Document:

EX-10.1

 Exhibit 10.1 

EXECUTION COPY 
 SECOND
AMENDED AND RESTATED CREDIT AGREEMENT 
 dated as of December 9, 2021 

among 
 ASSURANT, INC.,

 as Borrower, 

THE LENDERS Party Hereto, 

JPMORGAN CHASE BANK, N.A., 

as Administrative Agent, 

and 
 WELLS FARGO BANK,
NATIONAL ASSOCIATION, 
 as Syndication Agent 

—————————— 

JPMORGAN CHASE BANK, N.A. and 

WELLS FARGO SECURITIES, LLC, 

as Joint Lead Arrangers and Joint Bookrunners 

BMO HARRIS BANK N.A., 

THE BANK OF NOVA SCOTIA, 

KEYBANK NATIONAL ASSOCIATION and 

U.S. BANK NATIONAL ASSOCIATION, 

as Co-Documentation Agents 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 SECTION 1. DEFINITIONS
	  	 	1	 
			
	 1.1
	 	Certain Defined Terms	  	 	1	 
	 1.2
	 	Accounting Terms; Utilization of GAAP for Purposes of Calculations Under Agreement	  	 	26	 
	 1.3
	 	Other Definitional Provisions and Rules of Construction	  	 	27	 
	 1.4
	 	Letter of Credit Amounts	  	 	27	 
	 1.5
	 	Divisions	  	 	28	 
	 1.6
	 	Interest Rates; Benchmark Notification	  	 	28	 
	 1.7
	 	Classification of Loans and Borrowings	  	 	28	 
		
	 SECTION 2. AMOUNT AND TERMS OF COMMITMENTS AND LOANS
	  	 	28	 
			
	 2.1
	 	Commitment; Making of Loan; Notes	  	 	28	 
	 2.2
	 	Interest on the Loans	  	 	30	 
	 2.3
	 	Fees	  	 	33	 
	 2.4
	 	Repayments and Prepayments; General Provisions Regarding Payments	  	 	34	 
	 2.5
	 	Increased Costs; Taxes	  	 	35	 
	 2.6
	 	Alternate Rate of Interest; Illegality; Break Funding Payments	  	 	39	 
	 2.7
	 	Replacement of a Lender	  	 	43	 
	 2.8
	 	Mitigation	  	 	44	 
	 2.9
	 	Increase of the Commitments	  	 	44	 
	 2.10
	 	Letters of Credit	  	 	46	 
	 2.11
	 	Reimbursement of LC Disbursements, Etc.	  	 	49	 
	 2.12
	 	Defaulting Lenders.	  	 	53	 
		
	 SECTION 3. CONDITIONS PRECEDENT
	  	 	54	 
			
	 3.1
	 	Conditions to Effectiveness	  	 	54	 
	 3.2
	 	Conditions to each Loan	  	 	55	 
		
	 SECTION 4. REPRESENTATIONS AND WARRANTIES
	  	 	56	 
			
	 4.1
	 	Organization, Powers, Qualification, Good Standing, Business and Subsidiaries	  	 	56	 
	 4.2
	 	Authorization of Borrowing, etc.	  	 	57	 
	 4.3
	 	Financial Condition	  	 	57	 
	 4.4
	 	No Material Adverse Change	  	 	58	 
	 4.5
	 	Title to Properties; Liens	  	 	58	 
	 4.6
	 	No Litigation; Compliance with Laws	  	 	59	 
	 4.7
	 	Payment of Taxes	  	 	59	 
	 4.8
	 	No Default	  	 	59	 
	 4.9
	 	Governmental Regulation	  	 	59	 
	 4.10
	 	Securities Activities	  	 	59	 
	 4.11
	 	Employee Benefit Plans	  	 	60	 
	 4.12
	 	Environmental Protection	  	 	60	 
	 4.13
	 	Solvency	  	 	60	 
	 4.14
	 	Restrictions	  	 	61	 
	 4.15
	 	Insurance Licenses	  	 	61	 
	 4.16
	 	Disclosure	  	 	61	 

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 4.17
	 	Anti-Corruption Laws; Sanctions and Anti-Money Laundering Laws	  	 	61	 
	 4.18
	 	Affected Financial Institutions	  	 	62	 
		
	 SECTION 5. AFFIRMATIVE COVENANTS
	  	 	62	 
			
	 5.1
	 	Financial Statements and Other Reports	  	 	62	 
	 5.2
	 	Books and Records	  	 	64	 
	 5.3
	 	Existence	  	 	65	 
	 5.4
	 	Insurance	  	 	65	 
	 5.5
	 	Payment of Taxes and Claims	  	 	65	 
	 5.6
	 	Compliance with Laws	  	 	65	 
	 5.7
	 	Use of Proceeds	  	 	65	 
	 5.8
	 	Guarantee	  	 	66	 
		
	 SECTION 6. NEGATIVE COVENANTS
	  	 	66	 
			
	 6.1
	 	Liens	  	 	66	 
	 6.2
	 	Priority Indebtedness	  	 	69	 
	 6.3
	 	[Intentionally Omitted]	  	 	69	 
	 6.4
	 	Restrictions on Subsidiary Distributions	  	 	69	 
	 6.5
	 	Restricted Payments	  	 	70	 
	 6.6
	 	Restriction on Fundamental Changes and Asset Sales	  	 	70	 
	 6.7
	 	[Intentionally Omitted]	  	 	70	 
	 6.8
	 	Transactions with Affiliates	  	 	70	 
	 6.9
	 	Financial Covenants	  	 	70	 
		
	 SECTION 7. EVENTS OF DEFAULT
	  	 	71	 
			
	 7.1
	 	Failure to Make Payments When Due	  	 	71	 
	 7.2
	 	Default in Other Agreements	  	 	71	 
	 7.3
	 	Breach of Certain Covenants	  	 	71	 
	 7.4
	 	Breach of Warranty	  	 	71	 
	 7.5
	 	Other Defaults Under Loan Documents	  	 	71	 
	 7.6
	 	Involuntary Bankruptcy; Appointment of Receiver, etc.	  	 	72	 
	 7.7
	 	Voluntary Bankruptcy; Appointment of Receiver, etc.	  	 	72	 
	 7.8
	 	Judgments and Attachments	  	 	72	 
	 7.9
	 	Dissolution	  	 	72	 
	 7.10
	 	Employee Benefit Plans	  	 	73	 
	 7.11
	 	Change of Control	  	 	73	 
	 7.12
	 	Repudiation of Obligations	  	 	73	 
	 7.13
	 	Insurance Licenses	  	 	73	 
	 7.14
	 	Guarantee Agreement	  	 	73	 
		
	 SECTION 8. MISCELLANEOUS
	  	 	73	 
			
	 8.1
	 	Assignments and Participations in Loans and Notes	  	 	73	 
	 8.2
	 	Expenses	  	 	76	 
	 8.3
	 	Indemnity	  	 	76	 
	 8.4
	 	Set-Off	  	 	78	 
	 8.5
	 	Amendments and Waivers	  	 	78	 
	 8.6
	 	Independence of Covenants	  	 	79	 
	 8.7
	 	Notices	  	 	79	 

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 8.8
	 	Survival of Representations, Warranties and Agreements	  	 	81	 
	 8.9
	 	Failure or Indulgence Not Waiver; Remedies Cumulative	  	 	81	 
	 8.10
	 	Marshalling; Payments Set Aside	  	 	82	 
	 8.11
	 	Severability	  	 	82	 
	 8.12
	 	Headings	  	 	82	 
	 8.13
	 	Applicable Law	  	 	82	 
	 8.14
	 	Successors and Assigns	  	 	82	 
	 8.15
	 	Consent to Jurisdiction and Service of Process	  	 	82	 
	 8.16
	 	Waiver of Jury Trial	  	 	83	 
	 8.17
	 	Confidentiality	  	 	84	 
	 8.18
	 	Ratable Sharing	  	 	85	 
	 8.19
	 	Counterparts; Integration; Effectiveness; Electronic Execution	  	 	85	 
	 8.20
	 	Obligations Several; Independent Nature of Lenders’ Rights	  	 	87	 
	 8.21
	 	Usury Savings Clause	  	 	87	 
	 8.22
	 	PATRIOT Act	  	 	87	 
	 8.23
	 	No Advisory or Fiduciary Relationships	  	 	87	 
	 8.24
	 	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	88	 
	 8.25
	 	Release of Guarantees	  	 	89	 
	 8.26
	 	Acknowledgement Regarding Any Supported QFCs	  	 	89	 
		
	 SECTION 9. AGENTS
	  	 	90	 
			
	 9.1
	 	Appointment	  	 	90	 
	 9.2
	 	Powers and Duties; General Immunity	  	 	90	 
	 9.3
	 	Representations and Warranties; No Responsibility For Appraisal of Creditworthiness	  	 	92	 
	 9.4
	 	Right to Indemnity	  	 	92	 
	 9.5
	 	Successor Administrative Agent	  	 	92	 
	 9.6
	 	Acknowledgment of Potential Related Transactions	  	 	93	 
	 9.7
	 	Non-Receipt of Funds by the Administrative Agent	  	 	93	 
	 9.8
	 	Withholding Tax	  	 	93	 
	 9.9
	 	Erroneous Payments	  	 	94	 
	 9.10
	 	Certain ERISA Matters	  	 	95	 
		
	 SCHEDULES
	  			
			
	1.1	 	PRICING SCHEDULE	  			
	1.2	 	LENDERS’ COMMITMENTS	  			
	1.3	 	EXISTING FRONTED LETTERS OF CREDIT	  			
	4.1C	 	SUBSIDIARIES	  			
	4.6	 	LITIGATION	  			
	6.1	 	EXISTING SECURED INDEBTEDNESS	  			
	6.4	 	APPLICABLE ORDERS AND AGREEMENTS	  			
	6.8	 	TRANSACTIONS WITH AFFILIATES	  			
		
	 EXHIBITS
	  			
			
	I	 	FORM OF NOTICE OF BORROWING	  			
	II	 	FORM OF CONVERSION/CONTINUATION NOTICE	  			
	III	 	FORM OF NOTE	  			

  
 iii 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	 	 	  	Page
	IV	 	FORMS OF U.S. TAX CERTIFICATES	  	
	V	 	FORM OF ASSIGNMENT AGREEMENT	  	
	VI	 	FORM OF CONFIRMING LENDER AGREEMENT	  	
	VII	 	FORM OF GUARANTEE AGREEMENT	  	

  
 iv 

 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of December 9, 2021 is entered into among ASSURANT, INC., a Delaware
corporation (the “Borrower”), the Lenders (as defined below) party hereto, JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), and WELLS FARGO BANK,
NATIONAL ASSOCIATION, as syndication agent (in such capacity, the “Syndication Agent”). 
 PRELIMINARY STATEMENTS

 WHEREAS, the Borrower, the Administrative Agent, and the Lenders have entered into that certain Amended and Restated Credit
Agreement, dated as of December 15, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the “Existing Credit Agreement”); and 

WHEREAS, the Borrower has requested that on the Effective Date (as defined below) (a) the Existing Credit Agreement be amended and
restated in its entirety on the terms set forth in this Agreement and (b) the Existing Credit Agreement be of no further force and effect. 

NOW, THEREFORE, in consideration of the mutual agreements contained herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Borrower, the Lenders, the Administrative Agent and the Syndication Agent agree as follows: 

SECTION 1. DEFINITIONS 
 1.1
Certain Defined Terms. 
 The following terms used in this Agreement shall have the following meanings: 

“Administrative Agent” has the meaning assigned to such term in the introduction to this Agreement and includes any of the
Administrative Agent’s designated branch offices or affiliates and any successor Administrative Agent appointed pursuant to Section 9.5. 

“Adjusted Daily Simple SOFR” means an interest rate per annum equal to (a) the Daily Simple SOFR, plus (b) 0.10%;
provided that if the Adjusted Daily Simple SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. 

“Adjusted Term SOFR Rate” means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for
such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. 

“Administrative Questionnaire” means an administrative questionnaire, substantially in the form supplied by the
Administrative Agent, completed by a Lender and furnished to the Administrative Agent in connection with this Agreement. 

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

“Affected Lender” has the meaning assigned to such term in Section 2.6B. 

 “Affected Loans” has the meaning assigned to such term in
Section 2.6B. 
 “Affiliate” means, as applied to any Person, any other Person directly or
indirectly controlling, controlled by, or under common control with, that Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled by” and
“under common control with”), as applied to any Person, means the possession, directly or indirectly, of the power (i) to vote 10% or more of the Securities having ordinary voting power for the election of directors of such Person or
(ii) to direct or cause the direction of the management and policies of that Person, whether through the ownership of voting securities or by contract or otherwise. 

“Agent” means each of the Administrative Agent and the Syndication Agent. 

“Agent Party” has the meaning assigned to such term in Section 8.7D. 

“Aggregate Amounts Due” has the meaning assigned to such term in Section 8.18. 

“Aggregate Credit Exposure” means the aggregate amount of the Credit Exposures of each of the Lenders. 

“Agreement” means this Second Amended and Restated Credit Agreement. 

“Ancillary Document” has the meaning assigned to such term in Section 8.19. 

“Annual Convention Statements” has the meaning assigned to such term in Section 4.3B. 

“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or its
Subsidiaries from time to time concerning or relating to bribery or corruption. 
 “Anti-Money Laundering Laws” has the
meaning assigned to such term in Section 4.17(iii). 
 “Applicable Insurance Regulatory
Authority” means, when used with respect to any Insurance Subsidiary, the insurance department or similar administrative authority or agency located in (i) the state or other jurisdiction in which such Insurance Subsidiary is domiciled
or (ii) to the extent asserting regulatory jurisdiction over such Insurance Subsidiary, each state or other jurisdiction in which such Insurance Subsidiary is licensed or conducts business, and shall include any Federal insurance regulatory
department, authority or agency that may be created and that asserts regulatory jurisdiction over such Insurance Subsidiary. 

“Applicable Margin” means a percentage per annum determined by reference to Schedule 1.1. 

“Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in
bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (i) a Lender, (ii) an Affiliate of a Lender or (iii) an entity or an Affiliate of an entity that administers or
manages a Lender. 
 “Arrangers” means JPMCB and Wells Fargo Securities, LLC. 

“Assignment Agreement” means an Assignment and Assumption Agreement substantially in the form of Exhibit V, with such
amendments or modifications as may be approved by the Administrative Agent. 

  
 2 

 “Assuming Lender” has the meaning assigned to such term in
Section 2.9. 
 “Availability Period” means the period commencing on the Effective Date to but
not including the Commitment Termination Date. 
 “Available Tenor” means, as of any date of determination and with respect
to the then-current Benchmark, as applicable, any tenor for such Benchmark (or component thereof) or payment period for interest calculated with reference to such Benchmark (or component thereof), as applicable, that is or may be used for
determining the length of an Interest Period for any term rate or otherwise, for determining any frequency of making payments of interest calculated pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor
for such Benchmark that is then-removed from the definition of “Interest Period” set forth in Section 2.2B pursuant to clause (v) of Section 2.6A(i). 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the
applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 

“Bail-In Legislation” means (a) with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the
United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). 

“Bank Party” means the Administrative Agent, each LC Issuing Bank or any other Lender. 

“Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy”. 

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

“Base Rate” means, for any day, a rate per annum equal to the greatest of (i) the Prime Rate in effect on such day,
(ii) the NYFRB Rate in effect on such day plus 1/2 of 1.00% and (iii) the Adjusted Term SOFR Rate for a one month Interest Period (the “Relevant Adjusted Term SOFR Rate”) as published two U.S. Government Securities
Business Days prior to such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1.00%; provided that, for the purpose of this definition, the Adjusted Term SOFR Rate for any day shall be based on the
Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, on such day (or any amended publication time for the Term SOFR Reference Rate, as specified by the CME Term SOFR Administrator in the Term SOFR Reference Rate methodology). Any

  
 3 

 
change in the Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Relevant Adjusted Term SOFR Rate shall be effective from and including the effective date of such change in the
Prime Rate, the NYFRB Rate or the Relevant Adjusted Term SOFR Rate, respectively. If the Base Rate is being used as an alternate rate of interest pursuant to Section 2.6A (for the avoidance of doubt, only until the
Benchmark Replacement has been determined pursuant to Section 2.6A(ii)), then the Base Rate shall be the greater of clauses (i) and (ii) above and shall be determined without reference to clause (iii) above. For
the avoidance of doubt, if the Base Rate as determined pursuant to the foregoing would be less than 1.00%, such rate shall be deemed to be 1.00% for purposes of this Agreement. 

“Base Rate Loan” means a Loan bearing interest at a rate determined by reference to the Base Rate. 

“Benchmark” means, initially, with respect to any (i) RFR Loan, the Daily Simple SOFR or (ii) Term Benchmark Loan,
the Term SOFR Rate; provided that if a Benchmark Transition Event, and the related Benchmark Replacement Date have occurred with respect to the Daily Simple SOFR or Term SOFR Rate, as applicable, or the then-current Benchmark, then
“Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to clause (ii) of Section 2.6A(ii). 

“Benchmark Replacement” means, for any Available Tenor, the first alternative set forth in the order below that can be
determined by the Administrative Agent for the applicable Benchmark Replacement Date: 
 (1) the Adjusted Daily Simple SOFR;

 (2) the sum of: (a) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower
as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the
Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for dollar-denominated syndicated credit facilities at such time in the United
States and (b) the related Benchmark Replacement Adjustment; 
 provided that if the Benchmark Replacement as determined
pursuant to clause (1) or (2) above would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents. 

“Benchmark Replacement Adjustment” means, with respect to any replacement of the then-current Benchmark with an Unadjusted
Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive
or negative value or zero) that has been selected by the Administrative Agent and the Borrower for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for
calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date and/or (ii) any
evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for
dollar-denominated syndicated credit facilities at such time. 

  
 4 

 “Benchmark Replacement Conforming Changes” means, with respect to any
Benchmark Replacement and/or any Term Benchmark Loan, any technical, administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “U.S.
Government Securities Business Day,” the definition of “Interest Period” set forth in Section 2.2B, timing and frequency of determining rates and making payments of interest, timing of borrowing requests or
prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Administrative Agent decides may be appropriate to reflect the
adoption and implementation of such Benchmark and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of
such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark exists, in such other manner of administration as the Administrative Agent decides is
reasonably necessary in connection with the administration of this Agreement and the other Loan Documents). 
 “Benchmark
Replacement Date” means, with respect to any Benchmark, the earliest to occur of the following events with respect to such then-current Benchmark: 

(1) in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of
(a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or indefinitely
ceases to provide all Available Tenors of such Benchmark (or such component thereof); or 
 (2) in the case of clause
(3) of the definition of “Benchmark Transition Event,” the first date on which such Benchmark (or the published component used in the calculation thereof) has been determined and announced by the regulatory supervisor for the
administrator of such Benchmark (or such component thereof) to be no longer representative; provided, that such non-representativeness will be determined by reference to the most recent statement or
publication referenced in such clause (c) and even if any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date. 

For the avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than,
the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination and (ii) the “Benchmark Replacement Date” will be deemed to have
occurred in the case of clause (1) or (2) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used
in the calculation thereof). 
 “Benchmark Transition Event” means, with respect to any Benchmark, the occurrence of one or
more of the following events with respect to such then-current Benchmark: 
 (1) a public statement or publication of
information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such
component thereof), permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); 

  
 5 

 (2) a public statement or publication of information by the regulatory
supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof), the FRB, the NYFRB, the CME Term SOFR Administrator, an insolvency official with jurisdiction over the administrator for such Benchmark
(or such component), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such
component), in each case, which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; provided
that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or 

(3) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or
the published component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer, or as of a specified future date will no longer be, representative. 

For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred with respect to any Benchmark if a public
statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof). 

“Benchmark Unavailability Period” means, with respect to any Benchmark, the period (if any) (x) beginning at the time
that a Benchmark Replacement Date pursuant to clauses (1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and under any Loan Document in
accordance with Section 2.6A and (y) ending at the time that a Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with
Section 2.6A. 
 “Beneficial Ownership Certification” means a certification regarding beneficial
ownership or control as required by the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation” means 31
C.F.R. § 1010.230. 
 “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in
Section 3(3) of ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code to which Section 4975 of the Code applies, and (c) any Person whose assets include (for purposes of
the Plan Asset Regulations or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

“BHC Act Affiliate” of a party means an “affiliate’ (as such term is defined under, and interpreted in accordance
with, 12 U.S.C. 1841(k)) of such party. 
 “Borrower” has the meaning assigned to such term in the introduction to this
Agreement. 
 “Borrowing” means a group of Loans of the same Type of Loan made, continued or converted on the same day and,
in the case of Term Benchmark Loans, having the same Interest Period. 
 “Business Day” means, any day (other than a
Saturday or a Sunday) on which banks are open for business in New York City or Chicago; provided that, in relation to RFR Loans and any interest rate settings, fundings, disbursements, settlements or payments of any such RFR Loan, or any other
dealings of such RFR Loan, any such day that is only an U.S. Government Securities Business Day. 

  
 6 

 “Capital Stock” means 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), including partnership interests and membership interests, and any and all warrants, rights
or options to purchase or other arrangements or rights to acquire any of the foregoing. 
 “Cash” means money, currency or
a credit balance in any demand or deposit account. 
 “Cash Equivalents” means, as at any date of determination,
(i) marketable securities (a) issued or directly and unconditionally guaranteed as to interest and principal by the United States Government or (b) issued by any agency of the United States the obligations of which are backed by the
full faith and credit of the United States, in each case maturing within one year after such date; (ii) marketable direct obligations issued by any state of the United States of America or any political subdivision of any such state or any
public instrumentality thereof, in each case maturing within one year after such date and having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; (iii) commercial paper maturing no more than one year from the date of creation thereof and having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; (iv) certificates of deposit or bankers’ acceptances maturing within one year after such date and issued or
accepted by any Lender or by any commercial bank organized under the laws of the United States of America or any state thereof or the District of Columbia that (a) is at least “adequately capitalized” (as defined in the regulations of
its primary Federal banking regulator) and (b) has Tier 1 capital (as defined in such regulations) of not less than $100,000,000; and (v) shares of any money market mutual fund that (a) has substantially all of its assets invested
continuously in the types of investments referred to in clauses (i) and (ii) above, (b) has net assets of not less than $500,000,000, and (c) has the highest rating obtainable from either S&P or Moody’s.

 “CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. §9604). 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or
taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or
issuance of any request, rule, guideline, requirement or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street
Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder, issued in connection therewith or in implementation thereof and (y) all requests, rules, guidelines, requirements and directives
promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case
be deemed to be a “Change in Law”, regardless of the date enacted, adopted, implemented or issued. 
 “Change of
Control” means that (a) any Person or “group” (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) (i) shall have acquired
beneficial ownership of 30% or more on a fully diluted basis of the voting and/or economic interest in the Capital Stock of the Borrower or (ii) shall have obtained the power (whether or not exercised) to elect a majority of the members of the
board of directors (or similar governing body) of the Borrower, except, in each case, any direct or indirect parent company of which the Borrower is a Subsidiary; provided that no Person (other than another direct or indirect parent company
of which the Borrower is a Subsidiary) or “group” (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) (x) shall have acquired beneficial
ownership of 30% or more on a fully diluted 

  
 7 

 
basis of the voting and/or economic interest in the Capital Stock of such parent company or (y) shall have obtained the power (whether or not exercised) to elect a majority of the members of
the board of directors (or similar governing body) of such parent company; or (b) during any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent governing body of the Borrower 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. 

“CME Term SOFR Administrator” means CME Group Benchmark Administration Limited as administrator of the forward-looking term
Secured Overnight Financing Rate (SOFR) (or a successor administrator). 
 “Commitment” means, with respect to any Lender,
the commitment of such Lender to make Loans to the Borrower pursuant to Section 2.1A, to issue Syndicated Letters of Credit for the account of the Borrower pursuant to Section 2.10 and/or to
acquire participations in Fronted Letters of Credit pursuant to Section 2.11, and “Commitments” means such commitments of all Lenders in the aggregate. The amount of the Commitment of each Lender as of the
Effective Date is set forth on Schedule 1.2. 
 “Commitment Fee Rate” means a percentage per annum determined by
reference to Schedule 1.1. 
 “Commitment Increase” has the meaning assigned to such term in
Section 2.9. 
 “Commitment Increase Date” has the meaning assigned to such term in
Section 2.9. 
 “Commitment Termination Date” means the earlier to occur of (i) the Maturity
Date and (ii) the date on which the Commitments terminate pursuant to Section 2.4B(i). 

“Communications” has the meaning assigned to such term in Section 8.7D. 

“Compliance Certificate” means a certificate of the chief financial officer, treasurer or controller of the Borrower
(i) setting forth computations in reasonable detail satisfactory to the Administrative Agent demonstrating compliance with the covenants set forth in Section 6.2 and Section 6.9 as at the end
of the period covered by the financial statements being delivered with such certificate and (ii) certifying as to no Potential Event of Default or Event of Default except as otherwise specified in such certificate. 

“Confirming Lender” means, with respect to any Lender, any other Person which is listed on the NAIC Qualified U.S. Financial
Institutions List that has agreed, by delivery of an agreement between such Lender and such other Person in substantially the form of Exhibit VI or any other form reasonably satisfactory to the Administrative Agent, to honor the obligations
of such Lender in respect of a draft complying with the terms of a Syndicated Letter of Credit as if, and to the extent, such other Person were an “issuing bank” (in place of such Lender) named in such Syndicated Letter of Credit. 

“Consolidated Adjusted Net Worth” means, as at any date of determination, the sum of (a) the amounts that would, in
accordance with GAAP, be included on the consolidated balance sheet of the Borrower and its Subsidiaries as of such date as total stockholders’ equity (including all “preferred stock” (other than Disqualified Capital Stock and/or
Hybrid Securities that are determined to be, or that are treated as, “preferred stock”)), but excluding (i) treasury stock, (ii) accumulated other comprehensive income 

  
 8 

 
(AOCI) and (iii) noncontrolling interests in subsidiaries (as determined in accordance with the Statement of Financial Accounting Standards No. 160, entitled “Noncontrolling
Interests in Consolidated Financial Statements”), and (b) the amounts of all obligations of the Borrower and its Subsidiaries in respect of Disqualified Capital Stock and/or Hybrid Securities to the extent, as at such date of
determination, such obligations would be excluded from the definition of “Indebtedness” by virtue of the proviso contained in clause (ix) of such definition. 

“Consolidated Capitalization” means, in respect of the Borrower and its Subsidiaries on a consolidated basis, as at any date
of determination, the sum of Consolidated Total Debt and Consolidated Adjusted Net Worth. 
 “Consolidated Net Income”
means, in respect of the Borrower and its Subsidiaries on a consolidated basis, for any period, (i) the net income (or loss) for the Borrower and its Subsidiaries for such period taken as a single accounting period determined in conformity with
GAAP, minus (ii) (a) the income (or loss) of any Person accrued during such period and prior to the date it becomes a Subsidiary or is merged into or consolidated with the Borrower or any of its Subsidiaries or that Person’s assets
are acquired by the Borrower or any of its Subsidiaries and (b) any after-tax gains or losses during such period attributable to returned surplus assets of any Pension Plan. 

“Consolidated Total Debt” means, in respect of the Borrower and its Subsidiaries on a consolidated basis, as at any date of
determination, the aggregate stated balance sheet amount of all Indebtedness, determined on a consolidated basis in accordance with GAAP, but excluding: (i) Indebtedness constituting letters of credit issued for insurance regulatory purposes
(including, for the avoidance of doubt, for reserve credit and required solvency ratio purposes) and for which adequate insurance reserves or other appropriate provisions consistent with past practice of the Borrower have been made therefor; and (ii) Non-Recourse Indebtedness. 
 “Consolidated Total Debt to Capitalization
Ratio” means, in respect of the Borrower and its Subsidiaries on a consolidated basis, the ratio of (i) Consolidated Total Debt as of the last day of any Fiscal Quarter to (ii) Consolidated Capitalization as of such date. 

“Contractual Obligation”, as applied to any Person, means any provision of any securities issued by that Person or of any
indenture, mortgage, deed of trust, or other material contract, undertaking, agreement or other material instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject.

 “Corresponding Tenor” with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or
an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor. 

“Covered Entity” means any of the following: 

(i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

 (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b);
or 
 (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
382.2(b). 

  
 9 

 “Covered Party” has the meaning assigned to it in
Section 8.26. 
 “Conversion/Continuation Date” means the effective date of a continuation or
conversion, as the case may be, as set forth in the applicable Conversion/Continuation Notice. 
 “Conversion/Continuation
Notice” means a Conversion/Continuation Notice substantially in the form of Exhibit II. 
 “Credit
Exposure” means, with respect to any Lender at any time, the sum of (i) the aggregate principal amount of such Lender’s Loans and (ii) such Lender’s LC Exposure, in each case, outstanding at such time. 

“Credit Extension” means any Borrowing or the issuance, amendment or extension of any Letter of Credit hereunder. 

“Credit Party” means the Borrower and each Guarantor. 

“Daily Simple SOFR” means, for any day (a “SOFR Rate
Day”), a rate per annum equal SOFR for the day that is five (5) U.S. Government Securities Business Day prior to (i) if such SOFR Rate Day is a U.S. Government Securities Business Day, such SOFR Rate Day or (ii) if such SOFR
Rate Day is not a U.S. Government Securities Business Day, the U.S. Government Securities Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s
Website. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to the Borrower. 

“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§
252.81, 47.2 or 382.1, as applicable. 
 “Defaulting Lender” means any Lender that (a) has failed, within three
Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans or obligations in respect of Syndicated Letters of Credit or participations in Fronted Letters of Credit or (ii) pay over to the Administrative
Agent, any Fronted LC Issuing Bank or any other Lender any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative Agent and the Borrower in writing that such
failure is the result of such Lender’s good faith determination that a condition precedent to funding (specifically identified and including the particular default, if any) has not been satisfied, (b) has notified the Borrower, the
Administrative Agent, any Fronted LC Issuing Bank or any Lender in writing, or made a public statement to the effect, that it does not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public
statement indicates that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding a Loan under this Agreement cannot be
satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three Business Days after request by the Administrative Agent or the Borrower, to confirm in writing that it will comply with its
funding obligations under this Agreement (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon the Administrative Agent’s receipt of such certification), (d) has become the subject
of a Bankruptcy Event or (e) has become the subject of a Bail-In Action. 

“Disqualified Capital Stock” means that portion of any Capital Stock (other than Capital Stock that is solely redeemable, or
at the election of the Borrower (not subject to any condition), may be redeemed, with Capital Stock that is not Disqualified Capital Stock) which, by its terms (or by the terms of any security into which it is convertible or for which it is
exchangeable at the option of the holder thereof), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the sole option of the holder thereof, on or prior
to 91 days after the scheduled Maturity Date. 

  
 10 

 “Dollars” and the sign “$” mean the lawful money of the
United States of America. 
 “EEA Financial Institution” means (i) any credit institution or investment firm
established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (ii) any entity established in an EEA Member Country which is a parent of an institution described in clause (i) of this
definition, or (iii) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (i) or (ii) of this definition and is subject to consolidated supervision with
its parent. 
 “EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and
Norway. 
 “EEA Resolution Authority” means 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. 

“Effective Date” means the date on which all conditions precedent set forth in Section 3.1 have
been satisfied (or waived in accordance with Section 8.5). 
 “Electronic Signature” means an
electronic sound, symbol, or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record. 

“Electronic System” means any electronic system, including e-mail, e-fax, SyndTrak, Intralinks®, DebtDomain,
ClearPar® and any other Internet or extranet-based site, whether such electronic system is owned, operated or hosted by the Administrative Agent and any Fronted LC Issuing Bank and any of its
respective Related Parties or any other Person, providing for access to data protected by passcodes or other security system. 

“Eligible Assignee” means any Person which is (i) a Lender or an Affiliate of a Lender; or (ii) a commercial bank,
savings and loan association, savings bank, insurance company, investment or mutual fund or other entity that is an “accredited investor” (as defined in Regulation D under the Securities Act) and which extends credit or buys loans as one
of its businesses; provided that (a) such Person is a NAIC Qualified U.S. Financial Institution and (b) no Ineligible Institution shall be an Eligible Assignee. 

“Employee Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA which is or was
maintained or contributed to by the Borrower or any of its Subsidiaries or, in the case of any such plan subject to Title IV of ERISA, by any ERISA Affiliate. 

“Environmental Claim” means any investigation, notice, notice of violation, claim, action, suit, proceeding, demand,
abatement order or other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising (i) pursuant to or in connection with any actual or alleged violation of any Environmental Law, (ii) in
connection with any Hazardous Materials or any actual or alleged Hazardous Materials Activity or (iii) in connection with any actual or alleged damage, injury, threat or harm to health, safety, natural resources or the environment. 

  
 11 

 “Environmental Laws” means any and all current or future federal, state,
local and foreign laws and regulations, statutes, ordinances, orders, rules, guidance documents, judgments, Governmental Authorizations, or any other requirements of Governmental Authorities relating to (i) environmental matters, including
those relating to any Hazardous Materials Activity, (ii) the generation, use, storage, transportation or disposal of Hazardous Materials, or (iii) occupational safety and health, industrial hygiene, land use or the protection of human
health or the environment, in any manner applicable to the Borrower or any of its Subsidiaries or any Facilities. 

“ERISA” means the Employee Retirement Income Security Act of 1974. 

“ERISA Affiliate” means (i) any corporation which is a member of a controlled group of corporations within the meaning
of Section 414(b) of the Internal Revenue Code of which the Borrower or any Subsidiary is a member; (ii) any trade or business (whether or not incorporated) which is a member of a group of trades or businesses under common control within
the meaning of Section 414(c) of the Internal Revenue Code of which the Borrower or any Subsidiary is a member; and (iii) any member of an affiliated service group within the meaning of Section 414(m) or (o) of the Internal
Revenue Code of which the Borrower, any Subsidiary, any corporation described in clause (i) above or any trade or business described in clause (ii) above is a member. 

“ERISA Event” means (i) a “reportable event” within the meaning of Section 4043 of ERISA and the
regulations issued thereunder with respect to any Pension Plan (excluding those for which the provision for 30-day notice to the PBGC has been waived by regulation); (ii) the failure to meet the minimum
funding requirements of Section 412 of the Internal Revenue Code with respect to any Pension Plan (whether or not waived in accordance with Section 412(c) of the Internal Revenue Code) or the failure to make by its due date a required
installment under Section 430 of the Internal Revenue Code with respect to any Pension Plan; (iii) the provision by the administrator of any Pension Plan pursuant to Section 4041(a)(2) of ERISA of a notice of intent to terminate such
plan in a distress termination described in Section 4041(c) of ERISA or the commencement of proceedings by the PBGC to terminate a pension plan or the appointment of a trustee to administer a pension plan; (iv) the withdrawal by the
Borrower, any Subsidiary or any ERISA Affiliate from any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan, in each case, resulting in liability pursuant to Section 4063 or 4064 of ERISA;
(v) the occurrence of an event or condition that could reasonably be expected to give rise to the imposition of liability on the Borrower, any Subsidiary or any ERISA Affiliate pursuant to Section 4062(e) or 4069 of ERISA or by reason of
the application of Section 4212(c) of ERISA; (vi) the filing of a material claim (other than routine claims for benefits) against any Employee Benefit Plan other than a Multiemployer Plan or the assets thereof, or against the Borrower, any
Subsidiary or any ERISA Affiliate in connection with any Employee Benefit Plan; or (vii) the imposition of, or the occurrence of an event or condition that could reasonably be expected to result in the imposition of, a Lien pursuant to ERISA
with respect to any Pension Plan; (viii) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the complete or partial withdrawal from a Multiemployer Plan; or (ix) the receipt by any Credit Party
or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from any Credit Party or any ERISA Affiliate of any notice, concerning the imposition of liability to a Multiemployer Plan as a result of a complete or partial withdrawal
from such Multiemployer Plan or determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA or, endangered or critical status, within the meaning of Section 432 of
the Code or Section 305 of ERISA. 
 “EU Bail-In Legislation Schedule” means
the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Event of Default” means each of the events set forth in Section 7. 

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

  
 12 

 “Existing Fronted Letters of Credit” means the letters of credit issued
under the Existing Credit Agreement by Wells Fargo Bank, National Association for the account of the Borrower prior to the Effective Date that are outstanding as of the Effective Date and identified in Schedule 1.3. 

“Facilities” means any and all real property (including all buildings, fixtures or other improvements located thereon) now,
hereafter or heretofore owned, leased, operated or used by the Borrower or any of its Subsidiaries or any of their respective predecessors or Affiliates. 

“FATCA” means Sections 1471 through 1474 of the Internal Revenue 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
Internal Revenue Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Internal Revenue Code.
For purposes of the preceding sentence, such amended or successor version of FATCA shall be deemed not to be materially more onerous for a Lender to comply with if the Borrower shall have offered to compensate such Lender for the costs of such
compliance (including costs attributable to the Lender’s own personnel) to the reasonable satisfaction of such Lender. 

“Federal Funds Effective Rate” means, for any day, the rate calculated by the NYFRB based on such day’s federal funds
transactions by depositary institutions, as determined in such manner as shall be set forth on the NYFRB’s Website from time to time, and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate;
provided that if the Federal Funds Effective Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. 

“Fee Letter” means each Fee Letter between the Borrower and any of the Administrative Agent or the Arrangers (or any
Affiliate thereof) with respect to the Revolving Credit Facility. 
 “Finance Lease”, as applied to any Person, means any
lease of any property (whether real, personal or mixed) by that Person as lessee that, in conformity with GAAP under ASC 842, is classified as a finance lease. 

“Fiscal Quarter” means a fiscal quarter of any Fiscal Year. 

“Fiscal Year” means the fiscal year of the Borrower and its Subsidiaries ending on December 31 of each calendar year.
For purposes of this Agreement, any particular Fiscal Year shall be designated by reference to the calendar year in which such Fiscal Year ends. 

“Floor” means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement,
the modification, amendment or renewal of this Agreement or otherwise) with respect to the Adjusted Term SOFR Rate or the Adjusted Daily Simple SOFR, as applicable. For the avoidance of doubt the initial Floor for each of Adjusted Term SOFR Rate or
the Adjusted Daily Simple SOFR shall be 0%. 
 “Foreign Subsidiary” means any Subsidiary that is not organized under the
laws of a jurisdiction located in the United States of America. 
 “Foreign Subsidiary HoldCo” means a Subsidiary that owns
(directly or through its Subsidiaries) no material assets other than the stock or Indebtedness of one or more Foreign Subsidiaries. 

“FRB” means the Board of Governors of the Federal Reserve System. 

  
 13 

 “Fronted LC Issuing Bank” means any bank designated by the Borrower that is
acceptable to the Administrative Agent in its reasonable discretion and that has agreed in writing to act as a Fronted LC Issuing Bank hereunder, in either case, in its capacity as an issuer of Fronted Letters of Credit hereunder, and its successors
in such capacity as provided in Section 2.10G. 
 “Fronted Letters of Credit” means the letters
of credit issued by each Fronted LC Issuing Bank, in each case as the sole issuer thereof, under Section 2.10, and shall include the Existing Fronted Letters of Credit. 

“Funding and Payment Office” means the office of the Administrative Agent as set forth under the Administrative Agent’s
name on the signature pages hereof, or such other office designated in a written notice delivered by the Administrative Agent to the Borrower and each Lender. 

“GAAP” means, subject to the limitations on the application thereof set forth in Section 1.2,
generally accepted accounting principles set forth in opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards
Board or in such other statements by such other entity as may be approved by a significant segment of the accounting profession, in each case as the same are applicable to the circumstances as of the date of determination. 

“Governmental Authority” means any federal, state, municipal, national or other government, governmental department,
commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity or officer exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to any government or any
court, in each case whether associated with a state of the United States, the United States, or a foreign entity or government, and shall include any Applicable Insurance Regulatory Authority. 

“Governmental Authorization” means any permit, license, authorization, plan, directive, consent order or consent decree of or
from any Governmental Authority. 
 “Group” means the Borrower and its Subsidiaries. Each member of the Group, a
“Group Member”. 
 “Guarantee” of or by any Person (the “guarantor”) means any
obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and
including any obligation of the guarantor, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or to purchase (or to advance or supply funds for the purchase of) any security
for the payment thereof, (ii) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness of the payment thereof or (iii) to maintain working capital, equity capital or any other
financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or (iv) as an account party in respect of any letter of credit or letter of guaranty issued to support such
Indebtedness; provided that the term Guarantee shall not include (x) endorsements for collection or deposit in the ordinary course of business, (y) customary indemnity obligations provided in connection with any acquisition or
disposition of assets permitted hereunder and (z) the amount of any Guarantee in respect of limited recourse off balance sheet obligations in respect of credit support provided directly or indirectly to any Insurance Subsidiary for insurance
regulatory purposes (including, for the avoidance of doubt, for reserve credit and required solvency ratio purposes) and which are subject to net settlement arrangements. 

  
 14 

 “Guarantee Agreement” means a Guarantee Agreement entered into by any
Guarantor and the Administrative Agent with respect to the Revolving Credit Facility, substantially in the form of Exhibit VII. 

“Guarantor” means any Group Member that has executed and delivered a Guarantee Agreement or supplement thereto pursuant to
Section 5.8. 
 “Hazardous Materials” means any chemical, material or substance, exposure to
which is prohibited, limited or regulated by any Environmental Law or which poses a hazard to the health and safety of the owners, occupants or any Persons in the vicinity of any Facility or to the indoor or outdoor environment. 

“Hazardous Materials Activity” means any past, current, proposed or threatened activity, event or occurrence involving any
Hazardous Materials, including the use, manufacture, possession, storage, holding, presence, existence, location, Release, threatened Release, discharge, placement, generation, transportation, processing, construction, treatment, abatement, removal,
remediation, disposal, disposition or handling of any Hazardous Materials, and any corrective action or response action with respect to any of the foregoing. 

“Hybrid Securities” means (i) any preferred Securities which have the following characteristics: (a) a wholly-owned
Subsidiary which is a Delaware business trust (or similar entity) lends substantially all of the proceeds from the issuance of such preferred Securities to the Borrower or another wholly-owned Subsidiary in exchange for junior subordinated debt
Securities issued by the Borrower or such other wholly-owned Subsidiary (as the case may be), (b) such preferred Securities contain terms providing for the deferral of interest payments corresponding to provisions providing for the deferral of
interest payments on such junior subordinated debt Securities and (c) the Borrower or such wholly-owned Subsidiary (as the case may be) makes periodic interest payments on such junior subordinated debt Securities, which interest payments are in
turn used to make corresponding payments to the holders of the preferred Securities; and (ii) any debt Securities issued by the Borrower or a wholly-owned Subsidiary that are (a) mandatorily convertible into common equity or
(b) long-term Securities that (x) are contractually subordinated to senior Indebtedness and (y) allow the issuer to temporarily defer the payment of interest, provided that such debt Securities in this clause
(ii) are afforded a certain degree of equity classification by S&P as of the date of issuance thereof (and the Borrower shall have provided satisfactory evidence of such treatment to the Administrative Agent). 

“Increasing Lender” has the meaning assigned to such term in Section 2.9. 

“Indebtedness”, as applied to any Person (and without duplication), means (i) all indebtedness for borrowed money,
(ii) that portion of obligations with respect to Finance Leases that is properly classified as a liability on a balance sheet in conformity with GAAP, (iii) notes payable and drafts accepted representing extensions of credit whether or not
representing obligations for borrowed money, (iv) any obligation owed for all or any part of the deferred purchase price of property or services (excluding (1) any such obligations incurred under ERISA, (2) any current accounts
payable incurred in the ordinary course of business and (3) any earn–out or similar obligation (but only to the extent such obligation, or portion thereof, is contingent)), which purchase price is (x) due more than six months from the
date of incurrence of the obligation in respect thereof or (y) evidenced by a note or similar written instrument, (v) all indebtedness secured by any Lien on any property or asset owned or held by that Person regardless of whether the
indebtedness secured thereby shall have been assumed by that Person or is nonrecourse to the credit of that Person; provided that, for purposes of this clause (v), the amount of Indebtedness shall be equal to the lesser of (a) the
fair market value of such property or asset and (b) the amount of Indebtedness secured by such Lien, (vi) the face amount of any letter of credit issued for the account of that Person or as to which that Person is otherwise liable for
reimbursement of drawings, (vii) all Guarantees by such Person with respect to Indebtedness of another Person, (viii) the net termination obligation (after giving effect to 

  
 15 

 
any netting arrangements) of such Person in respect of any Swap Agreement determined as if such Swap Agreement were terminated as of the date of determination, and (ix) all obligations of
such Person in respect of any Hybrid Securities and Disqualified Capital Stock, provided that, in the case of this clause (ix), only the amount of those obligations that exceed 15% of Consolidated Capitalization at the time of
determination shall be included as Indebtedness. Notwithstanding the foregoing, and for the avoidance of doubt, “Indebtedness” shall not include (a) any liability for collateral held by the Borrower and/or its Subsidiaries relating to
securities lending transactions, (b) any commitment or other undertaking of such Person to provide funds for the purchase or acquisition of any investment, including, without limitation, commitments in the nature of capital calls or capital
contributions for private equity funds or similar investments and (c) obligations of the Borrower or any of its Subsidiaries arising under any Swap Agreements entered into in the ordinary course of business and not for speculative purposes (it
being acknowledged and agreed that, for the avoidance of doubt, Swap Agreements entered into by the Borrower or its Subsidiaries that comprise a portion of the investment portfolio of the Borrower or its Subsidiaries or for the purpose of mitigating
risk with respect to all or any portion of the investment portfolio of the Borrower or its Subsidiaries shall be deemed to be in the ordinary course of business and not for speculative purposes). 

“Indemnified Liabilities” has the meaning assigned to such term in Section 8.3. 

“Indemnitee” has the meaning assigned to such term in Section 8.3. 

“Ineligible Institution” means (a) a natural person, (b) a Defaulting Lender or its Lender Parent, (c) any
Group Member or any of its Affiliates, or (d) a company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person or relative(s) thereof. 

“Insurance Business” means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

 “Insurance Contract” means any insurance binder, contract or policy issued by an Insurance Subsidiary but shall not
include any Reinsurance Agreement or Retrocession Agreement. 
 “Insurance Licenses” means, with respect to each Insurance
Subsidiary, licenses (including licenses or certificates of authority from Applicable Insurance Regulatory Authorities), permits or authorizations to transact Insurance Business held, or required to be held, by such Insurance Subsidiary. 

“Insurance Subsidiary” means any Subsidiary that is licensed to conduct, or conducts or is engaged in, an Insurance Business.

 “Interest Payment Date” means with respect to: (i) any Base Rate Loan, the last day of each Fiscal Quarter and the
Maturity Date; (ii) with respect to any RFR Loan, each date that is on the numerically corresponding day in each calendar month that is one month after the Borrowing of such Loan (or, if there is no such numerically corresponding day in such
month, then the last day of such month) and the Maturity Date and (iii) any Term Benchmark Loan, (a) the last day of each Interest Period applicable to such Loan, (b) if any such Interest Period is longer than three months, each day
during such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period, and (c) the Maturity Date. 

“Interest Period” has the meaning assigned to such term in Section 2.2B. 

“Interest Rate Determination Date” has the meaning assigned to such term in the definition of “Term SOFR Rate”.

 “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended. 

  
 16 

 “ISDA Definitions” means the 2006 ISDA Definitions published by the
International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time by the International Swaps
and Derivatives Association, Inc. or such successor thereto. 
 “Joint Venture” means a joint venture, partnership or other
similar arrangement, whether in corporate, partnership or other legal form; provided that in no event shall any Subsidiary of any Person be considered to be a Joint Venture to which such Person is a party. 

“JPMCB” means JPMorgan Chase Bank, N.A. and its successors. 

“LC Disbursement” means (i) with respect to any Fronted Letter of Credit, a payment made by the Fronted LC Issuing Bank
thereof pursuant thereto and (ii) with respect to any Syndicated Letter of Credit, a payment made by a Lender pursuant thereto. 

“LC Exposure” means, at any time, the sum of (i) the aggregate undrawn amount of all outstanding Letters of Credit at
such time and (ii) the aggregate amount of all LC Disbursements under Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Lender at any time shall be its Pro Rata Share of the
aggregate LC Exposure at such time. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Article 29(a) of the
Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce Publication No. 600 (or such later version thereof as may be in effect at the applicable time) or Rule 3.13 or Rule 3.14 of the International
Standby Practices, International Chamber of Commerce Publication No. 590 (or such later version thereof as may be in effect at the applicable time) or similar terms of the Letter of Credit itself, or if compliant documents have been presented
but not yet honored, such Letter of Credit shall be deemed to be “outstanding” and “undrawn” in the amount so remaining available to be paid, and the obligations of the Borrower and each Lender shall remain in full force and
effect until the relevant LC Issuing Bank and the Lenders shall have no further obligations to make any payments or disbursements under any circumstances with respect to any Letter of Credit. 

“LC Issuing Bank” means (i) with respect to any Fronted Letter of Credit, the Fronted LC Issuing Bank of such Fronted
Letter of Credit and (ii) with respect to any Syndicated Letter of Credit, each Lender, in its capacity as one of the issuers under such Syndicated Letter of Credit. 

“Lender” and “Lenders” means the Persons listed on Schedule 1.2 and any other Person that shall
become a party hereto pursuant to an Assignment Agreement or under an agreement entered into pursuant to Section 2.9 or otherwise, other than any Person that ceases to be a party hereto pursuant to an Assignment Agreement
or otherwise. Unless the context otherwise requires, the term “Lenders” includes the LC Issuing Banks 
 “Lender
Parent” means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary. 

“Lender-Related Person” has the meaning assigned to such term in Section 8.3C. 

“Letter of Credit Documents” means, with respect to any Letter of Credit, collectively, any application therefor and any
other agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing for the rights and obligations of the parties concerned or at risk with respect to such
Letter of Credit. 

  
 17 

 “Letter of Credit Sublimit” means $50,000,000. 

“Letters of Credit” means each of the Syndicated Letters of Credit and the Fronted Letters of Credit. 

“Liabilities” means any losses, claims (including intraparty claims), demands, damages or liabilities of any kind. 

“Lien” means any lien, mortgage, pledge, assignment, security interest, charge or encumbrance of any kind (including any
conditional sale or other title retention agreement, any lease in the nature thereof, and any agreement to give any security interest) and any option, trust or other preferential arrangement having the practical effect of any of the foregoing. 

“Loan Documents” means this Agreement, the Letter of Credit Documents, each Guarantee Agreement and the Notes. 

“Loans” means loans made by the Lenders to the Borrower pursuant to Section 2.1. 

“Managed Vehicle” means any bankruptcy-remote collateralized debt obligation fund or other bankruptcy-remote sponsored
investment vehicle managed by the Borrower or a Subsidiary of the Borrower. 
 “Margin Stock” is defined in Regulation U of
the FRB as in effect from time to time. 
 “Material Adverse Effect” means a material adverse effect upon (i) the
business, operations, properties or financial condition of the Borrower and its Subsidiaries, taken as a whole, (ii) the ability of a Credit Party to perform any of its payment obligations or other material obligations under the Loan Documents
or (iii) the legality, validity, binding effect or enforceability against a Credit Party of any Loan Document to which it is a party. 

“Material Indebtedness” means Indebtedness (other than the Loans, Letters of Credit and
Non-Recourse Indebtedness), or obligations in respect of one or more Swap Agreements, of any one or more of the Borrower and its Subsidiaries in an aggregate principal amount exceeding $150,000,000. For
purposes of determining Material Indebtedness, the “principal amount” of the obligations of the Borrower or any Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting
agreements) that the Borrower or such Subsidiary would be required to pay if such Swap Agreement were terminated at such time. 

“Material Insurance Subsidiary” means, at any time, any Insurance Subsidiary having Statutory Surplus of $10,000,000 or more
at such time. 
 “Material Subsidiary” means, at any time, a Subsidiary that as of the end of the most recently completed
Fiscal Year accounted for (i) 5% or more of the total assets of the Borrower and its Subsidiaries or (ii) 5% or more of the total revenues of the Borrower and its Subsidiaries, in each case as determined by reference to the most recent audited
consolidated financial statements for the Borrower and its Subsidiaries as of the end of such Fiscal Year. 
 “Maturity
Date” means the earlier to occur of (i) December 9, 2026; provided that if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day and (ii) the date that all Obligations become due
and payable (by acceleration or otherwise). 

  
 18 

 “Moody’s” means Moody’s Investor Services, Inc. 

“Multiemployer Plan” means any Employee Benefit Plan which is a “multiemployer plan” as defined in
Section 3(37) of ERISA. 
 “NAIC” means the National Association of Insurance Commissioners and any successor thereto.

 “NAIC Qualified U.S. Financial Institution” means (i) any Person that is a financial institution listed on the most
current “The Qualified U.S. Financial Institutions List” approved by the NAIC (the “NAIC Qualified U.S. Financial Institutions List”) or (ii) any Lender as to which its Confirming Lender is a financial institution
listed on the NAIC Qualified U.S. Financial Institutions List. 
 “NAIC Qualified U.S. Financial Institutions List” is
defined in the definition of “NAIC Qualified U.S. Financial Institutions” in this Section 1.1. 

“Non-Excluded Tax” has the meaning assigned to such term in
Section 2.5B(i). 
 “Non-Recourse Indebtedness” means,
with respect to the Borrower and its Subsidiaries, Indebtedness of any Person (including of any Managed Vehicle) for which the owner of such Indebtedness has no recourse, directly or indirectly, to the Borrower or any of its Subsidiaries or to any
property (except as provided below) of the Borrower or any of its Subsidiaries for the principal of, premium, if any, and interest on such Indebtedness, and for which the Borrower and its Subsidiaries are not directly or indirectly liable for the
principal of, premium, if any, and interest on such Indebtedness. Notwithstanding the foregoing, Indebtedness of a Person shall be “Non-Recourse Indebtedness” if the owner of such Indebtedness has
recourse that is limited solely to (i) real property securing such Indebtedness pursuant to mortgages, deeds of trust or other security interests to which such Indebtedness relates and (ii) recourse obligations or liabilities solely for
fraud, environmental matters and other customary “non-recourse carve-outs” in respect of any such Indebtedness. 

“Non-US Lender” has the meaning assigned to such term in
Section 2.5B(iii)(a). 
 “Note” means any promissory note of the Borrower issued pursuant to
Section 2.1D or Section 8.1D, in each case substantially in the form of Exhibit III. 

“Notice of Borrowing” means a notice substantially in the form of Exhibit I delivered by the Borrower to the
Administrative Agent pursuant to Section 2.1B with respect to a proposed Borrowing of the Loans. 

“NYFRB” means the Federal Reserve Bank of New York. 

“NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and
(b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if none of such rates are published for any day that is a Business Day, the
term “NYFRB Rate” means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received by the Administrative Agent from a federal funds broker of recognized standing selected by it; provided, further, that
if any of the aforesaid rates as so determined be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“NYFRB’s Website” means the website of the NYFRB at http://www.newyorkfed.org, or any successor source. 

  
 19 

 “Obligations” means all obligations of every nature of the Credit Parties
from time to time owed to the Agents, the Lenders or any of them under any of the Loan Documents. 
 “OFAC” means the
Office of Foreign Assets Control of the U.S. Department of Treasury. 
 “Officer’s Certificate” means (a) as
applied to any corporation, a certificate executed on behalf of such corporation by its chairman of the board (if an officer) or its president or one of its vice presidents and by its chief financial officer, its treasurer, its assistant treasurer,
its secretary or its assistant secretary or (b) as applied to any limited partnership, a certificate executed on behalf of such limited partnership by the chairman of the board (if an officer) or the president or one of the vice presidents and
by the chief financial officer or treasurer of the general partner of such limited partnership, or, if the general partner of such limited partnership is an individual, executed by such individual. 

“Organizational Documents” means (i) with respect to any corporation, its certificate or articles of incorporation or
organization and its by-laws, (ii) with respect to any limited partnership, its certificate of limited partnership and its partnership agreement, (iii) with respect to any general partnership, its
partnership agreement and (iv) with respect to any limited liability company, its articles of organization and its operating agreement. In the event any term or condition of this Agreement or any other Loan Document requires any Organizational
Document to be certified by a secretary of state or similar governmental official, the reference to any such “Organizational Document” shall only be to a document of a type customarily certified by such governmental official. 

“Other Taxes” means any present or future stamp, court, documentary, intangible, recording, filing or similar excise or
property Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, or from the registration, receipt, perfection of a security under, or otherwise with respect to, this Agreement, except
any such Taxes imposed with respect to an assignment hereunder (other than an assignment made pursuant to Section 2.7). 

“Overnight Bank Funding Rate” means, for any day, the rate comprised of both overnight federal funds and overnight eurodollar
transactions denominated in Dollars by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on the NYFRB’s Website from time to time, and published on the next succeeding
Business Day by the NYFRB as an overnight bank funding rate. 
 “Participant Register” has the meaning assigned to such
term in Section 8.1G. 
 “Patriot Act” means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)). 
 “Payment” has the meaning assigned to
such term in Section 9.9. 
 “Payment Notice” has the meaning assigned to such term in
Section 9.9. 
 “PBGC” means the Pension Benefit Guaranty Corporation and any successor thereto.

 “Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which is subject to Section 412 of
the Internal Revenue Code or Section 302 of ERISA. 
 “Person” means and includes natural persons, corporations,
limited partnerships, general partnerships, limited liability companies, limited liability partnerships, joint stock companies, Joint Ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other
organizations, whether or not legal entities, and Governmental Authorities. 

  
 20 

 “Plan Asset Regulations” means 29 CFR §
2510.3-101 et seq., as modified by Section 3(42) of ERISA, as amended from time to time. 

“Potential Event of Default” means a condition or event that, after notice or lapse of time or both as specified in
Section 7, would constitute an Event of Default. 
 “primary obligor” has the meaning assigned to such term in the
definition of “Guarantee”. 
 “Prime Rate” means the rate of interest last quoted by The Wall Street Journal as
the “Prime Rate” in the U.S. or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the FRB in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank
prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as reasonably determined by the Administrative Agent) or any similar release by the FRB (as determined by the Administrative Agent). Each change in
the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective. 

“Priority Indebtedness” means (i) all outstanding Indebtedness of the Borrower or any of its Subsidiaries secured by
Liens permitted under Section 6.1(xxvii) and (ii) all outstanding unsecured Indebtedness of all Subsidiaries of the Borrower, other than (a) Indebtedness of any Subsidiary of the Borrower owing to the Borrower or
Indebtedness (including Guarantees) of any Subsidiary of the Borrower owing to another Subsidiary of the Borrower, (b) Indebtedness of any Subsidiary of the Borrower outstanding at the time such Subsidiary is acquired by the Borrower or any
other Subsidiary of the Borrower, including amendments, extensions and refinancings thereof (provided that such Indebtedness shall have not been created in contemplation of or in connection with such Person becoming a Subsidiary, the amount
thereof is not thereafter increased and the obligor of such Indebtedness is not thereafter changed), (c) Indebtedness of any Subsidiary of the Borrower that is a special purpose finance entity that does not own any assets (other than those assets
consistent with its limited purpose status) and that does not loan the proceeds of such Indebtedness to another Subsidiary, (d) Indebtedness of any Subsidiary of the Borrower constituting letters of credit issued for insurance regulatory
purposes (including, for the avoidance of doubt, for reserve credit and required solvency ratio purposes) and for which adequate insurance reserves or other appropriate provisions consistent with such Subsidiary’s past practice has been made
therefor, (e) Non-Recourse Indebtedness of any Subsidiary of the Borrower, (f) Indebtedness incurred pursuant to the Loan Documents and (g) unsecured Indebtedness of any Credit Party. 

“Pro Rata Share” means, with respect to any Lender, the percentage of the aggregate Commitments represented by such
Lender’s Commitment; provided that in the case of Section 2.12 when a Defaulting Lender shall exist, “Pro Rata Share” shall mean the percentage of the aggregate amount of the Commitments (disregarding
any Defaulting Lender’s Commitment) represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Pro Rata Shares shall be determined based upon the Commitments most recently in effect, giving effect to any
assignments and to any Lender’s status as a Defaulting Lender at the time of determination. 
 “PTE” means a
prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. 

“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in
accordance with, 12 U.S.C. 5390(c)(8)(D). 

  
 21 

 “QFC Credit Support” has the meaning assigned to it in
Section 8.26. 
 “Reference Time” with respect to any setting of the then-current Benchmark means
(i) if such Benchmark is the Term SOFR Rate, 5:00 a.m., Chicago time, on the day that is two (2) Business Days preceding the date of such setting, (ii) if the RFR for such Benchmark is Daily Simple SOFR, then four (4) Business
Days prior to such setting or (iii) if such Benchmark is none of the Term SOFR Rate or Daily Simple SOFR, the time determined by the Administrative Agent in its reasonable discretion. 

“Register” has the meaning assigned to such term in Section 2.1E. 

“Regulation D” means Regulation D of the FRB. 

“Reinsurance Agreement” means any agreement, contract, treaty or other arrangement whereby one or more insurers, as
reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies. 

“Related Indemnitee” has the meaning assigned to such term in Section 8.3. 

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors,
officers, employees, agents and advisors of such Person and such Person’s Affiliates. 
 “Release” means any release,
spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping, leaching or migration of any Hazardous Material into the indoor or outdoor environment (including the abandonment or disposal of any
barrels, containers or other closed receptacles containing any Hazardous Material), including the movement of any Hazardous Material through the air, soil, surface water or groundwater. 

“Relevant Adjusted Term SOFR Rate” has the meaning assigned to such term in the definition of “Base Rate”. 

“Relevant Governmental Body” means, the FRB and/or the NYFRB, the CME Term SOFR Administrator, as applicable, or a committee
officially endorsed or convened by the FRB and/or the NYFRB or, in each case, any successor thereto. 
 “Relevant Rate”
means (i) with respect to any Term Benchmark Borrowing, the Adjusted Term SOFR Rate or (ii) with respect to any RFR Borrowing, the Adjusted Daily Simple SOFR, as applicable. 

“Replacement Lender” has the meaning assigned to such term in Section 2.7. 

“Requisite Lenders” means the Lenders having Pro Rata Shares of more than 50%. 

“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution
Authority. 
 “Restricted Payment” means (i) any dividend or other distribution, direct or indirect, on account of any
shares of any class of Capital Stock of the Borrower or any of its Subsidiaries now or hereafter outstanding, except a dividend payable solely in shares of that class of Capital Stock to the holders of that class; (ii) any redemption,
retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any class of Capital Stock of the Borrower or any of its Subsidiaries now or hereafter outstanding; and (iii) any payment
made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of Capital Stock of the Borrower or any of its Subsidiaries now or hereafter outstanding. 

  
 22 

 “Retrocession Agreement” means any agreement, contract, treaty or other
arrangement whereby one or more insurers or reinsurers, as retrocessionaries, assume liabilities of reinsurers under a Reinsurance Agreement or other retrocessionaries under another Retrocession Agreement. 

“Revolving Credit Facility” means the senior unsecured revolving credit facility established pursuant to this Agreement. 

“RFR Borrowing” means, as to any Borrowing, the RFR Loans comprising such Borrowing. 

“RFR Loan” means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR. 

“S&P” means Standard & Poor’s Ratings Group, a division of The McGraw Hill Corporation, and any successor
to its rating agency business. 
 “Sanctioned Country” means, at any time, a country or territory which is itself the
subject or target of Sanctions (at the time of this Agreement, the Crimea region of Ukraine, Cuba, Iran, North Korea and Syria). 

“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons
maintained by OFAC, the U.S. Department of State, the United Nations Security Council, Her Majesty’s Treasury of the United Kingdom, the European Union or any EU member state, (b) any Person organized or resident in a Sanctioned Country or
(c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b). 

“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by
(a) the U.S. government, including those administered by OFAC or the U.S. Department of State or (b) the United Nations Security Council, the European Union or any EU member state or Her Majesty’s Treasury of the United Kingdom. 

“SAP” means, with respect to any Insurance Subsidiary, the accounting procedures and practices prescribed or permitted by the
Applicable Insurance Regulatory Authority, applied in accordance with Section 1.2. 
 “SEC” means
Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions. 

“Securities” means any stock, share, partnership interest, membership interest in a limited liability company, voting trust
certificate, certificate of interest or participation in any profit-sharing agreement or arrangement, option, warrant, bond, debenture, note, or other evidence of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in
general any instruments commonly known as “securities” or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire,
any of the foregoing. 
 “Securities Act” means the Securities Act of 1933, as amended. 

“SOFR” means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator. 

  
 23 

 “SOFR Administrator” means the NYFRB (or a successor administrator of the
secured overnight financing rate). 
 “SOFR Administrator’s Website” means the NYFRB’s website, currently at
http://www.newyorkfed.org, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time. 

“SOFR Rate Day” has the meaning specified in the definition of “Daily Simple SOFR”. 

“Solvent” means, with respect to any Person, that as of the date of determination both (A) (i) the fair value of the
assets of such Person (y) exceeds the total amount of debt and other liabilities, subordinated, contingent or otherwise of such Person and (z) is greater than the amount that will be required to pay the probable liabilities on such
Person’s debts and other liabilities, subordinated, contingent or otherwise as such debts and other liabilities become absolute and matured; (ii) such Person is not engaged in, and is not about to engage in, business for which it has
unreasonably small capital and (iii) such Person is able to pay its debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; and (B) such Person is
“solvent” within the meaning given that term and similar terms under applicable laws relating to fraudulent transfers and conveyances. For purposes of this definition, the amount of any contingent liability at any time shall be computed as
the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

“Statutory Reserves” has the meaning assigned to such term in Section 4.3C. 

“Statutory Statement” means, as to any Insurance Subsidiary, a statement of the condition and affairs of such Insurance
Subsidiary, prepared in accordance with SAP, and filed with the Applicable Insurance Regulatory Authority. 
 “Statutory
Surplus” means, for any Insurance Subsidiary and its Subsidiaries, the “Total Adjusted Capital” (as defined by the NAIC) of such Insurance Subsidiary or Insurance Subsidiaries (as the case may be). 

“Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company, association, joint
venture or other business entity of which more than 50% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons
(whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by that Person
or one or more of the other Subsidiaries of that Person or a combination thereof; provided that, notwithstanding the foregoing, (i) no real estate Joint Venture of the Borrower or its Subsidiaries shall be considered a Subsidiary unless
such Joint Venture is consolidated on the balance sheet of the Borrower and (ii) any Managed Vehicle shall be deemed not to be a Subsidiary of the Borrower. Unless otherwise expressly provided, all references herein to a “Subsidiary”
shall mean a Subsidiary of the Borrower. 
 “Supported QFC” has the meaning assigned to such term in
Section 8.26. 
 “Swap Agreement” means any agreement with respect to any swap, forward, future
or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic,
financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors,
officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement. 

  
 24 

 “Syndicated Letters of Credit” means letters of credit issued under
Section 2.10C. 
 “Syndication Agent” has the meaning assigned to such term in the introduction to this Agreement.

 “Tax” means any present or future tax, levy, impost, duty, assessment, charge, deduction or withholding imposed, levied,
collected, withheld or assessed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Benchmark” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are bearing interest at a rate determined by reference to the Adjusted Term SOFR Rate. 
 “Term Benchmark Loan”
means any Loan bearing interest at a rate calculated on the basis of the Adjusted Term SOFR Rate. 
 “Term SOFR Determination
Day” has the meaning assigned to it under the definition of Term SOFR Reference Rate. 
 “Term SOFR Rate” means,
with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two (2) U.S. Government Securities Business Days prior to the
commencement of such tenor comparable to the applicable Interest Period (such date, the “Interest Rate Determination Date”), as such rate is published by the CME Term SOFR Administrator. 

“Term SOFR Reference Rate” means, for any day and time (such day, the “Term SOFR Determination Day”), with
respect to any Term Benchmark Borrowing denominated in Dollars and for any tenor comparable to the applicable Interest Period, the rate per annum determined by the Administrative Agent as the forward-looking term rate based on SOFR. If by 5:00 p.m.,
New York City time, on such Term SOFR Determination Day, the “Term SOFR Reference Rate” for the applicable tenor has not been published by the CME Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Rate
has not occurred, then the Term SOFR Reference Rate for such Term SOFR Determination Day will be the Term SOFR Reference Rate as published in respect of the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference
Rate was published by the CME Term SOFR Administrator, so long as such first preceding Business Day is not more than five (5) Business Days prior to such Term SOFR Determination Day. 

“Terminated Lender” has the meaning assigned to such term in Section 2.7. 

“Transactions” means the effectiveness of the Revolving Credit Facility and the transactions contemplated by or related to
the foregoing. 
 “Type of Loan” means a Base Rate Loan or a Term Benchmark Loan. 

“UK Financial Institutions” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time
to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes
certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

  
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 “UK Resolution Authority” means the Bank of England or any other public
administrative authority having responsibility for the resolution of any UK Financial Institution. 
 “U.S. Government Securities
Business Day” means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for
the entire day for purposes of trading in United States government securities. 
 “U.S. Special Resolution Regime” has the
meaning assigned to such term in Section 8.26. 
 “U.S. Tax Certificate” means a certificate
substantially in the form of Exhibit IV delivered by a Lender to the Administrative Agent pursuant to Section 2.5B(iii)(b). 

“Warranty Business” means the business of underwriting, administering and/or providing extended service contracts and
warranties for coverage against certain covered losses on various products, including consumer appliances, consumer electronics, personal computers, cellular phones, automobile and recreational vehicles and such other products (whether consumer or
commercial) that may become subject to extended service contracts or warranties. 
 “Write-Down and Conversion Powers”
means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member
Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under
the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of
that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that
liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 

1.2 Accounting Terms; Utilization of GAAP for Purposes of Calculations Under Agreement. 

Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP or
SAP, as applicable, as in effect from time to time; provided that, if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the
date hereof in GAAP or SAP, as applicable, or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Requisite Lenders request an amendment to any provision hereof for such
purpose), regardless of whether any such notice is given before or after such change in GAAP or SAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP or SAP, as applicable, as in effect and applied
immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. Financial statements and other information required to be delivered by the Borrower to the
Administrative Agent pursuant to clauses (i) and (ii) of Section 5.1 shall be prepared in accordance with GAAP as in effect at the time of such preparation. Notwithstanding anything herein to the
contrary, all financial statements delivered hereunder shall be prepared, all terms of an accounting or financial nature used herein shall be construed, and all financial covenants and computations of amounts and ratios contained herein shall be
calculated, (a) without giving effect to any election under Accounting Standards Codification 825 (or any other Accounting 

  
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Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Borrower or any Subsidiary at “fair
value”, as defined therein and (b) without giving effect to any treatment of Indebtedness under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial
Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof. For the
avoidance of doubt, all financial covenants and computations of amounts and ratios contained herein shall be calculated without giving effect to, and shall exclude, any financial impact of any Managed Vehicle that is consolidated by the Borrower in
accordance with GAAP other than (i) the fair value of investments in the Managed Vehicles by the Borrower or any of its Subsidiaries, (ii) earnings resulting from the change in the fair value of such investments, (iii) investment
income earned by the Borrower or any of its Subsidiaries from its investment in the Managed Vehicles, and (iv) management fees earned by the Borrower or any of its Subsidiaries from the Managed Vehicles. 

1.3 Other Definitional Provisions and Rules of Construction. 

A. Any term defined herein may, unless the context otherwise requires, be used in the singular or the plural, depending on the
reference. 
 B. References to “Sections” and subsections shall be to Sections and subsections, respectively, of this
Agreement unless otherwise specifically provided. 
 C. The use in any of the Loan Documents of the word “include” or
“including”, when following any general statement, term or matter, shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters,
whether or not nonlimiting language (such as “without limitation” or “but not limited to” or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that fall
within the broadest possible scope of such general statement, term or matter. 
 D. Unless otherwise specified, all references herein
to times of day shall be references to New York City time (daylight or standard, as applicable). 
 E. Unless otherwise expressly
provided herein, (a) references to agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but only
to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited by any Loan Document; and (b) references to any statute, regulation or other law shall include all statutory and regulatory
provisions consolidating, amending, replacing, supplementing or interpreting such statute, regulation or other law. 
 1.4 Letter of Credit
Amounts. 
 Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of
such Letter of Credit available to be drawn at such time; provided that with respect to any Letter of Credit that, by its terms or the terms of any Letter of Credit Agreement related thereto, provides for one or more automatic increases in the
available amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum amount is available to be drawn at such time. 

  
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 1.5 Divisions. 

For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event
under a different jurisdiction’s laws): (i) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original
Person to the subsequent Person, and (ii) if any new Person comes into existence, such new Person shall be deemed to have been organized and acquired on the first date of its existence by the holders of its Capital Stock at such time. 

1.6 Interest Rates; Benchmark Notification. 

The interest rate on a Loan denominated in Dollars may be derived from an interest rate benchmark that may be discontinued or is, or may in
the future become, the subject of regulatory reform. Upon the occurrence of a Benchmark Transition Event, Section 2.6A(ii) provides a mechanism for determining an alternative rate of interest. The Administrative Agent does
not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission, performance or any other matter related to any interest rate used in this Agreement, or with respect to any alternative
or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value or
economic equivalence of, the existing interest rate being replaced or have the same volume or liquidity as did any existing interest rate prior to its discontinuance or unavailability. The Administrative Agent and its affiliates and/or other related
entities may engage in transactions that affect the calculation of any interest rate used in this Agreement or any alternative, successor or alternative rate (including any Benchmark Replacement) and/or any relevant adjustments thereto, in each
case, in a manner adverse to the Borrower. The Administrative Agent may select information sources or services in its reasonable discretion to ascertain any interest rate used in this Agreement, any component thereof, or rates referenced in the
definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or
consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service. 

1.7 Classification of Loans and Borrowings. 

For purposes of this Agreement, Loans may be classified and referred to by Type (e.g., a “Term Benchmark Loan” or an “RFR
Loan”). Borrowings also may be classified and referred to by Type (e.g., a “Term Benchmark Borrowing” or an “RFR Borrowing”). 

SECTION 2. AMOUNT AND TERMS OF COMMITMENTS AND LOANS 

2.1 Commitment; Making of Loan; Notes. 

A. Commitments. Subject to the terms and conditions of this Agreement, each Lender severally and not jointly agrees to make Loans
to the Borrower in Dollars from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Lender’s Credit Exposure exceeding such Lender’s Commitment or (ii) the Aggregate
Credit Exposure exceeding the aggregate amount of the Commitments. Amounts borrowed under this Section 2.1A may be repaid and, subject to the terms and conditions hereof, reborrowed from time to time. 

B. Borrowing Mechanics; Minimum Amount. Subject to Section 2.6A, each Borrowing shall be comprised
entirely of Base Rate Loans or Term Benchmark Loans, as the Borrower may request in accordance herewith. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder;
provided that the Commitments of the Lenders are 

  
 28 

 
several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. The Borrower shall notify the Administrative Agent of each proposed new Borrowing by
delivering a Notice of Borrowing no later than (a) 12:00 p.m. at least three Business Days in advance of a proposed Borrowing of Term Benchmark Loans or (b) 11:00 a.m. on the day of a proposed Borrowing of Base Rate Loans. Promptly upon receipt by
the Administrative Agent of such Notice of Borrowing, the Administrative Agent shall notify each Lender of the proposed Borrowing and such Lender’s Pro Rata Share of such Borrowing. Each Borrowing shall be in a principal amount of $5,000,000 or
a higher integral multiple of $1,000,000. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the
obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. Each Notice of Borrowing shall be irrevocable and in writing and shall specify the following information: 

(i) the aggregate amount of the requested Borrowing; 

(ii) the date of such Borrowing, which shall be a Business Day; 

(iii) whether such Borrowing is to be a Base Rate Borrowing or a Term Benchmark Borrowing; 

(iv) in the case of a Term Benchmark Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by
the definition of the term “Interest Period” set forth in Section 2.2B; and 
 (v) the location and
number of the Borrower’s account to which funds are to be disbursed. 
 If no election as to the Type of Borrowing is specified, then
the requested Borrowing shall be a Base Rate Borrowing. If no Interest Period is specified with respect to any requested Term Benchmark Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.
Promptly following receipt of a Notice of Borrowing in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

 C. Disbursement of Funds. Each Lender shall make its Loan available to the Administrative Agent not later than 9:00 a.m.
(or, in the case of any Borrowing of Base Rate Loans requested on the same day, 12:00 p.m.) on the date of each proposed Borrowing, in each case solely by wire transfer of same day funds in Dollars, at the Funding and Payment Office. Upon
satisfaction or waiver of the conditions precedent specified in Section 3, the Administrative Agent shall make the proceeds of the Loans available to the Borrower on the date of such proposed Borrowing by causing an amount
of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from the Lenders to be credited to the account of the Borrower at the Funding and Payment Office or to such other account as may be designated
in writing to the Administrative Agent by the Borrower. 
 D. Notes. Upon request by any Lender, the Borrower shall promptly
execute and deliver to the Administrative Agent for such Lender a Note to evidence such Lender’s Loans, in the principal amount of that Lender’s Commitment and with other appropriate insertions. The Administrative Agent may deem and treat
the payee of any Note as the owner thereof for all purposes hereof unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent as provided in
Section 8.1C. Any request, authority or consent of any Person that, at the time of making such request or giving such authority or consent, is the holder of any Note shall be conclusive and binding on any subsequent holder,
assignee or transferee of that Note or of any Note issued in exchange therefor. 

  
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 E. The Register. 

(i) The Administrative Agent shall, acting solely for this purpose as a non-fiduciary agent of the
Borrower, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount and stated interest of the Loans and the Commitment of each Lender from time to time (the
“Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice. 

(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the
principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not
affect any Lender’s Commitment or the Obligations in respect of any applicable Loan. 
 (iii) Each Lender shall record on its internal
records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided
that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any
inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein). 

(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders
and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the
assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable
Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as
a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. 
 2.2
Interest on the Loans. 
 A. Rate of Interest; Type of Loan. 

(i) Subject to the provisions of Sections 2.2E, 2.5 and 2.6, each Loan shall bear interest on the unpaid principal amount
thereof from the date made to the date of repayment thereof at a rate equal to (a) at any time such Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin; (b) at any time such Loan is a Term Benchmark Loan, the Adjusted
Term SOFR Rate plus the Applicable Margin; or (c) at any time such Loan is an RFR Loan, the Adjusted Daily Simple SOFR plus the Applicable Margin. 

(ii) The basis for determining the rate of interest on any Loan, and the Interest Period for any Term Benchmark Loan, shall be selected by the
Borrower and notified to the Administrative Agent pursuant to the applicable Notice of Borrowing or Conversion/Continuation Notice, as the case may be. If on any day a Loan is outstanding with respect to which a Notice of Borrowing or
Conversion/Continuation Notice has not been delivered to the Administrative Agent in accordance with the terms hereof specifying the applicable basis for determining the rate of interest, then for that day such Loan shall be a Base Rate Loan. 

  
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 (iii) If the Borrower fails to specify Base Rate Loans or Term Benchmark Loans in the
applicable Notice of Borrowing or Conversion/Continuation Notice, the applicable Borrowing (if comprised of Term Benchmark Loans) will be automatically converted into a Borrowing of Base Rate Loans on the last day of the then-current Interest Period
for such Borrowing (or if outstanding as a Borrowing of Base Rate Loans will remain as, or (if not then outstanding) will be made as, a Borrowing of Base Rate Loans). As soon as practicable after 11:00 a.m. on each Interest Rate Determination Date,
the Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the Term Benchmark Loans for which an interest rate is then being
determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to the Borrower and each Lender. 

B. Interest Periods. An interest period (each an “Interest Period”) for a Borrowing of Term Benchmark Loans
shall be a one, three or six month period (in each case, subject to the availability for the Benchmark applicable to the relevant Loan or Commitment), as selected by the Borrower in the applicable Notice of Borrowing or Conversion/Continuation
Notice; provided that: 
 (i) each successive Interest Period for a Borrowing shall commence on the day on which the immediately
preceding Interest Period expires; 
 (ii) if an Interest Period would otherwise expire on a day that is not a Business Day, such Interest
Period shall expire on the next succeeding Business Day; provided that, if any Interest Period would otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such
Interest Period shall expire on the immediately preceding Business Day; 
 (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; 

(iv) no Interest Period shall extend beyond the scheduled Maturity Date; 

(v) no tenor that has been removed from this definition pursuant to Section 2.6A(v) shall be available for
specification in such Notice of Borrowing or Conversion/Continuation Notice; 
 (vi) there shall be no more than five Interest Periods
outstanding at any time; and 
 (vii) in the event the Borrower fails to specify an Interest Period for any such Borrowing in the applicable
Notice of Borrowing or Conversion/Continuation Notice, the Borrower shall be deemed to have selected an Interest Period of one month. 

C. Interest Payments. The Borrower shall pay all accrued and unpaid interest on each Term Benchmark Loan on each Interest Payment
Date therefor, upon any prepayment thereof (on the amount being prepaid) and at maturity (by acceleration or otherwise). Accrued and unpaid interest on Base Rate Loans shall be payable on each Interest Payment Date therefor and at maturity (by
acceleration or otherwise). 

  
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 D. Default Rate. Notwithstanding the foregoing, if any principal amount of the
Loans, reimbursement obligations in respect of the Letters of Credit, interest payments or fees or other amounts payable hereunder are not paid when due, such overdue amount shall bear interest (including post-petition interest in any case or
proceeding under the Bankruptcy Code or other applicable bankruptcy laws) payable upon demand at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2.00% in excess of the rate otherwise payable with respect to such Loan
and (ii) in the case of any other amount, 2.00% in excess of the rate then applicable to Base Rate Loans. Without duplication of amounts charged under the immediately preceding sentence, upon and during the continuance of an Event of Default,
at the election of the Requisite Lenders, all outstanding Loans shall bear interest (including post-petition interest in any case or proceeding under the Bankruptcy Code or other applicable bankruptcy laws) payable upon demand at a rate per annum
equal to 2.00% in excess of the rate otherwise payable with respect to the applicable Loans (or, in the case of any other amounts then due and payable, at a rate per annum equal to 2.00% in excess of the rate then applicable to Base Rate Loans).
Payment or acceptance of the increased rates of interest provided for in this Section 2.2D is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or
limit any rights or remedies of the Agents or the Lenders. 
 E. Computation of Interest. Interest computed by reference to the
Term SOFR Rate or Daily Simple SOFR hereunder shall be computed on the basis of a year of 360 days. Interest computed by reference to the Base Rate at times when the Base Rate is based on the Prime Rate shall be computed on the basis of a year of
365 days (or 366 days in a leap year). In each case interest shall be payable for the actual number of days elapsed (including the first day but excluding the last day). All interest hereunder on any Loan shall be computed on a daily basis based
upon the outstanding principal amount of such Loan as of the applicable date of determination. The applicable Base Rate, Adjusted Term SOFR Rate, Term SOFR Rate, Adjusted Daily Simple SOFR or Daily Simple SOFR shall be determined by the
Administrative Agent, and such determination shall be conclusive absent manifest error. 
 F. Conversion/Continuation. 

(i) Subject to Section 2.6 and so long as no Potential Event of Default or Event of Default shall have occurred and
then be continuing, the Borrower shall have the option: 
 (a) to convert at any time all or any part of any Borrowing, in an
amount equal to $5,000,000 or a higher integral multiple of $1,000,000, from one Type of Loan to the other Type of Loan; provided that Term Benchmark Loans may only be converted on the expiration of the Interest Period applicable to such Term
Benchmark Loans unless the Borrower shall pay all amounts due under Section 2.6 in connection with such conversion; or 

(b) upon the expiration of any Interest Period applicable to any Borrowing of Term Benchmark Loans, to continue all or any
portion of such Borrowing in an amount equal to $5,000,000 or a higher integral multiple of $1,000,000 as Term Benchmark Loans for a new Interest Period. 

(ii) The Borrower shall deliver a Conversion/Continuation Notice to the Administrative Agent no later than 11:00 a.m. at least one Business Day
in advance of the proposed conversion date (in the case of a conversion to Base Rate Loans) and at least three Business Days in advance of the proposed conversion/continuation date (in the case of conversion to, or continuation of, Term Benchmark
Loans). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, Term Benchmark Loans shall be irrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound
to effect a conversion or continuation in accordance therewith. Each Conversion/Continuation Notice shall be irrevocable and in writing and shall specify the following information: 

  
 32 

 (a) the Borrowing to which such Conversion/Continuation Notice applies and,
if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (c) and
(d) below shall be specified for each resulting Borrowing); 
 (b) the effective date of the election made
pursuant to such Notice of Conversion/Continuation, which shall be a Business Day; 
 (c) whether the resulting Borrowing is
to be a Base Rate Borrowing or a Term Benchmark Borrowing 
 (d) if the resulting Borrowing is a Term Benchmark Borrowing,
the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period” set forth in Section 2.2B. 

(iii) Promptly following receipt of an Conversion/Continuation Notice, the Administrative Agent shall advise each Lender of the details thereof
and of such Lender’s portion of each resulting Borrowing. 
 (iv) If the Borrower fails to deliver a timely Conversion/Continuation
Notice with respect to a Term Benchmark Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be deemed to have an
Interest Period that is one month. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Requisite Lenders, so notifies the Borrower, then, so long as
an Event of Default is continuing (i) no outstanding Borrowing may be converted to or continued as a Term Benchmark Borrowing and (ii) unless repaid, (A) each Term Benchmark Borrowing and (B) each RFR Borrowing shall be converted
to a Base Rate Borrowing (in the case of a Term Benchmark Borrowing) at the end of the Interest Period applicable thereto or (in the case of an RFR Borrowing) on the next Interest Payment Date in respect thereof. 

2.3 Fees. 
 A. Commitment
Fee. The Borrower agrees to pay to the Administrative Agent, for the account of each Lender for each day during the period from and including the Effective Date to but not including the earlier of the date such Commitment is terminated and the
Maturity Date, a commitment fee on the unused amount of such Lender’s Commitment which shall accrue at the Commitment Fee Rate determined by reference to Schedule 1.1. Commitment fees accrued through and including the last day of each
Fiscal Quarter shall be payable on the fifteenth day following such last day, commencing on the first such date to occur after the Effective Date; provided that all such fees shall be payable on the date on which the Commitments terminate.
All commitment fees will be computed on the basis of a year of 360 days and will be payable for the actual number of days elapsed. 

  
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 B. Letter of Credit Fees. 

(i) The Borrower agrees to pay to the Administrative Agent for account of each Lender (other than Defaulting Lenders) a letter of credit fee
which shall accrue at Letter of Credit Fee Rate determined by reference to Schedule 1.1 on the average daily aggregate undrawn amount of all outstanding Letters of Credit during the period from and including the Effective Date to but
excluding the later of the date on which such Lender’s Commitment terminates and the date on which such Lender ceases to have any LC Exposure. Letter of Credit fees accrued through and including the last day of each Fiscal Quarter shall be
payable on the fifteenth day following such last day, commencing on the first such date to occur after the Effective Date; provided that all such fees shall be payable on the date on which the Commitments terminate and any such fees accruing
after the date on which the Commitments terminate shall be payable on demand. 
 (ii) The Borrower agrees to pay to the relevant Fronted LC
Issuing Bank a fronting fee which shall accrue at a rate per annum as agreed in writing between the Borrower and such Fronted LC Issuing Bank on the average daily amount of the LC Exposure in respect of the Fronted Letters of Credit issued by such
Fronted LC Issuing Bank (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date of termination of the Commitments and the date on
which there ceases to be any such LC Exposure in respect of Fronted Letters of Credit. Fronting fees accrued through and including the last day of each Fiscal Quarter shall be payable on the fifteenth day following such last day, commencing on the
first such date to occur after the Effective Date; provided that all such fees shall be payable on the date on which the Commitments terminate and any such fees accruing after the date on which the Commitments terminate shall be payable on
demand. 
 (iii) The Borrower agrees to pay to the Administrative Agent, for its own account with respect to Syndicated Letters of Credit and
for the account of the relevant Fronted LC Issuing Bank with respect to the Fronted Letters of Credit, within 10 Business Days after demand, the Administrative Agent’s or such Fronted LC Issuing Bank’s, as applicable, standard
administrative fees with respect to the issuance, amendment or extension of any Syndicated Letter of Credit or Fronted Letters of Credit, respectively, or processing of drawings thereunder. All letter of credit fees and fronting fees will be
computed on the basis of a year of 360 days and will be payable for the actual number of days elapsed. 
 C. Other Fees. The
Borrower agrees to pay to the Arrangers, Agents and the Lenders any applicable fees respectively required to be paid to them in such amounts and payable at such times as separately agreed between them in writing, including as set forth in each Fee
Letter. 
 2.4 Repayments and Prepayments; General Provisions Regarding Payments. 

A. Payments of Loans. The Loans and all other outstanding Obligations shall be paid in full no later than the Maturity Date. 

B. Commitment Reductions; Prepayments. 

(i) Commitment Reductions. The Borrower may at any time and from time to time upon not less than three Business Days’ prior
irrevocable written notice given to the Administrative Agent, terminate or permanently reduce the unused portion of the Commitments on any Business Day. Any such reduction shall be in the amount of $5,000,000 or a higher integral multiple of
$1,000,000. Any such notice of termination or reduction of the Commitments having been given as aforesaid shall be irrevocable and effective upon receipt by the Administrative Agent; provided that a notice of termination of the Commitments
delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities or other transactions specified therein, in which case such notice may be revoked by the Borrower (by notice to the Administrative
Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with
their respective Commitments. 

  
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 (ii) Prepayments. The Borrower may from time to time pay, without penalty or premium,
all outstanding Loans, or, in a minimum aggregate amount of $5,000,000 or a higher integral multiple of $1,000,000, any portion of the outstanding Loans upon (a) three Business Days’ prior notice to the Administrative Agent, in the case of
a prepayment of Term Benchmark Loans, (b) one Business Day’s prior notice to the Administrative Agent, in the case of a prepayment of Base Rate Loans or (c) five Business Days’ prior notice to the Administrative Agent, in the
case of a prepayment of RFR Loans. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in
connection with a conditional notice of termination of the Commitments as contemplated by Section 2.4B, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with
Section 2.4B. Any prepayment of a Term Benchmark Loan on a day other than the last day of an Interest Period therefor shall be subject to Section 2.6D. 

C. General Provisions Regarding Payments. 

(i) Manner and Time of Payment. All payments by the Borrower hereunder and under the Notes shall be made in Dollars in same day funds,
without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 2:00 p.m. on the date due at the Funding and Payment Office for the account of the Administrative Agent; funds
received by the Administrative Agent after that time on such due date shall be deemed to have been paid by the Borrower on the next succeeding Business Day. 

(ii) Payments on Business Days. Whenever any payment to be made hereunder shall be stated to be due on a day that is not a Business Day,
such payment shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of the payment of interest hereunder; provided that if such next succeeding Business Day occurs in the next
calendar month, such payment shall be due and payable on the immediately preceding Business Day. 
 (iii) Distribution to Lenders. The
Administrative Agent shall promptly distribute to each Lender, at such address as such Lender shall indicate in writing, such Lender’s applicable Pro Rata Share of all payments and prepayments of principal and interest due hereunder, together
with all other amounts due thereto, including all fees payable with respect thereto, to the extent received by the Administrative Agent. 

(iv) Interest on Costs and Expenses. If any Lender incurs any cost or expense that this Agreement entitles it to collect from the
Borrower, such cost or expense shall be payable together with interest thereon at a rate per annum equal to the rate applicable to Base Rate Loans as then in effect, from the date such cost or expense is incurred until such payment date. Such Lender
shall notify the Borrower, through the Administrative Agent, of the cost or expense to be paid plus the amount of interest thereon. This provision shall not apply to payments or prepayments of principal or to amounts to be applied against principal,
interest or any cost or expense to be collected pursuant to Section 2.6D. 
 (v) Failure to Make Certain
Payments. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.11C or Section 9.4, then the Administrative Agent may, in its discretion and
notwithstanding any contrary provision hereof, (i) apply any amounts thereafter received by the Administrative Agent for the account of such Lender and for the benefit of the Administrative Agent or any LC Issuing Bank to satisfy such
Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid, and/or (ii) hold any such amounts in a segregated account as cash collateral for, and application to, any future funding obligations of such
Lender under such Sections, in the case of each of (i) and (ii) above, in any order as determined by the Administrative Agent in its discretion. 

  
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 2.5 Increased Costs; Taxes. 

A. Compensation for Increased Costs and Taxes. Subject to the provisions of Section 2.5B (which shall
be controlling with respect to the matters covered thereby), and without duplication of any amount paid under Section 2.5B), in the event that any Lender or any Fronted LC Issuing Bank shall determine (which determination
shall, absent manifest error, be final and conclusive and binding upon all parties hereto) that any Change in Law: 
 (i) subjects such
Lender (or its applicable lending office) or such Fronted LC Issuing Bank to any additional Tax (other than any Non-Excluded Tax covered by Section 2.5B and, any Tax described in
Section 2.5(B)(i)(i) through (i)(iv)) with respect to this Agreement or any of the other Loan Documents or any of its obligations hereunder or thereunder or any payments to such Lender (or its applicable lending
office) or such Fronted LC Issuing Bank of principal, interest, fees or any other amount payable hereunder; 
 (ii) imposes, modifies or
holds applicable any reserve (including any marginal, emergency, supplemental, special or other reserve or assessment), special deposit, compulsory loan, FDIC insurance or other insurance charge, liquidity or similar requirement against assets held
by, or deposits or other liabilities in or for the account of, or advances or loans by, or other credit extended by, or any other acquisition of funds by, any office of such Lender or such Fronted LC Issuing Bank (other than any such reserve or
other requirement with respect to Term Benchmark Loans that is reflected in the definition of the Adjusted Term SOFR Rate); or 
 (iii)
imposes any other condition, cost or expense (other than with respect to a Tax matter) on or affecting this Agreement or such Lender (or its applicable lending office) or such Fronted LC Issuing Bank, as the case may be, or its obligations hereunder
or the applicable offshore interbank market; 
 and the result of any of the foregoing is to increase the cost to such Lender or such Fronted LC Issuing
Bank, as the case may be, of agreeing to make, making or maintaining Loans hereunder or to reduce any amount received or receivable by such Lender (or its applicable lending office) or such Fronted LC Issuing Bank, as the case may be, with respect
thereto; then, in any such case, the Borrower shall promptly pay to such Lender or such Fronted LC Issuing Bank, as the case may be, upon receipt of the statement referred to in the next sentence, subject to
Section 2.4C(iv), such additional amount or amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Lender or such Fronted LC Issuing Bank, as the case may be, in
its sole discretion shall determine) as may be necessary to compensate such Lender or such Fronted LC Issuing Bank, as the case may be, for any such increased cost or reduction in amounts received or receivable hereunder. Such Lender or such Fronted
LC Issuing Bank, as the case may be, shall deliver to the Borrower (with a copy to the Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to such Lender or such Fronted
LC Issuing Bank, as the case may be, under this Section 2.5A, which statement shall be conclusive and binding upon all parties hereto absent manifest error. 

B. Withholding of Taxes. 

(i) Payments to Be Free and Clear. All sums payable by the Borrower under this Agreement and the other Loan Documents shall (except to
the extent required by law) be paid free and clear of, and without any deduction or withholding on account of, any Tax imposed or increased as a result of a Change in Law after the date hereof (in the case of each Lender listed on the signature
pages hereof on the Effective Date) or after the effective date of the Assignment Agreement pursuant to which such Lender became a Lender (in the case of each other Lender) other than (i) a Tax imposed on or measured by the net income of any
Lender (including franchise taxes imposed in lieu thereof); (ii) a branch profits tax imposed, 

  
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levied, collected, withheld or assessed by or within the United States of America or any political subdivision in or of the United States of America or any other jurisdiction from or to which a
payment is made by or on behalf of the Borrower; (iii) U.S. federal withholding Taxes imposed on amounts payable to or for the account of a Lender or a Fronted LC Issuing Bank with respect to its applicable interest in a Loan or Commitment
pursuant to a law in effect on the date on which (a) such Lender or Fronted LC Issuing Bank acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under
Section 2.7), or (b) such Lender or Fronted LC Issuing Bank changes its lending office, except in each case to the extent that pursuant to Section 2.5(B) amounts with respect to such Taxes
were payable either to such Lender’s or Fronted LC Issuing Bank’s assignor immediately before such Lender or Fronted LC Issuing Bank became a party hereto or changed its lending office; or (iv) any Taxes imposed pursuant to FATCA (a
“Non-Excluded Tax”). 
 (ii) Grossing-up
of Payments. If the Borrower or any other Person is required by law to make any deduction or withholding on account of any Non-Excluded Tax from any sum paid or payable by the Borrower to the
Administrative Agent or any Lender under any of the Loan Documents: 
 (a) the Borrower shall promptly notify the
Administrative Agent of any such requirement or any change in any such requirement; 
 (b) the Borrower shall pay any such
Tax before the date on which penalties attach thereto, such payment to be made (if the liability to pay is imposed on the Borrower) for its own account or (if that liability is imposed on the Administrative Agent or such Lender, as the case may be)
on behalf of and in the name of the Administrative Agent or such Lender; 
 (c) the sum payable by the Borrower in respect of
which the relevant deduction, withholding or payment is required shall be increased to the extent necessary to ensure that, after the making of that deduction, withholding or payment, the Administrative Agent or such Lender, as the case may be,
receives on the due date a net sum equal to what it would have received had no such deduction, withholding or payment been required or made; 

(d) the Borrower shall indemnify each such Lender, within 30 days after demand by such Lender therefor, for the full amount of
any Non-Excluded Tax paid or incurred by such Lender with respect to any payment by or obligation of the Borrower under the Loan Documents (including any Non-Excluded
Tax imposed or asserted on or attributable to amounts payable under this Section 2.5) and any reasonable expenses arising therefrom or with respect thereto (such demand to be made on a certificate stating the amount of such
Non-Excluded Tax, which shall be conclusive and binding upon all parties hereto absent manifest error), whether or not such Non-Excluded Tax was correctly or legally
imposed or asserted by the relevant Governmental Authority; and 
 (e) within 30 days after paying any sum from which it is
required by law to make any deduction or withholding, and within 30 days after the due date of payment of any Tax which it is required by clause (b) above to pay, the Borrower shall deliver to the Administrative Agent evidence reasonably
satisfactory to the other affected parties of such deduction, withholding or payment and of the remittance thereof to the relevant taxing or other authority. 

(iii) Evidence of Exemption from U.S. Withholding Tax. 

  
 37 

 (a) Each Lender shall deliver to the Administrative Agent for transmission
to the Borrower, on or prior to the Effective Date (in the case of each Lender listed on the signature pages hereof on the Effective Date) or on or prior to the date of the Assignment Agreement pursuant to which it becomes a Lender (in the case of
each other Lender), and at such other times as may be necessary in the determination of the Borrower or the Administrative Agent (each in the reasonable exercise of its discretion), two original copies of Internal Revenue Service Form W-9, W-8BEN, W-8BEN-E, W-8IMY (including applicable
attachments) or W-8ECI (or any successor forms) or, in the case of a Lender that is not a United States Person (as such term is defined in Section 7701(a)(30) of the Internal Revenue Code) for U.S.
federal income tax purposes (a “Non-US Lender”) claiming exemption from U.S. federal withholding tax under Section 871(h) or 881(c) of the Internal Revenue Code with respect to payments
of “portfolio interest”, a U.S. Tax Certificate and two original copies of Form W-8BEN or W-8BEN-E, or any subsequent
versions thereof or successors thereto, properly completed and duly executed by such Lender, and/or such other documentation required under the Internal Revenue Code and reasonably requested by the Borrower to establish that such Lender is exempt
from or entitled to a reduced rate of withholding of United States federal income tax with respect to any payments to such Lender of principal, interest, fees or other amounts payable under any of the Loan Documents. 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
Internal Revenue 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 Internal Revenue 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 paragraph (a), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

(b) Each Lender required to deliver any forms, certificates or other evidence with respect to United States federal income tax
withholding matters pursuant to Section 2.5B(iii)(a) hereby agrees, from time to time after the initial delivery by such Lender of such forms, certificates or other evidence, whenever a lapse in time or change in
circumstances renders such forms, certificates or other evidence obsolete or inaccurate in any material respect, that such Lender shall promptly (1) deliver to the Administrative Agent for transmission to the Borrower two new original copies of
Internal Revenue Service Form W-9, W-8BEN, W-8BEN-E,
W-8IMY (including applicable attachments) or W-8ECI, or the applicable U.S. Tax Certificate and two original copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as the case may be, properly completed and duly executed by such Lender, and/or such other documentation required
under the Internal Revenue Code and reasonably requested by the Borrower to confirm or establish that such Lender is exempt from or entitled to a reduced rate of withholding of United States federal income tax with respect to payments to such Lender
under the Loan Documents or (2) notify the Administrative Agent and the Borrower of its legal inability to deliver any such forms, certificates or other evidence. 

(c) The Borrower shall not be required to pay any additional amount to any Lender under Section 2.5B
if such Lender shall have failed to satisfy the requirements of clause (a) or (b)(1) of this Section 2.5B(iii); provided that if such Lender shall have satisfied the requirements of
Section 2.5B(iii)(a) on the Effective Date or on the date of the Assignment Agreement pursuant to which it became a Lender, as applicable, nothing in this Section 2.5B(iii)(c) shall relieve the
Borrower of its obligation to pay any additional amounts pursuant to Section 2.5B(ii)(c) in the event that, as a result of any Change in Law, such Lender is no longer legally permitted to deliver forms, certificates or
other evidence at a subsequent date establishing the fact that such Lender is exempt from or entitled to a reduced rate of withholding. 

  
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 (iv) Refunds. In the event that an additional payment is made under this
Section 2.5B for the account of any Lender and such Lender, in its sole discretion, determines that it has finally and irrevocably received or been granted a credit against or release or remission for, or repayment of, any
Tax paid or payable by it in respect of or calculated with reference to the deduction or withholding giving rise to such payment, such Lender shall, to the extent that it determines that it can do so without prejudice to the retention of the amount
of such credit, relief, remission or repayment, pay to the Borrower such amount as such Lender shall, in its sole discretion exercised in good faith, have determined to be attributable to such deduction or withholding and which will leave such
Lender (after such payment) in no worse position than it would have been in if the Borrower had not been required to make such deduction or withholding; provided that the Borrower, upon the request of a Lender, shall repay to such Lender the
amount paid over pursuant to this paragraph (iv) (plus any interest, penalties, or other charges imposed by the relevant Governmental Authority) in the event that the Lender is required to repay such refund to such Governmental Authority. Nothing
herein contained shall interfere with the right of a Lender to arrange its tax affairs in whatever manner it thinks fit nor oblige any Lender to claim any tax credit or to disclose any information relating to its tax affairs or any computations in
respect thereof or require any Lender to do anything that would prejudice its ability to benefit from any other credits, reliefs, remissions or repayments to which it may be entitled. 

(v) Other Taxes. The Borrower shall 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. 
 C. Capital Adequacy or Liquidity
Adjustment. In the event that any Lender or any Fronted LC Issuing Bank shall have determined that any Change in Law affecting such Lender or such Fronted LC Issuing Bank, any of its applicable lending offices or any corporation controlling such
Lender or such Fronted LC Issuing Bank, as the case may be, regarding capital adequacy or liquidity has or would have the effect of reducing the rate of return on the capital of such Lender or such Fronted LC Issuing Bank or any corporation
controlling such Lender or such Fronted LC Issuing Bank as a consequence of, or with reference to, such Lender’s Loans or Commitments, or participations therein or other obligations hereunder with respect to the Loans, or the Fronted Letters of
Credit issued by such Fronted LC Issuing Bank, to a level below that which such Lender or such Fronted LC Issuing Bank or such controlling corporation could have achieved but for such Change in Law (taking into consideration the policies of such
Lender or such Fronted LC Issuing Bank or such controlling corporation with regard to capital adequacy and liquidity), then from time to time, subject to Section 2.4C(iv), the Borrower shall pay to such Lender or such
Fronted LC Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Fronted LC Issuing Bank or such controlling corporation on an after-tax basis for such
reduction. Such Lender or such Fronted LC Issuing Bank, as the case may be, shall deliver to the Borrower (with a copy to the Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional
amounts, which statement shall be conclusive and binding upon all parties hereto absent manifest error. 
  

	2.6	 Alternate Rate of Interest; Illegality; Break Funding Payments. 

A. Alternate Rate of Interest. 

(i) Subject to clauses (ii), (iii), (iv), (v) and (vi) of this Section 2.6A, if: 

  
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 (a) the Administrative Agent determines (which determination shall be
conclusive absent manifest error) (A) prior to the commencement of any Interest Period for a Term Benchmark Borrowing, that adequate and reasonable means do not exist for ascertaining the Adjusted Term SOFR Rate or the Term SOFR Rate (including
because the Term SOFR Reference Rate is not available or published on a current basis), for such Interest Period or (B) at any time, that adequate and reasonable means do not exist for ascertaining the applicable Adjusted Daily Simple SOFR or
Daily Simple SOFR; or 
 (b) the Administrative Agent is advised by the Requisite Lenders that (A) prior to the
commencement of any Interest Period for a Term Benchmark Borrowing, the Adjusted Term SOFR Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan)
included in such Borrowing for such Interest Period or (B) at any time, Adjusted Daily Simple SOFR will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing; 

then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone, telecopy or electronic mail as promptly as practicable
thereafter and, until (x) the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist with respect to the relevant Benchmark and (y) the Borrower delivers a new
Conversion/Continuation Notice in accordance with the terms of Section 2.2F or a new Notice of Borrowing in accordance with the terms of Section 2.1B, any Conversion/Continuation Notice that
requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Term Benchmark Borrowing and any Notice of Borrowing that requests a Term Benchmark Borrowing shall instead be deemed to be a Conversion/Continuation Notice or a
Notice of Borrowing, as applicable, for (x) an RFR Borrowing so long as the Adjusted Daily Simple SOFR is not also the subject of Section 2.6A(i) or (ii) above or (y) a Base
Rate Borrowing if the Adjusted Daily Simple SOFR also is the subject of Section 2.6A(i) or (ii) above; provided that if the circumstances giving rise to such notice affect only one
Type of Borrowings, then all other Types of Borrowings shall be permitted. Furthermore, if any Term Benchmark Loan or RFR Loan is outstanding on the date of the Borrower’s receipt of the notice from the Administrative Agent referred to in this
Section 2.6A(i) with respect to a Relevant Rate applicable to such Term Benchmark Loan or RFR Loan, then until (x) the Administrative Agent notifies the Borrower and the Lenders that the circumstances
giving rise to such notice no longer exist with respect to the relevant Benchmark and (y) the Borrower delivers a new Conversion/Continuation Notice in accordance with the terms of Section 2.2F or a new Notice of
Borrowing in accordance with the terms of Section 2.1B, (1) any Term Benchmark Loan shall on the last day of the Interest Period applicable to such Loan (or the next succeeding Business Day if such day is not a
Business Day), be converted by the Administrative Agent to, and shall constitute, (x) an RFR Borrowing so long as the Adjusted Daily Simple SOFR is not also the subject of Section 2.6A(i) or
(ii) above or (y) a Base Rate Loan if the Adjusted Daily Simple SOFR also is the subject of Section 2.6A(i) or (ii) above, on such day, and (2) any RFR Loan shall on and from
such day be converted by the Administrative Agent to, and shall constitute a Base Rate Loan. 
 (ii) Notwithstanding anything to the contrary
herein or in any other Loan Document, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark
Replacement is determined in accordance with clause (1) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any
Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is
determined in accordance with clause (2) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such 

  
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Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m., New York City time, on the
fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement
or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Requisite Lenders. 

(iii) Notwithstanding anything to the contrary herein or in any other Loan Document, the Administrative Agent will have the right to make
Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without
any further action or consent of any other party to this Agreement or any other Loan Document. 
 (iv) The Administrative Agent will promptly
notify the Borrower and the Lenders of (a) any occurrence of a Benchmark Transition Event, (b) the implementation of any Benchmark Replacement, (c) the effectiveness of any Benchmark Replacement Conforming Changes, (d) the
removal or reinstatement of any tenor of a Benchmark pursuant to clause (vi) below and (e) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the
Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 2.6A, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole
discretion and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this Section 2.6A. 

(v) Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation
of a Benchmark Replacement), (a) if the then-current Benchmark is a term rate (including the Term SOFR Rate) and either (1) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from
time to time as selected by the Administrative Agent in its reasonable discretion or (2) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor
for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of “Interest Period” set forth in Section 2.2B for any Benchmark settings at or after such time to
remove such unavailable or non-representative tenor and (b) if a tenor that was removed pursuant to clause (a) above either (1) is subsequently displayed on a screen or information
service for a Benchmark (including a Benchmark Replacement) or (2) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative
Agent may modify the definition of “Interest Period” set forth in Section 2.2B for all Benchmark settings at or after such time to reinstate such previously removed tenor. 

(vi) Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request
for a Term Benchmark Borrowing or a conversion to or continuation of Term Benchmark Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any request for
a Term Benchmark Borrowing into a request for a Borrowing of or conversion to (A) an RFR Borrowing so long as the Adjusted Daily Simple SOFR is not the subject of a Benchmark Transition Event or (B) a Base Rate Borrowing if the Adjusted
Daily Simple SOFR is the subject of a Benchmark Transition Event. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of the Base Rate based upon the
then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the 

  
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Base Rate. Furthermore, if any Term Benchmark Loan or RFR Loan is outstanding on the date of the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period with
respect to a Relevant Rate applicable to such Term Benchmark Loan or RFR Loan, then until such time as a Benchmark Replacement is implemented pursuant to this Section 2.6A, (1) any Term Benchmark Loan shall on the last
day of the Interest Period applicable to such Loan (or the next succeeding Business Day if such day is not a Business Day), be converted by the Administrative Agent to, and shall constitute, (x) an RFR Borrowing so long as the Adjusted Daily
Simple SOFR is not the subject of a Benchmark Transition Event or (y) a Base Rate Loan if the Adjusted Daily Simple SOFR is the subject of a Benchmark Transition Event, on such day and (2) any RFR Loan shall on and from such day be
converted by the Administrative Agent to, and shall constitute a Base Rate Loan. 
 B. Illegality or Impracticability of Term
Benchmark Loans. In the event that on any date any Lender shall have determined (which determination shall be final and conclusive and binding upon all parties hereto but shall be made only after consultation with the Borrower and the
Administrative Agent) that the making, maintaining or continuation of its Term Benchmark Loans (i) has become unlawful as a result of compliance by such Lender in good faith with any law, treaty, governmental rule, regulation, guideline or
order (or would conflict with any such treaty, governmental rule, regulation, guideline or order not having the force of law even though the failure to comply therewith would not be unlawful) or (ii) has become impracticable, or would cause
such Lender material hardship, as a result of contingencies occurring after the date of this Agreement which materially and adversely affect the applicable interbank market for Term Benchmark Loans or the position of such Lender in that market,
then, and in any such event, such Lender shall be an “Affected Lender” and it shall on that day give notice (by telecopy or by telephone confirmed in writing) to the Borrower and the Administrative Agent of such determination (which
notice the Administrative Agent shall promptly transmit to each other Lender). Thereafter (a) the obligation of the Affected Lender to make Loans as, or to convert Loans to, Term Benchmark Loans shall be suspended until such notice shall be
withdrawn by the Affected Lender, (b) to the extent such determination by the Affected Lender relates to a Borrowing of Term Benchmark Loans then being requested by the Borrower pursuant to a Notice of Borrowing or a Conversion/Continuation
Notice, the Affected Lender shall make its applicable Loan as (or continue its applicable Loan as or convert its applicable Loan to, as the case may be) a Base Rate Loan, (c) the Affected Lender’s obligation to maintain its outstanding
Term Benchmark Loans (the “Affected Loans”) shall be terminated at the earlier to occur of the expiration of the Interest Period then in effect with respect to the Affected Loans or when required by law, and (d) the Affected
Loans shall automatically convert into Base Rate Loans on the date of such termination. Notwithstanding the foregoing, to the extent a determination by an Affected Lender as described above relates to a Borrowing of Term Benchmark Loans then being
requested by the Borrower pursuant to a Notice of Borrowing or a Conversion/Continuation Notice, the Borrower shall have the option, subject to the provisions of Section 2.6D, to rescind such Notice of Borrowing or
Conversion/Continuation Notice as to all Lenders by giving notice (by telecopy or by telephone confirmed in writing) to the Administrative Agent of such rescission on the date on which the Affected Lender gives notice of its determination as
described above (which notice of rescission the Administrative Agent shall promptly transmit to each other Lender). Except as provided in the immediately preceding sentence, nothing in this Section 2.6B shall affect the
obligation of any Lender other than an Affected Lender to make or maintain Loans as, or to convert Loans to, Term Benchmark Loans in accordance with the terms hereof. 

C. [Intentionally Omitted] 

D. Compensation For Breakage. 

(i) With respect to Term Benchmark Loans, in the event of (a) the payment of any principal of any Term Benchmark Loan other than on the
last day of an Interest Period applicable thereto (including as a result of an Event of Default or an optional or mandatory prepayment of Loans), (b) the 

  
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conversion of any Term Benchmark Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Term Benchmark Loan on
the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.4B(ii) and is revoked in accordance therewith) or (d) the assignment of any Term Benchmark
Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 2.7, then, in any such event, the Borrower shall compensate each Lender for the loss,
cost and expense attributable to such event. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section and the basis for requesting such amounts shall be delivered to the
Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

(ii) With respect to RFR Loans, in the event of (i) the payment of any principal of any RFR Loan other than on the Interest Payment Date
applicable thereto (including as a result of an Event of Default or an optional or mandatory prepayment of Loans), (ii) the failure to borrow or prepay any RFR Loan on the date specified in any notice delivered pursuant hereto (regardless of
whether such notice may be revoked under Section 2.4B(ii) and is revoked in accordance therewith) or (iii) the assignment of any RFR Loan other than on the Interest Payment Date applicable thereto as a result of a
request by the Borrower pursuant to Section 2.7, then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. A certificate of any Lender setting forth any
amount or amounts that such Lender is entitled to receive pursuant to this Section and the basis for requesting such amounts shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender
the amount shown as due on any such certificate within 10 days after receipt thereof. 
 2.7 Replacement of a Lender. 

Anything contained herein to the contrary notwithstanding, in the event that: (i) any Lender shall give notice to the Borrower that such
Lender is an Affected Lender or that such Lender is entitled to receive payments under Section 2.5, 2.6A or 2.6B (including, without limitation, any such payments resulting from any change by such Lender in
the office through which it makes Term Benchmark Loans), the circumstances which have caused such Lender to be an Affected Lender or which entitle such Lender to receive such payments shall remain in effect, and such Lender shall fail to withdraw
such notice within five Business Days after the Borrower’s request for such withdrawal or (ii) at any time any Lender is a Defaulting Lender or (iii) at any time any Lender ceases to be a NAIC Qualified U.S. Financial Institution or
(iv) any Lender does not consent to any proposed amendment, supplement, modification, consent or waiver of any provision of this Agreement or any other Loan Document that requires the consent of each of the Lenders or each of the Lenders
affected thereby (so long as the consent of the Required Lenders has been obtained), then, with respect to each such Lender (a “Terminated Lender”), the Borrower may, at its sole expense and effort, by giving written notice to the
Administrative Agent and such Terminated Lender of its election to do so, elect to cause such Terminated Lender (and such Terminated Lender hereby irrevocably agrees) to assign all of its Commitment (if any), any outstanding Credit Exposure and
other interests, rights and obligations hereunder to one or more Persons which are Eligible Assignees at such time (each a “Replacement Lender”) in accordance with the provisions of Section 8.1 (including
the consents of the Administrative Agent and each Fronted LC Issuing Bank required thereunder) for a purchase price equal to the sum of (x) the aggregate outstanding principal amount of the Loans held by such Terminated Lender and (y) the
LC Disbursements funded by such Terminated Lender that have not then been reimbursed by the Borrower, together with accrued interest thereon and accrued and theretofore unpaid fees owing to such Terminated Lender under
Section 2.3 to but not including the date of assignment, to be paid by the relevant Replacement Lender on the date of such assignment; provided that (a) on the effective date of such assignment, the Borrower
shall pay any amounts payable to such Terminated Lender to the date of such assignment pursuant to Section 2.5 or 2.6 or otherwise as if it were a prepayment and (b) in the case of any such assignment resulting
from a claim for payments under Section 2.5, 2.6A or 2.6B, such 

  
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assignment will result in the reduction in such payments. Upon the completion of such assignment and the payment of all amounts owing to any Terminated Lender, such Terminated Lender shall no
longer constitute a “Lender” for purposes hereof; provided that any right of such Terminated Lender to indemnification hereunder shall survive as to such Terminated Lender. Each party hereto agrees that (i) an assignment
required pursuant to this paragraph may be effected pursuant to an Assignment and Assumption executed by the Borrower, the Administrative Agent and the assignee (or, to the extent applicable, an agreement incorporating an Assignment and Assumption
by reference pursuant to an Approved Electronic Platform as to which the Administrative Agent and such parties are participants), and (ii) the Lender required to make such assignment need not be a party thereto in order for such assignment to
be effective and shall be deemed to have consented to an be bound by the terms thereof; provided that, following the effectiveness of any such assignment, the other parties to such assignment agree to execute and deliver such documents
necessary to evidence such assignment as reasonably requested by the applicable Lender; provided that any such documents shall be without recourse to or warranty by the parties thereto. 

2.8 Mitigation. 
 Each Lender
agrees that, as promptly as practicable after the officer of such Lender responsible for administering the Loans of such Lender becomes aware of the occurrence of an event or the existence of a condition that would cause such Lender to become an
Affected Lender or that would entitle such Lender to receive payments under Section 2.5 or Section 2.6, it will, to the extent not inconsistent with the internal policies of such Lender and any
applicable legal or regulatory restrictions, use reasonable efforts (i) to make, issue, fund or maintain the Commitment of such Lender or the Affected Loans of such Lender through another lending office of such Lender, or (ii) take such
other measures as such Lender may deem reasonable, if as a result thereof the circumstances which would cause such Lender to be an Affected Lender would cease to exist or the additional amounts which would otherwise be required to be paid to such
Lender pursuant to Section 2.5 or Section 2.6 would be materially reduced and if, as determined by such Lender in its sole discretion, the making, issuing, funding or maintaining of such Commitment
or Loans through such other lending office or in accordance with such other measures, as the case may be, would not otherwise adversely affect such Commitment or Loans or the interests of such Lender; provided that such Lender will not be
obligated to utilize such other lending office pursuant to this Section 2.8 unless the Borrower agrees to pay all incremental expenses incurred by such Lender as a result of utilizing such other lending office as described
in clause (i) above. A certificate as to the amount of any such expenses payable by the Borrower pursuant to this Section 2.8 (setting forth in reasonable detail the basis for requesting such amount) submitted
by such Lender to the Borrower (with a copy to the Administrative Agent) shall be conclusive absent manifest error. 
 2.9 Increase of the
Commitments. 
 The Borrower may, at any time by notice to the Administrative Agent, effect an increase in the total Commitments
hereunder (each such proposed increase being a “Commitment Increase”) either by having a Lender increase its Commitment then in effect (each an “Increasing Lender”) or by adding as a Lender with a new Commitment
hereunder a Person which is an Eligible Assignee at such time (each an “Assuming Lender”), in the case of an Assuming Lender with the approval of the Administrative Agent (not to be unreasonably withheld), which notice shall specify
the name of each Increasing Lender and/or Assuming Lender, as applicable, the amount of the Commitment Increase and the portion thereof being assumed by each such Increasing Lender or Assuming Lender, and the date on which such Commitment Increase
is to be effective (the “Commitment Increase Date”) (which shall be a Business Day at least three Business Days after delivery of such notice and 30 days prior to the Maturity Date); provided that: 

  
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 (i) the minimum amount of the increase of the Commitment of any Increasing Lender, and the
minimum amount of the Commitment of any Assuming Lender, as part of any Commitment Increase shall be in an amount that is an integral multiple of $5,000,000 and not less than $1,000,000; 

(ii) immediately after giving effect to any Commitment Increase, the total Commitments hereunder shall not exceed $700,000,000; 

(iii) no Event of Default shall have occurred and be continuing on the relevant Commitment Increase Date or shall result from any Commitment
Increase; 
 (iv) the representations and warranties of the Borrower contained herein and in the other Loan Documents shall be true and
correct in all material respects on and as of the relevant Commitment Increase Date to the same extent as though made on and as of such date, except to the extent such representations and warranties specifically relate to an earlier date, in which
case such representations and warranties shall have been true, correct and complete in all material respects on and as of such earlier date; and 

(v) in the case of any Assuming Lender that is not a Lender immediately prior to such Commitment Increase Date and is not listed on the NAIC
Qualified U.S. Financial Institutions List, such Assuming Lender and its Confirming Lender shall have entered into an agreement of the type contemplated in the definition of “Confirming Lender” in Section 1.1.

 Each Commitment Increase (and the increase of the Commitment of each Increasing Lender and/or the new Commitment of each Assuming Lender,
as applicable, resulting therefrom) shall become effective as of the relevant Commitment Increase Date upon receipt by the Administrative Agent, at or prior to 9:00 a.m. (New York City time) on such Commitment Increase Date, of (A) a
certificate of a duly authorized officer of the Borrower stating that the conditions with respect to such Commitment Increase under this Section 2.9 have been satisfied and (B) an agreement, in form and substance
satisfactory to the Borrower and the Administrative Agent, pursuant to which, effective as of such Commitment Increase Date, the Commitment of each such Increasing Lender shall be increased or each such Assuming Lender, as applicable, shall
undertake a Commitment, duly executed by such Increasing Lender or Assuming Lender, as the case may be, and the Borrower and acknowledged by the Administrative Agent, together with such evidence and other related documents as the Administrative
Agent may reasonably request with respect to the Borrower’s authorization of such Commitment Increase and its obligation hereunder. Upon the Administrative Agent’s receipt of a fully executed agreement from each Increasing Lender and/or
Assuming Lender referred to in clause (B) above, together with the certificate referred to in clause (A) above, the Administrative Agent shall record the information contained in each such agreement in the Register and give prompt notice
of the relevant Commitment Increase to the Borrower and the Lenders (including, if applicable, each Assuming Lender). On each Commitment Increase Date, the Borrower shall (i) prepay in full the Loans (if any) held by the Lenders that were
outstanding immediately prior to giving effect to the relevant Commitment Increase, (ii) if the Borrower shall have so requested in accordance with this Agreement, borrow new Loans from all Lenders (including, if applicable, any Assuming
Lender) such that, after giving effect thereto, the Loans are held ratably by the Lenders in accordance with their respective Commitments (after giving effect to such Commitment Increase) and (iii) pay to the Lenders the amounts, if any,
payable under Section 2.6D. 
 Notwithstanding anything herein to the contrary, no Lender shall be obligated to
increase its Commitment hereunder. 

  
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 2.10 Letters of Credit. 

A. General. Subject to the terms and conditions set forth herein, at the request of the Borrower, the Lenders (in the case of
Syndicated Letters of Credit) and the Fronted LC Issuing Banks (in the case of Fronted Letters of Credit) agree at any time and from time to time during the Availability Period to issue standby Letters of Credit for the account of the Borrower or
any of its Subsidiaries. As of the Effective Date, all Existing Fronted Letters of Credit shall be deemed to have been issued on such date as Fronted Letters of Credit pursuant to this Agreement and shall be subject to and governed by the terms and
conditions hereof. Letters of Credit issued hereunder (including Existing Fronted Letters of Credit) shall constitute utilization of the Commitments. 

Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a
Subsidiary, the Borrower unconditionally and irrevocably agrees that the Borrower shall be fully liable hereunder for all obligations with respect to such Letter of Credit, including to reimburse the Lenders (with respect to each such Syndicated
Letter of Credit) or the relevant Fronted LC Issuing Bank (with respect to each such Fronted Letter of Credit), as applicable, hereunder for any and all LC Disbursements and other drawings under such Letter of Credit and to pay all interest, fees
and other amounts owing hereunder in respect of such Letter of Credit in accordance with the terms hereof, in each case as if it were the sole account party in respect of such Letter of Credit (the Borrower hereby irrevocably waiving any defenses
that might otherwise be available to it as a guarantor or surety of the obligations of such a Subsidiary that is an account party in respect of any such Letter of Credit). The Borrower hereby acknowledges that the issuance of Letters of Credit for
the account of any of its Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of its Subsidiaries. 

B. Notice of Issuance, Amendment or Extension. To request the issuance of a Letter of Credit (or the amendment or extension of an
outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by Electronic Systems, if arrangements for doing so have been approved by the Administrative Agent) to the Administrative Agent and (in the case of a Fronted
Letter of Credit) the relevant Fronted LC Issuing Bank (reasonably in advance of the requested date of issuance, amendment or extension) a notice requesting the issuance of a Letter of Credit (and whether such Letter of Credit is to be a Syndicated
Letter of Credit or a Fronted Letter of Credit) or (if applicable) identifying the outstanding Letter of Credit to be amended or extended, and specifying the date of issuance, amendment or extension, as the case may be (which shall be a Business
Day), the date on which such Letter of Credit is to expire (which shall comply with Section 2.10E), the amount of such Letter of Credit, the name and address of the beneficiary thereof and the terms and conditions of (and
such other information as shall be necessary to prepare, amend or extend, as the case may be) such Letter of Credit. 
 With respect to any
Letter of Credit, such Letter of Credit shall be in such form as the Borrower may request and as shall be reasonably satisfactory to the Administrative Agent (with respect to any Syndicated Letter of Credit) or the relevant Fronted LC Issuing Bank
(with respect to any Fronted Letter of Credit to be issued by it) (and which shall not contain provisions that are inconsistent with the terms hereof). 

If requested by the Administrative Agent (in the case of a Syndicated Letter of Credit) or the relevant Fronted LC Issuing Bank (in the case
of a Fronted Letter of Credit), the Borrower also shall submit a letter of credit application on JPMCB’s (in the case of a Syndicated Letter of Credit) or such Fronted LC Issuing Bank’s (in the case of a Fronted Letter of Credit) standard
form in connection with any request for a Letter of Credit. 
 In the event of any inconsistency between the terms and conditions of this
Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered into by the Borrower with, the Administrative Agent (in the case of a Syndicated Letter of Credit) or such
Fronted LC Issuing Bank (in the case of a Fronted Letter of Credit) relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 

  
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 An LC Issuing Bank shall not be under any obligation to issue any Letter of Credit if: 

(i) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain
such LC Issuing Bank from issuing such Letter of Credit, or any law applicable to such LC Issuing Bank shall prohibit, or require that such LC Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in
particular or shall impose upon such LC Issuing Bank with respect to such Letter of Credit any restriction, reserve or capital requirement (for which such LC Issuing Bank is not otherwise compensated hereunder) not in effect on the Effective Date,
or shall impose upon such LC Issuing Bank any unreimbursed loss, cost or expense that was not applicable on the Effective Date and that such LC Issuing Bank in good faith deems material to it; or 

(ii) the issuance of such Letter of Credit would violate one or more policies of such LC Issuing Bank related to the
application of Sanctions. 
 C. Issuance and Administration of Syndicated Letters of Credit. Each Syndicated Letter of Credit
shall be issued by all of the Lenders, acting through the Administrative Agent, at the time of issuance as a single multi-bank letter of credit, as provided in this Section 2.10C. The obligation of any Lender under any
Syndicated Letter of Credit shall be several and not joint and, in the case of each Syndicated Letter of Credit, shall at any time be in an amount equal to such Lender’s Pro Rata Share of the aggregate undrawn amount of such Syndicated Letter
of Credit, and each Syndicated Letter of Credit shall expressly so provide. Without the prior consent of each Lender, no Syndicated Letter of Credit may be issued that would vary the several and not joint nature of the obligations of the Lenders
thereunder. 
 Each Syndicated Letter of Credit shall be executed and delivered by the Administrative Agent in the name and on behalf of,
and as attorney-in-fact for, each Lender party to such Syndicated Letter of Credit, and the Administrative Agent shall act under each Syndicated Letter of Credit, and
each Syndicated Letter of Credit shall expressly provide that the Administrative Agent shall act, as the agent of each Lender to (a) receive drafts, other demands for payment and other documents presented by the beneficiary under such
Syndicated Letter of Credit, (b) determine whether such drafts, demands and documents are in compliance with the terms and conditions of such Syndicated Letter of Credit and (c) notify such Lender and the Borrower that a valid drawing has
been made and the date that the related LC Disbursement is to be made; provided that the Administrative Agent shall have no obligation or liability for any LC Disbursement under such Syndicated Letter of Credit, and each Syndicated Letter of
Credit shall expressly so provide. Each Lender hereby irrevocably appoints and designates the Administrative Agent as its attorney-in-fact, acting through any duly
authorized officer of JPMCB, to execute and deliver in the name and on behalf of such Lender each Syndicated Letter of Credit to be issued by such Lender hereunder. Promptly upon the request of the Administrative Agent, each Lender will furnish to
the Administrative Agent such powers of attorney or other evidence as any beneficiary of any Syndicated Letter of Credit may reasonably request in order to demonstrate that the Administrative Agent has the power to act as attorney-in-fact for such Lender to execute and deliver such Syndicated Letter of Credit. 

D. Limitations on Amounts. A Letter of Credit shall be issued, amended or extended only if (and upon such issuance, amendment or
extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment or extension, (i) the LC Exposure shall not exceed the Letter of Credit Sublimit, (ii) the
Aggregate Credit Exposure shall not exceed the aggregate amount of all Commitments and (iii) the Credit Exposure of each Lender shall not exceed such Lender’s Commitment. In issuing, amending or extending any Fronted Letter of Credit, the
relevant 

  
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Fronted LC Issuing Bank may presume that each of clauses (i) through (iii) of this Section 2.10D are satisfied unless notified to the contrary in writing by the
Administrative Agent at least one Business Day prior to the date of such issuance, amendment or extension (provided that the Administrative Agent shall not have any liability to such Fronted LC Issuing Bank or any Lender for failing to
provide any such notification at any time). 
 E. Expiry Date. No Letter of Credit shall have an expiry date after the earlier
of (a) the date one year after the date of issuance of such Letter of Credit and (b) five business days prior to the Commitment Termination Date, provided that any Letter of Credit with a
one-year tenor may provide for the extension thereof for additional one-year periods (which shall in no event extend beyond the date referred to in clause
(b) above). Notwithstanding the foregoing, any Letter of Credit issued in the final year prior to the Maturity Date may expire no later than one year after the Maturity Date so long as the Borrower cash collateralizes an amount equal to
103% of the face amount of such Letter of Credit, by no later than thirty (30) days prior to the Maturity Date, in the manner described in Section 2.10F and otherwise on terms and conditions reasonably acceptable to
the Administrative Agent and the relevant Fronted LC Issuing Bank (in the case of a Fronted Letter of Credit). In the case of any Letter of Credit that provides for the automatic extension of the expiry date thereof unless the Administrative Agent
or (in the case of any Fronted Letter of Credit) the relevant Fronted LC Issuing Bank shall give notice to the beneficiary thereof that such expiry date shall not be extended, the Lenders shall be deemed to have authorized the Administrative Agent
(with respect to each Syndicated Letter of Credit) and the relevant Fronted LC Issuing Bank (with respect to each Fronted Letter of Credit), as applicable, to permit the extension of such Letter of Credit pursuant to the terms thereof to an expiry
date not later than the date permitted under the immediately preceding sentence; provided that the Administrative Agent or such Fronted LC Issuing Bank, as applicable, will not permit any such extension if (i) the Administrative Agent or
such Fronted LC Issuing Bank, as applicable, has determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof or (ii) the
Administrative Agent or such Fronted LC Issuing Bank, as applicable, has received notice, at least seven Business Days (or such lesser number of days as the Administrative Agent or such Fronted LC Issuing Bank, as applicable, in its sole discretion
shall agree to) prior to the last day of the period under the terms of such Letter of Credit during which a notice with respect to non-extension thereof may be provided to the beneficiary thereunder, from the
Borrower or (upon the occurrence and during the continuance of a Potential Event of Default or an Event of Default or at any time upon or following the termination of the Commitments) the Requisite Lenders, in each case, requesting that such Letter
of Credit not be permitted to extend (whereupon the Administrative Agent or such Fronted LC Issuing Bank, as applicable, shall promptly provide such notice in accordance with the terms of such Letter of Credit). 

F. Provision of Cash Collateral. If an Event of Default shall occur and be continuing and the Borrower receives notice from the
Administrative Agent or the Requisite Lenders demanding the deposit of cash collateral in respect of the outstanding Letters of Credit pursuant to this paragraph, the Borrower shall immediately deposit into an account established and maintained on
the books and records of the Administrative Agent, which account may be a “securities account” (within the meaning of Section 8-501 of the Uniform Commercial Code as in effect in the State of
New York (the “Uniform Commercial Code”)), in the name of the Administrative Agent and for the benefit of the Lenders and (with respect to Fronted Letters of Credit) the Fronted LC Issuing Banks, an amount in cash equal to 105% of
the aggregate LC Exposure as of such date plus any accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and
payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in Section 7.6 or Section 7.7. Such deposit shall be held by
the Administrative Agent as collateral for the LC Exposure under this Agreement, and for this purpose the Borrower hereby grants a security interest to the Administrative Agent for the benefit of the Lenders and the Fronted LC Issuing Banks in such
collateral account and in any financial assets (as defined in the Uniform Commercial Code) or other property held therein. 

  
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 G. Replacement of Fronted LC Issuing Bank. Any Fronted LC Issuing Bank may be
replaced at any time by written agreement between the Borrower, the Administrative Agent, the replaced Fronted LC Issuing Bank and the successor Fronted LC Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of a
Fronted LC Issuing Bank. At the time any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for account of the replaced Fronted LC Issuing Bank pursuant to Section 2.3. From and after
the effective date of any such replacement, (i) the successor Fronted LC Issuing Bank shall have all the rights and obligations of the replaced Fronted LC Issuing Bank under this Agreement with respect to Fronted Letters of Credit to be issued
thereafter and (ii) references herein to the term “Fronted LC Issuing Bank” shall be deemed to refer to such successor or to any previous Fronted LC Issuing Bank, or to such successor and all previous Fronted LC Issuing Bank, as the
context shall require. After the replacement of a Fronted LC Issuing Bank hereunder, the replaced Fronted LC Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of a Fronted LC Issuing Bank under this
Agreement with respect to Fronted Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Fronted Letters of Credit. 

H. Non-NAIC Qualified U.S. Financial Institutions. If, at any time after the Effective
Date, a Lender ceases to be a NAIC Qualified U.S. Financial Institution, such Lender shall promptly notify the Administrative Agent and the Borrower thereof. At any time after the Effective Date in the event any Lender shall qualify as a NAIC
Qualified U.S. Financial Institution hereunder by reason of entering into an agreement as contemplated hereby with a Confirming Lender which is a NAIC Qualified U.S. Financial Institution and such Confirming Lender ceases to be a NAIC Qualified U.S.
Financial Institution, such Lender and such Confirming Lender shall promptly notify the Administrative Agent and the Borrower thereof. 

I. Fronted LC Issuing Bank Agreements. Each Fronted LC Issuing Bank agrees that, unless otherwise requested by the Administrative
Agent, such Fronted LC Issuing Bank shall report in writing to the Administrative Agent (i) on the first Business Day of each month, the daily activity (set forth by day) in respect of its Fronted Letters of Credit during the immediately
preceding month, including all issuances, extensions and amendments, all expirations and cancellations and all disbursements and reimbursements (it being understood and agreed that no such reports shall be required at any time during which such
Fronted LC Issuing Bank does not have Fronted Letters of Credit outstanding hereunder), (ii) on or prior to each Business Day on which such Fronted LC Issuing Bank expects to issue, amend or extend any Fronted Letter of Credit, the date of such
issuance, amendment or extension, and the aggregate face amount of the Fronted Letters of Credit to be issued, amended or extended by it and outstanding after giving effect to such issuance, amendment or extension occurred (and whether the amount
thereof changed), (iii) on each Business Day on which such Fronted LC Issuing Bank makes any LC Disbursement, the date of such LC Disbursement and the amount of such LC Disbursement, (iv) on any Business Day on which the Borrower fails to
reimburse an LC Disbursement required to be reimbursed to such Fronted LC Issuing Bank on such day, the date of such failure and the amount and currency of such LC Disbursement and (v) on any other Business Day, such other information as the
Administrative Agent shall reasonably request. 
 2.11 Reimbursement of LC Disbursements, Etc. 

A. Reimbursement. If any Lender or (in the case of a Fronted Letter of Credit) the relevant Fronted LC Issuing Bank shall make
any LC Disbursement in respect of any Letter of Credit, the Borrower agrees that it shall reimburse such Lender or such Fronted LC Issuing Bank, as the case may be, in respect of such LC Disbursement under a Letter of Credit by paying to the
Administrative Agent in Dollars an amount equal to such LC Disbursement not later than 12:00 p.m., New York City time, on (i) the Business Day that the Borrower receives notice of such LC Disbursement, if such notice is received prior to 10:00
a.m., New York City time, or (ii) the Business Day immediately following the day that the Borrower receives such notice, if such notice is not received prior to such time. 

  
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 With respect to Fronted Letters of Credit, if the Borrower fails to make such payment when
due, the Administrative Agent shall notify the relevant Fronted LC Issuing Bank and each Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect of such Fronted Letter of Credit and such Lender’s Pro Rata
Share thereof. 
 B. Borrower’s Reimbursement Obligations Absolute. The Borrower’s obligations to reimburse LC
Disbursements as provided in Section 2.11A shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and
irrespective of (i) any lack of validity or enforceability of any Letter of Credit, this Agreement or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or
invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by any Lender or (in the case of a Fronted Letter of Credit) the relevant Fronted LC Issuing Bank under a Letter of Credit against
presentation of a draft or other document that does not comply strictly with the terms of such Letter of Credit (provided that the Borrower shall not be obligated to reimburse such LC Disbursements unless payment is made against presentation
of a draft or other document that at least substantially complies with the terms of such Letter of Credit), (iv) the occurrence of any Potential Event of Default or Event of Default, (v) the existence of any proceedings of the type described in
Section 7.6 or Section 7.7 with respect to any guarantor of any of such reimbursement obligations, (vi) any lack of validity or enforceability of any of such reimbursement obligations against
any guarantor of any of such reimbursement obligations, or (vii) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section 2.11,
constitute a legal or equitable discharge of the obligations of the Borrower hereunder. 
 Neither the Administrative Agent, nor any Lender
or any LC Issuing Bank nor any of its respective Affiliates or any of its or their respective directors, officers, employees, agents and advisors shall have any liability or responsibility by reason of or in connection with the issuance or transfer
of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any
draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond their
control; provided that the foregoing shall not be construed to excuse the Administrative Agent, any Lender or any LC Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to special, indirect,
consequential or punitive damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by the gross negligence or willful misconduct of the Administrative
Agent, any Lender or a LC Issuing Bank. The parties hereto expressly agree that: 
 (i) the Administrative Agent or (in the case of Fronted
Letters of Credit) the relevant Fronted LC Issuing Bank may accept documents that appear on their face to be in substantial compliance with the terms of a Letter of Credit without responsibility for further investigation, regardless of any notice or
information to the contrary, and may make payment upon presentation of documents that appear on their face to be in substantial compliance with the terms of such Letter of Credit; 

(ii) the Administrative Agent or (in the case of Fronted Letters of Credit) the relevant Fronted LC Issuing Bank shall have the right, in its
sole discretion, to decline to accept such documents and to make such payment if such documents are not in strict compliance with the terms of such Letter of Credit; and 

  
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 (iii) in the absence of gross negligence or willful misconduct on the part of the
Administrative Agent or (in the case of Fronted Letters of Credit) the relevant Fronted LC Issuing Bank (as finally determined by a court of competent jurisdiction), the Administrative Agent or (in the case of Fronted Letters of Credit) the relevant
Fronted LC Issuing Bank shall be deemed to have exercised care in each such determination. 
 C. Lenders’ Participations in
Fronted Letters of Credit. By the issuance (or, in the case of the Existing Fronted Letters of Credit, the deemed issuance) of a Fronted Letter of Credit (or an amendment to a Fronted Letter of Credit increasing the amount thereof) by any
Fronted LC Issuing Bank, and without any further action on the part of such Fronted LC Issuing Bank or the Lenders, such Fronted LC Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from such Fronted LC Issuing Bank, a
participation in such Fronted Letter of Credit equal to such Lender’s Pro Rata Share of the aggregate amount available to be drawn under such Fronted Letter of Credit. Each Lender acknowledges and agrees that its obligation to acquire
participations pursuant to this paragraph in respect of Fronted Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment or extension of any Fronted Letter of Credit or the
occurrence and continuance of a Potential Event of Default or an Event of Default or reduction or termination of the Commitments. 
 In
consideration and in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for account of the Fronted LC Issuing Bank of each Fronted Letter of Credit, such Lender’s Pro Rata
Share of each LC Disbursement made by such Fronted LC Issuing Bank in respect of such Fronted Letter of Credit promptly upon the request of such Fronted LC Issuing Bank at any time from the time such LC Disbursement is made until such LC
Disbursement is reimbursed by the Borrower or at any time after any reimbursement payment is required to be refunded to the Borrower for any reason, including after the Maturity Date. Such payment shall be made without any offset, abatement,
withholding or reduction whatsoever. 
 Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to
Section 2.11A, the Administrative Agent shall distribute such payment to the relevant Fronted LC Issuing Bank or, to the extent that the Lenders have made payments pursuant to this Section 2.11C to
reimburse such Fronted LC Issuing Bank, then to such Lenders and/or such Fronted LC Issuing Bank, as applicable. Any payment made by a Lender pursuant to this Section 2.11C to reimburse any Fronted LC Issuing Bank for any
LC Disbursement shall not relieve the Borrower of its obligation to reimburse such LC Disbursement. 
 D. Letter of Credit
Disbursement Procedures. 
 (i) The following provisions shall apply to Syndicated Letters of Credit. The Administrative Agent shall,
within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under any Syndicated Letter of Credit. The Administrative Agent shall promptly after such examination (i) notify each of
the Lenders and the Borrower of such demand for payment and (ii) deliver to each Lender a copy of each document purporting to represent a demand for payment under such Syndicated Letter of Credit. With respect to any drawing properly made under
a Syndicated Letter of Credit, each Lender will make an LC Disbursement in respect of such Syndicated Letter of Credit in accordance with its liability under such Syndicated Letter of Credit and this Agreement, such LC Disbursement to be made to the
account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make any such LC Disbursement available to the beneficiary of such Syndicated Letter of Credit by promptly
crediting the amounts so received, in like funds, to the account identified by such beneficiary in connection with such demand for payment. Promptly following any LC Disbursement by any Lender in respect of any Syndicated Letter of Credit, the
Administrative Agent will notify the Borrower of such LC Disbursement; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Lenders with respect to any such LC
Disbursement. 

  
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 (ii) The following provisions shall apply to Fronted Letters of Credit. The relevant Fronted
LC Issuing Bank shall, within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Fronted Letter of Credit. Such Fronted LC Issuing Bank shall promptly after such examination
notify the Administrative Agent and the Borrower of such demand for payment and whether such Fronted LC Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall
not relieve the Borrower of its obligation to reimburse such Fronted LC Issuing Bank and the Lenders with respect to any such LC Disbursement. 

E. Interim Interest. If any LC Disbursement with respect to a Letter of Credit is made, then, unless the Borrower shall reimburse
such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such
LC Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to Section 2.11A,
Section 2.2D shall apply. With respect to any Fronted Letter of Credit, interest accrued pursuant to this paragraph shall be for account of the relevant Fronted LC Issuing Bank, except that interest accrued on and after the
date of payment by any Lender pursuant to Section 2.11C to reimburse such LC Issuing Bank shall be for account of such Lender to the extent of such payment. 

F. Non-Receipt of Funds from Lenders. If any Lender fails to make available to the
Administrative Agent or any Fronted LC Issuing Bank, as applicable, any amount required to be paid by such Lender in respect of any Letter of Credit by the time specified herein, the Administrative Agent (with respect to each Syndicated Letter of
Credit) (to the extent that the Administrative Agent shall have funded such amount on behalf of such Lender, it being understood and agreed that the Administrative Agent shall have no obligation or liability to fund any amount under any Syndicated
Letter of Credit other than in its capacity as a Lender thereunder) and the relevant Fronted LC Issuing Bank (with respect to each Fronted Letter of Credit), as applicable, shall, through the Administrative Agent, be entitled to recover from such
Lender, on demand, such amount with interest thereon, for the period from the date such payment is required to the date on which such payment is immediately available to the Administrative Agent, at a rate per annum equal to the NYFRB Rate from time
to time in effect. A certificate of the Administrative Agent or such Fronted LC Issuing Bank, as applicable, with respect to any amounts owing under this Section 2.11F shall be conclusive absent manifest error. 

G. Adjustment of Pro Rata Shares. 

(i) With respect to Syndicated Letters of Credit, upon (a) each increase of the Commitments pursuant to
Section 2.9, (b) the assignment by a Lender of all or a portion of its Commitment and its interests in the Syndicated Letters of Credit pursuant to an Assignment Agreement or (c) each reallocation or readjustment
pursuant to Section 2.12(c), the Administrative Agent shall promptly notify each beneficiary under an outstanding Syndicated Letter of Credit of the Lenders that are parties to such Syndicated Letter of Credit and their
respective Pro Rata Share as of the effective date of, and after giving effect to, such increase, assignment, reallocation or readjustment, as the case may be. 

(ii) With respect to Fronted Letters of Credit, notwithstanding anything herein to the contrary, upon (a) each increase of the Commitments
pursuant to Section 2.9, each Lender’s participation in each Fronted Letter of Credit then outstanding shall automatically be adjusted to reflect its Pro Rata Share after giving effect to such increase, (b) the
assignment by a Lender of all or a portion of its 

  
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Commitment and its interests in the Fronted Letters of Credit pursuant to an Assignment Agreement respective assigning Lender’s participation in each Fronted Letter of Credit then
outstanding shall automatically be adjusted to reflect, and the respective assignee Lender shall be deemed to acquire a participation in each such Fronted Letter of Credit in an amount equal to, its Pro Rata Share and (c) each any reallocation
or readjustment pursuant to Section 2.12(c), each Lender’s participation interests in each Fronted Letter of Credit then outstanding shall automatically be adjusted to reflect such Lender’s Pro Rata Share after
giving effect to such reallocation or readjustment. 
 2.12 Defaulting Lenders. 

Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall
apply for so long as such Lender is a Defaulting Lender: 
 (a) commitment fees shall cease to accrue on the unused portion
of the Commitment of such Defaulting Lender pursuant to Section 2.3A; 
 (b) the Commitment and
Credit Exposure of such Defaulting Lender shall not be included in determining whether all Lenders or the Requisite Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to
Section 8.5), provided that any waiver, amendment or modification (i) described in Section 8.5(A)(i) and 8.5(B)(i), (ii) requiring the consent of all Lenders or (iii) each
affected Lender which affects such Defaulting Lender in a manner more adversely than other affected Lenders shall, in each case, require the consent of such Defaulting Lender; 

(c) if any LC Exposure exists at the time a Lender becomes a Defaulting Lender then: 

(i) all or any part of such LC Exposure with respect to each outstanding Letter of Credit shall be reallocated among the non-Defaulting Lenders in accordance with their respective Pro Rata Shares but only to the extent (x) the sum of all non-Defaulting Lenders’ Credit Exposures and
such Defaulting Lender’s LC Exposure does not exceed the aggregate amount of all non-Defaulting Lenders’ Commitments and (y) the conditions set forth in Section 3.2(ii)
and Section 3.2(iii) are satisfied at such time; and 
 (ii) if the reallocation described in
clause (i) above cannot, or can only partially, be effected, the Borrower shall within three Business Days following notice by the Administrative Agent cash collateralize such Defaulting Lender’s LC Exposure with respect to each
Fronted Letter of Credit only (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.10F for so long as such LC Exposure is
outstanding; 
 (iii) if the Borrower cash collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant
to this Section 2.12(c), the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.3B(i) with respect to such Defaulting Lender’s LC Exposure during
the period such Defaulting Lender’s LC Exposure is cash collateralized; 
 (iv) if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to this Section 2.12(c), then the fees payable to the Lenders pursuant to Section 2.3B(i) shall be adjusted in
accordance with such non-Defaulting Lenders’ Pro Rata Share; and 

  
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 (v) if all or any portion of any Defaulting Lender’s LC Exposure is
neither cash collateralized nor reallocated pursuant to this Section 2.12(c), then, without prejudice to any rights or remedies of any LC Issuing Bank or any Lender hereunder, all letter of credit fees payable under
Section 2.3B(i) with respect to such Defaulting Lender’s LC Exposure with respect to any Fronted Letter of Credit shall be payable to the relevant Fronted LC Issuing Bank until such LC Exposure is cash collateralized
and/or reallocated; and 
 (d) so long as any Lender is a Defaulting Lender, no Fronted LC Issuing Bank shall be required to
issue, amend or extend any Fronted Letter of Credit, unless such Fronted LC Issuing Bank is satisfied that the related exposure will be 100% covered by the Commitments of the non-Defaulting Lenders and/or cash
collateral will be provided by the Borrower in accordance with Section 2.12(c), and participating interests in any such newly issued or increased Fronted Letter of Credit shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.12(c)(i) (and the Defaulting Lender(s) shall not participate therein). 

If (i) a Bankruptcy Event with respect to a Person as to which any Lender is, directly or indirectly, a subsidiary shall occur following
the date hereof and for so long as such event shall continue or (ii) any Fronted LC Issuing Bank has a good faith belief that any Lender has defaulted in fulfilling its obligations under one or more other agreements in which such Lender commits
to extend credit, such Fronted LC Issuing Bank shall not be required to issue, amend or increase any Letter of Credit, unless such Fronted LC Issuing Bank shall have entered into arrangements with the Borrower or such Lender, reasonably satisfactory
to such Fronted LC Issuing Bank to defease any risk to it in respect of such Lender hereunder. 
 In the event that the Administrative
Agent, the Borrower and (if there are any Fronted Letters of Credit then outstanding) the relevant Fronted LC Issuing Banks agree that a Lender which is a Defaulting Lender has adequately remedied all matters that caused such Lender to be a
Defaulting Lender, then the LC Exposure of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment (including readjusting the Lenders’ respective participation interests in any outstanding Fronted Letters of
Credit and the Lender’s respective Pro Rata Shares of any outstanding Syndicated Letters of Credit) and on such date such Lender shall purchase at par such of the Loans of the other Lenders as the Administrative shall determine may be necessary
in order for such Lender to hold such Loans in accordance with its Pro Rata Share. 
 SECTION 3. CONDITIONS PRECEDENT 

3.1 Conditions to Effectiveness. 

The effectiveness of this Agreement and the obligation of each Lender to make any Credit Extension hereunder is subject to the satisfaction of
the following conditions: 
 A. Borrower Documents. The Borrower shall deliver or cause to be delivered to the Administrative
Agent on behalf of each Lender the following: 
 (i) Certified copies of the Organizational Documents of the Borrower, each dated a recent
date prior to the Effective Date, certified as of a recent date prior to the Effective Date by the appropriate governmental official or an officer of the Borrower, as applicable; 

(ii) Resolutions of the board of directors (or similar governing body) of the Borrower approving and authorizing the execution, delivery and
performance of the Loan Documents to which it is a party and certified as of the Effective Date by an officer of the Borrower as being in full force and effect without modification or amendment; 

  
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 (iii) Signature and incumbency certificates of the officers of the Borrower executing on
behalf of the Borrower the Loan Documents to which it is a party; 
 (iv) An executed copy of each Note requested by a Lender prior to the
Effective Date; 
 (v) A good standing certificate for the Borrower from its jurisdiction of organization certified as of a recent date prior
to the Effective Date; and 
 (vi) A certificate from an officer of the Borrower certifying satisfaction of the conditions set forth in
Sections 3.2(ii) and (iii) as of the Effective Date. 
 B. Opinion of Counsel. A favorable written opinion
(addressed to the Administrative Agent and the Lenders and dated the Effective Date) of Cravath, Swaine & Moore LLP, special New York counsel for the Borrower, in form and substance reasonably satisfactory to the Administrative Agent and
its counsel and covering customary matters relating to the Borrower, the Loan Documents and the Transactions and reasonably satisfactory to the Administrative Agent and the Borrower. The Borrower hereby requests such counsel to deliver such
opinions. 
 C. Payment of Fees And Expenses. The Borrower shall have paid (i) to the Arrangers, the Agents and the
Lenders all fees required to be paid on the Effective Date in connection with this Agreement and (ii) to the Agents all reasonable costs and expenses (including legal fees and expenses of counsel to the Administrative Agent) required to be paid
in connection with the preparation, execution and delivery of this Agreement for which written invoices shall have been submitted to the Borrower. 

D. “Know Your Customer” Requirements. (i) The Administrative Agent shall have received, at least three
(3) Business Days prior to the Effective Date, all documentation and other information regarding the Borrower requested in connection with applicable “know your customer” and anti-money laundering rules and regulations, including the
Patriot Act, to the extent reasonably requested in writing of the Borrower at least ten (10) Business Days prior to the Effective Date and (ii) to the extent the Borrower qualifies as a “legal entity customer” under the
Beneficial Ownership Regulation, at least three (3) Business Days prior to the Effective Date, any Lender that has reasonably requested, in a written notice to the Borrower at least ten (10) Business Days prior to the Effective Date, a
Beneficial Ownership Certification in relation to the Borrower shall have received such Beneficial Ownership Certification (provided that, upon the execution and delivery by such Lender of its signature page to this Agreement, the condition set
forth in this Section 3.1D shall be deemed to be satisfied). 
 E. Lender Signature Pages. The
Administrative Agent shall have received from each Lender a counterpart of this Agreement signed on behalf of such Lender. 
 The
Administrative Agent shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding. 
 3.2 Conditions
to each Loan. 
 The obligation of each Lender to make any Loan or issue, amend or extend any Letter of Credit hereunder, including any
Loan to be made or any Letter of Credit to be issued on the Effective Date, is subject to the satisfaction of the following conditions: 

  
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 (i) the Administrative Agent shall have received (a) in the case of any Borrowing, in
accordance with the provisions of Section 2.1B, a Notice of Borrowing signed by the Borrower and (b) in the case of any Letter of Credit, in accordance with the provisions of Section 2.10B, a
notice of issuance, amendment or extension signed by the Borrower; 
 (ii) the representations and warranties contained herein and in the
other Loan Documents (other than, after the Effective Date, the representations and warranties set forth in the last sentence of Section 4.3C and in Section 4.4,
Section 4.6A, Section 4.8 and the last sentence of Section 4.16) shall be true, correct and complete in all material respects (except representations and warranties that
are qualified by materiality, which shall be true and correct in all respects (after giving effect to such qualification therein)) on and as of the date of such Loan or the issuance, amendment or extension of such Letter of Credit to the same extent
as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true, correct and complete in all material
respects (except representations and warranties that are qualified by materiality, which shall be true and correct in all respects (after giving effect to such qualification therein)) on and as of such earlier date; and 

(iii) no event shall have occurred and be continuing or would result from such Loan or the issuance, amendment or extension of such Letter of
Credit that would constitute an Event of Default or a Potential Event of Default. 
 Each Borrowing (but not including continuations or
conversions) and each issuance, amendment or extension of a Letter of Credit shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in clauses (ii) and (iii) of this
Section 3.2. 
 SECTION 4. REPRESENTATIONS AND WARRANTIES 

In order to induce the Agents and the Lenders to enter into this Agreement and to induce the Lenders to make any Credit Extension hereunder,
the Borrower represents and warrants to each Agent and each Lender that the following statements are true, correct and complete: 
 4.1
Organization, Powers, Qualification, Good Standing, Business and Subsidiaries. 
 A. Organization and Powers. Each of
the Borrower and each Subsidiary is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, except where the failure to be duly organized, validly existing or in good standing has not had and would
not reasonably be expected to have a Material Adverse Effect. Each Credit Party and each Material Subsidiary has all requisite power and authority to (i) enter into the Loan Documents to which it is a party and to carry out the transactions
contemplated thereby and (ii) own, lease and operate its material properties, to carry on its business as now conducted and as proposed to be conducted, except, solely in the case of this clause (ii), where the failure to have such requisite
power and authority has not had and would not reasonably be expected to have a Material Adverse Effect. 
 B. Qualification and
Good Standing. Each Credit Party and each of its Subsidiaries is duly qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in
jurisdictions where the failure to be so qualified or in good standing has not had and would not reasonably be expected to have a Material Adverse Effect. 

C. Subsidiaries. Schedule 4.1C sets forth the ownership interest of the Borrower and each of its Subsidiaries in their
respective Subsidiaries as of the Effective Date, and identifies each Subsidiary that is an Insurance Subsidiary as of the Effective Date. 

  
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 4.2 Authorization of Borrowing, etc. 

A. Authorization of Borrowing, etc. The execution, delivery and performance of each Loan Document to which it is a party have
been duly authorized by all necessary action on the part of each Credit Party. 
 B. No Conflict. The execution, delivery and
performance by a Credit Party of each Loan Document to which it is a party and the consummation of the transactions contemplated by each Loan Document to which it is a party do not and will not (i) violate any provision of any of the
Organizational Documents of the Borrower or any of its Subsidiaries, (ii) violate any provision of any law or any governmental rule or regulation applicable to the Borrower or any of its Subsidiaries, except to the extent such violation would
not reasonably be expected to have a Material Adverse Effect, (iii) violate any order, judgment or decree of any court or other agency of government binding on the Borrower or any of its Subsidiaries, except to the extent such violation would
not reasonably be expected to have a Material Adverse Effect, (iv) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of the Borrower or any of its
Subsidiaries, except to the extent such conflict, breach or default would not reasonably be expected to have a Material Adverse Effect, (v) result in or require the creation or imposition of any Lien upon any of the properties or assets of the
Borrower or any of its Subsidiaries, or (vi) require any approval of stockholders, partners or members or any approval or consent of any Person under any Contractual Obligation of the Borrower or any of its Subsidiaries, except for such
approvals or consents which will be obtained on or before the Effective Date and except for approvals and consents the failure to obtain would not reasonably be expected to have a Material Adverse Effect. 

C. Governmental Consents. The execution, delivery and performance by a Credit Party of each Loan Document to which it is a party
and the consummation of the transactions contemplated by each Loan Document to which it is a party do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by, any Governmental Authority,
except such as have been obtained or made and are in full force and effect, and except such the failure to obtain which would not reasonably be expected to have a Material Adverse Effect. 

D. Binding Obligation. Each of the Loan Documents to which it is a party has been duly executed and delivered by the Credit
Parties and is the legally valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar
laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability. 
 4.3 Financial Condition. 

A. GAAP Financial Statements. The Borrower has heretofore delivered to the Administrative Agent (i) the audited consolidated
balance sheet of the Borrower as of December 31, 2020 and related audited consolidated statements of income, stockholders’ equity and cash flows of the Borrower for the Fiscal Year then ended and (ii) the unaudited consolidated
balance sheet of the Borrower as of September 30, 2021 and the related unaudited consolidated statements of income, stockholders’ equity and cash flows of the Borrower for the Fiscal Quarter then ended, together in each case with all
related notes and schedules thereto, as applicable. All such statements of the Borrower were prepared in conformity with GAAP and fairly present, in all material respects, the financial position of the entities described in such financial statements
as at the date thereof and the results of operations and cash flows of the entities described therein for the period then ended (subject to, in the case of such financial statement for such Fiscal Quarter, normal
year-end audit adjustments and the absence of footnotes). Neither the Borrower nor any of its Subsidiaries has as of the Effective Date any contingent liability or liability for taxes, long-term lease or
unusual forward or long-term commitment that is not reflected in the foregoing financial statements or the notes thereto and which in any such case would reasonably be expected to have a Material Adverse Effect. 

  
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 B. Statutory Financial Statements. All annual convention statements for the
Fiscal Years ended December 31, 2019 and 2020, including the financial statements on a statutory basis and the accompanying exhibits and schedules and supplements thereto (the “Annual Convention Statements”), in each case filed
with any Applicable Insurance Regulatory Authority by the Insurance Subsidiaries, (a) were duly filed, (b) were prepared in all material respects in accordance with SAP applied on a consistent basis throughout such periods except as
otherwise stated therein or required by the rules and regulations of the Applicable Insurance Regulatory Authorities and in accordance with the books and records of the Insurance Subsidiaries and (c) present fairly, in all material respects, in
accordance with such practices, the statutory financial position as at the date of, and the statutory results of its operations for the periods covered by such Annual Convention Statements. Each Insurance Subsidiary owns assets that qualify as legal
reserve assets under applicable insurance laws in an amount at least equal to all such required reserves and other similar amounts of such Insurance Subsidiary, except where the failure to do so would not reasonably be expected to have a Material
Adverse Effect. 
 C. Statutory Reserves. The statutory reserves of each of the Insurance Subsidiaries (the “Statutory
Reserves”) as set forth in the Annual Convention Statements and the Quarterly Convention Statements: (i) were determined in accordance with generally accepted actuarial standards consistently applied, (ii) were fairly stated in
all material respects in accordance with sound actuarial principles, (iii) were based on actuarial assumptions that are in accordance with those specified in the related policy provisions, (iv) made adequate provision for all matured and
unmatured liabilities of the Insurance Subsidiaries under the terms of its Insurance Contracts, Reinsurance Agreements and Retrocession Agreements at such date, (v) were computed and fairly stated in all material respects in accordance with
SAP, and (vi) were in compliance with the requirements of all Applicable Insurance Regulatory Authorities, except where such noncompliance would not reasonably be expected to have a Material Adverse Effect. Since December 31, 2020, there
has been no adverse change in the Statutory Reserves of any of the Insurance Subsidiaries, except for changes that would not reasonably be expected to have a Material Adverse Effect. 

4.4 No Material Adverse Change. 
 Since
December 31, 2020, no event or change has occurred that has caused or evidences, or would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 

4.5 Title to Properties; Liens. 
 The
Borrower and each of its Subsidiaries has (i) good and marketable title in fee simple in (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), or
(iii) good and marketable title to (in the case of all other personal property), all of its properties and assets reflected in the financial statements referred to in Section 4.3A or in the most recent financial
statements delivered pursuant to Section 5.1, in each case except for assets disposed of since the date of such financial statements and prior to the Effective Date or as otherwise permitted under
Section 6.6 and except where the failure to do so would not reasonably be expected to have a Material Adverse. Except as permitted by this Agreement or as contemplated by the Loan Documents, all such properties and assets
are free and clear of Liens. 

  
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 4.6 No Litigation; Compliance with Laws. 

A. Except as disclosed on Schedule 4.6, there are no actions, suits, proceedings (whether administrative, judicial or otherwise),
arbitrations or governmental investigations (whether or not purportedly on behalf of the Borrower or any of its Subsidiaries) at law or in equity, or before or by any Governmental Authority, domestic or foreign (including any Environmental Claims),
that are pending or, to the knowledge of the Borrower or any of its Subsidiaries, threatened against or affecting the Borrower or any of its Subsidiaries or any property of the Borrower or any of its Subsidiaries and that (i) individually or in
the aggregate, would reasonably be expected to result in a Material Adverse Effect or (ii) involve any of the Loan Documents or the transactions contemplated thereby. There has been no change in the status of the matters disclosed on
Schedule 4.6 that, individually or in the aggregate, has resulted in, or materially increased the likelihood of, a Material Adverse Effect. 

B. Neither the Borrower nor any of its Subsidiaries (i) is in violation of any applicable laws (including Environmental Laws) that,
individually or in the aggregate, would reasonably be expected to result in a Material Adverse Effect or (ii) is subject to or in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any Governmental
Authority, domestic or foreign, that, individually or in the aggregate, would reasonably be expected to result in a Material Adverse Effect. 
 4.7
Payment of Taxes. 
 Except as otherwise permitted under Section 5.5, all tax returns and reports of the
Borrower and its Subsidiaries required to be filed by any of them have been timely filed, and all taxes due and payable and all assessments, fees and other governmental charges imposed upon the Borrower and its Subsidiaries and upon their respective
properties, assets, income, businesses and franchises which are due and payable have been paid when due and payable, except to the extent the failure to so file or pay would not reasonably be expected to have a Material Adverse Effect. 

4.8 No Default. 
 Neither the Borrower nor
any of its Subsidiaries is in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any of its Contractual Obligations, and no condition exists that, with the giving of notice or the
lapse of time or both, would constitute such a default, except where the consequences, direct or indirect, of such default or defaults, if any, would not reasonably be expected to have a Material Adverse Effect. 

4.9 Governmental Regulation. 
 No Credit
Party is required to register as an “investment company” under and as defined in the Investment Company Act of 1940. No Credit Party is a “registered investment company” or a company “controlled” by a “registered
investment company” or a “principal underwriter” of a “registered investment company” as such terms are defined in the Investment Company Act of 1940. 

4.10 Securities Activities. 
 Neither the
Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. No part of the proceeds of any Credit Extension
hereunder will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock or for any purpose that violates, or is inconsistent with, the provisions of Regulation
T, U or X of the FRB. 

  
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 4.11 Employee Benefit Plans. 

A. Each of the Borrower and its Subsidiaries are in all material respects in compliance with all applicable provisions and requirements
of ERISA and the Internal Revenue Code and the regulations and published interpretations thereunder with respect to each Employee Benefit Plan, and have performed all their obligations under each Employee Benefit Plan, except where the failure to do
so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. Each Employee Benefit Plan that is intended to be qualified under Section 401(a) of the Internal Revenue Code has received a favorable
determination letter from the Internal Revenue Service, or is maintained under a prototype or volume submitter plan and may rely on a favorable opinion or advisory letter issued by the Internal Revenue Service with respect to such prototype or
volume submitter plan, and the Borrower is not aware of any circumstances likely to result in revocation of such favorable determination, opinion or advisory letter. 

B. No liability to the PBGC (other than required premium payments), the Internal Revenue Service, any Employee Benefit Plan or any trust
established under Title IV of ERISA (other than required contributions which have been timely made when due) has been or is expected to be incurred by the Borrower, any Subsidiary or any ERISA Affiliate, and no ERISA Event has occurred or is
reasonably expected to occur, in each case that would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

C. Except to the extent required under Section 4980B of the Internal Revenue Code, no Employee Benefit Plan provides health or
welfare benefits (through the purchase of insurance or otherwise) for any retired or former employee of the Borrower and its Subsidiaries that have not been accrued on the Borrower’s consolidated financial statements in accordance with the
Statement of Financial Accounting Standards No. 106. The Borrower has retained the right to amend or terminate its retiree medical arrangements at any time. 

D. The present value of the aggregate benefit liabilities under each Pension Plan sponsored, maintained or contributed to by the
Borrower, any Subsidiary or any ERISA Affiliate (determined as of the beginning of the most recent plan year on the basis of the actuarial assumptions specified for funding purposes in the most recent actuarial valuation for such Pension Plan), did
not exceed the actuarial value of the assets of each such Pension Plan, in each case by an amount which would reasonably be expected to have a Material Adverse Effect. 

4.12 Environmental Protection. 

A. Neither the Borrower nor any of its Subsidiaries nor any of their respective Facilities or operations are subject to any outstanding
written order, consent decree or settlement agreement with any Person relating to any Environmental Law, any Environmental Claim, or any Hazardous Materials Activity that, individually or in the aggregate, would reasonably be expected to have a
Material Adverse Effect. 
 B. As of the Effective Date, neither the Borrower nor any of its Subsidiaries has received any letter or
request for information under Section 104 of CERCLA or any comparable state law. 
 C. There are and, to the Borrower’s and
each of its Subsidiaries’ knowledge, have been no conditions, occurrences, or Hazardous Materials Activities which would reasonably be expected to form the basis of an Environmental Claim against the Borrower or any of its Subsidiaries that,
individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 
 4.13 Solvency. 

The Borrower, together with each of its Subsidiaries (on a consolidated basis), is, as of the Effective Date, Solvent. 

  
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 4.14 Restrictions. 

There are no contractual restrictions on the Borrower or any of its Subsidiaries which prohibit or otherwise restrict the transfer of cash or
other assets from any Subsidiary to the Borrower, other than prohibitions or restrictions permitted under Section 6.4. 

4.15 Insurance Licenses. 
 No
Insurance License, the suspension, revocation, termination, non-renewal or limitation of which would reasonably be expected to have a Material Adverse Effect, is the subject of a proceeding for suspension,
revocation, termination, non-renewal or limitation and, to the knowledge of the Borrower and its Subsidiaries, no such suspension, revocation, termination, non-renewal
or limitation has been threatened by any Governmental Authority. No Insurance Subsidiary transacts any Insurance Business, directly or indirectly, in any jurisdiction where such business requires any Insurance License that is not validly maintained
by such Insurance Subsidiary, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect. 
 4.16
Disclosure. 
 No representation or warranty of the Borrower contained in any of the Loan Documents or in any other document,
certificate or written statement furnished to any of the Agents or any of the Lenders by or on behalf of the Borrower or any of its Subsidiaries for use in connection with the transactions contemplated by this Agreement contained as of the date such
document or certificate was so furnished, when taken as a whole, any untrue statement of a material fact or omitted to state a material fact (known to the Borrower or any of its Subsidiaries, in the case of any document not furnished by any of them)
necessary in order to make the statements contained herein or therein not materially misleading in light of the circumstances in which the same were made. Any projections and pro forma financial information contained in such materials are based upon
good faith estimates and assumptions believed by the Borrower to be reasonable at the time made, it being recognized by the Agents and the Lenders that such projections as to future events are not to be viewed as facts and that actual results during
the period or periods covered by any such projections may differ from the projected results. There are no facts known to the Borrower or any of its Subsidiaries (other than matters of a general economic nature) that, individually or in the
aggregate, would reasonably be expected to result in a Material Adverse Effect and that have not been disclosed herein or in such other documents, certificates and statements furnished to each of the Agents for use in connection with the
transactions contemplated hereby. As of the Effective Date, to the best knowledge of the Borrower, the information included in the Beneficial Ownership Certification provided on or prior to the Effective Date to any Lender in connection with this
Agreement is true and correct in all material respects. 
 4.17 Anti-Corruption Laws; Sanctions and Anti-Money Laundering Laws. 

(i) The Borrower has implemented and maintains in effect policies and procedures reasonably designed to ensure compliance by the Borrower and
its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and the Borrower and its Subsidiaries and their respective directors and officers and, to the knowledge of the
Borrower, their respective employees and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) the Borrower, any Subsidiary or, to the knowledge of the Borrower, any of their
respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a
Sanctioned Person. 

  
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 (ii) No Borrowing, use of proceeds or other transactions contemplated by the Loan Documents
will violate Anti-Corruption Laws or applicable Sanctions. 
 (iii) The operations of the Borrower and its Subsidiaries are and have been
conducted at all times in compliance in all material respects with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all
applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines issued, administered or enforced by any governmental agency (collectively, the “Anti-Money Laundering Laws”)
and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Borrower or any of its Subsidiaries with respect to the Anti-Money Laundering Laws is pending or, to the best of the
Borrower’s knowledge, threatened. 
 4.18 Affected Financial Institutions. 

No Credit Party is an Affected Financial Institution. 

SECTION 5. AFFIRMATIVE COVENANTS 

The Borrower covenants and agrees that, so long as the Commitments hereunder shall remain in effect and until payment in full of the Loans and
all other Obligations (other than indemnification and other contingent obligations that by the terms of this Agreement survive termination and as to which no demand shall have been made or given) and the expiration or termination of all Letters of
Credit (or the cash collateralization thereof on terms satisfactory to the Administrative Agent (with respect to outstanding Syndicated Letters of Credit) or the relevant Fronted LC Issuing Bank (with respect to outstanding Fronted Letters of
Credit)), unless the provisions of this Section 5 are waived or amended in accordance with Section 8.5, the Borrower shall perform all covenants in this Section 5. 

5.1 Financial Statements and Other Reports.  

The Borrower will deliver to the Administrative Agent for distribution to the Lenders: 

(i) Quarterly Financial Statements: within the earlier of (A) five Business Days after the date on which the Borrower is required
to file a quarterly report with the SEC with respect to any Fiscal Quarter ending after the Effective Date and (B) 50 days after the end of such Fiscal Quarter, the unaudited consolidated balance sheet of the Borrower and its Subsidiaries as at the
end of such Fiscal Quarter and the related consolidated statements of income, stockholders’ equity and cash flows of the Borrower and its Subsidiaries for such Fiscal Quarter and for the period from the beginning of the then-current Fiscal Year
to the end of such Fiscal Quarter, setting forth in each case in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year, all in reasonable detail and certified by the chief financial officer of the
Borrower as fairly presenting, in all material respects, the financial condition of the Borrower and its Subsidiaries as at the date indicated and the results of their operations and cash flows for the periods indicated in conformity with GAAP,
subject to changes resulting from audit and normal year-end adjustments; provided that delivery of a quarterly report on Form 10-Q for such Fiscal Quarter shall
be sufficient for purposes of this clause (i) so long as it contains all of the foregoing information; 
 (ii) Annual
Financial Statements: within the earlier of (A) five Business Days after the date on which the Borrower is required to file an annual report with the SEC with respect to any Fiscal Year and (B) 95 days after the end of such Fiscal Year,
(a) the consolidated balance sheets of the Borrower and its Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of income, stockholders’ equity and cash flows of the Borrower and its Subsidiaries for such
Fiscal Year, setting forth 

  
 62 

 
in each case in comparative form the corresponding figures for the previous Fiscal Year, in reasonable detail and certified by the chief financial officer of the Borrower as fairly presenting, in
all material respects, the financial condition of the Borrower and its Subsidiaries as at the date indicated and the results of their operations and cash flows for the periods indicated; and (b) with respect to such consolidated financial
statements, a report thereon of PricewaterhouseCoopers LLP or other independent certified public accountants of recognized national standing selected by the Borrower, and reasonably satisfactory to the Administrative Agent (which report shall be
unqualified as to going concern and scope of audit, and shall state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position of the Borrower and its Subsidiaries as at the dates
indicated and the results of their operations and their cash flows for the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements) and that the examination
by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards) together with a written statement by such independent certified public accountants stating that, in
connection with their audit examination, no knowledge was obtained of any Event of Default under Section 6.2 or Section 6.9 or, if any such Event of Default shall exist, stating the nature and
status thereof (it being understood that such statement shall be limited to the items that independent certified public accountants are permitted to cover in such statements pursuant to the professional standards and customs of the accounting
profession); 
 (iii) [Intentionally Omitted]. 

(iv) Compliance Certificate: together with each delivery of financial statements of the Borrower and its Subsidiaries pursuant to
Section 5.1(i) or (ii), a duly executed and completed Compliance Certificate; 
 (v) Filings:
(a) promptly upon their becoming available, copies of all financial statements, periodic reports (including reports on Form 8-K) and proxy statements filed with, or furnished to, the SEC or sent by the
Borrower to its shareholders (other than its Affiliates) or other security holders, and (b) promptly following the reasonable request of the Administrative Agent or any Lender, a copy of all material information filed by the Borrower with any
Governmental Authority to the Administrative Agent or such Lender; provided, however, that the obligation pursuant to this clause (v) shall be deemed satisfied upon the filing of the relevant document with the SEC, if applicable;

 (vi) Notice of Default, etc.: promptly upon (a) the Borrower becoming aware of the occurrence of any condition or event that
constitutes an Event of Default or Potential Event of Default or notice being given to the Borrower or any of its Subsidiaries with respect thereto, (b) any Person giving any notice to the Borrower or any of its Subsidiaries or taking any other
action with respect to a claimed default or event or condition of the type referred to in Section 7.2, or (c) the occurrence of any event or change that has caused or evidences, either in any case or in the aggregate,
a Material Adverse Effect, an Officer’s Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of
Default, Potential Event of Default, default, event or condition, and what action the Group has taken, is taking and proposes to take with respect thereto; 

(vii) Change in Rating: prompt written notice of any and all changes in the rating given to the Borrower by Moody’s or S&P;

 (viii) Insurance Reports and Filings: 

(a) (1) prompt written notice to the Administrative Agent of the failure by any Insurance Subsidiary to file its Statutory
Statements and any statements referred to in Section 4.3B 

  
 63 

 
or 4.3C and (2) promptly following the filing thereof, a complete copy of any Statutory Statement filed with respect to (A) an Insurance Subsidiary that has Statutory Surplus of
$250,000,000 or more as of the date of such Statutory Statement and (B) the Borrower and its consolidated Insurance Subsidiaries, and (3) promptly following the request of the Administrative Agent or any Lender, a complete copy of any
Statutory Statement and any statements referred to in Section 4.3B or 4.3C to the Administrative Agent or such Lender; 

(b) promptly following the request of the Administrative Agent or any Lender, copies of (1) each material examination
and/or audit report or other similar report, in each case in final and binding form, submitted to any Material Insurance Subsidiary by any Applicable Insurance Regulatory Authority, and (2) all material information which the Lenders may from
time to time reasonably request with respect to the nature or status of any material deficiencies or violations reflected in any such examination, report or other similar report; and 

(ix) Insurance License Notices: promptly following notification thereof from a Governmental Authority, and in any event not later than
five Business Days after receipt of such notice, written notice of the revocation, suspension, termination, non-renewal or limitation of, or the taking of any other action in respect of, any material Insurance
License; 
 (x) Environmental Notices: promptly following receipt thereof, a copy of any letter or request for information received by
the Borrower or any Subsidiary under Section 104 of CERCLA or any comparable state law if the subject matter of such letter or request would reasonably be expected to have or result in a Material Adverse Effect; and 

(xi) Other Information: (a) with reasonable promptness, such other information and data with respect to the Borrower or any of its
Subsidiaries as from time to time may be reasonably requested by the Administrative Agent or any Lender and (b) reasonably promptly following any request therefor, information and documentation reasonably requested by the Administrative Agent
or any Lender for purposes of compliance with applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation. 

5.2 Books and Records. 
 (i) The
Borrower will, and will cause each other Group Member to, (i) keep proper books of records and account in which full, true and correct entries in all material respects in conformity with GAAP and SAP, as applicable, consistently applied shall
be made of all material dealings and transactions in relation to its business and activities; and (ii) permit representatives and agents of the Administrative Agent (and, during the existence of an Event of Default, any Lender) to visit and
inspect any of its properties or assets and examine and make abstracts from any of its books and records, upon reasonable prior notice during normal business hours and as often as may reasonably be desired, and to discuss the business, operations,
properties and financial and other condition of the Borrower and its Subsidiaries with officers and employees of the Borrower and its Subsidiaries; provided that, notwithstanding anything to the contrary contained herein, unless an Event of
Default or Potential Event of Default has occurred and is continuing, such visits and inspections shall be limited to not more than one visit and inspection in any Fiscal Year. The Borrower and its Subsidiaries shall pay the reasonable cost of any
such visit, inspection, examination or discussion if an Event of Default or Potential Event of Default exists at the time thereof or is discovered as a result thereof (but shall have no responsibility therefor under any circumstance). 

  
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 5.3 Existence. 

Except as otherwise permitted by Section 6.6, the Borrower will, and will cause each Material Subsidiary to, at all
times preserve and keep in full force and effect (a) its existence and (b) all rights, privileges, licenses (including Insurance Licenses) and franchises material to its business, except, solely in the case of this clause (b), where the
failure to do so would not reasonably be expected to have a Material Adverse Effect; provided that the Borrower shall not be required to preserve the existence of any Subsidiary, or any such right, privilege, license or franchise of the
Borrower or such Subsidiary if the board of directors (or similar governing body) of the Borrower or such Subsidiary shall determine that the preservation of such existence, right, privilege, license or franchise is no longer desirable in the
conduct of the business of such Person, and that the loss thereof or dissolution (as the case may be) is not disadvantageous in any material respect to the Borrower, such Subsidiary or the Lenders. 

5.4 Insurance. 
 The Borrower will
maintain or cause to be maintained, with financially sound and reputable insurers, such public liability insurance, third party property damage insurance and casualty insurance with respect to liabilities, losses or damage in respect of the assets,
properties and businesses of the Group as may customarily be carried or maintained under similar circumstances by Persons of established reputation engaged in similar businesses, in each case in such amounts (giving effect to self-insurance), with
such deductibles, covering such risks and otherwise on such terms and conditions as shall be customary for such Persons. 
 5.5 Payment of Taxes
and Claims. 
 The Borrower will, and will cause each other Group Member to, pay (a) all Taxes imposed upon it or any of its
properties or assets or in respect of any of its income, businesses or franchises before any material penalty or fine accrues thereon and (b) all claims (including claims for labor, services, materials and supplies) for sums that have become
due and payable and that by law have or may become a Lien upon any of its properties or assets, prior to the time when any material penalty or fine shall be incurred with respect thereto, in each case, except for any nonpayment which would not
reasonably be expected to have a Material Adverse Effect; provided that no such Tax or claim need be paid if it is being contested in good faith by appropriate proceedings and adequate reserve or other appropriate provision, as shall be
required in conformity with GAAP, shall have been made therefor. 
 5.6 Compliance with Laws. 

The Borrower will, and will cause each other Group Member to, comply with the requirements of all applicable laws, rules, regulations and
orders of any Governmental Authority (including all Environmental Laws), noncompliance with which would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. The Borrower will maintain in effect and enforce
policies and procedures reasonably designed to ensure compliance by each Group Member and their respective directors, officers, employees and agents with Anti-Corruption Laws, Anti-Money Laundering Laws and applicable Sanctions. 

5.7 Use of Proceeds. 
 A.
Use of Credit Extensions. The Borrower will use the proceeds of the Loans made hereunder and the Letters of Credit issued hereunder for general corporate purposes of the Borrower and its Subsidiaries. The Borrower will not request any
Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that each other Group Member and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit
(i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or
facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

  
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 B. Margin Regulations. The Borrower will not permit any part of the proceeds
of the Loans made to the Borrower to be used, directly or indirectly, to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or for any purpose that violates, or is inconsistent
with, the provisions of Regulation T, U or X of the FRB. 
 5.8 Guarantee. 

All obligations under the Revolving Credit Facility shall be guaranteed by each existing and future Subsidiary of the Borrower (other than any
Foreign Subsidiary or Foreign Subsidiary HoldCo or any Managed Vehicle) in each case pursuant to this clause (b) to the extent that (i) such Subsidiary incurs, borrows or Guarantees any committed or outstanding Material Indebtedness
(other than intercompany Indebtedness among Group Members) or (ii) the Administrative Agent and the Borrower otherwise agree that such Subsidiary should become a Guarantor. On the date on which any Subsidiary is required to provide a Guarantee
pursuant to this Section 5.8, such Guarantor shall deliver to the Administrative Agent a Guarantee Agreement, duly executed by such Guarantor, together with documents corresponding to those set forth in Sections
3.1A(i), (ii), (iii), (v), 3.1B (to the extent reasonably required by the Administrative Agent from counsel reasonably acceptable to it) and 3.1D, in each case to be applicable to such Guarantor. 

The Credit Parties will, and will cause each of their Subsidiaries to, execute any and all further documents, agreements and instruments, and
take all such further actions that may be required under any applicable law, or that the Administrative Agent may reasonably request, including the execution of Guarantee Agreements pursuant to this Section 5.8, or
otherwise to give effect to the provisions of this Section 5.8, all at the reasonable expense of the Credit Parties. 

SECTION 6. NEGATIVE COVENANTS 
 The
Borrower covenants and agrees that, so long as the Commitments hereunder shall remain in effect and until payment in full of all of the Loans and all other Obligations (other than indemnification and other contingent obligations that by the terms of
this Agreement survive termination and as to which no demand shall have been made or given) and the expiration or termination of all Letters of Credit (or the cash collateralization thereof on terms satisfactory to the Administrative Agent (with
respect to outstanding Syndicated Letters of Credit) or the relevant Fronted LC Issuing Bank (with respect to outstanding Fronted Letters of Credit)), unless the provisions of this Section are waived or amended in accordance with
Section 8.5, the Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 6. 

6.1 Liens. 
 The Borrower shall
not, and shall not permit any other Group Member to, directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property or asset of any kind of the Credit Parties, whether now owned or hereafter acquired, or
any income or profits therefrom, except: 
 (i) Liens existing on the Effective Date securing Indebtedness and listed on Schedule 6.1
and Liens on assets of Foreign Subsidiaries in favor of any Credit Party or one of its Subsidiaries; 

  
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 (ii) Liens imposed by law for Taxes that are not yet required to be paid pursuant to
Section 5.5; 
 (iii) statutory Liens of landlords, banks (and rights of
set-off), of carriers, warehousemen, mechanics, repairmen, workmen and material men, and other Liens imposed by law, in each case incurred in the ordinary course of business for amounts not yet overdue or for
amounts that are overdue and that (in the case of any such amounts overdue for a period in excess of five days) are being contested in good faith by appropriate proceedings, so long as such reserves or other appropriate provisions, if any, as shall
be required by GAAP shall have been made for any such contested amounts; 
 (iv) deposits made in the ordinary course of business in
connection with workers’ compensation, unemployment insurance and other types of social security, or to secure the performance of tenders, statutory obligations, surety and appeal bonds, bids, leases, government contracts, performance and return-of-money bonds, Reinsurance Agreements, Retrocession Agreements and other similar obligations (exclusive of obligations for the payment of borrowed money) incurred in
the ordinary course of business; 
 (v) Liens on pledges or deposits of cash or securities made by any Insurance Subsidiary as a condition to
obtaining or maintaining any licenses issued to it by any Applicable Insurance Regulatory Authority; 
 (vi) easements, rights-of-way, restrictions, encroachments, and other minor defects or irregularities in title to real property, in each case which do not and will not, individually or in the
aggregate, interfere in any material respect with the use or value thereof; 
 (vii) any interest or title of a lessor or sublessor under any
operating or true lease of real estate entered into by the Borrower or one of its Subsidiaries in the ordinary course of its business covering only the assets so leased; 

(viii) Liens created pursuant to Finance Leases; provided that (a) such Liens are only in respect of the property or assets subject
to, and secure only, such Finance Leases and (b) the sum of (1) the aggregate amount of Indebtedness secured by such Liens and (2) the aggregate amount of Indebtedness secured by Liens permitted by clause (ix) below does
not exceed $75,000,000 at any time outstanding; 
 (ix) purchase money Liens in real property, improvements thereto or equipment hereafter
acquired (or, in the case of improvements, constructed) by the Borrower or one of its Subsidiaries; provided that (a) the sum of (1) the aggregate amount of Indebtedness secured by such Liens and (2) the aggregate amount of
Indebtedness secured by Liens permitted by clause (viii) above does not exceed $75,000,000 at any time outstanding, (b) such Lien is incurred, and the Indebtedness secured thereby is created, within ninety (90) days after such
acquisition (or construction), (c) the Indebtedness secured thereby does not exceed 100% of the lesser of the cost or the fair market value of such real property, improvements or equipment at the time of such acquisition (or construction) and
(d) such Lien does not apply to any other property or assets of the Group; 
 (x) Liens given to secure the obligations of an Insurance
Subsidiary under Reinsurance Agreements, Retrocession Agreements and other similar obligations (other than obligations for the payment of borrowed money), incurred by such Insurance Subsidiary in the ordinary course of business; 

(xi) Liens securing judgments that do not constitute an Event of Default under Section 7.8; 

  
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 (xii) Liens that are contractual rights of set-off
(a) relating to the establishment of depository relations with banks not given in connection with the issuance of Indebtedness or (b) relating to pooled deposit or sweep accounts of the Borrower or any of its Subsidiaries to permit
satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Group; 
 (xiii) leases, subleases,
licenses or sublicenses (including the provision of software or the licensing of other intellectual property rights), in each case, granted to others in the ordinary course of business that do not have an material adverse impact on the business of
the Borrower and its Subsidiaries, taken as a whole; 
 (xiv) Liens on property or assets of any Person, or the Capital Stock of such Person,
that becomes a Group Member after the Effective Date; provided that such Liens are in existence at the time such Person becomes a Group Member and were not created in anticipation thereof; 

(xv) Liens given to secure the obligations in respect of the Warranty Business (other than obligations for the payment of borrowed money)
incurred by any Credit Party or any Subsidiary in the ordinary course of business; 
 (xvi) Liens securing
Non-Recourse Indebtedness; 
 (xvii) Liens on Cash and Cash Equivalents securing obligations of any
Group Member arising under (x) Swap Agreements entered into for the reduction of the ordinary course of business risks and not for speculative purposes and (y) Swap Agreements that comprise a portion of the investment portfolio of the
Borrower or its Subsidiaries (other than those described in clause (x)); provided that the aggregate outstanding obligations secured by Liens in reliance of this clause (y) does not exceed 5.0% of Consolidated Adjusted Net
Worth at any time of determination; 
 (xviii) cash held in escrow in compliance with requirements of the State of New York Insurance
Department’s Circular Letter No. 33 (1979); 
 (xix) Liens (A) on cash advances or escrow deposits in favor of a seller of any
asset or property to be acquired by the Borrower or any of its Subsidiaries, or (B) consisting of an agreement to dispose of any asset property in a disposition by any Group Member not otherwise prohibited hereunder; 

(xx) [intentionally omitted]; 

(xxi) [intentionally omitted]; 

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

(xxiii) Liens on specific items of inventory or other goods and the proceeds thereof of any Person securing such Person’s obligations
under any agreement to facilitate the purchase, shipment or storage of such inventory or other goods, and pledges or deposits in the ordinary course of business securing inventory purchases from vendors; 

(xxiv) Liens arising out of conditional sale, title retention, consignment or similar arrangements for sale or purchase of goods entered into
in the ordinary course of business; 
 (xxv) Liens relating to purchase orders and other agreements entered into with customers in the
ordinary course of business; 

  
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 (xxvi) Liens arising under escrows, trusts, custodianships, separate accounts, funds
withheld procedures, and similar deposits, arrangements established with respect to insurance policies, annuities, guaranteed investment contracts and similar products underwritten by, or Reinsurance Agreements entered into by, any Insurance
Subsidiary in the ordinary course of business in connection with any Reinsurance Agreement entered into with another Insurance Subsidiary; 

(xxvii) other Liens (in addition to Liens permitted under clauses (i) through (xxvi) above) securing Indebtedness of the Borrower or any
of its Subsidiaries; provided that upon incurrence of such Indebtedness, the Borrower shall be in compliance with Section 6.2; and 

(xxviii) other Liens (in addition to Liens permitted under clauses (i) through (xxvii) above); provided, that the outstanding face amount
of obligations secured by such Liens existing in reliance of this clause (xxviii) shall not exceed 2.5% of Consolidated Adjusted Net Worth at any time of determination. 

Notwithstanding any of the foregoing exceptions other than clause (xiv) above, the Borrower will not, and will not permit any other Group Member
to, create, incur, assume or suffer to exist any Lien upon the Capital Stock of any of its Subsidiaries owned by the Borrower or any other Group Member or upon any Indebtedness owed to such Subsidiary by another Group Member; provided
that, this Section 6.1 shall not restrict any Group Member from entering into any agreement relating to the sale of Capital Stock of any Subsidiary that contains restrictions on such Group Member or such Subsidiary
granting any Lien upon, or transferring or otherwise disposing of, such Capital Stock pending such sale. 
 6.2 Priority Indebtedness. 

Priority Indebtedness shall not at any time exceed 10% of Consolidated Adjusted Net Worth. 

6.3 [Intentionally Omitted]. 
 6.4
Restrictions on Subsidiary Distributions. 
 The Borrower shall not, and shall not permit any other Group Member to, create or
otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind that limits in any material respect the ability of any Subsidiary to (a) pay dividends or make any other distributions on any of such
Subsidiary’s Capital Stock owned by the Borrower or any other Subsidiary, (b) repay or prepay any Indebtedness owed by such Subsidiary to the Borrower or any other Subsidiary, (c) make loans or advances to the Borrower or any other
Subsidiary or (d) transfer any of its property or assets to the Borrower or any other Subsidiary, in each case pursuant to any agreement that is material to the Borrower and its Subsidiaries taken as a whole, and that adversely affects,
directly or indirectly, the repayment of the Obligations, other than restrictions under (i) this Agreement, (ii) agreements evidencing Indebtedness secured by Liens permitted by Section 6.1(xxvii) that impose
restrictions on the property so acquired, (iii) any applicable law, rule or regulation or the Organizational Documents of such Subsidiary, (iv) any order from or agreement with an Applicable Insurance Regulatory Authority or any other
instrument or agreement as described on Schedule 6.4, (v) any order from or agreement with an Applicable Insurance Regulatory Authority arising after the Effective Date which would not reasonably be expected to result in a Material Adverse
Effect, (vi) customary provisions restricting assignments, subletting or other transfers contained in leases, licenses, Joint Venture agreements and similar agreements entered into in the ordinary course of business and (vii) customary
restrictions and conditions in any agreement relating to the sale of assets pending such sale. 

  
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 6.5 Restricted Payments. 

The Borrower shall not, and shall not permit any other Group Member to, directly or indirectly, declare, order, pay, make or set apart any sum
for any Restricted Payment if an Event of Default exists or would result therefrom; provided that any Subsidiary may at any time make Restricted Payments to its parent if such parent is the Borrower or a wholly-owned Subsidiary of the
Borrower. Notwithstanding anything to the contrary contained herein, (i) the Borrower shall cause its Subsidiaries to make Restricted Payments in a timely manner to the Borrower necessary to enable the Borrower to repay the Obligations in
accordance with this Agreement and (ii) if such Restricted Payments are not sufficient to enable the Borrower to repay the Obligations in accordance with this Agreement, the Borrower will use its reasonable best efforts to obtain the approvals
of any Governmental Authority to permit its Insurance Subsidiaries to make Restricted Payments to the Borrower in an amount sufficient for the Borrower to repay such Obligations. 

6.6 Restriction on Fundamental Changes and Asset Sales. 

The Borrower will not consolidate or merge with or into, or convey or transfer (or permit the conveyance or transfer of) all or substantially
all of the properties and assets of the Group (taken as a whole) to, any other Person unless (i) the surviving or acquiring entity (A) is a Person organized under the laws of the United States or any state thereof, (B) if other than
the Borrower, expressly assumes the performance of the applicable Obligations pursuant to documentation reasonably satisfactory to the Administrative Agent and (C) after giving effect to such transaction, will have ratings on its senior,
unsecured, non-credit-enhanced debt of at least BBB by S&P and Baa3 by Moody’s and (ii) immediately after giving effect to such transaction, no Event of Default or Potential Event of Default
exists. 
 6.7 [Intentionally Omitted]. 

6.8 Transactions with Affiliates. 

The Borrower shall not, and shall not permit any other Group Member to, directly or indirectly, enter into or permit to exist any transaction
(including the purchase, sale, lease or exchange of any property or the rendering of any service or the making of any intercompany loan) with any Affiliate of any Group Member, except on fair and reasonable terms that are no less favorable to such
Group Member, as the case may be, than those that might be obtained at the time in a comparable arm’s length transaction from a Person that is not an Affiliate; provided that the foregoing restriction shall not apply to (a) any
transaction between Group Members, in each case to the extent otherwise permitted under the other provisions of Section 6; (b) reasonable and customary fees paid to members of the board of directors (or similar governing body) of the Borrower
and its Subsidiaries; (c) compensation arrangements for officers and other employees of the Borrower and its Subsidiaries entered into in the ordinary course of business; (d) transactions described in Schedule 6.8, (e) transactions entered
into in connection with an acquisition permitted by Section 6.3 and that are not material to the business, operations, properties or financial condition of the Group, taken as a whole and (f) transactions with a value not in excess of
$75,000,000 in the aggregate. 
 6.9 Financial Covenants. 

(i) Maximum Consolidated Total Debt to Capitalization Ratio. The Consolidated Total Debt to Capitalization Ratio as of the last day of
any Fiscal Quarter shall not exceed 0.35 to 1.0 for any such Fiscal Quarter. 
 (ii) Minimum Consolidated Adjusted Net Worth. The
Consolidated Adjusted Net Worth shall not be less than the sum of (x) $4,202,000,000, (y) 25% of Consolidated Net Income of the Borrower and its Subsidiaries for each Fiscal Quarter ending after December 31, 2021 for which Consolidated Net
Income (measured at the end of each such Fiscal Quarter) is a positive amount and (z) 

  
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25% of the net cash proceeds received by the Borrower or any of its Subsidiaries after the Effective Date from any capital contribution to, or issuance of any Capital Stock, Disqualified Capital
Stock and Hybrid Securities (but only to the extent such Capital Stock, Disqualified Capital Stock and Hybrid Securities are included, at the time of issuance thereof, in Consolidated Adjusted Net Worth pursuant to the definition thereof) of, the
Borrower or any Subsidiary (but excluding any issuance by a Subsidiary to the Borrower or to a wholly-owned Subsidiary, and any capital contribution by the Borrower or a Subsidiary to a wholly-owned Subsidiary). 

SECTION 7. EVENTS OF DEFAULT 
 If any
of the following conditions or events (“Events of Default”) shall occur: 
 7.1 Failure to Make Payments When Due. 

(i) Failure by the Borrower to pay any installment of principal of the Loan or any reimbursement obligation in respect of any LC Disbursement
when due, whether at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; or (ii) failure by the Borrower to pay any interest on the Loan or LC Disbursement or any fee or any other amount
due under this Agreement within three Business Days after the date due; or 
 7.2 Default in Other Agreements. 

(i) Failure of the Borrower or any of its Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect
of one or more items of Material Indebtedness beyond the end of any grace period provided therefor, if any; or (ii) breach or default by the Borrower or any of its Subsidiaries with respect to any other material term of (a) one or more
items of such Material Indebtedness or (b) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Material Indebtedness, in each case beyond the end of any grace period provided therefor, if any, if the effect of
such breach or default is to cause, or to permit the holder or holders of such Material Indebtedness (or a trustee on behalf of such holder or holders) to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its
stated maturity or the stated maturity of any underlying obligation, as the case may be; or 
 7.3 Breach of Certain Covenants. 

Failure of the Borrower to perform or comply with any term or condition contained in Section 5.1(vi),
Section 5.3 (with respect to the existence of the Borrower only), Section 5.7, Section 5.8 or Section 6; or 

7.4 Breach of Warranty. 
 Any
representation, warranty, certification or other statement made by any Credit Party in any Loan Document, or by the Borrower or any of its Subsidiaries in any statement or certificate at any time given by the Borrower or any such Subsidiary in
writing pursuant hereto or thereto, or in connection herewith or therewith shall be false in any material respect on the date as of which made; or 

7.5 Other Defaults Under Loan Documents. 

Any Credit Party shall default in the performance of or compliance with any term contained in this Agreement or any of the other Loan Documents
to which it is a party, in each case other than any such term referred to in any other subsection of this Section 7, and such default shall not have been remedied or waived within 30 days after receipt by the Borrower of
notice from the Administrative Agent of such default; or 

  
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 7.6 Involuntary Bankruptcy; Appointment of Receiver, etc. 

(i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Borrower, any Credit Party or any Material
Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any
applicable federal or state law; or (ii) an involuntary case shall be commenced against the Borrower, any Credit Party or any Material Subsidiary under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now
or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Borrower, any Credit Party or
any Material Subsidiary, or over all or a substantial part of their respective property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian of the Borrower, any Credit
Party or any Material Subsidiary for all or a substantial part of their respective property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Borrower, any Credit
Party or any Material Subsidiary, and any such event described in this clause (ii) shall continue for 60 days unless dismissed, bonded or discharged; or 

7.7 Voluntary Bankruptcy; Appointment of Receiver, etc. 

(i) The Borrower, any Credit Party or any Material Subsidiary shall have an order for relief entered with respect to it or commence a voluntary
case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, or shall consent to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case
to a voluntary case, under any such law, or shall consent to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or the Borrower, any Credit Party or any Material
Subsidiary shall make any assignment for the benefit of creditors; or (ii) the Borrower, any Credit Party or any Material Subsidiary shall be unable, or shall fail generally, or shall admit in writing their respective inability, to pay its
debts as such debts become due; or the board of directors (or similar governing body) of the Borrower, any Credit Party or any Material Subsidiary (or any committee thereof) shall adopt any resolution or otherwise authorize any action to approve any
of the actions referred to in this Section 7.7 or in Section 7.6; or 
 7.8 Judgments and
Attachments. 
 Any money judgment, writ or warrant of attachment or similar process involving in excess in the aggregate of $150,000,000
which is not adequately covered by insurance as to which a solvent and unaffiliated insurance company has acknowledged coverage shall be entered or filed against the Borrower or any of its Subsidiaries, or any of their respective assets, and shall
remain undischarged, unvacated, unbonded or unstayed for a period of 60 days (or in any event later than five days prior to the date of any proposed sale thereunder); or 

7.9 Dissolution. 
 Any order,
judgment or decree shall be entered against any Credit Party or any Material Subsidiary decreeing the dissolution or split up of such Person; or 

  
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 7.10 Employee Benefit Plans. 

There shall occur one or more ERISA Events which individually or in the aggregate results in or is reasonably be expected to result in
liability of the Borrower, any Subsidiary or any ERISA Affiliate in excess of $150,000,000 during the term of this Agreement; or 
 7.11 Change of
Control. 
 A Change of Control shall occur; or 

7.12 Repudiation of Obligations. 

At any time after the execution and delivery thereof, (i) this Agreement for any reason shall cease to be in full force and effect (other
than by reason of the satisfaction in full of the Obligations) or shall be declared null and void or (ii) any Credit Party shall contest the validity or enforceability of any Loan Document to which it is a party or deny in writing that it has
any further liability under any Loan Document to which it is a party; or 
 7.13 Insurance Licenses. 

Any one or more Insurance Licenses shall be suspended, revoked, terminated, not renewed or limited, or any other action shall be taken by a
Governmental Authority, in each case which would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect; 

7.14 Guarantee Agreement. 
 Any
Guarantee Agreement shall fail to remain in full force or effect or any action shall be taken by any Credit Party to discontinue or to assert the invalidity or unenforceability of such Guarantee Agreement, or any Credit Party shall deny that it has
any further liability under such Guarantee Agreement to which it is a party, or shall give notice to such effect. 
 THEN (i) upon the
occurrence of any Event of Default described in Section 7.6, Section 7.7 or Section 7.9 (but in each such case solely with regards to the Borrower) the Commitments shall
automatically terminate and each of the unpaid principal amount of and accrued interest on the Loans and all other Obligations shall automatically become immediately due and payable, in each case, without presentment, demand, protest or other
requirements of any kind, all of which are hereby expressly waived by the Borrower and each Credit Party party to any Loan Document and (ii) upon the occurrence and during the continuation of any other Event of Default, the Administrative Agent
shall, upon the written request or with the written consent of the Requisite Lenders, by notice to the Borrower, (a) in the case of an Event of Default which has occurred and is continuing pursuant to Section 7.1(ii)
with respect to non-payment of fees due under this Agreement, terminate the Commitments, (b) declare all or any portion of the amounts described in clause (i) above to be, and the same shall
forthwith become, immediately due and payable and/or (c) demand provision of cash collateral from the Borrower pursuant to Section 2.10F. 

SECTION 8. MISCELLANEOUS 
 8.1 Assignments
and Participations in Loans and Notes. 
 A. Right to Assign. Each Lender shall have the right at any time to sell, assign
or transfer all or a portion of its rights and obligations under this Agreement to one or more Persons which are Eligible Assignees at the time of such sale, assignment or transfer, including all or a portion of its Commitment, Loans owing to it,
interests and/or obligations in respect of Letters of Credit or other Obligations (provided that each such assignment shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any Loan and any
related Commitment) with the prior written consent (such consent not to be unreasonably withheld, conditioned or delayed) of: 

  
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 (i) the Borrower, provided that (x) no consent of the Borrower shall be required
for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an Event of Default has occurred and is continuing, any other assignee and (y) the Borrower shall be deemed to have consented to any such sale, assignment or
transfer unless it shall object thereto by written notice to the Administrative Agent within five Business Days after having received notice thereof; 

(ii) the Administrative Agent, unless a Loan is being assigned to any existing Lender, an Affiliate thereof or an Approved Fund; and 

(iii) each Fronted LC Issuing Bank; 

provided, further, that each such partial assignment pursuant to this Section 8.1A shall be in an aggregate amount of
not less than $5,000,000 (or such lesser amount as may be agreed to by the Borrower (unless an Event of Default has occurred and is continuing) and the Administrative Agent or as shall constitute the aggregate amount of the Commitment, Loans and
interests in Letters of Credit of the assigning Lender). 
 B. Requirements. The assigning Lender and the assignee thereof
shall execute and deliver to the Administrative Agent an Assignment Agreement, together with (i) a processing and recordation fee of $3,500 (paid by the assigning Lender or the assignee), and (ii) such forms, certificates or other
evidence, if any, with respect to United States federal income tax withholding matters as the assignee under such Assignment Agreement may be required to deliver to the Administrative Agent pursuant to Section 2.5B(iii) as
if such assignee was a Lender pursuant to that Section. 
 C. Acceptance and Notice of Assignment. Upon its receipt of a duly
executed and completed Assignment Agreement, together with the processing and recordation fee referred to in Section 8.1B (and any form, certificate or other evidence required by this Agreement in connection therewith), the
Administrative Agent shall record the information contained in such Assignment Agreement in the Register, shall give prompt notice thereof to the Borrower and shall maintain a copy of such Assignment Agreement. 

D. Effect of Assignment. Subject to the terms and conditions of this Section 8.1, as of the
“Effective Date” specified in the applicable Assignment Agreement: (i) the assignee thereunder shall have the rights and obligations of a “Lender” hereunder to the extent such rights and obligations hereunder have been
assigned to it pursuant to such Assignment Agreement and shall thereafter be a party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have
been assigned thereby pursuant to such Assignment Agreement, relinquish its rights (other than any rights which survive the termination hereof under Section 8.8) and be released from its obligations hereunder (and, in the
case of an Assignment Agreement covering all or the remaining portion of an assigning Lender’s rights and obligations hereunder, such Lender shall cease to be a party hereto; provided that, anything contained in any of the Loan Documents
to the contrary notwithstanding, such assigning Lender shall continue to be entitled to the benefit of all indemnities hereunder as specified herein with respect to matters arising out of the prior involvement of such assigning Lender as a Lender
hereunder); (iii) the Commitments shall be modified to reflect the Commitments of such assignee and of such assigning Lender, if any; and (iv) if any such assignment occurs after the issuance of any Note hereunder, the assigning Lender shall,
upon the effectiveness of such assignment or as promptly thereafter as practicable, surrender its applicable Notes to the Administrative Agent for cancellation, and thereupon the Borrower shall issue and deliver a new Note, if so requested by the
assignee and/or assigning Lender, to such assignee and/or to such assigning Lender, with appropriate insertions, to reflect the new Commitments and/or outstanding Loans of the assignee and/or the assigning Lender. 

  
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 E. Certain Other Permitted Assignments. In addition to any other assignment
permitted pursuant to this Section 8.1, any Lender may assign and/or pledge all or any portion of its Loans, the other Obligations owed by or to such Lender, and its Notes, if any, to secure obligations of such Lender, to
any Person, including any Federal Reserve Bank or any other central bank having authority over such Lender, as collateral security pursuant to Regulation A of the FRB and any operating circular issued by such Federal Reserve Bank or other central
bank; provided that no Lender, as between the Borrower and such Lender, shall be relieved of any of its obligations hereunder as a result of any such assignment and/or pledge or substitute any such pledgee or assignee for such Lender as a
party hereto. 
 F. Assignment to a Special Purpose Funding Vehicle. Notwithstanding anything to the contrary contained herein,
any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle (a “SPFV”), identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower, the option to
provide to the Borrower all or any part of any Loan that such Granting Lender would otherwise be obligated to make to the Borrower pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPFV to
make any Loan, (ii) if an SPFV elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by an SPFV
hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Each party hereto hereby agrees that no SPFV shall be liable for any indemnity or similar payment obligation
under this Agreement (all liability for which shall remain with the Granting Lender). In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is
one year and one day after the payment in full of all outstanding commercial paper or other senior Indebtedness of any SPFV, it will not institute against, or join any other person in instituting against, such SPFV any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings under the laws of the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in this Section 8.1G, any SPFV may (i) with
notice to, but without the prior written consent of, the Borrower and the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to the Granting Lender or to any financial
institutions (consented to by the Borrower and Administrative Agent) providing liquidity and/or credit support to or for the account of such SPFV to support the funding or maintenance of Loans and (ii) disclose on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPFV. 

G. Participations. Each Lender shall have the right at any time to sell one or more participations to any Person (other than an
Ineligible Institution) in all or any part of its Commitment, Loans, interests and/or obligations in respect of its other Obligations. The holder of any such participation, other than an Affiliate of the Lender granting such participation, shall not
be entitled to require such Lender to take or omit to take any action hereunder except with respect to any amendment, modification or waiver that would (i) extend the final scheduled maturity of any Loan or Note in which such participant is
participating, or reduce the rate or extend the time of payment of interest or fees thereon (except in connection with a waiver of applicability of any post default increase in interest rates) or reduce the principal amount thereof, or increase the
amount of the participant’s participation over the amount thereof then in effect (it being understood that a waiver of any Event of Default or of a mandatory reduction in the Commitments shall not constitute a change in the terms of such
participation, and that an increase in any Commitment or Loan shall be permitted without the consent of any participant if the participant’s participation is not increased as a result thereof) or (ii) consent to the assignment or transfer
by the Borrower of any of its rights and obligations under this Agreement. The Borrower agrees that each participant shall 

  
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be entitled to the benefits of Sections 2.6C and 2.5 (subject to the requirements and limitations therein, including the requirements under
Section 2.5B(iii)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 8.1A; provided that a participant shall not be entitled to
receive any greater payment under Section 2.5 than the applicable Lender would have been entitled to receive with respect to the participation sold to such participant, except to the extent such entitlement to receive a
greater payment results from a Change in Law that occurs after the participant acquired the applicable participation. To the extent permitted by law, each participant also shall be entitled to the benefits of Section 8.4 as
though it were a Lender, provided such Participant agrees to be subject to Section 8.18 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
Commitments and the Loans under this Agreement (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity
of any participant or any information relating to a participant’s interest in any Commitments, Loans, Letters of Credit or its other obligations under any Loan Document) 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 or
Section 1.163-5(b) of the Proposed United States Treasury Regulations (or, in each case, any amended or successor version). 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. 

8.2 Expenses. 
 Whether or not the
transactions contemplated hereby shall be consummated, the Borrower agrees to pay promptly (i) all actual, documented and reasonable costs and out-of-pocket
expenses incurred by each Arranger and each Agent in connection with the syndication of this Agreement and the negotiation, preparation and execution of the Loan Documents and the transactions contemplated thereby, including charges for the use of
IntraLinks; (ii) all the costs of furnishing all opinions by counsel for the Borrower; (iii) the reasonable and documented fees, out-of-pocket expenses and
disbursements of counsel to the Arrangers and the Agents in connection with the negotiation, preparation and execution of the Loan Documents and any other documents or matters requested by the Borrower; (iv) all actual, documented and
reasonable costs and out-of-pocket expenses incurred by the Administrative Agent in connection with any consents, amendments, waivers or other modifications of the Loan
Documents (including the reasonable fees, out-of-pocket expenses and disbursements of counsel to the Administrative Agent in connection therewith); and (v) after
the occurrence of an Event of Default, all costs and expenses, including reasonable attorneys’ fees and costs of settlement, incurred by either Arranger, any Agent or Lender in enforcing any Obligations of or in collecting any payments due from
the Borrower hereunder or under the other Loan Documents by reason of such Event of Default (including in connection with the sale of, collection from, or other realization upon any collateral) or in connection with any refinancing or restructuring
of the credit arrangements provided under this Agreement in each case in the nature of a “work-out” or pursuant to any insolvency or bankruptcy cases or proceedings. 

8.3 Indemnity. 
 A. In
addition to the payment of expenses pursuant to Section 8.2, whether or not the transactions contemplated hereby shall be consummated, the Borrower agrees to defend (subject to Indemnitees’ selection of counsel),
indemnify, pay and hold harmless each of the Arrangers and Agents, each Fronted LC Issuing Bank and each Lender, and the respective partners, officers, directors, employees, agents, attorneys, other advisors and affiliates of each of the Arrangers
and each of the Agents, each Fronted LC Issuing Bank and each Lender (collectively called the “Indemnitees”), from and against any and all 

  
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Indemnified Liabilities (as hereinafter defined); provided that the Borrower shall not have any obligation to any Indemnitee hereunder with respect to any Indemnified Liabilities to the
extent such Indemnified Liabilities are determined by a final, non-appealable judgment of a court of competent jurisdiction to (i) arise from the gross negligence, bad faith or willful misconduct of that
Indemnitee or any of its Related Indemnitees (as defined below), (ii) result from a material breach by such Indemnitee of its obligations hereunder (as determined pursuant to a claim made by the Borrower) or (iii) arise from any dispute solely
among Indemnitees other than any claims against any Agent or Arranger in its capacity, or in fulfilling its role, as an agent, arranger or any similar role under the Loan Documents and other than any claims arising out of any act or omission on the
part of the Borrower or its Affiliates. As used herein, (i) “Indemnified Liabilities” means, collectively, any and all liabilities, obligations, losses, damages (including natural resource damages), penalties, actions, judgments,
suits, claims (including Environmental Claims), costs, expenses and disbursements of any kind or nature whatsoever (including the reasonable fees and disbursements of counsel for Indemnitees in connection with any investigative, administrative or
judicial proceeding commenced or threatened by any Person, whether or not any such Indemnitee shall be designated as a party or a potential party thereto, and any fees or expenses incurred by Indemnitees in enforcing this indemnity), whether direct,
indirect or consequential and whether based on any federal, state or foreign laws, statutes, rules or regulations (including securities and commercial laws, statutes, rules or regulations and Environmental Laws), on common law or equitable cause or
on contract or otherwise, that may be imposed on, incurred by, or asserted against any such Indemnitee, in any manner relating to or arising out of this Agreement, any Letter of Credit or the other Loan Documents or the transactions contemplated
hereby or thereby (including the Lenders’ agreements to make any Credit Extension hereunder or the use or intended use of the proceeds thereof, or any enforcement of any of the Loan Documents, but shall not include Taxes other than any Taxes
that represent losses, claims or damages arising from a non-tax claim) and (ii) “Related Indemnitee” of an Indemnitee means (1) any Controlling Person or Controlled Affiliate of such
Indemnitee, (2) the respective directors, officers, or employees of such Indemnitee or any of its Controlling Persons or Controlled Affiliates and (3) the respective agents or representatives of such Indemnitee or any of its Controlling
Persons or Controlled Affiliates, in the case of this clause (3), acting on behalf of or at the instructions of such Indemnitee, Controlling Person or such Controlled Affiliate. As used in this Section 8.3A,
“Control” means 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, and the terms
“Controlling” and “Controlled” have meanings correlative thereto. If any claim or proceeding is commenced as to which any of the Indemnitees proposes to demand indemnification, such Indemnitees shall notify the Borrower with
reasonable promptness; provided that any failure to so notify the Borrower shall not relieve any Credit Party from its obligations hereunder except to the extent such failure materially and adversely affects the Borrower. 

B. To the extent that the undertakings to defend, indemnify, pay and hold harmless set forth in this
Section 8.3 may be unenforceable in whole or in part because they are violative of any law or public policy, the Borrower shall contribute the maximum portion that it is permitted to pay and satisfy under applicable law to
the payment and satisfaction of all Indemnified Liabilities incurred by Indemnitees or any of them. 
 C. To the extent permitted by
applicable law, the Borrower and each of its Subsidiaries shall not assert, and each hereby waives, any claim against each of the Arrangers and Agents, each Fronted LC Issuing Bank and each Lender, and the respective partners, officers, directors,
employees, agents, attorneys, other advisors and affiliates of each of the Arrangers and each of the Agents, each Fronted LC Issuing Bank and each Lender (collectively called the “Lender-Related Persons”) for any damages arising
from the use by others of information or other materials obtained through telecommunications, electronic or other information transmission systems (including the Internet) (except to the extent found by a final,
non-appealable judgment of a court of competent jurisdiction to arise from the gross negligence, bad faith or 

  
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willful misconduct of such Lender-Related Person). To the extent permitted by applicable law, no Lender-Related Person nor any of the Credit Parties shall have any Liabilities on any theory of
liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in
connection with, as a result of, or in any way related to, this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein, the transactions contemplated hereby or thereby, any
Credit Extension hereunder or the use of the proceeds thereof or any act or omission or event occurring in connection therewith; provided that nothing contained in this sentence shall limit the Borrower’s indemnity obligations set forth in
Section 8.3A. 
 8.4 Set-Off. 

In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the occurrence
and during the continuance of any Event of Default, each of the Agents and each Lender, and each of their respective Affiliates, is hereby authorized by the Credit Parties at any time or from time to time, without notice to the Credit Parties or to
any other Person, any such notice being hereby expressly waived, to set off and to appropriate and to apply any and all deposits (general or special, including Indebtedness evidenced by certificates of deposit, whether matured or unmatured, but not
including trust accounts) and any other Indebtedness at any time held or owing by such Agent or such Lender, or their respective Affiliates, as the case may be, to or for the credit or the account of the Borrower and its Subsidiaries against and on
account of any obligations and liabilities of the Credit Parties to such Agent or such Lender under this Agreement and the other Loan Documents which are then due and payable, including all claims of any nature or description arising out of or
connected with this Agreement or any other Loan Document, irrespective of whether or not (i) such Agent or such Lender shall have made any demand hereunder or (ii) said obligations and liabilities, or any of them, may be unmatured. Each
Lender agrees that it will promptly notify the Administrative Agent of any exercise of such Lender’s rights pursuant to Section 8.4; provided that no failure of such Lender to deliver such notice shall affect
the rights of such Lender hereunder. 
 8.5 Amendments and Waivers. 

Subject to Section 2.6A(ii) and Section 2.6A(iii), no amendment, modification, termination
or waiver of any provision of this Agreement or of any other Loan Document, or consent to any departure by the Credit Parties therefrom, shall in any event be effective without the written concurrence of the Requisite Lenders; provided that
(A) no amendment, modification, termination, waiver or consent shall, without the consent of each Lender directly affected thereby (i) (x) extend or reduce the scheduled final maturity of any Loan or Note or (y) postpone the scheduled
date of expiration of any Commitment, (ii) waive, reduce or postpone any scheduled repayment (but not prepayment), (iii) reduce the rate of interest on any Loan or any fee or other amount payable hereunder, (iv) extend the time for payment
of any such interest or fees, (v) increase or reduce the principal amount of any Loan or Note, (vi) amend, modify, terminate or waive any provision of this Section 8.5, (vii) amend, modify or replace the
definition of “Requisite Lenders” or “Pro Rata Share”, (viii) amend Section 2.4B in a manner that would alter the ratable reduction of Commitments, (ix) amend Section 2.4C
or Section 8.18 in a manner that would alter the pro rata sharing of payments required thereby or (x) consent to the assignment or transfer by the Credit Parties of any of its rights and obligations under this
Agreement; (B) no such amendment, modification, termination or waiver of any provision of the Loan Documents, or consent to any departure by the Credit Parties therefrom, shall (i) increase the Commitment of any Lender over the amount
thereof then in effect without the consent of such Lender, (ii) amend, modify, terminate or waive any provision of this Agreement as the same applies to the rights or obligations of any Agent, in each case without the consent of such Agent or
(iii) amend, modify, terminate or waive any provision of this Agreement as the same applies to the rights or obligations of any Fronted LC Issuing Bank, in each case without the consent of such Fronted LC Issuing Bank (it

  
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being understood that any change to Section 2.12 shall require the consent of the Administrative Agent (such consent not to be unreasonably withheld, conditioned or
delayed) and each Fronted LC Issuing Bank) and (C) no Guarantor shall be released from its Guarantee under any Guarantee Agreement (except as expressly provided in such Guarantee Agreement or this Agreement) or limit its liability in respect of
such Guarantee without written consent of each Lender; provided, further, that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent or the Fronted LC Issuing Banks without prior
written consent of the Administrative Agent or the Fronted LC Issuing Banks, as the case may be. The Administrative Agent may also amend the Schedule 1.2 to reflect assignments entered into pursuant to Section 8.1.
The Administrative Agent may, but shall have no obligation to, with the concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of such Lender. Any waiver or consent shall be effective only in the specific
instance and for the specific purpose for which it was given. No notice to or demand on the Credit Parties in any case shall entitle the Credit Parties to any other or further notice or demand in similar or other circumstances. 

Notwithstanding the foregoing in this Section 8.5, if the Administrative Agent and the Borrower acting together
identify any ambiguity, omission, mistake, typographical error or other defect in any provision of this Agreement or any other Loan Document, then the Administrative Agent and the Borrower shall be permitted to amend, modify or supplement such
provision to cure such ambiguity, omission, mistake, typographical error or other defect, and such amendment shall become effective without any further action or consent of any other party to this Agreement. 

8.6 Independence of Covenants. 
 All
covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of,
another covenant shall not avoid the occurrence of an Event of Default or a Potential Event of Default if such action is taken or condition exists. 

8.7 Notices. 
 A. Unless otherwise
specifically provided herein, all notices or other communications provided for hereunder shall be in writing (including telecopier or Electronic Systems) and mailed, sent by overnight courier, telecopied,
e-mailed, or delivered to, (i) in the case of the Borrower or the Administrative Agent, at its address, telecopy number or (if any) email address set forth on the signature pages hereto and (ii) in
the case of each Lender and each Fronted LC Issuing Bank, at the address, telecopy number or email address set forth in its Administrative Questionnaire, or, as to each party, at such other address, telecopy number or email address or to such other
person as shall be designated by such party in a written notice to all other parties. Any notice, request or demand to or upon the parties hereto shall not be effective until received. 

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when
received; notices sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for
the recipient). Notices delivered through Approved Electronic Platforms, to the extent provided in Section 8.7B, shall be effective as provided therein. 

B. Notices and other communications to the Lenders and the Fronted LC Issuing Banks hereunder may be delivered or furnished by using
Approved Electronic Platforms pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices 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. 

  
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 Unless the Administrative Agent otherwise prescribes, (i) notices and other
communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function,
as available, return e-mail or other written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended
recipient, at its e-mail address as described in the foregoing clause (i), of notification that such notice or communication is available and identifying the website address therefor; provided
that, for both clauses (i) and (ii) above, if such notice, email 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. 
 C. Any party hereto may change its address (including
e-mail address) or telecopy number for notices and other communications hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the
provisions of this Agreement shall be deemed to have been given on the date of receipt. 
 D. Posting of Communications. 

(i) The Borrower agrees that the Administrative Agent may, but shall not be obligated to, make Communications (as defined below) available to
any Fronted LC Issuing Bank and the Lenders by posting the Communications on DebtDomain, IntraLinks, SyndTrak, ClearPar or a substantially similar Electronic System (the “Approved Electronic Platform”). 

(ii) Although the Approved Electronic Platform and its primary web portal are secured with generally-applicable security procedures and
policies implemented or modified by the Administrative Agent from time to time (including, as of the Effective Date, a user ID/password authorization system) and the Approved Electronic Platform is secured through a
per-deal authorization method whereby each user may access the Approved Electronic Platform only on a deal-by-deal basis, each of
the Lenders, each of the Fronted LC Issuing Banks and the Borrower acknowledges and agrees that the distribution of material through an electronic medium is not necessarily secure, that the Administrative Agent is not responsible for approving or
vetting the representatives or contacts of any Lender that are added to the Approved Electronic Platform, and that there may be confidentiality and other risks associated with such distribution. Each of the Lenders, each of the Fronted Issuing Banks
and the Borrower hereby approves distribution of the Communications through the Approved Electronic Platform and understands and assumes the risks of such distribution. 

(iii) The Approved Electronic Platform and the Communications are provided “as is” and “as available.” The Agent Parties
(as defined below) do not warrant the accuracy or completeness of the Communications or the adequacy of the Approved Electronic Platform and expressly disclaim liability for errors or omissions in the Approved Electronic Platform and 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 any Approved Electronic Platform. In no event shall the Administrative Agent or the Arrangers (or any of their respective Affiliates
or their respective directors, officers, employees, agents, advisors and representatives) (collectively, the “Agent Parties”) have any liability to any Credit Party, any Lender, any Fronted LC Issuing Bank or any other Person or
entity for damages of any kind, including, without limitation, direct or indirect, special, 

  
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incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of the any Credit Party’s or the Administrative Agent’s transmission of
Communications through the internet or the Approved Electronic Platform, except to the extent of direct or actual damages as are determined by a final non-appealable judgment of a court of competent
jurisdiction to have resulted from such Agent Party’s gross negligence or willful misconduct. “Communications” means, collectively, any notice, demand, communication, information, document or other material provided by or on
behalf of the any Credit Party pursuant to any Loan Document or the transactions contemplated therein which is distributed by the Administrative Agent, any Lender or any Fronted LC Issuing Bank by means of electronic communications pursuant to this
Section, including through the Approved Electronic Platform. 
 (iv) Each Lender and each Fronted LC Issuing Bank agrees that notice to it
(as provided in the next sentence) specifying that Communications have been posted to the Approved Electronic Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Loan Documents. Each Lender and
Fronted LC Issuing Bank agrees (i) to notify the Administrative Agent in writing (which could be in the form of electronic communication) from time to time of such Lender’s or Issuing Bank’s (as applicable) email address to which the
foregoing notice may be sent by electronic transmission and (ii) that the foregoing notice may be sent to such email address. 
 (v)
Each of the Lenders, each of the Fronted LC Issuing Banks and the Borrower agrees that the Administrative Agent may, but (except as may be required by applicable law) shall not be obligated to, store the Communications on the Approved Electronic
Platform in accordance with the Administrative Agent’s generally applicable document retention procedures and policies. 
 (vi) Nothing
herein shall prejudice the right of the Administrative Agent, any Lender or any Fronted LC Issuing Bank to give any notice or other communication pursuant to any Loan Document in any other manner specified in such Loan Document. 

8.8 Survival of Representations, Warranties and Agreements. 

A. All representations, warranties and agreements made herein shall survive the execution and delivery of this Agreement and the making
of any Credit Extension hereunder. 
 B. Notwithstanding anything in this Agreement or implied by law to the contrary, the agreements
of the Credit Parties set forth in Sections 2.5, 2.6C, 8.2 and 8.3 and the agreements of the Lenders set forth in Sections 8.17, 8.18, 9.2C and 9.4 shall survive the payment of the Obligations
and the termination of this Agreement. 
 8.9 Failure or Indulgence Not Waiver; Remedies Cumulative. 

No failure or delay on the part of either Arranger, any Agent or any Lender in the exercise of any power, right or privilege hereunder or under
any other Loan Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further
exercise thereof or of any other power, right or privilege. The rights, powers and remedies given to each Arranger, each Agent and each Lender hereby are cumulative and shall be in addition to and independent of all rights, powers and remedies
existing by virtue of any statute or rule of law or in any other Loan Document. Any forbearance or failure to exercise, and any delay in exercising, any right, power or remedy hereunder shall not impair any such right, power or remedy or be
construed to be a waiver thereof, nor shall it preclude the further exercise of any such right, power or remedy. 

  
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 8.10 Marshalling; Payments Set Aside. 

No Agent or Lender shall be under any obligation to marshal any assets in favor of the Credit Parties or any other Person or against or in
payment of any or all of the Obligations. To the extent that the Credit Parties make a payment or payments to the Administrative Agent or the Lenders (or to the Administrative Agent, on behalf of the Lenders) or the Administrative Agent or the
Lenders enforce any security interests or exercises their rights of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set
aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, any other state or federal law, common law or any equitable cause, then, to the extent of such recovery, the obligation or part thereof originally
intended to be satisfied, and all Liens, rights and remedies therefor or related thereto, shall be revived and continued in full force and effect as if such payment or payments had not been made or such enforcement or setoff had not occurred. 

8.11 Severability. 
 In case any provision
in or obligation under this Agreement or the Notes shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other
jurisdiction, shall not in any way be affected or impaired thereby. 
 8.12 Headings. 

Section and subsection headings in this Agreement are included herein for convenience of reference only and shall not constitute a part of this
Agreement for any other purpose or be given any substantive effect. 
 8.13 Applicable Law. 

THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

8.14 Successors and Assigns. 
 This
Agreement shall be binding upon the parties hereto and their respective successors and assigns and shall inure to the benefit of the parties hereto and the successors and assigns of the Agents and the Lenders (it being understood that each
Lender’s rights of assignment are subject to Section 8.1). The Credit Parties may not assign or delegate their respective rights under the Loan Documents or any interest therein without the prior written consent of
each Lender. Nothing in this Agreement or in the other Loan Documents, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and, to the extent
expressly contemplated hereby, Affiliates of each of the Agents and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement or the other Loan Documents. 

8.15 Consent to Jurisdiction and Service of Process. 

ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST THE CREDIT PARTIES ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR ANY
OBLIGATIONS THEREUNDER, MAY BE BROUGHT IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN (OR IF SUCH COURT LACKS SUBJECT MATTER JURISDICTION, THE SUPREME COURT OF THE STATE OF NEW YORK
SITTING IN THE BOROUGH OF MANHATTAN), AND ANY APPELLATE COURT FROM ANY THEREOF, IN 

  
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ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT,
AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY (AND ANY SUCH CLAIMS, CROSS-CLAIMS OR THIRD PARTY CLAIMS BROUGHT AGAINST THE ADMINISTRATIVE AGENT OR ANY OF
ITS RELATED PARTIES MAY ONLY) BE HEARD AND DETERMINED IN SUCH FEDERAL (TO THE EXTENT PERMITTED BY LAW) OR NEW YORK STATE COURT. BY EXECUTING AND DELIVERING THIS AGREEMENT, THE BORROWER, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES,
IRREVOCABLY: 
  

	(I)	 ACCEPTS GENERALLY AND UNCONDITIONALLY THE EXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS;

  

	(II)	 WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; 

 

	(III)	 AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR
CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE BORROWER AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 8.7; 

  

	(IV)	 AGREES THAT SERVICE AS PROVIDED IN CLAUSE (III) ABOVE IS SUFFICIENT TO CONFER PERSONAL
JURISDICTION OVER THE CREDIT PARTIES IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT; 

  

	(V)	 AGREES THAT EACH AGENT AND EACH LENDER RETAINS THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY
LAW OR TO BRING PROCEEDINGS AGAINST THE CREDIT PARTIES IN THE COURTS OF ANY OTHER JURISDICTION; AND 

  

	(VI)	 AGREES THAT THE PROVISIONS OF THIS SECTION 8.15 RELATING TO JURISDICTION AND VENUE SHALL BE BINDING
AND ENFORCEABLE TO THE FULLEST EXTENT PERMISSIBLE UNDER NEW YORK GENERAL OBLIGATIONS LAW SECTION 5-1402 OR OTHERWISE. 

8.16 Waiver of Jury Trial. 
 EACH OF THE
PARTIES TO THIS AGREEMENT HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE
SUBJECT MATTER OF THIS LOAN TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. The scope of this waiver is intended to be all-encompassing of any and all disputes that may be filed in
any court and that relate to the subject matter of this transaction, including contract claims, tort claims, breach of duty claims and all other common law and statutory claims. Each party hereto acknowledges that this waiver is a material
inducement to enter into a business relationship, that each has already relied on this waiver in entering into this Agreement, and that each will continue to rely on this waiver in their related future dealings. Each party hereto further warrants
and represents that it has reviewed this waiver with its legal counsel and that it knowingly and voluntarily waives its jury trial rights following consultation with 

  
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legal counsel. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION
8.16 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS
RELATING TO THE LOANS MADE HEREUNDER. In the event of litigation, this Agreement may be filed as a written consent to a trial by the court. 
 8.17
Confidentiality. 
 Each Lender shall hold all non-public information received by it regarding
the Borrower and its Subsidiaries and their businesses in accordance with such Lender’s customary procedures for handling confidential information of this nature and in accordance with safe and sound banking practices, it being understood and
agreed by the Borrower that, in any event, each Lender may make disclosures (i) to Affiliates of such Lender and its and their respective agents and advisors (and to other persons authorized by a Lender to organize, present or disseminate such
information in connection with disclosures otherwise made in accordance with this Section 8.17) (it being understood that each such person to which such disclosure is made will be informed of the confidential nature of such
information and instructed to keep such information confidential; provided that such Lender shall be responsible for any breach of confidentiality by such person); (ii) reasonably required by any bona fide or potential assignee, transferee or
participant in connection with the contemplated assignment, transfer or participation by any Lender of its Loans or any interest therein or by any direct or indirect contractual counterparties (or professional advisors thereto) to any swap or
derivative transaction relating to the Credit Parties and their respective obligations; provided that, prior to any disclosure, such assignees, transferees, participants, counterparties and advisors are informed of and agree to be bound by
either the provisions of this Section 8.17 or other provisions at least as restrictive as this Section 8.17; (iii) to any rating agency when required by it; provided that, prior to any
disclosure, such rating agency shall undertake in writing to preserve the confidentiality of any confidential information relating to the Borrower or its Subsidiaries received by it from any of the Agents or any Lender; (iv) required or
requested by any governmental agency or representative thereof or by the NAIC or pursuant to legal process; provided that unless specifically prohibited by applicable law or court order, each Lender shall make reasonable efforts to notify the
Borrower of any request by any governmental agency or representative thereof (other than any such request in connection with any examination of the financial condition or other examination of such Lender by such governmental agency) for disclosure
of any such non-public information prior to disclosure of such information; (v) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or
the enforcement of rights hereunder; (vi) to any other party to this Agreement; (vii) with the consent of the Borrower; and (viii) to the extent such information (A) becomes publicly available other than as a result of a breach
of this Section or (B) becomes available to the Administrative Agent, any Fronted LC Issuing Bank or any Lender on a non-confidential basis from a source other than the Borrower; and provided,
further, that in no event shall any Lender be obligated or required to return any materials furnished by the Borrower or any of its Subsidiaries. In addition, the Agents and the Lenders may 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 Agents and the Lenders in connection with the administration and management of this Agreement, the other Loan
Documents, the Commitments, the Loans and the Credit Extensions. 
 EACH LENDER ACKNOWLEDGES THAT THE
NON-PUBLIC INFORMATION DESCRIBED IN THE IMMEDIATELY PRECEDING PARAGRAPH FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING
THE BORROWER AND ITS RELATED PARTIES OR THEIR 

  
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RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL
HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS. 

ALL SUCH INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY THE CREDIT PARTIES OR THE ADMINISTRATIVE AGENT PURSUANT
TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE BORROWER AND ITS RELATED PARTIES OR THEIR RESPECTIVE
SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE CREDIT PARTIES AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW. 
 8.18 Ratable Sharing.

 The Lenders hereby agree among themselves that if any of them shall, whether by voluntary payment (other than a voluntary prepayment
of Loans made and applied in accordance with the terms hereof), through the exercise of any right of set-off or banker’s lien, by counterclaim or cross action or by the enforcement of any right under the
Loan Documents or otherwise, or as adequate protection of a deposit treated as cash collateral under the Bankruptcy Code, receive payment or reduction of a proportion of the aggregate amount of principal, interest, amounts payable in respect of
facility fees or commitment fees and other amounts then due and owing to such Lender hereunder or under the other Loan Documents (collectively, the “Aggregate Amounts Due” to such Lender), which is greater than the proportion
received by any other Lender in respect to of the Aggregate Amounts Due to such other Lender, then the Lender receiving such proportionately greater payment shall (i) notify the Administrative Agent and each other Lender of the receipt of such
payment and (ii) apply a portion of such payment to purchase participations (which it shall be deemed to have purchased from each seller of a participation simultaneously upon the receipt by such seller of its portion of such payment) in the
Aggregate Amounts Due to the other Lenders so that all such recoveries of Aggregate Amounts Due shall be shared by all Lenders in proportion to the Aggregate Amounts Due to them; provided that, if all or part of such proportionately greater
payment received by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of the Credit Parties or otherwise, those purchases shall be rescinded and the purchase prices paid for such participations
shall be returned to such purchasing Lender ratably to the extent of such recovery, but without interest. The Borrower and each of its Subsidiaries expressly consents to the foregoing arrangement and agrees that any holder of a participation so
purchased may exercise any and all rights of banker’s lien, set-off or counterclaim with respect to any and all monies owing by the Borrower or any of its Subsidiaries to that holder with respect thereto
as fully as if that holder were owed the amount of the participation held by that holder. 
 8.19 Counterparts; Integration; Effectiveness; Electronic
Execution. 
 This Agreement and any amendments, waivers, consents or supplements hereto or in connection herewith may be executed in any
number of counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. This Agreement, the other Loan Documents and any separate letter
agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written,

  
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relating to the subject matter hereof. Except as provided in Section 3.1, this Agreement shall become effective when it shall have been executed by the Administrative
Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns. Delivery of an executed counterpart of a signature page of (x) this Agreement, (y) any other Loan Document and/or (z) any document, amendment, approval, consent, information, notice
(including, for the avoidance of doubt, any notice delivered pursuant to Section 8.7), certificate, request, statement, disclosure or authorization related to this Agreement, any other Loan Document and/or the transactions
contemplated hereby and/or thereby (each an “Ancillary Document”) that is an Electronic Signature transmitted by telecopy, emailed pdf, or any other electronic means that reproduces an image of an actual executed signature page
shall be effective as delivery of a manually executed counterpart of this Agreement, such other Loan Document or such Ancillary Document, as applicable. The words “execution,” “signed,” “signature,”
“delivery,” and words of like import in or relating to this Agreement, any other Loan Document and/or any Ancillary Document shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form
(including deliveries by telecopy, emailed pdf, or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability as a manually executed
signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be; provided that nothing herein shall require the Administrative Agent to accept Electronic Signatures in any form or format without its prior
written consent and pursuant to procedures approved by it; provided, further, without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept any Electronic Signature, the Administrative Agent and each of the
Lenders shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of the Borrower or any other Credit Party without further verification thereof and without any obligation to review the appearance or form of any such
Electronic Signature and (ii) upon the request of the Administrative Agent or any Lender, any Electronic Signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the foregoing, the Borrower and
each other Credit Party hereby (i) agrees that, for all purposes, including without limitation, in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the
Lenders, the Borrower and the other Credit Parties, Electronic Signatures transmitted by telecopy, emailed pdf, or any other electronic means that reproduces an image of an actual executed signature page and/or any electronic images of this
Agreement, any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity and enforceability as any paper original, (ii) agrees that the Administrative Agent and each of the Lenders may, at its option, create
one or more copies of this Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged electronic record in any format, which shall be deemed created in the ordinary course of such Person’s business, and destroy
the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a paper record), (iii) waives any argument, defense or right to
contest the legal effect, validity or enforceability of this Agreement, any other Loan Document and/or any Ancillary Document based solely on the lack of paper original copies of this Agreement, such other Loan Document and/or such Ancillary
Document, respectively, including with respect to any signature pages thereto and (iv) waives any claim against any Lender-Related Person for any Liabilities arising solely from the Administrative Agent’s and/or any Lender’s reliance
on or use of Electronic Signatures and/or transmissions by telecopy, emailed pdf, or any other electronic means that reproduces an image of an actual executed signature page, including any Liabilities arising as a result of the failure of the
Borrower and/or any other Credit Party to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature. 

  
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 8.20 Obligations Several; Independent Nature of Lenders’ Rights. 

The obligations of the Lenders hereunder are several and no Lender shall be responsible for the obligations or Commitment of any other Lender
hereunder. Nothing contained herein or in any other Loan Document, and no action taken by any of the Lenders pursuant hereto or thereto, shall be deemed to constitute any of the Lenders as a partnership, an association, a joint venture or any other
kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt, and each Lender shall be entitled to protect and enforce its rights arising hereunder and it shall not be necessary for any other
Lender to be joined as an additional party in any proceeding for such purpose. 
 8.21 Usury Savings Clause. 

Notwithstanding any other provision herein, the aggregate interest rate charged with respect to any of the Obligations, including all charges
or fees in connection therewith deemed in the nature of interest under applicable law shall not exceed the Highest Lawful Rate. As used herein, “Highest Lawful Rate” means the maximum lawful interest rate, if any, that at any time
or from time to time may be contracted for, charged, or received under the laws applicable to any Lender which are presently in effect or, to the extent allowed by law, under such applicable laws which may hereafter be in effect and which allow a
higher maximum nonusurious interest rate than applicable laws now allow. If the rate of interest (determined without regard to the preceding sentence) under this Agreement at any time exceeds the Highest Lawful Rate, the outstanding amount of the
Loans made hereunder shall bear interest at the Highest Lawful Rate until the total amount of interest due hereunder equals the amount of interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at
all times been in effect. In addition, if when the Loans made hereunder are repaid in full the total interest due hereunder (taking into account the increase provided for above) is less than the total amount of interest which would have been due
hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect, then to the extent permitted by law, the Borrower shall pay to the Administrative Agent an amount equal to the difference between the amount of
interest paid and the amount of interest which would have been paid if the Highest Lawful Rate had at all times been in effect. Notwithstanding the foregoing, it is the intention of the Lenders and the Borrower to conform strictly to any applicable
usury laws. Accordingly, if any Lender contracts for, charges, or receives any consideration which constitutes interest in excess of the Highest Lawful Rate, then any such excess shall be cancelled automatically and, if previously paid, shall at
such Lender’s option be applied to the outstanding amount of the Loans made hereunder or be refunded to the Borrower. 
 8.22 PATRIOT Act. 

Each Lender that is subject to the requirements of the Patriot Act and the requirements of the Beneficial Ownership Regulation hereby notifies
the Borrower that, pursuant to the requirements of the Patriot Act and the Beneficial Ownership Regulation, it is required to obtain, verify and record information that identifies the Credit Parties, which information includes the name, address and
tax identification number of the Credit Parties and other information that will allow such Lender to identify the Credit Parties in accordance with the Patriot Act and the Beneficial Ownership Regulation and other applicable “know your
customer” and anti-money laundering rules and regulations. 
 8.23 No Advisory or Fiduciary Relationships. 

The Borrower acknowledges and agrees, and acknowledges its Subsidiaries’ understanding, that no Bank Party will have any obligations
except those obligations expressly set forth herein and in the other Loan Documents and each Bank Party is acting solely in the capacity of an arm’s length contractual counterparty to the Borrower with respect to the Loan Documents and the
transactions contemplated herein and therein and not as a financial advisor or a fiduciary to, or an agent of, the Borrower or any other person. The Borrower agrees that it will not assert any claim against any Bank Party based on an alleged breach
of 

  
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fiduciary duty by such Bank Party in connection with this Agreement and the transactions contemplated hereby. Additionally, the Borrower acknowledges and agrees that no Bank Party is advising the
Borrower as to any legal, tax, investment, accounting, regulatory or any other matters in any jurisdiction. The Borrower shall consult with its own advisors concerning such matters and shall be responsible for making its own independent
investigation and appraisal of the transactions contemplated herein or in the other Loan Documents, and the Credit Parties shall have no responsibility or liability to the Borrower with respect thereto. 

The Borrower further acknowledges and agrees, and acknowledges its Subsidiaries’ understanding, that each Bank Party, together with its
Affiliates, is a full service securities or banking firm engaged in securities trading and brokerage activities as well as providing investment banking and other financial services. In the ordinary course of business, any Bank Party may provide
investment banking and other financial services to, and/or acquire, hold or sell, for its own accounts and the accounts of customers, equity, debt and other securities and financial instruments (including bank loans and other obligations) of, the
Borrower and other companies with which the Borrower may have commercial or other relationships. With respect to any securities and/or financial instruments so held by any Bank Party or any of its customers, all rights in respect of such securities
and financial instruments, including any voting rights, will be exercised by the holder of the rights, in its sole discretion. 
 In
addition, the Borrower acknowledges and agrees, and acknowledges its Subsidiaries’ understanding, that each Bank Party and its affiliates may be providing debt financing, equity capital or other services (including financial advisory services)
to other companies in respect of which the Borrower may have conflicting interests regarding the transactions described herein and otherwise. No Bank Party will use confidential information obtained from the Borrower by virtue of the transactions
contemplated by the Loan Documents or its other relationships with the Borrower in connection with the performance by such Bank Party of services for other companies, and no Bank Party will furnish any such information to other companies. The
Borrower also acknowledges that no Bank Party has any obligation to use in connection with the transactions contemplated by the Loan Documents, or to furnish to the Borrower, confidential information obtained from other companies. 

8.24 Acknowledgement and Consent to Bail-In of Affected Financial Institutions. 

Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties,
each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and
acknowledges and agrees to be bound by: 
 A. the application of any Write-Down and Conversion Powers by the applicable Resolution
Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected 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 Affected Financial Institution,
its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this
Agreement or any other Loan Document; or 

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

A. A Guarantor shall be automatically released from its obligations under (x) the Loan Documents upon the consummation of any
transaction permitted by this Agreement as a result of which (i) such Guarantor shall cease to be a Subsidiary or (ii) such Guarantor no longer incurs, borrows or Guarantees any Material Indebtedness (other than intercompany Indebtedness
among Group Members) and (y) any Guarantee Agreement to the extent provided therein. 
 B. In connection with any termination or
release pursuant to this Section 8.25, the Administrative Agent, upon receipt of any certificates or other documents reasonably requested by it to confirm compliance with this Agreement, shall promptly execute and deliver
to the Borrower or the applicable Credit Party, at the Borrower’s expense, all documents that the Borrower or such Credit Party shall reasonably request to evidence such termination or release. The Lenders hereby irrevocably authorize the
Administrative Agent to take all actions specified in this Section 8.25. 
 8.26 Acknowledgement Regarding Any Supported QFCs.

 To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Swap Agreements or any other agreement or
instrument that is a QFC (such support “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance
Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in
respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United
States or any other state of the United States): 
 In the event a Covered Entity that is party to a Supported QFC (each, a “Covered
Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC
Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the
Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered
Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are
permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United
States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC
Credit Support. 

  
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 SECTION 9. AGENTS 

9.1 Appointment. 
 JPMCB is hereby
appointed by each Lender as the Administrative Agent hereunder and under the other Loan Documents and each Lender hereby authorizes the Administrative Agent to act as its contractual representative in accordance with the terms of this Agreement and
the other Loan Documents. Each Agent hereby agrees to act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable. The provisions of this Section 9 are solely for the benefit of
the Agents and the Lenders, and the Borrower and the other Group Members shall have no rights as third party beneficiaries of any of the provisions thereof. In performing its functions and duties under this Agreement, each of the Agents shall act
solely as an agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for the Borrower or any of its Subsidiaries. 

9.2 Powers and Duties; General Immunity. 

A. Powers; Duties Specified. Each Lender irrevocably authorizes each Agent to take such action on such Lender’s behalf and
to exercise such powers, rights and remedies hereunder and under the other Loan Documents as are specifically delegated or granted to such Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably
incidental thereto. Each Agent shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Loan Documents. Each Agent may exercise such powers, rights and remedies and perform such duties by or
through its agents, employees and shall not be answerable to the Lenders, except as to money or securities received by it or its authorized agents, for the default or misconduct of any such agent, employee or attorney-in-fact selected by it with reasonable care. Each Agent shall be entitled to advice of counsel concerning the contractual arrangement between such Agent and the Lenders and all matters pertaining to
such Agent’s duties hereunder and under any other Loan Document. No Agent shall have, by reason of this Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the
other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Agent any obligations in respect of this Agreement or any of the other Loan Documents except as expressly set forth herein or therein. In its
capacity as the Lenders’ contractual representative, the Administrative Agent is acting as an independent contractor, the rights and duties of which are limited to those expressly set forth in this Agreement and the other Loan Documents. Each
of the Lenders hereby agrees to assert no claim against any Agent on any agency theory or any other theory of liability for breach of fiduciary duty, all of which claims each Lender hereby waives. 

B. No Responsibility for Certain Matters. No Agent shall be responsible to any Lender for the execution, effectiveness,
genuineness, validity, enforceability, collectability or sufficiency of this Agreement or any other Loan Document or any other document or instrument furnished in connection herewith or therewith (including, for the avoidance of doubt, in connection
with the Administrative Agent’s reliance on any Electronic Signature transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page), or for any representations, warranties,
recitals or statements made herein or therein or made in any written or oral statements or in any financial or other statements, instruments, reports or certificates or any other documents furnished or made by any Agent to the Lenders or by or on
behalf of the Borrower to any Agent or any Lender in connection with the Loan Documents and the transactions contemplated thereby or for the financial condition or business affairs of the Group Members or any other Person liable for the payment of
any Obligations or Affiliate of the Group Members or any such Person, nor shall any Agent be required to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the
contents of any certificate, report or other document delivered thereunder or in connection therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document or the
occurrence of any Potential Event of Default or Event of Default, (iv) the sufficiency, validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, or (v) the satisfaction of
any condition set forth in Section 3 or 

  
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elsewhere in any Loan Document, other than to confirm receipt of items (which on their face purport to be such items) expressly required to be delivered to such Agent or satisfaction of any
condition that expressly refers to the matters described therein being acceptable or satisfactory to such Agent or to make disclosures with respect to any of the foregoing. Anything contained in this Agreement to the contrary notwithstanding, the
Administrative Agent shall not have any liability arising from confirmations of the amount of outstanding Loans or the component amounts thereof. 

C. Exculpatory Provisions. No Agent nor any of its officers, partners, directors, employees or agents shall be liable to the
Lenders for any action taken or omitted by any Agent under or in connection with any of the Loan Documents except to the extent determined in a final non-appealable judgment by a court of competent
jurisdiction to have arisen from such Agent’s gross negligence or willful misconduct. Each Agent shall be entitled to refrain from any act or the taking of any action (including the failure to take an action) in connection with this Agreement
or any of the other Loan Documents or from the exercise of any power, discretion or authority vested in it hereunder or thereunder unless and until such Agent shall have received written instructions in respect thereof from the Requisite Lenders (or
such other number of Lenders as may be required to give such instructions under Section 8.5) and, upon receipt of such instructions from the Requisite Lenders (or such other Lenders, as the case may be), such Agent shall be
entitled to act or (where so instructed) refrain from acting, or to exercise such power, discretion or authority, in accordance with such instructions. Without prejudice to the generality of the foregoing, (i) each Agent shall be entitled to
rely, and shall be fully protected in relying, upon any communication, instrument or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be
protected in relying on opinions and judgments of attorneys (who may be attorneys for the Borrower and its Subsidiaries or employees of any Agent), accountants, experts and other professional advisors selected by it; and (ii) no Lender shall
have any right of action whatsoever against any Agent as a result of such Agent acting or (where so instructed) refraining from acting under this Agreement or any of the other Loan Documents in accordance with the instructions of the Requisite
Lenders (or such other number of Lenders as may be required to give such instructions under Section 8.5). 

D. Administrative Agent Entitled to Act as Lender. The agency hereby created shall in no way impair or affect any of the rights
and powers of, or impose any duties or obligations upon, any Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans and Letters of Credit, each Agent shall have the same rights and powers hereunder as
any other Lender and may exercise the same as though it were not performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the context clearly otherwise indicates, include each Agent in its
individual capacity. Any Agent and its Affiliates may accept deposits from, lend money to, own Securities of, and generally engage in any kind of banking, trust, financial advisory or other business with the Group Members or any of their Affiliates
as if it were not performing the duties specified herein, and may accept fees and other consideration from the Group Members for services in connection with this Agreement and otherwise without having to account for the same to the Lenders. 

E. Syndication Agent and Co-Documentation Agents. Notwithstanding anything herein to the
contrary, the Arrangers, the Syndication Agent and the Co-Documentation Agents named on the cover page of this Agreement shall not have any duties or liabilities under this Agreement, except in their capacity,
if any, as a Lenders or as otherwise expressly set forth in this Agreement. Without limiting the foregoing, no such Person shall have or be deemed to have a fiduciary relationship with any other Lender. 

  
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 9.3 Representations and Warranties; No Responsibility For Appraisal of Creditworthiness. 

Each Lender and each Fronted LC Issuing Bank represents and warrants that (i) the Loan Documents set forth the terms of a commercial
lending facility, (ii) it is engaged in making, acquiring or holding commercial loans and in providing other facilities set forth herein as may be applicable to such Lender or Issuing Bank, in each case in the ordinary course of business, and
not for the purpose of purchasing, acquiring or holding any other type of financial instrument (and each Lender and each Fronted LC Issuing Bank agrees not to assert a claim in contravention of the foregoing), (iii) it has, independently and without
reliance upon any Agent, any Arranger or any other Lender or Fronted LC Issuing Bank, or any of the Related Parties of any of the foregoing, and based on such documents and information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Agreement as a Lender, and to make, acquire or hold Loans hereunder and (iv) it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans and to provide other facilities set forth
herein, as may be applicable to such Lender or such Fronted LC Issuing Bank, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans or to provide such other facilities, is
experienced in making, acquiring or holding such commercial loans or providing such other facilities. Each Lender and each Fronted LC Issuing Bank also acknowledges that it will, independently and without reliance upon any Agent, any Arranger or any
other Lender or Fronted LC Issuing Bank, or any of the Related Parties of any of the foregoing, and based on such documents and information (which may contain material, non-public information within the
meaning of the United States securities laws concerning the Borrower and its Affiliates) as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other
Loan Document or any related agreement or any document furnished hereunder or thereunder. Each Lender, by delivering its signature page to this Agreement on the Effective Date, or delivering its signature page to an Assignment Agreement or any other
Loan Document pursuant to which it shall become a Lender hereunder, shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be delivered to, or be approved by or
satisfactory to, the Administrative Agent or the Lenders on the Effective Date.. 
 9.4 Right to Indemnity. 

Each Lender, in proportion to its Pro Rata Share, severally agrees to indemnify each Agent and each Fronted LC Issuing Bank, to the extent that
such Agent or such Fronted LC Issuing Bank shall not have been reimbursed by the Borrower, for and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and
disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such Agent or such Fronted LC Issuing Bank in exercising its powers, rights and remedies or performing its duties hereunder or
under the other Loan Documents or otherwise in its capacity as such Agent or as a Fronted LC Issuing Bank in any way relating to or arising out of this Agreement or the other Loan Documents (including for any such amounts incurred by or asserted
against such Agent or such Fronted LC Issuing Bank in connection with any dispute between such Agent or such Fronted LC Issuing Bank and any Lender or between two or more Lenders); provided that no Lender shall be liable for any portion of
such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements to the extent any of the foregoing is found in a final non-appealable judgment by a court
of competent jurisdiction to have resulted from such Agent’s or such Fronted LC Issuing Bank’s gross negligence or willful misconduct. If any indemnity furnished to any Agent or any Fronted LC Issuing Bank for any purpose shall, in the
opinion of such Agent or such Fronted LC Issuing Bank, be insufficient or become impaired, such Agent or such Fronted LC Issuing Bank may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such
additional indemnity is furnished. 
 9.5 Successor Administrative Agent. 

The Administrative Agent may resign at any time by giving 30 days’ prior written notice thereof to the Lenders and the Borrower, and the
Administrative Agent may be removed at any time with or without cause by an instrument or concurrent instruments in writing delivered to the Borrower and the 

  
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Administrative Agent and signed by the Requisite Lenders. Upon any such notice of resignation or any such removal, the Requisite Lenders shall have the right to select a successor Administrative
Agent, with the consent of the Borrower (which consent shall not be unreasonably withheld or delayed); provided that the Borrower’s consent shall not be required for the Requisite Lenders to appoint any Lender as the Administrative Agent
or at any time that an Event of Default shall have occurred and be continuing. Upon the acceptance of any appointment as the Administrative Agent hereunder by a successor Administrative Agent, that successor Administrative Agent shall thereupon
succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed Administrative Agent and the retiring or removed Administrative Agent shall be discharged from its duties and obligations under this
Agreement. After any retiring or removed Administrative Agent’s resignation or removal hereunder as the Administrative Agent, the provisions of this Section 9 shall inure to its benefit as to any actions taken or
omitted to be taken by it while it was the Administrative Agent under this Agreement. 
 9.6 Acknowledgment of Potential Related Transactions. 

The Credit Parties hereby acknowledge their understanding that each of the Arrangers, each of the Agents and each of the Lenders may from time
to time effect transactions (for its own account or the account of customers), and hold positions in loans or options on loans that may be the subject of this arrangement. In addition, certain Affiliates of the Lenders are full service securities
firms and as such may from time to time effect transactions (for their own account or the account of customers), and hold positions, in loans or options on loans or securities or options on securities that may be the subject of this arrangement. In
addition, each of the Arrangers, each of the Agents and each of the Lenders may employ the services of its affiliates in providing certain services hereunder and may exchange with such affiliates information concerning the Group Members and other
companies that may be the subject of this arrangement. 
 9.7 Non-Receipt of Funds by the Administrative Agent.

 Unless the Borrower or a Lender, as the case may be, notifies the Administrative Agent prior to the date on which it is scheduled to
make payment to the Administrative Agent of (i) in the case of a Lender, the proceeds of a Loan or (ii) in the case of the Borrower, a payment of principal, interest or fees to the Administrative Agent for the account of the Lenders, that
it does not intend to make such payment, the Administrative Agent may assume that such payment has been made. The Administrative Agent may, but shall not be obligated to, make the amount of such payment available to the intended recipient in
reliance upon such assumption. If such Lender or the Borrower, as the case may be, has not in fact made such payment to the Administrative Agent, the recipient of such payment shall, on demand by the Administrative Agent, repay to the Administrative
Agent the amount so made available together with interest thereon in respect of each day during the period commencing on the date such amount was so made available by the Administrative Agent until the date the Administrative Agent recovers such
amount at a rate per annum equal to (x) in the case of payment by a Lender, the NYFRB Rate for such day for the first three days and, thereafter, the interest rate applicable to the relevant Loan or (y) in the case of payment by the
Borrower, the interest rate applicable to the relevant Loan. 
 9.8 Withholding Tax. 

To the extent required by any applicable law, the Administrative Agent may withhold from any payment to any Lender an amount equivalent to any
applicable income, stamp or other taxes, imposts, duties, charges, or fees imposed, levied, collected or assessed by any Governmental Authority. Without limiting or expanding the provisions of Section 2.5, each Lender shall
indemnify and hold harmless the Administrative Agent against, and shall make payable in respect thereof within 10 days after written demand therefor, (i) any Non-Excluded Taxes attributable to such Lender
(but only to the extent that the Borrower has not already indemnified the Administrative Agent for such Non-Excluded Taxes and without 

  
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limiting the obligation of the Borrower to do so) and (ii) any and all Taxes and any and all related losses, claims, liabilities and expenses (including, without limitation, fees, charges
and disbursements of any counsel for the Administrative Agent) incurred by or asserted against the Administrative Agent by the U.S. Internal Revenue Service or any other Governmental Authority as a result of the failure of the Administrative Agent
to properly withhold any amounts from payments to or for the account of such Lender for any reason (including, without limitation, because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the
Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of such required withholding ineffective). 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 this Agreement or any other instrument or document furnished
pursuant hereto against any amount due the Administrative Agent under this Section 9.8. The agreements in this Section 9.8 shall survive the resignation and/or replacement of the Administrative
Agent, any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other obligations. 

9.9 Erroneous Payments. 
 Each Lender
hereby agrees that (x) if the Administrative Agent notifies such Lender that the Administrative Agent has determined in its sole discretion that any funds received by such Lender from the Administrative Agent or any of its Affiliates
(whether as a payment, prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, a “Payment”) were erroneously transmitted to such Lender (whether or not known to such Lender), and demands the
return of such Payment (or a portion thereof), such Lender shall promptly, but in no event later than one (1) Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a
demand was made in same day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the
greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in effect, and (y) to the extent permitted by applicable law, such Lender shall
not assert, and hereby waives, as to the Administrative Agent, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent
for the return of any Payments received, including without limitation any defense based on “discharge for value” or any similar doctrine. A notice of the Administrative Agent to any Lender under this Section 9.9
shall be conclusive, absent manifest error. 
 Each Lender hereby further agrees that if it receives a Payment from the Administrative
Agent or any of its Affiliates (x) that is in a different amount than, or on a different date from, that specified in a notice of payment sent by the Administrative Agent (or any of its Affiliates) with respect to such Payment (a
“Payment Notice”) or (y) that was not preceded or accompanied by a Payment Notice, it shall be on notice, in each such case, that an error has been made with respect to such Payment. Each Lender agrees that, in each such
case, or if it otherwise becomes aware a Payment (or portion thereof) may have been sent in error, such Lender shall promptly notify the Administrative Agent of such occurrence and, upon demand from the Administrative Agent, it shall promptly, but
in no event later than one (1) Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of
each day from and including the date such Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation from time to time in effect. 

  
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 The Borrower and each other Credit Party hereby agrees that (x) in the event an
erroneous Payment (or portion thereof) are not recovered from any Lender that has received such Payment (or portion thereof) for any reason, the Administrative Agent shall be subrogated to all the rights of such Lender with respect to such amount
and (y) an erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by the Borrower or any other Credit Party, except to the extent such erroneous Payment is, and solely with respect to the amount of
such erroneous Payment that is, comprised of funds received by the Administrative Agent from the Borrower or any other Credit Party for the purpose of satisfying an Obligation. 

Each party’s obligations under this Section 9.9 shall survive the resignation or replacement of the
Administrative Agent or any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments or the repayment, satisfaction or discharge of all Obligations under any Loan Document. 

9.10 Certain ERISA Matters. 
 A.
Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for
the benefit of, the Administrative Agent and each Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Credit Party, that at least one of the following is and will be true:

 (i) such Lender is not using “plan assets” (within the meaning of the Plan Asset Regulations) of one or more Benefit Plans in
connection with the Loans, the Letters of Credit or the Commitments, 
 (ii) the transaction exemption set forth in one or more PTEs, such as
PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain
transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE
91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,

 (iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI
of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the
Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of
sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or 

(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and
such Lender. 

  
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 B. In addition, unless clause (i) in the immediately
preceding Section 9.10A is true with respect to a Lender or such Lender has provided another representation, warranty and covenant as provided in clause (iv) in the immediately preceding
Section 9.10A, such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date
such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and each Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Credit Party,
that none of the Administrative Agent or any Arranger or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent
under this Agreement, any Loan Document or any documents related to hereto or thereto). 
 C. Each Agent and each Arranger hereby
informs the Lenders that each such Person is not undertaking to provide investment advice or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest in the
transactions contemplated hereby in that such Person or an Affiliate thereof (i) may receive interest or other payments with respect to the Loans, the Letters of Credit, the Commitments, this Agreement and any other Loan Documents,
(ii) may recognize a gain if it extended the Loans, the Letters of Credit or the Commitments for an amount less than the amount being paid for an interest in the Loans, the Letters of Credit or the Commitments by such Lender or (iii) may
receive fees or other payments in connection with the transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees,
agency fees, administrative agent or collateral agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s
acceptance fees, breakage or other early termination fees or fees similar to the foregoing. 
 [Remainder of page intentionally left blank]

  
 96 

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

			
	BORROWER
	
	ASSURANT, INC.

 
			
		
	By:	 	 /s/ Richard Dziadzio

		 	Name: Richard Dziadzio
		 	Title: Executive Vice President and Chief
		 	Financial Officer

 
			
	
	U.S. Federal Tax Identification No.: 39-1126612
	
	Notice Address:
	
	Assurant, Inc.
	55 Broadway, Suite 2901
	New York, NY 10006
	Attention:	 	Richard Dziadzio
	
	Telephone: (212) 859-7000
	Telecopy:	 	(212) 859-7010

 [SIGNATURE PAGE TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT] 

 
			
	LENDERS
	
	JPMORGAN CHASE BANK, N.A.,
	as a Lender and as Administrative Agent

 
			
		
	By:	 	 /s/ Sarah Tarantino

		 	Name: Sarah Tarantino
		 	Title: Vice President

 
			
	
	Funding and Payment Office:
	
	JPMorgan Chase Bank, N.A.
	500 Stanton Christiana Road, NCC5 / 1st Floor Newark, Delaware 19713
	Attention of:	 	Loan & Agency Services Group
	Telephone:	 	(302) 634-7061
	email:	 	jeffrey.lenhard@chase.com
	
	Notice Address:
	
	JPMorgan Chase Bank, N.A.
	500 Stanton Christiana Road, NCC5 / 1st Floor Newark, Delaware 19713
	Attention of:	 	Loan & Agency Services Group
	Telephone:	 	(302) 634-7061
	email:	 	jeffrey.lenhard@chase.com
	
	with a copy to:
	
	JPMorgan Chase Bank, N.A.
	383 Madison Avenue, 24th Floor
	New York, New York 10179
	Attention of :	 	Sarah Tarantino
	Telephone:	 	(212) 270-6294
	email:	 	sarah.tarantino@jpmorgan.com

 [SIGNATURE PAGE TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender and as a Syndication Agent
		
	By:	 	 /s/ Michelle S. Dagenhart

		 	Name: Michelle S. Dagenhart
		 	Title: Managing Director

 [SIGNATURE PAGE TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT] 

 
			
	BMO HARRIS BANK N.A.,
	as a Lender
		
	By:	 	 /s/ David Doran

		 	Name: David Doran
		 	Title: Senior Vice President

 [SIGNATURE PAGE TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT] 

 
			
	THE BANK OF NOVA SCOTIA, as a Lender and as a Co-Documentation Agent
		
	By:	 	 /s/ Marilena Devcic

		 	Name: Marilena Devcic
		 	Title: Director

 [SIGNATURE PAGE TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT] 

 
			
	KEYBANK NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Jason A Nichols

		 	Name: Jason A Nichols
		 	Title: Vice President

 [SIGNATURE PAGE TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT] 

 
			
	U.S. BANK NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Andre Liu

		 	Name: Andre Liu
		 	Title: Senior Vice President

 [SIGNATURE PAGE TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT] 

 
			
	BARCLAYS BANK PLC,
	as a Lender
		
	By:	 	 /s/ Evan Moriarty

		 	Name: Evan Moriarty
		 	Title:   Vice President

 [SIGNATURE PAGE TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT] 

 
			
	CITIBANK, N.A.,
	as a Lender
		
	By:	 	 /s/ Justine O’Connor

		 	Name: Justine O’Connor
		 	Title:   Vice President & Director

 [SIGNATURE PAGE TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT] 

 
			
	GOLDMAN SACHS BANK USA,
	as a Lender
		
	By:	 	 /s/ Rebecca Kratz

		 	Name: Rebecca Kratz
		 	Title:   Authorized Signatory

 [SIGNATURE PAGE TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT] 

 
			
	HSBC BANK USA, NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Teresa Pereyra

		 	Name: Teresa Pereyra
		 	Title:   Vice President, Financial Institutions             Group, Insurance

 [SIGNATURE PAGE TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT] 

 
			
	LLOYDS BANK CORPORATE MARKETS PLC,
	as a Lender
		
	By:	 	 /s/ Kamala Basdeo

		 	Name: Kamala Basdeo
		 	Title:   Assistant Vice President
		
	By:	 	 /s/ Tina Wong

		 	Name: Tina Wong
		 	Title:   Assistant Vice President

 [SIGNATURE PAGE TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT] 

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

		 	Name: Michael King
		 	Title:   Authorized Signatory

 [SIGNATURE PAGE TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT] 

 
			
	THE TORONTO-DOMINION BANK, NEW YORK BRANCH,
	as a Lender
		
	By:	 	 /s/ Maria Macchiaroli

		 	Name: Maria Macchiaroli
		 	Title: Authorized Signatory

 [SIGNATURE PAGE TO SECOND
AMENDED AND RESTATED CREDIT AGREEMENT] 

 SCHEDULE 1.1 

Pricing Schedule 
  

																					
	 Borrower’s Debt Rating (S&P/Moody’s)
	  	Applicable
Margin
Base Rate
Loans	 	 	Applicable
Margin
Term
Benchmark
Loans	 	 	Applicable
Margin
RFR
Loans	 	 	Letter of
Credit Fee
Rate	 	 	Commitment
Fee
Rate	 
	 Rating Level 1: 3 A / A2
	  	 	0	% 	 	 	1.000	% 	 	 	1.000	% 	 	 	0.875	% 	 	 	0.100	% 
	 Rating Level 2: A- / A3
	  	 	0.125	% 	 	 	1.125	% 	 	 	1.125	% 	 	 	1.000	% 	 	 	0.125	% 
	 Rating Level 3: BBB+ / Baa1
	  	 	0.250	% 	 	 	1.250	% 	 	 	1.250	% 	 	 	1.125	% 	 	 	0.150	% 
	 Rating Level 4: BBB / Baa2
	  	 	0.375	% 	 	 	1.375	% 	 	 	1.375	% 	 	 	1.250	% 	 	 	0.200	% 
	 Rating Level 5: BBB- / Baa3
	  	 	0.625	% 	 	 	1.625	% 	 	 	1.625	% 	 	 	1.500	% 	 	 	0.250	% 
	 Rating Level 6: £ BB+ / Ba1 or unrated
	  	 	1.000	% 	 	 	2.000	% 	 	 	2.000	% 	 	 	1.875	% 	 	 	0.325	% 

 “Debt Rating” means the Moody’s Rating or the S&P Rating. 

“Moody’s Rating” means, at any time, the then current rating by Moody’s (including the failure to rate) of the Borrower’s
senior, unsecured, non-credit-enhanced long-term indebtedness for money borrowed. 
 “S&P
Rating” means, at any time, the then current rating by S&P (including the failure to rate) of the Borrower’s senior, unsecured, non-credit-enhanced long-term indebtedness for money borrowed.

 For purposes of the foregoing, (a) if only one of S&P and Moody’s shall have in effect such a public debt rating, the Rating Level will be
Level 5 (except as a result of either S&P or Moody’s, as the case may be, ceasing to be in the business of issuing public debt ratings, in which case the Rating Level shall be determined by reference to the available rating); (b) if
neither S&P nor Moody’s shall have in effect such a public debt rating, the applicable Rating Level will be Level 6; (c) if such public debt ratings established by S&P and Moody’s shall fall within different levels, the public
debt rating will be determined by the higher of the two ratings; provided that in the event that the lower of such public debt ratings is more than one level below the higher of such public debt ratings, the public debt rating will be determined
based upon the level that is one level above the lower of such public debt ratings; (d) if any such public debt rating established by S&P or Moody’s shall be changed, such change shall be effective as of the date on which such change
is first announced publicly by the rating agency making such change. 

 SCHEDULE 1.2 

Lenders’ Commitments 
  

					
	 Lender
	  	Commitment	 
	 JPMorgan Chase Bank, N.A.
	  	$	51,500,000	 
	 Wells Fargo Bank, National Association
	  	$	51,500,000	 
	 BMO Harris Bank N.A.
	  	$	41,500,000	 
	 The Bank of Nova Scotia
	  	$	41,500,000	 
	 KeyBank National Association
	  	$	41,500,000	 
	 U.S. Bank National Association
	  	$	41,500,000	 
	 Barclays Bank PLC
	  	$	33,000,000	 
	 Citibank, N.A.
	  	$	33,000,000	 
	 Goldman Sachs Bank USA
	  	$	33,000,000	 
	 HSBC Bank USA, National Association
	  	$	33,000,000	 
	 Lloyds Bank Corporate Markets plc
	  	$	33,000,000	 
	 Morgan Stanley Bank, N.A.
	  	$	33,000,000	 
	 The Toronto-Dominion Bank, New York Branch
	  	$	33,000,000	 
		  	  
	  
	 
	 TOTAL:
	  	$	500,000,000EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

 
  

SECURED SELLER NOTE AGREEMENT 

dated as of December 9, 2021, 

among 
 LAKEHOUSE BIDCO INC., 

as Holdings, 
 LAKEHOUSE BUYER
INC., 
 as the Borrower, 
 THE
SUBSIDIARIES OF HOLDINGS 
 FROM TIME TO TIME PARTY HERETO, 

as Guarantors 
 and 

AMERICAN WATER ENTERPRISES, LLC, 

as Lender 
  

 
  

 Table of Contents 

 

					
	 	  	Page	 
		
	 ARTICLE 1 DEFINITIONS
	  	 	1	 
		
	 SECTION 1.01. Defined Terms
	  	 	1	 
		
	 SECTION 1.02. Terms Generally; Reclassification
	  	 	34	 
		
	 SECTION 1.03. Accounting Terms; GAAP; Certain Calculations
	  	 	35	 
		
	 SECTION 1.04. Timing of Payment of Performance; Times of Day
	  	 	36	 
		
	 SECTION 1.05. Division of Limited Liability Company
	  	 	36	 
		
	 SECTION 1.06. Limited Condition Transactions
	  	 	36	 
		
	 ARTICLE 2 THE LOAN
	  	 	37	 
		
	 SECTION 2.01. The Loan
	  	 	37	 
		
	 SECTION 2.02. Repayment of the Loan; Evidence of Debt
	  	 	37	 
		
	 SECTION 2.03. Prepayment of the Loan
	  	 	38	 
		
	 SECTION 2.04. Put Option
	  	 	39	 
		
	 SECTION 2.05. Interest
	  	 	40	 
		
	 SECTION 2.06. Taxes
	  	 	40	 
		
	 SECTION 2.07. Payments Generally; Allocation of Proceeds
	  	 	41	 
		
	 ARTICLE 3 REPRESENTATIONS AND WARRANTIES
	  	 	42	 
		
	 SECTION 3.01. Organization; Powers
	  	 	42	 
		
	 SECTION 3.02. Authorization; Enforceability
	  	 	42	 
		
	 SECTION 3.03. Governmental Approvals; No Conflicts
	  	 	42	 
		
	 SECTION 3.04. No Material Adverse Effect
	  	 	43	 
		
	 SECTION 3.05. Properties
	  	 	43	 
		
	 SECTION 3.06. Litigation and Environmental Matters
	  	 	43	 
		
	 SECTION 3.07. Compliance with Laws
	  	 	43	 
		
	 SECTION 3.08. Investment Company Status
	  	 	44	 
		
	 SECTION 3.09. Taxes
	  	 	44	 
		
	 SECTION 3.10. ERISA; Plan Assets
	  	 	44	 
		
	 SECTION 3.11. Disclosure
	  	 	44	 
		
	 SECTION 3.12. Solvency
	  	 	44	 
		
	 SECTION 3.13. Capitalization and Subsidiaries
	  	 	45	 
		
	 SECTION 3.14. Security Interest in Collateral
	  	 	45	 
		
	 SECTION 3.15. Senior Indebtedness
	  	 	45	 
		
	 SECTION 3.16. Federal Reserve Regulations
	  	 	45	 
		
	 SECTION 3.17. Sanctions; Anti-Terrorism Laws; Anti-Corruption Laws
	  	 	45	 
		
	 SECTION 3.18. Use of Proceeds
	  	 	46	 

  
 i 

 Table of Contents 

 

					
	 	  	Page	 
		
	 ARTICLE 4 RESERVED
	  	 	46	 
		
	 ARTICLE 5 AFFIRMATIVE COVENANTS
	  	 	46	 
		
	 SECTION 5.01. Financial Statements and Other Reports
	  	 	46	 
		
	 SECTION 5.02. Existence
	  	 	48	 
		
	 SECTION 5.03. Payment of Taxes
	  	 	48	 
		
	 SECTION 5.04. Maintenance of Properties
	  	 	49	 
		
	 SECTION 5.05. Insurance
	  	 	49	 
		
	 SECTION 5.06. Inspections
	  	 	49	 
		
	 SECTION 5.07. Maintenance of Book and Records
	  	 	50	 
		
	 SECTION 5.08. Compliance with Laws
	  	 	50	 
		
	 SECTION 5.09. Use of Proceeds
	  	 	50	 
		
	 SECTION 5.10. Additional Collateral; Further Assurances
	  	 	50	 
		
	 SECTION 5.11. Conduct of Business
	  	 	51	 
		
	 SECTION 5.12. Fiscal Year
	  	 	51	 
		
	 SECTION 5.13. Post-Closing Matters
	  	 	52	 
		
	 SECTION 5.14. Closing Date Covenants
	  	 	52	 
		
	 SECTION 5.15. Senior Indebtedness
	  	 	53	 
		
	 ARTICLE 6 NEGATIVE COVENANTS
	  	 	53	 
		
	 SECTION 6.01. Indebtedness
	  	 	53	 
		
	 SECTION 6.02. Liens
	  	 	58	 
		
	 SECTION 6.03. Restrictive Agreements
	  	 	61	 
		
	 SECTION 6.04. Restricted Payments; Certain Payments of Indebtedness
	  	 	62	 
		
	 SECTION 6.05. Investments
	  	 	66	 
		
	 SECTION 6.06. Fundamental Changes; Disposition of Assets
	  	 	68	 
		
	 SECTION 6.07. Sales and Lease-Backs
	  	 	71	 
		
	 SECTION 6.08. Transactions with Affiliates
	  	 	71	 
		
	 SECTION 6.09. Amendments or Waivers of Organizational Documents
	  	 	73	 
		
	 SECTION 6.10. Amendments of or Waivers with Respect to Junior Debt
	  	 	73	 
		
	 SECTION 6.11. Permitted Activities of Holdings
	  	 	73	 
		
	 ARTICLE 7 EVENTS OF DEFAULT
	  	 	73	 
		
	 SECTION 7.01. Events of Default
	  	 	73	 
		
	 ARTICLE 8 MISCELLANEOUS
	  	 	77	 
		
	 SECTION 8.01. Notices
	  	 	77	 
		
	 SECTION 8.02. Waivers; Amendments
	  	 	79	 

  
 ii 

 Table of Contents 

 

					
	 	  	Page	 
		
	 SECTION 8.03. Expenses; Indemnity; Damage Waiver
	  	 	79	 
		
	 SECTION 8.04. Waiver of Claim
	  	 	80	 
		
	 SECTION 8.05. Successors and Assigns
	  	 	80	 
		
	 SECTION 8.06. Survival
	  	 	81	 
		
	 SECTION 8.07. Counterparts; Integration; Effectiveness
	  	 	81	 
		
	 SECTION 8.08. Severability
	  	 	81	 
		
	 SECTION 8.09. Right of Setoff; Obligations Absolute
	  	 	81	 
		
	 SECTION 8.10. Governing Law; Jurisdiction; Consent to Service of Process
	  	 	82	 
		
	 SECTION 8.11. Waiver of Jury Trial
	  	 	83	 
		
	 SECTION 8.12. Headings
	  	 	83	 
		
	 SECTION 8.13. Confidentiality
	  	 	83	 
		
	 SECTION 8.14. No Fiduciary Duty
	  	 	84	 
		
	 SECTION 8.15. USA PATRIOT Act
	  	 	85	 
		
	 SECTION 8.16. Conflicts
	  	 	85	 
		
	 ARTICLE 9 LOAN GUARANTY
	  	 	85	 
		
	 SECTION 9.01. Guaranty
	  	 	85	 
		
	 SECTION 9.02. Guaranty of Payment
	  	 	85	 
		
	 SECTION 9.03. No Discharge or Diminishment of Loan Guaranty
	  	 	86	 
		
	 SECTION 9.04. Defenses Waived
	  	 	86	 
		
	 SECTION 9.05. Authorization
	  	 	87	 
		
	 SECTION 9.06. Rights of Subrogation
	  	 	88	 
		
	 SECTION 9.07. Reinstatement; Stay of Acceleration
	  	 	88	 
		
	 SECTION 9.08. Information
	  	 	88	 
		
	 SECTION 9.09. Maximum Liability
	  	 	88	 
		
	 SECTION 9.10. Contribution
	  	 	89	 
		
	 SECTION 9.11. Liability Cumulative
	  	 	89	 
		
	 SECTION 9.12. Release of Loan Guarantors
	  	 	89	 

  
 iii 

 SCHEDULES: 

Schedule 1.01(a) – Consolidated Adjusted EBITDA 
 Schedule
1.01(b) – Disqualified Lenders 
 Schedule 1.01(c) – Mortgaged Properties 

Schedule 3.13 – Capitalization and Subsidiaries 

Schedule 5.13 – Post-Closing Items 
 Schedule 5.14 –
Closing Date Collateral Documents 
 Schedule 6.01(g) – Existing Indebtedness 

Schedule 6.02 – Existing Liens 
 Schedule 6.05
– Existing Investments 
 Schedule 6.07 – Sale and Lease-Back Transactions 

Schedule 6.08 – Transactions with Affiliates 

EXHIBITS: 
 Exhibit A – Form of Compliance Certificate

 Exhibit B – Form of Joinder Agreement 

Exhibit C – Form of Promissory Note 
 Exhibit D-1 – Form of Legal Opinion of Simpson Thacher & Bartlett LLP 
 Exhibit
D-2 – Form of Legal Opinion of Virginia Counsel 
 Exhibit E – Form of Secretary’s Certificate 

Exhibit F – Form of Solvency Certificate 
 Exhibit G –
Form of Global Intercompany Note 
 Exhibit H – Form of Pledge and Security Agreement 

 

  
 iv 

 SECURED SELLER NOTE AGREEMENT, dated as of December 9, 2021 (this
“Agreement”), by and among Lakehouse BidCo Inc., a corporation organized under the laws of the State of Delaware (“Holdings”), Lakehouse Buyer Inc., a corporation organized under the laws of the State of Delaware
(the “Borrower”), the SUBSIDIARIES of Holdings from time to time party hereto as guarantors, and American Water Enterprises, LLC, a limited liability company organized under the laws of Delaware (the “Lender”), as
the lender. 
 RECITALS 

Pursuant to the Purchase Agreement and subject to the terms and conditions thereof, the Lender (in its capacity as a Seller under the Purchase
Agreement) and the other Sellers have agreed to sell the Units (as defined in the Purchase Agreement) to the Borrower (acting in its capacity as the Purchaser under the Purchase Agreement); 

Pursuant to the Purchase Agreement and subject to the terms and conditions thereof, (i) the Purchase Price (as defined in the Purchase
Agreement) to be paid by the Purchaser to the Sellers for the Units is to be comprised of the Cash Purchase Price (as defined in the Purchase Agreement) and the Seller Note Amount, (ii) that portion of the Purchase Price constituting the Cash
Purchase Price is to be paid in cash by the Purchaser to the Sellers substantially contemporaneously with Closing (as defined in the Purchase Agreement) and (iii) that portion of the Purchase Price constituting the Seller Note Amount is to be
paid by the Purchaser to the Sellers in accordance with the terms of the Seller Note (as defined in the Purchase Agreement); and 
 This
Agreement constitutes the Seller Note under and as defined in the Purchase Agreement and, inter alia, sets forth the terms and conditions under which the Purchaser (in its capacity as the Borrower hereunder) is to pay the Seller Note Amount
(in the form of the “Loan” under this Agreement) to the Lender (in its capacity as a Seller under the Purchase Agreement and acting hereunder on its own behalf in such capacity and on behalf of the other Sellers under the Purchase
Agreement). 
 Accordingly, the parties hereto agree as follows: 

ARTICLE 1 DEFINITIONS 
 SECTION
1.01. Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “Acceptable
Intercreditor Agreement” means (a) to the extent executed in connection with the incurrence of secured Indebtedness incurred by a Loan Party, the Liens on the Collateral securing which are intended to rank equal in priority to the
Liens on the Collateral securing the Obligations, the Closing Date Intercreditor Agreement and (b) to the extent executed in connection with the incurrence of secured Indebtedness incurred by a Loan Party, the Liens on the Collateral securing
which are intended to rank junior in priority to the Liens on the Collateral securing the Obligations, at the option of the Borrower and the Lender acting together in good faith, a customary intercreditor agreement in form and substance reasonably
acceptable to the Lender and the Borrower, which agreement shall provide that the Liens on the Collateral securing such Indebtedness shall rank junior in priority to the Liens on the Collateral securing the Obligations. 

 “Acquired EBITDA” means, with respect to any Acquired Entity or Business
for any period, the amount for such period of Consolidated Adjusted EBITDA of such Acquired Entity or Business (determined as if references to Holdings and its Subsidiaries in the definition of the term “Consolidated Adjusted EBITDA” were
references to such Acquired Entity or Business), as determined on a consolidated basis for such Acquired Entity or Business in accordance with GAAP. 

“Acquired Entity or Business” has the meaning assigned to such term in the definition of “Consolidated Adjusted
EBITDA.” 
 “Adverse Proceeding” means any action, suit, proceeding (whether administrative, judicial or otherwise),
governmental investigation or arbitration (whether or not purportedly on behalf of Holdings or any of its Subsidiaries) at law or in equity, or before or by any Governmental Authority, domestic or foreign (including any Environmental Claims),
whether pending or, to the knowledge of Holdings, threatened in writing against or affecting Holdings or any of its Subsidiaries or any property of Holdings or any of its Subsidiaries. 

“Affiliate” means, as applied to any Person, any other Person directly or indirectly Controlling, Controlled by, or under
common Control with, that Person and shall include any Person that directly or indirectly owns 10% or more of any class of Capital Stock of the Person specified. None of the Lender or any of its Affiliates shall be considered an Affiliate of
Holdings or any subsidiary thereof. 
 “Agreement” has the meaning assigned to such term in the preamble to this Agreement.

 “Anti-Corruption Laws” means Requirements of Law relating to antibribery or anti-corruption (governmental or
commercial), including, without limitation, laws that prohibit the corrupt payment, offer, promise, or authorization of the payment or transfer of anything of value (including gifts or entertainment), directly or indirectly, to any foreign
government official, foreign government employee, person or commercial entity to obtain a business advantage, or the offer, promise, or gift of, or the request for, agreement to receive or receipt of a financial or other advantage to induce or
reward the improper proper performance of a relevant function or activity; such as, without limitation, the U.S. Foreign Corrupt Practices Act of 1977, as amended from time to time, and all laws enacted to implement the Organisation for Economic Co-operation and Development Convention on Combating Bribery of Foreign Public Officials in International Business Transactions applicable in the United States. 

“Anti-Terrorism Laws” means Requirements of Law relating to terrorism or money laundering in the United States, including the
Executive Order, the USA PATRIOT Act, together with all rules, regulations and interpretations thereunder or related thereto. 

“Applicable Premium” means, with respect to the principal amount of the Loan being prepaid or repaid, as the case may be, on
any applicable payment date, the excess, if any, of (i) the sum of (A) (x) for any applicable payment date during the period from the Closing Date until (and including) the first anniversary thereof, 107.5% of the principal amount of the
Loan being prepaid or repaid, (y) for any applicable payment date during the period from (but not including) the first anniversary of the Closing Date until (and including) the second anniversary of the Closing Date, 106.5% of the principal
amount of the Loan being prepaid or repaid, and (z) for any applicable payment date during the period after the second anniversary of the Closing Date, 105.5% of the principal amount of the Loan being prepaid or repaid, plus (B) the
present value at such payment date of the sum of all required remaining scheduled interest payments due (including, if applicable, any default interest that may be applicable at the time of repayment or

  
 2 

 
prepayment) on the principal amount of the Loan being repaid or prepaid through the Maturity Date (excluding accrued but unpaid interest to such payment date), with such present value computed
using a discount rate equal to the then-current U.S. Treasury Note yield corresponding closest to the remaining weighted average life on such repaid or prepaid amount calculated at the time of the prepayment plus 0.50% per annum over
(ii) the then outstanding principal amount of the Loan being repaid or prepaid (for the avoidance of any doubt, in the event the Applicable Premium is payable pursuant to Article 7, for purpose of calculating the Applicable Premium, the
Maturity Date used for any such calculation shall be as such term is defined in this Article 1). The Applicable Premium shall be calculated by the Lender or on behalf of the Lender by such Person as the Lender shall designate in its reasonable
discretion and such calculation shall be deemed conclusive for all purposes hereunder absent manifest error. 
 “Available Equity
Amount” means, at any applicable time (the “Available Equity Amount Reference Time”), an amount (which shall not be less than zero) equal at such time to (a) the aggregate amount of cash contributed to the capital of
Holdings or the cash proceeds received by Holdings from the issuance of any Qualified Capital Stock (or incurrence of Indebtedness that has been converted into or exchanged for Qualified Capital Stock of Holdings), in each case during the period
from and including the Business Day immediately following the Closing Date through and including the Available Equity Amount Reference Time, but excluding all proceeds from the issuance of Disqualified Capital Stock minus (b) the sum,
without duplication, and, without taking into account the proposed portion of the Available Equity Amount calculated above to be used at the applicable Available Equity Amount Reference Time, of (i) the aggregate amount of any Investments made
by Holdings or any Subsidiary using the Available Equity Amount pursuant to Section 6.05(t) after the Closing Date and prior to the Available Equity Amount Reference Time, (ii) the aggregate amount of any Restricted
Payments made by Holdings or any Subsidiary using the Available Equity Amount pursuant to Section 6.04(a)(vii) after the Closing Date and prior to the Available Equity Amount Reference Time and (iii) the aggregate
amount of Restricted Debt Payments made by Holdings or any Subsidiary using the Available Equity Amount pursuant to Section 6.04(c)(iv)(C) after the Closing Date and prior to the Available Equity Amount Reference Time. For
the avoidance of any doubt, no cash contributed to the capital of Holdings (whether as a result of the issuance of Capital Stock or otherwise) in connection with the Transactions shall constitute any portion of the Available Equity Amount. 

“Available Equity Amount Reference Time” shall have the meaning given to such term in the definition of the term
“Available Equity Amount.” 
 “Bankruptcy Code” means Title 11 of the U.S. Code (11 U.S.C. § 101 et seq.).

 “Board” means the Board of Governors of the Federal Reserve System of the U.S. 

“Board of Directors” means, with respect to any Person, (a) in the case of any corporation, the board of directors of
such Person or any committee thereof duly authorized to act on behalf of such board, (b) in the case of any limited liability company, the board of managers, board of directors, manager or managing member of such Person or the functional
equivalent of the foregoing, (c) in the case of any partnership, the board of directors, board of managers, manager or managing member of a general partner of such Person or the functional equivalent of the foregoing and (d) in any other
case, the functional equivalent of the foregoing. 
 “Borrower” shall have the meaning given to such term in the preamble
hereto. 
 “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York
City are authorized or required by law to remain closed. 

  
 3 

 “Business Optimization Initiative” has the meaning assigned to such term in
the definition of Consolidated Adjusted EBITDA. 
 “Call Protection Termination Date” has the meaning assigned to such term
in Section 2.03(a). 
 “Capital Stock” means 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), including partnership interests and membership interests, and any and all warrants, rights
or options to purchase or other arrangements or rights to acquire any of the foregoing, but excluding for the avoidance of doubt any Indebtedness convertible into or exchangeable for any of the foregoing. 

“Cash” means money, currency or a credit balance in any demand account or deposit account. For the avoidance of doubt, and in
respect of any financial covenant or ratio, the amount of Cash at any time shall be determined in accordance with GAAP. 
 “Cash
Equivalents” means, as at any date of determination, 
 (a) readily marketable securities (i) issued or
directly and unconditionally guaranteed or insured as to interest and principal by the government of the U.S., Canada, the United Kingdom or any member nation of the European Union rated at least A-2 from
S&P or at least P-2 from Moody’s (or, if at any time either S&P or Moody’s is not rating such obligations, an equivalent rating from another nationally recognized statistical rating agency)
or (ii) issued by any agency or instrumentality of any of the foregoing, the obligations of which are backed by the full faith and credit of the U.S., Canada, the United Kingdom or any such member nation of the European Union, as applicable, in
each case having average maturities of not more than 24 months from the date of acquisition thereof and, in each case, repurchase agreements and reverse repurchase agreements relating thereto; 

(b) readily marketable direct obligations issued by any state, commonwealth or territory of the U.S. or any political
subdivision, taxing authority or any public instrumentality thereof or by any foreign government, in each case having average maturities of not more than 24 months from the acquisition thereof and having, at the time of the acquisition thereof, a
rating of at least A-2 from S&P or at least P-2 from Moody’s (or, if at any time either S&P or Moody’s is not rating such obligations, an equivalent
rating from another nationally recognized statistical rating agency) or otherwise having an investment grade rating from S&P or Moody’s and, in each case, repurchase agreements and reverse repurchase agreements relating thereto; 

(c) commercial paper and variable fixed rate notes having average maturities of not more than 24 months from the date of
creation thereof and having, at the time of the acquisition thereof, a rating of at least A-2 from S&P or at least P-2 from Moody’s (or, if at any time either
S&P or Moody’s is not rating such obligations, an equivalent rating from another nationally recognized statistical rating agency); 

(d) deposits, money market deposits, time deposit accounts, certificates of deposit or bankers’ acceptances (or similar
instruments) maturing within one year after such date and issued or accepted by the Lender or by any bank organized under, or authorized to operate as a bank under, the laws of the U.S., any state thereof or the District of Columbia or any political
subdivision thereof and that has capital and surplus of not less than $100,000,000 and, in each case, repurchase agreements and reverse repurchase agreements relating thereto; 

  
 4 

 (e) securities with maturities of six months or less from the date of
acquisition backed by standby letters of credit issued by any commercial bank having capital and surplus of not less than $500,000,000; and 

(f) marketable short-term money market and similar highly liquid funds (i) having a rating of at least P-2 or A-2 from either Moody’s or S&P, respectively (or, if at any time either S&P or Moody’s is not rating such obligations, an equivalent rating from
another nationally recognized statistical rating agency) or (ii) having assets in excess of (x) $500,000,000 in the case of U.S. banks or other U.S. financial institutions and (y) $250,000,000 (or the dollar equivalent as of the date of
determination) in the case of non-U.S. banks or other non-U.S. financial institutions. 

“Casualty/Condemnation Event” means any event that gives rise to the receipt by Holdings or any Subsidiary of any Cash
payments or proceeds (i) under any casualty insurance policy in respect of a covered loss thereunder of any assets of Holdings or any of its Subsidiaries or (ii) as a result of the taking of any assets of Holdings or any of its
Subsidiaries by any Person pursuant to the power of eminent domain, expropriation, condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of such a taking. 

“CFC” means a “controlled foreign corporation” within the meaning of Section 957 of the Code. 

“Change of Control” means the earliest to occur of: 

(a) at any time prior to a Qualifying IPO, the Permitted Holders ceasing to beneficially own, either directly or indirectly,
Capital Stock representing more than 50.0% of the total voting power of all of the outstanding Voting Stock of Holdings unless the Permitted Holders otherwise have the right (pursuant to contract, proxy or otherwise), directly or indirectly, to
designate, nominate or appoint (and do so designate, nominate or appoint) directors of Holdings having a majority of the aggregate votes on the Board of Directors (or functional equivalent thereof) of Holdings, so long as for purposes of this clause
(a), the Sponsor shall either directly or indirectly control at least 30% of the outstanding voting equity interests of Holdings; 

(b) at any time on or after a Qualifying IPO, the acquisition by any Person or group, including any group acting for the
purpose of acquiring, holding or disposing of Securities, other than one or more Permitted Holders, of Capital Stock representing more than the greater of (i) 35.0% of the total voting power of all of the outstanding Voting Stock of Holdings and
(ii) the percentage of the total voting power of all of the outstanding Voting Stock of Holdings owned, directly or indirectly, beneficially by the Permitted Holders unless the Permitted Holders otherwise have the right (pursuant to contract,
proxy or otherwise), directly or indirectly, to designate, nominate or appoint (and do so designate, nominate or appoint) directors of Holdings having a majority of the aggregate votes on the Board of Directors (or functional equivalent thereof) of
Holdings; or 
 (c) the Borrower ceases to be a direct Wholly-Owned Subsidiary of Holdings. 

For purposes of this definition including other defined terms used herein in connection with this definition and notwithstanding anything to
the contrary in this definition or any provision of Section 13(d)-3 or 13(d)-5 of the Exchange Act, (i) “beneficial ownership” shall be as defined in
Rules 13(d)-3 and 13(d)-5 under the Exchange Act as in effect on the date hereof and (ii) the words “Person” and “group” shall be within the
meaning of Section 13(d) or 14(d) of the Exchange Act. 

  
 5 

 For purposes of this definition and any related definition to the extent used for purposes
of this definition, at any time when 50.0% or more of the total voting power of the Voting Stock is directly or indirectly owned by parent holding companies, all references to Holdings shall be deemed to refer to its ultimate parent holding company
(but excluding any Permitted Holder) that directly or indirectly owns such Voting Stock. 
 “Closing Date” means
December 9, 2021. 
 “Closing Date Intercreditor Agreement” means that certain First Lien Intercreditor Agreement,
dated as of the Closing Date, by and among Holdings, the Borrower, the Lender, as First Lien Agreement Lender (as defined therein), Bank of America, N.A., as PR Authorized Representative and Initial Additional Authorized Representative (each as
defined therein), and each additional authorized representative and collateral agent from time to time party thereto (as may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms). 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Collateral” means any and all property of a Loan Party subject to a Lien under the Collateral Documents and any and all
other property of any Loan Party, now existing or hereafter acquired, that is or becomes subject to a Lien pursuant to the Collateral Documents to secure the Obligations. 

“Collateral Documents” means, collectively, the Pledge and Security Agreement, the Mortgages (if any) and each other
Collateral Document described on Schedule 5.14 and any other documents granting a Lien upon the Collateral as security for payment of the Obligations pursuant to the terms hereof or any other Loan Document. 

“Compliance Certificate” means a Compliance Certificate substantially in the form of Exhibit A.

 “Confidential Information” has the meaning assigned to such term in Section 8.13(a). 

“Consolidated Adjusted EBITDA” means, for any period, an amount determined for Holdings and its Subsidiaries on a
consolidated basis equal to the total of (a) Consolidated Net Income for such period plus (b) the sum, without duplication, of (to the extent deducted in calculating Consolidated Net Income, other than in respect of clauses
(v), (viii) and (ix) below) the amounts of: 
 (i) total interest expense (including non-cash interest expense) and, to the extent not reflected in such total interest expense, any losses on obligations under hedging and similar agreements or other derivative instruments entered into for the purpose
of hedging interest rate risk, net of interest income and gains on such hedging and similar agreements or such derivative instruments, bank and letter of credit fees, amortization of deferred financing fees or costs and costs of surety bonds in
connection with financing activities; 
 (ii) (A) Taxes paid (including pursuant to any Tax sharing arrangements) and
provisions for Taxes (including changes in valuation allowances for deferred tax assets) of Holdings and its Subsidiaries, including, in each case federal, state, provincial, territorial, local, foreign, unitary, income, capital, franchise, excise,
property, value added, withholding and similar Taxes (including in respect of repatriated funds) and (B) any penalties and interest related to such Taxes or arising from any tax examinations paid or accrued during such period; 

(iii) total depreciation and amortization expense; 

(iv) other non-Cash charges, losses or expenses (including, if applicable, any excess
of rent expense over actual cash rent paid due to the use of straight line rent for GAAP purposes); provided that if any such non-Cash charge, loss or expense represents an accrual or reserve for
potential Cash items in any future period, (A) Holdings may determine not to add back such non-Cash charge, loss or expense in the current period and (B) to the extent Holdings does decide to add
back such non-Cash charge, loss or expense, the Cash payment in respect thereof in such future period shall be subtracted from Consolidated Adjusted EBITDA in the period in which such payment is made; 

  
 6 

 (v) the amount of any expense or deduction associated with any Subsidiary of
Holdings attributable to non-controlling interests or minority or other interests of third parties; 

(vi) (A) the amount of any portion of management, monitoring, consulting, transaction and advisory fees (including
any subsequent transaction, exit or termination fee), (B) the amount of indemnities and related expenses actually paid by or on behalf of, or accrued by, Holdings or any of its Subsidiaries to the Investors (or their Affiliates or management
companies) to the extent permitted under this Agreement and (C) the amount of fees, expenses and indemnities paid to directors, including of Holdings or any direct or indirect parent thereof; provided, that the aggregate amount of any
adjustments made pursuant to clause (A) of this clause (vi) shall not exceed in the aggregate 2.0% of Consolidated Adjusted EBITDA for such period (calculated prior to giving effect to any such adjustments); 

(vii) the amount of any costs, charges, accruals, reserves or expenses in connection with a single or one-time event, including in connection with the Transactions, any acquisition or any other Investment, in each case, permitted hereunder and consummated or unconsummated after the Closing Date (including, without
limitation, legal, accounting and other professional fees and expenses incurred in connection with any acquisition or other Investments); 

(viii) the pro forma “run rate” expected cost savings, operating improvements and expense reductions and other
synergies (net of the amount of actual amounts realized and, solely in the case of the Transactions, with such other synergies to be limited to cost synergies) (collectively, “Expected Run Rate Benefit”) reasonably identifiable and
factually supportable (in the good faith determination of a Financial Officer of the Borrower) related to the Transactions or any asset sales, mergers or other business combinations, acquisitions, Investments, Dispositions or divestitures, operating
improvements, expense reductions, restructurings, cost savings initiatives and other initiatives and specified transactions, in each case, not prohibited by this Agreement and whether consummated or adopted, as applicable, on or after the Closing
Date (any such operating improvement, expense reduction, restructuring, cost savings initiative and/or other initiative, a “Business Optimization Initiative”), which Expected Run Rate Benefit shall be added to Consolidated Adjusted
EBITDA until fully realized and calculated on a Pro Forma Basis as though such Expected Run Rate Benefit had been realized on the first day of the relevant period (it being understood and agreed that “run rate” shall mean the full
recurring benefit that is associated with any action taken); provided that (A) such Expected Run Rate Benefit is projected by a Financial Officer of the Borrower in good faith to be realized as a result of actions that have been taken or
initiated or are expected to be taken within 18 months of the event giving rise thereto or the consummation of such transaction or initiative and (B) the share of any such Expected Run Rate Benefit with respect to a joint venture that are to be
allocated to Holdings or any of the Subsidiaries shall not exceed the total amount thereof for any such joint venture multiplied by the percentage of income of such venture expected to be included in Consolidated Adjusted EBITDA for the relevant
Test Period; provided, further, that the aggregate amount of any adjustments made pursuant to (1) this clause (b)(viii) for any transactions or Business Optimization Initiatives, (2) clause (b)(xiii) of this definition,
(3) clause (c) of the definition of “Consolidated Net Income” and (4) clause (i) of the definition of “Consolidated Net Income” shall not exceed in the aggregate 25% of Consolidated Adjusted EBITDA for such period
(calculated prior to giving effect to any such adjustments under such clauses); 

  
 7 

 (ix) to the extent not otherwise included in Consolidated Net Income,
proceeds of business interruption insurance in an amount representing the earnings for the applicable period that such proceeds are intended to replace (whether or not received so long as the Borrower in good faith expects to receive the same within
the next four Fiscal Quarters (it being understood that to the extent not actually received within such Fiscal Quarters, such proceeds shall be deducted in calculating Consolidated Adjusted EBITDA for such Fiscal Quarters)); 

(x) any expenses and charges that are reimbursed by indemnification or other reimbursement provisions in connection with any
investment or any sale, conveyance, transfer or other Disposition of assets permitted hereunder; 
 (xi) Cash actually
received (or any netting arrangements resulting in reduced Cash expenditures) during such period, and not included in Consolidated Net Income for such period, to the extent that the non-Cash gain relating to
such Cash receipt or netting arrangement was deducted in the calculation of Consolidated Adjusted EBITDA pursuant to clause (c)(i) below for any previous period and not added back or was realized in a period prior to the Closing Date; 

(xii) any costs or expense incurred pursuant to any management equity plan, profits interest plan or stock option plan or any
other management or employee benefit plan or agreement or any subscription or shareholder agreement, solely to the extent that such cost or expenses are funded solely with cash proceeds contributed to the capital of Holdings or Net Proceeds of an
issuance of Capital Stock of Holdings during such applicable measurement period (or any Parent Company) (other than Disqualified Capital Stock); 

(xiii) costs, expenses, charges, accruals, reserves (including restructuring costs related to acquisitions prior to, on or
after the Closing Date) or expenses attributable to the undertaking and/or the implementation of cost savings initiatives, operating expense reductions, operating improvements and other restructuring and integration and transition costs, costs
associated with inventory category and distribution optimization programs, pre-opening, opening and other business optimization expenses (including software development costs), future lease commitments,
consolidation, discontinuance and closing and consolidation costs and expenses for locations and/or facilities, contract termination payments, signing, retention and completion bonuses, abandoned acquisition costs, costs related to entry and
expansion into new markets (including consulting fees) or the exit from existing markets (including with respect to the termination of customer, vendor, supplier, lease or other contracts) and to modifications to pension and post-retirement employee
benefit plans, system design, establishment and implementation costs and project start-up costs; provided, that the aggregate amount of any adjustments made pursuant to (1) this clause (b)(xiii),
(2) clause (b)(viii) of this definition, (3) clause (c) of the definition of “Consolidated Net Income” and (4) clause (i) of the definition of “Consolidated Net Income” shall not exceed in the aggregate 25% of
Consolidated Adjusted EBITDA for such period (calculated prior to giving effect to any such adjustments under such clauses); 

(xiv) adjustments and add backs expressly reflected and for the time periods specified in (a) the model provided by the
Lender to the Sponsor, dated as of September 10, 2021 and (b) the Quality of Earnings Analysis provided by the Lender, dated as of September 10, 2021; 

  
 8 

 (xv) [reserved]; and 

(xvi) costs and expenses related to the entry into new contracts during such period, including the start-up and ramp-up costs associated therewith; 
 minus
(c) without duplication and to the extent such amounts increase Consolidated Net Income: 
 (i) other non-Cash gains, including deductions for the excess of actual Cash rent paid over GAAP rent expense during such period due to the use of a straight line rent for GAAP purposes but excluding any non-cash gains that represent the reversal of any accrual of, or cash reserve for, anticipated cash items that reduced Consolidated EBITDA in any prior period; provided that if any non-Cash gain or income relates to potential Cash items in any future periods, the Borrower may determine not to deduct such non-Cash gain or income in the current period;

 (ii) any realized or unrealized net gains in respect of any obligation under hedging and similar agreements; 

(iii) the amount of any income associated with any Subsidiary of Holdings attributable to
non-controlling interests or minority interests of third parties; 
 (iv) the amount
added back to Consolidated Adjusted EBITDA pursuant to clause (b)(ix) above to the extent such business interruption proceeds were not received within the time period required by such clause; and 

(v) to the extent that the amount of any non-Cash charge is added back to Consolidated
Adjusted EBITDA pursuant to clause (b)(iv) above, the Cash payment in respect thereof in such future period. 
 There shall be
included in determining Consolidated Adjusted EBITDA for any period, without duplication, the Acquired EBITDA of any Person, property, business or asset acquired by Holdings or any Subsidiary during such period (but not the Acquired EBITDA of any
related Person, property, business or assets to the extent not so acquired), to the extent not subsequently sold, transferred or otherwise Disposed of by Holdings or such Subsidiary during such period (each such Person, property, business or asset
acquired (including pursuant to a Permitted Acquisition (or similar Investment)) and not subsequently so Disposed of, an “Acquired Entity or Business”), based on the actual Acquired EBITDA of such Acquired Entity or Business for
such period (including the portion thereof occurring prior to such acquisition) determined on a historical pro forma basis. There shall be excluded in determining Consolidated Adjusted EBITDA for any period the Disposed EBITDA of any Person,
property, business or asset sold, transferred or otherwise Disposed of, closed or classified as discontinued operations by Holdings or any Subsidiary during such period (each such Person, property, business or asset so sold or Disposed of, a
“Sold Entity or Business”), based on the actual Disposed EBITDA of such Sold Entity or Business for such period (including the portion thereof occurring prior to such sale, transfer or Disposition) determined on a historical pro
forma basis; provided that for the avoidance of doubt, notwithstanding any classification under GAAP of any Person or business in respect of which a definitive agreement for the Disposition thereof has been entered into as discontinued
operations, the Disposed EBITDA of such Person or business shall not be excluded pursuant to this paragraph until such Disposition shall have been consummated. 

  
 9 

 Notwithstanding anything to the contrary herein, and subject to, without any duplication of
any adjustments already included in the amounts below, other adjustments contemplated by clauses (b)(viii) and (b)(xiii) above, it is agreed that for any period that includes the Fiscal Quarters ended December 31, 2020, March 31, 2021,
June 30, 2021 or September 30, 2021, Consolidated Adjusted EBITDA for each such applicable Fiscal Quarter shall be as specified on Schedule 1.01(a). 

“Consolidated Net Income” means, for any period, the net income (or
loss) of Holdings and its Subsidiaries on a consolidated basis for such period taken as a single accounting period determined in conformity with GAAP (and, without duplication, taking into account any cash expenses in respect of Financing Lease
Obligations and operating leases); provided that there shall be excluded, without duplication, 
 (a) the income (or
loss) of any Person (other than Holdings or a Subsidiary of Holdings) in which any other Person (other than Holdings or any of its Subsidiaries) has a joint interest, except, with respect to any income, to the extent of the amount of dividends or
distributions or other payments (including any ordinary course dividend, distribution or other payment) paid in Cash (or to the extent converted into Cash) or Cash Equivalents to Holdings or any of its Subsidiaries by such Person during such period,

 (b) gains, income, losses, expenses or charges (less all fees and expenses chargeable thereto) attributable to
(i) asset Dispositions or (ii) returned surplus assets of any Pension Plan, in each case outside of the ordinary course of business, 

(c) gains, income, expenses, charges or losses arising in connection with exceptional, extraordinary, unusual, non-recurring and/or one-time events (in each case as determined in good faith by the Borrower), and, in each case, any accruals or reserves in respect thereof and, excluding
for the avoidance of doubt, any gain resulting from payments received by Holdings or any Subsidiary in respect of the early termination of a customer contract, in each case as set forth in reasonable detail in the Compliance Certificate for the
applicable Test Period; provided, that the aggregate amount of any adjustments made pursuant to (1) this clause (c), (2) clause (b)(viii) of the definition of “Consolidated Adjusted EBITDA”, (3) clause (b)(xiii) of the
definition of “Consolidated Adjusted EBITDA” and (4) clause (i) of the definition of “Consolidated Net Income”, shall not exceed in the aggregate 25% of Consolidated Adjusted EBITDA for such period (calculated prior to
giving effect to any such adjustments under such clauses), 
 (d) any unrealized or realized net foreign currency translation
or transaction gains or losses impacting net income (including currency re-measurements of Indebtedness and any net gains or losses resulting from hedge agreements for currency exchange risk associated with
the above or any other currency related risk and those resulting from intercompany Indebtedness and revaluations of intercompany balances or other balance sheet items), 

(e) any net gains, income, losses, expenses or charges with respect to (i) disposed, abandoned, divested and discontinued
operations and any accretion or accrual of discounted liabilities on the disposal of such disposed, divested, abandoned and discontinued operations (other than, at the option of the Borrower, any asset, property or operation pending the disposal,
abandonment, divestiture or termination thereof) and (ii) locations, facilities, stores or distribution centers that have been closed during such period, 

(f) any net income or loss (less all fees and expenses or charges related thereto) attributable to the early extinguishment of
Indebtedness (and termination of any associated hedge agreements), 

  
 10 

 (g) (i) effects of adjustments (including the effects of such
adjustments pushed down to Holdings and its Subsidiaries) in Holdings’ consolidated financial statements pursuant to GAAP (including in the inventory, property and equipment, rights, fee arrangements, software, goodwill, intangible assets, in-process research and development, deferred revenue, advanced billings, leases and debt line items thereof) resulting from the application of recapitalization accounting or acquisition or purchase accounting, as
the case may be, in relation to the Transactions or any consummated acquisition or the amortization or write-off of any amounts thereof and (ii) the cumulative effect of changes in accounting principles
or policies and changes as a result of the adoption or modification of accounting policies, 
 (h) (A) Transaction
Costs, (B) transaction fees, costs and expenses (including any transaction or retention bonus or similar payment and any non-recurring merger and amalgamation costs) incurred in connection with the
consummation of any transaction (or any transaction proposed and not consummated), that is expressly permitted under this Agreement, including the issuance or offering of Capital Stock, Investments, acquisitions, Dispositions, recapitalizations,
mergers, consolidations or amalgamations, option buyouts or the incurrence, repayment, refinancing, amendment or modification of Indebtedness (including any amortization or write-off of debt issuance or
deferred financing costs, premiums and prepayment penalties and any such fees, costs or expenses related to this Agreement) or similar transactions and (C) the amount of any fee, cost, charge, expense or reserve to the extent actually
reimbursed or reimbursable by third parties pursuant to indemnification or reimbursement provisions or similar agreements or insurance, and 

(i) charges, expenses, costs, accruals, reserves (including any accruals or reserves in respect of any extraordinary, non-recurring or unusual items) or losses of any kind, attributable to the undertaking of new initiatives, business optimization activities, cost savings initiatives, cost rationalization programs, operating expense
reductions, other operating improvements and/or synergies and/or similar initiatives and/or programs, integration, transition, reconstruction, decommissioning, recommissioning or reconfiguration of fixed assets for alternative uses, facility or
office opening and pre-opening costs (including unused warehouse, facilities or office space costs and any related employee hiring or retention costs, start-up costs,
initial testing and registration costs in new markets, the cost of feasibility studies, travel costs for employees engaged in activities relating to any or all of the foregoing and the allocation of general and administrative support in connection
with any or all of the foregoing), any business optimization charge, any charge relating to the destruction of equipment, any restructuring charge (including any charge relating to any tax restructuring), any charge relating to the closure or
consolidation of any facility (including but not limited to rent termination costs, reconfiguration costs and moving costs and legal costs), any systems implementation charge, any severance charge, any charge relating to entry into a new market, any
charge relating to any strategic initiative, any signing charge, any retention or completion bonus, any expansion and/or relocation charge, any charge associated with any modification to any pension and post-retirement employee benefit plan, any
software or intellectual property development charge, any charge associated with new systems design or product development, new systems design costs, any implementation or upgrade charge or expense, any startup charge, any charge in connection with
new operations, any charge relating to a new contract, any consulting charge and/or any corporate development charge, consulting and other professional fees and costs, executive recruiting costs, relocation expenses and severance payments, costs
related to the closure, consolidation or transfer of production lines between facilities and curtailments; costs related to the consolidation, closing or reconfiguration of facilities, branches or distribution centers; costs related to the exiting
of lines of business or products; and contract termination costs, in each case as set forth in reasonable detail in the Compliance Certificate for the applicable Test Period; provided, that the aggregate amount of any adjustments made
pursuant to (1) this clause (i), (2) clause (b)(viii) of the definition of “Consolidated Adjusted EBITDA”, (3) clause (b)(xiii) of the definition of “Consolidated Adjusted EBITDA” and (4) clause (c) of the definition of
“Consolidated Net Income”, shall not exceed in the aggregate 25% of Consolidated Adjusted EBITDA for such period (calculated prior to giving effect to any such adjustments under such clauses). 

  
 11 

 “Consolidated Total Debt” means (a) the aggregate principal amount of
Indebtedness of Holdings and its Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP, consisting of Indebtedness for borrowed money, Disqualified Capital Stock, Financing Lease Obligations and debt
obligations evidenced by promissory notes, bonds, indentures, credit agreements or similar instruments minus (b) the Unrestricted Cash Amount as of such date in an amount not to exceed $100,000,000. 

“Consolidated Total Leverage Ratio” means the ratio, as of any date of determination, of (a) Consolidated Total
Debt as of the last day of the Test Period most recently ended on or prior to the date of determination to (b) Consolidated Adjusted EBITDA for the most recently ended Test Period. 

“Contractual Obligation” means, as applied to any Person, any provision of any Security issued by that Person or of any
material indenture, mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject. 

“Control” means 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. 

“Debtor Relief Laws” means the Bankruptcy Code of the U.S., and all other liquidation, conservatorship, bankruptcy, general
assignment for the benefit of creditors, moratorium, arrangement, rearrangement, receivership, insolvency, reorganization or similar debtor relief laws of the U.S. or other applicable jurisdictions from time to time in effect and affecting the
rights of creditors generally. 
 “Declined Proceeds” has the meaning assigned to such term in
Section 2.03(b)(iii). 
 “Default” means any event or condition which upon notice, lapse of time
or both would (unless cured or waived) become an Event of Default. 
 “Derivative Transaction” means (a) any
interest-rate transaction, including any interest-rate swap, basis swap, forward rate agreement, interest rate option (including a cap, collar or floor), and any other instrument linked to interest rates that gives rise to similar credit risks
(including when-issued securities and forward deposits accepted), (b) any exchange-rate transaction, including any cross-currency interest-rate swap, any forward foreign-exchange contract, any currency option, and any other instrument linked to
exchange rates that gives rise to similar credit risks, (c) any equity derivative transaction, including any equity-linked swap, any equity-linked option, any forward equity-linked contract, and any other instrument linked to equities that
gives rise to similar credit risk and (d) any commodity (including precious metal) derivative transaction, including any commodity-linked swap, any commodity-linked option, any forward commodity-linked contract, and any other instrument linked
to commodities that gives rise to similar credit risks. 
 “Designated Non-Cash
Consideration” means the Fair Market Value of non-Cash consideration received by Holdings or its Restricted Subsidiaries in connection with a Disposition pursuant to
Section 6.06(g) that is designated as “Designated Non-Cash Consideration” pursuant to a certificate of a Responsible Officer of Holdings delivered to the Lender, setting
forth the basis of such valuation. 

  
 12 

 “Disposed EBITDA” means, with respect to any Sold Entity or Business for
any period, the amount for such period of Consolidated Adjusted EBITDA of such Sold Entity or Business (determined as if references to Holdings and its Subsidiaries in the definition of the term “Consolidated Adjusted EBITDA” (and in the
component financial definitions used therein) were references to such Sold Entity or Business and its Subsidiaries), all as determined on a consolidated basis for such Sold Entity or Business. 

“Disposition” or “Dispose” means the sale, lease, sublease, or other disposition of any property of any
Person. 
 “Disqualified Capital Stock” means any Capital Stock which, by its terms (or by the terms of any Security into
which it is convertible or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable (other than for
Qualified Capital Stock and Cash in lieu of fractional shares), pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than for Qualified Capital Stock and Cash in lieu of fractional shares),
in whole or in part, on or prior to 91 days following the Maturity Date at the time such Capital Stock is issued, (b) is or becomes convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities
or loans or (ii) any Capital Stock that would constitute Disqualified Capital Stock, in each case at any time on or prior to 91 days following the Maturity Date at the time such Capital Stock is issued, (c) contains any mandatory
repurchase obligation which may come into effect prior to the Termination Date (or the date that is 91 days following the Maturity Date at the time such Capital Stock is issued) or (d) provides for the scheduled payments of dividends in Cash on
or prior to 91 days following the Maturity Date at the time such Capital Stock is issued; provided, however, that only the portion of Capital Stock that so matures or is mandatorily redeemable, is so convertible or exchangeable or is so
redeemable at the option of the holder thereof prior to such date shall be deemed to be Disqualified Capital Stock; provided that, if such Capital Stock is issued pursuant to any plan for the benefit of officers, directors, employees or
consultants of Holdings (or any Parent Company), the Borrower or any of its Subsidiaries or by any such plan to such officers, directors, employees or consultants, such Capital Stock shall not constitute Disqualified Capital Stock solely because it
may be required to be repurchased by Holdings (or any Parent Company), the Borrower or any of its Subsidiaries in order to satisfy applicable statutory or regulatory obligations or as a result of such officer’s, director’s, employee’s
or consultant’s termination, death or disability; provided, further, however, that any Capital Stock held by any future, current or former employee, officer, manager, consultant, director, employee or independent contractor of Holdings, the
Borrower, any of its Subsidiaries or any Parent Company, in each case pursuant to any equity option or equity appreciation rights plan, any management, director and/or employee equity ownership or incentive plan, equity subscription plan or
subscription agreement, employment termination agreement or any other employment agreement or equity holders’ agreement shall not constitute Disqualified Capital Stock solely because it may be required to be repurchased by Holdings, the
Borrower or its Subsidiaries; and provided, further, however, that any class of Capital Stock of such Person that by its terms requires such Person to satisfy its obligations thereunder by delivery of Capital Stock that is not Disqualified Capital
Stock shall not be deemed to be Disqualified Capital Stock. 
 “Disqualified Lender” means those Persons identified on
Schedule 1.01(b). 
 “Dollars” or “$” refers to lawful money of the United States. 

“Domestic Subsidiary” means any Subsidiary incorporated or organized under the laws of United States or any state thereof.

  
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 “Effective Yield” shall mean, as to any Indebtedness on any date of
determination, the effective yield paid by the Borrower on such Indebtedness as determined by the Borrower and the Lender in a manner consistent with generally accepted financial practices, taking into account (a) the applicable interest rate
margins, (b) any interest rate “floors” (the effect of which floors shall be determined in a manner set forth in the proviso below and assuming that, if interest on such Indebtedness is calculated on the basis of a floating rate, that
LIBOR or similar component of such formula is included in the calculation of Effective Yield) or similar devices, (c) any amendment to the relevant interest rate margins and interest rate floors prior to the applicable date of determination and
(d) all fees, including upfront or similar fees or original issue discount (amortized over the shorter of (x) the remaining weighted average life to maturity of such Indebtedness and (y) the four years following the date of incurrence
thereof) payable generally by or on behalf of the Borrower to the lenders or other institutions providing such Indebtedness, but excluding arrangement fees, structuring fees, commitment fees, underwriting fees, closing payments or other similar
fees, in each case payable to any lead arranger, bookrunner, manager, agent or Person in a similar capacity (or their affiliates) in connection with the commitment, syndication, marketing or offering of such Indebtedness and not payable to all
lenders, and customary consent or amendment fees paid generally to consenting lenders (and regardless of whether any such fees are paid to, or shared in whole or in part with, any lender), ticking fees accruing prior to the funding of any such
Indebtedness and any other fees of the type not paid or payable generally by or on behalf of the Borrower to lenders or other institutions in connection with the commitment, marketing or offering of such Indebtedness; provided that, with respect to
any Indebtedness that includes a “floor”, (A) to the extent that the relevant benchmark on the date that the Effective Yield is being calculated is less than such floor, the amount of such difference shall be deemed added to the interest
rate margin for such Indebtedness for the purpose of calculating the Effective Yield and (B) to the extent that the relevant benchmark on the date that the Effective Yield is being calculated is greater than such floor, then the floor shall be
disregarded in calculating the Effective Yield. 
 “Environment” shall mean ambient air, indoor air, surface water,
groundwater, drinking water, land surface, sediments, and subsurface strata & natural resources such as wetlands, flora and fauna. 

“Environmental Claim” means any notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or
other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising out of any Environmental Law, including (a) pursuant to or in connection with any actual or alleged violation of any Environmental
Law; (b) in connection with any Release or threatened Release of Hazardous Material or any actual or alleged Hazardous Materials Activity; or (c) in connection with any actual or alleged damage, injury, threat or harm to natural resources
or the environment. 
 “Environmental Laws” means any and all applicable foreign or domestic, federal, provincial,
territorial or state (or any subdivision of either of them), statutes, ordinances, orders, rules, regulations, judgments, Governmental Authorizations, or any other applicable requirements of Governmental Authorities and the common law relating to
the protection of the environment, including those relating to any Hazardous Materials Activity, or the generation, use, storage, transportation or disposal of or exposure to Hazardous Materials, in any manner applicable to Holdings or any of its
Subsidiaries or any Facility. 
 “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of Holdings or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use,
handling, transportation, storage or treatment of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any Hazardous Materials 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. 

“ERISA” means the Employee Retirement Income Security Act of 1974. 

  
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 “ERISA Affiliate” means, as applied to any Person, (a) any corporation
which is a member of a controlled group of corporations within the meaning of Section 414(b) of the Code of which that Person is a member, (b) any trade or business (whether or not incorporated) which is a member of a group of trades or
businesses under common control within the meaning of Section 414(c) of the Code of which that Person is a member and (c) for purposes of Section 302 of ERISA and Section 412 of the Code, any organization which is a member of an
affiliated service group within the meaning of Section 414(m) of the Code of which that Person is a member or any other Person which is treated as a single employer with such Person under Section 414(o) of the Code. 

“ERISA Event” means (a) a “reportable event” within the meaning of Section 4043 of ERISA and the
regulations issued thereunder with respect to any Pension Plan (excluding those for which the 30-day notice period has been waived); (b) the failure to meet the minimum funding standard of Section 412 of
the Code or Section 302 of ERISA with respect to any Pension Plan; (c) the provision by the administrator of any Pension Plan pursuant to Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan in a distress
termination described in Section 4041(c) of ERISA; (d) the withdrawal by Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates from any Pension Plan with two or more contributing sponsors or the termination of any
such Pension Plan resulting in liability to Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates pursuant to Section 4063 or 4064 of ERISA; (e) the institution by the PBGC of proceedings to terminate any Pension
Plan, or the appointment of a trustee to administer any Pension Plan; (f) the imposition of liability on Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by
reason of the application of Section 4212(c) of ERISA; (g) a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) of Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates from any
Multiemployer Plan if there is any liability therefor under Title IV of ERISA, or the receipt by Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates of notice from any Multiemployer Plan that it is in insolvency pursuant to
Section 4245 of ERISA, or that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA; (h) the occurrence of an act or omission which could reasonably be expected to give rise to the imposition on Holdings, any
of its Subsidiaries or any of their respective ERISA Affiliates of fines, penalties, excise taxes or related charges under Chapter 43 of the Code or under Section 409, Section 502(c), (i) or (l), or Section 4071 of ERISA in respect of
any Pension Plan; or (i) the incurrence of liability or the imposition of a Lien pursuant to Section 436 or 430(k) of the Code or pursuant to ERISA with respect to any Pension Plan, other than for PBGC premiums due but not delinquent. 

“Event of Default” has the meaning assigned to such term in Article 7. 

“Exchange Act” means the Securities Exchange Act of 1934 and the rules and regulations of the SEC promulgated thereunder.

 “Excluded Accounts” means (a) payroll and other employee wage and benefit accounts, (b) tax accounts,
including, without limitation, sales tax accounts, (c) escrow accounts, (d) fiduciary or trust accounts, (e) accounts containing solely cash reserves maintained by Regulated Entities for the purpose of meeting required reserve
requirements, as required by applicable laws or regulations, and, in the case of clauses (a) through (e), the funds or other property held in or maintained in any such account (as long as the accounts described in clauses (a) through (e)
are used solely for such purposes), (f) that certain deposit account with account number ending x7928 maintained in the name of Pivotal Home Solutions, LLC with PNC Bank, National Association, so long as the aggregate amount of funds on deposit
therein is not in excess of $1,250,000 (plus any interest declared and paid thereon) at any time and (g) any account with funds on deposit averaging less than $2,500,000 (and in the aggregate of less than $5,000,000 at all times for all such
accounts). 

  
 15 

 “Excluded Assets” means (i) any
fee-owned real property that is not a Material Real Estate Assets and any leasehold interests in Real Estate Assets, (ii) any governmental licenses or state or local franchises, charters or
authorizations, to the extent a security interest in any such licenses, franchise, charter or authorization would be prohibited or restricted thereby (including any legally effective prohibition or restriction) after giving effect to the applicable
anti-assignment clauses of the Uniform Commercial Code and other applicable laws, other than the proceeds and receivables thereof the assignment of which is expressly deemed effective under the Uniform Commercial Code and other applicable laws
notwithstanding such prohibition, (iii) motor vehicles and other assets and personal property subject to certificates of title to the extent a Lien thereon cannot be perfected by the filing of a UCC financing statement or equivalent under
applicable law, (iv) assets and personal property for which a pledge thereof or a security interest therein is prohibited by applicable laws (including any legally effective requirement to obtain the consent of any Governmental Authority) after
giving effect to the applicable anti-assignment clauses of the Uniform Commercial Code and other applicable laws, other than the proceeds and receivables thereof the assignment of which is expressly deemed effective under the Uniform Commercial Code
and other applicable laws notwithstanding such prohibition, (v) Excluded Capital Stock, (vi) assets and personal property to the extent a security interest in such assets would result in material adverse tax consequences as reasonably
determined by the Borrower in good faith and consented to by the Lender, (vii) any intent-to-use trademark application prior to the filing of a “Statement of
Use” or “Amendment to Allege Use” with respect thereto, (viii) any assets held directly or indirectly by any CFC or FSHCO, (ix) Excluded Accounts, (x) cash reserves maintained by Regulated Entities for the purpose of
meeting required reserve requirements, as required by applicable laws or regulations (for avoidance of doubt, any cash amounts in excess of such requirements shall not constitute Excluded Assets by virtue of this clause (x)) and (xi) any lease,
license, contract, instrument or other agreements or any property (including personal property) subject to a purchase money security interest, Financing Lease Obligation or similar arrangements, in each case to the extent permitted under the Loan
Documents, to the extent that a pledge thereof or a security interest therein would violate or invalidate such lease, license, contract, instrument or agreement, purchase money, Financing Lease Obligation or similar arrangement, or create a right of
termination in favor of any other party thereto (other than the Borrower or a Guarantor) after giving effect to the applicable anti-assignment clauses of the Uniform Commercial Code and other applicable laws, other than the proceeds and receivables
thereof the assignment of which is expressly deemed effective under the Uniform Commercial Code and other applicable laws notwithstanding such prohibition. 

“Excluded Capital Stock” means (i) any Capital Stock with respect to which, in the reasonable judgment of the Lender and
the Borrower, the cost of pledging such Capital Stock shall be excessive in view of the benefits to be obtained by the Lender therefrom, (ii) solely in the case of any pledge of Capital Stock of any Subsidiary that is a CFC or FSHCO to secure
the Obligations, any Capital Stock that are Voting Stock of such Subsidiary that is a CFC or FSHCO in excess of 65% of the outstanding Capital Stock that are Voting Stock of such Subsidiary that is a CFC or FSHCO, (iii) any Capital Stock to the
extent, and for so long as, the pledge thereof would be prohibited by any applicable law (including any legally effective requirement to obtain the consent of any Governmental Authority unless such consent has been obtained), (iv) Capital Stock of
any Person (other than any Wholly-Owned Subsidiary) acquired after the Closing Date to the extent, and for so long as, the pledge of such Capital Stock would be prohibited by, or would create an enforceable right of termination in favor of any other
party thereto (other than Holdings, the Borrower or any Wholly-Owned Subsidiary) under, the terms of any Contractual Obligation, Organizational Document, joint venture agreement or shareholders’ agreement applicable to such Person (but only to
the extent any of the foregoing is not rendered ineffective by, or is otherwise unenforceable under, the UCC or any other applicable Law) (and so long as such Contractual Obligation or other relevant restriction was not incurred in contemplation of
such acquisition), (v) the Capital Stock of any Subsidiary of a CFC or FSHCO and (vi) any Capital Stock of any Subsidiary to the extent that the pledge of such Capital Stock would result in material adverse tax consequences to Holdings, the
Borrower or any Subsidiary or Parent Company of the Borrower as reasonably determined by the Borrower in good faith and as consented to by the Lender. 

  
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 “Excluded Subsidiary” means:
 
 (a) any Subsidiary acquired after the Closing Date that is not a Wholly-Owned Subsidiary or is a joint venture on any date such
Subsidiary would otherwise be required to become a Guarantor pursuant to the requirements of Section 5.10 (for so long as such Subsidiary remains a non-Wholly-Owned Subsidiary and
only so long as there is a bona fide business purpose for the transactions resulting in such Subsidiary being non-Wholly Owned); provided that the aggregate Fair Market Value at the time of the
applicable Disposition, of all such Subsidiaries which were Loan Parties, which as a result of a Disposition, become “Excluded Subsidiaries” after the Closing Date by virtue of this clause (a) shall not exceed an amount equal to the
greater of (a) $25,000,000 and (b) 25% of Consolidated Adjusted EBITDA for the most recently ended Test Period, 
 (b) any Subsidiary that is
prohibited by (x) applicable law or (y) Contractual Obligation from guaranteeing the Obligations (and for so long as such restriction is in effect); provided that in the case of clause (y), such Contractual Obligation existed
on the Closing Date or, with respect to any Subsidiary acquired by Holdings or a Subsidiary after the Closing Date (and so long as such Contractual Obligation was not incurred in contemplation of such acquisition), on the date such Subsidiary is so
acquired, 
 (c) (i) any direct or indirect Foreign Subsidiary, (ii) any Subsidiary that is a FSHCO, (iii) any direct or
indirect Subsidiary of a CFC or FSHCO, or (iv) any other Subsidiary for which the provision of a Guarantee would result in a material adverse tax consequence to Holdings, the Borrower or any Subsidiary or Parent Company (as reasonably
determined by the Borrower in good faith and as agreed to by the Lender), 
 (d) any Immaterial Subsidiary, 

(e) any other Subsidiary with respect to which, in the reasonable judgment of the Lender in consultation with the Borrower (confirmed in
writing by notice to the Borrower), the cost of providing a Guarantee shall be excessive in view of the benefits to be obtained by the Lender therefrom, 

(f) each other Domestic Subsidiary acquired pursuant to a Permitted Acquisition (or similar Investment) and each Subsidiary acquired in such
Permitted Acquisition (or similar Investment) that guarantees such Indebtedness, in each case to the extent that, and for so long as, the documentation relating to such Indebtedness to which such Domestic Subsidiary or Subsidiary, as applicable, is
a party prohibits such Subsidiary from guaranteeing the Obligations (in each case, so long as such Indebtedness was not incurred in contemplation of such Permitted Acquisition (or similar investment)), and 

(g) any Subsidiary that would require any consent, approval, license or authorization from any Governmental Authority to provide a Guarantee
unless such consent, approval, license or authorization has been received, or is received after commercially reasonable efforts (including if requested by the Lender to do so) by the Borrower and/or such Subsidiary to obtain the same. 

Notwithstanding anything to the contrary in the foregoing, (x) no Subsidiary organized under the laws of the United States shall be
considered an Excluded Subsidiary on the basis that the provision of a Loan Guaranty by such Subsidiary would result in material adverse tax consequences as a result of the operation of Section 956 of the Code or otherwise (other than to the
extent such Subsidiary would otherwise be an Excluded Subsidiary pursuant to clause (c) of this definition), (y) the Borrower shall not be an Excluded Subsidiary and (z) no Subsidiary that owns Capital Stock of the Borrower shall be an
Excluded Subsidiary. 

  
 17 

 “Excluded Taxes” means (a) Taxes imposed on (or measured by) its
income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) as a result of any recipient of any payment to be made by or on account of any obligation of the Borrower or any other Loan Party hereunder being
organized under the laws of, or having its principal office or its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) U.S. federal
withholding Taxes imposed on amounts payable to or for the account of any recipient with respect to an applicable interest in the Loan pursuant to a law in effect on the date on which (i) such recipient acquires such interest in the Loan or
(ii) such recipient changes its lending office, except in each case to the extent that, pursuant to Section 2.06, amounts with respect to such Taxes were payable either to such recipient’s assignor immediately before such recipient
became a party hereto or to such recipient immediately before it changed its lending office, (c) any Tax under FATCA and (d) U.S. federal backup withholding Taxes pursuant to Section 3406 of the Code. 

“Expected Run Rate Benefit” has the meaning assigned to such term in the definition of Consolidated Adjusted EBITDA. 

“Facility” means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter
or, except with respect to Articles 5 and 6, heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries. 

“Fair Market Value” means with respect to any asset or group of assets on any date of determination, the value of the
consideration obtainable in a sale of such asset at such date of determination assuming a sale by a willing seller to a willing purchaser dealing at arm’s length and arranged in an orderly manner over a reasonable period of time having regard
to the nature and characteristics of such asset. Except as otherwise expressly set forth herein, such value shall be determined in good faith by the Borrower. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the Closing Date (or any amended or successor version that is
substantively comparable and not materially more onerous to comply with) and any current or future regulations promulgated thereunder or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the
Code, and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention entered into in connection with the implementation of such Sections of the Code. 

“Financial Officer” of any Person means (i) the chief financial officer, the treasurer, any assistant treasurer, any
vice president of finance or the controller of such Person or any officer with substantially equivalent responsibilities of any of the foregoing or (ii) the chief executive officer or president of such Person. 

“Financial Officer Certification” means, with respect to the financial statements for which such certification is required,
the certification of a Financial Officer of Holdings or the Borrower that such financial statements fairly present, in all material respects, in accordance with GAAP, the consolidated financial condition of Holdings as at the dates indicated and the
results of its consolidated operations and cash flows for the periods indicated, subject to, in the case of quarterly financial statements, the absence of footnotes and changes resulting from audit and normal
year-end audit adjustments. 
 “Financing Lease Obligation” means, as applied to
any Person, an obligation that is required to be accounted for as a financing or capital lease (and, for the avoidance of doubt, not as an operating lease) for financial reporting purposes in accordance with GAAP. At the time any determination
thereof is to be made, the amount of the liability in respect of a financing or capital lease would be the amount required to be reflected on the applicable financial statements of such Person as a liability in accordance with GAAP. 

  
 18 

 “First Priority” means, with respect to any Lien purported to be created in
any Collateral pursuant to any Collateral Document, that, subject to any Acceptable Intercreditor Agreement then in effect, such Lien is senior in priority to any other Lien to which such Collateral is subject, other than any Permitted Lien. 

“Fiscal Quarter” means a fiscal quarter of any Fiscal Year. 

“Fiscal Year” means the fiscal year of Holdings, ending on December 31 of each year. 

“Flood Hazard Property” means any Real Estate Asset subject to a Mortgage and located in an area designated by the Federal
Emergency Management Agency as having special flood or mud slide hazards. 
 “Flood Insurance Laws” means, any insurance
laws in effect in the jurisdiction where a Facility is located which address flood or mud slide hazards and are comparable to the following U.S. legislation: (a) the National Flood Insurance Reform Act of 1994 (which comprehensively revised the
National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973) as now or hereafter in effect or any successor statute thereto, (b) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor
statute thereto and (c) the Biggert-Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect or any successor statute thereto. 

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

“FSHCO” means any direct or indirect Subsidiary of the Borrower that has no material assets other than equity and/or
indebtedness of one or more Foreign Subsidiaries of the Borrower that are CFCs. 
 “GAAP” means generally accepted
accounting principles in the U.S. in effect and applicable to the accounting period in respect of which reference to GAAP is being made, subject to the provisions of Section 1.03. 

“Global Intercompany Note” means an intercompany promissory note substantially in the form of Exhibit G attached
hereto or otherwise reasonably acceptable to the Lender and the Borrower. 
 “Governmental Authority” means any federal,
state, provincial, territorial, municipal, national or other government, governmental department, commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity or officer exercising executive,
legislative, judicial, regulatory or administrative functions of or pertaining to any government or any court (including any supra-national body exercising such powers or functions, such as the European Union or the European Central Bank), in each
case, whether associated with a state or locality of the U.S., the U.S., or a foreign government. 
 “Governmental
Authorization” means any permit, license, authorization, plan, directive, consent order or consent decree of or from any Governmental Authority. 

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the
guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness of any other Person (the “Primary Obligor”) in any manner and including any obligation of the guarantor, (a) to purchase or pay (or advance
or supply funds for the purchase or payment of) such Indebtedness or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose
of assuring the owner of such Indebtedness of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the Primary Obligor so as to enable the Primary Obligor to pay such
Indebtedness, 

  
 19 

 
(d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or monetary obligation, (e) entered into for the purpose of assuring in
any other manner the obligee in respect of such Indebtedness of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part) or (f) secured by any Lien on any assets of such guarantor
securing any Indebtedness of any other Person, whether or not such Indebtedness is assumed by such guarantor (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien); provided that the term
“Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business, or customary and reasonable indemnity obligations in effect on the Closing Date or entered into in connection with any acquisition,
Disposition or other transaction permitted under this Agreement (other than such obligations with respect to Indebtedness). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary
obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. 

“Guaranteed Obligations” has the meaning assigned to such term in Section 9.01. 

“guarantor” has the meaning assigned to such term in the definition of “Guarantee”. 

“Guarantor Percentage” has the meaning assigned to such term in Section 9.10. 

“Hazardous Materials” means petroleum products and other hydrocarbons, solvents, polychlorinated bi-phenyls, asbestos and asbestos-containing materials and any other chemical, material, substance or waste, or any constituent thereof, that is prohibited, limited or regulated by any Environmental Law. 

“Hazardous Materials Activity” means any past, current, proposed or threatened activity, event or occurrence involving any
Hazardous Material, including the use, manufacture, possession, storage, holding, presence, existence, location, Release, threatened Release, discharge, placement, generation, transportation, processing, construction, treatment, abatement, removal,
remediation, disposal, disposition or handling of any Hazardous Material, and any corrective action or response action with respect to any of the foregoing. 

“Holdings” has the meaning assigned to such term in the preamble to this Agreement. 

“Immaterial Subsidiary” means, as of any date, any Subsidiary of Holdings (other than the Borrower) for which (a) the
consolidated total assets (determined in accordance with GAAP) of such Subsidiary and its Subsidiaries constitute less than 2.5% of consolidated total assets and (b) the consolidated revenues (determined in accordance with GAAP) of such
Subsidiary and its Subsidiaries constitute less than 2.5% of the consolidated revenues (determined in accordance with GAAP) of Holdings and its Subsidiaries, in each case, as of the last day of and for the most recently ended Test Period;
provided that the consolidated total assets (as so determined) and revenues (as so determined) of all Immaterial Subsidiaries shall not exceed 5% of consolidated total assets or 5% of the consolidated revenues of Holdings and its Subsidiaries
that are not otherwise Excluded Subsidiaries by virtue of any of clauses (a) through (c) or (e) through (g) of the definition of “Excluded Subsidiary” as of the last day of and for the relevant Test Period, as the case may be.
Notwithstanding the foregoing, for purposes of Article 7 of this Agreement, the term “Immaterial Subsidiary” shall not include any “significant subsidiaries” (as defined in Article 1 of Regulation
S-X) or group of subsidiaries that would together constitute a “significant subsidiary” (as so defined). 

  
 20 

 “Indebtedness”, as applied to any Person, means, without duplication,
(a) all indebtedness for borrowed money (including, for the avoidance of doubt, the Loan); (b) Financing Lease Obligations; (c) all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or similar instruments;
(d) any obligation owed for all or any part of the deferred purchase price of property or services (other than (i) trade accounts payable or accrued expenses in the ordinary course of business and not overdue by more than 60 days past the
due date thereof and (ii) any earnout obligation until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP and if not paid after becoming due and payable); (e) all Indebtedness of others secured by
any Lien on any property or asset owned or held by such Person regardless of whether the Indebtedness secured thereby shall have been assumed by such Person or is non-recourse to the credit of such Person;
(f) the amount of any letter of credit issued for the account of such Person or as to which such Person is otherwise liable for reimbursement of drawings; (g) the Guarantee by such Person of the Indebtedness of another; (h) all
obligations of such Person in respect of any Disqualified Capital Stock and (i) all net obligations of such Person in respect of any Derivative Transaction, including any hedge agreement, whether or not entered into for hedging or speculative
purposes. For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture in which such Person is a general partner or a joint venturer, except to the extent such Person’s liability for
such Indebtedness is otherwise limited. 
 Indebtedness shall not include (i) prepaid or deferred revenue arising in the ordinary
course of business, (ii) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset to satisfy warrants or other unperformed obligations of the seller of such asset and (iii) Non-Financing Lease Obligations or other obligations under or in respect of operating leases. 

“Indemnified Taxes” means (a) 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 other than Excluded Taxes and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Indemnitee” has the meaning set forth in Section 8.03(b). 

“Intercreditor Agreement” means any Acceptable Intercreditor Agreement. 

“Interest Payment Date” means the last Business Day of each March and September. 

“Investment” means (a) any purchase or other acquisition, or ownership, by Holdings or any of its Subsidiaries of any of
the Securities of any other Person (other than Holdings or any other Loan Party), (b) the acquisition by purchase or otherwise (other than purchases or other acquisitions of inventory, materials, supplies and/or equipment in the ordinary course of
business) of all or substantially all of the business, property or fixed assets of any Person or any division or line of business or other business unit of any Person, (c) any Guarantee by Holdings or any of its Subsidiaries of Indebtedness of
any other Person (other than Holdings or any other Loan Party) and (d) any loan, advance (other than advances made on an intercompany basis between or among Holdings and the other Loan Parties in the ordinary course of business for the purchase
of inventory, materials, supplies and/or equipment or in respect of allocation of corporate overhead expenses) or capital contribution by Holdings or any of its Subsidiaries to any other Person (other than Holdings or any Subsidiary Guarantor). The
amount, as of any date of determination, of any Investment in the form of a Guarantee shall be equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not
stated or determinable, the maximum reasonably anticipated liability in respect thereof, as determined in good faith by Holdings in accordance with GAAP. 

  
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 “Investors” means (a) the Sponsor and (b) certain other investors
that, directly or indirectly, beneficially own Capital Stock in Holdings on the Closing Date (which Persons have been identified in writing to the Lender prior to Closing Date). 

“IP Rights” has the meaning assigned to such term in Section 3.05(c). 

“IRS” means the U.S. Internal Revenue Service. 

“Joinder Agreement” has the meaning assigned to such term in Section 5.10(a). 

“Junior Debt” means any Indebtedness of Holdings and its Subsidiaries that is (i) expressly subordinated in right of
payment to the Obligations (other than Indebtedness among Holdings and its Subsidiaries) or (ii) secured by a Lien on the Collateral that ranks junior in right of security to the Liens on the Collateral securing the Obligations. 

“LCT Election” has the meaning assigned to such term in Section 1.06. 

“LCT Test Date” has the meaning assigned to such term in Section 1.06. 

“Lender” means American Water Enterprises, LLC, a Delaware limited liability company, together with its permitted successors
and assigns, acting in such capacity under this Agreement on its own behalf as a Seller and on behalf of the other Sellers under the Purchase Agreement. 

“Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other),
charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to
real property, and any Financing Lease Obligation having substantially the same economic effect as any of the foregoing), in each case, in the nature of security; provided that in no event shall a
Non-Financing Lease Obligation be deemed to be a Lien. 
 “Limited Condition
Transaction” means any acquisition or Investment by one or more of Holdings and its Subsidiaries of any assets, business or Person permitted to be acquired by this Agreement, in each case whose consummation is not conditioned on the
availability of, or on obtaining, third party financing. 
 “Loan Documents” means this Agreement, any Promissory Note, the
Collateral Documents and each Acceptable Intercreditor Agreement then in effect and any other document or instrument designated by the Borrower and the Lender as a “Loan Document” entered into in accordance with
Section 8.02. Any reference in this Agreement or any other Loan Document to a Loan Document shall include all appendices, exhibits or schedules thereto, and all amendments, restatements, amendments and restatements,
supplements or other modifications thereto. 
 “Loan Guarantor” means each Loan Party (except, solely with respect to
obligations of the Borrower, the Borrower). 
 “Loan Guaranty” means the guaranty set forth in
Article 9 of this Agreement. 
 “Loan Parties” means Holdings, the Borrower and each Subsidiary
Guarantor. 
 “Loan” has the meaning assigned to such term in Section 2.01. 

  
 22 

 “Margin Stock” has the meaning assigned to such term in Regulation U. 

“Market Disruption Event” means the occurrence of an event or a set of circumstances that, in either case, has eliminated the
ability of market participants in general to borrow, refinance or to otherwise arrange debt financing in the broadly syndicated term loan “B” market in the ordinary course. 

“Material Adverse Effect” means a material adverse effect on (i) the business, financial condition or results of
operations, in each case, of Holdings and its Subsidiaries, taken as a whole, (ii) the rights and remedies of the Lender under the applicable Loan Documents or (iii) the ability of the Borrower and the Loan Guarantors to perform their
payment obligations under the Loan Documents. 
 “Material Real Estate Asset” means (a) any fee-owned Real Estate Asset owned by any Loan Party as of the Closing Date having a Fair Market Value in excess of $5,000,000 as of such date and (b) any fee-owned
Real Estate Asset acquired by any Loan Party after the Closing Date having a Fair Market Value in excess of $5,000,000 as of the date of acquisition thereof. 

“Maturity Date” means the date that is five years after the Closing Date, provided that if such date is not a Business
Day, the “Maturity Date” will be the next succeeding Business Day. 
 “Maximum Liability” has the meaning
assigned to such term in Section 9.09. 
 “Moody’s” means Moody’s Investors Service,
Inc. and any successor to its rating agency business. 
 “Mortgaged Properties” means, initially, the owned real properties
of the Loan Parties specified on Schedule 1.01(c) (if any), and shall include each other Material Real Estate Asset and improvements thereto with respect to which a Mortgage is required to be granted pursuant to
Section 5.10. 
 “Mortgages” means any mortgage, deed of trust or other agreement which conveys
or evidences a Lien in favor of the Lender, for the benefit of the Lender, on any Material Real Estate Assets (it being understood and agreed that any requirement for Mortgages shall be subject to the provisions of
Section 5.10). 
 “Multiemployer Plan” means any employee benefit plan which is a
“multiemployer plan” as defined in Section 3(37) of ERISA, to which Holdings or any of its Subsidiaries, or any of their respective ERISA Affiliates, makes or is obligated to make contributions and with respect to which any of them
has an ongoing obligation. 
 “Net Proceeds” means: 

(a) with respect to the Disposition of any asset by Holdings or any Subsidiary or any Casualty/Condemnation Event, the excess,
if any, of (i) the sum of cash and Cash Equivalents received by or on behalf of Holdings and its Subsidiaries in connection with such Disposition or Casualty/Condemnation Event (including any cash or Cash Equivalents received by way of deferred
payment (but excluding any interest payments) pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received and, with respect to any Casualty/Condemnation Event, any insurance proceeds or condemnation awards in
respect of such Casualty/Condemnation Event actually received by or paid to or for the account of Holdings, the Borrower or any Subsidiary) over (ii) the sum of (A) the principal amount, premium or penalty, if any, interest and other
amounts on any Indebtedness that is secured by the asset subject to such Disposition or Casualty/Condemnation Event and that is required to be repaid (and is actually repaid) in connection with such Disposition or Casualty/Condemnation Event under
the existing 

  
 23 

 
terms of the documentation thereof (other than Indebtedness under the Loan Documents and Indebtedness secured by Liens that are subject to an Acceptable Intercreditor Agreement), (B) the out-of-pocket fees and expenses (including attorneys’ fees, investment banking fees, survey costs, title insurance premiums, and related search and recording charges,
transfer taxes, deed or mortgage recording taxes, other customary expenses and brokerage, consultant and other customary fees) actually incurred by Holdings, the Borrower or such Subsidiary in connection with such Disposition or
Casualty/Condemnation Event, (C) taxes paid or reasonably estimated to be actually payable in connection therewith (including withholding taxes imposed on the repartition of any such Net Proceeds) and the amount of any reserves established by
Holdings, the Borrower and the Subsidiaries to fund contingent liabilities reasonably estimated to be payable, that are directly attributable to such event, (D) in the case of any Disposition by a
non-Wholly-Owned Subsidiary or Casualty/Condemnation Event with respect to assets of a non-Wholly-Owned Subsidiary, the pro rata portion of the net cash
proceeds thereof (calculated without regard to this clause (D)) attributable to minority interests and not available for distribution to or for the account of Holdings the Borrower or a Wholly-Owned Subsidiary as a result thereof, and
(E) any reserve for adjustment in respect of (x) the sale price of such asset or assets established in accordance with GAAP and (y) any liabilities associated with such asset or assets and retained by Holdings, the Borrower or any
Restricted Subsidiary after such sale or other Disposition thereof, including pension and other post-employment benefit liabilities and liabilities related to environmental matters or with respect to any indemnification obligations associated with
such transaction; it being understood that “Net Proceeds” shall include (i) any cash or Cash Equivalents received upon the Disposition of any non-cash consideration by Holdings, the Borrower or
any Subsidiary in any such Disposition and (ii) upon the reversal (without the satisfaction of any applicable liabilities in cash in a corresponding amount) of any reserve described in clause (E) above or if such liabilities have
not been satisfied in cash and such reserve is not reversed within 180 days after such Disposition or Casualty/Condemnation Event, the amount of such reserve; and 

(b) with respect to the incurrence of any Indebtedness by Holdings, the Borrower or any Subsidiary or any sale or issuance of
Capital Stock by any Borrower, the excess, if any, of (A) the sum of the cash and Cash Equivalents received by or on behalf of Holdings, the Borrower and its Subsidiaries in connection with such incurrence, issuance or sale over (B) the
reasonable and customary investment banking fees, discounts, issuance costs, commissions, costs and other out-of-pocket expenses and other customary expenses (and, in
the case of the incurrence of any Indebtedness the proceeds of which are required to be used to prepay the Loan hereunder, accrued interest and premium, if any, on the Loan and any other amounts (other than principal) required to be paid in respect
of the Loan in connection with any such prepayment and/or reduction), incurred by Holdings, the Borrower or such Subsidiary in connection with such incurrence, issuance or sale. 

“Non-Compliant Subsidiary or Asset” means (i) any Subsidiary acquired pursuant to a Permitted Acquisition that will not
become a Loan Party or (ii) any assets acquired pursuant to a Permitted Acquisition that will not be owned by a Loan Party after giving effect to such Permitted Acquisition. 

“Non-Financing Lease Obligations” means a lease obligation that is not required to be
accounted for as a financing or capital lease on both the balance sheet and the income statement for financial reporting purposes in accordance with GAAP. For avoidance of doubt, a straight-line or operating lease shall be considered a Non-Financing Lease Obligation. 
 “Non-Paying
Guarantor” has the meaning assigned to such term in Section 9.10. 
 “Obligated Party”
has the meaning assigned to such term in Section 9.02. 

  
 24 

 “Obligations” means all unpaid principal of and accrued and unpaid interest
(including any Applicable Premium, interest, fees and other amounts accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loan, all
accrued and unpaid fees and all expenses, reimbursements, indemnities, any Applicable Premium and all other advances to, debts, liabilities, obligations, covenants and duties of any Loan Party to the Lender or any indemnified party arising under the
Loan Documents, whether direct or indirect (including those acquired by assumption), absolute, contingent, due or to become due, now existing or hereafter arising.

“OFAC” means the U.S. Department of the Treasury’s Office of Foreign Assets Control. 

“Organizational Documents” means (a) with respect to any corporation, its certificate or articles of incorporation,
formation or organization and its by-laws, (b) with respect to any limited partnership, its certificate of limited partnership, and its partnership agreement, (c) with respect to any general
partnership, its partnership agreement, (d) with respect to any limited liability company, its articles of organization or certificate of formation, and its operating agreement and (e) with respect to any other form of entity, such other
organizational documents required by local Requirements of Law or customary under such jurisdiction to document the formation and governance principles of such type of entity. In the event any term or condition of this Agreement or any other Loan
Document requires any Organizational Document to be certified by a secretary of state or similar governmental official, the reference to any such “Organizational Document” shall only be to a document of a type customarily certified by such
governmental official. 
 “Other Connection Taxes” means Taxes imposed on any recipient of any payment to be made by or on
account of any obligation of the Borrower or any other Loan Party hereunder as a result of a present or former connection between such recipient and the jurisdiction imposing such Tax (other than connections arising solely from such recipient having
executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, or engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an
interest in the Loan or any Loan Document). 
 “Other Taxes” means any and all present or future stamp, court or
documentary, recording or filing Taxes or any other similar Taxes arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or the other Loan Documents, except any such
Taxes that are Other Connection Taxes imposed with respect to an assignment. 
 “Parent Company” means (a) any Person
of which Holdings is or becomes a subsidiary on or after the Closing Date, (b) any holding company established by any Permitted Holder for purposes of holding its investment in Holdings or any other Parent Company and (c) any other Person
of which Holdings is a direct or indirect Subsidiary. 
 “Paying Guarantor” has the meaning assigned to such term in
Section 9.10. 
 “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto.

 “Pension Plan” means any employee pension benefit plan, as defined in Section 3(2) of ERISA (other than a
Multiemployer Plan), subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which Holdings or any of its Subsidiaries, or any of their respective ERISA Affiliates, is (or, if
such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

  
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 “Permitted Acquisition” means any purchase or acquisition by Holdings or
any of its Subsidiaries, whether by purchase, merger, amalgamation or otherwise, of all or substantially all of the assets of, or of any business or product line, unit or division of, any Person or a majority of the outstanding Capital Stock of any
Person (but in any event including (a) any Investment in a Subsidiary which serves to increase Holdings’ or any Subsidiary’s respective equity ownership in such Subsidiary and (b) any acquisition of or Investment in any joint
venture); provided, in each case, (i) (A) such Person becomes a Subsidiary or (B) such Person, in one transaction or a series of related transaction, is amalgamated, merged or consolidated with or into, or transfers or conveys all
or substantially all of its assets (or of such business or product line, unit or division) to, or is liquidated into, Holdings or any Subsidiary as a result of such Investments, (ii) such Person (or such business or product line, unit or
division) is engaged in a Similar Business, or property and assets or businesses of any Person or of assets constituting a business unit, a line of business or division of such Person, or Capital Stock in a Person that, upon the consummation
thereof, will be a Subsidiary of Holdings, provided, in each case, (x) no Event of Default (or in the case of a Limited Condition Transaction, no Specified Event of Default) shall have occurred and be continuing at the time of the
consummation of such acquisition and (y) the Consolidated Total Leverage Ratio after giving pro forma effect to the making of such acquisition is not greater than either (1) 7.50:1.00 as of the last day of the Test Period most recently ended on
or prior to the making of such acquisition or (2) the Consolidated Total Leverage Ratio immediately prior to the making of such acquisition. 

“Permitted Additional Debt” means (i) secured or unsecured bonds, notes or debentures (which bonds, notes or debentures,
if secured, may be secured either by Liens on the Collateral that rank equal in priority with the Liens on the Collateral securing the Obligations or by Liens on the Collateral that rank junior in priority relative to the Liens on the Collateral
securing the Obligations) or (ii) secured or unsecured loans or commitments to provide secured or unsecured loans (which loans or commitments, if secured, may be secured by Liens on the Collateral that rank junior in priority relative to the
Liens on the Collateral securing the Obligations or by Liens on the Collateral that rank equal in priority with the Liens on the Collateral securing the Obligations), in each case incurred by the Borrower or a Guarantor; provided that
(a) such Indebtedness has a final maturity date that is not later than 91 days following the Maturity Date, (b) the covenants, events of default, Subsidiary guarantees and other terms for such Indebtedness or commitments (excluding
interest rates (including through fixed interest rates), interest rate margins, rate floors, fees, funding discounts, original issue discounts and redemption or prepayment terms and premiums determined by the Borrower to be market rates, margins,
rate floors, fees, discounts, terms and premiums at the time of incurrence of such Indebtedness) not materially more restrictive on Holdings and its Subsidiaries, when taken as a whole, than the terms of this Agreement, when taken as a whole;
provided that such terms shall not be deemed to be more restrictive solely as a result of (i) the inclusion in the documentation governing such Indebtedness or commitment of any financial maintenance covenant so long as an equivalent
financial maintenance covenant is added to this Agreement for the benefit of the Lender or (ii) covenants or other provisions applicable only to periods after the Maturity Date at such time; provided that, in the event that the Effective
Yield for any Permitted Additional Debt that is secured by Liens on all or any part of the Collateral that rank equal in priority with the Liens on the Collateral securing the Obligations is greater than the Effective Yield for the Loan by more than
0.50% per annum, then the interest rate for the Loan shall be increased to the extent necessary so that the Effective Yield for the Loan is equal to the Effective Yield for such Permitted Additional Debt minus 0.50% per annum, (c) if
such Indebtedness is secured, such Indebtedness shall not be secured by any property or assets other than the Collateral and shall be subject to an applicable Acceptable Intercreditor Agreement, and (d) no Subsidiary of Holdings (other than a
Guarantor) shall be an obligor under such Indebtedness. 
 “Permitted Additional Debt Documents” means any document or
instrument (including any guarantee, security agreement or mortgage and which may include any or all of the Loan Documents) issued or executed and delivered with respect to any Permitted Additional Debt by any Loan Party. 

  
 26 

 “Permitted Additional Debt Obligations” means, if any secured Permitted
Additional Debt has been incurred and is outstanding, the collective reference to (a) the due and punctual payment of (i) the principal of and premium, if any, and interest at the applicable rate provided in the applicable Permitted
Additional Debt Documents (including interest accruing during the pendency of any proceeding under any Debtor Relief Law, regardless of whether allowed or allowable in such proceeding) on any such Permitted Additional Debt, when and as due, whether
at maturity, by acceleration, upon one or more dates set for prepayment, redemption or otherwise and (ii) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or
otherwise (including monetary obligations incurred during the pendency of any proceeding under any Debtor Relief Law, regardless of whether allowed or allowable in such proceeding), of the Borrower or any other Loan Party to any of the Permitted
Additional Debt Secured Parties under the applicable Permitted Additional Debt Documents and (b) the due and punctual performance of all covenants, agreements, obligations and liabilities of the Borrower or any Loan Party under or pursuant to
applicable Permitted Additional Debt Documents. 
 “Permitted Additional Debt Secured Parties” means the holders from time
to time of the secured Permitted Additional Debt Obligations (and any representative on their behalf). 
 “Permitted
Holders” means (a) the Investors and (b) any group (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act (or any successor provision))
of which the Investors are members and any other member of such group; provided, that in the case of such group and without giving effect to the existence of such group or any other group, Persons referred to in clauses (a) and (b),
collectively, have beneficial ownership of more than 50% of the total voting power of the issued and outstanding Voting Stock of Holdings or any of its direct or indirect parent companies held by such group. 

“Permitted Liens” means Liens permitted pursuant to Section 6.02. 

“Permitted Refinancing Indebtedness” means, with respect to any Indebtedness (the “Refinanced
Indebtedness”), any Indebtedness incurred in exchange for or as a replacement of (including by entering into alternative financing arrangements in respect of such exchange or replacement (in whole or in part), either by adding or replacing
lenders, creditors, agents, borrowers and/or guarantors, or after the original instrument giving rise to such Indebtedness has been terminated and including, by entering into any new credit agreement, loan agreement, note purchase agreement,
indenture or other agreement), or the net proceeds of which are incurred for the purpose of modifying, extending, refinancing, renewing, replacing, redeeming, repurchasing, defeasing, amending, supplementing, restructuring, repaying or refunding
(collectively to “Refinance” or a “Refinancing” or “Refinanced”), such Refinanced Indebtedness (or previous refinancing thereof constituting Permitted Refinancing Indebtedness); provided that
(a) after giving effect to such Refinancing, the principal amount (or accreted value, if applicable) thereof will not exceed the principal amount (or accreted value, if applicable) of the Refinanced Indebtedness except by an amount equal to
unpaid accrued interest and premium thereon plus other customary and reasonable amounts paid, and fees and expenses incurred, in connection with such Refinancing plus an amount equal to any existing commitments unutilized thereunder, (b) other
than with respect to a Refinancing of Indebtedness permitted pursuant to Section 6.01(j), such Permitted Refinancing Indebtedness has a maturity date that is equal to or greater than the maturity date of the Refinanced Indebtedness,
(c) (i) if such Refinanced Indebtedness is unsecured, such Permitted Refinancing Indebtedness shall be unsecured and (ii) if such Refinanced Indebtedness is secured, such Permitted Refinancing Indebtedness shall either be unsecured or
secured by the same collateral, and with the same (or junior) lien priority, as exists with respect to the Refinanced Indebtedness, (d) each of the obligors with respect to such Permitted Refinancing Indebtedness are Guarantors, (e) other
than with respect to revolving Indebtedness, such Refinancing Indebtedness has (1) a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of the Indebtedness being refinanced, refunded or replaced
(without giving effect to any prepayments thereof) or (2) a Weighted Average Life to Maturity 

  
 27 

 
equal to or greater than the Weighted Average Life to Maturity of the outstanding Loan at such time, and (f) (i) to the extent such Refinanced Indebtedness is subordinated in right of
payment to the Obligations, such Permitted Refinancing Indebtedness is subordinated in right of payment to the Obligations on terms at least as favorable to the Lender, when taken as a whole, as those contained in the documentation governing the
Indebtedness being so Refinanced and (ii) the terms and conditions (including, if applicable, as to collateral but excluding as to subordination, interest rates (including through fixed interest rates), interest rate margins, rate floors, fees,
funding discounts, original issue discounts and redemption or prepayment terms and premiums) of any such Permitted Refinancing Indebtedness, taken as a whole, are not materially more restrictive on Holdings and its Subsidiaries, when taken as a
whole, than the terms and conditions of the Refinanced Indebtedness; provided that such terms and conditions shall not be deemed to be more restrictive solely as a result of (x) the inclusion in the documentation governing such Indebtedness or
commitment of any financial maintenance covenant or (y) covenants or other provisions applicable only to periods after the Maturity Date at the time of such Refinancing. 

“Person” means any natural person, corporation, unlimited liability company, limited liability company, trust, joint venture,
association, company, partnership, Governmental Authority or any other entity. 
 “Pledge and Security Agreement” means
that certain Pledge and Security Agreement, dated as of the date hereof, among the Borrower, the other Loan Parties and the Lender in the form attached hereto as Exhibit H. 

“Prepayment Asset Sale” means any Disposition by Holdings or its Subsidiaries made pursuant to
Section 6.06(g), (m) or (q). 
 “Primary Obligor” has the meaning assigned to such
term in the definition of “Guarantee”. 
 “Pro Forma Basis” or “pro forma effect” means with
respect to any determination of the Consolidated Total Leverage Ratio, or Consolidated Adjusted EBITDA (including, in each case, component definitions thereof) that: 

(a) (i) in the case of any Disposition of all or substantially all of the Capital Stock of any Subsidiary or any business or product line,
unit or division of Holdings and/or any Subsidiary, income statement items attributable to the property or Person subject to such Subject Transaction shall be excluded as of the first day of the applicable Test Period with respect to any test or
covenant for which the relevant determination is being made and (ii) in the case of any Permitted Acquisition and/or Investment, income statement items (whether positive or negative and including any Expected Run Rate Benefit) attributable to
the property or Person subject to such Subject Transaction shall be included as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made; provided that the pro
forma adjustments described in this clause (a) may be applied to any such test or covenant solely to the extent that such adjustments are consistent with the definition of “Consolidated Adjusted EBITDA”, 

(b) any Business Optimization Initiative (and any Expected Run Rate Benefit attributable thereto) shall be deemed to have occurred as of the
first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made, 
 (c) any
retirement or repayment of Indebtedness (other than Indebtedness retired or repaid under any revolving credit facility or line of credit unless such Indebtedness has been permanently repaid and not replaced) by Holdings, any of its Subsidiaries
shall be deemed to have occurred as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made, 

  
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 (d) any Indebtedness incurred or assumed by Holdings or any of its Subsidiaries shall be
deemed to have occurred as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made; provided that, (i) if such Indebtedness has a floating or formula rate,
such Indebtedness shall have an implied rate of interest for the applicable Test Period for purposes of this definition determined by utilizing the rate that is or would be in effect with respect to such Indebtedness at the relevant date of
determination (taking into account any interest hedging arrangements applicable to such Indebtedness), (ii) interest on any obligation with respect to any Financing Lease Obligation shall be deemed to accrue at an interest rate reasonably determined
by a Responsible Officer of the Borrower to be the rate of interest implicit in such obligation in accordance with GAAP and (iii) interest on any Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime
or similar rate, a eurocurrency interbank offered rate or other rate shall be determined to have been based upon the rate actually chosen, or if none, then based upon such optional rate chosen by the Borrower, 

(e) each other Subject Transaction shall be deemed to have occurred as of the first day of the applicable Test Period (or, in the case of
consolidated total assets, as of the last day of such Test Period) with respect to any test or covenant for which such calculation is being made, 

(f) the Unrestricted Cash Amount shall be calculated as of the date of the consummation of such Subject Transaction after giving pro forma
effect thereto (other than, for the avoidance of doubt, the cash proceeds of any Indebtedness that is the Subject Transaction for which such a calculation in being made or is incurred to finance such Subject Transaction); and 

(g) solely with respect to applicable calculations or determinations to be made in connection with a Permitted Acquisition or similar
Investment, any Revolving Facility Indebtedness outstanding or incurred (including by assumption or guarantee) prior to, or simultaneously with, the event for which the Pro Forma Basis or pro forma effect determination of such ratio or other test is
being made that is used to finance working capital needs of the Holdings and its Subsidiaries (as reasonably determined by the Borrower) shall, in each case, be disregarded. 

Whenever a financial ratio or test or covenant is to be calculated on a Pro Forma Basis, the reference to the “Test Period” for purposes of
calculating such financial ratio or test shall be deemed to be a reference to, and shall be based on, the most recently ended Test Period. 

“Promissory Note” means a promissory note of the Borrower payable to the Lender or its registered assigns, in substantially
the form of Exhibit C hereto, evidencing the aggregate outstanding principal amount of Loan of the Borrower to such Lender resulting from the Loan made by such Lender. 

“Public Company” shall mean any Person with a class or series of Capital Stock that is traded on the New York Stock Exchange,
the NASDAQ, the Luxembourg Stock Exchange, the London Stock Exchange, the Hong Kong Stock Exchange, The International Stock Exchange or any comparable stock exchange or similar market. 

“Purchase” means the purchase of the Units (as defined in the Purchase Agreement) by the Purchaser pursuant to the Purchase
Agreement. 

  
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 “Purchase Agreement” means the Membership Interest Purchase Agreement,
dated as of October 28, 2021, by and among American Water Enterprises, LLC, a Delaware limited liability company (“American Water Enterprises”), American Water (USA), LLC, a Delaware limited liability company (“American
Water USA” and together with American Water Enterprises, the “Sellers”), American Water Resources, LLC, a Virginia limited liability company (“American Water Resources”), Pivotal Home Solutions, LLC, a
Delaware limited liability company (“Pivotal”), American Water Resources Holdings, LLC, a Delaware limited liability company (“American Water Holdings”), American Water Works Company, Inc., a Delaware corporation,
and the Borrower (acting in its capacity as the “Purchaser” under the Purchase Agreement, the “Purchaser”), as amended, restated, supplemented or otherwise modified from time to time in accordance with its terms. 

“Purchase Documents” means the Purchase Agreement and all schedules, exhibits and annexes to each of the foregoing, the
Ancillary Documents (as defined in the Purchase Agreement) and all side letters, instruments and agreements affecting the terms of the foregoing or entered into in connection therewith. 

“Purchaser” has the meaning assigned to such term in the definition of Purchase Agreement. 

“Qualified Capital Stock” of any Person means any Capital Stock of such Person that is not Disqualified Capital Stock. 

“Qualifying IPO” means any transaction or series of related transactions that results in any of the common Capital Stock of
Holdings and/or any Parent Company (and/or any permitted successor thereto) being publicly traded on any U.S. national securities exchange or over-the-counter market or
any analogous exchange in any jurisdiction. 
 “Real Estate Asset” means, at any time of determination, all right, title
and interest (fee, leasehold or otherwise) in and to real property (including, but not limited to, land, improvements and fixtures thereon). 

“Refinance, Refinanced and Refinancing” each has the meaning assigned to such term in the definition of the
term “Permitted Refinancing Indebtedness.” 
 “Refinanced Indebtedness” has the meaning assigned to such term in
the definition of the term “Permitted Refinancing Indebtedness.” 
 “Regulated Entity” means any Subsidiary or
Affiliate of Holdings, including American Water Resources, LLC, a Virginia limited liability company, American Water Resources of Texas, LLC, a Delaware limited liability company, American Water Resources of Florida, LLC, a Delaware limited
liability company, and Pivotal Home Solutions, LLC, a Delaware limited liability company, that engages in the service contract business pursuant to applicable state insurance and service contract regulatory laws. 

“Regulation U” means Regulation U of the Board as from time to time in effect and all official rulings and interpretations
thereunder or thereof. 
 “Regulation X” means Regulation X of the Board as from time to time in effect and all official
rulings and interpretations thereunder or thereof. 
 “Related Parties” means, with respect to any specified Person, such
Person’s Affiliates and the respective directors, officers, trustees, employees, partners, agents, advisors and other representatives of such Person and such Person’s Affiliates. 

“Release” means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge,
dispersal, dumping, leaching or migration of any Hazardous Material into the Environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Material), including the movement of any
Hazardous Material through the air, soil, surface water or groundwater. 

  
 30 

 “Representatives” has the meaning assigned to such term in
Section 8.13(a). 
 “Requirements of Law” means, with respect to any Person, collectively, the
common law and all federal, state, provincial, territorial, local, foreign, multinational or international laws, statutes, codes, treaties, standards, rules and regulations, guidelines, ordinances, orders, judgments, writs, injunctions, decrees
(including administrative or judicial precedents or authorities) and the interpretation or administration thereof by, and other determinations, directives, requirements or requests of any Governmental Authority, in each case whether or not having
the force of law and that are 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” of any Person means the chief executive officer, a director, the president, executive vice president,
any senior vice president, any vice president, the chief operating officer or any Financial Officer of such Person and any other individual or similar official thereof responsible for the administration of the obligations of such Person in respect
of this Agreement, and, as to any document delivered on the Closing Date (but subject to the express requirements set forth in Section 5.14), shall include any secretary or assistant secretary or any other individual or
similar official thereof with substantially equivalent responsibilities of a Loan Party. The Lender shall be entitled to conclusively presume that (i) any document delivered hereunder that is signed by a Responsible Officer of a Loan Party has
been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party, and (ii) such Responsible Officer has acted on behalf of such Loan Party. 

“Restricted Debt Payment” has the meaning set forth in Section 6.04(c). 

“Restricted Payment” means (a) any dividend or other distribution on account of any shares of any class of the Capital
Stock of Holdings or any Subsidiary now or hereafter outstanding, except a dividend payable solely in shares of Qualified Capital Stock to the holders of such class, (b) any redemption, retirement, sinking fund or similar payment, purchase or
other acquisition for value of any shares of any class of the Capital Stock of Holdings or any Subsidiary now or hereafter outstanding, (c) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other
rights to acquire shares of any class of the Capital Stock of Holdings or any Subsidiary now or hereafter outstanding and (d) any payment made by Holdings or any Subsidiary pursuant to the Revenue Share Agreement (as defined in the Purchase
Agreement). 
 “Return” shall mean, with respect to any Investment, any dividend, distribution, interest, fee, premium,
return of capital, repayment of principal, income, profit (from a Disposition or otherwise) and any other similar amount received or realized in respect thereof. 

“Revolving Facility Indebtedness” means obligations pursuant to secured or unsecured revolving credit facilities and letter
of credit facilities; provided that such Indebtedness (i) shall rank equal in right of payment with the Loan and, if secured, shall be secured by Liens on the Collateral that rank equal in priority with the Liens on the Collateral
securing the Obligations and, if secured, shall be secured only by the Collateral securing the Obligations pursuant to an Acceptable Intercreditor Agreement, (ii) shall not be guaranteed by any Person that is not a Guarantor hereunder,
(iii) shall have interest rates (including through fixed interest rates), interest margins, rate floors, upfront fees, undrawn commitment fees, funding 

  
 31 

 
discounts, original issue discounts, prepayment terms and premiums and commitment reduction and termination terms as determined by the Borrower and the lenders of such commitments and
(iv) other than with respect to any financial maintenance covenant shall have terms and conditions not be materially more restrictive (when taken as a whole) on Holdings and the Subsidiaries than the terms of this Agreement, when taken as a
whole (except for covenants or other provisions applicable only to the periods after the Maturity Date (it being understood to the extent that any covenant or other provision is added for the benefit of any Revolving Facility Indebtedness, no
consent shall be required from any party to the extent that such covenant or provision is also added for the benefit of this Agreement). 

“S&P” means S&P Global Ratings, a subsidiary of S&P Global Inc., and any successor to its rating agency business.

 “Sale and Lease-Back Transaction” has the meaning assigned to such term in Section 6.07. 

“Sanctioned Country” means any country or territory that, at the relevant time, is the subject or target of any comprehensive
or countrywide Sanctions. As at the date hereof, Sanctioned Countries include Cuba (solely with respect to any Person organized under the laws of the United States or any political subdivision thereof), Iran, North Korea, Syria, and the Crimea
Region. 
 “Sanctions” means any United States sanctions administered by OFAC or the U.S. Department of State. 

“SEC” means the Securities and Exchange Commission. 

“Securities” means any stock, shares, partnership interests, voting trust certificates, certificates of interest or
participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments commonly known
as “securities” or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing; provided
that “Securities” shall not include any earn-out agreement or obligation or any employee bonus or other incentive compensation plan or agreement. 

“Securities Act” means the Securities Act of 1933 and the rules and regulations of the SEC promulgated thereunder. 

“Security Agreement Joinder Agreement” has the meaning assigned to such term in the Pledge and Security Agreement. 

“Seller Note Amount” has the meaning assigned to such term in the Purchase Agreement, with the Seller Note Amount being equal
to and constituting an initial principal amount of the Loan of $720,000,000 as of the date of this Agreement. 
 “Sellers”
has the meaning assigned to such term in the definition of “Purchase Agreement”. 
 “Similar Business” means any
Person the majority of the revenues of which are derived from a business that would be permitted by Section 5.11 if the references to “Subsidiaries” in Section 5.11 were read to refer to
such Person. 
 “Sold Entity or Business” has the meaning assigned to such term in the definition of “Consolidated
Adjusted EBITDA.” 

  
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 “Specified Event of Default” means an Event of Default specified in
Sections 7.01(a), 7.01(c) (solely as it relates to Sections 2.03 or 2.04), 7.01(f) or 7.01(g)) 

“Sponsor” means Apax Partners, L.P. and each of its Affiliates and any funds, partnerships or other investment vehicles
managed or controlled by it or its Affiliates, but not including, however, any of their operating portfolio companies. 
 “Subject
Transaction” means (a) the Transactions, (b) any Permitted Acquisition or any other acquisition or Investment, (c) any sale, transfer or Disposition of all or substantially all assets of a Subsidiary or a line of business or
division, (d) any incurrence or assumption of Indebtedness, (e) any prepayment, redemption, repurchase, defeasance, acquisition similar payment, extinguishment, retirement or repayment of Indebtedness and/or (f) the implementation of
any Business Optimization Initiative. 
 “subsidiary” means, with respect to any Person, any corporation, partnership,
limited liability company, association, joint venture or other business entity of which more than 50% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in
the election of the Person or Persons (whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled,
directly or indirectly, by such Person or one or more of the other subsidiaries of such Person or a combination thereof; provided that in determining the percentage of ownership interests of any Person controlled by another Person, no
ownership interest in the nature of a “qualifying share” of the former Person shall be deemed to be outstanding. 

“Subsidiary” means any subsidiary of Holdings. 

“Subsidiary Guarantor” means (a) on the Closing Date, each Subsidiary of Holdings (other than any Excluded Subsidiary
and other than the Borrower) and (b) thereafter, each Subsidiary of Holdings (other than any Excluded Subsidiary and other than the Borrower) that thereafter guarantees the Obligations pursuant to the terms of this Agreement, in each case,
until such time as the respective Subsidiary is released from its obligations under the Loan Guaranty in accordance with the express terms and provisions hereof. 

“Taxes” means any and all present and future taxes, assessments, levies, imposts, duties, deductions, charges or withholdings
(including backup withholding) imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Termination Date” has the meaning assigned to such term in the lead-in to
Article 5. 
 “Test Period” means, as of any date, the period of four consecutive Fiscal Quarters
then most recently ended for which financial statements of the type described in Section 5.01(a) or 5.01(b), as applicable, have been delivered. 

“Threshold Amount” means the greater of (a) $15,000,000 and (b) 15% of Consolidated Adjusted EBITDA for the most recently
ended Test Period. 
 “Transaction Costs” means fees, premiums, expenses and other transaction costs (including original
issue discount and upfront fees) payable or otherwise borne by Holdings, any Parent Company, the Borrower and its subsidiaries in connection with the Transactions, this Agreement, the other Loan Documents, the Purchase Documents and the transactions
contemplated hereby and thereby. 
 “Transactions” means, collectively, (a) the Purchase, (b) the execution,
delivery and performance by the Loan Parties of the Loan Documents to which they are a party and the borrowing of the Loan hereunder, (c) the payment of the Transaction Costs and (d) the consummation of any other transactions in connection
with the foregoing (including in connection with the Purchase Documents). 

  
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 “UCC” means the Uniform Commercial Code as in effect from time to time in
the State of New York or any other state the laws of which are required to be applied in connection with the grant or perfection of security interests. 

“U.S.” means the United States of America. 

“Unrestricted Cash Amount” means, as of any date of determination, the aggregate amount of unrestricted Cash and Cash
Equivalents of the Loan Parties that is held in an account pledged to the Lender and subject to a perfected First Priority Lien in favor of the Lender, to the extent the use thereof for the application to the payment of Indebtedness is not
prohibited by any Requirement of Law or any contract binding on Holdings or any of its Subsidiaries. 
 “USA PATRIOT Act”
means The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26,
2001)). 
 “Voting Stock” shall mean, with respect to any Person, shares of such Person’s Capital Stock that is at the
time generally entitled, without regard to contingencies, to vote in the election of the Board of Directors of such Person. To the extent that a partnership agreement, limited liability company agreement or other agreement governing a partnership or
limited liability company provides that the members of the Board of Directors of such partnership or limited liability company (or, in the case of a limited partnership whose business and affairs are managed or controlled by its general partner, the
Board of Directors of the general partner of such limited partnership) are appointed or designated by one or more Persons rather than by a vote of Voting Stock, each of the Persons who are entitled to appoint or designate the members of such Board
of Directors will be deemed to own a percentage of Voting Stock of such partnership or limited liability company equal to (a) the aggregate votes entitled to be cast on such Board of Directors by the members of such Board of Directors which
such Person or Persons are entitled to appoint or designate divided by (b) the aggregate number of votes of all members of such Board of Directors. 

“Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by
dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect
thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment (it being understood that the Weighted Average Life to
Maturity shall be determined without giving effect to any change in installment or other payments of principal resulting from prepayments of such Indebtedness); by (b) the then outstanding principal amount of such Indebtedness. 

“Wholly-Owned Subsidiary” of any Person means a subsidiary of such Person, 100% of the Capital Stock (including all voting
and economic rights) of which (other than directors’ qualifying shares or shares required by law to be owned by a resident of the relevant jurisdiction) shall be owned by such Person or by one or more Wholly-Owned Subsidiaries of such Person.

 SECTION 1.02. Terms Generally; Reclassification. 

(a) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the
context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be 

  
 34 

 
deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the
context requires otherwise, (a) any definition of or reference to any agreement, instrument or other document herein or in any Loan Document shall be construed as referring to such agreement, instrument or other document as from time to time
amended, restated, amended and restated, supplemented or otherwise modified, extended, refinanced or replaced (subject to any restrictions or qualifications on such amendments, restatements, amendment and restatements, supplements or modifications,
extensions, refinancings or replacements set forth herein or in any Loan Document), (b) any reference to any law in any Loan Document shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or
interpreting such law, (c) any reference herein or in any Loan Document to any Person shall be construed to include such Person’s successors and permitted assigns, (d) the words “herein”, “hereof” and
“hereunder”, and words of similar import, when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision hereof or thereof, (e) all references herein or in any
Loan Document to Articles, Sections, clauses, paragraphs, Exhibits and Schedules shall be construed to refer to Articles, Sections, clauses and paragraphs of, and Exhibits and Schedules to, such Loan Document, (f) in the computation of periods
of time in any Loan Document from a specified date to a later specified date, the word “from” means “from and including”, the words “to” and “until” mean “to but excluding” and the word
“through” means “to and including” and (g) the words “asset” and “property”, when used in any Loan Document, shall be construed to have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including Cash, securities, accounts and contract rights. 
 SECTION 1.03. Accounting
Terms; GAAP; Certain Calculations. 
 (a) All financial statements to be delivered pursuant to this Agreement shall be
prepared in accordance with GAAP as in effect from time to time and, except as otherwise expressly provided herein, all terms of an accounting or financial nature that are used in calculating the Consolidated Total Leverage Ratio, or Consolidated
Adjusted EBITDA shall be construed and interpreted in accordance with GAAP as in effect from time to time; provided that, if the Borrower notifies the Lender that the Borrower requests an amendment to any provision hereof to eliminate the
effect of any change occurring after the date of delivery of the first financial statements pursuant to Section 5.01(a) or 5.01(b), as applicable, in GAAP or in the application thereof on the operation of such provision (or if the Lender
notifies the Borrower that it requests an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted
on the basis of GAAP as in effect and applied immediately before such change becomes effective until such notice have been withdrawn or such provision amended in accordance herewith; provided, further, that if such an amendment is
requested by the Borrower or the Lender, then the Borrower and the Lender shall negotiate in good faith to enter into an amendment of the relevant affected provisions (without the payment of any amendment or similar fee to the Lender) to preserve
the original intent thereof in light of such change in GAAP or the application thereof. 
 (b) Notwithstanding anything to
the contrary herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made without giving effect to (i) any election under Accounting Standards
Codification Topic 815 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of Holdings or any subsidiary at “fair value,” as
defined therein, and (ii) any treatment of Indebtedness in respect of convertible debt instruments under applicable standards promulgated by the US Financial Accounting Standards Board and GAAP to value any such Indebtedness in a reduced or
bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof. 

  
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 (c) Notwithstanding anything to the contrary herein, financial tests
(including the Consolidated Total Leverage Ratio, and Consolidated Adjusted EBITDA) contained in this Agreement that are calculated with respect to any Test Period during which any Subject Transaction occurs shall be calculated with respect to such
Test Period and such Subject Transaction on a Pro Forma Basis and to the extent the proceeds of any new Indebtedness are to be used to repay other Indebtedness (including by repurchase, redemption, retirement, extinguishment, defeasance, discharge
or pursuant to escrow or similar arrangements), Holdings shall be permitted to give effect to such repayment of Indebtedness on a Pro Forma Basis. 

SECTION 1.04. Timing of Payment of Performance; Times of Day. When payment of any obligation or the performance of any
covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing
interest, interest thereon shall be payable for the period of such extension. Unless otherwise specified herein, all references herein to times of day shall be references to New York City time (daylight or standard, as applicable). 

SECTION 1.05. Division of Limited Liability Company. Any reference herein to a merger, transfer, consolidation,
amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company (or the
unwinding of such a division or allocation), as if it were a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale or transfer, or similar term, as applicable, to, of or with a separate Person. Any division of a limited
liability company shall constitute a separate Person hereunder (and each division of any limited liability company that is a subsidiary, Subsidiary, joint venture or any other like term shall also constitute such a Person or entity). 

SECTION 1.06. Limited Condition Transactions. In connection with any action being taken solely in connection with a
Limited Condition Transaction, for purposes of: 
 (i) determining compliance with any provision of this Agreement which
requires the calculation of the Consolidated Total Leverage Ratio; 
 (ii) determining the accuracy of representations and
warranties and/or whether a Default or Event of Default shall have occurred and be continuing (or any subset of Defaults or Events of Default); or 

(iii) testing availability under baskets set forth in this Agreement (including baskets measured as a percentage of
Consolidated Adjusted EBITDA); 
 in each case, at the option of the Borrower (the Borrower’s election to exercise such option in
connection with any Limited Condition Transaction, an “LCT Election”), with such option to be exercised on or prior to the date of execution of the definitive agreements related to such Limited Condition Transaction, the date of
determination of whether any such action is permitted hereunder, shall be deemed to be the date the definitive agreements for such Limited Condition Transaction are entered into (the “LCT Test Date”), and if, after giving pro forma
effect to the Limited Condition Transaction and the other transactions to be entered into in connection therewith (including any incurrence of Indebtedness or Liens and the use of proceeds thereof) as if they had occurred at the beginning of the
most recent Test Period 

  
 36 

 
ending prior to the LCT Test Date, the Borrower could have taken such action on the relevant LCT Test Date in compliance with such ratio or basket, such ratio or basket shall be deemed to have
been complied with. For the avoidance of doubt, if the Borrower has made an LCT Election and any of the ratios or baskets for which compliance was determined or tested as of the LCT Test Date are exceeded as a result of fluctuations in any such
ratio or basket, including due to fluctuations in Consolidated Adjusted EBITDA of the Borrower or the Person subject to such Limited Condition Transaction, at or prior to the consummation of the relevant transaction or action, such baskets or ratios
will not be deemed to have been exceeded as a result of such fluctuations. If the Borrower has made an LCT Election for any Limited Condition Transaction, then in connection with any subsequent calculation of the incurrence ratios subject to the LCT
Election on or following the relevant LCT Test Date and prior to the earlier of (i) the date on which such Limited Condition Transaction is consummated or (ii) the date that the definitive agreement for such Limited Condition Transaction
is terminated or expires without consummation of such Limited Condition Transaction, any such ratio or basket shall be calculated on a Pro Forma Basis assuming such Limited Condition Transaction and other transactions in connection therewith
(including any incurrence of Indebtedness or Liens and the use of proceeds thereof) have been consummated, except that (other than solely with respect to the incurrence ratios subject to the LCT Election) Consolidated Adjusted EBITDA, and
Consolidated Net Income of any target or targets of such Limited Condition Transaction shall only be used in the determination of any incurrence ratio and/or asset-based basket if and when such Limited Condition Transaction has been consummated.

 ARTICLE 2 THE LOAN 

SECTION 2.01. The Loan. As contemplated by the Purchase Agreement and for value received, on the Closing Date and upon
the occurrence of the Closing (as defined in the Purchase Agreement) for all purposes hereunder the aggregate amount of the Seller Note Amount shall, automatically and without further action by any Person, constitute the “Loan” to
be paid by the Borrower to the Lender in accordance with the terms hereof. On and as of the Closing Date, the Borrower acknowledges and agrees that the outstanding principal amount owed to the Lender pursuant to the Loan, this Agreement and the
other Loan Documents is $720,000,000. 
 SECTION 2.02. Repayment of the Loan; Evidence of Debt. 

(a) The Borrower hereby unconditionally promises to repay in full the outstanding principal amount of the Loan to the Lender on
the Maturity Date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment; and together with any other Obligations due and owing under this Agreement and the other Loan
Documents. For the avoidance of doubt, amounts paid or prepaid in respect of the Loan may not be reborrowed. 
 (b) The
Lender shall maintain an account or accounts evidencing the indebtedness of the Borrower to the Lender resulting from the Loan made by the Lender, including the amounts of principal and interest payable and paid to the Lender from time to time
hereunder. 
 (c) The entries made in the accounts maintained pursuant to clause (b) of this
Section 2.02 shall be prima facie evidence of the existence and amounts of the Obligations recorded therein (absent manifest error); provided that the failure of the Lender to maintain such accounts or any manifest
error therein shall not in any manner affect the obligation of the Borrower to repay the Loan and/or any other Obligations in accordance with the terms of this Agreement and the other Loan Documents. 

  
 37 

 (d) The Loan shall be evidenced by a Promissory Note. In furtherance of the
foregoing, the Borrower shall prepare, execute and deliver to the Lender a Promissory Note payable to the Lender; it being understood and agreed that the Lender shall be required to return such Promissory Note to the Borrower for cancellation upon
the Termination Date. If the Lender loses the original copy of its Promissory Note, it shall execute an affidavit of loss containing an indemnification provision that is reasonably satisfactory to the Borrower. The obligation of the Lender to
execute an affidavit of loss containing an indemnification provision that is reasonably satisfactory to the Borrower shall survive the Termination Date. 

SECTION 2.03. Prepayment of the Loan. 

(a) Optional Prepayments. Prior to the earlier of (i) the Put Right Election Date and (ii) the date that is
four years after the Closing Date (such earlier date, the “Call Protection Termination Date”), the Borrower shall not voluntarily prepay the Loan in whole or in part. At any time on or after the Call Protection Termination
Date, the Borrower may, upon three Business Days prior notice to the Lender, at any time or from time to time voluntarily prepay the Loan in whole or in part without premium or penalty but together in each case with accrued and unpaid interest on
the principal amount to be paid to but excluding the date of such payment; and together with any other Obligations then due and owing, if any, under this Agreement and the other Loan Documents; provided that any prepayment shall be in a minimum
principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, the entire principal amount thereof then outstanding. Prepayments shall be accompanied by accrued interest as required by Section 2.05. The
Borrower acknowledges and agrees that a breach of this Section 2.03(a) will result in an immediate Event of Default pursuant to Section 7.01, entitling the Lender to exercise any and all remedies
pursuant to Article 7, including the payment of the Applicable Premium as provided in Article 7. 
 (b)
Mandatory Prepayments. 
 (i) At the option of the Lender in its sole and absolute discretion, no later than the fifth
Business Day following the receipt of any Net Proceeds in respect of any Prepayment Asset Sale or any Casualty/Condemnation Event, in each case, in excess of (x) $5,000,000 in a single transaction or series of related transactions and (y)
$20,000,000 in any fiscal year, the Borrower shall apply an amount (collectively, the “Subject Proceeds”) equal to 100% of such Net Proceeds in excess of such thresholds set forth in the foregoing clauses (x) and (y) to prepay
the outstanding Loan, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment; and together with any other Obligations then due and owing, if any, under this Agreement and
the other Loan Documents; provided, that if Holdings or any of its Subsidiaries intends to reinvest such Net Proceeds in the business of Holdings or any of its subsidiaries (including any acquisitions or other Investment permitted under
Section 6.05) within 18 months following receipt thereof, then no prepayment shall be required pursuant to this clause (i) in respect of such Net Proceeds (or the applicable portion thereof, if applicable)
except to the extent of any such Net Proceeds that have not been so invested (or contractually committed to be invested) by the end of such 18-month period (or, if contractually committed to be so invested
within such 18-month period, have not been so invested within 24 months after receipt thereof), at which time a prepayment shall be required in an amount equal to such Net Proceeds that have not been so
invested (or contractually committed to be invested). 
 (ii) At the option of the Lender in its sole and absolute
discretion, in the event that Holdings or any of its Subsidiaries shall receive Net Proceeds from the issuance or incurrence of Indebtedness of Holdings or any of its Subsidiaries (other than with respect to Indebtedness permitted under
Section 6.01), the Borrower shall, substantially simultaneously with (and in any 

  
 38 

 
event not later than the Business Day immediately following) the receipt of such Net Proceeds by Holdings or such Subsidiary, apply an amount equal to 100% of such Net Proceeds to prepay the
outstanding Loan together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment; and together with any other Obligations, if any, then due and owing under this Agreement and the
other Loan Documents. 
 (iii) The Lender may elect in its sole and absolute discretion, by written notice to the Borrower no
later than 1:00 p.m. one Business Day prior to any prepayment of the Loan required to be made by the Borrower pursuant to this Section 2.03(b), to decline all or any portion of any such mandatory prepayment (such declined
amounts, the “Declined Proceeds”), in which case such Declined Proceeds may be retained by the Borrower. If the Lender fails to deliver a notice of election declining receipt of such mandatory prepayment to the Borrower within the
time frame specified above, the Borrower shall promptly (but in any event within one Business Day) send a written notice to the Lender requesting the Lender to make a determination whether or not to decline such amounts. 

(iv) The Borrower shall deliver to the Lender written notice no later than 12:00 p.m. two Business Days prior to the time of each prepayment
required under Section 2.03(b); furthermore, the Borrower shall deliver to the Lender, at the time of each prepayment required under this Section 2.03(b), a certificate signed by a Responsible
Officer of the Borrower setting forth in reasonable detail the calculation of the amount of such prepayment. Each such certificate shall specify the principal amount of the Loan or portion thereof to be prepaid. Prepayments shall be accompanied by
accrued interest as required by Section 2.05. All prepayments of the Loan under this Section 2.03(b) shall be subject to Section 2.03(c). 

(c) If the Borrower makes any prepayment of the Loan pursuant to Section 2.03(b) prior to the Call
Protection Termination Date, the Borrower will pay to the Lender, in addition to the outstanding principal amount of the Loan being prepaid plus any accrued and unpaid interest thereon and any other Obligations then due and owing, if any, to but
excluding, the prepayment date, a premium in an amount equal to the Applicable Premium. 
 SECTION 2.04. Put Option.
Upon not less than six months’ prior written notice to the Borrower (the date such notice is delivered to the Borrower, the “Put Right Election Date”; provided that the Put Right Election Date may not occur prior to the
date that is 36 months after the Closing Date), the Lender may, in its sole and absolute discretion, require that the Borrower prepay the outstanding principal amount of the Loan in full, in Cash in Dollars, together with the payment of accrued but
unpaid interest and any other accrued but unpaid amounts hereunder to the date of prepayment and any other Obligations then due and owing on the date specified in such written notice (the “Put Right Repayment Date”), but without
premium or penalty (and for the avoidance of doubt, without any Applicable Premium); provided, however, that if a Market Disruption Event shall have occurred and is continuing as of the Put Right Repayment Date, then so long as the Market
Disruption Event shall continue, the Borrower shall not be required to prepay the outstanding principal amount of the Loan in full as provided in this Section 2.04. For the avoidance of doubt, upon the termination of any
Market Disruption Event, the Borrower shall immediately comply with its obligations under this Section 2.04 to immediately prepay in full in Cash in Dollars the outstanding principal amount of the Loan together with accrued
but unpaid interest and any other accrued but unpaid amounts hereunder to the date of prepayment and any other Obligations then due and owing. 

  
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 SECTION 2.05. Interest. 

(a) The Loan shall bear interest at 7.00% per annum. 

(b) Notwithstanding the foregoing, if any principal of or interest on the Loan or any fee payable by the Borrower hereunder is
not paid when due, whether at stated maturity, upon acceleration or otherwise, or upon the occurrence of an Event of Default, any and all overdue amounts (including, but not limited to, principal, interest and fees) payable hereunder shall bear
interest, to the fullest extent permitted by law, after as well as before judgment, at a rate per annum equal to 2.00% plus the rate otherwise applicable to the Loan as provided in Section 2.05(a). 

(c) Accrued interest on the Loan shall be payable in cash in arrears on each Interest Payment Date for the Loan, and upon the
Maturity Date; provided in the event of any repayment or prepayment of the Loan (in whole or in part), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment. 

(d) All interest hereunder shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case
shall be payable for the actual number of days elapsed (including the first day but excluding the last day). Interest shall accrue on the Loan for the day on which the Loan is made and shall not accrue on the Loan, or any portion thereof, for the
day on which the Loan or such portion is paid. 
 SECTION 2.06. Taxes. 

(a) Payments Free of Taxes. All payments by or on account of any obligation of any Loan Party hereunder shall be made
free and clear of and without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion of an applicable Loan Party or other applicable withholding agent) requires
the deduction or withholding of any Tax from any such payment by a Loan Party, 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 the applicable law; provided that if a Loan Party shall be required to deduct or withhold any Indemnified Taxes from such payments, the sum payable by such Loan Party shall be increased as necessary
so that after making such deduction or withholding (including deductions and withholdings applicable to additional sums payable under this Section 2.06(a)) the Lender receives an amount equal to the sum it would have
received had no such deductions or withholding been made. 
 (b) Other Taxes. In addition, the Loan Parties shall pay
any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c) Indemnification by Loan
Parties. Each Loan Party shall indemnify the Lender within 10 days after written demand therefor, for the full amount of any Indemnified Taxes paid by the Lender, on or with respect to any payment by or any payment on account of any obligation
of such Loan Party hereunder (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) and any reasonable out-of-pocket
expenses arising therefrom or with respect thereto, 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 Loan Parties by the Lender shall be conclusive absent manifest error. 
 (d) Evidence of Payments. As soon as
practicable after any payment of Taxes by a Loan Party to a Governmental Authority in accordance with this Section, such Loan Party shall deliver to the Lender 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 Lender. 

  
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 (e) Survival. Each party’s obligations under this
Section 2.06 shall survive the replacement of the Lender or any assignment of rights by, or the replacement of, the Lender and the repayment, satisfaction or discharge of all obligations under any Loan Document. 

(f) Status of Lender. The Lender shall provide executed copies of IRS
Form W-9 certifying that Lender is exempt from U.S. federal backup withholding tax. 

(g) Treatment of Certain Refunds. If the Lender 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 2.06 (including by the payment of additional amounts pursuant to this Section 2.06), it shall pay to the indemnifying Loan Party an amount
equal to such refund (but only to the extent of indemnity payments made under this Section 2.06 with respect to the Taxes giving rise to such refund), net of all
out-of-pocket expenses (including Taxes) of the Lender and without interest (other than any interest paid by the relevant Governmental Authority with respect to such
refund). Such Loan Party, upon the request of Lender, shall repay to the Lender the amount paid over pursuant to this paragraph (g) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that
the Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (g), in no event will the Lender be required to pay any amount to a Loan Party pursuant to this
paragraph (g) the payment of which would place the Lender in a less favorable net after-Tax position than the Lender 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 the Lender to make available its Tax returns
(or any other information relating to its Taxes that it deems confidential) to the Loan Party or any other Person. 

SECTION 2.07. Payments Generally; Allocation of Proceeds. 

(a) Unless otherwise specified, the Borrower shall make each payment required to be made by it hereunder (whether of principal,
interest or fees or reimbursements, or of amounts payable under Section 2.06, or otherwise) prior to 2:00 p.m. on the date when due, in immediately available funds in Cash in Dollars, without
set-off (except as otherwise provided in Section 2.06) or counterclaim; provided that, if agreed by the Lender as part of a transaction that is not otherwise prohibited by this
Agreement, the Borrower may make any payment required to be made in immediately available funds by it hereunder to the Lender in respect of the Lender’s Loan in any other form of consideration as the Lender may agree to accept in its sole
discretion. Any amounts received after such time on any date may, in the discretion of the Lender, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to
the Lender to the applicable account designated to the Borrower by the Lender, except that payments pursuant to Section 2.06 and 8.03 shall be made directly to the Persons entitled thereto. The Lender shall
distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. Subject to the proviso set forth in the first sentence of this paragraph, all payments hereunder shall
be made in Cash and in Dollars. Subject in all respects to the provisions of any Acceptable Intercreditor Agreement then in effect, all proceeds of Collateral received by the Lender after an Event of Default has occurred and is continuing or all or
any portion of the Loan shall have been accelerated hereunder pursuant to Section 7.01, shall, upon election by the Lender, be applied, first, to the payment of all costs and expenses then due incurred by the Lender
in connection with any collection, sale or realization on Collateral or otherwise in connection with this Agreement, any other Loan Document or any of the Obligations, including all court costs and the fees and expenses of agents and legal counsel,
the repayment of all advances made by the Lender hereunder or under any other Loan Document on 

  
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behalf of any Loan Party and any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Loan Document, second, to pay any
fees, indemnities or expense reimbursements then due to the Lender (other than those covered in clause first above) from the Borrower constituting Obligations, third, in accordance with the amounts of the Obligations (other than contingent
indemnification obligations for which no claim or demand has been made) owed to the Lender on the date of any such distribution, to the payment in full of the Obligations, and fourth, after payment in full of all Obligations (other than
contingent indemnification obligations for which no claim or demand has been made), to, or at the direction of, the Borrower or as a court of competent jurisdiction may otherwise direct. 

ARTICLE 3 REPRESENTATIONS AND WARRANTIES 

On the Closing Date and on any other applicable date, each of Holdings, the Borrower and the other Loan Parties, on behalf of themselves and
their respective Subsidiaries, represents and warrants to the Lender that (provided that, notwithstanding anything in this Agreement to the contrary, solely with respect to the making of the representations and warranties set forth in Sections
3.01(b) and (c), 3.03(c), 3.04, 3.05, 3.06, 3.07, 3.09, 3.10, 3.11, 3.13, 3.15 and 3.17 on the Closing Date, such representations and warranties shall be made
solely by, and solely with respect to, Holdings and the Borrower (as applicable)): 
 SECTION 3.01. Organization;
Powers. Each of the Loan Parties and each of their Subsidiaries (a) is (i) duly organized and validly existing and (ii) in good standing (to the extent such concept exists in the relevant jurisdiction) under the laws of the
jurisdiction of its organization, (b) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and (c) is qualified to do business in, and is in good standing (to the extent such
concept exists in the relevant jurisdiction) in, every jurisdiction where its ownership, lease or operation of properties or conduct of its business requires such qualification; except, in each case referred to in this
Section 3.01 (other than clauses (a)(i) and (b) with respect to Holdings and the Borrower) where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a
Material Adverse Effect. 
 SECTION 3.02. Authorization; Enforceability. The execution, delivery and performance of
each of the Loan Documents are within each applicable Loan Party’s corporate or other organizational powers and have been duly authorized by all necessary corporate or other organizational action of such Loan Party. Each Loan Document to which
any Loan Party is a party has been duly executed and delivered by such Loan Party and is a legal, valid and binding obligation of such Loan Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency or similar laws
affecting creditors’ rights generally and to general principles of equity and principles of good faith and dealing. 

SECTION 3.03. Governmental Approvals; No Conflicts. The execution and delivery of the Loan Documents by each Loan Party
party thereto and the performance by such Loan Party thereof (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except (i) such as have been obtained or made and
are in full force and effect, (ii) for filings necessary to perfect Liens created pursuant to the Loan Documents and (iii) such consents, approvals, registrations, filings, or other actions the failure to obtain or make which could not be
reasonably expected to have a Material Adverse Effect, (b) will not violate (i) any of such Loan Party’s Organizational Documents or (ii) any Requirements of Law applicable to such Loan Party which, in the case of this clause
(b)(ii), could reasonably be expected to have a Material Adverse Effect and (c) will not violate or result in a default under any material Contractual Obligation of any of the Loan Parties which violation or default could reasonably be
expected to result in a Material Adverse Effect. 

  
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 SECTION 3.04. No Material Adverse Effect. Since the Closing Date,
there has been no event or condition that has resulted, or would reasonably be expected to result, in a Material Adverse Effect. 

SECTION 3.05. Properties. 

(a) Holdings and each of its Subsidiaries has good and valid fee simple title (or similar concept under any applicable
jurisdiction) to or rights to purchase, or valid leasehold interests in, or other limited property interests in, all its Real Estate Assets (including any Mortgaged Properties) acquired after the Closing Date and has good title to its personal
property and assets, in each case, except (i) for defects in title that do not materially interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes or
(ii) where the failure to have such title or rights would not reasonably be expected to have a Material Adverse Effect. All such properties and assets are free and clear of Liens, other than Permitted Liens. 

(b) Holdings and its Subsidiaries have valid title to or a valid license or right to use all patents, trademarks, service
marks, trade names, copyrights, proprietary know how and data and other rights in works of authorship (including all copyrights embodied in software) and all other similar intellectual property rights (the foregoing, collectively, “IP
Rights”) acquired after the Closing Date necessary to conduct the businesses of Holdings and its Subsidiaries as presently conducted without, to the knowledge of Holdings, any infringement or misappropriation of the IP Rights of third
parties, except where such failure to own or license or have rights to use would not, or where such infringement or misappropriation would not, have, individually or in the aggregate, a Material Adverse Effect. 

SECTION 3.06. Litigation and Environmental Matters. 

(a) There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the
knowledge of Holdings, threatened against or affecting the Loan Parties or any of their Subsidiaries which would reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. 

(b) Except for any matters that, individually or in the aggregate, would not reasonably be expected to result in a Material
Adverse Effect, (i) no Loan Party nor any of its Subsidiaries has received notice of any Environmental Claim or knows of any basis for any Environmental Liability and (ii) no Loan Party nor any of its Subsidiaries has failed to comply with
any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law. 

(c) Neither Holdings nor any of its Subsidiaries has treated, stored, transported or disposed of Hazardous Materials at or from
any currently or formerly operated real estate or facility relating to its business in a manner that would reasonably be expected to have a Material Adverse Effect. 

Except with respect to Holdings and the Borrower, the representations made in this Section 3.06 shall only be
applicable since the Closing Date. 
 SECTION 3.07. Compliance with Laws. Each of Holdings and its Subsidiaries is in
compliance with all Requirements of Law applicable to it or its property, except, in each case, where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. Except with
respect to Holdings and the Borrower, the representations made in this Section 3.07 shall only be applicable since the Closing Date. 

  
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 SECTION 3.08. Investment Company Status. No Loan Party is required to
register as an “investment company” under the Investment Company Act of 1940, as amended. The execution and delivery of the Loan Documents by the Loan Parties and the consummation by the Loan Parties of the transactions contemplated by
this Agreement do not violate, and are not subject to voidance under, the Investment Company Act of 1940, as amended. 

SECTION 3.09. Taxes. Each of Holdings and its Subsidiaries has timely filed or caused to be filed all Tax returns and
reports required to have been filed by it and has paid or caused to be paid all Taxes required to have been paid by it that are due and payable, except (a) Taxes (or any requirement to file Tax returns with respect thereto) that are being
contested in good faith by appropriate proceedings and for which Holdings or such Subsidiary, as applicable, has set aside on its books adequate reserves in accordance with GAAP, or (b) in each case, to the extent that the failure to do so,
individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. Except with respect to Holdings and the Borrower the representations made in this Section 3.09 shall only be
applicable since the Closing Date. 
 SECTION 3.10. ERISA; Plan Assets. No ERISA Event has occurred in the five-year
period prior to the date on which this representation is made or deemed made and is continuing that, when taken together with all other such ERISA Events, would reasonably be expected to result in a Material Adverse Effect. Except with respect to
Holdings and the Borrower, the representations made in this Section 3.10 shall only be applicable since the Closing Date. 

SECTION 3.11. Disclosure. As of the Closing Date, all information (other than (i) forecasts, financial estimates,
other forward-looking information and/or (ii) projected information and information of a general economic or industry-specific nature) concerning Holdings and the Borrower that was prepared by or on behalf of Holdings or the Borrower or their
respective representatives and made available to the Lender in connection with the Transactions on or before the Closing Date, when taken as a whole, did not, when furnished, contain any untrue statement of a material fact or omit to state a
material fact necessary in order to make the statements contained therein not materially misleading in light of the circumstances under which such statements are made (after giving effect to all supplements and updates thereto from time to time
prior to the Closing Date). 
 SECTION 3.12. Solvency. As of the Closing Date, immediately after the incurrence of
Indebtedness being incurred under this Agreement on the Closing Date and the consummation of the other Transactions, (i) the sum of the debt (including contingent liabilities) of Holdings and its Subsidiaries, on a consolidated basis taken as a
whole, does not exceed the fair value of the assets of Holdings and its Subsidiaries, on a consolidated basis taken as a whole, (ii) the present fair saleable value of the assets of Holdings and its Subsidiaries, on a consolidated basis taken
as a whole, is not less than the amount that will be required to pay the probable liabilities (including contingent liabilities) of Holdings and its Subsidiaries, on a consolidated basis taken as a whole, on their debts as they become absolute and
matured, (iii) the capital of Holdings and its Subsidiaries, on a consolidated basis taken as a whole, is not unreasonably small in relation to the business of Holdings and its Subsidiaries, on a consolidated basis taken as a whole,
contemplated as of the Closing Date, and (iv) Holdings and its Subsidiaries, on a consolidated basis taken as a whole, do not intend to incur, or believe that they will incur, debts (including current obligations and contingent liabilities)
beyond their ability to pay such debts as they mature in the ordinary course of business. For purposes of the foregoing determination, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the
facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

  
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 SECTION 3.13. Capitalization and Subsidiaries.
Schedule 3.13 sets forth, in each case, as of the Closing Date (or, to the extent applicable, as of the date of the most recent Compliance Certificate provided pursuant to Section 5.01(c)), (a) a
correct and complete list of the name of each Subsidiary of Holdings and the ownership interest therein held by Holdings or its applicable Subsidiary, and (b) the type of entity of each of Holdings’ Subsidiaries. 

SECTION 3.14. Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create
legal, valid and enforceable Liens on the Collateral in favor of the Lender, subject, as to enforceability, to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and to general principles of equity and
principles of good faith and dealing, and upon the making of such filings and taking of such other actions required to be taken hereby or by the applicable Loan Documents (including the filing of appropriate financing statements with the office of
the Secretary of State of the state of organization of each Loan Party that is a Domestic Subsidiary, as the case may be, the filing of appropriate notices with the U.S. Patent and Trademark Office and the U.S. Copyright Office, and the proper
recordation of Mortgages and fixture filings with respect to any Material Real Estate Assets, in each case in favor of the Lender, and the delivery to the Lender of any stock certificates or promissory notes required to be delivered pursuant to the
applicable Loan Documents), such Liens will constitute perfected Liens (with the priority such Liens are expressed to have within the relevant Collateral Document) on the Collateral (to the extent such Liens are required to be perfected under the
terms of the Loan Documents and to the extent such Liens may be perfected by such filings), securing the Obligations, in each case as and to the extent set forth therein. 

SECTION 3.15. Senior Indebtedness. The Obligations constitute “Senior Indebtedness” (or any comparable term)
and “Designated Senior Debt” (or any comparable term) (if applicable) under and as defined in the documentation governing any Junior Debt. 

SECTION 3.16. Federal Reserve Regulations. 

(a) On the Closing Date, not more than 25% of the value of the assets of Holdings, and its Subsidiaries, taken as a whole, is
represented by Margin Stock. 
 (b) None of Holdings or any of its Subsidiaries is engaged principally, or as one of its
important activities, in the business of extending credit for the purpose of buying or carrying Margin Stock. 
 (c) No part
of the proceeds of the Loan will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, for any purpose that entails a violation of the provisions of Regulation U or X. 

SECTION 3.17. Sanctions; Anti-Terrorism Laws; Anti-Corruption Laws. 

(a) None of Holdings or any of its Subsidiaries, nor, to the knowledge of Holdings, any Affiliate, director, officer agent or
employee of any of the foregoing, is (i) the target of any Sanctions or (ii) organized in, resident in, or doing business within a Sanctioned Country; and the Borrower will not directly or, to the knowledge of the Borrower, indirectly use
the proceeds of the Loan or otherwise directly or, knowingly, indirectly make available such proceeds to any Person for the purpose of financing the activities or business of any Person, or in any Sanctioned Country, except to the extent permissible
for a Person required to comply with Sanctions. 

  
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 (b) To the extent applicable, each Loan Party is in compliance, in all
material respects, with (i) applicable Sanctions and (ii) Anti-Terrorism Laws. 
 (c) No part of the proceeds of
the Loan will be used, directly or, to the knowledge of the Borrower, indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an
official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of Anti-Corruption Laws. 

Except with respect to Holdings and the Borrower, the representations made in this Section 3.17 shall only be
applicable since the Closing Date. 
 SECTION 3.18. Use of Proceeds. The Borrower has used the proceeds of the Loan
only in compliance with (and not in contravention of) Section 5.09. 
 ARTICLE 4 RESERVED 

ARTICLE 5 AFFIRMATIVE COVENANTS 

Until the date that all the principal of and interest on the Loan and all fees, expenses, other amounts and Obligations payable under any Loan
Document (other than contingent indemnification obligations for which no claim or demand has been made) have been paid in full in Cash (such date, the “Termination Date”), each of Holdings, the Borrower and its Subsidiaries covenant
and agree with the Lender that: 
 SECTION 5.01. Financial Statements and Other Reports. Holdings will deliver to the
Lender: 
 (a) Unaudited Financial Statements. Commencing with the financial statements for the Fiscal Quarter ending
March 31, 2022, within 60 days (or with respect to the first three Fiscal Quarters ending after the Closing Date, 75 days) following the end of each Fiscal Quarter of each Fiscal Year (or, if applicable, any later date by which Holdings is required
to file its quarterly report on Form 10-Q under applicable SEC rules), the consolidated statement of financial position of Holdings as at the end of such Fiscal Quarter and the related consolidated statements
of comprehensive income (loss) and cash flows of Holdings for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter, setting forth in each case in comparative form (other than for
the first four quarters following the Closing Date) the corresponding figures for the corresponding periods of the previous Fiscal Year, all in reasonable detail, together with a Financial Officer Certification with respect thereto, subject to
changes resulting from audit and normal year-end audit adjustments and to the absence of footnotes; provided, however, that such financial statements shall not be required to reflect any purchase
accounting adjustments relating to the Purchase or any other acquisition consummated after the Closing Date until after the delivery of financial statements pursuant to Section 5.01(b) which include such adjustments; 

(b) Annual Financial Statements. Beginning with the Fiscal Year ending December 31, 2021, as soon as available and
in any event within 120 days (or with respect to the Fiscal Year ending December 31, 2021, 150 days) after the end of each Fiscal Year (or, if applicable, any later date by which Holdings is required to file its annual report on Form 10-K under applicable SEC rules), (i) the consolidated statement of financial position of Holdings as at the end of such Fiscal Year and the related consolidated statements of comprehensive income (loss), changes in
equity and 

  
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cash flows of Holdings for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the previous Fiscal Year, in reasonable detail; and (ii) with
respect to such consolidated financial statements, a report thereon of independent registered public accountants of recognized national standing (which report shall be unqualified as to “going concern” and scope of audit (other than solely
with respect to, or resulting solely from, (i) an upcoming maturity date under any documentation governing any Indebtedness within one year or (ii) any prospective or potential inability to satisfy a financial maintenance covenant on a
future date or in a future period (or, other than in the case of any revolving facility, any actual inability to satisfy or breach of a financial maintenance covenant)), and shall state that such consolidated financial statements fairly present, in
all material respects, the consolidated financial position of Holdings as at the dates indicated and the results of its consolidated operations and cash flows for the periods indicated in conformity with GAAP;  
 (c) Compliance Certificate. Not later than five Business Days
after each delivery of consolidated financial statements of Holdings pursuant to Sections 5.01(a) and 5.01(b), a duly executed and completed Compliance Certificate certifying that no Default or Event of Default has
occurred and is continuing (or if a Default or Event of Default has occurred and is continuing, describing in reasonable detail such Default or Event of Default and the steps being taken to cure, remedy or waive the same) and, to the extent
necessary to maintain its accuracy, providing an updated Schedule 3.13; 
 (d) Notice of Default. Promptly upon
the occurrence of any Default or Event of Default, written notice thereof; 
 (e) Notice of Litigation. Promptly upon
the occurrence of (i) the institution of, or threat of, any Adverse Proceeding not previously disclosed in writing by the Loan Parties to the Lender or (ii) any material development in any Adverse Proceeding that, in the case of either
clauses (i) or (ii), could reasonably be expected to have a Material Adverse Effect, written notice specifying the nature thereof; 

(f) ERISA. Promptly upon the occurrence of any ERISA Event that could reasonably be expected to have a Material Adverse
Effect, a written notice specifying the nature thereof; 
 (g) Budget. As soon as available and in any event no later
than 120 days (or with respect to the Fiscal Year beginning January 1, 2022, 150 days) after the beginning of each Fiscal Year commencing after the Closing Date, a consolidated budget of Holdings and its Subsidiaries for such Fiscal Year (in
the form customarily prepared by Holdings); 
 (h) Information Regarding Collateral. Holdings will furnish to the
Lender prompt (and in any event within thirty (30) days (or such later date as the Lender may reasonable agree)) written notice with respect to the Borrower, Holdings or any other Loan Party that is organized in the United States, of any change
(A) in any such Person’s legal name, (B) in any such Person’s type of organization, (C) in any such Person’s jurisdiction of organization, incorporation or amalgamation, chief executive office or domicile or (D) in
any such Person’s organizational identification number (to the extent necessary to perfect or maintain the perfection and priority of the Lender’s security interest in the applicable Collateral); 

(i) Certain Reports. Promptly upon their becoming available and without duplication of any obligations with respect to
any such information that is otherwise required to be delivered under the provisions of any Loan Document, copies of (i) following a Qualifying IPO, all financial statements, reports, notices and proxy statements sent or made available
generally by any Parent 

  
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Company to its public security holders acting in such capacity or by any Subsidiary of Holdings to its public security holders other than Holdings or another Subsidiary of Holdings and
(ii) all regular and periodic reports and all registration statements (other than amendments to any registration statement (to the extent such registration statement, in the form it became effective, is delivered to the Lender), exhibits to any
registration statement and, if applicable, any registration statement on Form S-8 or similar form) and prospectuses, if any, furnished or filed by any Parent Company (other than a Parent Company under clause
(c) of the definition thereof), Holdings or any of its Subsidiaries with any securities exchange or with the SEC or any governmental or private regulatory authority with jurisdiction over matters relating to securities; 

(a) Other Information. Subject to the limitations set forth in Section 5.06 and the confidentiality provisions of
Section 8.13, such additional information (financial or otherwise) as the Lender may reasonably request from time to time in connection with the financial condition or business of Holdings and its Subsidiaries; and 

(b) Quarterly Conference Calls. After delivery of consolidated financial statements of Holdings pursuant to
Sections 5.01(a) and 5.01(b), if reasonably requested by the Lender in its sole discretion, the Borrower shall conduct a quarterly conference call with the
Lender to discuss the financial condition and results of operations of the Borrower for the most recently ended Fiscal Quarter or Fiscal Year, as applicable, for which financial statements have been delivered pursuant to Sections 5.01(a) and
(b), at a date and time to be determined by the Borrower with reasonable advance notice to the Lender. 
 Documents required to be
delivered pursuant to this Section 5.01 may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which executed certificates or other documents are faxed to the
Lender (or electronically mailed to an address provided by the Lender); or (ii) in respect of the items required to be delivered pursuant to Section 5.01(i) above in respect of information furnished or filed by any
Parent Company, Holdings or any of its subsidiaries with any securities exchange or with the SEC or any governmental or private regulatory authority, such items have been made available on the SEC website or the website of the relevant analogous
governmental or private regulatory authority or securities exchange. Notwithstanding the foregoing, the obligations in paragraphs (a) and (b) of this Section 5.01 may be satisfied with respect to financial information of Holdings and its
consolidated Subsidiaries by furnishing Holdings’s Form 10-K, 10-Q, Annual Information Form and quarterly financial statements, as applicable, filed with the SEC.

 SECTION 5.02. Existence. Except as otherwise permitted under Section 6.06, Holdings will,
and will cause each of its Subsidiaries to, at all times preserve and keep in full force and effect its existence and all rights and franchises, licenses and permits necessary in the normal conduct of its business except to the extent (other than
with respect to the preservation of existence of Holdings or the Borrower) failure to do so could not reasonably be expected to result in a Material Adverse Effect; provided that neither Holdings nor any of its Subsidiaries shall be required
to preserve any such existence (other than the preservation of existence of Holdings and the Borrower), right or franchise, licenses or permits if such Person or such Person’s board of directors (or similar governing body) shall determine that
the preservation thereof is no longer desirable in the conduct of the business of such Person, and that the loss thereof is not disadvantageous in any material respect to such Person or to the Lender. 

SECTION 5.03. Payment of Taxes. Holdings will, and will cause each of its Subsidiaries to, pay all Taxes imposed upon it
or any of its properties or assets or in respect of any of its income, businesses or franchises before any penalty or fine accrues thereon; provided that no such Tax need be paid if (a) it is being contested in good faith by appropriate
proceedings and adequate reserves or other 

  
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appropriate provisions, as shall be required in conformity with GAAP, shall have been made therefor and, in the case of a Tax which has or may become a Lien against any of the Collateral, such
contest proceedings operate to stay the sale of any portion of the Collateral to satisfy such Tax or (b) failure to pay or discharge the same could not reasonably be expected to result in a Material Adverse Effect. 

SECTION 5.04. Maintenance of Properties. Holdings will, and will cause each of its Subsidiaries to, maintain or cause to
be maintained in good repair, working order and condition, ordinary wear and tear and casualty and condemnation excepted, all property and maintain and renew all intellectual property, in each case, reasonably necessary to the normal conduct of
business of Holdings and its Subsidiaries and from time to time will make or cause to be made all needed and appropriate repairs, renewals and replacements thereof except as expressly permitted by this Agreement or where the failure to maintain or
renew such properties or make such repairs, renewals or replacements could not reasonably be expected to have a Material Adverse Effect. 

SECTION 5.05. Insurance. Holdings will maintain or cause to be maintained, with financially sound and reputable
insurers, such insurance coverage with respect to liabilities, losses or damage in respect of the assets, properties and businesses of Holdings and its Subsidiaries as may customarily be carried or maintained under similar circumstances by Persons
of established reputations engaged in similar businesses (as determined in good faith by Holdings), in each case in such amounts, with such deductibles, covering such risks and otherwise on such terms and conditions as Holdings believes in good
faith is reasonable and prudent in light of the size or nature of its business. Without limiting the generality of the foregoing, Holdings and its Subsidiaries will maintain flood insurance with respect to each Flood Hazard Property, in each case in
compliance with the Flood Insurance Laws. Not later than 30 days after the Closing Date (or such later date as the Lender may reasonably agree), each such policy of insurance shall (a) name the Lender, as an additional insured thereunder as its
interests may appear and (b) in the case of each casualty insurance policy with respect to the Collateral, contain a lender’s loss payable and mortgagee, as applicable, clause or endorsement from such insurance carrier that names the
Lender, as lender’s loss payee and mortgagee, as applicable, thereunder and, to the extent available, provides for at least 30 days’ prior written notice to the Lender of any modification or cancellation of such policy (or 10
days’ prior written notice for any cancellation due to non-payment of premiums). 

SECTION 5.06. Inspections. Holdings will, and will cause each of its Subsidiaries to, permit any authorized
representatives designated by the Lender to visit and inspect any of the properties of Holdings and any of its Subsidiaries at which the principal financial records and executive officers of the applicable Person are located, to inspect, copy and
take extracts from its financial and accounting records, and to discuss its affairs, finances and accounts with its Responsible Officers and independent public accountants (provided that Holdings may, if it so chooses, be present at or
participate in any such discussion), all upon reasonable notice, reasonable coordination in and at such reasonable times during normal business hours; provided that, except as provided in the proviso below in connection with the occurrence
and continuance of an Event of Default, (i) the Lender shall not exercise such rights more often than twice during any calendar year and (ii) only twice per calendar year shall be at the expense of Holdings; provided,
further, that when an Event of Default has occurred and is continuing, the Lender (or any of its representatives or independent contractors) may do any of the foregoing at the expense of Holdings in accordance with
Section 8.03(a) at any time during normal business hours and upon reasonable advance notice. Notwithstanding anything to the contrary in Section 5.06, none of Holdings or any Subsidiary will be
required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, any document, information or other matter (i) that constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Lender (or its respective representatives or contractors) is prohibited by applicable law or any binding agreement or
(iii) that is subject to attorney-client or similar privilege or constitutes attorney work product. 

  
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 SECTION 5.07. Maintenance of Book and Records. Holdings will, and
will cause its Subsidiaries to, maintain proper books of record and account, in which entries that are full, true and correct in all material respects shall be made of all material financial transactions and matters involving the assets and business
of Holdings and its Subsidiaries, as the case may be, and permit the preparation of consolidated financial statements in accordance with GAAP. 

SECTION 5.08. Compliance with Laws. Holdings will comply, and shall cause each of its Subsidiaries to comply, with
Requirements of Law (including all Environmental Laws, ERISA, Anti-Corruption Laws, Anti-Terrorism Laws and Sanctions), except to the extent the failure of Holdings or such Subsidiary to comply could not reasonably be expected to have a Material
Adverse Effect. 
 SECTION 5.09. Use of Proceeds. 

(a) The Borrower shall use proceeds of the Loan solely to finance a portion of the Transactions. 

(b) No part of the proceeds of the Loan will be used, whether directly or indirectly, for any purpose that would entail a
violation of Regulations U or X. 
 SECTION 5.10. Additional Collateral; Further Assurances 

(a) Subject to applicable law and the limitations expressly set forth in this Agreement and the Collateral Documents, the
Borrower and each other Loan Party shall cause each Subsidiary (other than any Excluded Subsidiary) formed or acquired after the Closing Date (including, without limitation, upon the formation of any Subsidiary resulting from a division of a limited
liability company) to become a Loan Party on or prior to the earlier to occur of (i) the date that is 30 days following the date of such formation or acquisition and (ii) the next date a Compliance Certificate is required to be
delivered following the date of such formation or acquisition (including, without limitation, upon the formation of any Subsidiary resulting from a division of a limited liability company) (or, in either case, such later date as may be acceptable to
the Lender in its sole discretion), by executing (i) a Joinder Agreement in substantially the form attached as Exhibit B hereto (the “Joinder Agreement”), (ii) a Security Agreement Joinder Agreement or
such other customary supplements or joinders to the other applicable Collateral Documents or new security or collateral documents in the United States, in each case to create Liens over its assets of scope substantially similar to the Liens granted
pursuant to the Collateral Documents executed on the Closing Date or pursuant to Section 5.13, (iii) the Global Intercompany Note and (iv) such other documentation as the Lender may reasonably request and that is
contemplated by the terms hereof (including, for the avoidance of doubt, documents contemplated by clause (c) of this Section 5.10) or of the applicable Collateral Documents, together with such customary closing certificates, evidences of
authority and good standing and legal opinions as the Lender may reasonably request. Upon execution and delivery thereof, each such Person (x) shall automatically become a Subsidiary Guarantor hereunder and thereupon shall have all of the
rights, benefits, duties, and obligations in such capacity under the Loan Documents and (y) will take such actions as may be required by the terms hereof or of the applicable Collateral Documents to grant and perfect Liens to the Lender in any
property (subject to the limitations set forth herein and in the other Loan Documents) of such Loan Party which constitutes Collateral, on such terms as are required pursuant to the terms of the Collateral Documents and in such priority as may be
required pursuant to the terms of any Acceptable Intercreditor Agreement. 

  
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 (b) the Borrower and each other Loan Party will cause all Capital Stock
(other than any Capital Stock constituting an Excluded Asset) directly owned by them to be subject at all times to a First Priority perfected Lien in favor of the Lender pursuant to the terms and conditions of, and to the extent required by, the
Collateral Documents. 
 (c) Without limiting the foregoing, subject to any Acceptable Intercreditor Agreement and the
limitations expressly set forth in this Agreement and the Collateral Documents, each Loan Party will promptly execute and deliver, or cause to be promptly executed and delivered, to the Lender such documents, agreements (including, for the avoidance
of doubt, deposit account and securities account control agreements to the extent required by the Collateral Documents) and instruments, and will take or cause to be taken such further actions (including the filing and recording of financing
statements, fixture filings, mortgages, deeds of trust and other documents and such other actions or deliveries of the type required by Section 5.14), which the Lender may, from time to time, reasonably request to carry out
the terms and conditions of this Agreement and the other Loan Documents and to ensure perfection and priority of the Liens created or intended to be created by the Collateral Documents (to the extent required herein or therein), all at the expense
of the Borrower in accordance with Section 8.03(a). 
 (d) Subject to the limitations set forth or
referred to in this Section 5.10, if any Material Real Estate Asset is acquired by any Loan Party after the Closing Date or any Real Estate Asset which becomes a Material Real Estate Asset after the Closing Date, the
Borrower will promptly notify the Lender, and, if requested by the Lender in its sole discretion, within 75 days of such request (or such longer period as may be acceptable to the Lender) the Borrower will cause such assets to be subjected to a Lien
securing the Obligations and will take, and cause each Subsidiary that is a Loan Party to take, such actions as shall be reasonably requested by the Lender to grant and perfect such Liens, including actions described in clause (c) of
this Section 5.10, all at the expense of the Borrower in accordance with Section 8.03(a). The Loan Parties shall within 75 days following a request by the Lender (or such longer period as
the Lender may agree) cause the Mortgages on each such Material Real Estate Asset acquired by any Loan Party, or which becomes a Material Real Estate Asset, after the Closing Date to be executed, delivered and recorded and in connection therewith
deliver corresponding UCC fixture filings, financing statements and filings in applicable land registry offices (to the extent required), flood hazard determinations and if required, evidence of flood insurance, title insurance policies (including
any customary endorsements thereto), surveys, local counsel opinions and other documentation, in each case, that the Lender shall reasonably require. 

(e) After any Subsidiary ceases to constitute an Excluded Subsidiary in accordance with the definition thereof, Holdings shall
cause such Subsidiary to take all actions required by this Section 5.10 (within the time periods specified herein) as if such Subsidiary were then formed or acquired. 

SECTION 5.11. Conduct of Business. From and after the Closing Date, Holdings and the Subsidiaries, taken as a whole,
shall not fundamentally and substantively alter the character of their business, taken as a whole, from the business conducted by them on the Closing Date and other business activities which are reasonable extensions thereof or incidental, related
or ancillary thereto. 
 SECTION 5.12. Fiscal Year. Holdings shall not change its Fiscal Year-end to a date other than as described in the definition of Fiscal Year; provided that Holdings may, upon written notice to the Lender, change its Fiscal
Year-end to another date, in which case Holdings and the Lender will make any adjustments to this Agreement that are necessary and appropriate to reflect such change in Fiscal Year (which adjustments may
include, among other things, adjustments to financial reporting requirements to account for such changes, including without limitation, the impact on year over year comparison reporting and stub period reporting obligations, in each case subject to
the approval and agreement of the Lender in its reasonable discretion. 

  
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 SECTION 5.13. Post-Closing Matters. The Loan Parties shall satisfy
each of the requirements set forth in Schedule 5.13 on or before the date specified in Schedule 5.13 for each such requirement, or such later date as may be permitted by the Lender with respect thereto. 

SECTION 5.14. Closing Date Covenants. The Loan Parties shall satisfy each of the following requirements on the Closing
Date (except to the extent waived by the Lender in accordance with the terms of this Agreement): 
 (a) Loan
Documents. The Lender (or its counsel) shall have received from each of the Loan Parties party thereto either (i) a counterpart of this Agreement, each Collateral Document described on Schedule 5.14, the Global Intercompany Note, the
Promissory Note and each other Loan Document to be executed on the Closing Date, in each case signed on behalf of such party or (ii) evidence reasonably satisfactory to the Lender (which may include facsimile or
e-mail transmission) that such party has signed a counterpart of the applicable agreements referred to in clause (i) above. 

(b) Legal Opinions. On the Closing Date, the Borrower shall deliver to the Lender a customary written opinion of Simpson
Thacher & Bartlett LLP, New York counsel for Holdings, the Borrower and each other Loan Party in the form of Exhibit D-1, and McGuireWoods LLP, Virginia counsel for Holdings, the Borrower and each
other Loan Party in the form of Exhibit D-2, in each case (A) dated the Closing Date and (B) addressed to the Lender. 

(c) Closing Certificates; Certified Charters; Good Standing Certificates. On the Closing Date, the Lender shall have
received (i) a certificate of each Loan Party, dated the Closing Date and executed by a Responsible Officer of such Loan Party in the form of Exhibit E, and (ii) a certificate of good standing (or equivalent) from the relevant
office of each Loan Party’s jurisdiction of organization (to the extent relevant, customary and available in the jurisdiction of incorporation, formation or organization of each Loan Party) dated on or about the Closing Date. 

(d) Solvency. On the Closing Date, the Lender shall have received a certificate dated as of the Closing Date in
substantially the form of Exhibit F from a Financial Officer of the Borrower certifying as to the matters set forth therein. 

(e) Representations. The representations and warranties in this Agreement (for the avoidance of doubt, as qualified and
limited by the first sentence of Article 3) and the other Loan Documents shall be accurate in all material respects on and as of the Closing Date; provided that any representation and warranty that is qualified as to “materiality,”
“Material Adverse Effect” or similar language shall be true and correct in all respects, as the case may be. 
 (f)
Filings, Registrations and Recordings. Subject to the terms of each applicable Collateral Document, each document (including any UCC financing statement) required by the Collateral Documents to be filed, registered, recorded or delivered in
order to create in favor of the Lender, a perfected Lien on the Collateral described therein, prior and superior in right to any other Person (other than with respect to Permitted Liens), shall be in proper form for filing, registration or
recordation. 

  
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 (g) Pledged Stock, Stock Powers, Pledged Notes and Endorsements. The
Lender shall have received (i) the certificates, if any, representing the Capital Stock constituting Collateral required to be delivered pursuant to the Collateral Documents, together with undated stock powers for each such certificate duly
executed in blank by an authorized officer of each pledgor thereof, or other instruments of transfer contemplated by the Collateral Documents, have been delivered to the Borrower by the Lender and (ii) the Global Intercompany Note and each
other promissory note and other instrument, if any, representing any other Collateral under the Collateral Documents required to be delivered to the Lender pursuant to the terms of the Collateral Documents, duly endorsed in blank by an authorized
officer of each pledgor thereof. 
 (h) USA PATRIOT Act. No later than three Business Days in advance of the Closing
Date, the Lender shall have received a duly executed IRS Form W-9 (or other applicable tax form) and all documentation and other information reasonably requested by them with respect to Holdings or the
Borrower in writing at least 10 Business Days in advance of the Closing Date, which documentation or other information is required by United States regulatory authorities under applicable “know your customer” and anti-money laundering
rules and regulations, including the USA PATRIOT Act. 
 SECTION 5.15. Senior Indebtedness. The Obligations shall at
all times constitute “Senior Indebtedness” (or any comparable term) and “Designated Senior Debt” (or any comparable term) (if applicable) under and as defined in the documentation governing any Junior Debt. 

Notwithstanding anything in this Article 5 to the contrary, Holdings, the Borrower and its Subsidiaries shall not be deemed to have breached or be in
violation of any of the provisions of Sections 5.02, 5.03, 5.04, 5.05, 5.06, 5.07 or 5.08 of this Article 5 solely to the extent such breach or violation directly resulted from or is directly
related to events solely applicable to the Loan Parties and their Subsidiaries (other than Holdings and the Borrower) or actions solely taken by the Loan Parties and their Subsidiaries (other than Holdings and the Borrower), in each case that
occurred prior to the consummation of the Purchase. 
 ARTICLE 6 NEGATIVE COVENANTS 

Until the Termination Date has occurred, each of Holdings and the other Loan Parties covenant and agree with the Lender that: 

SECTION 6.01. Indebtedness. Holdings shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly,
create, incur, assume or otherwise become or remain liable with respect to any Indebtedness, except: 
 (a) the Obligations;

 (b) Indebtedness of Holdings owed to any Subsidiary, the Borrower owed to Holdings or any Subsidiary and of any Subsidiary
owed to Holdings, the Borrower or any other Subsidiary; provided, that in the case of any Indebtedness of a Subsidiary that is not a Loan Party owing to a Loan Party, such Indebtedness (other than any such Indebtedness in connection with
intercompany loans made solely for the purpose to fund cash reserves to the extent required to be maintained by Subsidiaries that are Regulated Entities for the purpose of meeting required reserve requirements pursuant to applicable laws or
regulations) shall at the time of any such incurrence of Indebtedness and after giving pro forma effect thereto and the use of proceeds thereof, not exceed the greater of (i) $15,000,000 and (ii) 15% of Consolidated Adjusted EBITDA for the most
recently ended Test Period; provided, that, all such Indebtedness of any Loan Party owing to any Subsidiary that is not a Loan Party must be expressly subordinated to the Obligations of such Loan Party pursuant to the terms set forth
in the Global Intercompany Note (or such other terms as are acceptable to the Lender); 

  
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 (c) Indebtedness arising from agreements providing for indemnification,
adjustment of purchase price or similar obligations (including contingent earn-out obligations) incurred in connection with the Transactions, any Disposition permitted hereunder, any acquisitions permitted
hereunder, other purchases of assets or Capital Stock or other Investments permitted hereunder, and Indebtedness arising from guaranties, letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments securing the
performance of Holdings or any such Subsidiary pursuant to such agreements; 
 (d) Indebtedness (i) as a result of or
which may be deemed to exist pursuant to any performance and completion guaranties or customs, stay, performance, bid, surety, statutory, appeal, performance and return of money bonds, tenders, statutory obligations, leases, governmental contracts,
trade contracts or other similar obligations (including relating to any litigation being contested in good faith) incurred in the ordinary course of business or (ii) in respect of any letters of credit, bank guaranties, surety bonds,
performance bonds or similar instruments to support any of the foregoing items; 
 (e) Indebtedness in respect of commercial
credit cards, stored value cards, employee credit cards, purchasing cards and treasury management services and other netting services, overdraft protections, check drawing services, automated clearing-house arrangements, employee credit card
programs, automated payment services (including depository, overdraft, controlled disbursement, return items and interstate depository network services) and, cash pooling, and, in each case, including similar arrangements and otherwise in connection
with cash management, including cash management arrangements among Holdings, and its Subsidiaries, and deposit accounts and incentive, supplier finance or similar programs in the ordinary course of business and to the extent such Indebtedness
remains outstanding for no longer than 30 days; 
 (f) (i) Indebtedness in respect of Guarantees of the obligations of
suppliers, customers and licensees in the ordinary course of business and (ii) Indebtedness in respect of any letter of credit, bankers’ acceptance, bank guaranties or similar instrument supporting trade payables, warehouse receipts
or similar facilities entered into in the ordinary course of business; 
 (g) Indebtedness existing, or pursuant to
commitments existing, on the Closing Date and described on Schedule 6.01(g) and any Permitted Refinancing Indebtedness thereof; 

(h) so long as no Specified Event of Default shall have occurred and be continuing at the time of the incurrence thereof,
Indebtedness of Subsidiaries that are not Loan Parties; provided that, at the time of any such incurrence of Indebtedness and after giving pro forma effect thereto and the use of proceeds thereof, the aggregate principal amount of
Indebtedness that is outstanding in reliance on this clause (h) and clause (t) below shall not exceed the greater of (i) $15,000,000 and (ii) 15% of Consolidated Adjusted EBITDA for the most recently ended Test Period; 

(i) Indebtedness consisting of obligations owing under any dealer, customer or supplier incentive, supply, license or similar
agreements entered into in the ordinary course of business; 
 (j) Indebtedness (including with respect to Financing Lease
Obligations and purchase money Indebtedness) financing the acquisition, lease, construction, repair, replacement, improvement or installation of assets or capital expenditures and any Permitted Refinancing Indebtedness incurred to refinance such
Indebtedness; provided that (i) such Indebtedness is incurred prior to or within 270 days of the applicable acquisition or lease or completion of the applicable construction, repair, replacement, improvement or installation or (ii) such
Indebtedness refinances 

  
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debt previously incurred under Section 6.01(j)(i) and any Permitted Refinancing Indebtedness incurred to refinance such Indebtedness; provided, further,
that, at the time of any such incurrence of Indebtedness and after giving pro forma effect thereto and the use of the proceeds thereof, the aggregate principal amount of Indebtedness that is outstanding in reliance on this clause (j) shall not
exceed, except as contemplated by the definition of “Permitted Refinancing Indebtedness,” the greater of (x) $15,000,000 and (y) 15% of Consolidated Adjusted EBITDA for the most recently ended Test Period as of such time; provided,
further, that at the time of any such incurrence of Indebtedness and after giving pro forma effect thereto and the use of the proceeds thereof, the aggregate principal amount of Indebtedness of non-Loan
Parties that is outstanding in reliance on this clause (j) shall not exceed the greater of (x) $5,000,000 and (y) 5% of Consolidated Adjusted EBITDA for the most recently ended Test Period as of such time; 

(k) Indebtedness of a Person that becomes a Subsidiary or Indebtedness assumed in connection with a Permitted Acquisition or
any other Investment permitted hereunder after the Closing Date; provided that after giving pro forma effect (but without giving pro forma effect to any substantially simultaneous incurrence pursuant to clause (A) of
Section 6.01(s)) to any such Permitted Acquisition, the incurrence of any Indebtedness and the use of the proceeds thereof, (i) the Consolidated Total Leverage Ratio (calculated on a Pro Forma Basis) is less than or equal to 7.00:1.00,
(ii) such Indebtedness was not created in contemplation of such Permitted Acquisition and (iii) such Indebtedness is only the obligation of the Person and/or Person’s Subsidiaries that are acquired or that acquired the relevant assets and
such Indebtedness; provided, further, that at the time of any such assumption of Indebtedness and after giving pro forma effect thereto, the aggregate principal amount of Indebtedness of non-Loan
Parties that is outstanding in reliance on this clause (k) shall not exceed the greater of (x) $50,000,000 and (y) 50% of Consolidated Adjusted EBITDA for the most recently ended Test Period as of such time; 

(l) Indebtedness in an aggregate principal amount or face amount at any time outstanding not to exceed $10,000,000 in respect
of letters of credit, bank guaranties, surety bonds, performance bonds and similar instruments issued for general corporate purposes and denominated in currencies other than Dollars; 

(m) Indebtedness of Holdings or any Subsidiary under any Derivative Transaction not entered into for speculative purposes and
otherwise in the ordinary course of business; 
 (n) additional Indebtedness provided that (i) no Event of
Default shall have occurred and be continuing at the time of the incurrence thereof and (ii) at the time of any such incurrence of Indebtedness and after giving pro forma effect thereto and the use of the proceeds thereof, the aggregate
principal amount of Indebtedness that is outstanding in reliance on this clause (n) shall not exceed the greater of (A) $15,000,000 and (B) 15% of Consolidated Adjusted EBITDA for the most recently ended Test Period; provided,
further, that at the time of any such incurrence of Indebtedness and after giving pro forma effect thereto and the use of the proceeds thereof, the aggregate principal amount of Indebtedness of non-Loan
Parties that is outstanding in reliance on this clause (n) shall not exceed the greater of (x) $5,000,000 and (y) 5% of Consolidated Adjusted EBITDA for the most recently ended Test Period as of such time 

(o) Indebtedness incurred in connection with Sale and Lease-Back Transactions permitted pursuant to
Section 6.07; provided that, at the time of any such incurrence of Indebtedness and after giving pro forma effect thereto and the use of the proceeds thereof, the aggregate principal amount of Indebtedness that is
outstanding in reliance on this clause (o) shall not exceed the greater of (A) $10,000,000 and (B) 10% of Consolidated Adjusted EBITDA for the most recently ended Test Period; provided, further, that at the time of any such
incurrence of Indebtedness and after giving pro forma effect thereto and the use of the proceeds thereof, the aggregate principal amount of Indebtedness of non-Loan Parties that is outstanding in reliance on
this clause (o) shall not exceed the greater of (x) $3,500,000 and (y) 3.5% of Consolidated Adjusted EBITDA for the most recently ended Test Period as of such time 

  
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 (p) Indebtedness (including obligations in respect of letters of credit,
bank guarantees, bankers’ acceptances, surety bonds, performance bonds or similar instruments with respect to such Indebtedness) incurred in respect of workers compensation claims, unemployment, property, casualty or liability insurance
(including premiums related thereto) or self-insurance, other reimbursement-type obligations regarding workers compensation claims, other types of social security, pension obligations, vacation pay, or health, disability or other employee benefits,
in each case entered into in the ordinary course of business; 
 (q) customer deposits and advance payments received in the
ordinary course of business from customers for goods and services purchased in the ordinary course of business; 
 (r)
Revolving Facility Indebtedness (including any guarantees in respect thereof and the issuance and creation of letters of credit and bankers’ acceptances thereunder (with letters of credit and bankers’ acceptances being deemed to have a
principal amount equal to the undrawn face amount thereof)) in an aggregate principal amount at any time outstanding not to exceed $75,000,000; 

(s) so long as no Specified Event of Default shall have occurred and be continuing at the time of the incurrence thereof,
(i) Permitted Additional Debt; provided that, in the case of this clause (s), at the time of incurrence thereof and after giving pro forma effect thereto and the use of the proceeds thereof, assuming that all commitments
thereunder were fully drawn, the aggregate principal amount of all such Indebtedness incurred under this clause (s) shall not exceed, as of the date of incurrence of such Indebtedness or commitments, the sum of (A) the greater of
(x) $96,000,000 and (y) 100% of Consolidated Adjusted EBITDA for the most recently ended Test Period as of such time less the aggregate amount of Indebtedness incurred in reliance on this clause (A) prior to the applicable date of
incurrence plus (B) an aggregate amount of Indebtedness, such that, after giving effect to such incurrence on a Pro Forma Basis (and after giving effect to any Subject Transaction to be consummated in connection therewith but without
giving pro forma effect to any substantially simultaneous incurrence pursuant to clause (A) above)) Holdings would be in compliance with a Consolidated Total Leverage Ratio of no greater than 7.00:1.00 and (ii) any Permitted Refinancing
Indebtedness incurred to Refinance such Permitted Additional Debt; provided that without limitation of the requirements set forth in the definition of “Permitted Refinancing Indebtedness,” such Permitted Refinancing Indebtedness
shall be of the type described in clause (i) or clause (ii) of the definition of “Permitted Additional Debt”; 

(t) Indebtedness incurred to finance a Permitted Acquisition (or similar Investment); provided that (i) the aggregate
amount of Indebtedness, measured at the time of incurrence and after giving pro forma effect thereto and the use of the proceeds thereof, of non-Loan Parties under this clause (t), shall not exceed the amount
set forth in clause (h) above, (ii) after giving effect thereto no Event of Default (or in the case of a Limited Condition Transaction, no Specified Event of Default) shall exist or result therefrom, (iii) no portion of such Indebtedness
shall mature prior to the Maturity Date, and (iv) after giving pro forma effect to any such purchase or other acquisition, the incurrence of any Indebtedness and the use of the proceeds thereof, the Consolidated Total Leverage Ratio (calculated
on a Pro Forma Basis) is less than or equal to 7.00:1.00; 

  
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 (u) Guarantee Obligations of Holdings and its Subsidiaries in respect of
Indebtedness of Holdings or any Subsidiary otherwise permitted hereunder (except that a non-Loan Party may not, by virtue of this Section 6.01(u), guarantee Indebtedness that such non-Loan Party could not otherwise incur under this Section 6.01); provided that (i) if the Indebtedness being guaranteed is subordinated in right of payment to the Obligations,
such Guarantee Obligation shall be subordinated in right of payment to the Guarantee of the Obligations on terms at least as favorable to the Lender as those contained in the subordination of such Indebtedness and (ii) no Guarantee by any
Subsidiary of any Indebtedness of a Loan Party shall be permitted unless such Subsidiary shall have also provided a Guarantee of the Obligations; 

(v) Indebtedness consisting of (i) the financing of insurance premiums or (ii) take or pay obligations entered into
in the ordinary course of business; 
 (w) (i) Indebtedness representing deferred compensation to employees, directors,
consultants, contract providers, independent contractors or other service providers of Holdings, the Borrower and the Subsidiaries incurred in the ordinary course of business; and (ii) Indebtedness consisting of obligations of Holdings, the
Borrower or the Subsidiaries under deferred compensation arrangements to their employees, directors, consultants, independent contractors or other service providers; 

(x) Indebtedness arising from agreements of Holdings or any Subsidiary providing for indemnification, adjustment of purchase
price or similar obligations (including earn-outs), in each case entered into in connection with Permitted Acquisitions, other Investments and the Disposition of any business, assets or Capital Stock permitted hereunder, other than Guarantee
Obligations incurred by any Person acquiring all or any portion of such business, assets or Capital Stock for the purpose of financing such acquisition; and 

(y) all premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or contingent
interest on obligations described in clauses (a) through (x) above. 
 For purposes of determining compliance with this
Section 6.01, (x) in the event that an item of Indebtedness meets the criteria of more than one of the categories of Indebtedness described in clauses (a) through (q) and (u) through (y) above (or any sub-category thereof), the Borrower shall, in its sole discretion, classify and reclassify or later divide, classify or reclassify such item of Indebtedness (or any portion thereof) and will only be required to
include the amount and type of such Indebtedness in one or more of the above clauses and (y) (i) amortization of debt discount or the accretion of principal with respect to a non interest bearing or other discount security, (ii) the
payment of regularly scheduled interest in the form of additional Indebtedness of the same instrument or the payment of regularly scheduled dividends on Qualified Capital Stock in the form of additional Qualified Capital Stock of the same class and
with the same terms and (iii) the obligation to pay a premium in respect of Indebtedness arising in connection with the issuance of a notice of prepayment, redemption, repurchase, defeasance, acquisition or similar payment or making of a
mandatory offer to prepay, redeem, repurchase, defease, acquire, or similarly pay such Indebtedness, will not be deemed to be an incurrence of Indebtedness. 

Notwithstanding the foregoing, (x) no Loan Party will create or incur any Indebtedness which is contractually subordinated or ranking junior in right of
payment to any other Indebtedness of the Loan Parties, unless such Indebtedness is also subordinated or ranking junior in right of payment, in the same manner and to the same extent, to the Obligations and (y) other than with respect to such
Indebtedness as is described in Section 6.01(c), (d), (e), (f), (g), (i), (l), (m), (p), (q), (v), (w), (x) or (y), no non-Loan Party will incur Indebtedness except to the extent of Indebtedness expressly permitted by this Section 6.01 to be incurred by non-Loan
Parties or with respect to which there is a cap on the amount of such Indebtedness that can be incurred or assumed, as applicable, by non-Loan Parties. 

  
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 SECTION 6.02. Liens. Holdings shall not, nor shall they permit any of
its Subsidiaries to, create, incur, assume or permit or suffer to exist any Lien on or with respect to any property of any kind owned by it, whether now owned or hereafter acquired, or any income or profits therefrom, except: 

(a) Liens created pursuant to the Loan Documents securing the Obligations; 

(b) Liens for Taxes, assessments or other governmental charges or levies (i) that are not then due or, if due, obligations
with respect to such Taxes that are not at such time required to be paid pursuant to Section 5.03 or (ii) that are being contested in good faith in accordance with Section 5.03; 

(c) statutory Liens (and rights of set-off) of landlords, banks, carriers,
warehousemen, mechanics, repairmen, workmen and materialmen, and other Liens imposed by applicable Requirements of Law (i) for amounts not yet overdue by more than 30 days or (ii) for amounts that are overdue by more than 30 days and that
are being contested in good faith by appropriate proceedings, so long as such reserves or other appropriate provisions, if any, as shall be required by GAAP shall have been made for any such contested amounts; 

(d) Liens incurred or deposits made (i) in the ordinary course of business in connection with workers’ compensation,
unemployment insurance and other types of social security laws and regulations, (ii) in the ordinary course of business, to secure the performance of tenders, statutory obligations, surety, stay, customs and appeal bonds, bids, leases,
government contracts, trade contracts, performance and return-of-money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money),
(iii) pursuant to pledges and deposits of Cash or Cash Equivalents in the ordinary course of business, securing (A) any liability for reimbursement or indemnification obligations of insurance carriers providing property, casualty, liability or
other insurance to Holdings and its subsidiaries or (B) leases or licenses of property otherwise permitted by this Agreement or (iv) to secure obligations in respect of letters of credit, bank guaranties, surety bonds, performance bonds or
similar instruments posted with respect to the items described in clauses (i) through (iii) above; 
 (e)
Liens consisting of survey exceptions, easements, rights-of-way, restrictions, covenants, conditions, declarations, encroachments, zoning restrictions and other defects
or irregularities in title, or environmental deed restrictions, in each case which do not, in the aggregate, materially interfere with the ordinary conduct of the business of Holdings and its Subsidiaries, taken as a whole; 

(f) Liens consisting of any (i) interest or title of a lessor or sub-lessor under
any lease of real estate permitted hereunder, (ii) customary landlord liens permitted by the terms of any lease, (iii) restriction or encumbrance to which the interest or title of such lessor or
sub-lessor may be subject or (iv) subordination of the interest of the lessee or sub-lessee under such lease to any restriction or encumbrance referred to in the
preceding clause (iii); 
 (g) Liens solely on any Cash earnest money deposits made by Holdings or any of its
Subsidiaries in connection with any letter of intent or purchase agreement with respect to any Investment or Disposition permitted hereunder; 

  
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 (h) purported Liens (i) evidenced by the filing of UCC financing
statements relating solely to operating leases or bailee arrangements, (ii) consisting of the prior rights of consignees and their lenders under consignment arrangements, in each case entered into in the ordinary course of business, and
(iii) arising from precautionary UCC filings; 
 (i) Liens in favor of customs and revenue authorities arising as a
matter of law to secure payment of customs duties in connection with the importation of goods; 
 (j) (i) Liens in
connection with any zoning, building, environmental or similar Requirement of Law or right reserved to or vested in any Governmental Authority to control or regulate the use of any or dimensions of real property or the structure thereon, including
Liens in connection with any condemnation, expropriation or eminent domain proceeding or compulsory purchase order and (ii) security given to a public utility or any municipality or governmental authority when required by such utility or
authority in connection with the operations of such Person in the ordinary course of business; 
 (k) Liens existing on the
Closing Date and any modifications, replacements, refinancings, renewals or extensions of the foregoing; provided that any such Lien shall be described on Schedule 6.02; provided, further that (i) no such Lien
extends to any additional property other than (A) after-acquired property that is affixed or incorporated into the property covered by such Lien and (B) proceeds and products thereof, accessions thereto and improvements thereon and
(ii) such modification, replacement, refinancing, renewal or extension of the obligations secured or benefited by such Liens, if constituting Indebtedness, is permitted by Section 6.01; 

(l) Liens arising out of Sale and Lease-Back Transactions permitted under Section 6.07 securing
Indebtedness permitted by Section 6.01(o); 
 (m) Liens securing Indebtedness permitted pursuant to
Section 6.01(j); provided that any such Lien shall encumber only (i) the property financed by such Indebtedness and replacements thereof and accessions and additions to such property and ancillary rights thereto and
the proceeds and the products thereof, improvements thereon and customary security deposits, related contract rights and payment intangibles and other assets related thereto and any cross collateral and (ii) proceeds and products thereof,
accessions thereto and improvements thereon; 
 (n) (i) Liens securing Indebtedness permitted pursuant to
Section 6.01(k) on assets acquired or on the Capital Stock and assets of the relevant newly acquired Subsidiary; provided that such Lien (A) such Lien does not extend to or cover any other assets (other than the
proceeds or products thereof, replacements thereof, accessions or additions thereto and improvements thereon, after-acquired property subject to a Lien securing Indebtedness and other obligations incurred
prior to such time and which Indebtedness and other obligations are permitted hereunder that require or include, pursuant to their terms at such time, a pledge of after-acquired property of such Subsidiary,
and the proceeds and the products thereof and customary security deposits in respect thereof and in the case of multiple financings of equipment provided by any lender, other equipment financed by such lender, it being understood that such
requirement shall not be permitted to apply to any property to which such requirement would not have applied but for such acquisition) and (B) such Lien was not created in contemplation of the applicable acquisition of assets or Capital Stock;

 (o) Liens (i) that are contractual rights of setoff or netting relating to (A) the establishment of depositary
relations with banks not granted in connection with the issuance of Indebtedness, (B) pooled deposit or sweep accounts of Holdings or any Subsidiary to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of
business of Holdings or any Subsidiary, (C) purchase orders and other agreements entered into with customers of Holdings or any Subsidiary in the ordinary course of business, and (D) commodity trading or other brokerage

  
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accounts incurred in the ordinary course of business, (ii) Liens encumbering reasonable customary initial deposits and margin deposits, (iii) bankers Liens and rights and remedies as to
deposit accounts, (iv) on the proceeds of any Indebtedness incurred in connection with any transaction permitted hereunder, which proceeds have been deposited into an escrow account on customary terms to secure such Indebtedness pending the
application of such proceeds to finance such transaction and (v) Liens consisting of an agreement to dispose of any property in a Disposition permitted under Section 6.06, in each case, solely to the extent such
Investment or Disposition, as the case may be, would have been permitted on the date of the creation of such Lien; 
 (p)
Liens on assets of Subsidiaries that are non-Loan Parties (including Capital Stock owned by such Persons) securing Indebtedness of Subsidiaries that are non-Loan Parties
permitted pursuant to Section 6.01(h); 
 (q) Liens securing obligations (other than obligations
representing Indebtedness for borrowed money) under operating, reciprocal easement or similar agreements entered into in the ordinary course of business, of Holdings and its Subsidiaries; 

(r) Liens disclosed in the title insurance policies delivered pursuant to Section 5.10 with respect
to any Mortgaged Property and acceptable to the Lender and any replacement, extension or renewal of any such Lien; provided that no such replacement, extension or renewal Lien shall cover any property other than the property that was subject
to such Lien prior to such replacement, extension or renewal (and additions thereto, improvements thereon and the proceeds thereof); 

(s) so long as no Specified Event of Default shall have occurred and be continuing at the time of the incurrence thereof, Liens
on assets securing Indebtedness or other obligations in an aggregate principal amount at any time outstanding not to exceed the greater of (i) $15,000,000 and (ii) 15% of Consolidated Adjusted EBITDA for the most recently ended Test Period; 

(t) Liens on assets securing judgments, awards, attachments or decrees and notices of lis pendens and associated rights
relating to litigation not constituting an Event of Default under Section 7.01(h); 
 (u) leases,
licenses, subleases of IP Rights or sublicenses granted to others in the ordinary course of business, which do not secure any Indebtedness and as otherwise permitted pursuant to Section 6.06(n); 

(v) Liens securing obligations in respect letters of credit, bank guaranties, surety bonds, performance bonds or similar
instruments permitted under Sections 6.01(c), (d), (f) and (p); 
 (w) Liens
arising (i) out of conditional sale, title retention, consignment or similar arrangements for the sale of any assets or property in the ordinary course of business and permitted by this Agreement or (ii) by operation of law under Article 2
of the UCC (or similar Requirement of Law under any jurisdiction); 
 (x) Liens on insurance policies and the proceeds
thereof securing the financing of the premiums with respect thereto; 
 (y) (i) receipt of progress payments and
advances from customers in the ordinary course of business to the extent the same creates a Lien on the related inventory and proceeds thereof and (ii) Liens on specific items of inventory or other goods and the proceeds thereof securing such
Person’s obligations in respect of commercial letters of credit or banker’s acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or goods; 

  
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 (z) Liens securing Revolving Facility Indebtedness (including any guarantees
in respect thereof and the issuance and creation of letters of credit and bankers’ acceptances thereunder (with letters of credit and bankers’ acceptances being deemed to have a principal amount equal to the undrawn face amount thereof)
and Derivatives Transactions entered into solely to hedge floating interest rate exposure for such Revolving Facility Indebtedness (and not, for the avoidance of any doubt, any speculative or other purpose) secured in connection therewith;
provided that the holders (or a representative thereof on behalf of such holders) and the Lender shall have entered into an Acceptable Intercreditor Agreement; 

(aa) Liens created pursuant to the Permitted Additional Debt Documents securing Permitted Additional Debt Obligations
permitted to be incurred under Section 6.01(s) (provided that such Liens do not extend to any assets that are not Collateral); provided that the applicable Permitted Additional Debt Secured Parties (or a
representative thereof on behalf of such holders) shall have entered into with the Lender an Acceptable Intercreditor Agreement and the Lender shall have executed such Acceptable Intercreditor Agreement; 

(bb) Liens on securities that are the subject of repurchase agreements constituting Cash Equivalents permitted under
Section 6.06; 
 (cc) Liens on Capital Stock in joint ventures; provided that any such Lien
is in favor of a creditor or partner of such joint venture; and 
 (dd) ground leases in respect of Real Estate Assets on
which facilities owned or leased by Holdings or any of its Subsidiaries are located. 
 For purposes of determining compliance with this
Section 6.02, in the event that a Lien meets the criteria of more than one of the categories of Liens described in clauses (a) through (dd) above (or any sub-category thereof),
the Borrower shall, in its sole discretion, classify and reclassify or later divide, classify or reclassify such item of Liens (or any portion thereof) and will only be required to include the amount and type of such Liens in one or more of the
above clauses. 
 SECTION 6.03. Restrictive Agreements. Holdings shall not nor shall it permit any of its Subsidiaries
to enter into any agreement (x) prohibiting the creation or assumption of any Lien upon any of its properties, whether now owned or hereafter acquired, for the benefit of the Lender with respect to the Obligations, or (y) prohibiting or
restricting any Subsidiary’s ability to make or declare dividends or other distributions with respect to its Capital Stock, except with respect to: 

(a) specific property to be sold pursuant to any Disposition permitted by Section 6.06; 

(b) solely in the case of clause (x) of the foregoing, restrictions contained in any agreement with respect to
Indebtedness permitted by Section 6.01 that is secured by a Permitted Lien, but only if such restrictions apply only to the Person or Persons obligated under such Indebtedness and its or their Subsidiaries or the property
or assets securing such Indebtedness; 
 (c) solely in the case of clause (x) of the foregoing, restrictions contained
in the documentation governing Indebtedness permitted by clauses (j), (k) and (o) of Section 6.01; 

  
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 (d) solely in the case of clause (x) of the foregoing, restrictions by
reason of customary provisions restricting assignments, subletting or other transfers (including the granting of any Lien) contained in leases (including customary net worth provisions contained in real property leases entered into by Subsidiaries),
subleases, licenses, sublicenses and other agreements entered into in the ordinary course of business (provided that such restrictions are limited to the relevant leases, subleases, licenses, sublicenses or other agreements and/or the
property or assets secured by such Liens or the property or assets subject to such leases, subleases, licenses, sublicenses or other agreements, as the case may be); 

(e) solely in the case of clause (x) of the foregoing, Permitted Liens and restrictions in the agreements relating thereto
that limit the right of Holdings or any of its Subsidiaries to Dispose of, or encumber the assets subject to such Liens; 

(f) any encumbrance or restriction assumed in connection with an acquisition of property or the Capital Stock of any Person, so
long as such encumbrance or restriction relates solely to the property so acquired (or to the Person or Persons (and its or their subsidiaries) bound thereby) and was not created in connection with or in contemplation of such acquisition; 

(g) solely in the case of clause (x) of the foregoing, restrictions imposed by customary provisions in partnership
agreements, limited liability company organizational governance documents, joint venture agreements and other similar agreements that restrict the transfer of the assets of, or ownership interests in, such partnership, limited liability company,
joint venture or similar Person; 
 (h) restrictions on Cash or other deposits imposed by Persons under contracts entered
into in the ordinary course of business or for whose benefit such Cash or other deposits exist; 
 (i) customary restrictions
and conditions existing on the Closing Date; 
 (j) customary provisions in joint venture agreements and other similar
agreements applicable to joint ventures permitted by Section 6.05 and applicable solely to such joint venture and entered into in the ordinary course of business; 

(k) provisions restricting the granting of a security interest in intellectual property contained in licenses or sublicenses by
Holdings and its Subsidiaries of such intellectual property, which licenses and sublicenses were entered into in the ordinary course of business (in which case such restriction shall relate only to such intellectual property); and 

(l) other restrictions or encumbrances imposed by any amendments, modifications, restatements, renewals, increases,
supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (a) through (k) above; provided that such amendments, modifications, restatements, renewals,
increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Borrower, no more restrictive with respect to such encumbrances and other restrictions, taken as a whole, than those in effect prior to such
amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 
 SECTION 6.04.
Restricted Payments; Certain Payments of Indebtedness. 
 (a) Holdings shall not pay or make, directly or indirectly,
any Restricted Payment, except that: 

  
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 (i) Except with respect to clause (A)(y) below, so long as no Specified
Event of Default shall have occurred and be continuing at the time of the making thereof, Holdings may make Restricted Payments to the extent necessary to permit any Parent Company of Holdings: 

(A) to pay (x) general administrative costs and expenses (including corporate overhead, audit and other accounting and
reporting expenses, administrative, legal or similar expenses and customary wages, salary, bonus and other benefits payable to directors, officers, employees, members of management, consultants and/or independent contractors of any Parent Company)
in an aggregate amount not to exceed $2,500,000 per fiscal year, and (y) franchise fees, franchise Taxes and similar fees, Taxes and expenses required to maintain the organizational existence of such Parent Company and any reasonable and
customary indemnification claims made by directors or officers of Parent Company attributable to the direct or indirect ownership or operations of Holdings and its Subsidiaries, in each case, incurred in the ordinary course of business; 

(B) for any taxable period ending after the Closing Date with respect to which Holdings or any of its subsidiaries is a member
of a consolidated, combined or similar income tax group of which any Parent Company is the common parent (a “Tax Group”), or in which Holdings or the Borrower is disregarded from a direct or indirect parent entity that is a C
corporation for U.S. federal income tax purposes, to pay the portion of any consolidated, combined or similar income Taxes of such Tax Group that is attributable to the taxable income of Holdings and its subsidiaries; provided that for each
taxable period, the amount of such payments made in respect of such period shall not exceed the amount that Holdings and its applicable subsidiaries would have been required to pay as a stand-alone taxpayer or stand-alone Tax Group; 

(C) to finance any Investment permitted to be made pursuant to Section 6.05; provided that
(x) such Restricted Payment shall be made substantially concurrently with the closing of such Investment and (y) Holdings or such Parent Company shall, immediately following the closing thereof, cause all property acquired (whether assets
or Capital Stock) to be held by or contributed to Holdings or another Loan Party or, subject to compliance with Section 6.05(b), any Subsidiary; and 

(D) in an amount equal to withholding or similar taxes payable or expected to be payable by any future, current or former
employee, director, manager, consultant or independent contractor (or any of their respective Immediate Family Members) of any Parent Company of Holdings, any Equityholding Vehicle, the Borrower or any Subsidiary of the Borrower in connection with
the exercise or vesting of Capital Stock or other equity awards or any repurchases, redemptions, acquisitions, retirements or withholdings of Capital Stock in connection with any exercise of Capital Stock or other equity options or warrants or the
vesting of Capital Stock or other equity awards if such Capital Stock represent all or a portion of the exercise price of, or withholding obligation with respect to, such options or, warrants or other Capital Stock or equity awards; provided
that the aggregate amount of Restricted Payments made pursuant to this subclause (D) shall not exceed $2,500,000 in any fiscal year (with any unused amounts permitted to be carried forward to the immediately following fiscal year); 

in each case, so long as such Parent Company promptly applies the amount of any such Restricted Payment for such purpose; 

  
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 (ii) Holdings may pay (or make Restricted Payments to allow any Parent
Company to pay) for the repurchase, redemption, retirement or other acquisition or retirement for value of Capital Stock of any Parent Company or any subsidiary of Holdings held by any future, present or former employee, vendor, director, member of
management, officer, manager or consultant (or any Affiliate thereof) of any Parent Company or any subsidiary of Holdings with Cash and Cash Equivalents in an amount not to exceed the greater of $5,000,000 and 5% of Consolidated Adjusted EBITDA for
the most recently ended Test Period in any Fiscal Year; provided that any unused portion of the preceding basket calculated for any calendar year may be carried forward to the next succeeding calendar year; 

(iii) so long as no Event of Default shall have occurred and be continuing at the time of the declaration thereof, Holdings
may make Restricted Payments in an aggregate amount not to exceed the greater of $5,000,000 and 5.0% of Consolidated Adjusted EBITDA for the most recently ended Test Period; 

(iv) Holdings may make Restricted Payments in accordance with the Revenue Share Agreement (as defined in the Purchase
Agreement); 
 (v) Holdings may make Restricted Payments the proceeds of which shall be used to pay customary salary,
compensation, bonus and other benefits payable to officers, employees, consultants and other service providers of any Parent Company or partner of Holdings to the extent such salaries, compensation, bonuses and other benefits are attributable to the
ownership or operation of Holdings, the Borrower and its Restricted Subsidiaries; provided that the aggregate amount of Restricted Payments made pursuant to this subclause (v) shall not exceed $2,500,000 in any fiscal year (with any
unused amounts permitted to be carried forward to the immediately following fiscal year); 
 (vi) Holdings may pay any
dividend or distribution within 60 days after the date of declaration thereof, if at the date of declaration such payment would have complied with the provisions of this Agreement (it being understood that a distribution pursuant to this
Section 6.04(a)(vi) shall be deemed to have utilized capacity under such other provision of this Agreement); 

(vii) Holdings may make Restricted Payments in an aggregate amount not to exceed an amount equal to the Available Equity
Amount at the time such Restricted Payment is paid; 
 (viii) Holdings may pay Restricted Payments payable solely in its
Qualified Capital Stock; and 
 (ix) Holdings may pay cash in lieu of fractional Qualified Capital Stock in connection with
any dividend, split or combination thereof or any Permitted Acquisition (or other similar permitted Investment). 
 (b) The
Borrower shall not, and Holdings shall not permit any Subsidiary to, pay or make, directly or indirectly, any Restricted Payment, except that: 

(i) any Subsidiary of the Borrower may make Restricted Payments to its direct equity holders (other than Holdings) on a
ratable basis (or greater than ratable basis with respect to equityholders that are the Borrower or a Subsidiary that is a Loan Party); and 

  
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 (ii) the Borrower may make Restricted Payments to Holdings to the extent
necessary to permit Holdings to make Restricted Payments permitted by Section 6.04(a) (or as if such Restricted Payments were to be paid to Holdings instead of a Parent Company); in each case under this clause (ii), so long
as Holdings promptly applies the amount of any such Restricted Payment for such purpose. 
 (c) Holdings shall not, nor shall
it permit any Subsidiary to, make any payment in Cash, securities or other property on or in respect of principal or interest on any Junior Debt, including any sinking fund or similar deposit, on account of the purchase, redemption, retirement,
acquisition, cancellation or termination of any Junior Debt (collectively, “Restricted Debt Payments”), except: 

(i) the purchase, defeasance, redemption, repurchase, repayment or other acquisition or retirement of any Junior Debt made by
exchange for, or out of the proceeds of the substantially concurrent incurrence of, Junior Debt permitted by Section 6.01; 

(ii) payments of regularly scheduled interest and payments of fees, expenses and indemnification obligations as and when due
in respect of any Junior Debt (other than payments prohibited by the subordination provisions thereof (if any)); 
 (iii) to
the extent constituting Junior Debt, payments in respect of earn-outs and purchase price adjustments arising under Investments otherwise expressly permitted under this Agreement; 

(iv) 
 (A)
payments with respect to intercompany Indebtedness between the Borrower and its Subsidiaries permitted under Section 6.01, subject to the payment subordination provisions applicable thereto; 

(B) so long as no Event of Default exists at the time of delivery of notice with respect thereof or would result therefrom, additional
Restricted Debt Payments in an aggregate amount not to exceed the greater of $7,500,000 and 7.5% of Consolidated Adjusted EBITDA for the most recently ended Test Period; and 

(C) Restricted Debt Payments in an aggregate amount not to exceed the Available Equity Amount at the time of such Restricted Debt Payment;

 (v) the conversion thereof to Capital Stock (other than Disqualified Capital Stock) of Holdings; and 

(vi) the refinancing thereof with the Net Proceeds of any Indebtedness that constitutes Junior Debt of the same type as the
Junior Debt being refinanced (to the extent such Indebtedness constitutes Permitted Refinancing Indebtedness). 
 For purposes of determining compliance
with this Section 6.04, in the event that a proposed Restricted Payment (or a portion thereof) or Restricted Debt Payment of a portion thereof, as applicable meets the criteria of clauses (a)(i) through (ix),
(b)(i) or (ii) or (c)(i) through (vi) (or any sub-category thereof) above, as applicable, the Borrower will be entitled to classify or later reclassify (based on
circumstances existing on the date of such reclassification) such Restricted Payment (or portion thereof) among such clauses (a)(i) through (ix), (b)(i) or (ii) or (c)(i) through (vi) (or any sub-category thereof) in a manner that otherwise complies with this Section 6.04. 

  
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 SECTION 6.05. Investments. Holdings shall not, nor shall it permit
any of its Subsidiaries to make or own any Investment in any other Person except: 
 (a) Cash or Investments that were Cash
Equivalents at the time made; 
 (b) Investments (i) by Holdings, the Borrower or any Subsidiary in any Loan Party,
(ii) by any Subsidiary that is not a Loan Party in any other Subsidiary that is also not a Loan Party, (iii) by Holdings or any Subsidiary in any Subsidiary, subject, in the case of this clause (iii) to no Specified Event of Default
having occurred that is continuing at the time of any such Investment (other than any intercompany Investments to fund cash reserves to the extent required to be maintained by Subsidiaries that are Regulated Entities solely for the purpose of
meeting required reserve requirements pursuant to applicable laws or regulations) in any Subsidiary that is not a Loan Party; provided that the aggregate amount of such Investments (other than (x) intercompany Investments,
reorganizations and related activities related to tax planning and reorganization or (y) intercompany Investments to fund cash reserves maintained by Subsidiaries that are Regulated Entities for the purpose of meeting required reserve
requirements pursuant to applicable laws or regulations) made by Loan Parties after the Closing Date in Subsidiaries that are not Loan Parties in reliance on this clause (iii) shall not exceed the sum of (A) the greater of $15,000,000 and
15% of Consolidated Adjusted EBITDA for the most recently ended Test Period and (B) an amount equal to the amount by which any Returns in respect of Investments made in reliance on clause (A) exceeds the amount set forth in clause (A);

 (c) Investments (i) constituting deposits, prepayments, trade credit and/or other credits to suppliers made in the
ordinary course of business, (ii) made in connection with obtaining, maintaining or renewing client and customer contracts made in the ordinary course of business and (iii) in the form of advances made to distributors, suppliers, licensors
and licensees, in each case, in the ordinary course of business, or, in the case of clause (iii), to the extent necessary to maintain the ordinary course of supplies to Holdings or any Subsidiary; 

(d) Permitted Acquisitions; provided that the aggregate amount of consideration paid or provided by Holdings, the
Borrower or any other Loan Party after the Closing Date in reliance on this clause (d) for Permitted Acquisitions (including the aggregate principal amount of all Indebtedness assumed in connection with Permitted Acquisitions) made or
provided by any Loan Party to purchase or acquire any Non-Compliant Subsidiary or Assets and that is allocable to the purchase or acquisition of such Non-Compliant
Subsidiaries or Assets (determined in accordance with GAAP and excluding amounts referred to in the proviso to this sentence), shall not exceed the sum of (A) the greater of $25,000,000 and 25% of Consolidated Adjusted EBITDA for the most
recently ended Test Period at such time and (B) an amount equal to the amount by which any Returns in respect of Investments made in reliance on clause (A) exceeds the amount set forth in clause (A); 

(e) Investments (i) existing on, or contractually committed to as of, the Closing Date; provided, that any such
Investment shall be described on Schedule 6.05 and (ii) any modification, replacement, renewal or extension thereof so long as such modification, renewal or extension thereof does not increase the amount of such
Investment except, in the case of any such Investment described on Schedule 6.05, by the terms thereof as in effect on the Closing Date or as otherwise permitted by this Section 6.05; 

(f) Investments received in lieu of Cash in connection with any Disposition permitted by
Section 6.05; 

  
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 (g) loans or advances to present or former employees, directors, members of
management, officers, managers or consultants, independent contractors or other service providers of any Parent Company, any subsidiaries of Holdings and/or any joint venture to the extent constituting Investments; provided that at the time of any
such Investment and after giving pro forma effect thereto, the aggregate principal amount of Investments made in reliance on this clause (g) shall not exceed the greater of $5,000,000 and 5% of Consolidated Adjusted EBITDA for the most recently
ended Test Period; 
 (h) Investments consisting of extensions of credit in the nature of accounts receivable or notes
receivable arising from the grant of trade credit in the ordinary course of business; 
 (i) Investments in the ordinary
course of business consisting of endorsements for collection or deposit and customary trade arrangements with customers; 

(j) (i) loans and advances of payroll payments or other compensation (including deferred compensation) or moving,
entertainment or travel expenses to present or former employees, directors, members of management, officers, managers or consultants of Holdings, the Borrower or any Subsidiary in the ordinary course of business and (ii) loans and advances to
present or former employees, directors, members of management, officers, managers or consultants of Holdings, the Borrower or any Subsidiary in connection with such Person’s purchase of Capital Stock of Holdings (provided that the amount of
such loans and advances shall be contributed to Holdings in cash as common equity (or any other form of equity reasonably satisfactory to the Lender) or used to satisfy tax obligations relating to proceeds received by such Person in connection with
the Transactions, which proceeds are used for the purchase of such Capital Stock; 
 (k) (i) Investments of any
Subsidiary acquired after the Closing Date, or of any Person acquired by, or merged into or consolidated or amalgamated with, Holdings or any Subsidiary after the Closing Date, in each case pursuant to an Investment otherwise permitted by this
Section 6.05 to the extent that such Investments of such Person were not made in contemplation of or in connection with such acquisition, merger, amalgamation or consolidation and were in existence on the date of such
acquisition, merger, amalgamation or consolidation and (ii) any modification, replacement, renewal or extension of any Investment permitted under clause (i) of this Section 6.05(k) so long as any such
modification, replacement, renewal or extension thereof does not increase the amount of such Investment except as otherwise permitted by this Section 6.05; 

(l) Investments made after the Closing Date by Holdings and/or any of its Subsidiaries provided that at the time of any
such Investment and after giving pro forma effect thereto (i) no Specified Event of Default shall have occurred and be continuing and (ii) the aggregate principal amount of Investments made in reliance on this clause (l) shall not
exceed the sum of (A) greater of $12,500,000 and 12.5% of Consolidated Adjusted EBITDA for the most recently ended Test Period and (B) an amount equal to the amount by which any Returns in respect of Investments made in reliance on clause
(A) exceeds the amount set forth in clause (A); 
 (m) Investments in Similar Businesses provided that at the
time of any such Investment and after giving pro forma effect thereto, the aggregate principal amount of Investments made in reliance on this clause (m) shall not exceed the sum of (A) the greater of $10,000,000 and 10% of
Consolidated Adjusted EBITDA for the most recently ended Test Period and (B) an amount equal to the amount by which any Returns in respect of Investments made in reliance on clause (A) exceeds the amount set forth in clause (A); 

  
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 (n) Investments in joint ventures provided that at the time of any
such Investment and after giving pro forma effect thereto, the aggregate principal amount of Investments made in reliance on this clause (n) shall not exceed the sum of (A) the greater of $10,000,000 and 10% of Consolidated Adjusted
EBITDA for the most recently ended Test Period and (B) an amount equal to the amount by which any Returns in respect of Investments made in reliance on clause (A) exceeds the amount set forth in clause (A); 

(o) (i) Guarantees of leases (other than Financing Lease Obligations) or of other obligations not constituting
Indebtedness and (ii) Guarantees of the lease obligations of suppliers, customers, franchisees and licensees of Holdings and its Subsidiaries, in each case in the ordinary course of business; 

(p) Investments under any Derivative Transactions permitted to be entered into under
Section 6.01; 
 (q) so long as no Specified Event of Default shall have occurred and be continuing
at the time of the making thereof, additional Investments; provided that at the time of such Investment and after giving pro forma effect thereto, the Consolidated Total Leverage Ratio is not greater than 7.00:1.00 as of the last day of the
Test Period most recently ended on or prior to the making of such Investment; 
 (r) Investments made to acquire, purchase,
repurchase or retire Qualified Capital Stock of Holdings or the Borrower owned by any employee equity ownership plan or similar plan of Holdings the Borrower, or any Subsidiary; 

(s) contributions to a “rabbi” trust for the benefit of employees, directors, consultants, independent contractors or
other service providers or other grantor trust subject to claims of creditors in the case of a bankruptcy of Holdings; 
 (t)
Investments made after the Closing Date by Holdings and/or any of its Subsidiaries provided that at the time of any such Investment and after giving pro forma effect thereto, the aggregate principal amount of Investments made in reliance on this
clause (u) shall not exceed the Available Equity Amount at such time; and 
 (u) Investments consisting of Liens,
Indebtedness, fundamental changes, Dispositions, Restricted Payments and Sale and Lease-Back Transactions expressly permitted under Section 6.01, Section 6.02,
Section 6.04 and Section 6.06 (other than Section 6.06(t)) and Section 6.07, respectively; provided, however, that no Investments
may be made solely pursuant to this Section 6.05(u). 
 For purposes of determining compliance with this Section 6.05, in the
event that a proposed Investment (or a portion thereof) meets the criteria of clauses (a) through (u) (other than clause (q)) above and, the Borrower will be entitled to classify or later reclassify (based on circumstances
existing on the date of such reclassification) such Investment (or portion thereof) among such clauses (a) through (u) (other than clause (q)) above in a manner that otherwise complies with this covenant. 

SECTION 6.06. Fundamental Changes; Disposition of Assets. Holdings shall not, nor shall it permit any of its
Subsidiaries to, enter into any transaction of merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or make any Disposition, except: 

  
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 (a) Dispositions (i) between or among Loan Parties, (ii) from
Subsidiaries that are not Loan Parties to Loan Parties, (iii) between or among Subsidiaries that are not Loan Parties and (iv) from Loan Parties to Subsidiaries that are not Loan Parties to the extent such Dispositions would be permitted
as Investments under Section 6.05 (and for the avoidance of doubt, such Dispositions shall use basket capacity under Section 6.05); 

(b) the liquidation or dissolution of any Subsidiary if Holdings determines in good faith that such liquidation or dissolution
(x) is in the best interests of Holdings, (y) is not materially disadvantageous to the Lender and (z) if such liquidating or dissolving Subsidiary is a Loan Party, a Loan Party receives any assets of such dissolved or liquidated
Subsidiary; provided that no dissolution or liquidation of the Borrower shall be permitted hereunder; 
 (c)
(i) Dispositions of inventory, equipment, raw or scrap materials or other assets in the ordinary course of business and (ii) the leasing or subleasing of real property in the ordinary course of business; 

(d) (i) Dispositions of surplus, obsolete, used or worn out property or other property that, as determined in good faith
by Holdings, is (A) no longer useful in its business (or in the business of any of its Subsidiaries) or (B) otherwise economically impracticable to maintain and (ii) any assets acquired in connection with the acquisition of another
Person or a division or line of business of such Person which Holdings reasonably determines in good faith are surplus assets; 

(e) Dispositions of Cash Equivalents or other assets that were Cash Equivalents when the original Investment was made (in each
case, for the Fair Market Value thereof); 
 (f) Sale and Lease-Back Transactions permitted by clause (A) or
(B) of the proviso in Section 6.07; 
 (g) Dispositions for Fair Market Value;
provided that with respect to all such Dispositions (in a single transaction or in a series of related transactions) with a purchase price in an aggregate amount in excess of the greater of $10,000,000 and 10% of Consolidated Adjusted EBITDA
for the most recently ended Test Period, at least 75% of the consideration for such Dispositions in the aggregate for all such Dispositions after the Closing Date shall consist of Cash or Cash Equivalents; provided, further, that, for
purposes of determining what constitutes Cash and Cash Equivalents under this clause (g), (i) any securities received by Holdings or such Subsidiary from such transferee that are converted by Holdings or such Subsidiary into Cash (to the extent of
the cash received) within 180 days following the closing of the applicable Disposition shall be deemed to be Cash and (ii) any Designated Non-Cash Consideration received by Holdings or such Subsidiary in
respect of the applicable Disposition having an aggregate Fair Market Value, taken together with all other Designated Non-Cash Consideration received pursuant to this proviso that is outstanding at the time
such Designated Non-Cash Consideration is received, not in excess of the greater of $10,000,000 and 10% of Consolidated Adjusted EBITDA for the most recently ended Test Period at the time of the receipt of
such Designated Non-Cash Consideration, with the Fair Market Value of each item of Designated Non-Cash Consideration being measured at the time received and without
giving effect to subsequent changes in value, shall be deemed to be Cash; 
 (h) to the extent that (i) the relevant
property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of the relevant Disposition are promptly applied to the purchase price of such replacement property; 

  
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 (i) Dispositions, discounting or forgiveness of accounts receivable in the
ordinary course of business (including to insurers which have provided insurance as to the collection thereof) or in connection with the collection or compromise thereof (including sales to factors); 

(j) Dispositions and/or terminations of leases, subleases, licenses or sublicenses (including the provision of software under
an open source license), which (i) do not materially interfere with the business of Holdings and its Subsidiaries (taken as a whole) or (ii) relate to closed facilities or the discontinuation of any product or service line; 

(k) (i) termination of leases in the ordinary course of business, (ii) the expiration of any option agreement in
respect of real or personal property and (iii) any surrender or waiver of contractual rights or the settlement, release or surrender of contractual rights or other litigation claims (including in tort) in the ordinary course of business; 

(l) Dispositions of property subject to casualty, foreclosure, eminent domain, expropriation or condemnation proceedings
(including in lieu thereof or any similar proceeding); 
 (m) other Dispositions after the Closing Date in an aggregate
amount of not more than the greater of $7,500,000 and 7.5% of Consolidated Adjusted EBITDA for the most recently ended Test Period in any Fiscal Year, which, if not used in such Fiscal Year, shall be carried forward to the immediately succeeding
Fiscal Year; provided that no Event of Default shall have occurred and be continuing on the date on which the definitive agreement governing the relevant Disposition is executed; 

(n) (i) Dispositions, licensing, sublicensing and cross-licensing arrangements involving any technology, intellectual
property or IP Rights of Holdings or any Subsidiary in the ordinary course of business; provided, that any such lease, license or sublease of IP Rights shall be (x) granted on a non-exclusive basis
and (y) limited in time, and (ii) the Disposition, abandonment, cancellation or lapse of any technology, intellectual property or IP Rights, or any issuances or registrations, or applications for issuances or registrations, of any
intellectual property or IP Rights, which, in the reasonable good faith determination of Holdings are not material to the conduct of the business of Holdings and/or its Subsidiaries, or are no longer economical to maintain in light of its use; 

(o) Dispositions in connection with the termination or unwinding of Derivative Transactions entered into in the ordinary course
of business and not for speculative purposes; 
 (p) any merger, amalgamation, consolidation, Disposition or conveyance the
sole purpose and effect of which is to reincorporate or reorganize (i) any Subsidiary organized in a state within the United States in another state within the United States or (ii) any other Subsidiary in the United States or any other
jurisdiction; 
 (q) Dispositions of assets that do not constitute Collateral having an aggregate Fair Market Value of up to
the greater of $5,000,000 and 5% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period; provided that no Event of Default shall have occurred and be continuing on the date on which the definitive agreement
governing the relevant Disposition is executed; 

  
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 (r) (x) any Subsidiary may merge, amalgamate or consolidate with
(i) the Borrower or Holdings (including a merger, the purpose of which is to reorganize the Borrower or Holdings into a new jurisdiction) and the Borrower or Holdings may merge amalgamate or consolidate with any such Subsidiary; provided
that the Borrower or Holdings, as applicable, shall be the continuing or surviving Person and such merger does not result in the Borrower or Holdings, as applicable, ceasing to be a corporation, partnership or limited liability company organized
under the laws of the United States, any state thereof or the District of Columbia, (ii) one or more other Subsidiaries other than the Borrower; provided that when any Person that is a Loan Party is merging with such Subsidiary, a Loan
Party shall be the continuing or surviving Person or (iii) any other Person; provided that the continuing or surviving Person shall be a Subsidiary and if any Person that is a Loan Party is merging with such Person, a Loan Party shall be
the continuing or surviving Person and (y) the Borrower or Holdings may merge amalgamate or consolidate with any other Person; provided that the Borrower or Holdings, as applicable, shall be the continuing or surviving Person and such
merger does not result in the Borrower or Holdings, as applicable, ceasing to be a corporation, partnership or limited liability company organized under the laws of the United States, any state thereof or the District of Columbia; 

(s) any Subsidiary that is not a Loan Party may merge, amalgamate or consolidate with or into any other Subsidiary that is not
a Loan Party; 
 (t) Dispositions permitted by Section 6.04 and
Section 6.05 (other than Section 6.05(r)), and Liens permitted by Section 6.02; and 

(u) Dispositions of Investments in joint ventures to the extent required by, or made pursuant to customary buy/sell
arrangements between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements. 
 Notwithstanding anything to the
contrary contained in this Agreement, Holdings and the Borrower shall not, nor shall they permit any of their respective Subsidiaries to, make any Disposition of, or any Investment in the form of, intellectual property or IP Rights which, in the
reasonable good faith determination of the Borrower are material to the conduct of the business of Holdings, the Borrower and its Subsidiaries (taken as a whole) to any Subsidiary that is not a Loan Party, nor shall the Borrower designate any
Subsidiary as an Excluded Subsidiary at any time when such Subsidiary owns intellectual property or IP Rights which, in the reasonable good faith determination of the Borrower are material to the conduct of the business of Holdings, the Borrower and
its Subsidiaries (taken as a whole). 
 SECTION 6.07. Sales and Lease-Backs. Holdings shall not, nor shall it permit any of its
Subsidiaries to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal or mixed), whether now owned or hereafter acquired, which Holdings or such
Subsidiary (a) has sold or transferred or is to sell or to transfer to any other Person (other than Holdings or any of its Subsidiaries) and (b) intends to use for substantially the same purpose as the property which has been or is to be
sold or transferred by Holdings or Subsidiary to any Person (other than Holdings or any of its Subsidiaries) in connection with such lease (such a transaction described herein, a “Sale and Lease-Back Transaction”); provided
that any Sale and Lease-Back Transaction shall be permitted so long as such Sale and Lease-Back Transaction is either (A) permitted by Section 6.01(j) (or which otherwise constitutes a Financing Lease Obligation or
purchase money Indebtedness permitted by Section 6.01), (B) described on Schedule 6.07 hereto or (C) permitted by Section 6.06(f). 

SECTION 6.08. Transactions with Affiliates. Holdings shall not, nor shall it permit any of its Subsidiaries to, enter into any
transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) involving, pursuant to any such transaction, payments in excess of the greater of $5,000,000 and 5% of Consolidated Adjusted EBITDA for the
most recently 

  
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ended Test Period in any Fiscal Year with any of their Affiliates on terms (taken as a whole) that are less favorable to Holdings or such Subsidiary in any material respect, as the case may be
(as determined in good faith by the Borrower), than those that might be obtained at the time in a comparable arm’s-length transaction from a Person who is not an Affiliate; provided that the
foregoing restriction shall not apply to: 
 (a) transactions in existence on the Closing Date and described on
Schedule 6.08 and any amendment, modification or extension thereto to the extent such amendment, modification or extension, taken as a whole, is not (i) adverse to the Lender in any material respect or (ii) more
disadvantageous to the Lender in any material respect than the relevant transaction in existence on the Closing Date in any material respect; 

(b) the Transactions, including the payment of Transaction Costs; 

(c) Guarantees permitted by Section 6.01; 

(d) (i) any purchase by Holdings of the Capital Stock of (or contribution to the equity capital of) the Borrower and
(ii) the making of any intercompany loan by Holdings to the Borrower or any Subsidiary, in each case of clause (i) or (ii) above, to the extent expressly permitted under this Agreement; 

(e) any issuance, sale or grant of securities or other payments, awards or grants in Cash, securities or otherwise pursuant to
compensation arrangements for employees and officers in the ordinary course of business, or the funding of employment arrangements, stock options and stock ownership or other incentive plans for employees and officers in the ordinary course of
business and, in each case, approved by a majority of the members of the board of directors (or similar governing body) or a majority of the disinterested members of the board of directors (or similar governing body) of Holdings in good faith; 

(f) (i) transactions between or among Holdings, the Borrower or any Loan Party and (ii) transactions between or among
Subsidiaries of the Borrower that are not Loan Parties; 
 (g) transactions between or among Holdings, the Borrower or any
Subsidiary or any entity that becomes a Subsidiary as a result of such transaction consisting of (i) the non-exclusive licensing of intellectual property to any Subsidiary that is not a Loan Party;
provided that any such license is either on terms and conditions substantially as favorable to the licensor as those that would prevail at such time in comparable arm’s length transactions with unrelated third parties or such licensee
compensates the licensor on a reasonable basis in consideration for such license, (ii) intercompany transactions, including the (A) provision of management services and other corporate overhead services, (B) provision of personnel to
other locations within Holdings’ consolidated group on a temporary basis and (C) provision, purchase or lease of services, operational support, assets, equipment, data, information and technology, that, in the case of any such intercompany
transaction referred to in this clause (ii), are subject to reasonable reimbursement or cost-sharing arrangements (as determined in good faith by the Borrower), which reimbursement or cost-sharing arrangements may be effected through transfers of
cash or other assets or through book-entry credits or debits made on the ledgers of each involved Subsidiary; provided that any such intercompany transaction is either (1) entered into in the ordinary course of business or (2) otherwise
entered into pursuant to the reasonable requirements of the business of the Borrower and the Subsidiaries and (iii) ordinary course business transactions (other than transactions of the type described in clause (ii) above) that (A) do
not involve the sale, transfer or other Disposition of operations or assets and (B) do not materially and adversely affect the Lender, and 

  
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 (h) Restricted Payments expressly permitted under
Section 6.04 and Investments expressly permitted by Section 6.05. 

SECTION 6.09. Amendments or Waivers of Organizational Documents . Holdings shall not, nor shall it permit any of its
Subsidiaries to, amend or modify, in each case in a manner that is adverse to the Lender (in its capacity as such) such Person’s Organizational Documents without obtaining the prior written consent of the Lender. 

SECTION 6.10. Amendments of or Waivers with Respect to Junior Debt. Holdings shall not, nor shall it permit any of its
Subsidiaries to, amend or otherwise modify (a) the terms of any Junior Debt (or the documentation governing the foregoing) if the effect of such amendment or modification, together with all other amendments or modifications made, is adverse to
the interests of the Lender (in its capacity as such) or (b) the terms of any Junior Debt (or the documentation governing the foregoing) in violation of any Acceptable Intercreditor Agreement governing such Junior Debt. 

SECTION 6.11. Permitted Activities of Holdings. Holdings shall not: 

(a) directly or indirectly, create, incur, assume or otherwise become or remain liable with respect to any Indebtedness, except
(i) the Indebtedness under the Loan Documents, (ii) Guarantees of Indebtedness of the Borrower and its Subsidiaries permitted hereunder, (iii) any Indebtedness (other than Indebtedness for borrowed money (including notes, bonds,
debentures and similar instruments)) arising in connection with any Permitted Acquisition or other Investment permitted under this Agreement or any Disposition permitted by this Agreement, (iv) any Indebtedness owing to the Borrower or any
Subsidiary to the extent resulting from an Investment permitted by Section 6.05 and (v) any Indebtedness (other than Indebtedness for borrowed money (including notes, bonds, debentures and similar instruments)) of the
type permitted by Section 6.01(b), (c), (d), (e) or (f); 
 (b) create
or suffer to exist any Lien upon any property or assets now owned or hereafter acquired by it other than (i) the Liens created under the Collateral Documents to which it is a party, (ii) Permitted Liens on the Collateral that are secured
on a pari passu or junior basis with the Obligations, so long as such Permitted Liens secure Guarantees permitted under clause (a)(ii) above and the underlying Indebtedness subject to such Guarantee is permitted to be secured on the
same basis pursuant to Section 6.02, provided that any such Liens shall be subject to an Acceptable Intercreditor Agreement, and (iii) Liens of the type permitted under Section 6.02
(other than in respect of Indebtedness for borrowed money); or 
 (c) consolidate or amalgamate with, or merge with or into,
any Person or convey, sell, transfer or otherwise dispose of all or substantially all of its assets to another Person. 
 ARTICLE 7 EVENTS OF
DEFAULT 
 SECTION 7.01. Events of Default. If any of the following events (each, an “Event of
Default”) shall occur: 
 (a) Failure To Make Payments When Due. Failure by the Borrower to pay
(i) when due any installment of principal of the Loan, whether at stated maturity, by acceleration, by mandatory prepayment, pursuant to Section 2.02, Section 2.03 or
Section 2.04 or otherwise or (ii) any interest on the Loan or any fee or any other amount due hereunder within three Business Days after the date due; or 

  
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 (b) Default in Other Agreements. (i) Failure of any Loan Party
or any of its Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of any Revolving Facility Indebtedness or one or more items of Indebtedness (other than Indebtedness referred to in clause
(a) above) with an aggregate outstanding principal amount exceeding the Threshold Amount, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Loan Party or any of its Subsidiaries with
respect to any other term of (A) one or more items of Indebtedness with an aggregate outstanding principal amount exceeding the Threshold Amount, (B) any Revolving Facility Indebtedness or (C) any loan agreement, mortgage, indenture
or other agreement relating to such item(s) of Indebtedness exceeding the Threshold Amount, in each case beyond the grace period, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of
such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause, such Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as
the case may be; provided that clause (ii) of this clause (b) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property securing such Indebtedness if such
sale or transfer is permitted hereunder; provided further that a breach of any financial maintenance covenant under the documentation governing any such Indebtedness will not constitute a Default or Event of Default until the date on which
the holders of such Indebtedness have accelerated the loans, elected to otherwise exercise remedies or terminated commitments in respect thereof; or 

(c) Breach of Certain Covenants. Failure of the Borrower or any other Loan Party, as required by the relevant provision,
to perform or comply with any term or condition contained in Section 2.03, Section 2.04, Section 5.02, Section 5.14 (except as provided below) or
Article 6; or 
 (d) Breach of Representations, Etc. Any representation, warranty or certification made or
deemed made by any Loan Party in any Loan Document or in any certificate or document required to be delivered in connection herewith or therewith shall be untrue in any material respect as of the date made or deemed made, and such incorrect
representation or warranty (if curable, including by a restatement of any relevant financial statements) shall remain incorrect for a period of 30 days of the occurrence thereof; or 

(e) Other Defaults under Loan Documents. Any Loan Party shall default in the performance of or compliance with any term
contained herein or any of the other Loan Documents, other than any such term referred to in any other Section of this Article 7, and such default shall not have been remedied or waived within 30 days of the occurrence thereof (except that,
with respect to any default as a result of the failure to deliver any document required to delivered to the Lender pursuant to Section 5.14(c) (other than with respect to the deliverables to be provided under such
Section 5.14(c) by Holdings and the Borrower) or Section 5.14(g) (other than with respect to the deliverables to be provided under such Section 5.14(g) with respect to the
Borrower), such default shall not have been remedied or waived within three Business Days of the Closing Date); or 
 (f)
Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of Holdings, the Borrower or any of its Subsidiaries (other than any Immaterial
Subsidiary or any Subsidiary that could at such time, upon designation by Holdings, become an Immaterial Subsidiary) in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency, corporate or similar law now
or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal, provincial, territorial or state law; or (ii) an involuntary case shall be commenced against Holdings, the
Borrower or any of its Subsidiaries (other than any Immaterial Subsidiary or any Subsidiary that could at such time, upon designation by Holdings, become an     

  
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Immaterial Subsidiary) under the Bankruptcy Code or under any other applicable bankruptcy, insolvency, corporate or similar law now or hereafter in effect; or a decree or order of a court having
jurisdiction in the premises for the appointment of a receiver, receiver and manager, liquidator, sequestrator, monitor, trustee, custodian or other officer having similar powers over Holdings, the Borrower or any of its Subsidiaries (other than any
Immaterial Subsidiary or any Subsidiary that could at such time, upon designation by Holdings, become an Immaterial Subsidiary), or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary
appointment of an interim receiver, receiver and manager, trustee or other custodian of Holdings, the Borrower or any of its Subsidiaries (other than any Immaterial Subsidiary or any Subsidiary that could at such time, upon designation by Holdings,
become an Immaterial Subsidiary) for all or a substantial part of its property; and any such event described in this clause (ii) shall continue for 60 consecutive days without having been dismissed, vacated, bonded or discharged; or 

(g) Voluntary Bankruptcy; Appointment of Receiver, Etc. (i) Holdings, the Borrower or any of their Subsidiaries
(other than any Immaterial Subsidiary or any Subsidiary that could at such time, upon designation by Holdings, become an Immaterial Subsidiary) shall have an order for relief entered with respect to it or shall commence a voluntary case under the
Bankruptcy Code or under any other applicable bankruptcy, insolvency, corporate or similar law now or hereafter in effect, or shall consent to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a
voluntary case, under any such law, or shall consent to the appointment of or taking possession by a receiver, receiver and manager, monitor, trustee, liquidator, custodian or other similar official in respect of it or for all or a substantial part
of its property; or (ii) Holdings, the Borrower or any of their Subsidiaries (other than any Immaterial Subsidiary or any Subsidiary that could at such time, upon designation by Holdings, become an Immaterial Subsidiary) shall make a general
assignment for the benefit of creditors; or (iii) Holdings, the Borrower or any of their Subsidiaries (other than any Immaterial Subsidiary or any Subsidiary that could at such time, upon designation by Holdings, become an Immaterial
Subsidiary)shall admit in writing its inability to pay its debts as such debts become due; or 
 (h) Judgments and
Attachments. Any one or more final money judgments, writs or warrants of attachment or similar process involving in the aggregate at any time an amount in excess of the Threshold Amount (in either case to the extent not adequately covered by
insurance or indemnitees (including, if applicable, self-insurance) as to which a third party insurance company or indemnitor has been notified and not denied coverage) shall be entered or filed against Holdings, the Borrower or any of their
Subsidiaries or any of their respective assets and shall remain unpaid, undischarged, unvacated, unbonded or unstayed pending appeal for a period of 60 days or more; or 

(i) Employee Benefit Plans. There shall occur one or more ERISA Events, which individually or in the aggregate results
in liability of Holdings or any of its Subsidiaries in an aggregate amount which would reasonably be expected to result in a Material Adverse Effect; or 

(j) Change of Control. Unless waived in writing by the Lender in its sole discretion, a Change of Control shall occur;
or 
 (k) Guaranties, Collateral Documents and Other Loan Documents. At any time after the execution and delivery
thereof, (i) any material Loan Guaranty for any reason, other than the occurrence of the Termination Date, shall cease to be in full force and effect (other than in accordance with its terms) or shall be declared to be null and void or any Loan
Guarantor shall repudiate in writing its obligations thereunder (other than as a result of the discharge of such Loan Guarantor in accordance with the terms thereof), (ii) this Agreement or any Collateral Document ceases to be in full force and
effect or shall be declared null and void or any significant part of the Liens purported     

  
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to be created under any Collateral Document ceases to be perfected security interests (other than by reason of (A) a release of Collateral in accordance with the terms hereof or thereof,
(B) the occurrence of the Termination Date or any other termination of such Collateral Document in accordance with the terms thereof, (C) as a result of the sale or other disposition of the applicable Collateral to a Person that is not a
Loan Party in a transaction permitted under the Loan Documents, (D) to the extent that such losses are covered by a lender’s title insurance policy and such insurer has not denied coverage) or (E) solely as a result of acts or
omissions by the Lender, (iii) any Loan Party shall contest in writing, the validity or enforceability of any provision of any Loan Document (or any Lien purported to be created by the Collateral Documents or any Loan Guaranty) or deny in
writing that it has any further liability (other than by reason of the occurrence of the Termination Date) or (iv) the Obligations shall cease to constitute senior indebtedness under the subordination provisions of any documents or instruments
evidencing any permitted Junior Debt or such subordination provision shall be invalidated or otherwise cease, for any reason, to be valid, binding and enforceable obligations of the parties thereto; 

then, and in every such event (other than an event with respect to the Borrower described in clause (f) or (g) of this Article), and at any
time thereafter during the continuance of such event, the Lender may, by notice to the Borrower, take any of the following actions, at the same or different times: declare the portion of the Loan then outstanding to be due and payable in whole (or
in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loan so declared to be due and payable, together with accrued interest thereon and all
fees and other Obligations of the Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; provided that upon the
occurrence of an event with respect to the Borrower described in clause (f) or (g) of this Article, the principal of the portion of the Loan then outstanding, together with accrued interest thereon and all fees and other Obligations of the
Borrower accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower, in each case without further action of the Lender. Upon the
occurrence and during the continuance of an Event of Default, the Lender may exercise any rights and remedies provided to the Lender under the Loan Documents or at law or equity, including all remedies provided under the UCC. 

If the Obligations are accelerated for any reason prior to the Call Protection Termination Date, including, without limitation, because of default, sale,
transfer or encumbrance (including that by operation of law or otherwise), the Applicable Premium on the Loan will also be due and payable and shall constitute part of the Obligations, in view of the impracticability and extreme difficulty of
ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of the Lender’s lost profits as a result thereof. Any Applicable Premium on the Loan payable above shall be presumed to be the liquidated damages
sustained by the Lender as the result of the early termination and the Borrower agrees that it is reasonable under the circumstances currently existing. The Applicable Premium on the Loan shall also be payable in the event the Obligations (and/or
this Agreement or any Notes evidencing the Obligations) are satisfied or released by foreclosure (whether by power of judicial proceeding), deed in lieu of foreclosure or by any other means. THE BORROWER EXPRESSLY WAIVES THE PROVISIONS OF ANY
PRESENT OR FUTURE STATUTE OR LAW WHICH PROHIBITS OR MAY PROHIBIT THE COLLECTION OF THE FOREGOING APPLICABLE PREMIUM ON THE LOAN IN CONNECTION WITH ANY SUCH ACCELERATION. The Borrower expressly agrees that: (A) the Applicable Premium on the Loan
provided for herein is reasonable and is the product of an arm’s length transaction between sophisticated business people, ably represented by counsel; (B) the Applicable Premium on the Loan shall be payable notwithstanding the then
prevailing market rates at the time payment is made; (C) there has been a course of conduct between the Lender and Borrower giving specific consideration in this transaction for such agreement to pay the Applicable Premium on the Loan; and
(D) the Borrower shall be estopped hereafter from claiming differently than as agreed to in this paragraph. The Borrower expressly acknowledges that its agreement to pay the Applicable Premium on the Loan to the Lender as herein described is a
material inducement to Lender to extend the Loan and to enter into the Transactions. 

  
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 ARTICLE 8 MISCELLANEOUS 

SECTION 8.01. Notices. 

(a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to
clause (b) below), all notices and other communications provided for herein shall be in writing. Any notice or other communication required to be delivered in writing may be delivered by hand or overnight courier service, mailed by
certified or registered mail or sent by facsimile or email (including as a “.pdf” or “.tif” attachment), as follows: 

(i) if to any Loan Party, to Holdings and the Borrower at: 

Lakehouse Buyer Inc. 
 c/o Apax
Partners US, LLC 
 601 Lexington Avenue 

53rd Floor 
 New York, NY 10022

 Attention: Ashish Karandikar; Nedu Ottih 

Telephone: (212) 419-2495 

Email: Ashish.Karandikar@apax.com; Nedu.Ottih@apax.com 

with copies to (which shall not constitute notice): 

Simpson Thacher & Bartlett LLP 

425 Lexington Ave. 
 New York,
NY 10017 
 Attention: Brian Steinhardt 

Email: bsteinhardt@stblaw.com 

(ii) if to the Lender, at: 

American Water Enterprises, LLC 

1 Water Street 
 Camden, NJ
08102 
 Attention: Jordan Mersky 

Telephone: (856) 955-4535 

Email: jordan.mersky@amwater.com 

With a copy to (in each case, which shall not constitute notice for any purpose hereunder or under any other Loan Document): 

Shearman & Sterling LLP 

599 Lexington Avenue 
 New York,
New York 10022 
 Attn: Scott Petepiece 

  
 77 

 
Fax: (646) 848-8576 
 Email:
spetepiece@shearman.com 
 and to 

Shearman & Sterling LLP 

599 Lexington Avenue 
 New York,
New York 10022 
 Attn: Gus Atiyah 

Fax: (646) 848-5227 

Email: gus.atiyah@shearman.com 

and to 
 Schulte,
Roth & Zabel LLP 
 919 Third Avenue 

New York, NY 10022 
 Attn: Brian
C. Miner 
 Telephone: (212) 756-2010 

Email: brian.miner@srz.com 
 All such notices
and other communications (A) sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when delivered in person or by courier service and signed for against receipt thereof or three
Business Days after dispatch if sent by certified or registered mail, in each case, delivered, sent or mailed (properly addressed) to such party as provided in this Section 8.01 or in accordance with the latest unrevoked
direction from such party given in accordance with this Section 8.01, (B) sent by facsimile shall be deemed to have been given when sent and when receipt has been confirmed by telephone; provided that received
notices and other communications sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, such notices or other communications shall be deemed to have been given at the
opening of business on the next Business Day for the recipient) or (C) sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient
(such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement); provided that if not given during the normal business hours of the
recipient, such notice or communication shall be deemed to have been given at the opening of business on the next Business Day for the recipient. 

(b) Notices and other communications to the Lender hereunder may be delivered or furnished by electronic communications
(including e-mail) pursuant to procedures set forth herein or otherwise approved by the Lender. 

(c) Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice to the
other parties hereto. 
 (d) The Lender, its Affiliates and Related Parties shall not be liable to any Person for any damages
arising from the use by any Person (other than the Lender or its Affiliates or Related Parties) of information or other materials obtained through electronic, telecommunications or other information transmission systems, in each case, except to the
extent any such damages arise from the gross negligence, bad faith or willful misconduct of, or material breach of the Loan Documents by, the Lender or any of its Affiliates or Related Parties, in each case as determined by a final non-appealable judgment of a court of competent jurisdiction. 

  
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 SECTION 8.02. Waivers; Amendments. 

(a) No failure or delay by the Lender in exercising any right or power hereunder or under any other Loan Document shall operate
as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other
right or power. The rights and remedies of the Lender hereunder and under any other Loan Document are cumulative and are not exclusive of any rights or remedies that it would otherwise have. No waiver of any provision of any Loan Document or consent
to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by clause (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the
purpose for which given. 
 (b) Except as expressly provided herein or in any Loan Document, neither this Agreement nor any
other Loan Document nor any provision hereof or thereof may be waived, amended or modified, except (i) in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by Holdings, the Borrower and the Lender or
(ii) in the case of any other Loan Document (other than any waiver, amendment or modification to effectuate any modification thereto expressly contemplated by the terms of such other Loan Documents), pursuant to an agreement or agreements in
writing entered into by the Lender and the Loan Party or Loan Parties that are parties thereto. 
 SECTION 8.03.
Expenses; Indemnity; Damage Waiver. 
 (a) The Borrower shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Lender and its Affiliates (but limited, in the case of legal fees and expenses, to the actual reasonable and documented out-of-pocket fees, disbursements and other charges of one firm of outside counsel to all such Persons taken as a whole and, if reasonably necessary, of one local counsel in
any relevant jurisdiction to such Persons, taken as a whole) in connection with the preparation, execution, delivery and administration of any Loan Documents and related documentation (but for the avoidance of doubt, only such expenses that are
incurred after the Closing Date), including in connection with any amendments, modifications or waivers of the provisions of any Loan Documents (whether or not the transactions contemplated thereby shall be consummated) and (ii) all reasonable
and documented out-of-pocket expenses incurred by the Lender and each of its Affiliates (but limited, in the case of legal fees and expenses, to the actual reasonable
and documented out-of-pocket fees, disbursements and other charges of one firm of outside counsel to all such Persons taken as a whole and, if reasonably necessary, of
one local counsel in any relevant jurisdiction to such Persons, taken as a whole and, solely in the case of an actual or reasonably perceived conflict of interest and to the extent notice thereof is provided to the Borrower, one additional counsel
to all affected Persons taken as a whole and one additional local counsel in each relevant jurisdiction to all affected Persons taken as a whole) in connection with the enforcement, collection or protection of its rights in connection with the Loan
Documents, including its rights under this Section, or in connection with the Loan made hereunder. Other than to the extent required to be paid on the Closing Date, all amounts due under this clause (a) shall be payable by the Borrower
within 30 days of receipt of an invoice relating thereto, setting forth such expenses in reasonable detail and together with reasonable backup documentation supporting such reimbursement requests. 

  
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 (b) The Borrower shall indemnify the Lender and each of its Related Parties,
and their respective successors and assigns (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (but limited, in the
case of legal fees and expenses, to the actual reasonable and documented out-of- pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, solely in the case of an
actual or reasonably perceived conflict of interest, one additional counsel to all affected Indemnitees, taken as a whole, and, if reasonably necessary, one local counsel in any relevant jurisdiction to all Indemnitees, taken as a whole and, solely
in the case of an actual or reasonably perceived conflict of interest, one additional local counsel to all affected Indemnitees, taken as a whole), incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of
any action, claim, litigation, investigation or proceeding (including any inquiry or investigation of the foregoing) (any of the foregoing, a “Proceeding”) relating to (i) the execution or delivery of the Loan Documents or any
agreement or instrument contemplated thereby, the performance by the parties hereto of their respective obligations thereunder or the consummation of any transactions contemplated hereby or thereby (except for any Taxes (which shall be governed by
Section 2.06), other than any Taxes that represent losses, claims or damages arising from any non-Tax claim) or (ii) any actual or alleged presence or Release or threat of
Release of Hazardous Materials on, at, to or from any Mortgaged Property or other property currently or formerly owned or operated by any Loan Party or any Subsidiary, or any Environmental Liability; provided that such indemnity shall not, as
to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and non-appealable judgment to have
resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any Affiliate or Related Party of such Indemnitee or (y) a material breach of the obligations of such Indemnitee any Affiliate or Related Party
under the terms of this Agreement or any other Loan Document by such Indemnitee or any of its Affiliates or Related Parties as determined in a final and non-appealable decision of a court of competent
jurisdiction. Each Indemnitee shall be obligated to refund or return any and all amounts paid by the Borrower pursuant to this Section 8.03(b) to such Indemnitee for any fees, expenses, or damages to the extent such
Indemnitee is not entitled to payment of such amounts in accordance with the terms hereof. All amounts due under this clause (b) shall be payable by the Borrower within 30 days (x) after written demand thereof, in the case of any
indemnification obligations and (y) in the case of reimbursement of costs and expenses, after receipt of an invoice relating thereto, setting forth such expenses in reasonable detail and together with reasonable backup documentation supporting
such reimbursement requests. 
 SECTION 8.04. Waiver of Claim. Notwithstanding anything to the contrary set forth
herein, to the extent permitted by applicable law, no party to this Agreement shall assert, and each hereby waives, any claim against any other party hereto or any Related Party thereof, 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 or any agreement or instrument contemplated hereby, the Loan or the use of the proceeds thereof, except,
in the case of a claim by any Indemnitee against the Borrower or any other Loan Party, to the extent such damages would otherwise be subject to indemnification pursuant to the terms of Section 8.03. 

SECTION 8.05. Successors and Assigns. 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, except that (a) none of the Borrower, Holdings or any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without
the prior written consent of the Lender, which consent may be given or withheld in the Lender’s sole discretion (and any attempted assignment or transfer by the Borrower or Holdings without such consent shall be null and void) and (b) the
Lender may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Borrower, which consent may be given or withheld in the Borrower’s sole discretion (and any attempted assignment or
transfer by the Lender without such consent shall be null and void); provided that, notwithstanding the foregoing, upon the occurrence and during the continuance of a Specified Event of Default, the Lender may assign or transfer its rights or
obligations 

  
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hereunder without the consent of the Borrower to any Person other than any Person that is a Disqualified Lender (for the avoidance of doubt, any assignee or transferee shall be subject to the
restrictions on assignment and transfer set forth in this Section 8.05 that are applicable to the Lender in all respects). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties
hereto, their respective successors, assigns and participants permitted hereby), any legal or equitable right, remedy or claim under or by reason of this Agreement. 

SECTION 8.06. Survival. All covenants, agreements, representations and warranties made by the Loan Parties in the Loan
Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and
delivery of the Loan Documents and the making of the Loan, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Lender may have had notice or knowledge of any Default or Event of Default or
incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect until the Termination Date. The provisions of Sections 2.06, 8.03 and 8.13 shall survive and
remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loan, the occurrence of the Termination Date or the termination of this Agreement or any provision hereof but in each case,
subject to the limitations set forth in this Agreement. 
 SECTION 8.07. Counterparts; Integration; Effectiveness.
This Agreement may be manually or electronically executed in counterparts (and by different parties hereto on different counterparts (including by facsimile or electronic transmission (including .pdf file, .jpeg file, Adobe Sign, or DocuSign))),
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents and any separate letter agreements with respect to fees payable to the Lender constitute
the entire agreement among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. This Agreement shall become effective when it
shall have been executed by Holdings, the Borrower, the other Subsidiaries of Holdings party hereto and the Lender and when the Lender shall have received counterparts hereof which, when taken together, bear the signatures of each of the other
parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or by
email as a “.pdf” or “.tif” attachment shall be effective as delivery of a manually executed counterpart of this Agreement. 

SECTION 8.08. Severability. To the extent permitted by law, any provision of any Loan Document held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions
thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

SECTION 8.09. Right of Setoff; Obligations Absolute. 

(a) If an Event of Default shall have occurred and be continuing, each of the Lender and its Affiliates is hereby authorized at
any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by the Lender or
any Affiliate thereof to or for the credit or the account of the Borrower or any Loan Guarantor against any of and all the Obligations then due and owing held by the Lender or such Affiliate, irrespective of whether or not 

  
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the Lender or such Affiliate shall have made any demand under the Loan Documents. The Lender or any applicable Affiliate shall promptly notify the Borrower of such
set-off or application; provided that any failure to give or any delay in giving such notice shall not affect the validity of any such set-off or application
under this Section. The rights of the Lender and each Affiliate under this Section are in addition to other rights and remedies (including other rights of setoff) which the Lender or such Affiliate may have. 

(b) Each Loan Party acknowledges and agrees that its obligations under this Agreement and the other Loan Documents are
irrevocable and absolute and will not be subject to netting, set-off or reduction against, or be otherwise affected by, any action or alleged claim by any Loan Party or any of its Affiliates pursuant to, or
any actual or alleged breach by the Lender or any of its Affiliates of, or any actual or alleged invalidity or other defect of, any of (i) the Purchase Agreement, (ii) any other Purchase Document or (iii) any other agreement or
arrangement. 
 SECTION 8.10. Governing Law; Jurisdiction; Consent to Service of Process.  

(a) THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) AND ANY CLAIM,
CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN THE OTHER LOAN DOCUMENTS), WHETHER IN TORT, CONTRACT (AT LAW OR IN EQUITY) OR OTHERWISE, SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 (b) EACH PARTY HERETO HEREBY IRREVOCABLY
AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF ANY U.S. FEDERAL OR NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK (OR ANY APPELLATE COURT THEREFROM) OVER ANY SUIT, IN ANY
ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING SHALL (EXCEPT AS PERMITTED BELOW) BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT PERMITTED
BY LAW, FEDERAL COURT. THE PARTIES HERETO AGREE THAT SERVICE OF ANY PROCESS, SUMMONS, NOTICE OR DOCUMENT BY REGISTERED MAIL ADDRESSED TO SUCH PERSON SHALL BE EFFECTIVE SERVICE OF PROCESS AGAINST SUCH PERSON FOR ANY SUIT, ACTION OR PROCEEDING BROUGHT
IN ANY SUCH COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. EACH PARTY HERETO AGREES THAT THE
LENDER RETAINS THE RIGHT TO BRING PROCEEDINGS AGAINST ANY LOAN PARTY IN THE COURTS OF ANY OTHER JURISDICTION SOLELY IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER ANY COLLATERAL DOCUMENT. 

(c) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT IT MAY LEGALLY AND EFFECTIVELY DO
SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN CLAUSE (b) OF THIS SECTION.
EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY CLAIM OR DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION, SUIT OR PROCEEDING IN ANY SUCH COURT. 

  
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 (d) TO THE EXTENT PERMITTED BY LAW, EACH PARTY TO THIS AGREEMENT HEREBY
IRREVOCABLY WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS UPON IT AND AGREES THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE BY REGISTERED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL) DIRECTED TO IT AT ITS ADDRESS FOR NOTICES AS PROVIDED FOR IN
SECTION 8.01. EACH PARTY TO THIS AGREEMENT HEREBY WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER OR UNDER ANY
LOAN DOCUMENT THAT SERVICE OF PROCESS WAS INVALID AND INEFFECTIVE. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

SECTION 8.11. Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY SUIT, ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY) DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN
DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY HERETO (a) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (b) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 8.12. Headings. Article and Section headings and the table of contents used herein are for convenience of
reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

SECTION 8.13. Confidentiality. 

(a) The Lender agrees to maintain the confidentiality of the Confidential Information (as defined below), except that Confidential Information
may be disclosed (i) to its and its Affiliates’ directors (or equivalent managers), officers, employees, independent auditors, or other agents, experts and advisors, including accountants, legal counsel, ratings agencies and other advisors
(collectively, the “Representatives”) on a “need to know” basis solely in connection with the transactions completed hereby and who are informed of the confidential nature of such Confidential Information and are or have
been advised of their obligation to keep such Confidential Information of this type confidential; provided that the Lender shall be responsible for its Affiliates’ and their Representatives’ compliance with this paragraph,
(ii) upon the demand or request of any regulatory (including any self-regulatory body) or governmental authority purporting to have jurisdiction over such Person or its Affiliates (in which case such Person shall, except with respect to any
audit or examination conducted by bank accountants or any regulatory (including any self-regulatory body) or governmental authority exercising examination or regulatory authority, to the extent practicable and permitted by law, inform the Borrower
promptly in advance thereof, (iii) to the extent compelled by legal process in, or reasonably necessary to, the defense of such legal, judicial or administrative 

  
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proceeding, in any legal, judicial or administrative proceeding or otherwise as required by applicable Requirements of Law, rule or regulation (in which case such Person shall (A) except
with respect to any audit or examination conducted by bank accountants or any regulatory (including any self-regulatory body) or governmental authority exercising examination or regulatory authority, to the extent practicable and permitted by law,
inform the Borrower promptly in advance thereof and (B) use commercially reasonable efforts to ensure that any such information so disclosed is accorded confidential treatment), (iv) in connection with (x) the exercise of any remedy or the
enforcement of any right under this Agreement or any other Loan Document in any litigation or arbitration action or proceeding relating thereto, to the extent such disclosure is reasonably necessary in connection with such litigation or arbitration
action or proceeding (provided that the Borrower shall be given notice thereof and a reasonable opportunity to seek a protective court order with respect to such Information prior to such disclosure (it being understood that the refusal by a
court to grant such a protective order shall not prevent the disclosure of such Information thereafter)) and (y) any foreclosure, sale or other disposition of any Collateral in connection with the exercise of remedies under the Collateral
Documents, subject to each potential transferee of such Collateral having entered into customary confidentiality undertakings with respect to such Collateral prior to the disclosure thereof to such Person (which confidentiality obligations will
cease to apply to any transferee upon the consummation of its acquisition of such Collateral), (v) subject to an acknowledgment and agreement by such recipient that such information is being disseminated on a confidential basis (on
substantially the terms set forth in this paragraph or as is otherwise reasonably acceptable to Holdings), to any assignee of or participant in any of its rights or obligations under this Agreement, (vi) with the prior written consent of the
Borrower, (vii) in connection with the Lender’s (or its applicable Affiliate’s) public filings to the extent required by applicable Requirements of Law or determined by the Lender in good faith to be required to comply with
Requirements of Law and (viii) to the extent such Confidential Information (A) becomes publicly available other than as a result of a breach of this Section by such Person, its Affiliates or their respective Representatives or
(B) becomes available to the Lender on a non-confidential basis other than as a result of a breach of this Section from a source other than a Loan Party that is not to such disclosing Person’s
knowledge, after reasonable investigation, subject to confidentiality, fiduciary or other legal obligations to Holdings, the Borrower, the Sponsor or any of their respective Affiliates. For the purposes of this Section, “Confidential
Information” means all information relating to the Loan Parties and/or any of their subsidiaries and their respective businesses, the Sponsor or the Transactions (including any information obtained by the Lender or any of its Affiliates or
Representatives, based on a review of the books and records relating to Holdings and/or any of its subsidiaries and their respective Affiliates from time to time, including prior to the date hereof). 

SECTION 8.14. No Fiduciary Duty. The Lender and its Affiliates (collectively, solely for purposes of this paragraph, the
“Lenders”), may have economic interests that conflict with those of the Loan Parties, their stockholders and/or their respective Affiliates. Each Loan Party agrees that nothing in the Loan Documents or otherwise will be deemed to
create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between the Lender, on the one hand, and any Loan Party, its respective stockholders or its respective Affiliates, on the other. The Loan Parties acknowledge and
agree that: (i) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the
Lenders, on the one hand, and each Loan Party, on the other, and (ii) in connection therewith and with the process leading thereto, (x) the Lender has not assumed an advisory or fiduciary responsibility in favor of any Loan Party, its
respective stockholders or its respective Affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto or any other obligation to any Loan Party except
the obligations expressly set forth in the Loan Documents and (y) the Lender is acting solely as principal and not as the agent or fiduciary of such Loan Party, its respective management, stockholders, creditors or any

  
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other Person. Each Loan Party acknowledges and agrees that such Loan Party has consulted its own legal and financial advisors to the extent it deemed appropriate and that it is responsible for
making its own independent judgment with respect to such transactions and the process leading thereto. Each Loan Party agrees that it will not claim that the Lender (solely in its capacity as such) owes a fiduciary or similar duty to such Loan Party
in connection with such transaction or the process leading thereto. 
 SECTION 8.15. USA PATRIOT Act. The Lender that
is subject to the requirements of the USA PATRIOT Act hereby notifies the Loan Parties that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies the Borrower and each Loan
Guarantor, which information includes the name and address of each Loan Party and other information that will allow such Lender to identify the Loan Parties in accordance with the USA PATRIOT Act. This notice is given in accordance with the
requirements of the USA PATRIOT Act and is effective as to the Lender. 
 SECTION 8.16. Conflicts. Notwithstanding
anything to the contrary contained herein, (a) in the event of any conflict or inconsistency between this Agreement and any other Loan Document, the terms of this Agreement shall govern and control and (b) in the event of any conflict or
inconsistency between any then in effect Acceptable Intercreditor Agreement and any Loan Document, the terms of such Acceptable Intercreditor Agreement (except as otherwise expressly set forth therein with respect to any other Acceptable
Intercreditor Agreement) shall govern and control. 
 ARTICLE 9 LOAN GUARANTY 

SECTION 9.01. Guaranty. Each Loan Guarantor hereby agrees that it is jointly and severally liable for, and, as primary
obligor and not merely as surety, and absolutely and unconditionally and irrevocably guarantees to the Lender the full and prompt payment upon the failure of the Borrower to do so, when and as the same shall become due, whether at stated maturity,
upon acceleration or otherwise, and at all times thereafter, of the Obligations; provided that it is understood and agreed that each Loan Guarantor also guarantees the Obligations of each other Loan Guarantor (all of the Obligations set forth
in this sentence are collectively referred to as the “Guaranteed Obligations”). Each Loan Guarantor further agrees that the Guaranteed Obligations may be extended or renewed in whole or in part without notice to or further assent
from it, and that it remains bound upon its guarantee notwithstanding any such extension or renewal. If any or all of the Guaranteed Obligations becomes due and payable hereunder, each Loan Guarantor, unconditionally and irrevocably, promises to pay
such Guaranteed Obligations to the Lender, on demand, together with any and all expenses which may be incurred by the Lender in collecting any of the Guaranteed Obligations, to the extent reimbursable in accordance with
Section 8.03. Each Loan Guarantor unconditionally and irrevocably guarantees the payment of any and all of the Guaranteed Obligations to the Lender whether or not due or payable by the Borrower upon the occurrence of any
Event of Default specified in Sections 7.01(f) or 7.01(g), and in such event, irrevocably and unconditionally promises to pay such indebtedness to the Lender, on demand, in Dollars. 

SECTION 9.02. Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan
Guarantor waives any right to require the Lender to sue the Borrower, any other Loan Guarantor, any other guarantor, or any other Person obligated for all or any part of the Guaranteed Obligations (each, an “Obligated Party”), or
otherwise to enforce its rights in respect of any Collateral securing all or any part of the Guaranteed Obligations. The Lender may immediately enforce this Loan Guaranty upon the occurrence and during the continuance of an Event of Default. 

  
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 SECTION 9.03. No Discharge or Diminishment of Loan Guaranty. 

(a) Except as otherwise provided for herein, the obligations of each Loan Guarantor hereunder are unconditional, irrevocable
and absolute and not subject to any reduction, limitation, impairment or termination for any reason (other than as expressly set forth in Section 9.12), including: (i) any claim of waiver, release, extension, renewal,
settlement, surrender, alteration, or compromise of any of the Guaranteed Obligations, by operation of law or otherwise; (ii) any change in the corporate existence, structure or ownership of the Borrower or any other guarantor of or other
Person liable for any of the Guaranteed Obligations; (iii) any insolvency, bankruptcy, reorganization or other similar proceeding affecting any Obligated Party, or their assets or any resulting release or discharge of any obligation of any
Obligated Party; (iv) the existence of any claim, setoff or other rights which any Loan Guarantor may have at any time against any Obligated Party, the Lender or any other Person, whether in connection herewith or in any unrelated transactions;
(v) any direction as to application of payments by the Borrower or by any other party; (vi) any other continuing or other guaranty, undertaking or maximum liability of a guarantor or of any other party as to the Guaranteed Obligations;
(vii) any payment on or in reduction of any such other guaranty or undertaking; (viii) any dissolution, termination or increase, decrease or change in personnel by the Borrower or (ix) any payment made to the Lender on the Guaranteed
Obligations which the Lender repays to the Borrower pursuant to court order in any bankruptcy, reorganization, arrangement, moratorium or other debtor relief proceeding, and each Loan Guarantor waives any right to the deferral or modification of its
obligations hereunder by reason of any such proceeding. 
 (b) Except for termination of a Loan Guarantor’s obligations
hereunder or as expressly permitted by Section 9.12, the obligations of each Loan Guarantor hereunder are not subject to any defense or setoff, counterclaim, recoupment, or termination whatsoever by reason of the
invalidity, illegality, or unenforceability of any of the Guaranteed Obligations or otherwise, or any provision of applicable law or regulation purporting to prohibit payment by any Obligated Party, of the Guaranteed Obligations or any part thereof.

 (c) Further, the obligations of any Loan Guarantor hereunder are not discharged or impaired or otherwise affected by:
(i) the failure of the Lender to assert any claim or demand or to enforce any remedy with respect to all or any part of the Guaranteed Obligations; (ii) any waiver or modification of or supplement to any provision of any agreement relating
to the Guaranteed Obligations; (iii) any release, non-perfection, or invalidity of any indirect or direct security for the obligations of the Borrower for all or any part of the Guaranteed Obligations or
any obligations of any other guarantor of or other Person liable for any of the Guaranteed Obligations; (iv) any action or failure to act by the Lender with respect to any Collateral securing any part of the Guaranteed Obligations; or
(v) any default, failure or delay, willful or otherwise, in the payment or performance of any of the Guaranteed Obligations, or any other circumstance, act, omission or delay that might in any manner or to any extent vary the risk of such Loan
Guarantor or that would otherwise operate as a discharge of any Loan Guarantor as a matter of law or equity (other than as set forth in Section 9.12). 

SECTION 9.04. Defenses Waived. To the fullest extent permitted by applicable Requirements of Law, and except for
termination of a Loan Guarantor’s obligations hereunder or as expressly permitted by Section 9.12, each Loan Guarantor hereby waives any defense based on or arising out of any defense of the Borrower or any other Loan
Guarantor or arising out of the disability of the Borrower or any other Loan Guarantor or any other party or the unenforceability of all or any part of the Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of
the liability of the Borrower or any other Loan Guarantor. Without limiting the generality of the foregoing, each Loan Guarantor irrevocably waives acceptance hereof, presentment, demand, protest 

  
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and, to the fullest extent permitted by Requirements of Law, any notice not provided for herein, including notices of nonperformance, notices of protest, notices of dishonor, notices of
acceptance of this Loan Guaranty, and notices of the existence, creation or incurring of new or additional Guaranteed Obligations, as well as any requirement that at any time any action be taken by any Person against any Obligated Party, or any
other Person, including any right (except as shall be required by applicable statute and cannot be waived) to require the Lender to (i) proceed against the Borrower, any other guarantor or any other party, (ii) proceed against or exhaust
any security held from the Borrower, any other Loan Guarantor or any other party or (iii) pursue any other remedy in the Lender’s power whatsoever. The Lender may, at its election, foreclose on any Collateral held by it by one or more
judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable (to the extent permitted by applicable Requirements of Law), accept an assignment of any such Collateral in lieu of foreclosure or otherwise act
or fail to act with respect to any Collateral securing all or a part of the Guaranteed Obligations, and the Lender may, at its election, compromise or adjust any part of the Guaranteed Obligations, make any other accommodation with any Obligated
Party or exercise any other right or remedy available to it against any Obligated Party, or any security, without affecting or impairing in any way the liability of such Loan Guarantor under this Loan Guaranty except as otherwise provided in
Section 9.12. To the fullest extent permitted by applicable Requirements of Law, each Loan Guarantor waives any defense arising out of any such election even though that election may operate, pursuant to applicable
Requirements of Law, to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any Loan Guarantor against any Obligated Party or any security. 

SECTION 9.05. Authorization. The Loan Guarantors authorize the Lender without notice or demand (except as shall be
required by applicable statute and cannot be waived), and without affecting or impairing its liability hereunder (except as set forth in Section 9.12), from time to time to: 

(a) change the manner, place or terms of payment of, and/or change or extend the time of payment of, renew, increase,
accelerate or alter, any of the Guaranteed Obligations (including any increase or decrease in the principal amount thereof or the rate of interest or fees thereon), any security therefor, or any liability incurred directly or indirectly in respect
thereof, and this Loan Guaranty shall apply to the Guaranteed Obligations as so changed, extended, renewed or altered; 
 (b)
take and hold security for the payment of the Guaranteed Obligations and sell, exchange, release, impair, surrender, realize upon or otherwise deal with in any manner and in any order any property by whomsoever at any time pledged or mortgaged to
secure, or howsoever securing, the Guaranteed Obligations or any liabilities (including any of those hereunder) incurred directly or indirectly in respect thereof or hereof, and/or any offset there against; 

(c) exercise or refrain from exercising any rights against any of the Borrower, any other Loan Party or others or otherwise act
or refrain from acting; 
 (d) release or substitute any one or more endorsers, guarantors, the Borrower, other Loan Parties
or other obligors; 
 (e) settle or compromise any of the Guaranteed Obligations, any security therefor or any liability
(including any of those hereunder) incurred directly or indirectly in respect thereof or hereof, and may subordinate the payment of all or any part thereof to the payment of any liability (whether due or not) of the Borrower to their creditors other
than the Lender; 

  
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 (f) apply any sums by whomsoever paid or howsoever realized to any liability
or liabilities of the Borrower to the Lender regardless of what liability or liabilities of the Borrower remains unpaid; 

(g) consent to or waive any breach of, or any act, omission or default under, this Agreement, any other Loan Document or any of
the instruments or agreements referred to herein or therein, or otherwise amend, modify or supplement this Agreement, any other Loan Document, or any of such other instruments or agreements; and/or 

(h) take any other action which would, under otherwise applicable principles of common law, give rise to a legal or equitable
discharge of the Loan Guarantors from their respective liabilities under this Loan Guaranty. 
 SECTION 9.06. Rights of
Subrogation. No Loan Guarantor will assert any right, claim or cause of action, including a claim of subrogation, contribution or indemnification that it has against any Loan Party in respect of this Loan Guaranty until the occurrence of the
Termination Date. 
 SECTION 9.07. Reinstatement; Stay of Acceleration. If at any time any payment of any portion of
the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty with respect to that
payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, all such
amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Lender. 

SECTION 9.08. Information. Each Loan Guarantor assumes all responsibility for being and keeping itself informed of the
Borrower’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that each Loan Guarantor assumes and incurs under this
Loan Guaranty, and agrees that the Lender shall not have any duty to advise any Loan Guarantor of information known to it regarding those circumstances or risks. 

SECTION 9.09. Maximum Liability. It is the desire and intent of the Loan Guarantors and the Lender that this Loan
Guaranty shall be enforced against the Loan Guarantors to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. The provisions of this Loan Guaranty are severable, and in any
action or proceeding involving any state or provincial or territorial corporate law, or any state, province, territory, Federal or foreign bankruptcy, insolvency, reorganization or other law affecting the rights of creditors generally, if the
obligations of any Loan Guarantor under this Loan Guaranty would otherwise be held or determined to be avoidable, invalid or unenforceable on account of the amount of such Loan Guarantor’s liability under this Loan Guaranty, then,
notwithstanding any other provision of this Loan Guaranty to the contrary, the amount of such liability shall, without any further action by the Loan Guarantors or the Lender, be automatically limited and reduced to the highest amount that is valid
and enforceable as determined in such action or proceeding (such highest amount determined hereunder being the relevant Loan Guarantor’s “Maximum Liability”). Each Loan Guarantor agrees that the Guaranteed Obligations may at
any time and from time to time exceed the Maximum Liability of each Loan Guarantor without impairing this Loan Guaranty or affecting the rights and remedies of the Lender hereunder; provided that nothing in this sentence shall be construed to
increase any Loan Guarantor’s obligations hereunder beyond its Maximum Liability. Notwithstanding anything to the contrary 

  
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herein, American Water Resources of Florida, LLC, a Delaware limited liability company, and Pivotal Home Solutions, LLC, a Delaware limited liability company, shall at all times comply with
applicable minimum net asset requirements pursuant to Chapter 634, Florida Statutes, and such assets required to satisfy applicable minimum net asset requirements shall be regarded in the same manner as Excluded Assets and may in no event be applied
towards the satisfaction of American Water Resources of Florida LLC’s and Pivotal Home Solutions LLC’s obligations hereunder. 

SECTION 9.10. Contribution. In the event any Loan Guarantor (a “Paying Guarantor”) shall make any
payment or payments under this Loan Guaranty or shall suffer any loss as a result of any realization upon any Collateral granted by it to secure its obligations under this Loan Guaranty, each other Loan Guarantor (each a “Non-Paying Guarantor”) shall contribute to such Paying Guarantor an amount equal to such Non-Paying Guarantor’s “Guarantor Percentage” of such payment
or payments made, or losses suffered, by such Paying Guarantor. For purposes of this Article 9, each Non-Paying Guarantor’s “Guarantor Percentage” with respect to any such payment
or loss by a Paying Guarantor shall be determined as of the date on which such payment or loss was made by reference to the ratio of (a) such Non- Paying Guarantor’s Maximum Liability as of such date
(without giving effect to any right to receive, or obligation to make, any contribution hereunder) or, if such Non-Paying Guarantor’s Maximum Liability has not been determined, the aggregate amount of all
monies received by such Non-Paying Guarantor from the Borrower after the Closing Date (whether by loan, capital infusion or by other means) to (b) the aggregate Maximum Liability of all Loan Guarantors
hereunder (including such Paying Guarantor) as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder), or to the extent that a Maximum Liability has not been determined for any Loan Guarantor,
the aggregate amount of all monies received by such Loan Guarantors from the Borrower after the Closing Date (whether by loan, capital infusion or by other means). Nothing in this provision shall affect any Loan Guarantor’s several liability
for the entire amount of the Guaranteed Obligations (up to such Loan Guarantor’s Maximum Liability). Each of the Loan Guarantors covenants and agrees that its right to receive any contribution under this Loan Guaranty from a Non-Paying Guarantor shall be subordinate and junior in right of payment to the Obligations until the Termination Date. This provision is for the benefit of the Lender and may be enforced by the Lender in accordance
with the terms hereof. 
 SECTION 9.11. Liability Cumulative. The liability of each Loan Guarantor under this
Article 9 is in addition to and shall be cumulative with all liabilities of such Loan Guarantor to the Lender under this Agreement and the other Loan Documents to which such Loan Guarantor is a party or in respect of any obligations or
liabilities of the other Loan Guarantors, without any limitation as to amount, unless the instrument or agreement evidencing or creating such other liability specifically provides to the contrary. 

SECTION 9.12. Release of Loan Guarantors. Upon the consummation of any transaction or related series of transactions
expressly permitted hereunder (as certified in writing by the Borrower to the Lender at least two Business Days prior to the consummation of such transactions) if as a result thereof such Subsidiary Guarantor shall cease to be a Subsidiary (or
becomes an Excluded Subsidiary), the applicable Subsidiary Guarantor shall be automatically released from its obligations hereunder and its Loan Guaranty (provided that no Subsidiary Guarantor which becomes an Excluded Subsidiary solely as a
result of ceasing to be a Wholly-Owned Subsidiary after the Closing Date, shall be released from its obligations hereunder and its Loan Guaranty if there is no bona fide business purpose for the transaction pursuant to which such Subsidiary
Guarantor becomes an Excluded Subsidiary which would result in such release. In connection with any such release, the Lender shall promptly execute and deliver to any Loan Guarantor, at such Loan Guarantor’s expense, all documents that such
Loan Guarantor shall reasonably request to evidence termination or release. Any execution and delivery of 

  
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documents pursuant to the preceding sentence of this Section 9.12 shall be without recourse to or warranty by the Lender (other than as to the Lender’s authority to
execute and deliver such documents). 
 [Signature pages follow] 

  
 90 

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

			
	LAKEHOUSE BIDCO INC., as Holdings
		
	by	 	 /s/ Eric J. Palm

		 	Name: Eric J. Palm
		 	Title: President

  

			
	LAKEHOUSE BUYER INC., as the Borrower
		
	by	 	 /s/ Eric J. Palm

		 	Name: Eric J. Palm
		 	Title: President

  

			
	AMERICAN WATER RESOURCES, LLC, as a Subsidiary Guarantor
		
	by:	 	 /s/ Eric J. Palm

		 	Name: Eric J. Palm
		 	Title: President

  

			
	PIVOTAL HOME SOLUTIONS, LLC, as a Subsidiary Guarantor
		
	by:	 	 /s/ Eric J. Palm

		 	Name: Eric J. Palm
		 	Title: President

  

			
	 AMERICAN WATER RESOURCES HOLDINGS, LLC, as a Subsidiary Guarantor

		
	by:	 	 /s/ Eric J. Palm

		 	Name: Eric J. Palm
		 	Title: President

  

			
	 AMERICAN WATER RESOURCES OF TEXAS, LLC, as a Subsidiary Guarantor

		
	by:	 	 /s/ Eric J. Palm

		 	Name: Eric J. Palm
		 	Title: President

 [Signature Page to Secured Seller Note Agreement] 

 
			
	AMERICAN WATER ENTERPRISES, LLC, as the Lender
		
	by	 	 /s/ David Bowler

		 	Name: David Bowler
		 	Title: Assistant Comptroller

 [Signature Page to Secured Seller Note Agreement] 

 LIST OF EXHIBITS AND SCHEDULES OMITTED FROM FILING 

The following schedules and exhibits to the attached Secured Seller Note Agreement have been omitted from Exhibit 10.1 pursuant to Item 601(a)(5) of
Regulation S-K. The Company will furnish the omitted schedules and exhibits to the U.S. Securities and Exchange Commission upon request. 

SCHEDULES 
  

			
	Schedule 1.01(a)	  	Consolidated Adjusted EBITDA
	Schedule 1.01(b)	  	Disqualified Lenders
	Schedule 1.01(c)	  	Mortgaged Properties
	Schedule 3.13	  	Capitalization and Subsidiaries
	Schedule 5.13	  	Post-Closing Items
	Schedule 5.14	  	Closing Date Collateral Documents
	Schedule 6.01(g)	  	Existing Indebtedness
	Schedule 6.02	  	Existing Liens
	Schedule 6.05	  	Existing Investments
	Schedule 6.07	  	Sale and Lease-Back Transactions
	Schedule 6.08	  	Transactions with Affiliates
	
	 EXHIBITS

		
	Exhibit A	  	Form of Compliance Certificate
	Exhibit B	  	Form of Joinder Agreement
	Exhibit C	  	Form of Promissory Note
	Exhibit D-1	  	Form of Legal Opinion of Simpson Thacher & Bartlett LLP
	Exhibit D-2	  	Form of Legal Opinion of Virginia Counsel
	Exhibit E	  	Form of Secretary’s Certificate
	Exhibit F	  	Form of Solvency Certificate
	Exhibit G	  	Form of Global Intercompany Note
	Exhibit H	  	Form of Pledge and Security Agreement

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