Document:

EX-10.1

 Exhibit 10.1 

AMENDMENT NO. 3 TO FIVE-YEAR REVOLVING CREDIT AGREEMENT 

THIS AMENDMENT NO. 3 TO FIVE-YEAR REVOLVING CREDIT AGREEMENT (this “Amendment”) is dated as of March 28, 2014, by and
among BLACKROCK, INC., a Delaware corporation (the “Company”), the Designated Borrowers party hereto (each a “Designated Borrower” and, together with the Company, the “Borrowers” and, each a
“Borrower”), the banks and other financial institutions or entities party hereto (the “Lenders”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in such capacity, the
“Administrative Agent”). 
 Statement of Purpose 

The Borrowers, the Lenders and the Administrative Agent are parties to that certain Credit Agreement dated as of March 10, 2011 (as
amended by that certain Amendment No. 1 to Five-Year Revolving Credit Agreement dated as of March 30, 2012, and that certain Amendment No. 2 to Five-Year Revolving Credit Agreement dated as of March 28, 2013, the “Credit
Agreement”), pursuant to which the Lenders have extended certain credit facilities to the Borrowers. 
 The Borrowers have
requested, and the Lenders and the Administrative Agent have agreed, subject to the terms and conditions set forth herein, to amend the Credit Agreement as specifically set forth herein. 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby
agree as follows: 
 1. Capitalized Terms. All capitalized undefined terms used in this Amendment (including, without limitation, in
the introductory paragraph and the Statement of Purpose hereto) shall have the meanings assigned thereto in the Credit Agreement. 
 2.
Amendments. Subject to and in accordance with the terms and conditions set forth herein, the parties hereto hereby agree that the Credit Agreement is amended as follows: 

(a) Section 1.1 of the Credit Agreement is hereby amended by: 

(i) deleting the table in the definition of “Applicable Percentage” in its entirety and replacing it with the following: 

 

															
	 	  	 	  	Applicable Percentage Per Annum	 
	 Level
	  	 Debt

Rating

(S&P / Moody’s)
	  	LIBOR Rate/ LIBOR
Market Index Rate	 	 	Base Rate/ Japanese
Base Rate	 	 	Commitment
Fee	 
	 I
	  	3 AA- / Aa3	  	 	0.625	% 	 	 	0.000	% 	 	 	0.060	% 
	 II
	  	A+ / A1	  	 	0.750	% 	 	 	0.000	% 	 	 	0.070	% 
	 III
	  	A / A2	  	 	0.875	% 	 	 	0.000	% 	 	 	0.080	% 
	 IV
	  	A- / A3	  	 	1.000	% 	 	 	0.000	% 	 	 	0.100	% 
	 V
	  	£ BBB+ / Baa1	  	 	1.250	% 	 	 	0.250	% 	 	 	0.150	% 

 (ii) deleting the definitions of “Dollar Amount,” “Extensions of Credit,”
“Fronted Letter of Credit,” “Issuing Lender,” “Letter of Credit Application,” and “Maturity Date” in their entirety and replacing them with the following: 

“‘Dollar Amount’ means (a) with respect to each Revolving Credit Loan made or continued (or to be
made or continued), or Letter of Credit issued, increased or extended (or to be issued, increased or extended), in Dollars, the principal or face amount, as applicable, thereof, (b) with respect to each Revolving Credit Loan made or continued
(or to be made or continued) or Letter of Credit issued, increased or extended (or to be issued, increased or extended) in an Alternative Currency, the amount of Dollars which is equivalent to the principal amount of such Revolving Credit Loan, or
face amount of such Letter of Credit, as applicable, at the most favorable spot exchange rate for the applicable Borrower as determined by the Administrative Agent at approximately 11:00 a.m. (the time of the Administrative Agent’s
Correspondent) two (2) Business Days before such Loan is made or continued (or to be made or continued) or Letter of Credit is issued, increased or extended (or to be issued, increased or extended) and (c) with respect to each Japanese Yen
Loan made or continued (or to be made or continued), the amount of Dollars which is equivalent to the principal amount of such Japanese Yen Loan at the most favorable spot exchange rate for the applicable Borrower as determined by the Japanese Yen
Lender at approximately 11:00 a.m. (Tokyo time) one (1) Business Day before such Japanese Yen Loan is made or continued (or to be made or continued). When used with respect to any other sum expressed in an Alternative Currency, “Dollar
Amount” shall mean the amount of Dollars which is equivalent to the amount so expressed in such Alternative Currency at the most favorable spot exchange rate for the applicable Borrower as determined by the Administrative Agent or Japanese Yen
Lender, as applicable, to be available to it at the relevant time. 
 ‘Extensions of Credit’ means, as to
any Lender at any time, (a) an amount equal to the sum of (i) the aggregate principal amount of all Revolving Credit Loans made by such Lender then outstanding, (ii) such Lender’s L/C Obligations then outstanding, (iii) such
Lender’s Commitment Percentage of the Japanese Yen Loans then outstanding and (iv) such Lender’s Commitment Percentage of the Swingline Loans then outstanding, or (b) the making of, or participation in, any Loan or participation
in, or issuance, increase or extension of, any Letter of Credit by such Lender, as the context requires. 
 ‘Fronted
Letter of Credit’ means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4. 

‘Issuing Lender’ means (a) in the case of Fronted Letters of Credit, each Lender having an L/C Fronting
Commitment, in its capacity as the issuer of any Fronted Letter of Credit, or any successor thereto and (b) in the case of Several Letters of Credit, the L/C Agent. References to “the Issuing Lender” herein shall mean “an Issuing
Lender” or “the applicable Issuing Lender” or “such Issuing Lender” or “each Issuing Lender” or similar constructions, as the context may indicate. 

‘Letter of Credit Application’ means an application, in the form attached hereto as Exhibit K
requesting the Issuing Lender to issue a Letter of Credit, as such Exhibit may be amended or modified from time to time by the Administrative Agent in its reasonable discretion with the consent of the Company. 

‘Maturity Date’ means the earliest to occur of (a) March 28, 2019 (as such date may be extended with
respect to consenting Lenders pursuant to Section 2.10), (b) the date of termination by the Company pursuant to Section 2.6, or (c) the date of termination pursuant to Section 11.2(a).” 

  
 2 

 For the avoidance of doubt, the amendment of the definition of “Maturity Date” set
forth above shall not constitute a utilization of the Company’s option to request extensions of the Maturity Date in respect of the Revolving Credit Facility pursuant to Section 2.10 of the Credit Agreement. 

(iii) adding the following definition of “L/C Fronting Commitment” in appropriate alphabetical order: 

“‘L/C Fronting Commitment’ means, as to any Issuing Lender, the obligation of such Issuing Lender to
issue Fronted Letters of Credit for the account of the Borrower from time to time in an aggregate amount up to the amount set forth opposite the name of each such Issuing Lender on Schedule 1.1(b) or such greater amount (but not in excess of
the L/C Commitment) as is agreed to by such Issuing Lender, in its sole discretion, from time to time after request by the Company.” 

(b) Schedule 1.1(b) to the Credit Agreement is replaced with a revised Schedule 1.1(b) attached hereto as Exhibit A to
this Amendment, which such Schedule 1.1(b) reflects the Commitments of all the Lenders and the L/C Fronting Commitments of all the Issuing Lenders upon the effectiveness of this Amendment. 

(c) Section 3.1(a) of the Credit Agreement is hereby amended by deleting clause (i) thereof in its entirety and replacing it
with the following: 
 “(i) each Issuing Lender having an L/C Fronting Commitment, in reliance on the agreements of the L/C Participants
set forth in Section 3.4(a), agrees to issue Fronted Letters of Credit in an aggregate Dollar Amount at any time outstanding not to exceed its L/C Fronting Commitment for the account of any Borrower on any Business Day from and after the
Closing Date in such form as may be approved from time to time by such Issuing Lender,” 
 (d) Section 3.1(d) of the Credit
Agreement is hereby amended by adding the following immediately after clause (iii) thereof: 
 “or (iv) in the case of Fronted
Letters of Credit, after giving effect thereto, the maximum amount of all Fronted Letters of Credit issued by such Issuing Lender shall exceed Dollar Amount of the L/C Fronting Commitment of such Issuing Lender.” 

(e) Section 3.2 of the Credit Agreement is hereby amended by deleting the first sentence thereof in its entirety and replacing it
with the following: 
 “The Company may from time to time request that an Issuing Lender issue a Letter of Credit by delivering to the
applicable Issuing Lender (with a copy to the Administrative Agent at the Administrative Agent’s Office) a Letter of Credit Application therefor, completed to the satisfaction of the applicable Issuing Lender, and such other certificates,
documents and other papers and information as the applicable Issuing Lender may reasonably request, which such information shall include (a) in the case of a request for an initial issuance of a Letter of Credit, (i) the Permitted Currency
in which such Letter of Credit shall be denominated, (ii) whether such Letter of Credit is to be a Fronted Letter of Credit or a Several Letter of Credit (and, in the case of Several Letters of Credit, in the event a Lender advises the L/C
Agent that such Lender is a Participating Lender, such Participating Lender’s Commitment Percentage of such Several Letter of Credit will be issued by the L/C Agent as the Several Issuing Lender in reliance on such Participating

  
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Lender’s obligation to purchase participations in such amount pursuant to Section 3.1(a)(iii)), (iii) the proposed issuance date of the requested Letter of Credit (which
shall be a Business Day), (iv) the amount thereof, (v) the expiry date thereof, (vi) the name and address of the beneficiary thereof, (vii) the documents to be presented by such beneficiary in case of any drawing thereunder,
(viii) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder, and (ix) the purpose and nature of the requested Letter of Credit; and (b) in the case of a request for an amendment of any
outstanding Letter of Credit, (i) the Letter of Credit to be amended, (ii) the proposed date of amendment thereof (which shall be a Business Day) and (iii) the nature of the proposed amendment.” 

(f) Section 3.3(b) of the Credit Agreement is hereby amended by deleting such section in its entirety and replacing it with the
following: 
 “(b) Issuance Fee. In addition to the foregoing commission, each Borrower shall pay (or shall cause to be paid) to
the Administrative Agent, for the account of the applicable Issuing Lender an issuance fee equal to (a) in the case of Fronted Letters of Credit, the Dollar Amount of the undrawn face amount of each Fronted Letter of Credit issued for such
Borrower’s account at the rate of 0.20% per annum and (b) in the case of Several Letters of Credit, the Dollar Amount of the portion of each such Several Letter of Credit issued for such Borrower’s account provided by the L/C
Agent acting as Several Issuing Lender for the relevant Participating Lenders pursuant to Section 3.1(b) at the rate of 0.20% per annum (as if the portion of such Several Letter of Credit provided by the L/C Agent for such
Participating Lenders were a Fronted Letter of Credit). Such issuance fees shall be payable quarterly in arrears on the last Business Day of each calendar quarter commencing with the first such date to occur after the issuance of such Letter of
Credit, on the Maturity Date and thereafter on demand of the Administrative Agent.” 
 (g) Article III of the Credit Agreement
is hereby amended by adding the following new Section 3.10 immediately after the end of Section 3.9 thereof: 

“SECTION 3.10 Reporting of Letter of Credit Information and L/C Commitment. At any time that there is an Issuing Lender that is not
also the financial institution acting as Administrative Agent, then (a) on the last Business Day of each calendar month, (b) on each date that a Letter of Credit is amended, terminated or otherwise expires, (c) on each date that a
Letter of Credit is issued or the expiry date of a Letter of Credit is extended, and (d) upon the request of the Administrative Agent, each Issuing Lender (or, in the case of clauses (b), (c) or (d) of this Section, the applicable
Issuing Lender) shall deliver to the Administrative Agent a report setting forth in form and detail reasonably satisfactory to the Administrative Agent information (including, without limitation, any reimbursement, cash collateral, or termination in
respect of Letters of Credit issued by such Issuing Lender) with respect to each Letter of Credit issued by such Issuing Lender that is outstanding hereunder. In addition, each Issuing Lender shall provide notice to the Administrative Agent of its
L/C Fronting Commitment, or any change thereto, promptly upon it becoming an Issuing Lender or making any change to its L/C Commitment. No failure on the part of any Issuing Lender to provide such information pursuant to this
Section 3.10 shall limit the obligations of the Borrower or any Revolving Credit Lender hereunder with respect to its reimbursement and participation obligations hereunder.” 

(h) Section 13.1(a) of the Credit Agreement is hereby amended by deleting the reference to “Amy Engel” therein and
replacing it with “Philippe Matsumoto.” 

  
 4 

 (i) The Credit Agreement is hereby amended by adding as Exhibit K to the Credit Agreement,
the Form of Letter of Credit Application attached to this Amendment as Exhibit B. 
 (j) The cover page of the Credit Agreement is
hereby amended such that Credit Suisse Securities (USA) LLC is designated as an additional Joint Lead Arranger and Joint Bookrunner thereunder. For the avoidance of doubt, the parties hereto acknowledge that each of (i) Wells Fargo
Securities, LLC, (ii) Citigroup Global Markets Inc., (iii) Merrill Lynch, Pierce, Fenner & Smith Incorporated, (iv) Barclays Capital, (v) J.P. Morgan Securities LLC, (vi) Morgan Stanley Senior Funding, Inc.,
(vii) Deutsche Bank Securities Inc., (viii) HSBC Securities (USA) Inc. and (ix) Credit Suisse Securities (USA) LLC shall be named as joint lead arrangers for the purposes of this Amendment. 

3. Effectiveness. This Amendment shall become effective on the date when the Administrative Agent or Wells Fargo Securities, LLC
(“Wells Fargo Securities”), as applicable, shall have received (a) counterparts of this Amendment executed by the Borrowers, the Guarantor and all of the Lenders and (b) payment of all fees, costs and expenses set forth in
Sections 7(a) and (b) of this Amendment. 
 4. Limited Effect. Except as expressly provided herein, the Credit
Agreement and the other Loan Documents shall remain unmodified and in full force and effect. This Amendment shall not be deemed (a) to be a waiver of, or consent to, or a modification or amendment of, any other term or condition of the Credit
Agreement or any other Loan Document other than as expressly set forth herein, (b) to prejudice any right or rights which the Administrative Agent or the Lenders may now have or may have in the future under or in connection with the Credit
Agreement or the other Loan Documents or any of the instruments or agreements referred to therein, as the same may be amended, restated, supplemented or modified from time to time, or (c) to be a commitment or any other undertaking or
expression of any willingness to engage in any further discussion with the Borrower, any of its Subsidiaries or any other Person with respect to any other waiver, amendment, modification or any other change to the Credit Agreement or the Loan
Documents or any rights or remedies arising in favor of the Lenders or the Administrative Agent, or any of them, under or with respect to any such documents. References in the Credit Agreement to “this Agreement” (and indirect references
such as “hereunder”, “hereby”, “herein”, “hereof” or other words of like import) and in any Loan Document to the “Credit Agreement” shall be deemed to be references to the Credit Agreement as
modified hereby. 
 5. Representations and Warranties. Each Borrower and Guarantor represents and warrants that (a) it has the
corporate power and authority to make, deliver and perform this Amendment, (b) it has taken all necessary corporate or other action to authorize the execution, delivery and performance of this Amendment, (c) this Amendment has been duly
executed and delivered on behalf of such Person, (d) this Amendment constitutes a legal, valid and binding obligation of such Person, enforceable against it in accordance with its terms, except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law), (e) each of
the representations and warranties contained in Article VI of the Credit Agreement are true and correct in all material respects on and as of the date hereof with the same effect as if made on and as of the date hereof, except for any
representation and warranty made as of an earlier date, which representation and warranty shall remain true and correct in all material respects as of such earlier date and (f) no Default or Event of Default has occurred and is continuing as of
the date hereof or after giving effect hereto. 
 6. Acknowledgement and Reaffirmation. By their execution hereof, each Borrower, and
the Guarantor, hereby expressly (a) consents to this Amendment and to the amendments to the Credit Agreement set forth herein, (b) acknowledges that the covenants, representations, warranties and other obligations set forth in the Credit
Agreement, the Notes and the other Loan Documents to which such 

  
 5 

 
Borrower or the Guarantor is a party remain in full force and effect (it being understood and agreed that to the extent any such covenants, representations, warranties or other obligations are
expressly modified herein, such covenants, representations, warranties or obligations shall continue in full force and effect as expressly modified herein) and (c) acknowledges and agrees that this Amendment shall constitute a “Loan
Document” for all purposes of the Credit Agreement and the other Loan Documents. 
 7. Costs, Expenses and Taxes. The Company
agrees to pay: 
 (a) in accordance with Section 13.3 of the Credit Agreement, but subject to the provisions set
forth in Section 5 of that certain commitment letter dated as of March 6, 2014 from Wells Fargo and the other commitment parties thereto to the Company, all reasonable and invoiced out-of-pocket costs and expenses of the Administrative
Agent and Wells Fargo Securities in connection with the preparation, execution, delivery, administration of this Amendment and the other instruments and documents to be delivered hereunder, including, without limitation, the reasonable and invoiced
fees and out-of-pocket expenses of counsel for the Administrative Agent and Wells Fargo Securities; and 
 (b) all fees
payable pursuant to that certain letter agreement by and among the Company, Wells Fargo, Wells Fargo Securities and Citigroup Global Markets Inc., dated as of March 6, 2014. 

8. Designated Borrowers. Each of the parties hereto hereby acknowledges that as of April 17, 2013, BlackRock Holdings Deutschland
GmbH, a company organized under the laws of Germany, ceased to be a Designated Borrower under the Credit Agreement. 
 9. Execution in
Counterparts. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery
of an executed signature page of this Amendment by facsimile or electronic (pdf) transmission shall be effective as delivery of a manually executed counterpart hereof. 

10. Governing Law. This Amendment and the rights and obligations of the parties under this Amendment shall be governed by, and
construed and interpreted in accordance with, the law of the state of New York (including Section 5-1401 and Section 5-1402 of the General Obligations Law of the State of New York), without reference to any other conflicts or choice of law
principles thereof. 
 11. Entire Agreement. This Amendment is the entire agreement, and supersedes any prior agreements and
contemporaneous oral agreements, of the parties concerning its subject matter. 
 12. Successors and Assigns. This Amendment shall be
binding on and inure to the benefit of the parties and their heirs, beneficiaries, successors and permitted assigns. 
 [Signature Pages
Follow] 

  
 6 

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

			
	BORROWERS:
	
	 BLACKROCK, INC.,
 as Borrower
and Guarantor

		
	By:	 	 /s/ Philippe Matsumoto

	Name:	 	Philippe Matsumoto
	Title:	 	Managing Director and Treasurer
	
	 BLACKROCK GROUP LIMITED,
 as
Designated Borrower

		
	By:	 	 /s/ David Blumer

	Name:	 	David Blumer
	Title:	 	Director

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	AGENT AND LENDERS:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Swingline Lender, Issuing Lender, L/C Agent and Lender
		
	By:	 	/s/ Tracy Moosbrugger
	Name:	 	Tracy Moosbrugger
	Title:	 	Managing Director

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	CITIBANK, N.A., as Lender and Issuing Lender
		
	By:	 	 /s/ Maureen Maroney

	Name:	 	Maureen Maroney
	Title:	 	Vice President

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	BANK OF AMERICA, N.A., as Lender
		
	By:	 	 /s/ Matthew C. White

	Name:	 	Matthew White
	Title:	 	Vice President

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	BARCLAYS BANK PLC, as Lender
		
	By:	 	 /s/ Alicia Borys

	Name:	 	Alicia Borys
	Title:	 	Vice President

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	JPMORGAN CHASE BANK, N.A., as Lender
		
	By:	 	 /s/ Ayesha Umer

	Name:	 	Ayesha Umer
	Title:	 	Vice President

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	MORGAN STANLEY BANK, N.A., as Lender and Issuing Lender
		
	By:	 	 /s/ Michael King

	Name:	 	Michael King
	Title:	 	Authorized Signatory

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH, as Lender and Issuing Lender
		
	By:	 	 /s/ Ming K. Chu

	Name:	 	Ming K. Chu
	Title:	 	Vice President
		
	By:	 	 /s/ Heidi Sandquist

	Name:	 	Heidi Sandquist
	Title:	 	Director

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	SUMITOMO MITSUI BANKING CORPORATION, as a Lender and as the Japanese Yen Lender
		
	By:	 	 /s/ Ryuichi Nishizawa

	Name:	 	Ryuichi Nishizawa
	Title:	 	Managing Director

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	 CREDIT SUISSE AG, Cayman Islands Branch,

as Lender

		
	By:	 	 /s/ Doreen Barr

	Name:	 	Doreen Barr
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Alex Verdone

	Name:	 	Alex Verdone
	Title:	 	Authorized Signatory

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	GOLDMAN SACHS BANK USA, as Lender
		
	By:	 	 /s/ Mark Walton

	Name:	 	Mark Walton
	Title:	 	Authorized Signatory

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	HSBC BANK USA, NATIONAL ASSOCIATION, as Lender and Issuing Lender
		
	By:	 	 /s/ Stephanie W. Lee

	Name:	 	Stephanie W. Lee
	Title:	 	Director

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	MIZUHO BANK, LTD., as Lender
		
	By:	 	 /s/ David Lim

	Name:	 	David Lim
	Title:	 	Authorized Signatory

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	THE ROYAL BANK OF SCOTLAND plc, as Lender
		
	By:	 	 /s/ Karen Beatty

	Name:	 	Karen Beatty
	Title:	 	Director

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	UBS AG, STAMFORD BRANCH, as Lender
		
	By:	 	 /s/ Darlene Arias

	Name:	 	Darlene Arias
	Title:	 	Director
		
	By:	 	 /s/ Jennifer Anderson

	Name:	 	Jennifer Anderson
	Title:	 	Associate Director

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	ROYAL BANK OF CANADA, as Lender
		
	By:	 	 /s/ Greg DeRise

	Name:	 	Greg DeRise
	Title:	 	Authorized Signatory

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	STATE STREET BANK AND TRUST COMPANY, as Lender
		
	By:	 	 /s/ Karen A. Gallagher

	Name:	 	Karen A. Gallagher
	Title:	 	Vice President

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	THE BANK OF NEW YORK MELLON, as Lender
		
	By:	 	 /s/ Joanne Carey

	Name:	 	Joanne Carey
	Title:	 	Vice President

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	U.S. BANK NATIONAL ASSOCIATION, as Lender
		
	By:	 	 /s/ Barry K. Chung

	Name:	 	Barry K. Chung
	Title:	 	Senior Vice President

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	BANCO SANTANDER, S.A., NEW YORK BRANCH, as Lender
		
	By:	 	 /s/ Rita Walz-Cuccioli

	Name:	 	Rita Walz-Cuccioli
	Title:	 	 Executive Director
 Banco Santander, S.A., New
York Branch

		
	By:	 	 /s/ Terence Corcoran

	Name:	 	Terence Corcoran
	Title:	 	 Senior Vice President
 Banco Santander, S.A.,
New York Branch

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	BNP PARIBAS, as Lender
		
	By:	 	 /s/ Mark Parker

	Name:	 	Mark Parker
	Title:	 	Managing Director
		
	By:	 	 /s/ Edward Speal

	Name:	 	Edward Speal
	Title:	 	Managing Director

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	CREDIT AGRICOLE CORPORATE & INVESTMENT BANK, as Lender
		
	By:	 	 /s/ W. Jay Buckley

	Name:	 	W. Jay Buckley
	Title:	 	Managing Director
		
	By:	 	 /s/ Dan Fahey

	Name:	 	Dan Fahey
	Title:	 	Senior Associate

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	SOCIETE GENERALE, as Lender
		
	By:	 	 /s/ Shelley Yu

	Name:	 	Shelley Yu
	Title:	 	Director

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	STANDARD CHARTERED BANK, as Lender
		
	By:	 	 /s/ John C. Fell

	Name:	 	John C. Fell
	Title:	 	Managing Director and Head of Funds
		
	By:	 	 /s/ Robert K. Reddington

	Name:	 	Robert K. Reddington
	Title:	 	 Credit Documentation Manager
 Credit
Documentation Unit, WB
 Legal-Americas

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as Lender
		
	By:	 	 /s/ Oscar D. Cortez

	Name:	 	Oscar D. Cortez
	Title:	 	Vice President

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 
			
	NOMURA INTERNATIONAL PLC, as Lender
		
	By:	 	 /s/ Morven Jones

	Name:	 	Morven Jones
	Title:	 	Managing Director

  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 

 Exhibit A 

(to Amendment No. 3 to Five-Year Revolving Credit Agreement) 

Schedule 1.1(b) 
 (to
Five-Year Revolving Credit Agreement) 
 Commitments 

 

													
	 	  	Commitment	 	  	Percentage	 	 	L/C Fronting
Commitment	 
	 Wells Fargo Bank, National Association
	  	$	250,000,000.00	  	  	 	6.27	% 	 	$	425,000,000.00	  
	 Citibank, N.A.
	  	$	250,000,000.00	  	  	 	6.27	% 	 	$	200,000,000.00	  
	 Morgan Stanley Bank, N.A.
	  	$	250,000,000.00	  	  	 	6.27	% 	 	$	125,000,000.00	  
	 HSBC Bank USA, N.A.
	  	$	250,000,000.00	  	  	 	6.27	% 	 	$	125,000,000.00	  
	 Deutsche Bank AG New York Branch
	  	$	250,000,000.00	  	  	 	6.27	% 	 	$	125,000,000.00	1 
	 JPMorgan Chase Bank, N.A.
	  	$	250,000,000.00	  	  	 	6.27	% 	 			
	 Bank of America, N.A.
	  	$	250,000,000.00	  	  	 	6.27	% 	 			
	 Barclays Bank PLC
	  	$	250,000,000.00	  	  	 	6.27	% 	 			
	 Credit Suisse AG
	  	$	250,000,000.00	  	  	 	6.27	% 	 			
	 UBS AG, Stamford Branch
	  	$	165,000,000.00	  	  	 	4.14	% 	 			
	 Mizuho Corporate Bank, Ltd.
	  	$	165,000,000.00	  	  	 	4.14	% 	 			
	 Goldman Sachs Bank USA
	  	$	165,000,000.00	  	  	 	4.14	% 	 			
	 State Street Bank and Trust Company
	  	$	165,000,000.00	  	  	 	4.14	% 	 			
	 The Bank of New York Mellon
	  	$	165,000,000.00	  	  	 	4.14	% 	 			
	 Royal Bank of Canada
	  	$	165,000,000.00	  	  	 	4.14	% 	 			
	 Societe Generale
	  	$	112,500,000.00	  	  	 	2.82	% 	 			
	 The Royal Bank of Scotland plc
	  	$	112,500,000.00	  	  	 	2.82	% 	 			
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	112,500,000.00	  	  	 	2.82	% 	 			
	 BNP Paribas
	  	$	112,500,000.00	  	  	 	2.82	% 	 			
	 U.S. Bank National Association
	  	$	50,000,000.00	  	  	 	1.25	% 	 			
	 Credit Agricole Corporate & Investment Bank
	  	$	50,000,000.00	  	  	 	1.25	% 	 			
	 Banco Santander, SA, New York Branch
	  	$	50,000,000.00	  	  	 	1.25	% 	 			
	 Standard Chartered Bank
	  	$	50,000,000.00	  	  	 	1.25	% 	 			
	 Sumitomo Mitsui Banking Corporation
	  	$	50,000,000.00	  	  	 	1.25	% 	 			
	 Nomura International PLC
	  	$	50,000,000.00	  	  	 	1.25	% 	 			
				
	 Total
	  	$	3,990,000,000.00	  	  	 	100.000000000	% 	 	$	1,000,000,000.00	  

  

	1 	The L/C Fronting Commitment of Deutsche Bank AG New York Branch is limited solely to issuances for the Company and any Domestic Subsidiary that is a Borrower 

BlackRock, Inc. 
 Exhibit A 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

 Exhibit B 

(to Amendment No. 3 to Five-Year Revolving Credit Agreement) 

Form of Letter of Credit Application 

[To be attached] 
 BlackRock, Inc.

 Exhibit B 
 Amendment
No. 3 to Five-Year Revolving Credit Agreement (2014)EX-10.17

 Exhibit 10.17 
 FORM OF TIME-VESTED RESTRICTED STOCK UNIT AGREEMENT 
 RESTORATION HARDWARE
HOLDINGS, INC. 2012 stock incentive PLAN 
 NOTICE OF Restricted Stock Unit AWARD 

 

			
	 Grantee’s Name and Address:
	  	 
		  	 
		  	 

 You (the “Grantee”) have been granted an award of Restricted Stock Units (the
“Award”), subject to the terms and conditions of this Notice of Restricted Stock Unit Award (the “Notice”), the Restoration Hardware Holdings, Inc. 2012 Stock Incentive Plan, as amended from time to time (the “Plan”)
and the Restricted Stock Unit Agreement (the “Agreement”) attached hereto, as follows. Unless otherwise provided herein, the terms in this Notice shall have the same meaning as those defined in the Plan. 

 

			
	 Award Number
	 	 
	 Date of Award
	 	 
	 Vesting Commencement Date
	 	 
	 Total Number of Restricted Stock Units Awarded (the “Units”)
	 	 

 Vesting Schedule: 
 Subject to the Grantee’s Continuous Service and other limitations set forth in this Notice, the Agreement and the Plan, the Units will “vest” in accordance with the following schedule (the
“Vesting Schedule”): 
 [Insert Vesting Schedule] 

For purposes of this Notice and the Agreement, the term “vest” shall mean, with respect to any Units, that such Units are no
longer subject to forfeiture to the Company. If the Grantee would become vested in a fraction of a Unit, such Unit shall not vest until the Grantee becomes vested in the entire Unit. 

Vesting shall cease upon the date the Grantee terminates Continuous Service for any reason, including death or Disability. In the event
the Grantee terminates Continuous Service for any reason, including death or Disability, any unvested Units held by the Grantee immediately upon such termination of the Grantee’s Continuous Service shall be forfeited and deemed reconveyed to
the Company and the Company shall thereafter be the legal and beneficial owner of such reconveyed Units and shall have all rights and interest in or related thereto without further action by the Grantee. 

IN WITNESS WHEREOF, the Company and the Grantee have executed this Notice and agree that the Award is to be governed by the terms and
conditions of this Notice, the Plan, and the Agreement. 
  

			
	 RESTORATION HARDWARE HOLDINGS, INC.

a Delaware corporation

		
	 By:
	 	 
		
	 Title:
	 	 
		
	 Date:
	 	 

 THE GRANTEE ACKNOWLEDGES AND AGREES THAT THE UNITS SHALL VEST, IF AT ALL, ONLY DURING THE PERIOD OF
CONTINUOUS SERVICE OR AS OTHERWISE SPECIFICALLY PROVIDED HEREIN (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OR ACQUIRING SHARES HEREUNDER). THE GRANTEE FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS NOTICE, THE AGREEMENT, NOR
IN THE PLAN, SHALL CONFER UPON THE GRANTEE ANY RIGHT WITH RESPECT TO CONTINUATION OF THE GRANTEE’S CONTINUOUS SERVICE, NOR SHALL IT INTERFERE IN ANY WAY WITH THE GRANTEE’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE THE GRANTEE’S
CONTINUOUS SERVICE AT ANY TIME, WITH OR WITHOUT CAUSE, AND WITH OR WITHOUT NOTICE. THE GRANTEE ACKNOWLEDGES THAT UNLESS THE GRANTEE HAS A WRITTEN EMPLOYMENT AGREEMENT WITH THE COMPANY TO THE CONTRARY, THE GRANTEE’S STATUS IS AT WILL.

  
 2 

 Grantee Acknowledges and Agrees: 

The Grantee acknowledges receipt of a copy of the Plan and the Agreement and represents that he or she is familiar with the terms and
provisions thereof, and hereby accepts the Award subject to all of the terms and provisions hereof and thereof. The Grantee has reviewed this Notice, the Agreement and the Plan in their entirety, has had an opportunity to obtain the advice of
counsel prior to executing this Notice and fully understands all provisions of this Notice, the Agreement and the Plan. 
 The
Grantee further acknowledges that, from time to time, the Company may be in a “blackout period” and/or subject to applicable federal securities laws that could subject the Grantee to liability for engaging in any transaction involving the
sale of the Company’s Shares. The Grantee further acknowledges and agrees that, prior to the sale of any Shares acquired under this Award, it is the Grantee’s responsibility to determine whether or not such sale of Shares will subject the
Grantee to liability under insider trading rules or other applicable federal securities laws. 
 The Grantee understands that
the Award is subject to the Grantee’s consent to access this Notice, the Agreement, the Plan and the Plan prospectus (collectively, the “Plan Documents”) in electronic form on the Company’s intranet or the website of the
Company’s designated brokerage firm, if applicable, or by such other method as designated by the Company at the Company’s sole discretion from time to time. By signing below and accepting the grant of the Award, the Grantee:
(i) consents to access copies of the Plan Documents by means and methods as designated by the Company from time to time; (ii) if applicable or upon establishment by the Company of an intranet or upon engagement of a brokerage firm for the
administration of these Awards, consents to access electronic copies (instead of receiving paper copies) of the Plan Documents via such Company intranet or the website of the Company’s designated brokerage firm; (iii) represents and agrees
that the Grantee will comply with reasonable procedures to access the Company’s intranet or the website of the Company’s designated brokerage firm, if applicable; (iv) acknowledges that the Grantee is already in possession of paper
copies, of the Plan Documents; and (v) acknowledges that the Grantee is familiar with and accepts the Award subject to the terms and provisions of the Plan Documents. 
 The Company may, in its sole discretion, decide to deliver any Plan Documents by electronic means or request the Grantee’s consent to participate in the Plan by electronic means. The Grantee hereby
consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company. 

The Grantee hereby agrees that all questions of interpretation and administration relating to this Notice, the Plan and the Agreement
shall be resolved by the Administrator in accordance with Section 8 of the Agreement. The Grantee further agrees to the venue and jurisdiction selection in accordance with Section 9 of the Agreement. The Grantee further agrees to notify
the Company upon any change in his or her residence address indicated in this Notice. 
  

							
	 Date: 
	 	 	 		 	  

		 		 		 	Grantee’s Signature

  
 3 

 FORM OF TIME-VESTED RESTRICTED STOCK UNIT AGREEMENT 

Award
Number:                                  

RESTORATION HARDWARE HOLDINGS, INC. 2012 STOCK INCENTIVE PLAN 

RESTRICTED STOCK UNIT AGREEMENT 
 1.    Issuance of Units. Restoration Hardware Holdings, Inc., a Delaware corporation (the “Company”), hereby issues to the Grantee (the “Grantee”) named in
the Notice of Restricted Stock Unit Award (the “Notice”) an award (the “Award”) of the Total Number of Restricted Stock Units Awarded set forth in the Notice (the “Units”), subject to the Notice, this Restricted Stock
Unit Agreement (the “Agreement”) and the terms and provisions of the Restoration Hardware Holdings, Inc. 2012 Stock Incentive Plan, as amended from time to time (the “Plan”), which is incorporated herein by reference. Unless
otherwise provided herein, the terms in this Agreement shall have the same meaning as those defined in the Plan. 

2.    Transfer Restrictions. The Units may not be transferred in any manner other than by will or by the laws
of descent and distribution. 
  

	 	3.	Conversion of Units and Issuance of Shares. 

 (a)    General. Subject to Sections 3(b) and 3(c), one share of Common Stock shall be issuable for each Unit subject to the Award (the “Shares”) upon vesting.
Immediately thereafter, or as soon as administratively feasible, the Company will transfer the appropriate number of Shares to the Grantee after satisfaction of any required tax or other withholding obligations. Any fractional Unit remaining after
the Award is fully vested shall be discarded and shall not be converted into a fractional Share. Notwithstanding the foregoing, the relevant number of Shares shall be issued no later than March 15th of the year following the calendar year in
which the Award vests. Effective upon the consummation of a Corporate Transaction, the Award shall terminate unless it is Assumed in connection with the Corporate Transaction. 
 (b)    Delay of Conversion. The conversion of the Units into the Shares under Section 3(a) above, shall be delayed in the event the Company reasonably anticipates that the
issuance of the Shares would constitute a violation of federal securities laws or other Applicable Law. If the conversion of the Units into the Shares is delayed by the provisions of this Section 3(b), the conversion of the Units into the
Shares shall occur at the earliest date at which the Company reasonably anticipates issuing the Shares will not cause a violation of federal securities laws or other Applicable Law. For purposes of this Section 3(b), the issuance of Shares that
would cause inclusion in gross income or the application of any penalty provision or other provision of the Code is not considered a violation of Applicable Law. 
 (c)    Delay of Issuance of Shares. The Company shall delay the issuance of any Shares under this Section 3 to the extent necessary to comply with
Section 409A(a)(2)(B)(i) of the Code (relating to payments made to certain “specified employees” of certain publicly-traded companies); in such event, any Shares to which the Grantee would otherwise be entitled during the six
(6) month period following the date of the Grantee’s termination of Continuous Service will be issuable on the first business day following the expiration of such six (6) month period. 

 4.    Right to Shares. The Grantee shall not have any right in,
to or with respect to any of the Shares (including any voting rights or rights with respect to dividends paid on the Common Stock) issuable under the Award until the Award is settled by the issuance of such Shares to the Grantee. 

 

	 	5.	Taxes. 

(a)    Tax Liability. The Grantee is ultimately liable and responsible for all taxes owed by the Grantee in
connection with the Award, regardless of any action the Company or any Related Entity takes with respect to any tax withholding obligations that arise in connection with the Award. Neither the Company nor any Related Entity makes any representation
or undertaking regarding the treatment of any tax withholding in connection with any aspect of the Award, including the grant, vesting, assignment, release or cancellation of the Units, the delivery of Shares, the subsequent sale of any Shares
acquired upon vesting and the receipt of any dividends or dividend equivalents. The Company does not commit and is under no obligation to structure the Award to reduce or eliminate the Grantee’s tax liability. 

(b)    Payment of Withholding Taxes. Prior to any event in connection with the Award (e.g., vesting) that the
Company determines may result in any tax withholding obligation, whether United States federal, state, local or non-U.S., including any social insurance, employment tax, payment on account or other tax-related obligation (the “Tax Withholding
Obligation”), the Grantee must arrange for the satisfaction of the minimum amount of such Tax Withholding Obligation in a manner acceptable to the Company. 
 (i)    By Share Withholding. If permissible under Applicable Law, the Grantee authorizes the Company to, upon the exercise of its sole discretion, withhold from those Shares
otherwise issuable to the Grantee the whole number of Shares sufficient to satisfy the minimum applicable Tax Withholding Obligation. The Grantee acknowledges that the withheld Shares may not be sufficient to satisfy the Grantee’s minimum Tax
Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the
withholding of Shares described above. 
 (ii)    By Sale of Shares. Unless the Grantee determines
to satisfy the Tax Withholding Obligation by some other means in accordance with clause (iii) below, the Grantee’s acceptance of this Award constitutes the Grantee’s instruction and authorization to the Company and any brokerage firm
determined acceptable to the Company for such purpose to, upon the exercise of Company’s sole discretion, sell on the Grantee’s behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be
appropriate to generate cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable.
The Grantee will be responsible for all broker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds
of such sale exceed the Grantee’s minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that the Company or its designee is under no obligation to arrange for such sale at any
particular price, and that the proceeds of any such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity as soon as practicable,
including through additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above. 
 (iii)    By Check, Wire Transfer or Other Means. At any time not less than five (5) business days (or such fewer number of business days as determined by the Administrator)
before any 

  
 2 

 
Tax Withholding Obligation arises (e.g., a vesting date), the Grantee may elect to satisfy the Grantee’s Tax Withholding Obligation by delivering to the Company an amount that the Company
determines is sufficient to satisfy the Tax Withholding Obligation by (x) wire transfer to such account as the Company may direct, (y) delivery of a certified check payable to the Company, or (z) such other means as specified from
time to time by the Administrator. 
 Notwithstanding the foregoing, the Company or a Related Entity also may satisfy any Tax Withholding
Obligation by offsetting any amounts (including, but not limited to, salary, bonus and severance payments) payable to the Grantee by the Company and/or a Related Entity. Furthermore, in the event of any determination that the Company has failed to
withhold a sum sufficient to pay all withholding taxes due in connection with the Award, the Grantee agrees to pay the Company the amount of such deficiency in cash within five (5) days after receiving a written demand from the Company to do
so, whether or not the Grantee is an employee of the Company at that time. 
 6.    Entire Agreement;
Governing Law. The Notice, the Plan and this Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Grantee
with respect to the subject matter hereof, and may not be modified adversely to the Grantee’s interest except by means of a writing signed by the Company and the Grantee. These agreements are to be construed in accordance with and governed by
the internal laws of the State of California without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of California to the rights and duties of the
parties. Should any provision of the Notice or this Agreement be determined to be illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable. 

7.    Construction. The captions used in the Notice and this Agreement are inserted for convenience and shall
not be deemed a part of the Award for construction or interpretation. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the term “or” is not intended to
be exclusive, unless the context clearly requires otherwise. 
 8.    Administration and
Interpretation. Any question or dispute regarding the administration or interpretation of the Notice, the Plan or this Agreement shall be submitted by the Grantee or by the Company to the Administrator. The resolution of such question or dispute
by the Administrator shall be final and binding on all persons. 
 9.    Venue and Jurisdiction. The
parties agree that any suit, action, or proceeding arising out of or relating to the Notice, the Plan or this Agreement shall be brought exclusively in the United States District Court for the Northern District of California (or should such court
lack jurisdiction to hear such action, suit or proceeding, in a California state court in the County of San Francisco) and that the parties shall submit to the jurisdiction of such court. The parties irrevocably waive, to the fullest extent
permitted by law, any objection the party may have to the laying of venue for any such suit, action or proceeding brought in such court. If any one or more provisions of this Section 9 shall for any reason be held invalid or unenforceable, it
is the specific intent of the parties that such provisions shall be modified to the minimum extent necessary to make it or its application valid and enforceable. 
 10.    Notices. Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery, upon deposit for delivery by
an internationally recognized express mail courier service or upon deposit in the United States mail by certified mail (if the parties are within the United States), with postage and fees prepaid, addressed to the other party at its address as shown
in these instruments, or to such other address as such party may designate in writing from time to time to the other party. 

  
 3 

 11.    Data Privacy. The Grantee hereby explicitly and
unambiguously consents to the collection, use and transfer, in electronic or other form, of the Grantee’s personal data as described in the Notice and this Agreement by and among, as applicable, the Grantee’s employer, the Company and any
Related Entity for the exclusive purpose of implementing, administering and managing the Grantee’s participation in the Plan. The Grantee understands that the Company and the Grantee’s employer may hold certain personal information about
the Grantee, including, but not limited to, the Grantee’s name, home address and telephone number, date of birth, social insurance or other identification number, salary, nationality, job title, any Shares or directorships held in the Company,
details of all Units or any other entitlement to Shares awarded, canceled, vested, unvested or outstanding in the Grantee’s favor, for the exclusive purpose of implementing, administering and managing the Plan (“Data”). The Grantee
understands that Data will be transferred to any third party assisting the Company with the implementation, administration and management of the Plan. The Grantee understands that the recipients of the Data may be located in the Grantee’s
country, or elsewhere, and that the recipients’ country may have different data privacy laws and protections than the Grantee’s country. The Grantee understands that the Grantee may request a list with the names and addresses of any
potential recipients of the Data by contacting the Grantee’s local human resources representative. The Grantee authorizes the Company and any other possible recipients which may assist the Company (presently or in the future) with implementing,
administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing the Grantee’s participation in the Plan. The Grantee
understands that Data will be held only as long as is necessary to implement, administer and manage the Grantee’s participation in the Plan. The Grantee understands that the Grantee may, at any time, view Data, request additional information
about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing the Grantee’s local human resources representative. The Grantee
understands, however, that refusal or withdrawal of consent may affect the Grantee’s ability to participate in the Plan. For more information on the consequences of the Grantee’s refusal to consent or withdrawal of consent, the Grantee
understands that the Grantee may contact the Grantee’s local human resources representative. 

12.    Language. If the Grantee has received this Agreement or any other document related to the Plan
translated into a language other than English and if the translated version is different than the English version, the English version will control, unless otherwise prescribed by Applicable Law. 

13.    Amendment and Delay to Meet the Requirements of Section 409A. The Grantee acknowledges that the
Company, in the exercise of its sole discretion and without the consent of the Grantee, may amend or modify this Agreement in any manner and delay the issuance of any Shares issuable pursuant to this Agreement to the minimum extent necessary to meet
the requirements of Section 409A of the Code as amplified by any Treasury regulations or guidance from the Internal Revenue Service as the Company deems appropriate or advisable. In addition, the Company makes no representation that the Award
will comply with Section 409A of the Code and makes no undertaking to prevent Section 409A of the Code from applying to the Award or to mitigate its effects on any deferrals or payments made in respect of the Units. The Grantee is
encouraged to consult a tax adviser regarding the potential impact of Section 409A of the Code. 

14.    Imposition of Other Requirements. The Company reserves the right to impose other requirements on the
Grantee’s participation in the Plan, on the Award and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and
to require the Grantee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

END OF AGREEMENT 

  
 4

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