Document:

EX-10.7

 Exhibit 10.7 
  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 STRATEGIC INNOVATION FUND 

AbCellera COVID-19 Project 

This Agreement made 
  

			
	Between:	 	
		
		 	HER MAJESTY THE QUEEN IN RIGHT OF CANADA
		 	(“Her Majesty”)
		
		 	as represented by the Minister of Industry
		
		 	(the “Minister”)
		
	And:	 	
		
		 	AbCellera Biologics Inc., a corporation duly incorporated under the laws of British Columbia, having its head office located at 2215 Yukon Street, Vancouver, British Columbia V5Y 0A1
		
		 	(the “Recipient”)

 RECITALS 

WHEREAS 
  

	 	I-	 The Strategic Innovation Fund (“SIF”) is designed to encourage research and
development, and accelerate the technology transfer and commercialization of innovative products, services, and processes; facilitate the growth and expansion of firms; secure economically significant mandates within or to Canada; and, advance
industrial research and technology demonstration activities through collaboration; 

  

	 	II-	 Neither the entering into this Agreement nor the provision by the Minister of the Contribution is
contingent upon export performance on the part of the Recipient; 

  

	 	III-	 the Project involves: 

 

	 	•	 	 activities related to the creation or deployment of medical countermeasures (MCM’s), or any activity related
to the response to COVID-19; 

  

	 	•	 	 activities related to Canada’s long-term emergency preparedness; and 

 

	 	•	 	 obtaining an R&D and/or production mandate which was previously held outside of Canada or is being
established for the first time in relation to Canada’s emergency preparedness. 

  

	 	IV-	 The Minister has agreed to make a partially repayable contribution to the Recipient in support of the
Recipient’s Eligible Supported Costs (as defined herein) of the Project with total Project costs of [***]; 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 NOW, THEREFORE in accordance with the mutual covenants and agreements herein, Her Majesty and the
Recipient agree as follows: 
  

	1.	 Purpose of the Agreement 

The purpose of this Agreement is to set out respective obligations and the terms and conditions under which the Minister will provide funding
in support of the Project (as defined herein). 
  

	2.	 Interpretation 

 

	2.1	 Definitions. 

In this Agreement, a capitalized term has the meaning given to it in this section, unless otherwise specified: 

“Acquisition or Divestiture” means an acquisition of a business, the sale of a business or a merger or amalgamation. 

“Activity” means a significant task that must take place in order to complete the Project. It has duration, during which time
the work of that task is performed, and may have resources and costs associated with that task as set out in Form C1- ESTIMATED PROJECT COSTS BREAKDOWN of Schedule 1 - Statement of Work. 

“Agreement” means this contribution agreement including all the schedules attached hereto, as such may be amended, restated or
supplemented, from time to time. 
 “Affiliated Person” means an affiliated person as defined in the Income Tax Act,
as amended. 
 “Background Intellectual Property” means Intellectual Property that is not Project Intellectual Property and
that is required for the carrying out of the Project or the exploitation of the Project Intellectual Property. 
 “Background
Intellectual Property Rights” means the Intellectual Property Rights in Background Intellectual Property. 
 “Benefits
Commitments” means those activities described in Subsection 6.3 of this Agreement that will generate benefits to Canada. 

“Benefits Phase” means the period from the Project Completion Date to and including the last day of the Term. 

“Change in Control” of the Recipient means: 
  

	 	(a)	 if the Recipient is a public company, the acquisition by an individual or company (or two or more of them
acting in concert) that results in its or their direct or indirect beneficial ownership of 20% or more of outstanding shares of voting stock of the Recipient; or 

 

	 	(b)	 if the Recipient is a private company, the acquisition by an individual or company (or two or more of them
acting in concert) that results in its or their direct or indirect beneficial ownership of 50% or more of the voting stock in the Recipient; or 

  

	 	(c)	 if the Recipient enters into a binding obligation to sell, sells or otherwise disposes of all or substantially
all of its assets. 

 “Claim Period” means the following quarters of a calendar year: January 1 to
March 31, April 1 to June 30, July 1 to September 30 and October 1 to December 31. 

“Collaboration” means the Recipient’s association with one or more Collaboration Partners for the purpose of research and
development. 

 “Collaboration Partner” means, other than the Recipient and sub-contractors, any small and medium-sized Canadian based enterprise, any Canadian research institute, any licensed or accredited academic, post-secondary institution in
Canada that is/are involved in the Collaboration. 
 “Contribution” means the funding, in Canadian dollars, made available
by the Minister under this Agreement. 
 “CO-OP Term” means a four (4) month
full-time position. 
 “Dispose” means, as regards a Project Asset, the transferring outside Canada, by the Recipient,
selling, leasing or otherwise disposing including, in the case of a prototype or pilot plant, the transfer to commercial production, but in any event, shall not include abandoning the Project Asset for legitimate business reasons, such as the
disposal of obsolete or disused equipment or materials. 
 “Eligibility Date” means [***]. 

“Eligible Costs” means the costs associated with work performed in Canada, or outside of Canada to the extent explicitly
permitted in this Agreement that are incurred and paid by the Recipient in respect of the Project, and in accordance with Schedule 3 - Cost Principles, excluding: 
  

	 	(a)	 any costs that are specifically identified in Schedule 1 - Statement of Work as not being supported; and

  

	 	(b)	 any costs prohibited or deemed ineligible elsewhere in this Agreement. 

“Event of Default” means the events of default listed in Subsection 14.1 of this Agreement. 

“Execution Date” means the date of the last signature to this Agreement such that the Agreement is signed and dated by all
Parties. 
 “Fair Market Value” means the price that would be agreed to in an open and unrestricted market between
knowledgeable and willing parties dealing at arm’s length, who are fully informed and not under any compulsion to transact. 

“Force Majeure” means any cause which is unavoidable or beyond the reasonable control of the Recipient, including war, riot,
insurrection, strikes, or any act of God or other similar circumstance and which could not have been reasonably circumvented by the Recipient without incurring unreasonable cost. 

“FTE” or “Full Time Equivalent” means each employee or, where applicable, intern, who works for the Recipient
on a full-time basis (i.e. they are responsible to work at least 2,000 hours for the Recipient when calculated on an annual basis) and, in the case of hourly paid employees or interns who are responsible to work for the Recipient less than on a
full-time basis, each equivalent to such a full-time worker, where the number of such equivalents is calculated by dividing (a) by (b) where (a) = the aggregate of all hours worked by such individuals for the Recipient including hours taken by
them as paid vacation, sick leave, and for other similar reasons, calculated on an annual basis, and (b) = 2,000 hours. 
 “Good
Manufacturing Practice Antibody Production Facility” means the facility referred to in Section 2.2 Statement of Work for Phase 2 in Schedule 1 - Statement of Work. 

“Government Fiscal Year” means the period from April 1 of one year to March 31 of the following year. 

“Highly Skilled” means an employee that requires specialized training in order to operate, manage or participate in the
Project. This may include scientists, engineers, managers and specialized trades. 
 “Intellectual Property” means all
inventions, whether or not patented or patentable, all commercial and technical information, whether or not constituting trade secrets, and all copyrightable works, industrial designs, integrated circuit topographies, and distinguishing marks or
guises, whether or not registered or registrable. 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 “Intellectual Property Rights” means all rights recognized by law in or to
Intellectual Property, including but not limited to Intellectual Property rights protected through legislation. These shall include patents, copyrights, industrial design rights, integrated circuit topography rights, rights in trademarks and trade
names, all rights in applications and registrations for any of the foregoing, and all rights in trade secrets and confidential information. 

“Interest Rate” means the Bank Rate, as defined in the Interest and Administrative Charges Regulations, in effect on
the due date, plus 300 basis points, compounded monthly. The Interest Rate for a given month can be found at: http://www.tpsgc-pwgsc.gc.ca/recgen/txt/taux-rates-eng.html 

“Master Schedule” means a summary-level Project schedule that identifies the major Activities and work breakdown structure
components and Milestones as reflected in Schedule 1 - Statement of Work. 
 “Material Change” is a significant
change in the scope, objectives, outcomes or benefits of the Project including without limitation, the following: 
  

	 	(a)	 The Project is not completed or not expected to be completed by the Project Completion Date;

  

	 	(b)	 The Recipient does not proceed with undertaking Phase 2 of the Project as outlined in Schedule 1 - Statement of
Work; 

  

	 	(c)	 the estimated Total Eligible Costs set out in Form C2 - ESTIMATED COST BREAKDOWN BY FISCAL YEAR of Schedule 1 -
Statement of Work are expected to be reduced or are expected to be exceeded by [***] percent ([***]%) or more; 

  

	 	(d)	 a change in the locations where the Project is to be performed as identified in Form D - PROJECT LOCATION AND
COSTS of Schedule 1 - Statement of Work. 

 “Maximum Amount to be Repaid” means [***] times the
actual amount of the Contribution disbursed for Phase 2 by the Minister to the Recipient under this Agreement. 

“Milestone” means a significant point or event in the Project as set forth in Form B of Schedule 1 - Statement of Work.

 “Party” means the Minister, or the Recipient or any Guarantor, and “Parties” means all of them. 

“Phase 1” means Phase 1 of the Project as defined in Section 2.1 Statement of Work for Phase 1 of the Project in
Schedule 1 - Statement of Work. 
 “Phase 2” means Phase 2 of the Project as defined in Section 2.2 Statement
of Work for Phase 2 of the Project in Schedule 1 - Statement of Work. 
 “Project” means the project as described
in Schedule 1 - Statement of Work. 
 “Project Asset” means an asset which, in whole or in part, has been acquired,
created, developed, advanced and/or contributed to by the Contribution. 
 “Project Completion Date” means [***]. 

“Project Intellectual Property” means all Intellectual Property conceived, produced, developed or reduced to practice in
carrying out the Project by the Recipient and/or any Affiliated Persons of the Recipient, or any of their employees, agents, contractors or assigns. 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 “Project Intellectual Property Rights” means the Intellectual Property
Rights in the Project Intellectual Property. 
 “Public Office Holder” means a public office holder as defined in the
Lobbying Act, as amended. 
 “Resulting Products” means all products, services or processes produced using the
Project Intellectual Property or that incorporate any of the Project Intellectual Property. 
 “Recipient Fiscal Year” means
the period for which the Recipient’s accounts in respect of its business or property are prepared for purposes of assessment under the Income Tax Act, as amended. 

“Repayment Period” means the repayment period set out in Section 2 of Schedule 5 - Repayments to the Minister.

 “Schedule” means a schedule to this Agreement, including any amendments or supplements. 

“Similar Goods” means goods or services that closely resemble the goods or services being transferred, in respect of their
component materials, form, function and characteristics, and are capable of performing an equivalent function as, and of being commercially interchangeable with, the goods being transferred. 

“Technology Readiness Level” or “TRL” means technology readiness according to the Technology Readiness Level
scale described below. 
  

			
	Technology Readiness Level	  	Description
	TRL 1—Basic principles observed and reported	  	Lowest level of technology readiness. Scientific research begins to be translated into applied research and development (R&D). Examples might include paper studies of a technology’s basic properties.
		
	TRL 2—Technology concept and/or application formulated	  	Invention begins. Once basic principles are observed, practical applications can be invented. Applications are speculative, and there may be no proof or detailed analysis to support the assumptions.
		
	TRL 3—Analytical and experimental critical function and/or characteristic proof of concept	  	Active R&D is initiated. This includes analytical studies and laboratory studies to physically validate the analytical predictions of separate elements of the technology.
		
	TRL 4—Product and/or process validation in laboratory environment	  	Basic technological products and/or processes are tested to establish that they will work.
		
	TRL 5—Product and/or process validation in relevant environment	  	Reliability of product and/or process innovation increases significantly. The basic products and/or processes are integrated so they can be tested in a simulated environment.
		
	TRL 6—Product and/or process prototype demonstration in a relevant environment	  	Prototypes are tested in a relevant environment. Represents a major step up in a technology’s demonstrated readiness. Examples include testing a prototype in a simulated operational
environment.

			
	TRL 7—Product and/or process prototype demonstration in an operational environment	  	Prototype near or at planned operational system and requires demonstration of an actual prototype in an operational environment (e.g. in a vehicle).
		
	TRL 8—Actual product and/or process completed and qualified through test and demonstration	  	Innovation has been proven to work in its final form and under expected conditions. In almost all cases, this TRL represents the end of true system development.
		
	TRL 9—Actual product and/or process proven successful	  	Actual application of the product and/or process innovation in its final form or function.

 “Term” means the duration of this Agreement as set out in Subsection 3.2 of this Agreement.

 “Work Phase” means the period of time from the Eligibility Date to and including the Project Completion Date. 

“Years to Repay” means [***] years. 
  

	2.2	 Singular/Plural. Wherever from the context it appears appropriate, each term stated in either the
singular or plural shall include the singular and the plural. 

  

	2.3	 Entire Agreement. Unless amended in writing by the Parties, this Agreement comprises the entire
agreement between the Parties in relation to the Project. No prior document, negotiation, provision, undertaking or agreement in relation to the subject matter of this Agreement has legal effect. No representation or warranty, whether express,
implied or otherwise, has been made by the Minister to the Recipient, except as expressly set out in this Agreement. 

  

	2.4	 Inconsistency. In case of inconsistency or conflict between a provision contained in the part of the
Agreement preceding the signatures and a provision contained in any of the Schedules to this Agreement, the provision contained in the part of the Agreement preceding the signatures will prevail. 

 

	2.5	 Schedules. This Agreement contains the following Schedules as described below, which form an integral
part of this Agreement: 

 Schedule 1 - Statement of Work 

Schedule 2 - Communications Obligations 

Schedule 3 - Cost Principles 

Schedule 4 - Reporting Requirements 

Schedule 5 - Repayments to the Minister 

Schedule 6 - Resolution Process 

Schedule 7 - Special Purpose Equipment 
  

	3.	 Duration of Agreement 

 

	3.1	 Execution. This Agreement must be signed by the Recipient and received by the Minister within thirty
(30) days of its signature by the Minister, failing which it will be null and void. 

  

	3.2	 Duration of Agreement. This Agreement will commence on the Execution Date and will expire, subject to
Subsection 3.3, on the date of the last repayment to the Minister, which will be [***], and [***], unless terminated earlier in accordance with the terms of this Agreement. 

 

	3.3	 Survival Period. Notwithstanding the provisions of Subsection 3.2 above, the rights and obligations
described in the following Sections or Subsections will survive for a period of three (3) years beyond the Term or early termination of the Agreement: 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 Section 7 - Government Funding 

Subsection 8.5 - Overpayment by Minister 

Section 9 - Reporting, Monitoring, Audit and Evaluation 

Subsection 10.2(d) - Disposal of Assets 

Subsection 13.1 – Indemnification 

Subsection 13.2 - Limitation of Liability 

Section 14 - Default and Remedies 

Subsection 17.2 – Interest 

Subsection 17.3 - Set-off Rights of Minister 

Subsection 17.8 - Applicable Law 
  

	4.	 The Contribution 

 

	4.1	 Contribution. Subject to the terms and conditions of this Agreement, the Minister agrees to make a non-repayable Contribution to the Recipient in respect of Phase 1 of the Project in an amount not exceeding the lesser of (a) and (b) as follows: 

 

	 	(a)	 [***] percent ([***]%) of the Eligible Supported Costs; and 

 

	 	(b)	 [***]. 

  

	4.1.1	 Contribution. Subject to the terms and conditions of this Agreement, the Minister agrees to make a [***]
repayable Contribution to the Recipient in respect of Phase 2 in an amount not exceeding the lesser of (a) and (b) as follows: 

  

	 	(a)	 [***] percent ([***]%) of the Eligible Supported Costs; and 

 

	 	(b)	 [***]. 

  

	4.2	 Funding Period. The Minister will not contribute to any Eligible Supported Costs incurred by the
Recipient prior to the Eligibility Date or after the Project Completion Date. In no event will Eligible Supported Costs incurred prior to the Execution Date exceed [***] percent ([***]%) of the “estimated Total Eligible Supported Costs”
set out in Form C2 - ESTIMATED COST BREAKDOWN BY FISCAL YEAR of Schedule 1 - Statement of Work. 

  

	4.3	 Fiscal Year. The payment of the Contribution per Government Fiscal Year is estimated at amounts
specified in Form C2 - ESTIMATED COST BREAKDOWN BY FISCAL YEAR of Schedule 1 - Statement of Work. The Minister will have no obligation to pay any amounts in any Government Fiscal Year other than those specified in Form C2 -
ESTIMATED COST BREAKDOWN BY FISCAL YEAR of Schedule 1 - Statement of Work. If, for a given Government Fiscal Year, the Recipient claims an amount less than the estimated Contribution for that Government Fiscal Year specified in Form C2
- ESTIMATED COST BREAKDOWN BY FISCAL YEAR of Schedule 1 - Statement of Work, the Minister may consider any request to reprofile the excess funds to future Government Fiscal Years before the Project Completion Date.

  

	4.4	 Overruns. Subject to Subsection 6.3.4, the Recipient shall be responsible for all costs of the Project,
including cost overruns, if any. 

  

	4.5	 Holdbacks. Notwithstanding any other provisions of this Agreement, the Minister may, at the
Minister’s sole discretion, withhold up to ten percent (10%) of the Contribution until: 

  

	 	(a)	 the Project is completed to the satisfaction of the Minister; 

 

	 	(b)	 the final report described in Subsection 8.3(c) has been submitted to the satisfaction of the Minister;

  

	 	(c)	 the Minister has approved the final claim described in Subsection 8.3. 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

	5.	 Recipient’s Obligations 

 

	5.1	 Project Completion Date. The Recipient agrees to carry out the Project in a diligent and professional
manner using qualified personnel, and complete same on or before the Project Completion Date. 

  

	5.2	 Project Location. Except as otherwise permitted in Subsection 6.5 below, the Recipient agrees to carry
out the Project exclusively in Canada located in Vancouver, British Columbia. 

  

	5.3	 Benefits Commitments. The Recipient agrees to conduct Benefits Commitments exclusively in Canada.

  

	5.4	 Repayment. The Recipient agrees to make all repayments due to the Minister as set out in Schedule 5 -
Repayments to the Minister. 

  

	5.5	 Compliance. The Recipient agrees to satisfy and comply with all other terms, conditions and obligations
contained in this Agreement. 

  

	6.	 Special Conditions 

 

	6.1	 Pre-Disbursement 

The Recipient covenants and agrees to the following: 
  

	6.1.1	 First Claim. Upon submission of the first claim, the Recipient shall provide evidence to the Minister,
to the Minister’s satisfaction, that it has available funds to carry out the Project and continue operating for the remainder of the Government Fiscal Year in which the claim is received by the Minister, or for a period of six months from the
day the claim is received by the Minister, whichever is greater. No disbursement of the Contribution shall be made prior to the Recipient providing such satisfactory evidence. If the Recipient fails to satisfy such condition within one hundred and
twenty (120) days of the receipt of the first claim, the Minister may, at his discretion, terminate the Agreement upon written notice. 

Subsequently, at the beginning of each new Government Fiscal Year, the Recipient shall provide evidence to the Minister, to the Minister’s
satisfaction, that it has available funds to carry out the Project and continue operating for that Government Fiscal Year. No disbursement of the Contribution shall be made prior to the Recipient providing such satisfactory evidence. If the
Recipient fails to satisfy such condition within one hundred and twenty (120) days of the beginning of each Government Fiscal Year, the Minister may, at his discretion, terminate the Agreement upon written notice. 

 

	6.1.2	 Feasibility Study. Prior to the first disbursement of the Contribution under this Agreement associated
with Phase 2, and within a period of [***] months [***] of the Execution Date of the Contribution Agreement, the Recipient shall submit, to the satisfaction of the Minister, a feasibility study for the Good Manufacturing Practice Antibody Production
Facility that will: 

  

	 	i	 [***]; and 

  

	 	ii	 [***]. 

  

	6.2	 Future Financing and Acquisition 

 

	6.2.1	 Future Financing. Subject to the Change in Control provisions and any other applicable
federal/provincial laws or regulations, nothing in the Agreement will prevent the Recipient from raising future financing through debt or equity markets as required to advance and grow the Recipient’s business. Specifically, nothing in the
Agreement shall prevent the Recipient from pursuing an Initial Public Offering on a major exchange, subject to Subsection 10.2(c), should the Recipient and its Board determine that it is appropriate to do so. 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

	6.2.2	 Minister’s Consent to Change in Control on Acquisition. In the event that the Minister does not
provide his/her consent to a Change in Control as required within this Agreement, the Minister may require the Recipient to repay to the Minister all or part of the Contribution disbursed by the Minister, together with interest from the day of
demand at the Interest Rate, due within [***] days, as of the date of the written notice of the Minister informing the Recipient of the decision, at which time the Parties will be released from their obligations under this Agreement (except for
those obligations that survive beyond the term of the Agreement, excluding Subsection 10.2(d) - Disposal of Assets). 

  

	6.3	 Benefits Commitments. 

The Recipient covenants and agrees to the following: 
  

	6.3.1	 Strengthen Canada’s response to COVID-19

  

	 	(a)	 [***] to ensure that any MCMs (e.g. antibody therapies, treatments, diagnostic test kits and the reagents
required to use those kits, etc.) developed directly as a result of the Project will be accessible and available for the Canadian population, [***]. 

  

	 	(b)	 [***] to establish clinical trial site(s) in Canada for its antibody discoveries related to COVID-19 [***]. 

  

	6.3.2	 Creation and Retention of Intellectual Property (IP) in Canada 

 

	 	(a)	 to maintain ownership of Project Intellectual Property to which the Minister has directly contributed, or
improvements to products, processes and equipment arising from the Project. 

  

	 	(b)	 to develop an internal IP strategy, to the extent it does not already exist, setting out terms that support the
creation and retention of IP in Canada, including educational awareness training for employees The IP strategy will be submitted within [***] of the Execution Date of the Agreement. The Recipient agrees to report annually on any changes related to
IP training during the Term. 

  

	 	(c)	 to assign, transfer or license the Project Intellectual Property, to which the Minister has directly
contributed, [***] to ensure a domestically-sourced supply of MCM in response to COVID-19, [***] under terms to be negotiated between the Parties in good faith. [***] 

 

	6.3.3	 Maintain Footprint in Canada 

to maintain ownership and ongoing operations of its Good Manufacturing Practice Antibody Production Facility in Canada for the Term. 

 

	6.3.4	 Cost Overruns 

In the event the Recipient does not [***] as per Section 4.1.1 of this Agreement, should the Recipient incur cost overruns in Phase 2.

  

	6.4	 Facility Closure Mandatory Repayment 

In the event of a closure of the Good Manufacturing Practice Antibody Production Facility during the Term, [***]. 

 

	6.5	 Work Outside Canada 

In consideration of the Minister providing the Contribution, the Recipient shall incur a minimum of [***] of the Project Eligible Costs in
Canada, and may incur up to [***] of Eligible Costs for work outside of Canada. Any cost over the threshold of [***] will be considered ineligible and will not be subject to claim. 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

	6.6	 Annual Benefits Reporting 

In addition to the Reporting Requirements outlined in Subsection 11.6 and in in Schedule 4 - Reporting Requirements, the Recipient
covenants and agrees to the following: 
  

	 	(a)	 On an annual basis and for the Term, the Recipient shall provide information identifying the Project’s
achievements relative to planned outcomes and benefits, including, but not limited to: 

  

	 	i.	 Number of therapeutic antibodies discovered, developed, manufactured, and/or distributed;

  

	 	ii.	 Number of antibodies licensed for diagnostic testing; 

 

	 	iii.	 Number of jobs created or maintained with average and range of salary levels; 

 

	 	iv.	 Market share secured or captured; 

 

	 	v.	 Composition of workforce, including diversity and gender representation; 

 

	 	vi.	 Dollars spent on Canadian R&D and/or capital expenditures; 

 

	 	vii.	 Productivity improvement levels; 

 

	 	viii.	 Number and details of post-secondary institution collaborations; 

 

	 	ix.	 Number and activities of co-op engagements; and 

 

	 	x.	 Training activities of the workforce. 

 

	 	(b)	 On an annual basis and for the Term, the Recipient shall provide information on the Project derived benefits
including, but not limited to: 

  

	 	i.	 Number of therapeutic antibodies discovered, developed, manufactured, and/or distributed;

  

	 	ii.	 Impact to the growth of the Canadian supply chain; 

 

	 	iii.	 New intellectual property generated; 

 

	 	iv.	 R&D and Product Development levels as a function of revenue; 

 

	 	v.	 Details of increased collaborations, including associated costs and activities; 

 

	 	vi.	 Efforts to reduce environmental footprint and/or increase environmental sustainability of the company; and

  

	 	vii.	 Productivity improvement levels. 

 

	6.7	 Additional Reporting Requirements 

In addition to the Reporting Requirements outlined in Schedule 4 - Reporting Requirements, and Subsection 6.6 (a) and (b), the Recipient
will be required to notify the Minister immediately upon its [***]. 
  

	6.8	 Amendment 

The Recipient shall provide written notice to the Minister of any changes which may have an impact on Schedule 1 - Statement of Work or
on the Benefits Commitments in accordance with 6.3 of this Agreement. 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 
The Recipient shall provide to the satisfaction of the Minister sufficient written reasons to justify modifications to the Agreement. At the Minister’s sole discretion, the Minister may
request a formal amendment to be executed by the Parties. The Parties agree to negotiate in good faith such amendments as per Schedule 6 - Resolution Process. Failure to agree will result in the Minister declaring an Event of Default in
accordance with 14.1 of this Agreement. 
  

	7.	 Government Funding 

 

	7.1	 The Recipient represents that the list below states all funding from federal, provincial, territorial or
municipal governments in Canada (“Government Funding”), requested or received by the Recipient or that the Recipient currently expects to request or receive to cover any of the Eligible Supported Costs. The list below excludes provincial
and federal investment tax credits. 

  

					
	 Federal
	  	 	[***]	 
	 Provincial
	  	 	[***]	 
	 Territorial
	  	 	[***]	 
	 Municipal
	  	 	[***]	 
		  	  
	  
	 
	 Total
	  	 	$ 175,631,000	 

  

	7.2	 The Recipient shall inform the Minister of any change to the amount of Government Funding identified in
Subsection 7.1. The Recipient shall also inform the Minister of any provincial and federal investment tax credits, received or expected to be received by the Recipient for the Eligible Supported Costs. Such notice must be made promptly in writing,
and in any case not later than thirty (30) days following any change. In the event of additional Government Funding, the Minister will have the right to either reduce the Contribution to the extent of any additional funding received by the
Recipient or require the Recipient to repay the Contribution hereunder equal to the amount of any such additional funding received by the Recipient in accordance with Subsection 8.5. 

 

	7.3	 In no instance will the total Government Funding (including SIF funding, provincial and federal investment tax
credits) towards Eligible Supported Costs of the Project be allowed to exceed [***] of total Eligible Supported Costs. 

  

	8.	 Claims and Payments 

 

	8.1	 Separate Records. The Recipient shall maintain accounting records that account for the Contribution paid
to the Recipient and the related Project costs, separate and distinct from any other sources of funding. 

  

	8.2	 Claims Procedures. The Minister will reimburse claims for Eligible Costs submitted for a Claim Period,
provided there is no Event of Default and the claims are: 

  

	 	(a)	 submitted for each Claim Period, except for the first claim which will start on the Eligibility Date;

  

	 	(b)	 submitted within forty-five (45) days of the end of each Claim Period; 

 

	 	(c)	 accompanied with details of all costs being claimed according to Schedule 3 - Cost Principles, which
have been incurred by the Recipient and which will be substantiated by such documents as may be required by the Minister and presented in accordance with the Activities and the Milestones contained in Schedule 1 - Statement of Work;

  

	 	(d)	 certified, in a form satisfactory to the Minister, by the chief financial officer of the Recipient or such
other person considered satisfactory to the Minister; 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

	 	(e)	 adjusted, if necessary, by including a deduction for expenses included in a previous claim which were not
eligible expenses according to Eligible Costs definition in this Agreement or which were not paid by the Recipient; 

  

	 	(f)	 accompanied by a report containing: 

 

	 	(i)	 the Recipient’s revised projections of the Project cash flows for the current Government Fiscal Year;

  

	 	(ii)	 an identification of any planned or completed transfer to commercial production, transfer outside of Canada,
sale, lease or other disposal of equipment or SPE, as defined in Schedule 7 - Special Purpose Equipment, funded in whole or in part by the Contribution; 

 

	 	(iii)	 an itemized list of foreign sub-contracting costs, if any;

  

	 	(iv)	 the foreign exchange rates used in the claim; 

 

	 	(v)	 progress report as specified in Subsection 1.2 of Schedule 4 - Reporting Requirements;

  

	 	(vi)	 such other information as the Minister may request from time to time; and 

 

	 	(vii)	 an update to the list of current holdings of Special Purpose Equipment as per Schedule 7 - Special Purpose
Equipment, if any modifications have been made since the last claim; 

  

	 	(g)	 accompanied by a statement from the Recipient repeating and confirming the representations set out in
Section 10 of this Agreement as required by Subsection 10.3, and a certification that there are no Events of Defaults (and no state of facts exist which, with the giving of notice or the passing of time, or both, would constitute an Event of
Default); 

  

	 	(h)	 substantially (± 20 percent (20%)) consistent with the cost estimates of Schedule 1 - Statement
of Work; and 

  

	 	(i)	 accompanied by the Recipient’s travel policy (first claim only). 

 

	8.3	 Final Claim Procedures. The Recipient shall submit, within forty-five (45) days after the Project
Completion Date, the final claim along with: 

  

	 	(a)	 an itemized statement certified by the Recipient’s chief financial officer, or such other person
considered satisfactory to the Minister, attesting to the total Eligible Costs for the Project incurred and paid; 

  

	 	(b)	 a statement of the total government funding (federal, provincial and municipal funding as well as tax credits)
received or requested to cover the Eligible Costs of the Project; and 

  

	 	(c)	 a final progress report on the Project, as more fully described in Subsection 1.3 of Schedule 4 - Reporting
Requirements. 

  

	8.4	 Payment Procedures. 

 

	 	(a)	 The Minister shall review and approve the documentation submitted by the Recipient following the receipt of the
Recipient’s claim and in the event of any deficiency in the documentation, the Minister will notify the Recipient and the Recipient shall immediately take action to address and rectify the deficiency. 

	 	(b)	 Subject to the maximum Contribution amounts set forth in Subsection 4.1 and all other conditions contained in
this Agreement, the Minister shall pay to the Recipient a percentage of the Eligible Supported Costs set forth in the Recipient’s claim based on the sharing ratios identified in Paragraph 4.1 (a) and 4.1.1 (a), in accordance with the
Minister’s customary practices. 

  

	 	(c)	 The Minister may request at any time that the Recipient provide satisfactory evidence to demonstrate that all
Eligible Costs claimed have been paid. 

  

	8.5	 Overpayment by Minister. Where the Minister determines that the amount of the Contribution disbursed
exceeds the amount to which the Recipient is entitled, the Recipient shall repay to the Minister, promptly and no later than thirty (30) days from notice from the Minister, the amount of the overpayment together with interest at the Interest
Rate from the date of the notice to the day of payment to the Minister in full. Any such amount is a debt due to Her Majesty and is recoverable as such. 

  

	9.	 Reporting, Monitoring, Audit and Evaluation 

 

	9.1	 Reports. The Recipient agrees to provide the Minister with the reports as described in Schedule 4 -
Reporting Requirements, to the Minister’s satisfaction. 

  

	9.2	 Additional Information. Upon request of the Minister and at no cost to the Minister, the Recipient shall
promptly elaborate upon any report submitted or provide such additional information as may be requested. 

  

	9.3	 Minister’s Right to Audit Accounts and Records. The Recipient shall, at its own expense, maintain
and preserve in Canada and make available for audit and examination by the Minister or the Minister’s representatives all books, accounts and records relating to this Agreement or the Project held by the Recipient, its Affiliated Persons,
agents and contractors and of the information necessary to ensure compliance with the terms and conditions of this Agreement, including repayment to the Minister. The Minister will have the right to conduct such audits at the Minister’s expense
as may be considered necessary. 

 Unless otherwise agreed to in writing by the Minister, the Recipient and its Affiliated
Persons, agents and contractors shall maintain and preserve all books, accounts, invoices, receipts and records and all other documentation related to this Agreement until the end of the Recipient Fiscal Year that ends seven (7) years after the
fiscal year of the date on which they were created. 
  

	9.4	 Auditor General Rights. The Recipient recognizes, acknowledges and accepts that the Auditor General of
Canada may, at the Auditor General’s cost, after consultation with the Recipient, conduct an inquiry under the authority of subsection 7.1 (1) of the Auditor General Act in relation to any funding agreement (as defined in subsection 42
(4) of the Financial Administration Act) with respect to the use of the Contribution received. 

 For the purposes
of any such inquiry undertaken by the Auditor General, the Recipient shall provide, upon request and in a timely manner, to the Auditor General or anyone acting on behalf of the Auditor General, 

 

	 	(a)	 all records held by the Recipient, its Affiliated Persons, agents or contractors relating to this Agreement and
the use of the Contribution provided under this Agreement; and 

  

	 	(b)	 such further information and explanations as the Auditor General, or anyone acting on behalf of the Auditor
General, may request relating to this Agreement or the use of the Contribution. 

  

	9.5	 Access to Records. The Recipient shall, at all times, ensure that its agents, employees, assigns,
contractors, and Affiliated Persons are obligated to provide to the Minister or the Auditor General or their authorized representatives records and other information that are in possession of those agents, employees, assigns, contractors, and
Affiliated Persons and that relate to this Agreement or to the use of the Contribution. 

	9.6	 Access to Premises. The Recipient and its Affiliated Persons shall provide the representatives of the
Minister reasonable access to premises to inspect and assess the progress of the Project or any element thereof and supply promptly on request such data as the Minister may reasonably require for statistical or Project evaluation purposes.

  

	9.7	 Evaluation. The Recipient shall, at its own expense, participate in the preparation of case studies
reporting on the outcomes of the Project, to be completed by the Minister or the Minister’s agents, in order to assist in the Minister’s preparation of an overall evaluation of the value and effectiveness of SIF. 

 

	10.	 Representations, Warranties and Covenants 

 

	10.1	 Representations. The Recipient represents and warrants that: 

 

	 	(a)	 it is duly incorporated under Canadian law and validly existing and in good standing and has the power and
authority to carry on its business, to hold property and to enter into this Agreement and undertakes to take all necessary action to maintain itself in good standing, to preserve its legal capacity and to remain incorporated in a Canadian
jurisdiction; 

  

	 	(b)	 signatories to the Agreement have been duly authorized to execute and deliver this Agreement;

  

	 	(c)	 the execution, delivery and performance of this Agreement have been duly and validly authorized and that when
executed and delivered, the Agreement will constitute a legal, valid and binding obligation enforceable in accordance with its terms; 

  

	 	(d)	 it is under no obligation or prohibition, nor is it subject to or threatened by any actions, suits or
proceedings that could or would prevent compliance with the Agreement. The Recipient shall inform the Minister forthwith of any such occurrence; 

  

	 	(e)	 the execution and delivery of this Agreement and the performance by the Recipient of its obligations hereunder
will not, with or without the giving of notice or the passage of time or both: 

  

	 	(i)	 violate the provisions of the Recipient’s by-laws, any other
corporate governance document subscribed to by the Recipient or any resolution of the Recipient; 

  

	 	(ii)	 violate any judgment, decree, order or award of any court, government agency, regulatory authority or
arbitrator; or 

  

	 	(iii)	 conflict with or result in the breach or termination of any material term or provision of, or constitute a
default under, or cause any acceleration under, any license, permit, concession, franchise, indenture, mortgage, lease, equipment lease, contract, permit, deed of trust or any other instrument or agreement by which it is bound;

  

	 	(f)	 it has obtained or will obtain all necessary licences and permits in relation to the Project, which satisfy the
requirements of all regulating bodies of appropriate jurisdiction; 

  

	 	(g)	 it owns or holds sufficient rights in any Intellectual Property required to carry out the Project; and,

  

	 	(h)	 the description of the Project in Schedule 1 - Statement of Work is complete and accurate.

  

	10.2	 Covenants. The Recipient covenants and agrees that: 

 

	 	(a)	 it is solely responsible for providing or obtaining the funding, in addition to the Contribution, required to
carry out the Project and the fulfilment of the Recipient’s other obligations under this Agreement; 

	 	(b)	 no Material Change within the control of the Recipient will be made without the prior written consent of the
Minister. In the event that the Minister does not consent to such a Material Change, the Minister may exercise the remedies set out in Subsection 14.3; 

  

	 	(c)	 no Change in Control will be made without the prior written consent of the Minister. 

 

	 	(i)	 In the case where the Recipient is a private company, the Recipient shall notify the Minister, in writing, no
later than thirty (30) days prior to the date from which the Recipient expects to have a Change in Control, and the Minister will confirm no later than thirty (30) days after receiving notification from the Recipient if it consents to the
Change in Control. Subject to subsection 17.13, consent will not be unreasonably withheld. 

  

	 	(ii)	 In the case where the Recipient is a public company, the Recipient shall notify the Minister, in writing, of
any Change in Control no later than thirty (30) days following any Change in Control. 

  

	 	(iii)	 Prior to providing consent, the Minister may, as a result of notification of the Change in Control, require
additional due diligence to determine the impacts of the Change in Control, such as the following, but not be limited to: the legal status of the Recipient pursuant to the Strategic Innovation Fund’s program terms and conditions; the impact on
the recipient’s finances and the Project to ensure that the Recipient is able to complete the Project; and, any other considerations that may emerge. The purpose of the due diligence is to ensure that the Minister can fully evaluate any
additional considerations that were not identified at the time of authorizing the funding. In the event that the Minister does not consent to such a Change in Control, the Minister may exercise the remedies set out in Subsection 14.3;

  

	 	(d)	 it shall retain possession and control of all Project Assets, including SPE as per Schedule 7 - Special
Purpose Equipment, the cost of which has been contributed to by the Minister under the Agreement, and the Recipient shall not Dispose of the same without the prior written consent of the Minister, other than in the ordinary course of business
where the aggregate book value of such Project Assets for each occurrence is no greater than [***]; 

  

	 	(e)	 it shall, in advance and in writing, and subject to Paragraphs 10.2 (c) and (d) of this Agreement, notify
the Minister in the event of any Acquisition or Divestiture. In the case where the Recipient is a public company, the Recipient shall notify the Minister in writing of any Acquisition or Divestiture contemporaneously with any press release, or
filing of a public regulatory notice in respect of such Acquisition or Divestiture; 

  

	 	(f)	 that it shall not make any dividend payments or other shareholder distributions that would prevent it from
implementing the Project or satisfying any other of the Recipient’s obligations under this Agreement, including, without limitation, the making of repayments to the Minister hereunder; 

 

	 	(g)	 it shall comply with the federal visibility requirements set out in Schedule 2 - Communications
Obligations; and 

  

	 	(h)	 it shall comply with all laws and regulations applicable to it. 

 

	10.3	 Renewal of Representations. It is a condition precedent to any disbursement under this Agreement that
the representations, warranties and covenants contained in this Agreement are true at the time of payment and that the Recipient is not in default of compliance with any terms of this Agreement. 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

	11.	 Intellectual Property 

 

	11.1	 Background Intellectual Property. The Recipient must own the Background Intellectual Property or hold
sufficient Background Intellectual Property Rights to permit the Project to be carried out and the Project Intellectual Property to be exploited by the Recipient. 

 

	11.2	 Project Intellectual Property. Ownership of the Project Intellectual Property to which the Minister has
directly contributed, and the ownership of Project Intellectual Property Rights therefore, shall vest in the Recipient and shall remain in Canada for the Term unless otherwise agreed to by the Minister. 

 

	11.3	 License of Project Intellectual Property. The Recipient agrees not to grant any exclusive right or
exclusive license to, any of the Project Intellectual Property without the prior written consent of the Minister, except in respect of an end-user licensee in conjunction with the sale of Resulting Products
and except [***]. 

  

	11.4	 Protection of Project Intellectual Property. The Recipient shall take appropriate steps to protect and
enforce the Project Intellectual Property. The Recipient shall provide information to the Minister in that regard, upon request. 

  

	11.5	 Crown Ownership of Intellectual Property. The Crown will not have an ownership interest in the Project
Intellectual Property nor will the Crown acquire new rights in Background Intellectual Property by virtue solely of having provided the Contribution. Rights attributed to the Crown in any other way including under the Public Servants Inventions
Act are not in any way affected by this Agreement. 

  

	11.6	 Reporting on Licensing Activities. The Recipient will report [***], to the satisfaction of the Minister,
a list of licensing arrangements with respect to the Project Intellectual Property executed since the previous report except for the first report which will cover the period from the Execution Date to the end of the first [***].

  

	12.	 Environmental and Other Requirements 

 

	12.1	 The Recipient represents that the Project is not a “designated project” and is not being carried out
on “federal lands” as such terms are defined in the Canadian Environmental Assessment Act, 2012 (“CEAA”). 

  

	12.2	 The Recipient shall, in respect of the Project, comply with all federal, provincial, territorial, municipal and
other applicable laws, including but not limited to, statutes, regulations, by-laws, rules, orders, ordinances and decrees governing the Recipient or the Project, or both, relating to environmental protection
and the successful implementation of and adherence to any mitigation measures, monitoring or follow-up program that may be prescribed by the Minister or other federal, provincial, territorial, municipal
tribunals or bodies, and certifies to the Minister that it has done so to date. 

  

	12.3	 The Recipient will provide the Minister with reasonable access to any Project site for the purpose of ensuring
that the terms and conditions of any environmental approval are met, and that any mitigation, monitoring or follow-up measure required has been carried out. 

 

	12.4	 If as a result of changes to the Project or otherwise, an assessment is required in accordance with CEAA for
the Project, the Minister and the Recipient agree that the Minister’s obligations under this Agreement will be suspended from the moment that the Minister informs the Recipient, until (i) a decision statement has been issued to the
Recipient or, if applicable, the Minister has decided that the Project is not likely to cause significant adverse environmental effects or the Governor in Council has decided that the significant adverse environmental effects are justified in the
circumstances, and (ii) if required, an amendment to this Agreement has been signed, setting out any conditions included in the decision statement. 

  

	12.5	 Aboriginal consultation. The Recipient acknowledges that the Minister’s obligation to pay the
Contribution is conditional upon Her Majesty satisfying any obligation that Her Majesty may have to consult with or to accommodate any Aboriginal groups, which may be affected by the terms of this Agreement. 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

	12.6	 Official Languages. The Recipient agrees that any public acknowledgement of the Minister’s public
support for the Project will be expressed in both official languages. 

  

	13.	 Indemnification and Limitation of Liability 

 

	13.1	 Indemnification. Except for any claims arising from the gross negligence of, or willful misconduct by,
the Minister’s employees, officers, agents or servants, the Recipient agrees, at all times, to indemnify and save harmless, the Minister and any of his officers, servants, employees or agents from all and against all claims and demands,
actions, suits or other proceedings (and all losses, costs and damages relating thereto) by whomsoever made, brought or prosecuted (all of the foregoing collectively, the “Claims”), where such Claims are asserted or arise from the Minister
being a Party to this Agreement and exercising his rights and performing his obligations under this Agreement, to the extent such Claims result from: 

  

	 	(a)	 the Project, its operation, conduct or any other aspect thereof; 

 

	 	(b)	 the performance or non-performance of this Agreement, or the breach or
failure to comply with any term, condition, representation or warranty of this Agreement by the Recipient, its Affiliated Persons, its officers, employees and agents, or by a third party or its officers, employees, or agents; 

 

	 	(c)	 the design, construction, operation, maintenance and repair of any part of the Project; or,

  

	 	(d)	 any omission or other wilful or negligent act or delay of the Recipient, its Affiliated Person or a third party
and their respective employees, officers, or agents. 

  

	13.2	 Limitation of Liability. Notwithstanding anything to the contrary contained herein, the Minister shall
not be liable for any direct, indirect, special or consequential damages of the Recipient nor for the loss of revenues or profits arising from, based upon, occasioned by or attributable to the execution of this Agreement, regardless of whether such
a liability arises in tort (including negligence), contract, fundamental breach or breach of a fundamental term, misrepresentation, breach of warranty, breach of fiduciary duty, indemnification or otherwise. 

 

	13.3	 Her Majesty, her agents, employees and servants will not be held liable in the event the Recipient enters into
a loan, a capital or operating lease or other long-term obligation in relation to the Project for which the Contribution is provided. 

  

	14.	 Default and Remedies 

 

	14.1	 Event of Default. The Minister may declare that an Event of Default has occurred if:

  

	 	(a)	 the Recipient has failed or neglected to pay Her Majesty any amount due in accordance with this Agreement;

  

	 	(b)	 the Project is not completed in accordance with Schedule 1 - Statement of Work to the Minister’s
satisfaction by the Project Completion Date or the Project is abandoned by the Recipient in whole or in part; 

  

	 	(c)	 the Recipient has not, in the opinion of the Minister, met or satisfied a term, covenant or condition of this
Agreement; 

  

	 	(d)	 the Recipient becomes bankrupt or insolvent, goes into receivership, or takes the benefit of any statute, from
time to time in force, relating to bankrupt or insolvent debtors; 

	 	(e)	 an order is made or the Recipient has passed a resolution for the winding up or dissolution of the Recipient,
or the Recipient is dissolved or wound up; 

  

	 	(f)	 the Recipient has, in the opinion of the Minister, ceased to carry on business or has sold all or substantially
all of its assets or enters into a letter of intent or binding obligation to sell all or substantially all of its assets; 

  

	 	(g)	 the Recipient has not met or satisfied a term or condition under any other contribution agreement or agreement
of any kind with Her Majesty; 

  

	 	(h)	 the Recipient fails to fulfill any of the contractual obligations set out in this Agreement;

  

	 	(i)	 a representation, covenant, warranty or statement contained herein or in any document, report or certificate
delivered to the Minister hereunder or in connection therewith is false or misleading at the time it was made; and 

  

	 	(j)	 the Recipient fails to comply with the obligations regarding audit and evaluation, as set out in
Section 9. 

  

	14.2	 Notice and Rectification Period. Except in the case of an Event of Default under paragraphs (d), (e) and
(f) of Subsection 14.1 above, the Minister will not declare that an Event of Default has occurred unless the Parties have attempted to resolve the issue in accordance with Schedule 6 - Resolution Process. If the Parties are unable to
resolve this issue, the Minister may give written notice to the Recipient of the occurrence which, in the Minister’s opinion, constitutes an Event of Default and the Recipient fails, within thirty (30) days of receipt of the notice, either
to correct the condition or event or demonstrate, to the satisfaction of the Minister that it has taken such steps as are necessary to correct the condition, failing which the Minister may declare that an Event of Default has occurred.

  

	14.3	 Remedies on Default. If, after following the process in Schedule 6 - Resolution Process, the
Minister declares that an Event of Default has occurred, the Minister may immediately exercise one or more of the following remedies, in addition to any remedy available at law: 

 

	 	(a)	 suspend or terminate any obligation by the Minister to contribute or continue to contribute to the Eligible
Costs including any obligation to pay any amount owing prior to the date of such suspension; 

  

	 	(b)	 require the Recipient to repay to the Minister [***] (i) [***] or (ii) [***] of the [***] repayable
Contribution paid by the Minister [***] up to the date of the Event of Default, together with interest from the day of demand at the Interest Rate; 

  

	 	(c)	 require the Recipient to pay the Minister the total of all amounts required to be repaid pursuant to this
Agreement or the Maximum Amount to be Repaid, whichever shall be the greater, less any amount already repaid to the Minister together with interest from the day of demand at the Interest Rate; 

 

	 	(d)	 terminate the Agreement; and 

 

	 	(e)	 post a notice on a Government of Canada website disclosing that the Recipient has committed an Event of Default
under the provisions of this Agreement and describing generally the remedies, if any, that the Minister has accordingly exercised. 

  

	14.4	 The Recipient acknowledges the policy objectives served by the Minister’s agreement to make the
Contribution, that the Contribution comes from the public monies, and that the amount of damages sustained by Her Majesty in an Event of Default is difficult to ascertain and therefore, that it is fair and reasonable that the Minister be entitled to
exercise any or all of the remedies provided for in this Agreement and to do so in the manner provided for in this Agreement, if an Event of Default occurs. 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

	15.	 Miscellaneous 

 

	15.1	 Compliance with Lobbying Act. The Recipient warrants and represents:

  

	 	(a)	 that it has filed all Lobbying Act returns required to be filed in respect of persons employed by the
Recipient who communicate and/or arrange meetings with Public Office Holders as part of their employment duties, and that it will continue to do so; 

  

	 	(b)	 that it has not contracted with any person to communicate and/or arrange meetings with Public Office Holders
for remuneration that is or would be contingent in any way upon the success of such person arranging meetings with Public Office Holders, or upon the approval of the Recipient’s application for SIF funding, or upon the amount of SIF funding
paid or payable to the Recipient under this Agreement; 

  

	 	(c)	 that it will not contract with any person to communicate and/or arrange meetings with Public Office Holders for
remuneration that is or would be contingent upon the success of such person arranging meetings with Public Office Holders, or upon the amount of SIF funding paid or payable to the Recipient under this Agreement; 

 

	 	(d)	 all persons who are or have been contracted by the Recipient to communicate and/or arrange meetings with Public
Office Holders in respect of this Agreement are in full compliance with the registration and other requirements of the Lobbying Act; and 

  

	 	(e)	 it shall at all times ensure that any persons contracted to communicate and/or arrange meetings with Public
Office Holders in respect of the Agreement are in full compliance with the requirements of the Lobbying Act. 

  

	15.2	 Members of Parliament. The Recipient represents and warrants that no member of the House of Commons will
be admitted to any share or part of this Agreement or to any benefit to arise therefrom. No person who is a member of the Senate will, directly or indirectly, be a party to or be concerned in this Agreement. 

 

	15.3	 Compliance with Post-Employment Provisions. The Recipient confirms that no current or former public
servant or public office holder to whom the Values and Ethics Code for the Public Service, the Values and Ethics Code for the Public Sector, the Policy on Conflict of Interest and Post-Employment or the Conflict of Interest
Act apply, will derive a direct benefit from this Agreement unless the provision or receipt of such benefits is in compliance with such legislation and codes. 

 

	15.4	 The Recipient acknowledges that the representations and warranties in this section are fundamental terms of
this Agreement. In the event of breach of these, the Minister may exercise the remedies set out in Subsection 14.3. 

  

	16.	 Confidentiality 

 

	16.1	 Consent Required. Subject to Schedule 2 - Communications Obligations, the Access to
Information Act, the Privacy Act and the Library and Archives Act of Canada, each Party shall keep confidential and shall not without the consent of the other Party disclose the contents of the Agreement and the documents
pertaining thereto, whether provided before or after the Agreement was entered into, or of the transactions contemplated herein. 

	16.2	 International Dispute. Notwithstanding Subsection 16.1 of this Agreement, the Recipient waives any
confidentiality rights to the extent such rights would impede Her Majesty from fulfilling her notification obligations to a world trade panel for the purposes of the conduct of a dispute, in which Her Majesty is a party or a third party intervener.
The Minister is authorized to disclose the contents of this Agreement and any documents pertaining thereto, whether predating or subsequent to this Agreement, or of the transactions contemplated herein, where in the opinion of the Minister, such
disclosure is necessary to the defence of Her Majesty’s interests in the course of a trade remedy investigation conducted by a foreign investigative authority, and is protected from public dissemination by the foreign investigative authority.
The Minister shall notify the Recipient of such disclosure. 

  

	16.3	 Financing, Licensing and Subcontracting. Notwithstanding Subsection 16.1 of this Agreement, the Minister
hereby consents to the Recipient disclosing this Agreement, and any portion or summary thereof, for any of the following purposes: 

  

	 	(a)	 securing additional financing; 

 

	 	(b)	 licensing for commercial exploitation; or 

 

	 	(c)	 confirming to agents, contractors and subcontractors of the Recipient that all agents, contractors and
subcontractors must agree to provide the Minister and the Auditor-General with access to their records and premises, provided that any person to whom this Agreement or any portion or summary thereof is disclosed shall execute a non-disclosure agreement prior to such disclosure. 

  

	16.4	 Repayments. Notwithstanding Subsection 16.1 of this Agreement, the Minister may disclose any information
relating to the amount of each repayment made by the Recipient whether due or paid. 

  

	17.	 General 

 

	17.1	 Debt due to Canada. Any amount owed to Her Majesty under this Agreement shall constitute a debt due to
Her Majesty and shall be recoverable as such. Unless otherwise specified herein, the Recipient agrees to make payment of any such debt forthwith on demand. 

  

	17.2	 Interest. Debts due to Her Majesty will accrue interest in accordance with the Interest and
Administrative Charges Regulations, in effect on the due date, compounded monthly on overdue balances payable, from the date on which the payment is due, until payment in full is received by Her Majesty. Any such amount is a debt due to Her
Majesty and is recoverable as such. 

  

	17.3	 Set-off Rights of Minister. Without limiting the scope of the set-off rights provided for under the Financial Administration Act, it is understood that the Minister may set off against the Contribution any amounts owed by the Recipient to the Minister under legislation
or contribution agreements and the Recipient shall declare to the Minister all amounts outstanding in that regard when making a claim under this Agreement. 

  

	17.4	 No Assignment of Agreement. No Party shall assign the Agreement or any part thereof without the prior
written consent of the Minister. Any attempt by a Party to assign this Agreement or any part thereof, without the express written consent of the Minister, is void. 

 

	17.5	 Annual Appropriation. Any payment by the Minister under this Agreement is subject to there being an
appropriation for the Government Fiscal Year in which the payment is to be made; and to cancellation or reduction in the event that departmental funding levels are changed by Parliament. If the Minister is prevented from disbursing the full amount
of the Contribution due to a lack or reduction of appropriation or departmental funding levels, the Minister and the Recipient agree to review the effects of such a shortfall in the Contribution on the implementation of this Agreement.

  

	17.6	 Successors and Assigns. This Agreement is binding upon the Recipient, its successors and permitted
assigns. 

	17.7	 Event of Force Majeure. The Recipient will not be in default by reason only of any failure in the
performance of the Project in accordance with Schedule 1 - Statement of Work if such failure arises without the fault or negligence of the Recipient and is caused by any event of Force Majeure. 

 

	17.8	 Applicable Law. This Agreement will be interpreted in accordance with the laws of the province of
British Columbia and federal laws of Canada applicable therein. The word “law” used herein has the same meaning as in the Interpretation Act, as amended. 

 

	17.9	 Dispute Resolution. If a dispute arises concerning the application or interpretation of this Agreement,
the Parties will attempt to resolve the matter through good faith negotiation, and may, if necessary and the Parties consent in writing, resolve the matter through mediation or arbitration by a mutually acceptable mediator or by arbitration in
accordance with the Commercial Arbitration Code set out in the schedule to the Commercial Arbitration Act (Canada), as amended, and all regulations made pursuant to that Act. 

 

	17.10	 No Amendment. No amendment to this Agreement shall be effective unless it is made in writing and signed
by the Parties hereto. 

  

	17.11	 Contribution Agreement Only. This Agreement is a contribution agreement only, not a contract for
services or a contract of service or employment, and nothing in this Agreement, the Parties relationship or actions is intended to create, or be construed as creating, a partnership, employment or agency relationship between them. The Recipient is
not in any way authorized to make a promise, agreement or contract and to incur any liability on behalf of Her Majesty or to represent itself as an agent, employee or partner of Her Majesty, including in any agreement with a third party, nor shall
the Recipient make a promise, agreement or contract and incur any liability on behalf of Her Majesty, and the Recipient shall be solely responsible for any and all payments and deductions required by the applicable laws. 

 

	17.12	 No Waiver. The rights and remedies of the Minister under this Agreement shall be cumulative and not
exclusive of any right or remedy that he or she would otherwise have. The fact that the Minister refrains from exercising a remedy he or she is entitled to exercise under this Agreement will not constitute a waiver of such right and any partial
exercise of a right will not prevent the Minister in any way from later exercising any other right or remedy under this Agreement or other applicable law. 

  

	17.13	 Consent of the Minister. Whenever this Agreement provides for the Minister to render a decision or for
the Recipient to obtain the consent or agreement of the Minister, such decision shall be reasonable on the facts and circumstance and such consent or agreement will not be unreasonably withheld but the Minister may make the issuance of such consent
or agreement subject to reasonable conditions. 

  

	17.14	 No conflict of interest. The Recipient and its Affiliated Persons, consultants and any of their
respective advisors, partners, directors, officers, shareholders, employees, agents and volunteers shall not engage in any activity where such activity creates a real, apparent or potential conflict of interest in the sole opinion of the Minister,
with the carrying out of the Project. For greater certainty, and without limiting the generality of the foregoing, a conflict of interest includes a situation where anyone associated with the Recipient owns or has an interest in an organization that
is carrying out work related to the Project. 

  

	17.15	 Disclose potential conflict of interest. The Recipient shall disclose to the Minister without delay any
actual or potential situation that may be reasonably interpreted as either a conflict of interest or a potential conflict of interest. 

  

	17.16	 Severability. Any provision of this Agreement which is prohibited by law or otherwise deemed ineffective
will be ineffective only to the extent of such prohibition or ineffectiveness and will be severable without invalidating or otherwise affecting the remaining provisions of the Agreement. 

	17.17	 Signature in Counterparts. This Agreement may be signed in counterparts and such counterparts may be
delivered by acceptable electronic transmission, including portable document format (PDF), each of which when executed and delivered is deemed to be an original, and when taken together, will constitute one and the same Agreement.

  

	17.18	 Currency. Unless otherwise indicated, all dollar amounts referred to in this Agreement are to the
currency of Canada. 

  

	17.19	 Tax. The Recipient acknowledges that financial funding from government programs may have tax
implications for its organization and that advice should be obtained from a qualified tax professional. 

  

	18.	 Contact Information & Notices 

 

	18.1	 Form and Timing of Notice. Any notice or other communication under this Agreement shall be made in
writing. The Minister or the Recipient may send any written notice by any pre-paid method, including regular or registered mail, courier or email. Notice will be considered as received upon delivery by the
courier, upon the Party confirming receipt of the email or one (1) day after the email is sent, whichever the sooner or five (5) calendar days after being mailed. 

 

	18.2	 Any notices to the Minister in fulfillment of obligations such as claims, reporting, and any other documents
stipulated under this Agreement, will be addressed to: 

 Strategic Innovation Fund 

Attn: Senior Director 
 8th
Floor 
 235 Queen Street 

Ottawa, Ontario K1A 0H5 
 Fax
No: (613) 954-5649 
 Email address: to be provided by SIF upon request from the Recipient. 

Notwithstanding the foregoing, claims forms will not be sent by email unless otherwise agreed to in writing by the Minister. 

 

	18.3	 Any notices to the Recipient will be addressed to: 

AbCellera Biologics Inc. 
 Attn:
Andrew Booth, Chief Financial Officer (CFO) 
 Address: 2215 Yukon St., 

     Vancouver, B.C. 

     V5Y 0A1 

Tel. No.: 604-559-9005 

Email address: to be provided by the Recipient to SIF. 
  

	18.4	 Change of Contact Information. Each of the Parties may change the address, which they have stipulated in
this Agreement by notifying in writing the other Party of the new address, and such change shall be deemed to take effect fifteen (15) calendar days after receipt of such notice. 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF the Parties hereto have executed this Agreement through duly authorized
representatives. 
 HER MAJESTY THE QUEEN IN RIGHT OF CANADA  

as represented by the Minister of Industry 
  

									
	Per:	  	 /s/ Colette Kaminsky
	  		  	 2020.04.10
	  	
		  	Strategic Innovation Fund	  		  	Date	  	
		  	Colette Kaminsky, Director General	  		  		  	
				
	AbCellera Biologics Inc.	  		  		  	
					
	Per:	  	 /s/ Andrew Booth
	  		  	 11 April 2020
	  	
		  	Andrew Booth, Chief Financial Officer (CFO)	  		  	Date	  	
					
		  	I have the authority to bind the Corporation.	  		  		  	

 SCHEDULE 1 - STATEMENT OF WORK (SOW) 

[***] 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 SCHEDULE 2 - COMMUNICATIONS OBLIGATIONS 

[***] 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 SCHEDULE 3 - COST PRINCIPLES 

[***] 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 SCHEDULE 4 - REPORTING REQUIREMENTS 

[***] 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 SCHEDULE 5 - REPAYMENTS TO THE MINISTER (CONDITIONAL) 

[***] 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 SCHEDULE 6 - RESOLUTION PROCESS 

[***] 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 SCHEDULE 7 - SPECIAL PURPOSE EQUIPMENT 

[***] 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 SPECIAL PURPOSE EQUIPMENT FORM 

[***] 

  

	
	[***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 SECOND
AMENDMENT (this “Amendment”), dated as of November 16, 2020, to the Credit Agreement dated as of October 25, 2018 (as amended by that certain First Amendment dated as of November 26, 2019 and as further amended,
restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”) among RESIDEO TECHNOLOGIES, INC., a Delaware corporation (“Holdings”), RESIDEO HOLDING INC., a
Delaware corporation (“U.S. HoldCo 1”), RESIDEO INTERMEDIATE HOLDING INC., a Delaware corporation (“U.S. HoldCo 2”), RESIDEO FUNDING INC., a Delaware corporation (the “Borrower”), the financial
institutions party thereto as Lenders and Issuing Banks and JPMORGAN CHASE BANK, N.A., as Administrative Agent. 
 WHEREAS, the
Borrower has requested that the Required Lenders amend the Credit Agreement pursuant to Section 9.02(b) of the Credit Agreement as set forth herein; and 

NOW, THEREFORE, in consideration of the premises and agreements, provisions and covenants herein contained and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 SECTION
1. Defined Terms. Capitalized terms used and not otherwise defined herein have the meanings assigned to them in the Credit Agreement as amended hereby. 

SECTION 2. Amendments. In accordance with Section 9.02 of the Credit Agreement and effective as of the Second Amendment Effective
Date, the Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken
text) and to add the double-underlined text (indicated textually in the same manner as the following example:
double-underlined text) as set forth in the conformed copy
of the Credit Agreement attached as Annex A hereto. 
 SECTION 3. Representations and Warranties. To induce the
other parties hereto to enter into this Amendment, Holdings, U.S. HoldCo 1, U.S. HoldCo 2 and the Borrower each represents and warrants to the other parties hereto on the Second Amendment Effective Date that: 

(a)     (i) the execution, delivery and performance by such Loan Party of this Amendment is within such Loan Party’s
corporate or other organizational power and has been duly authorized by all necessary corporate or other organizational action of each such Loan Party; and (ii) this Amendment has been duly executed and delivered by such Loan Party and is a
legal, valid and binding obligation of such Loan Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, 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; and 
 (b)
    the execution, delivery and performance of this Amendment by each applicable Loan Party (i) 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 where failure to obtain such consent or approval, or make such registration or filing, in the aggregate, would not reasonably be expected to have a Material
Adverse Effect, (ii) will not violate any Requirement of Law applicable to Holdings, the Borrower or any Restricted Subsidiary, (iii) will not violate or result in a default under any indenture, agreement or other instrument binding upon
Holdings, the Borrower or any Restricted Subsidiary or their respective assets, or give rise to a right thereunder to require any payment, repurchase or redemption to be made by Holdings, the Borrower or any Restricted Subsidiary

 
or give rise to a right of, or result in, termination, cancellation or acceleration of any obligation thereunder, except with respect to any violation, default, payment, repurchase, redemption,
termination, cancellation or acceleration under this clause (iii) or clause (ii) above that would not reasonably be expected to have a Material Adverse Effect and (iv) will not result in the creation or imposition of any Lien on any
asset of Holdings, the Borrower or any Restricted Subsidiary, except Liens permitted by Section 6.02 of the Credit Agreement. 

SECTION 4. Second Amendment Effective Date. This Amendment shall become effective as of the first date (the “Second
Amendment Effective Date”) on which each of the following conditions shall have been satisfied (or waived in accordance with Section 9.02 of the Credit Agreement): 

(a)     the Administrative Agent shall have received a counterpart signature page of this Amendment duly executed by
Holdings, U.S. HoldCo 1, U.S. HoldCo 2, the Borrower, the Administrative Agent and Lenders who shall constitute the Required Lenders; 
 (b)
    all fees and expenses required to be paid by (or on behalf of) the Borrower to the Administrative Agent or any arranger pursuant to any fee letter with the Borrower on or before the Second Amendment Effective Date shall have
been (or shall substantially contemporaneously be) paid in full in cash (and in the case of expenses, to the extent invoiced at least three Business Days prior to the Second Amendment Effective Date or such shorter period agreed by the Borrower in
its sole discretion); 
 (c)     the representations and warranties of each Loan Party set forth herein and in the Loan
Documents shall be true and correct in all material respects on and as of the Second Amendment Effective Date; provided that, to the extent that such representations and warranties specifically refer to an earlier date, they shall be true and
correct in all material respects as of such earlier date; provided, further, that any representation and warranty that is qualified by materiality or reference to Material Adverse Effect shall be true and correct in all respects,
taking into account such materiality or reference to Material Adverse Effect, on the Second Amendment Effective Date or on such earlier date, as the case may be; 

(d)     at the time of and immediately after giving effect to this Amendment, no Default or Event of Default shall have
occurred and be continuing; and 
 (e)     the Administrative Agent shall have received a certificate, dated the Second
Amendment Effective Date and signed by a Financial Officer or the President or a Vice President of the Borrower, confirming compliance with the conditions set forth in paragraphs (c) and (d) of this Section 4. 

SECTION 5. Effect of Amendment. 

(a)     Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair,
constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms,
conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or of any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force
and effect. Nothing herein shall be deemed to entitle the Borrower to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any
other Loan Document in similar or different circumstances, except as expressly set forth herein. 

 (b)     From and after the Second Amendment Effective Date, each
reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, and each reference to the “Credit Agreement” in any other Loan Document shall be
deemed a reference to the Credit Agreement as amended hereby. 
 (c)     This Amendment shall constitute a “Loan
Document” for all purposes of the Credit Agreement and the other Loan Documents. 
 SECTION 6. Expenses. (a) The Borrower
agrees to reimburse the Administrative Agent for its reasonable and documented out-of-pocket expenses incurred by it in connection with this Amendment, including the
reasonable and documented fees, charges and disbursements of Davis Polk & Wardwell LLP, counsel for the Administrative Agent. 

(b)    The provisions of Section 9.03 (Expenses; Indemnity; Damage Waiver) of the Credit Agreement, as amended by
this Amendment, are otherwise incorporated herein by reference, mutatis mutandis. 
 SECTION 7. Amendments; Severability.
(a) Once effective, this Amendment may not be amended nor may any provision hereof be waived except pursuant to Section 9.02 of the Credit Agreement. 

(b)    If any provision of this Amendment is held to be illegal, invalid or unenforceable, the legality, validity and
enforceability of the remaining provisions of this Amendment shall not be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction.  
 SECTION 8. Ratification and Reaffirmation. Each Loan Party party hereto hereby ratifies and reaffirms:
(a) its Loan Document Obligations in respect of the Credit Agreement and each of the other Loan Documents to which it is a party and all of the covenants, duties, indebtedness and liabilities under the Credit Agreement and the other Loan
Documents to which it is a party, (b) its prior grant and the validity of the Liens granted by it pursuant to the Security Documents, with all such Liens continuing in full force and effect after giving effect to this Amendment and (c) the
Liens and security interests created in favor of the Administrative Agent for the benefit of the Secured Parties pursuant to each Security Document; which Liens shall continue to secure the Secured Obligations, in each case, on and subject to the
terms and conditions set forth in the Credit Agreement and the other Loan Documents. 
 SECTION 9. GOVERNING LAW; Waiver of Jury Trial;
Jurisdiction. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. The provisions of Sections 9.09 and 9.10 of the Credit
Agreement, as amended by this Amendment, are incorporated herein by reference, mutatis mutandis. 
 SECTION 10. Headings.
Section headings herein are included for convenience of reference only and shall not affect the interpretation of this Amendment.  

SECTION 11. Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument. Delivery by facsimile or other electronic imaging means of an executed counterpart of a signature page to this Amendment shall be effective as delivery of an

 
original executed counterpart of this Amendment. Delivery of an executed counterpart of a signature page of this Amendment that is an electronic signature transmitted by telecopy, emailed pdf or
any other electronic means that reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment. The words “execution,” “signed,” “signature,”
“delivery,” and words of like import in or relating to this Amendment shall be deemed to include electronic signatures, deliveries or the keeping of records in any electronic form (including deliveries by telecopy, emailed pdf or any other
electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based
recordkeeping system, as the case may be, provided that nothing herein shall require the Administrative Agent to accept electronic signatures in any form or format without its prior written consent and pursuant to procedures approved by it;
provided, further, without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept any electronic signature, the Administrative Agent and each of the Lenders shall be entitled to rely on such electronic signature
purportedly given by or on behalf of, Holdings, U.S. HoldCo 1, U.S. HoldCo 2, the Borrower or any other Loan Party without further verification thereof and without any obligation to review the appearance or form of any such electronic signature and
(ii) upon the request of the Administrative Agent or any Lender, any electronic signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the foregoing, Holdings, U.S. HoldCo 1, U.S. HoldCo 2,
the Borrower and each Loan Party party hereto hereby (i) agrees that, for all purposes, including without limitation, in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the
Administrative Agent, the Lenders, Holdings, U.S. HoldCo 1, U.S. HoldCo 2, the Borrower and the Loan Parties, electronic signatures transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed
signature page and/or any electronic images of this Amendment shall have the same legal effect, validity and enforceability as any paper original, (ii) the Administrative Agent and each of the Lenders may, at its option, create one or more
copies of this Amendment in the form of an imaged electronic record in any format, which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document (and all such electronic records shall be
considered an original for all purposes and shall have the same legal effect, validity and enforceability as a paper record), (iii) waives any argument, defense or right to contest the legal effect, validity or enforceability of this Amendment based
solely on the lack of paper original copies of this Amendment, respectively, including with respect to any signature pages thereto and (iv) waives any claim against any Lender-Related Person for any losses, claims, damages and liabilities
arising solely from the Administrative Agent’s and/or any Lender’s reliance on or use of electronic signatures and/or transmissions by telecopy, emailed pdf or any other electronic means that reproduces an image of an actual executed
signature page, including any such losses, claims, damages and liabilities arising as a result of the failure of Holdings, U.S. HoldCo 1, U.S. HoldCo 2, the Borrower and/or any Loan Party to use any available security measures in connection with the
execution, delivery or transmission of any electronic signature. 
 [Remainder of page intentionally left blank] 

 [SIGNATURE PAGES HAVE BEEN OMITTED] 

 ANNEX A 

AMENDMENTS TO CREDIT AGREEMENT 

[Attached] 

 CONFORMED COPY REFLECTING 

SECOND AMENDMENT TO CREDIT AGREEMENT DATED AS OF NOVEMBER 16, 

2020 ADDED TEXT SHOWN
UNDERSCORED 

DELETED TEXT SHOWN STRIKETHROUGH 

FOR PURPOSES OF THIS EXHIBIT 10.1, THE REGISTRANT HAS INCLUDED ONLY 

THE RELEVANT CHANGED PAGES OF THE CREDIT AGREEMENT AND HAS 

OMITTED THE PAGES OF THE CREDIT AGREEMENT THAT HAVE NO MARKED 

CHANGES 
  

 
 CREDIT AGREEMENT 

dated as of October 25, 2018, among 

RESIDEO TECHNOLOGIES, INC., 
 as
Holdings, 
 RESIDEO HOLDING INC., 

as U.S. HoldCo 1, 
 RESIDEO
INTERMEDIATE HOLDING INC., 
 as U.S. HoldCo 2, 

RESIDEO FUNDING INC., 
 as
Borrower, 
 The Lenders and Issuing Banks Party Hereto, and 

JPMORGAN CHASE BANK, N.A., 
 as
Administrative Agent 
  
  

JPMORGAN CHASE BANK, N.A., 

GOLDMAN SACHS BANK USA, 
 MERRILL
LYNCH, PIERCE, FENNER & SMITH INCORPORATED and 
 BARCLAYS BANK PLC, 

as Joint Lead Arrangers and Joint Bookrunners 

GOLDMAN SACHS BANK USA, 
 BANK OF
AMERICA, N.A., and 
 BARCLAYS BANK PLC, 

as Syndication Agents 
 MUFG UNION
BANK, N.A., 
 ROYAL BANK OF CANADA, 

SUMITOMO MITSUI BANKING CORPORATION, 

SUNTRUST BANK, 
 THE TORONTO
DOMINION BANK, NEW YORK BRANCH, 
 UNICREDIT BANK AG, NEW YORK BRANCH, 

U.S. BANK NATIONAL ASSOCIATION, and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Documentation Agents 
  

 
  

 

 (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) for Borrowings denominated in
dollars, (i) the LIBO Rate for dollars for such Interest Period (or such date, as applicable) multiplied by (ii) the Statutory Reserve Rate and (b) for Borrowings denominated in a Permitted Foreign Currency, the LIBO Rate for
such currency for such Interest Period. Notwithstanding the foregoing, in no event shall the Adjusted LIBO Rate at any time be less than 0.00% per annum. 

“Administrative Agent” means JPMCB (including its branches and affiliates), in its capacity as administrative
agent and collateral 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. 

“Affected
 Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. 

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly, Controls
or is Controlled by or is under common Control with the Person specified. 
 “Affiliated Lender Assignment and
Assumption” means an assignment and assumption entered into by a Lender and a Purchasing Borrower Party (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of
Exhibit H or any other form approved by the Administrative Agent. 
 “Aggregate Revolving Commitment”
means, at any time, the sum of the Revolving Commitments of all the Revolving Lenders at such time. 
 “Aggregate
Revolving Exposure” means, at any time, the sum of the Revolving Exposures of all the Revolving Lenders at such time. 

“Agreement” has the meaning assigned to such term in the introductory statement to this Agreement. 

“Agreement Currency” has the meaning assigned to such term in Section 9.19. 

“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 NYFRB Rate in effect on such day plus 1⁄2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such
day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided that for the purpose of this definition, the Adjusted LIBO Rate for any day shall be based on the applicable LIBO Screen Rate (or if that
LIBO Screen Rate is not 

 
available for such one month Interest Period, the Interpolated Rate) at approximately 11:00 a.m. London time on such day. Any change in the Alternate Base Rate due to a change in the Prime Rate,
the NYFRB Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate, respectively. If the Alternate Base Rate is being used as an alternate rate
of interest pursuant to Section 2.14 hereof, then the Alternate Base Rate shall be the greater of clause (a) and (b) above and shall be determined without reference to clause (c) above. For the avoidance of doubt, if the Alternate
Base Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Alternative Incremental Facility Debt” means any Indebtedness incurred by the Borrower in the form of one or
more series of senior secured notes, bonds or debentures and/or term loans secured on a pari passu basis with or junior basis to the Loans or senior unsecured notes or senior subordinated notes or any bridge facility; provided that (i) if such
Indebtedness is secured, such Indebtedness shall be secured by the Collateral on a pari passu or junior basis with the Loan Document Obligations and is not secured by any property or assets of any member of the Restricted Group other than the
Collateral, (ii) such Indebtedness does not mature or have scheduled amortization or payments of principal prior to the Latest Maturity Date (or in the case of Indebtedness secured on a junior basis to the Loan Document Obligations or unsecured
Indebtedness, the date that is 90 days after the Latest Maturity Date) at the time such Indebtedness is incurred (except, in each case, upon the occurrence of an event of default, a change in control, an event of loss or an asset disposition or in
the case of Indebtedness secured by the Collateral on a pari passu basis with the Liens securing the Obligations, de minimis amortization not in excess of 1.00% per annum); provided that the requirements set forth in this clause (ii) shall not
apply to any Indebtedness consisting of a customary bridge facility so long as such bridge facility, subject to customary conditions, would either automatically be converted into or required to be exchanged for permanent refinancing that does not
mature earlier than the Latest Maturity Date, (iii) the mandatory prepayment provisions of any such Indebtedness shall not be more favorable to the applicable lenders or creditors than those of the Term Loans unless (x) the Lenders of the
Term Loans also receive the benefit of such more favorable terms or (y) such provisions apply after the Latest Maturity Date at the time and (iv) such Indebtedness is not guaranteed by any Subsidiaries other than the Loan Parties. 

“Ancillary
 Document” has the meaning given to such term in Section 9.06(b). 

“Anti-Corruption Laws” means all laws, and regulations of any Governmental Authority applicable to the
Borrower or any of its Affiliates from time to time concerning or relating to bribery or corruption. 
 “Applicable
Adjustments” has the meaning given to such term in the definition of “Consolidated EBITDA”. 

“Applicable Parties” has the meaning given to such term in Section 9.01(d)(iii). 

 “Applicable Percentage” means, at any time with respect to
any Revolving Lender, the percentage of the Aggregate Revolving Commitment represented by such Lender’s Revolving Commitment at such time (or, if the Revolving Commitments have terminated or expired, such Revolving lender’s share of the
total Revolving Exposure at that time); provided that, at any time any Revolving Lender shall be a Defaulting Lender, for purposes of Section 2.20(c)(ii), “Applicable Percentage” shall mean the percentage of the total Revolving
Commitments (disregarding any such Defaulting Lender’s Revolving Commitment) represented by such Lender’s Revolving Commitment. If the Revolving Commitments have terminated or expired, the Applicable Percentages shall be determined based
upon the Revolving Commitments most recently in effect, giving effect to any assignments of Revolving Loans and LC Exposures that occur after such termination or expiration and to any Lender’s status as a Defaulting Lender at the time of
determination. 
 “Applicable Rate” means, for any day: 

(a) with respect to any Loan that is a Tranche B Term Loan, (i) on or prior to the First Amendment Effective Date, 2.00%
per annum in the case of Eurocurrency Loans and 1.00% 
 “Bail-In
Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution
Authority in respect of any liability of an
EEAAffected
 Financial Institution. 

”Bail-In Legislation” means, (a) with respect to any EEA Member Country implementing Article 55
of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing
law, regulation, rule or requirement for such EEA Member
Country from time to time which is described in the EU Bail-In Legislation Schedule.
and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from
time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation,
administration or other insolvency proceedings). 
 “Back
to Back Arrangements” shall mean any “back-to-back” transactions between or among Holdings, the Borrower or any Restricted Subsidiary, in connection
with facilitating any Hedging Agreements (provided that, for such arrangements to constitute Back to Back Arrangements, such arrangements must be settled in cash, which for this purpose shall include netting of obligations, within five Business Days
of any corresponding settlement with the third party counterparty to such Hedging Agreement). 
 “Bankruptcy
Event” means, with respect to any Person, that such Person has become the subject of a bankruptcy, insolvency proceeding or Bail-In Action, or has had a receiver, conservator, trustee, administrator,
custodian, examiner, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, in the good faith determination of the Administrative Agent, has taken any action in
furtherance of, or indicating its consent to, approval of or acquiescence in, any such proceeding or appointment or has become the subject of a Bail-In Action;

 “Judgment Currency” has the meaning assigned to such term
in Section 9.19. 
 “Latest Maturity Date” means, at any time, the latest of the Maturity Dates in
respect of the Classes of Loans and Commitments that are outstanding at such time. 
 “LC Disbursement”
means a payment made by an Issuing Bank pursuant to a Letter of Credit. 
 “LC Exposure” means, at any time,
the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time and (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC
Exposure of any Revolving Lender at any time shall be such Lender’s Applicable Percentage of the aggregate LC Exposure at such time. 

“LC Sublimit” means an amount equal to $75,000,000. 

“LCT Election” means the Borrower’s election to test the permissibility of a Limited Condition
Transaction in accordance with the methodology set forth in Section 1.06. 
 “LCT Test Date” has the
meaning specified in Section 1.06. 
 “Lender Presentation” means that certain lender presentation
delivered by Holdings to the Administrative Agent on September 24, 2018. 
 “Lender-Related Person” has the meaning specified in Section 9.03(d). 
 “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, an Incremental Facility Amendment or a Refinancing Facility Agreement, other than any such Person that shall have ceased to be a party hereto
pursuant to an Assignment and Assumption. 
 “Letters of Credit” means any letter of credit (or with respect
to any Issuing Bank, any bank guarantee (or similar instrument) as such Issuing Bank may in its sole discretion approve) denominated in dollars or in a Permitted Foreign Currency issued pursuant to this Agreement by an Issuing Bank under the
Revolving Commitments and shall include any Existing Letter of Credit (which shall be deemed issued hereunder on the Effective Date), other than any such letter of credit that shall have ceased to be a “Letter of Credit” outstanding
hereunder pursuant to Section 9.05. 
 “PTE” means a prohibited transaction class exemption issued by
the U.S. Department of Labor, as any such exemption may be amended from time to time. 
 “Public-Siders” has
the meaning assigned to such term in Section 9.17(b). 
 “Purchasing Borrower Party” means any of
Holdings, the Borrower or any Restricted Subsidiary. 

 “QFC” has the meaning assigned to the term “qualified
financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 
 “QFC Credit
Support” has the meaning assigned to such term in Section 9.21. 
 “Qualified Equity
Interests” means Equity Interests of Holdings, other than Disqualified Equity Interests. 
 “Receivables
Entity” means a wholly owned Subsidiary of Holdings which engages in no activities other than in connection with the financing of accounts receivable of the Receivables Sellers and which is designated (as provided below) as the
“Receivables Entity” (a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by Holdings, the Borrower or any Restricted Subsidiary (excluding guarantees of obligations (other
than the principal of, and interest on, Indebtedness)) pursuant to Standard Securitization Undertakings, (ii) is recourse to or obligates Holdings, the Borrower or any Restricted Subsidiary in any way (other than pursuant to Standard
Securitization Undertakings) or (iii) subjects any property or asset of Holdings, the Borrower or any Restricted Subsidiary, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard
Securitization Undertakings, (b) with which neither Holdings, the Borrower nor any Restricted Subsidiary has any contract, agreement, arrangement or understanding (other than pursuant to the Permitted Receivables Facility Documents (including
with respect to fees payable in the ordinary course of business in connection with the servicing of accounts receivable and related assets)) on terms less favorable to Holdings, the Borrower or such Restricted Subsidiary than those that might be
obtained at the time from persons that are not Affiliates of Holdings, and (c) to which neither Holdings, the Borrower, nor any Restricted Subsidiary has any obligation to maintain or preserve such entity’s financial condition or cause
such entity to achieve certain levels of operating results. Any such designation shall be evidenced to the Administrative Agent by a certificate of a Financial Officer of the Borrower certifying that, to the best of such officer’s knowledge and
belief after consultation with counsel, such designation complied with the foregoing conditions. 
 “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK
Resolution Authority. 
 “Receivables Seller”
has the meaning assigned to such term in the definition of “Permitted Receivables Facility”. 

“Recipient” means (a) the Administrative Agent, (b) any Lender and (c) any Issuing Bank, as
applicable. 
 “Reference Rate” means, for any day, the Adjusted LIBO Rate as of such day for a Eurocurrency
Borrowing with an Interest Period of three months’ duration (without giving effect to the last sentence of the definition of the term “Adjusted LIBO Rate” herein). 

“Second
 Amendment” means that certain Second Amendment to the Credit Agreement, dated as of November 16, 2020, among Holdings, U.S. HoldCo 1, U.S. HoldCo 2, the Borrower, the Lenders party thereto and the Administrative Agent. 

“Second
 Amendment Effective Date” means November 16, 2020. 

“Secured Cash Management Obligations” means the due and punctual payment of any and all obligations of
(x) Holdings and each Loan Party and (y) each Restricted Subsidiary that is not a Loan Party, in each case whether absolute or contingent and however and whenever created, arising, evidenced or acquired (including all renewals, extensions
and modifications thereof and substitutions therefor) arising in respect of Cash Management Services or in the case of clause (y) above only, local working capital and/or bilateral credit facilities that are secured by the Collateral (such
local working capital and/or bilateral credit facilities, the “Cash Management Financing Facilities”); provided that at the time of incurrence of obligations incurred pursuant to clause (y) of this definition and
after giving effect thereto, the Non-Guarantor Debt Basket shall not have been exceeded, in each case that (a) (i) are owed to the Administrative Agent or an Affiliate thereof, or to any Person that was
the Administrative Agent or an Affiliate thereof at the time the agreements in respect of such obligations were entered, incurred or that becomes the Administrative Agent or an Affiliate thereof thereafter, (ii) are owed on the Effective Date
to a Person that is a Lender or an Affiliate of a Lender as of the Effective Date or (iii) are owed to a Person that is a Lender or an Affiliate of a Lender at the time such obligations are incurred or becomes a Lender or an Affiliate of a
Lender thereafter and (b) are secured by the Collateral. 
 “Secured Hedging Obligations” means the due
and punctual payment of any and all obligations of Holdings, the Borrower and each Restricted Subsidiary arising under each Hedging Agreement that (a)(i) is with a counterparty that is the Administrative Agent or an Arranger or an Affiliate thereof,
or any Person that was the Administrative Agent or an Arranger or an Affiliate thereof at the time such Hedging Agreement was entered into or that becomes the Administrative Agent or an Arranger or an Affiliate thereof thereafter, (ii) is in
effect on the Effective Date with a counterparty that is a Lender or an Affiliate of a Lender as of the Effective Date or (iii) is entered into after the Effective Date with a counterparty that is a Lender or an Affiliate of a Lender at the
time such Hedging Agreement is entered into or that becomes a Lender or an Affiliate of a Lender thereafter and (b) are secured by the Collateral. Notwithstanding the foregoing, in the case of any Excluded Swap Guarantor, “Secured Hedging
Obligations” shall not include Excluded Swap Obligations of such Excluded Swap Guarantor. 
 “Secured
Parties” means, collectively, (a) the Lenders, (b) the Administrative Agent, (c) each Issuing Bank, (d) each provider of Cash Management Services the obligations under which constitute Secured Cash Management
Obligations, (e) each counterparty to any Hedging Agreement the obligations under which constitute Secured Hedging Obligations, (f) each Supply Chain Bank in a Secured Supply Chain Financing and (g) the successors and assigns of each
of the foregoing. 

 “Secured Supply Chain Financing” means any Supply Chain
Financing that is entered into by and between the Borrower or any Restricted Subsidiary and any Supply Chain Bank, including any such Supply Chain Financing that is in effect on the Effective Date; provided that (a) the Borrower and the
applicable Supply Chain Bank shall have designated such Supply Chain Financing as a Secured Supply Chain Financing in writing delivered to the Administrative Agent in substantially the form of Exhibit K (other than with respect to any Supply Chain
Financings where the Administrative Agent or an Affiliate thereof is the Supply Chain Bank), (b) Secured Supply Chain Financing Obligations in respect of Secured Supply Chain Financings shall not 

“Transition Services Agreement” means the Transition Services Agreement between Honeywell and Holdings and/or
one or more of its subsidiaries, to be dated on or prior to the Distribution Date. 
 “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. 

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

“U.S. HoldCo 1” has the meaning assigned to such term in the introductory statement to this Agreement. 

“U.S. HoldCo 2” has the meaning assigned to such term in the introductory statement to this Agreement. 

“U.S. Intellectual Property” means Intellectual Property (as defined in the Collateral Agreement) that is
registered or applied for in the United States. 
 “U.S. Person” means a “United States person”
within the meaning of Section 7701(a)(30) of the Code. 
 “U.S. Special Resolution Regimes” has the
meaning assigned to such term in Section 9.21. 
 “U.S. Subsidiary” means any Subsidiary organized
under the laws of the United States of America, any State thereof or the District of Columbia. 

 
applicable to such Indebtedness at all times prior to maturity; provided that appropriate adjustments shall be made for any changes in rates of interest provided for in the documents governing
such Indebtedness (other than those resulting from fluctuations in interbank offered rates, prime rates, Federal funds rates or other external indices not influenced by the financial performance or creditworthiness of Holdings, the Borrower or any
Subsidiary). 
 “wholly owned Subsidiary” means, with respect to any Person at any date, a subsidiary of
such Person of which securities or other ownership interests representing 100% of the Equity Interests (other than directors’ qualifying shares) are, as of such date, owned, controlled or held by such Person or one or more wholly owned
Subsidiaries of such Person or by such Person and one or more wholly owned Subsidiaries of such Person. 

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal
from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 “Withholding
Agent” means any Loan Party, the Administrative Agent and, in the case of any U.S. federal withholding Tax, any other withholding agent, if applicable. 

”Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down
and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule., and (b) 

with respect
to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any
contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a
right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those
powers. 
 SECTION 1.02. Classification of Loans and
Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type (e.g., a “Eurocurrency Loan”) or by Class and Type (e.g., a
“Eurocurrency Revolving Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., a “Eurocurrency Borrowing”) or by Class and Type
(e.g., a “Eurocurrency Revolving 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 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 

(f)    non-exclusive licenses or sublicenses of IP Rights granted
in the ordinary course of business or other licenses or sublicenses of IP Rights granted in the ordinary course of business that do not materially interfere with the business of Holdings, the Borrower or any Restricted Subsidiary; 

(g)    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, and transfers of property arising from foreclosure or similar action with regard to, any asset of Holdings, the Borrower or any Restricted Subsidiary; 

(h)    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; 

(i)    dispositions permitted by Section 6.08; 

(j)    dispositions set forth on Schedule 6.05; 

(k)    sales, transfers, leases and other dispositions of assets that are not permitted by any other clause
of this Section; provided that (i) the aggregate fair value of all assets sold, transferred, leased or otherwise disposed of in reliance upon this clause (k) shall not exceed (A) in any fiscal year, 15% of Consolidated Total
Assets as of the fiscal year most recently ended prior to such sale, transfer, lease or other disposition and (B) during the term of this Agreement, 40% of Consolidated Total Assets as of the fiscal year most recently ended prior to such sale,
transfer, lease or other disposition and (ii) no Event of Default has occurred and is continuing or would result therefrom; 

(l)    sales, transfers or other dispositions of accounts receivable in connection with Permitted
Receivables Facilities; 
 (m)    sales, transfers or other dispositions of any assets (including Equity
Interests) 
 (A)    acquired in connection with any acquisition or other investment permitted under Section 6.04,
which assets are not used or useful to the core or principal business of the Borrower and the Restricted Subsidiaries and/or (B) made to obtain the approval of any applicable antitrust authority in connection with an acquisition permitted under
Section 6.04; and 

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

(o)    sales,
 transfers or other dispositions pursuant to any sale and leaseback transactions permitted under Section 6.06(b); 

 provided that all sales, transfers, leases and other dispositions permitted hereby
(other than those permitted by clauses (a)(iii), (a)(iv) and (b)) for a purchase price in excess of $25,000,000 shall be made for fair value (as determined in good faith by the Borrower), and at least 75% of the consideration from all sales,
transfers, leases and other dispositions permitted hereby (other than those permitted by clause (b), (d), (g) or (h)) since the Effective Date, on a cumulative basis, is in the form of cash or Permitted Investments; provided further
that (i) any consideration in the form of Permitted Investments that are disposed of for cash consideration within 30 Business Days after such sale, transfer or other disposition shall be deemed to be cash consideration in an amount equal to
the amount of such cash consideration for purposes of this proviso, (ii) any liabilities (as shown on the Borrower’s or such Restricted Subsidiary’s most recent balance sheet provided hereunder or in the footnotes thereto) of the
Borrower or such Restricted Subsidiary, other than liabilities that are by their terms subordinated to the payment in cash of the Obligations, that are assumed by the transferee with respect to the applicable sale, transfer, lease or other
disposition and for which the Borrower and all the Restricted Subsidiaries shall have been validly released by all applicable creditors in writing shall be deemed to be cash consideration in an amount equal to the liabilities so assumed and
(iii) any Designated Non-Cash Consideration received by the Borrower or such Subsidiary in respect of such sale, transfer, lease or other disposition having an aggregate fair market value, taken together
with all other Designated Non-Cash Consideration received pursuant to this clause (iii) that is at that time outstanding, not in excess of $45,000,000 at the time of the receipt of such Designated Non-Cash Consideration, with the fair market value of each item of Designated Non-Cash Consideration being measured at the time received and without giving effect to
subsequent changes in value, shall be deemed to be cash consideration. 
 SECTION 6.06. Sale and Leaseback
Transactions. Neither the Borrower will, nor will Holdings, permit any Restricted Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its
business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred, except for: 

(a)    any such sale of any fixed or capital assets by Holdings, the Borrower or any Restricted 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 270 days after the Borrower or such Restricted Subsidiary acquires or completes the construction of such fixed or capital asset;
provided
that,and
 

(b)    
from and after the Second Amendment Effective Date, sale and leaseback transactions consummated by Holdings,
the Borrower or any Restricted Subsidiary in an aggregate amount not to exceed $150,000,000 for all such sale and leaseback transactions, provided that, each sale and leaseback transaction is (x) undertaken on arm’s length commercial terms
and (y) no Event of Default has occurred and is continuing or would result therefrom; 

provided
that, in each case of clauses (a) and (b) above, if such sale and leaseback results in a Capital Lease Obligation, such Capital Lease Obligation is permitted by Section 6.01(a)(vi) and any
Lien made the subject of such Capital Lease Obligation is permitted by Section 6.02(a)(v). 

 SECTION 6.07. Hedging Agreements. Neither Holdings nor the Borrower
shall, nor shall they permit any Restricted Subsidiary to, enter into any Hedging Agreement other than 

(a)    Neither the Administrative Agent nor any of its Related Parties shall be (i) liable for any
action taken or omitted to be taken by it under or in connection with this Agreement or the other Loan Documents (x) with the consent of 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) or (y) in the absence of its own gross negligence or willful misconduct (such absence to be
presumed unless otherwise determined by a court of competent jurisdiction by a final and nonappealable judgment) or (ii) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by any
Loan Party or any officer thereof contained in this Agreement or any other Loan Document or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with,
this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document (including, for the avoidance of doubt, in connection with the Administrative Agent’s reliance on any electronic
signature transmitted by telecopy, emailed pdf or any other electronic means that reproduces an image of an actual executed signature page) or for any failure of any Loan Party to perform its
obligations hereunder or thereunder. 
 (b)    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, a Lender or an Issuing Bank, 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 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, (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 or satisfaction of any condition that expressly
refers to the matters described therein being acceptable or satisfactory to the Administrative Agent or (vi) the creation, perfection or priority of Liens on the Collateral. Notwithstanding anything herein to the contrary, the Administrative
Agent shall not be liable for, or be responsible for any loss, cost or expense suffered by the Borrower, any Subsidiary, any Lender or any Issuing Bank as a result of, any determination of the Revolving Exposure or the component amounts thereof or
any portion thereof attributable to each Lender or Issuing Bank, or of the Weighted Average Yield. 

 (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)
Expenses. Holdings and the Borrower shall pay, (i) all
reasonable, documented and invoiced out-of-pocket expenses incurred by the Administrative Agent, the Arrangers, the Syndication Agents, the Documentation Agents and
their respective Affiliates (without duplication), including the reasonable fees and documented charges and disbursements of a single primary counsel and to the extent reasonably determined by the Administrative Agent to be necessary, one 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,
(ii) all reasonable, documented and invoiced out-of-pocket expenses incurred by any Issuing Bank in connection with the issuance, amendment, renewal or extension of
any Letter of Credit or any demand for payment thereunder and (iii) all reasonable, documented and invoiced out-of-pocket expenses incurred by the Administrative
Agent, any Issuing Bank, any Lender or any Arranger, including the reasonable, documented and invoiced fees, charges and disbursements of counsel for any of the foregoing, in connection with the enforcement or protection of its rights in connection
with the Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such
out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 

(b)    
Indemnity. Holdings and the Borrower shall indemnify the
Administrative Agent, the Arrangers, the Syndication Agents, the Documentation Agents, the Lenders, the Issuing Banks 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 the reasonable and documented fees, charges and disbursements of one firm of counsel for all such Indemnitees, taken
as a whole, and, if reasonably necessary, of a single firm of local counsel in each appropriate jurisdiction (which may include a single firm of special counsel acting in multiple jurisdictions) for all such Indemnitees, taken as a whole (and, in
the case of an actual or perceived conflict of interest where the 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, if
reasonably necessary, of another firm of local counsel in each appropriate jurisdiction (which may include a single firm of special counsel acting in multiple jurisdictions) for such affected Indemnitee)), incurred by or asserted against such
Indemnitees arising out of, in connection with or as a result of any actual or prospective claim, litigation, investigation or proceeding relating to (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 Letter of Credit or the use of the proceeds therefrom (including any refusal by any Issuing Bank to honor a demand for payment under a
Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit) or (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, in each case, 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, liabilities or related expenses to the extent they are found in a final and
non-appealable judgment of a court of competent jurisdiction to have resulted from (A) the bad faith, willful misconduct or gross negligence of such Indemnitee, (B) a claim brought by Holdings, the
Borrower or any Subsidiary against such Indemnitee for material breach of such Indemnitee’s obligations under this Agreement or any other Loan Document or (C) a proceeding that does not involve an act or omission by Holdings, the Borrower
or any of their respective Affiliates and that is brought by an Indemnitee against any other Indemnitee (other than a proceeding that is brought against the Administrative Agent or any other agent or any Arranger in its capacity 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)    Reimbursement. 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, any Issuing Bank 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, such Issuing Bank 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 Issuing Bank in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent or any Issuing Bank in connection with such capacity; provided further that, with respect to such unpaid
amounts owed to any Issuing Bank in its capacity as such, or to any Related Party of any of the foregoing acting for any Issuing Bank in connection with such capacity, only the Revolving Lenders shall be required to pay such unpaid amounts. For
purposes of this Section, a Lender’s “pro rata share” shall be determined by its share of the sum of the total Revolving Exposure, unused Revolving Commitments and, except for purposes of the second proviso

 
of the immediately preceding sentence, the outstanding Term Loans and unused Term 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)    
Limitation of Liability. To the fullest extent permitted by
applicable law, (i) 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 Indemniteethe
Administrative Agent, any Arranger, any Syndication Agent, any Co-Documentation Agent, any Issuing Bank and any Lender, and any Related Party of the foregoing Persons (each such Person being called a
“Lender-Related Person”) 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), except to the extent such damages are found in a final and non-appealable judgment of a court of competent
jurisdiction to have resulted from the bad faith, willful misconduct or gross negligence of any IndemniteeLender-Related Person or Related Party of any IndemniteeLender-Related
Person or (ii) neither any IndemniteeLender- Related Person nor any other party to this Agreement or any
other Loan Document shall be liable 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 Letter of Credit or the use of the proceeds thereof; provided that nothing in this clause (ii) shall limit the expense reimbursement and indemnification obligations
of Holdings and the Borrower set forth in paragraphs (a) and (b) of this Section 9.03. 

(e)    
Payments. 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 (including any Affiliate of any Issuing Bank that issues any Letter of Credit), 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 each Lender 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 (including any Affiliate of any Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section), the Arrangers, the Syndication Agents, the
Documentation Agents 
 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 and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that
the Administrative Agent, the Arrangers, any Syndication Agent, any Documentation Agent, any Issuing Bank, 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 or any LC Exposure is outstanding and so long as the Commitments have not expired or terminated. Notwithstanding the foregoing or anything else to the contrary set forth in this Agreement
or any other Loan Document, in the event that, in connection with the refinancing or repayment in full of the credit facilities provided for herein, an Issuing Bank shall have provided to the Administrative Agent a written consent to the release of
the Revolving Lenders from their obligations hereunder with respect to any Letter of Credit issued by such Issuing Bank (whether as a result of the obligations of the Borrower (and any other account party) in respect of such Letter of Credit having
been collateralized in full by a deposit of cash with such Issuing Bank, or being supported by a letter of credit that names such Issuing Bank as the beneficiary thereunder, or otherwise), then from and after such time such Letter of Credit shall
cease to be a “Letter of Credit” outstanding hereunder for all purposes of this Agreement and the other Loan Documents, and the Revolving Lenders shall be deemed to have no participations in such Letter of Credit, and no obligations with
respect thereto, under Section 2.05(d) or 2.05(e). 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 Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. 

SECTION 9.06. Counterparts; Integration; Effectiveness.
(a) 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. 
 (b) Delivery
 of an executed counterpart of a signature page of (x) this Agreement, (y) any other Loan Document
and/or (z) any document, amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered

 
pursuant to Section 9.01), certificate, request, statement,
disclosure or authorization related to this Agreement, any other Loan Document and/or the transactions contemplated hereby and/or thereby (each an “Ancillary Document”) that is an electronic signature transmitted by telecopy,
emailed pdf or any other electronic means that reproduces an image of an actual executed signature page
shall be effective as delivery of a manually executed counterpart of this Agreement, such other Loan Document or such Ancillary Document, as applicable. The words “execution,” “signed,”
“signature,” “delivery,” and words of like import in or relating to this Agreement, any other Loan Document and/or any Ancillary Document shall be deemed to include electronic signatures, deliveries or the keeping of records in
any electronic form (including deliveries by telecopy, emailed pdf or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability as a
manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, provided that nothing herein shall require the Administrative Agent to accept electronic signatures in any form or format
without its prior written consent and pursuant to procedures approved by it; provided, further, without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept any electronic signature, the Administrative Agent
and each of the Lenders shall be entitled to rely on such electronic signature purportedly given by or on behalf of, Holdings, U.S. HoldCo 1, U.S. HoldCo 2, the Borrower or any other Loan Party without further verification thereof and without any
obligation to review the appearance or form of any such electronic signature and (ii) upon the request of the Administrative Agent or any Lender, any electronic signature shall be promptly followed by a manually executed counterpart. Without
limiting the generality of the foregoing, Holdings, U.S. HoldCo 1, U.S. HoldCo 2, the Borrower and each Loan Party hereby (i) agrees that, for all purposes, including without limitation, in connection with any workout, restructuring,
enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders, Holdings, U.S. HoldCo 1, U.S. HoldCo 2, the Borrower and the Loan Parties, electronic signatures transmitted by telecopy, emailed pdf. or any
other electronic means that reproduces an image of an actual executed signature page and/or any electronic images of this Agreement, any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity and enforceability
as any paper original, (ii) the Administrative Agent and each of the Lenders may, at its option, create one or more copies of this Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged electronic record in
any format, which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal
effect, validity and enforceability as a paper record), (iii) waives any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement, any other Loan Document and/or any Ancillary Document based solely on the
lack of paper original copies of this Agreement, such other Loan Document and/or such Ancillary Document, respectively, including with respect to any signature pages thereto and (iv) waives any claim against any Lender-Related Person for any
losses, claims, damages and liabilities arising solely from the Administrative Agent’s and/or any Lender’s reliance on or use of electronic signatures and/or transmissions by telecopy, emailed pdf or any other electronic means that
reproduces an image of an actual executed signature page, including any such losses, claims, damages 

 
and liabilities arising as a result of the failure of Holdings,
U.S. HoldCo 1, U.S. HoldCo 2, the Borrower and/or any Loan Party to use any available security measures in connection with the execution, delivery or transmission of any electronic signature.

 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 Issuing Bank is hereby authorized at any time and from time 

(b) Holdings, the Borrower and each Lender acknowledge that, if information furnished 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 Lenders’ employees and representatives willing to receive such MNPI (such employees and representatives, “Private-Siders”); 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-Siders.
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 Lenders’ public-side employees and
representatives who do not wish to receive MNPI (such employees and representatives, “Public-Siders”), 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. 
 SECTION 9.18. Acknowledgement and Consent to Bail-In of
EEAAffected
 Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges
that any liability of any Lender or Issuing Bank that is an
EEAAffected
 Financial Institution arising under any Loan Document may be subject to the Write-Down and Conversion Powers of
an EEAthe
applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a)    the application of any Write-Down and Conversion Powers by an EEAthe
applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender or Issuing Bank party hereto that is an EEAAffected Financial Institution; and 
 (b)    the effects of any Bail-In Action on any such liability, including, if applicable: 

 (i)    a reduction in full or in part or cancellation of
any such liability; 
 (ii)    a conversion of all, or a portion of, such liability into shares or other
instruments of ownership in such
EEAAffected
 Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu
of any rights with respect to any such liability under this Agreement or any other Loan Document; or 

(iii)    the variation of the terms of such liability in connection with the exercise of the Write-Down and
Conversion Powers of any EEA
the applicable Resolution Authority. 

SECTION 9.19. Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due
hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such other
currency on the Business Day preceding that on which final judgment is given. The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or the Lenders hereunder or under the other Loan Documents shall,
notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with

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