Document:

Credit Agreement, dated as of December 1, 2012

 Exhibit 10.1 
 EXECUTION VERSION             
 CREDIT AGREEMENT 
 DATED AS OF DECEMBER 1, 2011 

AMONG 

PATTERSON COMPANIES, INC., 
 AS THE COMPANY 
 THE SUBSIDIARY BORROWERS FROM TIME TO TIME PARTIES
HERETO, 
 THE LENDERS FROM TIME TO TIME PARTIES HERETO, 

JPMORGAN CHASE BANK, N.A., 
 AS ADMINISTRATIVE AGENT 
 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

 AS SYNDICATION AGENT 
 AND 
 U.S. BANK NATIONAL ASSOCIATION, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, AND 
 BANK OF AMERICA, N.A., 
 AS CO-DOCUMENTATION AGENTS 

 
  

 
 J. P. MORGAN SECURITIES LLC,
AND 
 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., 
 AS JOINT LEAD ARRANGERS AND JOINT BOOK RUNNERS 
  

 
  

 TABLE OF CONTENTS 

 

							
	 ARTICLE I DEFINITIONS
	  	 	1	  
	 1.1.  
	  	Certain Defined Terms	  	 	1	  
	1.2.  	  	Terms Generally	  	 	25	  
	 1.3.  
	  	Financial Covenant Calculations	  	 	26	  
		
	 ARTICLE II THE CREDITS
	  	 	26	  
	 2.1.  
	  	[RESERVED]	  	 	26	  
	 2.2.  
	  	Revolving Loans	  	 	26	  
	 2.3.  
	  	Swing Line Loans	  	 	27	  
	 2.4.  
	  	Determination of Dollar Amounts; Required Payments; Termination	  	 	29	  
	 2.5.  
	  	Commitment Fee; Aggregate Revolving Loan Commitment; Term Loans	  	 	30	  
	 2.6.  
	  	Minimum Amount of Each Advance	  	 	32	  
	 2.7.  
	  	Optional Principal Payments	  	 	33	  
	 2.8.  
	  	Method of Selecting Types and Interest Periods for New Advances	  	 	33	  
	 2.9.  
	  	Conversion and Continuation of Outstanding Advances; No Conversion or Continuation of Eurocurrency Advances After Default	  	 	33	  
	 2.10.
	  	Method of Borrowing	  	 	35	  
	 2.11.
	  	Changes in Interest Rate, etc.	  	 	35	  
	 2.12.
	  	Rates Applicable After Default	  	 	35	  
	 2.13.
	  	Method of Payment; Non-availability of Original Currency	  	 	36	  
	 2.14.
	  	[RESERVED]	  	 	37	  
	 2.15.
	  	Noteless Agreement; Evidence of Indebtedness	  	 	37	  
	 2.16.
	  	Telephonic Notices	  	 	38	  
	 2.17.
	  	Interest Payment Dates; Interest and Fee Basis..	  	 	38	  
	 2.18.
	  	Notification of Advances, Interest Rates, Prepayments and Commitment Reduction	  	 	39	  
	 2.19.
	  	Lending Installations	  	 	39	  
	 2.20.
	  	Non-Receipt of Funds by the Agent	  	 	40	  
	 2.21.
	  	Market Disruption	  	 	40	  
	 2.22.
	  	Judgment Currency	  	 	41	  
	 2.23.
	  	Replacement of Lender	  	 	41	  
	 2.24.
	  	Facility LCs	  	 	42	  
	 2.25.
	  	Subsidiary Borrowers	  	 	48	  
	 2.26.
	  	Defaulting Lenders	  	 	49	  
		
	 ARTICLE III YIELD PROTECTION; TAXES
	  	 	51	  
	 3.1.  
	  	Yield Protection	  	 	51	  
	 3.2.  
	  	Changes in Capital Adequacy Regulations	  	 	51	  
	 3.3.  
	  	Availability of Types of Advances	  	 	52	  
	 3.4.  
	  	Funding Indemnification	  	 	52	  
	 3.5.  
	  	Taxes	  	 	52	  
	 3.6.  
	  	Lender Statements; Survival of Indemnity	  	 	55	  
	 3.7.  
	  	Alternative Lending Installation	  	 	55	  

  
 i 

							
	ARTICLE IV CONDITIONS PRECEDENT	  	 	56	  
	4.1.  	  	Effectiveness of this Agreement	  	 	56	  
	4.2.  	  	Each Credit Extension	  	 	57	  
	4.3.  	  	Initial Advance to Each New Subsidiary Borrower	  	 	58	  
		
	ARTICLE V REPRESENTATIONS AND WARRANTIES	  	 	59	  
	5.1.  	  	Existence and Standing	  	 	59	  
	5.2.  	  	Authorization and Validity	  	 	59	  
	5.3.  	  	No Conflict; Government Consent	  	 	59	  
	5.4.  	  	Financial Statements	  	 	60	  
	5.5.  	  	Material Adverse Change	  	 	60	  
	5.6.  	  	Taxes	  	 	60	  
	5.7.  	  	Litigation and Contingent Obligations	  	 	60	  
	5.8.  	  	Subsidiaries	  	 	60	  
	5.9.  	  	ERISA	  	 	61	  
	5.10.	  	Accuracy of Information	  	 	61	  
	5.11.	  	Regulation U	  	 	61	  
	5.12.	  	Material Agreements	  	 	61	  
	5.13.	  	Compliance With Laws	  	 	61	  
	5.14.	  	Ownership of Properties	  	 	62	  
	5.15.	  	Plan Assets; Prohibited Transactions	  	 	62	  
	5.16.	  	Environmental Matters	  	 	62	  
	5.17.	  	Investment Company Act	  	 	62	  
	5.18.	  	[RESERVED]	  	 	62	  
	5.19.	  	Insurance	  	 	62	  
	5.20.	  	Solvency	  	 	62	  
	5.21.	  	No Default or Unmatured Default	  	 	62	  
	5.22.	  	Reportable Transaction	  	 	63	  
	5.23.	  	Post-Retirement Benefits	  	 	63	  
		
	ARTICLE VI COVENANTS	  	 	63	  
	6.1.  	  	Financial Reporting	  	 	63	  
	6.2.  	  	Use of Proceeds	  	 	65	  
	6.3.  	  	Notice of Default	  	 	65	  
	6.4.  	  	Conduct of Business	  	 	65	  
	6.5.  	  	Taxes	  	 	66	  
	6.6.  	  	Insurance	  	 	66	  
	6.7.  	  	Compliance with Laws	  	 	66	  
	6.8.  	  	Maintenance of Properties	  	 	66	  
	6.9.  	  	Inspection; Keeping of Books and Records	  	 	66	  
	6.10.	  	Dividends	  	 	67	  
	6.11.	  	Merger	  	 	67	  
	6.12.	  	Sale of Assets	  	 	67	  
	6.13.	  	Investments and Acquisitions	  	 	68	  
	6.14.	  	Indebtedness	  	 	71	  
	6.15.	  	Liens	  	 	74	  
	6.16.	  	Affiliates	  	 	77	  

  
 ii 

					
	 6.17.
	  	Financial Contracts	  	77
	 6.18.
	  	Subsidiary Covenants	  	77
	 6.19.
	  	Contingent Obligations	  	77
	 6.20.
	  	Leverage Ratio	  	78
	 6.21.
	  	Interest Expense Coverage Ratio	  	78
	 6.22.
	  	[RESERVED]	  	78
	 6.23.
	  	Additional Subsidiary Guarantors	  	78
	 6.24.
	  	Foreign Subsidiary Investments	  	78
	 6.25.
	  	Subordinated Indebtedness	  	78
	 6.26.
	  	Sale of Accounts	  	79
		
	 ARTICLE VII DEFAULTS
	  	79
		
	 ARTICLE VIII ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES
	  	82
	 8.1.  
	  	Acceleration	  	82
	 8.2.  
	  	Amendments	  	83
	 8.3.  
	  	Preservation of Rights	  	84
		
	 ARTICLE IX GENERAL PROVISIONS
	  	85
	 9.1.  
	  	Survival of Representations	  	85
	 9.2.  
	  	Governmental Regulation	  	85
	 9.3.  
	  	Headings	  	85
	 9.4.  
	  	Entire Agreement	  	85
	 9.5.  
	  	Several Obligations; Benefits of this Agreement	  	85
	 9.6.  
	  	Expenses; Indemnification	  	85
	 9.7.  
	  	Numbers of Documents	  	86
	 9.8.  
	  	Accounting	  	86
	 9.9.  
	  	Severability of Provisions	  	87
	 9.10.
	  	Nonliability of Lenders	  	87
	 9.11.
	  	Confidentiality	  	87
	 9.12.
	  	Lenders Not Utilizing Plan Assets	  	88
	 9.13.
	  	Nonreliance	  	88
	 9.14.
	  	Disclosure	  	88
	 9.15.
	  	Performance of Obligations	  	88
	 9.16.
	  	Relations Among Lenders	  	89
	 9.17.
	  	USA Patriot Act Notification	  	89
	 9.18.
	  	Interest Rate Limitation	  	90
	 9.19.
	  	No Advisory or Fiduciary Responsibility	  	90
		
	 ARTICLE X THE AGENT
	  	91
	 10.1.
	  	Appointment; Nature of Relationship	  	91
	 10.2.
	  	Powers	  	91
	 10.3.
	  	General Immunity	  	91
	 10.4.
	  	No Responsibility for Loans, Recitals, etc.	  	91
	 10.5.
	  	Action on Instructions of Lenders	  	92
	 10.6.
	  	Employment of Agents and Counsel	  	92

  
 iii

							
	 10.7.  
	  	Reliance on Documents; Counsel	  	 	92	  
	 10.8.  
	  	Agent’s Reimbursement and Indemnification	  	 	92	  
	 10.9.  
	  	Notice of Default	  	 	93	  
	 10.10.
	  	Rights as a Lender	  	 	93	  
	 10.11.
	  	Lender Credit Decision	  	 	93	  
	 10.12.
	  	Successor Agent	  	 	94	  
	 10.13.
	  	Agent and Arranger Fees	  	 	94	  
	 10.14.
	  	Delegation to Affiliates	  	 	94	  
	 10.15.
	  	No Duties Imposed on Syndication Agent, Co-Documentation Agents or Arrangers	  	 	94	  
		
	 ARTICLE XI SETOFF; RATABLE PAYMENTS
	  	 	95	  
	 11.1.  
	  	Setoff	  	 	95	  
	 11.2.  
	  	Ratable Payments	  	 	95	  
		
	 ARTICLE XII BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS
	  	 	95	  
	 12.1.  
	  	Successors and Assigns; Designated Lenders	  	 	95	  
	 12.2.  
	  	Participations	  	 	98	  
	 12.3.  
	  	Assignments	  	 	100	  
	 12.4.  
	  	Dissemination of Information	  	 	102	  
	 12.5.  
	  	Tax Certifications	  	 	102	  
		
	 ARTICLE XIII NOTICES
	  	 	102	  
	 13.1.  
	  	Notices; Effectiveness; Electronic Communication	  	 	102	  
	 13.2.  
	  	Change of Address, Etc.	  	 	104	  
	 13.3.  
	  	Communications on Electronic Transmission System	  	 	104	  
		
	 ARTICLE XIV COUNTERPARTS; INTEGRATION; EFFECTIVENESS; ELECTRONIC EXECUTION
	  	 	104	  
	 14.1.  
	  	Counterparts; Effectiveness	  	 	104	  
	 14.2.  
	  	Electronic Execution of Assignments	  	 	105	  
		
	 ARTICLE XV CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL
	  	 	105	  
	 15.1.  
	  	CHOICE OF LAW	  	 	105	  
	 15.2.  
	  	CONSENT TO JURISDICTION	  	 	105	  
	 15.3.  
	  	WAIVER OF JURY TRIAL	  	 	105	  
		
	 ARTICLE XVI CO-BORROWER PROVISIONS
	  	 	106	  
	 16.1.  
	  	Appointment	  	 	106	  
	 16.2.  
	  	Separate Actions	  	 	106	  
	 16.3.  
	  	Co-Borrower Obligations Absolute and Unconditional	  	 	106	  
	 16.4.  
	  	Waivers and Acknowledgements	  	 	107	  
	 16.5.  
	  	Contribution Among Borrowers	  	 	108	  
	 16.6.  
	  	Subrogation	  	 	109	  
	 16.7.  
	  	Subordination	  	 	109	  

  
 iv 

 SCHEDULES 

 

					
	Commitment Schedule	  		  	
			
	Pricing Schedule	  		  	
			
	Mandatory Cost Schedule	  		  	

							
			
	Schedule 1.1.1	  	 	—  	  	  	Eurocurrency Payment Office of the Agent
			
	Schedule 1.1.2	  	 	—  	  	  	Existing Facility LCs
			
	Schedule 5.8	  	 	—  	  	  	Subsidiaries
			
	Schedule 6.13	  	 	—  	  	  	Investments
			
	Schedule 6.14	  	 	—  	  	  	Indebtedness
			
	Schedule 6.15	  	 	—  	  	  	Liens

 EXHIBITS 
  

							
	Exhibit A	  	 	—  	  	  	Form of the Credit Parties’ Counsel’s Opinion
			
	Exhibit B	  	 	—  	  	  	Form of Compliance Certificate
			
	Exhibit C	  	 	—  	  	  	Form of Assignment and Assumption Agreement
			
	Exhibit D	  	 	—  	  	  	Form of Promissory Note for Revolving Loan (if requested)
			
	Exhibit E	  	 	—  	  	  	Form of Designation Agreement
			
	Exhibit F	  	 	—  	  	  	List of Closing Documents
			
	Exhibit G	  	 	—  	  	  	Form of Assumption Letter
			
	Exhibit H	  	 	—  	  	  	Form of Guaranty
		  				  	

  
 v 

 CREDIT AGREEMENT 

This Credit Agreement, dated as of December 1, 2011 (as it may be amended, restated, supplemented or otherwise modified from time to
time, this “Agreement”), is entered into by and among Patterson Companies, Inc., a Minnesota corporation, as the Company, the Subsidiary Borrowers from time to time parties hereto, the Lenders and JPMorgan Chase Bank, N.A., as
administrative agent (in such capacity, and together with its branches and affiliates, the “Agent”). 
 PRELIMINARY
STATEMENTS 
 The Borrowers have requested that the Lenders provide a revolving credit facility, and the Lenders are willing
to do so on the terms and conditions set forth herein. 
 In consideration of the mutual covenants and agreements herein
contained, the parties hereto covenant and agree as follows: 
 ARTICLE I 

DEFINITIONS 
 1.1. Certain Defined Terms. As used in this Agreement: 
 “2006 ESOP
Note” means that certain ESOP Note dated September 11, 2006 payable by the Patterson Companies, Inc. Employee Stock Ownership Trust to the order of the Borrower, in the original principal amount of $105,000,000.00. 

“2008 Note Purchase Agreement” means the Note Purchase Agreement, dated as of March 2008, entered into by the Company and
certain of its Subsidiaries with respect to their issuance and private placement of senior unsecured debt securities (the “2008 Senior Notes”), as such Note Purchase Agreement may be amended, modified or supplemented from time to time in a
manner that is not materially adverse to the interests of the Lenders; provided that no such amendment, modification or supplement shall increase the aggregate outstanding principal amount of the 2008 Senior Notes in excess of the original
face amount thereof (less any prepayments made in respect thereof). 
 “2008 Senior Notes” is defined in the
definition of 2008 Note Purchase Agreement. 
 “2008 Term Loan Agreement” is defined in Section 6.14.13.

 “2011 Note Purchase Agreement” means the Note Purchase Agreement, dated as of December 2011 in substantially the
form of the draft identified as “Foley Draft 11/23/11” delivered to the Agent and the Lenders prior to the Closing Date, entered into by the Company and certain of its Subsidiaries with respect to their issuance and private placement of
senior unsecured debt securities (the “2011 Senior Notes”), as such Note Purchase Agreement may be amended, modified or supplemented from time to time in a manner that is not materially adverse to the interests of the Lenders;
provided that no such amendment, modification or supplement shall increase the aggregate outstanding principal amount of the 2011 Senior Notes in excess of the original face amount thereof (less any prepayments made in respect thereof).

 “2011 Senior Notes” is defined in the definition of 2011 Note Purchase Agreement.

 “Accounting Changes” is defined in Section 9.8 hereof. 

“Accounts” means the Company’s or a Subsidiary’s right to the payment of money from the sale, lease or other
disposition of goods or other assets by the Company or a Subsidiary, a rendering of services by the Company or a Subsidiary, a loan by the Company or a Subsidiary, the overpayment of taxes or other liabilities of the Company, or otherwise, however
such right to payment may be evidenced, together with all other rights and interests (including all liens and security interests) that the Company or Subsidiary may at any time have against any account debtor or other party obligated thereon or
against any of the property of such account debtor or other party. 
 “Acquisition” means any transaction, or any
series of related transactions, consummated on or after the Closing Date, by which the Company or any of its Subsidiaries (i) acquires any going concern business or all or substantially all of the assets of any Person, or division thereof,
whether through purchase of assets, merger or otherwise or (ii) directly or indirectly acquires from one or more Persons (in one transaction or as the most recent transaction in a series of transactions) at least a majority (in number of votes)
of the securities of a corporation which have ordinary voting power for the election of directors (other than securities having such power only by reason of the happening of a contingency) or a majority (by percentage of voting power) of the
outstanding ownership interests of a partnership or limited liability company of any Person. 
 “Administrative
Questionnaire” means, with respect to any Lender, the administrative questionnaire delivered by such Lender to the Agent upon becoming a Lender hereunder, as such questionnaire may be updated from time to time by notice from such Lender to the
Agent. 
 “Advance” means a borrowing hereunder consisting of the aggregate amount of the several Revolving Loans
(i) made by some or all of the Lenders on the same Borrowing Date, or (ii) converted or continued by the Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the several Loans of
the same Type and, in the case of Eurocurrency Loans, in the same Agreed Currency and for the same Interest Period. The term “Advance” shall include Swing Line Loans unless otherwise expressly provided. 

“Affected Lenders” is defined in Section 2.23. 
 “Affiliate” of any Person means any other Person directly or indirectly controlling, controlled by or under common control with such Person. A Person shall be deemed to control another Person if
the controlling Person is the “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934) of 10% or more of any class of voting securities (or other ownership interests) of the controlled Person or possesses,
directly or indirectly, the power to direct or cause the direction of the management or policies of the controlled Person, whether through ownership of voting securities, by contract or otherwise. 

  
 2 

 “Agent” means JPMorgan Chase, including its branches and affiliates, in its capacity as
contractual representative of the Lenders pursuant to Article X, and not in its individual capacity as a Lender, as Agent, and any successor Agent appointed pursuant to 
 Article X. 
 “Aggregate Outstanding Revolving Credit Exposure” means, at
any time, the aggregate of the Outstanding Revolving Credit Exposure of all the Lenders. 
 “Aggregate Revolving Loan
Commitment” means the aggregate of the Revolving Loan Commitments of all the Lenders, as may be increased or reduced from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Three Hundred Million and
00/100 Dollars ($300,000,000). 
 “Agreed Currencies” means (i) Dollars, (ii) so long as such currencies
remain Eligible Currencies, British Pounds Sterling, Canadian Dollars, Australian Dollars and euro, and (iii) any other Eligible Currency which the applicable Borrower requests the Agent to include as an Agreed Currency hereunder and which is
acceptable to all of the Lenders. For the purposes of this definition, each of the specific currencies referred to in clause (ii) (except for euro), above, shall mean and be deemed to refer to the lawful currency of the jurisdiction referred to
in connection with such currency, e.g., “Canadian Dollars” means the lawful currency of Canada. 

“Agreement” means this Credit Agreement, as it may be amended, restated, supplemented or otherwise modified and as in effect
from time to time. 
 “Agreement Accounting Principles” means generally accepted accounting principles as in effect in
the United States from time to time, applied in a manner consistent with that used in preparing the financial statements of the Company referred to in Section 5.4. 

“Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (i) the Prime Rate
in effect on such day, (ii) the Federal Funds Effective Rate in effect on such day plus  1/2 of 1% and (iii) the Eurocurrency Rate (calculated with respect to a Eurocurrency Advance denominated in Dollars) 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 avoidance of doubt, the Eurocurrency Rate for any day shall be based on the rate appearing on Reuters LIBOR01 page (or on any successor or substitute page of such page)
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 Federal Funds Effective Rate or the Eurocurrency Rate shall be effective from and including the effective date of such
change in the Prime Rate, the Federal Funds Effective Rate or the Eurocurrency Rate, respectively. 
 “Applicable
Fee Rate” means, with respect to the Commitment Fee at any time, the percentage rate per annum which is applicable at such time with respect to such fee as set forth in the Pricing Schedule. 

“Applicable Margin” means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable
at such time with respect to Advances of such Type as set forth in the Pricing Schedule. 

  
 3 

 “Approved Fund” means any Fund that is administered or managed by (i) a
Lender, (ii) an Affiliate of a Lender or (iii) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Approximate Equivalent Amount” of any currency with respect to any amount of Dollars shall mean the Equivalent Amount of such currency with respect to such amount of Dollars on or as of such
date, rounded up to the nearest amount of such currency as determined by the Agent from time to time. 
 “Arrangers”
means J.P. Morgan Securities LLC and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and their successors, in their capacities as joint lead arrangers and joint bookrunners for the loan transaction evidenced by this Agreement, individually or collectively,
as the context requires. 
 “Article” means an article of this Agreement unless another document is specifically
referenced. 
 “Assignment Agreement” is defined in Section 12.3.1. 

“Assumption Letter” means a letter of a Domestic Subsidiary that is a Wholly-Owned Subsidiary of the Company addressed to the
Agent and the Lenders, acknowledged by the Agent and consented to by each then existing Borrower, in substantially the form of Exhibit G hereto, pursuant to which such Subsidiary agrees to become a “Subsidiary Borrower” and agrees to be
bound by the terms and conditions hereof. 
 “Authorized Officer” means, for any Person, any of the chief executive
officer, president, chief operating officer, chief financial officer, treasurer or assistant treasurer of such Person, acting singly. 
 “Available Aggregate Revolving Loan Commitment” means, at any time, the Aggregate Revolving Loan Commitment then in effect minus the Aggregate Outstanding Revolving Credit Exposure at
such time. 
 “Banking Services” means each and any of the following bank services provided to the Company or any
Subsidiary by any Lender or any of its Affiliates: (i) credit cards for commercial customers (including, without limitation, commercial credit cards and purchasing cards), (ii) stored value cards and (iii) treasury management services
(including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts and interstate depository network services). 
 “Banking Services Agreement” means any agreement entered into by the Company or any Subsidiary in connection with Banking Services. 

“Banking Services Obligations” of a Person means any and all obligations of such Person, whether absolute or contingent and
howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under any and all Banking Services Agreements. 

  
 4 

 “Bankruptcy Event” means, with respect to any Person, such Person becomes the
subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed
for it, or, in the good faith determination of the Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not
result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest does not result in
or provide such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to
reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person. 
 “Borrower” means any of
the Company or any of the Subsidiary Borrowers, and “Borrowers” shall mean the Company and the Subsidiary Borrowers. 

“Borrowing Date” means a date on which an Advance is made hereunder. 

“Borrowing Notice” is defined in Section 2.8. 
 “Business Day” means (i) with respect to any borrowing, payment or rate selection of Eurocurrency Advances, a day (other than a Saturday or Sunday) on which banks generally are open in New
York for the conduct of substantially all of their commercial lending activities, interbank wire transfers can be made on the Fedwire system and dealings in Dollars and the other Agreed Currencies are carried on in the London interbank market (and,
if the Advances which are the subject of such borrowing, payment or rate selection are denominated in euro, a day upon which such clearing system as is determined by the Agent to be suitable for clearing or settlement of euro is open for business)
and (ii) for all other purposes, a day (other than a Saturday or Sunday) on which banks generally are open in Chicago, Illinois for the conduct of substantially all of their commercial lending activities and interbank wire transfers can be made
on the Fedwire system. 
 “Capitalized Lease” of a Person means any lease of Property by such Person as lessee which
would be capitalized on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles. 

“Capitalized Lease Obligations” of a Person means the amount of the obligations of such Person under Capitalized Leases which
would be shown as a liability on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles. 

“Cash Equivalent Investments” means (i) short-term obligations of, or fully guaranteed by, the United States of America,
(ii) commercial paper rated A-1 or better by S&P or P-1 or better by Moody’s, (iii) demand deposit accounts maintained in the ordinary course of business, (iv) certificates of deposit issued by and time deposits with
commercial banks (whether domestic or foreign) having capital and surplus in excess of $100,000,000, and (v) money market funds investing primarily in assets of the type described in clauses (i) and (ii) of this definition;
provided in each case that the same provides for payment of both principal and interest (and not principal alone or interest alone) and is not subject to any contingency regarding the payment of principal or interest. 

  
 5 

 “Change in Capital Adequacy Regulations” is defined in Section 3.2.

 “Change in Control” means (i) the acquisition by any Person, or two or more Persons acting in concert, of
beneficial ownership (within the meaning of Rule 13d-3 of the SEC under the Securities Exchange Act of 1934) of 30% or more of the outstanding shares of voting stock of the Company; (ii) other than pursuant to a transaction otherwise permitted
under this Agreement, the Company shall cease to own, directly or indirectly and free and clear of all Liens or other encumbrances, all of the outstanding shares of voting stock of the Subsidiary Borrowers and the other Guarantors on a fully diluted
basis; (iii) the majority of the Board of Directors of any Borrower fails to consist of Continuing Directors or (iv) any “Change in Control” (or similar term) under (and as defined in) the 2011 Note Purchase Agreement, the 2011
Senior Notes, the 2008 Note Purchase Agreement or the 2008 Senior Notes shall have occurred. 
 “Change in Law” means
the occurrence, after the date of this Agreement (or with respect to any Lender, if later, the date on which such Lender becomes a Lender), of any of the following: (i) the adoption or taking effect of any law, rule, regulation or treaty,
(ii) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority, or (iii) the making or issuance of any request, rules, guideline, requirement or
directive (whether or not having the force of law) by any Governmental Authority; provided, however, that notwithstanding anything herein to the contrary, (a) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all
requests, rules, guidelines, requirements and directives thereunder, issued in connection therewith or in implementation thereof, and (b) all requests, rules, guidelines, requirements and directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to a “Change in Law”
regardless of the date enacted, adopted, issued or implemented. 
 “Closing Date” means December 1, 2011.

 “Code” means the Internal Revenue Code of 1986, as amended, reformed or otherwise modified from time to time, and
any rule or regulation issued thereunder. 
 “Collateral Shortfall Amount” is defined in Section 8.1. 

“Commitment Fee” is defined in Section 2.5.1. 
 “Commitment Schedule” means the Schedule identifying each Lender’s Revolving Loan Commitment as of the Closing Date attached hereto and identified as such. 

“Company” means Patterson Companies, Inc., a Minnesota corporation, and its permitted successors and assigns (including,
without limitation, a debtor in possession on its behalf). 
 “Computation Date” is defined in Section 2.4.1.

  
 6 

 “Consolidated Adjusted EBITDA” means, as to any Person for any period, the sum of
Consolidated EBIT for such period plus (i) consolidated depreciation and amortization for such period, (ii) ESOP expense associated with the allocation of common shares secured by the 2006 ESOP Note and the Thompson Note for such period
and (iii) stock based compensation expense as defined under ASC 718 (formerly known as SFAS 123R) for such period. For Persons acquired by the Company or any Subsidiary during the relevant measurement period, their EBITDA results will be
included in the calculation of Consolidated Adjusted EBITDA as if those Persons were owned by the Company or such Subsidiary for the entire reporting period. Consolidated Adjusted EBITDA will be calculated on a rolling four-quarter basis.

 “Consolidated Adjusted Net Income” means, as to any Person for any period, the Consolidated Net Income of such
Person, provided that, for Persons acquired by the Company or any Subsidiary during the relevant measurement period, their Consolidated Net Income will be included in the calculation of Consolidated Adjusted Net Income as if those Persons
were owned by the Company or such Subsidiary for the entire reporting period. Consolidated Adjusted Net Income will be calculated on a rolling four-quarter basis. 
 “Consolidated EBIT” means, as to any Person and with reference to any period, Consolidated Net Income plus, to the extent deducted from revenues in determining Consolidated Net Income,
(i) Consolidated Interest Expense, and (ii) expense for federal, state, local and foreign income and franchise taxes paid or accrued, all calculated for such Person and its Subsidiaries on a consolidated basis. 

“Consolidated Interest Expense” means, as to any Person and with reference to any period, the interest expense of such Person
and its Subsidiaries calculated on a consolidated basis for such period including, without limitation, such interest expense as may be attributable to capitalized leases, receivables transaction financing costs, the discount or implied interest
component of off-balance sheet liabilities, all commissions, discounts and other fees and charges owed with respect to Letters of Credit and Net Mark-to-Market Exposure. 
 “Consolidated Net Income” means as to any Person and with reference to any period, the net income (or loss) of such Person and its Subsidiaries calculated on a consolidated basis for such
period, excluding any non-cash charges or gains which are unusual, non-recurring or extraordinary. 
 “Consolidated Total
Debt” means (i) all indebtedness of the Company and its Subsidiaries, on a consolidated basis, reflected on a balance sheet prepared in accordance with Agreement Accounting Principles, plus, without duplication (ii) the face amount of
all outstanding Letters of Credit in respect of which the Company or any Subsidiary has any reimbursement obligation and the principal amount of all Contingent Obligations of the Company and its Subsidiaries, plus Capitalized Lease Obligations, plus
obligations arising from the sale of accounts receivable and other forms of off-balance sheet financing, including Off-Balance Sheet Liabilities. 
 “Contingent Obligation” of a Person means any agreement, undertaking or arrangement by which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds for the
payment of, or otherwise becomes or is contingently liable upon, the obligation or 

  
 7 

 
liability of any other Person, or agrees to maintain the net worth or working capital or other financial condition of any other Person, or otherwise assures any creditor of such other Person
against loss, including, without limitation, any comfort letter, operating agreement, take-or-pay contract, application for a Letter of Credit or the obligations of any such Person as general partner of a partnership with respect to the liabilities
of the partnership. The amount of any Contingent Obligation shall be deemed to be an amount equal to the lesser of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Contingent Obligation
is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Contingent Obligation, unless such primary obligation and the maximum amount for which such guaranteeing
person may be liable are not stated or determinable, in which case the amount of the Contingent Obligation shall be such guaranteeing person’s reasonably anticipated liability in respect thereof as determined by such Person in good faith.

 “Continuing Director” means, with respect to any Person as of any date of determination, any member of the board of
directors of such Person who (i) was a member of such board of directors on the Closing Date, or (ii) was nominated for election or elected to such board of directors with the approval of the required majority of the Continuing Directors
who were members of such board at the time of such nomination or election; provided that if any individual who is so elected or nominated in connection with a merger, consolidation, acquisition or similar transaction and who was not a
Continuing Director prior thereto, together with all other individuals so elected or nominated in connection with such merger, consolidation, acquisition or similar transaction who were not Continuing Directors prior thereto, constitute a majority
of the members of the board of directors of such Person, such individual shall not be a Continuing Director. 
 “Controlled
Group” means all members of a controlled group of corporations or other business entities and all trades or businesses (whether or not incorporated) under common control which, together with the Company or any of its Subsidiaries, are treated
as a single employer under Section 414 of the Code. 
 “Conversion/Continuation Notice” is defined in
Section 2.9. 
 “Credit Extension” means the making of an Advance or the issuance of a Facility LC hereunder.

 “Credit Extension Date” means the Borrowing Date for an Advance or the issuance date for a Facility LC. 

“Credit Party” means, collectively, the Borrowers and each of the Guarantors. 

“Customer Installment Contract” means a contract between the Company or any Subsidiary and a customer providing for the
installment sale, licensing or secured financing of equipment, furnishings or computer software. 
 “Default” means an
event described in Article VII. 

  
 8 

 “Defaulting Lender” means any Lender that (i) has failed, within two
(2) Business Days of the date required to be funded or paid, to (a) fund any portion of its Loans, (b) fund any portion of its participations in Facility LCs or Swing Line Loans or (c) pay over to any Lender Party any other
amount required to be paid by it hereunder, unless, in the case of clause (a) above, such Lender notifies the Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent to funding
(specifically identified and including the particular default, if any) has not been satisfied, (ii) has notified the Company or any Lender Party in writing, or has made a public statement to the effect, that it does not intend or expect to
comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified and
including the particular default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (iii) has failed, within three (3) Business Days after request
by a Lender Party, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations to fund prospective Loans and participations in then outstanding Facility LCs and Swing
Line Loans under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (iii) upon such Lender Party’s receipt of such certification in form and substance satisfactory to it and the
Agent, or (iv) has become, or has a Parent that has become, the subject of a Bankruptcy Event. 
 “Dental
Holdings” means Patterson Dental Holdings, Inc., a Minnesota corporation. 
 “Designated Lender” means, with
respect to each Designating Lender, each Eligible Designee designated by such Designating Lender pursuant to Section 12.1.2. 
 “Designating Lender” means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 12.1.2. 

“Designation Agreement” is defined in Section 12.1.2. 

“Disqualified Stock” means any preferred or other capital stock that, by its terms (or by the terms of any security into which
it is convertible or for which it is exchangeable), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder thereof, in whole or in part,
on or prior to the date that is ninety-one (91) days after the Revolving Loan Termination Date. 
 “Dollar
Amount” of any currency at any date shall mean (i) the amount of such currency if such currency is Dollars or (ii) the equivalent in such currency of Dollars if such currency is a Foreign Currency, calculated on the basis of the
Exchange Rate for such currency, on or as of the most recent Computation Date provided for in Section 2.4. 

“Dollar” and “$” means the lawful currency of the United States of America. 

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

  
 9 

 “Eligible Currency” means any currency other than Dollars (i) that is
readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) which is convertible into Dollars in the international interbank market and (v) as to
which an Equivalent Amount may be readily calculated. If, after the designation by the Lenders of any Eligible Currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency
is issued with the result that different types of such currency are introduced, (y) such currency is, in the determination of the Agent, no longer readily available or freely traded or (z) in the determination of the Agent, an Equivalent
Amount of such currency is not readily calculable, the Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Lenders agree to reinstate such currency as an
Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Agent, the Borrowers shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency,
subject to the other terms set forth in Article II. 
 “Eligible Designee” means a special purpose corporation,
partnership, trust, limited partnership or limited liability company that is administered by the respective Designating Lender or an Affiliate of such Designating Lender and (i) is organized under the laws of the United States of America or any
state thereof, (ii) is engaged primarily in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and (iii) issues (or the parent of which issues) commercial paper rated at least A-1 or the
equivalent thereof by S&P or P-1 or the equivalent thereof by Moody’s. 
 “Environmental Laws” means any and
all applicable federal, state, local and foreign statutes, laws, judicial decisions, regulations, ordinances, rules, judgments, orders, decrees, plans, injunctions, permits, concessions, grants, franchises, licenses, agreements and other
governmental restrictions relating to (i) the protection of the environment, (ii) the effect of the environment on human health, (iii) emissions, discharges or releases of pollutants, contaminants, hazardous substances or wastes into
surface water, ground water or land, or (iv) the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, hazardous substances or wastes or the clean-up or other remediation
thereof. 
 “Equivalent Amount” of any currency with respect to any amount of Dollars at any date shall mean the
equivalent in such currency of such amount of Dollars, calculated on the basis of the Exchange Rate for such other currency at 11:00 a.m., London time, on the date on or as of which such amount is to be determined. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any rules or regulations
promulgated thereunder. 
 “ESOP” means the Patterson Companies, Inc. Employee Stock Ownership Plan, as amended and
restated effective May 1, 2011, as amended. 
 “euro” means the euro referred to in Council Regulation (EC)
No. 1103/97 dated June 17, 1997 passed by the Council of the European Union, or, if different, the then lawful currency of the member states of the European Union that participate in the third stage of Economic and Monetary Union.

  
 10 

 “Eurocurrency Advance” means an Advance which, except as otherwise provided in
Section 2.12, bears interest at the applicable Eurocurrency Rate. 
 “Eurocurrency Loan” means a Revolving Loan
which, except as otherwise provided in Section 2.12, bears interest at the applicable Eurocurrency Rate. 

“Eurocurrency Payment Office” of the Agent shall mean, for each of the Agreed Currencies, the office, branch, affiliate or
correspondent bank of the Agent specified as the “Eurocurrency Payment Office” for such currency in Schedule 1.1.1 hereto or such other office, branch, affiliate or correspondent bank of the Agent as it may from time to time specify to the
Borrowers and each Lender as its Eurocurrency Payment Office. 
 “Eurocurrency Rate” means, with respect to a
Eurocurrency Advance for the relevant Interest Period, the sum of (i) the result of (a) the Eurocurrency Reference Rate applicable to such Interest Period, divided by (b) one minus the Reserve Requirement (expressed as a decimal)
applicable to such Interest Period, if any, multiplied by (c) the Statutory Reserve Rate, plus, without duplication, (ii) the then Applicable Margin, changing as and when the Applicable Margin changes and (iii) in the case of Advances
by a Lender from its office or branch in the United Kingdom, the Mandatory Cost. 
 “Eurocurrency Reference Rate”
means, with respect to a Eurocurrency Advance for the relevant Interest Period, the applicable British Bankers’ Association Interest Settlement Rates for deposits in the applicable Agreed Currency as reflected on the applicable Reuters screen
as of 11:00 a.m. (Local Time) on the first day of such Interest Period with respect to British Pounds Sterling and two (2) Business Days prior to the first day of such Interest Period with respect to all other Agreed Currencies, and having
a maturity equal to such Interest Period, provided that, if no such British Bankers’ Association LIBOR rate is available to the Agent, the applicable Eurocurrency Reference Rate for the relevant Interest Period shall instead be the rate
determined by the Agent to be the rate at which JPMorgan Chase or one of its affiliate banks offers to place deposits in the applicable Agreed Currency with first-class banks in the London interbank market at approximately 11:00 a.m. (Local Time) on
the first day of such Interest Period with respect to British Pounds Sterling and two (2) Business Days prior to the first day of such Interest Period with respect to all other Agreed Currencies, in the approximate amount of JPMorgan
Chase’s relevant Eurocurrency Loan and having a maturity equal to such Interest Period. 
 “Exchange Rate” means,
on any day, with respect to any Foreign Currency, the rate at which such Foreign Currency may be exchanged into Dollars, as set forth at approximately 11:00 a.m. (Local Time) on such date on the Reuters World Currency Page for such Foreign
Currency. In the event that such rate does not appear on any Reuters World Currency Page, the Exchange Rate with respect to such Foreign Currency shall be determined by reference to such other publicly available service for displaying exchange rates
as may be reasonably selected by the Agent or, in the event no such service is selected, such Exchange Rate shall instead be calculated on the basis of the arithmetical mean of the buy and sell spot rates of exchange of the Agent for such Foreign
Currency on the London market at 11:00 a.m. (Local Time) on such date for the purchase of Dollars with such Foreign Currency, for delivery two Business Days later; provided, that if at the time of any such determination, for any reason,
no such spot rate is being quoted, the Agent, after consultation with the Company, may use any reasonable method it deems appropriate to determine such rate, and such determination shall be conclusive absent manifest error. 

  
 11 

 “Excluded Taxes” means, in the case of each Lender or applicable Lending
Installation and the Agent, (i) taxes imposed on its overall net income, and franchise taxes imposed on it, by (a) the jurisdiction under the laws of which such Lender or the Agent is incorporated or organized or any political combination
or subdivision or taxing authority thereof or (b) the jurisdiction in which the Agent’s or such Lender’s principal executive office or such Lender’s applicable Lending Installation is located, and (ii) any United States
federal withholding taxes imposed by FATCA. 
 “Exhibit” refers to an exhibit to this Agreement, unless another
document is specifically referenced. 
 “Existing Facility LCs” means those Letters of Credit issued and outstanding
as of the Closing Date and set forth on Schedule 1.1.2. 
 “Facility LC” is defined in Section 2.24.1, and shall
include the Existing Facility LCs. 
 “Facility LC Application” is defined in Section 2.24.3. 

“Facility LC Collateral Account” is defined in Section 2.24.11. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement, and any regulations or official
interpretations thereof. 
 “Federal Funds Effective Rate” means, for any day, an interest rate per annum equal to the
weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published for such day (or, if such day is not a Business Day, for the immediately
preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations at approximately 10:00 a.m. (Local Time) on such day on such transactions
received by the Agent from three (3) Federal funds brokers of recognized standing selected by the Agent in its sole discretion. 
 “Fee Letter” means that certain fee letter dated October 18, 2011, among the Agent, JPMorgan Securities LLC and the Company. 

“Financials” means the annual or quarterly financial statements of the Company delivered pursuant to Section 6.1.1 or
6.1.2. 
 “Floating Rate” means, for any day, a rate per annum equal to the sum of (i) the Alternate Base Rate
for such day, changing when and as the Alternate Base Rate changes plus (ii) the then Applicable Margin, changing as and when the Applicable Margin changes. 
 “Floating Rate Advance” means an Advance which, except as otherwise provided in Section 2.12, bears interest at the Floating Rate. 

  
 12 

 “Floating Rate Loan” means a Loan which, except as otherwise provided in
Section 2.12, bears interest at the Floating Rate. 
 “Foreign Currency” means Agreed Currencies other than
Dollars. 
 “Foreign Currency Sublimit” means $150,000,000. 

“Foreign Subsidiary” means (i) any Subsidiary that is not organized under the laws of a jurisdiction located in the United
States of America and (ii) any Subsidiary of a Person described in clause (i) hereof that is organized under the laws of a jurisdiction located in the United States of America. 

“Foreign Subsidiary Investment” means the sum, without duplication, of (i) the aggregate outstanding principal amount of
all intercompany loans made on or after the Closing Date from any Credit Party to any Foreign Subsidiary; (ii) all outstanding Investments made on or after the Closing Date by any Credit Party in any Foreign Subsidiary; and (iii) an amount
equal to the net benefit derived by the Foreign Subsidiaries resulting from any non-arm’s-length transactions, or any other transfer of assets conducted, in each case entered into on or after the Closing Date, between any Credit Party, on the
one hand, and such Foreign Subsidiaries, on the other hand, other than (a) transactions in the ordinary course of business and (b) in respect of legal, accounting, reporting, listing and similar administrative services provided by any
Credit Party to any such Foreign Subsidiary in the ordinary course of business consistent with past practice. 

“Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise
investing in commercial loans and similar extensions of credit in the ordinary course of its business. 
 “Governmental
Authority” means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank) and any group or body
charged with setting financial accounting or regulatory capital rules or standards (including, without limitation, the Financial Accounting Standards Board, the Bank for International Settlements or the Basel Committee on Banking Supervision or any
successor or similar authority to any of the foregoing). 
 “Guarantor” means each of the Company’s Material
Domestic Subsidiaries which become Guarantors in satisfaction of the provisions of Section 6.23, in each case, together with their respective permitted successors and assigns. 

“Guaranty” means the Guaranty, in substantially the form of Exhibit H, entered into by each Guarantor in favor of the Agent for
the benefit of the Holders of Obligations, as the same may be amended, restated, supplemented or otherwise modified from time to time. 
 “Holders of Obligations” means the holders of the Obligations, the Rate Management Obligations and the Banking Services Obligations and shall refer to (i) each Lender in respect of its
Loans, (ii) the LC Issuers in respect of Reimbursement Obligations, (iii) the Agent, the 

  
 13 

 
Lenders, the Swing Line Lender and the LC Issuers in respect of all other present and future obligations and liabilities of the Company or any of its Domestic Subsidiaries of every type and
description arising under or in connection with this Agreement or any other Loan Document, (iv) each Person benefiting from indemnities made by the Company or any Subsidiary hereunder or under other Loan Documents in respect of the obligations
and liabilities of the Company or such Subsidiary to such Person, (v) each Lender (or Affiliate thereof), in respect of all Rate Management Obligations owing to any Person in such Person’s capacity as exchange party or counterparty under
any Rate Management Transaction so long as such Person is (or, at the time such Person entered into such Rate Management Transaction, was) a Lender or an Affiliate of a Lender, (vi) each Lender (or Affiliate thereof), in respect of all Banking
Services Obligations owing to any Person in such Person’s capacity as provider of any Banking Services so long as such Person is (or, at the time such Person entered into such Banking Services Agreement, was) a Lender or an Affiliate of a
Lender and (vii) their respective permitted successors, transferees and assigns. 
 “Indebtedness” of a Person
means, at any time, without duplication, such Person’s (i) obligations for borrowed money, (ii) obligations representing the deferred purchase price of Property or services (other than current accounts payable arising in the ordinary
course of such Person’s business payable on terms customary in the trade), (iii) obligations, whether or not assumed, secured by Liens or payable out of the proceeds or production from Property now or hereafter owned or acquired by such
Person, (iv) obligations which are evidenced by notes, bonds, debentures, acceptances, or other instruments, (v) obligations to purchase securities or other Property arising out of or in connection with the sale of the same or
substantially similar securities or Property, (vi) Capitalized Lease Obligations, (vii) Contingent Obligations of such Person, (viii) reimbursement obligations under letters of credit, bankers’ acceptances, surety bonds and
similar instruments (ix) Off-Balance Sheet Liabilities, (x) obligations under Sale and Leaseback Transactions, (xi) Net Mark-to-Market Exposure under Rate Management Transactions, (xii) Disqualified Stock, and (xiii) any
other obligation for borrowed money or other financial accommodation which in accordance with Agreement Accounting Principles would be shown as a liability on the consolidated balance sheet of such Person. 

“Indemnification Letter” means a written agreement pursuant to which the Borrowers agree to indemnify the Agent and the Lenders
in accordance with Section 3.4 of this Agreement in the event any Eurocurrency Advance is not made on the Closing Date for any reason. 
 “Interest Expense Coverage Ratio” is defined in Section 6.21. 

“Interest Period” means, with respect to a Eurocurrency Advance, a period of one, two, three or six months, or, to the extent
available to all of the Lenders, nine or twelve months, commencing on a Business Day selected by the applicable Borrower pursuant to this Agreement. Such Interest Period shall end on but exclude the day which corresponds numerically to such date
one, two, three or six months, or if applicable nine or twelve months, thereafter, provided, however, that if there is no such numerically corresponding day in such next, second, third, sixth, ninth or twelfth succeeding month, such
Interest Period shall end on the last Business Day of such next, second, third, sixth, ninth or twelfth succeeding month. If an Interest Period would otherwise end on a day which is not a Business Day, such Interest Period shall end on the next
succeeding Business Day, provided, however, that if said next succeeding Business Day falls in a new calendar month, such Interest Period shall end on the immediately preceding Business Day. 

  
 14 

 “Investment” of a Person means any loan, advance (other than commission, travel,
relocation and similar advances to directors, officers and employees made in the ordinary course of business), extension of credit (other than accounts receivable arising in the ordinary course of business on terms customary in the trade) or
contribution of capital by such Person; stocks, bonds, mutual funds, partnership interests, notes, debentures or other securities owned by such Person; any deposit accounts and certificates of deposit owned by such Person; and structured notes,
derivative financial instruments and other similar instruments or contracts owned by such Person. 
 “JPMorgan Chase”
means JPMorgan Chase Bank, N.A., in its individual capacity, and its successors. 
 “LC Draft” means a draft drawn on
an LC Issuer pursuant to a Facility LC. 
 “LC Fee” is defined in Section 2.24.4. 

“LC Issuer” means JPMorgan Chase (or any Subsidiary or Affiliate of JPMorgan Chase designated by JPMorgan Chase) or any of the
other Lenders, as applicable, in its respective capacity as issuer of Facility LCs hereunder. 
 “LC Obligations”
means, at any time, the sum, without duplication, of (i) the aggregate undrawn amount under all Facility LCs outstanding at such time plus (ii) the aggregate unpaid amount at such time of all Reimbursement Obligations. The LC
Obligations of any Lender at any time shall be its Revolving Loan Pro Rata Share of the total LC Obligations at such time. 

“LC Payment Date” is defined in Section 2.24.5. 
 “Lender Parties” means the Agent, the LC Issuer, the Swing Line Lender or any other Lender. 
 “Lenders” means the lending institutions listed on the signature pages of this Agreement and their respective successors and assigns. Unless otherwise specified, the term “Lenders”
includes the Swing Line Lender and the LC Issuers. 
 “Lending Installation” means, with respect to a Lender or the
Agent, the office, branch, subsidiary or affiliate of such Lender or the Agent with respect to each Agreed Currency listed on the signature pages hereof or on the administrative information sheets provided to the Agent in connection herewith or on a
Schedule or otherwise selected by such Lender or the Agent pursuant to Section 2.19. 
 “Letter of Credit” of a
Person means a letter of credit or similar instrument which is issued upon the application of such Person or upon which such Person is an account party or for which such Person is in any way liable. 

  
 15 

 “Leverage Ratio” means, as the end of any of the Company’s fiscal quarters,
the ratio of Consolidated Total Debt as of the end of such fiscal quarter to Consolidated Adjusted EBITDA for the four consecutive fiscal quarters then ended; provided that the Leverage Ratio shall be calculated, with respect to Permitted
Acquisitions, on a pro forma basis using historical financial statements and containing reasonable adjustments satisfactory to the Agent, broken down by fiscal quarter in the Company’s reasonable judgment. 

“Lien” means any lien (statutory or other), mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance or
preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, the interest of a vendor or lessor under any conditional sale, Capitalized Lease or other title retention
agreement, and, in the case of stock, stockholders agreements, voting trust agreements and all similar arrangements). 

“Loan” means, with respect to a Lender, such Lender’s loan made pursuant to Article II (or any conversion or continuation
thereof), whether constituting a Revolving Loan or a Swing Line Loan. 
 “Loan Documents” means this Agreement, each
Assumption Letter, the Facility LC Applications, the Guaranty, and all other documents, instruments, notes (including any Notes issued pursuant to Section 2.15 (if requested)) and agreements executed in connection herewith or therewith or
contemplated hereby or thereby, as the same may be amended, restated or otherwise modified and in effect from time to time. 

“Local Time” means (i) Chicago time in the case of a Revolving Loan or Advance denominated in Dollars and (ii) local
time in the case of a Revolving Loan or Advance denominated in an Agreed Currency (it being understood that such local time shall mean London, England time unless otherwise notified by the Agent or expressly provided herein). 

“Mandatory Cost” is described in the Mandatory Cost Schedule. 

“Material Adverse Effect” means a material adverse effect on (i) the business, Property, condition (financial or
otherwise), operations or results of operations, performance or prospects of the Company and its Subsidiaries taken as a whole, (ii) the ability of the Company or any Subsidiary to perform its obligations under the Loan Documents,
(iii) the validity or enforceability of any of the Loan Documents or (iv) the rights or remedies of the Agent, the LC Issuers or the Lenders under any of the Loan Documents. 

“Material Domestic Subsidiary” means (i) PDSI, Webster, Webster Management, Patterson Medical, Medical Holdings and Dental
Holdings, and (ii) any other Domestic Subsidiary of the Company (other than an SPV) that meets one or both of the following criteria: (i) such Domestic Subsidiary’s total assets, determined on a consolidated basis with its
Subsidiaries is greater than or equal to fifteen percent (15%) of the consolidated total assets of the Company and its Subsidiaries; or (ii) such Domestic Subsidiary’s Consolidated Adjusted Net Income is greater than or equal to
fifteen percent (15%) of the Company’s Consolidated Adjusted Net Income, in each case for the four consecutive fiscal quarters most recently ended. 

  
 16 

 “Material Indebtedness” means any Indebtedness in an outstanding principal amount
of $20,000,000 or more in the aggregate (or the equivalent thereof in any currency other than Dollars). 
 “Material
Indebtedness Agreement” means any agreement under which any Material Indebtedness was created or is governed or which provides for the incurrence of Indebtedness in an amount which would constitute Material Indebtedness (whether or not an
amount of Indebtedness constituting Material Indebtedness is outstanding thereunder). 
 “Medical Holdings” means
Patterson Medical Holdings, Inc., a Delaware corporation. 
 “Modify” and “Modification” are defined in
Section 2.24.1. 
 “Moody’s” means Moody’s Investors Services, Inc. and any successor thereto.

 “Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, which is covered
by Title IV of ERISA and to which the Company or any member of the Controlled Group is obligated to make contributions. 

“National Currency Unit” means the unit of currency (other than a euro unit) of each member state of the European Union that
participates in the third stage of Economic and Monetary Union. 
 “Net Mark-to-Market Exposure” of a Person means, as
of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from Rate Management Transactions. “Unrealized losses” means the fair market value of the cost to such Person of
replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of
replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date). 
 “Non-U.S. Lender” is defined in Section 3.5(iv). 
 “Note”
is defined in Section 2.15. 
 “Obligations” means all Loans, all Reimbursement Obligations, advances, debts,
liabilities, obligations, covenants and duties owing by any Borrower or any Subsidiary to the Agent, any Lender, the Swing Line Lender, any LC Issuer, any Arranger, any affiliate of the Agent, any Lender, the Swing Line Lender, any LC Issuer or any
Arranger, or any indemnitee under the provisions of Section 9.6 or any other provisions of the Loan Documents, in each case of any kind or nature, present or future, arising under this Agreement or any other Loan Document, whether or not
evidenced by any note, guaranty or other instrument, whether or not for the payment of money, whether arising by reason of an extension of credit, loan, foreign exchange risk, guaranty, indemnification, or in any other manner, whether direct or
indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising and however acquired. The term includes, without limitation, all interest, charges, expenses, fees, attorneys’
fees and disbursements, paralegals’ fees (in each case whether or not allowed), and any other sum chargeable to the Company or any Subsidiary under this Agreement or any other Loan Document. 

  
 17 

 “Off-Balance Sheet Liability” of a Person means the principal component of
(i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability under any Sale and Leaseback Transaction which is not a Capitalized Lease, (iii) any
liability under any so-called “synthetic lease” or “tax ownership operating lease” transaction entered into by such Person, (iv) any Receivables Purchase Facility or (v) any obligation arising with respect to any other
transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the consolidated balance sheets of such Person, but excluding from this clause (v) all Operating Leases. 

“Off-Balance Sheet Trigger Event” is defined in Section 7.17. 

“Operating Lease” of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has
an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more. 

“Other Taxes” is defined in Section 3.5(ii). 
 “Outstanding Revolving Credit Exposure” means, as to any Lender at any time, the sum of (i) the aggregate principal amount of its Revolving Loans outstanding at such time, plus
(ii) an amount equal to its ratable obligation to purchase participations in the aggregate principal amount of Swing Line Loans outstanding at such time, plus (iii) an amount equal to its ratable obligation to purchase
participations in the LC Obligations at such time. 
 “Overnight Foreign Currency Rate” means, for any amount payable
in an Agreed Currency other than Dollars, the rate of interest per annum as determined by the Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three Business Days, then for
such other period of time as the Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Agent to major banks in the interbank market upon request of such major banks for the relevant currency as
determined above and in an amount comparable to the unpaid principal amount of the related Advance, Letter of Credit issuance or payment by the LC Issuer pursuant to a Letter of Credit, or any of the foregoing, plus any taxes, levies, imposts,
duties, deductions, fees, assessments, charges or withholdings imposed upon, or charged to, the Agent by any relevant correspondent bank in respect of such amount in such relevant currency. 

“Parent” means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

 “Participant Register” is defined in Section 12.2.3. 

“Participants” is defined in Section 12.2.1. 
 “Patterson Medical” means Patterson Medical Supply, Inc., a Minnesota corporation. 

  
 18 

 “Payment Date” means the last day of each March, June, September and December and
the Revolving Loan Termination Date. 
 “PBGC” means the Pension Benefit Guaranty Corporation, or any successor
thereto. 
 “PDSI” means Patterson Dental Supply, Inc., a Minnesota corporation. 

“Permitted Acquisition” is defined in Section 6.13.5. 

“Permitted Purchase Money Indebtedness” is defined in Section 6.14.5. 

“Person” means any natural person, corporation, firm, joint venture, partnership, limited liability company, association,
enterprise, trust or other entity or organization, or any government or political subdivision or any agency, department or instrumentality thereof. 
 “Plan” means an employee pension benefit plan, excluding any Multiemployer Plan, which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the
Code as to which the Company or any member of the Controlled Group may have any liability. 
 “Pricing Schedule” means
the Schedule identifying the Applicable Margin and Applicable Fee Rate attached hereto and identified as such. 
 “Prime
Rate” means a rate per annum equal to the rate of interest announced from time to time by JPMorgan Chase as its prime rate in effect at its principal office in New York City, changing when and as said prime rate changes. 

“Property” of a Person means any and all property, whether real, personal, tangible, intangible, or mixed, of such Person, or
other assets owned, leased or operated by such Person. 
 “Purchase Price” means the total consideration and other
amounts payable in connection with any Acquisition, including, without limitation, any portion of the consideration payable in cash, all Indebtedness, liabilities and contingent obligations incurred or assumed in connection with such Acquisition and
all transaction costs and expenses incurred in connection with such Acquisition, but exclusive of the value of any capital stock or other equity interests of the Company or any Subsidiary issued as consideration for such Acquisition. 

“Purchasers” is defined in Section 12.3.1. 
 “Rate Management Obligations” of a Person means any and all obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired
(including all renewals, extensions and modifications thereof and substitutions therefor), under (i) any and all Rate Management Transactions, and (ii) any and all cancellations, buy backs, reversals, terminations or assignments of any
Rate Management Transactions. 

  
 19 

 “Rate Management Transaction” means any transaction (including an agreement with
respect thereto) now existing or hereafter entered into by the Company or a Subsidiary which is a rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond
option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar
transaction (including any option with respect to any of these transactions) or any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other financial measures. 

“Receivables Purchase Documents” means each of (i) the Receivables Sale Agreement dated as of May 10, 2002, among the
originators named therein and PDC Funding Company, LLC, as buyer, as amended by Amendment No. 1 thereto, dated as of May 9, 2003, as further amended by Amendment No. 2 thereto, dated as of October 7, 2004, and as further amended
by Amendment No. 3 thereto, dated as of December 3, 2010, and the Third Amended and Restated Receivables Purchase Agreement dated as of December 3, 2010 among PDC Funding Company, LLC, the Company, the Conduits party thereto, the
Financial Institutions party thereto, the Purchase Agents party thereto and The Bank of Tokyo-Mitsubishi UFJ, Ltd. New York Branch, as agent, as such agreements may be amended, restated, extended or otherwise modified from time to time,
(ii) the Amended and Restated Contract Purchase Agreement, dated as of August 12, 2011 among the Company, PDC Funding Company II, LLC, the Purchasers party thereto and Fifth Third Bank, as agent, as amended by that First Amendment thereto
dated as of September 9, 2011, and the Amended and Restated Receivables Sale Agreement dated as of August 12, 2011 among the Originators named therein and PDC Funding Company II, LLC, as buyer, as such agreements may be amended, restated,
extended or otherwise modified from time to time, and (iii) any comparable additional or replacement facility made available to the Company or any Subsidiary, provided that any of such facilities: (a) provides for the sale by the Company
or such Subsidiary of rights to payment arising under Customer Installment Contracts; (b) provides for a purchase price in an amount that represents the reasonably equivalent value of the assets subject thereto (determined as of the date of
such sale); (c) evidences the intent of the parties that for accounting and all other purposes, such sale is to be treated as a sale by the Company or a Subsidiary, as the case may be, and a purchase by such institution(s) or special purpose
entity (and not as a lending transaction); (d) provides for the delivery of opinions of outside counsel to the effect that, under, applicable bankruptcy, insolvency and similar laws (subject to assumptions and qualifications customary for
opinions of such type), such transaction will be treated as a true sale and not as a lending transaction and that the assets of any purchasing special purpose entity will not be consolidated with the assets of the selling entity, the Company or any
Affiliate of the Company; (e) provides for the parties to such transaction to, and such parties do, treat such transaction as a sale for all other accounting purposes; and (f) provides that such sale is without recourse to the Company or
such Subsidiary, except to the extent of normal and customary conditions and rights of limited recourse that are consistent with the opinions referred to in clause (d) and with the treatment of such sale as a true sale for accounting purposes.

 “Receivables Purchase Facility” means (i) the transactions contemplated by the Receivables Purchase Documents
and (ii) other sales (including licenses), with limited recourse, or no recourse, by PDSI, Webster, Webster Management, Patterson Medical, or Medical Holdings of Accounts derived from sales on contract of furnishings and equipment (but not,
however, (a) open account sales of supplies or (b) Accounts derived from provisions of services). 

  
 20 

 “Register” is defined in Section 12.3.4. 

“Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System as from time to time in effect and
any successor thereto or other regulation or official interpretation of said Board of Governors relating to reserve requirements applicable to member banks of the Federal Reserve System. 

“Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System as from time to time in effect and
any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by banks, non-banks and non-broker lenders for the purpose of purchasing or carrying margin stocks applicable to member banks
of the Federal Reserve System. 
 “Regulation X” means Regulation X of the Board of Governors of the Federal Reserve
System as from time to time in effect and any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by foreign lenders for the purpose of purchasing or carrying margin stock (as
defined therein). 
 “Reimbursement Obligations” means, at any time, with respect to any LC Issuer, the aggregate of
all obligations of the Borrowers then outstanding under Section 2.24 to reimburse such LC Issuer for amounts paid by such LC Issuer in respect of any one or more drawings under Facility LCs issued by such LC Issuer; or, as the context may
require, all such Reimbursement Obligations then outstanding to reimburse all of the LC Issuers. 
 “Reportable Event”
means a reportable event as defined in Section 4043 of ERISA and the regulations issued under such section, with respect to a Plan subject to Title IV of ERISA, excluding, however, such events as to which the PBGC has by regulation waived the
requirement of Section 4043(a) or (b) of ERISA that it be notified within 30 days of the occurrence of such event, provided, however, that a failure to meet the minimum funding standard of Section 412 of the Code and of
Section 302 of ERISA shall be a Reportable Event regardless of the issuance of any such waiver of the notice requirement in accordance with either Section 4043(a) or (b) of ERISA or Section 412(d) of the Code. 

“Required Lenders” means, at any date, Lenders in the aggregate holding more than 50% of the sum of the Aggregate Revolving
Loan Commitment plus the aggregate principal amount of all Term Loans, if any, or, if the Aggregate Revolving Loan Commitment has been terminated, Lenders in the aggregate holding more than 50% of the sum of the Aggregate Outstanding Revolving
Credit Exposure plus the aggregate principal amount of all Term Loans, if any. 
 “Reserve Requirement” means, with
respect to an Interest Period, the maximum aggregate reserve requirement (including all basic, supplemental, marginal and other reserves) which is imposed under Regulation D on “Eurocurrency liabilities” (as defined in Regulation D).

 “Revolving Loan” means, with respect to a Lender, such Lender’s loan made pursuant to its commitment to lend
set forth in Section 2.2 (and any conversion or continuation thereof). 

  
 21 

 “Revolving Loan Commitment” means, for each Lender, including without limitation,
each LC Issuer, such Lender’s obligation to make Revolving Loans to, and participate in Facility LCs issued upon the application of, the Borrowers in an aggregate amount not exceeding the amount set forth for such Lender on the Commitment
Schedule or in any Assignment Agreement delivered pursuant to Section 12.3, as such amount may be modified from time to time pursuant to the terms hereof. 
 “Revolving Loan Pro Rata Share” means, with respect to any Lender, the percentage obtained by dividing (i) such Lender’s Revolving Loan Commitment such time by (ii) the Aggregate
Revolving Loan Commitment at such time; provided, however, that if the Aggregate Revolving Loan Commitment has been terminated pursuant to the terms of this Agreement, then “Revolving Loan Pro Rata Share” means the percentage obtained by
dividing (a) such Lender’s Outstanding Revolving Credit Exposure at such time by (b) the Aggregate Outstanding Revolving Credit Exposure at such time; provided, further, that in the case of Section 2.26 when
a Defaulting Lender shall exist, “Revolving Loan Pro Rata Share” shall mean the percentage of the total Revolving Loan Commitment (disregarding any Defaulting Lender’s Revolving Loan Commitment) represented by such Lender’s
Revolving Loan Commitment. If the Aggregate Revolving Loan Commitment has terminated or expired, the Revolving Loan Pro Rata Shares shall be determined based upon the Revolving Loan Commitments most recently in effect, giving effect to any
assignments and to any Lender’s status as a Defaulting Lender at the time of determination. 
 “Revolving Loan
Termination Date” means the earlier of (i) December 1, 2016, and (ii) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.5.2 hereof or the Revolving Loan Commitments pursuant to
Section 8.1 hereof. 
 “Risk-Based Capital Guidelines” is defined in Section 3.2. 

“S&P” means Standard and Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business,
and any successor thereto. 
 “Sale and Leaseback Transaction” means any sale or other transfer of Property by any
Person with the intent to lease such Property as lessee. 
 “Schedule” refers to a specific schedule to this
Agreement, unless another document is specifically referenced. 
 “SEC” means the United States Securities and
Exchange Commission, and any successor thereto. 
 “Section” means a numbered section of this Agreement, unless
another document is specifically referenced. 
 “Single Employer Plan” means a Plan maintained by the Company or any
member of the Controlled Group for employees of the Company or any member of the Controlled Group. 

  
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 “Solvent” means, when used with respect to any Person, that at the time of determination:

  

	 	(i)	the fair value of its assets (both at fair valuation and at present fair saleable value) is equal to or in excess of the total amount of its liabilities, including,
without limitation, contingent liabilities; and 

  

	 	(ii)	it is then able and expects to be able to pay its debts as they mature; and 

 

	 	(iii)	it has capital sufficient to carry on its business as conducted and as proposed to be conducted. 

With respect to contingent liabilities (such as litigation, guarantees and pension plan liabilities), such liabilities shall be computed
at the amount which, in light of all the facts and circumstances existing at the time, represent the amount which can reasonably be expected to become an actual or matured liability. 

“SPV” means any special purpose entity established for the purpose of purchasing receivables in connection with a receivables
securitization transaction permitted under the terms of this Agreement. 
 “Statutory Reserve Rate” means, with
respect to any currency, a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve, liquid asset, fees or similar requirements (including
any marginal, special, emergency or supplemental reserves or other requirements) established by any central bank, monetary authority, the Board of Governors of the Federal Reserve System, the Financial Services Authority, the European Central Bank
or other Governmental Authority for any category of deposits or liabilities customarily used to fund loans in such currency, expressed in the case of each such requirement as a decimal. Such reserve percentages shall, in the case of Dollar
denominated Loans, include those imposed pursuant to Regulation D. Eurocurrency Loans shall be deemed to be subject to such reserve, liquid asset or similar requirements without benefit of or credit for proration, exemptions or offsets that may
be available from time to time to any Lender under any applicable law, rule or regulation, including Regulation D. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve, liquid asset
or similar requirement. 
 “Subordinated Indebtedness” of a Person means any Indebtedness of such Person the payment
of which is subordinated to payment of the Obligations to the written satisfaction of the Required Lenders. 

“Subsidiary” of a Person means (i) any corporation more than 50% of the outstanding securities having ordinary voting
power of which shall at the time be owned or controlled, directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries, or (ii) any partnership, limited liability company,
association, joint venture or similar business organization more than 50% of the ownership interests having ordinary voting power of which shall at the time be so owned or controlled. Unless otherwise expressly provided, all references herein to a
“Subsidiary” shall mean a Subsidiary of the Company. 

  
 23 

 “Subsidiary Borrower” means each of the Company’s Domestic Subsidiaries that
are Wholly-Owned Subsidiaries listed on the signature pages of this Agreement, and any other Domestic Subsidiary that is a Wholly-Owned Subsidiary of the Company duly designated by the Company pursuant to Section 2.25 to request Credit
Extensions hereunder, which Domestic Subsidiary shall have delivered to the Agent an Assumption Letter in accordance with Section 2.25 and such other documents as may be required pursuant to this Agreement, in each case, together with its
permitted successors and assigns, including a debtor-in-possession on behalf of such Subsidiary Borrower. The initial Subsidiary Borrowers are Medical Holdings, Patterson Medical, Dental Holdings, PDSI, Webster and Webster Management. 

“Substantial Portion” means, with respect to the Property of the Company and its Subsidiaries, Property which represents more
than 10% of the consolidated assets of the Company and its Subsidiaries or property which is responsible for more than 10% of the consolidated net sales or of the Consolidated Net Income of the Company and its Subsidiaries, in each case, as would be
shown in the consolidated financial statements of the Company and its Subsidiaries as at the end of the four fiscal quarter period ending with the fiscal quarter immediately prior to the fiscal quarter in which such determination is made (or if
financial statements have not been delivered hereunder for that fiscal quarter which ends the four fiscal quarter period, then the financial statements delivered hereunder for the quarter ending immediately prior to that quarter). 

“Swing Line Borrowing Notice” is defined in Section 2.3.2. 

“Swing Line Commitment” means the obligation of the Swing Line Lender to make Swing Line Loans up to a maximum principal amount
of $30,000,000 at any one time outstanding. 
 “Swing Line Exposure” means, at any time, the aggregate principal
amount of all Swing Line Loans outstanding at such time. The Swing Line Exposure of any Lender shall be its Revolving Loan Pro Rata Share of the total Swing Line Exposure at such time. 

“Swing Line Lender” means JPMorgan Chase or such other Lender which may succeed to its rights and obligations as Swing Line
Lender pursuant to the terms of this Agreement. 
 “Swing Line Loan” means a Loan made available to the Company by the
Swing Line Lender pursuant to Section 2.3. 
 “Swing Line Obligations” means, at any time, the aggregate
principal amount of all Swing Line Loans outstanding at such time. The Swing Line Obligations of any Lender at any time shall be its Revolving Loan Pro Rata Share of the total Swing Line Obligations at such time. 

“Taxes” means any and all present or future taxes, duties, levies, imposts, deductions, fees, assessments, charges or
withholdings, and any and all liabilities with respect to the foregoing, but excluding Excluded Taxes and Other Taxes. 

“Term Loans” is defined in Section 2.5.3. 
 “Thompson Note” means that certain Promissory Note dated April 1, 2002 payable by GreatBanc Trust Company, solely in its capacity as trustee of the Thompson Dental Company Employee Stock
Ownership Plan and Trust, to the order of Thompson Dental Company, in the original principal amount of $12,611,503.67. 

  
 24 

 “Transferee” is defined in Section 12.4. 

“Type” means, with respect to any Advance, its nature as a Floating Rate Advance or a Eurocurrency Advance and with respect to
any Loan, its nature as a Floating Rate Loan or a Eurocurrency Loan. 
 “Unfunded Liabilities” means the amount (if
any) by which the present value of all vested and unvested accrued benefits under each Single Employer Plan subject to Title IV of ERISA exceeds the fair market value of all such Plan’s assets allocable to such benefits, all determined as of
the then most recent valuation date for such Plan for which a valuation report is available, using PBGC actuarial assumptions for single employer plan terminations. 
 “Unmatured Default” means an event which but for the lapse of time or the giving of notice, or both, would constitute a Default. 

“Webster” means Webster Veterinary Supply, Inc., a Minnesota corporation. 

“Webster Management” means Webster Management, LP, a Minnesota limited partnership. 

“Weighted Average Life to Maturity” means when applied to any Indebtedness at any date, the number of years obtained by
dividing (i) the sum of the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required scheduled payments of principal, including payment at final maturity, in
respect thereof, by (b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment, by (ii) the then outstanding principal amount of such Indebtedness. 

“Wholly-Owned Subsidiary” of a Person means (i) any Subsidiary all of the outstanding voting securities (other than
directors’ qualifying shares) of which shall at the time be owned or controlled, directly or indirectly, 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, or (ii) any partnership, limited liability company, association, joint venture or similar business organization 100% of the ownership interests having ordinary voting power of which shall at the time be so owned or controlled.

 1.2. Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the
terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the
phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. The word “law” shall be construed as referring to all statutes, rules, regulations,
codes and other laws (including official rulings and interpretations thereunder having the force of law or with which affected Persons customarily comply), and all judgments, orders and decrees, of all Governmental Authorities. Unless the context
requires otherwise (a) any definition of or 

  
 25 

 
reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated,
supplemented or otherwise modified (subject to any restrictions on such amendments, restatements, supplements or modifications set forth herein), (b) any definition of or reference to any statute, rule or regulation shall be construed as
referring thereto as from time to time amended, supplemented or otherwise modified (including by succession of comparable successor laws), (c) any reference herein to any Person shall be construed to include such Person’s successors and
assigns (subject to any restrictions on assignment set forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof, (d) the words “herein”,
“hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (e) all references herein to Articles, Sections, Exhibits and
Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (f) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to
any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 
 1.3.
Financial Covenant Calculations. Financial covenants shall be calculated (a) without giving effect to any election under Accounting Standards Codification 825-10-25 (or any other Accounting Standards Codification or Financial Accounting
Standard having a similar result or effect) to value any indebtedness or other liabilities of the Company or any subsidiary at “fair value”, as defined therein and (b) without giving effect to any treatment of indebtedness in respect
of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such indebtedness in a reduced or
bifurcated manner as described therein, and such indebtedness shall at all times be valued at the full stated principal amount thereof. 
 ARTICLE II 
 THE CREDITS 

2.1. [RESERVED]. 
 2.2. Revolving Loans. From and including the Closing Date and prior to the Revolving Loan Termination Date, upon the satisfaction of the conditions precedent set forth in Sections 4.1, 4.2 and 4.3,
as applicable, each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to (i) make Revolving Loans to the Borrowers in Agreed Currencies from time to time and (ii) participate in Facility LCs
issued upon the request of the Borrowers, in each case in Dollar Amounts not to exceed in the aggregate such Lender’s Revolving Loan Pro Rata Share of the Available Aggregate Revolving Loan Commitment; provided that (i) at no time
shall the Aggregate Outstanding Revolving Credit Exposure hereunder exceed the Aggregate Revolving Loan Commitment, (ii) all Floating Rate Loans shall be made in Dollars, and (iii) at no time shall the aggregate outstanding Dollar Amount
of all Revolving Loans denominated in Foreign Currencies exceed the Foreign Currency Sublimit. Unless the Borrowers have delivered to the Agent an Indemnification Letter on or before the third (3rd) Business Day prior to the Closing Date with
respect to all Revolving Loans 

  
 26 

 
requested to be made as Eurocurrency Advances on the Closing Date or on or before the third (3rd) Business Day thereafter, the Revolving Loans made on the Closing Date or on or before the
third (3rd) Business Day thereafter shall initially be Floating Rate Loans and thereafter may be continued as Floating Rate Loans or converted into Eurocurrency Loans in the manner provided in Section 2.8 and subject to the other
conditions and limitations therein set forth and set forth in this Article II and set forth in the definition of Interest Period. Revolving Loans made after the third (3rd) Business Day after the Closing Date shall be, at the option of the
applicable Borrower, selected in accordance with Section 2.8, either Floating Rate Loans or Eurocurrency Loans. Each Advance under this Section 2.2 shall consist of Revolving Loans made by each Lender ratably in proportion to such
Lender’s respective Revolving Loan Pro Rata Share. The LC Issuers will issue Facility LCs hereunder on the terms and conditions set forth in Section 2.24. Subject to the terms of this Agreement, the Borrowers may borrow, repay and reborrow
Revolving Loans at any time prior to the Revolving Loan Termination Date. On the Revolving Loan Termination Date, the commitment of each Lender to lend hereunder shall automatically expire and the Borrowers shall repay in full the outstanding
principal balance of the Revolving Loans. Additionally, the Borrowers shall make the mandatory prepayments prescribed in Section 2.4. 
 2.3. Swing Line Loans. 
 2.3.1 Amount of Swing Line
Loans. Upon the satisfaction of the conditions precedent set forth in Section 4.1 and Section 4.2, if applicable, from and including the Closing Date and prior to the Revolving Loan Termination Date, the Swing Line Lender agrees, on
the terms and conditions set forth in this Agreement, to make Swing Line Loans, in Dollars, to the Company from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided that (i) the Aggregate
Outstanding Revolving Credit Exposure shall not at any time exceed the Aggregate Revolving Loan Commitment, and (ii) at no time shall the sum of (a) the Swing Line Loans then outstanding, plus (b) the outstanding Revolving
Loans made by the Swing Line Lender pursuant to Section 2.2 (including its participation in any Facility LCs), exceed the Swing Line Lender’s Revolving Loan Commitment at such time. Subject to the terms of this Agreement, the Company may
borrow, repay and reborrow Swing Line Loans at any time prior to the Revolving Loan Termination Date. 
 2.3.2
Borrowing Notice. The Company shall deliver to the Agent and the Swing Line Lender irrevocable notice (a “Swing Line Borrowing Notice”) not later than 12:00 noon (Chicago time) on the Borrowing Date of each Swing Line Loan,
specifying (i) the applicable Borrowing Date (which date shall be a Business Day and which may be the same day as the date the Swing Line Borrowing Notice was given), and (ii) the aggregate amount of the requested Swing Line Loan which
shall be an amount not less than $100,000 (and increments of $100,000 if in excess thereof). The Swing Line Loans shall bear interest at the Floating Rate or such other rate per annum as shall be agreed to by the Swing Line Lender and the Company.

  
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 2.3.3 Making of Swing Line Loans. Promptly after receipt of a Swing
Line Borrowing Notice, the Agent shall notify each Lender by fax or other similar form of transmission, of the requested Swing Line Loan. Not later than 2:00 p.m. (Chicago time) on the applicable Borrowing Date, the Swing Line Lender shall make
available the Swing Line Loan, in funds immediately available in Chicago, to the Agent at its address specified pursuant to Article XIII. The Agent will promptly make the funds so received from the Swing Line Lender available to the Company on the
Borrowing Date at the Agent’s aforesaid address. 
 2.3.4 Repayment of Swing Line Loans. Each Swing
Line Loan shall be paid in full by the Company on or before the fifth (5th) Business Day after the Borrowing Date for such Swing Line Loan. In addition, the Swing Line Lender (i) may at any time in its sole discretion with respect to any
outstanding Swing Line Loan, or (ii) shall, on the fifth (5th) Business Day after the Borrowing Date of any Swing Line Loan, require each Lender (including the Swing Line Lender) to make a Revolving Loan in the amount of such Lender’s
Revolving Loan Pro Rata Share of such Swing Line Loan (including, without limitation, any interest accrued and unpaid thereon), for the purpose of repaying such Swing Line Loan. Not later than 12:00 noon (Chicago time) on the date of any notice
received pursuant to this Section 2.3.4, each Lender shall make available its required Revolving Loan, in funds immediately available in Chicago to the Agent at its address specified pursuant to Article XIII. Revolving Loans made pursuant to
this Section 2.3.4 shall initially be Floating Rate Loans and thereafter may be continued as Floating Rate Loans or converted into Eurocurrency Loans in the manner provided in Section 2.9 and subject to the other conditions and limitations
set forth in this Article II. Unless a Lender shall have notified the Swing Line Lender, prior to its making any Swing Line Loan, that any applicable condition precedent set forth in Sections 4.1 or 4.2 had not then been satisfied, such
Lender’s obligation to make Revolving Loans pursuant to this Section 2.3.4 to repay Swing Line Loans shall be unconditional, continuing, irrevocable and absolute and shall not be affected by any circumstances, including, without
limitation, (a) any set-off, counterclaim, recoupment, defense or other right which such Lender may have against the Agent, the Swing Line Lender or any other Person, (b) the occurrence or continuance of a Default or Unmatured Default,
(c) any adverse change in the condition (financial or otherwise) of the Company, or (d) any other circumstances, happening or event whatsoever. In the event that any 

  
 28 

 
Lender fails to make payment to the Agent of any amount due under this Section 2.3.4, the Agent shall be entitled to receive, retain and apply against such obligation the principal and
interest otherwise payable to such Lender hereunder until the Agent receives such payment from such Lender or such obligation is otherwise fully satisfied. In addition to the foregoing, if for any reason any Lender fails to make payment to the Agent
of any amount due under this Section 2.3.4, such Lender shall be deemed, at the option of the Agent, to have unconditionally and irrevocably purchased from the Swing Line Lender, without recourse or warranty, an undivided interest and
participation in the applicable Swing Line Loan in the amount of such Revolving Loan, and such interest and participation may be recovered from such Lender together with interest thereon at the Federal Funds Effective Rate for each day during the
period commencing on the date of demand and ending on the date such amount is received. On the Revolving Loan Termination Date, the Company shall repay in full the outstanding principal balance of the Swing Line Loans. 

2.4. Determination of Dollar Amounts; Required Payments; Termination. 

2.4.1 Determination of Dollar Amounts. The Agent will determine the Dollar Amount of (a) each Eurocurrency
Advance as of the date two (2) Business Days prior to the applicable Borrowing Date or, if applicable, the date of conversion/continuation of any Advance as a Eurocurrency Advance, (b) the LC Obligations as of the date of each request for
the issuance or Modification of any Facility LC, and (c) all outstanding Credit Extensions on and as of the last Business Day of each calendar quarter and, during the continuation of a Default, on any other Business Day elected by the Agent in
its discretion or upon instruction by the Required Lenders. Each day upon or as of which the Agent determines Dollar Amounts as described in the preceding clauses (a), (b) and (c) is herein described as a “Computation Date”
with respect to each Credit Extension for which a Dollar Amount is determined on or as of such date. 
 2.4.2
Required Payments; Terminations. Any outstanding Revolving Loans shall be paid in full by the Borrowers on the Revolving Loan Termination Date and all other unpaid Obligations shall be paid in full by the Borrowers on the Revolving Loan
Termination Date. Notwithstanding the termination of the Revolving Loan Commitments under this Agreement on the Revolving Loan Termination Date, until all of the Obligations (other than contingent indemnity obligations) shall have been fully paid
and satisfied and all financing arrangements among the Borrowers and the Lenders hereunder and under the other Loan Documents shall have been terminated, all of the rights and remedies under this Agreement and the other Loan Documents shall survive.

  
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 2.4.3 Mandatory Prepayments of Aggregated Outstanding Revolving Credit
Exposure. If at any time and for any reason, the amount of the Aggregate Outstanding Revolving Credit Exposure is greater than the Aggregate Revolving Loan Commitment, the Borrowers shall immediately make a mandatory prepayment of the Aggregate
Outstanding Revolving Credit Exposure in an amount equal to such excess; provided that if such excess is caused by fluctuations in Exchange Rates, (a) no such prepayment will be required to the extent such Aggregate Outstanding Revolving
Credit Exposure in Foreign Currencies is not more than 105% of the Foreign Currency Sublimit or to the extent the Aggregate Outstanding Revolving Credit Exposure is not more than 105% of the Aggregate Revolving Loan Commitment thereunder and
(b) such excess will be calculated as of (i) the last Business Day of each calendar quarter, (ii) any other Business Day at the Agent’s sole discretion during the continuation of a Default and (iii) each date of a Borrowing
Request, Conversion/Continuation Notice and each request for the issuance or Modification of any Facility LC. 

2.4.4 Mandatory Prepayments of Eurocurrency Advances. Mandatory prepayments of Eurocurrency Advances shall be
accompanied by (i) accrued and unpaid interest thereon and (ii) funding indemnification amounts pursuant to Section 3.4. 
 2.5. Commitment Fee; Aggregate Revolving Loan Commitment; Term Loans. 
 2.5.1 The Commitment Fee. The Company shall pay to the Agent, for the account of the Lenders in accordance with their Revolving Loan Pro Rata Shares, from and after the Closing Date until the date
on which the Aggregate Revolving Loan Commitment shall be terminated in whole, a commitment fee (the “Commitment Fee”) accruing at the rate of the then Applicable Fee Rate on the daily average Available Aggregate Revolving Loan Commitment
(provided that, for purposes of determining the Commitment Fee, all outstanding Swing Line Loans shall be excluded from the calculation of the Available Aggregate Revolving Loan Commitment). All such Commitment Fees payable hereunder shall be
payable quarterly in arrears on each Payment Date; provided, that if any Lender continues to have Outstanding Revolving Credit Exposure after the termination of its Revolving Loan Commitment, then the Commitment Fee shall continue to accrue
and be due and payable pursuant to the terms hereof until such Outstanding Revolving Credit Exposure is reduced to zero. 

  
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 2.5.2 Reductions in Aggregate Revolving Loan Commitment. The
Borrowers may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part, ratably among the Lenders in a minimum amount of $5,000,000 (and in multiples of $1,000,000 if in excess thereof) (or the Approximate Equivalent Amount if
denominated in an Agreed Currency other than Dollars), upon at least three (3) Business Days’ prior written notice to the Agent, which notice shall specify the amount of any such reduction, provided, however, that the amount
of the Aggregate Revolving Loan Commitment may not be reduced below the Dollar Amount of the Aggregate Outstanding Revolving Credit Exposure. All accrued Commitment Fees shall be payable on the effective date of any termination of the Revolving Loan
Commitments hereunder and on the final date upon which all Revolving Loans are repaid. For purposes of calculating the Commitment Fee hereunder, the principal amount of each Advance made in an Agreed Currency other than Dollars shall be at any time
the Dollar Amount of such Advance as determined on the most recent Computation Date with respect to such Advance. 
 2.5.3 Increase in Aggregate Revolving Loan Commitment; Term Loans. Subject to Section 2.5.1 and 2.5.2 and the other terms and conditions of this Agreement, at any time prior to the Revolving
Loan Termination Date, the Borrowers may, on the terms set forth below, request that (a) the initial Aggregate Revolving Loan Commitment hereunder be increased by an amount up to $150,000,000 and/or (b) term loans be issued hereunder (such
term loans being “Term Loans”) on terms and conditions (including, without limitation, pricing, amortization, prepayment and related interest rate hedging) reasonably acceptable to the Agent in an aggregate principal amount up to
$150,000,000; provided, however, that (i) no such increase shall cause the sum of the Aggregate Revolving Loan Commitment plus any Term Loans issued hereunder to exceed (x) $450,000,000 minus (y) any reduction in
Aggregate Revolving Loan Commitments under Section 2.5.2, (ii) an increase in the Aggregate Revolving Loan Commitment or issuance of Term Loans hereunder may only be made at a time when no Default or Unmatured Default shall have occurred
and be continuing or would result therefrom, (iii) no Lender’s Revolving Loan Commitment shall be increased, nor shall any Lender have any commitment to make any Term Loan, under this Section 2.5.3 without its consent and (iv) no
Term Loan shall mature earlier than Revolving Loan Termination Date (but may have amortization prior to such date). In the event of such a requested increase in the Aggregate Revolving Loan Commitment or issuance of Term Loans, any financial
institution which the Borrowers and the Agent invite to become a Lender or to increase its Revolving Loan Commitment or to issue such Term 

  
 31 

 
Loans may set the amount of its Revolving Loan Commitment or Term Loan, as applicable, at a level agreed to by the Borrowers and the Agent (and the LC Issuers in the case of any increase in the
Aggregate Revolving Loan Commitment). In the event that the Borrowers, the Agent and one or more of the Lenders (or other financial institutions) (and the LC Issuers in the case of any increase in the Aggregate Revolving Loan Commitment) shall agree
upon such an increase in the Aggregate Revolving Loan Commitment and/or issuance of Term Loans (i) the Borrowers, the Agent and each Lender or other financial institution increasing its Revolving Loan Commitment or extending a new Revolving
Loan Commitment or Term Loan (and the LC Issuers in the case of any increase in the Aggregate Revolving Loan Commitment) shall enter into an amendment to this Agreement setting forth the amounts of the Revolving Loan Commitments and Term Loans, as
applicable, as so increased, providing that the financial institutions extending new Revolving Loan Commitments or Term Loans shall be Lenders for all purposes under this Agreement, and setting forth such additional provisions as the Agent shall
consider reasonably appropriate and (ii) the Borrowers shall execute, if requested, a new Note to each financial institution that is extending a new Revolving Loan Commitment or Term Loan or increasing its Revolving Loan Commitment. No such
amendment shall require the approval or consent of any Lender whose Revolving Loan Commitment is not being increased and that is not making a Term Loan. Upon the execution and delivery of such amendment as provided above, and upon satisfaction of
such other conditions as the Agent may reasonably specify upon the request of the financial institutions that are extending new Revolving Loan Commitments and/or making Term Loans (including, without limitation, the Agent administering the
reallocation of any outstanding Revolving Loans ratably among the Lenders with Revolving Loan Commitments after giving effect to each such increase in the Aggregate Revolving Loan Commitment, and the delivery of certificates, evidence of corporate
authority and legal opinions on behalf of the Borrowers), this Agreement shall be deemed to be amended accordingly. No Borrower, nor any Affiliate or Subsidiary of any Borrower, shall be permitted to become a Lender pursuant to this
Section 2.5.3. 
 2.6. Minimum Amount of Each Advance. Each Eurocurrency Advance shall be in the minimum amount of
$1,000,000 (and in multiples of $100,000 if in excess thereof)(or the Approximate Equivalent Amounts if denominated in an Agreed Currency other than Dollars), and each Floating Rate Advance (other than a Swing Line Loan or an Advance to repay Swing
Line Loans) shall be in the minimum amount of $1,000,000 (and in multiples of $100,000 if in excess thereof), provided, however, that any Floating Rate Advance may be in the amount of the Available Aggregate Revolving Loan
Commitment. 

  
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 2.7. Optional Principal Payments. The Borrowers may from time to time pay, without
penalty or premium, all outstanding Floating Rate Advances (other than Swing Line Loans), or any portion of the outstanding Floating Rate Advances (other than Swing Line Loans), in a minimum aggregate amount of $1,000,000 or any integral multiple of
$1,000,000 in excess thereof, upon one (1) Business Day’s prior notice to the Agent by 11:00 a.m. (Local Time) on the date of any anticipated repayment. The Company may at any time pay, without penalty or premium, all outstanding Swing
Line Loans, or, in a minimum amount of $100,000 and increments of $100,000 in excess thereof, any portion of the outstanding Swing Line Loans, with notice to the Agent and the Swing Line Lender by 11:00 a.m. (Chicago time) on the date of repayment.
The Borrowers may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurocurrency Advances, or, in a minimum aggregate amount of
$1,000,000 or any integral multiple of $1,000,000 in excess thereof (or the Approximate Equivalent Amount if denominated in an Agreed Currency other than Dollars), any portion of the outstanding Eurocurrency Advances upon three (3) Business
Days’ prior notice to the Agent for each Eurocurrency Advance denominated in Dollars and four (4) Business Days prior notice to the Agent for each Eurocurrency Advance denominated in an Agreed Currency other than Dollars. Prepayments shall
be accompanied by accrued and unpaid interest thereon. 
 2.8. Method of Selecting Types and Interest Periods for New
Advances. The applicable Borrower shall select the Type of Advance and, in the case of each Eurocurrency Advance, the Interest Period and Agreed Currency applicable thereto from time to time; provided that there shall be no more than 10
Interest Periods in effect with respect to all of the Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The applicable Borrower shall give the Agent irrevocable written notice (a “Borrowing Notice”)
not later than 11:00 a.m. (Local Time) on the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan), three (3) Business Days before the Borrowing Date for each Eurocurrency Advance denominated in Dollars and four
(4) Business Days before the Borrowing Date for each Eurocurrency Advance denominated in an Agreed Currency other than Dollars, specifying: 
 (a) the Borrowing Date, which shall be a Business Day, of such Advance, 
 (b) the
aggregate amount of such Advance, 
 (c) the Type of Advance selected, 

(d) in the case of each Eurocurrency Advance, the Interest Period and Agreed Currency applicable thereto, and 

(e) the payment instructions for the account of such Borrower to which such Advance shall be credited. 

The Borrowers may not select an Interest Period that ends after the Revolving Loan Termination Date. 

2.9. Conversion and Continuation of Outstanding Advances; No Conversion or Continuation of Eurocurrency Advances After Default.
Floating Rate Advances (other than Swing Line Advances) shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurocurrency Advances pursuant to this Section 2.9 or are repaid in accordance with
Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time: 

  
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 2.9.1 each such Eurocurrency Advance denominated in Dollars shall be
automatically converted into a Floating Rate Advance unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (y) the applicable Borrower shall have given the Agent a Conversion/Continuation Notice (as
defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance either continue as a Eurocurrency Advance for the same or another Interest Period or be converted into a Floating Rate Advance; and 

2.9.2 each such Eurocurrency Advance denominated in an Agreed Currency other than Dollars shall be automatically converted
into a Eurocurrency Advance in the same Agreed Currency with an Interest Period of one month unless (x) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (y) the applicable Borrower shall have given the
Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. 

Subject to the terms of Section 2.6 and the payment of any funding indemnification amounts required by Section 3.4, the applicable Borrower may
elect from time to time to convert all or any part of an Advance of any Type (other than a Swing Line Advance) into any other Type or Types of Advances denominated in the same or any other Agreed Currency; provided that any conversion of any
Eurocurrency Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. Notwithstanding anything to the contrary contained in this Section 2.9 during the continuance of a Default or an Unmatured Default, the
Agent may (or shall at the direction of the Required Lenders), by notice to the Borrowers, declare that no Advance may be made as, converted to or, following the expiration of any Interest Periods then in effect, continued as a Eurocurrency Advance.
The applicable Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance or continuation of a Eurocurrency Advance not later than 12:00 noon (Local Time) on the same Business
Day, in the case of a conversion into a Floating Rate Advance, three (3) Business Days, in the case of a conversion into or continuation of a Eurocurrency Advance denominated in Dollars, or four (4) Business Days, in the case of a
conversion into or continuation of a Eurocurrency Advance denominated in an Agreed Currency other than Dollars, prior to the date of the requested conversion or continuation, specifying: 

 

	 	(i)	the requested date, which shall be a Business Day, of such conversion or continuation, and 

  
 34 

	 	(ii)	the Agreed Currency, amount and Type(s) of Advance(s) into which such Advance is to be converted or continued and, in the case of a conversion into or continuation of a
Eurocurrency Advance, the duration of the Interest Period applicable thereto. 

 2.10. Method of Borrowing.
On each Borrowing Date, each Lender shall make available its Loan or Loans, if any, (i) if such Loan is denominated in Dollars, not later than 12:00 noon (Chicago time), in Federal or other funds immediately available to the Agent, in Chicago,
Illinois at its address specified in or pursuant to Article XIII and, (ii) if such Loan is denominated in an Agreed Currency other than Dollars, not later than 12:00 noon (Local Time) in the city of the Agent’s Eurocurrency Payment Office
for such currency, in such funds as may then be customary for the settlement of international transactions in such currency in the city of and at the address of the Agent’s Eurocurrency Payment Office for such currency. Unless the Agent
determines that any applicable condition specified in Article IV has not been satisfied, the Agent will make the funds so received from the Lenders available to the applicable Borrower at the Agent’s aforesaid address or, if applicable, to such
Borrower’s account specified on the applicable Borrowing Notice. Notwithstanding the foregoing provisions of this Section 2.10, to the extent that a Revolving Loan made by a Lender matures on the Borrowing Date of a requested Revolving
Loan, such Lender shall apply the proceeds of the Revolving Loan it is then making to the repayment of principal of the maturing Revolving Loan. 
 2.11. Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line Advance) shall bear interest on the outstanding principal amount thereof, for each day from and including
the date such Advance is made or is automatically converted from a Eurocurrency Advance into a Floating Rate Advance pursuant to Section 2.9, to but excluding the date it is paid or is converted into a Eurocurrency Advance pursuant to
Section 2.9 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but
excluding the date it is fully paid at a rate per annum equal to the Floating Rate for such day or at such other rate per annum as shall be agreed to by the Swing Line Lender and the Company. Changes in the rate of interest on that portion of any
Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of
the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the Eurocurrency Rate determined by the Agent as applicable to such Eurocurrency Advance based upon the applicable Borrower’s selections under
Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof. No Interest Period in respect of any Revolving Loan may end after the Revolving Loan Termination Date. 
 2.12. Rates Applicable After Default. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrowers (which notice may be revoked at the option of the
Required Lenders notwithstanding any provision of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each Eurocurrency Advance shall bear interest for the remainder of the applicable
Interest Period at a rate per annum equal to the Floating Rate in effect from time to time plus 2% per annum, (ii) each Floating Rate Advance and each Swing Line Loan shall bear interest at a rate per annum equal to the Floating Rate in
effect from time to time plus 2% per annum, and (iii) the LC Fee 

  
 35 

 
described in the first sentence of Section 2.24.4 shall be increased to a rate per annum equal to the Floating Rate in effect from time to time plus 2% per annum; provided that,
during the continuance of a Default under Section 7.2, 7.3 (solely arising as a result of a breach of any of Sections 6.20 through 6.22), 7.6 or 7.7, the interest rates set forth in clauses (i) and (ii) above and the increase in the
LC Fee set forth in clause (iii) above shall be applicable to all Credit Extensions, Advances, fees and other Obligations hereunder without any election or action on the part of the Agent, any LC Issuer or any Lender. 

2.13. Method of Payment; Non-availability of Original Currency. 

2.13.1 Method of Payment. Each Advance shall be repaid and each payment of interest thereon shall be paid in the
currency in which such Advance was made or, where such currency has converted to euro, in euro. All payments of the Obligations hereunder shall be made, without setoff, deduction, or counterclaim, in immediately available funds to the Agent at
(except as set forth in the next sentence) the Agent’s address specified pursuant to Article XIII, or at any other Lending Installation of the Agent specified in writing by the Agent to the Company, by 12:00 noon (Local Time) on the date when
due and shall (except with respect to repayments of Swing Line Loans, and except in the case of Reimbursement Obligations for which any LC Issuer has not been fully indemnified by the Lenders, or as otherwise specifically required hereunder) be
applied ratably by the Agent among the Lenders. All payments to be made by the Borrowers hereunder in any currency other than Dollars shall be made in such currency on the date due in such funds as may then be customary for the settlement of
international transactions in such currency for the account of the Agent, at its Eurocurrency Payment Office for such currency and shall be applied ratably by the Agent among the Lenders. Each payment delivered to the Agent for the account of any
Lender shall be delivered promptly by the Agent to such Lender in the same type of funds that the Agent received at, (a) with respect to Floating Rate Loans and Eurocurrency Loans denominated in Dollars, its address specified pursuant to
Article XIII or at any Lending Installation specified in a notice received by the Agent from such Lender and (b) with respect to Eurocurrency Loans denominated in an Agreed Currency other than Dollars, in the funds received from the Borrowers
at the address of the Agent’s Eurocurrency Payment Office for such currency. The Agent is hereby authorized to charge the account of any Borrower maintained with JPMorgan Chase for each payment of the Obligations as it becomes due hereunder.
Each reference to the Agent in this Section 2.13 shall also be deemed to refer, and shall apply equally to the LC Issuers in the case of payments required to be made by any Borrower to the LC Issuers pursuant to Section 2.24.6. 

  
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 2.13.2 Non-availability of Original Currency. Notwithstanding the
foregoing provisions of this Section, if, after the making of any Advance in any currency other than Dollars, currency control or exchange regulations are imposed in the country which issues such currency with the result that the type of currency in
which the Advance was made (the “Original Currency”) no longer exists or the applicable Borrower is not able to make payment to the Agent for the account of the Lenders in such Original Currency, then all payments to be made by the
applicable Borrower hereunder in such currency shall instead be made when due in Dollars in an amount equal to the Dollar Amount (as of the date of repayment) of such payment due, it being the intention of the parties hereto that the applicable
Borrower take all risks of the imposition of any such currency control or exchange regulations. 
 2.14. [RESERVED].

 2.15. Noteless Agreement; Evidence of Indebtedness. 

 

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

  

	 	(ii)	The Agent shall also maintain accounts in which it will record (a) the date and the amount of each Loan made hereunder, the Agreed Currency and Type thereof and
the Interest Period (in the case of a Eurocurrency Advance) with respect thereto, (b) the amount of any principal or interest due and payable or to become due and payable from the Borrowers to each Lender hereunder, (c) the original stated
amount of each Facility LC and the amount of LC Obligations outstanding at any time, (d) the effective date and amount of each Assignment Agreement delivered to and accepted by it and the parties thereto pursuant to Section 12.3,
(e) the amount of any sum received by the Agent hereunder from the Borrowers and each Lender’s share thereof, and (f) all other appropriate debits and credits as provided in this Agreement, including, without limitation, all fees,
charges, expenses and interest. 

  

	 	(iii)	The entries maintained in the accounts maintained pursuant to paragraphs (i) and (ii) above shall be prima facie evidence of the existence and amounts of the
Obligations therein recorded; provided, however, that the failure of the Agent or any Lender to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrowers to repay the Obligations in
accordance with their terms. 

  
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	 	(iv)	Any Lender may request that its Revolving Loans or, in the case of the Swing Line Lender, the Swing Line Loans, be evidenced by promissory notes (the “Notes”)
in substantially the form of Exhibit D, with appropriate changes for notes evidencing Swing Line Loans. In such event, each Borrower shall prepare, execute and deliver to such Lender such Note(s) payable to the order of such Lender or its registered
assigns. Thereafter, the Loans evidenced by such Notes and interest thereon shall at all times (prior to any assignment pursuant to Section 12.3) be represented by one or more Notes payable to the order of the payee named therein, except to the
extent that any such Lender subsequently returns any such Note(s) for cancellation and requests that such Loans once again be evidenced as described in paragraphs (i) and (ii) above. No such substitutions, amendments and restatements shall
constitute or effect a repayment, refinancing or novation of the amounts evidenced by the Notes but rather a modification and substitution of their respective terms. 

2.16. Telephonic Notices. Each Borrower hereby authorizes the Lenders and the Agent to extend, convert or continue Advances,
effect selections of Types of Advances (other than in respect of Advances denominated in Foreign Currencies) and to transfer funds based on telephonic notices made by any person or persons the Agent or any Lender in good faith believes to be acting
on behalf of such Borrower, it being understood that the foregoing authorization is specifically intended to allow Borrowing Notices and Conversion/Continuation Notices to be given telephonically. Each Borrower agrees to deliver promptly to the
Agent a written confirmation, signed by an Authorized Officer of such Borrower, if such confirmation is requested by the Agent or any Lender, of each telephonic notice. If the written confirmation differs in any material respect from the action
taken by the Agent and the Lenders, the records of the Agent and the Lenders shall govern absent manifest error. 
 2.17.
Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance shall be payable in arrears on the Closing Date and each Payment Date, commencing with the first Payment Date to occur after the Closing Date, on
any date on which the Floating Rate Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurocurrency
Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance is
prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such
Interest Period. Interest on Eurocurrency Advances, Swing Line Loans, LC Fees and all other fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year, except for interest on Revolving Loans denominated in
British Pounds Sterling which shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest on Floating Rate Advances (other than Swing Line Loans) shall be calculated for actual days elapsed on the basis of a 365/366-day
year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Local Time) at the place of payment. If any payment of principal of or interest on an
Advance, any fees or any other amounts payable to the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such
extension of time shall be included in computing interest, fees and commissions in connection with such payment. 

  
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 2.18. Notification of Advances, Interest Rates, Prepayments and Commitment
Reduction. Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Revolving Loan Commitment reduction notice, Borrowing Notice, Swing Line Borrowing Notice, Conversion/Continuation Notice, and
repayment notice received by it hereunder. Promptly after notice from the applicable LC Issuer, the Agent will notify each Lender of the contents of each request for issuance of a Facility LC hereunder. The Agent will notify the Borrowers and each
Lender of the interest rate applicable to each Eurocurrency Advance promptly upon determination of such interest rate and will give the Borrowers and each Lender prompt notice of each change in the Alternate Base Rate. 

2.19. Lending Installations. 
 2.19.1 Each Lender may book its Revolving Loans denominated in an Agreed Currency other than Dollars at the appropriate Lending Installation listed on the administrative information sheets provided to the
Agent in connection herewith or such other Lending Installation designated by such Lender in accordance with the final sentence of this Section 2.19.1. All terms of this Agreement shall apply to any such Lending Installation and the Revolving
Loans denominated in an Agreed Currency other than Dollars and any Notes evidencing such Revolving Loans issued hereunder shall be deemed held by each Lender for the benefit of any such Lending Installation. Each Lender may, by written notice to the
Agent and the Borrowers in accordance with Article XIII, designate replacement or additional Lending Installations through which such Revolving Loans will be made by it and for whose account such Revolving Loan payments are to be made. 

2.19.2 Except for Revolving Loans denominated in an Agreed Currency other than Dollars, each Lender may book its Loans and
its participation in any LC Obligations and the LC Issuers may book the Facility LCs issued by it at any Lending Installation selected by such Lender or LC Issuer, as applicable, and may change its Lending Installation from time to time. All terms
of this Agreement shall apply to any such Lending Installation and the Loans, Facility LCs, participations in LC Obligations and any Notes evidencing a Loan issued hereunder shall be deemed held by each Lender or LC Issuer, as applicable, for the
benefit of any such Lending Installation. Each Lender and LC Issuer may, by written notice to the Agent and the Borrowers in accordance with Article XIII, designate replacement or additional Lending Installations through which Loans will be made by
it or Facility LCs will be issued by it and for whose account Loan payments or payments with respect to Facility LCs are to be made. In addition, each such Lender that books its Loans and its 

  
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participation in any LC Obligations at any Lending Installation and each LC Issuer that books the Facility LCs issued by it at any Lending Installation as provided in this Section 2.19,
(i) shall keep a register for the registration relating to each such Loan, LC Obligation and Facility LC, as applicable, specifying such Lending Installation’s name, address and entitlement to payments of principal and interest or any
other payments with respect to such Loan, LC Obligation and Facility LC, as applicable, and each transfer thereof and the name and address of each transferee and (ii) shall collect, prior to the time such Lending Installation receives payment
with respect to such Loans, LC Obligations and Facility LCs, as applicable as the case may be, from each such Lending Installation, the appropriate forms, certificates, and statements described in Section 3.5 (and updated as required by
Section 3.5) as if Lending Installation were a Lender under Section 3.5. 
 2.20. Non-Receipt of Funds by the
Agent. Unless the applicable Borrower or a Lender, as the case may be, notifies the Agent prior to the date on which it is scheduled to make payment to the Agent of (i) in the case of a Lender, the proceeds of a Loan or (ii) in the
case of any Borrower, a payment of principal, interest or fees to the Agent for the account of the Lenders, that it does not intend to make such payment, the Agent may assume that such payment has been made. The Agent may, but shall not be obligated
to, make the amount of such payment available to the intended recipient in reliance upon such assumption. If such Lender or the applicable Borrower, as the case may be, has not in fact made such payment to the Agent, the recipient of such payment
shall, on demand by the Agent, repay to the Agent the amount so made available together with interest thereon in respect of each day during the period commencing on the date such amount was so made available by the Agent until the date the Agent
recovers such amount at a rate per annum equal to (x) in the case of payment by a Lender, the greater of (i) the Federal Funds Effective Rate for such day for the first three days and, thereafter, the interest rate applicable to the
relevant Loan and (ii) a rate determined by the Agent in accordance with banking industry rules on interbank compensation (including without limitation the Overnight Foreign Currency Rate in the case of Loans denominated in an Agreed Currency
other than Dollars) or (y) in the case of payment by any Borrower, the interest rate applicable to the relevant Loan. 

2.21. Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV with respect
to any Advance in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of such Advance any change in national or international financial, political or economic conditions or currency exchange rates or exchange
controls which would in the reasonable opinion of the Agent or the Required Lenders make it impracticable for the Eurocurrency Loans comprising such Advance to be denominated in the Agreed Currency specified by the applicable Borrower, then the
Agent shall forthwith give notice thereof to such Borrower and the Lenders, and such Loans shall not be denominated in such Agreed Currency but shall be made on such Borrowing Date in Dollars, in an aggregate principal amount equal to the Dollar
Amount of the aggregate principal amount specified in the related Borrowing Notice or Conversion/Continuation Notice, as the case may be, as Floating Rate Loans, unless such Borrower notifies the Agent at least one Business Day before such date

  
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that (i) it elects not to borrow on such date or (ii) it elects to borrow on such date in a different Agreed Currency, provided that (a) the denomination of such Loans in
such different Agreed Currency would in the opinion of the Agent and the Required Lenders be practicable and (b) such borrowing shall be in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in
the related Borrowing Notice or Conversion/Continuation Notice, as the case may be. 
 2.22. Judgment Currency. If for
the purposes of obtaining judgment in any court it is necessary to convert a sum due from any Borrower hereunder in the currency expressed to be payable herein (the “specified currency”) into another currency, the parties hereto agree, to
the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Agent could purchase the specified currency with such other currency at the Agent’s main
Chicago office on the Business Day preceding that on which final, non-appealable judgment is given. The obligations of the Borrowers in respect of any sum due to any Lender or the Agent hereunder shall, notwithstanding any judgment in a currency
other than the specified currency, be discharged only to the extent that on the Business Day following receipt by such Lender or the Agent (as the case may be) of any sum adjudged to be so due in such other currency such Lender or the Agent (as the
case may be) may in accordance with normal, reasonable banking procedures purchase the specified currency with such other currency. If the amount of the specified currency so purchased is less than the sum originally due to such Lender or the Agent,
as the case may be, in the specified currency, each Borrower agrees, to the fullest extent that it may effectively do so, as a separate obligation and notwithstanding any such judgment, to indemnify such Lender or the Agent, as the case may be,
against such loss, and if the amount of the specified currency so purchased exceeds (a) the sum originally due to any Lender or the Agent, as the case may be, in the specified currency and (b) any amounts shared with other Lenders as a
result of allocations of such excess as a disproportionate payment to such Lender under Section 12.2, such Lender or the Agent, as the case may be, agrees to remit such excess to the applicable Borrower. 

2.23. Replacement of Lender. If (i) any Borrower is required pursuant to Section 3.1, 3.2 or 3.5 to make any additional
or increased payment to any Lender, (ii) if any Lender’s obligation to make or continue, or to convert Floating Rate Advances into, Eurocurrency Advances shall be suspended pursuant to Section 3.3, (iii) any Lender refuses to
consent to certain proposed changes, waivers, discharges or terminations with respect to this Agreement requiring the consent of all Lenders (or all affected Lenders) pursuant to Section 8.2 and the same have been approved by the Required
Lenders, or (iv) any Lender becomes a Defaulting Lender (any Lender in clauses (i) through (iv) above being an “Affected Lender”) the Company may elect, if such amounts continue to be charged or such suspension is still
effective or such Lender remains a Defaulting Lender, to replace the Revolving Loan Commitment of such Affected Lender, provided that no Default or Unmatured Default shall have occurred and be continuing at the time of such replacement, and
provided, further that, concurrently with such replacement, (i) another bank or other entity which is reasonably satisfactory to the Company and the Agent and the LC Issuers shall agree, as of such date, to purchase for cash the
Outstanding Revolving Credit Exposure of the Affected Lender pursuant to an Assignment Agreement substantially in the form of Exhibit C and to become a Lender for all purposes under this Agreement and to assume all obligations of the Affected Lender
to be replaced as of such date and to comply with the requirements of Section 12.3 applicable to assignments (provided  

  
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that no consent of the Affected Lender shall be required for such assignment), and (ii) the Borrowers shall pay to such Affected Lender in immediately available funds on the day of such
replacement (A) all interest, fees and other amounts then accrued but unpaid to such Affected Lender by the Borrowers hereunder to and including the date of replacement, including without limitation payments due to such Affected Lender under
Sections 3.1, 3.2 and 3.5, and (B) an amount, if any, equal to the payment which would have been due to such Lender on the day of such replacement under Section 3.4 had the Loans of such Affected Lender been prepaid on such date rather
than sold to the replacement Lender, in each case to the extent not paid by the replacement Lender. 
 2.24. Facility
LCs. 
 2.24.1 Issuance. Issuance. The LC Issuers hereby agree, on the terms and conditions set
forth in this Agreement, to issue commercial and standby Letters of Credit in Dollars (each, a “Facility LC”) and to renew, extend, increase, decrease or otherwise modify each Facility LC (“Modify,” and each such action, a
“Modification”), from time to time from and including the Closing Date and prior to the Revolving Loan Termination Date upon the request of the applicable Borrower; provided that immediately after each such Facility LC is issued or
Modified, (i) the aggregate amount of the outstanding LC Obligations shall not exceed $50,000,000 and (ii) the Aggregate Outstanding Revolving Credit Exposure shall not exceed the Aggregate Revolving Loan Commitment. No Facility LC shall
have an expiry date later than the earlier of (x) the fifth Business Day prior to the Revolving Loan Termination Date and (y) one year after its issuance; provided that any Facility LC with a one-year tenor may provide for the
renewal thereof for additional one year periods (which shall in no event extend beyond the date referred to in clause (x) above). All Existing Facility LCs shall be deemed to have been issued pursuant to this Agreement and from and after the
Closing Date shall be subject to and governed by the terms and conditions hereof. 
 2.24.2
Participations. Upon the issuance or Modification by the applicable LC Issuer of a Facility LC in accordance with this Section 2.24, such LC Issuer shall be deemed, without further action by any party hereto, to have unconditionally and
irrevocably sold to each Lender, and each Lender shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably purchased from such LC Issuer, a participation in such Facility LC (and each Modification thereof)
and the related LC Obligations in proportion to its Revolving Loan Pro Rata Share. 

  
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 2.24.3 Notice. The applicable Borrower shall give the applicable LC
Issuer notice prior to 10:00 a.m. (Chicago time) at least five Business Days prior to the proposed date of issuance or Modification of each Facility LC (or such shorter period as shall be agreed to by the Borrowers, the Agent and the LC Issuers),
specifying the beneficiary, the proposed date of issuance (or Modification) and the expiry date of such Facility LC, and describing the proposed terms of such Facility LC and the nature of the transactions proposed to be supported thereby. The
applicable LC Issuer shall promptly notify the Agent, and, upon issuance only, the Agent shall promptly notify each Lender, of the contents thereof and of the amount of such Lender’s participation in such Facility LC. The issuance or
Modification by any LC Issuer of any Facility LC shall, in addition to the conditions precedent set forth in Article IV (the satisfaction of which such LC Issuer shall have no duty to ascertain), be subject to the conditions precedent that such
Facility LC shall be satisfactory to such LC Issuer and that the applicable Borrower shall have executed and delivered such application agreement and/or such other instruments and agreements relating to such Facility LC as such LC Issuer shall have
reasonably requested (each, a “Facility LC Application”). In the event of any conflict between the terms of this Agreement and the terms of any Facility LC Application, the terms of this Agreement shall control. 

2.24.4 LC Fees. The Company shall pay to the Agent, for the account of the Lenders ratably in accordance with their
respective Revolving Loan Pro Rata Shares, (i) with respect to each standby Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurocurrency Loans in effect from time to time on the average daily undrawn
amount under such Facility LC, such fee to be payable in arrears on each Payment Date, and (ii) with respect to each commercial Facility LC, a one-time letter of credit fee in an amount to be agreed upon between the Company and the applicable
LC Issuer based upon the initial stated amount (or, with respect to a Modification of any such commercial Facility LC which increases the stated amount thereof, such increase in the stated amount) thereof, such fee to be payable on the date of such
issuance or increase. The applicable Borrower shall also pay to each LC Issuer for its own account (x) at the time of such LC Issuer’s issuance of any standby Facility LC, a fronting fee in an amount equal to 0.125% multiplied by
the face amount of such standby Facility LC, and (y) documentary and processing charges in connection with the issuance, or Modification cancellation, negotiation, or transfer of, and draws under Facility LCs in accordance with the applicable
LC Issuer’s standard schedule for such charges as in effect from time to time. Each fee described in this Section 2.24.4 shall constitute an “LC Fee”. 

  
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 2.24.5 Administration; Reimbursement by Lenders. Upon receipt from
the beneficiary of any Facility LC of any demand for payment under such Facility LC, the applicable LC Issuer shall notify the Agent and the Agent shall promptly notify the applicable Borrower and each other Lender as to the amount to be paid by
such LC Issuer as a result of such demand and the proposed payment date to such beneficiary (the “LC Payment Date”); provided, however, that the failure of such LC Issuer to so notify such Borrower shall not in any
manner affect the obligations of any Borrower to reimburse such LC Issuer pursuant to Section 2.24.6. The responsibility of each LC Issuer to the Borrowers and each Lender shall be only to determine that the documents (including each demand for
payment) delivered under each Facility LC issued by such LC Issuer in connection with such presentment shall be in conformity in all material respects with such Facility LC. Each LC Issuer shall endeavor to exercise the same care in the issuance and
administration of the Facility LCs issued by such LC Issuer as it does with respect to Letters of Credit in which no participations are granted, it being understood that in the absence of any gross negligence or willful misconduct by the applicable
LC Issuer, each Lender shall be unconditionally and irrevocably liable without regard to the occurrence of any Default or any condition precedent whatsoever, to reimburse such LC Issuer on demand for (i) such Lender’s Revolving Loan Pro
Rata Share of the amount of each payment made by such LC Issuer under each Facility LC issued by such LC Issuer to the extent such amount is not reimbursed by the Borrowers pursuant to Section 2.24.6 below, plus (ii) interest on the
foregoing amount to be reimbursed by such Lender, for each day from the date of the applicable LC Issuer’s demand for such reimbursement (or, if such demand is made after 11:00 a.m. (Chicago time) on such date, from the next succeeding Business
Day) to the date on which such Lender pays the amount to be reimbursed by it, at a rate of interest per annum equal to the Federal Funds Effective Rate for the first three days and, thereafter, at a rate of interest equal to the rate applicable to
Floating Rate Advances. In the event any LC Issuer shall receive any payment from any Lender pursuant to this Section 2.24.5, the Agent (acting for this purpose solely as agent of the Borrowers) (i) shall keep a register for the
registration relating to each such Reimbursement Obligation, specifying such participating Lender’s name, address and entitlement to payments with respect to such participating Lender’s share of the principal amount of any Reimbursement
Obligation and interest thereon with respect to its respective participations, and each transfer thereof and the name and address of each transferee and (ii) shall collect, prior to the time such participating Lender receives payment with
respect to such participation, from each such participating Lender the appropriate forms, certificates, and statements described in Section 3.5 (and updated as required by Section 3.5) as if such participating Lender were a Lender under
Section 3.5. 

  
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 2.24.6 Reimbursement by Borrowers. The Borrowers shall be
irrevocably and unconditionally obligated to reimburse the LC Issuers on or before the applicable LC Payment Date for any amounts to be paid by any LC Issuer upon any drawing under any Facility LC issued by such LC Issuer, without presentment,
demand, protest or other formalities of any kind; provided that no Borrower nor any Lender shall hereby be precluded from asserting any claim for direct (but not consequential) damages suffered by any Borrower or such Lender to the extent,
but only to the extent, caused by (i) the willful misconduct or gross negligence of the applicable LC Issuer in determining whether a request presented under any Facility LC issued by it complied with the terms of such Facility LC or
(ii) the applicable LC Issuer’s failure to pay under any Facility LC issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Facility LC. All such amounts paid by any LC Issuer and
remaining unpaid by the Borrowers shall bear interest, payable on demand, for each day until paid at a rate per annum equal to (x) the rate applicable to Floating Rate Advances for such day if such day falls on or before the applicable LC
Payment Date and (y) the sum of 2% plus the rate applicable to Floating Rate Advances for such day if such day falls after such LC Payment Date. Each LC Issuer will pay to each Lender ratably in accordance with its Revolving Loan Pro
Rata Share all amounts received by it from the Borrowers for application in payment, in whole or in part, of the Reimbursement Obligation in respect of any Facility LC issued by such LC Issuer, but only to the extent such Lender has made payment to
such LC Issuer in respect of such Facility LC pursuant to Section 2.24.5. Subject to the terms and conditions of this Agreement (including, without limitation, the submission of a Borrowing Notice in compliance with Section 2.9 and the
satisfaction of the applicable conditions precedent set forth in Article IV), the Borrowers may request an Advance hereunder for the purpose of satisfying any Reimbursement Obligation. 

2.24.7 Obligations Absolute. The Borrowers’ obligations under this Section 2.24 shall be absolute and
unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment which any Borrower may have or have had against any LC Issuer, any Lender or any beneficiary of a Facility LC. The Borrowers further
agree with the LC Issuers and the Lenders that the LC Issuers and the Lenders shall not be responsible for, and the Borrowers’ Reimbursement Obligation in respect of any Facility LC shall not be affected by, among other things, the validity or
genuineness of documents or of any endorsements thereon, even if 

  
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such documents should in fact prove to be in any or all respects invalid, fraudulent or forged, or any dispute between or among any Borrower, any of their respective Affiliates, the beneficiary
of any Facility LC or any financing institution or other party to whom any Facility LC may be transferred or any claims or defenses whatsoever of any Borrower or of any of their respective Affiliates against the beneficiary of any Facility LC or any
such transferee. No LC Issuer shall be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Facility LC. Each Borrower agrees that any
action taken or omitted by any LC Issuer or any Lender under or in connection with each Facility LC and the related drafts and documents, if done without gross negligence or willful misconduct, shall be binding upon such Borrower and shall not put
any LC Issuer or any Lender under any liability to any Borrower. Nothing in this Section 2.24.7 is intended to limit the right of any Borrower to make a claim against any LC Issuer for damages as contemplated by the proviso to the first
sentence of Section 2.24.6. 
 2.24.8 Actions of LC Issuers. Each LC Issuer shall be entitled to
rely, and shall be fully protected in relying, upon any Facility LC, draft, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document believed
by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel, independent accountants and other experts selected by such LC Issuer. Each LC Issuer shall be
fully justified in failing or refusing to take any action under this Agreement unless it shall first have received such advice or concurrence of the Required Lenders as it reasonably deems appropriate or it shall first be indemnified to its
reasonable satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. Notwithstanding any other provision of this Section 2.24, each LC Issuer
shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement in accordance with a request of the Required Lenders, and such request and any action taken or failure to act pursuant thereto shall be binding upon
the Lenders and any future holders of a participation in any Facility LC. 
 2.24.9 Indemnification. The
Borrowers hereby agree to indemnify and hold harmless each Lender, each LC Issuer and the Agent, and their respective directors, officers, agents and employees from and against any and all claims and damages, losses, liabilities, reasonable costs or
expenses which such Lender, such LC Issuer or the Agent may incur (or which may be claimed against such Lender, 

  
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such LC Issuer or the Agent by any Person whatsoever) by reason of or in connection with the issuance, execution and delivery or transfer of or payment or failure to pay under any Facility LC or
any actual or proposed use of any Facility LC, including, without limitation, any claims, damages, losses, liabilities, reasonable costs or expenses which any LC Issuer may incur by reason of or in connection with (i) the failure of any other
Lender to fulfill or comply with its obligations to such LC Issuer hereunder (but nothing herein contained shall affect any rights any Borrower may have against any defaulting Lender) or (ii) by reason of or on account of such LC Issuer issuing
any Facility LC which specifies that the term “Beneficiary” included therein includes any successor by operation of law of the named Beneficiary, but which Facility LC does not require that any drawing by any such successor Beneficiary be
accompanied by a copy of a legal document, satisfactory to such LC Issuer, evidencing the appointment of such successor Beneficiary; provided that no Borrower shall be required to indemnify any Lender, any LC Issuer or the Agent for any
claims, damages, losses, liabilities, costs or expenses to the extent, but only to the extent, caused by (x) the willful misconduct or gross negligence of the applicable LC Issuer in determining whether a request presented under any Facility LC
issued by such LC Issuer complied with the terms of such Facility LC or (y) any LC Issuer’s failure to pay under any Facility LC issued by such LC Issuer after the presentation to it of a request strictly complying with the terms and
conditions of such Facility LC. Nothing in this Section 2.24.9 is intended to limit the obligations of any Borrower under any other provision of this Agreement. 

2.24.10 Lenders’ Indemnification. Each Lender shall, ratably in accordance with its Revolving Loan Pro Rata
Share, indemnify each LC Issuer, its affiliates and their respective directors, officers, agents and employees (to the extent not reimbursed by any Borrower) against any cost, expense (including reasonable counsel fees and disbursements), claim,
demand, action, loss or liability (except such as result from such indemnitees’ gross negligence or willful misconduct or the applicable LC Issuer’s failure to pay under any Facility LC issued by such LC Issuer after the presentation to it
of a request strictly complying with the terms and conditions of such Facility LC) that such indemnitees may suffer or incur in connection with this Section 2.24 or any action taken or omitted by such indemnitees hereunder. 

2.24.11 Facility LC Collateral Account. The Borrowers agree that the Company will, on behalf of each of the
Borrowers, upon the request of the Agent or the Required Lenders and until the final expiration date of any Facility LC and thereafter as long as any amount is payable to the LC Issuers or the Lenders in respect of any

  
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Facility LC, maintain a special collateral account pursuant to arrangements satisfactory to the Agent (the “Facility LC Collateral Account”) at the Agent’s office at the address
specified pursuant to Article XIII, in the name of the Company but under the sole dominion and control of the Agent, for the benefit of the Lenders and in which no Borrower shall have any interest other than as set forth in Section 8.1. Each
Borrower hereby pledges, assigns and grants to the Agent, on behalf of and for the ratable benefit of the Lenders and the LC Issuers, a security interest in all of such Borrower’s right, title and interest in and to all funds which may from
time to time be on deposit in the Facility LC Collateral Account to secure the prompt and complete payment and performance of the Obligations. The Agent will invest any funds on deposit from time to time in the Facility LC Collateral Account in
certificates of deposit of JPMorgan Chase having a maturity not exceeding 30 days. Nothing in this Section 2.24.11 shall either obligate the Agent to require any Borrower to deposit any funds in the Facility LC Collateral Account or limit the
right of the Agent to release any funds held in the Facility LC Collateral Account in each case other than as required by Section 8.1. 
 2.24.12 Rights as a Lender. In its capacity as a Lender, each LC Issuer shall have the same rights and obligations as any other Lender. 

2.25. Subsidiary Borrowers. The Company may at any time or from time to time, with the consent of the Agent, add as a party to
this Agreement any Domestic Subsidiary that is a Wholly-Owned Subsidiary to be a Subsidiary Borrower hereunder by the execution and delivery to the Agent and the Lenders of (a) a duly completed Assumption Letter by such Domestic Subsidiary,
with the acknowledgement of the Agent and written consent of the Borrowers at the foot thereof, (b) such opinions, agreements, documents, certificates or other items as may be required by Section 4.3, such documents with respect to any
additional Subsidiary Borrowers to be substantially similar in form and substance to the Loan Documents executed on or about the Closing Date by the Subsidiary Borrowers parties hereto as of the Closing Date. Upon such execution, delivery and
consent such Subsidiary shall for all purposes be a party hereto as a Subsidiary Borrower as fully as if it had executed and delivered this Agreement. So long as the principal of and interest on any Credit Extensions made to any Subsidiary Borrower
under this Agreement shall have been repaid or paid in full, all Facility LCs issued for the account of such Subsidiary Borrower have expired or been returned and terminated and all other obligations of such Subsidiary Borrower under this Agreement
shall have been fully performed, the Company may, by not less than five (5) Business Days’ prior notice to the Agent (which shall promptly notify the Lenders thereof), terminate such Subsidiary Borrower’s status as a “Subsidiary
Borrower” (it being understood and agreed that such Subsidiary Borrower shall remain liable with respect to indemnification and similar obligations incurred prior to such termination). The Agent shall give the Lenders written notice of the
addition of any Subsidiary Borrowers to this Agreement. 

  
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 2.26. Defaulting Lenders. Notwithstanding any provision of this Agreement to the
contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 
 (i) fees shall cease to accrue on the unfunded portion of the Revolving Loan Commitment of such Defaulting Lender pursuant to Section 2.5.1; 

(ii) the Revolving Loan Commitment and Outstanding Revolving Credit Exposure of such Defaulting Lender shall not be included in
determining whether all Lenders or the Required Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 8.2); provided that this clause (ii) shall not apply to the
vote of a Defaulting Lender in the case of an amendment, waiver or other modification requiring the consent of such Lender or each Lender affected thereby; 
 (iii) if any Swing Line Exposure or LC Obligations exist at the time such Lender becomes a Defaulting Lender then: 
 (a) so long as (x) the conditions set forth in Section 4.2 are satisfied at the time of reallocation (and, unless the Borrowers shall have otherwise notified the Agent at such time, the
Borrowers shall be deemed to have represented and warranted that such conditions are satisfied at such time) and (y) no Default shall be continuing: all or any part of the Swing Line Exposure and LC Obligations of such Defaulting Lender shall
be reallocated among the non-Defaulting Lenders in accordance with their respective Revolving Loan Pro Rata Shares, but only to the extent the sum of all non-Defaulting Lenders’ Outstanding Revolving Credit Exposure plus such Defaulting
Lender’s Swing Line Exposure and LC Obligations does not exceed the total of all non-Defaulting Lenders’ Revolving Loan Commitments; 
 (b) if the reallocation described in clause (a) above cannot, or can only partially, be effected, the Borrowers shall within one (1) Business Day following notice by the Agent
(x) first, prepay such Swing Line Exposure and (y) second, cash collateralize for the benefit of the applicable LC Issuers only the Borrowers’ obligations corresponding to such Defaulting Lender’s LC Obligations
(after giving effect to any partial reallocation pursuant to clause (a) above) in accordance with the procedures set forth in Section 8.1 for so long as such LC Obligations remain outstanding; 

(c) if the Borrowers cash collateralize any portion of such Defaulting Lender’s LC Obligations pursuant to clause
(b) above, the Borrowers shall not be required to pay any LC Fees to such Defaulting Lender (or the Agent or any other Lender) pursuant to Section 2.24.4 with respect to such Defaulting Lender’s LC Obligations during the period such
Defaulting Lender’s LC Obligations are cash collateralized; 
 (d) if the LC Obligations of the
non-Defaulting Lenders are reallocated pursuant to clause (a) above, then the Commitment Fees and the LC Fees payable to the Lenders pursuant to Section 2.5 and Section 2.24.4, respectively, shall be adjusted in accordance with such
non-Defaulting Lenders’ Revolving Loan Pro Rata Shares; and 

  
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 (e) if all or any portion of such Defaulting Lender’s LC Obligations
are neither reallocated nor cash collateralized pursuant to clause (a) or (b) above, then, without prejudice to any rights or remedies of the LC Issuers or any other Lender hereunder, all LC Fees payable under Section 2.24.4 with
respect to such Defaulting Lender’s LC Obligations shall be payable to the applicable LC Issuer (and not to such Defaulting Lender) until and to the extent that such LC Obligations are reallocated and/or cash collateralized; and 

(iv) so long as such Lender is a Defaulting Lender, the Swing Line Lender shall not be required to fund any Swing Line Loan and no LC
Issuer shall be required to issue, amend or increase any Facility LC, unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding LC Obligations will be 100% covered by the Revolving Loan Commitments of the
non-Defaulting Lenders and/or cash collateral will be provided by the Borrowers in accordance with Section 2.26(iii), and participating interests in any such newly made Swing Line Loan or any newly issued or increased Facility LC shall be
allocated among non-Defaulting Lenders in a manner consistent with Section 2.26(iii)(a) (and such Defaulting Lender shall not participate therein). 
 If (i) a Bankruptcy Event with respect to a Parent of any Lender shall occur following the date hereof and for so long as such event shall continue or (ii) the Swing Line Lender or any LC Issuer
has a good faith belief that any Lender has defaulted in fulfilling its obligations under one or more other agreements in which such Lender commits to extend credit, the Swing Line Lender shall not be required to fund any Swing Line Loan and such LC
Issuer shall not be required to issue or Modify any Facility LC, unless the Swing Line Lender or such LC Issuer, as the case may be, shall have entered into arrangements with the Company or such Lender, satisfactory to the Swing Line Lender or such
LC Issuer, as the case may be, to defease any risk to it in respect of such Lender hereunder. 
 In the event that the Agent,
the Borrowers, each of the LC Issuers and the Swing Line Lender each agrees that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swing Line Exposure and LC Obligations of the
Lenders shall be readjusted to reflect the inclusion of such Lender’s Revolving Loan Commitment and on such date such Lender shall purchase at par such of the Loans of the other Lenders as the Agent shall determine may be necessary in order for
such Lender to hold such Loans in accordance with its Revolving Loan Pro Rata Share. 
 Nothing contained in the foregoing shall
be deemed to constitute a waiver by any Borrower of any of its rights or remedies (whether in equity or law) against any Lender which fails to fund any of its Loans hereunder at the time or in the amount required to be funded under the terms of this
Agreement. 

  
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 ARTICLE III 
 YIELD PROTECTION; TAXES 
 3.1. Yield Protection. If any Change in
Law: 
  

	 	(i)	subjects the Agent, any Lender, any applicable Lending Installation or any LC Issuer to any taxes, duties, levies, imposts, deductions, fees, assessments, charges or
withholdings, and any and all liabilities with respect to the foregoing, on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto (other than
(A) Taxes, (B) Excluded Taxes or (C) Other Taxes), or 

  

	 	(ii)	imposes or increases or deems applicable any reserve, assessment, insurance charge, special deposit or similar requirement against assets of, deposits with or for the
account of, or credit extended by, any Lender or any applicable Lending Installation or any LC Issuer (other than reserves and assessments taken into account in determining the interest rate applicable to Eurocurrency Advances) with respect to its
Revolving Loan Commitment, Loans, Facility LCs or participations therein, or 

  

	 	(iii)	imposes any other condition the result of which is to increase the cost to any Lender, any applicable Lending Installation or any LC Issuer of making, funding or
maintaining its Revolving Loan Commitment, Loans or of issuing or participating in Facility LCs, or reduces any amount receivable by any Lender or any applicable Lending Installation or any LC Issuer in connection with its Revolving Loan Commitment
or Loans or Facility LCs (including participations therein), or requires any Lender or any applicable Lending Installation or any LC Issuer to make any payment calculated by reference to the amount of Revolving Loan Commitment or Loans or Facility
LCs (including participations therein) held or interest or LC Fees received by it, by an amount deemed material by such Lender or such LC Issuer, as applicable, 

 and the result of any of the foregoing is to increase the cost to the Agent, such Lender or applicable Lending Installation or such LC Issuer of making or maintaining its Loans (including, without
limitation, any conversion of any Loan denominated in an Agreed Currency other than euro into a Loan denominated in euro) or Revolving Loan Commitment or of issuing or participating in Facility LCs, as applicable, or to reduce the return received by
the Agent, such Lender or applicable Lending Installation or LC Issuer in connection with such Loans, Revolving Loan Commitment or Facility LCs (including participations therein), then, within 15 days of demand, accompanied by the written statement
required by Section 3.6, by the Agent, such Lender or LC Issuer, the Borrowers shall pay the Agent, such Lender or LC Issuer such additional amount or amounts as will compensate the Agent, such Lender or LC Issuer for such increased cost or
reduction in amount received. 
 3.2. Changes in Capital Adequacy Regulations. If a Lender or any LC Issuer determines
the amount of capital required or expected to be maintained by such Lender or such LC Issuer, any Lending Installation of such Lender or such LC Issuer or any corporation controlling such Lender or such LC Issuer is increased as a result of a Change
in Capital Adequacy Regulations, then, within 15 days of demand, accompanied by the written statement required by Section 3.6, by such Lender or such LC Issuer, the Borrowers shall pay such Lender or such LC Issuer the amount necessary to
compensate for any shortfall in the rate of return on the portion of such increased capital which such Lender or such LC Issuer determines is 

  
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attributable to this Agreement, its Outstanding Revolving Credit Exposure, its Revolving Loan Commitment or its commitment to issue Facility LCs, as applicable, hereunder (after taking into
account such Lender’s or such LC Issuer’s policies as to capital adequacy). “Change in Capital Adequacy Regulations” means (i) any change after the Closing Date in the Risk-Based Capital Guidelines or (ii) any adoption
of, or change in, or change in the interpretation or administration of any other law, governmental or quasi-governmental rule, regulation, policy, guideline, interpretation, or directive (whether or not having the force of law) after the Closing
Date which affects the amount of capital required or expected to be maintained by any Lender or any LC Issuer or any Lending Installation or any corporation controlling any Lender or any LC Issuer. “Risk-Based Capital Guidelines” means
(i) the risk-based capital guidelines in effect in the United States on the Closing Date, including transition rules, (ii) the corresponding capital regulations promulgated by regulatory authorities outside the United States implementing
the July 1988 report of the Basel Committee on Banking Regulation and Supervisory Practices Entitled “International Convergence of Capital Measurements and Capital Standards,” including transition rules, and any amendments to such
regulations adopted prior to the Closing Date and (iii) all requests, rules, regulations, guidelines, interpretations or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any
successor or similar authority) or the United States or foreign regulatory authorities (whether or not having the force of Law), in each case pursuant to Basel III. 
 3.3. Availability of Types of Advances. If (x) any Lender determines that maintenance of its Eurocurrency Loans at a suitable Lending Installation would violate any applicable law, rule,
regulation, or directive, whether or not having the force of law, or (y) the Required Lenders determine that (i) deposits of a type, currency and maturity appropriate to match fund Eurocurrency Advances are not available or (ii) the
interest rate applicable to Eurocurrency Advances does not accurately reflect the cost of making or maintaining Eurocurrency Advances, or (iii) no reasonable basis exists for determining the Eurocurrency Reference Rate, then the Agent shall
suspend the availability of Eurocurrency Advances and require any affected Eurocurrency Advances to be repaid or converted to Floating Rate Advances on the respective last days of the then current Interest Periods with respect to such Loans or
within such earlier period as required by law, subject to the payment of any funding indemnification amounts required by Section 3.4. 
 3.4. Funding Indemnification. If any payment of a Eurocurrency Advance occurs on a date which is not the last day of the applicable Interest Period, whether because of acceleration, prepayment or
otherwise, or a Eurocurrency Advance is not made or continued, or a Floating Rate Advance is not converted into a Eurocurrency Advance, on the date specified by the applicable Borrower for any reason other than default by the Lenders, or a
Eurocurrency Advance is not prepaid on the date specified by the applicable Borrower for any reason, the Borrowers will, jointly and severally, indemnify each Lender for any reasonable loss or cost incurred by it resulting therefrom, including,
without limitation, any reasonable loss or cost in liquidating or employing deposits acquired to fund or maintain such Eurocurrency Advance. 
 3.5. Taxes. (i) All payments by the Borrowers to or for the account of any Lender or any LC Issuer or the Agent hereunder or under any Note shall be made free and clear of and without
deduction for any and all Taxes. If any Borrower shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder to any Lender, any LC Issuer or the 

  
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Agent, (a) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this
Section 3.5) such Lender, such LC Issuer or the Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (b) such Borrower shall make such deductions, (c) such Borrower
shall pay the full amount deducted to the relevant authority in accordance with applicable law and (d) such Borrower shall furnish to the Agent the original copy of a receipt evidencing payment thereof or, if a receipt cannot be obtained with
reasonable efforts, such other evidence of payment as is reasonably acceptable to the Agent, in each case within 30 days after such payment is made. 
  

	 	(ii)	In addition, the Borrowers shall pay any present or future stamp or documentary taxes and any other excise or property taxes, charges or similar levies which arise from
any payment made hereunder or under any Note or Facility LC Application or from the execution or delivery of, or otherwise with respect to, this Agreement or any Note or Facility LC Application or any other Loan Document (“Other Taxes”).

  

	 	(iii)	The Borrowers shall indemnify the Agent, each LC Issuer and each Lender for the full amount of Taxes or Other Taxes (including, without limitation, any Taxes or Other
Taxes imposed on amounts payable under this Section 3.5) paid by the Agent, such LC Issuer or such Lender as a result of its Revolving Loan Commitment, any Credit Extensions made by it hereunder, any Facility LC issued or participated in by it
hereunder, or otherwise in connection with its participation in this Agreement and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto. Payments due under this indemnification shall be made within 30
days of the date the Agent, such LC Issuer or such Lender makes demand therefor pursuant to Section 3.6. 

  

	 	(iv)	 Each Lender that is not incorporated under the laws of the United States of America or a state thereof (each a “Non-U.S. Lender”) agrees that
it will, not more than ten Business Days after the date on which it becomes a party to this Agreement (but in any event before a payment is due to it hereunder), (i) deliver to each of the Company and the Agent two duly completed copies of
United States Internal Revenue Service Form W-8BEN or W-8ECI or successor forms, certifying in either case that such Non-U.S. Lender is entitled to receive payments under this Agreement or under any Note or Facility LC Application without deduction
or withholding of any United States federal income taxes, or (ii) in the case of a Non-U.S. Lender that is fiscally transparent, deliver to the Agent a United States Internal Revenue Service Form W-8IMY or successor form together with the
applicable accompanying duly completed copies of United States Internal Revenue Service applicable Forms W-8 or W-9 or successor forms, as the case may be, and certify that it is entitled to an exemption from United States withholding tax. Each
Non-U.S. Lender further undertakes to deliver to each of the Company and the Agent renewals or additional copies of such form (or any successor form) (x) on or before the date that such form expires or becomes obsolete, (y) after the
occurrence of any event requiring a change in the most recent forms so delivered by it, and (z) from time to time upon reasonable request 

  
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by the Company or the Agent. All forms or amendments described in the preceding sentence shall certify that such Lender is entitled to receive payments under this Agreement without deduction or
withholding of any United States federal income taxes, unless an event (including without limitation any change in treaty, law or regulation) has occurred prior to the date on which any such delivery would otherwise be required which renders all
such forms inapplicable or which would prevent such Lender from duly completing and delivering any such form or amendment with respect to it and such Lender advises the Company and the Agent that it is not capable of receiving payments without any
deduction or withholding of United States federal income tax. 

  

	 	(v)	For any period during which a Non-U.S. Lender has failed to provide the Company with an appropriate form pursuant to clause (iv) above (unless such failure is due
to a change in treaty, law or regulation, or any change in the interpretation or administration thereof by any Governmental Authority, occurring subsequent to the date on which a form originally was required to be provided), such Non-U.S. Lender
shall not be entitled to indemnification under this Section 3.5 with respect to Taxes imposed by the United States; provided that, should a Non-U.S. Lender which is otherwise exempt from or subject to a reduced rate of withholding tax
become subject to Taxes because of its failure to deliver a form required under clause (iv) above, the Company shall take such steps as such Non-U.S. Lender shall reasonably request to assist such Non-U.S. Lender to recover such Taxes.

  

	 	(vi)	Any Lender that is entitled to an exemption from or reduction of withholding tax with respect to payments under this Agreement or any Note pursuant to the law of any
relevant jurisdiction or any treaty shall deliver to the Company (with a copy to the Agent), at the time or times prescribed by applicable law, such properly completed and executed documentation prescribed by applicable law as will permit such
payments to be made without withholding or at a reduced rate. 

  

	 	(vii)	Each Lender shall severally indemnify the Agent for any taxes, duties, levies, imposts, deductions, fees, assessments, charges or withholdings, and any and all
liabilities with respect to the foregoing (but, in the case of any Taxes or Other Taxes, only to the extent that the Borrowers have not already indemnified the Agent for such Taxes or Other Taxes and without limiting the obligation of the Borrowers
to do so) attributable to such Lender that are paid or payable by the Agent in connection with any Loan Documents and any reasonable expenses arising therefrom or with respect thereto, whether or not such amounts were correctly or legally imposed or
asserted by the relevant Governmental Authority. The indemnity under this Section 3.5(vii) shall be paid within 30 days after the Agent delivers to the applicable Lender a certificate stating the amount so paid or payable by the Agent. Such
certificate shall be conclusive of the amount so paid or payable absent manifest error. 

  
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	 	(viii)	If a payment made to a Lender under this Agreement would be subject to United States federal withholding tax imposed by FATCA if such Lender were to fail to comply
with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Company and the Agent, at the time or times prescribed by law and at such
time or times reasonably requested by the Company or the Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the
Company or the Agent as may be necessary for the Company and the Agent to comply with its obligations under FATCA, to determine that such Lender has or has not complied with such Lender’s obligations under FATCA and, as necessary, to determine
the amount to deduct and withhold from such payment. Solely for purposes of this Section 3.5(viii), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

3.6. Lender Statements; Survival of Indemnity. Each Lender shall deliver a written statement of such Lender to the Company (with a
copy to the Agent) as to the amount due, if any, under Section 3.1, 3.2, 3.4 or 3.5. Such written statement shall set forth in reasonable detail the calculations upon which such Lender determined such amount and shall be final, conclusive and
binding on the Borrowers in the absence of manifest error. Determination of amounts payable under such Sections in connection with a Eurocurrency Loan shall be calculated as though each Lender funded its Eurocurrency Loan through the purchase of a
deposit of the type, currency and maturity corresponding to the deposit used as a reference in determining the Eurocurrency Rate applicable to such Loan, whether in fact that is the case or not. Unless otherwise provided herein, the amount specified
in the written statement of any Lender shall be payable on demand after receipt by the Company of such written statement. The obligations of the Borrowers under Sections 3.1, 3.2, 3.4 and 3.5 shall survive payment of the Obligations and termination
of this Agreement. Failure or delay on the part of any Lender or any LC Issuer to demand compensation pursuant to Sections 3.1, 3.2, 3.4 or 3.5 shall not constitute a waiver of such Lender’s or such LC Issuer’s right to demand such
compensation; provided that the Borrower shall not be required to compensate a Lender or any LC Issuer (or such Lender’s or LC Issuer’s holding company) for any amounts payable pursuant to Section 3.1, 3.2, 3.4 or 3.5 incurred
more than 180 days prior to the date such Lender or LC Issuer notifies the Borrowers of the applicable Change in Law (as described in Section 3.1), the applicable Change in Capital Adequacy Regulations (as described in Section 3.2), the
applicable event giving rise to funding indemnification (as described in Section 3.4) or the applicable Taxes (as described in Section 3.5) and of such Lender’s or such LC Issuer’s intention, as the case may be, to claim
compensation therefor; provided, further that, if any Change in Law or Change in Capital Adequacy Regulations or Taxes giving rise to such requested amounts is retroactive, then the 180-day period referred to above shall be extended to
include the period of retroactive effect thereof. 
 3.7. Alternative Lending Installation. To the extent reasonably
possible, each Lender shall designate an alternate Lending Installation with respect to its Eurocurrency Loans to reduce any liability of the Borrowers to such Lender under Sections 3.1, 3.2 and 3.5 or to avoid the unavailability of Eurocurrency
Advances under Section 3.3, so long as such designation is not, in the judgment of such Lender, reasonably disadvantageous to such Lender. A Lender’s designation of an alternative Lending Installation shall not affect any Borrower’s
rights under Section 2.23 to replace a Lender. 

  
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 ARTICLE IV 
 CONDITIONS PRECEDENT 
 4.1. Effectiveness of this Agreement. This
Agreement shall not become effective, unless on or before December 16, 2011, the following conditions precedent have been satisfied and the Company has furnished to the Agent with sufficient copies for the Lenders: 

4.1.1 Copies of the articles or certificate of incorporation (or the equivalent thereof) of each Credit Party, in each
case, together with all amendments thereto, and a certificate of good standing, each certified by the appropriate governmental officer in its jurisdiction of organization and accompanied by a certification by the Secretary or Assistant Secretary of
such Credit Party that there have been no changes in the matters certified by such governmental officer since the date of such governmental officer’s certification. 

4.1.2 Copies, certified by the Secretary or Assistant Secretary (or the equivalent thereof) of each Credit Party, in each
case, of its by-laws and of its Board of Directors’ resolutions and of resolutions or actions of any other body authorizing the execution of the Loan Documents to which such Credit Party is a party. 

4.1.3 An incumbency certificate, executed by the Secretary or Assistant Secretary (or the equivalent thereof) of each
Credit Party which shall identify by name and title and bear the signatures of the Authorized Officers and any other officers of each such Credit Party authorized to sign the Loan Documents to which it is a party, upon which certificate the Agent
and the Lenders shall be entitled to rely until informed of any change in writing by the applicable Credit Party. 
 4.1.4 A certificate reasonably acceptable to the Agent signed by the chief financial officer of the Company, stating that on the Closing Date (a) no Default or Unmatured Default has occurred and is
continuing, (b) all of the representations and warranties in Article V shall be true and correct as of such date and (c) no material adverse change in the business, Property, condition (financial or otherwise), operations or results of
operations, performance or prospects of the Company and its Subsidiaries taken as a whole has occurred since April 30, 2011. 

  
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 4.1.5 Written opinion of Matthew Levitt, counsel to the Credit Parties, in
form and substance reasonably satisfactory to the Agent and addressed to the Lenders in substantially the form of Exhibit A hereto. 
 4.1.6 Duly executed originals of this Agreement from each of the Credit Parties parties thereto and duly executed originals of any Note(s) requested by a Lender pursuant to Section 2.15 payable to
the order of each such requesting Lender. 
 4.1.7 Satisfactory financial statement projections through and
including the Company’s 2016 fiscal year, together with such information as Agent may reasonably request to confirm the tax, legal and business assumptions made in such projections. 

4.1.8 Evidence satisfactory to the Agent that the Company has paid to the Agent, the Arrangers and the Lenders all fees
and other amounts due and payable on or prior to the Closing Date, including (i) the fees agreed to in the Fee Letter and (ii) reimbursement or payment of all expenses required to be reimbursed or paid by the Company hereunder for which
invoices have been presented on or before the Closing Date. 
 4.1.9 Evidence satisfactory to the Agent of the
termination and cancellation of, and prepayment of all the obligations under, the Amended and Restated Credit Agreement, dated as of November 28, 2007, among the Company, the Subsidiary Borrowers, the lenders party thereto and JPMorgan Chase,
as administrative agent. 
 4.1.10 Evidence satisfactory to the Agent of the absence of any injunction or
temporary restraining order which, in the judgment of the Agent or the Lenders would prohibit the making of the Revolving Loans or the transactions contemplated by this Agreement and absence of litigation which would reasonably be expected to result
in a Material Adverse Effect. 
 4.1.11 Such other documents as any Lender or its counsel may have reasonably
requested, including, without limitation, those documents set forth in Exhibit F hereto. 
 4.2. Each Credit Extension.
The Lenders shall not (except as otherwise set forth in Section 2.3.4 with respect to Revolving Loans extended for the purpose of repaying Swing Line Loans) be required to make any Credit Extension unless on the applicable Credit Extension
Date: 
 4.2.1 At the time of and immediately after giving effect to such Credit Extension, there exists no
Default or Unmatured Default. 
 4.2.2 The representations and warranties contained in Article V are true and
correct as of such Credit Extension Date except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct on and as of such earlier
date. 

  
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 4.2.3 All legal matters incident to the making of such Credit Extension
shall be satisfactory to the Lenders and their counsel. 
 Each Borrowing Notice, request for issuance of a Facility LC or Swing
Line Borrowing Notice, as the case may be, or request for Modification of a Facility LC, with respect to each such Credit Extension shall constitute a representation and warranty by the applicable Borrower that the conditions contained in Sections
4.2.1, 4.2.2 and 4.2.3 have been satisfied. 
 4.3. Initial Advance to Each New Subsidiary Borrower. The Lenders shall
not be required to make a Credit Extension hereunder to a new Subsidiary Borrower added after the Closing Date unless (a) the conditions contained in Section 4.2 have been satisfied and (b) the Company has furnished or caused to be
furnished to the Agent with sufficient copies for the Lenders: 
 4.3.1 The Assumption Letter executed and
delivered by such Subsidiary Borrower and containing the acknowledgment of the Agent and the written consent of the Borrowers, as contemplated by Section 2.25. 

4.3.2 Copies of the articles or certificate of incorporation (or the equivalent thereof) of such Subsidiary Borrower,
together with all amendments thereto, and a certificate of good standing, each certified by the appropriate governmental officer in its jurisdiction of organization and accompanied by a certification by the Secretary or Assistant Secretary of such
Subsidiary Borrower that there have been no changes in the matters certified by such governmental officer since the date of such governmental officer’s certification. 

4.3.3 Copies, certified by the Secretary or Assistant Secretary (or the equivalent thereof) of such Subsidiary Borrower of
its by-laws and of its Board of Directors’ resolutions and of resolutions or actions of any other body authorizing the execution of the Loan Documents to which such Subsidiary Borrower is a party. 

4.3.4 An incumbency certificate, executed by the Secretary or Assistant Secretary (or the equivalent thereof) of such
Subsidiary Borrower which shall identify by name and title and bear the signatures of the Authorized Officers and any other officers of such Subsidiary Borrower authorized to sign the Loan Documents to which it is a party, upon which certificate the
Agent and the Lenders shall be entitled to rely until informed of any change in writing by such Subsidiary Borrower. 
 4.3.5 An opinion of counsel to such Subsidiary Borrower, substantially in the form of Exhibit A hereto. 

  
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 ARTICLE V 
 REPRESENTATIONS AND WARRANTIES 
 Each Borrower represents and warrants to
each Lender, LC Issuer and the Agent as of each of (i) the Closing Date and (ii) each other date as required by Section 4.2: 
 5.1. Existence and Standing. Each of the Company and its Subsidiaries is a corporation, partnership (in the case of Subsidiaries only) or limited liability company duly and properly incorporated or
organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization, (ii) has all requisite corporate, partnership or
limited liability company power and authority, as the case may be, to own, operate and encumber its Property and (iii) is qualified to do business and is in good standing (to the extent such concept applies to such entity) in all jurisdictions
where the nature of the business conducted by it makes such qualification necessary and where failure to so qualify would reasonably be expected to have a Material Adverse Effect. 

5.2. Authorization and Validity. Each Credit Party has the requisite corporate, partnership or limited liability company power and
authority and legal right to execute and deliver the Loan Documents to which it is a party and to perform its obligations thereunder. The execution and delivery by each Credit Party of the Loan Documents to which it is a party and the performance of
its obligations thereunder have been duly authorized by proper corporate, partnership or limited liability company, as the case may be, proceedings, and the Loan Documents to which each Credit Party is a party constitute legal, valid and binding
obligations of such Credit Party enforceable against such Credit Party in accordance with their terms, except as enforceability may be limited by (i) bankruptcy, insolvency, fraudulent conveyances, reorganization or similar laws relating to or
affecting the enforcement of creditors’ rights generally; (ii) general equitable principles (whether considered in a proceeding in equity or at law); and (iii) requirements of reasonableness, good faith and fair dealing. 

5.3. No Conflict; Government Consent. Neither the execution and delivery by any Credit Party of the Loan Documents to which it is
a party, nor the consummation by such Credit Party of the transactions therein contemplated, nor compliance by such Credit Party with the provisions thereof will violate (i) any applicable law, rule, regulation, order, writ, judgment,
injunction, decree or award binding on such Credit Party or (ii) such Credit Party’s articles or certificate of incorporation, partnership agreement, certificate of partnership, articles or certificate of organization, by-laws, or
operating agreement or other management agreement, as the case may be, or (iii) the provisions of any indenture, instrument or agreement to which such Credit Party is a party or is subject, or by which it, or its Property, is bound, or conflict
with, or constitute a default under, or result in, or require, the creation or imposition of any Lien in, of or on the Property of such Credit Party pursuant to the terms of, any such indenture, instrument or agreement. No order, consent,
adjudication, approval, license, authorization, or validation of, or filing, recording or registration with, or exemption by, or other action in respect of any governmental or public body or authority, or any subdivision thereof, which has not been
obtained by any Credit Party, is required to be obtained by such Credit Party in connection with the execution and delivery of the Loan Documents, the borrowings under this Agreement, the payment and performance by the Credit Parties of the
Obligations or the legality, validity, binding effect or enforceability of any of the Loan Documents. 

  
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 5.4. Financial Statements. The April 30, 2011 consolidated financial statements
of the Company and its Subsidiaries heretofore delivered to the Agent and the Lenders, were prepared in accordance with generally accepted accounting principles in effect on the date such statements were prepared and fairly present the consolidated
financial condition and operations of the Company and its Subsidiaries, at such date and the consolidated results of their operations for the period then ended. 
 5.5. Material Adverse Change. Since April 30, 2011, or, in the case of any increase of the Aggregate Revolving Loan Commitment or issuance of Term Loans pursuant to Section 2.5.3, the
first day of the Company’s most recently completed fiscal year in respect of which the Company has delivered financial statements in accordance with Section 6.1 hereof, there has been no change in the business, Property, condition
(financial or otherwise), operations or results of operations, performance or prospects of the Company and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect. 

5.6. Taxes. The Company and the Subsidiaries have filed all United States federal tax returns and all other tax returns which are
required to be filed and have paid all taxes due pursuant to said returns or pursuant to any assessment received by the Company or any Subsidiaries, except in respect of such taxes, if any, as are being contested in good faith and as to which
adequate reserves have been provided in accordance with Agreement Accounting Principles and as to which no Lien exists (except as permitted by Section 6.15.1) and as to which the failure to file such return or pay such taxes could not
reasonably be expected to have a Material Adverse Effect. The United States income tax returns of the Company and the Subsidiaries have been audited by the Internal Revenue Service through the fiscal year ended April 30, 2005. No liens have
been filed and no claims are being asserted with respect to such taxes. The charges, accruals and reserves on the books of the Company and the Subsidiaries in respect of any taxes or other governmental charges are adequate. 

5.7. Litigation and Contingent Obligations. There is no litigation, arbitration, governmental investigation, proceeding or inquiry
pending or, to the knowledge of any of their officers, threatened against or affecting the Company or any Subsidiaries which could reasonably be expected to have a Material Adverse Effect or which seeks to prevent, enjoin or delay the making of any
Loans. Other than any liability incident to any litigation, arbitration or proceeding which could not reasonably be expected to have a Material Adverse Effect, the Company and its Subsidiaries has no material contingent obligations required to be
reflected on the Company’s consolidated balance sheet in accordance with generally accepted accounting principles and not provided for or disclosed in the financial statements referred to in Section 5.4. 

5.8. Subsidiaries. Schedule 5.8 contains an accurate list of all Subsidiaries of the Company as of the Closing Date, setting forth
their respective jurisdictions of organization and the percentage of their respective capital stock or other ownership interests owned by the Company or other Subsidiaries. All of the issued and outstanding shares of capital stock or other ownership
interests of such Subsidiaries have been (to the extent such concepts are relevant with respect to such ownership interests) duly authorized and issued and are fully paid and non-assessable. 

  
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 5.9. ERISA. The Unfunded Liabilities of all Single Employer Plans do not in the
aggregate exceed $10,000,000. Neither the Company nor any other member of the Controlled Group has incurred, or is reasonably expected to incur, pursuant to Section 4201 of ERISA, any withdrawal liability to Multiemployer Plans. Each Plan
complies in all material respects with all applicable requirements of law and regulations. No Reportable Event has occurred with respect to any Plan. Neither the Company nor any other member of the Controlled Group has withdrawn from any
Multiemployer Plan within the meaning of Title IV of ERISA or initiated steps to do so, and, to the knowledge of the Company, no steps have been taken to reorganize or terminate, within the meaning of Title IV of ERISA, any Multiemployer Plan.

 5.10. Accuracy of Information. (a) All information, exhibits or reports (other than the projected and pro-forma
financial information referenced in clause (b) below (the “Projections”)) furnished by the Company or any Subsidiary to the Agent or to any Lender in connection with the negotiation of, or compliance with, the Loan Documents
are, when furnished, complete and correct in all material respects and do not, when furnished, contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein, in light of the
circumstances under which they were made, not materially misleading and (b) the Projections furnished by or on behalf of any Credit Party to the Agent or any Lender in connection with the negotiation of, or compliance with, the Loan Documents,
were prepared in good faith based upon assumptions believed to be reasonable at the time. 
 5.11. Regulation U. Neither
the Company nor any Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate of buying or carrying margin stock (as defined in Regulation
U), and after applying the proceeds of each Credit Extension, margin stock (as defined in Regulation U) constitutes less than 25% of the value of those assets of the Company and the Subsidiaries which are subject to any limitation on sale, pledge,
or any other restriction hereunder. 
 5.12. Material Agreements. Neither the Company nor any Subsidiary is a party to
any agreement or instrument or subject to any charter or other corporate restriction which could reasonably be expected to have a Material Adverse Effect. Neither the Company nor any Subsidiary is in default in the performance, observance or
fulfillment of any of the obligations, covenants or conditions contained in (i) any agreement or instrument to which it is a party, which default could reasonably be expected to have a Material Adverse Effect or (ii) any agreement or
instrument evidencing or governing Indebtedness. 
 5.13. Compliance With Laws. The Company and the Subsidiaries have
complied in all material respects with all applicable statutes, rules, regulations, orders and restrictions of any domestic or foreign government or any instrumentality or agency thereof having jurisdiction over the conduct of their respective
businesses or the ownership of their respective Property except for any failure to comply with any of the foregoing which could not reasonably be expected to have a Material Adverse Effect. 

  
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 5.14. Ownership of Properties. The Company and the Subsidiaries have good title,
free of all Liens other than those permitted by Section 6.15, to all of the assets reflected in the Company’s most recent consolidated financial statements provided to the Agent, as owned by the Company and the Subsidiaries except
(i) assets sold or otherwise transferred as permitted under Section 6.12 and (ii) to the extent the failure to hold such title could not reasonably be expected to have a Material Adverse Effect. 

5.15. Plan Assets; Prohibited Transactions. None of the Credit Parties is an entity deemed to hold “plan assets” within
the meaning of 29 C.F.R. § 2510.3-101 of an employee benefit plan (as defined in Section 3(3) of ERISA) which is subject to Title I of ERISA or any plan (within the meaning of Section 4975 of the Code), and assuming the accuracy of
the representations and warranties made in Section 9.12 and in any assignment made pursuant to Section 12.3.3, neither the execution of this Agreement nor the making of Loans hereunder gives rise to a prohibited transaction within the
meaning of Section 406 of ERISA or Section 4975 of the Code. 
 5.16. Environmental Matters. In the ordinary
course of its business, the officers of the Company and the Subsidiaries consider the effect of Environmental Laws on the business of the Company and the Subsidiaries, in the course of which they identify and evaluate potential risks and liabilities
accruing to the Company or any Subsidiary due to Environmental Laws. On the basis of this consideration, the Company has concluded that Environmental Laws cannot reasonably be expected to have a Material Adverse Effect. Neither the Company nor any
Subsidiary has received any notice to the effect that its operations are not in material compliance with any of the requirements of applicable Environmental Laws or are the subject of any federal or state investigation evaluating whether any
remedial action is needed to respond to a release of any toxic or hazardous waste or substance into the environment, which non-compliance or remedial action could reasonably be expected to have a Material Adverse Effect. 

5.17. Investment Company Act. Neither the Company nor any Subsidiary is an “investment company” or a company
“controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. 
 5.18. [RESERVED]. 
 5.19. Insurance. The Company maintains, and has
caused each Subsidiary to maintain, with financially sound and reputable insurance companies insurance on all their Property in such amounts, subject to such deductibles and self-insurance retentions and covering such properties and properties and
risks as is consistent with sound business practice. 
 5.20. Solvency. After giving effect to (i) the Credit
Extensions to be made on the Closing Date or such other date as Credit Extensions requested hereunder are made, (ii) the other transactions contemplated by this Agreement and the other Loan Documents, and (iii) the payment and accrual of
all transaction costs with respect to the foregoing, the Company and its Subsidiaries taken as a whole are Solvent. 
 5.21.
No Default or Unmatured Default. No Default or Unmatured Default has occurred and is continuing. 

  
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 5.22. Reportable Transaction. No Borrower intends to treat the Advances and related
transactions as being a “reportable transaction” (within the meaning of the Treasury Regulation Section 1.6011-4). In the event any Borrower determines to take any action inconsistent with such intention, it will promptly notify the
Agent thereof. Each Borrower acknowledges that one or more of the Lenders may treat its Advances as part of a transaction that is subject to Treasury Regulation Section 1.6011-4 or Section 301.6112-1, and the Agent and such Lender or
Lenders, as applicable, may file such IRS forms or maintain such lists and other records as they may determine is required by such Treasury Regulations. 
 5.23. Post-Retirement Benefits. The present value of the expected cost of post-retirement medical and insurance benefits payable by the Company and its Subsidiaries to its employees and former
employees, as estimated by the Company in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero. 
 ARTICLE VI 
 COVENANTS 

During the term of this Agreement, unless the Required Lenders shall otherwise consent in writing: 

6.1. Financial Reporting. The Company will maintain, for itself and each Subsidiary, a system of accounting established and
administered in accordance with generally accepted accounting principles, and furnish to the Lenders: 
 6.1.1
Within 90 days after the close of each of the Company’s fiscal years, commencing with the fiscal year ending April 28, 2012, financial statements prepared in accordance with Agreement Accounting Principles on a consolidated basis, for
itself and its Subsidiaries, including balance sheets as of the end of such period, statements of income and statements of cash flows, accompanied by (a) an audit report, unqualified as to scope, of a nationally recognized firm of independent
public accountants or other independent public accountants reasonably acceptable to the Required Lenders; (b) any management letter prepared by said accountants, and (c) a certificate of said accountants that, in the course of their
examination necessary for their certification of the foregoing, they have obtained no knowledge of any Default or Unmatured Default, or if, in the opinion of such accountants, any Default or Unmatured Default shall exist, stating the nature and
status thereof. 
 6.1.2 Within 45 days after the close of the first three quarterly periods of each of the
Company’s fiscal years, commencing with the fiscal quarter ending October 29, 2011, for the Company and its Subsidiaries, consolidated unaudited balance sheets as at the close of each such period and consolidated statements of income and a

  
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statement of cash flows for the period from the beginning of such fiscal year to the end of such quarter, all certified as to fairness of presentation, compliance with Agreement Accounting
Principles and consistency by its chief financial officer or treasurer. 
 6.1.3 Together with the financial
statements required under Sections 6.1.1 and 6.1.2, a compliance certificate in substantially the form of Exhibit B signed by its chief financial officer or treasurer showing the calculations necessary to determine compliance with this Agreement,
which certificate shall also state that no Default or Unmatured Default exists, or if any Default or Unmatured Default exists, stating the nature and status thereof, and a certificate executed and delivered by the chief executive officer or chief
financial officer stating that the Company and each of its respective principal officers are in compliance with all requirements of Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002 and all rules and regulations related
thereto. 
 6.1.4 Within 120 days after the close of each of the Company’s fiscal years, a copy of the plan
and forecast (including a projected balance sheet, income statements and funds flow statements, and any narrative prepared with respect thereto) of the Company and its Subsidiaries for the upcoming fiscal year prepared in such detail as shall be
reasonably satisfactory to the Agent. 
 6.1.5 Within 270 days after the close of each fiscal year of the
Company, if applicable, a copy of the actuarial report showing the Unfunded Liabilities of each Single Employer Plan as of the valuation date occurring in such fiscal year, certified by an actuary enrolled under ERISA. 

6.1.6 As soon as possible and in any event within 10 days after any Borrower knows that any Reportable Event has occurred
with respect to any Plan, a statement, signed by the chief financial officer or treasurer of the Company, describing said Reportable Event and the action which the Company proposes to take with respect thereto. 

6.1.7 As soon as possible and in any event within 10 days after receipt by the Company or any Subsidiary, a copy of
(a) any notice or claim to the effect that the Company or any Subsidiary is or may be liable to any Person as a result of the release by the Company, any Subsidiary, or any other Person of any toxic or hazardous waste or substance into the
environment, and (b) any notice alleging any violation of any Environmental Law by the Company or any Subsidiary, which, in either case, could reasonably be expected to have a Material Adverse Effect. 

  
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 6.1.8 Promptly upon the furnishing thereof to the shareholders of the
Company, copies of all financial statements, reports and proxy statements so furnished. 
 6.1.9 Promptly upon
the filing thereof, copies of all registration statements and annual, quarterly, monthly or other regular reports which the Company or any Subsidiary files with the SEC, including, without limitation, all certifications and other filings required by
Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002 and all rules and regulations related thereto. 
 6.1.10 Prior to the execution thereof, draft copies of all material amendments to the 2011 Note Purchase Agreement, the 2011 Senior Notes, the 2008 Note Purchase Agreement, the 2008 Senior Notes and any
notes, indenture or other agreements evidencing Indebtedness incurred pursuant to Section 6.14.12. 
 6.1.11
Such other information (including non-financial information) as the Agent or any Lender may from time to time reasonably request. 
 6.2. Use of Proceeds. Each Borrower will use the proceeds of the Revolving Loans for general corporate purposes including, without limitation, for working capital, repayment of certain existing
Indebtedness of the Borrowers, capital expenditures permitted under this Agreement, Permitted Acquisitions and distributions permitted under Section 6.10 and to pay fees and expenses incurred in connection with this Agreement. The Borrowers
shall use the proceeds of Credit Extensions in compliance with all applicable legal and regulatory requirements and any such use shall not result in a violation of any such requirements, including, without limitation, Regulation U and X, the
Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder. 
 6.3. Notice of Default. Within five (5) Business Days after an Authorized Officer of any Borrower becomes aware thereof, such Borrower will, and the Company will cause each other Subsidiary
to, give notice in writing to the Lenders of the occurrence of (i) any Default or Unmatured Default, (ii) the occurrence of any Off-Balance Sheet Trigger Event or any material default under or with respect to any Material Indebtedness or
any material service agreement to which the Company or any Subsidiary is a party (together with copies of all default notices, if any, pertaining thereto) and (iii) any other development, financial or otherwise, which could reasonably be
expected to have a Material Adverse Effect. 
 6.4. Conduct of Business. Each Borrower will, and the Company will cause
each other Subsidiary to, carry on and conduct its business in substantially the same manner and in substantially the same fields of enterprise as conducted by the Company or its Subsidiaries as of the Closing Date, and do all things necessary to
remain duly incorporated or organized, validly existing and (to the extent such concept applies to such entity) in good standing as a domestic corporation, partnership or limited liability company in its jurisdiction of incorporation or
organization, as the case may be, as in effect on the Closing Date, and, except to the extent failure to do so could not reasonably be expected to have a Material Adverse Effect, maintain all requisite authority to conduct its business in each
jurisdiction in which its business is conducted. 

  
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 6.5. Taxes. Each Borrower will, and the Company will cause each other Subsidiary to,
timely file complete and correct United States federal and applicable foreign, state and local tax returns required by law and pay when due all taxes, assessments and governmental charges and levies upon it or its income, profits or Property, except
(i) those which are being contested in good faith by appropriate proceedings and with respect to which adequate reserves have been set aside in accordance with Agreement Accounting Principles and (ii) those taxes, assessments, charges and
levies which by reason of the amount involved or the remedies available to the applicable taxing authority could not reasonably be expected to have a Material Adverse Effect. 
 6.6. Insurance. Each Borrower will, and the Company will cause each other Subsidiary to, maintain with financially sound and reputable insurance companies insurance on all their Property in such
amounts, subject to such deductibles and self-insurance retentions, and covering such properties and risks as is consistent with sound business practice, and the Company will furnish to any Lender upon request full information as to the insurance
carried. 
 6.7. Compliance with Laws. Each Borrower will, and the Company will cause each other Subsidiary to, comply
with all laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject including, without limitation, all Environmental Laws and Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002,
except where the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 6.8. Maintenance of Properties. Subject to Section 6.12, each Borrower will, and the Company will cause each other Subsidiary to, do all things necessary to maintain, preserve, protect and
keep its Property used in the operation of its business in good repair, working order and condition (ordinary wear and tear excepted), and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection
therewith may be properly conducted at all times, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

6.9. Inspection; Keeping of Books and Records. Each Borrower will, and the Company will cause each other Subsidiary to, permit the
Agent and the Lenders, by their respective representatives and agents, to inspect any of the Property, books and financial records of the Company and each Subsidiary, to examine and make copies of the books of accounts and other financial records of
the Company and each Subsidiary, and to discuss the affairs, finances and accounts of the Company and each Subsidiary with, and to be advised as to the same by, their respective officers at such reasonable times and intervals as the Agent or any
Lender may designate. Each Borrower shall keep and maintain, and the Company shall cause each of the other Subsidiaries to keep and maintain, in all material respects, complete, accurate and proper books of record and account in which entries in
conformity with Agreement Accounting Principles shall be made of all dealings and transactions in relation to their respective businesses and activities. If a Default has occurred and is continuing, the Company, upon the Agent’s request, shall
turn over copies of any such records to the Agent or its representatives. 

  
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 6.10. Dividends. No Borrower will, nor will the Company permit any other Subsidiary
to, declare or pay any dividend or make any distribution on its capital stock (other than dividends payable in its own capital stock) or redeem, repurchase or otherwise acquire or retire any of its capital stock at any time outstanding, except that
(i) any Subsidiary of the Company may declare and pay dividends or make distributions to any Borrower or to a Guarantor and (ii) the Company may declare and pay dividends on its capital stock, and may repurchase shares of its capital stock
provided that (x) no Default or Unmatured Default shall exist before or after giving effect to such dividends (or be created as a result thereof) and (y) the Company shall be in compliance with the financial covenants set forth in
Sections 6.20 and 6.21 for the four fiscal quarter period reflected in the compliance certificate most recently delivered to the Agent pursuant to Section 6.1.3 prior to the payment of such dividend or such repurchase (after giving effect to
the issuance of any Indebtedness in connection therewith and such dividend or repurchase as if made on the first day of such period). 
 6.11. Merger. No Borrower will, nor will the Company permit any other Subsidiary to, merge or consolidate with or into any other Person, except that: 

6.11.1 (x) A Subsidiary Borrower may merge into (i) the Company, provided the Company shall be the continuing
or surviving corporation, or (ii) another Subsidiary Borrower or any other Person that becomes a Subsidiary Borrower promptly upon the completion of the applicable merger or consolidation, and (y) a Guarantor may merge into (i) any
Borrower, provided such Borrower shall be the continuing or surviving corporation, or (ii) another Guarantor or any other Person that becomes a Guarantor promptly upon the completion of the applicable merger or consolidation. 

6.11.2 A Subsidiary that is not a Guarantor or Subsidiary Borrower and not required to be a Guarantor may merge or
consolidate with or into the Company or any Wholly-Owned Subsidiary. 
 6.11.3 Any Subsidiary of the Company may
consummate any merger or consolidation in connection with any Permitted Acquisition. 
 6.12. Sale of Assets. No Borrower
will, nor will the Company permit any other Subsidiary to, lease, sell, transfer or otherwise dispose of its Property to any other Person, except: 
 6.12.1 Sales of inventory in the ordinary course of business. 

6.12.2 A disposition of assets (i) by the Company or any Subsidiary to any Credit Party, (ii) by a Subsidiary
that is not a Credit Party and not required to be a Guarantor to any other Subsidiary and (iii) subject to Section 6.24, by any Credit Party to any Foreign Subsidiary. 

  
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 6.12.3 A disposition of obsolete property or property no longer used in the
business of the Company or any Subsidiary. 
 6.12.4 So long as no Default or Unmatured Default has occurred, a
disposition of assets for an aggregate purchase price of up to $700,000,000 outstanding at any time pursuant to, and in accordance with, the Receivables Purchase Facilities. 

6.12.5 The license or sublicense of software, trademarks, and other intellectual property in the ordinary course of
business which do not materially interfere with the business of the Company or any Subsidiary. 
 6.12.6
Consignment arrangements (as consignor or consignee) or similar arrangements for the sale of goods in the ordinary course of business and consistent with the past practices of the Company and the Subsidiaries. 

6.12.7 So long as no Default or Unmatured Default shall have occurred and is continuing or would result therefrom, leases,
sales or other dispositions of its Property that (i) are for consideration consisting at least seventy-five percent (75%) of cash, (ii) are for not less than fair market value, and (iii) together with all other Property of the
Company and the Subsidiaries previously leased, sold or disposed of (other than dispositions otherwise permitted by this Section 6.12) as permitted by this Section 6.12.7 during the twelve-month period ending with the month in which any
such lease, sale or other disposition occurs, do not constitute in the aggregate a Substantial Portion of the Property of the Company and its Subsidiaries. 
 6.13. Investments and Acquisitions. No Borrower will, nor will the Company permit any other Subsidiary to, make or suffer to exist any Investments (including without limitation, loans and advances
to, and other Investments in, Subsidiaries), or to create any Subsidiary or to become or remain a partner in any partnership or joint venture, or to make any Acquisition of any Person, except: 

6.13.1 Subject to Section 6.24, cash and Cash Equivalent Investments and other Investments that comply with the
Company’s investment policy as in effect on the Closing Date, a copy of which the Company has provided to the Agent. 
 6.13.2 The 2006 ESOP Note, the Thompson Note and other existing Investments in Subsidiaries and other Investments in existence on the Closing Date and described in Schedule 6.13 and any renewal or
extension of any such Investments that does not increase the amount of the Investment being renewed or extended as determined as of such date of renewal or extension. 

  
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 6.13.3 Investments in trade receivables or received in connection with the
bankruptcy or reorganization of suppliers and customers and in settlement of delinquent obligations of, and other disputes with, customers and suppliers arising in the ordinary course of business. 

6.13.4 Investments consisting of intercompany loans permitted under Section 6.14.6. 

6.13.5 All Acquisitions meeting the following requirements or otherwise approved by the Required Lenders (each such
Acquisition constituting a “Permitted Acquisition”): 
  

	(i)	as of the date of the consummation of such Acquisition, no Default or Unmatured Default shall have occurred and be continuing or would result from such Acquisition, and
the representation and warranty contained in Section 5.11 shall be true both before and after giving effect to such Acquisition; 

  

	(ii)	such Acquisition is consummated on a non-hostile basis pursuant to a negotiated acquisition agreement approved by the board of directors or other applicable governing
body of the seller or entity to be acquired, and no material challenge to such Acquisition (excluding the exercise of appraisal rights) shall be pending or threatened in writing by any shareholder or director of the seller or entity to be acquired;

  

	(iii)	the business to be acquired in such Acquisition is similar or related to one or more of the lines of business in which the Company and the Subsidiaries are engaged on
the Closing Date; 

  

	(iv)	as of the date of the consummation of such Acquisition, all material governmental and corporate approvals required in connection therewith shall have been obtained;

  

	(v)	the Purchase Price for each such Acquisition together with the Purchase Price of all other Permitted Acquisitions shall (A) not be subject to limitation so long as
the Leverage Ratio as of the last day of the fiscal quarter of the Company referred to in the most recent Financials calculated on a pro forma basis (giving effect to such Permitted Acquisition as if made on the first day of such period) shall be
3.25 to 1.00 or lower after giving effect to such Acquisition and (B) not exceed $100,000,000 if the Leverage Ratio as of the last day of the fiscal quarter of the Company referred to in the most recent Financials calculated on a pro forma
basis (giving effect to such Permitted Acquisition as if made on the first day of such period) shall be greater than 3.25 to 1.00 after giving effect to such Acquisition; 

  
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	(vi)	with respect to each Permitted Acquisition with respect to which the Purchase Price shall be greater than $50,000,000, not less than fifteen (15) days prior to the
consummation of such Permitted Acquisition, the Company shall have delivered to the Agent a pro forma consolidated balance sheet, income statement and cash flow statement of the Company and the Subsidiaries (the “Acquisition Pro Forma”),
based on the Company’s most recent financial statements delivered pursuant to Section 6.1.1 and using historical financial statements for the acquired entity provided by the seller(s) or which shall be complete and shall fairly present, in
all material respects, the financial condition and results of operations and cash flows of the Company and its Subsidiaries in accordance with Agreement Accounting Principles, but taking into account such Permitted Acquisition and the repayment of
any Indebtedness in connection with such Permitted Acquisition, and such Acquisition Pro Forma shall reflect that, on a pro forma basis, the Company would have been in compliance with the financial covenants set forth in Sections 6.20, 6.21 and 6.22
for the four fiscal quarter period reflected in the compliance certificate most recently delivered to the Agent pursuant to Section 6.1.3 prior to the consummation of such Permitted Acquisition (giving effect to such Permitted Acquisition as if
made on the first day of such period); and 

  

	(vii)	prior to (or, with respect to clause (A) below, concurrently with) the consummation of each such Permitted Acquisition, the Company shall deliver to the Agent a
documentation, information and certification package in form and substance acceptable to the Agent, including, without limitation; 

  

	 	(A)	to the extent required under Section 6.23, a supplement to the Guaranty if the Permitted Acquisition is an Acquisition of equities and the target company will not
be merged with the Company or any other Borrower; 

  

	 	(B)	the financial statements of the target entity together with any pro forma financial statements, projections, forecasts and budgets prepared by the Company in connection
therewith; 

  

	 	(C)	a copy of the acquisition agreement for such Acquisition, together with drafts of the material schedules thereto; 

 

	 	(D)	a copy of all documents, instruments and agreements with respect to any Indebtedness to be incurred or assumed in connection with such Acquisition; and

  

	 	(E)	such other documents or information as shall be reasonably requested by the Agent or any Lender. 

6.13.6 Investments constituting promissory notes and other non-cash consideration received in connection with any transfer
of assets permitted under Section 6.12.7. 
 6.13.7 Customer advances in the ordinary course of business.

  
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 6.13.8 Extensions of customer or trade credit in the ordinary course of
business consistent with the Company’s and the Subsidiaries’ past practices. 
 6.13.9 Investments
constituting Rate Management Transactions permitted under Section 6.17. 
 6.13.10 Subject to
Section 6.24, the creation or formation of new Subsidiaries (as opposed to the Acquisition of new Subsidiaries), so long as all applicable requirements under Section 6.23 shall have been, or concurrently therewith are, satisfied.

 6.13.11 Investments constituting expenditures for any purchase or other acquisition of any asset which would
be classified as a fixed or capital asset on a consolidated balance sheet of the Company and its Subsidiaries prepared in accordance with Agreement Accounting Principles to the extent otherwise permitted under this Agreement. 

6.13.12 Investments by (i) the Company and its Subsidiaries in any Credit Party, (ii) any Subsidiary which is
not a Credit Party and is not required to be a Guarantor in any other Subsidiary which is not a Credit Party and is not required to be a Guarantor and (iii) subject to Section 6.24, any Credit Party in any Foreign Subsidiary. 

6.13.13 Deposits made in the ordinary course of business and referred to in Sections 6.15.4, 6.15.6 and 6.15.7.

 6.13.14 (a) cash Investments constituting the initial capitalization of an SPV in connection with the
consummation of any Receivables Purchase Facility permitted under this Agreement in an aggregate amount (calculated based on aggregate of the initial cash capitalization amount of each such SPV) not to exceed $10,000,000, and (b) other
Investments in connection with any Receivables Purchase Facility permitted under this Agreement (including intercompany Indebtedness permitted under Section 6.14.4(b)). 

6.13.15 Additional Investments in an amount not to exceed $35,000,000 at any one time outstanding. 

6.14. Indebtedness. No Borrower will, nor will the Company permit any other Subsidiary to, create, incur or suffer to exist any
Indebtedness, except: 
 6.14.1 The Obligations. 

6.14.2 Indebtedness existing on the Closing Date and described in Schedule 6.14, and any replacement, renewal, refinancing
or extension of any such Indebtedness that (i) does not 

  
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exceed the aggregate principal amount (plus accrued interest and any applicable premium and associated fees and expenses) of the Indebtedness being replaced, renewed, refinanced or extended,
(ii) does not have a Weighted Average Life to Maturity at the time of such replacement, renewal, refinancing or extension that is less than the Weighted Average Life to Maturity of the Indebtedness being replaced, renewed, refinanced or
extended and (iii) does not rank at the time of such replacement, renewal, refinancing or extension senior to the Indebtedness being replaced, renewed, refinanced or extended. 

6.14.3 Indebtedness arising under Rate Management Transactions permitted under Section 6.17; 

6.14.4 (a) Amounts owing under the Receivables Purchase Facilities, the principal amount of which shall not exceed
$700,000,000 in the aggregate at any time and (b) subordinated intercompany Indebtedness owing to the Company or any Subsidiary of the Company by any SPV in connection with a Receivables Purchase Facility permitted hereunder. 

6.14.5 Secured or unsecured purchase money Indebtedness (including Capitalized Leases) incurred by the Company or any
Subsidiary after the Closing Date to finance the acquisition of assets used in its business, if (1) at the time of such incurrence, no Default or Unmatured Default has occurred and is continuing or would result from such incurrence,
(2) such Indebtedness does not exceed the lower of the fair market value or the cost of the applicable fixed assets on the date acquired, (3) such Indebtedness does not exceed $10,000,000 in the aggregate outstanding at any time, and
(4) any Lien securing such Indebtedness is permitted under Section 6.15 (such Indebtedness being referred to herein as “Permitted Purchase Money Indebtedness”). 

6.14.6 Indebtedness arising from intercompany loans and advances made by (i) the Company or any Subsidiary to any
Credit Party, (ii) any Subsidiary that is not a Credit Party to any other Subsidiary that is not a Credit Party or (iii) subject to Section 6.24, any Credit Party to any Foreign Subsidiary; provided that all such Indebtedness
shall be expressly subordinated to the Obligations. 
 6.14.7 Indebtedness incurred or assumed by the Company or
any Subsidiary in connection with a Permitted Acquisition but not created in contemplation of such event. 

6.14.8 Indebtedness constituting Contingent Obligations otherwise permitted by Section 6.19. 

  
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 6.14.9 Indebtedness under (i) performance bonds and surety bonds and
(ii) bank overdrafts outstanding for not more than two (2) Business Days, in each case incurred in the ordinary course of business. 
 6.14.10 To the extent the same constitutes Indebtedness, obligations in respect of earn-out arrangements permitted pursuant to a Permitted Acquisition. 

6.14.11 Unsecured Indebtedness arising under (i) the 2011 Note Purchase Agreement and the 2011 Senior Notes (and any
guarantees in respect thereof) and (ii) the 2008 Note Purchase Agreement and the 2008 Senior Notes (and any guarantees in respect thereof), and, in the case of this clause 6.14.11, (x) no Default or Unmatured Default shall be continuing as
of the date of issuance thereof and the Company shall be in compliance with the financial covenants set forth in Sections 6.20 and 6.21 for the four quarter fiscal period reflected in the compliance certificate most recently delivered (prior to the
issuance and use of proceeds of such Indebtedness) to the Agent pursuant to Section 6.1.3 after giving effect to the issuance of such Indebtedness (and the use of proceeds thereof) as if made on the first day of such period, and (y) such
Indebtedness shall have a maturity date no earlier than the later to occur of (A) the Revolving Loan Termination Date and (B) the maturity date of the 2008 Term Loan Agreement, shall not provide for any mandatory principal prepayments or
amortization prior to the later to occur of (A) the Revolving Loan Termination Date and (B) the maturity date of the 2008 Term Loan Agreement, and, if secured, the holders of such Indebtedness shall have entered into an intercreditor
agreement in form and substance reasonably acceptable to the Agent. 
 6.14.12 Additional unsecured Indebtedness
in an aggregate principal amount in Dollars not to exceed $350,000,000; provided that (x) no Default or Unmatured Default shall be continuing as of the date of issuance thereof and the Company shall be in compliance with the financial
covenants set forth in Sections 6.20 and 6.21 for the four quarter fiscal period reflected in the compliance certificate most recently delivered (prior to the issuance and use of proceeds of such Indebtedness) to the Agent pursuant to
Section 6.1.3 after giving effect to the issuance of such Indebtedness (and the use of proceeds thereof) as if made on the first day of such period, and (y) such Indebtedness shall have a maturity date no earlier than the later to occur of
(A) the Revolving Loan Termination Date and (B) the maturity date of the 2008 Term Loan Agreement and shall not provide for any mandatory principal prepayments or amortization prior to the later to occur of (A) the Revolving Loan
Termination Date and (B) the maturity date of the 2008 Term Loan Agreement. 

  
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 6.14.13 Unsecured Indebtedness arising under that certain Term Loan Credit
Agreement dated as of March 2008, by and among the Company, as borrower, the Lenders from time to time parties thereto and JPMorgan Chase, as administrative agent, as amended, or otherwise modified from time to time (the “2008 Term Loan
Agreement”). 
 6.15. Liens. No Borrower will, nor will the Company permit any other Subsidiary to, create, incur,
or suffer to exist any Lien in, of or on the Property of the Company or any Subsidiary, except: 
 6.15.1 Liens,
if any, securing Obligations. 
 6.15.2 Liens for taxes, assessments or governmental charges or levies on its
Property if the same shall not at the time be delinquent or thereafter can be paid without penalty, or are being contested in good faith and by appropriate proceedings and for which adequate reserves in accordance with Agreement Accounting
Principles shall have been set aside on its books. 
 6.15.3 Liens imposed by law, such as landlords’, wage
earners’, carriers’, warehousemen’s and mechanics’ liens and other similar liens arising in the ordinary course of business which secure payment of obligations not more than 45 days past due or which are being contested in good
faith by appropriate proceedings and for which adequate reserves in accordance with Agreement Accounting Principles shall have been set aside on its books. 
 6.15.4 Liens arising out of pledges or deposits under worker’s compensation laws, unemployment insurance, old age pensions, or other social security or retirement benefits, or similar legislation.

 6.15.5 Liens existing on the Closing Date and described in Schedule 6.15. 

6.15.6 Deposits securing liability to insurance carriers under insurance or self-insurance arrangements. 

6.15.7 Deposits to secure the performance of bids, trade contracts (other than for borrowed money), leases, statutory
obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business. 

  
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 6.15.8 Easements, reservations, rights-of-way, restrictions, survey
exceptions and other similar encumbrances as to real property of the Company and the Subsidiaries which customarily exist on properties of corporations engaged in similar activities and similarly situated and which are not material in amount and
that do not materially interfere with the conduct of the business of the Company or such Subsidiary conducted at the property subject thereto. 
 6.15.9 Liens arising by reason of any judgment, decree or order of any court or other Governmental Authority, but only to the extent and for an amount and for a period not resulting in a Default under
Section 7.8. 
 6.15.10 Liens on receivables and related assets (including, without limitation, (i) any
interest in the equipment or inventory (including returned or repossessed goods), if any, the sale, financing or lease of which gave rise to the receivables, together with insurance related thereto, (ii) all security interests purporting to
secure payment of the receivables, (iii) all guaranties, insurance, letters of credit or other agreements supporting or securing payment of the receivables, (iv) all contracts associated with the receivables, (v) all collection
accounts and lockbox accounts into which receivables payments are made, (vi) all records relating to the receivables, and (vii) all proceeds of the foregoing) arising in connection with a Receivables Purchase Facility permitted under
Section 6.14.4. 
 6.15.11 Liens existing on any specific fixed asset of any Subsidiary of the Company at
the time such Subsidiary becomes a Subsidiary and not created in contemplation of such event. 
 6.15.12 Liens on
any specific fixed asset securing Indebtedness incurred or assumed for the purpose of financing or refinancing all or any part of the cost of acquiring or constructing such asset; provided that such Lien attaches to such asset concurrently
with or within six (6) months after the acquisition or completion or construction thereof. 
 6.15.13 Liens
existing on any specific fixed asset of any Subsidiary of the Company at the time such Subsidiary is merged or consolidated with or into the Company or any Subsidiary and not created in contemplation of such event. 

6.15.14 Liens existing on any specific fixed asset prior to the acquisition thereof by the Company or any Subsidiary and
not created in contemplation thereof; provided that such Liens do not encumber any other property or assets, other than improvements thereon and proceeds thereof. 

  
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 6.15.15 Liens arising out of the refinancing, extension, renewal or
refunding of any Indebtedness secured by any Lien permitted under Sections 6.15.5, 6.15.11 through 6.15.14; provided that (i) such Indebtedness is not secured by any additional assets, other than improvements thereon and proceeds
thereof, and (ii) the amount of such Indebtedness secured by any such Lien is not increased. 
 6.15.16
Liens securing Permitted Purchase Money Indebtedness; provided that such Liens shall not apply to any property of the Company or any Subsidiary other than that purchased with the proceeds of such Permitted Purchase Money Indebtedness, other
than improvements thereon and proceeds thereof. 
 6.15.17 Liens in respect of Capitalized Lease Obligations to
the extent permitted hereunder and Liens arising under any equipment, furniture or fixtures leases or Property consignments to the Company or any Subsidiary otherwise permitted under the Loan Documents. 

6.15.18 Licenses, leases or subleases granted to others in the ordinary course of business consistent with the
Company’s and the Subsidiaries’ past practices that do not materially interfere with the conduct of the business of the Company and the Subsidiaries taken as a whole. 

6.15.19 Statutory and contractual landlords’ Liens under leases to which the Company or any Subsidiary is a party.

 6.15.20 Liens in favor of a banking institution arising as a matter of applicable law encumbering deposits
(including the right of set-off) held by such banking institutions incurred in the ordinary course of business and which are within the general parameters customary in the banking industry. 

6.15.21 Liens in favor of customs and revenue authorities arising as a matter of applicable law to secure the payment of
customs’ duties in connection with the importation of goods. 
 6.15.22 Any interest or title of a lessor,
sublessor, licensee or licensor under any lease or license agreement permitted by this Agreement. 
 6.15.23
Liens not otherwise permitted under this Section 6.15 to the extent attaching to Properties and assets with an aggregate fair market value not in excess of, and securing liabilities not in excess of, $10,000,000, in the aggregate at any one
time outstanding. 

  
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 6.16. Affiliates. No Borrower will enter into, directly or indirectly, nor will the
Company permit any other Subsidiary to enter into, directly or indirectly, any transaction (including, without limitation, the purchase or sale of any Property or service) with, or make any payment or transfer to, any Affiliate (other than the
Borrowers and the Guarantors) except (a) in the ordinary course of business and pursuant to the reasonable requirements of such Borrower’s or such Subsidiary’s business and upon fair and reasonable terms no less favorable to such
Borrower or such Subsidiary than such Borrower or such Subsidiary would obtain in a comparable arm’s-length transaction and (b) in connection with any Receivables Purchase Facility permitted under Section 6.14.4. 

6.17. Financial Contracts. No Borrower will, nor will the Company permit any other Subsidiary to, enter into or remain liable upon
any Rate Management Transactions except for those entered into (i) by the Company and its Subsidiaries in the ordinary course of business for bona fide hedging purposes and not for speculative purposes and (ii) by any SPV in connection
with a Receivables Purchase Facility permitted hereunder. 
 6.18. Subsidiary Covenants. No Borrower will, and the
Company will not permit any other Subsidiary (other than any SPV) to, create or otherwise cause to become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary (other than any SPV) (i) to pay dividends
or make any other distribution on its stock, (ii) to pay any Indebtedness or other obligation owed to the Company or any Subsidiary, (iii) to make loans or advances or other Investments in the Company or any Subsidiary, or (iv) to
sell, transfer or otherwise convey any of its property to the Company or any Subsidiary, except for such encumbrances or restrictions existing under or by reason of (a) this Agreement, the other Loan Documents, the 2011 Note Purchase Agreement,
the 2008 Note Purchase Agreement, the 2008 Term Loan Agreement and the Receivables Purchase Documents, (b) customary provisions restricting subletting or assignment of any lease governing any leasehold interest of the Company or any of its
Subsidiaries, (c) customary provisions restricting assignment of any licensing agreement or other contract entered into by Company and its Subsidiaries in the ordinary course of business, (d) restrictions on the transfer of any asset
pending the close of the sale of such asset and (e) restrictions on the transfer of any assets subject to a Lien permitted by Section 6.15. 
 6.19. Contingent Obligations. No Borrower will, nor will the Company permit any other Subsidiary to, make or suffer to exist any Contingent Obligation (including, without limitation, any Contingent
Obligation with respect to the obligations of a Subsidiary), except Contingent Obligations arising with respect to (i) this Agreement and the other Loan Documents, including, without limitation, Reimbursement Obligations (ii) customary
indemnification obligations in favor of purchasers in connection with asset dispositions permitted hereunder, (iii) customary indemnification obligations under such Person’s charter and bylaws (or equivalent formation documents),
(iv) indemnities in favor of the Persons issuing title insurance policies insuring the title to any property, (v) guarantees of (a) real property leases of the Company and its Subsidiaries and (b) personal property Operating
Leases of the Company and its Subsidiaries, in each case entered into in the ordinary course of business by the Company or any of the Subsidiaries, (vi) the Receivables Purchase Facility and (vii) other Contingent Obligations constituting
guarantees of Indebtedness of the Company or any of its Subsidiaries permitted under Section 6.14, provided that to the extent such Indebtedness is subordinated to the Obligations each such Contingent Obligation shall be subordinated to
the Obligations on terms reasonably acceptable to the Agent. 

  
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 6.20. Leverage Ratio. The Company will maintain, as of the end of each fiscal
quarter, a Leverage Ratio of not greater than (i) 3.75 to 1.00 as of the last day of each fiscal quarter ending on or prior to July 28, 2012 and (ii) 3.50 to 1.00 as of the last day of each fiscal quarter period ending thereafter.

 6.21. Interest Expense Coverage Ratio. The Company will not permit the ratio (the “Interest Expense Coverage
Ratio”), determined as of the end of each of its fiscal quarters for the then most-recently ended four fiscal quarters of (i) Consolidated Adjusted EBITDA during such period to (ii) Consolidated Interest Expense during such period,
all calculated for the Company and its Subsidiaries on a consolidated basis, to be less than 3.00 to 1.00. 
 6.22.
[RESERVED]. 
 6.23. Additional Subsidiary Guarantors. The Company shall execute or shall cause to be executed on
the date any Person becomes a Material Domestic Subsidiary of the Company (other than an SPV or a Subsidiary Borrower), the Guaranty (or a supplement to the Guaranty) pursuant to which such Material Domestic Subsidiary shall become a Guarantor, and
shall deliver or cause to be delivered to the Agent all appropriate corporate resolutions and other documentation (including opinions of counsel) in each case in form and substance reasonably satisfactory to the Agent. If at any time (a) the
aggregate assets of all of the Company’s Domestic Subsidiaries that are not Subsidiary Borrowers or Guarantors under the Guaranty exceeds twenty percent (20%) of the consolidated total assets of the Company and its Subsidiaries, or
(b) the aggregate Consolidated Adjusted Net Income for the four consecutive fiscal quarters most recently ended of all of the Company’s Domestic Subsidiaries that are not Subsidiary Borrowers or Guarantors under the Guaranty exceeds twenty
percent (20%) of the Company’s Consolidated Adjusted Net Income for such period, the Company will, within 30 days after its senior management becomes aware (or reasonably should have become aware) of such event, cause to be executed and
delivered to the Agent a supplement to the Guaranty (together with such other documents, opinions and information as the Agent may require) with respect to additional Domestic Subsidiaries to the extent necessary so that, after giving effect
thereto, the threshold levels in clauses (a) and (b) above are not exceeded. 
 6.24. Foreign Subsidiary
Investments. No Borrower will, nor will the Company permit any other Credit Party to, enter into or suffer to exist Foreign Subsidiary Investments at any time in an aggregate amount greater than $150,000,000. 

6.25. Subordinated Indebtedness. No Borrower will, nor with the Company permit any other Subsidiary to, make any amendment or
modification to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any
Subordinated Indebtedness. 

  
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 6.26. Sale of Accounts. No Borrower will, nor will the Company permit any other
Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse except to the extent permitted by Section 6.12.4. 
 ARTICLE VII 
 DEFAULTS 

The occurrence of any one or more of the following events shall constitute a Default: 

7.1 Any representation or warranty made or deemed made by or on behalf of the Company or any Subsidiary to the Lenders or the Agent under
or in connection with this Agreement, any Credit Extension, or any certificate or information delivered in connection with this Agreement or any other Loan Document shall be false in any material respect on the date as of which made or deemed made.

 7.2 Nonpayment of (i) principal of any Loan when due, (ii) any Reimbursement Obligation within one Business Day
after the same becomes due or (iii) interest upon any Loan, any Commitment Fee, LC Facility Fee or other Obligations under any of the Loan Documents within five (5) days after such interest, fee or other Obligation becomes due. 

7.3 The breach by any Borrower of any of the terms or provisions of any of Sections 6.1 through 6.3 or any of Sections 6.10 through 6.26.

 7.4 The breach by any Borrower (other than a breach which constitutes a Default under another Section of this Article VII) or
any other Credit Party of any of the terms or provisions of this Agreement or any other Loan Document to which it is a party which is not remedied within five (5) days after the earlier to occur of (i) written notice from the Agent or any
Lender to the Company or (ii) an Authorized Officer of any Borrower otherwise become aware of any such breach. 
 7.5
Failure of the Company or any Subsidiary to pay when due any Material Indebtedness (beyond the applicable grace period with respect thereto, if any); or the default by the Company or any Subsidiary in the performance (beyond the applicable grace
period with respect thereto, if any) of any term, provision or condition contained in any Material Indebtedness Agreement, or any other event shall occur or condition exist, the effect of which default, event or condition is to cause, or to permit
the holder(s) of such Material Indebtedness or the lender(s) under any Material Indebtedness Agreement to cause, such Material Indebtedness to become due prior to its stated maturity or any commitment to lend under any Material Indebtedness
Agreement to be terminated prior to its stated expiration date; or any Material Indebtedness of the Company or any Subsidiary shall be declared to be due and payable or required to be prepaid or repurchased (other than by a regularly scheduled
payment) prior to the stated maturity thereof; or the Company or any Subsidiary shall not pay, or admit in writing its inability to pay, its debts generally as they become due. 

7.6 The Company or any Subsidiary shall (i) have an order for relief entered with respect to it under the Federal bankruptcy laws as
now or hereafter in effect, (ii) make an assignment for the benefit of creditors, (iii) apply for, seek, consent to, or acquiesce in, the 

  
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appointment of a receiver, custodian, trustee, examiner, liquidator or similar official for it or any Substantial Portion of its Property, (iv) institute any proceeding seeking an order for
relief under the Federal bankruptcy laws as now or hereafter in effect or seeking to adjudicate it a bankrupt or insolvent, or seeking dissolution, winding up, liquidation, reorganization, arrangement, adjustment or composition of it or its debts
under any law relating to bankruptcy, insolvency or reorganization or relief of debtors or fail to file an answer or other pleading denying the material allegations of any such proceeding filed against it, (v) take any corporate or partnership
action to authorize or effect any of the foregoing actions set forth in this Section 7.6 or (vi) fail to contest in good faith any appointment or proceeding described in Section 7.7. 

7.7 Without the application, approval or consent of the Company or any Subsidiary, a receiver, trustee, examiner, liquidator or similar
official shall be appointed for the Company or any Subsidiary or any Substantial Portion of its Property, or a proceeding described in Section 7.6(iv) shall be instituted against the Company or any Subsidiary and such appointment continues
undischarged or such proceeding continues undismissed or unstayed for a period of 30 consecutive days. 
 7.8 Any court,
government or governmental agency shall condemn, seize or otherwise appropriate, or take custody or control of, all or any portion of the Property of the Company and the Subsidiaries which, when taken together with all other Property of the Company
and the Subsidiaries so condemned, seized, appropriated, or taken custody or control of, during the twelve-month period ending with the month in which any such action occurs, constitutes a Substantial Portion. 

7.9 The Company or any Subsidiary shall fail within 30 days to pay, bond or otherwise discharge one or more (i) judgments or orders
for the payment of money in excess of $10,000,000 (or the equivalent thereof in currencies other than Dollars) in the aggregate, or (ii) nonmonetary judgments or orders which, individually or in the aggregate, could reasonably be expected to
have a Material Adverse Effect, which judgment(s), in any such case, is/are not (a) stayed on appeal or otherwise being appropriately contested in good faith or (b) paid in full by third-party insurers under the Company’s or any
Subsidiary’s insurance policies. 
 7.10 The Unfunded Liabilities of all Single Employer Plans shall exceed $10,000,000 in
the aggregate, or any Reportable Event shall occur in connection with any Plan. 
 7.11 Nonpayment by the Company or any
Subsidiary of any Rate Management Obligation, in an outstanding principal amount of $5,000,000 or more, when due or the breach by the Company or any Subsidiary of any term, provision or condition contained in any Rate Management Transaction or any
transaction of the type described in the definition of “Rate Management Transactions,” whether or not any Lender or Affiliate of a Lender is a party thereto. 
 7.12 Any Change in Control shall occur. 
 7.13 The Company or any other member of
the Controlled Group shall have been notified by the sponsor of a Multiemployer Plan that it has incurred, pursuant to Section 4201 of ERISA, withdrawal liability to such Multiemployer Plan in an amount which, when aggregated with all other
amounts required to be paid to Multiemployer Plans by the Company or any other member of the Controlled Group as withdrawal liability (determined as of the date of such notification), exceeds $10,000,000 or requires payments exceeding $10,000,000
per annum. 

  
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 7.14 The Company or any other member of the Controlled Group shall have been notified by
the sponsor of a Multiemployer Plan that such Multiemployer Plan is in reorganization or is being terminated, within the meaning of Title IV of ERISA, if as a result of such reorganization or termination the aggregate annual contributions of the
Company and the other members of the Controlled Group (taken as a whole) to all Multiemployer Plans which are then in reorganization or being terminated have been or will be increased, in the aggregate, over the amounts contributed to such
Multiemployer Plans for the respective plan years of such Multiemployer Plans immediately preceding the plan year in which the reorganization or termination occurs by an amount exceeding $10,000,000. 

7.15 The Company or any Subsidiary shall (i) be the subject of any proceeding or investigation pertaining to the release by the
Company or any Subsidiary or any other Person of any toxic or hazardous waste or substance into the environment, or (ii) violate any Environmental Law, which, in the case of an event described in clause (i) or clause (ii), has resulted in
liability to the Company or any Subsidiary in an amount equal to $10,000,000 or more, which liability is not paid, bonded or otherwise discharged within 60 days or which is not stayed on appeal and being appropriately contested in good faith.

 7.16 Any Loan Document shall fail to remain in full force or effect against the Company or any Subsidiary, or the Company or
any Subsidiary shall assert that its obligations thereunder are discontinued, invalid or unenforceable for any reason or any action shall be taken or shall fail to be taken to discontinue or to assert the invalidity or unenforceability of, or which
results in the discontinuation or invalidity or unenforceability of, any Loan Document. 
 7.17 An event (such event, an
“Off-Balance Sheet Trigger Event”) shall occur which (i) permits the investors or purchasers in respect of Off-Balance Sheet Liabilities of the Company or any Affiliate of the Company to require the amortization or liquidation of such
Off-Balance Sheet Liabilities as a result of the non-payment of any Off-Balance Sheet Liability having an aggregate outstanding principal amount (or similar outstanding liability) greater than or equal to $5,000,000 and (x) such Off-Balance
Sheet Trigger Event shall not be remedied or waived within the later to occur of the tenth day after the occurrence thereof or the expiry date of any grace period related thereto under the agreement evidencing such Off-Balance Sheet Liabilities, or
(y) such investors shall require the amortization or liquidation of such Off-Balance Sheet Liabilities as a result of such Off-Balance Sheet Trigger Event, (ii) results in the termination of reinvestments of collections or proceeds of
receivables and related assets under the agreements evidencing such Off-Balance Sheet Liabilities, or (iii) causes or otherwise permits the replacement or substitution of the Company or any Affiliate thereof as the servicer under the agreements
evidencing such Off-Balance Sheet Liabilities; provided, however, that this Section 7.17 shall not apply on any date with respect to (a) any voluntary request by the Company or an Affiliate thereof for an above-described
amortization, liquidation, or termination of reinvestments so long as the aforementioned investors or purchasers cannot independently require on such date such amortization, liquidation or termination of reinvestments or (b) any scheduled
amortization or liquidation at the stated maturity of the facility evidencing such Off-Balance Sheet Liabilities. 

  
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 ARTICLE VIII 
 ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 
 8.1. Acceleration.
(i) If any Default described in Section 7.6 or 7.7 occurs with respect to any Credit Party, the obligations of the Lenders to make Loans hereunder and the obligation and power of the LC Issuers to issue Facility LCs shall automatically
terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Agent, any LC Issuer or any Lender, and the Borrowers will be and become thereby unconditionally obligated, without any further
notice, act or demand, to pay the Agent an amount in immediately available funds, which funds shall be held in the Facility LC Collateral Account, equal to (x) the amount of the LC Obligations at such time minus (y) the amount on deposit
in the Facility LC Collateral Account at such time which is free and clear of all rights and claims of third parties and has not been applied against the Obligations (the “Collateral Shortfall Amount”). Without prejudice to the provisions
of Section 4.2, if any other Default occurs, the Required Lenders (or the Agent with the consent of the Required Lenders) may (a) terminate or suspend the obligations of the Lenders to make Loans hereunder and the obligation and power of
the LC Issuers to issue Facility LCs, or declare the Obligations to be due and payable, or both, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which each
Borrower hereby expressly waives and (b) upon notice to the Borrowers and in addition to the continuing right to demand payment of all amounts payable under this Agreement, make demand on the Borrowers to pay, and the Borrowers will forthwith
upon such demand and without any further notice or act pay to the Agent the Collateral Shortfall Amount which funds shall be deposited in the Facility LC Collateral Account. 

 

	 	(ii)	If at any time while any Default is continuing, the Agent determines that the Collateral Shortfall Amount at such time is greater than zero, the Agent may make demand
on the Borrowers to pay, and the Borrowers will, forthwith upon such demand and without any further notice or act, pay to the Agent the Collateral Shortfall Amount, which funds shall be deposited in the Facility LC Collateral Account.

  

	 	(iii)	The Agent may at any time or from time to time after funds are deposited in the Facility LC Collateral Account, apply such funds to the payment of the Obligations and
any other amounts as shall from time to time have become due and payable by the Borrowers to the Lenders or the LC Issuers under the Loan Documents. 

  

	 	(iv)	At any time while any Default is continuing, no Borrower nor any Person claiming on behalf of or through any Borrower shall have any right to withdraw any of the funds
held in the Facility LC Collateral Account. After all of the Obligations have been indefeasibly paid in full in cash (or, with respect to any Reimbursement Obligations, the Facility LCs have been returned and cancelled or back-stopped to the
Agent’s reasonable satisfaction) and the Aggregate Revolving Loan Commitment has been terminated, any funds remaining in the Facility LC Collateral Account shall be returned by the Agent to the Company or paid to whomever may be legally
entitled thereto at such time. 

  

  
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	 	(v)	If, after acceleration of the maturity of the Obligations or termination of the obligations of the Lenders to make Loans and the obligations and power of the LC Issuers
to issue Facility LCs hereunder as a result of any Default (other than any Default as described in Section 7.6 or 7.7 with respect to any Credit Party) and before any judgment or decree for the payment of the Obligations due shall have been
obtained or entered, the Required Lenders (in their sole discretion) shall so direct, the Agent shall, by notice to the Borrowers, rescind and annul such acceleration and/or termination. 

8.2. Amendments. (i) Subject to the provisions of this Section 8.2, the Required Lenders (or the Agent with the consent
in writing of the Required Lenders) and the Borrowers may enter into agreements supplemental hereto for the purpose of adding or modifying any provisions to the Loan Documents or changing in any manner the rights of the Lenders or the Borrowers
hereunder or thereunder or waiving any Default hereunder or thereunder; provided, however, that no such supplemental agreement shall: 
 8.2.1 Without the consent of each Lender adversely affected thereby, extend the Revolving Loan Termination Date, extend the final maturity of any Revolving Loan or extend the expiry date of any Facility
LC to a date after the Revolving Loan Termination Date or postpone any regularly scheduled payment of principal of any Loan or forgive all or any portion of the principal amount thereof, or any Reimbursement Obligation related thereto, or reduce the
rate or extend the time of payment of interest or fees thereon or Reimbursement Obligations related thereto (other than a waiver of the application of the default rate of interest or LC Fees pursuant to Section 2.12 hereof, which shall only
require the approval of the Required Lenders). 
 8.2.2 Without the consent of each Lender, (1) reduce the
percentage specified in the definition of Required Lenders or any other percentage of Lenders specified to be the applicable percentage in this Agreement to act on specified matters or (2) other than to reflect the issuance of Term Loans
hereunder on a ratable basis, amend the definition of “Revolving Loan Pro Rata Share”. 
 8.2.3 Except
as provided in Section 2.5.3, increase the amount of the Revolving Loan Commitment of any Lender hereunder without the consent of such Lender. 
 8.2.4 Without the consent of each Lender, amend this Section 8.2 other than to reflect the issuance of Term Loans hereunder. 

  
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 8.2.5 Without the consent of each Lender, permit the Borrower to assign its
rights or obligations under this Agreement; 
 8.2.6 Without the consent of each Lender, other than in connection
with a transaction permitted under this Agreement, release (i) any Borrower from its obligations under Article XVI or (ii) any Guarantor that remains a Material Domestic Subsidiary from its obligations under the Guaranty. 

 

	 	(ii)	No amendment of any provision of this Agreement relating to the Agent shall be effective without the written consent of the Agent. The Agent may waive payment of the
fee required under Section 12.3.3 without obtaining the consent of any other party to this Agreement. No amendment of any provision of this Agreement relating to the Swing Line Lender or any Swing Line Loan shall be effective without the
written consent of the Swing Line Lender. No amendment of any provisions of this Agreement relating to any LC Issuer shall be effective without the written consent of such LC Issuer. 

 

	 	(iii)	Notwithstanding the foregoing, (a) this Agreement may be amended or amended and restated pursuant to an increase in the Aggregate Revolving Loan Commitment or an
issuance of Term Loans pursuant to Section 2.5.3 with only the consents prescribed by such Section and (b) this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the Agent and the
Borrowers (x) to add one or more credit facilities to this Agreement and to permit extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this
Agreement and the other Loan Documents with the Revolving Loans and the accrued interest and fees in respect thereof and (y) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders and
Lenders. 

 (iv) Notwithstanding anything to the contrary herein the Agent may, with the consent of the Borrowers
only, amend, modify or supplement this Agreement or any of the other Loan Documents to cure any ambiguity, omission, mistake, defect or inconsistency. 
 8.3. Preservation of Rights. No delay or omission of the Lenders, the LC Issuers or the Agent to exercise any right under the Loan Documents shall impair such right or be construed to be a waiver
of any Default or an acquiescence therein, and the making of a Credit Extension notwithstanding the existence of a Default or Unmatured Default or the inability of a Borrower to satisfy the conditions precedent to such Credit Extension shall not
constitute any waiver or acquiescence. Any single or partial exercise of any such right shall not preclude other or further exercise thereof or the exercise of any other right, and no waiver, amendment or other variation of the terms, conditions or
provisions of the Loan Documents whatsoever shall be valid unless in writing signed by, or by the Agent with the consent of, the requisite number of Lenders required pursuant to Section 8.2, and then only to the extent in such writing
specifically set forth. All remedies contained in the Loan Documents or by law afforded shall be cumulative and all shall be available to the Agent, the LC Issuers and the Lenders until all of the Obligations have been paid in full. 

  
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 ARTICLE IX 
 GENERAL PROVISIONS 
 9.1. Survival of Representations. All
representations and warranties of the Borrowers contained in this Agreement shall survive the making of the Credit Extensions herein contemplated. 
 9.2. Governmental Regulation. Anything contained in this Agreement to the contrary notwithstanding, neither any LC Issuer nor any Lender shall be obligated to extend credit to any Borrower in
violation of any limitation or prohibition provided by any applicable statute or regulation. 
 9.3. Headings. Section
headings in the Loan Documents are for convenience of reference only, and shall not govern the interpretation of any of the provisions of the Loan Documents. 
 9.4. Entire Agreement. The Loan Documents embody the entire agreement and understanding among the Borrowers, the Agent, the LC Issuers and the Lenders and supersede all prior agreements and
understandings among the Borrowers, the Agent, the LC Issuers and the Lenders relating to the subject matter thereof other than those contained in the fee letter described in Section 10.13 which shall survive and remain in full force and effect
during the term of this Agreement. 
 9.5. Several Obligations; Benefits of this Agreement. The respective obligations of
the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Agent is authorized to act as such). The failure of any Lender to perform any of its obligations hereunder
shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors and
assigns, provided, however, that the parties hereto expressly agree that the Arrangers shall enjoy the benefits of the provisions of Sections 9.6, 9.10 and 10.11 to the extent specifically set forth therein and shall have the right to
enforce such provisions on its own behalf and in its own name to the same extent as if it were a party to this Agreement. 

9.6. Expenses; Indemnification. 
  

	 	(i)	 The Borrowers shall reimburse the Agent and the Arrangers for any reasonable costs, internal charges and out-of-pocket expenses (including outside
attorneys’ and paralegals’ fees and expenses of and fees for other advisors and professionals engaged by the Agent or the Arrangers and, unless a Default shall be continuing, with the consent of the Company) paid or incurred by the Agent
or the Arrangers in connection with the investigation, preparation, negotiation, documentation, execution, delivery, syndication, distribution (including, without limitation, via the internet), review, amendment, modification and administration of
the Loan 

  
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Documents. Each Borrower also agrees to reimburse the Agent, the Arrangers, the LC Issuers and the Lenders for any costs, internal charges and out-of-pocket expenses (including outside
attorneys’ and paralegals’ fees and expenses of outside attorneys and paralegals for the Agent, the Arrangers, the LC Issuers and the Lenders) paid or incurred by the Agent, the Arrangers, any LC Issuer or any Lender in connection with the
collection and enforcement of the Loan Documents. Expenses being reimbursed by the Borrowers under this Section include, without limitation, costs and expenses incurred in connection with the Reports described in the following sentence. Each
Borrower acknowledges that from time to time JPMorgan Chase may prepare and may distribute to the Lenders (but shall have no obligation or duty to prepare or to distribute to the Lenders) certain audit reports (the “Reports”) pertaining to
such Borrower’s assets for internal use by JPMorgan Chase from information furnished to it by or on behalf of such Borrower, after JPMorgan Chase has exercised its rights of inspection pursuant to this Agreement. 

 

	 	(ii)	Each Borrower hereby further agrees to indemnify the Agent, the Arrangers, each LC Issuer, each Lender, their respective affiliates, and each of their directors,
officers and employees, trustees, investment advisors, attorneys, advisors and agents against all losses, claims, damages, penalties, judgments, liabilities and expenses (including, without limitation, all expenses of litigation or preparation
therefor whether or not the Agent, the Arrangers, any LC Issuer, any Lender or any affiliate is a party thereto, and all outside attorneys’ and paralegals’ fees and expenses of outside attorneys and paralegals of the party seeking
indemnification) which any of them may pay or incur arising out of or relating to this Agreement, the other Loan Documents and the other transactions contemplated hereby or the direct or indirect application or proposed application of the proceeds
of any Credit Extension hereunder except to the extent that they are determined in a final non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the party seeking
indemnification. The obligations of the Borrowers under this Section 9.6 shall survive the termination of this Agreement. 

 9.7. Numbers of Documents. All statements, notices, closing documents, and requests hereunder shall be furnished to the Agent with sufficient counterparts so that the Agent may furnish one to each
of the Lenders, to the extent that the Agent deems necessary. 
 9.8. Accounting. Except as provided to the contrary
herein, all accounting terms used in the calculation of any financial covenant or test shall be interpreted and all accounting determinations hereunder in the calculation of any financial covenant or test shall be made in accordance with Agreement
Accounting Principles. If any changes in generally accepted accounting principles are hereafter required or permitted and are adopted by the Company or any Subsidiary with the agreement of its independent certified public accountants and such
changes result in a change in the method of calculation of any of the financial covenants, tests, restrictions or standards herein or in the related definitions or terms used therein (“Accounting Changes”), the parties hereto agree, at the
Company’s request, to enter into negotiations, in good faith, in order to amend such provisions in a credit neutral manner so as to reflect equitably such 

  
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changes with the desired result that the criteria for evaluating the Company’s and its Subsidiaries’ financial condition shall be the same after such changes as if such changes had not
been made; provided, however, until such provisions are amended in a manner reasonably satisfactory to the Agent and the Required Lenders, no Accounting Change shall be given effect in such calculations. In the event such amendment is
entered into, all references in this Agreement to Agreement Accounting Principles shall mean generally accepted accounting principles, including the Accounting Change, as of the date of such amendment. Notwithstanding the foregoing, all financial
statements to be delivered by the Borrowers pursuant to Section 6.1 shall be prepared in accordance with generally accepted accounting principles in effect at such time. 
 9.9. Severability of Provisions. Any provision in any Loan Document that is held to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative,
unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the operation, enforceability, or validity of that provision in any other jurisdiction, and to this end the provisions of all Loan Documents are declared to
be severable. 
 9.10. Nonliability of Lenders. The relationship between the Borrowers on the one hand and the Lenders,
the LC Issuers and the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent (except to the limited extent as provided by Section 12.3.4 relating to maintaining the Register), the Arrangers, the LC Issuers, nor
any Lender shall have any fiduciary responsibilities to any Borrower or any other Credit Party. Neither the Agent, the Arrangers, the LC Issuers nor any Lender undertakes any responsibility to any Borrower or any other Credit Party to review or
inform any Credit Party of any matter in connection with any phase of any Credit Party’s business or operations. Each Borrower agrees that neither the Agent, the Arrangers, the LC Issuers, nor any Lender shall have liability to any Borrower
(whether sounding in tort, contract or otherwise) for losses suffered by any Borrower in connection with, arising out of, or in any way related to, the transactions contemplated and the relationship established by the Loan Documents, or any act,
omission or event occurring in connection therewith, unless it is determined in a final non-appealable judgment by a court of competent jurisdiction that such losses resulted from the gross negligence or willful misconduct of the party from which
recovery is sought. Neither the Agent, the Arrangers, the LC Issuers nor any Lender shall have any liability with respect to, and each Borrower hereby waives, releases and agrees not to sue for, any special, indirect, consequential or punitive
damages suffered by the Company or any Subsidiary in connection with, arising out of, or in any way related to the Loan Documents or the transactions contemplated thereby. 
 9.11. Confidentiality. Each Lender agrees to hold any confidential information which it may receive from any Borrower pursuant to this Agreement in confidence in accordance with its respective
customary practices (but in any event in accordance with reasonable confidentiality practices), except for disclosure (i) to its Affiliates and to other Lenders and their respective Affiliates, for use solely in connection with the transactions
contemplated hereby, (ii) to legal counsel, accountants, and other professional advisors to such Lender or to a Transferee who are expected to be involved in the evaluation of such information in connection with the transactions contemplated
hereby, in each case which have been informed as to the confidential nature of such information, (iii) to regulatory officials having jurisdiction over it, (iv) to any Person as required by law, regulation, or legal process, (v) of
information that presently or hereafter 

  
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becomes available to such Lender on a non-confidential basis from a source other than any Borrower and other than as a result of disclosure not otherwise permitted by this Section 9.11,
(vi) to any Person in connection with any legal proceeding to which such Lender is a party, (vii) to such Lender’s direct or indirect contractual counterparties in credit derivative transactions or to legal counsel, accountants and
other professional advisors to such counterparties, in each case which have been informed as to the confidential nature of such information, (viii) permitted by Section 12.4 and (ix) to rating agencies if requested or required by such
agencies in connection with a rating relating to the Credit Extensions hereunder. Without limiting Section 9.4, each Borrower agrees that the terms of this Section 9.11 shall set forth the entire agreement between the Borrowers and each
Lender (including the Agent) with respect to any confidential information previously or hereafter received by such Lender in connection with this Agreement or any other Loan Document, and this Section 9.11 shall supersede any and all prior
confidentiality agreements entered into by such Lender with respect to such confidential information. 
 9.12. Lenders Not
Utilizing Plan Assets. Each Lender and Designated Lender represents and warrants that none of the consideration used by such Lender or Designated Lender to make its Loans constitutes for any purpose of ERISA or Section 4975 of the Code
assets of any “plan” as defined in Section 3(3) of ERISA or Section 4975 of the Code and the rights and interests of such Lender or Designated Lender in and under the Loan Documents shall not constitute such “plan
assets” under ERISA. 
 9.13. Nonreliance. Each Lender hereby represents that it is not relying on or looking to any
margin stock (as defined in Regulation U) as collateral in the extension or maintenance of the credit provided for herein. 

9.14. Disclosure. Each Borrower and each Lender, including the LC Issuers, hereby acknowledge and agree that each Lender and/or
its Affiliates from time to time may hold investments in, make other loans to or have other relationships with the Borrowers and their Affiliates. 
 9.15. Performance of Obligations. Each Borrower agrees that the Agent may, but shall have no obligation to (i) at any time, pay or discharge taxes, liens, security interests or other
encumbrances levied or placed on or threatened against any collateral for the Obligations and (ii) after the occurrence and during the continuance of a Default make any other payment or perform any act required of the Company or any Subsidiary
under any Loan Document or take any other action which the Agent in its discretion deems necessary or desirable to protect or preserve the collateral, if any, for the Obligations, including, without limitation, any action to (x) effect any
repairs or obtain any insurance called for by the terms of any of the Loan Documents and to pay all or any part of the premiums therefor and the costs thereof and (y) pay any rents payable by the Company or any Subsidiary which are more than 30
days past due, or as to which the landlord has given notice of termination, under any lease. The Agent shall use its best efforts to give the Company notice of any action taken under this Section 9.15 prior to the taking of such action or
promptly thereafter provided the failure to give such notice shall not affect any Borrower’s obligations in respect thereof. Each Borrower, jointly and severally, agrees to pay the Agent, upon demand, the principal amount of all funds advanced
by the Agent under this Section 9.15, together with interest thereon at the rate from time to time applicable to Floating 

  
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Rate Loans from the date of such advance until the outstanding principal balance thereof is paid in full. If the Borrowers fail to make payment in respect of any such advance under this
Section 9.15 within one (1) Business Day after the date the Company receives written demand therefor from the Agent, the Agent shall promptly notify each Lender and each Lender agrees that it shall thereupon make available to the Agent, in
Dollars in immediately available funds, the amount equal to such Lender’s Revolving Loan Pro Rata Share of such advance. If such funds are not made available to the Agent by such Lender within one (1) Business Day after the Agent’s
demand therefor, the Agent will be entitled to recover any such amount from such Lender together with interest thereon at the Federal Funds Effective Rate for each day during the period commencing on the date of such demand and ending on the date
such amount is received. The failure of any Lender to make available to the Agent its Revolving Loan Pro Rata Share of any such unreimbursed advance under this Section 9.15 shall neither relieve any other Lender of its obligation hereunder to
make available to the Agent such other Lender’s Revolving Loan Pro Rata Share of such advance on the date such payment is to be made nor increase the obligation of any other Lender to make such payment to the Agent. All outstanding principal
of, and interest on, advances made under this Section 9.15 shall constitute Obligations until paid in full by the Borrowers. 
 9.16. Relations Among Lenders. 
 9.16.1 No Action Without
Consent. Except with respect to the exercise of setoff rights of any Lender, including the LC Issuers, in accordance with Section 11.1, the proceeds of which are applied in accordance with this Agreement, each Lender agrees that it will not
take any action, nor institute any actions or proceedings, against any Borrower or any other obligor hereunder or with respect to any Loan Document, without the prior written consent of the Required Lenders or, as may be provided in this Agreement
or the other Loan Documents, with the consent of the Agent. 
 9.16.2 Not Partners; No Liability. The
Lenders, including the LC Issuers, are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Agent) authorized to act for, any other Lender. The Agent shall
have the exclusive right on behalf of the Lenders to enforce the payment of the principal of and interest on any Loan or any Facility LC after the date such principal or interest has become due and payable pursuant to the terms of this Agreement.

 9.17. USA Patriot Act Notification. The following notification is provided to the Borrowers pursuant to
Section 326 of the USA Patriot Act of 2001, 31 U.S.C. Section 5318: 
 IMPORTANT INFORMATION ABOUT
PROCEDURES FOR OPENING A NEW ACCOUNT. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or
entity that opens an account, including any deposit account, treasury management account, loan, other extension of credit, or other financial 

  
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services product. What this means for the Borrowers: When a Borrower opens an account, the Agent and the Lenders will ask for such Borrower’s name, tax identification number, business
address, and other information that will allow the Agent and the Lenders to identify such Borrower. The Agent and the Lenders may also ask to see such Borrower’s legal organizational documents or other identifying documents. 

9.18. Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to
any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be
contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be
limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges
payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall
have been received by such Lender. 
 9.19. No Advisory or Fiduciary Responsibility. In connection with all aspects
of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each Borrower acknowledges and agrees that: (a) (i) the arranging and other services
regarding this Agreement provided by the Lenders are arm’s-length commercial transactions between such Borrower and its Affiliates, on the one hand, and the Lenders and their Affiliates, on the other hand, (ii) such Borrower has consulted
its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (iii) such Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated
hereby and by the other Loan Documents; (b) (i) each of the Lenders and their Affiliates is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be
acting as an advisor, agent or fiduciary for such Borrower or any of its Affiliates, or any other Person and (ii) no Lender or any of its Affiliates has any obligation to such Borrower or any of its Affiliates with respect to the transactions
contemplated hereby except, in the case of a Lender, those obligations expressly set forth herein and in the other Loan Documents; and (c) each of the Lenders and their respective Affiliates may be engaged in a broad range of transactions that
involve interests that differ from those of such Borrower and its Affiliates, and no Lender or any of its Affiliates has any obligation to disclose any of such interests to such Borrower or its Affiliates. To the fullest extent permitted by
law, each Borrower hereby waives and releases any claims that it may have against each of the Lenders and their Affiliates with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction
contemplated hereby. 

  
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 ARTICLE X 
 THE AGENT 
 10.1. Appointment; Nature of Relationship. JPMorgan
Chase is hereby appointed by each of the Lenders as its contractual representative (herein referred to as the “Agent”) hereunder and under each other Loan Document, and each of the Lenders irrevocably authorizes the Agent to act as the
contractual representative of such Lender with the rights and duties expressly set forth herein and in the other Loan Documents. The Agent agrees to act as such contractual representative upon the express conditions contained in this Article X.
Notwithstanding the use of the defined term “Agent,” it is expressly understood and agreed that the Agent shall not have any fiduciary responsibilities to any of the Holders of Obligations (including, without limitation, the Lenders) by
reason of this Agreement or any other Loan Document and that the Agent is merely acting as the contractual representative of the Lenders with only those duties as are expressly set forth in this Agreement and the other Loan Documents. In its
capacity as the Lenders’ contractual representative, the Agent (i) does not hereby assume any fiduciary duties to any of the Holders of Obligations, (ii) is a “representative” of the Holders of Obligations within the meaning
of the term “secured party” as defined in the Illinois Uniform Commercial Code and (iii) is acting as an independent contractor, the rights and duties of which are limited to those expressly set forth in this Agreement and the other
Loan Documents. Each of the Lenders, for itself and on behalf of its Affiliates as Holders of Obligations, hereby agrees to assert no claim against the Agent on any agency theory or any other theory of liability for breach of fiduciary duty, all of
which claims each Holder of Obligations hereby waives. 
 10.2. Powers. The Agent shall have and may exercise such powers
under the Loan Documents as are specifically delegated to the Agent by the terms of each thereof, together with such powers as are reasonably incidental thereto. The Agent shall have no implied duties or fiduciary duties to the Lenders, or any
obligation to the Lenders to take any action thereunder except any action specifically provided by the Loan Documents to be taken by the Agent. 
 10.3. General Immunity. Neither the Agent nor any of its directors, officers, agents or employees shall be liable to any Borrower, any Subsidiary, any Lender or any Holder of Obligations for any
action taken or omitted to be taken by it or them hereunder or under any other Loan Document or in connection herewith or therewith except to the extent such action or inaction is determined in a final, non-appealable judgment by a court of
competent jurisdiction to have arisen from the gross negligence or willful misconduct of such Person. 
 10.4. No
Responsibility for Loans, Recitals, etc. Neither the Agent nor any of its directors, officers, agents or employees shall be responsible for or have any duty to ascertain, inquire into, or verify (a) any statement, warranty or representation
made in connection with any Loan Document or any borrowing hereunder; (b) the performance or observance of any of the covenants or agreements of any obligor under any Loan Document, including, without limitation, any agreement by an obligor to
furnish information directly to each Lender; (c) the satisfaction of any condition specified in Article IV, except receipt of items required to be delivered solely to the Agent; (d) the existence or possible existence of any Default or
Unmatured Default; (e) the validity, enforceability, effectiveness, sufficiency or genuineness of any Loan Document or any other instrument or writing furnished in connection therewith; (f) the value sufficiency, creation,

  
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perfection or priority of any Lien in any collateral security; or (g) the financial condition of the Company, any Subsidiary or any guarantor of any of the Obligations or of any of the
Company’s, such Subsidiary’s or any such guarantor’s respective Subsidiaries. The Agent shall have no duty to disclose, and shall have no liability for the failure to disclose, to the Lenders information that is not required to be
furnished by any Borrower to the Agent at such time, but is voluntarily furnished by such Borrower to the Agent (either in its capacity as Agent or in its individual capacity) or any of its Affiliates. 

10.5. Action on Instructions of Lenders. The Agent shall in all cases be fully protected in acting, or in refraining from acting,
hereunder and under any other Loan Document in accordance with written instructions signed by the Required Lenders (or all of the Lenders in the event that and to the extent that this Agreement expressly requires such approval), and such
instructions and any action taken or failure to act pursuant thereto shall be binding on all of the Lenders. The Lenders hereby acknowledge that the Agent shall be under no duty to take any discretionary action permitted to be taken by it pursuant
to the provisions of this Agreement or any other Loan Document unless it shall be requested in writing to do so by the Required Lenders (or all of the Lenders in the event that and to the extent that this Agreement expressly requires such approval).
The Agent shall be fully justified in failing or refusing to take any action hereunder and under any other Loan Document unless it shall first be indemnified to its satisfaction by the Lenders pro rata against any and all liability, cost and expense
that it may incur by reason of taking or continuing to take any such action. 
 10.6. Employment of Agents and Counsel.
The Agent may execute any of its duties as Agent hereunder and under any other Loan Document by or through employees, agents, and attorneys-in-fact and shall not be answerable to the Lenders, except as to money or securities received by it or its
authorized agents, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. The Agent shall be entitled to advice of counsel concerning the contractual arrangement between the Agent and the Lenders
and all matters pertaining to the Agent’s duties hereunder and under any other Loan Document. 
 10.7. Reliance on
Documents; Counsel. The Agent shall be entitled to rely upon any Note, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex, electronic mail message, statement, paper or document believed by it to be genuine and correct
and to have been signed or sent by the proper person or persons, and, in respect to legal matters, upon the opinion of counsel selected by the Agent, which counsel may be employees of the Agent. For purposes of determining compliance with the
conditions specified in Sections 4.1, 4.2 and 4.3, each Lender that has signed this Agreement (or otherwise become party hereto pursuant to an Assignment Agreement) shall be deemed to have consented to, approved or accepted or to be satisfied with,
each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Agent shall have received notice from such Lender prior to the applicable date specifying its objection thereto.

 10.8. Agent’s Reimbursement and Indemnification. The Lenders agree to reimburse and indemnify the Agent ratably
in proportion to the Lenders’ Revolving Loan Pro Rata Shares of the Aggregate Revolving Loan Commitment (or, if the Aggregate Revolving Loan Commitment has been terminated, of the Aggregate Outstanding Revolving Credit Exposure) (i) for
any amounts not reimbursed by the Borrowers for which the Agent is entitled to 

  
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reimbursement by any Credit Party under the Loan Documents, (ii) for any other expenses incurred by the Agent on behalf of the Lenders, in connection with the preparation, execution,
delivery, administration and enforcement of the Loan Documents (including, without limitation, for any expenses incurred by the Agent in connection with any dispute between the Agent and any Lender or between two or more of the Lenders) and
(iii) for any liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against the Agent in any way
relating to or arising out of the Loan Documents or any other document delivered in connection therewith or the transactions contemplated thereby (including, without limitation, for any such amounts incurred by or asserted against the Agent in
connection with any dispute between the Agent and any Lender or between two or more of the Lenders), or the enforcement of any of the terms of the Loan Documents or of any such other documents, provided that (i) no Lender shall be liable
for any of the foregoing to the extent any of the foregoing is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Agent and (ii) any
indemnification required pursuant to Section 3.5(vii) shall, notwithstanding the provisions of this Section 10.8, be paid by the relevant Lender in accordance with the provisions thereof. The obligations of the Lenders under this
Section 10.8 shall survive payment of the Obligations and termination of this Agreement. 
 10.9. Notice of Default.
The Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Unmatured Default hereunder unless the Agent has received written notice from a Lender or the Company referring to this Agreement describing such Default
or Unmatured Default and stating that such notice is a “notice of default”. In the event that the Agent receives such a notice, the Agent shall give prompt notice thereof to the Lenders. 

10.10. Rights as a Lender. In the event the Agent is a Lender, the Agent shall have the same rights and powers hereunder and under
any other Loan Document with respect to its Revolving Loan Commitment and its Credit Extensions as any Lender and may exercise the same as though it were not the Agent, and the term “Lender” or “Lenders” shall, at any time when
the Agent is a Lender, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other
transaction, in addition to those contemplated by this Agreement or any other Loan Document, with the Company or any Subsidiary in which the Company or such Subsidiary is not restricted hereby from engaging with any other Person. The Agent, in its
individual capacity, is not obligated to remain a Lender. 
 10.11. Lender Credit Decision. Each Lender acknowledges that
it has, independently and without reliance upon the Agent, the Arrangers or any other Lender and based on the financial statements prepared by the Company and such other documents and information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon the Agent, the Arrangers or any other Lender and based on such documents and
information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan Documents. Except as expressly set forth herein, the Agent shall not have any duty
to disclose, and shall not be liable for the failure to disclose, any information relating to the Company or any of its Subsidiaries that is communicated to or obtained by the Person serving as Agent or any of its Affiliates in any capacity.

  
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 10.12. Successor Agent. The Agent may resign at any time by giving written notice
thereof to the Lenders and the Company, such resignation to be effective upon the appointment of a successor Agent or, if no successor Agent has been appointed, forty-five days after the retiring Agent gives notice of its intention to resign. Upon
any such resignation, the Required Lenders shall have the right to appoint, on behalf of the Borrowers and the Lenders, a successor Agent. If no successor Agent shall have been so appointed by the Required Lenders within thirty days after the
resigning Agent’s giving notice of its intention to resign, then the resigning Agent may appoint, on behalf of the Borrowers and the Lenders, a successor Agent. Notwithstanding the two immediately preceding sentences: (x) subject to clause
(y) of this sentence, the consent of the Borrowers shall be required prior to the appointment of a successor Agent unless such successor Agent is a Lender or an Affiliate of a Lender, provided that the consent of the Borrowers shall not
be required if a Default has occurred and is continuing, and (y) the Agent may at any time without the consent of any Borrower or any Lender, appoint any of its Affiliates which is a commercial bank as a successor Agent hereunder. If the Agent
has resigned and no successor Agent has been appointed, the Lenders may perform all the duties of the Agent hereunder and the Borrowers shall make all payments in respect of the Obligations to the applicable Lender and for all other purposes shall
deal directly with the Lenders. No successor Agent shall be deemed to be appointed hereunder until such successor Agent has accepted the appointment. Any such successor Agent shall be a commercial bank having capital and retained earnings of at
least $100,000,000. Upon the acceptance of any appointment as Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the resigning Agent. Upon the
effectiveness of the resignation of the Agent, the resigning Agent shall be discharged from its duties and obligations hereunder and under the Loan Documents. After the effectiveness of the resignation of an Agent, the provisions of this Article X
shall continue in effect for the benefit of such Agent in respect of any actions taken or omitted to be taken by it while it was acting as the Agent hereunder and under the other Loan Documents. In the event that there is a successor to the Agent by
merger, or the Agent assigns its duties and obligations to an Affiliate pursuant to this Section 10.12, then the term “Prime Rate” as used in this Agreement shall mean the prime rate, base rate or other analogous rate of the new
Agent. 
 10.13. Agent and Arranger Fees. The Company agrees to pay to the Agent and the Arrangers, for their respective
accounts, the fees agreed to by the Company, the Agent, and the Arranger pursuant to the Fee Letter, or as otherwise agreed from time to time. 
 10.14. Delegation to Affiliates. The Borrowers and the Lenders agree that the Agent may delegate any of its duties under this Agreement to any of its Affiliates. Any such Affiliate (and such
Affiliate’s directors, officers, agents and employees) which performs duties in connection with this Agreement shall be entitled to the same benefits of the indemnification, waiver and other protective provisions to which the Agent is entitled
under Articles IX and X. 

  
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 10.15. No Duties Imposed on Syndication Agent, Co-Documentation Agents or Arrangers.
None of the Persons identified on the cover page to this Agreement, the signature pages to this Agreement or otherwise in this Agreement as a “Syndication Agent,” “Co- Documentation Agent” or “Arranger” shall have any
right, power, obligation, liability, responsibility or duty under this Agreement other than, if such Person is a Lender, those applicable to all Lenders as such. Without limiting the foregoing, none of the Persons identified on the cover page to
this Agreement, the signature pages to this Agreement or otherwise in this Agreement as a “Syndication Agent,” “Co-Documentation Agent” or “Arranger” shall have or be deemed to have any fiduciary duty to or fiduciary
relationship with any Holder of Obligations. Each of the Holders of Obligations acknowledges that it has not relied, and will not rely, on any of the Persons so identified in deciding to enter into this Agreement or in taking or not taking action
hereunder. 
 ARTICLE XI 
 SETOFF; RATABLE PAYMENTS 
 11.1. Setoff. In addition to, and without
limitation of, any rights of the Lenders under applicable law, if any Borrower becomes insolvent, however evidenced, or any other Default occurs and continues, any and all deposits (including all account balances, whether provisional or final and
whether or not collected or available) and any other Indebtedness at any time held or owing by any Lender or any Affiliate of any Lender to or for the credit or account of such Borrower or any Subsidiary may be offset and applied toward the payment
of the Obligations owing to such Lender, whether or not the Obligations, or any part thereof, shall then be due. 
 11.2.
Ratable Payments. If any Lender, whether by setoff or otherwise, has payment made to it upon its Outstanding Revolving Credit Exposure (other than payments received pursuant to Section 3.1, 3.2, 3.4 or 3.5) in a greater proportion than
that received by any other Lender, such Lender agrees, promptly upon demand, to purchase a participation in the Aggregate Outstanding Revolving Credit Exposure held by the other Lenders so that after such purchase each Lender will hold its Revolving
Loan Pro Rata Share of the Aggregate Outstanding Revolving Credit Exposure. If any Lender, whether in connection with setoff or amounts which might be subject to setoff or otherwise, receives collateral or other protection for its Obligations or
such amounts which may be subject to setoff, such Lender agrees, promptly upon demand, to take such action necessary such that all Lenders share in the benefits of such collateral ratably in proportion to their respective Revolving Loan Pro Rata
Shares of the Aggregate Outstanding Revolving Credit Exposure. In case any such payment is disturbed by legal process, or otherwise, appropriate further adjustments shall be made. 

ARTICLE XII 

BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS 
 12.1. Successors and Assigns; Designated Lenders. 
 12.1.1
Successors and Assigns. The terms and provisions of the Loan Documents shall be binding upon and inure to the benefit of the Borrowers, the Agent and the Lenders and their respective successors and assigns permitted hereby, except that
(i) no Borrower shall have any right to assign its rights or obligations under the Loan Documents without the prior written consent of each Lender, (ii) any assignment by any Lender must be made in compliance with Section

  
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12.3, and (iii) any transfer by Participants must be made in compliance with Section 12.2. Any attempted assignment or transfer by any party not made in compliance with this
Section 12.1 shall be null and void, unless such attempted assignment or transfer is treated as a participation in accordance with Section 12.3.2. The parties to this Agreement acknowledge that clause (ii) of this Section 12.1
relates only to absolute assignments and this Section 12.1 does not prohibit assignments creating security interests, including, without limitation, (x) any pledge or assignment by any Lender of all or any portion of its rights under this
Agreement and any Note to a Federal Reserve Bank, (y) in the case of a Lender which is a Fund, any pledge or assignment of all or any portion of its rights under this Agreement and any Note to its trustee in support of its obligations to its
trustee or (z) any pledge or assignment by any Lender of all or any portion of its rights under this Agreement and any Note to direct or indirect contractual counterparties in credit derivative transactions relating to the Loans;
provided, however, that no such pledge or assignment creating a security interest shall release the transferor Lender from its obligations hereunder unless and until the parties thereto have complied with the provisions of
Section 12.3. The Agent may treat the Person which made any Loan or which holds any Note as the owner thereof for all purposes hereof unless and until such Person complies with Section 12.3; provided, however, that the Agent
may in its discretion (but shall not be required to) follow instructions from the Person which made any Loan or which holds any Note to direct payments relating to such Loan or Note to another Person. Any assignee of the rights to any Loan or any
Note agrees by acceptance of such assignment to be bound by all the terms and provisions of the Loan Documents. Any request, authority or consent of any Person, who at the time of making such request or giving such authority or consent is the owner
of the rights to any Loan (whether or not a Note has been issued in evidence thereof), shall be conclusive and binding on any subsequent holder or assignee of the rights to such Loan. 

12.1.2 Designated Lenders. 
  

	(i)	 Subject to the terms and conditions set forth in this Section 12.1.2, any Lender may from time to time elect to designate an Eligible Designee to
provide all or any part of the Loans to be made by such Lender pursuant to this Agreement; provided that the designation of an Eligible Designee by any Lender for purposes of this Section 12.1.2 shall be subject to the approval of the
Agent (which consent shall not be unreasonably withheld or delayed). Upon the execution by the parties to each such designation of an agreement in the form of Exhibit E hereto (a “Designation Agreement”) and the acceptance thereof by the
Agent, the Eligible Designee shall become a Designated Lender for purposes of this Agreement. The Designating Lender shall thereafter have the right to permit the Designated 

  
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Lender to provide all or a portion of the Loans to be made by the Designating Lender pursuant to the terms of this Agreement and the making of the Loans or portion thereof shall satisfy the
obligations of the Designating Lender to the same extent, and as if, such Loan was made by the Designating Lender. As to any Loan made by it, each Designated Lender shall have all the rights a Lender making such Loan would have under this Agreement
and otherwise; provided that (x) all voting rights under this Agreement shall be exercised solely by the Designating Lender, (y) each Designating Lender shall remain solely responsible to the other parties hereto for its obligations
under this Agreement, including the obligations of a Lender in respect of Loans made by its Designated Lender and (z) no Designated Lender shall be entitled to reimbursement under Article III hereof for any amount which would exceed the amount
that would have been payable by the Borrowers to the Lender from which the Designated Lender obtained any interests hereunder. No additional Notes shall be required with respect to Loans provided by a Designated Lender; provided,
however, to the extent any Designated Lender shall advance funds, the Designating Lender shall be deemed to hold the Notes in its possession as an agent for such Designated Lender to the extent of the Loan funded by such Designated Lender.
Such Designating Lender shall act as administrative agent for its Designated Lender and give and receive notices and communications hereunder. Any payments for the account of any Designated Lender shall be paid to its Designating Lender as
administrative agent for such Designated Lender and no Borrower nor the Agent shall be responsible for any Designating Lender’s application of such payments. In addition, any Designated Lender may (1) with notice to, but without the
consent of any Borrower or the Agent, assign all or portions of its interests in any Loans to its Designating Lender or to any financial institution consented to by the Agent providing liquidity and/or credit facilities to or for the account of such
Designated Lender and (2) subject to advising any such Person that such information is to be treated as confidential in accordance with Section 9.11, disclose on a confidential basis any non-public information relating to its Loans to any
rating agency, commercial paper dealer or provider of any guarantee, surety or credit or liquidity enhancement to such Designated Lender. In addition, each such Designating Lender that elects to designate an Eligible Designee and such Eligible
Designee becomes a Designated Lender, (i) shall keep a register for the registration relating to each such Revolving Loan, specifying such Designated Lender’s name, address and entitlement to payments of principal and interest with respect
to such Revolving Loan and each transfer thereof and the name and address of each transferees and (ii) shall collect, prior to the time such Designated Lender receives payment with respect to such Revolving Loans from each such Designated
Lender, the appropriate forms, certificates, and statements described in Section 3.5 (and updated as required by Section 3.5) as if such Designated Lender were a Lender under Section 3.5. 

 

	(ii)	 Each party to this Agreement hereby agrees that it shall not institute against, or join any other Person in instituting against, any Designated Lender
any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceedings under any federal or state bankruptcy or similar law for one 

  
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year and a day after the payment in full of all outstanding senior indebtedness of any Designated Lender; provided that the Designating Lender for each Designated Lender hereby agrees to
indemnify, save and hold harmless each other party hereto for any loss, cost, damage and expense arising out of its inability to institute any such proceeding against such Designated Lender. This Section 12.1.2 shall survive the termination of
this Agreement. 

 12.2. Participations. 

12.2.1 Permitted Participants; Effect. Any Lender may at any time sell to one or more banks or other entities
(“Participants”) participating interests in any Outstanding Revolving Credit Exposure of such Lender, any Note held by such Lender, any Revolving Loan Commitment of such Lender or any other interest of such Lender under the Loan Documents.
In the event of any such sale by a Lender of participating interests to a Participant, such Lender’s obligations under the Loan Documents shall remain unchanged, such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations, such Lender shall remain the owner of its Outstanding Revolving Credit Exposure and the holder of any Note issued to it in evidence thereof for all purposes under the Loan Documents, all amounts payable by the
Borrowers under this Agreement shall be determined as if such Lender had not sold such participating interests, and the Borrowers and the Agent shall continue to deal solely and directly with such Lender in connection with such Lender’s rights
and obligations under the Loan Documents. In addition, each such Lender that sells any participating interest to a Participant under this Section 12.2.1, (i) shall keep a register for the registration relating to each such participation,
specifying such Participant’s name, address and entitlement to payment of principal and interest with respect to such participation and each transfer thereof and the name and address of each transferee, and (ii) shall collect prior to the
time such Participant receives payments with respect to such participation, from each such Participant the appropriate forms, certificates and statements described in Section 3.5 (and updated as required by Section 3.5) as if such
Participant were a Lender under Section 3.5. 
 12.2.2 Voting Rights. Each Lender shall retain the
sole right to approve, without the consent of any Participant, any amendment, modification or waiver of any provision of the Loan Documents other than any amendment, modification or waiver with respect to any Credit Extension or Revolving Loan
Commitment in which such Participant has an interest which would require consent of all of the Lenders pursuant to the terms of Section 8.2. 

  
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 12.2.3 Benefit of Certain Provisions. Each Borrower agrees that each
Participant shall be deemed to have the right of setoff provided in Section 11.1 in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest were owing
directly to it as a Lender under the Loan Documents, provided that each Lender shall retain the right of setoff provided in Section 11.1 with respect to the amount of participating interests sold to each Participant. The Lenders agree to
share with each Participant, and each Participant, by exercising the right of setoff provided in Section 11.1, agrees to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared in
accordance with Section 11.2 as if each Participant were a Lender. Each Borrower further agrees that each Participant shall be entitled to the benefits of Sections 3.1, 3.2, 3.4 and 3.5 to the same extent as if it were a Lender and had acquired
its interest by assignment pursuant to Section 12.3, provided that (i) a Participant shall not be entitled to receive any greater payment under Section 3.1, 3.2 or 3.5 than the Lender who sold the participating interest to such
Participant would have received had it retained such interest for its own account, unless the sale of such interest to such Participant is made with the prior written consent of the Borrowers, and (ii) any Participant not incorporated under the
laws of the United States of America or any State thereof agrees to comply with the provisions of Section 3.5 to the same extent as if it were a Lender (it being understood that the documentation required under Section 3.5 shall be
delivered to the participating Lender). Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal
amounts (and stated interest) of each Participant’s interest in the obligations under this Agreement (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the
Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in the obligations under this Agreement) except to the extent that such disclosure is necessary to establish
that such interest is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each person whose name
is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. 
 12.2.4 No Participations to Borrowers. No such participation shall be made to any Borrower or any of the Borrowers’ Affiliates or Subsidiaries. 

  
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 12.3. Assignments. 

12.3.1 Permitted Assignments. Any Lender may at any time assign to one or more banks or other entities
(“Purchasers”) all or any part of its rights and obligations under the Loan Documents. Such assignment shall be evidenced by an agreement substantially in the form of Exhibit C or in such other form as may be agreed to by the parties
thereto (each such agreement, an “Assignment Agreement”). Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate of a Lender or an Approved Fund shall, unless otherwise consented to in writing by the
Company, on behalf of the Borrowers, the Agent and each LC Issuer, either be in an amount equal to the entire applicable Outstanding Revolving Credit Exposure of the assigning Lender or (unless each of the Agent and, prior to the occurrence and
continuance of a Default, the Company, on behalf of the Borrowers, otherwise consents) be in an aggregate amount not less than $5,000,000. The amount of the assignment shall be based on the Outstanding Revolving Credit Exposure subject to the
assignment, determined as of the date of such assignment or as of the “Trade Date,” if the “Trade Date” is specified in the Assignment Agreement. 

12.3.2 Consents. The consent of the Company shall be required prior to an assignment becoming effective unless the
Purchaser is a Lender, an Affiliate of a Lender or an Approved Fund (other than a Lender or Affiliate of a Lender or an Approved Fund that becomes a Lender solely by means of the settlement of a credit derivative) (which consent shall not be
unreasonably withheld or delayed and, in any event, the Company shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Agent within five (5) Business Days after having received notice
thereof); provided that the consent of the Company shall not be required if (i) a Default or Unmatured Default has occurred and is continuing or (ii) if such assignment is in connection with the physical settlement of any
Lender’s obligations to direct or indirect contractual counterparties in credit derivative transactions relating to the Loans; provided, that the assignment without the Company’s consent pursuant to clause (ii) shall not
increase the Borrowers’ liability under Section 3.5. The consent of the Agent and the LC Issuers shall be required prior to any assignment becoming effective. Any consent required under this Section 12.3.2 shall not be unreasonably
withheld or delayed. 

  
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 12.3.3 Effect; Effective Date. Upon (i) delivery to the Agent
of an Assignment Agreement, together with any consents required by Sections 12.3.1 and 12.3.2, and (ii) payment of a $3,500 fee to the Agent by the assigning Lender or the Purchaser for processing such assignment (unless such fee is waived by
the Agent or unless such assignment is made to such assigning Lender’s Affiliate), such assignment shall become effective on the effective date specified in such assignment. The Assignment Agreement shall contain a representation and warranty
by the Purchaser to the effect that none of the funds, money, assets or other consideration used to make the purchase and assumption of the Revolving Loan Commitment and Outstanding Revolving Credit Exposure under the applicable Assignment Agreement
constitutes “plan assets” as defined under ERISA and that the rights, benefits and interests of the Purchaser in and under the Loan Documents will not be “plan assets” under ERISA. On and after the effective date of such
assignment, such Purchaser shall for all purposes be a Lender party to this Agreement and any other Loan Document executed by or on behalf of the Lenders and shall have all the rights, benefits and obligations of a Lender under the Loan Documents,
to the same extent as if it were an original party thereto, and the transferor Lender shall be released with respect to the Revolving Loan Commitment and Outstanding Revolving Credit Exposure assigned to such Purchaser without any further consent or
action by the Company, the Lenders or the Agent. In the case of an assignment covering all of the assigning Lender’s rights, benefits and obligations under this Agreement, such Lender shall cease to be a Lender hereunder but shall continue to
be entitled to the benefits of, and subject to, those provisions of this Agreement and the other Loan Documents which survive payment of the Obligations and termination of the Loan Documents. Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this Section 12.3 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 12.2. Upon
the consummation of any assignment to a Purchaser pursuant to this Section 12.3.3, the transferor Lender, the Agent and the Borrowers shall, if the transferor Lender or the Purchaser desires that its Loans be evidenced by Notes, make
appropriate arrangements so that, upon cancellation and surrender to the Company of the Notes (if any) held by the transferor Lender, new Notes or, as appropriate, replacement Notes are issued to such transferor Lender, if applicable, and new Notes
or, as appropriate, replacement Notes, are issued to such Purchaser, in each case in principal amounts reflecting their respective Revolving Loan Commitments (or, if the Revolving Loan Termination Date has occurred, their respective Outstanding
Revolving Credit Exposure) as adjusted pursuant to such assignment. 

  
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 12.3.4 Register. The Agent, acting solely for this purpose as an
agent of the Borrowers (and each Borrower hereby designates the Agent to act in such capacity), shall maintain at one of its offices in Chicago, Illinois a copy of each Assignment and Assumption delivered to it and a register (the
“Register”) for the recordation of the names and addresses of the Lenders, and the Revolving Loan Commitments of, and principal amounts of and interest on the Loans owing to, each Lender pursuant to the terms hereof from time to time and
whether such Lender is an original Lender or assignee of another Lender pursuant to an assignment under this Section 13.3. The entries in the Register shall be conclusive, and the Borrowers, the Agent and the Lenders may treat each Person whose
name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by any Borrower and any Lender, at any
reasonable time and from time to time upon reasonable prior notice. 
 12.3.5 No Assignments to Borrowers.
No such assignment shall be made to any Borrower or any of the Borrowers’ Affiliates or Subsidiaries. 
 12.4.
Dissemination of Information. Each Borrower authorizes each Lender to disclose to any Participant or Purchaser or any other Person acquiring an interest in the Loan Documents by operation of law (each a “Transferee”) and any
prospective Transferee any and all information in such Lender’s possession concerning the creditworthiness of the Company and the Subsidiaries; provided that each Transferee and prospective Transferee agrees to be bound by
Section 9.11 of this Agreement. 
 12.5. Tax Certifications. If any interest in any Loan Document is transferred to
any Transferee which is not organized under the laws of the United States or any State thereof, the transferor Lender shall cause such Transferee, concurrently with the effectiveness of such transfer, to comply with the provisions of
Section 3.5(iv). 
 ARTICLE XIII 
 NOTICES 
 13.1. Notices; Effectiveness; Electronic Communication.

 13.1.1 Notices Generally. Except in the case of notices and other communications expressly permitted to
be given by telephone (and except as provided in Section 13.1.2), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail
or sent by telecopier as follows: 
  

	 	(i)	if to any Borrower, at the Company’s address or telecopier number set forth on the signature page hereof; 

  
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	 	(ii)	if to the Agent or the Swing Line Lender or if the LC Issuer is JPMorgan Chase, (i) in the case of an Advance denominated in Dollars or Canadian Dollars, at its
address or telecopier number set forth on the signature page hereof, (ii) in the case of an Advance denominated in an Agreed Currency other than Dollars or Canadian Dollars, at its address or telecopier number set forth on the signature page
hereof, with a copy to J.P. Morgan Europe Limited, 125 London Wall, London EC2Y 5AJ, Attention of The Manager, Loans Agency, Telephone: 44 207 777 3092, FAX: 44 207 777 2360 and (iii) in the case of any other notice to be delivered hereunder,
at its address or telecopier number set forth on the signature page hereof; 

  

	 	(iii)	if to a Lender or to any LC Issuer other than JPMorgan Chase, to it at its address (or telecopier number) set forth in its Administrative Questionnaire delivered to the
Agent. 

 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have
been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next
Business Day for the recipient). Notices delivered through electronic communications to the extent provided in Section 13.1.2, shall be effective as provided in Section 13.1.2. 

13.1.2 Electronic Communications. Notices and other communications to the Lenders may be delivered or furnished by
electronic communication (including e-mail and internet or intranet websites) pursuant to procedures approved by the Agent or as otherwise determined by the Agent; provided that the foregoing shall not apply to notices to any Lender pursuant
to Article II if such Lender has notified the Agent that it is incapable of receiving notices under such Article by electronic communication. The Agent or the Company, on behalf of each Borrower, may, in its respective discretion, agree to accept
notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it or as it otherwise determines; provided that such determination or approval may be limited to particular notices or
communications. 
 Unless the Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed
received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement); provided that if such
notice or other communication is not given during the normal business hours of the recipient, such notice or communication shall be deemed to have been given at the opening of business on the next Business Day for the recipient, and
(ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause

  
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(i) of notification that such notice or communication is available and identifying the website address therefor. 

13.2. Change of Address, Etc. Any party hereto may change its address or telecopier number for notices and other
communications hereunder by notice to the other parties hereto. 
 13.3. Communications on Electronic Transmission System. The
Company agrees that the Agent may make communications available to the Lenders by posting such communications on IntraLinks or a substantially similar electronic transmission system (the “Platform”). THE PLATFORM IS PROVIDED
“AS IS” AND “AS AVAILABLE”. THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE
COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE
AGENT PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE AGENT OR ANY OF ITS AFFILIATES OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ADVISORS OR REPRESENTATIVES (COLLECTIVELY, THE
“AGENT PARTIES”) HAVE ANY LIABILITY TO THE BORROWER, ANY LENDER OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT,
CONTRACT OR OTHERWISE) ARISING OUT OF THE BORROWER’S OR THE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY AGENT PARTY IS FOUND IN A FINAL NON-APPEALABLE JUDGMENT BY A COURT OF
COMPETENT JURISDICTION TO HAVE RESULTED PRIMARILY FROM SUCH AGENT PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 

ARTICLE XIV 

COUNTERPARTS; INTEGRATION; EFFECTIVENESS; ELECTRONIC EXECUTION 

14.1. Counterparts; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Except as provided in Article IV, this Agreement shall become effective when it shall have been executed by the Agent
and when the Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the 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 telecopy shall be effective as delivery of a manually executed counterpart of this Agreement. 

  
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 14.2. Electronic Execution of Assignments. The words “execution,”
“signed,” “signature,” and words of like import in any assignment and assumption agreement shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal
effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global
and National Commerce Act, or any other state laws based on the Uniform Electronic Transactions Act. 
 ARTICLE XV

 CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL 

15.1. CHOICE OF LAW. THE LOAN DOCUMENTS (OTHER THAN THOSE CONTAINING A CONTRARY EXPRESS CHOICE OF LAW PROVISION) SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS, INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK BUT OTHERWISE WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS THEREOF BUT GIVING EFFECT TO
FEDERAL LAWS APPLICABLE TO NATIONAL BANKS. 
 15.2. CONSENT TO JURISDICTION. EACH BORROWER HEREBY IRREVOCABLY
SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION
OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS AND EACH BORROWER HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT
MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE AGENT, ANY LC ISSUER, ANY LENDER OR ANY HOLDER OF
OBLIGATIONS TO BRING PROCEEDINGS AGAINST ANY BORROWER IN THE COURTS OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY ANY BORROWER AGAINST THE AGENT, ANY LC ISSUER, ANY LENDER OR HOLDER OF OBLIGATIONS OR ANY AFFILIATE OF THE AGENT, ANY LC
ISSUER, ANY LENDER OR HOLDER OF OBLIGATIONS INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A COURT SITTING IN NEW YORK, NEW YORK. 

15.3. WAIVER OF JURY TRIAL. EACH BORROWER, THE AGENT, EACH LC ISSUER, EACH LENDER AND EACH HOLDER OF OBLIGATIONS HEREBY WAIVE
TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR 15.5. CONNECTED WITH ANY LOAN DOCUMENT OR THE RELATIONSHIP ESTABLISHED
THEREUNDER. 

  
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 ARTICLE XVI 
 CO-BORROWER PROVISIONS 
 16.1. Appointment. Each of the Borrowers
hereby irrevocably designates, appoints and authorizes each other Borrower as its agent and attorney-in-fact to take actions under this Agreement and the other Loan Documents, together with such powers as are reasonably incidental thereto. The Agent
and the Lenders shall be entitled to rely, and shall be fully protected in relying, upon any communication from or to any Borrower as having been delivered by or to all Borrowers. Any action taken by one Borrower under this Agreement and the other
Loan Documents shall be binding upon each other Borrower. Each Borrower agrees that it is jointly and severally liable to the Agent and the Lenders for the payment of (i) the Obligations, (ii) all Rate Management Obligations and
(iii) all Banking Services Obligations owing to any Holder of Obligations (collectively, the “Co-Borrower Obligations”) and that such liability is independent of the Obligations, Rate Management Obligations and Banking Services
Obligations of each other Borrower and whether such Obligations, Rate Management Obligations and/or Banking Services Obligations become unenforceable against any other Borrower. 

16.2. Separate Actions. A separate action or actions may be brought and prosecuted against any Borrower whether such action is
brought against any other Borrower or whether any other Borrower is joined in such action or actions. Each Borrower authorizes the Agent and the Lenders to release the other Borrowers without in any manner or to any extent affecting the liability of
such Borrower hereunder or under the Loan Documents. Each Borrower waives any defense arising by reason of any disability or other defense of any other Borrower, or the cessation for any reason whatsoever of the liability of any other Borrower with
respect to any of the Co-Borrower Obligations, or any claim that such Borrower’s liability hereunder exceeds or is more burdensome than the liability of any other Borrower. 

16.3. Co-Borrower Obligations Absolute and Unconditional. Each Borrower hereby agrees that its Co-Borrower Obligations hereunder
and under the Loan Documents shall be unconditional, irrespective of: 
 (a) the validity, enforceability, avoidance or
subordination of any of the Co-Borrower Obligations or any of the Loan Documents as to any other Borrower; 
 (b) the absence of
any attempt by, or on behalf of, the Agent or any Lender to collect, or to take any other action to enforce, all or any part of the Co-Borrower Obligations whether from or against any other Borrower or any other Person liable for such Co-Borrower
Obligations; 
 (c) the election of any remedy available under the Loan Documents or applicable law by, or on behalf of, the
Agent or any Lender with respect to all or any part of the Co-Borrower Obligations; 

  
 106

 (d) the waiver, consent, extension, forbearance or granting of any indulgence by, or on
behalf of, the Agent or any Lender with respect to any provision of any of the Loan Documents; 
 (e) the failure of the Agent or
any Lender to take any steps to perfect and maintain its security interest in, or to preserve its rights to, any security or collateral for the Co-Borrower Obligations; 
 (f) the election by, or on behalf of, the Agent or any Lender, in any proceeding described in Section 8.01(f), involving any other Borrower of any right which is comparable to the rights set forth in
Section 1111(b)(2) of the Bankruptcy Code; 
 (g) any borrowing or grant of a security interest by any other Borrower or any
receiver or assignee following the occurrence of any event described in Section 8.01(f), pursuant to any provision of applicable law comparable to Section 364 of the Bankruptcy Code; 

(h) the disallowance, under any provision of applicable law comparable to Section 502 of the Bankruptcy Code, of all or any portion
of the claims against any other Borrower held by any Lender or any Agent, for repayment of all or any part of the Co-Borrower Obligations; 
 (i) the insolvency of any other Borrower; and 
 (j) any other circumstance which
might otherwise constitute a legal or equitable discharge or defense of such Borrower (other than payment in full in cash of the Co-Borrower Obligations and the termination of the Revolving Loan Commitments). 

16.4. Waivers and Acknowledgements. 
 16.4.1 Except as otherwise expressly provided under any provision of the Loan Documents or as required by any mandatory provision of applicable law, each Borrower hereby waives diligence, presentment,
demand of payment, filing of claims with a court in the event of receivership, insolvency or bankruptcy of any Borrower or any other Person, protest or notice with respect to the Co-Borrower Obligations, all setoffs and counterclaims and all
presentments, demands for performance, notices of nonperformance, protests, notices of protest, notices of dishonor and notices of acceptance of this Agreement and the other Loan Documents, the benefits of all statutes of limitation, and all other
demands whatsoever (and shall not require that the same be made on any other Borrower as a condition precedent to such other Borrower’s Co-Borrower Obligations hereunder), and covenants that this Agreement (and the joint and several liability
of each Borrower under Section 16.1) will not be discharged, except by payment in full in cash of the Co-Borrower Obligations and the termination of the Revolving Loan Commitments. Each Borrower further waives all notices of the existence,
creation or incurrence of new or additional Indebtedness, 

  
 107

 
arising either from additional loans extended to any other Borrower or otherwise, and also waives all notices that the principal amount, or any portion thereof, and/or any interest on any
instrument or document evidencing all or any part of the Co-Borrower Obligations is due, notices of any and all proceedings to collect from the maker, any endorser or any other guarantor of all or any part of the Co-Borrower Obligations, or from any
other Person, and, to the extent permitted by law, notices of exchange, sale, surrender or other handling of any security or collateral given to the Agent or any Lender to secure payment of all or any part of the Co-Borrower Obligations. 

16.4.2 The Agent and/or the Lenders are hereby authorized, without notice or demand and without affecting the liability
of the Borrowers hereunder, from time to time, (i) to accept partial payments on all or any part of the Co-Borrower Obligations; (ii) to take and hold security or collateral for the payment of all or any part of the Co-Borrower
Obligations, this Agreement, or any other guaranties of all or any part of the Co-Borrower Obligations or other liabilities of the Borrowers, and (iii) to settle, release, exchange, enforce, waive, compromise or collect or otherwise liquidate
all or any part of the Co-Borrower Obligations, this Agreement, any guaranty of all or any part of the Co-Borrower Obligations, and any security or collateral for the Co-Borrower Obligations or for any such guaranty, irrespective of the effect on
the contribution or subrogation rights of the Borrowers. Any of the foregoing may be done in any manner, without affecting or impairing the obligations of each Borrower hereunder. 

16.5. Contribution Among Borrowers. The Borrowers agree as between themselves and without limiting any liability of any Borrower
hereunder to the Agent or the Lenders, that to the extent any payment of the Co-Borrower Obligations of the Borrowers is required to be made under this Agreement, to the extent that any Borrower shall make a payment under this Agreement (a
“Borrower Payment”) which, taking into account all other Borrower Payments then previously or concurrently made by any other Borrower, exceeds the amount which otherwise would have been paid by or attributable to such Borrower if each
Borrower had paid the aggregate Co-Borrower Obligations satisfied by such Borrower Payment in the same proportion as such Borrower’s “Allocable Amount” (as defined below) (as determined immediately prior to such Borrower Payment) bore
to the aggregate Allocable Amounts of each of the Borrowers as determined immediately prior to the making of such Borrower Payment, then, following payment in full in cash of the Co-Borrower Obligations, such Borrower shall be entitled to receive
contribution and indemnification payments from, and be reimbursed by, each other Borrower for the amount of such excess, pro rata based upon their respective Allocable Amounts in effect immediately prior to such Borrower Payment. As of any date of
determination, the “Allocable Amount” of any Borrower shall be equal to the maximum amount of the claim which could then be recovered from such Borrower under this Agreement without rendering such claim voidable or avoidable under
Section 548 of Chapter 11 of the Bankruptcy Code or under any applicable state Uniform Fraudulent Transfer Act, Uniform Fraudulent Conveyance Act or similar statute or common law. 

  
 108

 16.6. Subrogation. Until the Co-Borrower Obligations shall have been paid in full in
cash and the Revolving Loan Commitments shall have been terminated, each Borrower hereby agrees that it (i) shall have no right of subrogation with respect to such Co-Borrower Obligations (under contract, Section 509 of the Bankruptcy Code
or any comparable provision of any other applicable law, or otherwise) or any other right of indemnity, reimbursement or contribution, and (ii) hereby waives any right to enforce any remedy which the Agent or any Lender may now have or may
hereafter have against any other Borrower, any endorser or any other Guarantor of all or any part of the Co-Borrower Obligations or any other Person, and each Borrower hereby waives any benefit of, and any right to participate in, any security or
collateral given to the Agent and the Lenders to secure the payment or performance of all or any part of the Co-Borrower Obligations or any other liability of any other Borrower to the Agent and the Lenders. 

16.7. Subordination. Each Borrower agrees that any and all claims of such Borrower against the other Borrowers, the Guarantors or
any endorser or other guarantor of all or any part of the Co-Borrower Obligations, or against any of their respective properties, shall be subordinated to all of the Co-Borrower Obligations. Notwithstanding any right of any Borrower to ask for,
demand, sue for, take or receive any payment from any other Borrower, all rights and Liens of such Borrower, whether now or hereafter arising and howsoever existing, in any assets of such other Borrower (whether constituting part of any collateral
or otherwise) shall be and hereby are subordinated to the rights of the Agent or the Lenders in those assets. Such Borrower shall have no right to possession of any such asset or to foreclose upon any such asset, whether by judicial action or
otherwise, unless and until all of the Co-Borrower Obligations shall have been paid in full in cash and the Revolving Loan Commitments shall have been terminated. If all or any part of the assets of any Borrower, or the proceeds thereof, are subject
to any distribution, division or application to the creditors of such Borrower, whether partial or complete, voluntary or involuntary, and whether by reason of liquidation, bankruptcy, arrangement, receivership, assignment for the benefit of
creditors or any other action or proceeding, or if the business of any Borrower is dissolved or if substantially all of the assets of any Borrower are sold, then, and in any such event, any payment or distribution of any kind or character, either in
cash, securities or other property, which shall be payable or deliverable upon or with respect to any Indebtedness of any Borrower to any other Borrower (“Inter-Borrower Debt”) shall be paid or delivered directly to the Agent for
application to the Co-Borrower Obligations, due or to become due, until such Co-Borrower Obligations shall have been paid in full in cash. Each Borrower irrevocably authorizes and empowers the Agent and each of the Lenders to demand, sue for,
collect and receive every such payment or distribution and give acquittance therefor and to make and present for and on behalf of such Borrower such proofs of claim and take such other action, in the Agent’s or such Lender’s own name or in
the name of such Borrower or otherwise, as the Agent or any Lender may deem reasonably necessary or reasonably advisable for the enforcement of this Agreement. After the occurrence and during the continuance of a Default or an Unmatured Default,
each Lender may vote, with respect to the Co-Borrower Obligations owed to it, such proofs of claim in any such proceeding, receive and collect any and all dividends or other payments or disbursements made thereon in whatever form the same may be
paid or issued and apply the same on account of any of the Co-Borrower Obligations. Except as permitted under Sections 7.02(d) and (e), should any payment, distribution, security or instrument or proceeds

  
 109

 
thereof be received by any Borrower upon or with respect to the Inter-Borrower Debt prior to the payment in full in cash of all of the Co-Borrower Obligations and the termination of the Revolving
Loan Commitments, such Borrower shall receive and hold the same in trust, as trustee, for the benefit of the Agent and the Lenders and shall forthwith deliver the same to the Agent in precisely the form received (accompanied by the endorsement or
assignment of such Borrower where necessary), for application to the Co-Borrower Obligations, due or not due, and, until so delivered, the same shall be held in trust by such Borrower as the property of the Agent and the Lenders. After the
occurrence and during the continuance of a Default or an Unmatured Default, if any Borrower fails to make any such endorsement or assignment to the Agent or the Lenders, the Agent or the Lenders (or any of their respective officers or employees) are
hereby irrevocably authorized to make the same. Each Borrower agrees that until the Co-Borrower Obligations have been paid in full in cash and the Revolving Loan Commitments have been terminated, such Borrower will not assign or transfer to any
Person any claim such Borrower has or may have against any other Borrower (other than in favor of the Agent pursuant to the Loan Documents). 
 The remainder of this page is intentionally blank 

  
 110

 IN WITNESS WHEREOF, the initial Borrowers, the Lenders, the LC Issuers and the Agent have
executed this Agreement as of the date first above written. 
  

			
	PATTERSON COMPANIES, INC.,
	as a Borrower
		
	By:	 	 /s/ R. Stephen Armstrong

	Print Name: R. Stephen Armstrong
	 Title: Executive Vice President, Chief Financial
           Officer and Treasurer

	          1031 Mendota Heights Road
	          St. Paul, MN 55120
	
	Attention: R. Stephen Armstrong
		 	    Executive Vice President, Chief Financial
		 	    Officer, and Treasurer
	Telephone: (651) 686-1769
	 FAX: (651) 686-8984
  

With a copy to:
  
 Attention: General Counsel
 Telephone: (651) 686-1600

FAX: (651) 686-8984

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. CREDIT AGREEMENT 

 
			
	PATTERSON DENTAL HOLDINGS, INC.
	PATTERSON DENTAL SUPPLY, INC.
	PATTERSON MEDICAL HOLDINGS, INC.
	PATTERSON MEDICAL SUPPLY, INC.
	 WEBSTER VETERINARY SUPPLY, INC.
 each, as a Borrower

		
	By:	 	 /s/ R. Stephen Armstrong

	Print Name: R. Stephen Armstrong
	Title: Vice President and Treasurer
		 	1031 Mendota Heights Road
		 	St. Paul, MN 55120
	
	Attention: R. Stephen Armstrong
	            Vice President and Treasurer
	Telephone: (651) 686-1769
	 FAX: (651) 686-8984
  

With a copy to:
  
 Attention: General Counsel
 Telephone: (651) 686-1600

FAX: (651) 686-8984

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. CREDIT AGREEMENT 

 
			
	WEBSTER MANAGEMENT, LP,
	as a Borrower
	
	By: WEBSTER VETERINARY SUPPLY, INC.
	Its General Partner
		
	By:	 	 /s/ R. Stephen Armstrong

	Print Name: R. Stephen Armstrong
	Title: Vice President and Treasurer
		 	1031 Mendota Heights Road
		 	St. Paul, MN 55120
	
	Attention: R. Stephen Armstrong
	          Vice President and Treasurer
	Telephone: (651) 686-1769
	 FAX: (651) 686-8984
  

With a copy to:
  
 Attention: General Counsel
 Telephone: (651) 686-1600

FAX: (651) 686-8984

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. CREDIT AGREEMENT 

 
			
	JPMORGAN CHASE BANK, N.A.,
	individually, as LC Issuer and the Swing Line Lender, and as Administrative Agent
		
	By:	 	 /s/ Krys Szremski

	Print Name: Krys Szremski
	Title: V.P.
		 	10 South Dearborn, Floor 09
		 	Chicago, IL 60603-2003
	
	Attention: Krys Szremski
		 	Telephone: (312) 325-3227
		 	FAX: (312) 325-3239

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. CREDIT AGREEMENT 

 
			
	 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

individually, as a Lender and as Syndication Agent

		
	By:	 	/s/ Victor Pierzchalski
	Print Name: Victor Pierzchalski
	Title: Authorized Signatory
	
	Attention: Victor Pierzchalski
	            Telephone: 312-696-4676
	            FAX: 312-696-4535

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. CREDIT AGREEMENT 

  

			
	 U.S. BANK NATIONAL ASSOCIATION,
 as a Lender

		
	By:	 	/s/ Ludmila Yakovlev
	Print Name: Ludmila Yakovlev
	Title: Assistant Vice President
	
	Attention: Mila Yakovlev
	            Telephone: 612-303-3779
	            FAX: 612-303-2265

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. CREDIT AGREEMENT 

  

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as a Lender

		
	By:	 	/s/ Greg Strauss
	Print Name: Greg Strauss
	Title: Director
	
	Attention: Marc Piche
	            Telephone: 612-667-6681
	            FAX: 612-667-2276

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. CREDIT AGREEMENT 

  

			
	 BANK OF AMERICA, N.A.,
 as a Lender

		
	By:	 	/s/ Sophia Love
	Print Name: Sophia Love
	Title: Senior Vice President
	
	Attention: Sophia Love
	            Telephone: 312-992-3771
	            FAX: 312-453-4864

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. CREDIT AGREEMENT 

  

			
	 THE NORTHERN TRUST COMPANY,
 as a Lender

		
	By:	 	/s/ Molly Drennan
	Print Name: Molly Drennan
	Title: Vice President
	
	Attention: Molly Drennan
	            Telephone: 312-557-3389
	            FAX: 312-557-1425

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. CREDIT AGREEMENT 

  

			
	 ROYAL BANK OF CANADA,
 as a Lender

		
	By:	 	/s/ Dean Sas
	Print Name: Dean Sas
	Title: Authorized Signatory
	
	Attention: Diana Lee
	            Telephone: 212-548-3143
	            FAX: 212-428-6460

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. CREDIT AGREEMENT 

  

			
	 FIFTH THIRD BANK,

as a Lender

		
	By:	 	/s/ Joshua N. Livingston
	Print Name: Joshua N. Livingston
	Title: Assistant Vice President
	
	Attention: Joshua Livingston
	            Telephone: 615-687-8023
	            FAX: 615-687-3067

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. CREDIT AGREEMENT 

  

			
	 PNC BANK, NATIONAL ASSOCIATION,
 as a Lender

		
	By:	 	/s/ John Berry
	Print Name: John Berry
	Title: Vice President
	
	Attention:
	            Telephone: 412-762-5255
	            FAX: 412-762-6484

 SIGNATURE PAGE TO 
 PATTERSON COMPANIES, INC. CREDIT AGREEMENT 

 COMMITMENT SCHEDULE 

Revolving Loan Commitments 
  

									
	 Lender
	  	Amount of Revolving
Loan Commitment	 	  	% of Aggregate Revolving
Loan Commitment	 
	 JPMorgan Chase Bank, N.A.
	  	$	47,500,000	  	  	 	15.833333333	% 
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	47,500,000	  	  	 	15.833333333	% 
	 U.S. Bank National Association
	  	$	35,000,000	  	  	 	11.666666667	% 
	 Wells Fargo Bank, National Association
	  	$	35,000,000	  	  	 	11.666666667	% 
	 Bank of America, N.A.
	  	$	35,000,000	  	  	 	11.666666667	% 
	 The Northern Trust Company
	  	$	25,000,000	  	  	 	8.333333333	% 
	 Royal Bank of Canada
	  	$	25,000,000	  	  	 	8.333333333	% 
	 Fifth Third Bank
	  	$	25,000,000	  	  	 	8.333333333	% 
	 PNC Bank, National Association
	  	$	25,000,000	  	  	 	8.333333333	% 
		  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	300,000,000.00	  	  	 	100.000000000	% 

 PRICING SCHEDULE 

 

																					
	 Applicable
 Margin
	  	Level I
Status	 	 	Level II
Status	 	 	Level III
Status	 	 	Level IV
Status	 	 	Level V
Status	 
	 Eurocurrency Rate
	  	 	1.125	% 	 	 	1.250	% 	 	 	1.375	% 	 	 	1.625	% 	 	 	1.875	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Floating Rate
	  	 	0.125	% 	 	 	0.250	% 	 	 	0.375	% 	 	 	0.625	% 	 	 	0.875	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

  

																					
	 Applicable

Fee
 Rate
	  	Level I
Status	 	 	Level II
Status	 	 	Level III
Status	 	 	Level IV
Status	 	 	Level V
Status	 
	 Commitment Fee
	  	 	0.175	% 	 	 	0.200	% 	 	 	0.225	% 	 	 	0.250	% 	 	 	0.325	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

 The Applicable Margin and Applicable Fee Rate shall be Level IV Status until the delivery of the
Financials for the fiscal period ending January 28, 2012 (unless a higher Status shall otherwise apply). 
 For the
purposes of this Schedule, the following terms have the following meanings, subject to the final paragraph of this Schedule: 

“Level I Status” exists at any date if, as of the last day of the fiscal quarter of the Company referred to in the most recent
Financials, the Leverage Ratio (Net Debt) is less than or equal to 1.50 to 1.00. 
 “Level II Status” exists at any
date if, as of the last day of the fiscal quarter of the Company referred to in the most recent Financials, (i) the Company has not qualified for Level I Status and (ii) the Leverage Ratio (Net Debt) is less than or equal to 2.00 to 1.00.

 “Level III Status” exists at any date if, as of the last day of the fiscal quarter of the Company referred to in
the most recent Financials, (i) the Company has not qualified for Level I Status or Level II Status and (ii) the Leverage Ratio (Net Debt) is less than or equal to 2.50 to 1.00. 

“Level IV Status” exists at any date if, as of the last day of the fiscal quarter of the Company referred to in the most recent
Financials, (i) the Company has not qualified for Level I Status, Level II Status or Level III Status and (iii) the Leverage Ratio (Net Debt) is less than or equal to 3.00 to 1.00. 

“Level V Status” exists at any date if the Company has not qualified for Level I Status, Level II Status, Level III Status or

 Level IV Status. 

 “Leverage Ratio (Net Debt)” means the ratio of (i) (a) Consolidated
Total Debt minus (b) unrestricted domestic cash and Cash Equivalent Investments of the Company and its Domestic Subsidiaries in excess of $20,000,000 but not in excess of $200,000,000 to (ii) Consolidated Adjusted EBITDA. 

“Status” means Level I Status, Level II Status, Level III Status, Level IV Status or Level V Status. 

The Applicable Margin and Applicable Fee Rate shall be determined in accordance with the foregoing table based on the Company’s
Status as reflected in the then most recent Financials. Adjustments, if any, to the Applicable Margin or Applicable Fee Rate shall be effective five Business Days after the Agent has received the applicable Financials. If the Company fails to
deliver the Financials to the Agent at the time required pursuant to Section 6.1, then the Applicable Margin and Applicable Fee Rate shall be the highest Applicable Margin and Applicable Fee Rate set forth in the foregoing table until five days
after such Financials are so delivered.EX-10.1

 Exhibit 10.1 
 TENTH AMENDMENT TO CREDIT AND SECURITY AGREEMENT 
 This TENTH AMENDMENT TO
CREDIT AND SECURITY AGREEMENT (the “Amendment”) dated November 30, 2011, is entered into by and among MISCOR GROUP, LTD., an Indiana corporation (“MISCOR”), MAGNETECH INDUSTRIAL SERVICES, INC., an Indiana corporation
(“MIS”), and HK ENGINE COMPONENTS, LLC, an Indiana limited liability company (“HK” and together with MISCOR and MIS, the “Borrowers” and each a “Borrower”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (the
“Lender”), acting through its Wells Fargo Business Credit operating division. 
 RECITALS 

The Lender and the Borrowers are parties to a Credit and Security Agreement dated January 14, 2008, as amended (the “Credit
Agreement”). 
 The Borrowers have requested that the Lender make an additional term loan and extend the term of the Credit
Agreement, which the Lender is willing to do pursuant to the terms and conditions of this Amendment. 
 NOW, THEREFORE, in
consideration of the premises and of the mutual covenants and agreements herein contained, it is agreed as follows: 
 1.
Defined Terms. Capitalized terms used in this Amendment which are defined in the Credit Agreement shall have the same meanings as defined therein, unless otherwise defined herein. In addition, Section 1.1 of the Credit Agreement shall be
amended by adding or amending, as the case may be, the following defined term to read as follows: 

“EBITDA” means, with respect to any fiscal period, the Borrowers’ consolidated net income (or loss),
minus extraordinary gains, interest income, non-operating income and income tax benefits and decreases in any change in LIFO reserves, plus non-cash extraordinary losses, Interest Expense, income taxes, depreciation and
amortization and increases in any change in LIFO reserves for such period, in each case, determined on a consolidated basis in accordance with GAAP. 
 “Fixed Charges” means, with respect to any fiscal period and with respect to the Borrowers as determined on a consolidated basis in accordance with GAAP, the sum, without duplication, of
(a) cash Interest Expense paid during such period (other than interest paid-in-kind, amortization of financing fees, and other non-cash Interest Expense), (b) principal payments paid in cash during such period in respect of Borrowers’
obligations for borrowed money or amounts evidenced by notes or similar instruments, including, without limitation, cash payments with respect to Capital Leases, cash payments made to Subordinated Creditors (other than the cash payment to the
Subordinated Creditors made on or about October 7, 2011 in the aggregate amount of not more than $950,000) and payments on the Term Note, but excluding principal payments made with respect to the Credit Facility, and (d) all dividends and
distributions (other than Pass-Through Tax Liabilities) paid in cash during such period. 

 “Fixed Charge Coverage Ratio” means, with respect to the Borrowers
for any period, the ratio of (i) EBITDA for such period, minus (a) Non-Financed Capital Expenditures made (to the extent not already incurred in a prior period) or incurred during such period, (b) cash taxes paid during
such period, to the extent greater than zero, and (c) all distributions for Pass-Through Tax Liabilities to (ii) Fixed Charges for such period. 

“Interest Expense” means, for any period, the aggregate of the interest expense of the Borrowers for such
period, determined on a consolidated basis in accordance with GAAP. 
 “Maturity Date” means
July 31, 2013. 
 “Non-Financed Capital Expenditures” means Capital Expenditures not financed by
the seller of the capital asset, by a third party lender or by means of any extension of credit by Lender other than by means of an Advance under the Credit Facility; 

“Pass-Through Tax Liabilities” means the amount of state and federal income tax paid or to be paid by an Owner
of a Borrower on taxable income earned by such Borrower and attributable to such Owner as a result of such Borrower’s “pass-through” tax status, assuming the highest marginal income tax rate for federal and state (for the state or
states in which any Owner is liable for income taxes with respect to such income) income tax purposes, after taking into account any deduction for state income taxes in calculating the federal income tax liability and all other deductions, credits,
deferrals and other reductions available to such Owners from or through such Borrower. 
 2. Amendment of Section 2.17
and Section 2.18. Section 2.17 and Section 2.18 shall be amended to read as follows: 

Section 2.17 Term Advance. On or about April 15, 2008, the Lender made an advance to the Borrowers
under this Section 2.17 in the original principal amount of One Million Five Hundred Thousand Dollars ($1,500,000) (the “Existing Term Advance”), which Existing Term Advance is secured by the Collateral as provided in Article III
and the Mortgage. The Lender agrees, subject to the terms and conditions of this Agreement, to make a single advance to the Borrowers on the date the conditions in Paragraph 7 of the Tenth Amendment and the applicable conditions of Section 4.1
hereof have been satisfied (the “Term Advance”) in the amount of One Million Dollars ($1,000,000), the proceeds of which shall be used in part, to satisfy the Existing Term Advance. The Borrowers’ joint and several obligation to pay
the Term Advance shall be evidenced by the Term Note and shall be secured by the Collateral as provided in Article III and the Mortgage. Upon fulfillment of the applicable conditions set forth herein, the Lender shall disburse the proceeds of
the Term Advance in the manner specified in Section 2.2(d). 
 Section 2.18 Payment of Term
Note. The outstanding principal balance of the Term Note shall be due and payable as follows: 

  
 - 2 -

 (a) In equal monthly installments of Twenty Seven
Thousand Seven Hundred Seventy Eight Dollars ($27,778), commencing on December 1, 2011, and on the 1st day of each month thereafter; 
 (b) If Lender at any time obtains
an appraisal of the Borrowers’ Equipment the value of which was used to determine the amount of the Term Advance (the “Subject Equipment”) as permitted under Section 6.9(d) herein, and the appraisal shows the aggregate
outstanding principal balance of the Term Note to exceed one hundred percent (100%) of the Net Forced Liquidation Value of the Subject Equipment, then the Borrowers, upon demand by Lender, shall in Lender’s discretion either make
additional monthly principal payments in an amount equal to the amount of such excess divided by twelve (12) months, or immediately prepay the Term Note in the amount of such excess, in each case together with any prepayment or contracted funds
breakage fee due pursuant to Section 2.8; 
 (c) All prepayments of principal with respect to the Term Note
shall be applied to the most remote principal installment or installments then unpaid. 
 (d) On the Termination
Date, the entire unpaid principal balance of the Term Note, and all unpaid interest accrued thereon, shall in any event be due and payable. 
 3. Amendment of Section 6.2(a). Section 6.2(a) of the Credit Agreement shall be amended to read as follows: 
 Section 6.2 Financial Covenants. 
 (a) Stop Loss.
The Borrowers will not incur a Net Loss during any fiscal year-to-date period, as determined as of the end of each fiscal month ending on or after January 31, 2012, in excess of Two Hundred Fifty Thousand Dollars ($250,000). 

(b) Capital Expenditures. The Borrowers collectively, will not incur or contract to incur Capital
Expenditures of more than Six Hundred Thousand Dollars ($600,000) during any fiscal year ending on or after December 31, 2011. 
 (c) Fixed Charge Coverage Ratio. The Borrowers will maintain a Fixed Charge Coverage Ratio of not less than 1.1 to 1.0 as of the end of each fiscal month for the twelve (12) months then
ended, commencing with the fiscal month ending March 31, 2012. 
 (d) Minimum Net Income. For
the fiscal year ending on December 31, 2011, the Borrowers will achieve during such year Net Income of not less than the Five Hundred Thousand Dollars ($500,000). 
 4. Extension and Amendment of Subordinated Debt. The Borrowers have advised the Lender that (i) each of BDeWees, Inc. and XGen III, Ltd. (the “3D Subordinated Creditors”) have agreed
to extend the terms of their respective notes receivable from MIS and MISCOR pursuant to the terms of those certain Loan Extension and Modification Agreements dated as of the date 

  
 - 3 -

 
hereof between each of the 3D Subordinated Creditors and the Borrowers and a Second Amended and Restated Promissory Note (Secured by Personal Property) dated as of the date hereof in the original
principal amount of $2,000,000.00 issued to each of the 3D Subordinated Creditors thereunder, in the forms attached hereto as Exhibit B -1 (the “3D Modification Agreements”) and (ii) John Martell (“Martell” and
together with the 3D Subordinated Creditors, the “Subordinated Creditors”) has agreed to extend the terms of his note receivable from MIS and MISCOR pursuant to the terms of that certain Mutual Release dated November 30, 2011 among
John and Bonnie Martell, Martell Electric, LLC, and Ideal Consolidated, Inc. (the “Martell Parties”) and MISCOR and an Amended Promissory Note (Secured) dated as of the date hereof in the original principal amount of $1,680,094.60 issued
to Martell thereunder, in the forms attached hereto as Exhibit B-2 (the “Martell Modification Agreements” and together with the 3D Modification Agreements, the “Modification Agreements”). Lender hereby consents to the
terms of the Modification Agreements, provided the Subordinated Creditors enter into Subordination Agreements in favor of Lender, all on terms acceptable to the Lender in its sole discretion. 

5. Amendment of Notice Information. The Credit Agreement is further amended by amending the notice information set forth on the
signature pages to the Credit Agreement for both the Borrowers and the Lender, as follows: 
 MISCOR Group, Ltd. 

800 Nave Road SE 

Massillon, Ohio 44646 
 Telecopier: 330/830-3522 
 Attention: Michael Moore 

e-mail: mmoore@magnetech.com 
 Wells Fargo Bank, National Association 
 MAC N2814-220 

150 South Wacker Drive, Suite 2200 
 Chicago, IL 60606-4204 
 Telecopier: 312/444-9423 

Attention: Daniel J. Manella 
 e-mail: Daniel.J.Manella@wellsfargo.com 
 6. No Other Changes. Except as
explicitly amended by this Amendment, all of the terms and conditions of the Credit Agreement shall remain in full force and effect and shall apply to any advance or letter of credit thereunder. 

7. Accommodation Fee. The Borrowers shall pay to the Lender a fully earned, non-refundable fee in the amount of Fifty Thousand
Dollars ($50,000) in consideration of the Lender’s execution of this Amendment. 
 8. Conditions Precedent. This
Amendment shall be effective when the Lender shall have received an executed original hereof, together with each of the following, each in substance and form acceptable to the Lender in its sole discretion: 

  
 - 4 -

 (a) The replacement Term Note in the form of Exhibit A attached
hereto duly executed by the Borrowers (the “Replacement Note”). 
 (b) Subordination Agreements from
the Subordinated Creditors, with regard to the indebtedness of the Borrowers to the Subordinated Creditors as modified by the Modification Agreements, all on terms acceptable to the Lender, duly executed by each of such Subordinated Creditors.

 (c) With respect to each Borrower, a Certificate of the Secretary of the Borrower certifying as to
(i) the resolutions of the board of directors or manager, as applicable, of the Borrower approving the execution and delivery of this Amendment and the Replacement Note, (ii) the fact that the Constituent Documents of the Borrower, which
were certified and delivered to the Lender pursuant to the Certificate of Authority of the Borrower’s secretary issued in connection with the original execution of the Credit Agreement, continue in full force and effect and have not been
amended or otherwise modified except as set forth in the Certificate to be delivered, and (iii) certifying that the officers and agents of the Borrower who have been previously certified to the Lender as being authorized to sign and to act on
behalf of the Borrower continue to be so authorized or setting forth the sample signatures of each of the officers and agents of the Borrower authorized to execute and deliver this Amendment and all other documents, agreements and certificates on
behalf of the Borrower. 
 (d) Such other matters as the Lender may require. 

9. Representations and Warranties. Each Borrower (as to such Borrower) hereby represents and warrants to the Lender as follows:

 (a) The Borrower has all requisite power and authority to execute this Amendment and the Replacement Note, and
this Amendment and the Replacement Note have been duly executed and delivered by the Borrower and constitutes the legal, valid and binding obligations of the Borrower, enforceable in accordance with their terms. 

(b) The execution, delivery and performance by the Borrower of this Amendment and the Replacement Note have been duly
authorized by all necessary action and does not (i) require any authorization, consent or approval by any governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, (ii) violate any provision of any
law, rule or regulation or of any order, writ, injunction or decree presently in effect, having applicability to the Borrower, or the Constituent Documents of the Borrower, or (iii) result in a breach of or constitute a default under any
indenture or loan or credit agreement or any other agreement, lease or instrument to which the Borrower is a party or by which it or its properties may be bound or affected. 

(c) All of the representations and warranties contained in Article V of the Credit Agreement are correct on and as of the
date hereof as though made on and as of such date, except to the extent that such representations and warranties relate solely to an earlier date. 

  
 - 5 -

 10. References. All references in the Credit Agreement to “this Agreement”
shall be deemed to refer to the Credit Agreement as amended hereby; and any and all references in the Security Documents to the Credit Agreement shall be deemed to refer to the Credit Agreement as amended hereby. 

11. No Waiver. The execution of this Amendment and the acceptance of all other agreements and instruments related hereto shall not
be deemed to be a waiver of any Default or Event of Default under the Credit Agreement or a waiver of any breach, default or event of default under any Security Document or other document held by the Lender, whether or not known to the Lender and
whether or not existing on the date of this Amendment. 
 12. Release. Each Borrower hereby absolutely and
unconditionally releases and forever discharges the Lender, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present
and former directors, officers, agents and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or
federal law or otherwise, which such Borrower had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of
this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. 
 13. Fees,
Costs and Expenses. Each Borrower hereby reaffirms its agreement under the Credit Agreement to pay or reimburse the Lender on demand for all costs and expenses incurred by the Lender in connection with the Loan Documents, including without
limitation all reasonable fees and disbursements of legal counsel. Without limiting the generality of the foregoing, the Borrowers specifically agree to pay all reasonable fees and disbursements of counsel to the Lender for the services performed by
such counsel in connection with the preparation of this Amendment and the documents and instruments incidental hereto. The Borrower hereby agrees that the Lender may, at any time or from time to time in its sole discretion and without further
authorization by the Borrower, make a loan to the Borrower under the Credit Agreement, or apply the proceeds of any loan, for the purpose of paying any such fees, disbursements, costs and expenses. 

14. Miscellaneous. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered
shall be deemed an original and all of which counterparts, taken together, shall constitute one and the same instrument. 

Signatures appear on following page 

  
 - 6 -

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

									
	MISCOR GROUP, LTD.	 		 	WELLS FARGO BANK, NATIONAL ASSOCIATION
					
	By: 	 	 	 		 	By: 	 	 
		 	Michael P. Moore, Chief Executive Officer	 		 		 	Daniel J. Manella, Vice President
			
	MAGNETECH INDUSTRIAL SERVICES, INC.	 		 	
					
	By:	 	 	 		 		 	
		 	Michael P. Moore, Chief Executive Officer	 		 		 	
			
	HK ENGINE COMPONENTS, LLC	 		 	
					
	By:	 	 	 		 		 	
		 	Michael P. Moore, Chief Executive Officer	 		 		 	

  
 - 7 -

 Exhibit A 
 to Tenth Amendment to Credit and Security Agreement 
 TERM NOTE

  

			
	$1,000,000.00	  	November 30, 2011

 For value received, the undersigned, MISCOR GROUP, LTD., an Indiana corporation (“MISCOR”),
MAGNETECH INDUSTRIAL SERVICES, INC., an Indiana corporation (“MIS”), and HK ENGINE COMPONENTS, LLC, an Indiana limited liability company (“HK” and together with MISCOR and MIS, the “Borrowers” and each a
“Borrower”), hereby jointly and severally promise to pay to the order of WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Lender”), acting through its Wells Fargo Business Credit operating division, on the Termination Date set forth
in the Credit and Security Agreement dated January 14, 2008, as amended, that was entered into by the Lender and the Borrowers (as amended from time to time, the “Credit Agreement”), at Lender’s office located at Milwaukee,
Wisconsin, or at any other place designated at any time by the holder hereof, in lawful money of the United States of America and in immediately available funds, the principal sum of One Million Dollars ($1,000,000) or the aggregate unpaid principal
amount of the Term Advance made by the Lender to the Borrowers under the Credit Agreement together with interest on the principal amount hereunder remaining unpaid from time to time, computed on the basis of the actual number of days elapsed and a
360-day year, from the date hereof until this Term Note is fully paid at the rate from time to time in effect under the Credit Agreement. 
 This Term Note is the Term Note referred to in the Credit Agreement, and is subject to the terms of, the Credit Agreement, which provides, among other things, for acceleration hereof. Principal and
interest due hereunder shall be payable as provided in the Credit Agreement, and this Term Note may be prepaid only in accordance with the terms of the Credit Agreement. This Term Note is secured, among other things, pursuant to the Credit Agreement
and the Security Documents as therein defined, and may now or hereafter be secured by one or more other security agreements, mortgages, deeds of trust, assignments or other instruments or agreements. 

The Borrowers hereby agree to pay all costs of collection, including reasonable attorneys’ fees and legal expenses in the event this
Term Note is not paid when due, whether or not legal proceedings are commenced. 

 Presentment or other demand for payment, notice of dishonor and protest are expressly
waived. 
  

			
	MISCOR GROUP, LTD.
		
	By:	 	 
	Name:	 	Michael P. Moore
	Its:	 	Chief Executive Officer
	
	MAGNETECH INDUSTRIAL SERVICES, INC.
		
	By:	 	 
	Name:	 	Michael P. Moore
	Its:	 	Chief Executive Officer
	
	HK ENGINE COMPONENTS, LLC
		
	By:	 	 
	Name:	 	Michael P. Moore
	Its:	 	Chief Executive Officer

  
 - 9 -

 Exhibit B-1 
 to Tenth Amendment to Credit and Security Agreement 
 3D Modification
Agreements 
 LOAN EXTENSION AND MODIFICATION AGREEMENT 

THIS AGREEMENT, (“Agreement”) made on November 30, 2011, at Canton, Ohio, by and among Magnetech Industrial
Services, Inc. (“Magnetech”), an Indiana corporation, and MISCOR Group, Ltd. (“MISCOR”), an Indiana corporation, both with an address at 800 Nave Road, SE, Massillon, Ohio 44646 (collectively, “Borrowers”, and sometimes
individually a “Borrower”) and BDeWees, Inc. (“Lender”), an Ohio corporation with an address at 6424 Selkirk Circle NW, Canton, Ohio 44718. 
 RECITALS: 
 A. On or about November 30, 2007,
Borrowers and Lender closed on a transaction (the “Transaction”) in which, among other things, Borrowers became indebted, jointly and severally, to Lender in the amount of $2,000,000.00, as evidenced by Borrowers’ promissory note
dated November 30, 2007, for the principal amount of $2,000,000.00, executed and delivered to Lender and payable to it or its order, which contained additional terms and provisions, which such note was amended and restated on December 1,
2010 (collectively, the “Note”). 
 B. Borrowers’ indebtedness to Lender as of the date hereof under all
of the terms of the Note is $2,000,000.00, plus any interest accrued on the Note since Borrowers’ last payment of interest on the Note. Borrowers are not delinquent on payment of interest. 

C. As used in this Agreement, the term “Indebtedness” will mean Borrowers’ indebtedness to Lender under the Second
Amended Note (defined herein) – including principal, interest, and all other amounts which Borrowers now and in the future may owe to Lender under the terms of the Second Amended Note – together with any additional amounts Borrowers and
either of them may owe now or in the future to Lender pursuant to the terms of any of the other documents the parties executed as a part of or in connection with the said closing of the Transaction or as a part of the Loan Modification (defined
below), including this Agreement. 
 D. Borrowers wish to extend the time for Borrowers to repay the $2,000,000.00
presently owed to Lender in exchange for additional payments of principal, a first priority interest in certain collateral (subject to the prior interests of Wells Fargo Bank, National Association (“Wells Fargo”), and certain other changes
(the “Loan Modification”). 
 AGREEMENT: 

 THEREFORE, in consideration of the foregoing and of the mutual agreements set forth herein,
the parties agree as follows: 
 1. Incorporation of Recitals. All of the recitals set forth above, including the
definitions, are incorporated herein by reference. 
 2. Second Amendment and Restatement of Note. The Note will be
amended and restated as set forth in the form of the Second Amended and Restated Promissory Note, labeled as Exhibit A, attached and incorporated herein by reference (the “Second Amended Note”). 

3. Continued Effect of Intercreditor Agreement and Cross-Default. XGen III, Ltd. (“XGen”), an Ohio limited liability
company, was also a party to the Transaction in 2007, received its own promissory note from Borrowers, entered into a commercial security agreement to secure said note, and filed a UCC-1 financing statement, just like Lender. In order to memorialize
their respective rights and obligations, Lender and XGen entered into an Intercreditor Agreement dated November 30, 2007 (the “Intercreditor Agreement”). All provisions of the Intercreditor Agreement shall remain in full force and
effect notwithstanding the Loan Modification; provided, however, that references in the Intercreditor Agreement to the BDeWees Note, the BDeWees Security Agreement, the XGen Note, and the XGen Security Agreement will now refer to,
respectively, the Second Amended Note, the XGen Note as amended in connection with loan modifications identical to those for Lender (XGen’s own loan extension and modification agreement with Borrowers, which contains those identical
modifications, will sometimes be referred to herein as the “XGen Loan Modification”) and the BDeWees Security Agreement and the XGen Security Agreement, respectively, as amended. Any default under any one of the following four documents
– the Second Amended Note, the BDeWees Security Agreement, as amended, the XGen Note as amended in connection with the XGen Loan Modification, and the XGen Security Agreement, as amended – shall also constitute a default under the
remaining three of those documents. 
 4. Special Repayments Expected to Reduce Principal Payments. As a part of the Loan
Modifications, Borrowers and Lender further agree that Borrowers shall be required to make certain extra payments of principal to Lender on the Second Amended Note (each a “Special Repayment”) as follows: 

(a) Scheduled Special Repayments. Borrowers shall make Special Repayments on the dates and in the amounts set forth below: 

(i) November 30, 2011- $316,666; 
 (ii) December 29, 2011- $300,000; and 
 (iii) No later than June 30,
2012- $250,000. 

  
 - 11 -

 In addition to the Special Payments set forth in this subsection (a), Borrowers shall make
regularly scheduled payments as more fully set forth in the Second Amended Note. 
 (b) Additional Special Repayment. An
additional Special Repayment shall be owed in the circumstances described below. 
 “Change in Control”. At any
time there is a Change of Control (as defined in this paragraph) of a Borrower as a result of or contemporaneously with an exchange or issuance of securities to one or more persons, Borrowers will be required to pay the then remaining principal
balance (plus all then accrued but unpaid interest) under the Second Amended Note. For purposes of this Agreement, the term “Change in Control” shall mean a situation (whether occasioned by issuance, sales, or transfers of a
Borrower’s securities or by any merger, consolidation, recapitalization, reorganization, or other transaction involving a Borrower) in which: (A) for Magnetech, MISCOR no longer holds record or beneficial ownership of more than fifty
percent (50%) of Magnetech’s outstanding capital stock and/or no longer possesses the voting power to elect directly a majority of Magnetech’s board of directors; and (B) for MISCOR, any person, company or organization, not a
five percent (5%) or more shareholder as of the date of this Agreement, acquires record beneficial ownership of more than fifty percent (50%) of MISCOR’s outstanding capital stock. 

(c) Application and Effect of Special Repayment. Any Special Repayment shall be applied to reduce outstanding principal on the
Second Amended Note; provided, however, that if Borrowers are at that time delinquent in any installment payment or other amount then owed under the Second Amended Note, the Special Repayment will be applied first to satisfy the delinquency
and the balance, if any, will be applied to reduce outstanding principal. Nothing in this Agreement or in the Second Amended Note will be deemed to prevent or excuse any delinquency in making installment payments under the Second Amended Note, nor
will any Special Repayment be deemed any type of prepayment of one or more monthly installment payments under the Second Amended Note. Except as expressly provided above in this subsection (iv), each Special Repayment shall be applied to principal
payments in the inverse order of their due date. 
 Notwithstanding the foregoing, Lender acknowledges that payment of the
foregoing Special Repayments shall be subject to the terms of a Subordination Agreement in favor of Wells Fargo. 
 5.
Lender’s Consent for Additional Indebtedness. Neither Borrower shall incur additional indebtedness in excess of the Permitted Indebtedness without the written consent of  

  
 - 12 -

 
Lender given in advance which Lender may grant or withhold in the exercise of its sole discretion. For purposes of this Agreement the term “Permitted Indebtedness” shall mean
(a) amounts owed from time to time to Wells Fargo pursuant to its revolving and term loan facility (including any obligations pursuant to letters of credit issued thereunder) in the maximum aggregate amount of $6,000,000, (b) existing
notes and capital leases with (i) Centier in the amount of $103,697, (ii) Freeman-Spicer in the amount of $100,671 and (iii) Visalia Equipment Lease in the amount of $868,279, (d) amounts owed to John A. Martell
(“Martell”) in the amount of $2,078,841, (e) certain miscellaneous other capital leases in the amount of $18,778 and (f) indebtedness incurred for capital expenditures that do not exceed $100,000 in the aggregate per calendar
year and is secured only by the capital asset acquired with the indebtedness. 
 Notwithstanding anything to the contrary, neither Borrower
shall make any scheduled payment or prepayment of principal to Martell on account of loans or other extensions of credit or any other financial accommodations or payment to Martell (other than for reasonable compensation for services provided to a
Borrower, including reasonable expenses), excepts as follows: 
  

	 	(A)	$316,666 payment of principal on November __, 2011; 

  

	 	(B)	$120,000 payment of principal on December 29, 2011; 

  

	 	(C)	$250,000 payment of principal, no later than June 30, 2012; and 

  

	 	(D)	Commencing January 1, 2012, monthly payments of principal of $7,500 a month, increasing to $12,500 a month on January 1, 2013. 

6. Effective Date. This Agreement shall be effective as of the date all of the following conditions precedent have been met, in
the sole discretion of Lender: 
  

	 	(a)	 Borrowers shall have provided copies of the executed loan documents among Borrowers and Martell, reflecting (i) the payment schedule set forth in
Paragraph 5 above, (ii) a maturity date no earlier than October 31, 2013, (iii) an interest rate of (A) the Prime Rate plus two percent (2%), with a minimum interest rate of seven and one half of one percent (7 1/2%) through February 28, 2013, and (B) the Prime Rate
plus two percent (2%), with a minimum interest rate of nine and one half of one percent (9 1/2%) commencing March 1, 2013 and thereafter, and (iv) no prior security interest in Lender’s Collateral. 

 

	 	(b)	 Borrowers shall have provided copies of the executed loan documents (including all amendments) among Borrowers and Wells Fargo, reflecting (A) a
maximum borrowing amount of $6,000,000, (b) consent to the indebtedness to Lender, and (c) except as otherwise provided in Lender’s Subordination Agreement in favor of Wells Fargo, no prohibition on Lender’s ability to enforce
its rights against 

  
 - 13 -

 
Lender’s Collateral or ability to receive, for its sole benefit, proceeds from enforcement against Lender’s Collateral. 

 

	 	(c)	Borrowers shall have provided evidence to Lender that Lender has a second priority lien on Lender’s Collateral consisting of: 

(i) All of Magnetech’s machinery, equipment, tools and dies, hand tools, motor vehicles, rolling stock, leasehold improvements,
furniture, supplies, office equipment, computers and other data processing hardware, improvements, parts and other tangible personal property used or held for use in the operation of Magnetech (but only that which is located at Magnetech’s
Massillon Site or which is used at or in connection with or arises from the operation of or otherwise pertains to Magnetech’s business at its Massillon Site), whether now existing or hereafter arising, whether now owned or hereafter acquired or
whether now or hereafter subject to any rights in the foregoing property; and 
 (ii) All of Magnetech’s inventory (but
only that which is located at Magnetech’s Massillon Site or which is used at or in connection with or arises from the operation of or otherwise pertains to Magnetech’s business at its Massillon Site), (“Inventory”), now owned and
hereafter acquired, including, but not limited to, all raw materials, work-in-process, parts, finished goods, merchandise, and other personal property held for sale or lease or to be furnished under a contract of service for Magnetech’s own
account and all replacements, improvements, substitutions, attachments, accessories, and accessions thereon or thereto; 
 (iii)
All of Magnetech’s receivables (but only that which is located at Magnetech’s Massillon Site or which is used at or in connection with or arises from the operation of or otherwise pertains to Magnetech’s business at its Massillon
Site), (“Receivables”), now existing and hereafter coming into existence, including, but not limited to, accounts, contract rights, chattel paper, notes, drafts, acceptances, and other forms of receivables; 

(each as more fully set forth in the Security Agreement). 

7. Governing Law; Jurisdiction. This Agreement shall be construed in accordance with the laws of the State of Ohio without regard
to principles of conflict of laws. Any action or suit commended by any of the parties hereto concerning this Agreement shall be commenced and maintained in a court of competent jurisdiction located in the State of Ohio. 

8. Release of Claims. In consideration of this Agreement, each Borrower hereby releases and discharges Lender and its respective
shareholders, directors, member, officers, managers, employees, attorneys, affiliates and subsidiaries from any and all claims, demands, liability and causes of action whatsoever, now known or unknown, arising prior to the date hereof 

  
 - 14 -

 
out of or in any way related to the extension or administration of the Indebtedness of Borrowers or any security interest related thereto. 

9. No Set-Offs. Borrowers hereby declare that to the best of their knowledge, no Borrower has any set offs, counterclaims,
defenses or other causes of action against Lender. 
 10. Counterparts; Facsimile. This Agreement may be executed
in counterparts and all such counterparts shall constitute one agreement binding on all the parties, notwithstanding that the parties are not signatories to the same counterpart. The parties may execute this Agreement by facsimile or e-mail PDF, and
all such facsimiles or e-mail PDF signatures shall have the same force and effect as manual signatures delivered in person. 
 11. Fees and Expenses. Borrowers hereby agree, jointly and severally, to reimburse Lender for its reasonable out-of-pocket costs, fees and expenses incurred in connection with this Agreement and
all exhibits related hereto, including, without limitation, reasonable attorneys’ fees. 
 12. Representations
and Warranties. Each Borrower hereby represents and warrants to Lender that: (a) such Borrower has the legal power and authority to execute and delivery this Agreement; (b) the officials executing this
Agreement have been duly authorized to execute and deliver the same and bind such Borrower with respect to the provisions hereof; (c) the execution and delivery hereof by such Borrower and the performance and observance by such
Borrower of the provisions hereof do not violate or conflict with the organizational documents and agreements of such Borrower or any law applicable to such Borrower or result in a breach of any provisions of or constitute a default under any other
agreement, instrument, or document binding upon or enforceable against such Borrower or its properties; and (d) this Agreement constitutes a valid and binding obligation upon such Borrower in every respect. 

13. Controlling Effect. The provisions of this Agreement (including those provisions incorporated herein by reference) shall apply
to, and control in the event of any conflict with or ambiguity in, any and all of the documents referred to or incorporated by reference in this Agreement.  
 IN WITNESS WHEREOF, the parties have caused their duly authorized officers to execute this Agreement in multiple counterparts at the place and effective as of the date set forth at the outset. 

  
 - 15 -

 
	
	 MAGNETECH INDUSTRIAL SERVICES, INC.,
 an Indiana corporation

 
					
		
	By:	 	 
		 	Name:	 	Michael P. Moore
		 	Title:	 	President & CEO

  
 - 16 -

 
					
	MISCOR Group, Ltd, an Indiana corporation
		
	By:	 	 
		 	Name:	 	Michael P. Moore
		 	Title:	 	President & CEO
	
	BDeWees, Inc., an Ohio corporation
		
	By:	 	 
		 	Bernard L. DeWees, its President
	 

  
 - 17 -

 CONSENT OF XGEN III, LTD. 

Pursuant to Section 4 of the Intercreditor Agreement (defined above), XGen III, Ltd. hereby gives its advance written consent to the
provisions contained in and referred to in the foregoing Agreement. 
 Executed at _____________________, Ohio, on November __,
2011, by a duly authorized officer of XGen III, Ltd. 
  

			
	XGen III, Ltd., an Ohio limited liability company
		
	By:	 	 
		 	Thomas J. Embrescia, its President

  
 - 18 -

 THIS INSTRUMENT IS SUBJECT TO THE TERMS OF A SUBORDINATION AGREEMENT BY BDEWEES, INC. AND
XGEN III, LTD. IN FAVOR OF WELLS FARGO BANK, NATIONAL ASSOCIATION, ACTING THROUGH ITS WELLS FARGO BUSINESS CREDIT OPERATING DIVISION, DATED AS OF NOVEMBER 30, 2011. 
 SECOND AMENDED AND RESTATED 
 PROMISSORY NOTE 

(SECURED BY PERSONAL PROPERTY) 

Date of Note: November 30, 2007 
 Amendment: December 1, 2010 
 Principal Amount: $2,000,000.00 Second Amendment:
November 30, 2011 (the “Second Amendment Date”) 
 This Note amends and restates the original promissory note dated
November 30, 2007, as amended and restated on December 1, 2010, in the original principal amount of $2,000,000.00 made by Magnetech Industrial Services, Inc., an Indiana corporation, and MISCOR Group, Ltd., an Indiana
corporation, both with an address at 800 Nave Road SE, Massillon, Ohio 44646 (collectively “Borrowers”), and delivered to BDeWees, Inc., an Ohio corporation, (“Lender”) with an address at 6424 Selkirk Circle NW, Canton,
Ohio 44718. 
 PROMISE TO PAY. Borrowers, jointly and severally, promise to pay Lender, or order, in lawful money of the United States of
America, the principal amount of Two Million Dollars ($2,000,000.00), together with interest on the unpaid principal balance from November 30, 2007, until paid in full. 
 PAYMENT. Borrowers will pay regular monthly payments of all accrued unpaid interest to date, with the first such payment beginning January 1, 2008, and with all subsequent interest payments to
be due on the same day of each successive month thereafter. 
  

	 	(a)	Beginning on January 1, 2012 and through and including December 1, 2012, each monthly payment will consist of a principal payment of $10,000.00, plus all
unpaid interest accrued to the date of such installment payment. 

  

	 	(b)	Beginning on January 1, 2013, each monthly payment will consist of a principal payment of $15,000.00, plus all unpaid interest accrued to the date of such
installment payment. 

  

	 	(c)	Borrowers’ final payment on this Note, due on August 1, 2013, will be a balloon payment equal to the outstanding principal balance of this Note and all unpaid
interest having accrued to date. 

 Interest accruing on this Note for any given period is computed on the basis of a 360-day
year; that is, by dividing the annual interest rate by a year of 360-days, multiplied by the outstanding principal balance, multiplied by the actual number of days within the given period (not to exceed the number of days in which the amount of the
outstanding principal balance remained the same). Borrowers will pay Lender at 6424 Selkirk Circle NW, Canton, Ohio 44718 or at such other place as Lender may designate in writing. 

VARIABLE INTEREST RATE. (a) Beginning on the day after the Second Amendment Date through June 30, 2012, the interest
rate on this Note shall be the Index Rate plus six percentage points, but shall not be less than ten and one half of one percent
(10 1/2%) per annum without compounding, and
(b) commencing July 1, 2012 and thereafter, the interest rate on this Note shall be the Index Rate plus nine percentage 

  
 - 19 -

 
points, but shall not be less than nineteen percent (19%) per annum without compounding. Under no circumstances will the interest rate on this Note be more than the maximum rate allowed by
applicable law. 
 “Index Rate” means the prime rate published by The Wall Street Journal, and if that rate is not available
for any reason, then the prime rate announced by Charter One Bank, Cleveland, Ohio (“Bank”) from time to time which is not necessarily the lowest rate charged by Bank on its loans and is set by Bank in its sole discretion. If the Index
Rate becomes unavailable during the term of this Note, Lender may designate a substitute index from a comparable financial institution in the Cleveland, Ohio, area after notifying Borrowers. 
 PREPAYMENT. Borrowers may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed to by Lender in writing, relieve Borrowers of
Borrowers’ obligations to continue to make the monthly payments described above. Rather, early payments will reduce the principal balance due. Borrowers agree not to send Lender payments marked “paid in full”, “without
recourse”, or similar language. If Borrowers send such a payment, Lender may accept it without losing any of Lender’s rights under this Note, and Borrowers will remain obligated to pay any further amount owed to Lender. All written
communications concerning disputed amounts, including any check or other payment instrument which indicates that the payment constitutes “payment in full” of the amount owed or which is tendered with other conditions or limitations or as
full satisfaction of a disputed amount must be mailed or delivered to: BDeWees, Inc., 6424 Selkirk Circle NW, Canton, Ohio 44718. 
 LATE
CHARGE. If a payment is 7 days or more late, Borrowers will be charged 10.000% of the unpaid portion of the regularly scheduled payment. 
 INTEREST AFTER DEFAULT. Upon an Event of Default, including (a) failure to make any principal payments pursuant to that certain Loan Extension and Modification Agreement, dated
November 30, 2011, among Borrowers and Lender (the “Modification Agreement”), and (b) timely payment upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this
Note to five (5) percentage points over the then applicable interest rate. The interest rate will not exceed the maximum rate permitted by applicable law. 
 DEFAULT. Each of the following shall constitute an event of default (“Event of Default”) under this Note: 
 Payment Default. Borrowers fail to make any payment in full when due under this Note. 
 Other Defaults. Borrowers fail to comply with or to perform any other term, obligation, covenant or condition contained in this Note or to comply with or to perform any term, obligation, covenant
or condition contained in any other agreement between Lender and one or both Borrowers (including without limitation the Modification Agreement) or on any agreement by and between Lender and 3-D Service, Ltd (“3-D”) or contained in any
note made by Borrowers to XGen III, Ltd., an Ohio limited liability company (“XGen”) or in any agreement between XGen and any one or both Borrowers or in any agreement between XGen and 3-D. 

Cure Provisions. If any default, other than a default in payment is curable, it may be cured (and no event of default will have
occurred) if Borrowers, after receiving written notice from Lender demanding cure of such default cure the default within thirty (30) days. 
 LENDER’S RIGHTS. Upon an Event of Default, Lender may declare the entire unpaid principal balance on this Note and all accrued unpaid interest immediately due and payable, and then Borrowers
will pay that 

  
 - 20 -

 
amount. Lender’s rights are subject to the provisions of an Intercreditor Agreement dated November 30, 2007, by and between Lender and XGen. 

SECURITY. This Note is secured in accordance with the provisions of a security agreement between Lender and 3-D dated November 30, 2007, as
amended, by 3-D’s successor in interest by merger, Magnetech Industrial Services, Inc. (“Magnetech”), as well as in accordance with the provisions of other security agreements between Lender and Magnetech now or hereafter entered
into. 
 ATTORNEYS’ FEES; EXPENSES. Lender may hire or pay someone else to help collect this Note if Borrowers do not pay. Borrowers
will pay Lender the costs for collection efforts. This includes, subject to any limits under applicable law, Lender’s attorneys’ fees and Lender’s legal expenses, whether or not there is a lawsuit, including attorneys’ fees,
expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), and appeals. If not prohibited by applicable law, Borrowers also will pay any court costs, in addition to all other sums provided by law.
All of the amounts set forth in this paragraph shall become part of the principal amount due and owing under this Note, and as such shall bear interest hereunder until paid in full. Nevertheless, if Borrowers are prevailing parties in any claim or
lawsuit between Borrowers and Lender regarding this Note, then Borrowers shall not owe Lender any fees or expenses and, instead, Lender shall reimburse Borrowers for the attorneys fees and expenses they incur in such action. 

GOVERNING LAW. This Note will be governed by, construed and enforced in accordance with federal law and the laws of the State of Ohio. This Note has been
made and entered into in the State of Ohio. Borrowers consent to personal jurisdiction in the courts in the State of Ohio. 
 SUCCESSOR
INTERESTS. The terms of this Note shall be binding upon Borrowers, and upon Borrowers’ successors and assigns, and shall inure to the benefit of Lender and its successors and assigns. 

GENERAL PROVISIONS. If any part of this Note cannot be enforced, this fact will not affect the rest of the Note. Borrowers do not agree or intend
to pay, and Lender does not agree or intend to contract for, charge, collect, take, reserve or receive (collectively referred to herein as “charge or collect”), any amount in the nature of interest or in the nature of a fee for this loan,
which would in any way or event (including demand, prepayment, or acceleration) cause Lender to charge or collect more for this loan than the maximum Lender would be permitted to charge or collect by federal law or the law of the State of Ohio (as
applicable). Any such excess interest or unauthorized fee shall, instead of anything stated to the contrary, be applied first to reduce the principal balance of this Note, and when the principal has been paid in full, be refunded to Borrowers.
Lender may delay or forgo enforcing any of its rights or remedies under this Note without losing them. No single or partial exercise of any right, power or remedy of Lender shall preclude the exercise of any other right, power or remedy. Borrowers
and any other person who signs, guarantees or endorses this Note, to the extent allowed by law, waives presentment, demand for payment, and notice of dishonor. The records of Lender shall constitute presumptive evidence of the amounts owing under
this Note. Upon any change in the terms of this Note, and unless otherwise expressly stated in writing, no party who signs this Note, whether as maker, guarantor, accommodation maker or endorser, shall be released from liability. All such parties
agree that Lender may renew or extend (repeatedly and for any length of time) this Note or release any party or guarantor collateral; or impair, fail to realize upon or perfect Lender’s security interest in the collateral; and take any other
action deemed necessary by Lender without the consent of or notice to anyone. Borrowers, and all endorsers of this Note, hereby waive all acts on the part of the Lender or holder of this Note required in fixing Borrowers’ liability hereunder,
including, 

  
 - 21 -

 
without limitation, presentment, demand, notice of dishonor, protest, and notice of non-payment and protest, and any other notice whatsoever, and further waive any default by reason of extension
of time for payment or any other indulgence or forbearance granted to Borrowers or endorser hereof.. 
 Borrowers hereby acknowledge that the
proceeds of this Note have been used for business purposes and not for consumer, family or household purposes. 
 CONFESSION OF JUDGMENT.
Each of the Borrowers authorizes any attorney of record to appear for it in any court of record in the State of Ohio, after an obligation becomes due and payable whether by its terms or upon default, waive the issuance and service of process, and
release all errors, and confess a judgment against it in favor of the holder of such obligation, for the principal amount of such obligation plus interest thereon, together with court costs and attorneys’ fees. Stay of execution and all
exemptions are hereby waived. If any obligation is referred to an attorney for collection, and the payment is obtained without the entry of a judgment, the obligors shall pay to the holder of such obligation its attorneys’ fees. 

PRIOR TO SIGNING THIS NOTE, BORROWERS READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWERS
AGREE TO THE TERMS OF THE NOTE. 
 BORROWERS ACKNOWLEDGE RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE. 

  
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 BORROWERS: 

 

			
		  	MAGNETECH INDUSTRIAL SERVICES, INC.            

 By:______________________________________ 
 Its:______________________________________ 
 WARNING – BY SIGNING THIS PAPER YOU GIVE UP
YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE
CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THIS AGREEMENT, OR ANY OTHER CAUSE. 
  

			
		  	MISCOR GROUP, LTD.             

 By:______________________________________ 
 Its:______________________________________ 
 WARNING – BY SIGNING THIS PAPER YOU GIVE UP
YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE
CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THIS AGREEMENT, OR ANY OTHER CAUSE. 

  
 - 23 -

 LOAN EXTENSION AND MODIFICATION AGREEMENT 

THIS AGREEMENT, (“Agreement”) made on November 30, 2011, at Canton, Ohio, by and among Magnetech Industrial
Services, Inc. (“Magnetech”), an Indiana corporation, and MISCOR Group, Ltd. (“MISCOR”), an Indiana corporation, both with an address at 800 Nave Road, SE, Massillon, Ohio 44646 (collectively, “Borrowers”, and sometimes
individually a “Borrower”) and XGen III, Ltd. (“Lender”), an Ohio limited liability company with an address at 3029 Prospect Avenue, Cleveland, Ohio 44115. 
 RECITALS: 
 E. On or about November 30, 2007,
Borrowers and Lender closed on a transaction (the “Transaction”) in which, among other things, Borrowers became indebted, jointly and severally, to Lender in the amount of $2,000,000.00, as evidenced by Borrowers’ promissory note
dated November 30, 2007, for the principal amount of $2,000,000.00, executed and delivered to Lender and payable to it or its order, which contained additional terms and provisions, which such note was amended and restated on December 1,
2010 (collectively, the “Note”). 
 F. Borrowers’ indebtedness to Lender as of the date hereof under all
of the terms of the Note is $2,000,000.00, plus any interest accrued on the Note since Borrowers’ last payment of interest on the Note. Borrowers are not delinquent on payment of interest. 

G. As used in this Agreement, the term “Indebtedness” will mean Borrowers’ indebtedness to Lender under the Second
Amended Note (defined herein) – including principal, interest, and all other amounts which Borrowers now and in the future may owe to Lender under the terms of the Second Amended Note – together with any additional amounts Borrowers and
either of them may owe now or in the future to Lender pursuant to the terms of any of the other documents the parties executed as a part of or in connection with the said closing of the Transaction or as a part of the Loan Modification (defined
below), including this Agreement. 
 H. Borrowers wish to extend the time for Borrowers to repay the $2,000,000.00
presently owed to Lender in exchange for additional payments of principal, a first priority interest in certain collateral (subject to the prior interests of Wells Fargo Bank, National Association (“Wells Fargo”), and certain other changes
(the “Loan Modification”). 
 AGREEMENT: 

THEREFORE, in consideration of the foregoing and of the mutual agreements set forth herein, the parties agree as follows: 

14. Incorporation of Recitals. All of the recitals set forth above, including the definitions, are incorporated herein by
reference. 

  
 - 24 -

 15. Second Amendment and Restatement of Note. The Note will be amended and restated
as set forth in the form of the Second Amended and Restated Promissory Note, labeled as Exhibit A, attached and incorporated herein by reference (the “Second Amended Note”). 

16. Continued Effect of Intercreditor Agreement and Cross-Default. BDeWees, Inc. (“BDeWees”), an Ohio corporation, was
also a party to the Transaction in 2007, received its own promissory note from Borrowers, entered into a commercial security agreement to secure said note, and filed a UCC-1 financing statement, just like Lender. In order to memorialize their
respective rights and obligations, Lender and BDeWees entered into an Intercreditor Agreement dated November 30, 2007 (the “Intercreditor Agreement”). All provisions of the Intercreditor Agreement shall remain in full force and effect
notwithstanding the Loan Modification; provided, however, that references in the Intercreditor Agreement to the XGen Note, the XGen Security Agreement, the BDeWees Note, and the BDeWees Security Agreement will now refer to, respectively, the
Second Amended Note, the BeDwees Note as amended in connection with loan modifications identical to those for Lender (BDeWees’s own loan extension and modification agreement with Borrowers, which contains those identical modifications, will
sometimes be referred to herein as the “BDeWees Loan Modification”) and the XGen Security Agreement and the BDeWees Security Agreement, respectively, as amended. Any default under any one of the following four documents – the Second
Amended Note, the XGen Security Agreement, as amended, the BDeWees Note as amended in connection with the BDeWees Loan Modification, and the BDeWees Security Agreement, as amended – shall also constitute a default under the remaining three of
those documents. 
 17. Special Repayments Expected to Reduce Principal Payments. As a part of the Loan Modifications,
Borrowers and Lender further agree that Borrowers shall be required to make certain extra payments of principal to Lender on the Second Amended Note (each a “Special Repayment”) as follows: 

(a) Scheduled Special Repayments. Borrowers shall make Special Repayments on the dates and in the amounts set forth below: 

(i) November 30, 2011- $316,666; 
 (ii) December 29, 2011- $300,000; and 
 (iii) No later than June 30,
2012- $250,000. 
 In addition to the Special Payments set forth in this subsection (a), Borrowers shall make regularly scheduled
payments as more fully set forth in the Second Amended Note. 

  
 - 25 -

 (b) Additional Special Repayment. An additional Special Repayment shall be owed in the
circumstances described below. 
 “Change in Control”. At any time there is a Change of Control (as defined in
this paragraph) of a Borrower as a result of or contemporaneously with an exchange or issuance of securities to one or more persons, Borrowers will be required to pay the then remaining principal balance (plus all then accrued but unpaid interest)
under the Second Amended Note. For purposes of this Agreement, the term “Change in Control” shall mean a situation (whether occasioned by issuance, sales, or transfers of a Borrower’s securities or by any merger, consolidation,
recapitalization, reorganization, or other transaction involving a Borrower) in which: (A) for Magnetech, MISCOR no longer holds record or beneficial ownership of more than fifty percent (50%) of Magnetech’s outstanding capital stock
and/or no longer possesses the voting power to elect directly a majority of Magnetech’s board of directors; and (B) for MISCOR, any person, company or organization, not a five percent (5%) or more shareholder as of the date of this
Agreement, acquires record beneficial ownership of more than fifty percent (50%) of MISCOR’s outstanding capital stock. 
 (ci) Application and Effect of Special Repayment. Any Special Repayment shall be applied to reduce outstanding principal on the Second Amended Note; provided, however, that if Borrowers are
at that time delinquent in any installment payment or other amount then owed under the Second Amended Note, the Special Repayment will be applied first to satisfy the delinquency and the balance, if any, will be applied to reduce outstanding
principal. Nothing in this Agreement or in the Second Amended Note will be deemed to prevent or excuse any delinquency in making installment payments under the Second Amended Note, nor will any Special Repayment be deemed any type of prepayment of
one or more monthly installment payments under the Second Amended Note. Except as expressly provided above in this subsection (iv), each Special Repayment shall be applied to principal payments in the inverse order of their due date. 

Notwithstanding the foregoing, Lender acknowledges that payment of the foregoing Special Repayments shall be subject to the terms of a
Subordination Agreement in favor of Wells Fargo. 
 18. Lender’s Consent for Additional Indebtedness. Neither
Borrower shall incur additional indebtedness in excess of the Permitted Indebtedness without the written consent of Lender given in advance which Lender may grant or withhold in the exercise of its sole discretion. For purposes of this Agreement the
term “Permitted Indebtedness” shall mean (a) amounts owed from time to time to Wells Fargo pursuant to its revolving and term loan facility (including any  

  
 - 26 -

 
obligations pursuant to letters of credit issued thereunder) in the maximum aggregate amount of $6,000,000, (b) existing notes and capital leases with (i) Centier in the amount of
$103,697, (ii) Freeman-Spicer in the amount of $100,671 and (iii) Visalia Equipment Lease in the amount of $868,279, (d) amounts owed to John A. Martell (“Martell”) in the amount of $2,078,841, (e) certain miscellaneous
other capital leases in the amount of $18,778 and (f) indebtedness incurred for capital expenditures that do not exceed $100,000 in the aggregate per calendar year and is secured only by the capital asset acquired with the indebtedness.

 Notwithstanding anything to the contrary, neither Borrower shall make any scheduled payment or prepayment of principal to Martell on
account of loans or other extensions of credit or any other financial accommodations or payment to Martell (other than for reasonable compensation for services provided to a Borrower, including reasonable expenses), excepts as follows: 

 

	 	(A)	$316,666 payment of principal on November __, 2011; 

  

	 	(B)	$120,000 payment of principal on December 29, 2011; 

  

	 	(C)	$250,000 payment of principal, no later than June 30, 2012; and 

  

	 	(D)	Commencing January 1, 2012, monthly payments of principal of $7,500 a month, increasing to $12,500 a month on January 1, 2013. 

19. Effective Date. This Agreement shall be effective as of the date all of the following conditions precedent have been met, in
the sole discretion of Lender: 
  

	 	(d)	 Borrowers shall have provided copies of the executed loan documents among Borrowers and Martell, reflecting (i) the payment schedule set forth in
Paragraph 5 above, (ii) a maturity date no earlier than October 31, 2013, (iii) an interest rate of (A) the Prime Rate plus two percent (2%), with a minimum interest rate of seven and one half of one percent (7 1/2%) through February 28, 2013 and (B) the Prime Rate
plus two percent (2%), with a minimum interest rate of nine and one half of one percent (9 1/2%) commencing March 1, 2013 and thereafter, and (iv) no prior security interest in Lender’s Collateral. 

 

	 	(e)	Borrowers shall have provided copies of the executed loan documents (including all amendments) among Borrowers and Wells Fargo, reflecting (A) a maximum borrowing
amount of $6,000,000, (b) consent to the indebtedness to Lender, and (c) except as otherwise provided in Lender’s Subordination Agreement in favor of Wells Fargo, no prohibition on Lender’s ability to enforce its rights against
Lender’s Collateral or ability to receive, for its sole benefit, proceeds from enforcement against Lender’s Collateral. 

  
 - 27 -

	 	(f)	Borrowers shall have provided evidence to Lender that Lender has a second priority lien on Lender’s Collateral consisting of: 

(i) All of Magnetech’s machinery, equipment, tools and dies, hand tools, motor vehicles, rolling stock, leasehold improvements,
furniture, supplies, office equipment, computers and other data processing hardware, improvements, parts and other tangible personal property used or held for use in the operation of Magnetech (but only that which is located at Magnetech’s
Massillon Site or which is used at or in connection with or arises from the operation of or otherwise pertains to Magnetech’s business at its Massillon Site), whether now existing or hereafter arising, whether now owned or hereafter acquired or
whether now or hereafter subject to any rights in the foregoing property; and 
 (ii) All of Magnetech’s inventory (but only
that which is located at Magnetech’s Massillon Site or which is used at or in connection with or arises from the operation of or otherwise pertains to Magnetech’s business at its Massillon Site), (“Inventory”), now owned and
hereafter acquired, including, but not limited to, all raw materials, work-in-process, parts, finished goods, merchandise, and other personal property held for sale or lease or to be furnished under a contract of service for Magnetech’s own
account and all replacements, improvements, substitutions, attachments, accessories, and accessions thereon or thereto; 
 (iii)
All of Magnetech’s receivables (but only that which is located at Magnetech’s Massillon Site or which is used at or in connection with or arises from the operation of or otherwise pertains to Magnetech’s business at its Massillon
Site), (“Receivables”), now existing and hereafter coming into existence, including, but not limited to, accounts, contract rights, chattel paper, notes, drafts, acceptances, and other forms of receivables; 

	 	  	(each as more fully set forth in the Security Agreement). 

 20. Governing Law; Jurisdiction. This Agreement shall be construed in accordance with the laws of the State of Ohio without regard to principles of conflict of laws. Any action or suit commended by
any of the parties hereto concerning this Agreement shall be commenced and maintained in a court of competent jurisdiction located in the State of Ohio. 
 21. Release of Claims. In consideration of this Agreement, each Borrower hereby releases and discharges Lender and its respective shareholders, directors, member, officers, managers, employees,
attorneys, affiliates and subsidiaries from any and all claims, demands, liability and causes of action whatsoever, now known or unknown, arising prior to the date hereof out of or in any way related to the extension or administration of the
Indebtedness of Borrowers or any security interest related thereto. 

  
 - 28 -

 22. No Set-Offs. Borrowers hereby declare that to the best of their knowledge, no
Borrower has any set offs, counterclaims, defenses or other causes of action against Lender. 
 23. Counterparts;
Facsimile. This Agreement may be executed in counterparts and all such counterparts shall constitute one agreement binding on all the parties, notwithstanding that the parties are not signatories to the same counterpart. The parties may execute
this Agreement by facsimile or e-mail PDF, and all such facsimiles or e-mail PDF signatures shall have the same force and effect as manual signatures delivered in person. 

24. Fees and Expenses. Borrowers hereby agree, jointly and severally, to reimburse Lender for its reasonable out-of-pocket costs,
fees and expenses incurred in connection with this Agreement and all exhibits related hereto, including, without limitation, reasonable attorneys’ fees. 
 25. Representations and Warranties. Each Borrower hereby represents and warrants to Lender that: (a) such Borrower has the legal power and authority to execute and delivery this
Agreement; (b) the officials executing this Agreement have been duly authorized to execute and deliver the same and bind such Borrower with respect to the provisions hereof; (c) the execution and delivery hereof
by such Borrower and the performance and observance by such Borrower of the provisions hereof do not violate or conflict with the organizational documents and agreements of such Borrower or any law applicable to such Borrower or result in a breach
of any provisions of or constitute a default under any other agreement, instrument, or document binding upon or enforceable against such Borrower or its properties; and (d) this Agreement constitutes a valid and binding obligation
upon such Borrower in every respect. 
 26. Controlling Effect. The provisions of this Agreement (including those
provisions incorporated herein by reference) shall apply to, and control in the event of any conflict with or ambiguity in, any and all of the documents referred to or incorporated by reference in this Agreement.  

IN WITNESS WHEREOF, the parties have caused their duly authorized officers to execute this Agreement in multiple counterparts at the
place and effective as of the date set forth at the outset. 
  

					
	 MAGNETECH INDUSTRIAL SERVICES, INC.,
 an Indiana corporation

		
	By:	 	 
		 	Name:	 	Michael P. Moore
		 	Title:	 	President & CEO

  
 - 29 -

 
					
	MISCOR Group, Ltd, an Indiana corporation
		
	By:	 	 
		 	Name:	 	Michael P. Moore
		 	Title:	 	President & CEO
	
	XGen III, Ltd., an Ohio limited liability company
		
	By:	 	 
		 	Thomas J. Embrescia, its President

  
 - 30 -

 CONSENT OF BDEWEES, INC. 

Pursuant to Section 4 of the Intercreditor Agreement (defined above), BDeWees, Inc. hereby gives its advance written consent to the
provisions contained in and referred to in the foregoing Agreement. 
 Executed at _____________________, Ohio, on November __,
2011, by a duly authorized officer of BDeWees, Inc. 
  

			
	BDeWees, Inc., an Ohio corporation
		
	By:	 	 
		 	Bernard L. DeWees, its President

  
 - 31 -

 THIS INSTRUMENT IS SUBJECT TO THE TERMS OF A SUBORDINATION AGREEMENT BY BDEWEES, INC. AND
XGEN III, LTD. IN FAVOR OF WELLS FARGO BANK, NATIONAL ASSOCIATION, ACTING THROUGH ITS WELLS FARGO BUSINESS CREDIT OPERATING DIVISION, DATED AS OF NOVEMBER 30, 2011. 
 SECOND AMENDED AND RESTATED 
 PROMISSORY NOTE 

(SECURED BY PERSONAL PROPERTY) 

Date of Note: November 30, 2007 
 Amendment: December 1, 2010 
 Principal Amount: $2,000,000.00 Second Amendment:
November 30, 2011 (the “Second Amendment Date”) 
 This Note amends and restates the original promissory note dated
November 30, 2007, as amended and restated on December 1, 2010, in the original principal amount of $2,000,000.00 made by Magnetech Industrial Services, Inc., an Indiana corporation, and MISCOR Group, Ltd., an Indiana
corporation, both with an address at 800 Nave Road SE, Massillon, Ohio 44646 (collectively “Borrowers”), and delivered to XGen III, Ltd., an Ohio limited liability company, (“Lender”) with an address at 3029 Prospect Ave,
Cleveland, Ohio 44115. 
 PROMISE TO PAY. Borrowers, jointly and severally, promise to pay Lender, or order, in lawful money of the
United States of America, the principal amount of Two Million Dollars ($2,000,000.00), together with interest on the unpaid principal balance from November 30, 2007, until paid in full. 
 PAYMENT. Borrowers will pay regular monthly payments of all accrued unpaid interest to date, with the first such payment beginning January 1, 2008, and with all subsequent interest payments to
be due on the same day of each successive month thereafter. 
  

	 	(d)	Beginning on January 1, 2012 and through and including December 1, 2012, each monthly payment will consist of a principal payment of $10,000.00, plus
all unpaid interest accrued to the date of such installment payment. 

  

	 	(e)	Beginning on January 1, 2013, each monthly payment will consist of a principal payment of $15,000.00, plus all unpaid interest accrued to the date of such
installment payment. 

  

	 	(f)	Borrowers’ final payment on this Note, due on August 1, 2013, will be a balloon payment equal to the outstanding principal balance of this Note and all unpaid
interest having accrued to date. 

 Interest accruing on this Note for any given period is computed on the basis of a 360-day
year; that is, by dividing the annual interest rate by a year of 360-days, multiplied by the outstanding principal balance, multiplied by the actual number of days within the given period (not to exceed the number of days in which the amount of the
outstanding principal balance remained the same). Borrowers will pay Lender at 3029 Prospect Ave, Cleveland, Ohio 44115 or at such other place as Lender may designate in writing. 

VARIABLE INTEREST RATE. (a) Beginning on the day after the Second Amendment Date through June 30, 2012, the interest
rate on this Note shall be the Index Rate plus six percentage points, but shall not be less than ten and one half of one percent
(10 1/2%) per annum without compounding, and
(b) commencing July 1, 2012 and thereafter, the interest rate on this Note shall be the Index Rate plus nine percentage 

  
 - 32 -

 
points, but shall not be less than nineteen percent (19%) per annum without compounding. Under no circumstances will the interest rate on this Note be more than the maximum rate allowed by
applicable law. 
 “Index Rate” means the prime rate published by The Wall Street Journal, and if that rate is not available
for any reason, then the prime rate announced by Charter One Bank, Cleveland, Ohio (“Bank”) from time to time which is not necessarily the lowest rate charged by Bank on its loans and is set by Bank in its sole discretion. If the Index
Rate becomes unavailable during the term of this Note, Lender may designate a substitute index from a comparable financial institution in the Cleveland, Ohio, area after notifying Borrowers. 
 PREPAYMENT. Borrowers may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed to by Lender in writing, relieve Borrowers of
Borrowers’ obligations to continue to make the monthly payments described above. Rather, early payments will reduce the principal balance due. Borrowers agree not to send Lender payments marked “paid in full”, “without
recourse”, or similar language. If Borrowers send such a payment, Lender may accept it without losing any of Lender’s rights under this Note, and Borrowers will remain obligated to pay any further amount owed to Lender. All written
communications concerning disputed amounts, including any check or other payment instrument which indicates that the payment constitutes “payment in full” of the amount owed or which is tendered with other conditions or limitations or as
full satisfaction of a disputed amount must be mailed or delivered to: XGen III, Ltd., 3029 Prospect Ave, Cleveland, Ohio 44115. 

LATE CHARGE. If a payment is 7 days or more late, Borrowers will be charged 10.000% of the unpaid portion of the regularly scheduled payment.

 INTEREST AFTER DEFAULT. Upon an Event of Default, including (a) failure to make any principal payments pursuant to that
certain Loan Extension and Modification Agreement, dated November 30, 2011, among Borrowers and Lender (the “Modification Agreement”), and (b) timely payment upon final maturity, Lender, at its option, may, if permitted under
applicable law, increase the variable interest rate on this Note to five (5) percentage points over the then applicable interest rate. The interest rate will not exceed the maximum rate permitted by applicable law. 

DEFAULT. Each of the following shall constitute an event of default (“Event of Default”) under this Note: 

Payment Default. Borrowers fail to make any payment in full when due under this Note. 

Other Defaults. Borrowers fail to comply with or to perform any other term, obligation, covenant or condition contained in this
Note or to comply with or to perform any term, obligation, covenant or condition contained in any other agreement between Lender and one or both Borrowers (including without limitation the Modification Agreement) or on any agreement by and between
Lender and 3-D Service, Ltd (“3-D”) or contained in any note by Borrowers to BDeWees, Inc., an Ohio corporation (“BDeWees”) or in any agreement between BDeWees and any one or both Borrowers or in any agreement between BDeWees and
3-D. 
 Cure Provisions. If any default, other than a default in payment is curable, it may be cured (and no event of
default will have occurred) if Borrowers, after receiving written notice from Lender demanding cure of such default cure the default within thirty (30) days. 
 LENDER’S RIGHTS. Upon an Event of Default, Lender may declare the entire unpaid principal balance on this Note and all accrued unpaid interest immediately due and payable, and then Borrowers
will pay that 

  
 - 33 -

 
amount. Lender’s rights are subject to the provisions of an Intercreditor Agreement dated November 30, 2007, by and between Lender and BDeWees. 

SECURITY. This Note is secured in accordance with the provisions of a security agreement between Lender and 3-D dated November 30, 2007, as
amended, by 3-D’s successor in interest by merger, Magnetech Industrial Services, Inc. (“Magnetech”), as well as in accordance with the provisions of other security agreements between Lender and Magnetech now or hereafter entered
into. 
 ATTORNEYS’ FEES; EXPENSES. Lender may hire or pay someone else to help collect this Note if Borrowers do not pay. Borrowers
will pay Lender the costs for collection efforts. This includes, subject to any limits under applicable law, Lender’s attorneys’ fees and Lender’s legal expenses, whether or not there is a lawsuit, including attorneys’ fees,
expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), and appeals. If not prohibited by applicable law, Borrowers also will pay any court costs, in addition to all other sums provided by law.
All of the amounts set forth in this paragraph shall become part of the principal amount due and owing under this Note, and as such shall bear interest hereunder until paid in full. Nevertheless, if Borrowers are prevailing parties in any claim or
lawsuit between Borrowers and Lender regarding this Note, then Borrowers shall not owe Lender any fees or expenses and, instead, Lender shall reimburse Borrowers for the attorneys fees and expenses they incur in such action. 

GOVERNING LAW. This Note will be governed by, construed and enforced in accordance with federal law and the laws of the State of Ohio. This Note has been
made and entered into in the State of Ohio. Borrowers consent to personal jurisdiction in the courts in the State of Ohio. 
 SUCCESSOR
INTERESTS. The terms of this Note shall be binding upon Borrowers, and upon Borrowers’ successors and assigns, and shall inure to the benefit of Lender and its successors and assigns. 

GENERAL PROVISIONS. If any part of this Note cannot be enforced, this fact will not affect the rest of the Note. Borrowers do not agree or intend
to pay, and Lender does not agree or intend to contract for, charge, collect, take, reserve or receive (collectively referred to herein as “charge or collect”), any amount in the nature of interest or in the nature of a fee for this loan,
which would in any way or event (including demand, prepayment, or acceleration) cause Lender to charge or collect more for this loan than the maximum Lender would be permitted to charge or collect by federal law or the law of the State of Ohio (as
applicable). Any such excess interest or unauthorized fee shall, instead of anything stated to the contrary, be applied first to reduce the principal balance of this Note, and when the principal has been paid in full, be refunded to Borrowers.
Lender may delay or forgo enforcing any of its rights or remedies under this Note without losing them. No single or partial exercise of any right, power or remedy of Lender shall preclude the exercise of any other right, power or remedy. Borrowers
and any other person who signs, guarantees or endorses this Note, to the extent allowed by law, waives presentment, demand for payment, and notice of dishonor. The records of Lender shall constitute presumptive evidence of the amounts owing under
this Note. Upon any change in the terms of this Note, and unless otherwise expressly stated in writing, no party who signs this Note, whether as maker, guarantor, accommodation maker or endorser, shall be released from liability. All such parties
agree that Lender may renew or extend (repeatedly and for any length of time) this Note or release any party or guarantor collateral; or impair, fail to realize upon or perfect Lender’s security interest in the collateral; and take any other
action deemed necessary by Lender without the consent of or notice to anyone. Borrowers, and all endorsers of this Note, hereby waive all acts on the part of the Lender or holder of this Note required in fixing Borrowers’ liability hereunder,
including, 

  
 - 34 -

 
without limitation, presentment, demand, notice of dishonor, protest, and notice of non-payment and protest, and any other notice whatsoever, and further waive any default by reason of extension
of time for payment or any other indulgence or forbearance granted to Borrowers or endorser hereof.. 
 Borrowers hereby acknowledge that the
proceeds of this Note have been used for business purposes and not for consumer, family or household purposes. 
 CONFESSION OF JUDGMENT.
Each of the Borrowers authorizes any attorney of record to appear for it in any court of record in the State of Ohio, after an obligation becomes due and payable whether by its terms or upon default, waive the issuance and service of process, and
release all errors, and confess a judgment against it in favor of the holder of such obligation, for the principal amount of such obligation plus interest thereon, together with court costs and attorneys’ fees. Stay of execution and all
exemptions are hereby waived. If any obligation is referred to an attorney for collection, and the payment is obtained without the entry of a judgment, the obligors shall pay to the holder of such obligation its attorneys’ fees. 

PRIOR TO SIGNING THIS NOTE, BORROWERS READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWERS
AGREE TO THE TERMS OF THE NOTE. 
 BORROWERS ACKNOWLEDGE RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE. 

  
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 BORROWERS: 

 

			
		  	MAGNETECH INDUSTRIAL SERVICES, INC.             

 By:______________________________________ 
 Its:______________________________________ 
 WARNING – BY SIGNING THIS PAPER YOU GIVE UP
YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE
CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THIS AGREEMENT, OR ANY OTHER CAUSE. 
  

			
		  	MISCOR GROUP, LTD.             

 By:______________________________________ 
 Its:______________________________________ 
 WARNING – BY SIGNING THIS PAPER YOU GIVE UP
YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE
CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THIS AGREEMENT, OR ANY OTHER CAUSE. 

  
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 Exhibit B-2 
 to Tenth Amendment to Credit and Security Agreement 
 Martell
Modification Agreements 
 MUTUAL RELEASE 
 This Mutual Release (the “Release”) is made by and among MISCOR GROUP, LTD., an Indiana corporation (“MISCOR”), John A. Martell and Bonnie Martell (the “Martells”), Martell
Electric, LLC, an Indiana liability company (“Martell Electric”), and Ideal Consolidated, Inc., an Indiana corporation (“Ideal Consolidated”). The Martells, Martell Electric and Ideal Consolidated are called the “Martell
Parties.” 
 Recitals 
 A. The Martell Parties entered into a February 3, 2010 Purchase Agreement with MISCOR (the “Agreement”). Among other things, the Agreement provided for the sale from MISCOR to the Martells
of Ideal Consolidated and Martell Electric. 
 B. A dispute arose between the Martell Parties and MISCOR concerning certain
terms and obligations under the Agreement. The primary disputed issue, from which most of the other disputes flowed, was whether the amount of working capital left by MISCOR in Martell Electric and Ideal Consolidated was too low. 

C. The parties to this Agreement desire that all disputes presently existing among them, including, without limitation, all disputes
arising out of the Agreement, be settled and that the parties be spared the trouble and expense of litigation. They also mutually desire that all of the terms and conditions of their compromise and settlement be and remain strictly confidential.

 D. Simultaneous with the execution of this Release: 

(1) MISCOR shall give the Martells the Amended Promissory Note, a copy of which is attached as Exhibit A.

 (2) The Martells shall deliver to MISCOR an executed subordination agreement relating to MISCOR’s
indebtedness to Wells Fargo Bank and BDeWees, Inc. and XGen III, Ltd. The subordination agreements are attached 

 
as Exhibit B (Wells Fargo Bank) and Exhibit C (BDeWees, Inc. and XGen III, Ltd.). 
 (3) MISCOR shall execute extensions of the leases for the facilities it leases in Hammond, Indiana and Boardman, Ohio, as described in the Letter Agreement. 

Agreement 

In consideration of the matters set forth in the Recitals, the conditions and terms of this Release, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1. Release by
the Martell Parties. Upon payment of (a) the $316,666 principal payment due under the Amended Promissory Note at MISCOR’S closing of its refinancing with Wells Fargo Bank and, (b) the corrected interest payment due for the period
of time in 2010 when the amount of subdebt to the Martells was being determined, the Martell Parties release and discharge MISCOR and its former, present and future subsidiaries, divisions, affiliates, shareholders, agents, officers, directors,
employees, successors, assigns, insurers, and any and all other persons or entities acting by, through or under any of them, both individually and in their representative capacities (collectively, the “Martell Releasees”) from any and all
obligations, claims, demands, damages, actions, causes of action or liabilities of whatsoever nature, whether known or unknown, disclosed or undisclosed, accrued or contingent, that the Martell Parties now have against any of the Martell Releasees,
including, without limitation, any claims arising on or before the date hereof out of the Agreement, but specifically excluding any and all obligations of future payment or performance pursuant to the (e) Amended Promissory Note, (f) any
real estate leases, (g) the agreements under which security interests are granted to secure the indebtedness represented by the Amended Promissory Note, (h) the obligation of MISCOR or its subsidiaries to pay John A. Martell for services
or reimburse John A. Martell for expenses he incurred in performing services for MISCOR or its subsidiaries; and (i) any instruments or rights relating to the ownership or equity in MISCOR. 

  
 - 38 -

 2. Release by MISCOR. MISCOR, for itself, its successors and assigns, hereby releases
and discharges each of the Martell Parties from any and all obligations, claims, demands, damages, actions, causes of action or liabilities of whatsoever nature, whether known or unknown, disclosed or undisclosed, accrued or contingent, that MISCOR
now has or may have against any of the Martell Parties, including, without limitation, any claims arising on or before the date hereof out of the Agreement, but specifically excluding any and all obligations of future payment or performance pursuant
to the (a) Amended Promissory Note, and (b) any security agreements which presently secure MISCOR’s obligations to the Martell Parties, Martell Electronic and Ideal Consolidated, and (c) any leases between the Martell Parties and
MISCOR. 
 3. Confidentiality. The parties agree to keep completely confidential and not disclose the terms and
conditions of this Release except to the extent required by law. 
 4. No Admission. The parties acknowledge that this
Release constitutes a compromise and settlement of disputed claims, that the parties deny and continue denying liability for any and all claims, and that this Release and the actions taken pursuant to this Release do not constitute any
acknowledgment or admission on the part of any party of any liability or a precedent upon which any liability may be asserted. 

5. Binding On Successors and Assigns. The terms and conditions of this Release shall be binding upon and shall inure to the
benefit of the parties and their respective successors and assigns. 
 6. Governing Law. This Release and the
parties’ obligations hereunder shall be construed under and governed by the internal laws of Indiana, without regard to principles of choice of law. 
 7. Entire Agreement. This Release, the Amended Promissory Note, the documents and instruments providing security for the Amended Promissory Note, and the related subordination agreements given by
the Martells to Wells Fargo and BDeWees, Inc. and XGen III, Ltd. (“Subordination Agreements”) contain the entire agreement of the parties with respect to the settlement of the disputed claims and all other claims the parties have or could
have asserted as of the date of execution of this Release. In executing this Release, no party 

  
 - 39 -

 
has relied on representations or promises of any other party other than the representations and promises contained in this Release, the Letter Agreement, the Amended Promissory Note, the
Subordination Agreements, and the lease extensions. 
 8. Captions. The captions in this Release are for convenience
only, are not integral parts of this Release, and are not to be construed in the interpretation of any part of this Release. 

9. Negotiated Release; Construction. This Release is the result of negotiations among the parties, and no party shall be deemed to
be the drafter of this Release. The language and all parts of this Release shall in all cases be construed as a whole, according to their fair meanings, and not strictly for or against any party. 

10. Advice of Counsel. Each party to this Release has been represented by legal counsel of his or its own choice in the
negotiation of the compromise and settlement provided for in this Release, and each party has freely decided to enter into this Release after receiving advice from its own legal counsel about the legal effect of this Release. 

  
 - 40 -

 IN WITNESS WHEREOF, the parties have executed this Release on the dates provided below.

  

			
	MISCOR GROUP, INC.

 Date: November __, 2011 

					
		
	By:	 	 
	Printed:	 		 	Michael P. Moore
	Title:	 		 	President

  

			
	MARTELL ELECTRIC, LLC

 Date: November __, 2011 

					
		
	By:	 	 
	Printed:	 		 	John A. Martell
	Title:	 		 	President

  

					
	IDEAL CONSOLIDATED, INC.
		
	By:	 	 
	Printed:	 		 	John A. Martell
	Title:	 		 	President

 Date: November __, 2011 

	
	
	  
	John A. Martell
	
	  
	Bonnie Martell

  
 - 41 -

 AMENDED PROMISSORY NOTE 

(SECURED) 

$1,680,094.60 
 November __, 2011

 South Bend, Indiana 
 THIS INSTRUMENT REPLACES A $425,149 FEBRUARY 3, 2010 SECURED PROMISSORY NOTE. 
 THIS INSTRUMENT IS SUBJECT TO THE TERMS OF AN AMENDED AND RESTATED SUBORDINATION AGREEMENT BY JOHN A. MARTELL IN FAVOR OF WELLS FARGO BANK, NATIONAL ASSOCIATION, ACTING THROUGH ITS WELLS FARGO BUSINESS
CREDIT OPERATING DIVISION, DATED AS OF NOVEMBER ___, 2011. 
 FOR VALUE RECEIVED, the undersigned, MISCOR GROUP,
LTD., an Indiana corporation (the “Borrower”), hereby promises to pay to the order of JOHN A. MARTELL, a resident of Michigan (the “Lender”), at his residence of 61249 Howell Drive, Cassopolis, Michigan
49031 or at such other place as the holder hereof may designate in writing, in lawful money of the United States of America, the principal sum of One Million, Six Hundred Eighty Thousand, Ninety-Four and 60/100 Dollars ($1,680,094.60), or such
lesser principal sum as may then be owed by the Borrower to the Lender under this Amended Promissory Note (Secured) (the “Note”), and any remaining accrued interest (as set forth below), on or before the earlier of the following
dates: 
 The entire unpaid principal of the Note, and any unpaid and accrued interest thereon, shall be due in full on
October 31, 2013 (the “Stated Maturity Date”). 
 THE UNPAID INDEBTEDNESS EVIDENCED HEREBY SHALL BECOME
IMMEDIATELY DUE AND PAYABLE UPON THE STATED MATURITY DATE, TOGETHER WITH ANY REMAINING ACCRUED INTEREST THEREON (AS SET FORTH BELOW). 
 This Note shall bear interest as follows: 
  

	 	(a)	From today through February 28, 2013, interest on the unpaid principal amount shall be the greater of 7.5% or 2% plus Prime (as defined below);

  

	 	(b)	From March 1, 2013 until the Stated Maturity Date, interest on the unpaid principal amount shall be the greater of 9.5% or 2% plus Prime; 

 

	 	(c)	The rate of interest on the unpaid principal balance, for any of the time periods set forth in subparagraphs (a) and (b) above, shall be fixed at the
beginning date of each time period. 

  

	 	(d)	 As used in this Note, “Prime” shall mean the prime rate of interest published in the “Money Rates” section of The Wall Street
Journal. In the event The Wall Street Journal ceases to be published on a current basis or ceases to include publication of the “Prime Rate,” then the Lender or his assignee will select an alternative measure of the cost of
money which, in the 

  
 - 42 -

	 	
Lender’s judgment, is reasonably equivalent to the “Prime Rate” as previously published in The Wall Street Journal, which alternative cost of money shall be
“Prime.” 

 The first special payment of principal shall be made on the date upon which the Borrower
refinances its primary financing facilities with Well Fargo Bank National Association. The first special payment of principal shall be in the amount of Three Hundred Sixteen Thousand Six Hundred Sixty-six Dollars ($316, 666.00). 

The second special payment of principal, in the amount of One Hundred, Twenty Thousand Dollars ($120,000.00) shall be made on or before
December 29, 2011. 
 The third special payment of principal, in the amount of Two Hundred, Fifty Thousand Dollars
($250,000), shall be made on or before June 30, 2012. 
 Regular installment payments on the principal sum shall begin
January 1, 2012, and shall be made on the first day of each consecutive month thereafter in amounts of not less than Seven Thousand Five Hundred Dollars ($7,500). Effective January 1, 2013, and on the first day of each consecutive calendar
month until the Stated Maturity Date, installment payments on the principal sum shall be not less than Twelve Thousand Five Hundred Dollars ($12,500), with the final payment of the entire unpaid principal, and all unpaid accrued interest thereon,
due on the Stated Maturity Date. All payments of principal shall be accompanied by a payment of all then-accrued but unpaid interest, including unpaid interest which may have accrued prior to the date of this Note. Payments of both principal and
interest hereunder are to be made in immediately available funds. 
 At any time there is a Change in Control (as defined in
this paragraph) of Borrower as a result of or contemporaneously with an exchange or issuance of securities to one or more persons, Borrower will be required to pay the then-remaining principal balance (plus all then accrued but unpaid interest)
under this Note. For purposes of this Agreement, the term “Change in Control” shall mean a situation (whether occasioned by issuance, sales, or transfers of a Borrower’s securities or by any merger, consolidation, recapitalization,
reorganization, or other transaction involving a Borrower) in which any person, company or organization, not a five percent (5%) or more shareholder as of the date of this Agreement, acquires record beneficial ownership of more than fifty
percent (50%) of MISCOR’s outstanding capital stock. 
 If Wells Fargo Bank, National Association lawfully prevents
the Borrower from making payments of principal, then Borrower shall, nonetheless, make payments of any then-accrued but unpaid interest which would otherwise be payable on the principal payment date. 

If the Borrower fails, refuses, or is prevented from paying any principal, interest, charges, costs, expenses and/or fees in accordance
with the terms of this Note (“Event of Default”), then Lender shall be entitled, at his sole option, to accelerate the then outstanding indebtedness hereunder and to take all other action permissible by law. Upon an Event of
Default, the Lender at his option may, if permitted under applicable law, increase the rate of interest on this Note to Five (5) percentage points (“Default Rate of Interest”) over the then applicable interest rate. The Default Rate
of Interest will not exceed the maximum rate permitted by applicable law. 
 The remedies of the Lender as provided in this Note
shall be cumulative and concurrent, and may be pursued singly, successively, or together against the Borrower, and/or against any collateral or guarantor, at the sole discretion of the Lender. 

  
 - 43 -

 The Borrower hereby waives presentment for payment, demand, notice of nonpayment, notice of
dishonor, protest of any dishonor, notice of protest, and protest of this Note and all other notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note, and agrees that its liability shall
not in any manner be affected by any indulgence, extension of time, renewal, waiver or modification granted or consented to by the Lender; and the Borrower agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto
without notice to the Borrower or affecting the Borrower’s liability hereunder. 
 It is the intent of the Lender and the
Borrower that the rate of interest and all other charges to the Borrower be lawful. If for any reason the payment of a portion of the interest or other charges otherwise required to be paid under this Note would exceed the limit which the Lender may
lawfully charge the Borrower, then the obligation to pay interest or other charges shall automatically be reduced to such limit. 
 The Lender shall not by any act of omission or commission be deemed to waive any of its rights or remedies hereunder unless such waiver be in writing and signed by the Lender (and then only to the extent
specifically set forth therein). A waiver of any one event shall not be construed as continuing or as a bar to or waiver of such right or remedy on a subsequent event. 
 Whenever possible, each provision of this Note shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Note shall be prohibited or invalid under
such law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions of this Note. 
 This Note shall not be amended, supplemented or modified except pursuant to a writing signed by both the Lender and the Borrower. 
 If at any time or times, the Lender: (a) employs counsel in good faith for advice or other representation (i) with respect to this Note or any collateral securing this Note, (ii) to
represent Lender in any restructuring, workout, litigation, contest, dispute, suit or proceeding or to commence, defend or intervene or to take any other action in or with respect to any litigation, contest, dispute or proceeding (whether instituted
by the Lender, the Borrower or any other person or entity) in any way or respect relating to this Note or any collateral securing this Note, or (iii) to enforce any rights of the Lender against the Borrower; (b) takes any action to
protect, collect, sell, liquidate or otherwise dispose of any collateral securing this Note; and/or (c) attempts to or enforces any of the Lender’s rights and remedies against the Borrower; then the costs and expenses incurred by
the Lender shall be part of the indebtedness evidenced by this Note, payable by the Borrower to the Lender on demand. Without limiting the generality of the foregoing, such expenses and costs include any and all court costs, reasonable
attorneys’ fees and expenses, and accountants’ fees and expenses. 
 Payment of this Note is secured pursuant to that
certain Security Agreement dated as of February 10, 2010 (the “Security Agreement”), and other related documents dealing with the grant of security for the indebtedness represented by this Note. 

This Note may be prepaid in advance of the installments above or the stated Maturity Date, without penalty and at the election of
Borrower at any time. 
 This Note shall inure to the benefit of the Lender and its successors and assigns and shall be binding
upon the Borrower and its successors and permitted assigns. As used herein the term “Lender” shall mean and include the successors and assigns of the identified payee and the holder or holders of this Note from time to time. 

  
 - 44 -

 THIS NOTE SHALL BE CONSTRUED IN ALL RESPECTS IN ACCORDANCE WITH, AND ENFORCED AND GOVERNED
BY THE INTERNAL LAWS OF INDIANA, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES. 
 THE BORROWER AND THE LENDER HEREBY
IRREVOCABLY AND KNOWINGLY WAIVE (TO THE FULLEST EXTENT PERMITTED BY LAW) ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING (INCLUDING, WITHOUT LIMITATION, ANY COUNTERCLAIM) ARISING OUT OF THIS NOTE OR ANY COLLATERAL SECURING THIS NOTE,
INCLUDING, WITHOUT LIMITATION, ANY ACTION OR PROCEEDING (A) TO ENFORCE OR DEFEND ANY RIGHTS UNDER OR IN CONNECTION WITH THIS NOTE OR THE SECURITY AGREEMENT, OR (B) ARISING FROM ANY DISPUTE OR CONTROVERSY IN CONNECTION WITH OR RELATED TO
THIS NOTE OR THE SECURITY AGREEMENT. THE LENDER AND THE BORROWER AGREE THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT A JURY. 
 IN WITNESS WHEREOF, the Borrower has caused this Note to be duly executed by its authorized officer as of the date first above written. 

 

			
	MISCOR GROUP, LTD
		
	By:	 	 
		 	 Michael P. Moore, President and
 Chief Executive Officer

  
 - 45 -

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