Document:

EX-10.1

 Exhibit 10.1 

$50,000,000 SENIOR SECURED CREDIT FACILITIES 

AMENDED AND RESTATED CREDIT AGREEMENT 

dated as of November 1, 2017 

among 
 HORTONWORKS, INC.

 as the Borrower, 
 THE
SEVERAL LENDERS FROM TIME TO TIME PARTY HERETO, 
 and 

SILICON VALLEY BANK, 
 as
Administrative Agent, Issuing Lender and Swingline Lender 

 Table of Contents 

 

									
	 	  	 	  	 	  	Page	 
		
	SECTION 1 DEFINITIONS	  	 	1	
				
		  	1.1	  	Defined Terms	  	 	1	
		  	1.2	  	Other Definitional Provisions	  	 	29	
		  	1.3	  	Rounding	  	 	29	
		
	SECTION 2 AMOUNT AND TERMS OF COMMITMENTS	  	 	29	
				
		  	2.1	  	[Reserved]	  	 	29	
		  	2.2	  	[Reserved]	  	 	29	
		  	2.3	  	[Reserved]	  	 	30	
		  	2.4	  	Revolving Commitments	  	 	30	
		  	2.5	  	Procedure for Revolving Loan Borrowing	  	 	30	
		  	2.6	  	Swingline Commitment	  	 	30	
		  	2.7	  	Procedure for Swingline Borrowing; Refunding of Swingline Loans	  	 	31	
		  	2.8	  	Protective Advances	  	 	32	
		  	2.9	  	Fees	  	 	33	
		  	2.10	  	Termination or Reduction of Revolving Commitments	  	 	33	
		  	2.11	  	Optional Prepayments	  	 	33	
		  	2.12	  	[Reserved]	  	 	34	
		  	2.13	  	Conversion and Continuation Options	  	 	34	
		  	2.14	  	Limitations on Eurodollar Tranches	  	 	34	
		  	2.15	  	Interest Rates and Payment Dates	  	 	34	
		  	2.16	  	Computation of Interest and Fees	  	 	35	
		  	2.17	  	Inability to Determine Interest Rate	  	 	35	
		  	2.18	  	Pro Rata Treatment and Payments	  	 	35	
		  	2.19	  	Illegality; Requirements of Law	  	 	38	
		  	2.20	  	Taxes	  	 	40	
		  	2.21	  	Indemnity	  	 	43	
		  	2.22	  	Change of Lending Office	  	 	44	
		  	2.23	  	Substitution of Lenders	  	 	44	
		  	2.24	  	Defaulting Lenders	  	 	45	
		  	2.25	  	Joint and Several Liability of the Borrowers	  	 	47	
		  	2.26	  	Notes	  	 	50	
		  	2.27	  	Administrative Borrower	  	 	50	
		  	2.28	  	Incremental Facility	  	 	51	
		
	SECTION 3 LETTERS OF CREDIT	  	 	52	
				
		  	3.1	  	L/C Commitment	  	 	52	
		  	3.2	  	Procedure for Issuance of Letters of Credit	  	 	53	
		  	3.3	  	Fees and Other Charges	  	 	54	
		  	3.4	  	L/C Participations; Existing Letters of Credit	  	 	54	
		  	3.5	  	Reimbursement	  	 	55	
		  	3.6	  	Obligations Absolute	  	 	56	
		  	3.7	  	Letter of Credit Payments	  	 	56	
		  	3.8	  	Applications	  	 	56	
		  	3.9	  	Interim Interest	  	 	56	
		  	3.10	  	Cash Collateral	  	 	57	
		  	3.11	  	Additional Issuing Lenders	  	 	58	
		  	3.12	  	Resignation of the Issuing Lender	  	 	58	
		  	3.13	  	Applicability of ISP	  	 	58	

  
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 Table of Contents 

(continued) 
  

									
	 	  	 	  	 	  	Page	 
		
	SECTION 4 REPRESENTATIONS AND WARRANTIES	  	 	58	
				
		  	4.1	  	Financial Condition	  	 	58	
		  	4.2	  	No Change	  	 	59	
		  	4.3	  	Existence; Compliance with Law	  	 	59	
		  	4.4	  	Power, Authorization; Enforceable Obligations	  	 	59	
		  	4.5	  	No Legal Bar	  	 	60	
		  	4.6	  	Litigation	  	 	60	
		  	4.7	  	No Default	  	 	60	
		  	4.8	  	Ownership of Property; Liens; Investments	  	 	60	
		  	4.9	  	Intellectual Property	  	 	60	
		  	4.10	  	Taxes	  	 	61	
		  	4.11	  	Federal Regulations	  	 	61	
		  	4.12	  	Labor Matters	  	 	61	
		  	4.13	  	ERISA	  	 	61	
		  	4.14	  	Investment Company Act; Other Regulations	  	 	62	
		  	4.15	  	Subsidiaries	  	 	62	
		  	4.16	  	Use of Proceeds	  	 	63	
		  	4.17	  	Environmental Matters	  	 	63	
		  	4.18	  	Accuracy of Information, etc.	  	 	63	
		  	4.19	  	Security Documents	  	 	64	
		  	4.20	  	Solvency	  	 	64	
		  	4.21	  	[Reserved]	  	 	65	
		  	4.22	  	Designated Senior Indebtedness	  	 	65	
		  	4.23	  	[Reserved]	  	 	65	
		  	4.24	  	Insurance	  	 	65	
		  	4.25	  	[Reserved]	  	 	65	
		  	4.26	  	[Reserved]	  	 	65	
		  	4.27	  	Capitalization	  	 	65	
		  	4.28	  	OFAC	  	 	65	
		  	4.29	  	Anti-Corruption Laws	  	 	65	
		
	SECTION 5 CONDITIONS PRECEDENT	  	 	65	
				
		  	5.1	  	Conditions to Initial Extension of Credit	  	 	65	
		  	5.2	  	Conditions to Each Extension of Credit	  	 	68	
		  	5.3	  	Post-Closing Conditions Subsequent	  	 	69	
		
	SECTION 6 AFFIRMATIVE COVENANTS	  	 	69	
				
		  	6.1	  	Financial Statements	  	 	69	
		  	6.2	  	Certificates; Reports; Other Information	  	 	70	
		  	6.3	  	Accounts Receivable	  	 	72	
		  	6.4	  	Payment of Obligations	  	 	73	
		  	6.5	  	Maintenance of Existence; Compliance	  	 	73	
		  	6.6	  	Maintenance of Property; Insurance	  	 	74	
		  	6.7	  	Books and Records	  	 	74	
		  	6.8	  	Notices	  	 	74	

  
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 Table of Contents 

(continued) 
  

									
	 	  	 	  	 	  	Page	 
				
		  	6.9	  	Environmental Laws	  	 	75	
		  	6.10	  	Operating Accounts	  	 	75	
		  	6.11	  	Audits	  	 	75	
		  	6.12	  	Additional Collateral, Etc.	  	 	76	
		  	6.13	  	[Reserved]	  	 	78	
		  	6.14	  	Use of Proceeds	  	 	78	
		  	6.15	  	Designated Senior Indebtedness	  	 	78	
		  	6.16	  	Anti-Corruption Laws	  	 	78	
		  	6.17	  	Further Assurances	  	 	78	
		
	SECTION 7 NEGATIVE COVENANTS	  	 	78	
				
		  	7.1	  	Financial Condition Covenants	  	 	78	
		  	7.2	  	Indebtedness	  	 	79	
		  	7.3	  	Liens	  	 	81	
		  	7.4	  	Fundamental Changes	  	 	82	
		  	7.5	  	Disposition of Property	  	 	83	
		  	7.6	  	Restricted Payments	  	 	84	
		  	7.7	  	[Reserved]	  	 	85	
		  	7.8	  	Investments	  	 	85	
		  	7.9	  	ERISA	  	 	87	
		  	7.10	  	Optional Payments and Modifications of Certain Preferred Stock and Debt Instruments	  	 	88	
		  	7.11	  	Transactions with Affiliates	  	 	88	
		  	7.12	  	Sale Leaseback Transactions	  	 	88	
		  	7.13	  	Swap Agreements	  	 	88	
		  	7.14	  	Accounting Changes	  	 	88	
		  	7.15	  	Negative Pledge Clauses	  	 	88	
		  	7.16	  	Clauses Restricting Subsidiary Distributions	  	 	89	
		  	7.17	  	Lines of Business	  	 	89	
		  	7.18	  	Designation of other Indebtedness	  	 	89	
		  	7.19	  	[Reserved]	  	 	89	
		  	7.20	  	Amendments to Organizational Agreements	  	 	89	
		  	7.21	  	Use of Proceeds	  	 	89	
		  	7.22	  	Subordinated Debt	  	 	89	
		  	7.23	  	Anti-Terrorism Laws	  	 	90	
		
	SECTION 8 EVENTS OF DEFAULT	  	 	90	
				
		  	8.1	  	Events of Default	  	 	90	
		  	8.2	  	Remedies Upon Event of Default	  	 	93	
		  	8.3	  	Application of Funds	  	 	94	
		
	SECTION 9 THE ADMINISTRATIVE AGENT	  	 	95	
				
		  	9.1	  	Appointment and Authority	  	 	95	
		  	9.2	  	Delegation of Duties	  	 	96	
		  	9.3	  	Exculpatory Provisions	  	 	96	
		  	9.4	  	Reliance by Administrative Agent	  	 	97	
		  	9.5	  	Notice of Default	  	 	97	
		  	9.6	  	Non-Reliance on Administrative Agent and Other Lenders	  	 	98	

  
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 Table of Contents 

(continued) 
  

									
	 	  	 	  	 	  	Page	 
				
		  	9.7	  	Indemnification	  	 	98	
		  	9.8	  	Agent in Its Individual Capacity	  	 	99	
		  	9.9	  	Successor Administrative Agent	  	 	99	
		  	9.10	  	Collateral and Guaranty Matters	  	 	100	
		  	9.11	  	Administrative Agent May File Proofs of Claim	  	 	101	
		  	9.12	  	[Reserved]	  	 	102	
		  	9.13	  	Cash Management Bank and Qualified Counterparty Reports	  	 	102	
		  	9.14	  	Survival	  	 	102	
		
	SECTION 10 MISCELLANEOUS	  	 	102	
				
		  	10.1	  	Amendments and Waivers	  	 	102	
		  	10.2	  	Notices	  	 	104	
		  	10.3	  	No Waiver; Cumulative Remedies	  	 	106	
		  	10.4	  	Survival of Representations and Warranties	  	 	106	
		  	10.5	  	Expenses; Indemnity; Damage Waiver	  	 	106	
		  	10.6	  	Successors and Assigns; Participations and Assignments	  	 	108	
		  	10.7	  	Adjustments; Set-off	  	 	111	
		  	10.8	  	Payments Set Aside	  	 	112	
		  	10.9	  	Interest Rate Limitation	  	 	112	
		  	10.10	  	Counterparts; Electronic Execution of Assignments	  	 	113	
		  	10.11	  	Severability	  	 	113	
		  	10.12	  	Integration	  	 	113	
		  	10.13	  	GOVERNING LAW	  	 	113	
		  	10.14	  	Submission to Jurisdiction; Waivers	  	 	113	
		  	10.15	  	Acknowledgements	  	 	114	
		  	10.16	  	Releases of Guarantees and Liens	  	 	114	
		  	10.17	  	Treatment of Certain Information; Confidentiality	  	 	115	
		  	10.18	  	Automatic Debits	  	 	116	
		  	10.19	  	Judgment Currency	  	 	116	
		  	10.20	  	Patriot Act	  	 	116	
		  	10.21	  	Acknowledgment of Prior Obligations	  	 	117	
		  	10.22	  	No Novation	  	 	117	
		  	10.23	  	Release	  	 	117	
		  	10.24	  	Acknowledgement and Consent to Bail-In of EEA Financial Institutions Release	  	 	118	

  
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 Table of Contents 

(continued) 
 SCHEDULES 

 

			
	Schedule 1.1A:	  	Commitments
	Schedule 1.1B:	  	Existing Letters of Credit
	Schedule 4.4:	  	Governmental Approvals, Consents, Authorizations, Filings and Notices
	Schedule 4.5:	  	Requirements of Law
	Schedule 4.13:	  	ERISA Plans
	Schedule 4.15:	  	Subsidiaries
	Schedule 4.17:	  	Environmental Matters
	Schedule 4.19(a):	  	Financing Statements and Other Filings
	Schedule 4.27:	  	Capitalization
	Schedule 7.2(d):	  	Existing Indebtedness
	Schedule 7.3(f):	  	Existing Liens

 EXHIBITS 
  

			
	Exhibit A:	  	Reserved
	Exhibit B:	  	Form of Compliance Certificate
	Exhibit C:	  	Form of Secretary’s/Managing Member’s Certificate
	Exhibit D:	  	Form of Solvency Certificate
	Exhibit E:	  	Form of Assignment and Assumption
	Exhibits F-1 – F-4:	  	Forms of U.S. Tax Compliance Certificate
	Exhibit G:	  	Reserved
	Exhibit H-1:	  	Form of Revolving Loan Note
	Exhibit H-2	  	Form of Swingline Loan Note
	Exhibit I:	  	Reserved
	Exhibit J:	  	Form of Collateral Information Certificate
	Exhibit K:	  	Form of Notice of Borrowing
	Exhibit L:	  	Form of Notice of Conversion/Continuation

  
 -v- 

 AMENDED AND RESTATED CREDIT AGREEMENT 

THIS AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”), dated as of November 1, 2017 is entered
into by and among, HORTONWORKS, INC., a Delaware corporation (“Hortonworks” and, together with any Subsidiary of Hortonworks that hereafter is designated in a writing signed by Hortonworks and the Administrative Agent
as an additional Borrower hereunder, individually and collectively as the context requires, jointly and severally, the “Borrower”), the several banks and other financial institutions or entities from time to time party to
this Agreement (each a “Lender” and, collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as administrative agent and collateral agent for the Lenders (in such
capacity, the “Administrative Agent”) and SVB, as the Issuing Lender and the Swingline Lender. 
 RECITALS:

 WHEREAS, the Lenders, the Administrative Agent, and the Borrower are parties to that certain Credit Agreement dated as of
November 2, 2016 (as the same has been amended, restated, supplemented or otherwise modified from time to time prior to the Closing Date, the “Existing Credit Agreement”); 

WHEREAS, the Lenders have agreed to extend certain credit facilities to the Borrower, upon the terms and conditions specified in this
Agreement, in an aggregate principal amount not to exceed $50,000,000, consisting of a revolving loan facility in an aggregate principal amount of up to $50,000,000, a letter of credit sub-facility in the
aggregate availability amount of $10,000,000 (as a sublimit of the revolving loan facility), and a swingline sub-facility in the aggregate availability amount of $10,000,000 (as a sublimit of the revolving
loan facility); 
 WHEREAS, each Loan Party has secured and agrees to continue to secure all of its Obligations by granting to the
Administrative Agent, for the ratable benefit of the Secured Parties, a first priority lien (subject to Liens permitted by the Loan Documents) on substantially all of its respective personal property assets; and 

WHEREAS, each of the Guarantors has guaranteed and agrees to continue to guarantee the Obligations of the Borrower and to secure its
respective Obligations in respect of such guarantee by granting to the Administrative Agent, for the ratable benefit of the Secured Parties, a first priority lien (subject to Liens permitted by the Loan Documents) on substantially all of its
personal property assets. 
 NOW, THEREFORE, the parties hereto hereby agree that the Existing Credit Agreement shall be amended and
restated in its entirety to read as follows (it being agreed that this Agreement shall not be deemed to evidence or result in a novation or repayment and reborrowing of the Obligations under, and as defined in, the Existing Credit Agreement): 

SECTION 1 
 DEFINITIONS

 1.1 Defined Terms. As used in this Agreement (including the recitals hereof), the terms listed in this
Section 1.1 shall have the respective meanings set forth in this Section 1.1. 

“ABR”: for any day, a rate per annum equal to the higher of (a) the Prime Rate in effect on such day and
(b) the Federal Funds Effective Rate in effect for such day plus 0.50%; provided that in no event shall the ABR be deemed to be less than 0.00%. Any change in the ABR due to a change in the Prime Rate or the Federal Funds Effective Rate
shall be effective as of the opening of business on the effective day of the change in such rates. 

  
 1 

 “ABR Loans”: Loans, the rate of interest applicable to which is based
upon the ABR. 
 “Account Debtor”: any Person who may become obligated to any Person under, with respect to, or on
account of, an Account, chattel paper or general intangibles (including a payment intangible). Unless otherwise stated, the term “Account Debtor,” when used herein, shall mean an Account Debtor in respect of an Account of a Loan Party.

 “Accounts”: all “accounts” (as defined in the UCC) of a Person, including, without limitation,
accounts, accounts receivable, monies due or to become due and obligations in any form (whether arising in connection with contracts, contract rights, instruments, general intangibles, or chattel paper), in each case whether arising out of goods
sold or services rendered or from any other transaction and whether or not earned by performance, now or hereafter in existence, and all documents of title or other documents representing any of the foregoing, and all collateral security and
guaranties of any kind, now or hereafter in existence, given by any Person with respect to any of the foregoing. Unless otherwise stated, the term “Account,” when used herein, shall mean an Account of a Loan Party. 

“Adjusted Quick Ratio”: the ratio of (a) Quick Assets to (b) Current Liabilities minus current
portion of Deferred Revenue. 
 “Administrative Agent”: SVB, as the administrative agent under this Agreement and
the other Loan Documents, together with any of its successors in such capacity. 
 “Affected Lender”: is defined in
Section 2.23. 
 “Affiliate”: 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; provided that, neither the Administrative Agent nor the Lenders shall be deemed Affiliates of the Loan
Parties as a result of the exercise of their rights and remedies under the Loan Documents. 
 “Agent Parties”: is
defined in Section 10.2(d)(ii). 
 “Aggregate Exposure”: with respect to any Lender at any
time, (a) the amount of such Lender’s Revolving Commitment then in effect or, if the Revolving Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding and (b) without
duplication of clause (a), the L/C Commitment of such Lender then in effect (as a sublimit of the Revolving Commitment of such Lender). 

“Aggregate Exposure Percentage”: with respect to any Lender at any time, the ratio (expressed as a percentage) of such
Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time. 
 “Agreement”:
is defined in the preamble hereto. 
 “Agreement Currency”: is defined in Section 10.19.

 “Applicable Margin”: with respect to Eurodollar Loans and Letters of Credit, 3.50%, and with respect to ABR
Loans, 2.50%. 
 “Application”: an application, in such form as the Issuing Lender may specify from time to time,
requesting the Issuing Lender to issue a Letter of Credit. 

  
 2 

 “Approved Fund”: any Fund that is administered or managed by (a) a
Lender, (b) an Affiliate of a Lender, or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Assignment and Assumption”: an assignment and assumption entered into by a Lender and an Eligible Assignee (with the
consent of any party whose consent is required by Section 10.6), and accepted by the Administrative Agent, in substantially the form of Exhibit E or any other form approved by the Administrative
Agent. 
 “Available Revolving Commitment”: at any time, an amount equal to (a) Total Revolving Commitments in
effect at such time, minus (b) the aggregate principal balance of any Revolving Loans outstanding at such time, minus (c) the aggregate undrawn amount of all outstanding Letters of Credit at such time, minus
(d) the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time; provided that for purposes of calculating Section 2.9(b), the aggregate
principal amount of Swingline Loans then outstanding shall be deemed to be zero. 
 “Available Revolving Increase
Amount”: as of any date of determination, an amount equal to the result of (a) $50,000,000 minus (b) the aggregate principal amount of Increases to the Revolving Commitments previously made pursuant to
Section 2.28 after the Closing Date. 
 “Bail-In
Action”: the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation”: with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 “Bankruptcy Code”: Title 11 of the United States Code entitled “Bankruptcy.”

 “Benefitted Lender”: as defined in Section 10.7(a). 

“Blocked Person”: as defined in Section 7.23. 

“Board”: the Board of Governors of the Federal Reserve System of the United States (or any successor). 

“Borrower”: as defined in the preamble hereto. 

“Borrowing Date”: any Business Day specified by the Borrower in a Notice of Borrowing as a date on which the Borrower
requests the relevant Lenders to make Loans hereunder. 
 “Business”: as defined in
Section 4.17(b). 
 “Business Day”: a day other than a Saturday, Sunday or other day on
which commercial banks in the State of California are authorized or required by law to close; provided that with respect to notices and determinations in connection with, and payments of principal and interest on, Eurodollar Loans, such day
is also a day for trading by and between banks in Dollar deposits in the interbank eurodollar market. 
 “Capital Lease
Obligations”: as to any Person, 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 

  
 3 

 
capital leases on a balance sheet of such Person under GAAP and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such
time determined in accordance with GAAP. For the avoidance of doubt, “Capital Lease Obligations” shall not include obligations or liabilities of any 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 would be required to be classified and accounted for as an operating lease under GAAP as existing on the Closing Date. 

“Capital Stock”: any and all shares, interests, participations or other equivalents (however designated) of capital
stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the foregoing. 

“Cash Collateralize”: to pledge and deposit with or deliver to (a) with respect to Obligations in respect of
Letters of Credit, the Administrative Agent, for the benefit of the Issuing Lender and one or more of the Lenders, as applicable, as collateral for L/C Exposure or obligations of the Lenders to fund participations in respect thereof, cash or deposit
account balances or, if the Administrative Agent and the Issuing Lender shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and
such Issuing Lender; (b) with respect to Obligations arising under any Cash Management Agreement in connection with Cash Management Services, the applicable Cash Management Bank, for its own or any of its applicable Affiliate’s benefit, as
provider of such Cash Management Services, cash or deposit account balances or, if the Administrative Agent and the applicable Cash Management Bank shall agree in their sole discretion, other credit support, in each case pursuant to
documentation in form and substance reasonably satisfactory to the Administrative Agent and such Cash Management Bank or (c) with respect to Obligations in respect of any Specified Swap Agreements, the applicable Qualified Counterparty, as
Collateral for such Obligations, cash or deposit account balances or, if such Qualified Counterparty shall agree in its sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably satisfactory to
such Qualified Counterparty. “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

“Cash Equivalents”: (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States
Government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits or
overnight bank deposits having maturities of six months or less from the date of acquisition issued by any Lender or by any commercial bank organized under the laws of the United States or any state thereof having combined capital and surplus of not
less than $250,000,000; (c) commercial paper of an issuer rated at least A-1 by S&P or P-1 by Moody’s, or carrying an equivalent rating by a nationally
recognized rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within six months from the date of acquisition; (d) repurchase obligations of any Lender or of any
commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by the United States government; (e) securities with
maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by
any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or A by Moody’s; (f) securities with
maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of this definition; (g) money market mutual or similar
funds that invest exclusively in assets satisfying the requirements of clauses (a) through (f) of this definition; (h) 

  
 4 

 
money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended, (ii) are
rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000 or (i) instruments comparable in credit quality and tenor to those referred to in clauses (a) through (h) above and customarily
used by corporations for cash management purposes in a jurisdiction outside of the United States, utilized by Foreign Subsidiaries to the extent reasonably required in connection with any business conducted by such Subsidiary in such jurisdiction;
and (j) other cash equivalents and short-term investments that would be included among “cash equivalents” or “short term investments” on a consolidated balance sheet prepared in accordance with GAAP. 

“Cash Management Agreement”: as defined in the definition of “Cash Management Services.” 

“Cash Management Bank”: any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an
Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement. 
 “Cash Management Services”:
cash management and other services provided to one or more of the Loan Parties by a Cash Management Bank which may include merchant services, direct deposit of payroll, business credit card, and check cashing services identified in such Cash
Management Bank’s various cash management services or other similar agreements (each, a “Cash Management Agreement”). 

“Casualty Event”: any damage to or any destruction of, or any condemnation or other taking by any Governmental
Authority of, any property of Hortonworks or any Subsidiary thereof. 
 “Certificated Securities”: as defined in
Section 4.19(a). 
 “Change of Control”: (a) at any time, any “person” or
“group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), shall become, or obtain rights (whether by means or warrants, options or otherwise) to become, the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d) 5 under the Exchange Act), directly or indirectly, of 50% or more of the ordinary voting power for the election of directors of Hortonworks (determined on a fully diluted basis); (b) during any
period of 12 consecutive months, a majority of the members of the board of directors or other equivalent governing body of Hortonworks cease to be composed of individuals (i) who were members of that board or equivalent governing body on the
first day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority
of that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such
election or nomination at least a majority of that board or equivalent governing body; or (c) at any time, Hortonworks shall cease to own and control, of record and beneficially, directly or indirectly, 100% of each class of outstanding Capital
Stock of each other Loan Party free and clear of all Liens (except Liens arising by operation of law which do not have priority over the Lien of the Administrative Agent or otherwise created by the Security Documents). 

“Closing Date”: the date on which all of the conditions precedent set forth in Section 5.1
are satisfied or waived by the Administrative Agent and, as applicable, the Lenders or the Required Lenders. 

“Code”: the Internal Revenue Code of 1986, as amended from time to time. 

“Collateral”: all property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be
created by any Security Document. 

  
 5 

 “Collateral Information Certificate”: the Collateral Information
Certificate to be executed and delivered by the Borrower pursuant to Section 5.1, substantially in the form of Exhibit J. 

“Collateral-Related Expenses”: all costs and expenses of the Administrative Agent paid or incurred in connection with
any sale, collection or other realization on the Collateral, including reasonable fees and expenses of the Administrative Agent’s agents and counsel, and reimbursement for all other costs, expenses and liabilities and advances made or incurred
by the Administrative Agent in connection therewith (including as described in Section 6.6 of the Guarantee and Collateral Agreement), and all amounts for which the Administrative Agent is entitled to indemnification under the Security
Documents and all advances made by the Administrative Agent under the Security Documents for the account of any Loan Party. 

“Commitment”: as to any Lender, its Revolving Commitment. 

“Commitment Fee Rate”: 0.45% per annum. 

“Commodity Exchange Act”: the Commodity Exchange Act (7 U.S.C. Section 1 et seq.), as amended from time to
time, and any successor statute. 
 “Communications”: is defined in Section 10.2(d)(ii).

 “Compliance Certificate”: a certificate duly executed by a Responsible Officer substantially in the form of
Exhibit B. 
 “Connection Income Taxes”: Other Connection Taxes that are imposed on or
measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated Interest
Expense”: for any period, total interest expense (including that attributable to Capital Lease Obligations) of Hortonworks and its consolidated Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

 “Consolidated Net Income”: for any period, the consolidated net income (or loss) of Hortonworks and its
consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded from the calculation of “Consolidated Net Income” (a) the income (or deficit) of any such Person
accrued prior to the date it becomes a Subsidiary of Hortonworks or is merged into or consolidated with Hortonworks or one of its Subsidiaries, and (b) the income (or deficit) of any such Person (other than a Subsidiary of Hortonworks) in which
Hortonworks or one of its Subsidiaries has an ownership interest, except to the extent that any such income is actually received by Hortonworks or such Subsidiary in the form of dividends or similar distributions. 

“Contractual Obligation”: as to any Person, any provision of any security issued by such Person or of any agreement,
instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

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

  
 6 

 “Control Agreement”: any account control agreement entered into among the
depository institution at which a Loan Party maintains a Deposit Account or the securities intermediary at which a Loan Party maintains a Securities Account, such Loan Party, and the Administrative Agent pursuant to which the Administrative Agent
obtains control (within the meaning of the UCC or any other applicable law) over such Deposit Account or Securities Account. 

“Current Liabilities”: on any relevant date of determination, all Obligations consisting of outstanding Revolving
Loans and outstanding Letters of Credit, plus, without duplication, the aggregate amount of Total Liabilities that may properly be classified as current liabilities on a balance sheet prepared in accordance with GAAP. 

“Debtor Relief Laws”: the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the
benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect. 

“Default”: any of the events specified in Section 8.1, whether or not any requirement for
the giving of notice, the lapse of time, or both, has been satisfied. 
 “Default Rate”: as defined in
Section 2.15(B). 
 “Defaulting Lender”: subject to
Section 2.24(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans or participations in respect of Letters of Credit within two (2) Business Days of the date such Loans or
participations were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s reasonable determination that one or more conditions precedent
to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, the Issuing Lender, the Swingline Lender or
any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two (2) Business Days of the date when due, (b) has notified the Borrower, the
Administrative Agent, the Issuing Lender or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to
such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s reasonable determination that a condition precedent to funding (which condition precedent, together with any applicable default,
shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the
Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written
confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) become the subject of a Bail-In Action, or (iii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of
its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the
ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the
jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements
made with such Lender. Any determination by the 

  
 7 

 
Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall
be deemed to be a Defaulting Lender (subject to Section 2.24(b)) upon delivery of written notice of such determination to the Borrower, the Issuing Lender, the Swingline Lender and each Lender. 

“Deferred Payment Obligations”: as defined in Section 7.2(l). 

“Deferred Revenue”: all amounts received or invoiced in advance of performance under contracts and not yet recognized
as revenue. 
 “Deposit Account”: any “deposit account” as defined in the UCC with such additions to such
term as may hereafter be made. 
 “Deposit Account Control Agreement”: any Control Agreement entered into by the
Administrative Agent, a Loan Party and a financial institution holding a Deposit Account of such Loan Party pursuant to which the Administrative Agent is granted “control” (for purposes of the UCC) over such Deposit Account. 

“Designated Jurisdiction”: any country or territory to the extent that such country or territory itself is the subject
of any Sanction. 
 “Determination Date”: as defined in the definition of “Pro Forma Basis”. 

“Discharge of Obligations”: subject to Section 10.8, the satisfaction of the Obligations
(including all such Obligations relating to Cash Management Services) by the payment in full, in cash (or, as applicable, Cash Collateralization in accordance with the terms hereof) of the principal of and interest on or other liabilities relating
to each Loan and any previously provided Cash Management Services, all fees and all other expenses or amounts payable under any Loan Document (other than inchoate indemnification obligations and any other obligations which pursuant to the terms of
any Loan Document specifically survive repayment of the Loans for which no claim has been made), and other Obligations under or in respect of Specified Swap Agreements and Cash Management Services, to the extent (a) no default or termination
event shall have occurred and be continuing thereunder, (b) any such Obligations in respect of Specified Swap Agreements have, if required by any applicable Qualified Counterparties, been Cash Collateralized, (c) no Letter of Credit shall
be outstanding (or, as applicable, each outstanding and undrawn Letter of Credit has been Cash Collateralized in accordance with the terms hereof), (d) no Obligations in respect of any Cash Management Services are outstanding (or, as applicable, all
such outstanding Obligations in respect of Cash Management Services have been Cash Collateralized in accordance with the terms hereof), and (e) the aggregate Commitments of the Lenders are terminated.  
 “Disposition”: with respect to any property (including,
without limitation, Capital Stock of any Subsidiary of Hortonworks), any sale, lease, Sale Leaseback Transaction, assignment, conveyance, transfer, encumbrance or other disposition thereof and any issuance of Capital Stock by any Subsidiary of
Hortonworks.    The terms “Dispose” and “Disposed of” shall have correlative meanings. For the avoidance of doubt, the terms Disposition, Dispose and Disposed of do not refer to the
issuance, sale or transfer of Capital Stock of Hortonworks. 
 “Disqualified Stock” means any Capital Stock that, by
its terms (or by the terms of any security into which it is convertible, or for which it is exchangeable, in each case at the option of the holder thereof), or upon the happening of any event (except as a result of a change of control or asset sale
(or similar event, however denominated) so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all

  
 8 

 
other Obligations that are accrued and payable and the termination of the Commitments), matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at
the option of the holder thereof, in whole or in part, on or prior to the date that is ninety-one (91) days after the date on which the Loans mature; provided, that, if such Capital Stock is issued
pursuant to a plan for the benefit of officers, directors, managers, employees, members of management or consultants of Hortonworks or any Subsidiary or by any such plan to such officers, directors, managers, employees, members of management or
consultants, such Capital Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased by Hortonworks or any Subsidiary in order to satisfy any applicable statutory or regulatory obligations or as a result of any
such Person’s termination, death or disability. The amount of Disqualified Stock deemed to be outstanding at any time for purposes of this Agreement will be the maximum amount that Hortonworks and its Subsidiaries may become obligated to pay
upon maturity of, or pursuant to any mandatory redemption provisions of, such Disqualified Stock or portion thereof, plus accrued dividends. 

“Dollars” and “$”: dollars in lawful currency of the United States. 

“Domestic Subsidiary”: any Subsidiary of Hortonworks organized under the laws of any jurisdiction within the United
States. 
 “EEA Financial Institution”: (a) any credit institution or investment firm established in any EEA Member
Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial
institution established in an EEA Member Country which is a Subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country”: any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority”: any public administrative authority or any person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Eligible Assignee”: any Person that meets the requirements to be an assignee under
Section 10.6(b)(iii), (v) and (vi) (subject to such consents, if any, as may be required under Section 10.6(b)(iii)). 

“Environmental Laws”: any and all foreign, Federal, state, local or municipal laws, rules, orders, regulations,
statutes, ordinances, codes, decrees, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating to or imposing liability or standards of conduct concerning protection of human health or the
environment, as now or may at any time hereafter be in effect. 
 “Environmental Liability”: any liability,
contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from
or based upon (a) a violation of an Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Materials of Environmental Concern, (c) exposure to any Materials of Environmental
Concern, (d) the release or threatened release of any Materials of Environmental Concern into the environment, or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to
any of the foregoing. 

  
 9 

 “ERISA”: the Employee Retirement Income Security Act of 1974, as amended,
including (unless the context otherwise requires) any rules or regulations promulgated thereunder. 
 “ERISA
Affiliate”: each business or entity which is, or within the last six years was, a member of a “controlled group of corporations,” under “common control” or an “affiliated service group” with any Loan Party
within the meaning of Section 414(b), (c), (m) or (n) of the Code, required to be aggregated with any Loan Party under Section 414(o) of the Code, or is, or within the last six years was, under “common control” with any Loan
Party, within the meaning of Section 4001(a)(14) of ERISA. 
 “ERISA Event”: any of (a) a reportable event
as defined in Section 4043 of ERISA with respect to a Pension Plan, excluding, however, such events as to which the PBGC by regulation has waived the requirement of Section 4043(a) of ERISA that it be notified within 30 days of the
occurrence of such event; (b) the applicability of the requirements of Section 4043(b) of ERISA with respect to a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, to any Pension Plan where an event described in
paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such plan within the following 30 days; (c) a withdrawal by any Loan Party or any ERISA Affiliate thereof from a
Pension Plan or the termination of any Pension Plan resulting in liability under Sections 4063 or 4064 of ERISA; (d) the withdrawal of any Loan Party or any ERISA Affiliate thereof in a complete or partial withdrawal (within the meaning of
Section 4203 and 4205 of ERISA) from any Multiemployer Plan if there is any potential liability therefore, or the receipt by any Loan Party or any ERISA Affiliate thereof of notice from any Multiemployer Plan that it is in reorganization or
insolvency pursuant to Section 4241 or 4245 of ERISA; (e) the filing of a notice of intent to terminate, the treatment of a plan amendment as a termination under Section 4041 or 4041A of ERISA, or the commencement of proceedings by
the PBGC to terminate a Pension Plan or Multiemployer Plan; (f) the imposition of liability on any Loan Party or any ERISA Affiliate thereof pursuant to Sections 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c)
of ERISA; (g) the failure by any Loan Party or any ERISA Affiliate thereof to make any required contribution to a Pension Plan, or the failure to meet the minimum funding standard of Section 412 of the Code with respect to any Pension Plan
(whether or not waived in accordance with Section 412(c) of the Code) or the failure to make by its due date a required installment under Section 430 of the Code with respect to any Pension Plan or the failure to make any required
contribution to a Multiemployer Plan; (h) the determination that any Pension Plan is considered an at-risk plan or a plan in endangered to critical status within the meaning of Sections 430, 431 and 432
of the Code or Sections 303, 304 and 305 of ERISA; (i) an event or condition which might reasonably be expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any
Pension Plan or Multiemployer Plan; (j) the imposition of any liability under Title I or Title IV of ERISA, other than PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any Loan Party or any ERISA Affiliate
thereof; (k) an application for a funding waiver under Section 303 of ERISA or an extension of any amortization period pursuant to Section 412 of the Code with respect to any Pension Plan; (l) the occurrence of a non-exempt prohibited transaction under Sections 406 or 407 of ERISA for which any Loan Party or any Subsidiary thereof may be directly or indirectly liable; (m) a violation of the applicable requirements of
Section 404 or 405 of ERISA or the exclusive benefit rule under Section 401(a) of the Code by any fiduciary or disqualified person for which any Loan Party or any ERISA Affiliate thereof may be directly or indirectly liable; (n) the
occurrence of an act or omission which could give rise to the imposition on any Loan Party or any ERISA Affiliate thereof of fines, penalties, taxes or related charges under Chapter 43 of the Code or under Sections 409, 502(c), (i) or (1) or
4071 of ERISA; (o) the assertion of a material claim (other than routine claims for benefits) against any Plan or the assets thereof, or against any Loan Party or any Subsidiary thereof in connection with any such Plan; (p) receipt from
the IRS of notice of the failure of any Qualified Plan to qualify under Section 401(a) of the Code, or the failure of any trust forming part of any Qualified Plan to fail to qualify for exemption from taxation under Section 501(a) of the
Code; (q) the imposition of any lien (or the fulfillment of the conditions for the imposition of any lien) on any of the 

  
 10 

 
rights, properties or assets of any Loan Party or any ERISA Affiliate thereof, in either case pursuant to Title I or IV of ERISA, including Section 302(f) or 303(k) of ERISA or to
Section 401(a)(29) or 430(k) of the Code; (r) noncompliance with any requirement of Section 409A or 457 of the Code; (s) a violation of the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), the Health Insurance
Portability and Accountability Act of 1996 (HIPPA) and the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 (ACA); or (t) the establishment or amendment by an Loan Party or any Subsidiary
thereof of any “welfare plan” as such term is defined in Section 3(1) of ERISA, that provides post-employment welfare benefits in a manner that would increase the liability of any Loan Party. 

“ERISA Funding Rules”: the rules regarding minimum required contributions (including any installment payment thereof)
to Pension Plans, as set forth in Section 412 of the Code and Section 302 of ERISA, with respect to Plan years ending prior to the effective date of the Pension Protection Act of 2006, and thereafter, as set forth in Sections 412,
430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 
 “EU
Bail-In Legislation Schedule”: the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from
time to time. 
 “Eurocurrency Reserve Requirements”: for any day as applied to a Eurodollar Loan, the aggregate
(without duplication) of the maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including basic, supplemental, marginal and emergency reserves) under any regulations of the Board or other Governmental
Authority having jurisdiction with respect thereto dealing with reserve requirements prescribed for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board) maintained by a member bank of
the Federal Reserve System. 
 “Eurodollar Base Rate”: with respect to each day during each Interest Period
pertaining to a Eurodollar Loan, the rate per annum determined by the Administrative Agent by reference to the ICE Benchmark Administration London Interbank Offered Rate (“LIBOR”) (or any successor thereto if the ICE
Benchmark Administration is no longer making LIBOR available) for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in Dollars, determined as of approximately 11:00 A.M. (London, England
time) two (2) Business Days prior to the beginning of such Interest Period (as set forth by Bloomberg Information Service or any successor thereto or any other commercially available service selected by the Administrative Agent which provides
quotations of LIBOR); provided that the Eurodollar Base Rate shall not be less than 0%. In the event that the Administrative Agent determines that LIBOR is not available, the “Eurodollar Base Rate” shall be determined by reference to the
rate per annum equal to the offered quotation rate to first class banks in the London interbank market by SVB for deposits (for delivery on the first day of the relevant Interest Period) in Dollars of amounts in same day funds comparable to the
principal amount of the applicable Loan of the Administrative Agent, in its capacity as a Lender, for which the Eurodollar Base Rate is then being determined with maturities comparable to such period, as of approximately 11:00 A.M. (London, England
time) two (2) Business Days prior to the beginning of such Interest Period; provided that, in all events, such Eurodollar Base Rate shall not be less than 0%. 

“Eurodollar Loans”: Loans the rate of interest applicable to which is based upon the Eurodollar Rate. 

“Eurodollar Rate”: with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per
annum determined for such day in accordance with the following formula: 
  

					
		  	Eurodollar Base Rate	  	
		  	1.00 - Eurocurrency Reserve Requirements	  	

  
 11 

 The Eurodollar Rate shall be adjusted automatically as of the effective date of any change in the
Eurocurrency Reserve Requirements; provided that the Eurodollar Rate shall not be less than 0%. 
 “Eurodollar
Tranche”: the collective reference to Eurodollar Loans under a particular Facility (other than the L/C Facility), the then current Interest Periods with respect to all of which begin on the same date and end on the same later date
(whether or not such Loans shall originally have been made on the same day). 
 “Event of Default”: any of the
events specified in Section 8.1; provided that any requirement for the giving of notice, the lapse of time, or both, has been satisfied. 

“Exchange Act”: the Securities Exchange Act of 1934, as amended from time to time and any successor statute. 

“Excluded Subsidiary”: (i) any Immaterial Subsidiary, (ii) any Subsidiary all the Capital Stock of which is not
held (directly or indirectly) by Hortonworks, and (iii) any Excluded Tax Subsidiary. 
 “Excluded Swap
Obligations”: with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guarantee Obligation of such Guarantor with respect to, or the grant by such Guarantor of a Lien to secure, such Swap
Obligation (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of
such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act at the time such Guarantee Obligation of such Guarantor, or the grant by such Guarantor of such Lien,
becomes effective with respect to such Swap Obligation. If such a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for
which such Guarantee Obligation or Lien is or becomes excluded in accordance with the first sentence of this definition. 

“Excluded Taxes”: any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or
deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws
of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case
of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires
such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 2.23) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant
to Section 2.20, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office,
(c) Taxes attributable to such Recipient’s failure to comply with Section 2.20(f) and (d) any U.S. federal withholding Taxes imposed under FATCA and (e) all liabilities, penalties and interest with
respect to any of the foregoing. 
 “Excluded Tax Subsidiary”: (i) any Foreign Holding Company, (ii) any
Foreign Subsidiary, and (iii) any Subsidiary of any Person described in the preceding clause (i) or (ii). 

  
 12 

 “Existing Credit Agreement”: as defined in the recitals to this
Agreement. 
 “Existing Letters of Credit”: each letter of credit listed on Schedule 1.1B hereto. 

“Facility”: each of (a) the Revolving Facility, (b) the L/C Facility (which is a sublimit of the Revolving
Facility) and (c) the Swingline Facility (which is a sublimit of the Revolving Facility). 
 “FATCA”: Sections
1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations
thereof and any agreement entered into pursuant to Section 1471(b)(1) of the Code and any applicable intergovernmental agreements entered into by the United States with respect thereto (and any fiscal or regulatory legislation, rules or
practices adopted pursuant to any such intergovernmental agreement). 
 “Federal Funds Effective Rate”: for any day,
the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if
such rate is not so published for any day that is a Business Day, the average of the quotations for the day of such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. 

“Fee Letter”: the amended and restated letter agreement dated as of the Closing Date, between Hortonworks and the
Administrative Agent, as may be modified, supplemented or amended from time to time. 
 “Flood Laws”: the National
Flood Insurance Reform Act of 1994 and related legislation (including the regulations of the Board of Governors of the Federal Reserve System). 

“Foreclosed Borrowers”: as defined in Section 2.25. 

“Foreign Holding Company”: any Subsidiary all or substantially all the assets of which consist of Capital Stock in
Foreign Subsidiaries. 
 “Foreign Lender”: (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person,
and (b) if the Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. 

“Foreign Subsidiary”: any Subsidiary of Hortonworks that is not a Domestic Subsidiary. 

“Fronting Exposure”: at any time there is a Defaulting Lender, as applicable, (a) with respect to the Issuing
Lender, such Defaulting Lender’s L/C Percentage of the outstanding L/C Exposure other than L/C Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in
accordance with the terms hereof, and (b) with respect to the Swingline Lender, such Defaulting Lender’s Revolving Percentage of outstanding Swingline Loans made by the Swingline Lender other than Swingline Loans as to which such
Defaulting Lender’s participation obligation has been reallocated to other Lenders. 
 “Fund”: any Person
(other than a natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit in the ordinary course of its activities. 

  
 13 

 “Funding Office”: the Revolving Loan Funding Office. 

“GAAP”: generally accepted accounting principles in the United States as in effect from time to time, except that for
purposes of Section 7.1, GAAP shall be determined on the basis of such principles in effect on the date hereof and consistent with those used in the preparation of the most recent audited financial statements referred to in
Section 4.1(b). In the event that any “Accounting Change” (as defined below) shall occur and such change results in a change in the method of calculation of financial covenants, standards or terms in
this Agreement, then the Borrower and the Administrative Agent agree to enter into negotiations to amend such provisions of this Agreement so as to reflect equitably such Accounting Changes with the desired result that the criteria for evaluating
the Borrower’s financial condition shall be the same after such Accounting Changes as if such Accounting Changes had not been made. Until such time as such an amendment shall have been executed and delivered by the Borrower, the Administrative
Agent and the Required Lenders, all financial covenants, standards and terms in this Agreement shall continue to be calculated or construed as if such Accounting Changes had not occurred. “Accounting Changes” refers to
changes in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants or, if applicable, the SEC, or the
adoption of IFRS. 
 “Governmental Approval”: any consent, authorization, approval, order, license, franchise,
permit, certificate, accreditation, registration, filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority. 

“Governmental Authority”: the government of the United States of America or any other nation, or of any political
subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank), and any group or body charged with setting accounting or regulatory capital rules or standards (including the Financial Standards
Board, the Bank for International Settlements, the Basel Committee on Banking Supervision and any successor or similar authority to any of the foregoing. 

“Group Members”: the collective reference to Hortonworks and its Subsidiaries. 

“Guarantee and Collateral Agreement”: the Guarantee and Collateral Agreement dated as of the Original Closing Date, as
amended, restated, supplemented or otherwise modified from time to time, by the Loan Parties in favor of the Administrative Agent. 

“Guarantee Obligation”: as to any Person (the “guaranteeing person”), any obligation,
including a reimbursement, counterindemnity or similar obligation, of the guaranteeing person that guarantees or in effect guarantees, or which is given to induce the creation of a separate obligation by another Person (including any bank under any
letter of credit) that guarantees or in effect guarantees, any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other third Person (the “primary obligor”) in any
manner, whether directly or indirectly, including any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to
advance or supply funds (1) for the purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor,
(iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure
or hold harmless the owner of any such primary obligation against loss in respect thereof; provided that the term Guarantee Obligation shall not include endorsements of instruments for 

  
 14 

 
deposit or collection in the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the
stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such
Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing
person’s maximum reasonably anticipated liability in respect thereof as determined by the Borrower in good faith. 

“Guarantors”: a collective reference to each Subsidiary of Hortonworks which has become a Guarantor pursuant to the
requirements of Section 6.12 hereof and the Guarantee and Collateral Agreement. Notwithstanding the foregoing or any contrary provision herein or in any other Loan Document, no Excluded Subsidiary shall be a Guarantor. 

“IFRS”: international accounting standards within the meaning of IAS Regulation 1606/2002 to the extent applicable to
the relevant financial statements delivered under or referred to herein. 
 “Increase”: as defined in
Section 2.28. 
 “Increase Joinder”: an instrument, in form and substance reasonably
satisfactory to the Administrative Agent, by which a Lender becomes a party to this Agreement pursuant to Section 2.28. 

“Immaterial Subsidiary”: at any date of determination, any Subsidiary of any Loan Party designated as such by such
Loan Party in writing and which as of such date (a) holds assets representing 2.5% or less of the Borrower’s consolidated total assets as of such date (determined in accordance with GAAP), (b) which has generated less than 2.5% of the
Borrower’s consolidated total revenues determined in accordance with GAAP for the four fiscal quarter period ending on the last day of the most recent period for which financial statements have been delivered after the Closing Date pursuant to
Section 6.1(b); provided that all Subsidiaries that are individually “Immaterial Subsidiaries” shall not have aggregate consolidated total assets that would represent 5.0% or more of the
Borrower’s consolidated total assets as of such date or have generated 5.0% or more of the Borrower’s consolidated total revenues for such four fiscal quarter period, in each case determined in accordance with GAAP, and (c) which owns
no material Intellectual Property. 
 “Incurred”: as defined in the definition of “Pro Forma Basis”. 

“Indebtedness”: of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed
money, (b) all obligations of such Person for the deferred purchase price of property or services (other than (i) current trade payables and accrued liabilities incurred in the ordinary course of such Person’s business, and
(ii) reasonable deferred compensation and obligations under employee related compensation arrangements), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all indebtedness created or
arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to
repossession or sale of such property), (e) all Capital Lease Obligations and all Synthetic Lease Obligations of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party or applicant under or in respect of
acceptances, letters of credit, surety bonds or similar arrangements, (g) all obligations of such Person in respect of Disqualified Stock, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary
liquidation preference plus accrued and unpaid dividends, (h) all Guarantee Obligations of such Person in respect of obligations of the kind referred to in clauses (a) through (g) above, (i) all obligations of the kind referred
to in clauses (a) through (h) above secured by 

  
 15 

 
any Lien on property (including accounts and contract rights) owned by such Person, whether or not such Person has assumed or become liable for the payment of such obligation, and (j) the
net obligations of such Person in respect of Swap Agreements. 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 expressly provide that such Person is not liable therefor. The amount of Indebtedness of any
Person for purposes of clause (i) shall be deemed to be equal to the lesser of (A) the aggregate unpaid amount of such Indebtedness and (B) the fair market value (as determined by such Person in good faith) of the property encumbered
thereby as determined by such Person in good faith. The amount of any net obligation under any Swap Agreements on any date shall be deemed to be the Swap Termination Value thereof as of such date. 

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

“Indemnitee”: is defined in Section 10.5(b). 

“Insolvency Proceeding”: (a) any case, action or proceeding before any court or other Governmental Authority
relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the benefit of creditors, composition,
marshalling of assets for creditors, or other, similar arrangement in respect of any Person’s creditors generally or any substantial portion of such Person’s creditors, in each case undertaken under U.S. Federal, state or foreign law,
including any Debtor Relief Law. 
 “Intellectual Property”: the collective reference to all rights, priorities and
privileges relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including copyrights, copyright licenses, patents, patent licenses, trademarks, trademark licenses, technology, know-how and processes, and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 

“Intellectual Property Security Agreement”: an intellectual property security agreement entered into between a Loan
Party and the Administrative Agent pursuant to the terms of the Guarantee and Collateral Agreement in form and substance reasonably satisfactory to the Administrative Agent, together with each other intellectual property security agreement and
supplement thereto delivered pursuant to Section 6.12, in each case as amended, restated, supplemented or otherwise modified from time to time. 

“Interest Payment Date”: (a) as to any ABR Loan (including any Swingline Loan), the first Business Day of each
calendar month to occur while such Loan is outstanding and the final maturity date of such Loan, (b) as to any Eurodollar Loan having an Interest Period of three (3) months or less, the last Business Day of such Interest Period,
(c) as to any Eurodollar Loan having an Interest Period longer than three (3) months, each day that is three (3) months (or, if such date is not a Business Day, the Business Day next succeeding such date) after the first day of such
Interest Period and the last Business Day of such Interest Period, and (d) as to any Loan (other than any Revolving Loan that is an ABR Loan and any Swingline Loan), the date of any repayment or prepayment made in respect thereof. 

“Interest Period”: as to any Eurodollar Loan, (a) initially, the period commencing on the borrowing or conversion
date, as the case may be, with respect to such Eurodollar Loan and ending one (1), two (2), three (3) or six (6) months thereafter, as selected by the Borrower in its Notice of Borrowing or Notice of Conversion/Continuation, as the case
may be, given with respect thereto; and (b) thereafter, each period commencing on the last day of the next preceding Interest Period applicable to such 

  
 16 

 
Eurodollar Loan and ending one (1), two (2),three (3) or six(6) months thereafter, as selected by the Borrower by irrevocable notice to the Administrative Agent in a Notice of
Conversion/Continuation not later than 10:00 A.M. on the date that is three (3) Business Days prior to the last day of the then current Interest Period with respect thereto; provided that all of the foregoing provisions relating to
Interest Periods are subject to the following: 
 (i) if any Interest Period would otherwise end on a day that is not a Business Day, such
Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end on the immediately preceding
Business Day; 
 (ii) the Borrower may not select an Interest Period under a particular Facility that would extend beyond the Revolving
Termination Date; 
 (iii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month; and 

(iv) the Borrower shall select Interest Periods so as not to require a payment or prepayment of any Eurodollar Loan during an Interest Period
for such Loan. 
 “Interest Rate Agreement”: any interest rate swap agreement, interest rate cap agreement, interest
rate collar agreement, interest rate hedging agreement or other similar agreement or arrangement, each of which is (a) for the purpose of hedging the interest rate exposure associated with Borrower’s and its Subsidiaries’ operations,
(b) approved by Administrative Agent, and (c) not for speculative purposes. 
 “Inventory”: all
“inventory,” as such term is defined in the UCC, now owned or hereafter acquired by any Loan Party, wherever located, and in any event including inventory, merchandise, goods and other personal property that are held by or on behalf of any
Loan Party for sale or lease or are furnished or are to be furnished under a contract of service, or that constitutes raw materials, work in process, finished goods, returned goods, or materials or supplies of any kind used or consumed or to be used
or consumed in such Loan Party’s business or in the processing, production, packaging, promotion, delivery or shipping of the same, including all supplies and embedded software. 

“Investments”: as defined in Section 7.8. 

“IRS”: the Internal Revenue Service, or any successor thereto. 

“ISP”: 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). 

“Issuing Lender”: as the context may require, (a) SVB or any Affiliate thereof, in its capacity as issuer of any
Letter of Credit (including, without limitation, each Existing Letter of Credit), and (b) any other Lender that may become an Issuing Lender pursuant to Section 3.11 or 3.12, with respect to Letters of Credit
issued by such Lender. The Issuing Lender may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the Issuing Lender or other financial institutions, in which case the term “Issuing Lender” shall
include any such Affiliate or other financial institution with respect to Letters of Credit issued by such Affiliate or other financial institution. 

“Issuing Lender Fees”: as defined in Section 3.3(a). 

  
 17 

 “Judgment Currency”: as defined in
Section 10.19. 
 “L/C Advance”: each L/C Lender’s funding of its participation in
any L/C Disbursement in accordance with its L/C Percentage of the L/C Commitment. 
 “L/C Commitment”: as to any L/C
Lender, the obligation of such L/C Lender, if any, to purchase an undivided interest in the Issuing Lenders’ obligations and rights under and in respect of each Letter of Credit (including to make payments with respect to draws made under any
Letter of Credit pursuant to Section 3.5(b)) in an aggregate principal amount not to exceed the amount set forth under the heading “L/C Commitment” opposite such L/C Lender’s name on Schedule 1.1A or
in the Assignment and Assumption or Increase Joinder pursuant to which such L/C Lender becomes a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The L/C Commitment is a sublimit of the Revolving Commitment
and the aggregate amount of the L/C Commitments shall not exceed the amount of the Total L/C Commitments at any time. 
 “L/C
Disbursements”: a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit. 
 “L/C
Exposure”: at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time, and (b) the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into
Revolving Loans at such time. The L/C Exposure of any L/C Lender at any time shall equal its L/C Percentage of the aggregate L/C Exposure at such time. 

“L/C Facility”: the L/C Commitments and the extensions of credit made thereunder. 

“L/C Fee Payment Date”: as defined in Section 3.3(a). 

“L/C Lender”: a Lender with an L/C Commitment. 

“L/C Percentage”: as to any L/C Lender at any time, the percentage of the Total L/C Commitments represented by such
L/C Lender’s L/C Commitment, as such percentage may be adjusted as provided in Section 2.23. 
 “L/C-Related Documents”: collectively, each Letter of Credit (including any Existing Letter of Credit), all applications for any Letter of Credit (and applications for the amendment of any Letter of
Credit) submitted by the Borrower to the Issuing Lender and any other document, agreement and instrument relating to any Letter of Credit, including any of the Issuing Lender’s standard form documents for letter of credit issuances. 

“Lenders”: as defined in the preamble hereto; provided that unless the context otherwise requires, each
reference herein to the Lenders shall be deemed to include the Issuing Lender and the Swingline Lender. 
 “Letter of
Credit”: as defined in Section 3.1(a); provided that such term shall include each Existing Letter of Credit. 

“Letter of Credit Availability Period”: the period from and including the Closing Date to but excluding the Letter of
Credit Maturity Date. 
 “Letter of Credit Fees”: as defined in Section 3.3(a). 

  
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 “Letter of Credit Fronting Fees”: as defined in
Section 3.3(a). 
 “Letter of Credit Maturity Date”: the date occurring 15 days prior to
the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day). 

“LIBOR”: as defined in the definition of “Eurodollar Base Rate.” 

“Lien”: any mortgage, deed of trust, pledge, hypothecation, collateral assignment, deposit arrangement, encumbrance,
lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and
any capital lease having substantially the same economic effect as any of the foregoing). 
 “Loan”: any loan made
or maintained by any Lender pursuant to this Agreement. 
 “Loan Documents”: this Agreement, each Security Document,
the Reaffirmation Agreement, each Note, the Fee Letter, each Assignment and Assumption, each Compliance Certificate, each Notice of Borrowing, each Notice of Conversion/Continuation, each Cash Management Services Agreement, the Solvency Certificate,
the Collateral Information Certificate and each L/C Related Document, and any amendment, waiver, supplement or other modification to any of the foregoing. 

“Loan Parties”: each Group Member that is a party to a Loan Document, as a Borrower or a Guarantor. 

“Material Adverse Effect”: (a) a material adverse change in, or a material adverse effect on, the operations,
business, assets, properties, liabilities (actual or contingent), or financial condition of the Borrower and its Subsidiaries, taken as a whole; (b) a material impairment of the rights and remedies of the Administrative Agent or any Lender
under any Loan Document, or of the ability of the Borrower or any Loan Party to perform its respective obligations under any Loan Document to which it is a party; or (c) a material adverse effect upon the legality, validity, binding effect or
enforceability against the Borrower or any Loan Party of any Loan Document to which it is a party. 
 “Materials of Environmental
Concern”: any substance, material or waste that is defined, regulated, governed or otherwise characterized under any Environmental Law as hazardous or toxic or as a pollutant or contaminant (or by words of similar meaning and regulatory
effect), any petroleum or petroleum products, asbestos, polychlorinated biphenyls, urea-formaldehyde insulation, molds or fungus, and radioactivity, radiofrequency radiation at levels known to be hazardous to human health and safety. 

“Measurement Period”: each trailing three-month period. 

“Minority Lender”: as defined in Section 10.1(b). 

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

“Mortgaged Properties”: the real properties as to which, pursuant to Section 6.12(b) or
otherwise, the Administrative Agent, for the benefit of the Secured Parties, shall be granted a Lien pursuant to the Mortgages. 

“Mortgages”: each of the mortgages, deeds of trust, deeds to secure debt or such equivalent documents hereafter
entered into and executed and delivered by one or more of the Loan Parties to the Administrative Agent, in each case, as such documents may be amended, amended and restated, supplemented or otherwise modified, renewed or replaced from time to time
and in form and substance reasonably acceptable to the Administrative Agent. 

  
 19 

 “Multiemployer Plan”: a “multiemployer plan” (within the
meaning of Section 3(37) of ERISA) to which any Loan Party or any ERISA Affiliate thereof makes, is making, or is obligated or has ever been obligated to make, contributions. 

“Non-Consenting Lender”: any Lender that does not approve any consent, waiver
or amendment that (a) requires the approval of all Affected Lenders in accordance with the terms of Section 10.1 and (b) has been approved by the Required Lenders. 

“Non-Defaulting Lender”: at any time, each Lender that is not a Defaulting
Lender at such time. 
 “Non-GAAP Operating Profit (Loss)”: with respect to
Hortonworks and its consolidated Subsidiaries for any period, (a) the sum, without duplication, of the amounts for such period of (i) Consolidated Net Income, plus (ii) Consolidated Interest Expense, plus (iii) provisions for
taxes based on income, plus (iv) non-cash stock-based compensation expense, plus (v) one-time acquisition or
non-ordinary course legal expenses during any trailing twelve month period in an aggregate amount not to exceed $1,000,000, plus (x) other one-time expenses
approved by the Administrative Agent on a case-by-case basis in its sole discretion, minus (b) interest income. 

“Note”: a Revolving Loan Note or a Swingline Loan Note. 

“Notice of Borrowing”: a notice substantially in the form of Exhibit K. 

“Notice of Conversion/Continuation”: a notice substantially in the form of Exhibit L. 

“Obligations”: (a) the unpaid principal of and interest on (including interest accruing after the maturity of the
Loans and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to any Loan Party, whether or not a claim for post-filing or post-petition interest is
allowed or allowable in such proceeding) the Loans and all other obligations and liabilities of the Loan Parties to the Administrative Agent, the Issuing Lender, any other Lender, any applicable Cash Management Bank, and any Qualified Counterparty
party to a Specified Swap Agreement, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any other Loan Document
(including, for the avoidance of doubt, any Cash Management Agreement), the Letters of Credit, any Specified Swap Agreement or any other document made, delivered or given in connection herewith or therewith, whether on account of principal,
interest, reimbursement obligations, payment obligations, fees, indemnities, costs, expenses (including all reasonable and documented out-of-pocket fees, charges and
disbursements of counsel to the Administrative Agent, the Issuing Lender, any other Lender, any applicable Cash Management Bank, to the extent that any applicable Cash Management Agreement requires the reimbursement by any applicable Group Member of
any such expenses), and any Qualified Counterparty party to a Specified Swap Agreement that are required to be paid by any Loan Party pursuant any Loan Document, Cash Management Agreement or otherwise, and (b) any obligations of any other Group
Member arising in connection with any Cash Managements Agreement. For the avoidance of doubt, the Obligations shall not include (i) any obligations arising under any warrants or other equity instruments issued by any Loan Party to any Lender,
or (ii) solely with respect to any Guarantor that is not a Qualified ECP Guarantor, any Excluded Swap Obligations of such Guarantor. 

  
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 “OFAC”: the Office of Foreign Assets Control of the United States
Department of the Treasury and any successor thereto. 
 “Operating Documents”: for any Person as of any date, such
Person’s constitutional documents, formation documents and/or certificate of incorporation (or equivalent thereof), as certified (if applicable) by such Person’s jurisdiction of formation as of a recent date, and, (a) if such Person
is a corporation, its bylaws or memorandum and articles of association (or equivalent thereof) in current form, (b) if such Person is a limited liability company, its limited liability company agreement (or similar agreement), and (c) if
such Person is a partnership, its partnership agreement (or similar agreement), each of the foregoing with all current amendments or modifications thereto. 

“Original Closing Date”: November 2, 2016. 

“Original Loan Documents”: as defined in Section 10.21. 

“Other Connection Taxes”: with respect to any Recipient, Taxes imposed as a result of a present or former connection
between such Recipient and the jurisdiction imposing such Tax (other than connections arising 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 transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Taxes”: all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that
are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.23). 

“Participant”: as defined in Section 10.6(d). 

“Participant Register”: as defined in Section 10.6(d). 

“Patriot Act”: the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism (USA PATRIOT ACT) Act of 2001, Title III of Pub. L. 107-56, signed into law October 26, 2001. 

“PBGC”: the Pension Benefit Guaranty Corporation, or any successor thereto. 

“Pension Plan”: an employee benefit plan (as defined in Section 3(3) of ERISA) other than a Multiemployer Plan
(a) that is or was at any time maintained or sponsored by any Loan Party or any ERISA Affiliate thereof or to which any Loan Party or any ERISA Affiliate thereof has ever made, or was obligated to make, contributions, and (b) that is or
was subject to Section 412 of the Code, Section 302 of ERISA or Title IV of ERISA. 
 “Permitted
Acquisition”: as defined in Section 7.8(n). 
 “Person”: any natural Person,
corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

“Plan”: (a) an employee benefit plan (as defined in Section 3(3) of ERISA) other than a Multiemployer Plan
which is or was at any time maintained or sponsored by any Credit Party or any Subsidiary thereof or to which any Credit Party or any Subsidiary thereof has ever made, or was obligated to make, contributions, (b) a Pension Plan, or (c) a
Qualified Plan. 

  
 21 

 “Platform”: is any of Debt Domain, Intralinks, Syndtrak or a
substantially similar electronic transmission system. 
 “Preferred Stock”: the preferred Capital Stock of the
Borrower. 
 “Prime Rate”: the rate of interest per annum from time to time published in the money rates section of
the Wall Street Journal or any successor publication thereto as the “prime rate” then in effect; provided that if such rate of interest, as set forth from time to time in the money rates section of the Wall Street Journal, becomes
unavailable for any reason as determined by the Administrative Agent, the “Prime Rate” shall mean the rate of interest per annum announced by the Administrative Agent as its prime rate in effect at its principal office (such announced
Prime Rate not being intended to be the lowest rate of interest charged by the Administrative Agent in connection with extensions of credit to debtors). 

“Pro Forma Basis”: with respect to any calculation or determination for any period, in making such calculation or
determination on the specified date of determination (the “Determination Date”): 
 (a) pro forma effect will be
given to any Indebtedness incurred by Hortonworks or any of its Subsidiaries (including by assumption of then outstanding Indebtedness or by a Person becoming a Subsidiary (“Incurred”) after the beginning of the applicable
period and on or before the Determination Date to the extent the Indebtedness is outstanding or is to be Incurred on the Determination Date, as if such Indebtedness had been Incurred on the first day of such period; 

(b) pro forma calculations of interest on Indebtedness bearing a floating interest rate will be made as if the rate in effect on the
Determination Date (taking into account any Swap Agreement applicable to the Indebtedness) had been the applicable rate for the entire reference period; 

(c) pro forma effect will be given to: (A) the acquisition or disposition of companies, divisions or lines of businesses by Hortonworks
and its Subsidiaries, including any acquisition or disposition of a company, division or line of business since the beginning of the reference period by a Person that became a Subsidiary after the beginning of the applicable period; and (B) the
discontinuation of any discontinued operations; in each case of clauses (A) and (B), that have occurred since the beginning of the applicable period and before the Determination Date as if such events had occurred, and, in the case of any
disposition, the proceeds thereof applied, on the first day of such period. To the extent that pro forma effect is to be given to an acquisition or disposition of a company, division or line of business, the pro forma calculation will be calculated
in good faith by a responsible financial or accounting officer of Hortonworks in accordance with Regulation S-X under the Securities Act based upon the most recent four full fiscal quarters for which the
relevant financial information is available. 
 “Pro Forma Financial Statements”: income statements prepared by
Hortonworks and its consolidated Subsidiaries that give effect (as if such events had occurred on such date) to (i) the Loans to be made on the Closing Date (if any) and the use of proceeds thereof and (ii) the payment of fees and expenses
in connection with the foregoing, in each case prepared for the most recently ended fiscal quarter for which financial statements have been publicly issued by Hortonworks as if such transactions had occurred on such date. 

“Projections”: as defined in Section 6.2(c). 

“Properties”: as defined in Section 4.17(a). 

  
 22 

 “Protective Advance”: as defined in
Section 2.8. 
 “Qualified Counterparty”: with respect to any Specified Swap Agreement,
any counterparty thereto that is a Lender or an Affiliate of a Lender or, at the time such Specified Swap Agreement was entered into or as of the Closing Date, was the Administrative Agent or a Lender or an Affiliate of the Administrative Agent or a
Lender. 
 “Qualified ECP Guarantor”: in respect of any Swap Obligation, (a) each Guarantor that has total
assets exceeding $10,000,000 at the time the relevant Guarantee Obligation of such Guarantor provided in respect of, or the Lien granted by such Guarantor to secure, such Swap Obligation (or guaranty thereof) becomes effective with respect to such
Swap Obligation, and (b) any other Guarantor that (i) constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder, or (ii) can cause another Person (including,
for the avoidance of doubt, any other Guarantor not then constituting a “Qualified ECP Guarantor”) to qualify as an “eligible contract participant” at such time by entering into a “keepwell, support, or other agreement”
as contemplated by Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Qualified Plan”: an employee
benefit plan (as defined in Section 3(3) of ERISA) other than a Multiemployer Plan (a) that is or was at any time maintained or sponsored by any Loan Party or any ERISA Affiliate thereof or to which any Loan Party or any ERISA Affiliate
thereof has ever made, or was ever obligated to make, contributions, and (b) that is intended to be tax-qualified under Section 401(a) of the Code. 

“Reaffirmation Agreement”: the Reaffirmation Agreement, dated as of the Closing Date by and among the Loan Parties and
the Administrative Agent. 
 “Quick Assets”: at any date, (i) unrestricted cash or Cash Equivalents of the
Group Members held at such time in Deposit Accounts or Securities Accounts maintained with the Administrative Agent (and its Affiliates) or subject to a Control Agreement in favor of the Administrative Agent, plus (ii) net billed accounts
receivable of the Group Members. 
 “Recipient”: the (a) Administrative Agent or (b) any Lender, or
(c) the Issuing Lender, as applicable. 
 “Refunded Swingline Loans”: as defined in
Section 2.7(b). 
 “Register”: is defined in Section 10.6(c).

 “Regulation T”: Regulation T of the Board as in effect from time to time. 

“Regulation U”: Regulation U of the Board as in effect from time to time. 

“Regulation X”: Regulation X of the Board as in effect from time to time. 

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

“Replacement Lender”: as defined in Section 2.23. 

  
 23 

 “Required Lenders”: at any time, (a) if only one Lender holds the
outstanding Revolving Commitments, such Lender; and (b) if more than one Lender holds the outstanding Revolving Commitments, then at least two Lenders who hold more than 50% of the sum of the Total Revolving Commitments (including, without
duplication, the L/C Commitments) then in effect or, if the Revolving Commitments have been terminated, the Total Revolving Extensions of Credit then outstanding; provided that for the purposes of this clause (b), the outstanding principal
amount of the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required
Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender. 
 “Requirement of
Law”: as to any Person, the Operating Documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority (including, for the avoidance of doubt, the Basel
Committee on Banking Supervision and any successor thereto or similar authority or successor thereto), 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. 

“Responsible Officer”: the chief executive officer, president, vice president, chief financial officer, treasurer,
controller or comptroller of the Borrower, but in any event, with respect to financial matters, the chief financial officer, treasurer, controller or comptroller of the Borrower. 

“Restricted Payments”: as defined in Section 7.6. 

“Revolving Commitment”: as to any Lender, the obligation of such Lender, if any, to make Revolving Loans and
participate in Swingline Loans and Letters of Credit in an aggregate principal amount not to exceed the amount set forth under the heading “Revolving Commitment” opposite such Lender’s name on Schedule 1.1A
or in the Assignment and Assumption or Increase Joinder pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof (including in connection with assignments and Increases permitted
hereunder). The amount of the Total Revolving Commitments as of the Closing Date is $50,000,000. 
 “Revolving Commitment
Period”: the period from and including the Closing Date to the Revolving Termination Date. 
 “Revolving Extensions
of Credit”: as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, plus (b) such Lender’s L/C
Percentage of the aggregate undrawn amount of all outstanding Letters of Credit (including the Existing Letters of Credit) at such time, plus (c) such Lender’s L/C Percentage of the aggregate amount of all L/C Disbursements that
have not yet been reimbursed or converted into Revolving Loans at such time, plus (d) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding. 

“Revolving Facility”: the Revolving Commitments and the extensions of credit made thereunder. 

“Revolving Lender”: each Lender that has a Revolving Commitment or that holds Revolving Loans. 

“Revolving Loan Conversion”: as defined in Section 3.5(b). 

“Revolving Loan Funding Office”: the office of the Administrative Agent specified in
Section 10.2 or such other office as may be specified from time to time by the Administrative Agent as its funding office by written notice to the Borrower and the Lenders. 

  
 24 

 “Revolving Loan Note”: a promissory note in the form of
Exhibit H-1, as it may be amended, supplemented or otherwise modified from time to time. 

“Revolving Loans”: as defined in Section 2.4(a). 

“Revolving Percentage”: as to any Revolving Lender at any time, the percentage which such Lender’s Revolving
Commitment then constitutes of the Total Revolving Commitments or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then
outstanding constitutes of the aggregate principal amount of all Revolving Loans then outstanding; provided that in the event that the Revolving Loans are paid in full prior to the reduction to zero of the Total Revolving Commitments, the
Revolving Percentages shall be determined in a manner designed to ensure that the other outstanding Revolving Extensions of Credit shall be held by the Revolving Lenders on a comparable basis. 

“Revolving Termination Date”: November 1, 2017 (i.e. third anniversary of the Closing Date). 

“S&P”: Standard & Poor’s Ratings Services. 

“Sale Leaseback Transaction”: any arrangement with any Person or Persons, whereby in contemporaneous or substantially
contemporaneous transactions a Loan Party sells substantially all of its right, title and interest in any property and, in connection therewith, acquires, leases or licenses back the right to use all or a material portion of such property. 

“Sanction(s)”: any international economic sanction administered or enforced by the United States Government (including
OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 

“SEC”: the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority. 

“Secured Parties”: the collective reference to the Administrative Agent, the Lenders (including any Issuing Lender in
its capacity as Issuing Lender and any Swingline Lender in its capacity as Swingline Lender), any Cash Management Bank (in its or their respective capacities as providers of Cash Management Services), and any Qualified Counterparties. 

“Securities Account”: any “securities account” as defined in the UCC with such additions to such term as may
hereafter be made. 
 “Securities Account Control Agreement”: any Control Agreement entered into by the
Administrative Agent, a Loan Party and a securities intermediary holding a Securities Account of such Loan Party pursuant to which the Administrative Agent is granted “control” (for purposes of the UCC) over such Securities Account. 

“Securities Act”: the Securities Act of 1933, as amended from time to time and any successor statute. 

“Security Documents”: the collective reference to (a) the Guarantee and Collateral Agreement, (b) the
Mortgages, if any (c) each Intellectual Property Security Agreement, (d) each Deposit Account Control Agreement, (e) each Securities Account Control Agreement, (f) all other security documents

  
 25 

 
hereafter delivered to the Administrative Agent granting a Lien on any property of any Person to secure the Obligations of any Loan Party arising under any Loan Document, (g) each Pledge
Supplement, (h) each Assumption Agreement, (i) all other security documents hereafter delivered to any applicable Cash Management Bank granting a Lien on any property of any Person to secure the Obligations of any Group Member arising
under any Cash Management Agreement, and (j) all financing statements, fixture filings, Patent, Trademark and Copyright filings, assignments, acknowledgments and other filings, documents and agreements made or delivered pursuant to any of the
foregoing. 
 “Solvency Certificate”: the Solvency Certificate, dated the Closing Date, delivered to the
Administrative Agent pursuant to Section 5.1(s), which Solvency Certificate shall be in substantially the form of Exhibit D. 

“Solvent”: when used with respect to any Person, as of any date of determination, (a) the amount of the
“fair value” of the assets of such Person will, as of such date, exceed the amount of all “liabilities of such Person, contingent or otherwise,” as of such date, as such quoted terms are determined in accordance with applicable
federal and state laws governing determinations of the insolvency of debtors, (b) the “present fair saleable value” of the assets of such Person will, as of such date, be greater than the amount that will be required to pay the
liability of such Person on its debts as such debts become absolute and matured, as such quoted terms are determined in accordance with applicable federal and state laws governing determinations of the insolvency of debtors, (c) such Person
will not have, as of such date, an unreasonably small amount of capital with which to conduct its business, and (d) such Person will be able to pay its debts as they mature. For purposes of this definition, (i) “debt” means liability
on a “claim,” and (ii) “claim” means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable,
secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured or
unmatured, disputed, undisputed, secured or unsecured. The amount of contingent liabilities (such as litigation, guarantees and pension plan liabilities) at any time shall be computed as the amount which, in light of all the facts and circumstances
existing at the time, represents the amount which can be reasonably be expected to become an actual or matured liability. 

“Specified Swap Agreement”: any Swap Agreement entered into by the Borrower and any Qualified Counterparty (or any
Person who was a Qualified Counterparty as of the Closing Date or as of the date such Swap Agreement was entered into) in respect of interest rates or currencies to the extent permitted under Section 7.13. 

“Subordinated Debt Document”: any agreement, certificate, document or instrument executed or delivered by Hortonworks
or any Subsidiary and evidencing Indebtedness of the Borrower or any Subsidiary which is subordinated to the payment of the Obligations in a manner approved in writing by the Administrative Agent and the Required Lenders, and any renewals,
modifications, or amendments thereof which are approved in writing by the Administrative Agent and the Required Lenders. 

“Subordinated Indebtedness”: Indebtedness of a Loan Party subordinated to the Obligations pursuant to subordination
terms (including payment, lien and remedies subordination terms, as applicable) reasonably acceptable to the Administrative Agent. 

“Subsidiary”: as to any Person, a corporation, partnership, limited liability company or other entity of which shares
of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other
managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, 

  
 26 

 
directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary” or to
“Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Borrower. 
 “Surety
Indebtedness”: as of any date of determination, indebtedness (contingent or otherwise) owing to sureties arising from surety bonds issued on behalf of any Loan Party or its respective Subsidiaries as support for, among other things,
their contracts with customers, whether such indebtedness is owing directly or indirectly by such Loan Party or any such Subsidiary. 

“SVB”: as defined in the preamble hereto. 

“Swap Agreement”: any agreement with respect to any swap, hedge, forward, future or derivative transaction or option
or similar agreement (including without limitation, any Interest Rate 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 and its Subsidiaries shall be deemed to be a “Swap Agreement.” 

“Swap Obligation”: with respect to any Guarantor, any obligation of such Guarantor to pay or perform under any
agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 

“Swap Termination Value”: in respect of any one or more Swap Agreements, after taking into account the effect of any
legally enforceable netting agreement relating to such Swap Agreements, (a) for any date on or after the date any such Swap Agreement has been closed out and termination value determined in accordance therewith, such termination value, and
(b) for any date prior to the date referenced in clause (a), the amount determined as the mark-to-market value for such Swap Agreement, as determined based
upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Agreements (which may include a Qualified Counterparty). 

“Swingline Commitment”: the obligation of the Swingline Lender to make Swingline Loans pursuant to
Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000. 

“Swingline Facility” the Swingline Commitment and the Swingline Loans made thereunder. 

“Swingline Lender”: SVB, in its capacity as the lender of Swingline Loans or such other Lender as the Borrower may
from time to time select as the Swingline Lender hereunder pursuant to Section 2.7(f); provided that such Lender has agreed to be a Swingline Lender. 

“Swingline Loan Note”: a promissory note in the form of Exhibit H-2, as
it may be amended, supplemented or otherwise modified from time to time. 
 “Swingline Loans”: as defined in
Section 2.6. 
 “Swingline Participation Amount”: as defined in
Section 2.7(c). 
 Synthetic Lease Obligation”: the monetary obligation of a Person under
(a) a so-called synthetic, off-balance sheet or tax retention lease or (b) an agreement for the use of property creating

  
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obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without
regard to accounting treatment). 
 “Taxes”: all present or future taxes, levies, imposts, duties, deductions,
withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Total Credit Exposure”: is, as to any Lender at any time, the unused Commitments and Revolving Extensions of Credit
at such time. 
 “Total L/C Commitments”: at any time, the sum of all L/C Commitments at such time, as the same may
be reduced from time to time pursuant to Section 2.10 or 3.5(b). The initial amount of the Total L/C Commitments on the Closing Date is $10,000,000. 

“Total Liabilities”: on any date of determination, obligations that should, under GAAP, be classified as liabilities
on Hortonworks and its Subsidiaries’ consolidated balance sheet, including all Indebtedness. 
 “Total Revolving
Commitments”: at any time, the aggregate amount of the Revolving Commitments then in effect. 
 “Total Revolving
Extensions of Credit”: at any time, the aggregate amount of the Revolving Extensions of Credit outstanding at such time. 

“Trade Date”: is defined in Section 10.6(b)(i)(B). 

“Type”: as to any Loan, its nature as an ABR Loan or a Eurodollar Loan. 

“Unfriendly Acquisition”: any acquisition that has not, at the time of the first public announcement of an offer
relating thereto, been approved by the board of directors (or other legally recognized governing body) of the Person to be acquired; except that with respect to any acquisition of a non-U.S. Person, an
otherwise friendly acquisition shall not be deemed to be unfriendly if it is not customary in such jurisdiction to obtain such approval prior to the first public announcement of an offer relating to a friendly acquisition. 

“Uniform Commercial Code” or “UCC”: the Uniform Commercial Code (or any similar or equivalent
legislation) as in effect from time to time in the State of New York, or as the context may require, any other applicable jurisdiction. 

“United States” and “U.S.”: the United States of America. 

“U.S. Person”: any Person that is a “United States Person” as defined in Section 7701(a)(30) of the
Code. 
 “U.S. Tax Compliance Certificate”: as defined in Section 2.20(f). 

“Withholding Agent”: as applicable, any of any applicable Loan Party and the Administrative Agent, as the context may
require. 

  
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 “Write-Down and Conversion Powers”: with respect to any EEA Resolution
Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers
are described in the EU Bail-In Legislation Schedule. 
 1.2 Other Definitional Provisions.

 (a) Unless otherwise specified therein, all terms defined in this Agreement shall have the defined meanings when used in the other
Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto. 
 (b) As used herein and in the other
Loan Documents, and any certificate or other document made or delivered pursuant hereto or thereto, (i) accounting terms relating to any Group Member not defined in Section 1.1 and accounting terms partly defined in
Section 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP, (ii) the words “include,” “includes” and “including” shall be deemed to be followed by
the phrase “without limitation,” (iii) the word “incur” shall be construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and the words “incurred” and “incurrence”
shall have correlative meanings), (iv) 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,
Capital Stock, securities, revenues, accounts, leasehold interests and contract rights, (v) references to a given time of day shall, unless otherwise specified, be deemed to refer to Pacific time, and (vi) references to agreements
(including this Agreement) or other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated, amended and restated or otherwise modified from time
to time. 
 (c) The words “hereof,” “herein” and “hereunder” and
words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified.
The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i) any reference herein to any Person shall be construed to include such Person’s
successors and assigns, (ii) 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, (iii) any reference to any law or
regulation herein shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time. 

(d) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. Whenever the
context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. 
 1.3 Rounding. Any financial
ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is
expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 

SECTION 2 
 AMOUNT AND
TERMS OF COMMITMENTS 
 2.1 [Reserved]. 

2.2 [Reserved]. 

  
 29 

 2.3 [Reserved]. 

2.4 Revolving Commitments. 

(a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a
“Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which,
when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn amount of all outstanding Letters of Credit, and the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving
Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect
at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The
Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. 

(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. 

2.5 Procedure for Revolving Loan Borrowing. The Borrower may borrow under the Revolving Commitments during the Revolving Commitment
Period on any Business Day; provided that the Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing (which must be received by the Administrative Agent prior to 10:00 A.M. (a) three (3) Business Days prior to
the requested Borrowing Date, in the case of Eurodollar Loans, or (b) one (1) Business Day prior to the requested Borrowing Date, in the case of ABR Loans (in each case, with originals to follow within three (3) Business Days))
(provided that any such Notice of Borrowing of ABR Loans under the Revolving Facility to finance payments under Section 3.5(a) may be given not later than 10:00 A.M. on the date of the proposed borrowing), in
each such case specifying (i) the amount and Type of Revolving Loans to be borrowed, (ii) the requested Borrowing Date, (iii) in the case of Eurodollar Loans, the respective amounts of each such Type of Loan and the respective lengths
of the initial Interest Period therefor, and (iv) instructions for remittance of the proceeds of the applicable Loans to be borrowed. Each borrowing under the Revolving Commitments shall be in an amount equal to in the case of ABR Loans,
$1,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving Commitments are less than $1,000,000, such lesser amount); provided that the Swingline Lender may request, on behalf of the Borrower,
borrowings under the Revolving Commitments that are ABR Loans in other amounts pursuant to Section 2.7. Upon receipt of any such Notice of Borrowing from the Borrower, the Administrative Agent shall promptly notify each
Revolving Lender thereof. Each Revolving Lender will make the amount of its pro rata share of each such borrowing available to the Administrative Agent for the account of the Borrower at the Revolving Loan Funding Office prior to 12:00 P.M.
on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the Borrower by the Administrative Agent crediting such account as is designated in writing to
the Administrative Agent by the Borrower with the aggregate of the amounts made available to the Administrative Agent by the Revolving Lenders and in like funds as received by the Administrative Agent. 

2.6 Swingline Commitment. Subject to the terms and conditions hereof, the Swingline Lender agrees to make available a portion of the
credit accommodations otherwise available to the Borrower under the Revolving Commitments from time to time during the Revolving Commitment Period by making swing line loans (each a “Swingline Loan” and, collectively, the
“Swingline Loans”) 

  
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to the Borrower; provided that (a) the aggregate principal amount of Swingline Loans outstanding at any time shall not exceed the Swingline Commitment then in effect, (b) the
Borrower shall not request, and the Swingline Lender shall not make, any Swingline Loan if, after giving effect to the making of such Swingline Loan, the aggregate amount of the Available Revolving Commitments would be less than zero, and
(c) the Borrower shall not use the proceeds of any Swingline Loan to refinance any then outstanding Swingline Loan. During the Revolving Commitment Period, the Borrower may use the Swingline Commitment by borrowing, repaying and reborrowing,
all in accordance with the terms and conditions hereof. Swingline Loans shall be ABR Loans only. The Borrower shall repay to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the Revolving Termination Date. 

2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans. 

(a) Whenever the Borrower desires that the Swingline Lender make Swingline Loans the Borrower shall give the Swingline Lender irrevocable
telephonic notice (which telephonic notice must be received by the Swingline Lender not later than 12:00 P.M. on the proposed Borrowing Date) confirmed promptly in writing by a Notice of Borrowing, specifying (i) the amount to be borrowed,
(ii) the requested Borrowing Date (which shall be a Business Day during the Revolving Commitment Period), and (iii) instructions for the remittance of the proceeds of such Loan. Each borrowing under the Swingline Commitment shall be in an
amount equal to $100,000 or a whole multiple of $100,000 in excess thereof. Promptly thereafter, on the Borrowing Date specified in a notice in respect of Swingline Loans, the Swingline Lender shall make available to the Borrower an amount in
immediately available funds equal to the amount of the Swingline Loan to be made by depositing such amount in the account designated in writing to the Administrative Agent by the Borrower. Unless a Swingline Loan is sooner refinanced by the advance
of a Revolving Loan pursuant to Section 2.7(b), such Swingline Loan shall be repaid by the Borrower no later than five (5) Business Days after the advance of such Swingline Loan. 

(b) The Swingline Lender, at any time and from time to time in its sole and absolute discretion may, on behalf of the Borrower (which hereby
irrevocably directs the Swingline Lender to act on its behalf), on one Business Day’s telephonic notice given by the Swingline Lender no later than 12:00 P.M. and promptly confirmed in writing, request each Revolving Lender to make, and each
Revolving Lender hereby agrees to make, a Revolving Loan, in an amount equal to such Revolving Lender’s Revolving Percentage of the aggregate amount of such Swingline Loan (each a “Refunded Swingline Loan”) outstanding
on the date of such notice, to repay the Swingline Lender. Each Revolving Lender shall make the amount of such Revolving Loan available to the Administrative Agent at the Revolving Loan Funding Office in immediately available funds, not later than
10:00 A.M. one Business Day after the date of such notice. The proceeds of such Revolving Loan shall be immediately made available by the Administrative Agent to the Swingline Lender for application by the Swingline Lender to the repayment of the
Refunded Swingline Loan. The Borrower irrevocably authorizes the Swingline Lender to charge the Borrower’s accounts with the Administrative Agent (up to the amount available in each such account) to immediately pay the amount of any Refunded
Swingline Loan to the extent amounts received from the Revolving Lenders are not sufficient to repay in full such Refunded Swingline Loan. 

(c) If prior to the time that the Borrower has repaid the Swingline Loans pursuant to Section 2.7(a) or a Revolving
Loan has been made pursuant to Section 2.7(b), one of the events described in Section 8.1(f) shall have occurred or if for any other reason, as determined by the Swingline Lender in its sole
discretion, Revolving Loans may not be made as contemplated by Section 2.7(b), each Revolving Lender shall, on the date such Revolving Loan was to have been made pursuant to the notice referred to in
Section 2.7(b) or on the date requested by the Swingline Lender (with at least one (1) Business Days’ notice to the Revolving Lenders), purchase for cash an undivided participating interest in the then outstanding
Swingline Loans by paying to the Swingline Lender an amount (the “Swingline Participation Amount”) equal to (i) such Revolving Lender’s Revolving Percentage times (ii) the sum of the aggregate principal
amount of the outstanding Swingline Loans that were to have been repaid with such Revolving Loans. 

  
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 (d) Whenever, at any time after the Swingline Lender has received from any Revolving Lender such
Lender’s Swingline Participation Amount, the Swingline Lender receives any payment on account of the Swingline Loans, the Swingline Lender will distribute to such Lender its Swingline Participation Amount (appropriately adjusted, in the case of
interest payments, to reflect the period of time during which such Lender’s participating interest was outstanding and funded and, in the case of principal and interest payments, to reflect such Lender’s pro rata portion of such payment if
such payment is not sufficient to pay the principal of and interest on all Swingline Loans then due); provided that in the event that such payment received by the Swingline Lender is required to be returned, such Revolving Lender will return
to the Swingline Lender any portion thereof previously distributed to it by the Swingline Lender. 
 (e) Each Revolving Lender’s
obligation to make the Loans referred to in Section 2.7(b) and to purchase participating interests pursuant to Section 2.7(c) shall be absolute and unconditional and shall not be affected by any
circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right that such Revolving Lender or the Borrower may have against the Swingline Lender, the Borrower or any other Person for any reason whatsoever, (ii) the
occurrence of a Default or an Event of Default or the failure to satisfy any of the other conditions specified in Section 5, (iii) any adverse change in the condition (financial or otherwise) of the Borrower, (iv) any
breach of this Agreement or any other Loan Document by the Borrower, any other Loan Party or any other Revolving Lender, or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 

(f) The Swingline Lender may resign at any time by giving 30 days’ prior notice to the Administrative Agent, the Lenders and the
Borrower. After the resignation of the Swingline Lender hereunder, the retiring Swingline Lender shall remain a party hereto and shall continue to have all the rights and obligations of the Swingline Lender under this Agreement and the other Loan
Documents with respect to Swingline Loans made by it prior to such resignation, but shall not be required to make any additional Swingline Loans. 

2.8 Protective Advances. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent, in its sole
discretion, may make Revolving Loans to the Borrower on behalf of the Lenders, if the Administrative Agent, in its reasonable credit judgment, deems that such Revolving Loans are necessary or desirable (i) to protect all or any portion of the
Collateral, (ii) to enhance the likelihood or maximize the amount of repayment of the Loans and the other Obligations or (iii) to pay any other amount chargeable to the Borrower pursuant to this Agreement (such Revolving Loans,
“Protective Advances”); provided that (A) in no event shall the Total Revolving Extensions of Credit exceed the amount of the Total Commitments then in effect and (B) unless otherwise agreed by the Required
Lenders, the Borrower shall repay each Protective Advance on the date which the earlier of (y) the 30th day after the date of incurrence of such Protective Advance and (z) the date the
Required Lenders provide written notice to the Administrative Agent and the Borrower requiring the Borrower to repay such Protective Advance. Each applicable Lender shall be obligated to advance to the Borrower its Revolving Percentage of each
Protective Advance made in accordance with this Section 2.8. If Protective Advances are made in accordance with the preceding sentence, then all Revolving Lenders shall be bound to make, or permit to remain outstanding,
such Protective Advances based upon their Revolving Percentages in accordance with the terms of this Agreement. All Protective Advances shall be secured by the Collateral and shall bear interest as provided in this Agreement for Revolving Loans
generally. 

  
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 2.9 Fees. 

(a) Fee Letter. The Borrower agrees to pay to the Administrative Agent the fees specified in the Fee Letter. 

(b) Commitment Fee. As additional compensation for the Revolving Commitment, the Borrower shall pay to the Administrative Agent for the
account of the Lenders, in arrears, on the first day of each fiscal quarter prior to the Revolving Termination Date and on the Revolving Termination Date, a fee for the Borrower’s non-use of available
funds in an amount equal to the Commitment Fee Rate per annum multiplied by the difference between (x) the Revolving Commitments (as they may be reduced or increased from time to time) and (y) the sum of (A) the average for the
fiscal quarterly period of the daily closing balance of the Revolving Loans outstanding, (B) the aggregate undrawn amount of all outstanding Letters of Credit at such time, and (C) the aggregate amount of all Letter of Credit disbursements
that have not yet been reimbursed or converted into Revolving Loans at such time. For the avoidance of doubt, the outstanding amount of any Swingline Loans shall not be counted towards or considered usage of the Total Revolving Commitments for
purposes of determining the Commitment Fee. On the Closing Date, the Borrower shall pay to the Administrative Agent, for the account of each Lender, any accrued and unpaid Commitment Fee pursuant to the Existing Credit Agreement. 

(c) Fees Nonrefundable. All fees payable under this Section 2.9 shall be fully earned on the date paid and
nonrefundable. 
 2.10 Termination or Reduction of Revolving Commitments. 

The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Revolving
Commitments or, from time to time, to reduce the amount of the Revolving Commitments; provided that no such termination or reduction of the Revolving Commitments shall be permitted if, after giving effect thereto and to any prepayments of the
Revolving Loans and Swingline Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Available Revolving Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple
thereof, and shall reduce permanently the Revolving Commitments then in effect; provided further, if in connection with any such reduction or termination of the Revolving Commitments a Eurodollar Loan is prepaid on any day other than
the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21. The Borrower shall have the right, upon not less than three Business Days’ notice to the
Administrative Agent, to terminate the L/C Commitments or, from time to time, to reduce the amount of the L/C Commitments; provided that no such termination or reduction of L/C Commitments shall be permitted if, after giving effect thereto,
the Total L/C Commitments shall be reduced to an amount that would result in the aggregate L/C Exposure exceeding the Total L/C Commitments (as so reduced). Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof,
and shall reduce permanently the L/C Commitments then in effect. Any such notice of termination may be conditional. 
 2.11 Optional
Prepayments. 
 The Borrower may at any time and from time to time prepay the Loans, in whole or in part, upon irrevocable notice
delivered to the Administrative Agent no later than 10:00 A.M., Pacific time, three Business Days prior thereto, in the case of Eurodollar Loans, and no later than 10:00 A.M., Pacific time, one Business Day prior thereto, in the case of ABR Loans,
which notice shall specify the date and amount of the proposed prepayment; provided that if a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing
pursuant to Section 2.21; provided further, that any such notice of may be conditional. Upon receipt of any such 

  
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notice the Administrative Agent shall promptly notify each Lender thereof. If any such notice is given and not revoked, the amount specified in such notice shall be due and payable on the date
specified therein, together with accrued interest to such date on the amount prepaid. Partial prepayments of Loans shall be in an aggregate principal amount of $250,000 or a whole multiple of $100,000 in excess thereof. Partial prepayments of
Swingline Loans shall be in an aggregate principal amount of $100,000 or a whole multiple thereof. 
 2.12 [Reserved]. 

2.13 Conversion and Continuation Options. 

(a) The Borrower may elect from time to time to convert Eurodollar Loans to ABR Loans by giving the Administrative Agent prior irrevocable
notice in a Notice of Conversion/Continuation of such election no later than 10:00 A.M. on the Business Day preceding the proposed conversion date; provided that any such conversion of Eurodollar Loans may only be made on the last day of an
Interest Period with respect thereto. The Borrower may elect from time to time to convert ABR Loans to Eurodollar Loans by giving the Administrative Agent prior irrevocable notice in a Notice of Conversion/Continuation of such election no later than
10:00 A.M. on the third Business Day preceding the proposed conversion date (which notice shall specify the length of the initial Interest Period therefor); provided that no ABR Loan may be converted into a Eurodollar Loan when any Event of
Default has occurred and is continuing. Upon receipt of any such notice, the Administrative Agent shall promptly notify each relevant Lender thereof. 

(b) Any Eurodollar Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower
giving irrevocable notice in a Notice of Conversion/Continuation to the Administrative Agent, in accordance with the applicable provisions of the term “Interest Period” set forth in Section 1.1, of the length of
the next Interest Period to be applicable to such Loans; provided that no Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing; provided further that if the Borrower shall fail
to give any required notice as described above in this paragraph or if such continuation is not permitted pursuant to the preceding proviso, such Loans shall be automatically converted to ABR Loans on the last day of such then expiring Interest
Period. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. 
 2.14 Limitations
on Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and continuations of Eurodollar Loans and all selections of Interest Periods shall be in such amounts and be made pursuant to such
elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $1,000,000 or a whole multiple of $100,000 in excess thereof, and (b) no more
than seven (7) Eurodollar Tranches shall be outstanding at any one time. 
 2.15 Interest Rates and Payment Dates. 

(a) Each (x) Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal
to (i) the Eurodollar Rate determined for such day plus (ii) the Applicable Margin and (y) ABR Loan (including any Swingline Loan) shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the
Applicable Margin. 
 (a) During the continuance of an Event of Default, all outstanding Loans shall bear interest at a rate per annum equal
to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2.00% (the “Default Rate”). 

  
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 (b) Interest shall be payable in arrears on each Interest Payment Date; provided that
interest accruing pursuant to Section 2.15(b) shall be payable from time to time on demand. 
 2.16 Computation
of Interest and Fees. 
 (a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to ABR Loans the rate of interest on which is calculated on the basis of the Prime Rate, the interest thereon shall be calculated on the basis of a
365- (or 366-, as the case may be) day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant
Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the ABR or Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such
change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the effective date and the amount of each such change in interest rate. 

(b) Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and
binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrower, deliver to the Borrower a statement showing the quotations used by the Administrative Agent in determining any
interest rate pursuant to Section 2.16(a). 
 2.17 Inability to Determine Interest Rate. If prior to the
first day of any Interest Period, the Administrative Agent shall have determined (which determination shall be conclusive and binding upon the Borrower) in connection with any request for a Eurodollar Loan or a conversion to or a continuation
thereof that, by reason of circumstances affecting the relevant market, (a) Dollar deposits are not being offered to banks in the London interbank market for the applicable amount and Interest Period of such requested Loan or conversion or
continuation, as applicable, (b) adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period, or (c) the Eurodollar Rate determined or to be determined for such Interest Period will not
adequately and fairly reflect the cost to such Lenders (as conclusively certified by such Lenders) of making or maintaining their affected Loans during such Interest Period, then, in any such case (a), (b) or (c), the Administrative Agent shall
promptly notify the Borrower and the relevant Lenders thereof as soon as practicable thereafter. Any such determination shall specify the basis for such determination and shall, in the absence of manifest error, be conclusive and binding for all
purposes. Thereafter, (x) any Eurodollar Loans under the relevant Facility requested to be made on the first day of such Interest Period shall be made as ABR Loans, (y) any Loans under the relevant Facility that were to have been converted
on the first day of such Interest Period to Eurodollar Loans shall be continued as ABR Loans and (z) any outstanding Eurodollar Loans under the relevant Facility shall be converted, on the last day of the then-current Interest Period, to ABR
Loans. Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans under the relevant Facility shall be made or continued as such, nor shall the Borrower have the right to convert Loans under the relevant Facility
to Eurodollar Loans. 
 2.18 Pro Rata Treatment and Payments. 

(a) Each borrowing by the Borrower from the Lenders hereunder, each payment by the Borrower on account of any commitment fee and any reduction
of the Commitments shall be made pro rata according to the respective L/C Percentages or Revolving Percentages, as the case may be, of the relevant Lenders. 

(b) [Reserved]. 

  
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 (c) Each payment (including each prepayment) by the Borrower on account of principal of and
interest on the Revolving Loans shall be made pro rata according to the respective outstanding principal amounts of the Revolving Loans then held by the Revolving Lenders. 

(d) All payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest, fees or otherwise,
shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff and shall be made prior to 10:00 A.M. on the due date thereof to the Administrative Agent, for the account of the Lenders, at the applicable Funding
Office, in Dollars and in immediately available funds. The Administrative Agent shall distribute such payments to the Lenders promptly upon receipt in like funds as received. Any payment received by the Administrative Agent after 10:00 A.M. shall be
deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment hereunder (other than payments on the Eurodollar Loans) becomes due and payable on a day other than a Business Day, such
payment shall be extended to the next succeeding Business Day. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the
result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any extension of any payment of principal pursuant to the
preceding two sentences, interest thereon shall be payable at the then applicable rate during such extension. 
 (e) Unless the
Administrative Agent shall have been notified in writing by any Lender prior to the proposed date of any borrowing that such Lender will not make the amount that would constitute its share of such borrowing available to the Administrative Agent, the
Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date in accordance with Section 2, and the Administrative Agent may, in reliance upon such assumption, make
available to the Borrower a corresponding amount. If such amount is not in fact made available to the Administrative Agent by the required time on the Borrowing Date therefor, such Lender and the Borrower severally agree to pay to the Administrative
Agent forthwith, on demand, such corresponding amount with interest thereon, for each day from and including the date on which such amount is made available to the Borrower but excluding the date of payment to the Administrative Agent, at
(i) in the case of a payment to be made by such Lender, a rate equal to the greater of (A) the Federal Funds Effective Rate and (B) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation, and (ii) in the case of a payment to be made by the Borrower, the rate per annum applicable to ABR Loans under the relevant Facility. 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. 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. 
 (f) 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 Lender 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, distribute to the Lenders or the Issuing Lender, 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 Lender, 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 Lender, with interest thereon, for each day from and including the date such amount is
distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation. Nothing herein shall be deemed to limit the rights of Administrative Agent or any Lender against the Borrower. 

  
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 (g) If any Lender makes available to the Administrative Agent funds for any Loan to be made by
such Lender as provided in the foregoing provisions of this Section 2, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable extension of credit set forth
in Section 5.1 or Section 5.2 are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such
Lender, without interest. 
 (h) The obligations of the Lenders hereunder to (i) make Revolving Loans, (ii) to fund its
participations in L/C Disbursements in accordance with its respective L/C Percentage, (iii) to fund its respective Swingline Participation Amount of any Swingline Loan, and (iv) to make payments pursuant to
Section 9.7, as applicable, are several and not joint. The failure of any Lender to make any such Loan, to fund any such participation or to make any such payment under Section 9.7 on any date
required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its
payment under Section 9.7. 
 (i) Nothing herein shall be deemed to obligate any Lender to obtain the funds for
any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

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

(k) If any Lender shall obtain any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) on account of the principal of or interest on any Loan made by it, its participation in the L/C Exposure or other obligations hereunder, as applicable (other than pursuant to a provision
hereof providing for non-pro rata treatment), in excess of its Revolving Percentage or L/C Percentage, as applicable, of such payment on account of the Loans or participations obtained by all of the Lenders,
such Lender shall (a) notify the Administrative Agent of the receipt of such payment, and (b) within five (5) Business Days of such receipt purchase (for cash at face value) from the other Revolving Lenders or L/C Lenders, as
applicable (through the Administrative Agent), without recourse, such participations in the Revolving Loans made by them and/or participations in the L/C Exposure held by them, as applicable, or make such other adjustments as shall be equitable, as
shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of the other Lenders in accordance with their respective Revolving Percentages or L/C Percentages, as applicable; provided, however, that
(i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest and
(ii) the provisions of this paragraph shall not be construed to apply to (x) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the
existence of a Defaulting Lender) or (y) any payment obtained by a Lender as consideration for the assignment or sale of a participation in any of its Loans or participations in L/C Disbursements to any assignee or participant, other than to
the Borrower or any of its Affiliates (as to which the provisions of this paragraph shall apply). The Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to this Section 2.18(k) may

  
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exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor
of the Borrower in the amount of such participation. No documentation other than notices and the like referred to in this Section 2.18(k) shall be required to implement the terms of this
Section 2.18(k). The Administrative Agent shall keep records (which shall be conclusive and binding in the absence of manifest error) of participations purchased pursuant to this Section 2.18(k)
and shall in each case notify the Revolving Lenders or the L/C Lenders, as applicable, following any such purchase. The provisions of this Section 2.18(k) shall not be construed to apply to (i) any payment made by or
on behalf of the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), (ii) the application of Cash Collateral provided for in
Section 3.10, or (iii) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or sub-participations in any L/C
Exposure to any assignee or participant, other than an assignment to the Borrower or any Affiliate thereof (as to which the provisions of this Section shall apply). The Borrower consents on behalf of itself and each other Loan Party 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 each Loan Party rights of setoff and counterclaim with respect to such
participation as fully as if such Lender were a direct creditor of each Loan Party in the amount of such participation. For the avoidance of doubt, no amounts received by the Administrative Agent or any Lender from any Guarantor that is not a
Qualified ECP Guarantor shall be applied in partial or complete satisfaction of any Excluded Swap Obligations. 
 (l) Notwithstanding
anything to the contrary in this Agreement, the Administrative Agent may, in its discretion at any time or from time to time, without the Borrower’s request and even if the conditions set forth in Section 5.2 would not
be satisfied, make a Revolving Loan in an amount equal to the portion of the Obligations constituting overdue interest and fees and Swingline Loans from time to time due and payable to itself, any Revolving Lender, the Swingline Lender or the
Issuing Lender, and apply the proceeds of any such Revolving Loan to those Obligations; provided that after giving effect to any such Revolving Loan, the aggregate outstanding Revolving Loans will not exceed the Total Revolving Commitments
then in effect. 
 2.19 Illegality; Requirements of Law. 

(a) Illegality. If any Lender determines that any Requirement of Law has made it unlawful, or that any Governmental Authority has
asserted that it is unlawful, for such Lender to make, maintain or fund Eurodollar Loans, or to determine or charge interest rates based upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the authority of
such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to make or continue Eurodollar
Loans or to convert ABR Loans to Eurodollar Loans shall be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the
Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Loans of such Lender to ABR Loans, either on the last day of the Interest Period therefor, if such Lender may
lawfully continue to maintain such Eurodollar Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the
amount so prepaid or converted. 
 (b) Requirements of Law. If the adoption of or any change in any Requirement of Law or in the
administration, interpretation, implementation or application thereof by any Governmental Authority, or the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority made
subsequent to the date hereof: 

  
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 (i) shall subject any Recipient to any Taxes (other than (A) Indemnified Taxes,
(B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes, and (C) Connection Income Taxes) on its Loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves,
other liabilities or capital attributable thereto; 
 (ii) shall impose, modify or deem applicable any reserve, special deposit, compulsory
loan, insurance charge or similar requirement against assets of, deposits with or for the account of or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Eurodollar Rate); 

(iii) impose on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or
Loans made by such Lender or any Letter of Credit or participation therein; 
 and the result of any of the foregoing shall be to increase the cost to such
Lender or such other Recipient of making, converting to, continuing or maintaining Loans or of maintaining its obligation to make such Loans, or to increase the cost to such Lender or such other Recipient of issuing, maintaining or participating in
Letters of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum receivable or received by such Lender or other Recipient hereunder in respect thereof (whether of principal,
interest or any other amount), then, in any such case, upon the request of such Lender or other Recipient, the Borrower will promptly pay such Lender or other Recipient, as the case may be, any additional amount or amounts necessary to compensate
such Lender or other Recipient, as the case may be, for such additional costs incurred or reduction suffered. If any Lender becomes entitled to claim any additional amounts pursuant to this paragraph, it shall promptly notify the Borrower (with a
copy to the Administrative Agent) of the event by reason of which it has become so entitled. 
 (c) If any Lender determines that any change
in any Requirement of Law affecting such Lender or any lending office of such Lender or such Lender’s holding company, if any, regarding capital or liquidity requirements, has or would have the effect of reducing the rate of return on such
Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit or Swingline Loans held by, such
Lender, or the Letters of Credit issued by the Issuing Lender, to a level below that which such Lender or such Lender’s holding company could have achieved but for such change in such Requirement of Law (taking into consideration such
Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts
as will compensate such Lender or the Issuing Lender or such Lender’s or Issuing Lender’s holding company for any such reduction suffered. 

(d) For purposes of this Agreement, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules,
guidelines, or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or
similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case (i) and (ii) be deemed to be a change in any Requirement of Law, regardless of the date enacted, adopted or
issued. 
 (e) A certificate as to any additional amounts payable pursuant to paragraphs (b), (c), or (d) of this Section submitted by
any Lender to the Borrower (with a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. The Borrower shall pay such Lender the amount 

  
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shown as due on any such certificate within 10 days after receipt thereof. Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver
of such Lender’s right to demand such compensation. Notwithstanding anything to the contrary in this Section 2.19, the Borrower shall not be required to compensate a Lender pursuant to this
Section 2.19 for any amounts incurred more than nine months prior to the date that such Lender notifies the Borrower of the change in the Requirement of Law giving rise to such increased costs or reductions, and of such
Lender’s intention to claim compensation therefor; provided that if the circumstances giving rise to such claim have a retroactive effect, then such nine-month period shall be extended to include the period of such retroactive effect.
The obligations of the Borrower arising pursuant to this Section 2.19 shall survive the Discharge of Obligations and the resignation of the Administrative Agent. 

2.20 Taxes. 
 For purposes
of this Section 2.20, the term “applicable law” includes FATCA and the term “Lender” includes the Issuing Lender and the Swingline Lender. 

(a) Payments Free of Taxes. Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be
made without deduction or withholding for any Taxes, except as required by applicable law, and the Borrower shall, and shall cause each other Loan Party, to comply with the requirements set forth in this Section 2.20. If
any applicable law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled
to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable
Loan Party shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section 2.20) the applicable
Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 
 (b) Payment of
Other Taxes. The Borrower shall, and shall cause each other Loan Party to, timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of,
any Other Taxes applicable to such Loan Party. 
 (c) Evidence of Payments. As soon as practicable after any payment of Taxes by any
Loan Party to a Governmental Authority pursuant to this Section 2.20, the Borrower shall, or shall cause such other Loan Party to, deliver to the Administrative Agent the original or a certified copy of a receipt issued by
such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(d) Indemnification by Loan Parties. The Borrower shall, and shall cause each other Loan Party to, jointly and severally indemnify each
Recipient, within ten (10) days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 2.20)
payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto (including any recording and filing fees with respect thereto or
resulting therefrom and any liabilities with respect to, or resulting from, any delay in paying such Indemnified Taxes), whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A
certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its 

  
 40 

 
own behalf or on behalf of a Lender, shall be conclusive absent manifest error. If any Loan Party fails to pay any Indemnified Taxes when due to the appropriate taxing authority or fails to remit
to the Administrative Agent the required receipts or other required documentary evidence, such Loan Party shall indemnify the Administrative Agent and the Lenders for any incremental taxes, interest or penalties that may become payable by the
Administrative Agent or any Lender as a result of any such failure. 
 (e) Indemnification by Lenders. Each Lender shall severally
indemnify the Administrative Agent, within ten (10) days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for
such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.6 relating to the
maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising
therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the
Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the
Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this Section 2.20(e). 

(f) Status of Lenders. 

(i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document
shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the
Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other
documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or
information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections 2.20(f)(ii)(A),
(ii)(B) and (ii)(D) below) shall not be required if the Lender is not legally entitled to complete, execute or deliver such documentation or, in the Lender’s reasonable judgment, such completion, execution or submission would
subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

(ii) Without limiting the generality of the foregoing, in the event that the Borrower is a U.S. Person, 

(A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender
becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies of IRS Form W-9 certifying that such Lender is
exempt from U.S. federal backup withholding tax; 
 (B) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to
the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the
reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable: 

  
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 (1) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the
United States is a party (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN or IRS
Form W-8BEN-E, as applicable (or any successor form) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the
“interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable (or any successor form) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article
of such tax treaty; 
 (2) executed copies of IRS Form W-8ECI; 

(3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code,
(x) a certificate substantially in the form of Exhibit F-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a
“10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax
Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable (or any
successor form); or 
 (4) to the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or IRS Form
W-8BEN-E, as applicable (or any successor form), a U.S. Tax Compliance Certificate substantially in the form of Exhibit F-2 or
Exhibit F-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one
or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit
F-4 on behalf of each such direct and indirect partner; 
 (C) any Foreign Lender shall, to the
extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement
(and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal
withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender
were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time
or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied
with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this
Agreement. 

  
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 (iii) Each Lender agrees that if any form or certification it previously delivered expires or
becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. Each Foreign Lender shall promptly notify the Borrower
at any time it determines that it is no longer in a position to provide any previously delivered certificate to the Borrower (or any other form of certification adopted by the U.S. taxing authorities for such purpose). Notwithstanding any other
provision of this paragraph, a Foreign Lender shall not be required to deliver any form pursuant to this paragraph that such Foreign Lender is not legally able to deliver. 

(g) Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received a
refund of any Taxes as to which it has been indemnified pursuant to this Section 2.20 (including by the payment of additional amounts pursuant to this Section 2.20), it shall pay to the
indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying
party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this Section 2.20(g) (plus any penalties, interest or other charges imposed by the relevant
Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Section 2.20(g), in no event will the
indemnified party be required to pay any amount to an indemnifying party pursuant to this Section 2.20(g) the payment of which would place the indemnified party in a less favorable net
after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the
indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes
that it deems confidential) to the indemnifying party or any other Person. 
 (h) Survival. Each party’s obligations under this
Section 2.20 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender and the Discharge of Obligations. 

2.21 Indemnity. The Borrower agrees to indemnify each Lender for, and to hold each Lender harmless from, any loss or expense that such
Lender may sustain or incur as a consequence of (a) a default by the Borrower in making a borrowing of, conversion into or continuation of Eurodollar Loans after the Borrower has given a notice requesting the same in accordance with the
provisions of this Agreement, (b) a default by the Borrower in making any prepayment of or conversion from Eurodollar Loans after the Borrower has given a notice thereof in accordance with the provisions of this Agreement, or (c) for any
reason, the making of a prepayment of Eurodollar Loans on a day that is not the last day of an Interest Period with respect thereto. Such losses and expenses shall be equal to the excess, if any, of (i) the amount of interest that would have
accrued on the amount so prepaid, or not so borrowed, reduced, converted or continued, for the period from the date of such prepayment or of such failure to borrow, reduce, convert or continue to the last day of such Interest Period (or, in the case
of a failure to borrow, reduce, convert or continue, the Interest Period that would have commenced on the date of such failure) in each case at the applicable rate of interest or other return for such Loans provided for herein (excluding, however,
the Applicable Margin included therein, if any), over (ii) the amount of interest (as reasonably determined by such Lender) that would have accrued to such Lender on such amount by placing such 

  
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amount on deposit for a comparable period with leading banks in the interbank eurodollar market. A certificate as to any amounts payable pursuant to this Section submitted to the Borrower by any
Lender shall be conclusive in the absence of manifest error. This covenant shall survive the Discharge of Obligations. 
 2.22 Change of
Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 2.19(b), Section 2.19(c), Section 2.20(a),
Section 2.20(b) or Section 2.20(d) with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such Lender) to designate
a different lending office for funding or booking its Loans affected by such event 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 2.19 or 2.20, as the case may be, in the future, and (ii) would not subject such Lender to any unreimbursed cost or expense and
would not otherwise be disadvantageous to such Lender; provided that nothing in this Section shall affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to Section 2.19(b),
Section 2.19(c), Section 2.20(a), Section 2.20(b) or Section 2.20(d). The Borrower hereby agrees to pay all reasonable and documented costs and
expenses incurred by any Lender in connection with any such designation or assignment made at the request of the Borrower. 
 2.23
Substitution of Lenders. Upon the receipt by the Borrower of any of the following (or in the case of clause (a) below, if the Borrower is required to pay any such amount), with respect to any Lender (any such Lender described in
clauses (a) through (c) below being referred to as an “Affected Lender” hereunder): 
 (a) a
request from a Lender for payment of Indemnified Taxes or additional amounts under Section 2.20 or of increased costs pursuant to Section 2.19(c) or Section 2.19(d) (and,
in any such case, such Lender has declined or is unable to designate a different lending office in accordance with Section 2.22 or is a Non-Consenting Lender); 

(b) a notice from the Administrative Agent under Section 10.1(b) that one or more Minority Lenders are unwilling to
agree to an amendment or other modification approved by the Required Lenders and the Administrative Agent; or 
 (c) notice from the
Administrative Agent that a Lender is a Defaulting Lender; 
 then the Borrower may, at its sole expense and effort, upon notice to such Lender and the
Administrative Agent and such Affected Lender: (i) request that one or more of the other Lenders acquire and assume all or part of such Affected Lender’s Loans and Commitment; or (ii) designate a replacement lending institution (which
shall be an Eligible Assignee) to acquire and assume all or a ratable part of such Affected Lender’s Loans and Commitment (the replacing Lender or lender in (i) or (ii) being a “Replacement Lender”);
provided, however, that the Borrower shall be liable for the payment upon demand of all costs and other amounts arising under Section 2.21 that result from the acquisition of any Affected Lender’s Loan
and/or Commitment (or any portion thereof) by a Lender or Replacement Lender, as the case may be, on a date other than the last day of the applicable Interest Period with respect to any Eurodollar Loans then outstanding; and provided
further, however, that if the Borrower elects to exercise such right with respect to any Affected Lender under clause (a) or (b) of this Section 2.23, then the Borrower shall be obligated to
replace all Affected Lenders under such clauses. The Affected Lender replaced pursuant to this Section 2.23 shall be required to assign and delegate, without recourse, all of its interests, rights and obligations under this
Agreement and the related Loan Documents to one or more Replacement Lenders that so agree to acquire and assume all or a ratable part of such Affected Lender’s Loans and Commitment upon payment to such Affected Lender of an amount (in the
aggregate for all 

  
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Replacement Lenders) equal to 100% of the outstanding principal of the Affected Lender’s Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under
the other Loan Documents from such Replacement Lenders (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts, including amounts under Section 2.21
hereof). Any such designation of a Replacement Lender shall be effected in accordance with, and subject to the terms and conditions of, the assignment provisions contained in Section 10.6 (with the assignment fee to be paid
by the Borrower in such instance), and, if such Replacement Lender is not already a Lender hereunder or an Affiliate of a Lender or an Approved Fund, shall be subject to the prior written consent of the Administrative Agent (which consent shall not
be unreasonably withheld). Notwithstanding the foregoing, with respect to any assignment pursuant to this Section 2.23, (a) in the case of any such assignment resulting from a claim for compensation under
Section 2.19 or payments required to be made pursuant to Section 2.20, such assignment shall result in a reduction in such compensation or payments thereafter; (b) such assignment shall not
conflict with applicable law and (c) in the case of any assignment resulting from a Lender being a Minority Lender referred to in clause (b) of this Section 2.23, the applicable assignee shall have consented to
the applicable amendment, waiver or consent. Notwithstanding the foregoing, an Affected Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Affected Lender or otherwise, the
circumstances entitling the Borrower to require such assignment and delegation cease to apply. 
 2.24 Defaulting Lenders. 

(a) Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a
Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 
 (i)
Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 10.1 and in the
definition of Required Lenders. 
 (ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts
received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 8 or otherwise, and including any amounts made available to the Administrative
Agent by such Defaulting Lender pursuant to Section 10.7), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such
Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuing Lender or to the Swingline Lender hereunder; third, to be held as
Cash Collateral for the funding obligations of such Defaulting Lender of any participation in any Letter of Credit; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect
of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a Deposit Account
and released pro rata to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement, and (y) be held as Cash Collateral for the future funding obligations of such Defaulting
Lender of any participation in any future Letter of Credit; sixth, to the payment of any amounts owing to any L/C Lender, Issuing Lender or Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained by any L/C
Lender, Issuing Lender or Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default has occurred and is
continuing, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its
obligations under this Agreement; and eighth, 

  
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to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (A) such payment is a payment of the principal amount of any Loans or L/C
Advances in respect of which such Defaulting Lender has not fully funded its appropriate share and (B) such Loans or L/C Advances were made at a time when the conditions set forth in Section 5.2 were satisfied or
waived, such payment shall be applied solely to pay the Loans of, and L/C Advances owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C
Advances owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Advances and Swingline Loans are held by the Lenders pro rata in accordance with the Commitments under the applicable Facility
without giving effect to Section 2.24(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash
Collateral pursuant to this Section 2.24(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. 

(A) No Defaulting Lender shall be entitled to receive any fee pursuant to Section 2.9(b) for any period during which
such Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to such Defaulting Lender). 

(B) Each Defaulting Lender shall be limited in its right to receive letter of credit fees as provided in

Section 3.3(d). 
 (C) With respect to any letter of credit fee not required to be paid to any Defaulting Lender
pursuant to clause (A) or (B) above, the Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting
Lender’s participation in Letters of Credit or Swingline Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to the Issuing Lender and the Swingline
Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to the Issuing Lender’s or the Swingline Lender’s Fronting Exposure to such Defaulting Lender, and (z) not be
required to pay the remaining amount of any such fee. 
 (iv) Reallocation of Pro Rata Share to Reduce Fronting Exposure. During any
period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit pursuant to
Section 3.4 or in Swingline Loans pursuant to Section 2.7(c), the L/C Percentage of each Non-Defaulting Lender of any such Letter of Credit and the Revolving
Percentage of each Non-Defaulting Lender of any such Swingline Loan, as the case may be, shall be computed without giving effect to the Revolving Commitment of such Defaulting Lender; provided that,
(A) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Event of Default has occurred and is continuing; and (B) the aggregate obligations of each Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swingline Loans shall not exceed the positive difference, if any, of (1) the Revolving Commitment of that Non-Defaulting Lender minus (2) the aggregate outstanding amount of the Revolving Loans of that Lender plus the aggregate amount of that Lender’s L/C Percentage of then outstanding Letters of
Credit. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 

(v) Cash Collateral, Repayment of Swingline Loans. If the reallocation described in clause (iv) above cannot, or can only
partially, be effected, the Borrower shall, without 

  
 46 

 
prejudice to any right or remedy available to it hereunder or under law, (x) first, prepay Swingline Loans in an amount equal to the Swingline Lender’s Fronting Exposure and
(y) second, Cash Collateralize the Issuing Lender’s Fronting Exposure in accordance with the procedures set forth in Section 3.10. 

(b) Defaulting Lender Cure. If the Borrower, the Administrative Agent, the Swingline Lender and the Issuing Lender agree in writing
that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements
with respect to any Cash Collateral), such Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause
the Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held on a pro rata basis by the Lenders in accordance with their respective Revolving Percentages and L/C Percentages, as applicable (without
giving effect to Section 2.24(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf
of the Borrower while such Lender was a Defaulting Lender; and provided further that, except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a
waiver or release of any claim of any party hereunder arising from such Lender having been a Defaulting Lender. 
 (c) New Swingline
Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such
Swingline Loan, and (ii) the Issuing Lender shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure in respect of Letters of Credit after giving effect
thereto. 
 (d) Termination of Defaulting Lender. The Borrower may terminate the unused amount of the Revolving Commitment of any
Revolving Lender that is a Defaulting Lender upon not less than ten Business Days’ prior notice to the Administrative Agent (which shall promptly notify the Lenders thereof), and in such event the provisions of
Section 2.24(a)(ii) will apply to all amounts thereafter paid by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts);
provided that (i) no Event of Default shall have occurred and be continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, the Issuing Lender, the
Swingline Lender, or any other Lender may have against such Defaulting Lender. 
 2.25 Joint and Several Liability of the Borrowers.

 (a) Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the
financial accommodations to be provided by the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other the Borrowers to accept joint and several liability
for the Obligations. 
 (b) Each Borrower, jointly and severally, hereby irrevocably and unconditionally accepts, not merely as a surety but
also as a co-debtor, joint and several liability with the other the Borrowers, with respect to the payment and performance of all of the Obligations (including any Obligations arising under this
Section 2.25), it being the intention of the parties hereto that all the Obligations shall be the joint and several obligations of each Borrower without preferences or distinction among them. 

  
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 (c) If and to the extent that any Borrower shall fail to make any payment with respect to any of
the Obligations as and when due or to perform any of the Obligations in accordance with the terms thereof, then in each such event the other Borrowers will make such payment with respect to, or perform, such Obligations. 

(d) The Obligations of each Borrower under the provisions of this Section 2.25 constitute the absolute and
unconditional, full recourse Obligations of each Borrower enforceable against each Borrower to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of this Agreement or any other circumstances
whatsoever. 
 (e) Except as otherwise expressly provided in this Agreement, each Borrower hereby waives notice of acceptance of its joint
and several liability, notice of any Loans made or Letters of Credit Issued under or pursuant to this Agreement, notice of the occurrence of any Default, Event of Default, or of any demand for any payment under this Agreement, notice of any action
at any time taken or omitted by the Administrative Agent or Lenders under or in respect of any of the Obligations, any requirement of diligence or to mitigate damages and, generally, to the extent permitted by applicable law, all demands, notices
and other formalities of every kind in connection with this Agreement (except as otherwise provided in this Agreement). Each Borrower hereby assents to, and waives notice of, any extension or postponement of the time for the payment of any of the
Obligations, the acceptance of any payment of any of the Obligations, the acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence by the Administrative Agent or Lenders at any time or times in respect of any
default by any Borrower in the performance or satisfaction of any term, covenant, condition or provision of this Agreement, any and all other indulgences whatsoever by the Administrative Agent or Lenders in respect of any of the Obligations, and the
taking, addition, substitution or release, in whole or in part, at any time or times, of any security for any of the Obligations or the addition, substitution or release, in whole or in part, of any Borrower. Without limiting the generality of the
foregoing, each Borrower assents to any other action or delay in acting or failure to act on the part of the Administrative Agent or Lender with respect to the failure by any Borrower to comply with any of its respective Obligations, including,
without limitation, any failure strictly or diligently to assert any right or to pursue any remedy or to comply fully with applicable laws or regulations thereunder, which might, but for the provisions of this Section 2.25
afford grounds for terminating, discharging or relieving any Borrower, in whole or in part, from any of its Obligations under this Section 2.25, it being the intention of each Borrower that, so long as any of the
Obligations hereunder remain unsatisfied, the Obligations of each Borrower under this Section 2.25 shall not be discharged except by performance and then only to the extent of such performance. The Obligations of each
Borrower under this Section 2.25 shall not be diminished or rendered unenforceable by any winding up, reorganization, arrangement, liquidation, reconstruction or similar proceeding with respect to any Borrower, the
Administrative Agent or any Lender. 
 (f) Each Borrower represents and warrants to the Administrative Agent and Lenders that such Borrower
is currently informed of the financial condition of the Borrowers and of all other circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of the Obligations. Each Borrower further represents and warrants to
the Administrative Agent and Lenders that such Borrower has read and understands the terms and conditions of the Loan Documents. Each Borrower hereby covenants that such Borrower will continue to keep informed of the Borrowers’ financial
condition, the financial condition of other guarantors, if any, and of all other circumstances which bear upon the risk of nonpayment or nonperformance of the Obligations. 

  
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 (g) Each Borrower waives all rights and defenses arising out of an election of remedies by the
Administrative Agent or any Lender, even though that election of remedies, such as a nonjudicial foreclosure with respect to security for a guaranteed obligation, has destroyed the Administrative Agent’s or such Lender’s rights of
subrogation and reimbursement against such Borrower by the operation of Section 580(d) of the California Code of Civil Procedure or otherwise: 

(h) Each Borrower waives all rights and defenses that such Borrower may have because the Obligations are secured by real property at any time.
This means, among other things: 
 (i) The Administrative Agent and Lenders may collect from such Borrower without first foreclosing on any
real or personal property Collateral pledged by the Borrowers. 
 (ii) If the Administrative Agent or any Lender forecloses on any
Collateral consisting of real property pledged by the Borrowers: 
 (A) The amount of the Obligations may be reduced only by the price for
which that collateral is sold at the foreclosure sale, even if the collateral is worth more than the sale price. 
 (B) The Administrative
Agent and Lenders may collect from such Borrower even if the Administrative Agent or Lenders, by foreclosing on real property, has destroyed any right such Borrower may have to collect from the other Borrowers. 

This is an unconditional and irrevocable waiver of any rights and defenses such Borrower may have because the Obligations are secured by real
property. These rights and defenses include, but are not limited to, any rights or defenses based upon Section 580a, 580b, 580d or 726 of the California Code of Civil Procedure. 

(i) The provisions of this Section 2.25 are made for the benefit of the Administrative Agent, the Lenders, and their
respective successors and assigns, and may be enforced by it or them from time to time against any or all the Borrowers as often as occasion therefor may arise and without requirement on the part of the Administrative Agent, any Lender, any
successor or any assign first to marshal any of its or their claims or to exercise any of its or their rights against any Borrower or to exhaust any remedies available to it or them against any Borrower or to resort to any other source or means of
obtaining payment of any of the Obligations hereunder or to elect any other remedy. The provisions of this Section 2.25 shall remain in effect until all of the Obligations shall have been paid in full or otherwise fully
satisfied. If at any time, any payment, or any part thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or returned by the Administrative Agent or any Lender upon the insolvency, bankruptcy or
reorganization of any Borrower, or otherwise, the provisions of this Section 2.25 will forthwith be reinstated in effect, as though such payment had not been made. 

(j) Each Borrower hereby agrees that it will not enforce any of its rights of contribution or subrogation against any other Borrower with
respect to any liability incurred by it hereunder or under any of the other Loan Documents, any payments made by it to the Administrative Agent or Lenders with respect to any of the Obligations or any collateral security therefor until such time as
all of the Obligations have been paid in full in cash. Any claim which any Borrower may have against any other Borrower with respect to any payments to the Administrative Agent or Lender hereunder or under any other Loan Documents are hereby
expressly made subordinate and junior in right of payment, without limitation as to any increases in the Obligations arising hereunder or thereunder, to the prior payment in full in cash of the Obligations and, in the event of any insolvency,
bankruptcy, receivership, liquidation, reorganization or other similar proceeding under the laws of any jurisdiction relating to any Borrower, its debts or its assets, whether voluntary or involuntary, all such Obligations shall be paid in full in
cash before any payment or distribution of any character, whether in cash, securities or other 

  
 49 

 
property, shall be made to any other Borrower therefor. Notwithstanding anything to the contrary contained in this Section 2.25, no Borrower shall exercise any rights of
subrogation, contribution, indemnity, reimbursement or other similar rights against, and shall not proceed or seek recourse against or with respect to any property or asset of, any other Borrower (the “Foreclosed Borrower”),
including after payment in full of the Obligations, if all or any portion of the Obligations have been satisfied in connection with an exercise of remedies in respect of the Capital Stock of such Foreclosed Borrower whether pursuant to the Security
Documents or otherwise. 
 (k) Each Borrower hereby agrees that, after the occurrence and during the continuance of any Default or Event of
Default, the payment of any amounts due with respect to the indebtedness owing by any Borrower to any other Borrower is hereby subordinated to the prior payment in full in cash of the Obligations. Each Borrower hereby agrees that after the
occurrence and during the continuance of any Default or Event of Default, such Borrower will not demand, sue for or otherwise attempt to collect any indebtedness of any other Borrower owing to such Borrower until the Obligations shall have been paid
in full in cash. If, notwithstanding the foregoing sentence, such Borrower shall collect, enforce or receive any amounts in respect of such indebtedness, such amounts shall be collected, enforced and received by such Borrower as trustee for the
Administrative Agent, and such Borrower shall deliver any such amounts to the Administrative Agent for application to the Obligations in accordance with the terms of this Agreement. 

(l) Subject to the foregoing, to the extent that any Borrower shall, under this Agreement as a joint and several obligor, repay any of the
Obligations made to another Borrower hereunder or other Obligations incurred directly and primarily by any other Borrower (an “Accommodation Payment”), then the Borrower making such Accommodation Payment shall be entitled to
contribution and indemnification from, and be reimbursed by, each other Borrower in an amount, for each of such other Borrower, equal to a fraction of such Accommodation Payment, the numerator of which fraction is such other Borrower’s
Allocable Amount and the denominator of which is the sum of the Allocable Amounts of all of the Borrowers. As of any date of determination, the “Allocable Amount” of each Borrower shall be equal to the maximum amount of
liability for Accommodation Payments which could be asserted against such Borrower hereunder without (a) rendering such Borrower “insolvent” within the meaning of Section 101(31) of the Bankruptcy Code, Section 2 of the
Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of the Uniform Fraudulent Conveyance Act (“UFCA”), (b) leaving such Borrower with unreasonably small capital or assets, within the
meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA, or Section 5 of the UFCA, or (c) leaving such Borrower unable to pay its debts as they become due within the meaning of Section 548 of the Bankruptcy Code
or Section 4 of the UFTA, or Section 5 of the UFCA. 
 2.26 Notes. If so requested by any Lender by written notice to the
Borrower (with a copy to the Administrative Agent), the Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to
Section 10.6) (promptly after the Borrower’s receipt of such notice) a Note or Notes to evidence such Lender’s Loans. 

2.27 Administrative Borrower. The Borrowers hereby irrevocably appoint Hortonworks as its borrowing agent and attorney-in-fact (in such capacities, the “Administrative Borrower”) which appointment shall remain in full force and effect unless and until the
Administrative Agent shall have received prior written notice signed by each Borrower that such appointment has been revoked and that another entity has been appointed the Administrative Borrower. The Borrowers hereby irrevocably appoint and
authorize the Administrative Borrower (a) to provide the Administrative Agent with all notices with respect to Loans and all other financial accommodations obtained for its benefit and all other notices and instructions under this Agreement and
the other Loan Documents, (b) to receive notices and 

  
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instructions from the Administrative Agent and the Lenders (and any notice or instruction provided by the Agent or any Lender to the Administrative Borrower shall be deemed to have been given to
each Borrower), (c) to provide any certificates and other documentation on its behalf that are requested or required pursuant to the Loan Documents, (d) to obtain Loans and other financial accommodations pursuant to the Loan Documents, the
proceeds of which shall be available to each Borrower for such uses as are permitted under this Agreement, and to receive on its behalf any funds or other amounts that may, pursuant to the Loan Documents, be payable to any or all of the Borrowers
and (e) to take such action as the Administrative Borrower deems appropriate on its behalf to obtain Loans and Letters of Credit and to exercise such other powers as are reasonably incidental thereto to carry out the purposes of this Agreement
and the other Loan Documents. As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent and each Lender on account of Loans and other financial accommodations so made as if made directly by the
Administrative Agent or such Lender, as applicable, to such Borrower, notwithstanding the manner by which such Loans or financial accommodations are recorded on the books and records of the Loan Parties. The Administrative Borrower shall act as a
conduit for each Borrower (including itself, as a “Borrower”) on whose behalf the Administrative Agent has requested a Loan or other financial accommodation. Neither the Administrative Agent nor any other Lender shall have any obligation
to see to the application of such proceeds therefrom. 
 2.28 Incremental Facility. 

(a) At any time during the Revolving Commitment Period, the Borrower may request (but subject to the conditions set forth in clause
(b) below) the Total Revolving Commitments be increased by an amount not to exceed the Available Revolving Increase Amount (each such increase, an “Increase”); provided that the Borrower may not request an Increase
on more than three occasions during the Revolving Commitment Period. No Lender shall be obligated to increase its Revolving Commitments in connection with a proposed Increase. Any Increase shall be in an amount of at least $5,000,000 (or, if the
Available Revolving Increase Amount is less than $5,000,000, such remaining Available Revolving Increase Amount) and integral multiples of $1,000,000 in excess thereof. Additionally, for the avoidance of doubt, it is understood and agreed that in no
event shall the aggregate amount of the Increases to the Revolving Commitments exceed the Available Revolving Increase Amount during the term of the Agreement. 

(b) Each of the following shall be conditions precedent to any Increase of the Revolving Commitments in connection therewith: 

(i) any Increase shall be on the same terms (including the pricing, and maturity date), as applicable, as, and pursuant to documentation
applicable to, the Revolving Facility then in effect; 
 (ii) the Borrower shall have delivered an irrevocable written request for such
Increase at least ten (10) Business Days prior to the requested funding date of such Increase; 
 (iii) each Lender agreeing to such
Increase, the Borrower and the Administrative Agent have signed an Increase Joinder (any Increase Joinder may, with the consent of the Administrative Agent, the Borrower and the Lenders agreeing to such Increase, effect such amendments to this
Agreement and the other Loan Documents as may be necessary or appropriate to effectuate the provisions of this Section 2.28) and the Borrower shall have executed any Notes requested by any Lender in connection with the
making of the Increase. Notwithstanding anything to the contrary in this Agreement or in any other Loan Document, an Increase Joinder reasonably satisfactory to the Administrative Agent, and the amendments to this Agreement effected thereby, shall
not require the consent of any Lender other than the Lender(s) agreeing to fund such Increase; 

  
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 (iv) the condition precedent set forth in Section 5.2(a) is satisfied
with respect to such Increase; 
 (v) after giving pro forma effect to such Increase and the use of proceeds thereof, (A) no
Default or Event of Default shall have occurred and be continuing at the time of such Increase and (B) the Borrower shall be in compliance with the then applicable financial covenants set forth in Section 7.1 hereof as
of the end of the most recently ended month and quarter for which financial statements are required to be delivered prior to such Increase (regardless of whether any financial covenant is being tested at such time), and the Borrower shall have
delivered to the Administrative Agent a Compliance Certificate evidencing compliance with the requirements of this clause (v); 

(vi) in connection with such Increase, the Borrower shall pay to Administrative Agent all fees required to be paid pursuant to the terms of
the Fee Letter; and 
 (vii) upon each Increase in accordance with this Section 2.28, all outstanding Loans,
participations hereunder in Letters of Credit and participations hereunder in Swingline Loans held by each Lender shall be reallocated among the Lenders (including any newly added Lenders) in accordance with the Lenders’ respective revised
Revolving Percentages and L/C Percentages, pursuant to procedures reasonably determined by the Administrative Agent in consultation with the Borrower. 

(c) Upon the effectiveness of any Increase, (i) all references in this Agreement and any other Loan Document to the Revolving Loans shall
be deemed, unless the context otherwise requires, to include such Increase advanced pursuant to this Section 2.28 and (ii) all references in this Agreement and any other Loan Document to the Revolving Commitment shall
be deemed, unless the context otherwise requires, to include the commitment to advance an amount equal to such Increase pursuant to this Section 2.28. 

(d) The Revolving Loans and Revolving Commitments established pursuant to this Section 2.28 shall constitute
Revolving Loans and Revolving Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from any guarantees and the
security interests created by the Loan Documents. The Borrower shall take any actions reasonably required by Administrative Agent to ensure and demonstrate that the Liens and security interests granted by the Loan Documents continue to be perfected
under the Code or otherwise after giving effect to the establishment of any such new Revolving Commitments. 
 SECTION 3 

LETTERS OF CREDIT 
 3.1
L/C Commitment. 
 (a) Subject to the terms and conditions hereof, the Issuing Lender agrees to issue letters of credit
(“Letters of Credit”) for the account of the Borrower on any Business Day during the Letter of Credit Availability Period in such form as may reasonably be approved from time to time by the Issuing Lender; provided
that the Issuing Lender shall have no obligation to issue any Letter of Credit if, after giving effect to such issuance, the L/C Exposure would exceed either the Total L/C Commitments or the Available Revolving Commitment at such time. Unless
otherwise agreed to by the Admininstrative Agent, each Letter of Credit shall (i) be denominated in Dollars and (ii) expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the Letter of
Credit Maturity Date, provided that any Letter of Credit with a one-year term may provide for the renewal thereof for additional one-year periods (which shall in
no event extend beyond the date referred to in clause (y) above). 

  
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 (b) The Issuing Lender shall not at any time be obligated to issue any Letter of Credit if: 

(i) such issuance would conflict with, or cause the Issuing Lender or any L/C Lender to exceed any limits imposed by, any applicable
Requirement of Law; 
 (ii) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin
or restrain the Issuing Lender from issuing, amending or reinstating such Letter of Credit, or any law, rule or regulation applicable to the Issuing Lender or any request, guideline or directive (whether or not having the force of law) from any
Governmental Authority with jurisdiction over the Issuing Lender shall prohibit, or request that the Issuing Lender refrain from, the issuance, amendment, renewal or reinstatement of letters of credit generally or such Letter of Credit in particular
or shall impose upon the Issuing Lender with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the Issuing Lender is not otherwise compensated) not in effect on the Closing Date, or shall impose upon the
Issuing Lender any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which the Issuing Lender in good faith deems material to it; 

(iii) the Issuing Lender has received written notice from any Lender, the Administrative Agent or the Borrower, at least one
(1) Business Day prior to the requested date of issuance, amendment, renewal or reinstatement of such Letter of Credit, that one or more of the applicable conditions contained in Section 5.2 shall not then be
satisfied; 
 (iv) any requested Letter of Credit is not in form and substance acceptable to the Issuing Lender, or the issuance, amendment
or renewal of a Letter of Credit shall violate any applicable laws or regulations or any applicable policies of the Issuing Lender; 
 (v)
such Letter of Credit contains any provisions providing for automatic reinstatement of the stated amount after any drawing thereunder; 

(vi) except as otherwise agreed by the Administrative Agent and the Issuing Lender, such Letter of Credit is in an initial face amount less
than $250,000 (or such lower amount as the Administrative Agent and the Issuing Lender may agree); or 
 (vii) any Lender is at that time a
Defaulting Lender, unless the Issuing Lender has entered into arrangements, including the delivery of Cash Collateral pursuant to Section 3.10, satisfactory to the Issuing Lender (in its sole discretion) with the Borrower
or such Defaulting Lender to eliminate the Issuing Lender’s actual or potential Fronting Exposure (after giving effect to Section 2.24(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of
Credit then proposed to be issued or such Letter of Credit and all other L/C Exposure as to which the Issuing Lender has actual or potential Fronting Exposure, as it may elect in its sole discretion. 

3.2 Procedure for Issuance of Letters of Credit. The Borrower may from time to time request that the Issuing Lender issue a Letter of
Credit for the account of the Borrower by delivering to the Issuing Lender at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing Lender, and such other certificates, documents and other
papers and information as the Issuing Lender may request. Upon receipt of any Application, the Issuing Lender will process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in
accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Lender be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt
of the Application therefor and all such other 

  
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certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed to by the
Issuing Lender and the Borrower. The Issuing Lender shall furnish a copy of such Letter of Credit to the Borrower promptly following the issuance thereof. The Issuing Lender shall promptly furnish to the Administrative Agent, which shall in turn
promptly furnish to the Lenders, notice of the issuance of each Letter of Credit (including the amount thereof). 
 3.3 Fees and Other
Charges. 
 (a) The Borrower agrees to pay, with respect to each Existing Letter of Credit and each outstanding Letter of Credit issued
for the account of (or at the request of) the Borrower, (i) a fronting fee of 0.125% per annum on the daily amount available to be drawn under each such Letter of Credit to the Issuing Lender for its own account (a “Letter of Credit
Fronting Fee”), and (ii) a letter of credit fee equal to the Applicable Margin relating to Letters of Credit multiplied by the daily amount available to be drawn under each such Letter of Credit on the drawable amount of
such Letter of Credit to the Administrative Agent for the ratable account of the L/C Lenders (determined in accordance with their respective L/C Percentages) (a “Letter of Credit Fee”), in each case payable quarterly in
arrears on the last Business Day of March, June, September and December of each year and on the Letter of Credit Maturity Date (each, an “L/C Fee Payment Date”) after the issuance date of such Letter of Credit, and
(iii) the Issuing Lender’s standard and reasonable fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit issued for the account of (or at the request of) the Borrower or processing of drawings
thereunder (the fees in this clause (iii), collectively, the “Issuing Lender Fees”). All Letter of Credit Fronting Fees and Letter of Credit Fees shall be computed on the basis of the actual number of days elapsed in a year
of 360 days. 
 (b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary
costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit. 

(c) The Borrower shall furnish to the Issuing Lender and the Administrative Agent such other documents and information pertaining to any
requested Letter of Credit issuance, amendment or renewal, including any L/C-Related Documents, as the Issuing Lender or the Administrative Agent may require. This Agreement shall control in the event of any
conflict with any L/C-Related Document (other than any Letter of Credit). 
 (d) Any letter of
credit fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the Issuing Lender pursuant to
Section 3.10 shall be payable, to the maximum extent permitted by applicable law, to the other L/C Lenders in accordance with the upward adjustments in their respective L/C Percentages allocable to such Letter of Credit
pursuant to Section 2.23(a)(iv), with the balance of such fee, if any, payable to the Issuing Lender for its own account. 

(e) All fees payable under this Section 3.3 shall be fully earned on the date paid and nonrefundable. 

3.4 L/C Participations; Existing Letters of Credit. 

(a) L/C Participations. The Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Lender, and, to induce the Issuing
Lender to issue Letters of Credit, each L/C Lender irrevocably agrees to accept and purchase and hereby accepts and purchases from the Issuing Lender, on 

  
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the terms and conditions set forth below, for such L/C Lender’s own account and risk an undivided interest equal to such L/C Lender’s L/C Percentage in the Issuing Lender’s
obligations and rights under and in respect of each Letter of Credit and the amount of each draft paid by the Issuing Lender thereunder. Each L/C Lender agrees with the Issuing Lender that, if a draft is paid under any Letter of Credit for which the
Issuing Lender is not reimbursed in full by the Borrower pursuant to Section 3.5(a), such L/C Lender shall pay to the Issuing Lender upon demand at the Issuing Lender’s address for notices specified herein an amount
equal to such L/C Lender’s L/C Percentage of the amount of such draft, or any part thereof, that is not so reimbursed. Each L/C Lender’s obligation to pay such amount shall be absolute and unconditional and shall not be affected by any
circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right that such L/C Lender may have against the Issuing Lender, the Borrower or any other Person for any reason whatsoever, (ii) the occurrence of a Default
or an Event of Default or the failure to satisfy any of the other conditions specified in Section 5.2, (iii) any adverse change in the condition (financial or otherwise) of the Borrower, (iv) any breach of this
Agreement or any other Loan Document by the Borrower, any other Loan Party or any other L/C Lender, or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 

(b) Existing Letters of Credit. On and after the Closing Date, the Existing Letters of Credit shall be deemed for all purposes,
including for purposes of the fees to be collected pursuant to Sections 3.3(a) and (b), reimbursement of costs and expenses to the extent provided herein and for purposes of being secured by the Collateral, a Letter of Credit
outstanding under this Agreement and entitled to the benefits of this Agreement and the other Loan Documents, and shall be governed by the applications and agreements pertaining thereto and by this Agreement (which shall control in the event of a
conflict). 
 3.5 Reimbursement. 

(a) If the Issuing Lender shall make any L/C Disbursement in respect of a Letter of Credit, the Issuing Lender shall notify the Borrower and
the Administrative Agent thereof and the Borrower shall pay or cause to be paid to the Issuing Lender an amount equal to the entire amount of such L/C Disbursement not later than the immediately following Business Day. Each such payment shall be
made to the Issuing Lender at its address for notices referred to herein in Dollars and in immediately available funds. 
 (b) If the
Issuing Lender shall not have received from the Borrower the payment that it is required to make pursuant to Section 3.5(a) with respect to a Letter of Credit within the time specified in such Section, the Issuing Lender
will promptly notify the Administrative Agent of the L/C Disbursement and the Administrative Agent will promptly notify each L/C Lender of such L/C Disbursement and its L/C Percentage thereof, and each L/C Lender shall pay to the Issuing Lender upon
demand at the Issuing Lender’s address for notices specified herein an amount equal to such L/C Lender’s L/C Percentage of such L/C Disbursement (and the Administrative Agent may apply Cash Collateral provided for this purpose); upon such
payment pursuant to this paragraph to reimburse the Issuing Lender for any L/C Disbursement, the Borrower shall be required to reimburse the L/C Lenders for such payments (including interest accrued thereon from the date of such payment until the
date of such reimbursement at the rate applicable to Letters of Credit plus 2% per annum) on demand; provided that if at the time of and after giving effect to such payment by the L/C Lenders, the conditions to borrowings and Revolving Loan
Conversions set forth in Section 5.2 are satisfied, the Borrower may, by written notice to the Administrative Agent certifying that such conditions are satisfied and that all interest owing under this paragraph has been
paid, request that such payments by the L/C Lenders be converted into Revolving Loans (a “Revolving Loan Conversion”), in which case, if such conditions are in fact satisfied, the L/C Lenders shall be deemed to have extended,
and the Borrower shall be deemed to have accepted, a 

  
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Revolving Loan in the aggregate principal amount of such payment without further action on the part of any party, and the Total L/C Commitments shall be permanently reduced by such amount; any
amount so paid pursuant to this paragraph shall, on and after the payment date thereof, be deemed to be Revolving Loans for all purposes hereunder; provided that the Issuing Lender, at its option, may effectuate a Revolving Loan
Conversion regardless of whether the conditions to borrowings and Revolving Loan Conversions set forth in Section 5.2 are satisfied. 

3.6 Obligations Absolute. The Borrower’s obligations under this Section 3 shall be absolute and
unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment that the Borrower may have or have had against the Issuing Lender, any beneficiary of a Letter of Credit or any other Person. The
Borrower also agrees with the Issuing Lender that the Issuing Lender shall not be responsible for, and the Borrower’s obligations hereunder shall not be affected by, among other things, the validity or genuineness of documents or of any
endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among the Borrower and any beneficiary of any Letter of Credit or any other party to which such Letter of Credit may
be transferred or any claims whatsoever of the Borrower against any beneficiary of such Letter of Credit or any such transferee. The Issuing Lender shall not be liable for any error, omission, interruption or delay in transmission, dispatch or
delivery of any message or advice, however transmitted, in connection with any Letter of Credit, except for errors or omissions found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross
negligence or willful misconduct of the Issuing Lender. The Borrower agrees that any action taken or omitted by the Issuing Lender under or in connection with any Letter of Credit or the related drafts or documents, if done in the absence of gross
negligence or willful misconduct, shall be binding on the Borrower and shall not result in any liability of the Issuing Lender to the Borrower. 

In addition to amounts payable as elsewhere provided in the Agreement, the Borrower hereby agrees to pay and to protect, indemnify, and save
Issuing Lender harmless from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses (including reasonable attorneys’ fees and allocated costs of internal counsel) that the Issuing Lender may incur or
be subject to as a consequence, direct or indirect, of (A) the issuance of any Letter of Credit, or (B) the failure of Issuing Lender or of any L/C Lender to honor a demand for payment under any Letter of Credit thereof as a result of any
act or omission, whether rightful or wrongful, of any present or future de jure or de facto government or Governmental Authority, in each case other than to the extent solely as a result of the gross negligence or willful misconduct of Issuing
Lender or such L/C Lender (as finally determined by a court of competent jurisdiction). 
 3.7 Letter of Credit Payments. If any
draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall promptly notify the Borrower and the Administrative Agent of the date and amount thereof. The responsibility of the Issuing Lender to the Borrower in
connection with any draft presented for payment under any Letter of Credit shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered
under such Letter of Credit in connection with such presentment are substantially in conformity with such Letter of Credit. 
 3.8
Applications. To the extent that any provision of any Application related to any Letter of Credit is inconsistent with the provisions of this Section 3, the provisions of this Section 3 shall
apply. 
 3.9 Interim Interest. If the Issuing Lender shall make any L/C Disbursement in respect of a Letter of Credit, then, unless
either the Borrower shall have reimbursed such L/C Disbursement in full within the time period specified in Section 3.5(a) or the L/C Lenders shall have reimbursed such L/C Disbursement in full on such date as provided in
Section 3.5(b), in each case the unpaid amount thereof 

  
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shall bear interest for the account of the Issuing Lender, for each day from and including the date of such L/C Disbursement to but excluding the date of payment by the Borrower, at the rate per
annum that would apply to such amount if such amount were a Revolving Loan that is an ABR Loan; provided that the provisions of Section 2.15(c) shall be applicable to any such amounts not paid when due. 

3.10 Cash Collateral. 

(a) Certain Credit Support Events. Upon the request of the Administrative Agent or the Issuing Lender (i) if the Issuing Lender has
honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Advance by all the L/C Lenders that is not reimbursed by the Borrower or converted into a Revolving Loan pursuant to
Section 3.5(b), or (ii) if, as of the Letter of Credit Maturity Date, any L/C Exposure for any reason remains outstanding, the Borrower shall, in each case, immediately Cash Collateralize the then effective L/C
Exposure in an amount equal to 105% of such L/C Exposure. 
 At any time that there shall exist a Defaulting Lender, within one
(1) Business Day following the request of the Administrative Agent or the Issuing Lender (with a copy to the Administrative Agent), the Borrower shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover 105% of
the Fronting Exposure relating to the Letters of Credit (after giving effect to Section 2.24(a)(iv) and any Cash Collateral provided by such Defaulting Lender). 

(b) Grant of Security Interest. All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be
maintained in blocked, non-interest bearing deposit accounts with the Administrative Agent. The Borrower, and to the extent provided by any Lender or Defaulting Lender, such Lender or Defaulting Lender, hereby
grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Lender and the L/C Lenders, and agrees to maintain, a first priority security interest and Lien in all such Cash Collateral
and in all proceeds thereof, as security for the Obligations to which such Cash Collateral may be applied pursuant to Section 3.10(c). If at any time the Administrative Agent determines that Cash Collateral is subject to
any right or claim of any Person other than the Administrative Agent or any Issuing Lender as herein provided, or that the total amount of such Cash Collateral is less than 105% of the applicable L/C Exposure, Fronting Exposure and other Obligations
secured thereby, the Borrower or the relevant Lender or Defaulting Lender, as applicable, will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to
eliminate such deficiency (after giving effect to any Cash Collateral provided by such Defaulting Lender). 
 (c) Application.
Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 3.10, Section 2.24 or otherwise in respect of Letters of Credit shall be
held and applied to the satisfaction of the specific L/C Exposure, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which
the Cash Collateral was so provided, prior to any other application of such property as may otherwise be provided for herein. 
 (d)
Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure in respect of Letters of Credit or other Obligations shall no longer be required to be held as Cash Collateral pursuant to
this Section 3.10 following (i) the elimination of the applicable Fronting Exposure and other Obligations giving rise thereto (including by the termination of the Defaulting Lender status of the applicable Lender), or
(ii) a determination by the Administrative Agent and the Issuing Lender that there exists excess Cash Collateral; provided, however, (A) that Cash Collateral furnished by or on behalf of a Loan Party shall not be released
during the continuance of an Event of Default, and (B) that, subject to Section 2.24, the Person providing such Cash Collateral and the 

  
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Issuing Lender may agree that such Cash Collateral shall not be released but instead shall be held to support future anticipated Fronting Exposure or other obligations, and provided
further, that to the extent that such Cash Collateral was provided by the Borrower or any other Loan Party, such Cash Collateral shall remain subject to any security interest and Lien granted pursuant to the Loan Documents including any
applicable Cash Management Agreement. 
 3.11 Additional Issuing Lenders. The Borrower may, at any time and from time to time with
the consent of the Administrative Agent (which consent shall not be unreasonably withheld) and such Lender, designate one or more additional Lenders to act as an issuing bank under the terms of this Agreement. Any Lender designated as an issuing
bank pursuant to this paragraph shall be deemed to be an “Issuing Lender” (in addition to being a Lender) in respect of Letters of Credit issued or to be issued by such Lender, and, with respect to such Letters of Credit,
such term shall thereafter apply to the other Issuing Lender and such Lender. 
 3.12 Resignation of the Issuing Lender. The Issuing
Lender may resign at any time by giving at least 30 days’ prior written notice to the Administrative Agent, the Lenders and the Borrower. Subject to the next succeeding paragraph, upon the acceptance of any appointment as the Issuing Lender
hereunder by a Lender that shall agree to serve as successor Issuing Lender, such successor shall succeed to and become vested with all the interests, rights and obligations of the retiring Issuing Lender and the retiring Issuing Lender shall be
discharged from its obligations to issue additional Letters of Credit hereunder without affecting its rights and obligations with respect to Letters of Credit previously issued by it. At the time such resignation shall become effective, the Borrower
shall pay all accrued and unpaid fees pursuant to Section 3.3. The acceptance of any appointment as the Issuing Lender hereunder by a successor Lender shall be evidenced by an agreement entered into by such successor, in a
form satisfactory to the Borrower and the Administrative Agent, and, from and after the effective date of such agreement, (i) such successor Lender shall have all the rights and obligations of the previous Issuing Lender under this Agreement
and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “Issuing Lender” shall be deemed to refer to such successor or to any previous Issuing Lender, or to such successor and all previous
Issuing Lenders, as the context shall require. After the resignation of the Issuing Lender hereunder, the retiring Issuing Lender shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Lender under this
Agreement and the other Loan Documents with respect to Letters of Credit issued by it prior to such resignation, but shall not be required to issue additional Letters of Credit or to extend, renew or increase any existing Letter of Credit. 

3.13 Applicability of ISP. Unless otherwise expressly agreed by the Issuing Lender and the Borrower when a Letter of Credit is
issued and subject to applicable laws, the Letters of Credit shall be governed by and subject to the rules of the ISP. 
 SECTION 4

 REPRESENTATIONS AND WARRANTIES 

To induce the Administrative Agent and the Lenders to enter into this Agreement and to make the Loans and issue Letters of Credit, the
Borrower hereby represents and warrants to the Administrative Agent and each Lender, as to itself and each of its Subsidiaries, that: 

4.1 Financial Condition. 

(a) The Pro Forma Financial Statements have been prepared giving effect (as if such events had occurred on such date) to (i) the Loans to
be made on the Closing Date (if any) and the use of proceeds thereof, and (ii) the payment of fees and expenses in connection with the foregoing. The Pro 

  
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Forma Financial Statements have been prepared based on the best information reasonably available to the Borrower as of the date of delivery thereof, and present fairly in all material respects on
a pro forma basis the estimated financial position of Hortonworks and its consolidated Subsidiaries as of June 30, 2016 assuming that the events specified in the preceding sentence had actually occurred at such date. 

(b) The audited consolidated balance sheets of Hortonworks and its Subsidiaries as of December 31, 2013, December 31, 2014,
December 31, 2015, and December 31, 2016 and the related consolidated statements of income for the fiscal years ended on such dates, reported on by and accompanied by an unqualified report from Deloitte & Touche LLP, present
fairly in all material respects the consolidated financial condition of Hortonworks and its Subsidiaries as at such date, and the consolidated results of its operations for the respective fiscal years then ended. The unaudited consolidated balance
sheet of Hortonworks and its Subsidiaries as at June 30, 2017, and the related unaudited consolidated statements of income for the six-month period ended on such date, present fairly in all material
respects the consolidated financial condition of Hortonworks and its Subsidiaries as at such date, and the consolidated results of its operations for the six-month period then ended (subject to normal year-end audit adjustments). All such financial statements, including the related schedules and notes thereto, have been prepared in accordance with GAAP applied consistently throughout the periods involved (except
as approved by the aforementioned firm of accountants and disclosed therein and, in the case of any interim financial statements, for the absence of footnotes). No Group Member had, as of any financial statement date referred to above and to the
extent required to be reflected on a consolidated balance sheet prepared in accordance with GAAP, any material Guarantee Obligations, contingent liabilities and liabilities for taxes, or any long-term leases
or unusual forward or long-term commitments, including any interest rate or foreign currency swap or exchange transaction or other obligation in respect of derivatives, that was not reflected in the relevant
financial statements referred to in this paragraph. During the period from December 31, 2016 to and including the date hereof, there has been no Disposition by any Group Member of any material part of its business or property. 

4.2 No Change. Since December 31, 2016, there has been no development or event that has had or could reasonably be expected to
have a Material Adverse Effect. 
 4.3 Existence; Compliance with Law. Each Group Member (a) that is a Loan Party, or solely
with respect to any other Group Member to the extent the failure to comply herewith would not reasonably be expected to have a Material Adverse Effect, is duly organized, validly existing and in good standing under the laws of the jurisdiction of
its organization, (b) has the power and authority, and the legal right, to own and operate its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged, (c) to the extent such
concept is relevant, is duly qualified as a foreign corporation or other organization and in good standing under the laws of each jurisdiction where the failure to be so qualified could reasonably be expected to have a Material Adverse Effect and
(d) is in material compliance with all Requirements of Law except in such instances in which (i) such Requirement of Law is being contested in good faith by appropriate proceedings diligently conducted and the prosecution of such contest
would not reasonably be expected to result in a Material Adverse Effect, or (ii) the failure to comply therewith, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

4.4 Power, Authorization; Enforceable Obligations. Each Loan Party has the power and authority, and the legal right, to make, deliver
and perform the Loan Documents to which it is a party and, in the case of the Borrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of
the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement. No Governmental Approval or consent or authorization of, filing with, notice to or other
act by or in respect of, any other Person is required in connection with the 

  
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extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the Loan Documents, except (i) Governmental Approvals,
consents, authorizations, filings and notices which have been obtained or made and are in full force and effect, (ii) filings incident to Hortonworks status as a reporting company under relevant securities laws, filings required in connection
with the perfection of Liens granted in favor of the Administrative Agent and other filings referred to in Section 4.19 and and (iii) Governmental Approvals described on Schedule 4.4. Each Loan Document has been
duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable
against each such Loan Party 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). 
 4.5 No Legal Bar. The execution,
delivery and performance of this Agreement and the other Loan Documents, the issuances of Letters of Credit, the borrowings hereunder and the use of the proceeds thereof will not violate any Requirement of Law (except as set forth on
Schedule 4.5) or any material Contractual Obligation of any Group Member and will not result in, or require, the creation or imposition of any Lien on any of their respective properties or revenues pursuant to any
Requirement of Law or any such Contractual Obligation (other than the Liens created by the Security Documents). No Group Member has violated any Requirement of Law or violated or failed to comply with any Contractual Obligation applicable to the
Borrower or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect. The absence of obtaining the Governmental Approvals described on Schedule 4.4 and the violations of Requirements of
Law referenced on Schedule 4.5 shall not have an adverse effect on any rights of the Lenders or the Administrative Agent pursuant to the Loan Documents. 

4.6 Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the
knowledge of the Borrower, threatened in writing by or against any Group Member or against any of their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby,
or (b) that could reasonably be expected to have a Material Adverse Effect. 
 4.7 No Default. No Group Member is in default
under or with respect to any of its Contractual Obligations in any respect that could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing, nor shall either result from the making of
a requested credit extension. 
 4.8 Ownership of Property; Liens; Investments. Each Group Member has title in fee simple to, or a
valid leasehold interest in, all of its real property, and marketable title to, or a valid leasehold interest in, all of its other property, and none of such property is subject to any Lien except as permitted by
Section 7.3. No Loan Party owns any Investment except as permitted by Section 7.8. Section 11 of the Collateral Information Certificate sets forth a complete and accurate
list of all real property owned by each Loan Party as of the Closing Date, if any. Section 12 of the Collateral Information Certificate sets forth a complete and accurate list of all leases of real property under which any
Loan Party is the lessee as of the Closing Date. 
 4.9 Intellectual Property. Each Group Member owns, or is licensed to use, all
Intellectual Property, the absence of which could reasonably be expected to result in a Material Adverse Effect. No claim has been asserted by any Person in a writing received by a Group Member challenging or questioning any Group Member’s use
of any Intellectual Property or the validity or effectiveness of any Group Member’s Intellectual Property, nor does the Borrower know of any valid basis for any such claim, unless such claim could not reasonably be expected to have a Material
Adverse Effect. The use of 

  
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Intellectual Property by each Group Member, and the conduct of such Group Member’s business, as currently conducted, does not infringe on or otherwise violate the rights of any Person,
unless such infringement or violation could not reasonably be expected to have a Material Adverse Effect, and there are no claims pending or, to the knowledge of the Borrower, threatened in writing to such effect. 

4.10 Taxes. Each Group Member has filed or caused to be filed all Federal, state and other material tax returns that are required to be
filed, has paid all taxes shown to be due and payable on said returns and has paid all other material taxes or other tax related charges imposed on it or any of its property by any Governmental Authority (other than any amount or the validity of
which are currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided on the books of the relevant Group Member; no tax Lien has been filed (other than permitted
pursuant to Section 7.3). 
 4.11 Federal Regulations. The Borrower is not engaged and will not engage,
principally or as one of its important activities, in the business of “buying’ or “carrying” “margin stock” (within the respective meanings of each of the quoted terms under Regulation U as now and from time to time
hereafter in effect) or extending credit for the purpose of purchasing or carrying margin stock. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used for buying or carrying any such margin stock or for
extending credit to others for the purpose of purchasing or carrying margin stock in violation of Regulations T, U or X of the Board. If any margin stock directly or indirectly constitutes Collateral securing the Obligations, if requested by any
Lender or the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1, as applicable, referred to in Regulation U. 
 4.12 Labor Matters. Except as, in the
aggregate, could not reasonably be expected to have a Material Adverse Effect: (a) there are no strikes or other labor disputes against any Group Member pending or, to the knowledge of the Borrower, threatened; (b) hours worked by and
payment made to employees of each Group Member have not been in violation of the Fair Labor Standards Act or any other applicable Requirement of Law dealing with such matters; and (c) all payments due from any Group Member on account of
employee health and welfare insurance have been paid or accrued as a liability on the books of the relevant Group Member. 
 4.13 ERISA.

 (a) Schedule 4.13 is a complete and accurate list of all Plans maintained or sponsored by the Borrower or
any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes as of the Closing Date; 
 (b) the Borrower and its ERISA
Affiliates are in compliance in all respects with all applicable provisions and requirements of ERISA with respect to each Plan, and have performed all their obligations under each Plan, in each case to the extent the failure to have done so could
not reasonably be expected to result in a Material Adverse Effect; 
 (c) no ERISA Event has occurred or is reasonably expected to occur;

 (d) the Borrower and each of its ERISA Affiliates have met all applicable requirements under the ERISA Funding Rules with respect to each
Pension Plan, and no waiver of the minimum funding standards under the ERISA Funding Rules has been applied for or obtained; 

  
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 (e) as of the most recent valuation date for any Pension Plan, the funding target attainment
percentage (as defined in Section 430(d)(2) of the Code) is at least 60%, and neither the Borrower nor any of its ERISA Affiliates knows of any facts or circumstances that could reasonably be expected to cause the funding target attainment
percentage to fall below 60% as of the most recent valuation date; 
 (f) except to the extent required under Section 4980B of the
Code, or as described on Schedule 4.13, no Plan provides health or welfare benefits (through the purchase of insurance or otherwise) for any retired or former employee of the Borrower or any of its ERISA Affiliates; 

(g) as of the most recent valuation date for any Pension Plan, the amount of outstanding benefit liabilities (as defined in
Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans (excluding for purposes of such computation any Pension Plans with respect to which assets exceed benefit liabilities), does not exceed $100,000; 

(h) the execution and delivery of this Agreement and the consummation of the transactions contemplated hereunder will not involve any
transaction that is subject to the prohibitions of Section 406 of ERISA or in connection with which taxes could be imposed pursuant to Section 4975(c)(1)(A)-(D) of the Code; 

(i) all liabilities under each Plan are (i) funded to at least the minimum level required by law or, if higher, to the level required by
the terms governing the Plans, (ii) insured with a reputable insurance company, (iii) provided for or recognized in the financial statements most recently delivered to the Administrative Agent and the Lenders pursuant hereto or
(iv) estimated in the formal notes to the financial statements most recently delivered to the Administrative Agent and the Lenders pursuant hereto; 

(j) there are no circumstances which may give rise to a liability in relation to any Plan which is not funded, insured, provided for,
recognized or estimated in the manner described in clause (g); and 
 (k) (i) the Borrower is not and will not be a “plan” within
the meaning of Section 4975(e) of the Code; (ii) the assets of the Borrower do not and will not constitute “plan assets” within the meaning of the United States Department of Labor Regulations set forth in 29 C.F.R. §2510.3-101; (iii) the Borrower is not and will not be a “governmental plan” within the meaning of Section 3(32) of ERISA; and (iv) transactions by or with the Borrower are not and will
not be subject to state statutes applicable to the Borrower regulating investments of fiduciaries with respect to governmental plans. 

4.14 Investment Company Act; Other Regulations. No Loan Party is an “investment company,” or a company “controlled”
by an “investment company,” within the meaning of the Investment Company Act of 1940, as amended. Except as set forth on Schedule 4.5, no Loan Party is subject to regulation under any Requirement of Law (other
than Regulation X of the Board) that limits its ability to incur Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. 

4.15 Subsidiaries. (a) Schedule 4.15 sets forth, as of the Closing Date, the name and jurisdiction of organization of each
Subsidiary of the Borrower and, as to each such Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party, and (b) as of the Closing Date, there are no outstanding subscriptions, options, warrants, calls, rights or other
commitments of any nature relating to any Capital Stock of any Subsidiary of Hortonworks, except as may be created by the Loan Documents. 

  
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 4.16 Use of Proceeds. The proceeds of the Revolving Loans, Swingline Loans and the Letters
of Credit shall be used for working capital and other general corporate purposes. 
 4.17 Environmental Matters. Except as, in the
aggregate, could not reasonably be expected to have a Material Adverse Effect:  
 (a) except as disclosed on Schedule 4.17,
the facilities and properties owned, leased or operated by any Group Member (the “Properties”) do not contain, and have not previously contained, any Materials of Environmental Concern in amounts or concentrations or under
circumstances that constitute or have constituted a violation of, or could give rise to liability under, any Environmental Law; 
 (b) no
Group Member has received or is aware of any notice of violation, alleged violation, non-compliance, liability or potential liability regarding environmental matters or compliance with Environmental Laws with
regard to any of the Properties or the business operated by any Group Member (the “Business”), nor does the Borrower have knowledge or reason to believe that any such notice will be received or is being threatened; 

(c) no Group Member has transported or disposed of Materials of Environmental Concern from the Properties in violation of, or in a manner or
to a location that could give rise to liability under, any Environmental Law, nor has any Group Member generated, treated, stored or disposed of Materials of Environmental Concern at, on or under any of the Properties in violation of, or in a manner
that could give rise to liability under, any applicable Environmental Law; 
 (d) no judicial proceeding or governmental or administrative
action is pending or, to the knowledge of the Borrower, threatened, under any Environmental Law to which any Group Member is or will be named as a party with respect to the Properties or the Business, nor are there any consent decrees or other
decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding under any Environmental Law with respect to the Properties or the Business; 

(e) there has been no release or threat of release of Materials of Environmental Concern at or from the Properties arising from or related to
the operations of any Group Member or otherwise in connection with the Business, in violation of or in amounts or in a manner that could give rise to liability under Environmental Laws; 

(f) the Properties and all operations of the Group Members at the Properties are in compliance, and have in the last five years been in
compliance, with all applicable Environmental Laws, and except as set forth on Schedule 4.17, to the knowledge of the Borrower, there is no contamination at, under or about the Properties or violation of any Environmental Law with respect to
the Properties or the Business; and 
 (g) no Group Member has assumed any liability of any other Person under Environmental Laws. 

4.18 Accuracy of Information, etc. No statement or information (other than projections, pro forma and other forward looking
information) contained in this Agreement, any other Loan Document or any other document, certificate or statement furnished by or on behalf of any Loan Party to the Administrative Agent or the Lenders, or any of them, for use in connection with the
transactions contemplated by this Agreement or the other Loan Documents, contained (when taken together with all other information provided) as of the date such statement, information, document or certificate was so furnished, any untrue statement
of a material fact or omitted to state a material fact necessary to make the 

  
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statements contained herein or therein not misleading in light of the circumstances under which they were made; provided that (a) with respect to information relating to Hortonwork’s
industry generally and trade data which relates to a Person that is not a Loan Party or a Subsidiary thereof, the Borrower represents and warrants only that such information is believed by it in good faith to be accurate in all material respects,
(b) any statements describing documents and agreements are summary only and as such are qualified in their entirety by reference to such documents and agreements, and (c) with respect to financial statements (other than (i) projected
and pro forma financial information, and (ii) any historical financial information of any businesses acquired pursuant to any Permitted Acquisition (which is qualified to the extent provided therefor in the definitive documentation governing
any such Permitted Acquisition)), the Borrower represents and warrants only that such financial statements present fairly in all material respects the consolidated financial condition of the applicable Person as of the dates indicated. The
projections and pro forma financial information provided to the Administrative Agent and Lenders by the Borrower and its Subsidiaries are based upon good faith estimates and assumptions believed by management of the Borrower to be reasonable
at the time made, it being recognized by the Lenders that such financial information as it relates to future events is not to be viewed as fact and that actual results during the period or periods covered by such financial information may differ
from the projected results set forth therein by a material amount. There is no fact known to any Loan Party that could reasonably be expected to have a Material Adverse Effect that has not been expressly disclosed herein, in the other Loan Documents
or in any other documents, certificates and statements furnished to the Administrative Agent and the Lenders for use in connection with the transactions contemplated hereby and by the other Loan Documents. 

4.19 Security Documents. 

(a) The Guarantee and Collateral Agreement is effective to create in favor of the Administrative Agent, for the benefit of the Secured Parties,
a legal, valid and enforceable security interest in the Collateral described therein and proceeds thereof. In the case of the Pledged Stock described in the Guarantee and Collateral Agreement that are securities represented by stock certificates or
otherwise constituting certificated securities within the meaning of Section 8-102(a)(15) of the UCC or the corresponding code or statute of any other applicable jurisdiction (“Certificated
Securities”), when certificates representing such Pledged Stock are delivered to the Administrative Agent, and in the case of the other Collateral constituting personal property described in the Guarantee and Collateral Agreement, when
financing statements and other filings specified on Schedule 4.19(a) in appropriate form are filed in the offices specified on Schedule 4.19(a), the Administrative Agent, for the benefit of the
Secured Parties, shall have a fully perfected (to the extent perfection of such Liens and security interests are accomplished by such delivery or filing) Lien on, and security interest in, all right, title and interest of the Loan Parties in such
Collateral and the proceeds thereof, as security for the Obligations, in each case prior and superior in right to any other Person (except (i) in the case of Collateral other than Pledged Stock, Liens permitted by
Section 7.3, and (ii) in the case of Pledged Stock, Liens arising by operation of law which do not have priority over the Liens of the Administrative Agent). As of the Closing Date no Loan Party that is a limited
liability company or partnership has any Capital Stock that is not a Certificated Security. 
 (b) Each of the Mortgages delivered after the
Closing Date, when the Mortgages are filed in the offices for the applicable jurisdictions in which the Mortgaged Properties are located, shall constitute a fully enforceable and perfected Lien on, and security interest in, all right, title and
interest of the Loan Parties in the Mortgaged Properties and the proceeds thereof, as security for the Obligations (as defined in the relevant Mortgage), in each case prior and superior in right to any other Person (other than Liens upon the
Mortgage Properties permitted by Section 7.3). 
 4.20 Solvency; Voidable Transaction. Hortonworks and its Subsidiaries, on a
consolidated basis, are, and after giving effect to the incurrence of all Indebtedness, Obligations and obligations being 

  
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incurred in connection herewith, will be and will continue to be, Solvent. No transfer of property is being made by any Loan Party and no obligation is being incurred by any Loan Party in
connection with the transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of such Loan Party. 

4.21 [Reserved]. 

4.22 Designated Senior Indebtedness. The Loan Documents and all of the Obligations have been deemed “Designated Senior
Indebtedness” or a similar concept thereto, if applicable, for purposes of any other Indebtedness of the Loan Parties. 
 4.23
[Reserved]. 
 4.24 Insurance. All insurance maintained by the Loan Parties is in full force and effect, all premiums have been
duly paid, no Loan Party has received notice of violation or cancellation thereof, and there exists no default under any requirement of such insurance. Each Loan Party maintains insurance with financially sound and reputable insurance companies on
all its property in at least such amounts and against at least such risks as are usually insured against in the same general area by companies engaged in the same or a similar business. 

4.25 [Reserved]. 

4.26 [Reserved]. 

4.27 Capitalization. Schedule 4.27 sets forth the registered owners of all Capital Stock of each Subsidiary of Hortonworks, and
the amount of Capital Stock held by each such owner, in each case as of the Closing Date. 
 4.28 OFAC. Neither the Borrower, nor any
of its Subsidiaries, nor, to the knowledge of the Borrower or any such Subsidiary, any director, officer, employee, agent, affiliate or representative thereof, is an individual or an entity that is, or is owned or controlled by an individual or
entity that is (a) currently the subject of any Sanctions, or (b) located, organized or resident in a Designated Jurisdiction. 

4.29 Anti-Corruption Laws. The Borrower and its Subsidiaries have conducted their businesses in compliance in all material respects
with applicable anti-corruption laws and have instituted and maintained policies and procedures designed to promote and achieve compliance with such laws. 

SECTION 5 
 CONDITIONS
PRECEDENT 
 5.1 Conditions to Initial Extension of Credit. The effectiveness of this Agreement and the obligation of each Lender
to make its initial extension of credit hereunder shall be subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent: 

  
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 (a) Loan Documents. The Administrative Agent shall have received each of the following,
each of which shall be in form and substance satisfactory to the Administrative Agent: 
 (i) this Agreement, executed and delivered by the
Administrative Agent, the Borrower and each Lender listed on Schedule 1.1A; 
 (ii) the Collateral Information
Certificate, executed by a Responsible Officer; 
 (iii) if required by any Revolving Lender, a Revolving Loan Note executed by the
Borrower in favor of such Revolving Lender; 
 (iv) if required by the Swingline Lender, the Swingline Loan Note executed by the Borrower
in favor of such Swingline Lender; 
 (v) the Reaffirmation Agreement, executed and delivered by each Grantor named therein; 

(vi) each Intellectual Property Security Agreement (or supplements thereto), executed by the applicable Grantor related thereto, if
applicable; 
 (vii) each other Security Document, executed and delivered by the applicable Loan Party party thereto, if applicable; 

(b) [Reserved]. 
 (c)
Pro Forma Financial Statements; Financial Statements; Projections. The Lenders shall have received (i) the Pro Forma Financial Statements, (ii) and the financial statements referenced in Section 4.1. 

(d) Approvals. Except for the Governmental Approvals described on Schedule 4.4, all Governmental Approvals
and consents and approvals of, or notices to, any other Person (including the holders of any Capital Stock issued by any Loan Party) required in connection with the execution and performance of the Loan Documents, the consummation of the
transactions contemplated hereby, shall have been obtained and be in full force and effect. The absence of obtaining the Governmental Approvals described on Schedule 4.4 shall not have an adverse effect on any rights of the
Lenders, the Administrative Agent pursuant to the Loan Documents or an adverse effect on the Group Members with regard to their continuing operations. 

(e) Secretary’s or Managing Member’s Certificates; Certified Operating Documents; Good Standing Certificates. The
Administrative Agent shall have received (i) a certificate of each Loan Party, dated the Closing Date and executed by the Secretary, Managing Member or equivalent officer of such Loan Party, substantially in the form of
Exhibit C, with appropriate insertions and attachments, including (A) the Operating Documents of such Loan Party, (B) the relevant board resolutions or written consents of such Loan Party adopted by such Loan
Party for the purposes of authorizing such Loan Party to enter into and perform the Loan Documents to which such Loan Party is party and (C) the names, titles, incumbency and signature specimens of those representatives of such Loan Party who
have been authorized by such resolutions and/or written consents to execute Loan Documents on behalf of such Loan Party, and (ii) a long form good standing certificate for each Loan Party from its respective jurisdiction of organization. 

(f) [Reserved].  
 (g)
[Reserved].  

  
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 (h) [Reserved]. 

(i) [Reserved]. 
 (j)
[Reserved]. 
 (k) Collateral Matters. 

(i) Lien Searches. The Administrative Agent shall have received the results of recent lien searches in each of the jurisdictions where
any of the Loan Parties is formed or organized, and such searches shall reveal no liens on any of the assets of the Loan Parties except for Liens permitted by Section 7.3, or Liens to be discharged on or prior to the
Closing Date. 
 (ii) Pledged Stock; Stock Powers; Pledged Notes. To the extent not pledged or received under the Existing Credit
Agreement, the Administrative Agent shall have received (A) the certificates representing the shares of Capital Stock pledged to the Administrative Agent (for the ratable benefit of the Secured Parties) pursuant to the Guarantee and Collateral
Agreement, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof, and (B) each promissory note (if any) pledged to the Administrative Agent (for the ratable benefit
of the Secured Parties) pursuant to the Guarantee and Collateral Agreement, endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof. 

(iii) Filings, Registrations, Recordings, Agreements, Etc. Each document (including any UCC financing statements, Intellectual
Property Security Agreements, Deposit Account Control Agreements, Securities Account Control Agreements, and landlord access agreements and/or bailee waivers) required by the Security Documents or under law or reasonably requested by the
Administrative Agent to be filed, registered or recorded to create in favor of the Administrative Agent (for the ratable benefit of the Secured Parties), a perfected Lien on the Collateral described therein, prior and superior in right and priority
to any Lien in the Collateral held by any other Person (other than with respect to Liens expressly permitted by Section 7.3), shall have been executed and delivered to the Administrative Agent or, as applicable, be in
proper form for filing, registration or recordation. 
 (l) Insurance. The Administrative Agent shall have received
(i) insurance certificates satisfying the requirements of Section 6.6 hereof, in form and substance reasonably satisfactory to the Administrative Agent. 

(m) Fees. The Lenders and the Administrative Agent shall have received all fees required to be paid on or prior to the Closing Date
(including pursuant to the Fee Letter), and all reasonable and documented fees and expenses for which invoices have been presented (including the reasonable and documented fees and expenses of legal counsel to the Administrative Agent) for payment
on or before the Closing Date. 
 (n) Legal Opinions. The Administrative Agent shall have received the executed legal opinion of
Gibson, Dunn & Crutcher, LLP, counsel to the Loan Parties, in form and substance reasonably satisfactory to the Administrative Agent. Such legal opinion shall cover such matters incident to the transactions contemplated by this Agreement
and the other Loan Documents as the Administrative Agent may reasonably require. 
 (o) [Reserved]. 

  
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 (p) [Reserved]. 

(q) [Reserved]. 
 (r)
[Reserved]. 
 (s) Solvency Certificate. The Administrative Agent shall have received a Solvency Certificate from the chief
financial officer or treasurer of Hortonworks. 
 (t) No Material Adverse Effect. There shall not have occurred since
December 31, 2016 any event or condition that has had or could be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect. 

(u) No Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to
the knowledge of any Group Member, threatened, that could reasonably be expected to have a Material Adverse Effect. 
 For purposes of
determining compliance with the conditions specified in this Section 5.1, each Lender that has executed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or
other matter either sent (or made available) by the Administrative Agent to such Lender for consent, approval, acceptance or satisfaction, or required thereunder to be consented to or approved by or acceptable or satisfactory to such Lender, unless
an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender prior to the Closing Date specifying such Lender’s objection thereto and either such
objection shall not have been withdrawn by notice to the Administrative Agent to that effect on or prior to the Closing Date or, if any extension of credit on the Closing Date has been requested, such Lender shall not have made available to the
Administrative Agent on or prior to the Closing Date such Lender’s Revolving Percentage or Term Percentage, as the case may be, of such requested extension of credit. 

5.2 Conditions to Each Extension of Credit. The agreement of each Lender to make any extension of credit requested to be made by it on
any date (including its initial extension of credit) is subject to the satisfaction of the following conditions precedent: 
 (a)
Representations and Warranties. Each of the representations and warranties made by each Loan Party in or pursuant to any Loan Document (i) that is qualified by materiality shall be true and correct, and (ii) that is not qualified by
materiality, shall be true and correct in all material respects, in each case, on and as of such date as if made on and as of such date, except to the extent any such 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. 
 (b) [Reserved]

 (c) Availability. With respect to any requests for any Revolving Extensions of Credit, after giving effect to such Revolving
Extension of Credit, the availability and borrowing limitations specified in Section 2.4 shall be complied with. 

(d) Notices of Borrowing. The Administrative Agent shall have received a Notice of Borrowing in connection with any such request for
extension of credit which complies with the requirements hereof. 

  
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 (e) No Default. No Default or Event of Default shall have occurred and be continuing as of
or on such date or after giving effect to the extensions of credit requested to be made on such date. 
 Each borrowing by and issuance of a
Letter of Credit on behalf of the Borrower hereunder, and each Revolving Loan Conversion shall constitute a representation and warranty by the Borrower as of the date of such extension of credit or Revolving Loan Conversion, as applicable, that the
conditions contained in this Section 5.2 have been satisfied. 
 5.3 Post-Closing Conditions Subsequent.
The Borrower shall satisfy each of the conditions subsequent to the Closing Date specified in this Section 5.3 to the satisfaction of the Administrative Agent, in each case by no later than the date specified for such
condition below (or such later date as the Administrative Agent shall agree in its sole discretion): 
 (a) The Administrative Agent shall
have completed an initial collateral audit within 30 days of the Closing Date with results satisfactory to the Administrative Agent. 

SECTION 6 
 AFFIRMATIVE
COVENANTS 
 The Borrower hereby agrees that, at all times prior to the Discharge of Obligations, the Borrower shall, and, where
applicable, shall cause each of its Subsidiaries to: 
 6.1 Financial Statements. Furnish to the Administrative Agent, with
sufficient copies for distribution to each Lender: 
 (a) Annual Financial Statements. As soon as available, but in any event within
120 days after the end of each fiscal year of Hortonworks (or, if earlier, within 5 days after filing with the SEC (without giving effect to any extension permitted by the SEC)), a copy of the audited consolidated balance sheet of the Hortonworks
and its consolidated Subsidiaries as at the end of such fiscal year and the related audited consolidated statements of income and of cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous year,
together with an unqualified opinion (other than a “going concern” or like qualification for any period within the twelve-month period prior to the end of the term of this Agreement arising solely from the impending maturity of the Loans)
by Deloitte & Touche LLP or other independent certified public accountants of nationally recognized standing; 
 (b) Quarterly
Financial Statements. As soon as available, but in any event within 45 days after the end of each fiscal quarter of each fiscal year of Hortonworks (or, if earlier, within 5 days after filing with the SEC (without giving effect to any extension
permitted by the SEC)), the unaudited consolidated and consolidating (with cash holdings report) balance sheet of Hortonworks and its consolidated Subsidiaries as at the end of such fiscal quarter and the related unaudited consolidated and
consolidating (with cash holdings report) statements of income and of cash flows, together with total customer account and net expansion rate information, for such fiscal quarter and the portion of the fiscal year through the end of such fiscal
quarter, setting forth in each case in comparative form the figures for the previous year, certified by a Responsible Officer as being fairly stated in all material respects (subject to normal year-end audit
adjustments) (the foregoing notwithstanding (i) the format of any consolidating financial statements shall be subject to the mutual agreement of Hortonworks and the Administrative Agent (and the agreement of the Administrative Agent shall not
be unreasonably withheld), and (ii) in no event shall consolidating statements of cash flow be required to be delivered); and 

  
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 (c) Monthly Financial Statements. As soon as available, but in any event not later than 45
days after the end of each month occurring during each fiscal year of Hortonworks (other than any such month that is also the end of a fiscal quarter), the unaudited consolidated balance sheet of Hortonworks and its consolidated Subsidiaries as at
the end of such month and the related unaudited consolidated statements of income for such month and the portion of the fiscal year through the end of such month, setting forth in each case in comparative form the figures for the previous year,
certified by a Responsible Officer as being fairly stated in all material respects (subject to normal year-end audit adjustments). 

All such financial statements shall be prepared in accordance with GAAP applied (except (i) in the case of interim financial statements,
for year-end adjustments and the absence of footnotes, or (ii) as approved by such accountants or officer, as the case may be, and disclosed in reasonable detail therein) consistently throughout the
periods reflected therein and with prior periods. 
 Documents required to be delivered pursuant to this
Section 6.1 (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so, shall be deemed to have been delivered on the date on which the Borrower
posts such documents, or provides a link thereto, either: (i) on Hortonworks’ website on the Internet at the website address listed in Section 10.2; or (ii) when such documents are posted electronically on
Hortonworks’ behalf on an internet or intranet website to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent), if any; provided that:
(A) Hortonworks shall deliver paper copies of such documents to the Administrative Agent or any Lender upon its request to Hortonworks to deliver such paper copies until written request to cease delivering paper copies is given by the
Administrative Agent or such Lender; and (B) Hortonworks shall notify (which may be by facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any such documents and provide to the Administrative Agent by email
electronic versions (i.e. soft copies) of such documents. The Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no
responsibility to monitor compliance by Hortonworks with any such request by a Lender for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

6.2 Certificates; Reports; Other Information. Furnish (or, in the case of clause (a), use reasonable efforts to furnish) to the
Administrative Agent, for distribution to each Lender (or, in the case of clause (j), to the relevant Lender): 
 (a) concurrently with the
delivery of the financial statements referred to in Section 6.1(a), a certificate of the independent certified public accountants reporting on such financial statements stating that in making the examination necessary
therefor no knowledge was obtained of any Default or Event of Default arising from non-compliance with Section 7.1, except as specified in such certificate; 

(b) concurrently with the delivery of any financial statements pursuant to Section 6.1, (i) a certificate of a
Responsible Officer stating that, to such Responsible Officer’s knowledge, no Default or Event of Default has occurred and is continuing, except as specified in such certificate and (ii) (x) in the case of monthly or quarterly financial
statements, a Compliance Certificate containing all information and calculations necessary for determining compliance by each Group Member with the provisions of this Agreement referred to therein as of the last day of the month, fiscal quarter or
fiscal year of Hortonworks, as the case may be, and (y) to the extent not previously disclosed to the Administrative Agent, a description of any change in the jurisdiction of organization of any Loan Party and a list of any Intellectual
Property registered in the United States (or exclusive licenses in respect thereof) issued to or acquired by any Loan Party since the date of the most recent report delivered pursuant to this clause (y) (or, in the case of the first such report so
delivered, since the Closing Date); 

  
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 (c) as soon as available, and in any event no later than 60 days after the end of each fiscal
year of Hortonworks, a board-approved consolidated budget for the following fiscal year (including a projected consolidated balance sheet of Hortonworks and its Subsidiaries as of the end of each fiscal quarter and fiscal month of such fiscal year,
the related consolidated statements of projected changes in financial position and projected income and a description of the underlying assumptions applicable thereto), and, as soon as available, significant revisions, if any, of such budget and
projections with respect to such fiscal year (collectively, the “Projections”), which Projections shall in each case be accompanied by a certificate of a Responsible Officer stating that such Projections are based on
reasonable estimates, information and assumptions as of the date such Projections are delivered to the Administrative Agent (it being recognized by the Lenders that such financial information as it relates to future events is not to be viewed as
fact and that actual results during the period or periods covered by such financial information may differ from the projected results set forth therein by a material amount). 

(d) promptly, and in any event within five (5) Business Days after receipt thereof by any Loan Party or any Subsidiary thereof, copies of
each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or possible investigation or other inquiry by such agency
regarding financial or other operational results of any Loan Party or any Subsidiary thereof (other than routine comment letters from the staff of the SEC relating to the Borrower’s filings with the SEC); 

(e) within five days after the same are sent, copies of each annual report, proxy or financial statement or other material report that the
Borrower sends to the holders of any class of the Borrower’s debt securities or public equity securities and, within five days after the same are filed, copies of all annual, regular, periodic and special reports and registration statements
which the Borrower may file with the SEC under Section 13 or 15(d) of the Exchange Act, or with any national securities exchange, and not otherwise required to be delivered to the Administrative Agent pursuant hereto; 

(f) upon request by the Administrative Agent, within five days after the same are sent or received, copies of all correspondence, reports,
documents and other filings with any Governmental Authority regarding compliance with or maintenance of Governmental Approvals or Requirements of Law or that could reasonably be expected to have a Material Adverse Effect on any of the Governmental
Approvals or otherwise on the operations of the Group Members; 
 (g) concurrently with the delivery of the financial statements referred to
in Section 6.1(c), (A) monthly accounts receivable agings, aged by invoice date, (B) monthly accounts payable agings, aged by invoice date, and outstanding or held check registers, if any, and (C) if requested by
the Administrative Agent, monthly reconciliations of accounts receivable agings (aged by invoice date), Deferred Revenue report, and general ledger; 

(h) [reserved] 
 (i)
concurrently with the delivery of the financial statements referred to in Section 6.1(a), a report of a reputable insurance broker with respect to the insurance coverage required to be maintained pursuant to
Section 6.6, and, promptly following the request therefor, any supplemental reports with respect thereto which the Administrative Agent may reasonably request; 

  
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 (j) promptly, such additional financial and other information, including, without limitation, any
certification or other evidence confirming Borrower’s compliance with the terms of this Agreement, as the Administrative Agent or any Lender may from time to time reasonably request. 

Documents required to be delivered pursuant to Section 6.2(e) (to the extent any such documents are included in
materials otherwise filed with the SEC) may be delivered electronically and if so, shall be deemed to have been delivered on the date on which the Borrower posts such documents, or provides a link thereto, either: (i) on Hortonworks’
website on the Internet at the website address listed in Section 10.2; or (ii) when such documents are posted electronically on Hortonworks’ behalf on an internet or intranet website to which each Lender and the
Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent), if any; provided that: (A) Hortonworks shall deliver paper copies of such documents to the Administrative
Agent or any Lender upon its request to Hortonworks to deliver such paper copies until written request to cease delivering paper copies is given by the Administrative Agent or such Lender; and (B) Hortonworks shall notify (which may be by
facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any such documents and provide to the Administrative Agent by email electronic versions (i.e. soft copies) of such documents. The Administrative Agent
shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by Hortonworks with any such request by a Lender for delivery,
and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 
 6.3 Accounts
Receivable. 
 (a) [Reserved] 

(b) Disputes. The Borrower shall promptly notify the Administrative Agent of all material disputes or claims relating to Accounts. The
Borrower may forgive (completely or partially), compromise, or settle any Account for less than payment in full, or agree to do any of the foregoing so long as (i) the Borrower does so in good faith, in a commercially reasonable manner, in the
ordinary course of business, in arm’s-length transactions, and reports the same to the Administrative Agent in the regular reports provided to the Administrative Agent; and (ii) after taking into
account all such discounts, settlements and forgiveness, the aggregate Revolving Extensions of Credit then outstanding will not exceed the Available Revolving Commitments in effect at such time. 

(c) Collection of Accounts. The Borrower shall have the right to collect all Accounts of the Loan Parties; provided, however, if an
Event of Default has occurred and is continuing the Administrative Agent may exercise secured creditor default remedies, including in respect of all Accounts of the Loan Parties. All payments on, and proceeds of such Accounts be deposited directly
by the Borrower into a lockbox account, cash collateral account for electronic payments or such other “blocked accounts” as the Administrative Agent may specify, pursuant to a blocked account agreement in form and substance reasonably
satisfactory to the Administrative Agent its sole discretion (such account, the “Cash Collateral Account”). Whether or not an Event of Default has occurred and is continuing, the Borrower shall promptly (but in any event
within two (2) Business Days) deliver all payments on and proceeds of Accounts of the Loan Parties to the Cash Collateral Account to be transferred to an account of the Borrower maintained with the Administrative Agent; provided that, if an
Event of Default has occurred and is continuing the Administrative Agent may elect (in the exercise of its sole discretion) to apply proceeds of such Accounts to reduce the Obligations under the Revolving Credit Facility. 

(d) Returns. Upon the request of the Administrative Agent, the Borrower shall promptly provide the Administrative Agent with an
Inventory return history. 

  
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 (e) Verification. The Administrative Agent may, from time to time, (i) verify and
confirm directly with the respective Account Debtors the validity, amount and other matters relating to the Accounts, in any case in the name of such Loan Party or (if an Event of Default has occurred and is continuing) the Administrative Agent or
(if an Event of Default has occurred and is continuing) such other name as Administrative Agent may choose, and (if an Event of Default has occurred and is continuing) notify any Account Debtor of Administrative Agent’s security interest in
such Account and/or (ii) conduct a credit check of any Account Debtor to approve any such Account Debtor’s credit. 
 (f) No
Liability. The Administrative Agent shall not be responsible or liable for any shortage or discrepancy in, damage to, or loss or destruction of, any goods, the sale or other disposition of which gives rise to an Account, or for any error, act,
omission, or delay of any kind occurring in the settlement, failure to settle, collection or failure to collect any Account, or for settling any Account in good faith for less than the full amount thereof, nor shall the Administrative Agent be
deemed to be responsible for any of such Loan Party’s obligations under any contract or agreement giving rise to an Account. Nothing herein shall, however, relieve the Administrative Agent from liability for its own gross negligence or willful
misconduct. 
 6.4 Payment of Obligations. Pay, discharge or otherwise satisfy at or before maturity or before they become
delinquent, as the case may be, all its material obligations of whatever nature (or, in the case of any Indebtedness, prior to the date that non-compliance therewith would result in an Event of Default),
except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the relevant Group Member. 

6.5 Maintenance of Existence; Compliance. Each Group Member shall (a)(i) in the case of a Loan Party, or solely with respect to any
other Group Member to the extent the failure to comply herewith would not reasonably be expected to have a Material Adverse Effect, preserve, renew and keep in full force and effect its organizational existence and (ii) take all reasonable
action to maintain or obtain all Governmental Approvals and all other rights, privileges and franchises necessary or desirable in the normal conduct of its business or necessary for the performance by such Person of its Obligations under any Loan
Document, except, in each case, as otherwise permitted by Section 7.4 and except, in the case of clause (ii) above, to the extent that failure to do so could not reasonably be expected to have a Material Adverse
Effect; (b) comply with all Contractual Obligations (including with respect to leasehold interests of the Borrower) and Requirements of Law except to the extent that failure to comply therewith could not, in the aggregate, reasonably be
expected to have a Material Adverse Effect; and (c) comply with all Governmental Approvals, and any term, condition, rule, filing or fee obligation, or other requirement related thereto, except to the extent that, failure to do so could not
reasonably be expected to have a Material Adverse Effect. Without limiting the generality of the foregoing, the Borrower shall, and shall cause each of its ERISA Affiliates to: (1) maintain each Plan in compliance in all material respects with
the applicable provisions of ERISA, the Code or other Federal or state law; (2) cause each Qualified Plan to maintain its qualified status under Section 401(a) of the Code; (3) make all required contributions to any Plan; (4) not
become a party to any Multiemployer Plan; (5) ensure that all liabilities under each Plan are either (x) funded to at least the minimum level required by law or, if higher, to the level required by the terms governing such Plan;
(y) insured with a reputable insurance company; or (z) provided for or recognized in the financial statements most recently delivered to the Administrative Agent and the Lenders pursuant hereto; and (6) ensure that the contributions
or premium payments to or in respect of each Plan are and continue to be promptly paid at no less than the rates required under the rules of such Plan and in accordance with the most recent actuarial advice received in relation to such Plan and
applicable law. 

  
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 6.6 Maintenance of Property; Insurance. 

(a) Keep all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted; 

(b) maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at
least such risks as are usually insured against in the same general area by companies engaged in the same or a similar business; 
 (c) all
such insurance shall (i) provide that no cancellation, material reduction in amount or material change in coverage thereof shall be effective until at least 30 days after receipt by the Administrative Agent of written notice thereof,
(ii) name the Administrative Agent as an additional insured party or loss payee, (iii) to the extent available on commercially reasonable terms, and if reasonably requested by the Administrative Agent, include a breach of warranty clause
and (iv) be reasonably satisfactory in all other respects to the Administrative Agent. 
 6.7 Books and Records. Keep proper
books of records and account in which full, true and correct entries in conformity with GAAP and all Requirements of Law shall be made of all dealings and transactions in relation to its business and activities. 

6.8 Notices. Give prompt written notice to each of the Administrative Agent and each Lender of: 

(a) the occurrence of any Default or Event of Default; 

(b) any (i) default or event of default under any Contractual Obligation of any Group Member or (ii) litigation, investigation or
proceeding that may exist at any time between any Group Member and any Person, that in either case, as the case may be, could reasonably be expected to have a Material Adverse Effect; 

(c) any litigation or proceeding affecting any Group Member (i) in which the amount involved is $500,000 or more and not covered by
insurance, (ii) in which injunctive or similar relief is sought against any Group Member or (iii) which relates to any Loan Document; 

(d) (i) promptly after the Borrower has knowledge or becomes aware of the occurrence of any of the following ERISA Events affecting the
Borrower or any ERISA Affiliate (but in no event more than ten days after such event), the occurrence of any of the following ERISA Events, and shall provide the Administrative Agent with a copy of any notice with respect to such event that may be
required to be filed with a Governmental Authority and any notice delivered by a Governmental Authority to the Borrower or any ERISA Affiliate with respect to such event: (A) an ERISA Event, (B) the adoption of any new Pension Plan by the
Borrower or any ERISA Affiliate, (C) the adoption of any amendment to a Pension Plan, if such amendment will result in a material increase in benefits or unfunded benefit liabilities (as defined in Section 4001(a)(18) of ERISA), or
(D) the commencement of contributions by the Borrower or any ERISA Affiliate to any Plan that is subject to Title IV of ERISA or Section 412 of the Code; and 

(ii) (A) promptly after the giving, sending or filing thereof, or the receipt thereof, copies of (1) each Schedule B (Actuarial
Information) to the annual report (Form 5500 Series) filed by the Borrower or any of its ERISA Affiliates with the IRS with respect to each Pension Plan, (2) all notices received by the Borrower or any of its ERISA Affiliates from a
Multiemployer Plan sponsor concerning an ERISA Event, and (3) copies of such other documents or governmental reports or filings relating to any Plan as the Administrative Agent shall reasonably request; and (B), without limiting the generality
of the foregoing, such certifications or other evidence of compliance with the provisions of Sections 4.13 and 7.9 as any Lender (through the Administrative Agent) may from time to time reasonably request; 

  
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 (e) together with the Compliance Certificate, (i) any
non-ordinary course asset sales undertaken by any Group Member, and any incurrence by any Group Member of any Indebtedness (other than Indebtedness constituting Loans or intercompany Indebtedness permitted
under this Agreement) in a principal amount equaling or exceeding $1,000,000, and (ii) with respect to any such asset sale or incurrence of Indebtedness, the amount of any net cash proceeds received by such Group Member in connection therewith;

 (f) any material change in accounting policies or financial reporting practices by any Loan Party; 

(g) any development or event that has had or could reasonably be expected to have a Material Adverse Effect; and 

(h) promptly following the earlier to occur of written demand therefor or the occurrence thereof, any Casualty Event affecting all or
substantially all of the property of any Loan Party. 
 Each notice pursuant to this Section 6.8 shall be
accompanied by a statement of a Responsible Officer setting forth details of the occurrence referred to therein and stating what action the relevant Group Member proposes to take with respect thereto. 

6.9 Environmental Laws. 

Except to the extent the failure to do so could not reasonably be expected to result in a Material Adverse Effect: 

(a) Comply in all material respects with, and ensure compliance in all material respects by all tenants and subtenants, if any, with, all
applicable Environmental Laws, and obtain and comply in all material respects with and maintain, and ensure that all tenants and subtenants obtain and comply in all material respects with and maintain, any and all licenses, approvals, notifications,
registrations or permits required by applicable Environmental Laws. 
 (b) Conduct and complete all investigations, studies, sampling and
testing, and all remedial, removal and other actions required under Environmental Laws and promptly comply in all material respects with all lawful orders and directives of all Governmental Authorities regarding Environmental Laws. 

6.10 Operating Accounts. At all times following the Closing Date, maintain the Loan Parties’ primary depository and operating
accounts and securities accounts with SVB or with SVB’s Affiliates. 
 6.11 Audits. At reasonable times, on reasonable prior
written notice (provided that no notice is required if an Event of Default has occurred and is continuing), the Administrative Agent, or its agents, shall have the right to (a) inspect the Collateral and the right to audit and copy
any and all of any Loan Party’s books and records including ledgers, federal and state tax returns, records regarding assets or liabilities, the Collateral, business operations or financial condition, and all computer programs or storage or any
equipment containing such information and (b) to discuss the business, operations, properties and financial and other condition of the Group Members with officers and directors of the Group Members and, provided the Borrower shall be permitted
to be present, with their independent certified public 

  
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accountants. The foregoing inspections and audits shall be at the Borrower’s expense, and the charge therefor shall be $1,000 per person per day (or such higher amount as shall represent the
Administrative Agent’s then-current standard charge for the same), plus reasonable out-of-pocket expenses. Such inspections and audits shall not be undertaken more
frequently than once per year, unless an Event of Default has occurred and is continuing. 
 6.12 Additional Collateral, Etc. 

(a) With respect to any property (to the extent included in the definition of Collateral) acquired after the Closing Date by any Loan Party
(other than (x) any property described in paragraph (b), (c) or (d) below, and (y) any property subject to a Lien expressly permitted by Section 7.3(g)) as to which the Administrative Agent, for the
benefit of the Secured Parties, does not have a perfected Lien, promptly (and in any event within fifteen (15) Business Days) (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement or
such other documents as the Administrative Agent deems necessary or advisable to evidence that such Loan Party is a Guarantor and to grant to the Administrative Agent, for the ratable benefit of the Secured Parties, a security interest in such
property and (ii) take all actions necessary or advisable in the opinion of the Administrative Agent to grant to the Administrative Agent, for the ratable benefit of the Secured Parties, a perfected first priority (except as expressly permitted
by Section 7.3) security interest and Lien in such property, including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law
or as may be requested by the Administrative Agent. 
 (b) With respect to any fee interest in any real property having a value (together
with improvements thereof) of at least $1,000,000 acquired after the Closing Date by any Loan Party (other than any such real property subject to a Lien expressly permitted by Section 7.3(g)), promptly, to the extent
requested by the Administrative Agent, (i) execute and deliver a first priority (except as expressly permitted by Section 7.3) Mortgage, in favor of the Administrative Agent, for the ratable benefit of the Secured
Parties, covering such real property, (ii) if requested by the Administrative Agent, provide the Lenders with (x) title and extended coverage insurance covering such real property in an amount at least equal to the purchase price of such
real property (or such other amount as shall be reasonably specified by the Administrative Agent) as well as a current ALTA survey thereof, together with a surveyor’s certificate, and (y) any consents or estoppels reasonably deemed
necessary or advisable by the Administrative Agent in connection with such Mortgage, each of the foregoing in form and substance reasonably satisfactory to the Administrative Agent and (iii) if requested by the Administrative Agent, deliver to
the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. In connection with the foregoing, no later than
twenty (20) Business Days prior to the date on which a Mortgage is executed and delivered pursuant to this Section 6.12, in order to comply with the Flood Laws, the Administrative Agent (for delivery to each Lender)
shall have received the following documents (collectively, the “Flood Documents”): (A) a completed standard “life of loan” flood hazard determination form (a “Flood Determination Form”) and
such other documents as any Lender may reasonably request to complete its flood due diligence, (B) if the improvement(s) to the applicable improved real property is located in a special flood hazard area, a notification to the applicable Loan
Party (“Loan Party Notice”) and (if applicable) notification to the applicable Loan Party that flood insurance coverage under the National Flood Insurance Program (“NFIP”) is not available because the
community does not participate in the NFIP, (C) documentation evidencing the applicable Loan Party’s receipt of the Loan Party Notice (e.g., countersigned Loan Party Notice, return receipt of certified U.S. Mail, or overnight delivery),
and (D) if the Loan Party Notice is required to be given and, to the extent flood insurance is required by any applicable Requirement of Law or any Lenders’ written regulatory or compliance procedures and flood insurance is available in
the community in which the property is 

  
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located, a copy of one of the following: the flood insurance policy, the applicable Loan Party’s application for a flood insurance policy plus proof of premium payment, a declaration page
confirming that flood insurance has been issued, or such other evidence of flood insurance that complies with all applicable laws and regulations reasonably satisfactory to the Administrative Agent and each Lender (any of the foregoing being
“Evidence of Flood Insurance”). Notwithstanding anything contained herein to the contrary, no Mortgage will be executed and delivered until each Lender has confirmed to the Administrative Agent that such Lender has
satisfactorily completed its flood insurance due diligence and compliance requirements. 
 (c) With respect to any new direct or indirect
Subsidiary (other than an Excluded Subsidiary) created or acquired after the Closing Date by any Loan Party (including pursuant to a Permitted Acquisition or any Subsidiary that ceases to be an Immaterial Subsidiary), promptly (and in any event
within fifteen (15) Business Days) (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement as the Administrative Agent deems necessary or advisable to grant to the Administrative Agent,
for the ratable benefit of the Secured Parties, a perfected first priority (except as expressly permitted by Section 7.3) security interest in the Capital Stock of such new Subsidiary that is owned directly or indirectly by
such Loan Party (to the extent such Capital Stock constitutes Collateral), (ii) deliver to the Administrative Agent such documents and instruments as may be required to grant, perfect, protect and ensure the priority of such security interest,
including but not limited to, the certificates representing such Capital Stock (to the extent certificated), together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the relevant Loan Party,
(iii) cause such new Subsidiary (A) to become a party to the Guarantee and Collateral Agreement, (B) to take such actions as are necessary or advisable in the opinion of the Administrative Agent to grant to the Administrative Agent
for the benefit of the Secured Parties a perfected first priority (except as expressly permitted by Section 7.3) security interest in the Collateral described in the Guarantee and Collateral Agreement, with respect to such
Subsidiary, including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent and (C) to deliver
to the Administrative Agent a certificate of such Subsidiary, in a form reasonably satisfactory to the Administrative Agent, with appropriate insertions and attachments, and (iv) if requested by the Administrative Agent, deliver to the
Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. 

(d) With respect to any new Excluded Subsidiary created or acquired after the Closing Date by any Loan Party, promptly (i) execute and
deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement, as the Administrative Agent deems necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured Parties, a perfected first
priority (except as expressly permitted by Section 7.3) security interest in the Capital Stock of such new Excluded Subsidiary that is owned by any such Loan Party (to the extent such Capital Stock constitutes Collateral),
(ii) deliver to the Administrative Agent the certificates representing such Capital Stock (if any), together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the relevant Loan Party, and take such other
action (including, as applicable, the delivery of any foreign law pledge documents reasonably requested by the Administrative Agent) as may be necessary or, in the opinion of the Administrative Agent, desirable to perfect the Administrative
Agent’s security interest therein, and (iii) if reasonably requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and substance,
and from counsel, reasonably satisfactory to the Administrative Agent. 
 (e) At the request of the Administrative Agent, each Loan Party
shall use commercially reasonable efforts to obtain a landlord’s agreement or bailee letter, as applicable, from the lessor of each material leased property or material bailee with respect to any warehouse, processor or

  
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converter facility or other location where Collateral is stored or located, which agreement or letter shall contain a waiver or subordination of all Liens or claims that the landlord or bailee
may assert against the Collateral at that location, and shall otherwise be reasonably satisfactory in form and substance to the Administrative Agent. Each Loan Party shall pay and perform its material obligations under all leases and other
agreements with respect to each leased location or public warehouse where any Collateral is or may be located to the extent the failure to do so could reasonably be expected to result in a Material Adverse Effect. 

6.13 [Reserved]. 

6.14 Use of Proceeds. Use the proceeds of each credit extension only for the purposes specified in
Section 4.16. 
 6.15 Designated Senior Indebtedness. Cause the Loan Documents and all of the Obligations
(other than any such Obligations arising in connection with Cash Management Services) to be deemed “Designated Senior Indebtedness” or a similar concept thereto, if applicable, for purposes of any Indebtedness of the Loan Parties. 

6.16 Anti-Corruption Laws. Conduct its business in compliance in all material respects with all applicable anti-corruption laws and
maintain policies and procedures designated to promote and achieve compliance with such laws. 
 6.17 Further Assurances. Execute any
further instruments and take such further action as the Administrative Agent reasonably deems necessary to perfect, protect, ensure the priority of or continue the Administrative Agent’s Lien on the Collateral or to effect the purposes of this
Agreement. 
 SECTION 7 

NEGATIVE COVENANTS 
 The
Borrower hereby agrees that, at all times prior to the Discharge of Obligations, the Borrower shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly: 

7.1 Financial Condition Covenants. 

(a) Non-GAAP Operating Profit (Loss). Permit Non-GAAP
Operating Profit (Loss) for any period of four consecutive trailing quarters ended on the last day of any quarter ending (i) September 30, 2017, (ii) December 31, 2017, (iii) March 31, 2018, (iv) June 30, 2018, (v)
September 30, 2018 and (vi) December 31, 2018 to be less than the corresponding quarterly amount indicated in the “Non-GAAP Operating Profit (Loss)” row in the Hortonworks Projections,
dated as of October 5, 2017, provided to the Administrative Agent. For each fiscal quarter ending after December 31, 2018 and after December 31, 2019 respectively, minimum Non-GAAP Operating
Profit (Loss) covenant thresholds shall be agreed by the Administrative Agent and the Borrower based on Borrower’s board-approved Projections delivered pursuant to Section 6.2(c) for the fiscal year ending December 31, 2019 and
December 31, 2020 respectively; provided that failure to provide such Projections or to reach agreement on such covenant thresholds on or prior to March 31 of such fiscal year shall be an immediate Event of Default. The agreement of the
Administrative Agent to establish covenant levels for the 2019 and 2020 fiscal years shall not be unreasonably withheld or delayed and shall otherwise be determined on the basis and using the methodology employed when establishing the minimum Non-GAAP Operating Profit (Loss) covenant thresholds for the prior fiscal year. 

  
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 (b) Adjusted Quick Ratio. Permit the Adjusted Quick Ratio as at the last day of any month,
commencing on September 30, 2017, to be less than the ratio indicated in the “Minimum Adjusted Quick Ratio” row in the Hortonworks Projections, dated as of October 5, 2017, provided to the Administrative Agent. 

(c) Minimum Cash on Hand. Permit unrestricted cash or Cash Equivalents of the Loan Parties held in Deposit Accounts or Securities
Accounts maintained with the Administrative Agent (or any Affiliate) at any time, to be less than $15,000,000. 
 7.2 Indebtedness.
Create, issue, incur, assume, become liable in respect of or suffer to exist any Indebtedness, except: 
 (a) Indebtedness of any Loan Party
pursuant to any Loan Document, including, for the avoidance of doubt, under any Cash Management Agreement; 
 (b) Indebtedness of
(i) any Loan Party owing to any other Loan Party; (ii) any Group Member (which is not a Loan Party) owing to any other Group Member (which is not a Loan Party); (iii) any Group Member (which is not a Loan Party) owing to any Loan Party in
an aggregate principal amount (together with amounts permitted by Section 7.7(f)(iii), not to exceed $25,000,000 in any fiscal year (excluding for these purposes, to the extent constituting Indebtedness, non-cash cost sharing allocations made among Group Members); provided, that, (A) for all periods after November 15, 2016, such Indebtedness owing to a Loan Party is evidenced by a master promissory
note and such promissory note is pledged as Collateral, (B) no Event of Default exists or would result from the incurrence of such Indebtedness and (C) such Indebtedness shall not exceed (together with amounts permitted by
Section 7.7(f)(iii)) the amount necessary to fund the current operating expenses, working capital requirements and start-up and build-out
costs) of such Group Member (which is not a Loan Party) (taking into account their revenue from other sources); and (iv) any Loan Party owing to any Group Member (which is not a Loan Party); provided that such Indebtedness is
subordinated to the Obligations on terms and conditions reasonably acceptable to the Administrative Agent; 
 (c) Guarantee Obligations
(i) of any Loan Party of the Indebtedness of any other Group Member; (ii) of any Group Member (which is not a Loan Party) of the Indebtedness of any Loan Party; or (iii) by any Group Member (which is not a Loan Party) of the
Indebtedness of any other Group Member (which is not a Loan Party), provided that, in any case (i), (ii) or (iii), the Indebtedness so guaranteed is otherwise permitted by the terms hereof; 

(d) Indebtedness outstanding on the date hereof and listed on Schedule 7.2(d) and any refinancings, refundings,
renewals or extensions thereof (which do not shorten the maturity thereof or increase the principal amount thereof, except by any amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in
connection therewith); 
 (e) Indebtedness (including, without limitation, Capital Lease Obligations) secured by Liens permitted by
Section 7.3(g) in an aggregate principal amount not to exceed $2,000,000 at any one time outstanding and any refinancings, refundings, renewals or extensions thereof (which do not shorten the maturity thereof or increase
the principal amount thereof, except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection therewith); 

(f) (i) Surety Indebtedness incurred in the ordinary course of business; (ii) Indebtedness consisting of the financing of insurance
premiums; and (iii) any Indebtedness in respect of letters of credit, banker’s acceptances or similar arrangements, provided that the aggregate amount of any 

  
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such Indebtedness outstanding in reliance upon this Section 7.2(f)(iii) at any time shall not exceed (A) if in respect of the Loan Parties, in addition to any such
Indebtedness incurred in favor of a Lender, $500,000, and (B) if in respect of Subsidiaries of Hortonworks that are not Loan Parties, $500,000; 

(g) to the extent not incurred pursuant to a Cash Management Agreement, Indebtedness in respect of netting services, automatic clearinghouse
arrangements, overdraft facilities, employee credit card programs and other cash management services established and repaid in the ordinary course of business and any guarantees thereof; provided that the aggregate amount of any such
Indebtedness not provided by the Administrative Agent, a Lender or an Affiliate of the Administrative Agent or a Lender that is outstanding at any time shall not exceed (A) if in respect of the Loan Parties, $500,000, and (B) if in respect
of Subsidiaries of Hortonworks that are not Loan Parties, $500,000; 
 (h) other Indebtedness of the Borrower and its Subsidiaries in an
aggregate principal amount, for all such Indebtedness taken together, not to exceed $1,500,000 at any one time outstanding; 
 (i)
obligations (contingent or otherwise) of the Borrower or any of its Subsidiaries existing or arising under any Specified Swap Agreement, provided that such obligations are (or were) entered into by such Person in accordance with
Section 7.13 and not for purposes of speculation; 
 (j) other than funded bank Indebtedness, Indebtedness of a
Person (other than the Borrower or a Subsidiary) existing at the time such Person is merged with or into a Borrower or a Subsidiary or becomes a Subsidiary, and any refinancings, refundings, renewals or extensions thereof (which do not shorten the
maturity thereof or increase the principal amount thereof, except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection therewith), provided that (i) such
Indebtedness was not, in any case, incurred by such other Person in connection with, or in contemplation of, such merger or acquisition, (ii) such merger or acquisition constitutes a Permitted Acquisition, and (iii) with respect to any
such Person who becomes a Subsidiary, (A) such Subsidiary is the only obligor in respect of such Indebtedness, and (B) to the extent such Indebtedness is permitted to be secured hereunder, only the assets of such Subsidiary secure such
Indebtedness; 
 (k) Indebtedness consisting of (i) unsecured contingent obligations under performance bonds, bankers’
acceptances, workers’ compensation claims, surety, bid or appeal bonds, completion guarantees and payment obligations in connection with self-insurance or similar obligations provided by any Person in the ordinary course of business, and
(ii) customary indemnity obligations entered into in the ordinary course of business, including in connection with any Permitted Acquisition or Disposition or the incurrence of Indebtedness or the issuance of Capital Stock, in any case to the
extent subject transaction is otherwise permitted hereby; and 
 (l) Indebtedness in the form of earn-outs, seller debt or deferred purchase
obligations representing acquisition consideration or deferred obligations of a similar nature incurred in connection with any Permitted Acquisition or other Investment permitted by Section 7.8 (collectively,
“Deferred Payment Obligations”) in an aggregate amount not to exceed $2,000,000 at any time outstanding; 

provided, that, immediately prior to the incurrence of any Indebtedness of a Group Member (that is not a Loan Party) which is owed to a Loan
Party, the amount of unrestricted cash and Cash Equivalents of the Loan Parties held at such time in Deposit Accounts or Securities Accounts maintained with the Administrative Agent (or an Affiliate thereof) or subject to a Control Agreement in
favor of the Administrative Agent shall be at least 70% of the aggregate amount of cash and Cash Equivalents of the Group Members; provided further that, Borrower shall have three (3) Business Days’ to comply with such threshold prior the
occurrence of an Event of Default. 

  
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 7.3 Liens. Create, incur, assume or suffer to exist any Lien upon any of its property,
whether now owned or hereafter acquired, except: 
 (a) Liens for taxes not yet delinquent or that are being contested in good faith by
appropriate proceedings; provided that adequate reserves with respect thereto are maintained on the books of the applicable Group Member in conformity with GAAP; 

(b) carriers’, warehousemen’s, landlord’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in
the ordinary course of business that are not overdue for a period of more than 30 days or that are being contested in good faith by appropriate proceedings or with respect to which the failure to make payment would not reasonably be expected to
result in a liability in excess of $500,000 in the aggregate; 
 (c) (i) pledges or deposits in connection with workers’ compensation,
unemployment insurance and other social security legislation; and (ii) pledges or deposits securing liability for reimbursement or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the
benefit of) insurance carriers providing property, liability or other insurance to Hortonworks or any Subsidiary; 
 (d) deposits to secure
the performance of bids, trade contracts (other than for borrowed money), leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business (other than for
indebtedness or any Liens arising under ERISA); 
 (e) easements,
rights-of-way, restrictions and other similar encumbrances incurred in the ordinary course of business that, in the aggregate, are not substantial in amount and that do
not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Group Member; 

(f) Liens in existence on the date hereof listed on Schedule 7.3(f); provided that (i) no such Lien is spread to cover any
additional property after the Closing Date, (ii) the amount of Indebtedness secured or benefitted thereby is not increased, except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably
incurred, in connection therewith, (iii) the direct or any contingent obligor with respect thereto is not changed, and (iv) any renewal or extension of the obligations secured thereby is permitted by
Section 7.2(d); 
 (g) Liens securing Indebtedness incurred pursuant to Section 7.2(e)
to finance the acquisition of fixed or capital assets; provided that (i) such Liens shall be created substantially simultaneously with the acquisition of such fixed or capital assets (or in connection with a prior financing with a common
creditor), (ii) such Liens do not at any time encumber any property other than the property financed by such Indebtedness and any other property financed by a common creditor, and (iii) except as permitted by Section 7.2(e), the
amount of Indebtedness secured thereby is not increased; 
 (h) Liens created pursuant to the Security Documents; 

(i) (i) any interest or title of a lessor or licensor under any lease or license entered into by a Group Member in the ordinary course of its
business and covering only the assets so leased or licensed, and (ii) non-exlusive licenses of Intellectual Property issued in the ordinary course of business; 

  
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 (j) judgment Liens that do not constitute a Default or an Event of Default under
Section 8.1(h) of this Agreement, including notices of lis pendens and other similar actions related to litigation or other controversies; 

(k) bankers’ Liens, rights of setoff and other similar Liens existing solely with respect to cash, Cash Equivalents, securities,
commodities and other funds on deposit in one or more accounts maintained by a Group Member, in each case arising in the ordinary course of business in favor of banks, other depositary institutions, securities or commodities intermediaries or
brokerages with which such accounts are maintained securing amounts contemplated by Section 7.2(g) or that are otherwise owing to such banks or financial institutions with respect to cash management and operating account
management or are arising under Section 4-208 or 4-210 of the UCC on items in the course of collection (or any analogous provisions under foreign (non-U.S.) law); 
 (l) (i) cash deposits and liens on cash and Cash Equivalents pledged to secure
Indebtedness permitted under Section 7.2(f), (ii) Liens securing reimbursement obligations with respect to letters of credit permitted by Section 7.2(f) that encumber documents and other property
relating to such letters of credit, and (iii) Liens securing Obligations under any Specified Swap Agreements permitted by Section 7.2(i); 

(m) Liens on property of a Person existing at the time such Person is acquired by, merged into or consolidated with a Group Member or becomes
a Subsidiary of a Group Member or acquired by a Group Member; provided that (i) such Liens were not created in contemplation of such acquisition, merger, consolidation or Investment, (ii) such Liens do not extend to any assets other
than those of such Person, and (iii) the applicable Indebtedness secured by such Lien is permitted under Section 7.2; 

(n) the replacement, extension or renewal of any Lien permitted by clause (m) above upon or in the same property theretofore subject
thereto or the replacement, extension or renewal of the Indebtedness secured thereby (to the extent permitted under Section 7.2); 

(o) assignments of insurance or condemnation proceeds provided to landlords (or their mortgagees) pursuant to the terms of any lease; 

(p) Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto; and 

(q) Liens not otherwise permitted by this Section so long as neither (i) the aggregate outstanding principal amount of the
obligations secured thereby nor (ii) the aggregate fair market value (determined as of the date such Lien is incurred) of the assets subject thereto exceeds (as to all Group Members) $1,500,000 at any one time. 

7.4 Fundamental Changes. Consummate any merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any
liquidation or dissolution), or Dispose of all or substantially all of its property or business, except that: 
 (a) (i) any Loan Party may
be merged or consolidated with or into another Loan Party (provided that if such transaction involves the Borrower, the Borrower is the surviving entity); and (ii) any Subsidiary that is not a Loan Party may be merged or consolidated with or
into (A) another Subsidiary that is not a Loan Party or (B) a Loan Party (provided that a Loan Party is the surviving entity); 

  
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 (b) any Subsidiary of Hortonworks may Dispose of any or all of its assets (i) pursuant to
any liquidation or other transaction that results in the assets of such Subsidiary being transferred to the Borrower or any other Group Member (provided that (A) if the transferor Subsidiary is a Loan Party then the transferee Subsidiary shall
be a Loan Party and (B) if the transferor Subsidiary is a wholly-owned Subsidiary then the transferee Subsidiary shall be a wholly-owned Subsidiary), or (ii) pursuant to a Disposition permitted by Section 7.5; and

 (c) any Investment expressly permitted by Section 7.8 may be structured as a merger, consolidation or
amalgamation. 
 7.5 Disposition of Property. Dispose of any of its property, whether now owned or hereafter acquired, or, in the
case of any Subsidiary of Hortonworks, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except: 
 (a)
Dispositions of surplus, obsolete or worn out property in the ordinary course of business; 
 (b) Dispositions of Inventory in the ordinary
course of business; 
 (c) Dispositions permitted by Section 7.4(a) or clause (i) of
Section 7.4(b); 
 (d) the sale or issuance of the Capital Stock of any Subsidiary of Hortonworks (i) to the
Borrower, any other Loan Party, another Subsidiary, or in order to qualify members of the governing body of such Subsidiary (if required by applicable law), or (ii) in connection with any transaction that does not result in a Change of Control;

 (e) the use or transfer of money or Cash Equivalents in a manner that is not prohibited by the terms of this Agreement or the other Loan
Documents; 
 (f) (i) the non-exclusive licensing of patents, trademarks, copyrights, and other
Intellectual Property rights in the ordinary course of business, and (ii) the dedication to public use of Intellectual Property rights in the ordinary course of business; 

(g) the Disposition of property (i) from any Loan Party to any other Loan Party, and (ii) from any Group Member (which is not a Loan
Party) to any other Group Member; 
 (h) Dispositions of property subject to a Casualty Event; 

(i) (i) leases or subleases of Real Property, and (ii) the granting, creation or existence of a Permitted Lien; 

(j) the sale or discount without recourse of accounts receivable arising in the ordinary course of business in connection with the compromise
or collection thereof; provided that any such sale or discount is undertaken in accordance with Section 6.3(b); 

(k) (i) any abandonment, cancellation, non-renewal or discontinuance of use or maintenance of
Intellectual Property (or rights relating thereto) of any Group Member that the Borrower determines in good faith is desirable in the conduct of its business and not materially disadvantageous to the interests of the Lenders, and (ii) the
settlement, release or surrender of other claims in the ordinary course of business; and 

  
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 (l) Dispositions of other property having a fair market value not to exceed $1,000,000 in the
aggregate for any fiscal year of the Borrower; provided that at the time of any such Disposition, no Event of Default shall have occurred and be continuing or would result from such Disposition. 

provided, however, that any Disposition made pursuant to this Section 7.5 (other than in
respect of Dispositions pursuant to 7.5(f)(ii)) shall be made in good faith on an arm’s length basis for fair value (as reasonably determined by the Borrower). 

7.6 Restricted Payments. Make any payment or prepayment of principal of, premium, if any, or interest on, or redemption, purchase,
retirement, defeasance (including in-substance or legal defeasance), sinking fund or similar payment with respect to, any Subordinated Indebtedness, pay any Deferred Payment Obligations, declare or pay any
dividend (other than dividends payable solely in common stock of the Person making such dividend) on, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, defeasance, retirement
or other acquisition of, any Capital Stock of any Group Member, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of any Group Member
(collectively, “Restricted Payments”), except that: 
 (a) any Group Member (other than Hortonworks) may make
Restricted Payments to its equityholders on a ratable basis; 
 (b) each Loan Party may purchase Capital Stock from present or former
directors, officers or employees of any Group Member (or their respective spouses, former spouses, successors, executors, administrators, heirs, legatees or distributees); provided that (i) the aggregate amount of payments made under
this clause (b) shall not exceed 1,000,000 during any fiscal year of Hortonworks, and (ii) no Event of Default shall have occurred and be continuing or would result therefrom; 

(c) each Group Member may purchase, redeem or otherwise acquire Capital Stock issued by it with the proceeds received from the substantially
concurrent issue of new shares of its Capital Stock (other than Disqualified Stock); provided that any such issuance is otherwise permitted hereunder (including by Section 7.5(d)); 

(d) (i) each Group Member may make repurchases of Capital Stock deemed to occur upon exercise of stock options or warrants if such repurchased
Capital Stock represents a portion of the exercise price of such options or warrants, and (ii) repurchases of Capital Stock deemed to occur upon the withholding of a portion of the Capital Stock granted or awarded to a current or former
officer, director, employee or consultant to pay for the taxes payable by such Person upon such grant or award (or upon vesting thereof); 

(e) each Group Member may deliver its Capital Stock (other than Disqualified Stock) upon conversion of any convertible Indebtedness having
been issued by any such Group Member; provided that such Indebtedness is otherwise permitted by Section 7.2; 

(f) to the extent constituting Subordinated Indebtedness, payments on intercompany Indebtedness owing between or among Group Members to the
extent permitted by the applicable subordination agreement; and 
 (g) the Group Members may make payments in respect of Deferred Payment
Obligations so long as (x) immediately before and immediately after giving effect to any payment, no Default or Event of Default shall have occurred and be continuing and (y) immediately after giving effect

  
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to payment, the Group Members shall be in compliance with each of the covenants set forth in Section 7.1, which give effect, on a Pro Forma Basis, to such payment;
provided that the Group Members shall be permitted to make payments of up to $250,000 in the aggregate of Deferred Purchase Obligations without restriction. 

7.7 [Reserved]. 
 7.8
Investments. Make any advance, loan, extension of credit (by way of guarantee or otherwise) or capital contribution to, or purchase any Capital Stock, bonds, notes, debentures or other debt securities of, or any assets constituting a business
unit of, or make any other investment in, any Person (all of the foregoing, “Investments”), except: 
 (a)
extensions of trade credit in the ordinary course of business; 
 (b) Investments in cash (including demand deposit accounts) and Cash
Equivalents; 
 (c) Guarantee Obligations permitted by Section 7.2; 

(d) loans and advances to employees of any Group Member in the ordinary course of business (including for travel, entertainment and relocation
expenses but excluding commission advances paid in the ordinary course of business) in an aggregate amount for all Group Members not to exceed $100,000 at any one time outstanding; 

(e) Investments which are required in order to maintain a minimum net capital requirement or as may otherwise be required by applicable law;
provided that any such cash Investments shall not to exceed $500,000 per fiscal year; 
 (f) intercompany Investments by (i) any Group
Member in a Loan Party; (ii) any Group Member (which is not a Loan Party) in any other Group Member (which is not a Loan Party); and (iii) so long as no Default or Event of Default shall have occurred and be continuing immediately before
and after giving effect thereto, any Loan Party to Group Member (which is not a Loan Party); provided that with respect to Investments made in reliance upon this clause (iii) (A) the aggregate amount of all such Investments (including,
without limitation, transactions contemplated by Section 7.2(b)(iii)) shall not exceed $25,000,000 in any fiscal year (excluding for these purposes, to the extent constituting Investments,
non-cash cost sharing allocations made among Group Members) and (B) such Investments (together with transactions contemplated by Section 7.2(b)(iii)) shall not to exceed the
amount necessary to fund the current operating expenses, working capital requirements and start-up and build-out costs of such Group Member (which is not a Loan Party)
(taking into account their revenue from other sources); 
 (g) Investments in the ordinary course of business consisting of endorsements of
negotiable instruments for collection or deposit; 
 (h) Investments received in settlement of amounts due to any Group Member effected in
the ordinary course of business or owing to such Group Member as a result of Insolvency Proceedings involving an account debtor or upon the foreclosure or enforcement of any Lien in favor of such Group Member; 

(i) Investments held by any Person as of the date such Person is acquired in connection with a Permitted Acquisition, provided that
(A) such Investments were not made, in any case, by such Person in connection with, or in contemplation of, such Permitted Acquisition, and (B) with respect to any such Person which becomes a Loan Party as a result of such Permitted
Acquisition, a Loan Party remains the only holder of such Investment; 

  
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 (j) in addition to Investments otherwise expressly permitted by this Section, Investments by the
Group Members the aggregate amount of all of which Investments (valued at cost) does exceed $1,000,000 during any fiscal year of the Borrower; 

(k) prepaid expenses and deposits made to secure the performance of leases, licenses or obligations arising in the ordinary course of
business, and other deposits made in connection with the incurrence of Liens permitted under Section 7.3; 
 (l)
Investments arising in connection with Specified Swap Contracts; 
 (m) promissory notes and other
non-cash consideration received in connection with Dispositions permitted by Section 7.5, to the extent not exceeding the limits specified therein with respect to the receipt of non-cash consideration in connection with such Dispositions; and 
 (n) purchases or other acquisitions by
any Group Member of the Capital Stock in a Person that, upon the consummation thereof, will be a Subsidiary (including as a result of a merger or consolidation) or all or substantially all of the assets of, or assets constituting one or more
business units of, any Person (each, a “Permitted Acquisition”); provided that, with respect to each such purchase or other acquisition: 

(i) the newly-created or acquired Subsidiary (or assets acquired in connection with such asset sale) shall be (x) in the same or a
related line of business as that conducted by the Borrower on the date hereof, or (y) in a business that is ancillary to and in furtherance of the line of business as that conducted by the Borrower on the date hereof; 

(ii) all transactions related to such purchase or acquisition shall be consummated in all material respects in accordance with all
Requirements of Law; 
 (iii) no Loan Party shall, as a result of or in connection with any such purchase or acquisition, assume or incur
any direct or contingent liabilities (whether relating to environmental, tax, litigation or other matters) that, as of the date of such purchase or acquisition, could reasonably be expected to result in the existence or incurrence of a Material
Adverse Effect (as reasonably determined in good faith by the Borrower); 
 (iv) the Borrower shall give the Administrative Agent at least
five (5) Business Days’ prior written notice of any such purchase or acquisition; 
 (v) the Borrower shall provide to the
Administrative Agent as soon as available but in any event not later than five (5) Business Days after the execution thereof, a copy of any executed purchase agreement or similar agreement with respect to any such purchase or acquisition; 

(vi) any such newly-created or acquired Subsidiary, or the Loan Party that is the acquirer of assets in connection with an asset acquisition,
shall comply (within the timelines specified therein) with the requirements of Section 6.12, except to the extent compliance with Section 6.12 is prohibited by
pre-existing Contractual Obligations or Requirements of Law binding on such Subsidiary or its properties; 

(vii) [reserved] 

  
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 (viii) (x) immediately before and immediately after giving effect to any such purchase or other
acquisition, no Default or Event of Default shall have occurred and be continuing and (y) immediately after giving effect to such purchase or other acquisition, the Borrower and its Subsidiaries shall be in compliance with each of the covenants
set forth in Section 7.1, based upon financial statements delivered to the Administrative Agent which give effect, on a Pro Forma Basis, to such acquisition or other purchase; 

(ix) the Borrower shall not, based upon the knowledge of the Borrower as of the date any such acquisition or other purchase is consummated,
reasonably expect such acquisition or other purchase to result in a Default or an Event of Default under Section 8.1(c), at any time during the term of this Agreement, as a result of a breach of any of the financial
covenants set forth in Section 7.1; 
 (x) no Indebtedness is assumed or incurred in connection with any such
purchase or acquisition other than Indebtedness permitted by the terms of Section 7.2(j); 
 (xi) such purchase
or acquisition shall not constitute an Unfriendly Acquisition; 
 (xii) the aggregate amount of the cash consideration paid by all Group
Members in connection with all such Permitted Acquisitions consummated from and after the Closing Date shall not exceed $10,000,000; and 

(xiii) each such Permitted Acquisition is of a Person in which the acquiror is permitted to engage pursuant to
Section 7.17; 
 (xiv) the Borrower shall have delivered to the Administrative Agent, at least five Business Days
prior to the date on which any such purchase or other acquisition is to be consummated (or such later date as is agreed by the Administrative Agent in its sole discretion), a certificate of a Responsible Officer, in form and substance reasonably
satisfactory to the Administrative Agent, certifying that all of the requirements set forth in this definition have been satisfied or will be satisfied on or prior to the consummation of such purchase or other acquisition; 

provided, that, immediately prior to any Investment of a Loan Party in any Group Member (that is not a Loan Party), the amount of unrestricted
cash and Cash Equivalents of the Loan Parties held at such time in Deposit Accounts or Securities Accounts maintained with the Administrative Agent (or an Affiliate thereof) or subject to a Control Agreement in favor of the Administrative Agent
shall be at least 70% of the aggregate amount of cash and Cash Equivalents of the Group Members; provided further that, Borrower shall have three (3) Business Days’ to comply with such threshold prior the occurrence of an Event of Default.

 7.9 ERISA. The Borrower shall not, and shall not permit any of its ERISA Affiliates to: (a) terminate any Pension Plan so as
to result in any material liability to the Borrower or any ERISA Affiliate that could reasonably be expected to result in a Material Adverse Effect, (b) permit to exist any ERISA Event, or any other event or condition, which presents the risk
of a material liability to any ERISA Affiliate, (c) make a complete or partial withdrawal (within the meaning of ERISA Section 4201) from any Multiemployer Plan so as to result in any material liability to the Borrower or any ERISA
Affiliate, (d) enter into any new Plan or modify any existing Plan so as to increase its obligations thereunder which could result in any material liability to any ERISA Affiliate, (e) permit the present value of all nonforfeitable accrued
benefits under any Plan (using the actuarial assumptions utilized by the PBGC upon termination of a Plan) materially to exceed the fair market value of Plan assets allocable to such benefits, all determined as of the most recent valuation date for
each such Plan, or (f) engage in any 

  
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transaction which would cause any obligation, or action taken or to be taken, hereunder (or the exercise by the Administrative Agent or any Lender of any of its rights under this Agreement, any
Note or the other Loan Documents) to be a non-exempt (under a statutory or administrative class exemption) prohibited transaction under ERISA or Section 4975 of the Code. 

7.10 Optional Payments and Modifications of Certain Preferred Stock and Debt Instruments. (a) Amend, modify, waive or otherwise change,
or consent or agree to any amendment, modification, waiver or other change to, any of the terms of the Preferred Stock (i) that would move to an earlier date the scheduled redemption date or increase the amount of any scheduled redemption
payment or increase the rate or move to an earlier date any date for payment of dividends thereon or (ii) that would be otherwise materially adverse to any Lender or any other Secured Party; or (b) amend, modify, waive or otherwise change,
or consent or agree to any amendment, modification, waiver or other change to, any of the terms of any Subordinated Indebtedness permitted by Section 7.2 (other than Indebtedness pursuant to any Loan Document) that would
shorten the maturity or increase the amount of any payment of principal thereof or the rate of interest thereon or shorten any date for payment of interest thereon or that would be otherwise materially adverse to any Lender or any other Secured
Party. 
 7.11 Transactions with Affiliates. Enter into any transaction, including any purchase, sale, lease or exchange of property,
the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate (other than any other Loan Party) unless such transaction is (a) otherwise permitted under this Agreement, including, without
limitation, (i) the payment of customary fees and reasonable out-of-pocket costs to, and indemnities provided on behalf of, directors, officers, and employees of a
Group Member, and (ii) reasonable employment and severance arrangements between a Group Member and its officers and directors, (b) upon fair and reasonable terms no less favorable (taken as a whole) to the relevant Group Member than it
could reasonably be expected to obtain in a comparable arm’s length transaction with a Person that is not an Affiliate, or (c) disclosed on Schedule 7.11. 

7.12 Sale Leaseback Transactions. Enter into any Sale Leaseback Transaction. 

7.13 Swap Agreements. Enter into any Swap Agreement, except Specified Swap Agreements which are entered into by a Group Member to
(a) hedge or mitigate risks to which such Group Member has actual exposure (other than those in respect of Capital Stock), or (b) effectively cap, collar or exchange interest rates (from fixed to floating rates, from one floating rate to
another floating rate or otherwise) with respect to any interest-bearing liability or investment of such Group Member. 
 7.14 Accounting
Changes. Make any change in its (a) accounting policies or reporting practices, except as required by GAAP, or (b) fiscal year. 

7.15 Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of
any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (a) this
Agreement and the other Loan Documents, (b) any agreements governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in which case, any prohibition or limitation shall only be effective against the assets
financed thereby), (c) customary restrictions on the assignment of leases, licenses and other agreements, and (d) any restriction pursuant to any document, agreement or instrument governing or relating to any Lien permitted under
Sections 7.3(c), (d), (l), (m) and (n) or any agreement or option to Dispose any asset of any Group Member (in each case, provided that any such restriction relates only to the assets
or property subject to such Lien or being Disposed). 

  
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 7.16 Clauses Restricting Subsidiary Distributions. Enter into or suffer to exist or become
effective any consensual encumbrance or restriction on the ability of any Subsidiary of the Borrower to (a) make Restricted Payments in respect of any Capital Stock of such Subsidiary held by, or to pay any Indebtedness owed to, any other Group
Member, (b) make loans or advances to, or other Investments in, any other Group Member, or (c) transfer any of its assets to any other Group Member, except for such encumbrances or restrictions existing under or by reason of (i) any
restrictions existing under the Loan Documents, (ii) any restrictions with respect to a Subsidiary imposed pursuant to an agreement that has been entered into in connection with a Disposition of all or substantially all of the Capital Stock or
assets of such Subsidiary, (iii) customary restrictions on the assignment of leases, licenses and other agreements, or (iv) restrictions of the nature referred to in clause (c) above under agreements governing purchase money liens or
Capital Lease Obligations otherwise permitted hereby which restrictions are only effective against the assets financed thereby or (v) any restriction pursuant to any document, agreement or instrument governing or relating to any Lien permitted
under Section 7.3(c), (d), (l), (m) and (n) (provided that any such restriction relates only to the assets or property subject to such Lien or being Disposed). 

7.17 Lines of Business. Enter into any business, either directly or through any Subsidiary, except for those businesses in which the
Borrower and its Subsidiaries are engaged on the date of this Agreement or that are reasonably related, ancillary or incidental thereto. 

7.18 Designation of other Indebtedness. Designate any Indebtedness or indebtedness other than the Obligations as “Designated
Senior Indebtedness” or a similar concept thereto, if applicable. 
 7.19 [Reserved]. 

7.20 Amendments to Organizational Agreements. Amend or permit any amendments to any Loan Party’s organizational documents if such
amendment, termination, or waiver would be materially adverse (in the reasonable good faith judgment of Hortonworks) to Administrative Agent or the Lenders. 

7.21 Use of Proceeds. Use the proceeds of any Loan or extension of credit hereunder, whether directly or indirectly, and whether
immediately, incidentally or ultimately, (a) to purchase or carry margin stock (within the meaning of Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness
originally incurred for such purpose, in each case in violation of, or for a purpose which violates, or would be inconsistent with, Regulation T, U or X of the Board; (b) to finance an Unfriendly Acquisition; (c) 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, Administrative Agent, Issuing Lender, Swingline Lender or otherwise) of Sanctions (or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint
venture partner or other individual or entity in violation of the foregoing); or (d) for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, or other similar legislation in other
jurisdictions. 
 7.22 Subordinated Debt. 

(a) Amendments. Amend, modify, supplement, waive compliance with, or consent to noncompliance with, any Subordinated Debt Document,
unless the amendment, modification, supplement, waiver or consent (i) does not adversely affect the Borrower’s or any of its Subsidiaries’, as applicable, ability to pay and perform each of its Obligations at the time and in the
manner set forth herein and in the other Loan Documents and is not otherwise adverse to the Administrative Agent and the Lenders, and (ii) is in compliance with the subordination provisions therein and any subordination agreement with respect
thereto in favor of the Administrative Agent and the Lenders. 

  
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 (b) Payments. Make any voluntary or optional payment, prepayment or repayment on,
redemption, exchange or acquisition for value of, or any sinking fund or similar payment with respect to, any Subordinated Indebtedness, except as permitted by the subordination provisions in the applicable Subordinated Debt Documents and any
subordination agreement with respect thereto in favor of the Administrative Agent and the Lenders. 
 7.23 Anti-Terrorism Laws.
Conduct, deal in or engage in or permit any Affiliate or agent of any Loan Party within its control to conduct, deal in or engage in any of the following activities: (a) conduct any business or engage in any transaction or dealing with any
person blocked pursuant to Executive Order No. 13224 (a “Blocked Person”), including the making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person; (b) deal in, or
otherwise engage in any transaction relating to, any property or interests in property blocked pursuant to Executive Order No. 13224; or (c) engage in on conspire 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 Executive Order No. 13224 or the Patriot Act. 

SECTION 8 
 EVENTS OF
DEFAULT 
 8.1 Events of Default. The occurrence of any of the following shall constitute an Event of Default: 

(a) the Borrower shall fail to pay any amount of principal of any Loan when due in accordance with the terms hereof; or the Borrower shall
fail to pay any amount of interest on any Loan, or any other amount payable hereunder or under any other Loan Document, within three (3) Business Days after any such interest or other amount becomes due in accordance with the terms hereof; or

 (b) any representation or warranty made or deemed made by any Loan Party herein or in any other Loan Document or that is contained in any
certificate, document or financial or other statement furnished by it at any time under or in connection with this Agreement or any such other Loan Document (i) if qualified by materiality, shall be incorrect or misleading when made or deemed
made, or (ii) if not qualified by materiality, shall be incorrect or misleading in any material respect when made or deemed made; or 

(c) (i) any Loan Party shall default in the observance or performance of any agreement contained in Section 5.3,
Section 6.3(c), clause (i) or (ii) of Section 6.5(a), Section 6.6(b), Section 6.8(a), Section 6.10,
Section 6.16 or Section 7 of this Agreement. (ii) an “Event of Default” under and as defined in any Security Document shall have occurred and be continuing, or (iii) any Loan
Party shall default in the observance or performance of any agreement contained in Section 6.1 or Section 6.2 of this Agreement, and such default shall continue unremedied for a period of five (5) Business Days; or 

 (d) any Loan Party shall default in the observance or performance of any other agreement contained in this Agreement or any other Loan
Document (other than as provided in paragraphs (a) through (c) of this Section), and such default shall continue unremedied for a period of 30 days thereafter; or 

(e) (i) any Group Member shall (A) default in making any payment of any principal of any Indebtedness (including any Guarantee
Obligation, but excluding the Loans) on the scheduled or 

  
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original due date with respect thereto; (B) default in making any payment of any interest, fees, costs or expenses on any such Indebtedness beyond the period of grace, if any, provided in
the instrument or agreement under which such Indebtedness was created; (C) default in making any payment or delivery under any such Indebtedness constituting a Swap Agreement beyond the period of grace, if any, provided in such Swap Agreement;
or (D) default in the observance or performance of any other agreement or condition relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or
condition exist, the effect of which default or other event or condition is to (1) cause, or to permit the holder or beneficiary of, or, in the case of any such Indebtedness constituting a Swap Agreement, counterparty under, such Indebtedness
(or a trustee or agent on behalf of such holder, beneficiary, or counterparty) to cause, with the giving of notice if required, such Indebtedness to become due prior to its stated maturity or (in the case of any such Indebtedness constituting a
Guarantee Obligation) to become payable or (in the case of any such Indebtedness constituting a Swap Agreement) to be terminated, or (2) to cause, with the giving of notice if required, any Group Member to purchase, redeem, mandatorily prepay
or make an offer to purchase, redeem or mandatorily prepay such Indebtedness prior to its stated maturity; provided that, unless such Indebtedness constitutes a Specified Swap Agreement, a default, event or condition described in clauses (i)(A),
(B), (C), or (D) of this Section 8.1(e) shall not at any time constitute an Event of Default unless, at such time, one or more defaults, events or conditions of the type described in any of clauses (i)(A), (B), (C), or
(D) of this Section 8.1(e) shall have occurred with respect to Indebtedness, the outstanding principal amount (and, in the case of Swap Agreements, other than Specified Swap Agreements, the Swap Termination Value) of
which, individually or in the aggregate for all such Indebtedness, exceeds $500,000; and provided, further, that this clause (e)(i) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the assets
securing such Indebtedness, if such sale or transfer is permitted hereunder; or (ii) any default or event of default (however designated) shall occur with respect to any Subordinated Indebtedness of any Loan Party; or 

(f) (i) any Group Member (other than an Immaterial Subsidiary, unless such event would reasonably be expected to have a Material Adverse
Effect) shall commence any case, proceeding or other action (a) under any Debtor Relief Law seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization,
arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (b) seeking appointment of a receiver, trustee, custodian, conservator or
other similar official for it or for all or any substantial part of its assets, or any Group Member shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against any Group Member (other than an
Immaterial Subsidiary, unless such event would reasonably be expected to have a Material Adverse Effect) any case, proceeding or other action of a nature referred to in clause (i) above that (x) results in the entry of an order for relief
or any such adjudication or appointment or (y) remains undismissed, undischarged or unbonded for a period of 60 days (provided that, during such 60 day period, no Loan shall be advanced or Letter of Credit issued hereunder); or
(iii) any Group Member (other than an Immaterial Subsidiary, unless such event would reasonably be expected to have a Material Adverse Effect) shall take any action in furtherance of, or indicating its consent to, approval of, or acquiescence
in, any of the acts set forth in clause (i) or (ii) above; or (iv) any Group Member (other than an Immaterial Subsidiary, unless such event would reasonably be expected to have a Material Adverse Effect) shall generally not, or shall
be unable to, or shall admit in writing its inability to, pay its debts as they become due; or 
 (g) there shall occur one or more ERISA
Events which individually or in the aggregate results in or otherwise is associated with liability of any Loan Party or any ERISA Affiliate thereof in excess of $100,000 during the term of this Agreement; or there exists an amount of unfunded
benefit liabilities (as defined in Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans (excluding for purposes of such computation any Pension Plans with respect to which assets exceed benefit liabilities)
which exceeds $100,000; or 

  
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 (h) there is entered against any Group Member (i) one or more final judgments or orders for
the payment of money involving in the aggregate a liability (not paid or fully covered by insurance as to which the relevant insurance company has not rejected coverage) of $500,000 or more, or (ii) one or more
non-monetary final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced
by any creditor upon such judgment or order, or (B) all such judgments or decrees shall not have been satisfied, vacated, discharged, stayed or bonded pending appeal within 45 days from the entry thereof; or 

(i) (i) any of the Security Documents shall cease, for any reason, to be in full force and effect (other than pursuant to the terms thereof),
or any Loan Party shall so assert, or any Lien created by any of the Security Documents shall cease to be enforceable and of the same effect and priority purported to be created thereby (unless (A) arising as a result of an action or omission
on the part of the Administrative Agent, or (B) the fair market value of the subject Collateral is less than $500,000); or 
 (ii)
there shall be commenced against any Loan Party any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets that results in the entry of
an order for any such relief that shall not have been vacated, discharged or stayed or bonded pending appeal within 30 days from the entry thereof; or 

(iii) any court order enjoins, restrains or prevents a Loan Party from conducting all or any material part of its business; or 

(j) the guarantee contained in Section 2 of the Guarantee and Collateral Agreement shall cease, for any reason, to be in full force and
effect (other than in accordance with its terms) or any Loan Party shall so assert; or 
 (k) a Change of Control shall occur; or 

(l) any of the Governmental Approvals shall have been (i) revoked, rescinded, suspended, modified in an adverse manner or not renewed in
the ordinary course for a full term or (ii) subject to any decision by a Governmental Authority that designates a hearing with respect to any applications for renewal of any of the Governmental Approvals or that could result in the Governmental
Authority taking any of the actions described in clause (i) above, and such decision or such revocation, rescission, suspension, modification or nonrenewal (x) has, or could reasonably be expected to have, a Material Adverse Effect, or
(y) materially adversely affects the legal qualifications of any Group Member to hold any material Governmental Approval in any applicable jurisdiction and such revocation, rescission, suspension, modification or nonrenewal could reasonably be
expected to materially adversely affect the status of or legal qualifications of any Group Member to hold any material Governmental Approval in any other jurisdiction; or 

(m) any Loan Document not otherwise referenced in Section 8.1(i) or (j), at any time after its execution and
delivery and for any reason other than as expressly permitted hereunder or thereunder or the Discharge of Obligations, ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner the validity or enforceability
of any Loan Document; or any Loan Party denies that it has any or any further liability or obligation under any Loan Document to which it is a party, or purports to revoke, terminate or rescind any such Loan Document. 

  
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 8.2 Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the
Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 

(a) if such event is an Event of Default specified in clause (i) or (ii) of paragraph (f) of
Section 8.1 with respect to the Borrower, the Commitments shall immediately terminate automatically and the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents
shall automatically immediately become due and payable, and 
 (b) if such event is any other Event of Default, any of the following actions
may be taken: (i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower declare the Revolving Commitments, the Swingline
Commitments and the L/C Commitments to be terminated forthwith, whereupon the Revolving Commitments, the Swingline Commitments and the L/C Commitments shall immediately terminate; (ii) with the consent of the Required Lenders, the
Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan
Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable; (iii) any Cash Management Bank may terminate any Cash Management Agreement then outstanding and declare all Obligations then owing by the
Group Members under any such Cash Management Agreements then outstanding to be due and payable forthwith, whereupon the same shall immediately become due and payable; and (iv) the Administrative Agent may exercise on behalf of itself, any Cash
Management Bank, the Lenders and the Issuing Lender all rights and remedies available to it, any such Cash Management Bank, the Lenders and the Issuing Lender under the Loan Documents. With respect to all Letters of Credit with respect to which
presentment for honor shall not have occurred at the time of an acceleration pursuant to this paragraph, the Borrower shall Cash Collateralize an amount equal to 105% of the aggregate then undrawn and unexpired amount of such Letters of Credit.
Amounts so Cash Collateralized shall be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon, if
any, shall be applied to repay other Obligations of the Borrower hereunder and under the other Loan Documents in accordance with Section 8.3. 

In addition, (x) the Borrower shall also cash collateralize the full amount of any Swingline Loans then outstanding, and (y) to the
extent elected by any applicable Cash Management Bank after the occurrence and during the continuance of an Event of Default, the Borrower shall also cash collateralize the amount of any Obligations in respect of Cash Management Services then
outstanding, which cash collateralized amounts shall be applied by the Administrative Agent to the payment of all such outstanding Cash Management Services, and any unused portion thereof remaining after all such Cash Management Services shall have
been fully paid and satisfied in full shall be applied by the Administrative Agent to repay other Obligations of the Loan Parties hereunder and under the other Loan Documents in accordance with the terms of Section 8.3.

 (c) Subject to Section 9.10 and Section 10.16, after all such Letters of Credit and Cash Management Agreements shall have been
terminated, expired or fully drawn upon, as applicable and all amounts drawn under any such Letters of Credit shall have been reimbursed in full and all other Obligations of the Borrower and the other Loan Parties (including any such Obligations
arising in connection with Cash Management Services) shall have been paid in full, the balance, if any, of the funds having been so cash collateralized shall be returned to the Borrower (or such other Person as may be lawfully entitled thereto).
Except as expressly provided above in this Section, presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrower. 

  
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 8.3 Application of Funds. After the exercise of remedies provided for in
Section 8.2, any amounts received by the Administrative Agent on account of the Obligations shall be applied by the Administrative Agent in the following order: 

 First, to the payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (other than
principal and interest but including any Collateral-Related Expenses, fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Sections 2.19, 2.20 and 2.21 (including interest thereon))
payable to the Administrative Agent, in its capacity as such; 
 Second, to payment of that portion of the Obligations constituting
fees, indemnities and other amounts (other than principal, interest, and Letter of Credit Fees) payable to the Lenders, the Issuing Lender ((including any Letter of Credit Fronting Fees and Issuing Lender Fees), and any Qualified Counterparty and
any applicable Cash Management Bank (in its respective capacity as a provider of Cash Management Services), and the documented out-of-pocket fees, charges and
disbursements of counsel to the respective Lenders and the Issuing Lender, and amounts payable under Sections 2.19, and 2.21), in each case, ratably among them in proportion to the respective amounts described in this clause
Second payable to them; 
 Third, to the extent that the Swingline Lender has advanced any Swingline Loans that have not been
refunded by each Lender’s Swingline Participation Amount, payment to the Swingline Lender of that portion of the Obligations constituting the unpaid principal of and interest upon the Swingline Loans advanced by the Swingline Lender; 

Fourth, to the payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest in respect
of any Cash Management Services and on the Loans and L/C Disbursements which have not yet been converted into Revolving Loans, and to payment of premiums and other fees (including any interest thereon) under any Specified Swap Agreements and any
Cash Management Agreements, in each case, ratably among the Lenders, any applicable Cash Management Bank (in its respective capacity as a provider of Cash Management Services)], and any Qualified Counterparties, in each case, ratably among them in
proportion to the respective amounts described in this clause Fourth payable to them; 
 Fifth, to payment of that portion of
the Obligations constituting unpaid principal of the Loans, L/C Disbursements which have not yet been converted into Revolving Loans, and settlement amounts, payment amounts and other termination payment obligations under any Specified Swap
Agreements and Cash Management Agreements, in each case, ratably among the Lenders, any applicable Cash Management Bank (in its respective capacity as a provider of Cash Management Services), and any applicable Qualified Counterparties, in each
case, ratably among them in proportion to the respective amounts described in this clause Fifth and payable to them; 
 Sixth,
to the Administrative Agent for the account of the Issuing Lender, to Cash Collateralize that portion of the L/C Exposure comprised of the aggregate undrawn amount of Letters of Credit pursuant to Section 3.10; 

Seventh, for the account of any applicable Qualified Counterparty and any applicable Cash Management Bank, to cash collateralize
Obligations arising under any then outstanding Specified Swap Agreements and Cash Management Services, in each case, ratably among them in proportion to the respective amounts described in this clause Seventh payable to them; 

  
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 Eighth, to the payment of all other Obligations of the Loan Parties that are then due and payable
to the Administrative Agent and the other Secured Parties on such date, in each case, ratably among them in proportion to the respective aggregate amounts of all such Obligations described in this clause Eight and payable to them; 

Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full (excluding, for this purpose, any
Obligations which have been cash collateralized in accordance with the terms hereof), to the Borrower or as otherwise required by Law. 

Subject to Sections 2.24(a), 3.4, 3.5 and 3.10, amounts used to Cash Collateralize the aggregate undrawn amount of
Letters of Credit pursuant to clause Sixth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral for Letters of Credit after all Letters of Credit have
either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 

Notwithstanding the foregoing, no Excluded Swap Obligation of any Guarantor shall be paid with amounts received from such Guarantor or from
any Collateral in which such Guarantor has granted to the Administrative Agent a Lien (for the ratable benefit of the Secured Parties) pursuant to the Guarantee and Collateral Agreement; provided, however, that each party to this
Agreement hereby acknowledges and agrees that appropriate adjustments shall be made by the Administrative Agent (which adjustments shall be controlling in the absence of manifest error) with respect to payments received from other Loan Parties to
preserve the allocation of such payments to the satisfaction of the Obligations in the order otherwise contemplated in this Section 8.3. 

SECTION 9 
 THE
ADMINISTRATIVE AGENT 
 9.1 Appointment and Authority. 

(a) Each of the Lenders hereby irrevocably appoints SVB to act on its behalf as the Administrative Agent hereunder and under the other Loan
Documents 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 hereof or thereof, together with such actions and powers as are reasonably
incidental thereto. 
 (b) The provisions of Section 9 are solely for the benefit of the Administrative Agent, the
Lenders, the Issuing Lender, and the Swingline Lender, and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions. Notwithstanding any provision to the contrary elsewhere in this
Agreement, the Administrative Agent shall not have any duties or obligations, except those expressly set forth herein and in the other Loan Documents, or any fiduciary relationship with any Lender, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent. It is understood and agreed that the use of the term “agent” herein or
in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such
term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 

(c) The Administrative Agent shall also act as the collateral agent under the Loan Documents, and each of the Lenders (in their respective
capacities as a Lender and, as applicable, Qualified Counterparty and provider of Cash Management Services) hereby irrevocably (i) authorizes the 

  
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Administrative Agent to enter into all other Loan Documents, as applicable, including the Guarantee and Collateral Agreement and any Subordination Agreements, and (ii) appoints and
authorizes the Administrative Agent to act as the agent of the Secured Parties for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such
powers and discretion as are reasonably incidental thereto. The Administrative Agent, as collateral agent and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.2 for purposes of holding or enforcing any Lien on the Collateral (or
any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this
Section 9 and Section 10 (including Section 9.7, as though such co-agents, sub-agents and attorneys-in-fact were the collateral agent under the Loan Documents) as if set forth in full herein with respect thereto. Without limiting the generality of the foregoing,
the Administrative Agent is further authorized on behalf of all the Lenders, without the necessity of any notice to or further consent from the Lenders, from time to time to take any action, or permit the any
co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent to take
any action, with respect to any Collateral or the Loan Documents which may be necessary to perfect and maintain perfected the Liens upon any Collateral granted pursuant to any Loan Document. 

9.2 Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder
or under any other Loan Document 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 of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Section 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 Facilities provided for herein as well as activities
as the Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a
final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub agents. 

9.3 Exculpatory Provisions. The Administrative Agent shall have no duties or obligations except those expressly set forth herein and in
the other Loan Documents, and its duties hereunder and thereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent shall not: 

(a) be subject to any fiduciary or other implied duties, regardless of whether any Default or any Event of Default has occurred and is
continuing; 
 (b) have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and
powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly
provided for herein or in the other Loan Documents), as applicable; provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to
liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or
termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 
 (c) except as expressly set forth herein and in
the other Loan Documents, have any duty to disclose, and the Administrative Agent shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by any Person
serving as the Administrative Agent or any of its Affiliates in any capacity. 

  
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 The Administrative Agent shall not be liable for any action taken or not taken by it
(i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as
provided in Sections 8.2 and 10.1), or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. 

The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default or Event of Default, (iv) the validity, enforceability, effectiveness or genuineness of this
Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Section 5.1, Section 5.2 or elsewhere herein, other than
to confirm receipt of items expressly required to be delivered to the Administrative Agent. 
 9.4 Reliance by 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, 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 have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a
Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary
from such Lender prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for any of the Loan Parties), 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 deem and treat the payee of any Note as the owner thereof for all purposes
unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other
Loan Document unless it shall first receive such advice or concurrence of the Required Lenders (or such other number or percentage of Lenders as shall be provided for herein or in the other Loan Documents) as it deems appropriate or it shall first
be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in
acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders (or such other number or percentage of Lenders as shall be provided for herein or in the other Loan
Documents), and such request and any action taken or failure to act pursuant thereto shall be binding upon the Lenders and all future holders of the Loans. 

9.5 Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or
Event of Default unless the Administrative Agent has received notice in writing from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of
default.” In the event that the Administrative 

  
 97 

 
Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default
as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall
not be obligated to) take such action or refrain from taking such action with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders. 

9.6 Non-Reliance on Administrative Agent and Other Lenders. Each Lender expressly acknowledges
that neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys in fact or affiliates has made any representations or warranties to it and that no act by the Administrative Agent hereafter taken, including any
review of the affairs of a Group Member or any Affiliate of a Group Member, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender represents to the Administrative Agent 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 appraisal of, and investigation into, the
business, operations, property, financial and other condition and creditworthiness of the Group Members and their affiliates and made its own credit analysis and decision to make its Loans hereunder and enter into this Agreement. Each Lender also
agrees 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 credit analysis, appraisals and decisions in taking or not taking action under or based upon this Agreement, the other Loan Documents or any related agreement or any document furnished hereunder or thereunder, and to make such investigation
as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Group Members and their affiliates. Except for notices, reports and other documents expressly required to be
furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall have no duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition
(financial or otherwise), prospects or creditworthiness of any Group Member or any Affiliate of a Group Member that may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys in fact or
affiliates. 
 9.7 Indemnification. Each of the Lenders agrees to indemnify each of the Administrative Agent, the Issuing Lender and
the Swingline Lender and each of its Related Parties in its capacity as such (to the extent not reimbursed by the Borrower or any other Loan Party and without limiting the obligation of the Borrower or any other Loan Party to do so) according to its
Aggregate Exposure Percentage in effect on the date on which indemnification is sought under this Section 9.7 (or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans
shall have been paid in full, in accordance with its Aggregate Exposure Percentage immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans) be imposed on, incurred by or asserted against the Administrative Agent or such other Person in any way relating to or arising out of, the
Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Administrative Agent or such
other Person under or in connection with any of the foregoing and any other amounts not reimbursed by the Borrower or such other Loan Party; provided that no Lender shall be liable for the payment of any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted primarily from the Administrative
Agent’s or such other Person’s gross negligence or willful misconduct, and that with respect to such unpaid amounts owed to any Issuing Lender or Swingline Lender solely in its capacity as such, only the Revolving Lenders shall be required
to pay such 

  
 98 

 
unpaid amounts, such payment to be made severally among them based on such Revolving Lenders’ Revolving Percentage (determined as of the time that the applicable unreimbursed expense or
indemnity payment is sought). The agreements in this Section shall survive the payment of the Loans and all other amounts payable hereunder. 

9.8 Agent in Its Individual Capacity. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in
its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise
requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory
capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. 

9.9 Successor Administrative Agent. 

(a) The Administrative Agent may at any time give notice of its resignation to the Lenders and the Borrower. Upon receipt of any such notice of
resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days
after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but
shall not be obligated to), on behalf of the Lenders, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that in no event shall any such successor Administrative Agent be a Defaulting Lender. Whether
or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date. 

(b) If the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the Required
Lenders may, to the extent permitted by applicable law, by notice in writing to the Borrower and such Person remove such Person as Administrative Agent and, in consultation with the Borrower, appoint a successor. If no such successor shall have been
so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless
become effective in accordance with such notice on the Removal Effective Date. 
 (c) With effect from the Resignation Effective Date or the
Removal Effective Date (as applicable) (i) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by
the Administrative Agent on behalf of the Secured Parties under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed
and such collateral security is assigned to such successor Administrative Agent) and (ii) except for any indemnity payments owed to the retiring or removed Administrative Agent, 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 directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the acceptance
of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring or removed Administrative Agent (other than any rights to
indemnity payments owed to the retiring or removed Administrative Agent), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not

  
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already discharged therefrom as provided above in this Section). 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 the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of Section 9 and
Section 10.5 shall continue in effect for the benefit of such retiring or removed 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 or removed Administrative Agent was acting as the Administrative Agent. 

9.10 Collateral and Guaranty Matters. 

(a) The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, 

(i) to release any Lien on any Collateral or other property granted to or held by the Administrative Agent under any Loan Document
(i) upon the Discharge of Obligations (other than (A) contingent indemnification obligations and the expiration or termination of all Letters of Credit (other than Letters of Credit as to which other arrangements satisfactory to the
Administrative Agent and the applicable Issuing Lender shall have been made, and (B) Obligations arising under Cash Management Agreements and Specified Swap Agreements), (ii) that is sold or otherwise disposed of or to be sold or otherwise
disposed of as part of or in connection with any sale or other disposition permitted hereunder or under any other Loan Document, or (iii) subject to Section 10.1, if approved, authorized or ratified in writing by the
Required Lenders; 
 (ii) to subordinate any Lien on any Collateral or other property granted to or held by the Administrative Agent under
any Loan Document to the holder of any Lien on such property that is permitted by Sections 7.3(g), (i), (m) or (n); and 

(iii) to release any Guarantor from its obligations under the Guarantee and Collateral Agreement if such Person ceases to be a Subsidiary as
a result of a transaction permitted under the Loan Documents. 
 Upon request by the Administrative Agent at any time, the Required Lenders
will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the guaranty pursuant to this
Section 9.10. 
 (b) The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire
into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s Lien thereon, or any certificate prepared by any Loan Party in
connection therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 

(c) Notwithstanding anything contained in any Loan Document, no Secured Party shall have any right individually to realize upon any of the
Collateral or to enforce any guaranty of the Obligations (including any such guaranty provided by the Guarantors pursuant to the Guarantee and Collateral Agreement), it being understood and agreed that all powers, rights and remedies under the Loan
Documents may be exercised solely by the Administrative Agent on behalf of the Secured Parties in accordance with the terms thereof; provided that, for the avoidance of doubt, in no event shall a Secured Party be restricted hereunder from
filing a proof of claim on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law or any other judicial proceeding. In the event of a foreclosure by the Administrative Agent on any of the Collateral
pursuant to a public or 

  
 100 

 
private sale or other disposition, the Administrative Agent or any Secured Party may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition, and the
Administrative Agent, as agent for and representative of such Secured Party (but not any Lender or Lenders in its or their respective individual capacities unless the Required Lenders shall otherwise agree in writing) shall be entitled, for the
purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account of the purchase price for any Collateral
payable by the Administrative Agent on behalf of the Secured Parties at such sale or other disposition. Each Secured Party, whether or not a party hereto, will be deemed, by its acceptance of the benefits of the Collateral and of the guarantees of
the Obligations provided by the Loan Parties under the Guarantee and Collateral Agreement, to have agreed to the foregoing provisions. In furtherance of the foregoing, and not in limitation thereof, no Specified Swap Agreement and no Cash Management
Agreement, the Obligations under which constitute Obligations, will create (or be deemed to create) in favor of any Secured Party that is a party thereto any rights in connection with the management or release of any Collateral or of the Obligations
of any Loan Party under any Loan Document except as expressly provided herein or in the Guarantee and Collateral Agreement. By accepting the benefits of the Collateral and of the guarantees of the Obligations provided by the Loan Parties under the
Guarantee and Collateral Agreement, any Secured Party that is a Cash Management Bank or a Qualified Counterparty shall be deemed to have appointed the Administrative Agent to serve as administrative agent and collateral agent under the Loan
Documents and to have agreed to be bound by the Loan Documents as a Secured Party thereunder, subject to the limitations set forth in this paragraph. 

9.11 Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any other
judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether
the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered (but not obligated), by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other
Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and
advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under Sections 2.9 and 10.5) allowed in such judicial
proceeding; and 
 (b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the
same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby
authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, 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 Sections 2.9 and 10.5. 

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 any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 

  
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 9.12 [Reserved]. 

9.13 Cash Management Bank and Qualified Counterparty Reports. Each Cash Management Bank and each Qualified Counterparty agrees to
furnish to the Administrative Agent, as frequently as the Administrative Agent may reasonably request, with a summary of all Obligations in respect of Cash Management Services and/or Specified Swap Agreements, as applicable, due or to become due to
such Cash Management Bank or Qualified Counterparty, as applicable. In connection with any distributions to be made hereunder, the Administrative Agent shall be entitled to assume that no amounts are due to any Cash Management Bank or Qualified
Counterparty (in its capacity as a Cash Management Bank or Qualified Counterparty and not in its capacity as a Lender) unless the Administrative Agent has received written notice thereof from such Cash Management Bank or Qualified Counterparty and
if such notice is received, the Administrative Agent shall be entitled to assume that the only amounts due to such Cash Management Bank or Qualified Counterparty on account of Cash Management Services or Specified Swap Agreements are set forth in
such notice. 
 9.14 Survival. This Section 9 shall survive the Discharge of Obligations. 

SECTION 10 

MISCELLANEOUS 
 10.1
Amendments and Waivers. 
 (a) Neither this Agreement, any other Loan Document, nor any terms hereof or thereof may be amended,
supplemented or modified except in accordance with the provisions of this Section 10.1. The Required Lenders and each Loan Party party to the relevant Loan Document may, or, with the written consent of the Required Lenders,
the Administrative Agent and each Loan Party party to the relevant Loan Document may, from time to time, (i) enter into written amendments, supplements or modifications hereto and to the other Loan Documents for the purpose of adding any
provisions to this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or of the Loan Parties hereunder or thereunder or (ii) waive, on such terms and conditions as the Required Lenders or the
Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences; provided that no such waiver and no such
amendment, supplement or modification shall (A) forgive the principal amount or extend the final scheduled date of maturity of any Loan, reduce the stated rate of any interest or fee payable hereunder (except that any amendment or modification
of defined terms used in the financial covenants in this Agreement shall not constitute a reduction in the rate of interest or fees for purposes of this clause (A)) or extend the scheduled date of any payment thereof, or increase the amount or
extend the expiration date of any Lender’s Revolving Commitment, in each case, without the written consent of each Lender directly affected thereby; (B) eliminate or reduce the voting rights of any Lender under this
Section 10.1 without the written consent of such Lender; (C) reduce any percentage specified in the definition of Required Lenders, consent to the assignment or transfer by the Borrower of any of its rights and
obligations under this Agreement and the other Loan Documents, release all or substantially all of the Collateral or release all or substantially all of the Guarantors from their obligations under the Guarantee and Collateral Agreement, in each case
without the written consent of all Lenders; (D) amend, modify or waive the pro rata requirements of Section 2.18 in a manner that adversely affects Revolving Lenders or L/C Lenders without the written consent of
each Revolving Lender or L/C Lender, as applicable; (E) [reserved]; (F) amend, modify or waive any provision of Section 9 without the written consent of the Administrative Agent; (G) amend, modify or waive
any provision of Section 2.6 or 2.7 without the written consent of the Swingline Lender; (H) amend, modify or waive any provision of Section 3 without the written consent of the Issuing
Lender; (I) (i) amend or modify the application of payments set forth in Section 8.3 in a manner that adversely affects Lenders without the written consent 

  
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of the Required Lenders, (ii) amend or modify the application of payments set forth in Section 8.3 in a manner that adversely affects the L/C Lender or Swingline
Lender without the written consent of the L/C Lender of Swingline Lender, as applicable or (iii) amend or modify the application of payments provisions set forth in Section 8.3 in a manner that adversely affects, any
Cash Management Bank, Issuing Lender or any Qualified Counterparty, as applicable, without the written consent of such Cash Management Bank, Issuing Lender or any such Qualified Counterparty, as applicable. Any such waiver and any such amendment,
supplement or modification shall apply equally to each of the Lenders and shall be binding upon the Loan Parties, the Lenders, the Administrative Agent, each Cash Management Bank, Issuing Lender each Qualified Counterparty, and all future holders of
the Loans. In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent shall be restored to their former position and rights hereunder and under the other Loan Documents, and any Default or Event of Default waived shall be
deemed to be cured during the period such waiver is effective; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon. 

(b) Notwithstanding anything to the contrary contained in Section 10.1(a) above, in the event that the Borrower
requests that this Agreement or any of the other Loan Documents be amended or otherwise modified in a manner which would require the consent of all of the Lenders and such amendment or other modification is agreed to by the Borrower, the Required
Lenders and the Administrative Agent, then, with the consent of the Borrower, the Administrative Agent and the Required Lenders, this Agreement or such other Loan Document may be amended without the consent of the Lender or Lenders who are unwilling
to agree to such amendment or other modification (each, a “Minority Lender”), to provide for: 
 (i) the
termination of the Commitment of each such Minority Lender; 
 (ii) the assumption of the Loans and Commitment of each such Minority Lender
by one or more Replacement Lenders pursuant to the provisions of Section 2.23; and 
 (iii) the payment of all
interest, fees and other obligations payable or accrued in favor of each Minority Lender and such other modifications to this Agreement or to such Loan Documents as the Borrower, the Administrative Agent and the Required Lenders may determine to be
appropriate in connection therewith. 
 (c) Notwithstanding any provision herein to the contrary, this Agreement may be amended (or amended
and restated) with the written consent of the Required Lenders, the Administrative Agent, and the Borrower, (i) to add one or more additional credit or term loan facilities to this Agreement and to permit all such additional extensions of
credit and all related obligations and liabilities arising in connection therewith and from time to time outstanding thereunder to share ratably (or on a basis subordinated to the existing facilities hereunder) in the benefits of this Agreement and
the other Loan Documents with the obligations and liabilities from time to time outstanding in respect of the existing facilities hereunder, and (ii) in connection with the foregoing, to permit, as deemed appropriate by the Administrative Agent
and approved by the Required Lenders, the Lenders providing such additional credit facilities to participate in any required vote or action required to be approved by the Required Lenders. 

(d) Notwithstanding any provision herein to the contrary, any Cash Management Agreement may be amended or otherwise modified by the parties
thereto in accordance with the terms thereof without the consent of the Administrative Agent or any Lender. 
 (e) Notwithstanding any
provision herein or in any other Loan Document to the contrary, no Cash Management Bank and no Qualified Counterparty shall have any voting or approval 

  
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rights hereunder (or be deemed a Lender) solely by virtue of its status as the provider or holder of Cash Management Services or Specified Swap Agreements or Obligations owing thereunder, nor
shall the consent of any such Cash Management Bank or Qualified Counterparty, as applicable, be required for any matter, other than in their capacities as Lenders, to the extent applicable. 

(f) The Administrative may, with the consent of the Borrower only, amend, modify or supplement this Agreement or any of the Loan Documents to
cure any omission, mistake or defect. 
 10.2 Notices. All notices, requests and demands to or upon the respective parties hereto to
be effective shall be in writing (including by facsimile or electronic mail), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered, or three Business Days after being deposited in the mail,
postage prepaid, or, in the case of facsimile or electronic mail notice, when received, addressed as follows in the case of the Borrower and the Administrative Agent, and as set forth in an administrative questionnaire delivered to the
Administrative Agent in the case of the Lenders, or to such other address as may be hereafter notified by the respective parties hereto: 
  

			
	 Borrower:
	  	 Hortonworks, Inc.
 5470 Great America
Parkway
 Santa Clara, CA 95054
 Attention: 

Facsimile No.:
 Telephone No.:

E-Mail:
 Website URL:
www.hortonworks.com

		  	  
 with a copy to:

 
 Hortonworks, Inc.

5470 Great America Parkway
 Santa Clara, CA 95054

Attention: 
 Facsimile No.:

Telephone No.:

E-Mail:

	  
 Administrative Agent:
	  	  
 Silicon Valley Bank

2400 Hanover Street
 Palo Alto, CA 94304

Attention: 

E-Mail:

  
 104 

			
	 with a copy to:
	  	 Silicon Valley Bank
 555 Mission Street,
Suite 900
 San Francisco, CA 94105
 Attention: 

E-Mail:
  

Riemer & Braunstein, LLP

3 Center Plaza

Boston, Massachusetts 02108

Attn.: 

Facsimile No.: 

E-mail:

 provided that any notice, request or demand to or upon the Administrative Agent or the Lenders shall
not be effective until received. 
 (a) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications (including email 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 pursuant to
Section 2 unless otherwise agreed by the Administrative Agent and the applicable Lender. 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. Unless the Administrative Agent otherwise prescribes, (i) notices
and other communications sent to an email address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return email or
other written acknowledgment); and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its email address as described in the foregoing clause
(i) of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice or other communication is not sent during the normal
business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient. 

(b) Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice to the other parties
hereto. 
 (c) (i) Each Loan Party agrees that the Administrative Agent may, but shall not be obligated to, make the Communications (as
defined below) available to the Issuing Lender and other Lenders by posting the Communications on the Platform. 
 (i) (ii) The Platform is
provided “as is” and “as available.” The Agent Parties (as defined below) do not warrant the adequacy of the Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind,
express, implied or statutory, including, without limitation, 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 Communications 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 or the other Loan Parties, any Lender or any other Person or entity for damages of any kind, including direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out
of the Borrower’s, any Loan Party’s or the Administrative Agent’s transmission of 

  
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communications through the Platform. “Communications” means, collectively, any notice, demand, communication, information, document or other material provided by or on
behalf of any Loan Party pursuant to any Loan Document or the transactions contemplated therein which is distributed to the Administrative Agent or any Lender or the Issuing Lender by means of electronic communications pursuant to this Section,
including through the Platform. 
 10.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the
part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege
hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and
privileges provided by law. 
 10.4 Survival of Representations and Warranties. All representations and warranties made hereunder, in
the other Loan Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of the Loans and other extensions of credit
hereunder. 
 10.5 Expenses; Indemnity; Damage Waiver. 

(a) Costs and Expenses. The Borrower shall pay (i) all reasonable
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the
Administrative Agent), in connection with the syndication of the Facilities, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents, or any amendments, modifications or waivers of the
provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses
incurred by the Issuing Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, and (iii) all
out-of-pocket expenses incurred by the Administrative Agent or any Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent or
any Lender, in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of
Credit issued or participated in hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans
or Letters of Credit. 
 (b) Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, Issuing Lender and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee
harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any Person
(including the Borrower or any other Loan Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement
or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of
Credit or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing Lender 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 Materials of Environmental Concern on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability related
in 

  
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any way to the Borrower or any of its Subsidiaries, 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 other Loan Party, 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 related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful
misconduct of such Indemnitee or (y) result from a claim brought by the Borrower or any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the
Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 10.5(b) shall not apply with respect to Taxes other
than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 
 (c)
Reimbursement by Lenders. To the extent that the Borrower for any reason fails indefeasibly to pay any amount required under paragraph (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the Issuing Lender, the Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such
sub-agent), the Issuing Lender, the Swingline Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or
indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender); provided that with respect to
such unpaid amounts owed to the Issuing Lender or the Swingline Lender solely in its capacity as such, only the Revolving Lenders shall be required to pay such unpaid amounts, such payment to be made severally among them based on such Revolving
Lenders’ Revolving Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought); provided further, 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 any such sub-agent), the Issuing Lender or the Swingline Lender in its capacity as such, or against any
Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), the Issuing Lender or the Swingline Lender in connection with such capacity. The obligations of the Lenders
under this paragraph (c) are subject to the provisions of Sections 2.1, 2.4 and 2.20(e). 
 (d) Waiver of
Consequential Damages, Etc. 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, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any
Loan or Letter of Credit, or the use of the proceeds thereof. No Indemnitee referred to in paragraph (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it
through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. 

(e) Payments. All amounts due under this Section shall be payable promptly after demand therefor. 

(f) Survival. Each party’s obligations under this Section shall survive the Discharge of Obligations. 

  
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 10.6 Successors and Assigns; Participations and Assignments. 

(a) Successors and Assigns Generally. 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 (which, for purposes of this Section 10.6, shall include any Cash Management Bank and any Qualified Counterparty, except that neither the Borrower nor any
other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender, and no Lender may assign or otherwise transfer any of its rights or
obligations hereunder except (i) to an assignee in accordance with the provisions of paragraph (b) of this Section, (ii) by way of participation in accordance with the provisions of Section 10.6(d), or
(iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.6(e) (and any other attempted assignment or transfer by any party hereto 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, Participants to the extent provided in paragraph (d) of this Section and, to
the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Assignments by Lenders. Any Lender may at any time 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 Commitment and the Loans at the time owing to it); provided that (in each case with respect to any Facility) any such assignment shall be subject to the following conditions: 

(i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and/or the Loans at the time owing
to it (in each case with respect to any Facility) or contemporaneous assignments to related Approved Funds (determined after giving effect to such assignments) that equal at least the amount specified in paragraph (b)(i)(B) of this Section in the
aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B) in any case not described in paragraph (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose includes
Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date) shall not be less than $5,000,000, unless each of the
Administrative Agent and, so long as no Default or Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed). 

(ii) Proportionate Amounts. 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 with respect to the Loan or the Commitment assigned, except that this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights and obligations among
separate Facilities on a non-pro rata basis. 
 (iii) Required Consents. No consent shall be
required for any assignment except to the extent required by paragraph (b)(i)(B) of this Section and, in addition: 

  
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 (A) the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall
be required unless (x) a Default or an Event of Default has occurred and is continuing at the time of such assignment, or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the
Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within ten Business Days after having received notice thereof; 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in
respect of the Revolving Facility if such assignment is to a Person that is not a Lender with a Commitment in respect of such Facility, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and 

(C) the consent of the Issuing Lender and the Swingline Lender shall be required for any assignment in respect of the Revolving Facility.

 (iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an
Assignment and Assumption, together with a processing and recordation fee of $3,500; provided that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment.
The assignee, if it is not a Lender, shall deliver to the Administrative Agent any such administrative questionnaire as the Administrative Agent may request. 

(v) No Assignment to Certain Persons. No such assignment shall be made to (A) the Borrower or any of the Borrower’s
Affiliates or Subsidiaries or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B). 

(vi) No Assignment to Natural Persons. No such assignment shall be made to a natural Person (or a holding company, investment vehicle
or trust established for, or owned and operated for the primary benefit of, a natural Person). 
 (vii) Certain Additional Payments.
In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall
make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other
compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and
assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, the Issuing Lender, the Swingline Lender and each other Lender hereunder (and interest
accrued thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swingline Loans in accordance with its Revolving Percentage. Notwithstanding the foregoing, in the
event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a
Defaulting Lender for all purposes of this Agreement until such compliance occurs. 
 Subject to acceptance and recording thereof by the Administrative
Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such

  
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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 2.19, 2.20, 2.21 and 10.5 with respect to facts and circumstances occurring prior to the effective date of such assignment;
provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a
Defaulting Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph 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 (d) of this Section. 
 (c) Register. The Administrative Agent, acting
solely for this purpose as an agent of the Borrower, shall maintain at one of its offices in California 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
Commitments of, and principal amounts (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest
error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available
for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (d)
Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural Person, a holding company, investment vehicle or trust
established for, or owned and operated for the primary benefit of, a natural Person, or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s
rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such
Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, and (iii) the Borrower, the Administrative Agent, the Issuing Lender 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. For the avoidance of doubt, each Lender shall be responsible for the indemnities under Sections 2.20(e) and 9.7 with respect to any
payments made by such Lender to its Participant(s). 
 Any agreement or instrument pursuant to which a Lender sells such a participation
shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; 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 which affects such Participant and for which the consent of such Lender is required (as described in Section 10.1). The
Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.19, 2.20 and 2.21 (subject to the requirements and limitations therein, including the requirements under
Section 2.20(f) (it being understood that the documentation required under Section 2.20(f) shall be delivered by such Participant to the Lender granting such participation)) to the same extent as
if it were a Lender and had acquired its interest by assignment pursuant to Section 10.6(b); provided that such Participant (A) agrees to be subject to the provisions of Sections 2.23 as if it were an
assignee under Section 10.6(b); and (B) shall not be entitled to receive any greater payment under Sections 2.19 or 2.20, with respect to any participation, than its participating Lender would have been
entitled to receive, except to the extent such entitlement to receive a greater payment results from a change in any Requirement of Law that occurs after the Participant acquired the applicable participation.

  
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Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of
Section 2.23 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.7 as though it were a Lender;
provided that such Participant agrees to be subject to Section 2.18(k) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans
or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any
Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish
that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the
avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(e) Certain Pledges. 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; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto. 
 (f) Notes. The Borrower, upon receipt by the Borrower
of written notice from the relevant Lender, agrees to issue Notes to any Lender requiring Notes to facilitate transactions of the type described in Section 10.6. 

(g) Representations and Warranties of Lenders. Each Lender, upon execution and delivery hereof or upon succeeding to an interest in the
Commitments or Loans, as the case may be, represents and warrants as of the Closing Date or as of the effective date of the applicable Assignment and Assumption that (i) it is an Eligible Assignee; (ii) it has experience and expertise in
the making of or investing in commitments, loans or investments such as the Commitments and Loans; and (iii) it will make or invest in its Commitments and Loans for its own account in the ordinary course of its business and without a view to
distribution of such Commitments and Loans within the meaning of the Securities Act or the Exchange Act, or other federal securities laws (it being understood that, subject to the provisions of this Section 10.6, the
disposition of such Commitments and Loans or any interests therein shall at all times remain within its exclusive control). 
 10.7
Adjustments; Set-off. 
 (a) Except to the extent that this Agreement expressly provides for
payments to be allocated to a particular Lender or to the Lenders under a particular Facility, if any Lender (a “Benefitted Lender”) shall, at any time after the Loans and other amounts payable hereunder shall immediately
become due and payable pursuant to Section 8.2, receive any payment of all or part of the Obligations owing to it, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Section 8.1(f), or otherwise), in a greater proportion than any such payment to or collateral received by any other
Lender, if any, in respect of the Obligations owing to such other Lender, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of the Obligations owing to each such other Lender, or

  
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shall provide such other Lenders with the benefits of any such collateral, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral ratably
with each of the Lenders; provided that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the
extent of such recovery, but without interest. 
 (b) Upon the occurrence and during the continuance of any Event of Default, each Lender
and each of its Affiliates is hereby authorized at any time and from time to time, without prior notice to the Borrower or any other Loan Party, any such notice being expressly waived by the Borrower and each Loan Party, to the fullest extent
permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final), in any currency, at any time held or owing, and any other credits, indebtedness, claims or obligations, in any
currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender, its Affiliates or any branch or agency thereof to or for the credit or the account of the Borrower or any
other Loan Party, as the case may be, against any and all of the obligations of the Borrower or such other Loan Party now or hereafter existing under this Agreement or any other Loan Document to such Lender or its Affiliates, irrespective of whether
or not such Lender or Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrower or such other Loan Party may be contingent or unmatured or are owed to a branch, office or
Affiliate of such Lender different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided, that in the event that any Defaulting Lender or any of its Affiliates shall exercise any such right of
setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.23 and, pending such payment, shall be segregated by
such Defaulting Lender or Affiliate thereof from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement
describing in reasonable detail the Obligations owing to such Defaulting Lender or Affiliate thereof as to which it exercised such right of setoff. Each Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff
and application made by such Lender or any of its Affiliates; provided that the failure to give such notice shall not affect the validity of such setoff and application. The rights of each Lender and its Affiliates under this
Section 10.7 are in addition to other rights and remedies (including other rights of set-off) which such Lender or its Affiliates may have. 

10.8 Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to the Administrative Agent or any
Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required
(including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any Insolvency Proceeding or otherwise, then (a) to the
extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender
severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date
such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the Discharge of Obligations. 

10.9 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to
be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable law (the “Maximum Rate”). If the Administrative Agent or any Lender
shall receive interest in an amount that exceeds the Maximum Rate, 

  
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the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged,
or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest,
(b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 

10.10 Counterparts; Electronic Execution of Assignments. 

(a) This Agreement may be executed by one or more of the parties to this Agreement 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 Agreement by facsimile or other electronic mail transmission shall be effective as delivery of a manually executed
counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent. 

(b) 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. 
 10.11 Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.11, if and to the extent that the enforceability of any
provisions in this Agreement relating to Defaulting Lenders shall be limited under or in connection with any Insolvency Proceeding, as determined in good faith by the Administrative Agent, then such provisions shall be deemed to be in effect only to
the extent not so limited. 
 10.12 Integration. This Agreement and the other Loan Documents represent the entire agreement of the
Borrower, the other Loan Parties, the Administrative Agent and the Lenders with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any Lender
relative to the subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents. 
 10.13 GOVERNING
LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. This Section 10.13 shall
survive the Discharge of Obligations. 
 10.14 Submission to Jurisdiction; Waivers. The Borrower hereby irrevocably and
unconditionally: 
 (a) submits to the exclusive jurisdiction of the State and Federal courts in the Southern District of the State of New
York; provided that nothing in this Agreement shall be deemed to operate to preclude the Administrative Agent or any Lender from bringing suit or taking other legal action 

  
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in any other jurisdiction to realize on the Collateral or any other security for the Obligations, or to enforce a judgment or other court order in favor of Administrative Agent or such Lender.
The Borrower expressly submits and consents in advance to such jurisdiction in any action or suit commenced in any such court, and the Borrower hereby waives any objection that it may have based upon lack of personal jurisdiction, improper venue, or
forum non conveniens and hereby consents to the granting of such legal or equitable relief as is deemed appropriate by such court. The Borrower hereby waives personal service of the summons, complaints, and other process issued in such action or
suit and agrees that service of such summons, complaints, and other process may be made by registered or certified mail addressed to the Borrower at the addresses set forth in Section 10.2 of this Agreement and that service
so made shall be deemed completed upon the earlier to occur of the Borrower’s actual receipt thereof or three (3) days after deposit in the U.S. mails, proper postage prepaid; 

(b) WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ITS RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED
UPON THIS AGREEMENT, THE OTHER LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR THE PARTIES TO ENTER INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED
THIS WAIVER WITH ITS COUNSEL; and 
 (c) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover
in any legal action or proceeding referred to in this Section any special, exemplary, punitive or consequential damages. 
 This
Section 10.14 shall survive the Discharge of Obligations. 
 10.15 Acknowledgements. The Borrower hereby
acknowledges that: 
 (a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan
Documents; 
 (b) none of the Administrative Agent nor any Lender has any fiduciary relationship with or duty to the Borrower arising out of
or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Administrative Agent and Lenders, on one hand, and the Borrower, on the other hand, in connection herewith or therewith is solely that of
debtor and creditor; and 
 (c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the
transactions contemplated hereby among the Lenders or among the Borrower and the Lenders. 
 10.16 Releases of Guarantees and Liens.

 (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby
irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any
Collateral or guarantee obligations (1) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or
(2) under the circumstances described in Section 10.16(b) below. 

  
 114 

 (b) At such time as the Loans and the other Obligations under the Loan Documents (other than
inchoate indemnity obligations and obligations under or in respect of Specified Swap Agreements, to the extent no default or termination event shall have occurred thereunder) shall have been paid in full, the Commitments shall have been terminated
and no Letters of Credit shall be outstanding (or such Letters of Credit shall have been Cash Collateralized as provide herein), the Collateral (other than any cash collateral securing any Specified Swap Agreements, any Cash Management Services or
outstanding Letters of Credit) shall be released from the Liens created by the Security Documents and Cash Management Agreements (other than any Cash Management Agreements used to cash collateralize any Obligations arising in connection with Cash
Management Agreements), and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party under the Security Documents and Cash Management Agreements (other than any Cash Management
Agreements used to cash collateralize any Obligations arising in connection with Cash Management Agreements) shall terminate, all without delivery of any instrument or performance of any act by any Person. 

10.17 Treatment of Certain Information; Confidentiality. Each of the Administrative Agent and each Lender agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its Related Parties (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 required or requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties
(including any self-regulatory authority, such as the National Association of Insurance Commissioners); (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process; (d) to any other party
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 the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this
Agreement, or (ii) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder;
(g) on a confidential basis to (i) any rating agency in connection with rating the Borrower or its Subsidiaries or the Facilities or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of
CUSIP numbers with respect to the Facilities; (h) with the consent of the Borrower; or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section, or (y) becomes available
to the Administrative Agent, any Lender or any of their respective Affiliates on a non-confidential basis from a source other than the Borrower. In addition, the Administrative Agent, the Lenders, and any of
their respective Related Parties, may (A) disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service providers to the Administrative
Agent or the Lenders in connection with the administration of this Agreement, the other Loan Documents, and the Commitments; and (B) use any information (not constituting Information subject to the foregoing confidentiality restrictions)
related to the syndication and arrangement of the credit facilities contemplated by this Agreement in connection with marketing, press releases, or other transactional announcements or updates provided to investor or trade publications, including
the placement of “tombstone” advertisements in publications of its choice at its own expense. 
 Notwithstanding anything herein
to the contrary, any party to this Agreement (and any employee, representative, or other agent of any party to this Agreement) may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the
transactions contemplated by this Agreement and all materials of any kind (including opinions or other tax analyses) that are provided to it relating to such tax treatment and tax structure. However, any such information relating to the tax
treatment or tax structure is required to be kept confidential to the extent necessary to comply with any applicable federal or state securities laws, rules, and regulations. 

  
 115 

 For purposes of this Section, “Information” means all information
received from the Borrower or any of its Subsidiaries relating to the Borrower or any of its Subsidiaries or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a non-confidential basis prior to disclosure by the Borrower or any of its Subsidiaries. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have
complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

10.18 Automatic Debits. With respect to any principal, interest, fee, or any other cost or expense (including attorney costs of the
Administrative Agent or any Lender payable by the Borrower hereunder) due and payable to the Administrative Agent or any Lender under the Loan Documents, the Borrower hereby irrevocably authorizes the Administrative Agent to debit any deposit
account of the Borrower maintained with the Administrative Agent in an amount such that the aggregate amount debited from all such deposit accounts does not exceed such principal, interest, fee or other cost or expense. If there are insufficient
funds in such deposit accounts to cover the amount then due, such debits will be reversed (in whole or in part, in the Administrative Agent’s sole discretion) and such amount not debited shall be deemed to be unpaid. No such debit under this
Section 10.18 shall be deemed a set-off. 
 10.19 Judgment
Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance
with normal banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of each Borrower and each other Loan Party in
respect of any such sum due from it to the Administrative Agent or any Lender hereunder or under any other Loan Document 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 any Borrower or any other Loan Party in the Agreement Currency, such Borrower and each other
Loan Party 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 such Borrower or other Loan Party, as applicable (or to any
other Person who may be entitled thereto under applicable law). 
 10.20 Patriot Act. Each Lender and the Administrative Agent (for
itself and not on behalf of any other party) hereby notifies the Borrower and each other Loan Party that, pursuant to the requirements of “know your customer” and anti-money-laundering rules and regulations, including the Patriot Act, it
is required to obtain, verify and record information that identifies the Borrower and each other Loan Party, which information includes the names and addresses and other information that will allow such Lender or the Administrative Agent, as
applicable, to identify the Borrower and each other Loan Party in accordance with such rules and regulations. The Borrower and each other Loan Party will, and will cause each of its Subsidiaries to, provide such information and take such actions as
are reasonably requested by the Administrative Agent or any Lender to assist the Administrative Agent or any such Lender in maintaining compliance with such applicable rules and regulations. 

  
 116 

 10.21 Acknowledgment of Prior Obligations. The Borrower (a) consents to the amendment
and restatement of the Existing Credit Agreement by this Agreement; (b) acknowledges and agrees that (i) the “Obligations” (as defined in the Existing Credit Agreement) are owing to the Secured Parties (as defined in the Existing
Credit Agreement), (ii) the prior grant or grants of security interests in favor of any of the Administrative Agent or any other Secured Party (as defined in the Existing Credit Agreement) in its properties and assets, under each “Loan
Document” as defined in the Existing Credit Agreement (the “Original Loan Documents”) to which it is a party shall be in respect of the Obligations of such Person under this Agreement and the other Loan Documents;
(c) reaffirms (i) all of the Obligations (as defined in the Existing Credit Agreement) owing to the Administrative Agent and the other Secured Parties (as defined in the Existing Credit Agreement), and (ii) all prior or concurrent grants
of security interests in favor of any of the Administrative Agent or any other Secured Party (as defined in the Existing Credit Agreement) under each Original Loan Document and each Loan Document; and (d) agrees that, except as expressly
amended hereby or unless being amended and restated concurrently herewith, each of the Original Loan Documents to which it is a party is and shall remain in full force and effect. The Borrower hereby confirms and agrees that all outstanding
principal, interest and fees and other “Obligations” (as defined in the Existing Credit Agreement) under the Existing Credit Agreement immediately prior to the Closing Date shall, to the extent not paid on the Closing Date, from and after
the Closing Date, be, without duplication, Obligations owing and payable pursuant to this Agreement and the other Loan Documents as in effect from time to time, shall accrue interest thereon as specified in this Agreement, and shall be secured by
the Loan Documents. 
 10.22 No Novation. This Agreement does not extinguish the obligations for the payment of money outstanding
under the Existing Credit Agreement or discharge or release the obligations or the liens or priority of any mortgage, pledge, security agreement or any other security therefor. Nothing herein contained shall be construed as a substitution or
novation of the obligations outstanding under the Existing Credit Agreement, the other Original Loan Documents or instruments securing the same, which shall remain in full force and effect, except as modified hereby or by instruments executed
concurrently herewith. Nothing expressed or implied in this Agreement shall be construed as a release or other discharge of the Borrower or any Guarantor from any of its obligations or liabilities under the Existing Credit Agreement or any of the
security agreements, pledge agreements, mortgages, guaranties or other loan documents executed in connection therewith. The Borrower hereby (a) confirms and agrees that each Original Loan Document to which it is a party that is not being
amended and restated concurrently herewith is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects except that on and after the Closing Date, all references in any such Original Loan Document to
“the Credit Agreement,” “thereto,” “thereof,” “thereunder” or words of like import referring to the Existing Credit Agreement shall mean the Existing Credit Agreement as amended and restated by this Agreement;
and (b) confirms and agrees that to the extent that any such Original Loan Document purports to assign or pledge to any Secured Party a security interest in or lien on, any collateral as security for all or any portion of any of the Obligations
of the Borrower or any other Loan Party, as the case may be, from time to time existing in respect of the Existing Credit Agreement or the Original Loan Document, such pledge or assignment or grant of the security interest or lien is hereby ratified
and confirmed in all respects with respect to this Agreement and the Loan Documents. 
 10.23 Release. Each Loan Party hereby
absolutely and unconditionally releases and forever discharges the Administrative Agent, each Lender, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns
thereof, together with all of the present and former directors, officers, agents, attorneys and employees of any of the foregoing (each, a “Releasee” and collectively, the “Releasees”), from any and all claims, demands or 

  
 117 

 
causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise (each, a “Claim” and
collectively, the “Claims”), which such Loan Party has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and
including the date of this Agreement which relates directly or indirectly, to the Credit Agreement or any other Loan Document, whether such claims, demands and causes of action are matured or unmatured or known or unknown, except for the duties and
obligations set forth in this Agreement. Each Loan Party understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense to any Claim and may be used as a basis for an injunction against any
action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release. Each Loan Party agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may
hereafter be discovered will affect in any manner the final, absolute and unconditional nature of the release set forth above. 
 10.24
Acknowledgement and Consent to Bail-In of EEA Financial Institutions Release. Notwithstanding anything to the contrary in this Agreement or in any other Loan Document, each party hereto acknowledges that
any liability of any EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and
acknowledges and agrees to be bound by: 
 (a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any
such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 
 (b) the
effects of any Bail-in Action on any such liability, including, if applicable: 
 (i) a reduction
in full or in part or cancellation of any such liability; 
 (ii) a conversion of all, or a portion of, such liability into shares or other
instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such Capital Stock will be accepted by it in lieu of any rights with respect
to any such liability under this Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such liability in
connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority. 
 [Remainder of page left blank
intentionally] 

  
 118 

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

			
	BORROWER:
	
	HORTONWORKS, INC.
		
	By:	 	/s/ Scott Davidson
		
	Name:	 	Scott Davidson
		
	Title:	 	 Chief Operating Officer and
 Chief Financial
Officer

 
			
	ADMINISTRATIVE AGENT:
	
	 SILICON VALLEY BANK,
 as the
Administrative Agent

		
	By:	 	/s/ Laura Gentile
		
	Name:	 	Laura Gentile
		
	Title:	 	Vice President

 
			
	LENDERS:
	
	 SILICON VALLEY BANK,
 as
Issuing Lender, Swingline Lender and as a Lender

		
	By:	 	/s/ Laura Gentile
		
	Name:	 	Laura Gentile
		
	Title:	 	Vice President

 SCHEDULE 1.1A 

COMMITMENTS 
 AND
AGGREGATE EXPOSURE PERCENTAGES 
 REVOLVING COMMITMENTS 
  

					
	Lender	 	Revolving Commitment	 	Revolving Percentage
			
	Silicon Valley Bank	 	$50,000,000	 	100.000000000%
	Total	 	$50,000,000	 	100.000000000%

 L/C COMMITMENT 
  

					
	Lender	 	L/C Commitment	 	L/C Percentage
			
	Silicon Valley Bank	 	$10,000,000	 	100.000000000%
	Total	 	$10,000,000	 	100.000000000%

 SWINGLINE COMMITMENT 
  

					
	Lender	 	Swingline Commitment	 	Exposure Percentage
			
	Silicon Valley Bank	 	$10,000,000	 	100.000000000%
	Total	 	$10,000,000	 	100.000000000%

 SCHEDULE 1.1B 

EXISTING LETTERS OF CREDIT 
  

			
	 SVB Letter of Credit Collateral Palo Alto Office Lease
	  	$410,551
		
	SVB Letter of Credit Collateral Santa Clara Office Lease	  	$679,550
		
	SVB Letter of Credit Collateral SF Lease Deposit	  	$177,718

 SCHEDULE 4.4 

GOVERNMENTAL APPROVALS, CONSENTS, 

AUTHORIZATIONS, FILINGS AND NOTICES 

N/A 

 SCHEDULE 4.5 

REQUIREMENTS OF LAW 
 N/A

 SCHEDULE 4.13 

ERISA PLANS 
 Health
Insurance (Kaiser and United Healthcare) 
 Dental & Vision Insurance (Guardian Dental) 

401(k) (Fidelity) 
 Life &
Disability Insurance (Mutual of Omaha) 
 Flexible Spending Account & Commuter Benefits (Navia) 

 SCHEDULE 4.15 

SUBSIDIARIES 
  

									
	 Name
	  	Jurisdiction	 	 Number of Shares of Each Class of
Equity Interests
Outstanding
	  	 Percentage of Outstanding
Shares Owned
	  	Outstanding
Subscriptions,
Options,
Warrants,
Calls, Rights
or Other
Commitments
per
Section 4.15
	Hortonworks Australia Pty. Ltd.	  	Australia	 	100	  	100% Hortonworks B.V.	  	N/A
	Hortonworks Latin America SpA	  	Chile	 	1,000	  	100% Sequence IQ, Inc.	  	N/A
	Hortonworks Federal, Inc.	  	Delaware	 	100	  	100% Hortonworks, Inc.	  	N/A
	Pachydermworks, LLC	  	Delaware	 	N/A (paid-in capital)	  	100% Pachydermworks CV	  	N/A
	Sequence IQ, Inc.	  	Delaware	 	10,000,000	  	100% Hortonworks, Inc.	  	N/A
	Yertleworks, LLC	  	Delaware	 	N/A (paid-in capital)	  	100% Hortonworks, Inc.	  	N/A
	Hortonworks SARL	  	France	 	300,000	  	100% Hortonworks B.V.	  	N/A
	Hortonworks GmbH	  	Germany	 	N/A (paid-in capital)	  	100% Hortonworks B.V.	  	N/A
	Hortonworks Kft.	  	Hungary	 	N/A (paid-in capital)	  	80.63% SequenceIQ, Inc., 19.37% Hortonworks, Inc.	  	N/A
	Hortonworks Data Platform India Private Limited	  	India	 	9,900 shares Hortonworks BV; 100 shares Pachydermworks LLC	  	99% Hortonworks B.V., 1% Pachydermworks LLC	  	N/A
	Hortonworks International Ltd.	  	Ireland	 	100	  	100% Hortonworks B.V.	  	N/A
	Hortonworks Japan Co., Ltd. (Hortonworks Japan Kabushiki Kaisha in Japan)	  	Japan	 	300,100	  	100% Hortonworks B.V.	  	N/A
	Hortonworks Korea Ltd.	  	Korea	 	20,000	  	100% Hortonworks B.V.	  	N/A
	Pachydermworks, C.V.	  	Netherlands
(resident in
Bermuda)	 	N/A (paid-in capital)	  	99% Hortonworks, Inc.; 1% Yertleworks LLC	  	N/A
	Hortonworks B.V.	  	Netherlands	 	18,000	  	100% Pachydermworks CV	  	N/A
	Hortonworks Asia Pacific Pte. Ltd.	  	Singapore	 	100,000	  	100% Pachydermworks CV	  	N/A
	Hortonworks UK Ltd.	  	United
Kingdom	 	1,000,100	  	100% Hortonworks B.V.	  	N/A

 SCHEDULE 4.17 

ENVIRONMENTAL MATTERS 
 N/A

 SCHEDULE 4.19(a) 

FINANCING STATEMENTS AND OTHER FILINGS 

Filings of UCC1 financing statements with the Delaware Secretary of State and recordations with the United States Patent and Trademark Office, the United
States Copyright Office and other foreign intellectual property registration offices. 

 SCHEDULE 4.27 

CAPITALIZATION 
 See
schedule 4.15 

 SCHEDULE 7.2(d) 

EXISTING INDEBTEDNESS 
 Capital Lease
Obligations reflected on Borrower’s books and records as of September 30, 2017 in an aggregate principal amount not to exceed $436,278.00. 

 SCHEDULE 7.3(f) 

EXISTING LIENS 
 Liens securing Capital
Lease Obligations reflected on Schedule 7.2(d) so long as such Liens do not at any time encumber any property other than the property financed by such Indebtedness and any other property financed by a common creditor. 

 EXHIBIT A 

RESERVED 

  
 Exhibit A 

 EXHIBIT B 

FORM OF COMPLIANCE CERTIFICATE 

HORTONWORKS, INC. 

Date:                      ,
20     
 This Compliance Certificate is delivered pursuant to Section 6.2(b)(ii) of that certain Amended
and Restated Credit Agreement, dated as of November 1, 2017, by and among HORTONWORKS, INC., a Delaware corporation (“Borrower”), the several banks and other financial institutions or entities from time to time
party thereto, (each a “Lender” and, collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as administrative agent and collateral agent for the Lenders (in such
capacity, the “Administrative Agent”) and SVB, as Issuing Lender and Swingline Lender. Unless otherwise defined herein, terms defined in the Amended and Restated Credit Agreement and used herein shall have the meanings given
to them in the Amended and Restated Credit Agreement. 
 The undersigned, a duly authorized and acting Responsible Officer of the Borrower,
hereby certifies, in his/her capacity as an officer of the Borrower, and not in any personal capacity, as follows: 
 I have reviewed and am
familiar with the contents of this Compliance Certificate. 
 I have reviewed the terms of the Amended and Restated Credit Agreement and the
other Loan Documents and have made, or caused to be made under my supervision, a review in reasonable detail of the transactions and condition of the Borrower and its Subsidiaries during the accounting period covered by the financial statements
attached hereto as Attachment 1 (the “Financial Statements”). Except as set forth on Attachment 2, such review did not disclose the existence during or at the end of the accounting period covered by the
Financial Statements, and I have no knowledge of the existence as of the date of this Compliance Certificate, of any condition or event which constitutes a Default or an Event of Default. 

Attached hereto as Attachment 3 are the computations showing compliance with the covenants set forth in Section 7.1 of the
Amended and Restated Credit Agreement. 
 [To the extent not previously disclosed to the Administrative Agent, a description of any change
in the jurisdiction of organization of any Loan Party.] 
 [To the extent not previously disclosed to the Administrative Agent, a list of
any material patents, registered trademarks or registered copyrights issued to or acquired by any Loan Party since [the Closing Date][the date of the most recent report delivered].] 

[To the extent not previously disclosed to the Administrative Agent a description of (i) any
non-ordinary course asset sales undertaken by any Group Member, and any incurrence by any Group Member of any Indebtedness (other than Indebtedness constituting Loans or intercompany Indebtedness permitted
under the Amended and Restated Credit Agreement) in a principal amount equaling or exceeding $1,000,000, and (ii) with respect to any such asset sale or incurrence of Indebtedness, the amount of any net cash proceeds received by such Group
Member in connection therewith since the date of the most recent report delivered]. 
 [Remainder of page intentionally left blank;
signature page follows] 

  
 Exhibit B 

 IN WITNESS WHEREOF, I have executed this Compliance Certificate as of the date first written
above. 
  

			
	BORROWER:
	
	HORTONWORKS, INC.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Exhibit B 

 Attachment 1 

to Compliance Certificate 
 [Attach
Financial Statements] 

  
 Attachment 1 

 Attachment 2 

to Compliance Certificate 
 Except
as set forth below, no Default or Event of Default has occurred. [If a Default or Event of Default has occurred, the following describes the nature of the Default or Event of Default in reasonable detail and the steps, if any, being taken or
contemplated by the Borrower to be taken on account thereof.] 

  
 Attachment 2 

 Attachment 3 

to Compliance Certificate 

Preliminary Note to Compliance Certificate Calculations 

The information described herein is as of
[                    ], [        ] (the “Statement Date”), and pertains to the
Subject Period defined below, as applicable. 
  

									
	I.	  	Section 7.1(a) — Non GAAP Operating Profit (Loss)	  	
				
		  	A.	  	 Consolidated Adjusted EBITDA for the Subject Period: 

(“Subject Period” means the four fiscal quarter period ending on the Statement Date)
	  	
					
		  		  	1.	  	Consolidated Net Income for the Subject Period:	  	$            
					
		  		  	2.	  	Consolidated Interest Expense for the Subject Period:	  	$            
					
		  		  	3.	  	Provision for income taxes for the Subject Period:	  	$            
					
		  		  	4.	  	Non-cash stock-based compensation expense for the Subject Period:	  	$            
					
		  		  	5.	  	one-time acquisition or non-ordinary course legal expenses for the Subject Period in an aggregate amount not to exceed $1,000,000:	  	$            
					
		  		  	6.	  	Other one-time expenses approved by the Administrative Agent on a case-by-case basis in its sole discretion
for the Subject Period:	  	$            
					
		  		  	7.	  	Interest income for the Subject Period:	  	$            
					
		  		  	12.	  	 Non GAAP Operating Profit (Loss) for the Subject Period

(Lines I.A.1+ I.A.2+ I.A.3+ I.A.4+ I.A.5 + I.A.6 minus I.A.7):
	  	$            
				
		  		  	Minimum required1:  

Permit Non-GAAP Operating Profit (Loss) for any period of four consecutive trailing quarters ended on the last day of
any quarter ending (i) September 30, 2017, (ii) December 31, 2017, (iii) March 31, 2018, (iv) June 30, 2018, (v) September 30, 2018 and (vi) December 31, 2018 to be less than the corresponding quarterly amount
indicated in the “Non-GAAP Operating Profit (Loss)” row in the Hortonworks Projections, dated as of the Closing Date,
	  	

  
  

	1 	corresponding quarterly amount indicated in the “Non GAAP Operating Profit (Loss)” row in the Hortonworks Projections, dated as of the Closing Date provided to the Administrative Agent. 

  
 Attachment 3 

											
		  		  		  	provided to the Administrative Agent. For each fiscal quarter ending after December 31, 2018 and after December 31, 2019 respectively, minimum Non-GAAP Operating Profit (Loss)
covenant thresholds shall be agreed by the Administrative Agent and the Borrower based on Borrower’s board-approved Projections delivered pursuant to Section 6.2(c) for the fiscal year ending December 31, 2019 and December 31,
2020 respectively; provided that failure to provide such Projections or to reach agreement on such covenant thresholds on or prior to March 31 of such fiscal year shall be an immediate Event of Default. The agreement of the Administrative Agent to
establish covenant levels for the 2019 and 2020 fiscal years shall not be unreasonably withheld or delayed and shall otherwise be determined on the basis and using the methodology employed when establishing the minimum
Non-GAAP Operating Profit (Loss) covenant thresholds for the prior fiscal year.	  			
					
		  		  		  	 Covenant
compliance:        Yes  ☐            No  ☐
	  			
			
	II.	  	Section 7.1(b) — Minimum Adjusted Quick Ratio	  			
				
		  	A.	  	Quick Assets as of the Statement Date:	  			
					
		  		  	1.	  	Unrestricted cash or Cash Equivalents of the Group Members held at such time in Deposit Accounts or Securities Accounts maintained with the Administrative Agent or subject to a Control Agreement in favor of the Administrative
Agent:	  	 	$            	 
					
		  		  	2.	  	Net billed accounts receivable of the Group Members:	  	 	$            	 
					
		  		  	3.	  	 Quick Assets as of the Statement Date

(II.A.1.+ II.A.2.):
	  	 	$            	 
				
		  	B.	  	Current Liabilities as of the Statement Date:	  			
					
		  		  	1.	  	All Obligations consisting of outstanding Revolving Loans and outstanding Letters of Credit:	  	 	$            	 
					
		  		  	2.	  	Aggregate amount of Total Liabilities that may properly be classified as current liabilities on a balance sheet prepared in accordance with GAAP for the Statement Date:	  	 	$            	 
					
		  		  	3.	  	 Current Liabilities as of the Statement Date

(II.B.1.+ II.B.2.):
	  	 	$            	 
				
		  	C.	  	Current portion of Deferred Revenue as of the Statement Date:	  	 	$            	 
				
		  	D.	  	Difference of Current Liabilities minus current portion of Deferred Revenue
 (Line II.B.3.- II.C.):
	  	 	$            	 

  
 Attachment 3 

									
				
		  	D.	  	Adjusted Quick Ratio
 (Line II.A.3. divided by Line D.):
	  	        :1:00
				
		  		  	 Minimum
required2:
	  	        :1.00
				
		  		  	 Covenant
compliance:        Yes  ☐            No  ☐
	  	
			
	III.	  	Section 7.1(c) — Minimum Cash on Hand	  	
				
		  	A.	  	Unrestricted cash or Cash Equivalents of the Loan Parties held in Deposit Accounts or Securities Accounts maintained with the Administrative Agent as of the Statement Date:	  	$            
				
		  		  	 Minimum
required:
	  	$15,000,000
				
		  		  	 Covenant
compliance:        Yes  ☐            No  ☐
	  	

  
  

	2 	corresponding amount indicated in the “Minimum Adjusted Quick Ratio” row in the Hortonworks Projections, dated as of the Closing Date, provided to the Administrative Agent. 

  
 Attachment 3 

 EXHIBIT C 

FORM OF SECRETARY’S CERTIFICATE 

HORTONWORKS, INC. 
 Date:
                     , 20     

Reference is made to the Amended and Restated Credit Agreement, dated as of November 1, 2017, by and among HORTONWORKS, INC., a
Delaware corporation (“Borrower”), the several banks and other financial institutions or entities from time to time party thereto, (each a “Lender” and, collectively, the
“Lenders”), SILICON VALLEY BANK (“SVB”), as administrative agent and collateral agent for the Lenders (in such capacity, the “Administrative Agent”) and SVB, as Issuing
Lender and Swingline Lender. Unless otherwise defined herein, terms defined in the Amended and Restated Credit Agreement and used herein shall have the meanings given to them in the Amended and Restated Credit Agreement. 

The undersigned, [●], in his/her capacity as the Secretary of the Borrower, hereby certifies to the Administrative Agent on behalf of
the Borrower that as of the date hereof, and solely in his/her capacity as an officer of the Borrower, that: 
 1. Attached
hereto as Exhibit A is a true and correct copy of the certificate of incorporation of the Borrower, as certified by the Secretary of State of the State of Delaware as of the date noted thereon. The referenced certificate has not been amended
or otherwise modified since the date of such certification and is in full force and effect on the date hereof. 
 2. Attached
hereto as Exhibit B is a true and correct copy of the bylaws of the Borrower (as amended to date), which was in effect at the time the resolutions referred to below were adopted and which are in full force and effect on the date hereof.

 3. Attached hereto as Exhibit C is a true and correct copy of the resolutions which were duly adopted by the
board of directors of the Borrower on or about the date hereof and authorize the execution, delivery and performance by the Borrower of the Loan Documents to be executed and delivered by the Borrower in connection with the Amended and Restated
Credit Agreement, and such resolutions have not been rescinded, amended or modified and remain in full force and effect on the date hereof and the Administrative Agent may rely on them until Administrative Agent receives written notice of revocation
from the Borrower. 
 4. Attached hereto as Exhibit D is an officer incumbency table setting forth certain of the duly
elected, qualified and acting officers of the Borrower. Each individual listed on Exhibit D holds the office set forth opposite such individual’s name, and the signature written opposite such individual’s name and title is such
individual’s true and genuine signature. 
 [Signature page follows] 

  
 Exhibit C 

 IN WITNESS WHEREOF, the undersigned has executed and delivered this Secretary Certificate as of
the date first written above. 
  

	
	  

	 [●], Secretary

 The undersigned, [●], the [●] of the Borrower, does hereby certify to the Administrative
Agent that [●] is the duly elected, qualified and acting Secretary of the Borrower and the signature appearing above is his true and genuine signature. 

IN WITNESS WHEREOF, the undersigned has executed and delivered this Secretary Certificate as of the date first written above. 

 

	
	  

	 [●], [●]

  
 Exhibit C 

 EXHIBIT A 

CERTIFICATE OF INCORPORATION 

  
 Exhibit C 

 EXHIBIT B 

BY-LAWS 

  
 Exhibit C 

 EXHIBIT C 

RESOLUTIONS 

  
 Exhibit C 

 EXHIBIT D 

OFFICER INCUMBENCY TABLE 
  

							
	 Officer:
	  	 Title:
	  	 	 	 Signature:

				
	[●]	  	[●]	  		 	  

				
	[●]	  	[●]	  		 	  

  
 Exhibit C 

 EXHIBIT D 

FORM OF SOLVENCY CERTIFICATE 

HORTONWORKS, INC. 

Date:                      ,
20     
 To the Administrative Agent, 

and each of the Lenders party 
 to the Amended and Restated Credit
Agreement referred to below: 
 This SOLVENCY CERTIFICATE (this “Certificate”) is delivered pursuant to
Section 5.1(s) of that certain Amended and Restated Credit Agreement, dated as of November 1, 2017, by and among HORTONWORKS, INC., a Delaware corporation (“Borrower”), the several banks and other
financial institutions or entities from time to time party thereto, (each a “Lender” and, collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as administrative
agent and collateral agent for the Lenders (in such capacity, the “Administrative Agent”) and SVB, as Issuing Lender and Swingline Lender. Unless otherwise defined herein, terms defined in the Amended and Restated Credit
Agreement and used herein shall have the meanings given to them in the Amended and Restated Credit Agreement. The undersigned Chief Financial Officer of the Borrower, in such capacity only and not in her/his individual capacity, does hereby certify
on behalf of each Loan Party as of the date hereof that: 
 Borrower and its Subsidiaries, on a consolidated basis, are, and after giving
effect to the incurrence of all Indebtedness, Obligations and obligations being incurred in connection herewith, will be and will continue to be, Solvent. No transfer of property is being made by any Loan Party and no obligation is being incurred by
any Loan Party in connection with the transactions contemplated by the Amended and Restated Credit Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of such Loan Party. 

[Signature page follows] 

  
 Exhibit D 

 I represent the foregoing information to be, to the best of my knowledge and belief, true and
correct and execute this Certificate as of the date first written above. 
  

			
	HORTONWORKS, INC.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Exhibit D 

 EXHIBIT E 

FORM OF ASSIGNMENT AND ASSUMPTION 

HORTONWORKS, INC. 
 This
Assignment and Assumption Agreement (the “Assignment Agreement”) is dated as of the Assignment Effective Date set forth below and is entered into by and between the Assignor identified in item 1 below (the
“Assignor”) and the Assignee identified in item 2 below (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Amended and Restated Credit
Agreement identified below (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Amended and Restated Credit Agreement”), receipt of a copy of which is hereby
acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment Agreement as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases
and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Amended and Restated Credit Agreement, as of the Assignment Effective Date inserted by the Administrative Agent as contemplated below
(i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Amended and Restated Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and
percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including without limitation any letter of credit deposits, guarantees, and swingline loans
included in such facilities) and (ii) 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 Amended and Restated 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, but not limited to, 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 (i) above (the
rights and obligations sold and assigned by the Assignor to the Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Each such sale and assignment is without
recourse to the Assignor and, except as expressly provided in this Assignment Agreement, without representation or warranty by the Assignor. 
  

					
	1.	  	Assignor:	 	                                     
           
			
		  		 	                                     
           
			
	2.	  	Assignee:	 	                                     
           
		
		  	[for Assignee, if applicable, indicate [Affiliate][Approved Fund] of [identify Lender]]
			
	3.	  	Borrower:	 	HORTONWORKS, INC., a Delaware corporation (“Borrower”)
			
	4.	  	Administrative Agent:	 	SILICON VALLEY BANK
			
	5.	  	Credit Agreement:	 	Amended and Restated Credit Agreement, dated as of November 1, 2017, by and among BORROWER, the Lenders party thereto, and SILICON VALLEY BANK, as Administrative Agent, Issuing Lender and Swingline
Lender

  
 Exhibit E 

 6. Assigned Interest[s]: 
  

											
	 Assignor
	 	Assignee	 	Aggregate
Amount of
Commitment /
Loans for all
Lenders1	 	Amount of
Commitment /
Loans
Assigned2	 	Percentage
Assigned of
Commitment /
Loans3	 	CUSIP
Number
		 		 	$            	 	$            	 	    %	 	
		 		 	$            	 	$            	 	    %	 	
		 		 	$            	 	$            	 	    %	 	

 [7. Trade
Date:                    ]4 

Assignment Effective Date:                     ,
20     [TO BE INSERTED BY THE ADMINISTRATIVE AGENT AND WHICH SHALL BE THE ASSIGNMENT EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 

[Signature pages follow] 
  

 

	1 	Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Assignment Effective Date. 

	2 	Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Assignment Effective Date. 

	3 	Set forth, to at least 9 decimals, as a percentage of the applicable Commitment/Loans of all Lenders thereunder. 

	4 	To be completed if the Assignor(s) and the Assignee(s) intend that the minimum assignment amount is to be determined as of the Trade Date. 

  
 Exhibit E 

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

 

			
	 ASSIGNOR1

	 [NAME OF ASSIGNOR]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 ASSIGNEE2

	 [NAME OF ASSIGNEE]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
   

 

	1 	Add additional signature blocks as needed. 

	2 	Add additional signature blocks as needed. 

  
 Exhibit E 

			
	 Consented to and Accepted:

	
	 SILICON VALLEY BANK,

as Administrative Agent

		
	 By
	 	  

		 	Name:
		 	Title:
		
	 By
	 	  

		 	Name:
		 	Title:
	
	 [Consented to:]3

	
	 [NAME OF RELEVANT PARTY]

		
	 By
	 	  

		 	Name:
		 	Title:
	
	 [NAME OF RELEVANT PARTY]

		
	 By
	 	  

		 	Name:
		 	Title:

  
  

	3 	To be added only if the consent of the Borrower and/or other parties is required by the terms of the Amended and Restated Credit Agreement. 

  
 Exhibit E 

 ANNEX 1 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1.
Representations and Warranties. 
 1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal
and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment Agreement 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 Amended and
Restated 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 any Loan
Party, any of their respective Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by any Loan Party, any of their respective Subsidiaries or Affiliates or any other
Person of any of their respective obligations under any Loan Document or any other instrument or document furnished pursuant hereto or thereto. 

1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment Agreement and to consummate the transactions contemplated hereby and to become a Lender under the Amended and Restated Credit Agreement, (ii) it meets all the requirements to be an Assignee
under Section 10.6(b) of the Amended and Restated Credit Agreement (subject to such consents, if any, as may be required under Section 10.6(b)(iii) of the Amended and Restated Credit Agreement), (iii) from and after the Assignment
Effective Date, it shall be bound by the provisions of the Amended and Restated Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated
with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type,
(v) it has received a copy of the Amended and Restated Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.1 thereof, as
applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment Agreement and to purchase the Assigned Interest, (vi) it has, independently and without
reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment Agreement and to purchase the Assigned
Interest, and (vii) if it is a Foreign Lender, attached to the Assignment Agreement is any documentation required to be delivered by it pursuant to the terms of the Amended and Restated Credit Agreement, duly completed and executed by the
Assignee; and (b) agrees that (i) it will, independently and without reliance on any of the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under the Loan Documents and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be
performed by it as a Lender. 
 2. Payments. From and after the Assignment Effective Date, the Administrative Agent shall make all
payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Assignment Effective Date and to the Assignee for amounts which have
accrued from and after the Assignment Effective Date. 

  
 Exhibit E 

 3. General Provisions. This Assignment Agreement shall be binding upon, and inure to the
benefit of, the parties hereto and their respective successors and assigns. This Assignment Agreement may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature
page of this Assignment Agreement by telecopy (or other electronic method of transmission) shall be effective as delivery of a manually executed counterpart of this Assignment Agreement. This Assignment Agreement shall be governed by, and construed
and interpreted in accordance with, the laws of the State of New York. 

  
 Exhibit E 

 EXHIBIT F-1 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Not Partnerships for U.S. Federal Income Tax Purposes) 

[Date] 
 Reference is made
to that certain Amended and Restated Credit Agreement, dated as of November 1, 2017, by and among HORTONWORKS, INC., a Delaware corporation (“Borrower”), the several banks and other financial institutions or
entities from time to time party thereto, (each a “Lender” and, collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as administrative agent and collateral agent
for the Lenders (in such capacity, the “Administrative Agent”) and SVB, as Issuing Lender and Swingline Lender. 

Pursuant to the provisions of Section 2.20 of the Amended and Restated 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 Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the Borrower as described in
Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (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 Amended and Restated Credit Agreement and used herein shall have the meanings given to
them in the Amended and Restated Credit Agreement. 
 IN WITNESS WHEREOF, the undersigned has caused this certificate to be duly executed
and delivered by its proper and duly authorized signatory as of the day and year first written above. 
  

			
	 [Name of
Lender]

 
			
		
	 By
	 	  

	 Name:
	 	
	 Title:
	 	

  
 Exhibit F-1 

 EXHIBIT F-2 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Partnerships for U.S. Federal Income Tax Purposes) 

[Date] 
 Reference is made
to that certain Amended and Restated Credit Agreement, dated as of November 1, 2017, by and among HORTONWORKS, INC., a Delaware corporation (“Borrower”), the several banks and other financial institutions or
entities from time to time party thereto, (each a “Lender” and, collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as administrative agent and collateral agent
for the Lenders (in such capacity, the “Administrative Agent”) and SVB, as Issuing Lender and Swingline Lender. 

Pursuant to the provisions of Section 2.20 of the Amended and Restated 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 Code, (iii) it is not a ten percent
shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Borrower as described in
 Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person
status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in
writing, and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which 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 Amended and Restated Credit Agreement
and used herein shall have the meanings given to them in the Amended and Restated Credit Agreement. 
 IN WITNESS WHEREOF, the undersigned
has caused this certificate to be duly executed and delivered by its proper and duly authorized signatory as of the day and year first written above. 
  

			
	 [Name of
Participant]

 
			
		
	 By
	 	  

	 Name:
	 	
	 Title:
	 	

  
 Exhibit F-2 

 EXHIBIT F-3 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Partnerships for U.S. Federal Income Tax Purposes) 

[Date] 
 Reference is made
to that certain Amended and Restated Credit Agreement, dated as of November 1, 2017, by and among HORTONWORKS, INC., a Delaware corporation (“Borrower”), the several banks and other financial institutions or
entities from time to time party thereto, (each a “Lender” and, collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as administrative agent and collateral agent
for the Lenders (in such capacity, the “Administrative Agent”) and SVB, as Issuing Lender and Swingline Lender. 

Pursuant to the provisions of Section 2.20 of the Amended and Restated 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 direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect such
participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of
Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect
partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The
undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption:
(i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such
partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall
promptly so inform such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which 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
Amended and Restated Credit Agreement and used herein shall have the meanings given to them in the Amended and Restated Credit Agreement. 

IN WITNESS WHEREOF, the undersigned has caused this certificate to be duly executed and delivered by its proper and duly authorized signatory
as of the day and year first written above. 
  

			
	 [Name of
Participant]

 
			
		
	 By
	 	  

	 Name:
	 	
	 Title:
	 	

  
 Exhibit F-3 

 EXHIBIT F-4 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Partnerships for U.S. Federal Income Tax Purposes) 

[Date] 
 Reference is made
to that certain Amended and Restated Credit Agreement, dated as of November 1, 2017, by and among HORTONWORKS, INC., a Delaware corporation (“Borrower”), the several banks and other financial institutions or
entities from time to time party thereto, (each a “Lender” and, collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as administrative agent and collateral agent
for the Lenders (in such capacity, the “Administrative Agent”) and SVB, as Issuing Lender and Swingline Lender. 

Pursuant to the provisions of Section 2.20 of the Amended and Restated 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 direct or indirect 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 Amended and Restated Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect
partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect
partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as
described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Administrative Agent and the Borrower with IRS Form
W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or
(ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest
exemption. By executing this certificate, the undersigned agrees that (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 Amended and Restated Credit Agreement and
used herein shall have the meanings given to them in the Amended and Restated Credit Agreement. 
 IN WITNESS WHEREOF, the undersigned has
caused this certificate to be duly executed and delivered by its proper and duly authorized signatory as of the day and year first written above. 
  

			
	 [Name of
Lender]

 
			
		
	 By
	 	  

	 Name:
	 	
	 Title:
	 	

  
 Exhibit F-4 

 EXHIBIT G 

RESERVED 

  
 Exhibit G 

 EXHIBIT H-1 

FORM OF REVOLVING LOAN NOTE 

HORTONWORKS, INC. 
 THIS REVOLVING LOAN
NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE AMENDED AND RESTATED CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS REVOLVING LOAN NOTE AND THE OBLIGATIONS
REPRESENTED HEREBY MUST BE RECORDED IN THE REVOLVING LOAN REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF SUCH AMENDED AND RESTATED CREDIT AGREEMENT. 
  

			
	$[            ]	  	Santa Clara, California
		  	[insert date]

 FOR VALUE RECEIVED, the undersigned, HORTONWORKS, INC., a Delaware corporation
(“Borrower”), hereby unconditionally promises to pay to [insert name of applicable Lender] (the “Lender”) or its registered assigns at the Funding Office specified in the Amended and Restated
Credit Agreement (as hereinafter defined) in Dollars and in immediately available funds, on the Revolving Termination Date the principal amount of (a) [insert amount of applicable Lender’s Revolving Commitment]
($[        ]), or, if less, (b) the aggregate unpaid principal amount of all Revolving Loans made by the Lender to the Borrower pursuant to Section 2.4 of the Amended and Restated Credit
Agreement referred to below. The Borrower further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in the Amended and Restated Credit
Agreement. 
 The holder of this Revolving Loan Note (this “Note”) is authorized to indorse on the schedules annexed
hereto and made a part hereof, or a continuation thereof which shall be attached hereto and made a part hereof, the date, Type and amount of each Revolving Loan made pursuant to the Amended and Restated Credit Agreement, the date and amount of each
payment or prepayment of principal thereof, each continuation thereof, each conversion of all or a portion thereof to another Type, and, in the case of Eurodollar Loans, the length of each Interest Period with respect thereto. Each such indorsement
shall constitute prima facie evidence of the accuracy of the information indorsed. The failure to make any such indorsement or any error in any such indorsement shall not affect the obligations of the Borrower in respect of any
Revolving Loan. 
 This Note (a) is one of the Revolving Loan Notes referred to in the Amended and Restated Credit Agreement, dated as
of November 1, 2017, by and among the Borrower, the several banks and other financial institutions or entities from time to time party thereto, (each a “Lender” and, collectively, the “Lenders”),
SILICON VALLEY BANK (“SVB”), as administrative agent and collateral agent for the Lenders (in such capacity, the “Administrative Agent”) and SVB, as Issuing Lender and Swingline Lender,
(b) is subject to the provisions of the Amended and Restated Credit Agreement and (c) is subject to optional and mandatory prepayment in whole or in part as provided in the Amended and Restated Credit Agreement. This Note is secured and
guaranteed as provided in the Loan Documents. Reference is hereby made to the Loan Documents for a description of the properties and assets in which a security interest has been granted, the nature and extent of the security and the guarantees, the
terms and conditions upon which the security interests and each guarantee were granted and the rights of the holder of this Note in respect thereof. 

  
 Exhibit H-1 

 Upon the occurrence and during the continuance of any one or more Events of Default, all
principal and all accrued interest then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable, all as provided in the Amended and Restated Credit Agreement. 

All parties now and hereafter liable with respect to this Note, whether maker, principal, surety, guarantor, indorser or otherwise, hereby
waive presentment, demand, protest and all other notices of any kind. 
 Unless otherwise defined herein, terms defined in the Amended and
Restated Credit Agreement and used herein shall have the meanings given to them in the Amended and Restated Credit Agreement. 

NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN OR IN THE AMENDED AND RESTATED CREDIT AGREEMENT, THIS NOTE MAY NOT BE TRANSFERRED
EXCEPT PURSUANT TO AND IN ACCORDANCE WITH THE REGISTRATION AND OTHER PROVISIONS OF SECTION 10.6 OF THE AMENDED AND RESTATED CREDIT AGREEMENT. 

THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 

			
	BORROWER:
	
	HORTONWORKS, INC.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Exhibit H-1 

 Schedule A to Form of Revolving Loan Note 

LOANS AND REPAYMENTS OF ABR LOANS 
  

									
	 Date
	  	 Amount of ABR
Loans
	  	 Amount of Principal
of ABR Loans
Repaid
	  	 Unpaid Principal
Balance of
ABR Loans
	  	 Notation
Made By

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 Exhibit H-1 

 Schedule B to Form of Revolving Loan Note 

LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS 
  

															
	 Date
	  	 Amount of
Eurodollar
Loans
	  	 Amount
Converted to
Eurodollar
Loans
	  	 Interest
Period and
Eurodollar
Rate
with
Respect
Thereto
	  	 Amount of
Principal
of
Eurodollar
Loans
Repaid
	  	 Amount of
Eurodollar
Loans
Converted to
ABR
Loans
	  	 Unpaid
Principal
Balance of
Eurodollar
Loans
	  	 Notation
Made By

		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	

  
 Exhibit H-1 

 EXHIBIT H-2 

FORM OF SWINGLINE LOAN NOTE 

HORTONWORKS, INC. 
 THIS SWINGLINE LOAN
NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE AMENDED AND RESTATED CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS SWINGLINE LOAN NOTE AND THE OBLIGATIONS
REPRESENTED HEREBY MUST BE RECORDED IN THE REVOLVING LOAN REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF SUCH AMENDED AND RESTATED CREDIT AGREEMENT. 
  

			
	$[            ]	  	Santa Clara, California
		  	[insert date]

 FOR VALUE RECEIVED, the undersigned, HORTONWORKS, INC., a Delaware corporation
(“Borrower”), hereby unconditionally promises to pay to [insert name of applicable Lender] (the “Lender”) or its registered assigns at the Funding Office specified in the Amended and Restated
Credit Agreement (as hereinafter defined) in Dollars and in immediately available funds, on the Revolving Termination Date the principal amount of (a) [insert amount of applicable Lender’s Revolving Commitment]
($[        ]), or, if less, (b) the aggregate unpaid principal amount of all Swingline Loans made by the Lender to the Borrower pursuant to Section 2.6 of the Amended and Restated Credit
Agreement referred to below. The Borrower further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in the Amended and Restated Credit
Agreement. 
 The holder of this Swingline Loan Note (this “Note”) is authorized to indorse on the schedules annexed
hereto and made a part hereof, or a continuation thereof which shall be attached hereto and made a part hereof, the date and amount of each Swingline Loan made pursuant to the Amended and Restated Credit Agreement, and the date and amount of each
payment or prepayment of principal thereof. Each such indorsement shall constitute prima facie evidence of the accuracy of the information indorsed. The failure to make any such indorsement or any error in any such indorsement shall
not affect the obligations of the Borrower in respect of any Swingline Loan. 
 This Note (a) is the Swingline Loan Note referred to in
the Amended and Restated Credit Agreement, dated as of November 1, 2017, by and among the Borrower, the several banks and other financial institutions or entities from time to time party thereto, (each a “Lender” and,
collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as administrative agent and collateral agent for the Lenders (in such capacity, the “Administrative Agent”) and
SVB, as Issuing Lender and Swingline Lender, (b) is subject to the provisions of the Amended and Restated Credit Agreement and (c) is subject to optional and mandatory prepayment in whole or in part as provided in the Amended and Restated
Credit Agreement. This Note is secured and guaranteed as provided in the Loan Documents. Reference is hereby made to the Loan Documents for a description of the properties and assets in which a security interest has been granted, the nature and
extent of the security and the guarantees, the terms and conditions upon which the security interests and each guarantee were granted and the rights of the holder of this Note in respect thereof. 

Upon the occurrence and during the continuance of any one or more Events of Default, all principal and all accrued interest then remaining
unpaid on this Note shall become, or may be declared to be, immediately due and payable, all as provided in the Amended and Restated Credit Agreement. 

  
 Exhibit H-2 

 EXHIBIT H-2 

All parties now and hereafter liable with respect to this Note, whether maker, principal, surety, guarantor, indorser or otherwise, hereby
waive presentment, demand, protest and all other notices of any kind. 
 Unless otherwise defined herein, terms defined in the Amended and
Restated Credit Agreement and used herein shall have the meanings given to them in the Amended and Restated Credit Agreement. 

NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN OR IN THE AMENDED AND RESTATED CREDIT AGREEMENT, THIS NOTE MAY NOT BE TRANSFERRED
EXCEPT PURSUANT TO AND IN ACCORDANCE WITH THE REGISTRATION AND OTHER PROVISIONS OF SECTION 10.6 OF THE AMENDED AND RESTATED CREDIT AGREEMENT. 

THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 

			
	BORROWER:
	
	HORTONWORKS, INC.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Exhibit H-2 

 Schedule A to Form of Swingline Loan Note 

LOANS AND REPAYMENTS OF LOANS 
  

									
	 Date
	  	 Amount of ABR

Loans
	  	 Amount of Principal

of ABR Loans
 Repaid
	  	 Unpaid Principal

Balance of
ABR Loans
	  	 Notation

Made By

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 Exhibit H-2 

 EXHIBIT I 

RESERVED 

  
 Exhibit I 

 EXHIBIT J 

FORM OF COLLATERAL INFORMATION CERTIFICATE 

(Please see attached form) 

  
 Exhibit J 

 EXHIBIT K 

FORM OF NOTICE OF BORROWING 

HORTONWORKS, INC. 

Date:                     

  

	TO:	SILICON VALLEY BANK 

 3003
Tasman Drive 
 Santa Clara, CA 95054 

Attention: Corporate Services Department 
  

	RE:	Amended and Restated Credit Agreement, dated as of November 1, 2017, by and among HORTONWORKS, INC., a Delaware corporation (“Borrower”), the several banks and other financial
institutions or entities from time to time party thereto, (each a “Lender” and, collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as administrative agent and
collateral agent for the Lenders (in such capacity, the “Administrative Agent”) and SVB, as Issuing Lender and Swingline Lender. Capitalized terms used but not otherwise defined herein shall have the respective meanings given
to such terms in the Amended and Restated Credit Agreement. 

 Ladies and Gentlemen: 

The undersigned refers to the Amended and Restated Credit Agreement and hereby gives you irrevocable notice, pursuant to Section [2.5]
[2.7] of the Amended and Restated Credit Agreement, of the borrowing of a [Revolving Loan] [Swingline Loan]. 
 1. The requested Borrowing
Date, which shall be a Business Day, is                     . 

2. The aggregate amount of the requested Loan is $        . 

3. The requested loan shall consist of [$         of ABR Loans] [and]
[$         of Eurodollar Loans]. 
 4. [The duration of the Interest Period for the Eurodollar Loans
included in the requested Loan shall be [one] [two] [three] [six] months.]10 
 5. [The
undersigned hereby directs the Administrative Agent to disburse the proceeds from the Loans to be made on the Closing Date, and any other funds described and as set forth in the Sources and Uses/Funds Flow attached hereto as Exhibit A]11 [Insert instructions for remittance of the proceeds of the applicable Loans to be borrowed.]12 

6. The undersigned, in his/her capacity as a Responsible Officer of the Borrower and not in his/her individual capacity, hereby certifies that
the following statements are true on the date hereof, and will be true on the date of the proposed Loan before and after giving effect thereto, and to the application of the proceeds therefrom, as applicable: 

 
  

	10 	To be included only for Eurodollar Loans. 

	11 	To be used for any Notice of Borrowing after the Closing Date. 

	12 	To be used for Notice of Borrowing on the Closing Date. 

  
 Exhibit K 

 EXHIBIT K 

(a) each representation and warranty of each Loan Party contained in or pursuant to any Loan Document (i) to the extent qualified by
materiality, is true and correct, and (ii) to the extent not qualified by materiality, is true and correct in all material respects, in each case, on and as of the date hereof as if made on and as of the date hereof, except to the extent such
representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date; and 

(b) no Default or Event of Default exists or will occur after giving effect to the extensions of credit requested herein[; and, 

(c) immediately after giving effect to such Revolving Extension of Credit, the Total Revolving Extensions of Credit shall not exceed the Total
Revolving Commitments in effect at such time.]13 
 [Signature page follows] 

 
  

	13 	To be included for any Notice of Borrowing with respect to Revolving Loans or Swingline Loans 

  
 Exhibit K 

 IN WITNESS WHEREOF, the undersigned has caused this notice to be duly executed and delivered by
its proper and duly authorized officer as of the day and year first written above. 
  

			
	BORROWER:
	
	HORTONWORKS, INC.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 For internal Bank use only 

 

									
	 	 	 Eurodollar Pricing Date
	  	 Eurodollar Rate
	  	 Eurodollar Variance
	  	 Maturity Date

		 		  		  	    %	  	

  
 Exhibit K 

 EXHIBIT L 

FORM OF NOTICE OF CONVERSION/CONTINUATION 

HORTONWORKS, INC. 

Date:                    

  

	TO:	SILICON VALLEY BANK, AS ADMINISTRATIVE AGENT 

3003 Tasman Drive 
 Santa Clara,
CA 95054 
 Attention: Corporate Services Department 
  

	RE:	Amended and Restated Credit Agreement, dated as of November 1, 2017, by and among HORTONWORKS, INC., a Delaware corporation (“Borrower”), the several banks and other financial
institutions or entities from time to time party thereto, (each a “Lender” and, collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as administrative agent and
collateral agent for the Lenders (in such capacity, the “Administrative Agent”) and SVB, as Issuing Lender and Swingline Lender. Capitalized terms used but not otherwise defined herein shall have the respective meanings given
to such terms in the Amended and Restated Credit Agreement. 

 Ladies and Gentlemen: 

The undersigned, in his/her capacity as a Responsible Officer of the Borrower and not in his/her individual capacity, refers to the Amended
and Restated Credit Agreement and hereby gives you irrevocable notice pursuant to Section [2.13(a)] [2.13(b)] of the Amended and Restated Credit Agreement, of the [conversion] [continuation] of the Loans specified herein, that: 

1. The date of the [conversion] [continuation] is
                    . 
 2. The
aggregate amount of the proposed Loans to be [converted] [continued] is $         
 4. The
Loans are to be [converted into] [continued as] [Eurodollar] [ABR] Loans. 
 5. The duration of the Interest Period for the Eurodollar Loans
included in the [conversion] [continuation] shall be [one][two][three][six] months. 
 [Signature page follows] 

  
 Exhibit L 

 EXHIBIT L 

IN WITNESS WHEREOF, the undersigned has caused this notice to be duly executed and delivered by its proper and duly authorized officer as of
the day and year first written above. 
  

			
	HORTONWORKS, INC.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 For internal Bank use only 

 

									
	 	 	 Eurodollar Pricing Date
	  	 Eurodollar Rate
	  	 Eurodollar Variance
	  	 Maturity Date

		 		  		  	    %	  	

  
 Exhibit LExhibit

Exhibit 10.1
[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

EXECUTION COPY

AMENDED AND RESTATED COMMERCIAL SUPPLY AGREEMENT
(Amantadine HCl extended release capsules)
This Amended and Restated Commercial Supply Agreement (“Amended and Restated Agreement”) is effective as of February 16, 2017 (“Restatement Effective Date”), by and between Adamas Pharmaceuticals, Inc., a Delaware corporation, with a place of business at 1900 Powell St., Suite 750, Emeryville, CA 94608 (“Client”), and Catalent Pharma Solutions, LLC, a Delaware limited liability company, with a place of business at 14 Schoolhouse Road, Somerset, New Jersey 08873, USA (“Catalent”).
RECITALS
A.    Client is a specialty pharmaceutical company that develops and plans to market and sell pharmaceutical products;
B.    Catalent is a leading provider of advanced technologies, and development, manufacturing and packaging services for pharmaceutical, biotechnology and consumer healthcare companies;
C.    Client desires to engage Catalent to provide certain services to Client in connection with the processing and manufacture of Client’s Product, ADS-5102, a proprietary controlled-released version of amantadine HCl that is in development for the treatment of levodopa induced dyskinesia, or LID, a complication associated with the treatment of Parkinson’s disease, and potentially as a treatment for one or more additional disorders of the central nervous system, and Catalent desires to provide such services, all pursuant to the terms and conditions set forth in this Agreement;
D.    Effective as of June 29, 2015 (“Effective Date”) Client and Catalent entered into that certain Commercial Supply Agreement (“Original Agreement”) and the Parties now desire to amend certain terms of the Original Agreement and restate the Original Agreement in its entirety on the terms and conditions set forth in this this Amended and Restated Agreement.
THEREFORE, in consideration of the mutual covenants, terms and conditions set forth below, the parties agree as follows:
ARTICLE 1
DEFINITIONS
The following terms have the following meanings in this Agreement:
1.1    “Acknowledgement” has the meaning set forth in Section 4.3.

CONFIDENTIAL

1.2    “Affiliate(s)” means, with respect to Client or any third party, any corporation, firm, partnership or other entity that controls, is controlled by or is under common control with such entity; and with respect to Catalent, Catalent Pharma Solutions, Inc. and any corporation, firm, partnership or other entity controlled by it.  For the purposes of this definition, “control” means the ownership of at least 50% of the voting share capital of an entity or any other comparable equity or ownership interest.
1.3    “Agreement” means the Original Agreement (including all its Attachments and other appendices) as in effect from the Effective Date until the Restatement Effective Date, together with the Amended and Restated Agreement, which pursuant to Section 18.1 below replaces the Original Agreement in its entirety as of the Restatement Effective Date, including with respect to this Amended and Restated Agreement its Attachments and other appendices (all of which are incorporated herein by reference) and any amendments to any of the foregoing made as provided herein or therein.
1.4    “API” means the compound Amantadine HCl, as further described in the Specifications, that has been provided on behalf of Client to Catalent along with a certificate of analysis as provided in this Agreement and in accordance with Section 3.1 (b).
1.5    “[*]” has the meaning set forth in [*].
1.6    “Applicable Laws” means, with respect to Client, all laws, ordinances, rules and regulations, as amended from time to time, of each jurisdiction in which API or Product is produced, marketed, distributed, used or sold, together with the FDA’s Guidance, Non-Penicillin Beta-Lactam Drugs: A CGMP Framework for Preventing Cross-Contamination.; and with respect to Catalent, all laws, ordinances, rules and regulations, as amended from time to time, of the jurisdiction in which Catalent Processes Product, including cGMP.
1.7    “Batch” means a defined quantity of Product that has been or is being Processed in accordance with the Specifications and in conformity with the terms of this Agreement.  Notwithstanding the foregoing, upon tender of delivery of Product by Catalent to Client, the Batch shall have completed Processing, including encapsulation into either the 170 mg or 85 mg dosage form, and released in accordance with Section 5.1 and the Quality Agreement.  For purposes of clarity, as of the Restatement Effective Date, the estimated quantity of Product is approximately such number of capsules as set forth on Attachment C, which may increase over time for a variety of reasons, including but not limited to, increased yields or efficiencies in the Process.
1.8    “Catalent” has the meaning set forth in the introductory paragraph, or any successor or permitted assign.  As permitted and in conformity with the provisions of Section 18.7, Catalent shall have the right to cause any of its Affiliates to perform any of its obligations hereunder, and Client shall accept such performance as if it were performance by Catalent to the extent set forth in Section 18.7.
1.9    “Catalent Commitment” has the meaning set forth in Section 4.3B.

2
[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

CONFIDENTIAL

1.10    “Catalent Defective Processing” has the meaning set forth in Section 5.2.
1.11    “Catalent Indemnitees” has the meaning set forth in Section 13.2.
1.12    “Catalent IP” has the meaning set forth in Article 11.
1.13    “cGMP” means current good manufacturing practice and standards as provided for (and as amended from time to time) in the current Good Manufacturing Practice Regulations of the U.S. Code of Federal Regulations Title 21 (21 C.F.R. §§210 and 211), in the European Community Directive 2003/94/EC (Principles and guidelines of good manufacturing practice for medicinal products) in relation to the production of finished pharmaceutical products, as interpreted by ICH Harmonised Tripartite Guideline, Good Manufacturing Practice Guides for Active Pharmaceutical Ingredients (Q7a), and Pharmaceutical Quality System (Q10), and in the Territory, as applicable, and subject to any arrangements, additions or clarifications, and the respective roles and responsibilities, agreed from time to time between the Parties.
1.14    “Client” has the meaning set forth in the introductory paragraph, or any successor or permitted assign.
1.15    “Client Indemnitees” has the meaning set forth in Section 13.1.
1.16    “Client IP” has the meaning set forth in Article 11.
1.17    “Client-supplied Materials” means any materials to be supplied by or on behalf of Client to Catalent for Processing, as provided in Attachment B, including API and certain specified reference standards listed thereon, if any.
1.18    “Commencement Date” means the first date upon which a Regulatory Authority approves Catalent as a manufacturer of any Product.
1.19    “Confidential Information” has the meaning set forth in Section 10.1.
1.20    “Contract Year” means each consecutive 12 month period beginning on the Commencement Date or anniversary thereof, as applicable, provided that Contract Year 1 shall start on the Restatement Effective Date and end after the 12 month period beginning on the Commencement Date.
1.21    “Defective Product” has the meaning set forth in Section 5.2.
1.22    “Discloser” has the meaning set forth in Section 10.1.
1.23    “Effective Date” has the meaning set forth in the Recitals.
1.24    “Exception Notice” has the meaning set forth in Section 5.2.
1.25    “Facility” means Catalent’s facilities located in (a) [*], as each is determined acceptable by the Client from time to time, and (b) such other location as mutually agreed by the parties.  Catalent 

3
[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

CONFIDENTIAL

shall only Process Product at a Facility in accordance with the foregoing and the terms of this Agreement.
1.26    “Firm Commitment” has the meaning set forth in Section 4.2.
1.27    “Initial Forecast” has the meaning set forth in Section 4.2.
1.28    “Invention” has the meaning set forth in Article 11.
1.29    “Joint Steering Committee” or “JSC” has the meaning set forth in Section 4.10.
1.30    “Losses” has the meaning set forth in Section 13.1.
1.31    “Minimum Requirement” has the meaning set forth in Section 4.1.
1.32    “Pellet Batch” means a Batch that remains in Process after (a) completion of manufacture, blending and lubrication of the pellets, and prior to (b) encapsulation.  For purposes of clarity, the parties reference Pellet Batches in Section 4.7 for purposes of determining quantities of Raw Material Safety Stock regardless of dosage form but are not intending for delivery of Product at such stage of Processing.
1.33    “Process” or “Processing” means the compounding, filling or pressing, producing, manufacture and bulk packaging (but not secondary or retail packaging) of Client-supplied Materials and Raw Materials into Product by Catalent, in accordance with the Specifications and under the terms of this Agreement.
1.34    “Processing Date” means the day on which the first step of physical Processing is scheduled to occur, as identified in an Acknowledgement.
1.35    “[*]” has the meaning set forth in [*].
1.36    “Product” means the bulk pharmaceutical product containing the API, as more specifically described in the Specifications.
1.37    “Product Maintenance Services” has the meaning set forth in Section 2.3.
1.38    “Purchase Order” has the meaning set forth in Section 4.3.
1.39    “Quality Agreement” has the meaning set forth in Section 9.6.
1.40    “Raw Materials” means all raw materials, supplies, components and packaging necessary to manufacture and ship Product in accordance with the Specifications, as provided in Attachment B, but excluding Client-supplied Materials.
1.41    “Raw Material Safety Stock” has the meaning set forth in Section 4.7.
1.42    “Recall” has the meaning set forth in Section 9.5.

4
[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

CONFIDENTIAL

1.43    “Recipient” has the meaning set forth in Section 10.1.
1.44    “Regulatory Approval” means any approvals, permits, product and/or establishment licenses, registrations or authorizations, including approvals pursuant to U.S. Investigational New Drug applications, New Drug Applications and Abbreviated New Drug Applications (or equivalent non-U.S. filings, such as European marketing authorization applications), as applicable, of any Regulatory Authorities that are necessary or advisable in connection with the development, manufacture, testing, use, storage, exportation, importation, transport, promotion, marketing, distribution or sale of API or Product in the Territory.
1.45    “Regulatory Authority” means the international, federal, state or local governmental or regulatory bodies, agencies, departments, bureaus, courts or other entities in the Territory that are responsible for (A) the regulation (including pricing) of any aspect of pharmaceutical or medicinal products intended for human use or (B) health, safety or environmental matters generally.  In the United States, this includes the United States Food and Drug Administration (the “FDA”); and in the European Union, this includes the European Medicines Agency.
1.46    “Representatives” of an entity means such entity’s duly-authorized officers, directors, employees, agents, accountants, attorneys or other professional advisors.
1.47    “Review Period” has the meaning set forth in Section 5.2.
1.48    “Rolling Forecast” has the meaning set forth in Section 4.2.
1.49    “Shortfall Payment” and “Shortfall Percentage” have the meanings set forth m Section 4.1.
1.50    “Specifications” means the procedures, requirements, standards, quality control testing and other data and the scope of services as set forth in Attachment B, as modified from time to time in accordance with Article 8.
1.51    “Supply Failure” has the meaning set forth in Section 4.8.
1.52    “Term” has the meaning set forth in Section 16.1.
1.53    “Territory” means those countries set forth in Schedule 1.51, as modified and agreed to by the parties from time to time in an amendment to this Agreement.  Catalent shall make commercially reasonable efforts to accommodate additional countries, but shall not be obliged to Process Products for sale in any of such countries if it is prevented from doing so, or would be required to obtain or apply for special permission to do so with an unreasonable or significant level of effort, due to any restrictions (such as embargoes) imposed on it by any governmental authorities, including without limitation, those imposed by the U.S. Office of Foreign Assets Control.
1.54    “Unit Pricing” has the meaning set forth in Section 7.1(B).

5
[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

CONFIDENTIAL

1.55    “Validation Services” has the meaning set forth in Section 2.1.
1.56    “Vendor” has the meaning set forth in Section 3.2(B).
ARTICLE 2 
VALIDATION, PROCESSING & RELATED SERVICES
2.1    Validation Services.  Catalent shall perform the Product qualification, validation and stability services described in Attachment A (the “Validation Services”) in accordance with the timelines specified in Attachment A.
2.2    Product Processing and Supply of Product.
		
	2.2.1
	Catalent shall Process Product in accordance with the Specifications, Applicable Laws and the terms and conditions of this Agreement.

		
	2.2.2
	Personnel: Catalent shall provide an adequate number of properly trained operators and technicians to conduct all Product Processing, and such training shall be documented and promptly available to Client for review upon request.  Catalent Quality Assurance personnel shall document and maintain a routine manufacturing room presence during all Product Processing activities, observing Product Processing at least one time per Catalent work shift.  Quality Assurance documentation shall be promptly available to Client for review, upon request.

		
	2.2.3
	Equipment: Catalent shall ensure that all equipment required for Product Processing is validated and calibrated, as necessary, and available prior to Product Processing.  Catalent shall ensure equipment redundancies, as requested by Client, in the event that equipment malfunctions prior to or during Product Processing, for example, [*].  To the extent that [*] such equipment in order to [*], Client agrees to [*] such equipment [*], and Catalent agrees to [*] such equipment [*], and to [*] such equipment [*] determined by the parties.

		
	2.2.4
	Catalent shall provide to Client a detailed Processing plan and schedule at least [*] prior to start of Product Processing for each Client Product Batch or Campaign, specifying and confirming all preparatory and Processing steps, the equipment to be utilized in Product Processing, the raw materials to be utilized, and the raw material release dates, which dates shall be at least [*] prior to start of Product Processing,

		
	2.2.5
	Client and its Affiliates shall purchase from Catalent their requirements of Product, subject to Section 4.1, and in accordance with the terms and conditions of this Agreement; provided, however, that nothing herein shall be construed to preclude Client from purchasing Product from one or more other manufacturers.  Catalent shall provide an adequate number of properly trained operators and technicians to conduct all Product Processing, and such training shall be documented and promptly available to Client for review upon request.

6
[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

CONFIDENTIAL

2.3    Product Maintenance Services.  Catalent shall provide the following product maintenance services on a timely basis and in accordance with the Specifications, Applicable Laws and the terms of this Agreement (the “Product Maintenance Services”): [*], if applicable; [*], including [*], as applicable.  For avoidance of doubt, the following services and items are not included in Product Maintenance Services: [*], as applicable.
2.4    Other Related Services.  Catalent shall provide such Product-related services, other than Validation Services, Processing or Product Maintenance Services, including but not limited to, services to [*], and such other services as agreed to in writing by the parties from time to time.  Such writing shall include the scope and reasonable fees for any such services and be appended to this Agreement in the form of the attached work order as set forth on Exhibit I (the “Work Order”).  The terms and conditions of this Agreement shall govern and apply to such services.
ARTICLE 3 
MATERIALS
3.1    Client-supplied Materials.
A.    Client shall supply to Catalent for Processing, at Client’s cost, all Client-supplied Materials, in quantities sufficient to meet Client’s requirements for Product.  Client shall deliver such items and associated certificates of analysis to the Facility no later than [*] (but not earlier than [*]) before the Processing Date.  Client shall be responsible at its expense for securing any necessary export or import, or similar clearances or permits required in respect of such supply.  Catalent shall use such items solely for Processing.  Prior to delivery of any such items, Client shall provide to Catalent a copy of all associated material safety data sheets, safe handling instructions and health and environmental information, and shall promptly provide any updates thereto.
B.    Following receipt of Client-supplied Materials, Catalent shall (i) promptly inspect such items to verify their identity and (ii) with respect to API, Catalent shall be responsible for release of the API, in accordance with the Specification, including identification test, visual inspection for appearance and review of the certificate of analysis.  Unless otherwise set forth in this Agreement, including the Specifications, Catalent shall have no additional obligation to test such items to confirm that they meet the associated specifications or certificate of analysis or otherwise; but in the event that Catalent detects a nonconformity with Specifications, Catalent shall give Client prompt notice of such nonconformity pursuant to the requirements in the Quality Agreement.  Catalent shall not be liable for any defects in Client-supplied Materials, or in Product as a result of defective Client-supplied Materials, unless Catalent failed to properly perform the foregoing obligations.  Catalent shall follow Client’s reasonable written instructions in respect of return or disposal of defective Client-supplied Materials, at Client’s cost.
C.    Client shall retain title to Client-supplied Materials at all times and shall bear the risk of loss thereof.
3.2    Raw Materials.

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A.    Catalent shall be responsible for procuring, inspecting and releasing adequate Raw Materials as necessary to meet the Firm Commitment, unless otherwise agreed to by the parties in writing.  Catalent shall not be liable for any delay in delivery of Product if (i) Catalent is unable to obtain, in a timely manner, a particular Raw Material necessary for Processing after having made commercially reasonable efforts to secure such Raw Material, (ii) Catalent placed orders for such Raw Materials promptly following receipt of Client’s Firm Commitment.  In the event that any Raw Material becomes subject to purchase lead time beyond the Firm Commitment time frame, the parties will negotiate in good faith an appropriate amendment to this Agreement, including Section 4.2.
B.    In certain instances, Client may require a specific supplier, manufacturer or vendor (“Vendor”) to be used for Raw Material.  In such an event, (i) such Vendor will be identified in the Specifications and (ii) if the Vendor was not previously qualified by Catalent, then (a) the Raw Materials from such Vendor shall be deemed Client-supplied Materials for purposes of this Agreement, as set forth on Attachment B and (b) if the cost of the Raw Materials from any such Vendor is greater than Catalent’s costs for the same raw material of equal quality from other vendors, Catalent shall add the difference between Catalent’s cost of the Raw Material and the Vendor’s cost of the Raw Material to the Unit Pricing.  Client will be responsible for all costs associated with qualification of any such Vendor who has not been previously qualified by Catalent.  For purposes of clarity, a list of Vendors that have already been qualified are set forth on Attachment B.  In the event of (i) a Specification change for any reason (other than Catalent’ s own business needs), which shall be subject to Client’s approval as set forth in the Quality Agreement, (ii) obsolescence of any Raw Material or (iii) termination (other than by Client pursuant to Section 16.2(A) or (B)) or expiration of this Agreement, Client shall bear the cost of any unused Raw Materials (including packaging), so long as Catalent purchased such Raw Materials in quantities consistent with Client’s most recent Firm Commitment or for purposes of Raw Material Safety Stock.
3.3    Artwork and Labeling.  Client shall provide or approve, prior to the procurement of applicable Raw Material, all artwork, advertising and labeling information necessary for Processing, if any.  Such artwork, advertising and labeling information is and shall remain the exclusive property of Client, and Client shall be solely responsible for the content thereof.  Such artwork, advertising and labeling information or any reproduction thereof may not be used by Catalent in any manner other than performing its obligations hereunder.
3.4    Inventory.  Within three (3) business days after the end of each calendar month, Catalent shall provide to Client an inventory report reporting the quantity of Client-supplied Materials, Raw Materials, Products and work-in-progress in Catalent’s inventory.
ARTICLE 4 
MINIMUM REQUIREMENT, PURCHASE ORDERS & FORECASTS
4.1    Minimum Requirement.

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	A.
	Subject to Section 4.8 (Failure to Supply) and Section 4.1.B and after the Commencement Date, Client shall purchase and accept delivery of Product in a Contract Year such that the sum of all purchases of such Product, in aggregate, is equal to or greater than the minimum requirement for such Contract Year set forth in Section II of Attachment C (the “Minimum Requirement”).  For clarity, any Product purchased by Client in the entirety of Contract Year 1, regardless of whether before the Commencement Date, shall be credited towards Client’s obligation to purchase the Minimum Requirements for Contract Year 1.

For purposes of clarity, the parties shall consider those Batches of Product delivered in a Contract Year for purposes of calculating Client’s satisfaction of the Minimum Requirement and Firm Commitment relative to the Rolling Forecast in Section 4.2 below.
		
	B.
	Shortfall Payment.  If Client does not purchase such Minimum Requirement during a Contract Year, then within [*] after the end of such Contract Year, Client shall pay Catalent the amount calculated as follows (the “Shortfall Payment”):

[*]
Shortfall Payments payable on the Minimum Requirement for any particular Contract Year shall be reduced by any Firm Commitment Payments previously made or made at the same time by Client with respect to any quarterly Firm Commitment during that same Contract Year.  For clarity, payments made in accordance with this Section 4.1.B shall cure the applicable failure by Client to purchase Minimum Requirements, in full, and Catalent shall have no further right to seek damages or terminate this Agreement as a result of such failure.
4.2    Forecast.  On or before [*] each calendar quarter, beginning at least [*] prior to the anticipated Commencement Date, Client shall furnish to Catalent a written rolling forecast of the quantities of Product that Client intends to purchase from Catalent during subsequent [*], beginning with the [*] (“Rolling Forecast”).  For purposes of clarity, the initial Rolling Forecast shall cover the timeframe from the Commencement Date to [*] thereafter (i.e. [*] period).  An example of the mechanics of the Rolling Forecast and the Batches delivered pursuant to the issuance of Purchase Orders is set forth on Attachment D.  For (i) the initial Rolling Forecast and each Rolling Forecast delivered prior to the actual Commencement Date, the first [*] of the Rolling Forecast that includes the anticipated Commencement Date shall constitute a binding order (the “Firm Commitment”), and the following [*] shall be non-binding, good faith estimates, and (ii) each Rolling Forecast delivered on or after the actual Commencement Date, the first [*] of such Rolling Forecast shall be the Firm Commitment and [*] of the Rolling Forecast shall be non-binding, good faith estimates.  In the event of a delay in the anticipated Commencement Date, the parties agree that the Minimum Requirement and the Firm Commitment shall be adjusted accordingly.

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4.3    Purchase Orders.
A.    From time to time as provided in this Section 4.3(A), Client shall submit to Catalent a binding, non-cancelable purchase order for Product specifying the number of Batches to be Processed, the Batch size (to the extent the Specifications permit Batches of different sizes) and the specified delivery date for each Batch (“Purchase Order”) in accordance with Attachment C and in the form attached hereto as Exhibit II.  Purchase Orders for quantities of Product shall be submitted by Client at least [*] in advance of the delivery date requested in the Purchase Order, unless otherwise agreed by Catalent.
B.    Promptly (and within [*]) following receipt of a Purchase Order, Catalent shall issue a written acknowledgement (“Acknowledgement”) that it accepts or rejects such Purchase Order.  Each acceptance Acknowledgement shall either confirm the delivery date set forth in the Purchase Order or set forth a reasonable alternative delivery date consistent with Catalent’s obligations hereunder, and shall include the Processing Date.  Catalent shall accept any Purchase Order (i) for [*], as long as it is [*] of the Firm Commitment for such period, and (ii) for Contract Year 3 and each Contract Year thereafter, as long as it is [*] of the Firm Commitment for such Period, in each case rounded up to the nearest whole number of Batches (the “Catalent Commitment”).  Catalent may reject any Purchase Order in excess of the Catalent Commitment (subject to Section 4.3(C)), or otherwise not given in accordance with this Agreement.  Catalent shall be required to accept an otherwise conforming Purchase Order and shall Process and deliver Product in conformity with Purchase Order and this Agreement.
C.    Notwithstanding Section 4.3(B), Catalent shall use commercially-reasonable efforts to supply Client with the specified quantity of Product in excess of the Catalent Commitment, subject to Catalent’s other supply commitments and manufacturing, packaging and equipment capacity.
D.    In the event of a conflict between the terms of any Purchase Order, Work Order or Acknowledgement, Quality Agreement and this Agreement, the terms of this Agreement shall control except to the extent set forth in Section 9.6.
4.4    Catalent’s Cancellation of Purchase Orders.  Notwithstanding Section 4.5, Catalent reserves the right to cancel all, or any part of, a Purchase Order upon written notice to Client, and Catalent shall have no further obligations or liability with respect to such Purchase Order, if Client refuses or fails to timely supply conforming Client-supplied Materials in accordance with Section 3.1.  Any such cancellation of Purchase Orders shall not constitute a breach of this Agreement by Catalent nor shall it absolve Client of its obligation in respect of the Minimum Requirement.
4.5    Client’s Modification or Cancellation of Purchase Orders.
A.    Client may modify the delivery date or quantity of Product in a Purchase Order only by submitting a written change order to Catalent at least [*] in advance of the earliest Processing Date covered by such change order.  Such change order shall be effective and binding against 

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Catalent only upon the written approval of Catalent, and notwithstanding the foregoing, Client shall remain responsible for the Firm Commitment.
B.    Notwithstanding any amounts due to Catalent under Section 4.4 or Section 4.1, if Client fails to place Purchase Orders sufficient to satisfy the Firm Commitment, Client shall pay to Catalent an amount equal to [*] (the “Firm Commitment Payment”).  For clarity, payments made in accordance with this Section 4.5.B shall cure the applicable failure by Client to place Purchase Orders sufficient to satisfy the Firm Commitment, in full, and Catalent shall have no further right to seek damages or terminate this Agreement as a result of such failure.
C.    Neither changes to nor postponement of any Batch of Product, nor the payment of the fees described in this Section 4.5, will reduce or in any way affect Client’s Minimum Requirement obligations set forth in Section 4.1, except as expressly set forth in Section 4.1.
4.6    Unplanned Delay or Elimination of Processing.  Catalent shall meet the Purchase Orders, subject to the terms and conditions of this Agreement.  Catalent shall provide Client with as much advance notice as practicable if Catalent determines that any Processing will be delayed or eliminated for any reason.
4.7    Raw Material Safety Stock.  Promptly following the Restatement Effective Date, Catalent shall establish and maintain at its cost but for the benefit of Client, a minimum quantity of Raw Materials to Process [*] and [*] (the “Raw Material Safety Stock”).  The Raw Materials Safety Stock shall be maintained and stored in accordance with the terms of this Agreement, and Catalent will fulfill Purchase Orders for Product submitted by Client out of such inventory of Raw Materials on a “first in, first out” basis (and will accordingly replace the consumed inventory on a timely basis).  Catalent shall promptly provide to Client full details relating to such quantities of Raw Materials Safety Stock, upon Client’s written request.
4.8    Failure to Supply.
4.8.1    In the First Contract Year.  Except in the event of force majeure under Section 18.14, if Catalent is unable, or anticipates that it will not be able, or otherwise fails due to its gross negligence or deviation to meet the Specifications or its obligations under this Agreement, to deliver Batches, including Batches resulting from Validation Services, Catalent shall:
		
	(a)
	notify Client in writing as agreed in the Quality Agreement;

		
	(b)
	shall within [*] such failure, commence the Processing of replacement product for the failed Batches [*]; and

		
	(c)
	shall pay all manufacturing costs necessary for Client to replace such Batch(es).

Catalent and Client shall cooperate in good faith to resolve any problems causing the out-of­ Specification Batch.

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4.8.2    After the First Contract Year: Except in the event of force majeure under Section 18.14, if Catalent is unable, or anticipates that it will not be able, or fails due to Catalent’s failure to meet the Specifications or its obligations under this Agreement, to deliver Product, in the quantities and within [*] of (i) the time periods specified in the Firm Commitment of any Rolling Forecast or (ii) the delivery date specified in any Purchase Order accepted in accordance with this Agreement (the “Supply Failure”), Catalent shall immediately notify Client in writing of the same with its best estimate of the duration of the delay.  In such event, Catalent shall make best efforts during any period in which Client’s Product is being Processed [*] to cure such Supply Failure or cause and keep Client fully informed of such efforts including provide frequent updates.  In the event of notice of such Supply Failure, Client may require that:
(a)    Catalent shall remedy, at its own cost, any Supply Failure and use best efforts, in each case to Process Product, including from another Client-approved site (not to be unreasonably withheld or delayed), as soon as possible and as close to the original delivery date as possible;
(b)    Catalent shall pay the excess of the replacement costs necessary for Client to replace the supply for the Product over the cost of the Product hereunder; provided, that [*]; and
(c)    Client be relieved from its obligations to purchase any quantities of Product identified in any then-existing Purchase Order and may cancel such quantities effective upon notice to Catalent.
In the event of a Supply Failure, the parties agree that (i) the Minimum Requirement and the Firm Commitment shall be adjusted accordingly, and (ii) Catalent shall resume supplying Product meeting the requirements of this Agreement as soon as the circumstances causing the Supply Failure have been resolved.
4.9    Observation of Processing.
		
	4.9.1
	In addition to Client’s audit right pursuant to Section 9.4, Client may (i) send up to [*] Representatives to the Facility to observe Processing of Client’s Product during any period in which Client’s Product is being Processed until and unless the Client and Catalent agree otherwise, and (ii) send up to [*] Representatives to the Facility to audit Client’s inventory of API, Client-supplied Materials, or Product, upon at least [*] prior notice, at reasonable times during regular business hours.  Such Representatives shall abide by all Catalent safety rules and other applicable employee policies and procedures, and Client shall be responsible for such compliance.  Client shall indemnify and hold harmless Catalent for any action, omission or other activity of such Representatives while on Catalent’s premises.  Client’s Representatives shall be required to sign Catalent’s standard visitor confidentiality agreement prior to being allowed access to the Facility.  Client observation of Processing does not relieve Catalent of any obligation, responsibility, representation or warranty under this Agreement.

4.9.2    Client will observe all Product Processing, and Catalent may not process Product without the presence of Client Representatives, unless otherwise authorized by Client in writing.  However, 

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if the Client Representative is not present when they are scheduled to be present, and such absence solely and directly causes a delay in the commencement of any batch processing or manufacturing campaign, [*]; except that [*] if [*].
4.10    Governance.  After the Effective Date, Catalent and Client shall establish a joint steering committee (the “Joint Steering Committee” or “JSC”) consisting of at least 2 members appointed by each party.  The JSC shall be responsible for reviewing the ongoing relationship of the parties, considering and attempting to achieve resolution of any disputes referred to it pursuant to Section 18.10 hereof and addressing such other matters as the parties may mutually agree.  For the avoidance of doubt, the JSC is not authorized to amend this Agreement.
ARTICLE 5 
TESTING; SAMPLES; RELEASE
5.1    Batch Records and Data; Release.  Unless otherwise agreed to by the parties, after Catalent completes a unit operation step in the Processing of a Batch and no later than [*] thereof, Catalent shall provide Client with copies of Batch records for such step prepared in accordance with the Specifications; provided, that if testing reveals an out-of­Specification result, Catalent shall provide such Batch records and any other documentation as reasonably requested promptly (and no later than [*]) following resolution of the out-of-Specification result.  If for any reason Catalent is unable to send final copies of Batch records for Processing steps to Client within [*] of Processing, Catalent will immediately scan and electronically send to Client draft copies of such Batch records, [*], so as to allow Client to review the draft Batch records in parallel with Catalent’s review of such records.  After Catalent completes Processing of a Batch and no later than [*] thereof, Catalent shall also provide Client or its designee with a certificate of analysis, certificates of compliance and conformance with cGMP, and TSE/BSE certificate in forms mutually acceptable to the parties for such Batch.  Issuance of certificates of analysis, conformance and TSE/BSE certificates constitute release of the Batch by Catalent to Client.  Client shall be responsible at its cost for final release of Product to the market.
5.2    Testing; Rejection.  Following Client’s receipt of a shipment of a Batch, Client or Client’s designee may test samples of such Batch to confirm that the Specifications have been met.  Unless within [*] after Client’s receipt of a Batch and all documents listed in the Specifications (“Review Period”), Client or its designee notifies Catalent in writing (an “Exception Notice”) that such Batch does not meet the warranty set forth in Section 12.1 (“Defective Product”), and provides a sample of the alleged Defective Product, the Batch shall be deemed accepted by Client and Client shall have no right to reject such Batch, except as set forth in Section 5.6.  Upon timely receipt of an Exception Notice from Client, Catalent shall conduct an appropriate investigation in its discretion to determine whether or not it agrees with Client that Product is Defective Product and to determine the cause of any nonconformity.  If Catalent agrees (or if the independent party determines pursuant to Section 5.3) that Product is Defective Product and determines that the cause of nonconformity 

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is attributable to Catalent’s negligence or willful misconduct (“Catalent Defective Processing”), then Section 5.4 shall apply.
5.3    Discrepant Results.  If the parties disagree as to whether Product is Defective Product and/or whether the cause of the nonconformity is Catalent Defective Processing, and this is not resolved within [*] of the Exception Notice date, the parties shall cause a mutually acceptable independent third party to review records, test data and to perform comparative tests and/or analyses on samples of the alleged Defective Product and its components, including Client-supplied Materials.  The independent party’s results as to whether or not Product is Defective Product and the cause of any nonconformity shall be final and binding.  Unless otherwise agreed to by the parties in writing, the costs associated with such testing and review shall be borne by Catalent if Product is Defective Product attributable to Catalent Defective Processing, and by Client in all other circumstances.
5.4    Defective Processing.  Catalent shall, at Client’s option, either (A) re-Process (or if re­ Processing is not permissible under cGMPs, then replace), at its cost any Batch of Defective Product attributable to Catalent Defective Processing (and Client shall be liable to pay for either the rejected Batch (es) or the replacement Batch (es), but not both), or (B) credit any payments made by Client for such Batch.  THE OBLIGATION OF CATALENT TO REPLACE CATALENT DEFECTIVE PROCESSING IN ACCORDANCE WITH THE SPECIFICATIONS OR CREDIT PAYMENTS MADE BY CLIENT FOR DEFECTIVE PRODUCT ATTRIBUTABLE TO CATALENT DEFECTIVE PROCESSING SHALL BE, CLIENT’S SOLE AND EXCLUSIVE REMEDY UNDER THIS AGREEMENT FOR DEFECTIVE PRODUCT AND IS IN LIEU OF ANY OTHER WARRANTY, EXPRESS OR IMPLIED.  NOTWITHSTANDING THE FOREGOING, IF THERE ARE MORE THAN [*] OF CATALENT DEFECTIVE PROCESSING IN A [*] PERIOD CLIENT SHALL HAVE SUCH ADDITIONAL RIGHTS AS IN THE EVENT OF A SUPPLY FAILURE UNDER SECTION 4.8 HEREOF FOR ANY SUCH CATALENT DEFECTIVE PROCESSING THAT RESULTS IN A SUPPLY FAILURE.
5.5    Supply of Material for Defective Product.  In the event Catalent reprocesses Defective Product pursuant to Section 5.4, Client shall supply, at its cost (except in the case of Defective Product attributable to Catalent’s Defective Processing in which case such supply shall be, subject to Section 14.1, at Catalent’s cost), Catalent with sufficient quantities of Client-supplied Materials in order for Catalent to complete such reprocessing.
5.6    Latent Defects.  Notwithstanding anything to the contrary in this Agreement, if, within [*] of the date of delivery pursuant to Section 5.2 of Product manufactured by Catalent, Client becomes aware of any defect in any Batch of Product that existed at the time of delivery and would not have been discoverable upon reasonable inspection or quality assurance testing as set forth in the Specifications, Client shall immediately notify Catalent in writing (identifying the batch(es) involved), and Section 5.2 above shall apply as if such notice was provided by Client within the [*] period specified in Section 5.2 above.

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ARTICLE 6 
DELIVERY
6.1    Delivery.  Catalent shall deliver Product [*] promptly following Catalent’s release of Product to Client pursuant to Section 5.1.  Catalent shall segregate and store all Product until tender of delivery.  Title to Product shall transfer to Client upon [*].  Client shall qualify at least 3 carriers to ship Product and then designate the priority of such qualified carriers to Catalent.
6.2    Storage Fees.  If Client fails to take delivery of any Product on any scheduled delivery date, Catalent shall store such Product for [*] and Client shall be invoiced on the first day of each month thereafter for reasonable administration and storage costs in accordance with Attachment C.
ARTICLE 7 
PAYMENTS
7.1    Fees.  In consideration for Catalent performing services hereunder:
A.    Client shall pay to Catalent the fees for Validation Services set forth on Attachment A.  Catalent shall submit an invoice to Client for such fees upon the completion of the relevant phase of the Validation Services.
B.    Client shall pay Catalent the unit pricing for Product set forth on Attachment C (“Unit Pricing”).  Catalent shall submit an invoice to Client for such fees upon tender of delivery of Product as provided in Section 6.1.
C.    Catalent shall submit an invoice to Client for the annual fees and Client shall pay Catalent such fees for Product Maintenance Services set forth on Attachment C.
D.    Other Fees.  Client shall pay Catalent for all other fees and expenses of Catalent owing in accordance with the terms of this Agreement, including pursuant to Sections 2.4, 4.1, 6.2 and 16.3.  Catalent shall submit an invoice to Client for such fees as and when appropriate.
7.2    Unit Pricing.  Unit Pricing is set forth in Attachment C, and shall be valid during the term of this Agreement, except as set forth in this Section 7.2.  The Unit Pricing will be adjusted on an annual basis, effective on the first day of each calendar year after [*], upon [*] prior written notice from Catalent for (a) an annual increase or decrease in the processing and analytical components of the Unit Pricing, which shall not exceed the increase (or in the case of a decrease, equal to the change) in the Producer Price Index (PPI) for Pharmaceutical Preparations (PCU325412325412) for the prior 12 month period and (b) notwithstanding the foregoing or any change in the PPI, with reasonable supporting documentation, price increases or decreases for Raw Materials shall be passed through to Client, at the time of such increase or decrease, via an increase or decrease in the Unit Pricing.
7.3    Payment Terms.  Payment of all Catalent invoices shall be due [*] after the date of invoice, subject to amounts disputed in good faith by the Client.  Client shall make payment in U.S. dollars, 

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and otherwise as directed in the applicable invoice.  If any payment is not received by Catalent by its due date, then Catalent may, in addition to any other remedies available at equity or in law, charge interest on the outstanding sum from the due date (both before and after any judgment) at [*] until paid in full (or, if less, the maximum amount permitted by Applicable Laws).
7.4    {RESERVED}
7.5    Taxes.  All taxes, duties and other amounts assessed (excluding tax based on net income and franchise taxes) on Client-supplied Materials, services or Product prior to or upon provision or sale to Catalent or Client, as the case may be, are the responsibility of Client, and Client shall reimburse Catalent for all such taxes, duties or other expenses paid by Catalent or such sums will be added to invoices directed at Client, where applicable.
7.6    Client and Third Party Expenses.  Except as may be expressly covered by Product Maintenance Service fees, Client shall be responsible for 100% of its own and all third-party expenses associated with the development, Regulatory Approvals and commercialization of Product, including regulatory filings and post-approval marketing studies.
7.7    Development Batches.  Each Batch produced under this Agreement, including those Processed as part of the Validation Services and necessary to support the validation portion of Client’s submissions for Regulatory Approvals, will be considered to be a “development batch” unless and until Processing has been validated (as defined by the FDA) and in accordance with the Validation Services.  Client shall be responsible for the cost of each such Batch, even if such Batch fails to meet the Specifications, unless such Batch of Product was not Processed in accordance with the mutually agreed batch records for such Batch or Catalent was grossly negligent in the Processing of the out-of-Specification Batch.
ARTICLE 8
CHANGES TO SPECIFICATIONS
All Specifications and any changes thereto agreed to by the parties from time to time shall be in writing, dated and signed by the parties.  No change in the Specifications shall be implemented by Catalent, whether requested by Client or requested or required by any Regulatory Authority, until the parties have agreed in writing to such change, the implementation date of such change, and any increase or decrease in costs, expenses or fees associated with such change (including any change to Unit Pricing).  Catalent shall respond promptly to any request made by Client for a change in the Specifications, and both parties shall use commercially reasonable, good faith efforts to agree to the terms of such change in a timely manner.  As soon as possible after a request is made for any change in Specifications, Catalent shall notify Client of the costs associated with such change and shall provide such supporting documentation as Client may reasonably require.  Client shall pay all costs associated with such agreed upon changes except to the extent such change is primarily attributable to Catalent’s own business needs.  If there is a conflict between the terms of this Agreement and the terms of the Specifications, this Agreement shall control.  Catalent reserves the 

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right to postpone effecting changes to the Specifications until such time as the parties agree to and execute the required written amendment; provided, however, Catalent agrees to effectuate such changes promptly after such amendment.
ARTICLE 9
RECORDS; REGULATORY MATTERS
9.1    Recordkeeping.  Catalent shall maintain complete and accurate Batch, laboratory data, reports and other technical records relating to Processing in accordance with Catalent standard operating procedures.  Such information shall be maintained for a period of at least [*] or longer if required under Applicable Laws or the Quality Agreement.
9.2    Regulatory Compliance.  Catalent shall obtain and maintain all permits and licenses with respect to general Facility operations required by Applicable Laws and any Regulatory Authority in the jurisdiction in which Catalent Processes Product.  Client shall obtain and maintain all other Regulatory Approvals, including those necessary for Catalent to commence Processing.  Client shall reimburse Catalent for any payments Catalent is required to make to any Regulatory Authority pursuant to changes in Applicable Laws resulting from and specific to Catalent’s formulation, development, manufacturing, processing, filling, packaging or testing of Client’s Product at the Facility (for example, such as [*]); provided, however, that the foregoing shall not entitle Catalent to reimbursement for any establishment fees payable to any Regulatory Authority or for any fees or costs associated with general Facility operation as required by Applicable Laws.  Client shall not identify Catalent in any regulatory filing or submission without Catalent’s prior written consent, unless Catalent fails to meet the Warranty in Sections 12.1(G) of this Agreement. If consent is required, such consent shall not be unreasonably withheld and shall be memorialized in a writing signed by authorized representatives of both Parties.  Upon written request, Client shall provide Catalent with a copy of any Regulatory Approvals required to distribute, market and sell Product in the Territory, as applicable, and only to the extent that Client is unable to provide such information, Catalent shall have no obligation to deliver Product to Client if Catalent determines that such delivery would violate Applicable Laws.  In no event shall the foregoing modify Catalent’s obligation to timely deliver the development or validation batches as referenced in Section 7.7 for further packaging and in accordance with Client’s Purchase Order prior to and in anticipation of Regulatory Approval.  During the Term, Catalent will assist Client with all regulatory matters relating to Processing, at Client’s request and expense, unless such expense is related to Catalent’s failure to meet the Warranty in Section 12.1 (A) and (G) of this Agreement.  The parties intend and commit to cooperate to allow each party to satisfy its obligations under Applicable Laws relating to Processing under this Agreement.
9.3    Governmental Inspections and Requests.  Catalent shall promptly advise Client if an authorized agent of any Regulatory Authority notifies Catalent that it intends to or does visit the Facility for the purpose of reviewing the Processing or for the purpose of reviewing Catalent’s adherence with Applicable Laws.  Catalent agrees that a Client representative may be onsite at the 

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Facility during any inspection directly related to ADS-5102, including but not limited to, any pre-approval inspections and other visits related to the Product which shall be further addressed in the Quality Agreement.  Upon request, Catalent shall provide Client with a copy of any report issued by such Regulatory Authority received by Catalent following such visit, redacted as appropriate to protect any confidential information of Catalent and Catalent’s other customers and in accordance with the procedures and other terms as set forth in the Quality Agreement.  Client acknowledges that it may not direct the manner in which Catalent fulfills its obligations to permit inspection by and to communicate with Regulatory Authorities; provided, however, that the foregoing should not be construed to modify or alter any obligation to Client unless directly in conflict.  Client shall reimburse Catalent for all reasonable and documented costs associated with inspections by Regulatory Authorities directly attributable to Product; provided, that such inspection was not in connection with or as a result of Catalent’s willful misconduct, negligence or non-compliance with Applicable Laws.
9.4    Client Facility Audits.  During the Term, Client’s Representatives shall be granted access upon at least [*] prior notice, at reasonable times during regular business hours to (A) the portion of the Facility where Catalent performs Processing, (B) relevant personnel involved in Processing and (C) Processing records described in Section 9.2, in each case solely for the purpose of verifying that Catalent is Processing in accordance with cGMPs, the Specifications and the Product master Batch records.  Client may not conduct an audit under this Section more than [*] during any [*] period; provided, that additional inspections may be conducted in the event there is a quality or compliance issue concerning Product or its Processing.  Client’s Quality Assurance Manager will arrange Client audits with Catalent Quality Management.  Audits shall be designed to minimize disruption of operations at the Facility.  Client’s Representatives shall be required to sign Catalent’s standard visitor confidentiality agreement prior to being allowed access to the Facility.  Such Representatives shall comply with the Facility’s rules and regulations.  Client shall indemnify and hold harmless Catalent for any action or activity of such Representatives while on Catalent’s premises.
9.5    Recall.  If Catalent believes a recall, field alert, Product withdrawal or field correction (“Recall”) may be necessary with respect to any Product supplied under this Agreement, Catalent shall promptly notify Client.  Catalent will not act to initiate a Recall without the express prior written approval of Client, unless otherwise required by Applicable Laws.  If Client believes a Recall may be necessary with respect to any Product supplied under this Agreement, Client shall promptly notify Catalent and Catalent shall provide all necessary cooperation and assistance to Client.  To the extent appropriate and to be further set forth in the Quality Agreement, Client may provide Catalent opportunity to review and comment any relevant submissions to a Regulatory Authority in respect of any Recall.  The cost of any Recall shall be borne by Client, and Client shall reimburse Catalent for expenses incurred in connection with any Recall, in each case unless such Recall is caused by Catalent’s breach of its obligations under this Agreement, violation of Applicable Laws or its negligence or willful misconduct, then such cost shall be borne by Catalent.  For purposes 

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hereof, such cost shall be limited to reasonable, actual and documented administrative costs incurred by Client for such Recall and replacement of the Product subject to Recall in accordance with Article 5.
9.6    Quality Agreement.  Concurrent with or immediately after the Effective Date, and in any event prior to the first Processing of Product hereunder, the parties shall negotiate in good faith and enter into a quality agreement on Catalent’s standard template (the “Quality Agreement”).  The Quality Agreement shall be incorporated by reference in this Agreement.  In the event of a conflict between any of the provisions of this Agreement and the Quality Agreement with respect to quality-related activities, including compliance with cGMP, the provisions of the Quality Agreement shall govern.  In the event of a conflict between any of the provisions of this Agreement and the Quality Agreement with respect to any commercial matters, including allocation of risk, liability and financial responsibility, the provisions of this Agreement shall govern.
ARTICLE 10
CONFIDENTIALITY AND NON-USE
10.1    Definition.  As used in this Agreement, the term “Confidential Information” includes all information furnished by or on behalf of Catalent or Client (the “Discloser”), its Affiliates or any of its or their respective Representatives, to the other party (the “Recipient”), its Affiliates or any of its or their respective Representatives, whether furnished before, on or after the Effective Date and furnished in any form, including written, verbal, visual, electronic or in any other media or manner and information acquired by observation or otherwise during any site visit at the other party’s facility.  Confidential Information includes all proprietary technologies, know-how, trade secrets, discoveries, inventions and any other intellectual property (whether or not patented), analyses, compilations, business or technical information and other materials prepared by either party, their respective Affiliates, or any of its or their respective Representatives, containing or based in whole or in part on any information furnished by the Discloser, its Affiliates or any of its or their respective Representatives.  Notwithstanding the foregoing, Client’s Confidential Information shall include: (i) the medical, clinical, toxicological or other scientific data or information relating to the Product (including, without limitation, pre­ clinical and clinical data, process condition data, notes, reports, models, analyses, and samples), (ii) the manufacture, production, procedures and processes, as well as analytical methodology, used in the testing, assaying, analysis, production, and packaging of the Product (in each case to the extent specifically related to the Product); (iii) Client’s provided materials and substances for the Product; (ii) all Specifications, Client IP and [*] Inventions; and (iii) Client’s other information and non-patented proprietary rights (to the extent not already included in this definition of Confidential Information) with respect to the Product.  Confidential Information also includes the existence of this Agreement and its terms.
10.2    Exclusions.  Notwithstanding Section 10.1, Confidential Information does not include information that (A) is or becomes generally available to the public or within the industry to which such information relates other than as a result of a breach of this Agreement, (B) is already known 

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by the Recipient at the time of disclosure as evidenced by the Recipient’s written records, (C) becomes available to the Recipient on a non-confidential basis from a source that is entitled to disclose it on a non-confidential basis or (D) was or is independently developed by or for the Recipient without reference to the Confidential Information of the Discloser as evidenced by the Recipient’s written records.
10.3    Mutual Obligation.  The Recipient agrees that it will keep confidential and not use the Discloser’s Confidential Information except in connection with the performance of its obligations hereunder and will not disclose, without the prior written consent of the Discloser, Confidential Information of the Discloser to any third party, except that the Recipient may disclose the Discloser’s Confidential Information to any of its Affiliates and its or their respective Representatives that (A) need to know such Confidential Information for the purpose of performing under this Agreement, (B) are advised of the contents of this Article and (C) are bound to the Recipient by obligations of confidentiality at least as restrictive as the terms of this Article.  Each party shall be responsible for any breach of this Article by its Affiliates or any of its or their respective Representatives.
10.4    Permitted Disclosure.  The Recipient may disclose the Discloser’s Confidential Information to the extent required by law or regulation; provided, that prior to making any such legally required disclosure, the Recipient shall give the Discloser as much prior notice of the requirement for and contents of such disclosure as is practicable under the circumstances.  In addition, with written notice to Catalent, disclosure of Catalent’s Confidential Information may be made by Client hereunder: (i) to governmental agencies to the extent required to secure Regulatory Approval, and (ii) to clinical investigators where necessary or desirable for their information to the extent normal and usual in the custom of the trade and under confidentiality obligations no less restrictive than those contained in this Agreement.  Any such disclosure, however, shall not relieve the Recipient of its obligations contained herein.  Either party may disclose the terms of this Agreement if and as required by (a) law, including, without limitation, SEC reporting requirements, or by the rules or regulations of any stock exchange that a Party is subject to; (b) the FDA as may be necessary or useful in obtaining and maintaining final approval of the Product; (c) outside counsel, accountants or bankers to a Party; and (d) the outside counsel, accountants or bankers to a third party (except in the case of other contract manufacturing organizations) in connection with a bona fide corporate transaction, financing or acquisition, in each case under obligations of confidentiality no less restrictive than those under this Agreement.
10.5    No Implied License.  Except as expressly set forth in Section 10.1, the Recipient will obtain no right of any kind or license under any Confidential Information of the Discloser, including any patent application or patent, by reason of this Agreement.  All Confidential Information will remain the sole property of the Discloser, subject to Article 11.
10.6    Return of Confidential Information.  Upon expiration or termination of this Agreement, the Recipient will (and will cause its Affiliates and its and their respective Representatives to) cease its use and, upon written request, within 30 days either return or destroy (and certify as to such destruction) all Confidential Information of the Discloser, including any copies thereof, except for 

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a single copy which may be retained for the sole purpose of ensuring compliance with its obligations under this Agreement.
10.7    Survival.  The obligations of this Article will terminate [*] from the expiration or termination of this Agreement, except with respect to trade secrets, for which the obligations of this Article will continue for so long as such information remains a trade secret under Applicable Laws.
ARTICLE 11 
INTELLECTUAL PROPERTY
11.1    Intellectual Property.  For purposes hereof, “Client IP” means all intellectual property and embodiments thereof owned by or licensed to Client as of the date hereof or acquired or developed by Client other than in connection with this Agreement (including “Sponsor Intellectual Property” as defined in Section 6.1 of the June 13, 2013 Master Services Agreement between the parties (the “2013 MSA”)); “Catalent IP” means all intellectual property and embodiments thereof owned by or licensed to Catalent as of the date hereof or developed by Catalent other than in connection with this Agreement.
11.2    Inventions.  “Invention” means any intellectual property developed by either party or jointly by the parties in connection with this Agreement; “[*] Inventions” means any Invention that [*] or [*]; and “[*] Inventions” means any Invention, other than [*] Invention, that [*]; and “Joint Inventions” means any Invention developed jointly by the parties, other than [*] Inventions and [*] Inventions.
11.3    Licenses.
(a)    All Client IP and [*] Inventions shall be owned solely by Client and no right therein is granted to Catalent under this Agreement, except that Catalent shall have a non-exclusive, royalty-free license to such items solely to the extent necessary to perform its obligations under this Agreement.  Catalent shall, and does hereby assign, and shall cause its Affiliates to assign to Client all right, title and interest in and to [*] Inventions.  Catalent shall, if so requested by Client and at Client’s sole cost and expense, execute all such documents and do all such other acts and things as may be reasonably required to comply with this Section 11.3(a) to vest in Client all rights in the [*] Inventions and shall make reasonable efforts to procure execution by the named inventor of all such documents as may reasonably be required by Client in connection with any related patent application.
(b)    All Catalent IP and [*] Inventions shall be owned solely by Catalent and no right therein is granted to Client under this Agreement, except that Catalent hereby grants to Client the following licenses:
(i)    a perpetual, royalty-free, non-exclusive, sublicensable license to use any Catalent IP or [*] Invention (x) incorporated into a Product or (y) incorporated into or contained in any Client IP (including without limitation, any batch records or analytical methods relating to a Product), in each 

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case, solely for the purpose of using, making, having made, selling, offering for sale, importing, packaging and/or otherwise exploiting Products; and
(ii)    a perpetual, royalty-free, exclusive, sublicensable license to use any [*] Inventions incorporated into a Product or utilized in the manufacture or packaging of a Product for the purposes of using, making, having made, selling, offering for sale, importing, packaging and/or otherwise exploiting any Product.
11.4    Joint Inventions.  The parties shall jointly own the Joint Inventions, each with the right to practice and enforce such rights without any approval or accounting of the other party; provided, however that Catalent shall not use the Joint Inventions to enable any third party to make use or sell any Product.
11.5    Cooperation.  The parties shall cooperate to achieve the allocation of rights to Inventions anticipated herein and each party shall be solely responsible for costs associated with the protection of its intellectual property.
ARTICLE 12
REPRESENTATIONS AND WARRANTIES
12.1    Catalent.  Catalent represents, warrants and undertakes to Client that (A) at the time of delivery by Catalent as provided in Section 6.1, Product shall have been Processed in a professional workman-like manner in accordance with cGMP, Applicable Laws and the terms and conditions of this Agreement, and in conformance with the Specifications and shall not be adulterated, misbranded, or mislabeled within the meaning of Applicable Laws; provided, that Catalent shall not be liable for defects attributable to Client-supplied Materials (including artwork, advertising and labeling); (B) it will not in the performance of its obligations under this Agreement use the services of any person debarred or suspended under 21 U.S.C. §335(a) or (b); (C) that none of Catalent’s services hereunder or any part of this Agreement is or will be inconsistent with any obligation Catalent may have to others; (D) all work under this Agreement will be Catalent’s original work and, to the best of its knowledge, none of the Processing or any development, use, production, distribution or exploitation thereof will infringe, misappropriate or violate any intellectual property or other right of any person or entity (including, without limitation Catalent or any of its Affiliates); (E) no [*] shall be employed or utilized in the performance of any Services hereunder, nor incorporated into any Product or other deliverables generated by Catalent under this Agreement (including any Client IP); (F) at the time of execution of this Agreement, no [*] shall be employed or utilized in the performance of any Services hereunder, nor incorporated into any Product or other deliverables generated by Catalent under this Agreement or under the 2013 MSA and; (G) Catalent does not, and will not during the term of this Agreement, knowingly manufacture, process or house in inventory penicillin or non-penicillin beta lactam products or products that result in beta lactam-containing derivatives, degradation products or other compounds, unless with prior written approval by Client; and (H) Catalent has the full right and authority to provide Client with the assignments, licenses and other rights provided for herein.

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12.2    Client.  Client represents, warrants and undertakes to Catalent that:
A.    all Client-supplied Materials shall have been produced in accordance with Applicable Laws, shall comply with all applicable specifications, including the Specifications, shall not be adulterated, misbranded or mislabeled within the meaning of Applicable Laws, and shall have been provided in accordance with the terms and conditions of this Agreement;
B.    the content of all artwork provided to Catalent shall comply with all Applicable Laws;
C.    all Product delivered to Client by Catalent shall be held, used and disposed of by or on behalf of the Client in accordance with all Applicable Laws, and Client will otherwise comply with all laws, rules, regulations and guidelines applicable to Client’s performance under this Agreement;
D.    Client will not release any Batch of Product if the required certificates of conformance indicate that Product does not comply with the Specifications or if Client does not hold all necessary Regulatory Approvals to market and sell the Product (except to the extent such consumption occurs in the course of clinical studies that expressly permit such use and that have been conducted in accordance with Applicable Laws);
E.    Client has all necessary authority to use and to permit Catalent to use pursuant to this Agreement all intellectual property related to Product or Client-supplied Materials (including artwork), and to its knowledge, the Processing of the foregoing, including any copyrights, trademarks, trade secrets, patents, inventions and developments; there are no patents owned by others related to the Client IP utilized with the Product that would be infringed or misused by Client’s performance of the Agreement; and, to its knowledge, no trade secrets or other proprietary rights of others related to the Client IP utilized with the Product that would be infringed or misused by Client’s performance of this Agreement; and
F.    To its knowledge, the services to be performed by Catalent under this Agreement will not violate or infringe upon any trademark, tradename, copyright, patent, trade secret, or other intellectual property or other right held by any person or entity.
12.3    Mutual Representation.  Furthermore, Catalent and Client both represent, warrant and undertake that no transactions or dealings under this Agreement shall be conducted with or for an individual or entity that is designated as the target of any sanctions, restrictions or embargoes administered by the United Nations, European Union, United Kingdom, or the United States.
12.4    Limitations.  THE REPRESENTATIONS AND WARRANTIES SET FORTH IN THIS AGREEMENT ARE THE SOLE AND EXCLUSIVE REPRESENTATIONS AND WARRANTIES MADE BY EACH PARTY TO THE OTHER PARTY WITH RESPECT TO THE SUBJECT MATTER HEREOF, AND NEITHER PARTY MAKES ANY OTHER REPRESENTATIONS, WARRANTIES OR GUARANTEES OF ANY KIND WHATSOEVER, INCLUDING ANY 

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IMPLIED WARRANTIES OF MERCHANTABILITY, NON­ INFRINGEMENT; OR FITNESS FOR A PARTICULAR PURPOSE.
ARTICLE 13
INDEMNIFICATION
13.1    Indemnification by Catalent.  Catalent shall indemnify and hold harmless Client, its Affiliates, and their respective directors, officers and employees (“Client Indemnitees”) from and against any and all suits, claims, losses, demands, liabilities, damages, costs and expenses (including reasonable attorneys’ fees and reasonable investigative costs) in connection with any suit, demand or action by any third party (“Losses”) arising out of or resulting from (A) any breach of its representations, warranties or obligations set forth in this Agreement, (B) any actual or alleged infringement or violation of any third party patent, trade secret, copyright, trademark or other proprietary rights by intellectual property or other information arising from the performance of services or Processing of the Product by Catalent hereunder, or (C) any negligence or willful misconduct by Catalent; in each case except to the extent that any of the foregoing arises out of or results from any Client Indemnitee’s negligence, willful misconduct or breach of this Agreement.
13.2    Indemnification by Client.  Client shall indemnify and hold harmless Catalent, its Affiliates, and their respective directors, officers and employees (“Catalent Indemnitees”) from and against any and all Losses arising out of or resulting from (A) any breach of its representations, warranties or obligations set forth in this Agreement, (B) any manufacture, packaging, sale, promotion, distribution or use of or exposure to Product or Client-supplied Materials, including product liability or strict liability, (C) Client’s exercise of control over the Processing, to the extent that Client’s instructions or directions violate Applicable Laws, (D) the conduct of any clinical trials utilizing Product or API, (E) any actual or alleged infringement or violation of any third party patent, trade secret, copyright, trademark or other proprietary rights by intellectual property or other information provided by Client, including Client-supplied Materials, or (F) any negligence or willful misconduct by Client; in each case except to the extent that any of the foregoing arises out of or results from any Catalent Indemnitee’s negligence, willful misconduct or breach of this Agreement.  In addition, Client shall indemnify and hold harmless the Catalent Indemnitees from and against any and all Losses arising out of or resulting from any federal regulatory filings by or on behalf of Client or any of its Affiliates, including Losses incurred by Catalent arising from filings under 21 U.S.C. 355 and/or Section 505 of the Food and Drug Act (or non-U.S. equivalents) and related claims or proceedings (including Losses associated with Catalent’s obligation to respond to third party subpoenas).
13.3    Indemnification Procedures.  All indemnification obligations in this Agreement are conditioned upon the indemnified party (A) promptly notifying the indemnifying party of any claim or liability of which the indemnified party becomes aware (including a copy of any related complaint, summons, notice or other instrument); provided, that failure to provide such notice within a reasonable period of time shall not relieve the indemnifying party of any of its obligations hereunder 

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except to the extent the indemnifying party is prejudiced by such failure, (B) allowing the indemnifying party, if the indemnifying party so requests, to conduct and control the defense of any such claim or liability and any related settlement negotiations (at the indemnifying party’s expense), (C) cooperating with the indemnifying party in the defense of any such claim or liability and any related settlement negotiations (at the indemnifying party’s expense) and (D) not compromising or settling any claim or liability without prior written consent of the indemnifying party.
ARTICLE 14 
LIMITATIONS OF LIABILITY
14.1    EXCEPT FOR LOSSES RESULTING FROM CATALENT’S GROSS NEGLIGENCE WILLFUL MISCONDUCT OR FRAUD, IN NO EVENT SHALL CATALENT’S LIABILITY FOR LOSSES TO API OR CLIENT-SUPPLIED MATERIALS, WHETHER OR NOT INCORPORATED INTO PRODUCT, EXCEED [*].
14.2    EXCEPT FOR LIABILITY ARISING FROM CATALENT’S GROSS NEGLIGENCE WILLFUL MISCONDUCT OR FRAUD INCLUDING CATALENT’S INTENTIONAL FAILURE TO PERFORM, CATALENT’S TOTAL LIABILITY UNDER THIS AGREEMENT SHALL IN NO EVENT EXCEED [*].  FOR THE AVOIDANCE OF DOUBT, THE FOREGOING LIMITATION SHALL NOT APPLY TO LOSSES OWING TO CLIENT UNDER SECTION 13.1.
14.3    NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES (PROVIDED, HOWEVER, FOR PURPOSES OF CLARITY THAT INDEMNIFIABLE LOSSES UNDER ARTICLE 13 SHALL NOT BE CHARACTERIZED AS CONSEQUENTIAL TO CLIENT OR CATALENT SOLEY BY THE BASIS THAT SUCH LOSSES ARISE FROM DAMAGES SUFFERED BY A THIRD PARTY) OR LOSS OF REVENUES, PROFITS OR DATA ARISING OUT OF PERFORMANCE UNDER THIS AGREEMENT, WHETHER IN CONTRACT OR IN TORT, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
ARTICLE 15
INSURANCE
Each party shall, at its own cost and expense, obtain and maintain in full force and effect during the Term the following: (A) Commercial General Liability Insurance with a per-occurrence limit of not less than [*]; (B) Products and Completed Operations Liability Insurance with a per-occurrence limit of not less than [*] (in the case of Client, prior to the commercialization of the Product); (C) Workers’ Compensation Insurance with statutory limits and Employers Liability Insurance with limits of not less than [*] per accident; and (D) All Risk Property Insurance, including transit coverage, in an amount equal to the full replacement value of its property while in, or in transit to, a Catalent facility as required under this Agreement.  Each party may self-insure all or any portion of the required insurance as long as, together with its Affiliates, its US GAAP net worth 

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is greater than [*] or its annual EBITDA (earnings before interest, taxes, depreciation and amortization) is greater than [*].  Each required insurance policy, other than self-insurance, shall be obtained from an insurance carrier with an A.M. Best rating of at least A-VII.  If any of the required policies of insurance are written on a claims made basis, such policies shall be maintained throughout the Term and for a period of at least [*]thereafter.  Each party shall obtain a waiver of subrogation clause from its property insurance carriers in favor of the other party.  Each party shall be named as an additional insured within the other party’s products liability insurance policies; provided, that such additional insured status will apply solely to the extent of the insured party’s indemnity obligations under this Agreement.  Such waivers of subrogation and additional insured status obligations will operate the same whether insurance is carried through third parties or self-insured.  Upon the other party’s written request from time to time, each party shall promptly furnish to the other party a certificate of insurance or other evidence of the required insurance.
ARTICLE 16
TERM AND TERMINATION
16.1    Term.  This Agreement shall commence on the Effective Date and shall continue until the end of the fifth (5th) Contract Year, unless either party earlier terminates this Agreement within thirty (30) days of the end of the third (3) Contract year or fourth (4) Contract Year with 24 months’ notice to the other party or this Agreement is earlier terminated in accordance with Section 16.2 (as may be extended in accordance with this Section, the “Term”).  The Term shall automatically be extended for successive 2-year periods unless and until one party gives the other party at least 24 months’ prior written notice of its desire to terminate as of the end of the then-current Term.
16.2    Termination.  This Agreement may be terminated immediately without further action:
A.    by either party if the other party files a petition in bankruptcy, or enters into an agreement with its creditors, or applies for or consents to the appointment of a receiver, administrative receiver, trustee or administrator, or makes an assignment for the benefit of creditors, or suffers or permits the entry of any order adjudicating it to be bankrupt or insolvent and such order is not discharged within 90 days, or takes any equivalent or similar action in consequence of debt in any jurisdiction; or
B.    by either party if the other party materially breaches any of the provisions of this Agreement and such breach is not cured within 60 days after the giving of written notice requiring the breach to be remedied; provided, that (i) in the case of a failure of Client to make payments in accordance with the terms of this Agreement, Catalent may terminate this Agreement if such payment breach is not cured within 30 days of receipt of notice of non­ payment from Catalent unless disputed by Client in good faith, or (ii) in the case of two or more Supply Failures of Catalent which are not cured within 30 days of receipt of breach notice in accordance with the terms of this Agreement within an 18 month period, Client may terminate this Agreement if the most recent Supply Failure is not cured or (iii) if Client determines that Catalent has failed to meet the warranties in Sections 12.1 (G), Client may terminate this Agreement within 60 days after giving written notice;

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C.    by Client with 30 days’ notice to Catalent in the event of (i) a failure to obtain the Regulatory Approval of the FDA for sale of the Product in the U.S. within 24 months of the Effective Date, or (ii) Client’s withdrawal of the Product completely from the U.S. market due to serious adverse health and safety reasons; or
D.    by Client in the first Contract Year with 18 months’ notice to Catalent for any reason and without cause.
16.3    Effect of Termination.  Expiration or termination of this Agreement shall be without prejudice to any rights or obligations that accrued to the benefit of either party prior to such expiration or termination.  In the event of a termination of this Agreement:
A.    Catalent shall promptly return to Client, at Client’s expense (except in the case of termination by Client pursuant to Section 16.2(A) or (B) in which case shall be Catalent’s expense) and direction, any remaining inventory of Product or Client-supplied Materials; provided, that all outstanding undisputed invoices have been paid in full;
B.    Client shall pay Catalent all undisputed invoiced amounts outstanding hereunder, plus, upon receipt of invoice therefor, for any (i) Product that has been shipped pursuant to Purchase Orders but not yet invoiced, (ii) Product Processed pursuant to Purchase Orders that has been completed but not yet shipped, and (iii) in the event that this Agreement is terminated for any reason other than by Client pursuant to Section 16.2(A) or (B), all Product in the process of being Processed pursuant to Purchase Orders (or, alternatively, Client may instruct Catalent to complete such work in process, and the resulting completed Product shall be governed by clause (ii)); and
C.    In the event that this Agreement is terminated for any reason other than by Client pursuant to Section 16.2(A) or (B), Client shall pay Catalent for all costs and expenses incurred, and all noncancellable commitments made, in connection with Catalent’s performance of this Agreement, so long as such costs, expenses or commitments were made by Catalent consistent with Client’s most recent Firm Commitment and the vendor’s minimum purchase obligations.  In addition, in the event that this Agreement is terminated by Client pursuant to Section 16.2(A) or (B), Catalent shall (i) use commercially reasonable efforts in providing cooperation and assistance to Client in any technology transfer that may be necessary to establish sufficient supply of Product at another manufacturer, (ii) reimburse Client for any credits or advance payments including payment of any Product Maintenance Fee which shall be prorated for the remaining year, and (iii) not be entitled to any unpaid Shortfall Payments hereunder.
16.4    Survival.  The rights and obligations of the parties shall continue under Articles 9 (Records; Regulatory Matters), 11 (Intellectual Property), 12 (Representation and Warranties), 13 (Indemnification), 14 (Limitations of Liability), 17 (Notice), 18 (Miscellaneous); under Articles 10 (Confidentiality and Non-Use) and 15 (Insurance), in each case to the extent expressly stated therein; and under Sections 7.3 (Payment Terms), 7.5 (Taxes), 7.6 (Client and Third Party Expenses), 9.5 (Recall), 12.4 (Limitations on Warranties), 16.3 (Effect of Termination) and 16.4 (Survival), in each 

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case in accordance with their respective terms if applicable, notwithstanding expiration or termination of this Agreement.
ARTICLE 17
NOTICE
All notices and other communications hereunder shall be in writing and shall be deemed given: (A) when delivered personally or by hand; (B) when delivered by facsimile transmission (receipt verified); (C) when received or refused, if sent by registered or certified mail (return receipt requested), postage prepaid; or (D) when delivered, if sent by express courier service; in each case to the parties at the following addresses (or at such other address for a party as shall be specified by like notice; provided, that notices of a change of address shall be effective only upon receipt thereof):

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CONFIDENTIAL

	
				
	To Client:
	Adamas Pharmaceuticals, Inc.
	 

	 
	 
	1900 Powell St., Suite 750
	 

	 
	 
	Emeryville, CA 94608
	 

	 
	 
	Attn: Chief Executive Officer
	 

	 
	 
	Facsimile: 510-428-0519
	 

	 
	 
	 
	 

	 
	With a copy to:
	Address and Facsimile same as above
	 

	 
	 
	Attn: General Counsel (Legal Department)
	 

	 
	 
	 
	 

	To Catalent:
	Catalent Pharma Solutions, LLC
	 

	 
	 
	14 Schoolhouse Road
	 

	 
	 
	Somerset, NJ 08873
	 

	 
	 
	Attn: General Manager
	 

	 
	 
	Facsimile: (732) 537-6491
	 

	 
	 
	 
	 

	 
	With a copy to:
	Address and Facsimile same as above
	 

	 
	 
	Attn: General Counsel (Legal Department)
	 

ARTICLE 18
MISCELLANEOUS
18.1    Entire Agreement; Amendments.  This Agreement, together with the Quality Agreement, constitutes the entire understanding between the parties, and supersedes any contracts, agreements or understandings (oral or written) of the parties, with respect to the subject matter hereof, including the Original Agreement.  For the avoidance of doubt, this Agreement does not supersede (i) any existing generally applicable confidentiality agreement between the parties as it relates to time periods prior to the date hereof or (ii) business dealings not covered by this Agreement including the Master Services Agreement entered into as of June 13, 2013 between the parties.  No term of this Agreement may be amended except upon written agreement of both parties, unless otherwise expressly provided in this Agreement.
18.2    Captions; Certain Conventions.  The captions in this Agreement are for convenience only and are not to be interpreted or construed as a substantive part of this Agreement.  Unless otherwise expressly provided herein or the context of this Agreement otherwise requires, (A) words of any gender include each other gender, (B) words such as “herein”, “hereof”, and “hereunder” refer to this Agreement as a whole and not merely to the particular provision in which such words appear, (C) words using the singular shall include the plural, and vice versa, (D) the words “include(s)” and “including” shall be deemed to be followed by the phrase “but not limited to’’, “without limitation” or words of similar import, (E) the word “or” shall be deemed to include the word “and” (e.g., “and/or”) and (F) references to “Article,” “Section,” “subsection,” “clause” or other subdivision, or to an Attachment or other appendix, without reference to a document are to the 

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[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

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specified provision or Attachment of this Agreement.  This Agreement shall be construed as if it were drafted jointly by the parties.
18.3    Further Assurances.  The parties agree to execute, acknowledge and deliver such further instruments and to take all such other incidental acts as may be reasonably necessary or appropriate to carry out the purpose and intent of this Agreement.
18.4    No Waiver.  Failure by either party to insist upon strict compliance with any term of this Agreement in any one or more instances will not be deemed to be a waiver of its rights to insist upon such strict compliance with respect to any subsequent failure.
18.5    Severability.  If any term of this Agreement is declared invalid or unenforceable by a court or other body of competent jurisdiction, the remaining terms of this Agreement will continue in full force and effect.
18.6    Independent Contractors.  The relationship of the parties is that of independent contractors, and neither party will incur any debts or make any commitments for the other party except to the extent expressly provided in this Agreement.  Nothing in this Agreement is intended to create or will be construed as creating between the parties the relationship of joint ventures, co-partners, employer/employee or principal and agent.  Neither party shall have any responsibility for the hiring, termination or compensation of the other party’s employees or contractors or for any employee benefits of any such employee or contractor.
18.7    Successors and Assigns; Subcontracting.  This Agreement will be binding upon and inure to the benefit of the parties, their successors and permitted assigns.  Neither party may assign this Agreement, in whole or in part, without the prior written consent of the other party, except that either party may, without the other party’s consent (but subject to prior written notice), assign this Agreement in its entirety to an Affiliate or to a successor to substantially all of the business or assets of the assigning party or the assigning party’s business unit responsible for performance under this Agreement; provided, however, that the assigning party shall remain responsible for the Affiliate’ s performance, acts and omissions under the terms of the Agreements hereof.  Catalent may not subcontract its obligation under this Agreement, in whole or in part, without the prior written consent of Client, except that Catalent may, without the Client’s consent (but subject to prior written notice), subcontract under this Agreement to an Affiliate; provided, however, that Catalent shall remain responsible for the Affiliate’s performance, acts and omissions under the terms of the Agreements hereof.
18.8    No Third Party Beneficiaries.  This Agreement shall not confer any rights or remedies upon any person or entity other than the parties named herein and their respective successors and permitted assigns.
18.9    Governing Law.  This Agreement shall be governed by and construed under the laws of the State of New York, USA, excluding its conflicts of law provisions.  The United Nations Convention on Contracts for the International Sale of Goods shall not apply to this Agreement.

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18.10    Alternative Dispute Resolution.  Any dispute that arises between the parties in connection with this Agreement shall first be presented for consideration and resolution by the JSC and in the event such dispute is not resolved satisfactorily therein to senior executives of the parties, who are designated as the CEO in the case of Client and President, Advanced Delivery Technologies, in the case of Catalent.  If such executives cannot reach a resolution of the dispute within a reasonable time, then such dispute shall be resolved by binding alternative dispute resolution in accordance with the then existing commercial arbitration rules of CPR Institute for Dispute Resolution, 366 Madison Avenue, New York, NY 10017.  Arbitration shall be conducted in the jurisdiction of the defendant party, in the English language.
18.11    Prevailing Party.  In any dispute resolution proceeding between the parties in connection with this Agreement, the prevailing party will be entitled to recover its reasonable attorney’s fees and costs in such proceeding from the other party.
18.12    Publicity.  Neither party will make any press release or other public disclosure regarding this Agreement or the transactions contemplated hereby without the other party’s express prior written consent, except as required under Applicable Laws, by any governmental agency or by the rules of any stock exchange on which the securities of the disclosing party are listed, in which case the party required to make the press release or public disclosure shall use commercially reasonable efforts to obtain the approval of the other party as to the form, nature and extent of the press release or public disclosure prior to issuing the press release or making the public disclosure.
18.13    Right to Dispose and Settle.  If Catalent requests in writing from Client direction with respect to the disposal, but not sale, of any inventories of Product, Client-supplied Materials, equipment, samples or other items belonging to Client and is unable to obtain a response from Client within a reasonable time period after making reasonable efforts to do so, Catalent shall be entitled in its sole discretion to (A) dispose of all such items and (B) set-off any and all amounts due to Catalent or any of its Affiliates from Client against any credits Client may hold with Catalent or any of its Affiliates.
18.14    Force Majeure.  Neither party shall be liable in damages for, nor shall this Agreement be terminable or cancelable by reason of, any delay or default in such party’s performance hereunder if such default or delay is caused by events beyond such party’s reasonable control, including acts of God, law or regulation or other action or failure to act of any government or agency thereof, war or insurrection, civil commotion, destruction of production facilities or materials by earthquake, fire, flood or weather, labor disturbances, epidemic or failure of suppliers, vendors, public utilities or common carriers; provided , that the party seeking relief under this Section shall immediately notify the other party of such cause(s) beyond such party’s reasonable control.  The party that may invoke this Section shall use commercially reasonable efforts to reinstate its ongoing obligations to the other party as soon as practicable.  If the cause(s) shall continue unabated for 180 days, then both parties shall meet to discuss and negotiate in good faith what modifications to this Agreement should result from such cause(s).

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18.15    Counterparts.  This Agreement may be executed in one or more counterparts, each of which will be deemed an original but all of which together will constitute one and the same instrument.  Any photocopy, facsimile or electronic reproduction of the executed Agreement shall constitute an original.
{Signature page follows}

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[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

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IN WITNESS WHEREOF, the parties have caused their respective duly authorized representatives to execute this Amended and Restated Agreement effective as of the Restatement Effective Date.
	
						
	CATALENT PHARMA SOLUTIONS, LLC
	 
	ADAMAS  PHARMACEUTICALS, INC.
	 

	 
	 
	 
	 
	 
	 

	By:    /s/  Jonathan Arnold          
	 
	 
	By:  /s/ Rajesh Mahey     
	 
	 

	Name: Jonathan Arnold
	 
	 
	Name: Rajesh Mahey
	 
	 

	Title:   Vice President & General Manager 
Drug Delivery Solutions
	 
	Title:   Vice President 
Manufacturing Operations
	 

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[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

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LIST OF SCHEDULES, ATTACHMENTS AND EXHIBITS
Schedule 1.51:  Territory
Schedule 4.2:  Initial Forecast
Attachment A:  Validation, Processing and Related Services
Attachment B:  Specifications
		
	I.
	Client-supplied Materials (and associated specifications)

		
	II.
	Raw Materials (and associated specifications) and Qualified Vendor List

		
	III.
	Product Specifications (including Batch size) 

Attachment C:  Unit Pricing, Fees and Minimum Requirement
Attachment D:  Rolling Forecast Example
Exhibit I:  Form of Work Order
Exhibit II:  Form of Purchase Order

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[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

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SCHEDULE 1.51
TERRITORY
[*]

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[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

CONFIDENTIAL

ATTACHMENT A
VALIDATION, PROCESSING & RELATED SERVICES
The parties acknowledge and agree that the Validation Services are being performed in accordance with that certain Project Work Order No. QTE-9002055 Version 6, dated 17 May 2016 entitled [*] (“the “PWO”) and pursuant to the terms and conditions of the Master Services Agreement between the parties dated June 13, 2013 (the “MSA”).
Further, the parties agree that upon successful completion of the manufacture of the validation batches pursuant to Section 4.3 of the PWO, such validation batches shall thereafter be deemed “development batches” under Section 7.7 of this Agreement, subject to the terms and conditions of this Agreement and, for the avoidance of doubt, no longer subject to the terms and conditions of the MSA.  Further, upon acceptance of the validation report with respect to such validation batches by each of Client and Catalent, the validation batches shall no longer be deemed “development batches” but shall be deemed Product under this Agreement and available for commercial sale by Client and thereupon shall contribute to the satisfaction of Client’s Minimum Requirement obligation hereunder.  For clarity, Client shall not be obligated to pay Unit Pricing or any other amount (other than amounts set forth in the PWO) for such validation batches.

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[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

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ATTACHMENT B
SPECIFICATIONS
I.    Client-Supplied Materials (and associated specifications)
II.    Raw Materials (and associated specifications and approved vendor lists)
III.    Product Specifications 
[*] (8 pages omitted)

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ATTACHMENT C
UNIT/BATCH PRICING, FEES, AND MINIMUM REQUIREMENT
[*] (6 pages omitted)

[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

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ATTACHMENT D
Rolling Forecast Example

[*]
EXAMPLES - MINIMUM REQUIREMENTS, SHORTFALLS AND CATALENT COMMITMENTS
Examples for illustrative purposes only

[*]

[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

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EXHIBIT I
FORM OF WORK ORDER
The form of the work order shall be provided by Catalent and approved by Client, which approval shall not be unreasonably withheld.

[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

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EXHIBIT II
FORM OF PURCHASE ORDER
The form of the purchase order shall be provided by Client and approved by Catalent, which approval shall not be unreasonably withheld.

[*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

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