Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

 
  

CREDIT AGREEMENT 
 dated as of
November 24, 2014 
 among 

THE NASDAQ OMX GROUP, INC., 
 as
Borrower, 
 The Lenders Party Hereto 

and 
 BANK OF AMERICA, N.A., 

as Administrative Agent, 
 a
Swingline Lender and Issuing Bank 
  
  

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, J.P. MORGAN 

SECURITIES LLC, MERCHANT BANKING, 

SKANDINAVISKA ENSKILDA BANKEN AB (publ.), MIZUHO BANK, LTD., NORDEA BANK 

FINLAND PLC, NEW YORK BRANCH and WELLS FARGO SECURITIES, LLC, 

as Joint Lead Arrangers and Joint Bookrunning Managers 

JPMORGAN CHASE BANK, N.A., MERCHANT BANKING, SKANDINAVISKA ENSKILDA 

BANKEN AB (publ.), MIZUHO BANK, LTD., NORDEA BANK FINLAND PLC, NEW YORK 

BRANCH and WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Syndication Agents 
 TD BANK,
N.A. and HSBC BANK USA, N.A. 
 as Documentation Agents 

Cahill Gordon & Reindel LLP 

80 Pine Street 
 New York, New York
10005 
  
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	
	ARTICLE I	  
	
	DEFINITIONS	  
			
	 SECTION 1.01
	  	Defined Terms	  	 	1	  
	 SECTION 1.02
	  	Classification of Loans and Borrowings	  	 	27	  
	 SECTION 1.03
	  	Terms Generally; Times of Day	  	 	27	  
	 SECTION 1.04
	  	Accounting Terms; GAAP	  	 	27	  
	 SECTION 1.05
	  	Pro Forma Calculations	  	 	27	  
	 SECTION 1.06
	  	Letter of Credit Amounts	  	 	28	  
	 SECTION 1.07
	  	Exchange Rates; Currency Equivalents	  	 	28	  
	 SECTION 1.08
	  	Additional Alternative Currencies	  	 	28	  
	 SECTION 1.09
	  	Change of Currency	  	 	29	  
	
	ARTICLE II	  
	
	THE CREDITS	  
			
	 SECTION 2.01
	  	Commitments	  	 	30	  
	 SECTION 2.02
	  	Funding of Loans	  	 	30	  
	 SECTION 2.03
	  	Requests for Borrowings	  	 	30	  
	 SECTION 2.04
	  	Swingline Loans	  	 	32	  
	 SECTION 2.05
	  	Letters of Credit	  	 	35	  
	 SECTION 2.06
	  	Termination and Reduction of Commitments	  	 	42	  
	 SECTION 2.07
	  	Repayment of Loans; Evidence of Debt	  	 	43	  
	 SECTION 2.08
	  	[Reserved]	  	 	43	  
	 SECTION 2.09
	  	Prepayment of Loans	  	 	43	  
	 SECTION 2.10
	  	Fees	  	 	44	  
	 SECTION 2.11
	  	Interest	  	 	45	  
	 SECTION 2.12
	  	Alternate Rate of Interest	  	 	46	  
	 SECTION 2.13
	  	Increased Costs	  	 	47	  
	 SECTION 2.14
	  	Break Funding Payments	  	 	48	  
	 SECTION 2.15
	  	Taxes	  	 	49	  
	 SECTION 2.16
	  	Payments Generally; Pro Rata Treatment; Sharing of Setoffs	  	 	51	  
	 SECTION 2.17
	  	Mitigation Obligations; Replacement of Lenders	  	 	53	  
	 SECTION 2.18
	  	Incremental Revolving Commitments	  	 	54	  
	
	ARTICLE III	  
	
	REPRESENTATIONS AND WARRANTIES	  
			
	 SECTION 3.01
	  	Organization; Powers	  	 	55	  
	 SECTION 3.02
	  	Authorization; Enforceability	  	 	55	  
	 SECTION 3.03
	  	Governmental Approvals; No Conflicts	  	 	55	  
	 SECTION 3.04
	  	Financial Condition; No Material Adverse Change	  	 	56	  
	 SECTION 3.05
	  	Properties	  	 	56	  

  
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	 	  	 	  	Page	 
			
	 SECTION 3.06
	  	Litigation and Environmental Matters	  	 	56	  
	 SECTION 3.07
	  	Compliance with Laws and Agreements	  	 	56	  
	 SECTION 3.08
	  	Investment Company Status	  	 	57	  
	 SECTION 3.09
	  	Taxes	  	 	57	  
	 SECTION 3.10
	  	ERISA	  	 	57	  
	 SECTION 3.11
	  	Disclosure	  	 	57	  
	 SECTION 3.12
	  	Subsidiaries	  	 	57	  
	 SECTION 3.13
	  	Insurance	  	 	57	  
	 SECTION 3.14
	  	Labor Matters	  	 	57	  
	 SECTION 3.15
	  	Federal Reserve Regulations	  	 	58	  
	 SECTION 3.16
	  	OFAC	  	 	58	  
	 SECTION 3.17
	  	Anti-Corruption Laws	  	 	58	  
	
	ARTICLE IV	  
	
	CONDITIONS	  
			
	 SECTION 4.01
	  	Conditions to the Closing Date	  	 	58	  
	 SECTION 4.02
	  	Each Credit Event	  	 	59	  
	
	ARTICLE V	  
	
	AFFIRMATIVE COVENANTS	  
			
	 SECTION 5.01
	  	Financial Statements and Other Information	  	 	60	  
	 SECTION 5.02
	  	Notices of Material Events	  	 	62	  
	 SECTION 5.03
	  	Existence; Conduct of Business	  	 	62	  
	 SECTION 5.04
	  	Payment of Obligations	  	 	62	  
	 SECTION 5.05
	  	Maintenance of Properties	  	 	62	  
	 SECTION 5.06
	  	Insurance	  	 	63	  
	 SECTION 5.07
	  	Books and Records; Inspection and Audit Rights	  	 	63	  
	 SECTION 5.08
	  	Compliance with Laws	  	 	63	  
	
	ARTICLE VI	  
	
	NEGATIVE COVENANTS	  
			
	 SECTION 6.01
	  	Indebtedness of Subsidiaries	  	 	63	  
	 SECTION 6.02
	  	Liens	  	 	65	  
	 SECTION 6.03
	  	Fundamental Changes and Lines of Business	  	 	67	  
	 SECTION 6.04
	  	Use of Proceeds and Letters of Credit	  	 	68	  
	 SECTION 6.05
	  	Asset Sales	  	 	68	  
	 SECTION 6.06
	  	Restricted Payments	  	 	69	  
	 SECTION 6.07
	  	Transactions with Affiliates	  	 	70	  
	 SECTION 6.08
	  	Interest Expense Coverage Ratio	  	 	71	  
	 SECTION 6.09
	  	Leverage Ratio	  	 	71	  
	ARTICLE VII	  
	
	EVENTS OF DEFAULT	  

  
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	 	  	 	  	Page	 
	
	ARTICLE VIII	  
	
	REGARDING THE ADMINISTRATIVE AGENT	  
	
	ARTICLE IX	  
	
	MISCELLANEOUS	  
			
	 SECTION 9.01
	  	Notices	  	 	76	  
	 SECTION 9.02
	  	Waivers; Amendments	  	 	77	  
	 SECTION 9.03
	  	Expenses; Indemnity; Damage Waiver	  	 	79	  
	 SECTION 9.04
	  	Successors and Assigns	  	 	81	  
	 SECTION 9.05
	  	Survival	  	 	85	  
	 SECTION 9.06
	  	Counterparts; Integration; Effectiveness	  	 	85	  
	 SECTION 9.07
	  	Severability	  	 	85	  
	 SECTION 9.08
	  	Right of Setoff	  	 	86	  
	 SECTION 9.09
	  	Governing Law; Jurisdiction; Consent to Service of Process	  	 	86	  
	 SECTION 9.10
	  	WAIVER OF JURY TRIAL	  	 	86	  
	 SECTION 9.11
	  	Headings	  	 	87	  
	 SECTION 9.12
	  	Confidentiality	  	 	87	  
	 SECTION 9.13
	  	Interest Rate Limitation	  	 	88	  
	 SECTION 9.14
	  	USA Patriot Act	  	 	88	  
	 SECTION 9.15
	  	No Advisory or Fiduciary Responsibility	  	 	88	  
	 SECTION 9.16
	  	Judgment Currency	  	 	89	  
	 SECTION 9.17
	  	Electronic Execution of Assignments and Certain Other Documents	  	 	89	  

  

							
	SCHEDULES:	  				  	
			
	 Schedule 2.01
	  	 	–	  	  	Commitments
	 Schedule 3.06
	  	 	–	  	  	Disclosed Matters
	 Schedule 3.12
	  	 	–	  	  	Subsidiaries
	 Schedule 6.02
	  	 	–	  	  	Existing Liens
	 Schedule 6.07
	  	 	–	  	  	Agreements with Affiliates
	 Schedule 9.01
	  	 	–	  	  	Administrative Agent’s Office
			
	EXHIBITS:	  				  	
			
	 Exhibit A
	  	 	–	  	  	Form of Assignment and Assumption
	 Exhibit B-1
	  	 	–	  	  	Form of Borrowing Request
	 Exhibit B-2
	  	 	–	  	  	Form of Swingline Loan Notice
	 Exhibit C
	  	 	–	  	  	Form of United States Tax Compliance Certificate

  
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 CREDIT AGREEMENT, dated as of November 24, 2014 (this “Agreement”), among
THE NASDAQ OMX GROUP, INC., a Delaware corporation (the “Borrower”), the LENDERS party hereto, and BANK OF AMERICA, N.A., as Administrative Agent, a Swingline Lender and Issuing Bank. 

The Borrower has requested that the Revolving Lenders extend credit in the form of Revolving Loans, the Swingline Lenders extend credit in the
form of Swingline Loans and the Issuing Bank issue Letters of Credit, in each case at any time and from time to time during the Revolving Availability Period such that the aggregate Revolving Exposures will not exceed $750,000,000 at any time. In
addition, the Borrower may request that the Lenders or prospective Additional Lenders agree to provide Incremental Revolving Commitments pursuant to Section 2.18 from time to time on or after the Closing Date in an aggregate amount not to
exceed $500,000,000. 
 The Lenders are willing to extend such credit to the Borrower, and the Issuing Bank is willing to issue Letters of
Credit for the account of the Borrower, on the terms and subject to the conditions set forth herein. 
 Accordingly, the parties hereto
agree as follows: 
 ARTICLE I 

DEFINITIONS 
 SECTION 1.01
Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “ABR,” when used
in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Base Rate. 

“ABR Gross-Up Amount” means, with respect to any Non-ABR Lender’s ABR Loan for any day on which such ABR Loan is
outstanding, the lesser of: 
 (a) the actual amount (as determined in good faith by the applicable Non-ABR Lender and set
forth in a reasonably detailed certificate delivered to the Borrower) by which (i) such Non-ABR Lender’s cost of funding such Non-ABR Lender’s ABR Loan for such day exceeded (ii) the Base Rate for such day minus 1.00% per
annum; and 
 (b) the amount by which (i) the Eurocurrency Rate for an interest period of one day commencing on such
date (or, if such day is not a Business Day, the preceding Business Day) exceeded (ii) the Base Rate for such day minus 1.00% per annum. 

“Acquisition” means any acquisition by the Borrower or a Subsidiary (and including any investments by the Borrower or any
Subsidiary in any other Subsidiary for purposes of financing such acquisition) of (i) a majority of the outstanding Equity Interests in, or all or substantially all the assets of, or the assets constituting a division or line of business of, a
Person or (ii) any asset of another Person constituting a business unit of such other Person. 
 “Act” has the meaning
set forth in Section 9.14. 
 “Additional Lenders” has the meaning assigned to such term in Section 2.18(b). 

 “Administrative Agent” means Bank of America, in its capacity as administrative
agent for the Lenders hereunder, and its successors in such capacity as provided in Article VIII. 
 “Administrative Agent’s
Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 9.01, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the
Lenders. 
 “Administrative Questionnaire” means an administrative questionnaire in a form supplied by the Administrative
Agent. 
 “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or
more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Agent Parties”
has the meaning set forth in Section 9.01. 
 “Agreement” has the meaning assigned to such term in the preamble
hereto. 
 “Agreement Currency” has the meaning assigned to such term by Section 9.16. 

“Alternative Currency” means each of Euro, Sterling, Norwegian Kroner, Swedish Kronor, Danish Kroner and each other currency
(other than Dollars) that is approved in accordance with Section 1.08. 
 “Alternative Currency Equivalent” means, at
any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the Issuing Bank, as the case may be, at such time on the basis of the
Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars. 

“Alternative Currency Sublimit” means $150,000,000. 

“Anti-Corruption Laws” means the Foreign Corrupt Practices Act of 1977 (as amended), the UK Bribery Act 2010, and other
anti-corruption or anti-bribery laws and regulations applicable to the Borrower or its Subsidiaries from time to time. 

“Applicable Percentage” means, at any time with respect to any Revolving Lender, the percentage, rounded to the ninth decimal
place, of the aggregate Revolving Commitments represented by such Lender’s Revolving Commitment at such time. If the Revolving Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Revolving
Commitments most recently in effect, giving effect to any assignments of Revolving Loans, LC Exposures and Swingline Exposures that occur after such termination or expiration. 

“Applicable Rate” means, from time to time, the following percentages per annum, based upon the Debt Rating as set forth
below: 
  

									
	 Pricing

Level
	  	Debt Rating
(S&P/Moody’s)	  	Facility Fee	 	Eurocurrency Loans and
Letter of Credit Fees	 	ABR Loans
	 1
	  	> A- / A3	  	0.125%	 	0.875%	 	0.000%
	 2
	  	BBB+ / Baa1	  	0.150%	 	0.975%	 	0.000%
	 3
	  	BBB / Baa2	  	0.200%	 	1.175%	 	0.175%
	 4
	  	BBB- / Baa3	  	0.300%	 	1.325%	 	0.325%
	 5
	  	< BBB- / Baa3	  	0.400%	 	1.375%	 	0.375%

  
 -2- 

 Initially, the Applicable Rate shall be determined based upon Pricing Level 3. Thereafter, each
change in the Applicable Rate resulting from a publicly announced change in the Debt Rating shall be effective, in the case of an upgrade, during the period commencing on the date of the public announcement thereof and ending on the date immediately
preceding the effective date of the next such change and, in the case of a downgrade, during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such
change. 
 “Approved Fund” has the meaning assigned to such term in Section 9.04(b). 

“Arrangers” means Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Merchant Banking,
Skandinaviska Enskilda Banken AB (publ.), Mizuho Bank, Ltd., Nordea Bank Finland Plc, New York Branch and Wells Fargo Securities, LLC, each in its capacity as a joint lead arranger for the Facilities. 

“Asset Sale” has the meaning assigned to such term in Section 6.05. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of
any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form (including electronic documentation generated by use of an electronic platform) approved by the
Administrative Agent. 
 “Auto-Renewal Letter of Credit” has the meaning set forth in Section 2.05(a)(viii). 

“Bank of America” means Bank of America, N.A. and its successors. 

“Base Rate” means, for any day, a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate
plus 1/2 of 1%, (b) the Eurocurrency Rate plus 1% and (c) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate.” The “prime rate” is a
rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above,
or below such announced rate. Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. 

“Board” means the Board of Governors of the Federal Reserve System of the United States of America. 

“Board of Directors” means the board of directors of the Borrower or, other than for purposes of the definitions of Change of
Control and Continuing Directors, any duly authorized committee thereof. 
 “Borrower” has the meaning assigned to such
term in the preamble to this Agreement. 
 “Borrower Materials” has the meaning set forth in Section 5.01. 

  
 -3- 

 “Borrowing” means (a) Loans of the same Class and Type, made, converted or
continued on the same date and, in the case of Eurocurrency Loans, as to which a single Interest Period is in effect, or (b) a Swingline Loan. 

“Borrowing Request” means a request by the Borrower for a Borrowing in accordance with Section 2.03 which, if in
writing, shall be in the form of Exhibit B-1 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent),
appropriately completed and signed by a Responsible Officer of the Borrower. 
 “Broker Dealer Subsidiary” means any
Subsidiary that is registered as a broker dealer pursuant to Section 15 of the Exchange Act (as in effect from time to time) or that is regulated as a broker dealer or underwriter under any foreign securities law. 

“Business Day” means any day other than a Saturday, Sunday, or other day on which commercial banks are authorized to close
under the laws, rules, regulations, ordinances, codes or administrative or judicial authorities of, or in fact are closed in, New York City, Sweden (solely with respect to notices of borrowing under Section 2.03) or the state in the United
States where the Administrative Agent’s Office with respect to Obligations denominated in Dollars is located and: 
 (a)
if such day relates to any interest rate settings as to a Eurocurrency Loan denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in respect of any such Eurocurrency Loan, or any other dealings in Dollars to be
carried out pursuant to this Agreement in respect of any such Eurocurrency Loan, means any such day on which dealings in deposits in Dollars are conducted by and between banks in the London interbank eurodollar market; 

(b) if such day relates to any interest rate settings as to a Eurocurrency Loan denominated in Euro, any fundings,
disbursements, settlements and payments in Euro in respect of any such Eurocurrency Loan, or any other dealings in Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency Loan, means a TARGET Day; 

(c) if such day relates to any interest rate settings as to a Eurocurrency Loan denominated in a currency other than Dollars or
Euro, means any such day on which dealings in deposits in the relevant currency are conducted by and between banks in the London or other applicable offshore interbank market for such currency; and 

(d) if such day relates to any fundings, disbursements, settlements and payments in a currency other than Dollars or Euro in
respect of a Eurocurrency Loan denominated in a currency other than Dollars or Euro, or any other dealings in any currency other than Dollars or Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency Loan (other than
any interest rate settings), means any such day on which banks are open for foreign exchange business in the principal financial center of the country of such currency. 

Notwithstanding the foregoing, with respect to Swingline Loans made under Section 2.04(b), the closing of commercial banks in Sweden
shall be disregarded for the purposes of the definition of Business Day. 
 “Capital Lease Obligations” of any Person means
the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for
as 

  
 -4- 

 
capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. It is understood that
with respect to the accounting for leases as either operating leases or capital leases and the impact of such accounting on the definitions and covenants herein, GAAP as in effect on the Closing Date shall be applied. 

“Cash Collateral” has the meaning set forth in Section 2.05(e). 

“Cash Collateralize” has the meaning set forth in Section 2.05(e). 

“Cash Equivalents” means any of the following types of investments: 

(a) readily marketable obligations issued or directly and fully guaranteed or insured by the United States of America or any
agency or instrumentality thereof having maturities of not more than 360 days from the date of acquisition thereof; provided that the full faith and credit of the United States of America is pledged in support thereof; 

(b) time deposits with, or insured certificates of deposit or bankers’ acceptances of, any commercial bank that
(i) (A) is a Lender or (B) is organized under the laws of the United States of America, any state thereof or the District of Columbia or is the principal banking subsidiary of a bank holding company organized under the laws of the
United States of America, any state thereof or the District of Columbia, and is a member of the Federal Reserve System, (ii) issues (or the parent of which issues) commercial paper rated as described in clause (c) of this definition and
(iii) has combined capital and surplus of at least $1,000,000,000, in each case with maturities of not more than 90 days from the date of acquisition thereof; 

(c) commercial paper issued by any Person organized under the laws of any state of the United States of America and rated, at
the time of acquisition thereof, at least “Prime-1” (or the then equivalent grade) by Moody’s or at least “A-1” (or the then equivalent grade) by S&P, in each case with maturities of not more than 180 days from
the date of acquisition thereof; 
 (d) investments, classified in accordance with GAAP as current assets of the Borrower or
any of its Subsidiaries, in money market investment programs registered under the Investment Company Act of 1940, which are administered by financial institutions that, at the time of acquisition thereof, have the highest rating obtainable from
either Moody’s or S&P, and the portfolios of which are limited solely to investments of the character, quality and maturity described in clauses (a), (b) and (c) of this definition; and 

(e) such other investments as may be agreed to from time to time between the Borrower and the Administrative Agent. 

“Change in Control” means: 

(a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act)
becomes the “beneficial owner” (as defined in Rules 13d–3 and 13d–5 under the Exchange Act), directly or indirectly, of Equity Interests in the Borrower representing either (x) more than 35% of the aggregate ordinary voting
power (it being understood that to the extent that Equity Interests in the Borrower held by any such person or group are disregarded for ordinary voting purposes pursuant to the terms of the Borrower’s Organizational Documents, such Equity
Interests shall not be included for purposes of determining whether the threshold set forth in this subclause (x) has been met) or (y) more than 50% of the aggregate equity value represented by the issued and outstanding Equity Interests
in the Borrower, or 

  
 -5- 

 (b) the occupation of a majority of the seats (other than vacant seats) on the
Board of Directors of the Borrower by Persons who are not Continuing Directors; or 
 (c) the occurrence of a “Change in
Control” (or similar event, however denominated), as defined in any indenture or agreement in respect of Material Indebtedness of the Borrower or any Subsidiary. 

“Change in Law” means (a) the adoption of any law, rule or regulation after the date of this Agreement, (b) any
change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any Lender or the Issuing Bank (or, for purposes of Section 2.13(b),
by any lending office of such Lender or by such Lender’s or the Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after
the date of this Agreement. It is understood and agreed that (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines and directives thereunder or issued in connection therewith and (y) all
requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to
Basel III, shall in each case be deemed to be a “Change in Law” regardless of the date enacted, adopted or issued. 

“Charges” has the meaning set forth in Section 9.13. 

“Class,” (a) when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are Revolving Loans or Swingline Loans, (b) when used in reference to any Commitment, refers to whether such Commitment is a Revolving Commitment or Swingline Commitment, and (c) when used in reference to any Lender, refers to
whether such Lender has a Loan or Commitment with respect to a particular Class. 
 “Clearing House” means each Subsidiary
of the Borrower that reconciles, settles, adjusts and clears contracts on an exchange of the Borrower or any of its Subsidiaries or any other exchange in respect of which the Borrower or any of its Subsidiaries has equivalent authority, as the case
may be, subject, as applicable, to the rules of any exchange which is qualified to clear trades through such Clearing House. 

“Clearing Member” means a firm qualified to clear trades through any Clearing House. 

“Clearing Operations” means the business relating to clearing, depository and settlement operations conducted by any
Subsidiary. 
 “CLO” has the meaning assigned to such term in Section 9.04(b). 

“Closing Date” means the first Business Day on which the conditions specified in Section 4.01 are satisfied (or waived
in accordance with Section 9.02), which date is the date hereof. 
 “Closing Fee” has the meaning assigned to such
term in Section 2.10(c). 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Commitment” means (a) with respect to any Lender (other than a Lender solely in its capacity as a Swingline Lender),
such Lender’s Revolving Commitment and (b) with respect to each Swingline Lender, such Swingline Lender’s Swingline Commitment. 

  
 -6- 

 “Consolidated Cash Interest Expense” means, for any period, the excess of
(a) the sum of (i) the interest expense (including imputed interest expense in respect of Capital Lease Obligations) of the Borrower and the Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP,
(ii) any interest accrued during such period in respect of Indebtedness of the Borrower or any Subsidiary that is required to be capitalized rather than included in consolidated interest expense for such period in accordance with GAAP and
(iii) any cash payments made during such period in respect of obligations referred to in clause (b)(ii) below that were amortized or accrued in a previous period, minus (b) the sum of (i) to the extent included in such
consolidated interest expense for such period, non-cash amounts attributable to amortization of financing costs paid in a previous period, (ii) to the extent included in such consolidated interest expense for such period, non-cash amounts
attributable to amortization of debt discounts or accrued interest payable in kind for such period, and (iii) any break funding payment made pursuant to Section 2.14. 

“Consolidated EBITDA” means, for any period, Consolidated Net Income for such period plus (a) without duplication
and to the extent deducted in determining such Consolidated Net Income, the sum of (i) consolidated interest expense for such period, (ii) consolidated income tax expense for such period, (iii) all amounts attributable to depreciation
and amortization for such period, (iv) any non-cash charges for such period, (v) non-recurring charges or extraordinary losses incurred during such period, including, without limitation, with respect to restructurings, headcount reductions
or other similar actions, including severance charges in respect of employee terminations, in an amount not to exceed the greater of (1) $40,000,000 and (2) four percent (4.0%) of Consolidated EBITDA for such period (calculated
without giving effect to this clause (v)), (vi) non-cash expenses resulting from the grant of stock options, restricted stock units, performance stock units or other equity-related incentives or benefits to any director, officer or employee of
the Borrower or any Subsidiary pursuant to a written plan or agreement approved by the Board of Directors of the Borrower, (vii) non-cash charges attributable to impairment of goodwill or other intangible assets or impairment of long-lived
assets, (viii) the aggregate amount of all deferred financing fees and expenses incurred during such period in connection with the Transactions, all non-recurring fees and expenses (excluding interest charges) paid during such period in
connection with the Transactions (including, without limitation, fees and expenses incurred in connection with the issuance or extinguishment of debt incurred in connection with the Transactions) and related fees and expenses paid to advisors (but
excluding integration and restructuring charges incurred or paid in connection with the Transactions), (ix) integration and restructuring expenses and charges incurred during such period in connection with Acquisitions in an aggregate amount
not to exceed since July 1, 2014, the greater of (1) $100,000,000 and (2) ten percent (10.0%) of Consolidated EBITDA for such period (calculated without giving effect to this clause (ix)), set forth in reasonable detail and
certified by a Financial Officer of the Borrower, and (x) any costs, fees and expenses incurred in connection with any actual or proposed Acquisition, merger, joint venture, issuance of Equity Interests or Equity Equivalents, issuance or
prepayments of Indebtedness, disposition or investment not prohibited hereby, in each case whether or not consummated, and minus (b) without duplication and to the extent included in determining such Consolidated Net Income, the sum of
(i) any cash disbursements during such period that relate to non-cash charges or losses added to Consolidated Net Income pursuant to clause (a)(iv) or (a)(vi) of this definition in any prior period, (ii) any extraordinary gains for such
period, (iii) any non-cash gains for such period, (iv) any income relating to defined benefits pension or post-retirement benefit plans and (v) all gains during such period resulting from the sale or disposition of any asset of the
Borrower or any Subsidiary outside the ordinary course of business, all determined on a consolidated basis in accordance with GAAP. 

“Consolidated Net Income” means, for any period, the net income (or loss) of the Borrower and the Subsidiaries for such
period determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded (a) the net income (or loss) of any Subsidiary of the Borrower to the extent that the declaration or payment of dividends or similar
distributions by such Subsidiary of such net 

  
 -7- 

 
income is not at the time permitted by operation of the terms of its Organizational Documents or any agreement or instrument (other than a Loan Document) or any Requirement of Law applicable to
such Subsidiary (provided that there shall not be excluded from Consolidated Net Income such part of net income that is used or designated as being available to satisfy regulatory capital or liquidity requirements imposed on any Subsidiary of
the Borrower by any Governmental Authority or pursuant to any Requirement of Law), and (b) the net income (or loss) of any other Person that is not a Subsidiary of the Borrower (or is accounted for by the Borrower by the equity method of
accounting), except to the extent of the amount of cash dividends or other cash distributions actually paid to the Borrower or any Subsidiary (except to the extent the income (or loss) of such Subsidiary would be excluded from Consolidated Net
Income pursuant to clause (a) of this proviso) during such period. 
 “Continuing Director” means (a) any member
of the Board of Directors of the Borrower who was a member of the Board of Directors of the Borrower on the date of this Agreement and (b) any individual who becomes a member of the Board of Directors of the Borrower after the date of this
Agreement if such individual was appointed, elected or nominated for election to the Board of Directors of the Borrower with the affirmative vote of at least a majority of the directors then still in office. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Cost of Funds Rate” means, as of any day, the rate of interest determined by the Administrative Agent to be representative
of its or the applicable Lenders’ cost of funds, as applicable, to extend or maintain credit under this Agreement on such day. 

“Danish Kroner” means the lawful currency of Denmark. 

“Debt Rating” means, as of any date of determination, the rating as determined by either S&P or Moody’s
(collectively, the “Debt Ratings”) of the Borrower’s non-credit-enhanced, senior unsecured long-term debt; provided that (a) if the respective Debt Ratings issued by the foregoing rating agencies differ by one
level, then the Pricing Level for the higher of such Debt Ratings shall apply (with the Debt Rating for Pricing Level 1 being the highest and the Debt Rating for Pricing Level 5 being the lowest); (b) if there is a split in Debt Ratings of more
than one level, then the Pricing Level of the Debt Rating that is one level higher than the Pricing Level of the lower Debt Rating shall apply; (c) if the Company has only one Debt Rating, the Pricing Level that is one level lower than that of
such Debt Rating shall apply; and (d) if the Company does not have any Debt Rating, Pricing Level 5 shall apply. 

“Default” means any event or condition that constitutes an Event of Default or that upon notice, lapse of time or both would,
unless cured or waived, become an Event of Default. 
 “Defaulting Lender” means any Lender whose acts or failure to act,
whether directly or indirectly, cause it to meet any part of the definition of “Lender Default,” as determined by the Administrative Agent. 

“Designated Jurisdiction” means any country or territory to the extent that such country or territory itself is the subject
of comprehensive Sanctions. 
 “Disclosed Matters” means the actions, suits and proceedings and the environmental matters
disclosed in Schedule 3.06. 

  
 -8- 

 “Disqualified Equity Interests” means Equity Interests that (a) mature or
are mandatorily redeemable or subject to mandatory repurchase or redemption or repurchase at the option of the holders thereof (other than solely for Equity Interests that do not constitute Disqualified Equity Interests), in whole or in part and
whether upon the occurrence of any event, pursuant to a sinking fund obligation, on a fixed date or otherwise, prior to the date that is 91 days after the Maturity Date (other than upon payment in full of the Obligations, reduction of the LC
Exposure to zero and termination of the Commitments or upon a “change in control”; provided that any payment required pursuant to a “change in control” is contractually subordinated in right of payment to the Obligations
on terms reasonably satisfactory to the Administrative Agent and such requirement is not applicable in more circumstances than pursuant to the change of control provisions in the Senior Notes Indentures as of the date hereof), or (b) are
convertible or exchangeable, automatically or at the option of any holder thereof, into any Indebtedness, Equity Interests or other assets other than Qualified Equity Interests. 

“Documentation Agents” means TD Bank, N.A. and HSBC Bank USA, N.A., each in its capacity as a documentation agent for the
Facilities. 
 “Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in Dollars, such
amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the Issuing Bank, as the case may be, at such time on the basis of the
Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency. 

“Dollars” or “$” refers to lawful money of the United States of America. 

“EMU Legislation” means the legislative measures of the European Council for the introduction of, changeover to or operation
of a single or unified European currency. 
 “Environmental Laws” means all treaties, laws, rules, regulations, codes,
ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into by or with any Governmental Authority, relating in any way to the environment, the preservation or reclamation of natural
resources, or the generation, management, Release or threatened Release of any Hazardous Material. 
 “Environmental
Liability” means any liability, contingent or otherwise (including any liability for damages, costs of medical monitoring, costs of environmental remediation or restoration, administrative oversight costs, consultants’ fees, fines,
penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) any actual or alleged violation of any Environmental Law or permit, license or approval issued thereunder, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any Hazardous Materials or (e) any contract,
agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Equity Equivalents” means all securities convertible into or exchangeable for Equity Interests, and all warrants, options or
other rights to purchase or subscribe for any Equity Interests, whether or not presently convertible, exchangeable or exercisable. 

“Equity Interests” means shares, shares of capital stock, partnership interests, membership interests in a limited liability
company, beneficial interests in a trust or other equity ownership interests in a Person. 

  
 -9- 

 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended
from time to time, and the regulations promulgated and the rulings issued thereunder. 
 “ERISA Affiliate” means any trade
or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is
treated as a single employer under Section 414(m) or (o) of the Code. 
 “ERISA Event” means (a) any
“reportable event,” as defined in Section 4043 of ERISA or the regulations issued thereunder, with respect to a Plan (other than an event for which the 30-day notice period is waived), (b) with respect to any Plan, a failure to
satisfy the minimum funding standard under Section 412 of the Code and Section 302 of ERISA, whether or not waived, (c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a
waiver of the minimum funding standard with respect to any Plan, (d) a determination that any Plan is, or is expected to be, in “at risk” status (as defined in Section 430(i)(4) of the Code or Section 303(i)(4) of ERISA),
(e) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan, (f) the receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan
administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan, (g) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the
withdrawal or partial withdrawal from any Plan or Multiemployer Plan, (h) the receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice,
concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA, or in “endangered” or “critical”
status (within the meaning of Section 432 of the Code or Section 305 of ERISA) or (i) the withdrawal of the Borrower or any ERISA Affiliate from a Plan subject to Section 4063 of ERISA during a plan year in which such entity was
a “substantial employer” (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA. 

“Euro” means the lawful currency of the Participating Member States introduced in accordance with the EMU Legislation. 

“Eurocurrency,” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are bearing interest at a rate determined by reference to the Eurocurrency Rate. 
 “Eurocurrency Rate” means:

 (a) for any Interest Period with respect to a Eurocurrency Loan denominated in Dollars, Euros, or Sterling, the rate per
annum equal to the London Interbank Offered Rate (“LIBOR”) or a comparable or successor rate, which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially
available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for deposits in the
relevant currency (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; 

(b) for any Interest Period with respect to a Eurocurrency Loan denominated in Swedish Krona, the rate per annum equal to the
Stockholm Interbank Offered Rate (“STIBOR”) or a comparable or successor rate, which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available
source 

  
 -10- 

 
providing such quotations as may be designated by the Administrative Agent from time to time) at or about 11:00 a.m. (Stockholm, Sweden time) on the Rate Determination Date with a term equivalent
to such Interest Period; 
 (c) for any Interest Period with respect to a Eurocurrency Loan denominated in Danish Kroner, the
rate per annum equal to the Copenhagen Interbank Offered Rate (“CIBOR”) or a comparable or successor rate, which rate is approved by the Administrative Agent as currently published on the applicable Bloomberg screen page (or such
other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at or about 11:00 a.m. (Copenhagen, Denmark time) on the Rate Determination Date with a term equivalent to such
Interest Period; 
 (d) for any Interest Period with respect to a Eurocurrency Loan denominated in Norwegian Kroner, the rate
per annum equal to the Norwegian Interbank Offered Rate (“NIBOR”) or a comparable or successor rate, which rate is approved by the Administrative Agent as published on the applicable Bloomberg screen page (or such other commercially
available source providing such quotations as may be designated by the Administrative Agent from time to time) at or about 12:00 p.m. (London time) on the Rate Determination Date with a term equivalent to such Interest Period; and 

(e) for any interest calculation with respect to an ABR Loan on any date, the rate per annum equal to LIBOR, at or about 11:00
a.m., London time determined two Business Days prior to such date for U.S. Dollar deposits with a term of one month commencing that day; 

provided that to the extent a comparable or successor rate is approved by the Administrative Agent in connection herewith, the approved rate shall be
applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise
reasonably determined by the Administrative Agent; provided, further that if the Eurocurrency Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. 

“Event of Default” has the meaning assigned to such term in Article VII. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the Issuing Bank or any other recipient of any
payment to be made by or on account of any obligation of the Borrower hereunder, (a) any Taxes imposed on or measured by its net income or overall gross income, capital, net worth or similar Taxes imposed on it in lieu of or as an adjunct to
net or overall gross income taxes (including, for the avoidance of doubt, the Massachusetts corporate excise tax within the meaning of Massachusetts General Laws Ch. 63, Section 39), or franchise Taxes imposed, in each case, by a jurisdiction
as a result of such recipient being organized or resident in, maintaining a lending office in, doing business in or having another present or former connection with, such jurisdiction (other than any business or connection arising (or deemed to
arise) from such recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transactions pursuant to, or enforced, any Loan
Documents); (b) any branch profits Taxes under Section 884(a) of the Code, or any similar Taxes, imposed by any jurisdiction described in clause (a) above, (c) in the case of a Lender (other than an assignee pursuant to a request
by the Borrower under Section 2.17(b)), any U.S. federal withholding Tax that (i) is imposed pursuant to any Requirement of Laws in effect at the time such Lender becomes a party to this Agreement (or designates a new lending office),
except to the extent that such Lender (or its assignor, if any) was 

  
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entitled, immediately prior to the designation of a new lending office (or assignment), to receive additional amounts from the Borrower with respect to such withholding Tax pursuant to
Section 2.15(a), or (ii) is attributable to such Lender’s failure to comply with Section 2.15(e) and (d) any U.S. federal withholding Taxes imposed under current Sections 1471 through 1474 of the Code, or any amended version
or successor version that is substantively comparable thereto, and, in each case, any current or future regulations promulgated thereunder and any other official administrative guidance issued in connection therewith. 

“Existing Credit Agreement” means the Credit Agreement, dated as of September 19, 2011, as amended, among the Borrower,
Bank of America as administrative agent, swingline lender and issuing bank, and the other lenders party thereto. 

“Facilities” means the credit and loan facilities provided for in this Agreement. 

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

“Federal Funds Rate” means, for any day, the 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 by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day
is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next
succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative
Agent. 
 “Fee Letter” means the fee letter, dated as of October 23, 2014, by and among the Borrower and the
Administrative Agent. 
 “Financial Officer” means the chief financial officer, principal accounting officer, treasurer or
controller of the Borrower. 
 “Foreign Lender” means any Lender that is not a “United States person” as defined
in Section 7701(a)(30) of the Code. 
 “Funded Indebtedness” means, with respect to any Person; 

(a) all obligations of such Person for borrowed money; 

(b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments; 

(c) all obligations of such Person in respect of the deferred purchase price of property or services (excluding trade accounts
payable and other accrued obligations, in each case incurred in the ordinary course of business); 
 (d) all Funded
Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Funded Indebtedness secured
thereby has been assumed; 

  
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 (e) all Guarantees by such Person of Funded Indebtedness of others; 

(f) all Capital Lease Obligations of such Person; and 

(g) all drafts drawn (to the extent unreimbursed) under any letter of credit, letter of guaranty or bankers’ acceptance
for the account of such Person. 
 Notwithstanding any other provision of this Agreement to the contrary, (i) the term “Funded
Indebtedness” shall not include contingent post-closing purchase price adjustments or earn-outs to which the seller in any Acquisition may become entitled and (ii) the amount of Funded Indebtedness for which recourse is limited either to a
specified amount or to an identified asset of such Person shall be deemed to be equal to the lesser of (x) such specified amount and (y) the fair market value of such identified asset as determined by such Person in good faith. For the
avoidance of doubt, Qualified Equity Interests shall not be deemed Funded Indebtedness. 
 “GAAP” means generally accepted
accounting principles in the United States of America; provided that the Borrower may make a one-time election to switch to IFRS, if permitted to do so by the SEC in the Borrower’s filings with the SEC, and following such election and
the notification in writing to the Administrative Agent by the Borrower thereof, “GAAP” shall mean IFRS. After such election, the Borrower cannot subsequently elect to report under generally accepted accounting principles in the United
States of America. 
 “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). 

“Granting Lender” has the meaning assigned to such term in Section 9.04(e). 

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the
guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the
guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the
payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other
financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to
support such Indebtedness or obligation; provided that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. 

“Hazardous Materials” means all explosive or radioactive substances, materials or wastes and all hazardous or toxic
substances, materials, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances, materials or
wastes of any nature regulated pursuant to any Environmental Law. 
 “Honor Date” has the meaning set forth in
Section 2.05(a)(x). 

  
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 “IFRS” means the International Financial Reporting Standards issued and/or
adopted by the International Accounting Standards Board, as in effect from time to time. 
 “Incremental Facility
Amendment” means an amendment pursuant to Section 2.18 creating Incremental Revolving Commitments. 
 “Incremental
Facility Closing Date” has the meaning assigned to such term in Section 2.18(b). 
 “Incremental Revolving
Commitments” has the meaning assigned to such term in Section 2.18(a). 
 “Indebtedness” of any Person means,
without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person upon which interest
charges are customarily paid by such Person (excluding any obligations in respect of cash deposits by any Clearing Member (as defined below) for margin, any default fund or otherwise in the ordinary course of business), (d) all obligations of
such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (e) all obligations of such Person in respect of the deferred purchase price of property or services (excluding trade accounts
payable and other accrued obligations, in each case incurred in the ordinary course of business), (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be
secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (g) all Guarantees by such Person of Indebtedness of others (other than any Guarantee provided by (x) any
Clearing House (as defined below) to Clearing Members in the ordinary course of business for their obligations to one another or (y) to the extent considered Indebtedness, the Borrower or any Subsidiary to any other Person providing a clearing
arrangement in connection with the fixed income trading business of the Borrower and its Subsidiaries), (h) all Capital Lease Obligations of such Person, (i) all obligations of such Person as an account party in respect of letters of
credit and letters of guaranty (but only to the extent drawn and not reimbursed) and (j) all obligations of such Person in respect of bankers’ acceptances (but only to the extent drawn and not reimbursed). The Indebtedness of any Person
shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with
such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor. Notwithstanding the foregoing, (i) the term “Indebtedness” shall not include contingent post-closing purchase price
adjustments or earn-outs to which the seller in any Acquisition may become entitled and (ii) the amount of Indebtedness for which recourse is limited either to a specified amount or to an identified asset of such Person shall be deemed to be
equal to the lesser of (x) such specified amount and (y) the fair market value of such identified asset as determined by such Person in good faith. For the avoidance of doubt, Qualified Equity Interests shall not be deemed Indebtedness and
“Indebtedness” shall not include (a) with respect to the transfer of positions and related margin from a suspended Clearing Member to another Clearing Member or the liquidation of any suspended or non-performing Clearing Member’s
positions and related margin, obligations of the Borrower or a Subsidiary thereof to make a transfer in cash in respect of margin related to such suspended or non-performing Clearing Member’s positions, and (b) with respect to any Clearing
House, any transaction with respect to which such entity is a party solely in its capacity as a central counterparty. 

“Indemnified Taxes” means all Taxes other than Excluded Taxes and Other Taxes. 

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

“Information” has the meaning set forth in Section 9.12. 

  
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 “Interest Coverage Ratio” means, on any date, the ratio of (a) Consolidated
EBITDA to (b) Consolidated Cash Interest Expense for the period of four consecutive fiscal quarters of the Borrower ended on such date (or, if such date is not the last day of a fiscal quarter, ended on the last day of the fiscal quarter of the
Borrower most-recently ended prior to such date for which financial statements have been or were required to be delivered pursuant to clause (a) or (b) of Section 5.01). 

“Interest Payment Date” means (a) with respect to any ABR Loan (including a Swingline Loan), the last Business Day of
each March, June, September and December and the Maturity Date of such Loan and (b) with respect to any Eurocurrency Loan, the last Business Day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of
a Eurocurrency Borrowing with an Interest Period of more than three months’ duration, each Business Day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest
Period and the Maturity Date of such Loan. 
 “Interest Period” means, with respect to any Eurocurrency Borrowing, the
period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months thereafter (or such other period reasonably satisfactory to the Administrative Agent that is
twelve months or less if, at the time of the relevant Borrowing, all Lenders participating therein agree in writing to make an interest period of such duration available) (or, solely in the case of a Borrowing on the Closing Date, the period from
the Closing Date and ending on November 30, 2014), as the Borrower may elect; provided that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding
Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day, (b) any Interest Period that commences on the last Business Day of a
calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period and (c) no Interest Period
for any Borrowing shall extend past the Maturity Date for the Loans included in such Borrowing. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of
the most recent conversion or continuation of such Borrowing. 
 “Investment” means, as to any Person, any direct or
indirect acquisition or investment (in one transaction or a series of transactions) by such Person, whether by means of (a) the purchase or other acquisition (including pursuant to any merger with any Person that was not a Wholly-Owned
Subsidiary prior to such merger) of any Equity Interests or Equity Equivalents in or evidences of Indebtedness or other securities of another Person (including any option, warrant or other right to acquire any of the foregoing), (b) a loan,
advance or capital contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other
Person and any arrangement pursuant to which the investor Guarantees Indebtedness of such other Person, or (c) an Acquisition. 

“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the
Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance). 

“Issuer Documents” means, with respect to any Letter of Credit, the Letter of Credit Application and any other document,
agreement and instrument entered into by the Issuing Bank and the Borrower (or any Subsidiary) or in favor of the Issuing Bank and relating to such Letter of Credit. 

“Issuing Bank” means (a) initially, Bank of America, in its capacity as the issuer of Letters of Credit hereunder, and
(b) any other Revolving Lender that becomes an Issuing Bank in accordance with 

  
 -15- 

 
Section 2.05(i), Article VIII or Section 9.04(f), in each case, in its capacity as an issuer of Letters of Credit hereunder. The Issuing Bank may, in its discretion, arrange for one or
more Letters of Credit to be issued by Affiliates of the Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 

“Joint Bookrunning Managers” means Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC,
Merchant Banking, Skandinaviska Enskilda Banken AB (publ.), Mizuho Bank, Ltd., Nordea Bank Finland Plc, New York Branch and Wells Fargo Securities, LLC, in their capacities as joint bookrunning managers. 

“Judgment Currency” has the meaning assigned to such term by Section 9.16. 

“LC Advance” means, with respect to each Revolving Lender, such Lender’s funding of its participation in any LC
Borrowing in accordance with its Applicable Percentage. 
 “LC Borrowing” means an extension of credit resulting from a
drawing under any Letter of Credit which has not been reimbursed by the Borrower on the date when made or refinanced as a Revolving Loan. All LC Borrowings shall be denominated in Dollars. 

“LC Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date
thereof, or the increase of the amount thereof. 
 “LC Disbursement” means a payment made by the Issuing Bank pursuant to a
Letter of Credit. 
 “LC Exposure” means, as at any date of determination, the aggregate amount available to be drawn under
all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all LC Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be
determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule
3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. The LC Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the aggregate LC
Exposure at such time. 
 “Lender Default” means (i) the refusal (which may be given verbally or in writing) which has
not been retracted or failure of any Lender to (x) make available its portion of any incurrence of Revolving Loans pursuant to Section 2.01, (y) fund any participation in a Swingline Loan pursuant to Section 2.04(c) or
(z) make available any required LC Advance in accordance with Section 2.05(a), which refusal or failure is not cured within one Business Day after the date of such refusal or failure; (ii) the failure of any Lender to pay over to the
Administrative Agent, any Issuing Bank or any other Lender any other amount required to be paid by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute; or (iii) a Lender has admitted in writing
that it is insolvent or such Lender becomes subject to a Lender-Related Distress Event. 
 “Lender-Related Distress Event”
mean, with respect to any Lender or any Person that directly or indirectly controls such Lender (each, a “Distressed Person”), as the case may be, (a) a voluntary or involuntary case is instituted with respect to such
Distressed Person under the Bankruptcy Code of the United States or any other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or other debtor
relief laws of the United States or any other applicable jurisdiction from time to time in effect and affecting the rights of creditors generally, (b) a custodian, conservator, receiver or similar official is appointed for such

  
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Distressed Person or any substantial part of such Distressed Person’s assets, (c) such Distressed Person is subject to a forced liquidation, or (d) such Distressed Person makes a
general assignment for the benefit of creditors or is otherwise adjudicated as, or determined by any Governmental Authority having regulatory authority over such Distressed Person or its assets to be, insolvent or bankrupt; provided that a
Lender-Related Distress Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any Equity Interest in any Lender or any person that directly or indirectly controls such Lender by a Governmental Authority or an
instrumentality thereof. 
 “Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have
become a party hereto pursuant to Section 9.04 or pursuant to an Incremental Facility Amendment, other than any such Person that ceases to be a party hereto pursuant to Section 9.04. Unless the context otherwise requires, the term
“Lenders” includes the Swingline Lenders. 
 “Letter of Credit” means any standby letter of credit issued
pursuant to this Agreement. 
 “Letter of Credit Application” means an application and agreement for the issuance or
amendment of a Letter of Credit in the form from time to time in use by the Issuing Bank. 
 “Leverage Ratio” means as of
any date, the ratio of (a) Total Indebtedness as of such date minus the lesser of (i) cash and cash equivalents (determined in accordance with GAAP) of the Borrower and the Subsidiaries, other than cash and cash equivalents not
readily available for use by the Borrower in its discretion (including customer-segregated cash and cash equivalents and cash and cash equivalents required by applicable law or regulatory requirement to be maintained as such by the Borrower or any
Subsidiary), and (ii) $150,000,000, to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on such date (or, if such date is not the last day of a fiscal quarter, ended on the last day of the
fiscal quarter of the Borrower most recently ended prior to such date for which financial statements have been delivered pursuant to Section 5.01). 

“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance,
charge or security interest in, on or of such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic
effect as any of the foregoing) relating to such asset. 
 “Loan Documents” means this Agreement, each Issuer Document, any
Incremental Facility Amendment and, solely for purposes of clause (e) of Article VII, the Fee Letter. 
 “Loans” means
the Revolving Loans. 
 “Margin Stock” has the meaning assigned thereto in Regulation U of the Board. 

“Material Adverse Effect” means a material adverse effect on (a) the business, operations, properties or financial
condition of the Borrower and the Subsidiaries, taken as a whole, (b) the ability of the Borrower to perform any of its material obligations under any Loan Document or (c) the rights of or remedies available to the Lenders under the Loan
Documents, taken as a whole. 
 “Material Indebtedness” means Indebtedness (other than any Obligations), or obligations in
respect of one or more Swap Agreements, of any one or more of the Borrower and the Subsidiaries in an aggregate principal amount exceeding $50,000,000. For purposes of determining Material Indebtedness, the “principal amount” of the
obligations of the Borrower or any Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Subsidiary would be required to pay if such Swap
Agreement were terminated at such time. 

  
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 “Material Subsidiary” means, at any date of determination, each of the
Borrower’s Subsidiaries (i) which the Borrower has elected to treat as a Material Subsidiary or (ii) (a) whose total assets (on a consolidated basis with its subsidiaries) at the last day of the relevant fiscal year (individually
or in the aggregate) were greater than 10.0% of the consolidated total assets of the Borrower and the Subsidiaries at such date or (b) whose operating income (calculated in a manner consistent with the public filings of the Borrower) for the
most recently ended fiscal year for which financial statements have been delivered pursuant to Section 5.01(a) (individually or in the aggregate) are greater than 10.0% of the consolidated operating income of the Borrower and the Subsidiaries
for such fiscal year; provided that at no time shall the total consolidated assets or operating income of all Subsidiaries that are not Material Subsidiaries in reliance on clause (ii) above exceed, at such time, 10.0% of the
consolidated total assets or 10.0% of the operating income, respectively, of the Borrower and its Subsidiaries and if either such aggregate threshold is exceeded then the Borrower shall designate a sufficient number of Subsidiaries which would not
constitute Material Subsidiaries under clause (ii) above as Material Subsidiaries such that neither such aggregate threshold is exceeded. For the avoidance of doubt, for purposes of determining whether any Subsidiary is a Material Subsidiary
for purposes of clauses (f), (g), (h), (i), (j) or (k) of Article VII (any such determination that any Subsidiary does not constitute a Material Subsidiary for such purposes, a “Specified Exception”), all Subsidiaries as
to which the Borrower has previously relied on a Specified Exception shall be aggregated (based on the calculation of the amounts set forth in clause (ii) of the preceding sentence as of the time such Specified Exception was relied on with
respect to each such Subsidiary) for purposes of determining whether a Subsidiary is a Material Subsidiary for purposes of such Specified Exception (e.g., if on March 1, 2015, a Subsidiary which accounted for 6.0% of the Borrower’s
consolidated assets as of December 31, 2014 and 6.0% of the Borrower’s operating income for the year ended December 31, 2014 becomes subject to a proceeding described in clause (h) of Article VII, then for purposes of determining
whether a second Subsidiary is a “Material Subsidiary” for purposes of Article VII on March 1, 2015, if such second Subsidiary accounted for 4% of the Borrower’s consolidated assets as of December 31, 2014 and 4% of the
Borrower’s operating income for the year ended December 31, 2014, such second Subsidiary would not be a “Material Subsidiary” for purposes of Article VII but if such second Subsidiary accounted for 4.5% of the Borrower’s
consolidated assets as of December 31, 2014 and/or 4.5% of the Borrower’s operating income for the year ended December 31, 2014, then such second Subsidiary would constitute a “Material Subsidiary” for purposes of Article
VII). 
 “Maturity Date” means November 25, 2019. 

“Maximum Rate” has the meaning set forth in Section 9.13. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA, to which the Borrower or any
ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding six Plan years made or accrued an obligation to make contributions. 

“Non-ABR Lender” means any Lender that does not extend credit based on a U.S. “prime rate” or Federal Funds Rate in
the ordinary course of its business. 
 “Non-Consenting Lender” has the meaning assigned to such term in
Section 9.02(c). 
 “Nonrenewal Notice Date” has the meaning set forth in Section 2.05(a)(viii). 

  
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 “Norwegian Kroner” means the lawful currency of the Kingdom of Norway. 

“Obligations” means (a) the due and punctual payment by the Borrower of (i) the principal of and interest
(including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans under the Credit Agreement paid equally and
ratably, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, in each case, free and clear and without deduction for any Indemnified Taxes or Other Taxes, (ii) each payment required to
be made by the Borrower under the Credit Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest and fees thereon and obligations to provide cash collateral, and
(iii) all other monetary obligations of the Borrower to the Administrative Agent or any of the Lenders under the Credit Agreement and each of the other Loan Documents, paid equally and ratably, including obligations to pay fees (including
participation and commitment fees), expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy,
insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual performance of all other obligations of the Borrower under or pursuant to the Credit Agreement
and each of the other Loan Documents. 
 “OFAC” means the Office of Foreign Assets Control of the United States Department
of the Treasury. 
 “Organizational Documents” means, with respect to any Person, the charter, articles or certificate of
organization or incorporation and bylaws or other organizational or governing documents of such Person. 
 “Other Taxes”
means any and all present or future recording, stamp, documentary, excise, property or similar Taxes arising from any payment made under any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Loan
Document, excluding any such Tax imposed as a result of an assignment (other than an assignment made at the request of the Borrower pursuant to Section 2.17(b)) by a Lender (an “Assignment Tax”), if such Assignment Tax is
imposed as a result of the assignor or assignee being organized in or having its principal office or applicable lending office in the taxing jurisdiction, or as a result of any other present or former connection between the assignor or assignee and
the taxing jurisdiction, other than any connection arising from having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other
transaction pursuant to, or enforced, any Loan Document. 
 “Outstanding Amount” means (i) with respect to Loans on
any date, the Dollar Equivalent of the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Loans occurring on such date; and (ii) with respect to any Letter of Credit or LC
Disbursement on any date, the Dollar Equivalent of the aggregate outstanding amount of such Letter of Credit or LC Disbursement on such date after giving effect to any issuance or amendment of any Letter of Credit occurring on such date, any drawing
under any Letter of Credit occurring on such date and any other changes in the aggregate amount of the LC Exposure as of such date, including as a result of any reimbursements by or on behalf of the Borrower of LC Disbursements. 

“Overnight Rate” means, for any day, (a) with respect to any amount denominated in Dollars, the greater of (i) the
Federal Funds Rate and (ii) an overnight rate determined by the Administrative Agent, the Issuing Bank, or the Swingline Lenders, as the case may be, in accordance with banking industry rules on interbank compensation, and (b) with respect
to any amount denominated in an Alternative Currency, 

  
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the rate of interest per annum at which overnight deposits in the applicable Alternative Currency, in an amount approximately equal to the amount with respect to which such rate is being
determined, would be offered for such day by a branch or Affiliate of Bank of America in the applicable offshore interbank market for such currency to major banks in such interbank market. 

“Participant” has the meaning assigned to such term in Section 9.04(c). 

“Participating Member State” means any member state of the European Communities that adopts or has adopted the Euro as its
lawful currency in accordance with legislation of the European Community relating to Economic and Monetary Union. 
 “Patriot
Act” has the meaning assigned to such term in Section 9.14. 
 “PBGC” means the Pension Benefit Guaranty
Corporation referred to and defined in ERISA and any successor entity performing similar functions. 
 “Permitted
Encumbrances” means: 
 (a) Liens imposed by law for taxes, assessments or other governmental charges that are not
yet due or are being contested in compliance with Section 5.04; 
 (b) carriers’, warehousemen’s,
mechanics’, materialmen’s, repairmen’s, landlords’ and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 60 days or are being contested in
compliance with Section 5.04; 
 (c) pledges and deposits made in the ordinary course of business in compliance with
workers’ compensation, pension liabilities, unemployment insurance and other social security laws or regulations or other insurance-related obligations (including, without limitation, pledges or deposits securing liability to insurance carriers
under insurance or self-insurance arrangements); 
 (d) deposits to secure the performance of bids, trade contracts, leases,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 

(e) judgment liens in respect of judgments that do not constitute an Event of Default under clause (k) of Article VII;

 (f) easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by law or arising in
the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value of the affected property or interfere with the ordinary conduct of business of the Borrower or any Subsidiary; 

(g) Liens deemed to exist in connection with Permitted Investments in repurchase agreements; 

(h) Liens arising in connection with ordinary course non-speculative hedging arrangements and bankers’ Liens granted in
the ordinary course of business relating to the operation of bank accounts maintained by the Borrower or its Subsidiaries or as part of letter of credit transactions and Liens granted in customary escrow arrangements on sales and acquisitions not
prohibited by this Agreement; 

  
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 (i) any netting or setoff arrangement entered into by the Borrower or any of its
Subsidiaries in the ordinary course of its banking arrangements or in connection with the cash pooling activities of the Borrower and its Subsidiaries entered into in the ordinary course of business; 

(j) customary Liens over goods, inventory or documents of title where the shipment or storage price is financed by a
documentary credit; 
 (k) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of
customs duties in connection with the importation of goods; 
 (l) Liens constituting contractual rights of setoff under
agreements with customers, in each case, entered into in the ordinary course of business; and 
 (m) the filing of UCC
financing statements solely as a precautionary measure in connection with operating leases or consignment of goods; 
 provided that the term
“Permitted Encumbrances” shall not include any Lien securing Indebtedness for borrowed money. 
 “Permitted
Investments” means investments that comply with the Borrower’s Investment Policy as disclosed to the Administrative Agent on the Closing Date, as such Investment Policy may be modified from time to time by the Borrower; provided
that the Borrower’s Investment Policy shall not be modified in any manner that would or would reasonably be expected to materially and adversely affect the interests or remedies of the Administrative Agent or the Lenders without the prior
written consent of the Administrative Agent. 
 “Person” means any natural person or entity, including any corporation,
limited liability company, trust, joint venture, association, company, partnership or Governmental Authority or other entity. 

“Plan” means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of
ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as
defined in Section 3(5) of ERISA. 
 “Platform” has the meaning set forth in Section 5.01. 

“Pro Forma Basis” means, with respect to the calculation of the Leverage Ratio, that such calculation shall give pro forma
effect to all Restricted Payments, creation or incurrence of Liens or Acquisitions, all issuances, incurrences or assumptions and all repayments of Indebtedness (with any such Indebtedness being deemed to be amortized over the applicable testing
period in accordance with its terms) and all sales, transfers or other dispositions of any material assets outside the ordinary course of business that have occurred since the beginning of the four consecutive fiscal quarter period of the Borrower
most-recently ended on or prior to such date for which financial statements have been or were required to be delivered pursuant to paragraph (a) or (b) of Section 5.01 as if they occurred on the first day of such four consecutive
fiscal quarter period (including cost savings resulting from headcount reductions, facility closings or similar restructurings to the extent such cost savings (a) would be 

  
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permitted to be reflected in pro forma financial information complying with the requirements of GAAP and Article XI of Regulation S-X under the Securities Act of 1933, as amended, as interpreted
by the Staff of the SEC, and as certified by a Financial Officer or (b) have been realized or for which the steps necessary for realization have been taken, and as certified by a Financial Officer). 

“Proposed Change” has the meaning assigned to such term in Section 9.02(c). 

“Public Lender” has the meaning set forth in Section 5.01. 

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

“Rate Determination Date” means two (2) Business Days prior to the commencement of such Interest Period (or such other
day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the
Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent). 
 “Refinancing” has
the meaning assigned to such term in Section 4.01(a)(vii). 
 “Register” has the meaning assigned to such term in
Section 9.04(b). 
 “Regulated Subsidiary” means (i) any Broker Dealer Subsidiary, (ii) any Subsidiary
regulated as an insurance company or clearinghouse, and (iii) any Subsidiary whose dividends may be restricted, other activities undertaken by such Subsidiary may be limited or other regulatory actions with respect to such Subsidiary may be
taken, in each case by applicable Governmental Authorities in the event that such Subsidiary does not maintain capital at the level required by applicable Governmental Authorities. 

“Related Indemnified Person” has the meaning assigned to such term in Section 9.03(b). 

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors,
officers, employees, agents, trustees and advisors of such Person and such Person’s Affiliates. 
 “Release” means any
release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into or through the environment (including ambient air, surface water, groundwater, land surface or subsurface strata) or
within or upon any building, structure, facility or fixture. 
 “Required Lenders” means, at any time, Lenders having
Revolving Exposures and, without duplication, unused Commitments (other than Swingline Commitments), collectively, representing more than 50% of the aggregate Revolving Exposures and, without duplication, unused Commitments (other than Swingline
Commitments) at such time; provided that the unused Revolving Commitments and Revolving Exposure held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 

“Requirement of Law” means, with respect to any Person, any statute, law, treaty, rule, regulation, order, decree, writ,
official guidance, injunction or determination of any arbitrator or court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

  
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 “Responsible Officer” means (a) the chief executive officer, president,
executive vice president, chief financial officer, treasurer or assistant treasurer or other similar officer or Person performing similar functions of the Borrower, (b) as to any document delivered on the Closing Date, any secretary or
assistant secretary of the Borrower, (c) solely for purposes of notices given under Article II, any other officer or employee of the Borrower expressly designated as a “Responsible Officer” for purposes of the Loan Documents by any
other Responsible Officer in a written notice to the Administrative Agent and (d) any other officer or employee of the Borrower designated as a “Responsible Officer” for purposes of the Loan Documents in or pursuant to a written
agreement between the Borrower and the Administrative Agent in connection with the Loan Documents. Any document delivered hereunder that is signed by a Responsible Officer of the Borrower shall be conclusively presumed to have been authorized by all
necessary corporate, partnership and/or other action on the part of the Borrower and such Responsible Officer shall be conclusively presumed to have acted on behalf of the Borrower. 

“Restricted Payment” means (a) any dividend or other distribution (whether in cash, securities or other property) with
respect to any Equity Interests in the Borrower, (b) any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or
termination of any Equity Interests in the Borrower, (c) any option, warrant or other right to acquire any such Equity Interests in the Borrower, or (d) any other payment on account of any return of capital to the Borrower’s
stockholders (or the equivalent thereof), in each case, other than through the issuance of Qualified Equity Interests. For the avoidance of doubt, (i) payments with respect to Indebtedness convertible into Equity Interests shall not be deemed
to be Restricted Payments and (ii) the issuance of any common stock of the Borrower as grants or awards of restricted stock units or performance stock units in accordance with stock option or stock ownership plans, employment agreements,
incentive plans or other benefit plans approved by the Borrower’s Board of Directors for management, directors, former directors, employees and former employees of the Borrower and the Subsidiaries do not constitute Restricted Payments. 

“Revaluation Date” means (a) with respect to any Loan, each of the following: (i) each date of a Borrowing of a
Eurocurrency Loan denominated in an Alternative Currency, (ii) each date of a continuation of a Eurocurrency Loan denominated in an Alternative Currency pursuant to Section 2.03 and (iii) such additional dates as the Administrative
Agent shall reasonably determine or the Required Lenders shall reasonably require; and (b) with respect to any Letter of Credit, each of the following: (i) each date of issuance of a Letter of Credit denominated in an Alternative Currency,
(ii) each date of an amendment of any such Letter of Credit having the effect of increasing the amount thereof (solely with respect to the increased amount), (iii) each date of any payment by the Issuing Bank under any Letter of Credit
denominated in an Alternative Currency and (iv) such additional dates as the Administrative Agent or the Issuing Bank shall reasonably determine or the Required Lenders shall reasonably require. 

“Revolving Availability Period” means the period from and including the Closing Date to but excluding the earlier of the
Maturity Date and the date of termination of the Revolving Commitments. 
 “Revolving Commitment” means, with respect to
each Lender, the commitment, if any, of such Lender to make Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such
Lender’s Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to
Section 9.04 or pursuant to any Incremental Facility Amendment. The initial amount of each Lender’s Revolving Commitment is set forth on Schedule 2.01 to this Agreement, or in the Assignment and Assumption pursuant to which such
Lender shall have assumed its Revolving Commitment, as the case may be. The initial aggregate amount of the Lenders’ Revolving Commitments is $750,000,000. 

  
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 “Revolving Exposure” means, with respect to any Lender at any time, the sum of
the Outstanding Amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time. 
 “Revolving
Lender” means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure. 

“Revolving Loan” means a Loan made pursuant to Section 2.01. 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw Hill Companies, Inc. 

“Same Day Funds” means (a) with respect to disbursements and payments in Dollars, immediately available funds, and
(b) with respect to disbursements and payments in an Alternative Currency, same day or other funds as may be determined by the Administrative Agent or the Issuing Bank, as the case may be, to be customary in the place of disbursement or payment
for the settlement of international banking transactions in the relevant Alternative Currency. 
 “Sanction(s)” means any
sanction administered or enforced by the United States federal government (including without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury and, solely with respect to the definition of
“Designated Jurisdiction,” the Swedish Financial Supervisory Authority and European Economic Area. 
 “SEC” means
the Securities and Exchange Commission or any Governmental Authority succeeding to any of its principal functions. 
 “Senior
Notes” means any senior unsecured notes of the Borrower issued under any Senior Notes Indenture. 
 “Senior Notes
Indenture” means the (i) Indenture, dated as of January 15, 2010, between the Borrower and the trustee party thereto and (ii) the Indenture, dated as of June 7, 2013, between the Borrower and the trustee party
thereto. 
 “Spot Rate” for a currency means the rate determined by the Administrative Agent or the Issuing Bank, as
applicable, to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the
date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent or the Issuing Bank may obtain such spot rate from another financial institution designated by the
Administrative Agent or the Issuing Bank if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency; and provided further that the Issuing Bank may use such spot rate
quoted on the date as of which the foreign exchange computation is made in the case of any Letter of Credit denominated in an Alternative Currency. 

“SPV” has the meaning assigned to such term in Section 9.04(e). 

“Sterling” and “£” mean the lawful currency of the United Kingdom. 

“subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited
liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with
GAAP, as well as any other corporation, limited liability 

  
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company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power
or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent
or by the parent and one or more subsidiaries of the parent. 
 “Subsidiary” means any subsidiary of the Borrower. 

“Swap Agreement” means any agreement with respect to any swap, forward, future, spot currency purchase, hedging or derivative
transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or
pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers,
employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement. 
 “Swedish Kronor” means the
lawful currency of the Kingdom of Sweden. 
 “Swingline Commitment” means the commitment of each Swingline Lender to make
Swingline Loans, as such amount may be increased or decreased from time to time in accordance with the terms of this Agreement. The initial amount of each Swingline Lender’s Swingline Commitment is set forth on Schedule 2.01 to this
Agreement (as such amount may be adjusted as agreed among the Borrower and the Swingline Lenders; provided that, in the event that any Swingline Lender defaults in its obligations to make any Swingline Loan (a “Non-Performing
Swingline Lender”) and not in limitation of any other rights or remedies available to the Borrower, the Borrower may (x) elect, by notice to the Administrative Agent and the Non-Performing Swingline Lender to temporarily reduce the
Swingline Commitment of such Non-Performing Swingline Lender to $0 until such time, if any, as the Borrower notifies the Administrative Agent and each Swingline Lender that such Non-Performing Swingline Lender’s Swingline Commitment has been
reinstated and/or (y) with the consent of the Administrative Agent (not to be unreasonably withheld or delayed), replace all or a portion of the Swingline Commitment of such Non-Performing Swingline Lender with a Swingline Commitment from one
or more Revolving Lenders that agree to act as a Swingline Lender hereunder and provide such replacement Swingline Commitment). Notwithstanding anything to the contrary in this Agreement, any replacement in accordance with subclause (y) of the
foregoing proviso shall not require the consent of the Non-Performing Swingline Lender. The initial aggregate amount of the Swingline Lenders’ Swingline Commitments is $200,000,000. 

“Swingline Exposure” means, at any time, the aggregate principal amount of all Swingline Loans outstanding at such time. The
Swingline Exposure of any Lender at any time shall be its Applicable Percentage of the Swingline Exposure at such time. 

“Swingline Facility Sublimit” means $200,000,000. 

“Swingline Lenders” means (a) initially, Bank of America, JPMorgan Chase Bank, N.A., and Wells Fargo Bank, National
Association and (b) any other Person that becomes a Swingline Lender as contemplated by the definition of “Swingline Commitment” or pursuant to Section 2.04(h), Article VIII or Section 9.04(f), each in its capacity as lender
of Swingline Loans hereunder. 
 “Swingline Loan” means a Loan made pursuant to Section 2.04. 

  
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 “Swingline Loan Notice” means a request by the Borrower for a Borrowing of
Swingline Loans in accordance with Section 2.04 which, if in writing, shall be in the form of Exhibit B-2 or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic
transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower. 

“Syndication Agents” means JPMorgan Chase Bank, N.A., Merchant Banking, Skandinaviska Enskilda Banken AB (publ.), Mizuho
Bank, Ltd., Nordea Bank Finland Plc, New York Branch and Wells Fargo Bank, National Association, each in its capacity as a syndication agent for the Facilities. 

“TARGET Day” means any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) payment
system (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro. 

“Taxes” means any and all present or future taxes, levies, imposts, duties, withholdings or similar charges or deductions now
or hereafter imposed, levied, collected or withheld by any Governmental Authority, and any interest, penalties or additions to tax related thereto. 

“Total Indebtedness” means, without duplication, as of any date, the aggregate principal amount of Indebtedness of the
Borrower and the Subsidiaries included as a liability on the balance sheet of the Borrower and its Subsidiaries, determined on a consolidated basis, plus any guarantee of indebtedness of any third party; provided that the term
“Indebtedness” shall not include (i) contingent obligations of the Borrower or any Subsidiary as an account party or applicant in respect of any letter of credit or letter of guaranty unless such letter of credit or letter of guaranty
supports an obligation that constitutes Indebtedness, (ii) any unfunded commitment or (iii) any Indebtedness or Guarantees permitted by Section 6.01(viii), (ix) or (xii) and outstanding in reliance of any such Section. 

“Transaction Costs” means all fees, costs and expense incurred or payable by the Borrower or any Subsidiary in connection
with the Transactions. 
 “Transactions” means (a) the execution, delivery and performance by the Borrower of the Loan
Documents to which it is to be a party, (b) the Refinancing and (c) the payment of the Transaction Costs. 

“Type,” when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Eurocurrency Rate or the Base Rate. 
 “UK ESOP Program” means
any program in which any Subsidiary acts as an intermediary in the UK for customers’ exercise of employee stock option programs and/or equivalent incentive schemes that the customers have for its employees. 

“Unfunded Pension Liability” means the excess of a Plan’s benefit liabilities under Section 4001(a)(16) of ERISA
over the current value of that Plan’s assets, determined in accordance with the assumptions used for funding the Plan pursuant to Section 412 of the Code for the applicable plan year. 

“Unreimbursed Amount” has the meaning specified in Section 2.05(a)(x). 

“Wholly-Owned Subsidiary” means, with respect to any Person at any date, a subsidiary of such Person of which securities or
other ownership interests representing 100% of the Equity Interests (other than (a) directors’ qualifying shares and (b) shares issued to foreign nationals to the extent required by 

  
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applicable law) are, as of such date, owned, controlled or held by such Person or one or more Wholly-Owned Subsidiaries of such Person or by such Person and one or more Wholly-Owned Subsidiaries
of such Person. 
 “Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial
withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 SECTION 1.02
Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type (e.g., a “Eurocurrency Loan”) or by Class and
Type (e.g., a “Eurocurrency Revolving Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., a “Eurocurrency Borrowing”) or by Class and
Type (e.g., a “Eurocurrency Revolving Borrowing”). 
 SECTION 1.03 Terms Generally; Times of Day. The definitions of
terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless
otherwise indicated or the context requires otherwise, (a) any definition of or 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, amended and restated, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such
Person’s successors and assigns, (c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision
hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (e) the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. In the computation of periods of time
from a specified date to a later specified date, the word “from” means “from and including”; the words “to” and “until” each mean “to but excluding”; and the word “through” means “to
and including.” Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable). 

SECTION 1.04 Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial nature
shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision (including any definition) hereof to
eliminate the effect of any change occurring after the date hereof in GAAP (including any election by the Borrower to operate under IFRS) or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the
Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be
interpreted on the basis of GAAP as in effect and applied immediately before such change or election shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. 

SECTION 1.05 Pro Forma Calculations. For purposes of any determination of the Interest Coverage Ratio or Leverage Ratio pursuant to
Section 2.18 or any covenant set forth in Article VI: for any period during which any Acquisition or any sale, transfer or other disposition of any material assets outside the ordinary course of business occurs (or has occurred since the
last day of such period), the calculation of the Leverage Ratio with respect to such period for such purpose shall be made on a Pro Forma Basis. 

  
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 SECTION 1.06 Letter of Credit Amounts. Unless otherwise specified herein, the amount of a
Letter of Credit at any time shall be deemed to be the stated amount, or the Dollar Equivalent of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the
terms of any Issuer Document related thereto, provides for one or more automatic increases in the stated amount, or the Dollar Equivalent thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount, or the Dollar
Equivalent of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount, or the Dollar Equivalent is in effect at such times. 

SECTION 1.07 Exchange Rates; Currency Equivalents. 

(a) The Administrative Agent or the Issuing Bank, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for
calculating Dollar Equivalent amounts of Revolving Exposure and Outstanding Amounts denominated in Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any
amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by the Borrower hereunder or calculating financial ratios hereunder or except as otherwise provided herein, the
applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent or the Issuing Bank, as applicable; provided that for purposes of
determining compliance with any Dollar-denominated restriction on (x) the incurrence of Indebtedness, the Dollar-equivalent principal amount of Indebtedness denominated in a currency other than Dollars shall be calculated based on the relevant
currency exchange rate in effect on the date such Indebtedness is incurred, in the case of term debt, or first committed, in the case of revolving credit date; provided that, if indebtedness is incurred to extend, replace, refund, refinance, renew
or defease other Indebtedness denominated in a currency other than Dollars, and such extension, replacement, refunding, refinancing, renewal or defeasance would cause the applicable Dollar-denominated restriction to be exceeded if calculated at the
relevant currency exchange rate in effect on the date of such extension, replacement, refunding, refinancing, renewal or defeasance, such Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of
such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being extended, replaced, refunded, refinanced, renewed or defeased; and (y) the making of any investment, the Dollar-equivalent amount of any investment
denominated in a currency other than Dollars shall be calculated based on the relevant currency exchange rate in effect on the date such investment was made. 

(b) Wherever in this Agreement in connection with a Borrowing, conversion, continuation or prepayment of a Eurocurrency Loan or the issuance,
amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing, Eurocurrency Loan or Letter of Credit is denominated in an Alternative Currency, such amount shall
be the relevant Alternative Currency Equivalent of such Dollar amount (rounded to the nearest unit of such Alternative Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative Agent or the Issuing Bank, as the case may
be. 
 SECTION 1.08 Additional Alternative Currencies. 

(a) The Borrower may from time to time request that Revolving Loans be made and/or Letters of Credit be issued in a currency other than those
specifically listed in the definition of “Alternative Currency”; provided that such requested currency is a lawful currency (other than Dollars) 

  
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that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Eurocurrency Loans, such request shall be subject to
the approval of the Administrative Agent and the Revolving Lenders; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the Issuing
Bank. 
 (b) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., 15 Business Days prior to the date of the
desired credit extension (or such other time or date as may be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of Credit, the Issuing Bank, in its or their sole discretion). In the case of any such
request pertaining to Eurocurrency Loans, the Administrative Agent shall promptly notify each Revolving Lender thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall promptly notify the Issuing
Bank thereof. Each Revolving Lender (in the case of any such request pertaining to Eurocurrency Loans) or the Issuing Bank (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m.,
seven Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Eurocurrency Rate Revolving Loans or the issuance of Letters of Credit, as the case may be, in such requested currency. 

(c) Any failure by a Revolving Lender or the Issuing Bank, as the case may be, to respond to such request within the time period specified in
the preceding sentence shall be deemed to be a refusal by such Lender or the Issuing Bank, as the case may be, to permit Eurocurrency Rate Revolving Loans to be made or Letters of Credit to be issued in such requested currency. If the Administrative
Agent and all the Revolving Lenders consent to making Eurocurrency Loans in such requested currency, the Administrative Agent shall so notify the Borrower and such currency shall thereupon be deemed for all purposes to be an Alternative Currency
hereunder for purposes of any Borrowings of Eurocurrency Rate Revolving Loans; and if the Administrative Agent and the Issuing Bank consent to the issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the
Borrower and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Letter of Credit issuances. If the Administrative Agent shall fail to obtain consent to any request for an additional
currency under this Section 1.08, the Administrative Agent shall promptly so notify the Borrower. 
 SECTION 1.09 Change of
Currency. 
 (a) Each obligation of the Borrower to make a payment denominated in the national currency unit of any member state of the
European Union that adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption (in accordance with the EMU Legislation). If, in relation to the currency of any such member state, the
basis of accrual of interest expressed in this Agreement in respect of that currency shall be inconsistent with any convention or practice in the London interbank market for the basis of accrual of interest in respect of the Euro, such expressed
basis shall be replaced by such convention or practice with effect from the date on which such member state adopts the Euro as its lawful currency; provided that if any Borrowing in the currency of such member state is outstanding immediately
prior to such date, such replacement shall take effect, with respect to such Borrowing, at the end of the then current Interest Period. 

(b) Each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent (after
consultation with the Borrower) may from time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or practices relating to the Euro. 

  
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 (c) Each provision of this Agreement also shall be subject to such reasonable changes of
construction as the Administrative Agent may (after consultation with the Borrower) from time to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices relating to the
change in currency. 
 ARTICLE II 

THE CREDITS 
 SECTION 2.01
Commitments. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make Revolving Loans denominated in Dollars or an Alternative Currency to the Borrower as elected by the Borrower pursuant to
Section 2.02 from time to time, on any Business Day during the Revolving Availability Period, in an aggregate Outstanding Amount that will not result in such Revolving Lender’s Revolving Exposure exceeding such Revolving Lender’s
Revolving Commitment and the Outstanding Amount of Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the
other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.09, and reborrow under this Section 2.01. Revolving Loans denominated in Dollars may be ABR Loans or Eurocurrency Loans, as
further provided herein, and Revolving Loans denominated in Alternative Currencies must be Eurocurrency Loans, as further provided herein. 

SECTION 2.02 Funding of Loans. Each Loan (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Loans of the
same Class and Type made by the Lenders ratably in accordance with their respective Commitments of the applicable Class. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations
hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. Each Lender at its option may make any Eurocurrency Loan by causing any
domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 

SECTION 2.03 Requests for Borrowings. 

(a) Each Borrowing (other than Borrowings of Swingline Loans with respect to which this Section 2.03 shall not apply), each conversion of
Loans from one Type to the other, and each continuation of Eurocurrency Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the
Administrative Agent not later than (i) 12:00 noon, New York City time, three (3) Business Days prior to the requested date of any Borrowing or continuation of Eurocurrency Loans denominated in Dollars or any conversion of ABR Loans to
Eurocurrency Loans, (ii) 12:00 noon, New York City time, four (4) Business Days prior to the requested date of any Borrowing or continuation of Eurocurrency Loans denominated in an Alternative Currency, and (iii) 11:00 a.m., New York
City time, on the requested date of any Borrowing of ABR Loans; provided, however, that if the Borrower wishes to request Eurocurrency Loans (other than Eurocurrency Loans, if any, made on the Closing Date) having an Interest Period
other than one, two, three or six months in duration as provided in the definition of “Interest Period,” the applicable notice must be received by the Administrative Agent not later than 11:00 a.m. four Business Days prior to the requested
date of such Borrowing, conversion or continuation, whereupon the Administrative Agent shall give prompt notice to the Lenders of such request and determine whether the requested Interest Period is acceptable to all of them. Not later than 11:00
a.m., three Business Days before the requested date of such Borrowing, conversion or continuation, the Administrative Agent shall notify the Borrower (which 

  
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notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lenders. Each telephonic notice by the Borrower pursuant to this Section 2.03(a)
must be confirmed promptly by delivery to the Administrative Agent of a written Borrowing Request, appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing of, conversion to or continuation of Eurocurrency Loans
shall be in an amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as provided in Sections 2.04 and 2.05, each Borrowing of or conversion to ABR Loans shall be in a principal amount of $2,500,000 or a whole multiple of
$500,000 in excess thereof. Each Borrowing Request (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Borrowing of Revolving Loans, a conversion of Revolving Loans from one Type to the other, or a
continuation of Eurocurrency Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued,
(iv) the currency in which the Loans to be borrowed are to be denominated, (v) the Type of Loans to be borrowed or to which existing Revolving Loans are to be converted, and (vi) if applicable, the duration of the Interest Period with
respect thereto. If the Borrower fails to specify a Type of Loan in a Borrowing Request or fails to give a timely notice requesting a conversion or continuation, then the applicable Revolving Loans shall be made as, or converted to, ABR Loans
(unless the Loan being made or continued is denominated in an Alternative Currency, in which case it shall be made or continued as a Eurocurrency Loan with an Interest Period of one month). Any such automatic conversion to ABR Loans shall be
effective as of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of Eurocurrency Loans in any such Borrowing Request, but
fails to specify an Interest Period (or fails to give a timely notice requesting a continuation of Eurocurrency Loans denominated in an Alternative Currency), it will be deemed to have specified an Interest Period of one (1) month. If no
currency is specified in a Borrowing Request, the requested Borrowing shall be in Dollars. 
 (b) Following receipt of a Borrowing Request,
the Administrative Agent shall promptly notify each applicable Lender of the amount (and currency) of its pro rata share of the applicable Class of Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the
Administrative Agent shall notify each applicable Lender of the details of any automatic conversion to ABR Loans or continuation of Loans denominated in an Alternative Currency described in Section 2.03(a). In the case of each Borrowing, each
applicable Lender shall make the amount of its Loan available to the Administrative Agent in Same Day Funds at the Administrative Agent’s Office for Dollars or the applicable Alternative Currency, as the case may be, not later than
1:00 p.m., New York City time, on the Business Day specified in the applicable Borrowing Request. Upon satisfaction of the conditions set forth in Section 4.02 (and, with respect to Loans, if any, made on the Closing Date, the conditions
set forth in Section 4.01), the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of the
Administrative Agent with such amount in immediately available funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower;
provided that if, on the date a Borrowing Request with respect to a Borrowing of Revolving Loans is given by the Borrower, there are LC Borrowings or Swingline Loans outstanding, then the proceeds of such Borrowing shall be applied, first, to
the payment in full of any such LC Borrowings, second, to the prepayment in full of any such Swingline Loans and third, to the Borrower as provided above. 

(c) Except as otherwise provided herein, a Eurocurrency Loan may be continued or converted only on the last day of an Interest Period for such
Eurocurrency Loan. During the existence of an Event of Default, the Required Lenders may require that no Loans may be converted to or continued as Eurocurrency Loans. 

  
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 (d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest
rate applicable to any Interest Period for Eurocurrency Loans upon determination of such interest rate. The determination of the Eurocurrency Rate by the Administrative Agent shall be conclusive in the absence of manifest error. At any time that ABR
Loans are outstanding, the Administrative Agent shall notify the Borrower and the applicable Lenders of any change in the Administrative Agent’s prime rate used in determining the Base Rate promptly following the public announcement of such
change. 
 (e) After giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as
the same Type, there shall not be more than ten (10) Interest Periods in effect at one time unless otherwise agreed between the Borrower and the Administrative Agent. 

(f) Unless the Administrative Agent shall have received notice from a Lender prior to the time of any Borrowing that such Lender will not make
available to the Administrative Agent such Lender’s portion of such Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance with
paragraph (b) above, and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If the Administrative Agent shall have so made funds available, then, to the extent
that such Lender shall not have made such portion available to the Administrative Agent, each of such Lender and the Borrower severally agrees to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest
thereon, for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the Administrative Agent at (i) in the case of the Borrower, the interest rate applicable at the time to the Loans
comprising such Borrowing and (ii) in the case of such Lender, the Overnight Rate plus any administrative, processing, or similar fees customarily charged by the Administrative Agent in accordance with the foregoing. A certificate of the
Administrative Agent submitted to any Lender with respect to any amounts owing under this Section 2.03(f) shall be conclusive in the absence of manifest error. If the Borrower and such Lender shall pay such interest to the Administrative Agent
for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Administrative
Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing and the Administrative Agent shall promptly remit to Borrower any amounts previously paid by Borrower in respect of such Borrowing under this
Section 2.03. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. 

(g) Each Lender that is a lender under the Existing Credit Agreement hereby waives the right to any payments pursuant to Section 2.14 of
the Existing Credit Agreement in connection with the Refinancing. 
 SECTION 2.04 Swingline Loans. 

(a) Subject to the terms and conditions set forth herein, each Swingline Lender shall make Swingline Loans to the Borrower in Dollars from
time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate Outstanding Amount of Swingline Loans exceeding $200,000,000 or (ii) the aggregate
Revolving Exposures exceeding the aggregate Revolving Commitments; provided that no Swingline Lender shall be required to make a Swingline Loan to refinance an outstanding Swingline Loan; provided, further, that each Swingline
Lender shall fund its pro rata share of each Swingline Loan in accordance with its Swingline Commitment; provided, further, that no Swingline Lender shall be required to make a Swingline Loan in excess of such Swingline Lender’s
Swingline Commitment. All Swingline Loans shall be ABR Loans. Within the foregoing limits and subject to the terms and conditions set forth herein, the 

  
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Borrower may borrow, prepay and reborrow Swingline Loans. Immediately upon the making of a Swingline Loan, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally
agrees to, purchase from the Swingline Lenders a risk participation in such Swingline Loan in an amount equal to the product of Revolving Lender’s Applicable Percentage times the amount of such Swingline Loan. 

(b) To request a Swingline Loan, the Borrower shall notify the Administrative Agent. Any notice received by the Administrative Agent on a
Business Day after 3:00 p.m., New York City time and prior to 8:00 a.m., New York City time on the following Business Day shall be deemed to have been received by the Administrative at 8:00 a.m. on such following Business Day. Each such notice shall
specify (i) the amount to be borrowed, which shall be a minimum of $500,000 (and any amount in excess of $500,000 shall be an integral multiple of $100,000), and (ii) the requested borrowing date, which shall be a Business Day. Each such
telephonic notice must be confirmed promptly by delivery to the Administrative Agent of a written Swingline Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Promptly after receipt by the Administrative Agent
of any telephonic Swingline Loan Notice, the Administrative Agent (by telephone or in writing) shall notify each Swingline Lender that it has received such Swingline Loan Notice and will notify each Swingline Lender (by telephone or in writing) of
the contents thereof and such Swingline Lender’s pro rata share of the Swingline Loans so requested. Within 90 minutes after receipt of notice from the Administrative Agent, each Swingline Lender will make the ratable amount of its Swingline
Loan available to the Administrative Agent at the Administrative Agent’s Office for Dollars. Promptly after receipt of the funds from the Swingline Lenders and satisfaction of the conditions set forth in Section 4.02 by the Administrative
Agent), the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (x) crediting the account of the Borrower on the books of the Administrative Agent in
immediately available funds or (y) if agreed to by the Administrative Agent, wire transfer of such funds in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower. The failure of any
Swingline Lender to make any Swingline Loan required to be made by it shall not relieve any other Swingline Lender of its obligations hereunder; provided that the Swingline Commitments of the Swingline Lenders are several and not joint and no
Swingline Lender shall be responsible for any other Swingline Lender’s failure to make Swingline Loans as required. In the event any Swingline Lender fails to make the ratable amount of its Swingline Loan available to the Administrative Agent
within 90 minutes after receipt of notice from the Administrative Agent, then promptly after the expiration of such 90-minute period, the Administrative Agent shall make available to the Borrower the portion of Swingline Loans funded by the other
Swingline Lenders, subject to satisfaction of the conditions set forth in Section 4.02. 
 (c) (i) Any Swingline Lender at any time in
its sole and absolute discretion may request, on behalf of the Borrower (which hereby irrevocably authorizes each Swingline Lender to so request on its behalf), that each Revolving Lender make an ABR Revolving Loan in an amount equal to such
Revolving Lender’s Applicable Percentage of the amount of Swingline Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Borrowing Request for purposes hereof) and in accordance with the
requirements of Section 2.03 without regard to the minimum and multiples specified therein for the principal amount of ABR Revolving Loans, but subject to the unutilized portion of the Revolving Commitments and the conditions set forth in
Section 4.02. The requesting Swingline Lender shall furnish the Borrower with a copy of the applicable Borrowing Request promptly after delivering such notice to the Administrative Agent. Each Revolving Lender shall make an amount equal to its
Applicable Percentage of the amount specified in such Borrowing Request available to the Administrative Agent in Same Day Funds for the account of the Swingline Lenders at the Administrative Agent’s Office for Dollar-denominated payments not
later than 1:00 p.m. on the day specified in such Borrowing Request, whereupon, subject to Section 2.04(c)(ii), each Lender that so makes funds available shall be deemed to have made an ABR Revolving Loan to the Borrower in such amount. The
Administrative Agent shall remit the funds so received ratably to the Swingline Lenders and such funds shall be applied to repay the applicable Swingline Loan. 

  
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 (ii) If for any reason any Swingline Loan cannot be refinanced by such a Borrowing of Revolving
Loans in accordance with Section 2.04(c)(i), the request for ABR Revolving Loans submitted by any Swingline Lender as set forth herein shall be deemed to be a request by the Swingline Lenders that each of the Lenders fund its risk participation
in the relevant Swingline Loan and each Lender’s payment to the Administrative Agent for the account of the Swingline Lenders pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such participation. 

(iii) If any Revolving Lender fails to make available to the Administrative Agent for the account of the Swingline Lenders any amount required
to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(i), the Swingline Lenders shall be entitled to recover from such Lender (acting through the Administrative
Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Swingline Lenders at a rate per annum equal to the applicable Overnight Rate
from time to time in effect, plus any administrative, processing or similar fees customarily charged by the applicable Swingline Lender in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the
amount so paid shall constitute such Lender’s ABR Revolving Loan included in the relevant Borrowing of Revolving Loans or funded participation in the relevant Swingline Loan, as the case may be. A certificate of a Swingline Lender submitted to
any Revolving Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error. If any Revolving Lender becomes a Defaulting Lender, the Borrower shall within one
Business Day following request by the Swingline Lenders repay all then outstanding Swingline Loans. 
 (iv) Each Revolving Lender’s
obligation to make ABR Revolving Loans or to purchase and fund risk participations in Swingline Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right which such Lender may have against any of the Swingline Lenders, the Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or
(C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Lender’s obligation to make ABR Revolving Loans pursuant to this Section 2.04(c) is
subject to the conditions set forth in Section 4.02. No such funding of risk participations shall relieve or otherwise impair the obligation of the Borrower to repay Swingline Loans, together with interest as provided herein. 

(d) (i) At any time after any Revolving Lender has purchased and funded a risk participation in a Swingline Loan, if a Swingline Lender
receives any payment on account of such Swingline Loan, such Swingline Lender will distribute to the Administrative Agent, for the account of any such Revolving Lender, an amount equal to any such Revolving Lender’s Applicable Percentage
therein in the same funds as those received by such Swingline Lender. 
 (ii) If any payment received by a Swingline Lender in respect of
principal or interest on any Swingline Loan is required to be returned by such Swingline Lender under any of the circumstances described in Section 9.03 (including pursuant to any settlement entered into by a Swingline Lender in its
discretion), each Revolving Lender shall pay to each Swingline Lender its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per
annum equal to the applicable Overnight Rate. The Administrative Agent will make such demand upon the request of such Swingline Lender. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the
termination of this Agreement. 

  
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 (e) The Administrative Agent shall be responsible for invoicing the Borrower for interest on the
Swingline Loans. Until each Revolving Lender funds its ABR Revolving Loan or risk participation pursuant to this Section 2.04 to refinance such Revolving Lender’s Applicable Percentage of any Swingline Loan, interest in respect of such
Applicable Percentage shall be payable to the Administrative Agent, solely for the account of such Swingline Lender. 
 (f) The Borrower
shall make all payments of principal and interest in respect of the Swingline Loans to the Administrative Agent, for the account of the Swingline Lenders. 

(g) To the extent not previously refinanced under Section 2.04(c), Borrower shall repay each Swingline Loan on the earlier to occur of
(i) the date that is ten Business Days after such Loan is made and (ii) the Maturity Date. 
 (h) Subject to the Swingline
Facility Sublimit, a Revolving Lender may provide a new Swingline Commitment and become an additional Swingline Lender hereunder (or, as applicable, increase its existing Swingline Commitment) pursuant to a written agreement between the Borrower and
such Revolving Lender and with the consent of the Administrative Agent (not to be unreasonably withheld or delayed). The Administrative Agent shall notify the Revolving Lenders of any such additional Swingline Lender. 

(i) The aggregate amount of any Swingline Lender’s Swingline Commitments may be increased or decreased from time to time in accordance
with the terms of this Agreement without the consent of any Revolving Lender (other than, to the extent such consent is otherwise required hereunder, such Revolving Lender in its capacity as a Swingline Lender and/or the Administrative Agent, as
applicable); provided that in no event shall the aggregate amount of the Swingline Lenders’ Swingline Commitments in effect at any time exceed the Swingline Facility Sublimit. Any increase in any Swingline Lender’s Swingline Commitments
shall only require (i) a written agreement between the Borrower and such Swingline Lender and (ii) the consent of the Administrative Agent (not to be unreasonably withheld or delayed). Except with respect to any reduction pursuant to the
definition of Swingline Commitment, Section 2.06 or Section 9.04(f), any decrease in any Swingline Lender’s Swingline Commitments shall only require (i) a written agreement between the Borrower and such Swingline Lender and
(ii) written notice to the Administrative Agent. 
 SECTION 2.05 Letters of Credit. 

(a) The Letter of Credit Commitment. 

(i) Subject to the terms and conditions set forth herein, (A) the Issuing Bank agrees, in reliance upon the agreements of the other
Revolving Lenders set forth in this Section 2.05, (x) from time to time on any Business Day during the period from the Closing Date until the fifth Business Day prior to the Maturity Date, to issue Letters of Credit for the account of the
Borrower (provided that any Letter of Credit may be for the benefit of any Subsidiary of the Borrower) and to amend or renew Letters of Credit previously issued by it, in accordance with this Section 2.05, and (y) to honor drawings
under the Letters of Credit and (B) the Revolving Lenders severally agree to participate in Letters of Credit issued pursuant to this Section 2.05; provided that the Issuing Bank shall not be obligated to make LC Credit Extensions
with respect to Letters of Credit, and Revolving Lenders shall not be obligated to participate in Letters of Credit if, after giving effect to such LC Credit Extension, (x) the Revolving Exposures would exceed the Revolving Commitments, or
(y) the Outstanding Amount of the LC Exposure would exceed $50,000,000. 

  
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Each request by the Borrower for an LC Credit Extension shall be deemed to be a representation by the Borrower that the LC Credit Extension so requested complies with the conditions set forth in
the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the
foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed. 

(ii) The Issuing Bank shall not issue any Letter of Credit if: 

(1) subject to Section 2.05(a)(viii), the expiry date of such requested Letter of Credit would occur more than twelve
months after the date of issuance or last renewal, unless otherwise agreed by the Issuing Bank and the Administrative Agent; or 

(2) the expiry date of such requested Letter of Credit would occur after the applicable fifth Business Day prior to the
Maturity Date, unless each Revolving Lender shall have approved such expiry date. 
 (iii) The Issuing Bank shall be under no obligation to
issue any Letter of Credit if: 
 (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its
terms purport to enjoin or restrain the Issuing Bank from issuing such Letter of Credit, or any Requirement of Law applicable to the Issuing Bank or any directive (whether or not having the force of law) from any Governmental Authority with
jurisdiction over the Issuing Bank shall prohibit, or direct that the Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the Issuing Bank with respect to such Letter of
Credit any restriction, reserve or capital requirement (for which the Issuing Bank is not otherwise compensated hereunder) not in effect on the date of this Agreement, or shall impose upon the Issuing Bank any unreimbursed loss, cost or expense
which was not applicable on the date of this Agreement (for which the Issuing Bank is not otherwise compensated hereunder); 

(B) the issuance of such Letter of Credit would violate one or more policies of the Issuing Bank applicable to letters of
credit generally; 
 (C) except as otherwise agreed by the Administrative Agent and the Issuing Bank, such Letter of Credit
is to be denominated in a currency other than Dollars or an Alternative Currency; or 
 (D) any Revolving Lender is then a
Defaulting Lender unless the Borrower has Cash Collateralized such Defaulting Lender’s Applicable Percentage of such Letter of Credit. 

(iv) The Issuing Bank shall be under no obligation to amend any Letter of Credit if (A) the Issuing Bank would have no obligation at such
time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 

(v) The Issuing Bank shall act on behalf of the Revolving Lenders with respect to any Letters of Credit issued by it and the documents
associated therewith, and the Issuing Bank shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article VIII with respect to any acts taken or omissions suffered by the Issuing Bank in connection with
Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Article VIII included the Issuing Bank with respect to such
acts or omissions, and (B) as additionally provided herein with respect to the Issuing Bank. 

  
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 (vi) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of
the Borrower delivered to the Issuing Bank (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. Such Letter of Credit Application must
be received by the Issuing Bank and the Administrative Agent not later than 12:00 noon at least two (2) Business Days prior to the proposed issuance date or date of amendment, as the case may be; or, in each case, such later date and time as
the Issuing Bank may agree in a particular instance in its sole discretion. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the
Issuing Bank: (a) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (b) the amount thereof; (c) the expiry date thereof; (d) the name and address of the beneficiary thereof;
(e) the documents to be presented by such beneficiary in case of any drawing thereunder; (f) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (g) the currency in which the request
Letter of Credit will be denominated; and (h) such other information as shall be necessary to prepare such Letter of Credit. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall
specify in form and detail reasonably satisfactory to the Issuing Bank (1) the Letter of Credit to be amended; (2) the proposed date of amendment thereof (which shall be a Business Day); (3) the nature of the proposed amendment; and
(4) such other information as shall be necessary to amend such Letter of Credit. 
 (vii) Promptly after receipt of any Letter of
Credit Application, the Issuing Bank will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower and, if not, the Issuing Bank will
provide the Administrative Agent with a copy thereof. Unless the Issuing Bank has received written notice from the Required Lenders, the Administrative Agent or the Borrower, at least one Business Day prior to the requested date of issuance or
amendment of the applicable Letter of Credit, that one or more conditions contained in Section 4.02 (and, with respect to Letters of Credit, if any, issued on the Closing Date, the conditions set forth in Section 4.01) shall not then be
satisfied, then, subject to the terms and conditions hereof, the Issuing Bank shall, on the requested date, issue a Letter of Credit for the account of the Borrower (or the applicable Subsidiary) or enter into the applicable amendment, as the case
may be. Immediately upon the issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, acquire from the Issuing Bank a risk participation in such Letter of Credit in an amount
equal to such Revolving Lender’s Applicable Percentage times the amount of such Letter of Credit. 
 (viii) If the Borrower so requests
in any applicable Letter of Credit Application, the Issuing Bank may, in its sole discretion, agree to issue a Letter of Credit that has automatic renewal provisions (each, an “Auto-Renewal Letter of Credit”); provided that
any such Auto-Renewal Letter of Credit must permit the Issuing Bank to prevent any such renewal at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary
thereof not later than a day (the “Nonrenewal Notice Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the Issuing Bank, the Borrower shall not be
required to make a specific request to the Issuing Bank for any such renewal. Once an Auto-Renewal Letter of Credit has been issued, the Revolving Lenders shall be deemed to have authorized (but may not require) the Issuing Bank to permit the
renewal of such Letter of Credit at any time to an expiry date not later than the fifth Business Day prior to the Maturity Date; provided that the Issuing Bank shall not permit any such renewal if (A) the Issuing Bank has determined that
it would not be permitted, or would have no obligation at such time to issue such Letter of Credit in its renewed form under the terms hereof (by reason of the provisions of clause (ii) or (iii) of Section 2.05(a) or otherwise),

  
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or (B) it has received notice (which may be by telephone or in writing) on or before the day that is five (5) Business Days before the Nonrenewal Notice Date from the Administrative
Agent or the Required Lenders, as applicable, or the Borrower that one or more of the conditions specified in Section 4.02 is not then satisfied. 

(ix) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to
the beneficiary thereof, the Issuing Bank will also deliver to the Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. 

(x) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall
notify promptly the Borrower and the Administrative Agent thereof. In the case of an LC Disbursement with respect to any Letter of Credit denominated in an Alternative Currency, the Borrower shall reimburse the Issuing Bank in such Alternative
Currency, unless (A) the Issuing Bank (at its option) shall have specified in such notice that it will require reimbursement in Dollars, or (B) in the absence of any such requirement for reimbursement in Dollars, the Borrower shall have
notified the Issuing Bank promptly following receipt of the notice of drawing that the Borrower will reimburse the Issuing Bank in Dollars. In the case of any such reimbursement in Dollars of an LC Disbursement under a Letter of Credit denominated
in an Alternative Currency, the Issuing Bank shall notify the Borrower of the Dollar Equivalent of the amount of the LC Disbursement promptly following the determination thereof. Not later than 11:00 a.m. on the first Business Day following the date
on which the Borrower receives notice of any LC Disbursement (each such date, an “Honor Date”), the Borrower shall reimburse the Issuing Bank in an amount equal to the amount of such LC Disbursement and in the applicable currency.
If the Borrower fails to so reimburse the Issuing Bank by such time, the Administrative Agent shall promptly notify each Revolving Lender of the Honor Date, the amount of the unreimbursed LC Disbursement (the “Unreimbursed Amount”)
(expressed in Dollars based on the Dollar Equivalent amount thereof in the case of an Alternative Currency), and the amount of such Revolving Lender’s Applicable Percentage thereof. In such event, the Borrower shall be deemed to have requested
an ABR Revolving Loan to be disbursed on the Honor Date in an amount equal to the Outstanding Amount of such LC Disbursement, without regard to the minimum and multiples specified in Section 2.03 for the principal amount of ABR Loans, but
subject to the amount of the unutilized portion of the Revolving Commitments, and subject to the conditions set forth in Section 4.02 (other than the delivery of a Borrowing Request). Any notice given by the Issuing Bank or the Administrative
Agent pursuant to this Section 2.05(a)(x) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 

(xi) Each Revolving Lender (including any such Lender acting as the Issuing Bank) shall upon receipt of any notice made pursuant to
Section 2.05(a)(x) make funds available to the Administrative Agent for the account of the Issuing Bank at the Administrative Agent’s Office for payments in an amount equal to its Applicable Percentage of any LC Disbursement that has not
been reimbursed by the Borrower at or prior to 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.05(a)(xii), each Revolving Lender that so makes funds available
shall be deemed to have made an ABR Revolving Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the Issuing Bank and such funds shall be applied to repay the applicable LC Disbursement. 

(xii) With respect to any LC Disbursement that is not fully reimbursed by the Borrower and has not been refinanced by an ABR Revolving Loan
because the applicable conditions set forth in Article IV cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the Issuing Bank an LC Borrowing in the Outstanding Amount of the LC Disbursement that is not
so 

  
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reimbursed or refinanced, which LC Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the rate specified in Section 2.11(c). In such event, each
Revolving Lender’s payment to the Administrative Agent for the account of the Issuing Bank pursuant to Section 2.05(a)(xi) shall be deemed payment in respect of its participation in such LC Borrowing and shall constitute an LC Advance from
such Lender in satisfaction of its participation obligation under this Section 2.05. 
 (xiii) Until a Revolving Lender funds its
Revolving Loan or LC Advance pursuant to this Section 2.05(a) to reimburse the Issuing Bank for any LC Disbursement, interest in respect of such Revolving Lender’s Applicable Percentage of such amount shall be solely for the account of the
Issuing Bank. 
 (xiv) Each Revolving Lender’s obligation to make Revolving Loans or LC Advances to reimburse the Issuing Bank for LC
Disbursements that are not reimbursed by the Borrower as set forth herein, as contemplated by this Section 2.05(a), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim,
recoupment, defense or other right which such Lender may have against the Issuing Bank, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default; or (C) any other occurrence, event or
condition, whether or not similar to any of the foregoing; provided that each Revolving Lender’s obligation to make Revolving Loans pursuant to this Section 2.05(a) is subject to the conditions set forth in Section 4.02 (other
than delivery by the Borrower of a Borrowing Request). No such making of an LC Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the Issuing Bank for the amount of any payment made by the Issuing Bank under any
Letter of Credit, together with interest as provided herein. 
 (xv) If any Revolving Lender fails to make available to the Administrative
Agent for the account of the Issuing Bank any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.05(a) by the time specified in Section 2.05(a)(xi), the Issuing Bank shall be entitled to
recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Issuing Bank at
a rate per annum equal to the applicable Overnight Rate from time to time in effect plus any administrative, processing or similar fees customarily charged by the Issuing Bank in connection with the foregoing. A certificate of the Issuing Bank
submitted to any Revolving Lender (through the Administrative Agent) with respect to any amounts owing under this Section 2.05(a)(xv) shall be conclusive absent manifest error. 

(xvi) If any Revolving Lender becomes a Defaulting Lender following the issuance of any Letter of Credit, the Borrower will promptly deposit
Cash Collateral with the Issuing Bank in an amount equal to such Defaulting Lender’s Applicable Percentage of each outstanding Letter of Credit which Cash Collateral shall be held by the Issuing Bank to secure such Defaulting Lender’s
obligations to participate in such Letter of Credit (and, if any Cash Collateral remains following the return or expiration of such Letter of Credit, shall be returned to the Borrower promptly following such return or expiration). 

(b) Repayment of Participations. 

(i) If, at any time after the Issuing Bank has made a payment under any Letter of Credit and has received from any Revolving Lender such
Lender’s LC Advance in respect of such payment in accordance with Section 2.05(a), the Administrative Agent receives for the account of the Issuing Bank any payment in respect of the related LC Disbursement or interest thereon (whether
directly from the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Lender its Applicable Percentage

  
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thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s LC Advance was outstanding) in the same funds as those received by
the Administrative Agent. 
 (ii) If any payment received by the Administrative Agent for the account of the Issuing Bank pursuant to
Section 2.05(a)(x) is required to be returned under any of the circumstances described in Section 9.03 (including pursuant to any settlement entered into by the Issuing Bank in its discretion), each Revolving Lender shall pay to the
Administrative Agent for the account of the Issuing Bank its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per
annum equal to the applicable Overnight Rate from time to time in effect. The obligations of the Revolving Lenders under this clause (b)(ii) shall survive the payment in full of the Obligations and the termination of this Agreement. 

(c) The obligation of the Borrower to reimburse the Issuing Bank for each LC Disbursement and to repay each LC Borrowing shall be absolute,
unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following: 

(A) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document; 

(B) the existence of any claim, counterclaim, setoff, defense or other right that the Borrower or any Subsidiary may have at
any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the Issuing Bank or any other Person, whether in connection with this Agreement, the
transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

(C) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent,
invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit; 

(D) any payment by the Issuing Bank under such Letter of Credit against presentation of a draft or certificate that does not
strictly comply with the terms of such Letter of Credit; or any payment made by the Issuing Bank under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors,
liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any bankruptcy or insolvency proceeding; 

(E) any adverse change in the relevant exchange rates or in the availability of the relevant Alternative Currency to the
Borrower or any Subsidiary or in the relevant currency markets generally; or 
 (F) any other circumstance or happening
whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower; 

provided that the foregoing shall not excuse the Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to
consequential damages, claims in respect of which are waived by 

  
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the Borrower to the extent permitted by any Requirement of Law) suffered by the Borrower that are caused by the Issuing Bank’s failure to exercise care when determining whether drafts and
other documents presented under a Letter of Credit comply with the terms thereof, or acts or omissions by the Issuing Bank constituting gross negligence or willful misconduct by, the Issuing Bank. 

(d) Neither the Administrative Agent, the Lenders nor the Issuing Bank, nor any of their Related Parties, shall have any liability or
responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any
error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in
interpretation of technical terms or any consequence arising from causes beyond the control of the Issuing Bank; provided that the foregoing shall not be construed to excuse the Issuing Bank from liability to the Borrower to the extent of any
direct damages (as opposed to consequential or punitive damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by the Issuing Bank’s failure to
exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence, bad faith or willful misconduct on the
part of, the Issuing Bank (as finally determined by a court of competent jurisdiction), the Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof,
the parties agree that, with respect to documents presented that appear on their face to be in substantial compliance with the terms of a Letter of Credit, the Issuing Bank may, in its sole discretion, either accept and make payment upon such
documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such
Letter of Credit. 
 (e) If (i) any Event of Default occurs and is continuing and the Required Lenders require the Borrower to Cash
Collateralize the LC Exposure or (ii) an Event of Default pursuant to clause (h) or (i) of Article VII occurs and is continuing, then the Borrower shall Cash Collateralize the LC Exposure (in an amount equal to the Outstanding Amount
thereof determined as of the date of such Event of Default), and shall do so not later than 2:00 p.m. New York City time on (x) in the case of the immediately preceding clause (i), (1) the Business Day that the Borrower receives notice
thereof, if such notice is received on such day prior to 12:00 Noon New York City time or (2) if clause (1) above does not apply, the Business Day immediately following the day that the Borrower receives such notice and (y) in the
case of the immediately preceding clause (ii), the Business Day on which an Event of Default set forth under clause (h) or (i) occurs or, if such day is not a Business Day, the Business Day immediately succeeding such day. For purposes
hereof, “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the Issuing Bank and the Revolving Lenders, as collateral for the LC Exposure, cash or deposit account balances
(“Cash Collateral”) pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the Issuing Bank (which documents are hereby consented to by the Revolving Lenders). Derivatives of such
term have corresponding meanings. The Borrower hereby grants to the Administrative Agent, for the benefit of the Issuing Bank and the Revolving Lenders, a security interest in all such cash, deposit accounts and all balances therein and all proceeds
of the foregoing. Cash Collateral shall be maintained in blocked accounts at the Administrative Agent and may be invested in readily available Cash Equivalents selected by the Administrative Agent in its sole discretion. The Administrative Agent
may, at any time and from time to time after the initial deposit of Cash Collateral, request that additional Cash Collateral be provided in order to protect against the results of exchange rate fluctuations. Upon the drawing of any Letter of Credit
for which funds are on deposit as Cash Collateral, such funds shall be applied, to the extent permitted under applicable Requirements of Law, to reimburse the Issuing Bank. To the extent the 

  
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amount of any Cash Collateral exceeds the then Outstanding Amount of such LC Exposure and so long as no Event of Default has occurred and is continuing, the excess shall be refunded to the
Borrower within three days of the date that such excess accrues together with all interest, if any, that has accrued on such amount. If such Event of Default is cured or waived and no other Event of Default is then occurring and continuing, the
amount of any Cash Collateral shall be refunded to the Borrower within three days of the occurrence of such cure or waiver together with all interest, if any, that has accrued on such amount. 

(f) Applicability of ISP. Unless otherwise expressly agreed by the relevant Issuing Bank and the Borrower when a Letter of Credit is
issued, the rules of the ISP shall apply to each Letter of Credit. 
 (g) Conflict with Letter of Credit Application. Notwithstanding
anything else to the contrary in any Letter of Credit Application, in the event of any conflict between the terms hereof and the terms of any Letter of Credit Application, the terms hereof shall control. 

(h) Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of
any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance
of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries. 

(i) Addition of an Issuing Bank. A Revolving Lender may become an additional Issuing Bank hereunder pursuant to a written agreement
between the Borrower and such Revolving Lender and with the consent of the Administrative Agent (not to be unreasonably withheld or delayed). The Administrative Agent shall notify the Revolving Lenders of any such additional Issuing Bank. 

SECTION 2.06 Termination and Reduction of Commitments. 

(a) Unless previously terminated, the Revolving Commitments and the Swingline Commitment shall terminate on the Maturity Date. 

(b) The Borrower may at any time terminate, or from time to time reduce, the Commitments of any Class; provided that (i) each
reduction of the Commitments of any Class shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 or if less, the entire remaining amount and (ii) the Borrower shall not terminate or reduce the Revolving
Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.09, the aggregate Revolving Exposures (excluding, in the case of any termination of the Revolving Commitments, the portion of
the Revolving Exposures attributable to outstanding Letters of Credit if and to the extent that the Borrower has made arrangements satisfactory to the Administrative Agent and the Issuing Bank with respect to such Letters of Credit and the Issuing
Bank has released the Revolving Lenders from their participation obligations with respect to such Letters of Credit) would exceed the aggregate Revolving Commitments. 

(c) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this
Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any such notice, the Administrative Agent shall advise the
Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments of any Class delivered by the Borrower may state that such notice
is conditioned upon the effectiveness of other credit facilities or the receipt of proceeds from the issuance of other Indebtedness, in which case such notice may be revoked by the 

  
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Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments of any Class shall
be permanent. Each reduction of the Commitments of any Class shall be made ratably among the Lenders in accordance with their respective Commitments of such Class. 

SECTION 2.07 Repayment of Loans; Evidence of Debt. 

(a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the then unpaid
principal amount of each Revolving Loan of such Lender on the Maturity Date in the currency in which such Revolving Loan is denominated and (ii) to the Administrative Agent for the account of the Swingline Lenders in Dollars the then unpaid
principal amount of each Swingline Loan on the Maturity Date. 
 (b) Each Lender shall maintain in accordance with its usual practice an
account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 

(c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the currency,
Class and Type thereof and the Interest Period, if any, applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any
sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 
 (d) Absent
manifest error, the entries made in the accounts maintained pursuant to paragraph (b) or (c) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that
the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans and pay interest thereon in accordance with the terms of this
Agreement. 
 (e) Any Lender may request that Loans of any Class made by it be evidenced by a promissory note. In such event, the Borrower
shall prepare, execute and deliver to such Lender a promissory note payable to such Lender and its registered assigns and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon
shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to such payee and its registered assigns. 

SECTION 2.08 [Reserved]. 

SECTION 2.09 Prepayment of Loans. 

(a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to the
requirements of this Section. 
 (b) In the event and on such occasion that: 

(i) the aggregate Revolving Exposures exceed 100% of the aggregate Revolving Commitments, the Borrower shall immediately prepay
Revolving Loans or Swingline Loans (or, if no such Borrowings are outstanding, Cash Collateralize Letters of Credit pursuant to Section 2.05(e)) in an aggregate amount equal to the amount by which the Revolving Exposures exceed the aggregate
Revolving Commitments; and 

  
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 (ii) the aggregate amount of Revolving Loans, Swingline Loans and Letters of
Credit denominated in an Alternative Currency exceeds 105% of the Alternative Currency Sublimit, the Borrower shall prepay, within three Business Days of such occurrence, such Revolving Loans or Swingline Loans (or, if no such Borrowings are
outstanding, Cash Collateralize such Letters of Credit pursuant to Section 2.05(e)) in an aggregate amount equal to the amount by which the aggregate amount of Revolving Loans, Swingline Loans and Letters of Credit denominated in an Alternative
Currency exceeds the Alternative Currency Sublimit. 
 (c) In connection with any optional prepayment pursuant to Section 2.09(a), the
Borrower shall notify the Administrative Agent by telephone (confirmed by any approved form of electronic communication or otherwise in writing) of any prepayment hereunder (i) in the case of prepayment of a Eurocurrency Borrowing denominated
in Dollars, not later than 12:00 p.m., New York City time, three Business Days before the date of prepayment, (ii) in the case of prepayment of a Eurocurrency Borrowing denominated in an Alternative Currency, not later than 12:00 p.m., New York
City time, four Business Days before the date of prepayment, (iii) in the case of prepayment of an ABR Borrowing, not later than 12:00 p.m., New York City time, one Business Day before the date of prepayment or (iv) in the case of
prepayment of a Swingline Loan, not later than 1:00 p.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date, the principal amount of each Borrowing or Borrowings or portion
thereof to be prepaid; provided that a notice of optional prepayment may state that such notice is conditional upon the effectiveness of other credit facilities or the receipt of the proceeds from the issuance of other Indebtedness, in which
case such notice of prepayment may be revoked by the Borrower (by notice to the Administrative Agent on or prior to 12:00 noon New York City time, on the specified date) if such condition is not satisfied; provided further that each such
notice must be in a form reasonably acceptable to the Administrative Agent. Promptly following receipt of any such notice (other than a notice relating solely to Swingline Loans), the Administrative Agent shall advise the Lenders of the contents
thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.03(a), except as necessary to apply fully the required amount of
a mandatory prepayment. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.11, except in the case of
partial prepayment of ABR Loans, which interest shall be payable on the next scheduled interest payment date. 
 SECTION 2.10 Fees.

 (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a facility fee in Dollars, which
shall accrue at the Applicable Rate on the actual daily amount of the Revolving Commitment of such Lender during the period from and including the Closing Date to but excluding the date on which the Revolving Commitments terminate (and following the
termination of the Revolving Commitments, such fee shall be payable on the Revolving Exposure of each Revolving Lender until such Revolving Exposure is reduced to zero); provided that no such fee shall accrue on the Revolving Commitment of
any Defaulting Lender during any period that it is a Defaulting Lender. Accrued facility fees shall be payable in arrears on the third Business Day following the last day of March, June, September and December of each year (accruing through the last
day of each month) and on the date on which the Revolving Commitments terminate, commencing on the first such date to occur after the Closing Date. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the
actual number of days elapsed (including the first day but excluding the last day). 
 (b) The Borrower agrees to pay (i) to the
Administrative Agent for the account of each Revolving Lender a participation fee in Dollars with respect to its participations in Letters of Credit, which shall accrue at the same Applicable Rate used to determine the interest rate applicable to

  
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Eurocurrency Revolving Loans on the actual daily Outstanding Amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements or LC
Borrowings) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure; provided
that no such fee shall accrue on the LC Exposure of a Defaulting Lender during any period that it is a Defaulting Lender, and (ii) to the Issuing Bank a fronting fee in Dollars, which shall accrue at the rate per annum specified in the Fee
Letter (or such other rate agreed to from time to time between the Borrower and the Issuing Bank) on the actual daily amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements or LC Borrowings) during the
period from and including the Closing Date to but excluding the later of the date of termination of the Revolving Commitments and the date on which there ceases to be any LC Exposure, as well as the Issuing Bank’s standard fees with respect to
the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees accrued pursuant to this Section 2.10(b) through and including the last day of March, June,
September and December of each year shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the Closing Date; provided that all such fees shall be payable on the date on which the
Revolving Commitments terminate and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. Any other fees payable to the Issuing Bank pursuant to this paragraph shall be payable within 10
Business Days after demand. All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 

(c) The Borrower agrees to pay on the Closing Date to each Lender party to this Agreement on the Closing Date, as fee compensation for the
making of such Lender’s Revolving Commitment, an upfront fee (the “Closing Fee”) in amounts referred to in the Fee Letter on the Closing Date. Such Closing Fee will be in all respects fully earned, due and payable on the
Closing Date and non-refundable and non-creditable thereafter. 
 (d) The Borrower agrees to pay to the Administrative Agent, for its own
account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent. 
 (e) All
fees payable hereunder shall be paid on the dates due, in immediately available funds in the currency specified herein (or, if no currency is specified, in Dollars), to the Administrative Agent (or to the Issuing Bank, in the case of fees payable to
it) for distribution, in the case of commitment fees and participation fees, to the Lenders entitled thereto. Fees paid shall not be refundable under any circumstances, absent manifest error. 

SECTION 2.11 Interest. 

(a) The Loans comprising each ABR Borrowing (including each Swingline Loan) shall bear interest at the Base Rate for Borrowings of such Class
plus the Applicable Rate. In addition, if at any time any Loans are maintained as ABR Loans, the Borrower agrees that within 10 Business Days after receiving any request from any Non-ABR Lender (but not more frequently than quarterly for any
Lender), the Borrower will pay such Non-ABR Lender the ABR Gross-Up Amount with respect to the ABR Loans of such Non-ABR Lender. 
 (b) The
Loans comprising each Eurocurrency Borrowing shall bear interest at the applicable Eurocurrency Rate for Borrowings of such Class for the Interest Period in effect for such Borrowing plus the Applicable Rate. 

  
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 (c) Notwithstanding the foregoing, (i) if any amount (other than principal of any Loan)
payable by the Borrower hereunder (including any LC Disbursement or LC Borrowing) is not paid when due, whether at stated maturity, upon acceleration or otherwise, such amount shall bear interest, after as well as before judgment, at a rate per
annum equal to 2.00% plus the rate applicable to ABR Revolving Loans as provided in paragraph (a) of this Section, (ii) if any principal of any Loan payable by the Borrower hereunder is not paid when due, whether at stated maturity,
upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to 2.00% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section,
and (iii) upon the request of the Required Lenders, while any Event of Default exists, the Borrower shall pay interest on the principal amount of all outstanding Obligations hereunder at a rate per annum equal to 2.00% plus the rate otherwise
applicable to such Loan as provided in the preceding paragraphs of this Section. 
 (d) Accrued interest on each Loan shall be payable in
arrears on each Interest Payment Date for such Loan and, in the case of Revolving Loans, upon termination of the Revolving Commitments; provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on
demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving Loan or a Swingline Loan prior to the end of the Revolving Availability Period), accrued interest on the principal amount repaid
or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurocurrency Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable
on the effective date of such conversion. 
 (e) All computations of interest for ABR Loans shall be made on the basis of a year of 365 or
366 days, as the case may be, and actual days elapsed (including ABR Loans determined by reference to the Eurocurrency Rate). All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which
results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year), or, in the case of interest in respect of Revolving Loans denominated in Alternative Currencies as to which market practice differs from
the foregoing, in accordance with such market practice. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid;
provided that any Loan that is repaid on the same day on which it is made shall, bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes,
absent manifest error. 
 SECTION 2.12 Alternate Rate of Interest. 

(a) If prior to the commencement of any Interest Period for a Eurocurrency Borrowing: 

(i) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and
reasonable means do not exist for ascertaining the Eurocurrency Rate for any currency for such Interest Period; or 
 (ii)
the Administrative Agent is advised by the Required Lenders that the Eurocurrency Rate for any currency for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such
Borrowing for such Interest Period; 
 then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or any approved
form of electronic communication as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (1) any request pursuant to
Section 2.03(a) that requests the conversion of any 

  
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Borrowing to, or continuation of any Borrowing as, a Eurocurrency Borrowing in the affected currency shall be ineffective and (2) if any Borrowing Request requests a Eurocurrency Borrowing,
the interest rate applicable to such Borrowing shall be (I) for a Borrowing of ABR Loans in the amount specified therein, in the case of Loans denominated in Dollars, or (II) for a Borrowing of a Loan bearing interest at the Cost of Funds Rate
plus the Applicable Margin with respect to Eurocurrency Rate Loans, in the case of any other Loan. 
 (b) If any event described in the
first sentence of Section 2.12(a) occurs and results in the application of the Cost of Funds Rate, then at the request of the Administrative Agent or the Borrower, the Administrative Agent and the Borrower shall enter into good faith
negotiations for a period of no more than 30 days for the purpose of agreeing to a substitute basis for determining the rate of interest to be applied to the applicable Borrowing (and, to the extent required, any future Borrowings). Any substitute
basis agreed upon shall be, with the consent of all Lenders with respect to the applicable Facility, binding on all of the parties to this Agreement. 

SECTION 2.13 Increased Costs. 

(a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against assets of, deposits with or for the account of, or credit extended by, any Lender or the Issuing Bank (except any such reserve requirement contemplated by Section 2.13(e) other than as set forth below); 

(ii) impose on any Lender or the Issuing Bank or the London interbank market any other condition, cost or expense affecting
this Agreement or Eurocurrency Loans made by such Lender or any Letter of Credit or participation therein; or 
 (iii)
subject any Lender or the Issuing Bank to any Tax of any kind whatsoever with respect to any Loan Document, or any Loan made by it or any Letter of Credit or participation therein, except for (X) Indemnified Taxes or Other Taxes indemnified
under Section 2.15, (Y) any penalties not indemnified under the first sentence of Section 2.15(c) and (Z) any Excluded Taxes; 
 and the
result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Eurocurrency Loan (or, in the case of clause (iii), any Loan), or of maintaining its obligation to make any such Loan, or to increase the cost
to such Lender or the Issuing Bank of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or the Issuing Bank hereunder (whether of principal, interest or otherwise),
then the Borrower will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered.

 (b) If any Lender or the Issuing Bank determines that any Change in Law regarding capital requirements has or would have the effect of
reducing the rate of return on such Lender’s or the Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or
participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the Issuing Bank, to a level below that which such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company could have
achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Bank’s policies and the policies of such Lender’s or the Issuing Bank’s holding company with respect to capital adequacy), then from time
to 

  
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time the Borrower will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank or such Lender’s or
the Issuing Bank’s holding company for any such reduction suffered. 
 (c) A certificate of a Lender or the Issuing Bank setting forth
in reasonable detail the basis for and the calculation of the amount or amounts necessary to compensate such Lender or the Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this
Section 2.13 shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 Business Days
after receipt thereof. 
 (d) Failure or delay on the part of any Lender or the Issuing Bank to demand compensation pursuant to this Section
shall not constitute a waiver of such Lender’s or the Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender or the Issuing Bank pursuant to this Section for any
increased costs or reductions incurred more than 180 days prior to the date that such Lender or the Issuing Bank, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such
Lender’s or the Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to above
shall be extended to include the period of retroactive effect thereof. 
 (e) The Borrower shall pay to each Lender, (i) as long as
such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid
principal amount of each Eurocurrency Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), and (ii) as long as such
Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Eurocurrency
Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender
in good faith, which determination shall be conclusive), which in each case shall be due and payable on each date or which interest is payable on such Loan; provided the Borrower shall have received at least 10 Business Days’ prior
notice (with a copy to the Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails to give notice 10 Business Days prior to the relevant Interest Payment Date, such additional interest or costs shall be due and
payable 10 Business Days from receipt of such notice. 
 SECTION 2.14 Break Funding Payments. In the event of (a) the payment or
prepayment of any principal of any Eurocurrency Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurocurrency Loan other than on the last day of
the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Eurocurrency Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under
Section 2.09(c) and is revoked in accordance therewith) or (d) the assignment of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to
Section 2.17 or Section 9.02(b), then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense attributable to such event (excluding loss of anticipated profits). Such loss, cost or expense to any Lender
shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest that would have accrued on the principal amount of such Loan had such event not occurred, at the Eurocurrency Rate that would
have been applicable to such Loan (excluding the Applicable Rate), for the 

  
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period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been
the Interest Period for such Loan), over (ii) the amount of interest that would accrue on such principal amount for such period at the interest rate that such Lender would bid were it to bid, at the commencement of such period, for deposits in
the applicable currency of a comparable amount and period from other banks in the Eurocurrency market. A certificate of any Lender setting forth in reasonable detail any amount or amounts that such Lender is entitled to receive pursuant to this
Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 Business Days after receipt thereof. 

SECTION 2.15 Taxes. 
 (a)
Any and all payments by or on account of any obligation of the Borrower under any Loan Document shall be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if any applicable withholding agent
shall be required to deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable by the Borrower shall be increased as necessary so that after all such required deductions have been made (including such deductions
applicable to additional sums payable under this Section 2.15) the Administrative Agent, Lender or Issuing Bank (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the
applicable withholding agent shall make such deductions, and (iii) the applicable withholding agent shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. 

(b) Without limiting the provisions of paragraph (a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law. 
 (c) The Borrower shall indemnify and hold harmless the Administrative Agent, each Lender and
the Issuing Bank, within 10 Business Days after written demand therefor, for the full amount of any Indemnified Taxes imposed on or with respect to any payment by or on account of the Borrower under any Loan Document, and any Other Taxes, payable by
the Administrative Agent, such Lender or the Issuing Bank (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 2.15) and any reasonable expenses arising therefrom or with
respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority, except for any penalties to the extent determined by a final judgment of a court of competent
jurisdiction to have resulted from the gross negligence or willful misconduct of such Administrative Agent, Lender or Issuing Bank. The written demand shall be made in a certificate setting forth the amount of such Indemnified Taxes or Other Taxes
and, in reasonable detail, the calculation and basis for such Indemnified Taxes or Other Taxes. 
 (d) As soon as practicable after any
payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt, if available, issued by such Governmental Authority
evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(e) (i) Each Lender that is a United States person as defined in Section 7701(a)(30) of the Code shall deliver to the Borrower and the
Administrative Agent on or before the date on which it becomes a party to this Agreement two duly completed and signed original copies of Internal Revenue Service Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding.

  
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 (ii) Each Lender that is a Foreign Lender shall deliver to the Borrower and the Administrative
Agent on or before the date on which it becomes a party to this Agreement (and from time to time thereafter upon the request of the Borrower or the Administrative Agent) whichever of the following is applicable: 

(A) two duly completed signed original copies of Internal Revenue Service Form W-8BEN-E claiming eligibility for the
benefits of an income tax treaty to which the United States is a party, 
 (B) two duly completed signed original copies of
Internal Revenue Service Form W-8ECI, 
 (C) in the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under Section 881(c) of the Code, (A) two duly completed signed original certificates substantially in the form of Exhibit C (any such certificate a “United States Tax Compliance Certificate”) and
(B) two duly completed signed original copies of Internal Revenue Service Form W-8BEN-E, or 
 (D) to the extent a
Foreign Lender is not the beneficial owner (for example, where the Foreign Lender is a partnership, or is a Participant holding a participation granted by a participating Lender), two duly completed signed original copies of Internal Revenue Service
Form W-8IMY, accompanied by a Form W-8ECI, W-8BEN, W-8BEN-E, United States Tax Compliance Certificate, Form W-9 or any other information from each beneficial owner that would be required under this Section 2.15(e) if such beneficial owner were
a Lender, as applicable; provided that if the Foreign Lender is a partnership (and not a participating Lender) and one or more beneficial owners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may
provide a U.S. Tax Compliance Certificate on behalf of each such beneficial owner. 
 (iii) Without limitation of its obligations under
paragraphs (i) or (ii), each Lender shall, at such time as reasonably requested by the Borrower or the Administrative Agent, provide the Borrower and the Administrative Agent with any other documentation prescribed by applicable law or
reasonably requested by the Borrower or the Administrative Agent, properly completed and executed, as will permit payments made to such Lender under the Loan Documents to be made without or at a reduced rate of withholding tax. 

(iv) Each Lender shall deliver to the Borrower and the Administrative Agent two further signed original copies of any previously delivered
form or certification (or any applicable successor form) on or before the date that any such form or certification expires or becomes obsolete or inaccurate and promptly after the occurrence of any event requiring a change in the most recent form
previously delivered by it to the Borrower or the Administrative Agent, or promptly notify the Borrower and the Administrative Agent in writing that it is unable to do so. Each Lender shall promptly notify the Borrower and the Administrative Agent
in writing at any time it determines that it is no longer in a position to provide any previously delivered form or certification to the Borrower or the Administrative Agent. 

(v) Notwithstanding any other provision of this paragraph (e), a Lender shall not be required to deliver any form that such Lender is not
legally eligible to deliver. 
  

  
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 (vi) The Administrative Agent in its capacity as such shall, to the extent it is legally eligible
to do so, from time to time deliver to the Borrower a properly executed copy of Internal Revenue Service Form W-8IMY or W-9, as applicable. 

(vii) If a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by Sections 1471 through
1474 of the Code if such Lender were to fail to comply with the applicable reporting requirements of those sections (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower
and the Administrative Agent, at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent, such documentation prescribed by applicable law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under
Sections 1471 through 1474 of the Code, to determine whether such Lender has complied with such Lender’s obligations under such Sections and to determine the amount, if any, to deduct and withhold from such payment. 

(f) If the Administrative Agent, the Issuing Bank or a Lender determines, in its reasonable discretion, that it has received a refund of any
Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section 2.15, it shall pay over such refund to the Borrower (but only to the
extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all reasonable expenses (including any Taxes) of the
Administrative Agent, the Issuing Bank or such Lender and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that the Borrower, upon the request of the Administrative
Agent, the Issuing Bank or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, the Issuing Bank or such Lender
in the event the Administrative Agent, the Issuing Bank or such Lender is required to repay such refund to such Governmental Authority. This Section shall not be construed to require the Administrative Agent, the Issuing Bank or any Lender to make
available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person. 

(g) The Administrative Agent and each Lender shall use commercially reasonable efforts to cooperate with the Borrower in attempting to recover
any Indemnified Taxes and Other Taxes that the Borrower reasonably asserts were improperly imposed if (i) in the reasonable judgment of the Administrative Agent or such Lender, as applicable, such cooperation would not subject the
Administrative Agent or such Lender, as applicable, to any unreimbursed cost or expense or otherwise be materially disadvantageous to the Administrative Agent or such Lender, as applicable, and (ii) based on written advice of the
Borrower’s independent accountants or external legal counsel delivered to such Administrative Agent or Lender, there is a reasonable basis for the Borrower to contest with the applicable Governmental Authority the imposition of such Indemnified
Taxes or Other Taxes; provided, however, that any such attempts shall be at the sole cost of the Borrower and the Borrower shall indemnify the Administrative Agent and each Lender for any costs it incurs in connection with complying
with this subsection 2.15(g). In such event, the applicable Administrative Agent or Lender shall only be required to pursue the applicable refund in a commercially reasonable manner, and at the Borrower’s sole cost and expense. In no event will
this Section 2.15(g) relieve the Borrower of its obligation to pay any additional amounts or indemnification payments to the Administrative Agent or any Lender under this Section 2.15. Any refund obtained shall be repaid to the Borrower to
the extent provided in Section 2.15(f). 
 SECTION 2.16 Payments Generally; Pro Rata Treatment; Sharing of Setoffs. 

  
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 (a) The Borrower shall make each payment required to be made by it under any Loan Document
(whether of principal, interest, fees or reimbursement of LC Borrowings or LC Disbursements, or of amounts payable under Section 2.13, 2.14 or 2.15, or otherwise) prior to the time expressly required hereunder or under such other Loan Document
for such payment (or, if no such time is expressly required, prior to 3:00 p.m., New York City time), on the date when due, in immediately available funds, without setoff or counterclaim. Any amounts received after such time on any date may, in the
discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at the Administrative Agent’s
Office, except payments to be made directly to the Issuing Bank or Swingline Lenders as expressly provided herein and except that payments pursuant to Sections 2.13, 2.14, 2.15 and 9.03 shall be made directly to the Persons entitled thereto and
payments pursuant to other Loan Documents shall be made to the Persons specified therein. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following
receipt thereof. If any payment under any Loan Document shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon
shall be payable for the period of such extension. Except as otherwise expressly provided herein and except with respect to principal of and interest on Loans denominated in an Alternative Currency, all payments by the Borrower hereunder shall be
made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in Dollars and in Same Day Funds. Except as otherwise expressly provided herein, all
payments by the Borrower hereunder with respect to principal and interest on Loans denominated in an Alternative Currency shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the
applicable Administrative Agent’s Office in such Alternative Currency and in Same Day Funds. If, for any reason, the Borrower is prohibited by any Requirement of Law from making any required payment hereunder in an Alternative Currency, the
Borrower shall make such payment in Dollars in the Dollar Equivalent of the Alternative Currency payment amount. The Administrative Agent will promptly distribute to each Lender its pro rata (or other applicable share as provided herein) of such
payment in like funds as received by wire transfer to such Lender’s lending office. 
 (b) Subject to Section 2.16(e), if at any
time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Borrowings and LC Disbursements, interest and fees then due hereunder, such funds shall be applied
(i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and
unreimbursed LC Borrowings and LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Borrowings and LC Disbursements then due to such parties. 

(c) Subject to Section 2.16(e), if any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in
respect of any principal of or interest on any of its Revolving Loans, LC Advances or participations in Swingline Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Revolving Loans, LC Advances
and participations in Swingline Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Revolving Loans and
participations in LC Disbursements and Swingline Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued
interest on their respective Revolving Loans and participations in LC Disbursements and Swingline Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered,
such participations shall be rescinded and the purchase price restored to the extent of such 

  
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recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms
of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements to any assignee or participant, other than to the Borrower or any
Subsidiary or other Affiliate thereof (as to which the provisions of this paragraph shall apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a
participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such
participation. 
 (d) Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is
due to the Administrative Agent for the account of the Lenders or the Issuing Bank hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance
herewith and may, in reliance upon such assumption and in its sole discretion, distribute to the Lenders or the Issuing Bank, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the
Lenders or the Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date such
amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the Overnight Rate. 
 (e) If any Lender
shall fail to make any payment required to be made by it pursuant to Section 2.04(c), 2.05(c), 2.03(b) or (g), 2.16(d) or 9.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any
amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 

SECTION 2.17 Mitigation Obligations; Replacement of Lenders. 

(a) If any Lender requests compensation under Section 2.13, or if the Borrower is required to pay any additional amount to any Lender or
any Governmental Authority for the account of any Lender pursuant to Section 2.15, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and
obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.13 or 2.15, as the case may be,
in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not be inconsistent with its internal policies or otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable
costs and expenses incurred by any Lender in connection with any such designation or assignment. 
 (b) If any Lender requests compensation
under Section 2.13, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.15, or if any Lender becomes a Defaulting Lender, then the
Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04),
all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Borrower shall have
received the prior written consent of the Administrative Agent (and, if a Revolving Commitment is being assigned, the Issuing Bank and Swingline Lenders), which consent shall not unreasonably be withheld, (ii) such Lender shall have received
payment of an amount equal to the outstanding principal of its Loans, LC Advances and Swingline Loans, accrued interest 

  
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thereon, accrued fees and all other amounts payable to it hereunder from the assignee or the Borrower, (iii) the Borrower or such assignee shall have paid to the Administrative Agent the
processing and recordation fee specified in Section 9.04(b) and (iv) in the case of any such assignment resulting from a claim for compensation under Section 2.13 or payments required to be made pursuant to Section 2.15, such
assignment will result in a material reduction in such compensation or payments. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise (including as a result
of any action taken by such Lender under paragraph (a) above), the circumstances entitling the Borrower to require such assignment and delegation cease to apply. Additionally, at any time that a Lender is a Defaulting Lender, the Borrower may
elect to terminate the Commitment of such Lender so long as any resulting change in the Revolving Exposures as a result of such termination would not cause the Revolving Exposure of any Revolving Lender to exceed the Revolving Commitment of such
Revolving Lender except in the case of any Revolving Loans of such Defaulting Lender that are then outstanding (in which case, the Borrower may only terminate the unused portion of such Defaulting Lender’s Revolving Commitment; provided
that upon any prepayment of Revolving Loans by the Borrower following any such termination, the outstanding Revolving Loans of such Defaulting Lender shall be prepaid as if its Revolving Commitment was as in effect at the time such Defaulting Lender
became a Defaulting Lender). 
 SECTION 2.18 Incremental Revolving Commitments. 

(a) At any time and from time to time prior to the Maturity Date, subject to the terms and conditions set forth herein, the Borrower may, by
notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders), request to increase the existing Revolving Commitments (“Incremental Revolving Commitments”);
provided that at the time of each such request and upon the effectiveness of each Incremental Facility Amendment, (A) no Default has occurred and is continuing or shall result therefrom, (B) the Borrower shall be in compliance on a
Pro Forma Basis with the covenant contained in Section 6.09 recomputed as of the last day of the most recent fiscal quarter for which financial statements have been or were required to be delivered pursuant to paragraph (a) or (b) of
Section 5.01, and (C) the Borrower shall have delivered a certificate of a Financial Officer to the effect set forth in clauses (A) and (B) above, together with all calculations relevant thereto, including reasonably detailed
calculations demonstrating compliance with clause (B) above. Notwithstanding anything to the contrary herein, the aggregate principal amount of the Incremental Revolving Commitments shall not exceed $500,000,000. Each exercise of the
Borrower’s right to seek Incremental Revolving Commitments shall be in an integral multiple of $1,000,000 and be in an aggregate principal amount that is not less than $25,000,000. 

(b) Each notice from the Borrower pursuant to this Section shall set forth the requested amount and proposed terms of the relevant Incremental
Revolving Commitments. Any additional bank, financial institution, existing Lender or other Person that elects to extend Incremental Revolving Commitments (any such bank, financial institution, existing Lender or other Person being called an
“Additional Lender”) shall be reasonably satisfactory to the Borrower and the Administrative Agent and, if not already a Lender, shall become a Lender under this Agreement pursuant to an amendment (an “Incremental Facility
Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, such Additional Lender and the Administrative Agent. No Lender shall be obligated to provide any Incremental Revolving Commitment unless,
in its sole discretion, it so agrees. An Incremental Facility Amendment may, without the consent of any other Lenders, effect such amendments to any Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to
effect the provisions of this Section (including to provide for voting provisions applicable to the Additional Lenders comparable to the provisions of clause (B) of the second proviso of Section 9.02(b)). The effectiveness of any
Incremental Facility Amendment shall, unless otherwise agreed to by the Administrative Agent and the Additional Lenders, be subject to the satisfaction on the 

  
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date thereof (each, an “Incremental Facility Closing Date”) of each of the conditions set forth in Section 4.02 (it being understood that all references to “the date of
such Borrowing” in Section 4.02 shall be deemed to refer to the Incremental Facility Closing Date). The Administrative Agent shall receive not less than 10 Business Days’ advance notice (or shorter, if agreed by the Administrative
Agent) prior to any proposed Incremental Facility Closing Date. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants to the Lenders that: 

SECTION 3.01 Organization; Powers. Each of the Borrower and its Material Subsidiaries (a) is duly organized, validly existing and
(where such concept exists) in good standing (or its equivalent, if any) under the laws of the jurisdiction of its organization except to the extent failure to do so (other than with respect to the Borrower) could not individually or in the
aggregate reasonably be expected to have a Material Adverse Effect, (b) has all requisite corporate power and authority to carry on its business as now conducted except where the failure to have the same could not individually or in the
aggregate reasonably be expected to have a Material Adverse Effect and (c) is qualified to do business in, and (where such concept exists) is in good standing (or its equivalent, if any) in, every jurisdiction where such qualification is
required except where the failure to be so qualified or to be (where such concept exists) in good standing (or its equivalent, if any) could not individually or in the aggregate reasonably be expected to result in a Material Adverse Effect. 

SECTION 3.02 Authorization; Enforceability. 

(a) The Transactions to be entered into and the execution and delivery of this Agreement and each other Loan Document to which it is a party
by the Borrower are within the Borrower’s corporate powers and have been or will by the time required be duly authorized by all necessary corporate or other action. 

(b) This Agreement has been duly executed and delivered by the Borrower and constitutes, and each other Loan Document to which the Borrower is
to be a party, when executed and delivered by the Borrower, will constitute, a legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or
other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

SECTION 3.03 Governmental Approvals; No Conflicts. The Transactions and the execution and delivery of this Agreement by the Borrower
(a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been, or will be by the time required, obtained or made and are, or will be by the time
required, in full force and effect, (b) will not violate the Organizational Documents of the Borrower, (c) will not violate any Requirement of Law applicable to the Borrower, (d) will not violate or result in a default under any
indenture, agreement or other instrument binding upon the Borrower or any Subsidiary or their respective assets, or give rise to a right thereunder to require any payment to be made by the Borrower or any Subsidiary or give rise to a right of, or
result in, termination, cancellation or acceleration of any obligation thereunder, and (e) will not result in the creation or imposition of any Lien on any asset of the Borrower or any Subsidiary, except Liens permitted by Section 6.02,
except, in the case of clauses (c) and (d), for any such violations, defaults or rights that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

  
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 SECTION 3.04 Financial Condition; No Material Adverse Change. 

(a) The Borrower has heretofore furnished to the Lenders or publicly filed (i) its consolidated balance sheet as of the end of the fiscal
years ended December 31, 2012 and 2013 and consolidated statements of income, stockholders’ equity and cash flows for the fiscal years ended December 31, 2011, December 31, 2012 and December 31, 2013, in each case
reported on by Ernst & Young LLP, independent public accountants for the Borrower, and (ii) its consolidated balance sheet as of September 30, 2014 and consolidated statements of income and cash flows for the portion of the fiscal
year ended September 30, 2014 (and comparable periods for (or, in the case of the balance sheet, as of the end of) the prior fiscal year), certified by its chief financial officer. Such financial statements present fairly, in all material
respects, the financial position and results of operations and cash flows of the Borrower and its consolidated subsidiaries as of such dates and for such periods in accordance with GAAP consistently applied, subject in the case of clause
(ii) to normal year-end audit adjustments and the absence of footnotes. 
 (b) No event, change or condition has occurred that has had,
or could reasonably be expected to have, a Material Adverse Effect since December 31, 2013. 
 SECTION 3.05 Properties. Except
as could not reasonably be expected to result in a Material Adverse Effect: 
 (a) each of the Borrower and the Subsidiaries
has good title to, or valid leasehold interests in, all its real and personal property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or as proposed
to be conducted or to utilize such properties for their intended purposes; and 
 (b) the Borrower and the Subsidiaries own,
or are licensed to use, all trademarks, trade names, copyrights, patents and other intellectual property material to the business of the Borrower and the Subsidiaries, taken as a whole, and the use thereof by the Borrower or such Subsidiary, as
applicable, does not infringe upon the rights of any other Person. 
 SECTION 3.06 Litigation and Environmental Matters. 

(a) There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of
the Borrower, threatened against the Borrower or any Subsidiary that could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect (other than the Disclosed Matters). 

(b) Except for the Disclosed Matters and except with respect to any other matters that, individually or in the aggregate, could not reasonably
be expected to result in a Material Adverse Effect, neither the Borrower nor any Subsidiary (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any
Environmental Law, (ii) has become subject to any Environmental Liability, or (iii) has received notice of any claim with respect to any Environmental Liability. 

(c) Since the date of this Agreement, there has been no change in the status of the Disclosed Matters that, individually or in the aggregate,
has resulted in a Material Adverse Effect. 
 SECTION 3.07 Compliance with Laws and Agreements. The Borrower is in compliance with
its Organizational Documents. Each of the Borrower and the Subsidiaries is in compliance with (a) all Requirements of Law applicable to it or its property and (b) all indentures, agreements and other 

  
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instruments binding upon it or its property, except, in the case of clauses (a) and (b) of this sentence, where the failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.08 Investment Company Status. None of the Borrower or any
Subsidiary is an “investment company” as defined in, or subject to regulation as an “investment company” under, the Investment Company Act of 1940. 

SECTION 3.09 Taxes. Except (a) for failures that would not individually or in the aggregate reasonably be expected to result in a
Material Adverse Effect and (b) with respect to Taxes that are being contested in good faith by appropriate proceedings and adequate reserves for such Taxes have been provided on the books of the Borrower or its Subsidiaries in accordance with
GAAP, the Borrower and each of its Subsidiaries has (i) timely filed or caused to be filed (taking into account valid extensions) all Tax returns and reports required to have been filed, and (ii) paid or caused to be paid all Taxes
required to have been paid by it (including any such Taxes in the capacity of a withholding agent). 
 SECTION 3.10 ERISA. No ERISA
Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The minimum
funding standards of ERISA and the Code with respect to each Plan have been satisfied except where a failure to meet such minimum funding standards could not reasonably be expected to have a Material Adverse Effect. There exists no Unfunded Pension
Liability with respect to any Plan, except as could not reasonably be expected to have a Material Adverse Effect. 
 SECTION 3.11
Disclosure. To the best of the Borrower’s knowledge, none of the reports, financial statements, certificates or any other information (other than information of a general economic or general industry nature) furnished in writing by or on
behalf of the Borrower to the Administrative Agent or any Lender in connection with the negotiation of any Loan Document or delivered thereunder (as modified or supplemented by other information so furnished and taken together as a whole) contains
any untrue statement of material fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading; provided that, with respect to any
such information consisting of projections, forecasts and other forward-looking statements with respect to the Borrower or any of its Subsidiaries (collectively, the “Projections”), the Borrower represents only that any such
Projections will be prepared based upon good faith assumptions believed by it to be reasonable at the time delivered (it being understood that such Projections are not to be viewed as facts, are subject to significant uncertainties and
contingencies, many of which are beyond the control of the Borrower and its Subsidiaries, that no guarantee or other assurance can be given that any Projections will be realized, and that actual results may differ from Projections and such
difference may be material). 
 SECTION 3.12 Subsidiaries. Schedule 3.12 sets forth the name of, and the ownership interest of
the Borrower and each Subsidiary in, each Subsidiary as of the Closing Date. 
 SECTION 3.13 Insurance. The Borrower believes that
the insurance maintained by or on behalf of the Borrower and its Material Subsidiaries complies with the requirements set forth in Section 5.06. 

SECTION 3.14 Labor Matters. As of the Closing Date, there are no strikes or lockouts or any other material labor disputes against the
Borrower or any Subsidiary pending or, to the knowledge of the Borrower, threatened. Except as could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, (a) the hours worked by and payments made
to employees of the 

  
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Borrower and the Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable Federal, state, local or foreign law dealing with such matters, and (b) all
payments due from the Borrower or any Subsidiary on account of wages and employee health and welfare insurance and other benefits, have been paid or accrued as a liability on the books of the Borrower or such Subsidiary. There is no organizing
activity involving the Borrower or any Subsidiary pending or, to the knowledge of the Borrower, threatened by any labor union or group of employees, except those that, in the aggregate, would not reasonably be expected to have a Material Adverse
Effect. There are no representation proceedings pending or, to the knowledge of the Borrower, threatened with the National Mediation Board, and no labor organization or group of employees of the Borrower or any Subsidiary has made a pending demand
for recognition, except those that, in the aggregate, would not reasonably be expected to have a Material Adverse Effect. There are no material complaints or charges against the Borrower or any Subsidiary pending or, to the knowledge of the
Borrower, threatened to be filed with any Governmental Authority or arbitrator based on, arising out of, in connection with, or otherwise relating to the employment or termination of employment by the Borrower or any Subsidiary of any individual,
except those that, in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 
 SECTION 3.15 Federal Reserve
Regulations. 
 (a) The Borrower is not engaged principally, or as one of its important activities, in the business of extending credit
for the purpose of buying or carrying Margin Stock. 
 (b) Taking into account all of the Transactions, no part of the proceeds of the Loans
will be used for any purpose that violates the provisions of the Regulations of the Board, including Regulation T, U or X. 
 SECTION 3.16
OFAC. Neither the Borrower, nor any of its Subsidiaries, nor, to the knowledge of the Borrower and its Subsidiaries, any director, officer, employee, agent, affiliate or representative thereof, is an individual or entity that is, or is owned
or controlled by any individual or entity that is (i) currently the subject of any Sanctions or (ii) located, organized or resident in a Designated Jurisdiction. 

SECTION 3.17 Anti-Corruption Laws and Patriot Act. The Borrower and its Subsidiaries have conducted their businesses in compliance in
all material respects with applicable Anti-Corruption Laws and the Patriot Act, as amended, and regulations thereunder, and have instituted and maintained policies and procedures reasonably designed to achieve compliance with such laws and
regulations. 
 ARTICLE IV 

CONDITIONS 
 SECTION 4.01
Conditions to the Closing Date. This Agreement and the obligations of the Lenders to make Loans and of the Issuing Bank to make LC Credit Extensions hereunder shall become effective on the first date when each of the following conditions is
satisfied (or waived in accordance with Section 9.02): 
 (a) The Administrative Agent shall have received the
following, each of which shall be originals, telecopies or electronic copies (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the Borrower, each dated a date on or prior to the Closing
Date and each in form and substance reasonably satisfactory to the Administrative Agent and the Arrangers: 

  
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 (i) executed counterparts of this Agreement from the Borrower; 

(ii) a promissory note executed by the Borrower in favor of each Lender requesting three Business Days in advance a promissory
note evidencing the Loan provided by such Lender; 
 (iii) such certificates of resolutions or other action, incumbency
certificates and/or other certificates of Responsible Officers of the Borrower as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible
Officer in connection with this Agreement and the other Loan Documents to which the Borrower is a party or is to be a party; 

(iv) a certificate of good standing for the Borrower from its jurisdiction of organization; 

(v) a certificate signed by the Chief Financial Officer of the Borrower certifying (A) as to the Debt Rating then in
effect and (B) that the conditions specified in Section 4.02(a) and (b) have been satisfied; 
 (vi) a
favorable opinion of Skadden, Arps, Slate, Meagher & Flom LLP, counsel to the Borrower, and the general counsel of the Borrower, addressed to the Administrative Agent and each Lender, in form and substance reasonably satisfactory to the
Administrative Agent; and 
 (vii) evidence that the Existing Credit Agreement has been, or concurrently with the Closing
Date is being, terminated and the loans outstanding thereunder have been, or concurrently with the Closing Date are being, repaid in full (the “Refinancing”). 

(b) All reasonable and documented out-of-pocket fees and expenses of the Administrative Agent and the Arrangers (including the
reasonable and documented fees and expenses of a single counsel for the Administrative Agent and the Arrangers) required to be paid on or before the Closing Date, in the case of expenses, to the extent invoiced at least two Business Days prior to
the Closing Date, shall have been paid. The Borrower shall have paid all items then due and payable under the Fee Letter and any other separate letter agreements with respect to fees payable on or prior to the Closing Date in connection with the
syndication of the Loans and Commitments. 
 (c) The Administrative Agent shall have received a Borrowing Request in
accordance with the requirements of Section 2.03 hereof. 
 SECTION 4.02 Each Credit Event. The obligation of each Lender to
make a Loan on the occasion of any Borrowing, and of the Issuing Bank to make any LC Credit Extension, is subject to receipt of the request therefor in accordance herewith and to the satisfaction of the following conditions: 

(a) the representations and warranties of the Borrower set forth in the Loan Documents shall be true and correct in all
material respects (other than, in the case of any Borrowing made following the Closing Date, the representations and warranties made in Sections 3.04(b) and 3.06(a) and, to the extent relating to litigation, Section 3.06(c)) on and as of the
date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as the case may be (except to the extent that any representation and warranty expressly relates to an earlier date, in which case such
representation and warranty shall have been true and correct in all material respects as of such earlier date). 

  
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 (b) at the time of and immediately after giving effect to such Borrowing or the
issuance, amendment, renewal or extension of such Letter of Credit, as the case may be, no Default shall have occurred and be continuing. 
 Each Borrowing
(provided that a conversion or a continuation of a Borrowing shall not constitute a “Borrowing” for purposes of this Section) and each LC Credit Extension shall be deemed to constitute a representation and warranty by the Borrower
on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section. 
 ARTICLE V 

AFFIRMATIVE COVENANTS 

Beginning on the Closing Date after giving effect to the Loans made on the Closing Date and continuing thereafter until the Commitments have
expired or been terminated and the principal of and interest on each Loan and all fees, expenses and other amounts payable under any Loan Document (other than contingent amounts not yet due) shall have been paid in full and all Letters of Credit
shall have expired, been terminated or been cash collateralized on terms reasonably acceptable to the Issuing Bank and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that: 

SECTION 5.01 Financial Statements and Other Information. The Borrower will furnish to the Administrative Agent on behalf of each
Lender: 
 (a) within 90 days (or, if earlier, as soon as filed with the SEC) after the end of each fiscal year of the
Borrower, commencing with the fiscal year ending December 31, 2014, its audited consolidated balance sheet and audited consolidated statements of income, changes in equity and cash flows as of the end of and for such year, and related notes
thereto, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by Ernst & Young LLP or other independent public accountants of recognized national standing (without a “going
concern” or like qualification or exception or any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results
of operations of the Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP consistently applied; 

(b) within 45 days (or, if earlier, as soon as filed with the SEC) after the end of each of the first three fiscal quarters of
each fiscal year of the Borrower, commencing with the fiscal quarter ending March 31, 2015, its unaudited consolidated balance sheet as of the end of such fiscal quarter, unaudited consolidated statement of income as of the end of and for such
fiscal quarter and the then elapsed portion of the fiscal year and unaudited statement of cash flows as of the end of the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding
period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by a Financial Officer as presenting fairly in all material respects the financial condition and results of operations of the
Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes; 

  
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 (c) concurrently with any delivery of financial statements under paragraph
(a) or (b) above, a certificate of a Financial Officer (i) stating that, except as set forth in such certificate, such Financial Officer has no knowledge of any Default existing as of such date and, if a Default does exist, specifying
the details thereof and any action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed calculations (including the amounts representing each clause set forth in the definition of “Consolidated
EBITDA”) demonstrating compliance with the covenants contained in Sections 6.08 and 6.09 and (iii) to the extent that any change in GAAP or application thereof has a material impact on such financial statements, stating whether any change
in GAAP or in the application thereof has occurred since the date of the Borrower’s audited financial statements referred to in Section 3.04 and, if any such change has occurred, specifying the effect of such change on the financial
statements accompanying such certificate; 
 (d) promptly after the same become publicly available, copies of all periodic
reports, proxy statements and other material filings (as reasonably determined by the Borrower) filed by the Borrower or any Subsidiary with the SEC or with any national securities exchange, or distributed by the Borrower to the holders of its
Equity Interests generally; and 
 (e) promptly following any request therefor, such other information regarding the
operations, business affairs and financial condition of the Borrower or any Subsidiary, or compliance with the terms of any Loan Document, as the Administrative Agent, any Arrangers or any Lenders may reasonably request. 

Information required to be delivered pursuant to clauses (a), (b) and (d) shall be deemed to have been delivered on the date on which the Borrower
provides notice to the Administrative Agent and the Lenders that such information has been posted on the Borrower’s website on the Internet at http://ir.nasdaqomx.com/sec.cfm, at www.sec.gov/edgar/searchedgar/webusers.htm or at another website
identified in such notice and accessible by the Lenders without charge; provided that (i) such notice may be included in a certificate delivered pursuant to clause (c) and (ii) the Borrower shall deliver paper copies of the
information required to be delivered pursuant to clauses (a), (b) and (d) to any Lender that requests such delivery. 
 The
Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers will make available to the Lenders and the Issuing Bank materials and/or information provided by or on behalf of the Borrower hereunder (collectively,
“Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the “Platform”) and (b) certain of the Lenders may be “public-side” Lenders (i.e.,
Lenders that do not wish to receive material non-public information with respect to the Borrower, its Affiliates or their respective securities) (each, a “Public Lender”). The Borrower hereby agrees that it will use commercially
reasonable efforts to identify that portion of the Borrower Materials, if any, that may be distributed to the Public Lenders (it being understood and agreed that, unless otherwise agreed by the Borrower in writing, the Borrower shall be under no
obligation to provide Borrower Materials suitable for distribution to any Public Lender) and that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC,” which, at a minimum, shall mean that the word
“PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers, the Issuing Bank and the
Lenders to treat such Borrower Materials as not containing any material non-public information (although it may be sensitive and proprietary) with respect to the Borrower or its securities for purposes of United States Federal and state securities
laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 9.12); (y) all Borrower Materials marked “PUBLIC” by the Borrower are
permitted to be made available through a portion of the Platform designated “Public Investor”; and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower Materials that are not marked “PUBLIC”
as being suitable only for posting on a portion of the Platform not designated “Public Investor.” 

  
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 SECTION 5.02 Notices of Material Events. The Borrower will furnish to the Administrative
Agent (for distribution to each Lender through the Administrative Agent) prompt written notice of the following promptly after any Responsible Officer of the Borrower obtains notice thereof: 

(a) the occurrence of any Default; 

(b) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against
or affecting the Borrower or any of its Subsidiaries that could reasonably be expected to result in a Material Adverse Effect; 

(c) within three Business Days after the occurrence of any ERISA Event that, alone or together with any other ERISA Events that
have occurred or are reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect; 

(d) within five Business Days after any public announcements regarding a change in the Debt Rating; and 

(e) any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect. 

Each notice delivered under this Section shall be accompanied by a written statement of a Responsible Officer of the Borrower setting forth the details of the
event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 
 SECTION 5.03 Existence;
Conduct of Business. The Borrower will, and will cause each Material Subsidiary to, do or cause to be done all things necessary to obtain, preserve, renew and keep in full force and effect (a) its legal existence and (b) the rights,
licenses, permits, privileges, franchises, patents, copyrights, trademarks and trade names material to the conduct of its business, except, in the case of clause (b), to the extent that failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect; provided that the foregoing shall not prohibit any transaction permitted under Section 6.03 or 6.05. 

SECTION 5.04 Payment of Obligations. The Borrower will, and will cause each Material Subsidiary to, pay its obligations (other than
Indebtedness and any obligations in respect of any Swap Agreements), including Tax liabilities that, if unpaid, could result in a Lien on any of its assets or properties, before the same shall become delinquent or in default, except (a) where
(1) the validity or amount thereof is being contested in good faith by appropriate proceedings and (2) the Borrower or such Material Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP, or
(b) for any failures to pay that could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 

SECTION 5.05 Maintenance of Properties. The Borrower will, and will cause each Material Subsidiary to, keep and maintain all tangible
property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except (a) pursuant to transactions permitted by Section 6.03 or 6.05 or (b) where the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

  
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 SECTION 5.06 Insurance. The Borrower will, and will cause each Material Subsidiary to,
maintain in all material respects, with insurance companies believed by the Borrower to be financially sound and reputable, (a) insurance in such amounts and against at least such risks as is customarily maintained by companies engaged in the
same or similar businesses operating in the same or similar locations and (b) all other insurance as may be required by law. The Borrower will furnish to the Lenders, upon request of the Administrative Agent, information in reasonable detail as
to the insurance so maintained. 
 SECTION 5.07 Books and Records; Inspection and Audit Rights. The Borrower will, and will cause
each Subsidiary to, keep proper books of record and account in a manner sufficient to (a) permit the preparation of financial statements in accordance with GAAP and (b) calculate the financial covenants set forth in Sections 6.08 and 6.09.
Subject to Section 9.12, the Borrower will, and will cause each Subsidiary to, permit any representatives designated by the Administrative Agent (or, during an Event of Default, any Lender (which shall be coordinated through the Administrative
Agent)), upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants (and the Borrower
shall be afforded the opportunity to participate in any discussions with such officers and independent accountants), all at such reasonable times and as often as reasonably requested; provided that, excluding any such visits and inspections
during the continuation of an Event of Default, the Administrative Agent shall not exercise such rights more often than one time during any calendar year at the Borrower’s expense. Notwithstanding anything to the contrary in this
Section 5.07, none of the Borrower or its Subsidiaries will be required to disclose, permit the inspection, examination or making of extracts, or discussion of, any documents, information or other matter that (i) in respect of which
disclosure to the Administrative Agent (or, as applicable, any Lender or any of their respective designated representatives) is then prohibited by law, rule or regulation or any agreement binding on the Borrower or any of its Subsidiaries,
(ii) is non-financial trade secrets or proprietary computer programs, client and vendor proprietary information, source code, proprietary technology and similar proprietary information or (iii) is subject to attorney-client or similar
privilege or constitutes attorney work-product. 
 SECTION 5.08 Compliance with Laws. 

(a) The Borrower will, and will cause each Subsidiary to, comply with all Requirements of Law with respect to it or its property, except where
the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 (b) The
Borrower will maintain in effect and enforce policies and procedures reasonably designed to achieve compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable
Sanctions. 
 ARTICLE VI 

NEGATIVE COVENANTS 

Beginning on the Closing Date after giving effect to the Loans made on the Closing Date and continuing thereafter until the Commitments have
expired or been terminated and the principal of and interest on each Loan and all fees, expenses and other amounts payable (other than contingent amounts not yet due) under any Loan Document have been paid in full and all Letters of Credit have
expired, been terminated or been cash collateralized on terms reasonably acceptable to the Issuing Bank, the Borrower covenants and agrees with the Lenders that: 

SECTION 6.01 Indebtedness of Subsidiaries. 

  
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 The Borrower will not permit any Subsidiary to create, incur, assume or permit to exist any
Funded Indebtedness other than: 
 (i) Indebtedness of any Subsidiary to the Borrower or any other Subsidiary; 

(ii) Guarantees by any Subsidiary of Indebtedness of any other Subsidiary; provided that the Indebtedness so Guaranteed
is otherwise permitted by this Section 6.01; 
 (iii) other Indebtedness of the Subsidiaries in an aggregate principal
amount not exceeding the greater of (x) $300,000,000 at any time outstanding and (y) 25% of Consolidated EBITDA for the four consecutive fiscal quarter period of the Borrower most-recently ended on or prior to the most recent date any
Indebtedness is incurred in reliance on this clause (iii) for which financial statements have been or were required to be delivered pursuant to paragraph (a) or (b) of Section 5.01; 

(iv) Indebtedness owed to any Person (including obligations in respect of letters of credit for the benefit of such Person)
providing workers’ compensation, health, disability or other employee benefits or property, casualty or liability insurance, pursuant to reimbursement or indemnification obligations to such Person, in each case incurred in the ordinary course
of business; 
 (v) Indebtedness of any Subsidiary in respect of performance bonds, bid bonds, appeal bonds, surety bonds,
performance and completion guarantees and similar obligations (other than in respect of other Indebtedness for borrowed money), in each case provided in the ordinary course of business; 

(vi) Indebtedness of a Subsidiary in respect of non-speculative Swap Agreements relating to the business or operations of such
Subsidiary; 
 (vii) Indebtedness arising from the honoring by a bank or financial institution of a check or similar
instrument drawn against insufficient funds in the ordinary course of business, so long as such Indebtedness is repaid within five Business Days; 

(viii) Indebtedness in respect of letters of credit, guarantees, counter-indemnities and short term facilities incurred by any
Subsidiary engaged in Clearing Operations in connection with the ordinary clearing, depository and settlement procedures (including, without limitation, any letter of credit or guarantees provided to any central securities depositories or external
custodians) relating thereto; provided that any advances thereunder are repaid within 10 days following the date of such advance or any drawing under any letter of credit or guarantee; 

(ix) any Indebtedness of any Clearing House incurred in connection with arrangements related to any Clearing Operations where
such Indebtedness arises under the rules, normal procedures, agreements or legislation governing the Clearing Operations or such Clearing House; provided that any loans, advances or other outstanding Indebtedness thereunder are repaid within
10 days following the date on which such loan or advance was made or any other such Indebtedness was incurred; 
 (x) any
Indebtedness arising as a result of short-term sale and repurchase transactions entered into by a Subsidiary on market terms and in respect of marketable securities held for investment purposes where the applicable Subsidiary enters into back to
back, foreign exchange, swap or derivative transaction in the ordinary course of business; provided that the amount of such Indebtedness doesn’t exceed the principal amount of the securities sold; 

  
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 (xi) Indebtedness incurred in connection with the administration of the UK ESOP
Program in the ordinary course of business and not outstanding longer than seven days; 
 (xii) Indebtedness of Regulated
Subsidiaries or any direct or indirect parent of any such Regulated Subsidiary incurred to satisfy such Regulated Subsidiary’s determination of any requirement imposed at any time or from time to time by any Governmental Authority in an
aggregate principal amount not to exceed $250,000,000 at any time outstanding; provided that any such Indebtedness is not outstanding for longer than 30 days; 

(xiii) Indebtedness consisting of the financing of insurance premiums in the ordinary course of business. 

(xiv) Indebtedness of any Subsidiary incurred on behalf of its customers in its market technology business consisting of
purchase money Indebtedness and Capital Lease Obligations not to exceed $50,000,000 outstanding at any time in respect of back-to-back lease arrangements; 

(xv) Indebtedness arising from agreements of any Subsidiary providing for indemnification, adjustment of purchase or
acquisition price or similar obligations, in each case, incurred or assumed in connection with any Acquisition or the disposition of any business, assets or a Subsidiary not prohibited by this Agreement; 

(xvi) Indebtedness supported by a Letter of Credit, in a principal amount not in excess of the stated amount of such Letter of
Credit; 
 (xvii) Indebtedness of any Person that is merged or consolidated with and into any Subsidiary or of any Person
that otherwise becomes a Subsidiary after the Closing Date; provided that such Indebtedness exists at the time such Person becomes a Subsidiary and is not created in contemplation of or in connection with such Person becoming a Subsidiary,
and extensions, renewals and replacements of any such Indebtedness so long as the principal amount of such extensions, renewals and replacements does not exceed the principal amount of the Indebtedness being extended, renewed or replaced (plus any
accrued but unpaid interest and redemption premium payable by the terms of such Indebtedness thereon); provided that (i) the Borrower would be in compliance on a Pro Forma Basis with the covenant set forth in Section 6.09 as of the
most recent test date for which financial statements have been delivered pursuant to paragraph (a) or (b) of Section 5.01 and (ii) the aggregate principal amount of Indebtedness permitted by this clause (xvii) shall not
exceed $100,000,000 at any time outstanding; and 
 (xviii) Indebtedness arising from repurchase agreements, reverse
repurchase agreements, sell buy back and buy sell back agreements, securities lending and borrowing agreements and any other similar agreement or transaction (including Swap Agreements) entered into by the Borrower or such Subsidiary in the ordinary
course of its clearing, depository and settlement operations, or matters reasonably related or incidental thereto, or in the management of its liabilities; provided that the amount of such Indebtedness outstanding at any time does not exceed
the market value of the securities or other assets sold, loaned or borrowed or otherwise subject to such applicable agreement or transaction at such time. 

SECTION 6.02 Liens. The Borrower will not, nor will it permit any Subsidiary to, create, incur, assume or permit to exist any Lien on
any property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except: 

  
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 (a) Permitted Encumbrances; 

(b) any Lien on any property or asset of the Borrower or any Subsidiary existing on the Closing Date and set forth in
Schedule 6.02; provided that (A) such Lien shall not apply to any other property or asset of the Borrower or any Subsidiary and (B) such Lien shall secure only those obligations that it secures on the date hereof and
refinancings, extensions, renewals and replacements thereof so long as the principal amount of such refinancings, extensions, renewals and replacements does not exceed the principal amount of the obligations being refinanced, extended, renewed or
replaced (plus any accrued but unpaid interest and premium or penalty payable by the terms of such obligations thereon and reasonable fees and expenses associated therewith); 

(c) any Lien existing on any property or asset prior to the acquisition thereof by the Borrower or any Subsidiary or existing
on any property or asset of any Person that becomes a Subsidiary after the date hereof prior to the time such Person becomes a Subsidiary; provided that (A) such Lien is not created in contemplation of or in connection with such
acquisition or such Person becoming a Subsidiary, as the case may be, (B) such Lien shall not apply to any other property or asset of the Borrower or any Subsidiary other than proceeds of such property or asset and (C) such Lien shall
secure only those obligations that it secures on the date of such acquisition or the date such Person becomes a Subsidiary, as the case may be, and refinancings, extensions, renewals and replacements thereof so long as the principal amount of such
refinancings, extensions, renewals and replacements does not exceed the principal amount of the obligations being refinanced, extended, renewed or replaced (plus any accrued but unpaid interest and premium or penalty payable by the terms of such
obligations thereon and reasonable fees and expenses associated therewith); 
 (d) Liens on fixed or capital assets acquired,
constructed or improved (including any such assets made the subject of a Capital Lease Obligation incurred) by the Borrower or any Subsidiary; provided that (A) the Indebtedness secured thereby does not exceed the cost of acquiring,
constructing or improving such fixed or capital asset and (B) such Liens shall not apply to any other property or assets of the Borrower or any Subsidiary other than proceeds of such property or assets; 

(e) Liens of a collecting bank arising in the ordinary course of business under Section 4-208 of the Uniform Commercial
Code in effect in the relevant jurisdiction covering only the items being collected upon; 
 (f) Liens representing any
interest or title of a licensor, lessor or sublicensor or sublessor under any lease or license permitted by this Agreement; 

(g) Liens not otherwise permitted by this Section to the extent that the aggregate outstanding principal amount of the
obligations secured thereby does not exceed $150,000,000 at any time outstanding; 
 (h) Liens granted by a Subsidiary in
favor of the Borrower or another Subsidiary in respect of Indebtedness or other obligations owed by such Subsidiary to the Borrower or such other Subsidiary; 

  
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 (i) Liens on insurance policies and the proceeds thereof securing Indebtedness
permitted by Section 6.01(xiii); 
 (j) Liens granted by a Subsidiary to secure obligations that do not constitute
Indebtedness and are incurred in connection with the exchange and clearing operations of such Subsidiary in the ordinary course of business; 

(k) Liens solely on earnest money deposits made by the Borrower or any Subsidiary in connection with any letter of intent or
purchase agreement in respect of any Acquisition or other Investment; 
 (l) Liens securing obligations in respect of
non-speculative Swap Agreements relating to the business or operations of the Borrower or its Subsidiaries; 
 (m) Liens
arising in connection with the operations of the Borrower or any Subsidiary relating to clearing, depository, matched principal, regulated exchange or settlement activities or the management of liabilities, in each case, in the ordinary course of
business, including, without limitation, (i) Liens on securities sold by the Borrower or any of the Borrower’s Subsidiaries in repurchase agreements, reverse repurchase agreements, sell buy back and buy sell back agreements, securities
lending and borrowing agreements and any other similar agreement or transaction and (ii) Liens on cash and Permitted Investments to secure permitted Indebtedness incurred in connection with such activities; 

(n) Liens arising from the sale of accounts receivable for which fair equivalent value is received; 

(o) Liens securing obligations of the Borrower or any Subsidiary of the Borrower in respect of any swap agreements or other
hedging arrangements entered into (i) in the ordinary course of business and for non-speculative purposes or (ii) solely in order to serve clearing, depository, regulated exchange or settlement activities in respect thereof; and 

(p) Liens created in connection with any share repurchase program in favor of any broker, dealer, custodian, trustee or agent
administering or effecting transactions pursuant to a share repurchase program. 
 SECTION 6.03 Fundamental Changes and Lines of
Business. 
 (a) The Borrower will not, nor will it permit any Subsidiary to, merge into or consolidate with any other Person, or permit
any other Person to merge into or consolidate with it, or liquidate or dissolve, except that: 
 (i) if at the time thereof
and immediately after giving effect thereto no Default shall have occurred and be continuing (w) any Person may merge into the Borrower in a transaction in which the Borrower is the surviving corporation, (x) any Subsidiary may merge into
any Person in order to consummate an Asset Sale permitted by Section 6.05 or any Investment not prohibited by this Agreement, (y) any Subsidiary may merge into the Borrower and (z) any Subsidiary may liquidate, dissolve or wind up its
affairs if the Borrower determines in good faith that such liquidation or dissolution is in the best interests of the Borrower and is not materially disadvantageous to the Lenders; 

  
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 (ii) any Subsidiary may be merged or consolidated with or into any other
Subsidiary; and 
 (iii) any Subsidiary may liquidate, dissolve or wind up its affairs if its assets are distributed to a
Wholly-Owned Subsidiary. 
 (b) The Borrower will not, nor will it permit any Subsidiary to, engage in any business other than businesses of
the type that do not fundamentally and substantively alter the character of the business of the Borrower and the Subsidiaries, taken as whole, from the business conducted by the Borrower and the Subsidiaries, taken as whole, on the Closing Date and
other business activities incidental or related thereto or constituting reasonable extensions thereof. 
 SECTION 6.04 Use of Proceeds
and Letters of Credit. 
 (a) The proceeds of the Revolving Loans on the Closing Date will be used, directly or indirectly, to
consummate the Refinancing and to pay Transaction Costs. The proceeds of the Revolving Loans and Swingline Loans drawn after the Closing Date will be used only for general corporate purposes (including Acquisitions and the payment of Transaction
Costs). No part of the proceeds of any Loan will be used, whether directly or indirectly, (i) for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be used only
for general corporate purposes. 
 (b) The Borrower shall not directly or, to its knowledge, indirectly use the proceeds of any Borrowing or
LC Credit Extension, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other individual or entity, to fund any activities of or business with any individual or entity, or in any Designated
Jurisdiction, that, at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by any individual or entity (including any individual or entity participating in the transaction, whether as Lender,
Arranger, Administrative Agent, Issuing Bank, Swingline Lender, or otherwise) of Sanctions. 
 (c) The Borrower shall not directly or, to
its knowledge, indirectly use the proceeds of any Borrowing or LC Credit Extension for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977 or the UK Bribery Act 2010, or breach other similar applicable legislation
in other jurisdictions. 
 SECTION 6.05 Asset Sales. The Borrower will not, nor will it permit any Subsidiary to, sell, transfer,
license, lease or otherwise dispose of any asset owned by it (including any Equity Interest owned by it, but excluding any Equity Interests of the Borrower), nor will the Borrower permit any Subsidiary to issue any additional Equity Interest in such
Subsidiary (other than directors’ qualifying shares and Equity Interests issued to the Borrower or another Subsidiary) (each of the foregoing an “Asset Sale”), except: 

(a) sales, transfers, leases and other dispositions of (i) inventory, (ii) used or surplus equipment,
(iii) Permitted Investments and (iv) cash and Cash Equivalents, in each case in the ordinary course of business; 

(b) Asset Sales made by any Broker Dealer Subsidiary in the ordinary course of business; 

(c) Asset Sales to or among the Borrower and/or a Subsidiary or Subsidiaries; 

  
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 (d) sales, transfers and other dispositions of accounts receivable in connection
with the compromise, settlement or collection thereof consistent with past practice; 
 (e) sales, transfers, leases and
other dispositions of any Investments; 
 (f) leases entered into in the ordinary course of business, to the extent that they
do not materially interfere with the business of the Borrower or any Subsidiary; 
 (g) licenses or sublicenses of
intellectual property in the ordinary course of business, to the extent that they do not materially interfere with the business of the Borrower or any Subsidiary; 

(h) dispositions resulting from any casualty or other insured damage to, or any taking under power of eminent domain or by
condemnation or similar proceeding of, any property or asset of the Borrower or any Subsidiary; 
 (i) issuances of Equity
Interests to foreign nationals to the extent required by applicable law; 
 (j) so long as the Borrower would be in
compliance on a Pro Forma Basis with the covenant set forth in Section 6.09 as of the most recent test date for which financial statements have been delivered pursuant to paragraph (a) or (b) of Section 5.01, Asset Sales of
assets that are not otherwise permitted by any other clause of this Section; provided that such (i) assets sold in any calendar year shall not, in the aggregate, account for more than 20.0% of Consolidated EBITDA or more than 20.0% of
the Borrower’s consolidated total revenues for the prior calendar year and (ii) as of any time of determination, such assets sold during the term of this Agreement shall not, in the aggregate, account for more than 40.0% of Consolidated
EBITDA or more than 40.0% of the Borrower’s consolidated total revenues, in each case on a cumulative basis from September 30, 2014 through the most recently completed fiscal quarter for which financial statements are available; 

(k) sale and leaseback transactions involving assets that do not exceed $100,000,000; and 

(l) ratable issuances of Equity Interests to existing equityholders for non-Wholly-Owned Subsidiaries (or less than ratable if
such issuance would result in the Borrower and/or any other Subsidiary increasing its percentage of any class of Equity Interest owned in such non-Wholly-Owned Subsidiary, as compared to its ownership immediately prior to the consummation of such
transaction). 
 For the avoidance of doubt, (w) the granting of Liens permitted by Section 6.02, (x) the making of
Investments not prohibited by this Agreement, (y) the making of any mergers, consolidations, liquidations or dissolutions permitted by Section 6.03(a) and (z) the making of any Restricted Payment not prohibited by this Agreement will
not be deemed to be Asset Sales for purposes of this Section 6.05. 
 SECTION 6.06 Restricted Payments. The Borrower will not,
nor will it permit any Subsidiary to, make, directly or indirectly, any Restricted Payment, except: 
 (a) the Borrower may
make Restricted Payments with respect to its Equity Interests or with respect to Equity Equivalents, in each case, payable solely in Equity Interests or Equity Equivalents (other than Disqualified Equity Interests); 

  
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 (b) the Borrower and its Subsidiaries may make Restricted Payments not exceeding
$10,000,000 during any fiscal year pursuant to and in accordance with stock option or stock ownership plans, employment agreements, incentive plans or other benefit plans approved by the Borrower’s Board of Directors for management, directors,
former directors, employees and former employees of the Borrower and the Subsidiaries; 
 (c) the Borrower and its
Subsidiaries may make Restricted Payments; provided that (x) on a Pro Forma Basis the Leverage Ratio as of the last day of the Borrower’s most recently ended fiscal quarter for which financial statements have been delivered pursuant
to paragraph (a) or (b) of Section 5.01 would be equal to or less than 3.0 to 1.0 and (y) at the time of any such payment, no Event of Default shall have occurred and be continuing or would result therefrom; 

(d) the Borrower and its Subsidiaries may make additional Restricted Payments not otherwise permitted by this Section 6.06
in an aggregate amount not exceeding $150,000,000; 
 (e) the Borrower and its Subsidiaries may redeem, repurchase or
otherwise acquire Qualified Equity Interests or options in exchange for (or out of the proceeds of a substantially concurrent offering of) Qualified Equity Interests of the Borrower or newly issued options to acquire Equity Interests of the
Borrower; 
 (f) [reserved]; 

(g) the Borrower or any Subsidiaries may redeem, repurchase or otherwise acquire Qualified Equity Interests within 180 days of
any Acquisition which was funded in whole or in part through the issuance of Qualified Equity Interests to the sellers of the business acquired in such Acquisition so long as the amount expended does not exceed the current market value (as
determined in good faith by the Borrower) of the Qualified Equity Interests issued to such sellers in such Acquisition; and 

(h) the Borrower may make ordinary cash dividends on any Equity Interests of the Borrower. 

SECTION 6.07 Transactions with Affiliates. The Borrower will not, nor will it permit any Subsidiary to, sell, lease, license or
otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except (i) transactions in the ordinary course of
business at prices and on terms and conditions not materially less favorable to the Borrower or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties, (ii) transactions between or among the Borrower
and the Subsidiaries, (iii) loans or advances to employees, (iv) payroll, travel and similar advances, (v) the payment of reasonable fees to directors of the Borrower or any Subsidiary who are not employees of the Borrower or any
Subsidiary, and compensation and employee benefit arrangements paid to, and indemnities provided for the benefit of, directors, officers or employees of the Borrower or the Subsidiaries in the ordinary course of business, (vi) any issuances of
securities or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment agreements, stock options and stock ownership plans, incentive plans or other benefit plans approved by the Borrower’s
Board of Directors, (vii) employment and severance arrangements entered into in the ordinary course of business between the Borrower or any Subsidiary and any employee thereof and approved by the Borrower’s Board of Directors,
(viii) any Restricted Payment not prohibited by this Agreement, (ix) transactions pursuant to the agreements set forth on Schedule 6.07 and (x) any transaction with an Affiliate (other than the Borrower or any Subsidiary) where
the only consideration paid to such Affiliate is Qualified Equity Interests of the Borrower including conversions pursuant to any convertible debt instrument. 

  
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 SECTION 6.08 Interest Expense Coverage Ratio. The Borrower will not permit the Interest
Coverage Ratio as of the last day of any period of four consecutive fiscal quarters of the Borrower to be less than 4.00 to 1.00. 
 SECTION
6.09 Leverage Ratio. The Borrower will not permit the Leverage Ratio as of the last day of any period of four consecutive fiscal quarters of the Borrower to be greater than 3.50 to 1.00; provided that the Borrower shall be permitted
one time only to allow the Leverage Ratio required under this Section 6.09 to be increased to 3.75 to 1.00 in connection with an Acquisition for the one-year period beginning on the closing date of such Acquisition, so long as the Borrower is
in compliance on a Pro Forma Basis with a Leverage Ratio of 3.75 to 1.00 on the closing date of such Acquisition after giving effect to such Acquisition; provided, further, that the Borrower shall provide notice in writing to the
Administrative Agent of such increase and a transaction description of such Acquisition (regarding the name of the Person or assets being acquired, the purchase price, the Leverage Ratio on a Pro Forma Basis and the acquired revenue (for the
trailing four quarter period) and Consolidated EBITDA of such acquired Person or assets); provided, further, that at the end of such one-year period, the Leverage Ratio permitted under this Section 6.09 shall revert to 3.50 to
1.00. 
 ARTICLE VII 
 EVENTS
OF DEFAULT 
 If any of the following events (any such event, an “Event of Default”) shall occur: 

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

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

(c) any representation or warranty made or deemed made by or on behalf of the Borrower in or in connection with any Loan
Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate, financial statement or other document furnished pursuant to Article II, Article IV, Section 5.01 or Section 5.02 or any amendment or
modification thereof or waiver thereunder, shall, if qualified by materiality, prove to have been incorrect or, if not so qualified, prove to have been incorrect in any material respect, in each case when made or deemed made; 

(d) the Borrower shall fail to observe or perform any covenant, condition or agreement contained in Section 5.02(a),
Section 5.03(a) or in Article VI; 
 (e) the Borrower shall fail to observe or perform any covenant, condition or
agreement contained in any Loan Document (other than those specified in paragraph (a), (b) or (d) of this Article VII), and such failure shall continue unremedied for a period of 30 days after notice thereof from any Lender or the
Administrative Agent to the Borrower; 

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

(g) any event or condition occurs that results in any Material Indebtedness of the Borrower or any Subsidiary becoming due
prior to its scheduled maturity or that, after the expiration of any applicable grace period, enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness of the Borrower or
any Subsidiary or any trustee or agent on its or their behalf to cause any Material Indebtedness of the Borrower or any Subsidiary to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled
maturity; provided that this paragraph (g) shall not apply to (i) secured Indebtedness that becomes due as a result of the sale, transfer or other disposition (including as a result of a casualty or condemnation event) of the
property or assets securing such Indebtedness (to the extent such sale, transfer or other disposition is not prohibited under this Agreement) or (ii) any Indebtedness that becomes due as a result of a refinancing thereof permitted by
Section 6.01; 
 (h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking
(i) liquidation, reorganization or other relief in respect of the Borrower or any Material Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law
now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Material Subsidiary or for a substantial part of its assets, and, in any such case, such
proceeding or petition shall continue undismissed or undischarged for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 

(i) the Borrower or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking
liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate
manner, any proceeding or petition described in paragraph (h) of this Article VII, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any
Material Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or
(vi) take any action for the purpose of effecting any of the foregoing; 
 (j) the Borrower or any Material Subsidiary
shall become unable, admit in writing its inability or fail generally to pay its debts as they become due; 
 (k) one or more
judgments for the payment of money in an aggregate amount in excess of $50,000,000 (to the extent not paid, fully bonded or covered by insurance) shall be rendered against the Borrower, any Material Subsidiary or any combination thereof and the same
shall remain undischarged, undismissed or unvacated for a period of 60 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of the
Borrower or any Material Subsidiary to enforce any such judgment and such action shall not have been stayed; 

  
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 (l) an ERISA Event shall have occurred that, in the reasonable opinion of the
Required Lenders, when taken together with all other ERISA Events that have occurred, could reasonably be expected to result in a Material Adverse Effect; 

(m) a Change in Control shall occur; or 

(n) any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted
hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect in any material respect; or the Borrower contests in any manner the validity or enforceability of any Loan Document; or the Borrower denies
that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document (other than pursuant to any termination in accordance with the terms hereof or thereof or satisfaction in full
of the Obligations); 
 then, and in every such event (other than an event with respect to the Borrower described in paragraph (h) or (i) of this
Article VII), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take any of the following actions, at the same or different
times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and
payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall
become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower and (iii) require the Borrower to Cash Collateralize the LC Exposure; and in case of any Event
of Default with respect to the Borrower described in paragraph (h) or (i) of this Article VII, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all
fees and other obligations of the Borrower accrued hereunder, shall automatically become due and payable and the Borrower shall be required to Cash Collateralize the LC Exposure, without presentment, demand, protest or other notice of any kind, all
of which are hereby waived by the Borrower. 
 ARTICLE VIII 

REGARDING THE ADMINISTRATIVE AGENT 

Each of the Lenders and the Issuing Bank hereby irrevocably appoints Bank of America to act on its behalf as Administrative Agent and
authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent, by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental
thereto. The provisions of this Article VIII are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Bank, and the Borrower shall not have rights as a third party beneficiary of any of such provisions. 

The bank serving as Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and
may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate
thereof as if it were not the Administrative Agent hereunder. 
 The Administrative Agent shall not have any duties or obligations except
those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred

  
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and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers
expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise in writing as directed by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary or believed by the such Agent
in good faith to be necessary under the circumstances as provided in Section 2.05 or Section 9.02), and (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall
not be liable for the failure to disclose, any information relating to the Borrower or any Subsidiary that is communicated to or obtained by the bank serving as the Administrative Agent or any of its Affiliates in any capacity. The Administrative
Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in
Section 2.05 or Section 9.02) or in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall not be deemed to have knowledge of any Default unless and until written notice thereof is given to the
Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan
Document, (ii) the contents of any certificate, report or other document delivered thereunder or in connection therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any
Loan Document or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in
Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed or sent or otherwise authenticated by the
proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative Agent may
consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel,
accountants or experts. 
 The Administrative Agent may perform any and all its duties and exercise its rights and powers by or through any
one or more sub-agents appointed by The Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory
provisions of this Article VIII shall apply to any such sub-agent and to the Related Parties of The Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit
facilities provided for herein as well as activities as The Administrative Agent. 
 The Administrative Agent may resign at any time upon
notice to the Lenders, the Issuing Bank and the Borrower. Upon any such resignation, the Required Lenders shall have the right, in consultation with the Borrower and, unless an Event of Default has occurred and is continuing, with the consent of the
Borrower (not to be unreasonably withheld or delayed) to appoint a successor that shall be a bank with an office in the United States or an Affiliate of any such bank. If no successor shall have been so appointed by the Required Lenders and shall
have accepted such appointment within 30 days after such retiring Administrative Agent gives notice of its resignation, then such retiring Administrative Agent may, on behalf of the Lenders and the Issuing Bank, appoint a successor Administrative
Agent that shall be a bank with an office in the United States or an Affiliate of any such bank; provided that if the Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such

  
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appointment, then such resignation shall nonetheless become effective in accordance with such notice and (a) such retiring Administrative Agent shall be discharged from its duties and
obligations hereunder and under the other Loan Documents and (b) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and the Issuing Bank
directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this paragraph. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed
to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from all its duties and obligations under the Loan Documents. The fees payable by
the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After such Administrative Agent’s resignation hereunder, the provisions of
this Article VIII and Section 9.03 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while
the retiring Administrative Agent was acting as the Administrative Agent. 
 Any resignation by Bank of America as Administrative Agent
pursuant to this Article VIII shall also constitute its resignation as Issuing Bank and Swingline Lender. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, (i) such successor shall succeed to and become
vested with all of the rights, powers, privileges and duties of the retiring Issuing Bank and Swingline Lender, (ii) the retiring Issuing Bank and Swingline Lender shall be discharged from all of their respective duties and obligations
hereunder or under the other Loan Documents, and (iii) the successor Issuing Bank shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements
satisfactory to the retiring Issuing Bank to effectively assume the obligations of the retiring Issuing Bank with respect to such Letters of Credit. 

Each Lender and the Issuing Bank acknowledges that it has, independently and without reliance upon the Administrative Agent or any other
Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and the Issuing Bank also acknowledges that it will,
independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in
taking or not taking action under or based upon this any Loan Document or any related agreement or any document furnished thereunder. 
 In
case of the pendency of any proceeding under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law or any other judicial proceeding relative to the Borrower, the Administrative Agent (irrespective of whether the principal
of any Loan or LC Exposure shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by
intervention in such proceeding or otherwise, to (a) file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, LC Exposures and all other Obligations that are owing and unpaid and to
file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Issuing Bank (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Issuing Bank
and their respective agents and counsel and all other amounts due the Lenders and the Issuing Bank under Sections 2.05(e) and 2.12) allowed in such judicial proceeding, and (b) collect and receive any monies or other property payable or
deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and the Issuing Bank to
make such payments to the Administrative 

  
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Agent and, if the Administrative Agent shall consent to the making of such payments directly to the Lenders and the Issuing Bank, to pay to the Administrative Agent any amount due for the
reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Section 2.10. 

Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any
Lender or the Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or the Issuing Bank to authorize the Administrative Agent to vote in respect of the claim of any
Lender or the Issuing Bank or in any such proceeding. 
 To the extent required by any applicable law, the Administrative Agent may withhold
from any payment to any Lender or the Issuing Bank an amount equivalent to any applicable withholding tax. If the Internal Revenue Service or any other authority of the United States or other jurisdiction asserts a claim that the Administrative
Agent did not properly withhold tax from amounts paid to or for the account of any Lender or the Issuing Bank for any reason (including, without limitation, because the appropriate form was not delivered or not properly executed, or because such
Lender or the Issuing Bank failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of withholding tax ineffective), such Lender or the Issuing Bank shall indemnify and hold harmless the
Administrative Agent (to the extent that the Administrative Agent has not already been reimbursed by the Borrower pursuant to Section 2.13 or Section 2.15 and without limiting the obligation of the Borrower to do so) for all amounts paid,
directly or indirectly, by the Administrative Agent as Taxes or otherwise, together with all expenses incurred, including legal expenses and any other reasonable expenses, whether or not such tax was correctly or legally imposed or asserted by the
relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender or the Issuing Bank by the Administrative Agent shall be conclusive absent manifest error. Each Lender and the Issuing Bank hereby
authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or the Issuing Bank under this Agreement or any other Loan Document against any amount due the Administrative Agent under this paragraph.
The agreements in this paragraph shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender or the Issuing Bank and the repayment, satisfaction or discharge of any Loans
and all other amounts payable hereunder. 
 Notwithstanding anything herein to the contrary, none of the institutions identified as an
Arranger, Joint Bookrunning Manager, Syndication Agent or Documentation Agent on the cover page hereof shall have any powers, duties or responsibilities under any Loan Document, except in its capacity, as applicable, as the Administrative Agent, a
Lender or the Issuing Bank hereunder. 
 ARTICLE IX 

MISCELLANEOUS 
 SECTION
9.01 Notices. Except in the case of notices and other communications expressly permitted to be given by telephone, 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, solely with respect to any communications solely between or among the Administrative Agent and any Lender, sent by telecopy, as follows: 

(a) if to the Borrower, to it at 805 King Farm Blvd., Rockville, Maryland 20850, Attention of General Counsel; 

  
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 (b) if to the Administrative Agent, to the Administrative Agent’s Office;

 (c) if to an Issuing Bank or a Swingline Lender other than the Administrative Agent, to it at the address or telecopy
number set forth separately in writing; and 
 (d) if to any other Lender, to it at its address (or telecopy number) set
forth in its Administrative Questionnaire. 
 Any party hereto may change its address or, solely for purposes of any communications solely
between or among the Administrative Agent and any Lender, telecopy number for notices and other communications hereunder by notice to the other parties hereto. Notices and other communications to the Lenders and the Issuing Bank hereunder may also
be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices to any Lender or
the Issuing Bank pursuant to Article II if such Lender or the Issuing Bank, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article II by electronic communication. The Administrative Agent or
the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular
notices or communications. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. 

THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR
COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. 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 ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the
Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower, any Lender, the Issuing Bank or any other Person for losses, claims, damages, liabilities or expenses of any
kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of Borrower Materials or notices through the Platform, any other electronic platform or electronic messaging service, or
through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful
misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to the Borrower, any Lender, the Issuing Bank or any other Person for indirect, special, incidental, consequential or punitive
damages (as opposed to direct or actual damages). 
 SECTION 9.02 Waivers; Amendments. 

(a) No failure or delay by the Administrative Agent, the Issuing Bank or any Lender in exercising any right or power under any Loan Document
shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of
any other right or power. The rights and remedies of the Administrative Agent, the Issuing Bank and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise
have. No waiver of any provision of any Loan Document or consent 

  
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to any departure by the Borrower therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be
effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or the issuance, amendment, renewal or extension of a Letter of Credit shall not be construed as a
waiver of any Default, regardless of whether the Administrative Agent, any Lender or the Issuing Bank may have had notice or knowledge of such Default at the time. No notice or demand on the Borrower in any case shall entitle the Borrower to any
other or further notice or demand in similar or other circumstances. 
 (b) Except as provided in Section 2.18 with respect to any
Incremental Facility Amendment, neither any Loan Document nor any provision thereof may be waived, amended or modified except, in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by the Borrower and the
Required Lenders or, in the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Administrative Agent and the Borrower, in each case with the consent of the Required Lenders; provided that no
such agreement shall (i) increase the Commitment of any Lender without the written consent of such Lender, (ii) reduce the principal amount of any Loan, LC Disbursement or LC Advance or reduce the rate of interest thereon, or reduce any
fees payable hereunder, without the written consent of each Lender affected thereby, (iii) postpone the maturity of any Loan, or the required date of reimbursement of any LC Disbursement, or any date for the payment of any interest or fees
payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender affected thereby, (iv) alter the manner in which payments
or prepayments of principal, interest or other amounts hereunder shall be applied as among the Lenders or Types of Loans or change Section 2.16(b) or (c) in a manner that would alter the pro rata sharing of payments required thereby, in
each case without the written consent of each Lender adversely affected thereby, (v) change any of the provisions of this Section or the percentage set forth in the definition of “Required Lenders” or any other provision of any Loan
Document specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder, without the written consent of each Lender (or each
Lender of such Class, as the case may be) (it being understood that, other than pursuant to any Incremental Facility Amendment (the consent requirements for which are set forth in Section 2.20), with the consent of the Required Lenders,
additional extensions of credit pursuant to this Agreement may be included in the determination of the Required Lenders on substantially the same basis as the Revolving Commitments on the date hereof), (vi) change any provisions of any Loan
Document in a manner that by its terms adversely affects the rights in respect of payments due to Lenders holding Loans of any Class differently than those holding Loans of any other Class, without the written consent of Lenders holding a majority
in interest of the outstanding Loans and unused Commitments of each affected Class, (vii) modify the protections afforded to an SPV pursuant to the provisions of Section 9.04(e) without the written consent of such SPV or (viii) make
any changes that impose any restriction on the ability of any Lender to assign any of its rights or obligations, without the written consent of each Lender affected thereby; provided further that (A) no such agreement shall amend, modify
or otherwise affect the rights or duties of the Administrative Agent, the Issuing Bank, the Swingline Lenders, any Arranger, any Joint Bookrunning Manager, any Syndication Agent or any Documentation Agent without the prior written consent of the
Administrative Agent, the Issuing Bank, the Swingline Lenders, such Arranger, such Joint Bookrunning Manager, such Syndication Agent or such Documentation Agent, as the case may be, (B) without limiting clause (C) below, any waiver,
amendment or modification of this Agreement that by its terms affects the rights or duties under this Agreement of Lenders holding Loans or Commitments of a particular Class (but not the Lenders holding Loans or Commitments of any other Class) may
be effected by an agreement or agreements in writing entered into by the Borrower and the requisite percentage in interest of the affected Class of Lenders that would be required to consent thereto under this Section if such Class of Lenders were
the only Class of Lenders 

  
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hereunder at the time, and (C) after the Closing Date, no amendment, waiver or consent shall amend, modify supplement or waive the conditions precedent set forth in Section 4.02 or any
representation or warranty set forth in Article III without the written consent of the Required Lenders (it being understood that no other amendment, waiver, consent or other modification of any term or provision of this Agreement, including any
waiver of a covenant or a Default, shall be deemed to be an amendment, waiver, consent or other modification of Section 4.02 or any such representations or warranties for purposes of this clause C). Notwithstanding the foregoing, upon the
election of the Borrower to switch from GAAP to IFRS this Agreement may be amended (or amended and restated) with only the written consent of the Administrative Agent and the Borrower (and not any other Lender or the Required Lenders) to eliminate
any changes to the meaning of this Agreement as a result of such election. 
 (c) In connection with any proposed amendment, modification,
waiver or termination (a “Proposed Change”) requiring the consent of all Lenders or all affected Lenders, if the consent of the Required Lenders (and, to the extent any Proposed Change requires the consent of Lenders holding Loans
of any Class pursuant to clause (v) or (vi) of paragraph (a) of this Section, the consent of a majority in interest of the outstanding Loans and unused Commitments of such Class) to such Proposed Change is obtained, but the consent to
such Proposed Change of other Lenders whose consent is required is not obtained (any such Lender whose consent is not obtained as described in paragraph (b) of this Section being referred to as a “Non-Consenting Lender”), then,
the Borrower may, at its sole expense and effort, upon notice to such Non-Consenting Lender and the Administrative Agent, require such Non-Consenting Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions
contained in Section 9.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that
(a) the Borrower shall have received the prior written consent of the Administrative Agent (and, if a Revolving Commitment is being assigned, the Issuing Bank and Swingline Lenders), which consent shall not unreasonably be withheld,
(b) such Non-Consenting Lender shall have received payment of an amount equal to the outstanding principal of its Loans and LC Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder from the assignee (to
the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts) and (c) the Borrower or such assignee shall have paid to the Administrative Agent the processing and recordation fee
specified in Section 9.04(b). 
 SECTION 9.03 Expenses; Indemnity; Damage Waiver. 

(a) The Borrower shall pay (i) all reasonable and documented out-of-pocket costs and expenses incurred by the Administrative Agent, the
Arrangers and their respective Affiliates, including the reasonable fees, charges and disbursements of a single counsel for the Administrative Agent, the Arrangers and their respective Affiliates , in connection with the syndication of the credit
facilities provided for herein (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable and documented out-of-pocket costs and expenses incurred by the Administrative Agent and its Affiliates,
including the reasonable fees, charges and disbursements of a single counsel for the Administrative Agent and its Affiliates and, if reasonably necessary, of a single local counsel to the Administrative Agent and its Affiliates in each relevant
material jurisdiction, which may be a single local counsel acting in multiple material jurisdictions, in connection with the preparation and administration of the Loan Documents or any amendments, modifications or waivers of the provisions thereof,
(iii) all reasonable and documented out-of-pocket costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iv) all
reasonable and documented out-of-pocket costs and expenses incurred by the Administrative Agent, the Issuing Bank or any Lender, including the fees, charges and disbursements of a single primary counsel for the Administrative Agent, the Issuing Bank
or any Lender, along with such specialist counsel as may reasonably be required by the Administrative Agent, the Issuing Bank or any Lender, and of a single firm of local counsel in each material jurisdiction (and, in the event of a conflict of
interest (as reasonably determined by the applicable Administrative 

  
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Agent, Issuing Bank or Lender), one additional firm of counsel to each group of similarly affected parties), in connection with the enforcement or protection of their respective rights in
connection with the Loan Documents, including their respective rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout,
restructuring or negotiations in respect of such Loans or Letters of Credit. For the avoidance of doubt, this Section 9.03(a) shall not apply to any Indemnified Taxes or Other Taxes indemnified under Section 2.15 or any Excluded Taxes.

 (b) The Borrower shall indemnify and hold harmless the Administrative Agent, the Issuing Bank and each Lender, each Arranger, each Joint
Bookrunning Manager, each Syndication Agent, each Documentation Agent and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and
all losses, claims, damages, liabilities and reasonable and documented out-of-pocket expenses, including the reasonable fees, charges and disbursements of a single firm as primary counsel for the Indemnitees, along with such specialist counsel as
may reasonably be required by the Indemnitees, and of a single firm of local counsel in each material jurisdiction (and, in the event of a conflict of interest (as reasonably determined by the applicable Indemnitee), one additional firm of counsel
to each group of similarly affected Indemnitee), incurred by or asserted against any Indemnitee by any third party or by the Borrower or any Subsidiary arising out of, in connection with, or as a result of (i) the execution or delivery of any
Loan Document or any other agreement or instrument contemplated thereby, the performance by the parties to the Loan Documents of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated
thereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by the Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not
strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or Release of Hazardous Materials on, at, to or from any property currently or formerly owned or operated by the Borrower or any Subsidiary, or any
other Environmental Liability related in any material respect to the Borrower or any Subsidiary, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort
or any other theory, whether brought by a third party or by the Borrower or any Subsidiary and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent
that such losses, claims, damages, liabilities or expenses (x) are determined by a court of competent jurisdiction by final judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or any of its Related
Indemnified Persons (as defined below) or (y) arise from any dispute solely among Indemnitees other than any claims against any Arranger or the Administrative Agent in fulfilling its role as an agent or arranger or any similar role under the
Facilities and other than any claims arising out of any act or omission on the part of the Borrower or any of its Related Parties. For the avoidance of doubt, this Section 9.03(b) shall not apply to Taxes, other than any Taxes that represent
losses, claims, damages or liabilities arising from any non-Tax claim. “Related Indemnified Person” of an Indemnitee means (1) any controlling person or controlled affiliate of such Indemnitee, (2) the respective
directors, officers or employees of such Indemnitee or any of its controlling persons or controlled affiliates and (3) the respective agents of such Indemnitee or any of its controlling persons or controlled affiliates, in the case of this
clause (3), acting on behalf of, or at the express instructions of, such Indemnitee, controlling person or such controlled affiliate. 
 (c)
To the extent that the Borrower fails to pay any amount required to be paid by it to the Administrative Agent or the Issuing Bank under paragraph (a) or (b) of this Section but without affecting the Borrower’s obligations thereunder,
each Lender severally agrees to pay to the Administrative Agent or the Issuing Bank, as the case may be, such Lender’s pro rata share (determined as of the time that the 

  
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applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related
expense, as the case may be, was incurred by or asserted against the Administrative Agent or the Issuing Bank, as the case may be, in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based
upon its share of the aggregate Revolving Exposures and unused Commitments at the time such indemnity or reimbursement is sought; provided that for purposes of indemnifying the Issuing Bank hereunder a Lender’s “pro rata share”
will be based on the proportionate amount of the aggregate Revolving Exposure. The obligations of the Lenders under this paragraph (c) are subject to the second sentence of Section 2.02 (which shall apply mutatis mutandis to
the Lenders’ obligations under this paragraph (c)). 
 (d) To the fullest extent permitted by applicable law, the Borrower shall not
assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, any
Loan Document or any agreement or instrument contemplated thereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 

(e) All amounts due under this Section shall be payable not later than 10 Business Days after written demand therefor or, if later, by the due
date specified in any invoice relating thereto. 
 SECTION 9.04 Successors and Assigns. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent
of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto,
their respective successors and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section) and, to the extent expressly
contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Bank and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more assignees all or a portion
of its rights and obligations under this Agreement (including all or a portion of its Revolving Commitment and the Revolving Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld or delayed) of
(A) the Borrower; provided that no consent of the Borrower shall be required for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund (as defined below) or, if an Event of Default has occurred and is continuing, any
other assignee; provided, further, that the Borrower shall be deemed to have consented to an assignment if the Borrower does not object within 10 Business Days of receipt of a request therefor, (B) the Administrative Agent, not to
be unreasonably withheld, and (C) if a Revolving Commitment is being assigned, the Issuing Bank and Swingline Lenders, not to be unreasonably withheld. In the event that a Revolving Lender that is a Swingline Lender assigns all or a portion of
its rights and obligations under this Agreement (including all or a portion of its Revolving Commitment and the Revolving Loans at the time owing to it) in accordance with this Section 9.04(b), then such assignment may include all or a portion
of such Revolving Lender’s Swingline Commitment in an amount up to, but not in excess of, such Swingline Lender’s Swingline Commitment immediately prior to such assignment. 

  
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 (ii) Assignments shall be subject to the following additional conditions: (A) except in the
case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Revolving Commitment or Revolving Loans, the amount of the Revolving Commitment or
Revolving Loans of the assigning Lender subject to each such assignment (determined as of the trade date specified in the Assignment and Assumption with respect to such assignment or, if no trade date is so specified, as of the date the Assignment
and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than $2,500,000 unless the Borrower and the Administrative Agent otherwise consent (such consent not to be unreasonably withheld or delayed);
provided that no such consent of the Borrower shall be required if an Event of Default has occurred and is continuing, (B) each partial assignment shall be made as an assignment of a proportionate part of all the assigning
Lender’s rights and obligations under this Agreement in its capacity as a Revolving Lender, (C) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing
and recordation fee in an amount of $3,500 (it being understood that the Administrative Agent may elect, in its sole discretion, to waive such processing and recordation fee for any assignment and only one such Fee shall be payable in connection
with simultaneous assignments to or by two or more Approved Funds); provided that assignments made pursuant to Section 2.17(b) or Section 9.02(b) shall not require the signature of the assigning Lender to become effective, and
(D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire and any tax forms required by Section 2.15(e). 

For purposes of paragraph (b) of this Section, the terms “Approved Fund” and “CLO” have the following meanings: 

“Approved Fund” means (a) a CLO and (b) with respect to any Lender that is a fund that invests in
bank loans and similar extensions of credit, any other fund that invests in bank loans and similar extensions of credit and is managed by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 

“CLO” means an entity (whether a corporation, partnership, trust or otherwise) that is engaged in making,
purchasing, holding or otherwise investing in bank loans and similar extensions of credit in the ordinary course of its activities and is administered or managed by a Lender or an Affiliate of such Lender. 

(iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(v) of this Section, from and after the effective date specified in
each Assignment and Assumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender
thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights
and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.13, 2.14, 2.15 and 9.03 and to any fees payable hereunder that have accrued for such Lender’s
account but have not yet been paid). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section shall be treated for purposes of this Agreement as a sale by such Lender of a
participation in such rights and obligations in accordance with paragraph (c)(i) of this Section. 
 (iv) The Administrative Agent, acting
for this purpose as an agent of the Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and
principal amount of the Loans and LC Disbursements and interest thereon owing to, each Lender pursuant to the terms 

  
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hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent, the Issuing Bank and the Lenders shall
treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower,
the Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (v) Promptly upon its receipt
of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire and any tax forms required by Section 2.15(e) (unless the assignee shall already be a
Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment
and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 

(vi) The words “execution,” “signed,” “signature” and words of like import in any Assignment and Assumption
shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping
system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act or any other similar state
laws based on the Uniform Electronic Transactions Act. 
 (c) (i) Any Lender may, without the consent of the Borrower, the Administrative
Agent, the Issuing Bank or the Swingline Lenders, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement in its capacity as
a Revolving Lender (including all or a portion of its Revolving Commitment and the Revolving Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations and (C) the Borrower, the Administrative Agent, the Issuing Bank and the other Lenders shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce the Loan
Documents and to approve any amendment, modification or waiver of any provision of the Loan Documents; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any
amendment, modification or waiver described in the first proviso to Section 9.02(b) that affects such Participant. Subject to paragraph (c)(ii) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of
Sections 2.13, 2.14 and 2.15, subject to the requirements and limitations therein (provided that such Participant shall be subject to Section 2.16(c) as though it were a Lender), to the same extent as if it were a Lender and had acquired
its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender; provided that such Participant
shall be subject to Section 2.16(c) as though it were a 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 Loans or other 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 any Commitments, Loans or its other obligations under this
Agreement) except to the extent that the relevant parties, acting reasonably and in good faith, determine that such disclosure is necessary 

  
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to establish that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register
shall be conclusive 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. 

(ii) A Participant shall not be entitled to receive any greater payment under Section 2.13 or Section 2.15 than the applicable
Lender would have been entitled to receive with respect to the participation sold to such Participant, except to the extent such entitlement to a greater payment results from any change in any Requirement of Law after such Participant acquired the
applicable participation. 
 (d) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under
this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that
no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(e) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special
purpose funding vehicle (an “SPV”), identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower, the option to provide to the Borrower all or any part of any Loan that such Granting
Lender would otherwise be obligated to make to the Borrower pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPV to make any Loan and (ii) if an SPV elects not to exercise such option
or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by an SPV hereunder shall utilize the Commitment of the Granting Lender to the
same extent, and as if, such Loan were made by such Granting Lender. Each party hereto hereby agrees that no SPV shall be liable for any indemnity or similar payment obligation under this Agreement (all liability for which shall remain with the
Granting Lender). In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding
commercial paper or other senior indebtedness of any SPV, such party will not institute against, or join any other person in instituting against, such SPV any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the
laws of the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in this Section 9.04, any SPV may (i) with notice to, but without the prior written consent of, the Borrower and the
Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to the Granting Lender or to any financial institutions (consented to by the Borrower and Administrative Agent) providing
liquidity or credit support to or for the account of such SPV to support the funding or maintenance of Loans and (ii) disclose on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper
dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPV. Each party hereto hereby agrees that an SPV shall be entitled to the benefits of Sections 2.13, 2.14 and 2.15 (subject to the requirements and
limitations therein), but neither the grant to any SPV nor the exercise by any SPV of such option shall increase the costs or expenses or otherwise increase the obligations of the Borrower under such Sections except to the extent such increase
results from any change in any Requirement of Law after the grant to such SPV is made. 
 (f) Notwithstanding anything to the contrary
contained herein, if at any time any Issuing Bank or a Swingline Lender assigns all of its Revolving Commitments and Revolving Loans pursuant to Section 9.04(b), such Issuing Bank or Swingline Lender, as the case may be, may, (i) upon 30
days’ written notice to the Borrower and the Lenders, resign as Issuing Bank and/or (ii) upon 30 days’ written notice to the Borrower, resign as Swingline Lender. In the event of any such resignation as Issuing Bank

  
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or Swingline Lender, the Borrower shall be entitled to appoint from among the Lenders a successor Issuing Bank or Swingline Lender hereunder; provided, however, that no failure by
the Borrower to appoint any such successor shall affect the resignation of the resigning Person as Issuing Bank or Swingline Lender, as the case may be. If any Issuing Bank resigns as Issuing Bank, it shall retain all the rights, powers, privileges
and duties of the Issuing Bank hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as Issuing Bank and all LC Exposures with respect thereto. If any Person resigns as Swingline Lender, it shall
retain all the rights of the Swingline Lender provided for hereunder with respect to Swingline Loans made by it and outstanding as of the effective date of such resignation. Upon the appointment of a successor Issuing Bank and/or Swingline Lender,
(a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Issuing Bank or Swingline Lender, as the case may be, (b) the successor Issuing Bank shall issue letters of credit
in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements reasonably satisfactory to the retrieving Person to effectively assume the obligations of the resigning Person with respect to
such Letters of Credit, and (c) subject to the Swingline Facility Sublimit, such successor Swingline Lender shall have a Swingline Commitment in an amount agreed to between such Swingline Lender and the Borrower. 

SECTION 9.05 Survival. All covenants, agreements, representations and warranties made by the Borrower in the Loan Documents and in the
certificates or other instruments delivered in connection with or pursuant to any Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the
making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, the Issuing Bank or any Lender may have had notice or
knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount
payable under this Agreement is outstanding and unpaid (other than contingent amounts not yet due) or any Letter of Credit is outstanding or has not been cash collateralized on terms reasonably acceptable to the Issuing Bank and so long as the
Commitments have not expired or terminated. The provisions of Sections 2.13, 2.14, 2.15 and 9.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment
of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. 

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

SECTION 9.07 Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

  
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 SECTION 9.08 Right of Setoff. If an Event of Default shall have occurred and be
continuing, each Lender, the Issuing Bank and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or
demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, the Issuing Bank or any such Affiliate to or for the credit or the account of the Borrower against
any of and all the obligations of the Borrower now or hereafter existing under this Agreement held by such Lender or the Issuing Bank, irrespective of whether or not such Lender or the Issuing Bank shall have made any demand under this Agreement and
although such obligations may be unmatured or are owed to a branch or office of such Lender or Issuing Bank different from the branch or office holding such deposit or obligated on such Indebtedness. The applicable Lender and the Issuing Bank shall
notify the Borrower and the Administrative Agent of such setoff and application; provided that any failure to give or any delay in giving such notice shall not affect the validity of any such setoff and application under this Section. The
rights of each Lender, the Issuing Bank and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, the Issuing Bank and their respective Affiliates may have.

 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process. 

(a) This Agreement shall be construed in accordance with and governed by the law of the State of New York. 

(b) Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the 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 Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New
York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or
in any other manner provided by law. Nothing in any Loan Document shall affect any right that the Administrative Agent, the Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to any Loan Document against the
Borrower or its property in the courts of any jurisdiction. 
 (c) The Borrower hereby irrevocably and unconditionally waives, to the
fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to any Loan Document in any court referred to in paragraph
(b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01. Nothing
in any Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 9.10 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY RIGHT IT 

  
 -86- 

 
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED THEREBY (WHETHER BASED ON CONTRACT,
TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 9.11 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are
not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

SECTION 9.12 Confidentiality. Each of the Administrative Agent, the Lenders, the Issuing Bank, the Arrangers, the Joint Bookrunning
Managers, the Syndication Agents and the Documentation Agents agrees to maintain the confidentiality of the Information (as defined below) and neither use nor disclose such Information, except that Information may be used by such Person in
evaluating the credit worthiness of the Borrower or in providing financial services to Borrower or any of its Subsidiaries and may be disclosed, subject to the last paragraph of this Section and limitations set forth in this Agreement relating to
Public Lenders, (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and representatives on a need-to-know basis (it being understood that the Persons to whom such
disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested or demanded by any regulatory authority purporting to have jurisdiction over
it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process (in which case the Borrower will
be promptly notified (to the extent reasonably practicable and permitted by applicable law)), (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or
proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially consistent with or more restrictive than those of this
Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, (ii) any pledgee referred to in Section 9.04(d) or (iii) any actual or
prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its Obligations, (g) with the consent of the Borrower or (h) to the extent such Information (i) becomes publicly available
other than as a result of a breach of this Section or (ii) becomes available to the Administrative Agent, any Lender, the Issuing Bank or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower or any
of its Related Parties, which source is not known to such Administrative Agent, Lender, Issuing Bank or Affiliate thereof to be prohibited from disclosing such information by a legal, contractual or fiduciary obligation to the Borrower or any of its
Subsidiaries. 
 For purposes of this Section, “Information” means all information received from or on behalf of the
Borrower or any Subsidiary thereof relating to the Borrower or any Affiliate thereof or their respective businesses, other than any such information that is (i) available to the Administrative Agent, any Lender or the Issuing Bank on a
non-confidential basis prior to disclosure by or on behalf of the Borrower or any Subsidiary thereof, which source is not known to such Administrative Agent, Lender, Issuing Bank or Affiliate thereof to be prohibited from disclosing such information
by a legal, contractual or fiduciary obligation to the Borrower or any of its Subsidiaries or (ii) clearly marked “non-confidential.” Any 

  
 -87- 

 
Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same
degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 
 Each
of the Administrative Agent, the Lenders, the Issuing Bank, the Arrangers, the Joint Bookrunning Managers, the Syndication Agents and the Documentation Agents acknowledges that (a) the Information may include material non-public information
concerning the Borrower, its Affiliates or any of their respective securities, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material
non-public information in accordance with applicable law, including Federal and state securities laws. 
 SECTION 9.13 Interest Rate
Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan or participation in any LC Disbursement, together with all fees, charges and other amounts that are treated as interest on such
Loan or LC Disbursement or participation therein under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) that may be contracted for, charged, taken, received or
reserved by the Lender holding such Loan or LC Disbursement or participation therein 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 or LC Disbursement or participation therein 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 LC Disbursement or participation therein or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with
interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. 
 SECTION 9.14
USA Patriot Act. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), as amended (the “Patriot Act”), it is
required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender to identify the Borrower in accordance with the Act.
The Borrower shall, promptly following a written request by the Administrative Agent or any Lender through the Administrative Agent, provide all documentation and other information that the Administrative Agent or such Lender requires pursuant to
applicable Law or reasonably requests, in any such case, in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Act. 

SECTION 9.15 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby, the
Borrower acknowledges and agrees that: (i) the credit facilities provided for hereunder and any related arranging or other services in connection therewith (including in connection with any amendment, waiver or other modification hereof or of
any other Loan Document) are an arm’s-length commercial transaction between the Borrower and its Affiliates, on the one hand, and the Administrative Agent, the Arrangers, the Syndication Agents, the Documentation Agents and the Lenders, on the
other hand, and the Borrower is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents (including any amendment, waiver or other
modification hereof or thereof); (ii) in connection with the process leading to such transaction, the Administrative Agent, the Arrangers, the Syndication Agents, the Documentation Agents and the Lenders each is and has been acting solely as a
principal and is not the financial advisor, agent or fiduciary, for the Borrower or any of its Affiliates; (iii) none of the Administrative Agent, the Arrangers, the Syndication Agents, the Documentation Agents or the Lenders 

  
 -88- 

 
have assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Borrower with respect to any of the transactions contemplated hereby or the process leading thereto,
including with respect to any amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether the Administrative Agent, the Arrangers, the Syndication Agents, the Documentation Agents or the Lenders have advised
or are currently advising the Borrower or any of its Affiliates on other matters) and none of the Administrative Agent, the Arrangers, the Syndication Agents, the Documentation Agents or the Lenders has any obligation to the Borrower or any of its
Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; (iv) the Administrative Agent, each Arranger, each Syndication Agent, each Documentation Agent,
each Lender and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower and its Affiliates, and none of the Administrative Agent, the Arrangers, the Syndication
Agents, the Documentation Agents or the Lenders has any obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) the Administrative Agent, the Arrangers, the Syndication Agents, the
Documentation Agents and the Lenders have not provided and will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification hereof or
of any other Loan Document) and the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate. The Borrower hereby waives and releases, to the fullest extent permitted by law, any claims
that it may have against the Administrative Agent, each Arranger, each Syndication Agent, each Documentation Agent and each Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any
transaction contemplated hereby. 
 SECTION 9.16 Judgment Currency. If, for the purposes of obtaining judgment in any court, it is
necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the
first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or any Lender hereunder or under the other
Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement
Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent or such Lender, as the case may be, of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent or
such Lender, as the case may be, may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the
Administrative Agent or any Lender from the Borrower in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or such Lender, as the case may be, against
such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent or any Lender in such currency, the Administrative Agent or such Lender, as the case may be, agrees to return the
amount of any excess to the Borrower (or to any other Person who may be entitled thereto under applicable law). 
 SECTION 9.17
Electronic Execution of Assignments and Certain Other Documents. The words “execution,” “execute,” “signed,” “signature,” and words of like import in or related to any document to be signed in
connection with this Agreement and the transactions contemplated hereby (including without limitation Assignment and Assumptions, amendments or other Borrowing Requests, Swingline Loan Notices, waivers and consents) shall be deemed to include
electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect,
validity or enforceability as a manually executed signature or the use of a paper-based 

  
 -89- 

 
recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York
State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary the Administrative Agent is under no
obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it. 

  
 -90- 

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

					
	THE NASDAQ OMX GROUP, INC.
		
	By:	 	 /s/ Lee Shavel

		 	Name:	 	Lee Shavel
		 	Title:	 	Chief Financial Officer and Executive
		 		 	Vice President, Corporate Strategy

 [Signature Page to Credit Agreement] 

 
					
	BANK OF AMERICA, N.A., as Administrative Agent, a Lender, a Swingline Lender and Issuing Bank
		
	By:	 	 /s/ Sherman Wong

		 	Name:	 	Sherman Wong
		 	Title:	 	Director

 [Signature Page to Credit Agreement] 

 
					
	JPMORGAN CHASE BANK, N.A., as a Lender and a Swingline Lender
		
	By:	 	 /s/ Kyle K. Hall

		 	Name:	 	Kyle K. Hall
		 	Title:	 	Vice President

 [Signature Page to Credit Agreement] 

 
					
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender and a Swingline Lender
		
	By:	 	 /s/ Tracy Moosbrugger

		 	Name:	 	Tracy Moosbrugger
		 	Title:	 	Managing Director

 [Signature Page to Credit Agreement] 

 
					
	Mizuho Bank, Ltd., as a Lender
		
	By:	 	 /s/ David Lim

		 	Name:	 	David Lim
		 	Title:	 	Authorized Signatory

 [Signature Page to Credit Agreement] 

 
					
	NORDEA BANK FINLAND PLC, NEW YORK BRANCH, as a Lender
		
	By:	 	 /s/ Mogens R. Jensen

		 	Name:	 	Mogens R. Jensen
		 	Title:	 	Senior Vice President
		
	By:	 	 /s/ Lars Christian Eriksen

		 	Name:	 	Lars Christian Eriksen
		 	Title:	 	Vice President

 [Signature Page to Credit Agreement] 

 
					
	Skandinaviska Enskilda Banken AB (publ), as a Lender
		
	By:	 	 /s/ Penny Neville-Park

		 	Name:	 	Penny Neville-Park
		
	By:	 	 /s/ Duncan Nash

		 	Name:	 	Duncan Nash

 [Signature Page to Credit Agreement] 

 
					
	HSBC Bank USA, N.A., as a Lender
		
	By:	 	 /s/ Varun Gupta

		 	Name:	 	Varun Gupta
		 	Title:	 	Vice President

 [Signature Page to Credit Agreement] 

 
					
	TD BANK, N.A., as a Lender
		
	By:	 	 /s/ Craig Welch

		 	Name:	 	Craig Welch
		 	Title:	 	Senior Vice President

 [Signature Page to Credit Agreement] 

 
					
	Industrial and Commercial Bank of China Limited, New York Branch, as a Lender
		
	By:	 	 /s/ Qing Hong

		 	Name:	 	Mr. Qing Hong
		 	Title:	 	Deputy General Manager

 [Signature Page to Credit Agreement] 

 
					
	Svenska Handelsbanken AB (publ), as a Lender
		
	By:	 	 /s/ Jonas Almhojd

		 	Name:	 	Jonas Almhojd
		 	Title:	 	Senior Vice President
		
	By:	 	 /s/ Nancy D’Albert

		 	Name:	 	Nancy D’Albert
		 	Title:	 	Vice President

 [Signature Page to Credit Agreement] 

 Schedule 2.01 

Commitments 
 Revolving Commitments:

  

					
	 Lender
	  	Revolving Commitment	 
	 Bank of America, N.A.
	  	$	83,000,000.00	  
	 JPMorgan Chase Bank, N.A.
	  	$	83,000,000.00	  
	 Mizuho Bank, Ltd.
	  	$	83,000,000.00	  
	 Nordea Bank Finland Plc, New York Branch
	  	$	83,000,000.00	  
	 Skandinaviska Enskilda Banken AB (publ)
	  	$	83,000,000.00	  
	 Wells Fargo Bank, National Association
	  	$	83,000,000.00	  
	 HSBC Bank USA, N.A.
	  	$	63,000,000.00	  
	 TD Bank, N.A.
	  	$	63,000,000.00	  
	 Industrial and Commercial Bank of China Limited, New York Branch
	  	$	63,000,000.00	  
	 Svenska Handelsbanken AB (publ)
	  	$	63,000,000.00	  
		  	  
	  
	 
	 TOTAL
	  	$	750,000,000.00	  

 Swingline Commitments: 
  

					
	 Lender
	  	Swingline Commitment	 
	 Bank of America, N.A.
	  	$	66,666,666.67	  
	 JPMorgan Chase Bank, N.A.
	  	$	66,666,666.67	  
	 Wells Fargo Bank, National Association
	  	$	66,666,666.66	  
		  	  
	  
	 
	 TOTAL
	  	$	200,000,000.00	  

 Schedule 3.06 

Disclosed Matters 
 None. 

 Schedule 3.12 

Subsidiaries* 
  

			
	 Name
	  	 Ownership of Subsidiary by the Borrower

and each Subsidiary
 (Name of owner
and percentage owned)

	 Nasdaq Technology Services, LLC
	  	The NASDAQ OMX Group, Inc. (100%)
		
	 The NASDAQ Stock Market LLC
	  	The NASDAQ OMX Group, Inc. (100%)
		
	 The NASDAQ Options Market LLC
	  	The NASDAQ Stock Market LLC (100%)
		
	 Norway Acquisition LLC
	  	The NASDAQ Stock Market LLC (100%)
		
	 Nasdaq Execution Services, LLC
	  	Norway Acquisition LLC (100%)
		
	 NASDAQ Options Services, LLC
	  	Norway Acquisition LLC (100%)
		
	 Inet Futures Exchange, LLC
	  	Norway Acquisition LLC (100%)
		
	 NASDAQ OMX Corporate Solutions, Inc.
	  	The NASDAQ OMX Group, Inc. (100%)
		
	 Shareholder.com B.V.
	  	NASDAQ OMX Corporate Solutions, Inc. (100%)
		
	 GlobeNewswire, Inc.
	  	NASDAQ OMX Corporate Solutions, Inc. (100%)
		
	 Directors Desk, LLC
	  	NASDAQ OMX Corporate Solutions, Inc. (100%)
		
	 Nasdaq International Market Initiatives, Inc.
	  	The NASDAQ OMX Group, Inc. (100%)
		
	 Nasdaq International Ltd
	  	The NASDAQ OMX Group, Inc. (100%)
		
	 NASDAQ OMX (San Francisco) Insurance LLC
	  	The NASDAQ OMX Group, Inc. (100%)
		
	 Nasdaq Canada Inc.
	  	The NASDAQ OMX Group, Inc. (100%)
		
	 FINRA/NASDAQ Trade Reporting Facility LLC
	  	The NASDAQ OMX Group, Inc. (100%)
		
	 NASDAQ OMX Europe Ltd
	  	 The NASDAQ OMX Group, Inc. (75%),
 OMX AB
(25%)

		
	 NASDAQ OMX Information, LLC
	  	The NASDAQ OMX Group, Inc. (100%)
		
	 NASDAQ OMX BX, Inc.
	  	The NASDAQ OMX Group, Inc. (100%)
		
	 NASDAQ OMX BX Equities LLC
	  	 NASDAQ OMX BX, Inc. (53.21%),
 The NASDAQ OMX
Group, Inc. (46.79%)

		
	 Boston Stock Exchange Clearing Corporation
	  	NASDAQ OMX BX, Inc. (100%)
		
	 NASDAQ OMX PHLX LLC
	  	The NASDAQ OMX Group, Inc. (100%)
		
	 The Stock Clearing Corporation of Philadelphia
	  	NASDAQ OMX PHLX LLC (100%)
		
	 NASDAQ Futures, Inc.
	  	The NASDAQ OMX Group, Inc. (100%)

			
	NASDAQ Energy Futures, LLC	  	NASDAQ Futures, Inc. (100%)
		
	NASDAQ OMX Commodities Clearing LLC	  	The NASDAQ OMX Group, Inc. (100%)
		
	FTEN, Inc.	  	The NASDAQ OMX Group, Inc. (100%)
		
	Execution Access, LLC	  	FTEN, Inc. (100%)
		
	FTEN Europe Ltd	  	FTEN, Inc. (100%)
		
	FinQloud LLC	  	FTEN, Inc. (100%)
		
	Kleos Managed Services Holdings, LLC	  	FTEN, Inc. (100%)
		
	Kleos Managed Services, L.P.	  	 FTEN, Inc. (99%),
 Kleos Managed Services
Holdings, LLC (1%)

		
	NASDAQ OMX Corporate Solutions, LLC	  	The NASDAQ OMX Group, Inc. (100%)
		
	ExactEquity, LLC	  	The NASDAQ OMX Group, Inc. (100%)
		
	The NASDAQ Private Market, LLC	  	The NASDAQ OMX Group, Inc. (75%)
		
	NPM Securities, LLC	  	The NASDAQ Private Market, LLC (100%)
		
	Indxis Ltd	  	The NASDAQ OMX Group, Inc. (100%)
		
	NASDAQ OMX Event Technologies LLC	  	The NASDAQ OMX Group, Inc. (100%)
		
	Consolidated Securities Source LLC	  	The NASDAQ OMX Group, Inc. (100%)
		
	NASDAQ Global, Inc.	  	The NASDAQ OMX Group, Inc. (100%)
		
	NASDAQ OMX Corporate Solutions (India) Private Limited	  	 NASDAQ Global, Inc. (99%),
 NASDAQ OMX Corporate
Solutions, Inc. (1%)

		
	NASDAQ OMX Holding Luxembourg Sàrl	  	NASDAQ Global, Inc. (100%)
		
	NASDAQ OMX Holding AB	  	NASDAQ OMX Holding Luxembourg Sàrl (100%)
		
	OMX AB	  	NASDAQ OMX Holding AB, Finnish Branch (100%)
		
	OMX Technology AB	  	 OMX AB
 (100%)

		
	OMX Technology Canada Inc.	  	 OMX Technology AB
 (100%)

		
	OMX Technology (UK) Ltd	  	 OMX Technology AB
 (100%)

		
	OMX Technology Ltd	  	OMX Technology (UK) Ltd (100%)
		
	OMX Ltd	  	 OMX Technology AB
 (100%)

		
	OMX Technology Japan Ltd	  	 OMX Ltd
 (100%)

		
	OMX Pty Ltd	  	 OMX Technology AB
 (100%)

			
	OMX Technology Italy Srl	  	 OMX Technology AB
 (100%)

		
	OMX Technology Energy Systems AS	  	 OMX Technology AB
 (100%)

		
	Hugin AS	  	OMX Technology Energy Systems AS (100%)
		
	NASDAQ OMX (South East Asia & Pacific) Pte. Ltd.	  	 OMX Technology AB
 (100%)

		
	OM Technology (US) Inc.	  	The NASDAQ OMX Group, Inc. (100%)
		
	OMX (US) Inc.	  	OM Technology (US) Inc. (100%)
		
	NASDAQ OMX Broker Services AB	  	 OMX Technology AB
 (100%)

		
	NASDAQ OMX Exchange and Clearing Services AB	  	 OMX Technology AB
 (100%)

		
	NASDAQ OMX Corporate Solutions International Limited	  	 OMX Technology AB
 (100%)

		
	NASDAQ OMX Korea Ltd.	  	NASDAQ OMX Corporate Solutions International Limited (100%)
		
	NASDAQ OMX Germany GmbH	  	NASDAQ OMX Corporate Solutions International Limited (100%)
		
	NASDAQ OMX France SAS	  	 OMX Technology AB
 (100%)

		
	NASDAQ OMX Nordic Ltd	  	 OMX AB
 (100%)

		
	NASDAQ OMX Stockholm AB	  	NASDAQ OMX Nordic Ltd (100%)
		
	NASDAQ OMX Clearing AB	  	NASDAQ OMX Nordic Ltd (100%)
		
	Clearing Control CC AB	  	 NASDAQ OMX Clearing AB
 (50 %)

		
	NASDAQ OMX Tallinn AS	  	NASDAQ OMX Nordic Ltd (100%)
		
	AS Eesti Väärtpaberikeskus (Estorian CSD)	  	NASDAQ OMX Tallinn AS (100%)
		
	AS eCSD Expert	  	NASDAQ OMX Tallinn AS (100%)
		
	NASDAQ OMX Riga, AS	  	NASDAQ OMX Nordic Ltd (92.98%)
		
	AS Latvijas Centralais depozitarijs	  	 NASDAQ OMX Riga, AS
 (100%)

		
	NASDAQ OMX Helsinki Ltd	  	NASDAQ OMX Nordic Ltd (100%)
		
	AB NASDAQ OMX Vilnius	  	NASDAQ OMX Helsinki Ltd (96.35%)
		
	Lithuanian Central Securities Depository	  	 NASDAQ OMX Helsinki Ltd (92%),
 AB NASDAQ OMX
Vilnius (8%)

		
	NASDAQ OMX Holding Denmark A/S	  	NASDAQ OMX Nordic Ltd (100%)
		
	NASDAQ OMX Copenhagen A/S	  	NASDAQ OMX Holding Denmark A/S (100%)
		
	Eignarhaldsfelagid Verdbrefathing hf.	  	 NASDAQ OMX Nordic Ltd (99.9%),
 OMX AB
(0.1%)

			
	NASDAQ OMX Iceland hf.	  	 Eignarhaldsfelagid Verdbrefathing hf.

(100%)

		
	Verdbrefaskraning Islands hf.	  	 Eignarhaldsfelagid Verdbrefathing hf.

(100%)

		
	NASDAQ OMX Oslo ASA	  	NASDAQ OMX Nordic Ltd (100%)
		
	OMX Netherlands Holding B.V.	  	 OMX AB
 (100%)

		
	OMX Netherlands B.V.	  	 OMX Netherlands Holding B.V.

(100%)

		
	OMX Treasury AB	  	 OMX Netherlands B.V.
 (100%)

		
	OMX Treasury Euro Holding AB	  	 OMX Treasury AB
 (100%)

		
	OMX Treasury Euro AB	  	 OMX Treasury Euro Holding AB

(99.9%)

		
	“NASDAQ OMX Armenia” Open Joint Stock Company	  	 OMX AB
 (100%)

		
	“Central Depository of Armenia” Open Joint Stock Company	  	“NASDAQ OMX Armenia” Open Joint Stock Company (100%)
		
	NASDAQ OMX NLX Ltd	  	 OMX AB
 (100%)

		
	NASDAQ OMX Australia Holding Pty Ltd	  	 OMX Technology AB
 (100%)

		
	SMARTS Group Holdings Pty Ltd	  	NASDAQ OMX Australia Holding Pty Ltd (100%)
		
	SMARTS Market Surveillance Pty Ltd	  	SMARTS Group Holdings Pty Ltd (100%)
		
	SMARTS Group Europe Ltd	  	SMARTS Market Surveillance Pty Ltd (100%)
		
	SMARTS (Asia) Ltd	  	SMARTS Market Surveillance Pty Ltd (100%)
		
	SMARTS Broker Compliance Pty Ltd	  	SMARTS Group Holdings Pty Ltd (100%)
		
	Bwise Beheer B.V.	  	 OMX Netherlands Holding B.V.

(100%)

		
	Bwise Holding B.V.	  	Bwise Beheer B.V. (100%)
		
	BWise B.V.	  	Bwise Holding B.V. (100%)
		
	BWise Development B.V.	  	Bwise Holding B.V. (100%)
		
	Bwise U.K. Ltd	  	Bwise Holding B.V. (100%)
		
	Bwise Germany GmbH	  	Bwise Holding B.V. (100%)
		
	Bwise Internal Control Inc.	  	Bwise Holding B.V. (100%)
		
	NASDAQ OMX Teknoloji Servisi Limited Sirketi	  	 OMX Technology AB
 (100%)

  

	*	This list does not include branches of any of the subsidiaries. 

 Schedule 6.02 

Existing Liens 
 None. 

 Schedule 6.07 

Agreements with Affiliates 
 None. 

 Schedule 9.01 

Administrative Agent’s Office 

Administrative Agent’s Office  
 (for
payments and Requests for Credit Extensions): 
 Bank of America, N.A. 

101 N. Tryon Street 
 Mail Code: NC1-001 05-46 

Charlotte, NC 28255-0001 
 Attention: Renee M. Blackmore 

Telephone: 980-387-2484 
 Telecopier: 704-409-0024 

Electronic Mail: renee.m.blackmore@baml.com 
 Account
No.: 1366212250600 
 Ref: The Nasdaq OMX Group, Inc. 

ABA# 026009593 
 Other Notices as Administrative
Agent: 
 Bank of America, N.A. 
 Agency Management 

901 Main Street 
 Mail Code: TX1-492-14-11 

Dallas, TX 75202-3714 
 Attention: Ronaldo Naval 

Telephone: 214-209-1162 
 Telecopier: 877-511-6124 

Electronic Mail: ronaldo.naval@baml.com 
 L/C
Issuer: 
 Bank of America, N.A. 
 Trade Operations 

1 Fleet Way 
 Mail Code: PA6-580-02-30 

Scranton, PA 18507 
 Attention: Alfonso Malave Jr. 

Telephone: 570-496-9619 
 Telecopier: 800-755-8740 

Electronic Mail: tradeclientserviceteamus@baml.com 

 EXHIBIT A 

FORM OF ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the date set forth below (the
“Effective Date”) and is entered into by and between the Assignor (as defined below) and the Assignee (as defined below). Capitalized terms used in this Assignment and Assumption and not otherwise defined herein have the meanings
specified in the Credit Agreement dated as of November 24, 2014 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among The NASDAQ OMX Group, Inc., the lenders from time to time party
thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, a Swingline Lender and Issuing Bank. The Standard Terms and Conditions set forth in Annex 1 attached hereto (the “Standard Terms”) are hereby
agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an
agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and the Credit Agreement, as
of the Effective Date inserted by the Administrative Agent as contemplated below (a) all the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant
thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the facilities identified below (including any Letters of Credit or Swingline Loans included
in such facilities) and (b) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising
under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort
claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (a) above (the rights and obligations sold and assigned pursuant to clauses
(a) and (b) above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without
representation or warranty by the Assignor. 

 Assignor (the “Assignor”): 

Assignee (the “Assignee”): 
  

	 	(a)	Assignee is an Affiliate of: [     ] 

  

	 	(b)	Assignee is an Approved Fund administered or managed by: [     ] 

Borrower: THE NASDAQ OMX GROUP, INC. 

Administrative Agent: BANK OF AMERICA, N.A. 

Assigned Interest: 
  

									
	 Facility Assigned
	  	Aggregate Amount of
Commitment/Loans for
all Lenders	 	  	Aggregate Amount of
Commitment/Loans
Assigned	 
	 Revolving Commitment and Revolving Loan
	  	$	750,000,000	  	  	$	[            	]1 

 Effective Date:
[                    ], 20[    ]. 
  

 

	1 	Except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, or an assignment of the entire remaining amount of the Assignor’s Commitment or Loans, the amount of the Commitment or
Loans of the Assignor subject to an assignment shall not be less than $2,500,000, unless the Borrower and the Administrative Agent otherwise consent (provided no such consent of the Borrower shall be required if an Event of Default has
occurred and is continuing). 

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

 

	
	 [ASSIGNOR]

	
	  

	         by

	  

	             Name:

	            Title:
	
	 [ASSIGNEE]

	  

	         by

	  

	             Name:

	            Title:

 Consented to and Accepted: 
  

	
	BANK OF AMERICA, N.A., as Administrative Agent,
	  

	         by

	  

	             Name:

	            Title:

 [Consented to:]2 

 

	
	THE NASDAQ OMX GROUP, INC.
	  

	         by:

	  

	             Name:

	            Title:

  

	2 	To the extent required by the Credit Agreement 

 STANDARD TERMS AND CONDITIONS 

FOR ASSIGNMENT AND ASSUMPTION 

I. Representations and Warranties. 

A. Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest,
(ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to
consummate the transactions contemplated hereby, and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document,
(ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any Subsidiary or Affiliates or any other Person
obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any Subsidiary or Affiliates or any other Person of any of their respective obligations under any Loan Document. 

B. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit
Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to
the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 5.01 of
the Credit Agreement, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has
made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (v) if it is a Foreign Lender, attached to this Assignment and Assumption is any documentation required to be delivered by
it pursuant to Section 2.15(e) of the Credit Agreement, duly completed and executed by the Assignee, and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender,
and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all
of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 
 II. Payments. From and
after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the
Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. 
 III. General Provisions. This
Assignment and Assumption shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by facsimile or other
electronic transmission shall be as effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be construed in accordance with and governed by the law of the State of New York.

 EXHIBIT B-1 

FORM OF BORROWING NOTICE 

Date:                     ,
         
 To:     Bank of America, N.A., as Administrative Agent 

Ladies and Gentlemen: 

Reference is made to that certain Credit Agreement, dated as of November 24, 2014 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among The NASDAQ OMX Group, Inc., a Delaware corporation (the “Borrower”), the
Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, a Swingline Lender and Issuing Bank. 
  

							
		  	The undersigned hereby requests (select one):
		
		  	 ̈ A Borrowing of Revolving Loans
		
		  	 ̈ A conversion or continuation of Revolving Loans
				
		  		  	        1.	  	On
                                         
                                    (a Business Day).
				
		  		  	        2.	  	In the amount of
$                                         
       
				
		  		  	        3.	  	Comprised of
                                         
                                       
		  		  		  	                                      
                      [Type of Loan requested]
				
		  		  	        4.	  	Currency of
                                         
                               
				
		  		  	        5.	  	For Eurocurrency Rate Loans: with an Interest Period of                  months.

 The Borrowing requested herein complies with the first sentence of Section 2.01 of the Agreement.

 [The Borrower hereby represents and warrants that the conditions specified in Sections 4.02(a)
and (b) shall be satisfied on and as of the date of the applicable credit extension.]3 
  

			
	THE NASDAQ OMX GROUP, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

	3 	Applicable only for a Borrowing of Revolving Loans. 

 EXHIBIT B-2 

FORM OF SWINGLINE LOAN NOTICE 

Date: [                    ],
20[     ] 
 To:     Bank of America, N.A., as Administrative Agent 

Ladies and Gentlemen: 

Reference is made to that certain Credit Agreement, dated as of November 24, 2014 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among The NASDAQ OMX Group, Inc., a Delaware corporation (the “Borrower”), the
Lenders from time to time party thereto, Bank of America, N.A., as Administrative Agent, a Swingline Lender and Issuing Bank. 
 The
undersigned hereby requests a Swingline Loan: 
  

	 	1.	On [add date] (a Business Day). 

  

	 	2.	In the amount of $[            ] 

The Swingline Loan requested herein complies with the first sentence of Section 2.04(a) of the Agreement. 

The Borrower hereby represents and warrants that the conditions specified in Sections 4.02(a) and (b) shall be satisfied on and as
of the date of the Swingline Loan. 
  

			
	THE NASDAQ OMX GROUP, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 EXHIBIT C-1 

FORM OF 
 UNITED STATES TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the credit agreement dated as of November 24, 2014 among The NASDAQ OMX Group, Inc., a Delaware corporation,
as borrower (the “Borrower”), the Lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent, a Swingline Lender and Issuing Bank (the “Credit Agreement”). 

Pursuant to the provisions of Section 2.15(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a “bank” within the meaning of Section 881(c)(3)(A) of the Internal
Revenue Code of 1986, as amended (the “Code”), (iii) it is not a “10-percent shareholder” of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, (iv) it is not a “controlled foreign
corporation” related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (v) the interest payments in question are not effectively connected with the undersigned’s conduct of a U.S. trade or business. 

The undersigned has furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. person status on Internal Revenue
Service Form W-8BEN or Form W-8BEN-E, as applicable. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the
Administrative Agent and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be
made to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined
in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 [NAME OF LENDER] 

 

			
	 By:
	 	
		 	 Name:

		 	 Title:

 Date:             ,
        , 20[     ] 

 EXHIBIT C-2 

FORM OF 
 UNITED STATES TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the credit agreement dated as of November 24, 2014 among The NASDAQ OMX Group, Inc., a Delaware corporation,
as borrower (the “Borrower”), the Lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent, a Swingline Lender and Issuing Bank (the “Credit Agreement”). 

Pursuant to the provisions of Section 2.15(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such
Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its partners/members claiming the portfolio interest exemption (“applicable
partners/members”) is a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the “Code”), (iv) none of its applicable partners/members is a “10-percent
shareholder” of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, (v) none of its applicable partners/members is a “controlled foreign corporation” related to the Borrower as described in
Section 881(c)(3)(C) of the Code, and (vi) the interest payments in question are not effectively connected with the undersigned’s or its applicable partners/members’ conduct of a U.S. trade or business. 

The undersigned has furnished the Administrative Agent and the Borrower with Internal Revenue Service Form W-8IMY accompanied by an Internal
Revenue Service Form W-8BEN or Form W-8BEN-E, as applicable, from each of its applicable partners/members. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned
shall promptly so inform the Borrower and the Administrative Agent and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the
calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
 [NAME OF LENDER] 
  

			
	 By:
	 	
		 	 Name:

		 	 Title:

 Date:             ,
        , 20[     ] 

 EXHIBIT C-3 

FORM OF 
 UNITED STATES TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the credit agreement dated as of November 24, 2014 among The NASDAQ OMX Group, Inc., a Delaware corporation,
as borrower (the “Borrower”), the Lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent, a Swingline Lender and Issuing Bank (the “Credit Agreement”). 

Pursuant to the provisions of Section 2.15(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the
“Code”), (iii) it is not a “10-percent shareholder” of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, (iv) it is not a “controlled foreign corporation” related to the Borrower as
described in Section 881(c)(3)(C) of the Code, and (v) the interest payments in question are not effectively connected with the undersigned’s conduct of a U.S. trade or business. 

The undersigned has furnished its participating Foreign Lender with a certificate of its non-U.S. person status on Internal Revenue Service
Form W-8BEN or Form W-8BEN-E, as applicable. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Foreign Lender in writing
(2) the undersigned shall have at all times furnished such Foreign Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two
calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have
the meanings given to them in the Credit Agreement. 
 [NAME OF PARTICIPANT] 
  

			
	By:	 	
		 	Name:
		 	Title:

 Date:             ,
        , 20[     ] 

 EXHIBIT C-4 

FORM OF 
 UNITED STATES TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the credit agreement dated as of November 24, 2014 among The NASDAQ OMX Group, Inc., a Delaware corporation,
as borrower (the “Borrower”), the Lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent, a Swingline Lender and Issuing Bank (the “Credit Agreement”). 

Pursuant to the provisions of Section 2.15(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record owner of the participation in respect of which it is providing this certificate, (ii) its partners/members are the sole beneficial owners of such participation, (iii) with respect to such participation, neither the undersigned nor
any of its partners/members claiming the portfolio interest exemption (“applicable partners/members”) is a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the
“Code”), (iv) none of its applicable partners/members is a “10-percent shareholder” of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, (v) none of its applicable partners/members is a
“controlled foreign corporation” related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (vi) the interest payments in question are not effectively connected with the undersigned’s or its applicable
partners/members’ conduct of a U.S. trade or business. 
 The undersigned has furnished its participating Foreign Lender with Internal
Revenue Service Form W-8IMY accompanied by an Internal Revenue Service Form W-8BEN or Form W-8BEN-E, as applicable from each of its applicable partners/members. By executing this certificate, the undersigned agrees that (1) if the information
provided on this certificate changes, the undersigned shall promptly so inform such Foreign Lender and (2) the undersigned shall have at all times furnished such Foreign Lender with a properly completed and currently effective certificate in
either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
 [NAME OF PARTICIPANT] 
  

			
	By:	 	
		 	Name:
		 	Title:

 Date:             ,
        , 20[     ]Exhibit 10.1

 

REAL ESTATE PURCHASE AND SALE AGREEMENT

BETWEEN

TCG INDUSTRIAL THUNDERBIRD LLC, TCG
INDUSTRIAL MOSTELLER LLC AND TCG INDUSTRIAL EMPIRE LLC

AND

PLYMOUTH INDUSTRIAL REIT INC.

CONCERNING PROPERTY COMMONLY

KNOWN AS 4115 THUNDERBIRD LANE, FAIRFIELD,
OHIO, 11540-11630 MOSTELLER ROAD, SHARONVILLE, OHIO AND 7585 EMPIRE DRIVE, FLORENCE, KENTUCKY

 

    	 

    	 

    

Table
of Contents

 

	 	 	Page
	 	 	 
	Article 1	Definitions	1
	Section 1.1	Definitions	1
	Article 2	Agreement; Purchase Price	10
	Section 2.1	Agreement to Sell and Purchase	10
	Section 2.2	Purchase Price	10
	Article 3	Deposit	10
	Section 3.1	Deposit	10
	Article 4	Survey and Title Commitment	10
	Section 4.1	Title and Survey	10
	Article 5	Inspection, Audit and Financing	12
	Section 5.1	Access	12
	Section 5.2	Study Period	13
	Section 5.3	Confidentiality	13
	Section 5.4	Reporting	13
	Section 5.5	Assumption of Contracts	14
	Article 6	Conditions Precedent, Casualty Damage or Condemnation	14
	Section 6.1	Conditions Precedent Favoring Purchaser	14
	Section 6.2	Conditions Precedent Favoring Seller	14
	Section 6.3	Risk of Loss	15
	Section 6.4	Condemnation	15
	Section 6.5	Allocation of Casualty and Condemnation Proceeds	16
	Section 6.6	Leasing & Other Activities Prior to Closing	17
	Article 7	Representations, Warranties and Covenants	18
	Section 7.1	Purchaser’s Representations, Warranties and Covenants	18
	Section 7.2	Seller Representations	23
	Section 7.3	Seller’s Knowledge	25
	Section 7.4	Anti-Sandbagging	26
	Article 8	Closing	26
	Section 8.1	Closing Date	26
	Section 8.2	Seller’s Deliveries	26
	Section 8.3	Purchaser’s Deliveries	27
	Section 8.4	Costs and Prorations.	28
	Section 8.5	Tenant Notices	33
	Article 9	Real Estate Commission	33
	Section 9.1	Commissions	33

    	i

    	 

    

 

	Article 10	Termination and Default	33
	Section 10.1	Termination without Default	33
	Section 10.2	Purchaser’s Default	34
	Section 10.3	Seller’s Default	35
	Section 10.4	Breach of Representations	35
	Article 11	Miscellaneous	36
	Section 11.1	Entire Agreement	36
	Section 11.2	Binding On Successors and Assigns	36
	Section 11.3	Assignment by Purchaser	36
	Section 11.4	Waiver	36
	Section 11.5	Governing Law	36
	Section 11.6	Counterparts	37
	Section 11.7	Notices	37
	Section 11.8	Attorneys’ Fees	38
	Section 11.9	IRS Real Estate Sales Reporting	39
	Section 11.10	Time Periods	39
	Section 11.11	Modification of Agreement	39
	Section 11.12	Further Instruments	39
	Section 11.13	Descriptive Headings; Word Meaning	39
	Section 11.14	Time of the Essence	39
	Section 11.15	Construction of Agreement	39
	Section 11.16	Limitations on Liability	40
	Section 11.17	Severability	40
	Section 11.18	No Recording	40
	Section 11.19	No Implied Agreement	41
	Section 11.20	Facsimile Signatures	41
	Section 11.21	Escrow Provisions	41
	Section 11.22	Press Releases	42

 

    	ii

    	 

    

Exhibits

	Exhibit A	-	Description of the Land
	Exhibit B	-	Intentionally Omitted
	Exhibit C	-	Lease Schedule
	Exhibit D	-	Intentionally Omitted
	Exhibit E	-	List of Contracts
	Exhibit F	-	Form of Deed
	Exhibit G	-	Form of Bill of Sale and General Assignment
	Exhibit H	-	Form of Assignment and Assumption Agreement
	Exhibit I	-	Representation Certificate
	Exhibit J	-	Form of Owner’s Title Affidavit 

 

 

 

    	iii

    	 

    

REAL ESTATE PURCHASE AND SALE
AGREEMENT

THIS REAL ESTATE
PURCHASE AND SALE AGREEMENT is entered into as of the Effective Date (defined below) by and between TCG Industrial Thunderbird
LLC, TCG Industrial Empire LLC and TCG Industrial Mosteller LLC, each a Delaware limited liability (each a “Seller”
and collectively, the “Seller”), and Plymouth Industrial REIT Inc., a Maryland corporation (the “Purchaser”),
and joined in for the limited purposes set forth herein by Commonwealth Land Title Insurance Company, as escrow agent.

In consideration
of the mutual promises hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

Article
1

Definitions

Section
1.1     Definitions. For purposes of this Agreement, capitalized terms not otherwise defined herein
have the meanings set forth below:

“Agreement”
means this Real Estate Purchase and Sale Agreement, including all Exhibits and Schedules hereto, as the same may be amended from
time to time in accordance with the terms hereof.

“Anti-Money
Laundering and Anti-Terrorism Laws” shall have the meaning set forth in Section 7.1(l).

“Assignment
and Assumption Agreement” shall mean an Assignment and Assumption Agreement substantially in the form attached hereto
as Exhibit H.

“Bill of
Sale” shall mean a bill of sale and general assignment substantially in the form attached hereto as Exhibit G.

“Business
Day” shall mean any day of the week other than (i) Saturday and Sunday, (ii) a day on which banking institutions in Boston,
Massachusetts or any city in which the Real Property is located are obligated or authorized by law or executive action to be closed
to the transaction of normal (and non-automated) banking business, and (iii) a day on which governmental functions in Boston, Massachusetts
or any city in which the Real Property is located are interrupted because of extraordinary events such as hurricanes, blizzards,
power outages or acts of terrorism.

“Claim
Cap” shall have the meaning set forth in Section 10.4.

“Closing”
shall mean the consummation of the purchase and sale of the Property pursuant to the terms of this Agreement.

    	1

    	 

    

 

“Closing
Date” shall mean November 25, 2014 (or such earlier date as the parties may agree), as such date may be extended in accordance
with Section 6.1(b).

“Closing
Statement” shall have the meaning set forth in Section 8.4(k).

“Code”
shall mean the Internal Revenue Code of 1986, and all amendments thereto and all regulations issued thereunder.

“Confidential
Information” shall mean (a) all documents, studies, reports, test results, brochures, offering materials, photographs,
leases, lease guarantees, rent rolls, surveys, title reports and commitments, legal documents, financial information, computer
output and other materials and information relating to the Property, the Leases, the Seller Parties and/or the Tenants and all
analyses, compilations, forecasts, projections and other documents prepared based upon such materials and information, any and
all proposals made in connection with a potential sale of the Property (including any proposals involving a price for the Property),
whether the same are in electronic, pictorial, written or other form and (b) this Agreement, the terms hereof and any information
contained herein or otherwise provided to Purchaser concerning the identity of the direct or indirect beneficial owners of Seller;
provided, however that the term “Confidential Information” shall not include any information that (i) is in
Purchaser’s possession before the Effective Date (and not obtained from Seller or a party acting on Seller’s behalf),
(ii) is or becomes generally available to the public other than as a result of disclosure by Purchaser or its agent, representative
or affiliate in breach of this Agreement, (iii) is independently developed by Purchaser without reference to any information that
is provided to Purchaser by or on behalf of Seller or (iv) is or becomes available to Purchaser from a source that is not, to Purchaser’s
knowledge, bound by a duty of confidentiality to Seller or any other Seller Party.

“Contracts”
shall mean all service, maintenance, landscaping, telecommunications, cable, internet service, laundry, management, leasing, and
other similar contracts affecting the Land or the Improvements, a list of which as of the Effective Date is set forth in Exhibit E,
and any other contracts entered into by Seller after the Effective Date in accordance with the terms of this Agreement, including
in each case all amendments, extensions, modifications and supplements thereto; provided, however, that the term “Contracts”
shall not include the Leases.

“Covenant
Not to Sue” shall have the meaning set forth in Section 7.1(d). 

“Deed”
shall mean a limited warranty deed (for the Real Property located in the State of Ohio) and a special warranty deed (for the Real
Property located in the Commonwealth of Kentucky) each substantially in the form attached hereto as Exhibit F.

“Delinquent
Rent” shall mean any of the Rents or other amounts that, under the terms of the applicable Lease, are to be paid by the
Tenants on or prior to the Closing Date, but which have not been received in good funds by Seller on or prior to the Closing Date.

“Deposit”
shall have the meaning set forth in Section 3.1.

“Designated
Seller Representative” shall mean David Pizzotti and Peter Walter.

    	2

    	 

    

 

“Documents”
shall mean all documents, studies, reports and other information applicable to the Property or any portion thereof and obtained
by or made available to Purchaser or its attorneys or agents prior to Closing, including title policies, pro-formas or commitments,
title exception documents, litigation and lien searches, surveys, Leases, operating and financial statements, accounting reports,
lease schedules, rent rolls, delinquency reports, estoppel certificates, environmental, engineering and soils reports, site and
architectural plans, Contracts, inspection or maintenance reports, permits and approvals, and the Offering Memorandum.

“Dollars”
and the sign “$” mean the lawful money of the United States of America.

“Effective
Date” means November 21, 2014.

“ERISA”
shall mean the Employee Retirement Income Security Act of 1974, as amended, and all regulations issued thereunder.

“Escrow
Agent” shall mean the Title Company, acting in its capacity as escrow agent for the transactions contemplated by this
Agreement.

“Excluded
Items” shall mean: (a) materials relating to the marketing efforts for the sale of the Property, including communications
and agreements with other potential purchasers; (b) projections and other internal memoranda or materials; (c)  submissions
relating to the obtaining of internal authorizations (d) attorney and accountant work product and all other materials subject
to any legal privilege in favor of Seller; (e) organizational documents of the Seller Parties and any agreements and communications
between Seller and any affiliate or advisor of Seller; and (h) the personal property located in the on-site management office
or elsewhere (including without limitation on the website for the Property) used by the current property manager for the Property
and not owned by Seller.

“Executive
Order” shall have the meaning set forth in Section 7.1(l).

“Government
List” shall mean any of (i) the lists maintained by the United States Department of Commerce (Denied Persons and Entities),
(ii) the list maintained by the United States Department of Treasury (Specially Designated Nationals and Blocked Persons), and
(iii) the lists maintained by the United States Department of State (Terrorist Organizations and Debarred Parties).

“Hazardous
Materials” shall mean any substance which is or contains: (i) any “hazardous substance” as now or hereafter
defined in the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended (42 U.S.C. Section 9601
“et seq.”) or any regulations promulgated thereunder (“CERCLA”); (ii) any “hazardous
waste” as now or hereafter defined in the Resource Conservation and Recovery Act (42 U.S.C. Section 6901 et seq.)
or regulations promulgated thereunder; (iii) any substance regulated by the Toxic Substances Control Act (15 U.S.C. Section 2601
et seq.) or Clean Water Act (33 U.S.C. Section 1251 et seq.); (iv) petroleum, petroleum products and by-products including
gasoline, diesel fuel or other petroleum hydrocarbons; (v) asbestos and asbestos-containing materials, in any form, whether
friable or nonfriable; (vi) polychlorinated biphenyls; (vii) radon gas; (viii) mold, mildew, fungus or other potentially
dangerous organisms; (ix) any putrescible or nonputrescible solid, semisolid, liquid or gaseous waste of any type; and (x) any
additional

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substances or materials
which are now or hereafter classified or considered to be hazardous or toxic under any laws, ordinances, statutes, codes, rules,
regulations, agreements, judgments, orders and decrees now or hereafter enacted, promulgated, or amended, of the United States,
the states, the counties, the cities or any other political subdivisions in which the Real Property is located and any other political
subdivision, agency or instrumentality exercising jurisdiction over the owner of the Real Property, the Real Property or the use
of the Real Property relating to pollution, the protection or regulation of human health, natural resources or the environment,
or the emission, discharge, release or threatened release of pollutants, contaminants, chemicals or industrial, toxic or hazardous
substances or waste into the environment (including indoor or ambient air, surface water, ground water, land, soil or subsurface
strata).

“Improvements”
shall mean all buildings, structures and other improvements situated upon the Land and any fixtures, systems and facilities owned
by Seller and located on the Land.

“Intangible
Property” shall mean all of Seller’s right, title and interest, if any, in all intangible assets relating to the
Land, Improvements or Personal Property, including all of Seller’s right, title and interest, if any, in all (a) warranties
and guaranties relating to the Land, Improvements or Personal Property, (b) all licenses, permits and approvals relating to the
Land, Improvements or Personal Property, (c) all logos and tradenames relating to the Land, Improvements or Personal Property,
(d) all contract rights, and (e) all plans and specifications relating to the Land, Improvements or Personal Property, in each
case to the extent that Seller may legally transfer the same; provided, however, that the term “Intangible Property”
shall not include the name “Trident” or any variations or derivations thereof, whether alone or in combination with
one or more other words.

“Land”
shall mean the land described on Exhibit A attached hereto, together with all privileges, rights, easements and appurtenances
belonging to such land and all right, title and interest (if any) of Seller in and to any streets, alleys, passages or other rights-of-way
or appurtenances included in, adjacent to or used in connection with such land and all right, title and interest (if any) of Seller
in all mineral rights appurtenant to such land.

“Lease
Expenses” shall mean all tenant improvement allowances and costs of improvement work required to be provided or performed
by the landlord under the Leases, together with all brokerage commissions, legal fees, moving expenses, design expenses and other
third party costs incurred by Seller in connection with the negotiation or execution of the Leases and/or the performance of the
landlord’s obligations thereunder; provided, however, that “Lease Expenses” shall not include loss of income
resulting from any free rental period (it being agreed that Seller shall bear such loss resulting from any free rental period with
respect to the period prior to the Closing and that Purchaser shall bear such loss with respect to the period from and after the
Closing).

“Lease
Proposal Notice” shall mean a written notice from Seller to Purchaser in accordance with Section 6.6(a) that:
(a) identifies a Tenant or proposed Tenant; (b) contains a term sheet, letter of intent or other description of the material
business terms of a proposed Lease Transaction; and (c) contains any relevant financial information about the Tenant or proposed
Tenant that is in Seller’s possession or control.

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“Lease
Schedule” shall mean schedule of leases attached hereto as Exhibit C.

“Lease
Transaction” shall mean any of the following actions by Seller with respect to any Lease (or proposed Lease): (a) the
execution of any new Lease; (b) the renewal or material modification of any Lease (other than the Lease with Prime Logistics);
or (c) the termination of any Lease (other than the Lease with Prime Logistics) other than on account of a default by the applicable
tenant thereunder.

“Leases”
shall mean all leases, including all amendments, extensions, modifications and supplements thereto, pursuant to which any Person
uses or occupies any part of the Real Property.

“Material
Adverse Effect” shall mean an effect, event, development or change first occurring on or after the Effective Date that,
individually or in the aggregate with all other effects, events, developments or changes first occurring on or after the Effective
Date, is materially adverse to the value, carry costs, insurability, business, results of operations or financial or physical condition
of the Property, taken as a whole, other than any effect, event, development or change arising out of or resulting from (a) changes
in conditions in the U.S. or global economy or capital or financial markets generally, including changes in interest or exchange
rates, (b) changes in general legal, tax, regulatory, political or business conditions that, in each case, generally affect the
geographic region the Property is located in or the commercial real estate industry, (c) changes in tax or accounting rules or
principles, (d) the negotiation, execution, announcement or performance of this Agreement or the transactions contemplated hereby
or the consummation of the transactions contemplated by this Agreement, including the impact thereof on relationships, contractual
or otherwise, with tenants, suppliers, lenders, investors, venture partners or employees, (e) acts of war, armed hostilities, sabotage
or terrorism, or any escalation or worsening of any such acts of war, armed hostilities, sabotage or terrorism threatened or underway
as of the Effective Date (unless, and only to the extent, such effect, event, development or change affects the Property in a disproportionate
manner as compared to other properties in the geographic regions affected by such effect, event, development or change), (f) earthquakes,
hurricanes or other natural disasters (unless, and only to the extent, such effect, event, development or change affects the Property
in a disproportionate manner as compared to other properties in such geographic region affected by such effect, event, development
or change), or (g) any action taken by Seller at the request or with the prior, written consent of the Purchaser.

“Material
Casualty” shall have the meaning set forth in Section 6.3.

“Material
Contracts” means all Contracts other than those Contracts that: (i) are terminable on thirty (30) days’ or less
notice without cost or penalty, (ii) do not require the payment of more than $100,000 in any calendar year or (iii) will terminate
on or before the Closing at no cost or liability to Purchaser.

“Operating
Expense Pass-Throughs” shall have the meaning set forth in Section 8.4(e).

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“Partial
Closing” means a Closing permitted under the provisions of this Agreement with respect to less than all of the Property.
In the case of a Partial Closing all of the provisions of this Agreement shall apply with respect to the Property that is to be
purchased in connection with such Partial Closing and the Purchase Price in connection with such Partial Closing shall be calculated
based on the following allocation of the Purchase Price: $2,600,000 with respect to 4115 Thunderbird Lane, Fairfield, Ohio, $12,300,000
with respect to 11540-11630 Mosteller Road, Sharonville, Ohio and $3,800,000 with respect to 7585 Empire Drive, Florence, Kentucky.

“Permitted
Exceptions” shall mean: (a) applicable zoning, subdivision, building and other land use laws and regulations; (b) all
matters reflecting the existence or terms of Leases shown on the Lease Schedule or entered into after the Effective Date in accordance
with the terms of this Agreement, including non-disturbance agreements, notices (or short forms) of Leases and financing statements
pertaining to Tenant property; (c) all matters, whether or not of record, that arise solely out of the actions of Purchaser or
its agents, representatives or contractors; (d) the lien of real estate taxes and assessments not yet due and payable, subject
to adjustment as provided herein; (e) any installation, service, connection, usage or maintenance charge for sewer, water, electricity,
telephone, cable or internet service, and any charges due under any recorded reciprocal easement agreement, declarations of covenants,
conditions, restrictions, common area agreement, shared maintenance agreement, or similar recorded agreements which burden or benefit
the Real Property, in each case subject to adjustment as provided herein; (f) all matters that the Title Company is willing to
insure over without additional premium or indemnity from Purchaser and that, in Purchaser’s reasonable business judgment,
will not have a Material Adverse Effect from and after the Closing; (g) any lien or encumbrance that, pursuant to a Lease that
is in force and effect on the Closing Date and was provided to Purchaser in accordance with this Agreement, is the responsibility
of the applicable tenant; (h) the standard pre-printed exceptions and provisions contained in the Title Commitment; and (i) all
other matters shown on or referenced in the Title Commitment (other than Voluntary Liens) or the Survey, all matters of record
as of the Effective Date, such state of facts as would be disclosed by a physical inspection of the Real Property or an ALTA “as-built”
survey of the Real Property as of the Title Objection Date. The term “Permitted Exceptions” shall also include
any matters that become Permitted Exceptions in accordance with the provisions of Sections 4.1(b)-(c) below.

“Person”
shall mean any individual, estate, trust, general or limited partnership, limited liability company, limited liability partnership,
corporation, governmental agency or other legal entity and any unincorporated association.

“Personal
Property” shall mean all furniture, equipment, machinery, inventories, supplies, signs and other tangible personal property,
if any, owned by Seller and installed, located or situated on or used in connection with the operation of the Improvements, subject
to depletions, replacements and additions in the ordinary course of business, but excluding all Excluded Items.

“Plan”
shall have the meaning set forth in Section 7.1(m).

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“Property”
shall mean, collectively, the Real Property, the Personal Property, Seller’s interest in the Leases, and the Intangible Property.
The term “Property” does not include the Excluded Items. As the context shall require, the term “Property”
shall mean all of the Property collectively or each Property individually (that is, the property commonly known as 4115 Thunderbird
Lane, Fairfield, Ohio, the property commonly known as 11540-11630 Mosteller Road, Sharonville, Ohio and/or the property commonly
known as 7585 Empire Drive, Florence, Kentucky.

“Purchase
Price” shall mean the purchase price for the Property as specified in Section 2.2.

“Purchaser”
shall have the meaning set forth in the first paragraph of this Agreement.

“Purchaser’s
Knowledge” shall mean the actual knowledge of Purchaser and: (i) all matters and information disclosed in this Agreement
or in any exhibit or schedule to this Agreement; (ii) any matters and information disclosed in any of the Documents received by
or made available to Purchaser or its agents, attorneys or representatives before the Closing; and (iii) any other matter or information
disclosed in writing to Purchaser or its agents, attorneys or representatives before the Closing. 

“Purchaser
Lease Expenses” shall mean, collectively, any Lease Expenses arising out of or in connection with (i) any extension,
expansion or other right exercised by any Tenant under any Lease on or after the Effective Date, or (ii) any new Lease or
Lease modification entered into in accordance with Section 6.6(a) on or after the Effective Date; provided, however,
that in the case of this Subsection (ii), such Lease Expenses are either (A) provided for in the Leases (or any related
lease commission agreements) as delivered or made available to Purchaser before the end of the Study Period or (B) otherwise
provided for in a Lease Proposal Notice approved (or deemed approved) by Purchaser in accordance with this Agreement.

“Purchaser
Title Election Date” shall have the meaning set forth in Section 4.1(c).

“Purchaser
Title Objections” shall have the meaning set forth in Section 4.1(b).

“Real Property”
shall mean, collectively, the Land and the Improvements.

“Releases”
shall have the meaning set forth in Section 7.1(c). 

“Remove”
or “Removed” with respect to any exception to title shall mean that Seller causes the Title Company to remove
or affirmatively insure over to Purchaser’s reasonable satisfaction) the same as an exception to the Purchaser’s Owner’s
Title Policy, without any additional cost or liability to the Purchaser.

“Rent”
shall mean fixed and minimum rents and all additional rents, percentage rents, imposition charges, heating and cooling charges,
charges for utilities, charges for parking and storage, and all other amounts and charges payable by the Tenants under the Leases.

“Representatives”
shall have the meaning set forth in Section 11.22.

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“Required
Purchaser Insurance” shall mean insurance that satisfies the following requirements or is otherwise approved in writing
by Seller:

(a)     Commercial
General Liability Insurance on an “occurrence” basis, covering the activities of Purchaser and its agents, contractors,
affiliates and representatives on or about the Real Property, including (i) Protective Liability, (ii) Products/Completed
Operations Liability, (iii) Broad Form Property Damage Liability, and (iv) Contractual Liability (which includes, without
limitation, coverage for the indemnity and hold harmless agreement set forth in Section 5.1), against claims for bodily
injury, personal injury (with employee and contractual exclusions deleted), property damage and death, with a combined single limit
of not less than Two Million Dollars ($2,000,000) per occurrence and Five Million Dollars ($5,000,000) in aggregate, with aggregate
limits of liability applying separately to Products/Completed Operations and all other general liability coverages combined;

(b)     Each
liability policy shall be written on an “occurrence” basis, if available. If any such policy is not available on an
“occurrence” basis, and such policy is written on a “claims made” basis, such policy shall be subject to
Seller’s prior written approval. Each policy must be written so that the effective (or retroactive) date of the policy is
prior to the date of Purchaser’s (or its contractor’s, agent’s, affiliate’s or representative’s)
first access to the Real Property. Any such “claims made” basis policy shall be maintained until the expiration of
any applicable statute of limitations, but in any event for a period of not less than one (1) year following the Effective Date;

(c)     If
any such insurance policy expires before the termination of Purchaser’s obligation to carry such insurance pursuant to this
Agreement, Seller shall be provided with renewal certificates or binders not less than fifteen (15) days prior to such expiration
together with evidence of the payment of premiums thereon. Each such certificate of insurance shall contain a provision that the
coverage afforded under such policies will not be canceled or modified until at least thirty (30) days’ prior written notice
has been given to Seller; and

(d)     All
such insurance shall be issued by an insurance company having a A.M. Best rating of at least A-VII.

“Restricted
Period” shall mean the period commencing on November 20, 2014 and ending on the earlier of the Closing or the termination
of this Agreement.

“SEC”
shall have the meaning set forth in Section 11.22.

“Security
Deposits” shall mean all security deposits relating to space within the Real Property paid by Tenants to Seller or its
managing agent.

“Seller”
shall have the meaning set forth in the first paragraph of this Agreement.

“Seller-Allocated
Amounts” shall mean, collectively:

(a)     with
respect to any condemnation or eminent domain proceedings with respect to any portion of the Property that occurs after the Effective
Date, (i) the third-party costs, expenses and fees, including reasonable attorneys’ fees, expenses and disbursements, reasonably
incurred by Seller in connection with obtaining payment of any award or proceeds in connection with any such condemnation or eminent
domain proceedings, and (ii) any portion of any such award or proceeds that is allocable to loss of use of the Property prior to
Closing; and

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(b)     with
respect to any casualty to any portion of the Property that occurs after the Effective Date, (i) the third-party costs, expenses
and fees, including reasonable attorneys’ fees, expenses and disbursements, reasonably incurred by Seller in connection with
the negotiation and/or settlement of any casualty claim with an insurer with respect to the Property, (ii) the proceeds of any
rental loss, business interruption or similar insurance that are allocable to the period prior to the Closing Date, and (iii) the
reasonable and actual third-party costs incurred by Seller in stabilizing the Property following a casualty.

“Seller
Broker” means CBRE.

“Seller
Parties” shall mean Seller and Seller’s direct and indirect owners, and their respective officers, directors, trustees,
managers, members, owners and employees.

“Seller
Representations” shall mean the representations and warranties of Seller expressly set forth in this Agreement.

“Study
Period” shall mean the period commencing on the Effective Date and ending at 5:00 p.m. East Coast time on November 24,
2014.

“Survey”
shall have the meaning set forth in Section 4.1.

“Tax Appeal
Proceeding” shall have the meaning set forth in Section 6.6(d).

“Tenant
Notices” shall have the meaning set forth in Section 8.5.

“Tenant
Receivables” shall have the meaning set forth in Section 8.4(f).

“Tenants”
shall mean all Persons leasing or occupying space within the Real Property pursuant to the Leases.

“Title
Commitment” shall mean, collectively, the commitments for title insurance issued by the Title Company to Purchaser.

“Title
Company” shall mean the Boston, Massachusetts national office of Commonwealth Land Title Insurance Company.

“Title
Documents” shall mean all documents referred to in the Title Commitment.

“Title
Objection Date” shall mean November 21, 2014.

“Title
Objection Notice” shall have the meaning set forth in Section 4.1(b).

“Unbilled
Tenant Receivables” shall have the meaning set forth in Section 8.4(f).

“Uncollected
Delinquent Tenant Receivables” have the meaning set forth in Section 8.4(f).

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“Utility
Deposits” shall mean all deposits made by or on behalf of Seller with the Persons providing water, sewer, gas, electricity,
telephone and other utilities to the Real Property.

“Voluntary
Lien” shall mean (a) any mortgage or deed of trust granted or assumed by Seller and encumbering the Property or any portion
thereof; and (b) any other lien encumbering the Property or any portion thereof that is or was voluntarily granted, acquired or
assumed by Seller and secures the repayment of money; provided, however, that in no event shall the term “Voluntary Lien”
include any Permitted Exception.

“Waiver
Parties” shall have the meaning set forth in Section 7.1(b).

Article
2

Agreement; Purchase Price

Section
2.1     Agreement to Sell and Purchase. Subject to the terms and provisions hereof, Seller agrees
to sell the Property to Purchaser, and Purchaser agrees to purchase the Property from Seller.

Section
2.2     Purchase Price. The Purchase Price for the Property shall be Eighteen Million Seven Hundred
Thousand Dollars ($18,700,000). Subject to the adjustments and apportionments as hereinafter set forth, the Purchase Price shall
be paid on the Closing Date by wire transfer of immediately available federal funds.

Article
3

Deposit

Section
3.1     Deposit. Within two (2) Business Days following the Effective Date, Purchaser shall deposit
Three Hundred Thousand Dollars ($300,000) (together with any additional deposit provided for herein, and all interest and earnings
on all such amounts, the “Deposit”) with Escrow Agent by wire transfer of immediately available funds. The Deposit
shall be held in a segregated “money market” account pursuant to the provisions of Section 11.21 below.
The Deposit shall be applied to the Purchase Price if the Closing occurs. In the event that the Closing does not occur by the Closing
Date, the Deposit shall be disbursed as provided herein. If Purchaser fails to deliver the Deposit to Escrow Agent when required
hereunder, this Agreement shall terminate.

Article
4

Survey and Title Commitment

Section
4.1     Title and Survey.

(a)     Purchaser
has obtained the Title Commitment for the Real Property and has caused the Title Company to furnish the Title Commitment to Seller,
together with copies of all instruments referred to thereon as exceptions to title. Purchaser may also obtain an update of Seller's
most recent ALTA “as built” survey of the Real Property (the “Survey”) by a licensed surveyor
or registered professional engineer, at Purchaser's expense. The Survey (and all related survey certifications) shall be addressed
to both Purchaser and Seller. Purchaser shall deliver two originals of the final Survey to Seller promptly upon receipt thereof
by Purchaser.

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(b)     Purchaser
shall have until the Title Objection Date to give Seller a single written notice (the “Title Objection Notice”)
that sets forth in reasonable detail any objections that Purchaser has to title or survey matters affecting the Property (the “Purchaser
Title Objections”); provided, however, that Purchaser shall have no right to object to any of the matters set forth within
subsections (a) through (h) of the definition of Permitted Exceptions. If Purchaser fails to include an objection
to any title or survey matter affecting the Property as of the date of the Survey or the effective date of the Title Commitment,
as applicable, in the Title Objection Notice, or if Purchaser fails timely to give Seller a Title Objection Notice, any such matters
shall be Permitted Exceptions and Purchaser shall have no further right to object to such matters. Upon receipt of the Title Objection
Notice, Seller shall have until the expiration of the Study Period to give Purchaser notice as to whether Seller elects to use
reasonable efforts to Remove the Purchaser Title Objections by the Closing Date. If Seller fails to give Purchaser written notice
of such election before the end of Seller’s Title Election Period, Seller shall be deemed to have elected not to attempt
to Remove the Purchaser Title Objections. If Seller elects or is deemed to have elected not to attempt to Remove any one or more
of the Purchaser Title Objections, such Purchaser Title Objections shall constitute Permitted Exceptions and Purchaser shall have
until the end of the Study Period to determine whether to take title to the Property subject to such matters or to terminate this
Agreement in accordance with Section 5.2. If Seller elects to use reasonable efforts to Remove any one or more of the
Purchaser Title Objections, Seller shall have until the Closing Date to cause the same to be Removed, failing which Purchaser shall
have the option of either (i) accepting the title as it then is or (ii) terminating this Agreement and demanding a refund of the
deposit, which shall be returned to Purchaser promptly following Purchaser’s
certification that it has complied with its obligations under Section 5.3(c); thereupon, except for except for those
obligations that expressly survive the termination of this Agreement, Purchaser and Seller shall have no further obligations or
liabilities under this Agreement. If Seller elects to use reasonable efforts to Remove any one or more Purchaser Title Objections,
Seller shall use such efforts to Remove such Purchaser Title Objections on or before the Closing Date, except that (y) Seller shall
in no event be required to bring suit to clear any claimed title or survey defects and (z) except for Voluntary Liens, Seller shall
not be required to expend more than a total of Twenty Five Thousand Dollars ($25,000) in the aggregate to Remove the Purchaser
Title Objections.

(c)     Notwithstanding
anything to the contrary herein, all Voluntary Liens will be satisfied by Seller on or prior to the Closing or, if not so satisfied,
shall be satisfied at Closing out of the proceeds otherwise payable to Seller. To enable Seller to make conveyance as herein provided,
Seller may, at the time of Closing, use the Purchase Price or any portion thereof to clear the title of any or all encumbrances
or interests, provided that provision reasonably satisfactory to Purchaser’s attorney is made for recording of all instruments
so procured in accordance with conveyancing practice in the jurisdiction in which the Property is located.

(d)     Seller
shall be entitled to extend the Closing Date pursuant to Section 6.1(b) for the purpose of Removing any exceptions to title
that are not Permitted Exceptions.

(e)     Purchaser
shall be entitled to request that the Title Company provide such endorsements to the Purchaser’s title insurance policy as
Purchaser or Purchaser’s lender may reasonably require, provided that such endorsements or amendments shall be at no cost
to, and shall impose no additional liability on, Seller.

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Article
5

Inspection, Audit and Financing

Section
5.1     Access. During the Study Period, Purchaser, personally or through its authorized agents
or representatives, shall be entitled upon reasonable advance notice to Seller to enter upon the Property during normal business
hours and shall have the right to make such investigations, including appraisals, engineering studies, soil tests, environmental
studies and underwriting analyses, as Purchaser deems necessary or advisable, subject to the following limitations: (a) such access
shall be subject to the rights of Tenants and shall not violate any law ; (b) Purchaser shall give Seller written notice at least
one (1) Business Day before conducting any inspections or communicating with any Tenant of the Property or with any property management,
marketing or leasing personnel or agents, and a representative of Seller shall have the right to be present when Purchaser or its
representatives conduct investigations on the Property or communicate with any Tenants or property management, marketing or leasing
personnel or agents; (c) neither Purchaser nor its representatives shall interfere unreasonably with the use, occupancy or enjoyment
of any Tenants, subtenants or other occupants of the Property or their respective employees, contractors, customers or guests;
(d) neither Purchaser nor its agents shall damage the Property or any portion thereof; (e) unless Seller agrees otherwise in writing,
before Purchaser or its agents, representatives or affiliates enter onto the Real Property, Purchaser shall deliver to Seller a
certificate of insurance naming Seller as an additional insured and evidencing that Purchaser has the Required Purchaser Insurance;
(f) Purchaser shall indemnify, defend and hold harmless the Seller Parties against and from any and all claims (whether third party
claims or claims by Seller Parties or others against Purchaser), damages (including property damage), losses, liabilities, costs
and liens arising out of or in connection with the inspection of the Property by, or the presence thereon of, Purchaser or its
affiliates, representatives, agents, contractors, consultants, employees, or licensees, which indemnification obligation shall
survive the Closing or termination of this Agreement; (g) without Seller’s prior written consent, which Seller may give or
withhold in its absolute discretion, Purchaser shall not conduct any Phase II exams, soil borings, testing or sampling of any surface
or subsurface soils, water or other materials, or other invasive tests on or around the Property; (h) Purchaser shall, at Purchaser’s
sole cost and expense, promptly restore the Property or any portion thereof where Purchaser or any its affiliates, agents or representatives
have performed any inspections to the same condition it was in prior to such inspection, failing which Seller may perform such
restoration and Purchaser shall promptly reimburse Seller for the reasonable cost thereof; and (i) in no event shall Purchaser
or its affiliates, attorneys, agents or representatives communicate with any governmental agency concerning the Property or the
potential sale of the Property; provided, however, that as long as this Agreement is in effect, Purchaser and its affiliates, attorneys,
agents or representatives may contact the zoning and/or building department of the relevant county or municipality in which the
Real Property is located as part of Purchaser’s customary due diligence to confirm compliance with applicable zoning and
building code requirements and/or to request a customary zoning letter, provided that: (x) neither Purchaser nor its affiliates,
attorneys, agents or representatives shall disclose the proposed purchase price to be paid for the purchase of the Property to
any of such governmental authorities; (y) in no event shall Purchaser or its affiliates, attorneys, agents or representatives request
any inspections of the Property by any of such governmental authorities; and (z) Purchaser and its affiliates, attorneys, agents
or representatives shall use commercially reasonable efforts to avoid triggering any inspections of the Property by any of such
governmental authorities.

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Further, at all
reasonable times during the Study Period, Seller agrees to make available to Purchaser, or to its duly authorized agents or representatives,
copies of all Leases and all applicable books and records relating to the Property and the operation and maintenance thereof to
the extent that such materials are in Seller’s possession or control and do not constitute Excluded Items. Such items may
be examined at reasonable times during normal business hours upon prior reasonable notice to Seller.

Section
5.2     Study Period. Subject to the provisions of Section 5.1, Purchaser shall have
the Study Period to physically inspect the Property, review the economic data, underwrite the Tenants and review the Leases and
Contracts, conduct appraisals, perform examinations of the physical condition of the Improvements, examine the Real Property for
the presence of Hazardous Materials, and to otherwise conduct such due diligence review of the Property and all records and other
materials related thereto as Purchaser, in its absolute discretion, deems appropriate. If, between the Effective Date and the end
of the Study Period, Purchaser shall, for any reason or no reason in Purchaser’s sole and absolute discretion, determine
that it does not wish to purchase the Property, Purchaser shall be entitled to terminate this Agreement by giving written notice
thereof to Seller prior to the expiration of the Study Period, and thereupon the Deposit shall be returned to Purchaser and, except
for those obligations that expressly survive the termination of this Agreement, Seller and Purchaser shall have no further obligations
or liabilities to each other under this Agreement. If Purchaser fails to give such notice prior to the expiration of the Study
Period, it shall conclusively be deemed to have elected to waive its right to terminate this Agreement under this Section 5.2,
the Deposit shall be non-refundable except as otherwise expressly provided for in Sections 10.1 and 10.3 and Purchaser
shall be obligated to purchase the Property in accordance with the terms hereof.

Section
5.3     Confidentiality. The parties acknowledge that the terms of this Agreement and the transaction
described herein are of a confidential nature and shall not be disclosed except (a) to Purchaser's or Seller’s respective
affiliates, officers, directors, principals, members, employees, agents, attorneys, partners, accountants, lenders and investors
and their agents, and (b) to the United States Securities and Exchange Commission (the “SEC”) in connection with any
of Purchaser’s requirements under federal securities law or regulations, including but not limited to a Form S-11 registration,
or any similar or related filing made by Buyer or (c) as otherwise required by law (including SEC regulations and NYSE requirements)
((a) and (b) together, collectively, the “Permitted Outside Parties”). In connection with the negotiation of this Agreement
and the preparation for the consummation of the transactions contemplated hereby, each party acknowledges that it will have access
to confidential information relating to the other party. Each party shall treat such information as confidential, preserve the
confidentiality thereof, and not duplicate or use such information, except to Permitted Outside Parties in connection with the
transactions contemplated hereby. Except as required by applicable law, neither party shall issue any press release or make any
statement to the media without the other party's consent, which consent shall not be unreasonably withheld or delayed. The provisions
of this Section shall survive any termination of this Agreement.

Section
5.4     Reporting. In the event that Purchaser’s due diligence reveals any condition of
the Property that in Purchaser’s judgment requires disclosure to any governmental agency or authority, Purchaser shall immediately
notify Seller thereof. In such event, Seller, and not Purchaser or anyone acting on Purchaser’s behalf, shall make such disclosures
as Seller deems appropriate. Notwithstanding the foregoing, Purchaser may disclose matters concerning the Property to a governmental
authority if, (a) in the written opinion of Purchaser’s outside legal counsel, Purchaser is required by law to make
such disclosure, and (b) (in the event that a delay in disclosure would not be in violation of any law) Purchaser gives Seller
not less than ten (10) days prior written notice of the proposed disclosure.

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Section
5.5     Assumption of Contracts. The Contracts listed on Exhibit E, other than any
property management agreements, shall be assigned to and assumed by Purchaser at the Closing pursuant to the Assignment and Assumption
Agreement.

Article
6

Conditions Precedent, Casualty Damage or Condemnation

Section
6.1     Conditions Precedent Favoring Purchaser.

(a)     Purchaser’s
obligation to purchase the Property is subject to the timely fulfillment of the conditions set forth in this Section 6.1
on or before the Closing Date, or such earlier date as is set forth below. Each condition may be waived in whole or in part only
by written notice of such waiver from Purchaser to Seller.

(i)     Seller
shall have performed and complied in all material respects with all of the terms of this Agreement to be performed and complied
with by Seller prior to or at the Closing.

(ii)     On
the Closing Date, the Seller Representations shall be true, complete and accurate, subject to: (A) changes that: (x) are caused
by the acts or omissions of Purchaser or its agents or affiliates; (y) cannot reasonably be expected, individually or in the aggregate,
to have a Material Adverse Effect from and after the Closing or (z) are a result of changes to Leases or Contracts conducted in
accordance with Section 6.6 of this Agreement or (B) any modification (or deemed modification) to any Seller Representation
pursuant to Section 7.4(a) or Section 7.4(b); provided, however, that with respect to any Seller Representation
that expressly states that it is made only with respect to facts as of a specified date, this condition shall be satisfied so long
as such Seller Representation was true, complete and accurate in all material respects as of or such specified date.

(iii)     On
the Closing Date, title to the Property shall be conveyed to Purchaser subject only to the Permitted Exceptions.

(b)     Notwithstanding
the foregoing, if the conditions set forth in this Section 6.1 or any other condition of Closing shall not have been fulfilled
on or before the Closing Date, and/or if Seller shall elect to extend the Closing Date pursuant to Section 4.1(e) and/or Section
7.4(b), Seller shall have the right (in its sole discretion), exercisable by written notice to Purchaser at or before the Closing,
to extend the Closing Date for one or more periods of up to sixty (60) days in total to provide additional time for the fulfillment
of such conditions.

(c)     Subject
to Purchaser’s right to terminate this Agreement prior to the expiration of the Study Period in accordance with the terms
of Section 5.2, Purchaser acknowledges and agrees that its obligation to perform under this Agreement is not contingent
upon Purchaser’s ability to obtain any (i) governmental or quasi-governmental approval of changes or modifications in
use or zoning, or (ii) modification of any existing land use restriction.

Section
6.2     Conditions Precedent Favoring Seller. In addition to any other condition precedent in
favor of Seller as may be expressly set forth elsewhere in this Agreement, Seller’s obligations under this Agreement are
expressly subject to the timely fulfillment of the conditions set forth in this Section 6.2 on or before the Closing Date,
or such earlier date as is set forth below. Each condition may be waived in whole or in part only by written notice of such waiver
from Seller to Purchaser.

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(a)     Purchaser
shall have performed and complied in all material respects with all of the terms of this Agreement to be performed and complied
with by Purchaser prior to or at the Closing.

(b)     On
the Closing Date, the representations and warranties of Purchaser set forth in Section 7.1 shall be true, complete
and accurate subject to changes that: (y) are caused by the acts or omissions of Seller or its agents or affiliates; or (z) cannot
reasonably be expected, in the aggregate, to have a material adverse effect on Seller.

(c)     Intentionally
Deleted.

(d)     Seller
shall have received confirmation from Escrow Agent that it has received the payment of the Purchase Price in accordance with Section 2.2
(subject to the adjustments, apportionments and credits as provided for herein) and all other amounts due to Seller from Purchaser
hereunder, if any, and that Escrow Agent is in possession of written authorization from Purchaser to disburse such funds at the
direction of Seller at Closing.

Section
6.3     Risk of Loss. In the event that, after the end of the Study Period, all or a portion of
the Improvements should be damaged or destroyed by fire or other casualty prior to Closing such that Seller’s reasonable
estimate of the cost to repair the same exceeds Seven Hundred Fifty Thousand Dollars ($750,000) (any such casualty, a “Material
Casualty”), Purchaser may, at Purchaser’s sole option and discretion, elect either to:

(a)     if
such Material Casualty affects only one Property, then remove such Property from this Agreement by giving notice of same to Seller
within ten (10) Business Days from written notice of such Material Casualty, and the parties shall proceed to a Partial Closing
without such Property;

(b)     if
any Material Casualty (or Material Casualties) affect(s) more than one Property, terminate this Agreement and receive back the
Deposit; or

(c)     close
the transaction contemplated by this Agreement.

In the event of
a fire or other casualty that is not a Material Casualty, or if there is a Material Casualty and Purchaser elects to proceed pursuant
to Section 6.3(b), (i) Purchaser shall purchase the Property in accordance with the terms hereof (without a reduction
in the Purchase Price except as provided for in Section 6.5 below), and (ii) Seller shall assign to Purchaser at Closing
any rights of Seller to insurance proceeds payable on account of such damage as provided for in Section 6.5. With respect
to any Material Casualty, Purchaser shall be deemed to have elected to proceed under Section 6.3(c) unless, within
ten (10) Business Days from written notice of such Material Casualty, Purchaser provides Seller with written notice that Purchaser
elects, as applicable, to proceed to a Partial Closing pursuant to Section 6.3(a) or terminate this Agreement pursuant to
Section 6.3(b).

Section
6.4     Condemnation. In the event that, after the end of the Study Period, all or a material
portion of the Real Property should be condemned by right of eminent domain prior to the Closing such that Seller’s reasonable
estimate of the loss of value of the remaining Real Property exceeds Seven Hundred Fifty Thousand Dollars ($750,000) (any such
event, a “Material Taking”), Purchaser may, at Purchaser’s sole option and discretion, elect either to:

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(a)     if
such Material Taking affects only one Property, then remove such Property from this Agreement by giving notice of same to Seller
within ten (10) Business Days from written notice of such Material Taking, and the parties shall proceed to a Partial Closing without
such Property;

(b)     if
any Material Taking (or Material Takings) affect(s) more than one Property, terminate this Agreement and receive back the Deposit;
or

(c)     close
the transaction contemplated by this Agreement.

In the event of
a condemnation by right of eminent domain that is not a Material Taking, or if there is a Material Taking and Purchaser elects
to proceed under Section 6.4(c), Purchaser shall purchase the Property in accordance with the terms hereof (without
reduction in the Purchase Price) and Seller shall assign to Purchaser at Closing any rights of Seller to condemnation proceeds
payable as a result of such condemnation as provided for in Section 6.5. With respect to any Material Taking, Purchaser
shall be deemed to have elected to proceed under Section 6.4(c) unless, within ten (10) Business Days from written
notice of such Material Taking, Purchaser provides Seller with written notice that Purchaser elects, as applicable, to proceed
to a Partial Closing pursuant to Section 6.4(a) or terminate this Agreement pursuant to Section 6.4(b).

Section
6.5     Allocation of Casualty and Condemnation Proceeds. If a condemnation or casualty occurs
after the Effective Date and this Agreement is not terminated as permitted pursuant to the terms of Section 6.3 or
Section 6.4, as applicable, then this Agreement shall remain in full force and effect, Purchaser shall acquire the
remainder of the Property (as affected by such casualty or condemnation) upon the terms and conditions set forth herein, and at
the Closing:

(a)     if
the awards or proceeds, as the case may be, have been paid to Seller prior to Closing, Purchaser shall receive a credit at Closing
equal to (i) the amount of any such awards or proceeds on account of such condemnation or casualty, plus (ii) if a casualty
has occurred and such casualty is an insured casualty, an amount equal to Seller’s deductible with respect to such casualty,
less (iii) an amount equal to the Seller-Allocated Amounts; and

(b)     to
the extent that such award or proceeds have not been paid to Seller prior to Closing, (i) if a casualty has occurred and such casualty
is an insured casualty, Purchaser shall receive a credit at Closing equal to Seller’s deductible with respect to such casualty,
less an amount equal to the Seller-Allocated Amounts, and (ii) Seller shall assign to Purchaser at the Closing the rights of Seller
to, and Purchaser shall be entitled to receive and retain, such awards or proceeds; provided, however, that within
ten (10) Business Days after receipt of such awards or proceeds, Purchaser shall pay to Seller an amount equal to the Seller-Allocated
Amounts not previously paid to Seller (and Purchaser’s obligation to pay such amount to Seller shall survive the Closing).

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Section
6.6     Leasing & Other Activities Prior to Closing.

(a)     Seller
shall provide Purchaser with prompt, written notice of any Lease Transaction that occurs between the Effective Date and the commencement
of the Restricted Period. Except for any transaction with any affiliate of Seller, Purchaser shall have no right to approve any
Lease Transactions before the commencement of the Restricted Period. During the Restricted Period, Seller shall not enter into
any Lease Transaction without Purchaser’s prior written consent, which consent may be given or withheld in Purchaser’s
sole discretion; provided, however, that notwithstanding the foregoing provisions: (i) Seller shall not be required to obtain Purchaser’s
consent to: enter into any modification, renewal, or extension of any Lease, if the applicable Lease does not call for any discretionary
action on the part of Seller with respect thereto; and (ii) in connection with any matter with respect to which, under the applicable
Lease, Seller may not unreasonably withhold its consent or approval, Purchaser shall be bound by the same standard. When seeking
such consent from Purchaser, Seller shall provide Purchaser with a Lease Proposal Notice and, if Purchaser does not notify Seller
in writing of its approval or disapproval within five (5) Business Days, Purchaser shall be deemed to have approved the transaction
substantially on the terms described in such notice.

(b)     During
the Restricted Period, Seller shall not enter into any Material Contracts or amend any such Contracts, in each case without the
prior written consent of Purchaser, in Purchaser’s sole discretion. If Purchaser does not notify Seller in writing of its
consent or disapproval within five (5) Business Days after notice thereof from Seller, Purchaser shall be deemed to have consented
to such requested action. If Purchaser disapproves any such request, then Purchaser’s written notice shall specify the reasons
for such disapproval.

(c)     At
all times prior to Closing, Seller shall continue to operate and maintain the Property, and insure the Property, consistent in
all material respects with its standards of operation and maintenance prevailing immediately prior to the Effective Date and during
the Study Period. Seller does not, however, represent or agree that any particular Lease or Leases will remain in force or effect
on the Closing Date or that the Tenants will have performed their obligations thereunder and the same is not a condition precedent
to Purchaser’s obligations under this Agreement. In no event shall Seller have any obligation to make any capital improvements
to the Property.

(d)     Seller
may file and/or maintain and prosecute an application for the reduction of the assessed valuation of the Property or any portion
thereof for real estate taxes or a refund of real estate taxes previously paid (a “Tax Appeal Proceeding”).
Seller shall have the right to withdraw, settle or otherwise compromise Tax Appeal Proceedings affecting real estate taxes assessed
against the Property (i) for any fiscal period prior to the fiscal year in which the Closing shall occur without the prior consent
of Purchaser, and (ii) for the fiscal year in which the Closing shall occur, provided Purchaser shall have consented in advance
in writing with respect thereto, which consent shall not be unreasonably withheld or delayed and which consent shall be deemed
granted in the event that Purchaser fails to respond to a written request for its consent within ten (10) Business Days. The amount
of any tax refunds (net of reasonable attorneys' fees and other costs of obtaining such tax refunds) with respect to any portion
of the Property for the tax year in which the Closing Date occurs shall be apportioned between Seller and Purchaser as of the Closing
Date. If, in lieu of a tax refund, a tax credit is received with

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respect to any portion
of the Property for the tax year in which the Closing Date occurs, then (x) within thirty (30) days after receipt by Seller or
Purchaser, as the case may be, of evidence of the actual amount of such tax credit (net of reasonable attorneys' fees and other
costs of obtaining such tax credit), the tax credit apportionment shall be readjusted between Seller and Purchaser, and (y) upon
receipt by Purchaser of a tax savings on account of such credit, Purchaser shall pay to Seller an amount equal to the savings realized
(as apportioned). All refunds, credits or other benefits applicable to any fiscal period prior to the fiscal year in which the
Closing shall occur shall belong solely to Seller (and Purchaser shall have no interest therein) and, if the same shall be paid
to Purchaser or anyone acting on behalf of Purchaser, the same shall be paid to Seller within thirty (30) days following receipt
thereof. The provisions of this Section 6.6(d) shall survive the Closing.

(e)     While
this Agreement is in effect, Seller shall: (i) not sell the Property or enter into an agreement to sell the Property to any
Person other than Purchaser and (ii) promptly give Purchaser a reasonably detailed written notice of: (1) any material fire, material
flood or other material casualty with respect to the Property of which Seller obtains actual knowledge; and (2) any condemnation
proceeding affecting the Property of which Seller obtains actual knowledge.

Article
7

Representations, Warranties and Covenants

Section
7.1     Purchaser’s Representations, Warranties and Covenants. Purchaser hereby represents,
warrants, covenants, and acknowledges to Seller as of the Effective Date and as of the Closing as follows:

(a)     Purchaser
acknowledges that it is experienced and sophisticated in the acquisition, development, management, leasing, ownership and operation
of commercial real estate projects such as the Property and that, prior to the end of the Study Period, it will have a full and
complete opportunity to conduct such investigations, examinations, inspections and analyses of the Property as Purchaser, in its
absolute discretion, may deem appropriate. Purchaser further acknowledges that, except for the Seller Representations, Purchaser
has not relied upon any statements, representations or warranties by Seller or any agent of Seller. Without limiting the foregoing,
Purchaser acknowledges and agrees that: (1) any environmental, physical condition or other reports provided to Purchaser by Seller
or its agents are provided without any representation or warranty of any kind, express or implied, as to the completeness or accuracy
of the facts, presumptions, conclusions or other matters contained therein; (2) Purchaser shall rely solely on its own investigations
and on reports prepared by any consultants engaged by Purchaser and not on any environmental, physical condition or other reports
provided to Purchaser by Seller or its agents. Notwithstanding anything to the contrary in this Agreement, the provisions of this
Section 7.1(a) shall survive the Closing without limitation;

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(b)     Except
for the Seller Representations, Purchaser agrees that the Property shall be sold and that Purchaser shall accept possession of
the Property on the Closing Date strictly on an “AS IS, WHERE IS” AND “WITH ALL FAULTS, LIABILITIES, AND DEFECTS,
LATENT OR OTHERWISE, KNOWN OR UNKNOWN” basis, with no right of set-off or reduction in the Purchase Price, and that,
except for the Seller Representations, such sale shall be without representation or warranty of any kind, express or implied, including
any warranty of income potential, operating expenses, conformance of any financial information to generally accepted accounting
principles, uses, merchantability or fitness for a particular purpose, and Seller does hereby disclaim and renounce any such representation
or warranty. Purchaser specifically acknowledges that, except for the Seller Representations, Purchaser is not relying on any representations
or warranties of any kind whatsoever, express or implied, from Seller, any other Seller Party or any broker or other agents as
to any matters concerning the Property including: (1) the value of the Property; (2) any income to be derived from the Property;
(3) the suitability of the Property for any and all activities and uses which Purchaser may conduct thereon, including the possibilities
for further development of the Property or construction thereon; (4) the habitability, merchantability, marketability, profitability
or fitness for a particular purpose of the Property or any improvements thereon; (5) the manner, quality, state of repair or lack
of repair of the Property (including the roof, foundation, HVAC systems or any other component of the Property or any improvements
thereon); (6) the nature, quality or condition of the Property, including with respect to water conditions, soil, geological or
geotechnical condition (including soil expansiveness, corrosivity, or stability, or seismic, hydrological, geological and topographical
conditions and configurations, including any opinions or conclusions of any soils engineer(s) retained to perform geotechnical
and/or soils studies or to oversee any soils engineering aspects of developing the Property); (7) the compliance of or by the Seller,
the Property, or its operation with any codes, laws, rules, ordinances, regulations of any applicable governmental authority or
body; (8) the manner or quality of the construction or materials incorporated into the Property; (9) compliance with environmental
laws or land use laws, rules, regulations, orders, codes or requirements, including, but not limited to, the Americans with Disabilities
Act of 1990, the Federal Fair Housing Act, the Federal Water Pollution Control Act, the U.S. Environmental Protection Agency regulations
at 40 CFR, Part 261, the Clean Water Act, the Safe Drinking Water Act, the Hazardous Materials Transportation Act, the Toxic Substance
Control Act, and/or any rules or regulations promulgated under any of the foregoing (as the same may be amended from time to time)
or under any federal, state, regional, county, municipal and other local laws, regulations and ordinances that are equivalent or
similar to the federal laws recited above or that purport to regulate Hazardous Materials; (10) the presence or absence of radon
gas, methane gas, asbestos any other Hazardous Materials at, on, under, or adjacent to the Property; (11) the conformity of any
improvements to any plans or specifications, including any plans and specifications that may have been or may be provided to Purchaser;
(12) the conformity of the Property to past, current or future applicable zoning or building requirements; (13) deficiency of any
undershoring; (14) deficiency of any drainage; (15) the fact that all or a portion of the Property may be located on or near an
earthquake fault line or in or near an earthquake or seismic hazard zone; (16) the existence of vested land use, zoning or building
entitlements affecting the Property; (17) water rights or the availability of or access to water; (18) the presence or suitability
of any utilities or availability thereof; (19) the completeness or accuracy of any information provided to Purchaser by Seller
or its agents; (20) any matters relating to the Lease or the Tenants; or (21) any other matter relating to the Property

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or to the development,
construction, operation, or sale of the Property. Purchaser further acknowledges and agrees that, except for Seller’s Representations,
Seller is under no duty to make any affirmative disclosures or inquiry regarding any matter which may or may not be known to Seller
or any of the other Seller Parties or any agent of Seller, and Purchaser, for itself and for its successors and assigns, hereby
expressly waives and releases Seller and each of the other Seller Parties from any such duty that otherwise might exist. Without
limiting the foregoing, Purchaser hereby agrees that, if at any time after the Closing, any third-party or governmental agency
seeks to hold Purchaser responsible for the presence of, or any loss, cost or damage associated with, Hazardous Materials in, on,
above or beneath the Real Property or emanating therefrom, then Purchaser waives on behalf of itself and on behalf of each of its
successors and assigns and each and all of its and their respective members, officers, directors, employees, parents, affiliates
or subsidiaries and each of their respective successors and assigns (other than any successor or assign of Purchaser that is not
an affiliate of Purchaser) (collectively the “Waiver Parties”), any rights Purchaser or Waiver Parties may have
against Seller in connection therewith, including under CERCLA, and Purchaser agrees for itself and all Waiver Parties that neither
Purchaser nor any of the Waiver Parties shall (1) implead the Seller, (2) bring a contribution action or similar action against
the Seller or (3) attempt in any way to hold the Seller responsible with respect to any such matter;

provided, however, that
the foregoing provision shall not prevent Purchaser from relying on the Seller Representations, subject to the limitations and
conditions relating thereto set forth in this Agreement;

(c)     Except
as expressly provided below in this Section 7.1(c), Purchaser, on its own behalf and on behalf of each of the Waiver
Parties, hereby releases Seller and the other Seller Parties from, and irrevocably and unconditionally waives all claims and liability
against Seller and each of the other Seller Parties for or attributable to, the following:

(i)     any
and all statements or opinions heretofore or hereafter made, or information furnished, by or on behalf of the Seller Parties or
any agent of Seller to Purchaser or any of Purchaser’s agents or representatives; and

(ii)     any
and all losses, costs, claims, liabilities, expenses, demands or obligations of any kind or nature whatsoever, whether known or
unknown and foreseen or unforeseen, attributable to the Property and/or the ownership and operation thereof, whether arising or
accruing before, on or after the Closing and whether attributable to events or circumstances which have heretofore or may hereafter
occur, including all losses, costs, claims, liabilities, expenses, demands and obligations with respect to the structural, physical,
or environmental condition of the Property including claims or liabilities relating to the presence, discovery or removal of any
Hazardous Materials in, at, under or about the Property and any other matters described in Section 7.1(b);

provided, however, that
the release and waiver set forth in this Section 7.1(c) are not intended, and shall not be construed, to affect or
impair any rights or remedies that Purchaser may have against Seller as a result of a breach of any of the Seller Representations
or of any covenant of Seller expressly set forth in this Agreement that expressly survives the Closing, subject to the terms and
limitations on Seller’s liability as set forth elsewhere in this Agreement.

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Purchaser acknowledges
and agrees that (1) Purchaser may hereinafter discover facts different from or in addition to those now (or as of the Closing)
known to Purchaser, (2) Purchaser’s agreement to release, acquit and discharge Seller and the other Seller Parties as set
forth herein shall remain in full force and effect notwithstanding the existence or discovery of any such additional or different
facts, (3) Purchaser, for itself and all Waiver Parties, knowingly waives any rights, privileges and benefits under any federal,
state or local law which may negatively impact the validity or enforceability of any part of the releases set forth in this Agreement,
(4) upon the completion of the Closing, Seller shall be deemed to have satisfied all of Seller’s obligations, covenants and
liabilities in this Agreement and in any documents executed by Seller in connection herewith other than those obligations of Seller
that, by the express terms of this Agreement, survive the Closing (in which case such survival shall be subject to the limitations
set forth in this Agreement), and (5) Purchaser irrevocably covenants never to commence or prosecute, or to collude with others
to commence or prosecute, against Seller or any other Seller Party any action or proceeding based upon any claim covered by the
foregoing release.

Purchaser understands
the legal significance of the foregoing provisions and acknowledges and agrees that the provisions of this Section 7.1(b)-(c)
were a material factor in Seller’s acceptance of the Purchase Price and that Seller is unwilling to sell the Property to
Purchaser without the benefit of the releases in favor of Seller and the other Seller Parties granted in Section 7.1(b)-(c)
(collectively, the “Releases”). 

The Releases may
include claims of which Purchaser is presently unaware or which Purchaser does not presently suspect to exist, which, if known
by Purchaser, would materially affect Purchaser’s release of Seller and/or the other Seller Parties. Purchaser specifically
waives the provisions of any law of any state, territory or jurisdiction the import of which is as follows:

A general release does not
extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which
if known by him must have materially affected his settlement with the debtor.

Notwithstanding anything to the contrary
in this Agreement, the provisions of Section 7.1(c) shall survive the Closing without limitation;

(a)     Purchaser,
on its own behalf and on behalf of the Waiver Parties, covenants and agrees never to sue or otherwise commence or prosecute, or
collude with others to commence or prosecute, any action or other proceeding against any of the Seller Parties, for a claim released
pursuant to this Agreement. If any of the Waiver Parties asserts a claim that is contrary to the Releases, Purchaser shall indemnify,
defend and hold harmless the Seller Parties against whom such claim is asserted for all costs (including court costs, reasonable
expert fees, and reasonable attorneys’ fees) and liabilities incurred by any of the Seller Parties in connection with such
action or proceeding. The parties hereto agree that this Section 7.1(d) (the “Covenant Not to Sue”)
may be pleaded by any Seller Party as a full and complete defense to any action or proceeding by a Waiver Party that is contrary
to the terms of the Releases, and may be asserted as a basis for abatement of, or injunction against, said action or proceeding.
If a Waiver Party breaches the Covenant Not to Sue, any Seller Party damaged thereby shall be entitled to recover, and Purchaser
shall hold harmless and indemnify any such Seller Party from and against, not only the amount of any

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judgment which may
be awarded in favor of such damaged Seller Party, but also for such other actual damages, costs, and expenses as may be incurred
by such damaged Seller Party, including court costs, reasonable attorneys’ fees and all other reasonable costs and expenses,
in preparing the defense of, defending against, or seeking and obtaining abatement of, or injunction against, such action or proceeding,
and establishing and maintaining the applicability of the Releases and this Covenant Not to Sue. Notwithstanding anything to the
contrary in this Agreement, the provisions of this Section 7.1(d) shall survive the Closing without limitation;

(b)     Purchaser
is a corporation duly formed, validly existing and in good standing under the laws of Maryland;

(c)     This
Agreement is, and all the documents executed by Purchaser which are to be delivered to Seller at the Closing will be, duly authorized,
executed and delivered by Purchaser. The obligations of Purchaser contained in this Agreement are legal, valid and binding obligations
of Purchaser enforceable against it in accordance with its terms (except to the extent such enforcement may be limited by applicable
bankruptcy, insolvency, moratorium and other principles relating to or limiting the right of contracting parties generally and
principles of equity);

(d)     Purchaser
has full right, power and authority and is duly authorized to enter into this Agreement, to perform each of the covenants on its
part to be performed hereunder and to execute and deliver, and to perform its obligations under all documents required to be executed
and delivered by it pursuant to this Agreement;

(e)     There
are no actions, suits or proceedings pending or, to the knowledge of Purchaser, threatened, against or affecting Purchaser which,
if determined adversely to Purchaser, would materially and adversely affect its ability to perform its obligations hereunder;

(f)     Neither
the execution, delivery or performance of this Agreement nor compliance herewith (i) conflicts or will conflict with or results
or will result in a breach of or constitutes or will constitute a default under (1) the organizational documents of Purchaser,
(2)  any law or any order, writ, injunction or decree of any court or governmental authority binding upon Purchaser, or (3) any
agreement or instrument to which Purchaser is a party or by which it is bound or (ii) results in the creation or imposition
of any lien, charge or encumbrance upon Purchaser’s property pursuant to any such agreement or instrument;

(g)     No
authorization, consent or approval of any governmental authority (including courts) is required for the execution and delivery
by Purchaser of this Agreement or the performance of its obligations hereunder;

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(h)     Neither
Purchaser nor, to Purchaser’s actual knowledge, its affiliates, is in violation of any laws relating to terrorism, money
laundering or the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism
Action of 2001, Public Law 107-56 and Executive Order No. 13224 (Blocking Property and Prohibiting Transactions with Persons Who
Commit, Threaten to Commit, or Support Terrorism) (the “Executive Order”) (collectively, the “Anti-Money
Laundering and Anti-Terrorism Laws”). Neither Purchaser nor, to Purchaser’s actual knowledge, its affiliates, is
acting, directly or indirectly, on behalf of terrorists, terrorist organizations or narcotics traffickers, including those persons
or entities that appear on the Annex to the Executive Order, or are included on any relevant lists maintained by the Office of
Foreign Assets Control of U.S. Department of Treasury, U.S. Department of State, or other U.S. government agencies, all as may
be amended from time to time. Neither Purchaser nor, to Purchaser’s actual knowledge, its affiliates or, without inquiry,
any of its brokers or other agents, in any capacity in connection with the sale of the Property (A) conducts any business or engages
in making or receiving any contribution of funds, goods or services to or for the benefit of any person included in the lists referenced
above, (B) deals in, or otherwise engages in any transaction relating to, any property or interests in property blocked pursuant
to the Executive Order, or (C) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of
evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Money Laundering and Anti-Terrorism
Laws. Neither Purchaser, nor any person controlling or controlled by Purchaser, is a country, territory, individual or entity named
on a Government List, and the monies used in connection with this Agreement and amounts committed with respect thereto, were not
and are not derived from any activities that contravene any applicable anti-money laundering or anti-bribery laws and regulations
(including funds being derived from any person, entity, country or territory on a Government List or engaged in any unlawful activity
defined under Title 18 of the United States Code, Section 1956(c)(7));

(i)     Purchaser
is not, and is not acting on behalf of, (a) an “employee benefit plan” (as defined in Section 3(3) of ERISA) that
is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975(e)(1) of the Code that is subject to Section
4975 of the Code (each of the foregoing a “Plan”), (c) an entity or account the assets of which constitute “plan
assets” of one or more such Plans within the meaning of Department of Labor Regulation 29 CFR Section 2510.3-101, as
modified by Section 3(42) of ERISA or (d) a “governmental plan” within the meaning of Section 3(32) of ERISA;

(j)     No
bankruptcy, insolvency, reorganization or similar action or proceeding, whether voluntary or involuntary, is pending, or, to the
best of Purchaser’s knowledge, has been threatened in writing, against Purchaser.

Section
7.2     Seller Representations. Except as set forth in this Agreement, and subject to Purchaser’s
Knowledge, Seller warrants and represents to Purchaser as set forth in (a) and (b) of this Section 7.2:

(a)     Representations
Concerning Seller

(i)     Each
Seller is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Delaware;

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(ii)     This
Agreement is, and all the documents executed by Seller which are to be delivered to Purchaser at the Closing will be, duly authorized,
executed and delivered by Seller. The obligations of Seller contained in this Agreement are legal, valid and binding obligations
of Seller enforceable against it in accordance with its terms (except to the extent such enforcement may be limited by applicable
bankruptcy, insolvency, moratorium and other principles relating to or limiting the right of contracting parties generally and
principles of equity);

(iii)     Seller
has full right, power and authority and is duly authorized to enter into this Agreement, to perform each of the covenants on its
part to be performed hereunder and to execute and deliver, and to perform its obligations under all documents required to be executed
and delivered by it pursuant to this Agreement;

(iv)     There
are no actions, suits or proceedings pending or, to the knowledge of Seller, threatened, against or affecting Seller which, if
determined adversely to Seller, would materially and adversely affect its ability to perform its obligations hereunder;

(v)     Neither
the execution, delivery or performance of this Agreement nor compliance herewith (i) conflicts or will conflict with or results
or will result in a breach of or constitutes or will constitute a default under (1) the organizational documents of Seller,
(2)  any law or any order, writ, injunction or decree of any court or governmental authority binding upon Seller, or (3) any
agreement or instrument to which Seller is a party or by which it is bound or (ii) results in the creation or imposition of
any lien, charge or encumbrance upon Seller’s property pursuant to any such agreement or instrument;

(vi)     No
authorization, consent, or approval of any governmental authority (including courts) is required for the execution and delivery
by Seller of this Agreement or the performance of its obligations hereunder;

(vii)     Seller
is not a “foreign person” as defined in Section 1445 of the Code;

(viii)     Neither
Seller nor, to Seller’s actual knowledge, its affiliates, is in violation of the Anti-Money Laundering and Anti-Terrorism
Laws. Neither Seller nor, to Seller’s actual knowledge, its affiliates, is acting, directly or indirectly, on behalf of terrorists,
terrorist organizations or narcotics traffickers, including those persons or entities that appear on the Annex to the Executive
Order, or are included on any relevant lists maintained by the Office of Foreign Assets Control of U.S. Department of Treasury,
U.S. Department of State, or other U.S. government agencies, all as may be amended from time to time. Neither Seller nor, to Seller’s
actual knowledge, its affiliates or, without inquiry, any of its brokers or other agents, in any capacity in connection with the
sale of the Property (A) conducts any business or engages in making or receiving any contribution of funds, goods or services to
or for the benefit of any person included in the lists referenced above, (B) deals in, or otherwise engages in any transaction
relating to, any property or interests in property blocked pursuant to the Executive Order, or (C) engages in or conspires to engage
in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions
set forth in any Anti-Money Laundering and Anti-Terrorism Laws. Neither Seller, nor any person controlling or controlled by Seller,
is a country, territory, individual or entity named on a Government List, and the monies used by Seller in connection with this
Agreement and amounts committed with respect hereto, were not and are not derived from any activities that contravene any applicable
anti-money laundering or anti-bribery laws and regulations (including funds being derived from any person, entity, country or territory
on a Government List or engaged in any unlawful activity defined under Title 18 of the United States Code, Section 1956(c)(7));

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(ix)     No
bankruptcy, insolvency, reorganization or similar action or proceeding, whether voluntary or involuntary, is pending, or, to the
best of Seller’s knowledge, has been threatened in writing, against Seller;

(b)     Representations
Concerning the Property.

(i)     To
the best of Seller’s knowledge, as of the Effective Date: (A) there are no Leases in effect with respect to the Property
except for the Leases listed on the Lease Schedule; provided, however, that the foregoing is not intended (and shall not be construed)
as a representation or warranty by Seller that any particular Lease will be in effect as of the Closing; (B) the Leases listed
on the Lease Schedule contain the entire agreement between Seller and the applicable Tenant with respect to the premises demised
under the applicable Lease; and (C) all amounts due and payable by Seller under the Leases on or before the Effective Date have
been paid in full;

(ii)     To
the best of Seller’s knowledge, Seller has delivered or made available to Purchaser copies that are complete in all material
respects of all Leases;

(iii)     To
the best of Seller’s knowledge Seller has received no written notice from any Tenant claiming that Seller is in default in
its obligations as landlord under such Tenant’s Lease that has not been cured or waived;

(iv)     Seller
has not received any written notice of any pending or threatened litigation against Seller that would, if determined adversely
to Seller, have a Material Adverse Effect from and after Closing;

(v)     Seller
has delivered or made available to Purchaser copies that are complete in all material respects of all Material Contracts that are
in Seller’s possession or control. Seller has not received any written notice of default by Seller under any Material Contract
that has not been cured or waived; and

(vi)     
Seller has not received any written notice from any governmental agency requiring the correction of any condition with respect
to the Real Property, or any part thereof, by reason of a material violation of any applicable federal, state, county or municipal
law, code, rule or regulation, that has not been cured or waived.

Section
7.3     Seller’s Knowledge. Whenever a representation is qualified by the phrase “to
the best of Seller’s knowledge”, or by words of similar import, the accuracy of such representation shall be based
solely on the actual (as opposed to constructive or imputed) knowledge of the Designated Seller Representatives, without independent
investigation or inquiry and without any duty to conduct any investigation or inquiry. Purchaser acknowledges that the Designated
Seller Representative is named solely for the purpose of defining the scope of Seller’s knowledge and not for the purpose
of imposing any liability on or creating any duties running from the Designated Seller Representatives to Purchaser and Purchaser
agrees that no Designated Seller Representative shall have any liability under this Agreement or in connection with the transactions
contemplated hereby and that no Designated Seller Representative shall be named individually in any suit, demand or proceeding
relating to this Agreement or the transactions contemplated hereby.

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Section 7.4     Anti-Sandbagging.
Notwithstanding anything to the contrary in this Agreement:

(a)     All
of Seller’s representations and warranties shall automatically be deemed modified to reflect Purchaser’s Knowledge
as of the end of the Study Period.

(b)     If,
after the expiration of the Study Period but prior to the Closing, Purchaser first obtains knowledge that any of the representations
or warranties made herein by Seller (as modified pursuant to Section 7.4(a)) are untrue, inaccurate or incorrect in any
material respect, Purchaser shall give Seller written notice thereof within five (5) Business Days of obtaining such knowledge
(but, in any event, prior to the Closing). In such event, Seller shall have the right (but not the obligation) to attempt to cure
such misrepresentation or breach and shall, at its option, be entitled to extend the Closing Date pursuant to Section 6.1(b)
for the purpose of such cure. If Seller elects to attempt to so cure but is unable to so cure any misrepresentation or breach of
warranty, or if Seller does not attempt any such cure, Purchaser, as its sole remedy for any and all such materially untrue, inaccurate
or incorrect representations or warranties, shall elect either (i) to waive such misrepresentations or breaches of representations
and warranties and consummate the transaction contemplated hereby without any reduction of or credit against the Purchase Price
and without any right to make a claim against Seller with respect thereto, or (ii) provided that such misrepresentation or breach
of warranty was not within Purchaser’s Knowledge as of the end of the Study Period, to terminate this Agreement in its entirety
by written notice given to Seller on the Closing Date (provided that Purchaser is allowed to terminate this Agreement in accordance
with Section 6.1(a)(ii)), in which event this Agreement shall be terminated, the Deposit shall be returned to Purchaser
promptly following Purchaser’s compliance with its obligations under Section 5.3(c) and, thereafter, neither
party shall have any further rights or obligations hereunder except as provided in any section hereof that by its terms expressly
provides that it survives any termination of this Agreement.

(c) All of Purchaser’s
representations and warranties shall automatically be deemed modified to reflect Seller’s knowledge.

Article
8

Closing

Section
8.1     Closing Date. Subject to Seller’s right to extend the Closing Date as provided in
this Agreement, the Closing shall take place at 10:00 a.m. on the Closing Date. Unless the parties otherwise agree in writing,
the Closing shall be conducted through a customary escrow arrangement with the Title Company. In the event that the Title Company
is not unconditionally released by Purchaser to pay to Seller the full amount of the Purchase Price, as increased or decreased
by prorations provided for herein, in immediately available wire transfer funds by 1:00 p.m. (East Coast Time) on the Closing Date,
at the Seller’s election the Closing shall be deemed to have occurred on the following Business Day and the credits and prorations
shall be recalculated accordingly.

Section
8.2     Seller’s Deliveries. At the Closing, Seller shall deliver or cause to be delivered,
at Seller’s sole expense, each of the following items, each executed and acknowledged to the extent appropriate:

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(a)     A
Deed for each Property;

(b)     The
Bill of Sale;

(c)     An
Assignment and Assumption Agreement for each Property;

(d)     A
non-foreign person affidavit sworn to by Seller as required by Section 1445 of the Code;

(e)     A
certificate updating the Seller Representations substantially in the form of Exhibit I;

(f)     A
Title Affidavit in the form attached hereto as Exhibit J and such evidence as may be reasonably required by the Title
Company relating to  the status and capacity of Seller and the authority of the Person or Persons who are executing the various
documents on behalf of Seller in connection with the sale of the Property;

(g)     A
duly-executed Closing Statement;

(h)     An
updated Lease Schedule;

(i)     The
Tenant Notices;

(j)     All
keys in Seller’s possession or control to all locks on the Improvements;

(k)     The
Leases;

(l)     Any
disclosures and/or reports that are required by state and/or local law in connection with the conveyance or real property; and

(m)     All
Contracts and all other documents in the possession or control of Seller or Seller’s agents and material to Purchaser’s
ownership or operation of the Property, including all permits, licenses, approvals, plans, specifications, guaranties and warranties
relating to the Property in Seller’s or Seller’s agent’s possession or control (all of which may be made available
at the Real Property as of the Closing) , but excluding the Excluded Items.

Section
8.3     Purchaser’s Deliveries. At the Closing, Purchaser shall deliver to Seller the following
items:

(a)     Immediately
available federal funds sufficient to pay the Purchase Price (less the Deposit, and subject to apportionments and adjustments as
set forth herein) and Purchaser’s share of all escrow costs and closing expenses. If the proceeds due from Purchaser are
not received by Seller in good funds by 3:00 p.m. East Coast Time on the Closing Date, the Purchaser shall be responsible for any
additional interest or other additional costs imposed by Seller’s lender in connection with the payoff of the existing mortgage
loan on the Property;

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(b)     Duly
executed and acknowledged originals of the Assignment and Assumption Agreements and the Closing Statement;

(c)     Such
evidence or documents as may reasonably be required by the Title Company evidencing the status and capacity of Purchaser and the
authority of the Person or Persons who are executing the various documents on behalf of Purchaser in connection with the purchase
of the Property;

(d)     Any
disclosures and/or reports that are required by state and/or local law in connection with the conveyance or real property; and

(e)     The
Tenant Notices.

Section
8.4     Costs and Prorations.

(a)     General.
The following shall be prorated between Seller and Purchaser as of 12:01 a.m. on the date on which the Closing occurs in accordance
with this Section 8.4 on the basis of the actual number of days of the month that have elapsed for the month in which
the Closing occurs, the actual number of days in such month and a 365 day year; provided, however, that prorations of annual payments
will be made based on the number of days of ownership in the applicable annual period and a 365 day year. Notwithstanding anything
to the contrary herein, if any of the Leases covering all or part of the Property provide that the tenants thereunder are responsible
for direct payment of any of the expenses, such expenses shall not be apportioned or prorated as between Seller and Purchaser.

(b)     Rents.     Seller
shall be entitled to all Rent attributable to any period before the Closing Date. Rent for the month in which the Closing occurs
shall be pro rated between Seller and Purchaser based upon the number of days in such month. Purchaser shall be credited at Closing
with: (i) all security or other deposits held by or on behalf of Seller with respect to the Property; (ii) any Rent received
by Seller and applicable to any period after the month in which the Closing occurs; and (iii) any interest earned as of the
Closing on security deposits or prepaid Rent held by or on behalf of Seller, to the extent that such interest is refundable to
Tenants under the terms of the applicable Lease or applicable law.

(c)     Delinquent
Rent. Delinquent Rent shall not be accrued or prorated at Closing. Any Delinquent Rent that is paid after the Closing Date
shall, subject to the terms below, be paid to Seller, and if Delinquent Rent is received by Purchaser, Purchaser shall pay the
Delinquent Rent to Seller promptly after collection by Purchaser as provided for in Section 8.4(f) below. Purchaser
shall use reasonable efforts to collect any Delinquent Rent after the Closing, provided that Purchaser shall not be required to
commence any legal proceedings or terminate any Lease. In the event Purchaser commences any action or proceeding against any Tenant
and as a result thereof collects any Delinquent Rent which Purchaser is required to remit to Seller, Purchaser shall be entitled
to deduct and retain a portion of the amount collected which is equal to the reasonable, third-party expenses incurred by Purchaser
in connection with the collection of such Delinquent Rent. Purchaser shall not waive any Delinquent Rent or modify or amend any
Lease so as to reduce the Delinquent Rent owed by the Tenant for any period in which Seller is entitled to receive such Delinquent
Rent, without first obtaining Seller’s written consent.

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Following the Closing,
Seller shall have the right to pursue claims against any Tenant or other party for sums due with respect to periods prior to the
Closing; provided, however, that with respect to any legal proceedings against any Tenant, Seller (1) shall
be required to notify Purchaser in writing of its intention to commence or pursue such legal proceedings; (2) shall only be
permitted to commence or pursue any legal proceedings after the date which is twelve (12) months after Closing; and (3) shall
not be permitted to commence or pursue any legal proceedings against any tenant seeking eviction of such Tenant or the termination
of the underlying Lease. Purchaser shall promptly sign such consents and authorizations and otherwise cooperate with Seller in
pursuit of such claims as may be reasonably requested, all at Seller’s expense.

(d)     Taxes.
With respect to the portion of the Property located in the State of Ohio, all real estate taxes and assessments imposed by any
governmental agency, any charges or assessments imposed by private covenant constituting a lien on the Real Property, and vault
taxes, and any personal property taxes shall be prorated between Seller and Purchaser based upon the actual current bills and shall
not be readjusted following the Closing. The parties acknowledge that taxes in the State of Ohio are paid in arrears, such that
the tax bill due in June of 2014 relates to taxes for the second half of the 2013 calendar year. Taxes and assessments for the
State of Ohio that have accrued for the year of Closing shall be prorated as of the Closing Date. For example, if the Closing Date
is October 1, 2014, and the tax has not been paid, then the Seller would provide a credit to the Purchaser in an amount calculated
as follows: divide the annual real property tax amount by 365, and multiply the resulting quotient by the number of days from and
after October 1 in 2014, or 92.

With respect to
the portion of the Property located in the Commonwealth of Kentucky, all real estate taxes and assessments imposed by any governmental
agency, any charges or assessments imposed by private covenant constituting a lien on the Real Property, and vault taxes, and any
personal property taxes shall be prorated between Seller and Purchaser on an accrual basis based upon the actual current bills.
If the most recent tax bill received by Seller before the Closing Date with respect to such Commonwealth of Kentucky real estate
taxes is not the actual current tax bill, then Seller and Purchaser shall initially prorate the taxes at the Closing by applying
100% of the tax rate for the period covered by the most current available tax bill to the latest assessed valuation, and shall
reprorate the taxes retroactively when the actual current tax bill is then available; provided, however, that in no event shall
Seller be charged with or responsible for any increase in real estate taxes resulting from the sale of the Property to Purchaser
or from any improvements made or Leases entered into on or after the Closing. All real estate taxes accruing before the Closing
Date shall be the obligation of Seller and all such taxes accruing on and after the Closing Date shall be the obligation of Purchaser.

Any refunds of real
estate taxes made after the Closing shall first be applied to the unreimbursed third-party costs incurred by Seller or Purchaser
in obtaining the refund, then paid to any Tenants who are entitled to the same and the balance, if any, shall be paid to Seller
(for the period prior to the Closing Date) and to Purchaser (for the period commencing on and after the Closing Date).

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If the Property
has been assessed for property tax purposes at such rates as would result in reassessment (i.e., “escape assessment”
or “roll-back taxes”) based upon the change in land usage or ownership of the Property on or after the Closing Date,
Purchaser hereby agrees to pay all such taxes and to indemnify and save Seller harmless from and against all costs and liabilities
for such taxes, which indemnity shall survive the Closing, which indemnification shall survive the Closing.

The foregoing provisions
of Section 8.4(d) shall not apply to the extent that the Lease provides that the Tenant under the Lease is liable to pay
such taxes either directly or to Seller to use to pay such taxes directly.

(e)     Operating
Expense Pass Through Adjustments. Seller, as landlord under the Leases, is currently collecting from Tenants under all
or some of the Leases additional rent to cover taxes, insurance, utilities, maintenance and other operating costs and expenses
(collectively, “Operating Expense Pass-Throughs”) incurred by Seller in connection with the ownership, operation, maintenance
and management of the Property. Upon Purchaser’s reconciliation of the Operating Expense Pass-Throughs for the year in which
Closing occurs, the parties shall make an adjusting payment between themselves so that, with respect to any amounts recovered from
Tenants, or if applicable, refunded to Tenants, with respect to Operating Expense Pass-Throughs, (i) Seller receives from Purchaser
any such amount recovered by Purchaser from Tenants with respect to under-collections of Operating Expense Pass-Throughs by Seller
relating to the portion of the year of Closing that occurs prior to the date of Closing, and (ii) Purchaser receives from Seller
any such amounts to be paid to Tenants by Purchaser with respect to over-collections of Operating Expense Pass-Throughs by Seller
relating to the portion of the year of Closing that occurs prior to the date of Closing. In either event, Purchaser shall be responsible
for crediting or repaying those amounts to the appropriate Tenants. If Seller collected estimated prepayments of Operating Expense
Pass-Throughs attributable to any period after Closing, Seller shall pay or credit such amounts to Purchaser at Closing. The provisions
of this Section 8.4(e) shall survive the Closing.

(f)     Application
of Payments Received After Closing. Following the Closing, Delinquent Rent and all other amounts received under the Leases
following the Closing (collectively, the “Tenant Receivables”) shall be applied if and when collected in the
following order of priority: (i) first, in payment of Tenant Receivables owed by the applicable Tenant for the month in
which the Closing occurs (apportioned between Purchaser and Seller based upon their respective periods of ownership in such month
and the actual number of days in such month);  (ii) second, in payment of Tenant Receivables owned by the applicable
Tenant for the month immediately following the month in which the Closing occurs, which amount shall be retained by Purchaser;
(iii) third, in payment of Tenant Receivables owed by the applicable Tenant for the month immediately before the month
in which the Closing occurs, which amounts shall be paid to and retained by Seller; (iv) fourth, for payment of Tenant Receivables
owed by the applicable Tenant for any period after the month in which the Closing occurs, which amounts shall be retained by Purchaser;
and (v) fifth, in payment of any remaining Tenant Receivables owed by the applicable Tenant for any period before the month
in which the Closing occurs, which amounts shall be paid to and retained by Seller. Each such amount, less any reasonable, third
party costs of collection (including reasonable counsel fees), shall be adjusted and prorated as provided above, and the party
who receives such amount shall promptly pay over to the other

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party the portion
thereof to which it is so entitled. Following the Closing, Purchaser shall bill all Tenants that owe Rents for periods prior to
the Closing on a monthly basis and shall use commercially reasonable efforts to attempt to collect such past due Rents, provided
that Purchaser shall not be obligated to engage a collection agency or take legal action to collect such amounts. Following the
Closing, Seller shall have the right to pursue the Tenants to collect such delinquencies, provided that, following the Closing,
Seller shall not take any action to evict any Tenant or to terminate any Lease. Seller shall furnish to Purchaser all information
relating to the period prior to the Closing that is in Seller’s possession or control and is reasonably necessary for the
billing of such Rents and Purchaser will deliver to Seller, concurrently with the delivery to Tenants, copies of all statements
relating to Rents for any period prior to the Closing. Purchaser shall bill Tenants for Rents for accounting periods prior to the
Closing in accordance with and on the basis of such information furnished by Seller. Until such time as all amounts required to
be paid to Seller by Purchaser pursuant to this Section 8.4 shall have been paid in full, Purchaser shall furnish to Seller,
promptly following Seller’s written request, a reporting of Rents that have been collected by Purchaser after the Closing
with respect to the Tenant Receivables. Seller shall also have the right from time to time for a period of no more than twelve
(12) months following the Closing, upon reasonable prior written notice to Purchaser and during ordinary business hours, to review
Purchaser’s rental records with respect to such Leases.

(g)     Assessment
Installments. If there are special assessments pending against the Property, Seller shall pay any installments of such
special assessments that are due and payable prior to the Closing and Purchaser shall pay all installments of such special assessments
on or after the Closing; provided, however, that: (i) Seller shall not be required to pay any installments of special assessments
that relate to projects that have not been completed as of the Effective Date; and (ii) Seller shall have no obligation to pay
(and Purchaser shall not receive a credit for) any special assessments to the extent that such assessments are required to be paid
by any Tenant.

(h)     Utilities.
Final readings and final billings for utilities will be made if possible as of the Closing Date, in which event no proration shall
be made at the Closing with respect to utility bills; otherwise a proration shall be made based upon the parties’ reasonable
good faith estimate and a readjustment made within thirty (30) days after Closing. Seller shall receive the entire advantage of
any discounts for any prepayment by Seller prior to the Closing of any taxes, water or sewer charges, utility expenses or similar
charges. Utility Deposits, plus any interest on the Utility Deposits to which Seller is or will be entitled that are held by the
provider of the utilities and which are freely transferable to Purchaser, shall at the election of Seller be assigned by Seller
to Purchaser and Purchaser shall pay Seller the full amount thereof at Closing. Seller shall retain the right to obtain a refund
of any Utility Deposits which are not required to be assigned to Purchaser, and Purchaser will cooperate with Seller as reasonably
requested in obtaining any refund.

(i)     Contracts.
Prepaid charges, payments and accrued charges under any Contracts assigned to Purchaser shall be prorated at Closing in a manner
reasonably acceptable to Seller and Purchaser, provided Seller shall have no responsibility for (and Purchaser shall not receive
a credit for) any unpaid amounts under any Contracts to the extent that such payments are required to be paid or reimbursed by
any Tenant (i.e., such unpaid amounts shall not be prorated but shall be passed on to such Tenants by Purchaser following the Closing).

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(j)     Other.
Such other items of income and expense as are customarily apportioned between sellers and buyers of commercial real estate in the
jurisdiction in which the Real Property is located.

(k)     Closing
Statement. Purchaser and Seller shall cooperate to produce prior to the Closing Date a schedule of prorations and closing
costs that is as complete and accurate as reasonably possible (the “Closing Statement”). If any of the aforesaid
prorations cannot be calculated accurately on the Closing Date, then they shall be estimated to the extent possible as of the Closing
and calculated as soon after the Closing Date as is feasible. All adjustments to initial estimated prorations shall be made by
the parties with due diligence and cooperation within sixty (60) days following the Closing, or such later time as may be required
to obtain necessary information for proration, by prompt cash payment to the party yielding a net credit from such prorations from
the party; provided, however, that the provisions of this paragraph shall survive the Closing until March 31, 2015 and after such
date neither Seller nor Purchaser shall have any further rights or obligations under this Section 8.4 other than as
provided for in Section 8.4(l), (m) and (n).

(l)     Closing
Costs. Purchaser and Seller shall each pay their own legal fees related to the preparation of this Agreement and all documents
required to settle the transaction contemplated hereby. Purchaser shall pay (i) all costs associated with its due diligence, including
the cost of appraisals, architectural, engineering, credit and environmental reports, and (ii) all survey costs. Seller shall pay
(i) all transfer taxes and documentary stamp charges, and (ii) the title insurance premium and charges and all title examination
costs in connection with Purchaser’s “base” owner’s title insurance policy, except that Purchaser shall
pay the cost of any endorsements and/or “extended coverage” that it may request. All other customary purchase and sale
closing costs shall be paid by Seller or Purchaser in accordance with the custom in the jurisdiction where the Property is located.
Notwithstanding anything to the contrary in this Agreement, the provisions of this Section 8.4(l) shall survive the
Closing or termination of this Agreement.

(m)     Lease
Expenses. Purchaser shall pay and be responsible for all Purchaser Lease Expenses. At Closing, Purchaser shall reimburse
Seller for any and all Purchaser Lease Expenses to the extent the same have been paid by Seller prior to Closing. In addition,
at Closing, Purchaser shall assume the obligation to pay, when due (whether on a stated due date or by acceleration) any Purchaser
Lease Expenses that are unpaid as of the Closing, and Purchaser hereby agrees to indemnify, defend and hold Seller harmless from
and against any and all claims and costs relating to all Purchaser Lease Expenses. Purchaser’s obligations under this Section 8.4(m)
shall survive the Closing.

(n)     Intentionally
Deleted.

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(o)     Assignment
of Rights Concerning Construction. The Intangible Property assigned to Purchaser at the Closing includes, without representation
or warranty of any kind, any rights that Seller has or may have against third parties which have provided, or may provide, goods
and services in connection with the design and/or construction of the Improvements. Purchaser acknowledges and agrees that Purchaser’s
recourse for any defects or deficiencies in any Improvements shall not be against Seller but solely against such third party which
provided the goods or services related to the Improvements. The provisions of this Section 8.4(o) shall survive the
Closing.

Section
8.5     Tenant Notices. Seller and Purchaser agree to execute, at Closing, a written notice of
the acquisition of the Property by Purchaser, in sufficient copies for transmittal to all Tenants and properly addressed to all
such Tenants (the “Tenant Notices”). Such notice shall be prepared by Purchaser and approved by Seller, shall
notify the Tenants of the sale and transfer and shall contain appropriate instructions relating to the payment of future rentals,
the giving of future notices, and other matters reasonably required by Purchaser or required by law. Purchaser shall submit the
Tenant Notices to Seller not less than two (2) Business Days before the Closing Date. Unless a different procedure is required
by applicable law, in which event such laws shall be controlling, Purchaser agrees to transmit or otherwise deliver such letters
to the Tenants promptly after the Closing.

Article
9

Real Estate Commission

Section
9.1     Commissions. If and when, but only if and when, the Closing is completed and the Purchase
Price is paid in full, Seller shall be obligated to pay a real estate commission and/or brokerage fee to Seller’s Broker
in accordance with a separate agreement between Seller and Seller’s Broker. Seller shall indemnify Purchaser against all
claims, costs and liability relating to any claim by Seller’s Broker or any other Person claiming by, through or under Seller’s
Broker. Such commissions shall be paid in full at Closing. Seller and Purchaser represent and warrant to each other that no other
brokerage fee or real estate commission is or shall be due or owing in connection with this transaction, and Seller and Purchaser
hereby indemnify and hold the other harmless from any and all claims of any other broker or agent based on action or alleged action
of such indemnifying party. The provisions of this paragraph shall survive the Closing or termination of this Agreement.

Article
10

Termination and Default

Section
10.1     Termination without Default. If the sale of the Property is not consummated because of
the failure of any condition precedent to Purchaser’s obligations expressly set forth in this Agreement or for any other
reason except a default by Purchaser in its obligation to purchase the Property in accordance with the provisions of this Agreement,
and provided that Purchaser has performed or tendered performance of all of its material obligations under this Agreement, the
Deposit shall be returned to Purchaser promptly following Purchaser’s compliance with its obligations under Section 5.3(c)
and the parties shall have no further obligation to each other except for those obligations that expressly survive the termination
of this Agreement.

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Section
10.2     Purchaser’s Default. If the sale contemplated hereby is not consummated because
of a default by Purchaser after Seller has performed or tendered performance of all of its obligations in accordance with this
Agreement, then: (a) this Agreement shall terminate; (b) the Deposit shall be paid to and retained by Seller as liquidated
damages; and (c) except for those obligations that expressly survive the termination of this Agreement, Seller and Purchaser shall
have no further obligations to each other. THE PARTIES HERETO, BEFORE ENTERING INTO THIS AGREEMENT, HAVE BEEN CONCERNED WITH THE
FACT THAT SUBSTANTIAL DAMAGES WILL BE SUFFERED BY SELLER IN THE EVENT THAT PURCHASER SHOULD FAIL TO PURCHASE THE PROPERTY SUBJECT
TO AND IN ACCORDING TO THE TERMS AND CONDITIONS OF THIS AGREEMENT. PURCHASER AND SELLER ACKNOWLEDGE THAT THE DAMAGES TO SELLER
IN THE EVENT OF A BREACH OF THIS AGREEMENT BY PURCHASER WOULD BE DIFFICULT OR IMPOSSIBLE TO DETERMINE, THAT THE AMOUNT OF THE DEPOSIT
REPRESENTS THE PARTIES’ BEST AND MOST ACCURATE ESTIMATE OF THE DAMAGES THAT WOULD BE SUFFERED BY SELLER IF THE TRANSACTION
SHOULD FAIL TO CLOSE AND THAT SUCH ESTIMATE IS REASONABLE UNDER THE CIRCUMSTANCES EXISTING AS OF THE EFFECTIVE DATE AND UNDER THE
CIRCUMSTANCES THAT SELLER AND PURCHASER REASONABLY ANTICIPATE WOULD EXIST AT THE TIME OF SUCH BREACH. THE PARTIES, HAVING MADE
A DILIGENT ENDEAVOR TO ASCERTAIN THE ACTUAL COMPENSATORY DAMAGES WHICH SELLER WOULD SUFFER IN THE EVENT OF PURCHASER’S FAILURE
TO PURCHASE THE PROPERTY SUBJECT TO AND IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THIS AGREEMENT, HEREBY AGREE THAT THE REASONABLE
ESTIMATE OF SAID DAMAGES IS THE SUM EQUAL TO THE AMOUNT OF THE DEPOSIT. THEREFORE, IN THE EVENT THAT THE SALE CONTEMPLATED HEREBY
SHALL FAIL TO CLOSE FOR ANY REASON OTHER THAN SELLER’S DEFAULT HEREUNDER OR THE FAILURE OF ANY CONDITION PRECEDENT IN FAVOR
OF PURCHASER EXPRESSLY SET FORTH IN THIS AGREEMENT, SELLER SHALL BE ENTITLED TO AND SHALL RETAIN THE ENTIRE DEPOSIT AS LIQUIDATED
DAMAGES AND AS ITS SOLE REMEDY AT LAW OR IN EQUITY. THE AMOUNT OF THE LIQUIDATED DAMAGES HAS BEEN ESTABLISHED BY THE PARTIES AS
THE AMOUNT OF THE MONETARY DAMAGES SELLER WILL SUFFER BASED UPON A FAILURE BY PURCHASER TO PURCHASE THE PROPERTY AND SELLER SHALL
BE ENTITLED TO RECOVER NO OTHER DAMAGES FROM PURCHASER BASED UPON A FAILURE BY PURCHASER TO PURCHASE THE PROPERTY.

This Section 10.2
is intended only to liquidate and limit Seller’s right to damages arising due to Purchaser’s failure to purchase the
Property in accordance with the terms of this Agreement and shall not limit the other obligations of Purchaser under this Agreement.

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Section
10.3     Seller’s Default. If Purchaser shall have performed or tendered performance of
all of its material obligations under this Agreement, and the sale contemplated hereby is not consummated because of a default
by Seller in its obligation to sell the Property in accordance with the terms of this Agreement, then, Purchaser may, as its sole
and exclusive remedy at law or in equity: (a) terminate this Agreement by giving written notice thereof to Seller, in which event
the Deposit will be returned to Purchaser promptly following Purchaser’s compliance with its obligations under Section 5.3(c)
and the parties shall have no further obligation to each other except for those obligations that expressly survive the termination
of this Agreement; provided, however, that if (A) the transaction contemplated hereby fails to close solely on account of Seller’s
failure to execute and deliver the closing documents that Seller is required to execute and deliver in accordance with the terms
of this Agreement and (B) Purchaser terminates this Agreement pursuant to this Section 10.3(a), then Seller shall reimburse
Purchaser for the reasonable, third-party expenses incurred by Purchaser in connection with its proposed acquisition of the Property,
such reimbursement not to exceed Seventy Five Thousand Dollars ($75,000) and to be subject to Seller’s receipt of reasonably
satisfactory evidence of such third-party expenses; (b) waive such default and consummate the transactions contemplated hereby
in accordance with the terms of this Agreement; or (c) specifically enforce this Agreement. Purchaser hereby irrevocably waives
any other right or remedy for such default. As a condition precedent to Purchaser exercising any right to bring an action for specific
performance as the result of Seller’s default hereunder, Purchaser must commence such action within forty five (45) days
after the occurrence of such default. Purchaser agrees that its failure timely to commence such an action for specific performance
within such period shall be deemed a waiver by it of its right to commence such an action.

Section
10.4     Breach of Representations. Seller and Purchaser agree that, following the Closing, each
shall be liable for the direct, but not consequential, incidental, indirect, punitive, special or exemplary, damages or lost profits,
resulting from any breach of its representations and warranties expressly set forth in Article 7 hereof; provided, however,
that: (i) the total liability of Seller for all such breaches and any matters relating thereto or under any law applicable
to the Property or this transaction shall not, in the aggregate, exceed Three Hundred Seventy Five Thousand Dollars ($375,000)
(the “Claim Cap”); (ii) the total liability of Purchaser for all such breaches and any matters relating
thereto or under any law applicable to the Property or this transaction shall not, in the aggregate, exceed the Claim Cap; (iii)
such representations and warranties are personal to Seller and Purchaser and may not be assigned to or enforced by any other Person,
other than to an assignee of Purchaser in accordance with Section 11.3 (but not to any successor or assign of such
assignee); and (iv) the representations and warranties of Seller set forth in this Agreement or in any document or certificate
delivered by Seller in connection herewith shall survive the Closing for a period of six (6) months, and no action or proceeding
thereon shall be valid or enforceable, at law or in equity, if a legal proceeding is not commenced within that time. Notwithstanding
the foregoing, however, if the Closing occurs, Purchaser hereby expressly waives, relinquishes and releases any right or remedy
available to it at law, in equity, under this Agreement or otherwise to make a claim against Seller for damages that Purchaser
may incur, or to rescind this Agreement and the transactions contemplated hereby, as the result of any of Seller’s representations
or warranties in this Agreement or any document executed by Seller in connection herewith being untrue, inaccurate or incorrect
if the same was within Purchaser’s Knowledge at the time of the Closing. Purchaser further agrees that, following the Closing,
no claim may or shall be made for any alleged breach of any representations or warranties made by Seller under or relating to this
Agreement unless the amount of such claim or claims, individually or in the aggregate, exceeds $25,000 (in which event the full
amount of such valid claims against Seller, and not just the amount above $25,000, shall be actionable up to, but not in excess
of, the Claim Cap). During the Survival Period, Seller shall maintain a liquid net worth at least equal to the Claim Cap.

    	35

    	 

    

 

Article
11

Miscellaneous

Section
11.1     Entire Agreement. This Agreement constitutes the entire agreement between the parties
hereto with respect to the transactions contemplated herein, and it supersedes all prior discussions, understandings or agreements
between the parties. All Exhibits and Schedules attached hereto are a part of this Agreement and are incorporated herein by reference.

Section
11.2     Binding On Successors and Assigns. Subject to Section 10.4 and Section 11.3,
this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

Section
11.3     Assignment by Purchaser.
Without the prior written consent of Seller in its sole discretion, Purchaser shall not, directly or indirectly, assign this Agreement
or any of its rights hereunder. Any attempted assignment in violation hereof shall, at the election of Seller, be of no force or
effect and shall constitute a default by Purchaser. Notwithstanding the foregoing, Purchaser may assign its rights under this Agreement
to one or more entities subject to the following conditions: (a) the assignment must be to a limited partnership, limited
liability company or other entity (or entities) controlled by Purchaser or the owners of Purchaser and in which Purchaser or the
owners of Purchaser own, directly or indirectly, at least a fifty-one percent (51%) interest; (b) such assignee(s) must assume
all of Purchaser’s obligations hereunder and become jointly and severally liable with Purchaser for all such obligations;
(c) the assignee(s) must be able to truthfully make the ERISA and Anti-Money Laundering and Anti-Terrorism Law-related representations
set forth herein; (d) there shall be no “mark-up” or increase in the Purchase Price; and (e) Purchaser shall provide
Seller with prior notice thereof (at least two (2) Business Days prior to the Closing Date) and evidence that the foregoing conditions
are satisfied. In the event that Purchaser assigns its rights under this Agreement pursuant to the foregoing sentence, all instruments,
documents and agreements required to be delivered to the Purchaser hereunder shall be delivered to, and run for the benefit of
the assigned entity(ies), and such entity(ies) (rather than Purchaser) shall execute and deliver any instruments, documents or
agreements required to be executed and delivered by Purchaser hereunder.

Section
11.4     Waiver. The excuse or waiver of the performance by a party of any obligation of the other
party under this Agreement shall only be effective if evidenced by a written statement signed by the party so excusing or waiving.
No delay in exercising any right or remedy shall constitute a waiver thereof, and no waiver by Seller or Purchaser of the breach
of any covenant of this Agreement shall be construed as a waiver of any preceding or succeeding breach of the same or any other
covenant or condition of this Agreement.

Section
11.5     Governing Law.

(a)     This
Agreement shall be construed and the rights and obligations of Seller and Purchaser hereunder determined in accordance with the
internal laws of the State of Ohio without regard to the principles of choice of law or conflicts of law.

    	36

    	 

    

 

(b)     In
recognition of the benefits of having any disputes with respect to this Agreement resolved by an experienced and expert person,
Seller and Purchaser hereby agree that any suit, action, or proceeding, whether claim or counterclaim, brought or instituted by
any party hereto on or with respect to this Agreement or which in any way relates, directly or indirectly, to this Agreement or
any event, transaction, or occurrence arising out of or in any way connected with this Agreement or the Property, or the dealings
of the parties with respect thereto, shall be tried only by a court and not by a jury. EACH PARTY HEREBY EXPRESSLY WAIVES ANY
RIGHT TO A TRIAL BY JURY IN ANY SUCH SUIT, ACTION, OR PROCEEDING.

(c)     Each
of Seller and the Purchaser: (i) agrees that any suit, action or other proceeding arising out of or based upon this Agreement or
the subject matter hereof or any documents delivered in connection herewith shall be brought only in the courts of The Commonwealth
of Massachusetts or the United States District Court for the District of Massachusetts; (ii) irrevocably submits itself to the
exclusive jurisdiction of the such courts for the purpose of any suit, action or other proceeding arising out of or based upon
this Agreement or the subject matter hereof or any documents delivered in connection herewith; (iii) waives, and agrees not to
assert, by way of motion, as a defense or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally
to the jurisdiction of the above named courts, that its property is exempt or immune from attachment or execution, that the suit,
action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that
this Agreement or the subject matter hereof may not be enforced in or by such court; and (iv) consents to service of process by
registered mail at the address to which notices are to be given if personal service is not with the exercise of reasonable efforts
possible.

The provisions of
this Section 11.5 shall survive the Closing or termination of this Agreement.

Section
11.6     Counterparts. This Agreement may be executed in any number of counterparts and it shall
be sufficient that the signature of each party appear on one or more such counterparts. All counterparts shall collectively constitute
a single agreement.

Section
11.7     Notices. All notices or other communications required or provided to be sent by either
party shall be in writing and shall be sent: (i) by United States Postal Service, certified mail, return receipt requested, (ii)
by any nationally known overnight delivery service for next day delivery, or (iii) by delivery in person. Notices may be sent by
electronic mail, and shall be deemed delivered as of the date and time of entrance of such electronic mail into the information
processing system designated by the recipient’s electronic mail address, provided that an additional copy is concurrently
sent by one of the other means set forth above. All notices shall be deemed to have been given upon receipt provided that such
receipt occurs on or before 6:00 p.m. local time on a Business Day; otherwise, such notice shall be deemed to have been given on
the next succeeding Business Day. All notices shall be addressed to the parties at the addresses below:

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	To Seller:	 	c/o Trident Capital Group
	 	 	40 Grove Street, Suite 250
	 	 	Wellesley, Massachusetts 02482
	 	 	Attn:  David Pizzotti
	 	 	Email:  dpizzotti@tridentcapitalgroup.com
	 	 	 
	and with a copy to:	 	DLA Piper LLP (US)
	 	 	33 Arch Street
	 	 	Boston, Massachusetts 02110
	 	 	Attn: Primo A. J. Fontana, Esq.
	 	 	Email:  primo.fontana@dlapiper.com
	To Purchaser:	 	Plymouth Industrial REIT, Inc.
	 	 	260 Franklin Street – 19th Floor
	 	 	Boston, MA 02109
	 	 	Attn:  Pendleton White, Jr.
	 	 	Email:  pen.white@plymouthrei.com
	 	 	 
	with a copy to:	 	Brown Rudnick LLP
	 	 	One Financial Center
	 	 	Boston, MA 02111
	 	 	Attn:  Paul C. Laudano, Esq.
	 	 	Gregory S. Sampson, Esq.
	 	 	Email:  plaudano@brownrudnick.com
	 	 	         gsampson@brownrudnick.com
	 	 	 
	To Escrow Agent:	 	Commonwealth Land Title Insurance 
	 	 	265 Franklin Street
	 	 	Boston, MA 02110
	 	 	Attn:  Robert J. Capozzi, Esq.
	 	 	Telephone:  (617) 619-4808
	 	 	Email:  Robert.Capozzi@fnf.com

 

Any address or name
specified above may be changed by notice given to the addressee by the other party in accordance with this Section 11.7.
The inability to deliver notice because of a changed address of which no notice was given as provided above, or because of rejection
or other refusal to accept any notice, shall be deemed to be the receipt of the notice as of the date of such inability to deliver
or rejection or refusal to accept. Any notice to be given by any party hereto may be given by the counsel for such party.

Section
11.8     Attorneys’ Fees. In the event of a judicial or administrative proceeding or action
by one party against the other party with respect to the interpretation or enforcement of this Agreement, the prevailing party
shall be entitled to recover reasonable costs and expenses including reasonable attorneys’ fees and expenses, whether at
the investigative, pretrial, trial or appellate level. The prevailing party shall be determined by the court based upon an assessment
of which party’s major arguments or position prevailed. The provisions of this Section 11.8 shall survive the
Closing or termination of this Agreement.

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Section
11.9     IRS Real Estate Sales Reporting. Purchaser and Seller hereby agree that the Escrow Agent
shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to
Section 6045(e) of the Code and shall prepare and file all informational returns, including IRS Form 1099-S, and shall
otherwise comply with the provisions of Section 6045(e) of the Code. The provisions of this Section 11.9 shall
survive the Closing.

Section
11.10     Time Periods. Any reference in this Agreement to the time for the performance of obligations
or elapsed time shall mean consecutive calendar days, months, or years, as applicable. In the event the time for performance of
any obligation hereunder expires on a day that is not a Business Day, the time for performance shall be extended to the next Business
Day.

Section
11.11     Modification of Agreement. This Agreement may not be amended or modified except by a
written agreement signed by both Seller and Purchaser that expressly states that it is intended to amend this Agreement.

Section
11.12     Further Instruments. Each party, promptly upon the request of the other, shall execute
and have acknowledged and delivered to the other or to Escrow Agent, as may be appropriate, any and all further instruments reasonably
requested or appropriate to evidence or give effect to the provisions of this Agreement and which are consistent with the provisions
of this Agreement.

Section
11.13     Descriptive Headings; Word Meaning. The descriptive headings of the paragraphs of this
Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any provisions of this
Agreement. Words such as “herein”, “hereinafter”, “hereof” and “hereunder” when
used in reference to this Agreement, refer to this Agreement as a whole and not merely to a subdivision in which such words appear,
unless the context otherwise requires. The singular shall include the plural and the masculine gender shall include the feminine
and neuter, and vice versa, unless the context otherwise requires. The word “including” shall not be restrictive and
shall be interpreted as if followed by the words “without limitation.”

Section
11.14     Time of the Essence. Time is of the essence of this Agreement and all covenants and
deadlines hereunder. Without limiting the foregoing, Purchaser and Seller hereby confirm their intention and agreement that time
shall be of the essence of each and every provision of this Agreement, notwithstanding any subsequent modification or extension
of any date or time period that is provided for under this Agreement. The agreement of Purchaser and Seller that time is of the
essence of each and every provision of this Agreement shall not be waived or modified by any conduct of the parties, and the agreement
of Purchaser and Seller that time is of the essence of each and every provision of this Agreement may only be modified or waived
by the express written agreement of Purchaser and Seller that time shall not be of the essence with respect to a particular date
or time period, or any modification or extension thereof, which is provided under this Agreement.

Section
11.15     Construction of Agreement. This Agreement shall not be construed more strictly against
one party than against the other merely by virtue of the fact that it may have been prepared primarily by counsel for one of the
parties, it being recognized that both Purchaser and Seller have contributed substantially and materially to the preparation of
this Agreement.

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Section
11.16     Limitations on Liability.

(a)     Notwithstanding
anything to the contrary in this Agreement, and subject to any additional limitations on Seller’s liability set forth elsewhere
in this Agreement: (a) Purchaser’s recourse against Seller under this Agreement or any agreement, document, certificate or
instrument delivered by Seller hereunder, or under any law, rule or regulation relating to the Property, shall be limited to Seller’s
interest in the Property (or, following the Closing, to the net proceeds of the sale of the Property actually received by Seller);
and (b) in no event shall any of the Seller Parties have any personal liability under this Agreement, in connection with the transactions
contemplated herein or under any document delivered in connection with the transaction contemplated hereby. The acceptance of the
Deed shall constitute full performance of all of Seller’s obligations hereunder other than those obligations of Seller that
by the express terms hereof survive the Closing. For purposes of this Section 11.16(a), no negative capital account
or any contribution or payment obligation of any partner or member of Seller shall constitute an asset of Seller.

(b)     Notwithstanding
anything to the contrary in this Agreement, no owner, manager, employee, officer, director or agent of Purchaser nor any of their
respective direct or indirect members, managers, owners, officers, directors, agents or employees shall have any personal liability
under this Agreement, in connection with the transactions contemplated herein or under any document delivered in connection with
the transaction contemplated hereby.

The provisions of
this Section 11.16 shall survive the Closing or termination of this Agreement.

Section
11.17     Severability. The parties hereto intend and believe that each provision in this
Agreement comports with all applicable local, state and federal laws and judicial decisions. If, however, any provision in this
Agreement is found by a court of law to be in violation of any applicable local, state, or federal law, statute, ordinance, administrative
or judicial decision, or public policy, or if in any other respect such a court declares any such provision to be illegal, invalid,
unlawful, void or unenforceable as written, then it is the intent of all parties hereto that, consistent with and with a view towards
preserving the economic and legal arrangements among the parties hereto as expressed in this Agreement, such provision shall be
given force and effect to the fullest possible extent, and that the remainder of this Agreement shall be construed as if such illegal,
invalid, unlawful, void, or unenforceable provision were not contained herein, and that the rights, obligations, and interests
of the parties under the remainder of this Agreement shall continue in full force and effect.

Section
11.18     No Recording. The provisions hereof shall not constitute a lien on the Property. Neither
Purchaser nor its agents or representatives shall record or file this Agreement or any notice or memorandum hereof in any public
records. If Purchaser breaches the foregoing provision, this Agreement shall, at Seller’s election, terminate, and Seller
shall retain the Deposit in accordance with Section 10.2. Purchaser hereby irrevocably appoints Seller as its
true and lawful attorney-in-fact, coupled with an interest, for the purpose of executing and recording such documents and performing
such other acts as may be necessary to terminate any recording or filing of this Agreement or any notice or memorandum hereof in
violation of this provision. The provisions of this Section 11.18 shall survive the Closing or termination of this
Agreement.

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Section
11.19     No Implied Agreement. Neither Seller nor Purchaser shall have any obligations in connection
with the transaction contemplated by this Agreement unless both Seller and Purchaser, each acting in its sole discretion, elects
to execute and deliver this Agreement to the other party. No correspondence, course of dealing or submission of drafts or final
versions of this Agreement between Seller and Purchaser shall be deemed to create any binding obligations in connection with the
transaction contemplated hereby, and no contract or obligation on the part of Seller or Purchaser shall arise unless and until
this Agreement is fully executed by both Seller and Purchaser. Once executed and delivered by Seller and Purchaser, this Agreement
shall be binding upon them notwithstanding the failure of Escrow Agent or any broker or other Person to execute this Agreement.

Section
11.20     Facsimile Signatures. Signatures to this Agreement, any amendment hereof and any notice
given hereunder, delivered electronically via facsimile, .pdf, .jpeg, .TIF, .TIFF or similar electronic format shall be deemed
an original signature and fully effective as such for all purposes. Each party agrees to deliver promptly an executed original
of this Agreement (and any amendment hereto) with its actual signature to the other party, but a failure to do so shall not affect
the enforceability of this Agreement (or any amendment hereto), it being expressly agreed that each party to this Agreement shall
be bound by its own telecopied or electronically transmitted signature and shall accept the telecopied or electronically transmitted
signature of the other party to this Agreement. A signature of a party delivered electronically via facsimile, .pdf, .jpeg, .TIF,
..TIFF or similar electronic format shall be deemed an original signature and fully effective as such for all purposes.

Section
11.21     Escrow Provisions. Escrow Agent shall hold the Deposit in accordance with the terms
and provisions of this Agreement, subject to the following:

(a)     Obligations.
Escrow Agent undertakes to perform only such duties as are expressly set forth in this Agreement and no implied duties or obligations
shall be read into this Agreement against Escrow Agent.

(b)     Reliance.
Escrow Agent may act in reliance upon any writing or instrument or signature that it, in good faith, believes, and any statement
or assertion contained in such writing or instrument, and may assume that any person purporting to give any writing, notice, advice
or instrument in connection with the provisions of this Agreement has been duly authorized to do so. Escrow Agent shall not be
liable in any manner for the sufficiency or correctness as to form, manner and execution, or validity of any instrument deposited
in escrow, nor as to the identity, authority, or right of any person executing the same, and Escrow Agent's duties under this Agreement
shall be limited to those provided in this Agreement.

(c)     Indemnification.
Unless Escrow Agent discharges any of its duties under this Agreement in a negligent manner or is guilty of willful misconduct
with regard to its duties under this Agreement, Seller and Purchaser shall indemnify Escrow Agent and hold it harmless from any
and all claims, liabilities, losses, actions, suits or proceedings at law or in equity, or other expenses, fees, or charges of
any character or nature, which it may incur or with which it may be threatened by reason of its acting as Escrow Agent under this
Agreement; and in such connection Seller and Purchaser shall indemnify Escrow Agent against any and all expenses including reasonable
attorneys' fees and the cost of defending any action, suit or proceeding or resisting any claim in such capacity.

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(d)     Disputes.
If the parties (including Escrow Agent) shall be in disagreement about the interpretation of this Agreement, or about their respective
rights and obligations, or the propriety of any action contemplated by Escrow Agent, or the application of the Deposit, Escrow
Agent may hold the Deposit until the receipt of written instructions from both Purchaser and Seller or a final order of a court
of competent jurisdiction. In addition, in any such event, Escrow Agent may, but shall not be required to, file an action in interpleader
to resolve the disagreement. Escrow Agent shall be indemnified for all costs and reasonable attorneys' fees in its capacity as
Escrow Agent in connection with any such interpleader action and shall be fully protected in suspending all or part of its activities
under this Agreement until a final judgment in the interpleader action is received.

(e)     Counsel.
Escrow Agent may consult with counsel of its own choice and have full and complete authorization and protection in accordance with
the opinion of such counsel. Escrow Agent shall otherwise not be liable for any mistakes of fact or errors of judgment, or for
any acts or omissions of any kind, unless caused by its negligence or willful misconduct.

(f)     Interest.
All deposits into the escrow shall be held by the Escrow Agent in an interest bearing account selected by or approved by Purchaser.
All interest earned on the Deposit shall be deemed to be part of the Deposit and shall accrue to the benefit of Purchaser except
to the extent the Deposit becomes payable to Seller pursuant to Section 10.2. In such event the interest earned on
the Deposit shall accrue to the benefit of the Seller.

Section
11.22     Cooperation. Seller will, and will use commercially reasonable efforts to cause its
accountants and its property manager (the "Representatives") to, from time to time upon reasonable advance written
notice from Purchaser, provide Purchaser and its representatives with reasonable access to Seller’s information and documentation
relating to the Property that is relevant and reasonably necessary, in the opinion of Purchaser’s or Purchaser’s affiliates’
independent accountants, to enable Purchaser’s or Purchaser’s affiliates’ independent accountants to prepare
and file financial statements, pro forma financial statements and any and all other information in compliance with any or all of
(i) Rule 3-05 or Rule 3-14 of Regulation S-X of the Securities and Exchange Commission ("SEC"); (ii) any other
rule or regulation promulgated by the SEC and applicable to Purchaser or Purchaser’s affiliates, including Rule 144A and
Regulation D, in the event that Purchaser or Purchaser’s affiliates choose to effect a private placement pursuant to Rule
144A or Regulation D; and (iii) any registration statement, prospectus, prospectus supplement, report or disclosure statement filed
with the SEC by or on behalf of Purchaser or Purchaser’s affiliates or any offering memorandum for a private placement by
Purchaser or Purchaser’s affiliates. The provisions of this Section 11.22 with respect to Seller shall survive the
Closing through December 31, 2015.Press Releases. Seller and Purchaser agree that, without the prior written approval
of the other, they shall not issue any press release, advertisement, internet posting or other similar announcement, statement
or disclosure of this Agreement, the transactions contemplated hereby, or the parties hereto (or their respective affiliates and
advisors), whether before or after the Closing, except to the extent otherwise required by law. The provisions of this Section 11.23
shall survive the Closing or termination of this Agreement.

    	42

    	 

    

 

 

[The balance of
this page has intentionally been left blank. Signature pages follow.]

 

    	43

    	 

    

IN WITNESS WHEREOF, Seller and
Purchaser hereto have executed this Agreement as of the Effective Date.

	 	SELLER:
	 	TCG INDUSTRIAL THUNDERBIRD LLC
	 	By:	/s/ Peter Walter
	 	 	Name:  Peter Walter
	 	 	Title:Authorized Signatory
	 	 	 
	 	TCG INDUSTRIAL MOSTELLER LLC
	 	By:	/s/ Peter Walter
	 	 	Name:  Peter Walter
	 	 	Title:Authorized Signatory
	 	 	 
	 	TCG INDUSTRIAL EMPIRE LLC
	 	By:	/s/ Peter Walter
	 	 	Name:  Peter Walter
	 	 	Title:Authorized Signatory
	 	 	 
	 	PURCHASER:
	 	PLYMOUTH INDUSTRIAL REIT INC.
	 	By:	/s/ Pendleton P. White, Jr.
	 	 	Name: Pendleton P. White, Jr.
	 	 	Title:   President

Signature Page – Real Estate Purchase
and Sale Agreement

    	44

    	 

    

RECEIPT BY THE ESCROW AGENT

This Agreement,
fully executed by both Seller and Purchaser, has been received by the Escrow Agent this 24th day of November, 2014 and by execution
hereof, Escrow Agent hereby covenants and agrees to be bound by the terms of this Agreement that are applicable to it.

	 	ESCROW AGENT
	 	Commonwealth Land Title Insurance 
	 	Company, a division of Fidelity National 

Financial
	 	 	 
	 	By:	  /s/ Richard P. Halfmann
	 	 	Name: Richard P. Halfmann
	 	 	Title:   Assistant VP

Escrow Agent Signature Page – TCG
Industrial

    	 

    	 

    

EXHIBIT A

DESCRIPTION OF THE LAND

 

7585 Empire Drive, Florence, Kentucky

 

Located in the City of Florence, Boone County, Kentucky, described
as follows:

 

Commencing at the intersection of the westerly line of Empire Drive
with the northwesterly line of Bluegrass Drive, thence S. 45°14'45" W. along the northwesterly line of Bluegrass Drive,
1019.12 feet, thence N. 44°45'15" W., 598.00 feet to the True Place of Beginning.

 

Thence N. 44°45'15" W., 336.l0 feet;

Thence N. 35°45'15" E., 786.69 feet;

Thence N. 69°05'30" E., 645.77 feet to the westerly line
of Empire Drive;

Thence southwardly along the westerly line of Empire Drive, on a
curve to the left for 182.46 feet, said curve having a radius of 876.25 feet, and long chord bearing S. 16°28'40" E.,
182.13 feet;

Thence continuing with said westerly line, S. 22°26'35"
E., 166.10 feet;

Thence leaving said westerly line of Empire Drive, S. 89°14'45"
W., 157.34 feet;

Thence S. 45°14'45" W., 1104.04 feet to the True Place
of Beginning.

 

The above described real estate is now described as follows pursuant
to a survey by CDS Associates, Inc. under the direction of James J. Bertram, Registered No. 3423 dated June 20, 2000:

 

Situated in the Commonwealth of Kentucky, Boone County, City of
Florence, being on the West side of Empire Drive approximately 510 feet North of Bluegrass Drive, and being more particularly described
as follows:

 

Beginning at a found 5/8" iron pin at the intersection of the
West right-of-way line of Empire Drive and the northerly right-of-way for C.N.O. & T.P. Railroad as shown on the Plat for the
Northern Kentucky Industrial Foundation Section 2A, recorded in Plat Book 8 Page 47 of the Boone County Plat Records on file in
Burlington, Kentucky;

 

Thence with the northerly right-of-way line of C.N.O. & T.P.
Railroad, on the following two courses and distances:

1. S89°14'45"W, a distance of 157.48 feet to a found iron
pin and cap labeled "Woolpert",

2. S 45°14'45"W, a distance of 1103.56 feet to a set iron
pin and cap, on a northerly property line of a tract heretofore conveyed to the City of Florence by deed recorded in Deed Book
178 Page 573 of the Boone County deed records, further being witnessed by a found 1-5/8" steel pin S 44°45'15"E,
a distance of 38.00 feet;

 

Thence with said northerly property line of the City of Florence's
tract, N44°45'15"W, a distance of 336.77 feet to a set iron pin and cap in a northeasterly property line of a tract of
land heretofore conveyed to the Commonwealth of Kentucky by deed recorded in Highway Deed Book 15 Page 17 of the Boone County
Deed Records; 

    	A-1

    	 

    

 

Thence with said northeasterly line of said Commonwealth of Kentucky's
tract of land, N35°45'15"E, a distance of 785.02 feet to a found iron pin and cap labeled "Woolpert" in the
southerly line of a tract of land heretofore conveyed to the City of Florence by deed recorded in Deed Book 213 Page 290 of the
Boone County deed records;

 

Thence continuing with said southerly line of the City of Florence's
tract of land, N69°05'30"E, a distance of 647.10 feet to a found iron pin and cap labeled "Woolpert" in the
westerly right-of way line of the aforesaid Empire Drive;

 

Thence with said westerly right-of-way line of said Empire Drive,
on the following two courses and distances:

1. With a curve deflecting to the left, said curve having a radius
of 876.25 feet an arc length of 182.46 feet and subtended by a chord S 16°28'40"E, a chord distance of 182.13 feet to
a set cross notch;

2. S22°26'35"E, a distance of 166.02 feet To The Beginning.

 

Containing 11.62352 acres of land, more or less.

 

North and bearing system based on the northerly right-of-way of
the aforesaid right-of-way for C.N.O. & T.P. Railroad as shown on the Plat for Northern Kentucky Industrial Foundation Section
2A as recorded in Plat Book 8 Page 47 of the Boone County Plat records. The above description is further based on a field survey
dated June 2, 2000 prepared by CDS Associates, Inc.

 

All iron pins called to be set shall be 1/2” rebar with a
yellow cap stamped "J. Bertram #3423" and shall be 18" in length.

 

Save And Except the following 2.924 acres conveyed to The Union
recorded in Miscellaneous Book 818, Page 214, Boone County, Kentucky Records:

 

Situate in the City of Florence, Boone County, Commonwealth of Kentucky,
and being more particularly described as follows:

 

Beginning at a found iron pin, 5/8" in diameter, at the intersection
of the West right-of-way line of Empire Drive and the northerly right-of-way line of C.N.O. & T.P. Railroad as shown on the
plat for the Northern Kentucky Industrial Foundation Section 2A, recorded in Plat Book 8, Page 47 of the Boone County Plat Records
in Burlington, Kentucky; thence along the Grantor's line and the said northerly right-of-way line of the railroad S 89° 14'
45" W 157.48 feet to a found pin and cap labeled "Woolpert" and S 45° 14' 45" W 1103.56 feet to a found
iron pin and cap, further being witnessed by an iron pin S 44° 45' 15" E 38.00 feet; thence N 44° 45' 15" W 212.64
feet to a set concrete monument; thence N 5° 24' 52" W 152.91 feet to a set iron pin and cap; thence N 80° 44' 54"
W 24.33 feet to a set concrete monument; thence N 35° 45' 15" E 213.55 feet to a set iron pin and cap in the creek; thence
along new division lines the following 3 courses: S 44° 45' 15" E, passing a set iron pin and cap at 10.00 feet, 364.48
feet to a set iron pin and cap, said iron pin being 21.32 feet measured perpendicular from the said northerly right-of-way line
of the C.N.G. & T.P. Railroad; thence on a line parallel with the said northerly right-of-way line N 45° 14' 45" E
900.06 feet to a set iron pin and cap; thence N 67° 33' 25" E 71.38 feet, more or less, to a set iron pin and cap on the
westerly right-of-way line of Empire Drive; thence continuing· along the Grantor's line and the said line of Empire Drive
S 22° 26' 35" E 112.00 feet to the point of beginning, containing 2.924 acres of land, more or less.

    	2

    	 

    

 

The above described real estate is now described as follows pursuant
to a survey by JMA Consultants, Inc., under the direction of Michael Meyer, Kentucky Registered Surveyor No. 3773, dated December
13, 2011, last revised January 19, 2012, designated Project No. 3491:

 

SITUATED IN THE CITY OF FLORENCE, BOONE COUNTY, KENTUCKY AND BEING
MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 

BEGINNING AT A POINT ON THE WEST RIGHT OF WAY LINE OF EMPIRE DRIVE,
REFERENCED BY A FOUND PIN BY CINERGYUHLP BEING 0.04 FEET SOUTH AND 0.06 FEET EAST, AND BEING NORTH 22 DEGREES 26'35" WEST,
112.00 FEET FROM THE INTERSECTION OF NORTHERN RIGHT OF WAY LINE OF THE C.N.O. & T.P. RAILROAD WITH THE SAID WEST RIGHT OF WAY
OF EMPIRE DRIVE AS SHOWN ON THE PLAT FOR THE NORTHERN KENTUCKY INDUSTRIAL FOUNDATION SECTION 2A AS RECORDED IN PLAT BOOK 8, PAGE
47 OF THE BOONE COUNTY PLAT RECORDS ON FILE IN BURLINGTON, KENTUCKY;

 

THENCE LEAVING SAID WEST RIGHT OF WAY LINE AND ALONG THE NORTHERN
LINE OF THE PROPERTY CONVEYED TO THE UNION LIGHT, HEAT AND POWER COMPANY AS RECORDED IN DEED BOOK 818, PAGE 214 OF SAID COUNTY
RECORDS, SOUTH 67 DEGREES 33'25" WEST, 71.38 FEET TO A FOUND PIN BY CINERGYUHLP;

 

THENCE ALONG A NORTHWEST LINE OF SAID UNION LIGHT, HEAT AND POWER
COMPANY PROPERTY, SOUTH 45 DEGREES 14'45" WEST, 900.06 FEET TO A SET 5/8"X30" PIN WITH IDENTIFICATION CAP LABELED
"JMA CONSULTANTS";

 

THENCE ALONG A NORTHEAST LINE OF SAID UNION LIGHT, HEAT AND POWER
COMPANY PROPERTY, NORTH 44 DEGREES 45'15" WEST, 364.48 FEET TO THE' NORTHWEST LINE OF THE PROPERTY CONVEYED TO DUGAN REALTY,
L.L.C. AS RECORDED IN DEED BOOK 907, PAGE 404 OF SAID COUNTY RECORDS, PASSING A FOUND PIN BY CINERGYUHLP AT 354.14 FEET;

 

THENCE ALONG SAID NORTHWEST LINE, NORTH 35 DEGREES 45'15" EAST,
487.69 FEET TO A POINT REFERENCED BY A FOUND PIN BY WOOLPERT BEING 0.03 FEET

NORTH AND 0.38 FEET EAST;

 

THENCE ALONG A NORTH LINE OF SAID DUGAN REALTY, L.L.C. PROPERTY,
NORTH 69 DEGREES 05'30" EAST, 647.10 FEET TO THE MOST NORTH CORNER OF SAID DUGAN REALTY, L.L.C. PROPERTY ON THE WEST RIGHT
OF WAY LINE OF EMPIRE DRIVE, REFERENCED BY A FOUND PIN BY WOOLPERT BEING 0.03 FEET NORTH AND 0.10 FEET EAST;

 

THENCE ALONG THE SAID WEST RIGHT OF WAY LINE OF EMPIRE DRIVE, ALONG
THE ARC OF A CURVE TO THE LEFT HAVING A RADIUS OF 876.25 FEET FOR AN ARC DISTANCE OF 182.46 FEET, CHORD BEARING SOUTH 16 DEGREES
28'40" EAST, 182.13 FEET TO A POINT REFERENCED BY A FOUND CROSS NOTCH BEING 0.07 FEET SOUTH AND 0.05 FEET EAST;

    	3

    	 

    

 

THENCE CONTINUING ALONG SAID WEST RIGHT OF WAY LINE, SOUTH 22 DEGREES
26'35" EAST, 54.02 FEET TO THE POINT OF BEGINNING.

 

CONTAINING 8.5404 ACRES OF LAND AND BEING SUBJECT TO ALL LEGAL HIGHWAYS,
EASEMENTS AND RESTRICTIONS OF RECORD.

 

THE ABOVE DESCRIBED TRACT BEING THE REMAINING PORTION OF THE PROPERTY
CONVEYED TO DUGAN REALTY, L.L.C. AS RECORDED IN DEED BOOK 907, PAGE 404 OF THE BOONE COUNTY, KENTUCKY RECORDS.

 

THIS DESCRIPTION IS BASED ON A SURVEY BY JMA CONSULTANTS, INC.,
DATED DECEMBER 13, 2011, JOB NO. 3491, UNDER THE DIRECTION OF MICHAEL MEYER, KENTUCKY REGISTERED SURVEYOR NUMBER 3773.

 

THE BEARINGS ARE BASED ON THE NORTHERN KENTUCKY INDUSTRIAL FOUNDATION
SECTION 2A AS RECORDED IN PLAT BOOK 8, PAGE 47 OF THE BOONE COUNTY PLAT RECORDS ON FILE IN BURLINGTON, KENTUCKY.

    	4

    	 

    

 

11540 Mosteller Road, Sharonville, Ohio

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED
IN THE COUNTY OF HAMILTON, STATE OF OHIO, AND IS DESCRIBED AS FOLLOWS:

 

Auditor's Parcel No. 608-0014-0001:

 

8th Series Reference: 9G/106 Area Band 9H/l62
Area A

 

Situated in Section 30 and 36, Town 4, Entire
Range 1, City of Sharonville, Hamilton County, Ohio and being part of an original 26.3018 acre tract conveyed to Duke Realty Ohio
in O.R. 9123, Page 4560, the boundary of which being more particularly described as follows:

 

Beginning at a point in the easterly right
of way line of Mosteller Road as recorded in P.B. 2, Pages 273-275, said point being S 02°30' 05" W, a distance of 65.92
feet from the northwest corner of said Section 30;

 

Thence along a curve to the right an arc distance
of 54.83 feet to a set 5/8" iron pin set in the southerly right-of-way line of East Kemper Road as· recorded in P.B.
_, Pages_, said curve having a radius of 100.00 feet, a chord bearing N 50° 40' 10" E, a distance of 54.15 feet and a
central angle of 31° 25' 04",

 

Thence along said southerly right-of-way line,
S 87° 46' 30" E, a distance of 800.23 feet to a set 5/8" iron pin;

 

Thence along a new division line, S 02°
27' 12" W a distance of 372.83 feet to a set 5/8" iron pin;

 

Thence continuing, S 87° 32' 48" E,
a distance of 263.25 feet to a set 5/8" iron pin in the easterly line of the aforesaid original 26.3018 acre tract;

 

Thence along the easterly line of said original
26.3018 acre tract, S 02° 27' 12" W a distance of 602.48 feet to a set 5/8" iron pin;

 

Thence along the southerly line of said original
26.3018 acre tract, N 87° 46' 30" W a distance of 1106.56 feet to a set 5/8" iron pin in the aforesaid easterly right-of-way
line of Mosteller Road;

 

Thence with said easterly right of way line,
the following three (3) courses:

 

1. N 01° 16' 00" W a distance of 5.93
feet to an existing 5/8" iron pin lying 0.8 feet south and 0.2 feet west;

 

2. N 01° 38' 00" E a distance of 879.45
feet to an existing 5/8" iron pin lying 1.1 feet south and 0.5 feet west;

    	5

    	 

    

 

3. Along a curve to the right an arc distance
of 58.17 feet to the Point of Beginning, said curve having a radius of 100.00 feet, a chord bearing N 18° 17' 49" E a
distance of 57.35 feet and a central angle of 33° 19' 38".

 

Containing 22.6753 acres more or less.

 

Bearings are based on the north line of Section
30, being S 87° 46' 30" E, as shown on a survey of record by CDS Associates, Inc. Dated 6-26-00.

 

The above description based on a field survey
by Kleingers & Associates, Engineers and Surveyors, under the direction of Randy C. Wolfe, Ohio Professional Surveyor No. 8033.

 

Together with those certain easement rights
set-forth in Utility and Storm Sewer Easement Agreement by and between Duke Construction Limited Partnership and Duke Realty Ohio,
dated September 22, 2005 and recorded September 26, 2005 in Official Record Volume 10049, Page 2078, Hamilton County, Ohio Records.

    	6

    	 

    

 

4115 Thunderbird Lane, Fairfield, Ohio

 

THE LAND REFERRED TO HEREIN BELOW IS SITUATED
IN THE COUNTY OF BUTLER, STATE OF OHIO, AND IS DESCRIBED AS FOLLOWS:

 

Auditor's Parcel No. A0700-227-000-012:

 

Lot Numbered Eleven Thousand Five Hundred Sixty-Five
(11565) as the same is known and designated on the Revised List of Lots in the City of Fairfield, Butler County, Ohio.

 

 

 

 

 

    	7

    	 

    

Exhibit B

INTENTIONALLY
OMITTED

    	B-1

    	 

    

Exhibit C

LEASE
SCHEDULE

 

Best Sanitizers, Inc.

		1.	Lease dated May 28, 2013

		2.	First Lease Amendment dated November 3, 2014

 

Prestolite Electric Incorporated

		1.	Lease Agreement dated June 28, 1996

		2.	First Lease Amendment dated July 31, 1996

		3.	Second Lease Amendment dated November 9, 2000

		4.	Third Lease Amendment dated April 30, 2004

		5.	Fourth Lease Amendment dated May 19, 2009

		6.	Fifth Lease Amendment dated May 22, 2014

 

Toyoba Kureha America Co., Ltd.

		1.	Lease dated February 10, 2003

		2.	First Lease Amendment dated August 10, 2003

		3.	Second Lease Amendment dated July 11, 2007

		4.	Third Lease Amendment dated October 4, 2007

		5.	Fourth Lease Amendment dated August 1, 2014

 

TSS Aviation, Inc.

		1.	Lease dated July 14, 2005

		2.	Unconditional Guaranty of Lease dated July 14, 2005

		3.	Letter of Understanding dated November 15, 2005

		4.	Unconditional Guaranty of Lease dated July 2, 2007

		5.	First Lease Amendment dated March 24, 2009

		6.	Second Lease Amendment dated December 12, 2011

 

WorldPac, Inc.

		1.	Lease Agreement dated October 9, 2002

		2.	First Lease Amendment dated February 26, 2003

		3.	Second Lease Amendment dated July 23, 2007

		4.	Letter of Understanding dated October 30, 2007

		5.	Third Lease Amendment dated August 9, 2012

		6.	Fourth Lease Amendment dated April 1, 2013

 

 

 

    	C-2

    	 

    

 

Exhibit D

INTENTIONALLY OMITTED

 

    	D-3

    	 

    

Exhibit E

LIST
OF CONTRACTS

 

7585 Empire Drive, Florence, Kentucky

	Contract	Service
	Detect-All Security	Fire Panel Monitoring
	Oberson’s	Snow Removal

 

11540 Mosteller Road, Sharonville, Ohio

	Contract	Service
	Detect-All Security	Fire Panel Monitoring
	Oberson’s	Snow Removal

 

4115 Thunderbird Lane, Fairfield, Ohio

	Contract	Service
	Detect-All Security	Fire Panel Monitoring
	Oberson’s	Snow Removal

 

 

 

    	E-4

    	 

    

Exhibit F

FORM
OF DEED (Ohio)

 

LIMITED WARRANTY DEED

 

 

____________________, a Delaware limited
liability company ("Grantor"), whose tax mailing address is: ___________________, for valuable consideration paid, grants,
with limited warranty covenants, to _______________, a _________________("Grantee"), whose tax mailing address
is: ______________________, the following real property situated in the State of Ohio, County of _________, and the City of __________________:

 

Being the real property more
particularly described on Exhibit "A" attached hereto and made a part hereof by reference, together with all improvements
located thereon and all rights and easements appurtenant or pertaining thereto (collectively the "Property").

 

Tax Parcel Nos.: 

:

Property Addresses

Subject to real estate taxes and assessments
not yet due and payable; zoning and building ordinances; and easements, conditions and restrictions of record listed on Exhibit
"B" attached hereto and made a part hereof by reference hereto.

 

Prior Instrument Reference: Instrument No.
___________, Recorder's Office, _________ County, Ohio.

 

Remainder
of Page Intentionally Blank.

Signature
Page(s) Follows.

    	F-1

    	 

    

Executed this
 day of ______, 2014, to be effective as of _________, 2014

 

 

 

GRANTOR:

 

______________________________

 

 

By:___________________________

Name:

Title:

 

 

 

COMMONWEALTH OF MASSACHUSETTS

_________ County, ss.

On this ____ day of _____________, 2014, before me, the undersigned
notary public, personally appeared ________________________________, proved to me through satisfactory evidence of identification,
which was _______________________________________________, to be the person whose name is signed on the preceding or attached document,
and acknowledged to me that (he) (she) signed it voluntarily for its stated purpose, as _________________________ of ____________________________________,
a ____________________________________.

 

______________________________

(official signature and seal of notary)

Name: ________________________

My commission expires: ________________________

 

 

 

This instrument prepared by: ____________________________

 

    	 

    	 

    

FORM OF DEED (KENTUCKY)

 

 

Group No.: __________

PIDN: ____________________________

 

After recording, return to:

_____________________________

_____________________________

 

 

SPECIAL WARRANTY DEED

 

(Kentucky)

 

 

THIS SPECIAL WARRANTY DEED
is made as of the ___ day of_____________, 2014, by ___________________________, a _______________________________(the “Grantor”),
having an address of ___________________________________________________________________________, to _____________________________,
a _______________________________(the “Grantee”), having an address of ____________________________________________________________________.

 

Grantor, for and in consideration
of the sum of Ten Dollars ($10.00) and other valuable consideration, receipt whereof is hereby acknowledged, and pursuant to proper
authority, hereby grants, bargains, sells and conveys unto Grantee and its successors, heirs and assigns, the following described
property (collectively the “Property”):

 

		a.	The real property described on Exhibit A attached hereto and made a part hereof (the "Land");

 

		b.	All buildings, improvements, fixtures, structures, parking areas and landscaping on the Land;

 

		c.	All and singular the rights, benefits, privileges, easements, tenements, hereditaments and appurtenances
thereon or in any matter appertaining to such Land, including any and all mineral rights, development rights, water rights and
the like; and

 

		d.	All right, title and interest of Grantor in and to all strips and gores and any land lying in the
bed of any street, road or alley, open or proposed, adjoining such Land.

 

Being the same property
conveyed to Grantor by deed recorded in Official Record ____, Page____, in the office of the Clerk of _______________ County, Kentucky.

 

TO HAVE AND TO HOLD the
Property in fee simple unto Grantee and its successors, heirs and assigns, forever.

    	 

    	 

    

 

Grantor covenants with
Grantee, its successors and assigns that (i) Grantor has full right, power and authority to execute and deliver this deed to Grantee,
(ii) Grantor’s title to the Property is free, clear and unencumbered of claims of persons claiming by, through or under Grantor,
except for those matters set forth in Exhibit B attached hereto and incorporated herein (the “Permitted Exceptions”),
(iii) Grantee shall quietly and peaceably hold title to the Property free and clear of all claims of those claiming by, through
or under Grantor except for the persons claiming under the Permitted Exceptions, (iv) Grantor will warrant and defend the title
of Grantor, its successors and assigns to the Property from and against the claims of all of those claiming by, through or under
Grantor except for those persons claiming under the Permitted Exceptions, and (v) Grantor is well seised of the Property.

 

IN WITNESS WHEREOF, said
Grantor has caused this instrument to be duly executed and delivered by its duly authorized officer, as of the day and year first
above written.

 

	 	 	GRANTOR:
	 	 	 	 
	 	 	 	 
	 	 	By: 	 
	 	 	 	Name: 
	 	 	 	Title: 

 

 

	STATE OF 	 	      )
	 	 	      ) SS:
	COUNTY OF 	 	      )

 

The foregoing instrument was acknowledged before
me this ___ day of ___________, 2008, by______________________________, as the ________________________________ of ________________________________,
on behalf of the ___________________________. Such person is personally known to me or has provided a driver's license as identification.

 

	 	Notary Public
	[Seal]	
        My Commission Expires:

         

 

CERTIFICATE AS TO VALUE

 

Pursuant to Kentucky Revised Statutes Chapter
382, the undersigned, Grantor and Grantee in the within deed, state the full consideration paid for the property passing herein
is ______________________________and 00/100 Dollars ($____________________________).

 

	
        GRANTOR:

         

        ___________________________________

        By: ________________________________

        Name:_________________________

        Title: __________________________
	
        GRANTEE:

         

        ___________________________________

        By: ________________________________

        Name:_________________________

        Title: __________________________

 

    	 

    	 

    

 

	GRANTOR ADDRESS:	GRANTEE ADDRESS:
	 	 
	 	ADDRESS FOR TAX BILLS:
	 	 
	 	 

 

 

	STATE OF 	 	      )
	 	 	      ) SS:
	COUNTY OF 	 	      )

 

The foregoing instrument was sworn to and subscribed
before me this ___ day of ___________, 2008, by______________________________, as the ________________________________ of ________________________________,
on behalf of the ___________________________. Such person is personally known to me or has provided a driver's license as identification.

 

	 	Notary Public
	[Seal]	
        My Commission Expires:

         

 

 

	STATE OF 	 	      )
	 	 	      ) SS:
	COUNTY OF 	 	      )

 

 

The foregoing instrument was sworn to and subscribed
before me this ___ day of ___________, 2008, by______________________________, as the ________________________________ of ________________________________,
on behalf of the ___________________________. Such person is personally known to me or has provided a driver's license as identification.

 

	 	Notary Public
	[Seal]	
        My Commission Expires:

         

 

 

 

 

 

 

This instrument was prepared by:

 

 

_________________________________

Stephen M. Griffith, Jr.

Taft, Stettinius & Hollister LLP

1800 U.S. Bank Tower

425 Walnut Street

Cincinnati, OH 45202-3957

(513) 381-2838

 

    	 

    	 

    

 

EXHIBIT A

 

LEGAL DESCRIPTION

 

P.P.N. __________________________

Group Number ______________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 

    	 

    

 

EXHIBIT B

 

PERMITTED EXCEPTIONS

 

 

		1.	Real estate taxes and installments of assessments, if any, not yet delinquent.

 

		2.	Rights of tenants in possession pursuant to leases previously identified in writing by Grantor to Grantee.

 

			

    	 

    	 

    

Exhibit G

FORM
OF BILL OF SALE AND GENERAL ASSIGNMENT

KNOW ALL PEOPLE
BY THESE PRESENTS, that __________________________, with an address at c/o _____________________________ (“Seller”),
for and in consideration of the sum of Ten and No/100 Dollars ($10.00) lawful money of the United States, and other good and valuable
consideration to Seller in hand paid, at or before the ensealing and delivery of these presents, by ___________________________,
a _____________ _______________ whose post office address is _____________________ (“Purchaser”), the receipt
and sufficiency of which is hereby acknowledged, has bargained and sold, and by these presents does grant, bargain, sell, convey,
set over, transfer, assign and deliver unto the Purchaser, its successors and assigns, the following:

(a)     All
of Seller’s right, title and interest in and to all fixtures, equipment and articles of personal property (except for personal
property owned by tenants) (hereinafter, the “Personal Property”) attached to or located on and used in connection
with the operation of the parcel of land described in Exhibit A attached hereto (the “Land”) and
the buildings and improvements erected thereon (collectively, the “Premises”), which Personal Property includes
all personal property, if any, owned by Seller and located on and used in the operation and maintenance of the Premises, which
Personal Property is being conveyed simultaneously with the conveyance by Seller to Purchaser of all its right, title and interest
in and to the Premises by a Deed of even date herewith;

(b)     All
of Seller’s right, title and interest in and to all those permits, licenses, certificates, approvals, authorizations, variances
and consents (including any and all presently pending applications therefor) affecting the Land and the buildings and improvements
thereon issued to Seller or to its predecessors in interest in the Premises as holder, claimant, licensee, permitee, successor
in interest, applicant and/or owner or lessor of the Premises, by any and all federal, state, county, municipal and local governments,
and all departments, commissions, boards, bureaus and offices thereof, having or claiming jurisdiction over the Premises, whether
or not the same may presently be in full force and effect, all to the extent that Seller may lawfully transfer the same to Purchaser;

(c)     All
of Seller’s right, title and interest in and to all unexpired warranties and guaranties affecting the Premises and/or the
Personal Property, all to the extent that Seller may lawfully transfer the same to Purchaser (it being agreed that nothing in this
Section (e) shall be construed to affect Seller’s rights under such warranties and guaranties with respect to periods
prior to the date hereof); and

(d)     All
of Seller’s right, title and interest in and to all appraisals, surveys, architectural and/or engineering renderings, plans
and specifications, soils and other geological reports and studies, and all other reports, studies and other information relating
in any way to development and/or use of the Premises.

    	G-2

    	 

    

 

Notwithstanding
the foregoing, the Excluded Items (as defined in the Real Estate Purchase and Sale Agreement dated ______ between Seller and _______)
are not included in this bill of sale and assignment.

To have and to
hold the same unto Purchaser, its successors and assigns forever.

This Bill of Sale
and General Assignment is made strictly on an “AS IS, WHERE IS” AND “WITH ALL FAULTS, LIABILITIES, AND
DEFECTS, LATENT OR OTHERWISE, KNOWN OR UNKNOWN” basis and without any warranties, express or implied, except for
those representations and warranties, if any, expressly set forth in that Real Estate Purchase and Sale Agreement between Seller
and ______________________ dated as of ________________, 201__ (the “Agreement”), all of which are subject to
all time, dollar and other limitations on Seller’s liability set forth in the Agreement. Purchaser agrees to indemnify and
hold harmless Seller from any cost, liability, damage or expense (including attorneys’ fees) arising out of Purchaser’s
use, ownership, and/or operation from and after the date hereof of the property assigned to Purchaser hereby.

Remainder
of Page Intentionally Blank.

Signature
Page(s) Follows.

 

    	G-3

    	 

    

IN WITNESS WHEREOF, this Bill of
Sale has been duly signed and sealed by the Seller as of the _____ day of ___________, 201__.

	 	 	SELLER:
	 	 	[Name]
	 	 	By: 	_______________________________
	 	 	 	Name:________________________
	 	 	 	Title:_________________________

    	G-4

    	 

    
EXHIBIT A

(to Bill of Sale)

Property Description

    	G-5

    	 

    

Exhibit H

FORM
OF ASSIGNMENT AND ASSUMPTION AGREEMENT

THIS ASSIGNMENT
AND ASSUMPTION AGREEMENT (this “Assignment”) is executed as of ________________, 201__ by and between ___________________________
(“Assignor”), and __________________________ (“Assignee”).

Background

Assignor has this
day conveyed to the Assignee the property located in ______________, ____________ County, ______________, more particularly described
in Exhibit A hereto (the “Premises”) and, in connection with the conveyance of the Premises, Assignor
and Assignee intend that Assignor’s right, title, interests, powers, and privileges in and under all leases and security
deposits affecting the Premises and other matters stated herein be assigned and transferred to Assignee.

Agreement

In consideration
of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:

1.     Leases.
Assignor hereby transfers and assigns to Assignee any and all right, title and interest which Assignor may have, as landlord or
otherwise, in leases with tenants covering spaces in the Premises (collectively the “Leases”), as listed in
Exhibit B attached hereto and made a part hereof. Assignee hereby (a) assumes all liabilities and obligations
of Assignor under the Leases arising or accruing from and after the date hereof including, without limitation, all obligations
with respect to all security deposits with respect to the Leases, and (b) agrees to indemnify, defend and hold harmless Assignor
from any and all damages, losses, costs, claims, liabilities, expenses, demands and obligations under or with respect to the Leases
arising or accruing from and after the date hereof. Assignor acknowledges that Assignor has retained and Assignee shall not assume
or be responsible for any of the obligations, covenants, terms and conditions of the Leases to be performed or observed by Assignor
thereunder arising at any time prior to the Closing Date. Subject to the time limitations and monetary limitations set forth in
Section 10.4 of the Agreement (as defined below), Assignor agrees to indemnify, defend and hold harmless Assignee from any and
all damages, losses, costs, claims, liabilities, expenses, demands and obligations under or with respect to the Leases arising
or accruing prior to the date hereof .

2.     Security
Deposits. Assignor hereby transfers and assigns to Assignee all security deposits held by the Assignor relative to the
Leases. Assignee covenants to hold and use such deposits in compliance with the Leases and applicable law and agrees to indemnify,
defend and hold harmless Assignor from any and all damages, losses, costs, claims, liabilities, expenses, demands and obligations
under or with respect to such deposits arising or accruing from and after the date hereof.

    	H-1

    	 

    

 

3.     Contracts.
Assignor hereby transfers and assigns to Assignee any and all right, title and interest which Assignor may have in the contracts,
if any, listed in Exhibit C attached hereto and made a part hereof (collectively, the “Contracts”).
By executing this Assignment, Assignee hereby accepts and agrees to perform all of the terms, covenants and conditions of the Contracts
on the part of Assignor therein required to be performed, from and after the date hereof, but not prior thereto. Assignee hereby
(a) assumes all liabilities and obligations of Assignor under the Contracts arising or accruing from and after the date hereof,
and (b) agrees to indemnify, defend and hold harmless Assignor from any and all damages, losses, costs, claims, liabilities,
expenses, demands and obligations under or with respect to the Contracts arising or accruing from and after the date hereof. Assignor
acknowledges that Assignor has retained and Assignee shall not assume or be responsible for any of the obligations, covenants,
terms and conditions of the Contracts to be performed or observed by Assignor thereunder arising at any time prior to the Closing
Date. Subject to the time limitations and monetary limitations set forth in Section 10.4 of the Agreement (as defined below), Assignor
agrees to indemnify, defend and hold harmless Assignee from any and all damages, losses, costs, claims, liabilities, expenses,
demands and obligations under or with respect to the Contracts arising or accruing prior to the date hereof.

4.     Successors
and Assigns. This Assignment shall inure to the benefit of, and be binding upon, the successors, executors, administrators,
legal representatives and assigns of the parties hereto.

5.     Governing
Law. This Agreement shall be construed under and enforced in accordance with the laws of the State of _________________.

6.     No
Representations. This assignment is made without any representation or warranty, express or implied, except for those representations
and warranties, if any, expressly set forth in that Real Estate Purchase and Sale Agreement between Assignor and _______________________
dated as of _____________, 201__ (the “Agreement”), all of which are subject to all time, dollar and other limitations
on Seller’s liability set forth in the Agreement.

Remainder
of Page Intentionally Blank.

Signature
Page(s) Follows.

 

    	H-2

    	 

    

IN WITNESS WHEREOF, this Assignment
has been duly signed and sealed by the parties as of the date set forth above.

	 	 	ASSIGNOR:
	 	 	[Name]
	 	 	By: 	______________________________
	 	 	 	Name:________________________
	 	 	 	Title:_________________________

 

COMMONWEALTH OF MASSACHUSETTS

_________ County, ss.

On this ____ day of _____________, 2014, before me, the undersigned
notary public, personally appeared ________________________________, proved to me through satisfactory evidence of identification,
which was _______________________________________________, to be the person whose name is signed on the preceding or attached document,
and acknowledged to me that (he) (she) signed it voluntarily for its stated purpose, as _________________________ of ____________________________________,
a ____________________________________.

 

______________________________

(official signature and seal of notary)

Name: ________________________

My commission expires: ________________________

 

[The remainder of this page is intentionally
blank; additional signature and notary page follows.]

    	H-3

    	 

    

 

	 	 	ASSIGNEE:
	 	 	[Name]
	 	 	By: 	______________________________
	 	 	 	Name:________________________
	 	 	 	Title:_________________________

 

 

COMMONWEALTH OF MASSACHUSETTS

_________ County, ss.

On this ____ day of _____________, 2014, before me, the undersigned
notary public, personally appeared ________________________________, proved to me through satisfactory evidence of identification,
which was _______________________________________________, to be the person whose name is signed on the preceding or attached document,
and acknowledged to me that (he) (she) signed it voluntarily for its stated purpose, as _________________________ of ____________________________________,
a ____________________________________.

 

______________________________

(official signature and seal of notary)

Name: ________________________

My commission expires: ________________________

 

 

    	H-4

    	 

    

EXHIBIT A

(to Assignment and Assumption)

Property Description

    	H-5

    	 

    

EXHIBIT B

(to Assignment and Assumption)

Lease Schedule

    	H-6

    	 

    

EXHIBIT C

Assigned Contracts

(to Assignment and Assumption)

    	H-7

    	 

    

Exhibit I

REPRESENTATION
CERTIFICATE

The undersigned,
as Seller under a Real Estate Purchase and Sale Agreement (“Purchase Agreement”) dated as of _________________,
201__ between _________________________ (“Seller”) and _____________________________ (“Purchaser”),
does hereby certify to Purchaser as follows:

Except as otherwise disclosed in
writing to Purchaser, and subject to Purchaser’s Knowledge, the Seller Representations set forth in Section 7.2 of the
Purchase Agreement are hereby reaffirmed as of the date hereof; provided, however, that with respect to any Seller Representation
that is made as of the Effective Date (or another specified date) or expressly states that it is made with respect to facts as
of a specified date, such representation is reaffirmed as of the Effective Date or such other specified date, as applicable.

Seller’s liability
hereunder shall be subject to all time, dollar and other limitations on Seller’s liability set forth in the Purchase Agreement.

Dated as of this ____ day of ____________,
201__.

	 	 	Seller:
	 	 	[Name]
	 	 	By: 	______________________________
	 	 	 	Name:________________________
	 	 	 	Title:_________________________

 

    	I-8

    	 

    

 

Exhibit J

FORM
OF OWNER'S title affidavit

Escrow No. ___________________________

Title Order No. _________________________

 

The undersigned
(“Owner’) hereby represents and warrants as follows to and for the benefit of Commonwealth Land Title Insurance
Company (the “Title Company”):

1.     Representatives
of Owner have reviewed the preliminary report/commitment with an effective date of                              ,
201__ (the “Title Report”).

2.     To
the knowledge of Owner, there are no unrecorded leases or occupancy agreements affecting the property described in Schedule A of
the Title Report (the “Property”), or other parties in possession of the Property, except for leases with the
tenants shown on Exhibit A attached hereto.

3.     Except
as set forth on Exhibit B attached hereto:

(a)     within
the last six (6) months, Owner has not (i) made, ordered or contracted for any construction, repairs, alterations or improvements
to be made on or to the Property which have not been paid for prior to any delinquency, (ii) ordered materials for any such construction,
repairs, alterations or improvements which have not been paid for prior to any delinquency, and (iii) attached any fixtures to
the Property which have not been paid for prior to any delinquency; and

(b)     there
are no outstanding or disputed claims for any work or item referred to in subparagraph (a).

5.     To
the knowledge of Owner, there has been no violation of any covenants, conditions or restrictions of record affecting the Property.

All references herein
to the “knowledge” of Owner or words of similar import shall refer only to the actual knowledge of ___________________,
and shall not be construed to refer to the knowledge of any other officer, owner, manager, director, shareholder, employee, adviser,
agent or representative of Owner, its owners, or any affiliate of any of the foregoing, or to impose or have imposed upon such
individuals any duty to investigate the matters to which such knowledge, or the absence thereof, pertains. There shall be no personal
liability on the part of the aforementioned individuals arising out of any representations or warranties made herein.

This affidavit is
made for the purpose of aiding the Title Company in determining the insurability of title to the Property, and to induce the Title
Company to issue its policy of title insurance. This affidavit may be relied upon by the Title Company but may not be relied upon
by any other person or entity.

    	J-1

    	 

    

 

IN WITNESS WHEREOF, Owner has executed
this affidavit as of                          ,
201_.

	 	 	OWNER:
	 	 	[Name]
	 	 	By: 	______________________________
	 	 	 	Name:________________________
	 	 	 	Title:_________________________

 

    	J-2

    	 

    

EXHIBIT A

(to Owner’s Affidavit)

Lease Schedule

    	J-3

    	 

    

EXHIBIT B

(to Owner’s Affidavit)

Description of Work and/or Disputed Claims

 

    	J-4

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