means approved by Landlord, notwithstanding any prior practice of accepting payments in any different form. 
 19.5 Efforts to Re-let. For the
purposes of this Article 19, Tenant’s right to possession shall not be deemed to have been terminated by efforts of Landlord to re-let the Premises, by its acts of maintenance or preservation with respect to the Premises, or by
appointment of a receiver to protect Landlord’s interests hereunder. The foregoing enumeration is not exhaustive, but merely illustrative of acts which may be performed by Landlord without terminating Tenant’s right to possession. 

19.6 Landlord’s Default. If Landlord should be in default in the performance of any of its obligations under this Lease, which default continues
for a period of more than thirty (30) days after receipt of written notice from Tenant specifying such default, or if such default is of a nature to require more than thirty (30) days to remedy and continues beyond the time reasonably
necessary to cure, Tenant may incur reasonable expenses necessary to perform the obligations of Landlord specified in such notice and be entitled to recover from Landlord such expenses within fifteen (15) days following receipt by Landlord of
Tenant’s demand therefor. 

  
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	20.	Article 20 Attorneys’ Fees 

 If either party commences litigation against the
other arising out of or in connection with this Lease, including but not limited to litigation, for the specific performance of this Lease, for damages for the breach hereof or otherwise for enforcement of any remedy hereunder, the parties hereto
agree to and hereby do waive any right to a trial by jury and, in the event of any such commencement of litigation, the prevailing party shall be entitled to recover from the other party such costs and reasonable attorneys’ fees as may have
been incurred. The prevailing party shall be determined under Civil Code Section 1717(b)(1) or any successor statute. 
  

	21.	Article 21 Security Deposit 

 Upon the Lease Signing, Tenant shall deposit with Landlord
a security deposit (the “Security Deposit”) in the amount set forth in Section 10 of the Summary. The Security Deposit shall be in cash or an irrevocable, unconditional letter of credit issued by a reputable bank in favor of
Landlord. The Security Deposit shall be held by Landlord as security for the faithful performance by Tenant of all the terms, covenants, and conditions of this Lease to be kept and performed by Tenant during the Lease Term. If Tenant defaults with
respect to any provisions of this Lease, including, but not limited to, the provisions relating to the payment of Rent, Landlord may, but shall not be required to, use, apply or retain all or any part of the Security Deposit for the payment of any
Rent or any other sum in default, or for the payment of any amount that Landlord may spend or become obligated to spend by reason of Tenant’s default, or to compensate Landlord for any other loss or damage that Landlord may suffer by reason of
Tenant’s default. If any portion of the Security Deposit is so used or applied, Tenant shall, within five (5) days after written demand therefor, deposit cash with Landlord in an amount sufficient to restore the Security Deposit to its
original amount, and Tenant’s failure to do so shall be a default under this Lease. Tenant hereby waives the provisions of Section 1950.7 of the California Civil Code, and all other provisions of law, now or hereafter in force, which
provide that Landlord may claim from a security deposit only those sums reasonably necessary to remedy defaults in the payment of rent, to repair damage caused by Tenant or to clean the Premises, it being agreed that Landlord may, in addition, claim
those sums reasonably necessary to compensate Landlord for any other loss or damage, foreseeable or unforeseeable, caused by the act or omission of Tenant or any officer, employee, agent or invitee of Tenant. 

 

	22.	Article 22 Signs 

 22.1 Signage Rights. Tenant and any subtenant or assignee shall have the right
to place signs containing its name at such place on the Building as the City of San Leandro shall permit and as Landlord may consent to, with Landlord’s consent not to be unreasonably withheld. All signs installed shall be at Tenant’s
cost and are to be in keeping with the quality, design and style of the Building and the Project. Interior signage on the 3rd and 4th floors shall be at Tenant’s cost, and Landlord’s consent is not required unless such signage is
visible from the exterior. No other signage is permitted on the interior of the Building without Landlord’s consent. 
 22.2 Prohibited Signage and
Other Items. Any signs, notices, logos, pictures, names or advertisements which are installed and that have not been individually approved by Landlord may be removed upon ten (10) days’ notice by Landlord at the sole expense of Tenant.
Tenant 

  
 24 

 
may not install any signs on the Common Areas of the Project. Any signs, window coverings, or blinds (even if the same are located behind the Landlord approved window coverings for the Building),
or other items visible from the exterior of the Premises or the Building are subject to the prior written approval of Landlord. 
  

	23.	Article 23 Compliance with Law 

 Tenant shall not do anything or suffer anything to be
done in or about the Premises or the Project which will in any way conflict with any law, statute, ordinance or other governmental rule, regulation or requirement now in force or which may hereafter be enacted or promulgated. Should any standard or
regulation now or hereafter be imposed on the use of the Building, the Tenant Improvements or Alterations made by Tenant by a state, federal or local governmental body charged with the establishment, regulation and enforcement of occupational,
health or safety standards for employers, employees, landlords or tenants, then Tenant agrees, at its sole cost and expense, to comply promptly with such standards or regulations as apply to the use of the Premises for general office purposes.
Tenant shall be responsible, at its sole cost and expense, to make all alterations to the Premises as are required to comply with the governmental rules, regulations, requirements or standards described in this Article 23. The judgment of any
court of competent jurisdiction or the admission of Tenant in any judicial action, regardless of whether Landlord is a party thereto, that Tenant has violated any of said governmental measures, shall be conclusive of that fact as between Landlord
and Tenant. 
  

	24.	Article 24 Late Charges 

 If any installment of Rent or any other sum due from Tenant
shall not be received by Landlord or Landlord’s designee within ten (10) days (or such lesser period as Landlord’s first trust deed lender may require) after said amount is due, then Tenant shall pay to Landlord a late charge equal to
five percent (5%) of the overdue amount, plus any attorneys’ fees incurred by Landlord by reason of Tenant’s failure to pay Rent and/or other charges when due hereunder. The late charge shall be deemed Additional Rent and the right to
require it shall be in addition to all of Landlord’s other rights and remedies hereunder or at law and shall not be construed as liquidated damages or as limiting Landlord’s remedies in any manner. In addition to the late charge described
above, any Rent and other amounts owing hereunder (other than late charges) which are not paid on or before the date they are due shall thereafter bear interest until paid at a rate per annum equal to twelve percent (12%) per annum, provided
that in no case shall such rate be higher than the highest rate permitted by applicable law. 
  

	25.	Article 25 Landlord’s Right to Cure Default; Payments By Tenant 

 25.1 Landlord’s Cure.
All covenants and agreements to be kept or performed by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any reduction of Rent. If Tenant shall fail to perform any of its obligations under this
Lease, within a reasonable time after such performance is required by the terms of this Lease, Landlord may, but shall not be obligated to, after reasonable prior notice to Tenant as required by this Lease, make any such payment or perform any such
act on Tenant’s part without waiving its right based upon any default of Tenant and without releasing Tenant from any obligations hereunder. 

  
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 25.2 Tenant’s Reimbursement. Except as may be specifically provided to the contrary in this Lease,
Tenant shall pay to Landlord, within fifteen (15) days after delivery by Landlord to Tenant of statements therefor: (i) sums equal to expenditures reasonably made and obligations incurred by Landlord in connection with the remedying by
Landlord of Tenant’s defaults pursuant to the provisions of Section 25.1; (ii) sums equal to all losses, hosts, liabilities, damages and expenses referred to in Article 10 of this Lease; and (iii) sums equal to all
expenditures made and obligations incurred by Landlord in collecting or attempting to collect the Rent or in enforcing or attempting to enforce any rights of Landlord under this Lease or pursuant to law, including, without limitation, all legal fees
and other amounts so expended. Tenant’s obligations under this Section 25.2 shall survive the expiration or sooner termination of the Lease Term. 
  

	26.	Article 26 Entry by Landlord 

 Landlord reserves the right at all reasonable times and
upon two (2) days’ advance written notice (which may be by facsimile) to the Tenant to enter the Premises during normal business hours to (i) inspect them; (ii) show the Premises to prospective purchasers, mortgagees or ground or
underlying lessors, or, during the last six (6) months of the Lease Term, prospective tenants; (iii) post notices of non-responsibility; or (iv) alter, improve or repair the Premises, the Building, or the Project at any time if
necessary to comply with current building codes or other applicable laws, or for structural alterations, repairs, or improvements to the Building or the Project. Landlord recognizes that Tenant will have security systems in place and will give as
much advance notice of the need to enter as is reasonably possible. Notwithstanding anything to the contrary contained in this Article 26, Landlord may enter the Premises at any time to (A) perform services required of Landlord;
(B) take possession due to any breach of this Lease in the manner provided herein; and (C) perform any covenants of Tenant, which Tenant fails to perform. Landlord may make any such entries without the abatement of Rent and may take such
steps as required to accomplish the stated purposes; provided, however, that any such entry shall be accomplished as expeditiously as reasonably possible. Tenant hereby waives any claims for damages or for any injuries or inconvenience to or
interference with Tenant’s business, lost profits, any loss of occupancy or quiet enjoyment of the Premises, and any other loss occasioned thereby. For each of the above purposes, Landlord shall at all times have a key with which to unlock all
the doors in the Premises, excluding Tenant’s vaults, safes and special security areas designated in advance by Tenant. In an emergency, Landlord shall have the right to use any means that Landlord may deem proper to open the doors in and to
the Premises. Any entry into the Premises by Landlord in the manner hereinbefore described shall not be deemed to be a forcible or unlawful entry into, or a detainer of, the Premises, or an actual or constructive eviction of Tenant from any portion
of the Premises. Notwithstanding anything to the contrary, Landlord shall, to the extent practicable, exercise its rights under this Article 26 at such times and in such manner as to minimize the impact upon Tenant’s business in and
occupancy of the Premises. If Landlord makes an emergency entry into the Premises but no authorized representative of Tenant is present, Landlord shall provide immediate telephone notice to Tenant and shall take reasonable steps to secure the
Premises until a representative of Tenant arises at the Premises. 

  
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	27.	Article 27 Tenant Parking 

 27.1 Parking Rights. Throughout the Lease term, Tenant shall have the
non-exclusive use of one hundred sixty (160) parking spaces. The area of such parking spaces is marked on the portion of Exhibit A showing parking for the Building. Such allocated parking is included in the Base Rent paid by Tenant and
no additional rent, other than Tenant’s share of maintenance and repair, is payable by Tenant for parking or the gate or key systems used to regulate parking. Landlord represents and warrants that the parking granted to Tenant under this
Article 27 will be available to Tenant continuously for the Lease Term. Tenant shall have the right to use its parking twenty-four (24) hours per day, seven (7) days per week, including holidays. 

27.2 Temporary Parking Rights. Landlord may provide for Tenant’s use from time to time during construction areas of the Property for use as
temporary parking but only if such does not hinder the efficient construction of the Building and the Common Areas. Landlord shall provide the parking area without charge, except Tenant shall pay for any costs associated with preparing such area for
parking use that are incurred solely as a result of Tenant’s use of the area for temporary parking. 
  

	28.	Article 28 Miscellaneous Provisions 

 28.1 Binding Effect. Each of the provisions of this Lease
shall extend to and shall, as the case may require, bind or inure to the benefit not only of Landlord and of Tenant, but also of their respective successors or assigns, provided this clause shall not permit any assignment by Tenant contrary to the
provisions of Article 14 of this Lease. 
 28.2 Intentionally left blank. 

28.3 Modification of Lease. Landlord shall have ninety (90) days after execution of this Lease to submit it to prospective mortgagees for the
Building or the Project and request such mortgagees to state the modification or modifications of this Lease, which modification or modifications will not cause an increased cost or expense to Tenant or in any other way materially and adversely
change the rights and obligations of Tenant hereunder, then and in such event, Tenant agrees not to unreasonably withhold its consent to such modifications. Landlord shall pay Tenant’s legal fees for the review of modifications requested by the
mortgagee. A Memorandum of Lease shall be recorded containing, among other customary provisions, the names of the parties, a description of the Premises and the Lease Term, a summary of Tenant’s right to purchase and Tenant’s parking
rights. Tenant agrees to execute such short form of Lease and to delivery the same to Landlord within ten (10) days following the request therefor. 

28.4 Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the
Project and/or the Building and in this Lease. Tenant agrees that in the event of a transfer of all of Landlord’s interest in the Project and a transfer of the Security Deposit to a bona fide purchaser similar in net worth to the Landlord or to
other office building owners in the East Bay Area, Landlord shall automatically be released from all liability thereafter accruing under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s
obligations hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its
obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder. 

  
 27 

 28.5 Prohibition Against Recording. Except as provided in Section 28.3 of this Lease, neither
this Lease, nor any memorandum, affidavit or other writing with respect thereto, shall be recorded by Landlord or Tenant or by anyone acting through, under or on behalf of Landlord or Tenant, and the recording thereof in violation of this provision
shall make this Lease null and void at the election of the non-recording party. 
 28.6 Captions. The captions of Articles and Sections are for
convenience only and shall not be deemed to limit, construe, affect or alter the meaning of such Articles and Sections. 
 28.7 Relationship of
Parties. Nothing contained in this Lease shall be deemed or construed by the parties hereto or by any third party to create the relationship or principal and agent, partnership, joint venturer or any association between Landlord and Tenant, it
being expressly understood and agreed that neither the method of computation of Rent nor any act of the parties hereto shall be deemed to create any relationship between Landlord and Tenant other than the relationship of landlord and tenant. 

28.8 Time of Essence. Time is of the essence of this Lease and each or its provisions. 

28.9 Partial Invalidity. If any term, provision or condition contained in this Lease shall, to any extent, be invalid or unenforceable, the remainder
of this Lease, or the application of such term, provision-or condition to persons or circumstances other than those with respect to which it is invalid or unenforceable, shall not be affected thereby, and each and every other term, provision and
condition of this Lease shall be valid and enforceable to the fullest extent possible permitted by law, unless an essential purpose of this Lease would be defeated by loss of the invalid or unenforceable provision. 

28.10 Landlord Exculpation. It is expressly understood and agreed that notwithstanding anything in this Lease to the contrary, and notwithstanding any
applicable law to the contrary, the liability of Landlord and the Landlord Parties hereunder (including any successor landlord) and any recourse by Tenant against Landlord or the Landlord Parties shall be limited solely and exclusively to the
interest of Landlord in the Building, and neither Landlord nor any of the Landlord Parties shall have any personal liability therefor, and Tenant hereby expressly waives and releases such personal liability on behalf of itself and all persons
claiming by, through or under Tenant. 
 28.11 Entire Agreement. It is understood and acknowledged that there are no oral agreements between the
parties hereto affecting this Lease and this Lease supersedes and cancels any and all previous negotiations, arrangements, brochures, agreements and understandings, if any, between the parties hereto or displayed with respect to the subject matter
thereof. This Lease, the exhibits and schedules attached hereto, and any side letter or separate agreement executed by Landlord and Tenant in connection with this Lease and dated of even date herewith contain all of the terms, covenants, conditions,
warranties and agreements of the parties relating in any manner to the rental, use and occupancy of the Premises, shall be considered to be the only agreement between the parties hereto and their representatives and agents, and none of the terms,
covenants, conditions or provisions of this Lease can be modified, deleted or added to except in writing signed by the parties hereto. 

  
 28 

 28.12 Intentionally left blank. 

28.13 Force Majeure. Any prevention, delay or stoppage due to strikes, lockouts, labor disputes, acts of God, inability to obtain services, labor, or
materials or reasonable substitutes therefor, governmental actions, civil commotions, fire or other casualty, and other causes beyond the reasonable control of the party obligated to perform (collectively, the “Force Majeure”), except with
respect to the obligations imposed with regard to Rent and other charges to be paid by Tenant pursuant to this Lease, and except as to Tenant’s obligations under Articles 5 and 24 of this Lease notwithstanding anything to the contrary
contained in this Lease, shall excuse the performance of such party for a period equal to any such prevention, delay or stoppage and, therefore, if this Lease specifies a time period for performance of any obligation of either party, that time
period shall be extended by the period of any delay in such party’s performance caused by a Force Majeure. 
 28.14 Notices. All notices,
demands, statements, approvals or communications (collectively, “Notices”) given or required to be given by either party to the other hereunder shall be in writing, shall be sent by United States certified or registered mail, postage
prepaid, return receipt requested, or delivered personally (i) to Tenant at the appropriate address set forth in Section 5 of the Summary, or to such other place as Tenant may from time to time designate in a Notice to Landlord; or
(ii) to Landlord at the addresses set forth in Section 3 of the Summary, or to such other firm or to such other place as Landlord may from time to time designate in a Notice to Tenant. Any Notice will be deemed given on the date
three (3) days from the date it is mailed as provided in this Section 28.14 or upon the date personal delivery is made or rejected. If Tenant is notified in writing of the identity and address of Landlord’s mortgagee or ground
or underlying lessor, Tenant shall give to such mortgagee or ground or underlying lessor written notice of any default by Landlord under the terms of this Lease by registered or certified mail, and such mortgagee or ground or underlying lessor shall
have the right to cure such default within the same time given to Landlord to cure the default. 
 28.15 Intentionally left blank. 

28.16 Joint and Several. If there is more than one Tenant, the obligations imposed upon Tenant under this Lease shall be joint and several. 

28.17 Authority. If either party is a corporation, a partnership or other entity, each individual executing this Lease on behalf of such party hereby
represents and warrants that the entity is a duly formed and existing entity qualified to do business in California and that such party has full right and authority to execute and deliver this Lease and that each person signing on behalf of such
party is authorized to do so. 
 28.18 Governing Law. This Lease shall be construed and enforced in accordance with the laws of the State of
California. 
 28.19 Submission of Lease. Intentionally left blank. 

  
 29 

 28.20 Brokers. Landlord and Tenant hereby warrant to each other that they have had no dealings with any
real estate broker or agent in connection with the negotiation of this Lease, excepting only the real estate brokers or agents specified in Section 12 of the Summary and Landlord’s designated representative (the
“Brokers”), and that they know of no other real estate broker or agent who is entitled to a commission in connection with this Lease. Landlord shall pay the brokerage commissions owing to the Brokers in connection with the transaction
contemplated by this Lease pursuant to the terms of a separate written agreement between Landlord and the Brokers. Each party agrees to indemnify and defend the other party against and hold the other party harmless from any and all claims, demands,
losses, liabilities, lawsuits, judgments, and costs and expenses (including without limitation reasonable attorneys’ fees) with respect to any leasing commission or equivalent compensation alleged to be owing on account of the indemnifying
party’s dealings with any real estate broker or agent other than the Brokers. The terms of this Section 28.20 shall survive the expiration or earlier termination of the Lease Term. 

28.21 Independent Covenants. This Lease shall be construed as though the covenants herein between Landlord and Tenant are independent and not dependent
and Tenant hereby expressly waives the benefit of any statute to the contrary and agrees that if Landlord fails to perform its obligations set forth herein, Tenant shall not be entitled to make any repairs or perform any acts hereunder at
Landlord’s expense or to any setoff of the Rent or other amounts owing hereunder against Landlord; provided, however, that the foregoing shall in now way impair the right of Tenant to commence a separate action against Landlord for any
violation by Landlord of the provisions hereof so long as notice is first given to Landlord and any holder of a mortgage or deed of trust covering the Building, the Project, or any portion thereof, of whose address Tenant has theretofore been
notified, and an opportunity is granted to Landlord and such holder to correct such violations as provided above. 
 28.22 Intentionally left blank. 

28.23 Transportation Management. Tenant shall fully comply with all present or future compulsory programs imposed by any public authority intended to
manage parking, transportation or traffic in and around the Project, the Building, and/or the Adjacent Project, and in connection therewith, Tenant shall take responsible action for the transportation planning and management of all employees located
at the Premises by working directly with Landlord, any governmental transportation management organization or any other transportation-related committees or entities. Such programs may include, without limitation; (i) restrictions on the number
of peak-hour vehicle trips generated by Tenant; (ii) encouragement of increased vehicle occupancy, (iii) implementation of an in-house or area ride-sharing program and an employee transportation coordinator; (iv) working with
employees and any project, building or area-wide ride-sharing program manager; and (v) utilizing flexible work shifts for employees. 
 28.24 No
Discrimination. Each party covenants by and for itself, its heirs, executors, administrators and assigns, and all persons claiming under or through such party, and this Lease is made and accepted upon and subject to the following conditions:
that there shall be no discrimination against or segregation of any person or group of persons, on account of race, color, creed, sex, religion, marital status, ancestry or national origin in the leasing, subleasing, transferring, use, or enjoyment
of the Premises, nor shall either party, or any person claiming under or through such party, establish or permit such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy, of
tenants, lessees, sublessees, subtenants or vendees in the Premises. 

  
 30 

 28.25 Intentionally left blank. 

28.26 Intentionally left blank. 
 28.27 Intentionally left
blank. 
 28.28 Landlord’s Representation and Warranties. Landlord hereby represents and warrants that: 

28.28.1 Landlord has full right and lawful authority to enter into and perform Landlord’s obligations under the Lease; and, that Landlord has good and
marketable title to the Project and to the Premises; 
 28.28.2 To the best knowledge of Landlord, there are no physical or legal conditions and/or
impediments, laws, statutes, codes, rules or ordinances affecting the Project or the Premises that would now, or in the future, have the effect of impairing or prohibiting Tenant’s intended use of the Premises. Such referenced conditions
include, but are not limited to, rights of any other party to the use or occupancy of the Premises, enacted, pending or proposed condemnation proceedings, zoning ordinances and current or proposed plans to alter access to the Premises or the Project
from surrounding public thoroughfare or private access ways; 
 28.28.3 Landlord represents and warrants that, to the best of its knowledge, there is no
lien or encumbrance on the Project or the Premises (herein referred to as “Encumbrances”) which contains any restriction on use, ingress or egress, or otherwise contains any provision that would restrict the intended use of the Premises by
Tenant. Tenant shall have no liability for the violation of any term or condition of the Encumbrances or any of them or any default thereunder by Landlord or any owner, developer, other tenant, subtenant, occupant or permittee of the Project other
than Tenant. 
 28.29 Hazardous Materials. Landlord hereby holds Tenant harmless from, and indemnifies and agrees to defend Tenant against, all
present and future claims, demands, suits, legal and administrative proceedings, from any and all liability for damages, losses, costs, liabilities, fees and expenses (including reasonable attorneys’ fees), present and future, arising out of or
in any way connected with any condition of environmental contamination on, about or beneath the Premises, or the existence of hazardous materials in any state on, about, or beneath the Premises caused by Landlord, a previous owner of the Project or
a previous or the current owner of the land underlying the Project, or by a prior or another tenant to the Project. 
 28.30 Hazardous Materials.
Landlord hereby represents and warrants that, to the Landlord’s actual knowledge, the Premises is not, and as of the date that Tenant takes possession of the Premises (“Possession Date”), will not be, in violation of any federal,
state or local law, regulation or ordinance relating to industrial hygiene or which govern Hazardous Materials and/or environmental conditions in, on, under or about the Premises, including but not limited to air quality, and surface and subsurface
soil and water conditions (individually and collectively, 

  
 31 

 
“Environmental Regulations”). Landlord further represents and warrants that as of the Possession Date, the Premises do not contain any Hazardous material, and Landlord’s work in
the Premises shall not incorporate into the Premises any material containing Hazardous Materials. Any and all work performed by Landlord on the Premises from and after the Possession Date shall be free of all Hazardous Materials and shall be in
compliance with all Environmental Regulations. In the event that the presence of any Hazardous Material is detected on the Premises in violation of any Environmental Regulation (i) prior to the Possession Date, or (ii) at any time during
the term hereof as a part of or as a result of work by Landlord on/in the Premises, then in such event Landlord shall contain, remove, detoxify and/or remediate such Hazardous Material in compliance with all applicable Environmental Regulations (the
“remedial work”). All such remedial work shall be performed by Landlord at Landlord’s expense. In the event that such remedial work shall be performed prior to Tenant opening for business, Tenant’s obligation to open shall be
delayed until such remedial work is completed. In the event that such remedial work is performed subsequent to Tenant opening for business, Tenant’s obligation to pay Base Rent shall be abated in direct proportion to the extent Tenant is unable
to conduct its business upon the Premises as a result of such remedial work being necessary or while such remedial work is being performed. Landlord hereby agrees to indemnify and hold harmless Tenant, its directors, officers, employees and agents
(the “Tenant Indemnitees”) from and against any and all liability, including without limitation, all costs of defense and the cost of any required or necessary remedial work and/or repair, claimed, threatened or asserted against any Tenant
Indemnitee arising out of the use, generation, transportation, storage, release or disposal of Hazardous Materials (a “Release”) on or about the Premises which Release is a result of Landlord’s work in the Premises or which occurred
prior to the Possession Date. 
 28.31 “Hazardous Materials” as used herein shall include asbestos, petroleum fuel and products, Polychlorinated
biphenyls (PCBs) and substances or compounds containing PCBs, and hazardous, toxic and radioactive substances, materials or wastes which are or become regulated by any local governmental authority, the State of California or the United States
Government, including but not limited to: 
 28.31.1 Any “hazardous substance” as that term is defined in the Comprehensive Environmental Response,
Compensation and Liability Act of 1980 (CERCLA) (42 United States Code Sections 9601-9675); 
 28.31.2 “Hazardous waste” as that term is defined
in the Resource Conservation and Recovery Act of 1976 (RCRA) (42 United States Code Sections 6901-6992k); and 
 28.31.3 Any pollutant, contaminant or
hazardous, dangerous or toxic chemical, material or substance, within the meaning of any other applicable federal, state or local law, regulation, ordinance or requirement (including consent decrees and administrative orders imposing liability or
standards of conduct concerning any hazardous, dangerous or toxic waste, substance or material, now or hereafter in effect). 
 28.32 Right of First
Refusal to Lease. In further consideration of the rent, covenants and conditions to be paid, performed and observed by Tenant, Landlord hereby grants to Tenant a right of first refusal to lease space in the Building as it becomes available, from
the vacation of space by existing tenants (collectively, the “Additional Space”). In the event Landlord receives a 

  
 32 

 
bona fide offer from a third party to lease the Additional Space which is acceptable to Landlord, Landlord shall promptly notify Tenant in writing of the offer, including the amount of rent
offered and other terms and conditions of the offer. Tenant shall have five (5) business days within which to notify Landlord in writing whether Tenant agrees to lease the additional space at the amount of rent and on the same terms and
conditions as the third-party offer. In the event Tenant elects to lease the Additional Space, the lease of the Additional Space shall be subject to the same terms and conditions as the third-party offer, including but not limited to amount of rent,
term and commencement date. In the event Tenant fails to give written notice of its election to lease the Additional Space within the time required under this Section 28.32, Landlord shall be free to accept the bona fide offer and lease
the Additional Space to the third-party offeror. If the third party lease is at net net net rent that is less than ninety-five percent (95%) of the net net net rent offered to Tenant, Landlord must re-offer the space to Tenant at the lower net
net net rent, and Tenant must accept or reject such offer as soon as possible, but in any event within five (5) business days. If the Additional Space subsequently becomes available again during the Lease term, Tenant shall have the same right
of first refusal granted herein within respect to a bona fide offer to lease the Additional Space by a subsequent third-party offeror. Further, if and when Landlord constructs Building B of the Project, Landlord shall have the right to pre-lease,
before construction is completed on Building B, any and all of Building B and grants to Tenant(s) in Building B right of first refusal to lease space in Building B. Tenant shall have a second right of refusal to lease space in Building B which is no
longer occupied by a tenant in Building B or becomes available because of termination of first right of refusal. Tenant’s right hereunder with regard to space-in Building B shall terminate in the event Landlord ceases to own Building B. Tenant
shall have five (5) business days within which to exercise its right of refusal after receiving notice from Landlord. However, if any such lease or pre-lease is at net net net rent which is less than ninety-five percent (95%) of the net
net net rent offered to Tenant, Landlord must re-offer the space to Tenant at the lower net net net rent, and Tenant must accept or reject such offer as soon as possible, but in any event within three (3) business days. 

28.33 Tenant’s Right of First Refusal to Purchase Building. If and only if the Tenant leases and occupies ninety percent (90%) or more square
feet of Building A the following first right of refusal to purchase the Building is valid and in effect: 
 28.33.1 Landlord agrees that Landlord shall not
sell the Premises during the term of this Lease except subject to the Lease. Landlord further agrees it will not sell the Premises to any person until Landlord has given to Tenant notice in writing of its intent to sell, specifying the price and
terms and the contemplated sale. Within sixty (60) days after Landlord gives Tenant written notice of Landlord’s intent to sell, Tenant shall have a one time right to purchase the Premises at the same price and on the same terms and
conditions set forth in Landlord’s written notice of intent to sell, except that the initial deposit shall be one percent (1%) of the purchase price, and Tenant shall have sixty (60) days within which to elect not to purchase because
it cannot obtain satisfactory financing. To exercise its option, Tenant must, within the same sixty (60) day period, deposit in escrow with any escrow company in San Leandro, California, all monies and instruments required by the terms of
Landlord’s notice of intent to sell to be paid or delivered to Landlord to open escrow and shall also give Landlord written notice of the deposit. Tenant must then complete the purchase on the terms set forth in the Notice. If Tenant fails to
exercise the right in accordance with the provisions of this Section, Landlord may sell the Premises to any other person provided the price is not less than ninety-five percent (95%) of the 

  
 33 

 
price in the notice of intent. If Landlord later decides to accept a price which is less than ninety-five percent (95%) of the price set forth in the notice of intent, Landlord must again
offer to sell to Tenant, but Tenant must accept or reject the offer in three (3) business days. 
 28.33.2 If at any time during the term of this
Lease, Landlord receives from any third party a bona fide offer to purchase the Premises at a price and on terms acceptable to Landlord that is unsolicited and not part of Landlord’s efforts to market the sale of the Premises as described in
Section 28.33.1 above, Landlord shall give written notice of the offer to Tenant. Within ten (10) days after Landlord gives written notice of the third-party offer, Tenant shall have the right to purchase the Premises at the same
price and on the same terms and conditions set forth in the third-party offer. To exercise its right, Tenant must, within said ten (10) day period notify Landlord of the exercise of the option and of Tenant’s binding agreement to proceed
with the purchase. Tenant must deposit in escrow with any recognized escrow company in San Leandro, California, all monies and instruments required by the terms of the offer to be paid or delivered at the opening of the escrow for the purchase of
the Premises, and thereafter Tenant shall pay all sums and take all actions in order to complete the purchase of the Premises on the terms and conditions set forth in Landlord’s written notice. In the event Tenant fails to exercise the option
to purchase in accordance with the provisions of this Section 28.33.2, Landlord may sell the Premises to the third party making the offer on the same terms and conditions set forth in that offer. If for any reason the Premises are not
sold to the party making the offer, Landlord shall give Tenant the same right to purchase the Premises on receiving any subsequent unsolicited offer from a third party that is acceptable to Landlord. 

28.33.3 The right of first refusal granted to Tenant shall exclude any transfer resulting from the death of David Inner or T. Lawrence Jett, any transfer by
Landlord to any entity which Landlord or the owners of Landlord hold a fifty-one percent (51%) or greater ownership interest. The right of first refusal shall also not apply in the event of a foreclosure, or a deed in lieu of foreclosure, or a
sale of the leased Premises by a lender who has foreclosed. 
 28.33.4 Tenant may not assign the rights granted under this Article either separately or
together with a transfer of Tenant’s leasehold interest, and any purported assignment shall be null and void. 
 28.33.5 If the Premises is sold to a
third party during the term of this Lease, then the provisions of this Article shall thereafter be of no further force or effect. 
 28.34 The lessee herein
covenants by and for himself or herself, his or her heirs, executors, administrators, and assigns, and all persons claiming under or through him or her, and this lease is made and accepted upon and subject to the following conditions: 

“That there shall be no discrimination against or segregation of any person or group of persons, on race, color, creed, religion, sex,
marital status, national origin, or ancestry in the leasing, subleasing, transferring, use, occupancy, tenure, or enjoyment of the premises herein leased nor shall the lessee himself, or herself, or any person claiming under or through him or her,
establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the premises herein leased. 

  
 34 

 IN WITNESS WHEREOF, Landlord and Tenant have caused their duly authorized representatives to
execute this Lease as of the day and date first above written. 
  

									
	LANDLORD:	 		 	TENANT:
			
	CREEKSIDE PARTNERS LLC,
a California limited liability company	 		 	TRINET GROUP, INC.,
a Delaware corporation
					
	By:	 	/s/ [illegible signature]	 		 	By:	 	/s/ Douglas P. Devlin
	Its:	 	Manager	 		 	Its:	 	CFO
					
	By:	 	/s/ [illegible signature]	 		 	By:	 	 
	Its:	 	Manager	 		 	Its:	 	 

  
 35 

 Exhibit A 

Site Plan, Exterior Elevations, 

Premises Floor plan for Third and Forth floors 

Tenant Improvement Plan to be Inserted August 1, 2001 

  
 A-1 

  
 

 

  
 A-2 

  
 

 

  
 A-3 

  
 

 

  
 A-4 

  
 

 

  
 A-5 

  
 

 

  
 A-6 

 Exhibit B 

Rules and Regulations 

Tenant shall faithfully observe and comply with the following Rules and Regulations. Landlord shall not be responsible to Tenant for the
nonperformance of any of said Rules and Regulations by or otherwise with respect to the acts or omissions of any other tenants or occupants of the Project. 

1. Tenant shall not alter any lock or install any new or additional locks or bolts on any doors or windows of the Premises without obtaining Landlord’s
prior written consent. Tenant shall bear the cost of any lock changes or repairs required by Tenant. Two keys will be furnished by landlord for the Premises, and any additional keys required by Tenant must be obtained from Landlord at a reasonable
cost to be established by Landlord. 
 2. All doors opening to public corridors shall be kept closed at all times except for normal ingress and egress to
the Premises. 
 3. Landlord reserves the right to close and keep locked all entrance and exit doors of the Building during such hours as are customary for
comparable buildings in the City of San Leandro. Tenant, its employees and agents must be sure that the doors to the Building are securely closed and locked when leaving the Premises if it is after the normal hours of business for the Building. Any
tenant, its employees, agents or any other persons entering or leaving the Building at any time when it is so locked. Or any time when it is considered to be after normal business hours for the Building, may be required to sign the Building
register. Access to the Building may be refused unless the person seeking access has proper identification or has a previously arranged pass for access to the Building. Landlord and his agents shall in no case be liable for damages for any error
with regard to the admission to or exclusion from the Building or the Project of any person. In case of invasion, mob, riot, public excitement, or other commotion, Landlord reserves the right to prevent access to the Building or the Project during
the continuance thereof by any means it deems appropriate for the safety and protection of life and property. 
 4. No furniture, freight or equipment of
any kind shall be brought into the Building without prior notice to Landlord. All moving activity into or out of the Building shall be scheduled with Landlord and done only at such time and in such manner as Landlord designates. Landlord shall have
the right to prescribe the weight, size and position of all safes and other heavy property brought into the Building and also the times and manner of moving the same in and out of the Building. Safes and other heavy objects shall, if considered
necessary by Landlord, stand on supports of such thickness as is necessary to properly distribute the weight. Landlord will not be responsible for loss of or damage to any such safe or property in any case. Any damage to any part of the Building,
its contents, occupants or visitors by moving or maintaining any such safe or other property shall be the sole responsibility and expense of Tenant. 
 5.
No furniture, packages, supplies, equipment or merchandise will be received in the Building or carried up or down in the elevators, except between such hours and in such specific elevator as shall be designated by Landlord. 

  
 B-1 

 6. The requirements of Tenant will be attended to only upon application at the management office for the Project
or at such office location designated by Landlord. Employees of Landlord shall not perform any work or do anything outside their regular duties unless under special instructions from Landlord. 

7. Tenant shall not disturb, solicit, or canvass any occupant of the Project and shall cooperate with Landlord and its agents of Landlord to prevent the same.

 8. The toilet rooms, urinals, wash bowls and other apparatus shall not be used for any purpose other than that for which they were constructed, and no
foreign substance of any kind whatsoever shall be thrown therein. The expense of any breakage, stoppage or damage resulting from the violation of this rule shall be borne by the tenant who, or whose employees or agents, shall have caused it. 

9. Tenant shall not overload the floor of the Premises, nor mark, drive nails or screws, or drill into the partitions, woodwork or plaster or in any way
deface the Premises or any part thereof without Landlord’s prior written consent. 
 10. Except for vending machines intended for the sole use of
Tenant’s employees and invitees, no vending machine or machines other than fractional horsepower office machines shall be installed, maintained or operated upon the Premises without the written consent of Landlord. 

11. Tenant shall not use or keep in or on the Premises, the Building, or the Project any kerosene, gasoline, explosive material, corrosive material, material
capable of emitting toxic fumes, or other inflammable or combustible fluid or material. Tenant shall provide material safety data sheets for any Hazardous Material used or kept on the Premises. 

12. Tenant shall not without the prior written consent of Landlord use any method of heating or air conditioning other than that supplied by Landlord. 

13. Tenant shall not use, keep or permit to be used or kept, any foul or noxious gas or substance in or on the Premises, or permit or allow the Premises to be
occupied or used in a manner offensive or objectionable to Landlord or other occupants of the Project by reason of noise, odors, or vibrations, or interfere in any way with other tenants or those having business therein. 

14. Tenant shall not bring into or keep within the Project, the Building or the Premises any animals, birds, or uninsured vehicles. Bicycles, motorcycles, and
electric vehicles used for the handicapped are to be parked in designated areas. 
 15. No cooking shall be done or permitted on the Premises(except
specific restaurant businesses approved by lessor) , nor shall the Premises be used for the storage of merchandise, for lodging or for any improper, objectionable or immoral purposes. Notwithstanding the foregoing, Underwriters’
laboratory-approved equipment and microwave ovens may be used in the Premises for heating food and brewing coffee, tea, hot chocolate and similar beverages for employees and visitors, provided that such use is in accordance with all applicable
federal, state and city laws, codes, ordinances, rules and regulations. 

  
 B-2 

 16. Landlord will approve where and how telephone and telegraph wires are to be introduced to the Premises. No
boring or cutting for wires shall be allowed without the consent of Landlord. The location of telephone, call boxes and other office equipment affixed to the Premises shall be subject to the approval of Landlord. 

17. Landlord reserves the right to exclude or expel from the Project any person who, in the judgment of Landlord, is intoxicated or under the influence of
liquor or drugs, or who shall in any manner do any act in violation of any of these Rules and Regulations. 
 18. Tenant, its employees and agents shall not
loiter in or on the entrances, corridors, sidewalks, lobbies, halls, stairways, elevators, or any Common Areas of the Project for the purpose of smoking tobacco products (except in designated smoking areas) or for any other purpose, nor in any way
obstruct such areas, and shall use them only as a means of ingress and egress for the Premises. 
 19. Tenant shall not waste electricity, water or air
conditioning and agrees to cooperate fully with Landlord to ensure the most effective operation of the Building’s heating and air conditioning system, and shall refrain from attempting to adjust any controls. Tenant shall participate in
recycling programs undertaken by Landlord. 
 20. Tenant shall store all its trash and garbage within the interior of the Premises. No material shall be
placed in the trash boxes or receptacles if such material is of such nature that it may not be disposed of in the ordinary and customary manner of removing and disposing of trash in the vicinity of the Project without violation of any law or
ordinance governing such disposal. All trash, garbage and refuse disposal shall be made only through entry-ways and elevators provided for such purposes at such times as Landlord shall designate. If the Premises is or becomes infested with vermin as
a result of the use or any misuse or neglect of the Premises by Tenant, its agents, servants, employees, contractors, visitors or licensees, Tenant shall forthwith, at Tenant’s expense, cause the Premises to be exterminated from time to time to
the satisfaction of Landlord and shall employ such licensed exterminators as shall be approved in writing in advance by Landlord. 
 21. Tenant shall comply
with all safety, fire protection and evacuation procedures and regulations established by Landlord or any governmental agency. 
 22. Tenant shall assume
any and all responsibility for protecting the Premises from theft, robbery and pilferage, which includes keeping doors locked and other means of entry to the Premises closed. 

23. No awnings or other projection shall be attached to the outside walls of the Building without the prior written consent of Landlord. No curtains, blinds,
shades or screens shall be attached to or hung in, or used in connection with, any window or door of the Premises without the prior written consent of Landlord. Tenant shall be responsible for any damage to the window film on the exterior windows of
the Premises and shall promptly repair any such damage at Tenant’s sole cost and expense. Tenant shall keep its window coverings closed during any period of the day when the sun is shining directly on the windows of the Premises. Prior to
leaving the Premises for the day, Tenant shall draw or lower window coverings and extinguish all lights. All electrical ceiling fixtures hung in offices or spaces along the perimeter of the Building must be fluorescent and/or of a quality, type,
design and bulb color approved by Landlord. 

  
 B-3 

 24. The sashes, sash doors, skylights, windows, and doors that reflect or admit light and air into the halls,
passageways or other public places in the Building shall not be covered or obstructed by Tenant, nor shall any bottles, parcels or other articles be placed on the windowsills. 

25. Tenant must comply with requests by Landlord concerning the informing of their employees of items of importance to Landlord. 

26. Tenant shall not use in any space or in the public halls of the Building any hand trucks except those equipped with rubber tires and side guards or such
other material-handling equipment as Landlord may approve. Tenant shall not bring any other vehicles of any kind into the Project. 
 27. Without the
written consent of Landlord, Tenant shall not use the name of \the Building or the Project in connection with or in promoting or advertise the business of Tenant except as Tenant’s address. 

28. Tenant shall not purchase spring water, towels, janitorial or maintenance or other similar services from any company or persons not approved by Landlord.
Landlord shall approve a sufficient number of sources of such services to provide Tenant with a reasonable selection, but only in such instances and to such extent as Landlord in its judgment shall consider consistent with the security and proper
operation of the Project. 
 29. Tenant shall install and maintain, at Tenant’s sole cost and expense, an adequate, visibly marked and properly
operational fire extinguisher next to any duplicating or photocopying machines or similar heat producing equipment, which may or may not contain combustible material, in the Premises. 

30. Landlord reserves the right at any time to change or rescind any one or more of these Rules and Regulations, or to make such other and further reasonable
Rules and Regulations as in Landlord’s judgment may from time to time be necessary for the management, safety, care and cleanliness of the Premises, Project and building, and for the preservation of good order therein, as well as for the
convenience of other occupants and tenants therein. Landlord may waive any one or more of these Rules and Regulations for the benefit of any particular tenants, but no such waiver by Landlord shall be construed as a waiver of such Rules and
Regulations in favor of any other tenant, nor prevent Landlord from thereafter enforcing any such Rules or Regulations against any or all tenants of the Project. Tenant shall be deemed to have read these Rules and Regulations and to have agreed to
abide by them as a condition of its occupancy of the Premises. 

  
 B-4 

 Exhibit C 

Notice of Lease Term Dates 
  

									
	To:	  	____________________	  		  	Date:	 	_____________
		  	____________________	  		  		 	
		  	____________________	  		  		 	
		  	____________________	  		  		 	
		
		  	Re: Office Lease dated                      between
            , a
		  	 ______________ (“Landlord”), and
                        , a

		  	 ______________ (“Tenant”) concerning Suite              on floor
(s)

		  	 ______________ of the building located at
                    ,

		  	 ______________, California.

 Gentlemen: 
 In
accordance with the Office Lease (the “Lease”), we wish to advise you and/or confirm as follows: 
 1. The Premises are Ready for Occupancy, and
the Lease Term shall commence on or has commenced on                      for a term of
                     ending on
                    . 
 2. Rent commenced to
accrue on                     , in the amount of
                    . 
 3. If the Lease Commence
Date is other than the first day of the month, the first billing will contain a pro rata adjustment. Each billing thereafter, with the exception of the final billing, shall be for the full amount of the monthly installment as provided for in the
Lease. 
 4. Your rent checks should be payable to
                     at
                    . 
 5. The exact number of
rentable square feet within the Premises is              square feet. 
 6. Tenant’s
Share as adjusted based upon the exact number of rentable square feet within the Premises is     %. 
  

					
		 	LANDLORD:
		
		 	 CREEKSIDE ASSOCIATES LLC,
 a
limited liability company

			
		 	By:	 	 
			
		 	Its	 	 
	
	 Agreed to and Accepted as
 Of
_________________________

  
 C-1 

			
	TENANT:
	
	 TriNet Group, Inc.,
 a Delaware
Corporation

		
	By:	 	 
		
	Its	 	 

  
 C-2 

 Exhibit D 

General Maintenance Plan 

The following represents a general maintenance plan for the exterior of Building A and the Common Area grounds and parking area serving it.

 1 Landlord shall maintain the leased premises in conformity with the maintenance standards herein defined: 

1.1 The exterior of the Building shall be maintained in conformance and in compliance with the approved construction and architectural plans and design scheme
and reasonable commercial development maintenance standards for similar projects, including but not limited to, painting and cleaning of all exterior surfaces and other exterior facades comprising all private and public improvements to the curb
line. 
 1.2 Landscape maintenance shall include, but not be limited to, watering/irrigation, fertilization, mowing, edging, trimming of grass, tree and
shrub pruning in order to keep a healthy and manicured appearance, replacement when required, and weed control in all planters, shrubs, lawns, ground cover or other planted areas. 

1.3 Clean-up maintenance shall include, but not be limited to, the maintenance of all sidewalks, piazzas, fountains, paths, including the
“Creekwalk,” in a litter, trash, debris-free environment in and about the Building, the Common Area and the Parking Lot. Clearance of all areas shall be maintained prior to the end of the day on which the maintenance operations are
performed to ensure that all garbage trash, landscape, clippings, leaves and all debris are properly disposed of by the maintenance crew. 
 1.4 Public and
private sidewalks, piazzas and meeting areas outside of the Building shall be kept in a clean, neat, safe, litter-free, odor-free, sanitary condition; maintenance includes steam cleaning of hardscape sidewalks and paved surfaces as is necessary to
remove grime and grease and the removal of foodstuff from public seating areas in the Common Area, including the “Creekwalk.” 
 1.5 The
designated Parking Lot shall be maintained free of litter trash and dirt. Grease and oil shall be removed on a regularly scheduled basis by way of sweeping, steam and water cleaning The lighting system shall be maintained on a regular basis with
burned out bulbs replaced and light standards painted and repaired as is required. The Parking Lot and the adjacent walkways shall be repaired or replaced when required due to damage or wear. 

1.6 Any and all chemicals, unhealthy substances and pesticides used in the maintenance process shall be applied in strict accordance with all regulatory
agency regulations governing the Property. 
 1.7 The Creekside Plaza Business Park and any other improvements undertaken on the Property shall be
maintained in good condition and in accordance with the custom and practice generally applicable to comparable first-class office facilities located within Alameda County, California. 

  
 D-1 

 Exhibit E 

Attornment and Nondisturbance Agreement 

This Attornment and Nondisturbance Agreement (the “Agreement”) is made and entered into as of the
             day of             , by and among
             (“Tenant”), CREEKSIDE Associates LLC, a California limited liability company (hereafter referred to as either “Landlord” or “Borrower”),
and              (“Lender”). 
 RECITALS 

WHEREAS, Lender has made a loan (the “Loan”) to Borrower evidenced by a note (the “Note”) secured by a deed of trust (the
“Deed of Trust”), constituting a first lien upon the land described therein and the improvements thereon (the “Property”); 

WHEREAS, Landlord and Tenant have entered into a certain lease dated
             which lease provides for the direct payment of rents from Tenant to Landlord for the use and occupancy of Suite
             in that building located at,             , San Leandro, California (“The Premises”)
by Tenant, as more fully set forth in the lease (hereafter, the lease and all present and future amendments and modifications thereto, and extensions thereof, shall be referred to as the “Lease”); 

WHEREAS, Lender wishes to obtain from Tenant certain assurances that Tenant will attorn to the purchaser at a foreclosure sale in the event of
a foreclosure or to the holder of the Note and Deed of Trust in the event of such holder’s exercise of its rights under the Note and Deed of Trust; 

WHEREAS, Tenant wishes to obtain from Lender certain assurances that, so long as Tenant is not in default of Tenant’s obligations to
Landlord under the Lease, Tenant shall not be disturbed in its peaceful possession of the Premises as a result of actions taken by Lender pursuant to its rights under the Deed of Trust; and 

WHEREAS, Tenant and Lender are both willing to provide such assurances to each other upon and subject to the terms and conditions of this
Agreement. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the above, the mutual promises hereinafter set forth, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto mutually agree as follows: 
 1. Attornment. Tenant
hereby agrees that the Lease shall not terminate in the event of a foreclosure of the Deed of Trust, whether by judicial or nonjudicial or any other proceedings brought to enforce the Deed of Trust or by deed in lieu of foreclosure, and Tenant
further agrees to attorn to and recognize Lender or the purchaser (“Purchaser”) at such foreclosure sale, as Tenant’s landlord for the balance of the term of the Lease, in accordance with the terms and provisions thereof, but subject,
nevertheless, to the provisions of this Agreement, which Agreement shall be controlling in the event of any conflict. 

  
 E-1 

 2. Estoppel. Landlord and Tenant hereby agree that the Lease is valid, enforceable and in
full force and effect, that as of the date hereof there are no defaults by Landlord or Tenant, that there are no setoffs or counterclaims by Tenant to the payment of rent due under the Lease, that all conditions to the effectiveness or continuing
effectiveness of the Lease required to be satisfied as of the date hereof have been satisfied and that the Lease is a complete statement of the agreements of Tenant and Landlord with respect to the Premises. 

3. Tenant’s Representation and Warranties. Tenant hereby represents and warrants to Lender that the Lease and its rights
thereunder are not subordinate to any lien or deed of trust other than the Deed of Trust and all renewals, modifications, consolidations, replacements and extensions thereof, and that it will not subordinate the Lease or its rights thereunder to any
lien or deed of trust without the prior written consent of Lender. 
 4. Lender’s Rights. Tenant and Landlord agree that, at the
request of Lender, the rent payments due under the Lease shall be paid directly to Lender and any such payments to Lender shall be credited against the rent due under the Lease as if made to the Landlord. 

5. Nondisturbance. So long as Tenant is not in default under the Lease beyond any notice and cure period expressly provided in the
Lease, Lender agrees with Tenant that in the event the interest of Landlord is acquired by Lender, or Lender acquires title to the Property or comes into possession of said Property by reason of foreclosure or enforcement of the Deed of Trust or the
Note, or by a conveyance in lieu thereof, or by any other means, Tenant’s possession of the Premises and Tenant’s rights, privileges and obligations under the Lease shall not be disturbed, diminished or interfered with by Lender or any
party claiming through Lender during the term of the Lease, including any extensions thereof permitted to Tenant, and the Lease shall continue in full force and effect and shall not be terminated except in accordance with the terms of the Lease.

 Immediately upon the acquisition by Lender or Purchaser of possession or title to the Property by reason of foreclosure or enforcement of
the Deed of Trust or the Note, or by a conveyance in lieu thereof, or as a result of any other means, Tenant agrees to be bound to Lender or Purchaser under all of the terms, covenants, and conditions of the Lease for the balance of the term
thereof, including any extensions thereof permitted to Tenant, with the same force and effect as if Lender or Purchaser were the landlord under the Lease, and Tenant does hereby attorn to Lender or Purchaser as its landlord, said attornment to be
effective and self-operative without the execution of any other instruments on the part of either party hereto. 
 Lender further agrees
that if it obtains possession or title to the Property during the Lease term, Lender shall be bound to Tenant under all of the terms, covenants, and conditions of the Lease and Tenant shall, from and after the occurrence of the events set forth
above, have the same remedies that Tenant might have had under the Lease against Landlord; provided, however, that Lender or Purchaser shall not be: 

a. liable to Tenant for damages for any act or omissions of Landlord or any prior landlord occurring prior to Lender or Purchaser obtaining
possession or title to the Property; 

  
 E-2 

 b. subject to any offsets, claims or defenses which Tenant might have ‘ against Landlord or
against any prior landlord which arise prior to the date Lender or Purchaser obtains possession or title to the Property; 
 c. bound by any
rent or additional rent or deposit, rental security or any other sums which Tenant may have paid to Landlord or any other landlord; 
 d.
bound by any amendment or modification of the Lease made without Lender’s prior written consent; or 
 e. obligated or liable to Tenant
with respect to the construction or completion of the initial improvements in the Premises for Tenant’s use, enjoyment or occupancy or any payment or allowance in connection therewith. 

6. Obligations of Succeeding Owner. Tenant hereby agrees that any entity or person which at any time hereafter becomes the Landlord
under the Lease, including, without limitation, Lender, as a result of Lender’s exercise of its rights under the Deed of Trust, or a purchaser from Lender, shall be liable only for the performance of the obligations of the Landlord under the
Lease which arise and accrue during the period of such entity’s or person’s ownership of the Property. 
 7. Notices. All
notices or other written communications required or permitted to be given pursuant to this Agreement shall be in writing, and shall be deemed to have been properly given (i) upon delivery, if delivered in person or by facsimile transmission
with receipt acknowledged, (ii) one business day after having been deposited for overnight delivery with any reputable overnight courier service, or (iii) three business days after having been deposited in any post office or mail
depository regularly maintained by the U.S. Postal Service and sent by registered or certified mail, postage paid, addressed as follows: 
  

							
		  	If to Borrower:	  	__________________________________	  	
		  		  	__________________________________	  	
		  		  	__________________________________	  	
		  		  	Attn:______________________________	  	
				
		  		  	And	  	
				
		  		  	__________________________________	  	
		  		  	__________________________________	  	
		  		  	__________________________________	  	
		  		  	Attn:______________________________	  	
				
		  	If to Tenant:	  	__________________________________	  	
		  		  	__________________________________	  	
		  		  	__________________________________	  	
		  		  	Attn:______________________________	  	

  
 E-3 

							
		  	If to Lender:	  	__________________________________	  	
		  		  	__________________________________	  	
		  		  	__________________________________	  	
		  		  	Attn:______________________________	  	

 or addressed as such party may from time to time designate in a writing to the other parties hereto and delivered in
accordance with the provisions of this Section 7. 
 8. Miscellaneous. This Agreement may not be amended or modified in any
manner other than by agreement in writing, signed by the parties hereto or their respective successors in interest, and this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
The words “foreclosure” and “foreclosure sale” as used herein shall be deemed to include the acquisition of Landlord’s estate in the Property by any power of sale contained in the Deed of Trust, or by voluntary deed,
assignment or other conveyance or transfer of foreclosure. 
 9. Conflicts with Lease. This Agreement shall supersede, as between
Tenant and Lender, all of the terms and provisions of the Lease which are inconsistent with this Agreement but shall not affect any obligations or liabilities of Borrower, as landlord, under the Lease. 

10. Governing Law Venue. This Agreement shall be construed in accordance with the laws of the State of California and any litigation
arising out of this Agreement shall be brought in the courts of the State of California and all parties hereto consent to the venue of such courts. 

11. Effect of Agreement. Borrower joins in the execution and delivery of this Agreement for the purpose of evidencing its consent to
the terms and provisions hereof, and as between Borrower and Tenant, nothing herein contained shall be deemed to alter or modify the Lease. As between Lender and Borrower, nothing contained herein shall be deemed to alter or modify the terms and
conditions of the Note, the Deed of Trust, or any other document or agreement regarding the Loan made by Lender to Borrower. 
 12.
Attorneys’ Fees. In the event that any party or parties hereto bring suit to enforce any of the provisions of this Agreement, all costs and expenses, including reasonable attorneys’ fees, incurred by the prevailing party or parties
shall be paid by the other party or parties. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be properly executed by
their duly authorized representatives as of the date first above written. 
  

			
	TENANT:
	
	 
		
	By:	 	 
		
	Its:	 	 

  
 E-4 

 LANDLORD: CREEKSIDE ASSOCIATES LLC, a California limited liability company 

			
	
	
	 
		
	By:	 	 
		
	Its:	 	 

  

			
	LENDER:
	
	 
		
	By:	 	 
		
	Its:	 	 

  
 E-5

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