Document:

EX-10.23

 Exhibit 10.23 

 
  

 
 THIRD AMENDED AND RESTATED
CREDIT AGREEMENT 
 DATED AS OF August 3, 2012 

AMONG 

ROADRUNNER TRANSPORTATION SYSTEMS, INC., 
 U.S. BANK NATIONAL ASSOCIATION 
 as Administrative Agent, Swing Line
Lender 
 and 
 LC Issuer, 
 and CERTAIN FINANCIAL INSTITUTIONS, 

as Lenders 

U.S. BANK NATIONAL ASSOCIATION, 
 REGIONS CAPITAL MARKETS, A DIVISION OF REGIONS BANK, 
 and 

SUNTRUST ROBINSON HUMPHREY, INC., 
 as Joint Bookrunners and Joint Lead Arrangers 
 REGIONS BANK

 and 
 SUNTRUST BANK 
 as Co-Syndication Agents 

BRANCH BANKING AND TRUST CO., 
 KEYBANK NATIONAL ASSOCIATION, 
 and 

BMO HARRIS BANK N.A. 
 as Co-Documentation Agents 
  

 
  

 TABLE OF CONTENTS 

 

					
		
	 ARTICLE I DEFINITIONS
	  	 	1	  
		
	 ARTICLE II THE CREDITS
	  	 	33	  
		
	 2.1. Commitment.
	  	 	33	  
	 2.2. Ratable Loans; Types of Advances
	  	 	36	  
	 2.3. Commitment Fee
	  	 	36	  
	 2.4. Minimum Amount of Each Advance
	  	 	36	  
	 2.5. Reductions in Aggregate Revolving Commitment; Optional Principal Payments
	  	 	36	  
	 2.6. Method of Selecting Types and Interest Periods for New Advances
	  	 	37	  
	 2.7. Conversion and Continuation of Outstanding Advances
	  	 	37	  
	 2.8. Interest Rates
	  	 	38	  
	 2.9. Rates Applicable After Event of Default
	  	 	38	  
	 2.10. Method of Payment
	  	 	39	  
	 2.11. Evidence of Indebtedness
	  	 	39	  
	 2.12. Telephonic Notices
	  	 	40	  
	 2.13. Interest Payment Dates; Interest and Fee Basis
	  	 	40	  
	 2.14. Notification of Advances, Interest Rates, Prepayments and Commitment Reductions
	  	 	40	  
	 2.15. Lending Installations
	  	 	40	  
	 2.16. Non-Receipt of Funds by the Administrative Agent
	  	 	41	  
	 2.17. Facility LCs
	  	 	41	  
	 2.18. Replacement of Lender
	  	 	46	  
	 2.19. Limitation of Interest
	  	 	47	  
	 2.20. Defaulting Lenders
	  	 	47	  
	 2.21. Swing Line Loans
	  	 	50	  
		
	 ARTICLE III YIELD PROTECTION; TAXES
	  	 	51	  
		
	 3.1. Yield Protection
	  	 	51	  
	 3.2. Changes in Capital Adequacy Regulations
	  	 	52	  
	 3.3. Availability of Types of Advances; Adequacy of Interest Rate
	  	 	54	  
	 3.4. Funding Indemnification
	  	 	54	  
	 3.5. Taxes
	  	 	54	  
	 3.6. Lender Statements; Survival of Indemnity
	  	 	56	  
		
	 ARTICLE IV CONDITIONS PRECEDENT
	  	 	57	  
		
	 4.1. Initial Credit Extension
	  	 	57	  
	 4.2. Each Credit Extension
	  	 	60	  
		
	 ARTICLE V REPRESENTATIONS AND WARRANTIES
	  	 	60	  
		
	 5.1. Existence and Standing
	  	 	60	  
	 5.2. Authorization and Validity
	  	 	60	  
	 5.3. No Conflict; Government Consent
	  	 	61	  

  
 i 

					
	 5.4. Financial Statements
	  	 	61	  
	 5.5. Material Adverse Change
	  	 	61	  
	 5.6. Taxes
	  	 	61	  
	 5.7. Litigation and Contingent Obligations
	  	 	62	  
	 5.8. Subsidiaries
	  	 	62	  
	 5.9. ERISA
	  	 	62	  
	 5.10. Accuracy of Information
	  	 	62	  
	 5.11. Regulation U
	  	 	62	  
	 5.12. Material Agreements
	  	 	62	  
	 5.13. Compliance With Laws
	  	 	62	  
	 5.14. Ownership of Properties; Perfection of Liens
	  	 	63	  
	 5.15. Plan Assets; Prohibited Transactions
	  	 	63	  
	 5.16. Environmental Matters
	  	 	63	  
	 5.17. Investment Company Act
	  	 	64	  
	 5.18. Insurance
	  	 	64	  
	 5.19. Real Property
	  	 	64	  
	 5.20. Solvency
	  	 	64	  
	 5.21. Intellectual Property
	  	 	64	  
	 5.22. Labor Matters
	  	 	65	  
	 5.23. No Default
	  	 	65	  
	 5.24. Burdensome Restrictions
	  	 	65	  
	 5.25. U.S.A. Patriot Act
	  	 	65	  
	 5.26. Foreign Assets Control Regulations and Anti-Money Laundering
	  	 	65	  
		
	 ARTICLE VI COVENANTS
	  	 	65	  
		
	 6.1. Financial Reporting
	  	 	66	  
	 6.2. Use of Proceeds
	  	 	67	  
	 6.3. Notice of Event of Default; ERISA Matters
	  	 	67	  
	 6.4. Conduct of Business
	  	 	68	  
	 6.5. Formation of Subsidiaries
	  	 	68	  
	 6.6. Taxes
	  	 	68	  
	 6.7. Insurance
	  	 	69	  
	 6.8. Compliance with Laws
	  	 	69	  
	 6.9. Maintenance of Properties
	  	 	69	  
	 6.10. Inspection
	  	 	69	  
	 6.11. Books and Records
	  	 	69	  
	 6.12. Compliance with Material Contracts
	  	 	69	  
	 6.13. ERISA
	  	 	70	  
	 6.14. Environmental Matters; Reporting
	  	 	70	  
	 6.15. Reaffirmation of Guaranties
	  	 	70	  
	 6.16. Further Assurances; Cash Management and Post-Closing Obligations
	  	 	71	  
	 6.17. Indebtedness
	  	 	71	  
	 6.18. Merger
	  	 	73	  
	 6.19. Sale of Assets
	  	 	73	  
	 6.20. Investments
	  	 	74	  
	 6.21. Acquisitions
	  	 	75	  
	 6.22. Liens
	  	 	75	  

  
 ii 

					
	 6.23. Transactions with Affiliates
	  	 	76	  
	 6.24. Subordinated Indebtedness
	  	 	76	  
	 6.25. ERISA Plans
	  	 	77	  
	 6.26. Change in Nature of Business
	  	 	77	  
	 6.27. Subsidiaries
	  	 	77	  
	 6.28. Negative Pledges; Subsidiary Restrictions
	  	 	77	  
	 6.29. Restricted Payments
	  	 	78	  
	 6.30. Accounting Changes; Organizational Documents
	  	 	78	  
	 6.31. Advisory Agreement
	  	 	78	  
	 6.32. Financial Covenants
	  	 	79	  
		
	 ARTICLE VII DEFAULTS
	  	 	79	  
		
	 ARTICLE VIII ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES
	  	 	82	  
		
	 8.1. Acceleration; Remedies
	  	 	82	  
	 8.2. Application of Funds
	  	 	83	  
	 8.3. Amendments
	  	 	84	  
	 8.4. Preservation of Rights
	  	 	85	  
		
	 ARTICLE IX GENERAL PROVISIONS
	  	 	85	  
		
	 9.1. Survival of Representations
	  	 	85	  
	 9.2. Governmental Regulation
	  	 	85	  
	 9.3. Headings
	  	 	85	  
	 9.4. Entire Agreement
	  	 	85	  
	 9.5. Several Obligations; Benefits of this Agreement
	  	 	85	  
	 9.6. Expenses; Indemnification
	  	 	86	  
	 9.7. Numbers of Documents
	  	 	86	  
	 9.8. Accounting
	  	 	87	  
	 9.9. Severability of Provisions
	  	 	87	  
	 9.10. Nonliability of Lenders
	  	 	87	  
	 9.11. Confidentiality
	  	 	87	  
	 9.12. Nonreliance
	  	 	88	  
	 9.13. Disclosure
	  	 	88	  
	 9.14. U.S.A. PATRIOT ACT NOTIFICATION
	  	 	88	  
		
	 ARTICLE X THE ADMINISTRATIVE AGENT
	  	 	88	  
		
	 10.1. Appointment; Nature of Relationship
	  	 	88	  
	 10.2. Powers
	  	 	89	  
	 10.3. General Immunity
	  	 	89	  
	 10.4. No Responsibility for Loans, Recitals, etc.
	  	 	89	  
	 10.5. Action on Instructions of Lenders
	  	 	89	  
	 10.6. Employment of Administrative Agents and Counsel
	  	 	89	  
	 10.7. Reliance on Documents; Counsel
	  	 	90	  
	 10.8. Administrative Agent’s Reimbursement and Indemnification
	  	 	90	  
	 10.9. Notice of Event of Default
	  	 	90	  
	 10.10. Rights as a Lender
	  	 	91	  
	 10.11. Lender Credit Decision, Legal Representation
	  	 	91	  

  
 iii

					
	 10.12. Successor Administrative Agent
	  	 	92	  
	 10.13. Administrative Agent and Arranger Fees
	  	 	92	  
	 10.14. Delegation to Affiliates
	  	 	92	  
	 10.15. Execution of Collateral Documents
	  	 	92	  
	 10.16. Collateral Releases
	  	 	92	  
	 10.17. Other Agents; Arrangers, Etc.
	  	 	93	  
		
	 ARTICLE XI SETOFF; RATABLE PAYMENTS
	  	 	93	  
		
	 11.1. Setoff
	  	 	93	  
	 11.2. Ratable Payments
	  	 	93	  
		
	 ARTICLE XII BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS
	  	 	94	  
		
	 12.1. Successors and Assigns
	  	 	94	  
	 12.2. Participations
	  	 	94	  
	 12.3. Assignments
	  	 	95	  
	 12.4. Dissemination of Information
	  	 	96	  
	 12.5. Tax Treatment
	  	 	97	  
		
	 ARTICLE XIII NOTICES
	  	 	97	  
		
	 13.1. Notices; Effectiveness; Electronic Communication
	  	 	97	  
		
	 ARTICLE XIV COUNTERPARTS; INTEGRATION; EFFECTIVENESS; ELECTRONIC EXECUTION; EFFECT OF EXISTING AGREEMENTS
	  	 	98	  
		
	 14.1. Counterparts; Effectiveness
	  	 	98	  
	 14.2. Electronic Execution of Assignments
	  	 	98	  
	 14.3. Effect of Existing Credit Agreement and Existing Security Documents
	  	 	98	  
		
	 ARTICLE XV CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL
	  	 	99	  
		
	 15.1. CHOICE OF LAW
	  	 	99	  
	 15.2. CONSENT TO JURISDICTION
	  	 	99	  
	 15.3. WAIVER OF JURY TRIAL
	  	 	99	  

  
 iv 

			
	 PRICING SCHEDULE
	  	
	 EXHIBIT A – Form of Compliance Certificate
	  	
	 EXHIBIT B – Form of Assignment and Assumption Agreement
	  	
	 EXHIBIT C – Form of Borrowing Notice
	  	
	 EXHIBIT D – Form of Revolving Note
	  	
	 EXHIBIT E – Form of Term Note
	  	
	 EXHIBIT F – Form of Swing Line Note
	  	
	 EXHIBIT G – Form of Borrowing Base Certificate
	  	
		
	 SCHEDULE 1 – Commitments
	  	
	 SCHEDULE 1(a) – EBITDA
	  	
	 SCHEDULE 2.1 – Outstanding Obligations
	  	
	 SCHEDULE 5.8 – Subsidiaries
	  	
	 SCHEDULE 5.14 – Ownership of Properties
	  	
	 SCHEDULE 5.16 – Environmental Matters
	  	
	 SCHEDULE 5.19 – Real Property
	  	
	 SCHEDULE 5.22 – Labor Matters
	  	
	 SCHEDULE 6.17 – Indebtedness
	  	
	 SCHEDULE 6.20 – Investments
	  	
	 SCHEDULE 6.22 – Liens
	  	

  
 v 

 THIRD AMENDED AND RESTATED CREDIT AGREEMENT 

This Third Amended and Restated Credit Agreement (the “Agreement”), dated as of August 3, 2012, is among Roadrunner
Transportation Systems, Inc., a Delaware corporation (the “Borrower”), the Lenders and U.S. Bank National Association, a national banking association, as LC Issuer, Swing Line Lender and Administrative Agent. 

The Borrower, as borrower, certain lenders party thereto, and the LC Issuer, Swing Line Lender, and Administrative Agent are parties to a
Second Amended and Restated Credit Agreement, dated as of August 31, 2011 (as amended prior to the date hereof, the “Existing Credit Agreement”). The Borrower has requested that the Lenders amend and restate the Existing Credit
Agreement, which shall continue the revolving credit, swing line and letter of credit facilities to the Borrower, and the Lenders are willing to do so on the terms and conditions set forth herein. 

In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 

ARTICLE I 

DEFINITIONS 
 As used in this Agreement: 
 “2010 Closing Date”
means May 18, 2010. 
 “Account Debtor” means the account debtor or obligor with respect to
any of the Receivables. 
 “Acquisition” means any transaction, or any series of related
transactions, consummated on or after the Restatement Date, by which the Borrower or any of its Subsidiaries (i) acquires any going concern or business or all or substantially all of the assets of any firm, corporation or limited liability
company, or division thereof, whether through purchase of assets, merger or otherwise or (ii) directly or indirectly acquires (in one transaction or as the most recent transaction in a series of transactions) at least a majority (in number of
votes) of the securities of a corporation that have ordinary voting power for the election of directors (other than securities having such power only by reason of the happening of a contingency) or a majority (by percentage or voting power) of the
outstanding ownership interests of a partnership or limited liability company. 
 “Acquisition
Documents” is defined in Section 6.3. 
 “Administrative Agent” means U.S. Bank in
its capacity as contractual representative of the Lenders pursuant to Article X, and not in its individual capacity as a Lender, and any successor Administrative Agent appointed pursuant to Article X. 

  
 1 

 “Advance” means a borrowing hereunder (i) made by some
or all of the Lenders on the same Borrowing Date or (ii) converted or continued by the Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the several Loans of the same Type and, in the
case of Eurocurrency Loans, for the same Interest Period. The term “Advance” shall include Swing Line Loans unless otherwise expressly provided. 
 “Advisor” means HCI Equity Management, L.P., a Delaware limited partnership. 
 “Advisory Agreement” means the Advisory Agreement dated the 2010 Closing Date between the Advisor (as successor in interest and assignee to Thayer | Hidden Creek Management, L.P.) and the
Borrower and expressly providing that all advisory fees and other payments thereunder are subject to the terms of this Agreement. 
 “Advisory Fee Subordination Agreement” means the Amended and Restated Advisory Fee Subordination Agreement dated as of the May 2011 Closing Date, between the Advisor and the
Administrative Agent providing for the subordination of Advisory Fees to the Obligations in accordance with the terms of this Agreement. 
 “Advisory Fees” means all amounts payable by the Borrower to the Advisor pursuant to Section 4 of the Advisory Agreement. 

“Affected Lender” is defined in Section 2.18. 

“Affiliate” of any Person means any other Person directly or indirectly controlling, controlled by or
under common control with such Person, including, without limitation, such Person’s Subsidiaries. A Person shall be deemed to control another Person if the controlling Person owns 10% or more of any class of voting securities (or other
ownership interests) of the controlled Person or possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of the controlled Person, whether through ownership of stock, by contract or otherwise.

 “Aggregate Commitment” means the aggregate of the Commitments of all the Lenders, as reduced
from time to time pursuant to the terms hereof. As of the Restatement Date and immediately following the funding of the Term Loan, the Aggregate Commitment is $295,000,000. 

“Aggregate Outstanding Credit Exposure” means, at any time, the aggregate of the Outstanding Credit
Exposure of all the Lenders. 
 “Aggregate Revolving Commitment” means the aggregate of the
Revolving Commitments of all the Lenders, as reduced or increased from time to time pursuant to the terms hereof. As of the Restatement Date, the Aggregate Revolving Commitment is $125,000,000. 

“Aggregate Revolving Credit Exposure” means, at any time, the aggregate of the Revolving Credit Exposure
of all of the Lenders. 

  
 2 

 “Aggregate Term Loan Commitment” means, at any time, the
aggregate of the Term Loan Commitments of all of the Lenders. As of the Restatement Date, the Aggregate Term Loan Commitment is $170,000,000. 
 “Agreement” means this credit agreement, as it may be amended or modified and in effect from time to time. 

“Applicable Fee Rate” means, at any time, the percentage rate per annum at which Commitment Fees are
accruing on the unused portion of the Aggregate Commitment at such time as set forth in the Pricing Schedule. 

“Applicable Margin” means, with respect to Advances of any Type at any time, the percentage rate per
annum that is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule. 
 “Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers
or manages a Lender. 
 “Arranger” means U.S. Bank, Regions Capital Markets, a Division of
Regions Bank, and SunTrust Robinson Humphrey, Inc., and each of their successors, in their capacities as Joint Lead Arrangers and Joint Book Runners. 
 “Article” means an article of this Agreement unless another document is specifically referenced. 
 “August 2011 Closing Date” means August 31, 2011. 
 “Authorized Officer” means any of the chief executive officer, the chief financial officer, the chief operating officer or the treasurer of the Borrower or, if applicable its
Subsidiaries, in each case, acting singly. 
 “Available Aggregate Revolving Commitment” means,
at any time, the Aggregate Revolving Commitment then in effect minus the Aggregate Revolving Credit Exposure at such time. 
 “Base Rate” means with respect to a Base Rate Advance, as of any date of determination, the sum of (i) the greater of (a) the Prime Rate, (b) the Federal Funds Effective
Rate plus 0.50%, and (c) the Eurocurrency Rate in effect for a one-month interest period on such day (or if such day is not a Business Day the immediately preceding Business Day) and reset each Business Day plus 1.50% and (ii) the
Applicable Margin. 
 “Base Rate Advance” means an Advance that, except as otherwise provided in
Section 2.9, bears interest at the Base Rate, in each case as the Base Rate changes from time to time. 

  
 3 

 “Base Rate Loan” means a Loan that, except as otherwise
provided in Section 2.9, bears interest at the Base Rate. 
 “Borrower” means Roadrunner
Transportation Systems, Inc., a Delaware corporation, and its successors and assigns. 
 “Borrowing
Base” means, as of any date of calculation, an amount, as set forth on the most current Borrowing Base Certificate delivered to the Administrative Agent, equal to 85% of Eligible Receivables as of such date. 

“Borrowing Base Certificate” means a certificate executed by an Authorized Officer or the Controller of
the Borrower, in the form attached hereto as Exhibit G (with such modifications to such form as the Administrative Agent or the Required Lenders may reasonably request from time to time), setting forth the Borrowing Base and the
component calculations in respect of the foregoing. 
 “Borrowing Base Effectiveness Period”
means the period from the Restatement Date through the initial Borrowing Base Termination Date, if any, and, if applicable, from any Borrowing Base Reinstatement Date through the Borrowing Base Termination Date immediately thereafter, if any.

 “Borrowing Base Reinstatement Date” means at any time following a Borrowing Base Termination
Date, the first day of the second full month following the delivery by the Borrower of two consecutive compliance certificates pursuant to Section 6.1(e) demonstrating to the reasonable satisfaction of the Administrative Agent that the Total
Cash Flow Leverage Ratio was equal to or greater than 2.0 to 1.0 as of the last day of the most recently ended fiscal quarter set forth in each such compliance certificate; provided that notwithstanding the foregoing, if the Borrower fails to timely
deliver a compliance certificate pursuant to Section 6.1(e) following a Borrowing Base Termination Date shall, the Borrowing Base Reinstatement date shall be Business Day after such compliance certificate was required to be delivered.

 “Borrowing Base Termination Date” means the first date after the Restatement Date, or if
applicable, after a Borrowing Base Reinstatement Date, on which the Borrower has delivered two consecutive compliance certificates pursuant to Section 6.1(e) demonstrating to the reasonable satisfaction of the Administrative Agent that the
Total Cash Flow Leverage Ratio was less than 2.0 to 1.0 as of the last day of the most recently ended fiscal quarter set forth in each such compliance certificate. 

“Borrowing Date” means a date on which an Advance is made or a Facility LC is issued hereunder; provided,
that the only Borrowing Date in respect of Term Loans shall be the Restatement Date. 
 “Borrowing
Notice” is defined in Section 2.6. 

  
 4 

 “Business Day” means (i) with respect to any
borrowing, payment or rate selection of Eurocurrency Advances, a day (other than a Saturday or Sunday) on which banks generally are open in Minneapolis, Minnesota for the conduct of substantially all of their commercial lending activities, interbank
wire transfers can be made on the Fedwire system and dealings in United States dollars are carried on in the London interbank market and (ii) for all other purposes, a day (other than a Saturday or Sunday) on which banks generally are open in
New York City for the conduct of substantially all of their commercial lending activities and interbank wire transfers can be made on the Fedwire system. 
 “Capital Expenditures” means, for any period, all expenditures for property, plant or equipment that, in accordance with GAAP, would be required to be capitalized and shown on the
consolidated balance sheet of the Borrower and its Subsidiaries, excluding expenditures in respect of Capitalized Leases, and expenditures made in connection with the replacement, substitution or restoration of assets to the extent financed
(a) from insurance proceeds (or other similar recoveries) paid on account of the loss of or damage to the assets being replaced or restored, (b) with awards of compensation arising from the taking by eminent domain or condemnation of the
assets being replaced or (c) with proceeds reinvested on dispositions of assets allowed under this Agreement. 
 “Capitalized Lease” of a Person means any lease of Property by such Person as lessee that would be capitalized on a balance sheet of such Person prepared in accordance with GAAP.

 “Capitalized Lease Obligations” of a Person means the amount of the obligations of such
Person under Capitalized Leases that would be shown as a liability on a balance sheet of such Person prepared in accordance with GAAP. 
 “Cash Equivalent Investments” means, at any time, (a) any evidence of Indebtedness, maturing not more than one year after such time, issued or guaranteed by the United States
Government or any agency thereof, (b) commercial paper, maturing not more than one year from the date of issue, or corporate demand notes, in each case (unless issued by a Lender or its holding company) rated at least A-l by S&P’s or
P-l by Moody’s, (c) any certificate of deposit, time deposit or banker’s acceptance, maturing not more than one year after such time, or any overnight Federal funds transaction that is issued or sold by any Lender or its holding
company (or by a commercial banking institution that is a member of the Federal Reserve System and has a combined capital and surplus and undivided profits of not less than $500,000,000), (d) any repurchase agreement entered into with any
Lender (or commercial banking institution of the nature referred to in clause (c)) that (i) is secured by a fully perfected security interest in any obligation of the type described in any of clauses (a) through (c) above and
(ii) has a market value at the time such repurchase agreement is entered into of not less than 100% of the repurchase obligation of such Lender (or other commercial banking institution) thereunder, (e) money market accounts or mutual funds
that invest exclusively in assets satisfying the foregoing requirements and (f) other short term liquid investments approved in writing by the Administrative Agent. 

  
 5 

 “Cash Management Services” means any banking services
provided to the Borrower or any Subsidiary by one or more of the Lenders or any of their Affiliates (other than pursuant to this Agreement), including without limitation (a) credit cards, (b) credit card processing services, (c) debit
cards, (d) purchase cards, (e) stored value cards, (f) automated clearing house or wire transfer services or (g) treasury management, including controlled disbursement, consolidated account, lockbox, overdraft, return items,
sweep and interstate depository network services. 
 “Cash Management Services Agreement” means
any agreement entered into by the Borrower or any Subsidiary in connection with Cash Management Services. 

“Change” is defined in Section 3.2(a). 

“Change in Control” means (i) the acquisition by any Person (other than HCI Equity Partners L.L.C.
or its Affiliates), or two or more Persons acting in concert (other than HCI Equity Partners L.L.C. or its Affiliates), of beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange
Act of 1934) of 35% or more of the outstanding shares of voting stock of the Borrower; (ii) occupation of a majority of the seats (other than vacant seats) on the board of directors of the Borrower by Persons who were neither (x) nominated
by the board of directors of the Borrower nor (y) appointed by directors so nominated. 

“Code” means the Internal Revenue Code of 1986, as amended, reformed or otherwise modified from time to
time. 
 “Collateral” means all Property pledged, assigned, mortgaged, or otherwise conveyed to
the Administrative Agent pursuant to a Collateral Document as security for the Obligations. 

“Collateral Documents” means, collectively, the Security Agreement, any Control Agreements, any
collateral assignments of intellectual property, and any other pledge agreement, security agreement, mortgage, deed of trust, or other similar instrument or document, each as amended, restated, supplemented or otherwise modified from time to time.

 “Collateral Shortfall Amount” is defined in Section 8.1. 

“Commitment” means, for each Lender, such Lender’s Revolving Commitment and Term Loan Commitment.

 “Consolidated Indebtedness” means at any time the Indebtedness of the Borrower and its
Subsidiaries calculated on a consolidated basis as of such time. 
 “Consolidated Net Income”
means, with respect to the Borrower and its Subsidiaries for any period, the aggregate of all amounts that, in accordance with GAAP, would be included as net income (or net loss) of the Borrower and its Subsidiaries for such period, excluding
any gains and/or losses from dispositions of any assets allowed under this Agreement, any extraordinary gains, any extraordinary losses and any gains and/or losses from discontinued operations. 

  
 6 

 “Contingent Obligation” of a Person means any agreement,
undertaking or arrangement by which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds for the payment of or otherwise becomes or is contingently liable upon the obligation or liability of any other Person,
agrees to maintain the net worth, working capital or other financial condition of any other Person or otherwise assures any creditor of such other Person against loss, including, without limitation, any comfort letter, operating agreement,
take-or-pay contract or the obligations of any such Person as general partner of a partnership with respect to the liabilities of the partnership. 
 “Control Agreement” means a control agreement for deposit accounts, sweep accounts, securities accounts or other investment accounts, granting the Administrative Agent control over such
accounts in each case in form and substance reasonably satisfactory to the Administrative Agent. 

“Controlled Group” means all members of a controlled group of corporations or other business entities and
all trades or businesses (whether or not incorporated) under common control that, together with the Borrower or any of its Subsidiaries, are treated as a single employer under § 414 of the Code. 

“Conversion/Continuation Notice” is defined in Section 2.7. 

“Credit Extension” means the making of an Advance or the issuance of a Facility LC. 

“Daily Reset LIBOR Rate” means the one-month LIBOR rate quoted by the Administrative Agent from Reuters
Screen LIBOR01 Page or any successor thereto, which shall be that one-month LIBOR rate in effect and reset each New York Banking Day, adjusted for any reserve requirement and any subsequent costs arising from a change in government regulation, such
rate to be rounded up to the nearest one-sixteenth percent. The term “New York Banking Day” means any day (other than a Saturday or Sunday) on which commercial banks are open for business in New York, New York. 

“Deemed Dividend Problem” means, with respect to any Foreign Subsidiary, any portion of such Foreign
Subsidiary’s accumulated and undistributed earnings and profits being deemed to be repatriated to the Borrower or the applicable parent Domestic Subsidiary for U.S. federal income tax purposes and the effect of such repatriation causing adverse
tax consequences to the Borrower or such parent Domestic Subsidiary, in each case as determined by the Borrower in its commercially reasonable judgment acting in good faith and in consultation with its legal and tax advisors. 

“Default” means an event that but for the lapse of time or the giving of notice, or both, would
constitute an Event of Default. 

  
 7 

 “Defaulting Lender” means any Lender, as reasonably
determined by the Administrative Agent, that has (a) failed to fund any portion of its Loans or participations in Facility LCs or Swing Line Loans within three Business Days of the date required in the determination of the Administrative Agent
to be funded by it hereunder, unless such failure to fund is the result of a good faith dispute of which the Administrative Agent has written notice, (b) notified the Borrower, the Administrative Agent, the LC Issuer, the Swing Line Lender or
any Lender in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to comply with its funding obligations (i) under this
Agreement or (ii) under other agreements in which it is obligated to extend credit unless, in the case of this clause (ii), such obligation is the subject of a good faith dispute, (c) failed, within three Business Days after request
by the Administrative Agent, to confirm that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans and participations in then outstanding Facility LCs and Swing Line Loans; provided that such Lender
shall cease to be a Defaulting Lender upon receipt by the Administrative Agent of such written confirmation from such Lender, (d) otherwise failed to pay over to the Administrative Agent or any other Lender any other amount required to be paid
by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute, or (e) (i) become or is insolvent or has a parent company that has become or is insolvent or (ii) (A) become the subject of
a bankruptcy or insolvency proceeding, (B) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or custodian or appointed for it,
(C) taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment, (D) a parent company that has become the subject of a bankruptcy or insolvency proceeding,
(E) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or custodian appointed for it, or (F) taken any action in
furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment; provided, that a Lender shall not become a Defaulting Lender solely as the result of (x) the acquisition or maintenance of an
ownership interest in such Lender or a Person controlling such Lender or (y) the exercise of control over a Lender or a Person controlling such Lender, in each case, by a governmental authority or an instrumentality thereof. 

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

“Domestic Subsidiary” means a Subsidiary of the Borrower incorporated or organized under the laws of the
United States of America, any State thereof or the District of Columbia. 

  
 8 

 “EBITDA” means, for any period, Consolidated Net Income for
such period plus, to the extent deducted in determining such Consolidated Net Income, each of the following, without duplication, for such period: (a) Interest Expense, (b) income tax expense, (c) depreciation,
(d) amortization, (e) documented transaction expenses and other related fees and expenses actually paid or expensed and reasonably acceptable to the Administrative Agent during such period attributable to, if consummated in accordance
with the terms hereof, any Excluded Permitted Acquisition in an amount not to exceed $3,500,000 in the aggregate for all such Acquisitions, (f) documented transaction expenses actually paid or expensed and reasonably acceptable to the
Administrative Agent related to other Permitted Acquisitions in an amount not to exceed $5,000,000 in the aggregate in any fiscal year, (g) other noncash charges required by GAAP (including, without limitation, those resulting from purchase
accounting and the grant by Borrower of stock options and other equity-related incentives) and (h) Advisory Fees paid to the Advisor during such period so long as such Advisory Fees are subject to subordination to the Obligations pursuant to
the Advisory Fee Subordination Agreement and minus any and all advisory fees paid to any Person that is not an Affiliate of the Borrower (excluding the Advisory Fees). Notwithstanding the foregoing, EBITDA for (i) the fiscal quarters
ending December 31, 2011, March 31, 2012, and June 30, 2012, shall be as set forth on Schedule 1(a) and (ii) the fiscal quarter ending September 30, 2012, shall be the actual EBITDA for such quarter, calculated
in accordance with the definition of “EBITDA” set forth herein; provided, however, that upon the consummation of an Excluded Permitted Acquisition, Schedule 1(a) shall be deemed to be replaced to give effect to such Excluded
Permitted Acquisition, pursuant to a revised Schedule 1(a) as approved by the Administrative Agent. 

“Eligible Assignee” means (a) a Lender or an Affiliate of a Lender; (b) an Approved Fund;
(c) a commercial bank organized under the laws of the United States, or any state thereof, and having total assets in excess of $3,000,000,000, calculated in accordance with the accounting principles prescribed by the regulatory authority
applicable to such bank in its jurisdiction of organization; (d) a commercial bank organized under the laws of any other country that is a member of the OECD, or a political subdivision of any such country, having total assets in excess of
$3,000,000,000, calculated in accordance with the accounting principles prescribed by the regulatory authority applicable to such bank in its jurisdiction of organization, so long as such bank is acting through a branch or agency located in the
country in which it is organized or another country that is described in this clause (d); or (e) the central bank of any country that is a member of the OECD; provided, however, that (x) neither the Borrower nor an
Affiliate of the Borrower, (y) no natural person and (z) no Defaulting Lender shall qualify as an Eligible Assignee. 
 “Eligible Receivables” means a Receivable owing to the Borrower that meets each of the following requirements: 

(a) it arises from the rendering of services that the Borrower has fully performed; 

(b) it (i) is subject to a perfected, first-priority Lien in favor of the Administrative Agent and (ii) is not
subject to any other assignment, claim or Lien; 
 (c) it is a valid, legally enforceable and unconditional
obligation of the Account Debtor with respect thereto, and is not subject to the fulfillment of any condition whatsoever; 
 (d) to the extent it is not subject to any counterclaim, credit, allowance, discount, rebate or adjustment by the Account Debtor with respect thereto, or to any claim by such Account Debtor denying
liability thereunder, and to the extent the Account Debtor has not refused to accept any of the services that are the subject of such Receivable; 

  
 9 

 (e) there is no bankruptcy, insolvency or liquidation proceeding pending by
or against the Account Debtor with respect thereto; 
 (f) the Account Debtor with respect thereto is a resident
or citizen of, and is located within, the United States or Canada (excluding Quebec, the Northwest Territories and Nunavit), unless the sale of goods or services giving rise to such Receivable is on letter of credit, banker’s acceptance or
other credit support terms reasonably satisfactory to the Administrative Agent; 
 (g) it arises in the ordinary
course of the Borrower’s business; 
 (h) if the Account Debtor is the United States or any department,
agency or instrumentality thereof, the Borrower has assigned its right to payment of such Receivable to the Administrative Agent pursuant to the Assignment of Claims Act of 1940, and evidence (satisfactory to the Administrative Agent) of such
assignment has been delivered to the Administrative Agent; 
 (i) if the Receivable is evidenced by chattel paper
or an instrument, the originals of such chattel paper or instrument have been endorsed and/or assigned and delivered to the Administrative Agent or, in the case of electronic chattel paper, are in the control of the Administrative Agent, in each
case in a manner satisfactory to the Administrative Agent; 
 (j) such Receivable is evidenced by an invoice
delivered to the related Account Debtor and is not more than (i) 60 days past the due date thereof or (ii) 90 days past the original invoice date thereof (increased to 120 days with respect to Receivables containing 60-day terms), in each
case in all material respects according to the original terms of sale; 
 (k) the Account Debtor with respect
thereto is not an Affiliate of the Borrower; 
 (l) it is not owed by an Account Debtor with respect to which 25%
or more of the aggregate amount of outstanding Receivables owed at such time by such Account Debtor is classified as ineligible under clause (j) of this definition; and 

(m) if the aggregate amount of all Receivables owed by the Account Debtor thereon exceeds 25% of the aggregate amount of
all Receivables at such time, then all Receivables owed by such Account Debtor in excess of such amount shall be deemed ineligible. 
 An Eligible Receivable that at any time fails to meet any of the foregoing requirements shall forthwith cease to be an Eligible Receivable. 

  
 10 

 “Environmental Claims” means all claims, however asserted,
by any governmental, regulatory or judicial authority or other Person alleging potential liability or responsibility for violation of any Environmental Law, or for release or injury to the environment. 

“Environmental Laws” means any and all federal, state, local and foreign statutes, laws, judicial
decisions, regulations, ordinances, rules, judgments, orders, decrees, plans, injunctions, permits, concessions, grants, franchises, licenses, agreements and other governmental restrictions relating to (a) the protection of the environment,
(b) the effect of the environment on human health, (c) emissions, discharges or releases of pollutants, contaminants, hazardous substances or wastes into surface water, ground water or land or (d) the manufacture, processing,
distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, hazardous substances or wastes or the clean-up or other remediation thereof. 

“Equity Interests” means all shares, interests, participations or other equivalents, however designated,
of or in a corporation, a limited liability company, a general partnership, a limited liability partnership, or a limited partnership, whether or not voting, including but not limited to common stock, member interests, warrants, preferred stock,
convertible debentures, and all agreements, instruments and documents convertible, in whole or in part, into any one or more or all of the foregoing. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any rule or regulation issued thereunder. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with the
Borrower, is treated as a single employer under § 414(b) or (c) of the Code or, solely for purposes of § 302 of ERISA and § 412 of the Code, is treated as a single employer under § 414 of the Code.

 “ERISA Event” means (a) any Reportable Event; (b) the existence with respect to any
Plan of an “accumulated funding deficiency” (as defined in § 412 of the Code or § 302 of ERISA), whether or not waived; (c) the filing pursuant to § 412(d) of the Code or § 303(d) of ERISA of an
application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan;
(e) the receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the
Borrower or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal of the Borrower or any of its ERISA Affiliates from any Plan or Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA
Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition upon the Borrower or any of its ERISA Affiliates of Withdrawal Liability or a determination that a
Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA. 

  
 11 

 “Eurocurrency Advance” means an Advance that, except as
otherwise provided in Section 2.9, bears interest at the applicable Eurocurrency Rate. 

“Eurocurrency Base Rate” means, with respect to a Eurocurrency Advance for the relevant Interest Period,
the applicable British Bankers’ Association Interest Settlement Rate for deposits in Dollar LIBOR appearing on the applicable Reuters Screen as of 11:00 a.m. (London time) on the Quotation Date for such Interest Period, and having a maturity
equal to such Interest Period, provided that, (i) if the applicable Reuters Screen for Dollars is not available to the Administrative Agent for any reason, the applicable Eurocurrency Base Rate for the relevant Interest Period shall instead be
the applicable British Bankers’ Association Interest Settlement Rate for deposits in Dollars as reported by any other generally recognized financial information service selected by the Administrative Agent as of 11:00 a.m. (London time) on the
Quotation Date for such Interest Period, and having a maturity equal to such Interest Period, provided that, if no such British Bankers’ Association Interest Settlement Rate is available to the Administrative Agent, the applicable
Eurocurrency Base Rate for the relevant Interest Period shall instead be the rate reasonably determined by the Administrative Agent to be the rate at which U.S. Bank or one of its Affiliate banks offers to place deposits in Dollars with first-class
banks in the interbank market at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, in the approximate amount of U.S. Bank’s relevant Eurocurrency Loan and having a maturity equal to such
Interest Period. 
 “Eurocurrency Loan” means a Loan that, except as otherwise provided in
Section 2.9, bears interest at the applicable Eurocurrency Rate. 
 “Eurocurrency Rate”
means, with respect to a Eurocurrency Advance for the relevant Interest Period, the sum of (i) the quotient of (a) the Eurocurrency Base Rate applicable to such Interest Period, divided by (b) one minus the Reserve Requirement
(expressed as a decimal) applicable to such Interest Period, plus (ii) the Applicable Margin. 

“Event of Default” is defined in Article VII. 

“Excess Cash Flow” means, for any period of determination, (a) EBITDA for such period, minus
(b) income taxes, real property taxes and franchise taxes, in each case paid in cash, and Interest Expense paid in cash, minus (c) all scheduled principal payments made in respect of Indebtedness during such period (excluding
mandatory prepayments upon the Loans made with Excess Cash Flow pursuant to Section 2.1(e)(ii)), minus (d) any voluntary prepayment of Indebtedness permitted pursuant to Section 6.17 and Section 6.29 (excluding, for the
avoidance of doubt, any amounts that were applied to the Term Loans and that reduce the payment of Excess Cash pursuant to Section 2.1(e)(ii)(B)), provided that such prepayment is a permanent reduction of such Indebtedness, minus
(e) all Capital Expenditures made in cash during such period (to the extent permitted by Section 6.32.3 hereof), minus (f) the Permitted Earn-Out Payments made during such period to the extent permitted by Section 6.29,
minus (g) reasonable and documented transaction expenses paid in cash, in each case, to the extent such expenses are added back to EBITDA pursuant to clauses (e) and (f) thereof, plus or minus (as appropriate)
(h) the net change in working capital (excluding changes in cash and Cash Equivalents, changes in current Indebtedness, changes in Revolving Loans, changes in deferred taxes and changes in the deferred revenue account), in each case without
duplication and as calculated in accordance with GAAP and on a consolidated basis for the Borrower and its Subsidiaries. 

  
 12 

 “Excluded Controlled Account” means a deposit account of
the Borrower and its Subsidiaries designated as an “Excluded Controlled Account” on Schedule II of the Security Agreement as updated from time to time, in each case so long as such account does not replace an account established
with a Lender as of the Restatement Date and so long as each such deposit account is subject to a duly executed and effective Control Agreement. 
 “Excluded Local Operating Accounts” means the deposit accounts of the Borrower and its Subsidiaries used primarily for local receipts and disbursements and other general operating
purposes and designated as an “Excluded Local Operating Account” on Schedule II of the Security Agreement as updated from time to time, provided that (a) no one such deposit account shall have more than $250,000 on deposit for
a period of more than five consecutive Business Days and (b) all such deposit accounts shall not have more than $2,500,000 on deposit in the aggregate for a period of more than five Business Days. 

“Excluded Payroll Accounts” means the deposit accounts of the Borrower and its Subsidiaries designated as
“Excluded Payroll Accounts” on Schedule II of the Security Agreement as updated from time to time and used solely for the payment of payroll and other benefit obligations of its employees. 

“Excluded Permitted Acquisition Schedule” means a schedule approved by the Administrative Agent and
setting forth Capital Expenditures, rent and operating lease expense, and Capitalized Lease obligations for purposes of calculating the Fixed Charge Coverage Ratio in connection with an Excluded Permitted Acquisition. 

“Excluded Permitted Acquisitions” means Acquisitions made by the Borrower or any of its Subsidiaries that
(a) each comply with clauses (a)(i), (a)(ii), (a)(iv), (a)(v) and (a)(vi) of the definition of “Permitted Acquisitions,” (b) have an aggregate purchase price that does not exceed $32,500,000 in the aggregate after giving
effect to all holdbacks, earn-outs, indemnity obligations and other similar payment obligations of the acquirer for such Acquisitions, and (c) are consummated on or before December 31, 2012. 

“Excluded Taxes” means, in the case of each Lender or applicable Lending Installation and the
Administrative Agent, taxes imposed on its overall net income, and franchise taxes imposed on it. 

“Exhibit” refers to an exhibit to this Agreement, unless another document is specifically referenced.

 “Existing Credit Agreement” is defined in the Preliminary Statements hereto. 

  
 13 

 “Existing Interest and Fees” means accrued and unpaid
interest and fees under the Existing Credit Agreement as set forth on Schedule 2.1. 
 “Existing
Lender” is defined in Section 2.1(a)(i). 
 “Existing Security Documents” is
defined in the Security Agreement. 
 “Facility LC” is defined in Section 2.17.1.

 “Facility LC Application” is defined in Section 2.17.3. 

“Facility LC Collateral Account” is defined in Section 2.17.11. 

“Facility LC Exposure” is defined in Section 2.20. 

“Facility Termination Date” means August 3, 2017, or any earlier date on which the Aggregate
Commitment is reduced to zero or otherwise terminated pursuant to the terms hereof. 
 “FATCA”
means Sections 1471 through 1474 of the Code and any regulations promulgated thereunder or official interpretations thereof. 
 “Federal Funds Effective Rate” means, for any day, an interest rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members of the
Federal Reserve System arranged by federal funds brokers on such day, as published for such day (or, if such day is not a Business Day, for the immediately preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so
published for any day that is a Business Day, the average of the quotations at approximately 10:00 a.m. (Minneapolis time) on such day on such transactions received by the Administrative Agent from three federal funds brokers of recognized
standing selected by the Administrative Agent in its sole discretion. 
 “Financial Contract” of
a Person means (i) any exchange-traded or over-the-counter futures, forward, swap or option contract or other financial instrument with similar characteristics or (ii) any Rate Management Transaction. 

“Fixed Charge Coverage Ratio” means, for any period of determination, the ratio of 

(a) the sum, without duplication, of EBITDA for the four fiscal quarters ending on the last day of the period, plus
rent and operating lease expense, minus Capital Expenditures paid in cash, minus taxes paid in cash by the Borrower and its Subsidiaries, minus payments made in cash with respect to Permitted Earn-Out Payments permitted by
Section 6.29(b), minus payments made in cash with respect to the repurchases of capital stock of the Borrower issued to officers or other management employees, and permitted to be made pursuant to the terms of Section 6.29(e), in
each case made during such period, to 

  
 14 

 (b) the sum, without duplication, of Interest Expense paid in cash for such
period, plus (i) all required scheduled principal payments with respect to Consolidated Indebtedness (including without limitation all payments with respect to Capitalized Lease Obligations of the Borrower and its Subsidiaries), as such
required payments may be reduced by the application of voluntary or mandatory prepayments, plus (ii) rent and operating lease expenses, 
 in each case determined for said period on a consolidated basis in accordance with GAAP. Notwithstanding the foregoing, (a) for purposes of determining the components of the Fixed Charge Coverage
Ratio set forth in clause (b)(i) above (other than the principal installment required to be paid on September 30, 2012, pursuant to Section 2.1(d)) for the periods ending September 30, 2012, December 31, 2012, March 31, 2013
and June 30, 2013, such components of the Fixed Charge Coverage Ratio shall be the amount of such components for such period since the Restatement Date multiplied by a fraction, the numerator of which is 365 and the denominator of which is the
number of days in such period since the Restatement Date, and (b) for the purpose of determining the Fixed Charge Coverage Ratio, the principal installment required to be paid on September 30, 2012 pursuant to Section 2.2(d) shall be
deemed to be $2,833,000.00; provided, however, that upon the consummation of an Excluded Permitted Acquisition, Capital Expenditures, rent and operating lease expense and Capitalized Lease obligations shall be as set forth on the
applicable Excluded Permitted Acquisition Schedule. 
 “Foreign Subsidiary” means any Subsidiary
organized under the laws of a jurisdiction not located in the United States of America. 

“Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing,
holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 
 “GAAP” means generally accepted accounting principles as in effect from time to time in the United States, applied in a manner consistent with that used in preparing the financial
statements referred to in Section 5.4. 
 “Guarantors” means all Domestic Subsidiaries.

 “Guaranty” means, collectively, one or more guaranties or amended and restated guaranties of
each Guarantor, in the form or forms prescribed by the Administrative Agent, in favor of the Administrative Agent, for the ratable benefit of the Lenders, as amended or modified and in effect from time to time. 

  
 15 

 “Hazardous Substances” means (i) any petroleum or
petroleum products, radioactive materials, asbestos in any form that is or could become friable, urea formaldehyde foam insulation, dielectric fluid containing levels of polychlorinated biphenyls, radon gas and mold; (ii) any chemicals,
materials, pollutant or substances defined as or included in the definition of “hazardous substances,” “hazardous waste,” “hazardous materials,” “extremely hazardous substances,” “restricted hazardous
waste,” “toxic substances,” “toxic pollutants,” “contaminants,” “pollutants” or words of similar import, under any applicable Environmental Law; and (iii) any other chemical, material or substance,
the exposure to or release of which is prohibited, limited or regulated by any governmental authority or for which any duty or standard of care is imposed pursuant to any Environmental Law. 

“Highest Lawful Rate” means, on any day, the maximum non-usurious rate of interest permitted for that day
by applicable federal or state law stated as a rate per annum. 
 “Indebtedness” of a Person
means such Person’s (i) obligations for borrowed money, (ii) obligations representing the deferred purchase price of Property or services (other than accounts payable arising in the ordinary course of such Person’s business
payable on terms customary in the trade), (iii) obligations, whether or not assumed, secured by Liens or payable out of the proceeds or production from Property now or hereafter owned or acquired by such Person, (iv) obligations that are
evidenced by notes, acceptances or other instruments, (v) any capital securities or other equity instrument, whether or not mandatorily redeemable, that under GAAP is characterized as debt, whether pursuant to financial accounting standards
board issuance No. 150 or otherwise, (vi) Capitalized Lease Obligations, (vii) obligations of such Person as an account party with respect to standby and commercial Letters of Credit, (viii) Contingent Obligations of such Person,
(ix) Net Mark to Market Exposure under Financial Contracts and (x) any other obligation for borrowed money or other financial accommodation that in accordance with GAAP would be shown as a liability on the consolidated balance sheet of
such Person. 
 “Interest Expense” means, for any period of determination, the aggregate
consolidated amount, without duplication, of interest paid, accrued or scheduled to be paid in respect of any Indebtedness of the Borrower and its Subsidiaries, including (a) all but the principal component of payments in respect of conditional
sale contracts, Capitalized Leases and other title retention agreements, (b) commissions, discounts and other fees and charges with respect to Letters of Credit and bankers’ acceptance financings, (c) net costs under Rate Management
Transactions, in each case determined in accordance with GAAP and (d) the amortization of debt issuance costs. 
 “Interest Period” means, with respect to a Eurocurrency Advance, a period of one, two, three or six months commencing on a Business Day selected by the Borrower pursuant to this
Agreement. Such Interest Period shall end on the day that corresponds numerically to such date one, two, three or six months thereafter, provided, however, that if there is no such numerically corresponding day in such next, second,
third or sixth succeeding month, such Interest Period shall end on the last Business Day of such next, second, third or sixth succeeding month. If an Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall
end on the next succeeding Business Day, provided, however, that if said next succeeding Business Day falls in a new calendar month, such Interest Period shall end on the immediately preceding Business Day. 

  
 16 

 “Inventory” means any and all goods, including, without
limitation, goods in transit, wheresoever located, whether now owned or hereafter acquired by the Borrower, that are held for sale or lease, furnished under any contract of service or held as raw materials, work in process or supplies, and all
materials used or consumed in the business of the Borrower, and shall include all right, title and interest of the Borrower in any property the sale or other disposition of which has given rise to Receivables and that has been returned to or
repossessed or stopped in transit by the Borrower. 
 “Investment” of a Person means any loan,
advance (other than commission, travel and similar advances to officers and employees made in the ordinary course of business), extension of credit (other than accounts receivable arising in the ordinary course of business on terms customary in the
trade) or contribution of capital by such Person; stocks, bonds, mutual funds, partnership interests, notes, debentures or other securities (including warrants or options to purchase securities) owned by such Person; any deposit accounts and
certificates of deposit owned by such Person; and structured notes, derivative financial instruments and other similar instruments or contracts (other than those arising in connection with Rate Management Transactions) owned by such Person.

 “LC Fee” is defined in Section 2.17.4(b). 

“LC Fronting Fee” is defined in Section 2.17.4(a). 

“LC Issuer” means U.S. Bank (or any subsidiary or affiliate of U.S. Bank designated by U.S. Bank) in its
capacity as issuer of Facility LCs hereunder. 
 “LC Obligations” means, at any time, the sum,
without duplication, of (i) the aggregate undrawn stated amount under all Facility LCs outstanding at such time plus (ii) the aggregate unpaid amount at such time of all Reimbursement Obligations. 

“LC Payment Date” is defined in Section 2.17.5. 

“Lenders” means the lending institutions listed on the signature pages of this Agreement and their
respective successors and assigns. Unless otherwise specified, the term “Lenders” includes U.S. Bank in its capacity as Swing Line Lender. 
 “Lending Installation” means, with respect to a Lender or the Administrative Agent, the office, branch, subsidiary or affiliate of such Lender or the Administrative Agent listed on the
signature pages hereof (in the case of the Administrative Agent) or on its administrative questionnaire (in the case of a Lender) or otherwise selected by such Lender or the Administrative Agent pursuant to Section 2.15. 

“Letter of Credit” of a Person means a letter of credit or similar instrument that is issued upon the
application of such Person, upon which such Person is an account party or for which such Person is in any way liable. 
 “Lien” means any lien (statutory or other), mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, priority or other security agreement or similar arrangement of
any kind or nature whatsoever (including, without limitation, the interest of a vendor or lessor under any conditional sale, Capitalized Lease or other title retention agreement). 

  
 17 

 “Loan” means a Revolving Loan, a Term Loan or a Swing Line
Loan. 
 “Loan Documents” means this Agreement, the Facility LC Applications, the Collateral
Documents, the Guaranty, the Advisory Fee Subordination Agreement, any note or notes executed by the Borrower in connection with this Agreement and payable to a Lender, and any other material agreement, now or in the future, executed by the Borrower
for the benefit of the Administrative Agent or any Lender in connection with this Agreement. 
 “Material
Adverse Effect” means a material adverse effect on (i) the business, Property, financial condition or results of operations of the Borrower and its Subsidiaries taken as a whole, (ii) the ability of any of the Borrower or any of
its Subsidiaries to perform its respective material obligations under the Loan Documents to which it is a party, or (iii) any substantial portion of the Collateral under the Collateral Documents or on the validity or enforceability of any of
the Loan Documents or the rights or remedies of the Administrative Agent, the LC Issuer or the Lenders thereunder. 
 “Material Collateral Documents” is defined in Section 7.15. 
 “Material Indebtedness” means Indebtedness in an outstanding principal amount of $10,000,000 or more in the aggregate (or the equivalent thereof in any currency other than Dollars).

 “Material Indebtedness Agreement” means any agreement under which any Material Indebtedness
was created or is governed or that provides for the incurrence of Indebtedness in an amount that would constitute Material Indebtedness (whether or not an amount of Indebtedness constituting Material Indebtedness is outstanding thereunder).

 “May 2011 Closing Date” means May 31, 2011. 

“Midwest Transit” means Midwest Transit, Inc., a corporation organized under the terms of New Brunswick,
Canada (and a Wholly-Owned Subsidiary of the Borrower). 
 “Modify” and
“Modification” are defined in Section 2.17.1. 
 “Moody’s” means
Moody’s Investors Service, Inc. 
 “Multiemployer Plan” means a Plan maintained pursuant to
a collective bargaining agreement or any other arrangement to which the Borrower or any member of the Controlled Group is a party to which more than one employer is obligated to make contributions. 

  
 18 

 “Net Cash Proceeds” means, as applicable, (a) with
respect to any sale or other disposition of assets, the gross cash proceeds received by the Borrower or any of its Subsidiaries from such sale (including all payments actually received with respect to any promissory notes issued in connection
therewith, deferred payments or other similar payments received after such sale) less the sum of (i) all income taxes and other taxes assessed or payable as a result of such sale and any other customary fees and expenses incurred in connection
therewith, (ii) the principal amount of, premium, if any, and interest on any Indebtedness secured by a Lien on the asset(s) (or a portion thereof) sold, which Indebtedness is required to be repaid in connection with such sale; provided
such indebtedness and such Lien were permitted under Sections 6.17 and 6.22 and (iii) all reasonable legal and other professional fees and expenses incurred in connection therewith, (b) with respect to any offering of Equity Interests
or issuance of Indebtedness, the gross cash proceeds received by the Borrower or any of its Subsidiaries therefrom less all reasonable legal, underwriting, commissions and other professional fees and expenses incurred in connection therewith
and taxes payable in connection therewith, and (c) with respect to any payment under an insurance policy or in connection with a condemnation proceeding, the amount of cash proceeds received by the Borrower or any of its Subsidiaries thereon or
in connection therewith, as applicable, net of all reasonable expenses of collection. 
 “Net
Mark-to-Market Exposure” of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from Rate Management Transactions. “Unrealized losses”
means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and “unrealized profits”
means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date). 

“Non-U.S. Lender” is defined in Section 3.5(d). 

“Note” is defined in Section 2.11. 

“Obligations” means all unpaid principal of and accrued and unpaid interest on the Loans, all LC
Obligations, all accrued and unpaid fees and all expenses, reimbursements, indemnities and other obligations of the Borrower to the Lenders or to any Lender, the Administrative Agent, the LC Issuer or any indemnified party arising under the Loan
Documents, any Financial Contract between the Borrower or a Subsidiary and a Lender and permitted under Section 6.17(f) (including any such Rate Management Obligations owing to one or more Lenders or their Affiliates), and any Cash Management
Services Agreement between the Borrower or a Subsidiary and a Lender. 
 “Operating Lease” of a
Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee that has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more. 

  
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 “Operating Lease Obligations” means, as at any date of
determination, the amount obtained by aggregating the present values, determined in the case of each particular Operating Lease by applying a discount rate (which discount rate shall equal the discount rate that would be applied under GAAP if such
Operating Lease were a Capitalized Lease) from the date on which each fixed lease payment is due under such Operating Lease to such date of determination, of all fixed lease payments due under all Operating Leases of the Borrower and its
Subsidiaries. 
 “Other Taxes” is defined in Section 3.5(b). 

“Outstanding Credit Exposure” means, as to any Lender at any time, the sum of (i) such Lender’s
Revolving Credit Exposure, plus (ii) the aggregate principal Dollar amount of its Term Loan outstanding at such time. 
 “Outstanding Revolving Loan Obligations” is defined in Section 2.1(a)(i). 
 “Outstanding Term Loan Obligations” is defined in Section 2.1(b)(i). 
 “Participants” is defined in Section 12.2.1. 

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

“Permitted Acquisition” means 

(a) any Acquisition made by the Borrower or any of its Subsidiaries, provided that, (i) as of the date of the
consummation of such Acquisition, no Default or Event of Default shall have occurred and be continuing or would result from such Acquisition, and the representation and warranty in Section 5.11 shall be true both before and after giving effect
to such Acquisition, (ii) such Acquisition is consummated on a non-hostile basis pursuant to a negotiated acquisition agreement approved by the board of directors or other applicable governing body of the seller or entity to be acquired, and no
material challenge to such Acquisition (excluding the exercise of appraisal rights) shall be pending or threatened by any shareholder or director of the seller or entity to be acquired, (iii) the business to be acquired in such Acquisition is
in the same line of business as the Borrower’s, (iv) as of the date of the consummation of such Acquisition, all material approvals required in connection therewith shall have been obtained, (v) the Borrower shall have furnished to
the Administrative Agent a certificate demonstrating in reasonable detail (A) pro forma compliance with the financial covenants in Sections 6.32.2 and 6.32.1 for such period, in each case calculated as if such Acquisition, including the
consideration therefor, had been consummated on the first day of the applicable period and (B) that the Borrower has at least $20,000,000 of availability for Loans immediately after giving effect to any such Acquisition, (vi) the Borrower
and its Subsidiaries comply with the Permitted Acquisition Conditions with respect to such Acquisition, and (vii) no one such Acquisition (excluding any Excluded Permitted Acquisition) shall exceed $50,000,000 and the aggregate of all such
Acquisitions (excluding any Excluded Permitted Acquisition) in any fiscal year shall not exceed $75,000,000, in each case after giving effect to all hold-backs, earn-outs, indemnity obligations and other similar payment obligations of the acquirer;
provided that with respect to the Acquisition of an entity that is the primary target or a material aspect of such Acquisition that would qualify as a Foreign Subsidiary upon the consummation of such Acquisition, such Acquisitions shall not
exceed $10,000,000 in the aggregate over the term of this Agreement, in each case after giving effect to all hold-backs, earn-outs, indemnity obligations and other similar payment obligations of the acquirer; or 

  
 20 

 (b) any Excluded Permitted Acquisition. 

“Permitted Acquisition Conditions” means the delivery to the Administrative Agent of the following
(unless waived or permitted to be delivered after the consummation of the applicable Acquisition by the Administrative Agent, in each case, in its reasonable discretion and other than the joinder to the Guaranty and the Collateral Documents
described in clauses (a) and (b), the payoff letters described in clause (f) and the certificate described in clause (g)) in form acceptable to the Administrative Agent with respect to a proposed Permitted Acquisition: 

(a) A joinder to the Guaranty, duly executed by the target entity and each of its Subsidiaries. 

(b) The Collateral Documents with respect to the applicable target entity and its Subsidiaries (provided, however, that no
mortgages or deeds of trust shall be required with respect to (x) any owned real property with a fair market value of less than $500,000 at the time of the closing of such Permitted Acquisition or (y) any leased real property), including
without limitation a joinder to the Security Agreement and, if required by the Administrative Agent in its reasonable discretion, a collateral assignment of intellectual property from the applicable target entity and each of its Domestic
Subsidiaries that owns federally registered intellectual property, duly executed by the applicable target entity and each such Domestic Subsidiary, together with: 

(i) completed UCC, tax lien, and judgment searches for the applicable target entity and its Domestic Subsidiaries and if
applicable, any other holder of Equity Interests in the applicable target entity prior to the closing of the applicable Permitted Acquisition satisfactory to the Administrative Agent; and 

(ii) copies of the original certificates with respect to any Equity Interests specifically pledged under the Security
Agreement, including without limitation the Equity Interests in the applicable target entity and its Subsidiaries, together with stock powers in the form prescribed by the Administrative Agent and duly executed in blank with the originals to be sent
by overnight mail to the Administrative Agent or its designee immediately after the effective date of the applicable Permitted Acquisition. 

  
 21 

 (c) A certificate of the Secretary or Assistant Secretary (or other
appropriate officer) of the Borrower or Subsidiary purchasing the assets or Equity Interests of the applicable target entity, dated as of the date of the consummation of the applicable Permitted Acquisition and certifying to a true and accurate copy
of the resolutions or unanimous written consent of the Borrower or its applicable Subsidiary authorizing the execution, delivery, and performance of the applicable acquisition agreement and related acquisition documents. 

(d) A certificate of the Secretary or Assistant Secretary (or other appropriate officer) of the applicable target entity
and each of its Domestic Subsidiaries dated as of the date of the consummation of the applicable Permitted Acquisition but after giving effect thereto, and certifying as to the following: 

(i) A true and accurate copy of the resolutions or unanimous written consent of the applicable target entity or such
Subsidiary, as applicable, authorizing the execution, delivery, and performance of the Loan Documents to which it is a party; 
 (ii) The incumbency, names, titles, and signatures of the officers of such Person authorized to execute the Loan Documents to which such Person is a party; 

(iii) A true and accurate copy of the articles of incorporation, certificate of formation, certificate of partnership or
other equivalent documents of such Person with all amendments thereto, certified by the appropriate governmental official of the jurisdiction of its organization as date reasonably acceptable to the Administrative Agent; and 

(iv) A true and accurate copy of the bylaws, operating agreement or partnership agreement of such Person. 

(e) Certificates of current status or good standing for the applicable target entity and each of its Domestic Subsidiaries
in their respective jurisdictions of organization and a certificate of good standing or qualification in each state in which each such Person is qualified to carry on its business as presently conducted, in each case as of a date reasonably
acceptable to the Administrative Agent. 
 (f) Payoff letters and, if applicable, UCC-3 termination statements in
form and substance reasonably acceptable to the Administrative Agent from all existing lenders to the applicable target entity and its Subsidiaries and holders of Liens on the assets or property of the applicable target entity and its Subsidiaries
(other than with respect to Indebtedness and Liens permitted to remain outstanding under this Agreement). 

  
 22 

 (g) A certificate dated the date of the consummation of the applicable
Permitted Acquisition of an officer of the Borrower certifying that: 
 (i) A true and accurate copy of the
applicable acquisition agreement and the other material documents delivered in connection therewith have been duly executed and attached thereto and remain in full force and effect, without modification or amendment; 

(ii) All conditions to the closing of the applicable Permitted Acquisition have been satisfied or waived and, upon the
funding of any Loans on such date, the purchase price under the applicable acquisition agreement will be paid in full; 
 (iii) The pro forma Fixed Charge Coverage Ratio for the 12 months ended the most recent fiscal quarter ended prior to the consummation of such Permitted Acquisition was not less than the ratio set forth
in Section 6.32.1; 
 (iv) The pro forma Total Cash Flow Leverage Ratio (without duplication of any amounts
in connection with the determination of Pro Forma EBITDA) for the 12 months ended the most recent fiscal quarter ended prior to the consummation of such Permitted Acquisition was not greater than the ratio set forth in Section 6.32.2; and

 (v) Since the earlier of (A) the last day of the most recent fiscal year ended prior to the consummation
of such Permitted Acquisition, and (B) the date of the applicable letter of intent or other similar agreement related to the initial purchase of the target entity, there has been no material adverse effect on the business, Property, financial
condition, or results of operations of the applicable target entity and its Subsidiaries taken as a whole. 
 (h)
A certificate dated the date of the consummation of the applicable Permitted Acquisition of an Authorized Officer of the Borrower certifying as to the matters set forth in Section 4.2(a) and (b). 

(i) Such legal opinions of counsel to the Borrower, its Subsidiaries, and the applicable target entity and its
Subsidiaries as the Administrative Agent reasonably requires, each in form and substance reasonably acceptable to the Administrative Agent. 
 (j) Insurance certificates in form and substance acceptable to the Administrative Agent and listing the Administrative Agent as lenders loss payee thereon with respect to hazard insurance and as an
additional insured with respect to liability insurance, with appropriate endorsements or policy language to be provided within 30 days after the closing of such Permitted Acquisition, in each case indicating that the applicable target entity and its
Subsidiaries are insured by insurance of the types set forth in Section 6.7. 

  
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 (k) Copies of (1) audited consolidated financial statements of the
applicable target entity and its Subsidiaries for the three most recent fiscal years, (2) unaudited consolidated financial statements of the applicable target entity and its Subsidiaries for each monthly fiscal period since the most recently
ended fiscal year, and (3) projections and unaudited consolidated financial statements of the Borrower and its Subsidiaries, each giving pro forma effect to the applicable Permitted Acquisition, or, in each case, such other financial statements
and documents as are reasonably satisfactory to the Administrative Agent, demonstrating, to the Administrative Agent’s reasonable satisfaction, the solvency of the Borrower and each of its Subsidiaries in compliance with this Agreement.

 (l) Copies of any environmental surveys or reports held or possessed by the Borrower or any of the
Subsidiaries relating to the real property owned or leased by the applicable target entity or its Subsidiaries as deemed reasonably necessary or prudent by the Administrative Agent in scope and results reasonably acceptable to the Administrative
Agent. 
 (m) Evidence satisfactory to the Administrative Agent that (i) all applicable waiting periods have
expired without any action being taken by any authority that could restrain or prevent the Permitted Acquisition or impose any Material Adverse Effect, and (ii) no law or regulation is applicable that in the reasonable judgment of the
Administrative Agent could have such effect. 
 (n) If such Permitted Acquisition is an Excluded Permitted
Acquisition, the Excluded Permitted Acquisition Schedule. 
 “Permitted Earn-out Payments” means

 (a) payments required to be made to M.W. (Butch) Bruenger, the Patricia A. Carr Trust, Jeffery A. Kroneberger,
Patrick W. Kroneberger, Karen K. Moody, Michael S. Kroneberger, and Janet M. Haas (the “Sellers (Bruenger)”) subsequent to the May 2011 Closing Date pursuant to Section 1.6 of the Stock Purchase Agreement dated as of
May 19, 2011, and made effective as of the May 2011 Closing Date, between Roadrunner Services, Bruenger Trucking Company, a Kansas corporation, and the Sellers (Bruenger) as in effect on the May 2011 Closing Date, and in an amount, in the
aggregate, that does not exceed $3,000,000, 
 (b) payments required to be made subsequent to the 2010 Closing
Date to Michael P. Valentine pursuant to the Stock Purchase Agreement dated as of February 29, 2008, by and among Michael P. Valentine, GTS Direct, LLC, Group Transportation Services, Inc., and GTS Acquisition Sub, Inc., as in effect on the
2010 Closing Date, 
 (c) “Contingent Payments” under and as defined in the Stock Purchase Agreement,
dated as of October 4, 2006, by and among Sargent Trucking, Inc., a Maine corporation, Big Rock Transportation, Inc., an Indiana corporation, Midwest Carriers, Inc., an Indiana corporation, Smith Truck Brokers, Inc., a Maine corporation,
B&J Transportation, Inc., a Maine corporation, Sargent Holdings Corp., Bruce Sargent and Michael Tweedie in an amount not to exceed $800,000 in the aggregate, 

  
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 (d) payments required to be made to Costas Flessas and Dawn Flessas
subsequent to June 4, 2012, pursuant to Section 1.7 of the Stock Purchase Agreement dated as of June 4, 2012, by and among Roadrunner Truckload, LLC, a Delaware limited liability company, Consolidated Transportation World, Inc., a
Massachusetts corporation, CTW Transport, Inc., a North Dakota corporation, Costas Flessas, and Dawn Flessas, as in effect on such date, in an amount, in the aggregate, that does not exceed $3,500,000, 

(e) payments required to be made to Daniel J. Grundman and Cynthia L. Grundman subsequent to April 19, 2012, pursuant
to Section 1.7 of the Stock Purchase Agreement dated as of April 19, 2012, by and among the Borrower, Grundman Holdings, Inc., a Minnesota corporation, and Daniel J. Grundman and Cynthia L. Grundman, as in effect on such date, in an amount
not to exceed $700,000 for any fiscal year, 
 (f) payments required to be made to Richard P. Haney subsequent to
February 24, 2012, pursuant to Section 1.6 of the Stock Purchase Agreement dated as of February 24, 2012, by and among Group Transportation Services, Inc., a Delaware corporation, Capital Transportation Logistics, Inc., a New
Hampshire corporation, CTL Brokerage, Inc., a New Hampshire corporation, and Richard P. Haney, as in effect on such date, in an aggregate amount not to exceed $750,000, and 

(g) all other earn-out payments required to be made after the Restatement Date in connection with a Permitted Acquisition,
the payment of which is permitted by Section 6.29(b). 
 “Person” means any natural person,
corporation, firm, joint venture, partnership, limited liability company, association, enterprise, trust or other entity or organization or government or political subdivision or any agency, department or instrumentality thereof. 

“Plan” means an employee pension benefit plan that is covered by Title IV of ERISA or subject to the
minimum funding standards under § 412 of the Code as to which the Borrower or any member of the Controlled Group may have any liability. 
 “Prepayment Event” means each or any of the following: 
 (a) the incurrence by the Borrower or any of its Subsidiaries of any Indebtedness, other than Indebtedness permitted by Section 6.17 and other than Indebtedness consented to by the Required Lenders.

 (b) any sale, transfer or other disposition (including pursuant to a Sale and Leaseback Transaction) of any
property or asset of the Borrower or any of its Subsidiaries, other than dispositions described in clauses (a), (b) and (c) of Section 6.19, but only to the extent that (i) such Net Cash Proceeds for all such sales, transfers and
other dispositions exceed $500,000 in any fiscal year, and (ii) the Net Cash Proceeds therefrom have not been applied to replace such property with productive assets of a kind used or useable in the business of the Borrower or such Subsidiary
within 180 days after such sale, transfer or other disposition. 

  
 25 

 (c) any casualty or other insured damage to, or any taking under power of
eminent domain or by condemnation or similar proceeding of, any property or asset of the Borrower or any of its Subsidiaries, but only to the extent that, so long as no Event of Default is continuing, the Net Cash Proceeds therefrom have not been
applied to repair, restore or replace such property or asset within 180 days after such event, or if such restoration or repair cannot reasonably be completed within such 180 day period, within 365 days after such event so long as the Borrower and
its Subsidiaries continue to diligently pursue such repair or restoration during such period. 
 (d) the issuance
by the Borrower or any of its Subsidiaries of any Subordinated Indebtedness or Equity Interests, or receipt by the Borrower or any of its Subsidiaries of any capital contribution, other than, (i) any offering of Equity Interests by the Borrower
in conjunction with a Permitted Acquisition or an Acquisition to which the Required Lenders have given their prior consent, or (ii) any Equity Interests of any Subsidiary of the Borrower issued to the Borrower or any of its other Subsidiaries.

 “Pricing Schedule” means the Schedule attached hereto identified as such. 

“Prime” means Prime Logistics Corp., a Delaware corporation. 

“Prime Acquisition” means the acquisition of 100% of the Equity Interests of Prime by the Borrower
through statutory merger pursuant to the Prime Acquisition Agreement. 
 “Prime Acquisition
Agreement” means the Agreement and Plan of Merger dated as of August 23, 2011, between the Borrower, Prime Acquisition Corp., a Delaware corporation, Prime, and the Sellers (Prime), with the Prime Acquisition to be made effective on
the August 2011 Closing Date. 
 “Prime Acquisition Documents” means, collectively, the
Prime Acquisition Agreement and all material agreements and documents related thereto, including all agreements regarding any Equity Interests in Prime, option agreements, escrow agreements, employment agreements, severance agreements, service
agreements or other similar agreements and any agreement between the Borrower, on the one hand, and the Sellers (Prime) or Prime on the other hand. 
 “Prime Rate” means a rate per annum equal to the prime rate of interest announced from time to time by U.S. Bank or its parent (which is not necessarily the lowest rate charged to any
customer), changing when and as said prime rate changes. 

  
 26 

 “Pro Forma EBITDA” means, following a Permitted Acquisition
(other than any Excluded Permitted Acquisition) for any period, EBITDA as adjusted to account for such Permitted Acquisition for the three fiscal quarters ending and any fiscal months ended prior to the consummation of such Permitted Acquisition as
mutually agreed by the Administrative Agent, at the direction of the Required Lenders, and the Borrower, each in their reasonable discretion. 
 “Pro Rata Share” means, with respect to a Lender, a portion equal to a fraction the numerator of which is such Lender’s Commitment and the denominator of which is the Aggregate
Commitment, provided, however, if all of the Commitments are terminated pursuant to the terms of this Agreement, the “Pro Rata Share” means the percentage obtained by dividing (a) such Lender’s Outstanding Credit Exposure
at such time by (b) the Aggregate Outstanding Credit Exposure at such time; and provided, further, that when a Defaulting Lender exists, “Pro Rata Share” shall mean the percentage of the Aggregate Commitment (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. 
 “Prohibited Transaction” has the meanings give in § 4975 of the Code
and § 406 of ERISA. 
 “Property” of a Person means any and all property, whether
real, personal, tangible, intangible or mixed, of such Person, or other assets owned, leased or operated by such Person. 
 “Purchasers” is defined in Section 12.3.1. 

“Quotation Date” means, in relation to any Interest Period for which an interest rate is to be
determined, two Business Days before the first day of that period. 
 “Rate Management
Obligations” of a Person means any and all obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and
substitutions therefor), under (i) any and all Rate Management Transactions, and (ii) any and all cancellations, buy backs, reversals, terminations or assignments of any Rate Management Transactions. 

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

  
 27 

 “Receivables” means all accounts receivable (including,
without limitation, all rights to payment created by or arising from sales of goods, leases of goods or the rendition of services rendered no matter how evidenced whether or not earned by performance). 

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

“Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System as from time to
time in effect and any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by banks for the purpose of purchasing or carrying margin stock applicable to member banks of the Federal
Reserve System. 
 “Regulatory Change” is defined in Section 3.1. 

“Reimbursement Obligations” means, at any time, the aggregate of all obligations of the Borrower then
outstanding under Section 2.17 to reimburse the LC Issuer for amounts paid by the LC Issuer in respect of any one or more drawings under Facility LCs. 
 “Reportable Event” means a reportable event as defined in § 4043 of ERISA and the regulations issued under such section, with respect to a Plan, excluding, however, such events
as to which the PBGC has, as of the Restatement Date, by regulation waived the requirement of §4043(a) of ERISA that it be notified within 30 days of the occurrence of such event, provided, however, that a failure to meet the
minimum funding standard of § 412 of the Code and of § 302 of ERISA shall be a Reportable Event regardless of the issuance of any such waiver of the notice requirement in accordance with either § 4043(a) of ERISA or
§ 412(d) of the Code. 
 “Reports” is defined in Section 9.6. 

“Required Lenders” means Lenders (excluding any Defaulting Lender) in the aggregate having greater than
50% of the sum of (a) the Aggregate Revolving Commitment (or, if the Aggregate Revolving Commitment has been terminated, Lenders in the aggregate holding greater than 50% of the Aggregate Revolving Credit Exposure) plus (b) the aggregate
outstanding principal amount of the Term Loans ; provided however, that if at any date of determination there are (i) two or fewer Lenders, “Required Lenders” shall constitute 100% of the Lenders other than Defaulting Lenders, or
(ii) three Lenders and one Lender holds more than 50% of the aggregate unpaid principal amount of the Loans, “Required Lenders” shall constitute such Lender and at least one of the other two Lenders. 

  
 28 

 “Reserve Requirement” means, with respect to an Interest
Period, the maximum aggregate reserve requirement (including all basic, supplemental, marginal and other reserves) that is imposed under Regulation D on Eurocurrency liabilities. 

“Restatement Date” means August 3, 2012. 

“Restatement Date Funds Flow” is defined in Section 4.1.1(m). 

“Restricted Payment” means (a) any dividend or other distribution (whether in cash, securities or
other property) with respect to any Equity Interest in the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement,
acquisition, cancellation or termination of any such Equity Interests in the Borrower or any Subsidiary thereof or any option, warrant or other right to acquire any such Equity Interest in the Borrower or any Subsidiary thereof, (b) any amount
paid on account of any Indebtedness, promissory notes, intercompany Indebtedness or other liabilities or obligations owed by the Borrower to any holder of Equity Interests in the Borrower other than the Lenders or (c) any amount prepaid
directly or indirectly on account of any Indebtedness other than (i) any prepayment on the Obligations, (ii) any regularly scheduled payments, or (iii) voluntary prepayments of Indebtedness other than the Obligations not to exceed
$750,000 in the aggregate for all such prepayments under this clause (iii). 
 “Revolving
Availability” means (a) at any time during a Borrowing Base Effectiveness Period and up to the applicable Borrowing Base Termination Date, the lesser of the Aggregate Revolving Commitment and the Borrowing Base and (b) after a
Borrowing Base Termination Date and prior to the next applicable Borrowing Base Reinstatement Date, if any, the Aggregate Revolving Commitment. 
 “Revolving Commitment” means, for each Lender, the obligation of such Lender to make Revolving Loans to, and participate in Facility LCs issued upon the application of, the Borrower in an
aggregate amount not exceeding the amount set forth on Schedule 1 as its Revolving Commitment, as it may be modified as a result of any assignment that has become effective pursuant to Section 12.3.2 or as otherwise modified from
time to time pursuant to the terms hereof. 
 “Revolving Credit Exposure” means, as to any
Lender at any time, the sum of (i) the aggregate principal Dollar amount of its Revolving Loans outstanding at such time, plus (ii) an amount equal to its Revolving Percentage of the aggregate principal amount of Swing Line Loans
outstanding at such time, plus (iii) an amount equal to its Revolving Percentage of the LC Obligations at such time. 
 “Revolving Loan” means, with respect to a Lender, such Lender’s loan made pursuant to its Revolving Commitment and Existing Revolving Loan Obligations set forth in Section 2.1
(or any conversion or continuation thereof). 

  
 29 

 “Revolving Percentage” means, with respect to a Lender, the
percentage obtained by dividing such Lender’s Revolving Commitment by the Aggregate Revolving Commitment, provided, however, if all of the Revolving Commitments are terminated pursuant to the terms of this Agreement, the “Revolving
Percentage” means the percentage obtained by dividing (a) such Lender’s Revolving Credit Exposure at such time by (b) the Aggregate Revolving Credit Exposure at such time; and provided, further, that when a Defaulting
Lender exists, “Revolving Percentage” shall mean the percentage of the Aggregate Revolving Commitment (disregarding any Defaulting Lender’s Revolving Commitment) represented by such Lender’s Revolving Commitment. If the Revolving
Commitments have terminated or expired, the Revolving Percentage shall be determined based upon the Revolving Commitments most recently in effect, giving effect to any assignments. 

“Roadrunner Services” means Roadrunner Transportation Services, Inc., a Delaware corporation (and a
Wholly Owned Subsidiary of the Borrower). 
 “S&P” means Standard and Poor’s Ratings
Services, a division of The McGraw Hill Companies, Inc. 
 “Sale and Leaseback Transaction”
means any sale or other transfer of Property by any Person with the intent to lease such Property as lessee. 

“Schedule” refers to a specific schedule to this Agreement, unless another document is specifically
referenced. 
 “Section” means a numbered section of this Agreement, unless another document is
specifically referenced. 
 “Security Agreement” means the Third Amended and Restated Pledge and
Security Agreement dated as of the Restatement Date between the Borrower and each Domestic Subsidiary and the Administrative Agent, as amended, restated or otherwise modified from time to time. 

“Sellers (Prime)” means Mason Wells Buyout Fund II, Limited Partnership, MW Buyout Executive Fund II LLC,
Mark R. Holden, Jerry R. Linzey, Anthony W. Lenhart, and Richard A. Mitchell in their capacities as “Owners” under the Prime Acquisition Agreement. 
 “Single Employer Plan” means a Plan maintained by the Borrower or any member of the Controlled Group for employees of the Borrower or any member of the Controlled Group. 

“Specified Events of Default” means any Event of Default of the type described in Section 7.2, 7.3
(solely with respect to Section 6.32.1), 7.6 or 7.7. 
 “Stated Rate” is defined in
Section 2.19. 

  
 30 

 “Subordinated Indebtedness” of a Person means any
Indebtedness of such Person the payment of which is subordinated to payment of the Obligations to the written satisfaction of the Required Lenders, in their sole discretion, and none of the principal of which is payable until at least 180 days after
the Facility Termination Date. 
 “Subsidiary” of a Person means (i) any corporation more
than 50% of the outstanding securities having ordinary voting power of which shall at the time be owned or controlled, directly or indirectly, by such Person or by one or more of its Subsidiaries, or (ii) any partnership, limited liability
company, association, joint venture or similar business organization more than 50% of the ownership interests having ordinary voting power of which shall at the time be so owned or controlled. Unless otherwise expressly provided, all references
herein to a “Subsidiary” shall mean a Subsidiary of the Borrower. 
 “Substantial
Portion” means, with respect to the Property of the Borrower and its Subsidiaries, Property that represents more than 5% of the consolidated assets of the Borrower and its Subsidiaries as would be shown in the consolidated financial
statements of the Borrower and its Subsidiaries as at the beginning of the twelve-month period ending with the month in which such determination is made (or if financial statements have not been delivered hereunder for the month that begins the
twelve-month period, then the financial statements delivered hereunder for the quarter ending immediately prior to that month). 
 “Swing Line Borrowing Notice” is defined in Section 2.21(b). 
 “Swing Line Exposure” is defined in Section 2.20. 
 “Swing Line Lender” means U.S. Bank or any other Lender that succeeds to U.S. Bank’s rights and obligations as Swing Line Lender pursuant to the terms of this Agreement. 

“Swing Line Loan” means a Loan made available to the Borrower by the Swing Line Lender pursuant to
Section 2.21. 
 “Swing Line Sublimit” means the maximum principal amount of Swing Line
Loans the Swing Line Lender may have outstanding to the Borrower at any one time, which, as of the Restatement Date, is $10,000,000. 
 “Taxes” means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings, and any and all liabilities with respect to the foregoing, but excluding
Excluded Taxes and Other Taxes. 
 “Term Loan” means, with respect to a Lender, such
Lender’s loan made pursuant to its Term Loan Commitment set forth in Section 2.1 (or any conversion or continuation thereof). 
 “Term Loan Commitment” means, for each Lender, the obligation of such Lender to make a Term Loan to the Borrower on the Restatement Date in an aggregate amount not exceeding the amount
set forth on Schedule 1 as its Term Loan Commitment. 

  
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 “Total Cash Flow Leverage Ratio” means, for any period of
determination, the ratio of (a) Total Funded Debt to (b) EBITDA, or, following a Permitted Acquisition (other than any Excluded Permitted Acquisition), Pro Forma EBITDA. 

“Total Funded Debt” means, as of any date of determination, without duplication, the sum of
(a) outstanding borrowings under this Agreement, plus (b) the undrawn face amount of issued and outstanding Facility LCs and all other LC Obligations, in each case that are outstanding on such date (less any amounts deposited by the
Borrower to cash collateralize such LC Obligations), plus, (c) the aggregate outstanding principal balance of all other interest-bearing Consolidated Indebtedness including Capitalized Leases and Subordinated Debt, plus (d) Contingent
Obligations covering any of the indebtedness listed in clauses (a), (b) or (c) of this definition (without duplication). With respect to Revolving Loans, clause (a) of this definition shall be calculated based on the outstanding
Aggregate Revolving Credit Exposure as determined on the last Business Day of the applicable fiscal quarter. 

“Transferee” is defined in Section 12.4. 

“Type” means, with respect to any Advance, its nature as a Base Rate Advance or a Eurocurrency Advance
and with respect to any Loan, its nature as a Base Rate Loan or a Eurocurrency Loan. 
 “U.S.
Bank” means U.S. Bank National Association, a national banking association, in its individual capacity, and its successors. 
 “U.S. Bank Fee Letter” means that certain fee letter dated as of the Restatement Date between U.S. Bank and the Borrower with respect to fees payable in connection with this Agreement.

 “U.S.A. Patriot Act” means the U.S.A. Patriot Act of 2001, 31 U.S.C. § 5318, Title
III of Pub. L. 107-56 (signed into law October 26, 2001), as amended. 
 “Unfunded
Liabilities” means the amount (if any) by which the present value of all vested and unvested accrued benefits under all Single Employer Plans exceeds the fair market value of all such Plan assets allocable to such benefits, all determined
as of the then most recent valuation date for such Plans using PBGC actuarial assumptions for single employer plan terminations. 
 “Wholly-Owned Subsidiary” of a Person means (i) any Subsidiary of which 100% of the beneficial ownership interests are at the time owned or controlled, directly or indirectly, by
such Person or one or more Wholly-Owned Subsidiaries of such Person, or (ii) any partnership, limited liability company, association, joint venture or similar business organization of which 100% of the beneficial ownership interests are at the
time so owned or controlled. 
 The foregoing definitions shall be equally applicable to both the singular and plural forms of
the defined terms. Unless the context requires otherwise, any definition of or reference to any agreement, instrument, or other document refers to such agreement, instrument, or other document as amended, restated, supplemented, or otherwise
modified from time to time (subject to any restrictions herein on such modifications), and any definition of or reference to any statute, rule, or regulation refers to such statute, rule, or regulation as amended, supplemented, or otherwise modified
and in effect from time to time, including any successor thereto. 

  
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 ARTICLE II 
 THE CREDITS 
 2.1. Commitment.  

(a) Revolving Credit. 
 (i) As of the Restatement Date, the aggregate outstanding principal amount of the “Revolving Loans” (under and as defined in the Existing Credit Agreement) and unpaid accrued interest thereon is
set forth on Schedule 2.1 (together with all other accrued and unpaid fees thereon, the “Outstanding Revolving Loan Obligations”). The Outstanding Revolving Loan Obligations are held by the lenders party to the Existing
Credit Agreement as of the Restatement Date (the “Existing Lenders”) in the amounts set forth on Schedule 2.1. Subject to the terms of this Agreement and in reliance on the representations and warranties of the Borrower
herein, each of the parties hereto hereby agrees (A) that (other than any amounts repaid on the Restatement Date) the Outstanding Revolving Loan Obligations shall be, from and following the Restatement Date, continued and reconstituted as the
Revolving Loans (as defined below) and interest and fees, as applicable, under this Agreement and (B) that concurrently therewith, the Existing Lenders have assigned the preexisting loans (other than any amounts repaid on the Restatement Date)
and commitments among themselves and to the Lenders and hereby direct the Administrative Agent to re-allocate all such pre-existing loans and commitments, such that, after giving effect to the transactions contemplated hereby, the Loans and
Commitments shall be allocated among the Lenders as set forth in Schedule 1, and (C) that the Lenders shall make additional Advances in respect of the Revolving Loans as set forth below. 

(ii) Subject to the terms and conditions hereof, each Lender agrees (A) that all of the Outstanding Revolving Loan
Obligations owed to such Lender, if any, shall remain outstanding and shall be deemed to be continuing Revolving Loans (subject to the reallocations and adjustments required pursuant to clause (a)(i) above) and (B) to make available a
revolving credit facility available as loans (collectively with the Outstanding Revolving Loan Obligations, each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower on a revolving basis at
any time and from time to time during the period from the Restatement Date to the Facility Termination Date, during which period the Borrower may borrow, repay and reborrow in accordance with the provisions hereof, provided, that no Revolving Loan
will be made in any amount which, after giving effect thereto, would cause the Aggregate Revolving Credit Exposure to exceed the Revolving Availability. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow the
Revolving Loans at any time prior to the Facility Termination Date. The Revolving Commitments hereunder shall expire on the Facility Termination Date. The LC Issuer will issue Facility LCs hereunder on the terms and conditions set forth in
Section 2.17. 

  
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 (b) Term Loans. 

(i) As of the Restatement Date, the aggregate outstanding principal amount of the “Term Loans” (under and as
defined in the Existing Credit Agreement) and unpaid accrued interest thereon is set forth on Schedule 2.1 (together with any other accrued and unpaid fees thereon, the “Outstanding Term Loan Obligations”). The
Outstanding Term Loan Obligations are held by the Existing Lenders in the amounts set forth on Schedule 2.1. Subject to the terms of this Agreement and in reliance on the representations and warranties of the Borrower herein, each of the
parties hereto hereby agrees (A) that (other than any amounts repaid on the Restatement Date) the Outstanding Term Loan Obligations shall be, from and following the Restatement Date, continued and reconstituted as the Term Loans (as defined
below) and interest and fees, as applicable, under this Agreement and (B) that concurrently therewith, the Existing Lenders have assigned and hereby direct the Administrative Agent to re-allocate all such preexisting loans (other than any
amounts repaid on the Restatement Date) and commitments among themselves and to the Lenders, such that, after giving effect to the transactions contemplated hereby, the Loans and Commitments shall be allocated among the Lenders as set forth in
Schedule 1, and (C) that the Lenders shall make additional advances in respect of the Term Loans as set forth below. 
 (ii) Subject to the terms and conditions hereof, each Lender agrees (A) that all of the Outstanding Term Loan Obligations owed to such Lender, if any, shall remain outstanding and shall be deemed to
be continuing Term Loans (subject to the reallocations and adjustments required pursuant to clause (b)(i) above) and (B) to make an additional Term Loan (collectively with the Outstanding Term Loan Obligations, the “Term
Loans”) on the Restatement Date to Borrower in an incremental amount equal to the principal amount of its Term Loan Commitment less the amount of its Outstanding Term Loan Obligations (if any) as set forth on Schedule 2.1. The
obligations of each Lender hereunder shall be several and not joint. 
 (c) Aggregate Commitment. If at
any time the Dollar amount of the Aggregate Revolving Credit Exposure exceeds the then current Revolving Availability, the Borrower shall immediately make a payment on Revolving Loans, Swing Line Loans, or Reimbursement Obligations sufficient to
eliminate such excess. 
 (d) Term Loans. The Borrower shall make quarterly principal payments in the
amount of $4,250,000 each for application to the Term Loans on the last Business Day of each fiscal quarter, commencing on September 30, 2012, with all remaining outstanding Term Loans to be paid in full on the Facility Termination Date.

  
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 (e) Prepayment Events and Excess Cash Flow. 

(i) If at any time a Prepayment Event occurs, the Borrower shall, within five Business Days thereof, pay to the
Administrative Agent for the ratable benefit of the Lenders, the Net Cash Proceeds realized by such Prepayment Event, up to the amount of the Obligations (including any Reimbursement Obligations and the aggregate face amount of all outstanding
Facility LCs). This Section 2.1(e)(i) shall not be deemed to authorize any incurrence of Indebtedness, sale, transfer or other transaction that would otherwise be prohibited by Article VI. 

(ii) Commencing with the fiscal year ending December 31, 2013, for any fiscal year of the Borrower that the Total
Cash Flow Leverage Ratio is greater than 2.50 to 1.00, calculated as of the last day of such fiscal year for such year, within 120 days after the end of such fiscal year, the Borrower will pay to the Administrative Agent for the benefit of the
Lenders an amount equal to (A) (i) 50% of Excess Cash Flow, if any, for such fiscal year, less (B) the amount of all prepayments made by the Borrower pursuant to Section 2.5 that were applied to the Term Loans during the
period from the last Excess Cash Flow payment date to the current Excess Cash Flow payment date (or in the case of the first Excess Cash Flow payment date after the Restatement Date, the period from the Restatement Date to the date of the first
Excess Cash Flow payment). 
 (iii) Any payments of the type specified in subsections (e)(i) and (ii) of
this Section 2.1 shall be applied or deposited (as appropriate) first, to the Term Loans, and second, after the Term Loans have been paid in full, to any outstanding Revolving Loans, and third, after the Term Loans have been paid in full and
all outstanding Revolving Loans have been paid in full, into the Facility LC Collateral Account in an amount equal to the aggregate face amount of all outstanding Facility LCs, provided that Net Cash Proceeds resulting from the issuance by
the Borrower or any of its Subsidiaries of any Equity Interests, or receipt by the Borrower or any of its Subsidiaries of any capital contribution during the period from the Restatement Date through the date twelve months after the Restatement Date
shall be applied to the Revolving Loans, and, after the Revolving Loans have been paid in full, retained by the Borrower. All such prepayments applied to the Term Loans shall be applied pro rata to all remaining scheduled principal payments on the
applicable Term Loans. To the extent any portion of such prepayment under subsections (e)(i) or (ii) of this Section 2.1 would be applied to outstanding Eurocurrency Advances and no Default or Event of Default has occurred and is
continuing, such portion shall be deposited in the Holding Account and withdrawn for application to such Eurocurrency Advances at the end of the then-current Interest Periods applicable thereto (or earlier, upon and at any time after the occurrence
and continuance of a Default or an Event of Default). 

  
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 (f) Facility Termination Date. The Aggregate Outstanding Credit
Exposure and all other unpaid Obligations shall be paid in full by the Borrower (or, in the case of LC Obligations in respect of Facility LCs with an expiry date after the Facility Termination Date, cash collateralized in accordance with
Section 2.17.1 and 2.17.11) on the Facility Termination Date. 
 2.2. Ratable Loans; Types of Advances. Each Advance
hereunder (other than any Swing Line Loan) shall consist of (a) Revolving Loans made from the several Lenders ratably according to their Revolving Percentages or (b) Term Loans made from the Lenders ratably according to their Term Loan
Commitment. The Advances may be Base Rate Advances or Eurocurrency Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.6, 2.7 and 2.8, or Swing Line Loans selected by the Borrower in accordance with
Section 2.21. 
 2.3. Commitment Fee. The Borrower agrees to pay to the Administrative Agent for the account of each
Lender according to its Revolving Percentage a commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily Available Aggregate Revolving Commitment from the Restatement Date to and including the Facility Termination
Date, payable on the last day of each fiscal quarter and on the Facility Termination Date. Swing Line Loans shall not count as usage of the Aggregate Revolving Commitment for the purpose of calculating the commitment fee due hereunder with respect
to any Lender other than the Swing Line Lender, except to the extent another Lender’s participation in such Swing Line Loans has been funded by such Lender. 
 2.4. Minimum Amount of Each Advance. Each Eurocurrency Advance shall be in the minimum amount of $500,000, or if more, in integral multiples of $100,000 above $500,000 and each Base Rate Advance
(other than an Advance to repay Swing Line Loans) shall be in the minimum amount of $500,000, or if more, in integral multiples of $100,000 above $500,000, provided, however, that any Base Rate Advance in respect of a Revolving Loan may be in
the amount of the then current Revolving Availability. 
 2.5. Reductions in Aggregate Revolving Commitment; Optional
Principal Payments. The Borrower may permanently reduce the Aggregate Revolving Commitment in whole, or in part ratably among the Lenders in the minimum amount of $500,000, upon at least three Business Days’ written notice to the
Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that the amount of the Aggregate Revolving Commitment may not be reduced below the Aggregate Revolving Credit Exposure. All accrued
commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Credit Extensions hereunder. The Borrower may from time to time pay, without penalty or premium, all outstanding Base Rate Advances
(other than Swing Line Loans), or, in a minimum aggregate amount of $500,000, or if more, in integral multiples of $100,000 above $500,000, any portion of the outstanding Base Rate Advances (other than Swing Line Loans) upon same day notice to the
Administrative Agent. The Borrower may at any time pay, without penalty or premium, all outstanding Swing Line Loans, or any portion of the outstanding Swing Line Loans, with notice to the Administrative Agent and the Swing Line Lender by 11:00 a.m.
(Minneapolis time) on the date of repayment. The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurocurrency Advances,
or, in a minimum aggregate amount of $500,000 or if more, in integral multiples of $100,000 above $500,000, any portion of the outstanding Eurocurrency Advances upon three Business Days’ prior notice to the Administrative Agent. 

  
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 2.6. Method of Selecting Types and Interest Periods for New Advances. The Borrower
shall select the Type of Advance and, in the case of each Eurocurrency Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C (a
“Borrowing Notice”) not later than 12:00 p.m. (Minneapolis time) on the Borrowing Date of each Base Rate Advance (other than a Swing Line Loan) and three Business Days before the Borrowing Date for each Eurocurrency Advance,
specifying: 
 (a) the Borrowing Date, which shall be a Business Day, of such Advance, 

(b) the aggregate amount of such Advance, 

(c) the Type of Advance selected, and 

(d) in the case of each Eurocurrency Advance, the Interest Period applicable thereto; 

Not later than 2:00 p.m. (Minneapolis time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately
available to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the Borrower pursuant to the Borrowing Notice. 

2.7. Conversion and Continuation of Outstanding Advances. Base Rate Advances (other than Swing Line Loans) shall continue as Base
Rate Advances unless and until such Base Rate Advances are converted into Eurocurrency Advances pursuant to this Section or are repaid in accordance with Section 2.5. Each Eurocurrency Advance denominated in Dollars shall continue as a
Eurocurrency Advance until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Advance shall be automatically converted into a Base Rate Advance unless (x) such Eurocurrency Advance is or was repaid in
accordance with Section 2.5 or (y) the Borrower has given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a
Eurocurrency Advance for the same or another Interest Period. Subject to the terms of Section 2.4, the Borrower may elect from time to time to convert all or any part of a Base Rate Advance (other than a Swing Line Loan) into a Eurocurrency
Advance. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Base Rate Advance into a Eurocurrency Advance, conversion of a Eurocurrency Advance to a Base
Rate Advance, or continuation of a Eurocurrency Advance not later than 12:00 p.m. (Minneapolis time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: 

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

(b) the amount and Type of the Advance that is to be converted or continued, and 

(c) the amount of such Advance that is to be converted into or continued as a Eurocurrency Advance and the duration of the
Interest Period applicable thereto. 

  
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 2.8. Interest Rates. Each Base Rate Advance (other than a Swing Line Loan) shall bear
interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurocurrency Advance into a Base Rate Advance pursuant to Section 2.7, to but excluding the
date it becomes due or is converted into a Eurocurrency Advance pursuant to Section 2.7, at a rate per annum equal to the Base Rate for such day. Changes in the rate of interest on the portion of any Advance maintained as a Base Rate Advance
will take effect simultaneously with each change in the Base Rate. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but excluding the date
it is paid, at the Borrower’s option, at a rate per annum equal to either (i) the Base Rate for such day, or (ii) the Daily Reset LIBOR Rate for such day, or another rate if agreed to by the Borrower and the Swing Line Lender. Each
Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate
reasonably determined by the Administrative Agent as applicable to such Eurocurrency Advance based upon the Borrower’s selections under Sections 2.6 and 2.7 and otherwise in accordance with the terms hereof. No Interest Period may end after the
Facility Termination Date. Notwithstanding anything to the contrary in this Agreement, without the prior written consent of the Required Lenders, the Borrower shall not maintain more than six Eurocurrency Advances at any time. 

2.9. Rates Applicable After Event of Default. Notwithstanding anything to the contrary in Section 2.6, 2.7, or 2.8, during
the continuance of a Default or Event of Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.3 requiring
unanimous consent of the Lenders to changes in interest rates), declare that no Advance may be made as, converted into or continued as a Eurocurrency Advance. During the continuance of an Event of Default the Required Lenders may, at their option,
by notice to the Borrower (which notice may be revoked at the option of all of the Lenders), declare that (i) each Eurocurrency Advance shall bear interest for the remainder of the applicable Interest Period at the rate otherwise applicable to
such Interest Period plus 2% per annum, (ii) each Base Rate Advance shall bear interest at a rate per annum equal to the Base Rate in effect from time to time plus 2% per annum, and (iii) the LC Fee shall be increased by
2% per annum, provided that, during the continuance of an Event of Default under Section 7.6 or 7.7, the interest rates set forth in clauses (i) and (ii) above and the increase in the LC Fee set forth in clause (iii)
above shall be applicable to all Credit Extensions without any election or action on the part of the Administrative Agent or any Lender. After an Event of Default has been cured or waived, the interest rate applicable to advances and the LC Fee
shall revert to the rates applicable prior to the occurrence of an Event of Default. 

  
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 2.10. Method of Payment. Each Advance shall be repaid and each payment of interest
thereon shall be paid in Dollars. All payments of the Obligations hereunder shall be made, without setoff, deduction or counterclaim, in immediately available funds to the Administrative Agent at the Administrative Agent’s address specified
pursuant to Article XIII, or at any other Lending Installation of the Administrative Agent specified in writing by the Administrative Agent to the Borrower (which written notice shall be delivered to Borrower at least one Business Day prior to
the due date of the applicable payment) by 12:00 p.m. (Minneapolis time) on the date when due and shall (except (i) with respect to payments of Swing Line Loans, (ii) in the case of Reimbursement Obligations for which the LC Issuer
has not been fully indemnified by the Lenders or (iii) as otherwise specifically required hereunder) be applied ratably by the Administrative Agent among the Lenders. Each payment delivered to the Administrative Agent for the account of any
Lender shall be delivered promptly by the Administrative Agent to such Lender in the same type of funds that the Administrative Agent received at its address specified pursuant to Article XIII or at any Lending Installation specified in a
notice received by the Administrative Agent from such Lender. The Administrative Agent is hereby authorized to charge the account of the Borrower maintained with U.S. Bank for each payment of principal, interest, Reimbursement Obligations and fees
as it becomes due hereunder. Each reference to the Administrative Agent in this Section shall also be deemed to refer, and shall apply equally, to the LC Issuer, in the case of payments required to be made by the Borrower to the LC Issuer pursuant
to Section 2.17.6. 
 2.11. Evidence of Indebtedness. 

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

(b) The Administrative Agent shall also maintain accounts in which it will record (i) the amount of each Loan made
hereunder, the Type thereof and the Interest Period with respect thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder, (iii) the original stated
amount of each Facility LC and the amount of LC Obligations outstanding at any time and (iv) the amount of any sum received by the Administrative Agent hereunder from the Borrower and each Lender’s share thereof. 

(c) The entries in the accounts maintained pursuant to paragraphs (a) and (b) above shall be prima facie
evidence of the existence and amounts of the Obligations therein recorded; provided, however, that the failure of the Administrative Agent or any Lender to maintain such accounts or any error therein shall not in any manner affect the
obligation of the Borrower to repay the Obligations in accordance with their terms. 
 (d) Any Lender may request
that its Revolving Loans be evidenced by a promissory note substantially in the form of Exhibit D, or that its Term Loan be evidenced by a promissory note substantially in the form of Exhibit E in the case of the Swing Line
Lender, a promissory note substantially in the form Exhibit F (each a “Note”). In such event, the Borrower shall prepare, execute and deliver to such Lender such Notes payable to the order of such Lender. Thereafter, the
Loans evidenced by such Note and interest thereon shall at all times (prior to any assignment pursuant to Section 12.3) be represented by one or more Notes payable to the order of the payee named therein, except to the extent that any such
Lender subsequently returns any such Note for cancellation and requests that such Loans once again be evidenced as described in clauses (b)(i) and (ii) above. 

  
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 2.12. Telephonic Notices. The Borrower hereby authorizes the Lenders and the
Administrative Agent to extend, convert or continue Advances, effect selections of Types of Advances and transfer funds based on telephonic notices made by any person or persons the Administrative Agent or any Lender in good faith believes to be
acting on behalf of the Borrower, it being understood that the foregoing authorization is specifically intended to allow Borrowing Notices and Conversion/Continuation Notices to be given telephonically. The Borrower agrees to deliver promptly to the
Administrative Agent a written confirmation (which may be an e-mail confirmation) of each telephonic notice authenticated by an Authorized Officer. If the written confirmation differs in any material respect from the action taken by the
Administrative Agent and the Lenders, the records of the Administrative Agent and the Lenders shall govern absent manifest error. 
 2.13. Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Base Rate Advance shall be payable in arrears on the first Business Day of each month, commencing with the first such
date after the Restatement Date, and at maturity. Interest accrued on each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance is prepaid, whether by acceleration or
otherwise, and at maturity. Interest accrued on each Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on Base
Rate Advances shall be calculated based on the actual number of days elapsed on the basis of a 365/366-day year. Interest on Eurocurrency Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year. Interest shall be
payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance becomes due on a day
that is not a Business Day, such payment shall be made on the next succeeding Business Day; provided that if the next succeeding Business Day is in the next calendar month, such payment shall be made on the immediately preceding Business Day.

 2.14. Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof,
the Administrative Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Swing Line Borrowing Notice, Conversion/Continuation Notice and repayment notice. Promptly after notice from the LC
Issuer, the Administrative Agent will notify each Lender of the contents of each request for issuance of a Facility LC hereunder. The Administrative Agent will notify each Lender of the interest rate applicable to each Eurocurrency Advance promptly
upon determination of such interest rate and will give each Lender prompt notice of each change in the Base Rate. 
 2.15.
Lending Installations. Each Lender may book its Advances and its participation in any LC Obligations, and the LC Issuer may book the Facility LCs, at any Lending Installation selected by such Lender or the LC Issuer, as the case may be, and
any Lender or the LC Issuer may change its Lending Installation from time to time. All terms of this Agreement shall apply to any such Lending Installation, and the Loans, Facility LCs, participations in LC Obligations and any Notes issued hereunder
shall be deemed held by each Lender or the LC Issuer, as the case may be, for the benefit of any such Lending Installation. Each Lender and the LC Issuer may, by written notice to the Administrative Agent and the Borrower in accordance with
Article XIII, designate replacement or additional Lending Installations through which it will make Loans or issue Facility LCs and for whose account Loan payments or payments with respect to Facility LCs are to be made. 

  
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 2.16. 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 from and
including 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 Federal Funds Effective 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. 

2.17. Facility LCs. 
 2.17.1. Issuance. The LC Issuer hereby agrees, on the terms and conditions set forth in this Agreement, to issue (or continue) standby and commercial Letters of Credit denominated in Dollars
(including without limitation any and all Existing Facility LCs issued under the Existing Credit Agreement, each, a “Facility LC”) and to renew, extend, increase, decrease or otherwise modify each Facility LC
(“Modify,” and each such action a “Modification”), from time to time from and including the Restatement Date and prior to the Facility Termination Date upon the request of the Borrower; provided that
immediately after each such Facility LC is issued or Modified, (i) the aggregate Dollar amount of the outstanding LC Obligations shall not exceed $25,000,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Revolving
Availability. No Facility LC shall have an expiry date later than the earlier of (x) the fifth Business Day prior to the Facility Termination Date and (y) one year after its issuance; provided, however, that the expiry date of a
Facility LC may be up to one year later than the fifth Business Day prior to the Facility Termination Date if the Borrower has posted on or before the fifth Business Day prior to the Facility Termination Date cash collateral in the Facility LC
Collateral Account on terms satisfactory to the Administrative Agent in an amount equal to 105% of the LC Obligations with respect to such Facility LC. The Borrower, the Lenders and the LC Issuer each hereby agree and acknowledge that all
“Facility LCs” (as defined in the Existing Credit Agreement) issued under the Existing Credit Agreement and outstanding on the Restatement Date shall be deemed to be Facility LCs issued under, and subject to the terms and conditions of
this Agreement. 

  
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 2.17.2. Participations. Upon the issuance or Modification by the LC
Issuer of a Facility LC in accordance with this Section, the LC Issuer shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably sold to each Lender, and each Lender shall be deemed, without further action
by any party hereto, to have unconditionally and irrevocably purchased from the LC Issuer, a participation in such Facility LC (and each Modification thereof) and the related LC Obligations in proportion to its Revolving Percentage. 

2.17.3. Notice. Subject to Section 2.17.1, the Borrower shall give the Administrative Agent notice prior to
12:00 p.m. (Minneapolis time) at least three Business Days prior to the proposed date of issuance or Modification of each Facility LC, specifying the beneficiary, the proposed date of issuance (or Modification) and the expiry date of such Facility
LC, and describing the proposed terms of such Facility LC and the nature of the transactions proposed to be supported thereby. Upon receipt of such notice, the Administrative Agent shall promptly notify the LC Issuer and each Lender of the contents
thereof and of the amount of such Lender’s participation in such proposed Facility LC. The issuance or Modification by the LC Issuer of any Facility LC shall, in addition to the conditions precedent set forth in Article IV, be subject to
the conditions precedent that such Facility LC shall be satisfactory to the LC Issuer and that the Borrower shall have executed and delivered such application agreement and/or such other instruments and agreements relating to such Facility LC as the
LC Issuer shall have reasonably requested (each, a “Facility LC Application”). The LC Issuer shall have no independent duty to ascertain whether the conditions set forth in Article IV have been satisfied; provided, however,
that the LC Issuer shall not issue a Facility LC if, on or before the proposed date of issuance, the LC Issuer has received notice from the Administrative Agent or the Required Lenders that any such condition has not been satisfied or waived. In the
event of any conflict between the terms of this Agreement and the terms of any Facility LC Application, the terms of this Agreement shall control. 
 2.17.4. LC Fees. 
 (a) The Borrower shall pay to the LC
Issuer with respect to each Facility LC, a nonrefundable fronting fee in an amount equal to 0.125% per annum of the face amount of each such Facility LC (the “LC Fronting Fees”), and such LC Fronting Fees shall be due and payable on
the date of the issuance (or renewal, if applicable) of each Facility LC. 
 (b) The Borrower shall pay to the
Administrative Agent, for the account of the Lenders ratably in accordance with their respective Revolving Percentage, with respect to each Facility LC, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurocurrency Loans
in effect from time to time on the original face amount of the Facility LC for the period from the date of issuance to the scheduled expiration date of such Facility LC, such fee to be payable in arrears on the last day of each fiscal quarter (the
“LC Fee”). The Borrower shall also pay to the LC Issuer for its own account on demand all amendment, drawing and other fees regularly charged by the LC Issuer to its letter of credit customers and all out-of-pocket expenses
reasonably incurred by the LC Issuer in connection with the issuance, Modification, administration or payment of any Facility LC. 

  
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 2.17.5. Administration; Reimbursement by Lenders. Upon receipt from
the beneficiary of any Facility LC of any demand for payment under such Facility LC, the LC Issuer shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Borrower and each other Lender as to the amount to be
paid by the LC Issuer as a result of such demand and the proposed payment date (the “LC Payment Date”). The responsibility of the LC Issuer to the Borrower and each Lender shall be only to determine that the documents (including
each demand for payment) delivered under each Facility LC in connection with such presentment are in conformity in all material respects with such Facility LC. The LC Issuer shall endeavor to exercise the same care in the issuance and administration
of the Facility LCs as it does with respect to Letters of Credit in which no participations are granted, it being understood that in the absence of any gross negligence or willful misconduct by the LC Issuer, each Lender shall be unconditionally and
irrevocably liable, without regard to any Event of Default or any condition precedent whatsoever, to reimburse the LC Issuer on demand for (i) such Lender’s Revolving Percentage of the amount of each payment made by the LC Issuer under
each Facility LC to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.17.6 below and there are not funds available in the Facility LC Collateral Account to cover the same, plus (ii) interest on the foregoing
amount to be reimbursed by such Lender, for each day from the date of the LC Issuer’s demand for such reimbursement (or, if such demand is made after 12:00 p.m. (Minneapolis time) on such date, from the next succeeding Business Day) to the date
on which such Lender pays the amount to be reimbursed by it, at a rate of interest per annum equal to the Federal Funds Effective Rate for the first three days and, thereafter, at a rate of interest equal to the rate applicable to Base Rate
Advances. 
 2.17.6. Reimbursement by Borrower. The Borrower shall be irrevocably and unconditionally
obligated to reimburse the LC Issuer on or before the applicable LC Payment Date for any amounts required to be paid by the LC Issuer upon any drawing under any Facility LC, without presentment, demand, protest or other formalities of any kind;
provided that neither the Borrower nor any Lender shall hereby be precluded from asserting any claim for direct (but not consequential) damages suffered by the Borrower or such Lender to the extent, but only to the extent, caused by
(i) the willful misconduct or gross negligence of the LC Issuer in determining whether a request presented under any Facility LC complied with the terms of such Facility LC or (ii) the LC Issuer’s failure to pay under any Facility LC
issued by it after the presentation to it of a request complying with the terms and conditions of such Facility LC. All such amounts paid by the LC Issuer and remaining unpaid by the Borrower shall bear interest, payable on demand, for each day
until paid at a rate per annum equal to (x) the rate applicable to Base Rate Advances for such day if such day falls on or before the applicable LC Payment Date and (y) the sum of 2% plus the rate applicable to Base Rate Advances for such
day if such day falls after such LC Payment Date. The LC Issuer will pay to each Lender ratably in accordance with its Revolving Percentage all amounts received by it from the Borrower for application in payment, in whole or in part, of the
Reimbursement Obligation in respect of any Facility LC issued by the LC Issuer, but only to the extent such Lender has made payment to the LC Issuer in respect of such Facility LC pursuant to Section 2.17.5. Subject to the terms and conditions
of this Agreement (including without limitation the submission of a Borrowing Notice in compliance with Section 2.6 and the satisfaction of the applicable conditions precedent set forth in Article IV), the Borrower may request an Advance
hereunder for the purpose of satisfying any Reimbursement Obligation. 

  
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 2.17.7. Obligations Absolute. The Borrower’s obligations under
this Section shall be absolute and unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment that the Borrower may have or have had against the LC Issuer, any Lender or any beneficiary of a
Facility LC. The Borrower further agrees with the LC Issuer and the Lenders that the LC Issuer and the Lenders shall not be responsible for, and the Borrower’s Reimbursement Obligation in respect of any Facility LC shall not be affected by,
among other things, the validity or genuineness of documents or of any endorsements thereon, even if such documents in fact prove to be in any or all respects invalid, fraudulent or forged, or any dispute between or among the Borrower, any of its
Affiliates, the beneficiary of any Facility LC or any financing institution or other party to whom any Facility LC may be transferred or any claims or defenses whatsoever of the Borrower or of any of its Affiliates against the beneficiary of any
Facility LC or any such transferee. The LC Issuer shall not be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Facility LC except to
the extent determined in a final non-appealable judgment by a court of competent jurisdiction to be attributable to the gross negligence or willful misconduct of the LC Issuer. The Borrower agrees that any action taken or omitted by the LC Issuer or
any Lender under or in connection with each Facility LC and the related drafts and documents, if done without gross negligence or willful misconduct, shall be binding upon the Borrower and shall not put the LC Issuer or any Lender under any
liability to the Borrower. Nothing in this Section is intended to limit the right of the Borrower to make a claim against the LC Issuer for damages as contemplated by the proviso to the first sentence of Section 2.17.6. 

2.17.8. Actions of LC Issuer. The LC Issuer shall be entitled to rely, and shall be fully protected in relying,
upon any Facility LC, draft, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex, teletype or electronic mail message, statement, order or other document it reasonably believes to be genuine and
correct and to have been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel, independent accountants and other experts selected by the LC Issuer. The LC Issuer shall be fully justified in failing or
refusing to take any action under this Agreement unless it first receives such advice or concurrence of the Required Lenders as it reasonably deems appropriate or it is first indemnified to its reasonable satisfaction by the Lenders against any and
all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. Notwithstanding any other provision of this Section, the LC Issuer shall in all cases be fully protected by the Lenders in acting, or in
refraining from acting, under this Agreement in accordance with a request of the Required Lenders, and such request and any action taken or failure to act pursuant thereto shall be binding upon the Lenders and any future holders of a participation
in any Facility LC. 

  
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 2.17.9. Indemnification. The Borrower hereby agrees to indemnify and
hold harmless each Lender, the LC Issuer and the Administrative Agent, and their respective directors, officers, agents and employees, from and against any and all claims and damages, losses, liabilities, costs or expenses that such Lender, the LC
Issuer or the Administrative Agent may incur (or that may be claimed against such Lender, the LC Issuer or the Administrative Agent by any Person whatsoever) by reason of or in connection with the issuance, execution and delivery or transfer of or
payment or failure to pay under any Facility LC or any actual or proposed use of any Facility LC, including, without limitation, any claims, damages, losses, liabilities, costs or expenses that the LC Issuer may incur by reason of or in connection
with (i) the failure of any other Lender to fulfill or comply with its obligations to the LC Issuer hereunder (but nothing herein shall affect any rights the Borrower may have against any defaulting Lender) or (ii) by reason of or on
account of the LC Issuer issuing any Facility LC that specifies that the term “Beneficiary” included therein includes any successor by operation of law of the named Beneficiary, but which Facility LC does not require that any drawing by
any such successor Beneficiary be accompanied by a copy of a legal document, satisfactory to the LC Issuer, evidencing the appointment of such successor Beneficiary; provided that the Borrower shall not be required to indemnify any Lender,
the LC Issuer or the Administrative Agent for any claims, damages, losses, liabilities, costs or expenses to the extent, but only to the extent, caused by (x) the willful misconduct or gross negligence of the LC Issuer in determining whether a
request presented under any Facility LC complied with the terms of such Facility LC or (y) the LC Issuer’s failure to pay under any Facility LC after the presentation to it of a request complying with the terms and conditions of such
Facility LC. Nothing in this Section is intended to limit the obligations of the Borrower under any other provision of this Agreement. 
 2.17.10. Lenders’ Indemnification. Each Lender shall, in accordance with its Revolving Percentage, indemnify the LC Issuer, its affiliates and their respective directors, officers, agents and
employees (to the extent not reimbursed by the Borrower) against any cost, expense (including reasonable counsel fees and disbursements), claim, demand, action, loss or liability (except such as result from such indemnitees’ gross negligence or
willful misconduct or the LC Issuer’s failure to pay under any Facility LC after the presentation to it of a request complying with the terms and conditions of the Facility LC) that such indemnitees may suffer or incur in connection with this
Section or any action taken or omitted by such indemnitees hereunder. 
 2.17.11. Facility LC Collateral
Account. Following the occurrence of any of the events described in Sections 2.17.1, 2.20 or 8.1 with respect to a requirement of a Person to post cash collateral, the Borrower will, upon the request of the Administrative Agent or the Required
Lenders and until the final expiration date of any Facility LC and thereafter as long as any amount is payable to the LC Issuer or the Lenders in respect of any Facility LC, maintain a special collateral account pursuant to arrangements satisfactory
to the Administrative Agent (the “Facility LC Collateral Account”) in the name of such Borrower but under the sole dominion and control of the Administrative Agent, for the benefit of the Lenders in which such Borrower shall have no
interest other than as set forth in Section 8.1. The Borrower hereby pledges, assigns and grants to the Administrative Agent, on behalf of and for the ratable benefit of the Lenders and the LC Issuer, a security interest in all of the
Borrower’s right, title and interest in and to all funds that are from time to time on deposit in the Facility LC Collateral Account to secure the prompt and complete payment and performance of the Obligations. The Administrative Agent will
invest any funds on deposit from time to time in the Facility LC Collateral Account in certificates of deposit of U.S. Bank having a maturity not exceeding 30 days. Nothing in this Section shall either obligate the Administrative Agent to require
the Borrower to deposit any funds in the Facility LC Collateral Account or limit the right of the Administrative Agent to release any funds held in the Facility LC Collateral Account in each case other than as required by Section 8.1.

  
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 2.17.12. Rights as a Lender. In its capacity as a Lender, the LC
Issuer shall have the same rights and obligations as any other Lender. 
 2.18. Replacement of Lender. If the Borrower is
required pursuant to Section 3.1, 3.2 or 3.5 to make any additional payment to any Lender, if any Lender’s obligation to make or continue, or to convert Base Rate Advances into, Eurocurrency Advances is suspended pursuant to
Section 3.2(b) or 3.3, or if any Lender declines to approve an amendment or waiver approved by the Required Lenders but that otherwise requires unanimous consent of the Lenders, or if any Lender becomes a Defaulting Lender (any Lender so
affected an “Affected Lender”), the Borrower may elect, upon such default or declination or if such amounts continue to be charged or such suspension is still effective, to replace such Affected Lender as a Lender party to this
Agreement; provided, that the Borrower shall have elected to replace such Lender within 90 days of the date of the occurrence of the event or circumstance that gives rise to the right of the Borrower to elect to replace such Lender;
provided further, that no Default or Event of Default shall have occurred and be continuing at the time of such replacement, and provided further that, concurrently with such replacement, (i) another bank or other entity that is
reasonably satisfactory to the Borrower and the Administrative Agent shall agree, as of such date, to purchase for cash the Advances and other Obligations due to the Affected Lender pursuant to an assignment substantially in the form of
Exhibit B, to become a Lender for all purposes under this Agreement, to assume all obligations of the Affected Lender to be terminated as of such date and to comply with the requirements of Section 12.3 applicable to assignments,
and (ii) the Borrower shall pay to such Affected Lender in same day funds on the day of such replacement (A) all interest, fees and other amounts then accrued but unpaid to such Affected Lender by the Borrower hereunder to and including
the date of termination, including without limitation payments due to such Affected Lender under Sections 3.1, 3.2 and 3.5, and (B) an amount, if any, equal to the payment that would have been due to such Lender on the day of such replacement
under Section 3.4 had the Loans of such Affected Lender been prepaid on such date rather than sold to the replacement Lender. 

  
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 2.19. Limitation of Interest. The Borrower, the Administrative Agent and the Lenders
intend to strictly comply with all applicable laws, including applicable usury laws. Accordingly, the provisions of this Section shall govern and control over every other provision of this Agreement or any other Loan Document that conflicts or is
inconsistent with this Section, even if such provision declares that it controls. As used in this Section, the term “interest” includes the aggregate of all charges, fees, benefits or other compensation that constitute interest under
applicable law, provided that, to the maximum extent permitted by applicable law, (a) any non-principal payment shall be characterized as an expense or as compensation for something other than the use, forbearance or detention of money
and not as interest, and (b) all interest at any time contracted for, reserved, charged or received shall be amortized, prorated, allocated and spread, in equal parts during the full term of the Obligations. In no event shall the Borrower or
any other Person be obligated to pay, or any Lender have any right or privilege to reserve, receive or retain, (x) any interest in excess of the maximum amount of nonusurious interest permitted under the applicable laws (if any) of the United
States or of any applicable state, or (y) total interest in excess of the amount such Lender could lawfully have contracted for, reserved, received, retained or charged had the interest been calculated for the full term of the Obligations at
the Highest Lawful Rate. On each day, if any, that the interest rate (the “Stated Rate”) called for under this Agreement or any other Loan Document exceeds the Highest Lawful Rate, the rate at which interest shall accrue shall
automatically be fixed by operation of this sentence at the Highest Lawful Rate for that day, and shall remain fixed at the Highest Lawful Rate for each day thereafter until the total amount of interest accrued equals the total amount of interest
that would have accrued if there were no such ceiling rate as is imposed by this sentence. Thereafter, interest shall accrue at the Stated Rate unless and until the Stated Rate again exceeds the Highest Lawful Rate, at which time the provisions of
the immediately preceding sentence shall again automatically operate to limit the interest accrual rate. The daily interest rates to be used in calculating interest at the Highest Lawful Rate shall be determined by dividing the applicable Highest
Lawful Rate per annum by the number of days in the calendar year for which such calculation is being made. None of the terms and provisions of this Agreement or any other Loan Document that directly or indirectly relate to interest shall ever be
construed without reference to this Section, or be construed to create a contract to pay for the use, forbearance or detention of money at an interest rate in excess of the Highest Lawful Rate. If the term of any Obligation is shortened by reason of
acceleration of maturity as a result of any Event of Default or by any other cause, or by reason of any required or permitted prepayment, and if for that (or any other) reason any Lender at any time, including but not limited to the stated maturity,
is owed or receives (and/or has received) interest in excess of interest calculated at the Highest Lawful Rate, then and in any such event all of any such excess interest shall be canceled automatically as of the date of such acceleration,
prepayment or other event, and, if such excess interest has been paid to such Lender, it shall be credited pro tanto against the then-outstanding principal balance of the Borrower’s obligations to such Lender, effective as of the date or
dates when the event occurs that causes it to be excess interest, until such excess is exhausted or all of such principal has been fully paid and satisfied, whichever occurs first, and any remaining balance of such excess shall be promptly refunded
to its payor. 
 2.20. 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) fees shall cease to accrue on the unfunded portion of the Commitment of such Defaulting Lender pursuant to Section 2.3; 

(b) the Commitment and Outstanding Credit Exposure of such Defaulting Lender shall not be included in determining whether
all Lenders or the Required Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 8.3 other than any amendment that would increase the amount of the Commitment of such
Defaulting Lender), provided that any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that affects such Defaulting Lender differently than other affected Lenders shall require the consent of such
Defaulting Lender; 

  
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 (c) if any Swing Line Loans are outstanding or LC Obligations exist at the
time a Lender becomes a Defaulting Lender then: 
 (i) All or any part of any Defaulting Lender’s unfunded
participations in and commitments with respect to such Swing Line Loans or LC Obligations shall be reallocated among the non-Defaulting Lenders in accordance with their respective Revolving Percentages but only to the extent (x) the sum of all
non-Defaulting Lenders’ Revolving Credit Exposure plus such Defaulting Lender’s Revolving Loans and participations in and commitments with respect to Revolving Loans, Swing Line Loans and Facility LCs does not exceed the total of all
non-Defaulting Lender’s Revolving Commitments and (y) the conditions set forth in Article IV are satisfied at such time; provided, that the LC Fees payable to the Lenders shall be determined taking into account of such
reallocation. 
 (ii) if the reallocation described in clause (i) above cannot, or can only partially, be
effected, the Borrower shall, within one Business Day following notice by the Administrative Agent, (x) first, prepay a portion of such outstanding Swing Line Loans in an amount equal to such Defaulting Lender’s Swing Line Exposure and
(y) second, cash collateralize such Defaulting Lender’s Revolving Percentage of the LC Obligations in accordance with the procedures set forth in Section 8.1 for so long as such Facility LC Exposure is outstanding; 

(iii) if the Borrower cash collateralizes any portion of such Defaulting Lender’s Facility LC Exposure pursuant to
clause (ii) above, the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.17.4 with respect to such Defaulting Lender’s Facility LC Exposure during the period such Defaulting Lender’s
Facility LC Exposure is cash collateralized by the Borrower; and 
 (iv) if any Defaulting Lender’s Facility
LC Exposure is not cash collateralized pursuant to clause (iii) above, then, without prejudice to any rights or remedies of the LC Issuer or any Lender hereunder, all letter of credit fees payable under Section 2.17.4 with respect to such
Defaulting Lender’s Facility LC Exposure shall be payable to the LC Issuer until such Facility LC Exposure is cash collateralized; 
 (d) so long as any Lender is a Defaulting Lender, the LC Issuer shall not be required to issue or Modify any Facility LC, unless it is satisfied that the related exposure will be 100% covered by cash
collateral provided by the Defaulting Lender or the Borrower in accordance with Section 2.20(c); and 

  
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 (e) any amount payable to such Defaulting Lender hereunder (whether on
account of principal, interest, fees or otherwise and including any amount that would otherwise be payable to such Defaulting Lender pursuant to Section 11.2 but excluding Section 2.18) shall, in lieu of being distributed to such
Defaulting Lender, be retained by the Administrative Agent in a segregated account and, subject to any applicable requirements of law, be applied at such time or times as are determined by the Administrative Agent (i) first, to the payment of
any amounts owing by such Defaulting Lender to the Administrative Agent hereunder, (ii) second, pro rata, to the payment of any amounts owing by such Defaulting Lender to the LC Issuer or Swing Line Lender hereunder, (iii) third, to the
funding of any Revolving Loan or the funding or cash collateralization of any participating interest in any Swing Line Loan or Facility LC in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this
Agreement, as determined by the Administrative Agent, (iv) fourth, if so determined by the Administrative Agent and the Borrower, held in such account as cash collateral for future funding obligations of the Defaulting Lender under this
Agreement, (v) fifth, pro rata, to the payment of any amounts owing to the Borrower or the Lenders as a result of any judgment of a court of competent jurisdiction obtained by the Borrower or any Lender against such Defaulting Lender as a
result of such Defaulting Lender’s breach of its obligations under this Agreement, (vi) sixth, if so determined by the Administrative Agent, distributed to the Lenders other than the Defaulting Lender until the ratio of the Outstanding
Credit Exposure of such Lenders to the Aggregate Outstanding Exposure equals such ratio immediately prior to the Defaulting Lender’s failure to fund any portion of any Loans or participations in Facility LCs or Swing Line Loans and
(vii) seventh, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided, that if such payment is (x) a prepayment of the principal amount of any Loans or Reimbursement Obligations in respect of
draws under Facility LCs with respect to which the LC Issuer has funded its participation obligations and (y) made at a time when the conditions set forth in Section 4.2 are satisfied, such payment shall be applied solely to prepay the
Loans of, and Reimbursement Obligations owed to, all Lenders that are not Defaulting Lenders pro rata prior to being applied to the prepayment of any Loans, or Reimbursement Obligations owed to, any Defaulting Lender. 

In the event that the Administrative Agent, the Borrower, the LC Issuer and the Swing Line Lender each agree that a Defaulting Lender has
adequately remedied all matters that caused it to be a Defaulting Lender, then the Swing Line Exposure and Facility LC Exposure of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment and on such date such Lender
shall purchase at par such of the Loans of the other Lenders as the Administrative Agent determines necessary for such Lender to hold the Revolving Loans in accordance with its Revolving Percentage. For purposes of this Section, (x) “Swing
Line Exposure” means, with respect to any Defaulting Lender at any time, such Defaulting Lender’s Revolving Percentage of the aggregate principal amount of all Swing Line Loans outstanding at such time and (y) “Facility LC
Exposure” means with respect to any Defaulting Lender at any time, such Defaulting Lender’s Revolving Percentage of the LC Obligations at such time. 
 Nothing in the foregoing shall be deemed to constitute a waiver by the Borrower of any of its rights or remedies (whether in equity or law) against any Lender that fails to fund any of its Loans hereunder
at the time or in the amount required to be funded under the terms of this Agreement. 

  
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 2.21. Swing Line Loans.  

(a) Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 4.2
and, if such Swing Line Loan is to be made on the Restatement Date, the satisfaction of the conditions precedent set forth in Section 4.1, from and including the Restatement Date and prior to the Facility Termination Date, the Swing Line Lender
may, at its option and in its sole discretion, on the terms and conditions set forth in this Agreement, make Swing Line Loans in Dollars to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Sublimit,
provided that the Aggregate Revolving Credit Exposure shall not at any time exceed the Aggregate Revolving Commitment, and provided further that at no time shall the sum of (i) the Swing Line Loans, plus (ii) the outstanding
Revolving Loans made by the Swing Line Lender pursuant to Section 2.1, plus (iii) the Swing Line Lender’s Revolving Percentage of the LC Obligations, exceed the Swing Line Lender’s Revolving Commitment at such time.
Subject to the terms of this Agreement (including without limitation the discretion of the Swing Line Lender), the Borrower may borrow, repay and reborrow Swing Line Loans at any time prior to the Facility Termination Date. The Borrower, the Lenders
and the Swing Line Lender each hereby agree and acknowledge that the Existing Swing Line Loans shall be deemed to be Swing Line Loans made under, and subject to the terms and conditions of this Agreement. 

(b) Borrowing Notice. The Borrower shall deliver to the Administrative Agent and the Swing Line Lender irrevocable
notice (a “Swing Line Borrowing Notice”) not later than noon (Minneapolis time) on the Borrowing Date of each Swing Line Loan specifying (i) the applicable Borrowing Date (which shall be a Business Day) and (ii) the
aggregate amount of the requested Swing Line Loan, which shall not be less than $100,000. 
 (c) Making of
Swing Line Loans; Participations. Not later than 2:00 p.m. (Minneapolis time) on the applicable Borrowing Date, the Swing Line Lender shall make available the Swing Line Loan, in funds immediately available, to the Administrative Agent at its
address specified pursuant to Article XIII. The Administrative Agent will promptly make such funds available to the Borrower on the Borrowing Date at such address. Each time the Swing Line Lender makes a Swing Line Loan pursuant to this
Section, the Swing Line Lender shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably sold to each Lender and each Lender shall be deemed, without further action by any party hereto, to have
unconditionally and irrevocably purchased from the Swing Line Lender a participation in such Swing Line Loan in proportion to its Revolving Percentage. 

  
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 (d) Repayment of Swing Line Loans. The Borrower shall pay each Swing
Line Loan in full on the date selected by the Administrative Agent. In addition, the Swing Line Lender may at any time in its sole discretion with respect to any outstanding Swing Line Loan require each Lender to fund the participation acquired by
such Lender pursuant to Section 2.21(c) or require each Lender (including the Swing Line Lender) to make a Revolving Loan in the amount of such Lender’s Revolving Percentage of such Swing Line Loan (including, without limitation, any
interest accrued and unpaid thereon) for the purpose of repaying such Swing Line Loan. Not later than noon (Minneapolis time) on the date of any notice received pursuant to this Section, each Lender shall make available its required Revolving Loan,
in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. Revolving Loans made pursuant to this Section shall initially be Base Rate Loans and thereafter may be continued as Base Rate Loans or
converted into Eurocurrency Loans in the manner provided in Section 2.7 and subject to the other conditions and limitations set forth in this Article II. Unless a Lender notifies the Swing Line Lender, prior to its making any Swing Line
Loan, that any applicable condition precedent set forth in Section 4.1 or 4.2 has not been satisfied, such Lender’s obligation to make Revolving Loans pursuant to this Section to repay Swing Line Loans or to fund the participation acquired
pursuant to Section 2.21(c) shall be unconditional, continuing, irrevocable and absolute and shall not be affected by any circumstances, including, without limitation, (a) any set-off, counterclaim, recoupment, defense or other right that
such Lender may have against the Borrower, the Administrative Agent, the Swing Line Lender or any other Person, (b) the occurrence or continuance of a Default or Event of Default, (c) any adverse change in the condition (financial or
otherwise) of the Borrower, or (d) any other circumstances, happening or event whatsoever. In the event that any Lender fails to make payment to the Administrative Agent of any amount due under this Section, interest shall accrue thereon at the
Federal Funds Effective Rate for each day during the period commencing on the date of demand and ending on the date such amount is received, and the Administrative Agent shall be entitled to receive, retain and apply against such obligation the
principal and interest otherwise payable to such Lender hereunder until the Administrative Agent receives such payment from such Lender or such obligation is otherwise fully satisfied. On the Facility Termination Date, the Borrower shall repay in
full the outstanding principal balance of the Swing Line Loans. 
 ARTICLE III 

YIELD PROTECTION; TAXES 
 3.1. Yield Protection. If, on or after the Restatement Date, the adoption of any law or any governmental or quasi-governmental rule, regulation, policy, guideline or directive (whether or not
having the force of law), any change in the interpretation, promulgation, implementation or administration thereof, including, notwithstanding the foregoing, all requests, rules, guidelines or directives in connection with the Dodd-Frank Wall Street
Reform and Consumer Protection Act regardless of the date enacted, adopted or issued and all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any
successor or similar authority) or the United States financial regulatory authorities, in each case pursuant to Basel III, regardless of the date adopted, issued, promulgated or implemented, by any governmental or quasi-governmental authority,
central bank or comparable agency charged with the interpretation or administration thereof or compliance by any Lender or applicable Lending Installation or the LC Issuer with any request or directive (whether or not having the force of law) of any
such authority, central bank or comparable agency related to such new adoption, interpretation or decision (a “Regulatory Change”): 

  
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 (a) subjects any Lender or applicable Lending Installation or the LC Issuer
to any Taxes, or changes the basis of taxation of payments (other than with respect to Excluded Taxes) to any Lender or the LC Issuer in respect of its Eurocurrency Loans, Facility LCs or participations therein, 

(b) imposes, increases or deems applicable any reserve, assessment, insurance charge, special deposit or similar
requirement against assets of, deposits with or for the account of, or credit extended by, any Lender or applicable Lending Installation or the LC Issuer (other than reserves and assessments taken into account in determining the interest rate
applicable to Eurocurrency Advances), or 
 (c) imposes any other condition the result of which is to increase
the cost to any Lender or applicable Lending Installation or the LC Issuer of making, funding or maintaining its Eurocurrency Loans, or of issuing or participating in Facility LCs, reduces any amount receivable by any Lender or applicable Lending
Installation or the LC Issuer in connection with its Eurocurrency Loans, Facility LCs or participations therein, or requires any Lender or applicable Lending Installation or the LC Issuer to make any payment calculated by reference to the amount of
Eurocurrency Loans, Facility LCs or participations therein held or interest or LC Fees received by it, by an amount deemed material by such Lender or the LC Issuer as the case may be, 
 and the result of any of the foregoing is to increase the cost to such Lender or applicable Lending Installation or the LC Issuer, as the case may be, of making or maintaining its Eurocurrency Loans or
Commitment or of issuing or participating in Facility LCs or to reduce the return received by such Lender or applicable Lending Installation or the LC Issuer, as the case may be, in connection with such Eurocurrency Loans or Commitment, Facility LCs
or participations therein, then, within 15 days of demand by such Lender or the LC Issuer, as the case may be, the Borrower shall pay such Lender or the LC Issuer, as the case may be, such additional amounts as will compensate such Lender or the LC
Issuer, as the case may be, for such increased cost or reduction in amount received. 
 3.2. Changes in Capital Adequacy
Regulations.  
 (a) If any Lender or the LC Issuer reasonably determines the amount of capital or liquidity
required or expected to be maintained by such Lender or the LC Issuer, any Lending Installation of such Lender or the LC Issuer or any corporation controlling such Lender or the LC Issuer is increased as a result of a Change, then, within 15 days of
demand by such Lender or the LC Issuer, the Borrower shall pay such Lender or the LC Issuer the amount necessary to compensate for any shortfall in the rate of return on the portion of such increased capital that such Lender or the LC Issuer
determines is attributable to this Agreement, its Outstanding Credit Exposure or its Commitment to make Loans and issue or participate in Facility LCs, as the case may be, hereunder (after taking into account such Lender’s or the LC
Issuer’s policies as to capital adequacy). “Change” means (i) any change after the Restatement Date in the Risk-Based Capital Guidelines or (ii) any adoption of or change in any other law, governmental or quasi-governmental
rule, regulation, policy, guideline, interpretation or directive (whether or not having the force of law) or in the interpretation, promulgation, implementation or 

  
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administration thereof after the Restatement Date that affects the amount of capital required or expected to be maintained by any Lender, the LC Issuer, any Lending Installation or any
corporation controlling any Lender or the LC Issuer. Notwithstanding the foregoing, for purposes of this Agreement, all requests, rules, guidelines or directives in connection with the Dodd-Frank Wall Street Reform and Consumer Protection Act shall
be deemed to be a Change regardless of the date enacted, adopted or issued and all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or
similar authority) or the United States financial regulatory authorities, in each case pursuant to Basel III, shall be deemed to be a Change regardless of the date adopted, issued, promulgated or implemented. “Risk-Based Capital
Guidelines” means (i) the risk-based capital guidelines in effect in the United States on the Restatement Date, including transition rules, and (ii) the corresponding capital regulations promulgated by regulatory authorities outside
the United States, including transition rules, and any amendments to such regulations adopted prior to the Restatement Date. 
 (b) If any Lender determines that any Change has made it unlawful for such Lender or its applicable Lending Installation to make, maintain or fund Eurocurrency Advances, or to determine or charge interest
rates based upon the Eurocurrency Base Rate, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, (i) any obligation of such Lender to make or continue, or to convert any Advances to, Eurocurrency Advances
shall be suspended, and (ii) if such notice asserts the illegality of such Lender making or maintaining Base Rate Advances the interest rate on which is determined by reference to the Eurocurrency Rate component of the Base Rate, the interest
rate on which Base Rate Advances of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurocurrency Rate component of the Base Rate, in each case until such Lender notifies
the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (x) the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent),
prepay or, if applicable, convert all Eurocurrency Advances of such Lender to Base Rate Advances (the interest rate on which Base Rate Advances of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent
without reference to the Eurocurrency Rate component of the Base Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Advances to such day, or immediately, if such Lender
may not lawfully continue to maintain such Eurocurrency Advances and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon the Eurocurrency Rate, the Administrative Agent shall during the
period of such suspension compute the Base Rate applicable to such Lender without reference to the Eurocurrency Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender
to determine or charge interest rates based upon the Eurocurrency Rate. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 

  
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 3.3. Availability of Types of Advances; Adequacy of Interest Rate. If the
Administrative Agent or the Required Lenders reasonably determine that deposits of a type and maturity appropriate to match fund Eurocurrency Advances are not available to such Lenders in the relevant market or the Administrative Agent, in
consultation with the Lenders, reasonably determines that the interest rate applicable to Eurocurrency Advances is not ascertainable or does not adequately and fairly reflect the cost of making or maintaining Eurocurrency Advances, then the
Administrative Agent shall suspend the availability of Eurocurrency Advances and require any affected Eurocurrency Advances to be repaid or converted to Base Rate Advances, subject to the payment of any funding indemnification amounts required by
Section 3.4. 
 3.4. Funding Indemnification. If any payment of a Eurocurrency Advance occurs on a date that is not
the last day of the applicable Interest Period, whether because of acceleration, prepayment or otherwise, or a Eurocurrency Advance is not made on the date specified by the Borrower for any reason other than default by the Lenders, the Borrower will
indemnify each Lender for such Lender’s reasonable costs, expenses and Interest Differential (as reasonably determined by such Lender) incurred as a result of such prepayment. “Interest Differential” means the greater of zero and the
financial loss incurred by the Lender resulting from prepayment, calculated as the difference between the amount of interest such Lender would have earned (from the investments in money markets as of the Borrowing Date of such Advance) had
prepayment not occurred and the interest such Lender will actually earn (from like investments in money markets as of the date of prepayment) as a result of the redeployment of funds from the prepayment. Because of the short-term nature of this
facility, Borrower agrees that Interest Differential shall not be discounted to its present value. 
 3.5. Taxes. 

 (a) All payments by the Borrower to or for the account of any Lender, the LC Issuer or the Administrative
Agent hereunder or under any Note or Facility LC Application shall be made free and clear of and without deduction for any and all Taxes. If the Borrower is required by law to deduct any Taxes from or in respect of any sum payable hereunder to any
Lender, the LC Issuer or the Administrative Agent, (a) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) such Lender, the
LC Issuer or the Administrative Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (b) the Borrower shall make such deductions, (c) the Borrower shall pay the full amount
deducted to the relevant authority in accordance with applicable law and (d) the Borrower shall furnish to the Administrative Agent the original copy of a receipt evidencing payment thereof within 30 days after such payment is made. 

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

  
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 (c) The Borrower hereby agrees to indemnify the Administrative Agent, the LC
Issuer and each Lender for the full amount of Taxes or Other Taxes (including, without limitation, any Taxes or Other Taxes imposed on amounts payable under this Section) paid by the Administrative Agent, the LC Issuer or such Lender as a result of
its Commitment or any Loans made by it hereunder or otherwise in connection with its participation in this Agreement and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto. Payments due under this
indemnification shall be made within 30 days after the Administrative Agent, the LC Issuer or such Lender makes demand therefor pursuant to Section 3.6. 
 (d) Each Lender that is not incorporated under the laws of the United States of America or a state thereof (each a “Non-U.S. Lender”) agrees that it will, not more than ten Business Days
after the Restatement Date (or within ten Business Days of any Person becoming a Lender pursuant to Section 12.3), (i) deliver to the Administrative Agent (and upon request, the Borrower) two duly completed copies of United States Internal
Revenue Service Form W-8BEN or W-8ECI, certifying in either case that such Lender is entitled to receive payments under this Agreement without deduction or withholding of any United States federal income taxes, and (ii) deliver to the
Administrative Agent a United States Internal Revenue Form W-8 or W-9, as the case may be, and certify that it is entitled to an exemption from United States backup withholding tax. Each Non-U.S. Lender further undertakes to deliver to each of the
Borrower and the Administrative Agent (x) renewals or additional copies of such form (or any successor form) on or before the date that such form expires or becomes obsolete, and (y) after any event requiring a change in the most recent
forms so delivered by it, such additional forms or amendments thereto as may be reasonably requested by the Borrower or the Administrative Agent. All forms or amendments described in the preceding sentence shall certify that such Lender is entitled
to receive payments under this Agreement without deduction or withholding of any United States federal income taxes, unless an event (including without limitation any change in treaty, law or regulation) has occurred prior to the date on
which any such delivery would otherwise be required that renders all such forms inapplicable or that would prevent such Lender from duly completing and delivering any such form or amendment with respect to it and such Lender advises the Borrower and
the Administrative Agent that it is not capable of receiving payments without any deduction or withholding of United States federal income tax. 
 (e) For any period during which a Non-U.S. Lender has failed to provide the Borrower with an appropriate form pursuant to clause (d) above (unless such failure is due to a change in treaty, law or
regulation, or any change in the interpretation or administration thereof by any governmental authority, occurring subsequent to the date on which a form originally was required to be provided), such Non-U.S. Lender shall not be entitled to
indemnification under this Section with respect to Taxes imposed by the United States; provided that, should a Non-U.S. Lender that is otherwise exempt from or subject to a reduced rate of withholding tax become subject to Taxes because of
its failure to deliver a form required under clause (d), above, the Borrower shall take such steps as such Non-U.S. Lender reasonably requests to assist such Non-U.S. Lender to recover such Taxes. 

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

  
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 (g) If the U.S. Internal Revenue Service or any other governmental authority
of the United States or any other country or any political subdivision thereof asserts a claim that the Administrative Agent did not properly withhold tax from amounts paid to or for the account of any Lender (because the appropriate form was not
delivered or properly completed, because such Lender failed to notify the Administrative Agent of a change in circumstances that rendered its exemption from withholding ineffective or for any other reason), such Lender shall indemnify the
Administrative Agent fully for all amounts paid, directly or indirectly, by the Administrative Agent as tax, withholding therefor or otherwise, including penalties and interest, and including taxes imposed by any jurisdiction on amounts payable to
the Administrative Agent under this subsection (vii), together with all costs and expenses related thereto (including attorneys’ fees and time charges of attorneys for the Administrative Agent, which attorneys may be employees of the
Administrative Agent). The obligations of the Lenders under this Section shall survive the payment of the Obligations and termination of this Agreement. 
 (h) 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 fails to comply with the applicable reporting requirements of
FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent (i) a certification signed by the chief financial officer, principal
accounting officer, treasurer or controller of such Lender, and (ii) other documentation reasonably requested by the Borrower and the Administrative Agent sufficient for the Administrative Agent and the Borrower to comply with their obligations
under FATCA and to determine that such Lender has complied with such applicable reporting requirements. 
 3.6. Lender
Statements; Survival of Indemnity. To the extent reasonably possible, each Lender shall designate an alternate Lending Installation with respect to its Eurocurrency Loans to reduce any liability of the Borrower to such Lender under Sections 3.1,
3.2 and 3.5 or to avoid the unavailability of Eurocurrency Advances under Section 3.3, so long as such designation is not, in the reasonable judgment of such Lender, disadvantageous to such Lender. Each Lender shall deliver a written statement
of such Lender to the Borrower (with a copy to the Administrative Agent) as to the amount due, if any, under Section 3.1, 3.2, 3.4 or 3.5. Such written statement shall set forth in reasonable detail the calculations upon which such Lender
determined such amount and shall be final, conclusive and binding on the Borrower in the absence of manifest error. Determination of amounts payable under such Sections in connection with a Eurocurrency Loan shall be calculated as though each Lender
funded its Eurocurrency Loan through the purchase of a deposit of the type and maturity corresponding to the deposit used as a reference in determining the Eurocurrency Rate applicable to such Loan, whether in fact that is the case or not. Unless
otherwise provided herein, the amount specified in the written statement of any Lender shall be payable on demand after receipt by the Borrower of such written statement. The obligations of the Borrower under Sections 3.1, 3.2, 3.4 and 3.5 shall
survive payment of the Obligations and termination of this Agreement. 

  
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 ARTICLE IV 
 CONDITIONS PRECEDENT 
 4.1. Initial Credit Extension. The
making of the initial Loans under this Agreement, and if applicable the issuance of the initial Facility LCs under this Agreement, shall be subject to the prior or simultaneous fulfillment of the following conditions: 

4.1.1. Documents. The Administrative Agent shall have received the following in sufficient counterparts (except for
the Notes) for each Lender: 
 (a) This Agreement, duly executed by the Borrower. 

(b) Notes drawn to the order of each Lender that has requested a Note, executed by an Authorized Officer and dated the
Restatement Date. 
 (c) The Third Amended and Restated Guaranty, duly executed by the Guarantors. 

(d) The Collateral Documents, including without limitation the Security Agreement and a collateral assignment of
intellectual property from the Borrower and each Domestic Subsidiary that owns federally registered intellectual property with respect to which a collateral assignment has not previously been delivered, duly executed by the Borrower and each
Domestic Subsidiary, together with: 
 (i) completed UCC, tax lien, and judgment searches for the Borrower and
such Domestic Subsidiaries satisfactory to the Administrative Agent; and 
 (ii) copies of the original
certificates with respect to any Equity Interests specifically pledged under the Security Agreement and not previously delivered together with stock powers in the form prescribed by the Administrative Agent and duly executed in blank with the
originals to be sent by overnight mail to the Administrative Agent or its designee immediately after the Restatement Date. 
 (e) The Reaffirmation of Advisory Fee Subordination Agreement, duly executed by the Advisor. 
 (f) A certificate of the Secretary or Assistant Secretary (or other appropriate officer) of the Borrower and each Domestic Subsidiary dated as of the Restatement Date and certifying as to the following:

 (i) A true and accurate copy of the resolutions or unanimous written consent of the Borrower or such
Subsidiary, as applicable, authorizing the execution, delivery, and performance of the Loan Documents to which it is a party; 

  
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 (ii) The incumbency, names, titles, and signatures of the officers of such
Person authorized to execute the Loan Documents to which such Person is a party and, as to the Borrower, to request Loans and the issuance of Facility LCs; 
 (iii) A true and accurate copy of the articles of incorporation, certificate of formation, certificate of partnership or other equivalent documents of such Person with all amendments thereto, certified by
the appropriate governmental official of the jurisdiction of its organization as date reasonably acceptable to the Administrative Agent, or with respect to such documents previously delivered to the Administrative Agent in connection with the
Existing Credit Agreement, if applicable, a certification that such previously delivered documents are in full force and effect and have not been amended, supplemented, modified or revoked in any way; and 

(iv) A true and accurate copy of the bylaws, operating agreement or partnership agreement of such Person, or with respect
to such documents previously delivered to the Administrative Agent in connection with the Existing Credit Agreement, if applicable, a certification that such previously delivered documents are in full force and effect and have note been amended,
supplemented, modified or revoked in any way. 
 (g) Certificates of current status or good standing for the
Borrower and each Domestic Subsidiary in its respective jurisdiction of organization and a certificate of good standing or qualification in each state in which each such Person is qualified to carry on its business as presently conducted, in each
case as of a date reasonably acceptable to the Administrative Agent. 
 (h) Evidence satisfactory to the
Administrative Agent that all other Indebtedness of the Borrower and the Subsidiaries (other than Indebtedness permitted to remain outstanding after the Restatement Date) has been repaid or will be repaid with the proceeds of the Loans funded on the
Restatement Date. 
 (i) A certificate dated the Restatement Date of an Authorized Officer certifying as to the
matters set forth in Section 4.2(a) and (b). 
 (j) Insurance certificates, as applicable, in form and
substance acceptable to the Administrative Agent and listing the Administrative Agent as an additional insured with respect to liability insurance, with appropriate endorsements or policy language to be provided within 45 days after the Restatement
Date, in each case indicating that the Borrower and its Subsidiaries are insured by insurance of the types set forth in Section 6.7. 
 (k) Copies of projections of the Borrower, giving pro forma effect to the transactions contemplated under this Agreement, demonstrating, to the Administrative Agent’s reasonable satisfaction, the
solvency of the Borrower and each of its subsidiaries in compliance with this Agreement. 

  
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 (l) Copies of any environmental surveys or reports held or possessed by the
Borrower or any of the Subsidiaries relating to the real property owned or leased by the Borrower, and not previously delivered to the Administrative Agent in connection with the Existing Credit Agreement, in each case, as deemed reasonably
necessary or prudent by the Administrative Agent in scope and results reasonably acceptable to the Administrative Agent. 
 (m) An executed initial Borrowing Notice from the Borrower and sources and uses of funds attached thereto as Exhibit A (the “Restatement Date Funds Flow”) with respect to all Loans
and disbursements requested on the Restatement Date. 
 (n) Evidence satisfactory to the lender of expiration of
all applicable waiting periods without any action being taken by any authority that could restrain, prevent or impose any Material Adverse Effect on the Borrower and its Subsidiaries, and no law or regulation shall be applicable which in the
reasonable judgment of the Administrative Agent could have such effect. 
 4.1.2. Opinions. The Borrower
shall have requested its counsel to prepare written opinions, addressed to the Lenders and dated the Restatement Date, in form and substance reasonably acceptable to the Administrative Agent with respect to the Borrower and the Subsidiaries, and
such opinions shall have been delivered to the Administrative Agent in sufficient counterparts for each Lender. 

4.1.3. Compliance. The Borrower shall have performed and complied with all agreements, terms and conditions in this
Agreement required to be performed or complied with by the Borrower prior to or simultaneously with the closing of the transactions contemplated hereby. 
 4.1.4. Other Matters. All corporate and legal proceedings relating to the Borrower and its Subsidiaries and all instruments and agreements in connection with the transactions contemplated by this
Agreement shall be reasonably satisfactory in scope, form and substance to the Administrative Agent, the Lenders and the Administrative Agent’s special counsel, and the Administrative Agent shall have received all information and copies of all
documents, including records of corporate proceedings, that any Lender or such special counsel has reasonably requested in connection therewith, such documents where appropriate to be certified by proper corporate or governmental authorities.

 4.1.5. Fees and Expenses. The Administrative Agent shall have received executed a copy of the U.S. Bank
Fee Letter and shall have received for itself and for the account of the Lenders all Existing Interest and Fees and any other reasonably documented fees and other amounts due and payable by the Borrower on or prior to the Restatement Date, including
pursuant to the U.S. Bank Fee Letter or under the Existing Credit Agreement and the reasonable fees and expenses of counsel to the Administrative Agent payable pursuant to Section 9.6. 

  
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 4.2. Each Credit Extension. The Lenders shall not (except as otherwise set forth in
Section 2.21(d) with respect to Revolving Loans for the purpose of repaying Swing Line Loans) be required to make any Credit Extension unless on the applicable Borrowing Date: 

(a) There exists no Default or Event of Default. 

(b) The representations and warranties in Article V are true and correct as of such Borrowing Date except to the
extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct on and as of such earlier date. 

Each Borrowing Notice, Swing Line Borrowing Notice and request for issuance of a Facility LC with respect to each such Credit Extension
shall constitute a representation and warranty by the Borrower that the conditions in Sections 4.2(a) and (b) have been satisfied. 
 ARTICLE V 
 REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants to the Lenders that: 
 5.1. Existence and Standing. Each of the Borrower and its Subsidiaries is a corporation, partnership (in the case of Subsidiaries only) or limited liability company duly and properly incorporated
or organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization and has all requisite authority to conduct its business
in each jurisdiction in which it conducts its business. 
 5.2. Authorization and Validity. The Borrower has the power
and authority and legal right to execute and deliver the Loan Documents to which it is a party and to perform its obligations thereunder. The execution and delivery by the Borrower of the Loan Documents to which it is a party and the performance of
its obligations thereunder have been duly authorized by proper corporate proceedings, and the Loan Documents to which the Borrower is a party constitute legal, valid and binding obligations of the Borrower enforceable against the Borrower in
accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally. 

  
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 5.3. No Conflict; Government Consent. Neither the execution and delivery by the
Borrower of the Loan Documents to which it is a party, nor the consummation of the transactions therein contemplated, nor compliance with the provisions thereof will violate (i) any law, rule, regulation, order, writ, judgment, injunction,
decree or award binding on the Borrower or any of its Subsidiaries, (ii) the Borrower’s or any Subsidiary’s articles or certificate of incorporation, partnership agreement, certificate of partnership, articles or certificate of
organization, bylaws or operating or other management agreement, as the case may be or (iii) the provisions of any indenture, instrument or agreement to which the Borrower or any of its Subsidiaries is a party or is subject, or by which it, or
its Property, is bound, or conflict with or constitute a default thereunder (other than to the extent that such conflict or default could not reasonably be expected to have a Material Adverse Effect), or result in, or require, the creation or
imposition of any Lien in, of or on the Property of the Borrower or a Subsidiary pursuant to the terms of any such indenture, instrument or agreement. No order, consent, adjudication, approval, license, authorization or validation of, filing,
recording or registration with, exemption by or other action in respect of any governmental or public body or authority, or any subdivision thereof, that has not been obtained by the Borrower or any of its Subsidiaries is required to be obtained by
the Borrower or any of its Subsidiaries in connection with the execution and delivery of the Loan Documents, the borrowings under this Agreement, the payment and performance by the Borrower of the Obligations or the legality, validity, binding
effect or enforceability of any of the Loan Documents. 
 5.4. Financial Statements. The December 31, 2009,
December 31, 2010, and December 31, 2011 consolidated financial statements and the March 31, 2012 unaudited financial statements of the Borrower and its Subsidiaries heretofore delivered to the Lenders were prepared in accordance with
GAAP in effect on the date such statements were prepared and fairly present in all material respects the consolidated financial condition and operations of the Borrower and its Subsidiaries at such dates and the consolidated results of their
operations for the periods then ended. The financial projections delivered pursuant to Section 4.1.1(k) were prepared in good faith and are based on reasonable assumptions as to the Borrower and its Subsidiaries after giving effect to the
consummation of this Agreement and the transactions contemplated herein. The consolidated pro forma balance sheet of the Borrower and its Subsidiaries as at the Restatement Date, adjusted to give effect to the transactions contemplated by the Loan
Documents and the financings contemplated hereby as if such transactions had occurred on such date , is consistent in all material respects with such projections. 
 5.5. Material Adverse Change. Since December 31, 2011, there has been no change in the business, Property, financial condition or results of operations of the Borrower and its Subsidiaries
that could reasonably be expected to have a Material Adverse Effect. 
 5.6. Taxes. Each of the Borrower and its
Subsidiaries (with respect to each Subsidiary before the date it became a Subsidiary, to the knowledge of the Borrower and its Subsidiaries) has filed all United States federal tax returns and all other material tax returns that are required to be
filed and has paid all taxes due pursuant to said returns or pursuant to any assessment received by the Borrower or any of its Subsidiaries, except such taxes, if any, as are being contested in good faith, as to which adequate reserves have been
provided in accordance with GAAP and as to which no Lien exists. No tax liens have been filed and no claims are being asserted with respect to any such taxes. The charges, accruals and reserves on the books of the Borrower and its Subsidiaries in
respect of any taxes or other governmental charges are adequate. Neither the Borrower nor any Subsidiary has participated in any transaction that relates to a year of the taxpayer (which is still open under the applicable statute of limitations)
that is a “reportable transaction” within the meaning of Treasury Regulation § 1.6011-4(b)(2) (irrespective of the date when the transaction was entered into). 

  
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 5.7. Litigation and Contingent Obligations. There is no litigation, arbitration,
governmental investigation, proceeding or inquiry pending or, to the knowledge of any of their officers, threatened against or affecting the Borrower or any of its Subsidiaries (with respect to each Subsidiary before the date it became a Subsidiary,
to the knowledge of the Borrower and its Subsidiaries) that could reasonably be expected to have a Material Adverse Effect or that seeks to prevent, enjoin or delay the making of any Credit Extensions. Other than any liability incident to any
litigation, arbitration or proceeding that could not reasonably be expected to have a Material Adverse Effect, the Borrower has no material contingent obligations not provided for or disclosed in the financial statements referred to in
Section 5.4. 
 5.8. Subsidiaries. Schedule 5.8 contains an accurate list of all Subsidiaries of the
Borrower as of the Restatement Date (after giving effect to any Acquisition consummated on the Restatement Date), setting forth their respective jurisdictions of organization and the percentage of their respective capital stock or other ownership
interests owned by the Borrower or other Subsidiaries. All of the issued and outstanding shares of capital stock or other ownership interests of such Subsidiaries have been (to the extent such concepts are relevant with respect to such ownership
interests) duly authorized and issued and are fully paid and non-assessable. 
 5.9. ERISA. No ERISA Event has
occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect.  

5.10. Accuracy of Information. No information, exhibit or report furnished by the Borrower or any of its Subsidiaries to the
Administrative Agent or to any Lender in connection with the negotiation of, or compliance with, the Loan Documents, including without limitation the financial statements delivered pursuant to Section 5.4, contained any material misstatement of
fact or omitted to state a material fact or any fact necessary to make the statements therein not misleading in light of the circumstances when made. 
 5.11. Regulation U. “Margin Stock” (as defined in Regulation U) constitutes less than 25% of the value of those assets of the Borrower and its Subsidiaries that are subject to any
limitation on sale, pledge or other restriction hereunder. Neither the Borrower nor any Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of carrying “Margin
Stock” (as defined in Regulation U). Neither the Borrower nor any Subsidiary has used or will use any of the proceeds of the Advances to purchase or carry any “Margin Stock” (as defined in Regulation U). 

5.12. Material Agreements. Neither the Borrower nor any Subsidiary is a party to any agreement or instrument or subject to any
charter or other corporate, limited liability company or partnership restriction that could reasonably be expected to have a Material Adverse Effect. Neither the Borrower nor any Subsidiary is in default in the performance, observance or fulfillment
of any of the obligations, covenants or conditions in any agreement to which it is a party (including any agreement or instrument evidencing or governing indebtedness), which default could reasonably be expected to have a Material Adverse Effect.

 5.13. Compliance With Laws. The Borrower and its Subsidiaries (with respect to each Subsidiary before the date it
became a Subsidiary, to the knowledge of the Borrower and its Subsidiaries) have complied in all material respects with all applicable statutes, rules, regulations, orders and restrictions of any domestic or foreign government or any instrumentality
or agency thereof having jurisdiction over the conduct of their respective businesses or the ownership of their respective Property. 

  
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 5.14. Ownership of Properties; Perfection of Liens. Except as set forth on
Schedule 5.14, on the Restatement Date, the Borrower and its Subsidiaries will have good, and in the case of real property, marketable title, free and clear of all Liens other than those permitted by Section 6.22, to all of the Property
and assets reflected in the Borrower’s most recent consolidated financial statements provided to the Administrative Agent as owned by the Borrower and its Subsidiaries. The Obligations are secured by valid, perfected, first-priority Liens
(subject to Liens permitted pursuant to Section 6.22) in favor of the Administrative Agent for the benefit of the Lenders, covering and encumbering all Collateral granted or purported to be granted by the Collateral Documents, to the extent
perfection has occurred by the filing of a UCC financing statement or by continued possession or control (other than with respect to Liens on Collateral represented by a certificate of title). Neither the Borrower nor any Subsidiary has subordinated
any of its rights under any Obligation owing to it to the rights of another Person. 
 5.15. Plan Assets; Prohibited
Transactions. The Borrower is not an entity deemed to hold “plan assets” within the meaning of 29 C.F.R. § 2510.3-101 of an employee benefit plan (as defined in § 3(3) of ERISA) that is subject to Title I of ERISA
or any plan (within the meaning of § 4975 of the Code), and neither the execution of this Agreement nor the making of Credit Extensions hereunder gives rise to a Prohibited Transaction.  

5.16. Environmental Matters. The ongoing operations of the Borrower and each of its Subsidiaries (with respect to each Subsidiary
before the date it became a Subsidiary, to the knowledge of the Borrower and its Subsidiaries) comply in all respects with all Environmental Laws, except such non-compliance as could not (if enforced in accordance with applicable law) reasonably be
expected to result, either individually or in the aggregate, in a Material Adverse Effect. Each of the Borrower and its Subsidiaries has obtained, and maintained in good standing, all licenses, permits, authorizations, registrations and other
approvals required under any Environmental Law and required for its ordinary course operations, and for its reasonably anticipated future operations, and each of the Borrower and its Subsidiaries is in compliance with all terms and conditions
thereof, except where the failure to so comply could not reasonably be expected to result in material liability to any such Person and could not reasonably be expected to result, either individually or in the aggregate, in a Material Adverse Effect.
Except as set forth on Schedule 5.16, none of the Borrower and its Subsidiaries or any of their properties or operations is subject to, or reasonably anticipates the issuance of, any written order from or agreement with any Federal,
state or local governmental authority, nor subject to any judicial or docketed administrative or other proceeding, respecting any Environmental Law, Environmental Claim or Hazardous Substance. There are no Hazardous Substances or other conditions or
circumstances existing with respect to any property, arising from operations prior to the Restatement Date, or relating to any waste disposal, of any of the Borrower and its Subsidiaries that would reasonably be expected to result, either
individually or in the aggregate, in a Material Adverse Effect. Except as set forth on Schedule 5.16, neither the Borrower nor any of its Subsidiaries has any underground storage tanks that are not properly registered or permitted under
applicable Environmental Laws or that at any time have released, leaked, disposed of or otherwise discharged Hazardous Substances. 

  
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 5.17. Investment Company Act. Neither the Borrower nor any Subsidiary is an
“investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 
 5.18. Insurance. The Borrower maintains, and has caused each Subsidiary to maintain, with financially sound and reputable insurance companies insurance on all their Property in such amounts,
subject to such deductibles and self-insurance retentions and covering such properties and risks as are consistent with sound business practice and as are customarily carried by companies engaged in similar business and owning similar properties in
localities where the Borrower and its Subsidiaries operate. 
 5.19. Real Property. Schedule 5.19 sets forth
a complete and accurate list, as of the Restatement Date, of (i) the address of all real property leased by the Borrower or any Subsidiary and (ii) the address and a legal description of any real property owned by the Borrower or any
Subsidiary. 
 5.20. Solvency. 
 (a) Immediately after the consummation of the transactions to occur on the Restatement Date, immediately following the making of each Credit Extension, if any, made on the Restatement Date and after
giving effect to the application of the proceeds of such Credit Extensions, (i) the fair value of the assets of the Borrower and its Subsidiaries on a consolidated basis will exceed the debts and liabilities, subordinated, contingent or
otherwise, of the Borrower and its Subsidiaries on a consolidated basis; (ii) the present fair saleable value of the Property of the Borrower and its Subsidiaries on a consolidated basis will be greater than the amount that would be required to
pay the probable liability of the Borrower and its Subsidiaries on a consolidated basis on their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (iii) the
Borrower and its Subsidiaries on a consolidated basis will be able to pay their debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (iv) the Borrower and its Subsidiaries
on a consolidated basis will not have unreasonably small capital with which to conduct the businesses in which they are engaged as such businesses are now conducted and are proposed to be conducted after the Restatement Date. 

(b) The Borrower does not intend to, or to permit any of its Subsidiaries to, and does not believe that it or any of its
Subsidiaries will, incur debts beyond its ability to pay such debts as they mature, taking into account the timing of and amounts of cash to be received by it or any such Subsidiary and the timing of the amounts of cash to be payable on or in
respect of its Indebtedness or the Indebtedness of any such Subsidiary. 
 5.21. Intellectual Property. The Borrower and
each Subsidiary owns and possesses or has a license or other right to use all patents, patent rights, trademarks, trademark rights, trade names, trade name rights, service marks, service mark rights and copyrights that are necessary for the conduct
of such Person’s businesses, without any infringement upon rights of others that could reasonably be expected to have a Material Adverse Effect. 

  
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 5.22. Labor Matters. Except as set forth on Schedule 5.22, neither the
Borrower nor any Subsidiary is subject to any labor or collective bargaining agreement. There are no existing or threatened strikes, lockouts or other labor disputes involving the Borrower or any Subsidiary that singly or in the aggregate could
reasonably be expected to have a Material Adverse Effect. Hours worked by and payment made to employees of the Borrower and the Subsidiaries are in material compliance with the Fair Labor Standards Act and any other applicable laws, rules or
regulations dealing with such matters. 
 5.23. No Default. No Event of Default exists or would result from the
incurrence by the Borrower or any Subsidiary of any Indebtedness hereunder or under any other Loan Document. 
 5.24.
Burdensome Restrictions. Neither the Borrower nor any of its Subsidiaries is a party to or otherwise bound by any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any charter, corporate, limited
liability company or partnership restriction action which could reasonably be expected to have a Material Adverse Effect. 

5.25. U.S.A. Patriot Act. The Borrower and each Subsidiary (with respect to each Subsidiary before the date it became a
Subsidiary, to the knowledge of the Borrower and its Subsidiaries) are in compliance, in all material respects, with the U.S.A. Patriot Act. No part of the proceeds of the Advances will be used, directly or indirectly, for any payments to any
governmental official or employee, political party, official of a political party or candidate for political office, or anyone else acting in an official capacity, to obtain, retain or direct business or obtain any improper advantage in violation of
the United States Foreign Corrupt Practices Act of 1977, as amended. 
 5.26. Foreign Assets Control Regulations and
Anti-Money Laundering. Neither the Borrower nor any of its Subsidiaries (i) is a Person whose property or interest in property is blocked or subject to blocking pursuant to Section 1 of Executive Order 13224 of September 23, 2001
Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)), (ii) to the knowledge of any Authorized Officer engages in any dealings or transactions prohibited by
Section 2 of such executive order, or is otherwise, to the knowledge of an Authorized Officer, associated with any such person in any manner violating Section 2, or (iii) is a person on the list of Specially Designated Nationals and
Blocked Persons or subject to the limitations or prohibitions under any other U.S. Department of Treasury’s Office of Foreign Assets Control regulation or executive order. 
 ARTICLE VI 
 COVENANTS 

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

  
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 6.1. Financial Reporting. The Borrower will maintain, for itself and each Subsidiary,
a system of accounting established and administered in accordance with GAAP, and furnish to the Administrative Agent and the Lenders: 
 (a) Within 90 days after the close of each of its fiscal years, an unqualified (except for qualifications relating to changes in accounting principles or practices reflecting changes in GAAP) audit
report, with no going concern modifier, certified by Borrower’s current independent public accountants or other independent certified public accountants of national reputation and standing reasonably acceptable to the Lenders, prepared in
accordance with GAAP on a consolidated basis for itself and its Subsidiaries, including a balance sheet as of the end of such period and related statements of operations, stockholders’ investment, and cash flows, accompanied by (i) any
management letter prepared by said accountants (provided that if such management letter is not available at such time, Borrower shall deliver same promptly following receipt thereof) and (ii) a certificate of said accountants that, in the
course of their examination necessary for their certification of the foregoing, they have obtained no knowledge of any Default or Event of Default, or if, in the opinion of such accountants, any Default or Event of Default exists, stating the nature
and status thereof. 
 (b) Within 45 days after the close of each of the first three quarterly periods of each of
its fiscal years, for itself and its Subsidiaries, including a balance sheet as of the end of such period and related statements of operations, stockholders’ investment, and cash flows for the period from the beginning of such fiscal year to
the end of such quarter, all certified by its chief financial officer. 
 (c) Beginning with the month ending
July 31, 2012 and thereafter, for each month that is included in a Borrowing Base Effective Period, as soon as available, but in any event within 20 days after the end of such month, a Borrowing Base Certificate certified to be true and correct
by an Authorized Officer or the controller of the Borrower. 
 (d) As soon as available, but in any event within
60 days after the first day of each fiscal year of the Borrower, a copy of the plan and forecast (including a projected consolidated balance sheet, income statement, Capital Expenditures budget and cash flow statement) of the Borrower for such
fiscal year. 
 (e) Together with the financial statements required under Sections 6.1(a) and (b), a compliance
certificate in substantially the form of Exhibit A signed by the Borrower’s chief financial officer or controller showing the calculations necessary to determine compliance with this Agreement and stating that no Default or Event of
Default exists, or if any Default or Event of Default exists, stating the nature and status thereof. 
 (f)
Promptly upon the furnishing thereof to the shareholders of the Borrower, copies of all financial statements, reports and proxy statements so furnished. 

  
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 (g) Promptly upon the filing thereof, copies of all registration statements
and annual, quarterly, monthly or other regular reports that the Borrower or any of its Subsidiaries files with the Securities and Exchange Commission. 
 (h) Such other information (including non-financial information) as the Administrative Agent or any Lender may from time to time reasonably request. 

If any information that is required to be furnished to the Lenders under this Section is required by law or regulation to be filed by the
Borrower with a government body on an earlier date, then the information required hereunder shall be furnished to the Lenders at such earlier date. Any financial statement required to be furnished pursuant to Section 6.1(a) or
Section 6.1(b) shall be deemed to have been furnished on the date on which the Borrower has filed such financial statement with the Securities and Exchange Commission and such financial statement is available on the EDGAR website at www.sec.gov
or any successor government website that is freely and readily available to the Administrative Agent and the Lenders without charge. Notwithstanding the foregoing, if the Administrative Agent requests the Borrower to furnish paper copies of any such
financial statement, the Borrower shall deliver such paper copies to the Administrative Agent until the Administrative Agent gives written notice to cease delivering such paper copies. 

6.2. Use of Proceeds. The Borrower will, and will cause each Subsidiary to, use the proceeds of the Loans (a) to make the
Permitted Earn-Out Payments to the extent permitted to be made pursuant to the terms of Section 6.29, (b) for any Permitted Acquisition and Excluded Permitted Acquisition and expenses related thereto; provided that the aggregate purchase
price of the Excluded Permitted Acquisitions, inclusive of all hold-backs, earn-outs, indemnity obligations, and other similar obligations of the acquiror, during the term of this Agreement shall not exceed $32,500,000; (c) for working capital,
Capital Expenditures and other general corporate purposes; and (d) to pay related transaction fees and expenses. The Borrower will not, nor will it permit any Subsidiary to, use any of the proceeds of the Advances to purchase or carry any
“margin stock” (as defined in Regulation U). 
 6.3. Notice of Event of Default; ERISA Matters. The Borrower
will give notice in writing to the Lenders, promptly and in any event within 10 days after an officer of the Borrower obtains knowledge thereof, of the occurrence of any Default or Event of Default and of any other development, financial or
otherwise, that could reasonably be expected to have a Material Adverse Effect. As promptly as practicable (but in any event not later than 30 days) after the occurrence of any material default or material breach by the Borrower under the
acquisition agreement or any other material documents delivered in connection with an Excluded Permitted Acquisition or Permitted Acquisition (in each case as defined in this Agreement or in the Existing Credit Agreement) (collectively, the
“Acquisition Documents”), or the date any officer of the Borrower becomes aware or should have become aware of the occurrence of any material default or material breach by any other party to the Acquisition Documents, or the date
the Borrower provides or receives notice of, or of any condition or event that has resulted in, or could reasonably be expected to result in, an indemnity claim under the Acquisition Documents, by any party thereto, a certificate signed by the chief
financial officer, treasurer or controller of the Borrower specifying in reasonable detail the nature and period of existence thereof, what action the Borrower has taken, is taking or proposes to take with respect thereto. Promptly upon, but in no
event later than 10 days after, any officer of the Borrower becoming aware of the occurrence of (i) any non-exempt Prohibited Transaction with respect to any Plan or any Controlled Group Plan, or (ii) except as could not reasonably be
expected to result in a Material Adverse Effect, any Reportable Event with respect to any Plan or any Controlled Group Plan, the Borrower will give notice in writing to the Lenders specifying the nature thereof and what action the Borrower proposes
to take with respect thereto. In addition, when received, the Borrower and any Subsidiary shall provide to the Lenders copies of any notice from the PBGC of its intention to terminate or have a trustee appointed for any Plan or, except as could not
result in a Material Adverse Effect, any Controlled Group Plan. 

  
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 6.4. Conduct of Business. The Borrower will, and will cause each Subsidiary to, carry
on and conduct its business in substantially the same manner and in substantially the same fields of enterprise as such business is presently conducted and do all things necessary to remain duly incorporated or organized, validly existing and (to
the extent such concept applies to such entity) in good standing as a domestic corporation, partnership or limited liability company in its jurisdiction of incorporation or organization, as the case may be, and maintain all requisite authority to
conduct its business in each jurisdiction in which its business is conducted; provided that nothing herein shall limit any merger permitted by Section 6.18. 
 6.5. Formation of Subsidiaries. Within 30 days after the formation of any Subsidiary of the Borrower or, if earlier, within 10 Business Days after any request by the Administrative Agent, with
respect to any Subsidiary of the Borrower, (a)(i) the voting securities (or other ownership interests) of each such Subsidiary that is a Domestic Subsidiary shall be pledged to the Administrative Agent for the benefit of the Lenders,
(ii) 65% of the voting securities (or other ownership interests) of each such Subsidiary that is a Foreign Subsidiary to the extent directly owned by the Borrower or a Domestic Subsidiary shall be pledged to the Administrative Agent for the
benefit of the Lenders, and (iii) each such Domestic Subsidiary shall become obligated to repay the Loans and other amounts payable under the Loan Documents and shall grant the Administrative Agent for the benefit of the Lenders a security
interest in its Property; and (b) the Borrower and the applicable Subsidiary shall, at the Borrower’s cost and expense, execute and deliver to the Administrative Agent such documents and instruments as the Administrative Agent reasonably
deems necessary to effect the matters specified in subclause (a) as specified in such request (which documents may include documents and opinions prepared by applicable foreign counsel in the case of any such matters with respect to any
Subsidiaries that are Foreign Subsidiaries to the extent the Administrative Agent reasonably requests). Notwithstanding the foregoing, the Borrower shall not be required to furnish any such pledges, guaranties, security interests or related
documents or instruments with respect to a Foreign Subsidiary to the extent that such actions would (x) violate the laws of the jurisdiction of formation of such Foreign Subsidiary or (y) create or result in a Deemed Dividend Problem.

 6.6. Taxes. The Borrower will, and will cause each Subsidiary to, timely file complete and correct United States
federal and applicable foreign, state and local tax returns required by law and pay when due all taxes, assessments and governmental charges and levies upon it or its income, profits or Property, except those that are being contested in good faith
by appropriate proceedings with respect to which adequate reserves have been set aside in accordance with GAAP and that could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

  
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 6.7. Insurance. The Borrower will, and will cause each Subsidiary to, maintain with
financially sound and reputable insurance companies insurance on all their Property in such amounts and covering such risks as are consistent with sound business practice and as are customarily carried by companies engaged in similar business and
owning similar properties in localities where the Borrower and its Subsidiaries operate, and the Borrower will furnish to the Administrative Agent upon request full information as to the insurance carried and evidence that the endorsements and
certificates furnished pursuant to Section 4.1.1(j) are in full force and effect. 
 6.8. Compliance with Laws. The
Borrower will, and will cause each Subsidiary to, comply in all material respects with all laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject including, without limitation, all Environmental
Laws except where failure to comply could not reasonably be expected to have a Material Adverse Effect. 
 6.9. Maintenance
of Properties. The Borrower will, and will cause each Subsidiary to, do all things necessary to maintain, preserve, protect and keep its Property in good repair, working order and condition (ordinary wear and tear excepted), and make all
necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly conducted at all times. 
 6.10. Inspection. The Borrower will, and will cause each Subsidiary to, permit the Administrative Agent and its respective representatives and agents to inspect any of the Property, books and
financial records of the Borrower and each Subsidiary, to examine and make copies of the books of accounts and other financial records of the Borrower and each Subsidiary and to discuss the affairs, finances and accounts of the Borrower and each
Subsidiary with, and to be advised as to the same by, their respective officers at such reasonable times and intervals as the Administrative Agent may designate (a) one time per fiscal year and (b) following the occurrence and during the
continuance of any Default or Event of Default, from time to time, as determined by the Administrative Agent in its sole discretion. The Borrower shall pay the expenses of the Administrative Agent for all visits, inspections and examinations that
(x) are made while any Event of Default is continuing or (y) constitute the Administrative Agent’s annual collateral audit. 
 6.11. Books and Records. Each of the Borrower and its Subsidiaries shall keep adequate and proper records and books of account in which full and correct entries shall be made of its dealings,
business and affairs. 
 6.12. Compliance with Material Contracts. Each of the Borrower and its Subsidiaries shall make
all payments and otherwise perform all obligations in respect of all material contracts to which it is a party except as could not reasonably be expected to result in a Material Adverse Effect; provided, that such payment or performance will not be
required to the extent such payment or performance is being contested in good faith by appropriate proceedings, so long as such Person’s title to its property is not materially adversely affected, its use of such property in the ordinary course
of its business is not materially interfered with and adequate reserves with respect thereto have been set aside on the Borrower’s books in accordance with GAAP. 

  
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 6.13. ERISA. The Borrower and each of its Subsidiaries shall maintain each Plan in
compliance with all applicable requirements of ERISA and of the Code and with all applicable regulations issued under the provisions of ERISA and of the Code except where failure to comply could not be reasonably expected to cause a Material Adverse
Effect. Neither the Borrower nor any of its Subsidiaries shall engage in any non-exempt Prohibited Transaction in connection with which it would be subject to either a civil penalty assessed pursuant to § 502(i) of ERISA or a tax imposed
by § 4975 of the Code, in either case in an amount exceeding $250,000. Except as could not reasonably be expected to result in a Material Adverse Effect, neither the Borrower nor any of its Subsidiaries shall fail to make full payment when
due of all amounts each is required to pay under any Plan. Neither the Borrower, any of its Subsidiaries, nor any ERISA Affiliate shall permit to exist any accumulated funding deficiency (as such term is defined in § 302 of ERISA and
§ 412 of the Code), whether or not waived, with respect to any Plan in an aggregate amount exceeding $250,000. Neither the Borrower nor any of its Subsidiaries, nor, except as could not reasonably be expected to result in a Material
Adverse Effect, any ERISA Affiliate, shall fail to make any payments in an aggregate amount exceeding $250,000 to any Controlled Group Plan that may be required to be made under any agreement relating to such Controlled Group Plan or any law
pertaining thereto. 
 6.14. Environmental Matters; Reporting. If any release or threatened release or other disposal of
Hazardous Substances occurs or has occurred on any real property or any other assets of the Borrower or any Subsidiary, the Borrower shall, or shall cause the applicable Subsidiary to, cause the prompt containment and removal of such Hazardous
Substances and the remediation of such real property or other assets as necessary to comply in all material respects with all Environmental Laws and to preserve the value of such real property or other assets. Without limiting the generality of the
foregoing, the Borrower shall, and shall cause each Subsidiary to, comply in all material respects with any Federal or state judicial or administrative order requiring the performance at any real property of the Borrower or any Subsidiary of
activities in response to the release or threatened release of a Hazardous Substance. To the extent that the transportation of Hazardous Substances is permitted by this Agreement, the Borrower shall, and shall cause its Subsidiaries to, dispose of
such Hazardous Substances, or of any other wastes, only at licensed disposal facilities operating in all material respects in compliance with Environmental Laws. 
 6.15. Reaffirmation of Guaranties. When the Administrative Agent so requests from time to time, the Borrower shall cause each Guarantor and any other Person who hereafter guarantees, or who agrees
for the benefit of the Borrower to make capital contributions to the Borrower for the purpose of supporting the Obligations or any part thereof, to promptly execute and deliver to the Administrative Agent reaffirmations of their respective
Guaranties in such form as the Administrative Agent reasonably requires. 

  
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 6.16. Further Assurances; Cash Management and Post-Closing Obligations.  

(a) The Borrower shall promptly correct any defect or error that is discovered in any Loan Document or in the execution,
acknowledgment or recordation thereof. Promptly upon request by the Administrative Agent or the Required Lenders, the Borrower also shall (and shall cause its Subsidiaries to) do, execute, acknowledge, deliver, record, re-record, file, re-file,
register and re-register any and all deeds, conveyances, mortgages, deeds of trust, trust deeds, assignments, landlord consents, estoppel certificates, financing statements and continuations thereof, notices of assignment, transfers, certificates,
assurances and other instruments as the Administrative Agent reasonably requires from time to time (a) to carry out more effectively the purposes of the Loan Documents; (b) to perfect and maintain the validity, effectiveness and priority
of any security interests intended to be created by the Loan Documents, including, without limitation, obtaining delivery of landlord’s waivers and estoppels reasonably required by the Administrative Agent; and (c) to better assure,
convey, grant, assign, transfer, preserve, protect and confirm unto the Lenders the rights granted now or hereafter intended to be granted to the Lenders under any Loan Document or under any other instrument executed in connection with any Loan
Document or that the Borrower may be or become bound to convey, mortgage or assign to the Administrative Agent for the benefit of the Lenders to carry out the intention or facilitate the performance of the provisions of any Loan Document. The
Borrower shall furnish to the Lenders evidence reasonably satisfactory to the Administrative Agent of every such recording, filing, or registration. 
 (b) Cash Management. If applicable, any Subsidiary acquired or formed in connection with a Permitted Acquisition shall within 60 Business Days after such acquisition or formation maintain all its
deposit accounts with a Lender, as Excluded Controlled Accounts, as Excluded Payroll Accounts, or as Excluded Local Operating Accounts. Subject to the preceding sentence, within 60 days after the Restatement Date, the Borrower and each Domestic
Subsidiary shall maintain their principal cash management accounts with one or more of the Lenders, or as Excluded Controlled Accounts; provided, however, that the foregoing requirement shall not apply to any Excluded Payroll Accounts
or any Excluded Local Operating Account. Notwithstanding anything herein or in the Security Agreement to the contrary, the Borrower and its Domestic Subsidiaries shall use commercially reasonable efforts to maintain all Deposit Accounts (other than
any Excluded Payroll Accounts, any Excluded Local Operating Accounts, or any Excluded Controlled Accounts) held with a Lender other than the Administrative Agent, subject to a Control Agreement. 

(c) Real Property. Within 60 days after any of the Borrower and its Subsidiaries acquiring any real property with a
fair market value greater than $500,000, or within 60 days following a reasonable request by the Agent for real property with a fair market value below $500,000, the Borrower or such Subsidiary shall deliver to the Administrative Agent a mortgage,
deed of trust, or other similar document, together with such other Collateral Documents as the Agent reasonably requires (including flood certificates, and evidence of flood insurance to the extent required under applicable law) and shall cooperate
with the Administrative Agent in obtaining a title insurance policy with respect to such real property on such terms as the Administrative Agent reasonably requires. 
 6.17. Indebtedness. The Borrower will not, nor will it permit any Subsidiary to, create, incur or suffer to exist any Indebtedness, except: 

(a) The Loans and any other Obligations; 

  
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 (b) Indebtedness existing on the Restatement Date and described in
Schedule 6.17 and any renewal or extension of such Indebtedness that does not increase the principal amount thereof; 
 (c) Indebtedness incurred in connection with the Permitted Earn-Out Payments permitted to be made pursuant to the terms of Section 6.29(b); 

(d) Indebtedness secured by Liens permitted by Section 6.22(h) and extensions, renewals and refinancings thereof;
provided that the aggregate amount of all such Indebtedness at any time outstanding shall not exceed $10,000,000; 
 (e) Subordinated Indebtedness; 
 (f) Indebtedness arising under
Rate Management Transactions or other Financial Contracts incurred in favor of a Lender or an Affiliate thereof for bona fide hedging purposes and not for speculation, evidence of which has been provided to the Administrative Agent; 

(g) Contingent Obligations arising with respect to customary indemnification obligations in favor of purchasers in
connection with dispositions permitted under Section 6.19(c); 
 (h) Indebtedness incurred in respect of
netting services and ordinary course of business overdraft protection in connection with deposit accounts permitted under the Loan Documents; 
 (i) Indebtedness incurred in connection with the financing of insurance premiums in the ordinary course of business; 

(j) Endorsements for collection or deposit and standard contractual indemnities entered into in the ordinary course of
business; 
 (k) Contingent Obligations incurred in the ordinary course of business with respect to surety and
appeal bonds, performance bonds and other similar obligations; 
 (l) Contingent Obligations arising under
indemnity agreements to title insurers to cause such title insurers to issue to the Administrative Agent title insurance policies; 
 (m) Contingent Obligations related to guaranty obligations of the Borrower or any of its Subsidiaries with respect to Operating Leases of the Borrower’s Domestic Subsidiaries for terminal facilities
and other contract obligations (other than Indebtedness) of the Borrower’s Domestic Subsidiaries not prohibited by this Agreement so long as the same remains Contingent Obligations; 

(n) Contingent Obligations arising with respect to customary indemnification obligations in favor sellers in connection
with Permitted Acquisitions; 

  
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 (o) Indebtedness or Contingent Obligations related to co-borrower or
guaranty obligations of the Borrower or its Subsidiaries with respect to loans obtained by independent contractors of the Borrower or its Subsidiaries for the purpose of such independent contractor acquiring trucks or trailers; provided that the
aggregate amount of all such Indebtedness or Contingent Obligations, together with the aggregate amount of Investments permitted under Section 6.20(j), shall not exceed $15,000,000 at any one time outstanding; 

(p) Intercompany Indebtedness owing (i) from a Domestic Subsidiary that is a Guarantor to the Borrower,
(ii) from a Domestic Subsidiary that is a Guarantor to another Domestic Subsidiary that is a Guarantor or (iii) from a Foreign Subsidiary (including Midwest Transit) to Borrower or any Domestic Subsidiary that is a Guarantor in an amount
not to exceed $5,000,000 at any one time outstanding for all such intercompany Indebtedness described in this clause (iii); and 
 (q) Other Indebtedness (excluding any Indebtedness described in clauses (b) through (p) above), provided that the aggregate amount of such other Indebtedness does not exceed $7,500,000 at any
time outstanding. 
 6.18. Merger. The Borrower will not, nor will it permit any Subsidiary to, (a) merge,
consolidate with or enter into any analogous reorganization or transaction with any other Person, except for any merger of a Subsidiary into the Borrower or a Wholly-Owned Subsidiary of the Borrower or any Guarantor or (b) liquidate, wind up or
dissolve itself (or suffer any liquidation, wind up or dissolution. 
 6.19. Sale of Assets. The Borrower will not, nor
will it permit any Subsidiary to, directly or indirectly, lease, sell, assign, convey, transfer or otherwise dispose of its Property to any other Person or enter into an agreement to do any of the foregoing, except: 

(a) sales of inventory, or used, worn-out or surplus equipment, all in the ordinary course of business; 

(b) the sale of equipment to the extent that such equipment is exchanged for credit against the purchase price of similar
replacement equipment, or the proceeds of such sale are applied with reasonable promptness to the purchase price of such replacement equipment; 
 (c) sales and dispositions of assets (including the capital securities and other Equity Interests of Subsidiaries) for at least fair market value (as determined by the Board of Directors of the Borrower)
so long as the net book value of all assets sold or otherwise disposed of in any fiscal year by the Borrower and its Subsidiaries, in the aggregate, does not constitute a Substantial Portion of the Property of the Borrower and its Subsidiaries or
otherwise exceed 5% of the net book value of the consolidated assets of the Borrower and its Subsidiaries as of the last day of the preceding fiscal year; and 

(d) sales and dispositions of assets of a Subsidiary of the Borrower to the Borrower or any Subsidiary that is a
Guarantor. 

  
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 6.20. Investments. The Borrower will not, nor will it permit any Subsidiary to, make
or suffer to exist any Investments (including, without limitation, loans and advances to, and other Investments in, Subsidiaries), or commitments therefor, create any Subsidiary or become or remain a partner in any partnership or joint venture,
except: 
 (a) Cash Equivalent Investments; 

(b) (i) Existing Investments in Domestic Subsidiaries in existence on the Restatement Date, (ii) existing
Investments in Foreign Subsidiaries in the amounts and in existence on the Restatement Date, and (iii) other Investments in existence on the Restatement Date and described in Schedule 6.20, 

(c) Investments (i) constituting Permitted Acquisitions, (ii) in Domestic Subsidiaries permitted by and subject
to Section 6.27, and (iii) in any Foreign Subsidiaries (including Midwest Transit) permitted by and subject to Section 6.27 to the extent Investments in Foreign Subsidiaries do not exceed $5,000,000 in the aggregate for all such
Investments described in this clause (iii); 
 (d) Investments constituting Indebtedness permitted pursuant
to Section 6.17; 
 (e) Bank deposits in the ordinary course of business, to the extent permitted by
Section 6.16(b); 
 (f) Investments in securities of Account Debtors received pursuant to any plan of
reorganization or similar arrangement upon the bankruptcy or insolvency of such Account Debtors; 

(g) (i) Travel and similar advances to employees or independent contractors in the ordinary course of business
and (ii) other loans to independent contractors and other service providers in the ordinary course of business, in the case of clause (ii) not to exceed $3,000,000 in the aggregate at any time outstanding; 

(h) Deposits made in the ordinary course of business securing obligations or performance under contracts, such as in
connection with real estate or personal property leases; 
 (i) Promissory notes and other similar non-cash
consideration received by Borrower in connection with dispositions permitted under Section 6.19(c); 
 (j)
Loans made by the Borrower or its Subsidiaries to independent contractors of the Borrower or its Subsidiaries for the purpose of such independent contractor acquiring trucks or trailers; provided that the aggregate amount of all such Indebtedness or
Contingent Obligations, together with the aggregate amount of Investments permitted under Section 6.17(o), shall not exceed $15,000,000 at any one time outstanding; and 

(k) Other Investments (excluding any Investments described in clauses (a) through (j) above) not to exceed
$7,500,000 in the aggregate at any one time. 

  
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 provided that (x) any Investment that when made complies with the requirements of the definition of the
term “Cash Equivalent Investment” may continue to be held notwithstanding that such Investment if made thereafter would not comply with such requirements and (y) no Investment otherwise permitted by clause (b) or (c) shall
be permitted to be made if, immediately before or after giving effect thereto, any Event of Default exists. 
 6.21.
Acquisitions. The Borrower will not, nor will it permit any Subsidiary, to make any Acquisition other than a Permitted Acquisition. 
 6.22. Liens. The Borrower will not, nor will it permit any Subsidiary to, create, incur, assume or suffer to exist any Lien in, of or on the Property of the Borrower or any of its Subsidiaries now
owned or hereafter acquired, or enter into or make any commitment to enter into any arrangement for the acquisition of property through conditioned sale, lease, purchase or other title retention agreement, except: 

(a) Liens for taxes, assessments or governmental charges or levies on its Property if the same are not at the time
delinquent or thereafter can be paid without penalty, or are being contested in good faith and by appropriate proceedings and for which adequate reserves in accordance with GAAP have been set aside on its books; 

(b) Liens imposed by law, such as landlord, carriers’, warehousemen’s and mechanics’ liens and other
similar liens arising in the ordinary course of business that secure payment of obligations not more than 60 days past due or that are being contested in good faith by appropriate proceedings and for which adequate reserves have been set aside on
its books; 
 (c) Liens arising out of pledges or deposits under worker’s compensation laws, unemployment
insurance, old age pensions, other social security or retirement benefits or similar legislation; 
 (d) Utility
easements, building restrictions and such other encumbrances or charges against real property as are of a nature generally existing with respect to properties of a similar character that do not in any material way affect the marketability of the
same or interfere in any material respect with the use thereof in the business of the Borrower or its Subsidiaries; 
 (e) Liens arising solely by virtue of any statutory or common law provision relating to bankers’ liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds
maintained with a creditor depository institution; provided that such deposit account (i) is not a dedicated cash collateral account and is not subject to restriction against access by Borrower or a Subsidiary in excess of those set forth by
regulations promulgated by the Board of Governors of the Federal Reserve, and (ii) is not intended by the Borrower or any Subsidiary to provide collateral to the depository institution; 

(f) Liens existing on the Restatement Date and described in Schedule 6.22; 

  
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 (g) Liens on Property acquired in a Permitted Acquisition, provided
that such Liens extend only to the Property so acquired and were not created in contemplation of such acquisition; 
 (h) Subject to the limitation set forth in Section 6.17(d), (i) Liens arising in connection with Capital Leases (and attaching only to the property being leased) and (ii) Liens that
constitute purchase money security interests on any property securing debt incurred for the purpose of financing all or any part of the cost of acquiring such property, provided that any such Lien attaches to such property within 20 days of
the acquisition thereof and attaches solely to the property so acquired; 
 (i) Attachments, appeal bonds,
judgments and other similar Liens, for sums not exceeding $10,000,000 arising in connection with court proceedings, provided the execution or other enforcement of such Liens is effectively stayed and the claims secured thereby are being actively
contested in good faith and by appropriate proceedings; 
 (j) Informational UCC financing statements filed with
respect to operating leases; 
 (k) Any interest or title of a lessor, sublessor, licensor or sublicensor under
any operating lease or non-exclusive license permitted by this Agreement; 
 (l) Liens on insurance policies and
the proceeds thereof incurred in connection with the financing of insurance premiums in the ordinary course of business; 
 (m) Licenses, sublicenses, leases or subleases of real property or intellectual property granted by the Borrower or any Subsidiary (as lessor or licensor) to third Persons in the ordinary course of
business consistent with past practices; 
 (n) Liens in favor of customs and revenue authorities which secure
payment of customs duties in connection with the importation of goods; and 
 (o) Liens in favor of the
Administrative Agent, for the benefit of the Lenders, granted pursuant to any Collateral Document. 
 6.23. Transactions with
Affiliates. Neither the Borrower nor any of its Subsidiaries shall enter into any transaction with any of its Affiliates, except upon fair and reasonable terms no less favorable than those it would obtain in a comparable arm’s-length
transaction with a Person not an Affiliate; provided, that this Section shall not prohibit or restrict (a) the payment of the Advisory Fees in accordance with Section 6.31(b), (b) transactions between the Borrower and any of its
Subsidiaries to the extent not prohibited by this Agreement or (c) subject to the terms and conditions of Section 6.29, each of the Permitted Earn-Out Payments. 
 6.24. Subordinated Indebtedness. Except as permitted in the applicable subordination agreement, the Borrower will not, and will not permit any Subsidiary to, make any amendment or modification to
the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness
or take any other actions in contravention or violation of any subordination agreement related to such Subordinated Indebtedness. 

  
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 6.25. ERISA Plans. Neither the Borrower nor any of its Subsidiaries shall permit
(a) any event to occur or condition to exist that would permit any Plan or any Controlled Group Plan to terminate under any circumstances that would cause the Lien provided for in § 4068 of ERISA to attach to any assets of the
Borrower or any of its Subsidiaries, (b) a Plan subject to Title IV of ERISA to be less than 70% funded as measured on the last day of the applicable Plan year based on the certification prepared by the Plan’s actuary regarding funding
(referred to as the AFTAP certification) and (c) a failure to make a minimum funding contribution to a Plan required under § 302 of ERISA and § 412 of the Code. 

6.26. Change in Nature of Business. Neither the Borrower nor any of its Subsidiaries shall make any material change in the nature
of its business as carried on at the Restatement Date, businesses reasonably related thereto and logical extensions thereof, without the prior consent of the Required Lenders. 
 6.27. Subsidiaries. After the Restatement Date, neither the Borrower nor any of its Subsidiaries shall form or acquire any corporation, limited liability company or other entity that would thereby
become a Subsidiary of the Borrower, except for (a) corporations, partnerships or limited liability companies formed or acquired by the Borrower or any Subsidiary in connection with Permitted Acquisitions, and (b) any Subsidiaries for
which the applicable documents required by Section 6.5 have been executed and delivered to the Administrative Agent in accordance with the terms of such Section. 
 6.28. Negative Pledges; Subsidiary Restrictions. Neither the Borrower nor any of its Subsidiaries shall enter into any agreement, bond, note or other instrument with or for the benefit of any
Person other than the Lenders that would (a) prohibit the Borrower or any Subsidiary from granting, or otherwise limit the ability of the Borrower or any Subsidiary to grant, to the Lenders any Lien on any of the assets or properties of the
Borrower or any Subsidiary other than such agreement, bond note or other instrument that prohibits the assignment of, or granting of a Lien in favor of the Administrative Agent on, such agreement, bond, note or other instrument; provided that the
Borrower and its Subsidiaries shall use commercially reasonable efforts to permit the assignment of, and granting a Lien in favor of the Administrative Agent on, any such agreement, bond, note or other instrument, or (b) require the Borrower or
any Subsidiary to grant a Lien to any other Person if the Borrower or any Subsidiary grants any Lien to the Lenders, in each case except for any such agreement, bond, note or other instrument interest with respect to the property subject to purchase
money financings and Capital Lease agreements permitted hereby. Neither the Borrower nor any of its Subsidiaries shall place or allow any restriction, directly or indirectly, on the ability of any such Subsidiary to (x) pay dividends or any
distributions on or with respect to such Subsidiary’s Equity Interests or (y) make loans or other cash payments to the Borrower, in each case except for restrictions placed or allowed by any Person with respect to the property subject to
purchase money financings and Capital Lease agreements permitted hereunder. 

  
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 6.29. Restricted Payments. The Borrower shall not, nor shall it permit any of its
Subsidiaries to, pay or commit themselves to pay any Restricted Payments at any time; provided, however, that: 

(a) any Subsidiary may pay or commit itself to pay a dividend at any time to the Borrower or a Subsidiary that is a
Guarantor; 
 (b) so long as no Specified Event of Default then exists or would exist as a result thereof, the
Borrower and its applicable Subsidiaries shall be permitted to make the Permitted Earn-Out Payments; and 
 (c)
so long as no Default or Event of Default then exists or would exist as a result thereof, the Borrower shall be permitted to make repurchases of capital stock of the Borrower issued to officers or other management employees, in an amount not
exceeding (i) $500,000 during any consecutive 12-month period, and (ii) $1,000,000 in the aggregate for all such repurchases. 
 6.30. Accounting Changes; Organizational Documents. Neither the Borrower nor any of its Subsidiaries shall (a) make any significant change in accounting treatment or reporting practices,
except as permitted by GAAP (or, as to Foreign Subsidiaries, as required by generally accepted accounting principles of the jurisdiction of organization of such Foreign Subsidiary) without the prior consent of the Administrative Agent, which consent
shall not be unreasonably withheld or change its fiscal year or the fiscal year of any of its Subsidiaries, or (b) amend, modify or change any of its organizational or constituent documents in any manner materially adverse in any respect to the
rights or interests of the Lenders, other than as specifically permitted in the Collateral Documents. 
 6.31. Advisory
Agreement.  
 (a) Neither the Borrower nor any of its Subsidiaries shall amend or modify the Advisory
Agreement in any manner materially adverse in any respect to the rights or interests of the Lenders (it being understood that any increase in the amount of any fee or the imposition of any additional fees or compensation, other than in accordance
with the terms of the Advisory Agreement as in effect on the 2010 Closing Date, shall be materially adverse for the Lenders). 
 (b) Neither the Borrower nor any of its Subsidiaries shall pay or commit itself to pay any management fee, advisory fee or other similar fee, costs or expenses to any Affiliate (other than compensation to
officers and directors in the ordinary course of business) during any of its fiscal years; provided, however, that the Borrower may (i) reimburse the Advisor and its Affiliates for out-of-pocket costs and expenses incurred in good faith in
connection with the management of the Borrower and its Subsidiaries and consistent with the terms of the Advisory Agreement as in effect on the 2010 Closing Date, and (ii) pay the Advisory Fees as set forth in Section 4 of the Advisory
Agreement as in effect on the 2010 Closing Date; provided, however, that the payment of any Advisory Fees shall be subject to the terms and conditions of the Advisory Fee Subordination Agreement; and provided, further, that upon and during the
continuance of any Event of Default described in Article VII such Advisory Fees may continue to accrue but shall not be payable currently in cash until the Borrower has cured such Event of Default or the Required Lenders have waived such Event
of Default in writing, at which time the Borrower may pay the Advisory Fees so long as (x) no Default or Event of Default exists at the time of such payment, and (y) no Default or Event of Default shall exist after taking into effect such
payment. 

  
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 6.32. Financial Covenants. 

6.32.1 Fixed Charge Coverage Ratio. The Borrower will not permit the Fixed Charge Coverage Ratio, as of the last
day of any fiscal quarter for the four fiscal quarters ending on that date, to be less than 1.25 to 1.0. 

6.32.2 Total Cash Flow Leverage Ratio. The Borrower will not permit the Total Cash Flow Leverage Ratio, as of the
last day of any fiscal quarter for the four consecutive fiscal quarters ending on that date, to be (i) as of the Restatement Date, and as of September 30, 2012, December 31, 2012, and March 31, 2013, more than 3.25 to 1.0,
(ii) as of June 30, 2013, September 30, 2013, December 31, 2013, and March 31, 2014, more than 3.00 to 1.0, and (iii) for all periods thereafter, more than 2.50 to 1.0. 

6.32.3 Capital Expenditures. The Borrower will not, nor will it permit any Subsidiary to, expend, or be committed
to expend, in excess of $20,000,000 for Capital Expenditures during any one fiscal year on a non-cumulative basis in the aggregate for the Borrower and its Subsidiaries. Notwithstanding the foregoing, in the event the Borrower and its Subsidiaries
do not expend the entire capital expenditure limitation in a given fiscal year, the Borrower may carry forward to the immediately succeeding fiscal year up to 50% of the unutilized portion; provided that for the avoidance of doubt any such amounts
carried over can only be used in the immediately succeeding fiscal year, after which time such amounts shall cease to be carried over. All Capital Expenditures shall be applied first to reduce the applicable capital expenditure limitation for the
period during which such Capital Expenditures are made, and then to reduce the carry-forward from the previous fiscal year, if any. 
 ARTICLE VII 
 DEFAULTS 

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

7.1 Any representation or warranty made or deemed made by or on behalf of the Borrower or any of its Subsidiaries to the Lenders or the
Administrative Agent under or in connection with this Agreement, any Credit Extension or any certificate or information delivered in connection with this Agreement or any other Loan Document being false or misleading in any material respect on the
date as of which made. 

  
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 7.2 Nonpayment of principal of any Loan when due, or nonpayment of any Reimbursement
Obligation within one Business Day after the same becomes due, or nonpayment of interest upon any Loan or of any commitment fee, LC Fronting Fee, LC Fee or other obligations under any of the Loan Documents within five days after the same becomes
due. 
 7.3 The breach by the Borrower of any of the terms or provisions of Section 6.2, 6.3, 6.7, 6.17, 6.18, 6.19, 6.20,
6.21, 6.22, 6.23, 6.24, 6.25, 6.26, 6.27, 6.28, 6.29, 6.30, 6.31 and 6.32. 
 7.4 The breach by the Borrower (other than a
breach that constitutes an Event of Default under another Section of this Article VII) of any of the terms or provisions of this Agreement which breach is not remedied within 30 days after the earlier of (a) the Borrower becomes aware
thereof or (b) the Borrower receives notice of the same from Administrative Agent; provided, however, that if such breach cannot reasonably be cured within such 30-day period, as determined by the Administrative Agent, in its reasonable
discretion, and the Borrower is diligently pursuing a remedy of such breach, the Borrower shall have a reasonable period to remedy such breach beyond such 30-day period, which shall not exceed 90 days. 

7.5 Failure of the Borrower or any of its Subsidiaries to pay when due any Material Indebtedness, the default by the Borrower or any of
its Subsidiaries in the performance (beyond the applicable grace period with respect thereto, if any) of any term, provision or condition in any Material Indebtedness Agreement, or any other event or condition, the effect of which default, event or
condition is to cause, or to permit the holder(s) of such Material Indebtedness or the lender(s) under any Material Indebtedness Agreement to cause, such Material Indebtedness to become due prior to its stated maturity or any commitment to lend
under any Material Indebtedness Agreement to be terminated prior to its stated expiration date; any Material Indebtedness of the Borrower or any of its Subsidiaries being declared to be due and payable or required to be prepaid or repurchased (other
than by a regularly scheduled payment) prior to the stated maturity thereof; or the Borrower or any of its Subsidiaries failure to pay, or admit in writing its inability to pay, its debts generally as they become due. 

7.6 The Borrower or any of its Subsidiaries (i) has an order for relief entered with respect to it under the federal bankruptcy laws
as now or hereafter in effect, (ii) makes an assignment for the benefit of creditors, (iii) applies for, seeks, consents to or acquiesces in the appointment of a receiver, custodian, trustee, examiner, liquidator or similar official for it
or any Substantial Portion of its Property, (iv) institutes any proceeding seeking an order for relief under the federal bankruptcy laws as now or hereafter in effect, seeking to adjudicate it a bankrupt or insolvent or seeking dissolution,
winding up, liquidation, reorganization, arrangement, adjustment or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors or fails to file an answer or other pleading denying the
material allegations of any such proceeding filed against it, (v) takes any corporate or partnership action to authorize or effect any of the foregoing actions set forth in this Section or (vi) fails to contest in good faith any
appointment or proceeding described in Section 7.7. 
 7.7 Without the application, approval or consent of the Borrower or
any of its Subsidiaries, a receiver, trustee, examiner, liquidator or similar official is appointed for the Borrower or any of its Subsidiaries or any Substantial Portion of its Property, or a proceeding described in Section 7.6(iv) is
instituted against the Borrower or any of its Subsidiaries, and such appointment continues undischarged or such proceeding continues undismissed or unstayed for a period of 60 consecutive days. 

  
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 7.8 Any court, government or governmental agency condemns, seizes or otherwise appropriates
or takes custody or control of all or any portion of the Property of the Borrower and its Subsidiaries that, when taken together with all other Property of the Borrower and its Subsidiaries so condemned, seized, appropriated or taken custody or
control of, during the twelve-month period ending with the month in which any such action occurs, constitutes a Substantial Portion. 
 7.9 The Borrower or any of its Subsidiaries fails within 30 days to pay, bond or otherwise discharge one or more (i) judgments or orders for the payment of money in excess of $10,000,000 (or the
equivalent thereof in currencies other than Dollars) in the aggregate, or (ii) nonmonetary judgments or orders that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, which judgment(s), in any
such case, is/are not stayed on appeal or otherwise being appropriately contested in good faith. 
 7.10 An ERISA Event occurs
that, in the opinion of the Required Lenders, when taken together with all other ERISA Events that have occurred, could reasonably be expected to result in a Material Adverse Effect. 

7.11 Nonpayment by the Borrower or any Subsidiary of any material Rate Management Obligation when due or the breach by the Borrower or
any Subsidiary of any term, provision or condition in any material Rate Management Transaction or any transaction of the type described in the definition of “Rate Management Transactions,” whether or not any Lender or Affiliate of a Lender
is a party thereto. 
 7.12 Any Change in Control. 
 7.13 The occurrence of any “default,” as defined in any Loan Document (other than this Agreement) or the breach of any of the terms or provisions of any Loan Document (other than this
Agreement), which default or breach continues beyond any notice, grace or cure period therein provided. 
 7.14 The Guaranty
fails to remain in full force or effect, any action is taken to discontinue or to assert the invalidity or unenforceability of the Guaranty as to any Guarantor, any Guarantor fails to comply with any of the terms or provisions of the Guaranty, or
any Guarantor denies that it has any further liability under the Guaranty or gives notice to such effect. 
 7.15 Any Collateral
Document necessary to create or grant a security interest in the Collateral or to perfect a security interest in the Collateral (the “Material Collateral Documents”) for any reason fails to create a valid and perfected
first-priority security interest in any substantial portion of the Collateral or any material Collateral purported to be covered thereby, except as permitted by the terms of such Material Collateral Documents, fails to remain in full force or
effect, any action is taken to discontinue or to assert the invalidity or unenforceability of any Material Collateral Document, or the Borrower or any Domestic Subsidiary fails to comply in any material way with any of the terms or provisions of any
Material Collateral Document to which it is a party (subject to any applicable notice, grace or cure periods therein provided). 

  
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 ARTICLE VIII 
 ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 
 8.1.
Acceleration; Remedies.  
 (a) If any Event of Default described in Section 7.6 or 7.7
occurs, the obligations of the Lenders to make Loans hereunder and the obligation and power of the LC Issuer to issue Facility LCs shall automatically terminate and the Obligations (other than obligations arising under Financial Contracts or Cash
Management Services Agreements) shall immediately become due and payable without any election or action on the part of the Administrative Agent, the LC Issuer or any Lender and the Borrower will be and become thereby unconditionally obligated,
without any further notice, act or demand, to pay to the Administrative Agent an amount in immediately available funds, which funds shall be held in the Facility LC Collateral Account, equal to the difference of (x) the amount of LC Obligations
at such time, less (y) the amount on deposit in the Facility LC Collateral Account at such time that is free and clear of all rights and claims of third parties and has not been applied against the Obligations (such difference, the
“Collateral Shortfall Amount”). If any other Event of Default occurs, the Required Lenders (or the Administrative Agent with the consent of the Required Lenders) may (a) terminate or suspend the obligations of the Lenders to
make Loans hereunder and the obligation and power of the LC Issuer to issue Facility LCs, or declare the Obligations (other than obligations arising under Financial Contracts or Cash Management Services Agreements) to be due and payable, or both,
whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives, and (b) upon notice to the Borrower and in addition to the
continuing right to demand payment of all amounts payable under this Agreement, make demand on the Borrower to pay, and the Borrower will, forthwith upon such demand and without any further notice or act, pay to the Administrative Agent, the
Collateral Shortfall Amount, which shall be deposited in the Facility LC Collateral Account. 
 (b) If at any
time while any Event of Default is continuing, the Administrative Agent determines that the Collateral Shortfall Amount at such time is greater than zero, the Administrative Agent may make demand on the Borrower to pay, and the Borrower will,
forthwith upon such demand and without any further notice or act, pay to the Administrative Agent, the Collateral Shortfall Amount, which shall be deposited in the Facility LC Collateral Account. 

(c) The Administrative Agent may at any time or from time to time after funds are deposited in the Facility LC Collateral
Account apply such funds to the payment of the Obligations and any other amounts as have become due and payable by the Borrower to the Lenders or the LC Issuer under the Loan Documents, as provided in Section 8.2. 

(d) At any time while any Event of Default is continuing, neither the Borrower nor any Person claiming on behalf of or
through the Borrower shall have any right to withdraw any of the funds held in the Facility LC Collateral Account. After all of the Obligations have been indefeasibly paid in full and the Aggregate Commitment has been terminated, any funds remaining
in the Facility LC Collateral Account shall be returned by the Administrative Agent to the Borrower or paid to whomever may be legally entitled thereto at such time. 

  
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 (e) If, within 90 days after acceleration of the maturity of the Obligations
or termination of the obligations of the Lenders to make Loans and the obligation and power of the LC Issuer to issue Facility LCs hereunder as a result of any Event of Default (other than any Event of Default as described in Section 7.6 or
7.7) and before any judgment or decree for the payment of the Obligations due has been obtained or entered, the Required Lenders (in their sole discretion) so direct, the Administrative Agent shall, by notice to the Borrower, rescind and annul such
acceleration and/or termination. 
 (f) Upon and during the continuation of any Event of Default, the
Administrative Agent may, subject to the direction of the Required Lenders, exercise all rights and remedies under the Loan Documents and enforce all other rights and remedies under applicable law. 

8.2. Application of Funds. After the exercise of remedies provided for in Section 8.1 (or after the Obligations have
automatically become immediately due and payable as set forth in the first sentence of Section 8.1(i)), the Administrative Agent shall apply any amounts it receives on account of the Obligations in the following order: 

8.2.1. First, to payment of fees, indemnities, expenses and other amounts (including fees, charges and disbursements of
counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; 
 8.2.2. Second, to payment of fees, indemnities and other amounts (other than principal, interest, LC Fees and Commitment Fees) payable to the Lenders and the LC Issuer (including fees, charges and
disbursements of counsel to the respective Lenders and the LC Issuer as required by Section 9.6 and amounts payable under Article III); 
 8.2.3. Third, to payment of accrued and unpaid LC Fees, LC Fronting Fees, Commitment Fees and interest on the Loans and Reimbursement Obligations, ratably among the Lenders and the LC Issuer in proportion
to the respective amounts described in this Section payable to them; 
 8.2.4. Fourth, ratably, (a) to
payment of the unpaid principal of the Loans and Reimbursement Obligations, Rate Management Obligations then due and owing to the Lenders, and obligations with respect to Cash Management Services provided by a Lender and then due and owing to such
Lender, ratably among the Lenders in proportion to their Pro Rata Shares and (b) to the Administrative Agent for deposit to the Facility LC Collateral Account; 

8.2.5. Fifth, to payment of all other Obligations ratably among the Lenders; and 

8.2.6. Last, the balance, if any, to the Borrower or as otherwise required by law. 

  
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 8.3. Amendments. The Required Lenders (or the Administrative Agent with the consent
in writing of the Required Lenders) and the Borrower may enter into agreements supplemental hereto for the purpose of adding or modifying any provisions to the Loan Documents, changing in any manner the rights of the Lenders or the Borrower
hereunder or waiving any Event of Default hereunder; provided, however, that no such supplemental agreement shall: 
 (a) without the consent of each Lender directly affected thereby, extend the final maturity of any Loan, extend the expiry date of any Facility LC to a date after the Facility Termination Date, postpone
any regularly scheduled payment of principal of any Loan, forgive all or any portion of the principal amount thereof or any Reimbursement Obligation related thereto, reduce the rate or extend the time of payment of interest or fees thereon or
Reimbursement Obligations related thereto or increase the amount of the Commitment of any Lender hereunder; 

(b) without the consent of all of the Lenders, reduce the percentage specified in the definition of Required Lenders;

 (c) without the consent of all of the Lenders, extend the Facility Termination Date, or permit the Borrower to
assign its rights under this Agreement; 
 (d) without the consent of all of the Lenders, amend the definition of
“Defaulting Lender”; 
 (e) without the consent of all of the Lenders, amend Section 6.4 to permit
the Borrower to carry on and conduct its business in a substantially different manner or in a substantially different field of enterprise as such business is conducted on the Restatement Date; 

(f) without the consent of all of the Lenders, amend Section 12.3 to add any consents, restrictions or limitations on
the right of a Lender to assign its Loans or Commitments; 
 (g) without the consent of all of the Lenders, amend
this Section; 
 (h) without the consent of all of the Lenders, amend Section 11.2 regarding the requirement
to share payments with the other Lenders based on the applicable Pro Rata Shares of the Lenders; or 
 (i)
without the consent of all of the Lenders, release any guarantor of any Advance or, except as provided in the Collateral Documents, release all or substantially all of any Collateral. 
 No amendment of any provision of this Agreement relating to the Administrative Agent shall be effective without the written consent of the Administrative Agent, and no amendment of any provision relating
to the LC Issuer shall be effective without the written consent of the LC Issuer. No amendment to any provision of this Agreement relating to the Swing Line Lender or any Swing Line Loans shall be effective without the written consent of the Swing
Line Lender. 

  
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 8.4. Preservation of Rights. No delay or omission of the Lenders, the LC Issuer or
the Administrative Agent to exercise any right under the Loan Documents shall impair such right or be construed to be a waiver of any Event of Default or an acquiescence therein, and the making of a Credit Extension notwithstanding the existence of
an Event of Default or the inability of the Borrower to satisfy the conditions precedent to such Credit Extension shall not constitute any waiver or acquiescence. Any single or partial exercise of any such right shall not preclude other or further
exercise thereof or the exercise of any other right, and no waiver, amendment or other variation of the terms, conditions or provisions of the Loan Documents whatsoever shall be valid unless in writing signed by the Lenders required pursuant to
Section 8.2, and then only to the extent specifically set forth in such writing. All remedies in the Loan Documents or afforded by law shall be cumulative and shall be available to the Administrative Agent, the LC Issuer and the Lenders until
the Obligations have been paid in full. 
 ARTICLE IX 

GENERAL PROVISIONS 
 9.1. Survival of Representations. All representations and warranties of the Borrower in this Agreement shall survive the making of the Credit Extensions herein contemplated. 

9.2. Governmental Regulation. Anything in this Agreement to the contrary notwithstanding, neither the LC Issuer nor any Lender
shall be obligated to extend credit to the Borrower in violation of any limitation or prohibition provided by any applicable statute or regulation. 
 9.3. Headings. Section headings in the Loan Documents are for convenience of reference only and shall not govern the interpretation of any of the provisions of the Loan Documents. 

9.4. Entire Agreement. The Loan Documents embody the entire agreement and understanding among the Borrower, the Administrative
Agent, the LC Issuer and the Lenders and supersede all prior agreements and understandings among the Borrower, the Administrative Agent, the LC Issuer and the Lenders relating to the subject matter thereof other than those contained in the U.S. Bank
Fee Letter. 
 9.5. Several Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder
are several and not joint, and no Lender shall be the partner or agent of any other (except to the extent to which the Administrative Agent is authorized to act as such). The failure of any Lender to perform any of its obligations hereunder shall
not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors and assigns,
provided, however, that the parties hereto expressly agree that the Arrangers shall enjoy the benefits of the provisions of Sections 9.6, 9.10 and 10.11 to the extent specifically set forth therein and shall have the right to enforce
such provisions on its own behalf and in its own name to the same extent as if it were a party to this Agreement. 

  
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 9.6. Expenses; Indemnification.  

(a) The Borrower shall reimburse the Administrative Agent upon demand for all reasonable out-of-pocket expenses paid or
incurred by the Administrative Agent, including, without limitation, filing and recording costs and fees, costs of any environmental review (including the costs of internal review of a third party environmental review), charges and disbursements of
outside counsel to the Administrative Agent and/or following the occurrence of an Event of Default the allocated costs of in-house counsel incurred from time to time, in connection with the preparation, negotiation, execution, delivery, syndication,
distribution (including, without limitation, via the internet), review, amendment, modification and administration of the Loan Documents. The Borrower also agrees to reimburse the Administrative Agent, the Arrangers, the LC Issuer and the Lenders
for any reasonable costs, internal charges and out-of-pocket expenses, including charges and disbursements of outside counsel to the Administrative Agent, the Arrangers, the LC Issuer and the Lenders (determined on the basis of each such
counsel’s generally applicable rates, which may be higher than the rates such counsel charges such parties in certain matters) and/or the allocated costs of in-house counsel incurred from time to time, paid or incurred by the Administrative
Agent, the Arrangers, the LC Issuer or any Lender in connection with the collection and enforcement of the Loan Documents. Expenses being reimbursed by the Borrower under this Section include, without limitation, reasonable costs and expenses
incurred in connection with the Reports described in the following sentence. The Borrower acknowledges that from time to time U.S. Bank may prepare and may distribute to the Lenders (but shall have no obligation or duty to prepare or to distribute
to the Lenders) certain audit reports (the “Reports”) pertaining to the Borrower’s assets for internal use by U.S. Bank from information furnished to it by or on behalf of the Borrower, after U.S. Bank has exercised its rights
of inspection pursuant to this Agreement. 
 (b) The Borrower hereby further agrees to indemnify the
Administrative Agent, the Arrangers, the LC Issuer, each Lender, their respective affiliates and each of their directors, officers, employees, agents and advisors against all losses, claims, damages, penalties, judgments, liabilities and expenses
(including, without limitation, all expenses of litigation or preparation therefor whether or not the Administrative Agent, the Arrangers, the LC Issuer, any Lender or any affiliate is a party thereto) that any of them may pay or incur arising out
of or relating to this Agreement, the other Loan Documents, the transactions contemplated hereby or the direct or indirect application or proposed application of the proceeds of any Credit Extension hereunder except to the extent that they are
determined in a final non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the party seeking indemnification. The obligations of the Borrower under Section 9.6(a) and
(b) shall survive the termination of this Agreement. 
 9.7. Numbers of Documents. All statements, notices, closing
documents and requests hereunder shall be furnished to the Administrative Agent with sufficient counterparts so that the Administrative Agent may furnish one to each of the Lenders. 

  
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 9.8. Accounting. Except as provided to the contrary herein, all accounting terms used
herein shall be interpreted and all accounting determinations hereunder shall be made in accordance with GAAP in a manner consistent with that used in preparing the financial statements referred to in Section 5.4. If at any time any change in
GAAP would affect in any material respect the computation of any financial ratio or requirement set forth in any Loan Document, and the Borrower, the Administrative Agent or the Required Lenders so request, the Administrative Agent, the Lenders and
the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders), provided that, until so amended, such
ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and the Borrower shall provide to the Administrative Agent and the Lenders reconciliation statements showing the difference in such calculation,
together with the delivery of monthly, quarterly and annual financial statements required hereunder. 
 9.9. Severability of
Provisions. Any provision in any Loan Document that is held to be inoperative, unenforceable or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable or invalid without affecting the remaining provisions in
that jurisdiction or the operation, enforceability or validity of that provision in any other jurisdiction, and to this end the provisions of all Loan Documents are declared to be severable. 

9.10. Nonliability of Lenders. The relationship between the Borrower on the one hand and the Lenders, the LC Issuer and the
Administrative Agent on the other hand shall be solely that of borrower and lender. Neither the Administrative Agent, the Arrangers, the LC Issuer nor any Lender shall have any fiduciary responsibilities to the Borrower. Neither the Administrative
Agent, the Arrangers, the LC Issuer nor any Lender undertakes any responsibility to the Borrower to review or inform the Borrower of any matter in connection with any phase of the Borrower’s business or operations. The Borrower agrees that
neither the Administrative Agent, the Arrangers, the LC Issuer nor any Lender shall have liability to the Borrower (whether sounding in tort, contract or otherwise) for losses suffered by the Borrower in connection with, arising out of or in any way
related to the transactions contemplated and the relationship established by the Loan Documents, or any act, omission or event occurring in connection therewith, unless it is determined in a final non-appealable judgment by a court of competent
jurisdiction that such losses resulted from the gross negligence or willful misconduct of the party from which recovery is sought. Neither the Administrative Agent, the Arrangers, the LC Issuer nor any Lender shall have any liability with respect
to, and the Borrower hereby waives, releases and agrees not to sue for, any special, indirect, consequential or punitive damages suffered by the Borrower in connection with, arising out of or in any way related to the Loan Documents or the
transactions contemplated thereby. 
 9.11. Confidentiality. The Administrative Agent and each Lender agrees to hold any
confidential information that it receives from the Borrower or any Subsidiary in connection with this Agreement in confidence, except for disclosure (i) to its Affiliates and to the Administrative Agent and any other Lender and their respective
Affiliates, (ii) to its legal counsel, accountants, and other professional advisors or to a Transferee, (iii) to regulatory officials, (iv) to any Person as requested pursuant to or as required by law, regulation or legal process,
(v) to any Person in connection with any legal proceeding to which it is a party, (vi) to its direct or indirect contractual counterparties in swap agreements or to legal counsel, accountants and other professional advisors to such
counterparties, and (vii) permitted by Section 12.4. Without limiting Section 9.4, the Borrower agrees that the terms of this Section shall set forth the entire agreement between the Borrower and the Administrative Agent and each
Lender with respect to any confidential information previously or hereafter received by the Administrative Agent or such Lender in connection with this Agreement, and this Section shall supersede any and all prior confidentiality agreements entered
into by the Administrative Agent or any Lender with respect to such confidential information. 

  
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 9.12. Nonreliance. Each Lender hereby represents that it is not relying on or looking
to any margin stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System) for the repayment of the Credit Extensions provided for herein. 
 9.13. Disclosure. The Borrower and each Lender hereby acknowledge and agree that U.S. Bank and/or its Affiliates from time to time may hold investments in, make other loans to or have other
relationships with the Borrower and its Affiliates. 
 9.14. U.S.A. PATRIOT ACT NOTIFICATION. The following notification
is provided to Borrower pursuant to Section 326 of the U.S.A. Patriot Act: 
 Each Lender that is subject to the
requirements of the U.S.A. Patriot Act hereby notifies the Borrower and each Subsidiary that pursuant to the requirements of the U.S.A. Patriot Act, such Lender is required to obtain, verify and record information that identifies such Borrower or
Subsidiary, which information includes the name and address of such Person and other information that will allow such Lender to identify such Person in accordance with the U.S.A. Patriot Act. 

ARTICLE X 

THE ADMINISTRATIVE AGENT 
 10.1. Appointment; Nature of Relationship. Each Lender hereby appoints U.S. Bank as its contractual representative (herein referred to as the “Administrative Agent”) hereunder and
under each other Loan Document, and each of the Lenders irrevocably authorizes the Administrative Agent to act as the contractual representative of such Lender with the rights and duties expressly set forth herein and in the other Loan Documents.
The Administrative Agent agrees to act as such contractual representative upon the express conditions in this Article X. Notwithstanding the use of the defined term “Administrative Agent,” it is expressly understood and agreed that
the Administrative Agent shall not have any fiduciary responsibilities to any Lender by reason of this Agreement or any other Loan Document and that the Administrative Agent is merely acting as the contractual representative of the Lenders with only
those duties as are expressly set forth in this Agreement and the other Loan Documents. In its capacity as the Lenders’ contractual representative, the Administrative Agent (i) does not hereby assume any fiduciary duties to any of the
Lenders, (ii) is a “representative” of the Lenders within the meaning of the term “secured party” as defined in the New York Uniform Commercial Code and (iii) is acting as an independent contractor, the rights and
duties of which are limited to those expressly set forth in this Agreement and the other Loan Documents. Each of the Lenders hereby agrees to assert no claim against the Administrative Agent on any agency theory or any other theory of liability for
breach of fiduciary duty, all of which claims each Lender hereby waives. 

  
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 10.2. Powers. The Administrative Agent shall have and may exercise such powers under
the Loan Documents as are specifically delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto. The Administrative Agent shall have no implied duties to the Lenders and no obligation
to the Lenders to take any action thereunder except any action specifically provided by the Loan Documents to be taken by the Administrative Agent. 
 10.3. General Immunity. Neither the Administrative Agent nor any of its directors, officers, agents or employees shall be liable to the Borrower or any Lender for any action taken or omitted to be
taken hereunder or under any other Loan Document or in connection herewith or therewith except to the extent such action or inaction is determined in a final non-appealable judgment by a court of competent jurisdiction to have arisen from the gross
negligence or willful misconduct of the Administrative Agent or any its directors, officers, agents or employees, as the case may be. 
 10.4. No Responsibility for Loans, Recitals, etc. Neither the Administrative Agent nor any of its directors, officers, agents or employees shall be responsible for or have any duty to ascertain,
inquire into or verify (a) any statement, warranty or representation made in connection with any Loan Document or any borrowing hereunder; (b) the performance or observance of any of the covenants or agreements of any obligor under any
Loan Document, including, without limitation, any agreement by an obligor to furnish information directly to each Lender; (c) the satisfaction of any condition specified in Article IV, except receipt of items required to be delivered
solely to the Administrative Agent; (d) the existence or possible existence of any Default or Event of Default; (e) the validity, enforceability, effectiveness, sufficiency or genuineness of any Loan Document or any other instrument or
writing furnished in connection therewith; (f) the value, sufficiency, creation, perfection or priority of any Lien in any collateral security; or (g) the financial condition of the Borrower or any guarantor of any of the Obligations or of
any of the Borrower’s or any such guarantor’s respective Subsidiaries. 
 10.5. Action on Instructions of
Lenders. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, hereunder and under any other Loan Document in accordance with written instructions signed by the Required Lenders, and such
instructions and any action taken or failure to act pursuant thereto shall be binding on all of the Lenders. The Lenders hereby acknowledge that the Administrative Agent shall be under no duty to take any discretionary action permitted to be taken
by it pursuant to the provisions of this Agreement or any other Loan Document unless the Required Lenders request in writing that it take such action. The Administrative Agent shall be fully justified in failing or refusing to take any action
hereunder and under any other Loan Document unless it is first indemnified to its satisfaction by the Lenders pro rata against any and all liability, cost and expense that it may incur by reason of taking or continuing to take any such action.

 10.6. Employment of Administrative Agents and Counsel. The Administrative Agent may execute any of its duties as
Administrative Agent hereunder and under any other Loan Document by or through employees, agents and attorneys-in-fact and shall not be answerable to the Lenders, except as to money or securities received by it or its authorized agents, for the
default or misconduct of any employees, agents or attorneys-in-fact selected by it with reasonable care. The Administrative Agent shall be entitled to advice of counsel concerning the contractual arrangement between the Administrative Agent and the
Lenders and all matters pertaining to the Administrative Agent’s duties hereunder and under any other Loan Document. 

  
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 10.7. Reliance on Documents; Counsel. The Administrative Agent shall be entitled to
rely upon any Note, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex, electronic mail message, statement, paper or document it believes to be genuine and correct and to have been signed or sent by the proper person or
persons, and, in respect to legal matters, upon the opinion of counsel selected by the Administrative Agent, which counsel may be employees of the Administrative Agent. For purposes of determining compliance with the conditions specified in Sections
4.1 and 4.2, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or
satisfactory to a Lender unless the Administrative Agent has received notice from such Lender prior to the applicable date specifying its objection thereto. 
 10.8. Administrative Agent’s Reimbursement and Indemnification. The Lenders agree to reimburse and indemnify the Administrative Agent ratably in proportion to their respective Commitments (or,
if the Commitments have been terminated, in proportion to their Commitments immediately prior to such termination) (i) for any amounts not reimbursed by the Borrower for which the Administrative Agent is entitled to reimbursement by the
Borrower under the Loan Documents, (ii) for any other expenses incurred by the Administrative Agent on behalf of the Lenders, in connection with the preparation, execution, delivery, administration and enforcement of the Loan Documents
(including, without limitation, for any expenses incurred by the Administrative Agent in connection with any dispute between the Administrative Agent and any Lender or between two or more of the Lenders) and (iii) for any liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind and nature whatsoever that may be imposed on, incurred by or asserted against the Administrative Agent in any way relating to or arising
out of the Loan Documents or any other document delivered in connection therewith or the transactions contemplated thereby (including, without limitation, for any such amounts incurred by or asserted against the Administrative Agent in connection
with any dispute between the Administrative Agent and any Lender or between two or more of the Lenders), or the enforcement of any of the terms of the Loan Documents or of any such other documents, provided that (i) no Lender shall be
liable for any of the foregoing to the extent any of the foregoing is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Administrative Agent and
(ii) any indemnification required pursuant to Section 3.5(g) shall, notwithstanding the provisions of this Section, be paid by the relevant Lender in accordance with the provisions thereof. The obligations of the Lenders under this Section
shall survive payment of the Obligations and termination of this Agreement. 
 10.9. Notice of Event of Default. The
Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the Administrative Agent has received written notice from a Lender or the Borrower referring to this Agreement
describing such Default or Event of Default and stating that such notice is a “notice of default.” In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give prompt notice thereof to the Lenders;
provided that, except as expressly set forth in the Loan Documents, the Administrative Agent shall have no duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Subsidiaries
that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. 

  
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 10.10. Rights as a Lender. In the event the Administrative Agent is a Lender, the
Administrative Agent shall have the same rights and powers hereunder and under any other Loan Document with respect to its Commitment and its Loans as any Lender and may exercise the same as though it were not the Administrative Agent, and the term
“Lender” or “Lenders” shall, at any time when the Administrative Agent is a Lender, unless the context otherwise requires, include the Administrative Agent in its individual capacity. The Administrative Agent and its Affiliates
may accept deposits from, lend money to and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan Document, with the Borrower or any of its Subsidiaries in
which the Borrower or such Subsidiary is not restricted hereby from engaging with any other Person. 
 10.11. Lender Credit
Decision, Legal Representation.  
 (a) Each Lender acknowledges that it has, independently and
without reliance upon the Administrative Agent, the Arrangers or any other Lender and based on the financial statements prepared by the Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent, the Arrangers or any other Lender and based on such documents and
information as it deems appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan Documents. Except for any notice, report, document or other information expressly
required to be furnished to the Lenders by the Administrative Agent or Arrangers hereunder, neither the Administrative Agent nor the Arrangers shall have any duty or responsibility (either initially or on a continuing basis) to provide any Lender
with any notice, report, document, credit information or other information concerning the affairs, financial condition or business of the Borrower or any of its Affiliates that may come into the possession of the Administrative Agent or the
Arrangers (whether or not in their respective capacity as Administrative Agent or the Arrangers) or any of their Affiliates. 
 (b) Each Lender further acknowledges that it has had the opportunity to be represented by legal counsel in connection with its execution of this Agreement and the other Loan Documents, that it has made
its own evaluation of all applicable laws and regulations relating to the transactions contemplated hereby and that the counsel to the Administrative Agent represents only the Administrative Agent and not the Lenders in connection with this
Agreement and the transactions contemplated hereby. 

  
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 10.12. Successor Administrative Agent. The Administrative Agent may resign at any
time by giving written notice thereof to the Lenders and the Borrower, such resignation to be effective upon the appointment of a successor Administrative Agent or, if no successor Administrative Agent has been appointed, forty-five days after the
retiring Administrative Agent gives notice of its intention to resign. Upon any such resignation or removal, the Required Lenders shall have the right to appoint, on behalf of the Borrower and the Lenders, a successor Administrative Agent. If no
successor Administrative Agent is so appointed by the Required Lenders within thirty days after the resigning Administrative Agent’s giving notice of its intention to resign, then the resigning Administrative Agent may appoint, on behalf of the
Borrower and the Lenders, a successor Administrative Agent. Notwithstanding the previous sentence, the Administrative Agent may at any time without the consent of the Borrower or any Lender appoint any of its Affiliates that is a commercial bank as
a successor Administrative Agent hereunder. If the Administrative Agent has resigned or been removed and no successor Administrative Agent has been appointed, the Lenders may perform all the duties of the Administrative Agent hereunder and the
Borrower shall make all payments in respect of the Obligations to the applicable Lender and for all other purposes shall deal directly with the Lenders. No successor Administrative Agent shall be deemed to be appointed hereunder until such successor
Administrative Agent has accepted the appointment. Any such successor Administrative Agent shall be a commercial bank having capital and retained earnings of at least $100,000,000. Upon the acceptance of any appointment as Administrative Agent
hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the resigning or removed Administrative Agent. Upon the
effectiveness of the resignation of the Administrative Agent, the resigning Administrative Agent shall be discharged from its duties and obligations hereunder and under the Loan Documents. After the effectiveness of the resignation of an
Administrative Agent, the provisions of this Article X shall continue in effect for the benefit of such Administrative Agent in respect of any actions taken or omitted to be taken by it while it was acting as the Administrative Agent hereunder
and under the other Loan Documents. 
 10.13. Administrative Agent and Arranger Fees. The Borrower agrees to pay to the
Administrative Agent and the Arrangers, for their respective accounts, the fees agreed to by the Borrower, the Administrative Agent and the Arranger pursuant to the U.S. Bank Fee Letter, or as otherwise agreed from time to time. 

10.14. Delegation to Affiliates. The Borrower and the Lenders agree that the Administrative Agent may delegate any of its duties
under this Agreement to any of its Affiliates. Any such Affiliate (and such Affiliate’s directors, officers, agents and employees) that performs duties in connection with this Agreement shall be entitled to the same benefits of the
indemnification, waiver and other protective provisions to which the Administrative Agent is entitled under Articles IX and X. 

10.15. Execution of Collateral Documents. The Lenders hereby empower and authorize the Administrative Agent to execute and deliver
to the Borrower on their behalf the Collateral Documents, all related financing statements and any financing statements, agreements, documents or instruments that are necessary or appropriate to effect the purposes of the Collateral Documents.

 10.16. Collateral Releases. The Lenders hereby empower and authorize the Administrative Agent to execute and deliver
to the Borrower on their behalf any agreements, documents or instruments that are necessary or appropriate to effect any releases of Collateral that (a) does not have a fair market value in excess of $1,000,000 individually or in the aggregate
in any fiscal year, or (b) all of the Lenders (other than any Defaulting Lender) have approved in writing by the terms hereof or of any other Loan Document or otherwise. 

  
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 10.17. Other Agents; Arrangers, Etc. None of the Lenders identified on the facing
page or signature pages of this Agreement as a “syndication agent,” “documentation agent,” “collateral agent,” “joint arranger,” “lead arranger” or “book manager” shall have any right,
power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, none of the Lenders so identified shall have or be deemed to have any fiduciary
relationship with any Lender. Each Lender acknowledges that it has not relied, and will not rely, on any of the Lenders so identified in deciding to enter into this Agreement or in taking or not taking action hereunder. 

ARTICLE XI 

SETOFF; RATABLE PAYMENTS 
 11.1. Setoff. The Borrower hereby grants each Lender a security interest in all deposits, credits and deposit accounts (including all account balances, whether provisional or final and whether or
not collected or available) of the Borrower with such Lender or any Affiliate of such Lender (the “Deposits”). In addition to, and without limitation of, any rights of the Lenders under applicable law, if the Borrower becomes
insolvent, however evidenced or defined, or any Event of Default occurs, the Borrower authorizes each Lender to offset and apply all such Deposits toward the payment of the Obligations owing to such Lender, whether or not the Obligations, or any
part thereof, are then due and regardless of the existence or adequacy of any collateral, guaranty or any other security, right or remedy available to any Lender. 
 11.2. Ratable Payments. If any Lender, whether by setoff or otherwise, has payment made to it upon its Outstanding Credit Exposure (other than payments received pursuant to Section 3.1, 3.2,
3.4 or 3.5) in a greater proportion than that received by any other Lender, such Lender agrees, promptly upon demand, to purchase a portion of the Aggregate Outstanding Credit Exposure held by the other Lenders so that after such purchase each
Lender will hold its Pro Rata Share of the Aggregate Outstanding Credit Exposure. If any Lender, whether in connection with setoff or amounts that might be subject to setoff or otherwise, receives collateral or other protection for its Obligations
or such amounts that may be subject to setoff, such Lender agrees, promptly upon demand, to take such action necessary such that all Lenders share in the benefits of such collateral ratably in proportion to their respective Pro Rata Shares of the
Aggregate Outstanding Credit Exposure. In case any such payment is disturbed by legal process, or otherwise, the Lenders agree to make appropriate further adjustments. 

  
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 ARTICLE XII 
 BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS 
 12.1.
Successors and Assigns. The terms and provisions of the Loan Documents shall be binding upon and inure to the benefit of the Borrower and the Lenders and their respective successors and assigns permitted hereby, except that (i) the
Borrower shall not have the right to assign its rights or obligations under the Loan Documents without the prior written consent of each Lender, (ii) any assignment by any Lender must be made in compliance with Section 12.3, and
(iii) any transfer by Participation must be made in compliance with Section 12.2. Any attempted assignment or transfer by any party not made in compliance with this Section shall be null and void, unless such attempted assignment or
transfer is treated as a participation in accordance with Section 12.3.2. The parties to this Agreement acknowledge that clause (ii) of this Section relates only to absolute assignments and this Section does not prohibit assignments
creating security interests, including, without limitation, (x) any pledge or assignment by any Lender of all or any portion of its rights under this Agreement and any Note to a Federal Reserve Bank or (y) in the case of a Lender that is a
Fund, any pledge or assignment of all or any portion of its rights under this Agreement and any Note to its trustee in support of its obligations to its trustee; provided, however, that no such pledge or assignment creating a security
interest shall release the transferor Lender from its obligations hereunder unless and until the parties thereto have complied with the provisions of Section 12.3. The Administrative Agent may treat the Person that made any Loan or that holds
any Note as the owner thereof for all purposes hereof unless and until such Person complies with Section 12.3; provided, however, that the Administrative Agent may in its discretion (but shall not be required to) follow instructions from
the Person that made any Loan or that holds any Note to direct payments relating to such Loan or Note to another Person. Any assignee of the rights to any Loan or any Note agrees by acceptance of such assignment to be bound by all the terms and
provisions of the Loan Documents. Any request, authority or consent of any Person that at the time of making such request or giving such authority or consent is the owner of the rights to any Loan (whether or not a Note has been issued in evidence
thereof) shall be conclusive and binding on any subsequent holder or assignee of the rights to such Loan. 
 12.2.
Participations. 
 12.2.1. Permitted Participants; Effect. Any Lender may at any time sell to one
or more banks or other entities (“Participants”) participating interests in any Outstanding Credit Exposure owing to such Lender, any Note held by such Lender, any Commitment of such Lender or any other interest of such Lender under
the Loan Documents. In the event of any such sale by a Lender of participating interests to a Participant, such Lender’s obligations under the Loan Documents shall remain unchanged, such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations, such Lender shall remain the owner of its Outstanding Credit Exposure and the holder of any Note issued to it in evidence thereof for all purposes under the Loan Documents, all amounts payable
by the Borrower under this Agreement shall be determined as if such Lender had not sold such participating interests and the Borrower and the Administrative Agent shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under the Loan Documents. 
 12.2.2. Voting Rights. Each Lender shall
retain the sole right to approve, without the consent of any Participant, any amendment, modification or waiver of any provision of the Loan Documents other than any amendment, modification or waiver with respect to any Outstanding Credit Exposure
or Commitment in which such Participant has an interest that would require consent of all of the Lenders pursuant to the terms of Section 8.2 or of any other Loan Document. 

  
 94 

 12.2.3. Benefit of Certain Provisions. The Borrower agrees that each
Participant shall be deemed to have the right of setoff provided in Section 11.1 in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest were owing
directly to it as a Lender under the Loan Documents, provided that each Lender shall retain the right of setoff provided in Section 11.1 with respect to the amount of participating interests sold to each Participant. The Lenders agree to
share with each Participant, and each Participant, by exercising the right of setoff provided in Section 11.1, agrees to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared in
accordance with Section 11.2 as if each Participant were a Lender. The Borrower further agrees that each Participant shall be entitled to the benefits of Sections 3.1, 3.2, 3.4, 3.5, 9.6 and 9.10 to the same extent as if it were a Lender and
had acquired its interest by assignment pursuant to Section 12.3, provided that (i) a Participant shall not be entitled to receive any greater payment under Section 3.1, 3.2 or 3.5 than the Lender who sold the participating
interest to such Participant would have received had it retained such interest for its own account, unless the sale of such interest to such Participant is made with the prior written consent of the Borrower, and (ii) any Participant not
incorporated under the laws of the United States of America or any State thereof agrees to comply with the provisions of Section 3.5 to the same extent as if it were a Lender. 

12.3. Assignments. 
 12.3.1. Permitted Assignments. Any Lender may at any time assign to one or more Eligible Assignees (“Purchasers”) all or any part of its rights and obligations under the Loan
Documents. Such assignment shall be substantially in the form of Exhibit B or in such other form reasonably acceptable to the Administrative Agent as agreed to by the parties thereto. Each assignment to a Purchaser that is not a Lender,
an Affiliate of a Lender or an Approved Fund shall either be in an amount equal to the entire applicable Commitment and Outstanding Credit Exposure of the assigning Lender or (unless each of the Borrower and the Administrative Agent otherwise
consents) be in an aggregate amount not less than $5,000,000. The amount of the assignment shall be based on the Commitment or Outstanding Credit Exposure (if the Commitment has been terminated) subject to the assignment, determined as of the date
of such assignment or as of the “Trade Date,” if the “Trade Date” is specified in the assignment. 
 12.3.2. Consents. The consent of the Borrower shall be required prior to an assignment becoming effective unless the Purchaser is a Lender, an Affiliate of a Lender or an Approved Fund, provided
that the consent of the Borrower shall not be required if an Event of Default has occurred and is continuing. The consent of the Administrative Agent shall be required prior to an assignment becoming effective unless the Purchaser is a Lender, an
Affiliate of a Lender or an Approved Fund. The consent of the LC Issuer shall be required prior to an assignment of a Commitment becoming effective unless the Purchaser is a Lender with a Commitment. Any consent required under this Section shall not
be unreasonably withheld or delayed. 

  
 95 

 12.3.3. Effect; Effective Date. Upon (i) delivery to the
Administrative Agent of an assignment, together with any consents required by Sections 12.3.1 and 12.3.2, and (ii) payment of a $3,500 fee to the Administrative Agent for processing such assignment (unless the Administrative Agent waives such
fee), such assignment shall become effective on the effective date specified in such assignment. The assignment shall contain a representation by the Purchaser to the effect that none of the consideration used to make the purchase of the Commitment
and Outstanding Credit Exposure under the applicable assignment agreement constitutes “plan assets” as defined under ERISA and that the rights and interests of the Purchaser in and under the Loan Documents will not be “plan
assets” under ERISA. On and after the effective date of such assignment, such Purchaser shall for all purposes be a Lender party to this Agreement and any other Loan Document executed by or on behalf of the Lenders and shall have all the rights
and obligations of a Lender under the Loan Documents, to the same extent as if it were an original party thereto, and the transferor Lender shall be released with respect to the Commitment and Outstanding Credit Exposure assigned to such Purchaser
without any further consent or action by the Borrower, the Lenders or the Administrative Agent. In the case of an assignment covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a
Lender hereunder but shall continue to be entitled to the benefits of, and subject to, those provisions of this Agreement and the other Loan Documents that survive payment of the Obligations and termination of the applicable agreement. Any
assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in
accordance with Section 12.2. Upon the consummation of any assignment to a Purchaser pursuant to this Section, the transferor Lender, the Administrative Agent and the Borrower shall, if the transferor Lender or the Purchaser desires that its
Loans be evidenced by Notes, make appropriate arrangements so that new Notes or, as appropriate, replacement Notes are issued to such transferor Lender and new Notes or, as appropriate, replacement Notes, are issued to such Purchaser, in each case
in principal amounts reflecting their respective Commitments, as adjusted pursuant to such assignment. 
 12.3.4.
Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices in the United States of America a copy of each assignment agreement delivered to it and a register for the
recordation of the names and addresses of the Lenders, the Commitments of and principal amounts of the Loans owing to each Lender, and participations of each Lender in Facility LCs, pursuant to the terms hereof from time to time (the
“Register”). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder
for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower at any reasonable time and from time to time upon reasonable prior notice. 

12.4. Dissemination of Information. The Borrower authorizes each Lender to disclose to any Participant, Purchaser, other Person
acquiring an interest in the Loan Documents by operation of law (each a “Transferee”) and prospective Transferee any and all information in such Lender’s possession concerning the creditworthiness of the Borrower and its
Subsidiaries, including without limitation any information contained in any Reports; provided that each Transferee and prospective Transferee agrees to be bound by Section 9.11 of this Agreement. 

  
 96 

 12.5. Tax Treatment. If any interest in any Loan Document is transferred to any
Transferee that is not incorporated under the laws of the United States or any State thereof, the transferor Lender shall cause such Transferee, concurrently with the effectiveness of such transfer, to comply with the provisions of
Section 3.5(d). 
 ARTICLE XIII 
 NOTICES 
 13.1. Notices; Effectiveness; Electronic
Communication. 
 (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and except as provided in paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by
certified or registered mail or sent by telecopier as follows: 
 (i) if to the Borrower, at its address or
telecopier number set forth on its signature page hereof; 
 (ii) if to the Administrative Agent, at its address
or telecopier number set forth on its signature page hereof; 
 (iii) if to the LC Issuer, at its address or
telecopier number set forth on its signature page hereof; 
 (iv) if to a Lender, at its address or telecopier
number set forth in its Administrative Questionnaire. 
 Notices sent by hand or overnight courier service, or
mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (or, if not given during normal business hours for the recipient, at the opening of
business on the next Business Day for the recipient). Notices delivered through electronic communications to the extent provided in paragraph (b) below shall be effective as provided in said paragraph (b). 

(b) Electronic Communications. Notices and other communications to the Lenders and the LC Issuer hereunder may be
delivered or furnished by electronic communication (including e-mail and internet or intranet websites) pursuant to procedures approved by the Administrative Agent or as otherwise determined by the Administrative Agent, provided that the foregoing
shall not apply to notices to any Lender or the LC Issuer pursuant to Article II if such Lender or the LC Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic
communication. The Administrative Agent or the Borrower may, in its respective discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it or as it otherwise
determines, provided that such determination or approval may be limited to particular notices or communications. 

  
 97 

 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), provided that if such notice or other communication is not given during the normal business hours of the recipient, such notice or communication shall be deemed to have been given at the opening of business on the
next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing
clause (i) of notification that such notice or communication is available and identifying the website address therefor. 
 (c) Change of Address, etc. Any party hereto may change its address or telecopier number for notices and other communications hereunder by notice to the other parties hereto. 

ARTICLE XIV 

COUNTERPARTS; INTEGRATION; EFFECTIVENESS; ELECTRONIC EXECUTION; 

EFFECT OF EXISTING AGREEMENTS 
 14.1. Counterparts; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of
which when taken together shall constitute a single contract. Except as provided in Article IV, this Agreement shall become effective when the Administrative Agent has executed this Agreement and received counterparts hereof that, when taken
together, bear the signatures of each of the parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of
this Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement. 
 14.2.
Electronic Execution of Assignments. The words “execution,” “signed” and “signature” and words of like import in any assignment and assumption agreement shall be deemed to include electronic signatures or the
keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided
for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act or any other state laws based on the Uniform Electronic Transactions Act. 

14.3. Effect of Existing Credit Agreement and Existing Security Documents.  

(a) Existing Credit Agreement. This Agreement amends and restates the Existing Credit Agreement in its entirety,
provided that obligations of the Borrower incurred under the Existing Credit Agreement, excluding the commitments of the Lenders thereunder, which shall terminate as of the Restatement Date, shall continue under this Agreement, and shall not in any
circumstances be terminated, extinguished or discharged hereby or thereby but shall hereafter be governed by the terms of this Agreement. 

  
 98 

 (b) Existing Security Documents. The Obligations hereunder are, and
continue to be, secured by the security interest granted by the Borrower in favor of the Administrative Agent and the Lenders under the Existing Security Documents, as amended and restated by the Security Agreement. 

ARTICLE XV 

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

15.1. CHOICE OF LAW. THE LOAN DOCUMENTS (OTHER THAN THOSE CONTAINING A CONTRARY EXPRESS CHOICE OF LAW PROVISION) SHALL BE
CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS) OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.  

15.2. CONSENT TO JURISDICTION. THE BORROWER AND ADMINISTRATIVE AGENT AND EACH LENDER HEREBY IRREVOCABLY SUBMITS TO THE
NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT SITTING IN MINNEAPOLIS, MINNESOTA IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS, IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR
PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM.
NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE ADMINISTRATIVE AGENT, THE LC ISSUER OR ANY LENDER TO BRING PROCEEDINGS AGAINST THE BORROWER IN THE COURTS OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY THE BORROWER AGAINST THE ADMINISTRATIVE
AGENT, THE LC ISSUER OR ANY LENDER OR ANY AFFILIATE OF THE ADMINISTRATIVE AGENT, THE LC ISSUER OR ANY LENDER INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO OR CONNECTED WITH ANY LOAN DOCUMENT SHALL BE BROUGHT
ONLY IN A COURT IN MINNEAPOLIS, MINNESOTA. 
 15.3. WAIVER OF JURY TRIAL. THE BORROWER, THE ADMINISTRATIVE
AGENT, THE LC ISSUER AND EACH LENDER HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO OR CONNECTED WITH ANY
LOAN DOCUMENT OR THE RELATIONSHIP ESTABLISHED THEREUNDER. 
 [Signature Pages Follow] 

  
 99 

 IN WITNESS WHEREOF, the Borrower, the Lenders, the LC Issuer and the Administrative Agent
have executed this Agreement as of the date first above written. 
  

			
	 ROADRUNNER TRANSPORTATION
 SYSTEMS, INC.

		
	By:	 	/s/ Peter R. Armbruster
	Name:	 	Peter R. Armbruster
	Title:	 	 Vice President
 4900
Pennsylvania Avenue
 P.O. Box 8903

Cudahy, WI 53110-890

	
	Attention: Peter Armbruster
		 	Telephone: (414) 615-1648
		 	FAX: (414) 486-0093

 With copies to: 
 HCI Equity Management, L.P. 
 80 South 8th Street 
 Suite 4508 
 Minneapolis, MN 55402 
 Attention: Judy Vijums 
 Telephone: (612) 766-9133 

Fax: (612) 332-2012 
 Greenberg Traurig,
LLP 
 2375 E. Camelback Road 
 Suite
700 
 Phoenix, AZ 85016 
 Attention:
Bruce E. Macdonough 
 Telephone: (602) 445-8305 
 Fax: (602) 445-8618 

  
 Third Amended
and Restated Credit Agreement 
 S-1 

 
			
	 U.S. BANK NATIONAL ASSOCIATION,
 as a Lender, as LC Issuer and as Administrative Agent

		
	By:	 	/s/ Richard A. Clemmerson
	Name:	 	Richard A. Clemmerson
	Title:	 	 Vice President
 800 Nicollet
Mall
 Minneapolis, MN 55402

	
	Attention: Richard A. Clemmerson
		 	Telephone: (612) 303-4163
		 	FAX: (612) 303-2257

 With a copy to: 
 Dorsey & Whitney, LLP 
 50 South Sixth Street, Suite 1500 

Minneapolis, MN 55419 
 Attention: Peter T.
Nelson 
 Telephone: (612) 492-6033 

Fax: (612) 677-3326 

  
 Third Amended
and Restated Credit Agreement 
 S-2 

 
			
	REGIONS BANK, as a Lender
		
	By:	 	/s/ Stuart A. Hall
	Name:	 	Stuart A. Hall
	Title:	 	Vice President
		
		 	 201 Milan Parkway

Birmingham, AL 35211

	Attention: Tyanja Thomas
		 	Telephone: (205) 420-7737
		 	FAX: (205) 261-7069
		
		 	 
		 	Warrenville, IL
	Attention: David Thomas
		 	Telephone: (630) 836-8737

  
 Third Amended
and Restated Credit Agreement 
 S-3 

 
			
	SUNTRUST BANK, as a Lender
		
	By:	 	/s/ Chris Hursey
	Name:	 	Chris Hursey
	Title:	 	Vice President
		
		 	 211 Perimeter Center Parkway

Atlanta, GA 30346

	Attention: Cheryl Hodge
		 	Telephone: (770) 352-5158
		 	FAX: (404) 588-4406
		
		 	 3333 Peachtree Road N.E., 8th Floor
 Mail Code: GA-Atlanta-2020
 Atlanta, GA 30326

	Attention: Christopher Hursey
		 	Telephone: (404) 439-7424
		 	FAX: (404) 439-7409

  
 Third Amended
and Restated Credit Agreement 
 S-4 

 
			
	KEYBANK NATIONAL ASSOCIATION, as a Lender
		
	 By:
	 	 /s/ James A. Gelle

	 Name:
	 	James A. Gelle
	 Title:
	 	Vice President
		
		 	 4900 Tiedeman Road

Brooklyn, OH 44144

	 Attention: Matt Schorgl

		 	 Telephone: (216) 813-4812

		 	 FAX: (216) 370-6001

		
		 	 127 Public Square

Cleveland, OH 44114

	 Attention: James Gelle

		 	 Telephone: (216) 689-3396

		 	 FAX: (216) 689-4814

  
 Third Amended
and Restated Credit Agreement 
 S-5 

 
			
	BRANCH BANKING AND TRUST COMPANY, as a Lender
		
	 By:
	 	 /s/ Brian R. Jones

	 Name:
	 	Brian R. Jones
	 Title:
	 	Vice President
		
		 	 200 West 2nd St., 16th Floor Winston
 Salem, NC 27101

	 Attention: Beth Cook

		 	 Telephone: (336) 733-2726

		 	 FAX: (336) 733-2740

	
	 Attention: Brian R. Jones

		 	 Telephone: (336) 733-2723

		 	 FAX: (336) 733-2740

  
 Third Amended
and Restated Credit Agreement 
 S-6 

 
			
	FIFTH THIRD BANK, as a Lender
		
	 By:
	 	 /s/ Mark G. Gerlach

	 Name:
	 	Mark G. Gerlach
	 Title:
	 	VP
		
		 	 5050 Kingsley Drive
 Mail
Drop: 1MOC2B
 Cincinnati, OH 45227

	 Attention: Donna Borgman

		 	 Telephone: (513) 358-7154

		 	 FAX: (513) 358-3480

		
		 	 222 S. Riverside Plaza
 Mail
Drop: GRVR3B
 Chicago, IL 60606

	 Attention: Mark Gerlach

		 	 Telephone: (312) 704-2990

		 	 FAX: (312) 704-4375

  
 Third Amended
and Restated Credit Agreement 
 S-7 

 
			
	BMO HARRIS BANK N.A., as a Lender
		
	 By:
	 	 /s/ Isabella Battista

	 Name:
	 	Isabella Battista
	 Title:
	 	Vice President
		
		 	 111 W. Monroe Street, 17W

Chicago, IL 60603

	 Attention: Shequitis Booker

		 	 Telephone: (312) 461-6702

		 	 FAX: (312) 293-5283

	
	 Attention: Kenneth Kramer

		 	 Telephone: (312) 461-6378

		 	 FAX: (312) 293-4044

  
 Third Amended
and Restated Credit Agreement 
 S-8 

 
			
	 JPMORGAN CHASE BANK, N.A., as a
 Lender

		
	By:	 	/s/ Oliver Lopez
	Name:	 	Oliver Lopez
	Title:	 	Associate
		
		 	 10 S. Dearborn 7th Floor

Chicago, IL 60603

	Attention:
		 	Telephone:   (312) 385-7072
		 	FAX:            (312) 256-2608
	
	Attention:        Olivier Lopez
		 	Telephone:   (312) 325-3229
		 	FAX:            (312) 244-3027

  
 Third Amended
and Restated Credit Agreement 
 S-9 

 
			
	 SIEMENS FINANCIAL SERVICES, INC., as a
 Lender

		
	By:	 	/s/ Jay Heirshberg
	Name:	 	Jay Heirshberg
	Title:	 	Deal Manager
		
	By:	 	/s/ Melissa J. Brown
	Name:	 	Melissa J. Brown
	Title:	 	Sr. Transaction Coordinator
		
		 	 170 Wood Avenue South

Iselin, NJ 08830

	Attention:        Doug Maher
		 	Telephone:   (732) 476-3562
		 	FAX:            (732) 476-3567
	
	Attention:        Melissa J. Brown
		 	Telephone:   (732) 590-6565
		 	FAX:            (919) 374-9105

  

  
 Third Amended
and Restated Credit Agreement 
 S-10 

 
			
	 PNC BANK, NATIONAL ASSOCIATION, as
 a Lender

		
	By:	 	/s/ Doug Whitaker
	Name:	 	Doug Whitaker
	Title:	 	Officer
		
		 	 6750 Miller Road

Brecksville, OH 44141

	Attention:        Janet Gordon
		 	Telephone:   (440) 546-7356
		 	FAX:            (877) 723-1114
		
		 	 One N. Franklin, 28th Floor

Chicago, IL 60606

	Attention:        Michael Leong
		 	Telephone:   (312) 384-4631
		 	FAX:            (312) 338-8128

  

  
 Third Amended
and Restated Credit Agreement 
 S-11 

 
			
	THE PRIVATEBANK AND TRUST COMPANY, as a Lender
		
	By:	 	 /s/ James A. Meyer

	Name:	 	James A. Meyer
	Title:	 	Managing Director
		
		 	 70 West Madison Street

Chicago, IL 60602

	Attention:        Israel Balaguer
		 	Telephone:    (312) 564-1777
		 	FAX:             (312) 564-1794
		
		 	 743 N. Water Street

Milwaukee, WI 53202

	Attention:        James A. Meyer
		 	Telephone:    (414) 291-7124
		 	FAX:             (414) 291-7171

  
 Third Amended
and Restated Credit Agreement 
 S-12 

 
			
	FIRSTMERIT BANK, N.A., as a Lender
		
	By:	 	 /s/ Robert G. Morlan

	Name:	 	Robert G. Morlan
	Title:	 	Senior Vice President
		
		 	 4455 Hills & Dales Road NW
 Canton, OH 44708

	Attention:        Patti Broom
		 	Telephone:    (330) 479-7961
		 	FAX:             (330) 996-6071
		
		 	 101 N. Wacker Drive, Suite 106
 Chicago, IL 60606

	Attention:        Tim Daniels
		 	Telephone:    (312) 429-3607
		 	FAX:             (312) 263-2960

  
 Third Amended
and Restated Credit Agreement 
 S-13 

 
			
	 STIFEL BANK & TRUST, as a Lender

		
	By:	 	 /s/ John D. Haffenreffer

	Name:	 	John D. Haffenreffer
	Title:	 	President
		
		 	 955 Executive Parkway, Suite 216
 St. Louis, MO 63141

	Attention:        Heather Levin
		 	Telephone:    (314) 317-1243
		 	FAX:             (866) 294-9247

  
 Third Amended
and Restated Credit Agreement 
 S-14EX-10.1

 Exhibit 10.1 
 CERUS CORPORATION 
 2008
EQUITY INCENTIVE PLAN 
 APPROVED BY
COMPENSATION COMMITTEE ON: APRIL 22, 2008 

APPROVED BY STOCKHOLDERS: JUNE 2, 2008 

AMENDED BY COMPENSATION COMMITTEE ON:
APRIL 15, 2011 
 APPROVED BY STOCKHOLDERS:
JUNE 1, 2011 
 AMENDED BY COMPENSATION
COMMITTEE ON: APRIL 9, 2012 
 APPROVED BY
STOCKHOLDERS: JUNE 6, 2012 
 TERMINATION DATE:
APRIL 21, 2018 
  

	1.	GENERAL. 

(a) Successor and Continuation of Prior Plans. The Plan is intended as the successor to and continuation of the Cerus
Corporation 1999 Equity Incentive Plan, as amended and the Cerus Corporation 1998 Non-Officer Stock Option Plan (the “Prior Plans”). Following the Effective Date, no additional stock awards shall be granted under the Prior
Plans. Any shares remaining available for future awards under the Prior Plans as of the Effective Date (the “Prior Plans Available Reserve”) shall become available for issuance pursuant to Awards granted hereunder. From and
after the Effective Date, all outstanding stock awards granted under the Prior Plans shall remain subject to the terms of the Prior Plans; however, any shares subject to outstanding stock awards granted under the Prior Plans that expire or terminate
for any reason prior to exercise or settlement (the “Returning Shares”) shall become available for issuance pursuant to Awards granted hereunder. All Awards granted on or after the Effective Date of this Plan shall be subject
to the terms of this Plan. 
 (b) Eligible Award Recipients. The persons eligible to receive Awards are Employees,
Directors and Consultants. 
 (c) Available Awards. The Plan provides for the grant of the following Awards:
(i) Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) Restricted Stock Awards, (iv) Restricted Stock Unit Awards, (v) Stock Appreciation Rights, (vi) Performance Stock Awards, (vii) Performance Cash
Awards, and (viii) Other Stock Awards. 
 (d) General Purpose. The Company, by means of the Plan, seeks to
secure and retain the services of the group of persons eligible to receive Awards as set forth in Section 1(a), to provide incentives for such persons to exert maximum efforts for the success of the Company and any Affiliate and to provide a
means by which such eligible recipients may be given an opportunity to benefit from increases in value of the Common Stock through the granting of Stock Awards. 

	2.	ADMINISTRATION. 

 (a) Administration by Board. The Board shall administer the Plan unless and until the Board delegates administration of the Plan to a Committee or Committees, as provided in
Section 2(c). 
 (b) Powers of Board. The Board shall have the power, subject to, and within the limitations
of, the express provisions of the Plan: 
 (i) To determine from time to time (A) which of the persons eligible
under the Plan shall be granted Awards; (B) when and how each Award shall be granted; (C) what type or combination of types of Award shall be granted; (D) the provisions of each Award granted (which need not be identical), including
the time or times when a person shall be permitted to receive cash or Common Stock pursuant to a Stock Award; and (E) the number of shares of Common Stock with respect to which a Stock Award shall be granted to each such person. 

(ii) To construe and interpret the Plan and Awards, and to establish, amend and revoke rules and regulations for the Plan’s
administration. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan or in any Stock Award Agreement or in the written terms of a Performance Cash Award, in a manner and to the extent it shall deem
necessary or expedient to make the Plan or Award fully effective. 
 (iii) To settle all controversies regarding the Plan
and Awards. 
 (iv) To accelerate the time at which a Stock Award may first be exercised or the time during which an
Award or any part thereof will vest in accordance with the Plan, notwithstanding the provisions in the Award stating the time at which it may first be exercised or the time during which it will vest. 

(v) To suspend or terminate the Plan at any time. Suspension or termination of the Plan shall not impair rights and obligations
under any Stock Award granted while the Plan is in effect except with the written consent of the affected Participant. 

(vi) To amend the Plan in any respect the Board deems necessary or advisable, including, without limitation, relating to Incentive
Stock Options and certain nonqualified deferred compensation under Section 409A of the Code and to bring the Plan and/or Stock Awards into compliance therewith, subject to the limitations, if any, of applicable law. However, except as provided
in Section 9(a) relating to Capitalization Adjustments, stockholder approval shall be required for any amendment of the Plan that either (A) materially increases the number of shares of Common Stock available for issuance under the Plan,
(B) materially expands the class of individuals eligible to receive Awards under the Plan, (C) materially increases the benefits accruing to Participants under the Plan or materially reduces the price at which shares of Common Stock may be
issued or purchased under the Plan, (D) materially extends the term of the Plan, or (E) expands the types of Awards available for issuance under the Plan, but only to the extent required by applicable law or listing requirements. Except as
provided above, rights under any Award granted before amendment of the Plan shall not be impaired by any amendment of the Plan unless (1) the Company requests the consent of the affected Participant, and (2) such Participant consents in
writing.  

  
 2. 

 (vii) To submit any amendment to the Plan for stockholder approval, including, but
not limited to, amendments to the Plan intended to satisfy the requirements of (A) Section 162(m) of the Code and the regulations thereunder regarding the exclusion of performance-based compensation from the limit on corporate
deductibility of compensation paid to Covered Employees, (B) Section 422 of the Code regarding “incentive stock options” or (C) Rule 16b-3. 
 (viii) To approve forms of Award Agreements for use under the Plan and to amend the terms of any one or more Awards, including, but not limited to, amendments to provide terms more favorable to the
Participant than previously provided in the Award Agreement, subject to any specified limits in the Plan that are not subject to Board discretion; provided however, that the Participant’s rights under any Award shall not be impaired by
any such amendment unless (A) the Company requests the consent of the affected Participant, and (B) such Participant consents in writing. Notwithstanding the foregoing, subject to the limitations of applicable law, if any, and without the
affected Participant’s consent, the Board may amend the terms of any one or more Awards if necessary to maintain the qualified status of the Award as an Incentive Stock Option or to bring the Award into compliance with Section 409A of the
Code and Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued or amended after the Effective Date. 

(ix) Generally, to exercise such powers and to perform such acts as the Board deems necessary or expedient to promote the best
interests of the Company and that are not in conflict with the provisions of the Plan or Awards. 
 (x) To adopt such
procedures and sub-plans as are necessary or appropriate to permit participation in the Plan by Employees, Directors or Consultants who are foreign nationals or employed outside the United States. 

(c) Delegation to Committee. 
 (i) General. The Board may delegate some or all of the administration of the Plan to a Committee or Committees. If administration of the Plan is delegated to a Committee, the Committee shall
have, in connection with the administration of the Plan, the powers theretofore possessed by the Board that have been delegated to the Committee, including the power to delegate to a subcommittee of the Committee any of the administrative powers the
Committee is authorized to exercise (and references in this Plan to the Board shall thereafter be to the Committee or subcommittee), subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time
to time by the Board. The Board may retain the authority to concurrently administer the Plan with the Committee and may, at any time, revest in the Board some or all of the powers previously delegated to the Committee, Committees, subcommittee or
subcommittees. 
 (ii) Section 162(m) and Rule 16b-3 Compliance. In the sole discretion of the Board, the
Committee may consist solely of two (2) or more Outside Directors, in accordance with Section 162(m) of the Code, or solely of two (2) or more Non-Employee Directors, in accordance with Rule 16b-3. In addition, the Board or the
Committee, in its sole discretion, may (A) delegate to a Committee which need not consist of Outside Directors the authority to grant 

  
 3. 

 
Awards to eligible persons who are either (1) not then Covered Employees and are not expected to be Covered Employees at the time of recognition of income resulting from such Stock Award, or
(2) not persons with respect to whom the Company wishes to comply with Section 162(m) of the Code, or (B) delegate to a Committee which need not consist of Non-Employee Directors the authority to grant Stock Awards to eligible persons
who are not then subject to Section 16 of the Exchange Act. 
 (d) Delegation to an Officer. The Board may
delegate to one (1) or more Officers the authority to do one or both of the following (i) designate Employees who are not Officers to be recipients of Options (and, to the extent permitted by applicable law, other Stock Awards) and the
terms thereof, and (ii) determine the number of shares of Common Stock to be subject to such Stock Awards granted to such Employees; provided, however, that the Board resolutions regarding such delegation shall specify the total number
of shares of Common Stock that may be subject to the Stock Awards granted by such Officer and that such Officer may not grant a Stock Award to himself or herself. Notwithstanding anything to the contrary in this Section 2(d), the Board may not
delegate to an Officer authority to determine the Fair Market Value pursuant to Section 13(v)(ii) below. 
 (e)
Effect of Board’s Decision. All determinations, interpretations and constructions made by the Board in good faith shall not be subject to review by any person and shall be final, binding and conclusive on all persons. 

(f) Cancellation and Re-Grant of Stock Awards. Neither the Board nor any Committee shall have the authority to:
(i) effect the reduction of the exercise price of any outstanding Option or Stock Appreciation Rights under the Plan (other than pursuant to Section 9 relating to adjustments upon changes in stock), or (ii) cancel any outstanding
Options or Stock Appreciation Rights with an exercise price that is greater than the Fair Market Value on the date of cancellation in exchange for the grant in substitution therefore of cash or new Stock Awards under the Plan with an exercise price
that is less than the original exercise price of the Options or Stock Appreciation Rights, unless the stockholders of the Company have approved such an action within twelve (12) months prior to such an event. 

 

	3.	SHARES SUBJECT TO THE PLAN. 

(a) Share Reserve. Subject to the provisions of Section 9 relating to adjustments upon changes in stock, the aggregate
number of shares of Common Stock that may be issued pursuant to Stock Awards from and after the Effective Date shall not exceed 13,540,940 shares (the “Share Reserve”), which number is the sum of (i) the number of shares
subject to the Prior Plans Available Reserve, (ii) an additional 7,270,000 new shares, plus (iii) an additional number of shares in an amount not to exceed 4,588,256 shares (which number consists of the Returning Shares, if any, as such
shares become available from time to time). For clarity, the Share Reserve is a limitation in the number of shares of the Common Stock that may be issued pursuant to the Plan and does not limit the granting of Stock Awards except as provided in
Section 7(a). Shares may be issued in connection with a merger or acquisition as permitted by NASD Rule 4350(i)(1)(A)(iii) or, if applicable, NYSE Listed Company Manual Section 303A.08, or AMEX Company Guide Section 711 and such
issuance shall not reduce the number of shares available for issuance under the Plan. Furthermore, if a Stock Award (i) expires or 

  
 4. 

 otherwise terminates without having been exercised in full or (ii) is settled in cash (i.e., the
holder of the Stock Award receives cash rather than stock), such expiration, termination or settlement shall not reduce (or otherwise offset) the number of shares of the Common Stock that may be issued pursuant to the Plan. 

(b) Subject to subsection 3(c), the number of shares available for issuance under the Plan shall be reduced by: (i) one
(1) share for each share of stock issued pursuant to (A) an Option granted under Section 5, or (B) a Stock Appreciation Right granted under subsection 6(c) with respect to which the strike price is at least one hundred percent
(100%) of the Fair Market Value of the underlying Common Stock on the date of grant; and (ii) one and five tenths (1.5) shares for each share of Common Stock issued pursuant to a Restricted Stock Award, Restricted Stock Unit Award,
Performance Stock Award or Other Stock Award. 
 (c) Reversion of Shares to the Share Reserve. 

(i) Shares Available For Subsequent Issuance. If any shares of common stock issued pursuant to a Stock Award are forfeited
back to the Company because of the failure to meet a contingency or condition required to vest such shares in the Participant, then the shares which are forfeited shall revert to and again become available for issuance under the Plan.
Notwithstanding the provisions of this Section 3(c)(i), any such shares shall not be subsequently issued pursuant to the exercise of Incentive Stock Options. To the extent there is issued a share of Common Stock pursuant to a Stock Award that
counted as one and five tenths (1.5) shares against the number of shares available for issuance under the Plan pursuant to Section 3(b) and such share of Common Stock again becomes available for issuance under the Plan pursuant to this
Section 3(c), then the number of shares of Common Stock available for issuance under the Plan shall increase by one and five tenths (1.5) shares. 
 (ii) Shares Not Available For Subsequent Issuance. If any shares subject to a Stock Award are not delivered to a Participant because the Stock Award is exercised through a reduction of
shares subject to the Stock Award (i.e., “net exercised”), the number of shares that are not delivered to the Participant shall not remain available for issuance under the Plan. Also, any shares reacquired by the Company pursuant to
Section 8(g) or as consideration for the exercise of an Option shall not again become available for issuance under the Plan. 
 (d) Incentive Stock Option Limit. Notwithstanding anything to the contrary in this Section 3(d), subject to the provisions of Section 9(a) relating to Capitalization Adjustments
the aggregate maximum number of shares of Common Stock that may be issued pursuant to the exercise of Incentive Stock Options shall be the Share Reserve. 
 (e) Section 162(m) Limitation on Annual Grants. Subject to the provisions of Section 9(a) relating to Capitalization Adjustments, at such time as the Company may be subject to the
applicable provisions of Section 162(m) of the Code, no Employee shall be eligible to be granted during any calendar year Stock Awards whose value is determined by reference to an increase over an exercise or strike price of at least one
hundred percent (100%) of the Fair Market Value on the date the Stock Award is granted (that is, Options or Stock Appreciation Rights) covering more than eight hundred thousand (800,000) shares of Common Stock. 

  
 5. 

 (f) Source of Shares. The stock issuable under the Plan shall be shares of authorized
but unissued or reacquired Common Stock, including shares repurchased by the Company on the market or otherwise. 
  

	4.	ELIGIBILITY. 

 (a) Eligibility for Specific Stock Awards. Incentive Stock Options may be granted only to employees of the Company or a parent corporation or subsidiary corporation (as such terms are defined in
Sections 424(e) and (f) of the Code). Stock Awards other than Incentive Stock Options may be granted to Employees, Directors and Consultants. 
 (b) Ten Percent Stockholders. A Ten Percent Stockholder shall not be granted an Incentive Stock Option unless the exercise price of such Option is at least one hundred ten percent (110%) of
the Fair Market Value on the date of grant and the Option is not exercisable after the expiration of five (5) years from the date of grant. 
 (c) Consultants. A Consultant shall be eligible for the grant of a Stock Award only if, at the time of grant, a Form S-8 Registration Statement under the Securities Act (“Form
S-8”) is available to register either the offer or the sale of the Company’s securities to such Consultant because of the nature of the services that the Consultant is providing to the Company, because the Consultant is a natural
person, or because of any other rule governing the use of Form S-8. 
  

	5.	OPTION PROVISIONS. 

 Each Option shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. All Options shall be separately designated Incentive Stock Options or Nonstatutory Stock
Options at the time of grant, and, if certificates are issued, a separate certificate or certificates shall be issued for shares of Common Stock purchased on exercise of each type of Option. If an Option is not specifically designated as an
Incentive Stock Option, then the Option shall be a Nonstatutory Stock Option. The provisions of separate Options need not be identical; provided, however, that each Option Agreement shall include (through incorporation of provisions hereof by
reference in the Option Agreement or otherwise) the substance of each of the following provisions: 
 (a) Term. Subject
to the provisions of Section 4(b) regarding Ten Percent Stockholders, no Option shall be exercisable after the expiration of ten (10) years from the date of its grant or such shorter period specified in the Option Agreement. 

(b) Exercise Price. Subject to the provisions of Section 4(b) regarding Ten Percent Stockholders, the exercise price of each
Option shall be not less than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the Option on the date the Option is granted. Notwithstanding the foregoing, an Option may be granted with an exercise price lower
than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the Option if such Option is granted pursuant to an assumption of or substitution for another option in a manner consistent with the provisions of
Section 424(a) of the Code (whether or not such options are Incentive Stock Options). 

  
 6. 

 (c) Consideration. The purchase price of Common Stock acquired pursuant to the
exercise of an Option shall be paid, to the extent permitted by applicable law and as determined by the Board in its sole discretion, by any combination of the methods of payment set forth below. The Board shall have the authority to grant Options
that do not permit all of the following methods of payment (or otherwise restrict the ability to use certain methods) and to grant Options that require the consent of the Company to utilize a particular method of payment. The methods of payment
permitted by this Section 6(c) are: 
 (i) by cash, check, bank draft or money order payable to the Company;

 (ii) pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to the
issuance of the stock subject to the Option, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds; 

(iii) by delivery to the Company (either by actual delivery or attestation) of shares of Common Stock; 

(iv) by a “net exercise” arrangement pursuant to which the Company will reduce the number of shares of Common Stock
issued upon exercise by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price; provided, however, that the Company shall accept a cash or other payment from the Participant to the extent
of any remaining balance of the aggregate exercise price not satisfied by such reduction in the number of whole shares to be issued; provided, further, that shares of Common Stock will no longer be outstanding under an Option and will not be
exercisable thereafter to the extent that (A) shares are used to pay the exercise price pursuant to the “net exercise,” (B) shares are delivered to the Participant as a result of such exercise, and (C) shares are withheld to
satisfy tax withholding obligations; or 
 (v) in any other form of legal consideration that may be acceptable to the
Board. 
 (d) Transferability of Options. The Board may, in its sole discretion, impose such limitations on the
transferability of Options as the Board shall determine. In the absence of such a determination by the Board to the contrary, the following restrictions on the transferability of Options shall apply: 

(i) Restrictions on Transfer. An Option shall not be transferable except by will or by the laws of descent and distribution and
shall be exercisable during the lifetime of the Optionholder only by the Optionholder; provided, however, that the Board may, in its sole discretion, permit transfer of the Option in a manner consistent with applicable tax and securities laws
upon the Optionholder’s request. 
 (ii) Domestic Relations Orders. Notwithstanding the foregoing, an Option may be
transferred pursuant to a domestic relations order, provided, however, that an Incentive Stock Option may be deemed to be a Nonqualified Stock Option as a result of such transfer. 

  
 7. 

 (iii) Beneficiary Designation. Notwithstanding the foregoing, the Optionholder may,
by delivering written notice to the Company, in a form provided by or otherwise satisfactory to the Company, designate a third party who, in the event of the death of the Optionholder, shall thereafter be the beneficiary of an Option with the right
to exercise the Option and receive the Common Stock or other consideration resulting from an Option exercise. 
 (e) Vesting
Generally. The total number of shares of Common Stock subject to an Option may vest and therefore become exercisable in periodic installments that may or may not be equal. The Option may be subject to such other terms and conditions on the time
or times when it may or may not be exercised (which may be based on the satisfaction of Performance Goals or other criteria) as the Board may deem appropriate. The vesting provisions of individual Options may vary. The provisions of this
Section 5(e) are subject to any Option provisions governing the minimum number of shares of Common Stock as to which an Option may be exercised. 
 (f) Termination of Continuous Service. Except as otherwise provided in the applicable Option Agreement or other agreement between the Optionholder and the Company, in the event that an
Optionholder’s Continuous Service terminates (other than upon the Optionholder’s death or Disability), the Optionholder may exercise his or her Option (to the extent that the Optionholder was entitled to exercise such Option as of the date
of termination of Continuous Service) but only within such period of time ending on the earlier of (i) the date three (3) months following the termination of the Optionholder’s Continuous Service (or such longer or shorter period
specified in the Option Agreement), or (ii) the expiration of the term of the Option as set forth in the Option Agreement. If, after termination of Continuous Service, the Optionholder does not exercise his or her Option within the time
specified herein or in the Option Agreement (as applicable), the Option shall terminate. 
 (g) Extension
of Termination Date. Unless otherwise provided in an Optionholder’s Option Agreement, if the exercise of the Option following the termination of the Optionholder’s Continuous Service would be prohibited at any time solely because the
issuance of shares of Common Stock would violate the registration requirements under the Securities Act, then the Option shall terminate on the earlier of (i) the expiration of a period equal to the original post-termination exercise period
applicable to such Award during which the exercise of the Option would not be in violation of such registration requirements, or (ii) the expiration of the term of the Option as set forth in the Option Agreement. In addition, unless otherwise
provided in an Optionholder’s Option Agreement, if the sale of the Common Stock received upon exercise of an Option following the termination of the Optionholder’s Continuous Service would violate the Company’s insider trading policy,
then the Option shall terminate on the earlier of (i) the expiration of a period equal to the original post-termination exercise period applicable to such Award during which the exercise of the Option would not be in violation of the
Company’s insider trading policy, (ii) the 15th
day of the third month after the date on which the Option would cease to be exercisable but for this Section 5(g), or such longer period as would not cause the Option to become subject to Section 409A(a)(1) of the Code; or (iii) the
expiration of the term of the Option as set forth in the Option Agreement. 

  
 8. 

 (h) Disability of Optionholder. In the event that an Optionholder’s Continuous
Service terminates as a result of the Optionholder’s Disability, the Optionholder may exercise his or her Option (to the extent that the Optionholder was entitled to exercise such Option as of the date of termination of Continuous Service), but
only within such period of time ending on the earlier of (i) the date twelve (12) months following such termination of Continuous Service (or such longer or shorter period specified in the Option Agreement), or (ii) the expiration of
the term of the Option as set forth in the Option Agreement. If, after termination of Continuous Service, the Optionholder does not exercise his or her Option within the time specified herein or in the Option Agreement (as applicable), the Option
shall terminate. 
 (i) Death of Optionholder. In the event that (i) an Optionholder’s Continuous Service
terminates as a result of the Optionholder’s death, or (ii) the Optionholder dies within the period (if any) specified in the Option Agreement after the termination of the Optionholder’s Continuous Service for a reason other than
death, then the Option may be exercised (to the extent the Optionholder was entitled to exercise such Option as of the date of death) by the Optionholder’s estate, by a person who acquired the right to exercise the Option by bequest or
inheritance or by a person designated as the beneficiary of the Option upon the Optionholder’s death, but only within the period ending on the earlier of (A) the date eighteen (18) months following the date of death (or such longer or
shorter period specified in the Option Agreement), or (B) the expiration of the term of such Option as set forth in the Option Agreement. If, after the Optionholder’s death, the Option is not exercised within the time specified herein or
in the Option Agreement (as applicable), the Option shall terminate. If the Optionholder designates a third party beneficiary of the Option in accordance with Section 5(d)(iii), then upon the death of the Optionholder such designated
beneficiary shall have the sole right to exercise the Option and receive the Common Stock or other consideration resulting from an Option exercise. 
 (j) Non-Exempt Employees. No Option granted to an Employee who is a non-exempt employee for purposes of the Fair Labor Standards Act shall be first exercisable for any shares of Common Stock until
at least six (6) months following the date of grant of the Option. The foregoing provision is intended to operate so that any income derived by a non-exempt employee in connection with the exercise or vesting of an Option will be exempt from
his or her regular rate of pay. 
  

	6.	PROVISIONS OF STOCK AWARDS OTHER THAN OPTIONS.

 (a) Restricted Stock Awards. Each Restricted Stock Award Agreement shall be in such form and shall
contain such terms and conditions as the Board shall deem appropriate. To the extent consistent with the Company’s Bylaws, at the Board’s election, shares of Common Stock may be (x) held in book entry form subject to the
Company’s instructions until any restrictions relating to the Restricted Stock Award lapse; or (y) evidenced by a certificate, which certificate shall be held in such form and manner as determined by the Board. The terms and conditions of
Restricted Stock Award Agreements may change from time to time, and the terms and conditions of separate Restricted Stock Award Agreements need not be identical; provided, however, that each Restricted Stock Award Agreement shall include
(through incorporation of provisions hereof by reference in the agreement or otherwise) the substance of each of the following provisions: 
 (i) Consideration. A Restricted Stock Award may be awarded in consideration for (A) past or future services actually or to be rendered to the Company or an Affiliate, or (B) any other
form of legal consideration that may be acceptable to the Board in its sole discretion and permissible under applicable law. 

  
 9. 

 (ii) Vesting. Shares of Common Stock awarded under the Restricted Stock Award
Agreement may be subject to forfeiture to the Company in accordance with a vesting schedule to be determined by the Board. 

(iii) Termination of Participant’s Continuous Service. In the event a Participant’s Continuous Service terminates, the
Company may receive via a forfeiture condition, any or all of the shares of Common Stock held by the Participant that have not vested as of the date of termination of Continuous Service under the terms of the Restricted Stock Award Agreement.

 (iv) Transferability. Rights to acquire shares of Common Stock under the Restricted Stock Award Agreement shall be
transferable by the Participant only upon such terms and conditions as are set forth in the Restricted Stock Award Agreement, as the Board shall determine in its sole discretion, so long as Common Stock awarded under the Restricted Stock Award
Agreement remains subject to the terms of the Restricted Stock Award Agreement. 
 (b) Restricted Stock Unit Awards. Each
Restricted Stock Unit Award Agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The terms and conditions of Restricted Stock Unit Award Agreements may change from time to time, and the
terms and conditions of separate Restricted Stock Unit Award Agreements need not be identical; provided, however, that each Restricted Stock Unit Award Agreement shall include (through incorporation of the provisions hereof by reference in
the Agreement or otherwise) the substance of each of the following provisions: 
 (i) Consideration. At the time of grant
of a Restricted Stock Unit Award, the Board will determine the consideration, if any, to be paid by the Participant upon delivery of each share of Common Stock subject to the Restricted Stock Unit Award. The consideration to be paid (if any) by the
Participant for each share of Common Stock subject to a Restricted Stock Unit Award may be paid in any form of legal consideration that may be acceptable to the Board in its sole discretion and permissible under applicable law. 

(ii) Vesting. At the time of the grant of a Restricted Stock Unit Award, the Board may impose such restrictions or conditions to
the vesting of the Restricted Stock Unit Award as it, in its sole discretion, deems appropriate. 
 (iii) Payment. A
Restricted Stock Unit Award may be settled by the delivery of shares of Common Stock, their cash equivalent, any combination thereof or in any other form of consideration, as determined by the Board and contained in the Restricted Stock Unit Award
Agreement. 
 (iv) Additional Restrictions. At the time of the grant of a Restricted Stock Unit Award, the Board, as it
deems appropriate, may impose such restrictions or conditions that delay the delivery of the shares of Common Stock (or their cash equivalent) subject to a Restricted Stock Unit Award to a time after the vesting of such Restricted Stock Unit Award.

  
 10.

 (v) Dividend Equivalents. Dividend equivalents may be credited in respect of shares
of Common Stock covered by a Restricted Stock Unit Award, as determined by the Board and contained in the Restricted Stock Unit Award Agreement. At the sole discretion of the Board, such dividend equivalents may be converted into additional shares
of Common Stock covered by the Restricted Stock Unit Award in such manner as determined by the Board. Any additional shares covered by the Restricted Stock Unit Award credited by reason of such dividend equivalents will be subject to all the terms
and conditions of the underlying Restricted Stock Unit Award Agreement to which they relate. 
 (vi) Termination of
Participant’s Continuous Service. Except as otherwise provided in the applicable Restricted Stock Unit Award Agreement, such portion of the Restricted Stock Unit Award that has not vested will be forfeited upon the Participant’s
termination of Continuous Service. 
 (vii) Compliance with Section 409A of the Code. Notwithstanding anything to
the contrary set forth herein, any Restricted Stock Unit Award granted under the Plan that is not exempt from the requirements of Section 409A of the Code shall contain such provisions so that such Restricted Stock Unit Award will comply with
the requirements of Section 409A of the Code. Such restrictions, if any, shall be determined by the Board and contained in the Restricted Stock Unit Award Agreement evidencing such Restricted Stock Unit Award. 

(c) Stock Appreciation Rights. Each Stock Appreciation Right Agreement shall be in such form and shall contain such terms and
conditions as the Board shall deem appropriate. Stock Appreciation Rights may be granted as stand-alone Stock Awards or in tandem with other Stock Awards. The terms and conditions of Stock Appreciation Right Agreements may change from time to time,
and the terms and conditions of separate Stock Appreciation Right Agreements need not be identical; provided, however, that each Stock Appreciation Right Agreement shall include (through incorporation of the provisions hereof by reference in
the Agreement or otherwise) the substance of each of the following provisions: 
 (i) Term. No Stock Appreciation Right
shall be exercisable after the expiration of ten (10) years from the date of its grant or such shorter period specified in the Stock Appreciation Right Agreement. 
 (ii) Strike Price. Each Stock Appreciation Right will be denominated in shares of Common Stock equivalents. The strike price of each Stock Appreciation Right shall not be less than one hundred
percent (100%) of the Fair Market Value of the Common Stock equivalents subject to the Stock Appreciation Right on the date of grant. 
 (iii) Calculation of Appreciation. The appreciation distribution payable on the exercise of a Stock Appreciation Right will be not greater than an amount equal to the excess of (A) the
aggregate Fair Market Value (on the date of the exercise of the Stock Appreciation Right) of a number of shares of Common Stock equal to the number of Common Stock equivalents in which the Participant is vested under such Stock Appreciation Right,
and with respect to which the Participant is exercising the Stock Appreciation Right on such date, over (B) the strike price that will be determined by the Board at the time of grant of the Stock Appreciation Right. 

  
 11.

 (iv) Vesting. At the time of the grant of a Stock Appreciation Right, the
Board may impose such restrictions or conditions to the vesting of such Stock Appreciation Right as it, in its sole discretion, deems appropriate. 
 (v) Exercise. To exercise any outstanding Stock Appreciation Right, the Participant must provide written notice of exercise to the Company in compliance with the provisions of the Stock
Appreciation Right Agreement evidencing such Stock Appreciation Right. 
 (vi) Payment. The appreciation
distribution in respect to a Stock Appreciation Right may be paid in Common Stock, in cash, in any combination of the two or in any other form of consideration, as determined by the Board and contained in the Stock Appreciation Right Agreement
evidencing such Stock Appreciation Right. 
 (vii) Termination of Continuous Service. In the event that a
Participant’s Continuous Service terminates, the Participant may exercise his or her Stock Appreciation Right (to the extent that the Participant was entitled to exercise such Stock Appreciation Right as of the date of termination) but only
within such period of time ending on the earlier of (A) the date three (3) months following the termination of the Participant’s Continuous Service (or such longer or shorter period specified in the Stock Appreciation Right
Agreement), or (B) the expiration of the term of the Stock Appreciation Right as set forth in the Stock Appreciation Right Agreement. If, after termination, the Participant does not exercise his or her Stock Appreciation Right within the time
specified herein or in the Stock Appreciation Right Agreement (as applicable), the Stock Appreciation Right shall terminate. 

(viii) Compliance with Section 409A of the Code. Notwithstanding anything to the contrary set forth herein, any Stock
Appreciation Rights granted under the Plan that are not exempt from the requirements of Section 409A of the Code shall contain such provisions so that such Stock Appreciation Rights will comply with the requirements of Section 409A of the
Code. Such restrictions, if any, shall be determined by the Board and contained in the Stock Appreciation Right Agreement evidencing such Stock Appreciation Right. 
 (d) Performance Awards. 
 (i) Performance Stock
Awards. A Performance Stock Award is a Stock Award that may be granted, may vest, or may be exercised based upon the attainment during a Performance Period of certain Performance Goals. A Performance Stock Award may, but need not, require the
completion of a specified period of Continuous Service. The length of any Performance Period, the Performance Goals to be achieved during the Performance Period, and the measure of whether and to what degree such Performance Goals have been attained
shall be conclusively determined by the Committee in its sole discretion. The maximum number of shares that may be granted to any Participant in a calendar year attributable to Stock Awards described in this Section 6(d)(i) shall not exceed
five hundred thousand (500,000) shares of Common Stock. In addition, to the extent permitted by applicable law and the applicable Award Agreement, the Board may determine that cash may be used in payment of Performance Stock Awards. 

  
 12.

 (ii) Performance Cash Awards. A Performance Cash Award is a cash award that
may be granted upon the attainment during a Performance Period of certain Performance Goals. A Performance Cash Award may also require the completion of a specified period of Continuous Service. The length of any Performance Period, the Performance
Goals to be achieved during the Performance Period, and the measure of whether and to what degree such Performance Goals have been attained shall be conclusively determined by the Committee in its sole discretion. The maximum value that may be
granted to any Participant in a calendar year attributable to Performance Cash Awards described in this Section 6(d)(ii) shall not exceed one million dollars ($1,000,000). The Board may provide for or, subject to such terms and conditions as
the Board may specify, may permit a Participant to elect for, the payment of any Performance Cash Award to be deferred to a specified date or event. The Committee may specify the form of payment of Performance Cash Awards, which may be cash or other
property, or may provide for a Participant to have the option for his or her Performance Cash Award, or such portion thereof as the Board may specify, to be paid in whole or in part in cash or other property. In addition, to the extent permitted by
applicable law and the applicable Award Agreement, the Board may determine that Common Stock authorized under this Plan may be used in payment of Performance Cash Awards, including additional shares in excess of the Performance Cash Award as an
inducement to hold shares of Common Stock. 
 (e) Other Stock Awards. Other forms of Stock Awards valued in whole
or in part by reference to, or otherwise based on, Common Stock may be granted either alone or in addition to Stock Awards provided for under Section 5 and the preceding provisions of this Section 6. Subject to the provisions of the Plan,
the Board shall have sole and complete authority to determine the persons to whom and the time or times at which such Other Stock Awards will be granted, the number of shares of Common Stock (or the cash equivalent thereof) to be granted pursuant to
such Other Stock Awards and all other terms and conditions of such Other Stock Awards. 
  

	7.	COVENANTS OF THE COMPANY. 

(a) Availability of Shares. During the terms of the Stock Awards, the Company shall keep available at all times the number
of shares of Common Stock reasonably required to satisfy such Stock Awards. 
 (b) Securities Law Compliance. The
Company shall seek to obtain from each regulatory commission or agency having jurisdiction over the Plan such authority as may be required to grant Stock Awards and to issue and sell shares of Common Stock upon exercise of the Stock Awards;
provided, however, that this undertaking shall not require the Company to register under the Securities Act the Plan, any Stock Award or any Common Stock issued or issuable pursuant to any such Stock Award. If, after reasonable efforts, the
Company is unable to obtain from any such regulatory commission or agency the authority that counsel for the Company deems necessary for the lawful issuance and sale of Common Stock under the Plan, the Company shall be relieved from any liability
for failure to issue and sell Common Stock upon exercise of such Stock Awards unless and until such authority is obtained. 

(c) No Obligation to Notify. The Company shall have no duty or obligation to any holder of a Stock Award to advise such
holder as to the time or manner of exercising such Stock 

  
 13.

 
Award. Furthermore, the Company shall have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of a Stock Award or a possible period in which the
Stock Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of a Stock Award to the holder of such Stock Award. 
  

	8.	MISCELLANEOUS. 

 (a) Use of Proceeds from Sales of Common Stock. Proceeds from the sale of shares of Common Stock pursuant to Stock Awards shall constitute general funds of the Company. 

(b) Corporate Action Constituting Grant of Stock Awards. Corporate action constituting a grant by the Company of a Stock
Award to any Participant shall be deemed completed as of the date of such corporate action, unless otherwise determined by the Board, regardless of when the instrument, certificate, or letter evidencing the Stock Award is communicated to, or
actually received or accepted by, the Participant. 
 (c) Stockholder Rights. No Participant shall be deemed to be
the holder of, or to have any of the rights of a holder with respect to, any shares of Common Stock subject to such Stock Award unless and until such Participant has exercised the Stock Award pursuant to its terms and the Participant shall not be
deemed to be a stockholder of record until the issuance of the Common Stock pursuant to such exercise has been entered into the books and records of the Company. 
 (d) No Employment or Other Service Rights. Nothing in the Plan, any Stock Award Agreement or other instrument executed thereunder or in connection with any Award granted pursuant to the Plan
shall confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at the time the Stock Award was granted or shall affect the right of the Company or an Affiliate to terminate (i) the
employment of an Employee with or without notice and with or without cause, (ii) the service of a Consultant pursuant to the terms of such Consultant’s agreement with the Company or an Affiliate, or (iii) the service of a Director
pursuant to the Bylaws of the Company or an Affiliate, and any applicable provisions of the corporate law of the state in which the Company or the Affiliate is incorporated, as the case may be. 

(e) Incentive Stock Option $100,000 Limitation. To the extent that the aggregate Fair Market Value (determined at the time
of grant) of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company and any Affiliates) exceeds one hundred thousand dollars
($100,000), the Options or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options, notwithstanding any contrary provision of the applicable Option Agreement(s).

 (f) Investment Assurances. The Company may require a Participant, as a condition of exercising or acquiring
Common Stock under any Stock Award, (i) to give written assurances satisfactory to the Company as to the Participant’s knowledge and experience in financial and business matters and/or to employ a purchaser representative reasonably
satisfactory to the 

  
 14.

 
Company who is knowledgeable and experienced in financial and business matters and that he or she is capable of evaluating, alone or together with the purchaser representative, the merits and
risks of exercising the Stock Award; and (ii) to give written assurances satisfactory to the Company stating that the Participant is acquiring Common Stock subject to the Stock Award for the Participant’s own account and not with any
present intention of selling or otherwise distributing the Common Stock. The foregoing requirements, and any assurances given pursuant to such requirements, shall be inoperative if (A) the issuance of the shares upon the exercise or acquisition
of Common Stock under the Stock Award has been registered under a then currently effective registration statement under the Securities Act, or (B) as to any particular requirement, a determination is made by counsel for the Company that such
requirement need not be met in the circumstances under the then applicable securities laws. The Company may, upon advice of counsel to the Company, place legends on stock certificates issued under the Plan as such counsel deems necessary or
appropriate in order to comply with applicable securities laws, including, but not limited to, legends restricting the transfer of the Common Stock. 
 (g) Withholding Obligations. Unless prohibited by the terms of a Stock Award Agreement, the Company may, in its sole discretion, satisfy any federal, state or local tax withholding
obligation relating to an Award by any of the following means (in addition to the Company’s right to withhold from any compensation paid to the Participant by the Company) or by a combination of such means: (i) causing the Participant to
tender a cash payment; (ii) withholding shares of Common Stock from the shares of Common Stock issued or otherwise issuable to the Participant in connection with the Award; (iii) withholding cash from an Award settled in cash; or
(iv) by such other method as may be set forth in the Award Agreement. 
 (h) Electronic Delivery. Any
reference herein to a “written” agreement or document shall include any agreement or document delivered electronically or posted on the Company’s intranet. 
 (i) Deferrals. To the extent permitted by applicable law, the Board, in its sole discretion, may determine that the delivery of Common Stock or the payment of cash, upon the exercise,
vesting or settlement of all or a portion of any Award may be deferred and may establish programs and procedures for deferral elections to be made by Participants. Deferrals by Participants will be made in accordance with Section 409A of the
Code. Consistent with Section 409A of the Code, the Board may provide for distributions while a Participant is still an employee. The Board is authorized to make deferrals of Stock Awards and determine when, and in what annual percentages,
Participants may receive payments, including lump sum payments, following the Participant’s termination of employment or retirement, and implement such other terms and conditions consistent with the provisions of the Plan and in accordance with
applicable law. 
 (j) Compliance with Section 409A of the Code. To the extent that the Board determines that
any Award granted under the Plan is subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions necessary to avoid the consequences specified in Section 409A(a)(1) of the Code.
To the extent applicable, the Plan and Award Agreements shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any
such regulations or other guidance that may be issued or 

  
 15.

 
amended after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Board determines that any Award may be subject to
Section 409A of the Code and related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the Effective Date), the Board may adopt such amendments to the Plan and the applicable Award Agreement
or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Board determines are necessary or appropriate to (i) exempt the Award from Section 409A of
the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Award, or (ii) comply with the requirements of Section 409A of the Code and Department of Treasury regulations and other interpretive guidance
issued thereunder, including without limitation any such regulations or other guidance that may be issued or amended after the Effective Date. 
  

	9.	ADJUSTMENTS UPON CHANGES IN COMMON STOCK; OTHER
CORPORATE EVENTS. 

 (a) Capitalization Adjustments. In the event
of a Capitalization Adjustment, the Board shall appropriately adjust: (i) the class(es) and maximum number of securities subject to the Plan pursuant to Section 3(a), (ii) the class(es) and maximum number of securities that may be
issued pursuant to the exercise of Incentive Stock Options pursuant to Section 3(d), (iii) the class(es) and maximum number of securities that may be awarded to any person pursuant to Section 3(d) and 6(d)(i), and (iv) the
class(es) and number of securities and price per share of stock subject to outstanding Stock Awards. The Board shall make such adjustments, and its determination shall be final, binding and conclusive. 

(b) Dissolution or Liquidation. Except as otherwise provided in the Stock Award Agreement, in the event of a dissolution or
liquidation of the Company, all outstanding Stock Awards (other than Stock Awards consisting of vested and outstanding shares of Common Stock not subject to the Company’s right of repurchase) shall terminate immediately prior to the completion
of such dissolution or liquidation, and the shares of Common Stock subject to the Company’s repurchase option may be repurchased by the Company notwithstanding the fact that the holder of such Stock Award is providing Continuous Service,
provided, however, that the Board may, in its sole discretion, cause some or all Stock Awards to become fully vested, exercisable and/or no longer subject to repurchase or forfeiture (to the extent such Stock Awards have not previously
expired or terminated) before the dissolution or liquidation is completed but contingent on its completion. 
 (c)
Corporate Transaction. The following provisions shall apply to Stock Awards in the event of a Corporate Transaction unless otherwise provided in the instrument evidencing the Stock Award or any other written agreement between the Company or
any Affiliate and the Participant or unless otherwise expressly provided by the Board at the time of grant of a Stock Award. 

(i) Stock Awards May Be Assumed. Except as otherwise stated in the Stock Award Agreement, in the event of a Corporate
Transaction, any surviving corporation or acquiring corporation (or the surviving or acquiring corporation’s parent company) may assume or continue any or all Stock Awards outstanding under the Plan or may substitute similar stock awards for
Stock Awards outstanding under the Plan (including but not limited to, awards to 

  
 16.

 
acquire the same consideration paid to the stockholders of the Company pursuant to the Corporate Transaction), and any reacquisition or repurchase rights held by the Company in respect of Common
Stock issued pursuant to Stock Awards may be assigned by the Company to the successor of the Company (or the successor’s parent company, if any), in connection with such Corporate Transaction. A surviving corporation or acquiring corporation
(or its parent) may choose to assume or continue only a portion of a Stock Award or substitute a similar stock award for only a portion of a Stock Award. The terms of any assumption, continuation or substitution shall be set by the Board in
accordance with the provisions of Section 2. 
 (ii) Stock Awards Held by Current Participants. Except as
otherwise stated in the Stock Award Agreement, in the event of a Corporate Transaction in which the surviving corporation or acquiring corporation (or its parent company) does not assume or continue such outstanding Stock Awards or substitute
similar stock awards for such outstanding Stock Awards, then with respect to Stock Awards that have not been assumed, continued or substituted and that are held by Participants whose Continuous Service has not terminated prior to the effective time
of the Corporate Transaction (referred to as the “Current Participants”), the vesting of such Stock Awards (and, with respect to Options and Stock Appreciation Rights, the time at which such Stock Awards may be exercised)
shall be accelerated in full to a date prior to the effective time of such Corporate Transaction (contingent upon the effectiveness of the Corporate Transaction) as the Board shall determine (or, if the Board shall not determine such a date, to the
date that is five (5) days prior to the effective time of the Corporate Transaction), and such Stock Awards shall terminate if not exercised (if applicable) at or prior to the effective time of the Corporate Transaction, and any reacquisition
or repurchase rights held by the Company with respect to such Stock Awards shall lapse (contingent upon the effectiveness of the Corporate Transaction). 
 (iii) Stock Awards Held by Persons other than Current Participants. Except as otherwise stated in the Stock Award Agreement, in the event of a Corporate Transaction in which the surviving
corporation or acquiring corporation (or its parent company) does not assume or continue such outstanding Stock Awards or substitute similar stock awards for such outstanding Stock Awards, then with respect to Stock Awards that have not been
assumed, continued or substituted and that are held by persons other than Current Participants, such Stock Awards shall terminate if not exercised (if applicable) prior to the effective time of the Corporate Transaction; provided, however,
that any reacquisition or repurchase rights held by the Company with respect to such Stock Awards shall not terminate and may continue to be exercised notwithstanding the Corporate Transaction. 

(iv) Payment for Stock Awards in Lieu of Exercise. Notwithstanding the foregoing, in the event a Stock Award will terminate
if not exercised prior to the effective time of a Corporate Transaction, the Board may provide, in its sole discretion, that the holder of such Stock Award may not exercise such Stock Award but will receive a payment, in such form as may be
determined by the Board, equal in value, at the effective time, to the excess, if any, of (A) the fair market value of the property the holder of the Stock Award would have received upon the exercise of the Stock Award (including, at the
discretion of the Board, any unvested portion of such Stock Award), over (B) any exercise price payable by such holder in connection with such exercise. 

  
 17.

 (d) Change in Control. A Stock Award may be subject to additional acceleration
of vesting and exercisability upon or after a Change in Control as may be provided in the Stock Award Agreement for such Stock Award or as may be provided in any other written agreement between the Company or any Affiliate and the Participant, but
in the absence of such provision, no such acceleration shall occur. 
  

	10.	TERMINATION OR SUSPENSION OF THE PLAN. 

(a) Plan Term. Unless sooner terminated by the Board pursuant to Section 2, the Plan shall automatically terminate on
the day before the tenth (10th) anniversary of the date the Plan is adopted by the Board or approved by the stockholders of the Company, whichever is earlier. No Awards may be granted under the Plan while the Plan is suspended or after it is
terminated. 
 (b) No Impairment of Rights. Termination of the Plan shall not impair rights and obligations under
any Award granted while the Plan is in effect except with the written consent of the affected Participant. 
  

	11.	EFFECTIVE DATE OF PLAN. 

This Plan shall become effective on the Effective Date. 
  

	12.	CHOICE OF LAW. 

 The law of the State of California shall govern all questions concerning the construction, validity and interpretation of this Plan, without regard to such state’s conflict of laws rules. 

 

	13.	DEFINITIONS. As used in the Plan, the definitions contained in this Section 13 shall apply to the capitalized terms indicated below:

 (a) “Affiliate” means, at the time of determination, any “parent” or
“subsidiary” of the Company as such terms are defined in Rule 405 of the Securities Act. The Board shall have the authority to determine the time or times at which “parent” or “subsidiary” status is determined within
the foregoing definition. 
 (b) “Award” means a Stock Award or a Performance Cash Award.

 (c) “Board” means the Board of Directors of the Company. 

(d) “Capitalization Adjustment” means any change that is made in, or other events that occur with respect
to, the Common Stock subject to the Plan or subject to any Stock Award after the Effective Date without the receipt of consideration by the Company (through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend,
dividend in property other than cash, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other transaction not involving the receipt of consideration by the Company. Notwithstanding the
foregoing, the conversion of any convertible securities of the Company shall not be treated as a transaction “without receipt of consideration” by the Company. 

  
 18.

 (e) “Cause” means with respect to a Participant, the
occurrence of any of the following events: (i) such Participant’s commission of any felony or any crime involving fraud, dishonesty or moral turpitude under the laws of the United States or any state thereof; (ii) such
Participant’s attempted commission of, or participation in, a fraud or act of dishonesty against the Company; (iii) such Participant’s intentional, material violation of any contract or agreement between the Participant and the
Company or of any statutory duty owed to the Company; (iv) such Participant’s unauthorized use or disclosure of the Company’s confidential information or trade secrets; or (v) such Participant’s gross misconduct. The
determination that a termination of the Participant’s Continuous Service is either for Cause or without Cause shall be made by the Company in its sole discretion. Any determination by the Company that the Continuous Service of a Participant was
terminated by reason of dismissal without Cause for the purposes of outstanding Awards held by such Participant shall have no effect upon any determination of the rights or obligations of the Company or such Participant for any other purpose.

 (f) “Change in Control” means the occurrence, in a single transaction or in a series of
related transactions, of any one or more of the following events: 
 (i) any Exchange Act Person becomes the Owner,
directly or indirectly, of securities of the Company representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities other than by virtue of a merger, consolidation or similar
transaction . Notwithstanding the foregoing, a Change in Control shall not be deemed to occur (A) on account of the acquisition of securities of the Company by an investor, any affiliate thereof or any other Exchange Act Person from the Company
in a transaction or series of related transactions the primary purpose of which is to obtain financing for the Company through the issuance of equity securities or (B) solely because the level of Ownership held by any Exchange Act Person (the
“Subject Person”) exceeds the designated percentage threshold of the outstanding voting securities as a result of a repurchase or other acquisition of voting securities by the Company reducing the number of shares outstanding,
provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of voting securities by the Company, and after such share acquisition, the Subject Person becomes the Owner of any additional
voting securities that, assuming the repurchase or other acquisition had not occurred, increases the percentage of the then outstanding voting securities Owned by the Subject Person over the designated percentage threshold, then a Change in Control
shall be deemed to occur; 
 (ii) there is consummated a merger, consolidation or similar transaction involving (directly
or indirectly) the Company and, immediately after the consummation of such merger, consolidation or similar transaction, the stockholders of the Company immediately prior thereto do not Own, directly or indirectly, either (A) outstanding voting
securities representing more than fifty percent (50%) of the combined outstanding voting power of the surviving Entity in such merger, consolidation or similar transaction or (B) more than fifty percent (50%) of the combined
outstanding voting power of the parent of the surviving Entity in such merger, consolidation or similar transaction, in each case in substantially the same proportions as their Ownership of the outstanding voting securities of the Company
immediately prior to such transaction; 

  
 19.

 (iii) there is consummated a sale, lease, exclusive license or other disposition of
all or substantially all of the consolidated assets of the Company and its Subsidiaries, other than a sale, lease, license or other disposition of all or substantially all of the consolidated assets of the Company and its Subsidiaries to an Entity,
more than fifty percent (50%) of the combined voting power of the voting securities of which are Owned by stockholders of the Company in substantially the same proportions as their Ownership of the outstanding voting securities of the Company
immediately prior to such sale, lease, license or other disposition; or 
 (iv) individuals who, on the date this Plan is
adopted by the Board, are members of the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the members of the Board; provided, however, that if the appointment or election (or nomination for
election) of any new Board member was approved or recommended by a majority vote of the members of the Incumbent Board then still in office, such new member shall, for purposes of this Plan, be considered as a member of the Incumbent Board.

 For clarity, the term Change in Control shall not include a sale of assets, merger or other transaction effected exclusively
for the purpose of changing the domicile of the Company. 
 Notwithstanding the foregoing or any other provision of this Plan,
the definition of Change in Control (or any analogous term) in an individual written agreement between the Company or any Affiliate and the Participant shall supersede the foregoing definition with respect to Awards subject to such agreement;
provided, however, that if no definition of Change in Control or any analogous term is set forth in such an individual written agreement, the foregoing definition shall apply. 

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

(h) “Committee” means a committee of one (1) or more Directors to whom authority has been delegated
by the Board in accordance with Section 2(c). 
 (i) “Common Stock” means the common stock
of the Company. 
 (j) “Company” means Cerus Corporation, a Delaware corporation. 

(k) “Consultant” means any person, including an advisor, who is (i) engaged by the Company or an
Affiliate to render consulting or advisory services and is compensated for such services, or (ii) serving as a member of the board of directors of an Affiliate and is compensated for such services. However, service solely as a Director, or
payment of a fee for such service, shall not cause a Director to be considered a “Consultant” for purposes of the Plan.  
 (l) “Continuous Service” means that the Participant’s service with the Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or
terminated. A change in the capacity in which the Participant renders service to the Company or an Affiliate as an Employee, Consultant or Director or a change in the entity for which the Participant renders such service, provided that there is no
interruption or termination of the Participant’s service with the Company or an Affiliate, shall not terminate a Participant’s Continuous Service. For example, a change in status from an employee of the Company to a consultant to an
Affiliate or to a Director shall not constitute an interruption of Continuous Service. To the extent permitted 

  
 20.

 
by law, the Board or the chief executive officer of the Company, in that party’s sole discretion, may determine whether Continuous Service shall be considered interrupted in the case of any
leave of absence approved by that party, including sick leave, military leave or any other personal leave. Notwithstanding the foregoing, a leave of absence shall be treated as Continuous Service for purposes of vesting in a Stock Award only to such
extent as may be provided in the Company’s leave of absence policy, in the written terms of any leave of absence agreement or policy applicable to the Participant, or as otherwise required by law. 

(m) “Corporate Transaction” means the occurrence, in a single transaction or in a series of related
transactions, of any one or more of the following events: 
 (i) a sale or other disposition of all or substantially all,
as determined by the Board in its sole discretion, of the consolidated assets of the Company and its Subsidiaries; 

(ii) a sale or other disposition of at least ninety percent (90%) of the outstanding securities of the Company; 

(iii) the consummation of a merger, consolidation or similar transaction following which the Company is not the surviving
corporation; or 
 (iv) the consummation of a merger, consolidation or similar transaction following which the Company is
the surviving corporation but the shares of Common Stock outstanding immediately preceding the merger, consolidation or similar transaction are converted or exchanged by virtue of the merger, consolidation or similar transaction into other property,
whether in the form of securities, cash or otherwise. 
 (n) “Covered Employee” shall have
the meaning provided in Section 162(m)(3) of the Code and the regulations promulgated thereunder. 
 (o)
“Director” means a member of the Board. 
 (p) “Disability” means, with
respect to a Participant, the inability of such Participant to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a
continuous period of not less than twelve (12) months, as provided in Section 22(e)(3) and 409A(a)(2)(c)(i) of the Code. 
 (q) “Effective Date” means the effective date of this Plan document, which is the date of the annual meeting of stockholders of the Company held in 2008 provided this
Plan is approved by the Company’s stockholders at such meeting. 
 (r) “Employee”
means any person employed by the Company or an Affiliate. However, service solely as a Director, or payment of a fee for such services, shall not cause a Director to be considered an “Employee” for purposes of the Plan. 

(s) “Entity” means a corporation, partnership, limited liability company or other entity.

  
 21.

 (t) “Exchange Act” means the Securities Exchange Act
of 1934, as amended. 
 (u) “Exchange Act Person” means any natural person, Entity or
“group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act), except that “Exchange Act Person” shall not include (i) the Company or any Subsidiary of the Company, (ii) any employee benefit plan of
the Company or any Subsidiary of the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary of the Company, (iii) an underwriter temporarily holding securities pursuant to an
offering of such securities, (iv) an Entity Owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their Ownership of stock of the Company; or (v) any natural person, Entity or
“group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act) that, as of the Effective Date of the Plan as set forth in Section 11, is the Owner, directly or indirectly, of securities of the Company representing
more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities. 
 (v)
“Fair Market Value” means, as of any date, the value of the Common Stock determined as follows: 
 (i) If the Common Stock is listed on any established stock exchange or traded on any established market, the Fair Market Value of a share of Common Stock shall be the closing sales price for such
stock (or the closing bid, if no sales were reported) as quoted on such exchange or market (or the exchange or market with the greatest volume of trading in the Common Stock) on the date of determination, as reported in The Wall Street Journal
or such other source as the Board deems reliable. Unless otherwise provided by the Board, if there is no closing sales price (or closing bid if no sales were reported) for the Common Stock on the date of determination, then the Fair Market Value
shall be the closing selling price (or closing bid if no sales were reported) on the last preceding date for which such quotation exists. 
 (ii) In the absence of such markets for the Common Stock, the Fair Market Value shall be determined by the Board in good faith. 

(w) “Incentive Stock Option” means an option granted pursuant to Section 5 of the Plan that is
intended to be, and qualifies as, an “incentive stock option” within the meaning of Section 422 of the Code and the regulations promulgated thereunder. 
 (x) “Non-Employee Director” means a Director who either (i) is not a current employee or officer of the Company or an Affiliate, does not receive compensation,
either directly or indirectly, from the Company or an Affiliate for services rendered as a consultant or in any capacity other than as a Director (except for an amount as to which disclosure would not be required under Item 404(a) of Regulation
S-K promulgated pursuant to the Securities Act (“Regulation S-K”)), does not possess an interest in any other transaction for which disclosure would be required under Item 404(a) of Regulation S-K, and is not engaged in
a business relationship for which disclosure would be required pursuant to Item 404(b) of Regulation S-K; or (ii) is otherwise considered a “non-employee director” for purposes of Rule 16b-3. 

(y) “Nonstatutory Stock Option” means any option granted pursuant to Section 5 of the Plan
that does not qualify as an Incentive Stock Option. 

  
 22.

 (z) “Officer” means a person who is an officer of the
Company within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder. 

(aa) “Option” means an Incentive Stock Option or a Nonstatutory Stock Option to purchase shares of
Common Stock granted pursuant to the Plan. 
 (bb) “Option Agreement” means a written
agreement between the Company and an Optionholder evidencing the terms and conditions of an Option grant. Each Option Agreement shall be subject to the terms and conditions of the Plan. 

(cc) “Optionholder” means a person to whom an Option is granted pursuant to the Plan or, if
permitted under the terms of this Plan, such other person who holds an outstanding Option. 
 (dd) “Other
Stock Award” means an award based in whole or in part by reference to the Common Stock which is granted pursuant to the terms and conditions of Section 6(d). 

(ee) “Other Stock Award Agreement” means a written agreement between the Company and a holder of an
Other Stock Award evidencing the terms and conditions of an Other Stock Award grant. Each Other Stock Award Agreement shall be subject to the terms and conditions of the Plan. 
 (ff) “Outside Director” means a Director who either (i) is not a current employee of the Company or an “affiliated corporation” (within the meaning of
Treasury Regulations promulgated under Section 162(m) of the Code), is not a former employee of the Company or an “affiliated corporation” who receives compensation for prior services (other than benefits under a tax-qualified
retirement plan) during the taxable year, has not been an officer of the Company or an “affiliated corporation,” and does not receive remuneration from the Company or an “affiliated corporation,” either directly or indirectly, in
any capacity other than as a Director, or (ii) is otherwise considered an “outside director” for purposes of Section 162(m) of the Code. 
 (gg) “Own,” “Owned,” “Owner,” “Ownership” A person or Entity shall be deemed to “Own,” to have “Owned,” to be the
“Owner” of, or to have acquired “Ownership” of securities if such person or Entity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares voting power, which includes
the power to vote or to direct the voting, with respect to such securities. 
 (hh)
“Participant” means a person to whom an Award is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Stock Award. 

(ii) “Performance Cash Award” means an award of cash granted pursuant to the terms and conditions
of Section 6(d)(ii). 
 (jj) “Performance Criteria” means the one or more criteria
that the Board shall select for purposes of establishing the Performance Goals for a Performance Period. The Performance Criteria that shall be used to establish such Performance Goals may be based on any one of, or combination of, the following:
(i) earnings per share; (ii) earnings before interest, taxes and depreciation; (iii) earnings before interest, taxes, depreciation and amortization; (iv) total 

  
 23.

 
stockholder return; (v) return on equity; (vi) return on assets, investment, or capital employed; (vii) operating margin; (viii) gross margin; (ix) operating income;
(x) net income (before or after taxes); (xi) net operating income; (xii) net operating income after tax; (xiii) pre-tax profit; (xiv) operating cash flow; (xv) sales or revenue targets; (xvi) increases in revenue
or product revenue; (xvii) expenses and cost reduction goals; (xviii) improvement in or attainment of working capital levels; (xix) economic value added (or an equivalent metric); (xx) market share; (xxi) cash flow;
(xxii) cash flow per share; (xxiii) share price performance; (xxiv) debt reduction; (xxv) implementation or completion of projects or processes; (xxvi) customer satisfaction; (xxvii) stockholders’ equity; and
(xxviii) to the extent that an Award is not intended to comply with Section 162(m) of the Code, other measures of performance selected by the Board. Partial achievement of the specified criteria may result in the payment or vesting
corresponding to the degree of achievement as specified in the Stock Award Agreement or the written terms of a Performance Cash Award. The Board shall, in its sole discretion, define the manner of calculating the Performance Criteria it selects to
use for such Performance Period. 
 (kk) “Performance Goals” means, for a Performance
Period, the one or more goals established by the Board for the Performance Period based upon the Performance Criteria. Performance Goals may be based on a Company-wide basis, with respect to one or more business units, divisions, Affiliates, or
business segments, and in either absolute terms or relative to the performance of one or more comparable companies or the performance of one or more relevant indices. At the time of the grant of any Award, the Board is authorized to determine
whether, when calculating the attainment of Performance Goals for a Performance Period: (i) to exclude restructuring and/or other nonrecurring charges; (ii) to exclude exchange rate effects, as applicable, for non-U.S. dollar denominated
net sales and operating earnings; (iii) to exclude the effects of changes to generally accepted accounting standards required by the Financial Accounting Standards Board; (iv) to exclude the effects of any statutory adjustments to
corporate tax rates; and (v) to exclude the effects of any “extraordinary items” as determined under generally accepted accounting principles. In addition, the Board retains the discretion to reduce or eliminate the compensation or
economic benefit due upon attainment of Performance Goals. 
 (ll) “Performance Period”
means the period of time selected by the Board over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to and the payment of a Stock Award or a Performance Cash Award.
Performance Periods may be of varying and overlapping duration, at the sole discretion of the Board. 
 (mm)
“Performance Stock Award” means a Stock Award granted under the terms and conditions of Section 6(d)(i). 
 (nn) “Plan” means this Cerus Corporation 2008 Equity Incentive Plan. 
 (oo) “Restricted Stock Award” means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a). 

(pp) “Restricted Stock Award Agreement” means a written agreement between the Company and a holder
of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement shall be subject to the terms and conditions of the Plan. 

  
 24.

 (qq) “Restricted Stock Unit Award” means a right to
receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b). 
 (rr)
“Restricted Stock Unit Award Agreement” means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each
Restricted Stock Unit Award Agreement shall be subject to the terms and conditions of the Plan. 
 (ss) “Rule
16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor to Rule 16b-3, as in effect from time to time. 
 (tt) “Securities Act” means the Securities Act of 1933, as amended. 
 (uu) “Stock Appreciation Right” means a right to receive the appreciation on Common Stock that is granted pursuant to the terms and conditions of Section 6(c).

 (vv) “Stock Appreciation Right Agreement” means a written agreement between the Company
and a holder of a Stock Appreciation Right evidencing the terms and conditions of a Stock Appreciation Right grant. Each Stock Appreciation Right Agreement shall be subject to the terms and conditions of the Plan. 

(ww) “Stock Award” means any right to receive Common Stock granted under the Plan, including an
Incentive Stock Option, a Nonstatutory Stock Option, a Restricted Stock Award, a Restricted Stock Unit Award, a Stock Appreciation Right, a Performance Stock Award or any Other Stock Award. 

(xx) “Stock Award Agreement” means a written agreement between the Company and a Participant
evidencing the terms and conditions of a Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan. 
 (yy) “Subsidiary” means, with respect to the Company, (i) any corporation of which more than fifty percent (50%) of the outstanding capital stock having
ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether, at the time, stock of any other class or classes of such corporation shall have or might have voting power by reason of the happening
of any contingency) is at the time, directly or indirectly, Owned by the Company, and (ii) any partnership, limited liability company or other entity in which the Company has a direct or indirect interest (whether in the form of voting or
participation in profits or capital) of more than fifty percent (50%). 
 (zz) “Ten Percent
Stockholder” means a person who Owns (or is deemed to Own pursuant to Section 424(d) of the Code) stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or
any Affiliate. 

  
 25.

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