Document:

EX-10.5

 Exhibit 10.5 

EXECUTION COPY 
  

 
  

 
 

 
 ACTAVIS TERM LOAN CREDIT AND GUARANTY AGREEMENT 

dated as of December 17, 2014, 

among 
 ACTAVIS PLC, 

as Ultimate Parent, 
 WARNER
CHILCOTT LIMITED, 
 as Intermediate Parent, 

ACTAVIS CAPITAL S.À R.L., 

as Borrower, 
 ACTAVIS, INC. and
ACTAVIS FUNDING SCS, 
 as Subsidiary Guarantors, 

THE LENDERS PARTY HERETO 
 and

 JPMORGAN CHASE BANK, N.A., 

as Administrative Agent 
  

 
 MIZUHO BANK,
LTD. and WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Co-Syndication Agents 

BARCLAYS BANK, PLC, BNP PARIBAS, HSBC BANK USA, N.A., SUMITOMO MITSUI BANKING 

CORPORATION, THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., 

THE ROYAL BANK OF SCOTLAND PLC and 

TD BANK, N.A., 
 as Co-Documentation
Agents 
 J.P. MORGAN SECURITIES LLC, MIZUHO BANK, LTD. 

and 
 WELLS FARGO SECURITIES, LLC,

 as Joint Lead Arrangers and Joint Bookrunners 
  

 
  

[CS&M Ref. No. 6702-156] 

 TABLE OF CONTENTS 
  

							
	 Section
	 	 	  	Page	 
	
	ARTICLE I	  
	DEFINITIONS AND ACCOUNTING TERMS	  
			
	 SECTION 1.01
	 	 Defined Terms
	  	 	1	  
	 SECTION 1.02
	 	 Other Interpretive Provisions
	  	 	28	  
	 SECTION 1.03
	 	 Accounting Terms
	  	 	28	  
	 SECTION 1.04
	 	 Rounding
	  	 	29	  
	 SECTION 1.05
	 	 Classification of Loans and Borrowings
	  	 	29	  
	 SECTION 1.06
	 	 Effectuation of Transactions
	  	 	29	  
	
	ARTICLE II	  
	THE COMMITMENTS AND BORROWINGS	  
			
	 SECTION 2.01
	 	 Loans
	  	 	30	  
	 SECTION 2.02
	 	 Borrowings, Conversions and Continuations of Loans
	  	 	30	  
	 SECTION 2.03
	 	 [Reserved]
	  	 	33	  
	 SECTION 2.04
	 	 [Reserved]
	  	 	33	  
	 SECTION 2.05
	 	 [Reserved]
	  	 	33	  
	 SECTION 2.06
	 	 Prepayments
	  	 	33	  
	 SECTION 2.07
	 	 Termination or Reduction of Commitments
	  	 	34	  
	 SECTION 2.08
	 	 Repayment of Loans
	  	 	34	  
	 SECTION 2.09
	 	 Interest
	  	 	35	  
	 SECTION 2.10
	 	 Fees
	  	 	35	  
	 SECTION 2.11
	 	 Computation of Interest and Fees
	  	 	36	  
	 SECTION 2.12
	 	 Evidence of Debt
	  	 	36	  
	 SECTION 2.13
	 	 Payments Generally; Administrative Agent’s Clawback
	  	 	36	  
	 SECTION 2.14
	 	 Sharing of Payments by Lenders
	  	 	38	  
	 SECTION 2.15
	 	 Defaulting Lenders
	  	 	39	  
	
	ARTICLE III	  
	TAXES, YIELD PROTECTION AND ILLEGALITY	  
			
	 SECTION 3.01
	 	 Taxes
	  	 	40	  
	 SECTION 3.02
	 	 Illegality
	  	 	45	  
	 SECTION 3.03
	 	 Inability to Determine Rates
	  	 	46	  
	 SECTION 3.04
	 	 Increased Costs; Additional Reserve Requirements
	  	 	47	  
	 SECTION 3.05
	 	 Compensation for Losses
	  	 	48	  
	 SECTION 3.06
	 	 Mitigation Obligations
	  	 	49	  
	 SECTION 3.07
	 	 Survival
	  	 	49	  
	
	ARTICLE IV	  
	CONDITIONS PRECEDENT	  
			
	 SECTION 4.01
	 	 Conditions to Effectiveness
	  	 	49	  
	 SECTION 4.02
	 	 Conditions to Borrowing
	  	 	50	  

  
 i 

							
	
	ARTICLE V	  
	REPRESENTATIONS AND WARRANTIES	  
			
	 SECTION 5.01
	 	 Existence, Qualification and Power
	  	 	52	  
	 SECTION 5.02
	 	 Authorization; No Contravention
	  	 	52	  
	 SECTION 5.03
	 	 Material Governmental Authorization
	  	 	52	  
	 SECTION 5.04
	 	 Binding Effect
	  	 	53	  
	 SECTION 5.05
	 	 Financial Statements; Material Adverse Effect
	  	 	53	  
	 SECTION 5.06
	 	 Litigation
	  	 	53	  
	 SECTION 5.07
	 	 No Default
	  	 	53	  
	 SECTION 5.08
	 	 Ownership of Property
	  	 	54	  
	 SECTION 5.09
	 	 Environmental Matters
	  	 	54	  
	 SECTION 5.10
	 	 Solvency
	  	 	54	  
	 SECTION 5.11
	 	 Insurance
	  	 	54	  
	 SECTION 5.12
	 	 Taxes
	  	 	54	  
	 SECTION 5.13
	 	 ERISA
	  	 	54	  
	 SECTION 5.14
	 	 OFAC
	  	 	55	  
	 SECTION 5.15
	 	 Subsidiaries; Equity Interests
	  	 	55	  
	 SECTION 5.16
	 	 Margin Regulations; Investment Company Act
	  	 	55	  
	 SECTION 5.17
	 	 Disclosure
	  	 	55	  
	 SECTION 5.18
	 	 Compliance with Laws
	  	 	56	  
	 SECTION 5.19
	 	 Intellectual Property; Licenses, Etc.
	  	 	56	  
	 SECTION 5.20
	 	 Existing Third Party Indebtedness
	  	 	56	  
	 SECTION 5.21
	 	 Choice of Law Provisions
	  	 	56	  
	 SECTION 5.22
	 	 No Immunity
	  	 	57	  
	 SECTION 5.23
	 	 Proper Form; No Recordation
	  	 	57	  
	
	ARTICLE VI	  
	AFFIRMATIVE COVENANTS	  
	 SECTION 6.01
	 	 Financial Statements
	  	 	58	  
	 SECTION 6.02
	 	 Certificates; Other Information
	  	 	59	  
	 SECTION 6.03
	 	 Notices
	  	 	60	  
	 SECTION 6.04
	 	 Payment of Taxes
	  	 	60	  
	 SECTION 6.05
	 	 Preservation of Existence, Etc.
	  	 	60	  
	 SECTION 6.06
	 	 Maintenance of Properties
	  	 	60	  
	 SECTION 6.07
	 	 Maintenance of Insurance
	  	 	61	  
	 SECTION 6.08
	 	 Compliance with Laws
	  	 	61	  
	 SECTION 6.09
	 	 Books and Records
	  	 	61	  
	 SECTION 6.10
	 	 Inspection Rights
	  	 	61	  
	 SECTION 6.11
	 	 Use of Proceeds
	  	 	61	  
	 SECTION 6.12
	 	 Covenant to Guarantee Obligations
	  	 	61	  
	
	ARTICLE VII	  
	NEGATIVE COVENANTS	  
			
	 SECTION 7.01
	 	 Liens
	  	 	62	  
	 SECTION 7.02
	 	 Subsidiary Indebtedness
	  	 	64	  
	 SECTION 7.03
	 	 Fundamental Changes
	  	 	65	  
	 SECTION 7.04
	 	 Change in Nature of Business
	  	 	66	  

  
 ii 

							
	SECTION 7.05	 	 Transactions with Affiliates
	  	 	66	  
	SECTION 7.06	 	 Investments
	  	 	66	  
	SECTION 7.07	 	 Restricted Payments
	  	 	67	  
	SECTION 7.08	 	 Consolidated Leverage Ratio
	  	 	67	  
	SECTION 7.09	 	 Passive Holding Companies; Activities of Actavis SCS
	  	 	67	  
	
	ARTICLE VIII	  
	EVENTS OF DEFAULT AND REMEDIES	  
			
	SECTION 8.01	 	 Events of Default
	  	 	68	  
	SECTION 8.02	 	 Remedies Upon Event of Default
	  	 	70	  
	SECTION 8.03	 	 Application of Funds
	  	 	71	  
	SECTION 8.04	 	 Cleanup Period
	  	 	71	  
	
	ARTICLE IX	  
	GUARANTEE	  
			
	SECTION 9.01	 	 Guarantee of Obligations
	  	 	71	  
	SECTION 9.02	 	 Limitation on Obligations Guaranteed
	  	 	72	  
	SECTION 9.03	 	 Nature of Guarantee; Continuing Guarantee; Waivers of Defenses
	  	 	73	  
	SECTION 9.04	 	 Rights of Reimbursement, Contribution and Subrogation
	  	 	75	  
	SECTION 9.05	 	 Payments
	  	 	76	  
	SECTION 9.06	 	 Subordination of Other Obligations
	  	 	76	  
	SECTION 9.07	 	 Financial Condition of Borrower and other Guarantors
	  	 	76	  
	SECTION 9.08	 	 Bankruptcy, Etc.
	  	 	76	  
	SECTION 9.09	 	 Duration of Guarantee
	  	 	76	  
	SECTION 9.10	 	 Reinstatement
	  	 	76	  
	
	ARTICLE X	  
	ADMINISTRATIVE AGENT	  
	SECTION 10.01	 	 Appointment and Authority
	  	 	77	  
	SECTION 10.02	 	 Rights as a Lender
	  	 	77	  
	SECTION 10.03	 	 Exculpatory Provisions
	  	 	77	  
	SECTION 10.04	 	 Reliance by Administrative Agent
	  	 	78	  
	SECTION 10.05	 	 Delegation of Duties
	  	 	79	  
	SECTION 10.06	 	 Resignation of Administrative Agent
	  	 	79	  
	SECTION 10.07	 	 Non-Reliance on Administrative Agent, Arrangers and Other Lenders
	  	 	79	  
	SECTION 10.08	 	 No Other Duties, Etc.
	  	 	79	  
	SECTION 10.09	 	 Administrative Agent May File Proofs of Claim
	  	 	80	  
	SECTION 10.10	 	 Guarantee Matters
	  	 	80	  
	
	ARTICLE XI	  
	MISCELLANEOUS	  
			
	SECTION 11.01	 	 Amendments, Etc.
	  	 	81	  
	SECTION 11.02	 	 Notices; Effectiveness; Electronic Communication
	  	 	82	  
	SECTION 11.03	 	 No Waiver; Cumulative Remedies; Enforcement
	  	 	84	  
	SECTION 11.04	 	 Expenses; Indemnity; Damage Waiver
	  	 	85	  
	SECTION 11.05	 	 Payments Set Aside
	  	 	87	  

  
 iii 

							
	SECTION 11.06	 	 Successors and Assigns
	  	 	87	  
	SECTION 11.07	 	 Treatment of Certain Information; Confidentiality
	  	 	91	  
	SECTION 11.08	 	 Right of Setoff
	  	 	92	  
	SECTION 11.09	 	 Interest Rate Limitation
	  	 	93	  
	SECTION 11.10	 	 Counterparts; Integration; Effectiveness
	  	 	93	  
	SECTION 11.11	 	 Survival of Representations and Warranties
	  	 	93	  
	SECTION 11.12	 	 Severability
	  	 	94	  
	SECTION 11.13	 	 Replacement of Lenders
	  	 	94	  
	SECTION 11.14	 	 Governing Law; Jurisdiction; Etc.
	  	 	95	  
	SECTION 11.15	 	 WAIVER OF JURY TRIAL
	  	 	96	  
	SECTION 11.16	 	 USA PATRIOT Act
	  	 	96	  
	SECTION 11.17	 	 Judgment Currency
	  	 	96	  
	SECTION 11.18	 	 No Advisory or Fiduciary Responsibility
	  	 	97	  
	SECTION 11.19	 	 Electronic Execution of Assignments
	  	 	97	  
	SECTION 11.20	 	 Appointment of Agent for Service of Process; Waiver of Immunity
	  	 	98	  

  
 iv 

 SCHEDULES 
  

			
	2.01	  	Commitments
	5.06	  	Litigation
	5.15	  	Subsidiaries
	5.20	  	Existing Third Party Indebtedness
	7.01	  	Existing Liens
	7.02	  	Existing Indebtedness
	11.02	  	Certain Addresses for Notices

 EXHIBITS 

Form of 
  

			
	A	  	Assignment and Assumption
	B	  	Compliance Certificate
	C	  	Loan Notice
	D	  	Note
	E	  	Subsidiary Guarantor Counterpart Agreement
	F-1	  	U.S. Tax Compliance Certificate (For Foreign Lenders that are not Partnerships)
	F-2	  	U.S. Tax Compliance Certificate (For Foreign Participants that are not Partnerships)
	F-3	  	U.S. Tax Compliance Certificate (For Foreign Participants that are Partnerships)
	F-4	  	U.S. Tax Compliance Certificate (For Foreign Lenders that are Partnerships)
	G	  	Officer’s Certificate
	H	  	Solvency Certificate

  
 v 

 ACTAVIS TERM LOAN CREDIT AND GUARANTY AGREEMENT 

This ACTAVIS TERM LOAN CREDIT AND GUARANTY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this
“Agreement”) is entered into as of December 17, 2014, among ACTAVIS PLC, a public limited company incorporated under the laws of Ireland, WARNER CHILCOTT LIMITED, a Bermuda exempted company, ACTAVIS CAPITAL S.À R.L., a
private limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand-Duchy of Luxembourg having its registered office at 6, rue Jean Monnet, L-2180 Luxembourg,
registered with the Luxembourg Register of Commerce and Companies under number B 178.410 with a share capital of $367,384, ACTAVIS, INC., a Nevada corporation, ACTAVIS FUNDING SCS, a limited partnership (société en commandite
simple) organized under the laws of the Grand-Duchy of Luxembourg having its registered office at 46A, avenue J.F. Kennedy, L-1855 Luxembourg, registered with the Luxembourg Register of Commerce and Companies under number B 187.310 with a share
capital of $20,000, the LENDERS party hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent. 
 WHEREAS, on November 16, 2014,
Ultimate Parent entered into that certain Agreement and Plan of Merger (as amended in accordance with the terms thereof and in effect from time to time, including all schedules and exhibits thereto, the “Allergan Merger Agreement”)
by and among Ultimate Parent, Avocado Acquisition Inc., a Delaware corporation and an indirect Wholly Owned Subsidiary of Ultimate Parent (“Allergan Merger Sub”), and Allergan, Inc., a Delaware corporation (the “Allergan
Acquired Business”). Under the terms of the Allergan Merger Agreement, Allergan Merger Sub will merge with and into the Allergan Acquired Business, with the Allergan Acquired Business surviving such merger and immediately following such
merger becoming an indirect Wholly Owned Subsidiary of Ultimate Parent (the “Allergan Acquisition”); and 
 WHEREAS, in
connection with the Allergan Acquisition, Ultimate Parent, Intermediate Parent, the Borrower, Actavis and Actavis SCS desire to obtain the credit facilities provided for herein, and the Lenders are willing to make available to the Borrower such
credit facilities on the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained, the parties hereto covenant and agree as follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 

SECTION 1.01 Defined Terms. As used in this Agreement, the following terms will have the meanings set forth below: 

“Actavis” means Actavis, Inc., a Nevada corporation, and its successors permitted hereunder; provided that any
successor shall expressly assume all of its rights and obligations under this Agreement and the other Loan Documents in accordance with Section 7.03 and pursuant to documentation reasonably satisfactory to the Administrative Agent and
Ultimate Parent. 
 “Actavis Revolving Credit Agreement” means that certain Revolving Credit and Guaranty Agreement, dated
as of December 17, 2014, among Ultimate Parent, Intermediate Parent, the Borrower, Actavis, Actavis SCS, the several lenders and other parties from time to time party thereto, JPMCB, as administrative agent thereunder, and J.P. Morgan Europe
Limited, as London agent 

 
thereunder, as amended, restated, supplemented, modified, extended, renewed, refinanced or replaced from time to time, whether or not with the same lenders or agents, and including any increases
in commitments thereunder or under any such amendment, restatement, supplement, modification, extension, renewal, refinancing or replacement. 

“Actavis SCS” means Actavis Funding SCS, a limited partnership (société en commandite simple) organized
under the laws of the Grand-Duchy of Luxembourg having its registered office at 46A, avenue J.F. Kennedy, L-1855 Luxembourg, registered with the Luxembourg Register of Commerce and Companies under number B 187.310 with a share capital of $20,000,
and its successors permitted hereunder; provided that any successor shall expressly assume all of its rights and obligations under this Agreement and the other Loan Documents in accordance with Section 7.03 and pursuant to
documentation reasonably satisfactory to the Administrative Agent and Ultimate Parent. 
 “Actavis SEC Documents” means all
reports, schedules, forms, proxy statements, prospectuses (including prospectus supplements), registration statements and other information filed by Actavis or Ultimate Parent with the SEC or furnished by Actavis or Ultimate Parent to the SEC
pursuant to the Securities Exchange Act. 
 “Administrative Agent” means JPMCB, in its capacity as administrative agent
under the Loan Documents, or any successor administrative agent. 
 “Administrative Questionnaire” means an Administrative
Questionnaire in a customary form supplied by the Administrative Agent. 
 “Affiliate” means, with respect to any Person,
another Person that, directly or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Agent Fee Letter” means that certain administrative agent fee letter, dated November 16, 2014, among Ultimate Parent,
JPMCB and J.P. Morgan Securities LLC. 
 “Aggregate Commitments” means the sum of the Three Year Commitments and the Five
Year Commitments. As of the Effective Date, the Aggregate Commitments are $5,500,000,000. 
 “Agreement” has the meaning
specified in the preamble hereto. 
 “Agreement Currency” has the meaning specified in Section 11.17. 

“Allergan Acquired Business” has the meaning specified in the recitals hereto. 

“Allergan Acquisition” has the meaning specified in the recitals hereto. 

“Allergan Acquisition Indebtedness” means any Indebtedness of Ultimate Parent or any of its Subsidiaries incurred for the
purpose of financing, in part, the Allergan Acquisition and any related transactions (including for the purpose of refinancing or replacing all or a portion of the Allergan Bridge Facility). 

“Allergan Bridge Facility” means a senior unsecured bridge facility in an aggregate principal amount not to exceed
$30,900,000,000, the proceeds of which will be used to finance the Allergan Acquisition and the related transactions. 

  
 2 

 “Allergan Cash Bridge Facility” means a senior unsecured cash bridge facility in
an aggregate principal amount not to exceed $4,698,000,000 maturing 60 days after the initial funding thereof, the proceeds of which will be used to finance the Allergan Acquisition and the related transactions. 

“Allergan Merger Agreement” has the meaning specified in the recitals hereto. 

“Allergan Merger Sub” has the meaning specified in the recitals hereto. 

“Allergan SEC Documents” means all reports, schedules, forms, proxy statements, prospectuses (including prospectus
supplements), registration statements and other information filed by the Allergan Acquired Business with the SEC or furnished by the Allergan Acquired Business to the SEC pursuant to the Securities Exchange Act. 

“Applicable Aggregate Percentage” means, with respect to any Lender at any time, the percentage (carried out to the ninth
decimal place) of (a) prior to the Closing Date, the Aggregate Commitments represented by the aggregate amount of such Lender’s Commitments at such time and (b) thereafter, the aggregate principal amount of all Loans outstanding at
such time represented by such Lender’s outstanding Loans at such time. If the Commitments have terminated and the Loans have been repaid in full, then the Applicable Aggregate Percentage of each Lender will be determined based on the Applicable
Aggregate Percentage of such Lender most recently in effect, giving effect to any subsequent assignments. 
 “Applicable
Percentage” means, with respect to any Lender at any time, such Lender’s Three Year Applicable Percentage and/or Five Year Applicable Percentage, as the context requires. 

“Applicable Rate” means, for any day with respect to any Loan, the percentages per annum specified below for the applicable
Class and Type of Loans, based upon the Debt Rating applicable on such day: 
 (a) with respect to Three Year Loans: 

 

											
	 Pricing Level
	  	 Debt Ratings

S&P/

Moody’s
	  	Eurodollar
Rate
Loans	 	 	Base Rate
Loans	 
	 I
	  	3 A-/A3	  	 	1.000	% 	 	 	0.000	% 
	 II
	  	BBB+/Baa1	  	 	1.125	% 	 	 	0.125	% 
	 III
	  	BBB/Baa2	  	 	1.250	% 	 	 	0.250	% 
	 IV
	  	BBB-/Baa3	  	 	1.500	% 	 	 	0.500	% 
	 V
	  	BB+/Ba1	  	 	1.750	% 	 	 	0.750	% 
	 VI
	  	£ BB/Ba2	  	 	2.000	% 	 	 	1.000	% 

  
 3 

 (b) with respect to Five Year Loans: 

 

											
	 Pricing Level
	  	 Debt Ratings

S&P/

Moody’s
	  	Eurodollar
Rate
Loans	 	 	Base Rate
Loans	 
	 I
	  	3 A-/A3	  	 	1.125	% 	 	 	0.125	% 
	 II
	  	BBB+/Baa1	  	 	1.250	% 	 	 	0.250	% 
	 III
	  	BBB/Baa2	  	 	1.375	% 	 	 	0.375	% 
	 IV
	  	BBB-/Baa3	  	 	1.625	% 	 	 	0.625	% 
	 V
	  	BB+/Ba1	  	 	1.875	% 	 	 	0.875	% 
	 VI
	  	£ BB/Ba2	  	 	2.250	% 	 	 	1.250	% 

 For purposes hereof, “Debt Rating” means, as of any date of determination, the ratings by
S&P or Moody’s of Ultimate Parent’s senior unsecured, non-credit-enhanced, long-term debt (or if such debt is not so rated by such rating agency, the issuer rating or corporate credit rating of Ultimate Parent by such rating agency).

 For purposes of determining the Applicable Rate, (a) if either Moody’s or S&P does not have in effect a Debt Rating, then
the Debt Rating assigned by the other rating agency shall be used; (b) if neither Moody’s nor S&P has in effect a Debt Rating, Pricing Level VI shall apply; and (c) if the relevant Debt Ratings assigned by Moody’s and S&P
fall within different Pricing Levels, the Applicable Rate shall be based on the higher of the two Debt Ratings (with Pricing Level I being the highest and Pricing Level VI being the lowest), unless one of the two Debt Ratings is two or more Pricing
Levels lower than the other, in which case the Applicable Rate shall be based on the Pricing Level corresponding to the Debt Rating that is the midpoint between the two Debt Ratings or, if there is no such midpoint, the Pricing Level that is one
level lower than the Pricing Level corresponding to the higher Debt Rating. 
 If the relevant Debt Rating assigned by Moody’s or
S&P shall be changed (other than as a result of a change in the rating system of Moody’s or S&P), such change shall be effective as of the date on which it is first announced by the applicable rating agency. Each change in the
Applicable Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of Moody’s or S&P shall change or if
either such rating agency shall cease to be in the business of rating corporate debt obligations, Ultimate Parent and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system (including, in such case,
an amendment to replace Moody’s or S&P, as applicable, with another rating agency) or the unavailability of ratings from such rating agency, and, pending the effectiveness of any such amendment, the Applicable Rate shall be determined by
reference to the rating most recently in effect prior to such change or cessation. 
 “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. 

“Arrangers” means J.P. Morgan Securities LLC, Mizuho Bank, Ltd. and Wells Fargo Securities, LLC, in their capacities as joint
lead arrangers and joint bookrunners for the credit facilities provided for herein. 
 “Assignee Group” means two or more
Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor. 

  
 4 

 “Assignment and Assumption” means an assignment and assumption entered into by a
Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 11.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit A or any other form approved by the
Administrative Agent. 
 “Audited Financial Statements” means the audited consolidated balance sheet of Ultimate Parent and
its Subsidiaries as of December 31, 2013 (and, if the audited consolidated balance sheet of Ultimate Parent and its Subsidiaries as of December 31, 2014 shall have been filed with the SEC as part of the Actavis SEC Documents, as of
December 31, 2014), and the related consolidated statements of operations, comprehensive income, shareholders’ equity and cash flows for the fiscal year of Ultimate Parent and its Subsidiaries then ended, including the notes thereto. 

“Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day,
(b) the Federal Funds Rate in effect on such day plus  1⁄2 of 1% per annum and (c) the Eurodollar Rate on such day (or if such day is not a
Business Day, the immediately preceding Business Day) for a deposit in US Dollars with a maturity of one month plus 1% per annum. For purposes of clause (c) above, the Eurodollar Rate on any day shall be based on the rate per annum
appearing on the applicable Reuters screen page (currently page LIBOR01) displaying interest rates for US Dollar deposits in the London interbank market (or, in the event such rate does not appear on a page of the Reuters screen, on the appropriate
page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion) at approximately 11:00 a.m., London time, on such day for deposits in US Dollars
with a maturity of one month; provided that if such rate shall be less than zero, such rate shall be deemed to be zero. Any change in the Base Rate due to a change in the Prime Rate, the Federal Funds Rate or the Eurodollar Rate shall be
effective from and including the effective date of such change in the Prime Rate, the Federal Funds Rate or the Eurodollar Rate, respectively. 

“Base Rate Borrowing” means a Borrowing comprised of Base Rate Loans. 

“Base Rate Loan” means a Loan that bears interest by reference to the Base Rate. 

“Borrower” means Actavis Capital S.à r.l., a private limited liability company (société à
responsabilité limitée) incorporated under the laws of the Grand-Duchy of Luxembourg having its registered office at 6, rue Jean Monnet, L-2180 Luxembourg, registered with the Luxembourg Register of Commerce and Companies under
number B 178.410 with a share capital of $367,384, and its successors permitted hereunder; provided that any successor shall expressly assume all of the prior Borrower’s rights and obligations under this Agreement and the other Loan
Documents in accordance with Section 7.03 and pursuant to documentation reasonably satisfactory to the Administrative Agent and Ultimate Parent. 

“Borrowing” means Loans of the same Class and Type made, converted or continued on the same date and, in the case of
Eurodollar Rate Loans, as to which a single Interest Period is in effect. 
 “Business Day” means any day other than a
Saturday, Sunday or other day on which commercial banks are authorized to remain closed under the Laws of, or are in fact closed in, New York City or Luxembourg; provided that, when used in connection with a Eurodollar Rate Loan, the term
“Business Day” shall also exclude any day on which dealings in deposits in US Dollars are not conducted by and between banks in the London interbank eurodollar market. 

“Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease
of (or other arrangement conveying the right to use) real or personal 

  
 5 

 
property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such
obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 “Change in Law” means the
occurrence, after the Effective Date, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation,
implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that
notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules,
guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel
III, shall, in each case, be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 
 “Change
of Control” means an event or series of events by which: 
 (a) any “person” or “group” (as such
terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act, but excluding any employee benefit plan of Ultimate Parent or its Subsidiaries, and any Person acting in its capacity as trustee, agent or other fiduciary or
administrator of any such plan) is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act, except that a person or group shall be deemed to have “beneficial ownership” of all
securities that such person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time (such right, an “option right”)), directly or indirectly, of more than 35% of the total
voting power of the Equity Interests in Ultimate Parent on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right); 

(b) for purposes of Section 7.03 only, during any period of 12 consecutive months, a majority of the members of the
board of directors or other equivalent governing body of Ultimate Parent cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination
to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or
(iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a
majority of that board or equivalent governing body (excluding, in the case of clauses (ii) and (iii), any individual whose initial nomination for, or assumption of office as, a member of that board or equivalent governing body
occurs as a result of an actual or threatened solicitation of proxies or consents for the election or removal of one or more directors by any person or group other than a solicitation for the election of one or more directors by or on behalf of the
board of directors); 
 (c) any sale, lease, exchange or other transfer (in one transaction or a series of related
transactions) of all or substantially all the assets of Ultimate Parent and its 

  
 6 

 
Subsidiaries taken as a whole to any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act) other than to any Wholly
Owned Subsidiary of Ultimate Parent; 
 (d) (i) the Borrower shall cease to be an indirect Wholly Owned Subsidiary of
Ultimate Parent or (ii) the Borrower shall cease to be an indirect Wholly Owned Subsidiary of Intermediate Parent; or 

(e) Intermediate Parent shall cease to be an indirect Wholly Owned Subsidiary of Ultimate Parent. 

“Class”, when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are Three Year Loans or Five Year Loans, (b) any Commitment, refers to whether such Commitment is a Three Year Commitment or a Five Year Commitment and (c) any Lender, refers to whether such Lender has a Loan or Commitment of a
particular Class. 
 “Closing Date” means the first date on which all of the conditions precedent set forth in
Section 4.02 are satisfied (or waived in accordance with Section 11.01), provided that such date is on or after the Effective Date and on or prior to the Outside Date. 

“Code” means the Internal Revenue Code of 1986. 

“Co-Documentation Agents” means Barclays Bank, PLC, BNP Paribas, HSBC Bank USA, N.A., Sumitomo Mitsui Banking Corporation,
The Bank of Tokyo-Mitsubishi UFJ, LTD., The Royal Bank of Scotland plc and TD Bank, N.A., in their capacities as co-documentation agents for the credit facilities provided for herein. 

“Commitment” means a Three Year Commitment or a Five Year Commitment. 

“Commitment Letter” means that certain commitment letter, dated November 16, 2014, among Ultimate Parent, JPMCB, J.P.
Morgan Securities LLC, Mizuho Bank, Ltd., Wells Fargo Bank, National Association and Wells Fargo Securities, LLC, as amended and supplemented by that certain joinder letter, dated November 26, 2014, among the foregoing and the “Additional
Lenders” specified therein and that certain joinder letter, dated November 28, 2014, among the foregoing and the “Additional Lender” specified therein. 

“Company Materials” has the meaning specified in Section 6.02. 

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

“Consolidated EBITDA” means, for any period, for Ultimate Parent and its Subsidiaries on a consolidated basis, an amount
equal to Consolidated Net Income for such period plus, without duplication and only to the extent such amount represents a charge or expense determined in accordance with GAAP and reflected in the consolidated earnings of Ultimate Parent and
regardless of classification within Ultimate Parent’s statement of income, the sum of (i) interest expense, (ii) income tax expense, (iii) depreciation and amortization expense, (iv) losses attributable to non-controlling
interest, (v) stock compensation expense, (vi) asset impairment charges or other charges associated with the revaluation of assets or liabilities, (vii) charges associated with the revaluation of acquisition related contingent
liabilities that are based in whole or in part on future estimated cash flows, (viii) business restructuring 

  
 7 

 
charges associated with Actavis’s Global Supply Chain and Operational Excellence initiatives or other restructurings of a similar nature, (ix) costs and charges associated with the
acquisition of businesses and assets, including, but not limited to, Milestone Payments and integration charges (including any of the foregoing associated with the Allergan Acquisition), (x) litigation charges and settlements, (xi) losses
and expenses associated with the sale of assets and (xii) other unusual charges or expenses, minus, to the extent included in calculating such Consolidated Net Income, the sum of (1) interest income and (2) gains or income of a
nature similar to items (i) through (xii) above. For the purposes of calculating Consolidated EBITDA for any period of four consecutive fiscal quarters (each, a “Reference Period”), (i) if at any time
during such Reference Period Ultimate Parent or any Subsidiary shall have made any Material Disposition, the Consolidated EBITDA for such Reference Period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to
the property that is the subject of such Material Disposition for such Reference Period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such Reference Period, and (ii) if during such Reference
Period Ultimate Parent or any Subsidiary shall have made a Material Acquisition (including the Allergan Acquisition), Consolidated EBITDA for such Reference Period shall be calculated after giving pro forma effect thereto in accordance with
Section 1.03(c) as if such Material Acquisition occurred on the first day of such Reference Period. 
 “Consolidated
Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters of Ultimate Parent then most recently ended.

 “Consolidated Net Income” means, for any period, the consolidated net income (or loss) of Ultimate Parent and its
Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Total Assets”
means, at any time, the total assets of Ultimate Parent and its Subsidiaries at such time that would be reflected on a consolidated balance sheet of Ultimate Parent and its Subsidiaries prepared in accordance with GAAP. 

“Consolidated Total Debt” means, at any time, for Ultimate Parent and its Subsidiaries on a consolidated basis, the aggregate
amount of (a) all Indebtedness for borrowed money and all Indebtedness constituting obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments, (b) all Receivables Facility Attributable Indebtedness and
(c) all Capital Lease Obligations and Synthetic Lease Obligations. 
 “Contractual Obligation” means, as to any
Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

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

“Co-Syndication Agents” means Mizuho Bank, Ltd. and Wells Fargo Bank, National Association, in their capacities as
co-syndication agents for the credit facilities provided for herein. 
 “Debtor Relief Laws” means the Bankruptcy Code of
the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, court protection, insolvency, reorganization, examinership or similar debtor

  
 8 

 
relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally, including the Luxembourg Insolvency Procedure. 

“Default” means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the
passage of time, or both, would be an Event of Default. 
 “Defaulting Lender” means, subject to
Section 2.15(b), any Lender that, (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date required to be funded by it hereunder unless such Lender notifies the Administrative
Agent, the Borrower and Ultimate Parent in writing that such failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable
Default, shall be specifically identified and supported by reasonable background information provided by such Lender in such writing) has not been satisfied, or (ii) pay to the Administrative Agent or any other Lender any other amount required
to be paid by it hereunder within two (2) Business Days of the date when due, (b) has notified the Borrower, Ultimate Parent or the Administrative Agent in writing, or has made a public statement to the effect, that it does not intend to
comply with its funding obligations hereunder (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s good faith determination that a
condition precedent to funding (which condition precedent, together with any applicable Default, shall be specifically identified and supported by reasonable background information provided by such Lender in such writing or public statement) cannot
be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three (3) Business Days after written request by the Administrative Agent, the Borrower or Ultimate Parent, to confirm in
writing to the Administrative Agent, the Borrower and Ultimate Parent that it will comply with its prospective funding obligations hereunder, provided that such Lender shall cease to be a Defaulting Lender pursuant to this
clause (c) upon receipt by the Administrative Agent, the Borrower and Ultimate Parent of such written confirmation in form and substance satisfactory to the Administrative Agent, the Borrower and Ultimate Parent, or (d) has, or has
a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, examiner, assignee for the benefit of
creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that
a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in such Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not
result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject,
repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent, the Borrower or Ultimate Parent, as applicable, that a Lender is a Defaulting Lender under clauses (a)
through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.15(b)) upon delivery of written notice of such determination to the
Administrative Agent, the Borrower, Ultimate Parent and such Lender. 
 “Discharge of the Obligations” means (and shall
have occurred when) (a) all Obligations (other than contingent obligations as to which no claim has been asserted) shall have been paid in full in cash and (b) all Commitments shall have terminated or expired. 

  
 9 

 “Disposition” or “Dispose” means the sale, transfer, license,
lease or other disposition of any property by any Person, including any sale and leaseback transaction and any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims
associated therewith. 
 “Effective Date” means the date on which the conditions precedent set forth in
Section 4.01 have been satisfied, which date is December 17, 2014. 
 “Eligible Assignee” means any Person
that meets the requirements to be an assignee under Sections 11.06(b)(iii) and 11.06(b)(v), subject to such consents, if any, as may be required under Section 11.06(b)(iii). 

“Environmental Laws” means any and all federal, state, local, and foreign statutes, Laws, regulations, ordinances, rules,
judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution, the protection of the environment or the release of any materials into the environment, including those
related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 
 “Environmental
Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), directly or indirectly resulting from or based upon (a) violation of
any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous
Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit
interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other
ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of
determination; provided that Indebtedness that is convertible into any Equity Interests shall not constitute Equity Interests prior to the conversion thereof. 

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

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with Ultimate Parent within
the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan or Multiemployer Plan, (b) a withdrawal
by Ultimate Parent or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is
treated as such a withdrawal under Section 4062(e) of ERISA, (c) a complete or partial withdrawal by Ultimate Parent or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization,
(d) the filing of a notice of intent to terminate, the treatment of a Pension Plan or Multiemployer Plan amendment 

  
 10 

 
as a termination under Section 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan, (e) an event or condition which
constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan, (f) the imposition of any liability under Title IV of ERISA, other than for PBGC
premiums due but not delinquent under Section 4007 of ERISA, upon Ultimate Parent or any ERISA Affiliate, or (g) the determination that any Pension Plan or Multiemployer Plan is considered an at-risk plan or a plan in endangered or
critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA. 

“Eurodollar Rate” means, with respect to any Eurodollar Rate Borrowing for any Interest Period, an interest rate per annum
(rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate. 

“Eurodollar Rate Borrowing” means a Borrowing comprised of Eurodollar Rate Loans. 

“Eurodollar Rate Loan” means a Loan that bears interest by reference to the Eurodollar Rate. 

“Event of Default” has the meaning specified in Section 8.01. 

“Excluded Taxes” means, with respect to the Administrative Agent, any Lender or any other recipient of any payment to be made
by or on account of any obligation of the Loan Parties or Ultimate Parent hereunder or under any other Loan Document, (a) Taxes imposed on or measured by its net income (however denominated), branch profits Taxes and franchise Taxes imposed on
it, by the United States (or any political subdivision or taxing authority thereof or therein), or by the jurisdiction (or any political subdivision or taxing authority thereof or therein) under the Laws of which such recipient is organized or in
which its principal office is located or, in the case of any Lender, in which its applicable Lending Office is located, or by any jurisdiction with which such recipient has a present or former connection (other than solely on account of the
execution, delivery, performance, filing, recording and enforcement of, and the other activities contemplated in, this Agreement), (b) any withholding Tax that is imposed by Luxembourg or the United States on amounts payable to a recipient with
respect to an applicable interest in the Loan or Commitment pursuant to any Law in effect at the time such recipient acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower or Ultimate Parent
under Section 11.13) or designates a new Lending Office, except to the extent that such recipient (or its assignor, in the case of an assignment) was entitled, at the time of designation of a new Lending Office (or assignment), to
receive additional amounts from the Loan Parties with respect to such withholding Tax pursuant to Section 3.01(a), (c) any withholding Tax that is attributable to a recipient’s failure to comply with Section 3.01(e)
or 3.01(g) and (d) any Taxes imposed pursuant to FATCA. 
 “Existing Actavis Term Loan Credit Agreement” means
that certain Third Amended and Restated Actavis Term Loan Credit and Guaranty Agreement, dated as of December 17, 2014, among Ultimate Parent, Intermediate Parent, the Borrower, Actavis, Actavis SCS, each lender from time to time party thereto
and Bank of America, N.A., as administrative agent thereunder, as amended, restated, supplemented, modified, extended, renewed, refinanced or replaced from time to time, whether or not with the same lenders or agents. 

“FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board. 

  
 11 

 “FATCA” means Sections 1471 through 1474 of the Code as of the Effective Date
(or any amendment or successor provisions that are substantively similar and not materially more onerous to comply with), and any present or future regulations promulgated with respect thereto or official interpretations thereof and any agreements
entered into pursuant to Section 1471(b)(1) of the Code, any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code and any fiscal or regulatory legislation, rules or practices adopted
pursuant to such intergovernmental agreement. 
 “Federal Funds Rate” means, for any day, the weighted average (rounded
upwards, if necessary, to the next 1/100 of 1%) of the rates per annum on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the
Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for per annum rates for such day for such transactions
received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. Notwithstanding the foregoing, if the Federal Funds Rate, determined as provided above, would otherwise be less than zero, then the Federal
Funds Rate shall be deemed to be zero for all purposes. 
 “Fee Letters” means the Agent Fee Letter and the Joint Fee
Letter. 
 “Fiscal Year” means the fiscal year of Ultimate Parent ending on December 31st of each calendar year. 

“Five Year Aggregate Commitments” means the sum of the aggregate amount of the Five Year Commitments of all the Five Year
Lenders. As of the Effective Date, the Five Year Aggregate Commitments are $$2,750,000,000. 
 “Five Year Applicable
Percentage” means, with respect to any Five Year Lender at any time, the percentage (carried out to the ninth decimal place) of (a) prior to the Closing Date, the Five Year Aggregate Commitments represented by such Five Year
Lender’s Five Year Commitment at such time and (b) thereafter, the aggregate principal amount of all Five Year Loans outstanding at such time represented by such Five Year Lender’s outstanding Five Year Loans at such time. If the Five
Year Aggregate Commitments have terminated and the Five Year Loans have been repaid in full, then the Five Year Applicable Percentage of each Five Year Lender will be determined based on the Five Year Applicable Percentage of such Five Year Lender
most recently in effect, giving effect to any subsequent assignments. 
 “Five Year Borrowing” means a Borrowing comprised
of Five Year Loans. 
 “Five Year Commitment” means, as to each Lender, its obligation to make a Five Year Loan to the
Borrower pursuant to Section 2.01 in a principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 as its “Five Year Commitment” or in the Assignment and Assumption pursuant to
which such Five Year Lender shall have assumed its Five Year Commitment, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. 

“Five Year Lender” means, at any time, any Lender that has a Five Year Commitment or a Five Year Loan at such time. 

“Five Year Loan” has the meaning specified in Section 2.01(b). 

  
 12 

 “Foreign Lender” means any Lender that is not a US Person. 

“Foreign Subsidiary” means a Subsidiary that is not formed under the Laws of the United States, any state thereof or the
District of Columbia. 
 “Forest Laboratories” means Forest Laboratories, Inc., a Delaware corporation, and its permitted
successors and assigns. 
 “Forest SEC Documents” means all reports, schedules, forms, proxy statements, prospectuses
(including prospectus supplements), registration statements and other information filed by Forest Laboratories with the SEC or furnished by Forest Laboratories to the SEC pursuant to the Securities Exchange Act. 

“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 activities. 

“GAAP” means generally accepted accounting principles in the United States, applied in accordance with the consistency
requirements thereof. 
 “Governmental Authority” means the government of the United States or any other nation, or of any
political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or
functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having
the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person,
direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the
obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or
level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such
Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation
of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee will be deemed to be
an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof
as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning. 

“Guaranteed Parties” means, collectively, the Administrative Agent, the Arrangers, the Co-Documentation Agents, the
Co-Syndication Agents, the Lenders and each Indemnitee. 
 “Guarantors” means Intermediate Parent and each Subsidiary
Guarantor. 

  
 13 

 “Hazardous Materials” means all explosive, radioactive, hazardous or toxic
substances or wastes and other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes, and all other substances or wastes of any nature
regulated pursuant to any Environmental Law. 
 “Indebtedness” means, as to any Person at any time, without duplication,
all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: 
 (a) all obligations
of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 

(b) all direct or contingent obligations of such Person arising under letters of credit (including standby and commercial),
bankers’ acceptances, bank guarantees, surety bonds and similar instruments; 
 (c) net obligations of such Person under
any Swap Contract; 
 (d) all obligations of such Person to pay the deferred purchase price of property or services (other
than trade accounts payable in the ordinary course of business); 
 (e) indebtedness (excluding prepaid interest thereon)
secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness will have been assumed by such Person or is limited
in recourse; 
 (f) Capital Lease Obligations; 

(g) Synthetic Lease Obligations; 

(h) Receivables Facility Attributable Indebtedness; and 

(i) all Guarantees of such Person in respect of any of the foregoing of any other Person; provided that Indebtedness
shall not include any performance guarantee or any other Guarantee that is not a Guarantee of other Indebtedness. 
 For all purposes
hereof, the Indebtedness of any Person will include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint
venturer, unless such Indebtedness is expressly made non-recourse to such Person. The amount of any net obligation under any Swap Contract on any date will be deemed to be the Swap Termination Value thereof as of such date. 

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

“Indemnitees” has the meaning specified in Section 11.04(b). 

“Information” has the meaning specified in Section 11.07. 

  
 14 

 “Interest Payment Date” means (a) as to any Eurodollar Rate Loan, the last
day of each Interest Period applicable to such Loan and the Maturity Date applicable to such Loan, provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the respective dates that fall every
three months after the beginning of such Interest Period will also be Interest Payment Dates, and (b) as to any Base Rate Loan, the last Business Day of each March, June, September and December and the Maturity Date applicable to such Loan.

 “Interest Period” means, as to each Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is
disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the numerically corresponding day that is one, two, three or six months thereafter (or, if agreed to by all Lenders of the applicable Class, a period of shorter than one
month), as selected by the Borrower in the applicable Loan Notice; provided that: 
 (a) any Interest Period that
would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day, unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding
Business Day; 
 (b) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which
there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and 

(c) no Interest Period will extend beyond the applicable Maturity Date. 

“Intermediate Parent” means Warner Chilcott Limited, a Bermuda exempted company, and its successors permitted hereunder;
provided that any successor shall expressly assume all of the prior Intermediate Parent’s rights and obligations under this Agreement and the other Loan Documents in accordance with Section 7.03 and pursuant to documentation
reasonably satisfactory to the Administrative Agent and Ultimate Parent. 
 “Interpolated Screen Rate” means, with respect
to any Eurodollar Rate Borrowing for any Interest Period, a rate per annum that results from interpolating on a linear basis between (a) the applicable LIBO Screen Rate for the longest maturity for which a LIBO Screen Rate is available that is
shorter than such Interest Period and (b) the applicable LIBO Screen Rate for the shortest maturity for which a LIBO Screen Rate is available that is longer than such Interest Period, in each case at approximately 11:00 a.m., London time, two
(2) Business Days prior to the commencement of such Interest Period. 
 “Investment” means, as to any Person, any
direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests or other securities of another Person, (b) a loan, advance (other than prepaid expenses, extension
of trade credit and advances to customers and suppliers, advances to employees and similar items to the extent made in the ordinary course of business) or capital contribution to, Guarantee or assumption of Indebtedness of, or purchase or other
acquisition of any other Indebtedness of, another Person or (c) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person that constitute a business unit. For purposes of covenant compliance,
the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment. 

  
 15 

 “IP Rights” has the meaning specified in Section 5.19. 

“IRS” means the United States Internal Revenue Service. 

“Joint Fee Letter” means that certain lead arranger fee letter, dated November 16, 2014, among Ultimate Parent, JPMCB,
J.P. Morgan Securities LLC, Mizuho Bank, Ltd., Wells Fargo Bank, National Association and Wells Fargo Securities, LLC. 

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

“Judgment Currency” has the meaning specified in Section 11.17. 

“Laws” means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 

“Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an
Assignment and Assumption, other than any such Person that shall have ceased to be a party hereto pursuant to an Assignment and Assumption. 

“Lending Office” means, as to any Lender, the office, offices, branch, branches, Subsidiary, Subsidiaries, Affiliate or
Affiliates of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office, offices, branch, branches, Subsidiary, Subsidiaries, Affiliate or Affiliates as such Lender may from time to time notify to the
Borrower, Ultimate Parent and the Administrative Agent. 
 “LIBO Rate” means, with respect to any Eurodollar Rate Borrowing
for any Interest Period, a rate per annum equal to the London interbank offered rate as administered by the ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for deposits in US Dollars (for delivery
on the first day of such Interest Period) with a term equivalent to such Interest Period as displayed on the Reuters screen page that displays such rate (currently page LIBOR01) or, in the event such rate does not appear on a page of the Reuters
screen, on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion (such applicable rate being called the “LIBO Screen
Rate”), at approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period. If no LIBO Screen Rate shall be available for a particular Interest Period but LIBO Screen Rates shall be
available for maturities both longer and shorter than such Interest Period, then the LIBO Rate for such Interest Period shall be the Interpolated Screen Rate. Notwithstanding the foregoing, if the LIBO Rate, determined as provided above, would
otherwise be less than zero, then the LIBO Rate shall be deemed to be zero for all purposes. 
 “LIBO Screen Rate” has the
meaning specified in the definition of the term “LIBO Rate”. 
 “Lien” means any mortgage, pledge, hypothecation,
assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any
conditional sale or other title retention agreement, any easement, right of way or other encumbrance on 

  
 16 

 
title to real property, and any financing lease having substantially the same economic effect as any of the foregoing). 

“Loan” means a Three Year Loan or a Five Year Loan, as the context may require. 

“Loan Documents” means this Agreement, each Note and each Subsidiary Guarantor Counterpart. 

“Loan Notice” means a notice of (a) a borrowing of Loans, (b) a conversion of any Borrowing from one Type to the
other or (c) a continuation of any Eurodollar Rate Borrowing, in each case pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit C. 

“Loan Parties” means, collectively, the Borrower and the Guarantors. 

“Luxembourg” means the Grand Duchy of Luxembourg. 

“Luxembourg Insolvency Procedure” means, in relation to any Loan Party organized under the Laws of Luxembourg or any of its
assets, the opening of any of the following procedures: (a) a bankruptcy (faillite) within the meaning of Articles 437 ff. of the Luxembourg Commercial Code; (b) a controlled management (gestion controlee) within the meaning
of the Luxembourg grand ducal regulation of 24 May 1935 on controlled management; (c) a voluntary arrangement with creditors (concordat préventif de faillite) within the meaning of the Luxembourg law of 13 April 1886 on
arrangements to prevent insolvency, as amended; (d) a suspension of payments (sursis de paiement) within the meaning of Articles 593 ff. of the Luxembourg Commercial Code; or (e) a voluntary or compulsory winding-up pursuant to the
Luxembourg Companies Act, or any other insolvency proceedings pursuant to Luxembourg law or the Council Regulation (EC) No.1346/2000 of May 29, 2000 on insolvency proceedings. 

“Major Default” means a Default that has occurred and is continuing under Section 8.01(a), (b),
(e), (f), (g), (j) (solely with respect to this Agreement, including Article IX) or (k). 

“Material Acquisition” means any acquisition (in a single acquisition or series of related acquisitions) of (a) assets
comprising all or substantially all or any significant portion of a business or operating unit of a business, division, product line (including rights in respect of any drug or other pharmaceutical product) or line of business or (b) Equity
Interests of a Person if, as a result thereof, such Person becomes a Subsidiary; provided that such acquisition (or series of related acquisitions) involves the payment of consideration (including the aggregate principal amount of any
Indebtedness that is assumed by Ultimate Parent or any Subsidiary following such acquisition) by Ultimate Parent and its Subsidiaries in excess of $500,000,000 (including the value of any Equity Interests of Ultimate Parent or any of its
Subsidiaries used as consideration in any such transaction). 
 “Material Adverse Effect” means (a) a material adverse
change in, or a material adverse effect upon, the business, results of operations or financial condition of Ultimate Parent and its Subsidiaries taken as a whole, (b) a material adverse effect on the ability of any Loan Party to perform its
payment Obligations under any Loan Document to which it is a party, or (c) a material adverse effect on the legality, validity, binding effect or enforceability against Ultimate Parent or any Loan Party of any Loan Document to which it is a
party. 
 “Material Disposition” means any Disposition of property or series of Dispositions of property (other than any
sale and leaseback transaction or any Permitted Receivables Transfer, in each 

  
 17 

 
case to the extent the Indebtedness or Liens arising in connection therewith are permitted under Sections 7.01 and 7.02) that yield gross proceeds (including the aggregate
principal amount of any Indebtedness of Ultimate Parent or any Subsidiary that is assumed by another Person following such Disposition) to Ultimate Parent or any of its Subsidiaries in excess of $500,000,000. 

“Material Indebtedness” means Indebtedness (other than the Obligations) of any one or more of Ultimate Parent and its
Subsidiaries in an aggregate principal amount exceeding $300,000,000. 
 “Material Subsidiary” means (a) the Borrower
and each Subsidiary that is, or is required to be, a Guarantor and (b) each other Subsidiary of Ultimate Parent (i) the total assets of which (determined on a consolidated basis for such Subsidiary and its Subsidiaries) equal or exceed 5%
of the Consolidated Total Assets or (ii) the revenues of which (determined on a consolidated basis for such Subsidiary and its Subsidiaries) equal or exceed 5% of the consolidated total revenues of Ultimate Parent and its Subsidiaries on a
consolidated basis, in each case as of the last day of or for the most recently ended period of four consecutive fiscal quarters of Ultimate Parent; provided that if, as of the last day of or for any such period, the combined total assets or
combined revenues of all Subsidiaries that under clauses (i) and (ii) above would not constitute Material Subsidiaries shall have exceeded 10% of the Consolidated Total Assets or 10% of the consolidated total revenues of Ultimate Parent
and its Subsidiaries on a consolidated basis, then one or more of such excluded Subsidiaries shall for all purposes of the Loan Documents be deemed to be Material Subsidiaries in descending order based on the amounts (determined on a consolidated
basis for such Subsidiary and its Subsidiaries) of their total assets or revenues, as the case may be, until such excess shall have been eliminated. For purposes of making calculations under this definition, commencing after the consummation of the
Transactions on the Closing Date, the Consolidated Total Assets and the consolidated total revenues of Ultimate Parent and its Subsidiaries on a consolidated basis as of any date prior to, or for any period that commenced prior to, the Closing Date
shall be determined on a pro forma basis to give effect to the Allergan Acquisition and the other transactions to occur on the Closing Date. 

“Maturity Date” means (a) with respect to Three Year Loans, the third anniversary of the Closing Date and (b) with
respect to Five Year Loans, the fifth anniversary of the Closing Date; provided, however, that, in either case, if such date is not a Business Day, the Maturity Date shall be the immediately succeeding Business Day. 

“Merger Agreement Representations” means the representations and warranties referred to in the first sentence of
Section 4.02(d). 
 “Milestone Payments” means payments made under contractual arrangements arising in
connection with any acquisition (or licensing) of assets or Equity Interests by Ultimate Parent or any Subsidiary to the sellers (or licensors) of the assets or Equity Interests acquired (or licensed) under such contractual arrangements based on the
achievement of specified revenue, profit or other performance targets (financial or otherwise). 
 “Moody’s” means
Moody’s Investors Service, Inc., and any successor to its rating agency business. 
 “MNPI” means material non-public
information (within the meaning of the United States federal or state securities Laws or the securities Laws of other applicable jurisdictions) with respect to Ultimate Parent or its Subsidiaries, or the respective securities of any of the
foregoing. 

  
 18 

 “Multiemployer Plan” means any employee benefit plan of the type described in
Section 4001(a)(3) of ERISA, to which Ultimate Parent or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

“Net Worth” means, as at any time, (a) the Consolidated Total Assets at such time less (b) all liabilities of
Ultimate Parent and its Subsidiaries at such time, calculated in accordance with GAAP on a consolidated basis. 
 “Non-Qualifying
Lender” means a Lender that is not (a) a U.S. citizen, (b) a “resident of a member State of the European Union” or (c) a “resident of a state that is party to NAFTA”, in each case for purposes of the
Convention between the government of the United States and the government of Luxembourg For the Avoidance of Double Taxation, as the same may be amended from time to time. For the avoidance of doubt, any Lender that is a U.S. corporation that
is publicly traded, or is a Subsidiary of a publicly traded U.S. corporation, shall not be treated as a Non-Qualifying Lender. 

“Note” means a promissory note made by the Borrower in favor of a Lender evidencing Loans of any Class made by such Lender to
the Borrower, substantially in the form of Exhibit D. 
 “Obligations” means (a) the due and punctual
payment by the Borrower of (i) the principal of and interest (including interest accruing during the pendency of any proceeding under any Debtor Relief Laws, regardless of whether allowed or allowable in such proceeding) on the Loans, when and
as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise and (ii) all other monetary obligations of the Borrower under this Agreement and each of the other Loan Documents, including obligations to pay
fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising
(including monetary obligations incurred during the pendency of any proceeding under any Debtor Relief Laws, regardless of whether allowed or allowable in such proceeding) and (b) all other debts, liabilities, obligations, covenants and duties
of Ultimate Parent or any Loan Party arising under this Agreement or any other Loan Document, whether primary, secondary, direct, indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or
hereafter arising (including all such debts, liabilities, obligations, covenants and duties incurred during the pendency of any proceeding under any Debtor Relief Laws, regardless of whether allowed or allowable in such proceeding). 

“Obligations Guarantee” means the Guarantee of the Guarantors contained in Article IX. 

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

“Organization Documents” means (a) with respect to any corporation, the certificate or articles of incorporation and the
bylaws, (b) with respect to any limited liability company, the certificate or articles of formation, association or organization and operating agreement, and (c) with respect to any partnership, joint venture, trust or other form of
business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the
applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity. 

  
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 “Originators” means Ultimate Parent and/or any of its Subsidiaries in their
respective capacities as parties to any Receivables Purchase Documents as sellers or transferors of any Receivables and Related Security in connection with a Permitted Receivables Transfer. 

“Other Taxes” means all present or future stamp or documentary Taxes or any other excise or property Taxes, charges or
similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document. 

“Outside Date” means 5:00 p.m. (Eastern Time) on September 30, 2015; provided that if the “Outside
Date” (as defined in the Allergan Merger Agreement (as in effect on November 16, 2014) shall have been extended as provided in Section 8.1(c) of the Allergan Merger Agreement (as in effect on November 16, 2014), then the Outside
Date as used in this Agreement shall mean 5:00 p.m. (Eastern Time) on November 16, 2015. 
 “Overnight Rate”
means, for any day, the greater of (a) the Federal Funds Rate and (b) an overnight rate reasonably determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

“Participant” has the meaning specified in Section 11.06(e). 

“Participant Register” has the meaning specified in Section 11.06(e). 

“Passive Holding Companies” has the meaning specified in Section 7.09(a). 

“Patriot Act” means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)).

 “PBGC” means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its functions under
ERISA. 
 “Pension Funding Rules” means the rules of the Code and ERISA regarding minimum required contributions (including
any installment payment thereof) to Pension Plans and set forth in Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 

“Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA),
other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by Ultimate Parent or any ERISA Affiliate or to which Ultimate Parent or any ERISA Affiliate contributes or has an obligation to contribute, or in
the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years. 

“Permitted Receivables Transfer” means (a) a sale or other transfer by an Originator to an SPV or any other Person of
Receivables and Related Security for fair market value and without recourse (except for limited recourse typical of such structured finance transactions), and/or (b) a sale or other transfer by an Originator or an SPV to (i) purchasers of
or other investors in such Receivables and Related Security or (ii) any other Person (including an SPV) in a transaction in which purchasers or other investors purchase or are otherwise transferred such Receivables and Related Security, in each
case pursuant to and in accordance with the terms of the applicable Receivables Purchase Documents. 

  
 20 

 “Person” means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any
“employee benefit plan” within the meaning of Section 3(3) of ERISA (including a Pension Plan), maintained for employees of Ultimate Parent or any ERISA Affiliate or any such Plan to which Ultimate Parent or any ERISA Affiliate is
required to contribute on behalf of any of its employees. 
 “Platform” has the meaning specified in
Section 6.02. 
 “Post-Closing Restructuring” means, collectively, all intercompany transactions between
Ultimate Parent and one or more of its Subsidiaries or among two or more Subsidiaries that, in each case, do not result in a change of jurisdiction of organization of the Borrower or involve the release of Ultimate Parent, Intermediate Parent,
Actavis or Actavis SCS as a Guarantor under this Agreement. 
 “Pre-Advanced Funds” has the meaning specified in
Section 2.02(c). 
 “Pre-Funding Compensation Amount” has the meaning specified in
Section 2.02(c)(iii). 
 “Pre-Funding Date” has the meaning specified in Section 2.02(c). 

“Prime Rate” means the rate of interest per annum publicly announced from time to time by JPMCB as its prime rate in effect
at its principal office in New York City. Each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective. 

“Public Lender” has the meaning specified in Section 6.02. 

“Receivables” means, with respect to any Originator or SPV, such Originator’s or SPV’s presently existing and
hereafter arising or acquired accounts, accounts receivable, and all present and future rights of such Originator or SPV to payment for goods sold or leased or for services rendered (except those evidenced by instruments or chattel paper), whether
or not they have been earned by performance, and all rights in any merchandise or goods which any of the same may represent, and all rights, title, security and guarantees with respect to each of the foregoing, including, without limitation, any
right of stoppage in transit. 
 “Receivables and Related Security” means the Receivables and the related security and
collections with respect thereto which are sold or transferred by any Originator or SPV in connection with any Permitted Receivables Transfer. 

“Receivables Facility Attributable Indebtedness” means the amount of obligations outstanding under a Receivables Purchase
Facility on any date of determination that would be characterized as principal if such facility were structured as a secured lending transaction rather than as a purchase. 

“Receivables Purchase Documents” means any series of receivables purchase or sale agreements generally consistent with terms
contained in comparable structured finance transactions pursuant to which one or more Originators sell or transfer to one or more SPVs all of their respective rights, title and interests in and to certain Receivables and Related Security for further
sale or transfer to other purchasers of or investors in such assets (and the other documents, instruments and agreements 

  
 21 

 
executed in connection therewith), as any such agreements may be amended, restated, supplemented, refinanced, replaced or otherwise modified from time to time. 

“Receivables Purchase Facility” means the securitization facility made available to Ultimate Parent and its Subsidiaries,
pursuant to which the Receivables and Related Security of the Originators are transferred to one or more SPVs, and thereafter to certain investors, pursuant to the terms and conditions of the Receivables Purchase Documents. 

“Refinancing” means (a) the termination of that certain Amended and Restated Credit Agreement, dated as of
October 28, 2011, among the Allergan Acquired Business, the eligible subsidiaries referred to therein, the lenders party thereto, JPMCB, as administrative agent, Citibank, N.A., as syndication agent, and Bank of America, N.A., as documentation
agent, and any Guarantees related thereto, (b) the payment in full of any Indebtedness and other obligations (other than contingent indemnification obligations) outstanding thereunder and (c) the termination of all commitments to extend
credit thereunder. 
 “Register” has the meaning specified in Section 11.06(d). 

“Related Indemnified Parties” means, with respect to any Indemnitee, (a) any controlling Person or controlled Affiliate
of such Indemnitee, (b) the respective directors, officers or employees of such Indemnitee or any of its controlling Persons or controlled Affiliates and (c) the respective agents of such Indemnitee or any of its controlling Persons or
controlled Affiliates, in the case of this clause (c), acting at the instructions of such Indemnitee, controlling Person or such controlled Affiliate; provided that each reference to a controlled Affiliate or controlling Person in this
definition pertains to a controlled Affiliate or controlling Person involved in the negotiation of the Commitment Letter, the Fee Letters, this Agreement or any other Loan Document. 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the directors, officers, employees,
agents, advisors and other representatives of such Person and of such Person’s Affiliates. 
 “Reportable Event” means
any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30-day notice period has been waived under current law. 

“Required Five Year Lenders” means, as of any date of determination, Five Year Lenders holding in the aggregate more than 50%
of the sum of the Five Year Aggregate Commitments and the aggregate principal amount of the Five Year Loans then outstanding; provided that the Five Year Commitment and Five Year Loans of any Defaulting Lender will be excluded for purposes of
making a determination of Required Five Year Lenders. 
 “Required Lenders” means, as of any date of determination, Lenders
holding in the aggregate more than 50% of the sum of the Aggregate Commitments and the aggregate principal amount of the Loans then outstanding; provided that the Commitment and Loans of any Defaulting Lender will be excluded for purposes of
making a determination of Required Lenders. 
 “Required Three Year Lenders” means, as of any date of determination, Three
Year Lenders holding in the aggregate more than 50% of the sum of the Three Year Aggregate Commitments and the aggregate principal amount of the Three Year Loans then outstanding; provided that the Three Year Commitment and Three Year Loans
of any Defaulting Lender will be excluded for purposes of making a determination of Required Three Year Lenders. 

  
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 “Responsible Officer” means, with respect to any Person, the chief executive
officer, a manager (gérant), a director, the chief financial officer, the treasurer, the chief legal officer, the chief accounting officer or any vice president of such Person. Any document delivered hereunder that is signed by a
Responsible Officer of Ultimate Parent or any Loan Party will be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Person, and such Responsible Officer will be conclusively
presumed to have acted on behalf of such Person. 
 “Restricted Payment” means any dividend or other distribution (whether
in cash, securities or other property) with respect to any capital stock or other Equity Interest of Ultimate Parent, the Borrower or any Material 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 capital stock or other Equity Interest, or on account of any return of capital to Ultimate Parent’s shareholders,
partners or members (or the equivalent Person thereof). 
 “S&P” means Standard & Poor’s Financial
Services LLC, a subsidiary of The McGraw-Hill Financial, Inc., and any successor to its rating agency business. 

“Same Day Funds” means immediately available funds. 

“Sanctioned Country” means, at any time, a country or territory that is the subject or target of any Sanctions that broadly
prohibit dealings with that country or territory (at the time of this Agreement, Cuba, Iran, North Korea, Sudan and Syria). 

“Sanctioned Person” means, at any time, (a) any Person whose name appears on the list of Specially Designated Nationals
and Blocked Persons published by the Office of Foreign Assets Control of the U.S. Department of Treasury, (b) any Person listed in any Sanctions-related list of designated Persons maintained by the European Union or any EU member state,
(c) any Person located, organized or resident in a Sanctioned Country or (d) any Person owned or controlled by any such Person or Persons. 

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

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
functions. 
 “SEC Documents” means the Actavis SEC Documents, the WC SEC Documents, the Forest SEC Documents and the
Allergan SEC Documents. 
 “Securities Act” means the Securities Act of 1933. 

“Securities Exchange Act” means the Securities Exchange Act of 1934. 

“Solvent” and “Solvency” mean, with respect to any Person on a particular date, that on such date
(a) the fair value of the property of such Person (including, for the avoidance of doubt, property consisting of the residual equity value of such Person’s Subsidiaries) is greater than the total amount of liabilities, including contingent
liabilities, of such Person, (b) the present fair salable value of the assets of 

  
 23 

 
such Person (including, for the avoidance of doubt, property consisting of the residual equity value of such Person’s Subsidiaries) is greater than the amount that will be required to pay
the probable liability of such Person on the sum of its debts and other liabilities, including contingent liabilities, (c) such Person has not, does not intend to, and does not believe (nor should it reasonably believe) that it will, incur
debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they become due (whether at maturity or otherwise), (d) such Person does not have unreasonably small capital with which to conduct the businesses in
which it is engaged as such businesses are now conducted and are proposed to be conducted following the Closing Date, (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the
ordinary course of business, and (f) such Person is “solvent” within the meaning given to that term and similar terms under the Bankruptcy Code of the United States and applicable Laws relating to fraudulent transfers and conveyances.
The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured
liability. 
 “Specified Representations” means the representations and warranties contained in
Sections 5.01(a) (solely as it relates to Ultimate Parent and the Loan Parties), 5.01(b)(ii) (solely as it relates to requisite power and authority of Ultimate Parent and the Loan Parties), 5.02(a), 5.02(b)(i),
5.04, 5.10, 5.14(b) and 5.16. 
 “SPV” means any special purpose entity established for the
purpose of purchasing receivables in connection with a receivables securitization transaction permitted under the terms of this Agreement. 

“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the
denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves), expressed as a decimal, established by the Board of Governors of the Federal Reserve
System of the United States to which the Administrative Agent is subject for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board of Governors). Such reserve percentages shall include those
imposed pursuant to such Regulation D. Eurodollar Rate Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be
available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Subsidiary” means, with respect to any Person, a corporation, partnership, joint venture, limited liability company or other
business entity (a) of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of
the happening of a contingency) are at the time beneficially owned, or (b) that is, at the time any determination is made, otherwise Controlled, by such Person or one or more Subsidiaries of such Person or by such Person and one or more
Subsidiaries of such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” will refer to a Subsidiary or Subsidiaries of Ultimate Parent. 

“Subsidiary Guarantor” means (a) Actavis, (b) Actavis SCS and (c) each other Subsidiary of Ultimate Parent
that, after the Effective Date, becomes a party to this Agreement as a “Guarantor”, either at the election of Intermediate Parent or as required by Section 6.12, by executing and delivering to

  
 24 

 
the Administrative Agent a Subsidiary Guarantor Counterpart. As of the Effective Date, Actavis and Actavis SCS are the only Subsidiary Guarantors. 

“Subsidiary Guarantor Counterpart” means the Subsidiary Guarantor Counterpart Agreement to be entered into by any Subsidiary
Guarantor in favor of the Administrative Agent, substantially in the form of Exhibit E, with such modifications thereto as may be reasonably agreed by the Administrative Agent and Ultimate Parent in accordance with
Section 10.10(b). 
 “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or
forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot
contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and
(b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any
International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master
Agreement. 
 “Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the
effect of any netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and
(b) for any date prior to the date referenced in clause (a) of this definition, the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily
available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender) or any third party in the business of determining such values acceptable to the Administrative Agent. 

“Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a
so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but
which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment), and the amount of such obligation shall be the capitalized amount of the remaining lease
payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as capital lease. 

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

“Three Year Aggregate Commitments” means the aggregate amount of the Three Year Commitments of all the Three Year Lenders. As
of the Effective Date, the Three Year Aggregate Commitments are $2,750,000,000. 

  
 25 

 “Three Year Applicable Percentage” means, with respect to any Three Year Lender
at any time, the percentage (carried out to the ninth decimal place) of (a) prior to the Closing Date, the Three Year Aggregate Commitments represented by such Three Year Lender’s Three Year Commitment at such time and (b) thereafter,
the aggregate principal amount of all Three Year Loans outstanding at such time represented by such Three Year Lender’s outstanding Three Year Loans at such time. If the Three Year Aggregate Commitments have terminated and the Three Year Loans
have been repaid in full, then the Three Year Applicable Percentage of each Three Year Lender will be determined based on the Three Year Applicable Percentage of such Three Year Lender most recently in effect, giving effect to any subsequent
assignments. 
 “Three Year Borrowing” means a Borrowing comprised of Three Year Loans. 

“Three Year Commitment” means, as to each Lender, its obligation, if any, to make a Three Year Loan to the Borrower pursuant
to Section 2.01 in a principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 as its “Three Year Commitment” or in the Assignment and Assumption pursuant to which such
Lender shall have assumed its Three Year Commitment, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. 

“Three Year Lender” means, at any time, any Lender that has a Three Year Commitment or a Three Year Loan at such time. 

“Three Year Loan” has the meaning specified in Section 2.01(a). 

“Ticking Fees” has the meaning specified in Section 2.10(a). 

“Ticking Fees End Date” has the meaning specified in Section 2.10(a). 

“Transactions” means, collectively, (a) the consummation of the Allergan Acquisition, (b) the Refinancing,
(c) the execution and delivery of this Agreement and the borrowing of the Loans hereunder, (d) the execution and delivery of the Actavis Revolving Credit Agreement, (e) the execution and delivery of the Existing Actavis Term Loan
Credit Agreement, (f) the execution and delivery of the WC Term Loan Credit Agreement, (g) the execution and delivery of the definitive documentation for the Allergan Bridge Facility and any borrowing of loans thereunder, (h) the
execution and delivery of the definitive documentation for the Allergan Cash Bridge Facility and any borrowing of loans thereunder, (i) the incurrence by Ultimate Parent or any of its Subsidiaries of any Allergan Acquisition Indebtedness and
(j) the issuance and sale by Ultimate Parent of its common or mandatorily convertible preferred Equity Interests for the purpose of financing the Allergan Acquisition and the related transactions. 

“Type” means, with respect to a Loan, its character as a Base Rate Loan or a Eurodollar Rate Loan. 

“Ultimate Parent” means Actavis plc, a public limited company incorporated under the laws of Ireland, and its successors
permitted hereunder; provided that any successor shall expressly assume all of the prior Ultimate Parent’s rights and obligations under this Agreement and the other Loan Documents in accordance with Section 7.03 and pursuant
to documentation reasonably satisfactory to the Administrative Agent and such successor. 
 “United States” and
“U.S.” mean the United States of America. 

  
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 “US Dollar” and “$” mean lawful money of the United States.

 “US Person” means a “United States person” within the meaning of Section 7701(a)(30) of the Code. 

“VAT” means (a) any Tax imposed in compliance with the Council Directive of 28 November 2006 on the common system
of value added tax (EC Directive 2006/112) and (b) any other Tax of a similar nature, whether imposed in a member state of the European Union in substitution for, or levied in addition to, such Tax referred to in clause (a) of this
definition, or imposed elsewhere. 
 “VAT Supplier” has the meaning specified in Section 3.01(i). 

“VAT Recipient” has the meaning specified in Section 3.01(i). 

“VAT Relevant Party” has the meaning specified in Section 3.01(i). 

“Voidable Transfer” has the meaning specified in Section 9.10. 

“Warner Chilcott” means Warner Chilcott plc, a public limited company incorporated under the laws of Ireland. 

“Warner Chilcott Company” means Warner Chilcott Company, LLC, a limited liability company organized under the Laws of Puerto
Rico. 
 “Warner Chilcott Finance” means Warner Chilcott Finance, LLC, a Delaware limited liability company. 

“WC SEC Documents” means all reports, schedules, forms, proxy statements, prospectuses (including prospectus supplements),
registration statements and other information filed by Warner Chilcott with the SEC or furnished by Warner Chilcott to the SEC pursuant to the Securities Exchange Act. 

“WC Term Loan Credit Agreement” means that certain Second Amended and Restated WC Term Loan Credit and Guaranty Agreement,
dated as of December 17, 2014, among Ultimate Parent, Intermediate Parent, Warner Chilcott Finance, Warner Chilcott Corporation, a Delaware corporation, Actavis WC 2 S.à r.l., a private limited liability company
(société à responsabilité limitée) incorporated under the laws of the Grand-Duchy of Luxembourg, and Warner Chilcott Company, as borrowers, each lender from time to time party thereto and Bank of America,
N.A., as administrative agent thereunder, as amended, restated, supplemented, modified, extended, renewed, refinanced or replaced from time to time, whether or not with the same lenders or agents. 

“Wholly Owned Subsidiary” means, with respect to any Person, a Subsidiary of such Person all the Equity Interests of which
(except for directors’ qualifying shares and other nominal amounts of Equity Interests that are required to be held by other Persons under applicable Law) are, at the time any determination is being made, owned, Controlled or held by such
Person and/or one or more Wholly Owned Subsidiaries of such Person. 
 “Withholding Agents” means any Loan Party, Ultimate
Parent and the Administrative Agent. 

  
 27 

 SECTION 1.02 Other Interpretive Provisions. With reference to this Agreement and each
other Loan Document, unless otherwise specified herein or in such other Loan Document: 
 (a) The definitions of terms herein will apply
equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun will include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and
“including” will be deemed to be followed by the phrase “without limitation”. The word “will” will be construed to have the same meaning and effect as the word “shall”. Unless the
context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document (including any Organization Document) will be construed as referring to such agreement, instrument or other document as from time to
time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person will be construed to include
such Person’s successors and permitted assigns, (iii) the words “herein”, “hereof” and “hereunder”, and words of similar import when used in any Loan Document, will be construed to refer
to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules will be construed to refer to Articles and Sections of, and Exhibits
and Schedules to, the Loan Document in which such references appear, (v) any reference to any law will include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or
regulation will, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and “property” will be construed to have the same
meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

(b) In the computation of periods of time from a specified date to a later specified date, the word “from” means
“from and including”; the words “to” and “until” each mean “to but excluding”; and the word “through” means “to and including.” 

(c) Section headings herein and in the other Loan Documents are included for convenience of reference only and will not affect the
interpretation of this Agreement or any other Loan Document. 
 SECTION 1.03 Accounting Terms. (a) Generally. All
accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be
prepared in conformity with, GAAP, subject to the last sentence of Section 1.03(b). Notwithstanding anything in this Agreement or any other Loan Document to the contrary, for purposes of determining compliance with any covenant
(including the computation of any financial covenant) contained herein, Indebtedness of Ultimate Parent and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB
ASC 470-20 on financial liabilities shall be disregarded. 
 (b) Changes in GAAP. If at any time any change in GAAP would affect the
computation of any financial ratio or requirement set forth in any Loan Document, and either Ultimate Parent or the Required Lenders shall so request, the Administrative Agent, the Lenders and Ultimate Parent 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, (i) such ratio or requirement shall continue to be
computed in accordance with GAAP prior to such change therein and (ii) Ultimate Parent shall provide to the Administrative Agent and the 

  
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Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or
requirement made before and after giving effect to such change in GAAP. Notwithstanding anything in this Agreement or any other Loan Document to the contrary, leases will be accounted for, and all calculations, ratios and computations with respect
to leases contained in this Agreement will be computed with respect to each lease, without giving effect to any change to GAAP occurring after the date hereof as a result of the adoption of any proposals set forth in the Proposed Accounting
Standards Update, Leases (Topic 840), issued by the Financial Accounting Standards Board on August 17, 2010, or any other proposals issued by the Financial Accounting Standards Board in connection therewith, in each case if such change
would require treating any lease as a capital lease where such lease would not have been required to be so treated under GAAP as in effect on the date hereof. 

(c) Pro Forma Calculations. All pro forma computations required to be made hereunder giving effect to any Material Acquisition or
Material Disposition shall be calculated after giving pro forma effect thereto (and to any other such transaction consummated since the first day of the period for which such pro forma computation is being made and on or prior to the date of such
computation) as if such transaction had occurred on the first day of the period of four consecutive fiscal quarters ending with the most recent fiscal quarter of Ultimate Parent for which financial statements shall have been delivered pursuant to
Section 6.01(a) or 6.01(b) (or, prior to the first such delivery, ending with the most recent fiscal quarter referred to in Section 5.05(a)), and, to the extent applicable, the historical earnings and cash flows
associated with the assets acquired or disposed of, any related incurrence or reduction of Indebtedness and any related cost savings, operating expense reductions and synergies which, in the case of reductions in cost, (i) are calculated on a
basis that is consistent with Article 11 of Regulation S-X under the Securities Act or (ii) are implemented, committed to be implemented, the commencement of implementation of which has begun or is reasonably expected to be
implemented in good faith by the business that was the subject of any such asset acquisition or disposition within twelve (12) months of the date of such asset acquisition or disposition and that are factually supportable and quantifiable and
expected to have a continuing impact, as if, in the case of each of clauses (i) and (ii), all such reductions in costs had been effected as of the beginning of such period, decreased by any non-one-time incremental expenses
incurred or to be incurred during such period in order to achieve such reduction in costs. If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the
rate in effect on the date of determination had been the applicable rate for the entire period (taking into account any Swap Contract applicable to such Indebtedness). 

SECTION 1.04 Rounding. Any financial ratios required to be maintained by Ultimate Parent pursuant to this Agreement shall be calculated
by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if
there is no nearest number). 
 SECTION 1.05 Classification of Loans and Borrowings. For purposes of this Agreement, Loans and
Borrowings may be classified and referred to by Class (e.g., a “Three Year Loan” or “Three Year Borrowing”) or by Type (e.g., a “Eurodollar Rate Loan” or “Eurodollar Rate Borrowing”) or by Class
and Type (e.g., a “Eurodollar Rate Three Year Loan” or “Eurodollar Rate Three Year Borrowing”). 
 SECTION 1.06
Effectuation of Transactions. All references herein to Ultimate Parent and its Subsidiaries on the Closing Date shall be deemed to be references to such Persons, and all the 

  
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representations and warranties of Ultimate Parent and the Loan Parties contained in this Agreement and the other Loan Documents shall be deemed made on the Closing Date, in each case, after
giving effect to the Allergan Acquisition and the other Transactions to occur on the Closing Date, unless the context expressly requires otherwise. 

ARTICLE II 
 THE COMMITMENTS
AND BORROWINGS 
 SECTION 2.01 Loans. (a) Subject to the terms and conditions set forth herein, each Three Year Lender
agrees to make a term loan (each such loan, a “Three Year Loan”) to the Borrower in US Dollars on the Closing Date in a principal amount not to exceed its Three Year Commitment. Amounts borrowed under this
Section 2.01(a) and repaid or prepaid may not be reborrowed. Three Year Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. 

(b) Subject to the terms and conditions set forth herein, each Five Year Lender agrees to make a term loan (each such loan, a “Five
Year Loan”) to the Borrower in US Dollars on the Closing Date in a principal amount not to exceed its Five Year Commitment. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Five Year Loans
may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. 
 SECTION 2.02 Borrowings, Conversions and Continuations of
Loans. (a) Each Borrowing, each conversion of any Borrowing from one Type to the other, and each continuation of any Eurodollar Rate Borrowing will be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may
be given by telephone. Each such notice must be received by the Administrative Agent not later than (i) 12:00 noon, New York City time, three (3) Business Days prior to the requested date of any Borrowing of, or conversion to or
continuation of, Eurodollar Rate Loans and (ii) 10:00 a.m., New York City time, on the requested date of any Borrowing of, or conversion to, Base Rate Loans; provided that if the Borrower specifies a Pre-Funding Date in any Loan Notice,
then such Loan Notice must be received by the Administrative Agent not later than 10:00 a.m., New York City time, on the Pre-Funding Date; provided further that if the Borrower wishes to request a Eurodollar Rate Borrowing having
an Interest Period other than one, two, three or six months in duration as provided in the definition of “Interest Period”, the applicable notice must be received by the Administrative Agent not later than 12:00 noon, New York City
time, four (4) Business Days prior to the requested date of such Borrowing, whereupon the Administrative Agent will give prompt notice to the Lenders of such request and determine whether the requested Interest Period is acceptable to all
of them. Not later than 12:00 noon, New York City time, three (3) Business Days before the requested date of such Borrowing, the Administrative Agent will notify the Borrower (which notice may be by telephone) whether or not the requested
Interest Period has been consented to by all the Lenders. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by hand delivery, fax or e-mail to the Administrative Agent of a written Loan
Notice, appropriately completed and signed by a Responsible Officer of the Borrower. 
 Each Loan shall be made as part of a Borrowing
consisting of Loans of the same Class and Type made by the Lenders ratably in accordance with their respective Commitments of the applicable Class. Each Borrowing initially shall be of the Type specified in the applicable Loan Notice and, in the
case of a Eurodollar Rate Borrowing, each Borrowing shall have an initial Interest Period as specified in such applicable Loan Notice. Thereafter, the Borrower may elect to convert such Borrowing to a Borrowing of a different Type or to continue
such Borrowing and, in the case of a Eurodollar Rate 

  
 30 

 
Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.02(a). The Borrower may elect different conversion or continuation options with respect to different
portions of the affected Borrowing (and all references herein to conversion or continuation of a Borrowing shall be understood to include any such election of different options with respect thereto), in which case each such portion shall be
allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. 

At the commencement of each Interest Period for any Eurodollar Rate Borrowing, such Borrowing shall be in a principal amount of $5,000,000 or
a whole multiple of $1,000,000 in excess thereof. At the Closing Date, each Base Rate Borrowing shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. 

Each Loan Notice (whether telephonic or written) will specify (i) whether the Borrower is requesting a Borrowing, a conversion of any
Borrowing from one Type to the other, or a continuation of any Eurodollar Rate Borrowing, (ii) whether such Borrowing is a Three Year Borrowing or a Five Year Borrowing, (iii) the requested date of such Borrowing, conversion or
continuation, as the case may be (which shall be a Business Day), and if applicable, the anticipated Closing Date and the requested Pre-Funding Date, (iv) the aggregate principal amount of Loans to be borrowed or the existing Borrowing that is
to be converted or continued (and, if different conversion or continuation options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing), (v) the Type of each requested
resulting Borrowing, provided that if any Loan Notice specifies a Pre-Funding Date, then the requested Borrowing shall initially be a Base Rate Borrowing, (vi) the duration of the Interest Period with respect to each requested resulting
Eurodollar Rate Borrowing and (vii) if applicable, the location and number of the account of the Borrower to which funds are to be disbursed, which account shall be located in New York City, Switzerland or another jurisdiction acceptable to the
Administrative Agent. If the Borrower fails to specify a Type of the requested Loans in a Loan Notice, then the applicable Loans will be made as Base Rate Loans. If the Borrower fails to give timely notice requesting a conversion or continuation of
any Eurodollar Rate Borrowing, such Eurodollar Rate Borrowing will be continued with an Interest Period of one month. If the Borrower requests a Borrowing of, or conversion to or continuation of, Eurodollar Rate Loans in any Loan Notice, but fails
to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. 
 (b) Following receipt of a Loan
Notice, the Administrative Agent will promptly notify each Lender of the applicable Class of the details thereof and of the amount of its Applicable Percentage of each resulting Borrowing. Subject to Section 2.02(c), in the case of a
Loan Notice requesting the making of a Borrowing, each Lender will make the amount of its Loan to be made as part of such Borrowing available to the Administrative Agent, in Same Day Funds by wire transfer to the account of the Administrative Agent
most recently designated by it for such purpose by notice to the Lenders, not later than 1:00 p.m., New York City time, on the date of such Borrowing specified in the applicable Loan Notice. Subject to Section 2.02(c), upon satisfaction
(or waiver in accordance with Section 11.01) of the conditions set forth in Section 4.02, the Administrative Agent will make such Loans available to the Borrower by promptly remitting the amounts so received, in Same Day
Funds by wire transfer to the account of the Borrower specified in the applicable Loan Notice. 
 (c) (i) The Borrower may specify in
its Loan Notice requesting the making of Loans the date (such date being referred to as the “Pre-Funding Date”), which shall be a Business Day occurring after the Effective Date and prior to the Closing Date, and shall not be
earlier than three (3) Business Days prior to the anticipated Closing Date set forth in such Loan Notice, on which each Lender shall be required to pre-fund to the Administrative Agent the amount of its Loan requested to be made in

  
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such Loan Notice. If a Pre-Funding Date has been specified in a Loan Notice, each Lender shall remit to the Administrative Agent an amount equal to its Applicable Percentage of each Class of
Loans requested in such Loan Notice to be made on the Closing Date, in Same Day Funds by wire transfer to the account of the Administrative Agent designated by it for such purpose by notice to the Lenders (the funds so remitted by any Lender to the
Administrative Agent being referred to as the “Pre-Advanced Funds” of such Lender). Each Lender hereby irrevocably authorizes and directs the Administrative Agent to make its Pre-Advanced Funds available to the Borrower in
accordance with Section 2.02(c)(ii). Prior to the release thereof in accordance with Section 2.02(c)(ii), the Administrative Agent shall hold the Pre-Advanced Funds of any Lender, solely for the benefit of such Lender, in a
non-interest bearing deposit account with JPMCB (and the Administrative Agent may deposit the Pre-Advanced Funds with JPMCB pursuant to an escrow arrangement reasonably satisfactory to the Administrative Agent and JPMCB, in its capacity as the
escrow agent, with the Borrower hereby agreeing that, prior to the Pre-Funding Date, it shall enter into an escrow agreement with respect thereto in form and substance reasonably satisfactory to the Administrative Agent and JPMCB, in its capacity as
the escrow agent). It is understood and agreed that, without limiting the obligations of the Lenders or the Administrative Agent hereunder, the Borrower shall have no right, title or interest in any Pre-Advanced Funds, and shall have no right to
give directions or instructions to the Administrative Agent with regard to investment, application, withdrawal or remittance of any Pre-Advanced Funds or otherwise with respect to any Pre-Advanced Funds. 

(ii) The Administrative Agent shall withdraw and remit the Pre-Advanced Funds of any Lender only as follows: (A) the
Administrative Agent shall make the Pre-Advanced Funds of each Lender available to the Borrower by remitting the entire amount thereof, in Same Day Funds by wire transfer to an account of the Borrower specified in the applicable Loan Notice, such
remittance to be made not later than 9:00 a.m., New York City time, on the anticipated Closing Date (or, subject to clause (B) below, such later time and date as the Borrower and the Administrative Agent shall agree), subject to the
Administrative Agent having received evidence satisfactory to it that the conditions set forth in Section 4.02 have been, or substantially concurrently therewith will be, satisfied (or waived in accordance with
Section 11.01), it being understood and agreed that the obligation of each Lender to make available to the Administrative Agent the amount of its Loan pursuant to Section 2.02(b) shall be satisfied to the extent of its
Pre-Advanced Funds so remitted by the Administrative Agent to the Borrower, or (B) if for any reason the Closing Date does not occur on or before 11:59 p.m., New York City time, on the date that is two (2) Business Days after the
anticipated Closing Date specified in the Loan Notice, or in the event the Aggregate Commitments shall terminate or be reduced to zero as set forth in Section 2.07, the Administrative Agent shall promptly return to each Lender such
Lender’s Pre-Advanced Funds. Without limiting the provisions of Section 10.04, each Lender expressly acknowledges and agrees that in releasing any Pre-Advanced Funds pursuant to clause (A) above, the Administrative Agent shall
be entitled to rely, and shall not incur any liability for relying, upon the certificate of a Responsible Officer of Ultimate Parent delivered pursuant to Section 4.02(a)(i). 

(iii) Whether or not the Closing Date occurs and whether or not Loans are made on the Closing Date, the Borrower agrees to pay
to each Lender of each Class an amount (the “Pre-Funding Compensation Amount”) that is equal to the amount of interest that would have accrued hereunder on its Pre-Advanced Funds in respect of Loans of any Class if such Pre-Advanced
Funds had been used to fund Base Rate Loans of such Class on the Pre-Funding Date (or, if later, the date such Pre-Advanced Funds were delivered to 

  
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the Administrative Agent pursuant to Section 2.02(c)(i)) and as if such Loans were outstanding for the period of time that such Pre-Advanced Funds are held by the Administrative Agent
in accordance with this Section 2.02(c). To the extent that the Pre-Advanced Funds of any Lender are used to fund its Applicable Percentage of any Class of Loans made on the Closing Date, the Pre-Funding Compensation Amount due to such
Lender in respect of such Class of Loans shall be payable by the Borrower to such Lender on the first Interest Payment Date for such Class of Loans following the Closing Date. To the extent that all or any part of the Pre-Advanced Funds of any
Lender are returned by the Administrative Agent to such Lender for any reason and are not used to fund Loans, the Pre-Funding Compensation Amount due to such Lender shall be payable by the Borrower to such Lender within one (1) Business Day
after demand. 
 (d) Notwithstanding anything in this Agreement to the contrary, during the existence of an Event of Default, no Borrowing
may be converted to or continued as Eurodollar Rate Borrowing without the consent of the Required Lenders. 
 (e) The applicable Base Rate
or Eurodollar Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error. The Administrative Agent will notify the Borrower and the Lenders of the applicable Class of the Eurodollar Rate
applicable to any Eurodollar Rate Borrowing for any Interest Period promptly upon determination thereof. At any time that Base Rate Loans are outstanding, the Administrative Agent will notify the Borrower and the Lenders of any change in the Prime
Rate used in determining the Base Rate promptly following the public announcement of such change. 
 (f) Notwithstanding anything in this
Agreement to the contrary, after giving effect to all Borrowings, all conversions of Borrowings from one Type to the other, and all continuations of Eurodollar Rate Borrowings, there will not be more than ten (10) Interest Periods in effect
with respect to Eurodollar Rate Loans. 
 SECTION 2.03 [Reserved]. 

SECTION 2.04 [Reserved]. 

SECTION 2.05 [Reserved]. 

SECTION 2.06 Prepayments. The Borrower may, upon notice from it to the Administrative Agent, at any time or from time to time
voluntarily prepay any Borrowing in whole or in part, without premium or penalty; provided that (a) such notice must be received by the Administrative Agent not later than 11:00 a.m., New York City time (i) three (3) Business
Days prior to any date of prepayment of any Eurodollar Rate Borrowing and (ii) on the date of prepayment of any Base Rate Borrowing; (b) any prepayment of Eurodollar Rate Loans will be in a principal amount of $5,000,000 or a whole
multiple of $1,000,000 in excess thereof; and (c) any prepayment of Base Rate Loans will be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount of the Loans
of the applicable Class and Type then outstanding. Each such notice shall specify the prepayment date, the Borrowing or Borrowings to be prepaid and the principal amount of each Borrowing or portion thereof to be prepaid. The Administrative Agent
will promptly notify each Lender of the applicable Class of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment of any Borrowing. If such notice is given by the Borrower, it will make
such prepayment and the payment amount specified in such notice will be due and 

  
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payable on the date specified therein; provided that, subject to Section 3.05, such notice may state that such notice is conditioned upon the occurrence of one or more events
specified therein, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified date of prepayment) if such condition is not satisfied and, in the case of such revocation, the Borrower
shall not be required to make such prepayment and such prepayment amount shall cease to be due and payable. Any prepayment of a Loan shall be accompanied by all accrued interest on the amount prepaid and, in the case of any prepayment of Eurodollar
Rate Loans on any day other than the last day of the Interest Period applicable thereto, shall be subject to Section 3.05. Each prepayment of a Borrowing shall be applied ratably to the Loans comprising the prepaid Borrowing and, in the
case of a prepayment of any Five Year Borrowing, shall be applied to reduce the subsequent scheduled repayments of the Five Year Borrowings to be made pursuant to Section 2.08(b) in the manner directed by the Borrower or, in the absence
of such direction, in direct order of maturity. 
 SECTION 2.07 Termination or Reduction of Commitments. (a) The Borrower may,
upon notice to the Administrative Agent, terminate or permanently reduce the Commitments of any Class; provided that (i) any such notice must be received by the Administrative Agent not later than 11:00 a.m., New York City time, three
(3) Business Days prior to the date of termination or reduction and (ii) any such partial reduction will be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof. Each notice delivered by the Borrower
pursuant to this Section 2.07(a) shall be irrevocable; provided that a notice of termination of the Commitments of any Class delivered by the Borrower may state that such notice is conditioned upon the occurrence of one or more
events specified therein, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified date of termination) if such condition is not satisfied. 

(b) Each Lender’s Commitment of any Class shall be automatically reduced by the amount of each Loan of such Class made by such Lender,
such reduction to be effective immediately following the making of such Loan by such Lender. Unless previously terminated, the Aggregate Commitments shall terminate automatically on the earliest of (i) the Outside Date, (ii) the
consummation of the Allergan Acquisition without the borrowing by the Borrower of any Loans hereunder, (iii) the termination of the Allergan Merger Agreement in accordance with its terms and (iv) 11:59 p.m., New York City time, on the
Closing Date. 
 (c) Promptly following receipt of any notice pursuant to Section 2.07(a), the Administrative Agent will notify
the Lenders of the applicable Class of the details thereof. Any partial reduction of the Commitments of any Class will be applied to the Commitments of such Class of the Lenders according to their respective Three Year Applicable Percentages or Five
Year Applicable Percentages, as applicable. Any termination or reduction of the Commitments of any Class shall be permanent. All Ticking Fees accrued through the date of any termination or reduction of the Commitments of any Class (in the case of
any reduction, in respect of the aggregate amount of the Commitments of such Class subject to such reduction) shall be payable on the date of such termination or reduction. 

SECTION 2.08 Repayment of Loans. (a) The Borrower will repay the full outstanding principal amount of the Three Year Loans on the
Maturity Date with respect to such Loans. 
 (b) The Borrower will repay the Five Year Borrowings in equal quarterly installments on the
last Business Day of each June, September, December and March, commencing with the first such date to occur at least one full fiscal quarter after the Closing Date and ending on the last such day to occur prior to the Maturity Date for the Five Year
Loans, in an aggregate principal amount for 

  
 34 

 
each such date equal to 2.50% of the aggregate principal amount of the Five Year Loans outstanding on the Closing Date (as such amounts shall be reduced as a result of the application of
prepayments in accordance with Section 2.06). To the extent not previously paid as of such date, the Borrower will repay the full outstanding principal amount of the Five Year Loans on the Maturity Date with respect to such Loans. 

SECTION 2.09 Interest. (a) Subject to the provisions of Section 2.09(b), (i) each Eurodollar Rate Loan will bear
interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Rate for Eurodollar Rate Loans that are Three Year Loans or Five Year
Loans, as applicable; and (ii) each Base Rate Loan will bear interest on the outstanding principal amount thereof at a rate per annum equal to the Base Rate plus the Applicable Rate for Base Rate Loans that are Three Year Loans or Five
Year Loans, as applicable. 
 (b) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or other amount
payable by the Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of
overdue principal of any Loan, 2.00% per annum plus the rate otherwise applicable to such Loan as provided in Section 2.09(a), (ii) in the case of overdue interest or fees with respect to any Loan or Commitment of any Class,
2.00% per annum plus the rate applicable to Base Rate Loans of such Class as provided in Section 2.09(a) or (iii) in the case of any other amount, 2.00% per annum plus the rate applicable to Base Rate Loans that are Three
Year Loans as provided in Section 2.09(a). 
 (c) Accrued and unpaid interest on past due amounts (including interest on past
due interest) shall be due and payable upon demand. 
 (d) Interest on each Loan will be due and payable in arrears on each Interest Payment
Date applicable thereto and at such other times as may be specified herein; provided that (i) in the event of any repayment or prepayment of any Loan, accrued interest on the principal amount repaid or prepaid shall be payable on the
date of such repayment or prepayment and (ii) in the event of any conversion of any Eurodollar Rate Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such
conversion. Interest hereunder will be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 

SECTION 2.10 Fees. (a) The Borrower shall pay to the Administrative Agent, for the account of each Lender (subject to
Section 2.15 in the case of any Defaulting Lender), a ticking fee in US Dollars (collectively, the “Ticking Fees”), which shall accrue at the rate of 0.175% per annum times the daily aggregate amount of the
Commitments of such Lender during the period from and including the Effective Date until the earlier of (i) the Closing Date and (ii) the termination or expiration of the Commitments of such Lender (such earlier date, the “Ticking
Fee End Date”). Accrued Ticking Fees shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, on the Ticking Fee End Date and at such other times as may be specified herein. 

(b) The Borrower will pay on the Closing Date to the Administrative Agent, for the account of each Three Year Lender, as fee compensation for
the funding of such Lender’s Three Year Loans, an upfront fee in an amount as separately agreed by Ultimate Parent and the Arrangers. The Borrower will pay on the Closing Date to the Administrative Agent, for the account of each Five Year

  
 35 

 
Lender, as fee compensation for the funding of such Lender’s Five Year Loans, an upfront fee in an amount as separately agreed by Ultimate Parent and the Arrangers. Such upfront fees shall
be netted against the gross proceeds of the Three Year Loans or the Five Year Loans, as applicable, made by such Lender. 
 (c) The Borrower
will pay to the Arrangers and the Administrative Agent, for their own respective accounts, in US Dollars, fees in the amounts and at the times specified in the Fee Letters. 

(d) All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent (or to the
Arrangers, in the case of fees payable to them) for distribution, in the case of Ticking Fees and upfront fees, to the Lenders entitled thereto. All fees will be fully earned when paid and will not be refundable for any reason whatsoever. 

SECTION 2.11 Computation of Interest and Fees. All computations of interest for Base Rate Loans when the Base Rate is determined by
reference to the Prime Rate will be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest will be made on the basis of a 360-day year and actual days elapsed (which
results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest will accrue on each Loan for the day on which the Loan is made, and will not accrue on a Loan, or any portion thereof, for the day
on which the Loan or such portion is paid; provided that any Loan that is repaid on the same day on which it is made will, subject to Section 2.13(a), bear interest for one day. Each determination by the Administrative Agent of an
interest rate or fee hereunder will be conclusive and binding for all purposes, absent manifest error. 
 SECTION 2.12 Evidence of
Debt. The Loans made by each Lender will be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent
and each Lender will be conclusive absent manifest error of the amount of the Loans made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so will not, however, limit or otherwise
affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. The Administrative Agent will provide to the Borrower or Ultimate Parent, upon their request, a statement of Loans, payments and other
transactions pursuant to this Agreement. Such statement will be deemed correct, accurate, and binding on the Borrower (except for corrections and errors discovered by the Administrative Agent), unless the Borrower or Ultimate Parent notifies the
Administrative Agent in writing to the contrary within thirty (30) days after such statement is rendered. In the event a timely written notice of objections is given by the Borrower or Ultimate Parent, only the items to which exception is
expressly made will be considered to be disputed by the Borrower. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the
accounts and records of the Administrative Agent will control in the absence of manifest error. Upon the request of any Lender to the Borrower made through the Administrative Agent, the Borrower will execute and deliver to such Lender (through the
Administrative Agent) a Note, which will evidence such Lender’s Loans to the Borrower in addition to such accounts or records. Each Lender may attach schedules to a Note and endorse thereon the date, Type (if applicable), amount and maturity of
its Loans and payments with respect thereto. 
 SECTION 2.13 Payments Generally; Administrative Agent’s Clawback.
(a) General. All payments to be made by the Borrower will be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder
will be made to the Administrative Agent, for the account of the Lenders to 

  
 36 

 
which such payments are due (except that payments pursuant to Sections 3.01, 3.04, 3.05 and 11.04 shall be made directly to the Persons entitled thereto), in each case
in US Dollars and in Same Day Funds not later than 1:00 p.m., New York City time, on the date specified herein. All such payments to the Administrative Agent shall be made to such account as may be specified by the Administrative Agent. The
Administrative Agent shall distribute any such payment received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. All payments received by the Administrative Agent after 1:00 p.m., New York
City time, on any day will be deemed received on the next succeeding Business Day and any applicable interest or fee will continue to accrue. If any payment to be made by the Borrower will come due on a day that is not a Business Day, payment will
be made on the next following Business Day, except as otherwise set forth in the definition of “Interest Period” or “Maturity Date”, and such extension of time will be reflected in computing interest or fees, as the case may be.

 (b) Funding by Lenders; Presumption by Administrative Agent. (i) Unless the Administrative Agent will have received notice
from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share
available on such date in accordance with Section 2.02 and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable
Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in Same Day Funds with interest thereon, for each day from
and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the Overnight Rate, plus any administrative,
processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made by the Borrower, the interest rate applicable to Base Rate Loans of the applicable Class.
If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent will promptly remit to the Borrower the amount of such interest paid by the Borrower for such period.
If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid will constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrower will be without prejudice to any claim the
Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. 
 (ii)
Payments by the Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent will have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the
Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders the
amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender in Same Day Funds with interest
thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the Overnight Rate. 

A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this
Section 2.13(b) will be conclusive, absent manifest error. 

  
 37 

 (c) Failure to Satisfy Conditions Precedent. In the event that: 

(i) any Lender made available to the Administrative Agent its Pre-Advanced Funds and, subsequent thereto, such Lender shall
have delivered to the Administrative Agent a written notice prior to 7:00 a.m., New York City time, on the anticipated Closing Date (as such date is specified in the applicable Loan Notice or, in the case of any extension thereof as contemplated by
Section 2.02(c)(ii), as such date is agreed to be extended to by the Borrower and the Administrative Agent) that any one or more of the conditions set forth in Section 4.02 is not capable of being satisfied as and when
required by Section 4.02 with respect to such anticipated Closing Date, specifying any such condition and an explanation for its assertion that such condition is not capable of being so satisfied, then, notwithstanding anything to the
contrary in Section 2.02(c)(ii), the Administrative Agent shall not, and shall not be required to, make available to the Borrower in accordance with such Section such Lender’s Pre-Advanced Funds (but, for the avoidance of doubt, may
make available in accordance with such Section the Pre-Advanced Funds of any other Lender) and shall instead return such funds (in like funds as received from such Lender) to such Lender, without interest (it being understood and agreed that
delivery of any such notice by any Lender shall be without prejudice to any claim the Borrower may have against such Lender for its failure to make any Loan required to be made by it hereunder); or 

(ii) any Lender made available to the Administrative Agent funds for any Loan to be made by such Lender to the Borrower as
provided in Section 2.02(b), and such funds are not made available to the Borrower by the Administrative Agent because the conditions set forth in Section 4.02 are not satisfied (or waived in accordance with
Section 11.01), the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 

Without limiting the provisions of Section 10.04, each Lender expressly acknowledges and agrees that in releasing to the Borrower any funds made
available to the Administrative Agent by any Lender, (A) the Administrative Agent shall be entitled to rely, and shall not incur any liability for relying, upon the certificate of a Responsible Officer of Ultimate Parent delivered pursuant to
Section 4.02(a)(i) and (B) any good faith determination by the Administrative Agent that any condition set forth in Section 4.02 has been satisfied shall, subject to clauses (i) and (ii) above, be binding on
each Lender. 
 (d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans and to make payments
pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to deliver its Pre-Advanced Funds, to make any Loan or to make any payment under Section 11.04(c) on any date required hereunder will not
relieve any other Lender of its corresponding obligation to do so on such date, and no Lender will be responsible for the failure of any other Lender so to deliver its Pre-Advanced Funds, to make its Loan or to make its payment under
Section 11.04(c). 
 (e) Funding Source. Nothing herein will be deemed to obligate any Lender to obtain the funds for any
Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

SECTION 2.14 Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of the Loans made by it resulting in such Lender’s receiving payment of a proportion of the aggregate 

  
 38 

 
amount of such Loans and accrued interest thereon greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion will (a) notify the
Administrative Agent of such fact and (b) purchase (for cash at face value) participations in the Loans of the other Lenders, or make such other adjustments as will be equitable, so that the benefit of all such payments will be shared by the
Lenders ratably in accordance with the aggregate amounts of principal of and accrued interest on their respective Loans, provided that: 

(i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such
participations will be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(ii) the provisions of this Section 2.14 will not be construed to apply to (A) any payment made by the
Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender) or (B) any payment obtained by a Lender as consideration for the assignment
of or sale of a participation in any of its Loans to any assignee or participant. 
 Each Loan Party consents to the foregoing and agrees,
to the extent it may effectively do so under applicable Laws, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Loan Party rights of setoff and counterclaim with respect to such participation
as fully as if such Lender were a direct creditor of such Loan Party in the amount of such participation. 
 SECTION 2.15 Defaulting
Lenders. 
 (a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a
Defaulting Lender, then the following provisions shall apply until such time as such Lender is no longer a Defaulting Lender: 

(i) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or
consent with respect to this Agreement or any other Loan Document shall be restricted as set forth in Section 11.01. 

(ii) Ticking Fees. Ticking Fees shall cease to accrue on the amount of the Commitments of such Lender pursuant to
Section 2.10(a), and the Borrower shall not be required to pay any Ticking Fees that otherwise would have been required to have been paid to such Defaulting Lender for any period during which such Lender is a Defaulting Lender. 

(b) Defaulting Lender Cure. If Ultimate Parent and the Administrative Agent agree in writing in their sole discretion that a Defaulting
Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the date such confirmation is so received or the effective date specified in such notice (and subject to any
conditions set forth therein), as applicable, such Lender will, to the extent applicable, take such actions as the Administrative Agent may determine to be appropriate in connection with such Lender ceasing to be a Defaulting Lender, whereupon such
Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while such Lender was a Defaulting Lender; and provided,
further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to 

  
 39 

 
Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender. 

ARTICLE III 
 TAXES, YIELD
PROTECTION AND ILLEGALITY 
 SECTION 3.01 Taxes. 

(a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. 

(i) Any and all payments by or on account of any obligation of any Loan Party or Ultimate Parent hereunder or under any other
Loan Document shall to the extent permitted by applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, applicable Laws require any Withholding Agent to withhold or deduct any Tax, such Tax shall be
withheld or deducted in accordance with such Laws as determined by such Withholding Agent, as the case may be, including upon the basis of the information and documentation to be delivered pursuant to Section 3.01(e). 

(ii) If any Withholding Agent shall be required by applicable Law to withhold or deduct any Taxes, including both United States
federal backup withholding and withholding Taxes, from any payment, then (A) the Withholding Agent shall withhold or make such deductions as are determined by the Withholding Agent to be required, including based upon the information and
documentation it has received pursuant to Section 3.01(e), (B) the Withholding Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with applicable Law, and (C) to the
extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by such Loan Party or Ultimate Parent shall be increased as necessary so that after any required withholding or the making of all required deductions
(including withholding or deductions applicable to additional sums payable under this Section 3.01) the Administrative Agent or the applicable Lender, as the case may be, receives an amount equal to the sum it would have received had no
such withholding or deduction been made. 
 (b) Payment of Other Taxes by the Loan Parties and Ultimate Parent. Without limiting the
provisions of Section 3.01(a), the Loan Parties shall and Ultimate Parent shall, or shall cause the Loan Parties to, timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Laws, except for Other
Taxes resulting from an assignment by any Lender pursuant to Section 11.06(b) if such assignment is not at the request of Ultimate Parent or the Borrower pursuant to Section 11.13. 

(c) Tax Indemnifications. (i) Without limiting or duplication of the provisions of Section 3.01(a) or
3.01(b), each Loan Party shall, and does hereby, indemnify the Administrative Agent and each Lender, and shall make payment in respect thereof within 20 days after demand therefor, for the full amount of any Indemnified Taxes (including
Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01) paid by the Administrative Agent or such Lender, as the case may be, and any penalties, interest and reasonable expenses (including the
fees, charges and 

  
 40 

 
disbursements of any counsel for the Administrative Agent or such Lender) arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority. Each Lender and the Administrative Agent agrees to give written notice to the Borrower and Ultimate Parent of the assertion of any claim against such Lender or the Administrative Agent, as the case
may be, relating to such Indemnified Taxes no later than 180 days after the principal officer of such party responsible for administering this Agreement obtains knowledge thereof. Each Loan Party shall also, and does hereby, indemnify the
Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor, for any amount which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as required by Section 3.01(c)(ii)
after the Administrative Agent has exercised such remedies provided in Section 3.01(c)(ii) as the Administrative Agent in its good faith discretion determines to be appropriate. A certificate as to any amount due pursuant to this
Section 3.01(c)(i) delivered to the Borrower and Ultimate Parent by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 

(ii) Without limiting the provisions of Section 3.01(a) or 3.01(b), and except as provided below, each
Lender shall, and does hereby, indemnify the Loan Parties and the Administrative Agent, and shall make payment in respect thereof within 20 days after demand therefor, against any and all (A) Taxes (but, in the case of any Indemnified Taxes,
only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so) attributable to such Lender incurred by or asserted against the
Loan Parties or the Administrative Agent by any Governmental Authority in connection with any Loan Document and any and all related penalties, interest and expenses (including the fees, charges and disbursements of any counsel for the Loan Parties
or the Administrative Agent) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority, and (B) without duplication of clause (A), Taxes and any and
all related penalties, interest and expenses (including the fees, charges and disbursements of any counsel for the Loan Parties or the Administrative Agent) incurred by or asserted against the Loan Parties or the Administrative Agent by any
Governmental Authority as a result of the failure by such Lender to deliver, or as a result of the inaccuracy, inadequacy or deficiency of, any documentation required to be delivered by such Lender to the Borrower, Ultimate Parent or the
Administrative Agent pursuant to Section 3.01(e). In no event, however, shall any Lender indemnify the Loan Parties for any Taxes other than Excluded Taxes. Each Lender hereby authorizes the Administrative Agent (on its own behalf or on
behalf of such Lender) to set off and apply any and all amounts (including interest and fees) at any time owing to such Lender under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this
Section 3.01(c)(ii). The agreements in this Section 3.01(c)(ii) shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of
the Aggregate Commitments and the repayment, satisfaction or discharge of all other Obligations. 
 (d) Evidence of Payments. Upon
request by the Borrower, Ultimate Parent or the Administrative Agent, as the case may be, after any payment of Taxes by the Loan Parties or by the Administrative Agent to a Governmental Authority as provided in this Section 3.01, the
Borrower or Ultimate Parent shall deliver to the Administrative Agent or the Administrative Agent shall deliver to the Borrower or Ultimate Parent, as the case may be, the original or a certified copy of a receipt issued by

  
 41 

 
such Governmental Authority evidencing such payment, a copy of any return required by applicable Laws to report such payment or other evidence of such payment reasonably satisfactory to Ultimate
Parent or the Administrative Agent, as the case may be. 
 (e) Status of Lenders; Tax Documentation. (i) Each Lender and the
Administrative Agent shall deliver to the Borrower, Ultimate Parent and to the Administrative Agent (if applicable), if reasonably requested by the Borrower, Ultimate Parent or the Administrative Agent in writing, such properly completed and
executed documentation prescribed by applicable Laws or by the taxing authorities of any jurisdiction and such other reasonably requested information as will permit the Borrower, Ultimate Parent or the Administrative Agent, as the case may be, to
determine (A) whether or not payments made by the Loan Parties hereunder or under any other Loan Document are subject to Taxes, (B) if applicable, the required rate of withholding or deduction, and (C) the entitlement of such Lender
or the Administrative Agent to any available exemption from, or reduction of, applicable Taxes in respect of all payments to be made to such Person by the Loan Parties pursuant to this Agreement or otherwise to establish such Person’s status
for withholding tax purposes in the applicable jurisdictions. Notwithstanding anything to the contrary in this Section 3.01(e), the completion, execution and submission of the documentation referred to in this Section 3.01(e)
(other than such documentation set forth in Sections 3.01(e)(ii)(A), (ii)(B)(I), (ii)(B)(II), (ii)(B)(III), (ii)(B)(IV) and 3.01(g)) shall not be required if in such Lender’s reasonable judgment such
completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or materially prejudice the legal or commercial position of such Lender. 

(ii) Without limiting the generality of the foregoing, 

(A) any Lender that is a US Person shall, on or prior to the date it becomes a party to this Agreement (and from time to time
thereafter upon the expiration, obsolescence or invalidity of any form, documentation or information previously delivered pursuant to this clause (A)), deliver to the Borrower and the Administrative Agent two properly completed and executed
originals of Internal Revenue Service Form W-9 or such other documentation or information prescribed by applicable Laws or reasonably requested by the Borrower or the Administrative Agent as will establish its exemption from backup withholding; and

 (B) each Foreign Lender that is entitled under the Code or any applicable treaty to an exemption from or reduction of
withholding Tax with respect to payments hereunder or under any other Loan Document shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Foreign Lender becomes a Foreign Lender under this Agreement (and
from time to time thereafter upon the expiration, obsolescence or invalidity of any form, documentation or information previously delivered pursuant to this clause (B), or upon the request of the Borrower or the Administrative Agent, but only
if such Foreign Lender is legally entitled to do so), two of whichever of the following is applicable: 
 (I) properly
completed and executed originals of IRS Form W-8BEN or W-8BEN-E (or successor form) claiming eligibility for benefits of an income tax treaty to which the United States is a party, 

  
 42 

 (II) properly completed and executed originals of IRS Form W-8ECI or W-8EXP (or
successor form), 
 (III) to the extent a Foreign Lender is not the beneficial owner of such payments, properly completed
and executed originals of IRS Form W-8IMY (or successor form), accompanied by IRS Form W-8ECI, IRS Form W-8BEN or W-8BEN-E (or successor form), and all required supporting documentation, IRS Form W-9, and/or other certification documents from each
beneficial owner, as applicable; provided that if the Foreign Lender is a partnership for U.S. federal income tax purposes and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign
Lender may provide certification documents on behalf of each such direct and indirect partner, 
 (IV) in the case of a
Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit F-1, F-2, F-3 or F-4, as
applicable, and (y) properly completed and executed originals of IRS Form W-8BEN or W-8BEN-E (or successor form), or 

(V) properly completed and executed originals of any other form prescribed by applicable Laws as a basis for claiming
exemption from or a reduction in United States federal withholding tax together with such supplementary documentation as may be prescribed by applicable Laws to permit the Borrower or the Administrative Agent to determine the withholding or
deduction required to be made. 
 (iii) Each Lender and the Administrative Agent shall promptly (A) notify the Borrower,
Ultimate Parent and the Administrative Agent (if applicable) of any change in circumstances which would modify or render invalid any claimed exemption or reduction, and (B) take such steps as shall not be disadvantageous to it, in the
reasonable judgment of such Person, and as may be reasonably necessary (including, in the case of any Lender, the re-designation of its Lending Office) to avoid any requirement of applicable Laws of any jurisdiction that any Loan Party or the
Administrative Agent make any withholding or deduction for Taxes from amounts payable to such Person. 
 (iv) The Borrower
shall promptly deliver to the Administrative Agent or any Lender, as the Administrative Agent or such Lender shall reasonably request in writing, in a timely fashion after the Effective Date, such documents and forms required by any relevant taxing
authorities under the Laws of any jurisdiction, duly executed and completed by the Borrower, as are required to be furnished by such Lender or the Administrative Agent under such Laws in connection with any payment by the Administrative Agent or any
Lender of Taxes, or otherwise in connection with the Loan Documents, with respect to such jurisdiction. 
 (f) Treatment of Certain
Refunds. Unless required by applicable Laws, at no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or
deducted from funds paid 

  
 43 

 
for the account of such Lender. If the Administrative Agent or any Lender determines, in its sole discretion reasonably exercised in good faith, that it has received a refund (including, for this
purpose, a credit in lieu of a refund) of any Taxes or Other Taxes as to which it has been indemnified by the Loan Parties or Ultimate Parent or with respect to which a Loan Party or Ultimate Parent has paid additional amounts pursuant to this
Section 3.01, it shall pay to such Loan Party or Ultimate Parent, as the case may be, an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such Loan Party or Ultimate Parent
under this Section 3.01 with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses incurred by the Administrative Agent or such Lender, as the case may be, and without interest (other than any
interest paid by the relevant Governmental Authority with respect to such refund); provided that such Loan Party or Ultimate Parent, as the case may be, upon the request of the Administrative Agent or such Lender, agrees to repay the amount
paid over to such Loan Party or Ultimate Parent to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This Section 3.01(f) shall
not be construed to require the Administrative Agent or any Lender to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the Loan Parties, Ultimate Parent or any other Person. 

(g) Additional Withholding Documentation. If a payment made to a Lender under this Agreement may be subject to United States federal
withholding Tax under FATCA, such Lender shall deliver to the Borrower, Ultimate Parent and the Administrative Agent, at the time or times prescribed by applicable Law and at such time or times reasonably requested by the Borrower, Ultimate Parent
or the Administrative Agent, such documentation prescribed by applicable Law and such additional documentation reasonably requested by the Borrower, Ultimate Parent or the Administrative Agent to comply with its withholding obligations, to determine
that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 3.01(g), “FATCA” shall include any
amendments made to FATCA after the Effective Date. 
 (h) Defined Terms. For purposes of this Section 3.01, the term
“applicable Law” includes FATCA. 
 (i) VAT. 

(i) All amounts set out or expressed in any Loan Document to be payable by any party to the Administrative Agent or any Lender
that (in whole or in part) constitute the consideration for a supply for VAT purposes shall, except as otherwise agreed by the Administrative or such Lender, as applicable, be deemed to be exclusive of any VAT that is chargeable on such supply.
Subject to Section 3.01(i)(ii), if VAT is or becomes chargeable on any supply made by the Administrative Agent or any Lender to any party under any Loan Document, such party shall pay to the Administrative Agent or such Lender, as
applicable (in addition to and at the same time as paying any other consideration for such supply), an amount equal to the amount of such VAT (and the Administrative Agent or such Lender, as applicable, shall have delivered to such party an invoice
complying with the applicable legal requirements) unless such party is obligated by applicable Law to account directly to the applicable Governmental Authority for such VAT or the Administrative Agent or such Lender, as applicable, has reasonably
determined that it is entitled to a refund or credit in respect of the amount of such VAT. 

  
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 (ii) If VAT is or becomes chargeable on any supply made by the Administrative
Agent or any Lender (the “VAT Supplier”) to any other Lender (the “VAT Recipient”) under any Loan Document, and any party other than the VAT Recipient (the “VAT Relevant Party”) is required by the
terms of any Loan Document to pay an amount equal to the consideration for that supply to the VAT Supplier (rather than being required to reimburse or indemnify the VAT Recipient in respect of that consideration), then: (x) in the case where
the VAT Supplier is the Person required to account to the relevant tax authority for the VAT, the VAT Relevant Party shall also pay to the VAT Supplier (at the same time as paying that amount) an additional amount equal to the amount of the VAT and
the VAT Recipient shall (where the immediately foregoing clause (x) applies) promptly pay to the VAT Relevant Party an amount equal to any credit or repayment the VAT Recipient receives from the relevant Governmental Authority which the VAT
Recipient reasonably determines relates to the VAT chargeable on that supply; and (y) in the case where the VAT Recipient is the Person required to account to the relevant Governmental Authority for the VAT, the VAT Relevant Party shall
promptly, following demand from the VAT Recipient, pay to the VAT Recipient an amount equal to the VAT chargeable on that supply but only to the extent that the VAT Recipient reasonably determines that it is not entitled to credit or repayment from
the relevant Governmental Authority in respect of that VAT. 
 (iii) Where any Loan Document requires any party to reimburse
or indemnify the Administrative Agent or any Lender for any cost or expense, such party shall reimburse or indemnify (as the case may be) the Administrative Agent or such Lender, as applicable, for the full amount of such cost or expense, including
such part thereof as represents VAT, except to the extent that the Administrative Agent or Lender, as applicable, reasonably determines that it, or any company of its group, is entitled to credit or repayment in respect of such VAT from the relevant
tax authority. 
 (iv) Any reference in Sections 3.01(i)(i), 3.01(i)(ii) and 3.01(i)(iii) to any party
shall, at any time when such party is treated as a member of a group for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the representative member of such group at such time (the term
“representative member” to have the same meaning as in the Value Added Tax Act 1994) or otherwise to a Person treated as making or (as appropriate) receiving the supply under the grouping rules provided for in Article 11 of the council
directive 2006/112/EEC on the common system of value added tax. 
 (v) In relation to any supply made by the Administrative
Agent or any Lender to any party under any Loan Document, if reasonably requested by the Administrative Agent or such Lender, as applicable, such party must promptly provide the Administrative Agent or such Lender, as applicable, with details of
such party’s VAT registration and such other information as is reasonably requested in connection with the VAT reporting requirements of the Administrative Agent or such Lender, as applicable, in relation to such supply. 

SECTION 3.02 Illegality. If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted
that it is unlawful, for such Lender or its applicable Lending Office to make, maintain or fund Eurodollar Rate Loans in US Dollars or to determine or charge interest rates based upon the Eurodollar Rate, or any Governmental Authority has imposed
material 

  
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restrictions on the authority of such Lender to purchase or sell, or to take deposits of, US Dollars in the London interbank market, then, on notice thereof by such Lender to the Borrower and
Ultimate Parent through the Administrative Agent, (a) any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans will be suspended, and (b) if such notice asserts the
illegality of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by reference to the Eurodollar Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to
avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent, the Borrower and Ultimate Parent that the
circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (i) the Borrower will, upon demand from such Lender (with a copy to the Administrative Agent), prepay or convert to Base Rate Loans all such
Eurodollar Rate Loans of such Lender, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to
maintain such Eurodollar Rate Loans, and (ii) if such notice asserts the illegality of such Lender making or maintaining Base Rate Loans the interest on which is determined by reference to the Eurodollar Rate component of the Base Rate, the
Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such Lender without reference to the Eurodollar 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 Eurodollar Rate. Upon any such prepayment or conversion, the Borrower will also pay accrued interest on the amount so prepaid or converted. 

SECTION 3.03 Inability to Determine Rates. If prior to the commencement of any Interest Period for a Eurodollar Rate Borrowing of any
Class: 
 (a) the Administrative Agent determines in good faith (which determination shall be conclusive absent manifest
error) that adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period; or 

(b) the Administrative Agent is advised by the Required Three Year Lenders or the Required Five Year Lenders, as applicable,
that the Eurodollar Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Eurodollar Rate Borrowing for such Interest Period; 

then the Administrative Agent shall give notice (which may be telephonic) thereof to the Borrower, Ultimate Parent and the Lenders of such Class as promptly
as practicable and, until the Administrative Agent notifies the Borrower, Ultimate Parent and the Lenders of such Class that the circumstances giving rise to such notice no longer exist, (i) any Loan Notice that requests the conversion of any
Borrowing of such Class to, or continuation of any Borrowing of such Class as, a Eurodollar Rate Borrowing shall be ineffective, and such Borrowing shall be continued as a Base Rate Borrowing, and (ii) the Borrower can revoke any pending Loan
Notice for a Eurodollar Rate Borrowing upon receipt of such notice and otherwise any Loan Notice for a Eurodollar Rate Borrowing of such Class shall be treated as a request for a Base Rate Borrowing. 

  
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 SECTION 3.04 Increased Costs; Additional Reserve Requirements. 

(a) Increased Costs Generally. If any Change in Law will: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Eurodollar Rate or referred to in Section 3.04(e)); 

(ii) subject the Administrative Agent or any Lender to any Tax on its loans, loan principal, commitments or other obligations,
or its deposits, reserves, other liabilities or capital attributable thereto (except for Indemnified Taxes or Other Taxes covered by Section 3.01 and the imposition of, or any change in the rate of, any Excluded Tax payable by the
Administrative Agent or such Lender); or 
 (iii) impose on any Lender or the London interbank market any other condition,
cost or expense (other than Taxes) affecting this Agreement or Loans made by such Lender; 
 and the result of any of the foregoing will be to increase the
cost to the Administrative Agent or such Lender of making, converting to, continuing or maintaining any Loan (or of maintaining its obligation to make any such Loan), or to reduce the amount of any sum received or receivable by the Administrative
Agent or such Lender hereunder (whether of principal, interest or any other amount) then, upon request of the Administrative Agent or such Lender, as the case may be, the Borrower will pay to the Administrative Agent or such Lender, as the case may
be, such additional amount or amounts as will compensate the Administrative Agent or such Lender, as the case may be, for such additional costs incurred or reduction suffered. 

(b) Capital or Liquidity Requirements. If any Lender determines that any Change in Law affecting such Lender or any Lending Office of
such Lender or such Lender’s holding company, if any, regarding capital or liquidity requirements has had or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding
company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by such Lender to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking
into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy or liquidity), then from time to time upon request of such Lender, the Borrower will pay to such Lender such
additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 
 (c)
Certificates for Reimbursement. A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as the case may be, as specified in Section 3.04(a) or
3.04(b) and delivered to the Borrower and Ultimate Parent will be conclusive absent manifest error. The Borrower will pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

(d) Delay in Requests. Failure or delay on the part of any Lender to demand compensation pursuant to the foregoing provisions of this
Section 3.04 will not constitute a waiver of such Lender’s right to demand such compensation; provided that the Borrower will not be required to compensate a Lender pursuant to the foregoing provisions of this
Section 3.04 for any increased costs incurred or reductions suffered more than three (3) months prior to the date that such Lender notifies the 

  
 47 

 
Borrower and Ultimate Parent of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor (except that, if the Change
in Law giving rise to such increased costs or reductions is retroactive, then the three-month period referred to above will be extended to include the period of retroactive effect thereof). 

(e) Additional Reserve Requirements. Without duplication of any reserve requirement reflected in the Eurodollar Rate, the Borrower
shall pay to each Lender, as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the
Commitments or the funding of the Eurodollar Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan
by such Lender (as determined by such Lender in good faith, which determination shall be conclusive absent manifest error), which in each case shall be due and payable on each date on which interest is payable on such Loan; provided, that the
Borrower and Ultimate Parent shall have received at least ten (10) days’ prior notice (with a copy to the Administrative Agent) of such additional interest or costs from such Lender with a reasonably detailed explanation of the regulatory
requirements imposing such costs and a calculation of the allocation of such costs to the relevant Loan or Commitment. If a Lender fails to give notice ten (10) days prior to the relevant Interest Payment Date, such additional interest or costs
shall be due and payable ten (10) days from receipt of a proper notice. Notwithstanding the foregoing, if any reserves described in this Section 3.04(e) are based upon the financial strength or creditworthiness of a Lender, for
the purposes of calculating the actual costs of a Lender with respect to such reserves, each such Lender shall be deemed to be in the highest applicable category of financial strength or creditworthiness. 

(f) Certain Agreements. With respect to amounts due under this Section 3.04 as a result of any Change in Law, the claim for
additional amounts shall be generally consistent with such Lender’s treatment of customers of such Lender that such Lender considers, in its reasonable discretion, to be similarly situated to the Borrower and having generally similar provisions
in their credit agreements with such Lender. 
 SECTION 3.05 Compensation for Losses. Upon demand of any Lender (with a copy to the
Administrative Agent) from time to time, the Borrower will promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 

(a) any continuation, conversion, payment or prepayment of any Eurodollar Rate Loan on a day other than the last day of the Interest Period
for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 
 (b) any failure by the Borrower (for a
reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Eurodollar Rate Loan on the date or in the amount notified by the Borrower (whether or not any such notice may be revoked in accordance
herewith); or 
 (c) any assignment of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result
of a request by the Borrower or Ultimate Parent pursuant to Section 11.13. 
 For purposes of calculating amounts payable by the
Borrower to the Lenders under this Section 3.05, each Lender will be deemed to have funded each Eurodollar Rate Loan made by it at the 

  
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Eurodollar Rate for such Loan by a matching deposit or other borrowing in the London interbank market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan
was in fact so funded. 
 SECTION 3.06 Mitigation Obligations. If any Lender requests compensation under Section 3.04, or
the Loan Parties are required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01 (other than additional amounts arising from VAT), or if any Lender gives a
notice pursuant to Section 3.02, then such Lender will use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices,
branches or Affiliates, if, in the judgment of such Lender, such designation or assignment (a) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the
need for the notice pursuant to Section 3.02, as applicable, and (b) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Loan Parties hereby
agree to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 
 SECTION 3.07
Survival. All of the Loan Parties’ and Ultimate Parent’s obligations under this Article III will survive termination of the Aggregate Commitments and repayment of all other Obligations hereunder. 

ARTICLE IV 
 CONDITIONS
PRECEDENT 
 SECTION 4.01 Conditions to Effectiveness. This Agreement and the Commitments of the Lenders hereunder shall not
become effective until the date on which each of the following conditions shall be satisfied (or waived in accordance with Section 11.01): 

(a) The Administrative Agent’s receipt from each party hereto of either (i) a counterpart of this Agreement signed on behalf of such
party or (ii) evidence satisfactory to the Administrative Agent, which may include a facsimile or other electronic transmission (including “pdf” and “tif”), that such party has signed a counterpart of this Agreement. 

(b) The Administrative Agent’s receipt of the following, each of which may be delivered by facsimile or other electronic transmission
(including “pdf” and “tif”), followed promptly after the Effective Date by originals, provided that the delivery of any originals shall not be a condition precedent to the Effective Date: 

(i) a certificate, dated the Effective Date and signed by a Responsible Officer of each of Ultimate Parent, Intermediate
Parent, the Borrower, Actavis and Actavis SCS, (A) certifying and attaching the resolutions adopted by such Person authorizing the execution, delivery and performance of this Agreement and, if applicable, the Notes, (B) certifying as to
the incumbency and specimen signature of each Responsible Officer executing this Agreement and the Notes, if applicable, on behalf of such Person, (C) attaching a good standing certificate (or the local equivalent, to the extent applicable in
the relevant jurisdiction) and a certificate of incorporation (or the local equivalent) evidencing that such Person is validly existing and in good standing (or the local equivalent, to the extent applicable in the relevant jurisdiction) in its
jurisdiction 

  
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of organization and (D) certifying and attaching a true and complete copy of the Organization Documents of such Person; and 

(ii) an executed legal opinion of (A) Cleary Gottlieb Steen & Hamilton LLP, special New York counsel for Ultimate
Parent and the Loan Parties, (B) Arthur Cox, special Irish counsel for Ultimate Parent, (C) Conyers Dill & Pearman, special Bermuda counsel for Intermediate Parent, (D) Loyens & Loeff Luxembourg S.à r.l.,
special Luxembourg counsel for the Borrower and Actavis SCS, and (E) Greenberg Traurig LLP, special Nevada counsel for Actavis, in each case addressed to the Administrative Agent and each Lender, dated the Effective Date and in form and
substance reasonably satisfactory to the Administrative Agent. 
 (c) All fees due to the Administrative Agent and the Arrangers pursuant to
the Fee Letters and, to the extent invoiced at least two (2) Business Days prior to the Effective Date, all reasonable and documented expenses to be paid or reimbursed to the Administrative Agent and the Arrangers on or prior to the Effective
Date pursuant to the Commitment Letter, shall have been paid. 
 (d) To the extent requested at least ten (10) Business Days prior to
the Effective Date by any Lender through the Administrative Agent, Ultimate Parent and the Loan Parties shall have delivered to the Administrative Agent and the Lenders at least one (1) Business Day prior to the Effective Date the documentation
and other information with respect to Ultimate Parent and the Loan Parties that is required by regulatory authorities under applicable “know-your-customer” rules and regulations, including the Patriot Act. 

SECTION 4.02 Conditions to Borrowing. The obligation of each Lender to make its Loans hereunder is subject solely to the receipt by the
Administrative Agent of a Loan Notice therefor in accordance with Section 2.02 and to the satisfaction (or waiver in accordance with Section 11.01) of the following conditions precedent (or simultaneous, to the extent
specified herein) on or after the Effective Date: 
 (a) The Administrative Agent’s receipt of the following, each of which may be
delivered by facsimile or other electronic transmission (including “pdf” and “tif”), followed promptly after the Closing Date by originals, provided that the delivery of any originals shall not be a condition precedent to
the Closing Date: 
 (i) a certificate, dated the Closing Date and signed by a Responsible Officer of Ultimate Parent,
certifying that the conditions specified in Sections 4.02(b), 4.02(c), 4.02(d) and 4.02(e) have been satisfied on and as of the Closing Date, in the form attached as Exhibit G hereto; and 

(ii) a certificate, dated the Closing Date and signed by the chief executive officer, chief financial officer or treasurer of
Ultimate Parent, as to the financial condition and Solvency of Ultimate Parent and its Subsidiaries (on a consolidated basis, after giving effect to the Transactions), in the form attached as Exhibit H hereto. 

(b) Since November 16, 2014, no “Company Material Adverse Effect” (as defined in the Allergan Merger Agreement) shall have
occurred and be continuing. 
 (c) The Allergan Acquisition shall have been, or substantially simultaneously with the making of the Loans
shall be, consummated in accordance with the terms of the Allergan Merger 

  
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Agreement without giving effect to any amendments, modifications, supplements, waivers or consents thereto after November 16, 2014, by Ultimate Parent or any of its Affiliates that are
materially adverse to the interests of the Lenders and not approved by the Arrangers (which approval shall not be unreasonably withheld, conditioned or delayed). It is understood and agreed that (i) no increase in consideration shall be deemed
to be materially adverse to the interests of the Lenders so long as such increase is solely in the form of additional Equity Interests in Ultimate Parent and (ii) any amendment to the definition of “Company Material Adverse Effect”
(including by means of any such amendment to the definition of “Effects”) in the Allergan Merger Agreement shall be deemed materially adverse to the interests of the Lenders. 

(d) Such representations and warranties made by or with respect to the Allergan Acquired Business and its Subsidiaries in the Allergan Merger
Agreement as are material to the interests of the Lenders shall be true and correct, but only to the extent that Ultimate Parent or any of its Affiliates has the right to terminate Ultimate Parent’s or such Affiliate’s obligations under
the Allergan Merger Agreement, or to decline to consummate the Allergan Acquisition pursuant to the Allergan Merger Agreement, as a result of a breach of such representations and warranties in the Allergan Merger Agreement. The Specified
Representations shall be true and correct in all material respects. 
 (e) The Refinancing shall have occurred, or shall occur substantially
simultaneously with the making of the Loans. After giving effect to the Transactions, Ultimate Parent and its Subsidiaries (including the Allergan Acquired Business and its Subsidiaries) shall not have any Indebtedness for borrowed money, other than
(i) the Loans, (ii) the Allergan Bridge Facility, the Allergan Cash Bridge Facility and/or debt securities (including securities exchangeable for shares of capital stock of (or other ownership or profits interests, or warrants, rights or
options for the purchase of ordinary shares)) issued and other credit facilities entered into, in each case, to finance the Allergan Acquisition and the related transactions, (iii) Indebtedness under the Actavis Revolving Credit Agreement, the
Existing Actavis Term Loan Credit Agreement and the WC Term Loan Credit Agreement permitted hereunder, (iv) any notes of Ultimate Parent and its Subsidiaries issued and outstanding on the Effective Date, (v) Indebtedness of the Acquired
Business and its Subsidiaries permitted to remain outstanding on the Closing Date under the Merger Agreement (as in effect on November 16, 2014), (vi) Indebtedness permitted under Section 7.02(b), 7.02(e) or, other than
with respect to Indebtedness of the Allergan Acquired Business and its Subsidiaries, 7.02(f), (vii) Indebtedness owed by Ultimate Parent or any of its Subsidiaries to Ultimate Parent or any of its Subsidiaries, (viii) any working
capital financings and project financings in the ordinary course of business of Ultimate Parent and its Subsidiaries, (ix) any commercial paper financings and other short-term Indebtedness incurred in the ordinary course of business of Ultimate
Parent and its Subsidiaries and (x) other Indebtedness in an aggregate principal amount not to exceed $300,000,000. 
 (f) All fees due
to the Administrative Agent, the Arrangers and the Lenders pursuant to the Commitment Letter, the Fee Letters or this Agreement and, to the extent invoiced at least two (2) Business Days prior to the Closing Date, all reasonable and documented
expenses to be paid or reimbursed to the Administrative Agent and the Arrangers on or prior to the Closing Date pursuant to the Commitment Letter or this Agreement, shall have been paid. 

Without limiting the generality of the provisions of Section 10.04, for purposes of determining compliance with the conditions
specified in Section 4.01 or 4.02, each Lender will be deemed to have consented to approved or accepted, or to be satisfied with, each document or other matter referred to in such Section unless the Administrative Agent will have
received notice from such Lender prior to the proposed Effective Date or the proposed Closing Date, as applicable, specifying its objection 

  
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thereto. The Administrative Agent shall promptly notify in writing Ultimate Parent, the Borrower and the Lenders of the occurrence of the Effective Date and the Closing Date, and such notice
shall be conclusive and binding. 
 For the avoidance of doubt, (a) the conditions precedent (or simultaneous, to the extent specified
herein) in Section 4.02 shall not be conditions to the delivery of any Lender’s Pre-Advanced Funds in respect of any Class of Loans on the Pre-Funding Date, but shall be conditions to the Administrative Agent making the Pre-Advanced
Funds available to the Borrower and (b) if the conditions set forth in Section 4.02 are satisfied, the absence of any Default shall not be a condition precedent to any Borrowing on the Closing Date. 

ARTICLE V 
 REPRESENTATIONS AND
WARRANTIES 
 Each of Ultimate Parent, Intermediate Parent, the Borrower and the other Loan Parties represents and warrants to the
Administrative Agent and the Lenders that on the Closing Date: 
 SECTION 5.01 Existence, Qualification and Power. Ultimate Parent,
Intermediate Parent, the Borrower and each Material Subsidiary (a) is duly organized or formed, validly existing and in good standing (or the local equivalent) under the Laws of the jurisdiction of its incorporation or organization,
(b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations
under the Loan Documents to which it is a party, and (c) is duly qualified and is licensed and in good standing (or the local equivalent) under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct
of its business requires such qualification or license, except, in the case referred to in clause (a) with respect to any Material Subsidiary that is not a Loan Party only and in each case referred to in clause (b)(i) or
(c), to the extent that failure to do so, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

SECTION 5.02 Authorization; No Contravention. The execution, delivery and performance by each of Ultimate Parent and the Loan Parties
of each Loan Document to which such Person is party (a) have been duly authorized by all necessary corporate or other organizational action, and (b) do not and will not (i) contravene the terms of any such Person’s Organization
Documents, (ii) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (A) any Contractual Obligation to which such Person is a party or affecting such Person
or the properties of such Person or any of its Material Subsidiaries or (B) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject, or (iii) violate any
Law, except, in each case referred to in clause (b)(ii) or (b)(iii), to the extent that failure to do so, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

SECTION 5.03 Material Governmental Authorization. Other than any filings with the SEC and any approvals, consents, exemptions,
authorizations, actions, notices and filings which have been duly obtained, taken, given or made and are in full force and effect, no approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental
Authority is necessary or required in connection with the execution, delivery or performance by, or enforcement against, Ultimate Parent or any Loan Party of this Agreement or any other Loan Document to which it is a

  
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party, except those approvals, consents, exemptions, authorizations, actions, notices and filings the failure of which to obtain, take, give or make, individually or in the aggregate, would not
reasonably be expected to have a Material Adverse Effect. 
 SECTION 5.04 Binding Effect. This Agreement has been, and each other
Loan Document, when delivered hereunder, will have been, duly executed and delivered by Ultimate Parent, if it is a party thereto, and each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document when so
delivered will constitute, a legal, valid and binding obligation of Ultimate Parent, if it is a party thereto, and each Loan Party that is a party thereto, in each case enforceable against such Person in accordance with its terms, subject to
applicable Debtor Relief Laws and the effect of general principles of equity, whether applied by a court of law or equity. 
 SECTION 5.05
Financial Statements; Material Adverse Effect. (a) The Audited Financial Statements, and the unaudited consolidated balance sheets of Ultimate Parent and its Subsidiaries, and the related unaudited consolidated statements of operations
and comprehensive income of Ultimate Parent and its Subsidiaries, as of and for the fiscal quarters and portions of the fiscal year ended March 31, 2014, June 30, 2014, September 30, 2014 (and, if the unaudited consolidated
balance sheet of Ultimate Parent and its Subsidiaries as of any subsequent fiscal quarter shall have been filed with the SEC as part of the Actavis SEC Documents, as of the last day of and for each such subsequent fiscal quarter), and the related
unaudited consolidated statements of cash flows of Ultimate Parent and its Subsidiaries for such portions of such fiscal year, have been prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise
expressly noted therein, and fairly present, in all material respects, the consolidated financial condition of Ultimate Parent and its Subsidiaries at such dates and the consolidated results of their operations and cash flows for such periods
(subject in the case of such unaudited financial statements, to the absence of footnotes and to year-end audit adjustments). 
 (b) As of
the Closing Date, since December 31, 2013, except for events and circumstances disclosed in any SEC Documents, in each case filed or furnished and publicly available after January 1, 2014 and before the Effective Date (but excluding any
disclosure in the “Risk Factors” or “Forward-Looking Statements” sections of any SEC Document and similar statements included in any SEC Document that are solely forward looking in nature) there has been no event or circumstance
that, individually or in the aggregate, has had or would reasonably be expected to have a Material Adverse Effect. 
 SECTION 5.06
Litigation. There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of Ultimate Parent, threatened in writing, at law, in equity, in arbitration or before any Governmental Authority, by or against Ultimate
Parent or any of its Subsidiaries or against any of their respective properties that (a) purport to affect or pertain to this Agreement or any other Loan Document, or any of the transactions contemplated hereby, or (b) except as
specifically disclosed in any SEC Documents filed or furnished and publicly available on or before the Effective Date (but excluding any disclosure in the “Risk Factors” or “Forward-Looking Statements” sections of any SEC
Document and similar statements included in any SEC Document that are solely forward looking in nature) or on Schedule 5.06, individually or in the aggregate, if determined adversely, would reasonably be expected to have a Material
Adverse Effect. 
 SECTION 5.07 No Default. Neither Ultimate Parent nor any Subsidiary is in default under or with respect to any
Contractual Obligation that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

  
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 SECTION 5.08 Ownership of Property. Each of Ultimate Parent and each Subsidiary has good
record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as would not, individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect. 
 SECTION 5.09 Environmental Matters. Ultimate Parent and its Subsidiaries conduct in
the ordinary course of business a review of the effect of existing Environmental Laws and claims alleging potential liability or responsibility for violation of any Environmental Law on their respective businesses, operations and properties, and as
a result thereof Ultimate Parent has reasonably concluded that such Environmental Laws and claims would not, except as specifically disclosed in any SEC Documents (but excluding any disclosure in the “Risk Factors” or “Forward-Looking
Statements” sections of any SEC Document and similar statements included in any SEC Document that are solely forward looking in nature) filed or furnished and publicly available on or before the Effective Date, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect. 
 SECTION 5.10 Solvency. Ultimate Parent and its Subsidiaries, on a
consolidated basis, are Solvent on the Closing Date after giving effect to the Transactions. 
 SECTION 5.11 Insurance. Ultimate
Parent, Intermediate Parent, the Borrower and the Material Subsidiaries are insured with financially sound and reputable insurance companies, in such amounts (after giving effect to any self-insurance), with such deductibles and covering such risks
as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where Ultimate Parent, Intermediate Parent, the Borrower or the applicable Material Subsidiary operates. 

SECTION 5.12 Taxes. Ultimate Parent, Intermediate Parent, the Borrower and the Material Subsidiaries have filed or caused to be filed
all material federal, state and other Tax returns and reports required to be filed by them, and have paid all material federal, state and other Taxes levied or imposed upon them or their properties, income or assets otherwise due and payable, except
(a) those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP or (b) to the extent that the failure to do so, individually or in
the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 
 SECTION 5.13 ERISA. (a) Except as
could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (i) each Plan is in compliance in all respects with the applicable provisions of ERISA, the Code and other Federal or state Laws and
(ii) each Pension Plan that is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination letter from the Internal Revenue Service to the effect that the form of such Plan is qualified under
Section 401(a) of the Code and the trust related thereto has been determined by the Internal Revenue Service to be exempt from federal income tax under Section 501(a) of the Code, or an application for such a letter is currently being
processed by the Internal Revenue Service. To the best knowledge of Ultimate Parent, as of the Closing Date, nothing has occurred that would prevent or cause the loss of such tax-qualified status. 

(b) There are no pending or, to the best knowledge of Ultimate Parent, threatened claims, actions or lawsuits, or action by any Governmental
Authority with respect to any Plan that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to
any 

  
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Plan that, individually or in the aggregate, has resulted or could reasonably be expected to result in a Material Adverse Effect. 

(c) (i) 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; and (ii) except as could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect,
(A) neither Ultimate Parent nor any ERISA Affiliate has incurred any material liability to the PBGC other than for the payment of premiums, and there are no premium payments which have become due that are unpaid; (B) neither Ultimate
Parent nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or Section 4212(c) of ERISA; (C) no Pension Plan or Multiemployer Plan has been terminated by the plan administrator thereof nor by the
PBGC, and no event or circumstance has occurred or exists that could reasonably be expected to cause the PBGC to institute proceedings under Title IV of ERISA to terminate any Pension Plan or Multiemployer Plan; and (D) Ultimate Parent and each
ERISA Affiliate has met all applicable requirements under the Pension Funding Rules in respect of each Pension Plan, and no waiver of the minimum funding standards under the Pension Funding Rules has been applied for or obtained. 

SECTION 5.14 OFAC. (a) None of Ultimate Parent, Intermediate Parent, the Borrower or any Guarantor (or any officer or director of
Ultimate Parent, Intermediate Parent, the Borrower or any Guarantor), or any other Subsidiary, is a Sanctioned Person. 
 (b) No Loan, nor
the proceeds from any Loan, will be lent, contributed, provided or otherwise made available for the purpose of funding any activity or business in any Sanctioned Country or for the purpose of funding any activity or business of or with any
Sanctioned Person, or in any other manner, in each case as will result in any violation by any Lender, any Arranger or the Administrative Agent of any Sanctions. 

SECTION 5.15 Subsidiaries; Equity Interests. As of the Effective Date, Ultimate Parent has no Subsidiaries other than those
specifically disclosed on Schedule 5.15, and all of the outstanding Equity Interests in the Material Subsidiaries have been validly issued, are fully paid and nonassessable and are owned by Ultimate Parent or its Subsidiaries in the
amounts specified on Schedule 5.15. 
 SECTION 5.16 Margin Regulations; Investment Company Act. (a) None of Ultimate
Parent, Intermediate Parent, the Borrower or any other Loan Party is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the
Board of Governors of the Federal Reserve System of the United States), or extending credit for the purpose of purchasing or carrying margin stock. 

(b) Neither Ultimate Parent nor any Loan Party is required to be registered as an “investment company” under the Investment Company
Act of 1940. 
 SECTION 5.17 Disclosure. All written information (other than projected financial information and information of a
general economic or general industry nature) that has been made available to the Arrangers or any of the Lenders by or on behalf of Ultimate Parent, Intermediate Parent, the Borrower, any other Loan Party or any of their representatives, taken as a
whole, in connection with any aspect of this Agreement, the Allergan Acquisition, the Transactions and the related transactions is, when taken as a whole, complete and correct in all material respects and does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements contained 

  
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therein not misleading (in each case after giving effect to all supplements and updates provided thereto on or prior to the Effective Date); provided that, with respect to projected
financial information, Ultimate Parent, Intermediate Parent, the Borrower and the other Loan Parties represent only that such information was prepared in good faith based upon reasonable assumptions that are believed by the preparer thereof to be
reasonable at the time made and at the time such projected financial information is delivered to the Arrangers or any of the Lenders; it being understood and agreed that such projected financial information is not to be viewed as facts and that
actual results during the period or periods covered by any such projected financial information may differ significantly from the projected results, and no assurance can be given that the projected results will be realized. Solely as they relate to
matters with respect to the Allergan Acquired Business and its Subsidiaries, the foregoing representations and warranties are made to the best of Ultimate Parent’s knowledge. 

SECTION 5.18 Compliance with Laws. Each of Ultimate Parent, Intermediate Parent, the Borrower and each Material Subsidiary is in
compliance with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being
contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

SECTION 5.19 Intellectual Property; Licenses, Etc. Ultimate Parent and its Subsidiaries own, or possess the right to use, without
conflict with the rights of any other Person, all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights (collectively, “IP Rights”) with
respect to which the failure to possess or have the right to use or the presence of a conflict with the rights of any other Person (other than with respect to any litigation arising under Section 505(j)(3)(A)(vii)(iv) of the Federal Food, Drug
and Cosmetic Act of 1938) would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. To the best knowledge of Ultimate Parent, no slogan or other advertising device, product, process, method, substance,
part or other material now employed, or now contemplated to be employed, by Ultimate Parent or any Subsidiary infringes upon any rights held by any other Person, except where such infringement would not, individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect. No claim or litigation regarding any of the foregoing is pending or, to the best knowledge of Ultimate Parent, threatened, which, individually or in the aggregate, would reasonably be expected to have a
Material Adverse Effect. 
 SECTION 5.20 Existing Third Party Indebtedness. Schedule 5.20 hereto sets forth, as of the
Effective Date, all outstanding third party Indebtedness for borrowed money (including obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments) of Ultimate Parent or any of its Subsidiaries that is in an
aggregate principal amount in excess of $200,000,000, and indicates the primary obligors and guarantors in respect thereof. 
 SECTION 5.21
Choice of Law Provisions. The choice of law provisions set forth in Section 11.14 are legal, valid and binding under the Laws of Ireland, Bermuda, Luxembourg and each other jurisdiction in which any Loan Party that is a Foreign
Subsidiary is organized, and Ultimate Parent knows of no reason why the courts of Ireland, Bermuda, Luxembourg or any such other jurisdiction will not give effect to the choice of law of the State of New York as the proper law, other than through
the exercise by any such court of discretionary powers under general principles of equity or public policy limitations in each case not specifically relating to such provisions. Ultimate Parent has the legal capacity to sue and be sued in its own
name under the Laws of Ireland, Intermediate Parent has the legal capacity to sue and be sued in its own name under the Laws of Bermuda, each of the Borrower and Actavis SCS 

  
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has the legal capacity to sue and be sued in its own name under the Laws of Luxembourg and each other Loan Party that is a Foreign Subsidiary has the legal capacity to sue and be sued in its own
name under the Laws of its jurisdiction of formation, incorporation or organization, as applicable. Each of Ultimate Parent and each Loan Party that is a Foreign Subsidiary has the power to submit, and has irrevocably submitted, to the exclusive
jurisdiction of the courts of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, and such irrevocable submission and the waiver by
Ultimate Parent and each Loan Party that is a Foreign Subsidiary of any immunity and any objection to the venue of the proceedings in such Federal or state court are legal, valid and binding obligations of Ultimate Parent or such Loan Party, as
applicable, and Ultimate Parent knows of no reason why the courts of Ireland, Bermuda, Luxembourg or any other jurisdiction where any Loan Party that is a Foreign Subsidiary is organized would not give effect to such submission and waivers, other
than through the exercise by any such court of discretionary powers under general principles of equity or based on public policy limitations in each case not specifically relating to such submission and waivers. Each of Ultimate Parent and each Loan
Party that is a Foreign Subsidiary has validly and irrevocably appointed Actavis as its authorized agent for the purpose described in Section 11.14. Service of process in the manner set forth in Section 11.14 will be
effective to confer valid personal jurisdiction over Ultimate Parent and each Loan Party that is a Foreign Subsidiary, and Ultimate Parent knows of no reason why the courts in Ireland, Bermuda, Luxembourg or any other jurisdiction where any Loan
Party that is a Foreign Subsidiary is organized will not recognize as valid and final, or will not enforce, any final and conclusive judgment against Ultimate Parent or any Loan Party that is a Foreign Subsidiary obtained in any such Federal or
state court arising out of or in relation to the obligations of Ultimate Parent or such Loan Party under the Loan Documents, other than through the exercise by any such court of discretionary powers under general principles of equity or public
policy limitations in each case not specifically relating to jurisdictional matters (including consent to service of process provisions). 

SECTION 5.22 No Immunity. Each of Ultimate Parent and each Loan Party that is a Foreign Subsidiary is subject to civil and commercial
Laws with respect to its obligations under this Agreement and the other Loan Documents to which it is a party, and the execution, delivery and performance by Ultimate Parent and such Loan Party of this Agreement and any other Loan Documents to which
it is a party constitute and will constitute private and commercial acts and not public or governmental acts. None of Ultimate Parent, any Loan Party that is a Foreign Subsidiary or any of their properties has any immunity from jurisdiction of any
court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the Laws of the jurisdiction in which such Person is organized and existing in respect of
its obligations under this Agreement and any other Loan Documents to which it is a party. 
 SECTION 5.23 Proper Form; No
Recordation. With respect to Ultimate Parent and each Loan Party that is a Foreign Subsidiary, this Agreement and each other Loan Document to which it is a party are in proper legal form under the Laws of the jurisdiction in which such Person is
organized and existing for the enforcement thereof against such Person under the Laws of such jurisdiction and to ensure the legality, validity, enforceability, priority or admissibility in evidence of this Agreement and such other Loan Documents.
It is not necessary, in order to ensure the legality, validity, enforceability, priority or admissibility in evidence of this Agreement or any other Loan Document to which Ultimate Parent or any Loan Party that is a Foreign Subsidiary is party, that
this Agreement or such other Loan Document be filed, registered or recorded with, or executed or notarized before, any court or other Governmental Authority in the jurisdiction in which Ultimate Parent or such Loan Party, as applicable, is organized
and existing or that any registration charge or stamp or similar Tax be paid on or in respect of this Agreement or any such other Loan Document, except for (a) any such filing, registration, recording, execution or

  
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notarization as has been made or is not required to be made until the applicable Loan Document is sought to be enforced and (b) any charge or Tax as has been timely paid by Ultimate Parent
or such Loan Party. 
 ARTICLE VI 

AFFIRMATIVE COVENANTS 

From and after the Closing Date (except that Section 6.05(a) shall apply from and after the Effective Date with respect to
Ultimate Parent, Intermediate Parent, the Borrower and the other Loan Parties), until the Commitments shall have expired or been terminated and all Loans and other Obligations (other than contingent obligations as to which no claim has been made)
have been paid in full, each of Ultimate Parent, Intermediate Parent, the Borrower and the other Loan Parties covenants and agrees with the Lenders that: 

SECTION 6.01 Financial Statements. Ultimate Parent will deliver to the Administrative Agent (which will make available copies to each
Lender): 
 (a) as soon as available, but in any event within 90 days after the end of each Fiscal Year of Ultimate Parent (commencing with
the first Fiscal Year ending after the Closing Date), a consolidated balance sheet of Ultimate Parent and its Subsidiaries as of the end of such Fiscal Year, and the related consolidated statements of operations, comprehensive income and cash flows
for such Fiscal Year, setting forth in each case in comparative form the figures for the previous Fiscal Year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of PricewaterhouseCoopers
LLP or another independent public registered accounting firm of recognized national standing, which report and opinion will be prepared in accordance with audit standards of the Public Company Accounting Oversight Board and will not be subject to
any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit or with respect to the absence of material misstatement in accordance with GAAP; and 

(b) as soon as available, but in any event within 45 days after the end of each of the first three fiscal quarters of each Fiscal Year of
Ultimate Parent (commencing with the first such fiscal quarter ending after the Closing Date), a consolidated balance sheet of Ultimate Parent and its Subsidiaries as of the end of such fiscal quarter, and the related consolidated statements of
operations, comprehensive income and cash flows for such fiscal quarter and for the portion of the Fiscal Year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous Fiscal Year
and the corresponding portion of the previous Fiscal Year, all in reasonable detail and prepared in accordance with GAAP, certified by the chief financial officer or the vice president and controller of Ultimate Parent as fairly presenting, in all
material respects, the consolidated financial condition of Ultimate Parent and its Subsidiaries as of the end of such fiscal quarter and the consolidated results of their operations and cash flows for such periods, subject only to normal year-end
audit adjustments and the absence of footnotes. 
 As to any information contained in materials furnished pursuant to
Section 6.02(b), Ultimate Parent will not be separately required to furnish such information under clause (a) or (b) above, but the foregoing will not be in derogation of the obligation of Ultimate Parent to
furnish the information and materials described in clauses (a) and (b) above at the times specified therein. 

  
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 SECTION 6.02 Certificates; Other Information. Ultimate Parent will deliver to the
Administrative Agent (which will distribute copies to the Lenders): 
 (a) concurrently with the delivery of the financial statements
referred to in Sections 6.01(a) and 6.01(b), a duly completed Compliance Certificate signed by a Responsible Officer of Ultimate Parent (which delivery may, unless the Administrative Agent requests executed originals, be by
electronic communication, including fax or e-mail, and shall be deemed to be an original authentic counterpart thereof for all purposes); 

(b) promptly, after the same are available, copies of each proxy statement sent to the shareholders of Ultimate Parent and copies of all
annual, regular, periodic and special reports and registration statements which Ultimate Parent files with the SEC under Section 13 or 15(d) of the Securities Exchange Act, and not otherwise required to be delivered to the Administrative Agent
pursuant hereto; and 
 (c) promptly following request, such additional information regarding the business, financial or corporate affairs
of Ultimate Parent or any Subsidiary, or compliance with the terms of the Loan Documents by Ultimate Parent or any Loan Party, as the Administrative Agent or any Lender through the Administrative Agent may from time to time reasonably request. 

Documents required to be delivered pursuant to Section 6.01(a), 6.01(b) or 6.02(b) (to the extent any such documents
are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, will be deemed to have been delivered on the date on which (i) Ultimate Parent posts such documents, or provides a link thereto on
Ultimate Parent’s website on the Internet at the website address listed on Schedule 11.02 or (ii) such documents are posted on Ultimate Parent’s behalf on the Platform. The Administrative Agent shall have no obligation to
request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by Ultimate Parent with any such request for delivery, and each Lender shall be solely responsible for
requesting delivery to it or maintaining its copies of such documents. 
 Ultimate Parent hereby acknowledges that (a) the
Administrative Agent and/or the Arrangers will make available to the Lenders materials and/or information provided by or on behalf of Ultimate Parent and the Loan Parties hereunder (collectively, “Company Materials”) by posting the
Company Materials on Debt Domain, Intralinks, Syndtrak, ClearPar or another similar electronic transmission system (whether a commercial, third-party website and whether sponsored by the Administrative Agent) (the “Platform”) and
(b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive MNPI. Ultimate Parent and each Loan Party hereby agree that (i) all Company Materials that are to be made available to
Public Lenders will be clearly and conspicuously marked by Ultimate Parent and the Loan Parties “PUBLIC”, which, at a minimum, will mean that the word “PUBLIC” will appear prominently on the first page thereof; (ii) by
marking Company Materials “PUBLIC”, Ultimate Parent and the Loan Parties will be deemed to have authorized the Administrative Agent, the Arrangers and the Lenders to treat such Company Materials as not containing any MNPI (provided,
however, that to the extent such Company Materials constitute Information, they will be treated as set forth in Section 11.07); (iii) all Company Materials marked “PUBLIC” are permitted to be made available through
a portion of the Platform designated “Public Side Information”; and (iv) the Administrative Agent and the Arrangers will be entitled to treat any Company Materials that are not marked “PUBLIC” as being suitable only for
posting outside the portion the Platform designated “Public Side Information”. 

  
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 SECTION 6.03 Notices. Ultimate Parent and the Borrower will promptly notify the
Administrative Agent (and each Lender through the Administrative Agent) of the following, upon any such event becoming known to any Responsible Officer of Ultimate Parent or the Borrower: 

(a) the occurrence of any Default; 

(b) any matter that has resulted or would reasonably be expected to result in a Material Adverse Effect, including any such matter resulting
from (i) breach or non-performance of, or any default under, a Contractual Obligation of Ultimate Parent or any Subsidiary, or (ii) the commencement of, or any material development in, any litigation or proceeding affecting Ultimate Parent
or any Subsidiary, including pursuant to any applicable Environmental Laws; 
 (c) the occurrence of any ERISA Event, that, alone or
together with any other ERISA Events that have occurred, would reasonably be expected to result in liability to Ultimate Parent and its Subsidiaries in an aggregate amount exceeding $200,000,000; and 

(d) any announcement by Moody’s or S&P of any change in a Debt Rating. 

Each notice pursuant to clause (a) through (c) of this Section 6.03 will be accompanied by a statement of
a Responsible Officer of Ultimate Parent setting forth details of the occurrence referred to therein and stating what action Ultimate Parent or its Subsidiaries have taken and propose to take with respect thereto. Each notice pursuant to
Section 6.03(a) will describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached or on account of which a Default otherwise arises. 

SECTION 6.04 Payment of Taxes. Ultimate Parent, Intermediate Parent, the Borrower, the other Loan Parties and each other Material
Subsidiary will pay and discharge as the same will become due and payable, all its Taxes levied upon it or its properties or assets, unless the same are being contested in good faith by appropriate proceedings diligently conducted and it is
maintaining adequate reserves in accordance with GAAP, except to the extent that failure to do so, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

SECTION 6.05 Preservation of Existence, Etc. Ultimate Parent, Intermediate Parent, the Borrower, the other Loan Parties and each other
Material Subsidiary will (a) preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws of the jurisdiction of its organization or incorporation, provided that this clause (a) shall
not prohibit any transaction permitted by Section 7.03, (b) take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the
extent that failure to do so, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect, and (c) preserve or renew all of its registered patents, trademarks, trade names and service marks, except where
the failure to do so, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 
 SECTION 6.06
Maintenance of Properties. Ultimate Parent, Intermediate Parent, the Borrower, the other Loan Parties and each other Material Subsidiary will (a) maintain, preserve and protect all of its properties and equipment necessary in the
operation of its business in good working order and condition, ordinary wear and tear excepted, and (b) make all necessary repairs thereto and renewals and replacements thereof, except, in the case of clauses (a) and (b),
where the failure to do so, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

  
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 SECTION 6.07 Maintenance of Insurance. Ultimate Parent, Intermediate Parent, the Borrower,
the other Loan Parties and each other Material Subsidiary will maintain with financially sound and reputable insurance companies insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by
Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance) as are customarily carried under similar circumstances by such other Persons. 

SECTION 6.08 Compliance with Laws. Ultimate Parent, Intermediate Parent, the Borrower, the other Loan Parties and each other Material
Subsidiary will comply with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or
decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

SECTION 6.09 Books and Records. Ultimate Parent, Intermediate Parent, the Borrower, the other Loan Parties and each other Material
Subsidiary will maintain proper books of record and account in which full, true and correct entries, in all material respects in conformity with GAAP, are made of all financial transactions and matters involving its assets and business. 

SECTION 6.10 Inspection Rights. Ultimate Parent, Intermediate Parent, the Borrower, the other Loan Parties and each other Material
Subsidiary will permit representatives and independent contractors of the Administrative Agent to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and
to discuss its affairs, finances and accounts with its officers having direct knowledge or responsibility of the subject matter; provided, however, that such visits, inspections or examinations will be made at a reasonable time during
normal business hours with due regard for, and minimal disruption of, the business of Ultimate Parent and its Subsidiaries, and will not (a) be at the expense of such Person, (b) occur more frequently than once in any 12-month period and
(c) be made without five (5) Business Days’ prior written notice; provided further, however, that when an Event of Default exists, the Administrative Agent or any Lender (or any of their respective representatives
or independent contractors) may do any of the foregoing at the expense of such Person at any time during normal business hours and without advance notice. 

SECTION 6.11 Use of Proceeds. Ultimate Parent, Intermediate Parent, the Borrower, the other Loan Parties and each other Subsidiary will
use the proceeds of the Loans solely (a) to finance, in part, the cash portion of the consideration for the Allergan Acquisition payable under the Allergan Merger Agreement and the Refinancing and (b) to pay fees and expenses incurred in
connection with the Transactions. 
 SECTION 6.12 Covenant to Guarantee Obligations. Ultimate Parent, Intermediate Parent, the
Borrower and the other Loan Parties will cause each Subsidiary of Ultimate Parent (other than the Borrower or a direct Subsidiary of Ultimate Parent, but including, after consummation of the Allergan Acquisition, the Allergan Acquired Business)
that, at any time after the Effective Date, provides a Guarantee of third party Indebtedness of Ultimate Parent or any of its Subsidiaries (including, after consummation of the Allergan Acquisition, third party Indebtedness of the Allergan Acquired
Business) in an aggregate principal amount or commitment amount exceeding $350,000,000, to deliver (a) in the case of any Subsidiary that so provides a Guarantee on or prior to the Closing Date, on the Closing Date and (b) otherwise,
within 30 days (or such later time as may be reasonably requested in writing by Ultimate Parent and accepted by the Administrative Agent) of such Subsidiary providing such Guarantee, 

  
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to the Administrative Agent (i) a duly executed Subsidiary Guarantor Counterpart pursuant to which such Subsidiary agrees to be bound by the terms and provisions of the Obligations Guarantee
and such Subsidiary Guarantor Counterpart and (ii) documents of the types referred to in Sections 4.01(b)(i) and 4.01(d) and opinions of counsel to such Subsidiary (which shall cover, among other things, the legality,
validity, binding effect and enforceability of the documentation referred to in clause (i)) in form and substance reasonably satisfactory to the Administrative Agent; provided that the foregoing requirements shall not apply to (A) any
Subsidiary that, on the Effective Date, is a borrower or a guarantor under the WC Term Loan Credit Agreement unless such Subsidiary has provided a Guarantee of (1) the Actavis Revolving Credit Agreement, (2) the Existing Actavis Term Loan
Credit Agreement or (3) any other third party Indebtedness of Ultimate Parent or any Subsidiary (including the Allergan Bridge Facility) in an aggregate principal amount or commitment amount exceeding $350,000,000 or (B) any Foreign
Subsidiary, if the provision of an Obligations Guarantee by such Foreign Subsidiary would give rise to adverse tax consequences to Ultimate Parent and its Subsidiaries, as reasonably determined by Ultimate Parent. In the case of any Obligations
Guarantee by a Subsidiary required under this Section 6.12, such Obligations Guarantee by such Subsidiary shall be automatically released at such time as such Subsidiary no longer Guarantees such other Indebtedness (other than as a
result of collection on its Guarantee of such other Indebtedness). 
 ARTICLE VII 

NEGATIVE COVENANTS 
 From
and after the Closing Date, until the Commitments shall have expired or been terminated and all Loans and other Obligations (other than contingent obligations as to which no claim has been made) have been paid in full, each of Ultimate Parent,
Intermediate Parent, the Borrower and the other Loan Parties covenants and agrees with the Lenders that: 
 SECTION 7.01 Liens. None
of Ultimate Parent, Intermediate Parent, the Borrower, the other Loan Parties or any other Subsidiary will create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other
than the following: 
 (a) Liens created pursuant to any Loan Document; 

(b) Liens existing on the Effective Date and set forth on Schedule 7.01 and any renewals or extensions thereof; provided
that (i) the property covered thereby is not changed, (ii) the amount of Indebtedness secured or benefited thereby is not increased (except as contemplated by Section 7.02(b)), (iii) the primary obligors and guarantors
with respect thereto are not changed, and (iv) any renewal or extension of the obligations secured or benefited thereby is permitted by Section 7.02(b); 

(c) Liens for Taxes not yet due or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate
reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 
 (d) carriers’,
warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business which are not overdue for a period of more than 60 days or which are being contested in good faith and by
appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 

  
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 (e) pledges or deposits in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; 
 (f) deposits to secure
the performance of bids, trade contracts and leases (other than Indebtedness), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

(g) easements, rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial
in amount, and which do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; 

(h) Liens securing judgments for the payment of money not constituting an Event of Default under Section 8.01(h); 

(i) Liens on any assets of any Person that becomes a Subsidiary after the Effective Date existing at the time such Person becomes a Subsidiary
and not created in contemplation of or in connection with such Person becoming a Subsidiary and securing Indebtedness permitted under Section 7.02(f), and any renewals or extensions thereof; provided that (i) the property
covered thereby is not changed, (ii) the amount of Indebtedness secured or benefited thereby is not increased, except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in
connection with any refinancing, refunding, renewal or extension of such Indebtedness, and (iii) no Subsidiary shall be a primary obligor or guarantor with respect thereto unless (A) such Subsidiary was (or pursuant to the terms thereof
would have been required to become) a primary obligor or guarantor with respect thereto at such time or (B) such Subsidiary is a Loan Party; 

(j) other Liens securing other Indebtedness or other liabilities of Ultimate Parent and its Subsidiaries in an aggregate principal amount not
to exceed, at any time, the greater of $750,000,000 and 15% of the Net Worth (it being understood that any Lien permitted under any other clause in this Section 7.01 shall not be included in the computation described in this
clause (j)); 
 (k) bankers’ Liens in the nature of rights of set-off arising in the ordinary course of business; and 

(l) Liens on any assets of the Allergan Acquired Business or its Subsidiaries existing at the time of consummation of the Allergan Acquisition
that are permitted, under the Allergan Merger Agreement (as in effect on the Effective Date), to remain in place following consummation of the Allergan Acquisition, and any renewals or extensions thereof; provided that (i) the property
covered thereby is not changed, (ii) the amount of Indebtedness secured or benefited thereby is not increased, except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in
connection with any refinancing, refunding, renewal or extension of such Indebtedness, and (iii) no Subsidiary shall be a primary obligor or guarantor with respect thereto unless (A) such Subsidiary was (or pursuant to the terms thereof
would have been required to become) a primary obligor or guarantor with respect thereto at such time or (B) such Subsidiary is a Loan Party. 

  
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 SECTION 7.02 Subsidiary Indebtedness. None of Intermediate Parent, the Borrower, the other
Loan Parties or any other Subsidiary of Ultimate Parent will create, incur, assume or suffer to exist any Indebtedness, except: 
 (a)
Indebtedness created under the Loan Documents; 
 (b) Indebtedness outstanding on the Effective Date and set forth on
Schedule 7.02 and any refinancings, refundings, renewals or extensions thereof; provided that (i) the amount of such Indebtedness is not increased except by an amount equal to a reasonable premium or other reasonable amount
paid, and fees and expenses reasonably incurred, in connection with any refinancing, refunding, renewal or extension thereof and by an amount equal to any existing commitments unutilized thereunder and (ii) no Subsidiary shall be a primary
obligor or guarantor with respect thereto unless (A) such Subsidiary was (or pursuant to the terms thereof would have been required to become) a primary obligor or guarantor with respect thereto as of the Effective Date or (B) such
Subsidiary is a Loan Party; 
 (c) obligations (contingent or otherwise) of any Subsidiary existing or arising under any Swap Contract;
provided that (i) such obligations are (or were) entered into by such Person for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such
Person, or changes in the value of securities issued by such Person, and not for purposes of speculation or taking a “market view;” and (ii) such Swap Contract does not contain any provision exonerating the non-defaulting party from
its obligation to make payments on outstanding transactions to the defaulting party; 
 (d) (i) Indebtedness under the WC Term Loan Credit
Agreement, provided that (A) the aggregate principal amount of Indebtedness outstanding thereunder does not exceed the principal amount thereof outstanding on the Effective Date, except by an amount equal to a reasonable premium or other
reasonable amount paid, and fees and expenses reasonably incurred, in connection with any refinancings, refundings, renewals or extensions thereof, and (B) no Subsidiary shall be a primary obligor or guarantor with respect thereto unless
(x) such Subsidiary was (or pursuant to the terms thereof would have been required to become) a primary obligor or guarantor with respect thereto as of the Effective Date or (y) each Subsidiary that is a primary obligor or guarantor with
respect thereto is a Loan Party, (ii) Indebtedness under the Actavis Revolving Credit Agreement of any Subsidiary that is a Loan Party and (iii) Indebtedness under the Existing Actavis Term Loan Credit Agreement of any Subsidiary that is a
Loan Party; 
 (e) Guarantees by any Subsidiary of Indebtedness otherwise permitted hereunder of any other Subsidiary or of Ultimate Parent;

 (f) Indebtedness of any Person that becomes a Subsidiary after the Effective Date, and any refinancings, refundings, renewals or
extensions thereof; provided that (i) such Indebtedness exists at the time such Person becomes a Subsidiary and is not created in contemplation of or in connection with such Person becoming a Subsidiary, (ii) no Subsidiary shall be
a primary obligor or guarantor with respect thereto unless (A) such Subsidiary was (or pursuant to the terms thereof would have been required to become) a primary obligor or guarantor with respect thereto at such time or (B) such
Subsidiary is a Loan Party and (iii) the aggregate principal amount of all such Indebtedness permitted by this Section 7.02(f) at any one time outstanding shall not exceed the greater of $750,000,000 and 15% of the Net Worth; 

  
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 (g) Capital Lease Obligations, Synthetic Lease Obligations and Receivables Facility Attributable
Indebtedness in an aggregate principal amount at any one time outstanding not to exceed the greater of $750,000,000 and 15% of the Net Worth, subject, in the case of any such Indebtedness secured by a Lien, to the limitation set forth in
Section 7.01(j); 
 (h) additional secured or unsecured Indebtedness not otherwise permitted under this Section 7.02
in an aggregate principal amount at any time outstanding that, when added to, without duplication, the aggregate principal amount of Indebtedness and other obligations that are secured by a Lien permitted by Section 7.01(j) at such time,
does not exceed the greater of $750,000,000 and 15% of the Net Worth; 
 (i) intercompany loans made (x) between Ultimate Parent and
one or more Subsidiaries or (y) among any two or more Subsidiaries (including, in each case, Indebtedness incurred as part of the Post-Closing Restructuring); 

(j) [reserved]; 
 (k)
Indebtedness of the Allergan Acquired Business or any of its Subsidiaries existing at the time of consummation of the Allergan Acquisition that is permitted, under the Allergan Merger Agreement (as in effect on the Effective Date), to remain
outstanding following consummation of the Allergan Acquisition, and any refinancings, refundings, renewals or extensions thereof; provided that (i) no Subsidiary shall be a primary obligor or guarantor with respect thereto unless
(A) such Subsidiary was (or pursuant to the terms thereof would have been required to become) a primary obligor or guarantor with respect thereto at such time or (B) such Subsidiary is a Loan Party and (ii) the aggregate principal
amount of such Indebtedness at any one time outstanding does not exceed the principal amount thereof outstanding at such time, except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably
incurred, in connection with any such refinancings, refundings, renewals or extensions thereof; and 
 (l) (i) unsecured
Indebtedness of the Borrower or Actavis SCS under the Allergan Bridge Facility and/or other unsecured Indebtedness of the Borrower or Actavis SCS incurred to finance the Allergan Acquisition and the related transactions, and any refinancings,
refundings, renewals or extensions thereof, provided that (A) no Subsidiary that is not a Loan Party shall be a primary obligor or guarantor with respect thereto and (B) the aggregate principal amount of such Indebtedness at any one
time outstanding does not exceed $30,900,000,000, except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with any such refinancings, refundings, renewals or
extensions thereof, and (ii) Indebtedness of the Borrower under the Allergan Cash Bridge Facility in an aggregate principal amount not to exceed $4,698,000,000. 

SECTION 7.03 Fundamental Changes. (a) None of Ultimate Parent, Intermediate Parent, the Borrower or the other Loan Parties will
(i) dissolve or be liquidated or (ii) merge or consolidate with or into another Person, unless, in the case of this clause (ii), (A) at the time thereof and immediately after giving effect thereto no Event of Default (and no Default
under Section 7.04) shall have occurred and be continuing and (B) if Ultimate Parent, Intermediate Parent, the Borrower or any other Loan Party is not the survivor of any such consolidation or merger involving such Person,
(1) Ultimate Parent, at the time thereof and immediately after giving effect thereto, shall be in compliance on a pro forma basis with the financial covenant contained in Section 7.08 as if such consolidation or merger had been
consummated (and any related Indebtedness incurred, assumed or repaid in connection therewith had been incurred, assumed or repaid, as the case may be) on the first day of the most recent period of 

  
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four fiscal quarters of Ultimate Parent for which financial statements have been delivered pursuant to Section 6.01 (or, prior to the first such delivery, ending with the most recent
fiscal quarter referred to in Section 5.05(a)), as demonstrated by delivery to the Administrative Agent of a certificate of a Responsible Officer of Ultimate Parent to such effect showing such calculation in reasonable detail prior to or
concurrently with such consolidation or merger, (2) the surviving Person of such consolidation or merger shall expressly assume all the rights and obligations of Ultimate Parent, Intermediate Parent, the Borrower or such other Loan Party, as
the case may be, under this Agreement and the other Loan Documents pursuant to documentation reasonably satisfactory to the Administrative Agent and shall thereafter be deemed to be Ultimate Parent, Intermediate Parent, the Borrower or such other
Loan Party, as the case may be, for all purposes hereunder, (3) such consolidation or merger will not result in a Change of Control and (4) such consolidation or merger will not result in a change in the jurisdiction of organization of
Ultimate Parent, Intermediate Parent, the Borrower or such other Loan Party, as applicable (other than to the United States). 
 (b) None of
Ultimate Parent, Intermediate Parent, the Borrower, the other Loan Parties or any other Subsidiary will Dispose of (whether in one transaction or in a series of transactions) all or substantially all of the assets (whether now owned or hereafter
acquired) of Ultimate Parent and the Subsidiaries, taken as a whole, or of Intermediate Parent and its Material Subsidiaries, taken as whole. 

SECTION 7.04 Change in Nature of Business. None of Ultimate Parent, Intermediate Parent, the Borrower, the other Loan Parties or any
other Subsidiary will engage in any material line of business substantially different from those lines of business conducted by Ultimate Parent and the Material Subsidiaries on the Effective Date or any business substantially related or incidental
thereto. 
 SECTION 7.05 Transactions with Affiliates. None of Ultimate Parent, Intermediate Parent, the Borrower, the other Loan
Parties or any other Subsidiary will enter into any transaction of any kind with any Affiliate of Ultimate Parent that is a Material Subsidiary, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially
as favorable to Ultimate Parent, Intermediate Parent, the Borrower, such Loan Party or such Subsidiary as would be obtainable by such Person at the time in a comparable arm’s length transaction with a Person other than an Affiliate;
provided that the foregoing restriction will not apply to (i) transactions between or among (A) Ultimate Parent or any Loan Party and any of its Wholly Owned Subsidiaries, (B) any Wholly Owned Subsidiaries of any Loan Party or
(C) the Loan Parties, (ii) Permitted Receivables Transfers, (iii) transactions undertaken as part of the Post-Closing Restructuring, (iv) any transaction between Ultimate Parent or one or more Affiliates of Ultimate Parent
resulting in a transfer to Ultimate Parent or one or more Affiliates of Ultimate Parent of the proceeds of any Allergan Acquisition Indebtedness issued by such Affiliate or (v) if, immediately before and after giving effect to such transaction
on a pro forma basis, no Event of Default shall have occurred and be continuing. 
 SECTION 7.06 Investments. None of Ultimate
Parent, Intermediate Parent, the Borrower, the other Loan Parties or any other Subsidiary will make any Investment if, immediately before and after giving effect to such Investment on a pro forma basis, an Event of Default shall have occurred and be
continuing; provided that the foregoing restriction will not apply to (a) the Allergan Acquisition and Investments between or among Ultimate Parent and its Wholly Owned Subsidiaries in connection with the consummation thereof and
(b) Investments made (i) in the ordinary course of business or required in connection with the Receivables Purchase Documents or (ii) as part of the Post-Closing Restructuring. 

  
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 SECTION 7.07 Restricted Payments. Ultimate Parent will not declare or make, directly or
indirectly, any Restricted Payment or incur any obligation (contingent or otherwise) to do so; provided that the foregoing restriction will not apply (a) if, immediately before and after giving effect to the declaration (or, in the case
of any Restricted Payment made without a declaration thereof, to the making thereof) on a pro forma basis, no Event of Default shall have occurred and be continuing, (b) to dividends by Ultimate Parent with respect to its Equity Interests
payable solely in additional Equity Interests of Ultimate Parent and (c) to any issuance by Ultimate Parent of its Equity Interests as part of the acquisition consideration in the Allergan Acquisition, and any cash payments in lieu of the
issuance of fractional shares in connection with the Allergan Acquisition. 
 SECTION 7.08 Consolidated Leverage Ratio. Commencing on
the last day of the first full fiscal quarter of Ultimate Parent ending after the Closing Date, none of Ultimate Parent, Intermediate Parent, the Borrower or the other Loan Parties will permit the Consolidated Leverage Ratio as of the last day of
any fiscal quarter of Ultimate Parent to exceed (a) 5.25:1.00, in the case of the last day of the first full fiscal quarter ending after the Closing Date through and including the last day of the second full fiscal quarter ending after the
Closing Date, (b) 5.00:1.00, in the case of the last day of the third full fiscal quarter ending after the Closing Date through and including the last day of the fourth full fiscal quarter ending after the Closing Date, (c) 4.25:1.00, in
the case of the last day of the fifth full fiscal quarter ending after the Closing Date through and including the last day of the sixth full fiscal quarter ending after the Closing Date, (d) 4.00:1.00, in the case of the last day of the seventh
full fiscal quarter ending after the Closing Date through and including the last day of the eighth full fiscal quarter ending after the Closing Date, and (e) 3.50:1.00, in the case of the last day of the ninth full fiscal quarter ending after
the Closing Date and the last day of any fiscal quarter at any time thereafter. 
 SECTION 7.09 Passive Holding Companies; Activities of
Actavis SCS. (a) Passive Holding Companies. Neither Ultimate Parent nor any Subsidiary that, directly or indirectly through any other Subsidiary, owns any Equity Interests in Intermediate Parent (other than any such Subsidiary that is a
Subsidiary Guarantor, Intermediate Parent or the Borrower) (each such Subsidiary and Ultimate Parent, the “Passive Holding Companies”) will (i) conduct, transact or otherwise engage in any active trade or business or operations
other than through a Subsidiary of Intermediate Parent or (ii) own any IP Rights, any operating assets or any other assets that are material to the operations of Ultimate Parent and its Subsidiaries, taken as a whole; provided that the
foregoing will not prohibit any Passive Holding Company from the following: (A) ownership of Equity Interests in Intermediate Parent or in one or more Subsidiaries of Ultimate Parent that are Passive Holding Companies, (B) the maintenance
of its legal existence and, with respect to Ultimate Parent, status as a public company (including the ability to incur fees, costs and expenses relating to such maintenance), (C) the performance of its obligations with respect to the Allergan
Merger Agreement, this Agreement, the Actavis Revolving Credit Agreement, the Existing Actavis Term Loan Credit Agreement, the WC Term Loan Credit Agreement, the Allergan Bridge Facility, the Allergan Cash Bridge Facility, any Allergan Acquisition
Indebtedness or any other Indebtedness in respect of which it is an obligor and any other agreement to which it is a party, (D) with respect to Ultimate Parent, any offering of its common stock or any mandatorily redeemable preferred stock or
any other Equity Interests (including any equity-linked securities), (E) the making of Restricted Payments, (F) the incurrence of Indebtedness, (G) the making of contributions to (or other equity investments in) the capital of its
direct Subsidiaries (which shall be Passive Holding Companies or Intermediate Parent), (H) the creation of, and ownership of the Equity Interests in, any newly formed Subsidiary with de minimis capitalization that is formed solely for the
purpose of consummating an acquisition by Ultimate Parent so long as, within six (6) months (or such later time as may be reasonably requested in writing by Ultimate Parent and accepted by the Administrative Agent) such newly formed Subsidiary
merges with and into a target entity and the survivor thereof becomes a direct or indirect 

  
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Subsidiary of Intermediate Parent), (I) providing a Guarantee of Indebtedness or other obligations of Ultimate Parent or any of the Subsidiaries, (J) participating in tax, accounting
and other administrative matters as a member or parent of the consolidated group, (K) holding any cash or cash equivalents (including cash and cash equivalents received in connection with Restricted Payments) and any other assets on a temporary
basis that are in the process of being transferred through such Passive Holding Company as part of a downstream contribution or an upstream distribution or other upstream payment (e.g., a spin-off of assets), (L) providing indemnification to
officers and directors, (M) Disposing of assets that are permitted to be held by it in accordance with this Section 7.09(a) and (N) activities incidental to the businesses or activities described above. 

(b) Activities of Actavis SCS. Actavis SCS will not (i) conduct, transact or otherwise engage in any active trade or business or
operations or (ii) own any IP Rights, any operating assets or any other material assets (other than cash and cash equivalents and intercompany loans and advances); provided that the foregoing will not prohibit Actavis SCS from the
following: (A) the maintenance of its legal existence (including the ability to incur fees, costs and expenses relating to such maintenance), (B) the performance of its obligations with respect to this Agreement, the Actavis Revolving
Credit Agreement, the Existing Actavis Term Loan Credit Agreement, the Allergan Bridge Facility, the Allergan Cash Bridge Facility, any Allergan Acquisition Indebtedness or any other Indebtedness in respect of which it is an obligor and any other
agreement to which it is a party, (C) the incurrence of Indebtedness, (D) the making of Restricted Payments with, and the lending, advancing or other transfer of, the proceeds of Indebtedness incurred by it to Ultimate Parent or any of the
Subsidiaries, (E) providing a Guarantee of Indebtedness or other obligations of Ultimate Parent or any of the Subsidiaries, (F) participating in tax, accounting and other administrative matters as a member or parent of the consolidated
group, (G) holding any cash or cash equivalents on a temporary basis, (H) providing indemnification to officers and directors, (I) Disposing of assets that are permitted to be held by it in accordance with this
Section 7.09(b) and (J) activities incidental to the businesses or activities described above. 
 ARTICLE VIII 

EVENTS OF DEFAULT AND REMEDIES 

SECTION 8.01 Events of Default. Subject to Section 8.04, any of the following will constitute an “Event of
Default”: 
 (a) Non-Payment. The Borrower fails to pay (i) when and as required to be paid herein, and in the currency
required hereunder, any amount of principal of any Loan or (ii) within five (5) days after the same becomes due, any interest on any Loan, any fee due hereunder or any other amount payable hereunder or under any other Loan Document (other
than an amount specified in clause (i) above); 
 (b) Specific Covenants. Ultimate Parent or any Loan Party fails to
perform or observe any term, covenant or agreement contained in Section 6.03(a) or 6.05(a) (with respect to existence of Ultimate Parent, Intermediate Parent, the Borrower or any other Loan Party) or in Article VII;

 (c) Other Defaults. Ultimate Parent or any Loan Party fails to perform or observe any other covenant or agreement (not specified
in Section 8.01(a) or 8.01(b)) contained in any Loan Document on its part to be performed or observed and such failure continues for thirty (30) days after 

  
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notice thereof from the Administrative Agent (given at the request of any Lender) to Ultimate Parent and the Borrower, unless such failure is not susceptible to cure within thirty (30) days
(but is susceptible to cure within sixty (60) days) and, within such thirty (30) days, Ultimate Parent or the applicable Loan Party has taken reasonable steps to effectuate a cure, continues to diligently pursue such cure and actually
effectuates such cure within sixty (60) days after such notice to Ultimate Parent and the Borrower; 
 (d) Representations and
Warranties. Any representation and warranty made or deemed made by or on behalf of Ultimate Parent or any Loan Party herein or in any other Loan Document, or any statement made by or on behalf of Ultimate Parent or any Loan Party or any
Responsible Officer thereof in any certificate delivered in connection with any Loan Document, is incorrect in any material respect when made or deemed made; 

(e) Cross-Default. (i) Ultimate Parent, Intermediate Parent, the Borrower or any Material Subsidiary fails to make any payment of
principal or interest in respect of any Material Indebtedness, when and as the same shall become due and payable (after giving effect to any applicable grace periods), (ii) any event or condition occurs that (A) results in any Material
Indebtedness becoming due prior to its scheduled maturity or (B) enables or permits (after giving effect to any applicable grace periods) the holder or holders of any Material Indebtedness, or any trustee or agent on its or their behalf, to
cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity, provided that this Section 8.01(e)(ii) shall not apply to secured
Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness if such secured Indebtedness is paid when due, (iii) any termination event or event of like import occurs under any
Receivables Purchase Facility having a principal amount or committed amount in excess of $300,000,000, that (x) terminates, or permits the investors under any Receivables Purchase Facility to terminate, the reinvestment of collections or
proceeds of Receivables and Related Security under any Receivables Purchase Document (other than a termination resulting solely from the request of Ultimate Parent or any of its Subsidiaries) or (y) causes the replacement of, or permits the
investors under any Receivables Purchase Facility to replace, the Person then acting as servicer for such Receivables Purchase Facility, if the Person then acting as servicer is a Loan Party or an Affiliate of a Loan Party or (iv) there occurs
under any Swap Contract an early termination date resulting from (x) any event of default under such Swap Contract as to which Ultimate Parent, Intermediate Parent, the Borrower or any Material Subsidiary is the defaulting party thereunder or
(y) any termination event under such Swap Contract as to which Ultimate Parent, Intermediate Parent, the Borrower or any Material Subsidiary is an affected party thereunder and, in either event, the Swap Termination Value owed by Ultimate
Parent, Intermediate Parent, the Borrower or such Material Subsidiary as a result thereof is greater than $300,000,000; 
 (f) Insolvency
Proceedings, Etc. Ultimate Parent, Intermediate Parent, the Borrower or any Material Subsidiary institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors, or
applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator, examiner or similar officer for it or for all or any material part of its property; any receiver, trustee, custodian,
conservator, liquidator, rehabilitator, examiner or similar officer is appointed without the application or consent of Ultimate Parent, Intermediate Parent, the Borrower or any Material Subsidiary and the appointment continues undischarged or
unstayed for sixty (60) calendar days; or any proceeding under any Debtor Relief Law relating to Ultimate Parent, Intermediate Parent, the Borrower or any Material Subsidiary or to all or any material part of its property is instituted without
the consent of such Person and continues undismissed or unstayed for sixty (60) calendar days, or an order for relief is entered in any such proceeding; 

  
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 (g) Inability to Pay Debts; Attachment. (i) Ultimate Parent, Intermediate Parent, the
Borrower or any Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against
all or any material part of the property of Ultimate Parent, Intermediate Parent, the Borrower or any Material Subsidiary and is not released, vacated or fully bonded within thirty (30) days after its issue or levy; 

(h) Judgments. There is entered against Ultimate Parent, Intermediate Parent, the Borrower or any Material Subsidiary a final judgment
or order for the payment of money in an aggregate amount exceeding $300,000,000 (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage) and (i) enforcement proceedings are commenced by
any creditor upon such judgment or order and (ii) there is a period of thirty (30) consecutive days during which execution shall not have been effectively stayed, vacated or bonded pending appeal or otherwise; 

(i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably
be expected to result in liability of Ultimate Parent, Intermediate Parent, the Borrower or any Material Subsidiary under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of $300,000,000 or
(ii) Ultimate Parent, Intermediate Parent, the Borrower, any Material Subsidiary or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability
under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of $300,000,000; 
 (j) Invalidity of Loan
Documents. This Agreement, any Note or any material Guarantee under the Obligations Guarantee shall, for any reason, cease to be in full force and effect, or Ultimate Parent or any Loan Party shall contest in writing the validity or
enforceability of this Agreement, any Note or any such Guarantee, in each case, other than in accordance with the terms hereof and thereof (including, in the case of a Subsidiary Guarantor, as a result of the release of such Subsidiary Guarantor in
accordance with Section 10.10); or 
 (k) Change of Control. There occurs any Change of Control. 

SECTION 8.02 Remedies Upon Event of Default. Subject to Section 8.04, if any Event of Default occurs and is continuing
after the funding of Loans on the Closing Date, the Administrative Agent will at the request of, or may with the consent of, the Required Lenders, in each case only after the funding of Loans on the Closing Date, take any or all of the following
actions: 
 (a) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts
owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by Ultimate Parent and the Loan Parties; and

 (b) exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents; 

provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower
under Debtor Relief Laws, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid will automatically become due and payable, in each case without further act of the Administrative Agent or any Lender.

  
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 SECTION 8.03 Application of Funds. After the exercise of remedies provided for in
Section 8.02 (or after the Loans have automatically become immediately due and payable as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations will be applied by the Administrative
Agent in the following order: 
 First, to payment of that portion of the Obligations constituting 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; 

Second, to payment of that portion of the Obligations constituting fees, indemnities and reimbursements payable to the Lenders or the
Arrangers (including fees, charges and disbursements of counsel to the Lenders or the Arrangers and amounts payable under Article III), ratably among them in proportion to the respective amounts described in this clause Second
payable to them; 
 Third, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans and
other Obligations, ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to them; 

Fourth, to payment of that portion of the Obligations constituting unpaid principal of the Loans, ratably among the Lenders in
proportion to the respective amounts described in this clause Fourth held by them; and 
 Last, the balance, if any, after all
of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required by Law. 
 SECTION 8.04 Cleanup
Period. Notwithstanding anything to the contrary, if on the Closing Date a matter or circumstance exists which constitutes a Default, such matter or circumstance will not constitute a Default on the Closing Date and during the five-day period
following the Closing Date; provided that (a) such matter or circumstance does not constitute (i) a Major Default or (ii) a Default incapable of being cured, (b) reasonable steps are being taken by Ultimate Parent and its
Subsidiaries to cure such Default and (c) such Default is cured or otherwise ceases to exist within five days after the Closing Date. For the avoidance of doubt, nothing in this Section 8.04 shall affect the conditions set forth in
Article IV. 
 ARTICLE IX 

GUARANTEE 
 SECTION 9.01
Guarantee of Obligations. Each of the Guarantors hereby, jointly and severally, absolutely, unconditionally and irrevocably, guarantees, as primary obligor and not merely as surety, to the Administrative Agent, for the benefit of the
Guaranteed Parties and their respective successors, indorsees, transferees and assigns, the prompt and complete payment and performance by the Borrower and each other Guarantor, when due (whether at the stated maturity, by acceleration or otherwise)
of the Obligations. Each Guarantor shall be liable under its guarantee set forth in this Section 9.01, without any limitation as to amount, for all present and future Obligations, including specifically all future increases in the
outstanding principal amount of the Loans and other future increases in the Obligations, whether or not any such increase is committed, contemplated or provided for by the Loan Documents on the date hereof. Without limiting the generality of the
foregoing, each Guarantor’s liability shall extend to all Obligations (including interest, fees, costs and expenses) that would be owed by any other obligor on the Obligations but for the fact that they are unenforceable or not allowable due to

  
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the existence of a proceeding under any Debtor Relief Law involving such other obligor because it is the intention of the Guarantors and the Guaranteed Parties that the Obligations that are
guaranteed by the Guarantors pursuant hereto should be determined without regard to any applicable Law or order that may relieve the Borrower or any other Guarantor of any portion of any Obligations. 

SECTION 9.02 Limitation on Obligations Guaranteed. (a) Notwithstanding any other provision hereof, the right of recovery against
each Guarantor under this Article IX shall not exceed $1.00 less than the lowest amount which would render such Guarantor’s obligations under this Article IX void or voidable under applicable Law, including the Uniform
Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to the Obligations Guarantee set forth herein and the obligations of each Guarantor hereunder. To effectuate the
foregoing, the Administrative Agent and the Guarantors hereby irrevocably agree that the obligations of each Guarantor in respect of the Obligations Guarantee set forth in this Article IX at any time shall be limited to the maximum
amount as will result in the obligations of such Guarantor under the Obligations Guarantee not constituting a fraudulent transfer or conveyance after giving full effect to the liability under the Obligations Guarantee set forth in this
Article IX and its related contribution rights but before taking into account any liabilities under any other Guarantee by such Guarantor. 

(b) Each Guarantor agrees that Obligations may at any time and from time to time be incurred or permitted in an amount exceeding the maximum
liability of such Guarantor under Section 9.02(a) without impairing the Obligations Guarantee contained in this Article IX or affecting the rights and remedies of any Guaranteed Party hereunder. 

(c) Notwithstanding anything to the contrary in this Article IX, the obligations under this Article IX of any
Guarantor incorporated in Ireland shall be deemed not to be undertaken or incurred to the extent that the same would (but for this Section 9.02(c)): 

(i) constitute unlawful financial assistance prohibited by Section 60 of the Companies Act 1963 of Ireland; or 

(ii) constitute a breach of Section 31 of the Companies Act 1990 of Ireland. 

For the avoidance of doubt, to the extent that such indemnities, guarantees, obligations, liabilities or undertakings have been validated under
Section 60 (2) to (11) of the Companies Act 1963 of Ireland, they shall not constitute unlawful financial assistance under the said Section 60. 

(d) Notwithstanding any provision of any Loan Document to the contrary, the aggregate payment obligations (excluding, for the avoidance of
doubt, securities in rem) under this Obligations Guarantee of Actavis SCS (when taken together with the aggregate payment obligations (excluding, for the avoidance of doubt, securities in rem) of Actavis SCS under a Guarantee of any
other Indebtedness) shall be limited to (such limitation to be applied to this Obligations Guarantee and to all such other Guarantees on a pro rata basis based on the aggregate outstanding principal amount of Indebtedness Guaranteed by Actavis SCS
hereunder and under its Guarantee of any other such Indebtedness), and shall not exceed, an amount corresponding to 95% of the sum of (i) its own funds (capitaux propres) plus (ii) subordinated debts (as referred to in article 34 of
the law of December 19, 2002 on the register of commerce and companies and accounting and the annual accounts of undertakings, as amended) (A) as shown in its most recent financial statements available on the date on which the initial
demand is made in respect of obligations of Actavis SCS under this Obligations Guarantee or (B) as shown in its most recent financial statements available on the Effective Date, 

  
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whichever is higher; provided that the limitation contained in this Section 9.02(d) shall not apply to any amounts borrowed by, or made available to, in any form whatsoever,
under the Loan Documents (or any document entered into in connection therewith) to Actavis SCS or any of its (current or future) direct or indirect Subsidiaries. Where, for the purpose of the above determination under this
Section 9.02(d) in respect of Actavis SCS, no duly established annual financial statements are available for the relevant reference period (which, for the avoidance of doubt, includes a situation where, in respect of the determination to
be made above under this Section 9.02(d), no final financial statements have been established in due time in respect of the then most recently ended financial year), Actavis SCS shall promptly establish unaudited interim financial
statements (as of the end of the then most recently ended financial quarter) or annual financial statements (as applicable) duly established in accordance with applicable accounting rules, pursuant to which the relevant own funds and subordinated
debts will be determined. If Actavis SCS fails to provide such unaudited interim financial statements or annual financial statements (as applicable) within twenty-one (21) Business Days as from the date of request by the Administrative Agent,
the Administrative Agent may appoint (at the Loan Parties’ expense) an independent auditor (réviseur d’entreprises agréé), or an independent reputable investment bank, that shall undertake the determination of
the relevant own funds and subordinated debts. In order to prepare such determination, the independent auditor (réviseur d’entreprises agréé) or the independent reputable investment bank shall take into consideration
such available elements and facts at such time, including the latest annual financial statements of Actavis SCS and its Subsidiaries, any recent valuation of the assets of Actavis SCS and its Subsidiaries (if available), the market value of the
assets of Actavis SCS and its Subsidiaries as if sold between a willing buyer and a willing seller as a going concern using a standard market multi criteria approach combining market multiples, book value, discounted cash flow or comparable public
transaction of which price is known (taking into account circumstances at the time of the valuation and making all necessary adjustments to the assumption being used) and acting in a reasonable manner. 

SECTION 9.03 Nature of Guarantee; Continuing Guarantee; Waivers of Defenses. 

(a) Each Guarantor understands and agrees that the Obligations Guarantee contained in this Article IX shall be construed as a
continuing guarantee of payment and performance and not merely of collectability. Each Guarantor waives diligence, presentment, protest, marshaling, demand for payment, notice of dishonor, notice of default and notice of nonpayment to or upon the
Borrower or any of the other Guarantors with respect to the Obligations. Without limiting the generality of the foregoing, this Obligations Guarantee and the obligations of the Guarantors hereunder shall be valid and enforceable and shall not be
subject to any reduction, limitation, impairment, set-off, defense, counterclaim, discharge or termination for any reason (other than a Discharge of the Obligations and as set forth in Sections 9.02(c) and 9.02(d)). 

(b) Each Guarantor agrees that the Obligations Guarantee of each Guarantor hereunder is independent of the Obligations Guarantee of each other
Guarantor and of any other guarantee of the Obligations and when making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Guarantor, any Guaranteed Party may, but shall be under no obligation to, make a similar
demand on or otherwise pursue such rights and remedies as it may have against the Borrower and any other Guarantor or any other Person or against any other guarantee for the Obligations or any right of offset with respect thereto, and any failure by
any Guaranteed Party to make any such demand, to pursue such other rights or remedies or to collect any payments from the Borrower and any other Guarantor or any other Person or to realize upon any such guarantee or to exercise any such right of
offset, or any release of the Borrower and any other Guarantor or any other Person or any such guarantee or right of offset, shall not relieve any Guarantor of any obligation or liability hereunder, and shall not

  
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impair or affect the rights and remedies, whether express, implied or available as a matter of law, of any Guaranteed Party against any Guarantor. For the purposes hereof “demand” shall
include the commencement and continuance of any legal proceedings. 
 (c) No payment made by the Borrower, any of the other Guarantors, any
other guarantor or any other Person or received or collected by any Guaranteed Party from the Borrower and any of the other Guarantors, any other guarantor or any other Person by virtue of any action or proceeding or any set-off or appropriation or
application at any time or from time to time in reduction of or in payment of the Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of any Guarantor hereunder which shall, notwithstanding any such payment
remain liable for the Obligations until the Discharge of the Obligations. 
 (d) Without limiting the generality of the foregoing, each
Guarantor agrees that its obligations under and in respect of the Obligations Guarantee contained in this Article IX shall not be affected by, and shall remain in full force and effect without regard to, and hereby waives all, rights, claims
or defenses that it might otherwise have (now or in the future) with respect to each of the following (whether or not such Guarantor has knowledge thereof): 

(i) the validity or enforceability of this Agreement or any other Loan Document, any of the Obligations or any guarantee or
right of offset with respect thereto at any time or from time to time held by any Guaranteed Party; 
 (ii) any renewal,
extension or acceleration of, or any increase in the amount of the Obligations, or any amendment, supplement, modification or waiver of, or any consent to departure from, the Loan Documents; 

(iii) any failure or omission to assert or enforce or agreement or election not to assert or enforce, delay in enforcement, or
the stay or enjoining, by order of court, by operation of law or otherwise, of the exercise or enforcement of, any claim or demand or any right, power or remedy (whether arising under any Loan Documents, at law, in equity or otherwise) with respect
to the Obligations or any agreement relating thereto, or with respect to any other guaranty of or security for the payment of the Obligations; 

(iv) any change, reorganization or termination of the corporate structure or existence of any Loan Party or any Subsidiary of
any Loan Party and any corresponding restructuring of the Obligations; 
 (v) any settlement, compromise, release, or
discharge of, or acceptance or refusal of any offer of payment or performance with respect to, or any substitutions for, the Obligations or any subordination of the Obligations to any other obligations; and 

(vi) any other circumstance whatsoever which may or might in any manner or to any extent vary the risk of any Guarantor as an
obligor in respect of the Obligations or which constitutes, or might be construed to constitute, an equitable or legal discharge of any Guarantor for the Obligations, or of such Guarantor under this Article IX. 

(e) In addition, each Guarantor further waives any and all other defenses, set-offs or counterclaims (other than a defense of payment or
performance in full hereunder) which may at any time be available to or be asserted by it, the Borrower or any other Guarantor or Person against any Guaranteed 

  
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Party, including, without limitation, failure of consideration, breach of warranty, statute of frauds, statute of limitations, accord and satisfaction and usury. 

SECTION 9.04 Rights of Reimbursement, Contribution and Subrogation. In case any payment is made on account of the Obligations by any
Guarantor or is received or collected on account of the Obligations from any Guarantor: 
 (a) If such payment is made by a Guarantor in
respect of the Obligations of another Guarantor, such Guarantor shall be entitled, subject to and upon (but not before) a Discharge of the Obligations (and each Guarantor hereby waives its right to exercise such rights until a Discharge of the
Obligations), (A) to demand and enforce reimbursement for the full amount of such payment from such other Guarantor, and (B) to demand and enforce contribution in respect of such payment from each other Guarantor which has not paid its
fair share of such payment, as necessary to ensure that (after giving effect to any enforcement of reimbursement rights provided hereby) each Guarantor pays its fair share of the unreimbursed portion of such payment. For this purpose, the fair share
of each Guarantor as to any unreimbursed payment shall be determined based on an equitable apportionment of such unreimbursed payment among all Guarantors (other than the Guarantor whose primary obligations were so guaranteed by the other
Guarantors) based on the relative value of their assets and any other equitable considerations deemed appropriate by the court. 
 (b) If
and whenever any right of reimbursement or contribution becomes enforceable by any Guarantor against any other Guarantor whether under Section 9.04(a) or otherwise, such Guarantor shall be entitled, subject to and upon (but not before) a
Discharge of the Obligations (and each Guarantor hereby waives its right to subrogation until a Discharge of the Obligations), to be subrogated (equally and ratably with all other Guarantors entitled to reimbursement or contribution from any other
Guarantor as set forth in this Section 9.04) to any security interest that may then be held by the Administrative Agent upon any collateral securing or purporting to secure any of the Obligations. Any right of subrogation of any
Guarantor shall be enforceable solely after a Discharge of the Obligations and solely against the Guarantors, and not against the Guaranteed Parties, and neither the Administrative Agent nor any other Guaranteed Party shall have any duty whatsoever
to warrant, ensure or protect any such right of subrogation or to obtain, perfect, maintain, hold, enforce or retain any collateral securing or purporting to secure any of the Obligations for any purpose related to any such right of subrogation. If
subrogation is demanded by any Guarantor, then, after Discharge of the Obligations, the Administrative Agent shall deliver to the Guarantors making such demand, or to a representative of such Guarantors or of the Guarantors generally, an instrument
satisfactory to the Administrative Agent transferring, on a quitclaim basis without any recourse, representation, warranty or any other obligation whatsoever, whatever security interest the Administrative Agent then may hold in whatever collateral
securing or purporting to secure any of the Obligations that may then exist that was not previously released or disposed of or acquired by the Administrative Agent. 

(c) The obligations of the Guarantors under this Obligations Guarantee and the other Loan Documents, including their liability for the
Obligations and the enforceability of the security interests granted thereby, are not contingent upon the validity, legality, enforceability, collectability or sufficiency of any right of reimbursement, contribution or subrogation arising under this
Section 9.04 or otherwise. The invalidity, insufficiency, unenforceability or uncollectability of any such right shall not in any respect diminish, affect or impair any such obligation or any other claim, interest, right or remedy at any
time held by any Guaranteed Party against any Guarantor. The Guaranteed Parties make no representations or warranties in respect of any such right and shall have no duty to assure, protect, enforce or ensure any such right or otherwise relating to
any such right. 

  
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 SECTION 9.05 Payments. Each Guarantor hereby guarantees that payments hereunder will be
paid to the Administrative Agent, for the account of the applicable Guaranteed Parties to which such payment is owed, to such account as may be specified by the Administrative Agent, in US Dollars and in Same Day Funds. 

SECTION 9.06 Subordination of Other Obligations. Each Guarantor hereby subordinates the payment of all obligations and Indebtedness of
Intermediate Parent owing to such Guarantor, whether now existing or hereafter arising, including but not limited to any obligation of Intermediate Parent to such Guarantor as subrogee of the Guaranteed Parties or resulting from such
Guarantor’s performance under this Obligations Guarantee, to the indefeasible payment in full in cash of all Obligations. If the Administrative Agent so requests, any such obligation or Indebtedness of Intermediate Parent to such Guarantor
shall be enforced and performance received by such Guarantor as trustee for the Guaranteed Parties and the proceeds thereof shall be paid over to the Administrative Agent on account of the Obligations, but without reducing or affecting in any manner
the liability of such Guarantor under this Obligations Guarantee. 
 SECTION 9.07 Financial Condition of Borrower and other
Guarantors. Any extension of credit may be made to the Borrower or continued from time to time, without notice to or authorization from any Guarantor regardless of the financial or other condition of the Borrower or any other Guarantor at the
time of any such grant or continuation. No Guaranteed Party shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of the Borrower or any other Guarantor.
Each Guarantor has adequate means to obtain information from the Borrower and each other Guarantor on a continuing basis concerning the financial condition of the Borrower and each other Guarantor and its ability to perform its obligations under the
Loan Documents, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of the Borrower and each other Loan Party and each other Guarantor and of all circumstances bearing upon the risk of nonpayment
of the Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Guaranteed Party to disclose any matter, fact or thing relating to the business, operations or condition of the Borrower or any other Guarantor now known
or hereafter known by any Guaranteed Party. 
 SECTION 9.08 Bankruptcy, Etc. Until a Discharge of the Obligations, no Guarantor
shall, without the prior written consent of the Administrative Agent, commence or join with any other Person in commencing any proceeding under any Debtor Relief Law against the Borrower or any other Guarantor. The obligations of the Guarantors
hereunder shall not be reduced, limited, impaired, discharged, deferred, suspended or terminated by any case or proceeding under any Debtor Relief Law, voluntary or involuntary, involving the Borrower or any other Guarantor or by any defense which
the Borrower or any Guarantor may have by reason of the order, decree or decision of any court or administrative body resulting from any such proceeding. To the fullest extent permitted by law, the Guarantors will permit any trustee in bankruptcy,
receiver, debtor in possession, assignee for the benefit of creditors or similar Person to pay the Administrative Agent, or allow the claim of the Administrative Agent in respect of, any interest, fees, costs, expenses or other Obligations accruing
or arising after the date on which such case or proceeding is commenced. 
 SECTION 9.09 Duration of Guarantee. The Obligations
Guarantee contained in this Article IX shall remain in full force and effect until the Discharge of the Obligations. 

SECTION 9.10 Reinstatement. If at any time payment of any of the Obligations or any portion thereof is rescinded, disgorged or must
otherwise be restored or returned by any Guaranteed Party 

  
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upon the insolvency, bankruptcy, dissolution, liquidation, examinership or reorganization of the Borrower or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or
conservator of, or trustee or similar officer for, the Borrower or any other Guarantor or any substantial part of its property, or otherwise, or if any Guaranteed Party repays, restores, or returns, in whole or in part, any payment or property
previously paid or transferred to the Guaranteed Party in full or partial satisfaction of any Obligation, because the payment or transfer or the incurrence of the obligation is so satisfied, is declared to be void, voidable, or otherwise recoverable
under any state or federal law (collectively, a “Voidable Transfer”), or because such Guaranteed Party elects to do so on the reasonable advice of its counsel in connection with an assertion that the payment, transfer, or incurrence
is a Voidable Transfer, then, as to any such Voidable Transfer, and, subject to Section 11.04, as to all reasonable costs, expenses and attorney’s fees of the Guaranteed Party related thereto, the liability of each Guarantor
hereunder will automatically and immediately be revived, reinstated, and restored and will exist as though the Voidable Transfer had never been made. 

ARTICLE X 
 ADMINISTRATIVE
AGENT 
 SECTION 10.01 Appointment and Authority. Each of the Lenders hereby irrevocably appoints JPMCB to act on its behalf as
the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof,
together with such actions and powers as are reasonably incidental thereto. The provisions of this Article X (other than Sections 10.06 and 10.10) are solely for the benefit of the Administrative Agent and the Lenders,
and neither Ultimate Parent nor any Loan Party will have any rights as a third party beneficiary of any of such provisions. 
 SECTION 10.02
Rights as a Lender. The Person serving as the Administrative Agent hereunder will have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and
such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with Ultimate Parent or any Subsidiary or
other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. 

SECTION 10.03 Exculpatory Provisions. The Administrative Agent will not have any duties or obligations except those expressly set forth
herein and in the other Loan Documents. Without limiting the generality of the foregoing, the Administrative Agent: 
 (a) will not be
subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing (and it is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar
term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law, and that such term is used as a matter of market custom and is
intended to create or reflect only an administrative relationship between contracting parties); 
 (b) will not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the

  
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Required Lenders (or such other number or percentage of the Lenders as will be expressly provided for herein or in the other Loan Documents); provided that the Administrative Agent will
not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable Law; and 

(c) will not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and will not be liable for the
failure to disclose, any information relating to Ultimate Parent, the Loan Parties or any of their respective Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity.

 The Administrative Agent will not be liable for any action taken or not taken by it (i) with the consent or at the request of the
Required Lenders (or such other number or percentage of the Lenders as will be necessary, or as the Administrative Agent will believe in good faith will be necessary, under the circumstances as provided in Sections 11.01 and 8.02)
or (ii) unless, and only to the extent that, a court of competent jurisdiction shall have determined, by a final and nonappealable judgment, that such action or inaction constituted gross negligence or willful misconduct on the part of the
Administrative Agent. The Administrative Agent will be deemed not to have knowledge of any Default unless and until notice (stating that it is a “notice of default”) describing such Default is given to the Administrative Agent by Ultimate
Parent, the Borrower or a Lender. 
 The Administrative Agent will not be responsible for or have any duty to ascertain or inquire into
(i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection
herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the sufficiency, validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction (or waiver) of any condition set forth in Article IV or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to the Administrative Agent or satisfaction of any condition that expressly refers to the matters described therein being acceptable or satisfactory to the Administrative Agent. 

SECTION 10.04 Reliance by Administrative Agent. The Administrative Agent will be entitled to rely upon, and will not incur any
liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and
to have been signed, sent or otherwise authenticated by the proper Person (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the signatory, sender or authenticator thereof). The Administrative Agent
also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the maker thereof), and
will not incur any liability for relying thereon. In determining compliance with any condition under Article IV that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition
is satisfactory to such Lender unless the Administrative Agent will have received notice to the contrary from such Lender prior to the Effective Date or the Closing Date, as applicable. The Administrative Agent may consult with legal counsel (who
may be counsel for Ultimate Parent or any Loan Party), independent accountants and other experts selected by it, and will not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or
experts. 

  
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 SECTION 10.05 Delegation of Duties. The Administrative Agent may perform any and all of
its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its
duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article X will apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such
sub-agent, and will apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. 

SECTION 10.06 Resignation of Administrative Agent. The Administrative Agent may, at any time, give notice of its resignation to the
Lenders, Ultimate Parent and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders will have the right, in consultation with Ultimate Parent and the Borrower, to appoint a successor, which will be a bank with an office
in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor will have been so appointed by the Required Lenders and will have accepted such appointment within 30 days after the retiring
Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the Lenders appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative
Agent notifies Ultimate Parent and the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation will nonetheless become effective in accordance with such notice and (a) the retiring Administrative
Agent will be discharged from its duties and obligations hereunder and under the other Loan Documents and (b) all payments, communications and determinations provided to be made by, to or through the Administrative Agent will instead be made by
or to each Lender directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section 10.06. Upon the acceptance of a successor’s appointment as Administrative Agent
hereunder, such successor will succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent will be discharged from all of its duties and
obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section 10.06). The fees payable by the Borrower to a successor Administrative Agent will be the same as those payable
to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article X and
Section 11.04 will continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring
Administrative Agent was acting as Administrative Agent. 
 SECTION 10.07 Non-Reliance on Administrative Agent, Arrangers and Other
Lenders. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent, any Arranger or any other Lender or any of their Related Parties and based on such documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent, any Arranger or any other Lender or any of their
Related Parties and based on such documents and information as it will from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related
agreement or any document furnished hereunder or thereunder. 
 SECTION 10.08 No Other Duties, Etc. Anything herein to the contrary
notwithstanding, none of the Arrangers, the Co-Syndication Agents or the Co-Documentation Agents will have any duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as

  
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applicable, as the Administrative Agent or a Lender hereunder, but all such Persons shall have the benefit of the indemnities provided for hereunder. 

SECTION 10.09 Administrative Agent May File Proofs of Claim. In case any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition, examinership or other judicial proceeding relative to any Loan Party is pending, the Administrative Agent (irrespective of whether the principal of any Loan will then be due and payable as herein
expressed or by declaration or otherwise and irrespective of whether the Administrative Agent will have made any demand on such Loan Party) will be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other
Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due to the Lenders and the Administrative Agent under Sections 2.10 and 11.04) allowed in such
judicial proceeding; and 
 (b) to collect and receive any monies or other property payable or deliverable on any such claims and to
distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator, examiner or other similar official in any
such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent will consent to the making of such payments directly to the Lenders, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.10 and
11.04. 
 Nothing contained herein will be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt
on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such
proceeding. 
 SECTION 10.10 Guarantee Matters. (a) The Lenders irrevocably authorize the Administrative Agent to release any
Subsidiary Guarantor from its obligations under the Obligations Guarantee if such Subsidiary Guarantor (i) after the Closing Date, ceases to be a Subsidiary of Ultimate Parent as a result of a transaction permitted hereunder,
(ii) originally became a Subsidiary Guarantor on or after the Closing Date pursuant to Section 6.12 and is no longer required pursuant to the terms of such Section to be a Subsidiary Guarantor (after giving effect to any other
releases of such Subsidiary Guarantor from its Guarantees of other Indebtedness to occur substantially simultaneously with the release of its obligations under the Obligations Guarantee) or (iii) was voluntarily designated by Ultimate Parent as
a Subsidiary Guarantor and Ultimate Parent requests, in writing, that the Administrative Agent release it from the Obligations Guarantee and no Event of Default would immediately result from such a release. Upon request by the Administrative Agent
at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Subsidiary Guarantor from its obligations under the Obligations Guarantee pursuant to this Section 10.10. 

  
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 (b) The Lenders irrevocably authorize the Administrative Agent to determine, in connection with
any Foreign Subsidiary becoming a Subsidiary Guarantor on or after the Effective Date, the terms and conditions of any limitations to be set forth in the Subsidiary Guarantor Counterpart to be executed by such Foreign Subsidiary if the
Administrative Agent determines (or is advised by counsel) that such limitations are required by applicable Law or are otherwise customary and appropriate for Guarantees provided by Persons organized in the jurisdiction of organization of such
Foreign Subsidiary. 
 ARTICLE XI 

MISCELLANEOUS 
 SECTION
11.01 Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by Ultimate Parent or the Loan Parties therefrom, will be effective unless in writing signed by the
Required Lenders, Ultimate Parent and the Borrower (and, if the rights of any other Loan Party shall be affected thereby, such Loan Party), and acknowledged by the Administrative Agent (such acknowledgement not to be unreasonably withheld,
conditioned or delayed) and each such waiver or consent will be effective only in the specific instance and for the specific purpose for which given; provided that any provision of this Agreement or any other Loan Document may be amended
by an agreement in writing entered into by Ultimate Parent, the Borrower and the Administrative Agent to cure any ambiguity, omission, defect or inconsistency so long as, in each case, (x) such amendment does not adversely affect the rights of
any Lender or (y) the Lenders shall have received at least five (5) Business Days’ prior written notice thereof and the Administrative Agent shall not have received, within five (5) Business Days of the date of such notice to the
Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment; provided further that no such amendment, waiver or consent will: 

(a) extend or increase the Commitment of any Lender without the written consent of such Lender; 

(b) postpone any date fixed by this Agreement or any other Loan Document for any payment of principal, interest or fees due to any Lender
hereunder or under any other Loan Document without the written consent of such Lender; 
 (c) reduce the principal of, or the rate of
interest specified herein on, any Loan, or any fees payable hereunder or under any other Loan Document, without the written consent of each Lender directly affected thereby; provided, however, that only the consent of the Required
Lenders will be necessary to waive any obligation of the Borrower to pay interest at the default rate or change the amount of the default rate specified in Section 2.09(b); 

(d) change Section 2.14 in a manner that would disproportionately impact either the Three Year Lenders or the Five Year Lenders
without the written consent of the Required Three Year Lenders or the Required Five Year Lenders, as applicable; 
 (e) change
Section 8.03 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender directly affected thereby; 

(f) release Intermediate Parent or all of the Subsidiary Guarantors from the Obligations Guarantee in Section 9.01 (including, in
each case, by limiting liability in respect thereof (other than as required by applicable Law)) without the written consent of each Lender, except, in the case of all of the Subsidiary Guarantors, to the extent the release of all of the Subsidiary
Guarantors is 

  
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permitted pursuant to Section 10.10 (in which case such release may be made by the Administrative Agent acting alone); 

(g) change any provision of this Section 11.01 or the percentage set forth in the definition of “Required Lenders”,
“Required Three Year Lenders” or “Required Five Year Lenders” or any other provision hereof specifying the number or percentage of Lenders (or Lenders of any Class) required to amend, waive or otherwise modify any rights
hereunder or make any determination or grant any consent hereunder without the written consent of each Lender (or each Lender of such Class); or 

(h) change any provisions of any Loan Document in a manner that by its terms adversely affects the rights of Lenders holding Three Year Loans
or Three Year Commitments, or Lenders holding Five Year Loans or Five Year Commitments, as the case may be, differently than those holding Loans or Commitments of the other Class without the written consent of the Required Three Year Lenders or the
Required Five Year Lenders, as applicable; 
 and; provided further, that (i) no amendment, waiver or consent will, unless in writing and
signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document and (ii) any amendment, waiver or consent that by its terms
affects the rights or duties under this Agreement or any other Loan Document of the Lenders of one Class (but not the Lenders of the other Class), may be effected by an agreement or agreements in writing entered into by Ultimate Parent, the Borrower
(and, if applicable as set forth above, the other Loan Parties) and the requisite number or percentage in interest of each affected Class of Lenders that would be required to consent thereto under this Section 11.01 if such Class of
Lenders were the only Class of Lenders hereunder at the time, subject to acknowledgment by the Administrative Agent as provided above. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or
disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than
Defaulting Lenders), except that (x) any amendment, waiver or consent referred to in clause (a), (b) or (c) above shall require the consent of such Defaulting Lender in the event such Defaulting Lender shall be directly affected
thereby and (y) any amendment, waiver or consent requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such
Defaulting Lender. Any amendment, waiver or consent effected in accordance with this Section 11.01 shall be binding upon each Person that is at the time thereof a Lender and each Person that subsequently becomes a Lender. 

SECTION 11.02 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 Section 11.02(b)), all notices and other communications provided for herein will be in writing and will be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by fax or e-mail as
follows, and all notices and other communications expressly permitted hereunder to be given by telephone will be made to the applicable telephone number, as follows: 

(i) if to Ultimate Parent, any Loan Party or the Administrative Agent, to the address, fax number, electronic mail address or
telephone number specified for such Person on Schedule 11.02; and 

  
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 (ii) if to any other Lender, to the address, fax number, electronic mail address
or telephone number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in effect for the delivery of notices that may
contain MNPI). 
 Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, will be deemed to
have been given when received; notices and other communications sent by fax will be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, will be deemed to have been given at the opening of
business on the next business day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in Section 11.02(b), will be effective as provided in such Section. 

(b) Electronic Communications. Notices and other communications to the Lenders 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; provided that the foregoing will not apply to notices to any Lender pursuant to Article II if such
Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. In addition to e-mail communications permitted as set forth above, the Administrative Agent or the Loan
Parties may, in their discretion, agree to accept notices and other communications to it hereunder by other electronic communications pursuant to procedures approved by them; provided that approval of such procedures may be limited to
particular notices or communications. 
 Unless the Administrative Agent otherwise prescribes, (i) notices and other communications
sent to an e-mail address will 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 sent during the normal business hours of the recipient, such notice or communication will be deemed to have been sent 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 will 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) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT
WARRANT THE ACCURACY OR COMPLETENESS OF THE COMPANY MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE COMPANY MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING
ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE COMPANY MATERIALS OR THE PLATFORM. In no event
will the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to Ultimate Parent, the Loan Parties, any Lender or any other Person for losses, claims, damages, liabilities or
expenses of any kind (whether in tort, contract or otherwise) arising out of Ultimate Parent’s, any Loan Party’s or the Administrative Agent’s transmission of Company Materials through the Platform, except to the extent that such
losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence 

  
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or willful misconduct of such Agent Party; provided, however, that in no event will any Agent Party have any liability to Ultimate Parent, the Loan Parties, any Lender or any other
Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). 
 (d) Change of
Address, Etc. Each of Ultimate Parent, the Loan Parties and the Administrative Agent may change its address, fax number, telephone number or electronic mail address for notices and other communications hereunder by notice to the other parties
hereto. Each other Lender may change its address, fax number, telephone number or electronic mail address for notices and other communications hereunder by notice to Ultimate Parent, the Loan Parties and the Administrative Agent. In addition, each
Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, fax number and electronic mail address to which notices and other
communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side
Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United
States federal and state securities Laws, to make reference to Company Materials, if any, that are not made available through the “Public Side Information” portion of the Platform and that may contain MNPI. 

(e) Reliance by Administrative Agent and Lenders. The Administrative Agent and the Lenders will be entitled to rely and act upon any
notices (including telephonic Loan Notices) purportedly given by or on behalf of Ultimate Parent, the Borrower or any other Loan Party even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or
followed by any other form of notice specified herein or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower will indemnify the Administrative Agent, each Lender and their respective
Related Parties from all losses, costs, expenses and liabilities resulting from the reliance by such Person on any notice purportedly given by or on behalf of Ultimate Parent, the Borrower or any other Loan Party. All telephonic notices to and other
telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

SECTION 11.03 No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender or the Administrative Agent to exercise, and no
delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document will operate as a waiver thereof; nor will any single or partial exercise of any right, remedy, power or privilege hereunder or
under any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges of the Administrative Agent and the Lenders provided hereunder
or under the other Loan Documents are cumulative and not exclusive of any rights, remedies, powers and privileges that they would otherwise have. No waiver of any provision of any Loan Document or consent to any departure by Ultimate Parent or any
Loan Party therefrom shall in any event be effective unless the same shall be permitted by Section 11.01, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.
Without limiting the generality of the foregoing, the execution and delivery of this Agreement, the delivery of any Pre-Advanced Funds by any Lender to the Administrative Agent, or the release of any Pre-Advanced Funds by the Administrative Agent to
the Borrower, or the making of a Loan shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender or any Related Party of any of the foregoing may have had notice or knowledge of such Default at the
time. 

  
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 SECTION 11.04 Expenses; Indemnity; Damage Waiver. 

(a) Costs and Expenses. Ultimate Parent will, or will cause the Borrower to, and Intermediate Parent, the Borrower and each other Loan
Party will, pay (i) all reasonable and documented out of pocket expenses incurred by the Administrative Agent, the Arrangers and their respective Affiliates (including the reasonable and documented fees, charges and disbursements of counsel for
the Administrative Agent and the Arrangers, which shall be limited to Cravath, Swaine & Moore LLP and one local counsel in each of Ireland, Luxembourg and, if deemed reasonably necessary by the Administrative Agent or the Arrangers, each
jurisdiction of organization of any other Loan Party), in connection with the structuring, arrangement, syndication, preparation, negotiation, execution, delivery and administration of the Commitment Letter, the Fee Letters, this Agreement and the
other Loan Documents and the credit facilities provided for herein and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), and
(ii) all reasonable and documented out of pocket expenses incurred by the Administrative Agent, the Arrangers and their respective Affiliates and the Lenders (including the reasonable fees, disbursements and other charges of counsel, which
shall be limited to one primary counsel and one local counsel in each of Ireland, Luxembourg and, if deemed reasonably necessary by the Administrative Agent, the Arrangers or the Lenders, each jurisdiction of organization of any other Loan Party
(and, solely in the case of an actual or perceived conflict of interest, one additional counsel (and one additional local counsel in each such jurisdiction) to each group of affected parties that are similarly situated, taken as a whole) in
connection with the enforcement or protection of their respective rights in connection with this Agreement and the other Loan Documents and the credit facilities provided for herein, including its rights under this Section. 

(b) Indemnification by the Borrower. Ultimate Parent will, or will cause the Borrower to, and Intermediate Parent, the Borrower and the
other Loan Parties will, indemnify the Administrative Agent (and any sub-agent thereof), each Arranger, each Co-Syndication Agent, each Co-Documentation Agent, each Lender, and each Related Party of any of the foregoing Persons and the successors
and assigns of each of the foregoing (each an “Indemnitee”) from and against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable fees, charges and
disbursements of counsel, which shall be limited to one primary counsel, one local counsel in each of Ireland, Luxembourg and, if deemed necessary by the Indemnitees, one local counsel in each other appropriate jurisdiction and, solely in the case
of an actual or perceived conflict of interest, one additional counsel (and one additional local counsel in each such jurisdiction) to each group of affected Indemnitees that are similarly situated, taken as a whole) arising out of, in connection
with, or as a result of (i) the Transactions, (ii) the preparation, execution or delivery of the Commitment Letter, the Fee Letters, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the
performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related
Parties only, the administration of this Agreement and the other Loan Documents, (iii) any Loan or Commitment or the use or proposed use of the proceeds therefrom, (iv) any actual or alleged presence or release of Hazardous Materials on or
from any property owned or operated by Ultimate Parent or any of its Subsidiaries, or any Environmental Liability related in any way to Ultimate Parent or any of its Subsidiaries, or (v) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by Ultimate Parent or a Loan Party, or any Affiliate thereof, and regardless of whether any
Indemnitee is a party thereto; provided that such indemnity will not, as to any Indemnitee, apply to (A) losses, claims, damages, liabilities or related expenses to the extent they (x) are determined by a court of competent
jurisdiction by final and 

  
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nonappealable judgment to have resulted from the gross negligence, willful misconduct or bad faith of such Indemnitee or any of its Related Indemnified Parties or (y) result from a claim
brought by Ultimate Parent or a Loan Party against such Indemnitee for a material breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, but only if Ultimate Parent or such Loan Party has obtained a
final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction, or (B) a claim of any Indemnitee solely against one or more Indemnitees (other than a dispute involving a claim against the
Administrative Agent, any Co-Syndication Agent, any Co-Documentation Agent or any Arranger) not arising out of or in connection with any act or omission of Ultimate Parent or its Subsidiaries or any of their respective Related Parties.
Notwithstanding any of the foregoing provisions to the contrary, this Section 11.04(b) shall not apply with respect to Taxes, other than any Taxes that represent losses, claims or damages arising from a non-Tax claim. 

(c) Reimbursement by Lenders. To the extent that Ultimate Parent or the Loan Parties for any reason fail to indefeasibly pay any amount
required under Section 11.04(a) or 11.04(b) to be paid by them to the Administrative Agent (or any sub-agent thereof) or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent
(or any such sub-agent) or such Related Party, as the case may be, such Lender’s ratable share (based on the Applicable Aggregate Percentage of such Lender determined as of the time that the applicable
unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the
Administrative Agent (or any such sub-agent) in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) in connection with such
capacity. The obligations of the Lenders under this Section 11.04(c) are subject to the provisions of Section 2.13(d). 

(d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable Law, none of the parties to this Agreement
shall assert, and each party hereto hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or
as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. No Indemnitee shall be liable for any damages
arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this
Agreement or the other Loan Documents or the transactions contemplated hereby or thereby except to the extent that such damages are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Indemnitee; provided, however, that in no event will any Indemnitee have any liability for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual
damages). Nothing in this Section 11.04(d) shall abrogate, modify or diminish the obligations of the Administrative Agent and the Lenders to keep certain information confidential in the manner and to the extent provided in
Section 11.07. 
 (e) Payments. All amounts due under this Section 11.04 will be payable not later than ten
(10) Business Days after demand therefor. 
 (f) Survival. The agreements in this Section 11.04 will survive the
resignation of the Administrative Agent, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of any and all of the Obligations. 

  
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 SECTION 11.05 Payments Set Aside. To the extent that any payment by or on behalf of the
Borrower is made to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be
fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any
proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied will be revived and continued in full force and effect as if such payment had not
been made or such setoff had not occurred and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus
interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the applicable Overnight Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding
sentence will survive the payment in full of the Obligations and the termination of this Agreement. 
 SECTION 11.06 Successors and
Assigns. (a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that none of
Ultimate Parent, the Borrower or any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender (except in connection with any merger or
consolidation permitted by Section 7.03) and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of Section 11.06(b),
(ii) by way of participation in accordance with the provisions of Section 11.06(e) or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 11.06(g) (and any other
attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns
permitted hereby, Participants to the extent provided in Section 11.06(e), the Arrangers, the Co-Syndication Agents, the Co-Documentation Agents, the Indemnitees and, to the extent expressly contemplated hereby, the sub-agents of
the Administrative Agent and the Related Parties of each of the Administrative Agent, the Arrangers, the Co-Syndication Agents, the Co-Documentation Agents and the Lenders) any legal or equitable right, remedy or claim under or by reason of this
Agreement. 
 (b) Assignments by Lenders. Any Lender may, at any time, assign to one or more assignees all or a portion of its rights
and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

(i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans of any
Class or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B) in any case not described in Section 11.06(b)(i)(A), the aggregate amount of the Commitment or, if the
Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption 

  
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with respect to such assignment is delivered to the Administrative Agent or, if a “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less
than $5,000,000 unless each of the Administrative Agent and, so long as no Event of Default under Section 8.01(a) or 8.01(f) has occurred and is continuing, Ultimate Parent otherwise consents (each such consent not to be
unreasonably withheld or delayed); provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee
and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met. 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment so assigned; provided that this clause (ii) shall not be construed to prohibit the assignment of a proportionate part of all
the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans. 
 (iii) Required
Consents. No consent shall be required for any assignment except to the extent required by Section 11.06(b)(i)(B) and in addition: 

(A) the consent of Ultimate Parent (such consent not to be unreasonably withheld) shall be required unless (1) an Event
of Default under Section 8.01(a) or 8.01(f) has occurred and is continuing at the time of such assignment or (2) in the case of any assignment after the Closing Date, such assignment is to a Lender, an Affiliate of a Lender
or an Approved Fund, in each case that is not a Non-Qualifying Lender; provided that in the case of any assignment after the Closing Date, Ultimate Parent shall be deemed to have consented to any such assignment unless it shall object thereto
by written notice to the Administrative Agent within ten (10) Business Days after having received notice thereof; and 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed) shall be
required if such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender. 

The parties hereto acknowledge and agree that (x) the Administrative Agent shall have no duty or obligation to ascertain whether any
Lender is a Non-Qualifying Lender or with respect to obtaining (or confirming the receipt) of any written consent of Ultimate Parent to any assignment to a Non-Qualifying Lender, any such duty and obligation being solely with the assigning Lender
and the assignee, and (y) the Administrative Agent may rely upon, and shall incur no liability therefor, any determination by Ultimate Parent, any Lender or any prospective Lender as to whether any Person is a Non-Qualifying Lender (and, in
connection with any proposed assignment, may require confirmation by Ultimate Parent as to Ultimate Parent’s determination whether the proposed assignee is a Non-Qualifying Lender prior to accepting any such assignment for recordation in the
Register). 

  
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 The Borrower consents to the assignments and transfers of rights and obligations permitted under
and made in accordance with this Section 11.06(b). The Borrower and Actavis SCS agree and confirm that each of their guarantee and/or indemnity obligations (as applicable) under the Loan Documents granted by each of them in support of
their respective borrowing obligations, guarantee and/or indemnity obligations (as applicable) under the Loan Documents will continue notwithstanding any assignment or transfer under this Section 11.06(b) and will extend to cover and
support obligations transferred or assigned and owed to new Lenders that have been assigned to pursuant to this Section 11.06(b) and the Lenders hereby expressly accept and confirm for the purposes of article 1278 and 1281 of the
Luxembourg civil code that notwithstanding any assignment, transfer and/or novation under this Section 11.06(b) any guarantee shall be preserved for the benefit of any new Lender. 

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

(v) No Assignment to Certain Persons. No such assignment shall be made (A) to Ultimate Parent or any of Ultimate
Parent’s Affiliates or Subsidiaries, (B) to any Defaulting Lender or any of its Subsidiaries, or any Person that, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), or
(C) to a natural person. 
 Subject to acceptance and recording thereof by the Administrative Agent pursuant to Section 11.06(d), from and
after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and shall, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of
a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04,
3.05 and 11.04 with respect to facts and circumstances occurring prior to the effective date of such assignment. Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 11.06(b) 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 11.06(e). 
 (c) Certain Additional Payments. In connection with any assignment of rights and
obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the
Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations, or other compensating actions, with the consent of Ultimate Parent and the
Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to pay and satisfy in full all
payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender 

  
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hereunder (and interest accrued thereon). Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under
applicable Law without compliance with the provisions of this Section 11.06(c), then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

(d) Register. (i) The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of Ultimate Parent and the
Loan Parties (and such agency being solely for Tax purposes), shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the
Commitments of, and principal amounts (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and Ultimate Parent,
the Loan Parties, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary.
In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Lender as a Defaulting Lender. The Register shall be available for inspection by Ultimate Parent, the
Loan Parties and, solely with respect to the Commitments of, and principal amounts (and stated interest) of the Loans owing to, any Lender, such Lender, in each case at any reasonable time and from time to time upon reasonable prior notice. 

(ii) Upon receipt by the Administrative Agent of an Assignment and Assumption (or an agreement incorporating by reference a
form of Assignment and Assumption posted on the Platform) executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder) and the processing and
recordation fee referred to above, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register; provided that the Administrative Agent shall not be required to accept such
Assignment and Assumption or so record the information contained therein if the Administrative Agent reasonably believes that such Assignment and Assumption lacks any written consent required by this Section 11.06 or is otherwise not in
proper form, it being acknowledged that the Administrative Agent shall have no duty or obligation (and shall incur no liability) with respect to obtaining (or confirming the receipt) of any such written consent or with respect to the form of (or any
defect in) such Assignment and Assumption, any such duty and obligation being solely with the assigning Lender and the assignee. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided
in this Section 11.06(d)(ii). Each assignee, by its execution and delivery of an Assignment and Assumption, shall be deemed to have represented to the assigning Lender and the Administrative Agent that such assignee is not a Person made
ineligible under Section 11.06(b)(v). 
 (e) Participations. Any Lender may at any time, without the consent of, or
notice to, Ultimate Parent, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural person, a Defaulting Lender or Ultimate Parent or any of Ultimate Parent’s Affiliates or Subsidiaries) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it); provided that (i) such Lender’s
obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) Ultimate Parent, the Loan Parties, the Administrative
Agent, and the Lenders shall continue to deal solely and 

  
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directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Each Lender that sells a participation shall, acting solely for this purpose as a
non-fiduciary agent of Ultimate Parent and the Loan Parties, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other
obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any
information relating to a Participant’s interest in any Commitments, Loans or its other obligations under this Agreement) to any Person except to the extent that such disclosure is necessary to establish that such Commitment, Loan or other
obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a
Participant Register. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes
of this Agreement notwithstanding any notice to the contrary. 
 Any agreement or instrument pursuant to which a Lender sells such a
participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide
that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 11.01 that affects such Participant. Subject to
Section 11.06(f), Ultimate Parent, the Borrower and the other Loan Parties agree that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 (subject to the requirements and
limitations therein) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 11.06(b); provided that such Participant agrees to be subject to the provisions of
Section 3.06 as if it were a Lender. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 11.08 as though it were a Lender; provided such Participant agrees to be subject
to Section 2.14 as though it were a Lender. 
 (f) Limitations upon Participant Rights. A Participant shall not be
entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to
such Participant is made with Ultimate Parent’s prior written consent. A Participant shall not be entitled to the benefits of Section 3.01 unless Ultimate Parent and the Borrower are notified of the participation sold to such
Participant and such Participant agrees, for the benefit of the Borrower, to comply with Sections 3.01(e) and 3.01(g) as though it were a Lender. 

(g) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this
Agreement (including under its Note(s), if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or any other central bank having jurisdiction over such Lender, and this
Section 11.06 shall not apply to any such pledge or assignment to secure obligations; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or
assignee for such Lender as a party hereto. 
 SECTION 11.07 Treatment of Certain Information; Confidentiality. Each of the
Administrative Agent and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners,
directors, officers, employees, agents, advisors and representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature 

  
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of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it or its Affiliates
(including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable Laws or regulations or by any subpoena or similar legal process, (d) to any other party
hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder,
(f) subject to an agreement containing provisions substantially the same as those of this Section 11.07, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or
obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to Ultimate Parent, the Borrower or any other Subsidiary and its obligations, (g) with the
consent of Ultimate Parent, (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section 11.07 or (ii) becomes available to the Administrative Agent, any Lender
or any of their respective Affiliates on a nonconfidential basis from a source other than Ultimate Parent or the Loan Parties or (i) in the case of any Person that is, or any Affiliate of which is, a party to the Actavis Revolving Credit
Agreement, the Existing Actavis Term Loan Credit Agreement, the WC Term Loan Credit Agreement or any other syndicated credit agreement of Ultimate Parent or any of its Subsidiaries, as expressly permitted by the terms of such credit agreement. It is
agreed that, notwithstanding the restrictions of any prior confidentiality agreement with Ultimate Parent or any Subsidiary binding on the Administrative Agent, any Arranger, any Co-Documentation Agent or any Co-Syndication Agent, or any of their
respective Affiliates, such Persons (and their respective Affiliates) may disclose Information as provided in this Section 11.07. 

For purposes of this Section 11.07, “Information” means all information received from Ultimate Parent or any
Subsidiary relating to Ultimate Parent or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by Ultimate
Parent or any Subsidiary; provided that, in the case of information received from Ultimate Parent or any Subsidiary after the Effective Date, such information is clearly identified at the time of delivery as confidential. Any Person required
to maintain the confidentiality of Information as provided in this Section 11.07 will be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality
of such Information as such Person would accord to its own confidential information. 
 Each of the Administrative Agent and the Lenders
acknowledges that (a) the Information may include MNPI, (b) it has developed compliance procedures regarding the use of MNPI and (c) it will handle all MNPI in accordance with applicable Law, including United States federal and state
and applicable foreign securities Laws. 
 Subject to any applicable requirements of United State federal, state or local or applicable
foreign Laws or regulations, including securities Laws or regulations, neither the Administrative Agent nor any Lender will make or cause to be made, whether orally, in writing or otherwise, any public announcement or statement that is intended for
the general public and not targeted primarily to reach audiences in the banking industry and the banking industry’s customers with respect to the transactions contemplated by this Agreement, or any of the provisions of this Agreement, without
the prior written approval of Ultimate Parent as to the form, content and timing of such announcement or disclosure, which approval may be given or withheld in Ultimate Parent’s sole discretion. 

SECTION 11.08 Right of Setoff. If an Event of Default will have occurred and be continuing, each Lender and each of their respective
Affiliates is hereby authorized at any time and from 

  
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time to time, to the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any
time held and other obligations (in whatever currency) at any time owing by such Lender or any such Affiliate to or for the credit or the account of any Loan Party against any and all of its obligations now or hereafter existing under this Agreement
or any other Loan Document to such Lender, irrespective of whether or not such Lender will have made any demand under this Agreement or any other Loan Document and although such obligations of such Loan Party may be contingent or unmatured or are
owed to a branch or office of such Lender different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each Lender and their respective Affiliates under this Section 11.08 are in addition to
other rights and remedies (including other rights of setoff) that such Lender or its Affiliates may have. Each Lender agrees to notify the Loan Parties and the Administrative Agent promptly after any such setoff and application; provided that
the failure to give such notice will not affect the validity of such setoff and application. Notwithstanding the provisions of this Section 11.08, if at any time any Lender or any of their respective Affiliates maintains one or more
deposit accounts for the Borrower or any other Loan Party into which Medicare and/or Medicaid receivables are deposited, such Person shall waive the right of setoff set forth herein. 

SECTION 11.09 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or
agreed to be paid under the Loan Documents will not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or any Lender will receive interest in an amount that
exceeds the Maximum Rate, the excess interest will be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the
Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude
voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 

SECTION 11.10 Counterparts; Integration; Effectiveness. This Agreement and the other Loan Documents may be executed in counterparts
(and by different parties hereto in different counterparts), each of which will constitute an original, but all of which when taken together will constitute a single contract. This Agreement and the other Loan Documents constitute the entire
contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof, including the commitments of the Lenders and, if applicable,
their Affiliates under the Commitment Letter and any commitment advice submitted by them (but do not supersede any other provisions of the Commitment Letter or the Fee Letters that do not by the terms of such documents terminate upon the
effectiveness of this Agreement, all of which provisions shall remain in full force and effect). This Agreement will become effective upon the satisfaction (or waiver) of the conditions precedent set forth in Section 4.01. Delivery of an
executed counterpart of a signature page of any Loan Document by facsimile or other electronic transmission (including “pdf” or “tif”) will be effective as delivery of a manually executed counterpart of such Loan Document. 

SECTION 11.11 Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan
Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith will survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the
Administrative Agent and each Lender, regardless of any investigation made by or on behalf of the Administrative Agent 

  
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or any Lender or any of their respective Affiliates and notwithstanding that the Administrative Agent, any Lender or any of their respective Affiliates may have had notice or knowledge of any
Default on the Closing Date, and will continue in full force and effect as long as any Loan or any other Obligation hereunder will remain unpaid or unsatisfied. 

SECTION 11.12 Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or
unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents will not be affected or impaired thereby and (b) the parties will endeavor in good faith negotiations
to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular
jurisdiction will not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 11.12, if and to the extent that the enforceability of any provisions in this
Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited. 

SECTION 11.13 Replacement of Lenders. In the event (a) any Lender requests compensation under Section 3.04,
(b) the Loan Parties are required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01 (other than additional amounts arising from VAT), (c) any Lender
becomes a Defaulting Lender or (d) any Lender refuses to consent to any amendment, waiver or other modification of this Agreement or any other Loan Document requested by Ultimate Parent or a Loan Party that requires the consent of all the
Lenders (or all the affected Lenders or all the Lenders of the affected Class) and such amendment, waiver or other modification is consented to by the Required Lenders (or, in circumstances where Section 11.01 does not require the
consent of the Required Lenders, the Required Three Year Lenders or the Required Five Year Lenders, as applicable), then Ultimate Parent or the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent,
require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 11.06), all of its interests, rights (other than its existing rights to
payments pursuant to Section 3.01 or 3.04) and obligations under this Agreement and the other Loan Documents (or, in the case of any such assignment and delegation resulting from a failure to provide a consent, all of its
interests, rights (other than its existing rights to payments pursuant to Section 3.01 or 3.04) and obligations under this Agreement and the other Loan Documents as a Lender of a particular Class) to an assignee that will assume
such obligations (which assignee may be another Lender, if a Lender accepts such assignment and delegation); provided that: 

(i) the Borrower will have paid to the Administrative Agent the assignment fee specified in Section 11.06(b); 

(ii) such Lender will have received payment of an amount equal to 100% of the outstanding principal of its Loans, accrued
interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05) (if applicable, in each case only to the extent such amounts relate to its
interest as a Lender of a particular Class) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 

(iii) in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments
required to be made pursuant to 

  
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Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; and 

(iv) such assignment does not conflict with applicable Laws. 

A Lender will not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the applicable Loan Party to require such assignment and delegation cease to apply. Each party hereto agrees that an assignment and delegation required pursuant to this Section 11.13 may be effected
pursuant to an Assignment and Assumption executed by the Borrower, the Administrative Agent and the assignee and that the Lender required to make such assignment and delegation need not be a party thereto. 

SECTION 11.14 Governing Law; Jurisdiction; Etc. 

(a) GOVERNING LAW. THIS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK;
PROVIDED, HOWEVER, THAT (I) THE INTERPRETATION OF THE DEFINITION OF COMPANY MATERIAL ADVERSE EFFECT (AS DEFINED IN THE ALLERGAN MERGER AGREEMENT) AND WHETHER OR NOT A COMPANY MATERIAL ADVERSE EFFECT HAS OCCURRED, (II) THE
DETERMINATION OF THE ACCURACY OF ANY MERGER AGREEMENT REPRESENTATIONS AND WHETHER AS A RESULT OF ANY INACCURACY THEREOF ULTIMATE PARENT OR ULTIMATE PARENT’S AFFILIATES HAVE THE RIGHT TO TERMINATE ULTIMATE PARENT’S OR SUCH AFFILIATES’
OBLIGATIONS UNDER THE ALLERGAN MERGER AGREEMENT, OR TO DECLINE TO CONSUMMATE THE TRANSACTIONS (AS DEFINED IN THE ALLERGAN MERGER AGREEMENT) PURSUANT TO THE ALLERGAN MERGER AGREEMENT, AND (III) THE DETERMINATION OF WHETHER THE TRANSACTIONS (AS
DEFINED IN THE ALLERGAN MERGER AGREEMENT) HAVE BEEN CONSUMMATED IN ACCORDANCE WITH THE TERMS OF THE ALLERGAN MERGER AGREEMENT, IN EACH CASE, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED SOLELY IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
DELAWARE, WITHOUT REGARD TO ANY OTHER PRINCIPLES OF CONFLICTS OF LAW. 
 (b) SUBMISSION TO JURISDICTION. EACH PARTY HERETO
IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST ANY OTHER PARTY HERETO OR ANY RELATED
PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY, AND OF THE UNITED STATES
DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND IRREVOCABLY AND UNCONDITIONALLY AGREES THAT
ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN
ANY SUCH ACTION OR PROCEEDING WILL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER 

  
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PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT WILL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT OR ANY LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ULTIMATE PARENT OR ANY OF THE LOAN PARTIES OR THEIR RESPECTIVE PROPERTIES IN THE COURTS OF ANY JURISDICTION FOR THE PURPOSE OF ENFORCEMENT OF A JUDGMENT. 

(c) WAIVER OF VENUE. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN SECTION 11.14(B). EACH OF THE PARTIES HERETO
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN
SECTION 11.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

SECTION 11.15 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 11.16 USA PATRIOT Act. Each Lender that is subject to the Patriot Act and the Administrative Agent (for itself and not on
behalf of any Lender) hereby notifies Ultimate Parent and the Loan Parties that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies Ultimate Parent and the Loan Parties, which
information includes the name and address of such Persons and other information that will allow such Lender or the Administrative Agent, as applicable, to identify such Persons in accordance with the Patriot Act. Ultimate Parent and the Loan Parties
shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other information that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable
“know your customer” and anti-money laundering rules and regulations, including the Patriot Act. 
 SECTION 11.17 Judgment
Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into 

  
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another currency, the rate of exchange used will be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such other currency
on the Business Day preceding that on which final judgment is given. The obligation of Ultimate Parent or any Loan Party in respect of any such sum due from it to the Administrative Agent or any Lender hereunder or under the other Loan Documents
will, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”),
be discharged only to the extent that on the Business Day following receipt by the Administrative Agent or such Lender, as the case may be, of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent or such Lender, as the
case may be, may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the Administrative Agent or any
Lender from Ultimate Parent or any Loan Party in the Agreement Currency, Ultimate Parent or such Loan Party, as applicable, agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or such Lender,
as the case may be, against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent or any Lender in such currency, the Administrative Agent or such Lender, as the case may
be, agrees to return the amount of any excess to Ultimate Parent or such Loan Party, as applicable (or to any other Person that may be entitled thereto under applicable Law). 

SECTION 11.18 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby
(including in connection with any amendment, waiver or other modification hereof or of any other Loan Document and any communications in connection therewith), Ultimate Parent and the Loan Parties acknowledge and agree that: (a) (i) the
arranging and other services regarding this Agreement provided by the Administrative Agent, the Lenders and the Arrangers are arm’s-length commercial transactions between Ultimate Parent and the Loan Parties, on the one hand, and the
Administrative Agent, the Lenders and the Arrangers, on the other hand, (ii) Ultimate Parent and the Loan Parties have consulted their own legal, accounting, regulatory and tax advisors to the extent they have deemed appropriate and
(iii) Ultimate Parent and the Loan Parties are capable of evaluating, and understand and accept, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (b) (i) each of the
Administrative Agent, the Lenders and the Arrangers is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for
Ultimate Parent, the Loan Parties or any other Person and (ii) neither the Administrative Agent nor any Lender nor any Arranger has any obligation to Ultimate Parent or the Loan Parties with respect to the transactions contemplated hereby,
except those obligations expressly set forth herein and in the other Loan Documents; and (c) the Administrative Agent, the Lenders and the Arrangers and their respective Affiliates may be engaged in a broad range of transactions that involve
interests that differ from those of Ultimate Parent and the Loan Parties, and none of the Administrative Agent, any Lender or any Arranger has any obligation to disclose any of such interests to Ultimate Parent or the Loan Parties. To the fullest
extent permitted by law, each of Ultimate Parent and the Loan Parties hereby waives and releases any claims that it may have against the Administrative Agent, the Lenders or any Arranger with respect to any breach or alleged breach of agency or
fiduciary duty in connection with any aspect of any transaction contemplated hereby. 
 SECTION 11.19 Electronic Execution of
Assignments. The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form,
each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law,

  
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including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state Laws based on the Uniform
Electronic Transactions Act. 
 SECTION 11.20 Appointment of Agent for Service of Process; Waiver of Immunity. (a) Each of
Ultimate Parent, Intermediate Parent, the Borrower and each other Loan Party hereby irrevocably designates, appoints and empowers, for the benefit of the parties hereto (other than Ultimate Parent, Intermediate Parent, the Borrower or any other Loan
Party) and the Indemnitees, Actavis as its designee, appointee and agent to receive, accept and acknowledge for and on behalf of it, and in respect of its property, service of any and all legal process, summons, notices and documents that may be
served in any suit, action or proceeding brought in connection with or as a result of this Agreement, the other Loan Documents, the Loans made to the Borrower hereunder and the other transactions contemplated hereby. Such service may be made by
mailing or delivering a copy of such process to Ultimate Parent, Intermediate Parent, the Borrower or such other Loan Party in care of Actavis at its address at Morris Corporate Center III, 400 Interpace Parkway, Parsippany, New Jersey 07054,
Attention: Stephen Kaufhold, Senior Vice President, Treasurer (or another officer of Actavis), and each of Ultimate Parent, Intermediate Parent, the Borrower and each other Loan Party hereby irrevocably authorizes and directs Actavis to accept such
service on its behalf. 
 (b) Actavis hereby acknowledges and accepts its designation, appointment and empowerment by Ultimate Parent,
Intermediate Parent, the Borrower and each other Loan Party (other than Actavis) as their designee, appointee and agent to receive, accept and acknowledge for and on their behalf of, and in respect of their property, service of any and all legal
process, summons, notices and documents that may be served in any suit, action or proceeding brought in connection with or as a result of this Agreement, the other Loan Documents, the Loans made to the Borrower hereunder and the other transactions
contemplated hereby. 
 (c) In the event Ultimate Parent, Intermediate Parent, the Borrower or any other Loan Party or any of their
respective property shall have or hereafter acquire, in any jurisdiction in which any action, proceeding or investigation may at any time be brought in connection with or as a result of this Agreement, the other Loan Documents, the Loans made to the
Borrower hereunder and the other transactions contemplated hereby, any immunity from jurisdiction, legal proceedings, attachment (whether before or after judgment), execution, judgment or setoff, each of Ultimate Parent, Intermediate Parent, the
Borrower and each other Loan Party hereby agrees not to claim, and hereby irrevocably and unconditionally waives, such immunity. 

[Signature pages follow] 

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

					
	ACTAVIS PLC, as Ultimate Parent
		
	by	 	 /s/ Stephen M. Kaufhold

		 	Name:	 	Stephen M. Kaufhold
		 	Title:	 	Senior Vice President, Treasurer
	
	WARNER CHILCOTT LIMITED, as Intermediate Parent
		
	by	 	 /s/ Claire Gilligan

		 	Name:	 	Claire Gilligan
		 	Title:	 	Director
	
	ACTAVIS CAPITAL S.À R.L., as Borrower
		
	by	 	 /s/ Stephen M. Kaufhold

		 	Name:	 	Stephen M. Kaufhold
		 	Title:	 	Authorized Signatory
		
	by	 	 /s/ Patrick van Denzen

		 	Name:	 	Patrick van Denzen
		 	Title:	 	Class B Manager
	
	ACTAVIS, INC., as a Subsidiary Guarantor
		
	by	 	 /s/ Stephen M. Kaufhold

		 	Name:	 	Stephen M. Kaufhold
		 	Title:	 	Senior Vice President, Treasurer

  

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 
					
		 	ACTAVIS FUNDING SCS, as a Subsidiary Guarantor, a société en commandite simple organized under the laws of the Grand-Duchy of Luxembourg, having its registered office at 46A, avenue J.F. Kennedy,
L-1855 Luxembourg, Grand-Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under number B 187.310 and having a share capital of $20,000,
		
		 	 Represented by Actavis International Holding S.à r.l., a société à responsabilité
limitée incorporated under the laws of the Grand-Duchy of Luxembourg, having its registered office 6, rue Jean Monnet, L-2180 Luxembourg, Grand-Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under
number B 172.484 and having a share capital of $75,764, in its capacity as general partner of Actavis Funding SCS.

			
		 		 	Itself represented by:
		
	by	 	 /s/ Maurice Mulders

		 	Name:	 	Maurice Mulders
		 	Title:	 	Class A Manager and Authorized Signatory
		
	by	 	 /s/ Patrick van Denzen

		 	Name:	 	Patrick van Denzen
		 	Title:	 	Class B Manager and Authorized Signatory

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

					
	 JPMORGAN CHASE BANK, N.A.,

individually and as Administrative Agent,

		
	        by	 	 /s/ Helene P. Sprung

		 	Name:	 	Helene P. Sprung
		 	Title:	 	Senior Vice President

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

  

					
	Name of Institution: Mizuho Bank, Ltd.
		
	        by	 	 /s/ Bertram H. Tang

		 	Name:	 	Bertram H. Tang
		 	Title:	 	Authorized Signatory
	
	For any Lender requiring a second signature block:
		
	        by	 	  

		 	Name:	 	
		 	Title:	 	

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Wells Fargo Bank, National Association:
		
	        by	 	 /s/ Kirk Tesch

		 	Name:	 	Kirk Tesch
		 	Title:	 	Managing Director

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Name of Institution: BARCLAYS BANK PLC
		
	        by	 	 /s/ Ritam Bhalla

		 	Name:	 	Ritam Bhalla
		 	Title:	 	Director

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

 
					
	Name of Institution: BNP Paribas
		
	        by	 	 /s/ Brendan Heneghan

		 	Name:	 	Brendan Heneghan
		 	Title:	 	Director
	
	For any Lender requiring a second signature block:
		
	        by	 	 /s/ Nicole Rodriguez

		 	Name:	 	Nicole Rodriguez
		 	Title:	 	Vice President

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

 
					
	Name of Institution: HSBC Bank USA, N.A.
		
	        by	 	 /s/ Nick Lotz

		 	Name:	 	Nick Lotz
		 	Title:	 	Senior Vice President

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Name of Institution: Sumitomo Mitsui Banking Corporation
		
	        by	 	 /s/ David W. Kee

		 	Name:	 	David W. Kee
		 	Title:	 	Managing Director

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Name of Institution: TD Bank, N.A.
		
	        by	 	 /s/ Shivani Agarwal

		 	Name:	 	Shivani Agarwal
		 	Title:	 	Senior Vice President

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Name of Institution: The Bank of Tokyo Mitsubishi UFJ, Ltd.
		
	        by	 	 /s/ Jamie Sussman

		 	Name:	 	Jamie Sussman
		 	Title:	 	VP

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	The Royal Bank of Scotland plc
		
	        by	 	 /s/ Tracy Rahn

		 	Name:	 	Tracy Rahn
		 	Title:	 	Director

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	CITIBANK, N.A.
		
	        by	 	 /s/ Laura Fogarty

		 	Name:	 	Laura Fogarty
		 	Title:	 	Vice President

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	DNB CAPITAL LLC
		
	        by	 	 /s/ Kristie Li

		 	Name:	 	Kristie Li
		 	Title:	 	First Vice President
	
	For any Lender requiring a second signature block:
		
	        by	 	 /s/ Bjørn E. Hammerstad

		 	Name:	 	Bjørn E. Hammerstad
		 	Title:	 	Senior Vice President

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Name of Institution: LLOYDS BANK PLC
		
	        by	 	 /s/ Stephen Giacolone

		 	Name:	 	Stephen Giacolone
		 	Title:	 	Assistant Vice President – G011
	
	For any Lender requiring a second signature block:
		
	        by	 	 /s/ Daven Popat

		 	Name:	 	Daven Popat
		 	Title:	 	Senior Vice President – P003

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	THE BANK OF NOVA SCOTIA
		
	        by	 	 /s/ Michelle C. Phillips

		 	Name:	 	Michelle C. Phillips
		 	Title:	 	Director & Execution Head

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Australia and New Zealand Banking Group Limited
		
	        by	 	 /s/ Hayden McNamara

		 	Name:	 	Hayden McNamara
		 	Title:	 	Chief Operating Officer

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Compass Bank:
		
	        by	 	 /s/ Michael Dixon

		 	Name:	 	Michael Dixon
		 	Title:	 	Senior Vice President

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Name of Institution: CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
		
	        by	 	 /s/ Amy Trapp

		 	Name:	 	Amy Trapp
		 	Title:	 	Managing Director
		
	        by	 	 /s/ John Bosco

		 	Name:	 	John Bosco
		 	Title:	 	Director

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Name of Institution: FIFTH THIRD BANK
		
	        by	 	 /s/ Vera B. McEvoy

		 	Name:	 	Vera B. McEvoy
		 	Title:	 	Vice President

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	MORGAN STANLEY BANK, N.A.
		
	        by	 	 /s/ Michael King

		 	Name:	 	Michael King
		 	Title:	 	Authorized Signatory

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Name of Institution: PNC Bank, National Association
		
	        by	 	 /s/ Edward J. Starace

		 	Name:	 	Edward J. Starace
		 	Title:	 	Senior Vice President
	
	For any Lender requiring a second signature block:
		
	        by	 	  

		 	Name:	 	
		 	Title:	 	

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	US BANK NATIONAL ASSOCIATION:
		
	        by	 	 /s/ Michael West

		 	Name:	 	Michael West
		 	Title:	 	Vice President

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Name of Institution: AZB Funding 5
		
	        by	 	 /s/ Hiroshi Matsumoto

		 	Name:	 	Hiroshi Matsumoto
		 	Title:	 	Deputy General Manager
	
	For any Lender requiring a second signature block:
		
	        by	 	  

		 	Name:	 	
		 	Title:	 	

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Name of Institution: Bayerische Landesbank, New York Branch
		
	        by	 	 /s/ Rolf Siebert

		 	Name:	 	Rolf Siebert
		 	Title:	 	Executive Director
	
	For any Lender requiring a second signature block:
		
	        by	 	 /s/ Matthew DeCarlo

		 	Name:	 	Matthew DeCarlo
		 	Title:	 	Senior Director

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Name of Institution: State Bank of India, Los Angeles Agency
		
	        by	 	 /s/ Vijayalakshmi Muddu

		 	Name:	 	Vijayalakshmi Muddu
		 	Title:	 	VP & Head (Syndications)
	
	For any Lender requiring a second signature block:
		
	        by	 	  

		 	Name:	 	
		 	Title:	 	

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	SANTANDER BANK, N.A.:
		
	        by	 	 /s/ John W. Deegan

		 	Name:	 	John W. Deegan
		 	Title:	 	Executive Director

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Banco Santander, S.A., New York Branch
		
	        by	 	 /s/ Francisco De Lera

		 	Name:	 	Francisco De Lera
		 	Title:	 	General Manager
	
	Banco Santander, S.A., New York Branch
		
	        by	 	 /s/ Rita Walz-Cuccioli

		 	Name:	 	Rita Walz-Cuccioli
		 	Title:	 	 Executive Director

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	City National Bank
		
	        by	 	 /s/ Charles Hill

		 	Name:	 	Charles Hill
		 	Title:	 	Senior Vice President
	
	For any Lender requiring a second signature block:
		
	        by	 	  

		 	Name:	 	
		 	Title:	 	

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 SIGNATURE PAGE TO 

THE TERM LOAN CREDIT AND GUARANTY AGREEMENT OF 

ACTAVIS CAPITAL S.À R.L. 
  

					
	Name of Institution: Banco de Sabadell, S.A. – Miami Branch
		
	        by	 	 /s/ Maurici Llado

		 	Name:	 	Maurici Llado
		 	Title:	 	 Executive Director,
 Corporate & Investment
Banking Americas

  
 [Signature Page to
Actavis Term Loan Credit and Guaranty Agreement] 

 Schedule 2.01 

Commitments 
  

													
	 Lender
	  	Three Year
Commitment	 	  	Five Year
Commitment	 	  	Total
Commitments	 
	 JPMorgan Chase Bank, N.A.
	  	$	219,500,000	  	  	$	219,500,000	  	  	$	439,000,000	  
	 Mizuho Bank, Ltd.
	  	$	219,500,000	  	  	$	219,500,000	  	  	$	439,000,000	  
	 Wells Fargo Bank, National Association
	  	$	219,500,000	  	  	$	219,500,000	  	  	$	439,000,000	  
	 Barclays Bank PLC
	  	$	175,000,000	  	  	$	175,000,000	  	  	$	350,000,000	  
	 BNP Paribas
	  	$	175,000,000	  	  	$	175,000,000	  	  	$	350,000,000	  
	 HSBC Bank USA, N.A.
	  	$	175,000,000	  	  	$	175,000,000	  	  	$	350,000,000	  
	 Sumitomo Mitsui Banking Corporation
	  	$	175,000,000	  	  	$	175,000,000	  	  	$	350,000,000	  
	 TD Bank, N.A.
	  	$	175,000,000	  	  	$	175,000,000	  	  	$	350,000,000	  
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	175,000,000	  	  	$	175,000,000	  	  	$	350,000,000	  
	 The Royal Bank of Scotland plc
	  	$	175,000,000	  	  	$	175,000,000	  	  	$	350,000,000	  
	 Citibank, N.A.
	  	$	90,000,000	  	  	$	90,000,000	  	  	$	180,000,000	  
	 DNB Capital LLC
	  	$	90,000,000	  	  	$	90,000,000	  	  	$	180,000,000	  
	 Lloyds Bank
	  	$	90,000,000	  	  	$	90,000,000	  	  	$	180,000,000	  
	 The Bank of Nova Scotia
	  	$	90,000,000	  	  	$	90,000,000	  	  	$	180,000,000	  
	 Australia and New Zealand Banking Group Limited
	  	$	50,000,000	  	  	$	50,000,000	  	  	$	100,000,000	  
	 Compass Bank
	  	$	50,000,000	  	  	$	50,000,000	  	  	$	100,000,000	  
	 Credit Agricole Corporate and Investment Bank
	  	$	50,000,000	  	  	$	50,000,000	  	  	$	100,000,000	  
	 Fifth Third Bank
	  	$	50,000,000	  	  	$	50,000,000	  	  	$	100,000,000	  
	 Morgan Stanley Bank, N.A.
	  	$	50,000,000	  	  	$	50,000,000	  	  	$	100,000,000	  
	 PNC Bank, National Association
	  	$	50,000,000	  	  	$	50,000,000	  	  	$	100,000,000	  
	 U.S. Bank National Association
	  	$	50,000,000	  	  	$	50,000,000	  	  	$	100,000,000	  
	 AZB Funding 5
	  	$	37,500,000	  	  	$	37,500,000	  	  	$	75,000,000	  
	 Bayerische Landesbank, New York Branch
	  	$	37,500,000	  	  	$	37,500,000	  	  	$	75,000,000	  
	 State Bank of India, Los Angeles Agency
	  	$	25,000,000	  	  	$	25,000,000	  	  	$	50,000,000	  
	 Santander Bank, N.A.
	  	$	0	  	  	$	50,000,000	  	  	$	50,000,000	  
	 Banco Santander, S.A., New York Branch
	  	$	50,000,000	  	  	$	0	  	  	$	50,000,000	  
	 City National Bank
	  	$	5,000,000	  	  	$	5,000,000	  	  	$	10,000,000	  
	 Banco de Sabadell, S.A., Miami Branch
	  	$	1,500,000	  	  	$	1,500,000	  	  	$	3,000,000	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total:
	  	$	2,750,000,000	  	  	$	2,750,000,000	  	  	$	5,500,000,000	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

 Schedule 5.06 

Litigation 
 None. 

 Schedule 5.15 

Subsidiaries 
  

			
	Name	  	Jurisdiction of Incorporation
		
	Actavis (MEEA) FZE (UAE)	  	United Arab Emirates
	Actavis GmbH	  	Austria
	Forest Laboratories Osterreich GmbH	  	Austria
	Actavis Pharma Pty Ltd. (f/k/a Watson Pharma Pty Ltd)	  	Australia
	Actavis Pty Ltd (f/k/a/ Ascent Pharmaceuticals Pty Ltd)	  	Australia
	Ascent Australia Pty Ltd	  	Australia
	Ascent Pharmahealth Pty Ltd	  	Australia
	Eremad Pty Ltd.	  	Australia
	Medis Pharma Pty Ltd. (f/k/a Spirit Pharmaceuticals Pty Ltd)	  	Australia
	Warner Chilcott Australia Pty. Ltd.	  	Australia
	Willow Pharmaceuticals (Australia) Pty Ltd.	  	Australia
	Ascent Pharma Pty Ltd.	  	Australia
	Axcan Pharma (Australia) Pty Ltd	  	Australia
	Gastro Services Pty Ltd	  	Australia
	Estetra SPRL	  	Belgium
	Femalon SPRL	  	Belgium
	Odyssea Pharma SPRL	  	Belgium
	Uteron Pharma Operations SPRL	  	Belgium
	Uteron Pharma SPRL	  	Belgium
	Uteron Pharma Technologies SPRL	  	Belgium
	Warner Chilcott Pharmaceuticals B.V.B.A.	  	Belgium
	Actavis EAD	  	Bulgaria
	Actavis Operations EOOD	  	Bulgaria
	Balkanpharma Dubnitza AD*	  	Bulgaria – 98.05%
	Balkanpharma Securitiy EOOD	  	Bulgaria
	Balkanpharma Troyan AD*	  	Bulgaria -98.32%
	Opening Pharma Bulgaria EOOD	  	Bulgaria
	Schein Pharmaceutical Ltd	  	Bermuda
	Warner Chilcott Holdings Company II, Limited	  	Bermuda
	Warner Chilcott Holdings Company III, Limited	  	Bermuda
	Warner Chilcott Limited	  	Bermuda
	Actavis Farmaceutica LTDA (f/k/a Arrow Farmaceutica LTDA)	  	Brazil
	Actavis Canada Company (f/k/a Arrow Pharmaceuticals)	  	Canada
	Actavis Pharma Company (f/k/a Cobalt Ph. & Arrow Ph. OTC)	  	Canada
	Aptalis Pharma Canada, ULC	  	Canada
	Aptalis Pharma Export, Inc.	  	Canada
	3242038 Nova Scotia Company	  	Canada
	3948587 Canada Inc.	  	Canada
	Abri Pharmaceuticals Company	  	Canada
	Biozymes Inc.	  	Canada
	Forest Laboratories Canada Inc.	  	Canada
	FRX Churchill Canada ULC	  	Canada
	Warner Chilcott Canada Co.	  	Canada
	Actavis Specialty Pharmaceuticals (f/k/a Watson Pharma Co)	  	Canada
	Actavis S.a.r.l. Steinhausen branch	  	Switzerland
	Actavis Switzerland AG	  	Switzerland
	Oncopharma AG	  	Switzerland
	Warner Chilcott Pharmaceuticals S.Ã .r.l.	  	Switzerland

			
	Marrow Pharmaceuticals Research & Development Co Ltd.	  	China
	Med All Enterprise (Shanghai) Co. Ltd.	  	China / Shanghai
	Actavis (Cyprus) Ltd.	  	Cyprus
	Balkanpharma Healthcare International (Cyprus) Ltd.	  	Cyprus
	Paomar Plc.	  	Cyprus
	Actavis CZ a.s.	  	Czech Republic
	Forest Laboratories Denmark APS	  	Denmark
	Actavis Holding Germany GmbH	  	Germany
	Medis Pharma GmbH	  	Germany
	Warner Chilcott Deutschland GmbH	  	Germany
	Actavis A/S	  	Denmark
	Actavis Nordic A/S	  	Denmark
	Arrow Group ApS	  	Denmark
	Arrow Pharma ApS	  	Denmark
	Colotech A/S	  	Denmark
	Medis-Danmark A/S	  	Denmark
	Arrow ApS	  	Denmark
	Warner Chilcott Iberia S.L.U.	  	Spain
	Actavis OY (Finland)	  	Finland
	Aptalis Pharma SAS	  	France
	Axcan France (Invest) SAS	  	France
	Eurand France S.A.S.	  	France
	Forest Laboratories France S.A.S.	  	France
	Medis Pharma France SAS	  	France
	S.C.I. La Prévôté	  	France
	Warner Chilcott France SAS	  	France
	Actavis Holdings UK II Ltd.	  	UK
	Actavis Holdings UK Ltd.	  	UK
	Actavis UK Ltd.	  	UK
	Arrow Generics Ltd.	  	UK
	Arrow No7 Ltd.	  	UK
	Bowmed Ltd.	  	UK
	Breath Limited	  	UK
	Chilcott UK Limited	  	UK
	Durata Therapeutics Limited	  	UK
	Eden Biodesign Ltd.	  	UK
	Eden Biopharm Group Ltd.	  	UK
	Eden Biopharm Ltd.	  	UK
	Actavis Isle of Man Ltd.	  	Isle of Man
	Milbook (NI) Limited	  	UK
	Nicobrand Limited	  	UK
	PB North America	  	UK
	Warner Chilcott Acquisition Limited	  	UK
	Warner Chilcott Pharmaceuticals UK Limited	  	UK
	Warner Chilcott Research Laboratories Limited	  	UK
	Warner Chilcott UK Limited	  	UK
	WC Pharmaceuticals I Limited	  	Gibraltar
	WC Pharmaceuticals II Limited	  	Gibraltar
	Aptalis Pharma GmbH	  	Germany
	Forest Laboratories Deutschland GmbH	  	Germany
	Alet SA	  	Greece
	Specifar SA	  	Greece
	Arrow Pharma HK Ltd.	  	Hong Kong
	Ascent Pharmahealth Hong Kong Ltd.	  	Hong Kong
	Actavis Hong Kong Limited	  	Hong Kong

			
	Actavis Hungary Kft	  	Hungary
	PT Actavis Indonesia	  	Indonesia
	Actavis Ireland Holding Limited	  	Ireland
	Actavis Ireland Ltd.	  	Ireland
	Forest Laboratories Holdings Ltd.	  	Ireland
	Forest Laboratories Ireland Ltd	  	Ireland
	Forest Laboratories Limited	  	Ireland
	Forest Laboratories Services Limited	  	Ireland
	Forest Tosara Ltd.	  	Ireland
	Ireland Actavis Finance Limited	  	Ireland
	Tosara Exports Ltd.	  	Ireland
	Aptalis Pharma Ltd.	  	Ireland
	Selamine Ltd.	  	Ireland
	Warner Chilcott (Ireland) Limited	  	Ireland
	Warner Chilcott Intermediate (Ireland) Limited	  	Ireland
	Warner Chilcott plc	  	Ireland
	Arrow Blue Ltd*	  	Israel – 50.1%
	Actavis Pharma Development Centre Pvt Ltd.	  	India
	Actavis Pharma Private Ltd.	  	India
	Lotus Laboratories Private Ltd.	  	India
	Watson Pharma Private Ltd. - Mumbai	  	India
	Actavis ehf	  	Iceland
	Actavis Group ehf	  	Iceland
	Actavis Group PTC ehf	  	Iceland
	Actavis Pharma Holding 4 ehf (APH4)	  	Iceland
	Actavis Pharma Holding 5 ehf (APH5)	  	Iceland
	Medis ehf	  	Iceland
	Actavis Italy S.p.A.	  	Italy
	Aptalis Pharma S.r.l.	  	Italy
	Forest Laboratories Italy S.R.L.	  	Italy
	Warner Chilcott Italy S.r.l.	  	Italy
	Actavis KK	  	Japan
	UAB Actavis Baltic	  	Lithuania
	UAB Actavis Baltic Estonia Branch	  	Estonia
	UAB Actavis Baltic Latvia Branch	  	Latvia
	Actavis Acquisition 1 S.a.r.l. (f/k/a Watson PhS. a r.l.)	  	Luxembourg
	Actavis Acquisition 1 S.a.r.l. Irish Branch	  	Ireland
	Actavis Acquisition 2 S.a.r.l. (f/k/a Watson Ph Actavis S. a r.l.)	  	Luxembourg
	Actavis Capital S.a.r.l.(f/k/a Actavis WC Holding S. a r.l.)	  	Luxembourg
	Actavis Finance S.a.r.l.	  	Luxembourg
	Actavis Holding 2 S.a.r.l. (f/k/a WatsonPhHldg 2 S.a r.l.)	  	Luxembourg
	Actavis International Holding S.a.r.l. (f/k/aWatsonPhHldg.)	  	Luxembourg
	Actavis Luxembourg International S. a r.l.	  	Luxembourg
	Actavis Pharma Holding S.a.r.l. (f/k/a WatsonPharma S.a r.l.)	  	Luxembourg
	Actavis WC 1 S.a r.l. (f/k/a WC Luxembourg S. a r.l.)	  	Luxembourg
	Actavis WC 2 S.a r.l. (f/k/a WC Luxco S.aÂ r.l.)	  	Luxembourg
	Actavis WC 3 S.a r.l. (f/k/a WC Luxco Holdings S.aÂ r.l. )	  	Luxembourg
	Actavis, Inc. II SCS	  	Luxembourg
	Actavis, Inc. SCS (f/k/a Watson Pharmaceuticals, Inc. SCS)	  	Luxembourg
	Actavis S.a.r.l.	  	Luxembourg
	Actavis Finance S.a r.l. Co.	  	Luxembourg
	Actavis Malta Ltd.	  	Malta
	Actavis Export International Ltd.	  	Malta
	Actavis International Ltd.	  	Malta
	Actavis Ltd.	  	Malta

			
	Arrow International Ltd.	  	Malta
	Arrow Pharma (Malta) Ltd.	  	Malta
	Arrow Pharmaceutical Holdings Ltd.	  	Malta
	Arrow Supplies Ltd.	  	Malta
	Little John Ltd.	  	Malta
	Robin Hood Holdings Ltd.	  	Malta
	Marrow Holdings Ltd.	  	Malta
	Arrow Laboratories Ltd.	  	Malta
	Actavis S. de R.L. de C.V.	  	Mexico
	Actavis Pharma S. de R.L. de C.V. (f/k/a WatsonPh. S. de RL de CV)	  	Mexico
	Watson Laboratories S. de R.L. de C.V.	  	Mexico
	Actavis Sdn. Bhd (f/k/a Ascent PharmahealthMalaysiaSdn.)	  	Malaysia
	Actavis Dutch Holding BV	  	Netherlands
	Actavis Holding Asia BV	  	Netherlands
	Actavis Holding BV	  	Netherlands
	Actavis Holding CEE BV	  	Netherlands
	Actavis Holding NWE BV	  	Netherlands
	AHI C.V.	  	Netherlands
	Aptalis Holding B.V.	  	Netherlands
	Aptalis Netherlands B.V.	  	Netherlands
	Durata Therapeutics Holding CV	  	Netherlands
	Durata Therapeutics International BV	  	Netherlands
	FL Holding C.V.	  	Netherlands
	Forest Finance B.V.	  	Netherlands
	Forest Pharma B.V.	  	Netherlands
	GM Invest BV	  	Netherlands
	PharmaPack International BV	  	Netherlands
	Arrow Pharma Holdings BV	  	Netherlands
	Warner Chilcott Nederland BV	  	Netherlands
	Actavis Norway A/S	  	Norway
	Arrow Pharma AS	  	Norway
	Actavis New Zealand Limited (f/k/a Arrow Pharm (NZ) Ltd)	  	New Zealand
	Spirit Pharmaceuticals NZ Pty Ltd.	  	New Zealand
	Actavis Polska Sp. z.o.o.	  	Poland
	Biovena Pharma Sp. z.o.o.	  	Poland
	Arrow Poland SA	  	Poland
	Warner Chilcott Company, LLC	  	Puerto Rico
	Anda Puerto Rico, Inc	  	Puerto Rico
	Actavis A/S Sucursal Portugal Branch	  	Portugal
	Arrowblue Productos Farmaceuticos SA	  	Portugal
	Actavis SRL	  	Romania
	Sindan Pharma SRL	  	Romania
	Actavis d.o.o. Belgrade	  	Serbia
	Zdravlje AD	  	Serbia
	Zdravlje Trade d.o.o.	  	Serbia
	Open Pharma LLC	  	Russia
	LLC Actavis	  	Russia
	Actavis AB	  	Sweden
	Actavis Holding AB	  	Sweden
	Arrow Lakemedel AB	  	Sweden
	Recept Pharma RP AB	  	Sweden
	Actavis Asia Pacific Pte. Ltd.	  	Singapore
	Ascent Pharmahealth Asia Pte Ltd	  	Singapore
	Drug House of Australia Pte Ltd	  	Singapore
	Actavis S.r.o.	  	Slovak Republic

			
	Forest Laboratories Spain, SL	  	Spain
	Forest Laboratories Switzerland GmbH	  	Switzerland
	Varioraw Percutive Sàrl	  	Switzerland
	Silom Medical Co., Ltd	  	Thailand
	Silom Medical International Co., Ltd.	  	Thailand
	Actavis Istanbul Ilac Sanayive Ticaret Ltd. Sirketi	  	Turkey
	Actavis Ilaclari AS	  	Turkey
	International Generics Co. Ltd.	  	Taiwan
	Actavis Ukraine LLC	  	Ukraine
	Forest Laboratories UK Ltd.	  	UK
	Pharmax Holding Ltd.	  	UK
	Aptalis Pharma UK Limited	  	UK
	MPEX London Ltd.	  	UK
	Actavis Elizabeth, LLC	  	US - Delaware
	Actavis Kadian LLC	  	US - Delaware
	Actavis LLC	  	US - Delaware
	Actavis Mid Atlantic, LLC	  	US - Delaware
	Actavis Pharma Inc.(f/k/a Watson Pharma, Inc.)	  	US - Delaware
	Actavis South Atlantic, LLC	  	US - Delaware
	Actavis Totowa LLC	  	US - Delaware
	Actavis US Holding LLC	  	US - Delaware
	Actavis W.C. Holding Inc.	  	US - Delaware
	Actavis, Inc.	  	US - Nevada
	AHI CV HoldCo, LLC	  	US-Delaware
	APBI Holdings, LLC	  	US- North Carolina
	Aptalis Holdings, Inc.	  	US-Delaware
	Aptalis Pharma US, Inc.	  	US-Delaware
	Aptalis Pharmatech, Inc.	  	US- Nevada
	Axcan EU LLC	  	US-Delaware
	Ancirc Pharmaceuticals	  	US - New York
	Anda Inc.	  	US - Florida
	Anda Marketing, Inc.	  	US - Florida
	Anda Pharmaceuticals, Inc.	  	US - Florida
	Anda Veterinary Supply Inc.	  	US - Florida
	Andrx Corporation	  	US - Delaware
	Andrx Laboratories (NJ)	  	US - Delaware
	Andrx Labs LLC	  	US - Delaware
	Andrx Pharmaceuticals (Mass), Inc.	  	US - Florida
	Andrx Pharmaceuticals (NC) Equipment LLC	  	US - Delaware
	Andrx Pharmaceuticals (NC), Inc.	  	US - Florida
	Andrx Pharmaceuticals Equipment #1, LLC	  	US - Florida
	Andrx Pharmaceuticals Sales and Marketing, Inc.	  	US - Florida
	Andrx Pharmaceuticals, LLC	  	US - Delaware
	Andrx South Carolina I, Inc.	  	US - South Carolina
	Cerexa Inc.	  	US - Delaware
	Circa Pharmaceuticals West, Inc.	  	US - California
	Circa Sub	  	US - New York
	Cobalt Laboratories LLC	  	US - Delaware
	Commack Properties, Inc.	  	US - Delaware
	Coventry Acquisition, LLC	  	US - Delaware
	Cybear, LLC	  	US - Delaware
	Del Mar Indemnity Co. Inc.	  	US - Hawaii
	Development Partners, LLC	  	US- Delaware
	Dogwood Pharmaceuticals, Inc.	  	US - Delaware
	Durata Therapeutics, Inc.	  	US - Delaware

			
	Durata Therapeutics US, Limited	  	US - Delaware
	Eden Biodesign Inc.	  	US - Delaware
	FL Cincinnati I Inc.	  	US- Delaware
	FLI International LLC	  	US- Delaware
	Forest Laboratories Products Corp.	  	US-Delaware
	Forest Laboratories, LLC	  	US- Delaware
	Forest Pharmaceuticals, Inc.	  	US- Delaware
	Forest Research Institute, Inc.	  	US- New Jersey
	FRX Churchill DE LLC	  	US- Delaware
	FRX Churchill Holdings, Inc.	  	US- Delaware
	Genupro, LLC	  	US- North Carolina
	Inwood Laboratories, Incorporated	  	US- New York
	Makoff R&D Laboratories, Inc.	  	US - California
	Marsam Pharma, LLC	  	US - Delaware
	MPEX Pharmaceuticals Inc.	  	US-Delaware
	MSI, Inc	  	US - Delaware
	Natrapac Inc.	  	US - Utah
	R&D Ferriecit Capital Resources, Inc.	  	US - California
	R&D New Media Services Inc.	  	US - California
	R&D Pharmaceutical, Inc.	  	US - California
	R&D Research & Development Corp.	  	US - California
	Royce Laboratories, Inc.	  	US - Florida
	Royce Research & Development Limited Partnership I	  	US - Florida
	Royce Research Group, Inc.	  	US - Florida
	Rugby Laboratories, Inc.	  	US - New York
	RxAPS, Inc.	  	US - Florida
	Schein Bayer Pharmaceutical Services, Inc.	  	US - Delaware
	Schein Pharmaceutical International, Inc.	  	US - Delaware
	SR Six, Inc.	  	US - Florida
	The Rugby Group, Inc.	  	US - New York
	Valmed Pharmaceuticals, Inc.	  	US - New York
	Vicuron Pharmaceuticals, Inc.	  	US - Delaware
	Warner Chilcott (US), LLC	  	US - Delaware
	Warner Chilcott Corporation	  	US - Delaware
	Warner Chilcott Finance LLC	  	US - Delaware
	Warner Chilcott Leasing Equipment Inc.	  	US - Delaware
	Warner Chilcott Sales (US), LLC	  	US - Delaware
	Watson Cobalt Holdings, LLC	  	US - Delaware
	Watson Diagnostics Inc.	  	US - Delaware
	Watson Laboratories Inc. (Connecticut)	  	US - Connecticut
	Watson Laboratories Inc. (Corona)	  	US - Nevada
	Watson Laboratories Inc. Ohio	  	US - New York
	Watson Laboratories LLC	  	US - Delaware
	Watson Laboratories, Inc. (Arizona)	  	US - Delaware
	Watson Laboratories, Inc. (Copiague)	  	US - New York
	Watson Laboratories, Inc. (Salt Lake City)	  	US - Delaware
	Watson Laboratories, Inc. Florida	  	US - Florida
	Watson Management Corporation	  	US - Florida
	Watson Manufacturing Services, Inc.	  	US - Delaware
	Watson Pharmaceuticals (NJ) Inc.	  	US - Delaware
	Watson Therapeutics, Inc.	  	US - Florida
	Actavis Puerto Rico Holdings, Inc.	  	US- Delaware
	Tango US Holdings Inc.	  	US- Delaware
	Seeker Investments Limited	  	British Virgin Islands
	Soosysoo Ltd.	  	British Virgin Islands

			
	Watson Pharmaceuticals (Asia) Ltd.	  	British Virgin Islands
	Watson Pharmaceuticals China Limited	  	British Virgin Islands
	Watson Pharmaceuticals International Ltd.	  	British Virgin Islands
	WP Holdings Ltd.	  	British Virgin Islands
	Arrow Pharma Tender (Pty) Ltd.	  	South Africa
	Pharmascript Pharmaceuticals Ltd.*	  	South Africa – 60%
	Referral-Net (Pty) Ltd.	  	South Africa
	Scriptpharm Marketing (Pty) Ltd.	  	South Africa
	Scriptpharm Risk Management (Pty) Ltd.	  	South Africa
	Spear Pharmaceuticals (Pty) Ltd.	  	South Africa
	Watson Pharma (Pty) Ltd.	  	South Africa
	Watson Pharma Holdings South Africa (Pty) Ltd.	  	South Africa
	Watson Pharma No 1 (Pty) Ltd.	  	South Africa
	Zelphy 1308 (Pty) Ltd.	  	South Africa
	Makewhey Products (Pty) Ltd.	  	South Africa
	Furiex Pharmaceuticals, Inc.	  	US - New Jersey
	Avocado Acquisition Inc.	  	US - Delaware

 Other than the entities indicated above, all other Subsidiaries are 100% owned by Actavis plc and its Subsidiaries. 

 Schedule 5.20 

Existing Third Party Indebtedness 
  

											
	 	  	 Agreement
	  	 Issuer(s) /

Borrower(s)
	  	 Guarantor(s)
	  	 Facility/ Notes
	  	 Original

Principal

Amount

	1.	  	Actavis Revolving Credit and Guaranty Agreement dated as December 17, 2014	  	Actavis Capital S.a.r.l.	  	 Actavis plc
  

Warner Chilcott Ltd
  

Actavis, Inc.
  

Actavis Funding SCS
	  	Revolving Credit Facility	  	$1,000,000,000 of commitments
						
	2.	  	Third Amended and Restated Actavis Term Loan Credit and Guaranty Agreement dated as December 17, 2014	  	Actavis Capital S.a.r.l.	  	 Actavis plc (Tranche A-1 only)
  

Warner Chilcott Ltd
  

Actavis, Inc.
  

Actavis Funding SCS
	  	Term Credit Facility (Tranche A-1 and A-2)	  	 $1,800,000,000 (Tranche A-1)
  

$2,000,000,000 (Tranche A-2)

						
	3.	  	Second Amended and Restated WC Term Loan Credit and Guaranty Agreement dated as December 17, 2014	  	 Warner Chilcott Corporation,
  

Actavis WC 2 S.à r.l.
  

Warner Chilcott Company, LLC
	  	 Actavis plc
  

Warner Chilcott Ltd
  

Warner Chilcott Finance, LLC
	  	Term Credit Facility	  	$2,000,000,000
						
	4.	  	Actavis Bridge Loan Credit and Guaranty Agreement dated as December 17, 2014	  	Actavis Capital S.a.r.l.	  	 Warner Chilcott Ltd
  

Actavis, Inc.
  

Actavis Funding SCS
	  	Bridge Credit Facility	  	$30,900,000,000 of commitments
						
	5.	  	Actavis Term Loan Credit and Guaranty Agreement dated as December 17, 2014	  	Actavis Capital S.a.r.l.	  	 Warner Chilcott Ltd
  

Actavis, Inc.
  

Actavis Funding SCS
	  	Term Credit Facility	  	$5,500,000,000 of commitments
						
	6.	  	Indenture	  	Actavis, Inc.	  	Actavis plc	  	1.875% Senior Notes due 2017	  	$1,200,000,000

											
	 	  	 Agreement
	  	 Issuer(s) /

Borrower(s)
	  	 Guarantor(s)
	  	 Facility/ Notes
	  	 Original

Principal

Amount

	7.	  	Indenture	  	Actavis, Inc.	  	Actavis plc	  	6.125% Senior Notes due 2019	  	$400,000,000
						
	8.	  	Indenture	  	Actavis, Inc.	  	Actavis plc	  	3.250% Senior Notes due 2022	  	$1,700,000,000
						
	9.	  	Indenture	  	Actavis, Inc.	  	Actavis plc	  	4.625% Senior Notes due 2042	  	$1,000,000,000
						
	10.	  	Indenture	  	Actavis Funding SCS	  	 Warner Chilcott Ltd,
  

Actavis, Inc.
  

Actavis Capital S.a.r.l.
	  	1.300% Senior Notes due 2017	  	$500,000,000
						
	11.	  	Indenture	  	Actavis Funding SCS	  	 Warner Chilcott Ltd,
  

Actavis, Inc.
  

Actavis Capital S.a.r.l.
	  	2.450% Senior Notes due 2019	  	$500,000,000
						
	12.	  	Indenture	  	Actavis Funding SCS	  	 Warner Chilcott Ltd,
  

Actavis, Inc.,
  

Actavis Capital S.a.r.l.
	  	3.850% Senior Notes due 2024	  	$1,200,000,000
						
	13.	  	Indenture	  	Actavis Funding SCS	  	 Warner Chilcott Ltd,
  

Actavis, Inc.
  

Actavis Capital S.a.r.l.
	  	4.850% Senior Notes due 2044	  	$1,500,000,000

											
	 	  	 Agreement
	  	 Issuer(s) /

Borrower(s)
	  	 Guarantor(s)
	  	 Facility/ Notes
	  	 Original

Principal

Amount

	14.	  	Indenture	  	Forest Laboratories, LLC	  	Actavis plc	  	4.375% Senior Notes due 2019	  	$1,050,000,000
						
	15.	  	Indenture	  	Forest Laboratories, LLC	  	Actavis plc	  	4.875% Senior Notes due 2021	  	$750,000,000
						
	16.	  	Indenture	  	Forest Laboratories, LLC	  	Actavis plc	  	5.000% Senior Notes due 2021	  	$1,200,000,000

 Schedule 7.01 

Existing Liens 
 Subsidiaries of Ultimate
Parent have incurred Liens in connection with various finance leases. The total aggregate USD equivalent amount outstanding is $18.5 million. 

 Schedule 7.02 

Existing Indebtedness 
 In addition to the
Indebtedness described below, Intermediate Parent incorporates by reference the Indebtedness disclosed in (a) Items 6 – 16 of Schedule 5.20 hereto and (b) Ultimate Parent’s Form 10-Q for the period ended September 30,
2014, filed with the SEC on November 5, 2014 (other than the WC Term Loan Credit Agreement and the Existing Actavis Term Loan Credit Agreement). 
  

	1.	Multicurrency Group Account System Agreement (International Cash Pool Agreement) dated 22 January 2009 between, amongst others, Actavis Group PTC ehf (as Parent) and DNB NOR Bank ASA (as Bank) and Multicurrency
Overdraft Facility dated 26 January 2007 (as amended on 9 March 2007, 28 March 2008 and 1 October 2012) between Actavis Group PTC ehf and DNB NOR Bank ASA for a collective principal amount of €15 million. 

 

	2.	Subsidiaries of Ultimate Parent have incurred various finance leases. The total aggregate USD equivalent amount outstanding is $18.5 million. 

 

	3.	Actavis is party to a Reimbursement Agreement between Actavis and DNB Bank ASA dated January 4, 2013 in relation to certain Letters of Credit issues at the request of Actavis or Actavis Group hf and/or any
Actavis’ subsidiaries. The USD equivalent outstanding is $5,014,294. 

  

	4.	Uteron Pharma, SA has incurred third party debt in the form of grants and finance leases for equipment. The total aggregate USD equivalent amount outstanding is $5,079,348. 

 

	5.	Letters of credit issued by Bank of America, N.A. with a total outstanding face amount of $6,935,886. 

 Schedule 11.02 

Administrative Agent’s Office; Certain Addresses for Notices 

LOAN PARTIES: 
 c/o Actavis, Inc. 

Morris Corporate Center III 
 400 Interpace Parkway 

Parsippany, NJ 07054 
 Attention: Chief Legal Officer and
Secretary 
 Facsimile No: (862) 261-8043 
 Website
Address: www.actavis.com 
 With a copy to: 
 c/o Actavis,
Inc. 
 Morris Corporate Center III 
 400 Interpace Parkway 

Parsippany, NJ 07054 
 Attention: Stephen M. Kaufhold 

Telephone: (862) 261-8274 
 Facsimile No: (862) 261-7940

 E-Mail: stephen.kaufhold@actavis.com 
 Website Address:
www.actavis.com 
 ADMINISTRATIVE AGENT OFFICE: 

JPMorgan Chase Bank, N.A. 
 10 South Dearborn, Floor L2 

Chicago IL, 60603-2300 
 Attention: Ladesiree Williams 

Phone: (312) 732-2007 
 Facsimile No: (888) 303-9732

 With a copy to 
 JPMorgan Chase Bank, N.A. 

270 Park Avenue, 43rd Floor 
 New York, New York 10017 

Attention: Philip Mousin 
 Telecopy No.: (917) 464-6999 

 Exhibit A 

to the Actavis Term Loan Credit and Guaranty Agreement 

[FORM OF] 
 ASSIGNMENT AND
ASSUMPTION 
 This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth
below and is entered into by and between the Assignor identified in item 1 below (the “Assignor”) and the Assignee identified in item 2 below (the “Assignee”). Capitalized terms used but not defined herein shall
have the meanings given to them in the Credit Agreement identified below (as amended, amended and restated, supplemented, extended and/or otherwise modified from time to time, the “Credit Agreement”), receipt of a copy of which is
hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto (the “Standard Terms”) are hereby agreed to and incorporated herein by reference and made a part of this Assignment and
Assumption as if set forth herein in full. 
 For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the
Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated
below, (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest
identified below of all of such outstanding rights and obligations of the Assignor under the facility identified below and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right
of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed
thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold
and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by the Assignor to the Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as the
“Assigned Interest”). Each such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 

  
 A-1 

					
	1.	  	Assignor:	  	  

			
		  		  	  

			
	2.	  	Assignee:	  	  

			
		  		  	  

		  		  	[indicate [Affiliate] [Approved Fund] of [identify Lender]]
		
	3.	  	Borrower: Actavis Capital S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand-Duchy of
Luxembourg.
		
	4.	  	Administrative Agent: JPMorgan Chase Bank, N.A.
		
	5.	  	Credit Agreement: Actavis Term Loan Credit and Guaranty Agreement, dated as of December 17, 2014, among Actavis plc, a public limited company incorporated under the laws of Ireland, Warner Chilcott Limited, a
Bermuda exempted company, Actavis Capital S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand-Duchy of Luxembourg, Actavis,
Inc., a Nevada corporation, Actavis Funding SCS, a limited partnership (société en commandite simple) organized under the laws of the Grand-Duchy of Luxembourg, each Lender from time to time party thereto and JPMorgan Chase
Bank, N.A., as Administrative Agent.
		
	6.	  	Assigned Interest[s]:1

  

													
	 Facility Assigned
	  	Aggregate
Commitments/
Loans for all
Lenders2	 	  	Amount of
Commitment/
Loans
Assigned	 	  	Percentage
Assigned of Aggregate
Commitments/
Loans3	 
	 Three Year Commitments/Three Year Loans
	  	$	            	  	  	$	            	  	  	 	    	% 
	 Five Year Commitments/Five Year Loans
	  	$	            	  	  	$	            	  	  	 	    	% 

  

					
	[7.	  	Trade Date:    ]4

 Effective Date:             , 20     [TO BE
INSERTED BY THE ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The Assignee, if
not already a Lender, agrees to deliver to the Administrative Agent a completed Administrative Questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain MNPI) will be made
available and who may receive 
  

	1 	Must comply with the minimum assignment amounts set forth in Section 11.06(b)(i)(B) of the Credit Agreement, to the extent such minimum assignment amounts are applicable. 

	2 	Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

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

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

  
 A-2 

 
such information in accordance with the Assignee’s compliance procedures and applicable law, including federal and state securities laws. 

[Signature pages follow] 

  
 A-3 

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

 

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Consented to and Accepted:
	
	[JPMORGAN CHASE BANK, N.A., as
	Administrative Agent]5
		
	By:	 	  

		 	Name:
		 	Title:
	
	[Consented to:     ]6
	
	ACTAVIS PLC
		
	By:	 	  

		 	Name:
		 	Title:

  

	5 	To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	6 	To be added only if the consent of Ultimate Parent is required by the terms of the Credit Agreement. 

  
 A-4 

 ANNEX 1 

TO ASSIGNMENT AND ASSUMPTION 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 

1.1. Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned
Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and
to consummate the transactions contemplated hereby, and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, other
than statements, warranties or representations made by it herein, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents, (iii) the financial condition of Ultimate Parent, any of its
Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by Ultimate Parent, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations
under any Loan Document. 
 1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and
authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to
be an assignee under Sections 11.06(b)(iii) and 11.06(v) of the Credit Agreement (subject to such consents, if any, as may be required under Section 11.06(b)(iii) of the Credit Agreement), (iii) from and after the
Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to
acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received
and/or had the opportunity to review a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements of Ultimate Parent and its Subsidiaries (as defined in the Credit
Agreement) delivered pursuant to Section 6.01 thereof (or, prior to the first such delivery, the financial statements referred to in Section 5.05(a)), as applicable, and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest, (vi) it has independently and without reliance upon Ultimate Parent, any of its Subsidiaries or other
Affiliates, the Administrative Agent, any Arranger or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase
the Assigned Interest, and (vii) attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by it; and (b) agrees that (i) it will, independently and
without reliance upon Ultimate Parent, any of its Subsidiaries or other Affiliates, the Administrative Agent, any Arranger, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under the Loan Documents, (ii) it appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit
Agreement and the other Loan Documents as are delegated to or otherwise conferred upon the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto and (iii) it will perform in accordance with
their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

  
 A-5 

 2. Payments. From and after the Effective Date, the Administrative Agent shall make all
payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued
from and after the Effective Date. 
 3. Effect of Assignment. Upon the delivery of a fully executed copy of this Assignment and
Assumption to the Administrative Agent, as of the Effective Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent of the Assigned Interest and as provided in this Assignment and Assumption, have the rights and
obligations of a Lender thereunder and under the other Loan Documents and (b) the Assignor shall, to the extent provided in this Assignment and Assumption and the Credit Agreement, relinquish its rights and be released from its obligations
under the Credit Agreement and the other Loan Documents to the extent of the Assigned Interest. 
 4. General Provisions. This
Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts (and by different parties
hereto on different counterparts), which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by facsimile or other electronic transmission (including “.pdf”
and “.tif”) shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the laws of the State of New York. 

  
 A-6 

 Exhibit B 

to the Actavis Term Loan Credit and Guaranty Agreement 

[FORM OF] 
 COMPLIANCE CERTIFICATE

 Reference is made to the Actavis Term Loan Credit and Guaranty Agreement, dated as of December 17, 2014, among Actavis plc, a public
limited company incorporated under the laws of Ireland (“Ultimate Parent”), Warner Chilcott Limited, a Bermuda exempted company, Actavis Capital S.à r.l., a private limited liability company (société
à responsabilité limitée) incorporated under the laws of the Grand-Duchy of Luxembourg (the “Borrower”), Actavis, Inc., a Nevada corporation, Actavis Funding SCS, a limited partnership
(société en commandite simple) organized under the laws of the Grand-Duchy of Luxembourg, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as amended, restated, extended,
supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. Pursuant to
Section 6.02(a) of the Credit Agreement, the undersigned, in his/her capacity as a Responsible Officer of Ultimate Parent, certifies as follows: 

1. [Attached hereto as Exhibit [A] is a consolidated balance sheet of Ultimate Parent and its Subsidiaries as of December 31, 20[—], and the related consolidated statements of operations, comprehensive income and cash flows for such Fiscal Year, setting forth in each case in comparative form the figures for the previous Fiscal
Year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of PricewaterhouseCoopers LLP or another independent public registered accounting firm of recognized national standing, which report
and opinion was prepared in accordance with audit standards of the Public Company Accounting Oversight Board and is not subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of
such audit or with respect to the absence of material misstatement in accordance with GAAP.] 
 2. [Attached hereto as Exhibit [B] is
a consolidated balance sheet of Ultimate Parent and its Subsidiaries as of [—], 20[—], and the related consolidated statements of operations,
comprehensive income and cash flows for such fiscal quarter and for the portion of the Fiscal Year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous Fiscal Year and the
corresponding portion of the previous Fiscal Year, all in reasonable detail and prepared in accordance with GAAP. Such financial statements fairly present, in all material respects, the consolidated financial condition of Ultimate Parent and its
Subsidiaries as of the end of such fiscal quarter and the consolidated results of their operations and cash flows for such periods, subject only to normal year-end audit adjustments and the absence of footnotes.] 

3. At no time during the period between [—] and
[—] (the “Certificate Period”) did a Default occur, and on the date hereof no Default exists. [If unable to provide the foregoing certification, fully describe the reasons therefor
and circumstances thereof and any action taken or proposed to be taken with respect thereto (including the delivery of a “Notice of Intent to Cure” concurrently with delivery of this Compliance Certificate) on Annex A attached
hereto.] 
 4. The following represent true and accurate calculations, as of the last day of the Certificate Period, to be used to determine
whether Ultimate Parent is in compliance with the Consolidated Leverage Ratio covenant set forth in Section 7.08 of the Credit Agreement: 
  

			
	Consolidated Total Debt:	  	[—]
	Consolidated EBITDA:	  	[—]

  
 B-1 

			
	Actual Consolidated Leverage Ratio:	  	[—] to 1.00
	Required Consolidated Leverage Ratio:	  	[—] to 1.00

 Supporting detail showing the calculation of Consolidated Total Debt is attached hereto as Schedule 1.
Supporting detail showing the calculation of Consolidated EBITDA is attached hereto as Schedule 2. 
 IN WITNESS WHEREOF, the
undersigned, in his/her capacity as a Responsible Officer of Ultimate Parent, has executed this certificate for and on behalf of Ultimate Parent and has caused this certificate to be delivered this      day of
             20    . 
  

			
	ACTAVIS PLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-2 

 [ANNEX A]1 

[Information Relating to Default] 

 

	1 	Annex A to be attached only if required pursuant to paragraph 3. 

  
 B-3 

 SCHEDULE 1 

Calculation of Consolidated Total Debt 

  
 B-4 

 SCHEDULE 2 

Calculation of Consolidated EBITDA 

  
 B-5 

 Exhibit C 

to the Actavis Term Loan Credit and Guaranty Agreement 

[FORM OF] LOAN NOTICE 

Date:            , 20     

To: JPMorgan Chase Bank, N.A., as Administrative Agent 
 Ladies
and Gentlemen: 
 Reference is made to the Actavis Term Loan Credit and Guaranty Agreement, dated as of December 17, 2014, among
Actavis plc, a public limited company incorporated under the laws of Ireland, Warner Chilcott Limited, a Bermuda exempted company, Actavis Capital S.à r.l., a private limited liability company (société à
responsabilité limitée) incorporated under the laws of the Grand-Duchy of Luxembourg (the “Borrower”), Actavis, Inc., a Nevada corporation, Actavis Funding SCS, a limited partnership (société en
commandite simple) organized under the laws of the Grand-Duchy of Luxembourg, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as amended, restated, extended, supplemented or otherwise modified
from time to time, the “Credit Agreement”). 
 The Borrower hereby requests (select one): 

 ̈ A Borrowing of Loans 

 

	 	1.	Request for [Three Year Borrowing][Five Year Borrowing]. 

  

	 	2.	The date of the Borrowing is                     .1

  

	 	3.	[The requested Pre-Funding Date is             , 20    .2] 

 

	 	4.	[The anticipated Closing Date is             , 20    .3] 

 

	 	5.	The aggregate principal amount of the Borrowing is $        . 

  

	 	6.	The initial Type of requested Loans initially is [Base Rate Loans][Eurodollar Rate Loans].4 

 

	 	7.	The initial Interest Period is                      [month[s]]5.

  

	 	8.	The Borrowing is to be credited to the Borrower at [                    ], ABA
#[                    ], Account
#[                    ],
Attention:[                    ].6 

 ̈ A conversion or continuation of Loans 

 

	 	1.	[Three Year Borrowing][Five Year Borrowing] to which this request applies: 

  

					
	Principal Amount:	 	  
	 	
	Type:	 	  
	 	
	Interest Period7:	 	  
	 	

  

	1 	Must be a Business Day. 

	2 	Include if Pre-Funding is requested. Must be a Business Day. 

	3 	Include if Pre-Funding is requested. Must be a Business Day. 

	4 	Must be a Base Rate Loan if a Pre-Funding is requested. 

	5 	For Eurodollar Rate Loans only. To be a period permitted under the definition of “Interest Period” in the Credit Agreement. 

	6 	Must be an account located in New York City, Switzerland or another jurisdiction acceptable to the Administrative Agent. 

  
 C-1 

					
	 2.      Effective date of this election:8
	 	  
	 	
			
	 3.      Resulting Borrowing[s]9
	 		 	
	 Principal Amount10:
	 	  
	 	
	 Type11
	 	  
	 	
	 Interest Period12
	 	  
	 	

  

			
	ACTAVIS CAPITAL S.À R.L.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

	7 	In the case of a Eurodollar Rate Borrowing, specify the last day of the current Interest Period therefor. 

	8 	Must be a Business Day. 

	9 	If different options are being elected with respect to different portions of the Borrowing, provide the information required by this item 3 for each resulting Borrowing. 

	10 	Indicate the principal amount of the resulting Borrowing and the percentage of the Borrowing in item 1 above. 

	11 	Must comply with the Borrowing Minimum/Borrowing Multiple requirements set forth in Section 2.02(a) of the Credit Agreement. 

	12 	Applicable only if the resulting Borrowing is to be a Eurodollar Rate Borrowing. To be a period permitted under the definition of “Interest Period” in the Credit Agreement. 

  
 C-2 

 Exhibit D 

to the Actavis Term Loan Credit and Guaranty Agreement 

[FORM OF] 
 NOTE 

 

			
	LENDER: [            ]	  	            , 20    
	PRINCIPAL AMOUNT: [$]	  	

 FOR VALUE RECEIVED, Actavis Capital S.à r.l., a private limited liability company
(société à responsabilité limitée) incorporated under the laws of the Grand-Duchy of Luxembourg (the “Borrower”), hereby promises to pay to
                     or its registered assigns (the “Lender”), in accordance with the provisions of the Credit Agreement (as
hereinafter defined), the principal sum of [amount in words] ($[        ]) or, if less, the aggregate unpaid principal amount of all [Three Year Loans][Five Year Loans] made by the Lender to the Borrower under
that certain Actavis Term Loan Credit and Guaranty Agreement, dated as of December 17, 2014, among Actavis plc, a public limited company incorporated under the laws of Ireland, Warner Chilcott Limited, a Bermuda exempted company, the Borrower,
Actavis, Inc., a Nevada corporation, Actavis Funding SCS, a limited partnership (société en commandite simple) organized under the laws of the Grand-Duchy of Luxembourg, the Lenders from time to time party thereto and JPMorgan
Chase Bank, N.A., as Administrative Agent (as amended, restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”). 

The Borrower promises to pay interest on the unpaid principal amount of each [Three Year Loan][Five Year Loan] made by the Lender from the
date such Loan is made until such principal amount is paid in full, at such interest rates and at such times as provided in the Credit Agreement. All payments of principal and interest shall be made to the Administrative Agent for the account of the
Lender in US Dollars in Same Day Funds to such account of the Administrative Agent as shall have been specified by it. If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due
date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Credit Agreement. 

This Note is one of the Notes referred to in the Credit Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part
subject to the terms and conditions provided therein. Upon the occurrence and continuation of one or more of the Events of Default specified in the Credit Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to
be, immediately due and payable all as provided in the Credit Agreement. [Three Year Loans][Five Year Loans] made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business.
The Lender may also attach schedules to this Note and endorse thereon the date, amount, currency and maturity of its [Three Year Loans][Five Year Loans] and payments with respect thereto; provided that the failure of the Lender to attach such
schedules or endorse them shall not affect the obligations of the Borrower hereunder or under the Credit Agreement. 
 The Borrower, for
itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Note. 

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

 

			
	ACTAVIS CAPITAL S.À R.L.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 D-1 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

															
	 Date
	  	Class
of
Loans	  	Type of
Loan
Made	  	Amount
of
Loan
Made	  	End of
Interest
Period	  	Amount
of
Principal
or
Interest
Paid
This Date	  	Outstanding
Principal
Balance
This Date	  	Notation
Made By
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	

  
 D-2 

 Exhibit E 

to the Actavis Term Loan Credit and Guaranty Agreement 

[FORM OF] 
 SUBSIDIARY GUARANTOR
COUNTERPART AGREEMENT 
 This SUBSIDIARY GUARANTOR COUNTERPART AGREEMENT is entered into as of
[            ], [        ] (this “Agreement”), between
[                    ], a [                    ]
(the “New Subsidiary Guarantor”), and JPMORGAN CHASE BANK, N.A., as Administrative Agent under the Credit Agreement referred to below. 

Reference is made to (a) the Actavis Term Loan Credit and Guaranty Agreement, dated as of December 17, 2014, among Actavis plc, a
public limited company incorporated under the laws of Ireland, Warner Chilcott Limited, a Bermuda exempted company, Actavis Capital S.à r.l., a private limited liability company (société à responsabilité
limitée) incorporated under the laws of the Grand-Duchy of Luxembourg (the “Borrower”), Actavis, Inc., a Nevada corporation, Actavis Funding SCS, a limited partnership (société en commandite simple)
organized under the laws of the Grand-Duchy of Luxembourg, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as amended, restated, extended, supplemented or otherwise modified in writing from time to
time, the “Credit Agreement”) and (b) the Obligations Guarantee set forth in Article IX of the Credit Agreement. Capitalized terms defined in the Credit Agreement and not otherwise defined herein are used herein as
therein defined. 
 The Guarantors have provided the Obligations Guarantee in order to induce the Lenders to extend credit to the Borrower.
The Credit Agreement provides that additional Subsidiaries of Ultimate Parent may become Subsidiary Guarantors under the Obligations Guarantee by execution and delivery of an instrument in the form of this Agreement. The New Subsidiary Guarantor is
executing this Agreement to become a Subsidiary Guarantor under the Credit Agreement in order to induce the Lenders to make additional extensions of credit under the Credit Agreement and as consideration for the maintenance of such extensions of
credit previously made. 
 Accordingly, the New Subsidiary Guarantor and the Administrative Agent agree as follows: 

Section 1. Obligations Guarantee. Pursuant to Section 6.12 of the Credit Agreement, the New Subsidiary Guarantor
hereby: 
 (a) agrees that this Agreement may be attached to the Credit Agreement and that upon the execution and delivery
hereof, the New Subsidiary Guarantor becomes a party to, and a Subsidiary Guarantor, under the Credit Agreement and the Obligations Guarantee set forth in Article IX thereof and agrees to be bound by all of the terms thereof that are
applicable to Subsidiary Guarantors; and 
 (b) makes, as to itself, each of the representations and warranties set forth in
Sections 5.01, 5.02, 5.03, 5.14, 5.16[,][and] 5.04[, 5.21, 5.22 and 5.23]1 of the Credit Agreement. 

Section 2. Further Assurances. The New Subsidiary Guarantor agrees to take all such actions and execute and deliver, or cause to
be executed and delivered, such further documents as it is required to pursuant to Section 6.12 of the Credit Agreement. 

 

	1 	Insert if New Subsidiary Guarantor is a Foreign Subsidiary. 

  
 E-1 

 Section 3. Counterparts; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which will constitute an original, but all of which when taken together will constitute a single contract. This Agreement shall become effective as to the New
Subsidiary Guarantor when a counterpart hereof executed on behalf of the New Subsidiary Guarantor shall have been delivered to the Administrative Agent and a counterpart hereof shall have been executed on behalf of the Administrative Agent, and
thereafter shall be binding upon the New Subsidiary Guarantor and the Administrative Agent and their respective permitted successors and assigns, and shall inure to the benefit of the New Subsidiary Guarantor, the Administrative Agent and the other
Guaranteed Parties and their respective successors and assigns, except that the New Subsidiary Guarantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein (and any such assignment or transfer
shall be void) except as expressly provided in the Credit Agreement. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic transmission (including “pdf” or “tif”) will be
effective as delivery of a manually executed counterpart of this Agreement. 
 Section 4. Amendments. Neither this Agreement nor
any term hereof may be changed, waived, discharged or terminated, except as provided pursuant to the Credit Agreement. 
 Section 5.
Notices. Any notice or other communication to the New Subsidiary Guarantor required or permitted to be given shall be given pursuant to Section 11.02 of the Credit Agreement, and for all purposes thereof, the notice address, fax
number, telephone number or electronic mail address of the New Subsidiary Guarantor shall be as set forth on the signature page hereof, subject to any change thereto in accordance with Section 11.02(d) of the Credit Agreement. 

Section 6. Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable, (a) the
legality, validity and enforceability of the remaining provisions of this Agreement will not be affected or impaired thereby and (b) the parties will endeavor in good faith negotiations to replace the illegal, invalid or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction will not invalidate or render
unenforceable such provision in any other jurisdiction. 
 Section 7. Governing Law; Jurisdiction; Etc. 

(a) Governing Law. THIS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

(b) Submission to Jurisdiction. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION,
LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST ANY GUARANTEED PARTY OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
RELATING HERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY, AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND THE NEW SUBSIDIARY
GUARANTOR IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. THE NEW SUBSIDIARY GUARANTOR 

  
 E-2 

 
AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING WILL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING
IN THIS AGREEMENT WILL AFFECT ANY RIGHT THAT ANY GUARANTEED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AGAINST THE NEW SUBSIDIARY GUARANTOR OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION FOR THE
PURPOSE OF ENFORCEMENT OF A JUDGMENT. 
 (c) Waiver of Venue. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY COURT REFERRED TO IN SECTION 7(B). THE NEW SUBSIDIARY
GUARANTOR HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d) Service of Process. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION
5 HEREOF. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY GUARANTEED PARTY TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

(e) Waiver of Jury Trial. EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). THE NEW SUBSIDIARY
GUARANTOR (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTY HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS TO WHICH IT IS A PARTY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

[Signature Page Follows] 

  
 E-3 

 IN WITNESS WHEREOF, the New Subsidiary Guarantor and the Administrative Agent have duly executed
this Agreement as of the day and year first above written. 
  

									
		 	[NAME OF NEW SUBSIDIARY GUARANTOR]
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	
		 		 		 	Title:	 	

  

							
			
		 		 	Address for notices:
			
		 		 	  

		 		 	  

		 		 	  

		 		 	Attention:	 	
		 		 	Facsimile:	 	
		 		 	Telephone:	 	
				
		 		 	with a copy to:	 	
			
		 		 	  

		 		 	  

		 		 	  

		 		 	Attention:	 	
		 		 	Facsimile:	 	
		 		 	Telephone:	 	

  

									
	JPMORGAN CHASE BANK, N.A., as Administrative Agent,
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	
		 		 		 	Title:	 	

  
 E-4 

 Exhibit F-1 

to the Actavis Term Loan Credit and Guaranty Agreement 

[FORM OF] U.S. TAX COMPLIANCE CERTIFICATE 

(FOR FOREIGN LENDERS THAT ARE NOT PARTNERSHIPS FOR U.S. FEDERAL INCOME TAX PURPOSES) 

Reference is made to the Actavis Term Loan Credit and Guaranty Agreement, dated as of December 17, 2014, among Actavis plc, a public
limited company incorporated under the laws of Ireland, Warner Chilcott Limited, a Bermuda exempted company, Actavis Capital S.à r.l., a private limited liability company (société à responsabilité
limitée) incorporated under the laws of the Grand-Duchy of Luxembourg (the “Borrower”), Actavis, Inc., a Nevada corporation, Actavis Funding SCS, a limited partnership (société en commandite simple)
organized under the laws of the Grand-Duchy of Luxembourg, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as amended, restated, extended, supplemented or otherwise modified from time to time, the
“Credit Agreement”). 
 Pursuant to Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies
that (a) it is the sole record and beneficial owner of the Loans (as well as any Notes evidencing such Loans) in respect of which it is providing this certificate, (b) it is not a bank within the meaning of Section 881(c)(3)(A) of the
Code, (c) it is not a ten-percent shareholder of the Borrower or Ultimate Parent within the meaning of Section 871(h)(3)(B) of the Code and (d) it is not a controlled foreign corporation related to the Borrower or Ultimate Parent as
described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Administrative Agent and the Borrower with a
certificate of its non-U.S. Person status on IRS Form W-8BEN or W-8BEN-E (or successor form). By executing this certificate, the undersigned agrees that (a) if the information provided on this certificate changes, the undersigned shall promptly
so inform the Borrower and the Administrative Agent in writing, and (b) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the
calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
  

			
	[NAME OF LENDER],
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Date:             , 20    

  
 F-1 

 Exhibit F-2 

to the Actavis Term Loan Credit and Guaranty Agreement 

[FORM OF] U.S. TAX COMPLIANCE CERTIFICATE 

(FOR FOREIGN PARTICIPANTS THAT ARE NOT PARTNERSHIPS FOR U.S. FEDERAL INCOME TAX PURPOSES) 

Reference is made to the Actavis Term Loan Credit and Guaranty Agreement, dated as of December 17, 2014, among Actavis plc, a public
limited company incorporated under the laws of Ireland, Warner Chilcott Limited, a Bermuda exempted company, Actavis Capital S.à r.l., a private limited liability company (société à responsabilité
limitée) incorporated under the laws of the Grand-Duchy of Luxembourg (the “Borrower”), Actavis, Inc., a Nevada corporation, Actavis Funding SCS, a limited partnership (société en commandite simple)
organized under the laws of the Grand-Duchy of Luxembourg, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as amended, restated, extended, supplemented or otherwise modified from time to time, the
“Credit Agreement”). 
 Pursuant to Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies
that (a) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (b) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (c) it is not a
ten-percent shareholder of the Borrower or Ultimate Parent within the meaning of Section 871(h)(3)(B) of the Code, and (d) it is not a controlled foreign corporation related to the Borrower or Ultimate Parent as described in
Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person
status on IRS Form W-8BEN or W-8BEN-E (or successor form). By executing this certificate, the undersigned agrees that (a) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing,
and (b) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two
calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have
the meanings given to them in the Credit Agreement. 
  

			
	[NAME OF PARTICIPANT],
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Date:             , 20    

  
 F-2 

 Exhibit F-3 

to the Actavis Term Loan Credit and Guaranty Agreement 

[FORM OF] U.S. TAX COMPLIANCE CERTIFICATE 

(FOR FOREIGN PARTICIPANTS THAT ARE PARTNERSHIPS FOR U.S. FEDERAL INCOME TAX PURPOSES) 

Reference is made to the Actavis Term Loan Credit and Guaranty Agreement, dated as of December 17, 2014, among Actavis plc, a public
limited company incorporated under the laws of Ireland, Warner Chilcott Limited, a Bermuda exempted company, Actavis Capital S.à r.l., a private limited liability company (société à responsabilité
limitée) incorporated under the laws of the Grand-Duchy of Luxembourg (the “Borrower”), Actavis, Inc., a Nevada corporation, Actavis Funding SCS, a limited partnership (société en commandite simple)
organized under the laws of the Grand-Duchy of Luxembourg, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as amended, restated, extended, supplemented or otherwise modified from time to time, the
“Credit Agreement”). 
 Pursuant to Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies
that (a) it is the sole record owner of the participation in respect of which it is providing this certificate, (b) its direct or indirect partners/members are the sole beneficial owners of such participation, (c) with respect such
participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of
Section 881(c)(3)(A) of the Code, (d) none of its direct or indirect partners/members is a ten-percent shareholder of the Borrower or Ultimate Parent within the meaning of Section 871(h)(3)(B) of the Code and (e) none of its
direct or indirect partners/members is a controlled foreign corporation related to the Borrower or Ultimate Parent as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its
partners/members that is claiming the portfolio interest exemption: (a) an IRS Form W-8BEN or W-8BEN-E (or successor form) or (b) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or W-8BEN-E (or successor form) from each of such
partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (i) if the information provided on this certificate changes, the undersigned shall
promptly so inform such Lender in writing and (ii) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to
the undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the
Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
  

			
	[NAME OF PARTICIPANT],
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Date:             , 20    

  
 F-3 

 Exhibit F-4 

to the Actavis Term Loan Credit and Guaranty Agreement 

[FORM OF] U.S. TAX COMPLIANCE CERTIFICATE 

(FOR FOREIGN LENDERS THAT ARE PARTNERSHIPS FOR U.S. FEDERAL INCOME TAX PURPOSES) 

Reference is made to the Actavis Term Loan Credit and Guaranty Agreement, dated as of December 17, 2014, among Actavis plc, a public
limited company incorporated under the laws of Ireland, Warner Chilcott Limited, a Bermuda exempted company, Actavis Capital S.à r.l., a private limited liability company (société à responsabilité
limitée) incorporated under the laws of the Grand-Duchy of Luxembourg (the “Borrower”), Actavis, Inc., a Nevada corporation, Actavis Funding SCS, a limited partnership (société en commandite simple)
organized under the laws of the Grand-Duchy of Luxembourg, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as amended, restated, extended, supplemented or otherwise modified from time to time, the
“Credit Agreement”). 
 Pursuant to Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies
that (a) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (b) its direct or indirect partners/members are the sole beneficial owners of such
Loan(s) (as well as any Note(s) evidencing such Loan(s)), (c) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a
bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (d) none of its direct or indirect partners/members is a ten-percent
shareholder of the Borrower or Ultimate Parent within the meaning of Section 871(h)(3)(B) of the Code and (e) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower or Ultimate Parent as
described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Administrative Agent and the Borrower with IRS Form
W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (a) an IRS Form W-8BEN or W-8BEN-E (or successor form) or (b) an IRS Form W-8IMY accompanied by an IRS
Form W-8BEN or W-8BEN-E (or successor form) from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (i) if the information
provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent in writing, and (ii) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a
properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
  

			
	[NAME OF LENDER],
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Date:             , 20    

  
 F-4 

 Exhibit G 

to the Actavis Term Loan Credit and Guaranty Agreement 

[FORM OF] 
 OFFICER’S
CERTIFICATE 
 [            ], 20[    ] 

Reference is made to the Actavis Term Loan Credit and Guaranty Agreement, dated as of December 17, 2014, among Actavis plc, a public
limited company incorporated under the laws of Ireland (“Ultimate Parent”), Warner Chilcott Limited, a Bermuda exempted company, Actavis Capital S.à r.l., a private limited liability company (société
à responsabilité limitée) incorporated under the laws of the Grand-Duchy of Luxembourg (the “Borrower”), Actavis, Inc., a Nevada corporation, Actavis Funding SCS, a limited partnership
(société en commandite simple) organized under the laws of the Grand-Duchy of Luxembourg, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as amended, restated, extended,
supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. This Certificate
is being delivered pursuant to Section 4.02(a)(i) of the Credit Agreement, and may be relied on by the Lenders. 
 [Name],
[title] of Ultimate Parent, certifies in [his][her] capacity as a Responsible Officer of Ultimate Parent, and not in [his][her] individual capacity, that each of the conditions specified in Sections 4.02(b), 4.02(c), 4.02(d) and 4.02(e) of the
Credit Agreement has been satisfied on and as of the date hereof. 
 [signature page follows] 

  
 G-1 

 IN WITNESS WHEREOF, the undersigned has affixed [his][her] signature below as of the date first
written above. 
  

			
	ACTAVIS PLC
		
	By:	 	  

		 	Name:
		 	Title:

  
 G-2 

 Exhibit H 

to the Actavis Term Loan Credit and Guaranty Agreement 

[FORM OF] 
 SOLVENCY CERTIFICATE

 [—], 20[    ] 

The undersigned, [—], the [—]1 of Actavis plc, a public limited company incorporated under the laws of Ireland (“Ultimate Parent”), is familiar with the properties, businesses, assets and liabilities of Ultimate
Parent and is duly authorized to execute this certificate (this “Solvency Certificate”) on behalf of Ultimate Parent. 

This Solvency Certificate is delivered pursuant to Section 4.02(a)(ii) of the Actavis Term Loan Credit and Guaranty Agreement
dated as of December 17, 2014 (the “Credit Agreement”), among Ultimate Parent, Warner Chilcott Limited, a Bermuda exempted company, Actavis Capital S.à r.l., a private limited liability company
(société à responsabilité limitée) incorporated under the laws of the Grand-Duchy of Luxembourg (the “Borrower”), Actavis, Inc., a Nevada corporation, Actavis Funding SCS, a limited
partnership (société en commandite simple) organized under the laws of the Grand-Duchy of Luxembourg, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. Capitalized terms used but
not defined in this Solvency Certificate have the meanings assigned thereto in the Credit Agreement. As used herein, “Company” means Ultimate Parent and its subsidiaries on a consolidated basis. 

1. I, [—], hereby certify that I am the [—] of Ultimate Parent and that I am knowledgeable of the financial and accounting matters of the Company, the Credit Agreement and the covenants and representations (financial or otherwise) contained
therein and that, as such, I am authorized to execute and deliver this Solvency Certificate on behalf of Ultimate Parent. 

2. I hereby certify, on behalf of Ultimate Parent and not in my individual capacity, that I have made such investigation and
inquiries as to the financial condition of the Company as I deem necessary and prudent for the purposes of providing this Solvency Certificate. I acknowledge that the Administrative Agent and the Lenders are relying on the truth and accuracy of this
Solvency Certificate in connection with the making of Loans under the Credit Agreement. 
 3. I hereby certify, on behalf of
Ultimate Parent and not in my individual capacity, that (a) the financial information, projections and assumptions which underlie and form the basis for the representations made in this Solvency Certificate were made in good faith and were
based on assumptions reasonably believed by Ultimate Parent to be fair in light of the circumstances existing at the time made; and (b) for purposes of providing this Solvency Certificate, the amount of contingent liabilities has been computed
as the amount that, in the light of all the facts and circumstances existing as of the date hereof, represents the amount that can reasonably be expected to become an actual or matured liability. 

BASED ON THE FOREGOING, I hereby certify, on behalf of Ultimate Parent and not in my individual capacity, that, on the date hereof, before and
after giving effect to the Transactions (and the Loans made or to be made and other obligations incurred or to be incurred on the Closing Date): 

(i) the fair value of the property of the Company (including, for the avoidance of doubt, property consisting of the residual
equity value of the Company’s subsidiaries) is greater than the total amount of liabilities, including contingent liabilities, of the Company; 

 

	1 	To be executed by the chief executive officer, chief financial officer or treasurer of Ultimate Parent. 

  
 H-1 

 (ii) the present fair saleable value of the assets of the Company (including, for
the avoidance of doubt, property consisting of the residual equity value of the Company’s subsidiaries) is greater than the amount that will be required to pay the probable liability of the Company on the sum of its debts and other liabilities,
including contingent liabilities; 
 (iii) the Company has not, does not intend to, and does not believe (nor should it
reasonably believe) that it will, incur debts or liabilities beyond the Company’s ability to pay such debts and liabilities as they become due (whether at maturity or otherwise); 

(iv) the Company does not have unreasonably small capital with which to conduct the businesses in which it is engaged as such
businesses are now conducted (and reflected in the Projections (as defined in the Commitment Letter)) and are proposed to be conducted following the Closing Date; 

(v) the Company is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the
ordinary course of business; and 
 (vi) the Company is “solvent” within the meaning given to that term and similar
terms under the Bankruptcy Code of the United States and applicable Laws relating to fraudulent transfers and conveyances. 
 IN WITNESS
WHEREOF, the undersigned has executed this Solvency Certificate as of the first date written above, solely in [his][her] capacity as [—] of Ultimate Parent and not in [his][her] individual
capacity. 
  

			
	ACTAVIS PLC
		
	By:	 	  

		 	Name:
		 	Title:

  
 H-2EX-10.9

 Exhibit 10.9 
  

 
  

CREDIT AGREEMENT 
 Dated as of
January 31, 2014 
 among 

CBS OUTDOOR AMERICAS CAPITAL LLC 

and CBS OUTDOOR AMERICAS CAPITAL CORPORATION, 

as the Borrowers, 
 CITIBANK, N.A.,

 as Administrative Agent and Swing Line Lender, 

THE OTHER LENDERS PARTY HERETO FROM TIME TO TIME, 

CBS OUTDOOR AMERICAS INC. AND THE OTHER 

GUARANTORS PARTY HERETO FROM TIME TO TIME 

and 
 CITIGROUP GLOBAL MARKETS
INC., WELLS FARGO SECURITIES, LLC, and DEUTSCHE BANK SECURITIES INC., 
 as Joint Lead Arrangers 

 
  

CITIGROUP GLOBAL MARKETS INC., WELLS FARGO SECURITIES, LLC, DEUTSCHE BANK SECURITIES INC., GOLDMAN SACHS BANK USA, J.P. MORGAN SECURITIES LLC,
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED and MORGAN STANLEY MUFG LOAN PARTNERS, LLC 
 as Joint Book Runners 

 
  

WELLS FARGO BANK, N.A. and DEUTSCHE BANK SECURITIES INC. 

as Co-Syndication Agents 
  

 
 GOLDMAN SACHS
BANK USA, J.P. MORGAN SECURITIES LLC, BANK OF AMERICA, N.A. and MORGAN STANLEY MUFG LOAN PARTNERS, LLC 
 as Co-Documentation Agents 

 
  

 

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	Page	 
		
	ARTICLE I          Definitions and Accounting Terms	  	 	1	  
				
		 	Section 1.01.	 	Defined Terms	  	 	1	  
				
		 	Section 1.02.	 	Other Interpretive Provisions	  	 	51	  
				
		 	Section 1.03.	 	Accounting Terms; GAAP	  	 	51	  
				
		 	Section 1.04.	 	Rounding	  	 	52	  
				
		 	Section 1.05.	 	References to Agreements, Laws, Etc	  	 	52	  
				
		 	Section 1.06.	 	Times of Day	  	 	52	  
				
		 	Section 1.07.	 	Timing of Payment of Performance	  	 	52	  
				
		 	Section 1.08.	 	Pro Forma and Other Calculations	  	 	53	  
				
		 	Section 1.09.	 	Letter of Credit Amounts	  	 	54	  
		
	ARTICLE II        The Commitments and Credit Extensions	  	 	54	  
				
		 	Section 2.01.	 	The Loans	  	 	54	  
				
		 	Section 2.02.	 	Borrowings, Conversions and Continuations of Loans	  	 	55	  
				
		 	Section 2.03.	 	Letters of Credit	  	 	56	  
				
		 	Section 2.04.	 	Swing Line Loans	  	 	67	  
				
		 	Section 2.05.	 	Prepayments	  	 	70	  
				
		 	Section 2.06.	 	Termination or Reduction of Commitments	  	 	73	  
				
		 	Section 2.07.	 	Repayment of Loans	  	 	73	  
				
		 	Section 2.08.	 	Interest	  	 	74	  
				
		 	Section 2.09.	 	Fees	  	 	74	  
				
		 	Section 2.10.	 	Computation of Interest and Fees	  	 	75	  
				
		 	Section 2.11.	 	Evidence of Indebtedness	  	 	75	  
				
		 	Section 2.12.	 	Payments Generally	  	 	76	  
				
		 	Section 2.13.	 	Sharing of Payments	  	 	78	  
				
		 	Section 2.14.	 	Incremental Credit Extensions	  	 	79	  
				
		 	Section 2.15.	 	Refinancing Amendments	  	 	81	  
				
		 	Section 2.16.	 	Extension Offers	  	 	82	  
				
		 	Section 2.17.	 	Defaulting Lenders	  	 	84	  
		
	ARTICLE III       Taxes, Increased Costs Protection and Illegality	  	 	85	  
				
		 	Section 3.01.	 	Taxes	  	 	85	  
				
		 	Section 3.02.	 	Illegality	  	 	88	  
				
		 	Section 3.03.	 	Inability to Determine Rates	  	 	88	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	 	 	  	Page	 
				
		 	Section 3.04.	 	Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurodollar Rate Loans	  	 	89	  
				
		 	Section 3.05.	 	Funding Losses	  	 	90	  
				
		 	Section 3.06.	 	Matters Applicable to All Requests for Compensation	  	 	91	  
				
		 	Section 3.07.	 	Replacement of Lenders under Certain Circumstances	  	 	92	  
				
		 	Section 3.08.	 	Survival	  	 	93	  
		
	ARTICLE IV        Conditions Precedent to Credit Extensions	  	 	93	  
				
		 	Section 4.01.	 	Conditions to the Initial Credit Extensions	  	 	93	  
				
		 	Section 4.02.	 	Conditions to All Credit Extensions after the Closing Date	  	 	95	  
		
	ARTICLE V         Representations and Warranties	  	 	96	  
				
		 	Section 5.01.	 	Existence, Qualification and Power; Compliance with Laws	  	 	96	  
				
		 	Section 5.02.	 	Authorization; No Contravention	  	 	96	  
				
		 	Section 5.03.	 	Governmental Authorization; Other Consents	  	 	96	  
				
		 	Section 5.04.	 	Binding Effect	  	 	97	  
				
		 	Section 5.05.	 	Financial Statements; No Material Adverse Effect	  	 	97	  
				
		 	Section 5.06.	 	Litigation	  	 	97	  
				
		 	Section 5.07.	 	[Reserved]	  	 	97	  
				
		 	Section 5.08.	 	Ownership of Property; Liens	  	 	97	  
				
		 	Section 5.09.	 	Environmental Compliance	  	 	98	  
				
		 	Section 5.10.	 	Taxes	  	 	98	  
				
		 	Section 5.11.	 	ERISA Compliance	  	 	99	  
				
		 	Section 5.12.	 	Subsidiaries; Equity Interests	  	 	99	  
				
		 	Section 5.13.	 	Margin Regulations; Investment Company Act	  	 	99	  
				
		 	Section 5.14.	 	Disclosure	  	 	100	  
				
		 	Section 5.15.	 	OFAC and Patriot Act	  	 	100	  
				
		 	Section 5.16.	 	Intellectual Property; Licenses, Etc	  	 	100	  
				
		 	Section 5.17.	 	Solvency	  	 	101	  
				
		 	Section 5.18.	 	FCPA	  	 	101	  
				
		 	Section 5.19.	 	Security Documents	  	 	101	  
				
		 	Section 5.20.	 	Use of Proceeds	  	 	102	  
		
	ARTICLE VI        Affirmative Covenants	  	 	102	  
				
		 	Section 6.01.	 	Financial Statements	  	 	103	  

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	 	 	  	Page	 
				
		 	Section 6.02.	 	Certificates; Other Information	  	 	104	  
				
		 	Section 6.03.	 	Notices	  	 	105	  
				
		 	Section 6.04.	 	Payment of Taxes	  	 	105	  
				
		 	Section 6.05.	 	Preservation of Existence, Etc	  	 	106	  
				
		 	Section 6.06.	 	Maintenance of Properties	  	 	106	  
				
		 	Section 6.07.	 	Maintenance of Insurance	  	 	106	  
				
		 	Section 6.08.	 	Compliance with Laws	  	 	106	  
				
		 	Section 6.09.	 	Books and Records	  	 	107	  
				
		 	Section 6.10.	 	Inspection Rights	  	 	107	  
				
		 	Section 6.11.	 	Additional Collateral; Additional Guarantors	  	 	107	  
				
		 	Section 6.12.	 	Compliance with Environmental Laws	  	 	109	  
				
		 	Section 6.13.	 	Post-Closing Conditions and Further Assurances	  	 	110	  
				
		 	Section 6.14.	 	Designation of Subsidiaries	  	 	110	  
				
		 	Section 6.15.	 	[Reserved]	  	 	111	  
				
		 	Section 6.16.	 	Use of Proceeds	  	 	111	  
				
		 	Section 6.17.	 	Maintenance of Ratings	  	 	111	  
				
		 	Section 6.18.	 	Lender Calls	  	 	111	  
				
		 	Section 6.19.	 	REIT Status	  	 	111	  
		
	ARTICLE VII       Negative Covenants	  	 	112	  
				
		 	Section 7.01.	 	Liens	  	 	112	  
				
		 	Section 7.02.	 	Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock	  	 	116	  
				
		 	Section 7.03.	 	Fundamental Changes	  	 	121	  
				
		 	Section 7.04.	 	Dispositions	  	 	122	  
				
		 	Section 7.05.	 	Restricted Payments	  	 	125	  
				
		 	Section 7.06.	 	Investments	  	 	129	  
				
		 	Section 7.07.	 	Transactions with Affiliates	  	 	129	  
				
		 	Section 7.08.	 	Burdensome Agreements	  	 	131	  
				
		 	Section 7.09.	 	Financial Covenant	  	 	132	  
				
		 	Section 7.10.	 	Accounting Changes	  	 	133	  
				
		 	Section 7.11.	 	Change in Nature of Business	  	 	133	  
				
		 	Section 7.12.	 	Sale and Lease-Back Transactions	  	 	133	  

  
 iii 

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	 	 	  	Page	 
		
	ARTICLE VIII      Events Of Default and Remedies	  	 	133	  
				
		 	Section 8.01.	 	Events of Default	  	 	133	  
				
		 	Section 8.02.	 	Remedies Upon Event of Default	  	 	136	  
				
		 	Section 8.03.	 	Application of Funds	  	 	136	  
		
	ARTICLE IX        Administrative Agent and Other Agents	  	 	137	  
				
		 	Section 9.01.	 	Appointment and Authority	  	 	137	  
				
		 	Section 9.02.	 	Delegation of Duties	  	 	138	  
				
		 	Section 9.03.	 	Exculpatory Provisions	  	 	138	  
				
		 	Section 9.04.	 	Reliance by Administrative Agent	  	 	139	  
				
		 	Section 9.05.	 	Non-Reliance on Administrative Agent and Other Lenders	  	 	139	  
				
		 	Section 9.06.	 	Rights as a Lender	  	 	140	  
				
		 	Section 9.07.	 	Resignation of Administrative Agent	  	 	140	  
				
		 	Section 9.08.	 	Administrative Agent May File Proofs of Claim	  	 	141	  
				
		 	Section 9.09.	 	Collateral and Guaranty Matters	  	 	142	  
				
		 	Section 9.10.	 	No Other Duties, Etc	  	 	143	  
				
		 	Section 9.11.	 	Treasury Services Agreements and Secured Hedge Agreements	  	 	143	  
				
		 	Section 9.12.	 	Withholding Tax	  	 	144	  
		
	ARTICLE X         Miscellaneous	  	 	144	  
				
		 	Section 10.01.	 	Amendments, Etc	  	 	144	  
				
		 	Section 10.02.	 	Notices; Effectiveness; Electronic Communications	  	 	147	  
				
		 	Section 10.03.	 	No Waiver; Cumulative Remedies; Enforcement	  	 	149	  
				
		 	Section 10.04.	 	Expenses; Indemnity; Damage Waiver	  	 	149	  
				
		 	Section 10.05.	 	Payments Set Aside	  	 	151	  
				
		 	Section 10.06.	 	Successors and Assigns	  	 	152	  
				
		 	Section 10.07.	 	Treatment of Certain Information; Confidentiality	  	 	157	  
				
		 	Section 10.08.	 	Setoff	  	 	158	  
				
		 	Section 10.09.	 	Interest Rate Limitation	  	 	159	  
				
		 	Section 10.10.	 	Counterparts; Effectiveness	  	 	159	  
				
		 	Section 10.11.	 	Integration	  	 	159	  
				
		 	Section 10.12.	 	Survival of Representations and Warranties	  	 	160	  
				
		 	Section 10.13.	 	Replacement of Lenders	  	 	160	  
				
		 	Section 10.14.	 	Severability	  	 	161	  

  
 iv 

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	 	 	  	Page	 
				
		 	Section 10.15.	 	GOVERNING LAW	  	 	161	  
				
		 	Section 10.16.	 	WAIVER OF RIGHT TO TRIAL BY JURY	  	 	162	  
				
		 	Section 10.17.	 	Binding Effect	  	 	162	  
				
		 	Section 10.18.	 	No Advisory or Fiduciary Responsibility	  	 	163	  
				
		 	Section 10.19.	 	Lender Action	  	 	163	  
				
		 	Section 10.20.	 	USA Patriot Act	  	 	163	  
				
		 	Section 10.21.	 	Electronic Execution of Assignments and Certain Other Documents	  	 	164	  
				
		 	Section 10.22.	 	Joint and Several Liability of the Borrowers	  	 	164	  
		
	ARTICLE XI        Guarantee	  	 	166	  
				
		 	Section 11.01.	 	The Guarantee	  	 	166	  
				
		 	Section 11.02.	 	Obligations Unconditional	  	 	167	  
				
		 	Section 11.03.	 	Reinstatement	  	 	168	  
				
		 	Section 11.04.	 	Subrogation; Subordination	  	 	168	  
				
		 	Section 11.05.	 	Remedies	  	 	168	  
				
		 	Section 11.06.	 	Instrument for the Payment of Money	  	 	169	  
				
		 	Section 11.07.	 	Continuing Guarantee	  	 	169	  
				
		 	Section 11.08.	 	General Limitation on Guarantee Obligations	  	 	169	  
				
		 	Section 11.09.	 	Release of Guarantors	  	 	169	  
				
		 	Section 11.10.	 	Right of Contribution	  	 	170	  
				
		 	Section 11.11.	 	Subject to Intercreditor Agreement	  	 	170	  
				
		 	Section 11.12.	 	Keepwell	  	 	170	  
				
		 	Section 11.13.	 	Appointment of Parent as Representative of the Borrowers	  	 	170	  

  
 v 

					
	SCHEDULES
			
		  	1.01A	    	Commitments
		  	1.01B	    	Letter of Credit Commitments
		  	1.01E	    	Existing Investments
		  	5.08	    	Exceptions to Ownership of Property
		  	5.09(b)	    	Environmental Matters
		  	5.12	    	Subsidiaries and Other Equity Investments
		  	6.13(a)	    	Certain Collateral Documents
		  	7.01(b)	    	Existing Liens
		  	7.02(b)	    	Existing Indebtedness
		  	7.07	    	Existing Transactions with Affiliates
		  	7.08	    	Burdensome Agreements
		  	10.02	    	Administrative Agent’s Office, Certain Addresses for Notices
	
	EXHIBITS
		
	Form of	    	
			
		  	A	    	Committed Loan Notice
		  	B	    	Swing Line Loan Notice
		  	C-1	    	Term Note
		  	C-2	    	Revolving Credit Note
		  	C-3	    	Swing Line Note
		  	D	    	Compliance Certificate
		  	E	    	Assignment and Assumption
		  	F	    	Security Agreement
		  	G-1	    	Perfection Certificate
		  	G-2	    	Perfection Certificate Supplement
		  	H	    	 Intercompany Note

		  	I-1	    	Intercreditor Agreement
		  	I-2	    	Second Lien Intercreditor Agreement
		  	J-1	    	United States Tax Compliance Certificate
		  	J-2	    	United States Tax Compliance Certificate
		  	J-3	    	United States Tax Compliance Certificate
		  	J-4	    	United States Tax Compliance Certificate
		  	K	    	Solvency Certificate

  
 vi 

 CREDIT AGREEMENT 

This CREDIT AGREEMENT (this “Agreement”) is entered into as of January 31, 2014 among CBS Outdoor Americas Capital LLC, a
Delaware limited liability company, and CBS Outdoor Americas Capital Corporation, a Delaware corporation, as borrowers (together with their respective successors and assigns, each “Borrower” and, collectively, the
“Borrowers”), CBS Outdoor Americas Inc., a Maryland corporation and indirect parent of the Borrowers (the “Parent”) and the other Guarantors party hereto from time to time, Citibank, N.A.
(“Citibank”), as Administrative Agent, Collateral Agent, the Swing Line Lender and an L/C Issuer and each lender from time to time party hereto (collectively, the “Lenders” and individually, a
“Lender”). 
 PRELIMINARY STATEMENTS 

The Borrowers have requested that (i) on the Closing Date, the Term Lenders lend to the Borrowers Term Loans in an initial principal amount of $800
million in order to finance the Closing Date Transactions and to finance costs and expenses incurred in connection therewith and (ii) from time to time, the Revolving Credit Lenders make Revolving Credit Loans and Swing Line Loans to the
Borrowers and the L/C Issuers issue on the account of the Borrowers and their respective Subsidiaries Letters of Credit. 
 The applicable Lenders have
indicated their willingness to lend, and the L/C Issuers have indicated their willingness to issue Letters of Credit, in each case, on the terms and subject to the 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 and Accounting Terms 

Section 1.01. Defined Terms. 
 As
used in this Agreement, the following terms shall have the meanings set forth below: 
 “Accounting Opinion” has the meaning set
forth in Section 6.01(a). 
 “Acquired Indebtedness” means, with respect to any specified Person, 

(a) Indebtedness of any other Person existing at the time such other Person is merged with or into or became a Restricted Subsidiary of such specified Person,
including Indebtedness incurred in connection with, or in contemplation of, such other Person merging with or into or becoming a Restricted Subsidiary of such specified Person; and 

(b) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. 

“Additional Lender” has the meaning set forth in Section 2.14(a). 

 “Additional Refinancing Lender” means, at any time, any bank, financial institution or
other institutional lender or investor that, in any case, is not an existing Lender and that agrees to provide any portion of Credit Agreement Refinancing Indebtedness pursuant to a Refinancing Amendment in accordance with Section 2.15;
provided, that each Additional Refinancing Lender shall be subject to the approval of the Administrative Agent, such approval not to be unreasonably withheld or delayed, to the extent that any such consent would be required from
the Administrative Agent under Section 10.06(b) (iii)(B) for an assignment of Loans to such Additional Refinancing Lender, solely to the extent such consent would be required for any assignment to such Lender. 

“Additional Revolving Borrower Joinder” means the joinder hereto by any Loan Party, as an additional joint and several Borrower under
the Revolving Credit Facility pursuant to a joinder agreement among the Administrative Agent, Parent and such Loan Party in form and substance reasonably acceptable to the Administrative Agent.  

“Administrative Agent” means Citibank, in its capacity as administrative agent under any of the Loan Documents, or any successor
administrative agent. 
 “Administrative Agent’s Office” means the Administrative Agent’s address and account as
set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify Parent and the Lenders. 

“Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. 

“Affiliate” of any specified Person, means any other Person directly or indirectly controlling or controlled by or under direct or
indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”),
as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or
otherwise. 
 “Agent Parties” has the meaning set forth in Section 10.02(c). 

“Agents” means, collectively, the Administrative Agent, the Collateral Agent, the Co-Documentation Agents and the Co-Syndication
Agents. 
 “Aggregate Commitments” means the Commitments of all the Lenders. 

“Agreement” means this credit agreement, as the same may be amended, restated, amended and restated, supplemented or otherwise
modified from time to time. 
 “All-In Yield” means, at any time, with respect to any Term Loan or other Indebtedness, the
weighted average yield to stated maturity of such Term Loan or other Indebtedness based on the interest rate or rates applicable thereto and giving effect to all upfront or similar fees or original issue discount payable to the Lenders or other
creditors advancing such Term Loan or other Indebtedness with respect thereto (but not arrangement or underwriting fees paid to an arranger for  

  
 2 

 
their account) and to any interest rate “floor” (with original issue discount and upfront fees, which shall be deemed to constitute like amounts of original issue discount, being
equated to interest margins in a manner consistent with generally accepted financial practice based on an assumed four-year life to maturity). 

“Alternative Currency” means Canadian Dollars or any other lawful currency which is freely convertible into Dollars and is freely traded and
available in the London interbank eurocurrency market with the consent of the Administrative Agent and the applicable L/C Issuer. 

“Anti-Terrorism Laws” has the meaning set forth in Section 5.15. 

“Applicable Percentage” means with respect to any Revolving Credit Lender, the percentage of the total Revolving Credit Commitments
represented by such Revolving Credit Lender’s Revolving Credit Commitment. If the Revolving Credit Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Revolving Credit Commitments most recently
in effect, giving effect to any assignments. 
 “Applicable Period” has the meaning set forth in the definition of
“Applicable Rate.” 
 “Applicable Rate” means a percentage per annum equal to:

 (a) with respect to Term Loans, 2.25% in the case of Eurodollar Rate Loans and 1.25% in the case of Base Rate Loans. 

(b) with respect to Revolving Credit Loans, unused Revolving Credit Commitments and Letter of Credit fees, (i) until delivery of financial statements for
the first full fiscal quarter commencing on or after the Closing Date pursuant to Section 6.01, (A) for Eurodollar Rate Loans, 2.25%, (B) for Base Rate Loans, 1.25%, (C) for Letter of Credit Fees, 2.25% and (D) for
unused commitment fees, 0.50% and (ii) thereafter, the following percentages per annum, based upon the Consolidated Net Secured Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent
pursuant to Section 6.02(a): 
 Applicable Rate 
  

															
	Pricing
Level	  	Consolidated
Net Secured
Leverage Ratio	  	Eurodollar Rate
and Letter of
Credit Fees	 	 	Base Rate	 	 	Unused
Commitment Fee
Rate	 
	 1
	  	< 1.50:1.00	  	 	2.00	% 	 	 	1.00	% 	 	 	0.375	% 
					
	 2
	  	3 1.50:1.00	  	 	2.25	% 	 	 	1.25	% 	 	 	0.50	% 

 Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Net Secured Leverage Ratio shall
become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided, that the highest Pricing Level shall apply as of the first Business Day
after the date on which a Compliance Certificate was required to have been delivered but was not delivered, and shall continue to so apply up to and including the date on which such Compliance Certificate is so delivered (and thereafter the Pricing
Level otherwise determined in accordance with this definition shall apply). 

  
 3 

 In the event that any Compliance Certificate is shown by the Administrative Agent to be inaccurate
(whether as a result of an inaccuracy in the financial statements on which such Compliance Certificate is based, a mistake in calculating the applicable Consolidated Net Secured Leverage Ratio or otherwise) at any time that this Agreement is in
effect and any Loans or Commitments are outstanding such that the Applicable Rate for any period (an “Applicable Period”) should have been higher than the Applicable Rate applied for such Applicable Period, then (i) Parent
shall promptly (and in no event later than five (5) Business Days thereafter) deliver to the Administrative Agent a corrected Compliance Certificate for such Applicable Period; (ii) the Applicable Rate shall be determined by reference to
the corrected Compliance Certificate (but in no event shall the Lenders owe any amounts to the Borrowers); and (iii) the Borrowers shall pay to the Administrative Agent promptly (and in no event later than five (5) Business Days after the
date such corrected Compliance Certificate is delivered) any additional interest owing as a result of such increased Applicable Rate for such Applicable Period, which payment shall be promptly applied by the Administrative Agent in accordance with
the terms hereof. Notwithstanding anything to the contrary in this Agreement, any nonpayment of such interest as a result of any such inaccuracy shall not constitute a Default (whether retroactively or otherwise), and no such amounts shall be deemed
overdue (and no amounts shall accrue interest at the Default Rate), at any time prior to the date that is five (5) Business Days following the date such corrected Compliance Certificate is delivered. The Borrowers’ Obligations under this
paragraph shall survive the termination of the Aggregate Commitments and the repayment of all other Obligations hereunder. 

“Appropriate Lender” means, at any time, (a) with respect to Loans of any Class, the Lenders of such Class, (b) with respect
to Letters of Credit, (i) the relevant L/C Issuers and (ii) the Revolving Credit Lenders, and (c) with respect to the Swing Line Facility, (i) the relevant Swing Line Lender and (ii) if any Swing Line Loans are outstanding
pursuant to Section 2.04(a), the Revolving Credit Lenders. 
 “Approved Fund” means any Fund that is
administered, advised or managed by (a) a Lender, (b) an Affiliate of a Lender, or (c) an entity or an Affiliate of an entity that administers, advises or manages a Lender. 

“Arrangers” means Citigroup Global Markets Inc., Wells Fargo Securities, LLC, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, J.P.
Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley MUFG Loan Partners, LLC in their capacities as lead arranger and/or lead bookrunners. 

“Assignee Group” means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by the
same investment advisor. 
 “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an
Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)(iii), and accepted by the Administrative Agent, in substantially the form of Exhibit E hereto or any other form (including electronic
documentation generated by any electronic platform) approved by the Administrative Agent. 

  
 4 

 “Attorney Costs” means and includes all reasonable fees, expenses and disbursements of
any law firm or other external legal counsel. 
 “Attributable Indebtedness” means, on any date of determination, in respect
of any Sale and Leaseback Transaction, the present value of the total obligations of the lessee for net rental payments during the remaining term of the lease included in such Sale and Leaseback Transaction, including any period for which such lease
has been extended or may, at the option of the lessor, be extended. In the case of clause (b), such present value shall be calculated using a discount rate equal to the rate of interest implicit in such transaction, determined in accordance
with GAAP. 
 “Audited Financial Statements” means the audited consolidated balance sheet of Parent and its Subsidiaries as
of each of December 31, 2012, 2011 and 2010, and the related audited consolidated statements of income, of changes in shareholders’ equity and of cash flows for Parent and its Subsidiaries for the fiscal years ended December 31, 2012,
2011 and 2010, respectively. 
 “Auto-Extension Letter of Credit” has the meaning set forth in
Section 2.03(b)(iii).  
 “Available Amount” means the sum of (a) (i) 100% of Consolidated EBITDA of
Parent for the period (taken as one accounting period) beginning on the first day of the fiscal quarter during which the Closing Date occurs to the end of Parent’s most recently completed fiscal quarter for which financial statements have been
delivered pursuant to Section 6.01 at the time of such Restricted Payment, minus (ii) the product of (A) 1.4 and (B) Consolidated Interest Expense of Parent for the same period (taken as one accounting
period) plus (b) 100% of the aggregate net cash proceeds and the fair market value, as determined in good faith by Parent, of marketable securities or other property received by Parent or, in connection with
“UPREIT” acquisitions, by Capital LLC since immediately after the Closing Date from the issue or sale of (i) Equity Interests of Parent or Capital LLC, but excluding cash proceeds and the fair market value, as determined in good faith
by Parent, of marketable securities or other property received from the IPO and (ii) Indebtedness or Disqualified Stock of Parent or a Restricted Subsidiary that has been converted into or exchanged for Equity Interests of Parent
(provided, however, that this clause (ii) shall not include the proceeds of (x) Equity Interests, Indebtedness or Disqualified Stock of Parent or Capital LLC sold to a Restricted Subsidiary
or Parent or (y) Disqualified Stock or Indebtedness that has been converted or exchanged into Disqualified Stock) plus (c) 100% of the aggregate amount of cash and the fair market value, as determined in good faith by
Parent, of marketable securities or other property contributed to the capital of Parent or, in connection with “UPREIT” acquisitions, of Capital LLC following the Closing Date (other than by a Restricted Subsidiary or Parent)
minus (d) the aggregate amount of Restricted Payments made in reliance on the final paragraph of Section 7.05. 

“Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of
1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Citibank as its base rate, and (c) the Eurodollar Rate for an Interest Period of one (1) month plus 1.00%; provided, that for
purposes of this clause (c), the Base Rate with respect to Term Loans will be deemed not to be less than 1.75%. The base rate is a rate set by Citibank based upon various factors including Citibank’s costs and desired return, general
economic conditions and other factors, and is used as a reference point for pricing some loans, 

  
 5 

 
which may be priced at, above, or below such announced rate. Any change in such base rate announced by Citibank shall take effect at the opening of business on the day specified in the public
announcement of such change. 
 “Base Rate Loan” means a Loan that bears interest based on the Base Rate. 

“Borrowers” means (a) each “Borrower” as defined in the introductory paragraph to this Agreement and (b) in the case of
the Revolving Credit Facility only, shall include such other Loan Parties (other than Parent), on a joint and several basis with the other Borrowers, as may be requested by Parent upon at least ten (10) business days’ notice to the
Administrative Agent; provided, that, in respect of each Person that becomes a Borrower under the Revolving Credit Facility pursuant to this clause (b), (i) such Loan Party shall have executed an Additional Revolving Borrower
Joinder, (ii) Parent shall have provided (or caused to be provided) such legal opinions and other documentation reasonably requested by the Administrative Agent (or any Revolving Credit Lender) and consistent with the documentation delivered
under Section 4.01 with respect to the Borrowers on the Closing Date (including any additional information that may be necessary to comply with “know your customer” and other applicable laws and regulations), (iii) such
Person shall thereafter comply with the provisions of this Agreement applicable to Borrowers, including Section 10.22, and (iv) the funding of Loans to such Loan Party by any Revolving Credit Lender shall not violate any Requirement
of Law applicable to such Revolving Credit Lender. 
 “Borrower Materials” has the meaning assigned to such term in Section
6.02. 
 “Borrowing” means a Revolving Credit Borrowing, a Swing Line Borrowing, or a Term Borrowing, as the context may
require. 
 “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized
to close under the Laws of, or are in fact closed in, the state of New York; provided that if such day relates to any interest rate settings as to a Eurodollar Rate Loan, any fundings, disbursements, settlements and payments in
respect of any such Eurodollar Rate Loan, or any other dealings to be carried out pursuant to this Agreement in respect of any such Eurodollar Rate Loan, the term “Business Day” shall also exclude any day on which banks are not open for
dealings in dollar deposits in the London interbank eurodollar market. 
 “Capital LLC” means CBS Outdoor Americas Capital LLC, a
Delaware limited liability company. 
 “Capital Stock” means: 

(a) in the case of a corporation, corporate stock; 

(b) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock; 

  
 6 

 (c) in the case of a partnership or limited liability company, partnership or membership
interests (whether general or limited); and 
 (d) any other interest or participation that confers on a Person the right to receive a share
of the profits and losses of, or distributions of assets of, the issuing Person. 
 “Capitalized Lease Obligation” means, at the
time any determination thereof is to be made, the amount of the liability in respect of a Capitalized Lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) in
accordance with GAAP. 
 “Capitalized Leases” means all leases that have been or should be, in accordance with GAAP, recorded
as capitalized leases. 
 “Cash Collateral” has the meaning specified in Section 2.03(g). 

“Cash Collateral Account” means a blocked account at Citibank (or another commercial bank selected in compliance with
Section 9.09) in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent. 

“Cash Collateralize” has the meaning specified in Section 2.03(g).  

“Cash Equivalents” means: 
 (a)
United States dollars; 
 (b) (A) euro, or any national currency of any member state of the European Union; or 

(B) in the case of any Foreign Subsidiary that is a Restricted Subsidiary, such local currencies held by them from time to time in the ordinary course of
business; 
 (c) securities issued or directly and fully and unconditionally guaranteed or insured by the U.S. government or any agency or instrumentality
thereof the securities of which are unconditionally guaranteed as a full faith and credit obligation of such government with maturities of twenty four (24) months or less from the date of acquisition; 

(d) certificates of deposit, time deposits and dollar time deposits with maturities of one year or less from the date of acquisition, bankers’
acceptances with maturities not exceeding one year and overnight bank deposits, in each case with any commercial bank having capital and surplus of not less than $500 million in the case of U.S. banks and $100 million (or the U.S. dollar equivalent
as of the date of determination) in the case of non-U.S. banks; 
 (e) repurchase obligations for underlying securities of the types described in clauses
(c) and (d) entered into with any financial institution meeting the qualifications specified in clause (d) above; 

  
 7 

 (f) commercial paper rated at least P-1 by Moody’s or at least A-1 by S&P and in each case maturing
within twenty four (24) months after the date of creation thereof; 
 (g) marketable short-term money market and similar securities having a rating of
at least P-2 or A-2 from either Moody’s or S&P, respectively (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another Rating Agency) and in each case maturing within twenty
four (24) months after the date of creation thereof; 
 (h) readily marketable direct obligations issued by any state, commonwealth or territory of the
United States or any political subdivision or taxing authority thereof having an Investment Grade Rating from either Moody’s or S&P with maturities of twenty four (24) months or less from the date of acquisition; 

(i) Investments with average maturities of twenty four (24) months or less from the date of acquisition in money market funds rated AAA- (or the
equivalent thereof) or better by S&P or Aaa3 (or the equivalent thereof) or better by Moody’s; and 
 (j) investment funds investing 95% of their
assets in securities of the types described in clauses (a) through (i) above). 
 Notwithstanding the foregoing, Cash Equivalents
shall include amounts denominated in currencies other than those set forth in clauses (a) and (b) above, provided that such amounts are converted into any currency listed in clauses (a) and
(b) as promptly as practicable and in any event within ten (10) Business Days following the receipt of such amounts. 

“Casualty Event” means any event that gives rise to the receipt by Parent or any Restricted Subsidiary of any insurance proceeds or
condemnation awards in respect of any equipment, fixed assets or real property (including any improvements thereon) to replace or repair such equipment, fixed assets or real property. 

“CBS Corporation” means CBS Corporation, a Delaware corporation. 

“CBS Outdoor LLC” means CBS Outdoor LLC, a Delaware limited liability company. 

“CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as subsequently amended. 

“CERCLIS” means the Comprehensive Environmental Response, Compensation and Liability Information System maintained by the U.S.
Environmental Protection Agency. 
 “CFC” means a “controlled foreign corporation” within the meaning of
Section 957 of the Code. 
 “CFC Holdco” means a Domestic Subsidiary substantially all of the assets of which consist,
directly or indirectly, of equity of one or more Foreign Subsidiaries that are CFCs. 
 “Change in Law” means the occurrence,
after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation,
implementation or application  

  
 8 

 
thereof by any Governmental Authority, or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority;
provided, that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection
therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory
authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law,” regardless of the date enacted, adopted or issued. 

“Change of Control” means any of the following: 

(a) the sale, lease or transfer, in one or a series of related transactions, of all or substantially all of the assets of Parent and its Subsidiaries, taken
as a whole, to any Person other than a Permitted Holder; 
 (b) Parent becomes aware of (by way of a report or any other filing pursuant to
Section 13(d) of the Exchange Act, proxy, vote, written notice or otherwise) the acquisition by any Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act), including any group acting for the
purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act, or any successor provision), other than a Permitted Holder, in a single transaction or in a related series of transactions, by
way of merger, consolidation or other business combination or purchase of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act, or any successor provision) of 50% or more of the total voting power of the Voting Stock of
Parent (directly or through the acquisition of voting power of Voting Stock of any direct or indirect parent company of Parent); 
 (c) during any period of
two (2) consecutive years, individuals who at the beginning of such period were members of the Board of directors (or equivalent body) of Parent (together with any new members thereof whose election by such Board of directors (or equivalent
body) or whose nomination for election by holders of Capital Stock of Parent was approved by a vote of a majority of the members of such Board of directors (or equivalent body) then still in office who were either members thereof at the beginning of
such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of such board of directors (or equivalent body) then in office; 

(d) the approval of any plan or proposal for the winding up or liquidation of Parent or Capital LLC; 

(e) (i) Parent ceases to (A) at any time that Capital LLC is a limited liability company or partnership, either be the sole general partner or managing
member of, or wholly own and control, directly or indirectly, the sole general partner or managing member of, Capital LLC, in each case to the extent applicable or (B) at any time that Capital LLC is a corporation, beneficially own, directly or
indirectly, greater than 50% of the total voting power of the Voting Stock of Capital LLC or (ii) Parent and/or Capital LLC ceases to beneficially own, directly or indirectly, 100% of the total voting power of the Voting Stock of CBS Outdoor
LLC; or 

  
 9 

 (f) a “change of control” (or similar event) shall occur under the Senior Notes Indenture or any
Indebtedness for borrowed money or any Disqualified Stock, in each case incurred by any Loan Party as permitted under Section 7.02 with an aggregate outstanding principal amount in excess of the Threshold Amount. 

For purposes of this definition, any direct or indirect holding company of Parent shall not itself be considered a “Person” or “group” for
purposes of clause (b) above; provided, that no “Person” or “group” beneficially owns, directly or indirectly, more than a majority of the total voting power of the Voting Stock of such holding company. 

“Citibank” has the meaning set forth in the introductory paragraph to this Agreement. 

“Class” means (a) when used with respect to Lenders, refers to whether such Lenders are Revolving Credit Lenders or Term Lenders,
(b) when used with respect to Commitments, refers to whether such Commitments are Revolving Credit Commitments or Term Commitments, and (c) when used with respect to Loans or a Borrowing, refers to whether such Loans, or the Loans
comprising such Borrowing, are Revolving Credit Loans or Term Loans. 
 “Closing Date” the date on which the conditions
precedents set forth in Section 4.01 are satisfied or duly waived. 
 “Closing Date Transactions” means,
collectively (a) the funding of the Loans on the Closing Date and the execution and delivery of Loan Documents to be entered into on the Closing Date, (b) the Debt Proceeds Transfer, and (c) the payment of Closing Date Transaction
Expenses. 
 “Closing Date Transaction Expenses” means any fees or expenses incurred or paid by Parent (or any direct or
indirect parent of Parent) or any of their respective Subsidiaries in connection with the Closing Date Transactions (including expenses in connection with hedging transactions), this Agreement and the other Loan Documents and the transactions
contemplated hereby and thereby. 
 “Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Collateral” means the “Collateral” as defined in the Security Agreement, all the “Collateral” or “Pledged
Assets” as defined in any other Collateral Document and any other assets a Lien in which is granted or purported to be granted pursuant to any Collateral Documents. 

“Collateral Agent” means Citibank, in its capacity as collateral agent or pledgee in its own name under any of the Loan Documents, or
any successor collateral agent. 
 “Collateral Documents” means, collectively, the Security Agreement, each of the Mortgages,
collateral assignments, security agreements, pledge agreements, the Intellectual Property Security Agreements or other similar agreements delivered to the Administrative Agent and the Lenders pursuant to Section 6.11 or
Section 6.13, and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Collateral Agent for the benefit of the Secured Parties. 

  
 10 

 “Commitment” means a Term Commitment or a Revolving Credit Commitment of any Class or of
multiple Classes, as the context may require. 
 “Committed Loan Notice” means a notice of (a) a Borrowing, (b) a
conversion of Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which shall be substantially in the form of Exhibit A hereto. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor
statute. 
 “Compliance Certificate” means a certificate substantially in the form of Exhibit D hereto. 

“Consolidated Depreciation and Amortization Expense” means, with respect to any Person, for any period, the total amount of
depreciation and amortization expense, including the amortization of deferred financing fees of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP. 

“Consolidated EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

 (a) increased (without duplication) by: 
 (A)
provision for taxes based on income or profits or capital gains, including, federal, state, non-U.S. franchise, excise, value added and similar taxes and foreign withholding taxes of such Person paid or accrued during such period, including any
penalties and interest relating to such taxes or arising from any tax examinations, deducted (and not added back) in computing Consolidated Net Income; plus 

(B) Consolidated Interest Expense of such Person for such period; plus 

(C) Consolidated Depreciation and Amortization Expense of such Person for such period to the extent the same were deducted (and not added back) in
computing Consolidated Net Income; plus 
 (D) any fees, expenses or charges related to the IPO, any Equity Offering, Permitted Investment,
acquisition, disposition, recapitalization or the incurrence or repayment of Indebtedness permitted to be incurred in accordance with this Agreement (including a refinancing thereof) (whether or not successful), including (i) such fees,
expenses or charges related to the offering of the Senior Notes or under the Loan Documents, (ii) any amendment or other modification of the Senior Notes, and, in each case, deducted (and not added back) in computing Consolidated Net Income,
and (iii) the other Transactions; plus 
 (E) the amount of any restructuring charge or reserve deducted (and not added back) in such
period in computing Consolidated Net Income, including any restructuring costs incurred in connection with acquisitions, mergers or consolidations after the Closing Date; plus 

(F) any other non-cash charges, including any write offs or write downs and non-cash compensation expenses recorded from grants of stock appreciation or
similar rights, stock options, 

  
 11 

 
restricted stock or other rights, reducing Consolidated Net Income for such period (provided, that if any such non-cash charges represent an accrual or reserve for potential cash items in
any future period, the cash payment in respect thereof in such future period shall be subtracted from Consolidated EBITDA in such future period to the extent paid, but excluding from this proviso, for the avoidance of doubt, amortization of a
prepaid cash item that was paid in a prior period); plus 
 (G) the amount of any minority interest expense consisting of Subsidiary income
attributable to minority equity interests of third parties in any non-Wholly-Owned Subsidiary deducted (and not added back) in such period in calculating Consolidated Net Income; plus 

(H) the amount of loss on sale of receivables and related assets to the Receivables Subsidiary in connection with a Receivables Facility; plus

 (I) any costs or expense incurred by Parent or a Restricted Subsidiary pursuant to any management equity plan or stock option plan or any
other management or employee benefit plan or agreement or any stock subscription or shareholder agreement, to the extent that such cost or expenses are funded with cash proceeds contributed to the capital of Parent or net cash proceeds of an
issuance of Equity Interest of Parent (other than Disqualified Stock) solely to the extent that such net cash proceeds are excluded from the calculation of the Available Amount; plus 

(J) the amount of cost savings, operating expense reductions, other operating improvements and initiatives and synergies projected by Parent in good faith to
be reasonably anticipated to be realizable within twelve (12) months of the date of any Investment, acquisition, disposition, merger, consolidation or other action being given pro forma effect (which will be added to Consolidated EBITDA
as so projected until fully realized and calculated on a Pro Forma Basis as though such cost savings, operating expense reductions, other operating improvements and initiatives and synergies had been realized on the first day of such period), net of
the amount of actual benefits realized during such period from such actions; provided that (x) all steps have been taken for realizing such cost savings, (y) such cost savings are reasonably identifiable and factually supportable
(in the good faith determination of Parent) and (z) the aggregate amount of cost savings, operating expense reductions, other operating improvements and initiatives and synergies added back pursuant to this clause (J) in any Test
Period shall not exceed 10% of Consolidated EBITDA (prior to giving effect to such addbacks); 
 (b) decreased by (without duplication) non-cash gains
increasing Consolidated Net Income of such Person for such period, excluding any non-cash gains to the extent they represent the reversal of an accrual or reserve for a potential cash item that reduced Consolidated EBITDA in any prior period; and

 (c) increased or decreased by (without duplication): 

(A) any net loss or gain, respectively, resulting in such period from Hedging Obligations and the application of Financial Accounting Codification
No. 815-Derivatives and Hedging; plus or minus, as applicable, and 
 (B) any net loss or gain, respectively, resulting in such
period from currency translation gains or losses related to currency remeasurements of Indebtedness (including any net loss or gain resulting from hedge agreements for currency exchange risk). 

  
 12 

 “Consolidated Interest Expense” means, with respect to any Person for any period, without
duplication, the sum of: 
 (a) consolidated interest expense of such Person and its Restricted Subsidiaries for such period to the extent
such expense was deducted (and not added back) in computing Consolidated Net Income (including (i) amortization of original issue discount resulting from the issuance of Indebtedness at less than par, (ii) all commissions, discounts and
other fees and charges owed with respect to letters of credit or bankers acceptances, (iii) non-cash interest expense (but excluding any non-cash interest expense attributable to the movement in the mark to market valuation of Hedging
Obligations or other derivative instruments pursuant to GAAP), (iv) the interest component of Capitalized Lease Obligations, (v) imputed interest with respect to Attributable Debt, and (vi) net payments, if any, pursuant to interest
rate Hedging Obligations with respect to Indebtedness, and excluding (x) amortization of deferred financing fees, debt issuance costs, commissions, fees and expenses, (y) any expensing of bridge, commitment and other financing fees and
(z) commissions, discounts, yield and other fees and charges (including any interest expense) related to any Receivables Facility); plus 

(b) consolidated capitalized interest of such Person and such Subsidiaries for such period, whether paid or accrued; plus 

(c) whether or not treated as interest expense in accordance with GAAP, all cash dividends or other distributions accrued (excluding dividends payable solely
in Equity Interests (other than Disqualified Stock) of Parent) on any series of Disqualified Stock or any series of Preferred Stock during such period. 

For purposes of this definition, interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably
determined by such Person to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. 
 “Consolidated
Net Income” means, with respect to any Person for any period, the aggregate Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, and otherwise determined in accordance with GAAP;
provided, however, that, without duplication: 
 (a) any after-tax effect of extraordinary,
non-recurring or unusual gains or losses (less all fees and expenses relating thereto) or expenses (including expenses relating to (i) severance and relocation costs, (ii) any rebranding or corporate name change or
(iii) uninsured storm or other weather-related damage, in excess of $5 million for any single weather event) shall be excluded; 
 (b) the Net
Income for such period shall not include the cumulative effect of a change in accounting principles during such period; 
 (c) any after-tax effect of
income (loss) from disposed or discontinued operations and any net after-tax gains or losses on disposal of disposed, abandoned or discontinued operations shall be excluded; 

  
 13 

 (d) any after-tax effect of gains or losses (less all fees and expenses relating thereto)
attributable to asset dispositions other than in the ordinary course of business, as determined in good faith by Parent, shall be excluded; 

(e) the Net Income for such period of any Person that is not a Subsidiary, or is an Unrestricted Subsidiary, or that is accounted for by the equity
method of accounting, shall be excluded; provided, that Consolidated Net Income of Parent shall be increased by the amount of dividends or distributions or other payments that are actually paid in cash (or to the extent converted into cash or
Cash Equivalents) to Parent or a Restricted Subsidiary in respect of such period; 
 (f) the Net Income for such period of any Restricted
Subsidiary (other than any Guarantor) shall be excluded if the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of its Net Income is not at the date of determination wholly permitted without any prior
governmental approval (which has not been obtained) or, directly or indirectly, by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule, or governmental regulation applicable to that
Restricted Subsidiary or its stockholders, unless such restriction with respect to the payment of dividends or similar distributions has been legally waived; provided, that Consolidated Net Income of Parent will be increased by the amount of
dividends or other distributions or other payments actually paid in cash (or to the extent converted into cash or Cash Equivalents) to Parent or a Restricted Subsidiary thereof in respect of such period, to the extent not already included
therein; 
 (g) any after-tax effect of income (loss) from the early extinguishment of Indebtedness or Hedging Obligations or other derivative
instruments shall be excluded; and 
 (h) any fees and expenses incurred during such period, or any amortization thereof for such period, in connection with
the Transactions and any acquisition, Investment, Disposition, issuance or repayment of Indebtedness, issuance of Equity Interests, refinancing transaction or amendment or modification of any debt instrument (in each case, including any such
transaction consummated prior to the Closing Date and any such transaction undertaken but not completed) and any charges or non-recurring merger costs incurred during such period as a result of any such transaction shall be excluded. 

“Consolidated Net Secured Leverage Ratio” means, as of the date of determination, the ratio of (a) the Consolidated Total Net
Debt of Parent and its Restricted Subsidiaries on such date that is secured by Liens, to (b) Consolidated EBITDA of Parent and its Restricted Subsidiaries for the most recently ended Test Period. 

“Consolidated Secured Leverage Ratio” means, as of the date of determination, the ratio of (a) the Consolidated Total Debt of
Parent and its Restricted Subsidiaries on such date that is secured by Liens, to (b) Consolidated EBITDA of Parent and its Restricted Subsidiaries for the most recently ended Test Period. 

“Consolidated Total Net Debt” means, as of any date of determination, the aggregate principal amount of Indebtedness of Parent and its
Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP, consisting of Indebtedness for borrowed money, Capitalized Lease Obligations and Attributable Indebtedness, less up to
$150 million  

  
 14 

 
of cash and Cash Equivalents (which are not Restricted Cash) that would be stated on the balance sheet of the Loan Parties as of such date of determination; provided that for purposes of
determining the Consolidated Net Secured Leverage Ratio in connection with the incurrence of any Incremental Facilities incurred pursuant to Section 2.14 or any Permitted Debt Offerings incurred pursuant to
Section 7.02(b)(21) only, the cash proceeds of such Incremental Facilities and/or Permitted Debt Offering shall not be deemed to be included on the consolidated balance sheet of Parent and its Restricted Subsidiaries. 

“Consolidated Total Debt” means, as of any date of determination, the aggregate principal amount of Indebtedness of Parent and its
Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP, consisting of Indebtedness for borrowed money, Capitalized Lease Obligations and Attributable Indebtedness. 

“Consolidated Total Leverage Ratio” means, as of the date of determination, the ratio of (a) the Consolidated Total Debt of
Parent and its Restricted Subsidiaries on such date, to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the most recently ended Test Period. 

“Contingent Obligations” means, with respect to any Person, any obligation of such Person guaranteeing any leases, dividends or other
obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including any obligation of such Person, whether or
not contingent: 
 (a) to purchase any such primary obligation or any property constituting direct or indirect security therefor; 

(b) to advance or supply funds: 
 (A) for the purchase or
payment of any such primary obligation; or 
 (B) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net
worth or solvency of the primary obligor; or 
 (c) to purchase property, securities or services primarily for the purpose of assuring the owner of any such
primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof. 

“Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument
or other undertaking to which such Person is a party or by which it or any of its property is bound. 
 “Control” has the
meaning specified in the definition of “Affiliate.” 
 “Co-Documentation Agents” means Goldman Sachs Bank USA, J.P.
Morgan Securities LLC, Bank of America, N.A. and Morgan Stanley MUFG Loan Partners, LLC, as co-documentation agents. 

  
 15 

 “Co-Syndication Agents” means Wells Fargo Bank, N.A. and Deutsche Bank Securities, Inc., as
co-syndication agents. 
 “Credit Agreement Refinancing Indebtedness” means any (a) Permitted Pari Passu Secured Refinancing
Debt, (b) Permitted Junior Secured Refinancing Debt, (c) Permitted Unsecured Refinancing Debt or (d) Indebtedness incurred hereunder pursuant to a Refinancing Amendment, in each case, issued, incurred or otherwise obtained (including
by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace, repurchase, retire or refinance, in whole or part, existing Loans or Commitments hereunder, or any then-existing Credit Agreement
Refinancing Indebtedness (“Refinanced Debt”); provided, that (i) such exchanging, extending, renewing, replacing, repurchasing, retiring or refinancing Indebtedness is in an original aggregate principal
amount not greater than the aggregate principal amount of the Refinanced Debt except by an amount equal to unpaid accrued interest and premium (including tender premium) and penalties thereon plus reasonable upfront fees and OID
on such exchanging, extending, renewing, replacing, repurchasing, retiring or refinancing Indebtedness, plus other reasonable and customary fees and expenses in connection with such exchange, modification, refinancing,
refunding, renewal, replacement, repurchase, retirement or extension and (ii) such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged, and all accrued interest, fees, premiums (if any) and penalties in
connection therewith shall be paid, substantially concurrently with the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained. 

“Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension. 

“Debt Proceeds Transfer” means one or more transfers by Parent of the net proceeds of the Term Loans and the Senior Notes
(less $50 million) to an indirect wholly-owned Subsidiary of CBS Corporation in exchange for the contribution by such Subsidiary of the interests of the entities composing the “CBS Outdoor” business to Parent.

 “Debtor Relief Laws” means the United States Bankruptcy Code and all other liquidation, conservatorship, bankruptcy,
assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of
creditors generally. 
 “Declined Proceeds” has the meaning set forth in Section 2.05(b)(v). 

“Default” means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of
time, or both, would be an Event of Default. 
 “Default Rate” means an interest rate equal to (a) the Base Rate
plus (b) the Applicable Rate, if any, applicable to Base Rate Loans plus (c) 2.0% per annum; provided, that with respect to a Eurodollar Rate Loan,
the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2.0% per annum, in each case, to the fullest extent permitted
by applicable Laws. 

  
 16 

 “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the
Term Loans, Revolving Credit Loans, participations in L/C Obligations or participations in Swing Line Loans required to be funded by it hereunder within two (2) Business Days of the date required to be funded by it hereunder, unless
subsequently cured, unless such Lender notifies Administrative Agent and Parent in writing that such failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (which conditions precedent,
together with the applicable default or breach of a representation, if any, shall be specifically identified in such writing) has not been satisfied, (b) has otherwise failed to pay over to the Administrative Agent or any other Lender any other
amount required to be paid by it hereunder within two (2) Business Days of the date when due, unless the subject of a good faith dispute or subsequently cured, (c) has notified Parent or the Administrative Agent or an L/C Issuer in writing
that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder or generally under agreements in which it commits to extend credit, (d) has failed,
within three (3) Business Days after written request by the Administrative Agent or an L/C Issuer to confirm in a manner satisfactory to the Administrative Agent or such L/C Issuer that it will comply with its funding obligations, or
(e) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or
similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, or (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or
appointment; provided, that a Lender shall not be a Defaulting Lender solely by virtue (1) of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a
Governmental Authority or (2) an Undisclosed Administration. 
 “Designated Issuing Bank” means the issuing bank under
any Designated Standalone Letter of Credit Facility. 
 “Designated Jurisdiction” means any country or territory to the
extent that such country or territory itself is the subject of any Sanction. 
 “Designated Non-cash Consideration” means the
fair market value (as determined in good faith by Parent) of non-cash consideration received by Parent or any of its Restricted Subsidiaries in connection with a Disposition that is so designated as Designated Non-cash Consideration pursuant to an
officer’s certificate, setting forth the basis of such valuation less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or conversion of or collection on such Designated Non-cash
Consideration. 
 “Designated Standalone Letter of Credit Facility” means any Standalone Letter of Credit Facility that has
been designated as a Treasury Services Agreement by Parent, but only to the extent that the issuing bank under such Standalone Letter of Credit Facility (if other than a Person already party hereto as a Lender) shall have delivered to the
Administrative Agent a letter agreement reasonably satisfactory to it agreeing to be bound by Sections 9.09 and 10.05 as if it were a Lender. 

  
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 “Disposition” or “Dispose” means: 

(a) the sale, conveyance, transfer or other disposition, whether in a single transaction or a series of related transactions, of
property or assets (including by way of a Sale and Lease-Back Transaction) of Parent or any of its Restricted Subsidiaries (each referred to in this definition as a “disposition”); or 

(b) the issuance or sale of Equity Interests of any Restricted Subsidiary (other than Preferred Stock of Restricted Subsidiaries issued in
compliance with Section 7.02), whether in a single transaction or a series of related transactions. 
 “Disqualified
Stock” means, with respect to any Person, any Capital Stock of such Person which, by its terms, or by the terms of any security into which it is convertible or for which it is putable or exchangeable, or upon the happening of any event,
matures or is mandatorily redeemable (other than solely as a result of a change of control or asset sale) pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than solely as a result of a
change of control or asset sale), in whole or in part, in each case prior to the date ninety one (91) days after the earlier of the Latest Maturity Date at the time of issuance of such Capital Stock or the date the Loans are no longer
outstanding; provided, however, that only the portion of Capital Stock which so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof
prior to such date shall be deemed to be Disqualified Stock; provided, further, however, that if such Capital Stock is issued to any employee or any plan for the benefit of employees of
Parent or its Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased by Parent or its Subsidiaries in order to satisfy applicable statutory
or regulatory obligations or as a result of any such employee’s termination, death or disability; provided, further, however, that any class of Capital Stock of such Person that by
its terms authorizes such Person to satisfy its obligations thereunder by delivery of Capital Stock that is not Disqualified Stock shall not be deemed to be Disqualified Stock. 

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

“Dollar Equivalent” of any amount expressed, at the time of determination thereof, (a) if such amount is expressed in Dollars,
such amount, and (b) in any Alternative Currency, means the equivalent amount thereof in Dollars as determined by the applicable L/C Issuer or, in the absence of such determination, the Administrative Agent at such time on the basis of the spot
rate (determined as of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency. 
 “Domestic
Subsidiary” means any Subsidiary that is organized under the laws of the United States, any state thereof or the District of Columbia. 

“Eligible Assignee” means and includes a commercial bank, an insurance company, a finance company, a financial institution, any Fund
or any other “accredited investor” (as defined in Regulation D of the Securities Act) but in any event excluding (x) Parent, the Borrowers and their respective Affiliates and Subsidiaries, (y) natural persons and (z) any
Defaulting Lender. 
 “EMU” means economic and monetary union as contemplated in the Treaty on European Union. 

  
 18 

 “Environment” means indoor air, ambient air, surface water, groundwater, drinking water,
land surface, subsurface strata, and natural resources such as wetlands, flora and fauna. 
 “Environmental Laws” means the
common law and any and all Federal, state, local, and foreign statutes, Laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to
pollution, the protection of the Environment or, to the extent relating to exposure to Hazardous Materials, human health or to the Release or threat of Release of Hazardous Materials into the Environment. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of investigation
and remediation, fines, penalties or indemnities), of the Loan Parties or any Restricted Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling,
transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any Hazardous Materials into the Environment, or (e) any contract, agreement
or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Environmental Permit” means any permit, approval, identification number, license or other authorization required under any
Environmental Law. 
 “Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital
Stock, but excluding any debt security that is convertible into, or exchangeable for, Capital Stock. 
 “Equity Offering”
means any public or private sale of common stock or Preferred Stock of Parent (excluding Disqualified Stock), other than: 
 (a) the
IPO; 
 (b) public offerings with respect to any such Person’s common stock registered on Form S-8; 

(c) issuances to any Subsidiary of Parent; and 

(d) Refunding Capital Stock. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) that is under common control with a Loan Party or any
Restricted Subsidiary within the meaning of Section 414 of the Code or Section 4001 of ERISA. 
 “ERISA Event”
means (a) a Reportable Event with respect to a Pension Plan; (b) with respect to any Pension Plan, the failure to satisfy the minimum funding standards under Section 412 of the 

  
 19 

 
Code or Section 302 of ERISA, whether or not waived; (c) a withdrawal by a Loan Party, any Restricted Subsidiary or any ERISA Affiliate from a Pension Plan subject to Section 4063
of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (d) a complete or partial
withdrawal by a Loan Party, any Restricted Subsidiary or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is insolvent or in reorganization, within the meaning of Title IV of ERISA, or in endangered or critical
status, within the meaning of Section 432 of the Code or Section 305 of ERISA; (e) the filing of a notice of intent to terminate, the treatment of a plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the
commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (f) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to
administer, any Pension Plan or Multiemployer Plan; or (g) the imposition of any liability under Title IV of ERISA by the PBGC, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon a Loan Party, any
Restricted Subsidiary or any ERISA Affiliate with respect to any Pension Plan or Multiemployer Plan. 
 “euro” means the single
currency of participating member states of the EMU. 
 “Eurodollar Rate” means: 

(a) for any Interest Period with respect to a Eurodollar Rate Loan, the rate per annum equal to the London Interbank Offered Rate
(“LIBOR”), or a successor rate which rate is approved by the Administrative Agent, as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be reasonably
designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest
Period) with a term equivalent to such Interest Period; and 
 (b) for any interest calculation with respect to a Base Rate Loan on any
date, the rate per annum equal to LIBOR, at or about 11:00 a.m., London time determined two (2) Business Days prior to such date for U.S. Dollar deposits with a term of one (1) month commencing that day; 

provided, that to the extent a comparable or successor rate is approved by the Administrative Agent in connection herewith, the approved rate shall be
applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise
reasonably determined by the Administrative Agent; provided, further, that the Eurodollar Rate with respect to Term Loans that bear interest at a rate based on clause (a) of this definition will be deemed not to be less
than 0.75% per annum. 
 “Eurodollar Rate Loan” means a Loan that bears interest at a rate based on the
Eurodollar Rate.  
 “Event of Default” has the meaning specified in Section 8.01. 

  
 20 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and
regulations of the SEC promulgated thereunder. 
 “Excluded Subsidiary” means (a) any Subsidiary that is not a Wholly
Owned Subsidiary; (b) any Immaterial Subsidiary; (c) any Subsidiary that is prohibited by applicable Law, or by Contractual Obligations existing on the Closing Date (or, in the case of any future acquisition, as of the closing date of such
acquisition, so long as such prohibition is not incurred in contemplation of such acquisition), from guaranteeing the Obligations or would require the approval, consent, license or authorization of any Governmental Authority in order to guarantee
the Obligations (unless such approval, consent, license or authorization has been received); (d) any other Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent and the Borrower, the cost or other consequences
(including any adverse tax consequences) of providing a Guarantee shall be excessive in view of the benefits to be obtained by the Lenders therefrom; (e) any Receivables Subsidiary; (f) any Foreign Subsidiary; (g) any Unrestricted
Subsidiary; and (h) any CFC Holdco. 
 “Excluded Swap Obligation” means, with respect to any Guarantor, any Swap
Obligation if, and to the extent that, all or a portion of the Guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity
Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason not to constitute an “eligible
contract participant” as defined in the Commodity Exchange Act at the time the Guarantee of such Guarantor becomes effective with respect to such related Swap Obligation. If a Swap Obligation arises under a master agreement governing more than
one Swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to Swaps for which such Guarantee or security interest is or becomes illegal. 

“Excluded Taxes” means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a
payment to or on account of a Recipient, (a) any Taxes imposed on or measured by net income (however denominated) or profits, franchise Taxes or branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized
or having its principal office or applicable Lending Office in the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes; (b) in the case of a Lender, any U.S. federal withholding
Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a Law in effect at the time (i) such Lender becomes a party hereto or acquires such interest in the
Loan or Commitment (other than pursuant to Parent’s request under Section 10.13) or (ii) such Lender designates a new Lending Office, except to the extent that such Lender (or its assignor, if any) was entitled, immediately
prior to the time of designation of a new Lending Office (or assignment), to receive additional amounts from a Loan Party with respect to such Taxes pursuant to Section 3.01(a) or (c); (c) any Taxes attributable to such
Recipient’s failure to comply with Section 3.01(d); and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA. 

“Executive Order” has the meaning set forth in Section 5.15. 

“Extended Revolving Credit Commitment” has the meaning set forth in Section 2.16.  

  
 21 

 “Extended Term Loan” has the meaning set forth in Section 2.16. 

“Extending Lender” has the meaning set forth in Section 2.16. 

“Extension” has the meaning set forth in Section 2.16. 

“Extension Offer” has the meaning set forth in Section 2.16. 

“Facility” means the Term Loans, the Revolving Credit Facility, the Swing Line Sublimit or the Letter of Credit Sublimit, as the
context may require. 
 “FCPA” means Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations
thereunder. 
 “FATCA” means Sections 1471 through 1474 of the Code as of the date hereof (and any amended or successor
version that is substantively comparable and not materially more onerous to comply with), any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above) and any current or
future Treasury regulations or official administrative interpretations thereof. 
 “Federal Funds Rate” means, for any day,
the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve
Bank of New York on the Business Day next succeeding such day; provided, that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business
Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole
multiple of 1/100 of 1%) charged to Citibank on such day on such transactions as determined by the Administrative Agent. 
 “Financial
Covenant Event of Default” has the meaning set forth in Section 8.01(b). 
 “Foreign Lender” means any Lender
that is not a “United States person” as defined in Section 7701(a)(30) of the Code. 
 “Foreign Plan” means
any employee benefit plan, program or agreement maintained or contributed to by, or entered into with, Parent or any Subsidiary with respect to employees employed outside the United States (other than benefit plans, programs or agreements that are
mandated by applicable Laws). 
 “Foreign Subsidiary” means (i) any Subsidiary which is not a Domestic Subsidiary or
(ii) any Subsidiary of a Subsidiary described in the preceding clause (i). 
 “FRB” means the Board of Governors
of the Federal Reserve System of the United States. 
 “Fronting Exposure” means, at any time there is a Defaulting Lender,
(a) with respect to any L/C Issuer, such Defaulting Lender’s Applicable Percentage of the outstanding L/C Obligations 

  
 22 

 
with respect to Letters of Credit issued by such L/C Issuer other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or
Cash Collateralized in accordance with the terms hereof and (b) with respect to any Swing Line Lender, such Defaulting Lender’s Applicable Percentage of outstanding Swing Line Loans made by such Swing Line Lender other than Swing Line
Loans as to which such Defaulting Lender’s participation obligation has been reallocated to Non-Defaulting Lenders. 
 “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 activities. 

“GAAP” means generally accepted accounting principles in the United States, as in effect from time to time, subject to
Section 1.03. 
 “Governmental Authority” means any nation or government, any state, county, provincial or other
political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or
functions of or pertaining to government. 
 “Granting Lender” has the meaning specified in Section 10.06(g). 

“Guarantee” means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business),
direct or indirect, in any manner (including letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other obligations. 

“Guaranteed Obligations” has the meaning specified in Section 11.01. 

“Guarantors” means (a) Parent and the Subsidiaries of Parent (other than the Borrowers) party hereto as of the Closing Date and those
Restricted Subsidiaries that issue a Guarantee of the Obligations after the Closing Date pursuant to Section 6.11, in each case (i) other than any Foreign Subsidiary or any CFC Holdco and/or (ii) until released in accordance
with the terms hereof, and (b) with respect to obligations and liabilities owing by any Loan Party (other than the applicable Borrower) in respect of Secured Hedging Agreements or Treasury Services Agreements , each Borrower. 

“Guaranty” means, collectively, the guaranty of the Obligations by the Guarantors pursuant to this Agreement. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or
pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, mold, infectious or medical wastes that are regulated pursuant to, or the Release or exposure to which could
give rise to liability under, applicable Environmental Law. 
 “Hedge Bank” means any Person that is the Administrative Agent, an
Arranger or a Lender or an Affiliate of the Administrative Agent, an Arranger, or a Lender on the Closing Date or at the time it enters into a Secured Hedge Agreement or a Treasury Services Agreement, as applicable,

  
 23 

 
in its capacity as a party thereto, and (other than a Person already party hereto as a Lender) delivers to the Administrative Agent a letter agreement reasonably satisfactory to it agreeing to be
bound by Sections 9.09 and 10.05 as if it were a Lender. 
 “Hedging Obligations” means, with respect to any Person,
the obligations of such Person under any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, commodity swap agreement, commodity cap agreement, commodity collar agreement, foreign exchange contract, currency
swap agreement or similar agreement providing for the transfer or mitigation of interest rate or currency risks either generally or under specific contingencies. 

“Honor Date” has the meaning set forth in Section 2.03(c)(i). 

“Immaterial Subsidiary” means any Subsidiary of Parent that does not have assets (after intercompany eliminations) in excess of $10
million or annual revenues in excess of $5 million, in each case as determined as of the date of the most recent financial statements delivered pursuant to Section 6.01(a). 

“Incremental Amendment” has the meaning set forth in Section 2.14(a). 

“Incremental Term Loans” has the meaning set forth in Section 2.14(a). 

“Indebtedness” means, with respect to any Person, without duplication: 

(a) any indebtedness (including principal and premium) of such Person, whether or not contingent: 

(i) in respect of borrowed money; 
 (ii) evidenced by bonds,
notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without duplication, reimbursement agreements in respect thereof); 

(iii) representing the deferred and unpaid balance of the purchase price of any property, except (x) any such balance that constitutes a trade payable or
similar obligation to a trade creditor, in each case accrued in the ordinary course of business, (y) any earn-out obligations until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP, and
(z) liabilities accrued in the ordinary course of business; or 
 (iv) representing any Hedging Obligations; 

if and to the extent that any of the foregoing Indebtedness (other than letters of credit, bankers’ acceptances (or reimbursement agreements in respect
thereof) and Hedging Obligations) would appear as a liability upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; 

(b) all Attributable Debt and all Capitalized Lease Obligations; 

(c) to the extent not otherwise included, any obligation of such Person to be liable for, or to pay, as obligor, guarantor or otherwise, on Indebtedness of
the type referred to in clause (a) of a 

  
 24 

 
third Person (whether or not such items would appear upon the balance sheet of such obligor or guarantor), other than by endorsement of negotiable instruments for collection in the ordinary
course of business; and 
 (d) to the extent not otherwise included, any Indebtedness of the type referred to in clause (a) of a third Person
secured by a Lien on any asset owned by such first Person (other than Liens on Equity Interests of Unrestricted Subsidiaries securing, respectively, Indebtedness of such Unrestricted Subsidiaries), whether or not such Indebtedness is assumed by such
first Person; provided, for purposes hereof the amount of such Indebtedness shall be the lesser of the Indebtedness so secured and the fair market value of the assets of the first person securing such Indebtedness; 

provided, however, that notwithstanding the foregoing, Indebtedness shall be deemed not to include (a) Contingent Obligations incurred in
the ordinary course of business, (b) deferred or prepaid revenues and (c) obligations under or in respect of Receivables Facilities. 

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

“Indemnitees” has the meaning set forth in Section 10.04. 

“Independent Financial Advisor” means an accounting, appraisal, investment banking firm or consultant to Persons engaged in Similar
Businesses of nationally recognized standing that is, in the good faith judgment of Parent, qualified to perform the task for which it has been engaged.  

“Information” has the meaning set forth in Section 10.07. 

“Intellectual Property Security Agreement” has the meaning specified in Section 4.01(a)(iii). 

“Intercreditor Agreement” means a first lien intercreditor agreement substantially in the form of Exhibit I-1 hereto, among the
Administrative Agent, the Collateral Agent and the representatives for any Additional First Lien Secured Parties (as defined therein) (which agreement in such form or with immaterial changes thereto the Administrative Agent is authorized to enter
into) together with any material changes thereto in light of prevailing market conditions, which material changes shall be posted to the Lenders not less than five (5) Business Days before execution thereof and, if the Required Lenders shall
not have objected to such changes within five (5) Business Days after posting, then the Required Lenders shall be deemed to have agreed that the Administrative Agent’s entry into such intercreditor agreement (with such changes) is
reasonable and to have consented to such intercreditor agreement (with such changes) and to the Administrative Agent’s execution thereof. 

“Interest Payment Date” means, (a) as to any Eurodollar Rate Loan, the last day of each Interest Period applicable to such Loan
and the Maturity Date of the Facility under which such Loan was made; provided, that if any Interest Period for a Eurodollar Rate Loan exceeds three (3) months, the respective dates that fall every three (3) months
after the beginning of such Interest Period shall also be Interest Payment Dates, and (b) as to any Base Rate Loan (including a Swing Line Loan), the last Business Day of each March, June, September and December and the Maturity Date of the
Facility under which such Loan was made. 

  
 25 

 “Interest Period” means, as to each Eurodollar Rate Loan, the period commencing on the
date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one (1), three (3) or six (6) months thereafter or, to the extent agreed by each Lender of such Eurodollar Rate Loan,
twelve (12) months or one (1) week thereafter, as selected by Parent in its Committed Loan Notice; provided, that: 

(a) any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such
Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; 
 (b) any Interest Period
that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end
of such Interest Period; and 
 (c) no Interest Period shall extend beyond the Maturity Date of the Facility under which such Loan was made. 

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent)
by S&P, or an equivalent rating by any other Rating Agency, and in each such case with a “stable” or better outlook. 

“Investment Grade Securities” means: 

(a) securities issued or directly and fully guaranteed or insured by the United States government or any agency or instrumentality thereof (other than Cash
Equivalents); 
 (b) debt securities or debt instruments with an Investment Grade Rating, but excluding any debt securities or instruments constituting
loans or advances among Parent and its Subsidiaries; 
 (c) investments in any fund that invests exclusively in investments of the type described in clauses
(a) and (b) which fund may also hold immaterial amounts of cash pending investment or distribution; and 
 (d) corresponding instruments in
countries other than the United States customarily utilized for high quality investments. 

  
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 “Investments” means, with respect to any Person, all investments by such Person in other
Persons (including Affiliates) in the form of loans (including guarantees), advances or capital contributions (excluding accounts receivable, trade credit, deposits, advances to customers and suppliers, commission, travel and similar advances to
officers and employees, in each case made in the ordinary course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other Person and investments that are required by
GAAP to be classified on the balance sheet (excluding the footnotes) of such Person in the same manner as the other investments included in this definition to the extent such transactions involve the transfer of cash or other property. For purposes
of the definition of “Unrestricted Subsidiary” and Section 7.06: 
 (a) “Investments” shall include
the portion (proportionate to Parent’s direct or indirect equity interest in such Subsidiary) of the fair market value (as determined in good faith by Parent) of the net assets of a Subsidiary of Parent at the time that such Subsidiary is
designated an Unrestricted Subsidiary; provided, however, that upon a redesignation of such Subsidiary as a Restricted Subsidiary, Parent or applicable Restricted Subsidiary shall be deemed to continue to
have a permanent “Investment” in an Unrestricted Subsidiary in an amount (if positive) equal to: 
 (A) Parent’s direct
or indirect “Investment” in such Subsidiary at the time of such redesignation; less 
 (B) the portion (proportionate
to Parent’s direct or indirect equity interest in such Subsidiary) of the fair market value of the net assets of such Subsidiary at the time of such redesignation; and 

(b) any property transferred to or from an Unrestricted Subsidiary shall be valued at its fair market value at the time of such transfer as determined in good
faith by Parent. 
 The amount of any Investment outstanding at any time shall be the original cost of such Investment, without giving effect to subsequent
changes in value but reduced by any dividend, distribution, interest payment, return of capital, repayment or other amount received in cash by Parent or a Restricted Subsidiary in respect of such Investment. 

“IP Rights” has the meaning set forth in Section 5.16. 

“IPO” means the underwritten initial public offering of common stock of Parent (including the issuance of shares of common stock of Parent
pursuant to the option to purchase granted to the underwriters in connection with the IPO) pursuant to the registration statement on Form S-11 initially filed by Parent with the SEC on June 27, 2013, as amended from time to time. 

“IPO Proceeds Transfers” means one or more transfers by Parent of the net proceeds of the IPO (less an amount to
be determined by CBS Corporation equal to the estimated cash portion of the Purging Distributions) to CBS Corporation or a wholly-owned Subsidiary of CBS Corporation in exchange for the contribution of the interests of the entities composing the
“CBS Outdoor” business to Parent, including any true-up transfer in the event that the cash required for the Purging Distributions is less than the amount of the IPO proceeds excluded from the IPO Proceeds Transfers initially. 

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

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

“L/C Advance” means, with respect to each Revolving Credit Lender, such Lender’s funding of its participation in any L/C
Borrowing in accordance with its Pro Rata Share. 

  
 27 

 “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit
which has not been timely reimbursed or refinanced as a Revolving Credit Borrowing in accordance with Section 2.03(c). 
 “L/C
Commitment” mean, with respect to any L/C Issuer, the aggregate face amount of Letters of Credit that such L/C Issuer has committed, in writing, to provide subject to the terms and conditions set forth in this Agreement. The L/C Commitments
of the L/C Issuers as of the Closing Date are as set forth on Schedule 1.01B. 
 “L/C Credit Extension” means, with
respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the renewal or increase of the amount thereof. 

“L/C Issuer” means (a) each Person identified on Schedule 1.01B and (b) any other Lender that becomes an L/C Issuer in
accordance with Section 2.03(k) or 10.06(h) following the Closing Date, in each case, in its capacity as an issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder and, in the case of
clause (b), subject to such Lender’s acceptance of such appointment. Any reference to “L/C Issuer” herein shall be to the applicable L/C Issuer, as appropriate. 

“L/C Obligations” means, as at any date of determination, the Dollar Equivalent of the aggregate undrawn amount of all outstanding
Letters of Credit plus the Dollar Equivalent of the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. 

“Latest Maturity Date” means, at any date of determination, the latest Maturity Date applicable to any Loan or Commitment hereunder at
such time, including the latest maturity date of any Incremental Term Loan Commitment, any Other Term Loan Commitment, any Extended Term Loan, any Extended Revolving Credit Commitment, any Incremental Term Loans, any Incremental Revolving Credit
Commitments, in each case as extended in accordance with this Agreement from time to time. 
 “Laws” means, collectively, all
international, foreign, Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any
Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental
Authority. 
 “Lender” has the meaning specified in the introductory paragraph to this Agreement and, as the context
requires, includes an L/C Issuer and a Swing Line Lender, and their respective successors and assigns as permitted hereunder, each of which is referred to herein as a “Lender.” 

“Lending Office” means, as to any Lender, such office or offices as a Lender may from time to time notify Parent and the
Administrative Agent. 
 “Letter of Credit” means any letter of credit issued hereunder. A Letter of Credit may be a standby
letter of credit. 

  
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 “Letter of Credit Application” means an application and agreement for the issuance or
amendment of a Letter of Credit in the form from time to time in use by the relevant L/C Issuer. 
 “Letter of Credit Expiration
Date” means the day that is five (5) Business Days prior to the scheduled Maturity Date then in effect for the Revolving Credit Facility (or, if such day is not a Business Day, the next preceding Business Day). 

“Letter of Credit Sublimit” means an amount equal to the lesser of (a) $150 million and (b) the aggregate amount of the
Revolving Credit Commitments. The Letter of Credit Sublimit is part of, and not in addition to, the Revolving Credit Facility. 

“LIBOR” has the meaning specified in the definition of “Eurodollar Rate.” 

“Lien” means, with respect to any asset, any mortgage, lien (statutory or otherwise), pledge, hypothecation, charge,
security interest, preference, priority or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in
the nature thereof, any option or similar agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction; provided,
that in no event shall an operating lease be deemed to constitute a Lien. 
 “Liquidity Condition” means, as of any time
of determination, that the sum of (a) cash and Cash Equivalents (other than Restricted Cash) of Parent and its Restricted Subsidiaries at such time plus (b) the aggregate amount of unused Revolving Credit Commitments
at such time shall be no less than $250 million. 
 “Loan” means an extension of credit by a Lender to a Borrower under Article
II in the form of a Term Loan, a Revolving Credit Loan or a Swing Line Loan. 
 “Loan Documents” means, collectively,
(a) this Agreement, (b) the Notes, (c) the Collateral Documents, (d) the Intercreditor Agreement (if any), (e) the Second Lien Intercreditor Agreement (if any) and (f) amendments of and joinders to any Loan Documents
that are deemed pursuant to their terms to be Loan Documents for purposes hereof. 
 “Loan Extension Agreement” means an
agreement among the Borrowers and one or more Extending Lenders implementing the terms of any applicable Extension Offer pursuant to Section 2.16. 

“Loan Parties” means, collectively, Parent, the Borrowers and each Guarantor. 

“Margin Stock” has the meaning specified in Section 5.13(a). 

“Master Agreement” has the meaning specified in the definition of “Swap Contract.” 

“Material Adverse Effect” means a material adverse effect on (a) the business, assets, operations, or financial condition of
Parent and its Subsidiaries, taken as a whole, (b) the ability of Parent and the other Loan Parties, taken as a whole, to perform their obligations under this Agreement, or (c) the material rights and remedies of the Administrative Agent
and the Lenders under this Agreement. 

  
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 “Material Non-Guarantor Subsidiary” means any Non-Guarantor Subsidiary of Parent that has
assets (after intercompany eliminations) in excess of $50 million or annual revenues in excess of $50 million, in each case as determined as of the date of the most recent financial statements delivered pursuant to Section 6.01(a).

 “Material Subsidiary” means any Subsidiary of Parent that is not an Immaterial Subsidiary. 

“Maturity Date” means (a) with respect to the Term Loans, January 31, 2021 and (b) with respect to the Revolving Credit
Facility, January 31, 2019; provided, that if either such day is not a Business Day, the Maturity Date shall be the Business Day immediately succeeding such day. 

“Maximum Incremental Facilities Amount” means, at any date of determination, a principal amount of not greater than (a) $400
million plus (b) an unlimited amount, so long as on a Pro Forma Basis after giving effect to the incurrence of any such Incremental Facility or any Permitted Debt Offering (and after giving effect to any acquisition
consummated concurrently therewith and calculated as if any Incremental Revolving Increase were fully drawn on the closing date thereof), the Consolidated Net Secured Leverage Ratio is equal to or less than 3.50 to 1.00 for the most recently ended
Test Period for which financial statements have been delivered pursuant to Section 6.01, provided, that the principal amount of any Incremental Facilities incurred pursuant to Section 2.14 or any
Permitted Debt Offerings incurred pursuant to Section 7.02(b)(21), in each case, shall reduce the amount in clause (a) on a dollar-for-dollar basis until reduced to zero. 

“Maximum Consolidated Net Secured Leverage Ratio” has the meaning specified in Section 7.09. 

“Maximum Rate” has the meaning specified in Section 10.09. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor to its rating agency business.  

“Mortgage” has the meaning specified in Section 6.11(c). 

“Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the Borrower,
any Subsidiary or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

“Net Income” means, with respect to any Person, the net income (loss) attributable to such Person and its Restricted Subsidiaries,
determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends. 

  
 30 

 “Net Proceeds” means: 

(a) with respect to any Disposition or Casualty Event, 100% of the cash proceeds actually received by Parent or any of its Restricted Subsidiaries from such
Disposition or Casualty Event, net of (i) attorneys’ fees, accountants’ fees, investment banking fees, survey costs, title insurance premiums, and related search and recording charges, transfer taxes, deed or mortgage recording taxes,
required debt payments and required payments of other obligations relating to the applicable asset to the extent such debt or obligations are secured by a Lien permitted hereunder (other than pursuant to the Loan Documents and Credit Agreement
Refinancing Indebtedness) on such asset, other customary expenses and brokerage, consultant and other customary fees actually incurred in connection therewith, (ii) Taxes paid or payable as a result thereof, and (iii) the amount of any
reasonable reserve established in accordance with GAAP against any adjustment to the sale price or any liabilities (other than any taxes deducted pursuant to clause (i) above) (x) related to any of the applicable assets and
(y) retained by Parent or any of its Restricted Subsidiaries including pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations (however, the amount of any
subsequent reduction of such reserve (other than in connection with a payment in respect of any such liability) shall be deemed to be Net Proceeds of such Disposition or Casualty Event occurring on the date of such reduction); provided, that,
if Parent intends to use any portion of such proceeds to acquire, maintain, develop, construct, improve, upgrade or repair assets useful in the business of Parent or any of its Restricted Subsidiaries or to make Permitted Acquisitions or any
acquisition of all or substantially all the assets of, or all the Equity Interests (other than directors’ qualifying shares) in, a Person or division or line of business of a Person (or any subsequent investment made in a Person, division or
line of business previously acquired), in each case within twelve (12) months of such receipt, such portion of such proceeds shall not constitute Net Proceeds except to the extent not, within twelve (12) months of such receipt, so used or
contractually committed to be so used (it being understood that if any portion of such proceeds are not so used within such twelve (12) month period but within such twelve (12) month period are contractually committed to be used, then upon
the termination of such contract or if such Net Proceeds are not so used within the later of such twelve (12) month period and one hundred and eighty (180) days from the entry into such Contractual Obligation, such remaining portion shall
constitute Net Proceeds as of the date of such termination or expiry without giving effect to this proviso) and 
 (b) with respect to any Indebtedness,
100% of the cash proceeds from the incurrence, issuance or sale by Parent or any of its Restricted Subsidiaries of such Indebtedness, net of all taxes and fees (including investment banking fees), commissions, costs and other expenses, in each case
incurred in connection with such issuance or sale. 
 For purposes of calculating the amount of Net Proceeds, fees, commissions and other costs and expenses
payable to Parent or any Affiliate shall be disregarded. 
 “Non-Defaulting Lender” means, at any time, each Lender that is not a
Defaulting Lender at such time. 
 “Non-Extension Notice Date” has the meaning specified in Section 2.03(b)(iii).

 “Non-Guarantor Subsidiary” means any Restricted Subsidiary that is not a Guarantor (other than the Borrowers). 

  
 31 

 “Note” means a Term Note, a Revolving Credit Note or a Swing Line Note, as the context
may require. 
 “NPL” means the National Priorities List under CERCLA. 

“Obligations” means all (a) advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising
under any Loan Document or otherwise with respect to any Loan or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including
interest and fees that accrue after the commencement by or against any Loan Party of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in
such proceeding and (b) obligations of any Loan Party arising under any Secured Hedge Agreement or any Treasury Services Agreement, excluding, in the case of clauses (a) and (b), with respect to any Guarantor at any time, any
Excluded Swap Obligations with respect to such Guarantor at such time. Without limiting the generality of the foregoing, the Obligations of the Loan Parties under the Loan Documents include (i) the obligation (including guarantee obligations)
to pay principal, interest, Letter of Credit fees, reimbursement obligations, charges, expenses, fees, Attorney Costs, indemnities and other amounts payable by any Loan Party or Subsidiary under any Loan Document and (ii) the obligation of any
Loan Party to reimburse any amount in respect of any of the foregoing that any Lender may elect to pay or advance on behalf of such Loan Party or such Subsidiary in accordance with this Agreement. 

“obligations” means any principal (including any accretion), interest (including any interest accruing subsequent to the filing of a
petition in bankruptcy, reorganization or similar proceeding at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under applicable state, federal or foreign law), penalties, fees,
indemnifications, reimbursements (including reimbursement obligations with respect to letters of credit and banker’s acceptances), damages and other liabilities, and guarantees of payment of such principal (including any accretion), interest,
penalties, fees, indemnifications, reimbursements, damages and other liabilities, payable under the documentation governing any Indebtedness. 

“OFAC” means the Trading with the Enemy Act, as amended or any of the foreign asset control regulations of the United States
Department of the Treasury (31 C.F.R. Subtitle B, Chapter V). 
 “Organization Documents” means, (a) with respect to any
corporation, the certificate, charter or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate
or articles of formation or organization and operating agreement or limited liability company agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other
applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its
formation or organization and, if applicable, any certificate or articles of formation or organization of such entity. 
 “Other
Applicable Indebtedness” has the meaning set forth in Section 2.05(b)(i). 

  
 32 

 “Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result
of a present or former connection between such Recipient and the jurisdiction imposing such Tax, other than any connection arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments
under, received or perfected a security interest under, engaged in any other transaction pursuant to, and/or enforced, any Loan Documents. 

“Other Encumbrances” has the meaning specified clause (5) of Section 7.01.  

“Other Taxes” has the meaning specified in Section 3.01(b). 

“Other Term Loan Commitments” means one or more Classes of term loan commitments hereunder to fund Other Term Loans of the applicable
Refinancing Series hereunder that result from a Refinancing Amendment. 
 “Other Term Loans” means one or more Classes of
Term Loans that result from a Refinancing Amendment. 
 “Outstanding Amount” means (a) with respect to the Term Loans,
Revolving Credit Loans and Swing Line Loans on any date, the outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Term Loans, Revolving Credit Loans (including any refinancing of outstanding
unpaid drawings under Letters of Credit or L/C Credit Extensions as a Revolving Credit Borrowing) and Swing Line Loans, as the case may be, occurring on such date; and (b) with respect to any L/C Obligations on any date, the outstanding amount
thereof on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes thereto as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of Credit
(including any refinancing of outstanding unpaid drawings under Letters of Credit or L/C Credit Extensions as a Revolving Credit Borrowing) or any reductions in the maximum amount available for drawing under Letters of Credit taking effect on such
date. 
 “Parent” has the meaning set forth in the introductory paragraph to this Agreement; provided,
that when used in the context of determining fair market value of an asset or liability under this Agreement, “Parent” will mean the board of directors (or equivalent body) of Parent (or a duly appointed committee
thereof) when the fair market value is equal to or in excess of $25 million. 
 “Participant” has the meaning specified in
Section 10.06(d). 
 “Participant Register” has the meaning set forth in Section 10.06(d).  

“PBGC” means the Pension Benefit Guaranty Corporation. 

“Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than
a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by any Loan Party or any ERISA Affiliate or to which any Loan Party or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a
multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five (5) plan years. 

  
 33 

 “Perfection Certificate” means a certificate in the form of Exhibit G-1 hereto or any
other form approved by the Collateral Agent, as the same shall be supplemented from time to time by a Perfection Certificate Supplement or otherwise. 

“Perfection Certificate Supplement” means a certificate supplement in the form of Exhibit G-2 hereto or any other form approved by the
Collateral Agent. 
 “Permitted Acquisition” means any Investment permitted under clause (c) of the definition of Permitted
Investments. 
 “Permitted Asset Swap” means the concurrent purchase and sale or exchange of Related Business Assets or a combination of
Related Business Assets and Cash Equivalents between Parent or any of its Restricted Subsidiaries and another Person; provided, that any Cash Equivalents received must be applied in accordance with Sections 2.05(b) and 7.04.

 “Permitted Debt Offering” means any issuance of senior secured or junior secured or unsecured Indebtedness by any Loan Party after the
Closing Date through an incurrence of term loans or through a public offering or private issuance of debt securities under Rule 144A or Regulation S under the Securities Act, or otherwise; provided that, (a) such Indebtedness may be
secured by a first priority Lien on the Collateral that is pari passu with the Lien securing the Obligations (other than any Permitted Debt Offering Indebtedness incurred in the form of term loans, which shall not be secured by a first
priority Lien on the Collateral), or may be secured by a Lien ranking junior to the Lien on the Collateral securing the Obligations or may be unsecured; (b) such Indebtedness is not secured by any collateral other than the Collateral securing
the Obligations; (c) such Indebtedness does not mature on or prior to the Latest Maturity Date of, or have a shorter Weighted Average Life to Maturity than, the Term Loans; (d) the covenants and events of default in respect of such
Indebtedness, taken as a whole, are substantially similar, or more favorable to the Loan Parties than, those governing the Senior Notes or are otherwise not more restrictive to the Loan Parties in the aggregate than those set forth in this Agreement
(it being understood to the extent that any financial maintenance covenant is added for the benefit of any Permitted Debt Offering, no consent shall be required from the Administrative Agent or any Lender to the extent that such financial
maintenance covenant is also added for the benefit of any corresponding existing Facility); (e) a certificate of a Responsible Officer of the issuing Loan Party delivered to the Administrative Agent at least three (3) Business Days (or
such shorter period as the Administrative Agent may reasonably agree) prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the
documentation relating thereto, stating that the issuing Loan Party has determined in good faith that such terms and conditions satisfy the foregoing requirements shall be conclusive evidence that such terms and conditions satisfy the foregoing
requirements; and (f) none of Parent and its Subsidiaries (other than the Loan Parties) is a guarantor or borrower under such Permitted Debt Offering. Any debt securities (including registered debt securities) issued by any Loan Party in
exchange for any Indebtedness issued in connection with a Permitted Debt Offering in accordance with the terms of a registration rights agreement entered into in connection with the issuance of such Permitted Debt Offering Indebtedness shall also be
considered a Permitted Debt Offering. 

  
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 “Permitted Holders” means (i) CBS Corporation and any of its controlled Affiliates and
(ii) Sumner M. Redstone, National Amusements, Inc. or any controlled Affiliate thereof, in each case, from the Closing Date until such time as such Person beneficially owns less than 50% of the total voting power of the Voting Stock of Parent.

 “Permitted Investments” means: 
 (a) any
Investment in Parent or any of its Restricted Subsidiaries; provided, that any Investment by the Loan Parties in Non-Guarantor Subsidiaries pursuant to this clause (a), together with, but without duplication of, Investments made by
Loan Parties in Non-Guarantor Subsidiaries pursuant to clause (c) below, shall not exceed an aggregate amount outstanding from time to time equal to $200 million; 

(b) any Investment in cash, Cash Equivalents; 
 (c) any
Investment by Parent or any of its Restricted Subsidiaries in a Person that is engaged in a Similar Business if as a result of such Investment such Person becomes a Restricted Subsidiary, or such Person, in one transaction or a series of related
transactions, is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets to, or is liquidated into, Parent or any of its Restricted Subsidiaries; provided: 

(i) that any Investment by the Loan Parties in a Person that becomes a Non-Guarantor Subsidiary pursuant to this clause (c), together with, but without
duplication of, Investments made by Loan Parties in Non-Guarantor Subsidiaries pursuant to clause (a) above, shall not exceed an aggregate amount outstanding from time to time equal to $200 million; 

(ii) no Event of Default shall exist either immediately before or after such purchase or acquisition and 

(iii) Section 6.11 shall be complied with respect to such newly acquired Restricted Subsidiary and property; 

and any Investment held by such Person at the time such Person becomes a Restricted Subsidiary; provided, that such Investment was not acquired by such
Person in contemplation of such acquisition, merger, consolidation or transfer. 
 (d) any Investment in securities or other assets not constituting cash or
Cash Equivalents and received in connection with a Disposition made pursuant to the provisions described under Section 7.04 or any other disposition of assets not constituting a Disposition; 

(e) any Investment existing on the Closing Date or made pursuant to binding commitments in effect on the Closing Date, in each case, as set forth on
Schedule 1.01E or an Investment consisting of any extension, modification or renewal of any Investment existing on the Closing Date; provided, that the amount of any such Investment may only be increased as required by the terms of
such Investment as in existence on the Closing Date; 
 (f) any Investment acquired by Parent or any of its Restricted Subsidiaries: 

(i) in exchange for any other Investment or accounts receivable held by Parent or any such Restricted Subsidiary in connection with or as a result of a
bankruptcy workout, reorganization or recapitalization of the issuer of such other Investment or accounts receivable; 

  
 35 

 (ii) as a result of a foreclosure by Parent or any of its Restricted Subsidiaries with respect to any secured
Investment or other transfer of title with respect to any secured Investment in default; or 
 (iii) as a result of the settlement, compromise or resolution
of litigation, arbitration or other disputes with Persons who are not Affiliates of Parent; 
 (g) Hedging Obligations permitted under
Section 7.02(b)(9); 
 (h) Investments the payment for which consists of Equity Interests (exclusive of Disqualified Stock) of Parent;
provided, however, that such Equity Interests will not increase the amount available for Restricted Payments under Section 7.05(a); 
 (i)
guarantees of Indebtedness permitted under Section 7.02; 
 (j) any transaction to the extent it constitutes an Investment that is permitted and
made in accordance with the provisions of Section 7.07(b) (except transactions described in clauses (2), (6), (8) and (9) thereof); 

(k) Investments consisting of (x) purchases and acquisitions of inventory, supplies, material, services or equipment, or other similar assets or
purchases of contract rights or licenses or leases of intellectual property, in each case in the ordinary course of business or (y) the licensing or contribution of intellectual property pursuant to joint marketing arrangements with other
Persons; 
 (l) Investments in an Unrestricted Subsidiary or a joint venture engaged in a Similar Business having an aggregate fair market value (as
determined in good faith by Parent), taken together with all other Investments made pursuant to this clause (l) that are at that time outstanding, not to exceed the greater of (x) $300 million and (y) 10% of Total Assets at the
time of such Investment (with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in value); 

(m) Investments in a Receivables Subsidiary or any Investment by a Receivables Subsidiary in any Person that, in the good faith determination of Parent are
necessary or advisable to effect any Receivables Facility or any repurchases in connection therewith; 
 (n) advances to, or guarantees of Indebtedness of,
officers, directors and employees not in excess of $5 million outstanding at any one time, in the aggregate; 
 (o) loans and advances to officers,
directors and employees for business-related travel expenses, moving expenses, payroll expenses and other similar expenses, in each case incurred in the ordinary course of business or consistent with past practices or to fund such Person’s
purchase of Equity Interests of Parent; 

  
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 (p) any Investment in any Subsidiary or joint venture in connection with intercompany cash management
arrangements or related activities arising in the ordinary course of business; 
 (q) other Investments (including Investments in Unrestricted Subsidiaries
and other Persons that do not become Loan Parties) having an aggregate fair market value (as determined in good faith by Parent), taken together with all other Investments made pursuant to this clause (q) that are at the time
outstanding, not to exceed the greater of (x) $300 million and (y) 10% of Total Assets; and 
 (r) endorsements for collection or deposit in the
ordinary course of business. 
 For the avoidance of doubt, an Investment in the form of acquisitions permitted above may be structured as an
“UPREIT” acquisition, in which a Restricted Subsidiary would issue limited partnership interests (or other similar Equity Interests), which may then be subsequently repurchased for either common shares of Parent or cash. 

“Permitted Junior Secured Refinancing Debt” means any secured Indebtedness (including any Registered Equivalent Notes) incurred by a Borrower
in the form of one or more series of second lien (or other junior lien) secured notes or second lien (or other junior lien) secured loans; provided, that (a) such Indebtedness is secured by the Collateral on a second priority (or other
junior priority) basis to the liens securing the Obligations and the obligations in respect of any Permitted Pari Passu Secured Refinancing Debt and is not secured by any property or assets of Parent or any Restricted Subsidiary other than the
Collateral, (b) such Indebtedness may be secured by a Lien on the Collateral that is junior to the Liens securing the Obligations and the obligations in respect of any Permitted Pari Passu Secured Refinancing Debt, notwithstanding any provision
to the contrary contained in the definition of Credit Agreement Refinancing Indebtedness, (c) a Representative acting on behalf of the holders of such Indebtedness shall have become party to or otherwise subject to the provisions of a Second
Lien Intercreditor Agreement with the Borrowers, the Guarantors and the Administrative Agent, and (d) such Indebtedness meets the Permitted Other Debt Conditions. Permitted Junior Secured Refinancing Debt will include any Registered Equivalent
Notes issued in exchange therefor. 
 “Permitted Liens” has the definition assigned to such term in Section 7.01. 

“Permitted Other Debt Conditions” means that such applicable debt (a) does not mature or have scheduled amortization payments of
principal or payments of principal and is not subject to mandatory redemption, repurchase, prepayment or sinking fund obligations (other than customary offers to repurchase upon a change of control, asset sale or event of loss and a customary
acceleration right after an event of default), in each case prior to the Latest Maturity Date at the time such Indebtedness is incurred, (b) is not at any time guaranteed by any Subsidiaries other than Subsidiaries that are Guarantors,
(c) to the extent secured, the security agreements relating to such Indebtedness are substantially the same as or more favorable to the Loan Parties than the Collateral Documents (with such differences as are reasonably satisfactory to the
Administrative Agent) and (d) in regard to any Refinancing Notes, the other terms and conditions (excluding pricing and optional prepayment or redemption terms) are substantially identical to or (taken as a whole) less favorable to the
investors providing such Refinancing Notes than the those applicable to the Term Loan Facility being refinanced (except for covenants or other provisions applicable 

  
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only to periods after the latest final maturity date of the Term Loan Facility and it being understood that the terms contained in the Senior Notes Indenture satisfy the requirements of this
clause (d)); provided, that a certificate of a Responsible Officer delivered to the Administrative Agent at least five (5) Business Days prior to the incurrence of the applicable Indebtedness, together with a reasonably detailed
description of the material terms and conditions of such Indebtedness and drafts of the documentation relating thereto, stating that Parent has determined in good faith that such terms and conditions satisfy the requirements of this clause
(d) shall be conclusive evidence that such terms and conditions satisfy such requirements. 
 “Permitted Pari Passu Secured Refinancing
Debt” means any secured Indebtedness (including any Registered Equivalent Notes) incurred by a Borrower in the form of one or more series of senior secured notes; provided, that (a) such Indebtedness is secured by the Collateral
on a pari passu basis (but without regard to the control of remedies) with the Obligations and is not secured by any property or assets of Parent or Restricted Subsidiary other than the Collateral, (b) such Indebtedness is not at any
time guaranteed by any Subsidiaries other than Subsidiaries that are Guarantors, (c) such Indebtedness, (i) unless incurred as a term loan under this Agreement, does not mature or have scheduled amortization or payments of principal (other
than customary offers to repurchase upon a change of control, asset sale or event of loss and a customary acceleration right after an event of default) prior to the date that is the Latest Maturity Date at the time such Indebtedness is incurred or
issued, and (ii) if incurred as a term loan under this Agreement, does not mature earlier than, or have a Weighted Average Life to Maturity shorter than, the applicable Refinanced Debt, (d) the security agreements relating to such
Indebtedness (to the extent such Indebtedness is not incurred hereunder) are substantially the same as or more favorable to the Loan Parties than the Collateral Documents (with such differences as are reasonably satisfactory to the Administrative
Agent), (e) to the extent such Indebtedness is not incurred hereunder, a Representative acting on behalf of the holders of such Indebtedness shall have become party to or otherwise subject to the provisions of an Intercreditor Agreement with
the Administrative Agent and (f) such Indebtedness, if consisting of Refinancing Notes, satisfies clause (d) of the definition of Permitted Other Debt Conditions. Permitted Pari Passu Secured Refinancing Debt will include any Registered
Equivalent Notes issued in exchange therefor. 
 “Permitted Unsecured Refinancing Debt” means unsecured Indebtedness (including any
Registered Equivalent Notes) incurred by the Borrowers in the form of one or more series of senior unsecured notes or loans; provided, that (a) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness and (b) meets
the Permitted Other Debt Conditions. 
 “Person” means any individual, corporation, limited liability company, partnership, joint venture,
association, joint stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Plan” means any “employee benefit plan” as such term is defined in Section 3(3) of ERISA established or maintained by any
Loan Party or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate. 

“Platform” has the meaning assigned to such term in Section 6.02. 

  
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 “Preferred Stock” means any Equity Interest with preferential rights of payment of dividends or
upon liquidation, dissolution, or winding up. 
 “Prepayment Premium” has the meaning specified in Section 2.05(a)(iii). 

“Pro Forma Basis” and “Pro Forma Compliance” mean, with respect to compliance with any test or covenant hereunder, that such test
or covenant shall have been calculated in accordance with Section 1.08. 
 “Pro Rata Share” means, with respect to each Lender at
any time a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Commitments of such Lender under the applicable Facility or Facilities at such time and the denominator of which is
the amount of the Aggregate Commitments under the applicable Facility or Facilities at such time; provided, that if such Commitments have been terminated, then the Pro Rata Share of each Lender shall be determined based on the Pro Rata Share
of such Lender immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms hereof. 

“Projections” means financial projections of Parent and its subsidiaries through 2017 following the Closing Date, which will be prepared on a
pro forma basis after giving effect to the Closing Date Transactions and will include consolidated income statements (with Consolidated EBITDA clearly noted) and a pro forma consolidated balance sheet of Parent and its subsidiaries as
at the Closing Date, all of which will be in form and substance and at levels reasonably satisfactory to the Arrangers. 
 “Public Lender”
has the meaning assigned to such term in Section 6.02. 
 “Purging Distributions” means dividends and distributions after Parent
ceases to be consolidated with CBS Corporation for U.S. federal income tax purposes, whether in cash or kind, in the amount required (as determined in good faith by Parent) to effect the distribution of Parent’s earnings and profits required by
Section 857(a)(2)(B) of the Code in connection with or in anticipation of the REIT Election (including, for the avoidance of doubt, any earnings and profits allocated to Parent in connection with the Separation) and any subsequent
“true-up” payments to correct for recalculations of the appropriate amount. 
 “Qualified ECP Guarantor” means, in respect of any
Swap Obligation, each Guarantor that, at the time the relevant Guarantee or grant of the relevant security interest becomes effective with respect to such Swap Obligation, has total assets exceeding $10 million or such other person as constitutes an
“eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” with respect to such Swap Obligation at such
time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Quarterly Financial Statements”
means the unaudited consolidated balance sheets and related consolidated statements of operations and cash flows of Parent and its subsidiaries for the fiscal quarters ended March 31, 2013, June 30, 2013 and September 31, 2013.

  
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 “Rating Agencies” means Moody’s and S&P or if Moody’s or S&P or both shall not
make a rating on the Facilities publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by Parent which shall be substituted for Moody’s or S&P or both, as the case may be. 

“Ratio” means each of (a) Consolidated Net Secured Leverage Ratio, (b) Consolidated Secured Leverage Ratio, (c) Consolidated
Total Leverage Ratio and (d) Maximum Consolidated Net Secured Leverage Ratio. 
 “Real Property” means, collectively, all right, title
and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned, leased or operated by any Person, whether by lease, license or other means, together with, in each case, all
easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

 “Receivables Facility” means any of one or more receivables financing facilities as amended, supplemented, modified, extended, renewed,
restated or refunded from time to time, the obligations of which are non-recourse (except for customary representations, warranties, covenants and indemnities made in connection with such facilities) to Parent or any of its Restricted Subsidiaries
(other than a Receivables Subsidiary) pursuant to which Parent or any of its Restricted Subsidiaries sells its accounts receivable to either (a) a Person that is not a Restricted Subsidiary or (b) a Receivables Subsidiary that in turn
sells its accounts receivable to a Person that is not a Restricted Subsidiary. 
 “Receivables Fees” means distributions or payments made
directly or by means of discounts with respect to any accounts receivable or participation interest therein issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables
Facility. 
 “Receivables Subsidiary” means any Subsidiary formed for the purpose of, and that solely engages only in one or more
Receivables Facilities and other activities reasonably related thereto. 
 “Recipient” means the Administrative Agent, any Lender and any
L/C Issuer, as applicable. 
 “Refinanced Debt” has the meaning set forth in the definition of “Credit Agreement Refinancing
Indebtedness.” 
 “Refinancing Amendment” means an amendment to this Agreement executed by each of (a) the Borrowers,
(b) the Administrative Agent, and (c) each Additional Refinancing Lender and each Lender that agrees to provide any portion of the Other Term Loans or Other Term Loan Commitments incurred pursuant thereto, in accordance with
Section 2.15, and provided, that the Indebtedness pursuant to any such Refinancing Amendment (i) does not mature earlier than, or have a Weighted Average Life to Maturity shorter than, the applicable Refinanced Debt and
(ii) is not at any time guaranteed by any Subsidiaries other than Subsidiaries that are Guarantors. 
 “Refinancing Notes” means
Credit Agreement Refinancing Indebtedness incurred in the form of notes rather than loans. 

  
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 “Refinancing Series” means all Other Term Loans or Other Term Loan Commitments that are
established pursuant to the same Refinancing Amendment (or any subsequent Refinancing Amendment to the extent such Refinancing Amendment expressly provides that the Other Term Loans or Other Term Loan Commitments provided for therein are intended to
be a part of any previously established Refinancing Series) and that provide for the same yield (taking into account any applicable interest rate margin, original issue discount, up-front fees and any LIBOR “floor”) and amortization
schedule (if any). 
 “Refunding Capital Stock” has the meaning set forth in Section 7.05(c). 

“Register” has the meaning set forth in Section 10.06(c). 

“Registered Equivalent Notes” means, with respect to any notes originally issued in an offering pursuant to Rule 144A under the Securities
Act or other private placement transaction under the Securities Act, substantially identical notes (having the same guarantees) issued in a dollar-for-dollar exchange therefor pursuant to an exchange offer registered with the SEC. 

“REIT” means a domestic trust or corporation that qualifies as a real estate investment trust under the provisions of Sections 856 et seq. of
the Code. 
 “REIT Election” means Parent’s election to be, and qualification to be taxed as, a real estate investment trust for U.S.
federal income tax purposes. 
 “Rejection Notice” has the meaning set forth in Section 2.05(b)(v). 

“Related Business Assets” means assets (other than Cash Equivalents) used or useful in a Similar Business; provided, that any assets
received by Parent or a Restricted Subsidiary in exchange for assets transferred by Parent or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities
of such Person, such Person would be or become a Restricted Subsidiary. 
 “Related Parties” means, with respect to any Person, such
Person’s Affiliates and the partners, directors, officers, employees, agents, trustees and advisors of such Person and of such Person’s Affiliates. 

“Release” means any spilling, leaking, seepage, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping,
disposing, depositing, dispersing or migrating in, into, onto or through the Environment. 
 “Reportable Event” means any of the events set
forth in Section 4043(c) of ERISA or the regulations issued thereunder, other than events for which the thirty (30) day notice period has been waived. 

“Representative” means, with respect to any Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar
agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities. 

  
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 “Repricing Transaction” means any prepayment (including by way of any repricing, refinancing,
replacement or conversion) of all or a portion of the initial Term Loans with proceeds from the incurrence by a Borrower of any new indebtedness having an All-In Yield that is less than the All-In Yield of the initial Term Loans (excluding any
prepayments, repricings or refinancings in connection with a Change of Control) (as such comparable yields are determined in the reasonable judgment of the Administrative Agent consistent with generally accepted financial practices), including as
may be effected through any amendment to this Agreement relating to the All-In Yield of the initial Term Loans. 
 “Request for Credit
Extension” means (a) with respect to a Borrowing, continuation or conversion of Term Loans or Revolving Credit Loans, a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and
(c) with respect to a Swing Line Loan, a Swing Line Loan Notice. 
 “Required Class Lenders” means, as of any date of
determination, Lenders of a Class having more than 50% of the sum of (a) the Total Outstandings (with, in the case of the Revolving Credit Facility, the aggregate amount of each Lender’s risk participation and funded participation in L/C
Obligations and Swing Line Loans being deemed “held” by such Lender for purposes of this definition) of all Lenders of such Class and (b) the aggregate unused Commitments of all Lenders of such Class; provided,
that the unused Commitment and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender of such Class shall be excluded for purposes of making a determination of Required Class Lenders;
provided, further, that solely with respect to Section 8.02(d), in regard to any Designated Standalone Letter of Credit Facility, (i) any calculation of Required Class Lenders shall include
an amount equal to the sum of (1) all issued and outstanding letters of credit under such Designated Standalone Letter of Credit Facility (other than to the extent cash collateralized or backstopped in accordance with the terms thereof) and
(2) any unused commitments under such Designated Standalone Letter of Credit Facility and (ii) such Designated Issuing Bank shall be deemed to be a Lender in respect of such amounts for purposes of such calculation. 

“Required Lenders” means, as of any date of determination, Lenders having more than 50% of the sum of the (a) Total Outstandings
(with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Lender for purposes of this definition), (b) aggregate unused Term
Commitments, and (c) aggregate unused Revolving Credit Commitments; provided, that the unused Term Commitment and unused Revolving Credit Commitment of, and the portion of the Total Outstandings held or deemed held by, any
Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders; provided, further, that solely with respect to Section 8.02(d), in regard to any Designated
Standalone Letter of Credit Facility, (i) any calculation of Required Lenders shall include an amount equal to the sum of (1) all issued and outstanding letters of credit under such Designated Standalone Letter of Credit Facility (other
than to the extent cash collateralized or backstopped in accordance with the terms thereof) and (2) any unused commitments under such Designated Standalone Letter of Credit Facility and (ii) such Designated Issuing Bank shall be deemed to
be a Lender in respect of such amounts for purposes of such calculation. 
 “Responsible Officer” means the chief executive
officer, president, vice president, chief financial officer, treasurer or assistant treasurer or other similar officer of a Loan Party and, as to any  

  
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document delivered on the Closing Date, any secretary or assistant secretary of such Loan Party and, solely for purposes of notices given pursuant to Article II, any other officer or
employee of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to
have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

“Restricted Cash” means cash and Cash Equivalents held by Restricted Subsidiaries that is contractually restricted from being distributed to
Parent, except for such restrictions that are contained in agreements governing Indebtedness permitted under this Agreement and that is secured by such cash or Cash Equivalents. 

“Restricted Investment” means any Investment other than a Permitted Investment. 

“Restricted Payment” has the meaning set forth in Section 7.05. 

“Restricted Subsidiary” means, at any time, each direct and indirect Subsidiary of Parent (including any Foreign Subsidiary) that is not then
an Unrestricted Subsidiary; provided, however, that upon the occurrence of an Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such Subsidiary shall be included in the definition of “Restricted
Subsidiary.” For the avoidance of doubt, each of the Borrowers shall constitute a Restricted Subsidiary under this Agreement, and neither Borrower may be designated as an Unrestricted Subsidiary. 

“Revaluation Date” means with respect to any Letter of Credit, each of the following: (a) each date of issuance of a Letter of Credit
denominated in an Alternative Currency, (b) each date of an amendment or extension of any such Letter of Credit and (c) each date of any payment by the applicable L/C Issuer under any Letter of Credit denominated in an Alternative
Currency. 
 “Revolving Commitment Increase” has the meaning set forth in Section 2.14(a). 

“Revolving Commitment Increase Lender” has the meaning set forth in Section 2.14(a). 

“Revolving Credit Borrowing” means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and Class and, in the case
of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders of such Class pursuant to Section 2.01(b). 

“Revolving Credit Commitment” means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the
Borrowers pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations in respect of Letters of Credit, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time
outstanding not to exceed the amount set forth, and opposite such Lender’s name on Schedule 1.01A under the caption “Revolving Credit Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes
a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The aggregate Revolving Credit Commitments of all Revolving Credit Lenders shall be $425 million
on the Closing Date, as such amount may be adjusted from time to time in accordance with the terms of this Agreement. 

  
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 “Revolving Credit Exposure” means, as to each Revolving Credit Lender, the sum of the amount of
the outstanding principal amount of such Revolving Credit Lender’s Revolving Credit Loans and its Pro Rata Share of the amount of the L/C Obligations and the Swing Line Obligations at such time. 

“Revolving Credit Facility” means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at
such time. 
 “Revolving Credit Lender” means, at any time, any Lender that has a Revolving Credit Commitment at such time. 

“Revolving Credit Loans” has the meaning specified in Section 2.01(b). 

“Revolving Credit Note” means a promissory note of the Borrowers payable to any Revolving Credit Lender or its registered assigns, in
substantially the form of Exhibit C-2 hereto, evidencing the aggregate Indebtedness of the Borrowers to such Revolving Credit Lender resulting from the Revolving Credit Loans made by such Revolving Credit Lender to the Borrowers. 

“Revolving Extension Offers” has the meaning specified in Section 2.16(a). 

“S&P” means Standard & Poor’s Financial Services, LLC, a subsidiary of The McGraw-Hill Companies, Inc., and any successor
to its rating agency business. 
 “Sale and Lease-Back Transaction” means any arrangement providing for the leasing by Parent or any of its
Restricted Subsidiaries of any real or tangible personal property, which property has been or is to be sold or transferred for value by such Person to a third Person in contemplation of such leasing. 

“Same Day Funds” means immediately available funds. 

“Sanction” or “Sanctions” means (a) any international economic sanction, administered or enforced by the United States
Government (including OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other applicable sanctions authority and (b) any applicable requirement of Law relating to terrorism or money laundering. 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions. 

“Second Lien Intercreditor Agreement” means an intercreditor agreement substantially in the form of Exhibit I-2 hereto (which
agreement in such form or with immaterial changes thereto the Administrative Agent is authorized to enter into) together with any material changes thereto in light of prevailing market conditions, which material changes shall be posted to the
Lenders not less than five (5) Business Days before execution thereof and, if the Required Lenders shall not have objected to such changes within five (5) Business Days after posting, then the Required Lenders shall be deemed to have
agreed that the Administrative Agent’s entry into such intercreditor agreement (with such changes) is reasonable and to have consented to such intercreditor agreement (with such changes) and to the Administrative Agent’s execution thereof.

  
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 “Secured Hedge Agreement” means any Swap Contract permitted under Article VII that is
entered into by and between any Loan Party and any Hedge Bank. 
 “Secured Parties” means, collectively, the Administrative Agent, the
Collateral Agent, the Lenders, the Hedge Banks and each co-agent or sub-agent appointed by the Administrative Agent or Collateral Agent from time to time pursuant to Section 9.02. 

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

“Security Agreement” has the meaning specified in Section 4.01(a)(iii). 

“Senior Notes” means (a) $400 million in an aggregate principal amount of the Borrowers’ 5.250% senior unsecured notes due 2022 and
(b) $400 million in an aggregate principal amount of the Borrowers’ 5.625% senior unsecured notes due 2024. 
 “Senior Notes
Indenture” means the Indenture for the Senior Notes, dated as of January 31, 2014, between the Borrowers as issuers, Deutsche Bank Trust Company Americas, as trustee, and the other entities from time to time party thereto, as the same
may be amended, modified, supplemented, replaced or refinanced to the extent not prohibited by this Agreement. 
 “Separation” means the
disposition of all of the Capital Stock of Parent held by CBS Corporation and its applicable Subsidiaries in one or a series of transactions, including by way of the IPO and by way of a tax-free split-off or tax-free spin-off, pursuant to which CBS
Corporation will (a) offer its stockholders the option to exchange their shares of CBS Corporation’s common stock for shares of Parent’s common stock in an exchange offering or exchange offerings and/or (b) distribute Parent
common stock held by CBS Corporation on a pro rata basis to CBS Corporation’s shareholders whose CBS Corporation common stock remains outstanding after any exchanges are consummated. 

“Similar Business” means any business conducted or proposed to be conducted by Parent and its Restricted Subsidiaries on the Closing Date or
any business that is similar, reasonably related, complimentary, incidental or ancillary thereto. 
 “Solvent” and
“Solvency” mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of
such Person; (b) the present fair salable value of the assets of such Person is greater than the amount that will be required to pay the probable liability of such Person on the sum of its debts and other liabilities, including contingent
liabilities; (c) such Person has not incurred debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they become due (whether at maturity or otherwise); and (d) such Person does not have unreasonably
small capital with which to conduct the businesses in which it is engaged as such businesses are now conducted and are proposed to be conducted following the Closing Date. The amount of contingent liabilities at any time shall be computed as the
amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

“SPC” has the meaning specified in Section 10.06(g). 

  
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 “Specified Transaction” means, with respect to any period, any Investment, Disposition,
incurrence or repayment of Indebtedness, Restricted Payment, Subsidiary designation (as “Restricted” or “Unrestricted”), merger, amalgamation, consolidation, Incremental Term Loan or Revolving Commitment Increase or any other
transaction that by the terms of this Agreement requires “Pro Forma Compliance” with a test or covenant hereunder or requires such test or covenant to be calculated on a “Pro Forma Basis”. 

“Standalone Letter of Credit Facility” means any bi-lateral letter of credit facility provided by a Lender or an Affiliate of a Lender for
the benefit of Parent and/or its Subsidiaries, as may be amended, restated, amended and restated, refinanced or replaced from time to time. 

“Subordinated Indebtedness” means: 

(a) any Indebtedness of a Borrower which is by its terms subordinated in right of payment to the Obligations; and 

(b) any Indebtedness of a Guarantor which is by its terms subordinated in right of payment to the Guaranty of such Guarantor. 

“Subsidiary” means, with respect to any Person: 

(a) any corporation, association, or other business entity (other than a partnership, joint venture, limited liability company or similar entity) of which
more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time of determination owned or controlled,
directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof; and 
 (b) any partnership, joint
venture, limited liability company or similar entity of which 
 (A) more than 50% of the voting interests or general partnership interests, as applicable,
are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in the form of membership, general, special or limited partnership or otherwise; and 

(B) such Person or any Restricted Subsidiary of such Person is a controlling general partner or otherwise controls such entity. 

“Successor Company” has the meaning specified in Section 7.03(d). 

“Survey” means a survey of any Real Property subject to a Mortgage (and all improvements thereon) which is (a) (i) prepared by a
surveyor or engineer licensed to perform surveys in the jurisdiction where such Real Property is located, (ii) dated (or redated) not earlier than six (6) months prior to the date of delivery thereof unless there shall have occurred within
six (6) months prior to such date of delivery any material change to such Real Property, improvements or any easement, right of way or other interest in the Real Property has been granted or become

  
 46 

 
effective through operation of law or otherwise with respect to such Real Property which, in either case, can be depicted on a survey, in which events, as applicable, such survey shall be dated
(or redated) after the completion of such construction or if such construction shall not have been completed as of such date of delivery, not earlier than thirty (30) days prior to such date of delivery, or after the grant or effectiveness of
any such easement, right of way or other interest in the subject Real Property, (iii) certified by the surveyor (in a manner reasonably acceptable to the Administrative Agent) to the Administrative Agent, the Collateral Agent and the title
company, (iv) complying in all material respects with the minimum detail requirements of the American Land Title Association as such requirements are in effect on the date of preparation of such survey including a survey endorsement, and
(v) sufficient for the title company to issue a Title Policy, or (b) otherwise reasonably acceptable to the Collateral Agent. 

“Swap” means any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1 a(47) of the
Commodity Exchange Act. 
 “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions,
forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index
transactions, interest rate swaps and options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or
any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all
transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign
Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 

“Swap Obligation” means, with respect to any Guarantor, any obligation to pay or perform under any Swap. 

“Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section 2.04. 

“Swing Line Facility” means the swing line loan facility made available by the Swing Line Lenders pursuant to Section 2.04. 

“Swing Line Lender” means Citibank, in its capacity as provider of Swing Line Loans or any successor or additional swing line lender
hereunder. 
 “Swing Line Loan” has the meaning specified in Section 2.04(a). 

“Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall be
substantially in the form of Exhibit B hereto. 
 “Swing Line Note” means a promissory note of the Borrowers payable to any Swing
Line Lender or its registered assigns, in substantially the form of Exhibit C-3 hereto, evidencing the aggregate Indebtedness of the Borrowers to such Swing Line Lender resulting from the Swing Line Loans. 

  
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 “Swing Line Obligations” means, as at any date of determination, the aggregate principal amount
of all Swing Line Loans outstanding. 
 “Swing Line Sublimit” means an amount equal to the lesser of (a) $100 million and (b) the
aggregate amount of the Revolving Credit Commitments. The Swing Line Sublimit is part of, and not in addition to, the Revolving Credit Commitments. 

“Taxes” means any present or future taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges imposed by
any Governmental Authority, including any interest, additions to tax and penalties applicable thereto. 
 “Tax Group” has the meaning
specified in Section 7.05(m). 
 “Term Borrowing” means a borrowing consisting of simultaneous Term Loans of the same Type and
currency and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders. 
 “Term Commitment”
means, as to each Term Lender, its obligation to make a Term Loan to the Borrowers pursuant to Section 2.01 (a) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1.01A
under the caption “Term Commitment” or in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement
(including Section 2.14). The initial aggregate amount of the Term Commitments is $800 million. 
 “Term Lender” means, at any
time, any Lender that has a Term Commitment or a Term Loan at such time. 
 “Term Loan” means a Loan made pursuant to
Section 2.01(a). 
 “Term Loan Standstill Period” has the meaning set forth in Section 8.01(b). 

“Term Note” means a promissory note of the Borrowers payable to any Term Lender or its registered assigns, in substantially the form of
Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrowers to such Term Lender resulting from the Term Loans made by such Term Lender. 

“Term Extension Offers” has the meaning specified in Section 2.16(a). 

“Test Period” means, for any date of determination under this Agreement, the four consecutive fiscal quarters of Parent then last ended. 

“Threshold Amount” means $50 million (or the equivalent thereof in any foreign currency). 

  
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 “Title Policy” means a policy of title insurance (or marked-up title insurance commitment having
the effect of a policy of title insurance) insuring the Lien of a Mortgage as a valid mortgage Lien (subject only to Permitted Liens) on the mortgaged property and fixtures described therein in the amount equal to no more than the fair market value
of such mortgaged property and fixtures, issued by a title company reasonably acceptable to the Collateral Agent which shall (a) to the extent necessary, include such reinsurance arrangements (with provisions for direct access, if necessary) as
shall be reasonably acceptable to the Collateral Agent; (b) contain a “tie-in” or “cluster” endorsement, if available under applicable law (i.e., policies which insure against losses regardless of location or allocated value
of the insured property up to a stated maximum coverage amount); (c) have been supplemented by such endorsements as shall be reasonably requested by the Collateral Agent (including endorsements on matters relating to usury, first loss, last
dollar, zoning, contiguity, revolving credit, doing business, non-imputation, public road access, survey, variable rate, environmental lien, subdivision, mortgage recording tax, separate tax lot, revolving credit and so-called comprehensive coverage
over covenants and restrictions, provided that, where the cost of a zoning endorsement is excessive in light of nature of the transaction the Administrative Agent shall reasonably consider Parent’s requests to waive such zoning
endorsement and to provide a zoning opinion, report or other letter in form and substance reasonably satisfactory to the Administrative Agent; and (d) affirmatively insure against loss arising out from or contain no exceptions to title other
than Liens permitted hereunder. 
 “Total Assets” means total assets of Parent and its Restricted Subsidiaries on a consolidated basis,
shown on the most recent balance sheet of Parent and its Restricted Subsidiaries delivered pursuant to Section 6.01 as may be expressly stated without giving effect to any amortization of the amount of intangible assets since the Closing
Date, with such pro forma adjustments as are appropriate and consistent with the pro forma adjustment provisions set forth in Section 1.08. 

“Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C Obligations. 

“Transactions” means a collective reference to (a) Borrowers’ entry into the Facilities documented hereunder, (b) the
Separation, (c) the REIT Election, (d) the IPO, (e) the issuance of the Senior Notes and (f) the Transfers. For the avoidance of doubt, the Transactions shall not include the Purging Distribution. 

“Transfers” means a collective reference to the Debt Proceeds Transfers and the IPO Proceeds Transfers. 

“Treasury Services Agreement” means (a) any agreement between any Loan Party and any Hedge Bank relating to commercial credit or debit
card, merchant card, or purchasing card programs (including non-card e-payables services), or treasury, depository, or cash management services (including automatic clearing house transfer of funds, overdraft, controlled disbursement, electronic
funds transfer, lockbox, stop payment, return item and wire transfer services) and (b) any Designated Standalone Letter of Credit Facility. 

“Type” means, with respect to a Loan, its character as a Base Rate Loan or a Eurodollar Rate Loan. 

  
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 “U.S. Lender” means any Lender that is a “United States person” as defined in
Section 7701(a)(30) of the Code. 
 “Undisclosed Administration” means in relation to a Lender the appointment of an administrator,
provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator under or based on the law in the country where such Lender is subject to home jurisdiction supervision if applicable
law requires that such appointment is not to be publicly disclosed. 
 “Uniform Commercial Code” or “UCC” means the
Uniform Commercial Code as the same may from time to time be in effect in the State of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may be required to apply to any item or items of
Collateral. 
 “United States” and “U.S.” mean the United States of America. 

“United States Tax Compliance Certificate” has the meaning set forth in Section 3.01(d). 

“Unreimbursed Amount” has the meaning set forth in Section 2.03(c)(i). 

“Unrestricted Subsidiary” means: 
 (a) any
Subsidiary of Parent which at the time of determination is an Unrestricted Subsidiary (as designated by Parent, pursuant to Section 6.14); and 

(b) any Subsidiary of an Unrestricted Subsidiary. 
 As of the
Closing Date, all of Parent’s Subsidiaries are Restricted Subsidiaries. 
 “USA Patriot Act” has the meaning specified in Section
5.15. 
 “Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in the
election of the board of directors (or equivalent body) or other governing body of such Person. 
 “Weighted Average Life to Maturity”
means, when applied to any Indebtedness, Disqualified Stock or Preferred Stock, as the case may be, at any date, the quotient obtained by dividing: (a) the sum of the products of the number of years from the date of determination to the date of
each successive scheduled principal payment of such Indebtedness or scheduled redemption or similar payment with respect to such Disqualified Stock or Preferred Stock multiplied by the amount of such payment, by (b) the sum of all such
payments; provided, that for purposes of determining the Weighted Average Life to Maturity of any Refinanced Debt or any Indebtedness that is being modified, refinanced, refunded, renewed, replaced or extended, the effects of any amortization
or prepayments made on such Indebtedness prior to the date of the applicable modification, refinancing, refunding, renewal, replacement or extension shall be disregarded. 

“Wholly-Owned Subsidiary” of any Person means a Subsidiary of such Person, 100% of the outstanding Equity Interests of which (other than
directors’ qualifying shares and shares required to be held by foreign nationals) shall at the time be owned by such Person or by one or more Wholly-Owned Subsidiaries of such Person. 

  
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 “Withholding Agent” means any Loan Party, the Administrative Agent and, in the case of any U.S.
federal withholding Tax, any other applicable withholding agent. 
 Section 1.02. Other Interpretive Provisions. 

With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 

(a) The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms. 

(b) The words “herein,” “hereto,” “hereof” and “hereunder “and words of similar import when used in
any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof. 
 (c) Article, Section, Exhibit
and Schedule references are to the Loan Document in which such reference appears. 
 (d) The term “including” is by way of example
and not limitation. 
 (e) The term “documents” includes any and all instruments, documents, agreements, certificates, notices,
reports, financial statements and other writings, however evidenced, whether in physical or electronic form. 
 (f) In the computation of
periods of time from a specified date to a later specified date, the word “from” means “from and including; “the words “to” and “until” each mean “to but excluding; “and the word “through”
means “to and including.” 
 (g) Section headings herein and in the other Loan Documents are included for convenience of reference
only and shall not affect the interpretation of this Agreement or any other Loan Document. 
 Section 1.03. Accounting Terms;
GAAP. 
 (a) All accounting terms not specifically or completely defined herein shall be construed in conformity with GAAP, except as
otherwise specifically prescribed herein. 
 (b) Notwithstanding anything to the contrary herein, for purposes of this Agreement (including
in determining compliance with any test or covenant contained herein) with respect to (i) any Test Period during which any Specified Transaction occurs, the applicable Ratio shall be calculated with respect to such Test Period and such
Specified Transaction on a Pro Forma Basis and (ii) any Test Period with respect to which testing is based on a Specified Transaction happening after the end of such Test Period, the applicable Ratio shall be calculated as if such Specified
Transaction had taken place on the first day of such Test Period. 

  
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 (c) If Parent notifies the Administrative Agent that Parent wishes to amend any provision hereof
to eliminate the effect of any change in GAAP (or in the application thereof) occurring after the Closing Date on the operation of such provision (or if the Administrative Agent notifies Parent that the Required Lenders request an amendment to any
provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then the compliance of Parent and its Subsidiaries with such provision shall be determined on the
basis of GAAP as in effect (and as applied) immediately before the relevant change became effective, until either such notice is withdrawn or such provision is amended in a manner satisfactory to Parent and the Required Lenders. Until such notice is
withdrawn or the relevant provision is so amended, Parent shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement setting forth a reconciliation between calculations made with
respect to the relevant provision before and after giving effect to such change in GAAP. Notwithstanding any other provision of this agreement, in no event shall a lease obligation that does not constitute a Capitalized Lease Obligation under GAAP
as in effect on the date hereof be treated as a Capitalized Lease Obligation for any purpose hereof. 
 Section 1.04. Rounding.

 Any financial ratios required to be maintained by Parent pursuant to this Agreement (or required to be satisfied in order for a specific action to be
permitted under this Agreement) shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or
down to the nearest number (with a rounding up if there is no nearest number). 
 Section 1.05. References to Agreements, Laws,
Etc. 
 Unless otherwise expressly provided herein, (a) references to Organization Documents, agreements (including the Loan Documents) and other
contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements and other
modifications are permitted by the Loan Documents, and (b) references to any Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Law. 

Section 1.06. Times of Day. 
 Unless
otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable). 

Section 1.07. Timing of Payment of Performance. 

When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a
Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day. 

  
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 Section 1.08. Pro Forma and Other Calculations. 

(a) Notwithstanding anything to the contrary herein, financial ratios and tests, including the Ratios, shall be calculated in the manner
prescribed by this Section 1.08; provided, that notwithstanding anything to the contrary in clauses (b), (c), (d) or (e) of this Section 1.08, when calculating any Ratio for
purposes of (i) the definition of “Applicable Rate” and (ii) Section 7.09 (other than for the purpose of determining Pro Forma Compliance with Section 7.09), the events described in this
Section 1.08 that occurred subsequent to the end of the applicable Test Period shall not be given pro forma effect. 

(b) In the event that Parent or any of its Restricted Subsidiaries incurs, assumes, guarantees, redeems, retires or extinguishes any
Indebtedness or issues or redeems Disqualified Stock or Preferred Stock subsequent to the Test Period for which any Ratio is being calculated but prior to or simultaneously with the event for which the calculation of the applicable Ratio is made
(the “Ratio Calculation Date”), then the applicable Ratio shall be calculated giving pro forma effect to such incurrence, assumption, guarantee, redemption, retirement or extinguishment of Indebtedness, or such issuance or
redemption of Disqualified Stock or Preferred Stock, as if the same had occurred on the last day of the applicable Test Period; provided, however, that, for purposes of any pro forma calculation of the Total Leverage Ratio on such
determination date pursuant to the provisions described in Section 7.02(a), the pro forma calculation shall not give effect to any Indebtedness incurred on such determination date pursuant to the provisions described under
Section 7.02(b). 
 (c) For purposes of making the computation referred to above, Investments, acquisitions, dispositions, mergers,
amalgamations and consolidations (as determined in accordance with GAAP), in each case with respect to a business (as such term is used in Regulation S-X Rule 11-01 under the Securities Act), a company, a segment, an operating division or unit or
line of business that Parent, or any of its Restricted Subsidiaries has determined to make and/or made during the Test Period or subsequent to such Test Period and on or prior to or simultaneously with the Ratio Calculation Date shall be calculated
on a pro forma basis in accordance with GAAP (except as set forth in the last sentence of clause (d) below) assuming that all such Investments, acquisitions, dispositions, mergers, amalgamations and consolidations (and the change
in any associated fixed charge obligations and the change in Consolidated EBITDA resulting therefrom, subject to any limitations set forth in clause (a)(J) of the definition thereof, to the extent applicable) had occurred on the first day of the
Test Period. If since the beginning of such Test Period any Person that subsequently became a Restricted Subsidiary or was merged with or into Parent or any of its Restricted Subsidiaries since the beginning of such Test Period shall have made any
Investment, acquisition, disposition, merger, amalgamation and consolidation, in each case with respect to a business (as such term is used in Regulation S-X Rule 11-01 under the Securities Act), a company, a segment, an operating division or unit
or line of business that would have required adjustment pursuant to this Section 1.08, then the applicable Ratio shall be calculated giving pro forma effect thereto for such Test Period as if such Investment, acquisition,
disposition, merger and consolidation had occurred at the beginning of the applicable Test Period. 
 (d) For purposes of making the
computation referred to above, whenever pro forma effect is to be given to a transaction, the pro forma calculations shall be made in good 

  
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faith by a responsible financial or accounting officer of Parent. Any such pro forma calculation may include adjustments appropriate, in the reasonable determination of Parent as set forth
in an officer’s certificate, to reflect reasonably identifiable and factually supportable operating expense reductions and other operating improvements or synergies reasonably expected to result from any action taken or expected to be taken
within twelve (12) months after the date of any acquisition, amalgamation or merger (subject to any limitations set forth in clause (a)(J) of the definition thereof, to the extent applicable); provided, that no such amounts shall be
included pursuant to this paragraph to the extent duplicative of any amounts that are otherwise added back in computing Consolidated EBITDA with respect to such period. 

(e) For purposes of calculation of any Ratio, any amount in a currency other than U.S. dollars will be converted to U.S. dollars based on the
average exchange rate for such currency for the most recent twelve (12) month period immediately prior to the date of determination determined in a manner consistent with that used in calculating Consolidated EBITDA for the applicable Test
Period. 
 Section 1.09. Letter of Credit Amounts. 

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

ARTICLE II 
 The
Commitments and Credit Extensions 
 Section 2.01. The Loans. 

(a) The Term Borrowings. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make to the
Borrowers on a pro rata basis on the Closing Date, Loans denominated in Dollars in an aggregate amount not to exceed at any time outstanding the amount of such Term Lender’s Term Commitment. Amounts borrowed under this
Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. 

(b) The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to
make Revolving Credit Loans denominated in Dollars to the Borrowers from its applicable Lending Office (each such loan, a “Revolving Credit Loan”) from time to time, on any Business Day until the Business Day preceding the Maturity
Date for the Revolving Credit Facility, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided, that after giving effect to any Revolving Credit Borrowing,
the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding

  
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Amount of all Swing Line Loans, shall not exceed such Lender’s Revolving Credit Commitment; and provided, further, that on the Closing Date, any Revolving Credit Borrowings
shall be limited to not more than $50 million solely to fund Closing Date Transaction Expenses and other expenses relating to the Transactions. Within the limits of each Lender’s Revolving Credit Commitment, and subject to the other terms and
conditions hereof, the Borrowers may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurodollar Rate Loans,
as further provided herein. 
 Section 2.02. Borrowings, Conversions and Continuations of Loans. 

(a) Each Term Borrowing, each Revolving Credit Borrowing, each conversion of Term Loans or Revolving Credit Loans from one Type to the other,
and each continuation of Eurodollar Rate Loans shall be made upon Parent’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 2:00 p.m.
(i) three (3) Business Days prior to the requested date of any Borrowing or continuation of Eurodollar Rate Loans or any conversion of Base Rate Loans to Eurodollar Rate Loans, and (ii) one (1) Business Day before the requested
date of any Borrowing of Base Rate Loans. Each telephonic notice by Parent pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Committed Loan Notice, appropriately completed
and signed by a Responsible Officer of Parent. Except as provided in Section 2.14(a), each Borrowing of, conversion to or continuation of Eurodollar Rate Loans shall be in a minimum principal amount of $5 million, or a whole multiple of
$1 million, in excess thereof. Except as provided in Section 2.03(c), 2.04(c), 2.14(a) or the last sentence of this paragraph, each Borrowing of or conversion to Base Rate Loans shall be in a minimum principal amount of $1
million or a whole multiple of $500,000 in excess thereof. Each Committed Loan Notice (whether telephonic or written) shall specify (i) whether Parent is requesting a Term Borrowing, a Revolving Credit Borrowing, a conversion of Term Loans or
Revolving Credit Loans from one Type to the other, or a continuation of Eurodollar Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal
amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Term Loans or Revolving Credit Loans are to be converted, and (v) if applicable, the duration of the Interest Period with
respect thereto. If Parent fails to specify a Type of Loan in a Committed Loan Notice or fails to give a timely notice requesting a conversion or continuation, then the applicable Term Loans or Revolving Credit Loans shall be made as, or converted
to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans. If Parent requests a Borrowing of, conversion to,
or continuation of Eurodollar Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one (1) month. 

(b) Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Pro Rata
Share of the applicable Class of Loans, and if no timely notice of a conversion or continuation is provided by Parent, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans or continuation
described in Section 2.02(a). In the case of each Borrowing, each Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in Same 

  
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Day Funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Committed Loan Notice. Upon satisfaction of the applicable conditions
set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent shall make all funds so received available to the Borrowers in like funds as received by the
Administrative Agent either by wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by Parent; provided, that if, on the date the Committed Loan Notice
with respect to such Borrowing is given by Parent, there are Swing Line Loans or L/C Borrowings outstanding, then the proceeds of such Borrowing shall be applied, first, to the payment in full of any such L/C Borrowing, second, to the
payment in full of any such Swing Line Loans, and third, to the applicable Borrower as provided above. 
 (c) Except as otherwise
provided herein, a Eurodollar Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Loan unless the Borrowers pay the amount due, if any, under Section 3.05 in connection therewith.
During the existence of an Event of Default, the Administrative Agent or the Required Lenders may require that no Loans may be converted to or continued as Eurodollar Rate Loans. 

(d) The Administrative Agent shall promptly notify Parent and the Lenders of the interest rate applicable to any Interest Period for
Eurodollar Rate Loans upon determination of such interest rate. The determination of the Eurodollar Rate by the Administrative Agent shall be conclusive in the absence of manifest error. At any time that Base Rate Loans are outstanding, the
Administrative Agent shall notify Parent and the Lenders of any change in the Citibank base rate used in determining the Base Rate promptly following the public announcement of such change. 

(e) After giving effect to all Term Borrowings, all Revolving Credit Borrowings, all conversions of Term Loans or Revolving Credit Loans from
one Type to the other, and all continuations of Term Loans or Revolving Credit Loans as the same Type, there shall not be more than twelve (12) Interest Periods in effect. 

(f) The failure of any Lender to make the Loan to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation,
if any, hereunder to make its Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on the date of any Borrowing. 

Section 2.03. Letters of Credit. 

(a) The Letter of Credit Commitment. (i) Subject to Section 4.02 and all of the other terms and conditions set forth
herein, (A) each L/C Issuer agrees, in reliance upon the agreements of the other Revolving Credit Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date to the
date that is thirty (30) days prior to the Letter of Credit Expiration Date, to issue Letters of Credit denominated in Dollars, or in the sole discretion of such L/C Issuer in an Alternative Currency, for the account of a Borrower
(provided, that any Letter of Credit may be for the benefit of Parent or any Subsidiary of Parent) and to amend or renew Letters of Credit previously issued by it, in accordance with Section 2.03(b), and (2) to honor drafts
under the Letters of Credit and (B) the Revolving Credit 

  
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Lenders severally agree to participate in Letters of Credit issued pursuant to this Section 2.03; provided, that no L/C Issuer shall be obligated to make any L/C Credit
Extension with respect to any Letter of Credit, and no Lender shall be obligated to participate in any Letter of Credit if as of the date of such L/C Credit Extension, (x) the Revolving Credit Exposure of any Revolving Credit Lender would
exceed such Lender’s Revolving Credit Commitment, (y) the Outstanding Amount of the L/C Obligations would exceed the Letter of Credit Sublimit or (z) the Outstanding Amount of L/C Obligations in respect of Letters of Credit
denominated in an Alternative Currency would exceed $25 million. Within the foregoing limits, and subject to the terms and conditions hereof, the Borrowers’ ability to obtain Letters of Credit shall be fully revolving, and accordingly each
Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed. 

(ii) An L/C Issuer shall be under no obligation to issue any Letter of Credit if: 

(A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such L/C Issuer
from issuing the Letter of Credit, or any Law applicable to such L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such L/C Issuer shall prohibit, or request that
such L/C Issuer refrain from, the issuance of letters of credit generally or the Letter of Credit in particular or shall impose upon such L/C Issuer with respect to the Letter of Credit any restriction, reserve or capital requirement (for which such
L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such L/C Issuer any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which such L/C Issuer in good faith
deems material to it; 
 (B) subject to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit would occur more
than twelve (12) months after the date of issuance or last extension, unless (1) each Appropriate Lender has approved of such expiration date or (2) the Outstanding Amount of L/C Obligations in respect of such requested Letter of
Credit has been Cash Collateralized or back-stopped by a letter of credit reasonably satisfactory to the applicable L/C Issuer; 
 (C) the
expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless (1) each Appropriate Lender has approved of such expiration date or (2) the Outstanding Amount of L/C Obligations in respect of
such requested Letter of Credit has been Cash Collateralized or back-stopped by a letter of credit reasonably satisfactory to the applicable L/C Issuer; 

(D) the issuance of such Letter of Credit would violate any Laws binding upon such L/C Issuer; 

(E) except as otherwise agreed by the Administrative Agent and such L/C Issuer, the Letter of Credit is in an initial stated amount less than
$100,000, in the case of a standby Letter of Credit; 

  
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 (F) the issuance of the Letter of Credit would violate one or more policies of such L/C Issuer
applicable to letters of credit generally; 
 (G) the Letter of Credit is to be denominated in a currency other than Dollars; 

(H) any Revolving Credit Lender is at that time a Defaulting Lender, unless such L/C Issuer has entered into arrangements, including the
delivery of Cash Collateral, satisfactory to such L/C Issuer (in its sole discretion) with Parent or such Lender to eliminate such L/C Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.17(a)) with
respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Obligations as to which such L/C Issuer has actual or potential Fronting Exposure, as it may elect in its
sole discretion; 
 (I) after giving effect to such issuance, (1) the aggregate face amount of Letters of Credit issued by such L/C
Issuer would exceed such L/C Issuer’s L/C Commitment or (2) the Outstanding Amount of L/C Obligations in respect of Letters of Credit denominated in any Alternative Currency would exceed $25 million in the aggregate. 

(iii) An L/C Issuer shall be under no obligation to amend any Letter of Credit if (A) such L/C Issuer would have no
obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 

(iv) Each L/C Issuer shall act on behalf of the Revolving Credit Lenders with respect to any Letters of Credit issued by it and
the documents associated therewith, and such L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article IX with respect to any acts taken or omissions suffered by such L/C Issuer in
connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Article IX included such L/C
Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to such L/C Issuer. 
 (b)
Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit. (i) Subject to Section 4.02, each Letter of Credit shall be issued or amended, as the case may be, upon the request of Parent
delivered to an L/C Issuer during the period specified in Section 2.03(a) (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of Parent.
Such Letter of Credit Application must be received by the relevant L/C Issuer and the Administrative Agent not later than 2:00 p.m. at least three (3) Business Days prior to the proposed issuance date or date of amendment, as the case may be;
or, in each case, such later date and time as the relevant L/C Issuer may agree in a particular instance in its sole discretion. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify
in form and detail reasonably satisfactory to the relevant L/C Issuer: (a) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (b) the 

  
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amount thereof; (c) the expiry date thereof; (d) the name and address of the beneficiary thereof; and (e) such other matters as the relevant L/C Issuer may reasonably request
(which may include the form of the requested Letter of Credit). In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the relevant
L/C Issuer (1) the Letter of Credit to be amended; (2) the proposed date of amendment thereof (which shall be a Business Day); (3) the nature of the proposed amendment; and (4) such other matters as the relevant L/C Issuer may
reasonably request. Additionally, Parent shall furnish to each L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as such
L/C Issuer or the Administrative Agent may reasonably require. 
 (ii) Promptly after receipt of any Letter of Credit
Application, the relevant L/C Issuer will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from Parent and, if not, such L/C Issuer will provide
the Administrative Agent with a copy thereof. Unless the relevant L/C Issuer has received written notice from any Revolving Credit Lender, the Administrative Agent or any Loan Party, at least one Business Day prior to the requested date of issuance
or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Article IV shall not then be satisfied, then, subject to the terms and conditions hereof, the relevant L/C Issuer shall, on the requested
date, issue a Letter of Credit for the account of the applicable Borrower or enter into the applicable amendment, as the case may be, in each case in accordance with the relevant L/C Issuer’s usual and customary business practices. Immediately
upon the issuance of each Letter of Credit, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to (regardless of whether the conditions set forth in Section 4.02 have been satisfied),
purchase from the relevant L/C Issuer without recourse or warranty a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Letter of Credit. 

(iii) If Parent so requests in any applicable Letter of Credit Application, the relevant L/C Issuer may, in its discretion,
agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided, that any such Auto-Extension Letter of Credit must permit the relevant L/C Issuer to prevent
any such extension at least once in each twelve (12) month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice
Date”) in each such twelve (12) month period to be agreed upon at the time such Letter of Credit is issued. Once an Auto-Extension Letter of Credit has been issued, unless otherwise directed by the relevant L/C Issuer, Parent shall not
be required to make a specific request to the relevant L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) the relevant L/C Issuer to permit
the extension of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, that the relevant L/C Issuer shall not permit any such extension if (A) the relevant L/C Issuer has
determined that it would have no obligation at such time to issue such Letter of Credit in its extended form 

  
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under the terms hereof (by reason of the provisions of Section 2.03(a)(ii) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the
day that is five (5) Business Days before the Non-Extension Notice Date from the Administrative Agent, any Revolving Credit Lender or Parent that one or more of the applicable conditions specified in Section 4.02 is not then
satisfied. 
 (iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising
bank with respect thereto or to the beneficiary thereof, the relevant L/C Issuer will also deliver to Parent and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. 

(c) Drawings and Reimbursements; Funding of Participations. (i) Upon receipt from the beneficiary of any Letter of Credit of any
notice of a drawing under such Letter of Credit, the relevant L/C Issuer shall notify promptly Parent and the Administrative Agent thereof. Not later than 2:00 p.m. on the Business Day immediately following any payment by an L/C Issuer under a
Letter of Credit with notice to Parent (each such date, an “Honor Date”), the Borrowers shall reimburse, on a joint and several basis, such L/C Issuer through the Administrative Agent (or directly to such L/C Issuer with a written
notice to the Administrative Agent) in an amount equal to the amount of such drawing in (x) with respect to any Letter of Credit issued in Dollars, in Dollars or (y) with respect to any Letter of Credit issued in an Alternative Currency,
in such Alternative Currency (or if requested by the applicable L/C Issuer, the Dollar Equivalent thereof in Dollars). If the Borrowers fail to so reimburse such L/C Issuer by such time, the L/C Issuer shall notify the Administrative Agent and the
Administrative Agent shall promptly notify each Revolving Credit Lender of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Revolving Credit Lender’s Pro Rata
Share thereof. In such event, Parent shall be deemed to have requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples
specified in Section 2.02 for the principal amount of Base Rate Loans but subject to the amount of the unutilized portion of the Revolving Credit Commitments of the Revolving Credit Lenders and the conditions set forth in
Section 4.02 (other than the delivery of a Committed Loan Notice). Any notice given by an L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in
writing; provided, that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 

(ii) Each Revolving Credit Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available in
Dollars (which in the case of any Letters of Credit denominated in an Alternative Currency shall be based on the Dollar Equivalent of the Unreimbursed Amount thereof) (and the Administrative Agent may apply Cash Collateral provided for this purpose)
for the account of the relevant L/C Issuer at the Administrative Agent’s Office for payments in an amount equal to its Pro Rata Share of the Unreimbursed Amount not later than 4:00 p.m. on the Business Day specified in such notice by the
Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving Credit Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrowers in such amount. The
Administrative Agent shall remit the funds so received to the relevant L/C Issuer. 

  
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 (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a
Revolving Credit Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrowers shall be deemed to have incurred from the relevant L/C Issuer an L/C Borrowing in
the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Revolving Credit Lender’s payment
to the Administrative Agent for the account of the relevant L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in
satisfaction of its participation obligation under this Section 2.03. 
 (iv) Until a Revolving Credit Lender
funds its Revolving Credit Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the relevant L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Pro Rata Share of such amount
shall be solely for the account of the relevant L/C Issuer. 
 (v) Each Revolving Credit Lender’s obligation to make
Revolving Credit Loans or L/C Advances to reimburse an L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance,
including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the relevant L/C Issuer, the Borrowers or any other Person for any reason whatsoever; (B) the occurrence or continuance of a
Default, (C) the form, validity, sufficiency, accuracy, genuineness or legal effect of any Letter of Credit or any document submitted by any party in connection with the application for and issuance of a Letter of Credit, even if it should in
fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged; (D) failure of the beneficiary to comply fully with conditions required in order to demand payment under a Letter of Credit; or (E) any other
occurrence, event or condition, whether or not similar to any of the foregoing, including without limitation, any of the events specified in Section 2.03(e); provided, that each Revolving Credit Lender’s obligation to make Revolving
Credit Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by Parent of a Committed Loan Notice). No such making of an L/C Advance shall relieve or otherwise
impair the obligation of the Borrowers to reimburse, on a joint and several basis, the relevant L/C Issuer for the amount of any payment made by such L/C Issuer under any Letter of Credit, together with interest as provided herein. 

(vi) If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the relevant L/C
Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), then, without limiting the other provisions of this agreement,
such L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is
immediately available to such L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the applicable L/C Issuer in accordance with banking industry

  
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rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by such L/C Issuer in connection with the foregoing. If such Lender pays such
amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Loan included in the relevant Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the relevant
L/C Issuer submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to any amounts owing under this Section 2.03(c)(vi) shall be conclusive absent manifest error. 

(d) Repayment of Participations. (i) If, at any time after an L/C Issuer has made a payment under any Letter of Credit and has
received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the
related Unreimbursed Amount or interest thereon (whether directly from the Borrowers or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro
Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. 

(ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to
Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Credit Lender
shall pay to the Administrative Agent for the account of such L/C Issuer its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender,
at a rate per annum equal to the applicable Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause (ii) shall survive the payment in full of the Obligations and the termination of this
Agreement. 
 (e) Obligations Absolute. The obligation of the Borrowers to reimburse the relevant L/C Issuer for each drawing under
each Letter of Credit issued by it and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following: 

(i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other agreement or instrument
relating thereto; 
 (ii) the existence of any claim, counterclaim, setoff, defense or other right that any Loan Party may
have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the relevant L/C Issuer or any other Person, whether in connection with this
Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

  
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 (iii) any draft, demand, certificate or other document presented under such
Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; 

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

(v) any amendment or waiver of or any consent to departure from all or any of the provisions of the Loan Documents; 

(vi) any adverse change in the business, operations, properties, assets, condition (financial or otherwise) or prospects of
Parent, the Borrowers or any of their Subsidiaries; or 
 (vii) any other circumstance or happening whatsoever, whether or
not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Loan Party. 

Parent shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of
noncompliance with Parent’s instructions or other irregularity, Parent will immediately notify the applicable L/C Issuer. The Borrowers shall be conclusively deemed to have waived any such claim against such L/C Issuer and its correspondents
unless such notice is given as aforesaid. 
 (f) Role of L/C Issuers. Each Lender and the Borrowers agree that, in paying any drawing
under a Letter of Credit, the relevant L/C Issuer shall not have any responsibility to obtain any document (other than all documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such
document or the authority of the Person executing or delivering any such document. None of the L/C Issuers, any Related Parties nor any of the respective correspondents, participants or assignees of any L/C Issuer shall be liable to any Lender for
(i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Lenders holding a majority of the Revolving Credit Commitments, as applicable; (ii) any action taken or omitted in the absence
of bad faith, gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Letter of Credit Application. The Borrowers hereby
assume all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing such rights
and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of the L/C Issuers, any Related Parties, nor any of the respective correspondents, participants or assignees of any L/C Issuer, shall be
liable or responsible for any of the matters described in clauses (i) through (v) of Section 2.03(e); provided, that anything in such clauses to the contrary notwithstanding, the Borrowers

  
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may have a claim against an L/C Issuer, and such L/C Issuer may be liable to the Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages
suffered by the Borrowers which the Borrowers prove were caused by such L/C Issuer’s willful misconduct or gross negligence or such L/C Issuer’s willful or grossly negligent failure to pay under any Letter of Credit after the presentation
to it by the beneficiary of all documents specified in the Letter of Credit strictly complying with the terms and conditions of a Letter of Credit, in each case, as determined in a final judgment by a court of competent jurisdiction. In furtherance
and not in limitation of the foregoing, each L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, and no L/C Issuer shall be responsible for the validity or sufficiency of any
instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. Notwithstanding
anything to the contrary contained in this Section 2.03(f), the Borrowers shall retain any and all rights it may have against any L/C Issuer for any liability arising out of the bad faith, gross negligence or willful misconduct of such
L/C Issuer, as determined by a final judgment of a court of competent jurisdiction. 
 (g) Cash Collateral. (i) If an L/C Issuer
has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing that has not been repaid and the conditions set forth in Section 4.02 to a Revolving Credit Borrowing cannot
then be met, (ii) if, as of the Letter of Credit Expiration Date, any Letter of Credit for any reason remains outstanding and partially or wholly undrawn (and arrangements that are reasonably satisfactory to the applicable L/C Issuer have not
otherwise been made), (iii) if any Event of Default occurs and is continuing and the Administrative Agent or the Lenders holding a majority of the Revolving Credit Commitments, as applicable, require the Borrowers to Cash Collateralize, on a
joint and several basis, the L/C Obligations pursuant to Section 8.02, (iv) if, after the issuance of any Letter of Credit, any Lender becomes a Defaulting Lender or (v) an Event of Default set forth under
Section 8.01(f) occurs and is continuing, then the Borrowers shall Cash Collateralize the then Outstanding Amount of (A) the applicable L/C Borrowing, in the case of the preceding clause (i), (B) all L/C Obligations, in the
case of the preceding clauses (ii), (iii) and (v), or (C) such L/C Issuer’s Fronting Exposure with respect to such Defaulting Lender that has not been re-allocated to Non-Defaulting Lenders in accordance with
Section 2.17(a) in the case of the preceding clause (iv), and shall do so not later than 4:00 p.m., on (x) in the case of the immediately preceding clauses (i) through (iv), (1) the Business Day that Parent
receives notice thereof, if such notice is received on such day prior to 12:00 Noon, or (2) if clause (1) above does not apply, the Business Day immediately following the day that Parent receives such notice and (y) in the case
of the immediately preceding clause (v), the Business Day on which an Event of Default set forth under Section 8.01(f) occurs or, if such day is not a Business Day, the Business Day immediately succeeding such day. For purposes
hereof, “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the relevant L/C Issuer and the Revolving Credit Lenders, as collateral for the L/C Obligations, cash or
deposit account balances (“Cash Collateral”) pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the relevant L/C Issuer (which documents are hereby consented to by the Lenders).
Derivatives of such term have corresponding meanings. The Borrowers hereby grant to the Administrative Agent, for the benefit of the L/C Issuers and the Revolving Credit Lenders, a security interest in all such cash, deposit accounts and all
balances therein and all proceeds of the foregoing. Cash Collateral shall be maintained in 

  
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blocked accounts at the Administrative Agent and may be invested in readily available Cash Equivalents. If at any time the Administrative Agent determines that any funds held as Cash Collateral
are subject to any right or claim of any Person other than the Administrative Agent (on behalf of the Secured Parties) or that the total amount of such funds is less than the aggregate Outstanding Amount of all L/C Obligations, the Borrowers will,
forthwith upon demand by the Administrative Agent, pay, on a joint and several basis, to the Administrative Agent, as additional funds to be deposited and held in the deposit accounts at the Administrative Agent as aforesaid, an amount equal to the
excess of (a) such aggregate Outstanding Amount over (b) the total amount of funds, if any, then held as Cash Collateral that the Administrative Agent reasonably determines to be free and clear of any such right and claim. Upon the drawing
of any Letter of Credit for which funds are on deposit as Cash Collateral, such funds shall be applied, to the extent permitted under applicable Law, to reimburse the relevant L/C Issuer. To the extent the amount of any Cash Collateral exceeds the
then Outstanding Amount of such L/C Obligations and so long as no Event of Default has occurred and is continuing, the excess shall be refunded to the Borrowers. 

(h) Letter of Credit Fees. The Borrowers shall pay, on a joint and several basis, to the Administrative Agent for the account of each
Revolving Credit Lender in accordance with its Pro Rata Share a Letter of Credit fee for each Letter of Credit outstanding pursuant to this Agreement equal to the Applicable Rate times the Dollar Equivalent of the daily maximum amount
available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09. Such
letter of credit fees shall be due and payable in arrears in U.S. Dollars on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter
of Credit Expiration Date and thereafter on demand. If there is any change in the Applicable Rate during any quarter, the daily maximum amount of each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each
period during such quarter that such Applicable Rate was in effect. 
 (i) Fronting Fee and Documentary and Processing Charges Payable to
L/C Issuers. The Borrowers shall pay, on a joint and several basis, directly to each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit issued by it to the applicable Borrower or Subsidiary equal to 0.125% of the
daily maximum amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with
Section 1.09. Such fronting fees shall be due and payable in arrears on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of
Credit, on the Letter of Credit Expiration Date and thereafter on demand. In addition, the Borrowers shall pay, on a joint and several basis, directly to each L/C Issuer for its own account with respect to each Letter of Credit issued to a Borrower
or a Subsidiary thereof the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and
standard costs and charges are due and payable within ten (10) Business Days of demand and are nonrefundable. 

  
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 (j) Conflict with Issuer Documents. Notwithstanding anything else to the contrary in this
Agreement, in the event of any conflict between the terms hereof and the terms of any Issuer Document, the terms hereof shall control. 

(k) Addition of an L/C Issuer. A Revolving Credit Lender may become an additional L/C Issuer hereunder pursuant to a written agreement
among the Borrowers, the Administrative Agent and such Revolving Credit Lender and such agreement shall specify such additional L/C Issuer’s L/C Commitment. The Administrative Agent shall notify the Revolving Credit Lenders of any such
additional L/C Issuer. 
 (l) Applicability of ISP; Limitation of Liability. Unless otherwise expressly agreed by the
applicable L/C Issuer and Parent when a Letter of Credit is issued, the rules of the ISP and, as to all matters not covered thereby, the laws of the State of New York shall apply to each standby Letter of Credit. Notwithstanding the foregoing, the
applicable L/C Issuer shall not be responsible to either Borrower (or any other Person) for, and such L/C Issuer’s rights and remedies against the Borrowers shall not be impaired by, any action or inaction of such L/C Issuer required or
permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where such L/C Issuer or the beneficiary is located, the practice
stated in the ISP, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade - International Financial Services Association (BAFT-IFSA), or the Institute
of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice. 
 (m) Letters of
Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, Parent or a Subsidiary thereof other than the Borrowers, the Borrowers shall
be obligated to reimburse, on a joint and several basis, the L/C Issuers hereunder for any and all drawings under such Letter of Credit. The Borrowers hereby acknowledge that the issuance of Letters of Credit for the account of Parent or any such
Subsidiary inures to the benefit of each Borrower, and that each Borrower’s business derives substantial benefits from the businesses of Parent and such Subsidiaries. 

(n) Reporting of Letter of Credit Information. At any time that any Revolving Credit Lender other than the Person serving as the
Administrative Agent is an L/C Issuer, then (i) on the last Business Day of each calendar month, (ii) on each date that a Letter of Credit is amended, terminated or otherwise expires, (iii) on each date that an L/C Credit Extension
occurs with respect to any Letter of Credit, and (iv) upon the request of the Administrative Agent, each L/C Issuer (or, in the case of part (ii), (iii) or (iv), the applicable L/C Issuer) shall deliver to the Administrative Agent a report
setting forth in form and detail reasonably satisfactory to the Administrative Agent information (including any reimbursement, Cash Collateral, or termination in respect of Letters of Credit issued by such L/C Issuer) with respect to each Letter of
Credit issued by such L/C Issuer that is outstanding hereunder, including any auto-renewal or termination of auto-renewal provisions in such Letter of Credit. No failure on the part of any L/C Issuer to provide such information pursuant to this
Section 2.03(n) shall limit the obligation of either Borrower or any Revolving Credit Lender hereunder with respect to its reimbursement and participation obligations, respectively, pursuant to this Section 2.03. 

  
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 (o) Deemed Issuance. Subject to the terms, conditions and limitations set forth in this
Section 2.03, Parent may designate letters of credit not otherwise constituting Letters of Credit hereunder issued by any L/C Issuer to be Letters of Credit hereunder by written notice to the applicable L/C Issuer and the Administrative
Agent. Following such designation, such letter of credit shall be deemed to be a Letter of Credit hereunder for all purposes and any fees relating to such letter of credit shall be payable as set forth herein (in substitution for any fees set forth
in the applicable letter of credit reimbursement agreements or applications relating to such letters of credit). 
 Section 2.04.
Swing Line Loans. 
 (a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing Line Lender, in
reliance upon the agreements of the other Lenders set forth in this Section 2.04, may in its sole discretion, make loans to the Borrowers (each such loan, a “Swing Line Loan”) from time to time on any Business Day (other
than the Closing Date) until the Maturity Date for the Revolving Credit Facility in an aggregate amount not to exceed at any time the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the
Pro Rata Share of the Outstanding Amount of Revolving Credit Loans and L/C Obligations of the Lender acting as Swing Line Lender, may exceed the amount of such Swing Line Lender’s Revolving Credit Commitment; provided, that, after giving
effect to any Swing Line Loan, (i) the Revolving Credit Exposure shall not exceed the aggregate Revolving Credit Commitment and (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender (other than the relevant
Swing Line Lender), plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s
Revolving Credit Commitment then in effect; provided, further, that the Borrowers shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan; provided, further, that the Swing Line
Lender shall be under no obligation to make Swing Line Loans at any time if any Lender is at such time a Defaulting Lender hereunder, unless such Defaulting Lender’s participation in the Swing Line Loan would be reallocated, in full, to
Non-Defaulting Lenders in accordance with Section 2.17(a). Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.04, prepay under
Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall be a Base Rate Loan. Immediately upon the making of a Swing Line Loan, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and
unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Loan. 

(b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon Parent’s irrevocable notice to the Swing Line Lender and
the Administrative Agent, which may be given by telephone. Each such notice must be received by the relevant Swing Line Lender and the Administrative Agent not later than 2:00 p.m. on the requested borrowing date, and shall specify (i) the
amount to be borrowed, which shall be a minimum of $100,000 and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative
Agent of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of Parent. Promptly after receipt by the relevant Swing Line Lender of any Swing Line Loan 

  
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Notice (by telephone or in writing), such Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line
Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the relevant Swing Line Lender has received notice (by telephone or in writing) from the Administrative
Agent (including at the request of any Revolving Credit Lender) prior to the funding of the proposed Swing Line Borrowing (A) directing such Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the
first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, then, subject to the terms and conditions hereof, the relevant
Swing Line Lender will, not later than 4:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrowers. 

(c) Refinancing of Swing Line Loans. (A) The Swing Line Lender at any time in its sole and absolute discretion may request, on
behalf of the Borrowers (which hereby irrevocably authorize such Swing Line Lender to so request on its behalf), that each Revolving Credit Lender make a Base Rate Loan in an amount equal to such Lender’s Pro Rata Share of the amount of Swing
Line Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Committed Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the
minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the aggregate Revolving Credit Commitments and the conditions set forth in Section 4.02. The relevant Swing
Line Lender shall furnish Parent with a copy of the applicable Committed Loan Notice promptly after delivering such notice to the Administrative Agent. Each Revolving Credit Lender shall make an amount equal to its Pro Rata Share of the amount
specified in such Committed Loan Notice available to the Administrative Agent in Same Day Funds for the account of the Swing Line Lender at the Administrative Agent’s Office not later than 4:00 p.m. on the day specified in such Committed Loan
Notice, whereupon, subject to Section 2.04(c)(ii), each Revolving Credit Lender that so makes funds available shall be deemed to have made a Base Rate Loan, as applicable, to the Borrowers in such amount. The Administrative Agent shall
remit the funds so received to the Swing Line Lender. 
 (i) If for any reason any Swing Line Loan cannot be refinanced by
such a Revolving Credit Borrowing in accordance with this Section 2.04(c)(i), the request for Base Rate Loans submitted by the relevant Swing Line Lender as set forth herein shall be deemed to be a request by such Swing Line Lender that
each of the Revolving Credit Lenders fund its risk participation in the relevant Swing Line Loan and each Revolving Credit Lender’s payment to the Administrative Agent for the account of the Swing Line Lender pursuant to this
Section 2.04(c)(i) shall be deemed payment in respect of such participation. 
 (ii) If any Revolving Credit
Lender fails to make available to the Administrative Agent for the account of the Swing Line Lender any amount required to be paid by the Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in
Section 2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the
date on 

  
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which such payment is immediately available to the Swing Line Lender at a rate per annum equal to the applicable Federal Funds Rate from time to time in effect. A certificate of the Swing
Line Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (ii) shall be conclusive absent manifest error. 

(iii) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or to purchase and fund risk participations
in Swing Line Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may
have against the Swing Line Lender, the Borrowers or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the
foregoing; provided, that each Revolving Credit Lender’s obligation to make Revolving Credit Loans pursuant to this Section 2.04(c) (but not to purchase and fund risk participations in Swing Line Loans) is subject to the
conditions set forth in Section 4.02. No such funding of risk participations shall relieve or otherwise impair the obligation of the Borrowers to repay Swing Line Loans, together with interest as provided herein. 

(d) Repayment of Participations. (i) At any time after any Revolving Credit Lender has purchased and funded a risk participation
in a Swing Line Loan, if the relevant Swing Line Lender receives any payment on account of such Swing Line Loan, such Swing Line Lender will distribute to such Lender its Pro Rata Share of such payment (appropriately adjusted, in the case of
interest payments, to reflect the period of time during which such Lender’s risk participation was funded) in the same funds as those received by such Swing Line Lender. 

(ii) If any payment received by the Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to
be returned by the Swing Line Lender under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the Swing Line Lender in its discretion), each Revolving Credit Lender shall pay to the
Swing Line Lender its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the applicable Federal Funds Rate.
The Administrative Agent will make such demand upon the request of a Swing Line Lender. 
 (e) Interest for Account of Swing Line
Lender. The Swing Line Lender shall be responsible for invoicing the Borrowers for interest on the Swing Line Loans. Until each Revolving Credit Lender funds its Base Rate Loan, Eurodollar Rate Loan or risk participation pursuant to this
Section 2.04 to refinance such Lender’s Pro Rata Share of any Swing Line Loan, interest in respect of such Pro Rata Share shall be solely for the account of the Swing Line Lender. 

(f) Payments Directly to Swing Line Lender. The Borrowers shall make all payments of principal and interest in respect of the Swing Line Loans
directly to the Swing Line Lender. 

  
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 Section 2.05. Prepayments. 

(a) Optional. (i) Borrowers may, upon notice to the Administrative Agent, at any time or from time to time elect to voluntarily
prepay Term Loans and Revolving Credit Loans in whole or in part without premium or penalty (except as provided in clause (iii) below); provided, that (1) such notice must be received by the Administrative Agent not later
than 2:00 p.m. (A) three (3) Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Loans; (2) any prepayment of Eurodollar Rate Loans shall be in a principal amount
of $5 million or a whole multiple of $1 million in excess thereof; and (3) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire
principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Class (or Classes) and Type (or Types) of Loans and the order of Borrowing (or Borrowings) to be prepaid. The Administrative
Agent will promptly notify each Appropriate Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share of such prepayment. If such notice is given by Parent, the Borrowers shall make such prepayment and the
payment amount specified in such notice shall be due and payable on the date specified therein; provided, that Parent may rescind any notice of prepayment under this Section 2.05(a) if such prepayment would have resulted from a
refinancing or other repayment of all of the Facility or other transaction, which refinancing or transaction shall not be consummated or shall otherwise be delayed. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued
interest thereon, together with any additional amounts required pursuant to Section 3.05. In the case of each prepayment of the Loans pursuant to this Section 2.05(a)(i), Parent may in its sole discretion select the Borrowing
or Borrowings to be repaid, and such payment shall be paid to the Appropriate Lenders in accordance with their respective Pro Rata Shares. 

(ii) Parent may, upon notice to the Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to
time, elect to voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided, that (1) such notice must be received by the Swing Line Lender and the Administrative Agent not later than 2:00 p.m. on the date
of the prepayment, and (2) any such prepayment shall be in a minimum principal amount of $100,000 or a whole multiple of $100,000 in excess thereof or, if less, the entire principal amount thereof then outstanding. Each such notice shall
specify the date and amount of such prepayment. If such notice is given by Parent, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. 

(iii) In the event that, on or prior to the date that is six (6) months following the Closing Date, the Borrowers
(x) make any prepayment of Term Loans in connection with any Repricing Transaction, or (y) effect any amendment of this Agreement resulting in a Repricing Transaction, the Borrowers shall pay, on a joint and several basis, to the
Administrative Agent, for the ratable account of each Term Lender, (I) in the case of clause (x), a prepayment premium of 1% of the amount of the Term Loans being prepaid and (II) in the case of clause (y), a payment equal to 1%
of the aggregate amount of the Term Loans outstanding immediately prior to such amendment that have been repriced (in each case, the “Prepayment Premium”). 

  
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 (b) Mandatory. 

(i) If (1) Parent or any Restricted Subsidiary Disposes of any property or assets (other than any Disposition of any
property or assets permitted by Section 7.04 (excluding dispositions permitted by Section 7.04(m), (s), (u) and (v)) or (2) any Casualty Event occurs, that results in the realization or receipt
by Parent or such Restricted Subsidiary of Net Proceeds in excess of $10 million, the Borrowers shall cause to be prepaid on or prior to the date which is ten (10) Business Days after the date of the realization or receipt by Parent, such
Borrower or Restricted Subsidiary of such Net Proceeds an aggregate amount of Term Loans in an amount equal to 100% of all Net Proceeds received; provided, that if at the time that any such prepayment would be required, the Borrowers (or any
Restricted Subsidiary) are required to offer to repurchase Permitted Pari Passu Secured Refinancing Debt (or any Refinancing Indebtedness in respect thereof that is secured on a pari passu basis with the Obligations) pursuant to the terms of
the documentation governing such Indebtedness with the net proceeds of such Disposition or Casualty Event (such Permitted Pari Passu Secured Refinancing Debt (or any Refinancing Indebtedness in respect thereof) required to be offered to be so
repurchased, “Other Applicable Indebtedness”), then the Borrowers (or any Restricted Subsidiary) may apply such Net Proceeds on a pro rata basis (determined on the basis of the aggregate outstanding principal amount of the
Term Loans and Other Applicable Indebtedness at such time; provided, that the portion of such net proceeds allocated to the Other Applicable Indebtedness shall not exceed the amount of such net proceeds required to be allocated to the Other
Applicable Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of such net proceeds shall be allocated to the Term Loans in accordance with the terms hereof) to the prepayment of the Term Loans and to the repurchase or
prepayment of Other Applicable Indebtedness, and the amount of prepayment of the Term Loans that would have otherwise been required pursuant to this Section 2.05(b)(i) shall be reduced accordingly; provided, further, that to the
extent the holders of Other Applicable Indebtedness decline to have such indebtedness repurchased or prepaid, the declined amount shall promptly (and in any event within ten (10) Business Days after the date of such rejection) be applied to
prepay the Term Loans in accordance with the terms hereof; provided, further, that no prepayment shall be required pursuant to this Section 2.05(b)(i) with respect to such portion of such Net Proceeds that Parent or the relevant
Restricted Subsidiary shall have reinvested or entered into a binding commitment to reinvest or otherwise determined to reinvest (as set forth in a notice from Parent to the Administrative Agent to be delivered on or prior to the date which is ten
(10) Business Days after the date of receipt of the applicable Net Proceeds), in each case in accordance with the definition of “Net Proceeds” and within the timeframe contemplated thereby. 

(ii) If any Loan Party or any Restricted Subsidiary of a Loan Party incurs or issues any Indebtedness after the Closing Date
(other than, in the case of Parent or any Restricted Subsidiary, Indebtedness not prohibited under Section 7.02), including Credit Agreement Refinancing Indebtedness, the Borrowers shall cause to be prepaid an aggregate amount of Term
Loans in an amount equal to 100% of all Net Proceeds received therefrom on or prior to the date which is five (5) Business Days after the receipt by such Loan Party or Restricted Subsidiary of such Net Proceeds. 

  
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 (iii) If for any reason the aggregate Revolving Credit Exposures at any time
exceeds the aggregate Revolving Credit Commitments then in effect, the Borrowers shall promptly prepay or cause to be promptly prepaid Revolving Credit Loans and Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount
equal to such excess. 
 (iv) Each prepayment of Term Loans pursuant to this Section 2.05(b) shall be paid to the
Lenders in accordance with their respective Pro Rata Shares (provided, that any prepayment of Term Loans with the Net Proceeds of Credit Agreement Refinancing Indebtedness shall be applied solely to each applicable Class (or Classes) of
Refinanced Debt), subject to clause (v) of this Section 2.05(b). 
 (v) Parent shall notify the
Administrative Agent in writing of any mandatory prepayment of Loans (and/or Cash Collateralization of L/C Obligations) required to be made pursuant to clauses (i) through (iii) of this Section 2.05(b) promptly,
and in no event more than three (3) Business Days, following the event giving rise to such mandatory prepayment. Each such notice shall specify the date of such prepayment and provide a reasonably detailed calculation of the amount of such
prepayment. The Administrative Agent will promptly notify each Appropriate Lender of the contents of Parent’s prepayment notice and of such Appropriate Lender’s Pro Rata Share of the prepayment. Each Term Lender may reject all or a portion
of its Pro Rata Share of any mandatory prepayment (such declined amounts, the “Declined Proceeds”) of Term Loans required to be made pursuant to clauses (i) and (ii) of this Section 2.05(b) by
providing written notice (each, a “Rejection Notice”) to the Administrative Agent and Parent no later than 5:00 p.m. one (1) Business Day prior to the proposed date of such prepayment. Each Rejection Notice from a given Lender
shall specify the principal amount of the mandatory repayment of Term Loans to be rejected by such Lender. If a Term Lender fails to deliver a Rejection Notice to the Administrative Agent within the time frame specified above or such Rejection
Notice fails to specify the principal amount of the Term Loans to be rejected, any such failure will be deemed an acceptance of the total amount of such mandatory prepayment of Term Loans. Any Declined Proceeds remaining thereafter may be retained
by the Borrowers and/or applied for any purpose not otherwise prohibited by this Agreement. 
 (vi) Funding Losses,
Etc. All prepayments under this Section 2.05 shall be made together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of
such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05(b), so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar
Rate Loans is required to be made under this Section 2.05(b), other than on the last day of the Interest Period therefor, each Borrower may, in its sole discretion, deposit the amount of any such prepayment otherwise required to be made
thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrowers or any other Loan Party) to apply such
amount to the prepayment of such Loans in accordance with this Section 2.05(b). Upon the occurrence and during the continuance of any Event of Default, 

  
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the Administrative Agent shall also be authorized (without any further action by or notice to or from Parent or any other Loan Party) to apply such amount to the prepayment of the outstanding
Loans in accordance with this Section 2.05(b). 
 Section 2.06. Termination or Reduction of Commitments. 

(a) Optional. Parent may, upon notice to the Administrative Agent, elect to terminate the Revolving Credit Facility, the Letter of
Credit Sublimit or the Swing Line Sublimit, or from time to time permanently reduce the Revolving Credit Facility, the Letter of Credit Sublimit or the Swing Line Sublimit; provided, that (i) any such notice shall be received by the
Administrative Agent not later than 2:00 p.m. three (3) Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $5 million or any whole multiple of $1 million in
excess thereof and (iii) Parent shall not elect to terminate or reduce (A) the Revolving Credit Facility if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the
Revolving Credit Facility, (B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit, or (C) the Swing
Line Sublimit if, after giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of Swing Line Loans would exceed the Letter of Credit Sublimit. 

(b) Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination
or reduction of unused portions of the Letter of Credit Sublimit or the Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments of any Class, the Commitment of each
Lender of such Class shall be reduced by such Lender’s Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 10.13). All commitment fees
accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination. 

Section 2.07. Repayment of Loans. 

(a) Term Loans. The Borrowers shall repay, on a joint and several basis, to the Administrative Agent for the ratable account of the
Term Lenders on the Maturity Date for the Term Loans, the aggregate principal amount of all Term Loans outstanding on such date. 
 (b)
Revolving Credit Loans. The Borrowers shall repay, on a joint and several basis, to the Administrative Agent for the ratable account of the Appropriate Lenders on the Maturity Date for the Revolving Credit Facility the aggregate principal
amount of all of the Borrower’s Revolving Credit Loans outstanding on such date. 
 (c) Swing Line Loans. The Borrowers shall
repay, on a joint and several basis, the aggregate principal amount of its Swing Line Loans on the earlier to occur of (i) the date five (5) Business Days after such Loan is made and (ii) the Maturity Date for the Revolving Credit
Facility. 

  
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 Section 2.08. Interest. 

(a) Subject to the provisions of Section 2.08(b), (i) each Eurodollar Rate Loan shall bear interest on the outstanding
principal amount thereof for each Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Rate; (ii) each Base Rate Loan shall bear interest on the outstanding principal amount
thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate; and (iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for Revolving Credit Loans. 
 (b) (i) If
any amount of principal of any Loan is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such overdue amount shall thereafter bear interest at a fluctuating interest rate
per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 
 (ii) If any
amount (other than principal of any Loan) payable by the Borrowers under any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then such amount shall
thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 

(iii) Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon
demand. 
 (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other
times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 

Section 2.09. Fees. 
 In addition to
certain fees described in Sections 2.03(h) and (i): 
 (a) Commitment Fee. The Borrowers agree to pay, on a joint and
several basis, to the Administrative Agent for the account of each Revolving Credit Lender in accordance with its Pro Rata Share, a commitment fee equal to the Applicable Rate multiplied by the actual daily amount by which the aggregate Revolving
Credit Commitment exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans and (B) the Outstanding Amount of L/C Obligations; provided, that any commitment fee accrued with respect to any of the Commitments of a
Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrowers so long as such Lender shall be a Defaulting Lender except to the extent that such commitment
fee shall otherwise have been due and payable by the Borrowers prior to such time; and provided, further, that no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting
Lender. The commitment fee on the Revolving Credit Facility shall accrue at all times from the Closing Date until the Maturity Date for the Revolving Credit Facility, including at any time during which one or more of the conditions in Article
IV is not met, and shall be due 

  
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and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the Maturity
Date for the Revolving Credit Facility. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable
Rate separately for each period during such quarter that such Applicable Rate was in effect. For the avoidance of doubt, the Outstanding Amount of Swing Line Loans shall not be counted towards or considered usage of the Aggregate Commitments for
purposes of determining the commitment fee. 
 (b) Other Fees. The Borrowers shall pay, on a joint and several basis, to the Agents
such fees as shall have been separately agreed upon in writing in the amounts and at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever (except as expressly agreed between Parent
and the applicable Agent). 
 Section 2.10. Computation of Interest and Fees. 

All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a
year of three hundred and sixty five (365) or three hundred and sixty six (366) days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a three hundred and sixty
(360) day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not
accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; provided, that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one
day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 

Section 2.11. Evidence of Indebtedness. 

(a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the
Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the
Borrowers and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any amount owing with respect to the Obligations. In
the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the
absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrowers shall execute and deliver to such Lender (through the Administrative Agent) a Note, which shall evidence such Lender’s Loans in
addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. 

  
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 (b) In addition to the accounts and records referred to in Section 2.11(a), each
Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans. In the event of any conflict
between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. 

Section 2.12. Payments Generally. 

(a) All payments to be made by the Borrowers shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff.
Except as otherwise expressly provided herein, all payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s
Office in Dollars and in Same Day Funds not later than 3:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Pro Rata Share (or other applicable share as provided herein) of such payment in like
funds as received by wire transfer to such Lender’s applicable Lending Office. All payments received by the Administrative Agent after 3:00 p.m., shall in each case be deemed received on the next succeeding Business Day and any applicable
interest or fee shall continue to accrue. 
 (b) If any payment to be made by the Borrowers shall come due on a day other than a Business
Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be; provided that, if such extension would cause payment of interest on or principal
of Eurodollar Rate Loans to be made in the next succeeding calendar month, such payment shall be made on the immediately preceding Business Day. 

(c) (i) Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender
will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 and may, in
reliance upon such assumption, make available to the Borrowers a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the
Borrowers severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount is made available to either
Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made by the
Borrower, the interest rate applicable to Base Rate Loans. If the applicable Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to
applicable Borrower the amount of such interest paid by the Borrowers for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount 

  
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so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by either Borrower shall be without prejudice to any claim such Borrower may have against a Lender that
shall have failed to make such payment to the Administrative Agent. 
 (ii) Unless the Administrative Agent shall have
received notice from Parent prior to the time at which any payment is due to the Administrative Agent for the account of the Lenders or an L/C Issuer hereunder that the Borrowers will not make such payment, the Administrative Agent may assume that
the Borrowers have made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or the applicable L/C Issuers, as the case may be, the amount due. In such event, if the
Borrowers have not in fact made such payment, then each of the Appropriate Lenders or the applicable L/C Issuers, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender
or such L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds
Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 
 A notice of the
Administrative Agent to any Lender or Parent with respect to any amount owing under this clause (c) shall be conclusive, absent manifest error. 

(d) If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing
provisions of this Article II, and such funds are not made available to the Borrowers by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in
accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 

(e) The obligations of the Lenders hereunder to make Loans, to fund participations in Letters of Credit and Swing Line Loans and to make
payments pursuant to Section 10.04(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any payment under Section 10.04(c) on any date required hereunder shall
not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan, purchase its participation or to make its payment under
Section 10.04(c). 
 (f) Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any
particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

(g) Except as otherwise provided herein, whenever any payment received by the Administrative Agent under this Agreement or any of the other
Loan Documents is insufficient to pay in full all amounts due and payable to the Administrative Agent and the Lenders under or in respect of this Agreement and the other Loan Documents on any date, such payment shall be distributed by the
Administrative Agent and applied by the Administrative Agent and the Lenders in the order of priority set forth in Section 8.03. If the Administrative Agent receives 

  
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funds for application to the Obligations of the Loan Parties under or in respect of the Loan Documents under circumstances for which the Loan Documents do not specify the manner in which such
funds are to be applied, the Administrative Agent may (to the fullest extent permitted by mandatory provisions of applicable Law), but shall not be obligated to, elect to distribute such funds to each of the Lenders in accordance with such
Lender’s Pro Rata Share of the sum of (a) the Outstanding Amount of all Loans outstanding at such time and (b) the Outstanding Amount of all L/C Obligations outstanding at such time, in repayment or prepayment of such of the
outstanding Loans or other Obligations then owing to such Lender. 
 Section 2.13. Sharing of Payments. 

Subject to Section 2.05(b)(v), if any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of
(a) Obligations due and payable to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations due and payable to such Lender at
such time to (ii) the aggregate amount of the Obligations due and payable to all Lenders hereunder and under the other Loan Documents at such time) of payments on account of the Obligations due and payable to all Lenders hereunder and under the
other Loan Documents at such time obtained by all the Lenders at such time or (b) Obligations owing (but not due and payable) to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to
the proportion of (i) the amount of such Obligations owing (but not due and payable) to such Lender at such time to (ii) the aggregate amount of the Obligations owing (but not due and payable) to all Lenders hereunder and under the other
Loan Parties at such time) of payment on account of the Obligations owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time obtained by all of the Lenders at such time then the Lender receiving such
greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans and subparticipations in L/C Obligations and Swing Line Loans of the other Lenders, or make
such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of Obligations then due and payable to the Lenders or owing (but not due and
payable) to the Lenders, as the case may be; provided that: 
 (i) if any such participations or subparticipations are
purchased and all or any portion of the payment giving rise thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(ii) the provisions of this Section shall not be construed to apply to (x) any payment made by or on behalf of the
Borrowers pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), (y) the application of Cash Collateral provided for in
Section 2.17, or (z) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or subparticipations in L/C Obligations or Swing Line Loans to any assignee or participant,
other than an assignment to the Borrowers or any of their respective Subsidiaries (as to which the provisions of this Section shall apply). 

  
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 Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable
law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Loan Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such
Loan Party in the amount of such participation. 
 Section 2.14. Incremental Credit Extensions. 

(a) Parent may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (whereupon the Administrative
Agent shall promptly deliver a copy to each of the Lenders), request (a) one or more additional tranches of term loans (the “Incremental Term Loans”) or (b) one or more increases in the amount of the Revolving Credit
Commitments of any Facility (each such increase, a “Revolving Commitment Increase”); provided, that upon the effectiveness of any Incremental Amendment referred to below and at the time that any such Incremental Term Loan is
made (and after giving effect thereto), (i) no Default or Event of Default shall exist and (ii) Parent shall be in Pro Forma Compliance with Section 7.09 for the most recently ended Test Period for which financial statements
have been delivered pursuant to Section 6.01. Each tranche of Incremental Term Loans and each Revolving Commitment Increase shall be in an aggregate principal amount that is not less than $50 million (provided, that such amount
may be less than $50 million if such amount represents all remaining availability under the limit set forth in the next sentence). Notwithstanding anything to the contrary herein, the aggregate amount of the Incremental Term Loans and the Revolving
Commitment Increases (other than, for the avoidance of doubt, those established in respect of Extended Term Loans or Extended Revolving Credit Commitments pursuant to Section 2.16) shall not exceed the Maximum Incremental Facilities
Amount. 
 (b) Any Revolving Commitment Increase shall be on the same terms and pursuant to the same documentation applicable to the
Revolving Credit Facility (including the maturity date in respect thereof but excluding up-front commitment or similar fees); provided, the Applicable Rate with respect to the Revolving Credit Facility may be increased if necessary to be
consistent with that required by the lenders providing the Revolving Commitment Increase. The Incremental Term Loans (a) shall rank pari passu or junior in right of payment and of security with the Revolving Credit Loans and the Term
Loans, (b) shall not mature earlier than the Maturity Date with respect to the Term Loans, (c) shall not have a shorter Weighted Average Life to Maturity than the remaining Weighted Average Life to Maturity of the Term Loans,
(d) shall be entitled to share in mandatory and voluntary prepayments on a ratable (or less than ratable, but in no event greater than ratable) basis with the Term Loans, and (e) shall bear interest at rates and be entitled to upfront fees
as shall be determined by Parent and the applicable new Lenders; provided, however, that if the All-In Yield for the Incremental Term Loans shall exceed the All-In Yield with respect to the Term Loans by more than 50 basis points, then the
interest rate margins applicable to the Term Loans shall be increased so that such excess shall be only 50 basis points. The Incremental Term Loans shall otherwise be on terms and pursuant to documentation to be determined by Parent; provided
that, to the extent such terms and documentation are not consistent with the Term Facility (except to the extent permitted by clauses (a) through (e) above), they shall be reasonably satisfactory to the Administrative
Agent (it being understood to the extent that any financial maintenance covenant is added for the benefit of any Incremental Facility, no consent shall be required from the Administrative Agent or any Lender to the extent

  
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that such financial maintenance covenant is also added for the benefit of any corresponding existing Term Loans) and subject to clauses (b) and (c) above, the amortization
schedule (if any) applicable to the Incremental Term Loans shall be determined by Parent and the lenders thereof. 
 (c) Each notice from
Parent pursuant to this Section 2.14 shall set forth the requested amount and proposed terms of the relevant Incremental Term Loans or Revolving Commitment Increases. Incremental Term Loans may be made, and Revolving Commitment Increases
may be provided, by any existing Lender or by any other bank or other financial institution (any such other bank or other financial institution being called an “Additional Lender”); provided, that the Administrative Agent,
each Swing Line Lender and each L/C Issuer shall have consented (not to be unreasonably withheld) to such Lender’s or Additional Lender’s making such Incremental Term Loans or providing such Revolving Commitment Increases if such consent
would be required under Section 10.06(b) for an assignment of Loans or Revolving Credit Commitments, as applicable, to such Lender or Additional Lender. Commitments in respect of Incremental Term Loans and Revolving Commitment Increases
shall become Commitments (or in the case of a Revolving Commitment Increase to be provided by an existing Revolving Credit Lender, an increase in such Lender’s applicable Revolving Credit Commitment) under this Agreement pursuant to an
amendment (an “Incremental Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the applicable Borrower, each Lender agreeing to provide such Commitment, if any, each Additional Lender, if any,
and the Administrative Agent. The Incremental Amendment shall, without the consent of the Agents or the Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of
the Administrative Agent and Parent to effect the provisions of this Section 2.14, including without limitation to incorporate the applicable lenders in respect of Incremental Term Loans as “Lenders”, and the Incremental Term
Loans as “Loans” and/or “Term Loans”, for all applicable purposes hereunder, including the definition of Required Lenders and to establish any tranche of Incremental Term Loans as an independent Class or Facility, as applicable.
The effectiveness of any Incremental Amendment shall be subject to such further conditions as Parent and the applicable Lenders and Additional Lenders shall agree. The Borrowers may use the proceeds of the Incremental Term Loans and Revolving
Commitment Increases for any purpose not prohibited by this Agreement. No Lender shall be obligated to provide any Incremental Term Loans or Revolving Commitment Increases, unless it so agrees. 

(d) Upon each increase in the Revolving Credit Commitments pursuant to this Section 2.14, (a) each Revolving Credit Lender
immediately prior to such increase will automatically and without further act be deemed to have assigned to each Lender providing a portion of the Revolving Commitment Increase (each a “Revolving Commitment Increase Lender”), and
each such Revolving Commitment Increase Lender will automatically and without further act be deemed to have assumed (in the case of an increase to the Revolving Credit Facility only), a portion of such Revolving Credit Lender’s participations
hereunder in outstanding Letters of Credit and Swing Line Loans such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding (i) participations hereunder in Letters
of Credit and (ii) participations hereunder in Swing Line Loans held by each Revolving Credit Lender (including each such Revolving Commitment Increase Lender) will equal the percentage of the aggregate Revolving Credit Commitments of all
Revolving Credit Lenders represented by such Revolving Credit Lender’s Revolving Credit Commitment and (b) if, on the 

  
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date of such increase, there are any Revolving Credit Loans under the applicable Facility outstanding, such Revolving Credit Loans shall on or prior to the effectiveness of such Revolving
Commitment Increase be prepaid from the proceeds of additional Revolving Credit Loans under the applicable Facility made hereunder (reflecting such increase in Revolving Credit Commitments), which prepayment shall be accompanied by accrued interest
on the Revolving Credit Loans being prepaid and any reasonable and documented out-of-pocket costs incurred by any Lender in accordance with Section 3.05. The Administrative Agent and the Lenders hereby agree that the minimum borrowing,
pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence. 

(e) Notwithstanding anything to the contrary in this Section 2.14 or in Article IV or otherwise in this Agreement, so long
as no Event of Default has occurred pursuant to Section 8.01(a) or (f), the lenders providing any Incremental Term Loans in connection with a Permitted Acquisition may agree to modify the conditionality with respect to such
Incremental Term Loans such that the Permitted Acquisition may be consummated on a “certain funds” basis. 
 (f) The effectiveness
of any Incremental Amendment shall be subject to, if requested by the Administrative Agent, receipt by the Administrative Agent of (i) customary legal opinions, board resolutions and officers’ certificates consistent with those delivered
on the Closing Date (conformed as appropriate, including to reflect any Incremental Term Loans provided on a “certain funds” basis) and (ii) reaffirmation agreements and/or such amendments to the Collateral Documents as may be
reasonably requested by the Administrative Agent in order to ensure that such Incremental Term Loans or Incremental Credit Increase is provided with the benefit of the applicable Loan Documents. 

(g) This Section 2.14 shall supersede any provisions in Section 2.13 or 10.01 to the contrary. 

Section 2.15. Refinancing Amendments. 

(a) On one or more occasions after the Closing Date, the Borrowers may obtain, from any Lender or any Additional Refinancing Lender, Credit
Agreement Refinancing Indebtedness in respect of all or any portion of the Term Loans then outstanding under this Agreement, in the form of Other Term Loans or Other Term Loan Commitments, pursuant to a Refinancing Amendment. The effectiveness of
any Refinancing Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set forth in Section 4.02 (which, for the avoidance of doubt, shall not require compliance with Section 7.09 for any
incurrence of Other Term Loans) and, to the extent reasonably requested by the Administrative Agent, receipt by the Administrative Agent of (i) customary legal opinions, board resolutions and officers’ certificates consistent with those
delivered on the Closing Date (conformed as appropriate) and (ii) reaffirmation agreements and/or such amendments to the Collateral Documents as may be reasonably requested by the Administrative Agent in order to ensure that such Credit
Agreement Refinancing Indebtedness is provided with the benefit of the applicable Loan Documents. 
 (b) Each issuance of Credit Agreement
Refinancing Indebtedness under Section 2.15(a) shall be in an aggregate principal amount that is (x) $50 million or (y) an integral multiple of $5 million in excess thereof, unless the Administrative Agent shall otherwise agree
in its discretion. 

  
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 (c) Each of the parties hereto hereby agrees that this Agreement and the other Loan Documents may
be amended pursuant to a Refinancing Amendment, without the consent of any other Lenders, to the extent (but only to the extent) necessary to (i) reflect the existence and terms of the Credit Agreement Refinancing Indebtedness incurred pursuant
thereto, including without limitation to incorporate the applicable lenders in respect of Other Term Loans as “Lenders”, and the Other Term Loans as “Loans” and/or “Term Loans”, for all applicable purposes hereunder,
including the definition of Required Lenders and to establish any tranche of Other Term Loans an independent Class or Facility, as applicable, and (ii) effect such other amendments to this Agreement and the other Loan Documents as may be
necessary or appropriate, in the reasonable opinion of the Administrative Agent and Parent, to effect the provisions of this Section 2.15, and the Lenders hereby expressly authorize the Administrative Agent to enter into any such
Refinancing Amendment, which shall not, for the avoidance of doubt be subject to Section 10.01. 
 Section 2.16.
Extension Offers. 
 (a) Pursuant to one or more offers made from time to time by Parent to all Term Lenders of a particular Class by
notice to the Administrative Agent, on a pro rata basis (based on the aggregate outstanding Term Loans of such Class) and on the same terms (“Term Extension Offers”), the Borrowers are hereby permitted to consummate
transactions with individual Term Lenders from time to time to extend the maturity date of such Lender’s Term Loans and to otherwise modify the terms of such Lender’s Term Loans pursuant to the terms of the relevant Term Extension Offer
(including increasing the interest rate or fees payable in respect of such Lender’s Term Loans and/or modifying the amortization schedule (if any) in respect of such Lender’s Term Loans). Pursuant to one or more offers made from time to
time by Parent to all Revolving Credit Lenders by notice to the Administrative Agent, on a pro rata basis (based on the aggregate outstanding Revolving Credit Commitments) and on the same terms (“Revolving Extension Offers”
and, together with Term Extension Offers, “Extension Offers”), the Borrowers are hereby permitted to consummate transactions with individual Revolving Credit Lenders from time to time to extend the maturity date of such
Lender’s Revolving Credit Commitments and to otherwise modify the terms of such Lender’s Revolving Credit Commitments pursuant to the terms of the relevant Revolving Extension Offer (including increasing the interest rate or fees payable
in respect of such Lender’s Revolving Credit Commitments). For the avoidance of doubt, the reference to “on the same terms” in the preceding sentences shall mean, (i) when comparing Term Extension Offers, that the Term Loans are
offered to be extended for the same amount of time and that the interest rate changes and fees payable in respect thereto are the same and (ii) when comparing Revolving Extension Offers, that the Revolving Credit Commitments are offered to be
extended for the same amount of time and that the interest rate changes and fees payable in respect thereto are the same. Any such extension (an “Extension”) agreed to between Parent and any such Lender (an “Extending
Lender”) will be established under this Agreement by implementing an Incremental Term Loan (provided, that, for the avoidance of doubt, the implementation of an Incremental Term Loan to establish an Extended Term Loan shall not count
as an Incremental Term Loan for purposes of calculating the Maximum Incremental Facilities Amount) for such Lender (if such Lender is extending an existing Term Loan (such extended 

  
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Term Loan, an “Extended Term Loan”)) or a Revolving Commitment Increase (provided, that, for the avoidance of doubt, such Revolving Commitment Increase shall not count for
purposes of calculating the Maximum Incremental Facilities Amount) for such Lender (if such Lender is extending an existing Revolving Credit Commitment (such extended Revolving Credit Commitment, an “Extended Revolving Credit
Commitment”)). 
 (b) The Borrowers and each Extending Lender shall execute and deliver to the Administrative Agent a Loan
Extension Agreement and such other documentation as the Administrative Agent shall reasonably specify to evidence the Extended Term Loans and/or Extended Revolving Credit Commitments of such Extending Lender. Each Loan Extension Agreement shall
specify the terms of the applicable Extended Term Loans and/or Extended Revolving Credit Commitments; provided, that (i) except as to interest rates, fees, amortization, final maturity date, collateral arrangements and voluntary and
mandatory prepayment arrangements (which shall, subject to clauses (ii) and (iii) of this proviso, be determined by Parent and set forth in the Extension Offer), the Extended Term Loans shall have (x) the same terms as
the Term Loans, or (y) such other terms as shall be reasonably satisfactory to the Administrative Agent, (ii) the final maturity date of any Extended Term Loans shall be no earlier than the Maturity Date for the Term Loans, (iii) the
Weighted Average Life to Maturity of any Extended Term Loans shall be no shorter than the remaining Weighted Average Life to Maturity of the Term Loans and (iv) except as to interest rates, fees, final maturity, collateral arrangements and
voluntary and mandatory prepayment arrangements, any Extended Revolving Credit Commitment shall be a Revolving Credit Commitment with the same terms as the Revolving Credit Loans. Upon the effectiveness of any Loan Extension Agreement, this
Agreement shall be amended to the extent necessary to reflect the existence and terms of the Extended Term Loans and/or Extended Revolving Credit Commitments evidenced thereby and other changes necessary to preserve the intent of this Agreement
without the consent of any other Lender and without regard to Section 10.01, including without limitation to incorporate the Extending Lenders as “Lenders”, and the Extended Term Loans and Extended Revolving Commitments as
“Loans” and/or “Term Loans” and/or Commitments, for all applicable purposes hereunder, including the definition of Required Lenders and to establish any tranche of Extended Term Loans or Extended Revolving Commitments as an
independent Class or Facility, as applicable. Any such deemed amendment may, at Parent or the Administrative Agent’s request, be memorialized in writing by the Administrative Agent and Parent and furnished to the other parties hereto. 

(c) Upon the effectiveness of any such Extension, the applicable Extending Lender’s Term Loan will be automatically designated an
Extended Term Loan and/or such Extending Lender’s Revolving Credit Commitment will be automatically designated an Extended Revolving Credit Commitment. For the avoidance of doubt, the commitments and obligations of any Swing Line Lender or L/C
Issuer can only be extended pursuant to an Extension or otherwise with such Person’s consent. 
 (d) Notwithstanding anything to the
contrary set forth in this Agreement or any other Loan Document (including this Section 2.16), (i) no Extended Term Loan or Extended Revolving Credit Commitment is required to be in any minimum amount or any minimum increment;
provided, that the aggregate amount of Extended Term Loans or Extended Revolving Credit Commitment for any new Class of Term Loans or Revolving Credit Commitments made in connection with any Extension Offer shall be at least $50 million,
(ii) any Extending Lender 

  
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may extend all or any portion of its Term Loans and/or Revolving Credit Commitment pursuant to one or more Extension Offers (subject to applicable proration in the case of over participation)
(including the extension of any Extended Term Loan and/or Extended Revolving Credit Commitment), (iii) there shall be no condition to any Extension of any Loan or Revolving Credit Commitment at any time or from time to time other than notice to
the Administrative Agent of such Extension and the terms of the Extended Term Loan or Extended Revolving Credit Commitment implemented thereby, (iv) the interest rate limitations referred to in the proviso to clause (e) of
Section 2.14(b) shall not be implicated by any Extension and (v) all Extended Term Loans, Extended Revolving Credit Commitments and all obligations in respect thereof shall be Obligations under this Agreement and the other Loan
Documents that are secured by the Collateral on a pari passu basis with all other Obligations under this Agreement and the other Loan Documents. 

(e) Each extension shall be consummated pursuant to procedures set forth in the associated Extension Offer; provided, that the
Borrowers shall cooperate with the Administrative Agent prior to making any Extension Offer to establish reasonable procedures with respect to mechanical provisions relating to such Extension, including timing, rounding and other adjustments. 

Section 2.17. Defaulting Lenders. 

(a) Reallocation of Participations to Reduce Fronting Exposure. All or any part of a Defaulting Lender’s participation in L/C
Obligations and Swing Line Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that
(x) the conditions set forth in Section 4.02 are satisfied at the time of such reallocation (and, unless Parent shall have otherwise notified the Administrative Agent at such time, the Borrowers shall be deemed to have represented
and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. No
reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of
such Non-Defaulting Lender’s increased exposure following such reallocation. 
 (b) Cash Collateral, Repayment of Swing Line
Loans. If the reallocation described in Section 2.17(a) cannot, or can only partially, be effected, the Borrowers shall, on a joint and several basis and without prejudice to any right or remedy available to them hereunder or under
law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’ Fronting Exposure and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures set
forth in Section 2.03(g). 
 (c) New Swing Line Loans/Letters of Credit. Notwithstanding anything in this Agreement to
the contrary, so long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan
and (ii) no L/C Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. 

  
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 ARTICLE III 

Taxes, Increased Costs Protection and Illegality 

Section 3.01. Taxes. 

(a) Any and all payments by any Loan Party to or for the account of any Recipient under any Loan Document shall be made free and clear of and
without deduction for any Taxes, except as required by applicable Law. If any Withholding Agent shall be required by any Laws to deduct any Taxes from or in respect of any such payment, (i) the applicable Withholding Agent shall be entitled to
make such deductions, (ii) the applicable Withholding Agent shall pay the full amount so deducted to the relevant Governmental Authority in accordance with applicable Laws, (iii) as soon as practicable after the date of such payment,
Parent shall furnish to the Administrative Agent the original or a copy of a receipt evidencing payment thereof, a copy of the tax return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent,
and (iv) if the Tax in question is an Indemnified Tax, the sum payable by the applicable Loan Party shall be increased as necessary so that after all required deductions have been made (including deductions applicable to additional sums payable
under this Section 3.01(a)), the applicable Recipient receives an amount equal to the sum it would have received had no such deductions been made. 

(b) In addition, the Borrowers and Guarantors agree to pay any and all present or future stamp, court or documentary, intangible, mortgage
recording or similar Taxes which arise from any payment made under any Loan Document or from the execution, delivery, performance, enforcement or registration of, or otherwise with respect to, any Loan Document, excluding any such Taxes imposed as a
result of an assignment by a Lender (other than an assignment made pursuant to Section 10.13) that are Other Connection Taxes (hereinafter referred to as “Other Taxes”). 

(c) Each Borrower and each Guarantor agrees to indemnify each Recipient, within ten (10) days after written demand therefor, for
(i) the full amount of any Indemnified Taxes (including Indemnified Taxes imposed on or attributable to amounts payable under this Section 3.01) payable by such Recipient, whether or not such Taxes were correctly or legally imposed
or asserted by the Governmental Authority. A certificate as to the amount of such payment or liability prepared in good faith and delivered to the Borrowers by a Lender or by the Administrative Agent on its own behalf or on behalf of a Lender shall
be conclusive absent manifest error. 
 (d) Status of Lenders. Each Lender shall, at such times as are reasonably requested by Parent
or the Administrative Agent, provide Parent and the Administrative Agent with such properly completed and executed documentation prescribed by any Laws or reasonably requested by Parent or the Administrative Agent certifying as to any entitlement of
such Lender to an exemption from, or reduction in the rate of, any applicable withholding Tax with respect to any payments to be made to such Lender under any Loan Document. In addition, any Lender, if reasonably requested by Parent or the
Administrative Agent, shall deliver such other documentation prescribed by any Laws or reasonably requested by Parent or the Administrative Agent as will enable the Loan Parties or the Administrative Agent to determine whether or not such Lender is
subject to backup withholding or information reporting requirements. Each 

  
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Lender shall, whenever any such documentation (including any specific documentation required below in this Section 3.01(d)) becomes obsolete, expired or inaccurate in any respect,
deliver promptly to Parent and the Administrative Agent updated or other appropriate documentation (including any new documentation reasonably requested by Parent or the Administrative Agent) or promptly notify Parent and the Administrative Agent in
writing of its legal ineligibility to do so. 
 Without limiting the generality of the foregoing: 

(1) Each U.S. Lender shall deliver to Parent and the Administrative Agent on or before the date on which it becomes a Lender under this
Agreement (and from time to time thereafter upon the reasonable request of Parent or the Administrative Agent) two (2) properly completed and duly executed originals of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup
withholding; 
 (2) Each Foreign Lender shall, to the extent it is legally entitled to do so, deliver to Parent and the Administrative Agent
(in such number of copies as shall be requested by Parent or Administrative Agent) on or before the date on which it becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of Parent or the Administrative
Agent) whichever of the following is applicable: 
 (A) two (2) properly completed and duly executed originals of IRS Form W-8BEN (or any successor form) claiming eligibility for the benefits of an income tax treaty to which the United States is a party, 

(B) two (2) properly completed and duly executed originals of IRS Form W-8ECI (or any successor form), 

(C) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 871(h) or
Section 881(c) of the Code, (A) two (2) properly completed and duly executed certificates substantially in the form of Exhibit J-1 (any such certificate, a “United States Tax Compliance Certificate”) and
(B) two (2) properly completed and duly executed originals of IRS Form W-8BEN (or any successor form), or 
 (D) to the extent a
Foreign Lender is not the beneficial owner (for example, where the Foreign Lender is a partnership or a participating Lender), two (2) properly completed and duly executed originals of IRS Form W-8IMY (or any successor form), accompanied by IRS
Form W-8ECI, IRS Form W-8BEN, United States Tax Compliance Certificate substantially in the form of Exhibit J-2 or Exhibit J-3, IRS Form W-9, IRS Form W-8IMY (or any successor form) and/or any other required information, certification or
documentation from each beneficial owner, as applicable (provided, that if the Foreign Lender is a partnership (and not a participating Lender) and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio
interest exemption, such Foreign Lender may provide a United States Tax Compliance Certificate substantially in the form of Exhibit J-4 on behalf of such direct or indirect partner (or partners)); 

  
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 (3) Any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to Parent
and the Administrative Agent (in such number of copies as shall be requested by Parent or the Administrative Agent) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the
reasonable request of Parent or the Administrative Agent), two (2) properly completed and duly executed originals of any other form prescribed by applicable Laws (including the Treasury Regulations) as a basis for claiming a complete exemption
from, or a reduction in, United States federal withholding tax on any payments to such Lender under the Loan Documents, together with such supplementary documentation as may be prescribed by applicable Law (including the Treasury Regulations) to
permit any Loan Party or the Administrative Agent to determine the withholding or deduction required to be made; and 
 (4) If a payment
made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Sections 1471(b) or
1472(b) of the Code, as applicable), such Lender shall deliver to Parent and the Administrative Agent at the time or times prescribed by Law and at such time or times reasonably requested by Parent or the Administrative Agent such documentation
prescribed by applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by Parent or the Administrative Agent as may be necessary for any Loan Party and the
Administrative Agent to comply with their obligations under FATCA, to determine whether such Lender has or has not complied with such Lender’s obligations under FATCA or to determine the amount, if any, to deduct and withhold from such payment.
For purposes of this clause (4), “FATCA” shall include any amendments made to FATCA after the date of this Agreement and any intergovernmental agreement or similar agreement intended to facilitate compliance with, or otherwise
related to FATCA. 
 (e) Any Lender claiming any additional amounts payable pursuant to this Section 3.01 shall use its
reasonable efforts to change the jurisdiction of its Lending Office if such a change would reduce any such additional amounts in the future and would not, in the sole good faith determination of such Lender, result in any unreimbursed cost or
expense or be otherwise materially disadvantageous to such Lender. 
 (f) If any Recipient determines, in its sole discretion exercised in
good faith that it has received a refund in respect of any Taxes as to which indemnification or additional amounts have been paid to it pursuant to this Section 3.01, it shall promptly remit to the indemnifying party an amount equal to
such refund (but only to the extent of indemnity payments made or additional amounts paid under this Section 3.01 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses of such Recipient (including any
Taxes imposed with respect to such refund) and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that such indemnifying party, upon the request of such Recipient,
agrees to promptly repay to such Recipient the amount paid over to it pursuant to the above provisions of this Section 3.01(f) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority), in the event
such Recipient is required to repay such refund to the relevant Governmental Authority. This Section 3.01(f) shall not be construed to require any Lender or Agent to make available its Tax returns (or any other information relating to
its Taxes that it deems confidential) to any Loan Party or any other Person. 
 (g) For the avoidance of doubt, the term
“Lender” shall, for purposes of this Section 3.01, include any Swing Line Lender and any L/C Issuer. 

  
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 Section 3.02. Illegality. 

If any Lender determines in good faith in its reasonable discretion that any Law has made it unlawful, or that any Governmental Authority has asserted that it
is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to the Eurodollar Rate, or to determine or charge interest rates based upon the Eurodollar Rate, or any
Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to Parent through the Administrative
Agent, (i) any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans shall be suspended, and (ii) if such notice asserts the illegality of such Lender making or
maintaining Base Rate Loans the interest rate on which is determined by reference to the Eurodollar Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be
determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent and Parent that the circumstances giving rise to such determination no
longer exist. Upon receipt of such notice, (x) the Borrowers shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate Loans (the
interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar 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 Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate Loans and (y) if such notice asserts
the illegality of such Lender determining or charging interest rates based upon the Eurodollar Rate, the Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such Lender without reference to the
Eurodollar 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 Eurodollar Rate. Upon any such prepayment or
conversion, the Borrowers shall also pay, on a joint and several basis, accrued interest on the amount so prepaid or converted. 

Section 3.03. Inability to Determine Rates. 

If in connection with any request for a Eurodollar Rate Loan or a conversion to or continuation thereof that (a) the Administrative Agent determines that
(i) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurodollar Rate Loan or (ii) adequate and reasonable means do not exist for determining the
Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or in connection with an existing or proposed Base Rate Loan, or (b) the Required Lenders determine that for any reason the Eurodollar Rate for
any requested Interest Period with respect 

  
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to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify Parent and each Lender.
Thereafter, (x) the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended (to the extent of the affected Eurodollar Rate Loans or Interest Periods), and (y) in the event of a determination described in the
preceding sentence with respect to the Eurodollar Rate component of the Base Rate, the utilization of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case until the Administrative Agent (upon the instruction of
the Required Lenders) revokes such notice. Upon receipt of such notice, Parent may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans (to the extent of the affected Eurodollar Rate Loans or Interest
Periods) or, failing that, will be deemed to have converted such request into a request for a committed Borrowing of Base Rate Loans in the amount specified therein. 

Section 3.04. Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurodollar Rate Loans. 

(a) Increased Costs Generally. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement contemplated by Section 3.04(d)) or any L/C Issuer; 

(ii) subject any Lender or any L/C Issuer to any Tax of any kind whatsoever with respect to this Agreement, any Letter of
Credit, any participation in a Letter of Credit or any Loan made by it, or change the basis of taxation of payments to such Lender or such L/C Issuer in respect thereof (except for (i) Indemnified Taxes indemnifiable under
Section 3.01 and (ii) Excluded Taxes); or 
 (iii) impose on any Lender or any L/C Issuer or the London
interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or Eurodollar Rate Loans made by such Lender or any Letter of Credit or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Loan the interest on which is determined by
reference to the Eurodollar Rate (or, in the case of clause (ii) above, any Loan), or of maintaining its obligation to make any such Loan, or to increase the cost to such Lender or such L/C Issuer of participating in, issuing or
maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or such L/C Issuer hereunder (whether of principal,
interest or any other amount) then, upon request of such Lender or such L/C Issuer, the Borrowers will pay, on a joint and several basis, to such Lender or such L/C Issuer, as the case may be, such additional amount or amounts as will compensate
such Lender or such L/C Issuer, as the case may be, for such additional costs incurred or reduction suffered, to the extent such compensation is sought from similarly situated borrowers. 

  
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 (b) Capital Requirements. If any Lender or any L/C Issuer determines in good faith in its
reasonable discretion that any Change in Law affecting such Lender or any L/C Issuer or any Lending Office of such Lender or such Lender’s or such L/C Issuer’s holding company, if any, regarding capital or liquidity requirements has or
would have the effect of reducing the rate of return on such Lender’s or such L/C Issuer’s capital or on the capital of such Lender’s or such L/C Issuer’s holding company, if any, as a consequence of this Agreement, the
Commitments of such Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such L/C Issuer, to a level below that which such Lender or such L/C Issuer or such Lender’s or
such L/C Issuer’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such L/C Issuer’s policies and the policies of such Lender’s or such L/C Issuer’s holding company
with respect to capital adequacy or liquidity), then, to the extent such compensation is sought from similarly situated borrowers, the Borrowers, upon request of such Lender or such L/C Issuer, as the case may be, will pay, on a joint and several
basis, to such Lender or such L/C Issuer such additional amount or amounts as will compensate such Lender or such L/C Issuer or such Lender’s or such L/C Issuer’s holding company for any such reduction suffered. 

(c) Certificates for Reimbursement. A certificate of a Lender or an L/C Issuer setting forth the amount or amounts necessary to
compensate such Lender or such L/C Issuer or its holding company, as the case may be, as specified in clauses (a) or (b) of this Section and delivered to Parent shall be conclusive absent manifest error. The Borrowers shall
pay, on a joint and several basis, such Lender or such L/C Issuer, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof. 

(d) Reserves on Eurodollar Rate Loans. The Borrowers shall pay, on a joint and several basis, to each Lender, as long as such Lender
shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of
each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive absent manifest error), which shall be due and payable on
each date on which interest is payable on such Loan; provided Parent shall have received at least ten (10) days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails
to give notice ten (10) days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) days from receipt of such notice. 

Section 3.05. Funding Losses. 
 Upon
demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrowers shall promptly compensate, on a joint and several basis, such Lender for and hold such Lender harmless from any loss, cost or expense actually incurred
by it as a result of: 
 (a) any continuation, conversion, payment or prepayment of any Eurodollar Rate Loan of any Borrower on a day other
than the last day of the Interest Period for such Loan; 

  
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 (b) any failure by any Borrower (for a reason other than the failure of such Lender to make a
Loan) to prepay, borrow, continue or convert any Eurodollar Rate Loan of the Borrowers on the date or in the amount notified by Parent; or 

(c) any assignment of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by
Parent pursuant to Section 10.13; 
 including any loss or expense arising from the liquidation or reemployment of funds obtained by it to
maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. The Borrowers shall also pay, on a joint and several basis, any customary administrative fees charged by such Lender in connection with the
foregoing. 
 Section 3.06. Matters Applicable to All Requests for Compensation. 

(a) Except with respect to any requests for compensation or indemnification under Section 3.01 (requests for which shall be governed by
Section 3.01(c)), any Agent or any Lender claiming compensation under this Article III shall deliver a certificate to Parent setting forth the additional amount or amounts to be paid to it hereunder which shall be conclusive in the
absence of manifest error. In determining such amount, such Agent or such Lender may use any reasonable averaging and attribution methods. 

(b) Failure or delay on the part of any Lender or any L/C Issuer to demand compensation pursuant to Section 3.01, 3.02,
3.03 or 3.04 shall not constitute a waiver of such Lender’s or any L/C Issuer’s right to demand such compensation; provided, that the Borrowers shall not be required to compensate such Lender for any amount incurred
more than one hundred and eighty (180) days prior to the date that such Lender notifies Parent of the event that gives rise to such claim; provided that, if the circumstance giving rise to such claim is retroactive, then such one hundred
and eighty (180) day period referred to above shall be extended to include the period of retroactive effect thereof. If any Lender requests compensation by the Borrowers under Section 3.04, Parent may, by notice to such Lender (with
a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue from one Interest Period to another applicable Eurodollar Rate Loans, or, if applicable, to convert Base Rate Loans into Eurodollar Rate Loans, until the
event or condition giving rise to such request ceases to be in effect (in which case the provisions of Section 3.06(c) shall be applicable); provided, that such suspension shall not affect the right of such Lender to receive the
compensation so requested. 
 (c) If the obligation of any Lender to make or continue any Eurodollar Rate Loan, or to convert Base Rate
Loans into Eurodollar Rate Loans shall be suspended pursuant to Section 3.06(b) hereof, such Lender’s applicable Eurodollar Rate Loans shall be automatically converted into Base Rate Loans (or, if such conversion is not possible,
repaid) on the last day (or days) of the then current Interest Period (or Interest Periods) for such Eurodollar Rate Loans (or, in the case of an immediate conversion required by Section 3.02, on such earlier date as required by Law)
and, unless and until such Lender gives notice as provided below that the circumstances specified in Section 3.01, 3.02, 3.03 or 3.04 hereof that gave rise to such conversion no longer exist: 

(i) to the extent that such Lender’s Eurodollar Rate Loans have been so converted, all payments and prepayments of
principal that would otherwise be applied to such Lender’s applicable Eurodollar Rate Loans shall be applied instead to its Base Rate Loans; and 

(ii) all Loans that would otherwise be made or continued from one Interest Period to another by such Lender as Eurodollar Rate
Loans shall be made or continued instead as Base Rate Loans (if possible), and all Base Rate Loans of such Lender that would otherwise be converted into Eurodollar Rate Loans shall remain as Base Rate Loans. 

  
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 (d) If any Lender gives notice to Parent (with a copy to the Administrative Agent) that the
circumstances specified in Section 3.01, 3.02, 3.03 or 3.04 hereof that gave rise to the conversion of any of such Lender’s Eurodollar Rate Loans pursuant to this Section 3.06 no longer exist (which
such Lender agrees to do promptly upon such circumstances ceasing to exist) at a time when Eurodollar Rate Loans made by other Lenders under the applicable Facility are outstanding, if applicable, such Lender’s Base Rate Loans shall be
automatically converted, on the first day (or days) of the next succeeding Interest Period (or Interest Periods) for such outstanding Eurodollar Rate Loans, to the extent necessary so that, after giving effect thereto, all Loans held by the Lenders
holding Eurodollar Rate Loans under such Facility and by such Lender are held pro rata (as to principal amounts, interest rate basis, and Interest Periods) in accordance with their respective Commitments for the applicable Facility. 

Section 3.07. Replacement of Lenders under Certain Circumstances. 

(a) Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, or the Borrowers are
required to pay any additional amount to any Lender, any L/C Issuer, or any Governmental Authority for the account of any Lender or any L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice pursuant to
Section 3.02, then such Lender or such L/C Issuer shall, as applicable, use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to
another of its offices, branches or affiliates, if, in the reasonable judgment of such Lender or such L/C Issuer, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04,
as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such Lender or such L/C Issuer, as the case may be, to any unreimbursed cost
or expense and would not otherwise be materially disadvantageous to such Lender or such L/C Issuer, as the case may be. The Borrowers hereby agree to pay, on a joint and several basis, all reasonable costs and expenses incurred by any Lender or any
L/C Issuer in connection with any such designation or assignment. 
 (b) Replacement of Lenders. If any Lender requests compensation
under Section 3.04, or if the Borrowers are required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, Parent may replace such Lender in
accordance with Section 10.13. 

  
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 Section 3.08. Survival. 

All of the Borrowers’ obligations under this Article III shall survive termination of the Aggregate Commitments, repayment of all other
Obligations hereunder, resignation of the Administrative Agent and any assignment of rights by, or replacement of, a Lender or L/C Issuer. 

ARTICLE IV 

Conditions Precedent to Credit Extensions 

Section 4.01. Conditions to the Initial Credit Extensions. 

The obligation of each L/C Issuer and each Lender to make its initial Credit Extension hereunder is subject to satisfaction or waiver of the following
conditions precedent: 
 (a) The Administrative Agent’s receipt of the following, each properly executed by a Responsible Officer of
the signing Loan Party, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the Closing Date) and each in form and substance reasonably satisfactory to the Administrative Agent: 

(i) executed counterparts of this Agreement; 

(ii) an original Note executed by the Borrowers in favor of each Lender requesting a Note; 

(iii) a security agreement, in substantially the form of Exhibit F hereto (together with each security agreement
supplement delivered pursuant to Section 6.11, in each case as amended, the “Security Agreement”), duly executed by each Loan Party, together with: 

(A) certificates and instruments representing the applicable Collateral referred to therein accompanied by undated stock powers or instruments
of transfer executed in blank, 
 (B) financing statements in form appropriate for filing under the Uniform Commercial Code of all
jurisdictions that the Administrative Agent may deem necessary or desirable in order to perfect the Liens created under the Security Agreement, covering the Collateral described in the Security Agreement, 

(C) copies of UCC, United States Patent and Trademark Office and United States Copyright Office, tax and judgment lien searches, or equivalent
reports or searches, each of a recent date listing all effective financing statements, lien notices or comparable documents (together with copies of such financing statements and documents) that name any Loan Party as debtor and that are filed in
those state and county jurisdictions in which any Loan Party is organized or maintains its principal place of business and such other searches that are required by the Perfection Certificate or that the Administrative Agent reasonably deems
necessary or appropriate, none of which encumber the Collateral covered or intended to be covered by the Collateral Documents (other than Permitted Liens), 

  
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 (D) a Perfection Certificate duly executed by each of the Loan Parties, and 

(E) a Copyright Security Agreement, Patent Security Agreement and Trademark Security Agreement (as each such term is defined in the Security
Agreement and to the extent applicable) (together with each other intellectual property security agreement delivered pursuant to Section 6.11, in each case as amended or supplemented, the “Intellectual Property Security
Agreement”), duly executed by each applicable Loan Party, together with evidence that all action that the Administrative Agent may reasonably deem necessary or desirable in order to perfect the Liens created under the Intellectual Property
Security Agreement has been taken. 
 (iv) such certifications of resolutions or other action and incumbency certificates of
Responsible Officers of each Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer authorized to act as a Responsible Officer in connection with this Agreement and
the other Loan Documents to which such Loan Party is a party or is to be a party; 
 (v) such documents and certifications as
the Administrative Agent may reasonably require to evidence that each Loan Party is duly organized or formed; 
 (vi) a
favorable opinion of (A) Wachtell, Lipton, Rosen & Katz and (B) Venable LLP, counsel to the Loan Parties, addressed to the Administrative Agent and each Lender, in a form reasonably satisfactory to the Administrative Agent and the
Arrangers; 
 (vii) a certificate signed by a Responsible Officer of Parent certifying that the conditions specified in
Sections 4.02(a) and (b) have been satisfied; 
 (viii) (A) the Audited Financial Statements; (B) the
Quarterly Financial Statements; and (C) the Projections; 
 (ix) a certificate attesting to the Solvency of Parent and
its Subsidiaries on a consolidated basis after giving effect to the Closing Date Transactions, from Parent’s chief financial officer, substantially in the form of Exhibit K hereto; 

(x) a certificate attaching all material documentation relating to any Standalone Letter of Credit Facility that is or will be
in effect on the Closing Date; and 
 (xi) at least five (5) Business Days prior to the Closing Date, all documentation
and other information required by regulatory authorities with respect to the Loan Parties reasonably requested by the Lenders at least ten (10) days prior to such date under applicable “know your customer” and anti-money laundering
rules and regulations, including the USA Patriot Act; and 
 (b) (i) all fees required to be paid to the Administrative Agent and the
Arranger on or before the Closing Date shall have been paid; (ii) all fees required to be paid to the Lenders on or before the Closing Date shall have been paid and (iii) all reasonable fees, charges and disbursements of counsel to the
Administrative Agent shall have been paid, to the extent invoiced; 

  
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the Arrangers shall be reasonably satisfied (i) that all necessary regulatory, governmental and corporate approvals and consents have been received and (ii) with the outstanding
indebtedness of Parent and its subsidiaries, in each case, as of the Closing Date; 
 (c) the Arrangers shall have received public ratings
for the Facilities from each of S&P and Moody’s, and a public corporate credit rating and a public corporate family rating in respect of Parent and its Subsidiaries after giving effect to the Closing Date Transactions from each of S&P
and Moody’s; and 
 (d) since December 31, 2012, there has not occurred any event that has had or would reasonably be expected to
have a Material Adverse Effect. 
 Without limiting the generality of the provisions of Section 9.03(e), for purposes of determining compliance
with the conditions specified in this Section 4.01, each of the Lenders and the Administrative Agent 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 shall have received notice from such Lender prior to the proposed Closing Date specifying its objection
thereto. 
 Section 4.02. Conditions to All Credit Extensions after the Closing Date. 

Following the Closing Date, the obligation of each Lender to honor any Request for Credit Extension (other than a Committed Loan Notice requesting only a
conversion of Loans to the other Type, or a continuation of Eurodollar Rate Loans) is subject to the following conditions precedent: 
 (a)
The representations and warranties of each Loan Party contained in Article V or any other Loan Document shall be true and correct in all material respects on and as of the date of such Credit Extension (except to the extent that such
representations and warranties specifically refer to an earlier date, they shall be true and correct as of such earlier date); provided, that, to the extent that such representations and warranties are qualified by materiality, material
adverse effect or similar language, they shall be true and correct in all respects. 
 (b) No Default or Event of Default shall exist or
would result from such proposed Credit Extension or from the application of the proceeds therefrom. 
 (c) The Administrative Agent and, if
applicable, the relevant L/C Issuer or the relevant Swing Line Lender shall have received a Request for Credit Extension in accordance with the requirements hereof. 

Each Request for Credit Extension (other than a Committed Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of Eurodollar
Rate Loans) submitted by Parent shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.
Notwithstanding anything to the contrary in this Section 4.02 or in Section 2.14, so long as no Event of Default has occurred pursuant to Section 8.01(a) or (f), the lenders providing any Incremental Term
Loans in connection with a Permitted Acquisition may agree to modify the conditionality with respect to such Incremental Term Loans such that the Permitted Acquisition may be consummated on a “certain funds” basis. 

  
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 ARTICLE V 

Representations and Warranties 

Each Loan Party represents and warrants to the Agents and the Lenders that: 

Section 5.01. Existence, Qualification and Power; Compliance with Laws. 

Each Loan Party (a) is a Person duly organized or formed, validly existing and in good standing (where relevant) under the Laws of the jurisdiction of
its incorporation or organization, (b) has all requisite power and authority to (i) own or lease its assets and carry on its business as currently conducted and (ii) execute, deliver and perform its obligations under the Loan
Documents to which it is a party, (c) is duly qualified and in good standing (where relevant) under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification,
(d) is in compliance with all Laws, orders, writs and injunctions and (e) has all requisite governmental licenses, authorizations, consents and approvals to operate its business as currently conducted; except in each case referred to in
clause (b)(i), (c), (d) or (e), to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect. 

Section 5.02. Authorization; No Contravention. 

The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is a party, and the consummation of the Closing Date
Transactions, (a) are within such Loan Party’s corporate or other powers, (b) have been duly authorized by all necessary corporate or other organizational action and (c) do not and will not (i) contravene the terms of any of
such Person’s Organization Documents, (ii) conflict with or result in any breach or contravention of, or the creation of any Lien under (other than as permitted by Section 7.01) (x) any material order, injunction, writ or
decree of any Governmental Authority or any arbitral award to which such Person or its property is subject or (y) any material agreement to which such Person is a party; or (iii) violate any material Law; except with respect to any
conflict, breach, violation or contravention referred to in clause (ii) or (iii), to the extent that such conflict, breach, violation or contravention would not reasonably be expected to have a Material Adverse Effect. 

Section 5.03. Governmental Authorization; Other Consents. 

No material approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority is necessary or required
in connection with (a) the execution, delivery or performance by any Loan Party of this Agreement or any other Loan Document, or for the consummation of the Closing Date Transactions, (b) the grant by any Loan Party of the Liens granted by
it pursuant to the Collateral Documents, or (c) the perfection or maintenance of the Liens created under the Collateral Documents (including the priority thereof), except for (i) filings and registrations necessary to perfect the Liens on
the Collateral granted by the Loan Parties in favor of the Secured Parties, (ii) the approvals, consents, exemptions, authorizations, actions, notices and filings which have been duly obtained, taken, given or made and are in full force and
effect (or, with respect to consummation of the Transactions, will be duly obtained, 

  
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taken, given or made and will be in full force and effect, in each case within the time period required to be so obtained, taken, given or made) and (iii) those approvals, consents,
exemptions, authorizations or other actions, notices or filings, the failure of which to obtain or make would not reasonably be expected to have a Material Adverse Effect. 

Section 5.04. Binding Effect. 
 This
Agreement and each other Loan Document has been duly executed and delivered by each Loan Party that is a party thereto. This Agreement and each other Loan Document constitutes, a legal, valid and binding obligation of such Loan Party, enforceable
against each Loan Party that is a party thereto in accordance with its terms, except as such enforceability may be limited by (a) Debtor Relief Laws and by general principles of equity, (b) the need for filings and registrations necessary
to perfect the Liens on the Collateral granted by the Loan Parties in favor of the Secured Parties and (c) the effect of foreign Laws, rules and regulations as they relate to pledges of Equity Interests in Foreign Subsidiaries (other than those
pledges made under the Laws of the jurisdiction of formation of the applicable Foreign Subsidiary). 
 Section 5.05. Financial
Statements; No Material Adverse Effect. 
 (a) The Audited Financial Statements and the Quarterly Financial Statements fairly present in
all material respects the financial condition of Parent and its Subsidiaries as of the dates thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the periods covered thereby,
(i) except as otherwise expressly noted therein and (ii) subject, in the case of the Quarterly Financial Statements, to changes resulting from normal year-end adjustments and the absence of footnotes. 

(b) Since the Closing Date, there has been no event or circumstance, either individually or in the aggregate, that has had or would reasonably
be expected to have a Material Adverse Effect. 
 Section 5.06. Litigation. 

There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Borrower, threatened in writing or contemplated, at law, in
equity, in arbitration or before any Governmental Authority, by or against any Loan Party or any of its Subsidiaries or against any of their properties or revenues (other than actions, suits, proceedings and claims in connection with the
Transactions) that either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 

Section 5.07. [Reserved] 

Section 5.08. Ownership of Property; Liens. 

Each Loan Party and each of its Subsidiaries has good record title to, or valid leasehold interests in, or easements or other limited property interests in,
all Real Property necessary in the ordinary conduct of its business, free and clear of all Liens except (i) as set forth on Schedule 5.08, (ii) minor defects in title that do not materially interfere with its ability to conduct its
business or to utilize such assets for their intended purposes, (iii) Liens permitted by Section 7.01 and (iv) where the failure to so have would not reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect. 

  
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 Section 5.09. Environmental Compliance. 

(a) There are no claims, actions, suits, or proceedings against Parent or any of its Subsidiaries alleging liability or responsibility for
violation of, or otherwise relating to, any Environmental Law that would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(b) Except as specifically disclosed in Schedule 5.09(b) or except as would not reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect, (i) none of the properties currently or formerly owned, leased or operated by any Loan Party or any of its Subsidiaries is listed or proposed for listing on the NPL or on the CERCLIS or any analogous
foreign, state or local list or is adjacent to any such property; (ii) there are no and never have been any underground or aboveground storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons in which Hazardous Materials
are being or have been treated, stored or disposed on any property currently owned, leased or operated by any Loan Party or any of its Subsidiaries or, to its knowledge, on any property formerly owned or operated by any Loan Party or any of its
Subsidiaries; (iii) there is no asbestos or asbestos-containing material on any property currently owned or operated by any Loan Party or any of its Subsidiaries; and (iv) Hazardous Materials have not been released, discharged or disposed
of by any Person on any property currently or formerly owned, leased or operated by any Loan Party or any of its Subsidiaries and Hazardous Materials have not otherwise been released, discharged or disposed of by any Loan Party or any of its
Subsidiaries at any other location. 
 (c) The properties owned, leased or operated by the Loan Parties and their Subsidiaries do not
contain any Hazardous Materials in amounts or concentrations which (i) constitute a violation of; (ii) require remedial action under; or (iii) could give rise to liability under, Environmental Laws, which violations, remedial actions
and liabilities, individually or in the aggregate, would reasonably be expected to result in a Material Adverse Effect. 
 (d) All Hazardous
Materials generated, used, treated, handled or stored at, or transported to or from, any property currently or formerly owned or operated by any Loan Party or any of its Subsidiaries have been disposed of in a manner that would not reasonably be
expected to result, individually or in the aggregate, in a Material Adverse Effect. 
 (e) Except as would not reasonably be expected to
result, individually or in the aggregate, in a Material Adverse Effect, none of the Loan Parties or any of their Subsidiaries has contractually assumed any liability or obligation under or relating to any Environmental Law. 

Section 5.10. Taxes. 
 Except as
would not reasonably be expected to result, individually or in the aggregate, in a Material Adverse Effect, each of the Loan Parties and each of their Subsidiaries has filed all Tax returns required to be filed, and has paid all Taxes required to be
paid by it, that are due and payable, except those Taxes which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been made in accordance with GAAP. 

  
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 Section 5.11. ERISA Compliance. 

(a) Except as would not, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, each Plan is
in compliance with the applicable provisions of ERISA, the Code and other Federal or state Laws. 
 (b) (i) No ERISA Event has occurred or
is reasonably expected to occur with respect to any Pension Plan or Multiemployer Plan; (ii) neither any Loan Party nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the
giving of notice under Section 4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (iii) neither any Loan Party nor any ERISA Affiliate has engaged in a transaction
that would reasonably be expected to be subject to Sections 4069 or 4212(c) of ERISA, except, with respect to each of the foregoing clauses of this Section 5.11(b), as would not reasonably be expected, individually or in the aggregate,
to result in a Material Adverse Effect. 
 (c) The Foreign Plans of the Loan Parties and the Subsidiaries are in compliance with the
requirements of any Law applicable in the jurisdiction in which the relevant Foreign Plan is maintained, in each case, except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

Section 5.12. Subsidiaries; Equity Interests. 

As of the Closing Date (after giving effect to any part of the Transactions that is consummated on or prior to the Closing Date), no Loan Party has any
material Subsidiaries other than those disclosed in Schedule 5.12, and all of the outstanding Equity Interests owned by the Loan Parties in such material Subsidiaries have been validly issued and are fully paid and all Equity Interests owned
by a Loan Party in such material Subsidiaries are owned free and clear of all Liens except (a) those created under the Collateral Documents; and (b) any Lien that is permitted under Section 7.01. As of the Closing Date,
Schedules 1(a) and 10(a) and (b) to the Perfection Certificate (a) set forth the name and jurisdiction of each Domestic Subsidiary that is a Loan Party and (b) set forth the ownership interest of the Borrowers and
any Subsidiary thereof in each Subsidiary, including the percentage of such ownership. 
 Section 5.13. Margin Regulations;
Investment Company Act. 
 (a) No Loan Party is engaged in, nor will it engage, principally or as one of its important activities, in
the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB (“Margin Stock”)), or extending credit for the purpose of purchasing or carrying Margin Stock, and no proceeds of any
Borrowings or drawings under any Letter of Credit will be used for the purpose of purchasing or carrying Margin Stock or any purpose that violates Regulation U. 

(b) None of the Loan Parties or any of the Subsidiaries of the Loan Parties is or is required to be registered as an “investment
company” under the Investment Company Act of 1940. 

  
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 Section 5.14. Disclosure. 

To the best of Parent’s knowledge, the reports, financial statements, certificates and other written information (other than as set forth below
and other than information of a general economic or industry nature) furnished by or on behalf of any Loan Party to any Agent or any Lender in connection with the Transactions and the negotiation of this Agreement or delivered hereunder or under any
other Loan Document, when taken as a whole, do not contain any material misstatement of fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially
misleading; provided, that, with respect to projected financial information and pro forma financial information, Parent represents only that such information was prepared in good faith based upon assumptions believed to be reasonable
at the time of preparation; it being understood that such financial information as it relates to future events is not to be viewed as fact and that such projections may vary from actual results and that such variances may be material. 

Section 5.15. OFAC and Patriot Act. 

(a) None of Parent, any of its Subsidiaries, or any of Parent’s directors or officers, nor, to the knowledge of Parent or any of its
Subsidiaries, any directors or officers of any of Parent’s Subsidiaries, is (i) the subject of Sanctions or controlled by someone who is the subject of Sanctions or (ii) in violation of any applicable requirement of Law relating to
Sanctions. 
 (b) None of Parent and its Subsidiaries is organized or resident in a country or territory that is the subject of Sanctions.

 (c) Parent and each of its Subsidiaries is in compliance with the United and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56 (the “USA Patriot Act”) and OFAC. 

Section 5.16. Intellectual Property; Licenses, Etc. 

Each of the Loan Parties and their Subsidiaries owns, licenses or possesses the right to use, all of the trademarks, service marks, trade names, domain names,
copyrights, patents, patent rights, technology, software, know-how database rights, design rights and other intellectual property rights (collectively, “IP Rights”) that are used or held for use in connection with and reasonably
necessary for the operation of their respective businesses as currently conducted, except where the failure to so own, license or possess the right to use any such IP Rights would not reasonably be expected to have a Material Adverse Effect. No IP
Rights and, to the Loan Parties’ knowledge, no advertising, product, process, method, substance, part or other material, in each case used by any Loan Party or any of its Subsidiaries in the operation of their respective businesses as currently
conducted infringes upon any rights held by any other Person except for such infringements, individually or in the aggregate, which would not reasonably be expected to have a Material Adverse Effect. No claim or litigation regarding any of the IP
Rights, is pending or, to the knowledge of the Borrower, threatened against any Loan Party or any of its Subsidiaries, which, either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 

  
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 As of the Closing Date, (i) each Loan Party owns each copyright, patent or trademark listed in Schedule
12(a) or 12(b) to the Perfection Certificate and (ii) all registrations listed in Schedule 12(a) or 12(b) to the Perfection Certificate are valid and in full force and effect, except, in each case, to the extent failure
to own or possess such right to use or of such registrations to be valid and in full force and effect would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

Section 5.17. Solvency. 
 On the
Closing Date after giving effect to the Closing Date Transactions, Parent and its Subsidiaries, on a consolidated basis taken as a whole, are Solvent. 

Section 5.18. FCPA. 
 No Loan Party,
none of its Subsidiaries nor, to the knowledge of Parent, any director, officer, agent or employee of Parent or any of its Subsidiaries acting in his/her capacity as such, has taken any action, directly or indirectly, that would result in a
violation by such persons of the FCPA, including making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other
property, gift, promise to give, or authorization of the giving of anything of value to any “foreign official” (as such term is defined in the FCPA) or any foreign political party or official thereof or any candidate for foreign political
office, in contravention of the FCPA. Parent and its Subsidiaries have conducted their businesses in compliance with the FCPA and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue
to ensure, continued compliance therewith. 
 Section 5.19. Security Documents. 

(a) Security Agreement. The Collateral Documents are effective to create in favor of the Collateral Agent for the benefit of the
Secured Parties, legal, valid and enforceable Liens on, and security interests in, the Collateral described therein to the extent intended to be created thereby and (i) when financing statements and other filings in appropriate form are filed
in the offices specified on Schedule 6 to the Perfection Certificate and (ii) upon the taking of possession or control by the Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession or
control (which possession or control shall be given to the Collateral Agent to the extent required by the Security Agreement or the Intercreditor Agreement (if in effect)), the Liens created by the Collateral Documents shall constitute fully
perfected Liens on, and security interests in (to the extent intended to be created thereby), all right, title and interest of the grantors in such Collateral to the extent perfection can be obtained by filing financing statements or taking
possession or control, in each case subject to no Liens other than Liens permitted hereunder. 
 (b) PTO Filing; Copyright Office
Filing. In addition to the actions taken pursuant to Section 5.20(a)(i), when the Security Agreement or a short form thereof (including any Intellectual Property Security Agreement) is properly filed in the United States Patent and

  
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Trademark Office and the United States Copyright Office, the Liens created by such Security Agreement (or Intellectual Property Security Agreement) shall constitute fully perfected Liens on, and
security interests in, all right, title and interest of the grantors (to the extent intended to be created thereby) in Patents (as defined in the Security Agreement) registered or applied for with the United States Patent and Trademark Office or
Copyrights (as defined in such Security Agreement) and Trademarks (as defined in the Security Agreement) registered or applied for with the United States Copyright Office, as the case may be, in each case subject to no Liens other than Liens
permitted hereunder (it being understood that subsequent recordings in the United States Patent and Trademark Office and the United States Copyright Office may be necessary to perfect a Lien on registered or applied-for Trademarks, Patents and
Copyrights acquired by the grantors thereof after the Closing Date). 
 (c) Notwithstanding anything herein (including this
Section 5.20) or in any other Loan Document to the contrary, neither Parent nor any other Loan Party makes any representation or warranty as to the effects of perfection or non-perfection, the priority or the enforceability of any pledge
of or security interest (other than with respect to those pledges and security interests made under the Laws of the jurisdiction of formation of the applicable Foreign Subsidiary) in any Equity Interests of any Foreign Subsidiary, or as to the
rights and remedies of the Agents or any Lender with respect thereto, under foreign Law. 
 Section 5.20. Use of Proceeds. 

(a) The Borrowers will use the proceeds of the Term Loans solely for the following purposes: (i) for the Debt Proceeds Transfer;
(ii) for Parent to make the Purging Distributions; (iii) to make Investments, acquisitions and Restricted Payments, in each case, to the extent permitted hereunder; and/or (iv) to fund working capital and general corporate purposes of
Parent and the Restricted Subsidiaries, including the Closing Date Transaction Expenses and other expenses relating to the Transactions. 

(b) No proceeds of the Revolving Loans shall be used for the Purging Distributions unless Parent and its Restricted Subsidiaries shall be in
Pro Forma Compliance with the Liquidity Condition. 
 (c) No proceeds of the Loans will be used in violation of OFAC or the other Sanctions
(i) by Parent or any of its Restricted Subsidiaries or (ii) to Parent’s knowledge, any other Person. 

  
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 ARTICLE VI 

Affirmative Covenants 
 So long as
any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder which is accrued and payable remains unpaid or unsatisfied, or any Letter of Credit shall remain outstanding (and not Cash Collateralized), each of the Loan
Parties shall, and shall cause each of their Restricted Subsidiaries to: 
 Section 6.01. Financial Statements. 

(a) Deliver to the Administrative Agent for prompt further distribution to each Lender within ninety (90) days after the end of each
fiscal year of Parent (or, with respect to fiscal year 2013 and fiscal year 2014, within ninety-five (95) days after the end of such fiscal year) beginning with the 2013 fiscal year, a consolidated balance sheet of Parent and its Subsidiaries
as at the end of such fiscal year, and the related consolidated statements of income or operations, stockholders’ equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal
year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of PricewaterhouseCoopers LLP or any other independent registered public accounting firm of nationally recognized standing, which
report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such
audit (other than any qualification that is expressly solely with respect to, or expressly resulting solely from, (i) an upcoming maturity date of the Revolving Facility; or (ii) any potential inability to satisfy a financial maintenance
covenant on a future date or in a future period) (an “Accounting Opinion”); and 
 (b) Deliver to the Administrative Agent
for prompt further distribution to each Lender within forty-five (45) days after the end of each of the first three (3) fiscal quarters of each fiscal year of the Borrower (or, with respect to fiscal year 2014, within fifty (50) days
after the end of each of the first three fiscal quarters in such fiscal year), a consolidated balance sheet of Parent and its Subsidiaries as at the end of such fiscal quarter and the related (i) consolidated statements of income or operations
for such fiscal quarter and for the portion of the fiscal year then ended, and (ii) consolidated statements of cash flows for the portion of the fiscal year then ended, setting forth in each case in comparative form the figures for the
corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified by a Responsible Officer of Parent as fairly presenting in all material respects the financial
condition, results of operations, stockholders’ equity and cash flows of Parent and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes. 

Notwithstanding the foregoing, the obligations in clauses (a) and (b) of this Section 6.01 may be satisfied with respect
to financial information of Parent and the Restricted Subsidiaries by furnishing Parent’s Form 10-K or 10-Q, as applicable, filed with the SEC; provided, that, to the extent such information is in lieu of information required to be
provided under Section 6.01(a), such materials are accompanied by an Accounting Opinion. The information delivery requirements set forth in this Section 6.01 for the applicable period may be satisfied by Parent prior to the
commencement of the exchange offer or the effectiveness of the shelf registration statement with respect to the Senior Notes by (i) the posting of such information on Parent’s or a Borrower’s public website (which may include a press
release of Parent or a Borrower), (ii) the filing with the SEC of such exchange offer registration statement and/or shelf registration statement, and any amendments thereto, with such information or (iii) by including in the registration
statement for the IPO quarterly or annual updates, as applicable, containing the applicable required information. 

  
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 Documents required to be delivered pursuant to Section 6.01 and Section 6.02(b) and
(c) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which Parent (or any direct or indirect parent of Parent) posts such documents, or provides a link thereto, at the
website address listed on Schedule 10.02; or (ii) on which such documents are posted on Parent’s behalf on IntraLinks/IntraAgency or another relevant website (including without limitation the EDGAR website of the Securities and
Exchange Commission), if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent). 

Section 6.02. Certificates; Other Information. 

Deliver to the Administrative Agent for prompt further distribution to each Lender: 

(a) no later than five (5) days after the delivery of the financial statements referred to in Section 6.01(a) and (b),
a duly completed Compliance Certificate signed by a Responsible Officer of Parent; 
 (b) promptly after the same are publicly available,
copies of all annual, regular, periodic and special reports and registration statements which Parent or any Subsidiary files with the SEC or with any Governmental Authority that may be substituted therefor (other than amendments to any registration
statement (to the extent such registration statement, in the form it became effective, is delivered), exhibits to any registration statement and, if applicable, any registration statement on Form S-8) and in any case not otherwise required to be
delivered to the Administrative Agent pursuant hereto; 
 (c) together with the delivery of each Compliance Certificate pursuant to
Section 6.02(a) (but only together with the delivery of a Compliance Certificate in connection with financial statements delivered pursuant to Section 6.01(a)), (i) a report setting forth the information required by a
Perfection Certificate Supplement or confirming that there has been no change in such information since the Closing Date or the date of the last such report (provided that no such Perfection Certificate Supplement or confirmation shall be
required in connection with the Compliance Certificate to be delivered for the financial statements relating to the fiscal year ended December 31, 2013) and (ii) a list of the Subsidiaries of Parent that identifies each Subsidiary as a
Restricted or an Unrestricted Subsidiary as of the date of delivery of such Compliance Certificate; and 
 (d) promptly, such additional
information regarding the business, legal, financial or corporate affairs of the Loan Parties or any of their respective Subsidiaries, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender through the
Administrative Agent may from time to time reasonably request. 
 The Loan Parties hereby acknowledge that (a) the Administrative Agent and/or the
Arranger will make available to the Lenders and the L/C Issuers materials and/or information provided by or on behalf of the Borrowers hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks or
another similar electronic system (the “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to Parent
or its Affiliates, or the respective securities 

  
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of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. The Loan Parties hereby agree that so long as
Parent is the issuer of any outstanding debt or equity securities that are registered or issued pursuant to a private offering or is actively contemplating issuing any such securities it will use commercially reasonable efforts to identify that
portion of the Borrower Materials that may be distributed to the Public Lenders and that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC “which, at a minimum, shall mean that the word “PUBLIC
“shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” Parent shall be deemed to have authorized the Administrative Agent, the Arrangers, the L/C Issuers and the Lenders to treat such
Borrower Materials as not containing any material non-public information (although it may be sensitive and proprietary) with respect to Parent, either Borrower or their respective securities for purposes of United States Federal and state securities
laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all Borrower Materials marked “PUBLIC “are permitted to be made
available through a portion of the Platform designated “Public Side Information;” and (z) the Administrative Agent and the Arranger shall be entitled to treat any Borrower Materials that are not marked “PUBLIC “as being
suitable only for posting on a portion of the Platform not designated “Public Side Information.” Notwithstanding the foregoing, Parent shall be under no obligation to mark any Borrower Materials “PUBLIC”. 

Section 6.03. Notices. 
 Promptly
after a Responsible Officer of a Loan Party has obtained knowledge thereof, notify the Administrative Agent: 
 (a) of the occurrence of any
Default; 
 (b) of the occurrence of any ERISA Event; and 

(c) of any matter (including in regard to any court suit or action) that has resulted or would reasonably be expected to result in a Material
Adverse Effect. 
 Each notice pursuant to this Section shall be accompanied by a written statement of a Responsible Officer of Parent setting forth details
of the occurrence referred to therein and stating what action the Loan Parties have taken and propose to take with respect thereto and shall be made available to the Lenders by the Administrative Agent. 

Section 6.04. Payment of Taxes. 

Pay, discharge or otherwise satisfy as the same shall become due and payable, all its obligations and liabilities in respect of Taxes imposed upon it
(including in its capacity as withholding agent) or upon its income or profits or in respect of its property, except, in each case, (a) to the extent the failure to pay or discharge the same would not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect, or (b) which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been made in accordance with GAAP. 

  
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 Section 6.05. Preservation of Existence, Etc. 

(a) Preserve, renew and maintain in full force and effect its legal existence under the Laws of the jurisdiction of its organization except
(x) in a transaction permitted by Section 7.03 or 7.04 and (y) any Restricted Subsidiary may merge or consolidate with any other Restricted Subsidiary and (b) take all reasonable action to maintain all rights,
privileges (including its good standing where applicable in the relevant jurisdiction), permits, licenses and franchises necessary or desirable in the normal conduct of its business, except (i) to the extent that failure to do so would not
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or (ii) pursuant to a transaction permitted by Section 7.03 or 7.04 or clause (y) of this Section 6.05. 

Section 6.06. Maintenance of Properties. 

Except if the failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, (a) maintain,
preserve and protect all of its material tangible properties and equipment necessary in the operation of its business in good working order, repair and condition, ordinary wear and tear excepted and casualty or condemnation excepted, and
(b) make all necessary renewals, replacements, modifications, improvements, upgrades, extensions and additions thereof or thereto in accordance with prudent industry practice and in the normal conduct of its business. 

Section 6.07. Maintenance of Insurance. 

Maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business against loss or damage of the kinds
customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance reasonable and customary for similarly situated Persons engaged in the same or similar
businesses as Parent and the Restricted Subsidiaries) as are customarily carried under similar circumstances by such other Persons. Subject to Section 6.13(a), all such insurance policies of the Loan Parties shall name the Collateral
Agent as additional insured (solely in the case of liability insurance) or loss payee (solely in the case of property insurance), as applicable. With respect to each parcel of Real Property that is subject to a Mortgage, obtain flood insurance in
such total amount (no greater than the value of the property) as the Administrative Agent or the Required Lenders may from time to time reasonably require, if at any time the area in which any improvements on such Real Property are located is
designated a “flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), and otherwise comply with the National Flood Insurance Program as set forth in the Flood
Disaster Protection Act of 1973, as amended from time to time. 
 Section 6.08. Compliance with Laws. 

Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or
property, except if the failure to comply therewith would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

  
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 Section 6.09. Books and Records. 

Maintain proper books of record and account, in which entries are full, true and correct in all material respects and are in conformity with GAAP consistently
applied and which reflect all material financial transactions and matters involving the business of the Loan Parties or a Restricted Subsidiary, as the case may be. 

Section 6.10. Inspection Rights. 

Permit representatives and independent contractors of the Administrative Agent and each Lender to visit and inspect any of its properties, to examine
its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its senior officers, and independent public accountants, all at reasonable times during normal
business hours, upon reasonable advance notice to Parent; provided, however, (a) unless an Event of Default exists, only the Administrative Agent on behalf of the Lenders may exercise the rights under this Section 6.10 and
the Administrative Agent shall not exercise such rights more often than two (2) times during any calendar year, (b) if an Event of Default exists and an individual Lender elects to exercise rights under this Section 6.10,
(x) such Lender shall coordinate with the Administrative Agent and any other Lender electing to exercise such rights and shall share the results of such inspection with the Administrative Agent on behalf of the Lenders and (y) the number
of visits and expense associated with such individual Lender inspections must be reasonable, and (c) Parent shall have the opportunity to participate in any discussions with Parent’s independent public accountants. 

Section 6.11. Additional Collateral; Additional Guarantors. 

(a) Subject to this Section 6.11 and Section 6.13(b), with respect to any property acquired after the Closing Date by
any Loan Party that is intended to be subject to the Lien created by any of the Collateral Documents but is not so subject, promptly (and in any event within thirty (30) days after the acquisition thereof (or, with respect to intellectual
property, in any event on a quarterly basis) (or such later date as the Administrative Agent may agree)) (i) execute and deliver to the Administrative Agent and the Collateral Agent such amendments or supplements to the relevant Collateral
Documents or such other documents as the Administrative Agent or the Collateral Agent shall reasonably request to grant to the Collateral Agent, for its benefit and for the benefit of the other Secured Parties, a Lien on such property subject to no
Liens other than Liens permitted hereunder; and (ii) take all actions reasonably necessary or advisable to cause such Lien to be duly perfected within the United States to the extent required by such Collateral Document in accordance with all
applicable Law, including the filing of financing statements in such jurisdictions within the United States as may be reasonably requested by the Administrative Agent. The Borrowers shall otherwise take such actions and execute and/or deliver to the
Collateral Agent such documents as the Administrative Agent or the Collateral Agent shall reasonably require to confirm the validity, perfection and priority of the Lien of the Collateral Documents on such after-acquired properties. 

(b) With respect to any Person that is or becomes a direct Subsidiary of a Loan Party after the Closing Date or ceases to be an Excluded
Subsidiary, promptly (and in any event within thirty (30) days after the later of (I) the date such Person becomes a Subsidiary or 

  
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(II) the date Parent delivers to the Administrative Agent financial statements by which it is determined that such Person ceased to be an Excluded Subsidiary (or such later date as the
Administrative Agent may agree)) (i) deliver to the Collateral Agent the certificates, if any, representing all of the Equity Interests of such Subsidiary owned by such Loan Party, together with undated stock powers or other appropriate
instruments of transfer executed and delivered in blank by a duly authorized officer of the holder (or holders) of such Equity Interests, and all intercompany notes owing from such Subsidiary to any Loan Party together with instruments of transfer
executed and delivered in blank by a duly authorized officer of such Loan Party (in each case, with respect to Foreign Subsidiaries, to the extent applicable and permitted under foreign laws, rules or regulations) or, if necessary to perfect a Lien
under applicable Law, by means of an applicable Collateral Document, to create a Lien on such Equity Interests and intercompany notes in favor of the Collateral Agent on behalf of the Secured Parties and (ii) cause any such Subsidiary
(A) to execute a joinder agreement reasonably acceptable to the Administrative Agent or such comparable documentation to become a Guarantor and a joinder agreement to the applicable Collateral Documents (including the Security Agreement),
substantially in the form annexed thereto, and (B) to take all other actions reasonably requested by the Administrative Agent or the Collateral Agent to cause the Lien created by the applicable Collateral Documents (including the Security
Agreement) to be duly perfected within the United States to the extent required by such agreement in accordance with all applicable Law, including the filing of financing statements in such jurisdictions within the United States as may be reasonably
requested by the Administrative Agent or the Collateral Agent. Notwithstanding the foregoing, (1) the Equity Interests required to be delivered to the Collateral Agent, or on which a Lien is required to be created, pursuant to clause
(i) of this Section 6.11(b) shall not include any Equity Interests of a Subsidiary that is an Excluded Subsidiary by reason of clauses (b) or (e) of the definition of Excluded Subsidiary, (2) no
Excluded Subsidiary shall be required to become a Guarantor or otherwise take the actions specified in clause (ii) of this Section 6.11(b), (3) no more than (A) 66% of the total voting power of all outstanding
voting stock and (B) 100% of the Equity Interests not constituting voting stock of any CFC or CFC Holdco (except that any such Equity Interests constituting “stock entitled to vote” within the meaning of Treasury Regulation
Section 1.956-2(c)(2) shall be treated as voting stock for purposes of this Section 6.11(b)) shall be required to be pledged and (4) no Equity Interests in any Person held by a Foreign Subsidiary shall be required to be
pledged. 
 (c) Each Loan Party shall grant to the Collateral Agent, within ninety (90) days of the acquisition thereof (or such later
date as the Administrative Agent may agree), a security interest in and mortgage in a form reasonably satisfactory to the Administrative Agent and Collateral Agent (a “Mortgage”) on each parcel of Real Property owned in fee by such
Loan Party as is acquired by such Loan Party after the Closing Date and that, together with any improvements thereon, individually has a fair market value of at least $5 million as additional security for the Obligations (unless the subject property
is already mortgaged to a third party to the extent permitted hereunder). Such Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and the Collateral Agent and shall
constitute valid and enforceable perfected Liens subject only to Liens permitted hereunder. The Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by Law to establish, perfect,
preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Mortgages and all taxes, fees and other charges payable in connection therewith shall be paid in full. Such Loan Party shall otherwise take such
actions and execute and/or deliver to the Collateral Agent such documents 

  
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as the Administrative Agent or the Collateral Agent shall reasonably require to confirm the validity, perfection and priority of the Lien of any existing Mortgage or new Mortgage against such
after-acquired Real Property (including, to the extent so required, a Title Policy, a Survey, local counsel opinion (in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent) and a completed
“Life-of-Loan” Federal Emergency Management Agency standard flood hazard determination, together with a notice executed by such Loan Party about special flood hazard area status, if applicable, in respect of such Mortgage). 

(d) The foregoing clauses (a) through (c) shall not require the creation or perfection of pledges of or security
interests in, or the obtaining of title insurance or surveys with respect to, particular assets if and for so long as (i) in the reasonable judgment of the Administrative Agent and Parent in writing, the cost of creating or perfecting such
pledges or security interests in such assets or obtaining title insurance or surveys in respect of such assets shall be excessive in view of the benefits to be obtained by the Lenders therefrom or (ii) such asset constitutes an Excluded Asset
(as such term is defined in the Security Agreement). In addition, the foregoing will not require actions under this Section 6.11 by a Person if and to the extent that such action would (a) go beyond the corporate or other powers of
the Person concerned (and then only as such corporate or other power cannot be modified or excluded to allow such action); or (b) unavoidably result in material issues of director’s personal liability, breach of fiduciary duty or criminal
liability. The Administrative Agent may grant extensions of time for the perfection of security interests in or the obtaining of title insurance or surveys with respect to particular assets (including extensions beyond the Closing Date for the
perfection of security interests in the assets of the Loan Parties on such date) where it reasonably determines, in consultation with Parent, that perfection cannot be accomplished without undue effort or expense by the time or times at which it
would otherwise be required by this Agreement or the Collateral Documents. 
 (e) Notwithstanding the foregoing provisions of this
Section 6.11 or anything in this Agreement or any other Loan Document to the contrary, Liens required to be granted from time to time pursuant to this Section 6.11 shall be subject to exceptions and limitations set forth
herein, in the Collateral Documents and, to the extent appropriate in the applicable jurisdiction, as agreed between the Collateral Agent and Parent. Notwithstanding the foregoing provisions of this Section 6.11 or anything in this
Agreement or any other Loan Document to the contrary, any Subsidiary of Parent that Guarantees the Senior Notes shall be a Guarantor hereunder for so long as it Guarantees such Indebtedness. 

Section 6.12. Compliance with Environmental Laws. 

Except, in each case, to the extent that the failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect, (a) comply, and take all reasonable actions to cause all lessees and other Persons operating or occupying its properties to comply with all applicable Environmental Laws and Environmental Permits, (b) obtain and renew all
Environmental Permits necessary for its operations and properties, and (c) to the extent the Loan Parties are required by Environmental Laws, conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial
or other action necessary to remove and clean up all Hazardous Materials from any affected property, in accordance with the requirements of all Environmental Laws. 

  
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 Section 6.13. Post-Closing Conditions and Further Assurances. 

(a) Within ninety (90) days after the Closing Date (subject to extension by the Administrative Agent in its discretion), deliver each
Collateral Document or other deliverable set forth on Schedule 6.13(a), duly executed by each Loan Party that is a party thereto, together with all documents and instruments required to perfect the security interest of the Administrative
Agent in the Collateral (if any) free of any other pledges, security interests or mortgages, except Liens permitted hereunder. 
 (b)
Promptly upon request by the Administrative Agent (i) correct any material defect or error that may be discovered in the execution, acknowledgment, filing or recordation of any Collateral Document or other document or instrument relating to any
Collateral, and (ii) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments as the Administrative Agent may reasonably
request from time to time in order to carry out more effectively the purposes of the Collateral Documents. If the Administrative Agent, the Collateral Agent or the Required Lenders reasonably determine that they are required by applicable Law to
have appraisals prepared in respect of the Real Property of any Loan Party constituting Collateral, Parent shall cooperate with the Administrative Agent in obtaining appraisals that satisfy the applicable requirements of the Real Estate Appraisal
Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent. 

Section 6.14. Designation of Subsidiaries. 

(a) After the Closing Date, Parent may designate any of its Subsidiaries (including any existing Subsidiary and any newly acquired or newly
formed Subsidiary but excluding the Borrowers) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on, any property of, Parent or any Subsidiary
of Parent (other than solely any Subsidiary of the Subsidiary to be so designated); provided, that no Default or Event of Default shall have occurred and be continuing and Parent and its Restricted Subsidiaries shall be in Pro Forma
Compliance with Section 7.09 for the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01 and provided, further that (a) such designation complies with
Section 7.06; and (b) each of the Subsidiary to be so designated and its Subsidiaries has not at the time of designation, and does not thereafter, create, incur, issue, assume, guarantee or otherwise become directly or indirectly
liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of any Loan Party or any Restricted Subsidiary. 

(b) Parent may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided, that, immediately before and after giving
effect to such designation, no Default or Event of Default shall have occurred and be continuing and Parent and its Restricted Subsidiaries shall be in Pro Forma Compliance with Section 7.09 for the most recently ended Test Period for
which financial statements have been delivered pursuant to Section 6.01; provided, further, that any Indebtedness of the applicable Subsidiary and any Liens encumbering its property existing as of the time of such
designation shall be deemed incurred or established, as applicable at such time. 

  
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 (c) Any such designation by Parent shall be notified by Parent to the Administrative Agent by
promptly delivering to the Administrative Agent a certificate of a Responsible Officer of Parent certifying that such designation complied with the foregoing provision. Parent shall not be permitted to designate any Subsidiary as an Unrestricted
Subsidiary if such Subsidiary is not designated as an Unrestricted Subsidiary (or equivalent term) in the documentation relating to any other Indebtedness of the Loan Parties in excess of the Threshold Amount (to the extent permissible under such
Indebtedness). 
 Section 6.15. [Reserved] 

Section 6.16. Use of Proceeds. 
 Use
the proceeds of the Credit Extensions (including any issued Letters of Credit) not in contravention of any Law (including the Sanctions and OFAC) or of any Loan Document. 

Section 6.17. Maintenance of Ratings. 

Use commercially reasonable efforts to (a) cause each Facility to be continuously rated (but not any specific rating) by S&P and Moody’s and
(b) maintain a public corporate rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Moody’s, in each case for Parent. 

Section 6.18. Lender Calls. 
 At the
request of the Administrative Agent or of the Required Lenders and upon reasonable prior notice, hold a conference call (at a location and time selected by the Administrative Agent and Parent) with all Lenders who choose to attend such conference
call, at which conference call the financial results of the previous fiscal year or first two (2) fiscal quarters of the current fiscal year, as applicable, and the financial condition of Parent and its Subsidiaries shall be reviewed;
provided, that notwithstanding the foregoing, the requirement set forth in this Section 6.18 may be satisfied with a public earnings call; provided, further, in no event shall any such call be required to take place
prior to forty five (45) days after the end of each of the second fiscal quarter of each fiscal year of Parent and ninety (90) days after the end of each fiscal year of Parent, as applicable; provided, further, that Parent shall in
no event be required to hold more than two (2) such calls during any fiscal year. 
 Section 6.19. REIT Status. 

If Parent makes the REIT Election, beginning with its first taxable year in which such election is intended to be effective, Parent shall (a) use its
reasonable best efforts to operate so as to satisfy all requirements necessary to qualify and maintain its qualification as a REIT under the Code and (b) not engage in any “prohibited transaction” as defined for purposes of
Section 857(b)(6) of the Code that would reasonably be expect to have a Material Adverse Effect, in either case, unless the board of directors (or equivalent body) of Parent determines that it is no longer in the best interests of Parent to
continue to qualify as a REIT. 

  
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 ARTICLE VII 

Negative Covenants 
 So long as any
Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder which is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding: 

Section 7.01. Liens. 
 Parent
will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume or suffer to exist any Lien that secures any obligation or any related guarantee, on any asset or property of Parent or any of its Restricted
Subsidiaries, or any income or profits therefrom, or assign or convey any right to receive income therefrom, other than the following (“Permitted Liens”): 

(1) pledges, deposits or security by such Person under workmen’s compensation laws, unemployment insurance, employers’ health tax,
and other social security laws or similar legislation, or other insurance related obligations (including, but not limited to, in respect of deductibles, self-insured retention amounts and premiums and adjustments thereto) or indemnification
obligations of (including obligations in respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance, or good faith deposits in connection with bids, tenders, contracts
(other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits of cash or U.S. government bonds to secure surety, stay, customs or appeal bonds
to which such Person is a party, or deposits as security for contested taxes or import duties or for the payment of rent, performance and return of money bonds and other similar obligations (including letters of credit issued in lieu of any such
bonds or to support the issuance thereof and including those to secure health, safety and environmental obligations), in each case incurred in the ordinary course of business; 

(2) Liens imposed by law or regulation, such as carriers’, warehousemen’s and mechanics’ Liens, in each case for sums not yet
overdue for a period of more than thirty (30) days or being contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards against such Person with respect to which such Person shall then be proceeding with
an appeal or other proceedings for review if adequate reserves with respect thereto are maintained on the books of such Person in accordance with GAAP; 

(3) Liens for Taxes, assessments or other governmental charges not yet overdue for a period of more than thirty (30) days or which are
being contested in good faith by appropriate proceedings, if adequate reserves with respect thereto are maintained on the books of such Person in accordance with GAAP; 

(4) Liens in favor of issuers of performance, surety bonds or bid, indemnity, warranty, release, appeal or similar bonds or with respect to
other regulatory requirements or letters of credit issued pursuant to the request of and for the account of such Person in the ordinary course of its business; 

  
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 (5) survey exceptions, encumbrances, easements or reservations of, or rights of others for,
licenses, rights-of-way, sewers, electric lines, telegraph and telephone lines, utilities and other similar purposes, or zoning or other restrictions as to the use of real properties or Liens incidental to the conduct of the business of such Person
or to the ownership of its properties which were not incurred in connection with Indebtedness or other covenants, conditions, restrictions and minor defects or irregularities in title (“Other Encumbrances”), in each case which Liens
and Other Encumbrances do not in the aggregate materially adversely affect the value of said properties or materially impair their use in the operation of the business of such Person; 

(6) Liens securing Indebtedness permitted to be incurred pursuant to clause (4) of Section 7.02(b); provided,
that such Liens extend only to the assets and/or Capital Stock, the acquisition, lease, construction, repair, replacement or improvement of which is financed thereby and any replacements, additions or accessions thereto and any income or profits
therefrom; 
 (7) Liens existing on the Closing Date listed on Schedule 7.01(b); 

(8) Liens on property or shares of stock of a Person at the time such Person becomes a Subsidiary; provided, however, such Liens
are not created or incurred in connection with, or in contemplation of, such other Person becoming such a Subsidiary; provided, further, however, that such Liens may not extend to any other property owned by Parent or any of its
Restricted Subsidiaries; 
 (9) Liens on property at the time Parent or a Restricted Subsidiary acquired the property, including any
acquisition by means of a merger or consolidation with or into Parent or a Restricted Subsidiary; provided, however, that such Liens are not created or incurred in connection with, or in contemplation of, such acquisition, merger or
consolidation; provided, further, however, that the Liens may not extend to any other property owned by Parent or any of its Restricted Subsidiaries; 

(10) Liens securing Indebtedness or other obligations of a Restricted Subsidiary owing to Parent, either Borrower or another Restricted
Subsidiary permitted to be incurred under Section 7.02; 
 (11) Liens securing Hedging Obligations so long as, in the case of
Hedging Obligations related to interest, the related Indebtedness is, and is permitted to be under this Agreement, secured by a Lien on the same property securing such Hedging Obligations; 

(12) Liens on specific items of inventory or other goods and proceeds of any Person securing such Person’s obligations in respect of
bankers’ acceptances or trade letters of credit issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

(13) (a) leases, subleases, licenses or sublicenses (including of real property and intellectual property) granted to others in the ordinary
course of business and (b) with respect to any leasehold interest held by Parent or any of its Subsidiaries, the terms of the leases granting such leasehold interest and the rights of lessors thereunder, in the case of each of (a) and
(b) which do not materially interfere with the ordinary conduct of the business of Parent or any of its Restricted Subsidiaries and do not secure any Indebtedness; 

  
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 (14) Liens arising from Uniform Commercial Code (or equivalent statute) financing statement
filings regarding operating leases entered into by Parent and its Restricted Subsidiaries in the ordinary course of business; 
 (15) Liens
in favor of the Loan Parties; 
 (16) Liens on equipment of Parent or any of its Restricted Subsidiaries granted in the ordinary course of
business; 
 (17) Liens on accounts receivable and related assets incurred in connection with a Receivables Facility permitted to be
incurred pursuant to Section 7.02(b)(19); 
 (18) Liens to secure any refinancing, refunding, extension, renewal or replacement
(or successive refinancings, refundings, extensions, renewals or replacements) as a whole, or in part, of any Indebtedness secured by any Lien referred to in the foregoing clauses (6), (7), (8), (9) and this
(18); provided, however, that (a) such new Lien shall be limited to all or part of the same property that secured the original Lien (plus improvements on such property), and (b) the Indebtedness secured by such
Lien at such time is not increased to any amount greater than the sum of (i) the outstanding principal amount or, if greater, committed amount of the Indebtedness described under clauses (6), (7), (8), (9) and
this (18) at the time the original Lien became a Permitted Lien under this Agreement, and (ii) an amount necessary to pay any fees and expenses, including premiums, and accrued and unpaid interest related to such refinancing,
refunding, extension, renewal or replacement; 
 (19) deposits made in the ordinary course of business to secure liability to insurance
carriers; 
 (20) other Liens securing obligations which do not exceed $100 million in aggregate principal amount at any one time
outstanding; 
 (21) Liens securing judgments for the payment of money not constituting an Event of Default under
Section 8.01(h) so long as such Liens are adequately bonded and any appropriate legal proceedings that may have been duly initiated for the review of such judgment have not been finally terminated or the period within which such
proceedings may be initiated has not expired; 
 (22) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payment of customs duties in connection with the importation of goods; 
 (23) Liens (i) of a collection bank arising under
Section 4-210 of the Uniform Commercial Code or any comparable or successor provision on items in the course of collection, (ii) attaching to commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course
of business, and (iii) in favor of banking or other financial institutions arising as a matter of law or pursuant to customary depositary terms encumbering deposits (including the right of set-off) and which are within the general parameters
customary in the banking industry; 

  
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 (24) Liens deemed to exist in connection with Investments in repurchase agreements permitted
pursuant to Section 7.02; provided, that such Liens do not extend to any assets other than those that are the subject of such repurchase agreement; 

(25) Liens encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts or
other brokerage accounts incurred in the ordinary course of business and not for speculative purposes; 
 (26) banker’s liens, Liens
that are statutory, common law or contractual rights of set-off and other similar Liens, in each case (i) relating to the establishment of depository relations with banks not given in connection with the issuance of Indebtedness,
(ii) relating to pooled deposit or sweep accounts of Parent or any of its Restricted Subsidiaries to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of Parent or any of its Restricted
Subsidiaries or (iii) relating to purchase orders and other agreements entered into with customers of Parent or any of its Restricted Subsidiaries in the ordinary course of business; 

(27) Liens pursuant to any Loan Document; 

(28) Liens on Collateral securing Indebtedness incurred pursuant to Section 7.02(b)(20) (without duplication of any amounts that
are secured pursuant to the Loan Documents), 7.02(b)(21) and 7.02(b)(22), in each case so long as such Indebtedness is subject to an Intercreditor Agreement (or Second Lien Intercreditor Agreement in the case of Permitted Junior
Secured Refinancing Debt and such other Indebtedness pursuant to such sections as shall be intended to be secured on a second-lien basis); 

(29) Liens on the Equity Interest of Unrestricted Subsidiaries that secure Indebtedness of such Unrestricted Subsidiaries; 

(30) any encumbrance or restriction (including put and call arrangements) with respect to capital stock of any joint venture or similar
arrangement pursuant to any joint venture or similar agreement; 
 (31) Liens on property or assets used to defease or to irrevocably
satisfy and discharge Indebtedness; provided, that such defeasance or satisfaction and discharge is not prohibited by this Agreement; 

(32) Liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into in the
ordinary course of business; 
 (33) Liens incurred to secure cash management services or to implement cash pooling arrangements in the
ordinary course of business; 
 (34) Liens solely on any cash earnest money deposits made by Parent or any of its Restricted Subsidiaries in
connection with any letter of intent or purchase agreement in respect of any Investment permitted under this Agreement; 

  
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 (35) additional Liens securing Indebtedness of Parent and its Restricted Subsidiaries permitted
pursuant to Section 7.02, so long as on a Pro Forma Basis after giving effect to the incurrence of such Indebtedness, Parent’s Consolidated Secured Leverage Ratio is less than or equal to 3.50 to 1.00 for the most recently ended
Test Period for which financial statements have been delivered pursuant to Section 6.01; provided, that any Liens on the Collateral incurred pursuant to this clause (35) shall be subject to an Intercreditor Agreement
or a Second Lien Intercreditor Agreement; and 
 (36) Liens on assets of Non-Guarantor Subsidiaries securing Indebtedness of such
Non-Guarantor Subsidiaries permitted pursuant to Section 7.02. 
 For purposes of this Section 7.01, the term
“Indebtedness” shall be deemed to include interest on and the costs in respect of such Indebtedness. 
 Section 7.02.
Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock. 
 (a) Parent will not, and will not permit any of
its Restricted Subsidiaries to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable, contingently, or otherwise (collectively, “incur” and collectively, an
“incurrence”) with respect to any Indebtedness (including Acquired Indebtedness) and Parent will not issue any shares of Disqualified Stock and will not permit any Restricted Subsidiary to issue any shares of Disqualified Stock or
Preferred Stock; provided, however, that Parent may incur Indebtedness (including Acquired Indebtedness) or issue shares of Disqualified Stock, and any Restricted Subsidiary may incur Indebtedness (including Acquired Indebtedness),
issue shares of Disqualified Stock and issue shares of Preferred Stock, if the Consolidated Total Leverage Ratio of Parent and its Restricted Subsidiaries for the most recently ended Test Period for which financial statements have been delivered
pursuant to Section 6.01 preceding the date on which such additional Indebtedness is incurred or such Disqualified Stock or Preferred Stock is issued would not have been greater than 6.00 to 1.00, determined on a Pro Forma Basis
(including a pro forma application of the net proceeds therefrom); provided, further, however, that Non-Guarantor Subsidiaries may not incur Indebtedness or issue Disqualified Stock or Preferred Stock pursuant to this
Section 7.02(a) if, after giving pro forma effect to such incurrence or issuance, more than $300 million of Indebtedness or Disqualified Stock or Preferred Stock of Non-Guarantor Subsidiaries is outstanding pursuant to this
paragraph and clause (16) of Section 7.02(b) in the aggregate. 
 (b) The provisions of Section 7.02(a)
hereof shall not apply to: 
 (1) Indebtedness of any Loan Party under the Loan Documents; 

(2) the incurrence by a Loan Party of Indebtedness represented by the Senior Notes (including any guarantee thereof); 

(3) Indebtedness of Parent or any of its Restricted Subsidiaries in existence on the Closing Date (other than Indebtedness described in
clauses (1) and (2)) listed on Schedule 7.02(b); 

  
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 (4) Indebtedness (including Capitalized Lease Obligations), Disqualified Stock and Preferred
Stock incurred or issued by Parent or any of its Restricted Subsidiaries, to finance the purchase, lease, construction or improvement of property (real or personal) or equipment that is used or useful in a Similar Business, whether through the
direct purchase of assets or the Capital Stock of any Person owning such assets, and any Indebtedness incurred to refinance any such Indebtedness, in an aggregate principal amount or liquidation preference which, when aggregated with the principal
amount of all other Indebtedness, Disqualified Stock and Preferred Stock then outstanding under this clause (4), does not exceed the greater of (x) $300 million and (y) 10% of the Total Assets determined at the time of incurrence;

 (5) Indebtedness incurred by Parent or any of its Restricted Subsidiaries constituting reimbursement obligations with respect to letters
of credit, bankers’ acceptances, bank guarantees, warehouse receipts or similar facilities issued or entered into in the ordinary course of business, including letters of credit in respect of workers’ compensation claims, performance or
surety bonds, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance or other Indebtedness with respect to reimbursement type obligations regarding workers’ compensation claims, performance
or surety bonds, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance; 
 (6)
Indebtedness arising from agreements of Parent or any of its Restricted Subsidiaries providing for indemnification, holdback, adjustment of purchase price or similar obligations, in each case, incurred or assumed in connection with the acquisition
or disposition of any business, assets or a Subsidiary, other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition; 

(7) Indebtedness of Parent to a Restricted Subsidiary or a Restricted Subsidiary to Parent or another Restricted Subsidiary; provided,
that (i) any such Indebtedness (other than such as may arise from ordinary course intercompany cash management obligations) owing by Parent, any Borrower or a Guarantor to a Non-Guarantor Subsidiary is expressly subordinated in right of payment
to the Obligations and (ii) any such Indebtedness (other than such as may arise from ordinary course intercompany cash management obligations) owing by a Non-Guarantor Subsidiary to Parent, any Borrower or a Guarantor is pledged to the
Administrative Agent pursuant to the terms of the Collateral Documents to the extent required thereby; provided, further, that any subsequent issuance or transfer of any Capital Stock or any other event which results in any Restricted
Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except to Parent or another Restricted Subsidiary or any pledge of such Indebtedness constituting a Permitted Lien) shall be deemed, in each
case, to be an incurrence of such Indebtedness not permitted by this clause (7); 
 (8) shares of Preferred Stock of a Restricted
Subsidiary issued to Parent or another Restricted Subsidiary; provided, that any subsequent issuance or transfer of any Capital Stock or any other event which results in such Preferred Stock being beneficially owned by a Person other than
Parent or any Restricted Subsidiary or any other subsequent transfer of any such shares of Preferred Stock (except to Parent or another of its Restricted Subsidiaries) shall be deemed in each case to be an issuance of such shares of Preferred Stock
not permitted by this clause (8); 

  
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 (9) Hedging Obligations (excluding Hedging Obligations entered into for speculative purposes) for
the purpose of limiting interest rate risk with respect to any Indebtedness permitted to be incurred pursuant to this Section 7.02, exchange rate risk, commodity pricing risk or any combination thereof; 

(10) obligations in respect of performance, bid, appeal and surety bonds and completion guarantees and similar obligations provided by Parent
or any of its Restricted Subsidiaries or obligations in respect of letters of credit, bank guarantees or similar instruments related thereto, in each case in the ordinary course of business or consistent with past practice; 

(11) Indebtedness or Disqualified Stock of Parent and Indebtedness, Disqualified Stock or Preferred Stock of any Borrower or Subsidiary
Guarantor not otherwise permitted hereunder in an aggregate principal amount or liquidation preference, which when aggregated with the outstanding principal amount and liquidation preference of all other Indebtedness, Disqualified Stock and
Preferred Stock then outstanding and incurred pursuant to this clause (11), does not at any one time outstanding exceed the greater of (x) $200 million and (y) 6.0% of Total Assets determined at the time of incurrence; 

(12) the incurrence by Parent or any Restricted Subsidiary of Indebtedness, Disqualified Stock or Preferred Stock which serves to refund or
refinance any Indebtedness, Disqualified Stock or Preferred Stock incurred or issued under clause (a) of this Section 7.02 and clauses (2), (3), this clause (12), and clauses (13) and (21) of
this Section 7.02(b), including, in each case, additional Indebtedness, Disqualified Stock or Preferred Stock incurred to pay premiums (including tender premiums), accrued interest, defeasance costs and reasonable fees and expenses in
connection therewith (collectively, the “Refinancing Indebtedness”); provided, however, that such Refinancing Indebtedness: 

(A) has a Weighted Average Life to Maturity at the time such Refinancing Indebtedness is incurred which is not less than the remaining Weighted
Average Life to Maturity of the Indebtedness, Disqualified Stock or Preferred Stock being refunded or refinanced, 
 (B) to the extent such
Refinancing Indebtedness refinances (i) Indebtedness subordinated or pari passu to the Obligations, such Refinancing Indebtedness is subordinated or pari passu, as the case may be, to the Obligations at least to the same extent as the
Indebtedness being refinanced or refunded or (ii) Disqualified Stock or Preferred Stock, such Refinancing Indebtedness must be Disqualified Stock or Preferred Stock, respectively, and 

(C) shall not include Indebtedness, Disqualified Stock or Preferred Stock of a Non-Guarantor Subsidiary that refinances Indebtedness,
Disqualified Stock or Preferred Stock of the Borrowers, Parent or a Guarantor. 

  
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 (13) Indebtedness, Disqualified Stock or Preferred Stock of (x) Parent or a Loan Party
incurred to finance an acquisition or (y) Persons that are acquired by Parent or any Loan Party or merged into or consolidated with Parent or a Loan Party in accordance with the terms of this Agreement; provided that, after giving effect
to such acquisition, merger or consolidation, either: 
 (A) Parent would be permitted to incur at least $1.00 of additional Indebtedness
pursuant to the Consolidated Leverage Ratio test set forth in Section 7.02(a), or 
 (B) the Consolidated Total Leverage Ratio is
less than or equal to the Consolidated Total Leverage Ratio immediately prior to such acquisition, merger or consolidation; 
 (14)
Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business or other cash management services in the ordinary course of
business, provided, that such Indebtedness is extinguished within ten (10) Business Days of notice of its incurrence; 
 (15)
(A) any guarantee by Parent or a Restricted Subsidiary of Indebtedness or other obligations of any Restricted Subsidiary so long as the incurrence of such Indebtedness incurred by such Restricted Subsidiary is permitted under the terms of this
Agreement and, in the case of the guarantee by a Loan Party of Indebtedness of Non-Guarantor Subsidiary, only to the extent that the related Investment is permitted, or (B) any guarantee by a Restricted Subsidiary of Indebtedness of Parent;

 (16) Indebtedness of Non-Guarantor Subsidiaries in an aggregate principal amount, which when aggregated with the principal amount of all
other Indebtedness then outstanding and incurred pursuant to this clause (16) does not exceed $150 million at any one time outstanding; 

(17) Indebtedness of Parent or any of its Restricted Subsidiaries consisting of (i) the financing of insurance premiums or
(ii) take-or-pay obligations contained in supply arrangements in each case, incurred in the ordinary course of business; 
 (18)
Indebtedness consisting of Indebtedness issued by Parent or any of its Restricted Subsidiaries to current or former officers, directors and employees thereof, their respective estates, spouses or former spouses, in each case to finance the purchase
or redemption of Equity Interests of Parent permitted under Section 7.05(e); 
 (19) Indebtedness incurred pursuant to any
Receivable Facilities in an outstanding principal amount not to exceed $75 million; 
 (20) Indebtedness incurred pursuant to any Standalone
Letter of Credit Facility in an aggregate principal amount not to exceed $80 million; 
 (21) Indebtedness incurred pursuant to a Permitted
Debt Offering so long as, at the time of the incurrence thereof, after giving effect thereto, the aggregate principal amount of such Indebtedness does not exceed the Maximum Incremental Facilities Amount; 

  
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 (22) Credit Agreement Refinancing Indebtedness; 

(23) Equity Interests (other than Disqualified Stock) of Capital LLC in connection with “UPREIT” acquisitions that do not constitute
a Change of Control; and 
 (24) Indebtedness of Parent or any of its Restricted Subsidiaries undertaken in connection with cash management
and related activities with respect to any Subsidiary or joint venture in the ordinary course of business. 
 (c) For purposes of
determining compliance with this Section 7.02, in the event that an item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) meets the criteria of more than one of the categories of permitted Indebtedness,
Disqualified Stock or Preferred Stock described in clauses (1) through (24) of Section 7.02(b) above or is entitled to be incurred pursuant to Section 7.02(a) hereof, Parent, in its sole discretion,
will divide and/or classify on the date of incurrence and may later redivide and/or reclassify such item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) and will only be required to include the amount and type of such
Indebtedness, Disqualified Stock or Preferred Stock in one of the above clauses or such paragraph. 
 Accrual of interest, the accretion of
accreted value and the payment of interest in the form of additional indebtedness with the same terms, the payment of dividends in the form of additional shares of Disqualified Stock or Preferred Stock, as applicable, of the same class, and
accretion of original issue discount or liquidation preference will not be deemed to be an incurrence of Indebtedness, Disqualified Stock or Preferred Stock for purposes of this Section 7.02. Guarantees of, or obligations in respect of
letters of credit relating to, Indebtedness which is otherwise included in the determination of a particular amount of Indebtedness shall not be included in the determination of such amount of Indebtedness; provided that the Incurrence of the
Indebtedness represented by such guarantee or letter of credit, as the case may be, was in compliance with this Section 7.02. 
 For purposes of
determining compliance with any U.S. dollar-denominated restriction on the incurrence of Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency
exchange rate in effect on the date such Indebtedness was incurred, in the case of term debt, or first committed (whichever is lower), in the case of revolving credit debt; provided, that if such Indebtedness is incurred to refinance other
Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable U.S. dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such
U.S. dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced. For the avoidance of doubt and
notwithstanding any other provision of this covenant, the maximum amount of Indebtedness that may be incurred pursuant to this Section 7.02 shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of
currencies. 
 The principal amount of any Indebtedness incurred to refinance other Indebtedness, if incurred in a different currency from the Indebtedness
being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such respective Indebtedness is denominated that is in effect on the date of such refinancing. 

  
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 Notwithstanding anything to the contrary contained in this Section 7.02, Parent will not, and will
not permit any Loan Party to, directly or indirectly, incur any Indebtedness (including Acquired Indebtedness) that is subordinated or junior in right of payment to any Indebtedness of such Loan Party, as the case may be, unless such Indebtedness is
expressly subordinated in right of payment to the Obligations or such Guarantor’s Guarantee to the extent and in the same manner as such Indebtedness is subordinated to other Indebtedness of the applicable Loan Party. 

For the purposes of this Agreement, (a) Indebtedness that is unsecured is not deemed to be subordinated or junior to secured Indebtedness merely because
it is unsecured, and (b) Indebtedness is not deemed to be subordinated or junior to any other Indebtedness merely because it has a junior priority with respect to the same collateral. 

Section 7.03. Fundamental Changes. 

Neither Parent nor any of its Restricted Subsidiaries shall merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in one
transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that: 

(a) any Restricted Subsidiary may merge or consolidate with (i) Parent or a Borrower (including a merger, the purpose of which is to
reorganize such Borrower into a new jurisdiction); provided, that Parent or such Borrower shall be the continuing or surviving Person; or (ii) one or more other Restricted Subsidiaries; provided, that when any Person that is a
Loan Party is merging with a Restricted Subsidiary under this clause (a)(ii), a Loan Party shall be the continuing or surviving Person; 

(b) (i) any Subsidiary that is not a Loan Party may merge or consolidate with or into any other Subsidiary that is not a Loan Party; and
(ii) any Subsidiary may liquidate or dissolve into its parent if Parent determines in good faith that such action is in the best interest of Parent and its Subsidiaries as a whole and is not materially disadvantageous to the Lenders; 

(c) Parent or any Restricted Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise) to
Parent or any Restricted Subsidiary; provided, that if the transferor in such a transaction is a Borrower or a Guarantor, then the transferee must be Parent, a Borrower or a Guarantor and; provided, further, that at least one
Borrower shall remain after such transaction; and 
 (d) so long as no Default exists or would result therefrom, Parent or a Borrower may
merge or consolidate with any other Person; provided, that (i) Parent or such Borrower shall be the continuing or surviving corporation or (ii) if the Person formed by or surviving any such merger or consolidation (any such Person,
the “Successor Company”) is not Parent or such Borrower, (A) the Successor Company shall be an entity organized or existing under the laws of the United States, any state or commonwealth thereof, the District of Columbia or any
territory thereof, (B) the Successor Company shall expressly assume all the obligations of such Borrower under this Agreement and the other Loan Documents to which such Borrower is a party 

  
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pursuant to a supplement hereto or thereto in form reasonably satisfactory to the Administrative Agent, (C) in the case of a Successor Company for a Borrower, each Guarantor, unless it is
the other party to such merger or consolidation, shall have confirmed that its Guarantee and its pledges and other obligations under the Collateral Documents shall apply to the Successor Company’s obligations under the Loan Documents,
including, to the extent reasonably requested by the Administrative Agent, by executing amendments or supplements to the Security Agreement, any Mortgage and any other Collateral Documents, and (D) Parent shall have delivered to the
Administrative Agent (i) an officer’s certificate stating that such merger or consolidation and such supplement to this Agreement or any Collateral Document comply with this Agreement and (ii) such other certificates and other
documentation as reasonably requested by the Administrative Agent; provided, further, that if the foregoing are satisfied, the Successor Company will succeed to, and be substituted for, the applicable Borrower under this Agreement;

 (e) so long as no Default exists or would result therefrom, a Guarantor may merge or consolidate with any other Person; provided,
that (i) such Guarantor shall be the continuing or surviving corporation or (ii) if the Successor Company is not such Guarantor, (A) the Successor Company shall be an entity organized or existing under the laws of the United States,
any state or commonwealth thereof, the District of Columbia or any territory thereof, (B) the Successor Company shall expressly assume all the obligations of such Guarantor under this Agreement and the other Loan Documents to which such
Guarantor is a party pursuant to a supplement hereto or thereto in form reasonably satisfactory to the Administrative Agent, and (C) such Guarantor shall have delivered to the Administrative Agent an officer’s certificate stating that such
merger or consolidation and such supplement to this Agreement or any Collateral Document comply with this Agreement; provided, further, that if the foregoing are satisfied, the Successor Company will succeed to, and be substituted for,
such Guarantor under this Agreement; 
 (f) so long as no Default exists or would result therefrom, Parent, a Borrower or any Restricted
Subsidiary may merge or consolidate with any other Person in order to effect an Investment permitted pursuant to Section 7.05; and 

(g) so long as no Default exists or would result therefrom, Parent or any Restricted Subsidiary may consummate a merger, dissolution,
liquidation, consolidation or Disposition, the purpose of which is to effect a Disposition permitted pursuant to Section 7.04. 

Section 7.04. Dispositions. 
 Parent
shall not, and shall not permit any of its Restricted Subsidiaries to, consummate any Disposition, except: 
 (a) any disposition of cash,
Cash Equivalents or Investment Grade Securities or damaged, obsolete or worn out equipment or other assets, or assets no longer used or useful in the business of Parent and the Restricted Subsidiaries in the reasonable opinion Parent, in each case,
in the ordinary course of business or any disposition of inventory or goods (or other assets) held for sale or any lease of advertising space, in each case in the ordinary course of business; 

(b) the disposition of all or substantially all of the assets of Parent or a Restricted Subsidiary in a manner permitted pursuant to
Section 7.03 (other than clause (g) thereof); 

  
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 (c) the making of any Restricted Payment that is permitted to be made, and is made, under
Section 7.05 or any Permitted Investment; 
 (d) any disposition of assets or issuance or sale of Equity Interests of any
Restricted Subsidiary in any transaction or series of transactions with an aggregate fair market value (as determined in good faith by Parent) not to exceed $10 million; 

(e) any disposition of property or assets or issuance of securities by a Restricted Subsidiary to Parent or by Parent or a Restricted
Subsidiary to another Restricted Subsidiary; provided, that any transfer from a Loan Party shall be to another Loan Party; 
 (f) to
the extent qualifying for non-recognition under Section 1031 of the Code, or any comparable or successor provision, any exchange of like property (excluding any boot thereon) for use in a Similar Business; 

(g) the lease, assignment or sub-lease of any real or personal property in the ordinary course of business; 

(h) any issuance or sale of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary; 

(i) foreclosures on assets or Dispositions of asset required by Law, governmental regulation or any Governmental Authority; 

(j) sales of accounts receivable, or participations therein, in connection with any Receivables Facility; 

(k) any financing transaction (excluding by way of a Sale and Lease-Back Transaction) with respect to property built or acquired by Parent, or
any of its Restricted Subsidiaries after the Closing Date; 
 (l) the licensing or sub-licensing of intellectual property or other general
intangibles in the ordinary course of business (other than exclusive, world-wide licenses that are longer than three (3) years); 
 (m)
sales, transfers and other dispositions of Investments in joint ventures to the extent required by, or made pursuant to, customary buy/sell arrangements between the joint venture parties set forth in joint venture arrangements and similar binding
arrangements; 
 (n) the lapse or abandonment of intellectual property rights in the ordinary course of business which, in the reasonable
good faith determination of Parent, are not material to the conduct of the business of Parent and its Restricted Subsidiaries taken as a whole; 

(o) an issuance of Equity Interests pursuant to benefit plans, employment agreements, equity plans, stock subscription or shareholder
agreements, stock ownership plans and other similar plans, policies, contracts or arrangements established in the ordinary course of business or approved by Parent in good faith; 

  
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 (p) any surrender or waiver of contract rights or the settlement, release, recovery on or
surrender of contract, tort or other claims of any kind; 
 (q) dispositions of receivables in connection with the compromise, settlement or
collection thereof in the ordinary course of business or in bankruptcy or similar proceedings and exclusive of factoring or similar arrangements; 

(r) dispositions of limited partnership or equivalent Equity Interests of Capital LLC for consideration at the time of any such disposition at
least equal to the fair market value (as determined in good faith by Parent) of the interests disposed of, in each case in connection with “UPREIT” acquisitions that do not constitute a Change of Control; 

(s) dispositions for at least fair market value of any property the disposition of which is necessary for Parent to qualify, or maintain its
qualification, as a REIT for U.S. federal income tax purposes, in each case, in Parent’s good faith determination; 
 (t) the granting
of Liens not prohibited by this Agreement; 
 (u) Dispositions of Investments in and the property of joint ventures (to the extent any such
joint venture constitutes a Restricted Subsidiary) so long as the aggregate fair market value (determined, with respect to each such Disposition, as of the time of such Disposition) of all such Dispositions does not exceed $10 million; and 

(v) Dispositions (including by way of any Sale and Lease-Back Transaction) with respect to which (1) Parent or any Restricted Subsidiary,
as the case may be, receives consideration at the time of such Disposition at least equal to the fair market value (as determined in good faith by Parent) of the assets sold or otherwise disposed of; and (2) except in the case of a Permitted
Asset Swap, at least 75% of the consideration therefor received by Parent or such Restricted Subsidiary, as the case may be, is in the form of cash or Cash Equivalents; provided, that the amount of: 

(i) any liabilities (as shown on Parent’s most recent consolidated balance sheet or in the footnotes thereto or if
incurred or accrued subsequent to the date of such balance sheet, such liabilities that would have been reflected on the Borrower’s consolidated balance sheet or in the footnotes thereto if such incurrence or accrual had taken place on or prior
to the date of such balance sheet, as determined in good faith by Parent) of Parent or such Restricted Subsidiary, other than liabilities that are by their terms subordinated to the Obligations, that are assumed by the transferee of any such assets
(or are otherwise extinguished by the transferee in connection with the transactions relating to such Disposition) and for which Parent and all such Restricted Subsidiaries have been validly released, 

(ii) any notes or other obligations or securities received by Parent or any such Restricted Subsidiary from such transferee
that are converted by Parent or any such Restricted Subsidiary into cash or Cash Equivalents, or by their terms are required to be satisfied for cash or Cash Equivalents (to the extent of the cash or Cash Equivalents received), in each case, within
one hundred and eighty (180) days following the receipt thereof, and 

  
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 (iii) any Designated Non-cash Consideration received by Parent or such Restricted
Subsidiary in such Disposition having an aggregate fair market value (as determined in good faith by Parent), taken together with all other Designated Non-cash Consideration received pursuant to this clause (iii) that is at that time
outstanding (but, to the extent that any such Designated Non-Cash Consideration is sold or otherwise liquidated for cash, minus the lesser of (a) the amount of the cash received (less the cost of disposition, if any) and (b) the
initial amount of such Designated Non-Cash Consideration) not to exceed $200 million, with the fair market value (as determined in good faith by Parent) of each item of Designated Non-cash Consideration being measured at the time received and
without giving effect to subsequent changes in value. 
 Section 7.05. Restricted Payments. 

Parent will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, (i) declare or pay any dividend or make any
payment or distribution on account of Parent’s or any of its Restricted Subsidiaries’ Equity Interests, including any dividend or distribution payable in connection with any merger or consolidation, other than (x) dividends or
distributions payable in Equity Interests (other than Disqualified Stock) of Parent, or (y) dividends or distributions by a Restricted Subsidiary so long as, in the case of any dividend or distribution payable on or in respect of any class or
series of securities issued by a Restricted Subsidiary other than a Wholly-Owned Subsidiary, Parent or a Restricted Subsidiary receives at least its pro rata share of such dividend or distribution in accordance with its Equity
Interests in such class or series of securities; (ii) purchase, redeem, defease or otherwise acquire or retire for value any Equity Interests of Parent, or to the extent held by a Person other than Parent or a Restricted Subsidiary, Capital
LLC, including in connection with any merger or consolidation; (iii) make any principal payment on, or redeem, repurchase, defease or otherwise acquire or retire for value in each case, prior to any scheduled repayment, sinking fund payment or
maturity, any Subordinated Indebtedness or unsecured Indebtedness other than the payment, redemption, repurchase, defeasance, acquisition or retirement of: (x) Indebtedness permitted under Section 7.02(b)(7); or (y) the
purchase, repurchase or other acquisition of Subordinated Indebtedness or unsecured Indebtedness purchased in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date
of purchase, repurchase or acquisition (all such payments and other actions set forth in clauses (i) through (iii) above being collectively referred to as “Restricted Payments”), except as follows:

 (a) so long as no Default shall have occurred and be continuing or would occur as a consequence thereof and Parent shall be in Pro
Forma Compliance with Section 7.09 for the most recently ended Test Period for which financial statements have been delivered pursuant to Section 6.01, Restricted Payments, together with the aggregate amount of all other
Restricted Payments made by Parent and its Restricted Subsidiaries after the Closing Date pursuant to Section 7.05(b) in an aggregate amount not to exceed the Available Amount; 

(b) the payment of any dividend or distribution or the consummation of any irrevocable redemption within sixty (60) days after the date
of declaration thereof or the giving of such irrevocable notice, as applicable, if at the date of declaration or the giving of such notice such payment would have complied with the provisions of this Agreement as if it were and is deemed at such
time to be a Restricted Payment at the time of such notice; 

  
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 (c) the redemption, repurchase, retirement or other acquisition of any Equity Interests of Parent
or Capital LLC, or of Subordinated Indebtedness or unsecured Indebtedness of any Loan Party, in exchange for, or out of the proceeds of the substantially concurrent issuance or sale (other than to a Restricted Subsidiary or to an employee stock
ownership plan or any trust established by Parent) of, Equity Interests of Parent (other than Disqualified Stock) (collectively, the “Refunding Capital Stock”); 

(d) the purchase, redemption, defeasance, repurchase or other acquisition or retirement of Subordinated Indebtedness or unsecured Indebtedness
of a Borrower or a Guarantor made by exchange for, or out of the proceeds of the substantially concurrent issuance of, new Indebtedness of a Borrower or a Guarantor, as the case may be, which is incurred in compliance with Section 7.02
so long as: 
 (i) the principal amount (or accreted value, if applicable) of such new Indebtedness does not exceed the
principal amount of (or accreted value, if applicable), plus any accrued and unpaid interest on, the Subordinated Indebtedness or unsecured Indebtedness being so purchased, redeemed, defeased, repurchased, acquired or retired for value,
plus the amount of any premium required to be paid under the terms of the instrument governing the Subordinated Indebtedness or unsecured indebtedness being so purchased, redeemed, defeased, repurchased, acquired or retired and any fees and
expenses incurred in connection with the issuance of such new Indebtedness; 
 (ii) such new Indebtedness is subordinated to
the Loans or the applicable Guarantee at least to the same extent as such Subordinated Indebtedness or unsecured Indebtedness so purchased, exchanged, redeemed, defeased, repurchased, acquired or retired for value; 

(iii) such new Indebtedness has a final scheduled maturity date equal to or later than the final scheduled maturity date of the
Subordinated Indebtedness or unsecured Indebtedness being so purchased, exchanged, redeemed, defeased, repurchased, acquired or retired; and 

(iv) such new Indebtedness has a Weighted Average Life to Maturity equal to or greater than the remaining Weighted Average Life
to Maturity of the Subordinated Indebtedness or unsecured Indebtedness being so purchased, exchanged, redeemed, defeased, repurchased, acquired or retired; 

(e) a Restricted Payment to pay for the repurchase, retirement or other acquisition or retirement for value of Equity Interests (other than
Disqualified Stock) of Parent held by any future, present or former employee, director or consultant of Parent or any of its Subsidiaries pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or
agreement, or any stock subscription or shareholder agreement; provided, however, that the aggregate Restricted Payments made under this Section 7.05(e) do not exceed in any calendar year $25 million (with unused amounts in
any calendar year being carried over for one additional calendar year); provided, further, that such amount in any calendar year may be increased by an amount not to exceed: 

(i) the cash proceeds from the sale of Equity Interests (other than Disqualified Stock) of Parent to members of management,
directors or consultants of Parent or any of its Subsidiaries that occurs after the Closing Date, to the extent the cash proceeds from the sale of such Equity Interests have not otherwise been applied to the payment of Restricted Payments by virtue
of the Available Amount; plus 

  
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 (ii) the cash proceeds of key man life insurance policies received by Parent or
any Restricted Subsidiary after the Closing Date; less 
 (iii) the amount of any Restricted Payments previously made
with the cash proceeds described in clauses (i) and (ii) of this Section 7.05(e); 
 and provided,
further, that cancellation of Indebtedness owing to Parent or any Restricted Subsidiary from members of management of Parent or any of Parent’s Restricted Subsidiaries in connection with a repurchase of Equity Interests of Parent will not
be deemed to constitute a Restricted Payment for purposes of this Section 7.05 or any other provision of this Agreement; 
 (f)
repurchases of Equity Interests deemed to occur (i) upon exercise of stock options, stock appreciation rights or warrants if such Equity Interests represent a portion of the exercise price of such options, stock appreciation rights or warrants
or (ii) for purposes of satisfying any required tax withholding obligation upon the exercise or vesting of a grant or award that was granted or awarded to an employee; 

(g) so long as no Default shall have occurred and be continuing or would occur as a consequence thereof, Restricted Payments in an aggregate
amount, taken together with all other Restricted Payments made pursuant to this Section 7.05(g), not to exceed $200 million; 

(h) distributions or payments of Receivables Fees; 

(i) the repurchase, redemption or other acquisition for value of Equity Interests of Parent deemed to occur in connection with paying cash in
lieu of fractional shares of such Equity Interests in connection with a share dividend, distribution, share split, reverse share split, merger, consolidation, amalgamation or other business combination of Parent or its Subsidiaries, in each case,
permitted under this Agreement; 
 (j) so long as no Default shall have occurred and be continuing or would occur as a consequence thereof,
the distribution, by dividend or otherwise, of shares of Capital Stock of, or Indebtedness owed to Parent or a Restricted Subsidiary by Unrestricted Subsidiaries (other than Unrestricted Subsidiaries, the primary assets of which are cash and/or Cash
Equivalents); 
 (k) the Purging Distributions so long as Parent is pursuing the REIT Election in good faith; provided, that
(i) no such dividend or distribution shall be permitted under this clause (k) to the extent an Event of Default of the type described in Section 8.01(a) or (f) has occurred and is continuing or the
Obligations have been accelerated following any other Event of Default, unless such dividend or distribution is being made with the proceeds of the IPO and (ii) the aggregate amount of the Purging Distributions to be paid in cash in reliance on
this clause (k) shall not exceed 20% of the aggregate value of all Purging Distributions; 

  
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 (l) for any taxable period in which the taxable income of Parent and/or any of its Subsidiaries
is included in a consolidated, combined or similar income tax group of which a direct or indirect parent of Parent is the common parent (a “Tax Group”), an amount not to exceed the tax liabilities that Parent and the applicable
Subsidiaries, in the aggregate, would have been required to pay in respect of such taxable income if such entities were a standalone group of corporations separate from such Tax Group (it being understood and agreed that, if Parent or any Subsidiary
pays any portion of such tax liabilities directly to any taxing authority, a Restricted Payment in duplication of such amount shall not be permitted to be made pursuant to this clause (l)); provided, that, from and after the execution
of the tax matters agreement in connection with the IPO and the Separation, and while such tax matters agreement remains in effect, payments in respect of any taxes pursuant to this clause (l) shall not exceed the amounts required to be
paid in respect of such taxes pursuant to such tax matters agreement; 
 (m) the declaration and payment of regularly scheduled or accrued
dividends to holders of any class or series of Disqualified Stock of Parent or any Restricted Subsidiary or Preferred Stock of any Restricted Subsidiaries issued or incurred in accordance with Section 7.02; 

(n) so long as no Event of Default shall have occurred and be continuing or would occur as a consequence thereof, any Restricted Payment to
fund the Transfers, so long as any Restricted Payments relating thereto are made in connection with or in anticipation of the Separation, so long as Parent is pursuing the Separation in good faith; 

(o) any Restricted Payment to fund the Transactions (including the Transfers) and the Purging Distribution to the extent funded with the
proceeds of the IPO, so long as any Restricted Payments relating thereto are made in connection with or in anticipation of the Separation, so long as Parent is pursuing the Separation in good faith; 

(p) payments of cash, or dividends, distributions or advances by Parent or any Restricted Subsidiary to allow the payment of cash in lieu of
the issuance of fractional shares upon the exercise of options or warrants or upon the conversion or exchange of Capital Stock of any such Person; 

(q) mandatory redemptions or repurchases of Disqualified Stock the issuance of which itself constituted a Restricted Payment or Permitted
Investment otherwise permissible hereunder; and 
 (r) the purchase, repurchase or other acquisition of Subordinated Indebtedness or
unsecured Indebtedness in an amount not to exceed $25 million. 
 Notwithstanding the foregoing, following the REIT Election, Parent may declare or pay any
dividend or make any distribution on or in respect of shares of Parent’s Capital Stock, in each case constituting a Restricted Payment, to holders of such Capital Stock to the extent that Parent believes in good faith that it qualifies as a
REIT and that the declaration or payment of a dividend or making of a distribution in such amount is necessary to maintain Parent’s status as a REIT for any taxable year, with such dividend to be paid or distribution to be made as and when
determined by Parent, whether during or after the end of the relevant taxable year; provided, that (i) 

  
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no such dividend or distribution shall be permitted under this paragraph to the extent that an Event of Default of the type described in Section 8.01(a) or (f) has
occurred and is continuing or the Obligations have been accelerated following any other Event of Default and (ii) two consecutive dividends or distributions pursuant to this paragraph shall not be permitted during the pendency of any individual
Event of Default. 
 Section 7.06. Investments. 

Parent shall not, nor shall Parent permit any of its Restricted Subsidiaries to, directly or indirectly make an Investment other than any Permitted
Investment. 
 Parent will not permit any Unrestricted Subsidiary to become a Restricted Subsidiary other than as permitted pursuant to
Section 6.14. For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by Parent and its Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so designated will
be deemed to be Investments in an amount determined as set forth in the last sentence of the definition of “Investment.” Such designation will be permitted only if an Investment in such amount would be permitted at such time,
pursuant to the definition of “Permitted Investments,” and if such Subsidiary otherwise meets the definition of an “Unrestricted Subsidiary.” 

Section 7.07. Transactions with Affiliates. 

(a) Parent shall not, and shall not permit any Restricted Subsidiary to, make any payment to, or sell, lease, transfer or otherwise dispose of
any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate of Parent (each of
the foregoing, an “Affiliate Transaction”) involving aggregate payments or consideration in excess of $25 million unless: (i) such Affiliate Transaction is on terms that are not materially less favorable to Parent or such
Restricted Subsidiary than those that would have been obtained in a comparable transaction by such Person with an unrelated Person on an arm’s-length basis; (ii) any Affiliate Transaction or series of related Affiliate Transactions
involving aggregate payments or consideration in excess of $50 million is approved by a majority of the board of directors (or equivalent body) of Parent; and (iii) Parent delivers to the Administrative Agent with respect to any Affiliate
Transaction or series of related Affiliate Transactions involving aggregate payments or consideration in excess of $75 million, an opinion as to the fairness to Parent or such Restricted Subsidiary of such Affiliate Transaction from a financial
point of view issued by an Independent Financial Advisor. 
 (b) The foregoing provisions will not apply to the following: 

(1) transactions between or among Parent or any Restricted Subsidiary (or any Person that becomes a Restricted Subsidiary as a result of, or
in connection with, such transaction, so long as neither such Person nor the selling entity was an Affiliate of Parent or any Restricted Subsidiary prior to such transaction); 

(2) Restricted Payments permitted to be made pursuant to Section 7.05 and Investments permitted to be made pursuant to
Section 7.06; 

  
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 (3) the payment of reasonable and customary fees and compensation paid to, and indemnities and
reimbursements and employment and severance arrangements and agreements provided on behalf of, or entered into with, officers, directors, employees or consultants of Parent or any of its Restricted Subsidiaries; 

(4) any agreement or arrangement (i) as in effect as of the Closing Date or (ii) anticipated to be entered into in connection with
the Separation and/or the Initial Public Offering, in each case, as set forth on Schedule 7.07, or any amendment thereto (so long as any such amendment is not disadvantageous in any material respect to the Lenders when taken as a whole as
compared to the applicable agreement, as determined in good faith by Parent) and any transaction contemplated thereby, as determined in good faith by Parent; 

(5) the Transactions and the payment of all fees and expenses related to the Transactions; 

(6) transactions with customers (including leases and other arrangements for the use of advertising space), clients, suppliers, or purchasers
or sellers of goods or services, or transactions otherwise relating to the purchase or sale of goods or services in each case in the ordinary course of business and otherwise in compliance with the terms of this Agreement which are fair to Parent
and its Restricted Subsidiaries, in the reasonable determination of the board of directors (or equivalent body) of Parent or the senior management thereof, or are on terms at least as favorable as might reasonably have been obtained at such time
from an unaffiliated party; 
 (7) the issuance or transfer of Equity Interests (other than Disqualified Stock) of Parent; 

(8) sales of accounts receivable, or participations therein, in connection with any Receivables Facility; 

(9) payments or loans (or cancellation of loans) to employees, directors or consultants of Parent or any of its Restricted Subsidiaries and
employment agreements, benefit plans, equity plans, stock option and stock ownership plans and other similar arrangements with such employees, directors or consultants which, in each case, are approved by Parent in good faith; 

(10) transactions with joint ventures for the purchase or sale of goods, equipment and services entered into in the ordinary course of
business; 
 (11) transactions with respect to which Parent or any Restricted Subsidiary, as the case may be, has obtained a letter from an
Independent Financial Advisor stating that such transaction is fair to Parent or such Restricted Subsidiary from a financial point of view or meets the requirements of Section 7.07(a)(i); 

(12) the issuances of securities or other payments, loans (or cancellation of loans) awards or grants in cash, securities or otherwise
pursuant to, or the funding of, employment arrangements, benefit plans, equity plans, stock option and stock ownership plans or similar employee benefit plans approved by the Board of directors (or equivalent body) of Parent in good faith; 

  
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 (13) any contribution to the capital of Parent (other than in consideration of Disqualified
Stock); and 
 (14) the provision to Unrestricted Subsidiaries of cash management, accounting and other overhead services in the ordinary
course of business undertaken in good faith and not for the purpose of circumventing any covenant set forth in this Agreement. 

Section 7.08. Burdensome Agreements. 

Parent shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become
effective any consensual encumbrance or consensual restriction on the ability of any such Restricted Subsidiary to: 
 (1) (a) pay
dividends or make any other distributions to Parent or any of its Restricted Subsidiaries on its Capital Stock or with respect to any other interest or participation in, or measured by, its profits, or (b) pay any Indebtedness owed to Parent or
any Restricted Subsidiary; 
 (2) make loans or advances to Parent or any Restricted Subsidiary; or 

(3) sell, lease or transfer any of its properties or assets to Parent or any Restricted Subsidiary 

except (in each case) for such encumbrances or restrictions existing under or by reason of: 

(a) contractual encumbrances or restrictions (i) in effect on the Closing Date or in the Senior Notes Indenture or (ii) to the
extent not in effect on the Closing Date, set forth on Schedule 7.08 hereto or in any other agreement governing Indebtedness permitted hereunder to the extent not materially more restrictive for Parent and its Restricted Subsidiaries than one
or both of the Loan Documents and/or the Senior Notes Indenture; 
 (b) the Loan Documents; 

(c) purchase money obligations for property acquired in the ordinary course of business and Capitalized Lease Obligations that impose
restrictions of the nature described in clause (3) above on the property so acquired or leased; 
 (d) applicable law or any
applicable rule, regulation or order; 
 (e) any agreement or other instrument of a Person acquired by or merged or consolidated with or
into Parent or any Restricted Subsidiary in existence at the time of such transaction (but not created in contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than
the Person and its Subsidiaries, or the property or assets of the Person and its Subsidiaries, so acquired; 

  
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 (f) contracts for the sale of assets, including customary restrictions with respect to a
Subsidiary of Parent, that impose restrictions solely on the assets to be sold; 
 (g) Secured Indebtedness otherwise permitted to be
incurred under Sections 7.01 and 7.02 that limit the right of the debtor to dispose of the assets securing such Indebtedness; 

(h) restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary course of business;

 (i) other Indebtedness, Disqualified Stock or Preferred Stock of Non-Guarantor Subsidiaries permitted to be incurred subsequent to the
Closing Date under Section 7.02; 
 (j) customary provisions in joint venture agreements or arrangements and other similar
agreements or arrangements relating solely to such joint venture; 
 (k) customary provisions contained in leases, sub-leases, licenses or
sub-licenses and other agreements, in each case, entered into in the ordinary course of business; 
 (l) any encumbrances or restrictions of
the type referred to in clauses (1), (2) and (3) above imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or
obligations referred to in clauses (a) through (k) above; provided, that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith
judgment of Parent, no more restrictive in any material respect with respect to such encumbrance and other restrictions taken as a whole than those prior to such amendment, modification, restatement, renewal, increase, supplement, refunding,
replacement or refinancing; and 
 (m) restrictions created in connection with any Receivables Facility that, in the good faith
determination of Parent are necessary or advisable to effect such Receivables Facility. 
 Section 7.09. Financial Covenant.

 As long as any Revolving Credit Commitment remains outstanding, Parent shall not permit the Consolidated Net Secured Leverage Ratio as of the last day of
any Test Period to be higher than 3.50 to 1.00 (such ratio, the “Maximum Consolidated Net Secured Leverage Ratio”); provided, that the Maximum Consolidated Net Secured Leverage Ratio will be increased to 4.00 to 1.00 upon the
occurrence of the REIT Election. 
 The provisions of this Section 7.09 are for the benefit of the Revolving Credit Lenders only and the
Required Class Lenders for the Revolving Credit Facility may amend, waive or otherwise modify this Section 7.09 or the defined terms used for purposes of this Section 7.09 (but solely for such purposes) or waive any Default
resulting from a breach of this Section 7.09 without the consent of any Lenders other than such Required Class Lenders in accordance with the provisions of clause (v) of the second proviso of Section 10.01. 

  
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 Section 7.10. Accounting Changes. 

Parent shall not make any change in its fiscal year; provided, however, that Parent may, upon written notice to the Administrative Agent,
change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, Parent and the Administrative Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are
necessary to reflect such change in fiscal year. 
 Section 7.11. Change in Nature of Business. 

Parent shall not, nor shall Parent permit any of its Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially
different from those lines of business conducted by Parent and its Restricted Subsidiaries on the Closing Date or any Similar Business. 

Section 7.12. Sale and Lease-Back Transactions. 

Parent will not, nor will it permit any Restricted Subsidiary to, enter into any Sale and Lease-Back Transaction; provided, that Parent or any
Restricted Subsidiary may enter into a Sale and Leaseback Transaction if (a) Parent or such Restricted Subsidiary, as applicable, could have (i) incurred Indebtedness in an amount equal to the Attributable Debt relating to such Sale and
Leaseback Transaction under Section 7.02, (ii) incurred a Lien to secure such Indebtedness without equally and ratably securing the Obligations pursuant to Section 7.01 and (b) the transfer of assets in such Sale
and Leaseback Transaction is permitted by Section 7.04(d) or (v) and Parent or such Restricted Subsidiary applies the proceeds of such transaction in compliance with Section 2.05(b). 

ARTICLE VIII 
 Events
Of Default and Remedies 
 Section 8.01. Events of Default. 

Any of the following shall constitute an event of default (an “Event of Default”): 

(a) Non-Payment. Any Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan,
(ii) within three (3) Business Days after the same becomes due, any interest on any Loan or (iii) within five (5) Business Days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

 (b) Specific Covenants. Parent fails to perform or observe any term, covenant or agreement contained in any of
Sections 6.01, 6.03(a) or 6.05(a) (solely with respect to Parent and the Borrowers), Section 6.16, or Article VII; provided, that a Default as a result of a breach of Section 7.09 (a
“Financial Covenant Event of Default”) shall not constitute an Event of Default with respect to any Term Loans, Incremental Term Loans or Extended Term Loans unless and until the Revolving Credit Lenders have declared all amounts
outstanding under the Revolving Credit Facility to be immediately due and payable and all outstanding Revolving Credit Commitments to be immediately terminated, in each case in accordance with this Agreement (the “Term Loan Standstill
Period”); or 

  
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 (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or
agreement (not specified in Section 8.01(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for thirty (30) days following the date a Responsible Officer of
Parent becomes aware of such failure; or 
 (d) Representations and Warranties. Any representation, warranty or certification made or
deemed made by or on behalf of Parent or any other Loan Party herein, in any other Loan Document, or in any document required to be delivered in connection herewith or therewith shall be incorrect in any material respect when made or deemed made; or

 (e) Cross-Default. Parent, any Borrower, or any Restricted Subsidiary (i) fails to make any payment beyond the applicable
grace period with respect thereto, if any (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness (including any outstanding letters of credit thereunder, but other than Indebtedness
hereunder) having an aggregate principal amount of not less than the Threshold Amount, or (ii) fails to observe or perform any other agreement or condition relating to any such Indebtedness, or any other event occurs that would constitute a
default under such Indebtedness (other than, with respect to Indebtedness consisting of Swap Contracts, termination events or equivalent events pursuant to the terms of such Swap Contracts), the effect of which default is to cause, or to permit the
holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to become due or to be repurchased, prepaid,
defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made or require cash collateralization thereof, prior to its stated maturity; provided, that this clause
(e)(ii) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness, if such sale or transfer is permitted hereunder and under the documents
providing for such Indebtedness; or 
 (f) Insolvency Proceedings, Etc. Any Loan Party or any Material Non-Guarantor Subsidiary
institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator,
rehabilitator, administrator, administrative receiver or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator, administrator, administrative receiver or
similar officer is appointed without the application or consent of such Loan Party or Material Non-Guarantor Subsidiary and the appointment continues undischarged or unstayed for sixty (60) calendar days; or any proceeding under any Debtor
Relief Law relating to any Loan Party or Material Non-Guarantor Subsidiary or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for sixty (60) calendar days, or an
order for relief is entered in any such proceeding; or any Loan Party or any Material Non-Guarantor Subsidiary becomes unable or fails generally to pay its debts as they become due; or 

(g) Judgments; Attachments. (i) There is entered against any Loan Party or any Material Non-Guarantor Subsidiary a final judgment
or order for the payment of money in an aggregate amount exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer has been notified of such judgment or order and has

  
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not disputed coverage) and such judgment or order shall not have been satisfied, vacated, discharged or stayed or bonded pending an appeal for a period of sixty (60) consecutive days; or
(ii) in respect of an obligation in excess of the Threshold Amount, any writ or warrant of attachment or execution or similar process is otherwise issued or levied against all or any material part of the property of the Loan Parties and any
Material Non-Guarantor Subsidiary, taken as a whole, and is not released, vacated or fully bonded within sixty (60) days after its issue or levy; or 

(h) Invalidity of Loan Documents. Any material provision of any Loan Document, at any time after its execution and delivery and for any
reason other than as expressly permitted hereunder or thereunder (including as a result of a transaction permitted under Section 7.03 or 7.04) or as a result of acts or omissions by the Administrative Agent or Collateral Agent or
any Lender or the satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party contests in writing the validity or enforceability of any provision of any Loan Document or the validity or priority of a Lien as
required by the Collateral Documents on a material portion of the Collateral; or any Loan Party denies in writing that it has any or further liability or obligation under any Loan Document (other than as a result of repayment in full of the
Obligations and termination of the Aggregate Commitments), or purports in writing to revoke or rescind any Loan Document; or 
 (i)
Change of Control. There occurs any Change of Control; or 
 (j) Collateral Documents. Any Collateral Document after delivery
thereof, including any Collateral Document delivered pursuant to Section 6.11 or 6.13, shall for any reason (other than pursuant to the terms thereof including as a result of a transaction not prohibited under this Agreement)
cease to create a valid and perfected Lien, with the priority required by the Collateral Documents on and security interest in any material portion of the Collateral, subject to Liens permitted under Section 7.01, (i) except to the
extent that any such loss of perfection or priority results from the failure of the Administrative Agent or the Collateral Agent to maintain possession of certificates actually delivered to it representing securities pledged under the Collateral
Documents or to file Uniform Commercial Code continuation statements and (ii) except for any failure due to foreign Laws, rules and regulations as they relate to pledges of Equity Interests in Foreign Subsidiaries (other than pledges made under
Laws of the applicable jurisdiction of formation of such Foreign Subsidiary); or 
 (k) ERISA. (i) An ERISA Event occurs with
respect to a Pension Plan or Multiemployer Plan which has resulted or would reasonably be expected to result in liability of a Loan Party, a Restricted Subsidiary or any ERISA Affiliate under Title IV of ERISA in an aggregate amount which would
reasonably be expected to result in a Material Adverse Effect, (ii) a Loan Party, any Restricted Subsidiary or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect
to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount which would reasonably be expected to result in a Material Adverse Effect, or (iii) with respect to any Foreign Plan, a termination,
withdrawal or noncompliance with applicable Law or plan terms, except as would not reasonably be expected to have a Material Adverse Effect. 

  
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 Section 8.02. Remedies Upon Event of Default. 

If any Event of Default occurs and is continuing, the Administrative Agent may and, at the request of the Required Lenders, shall take any or all of the
following actions (or, to the extent such Event of Default solely comprises a Financial Covenant Event of Default, prior to the expiration of the Term Loan Standstill Period, at the request of the Required Class Lenders with respect to the Revolving
Credit Facility only, and in such case only with respect to the Revolving Credit Loans, Revolving Credit Commitments, Swing Line Loans, and any Letters of Credit): 

(a) declare the commitment of each Lender to make Loans and any obligation of the L/C Issuers to make L/C Credit Extensions to be terminated,
whereupon such commitments and obligation shall be terminated; 
 (b) declare the unpaid principal amount of all outstanding Loans, all
interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby
expressly waived by the Loan Parties; 
 (c) require that the Borrowers Cash Collateralize the L/C Obligations (in an amount equal to the
then Outstanding Amount thereof); and 
 (d) exercise on behalf of itself and the Lenders all rights and remedies available to it and the
Lenders under the Loan Documents or applicable Law; 
 provided, that upon the entry of an order for relief with respect to Parent or either
Borrowers under the United States Bankruptcy Code (11 U.S.C. § 101, et seq), the obligation of each Lender to make Loans and any obligation of the L/C Issuers to make L/C Credit Extensions shall automatically terminate, the unpaid principal
amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable and the obligation of the Borrowers to Cash Collateralize, on a joint and several basis, the L/C Obligations as aforesaid
shall automatically become effective, in each case without further act of the Administrative Agent or any Lender. 
 Section 8.03.
Application of Funds. 
 After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become
immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the
Administrative Agent in the following order (to the fullest extent permitted by applicable Law): 
 First, to payment of that portion
of the Obligations constituting fees, indemnities, expenses and other amounts (other than principal and interest, but including Attorney Costs payable under Section 10.04 and amounts payable under Article III) payable to the
Administrative Agent or the Collateral Agent in its capacity as such; 
 Second, to payment of that portion of the Obligations
constituting fees, indemnities and other amounts (other than principal and interest) payable to the Lenders (including Attorney 

  
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Costs payable under Section 10.04 and amounts payable under Article III), ratably among them in proportion to the amounts described in this clause Second payable
to them; 
 Third, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans and L/C
Borrowings, and any fees, premiums and scheduled periodic payments due under Treasury Services Agreements or Secured Hedge Agreements, ratably among the Secured Parties in proportion to the respective amounts described in this clause
Third payable to them; 
 Fourth, to payment of that portion of the Obligations constituting unpaid principal of the Loans
and L/C Borrowings (including to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit), and any breakage, termination or other payments under Treasury Services Agreements or Secured Hedge
Agreements, ratably among the Secured Parties in proportion to the respective amounts described in this clause Fourth held by them; 

Fifth, to the payment of all other Obligations of the Borrowers that are due and payable to the Administrative Agent and the other
Secured Parties on such date, ratably based upon the respective aggregate amounts of all such Obligations owing to the Administrative Agent and the other Secured Parties on such date; and 

Last, the balance, if any, after all of the Obligations have been paid in full, as directed by Parent or as otherwise required by Law.

 Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause
Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount
shall be applied to the other Obligations, if any, in the order set forth above and, if no Obligations remain outstanding, as directed by Parent. 

ARTICLE IX 

Administrative Agent and Other Agents 

Section 9.01. Appointment and Authority. 

(a) Each of the Lenders and the L/C Issuers hereby irrevocably appoints Citibank to act on its behalf as the Administrative Agent and the
Collateral Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof,
together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Collateral Agent, the Lenders and the L/C Issuers, and neither Parent nor any
other Loan Party shall have rights as a third party beneficiary of any of such provisions. 
 (b) The Administrative Agent shall also act as
the Collateral Agent under the Loan Documents, and each of the Lenders (including in its capacity as a potential Hedge Bank) 

  
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and the L/C Issuers hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender and such L/C Issuer for purposes of acquiring, holding and enforcing any
and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as Collateral Agent and any
co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.02 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents,
or for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this Article IX and Article X (including Section 10.04(c), as though
such co-agents, sub-agents and attorneys-in-fact were the Collateral Agent under the Loan Documents) as if set forth in full herein with respect thereto. 

Section 9.02. Delegation of Duties. 

The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any
one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory
provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities
provided for herein as well as activities as Administrative Agent. 
 Section 9.03. Exculpatory Provisions. 

The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting
the generality of the foregoing, the Administrative Agent: 
 (a) shall not be subject to any fiduciary or other implied duties, regardless
of whether a Default has occurred and is continuing; 
 (b) shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or
percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents); provided, that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may
expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law; and 
 (c) shall not, except as
expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to Parent or any of its Affiliates that is communicated to or obtained by the Person
serving as the Administrative Agent or any of its Affiliates in any capacity. 

  
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 (d) The Administrative Agent shall not be liable for any action taken or not taken by it with the
consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in
Sections 10.01 and 8.02), in each case in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is
given to the Administrative Agent by the Borrower, a Lender or an L/C Issuer. 
 (e) The Administrative Agent shall not be responsible for
or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered
hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the
validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral
Documents, (v) the value or the sufficiency of any Collateral, or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the
Administrative Agent. 
 Section 9.04. Reliance by Administrative Agent. 

The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) reasonably believed by it to be genuine and to have been signed, sent or otherwise authenticated by the
proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and reasonably believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining
compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an L/C Issuer, the Administrative Agent may presume that such condition is
satisfactory to such Lender or such L/C Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender or an L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative
Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel,
accountants or experts. 
 Section 9.05. Non-Reliance on Administrative Agent and Other Lenders. 

Each Lender and L/C Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their
Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and L/C Issuer also acknowledges that it will, independently and without
reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time 

  
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deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished
hereunder or thereunder. 
 Section 9.06. Rights as a Lender. 

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

Section 9.07. Resignation of Administrative Agent. 

The Administrative Agent may at any time give notice of its resignation to the Lenders, the L/C Issuers and Parent. Upon receipt of any such notice of
resignation, the Required Lenders shall have the right, in consultation with Parent, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such
successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may
on behalf of the Lenders and the L/C Issuers, appoint a successor Administrative Agent meeting the qualifications set forth above; provided, that if the Administrative Agent shall notify Parent and the Lenders that no qualifying Person has
accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (a) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan
Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the L/C Issuers under any of the Loan Documents, the retiring Administrative Agent shall continue to hold such collateral
security until such time as a successor Administrative Agent is appointed) and (b) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and the
L/C Issuers directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor
shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or
under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by Parent to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed
between Parent and such successor. After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 10.04 shall continue in effect for the benefit of such
retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent. 

  
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 Any resignation by Citibank as Administrative Agent pursuant to this Section 9.07 shall also
constitute its resignation as L/C Issuer and Swing Line Lender. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, (i) such successor shall succeed to and become vested with all of the rights, powers,
privileges and duties of the retiring L/C Issuer and Swing Line Lender, (ii) the retiring L/C Issuer and Swing Line Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and
(iii) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring L/C Issuer to effectively assume
the obligations of the retiring L/C Issuer with respect to such Letters of Credit. 
 Section 9.08. Administrative Agent May File
Proofs of Claim. 
 In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party,
the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any
demand on the Borrowers) shall be entitled and empowered, by intervention in such proceeding or otherwise 
 (a) to file and prove a claim
for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the
claims of the Lenders, the L/C Issuers and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuers and the Administrative Agent and their respective agents
and counsel and all other amounts to the extent due to the Lenders, the L/C Issuers and the Administrative Agent under Sections 2.03(h) and (i), 2.09 and 10.04) allowed in such judicial proceeding; and 

(b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by
each Lender and L/C Issuer to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuers, to pay to the Administrative Agent any amount due
for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due to the Administrative Agent under Sections 2.09 and 10.04. 

Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or any
L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or any L/C Issuer to authorize the Administrative Agent to vote in respect of the claim of any Lender or any L/C
Issuer or in any such proceeding. 

  
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 Section 9.09. Collateral and Guaranty Matters. 

Each of the Lenders (including in its capacity as a potential Hedge Bank) and each L/C Issuer irrevocably authorize the Collateral Agent: 

(a) to release any Lien on any property granted to or held by the Administrative Agent under any Loan Document (i) upon termination of
the Aggregate Commitments and payment in full of all Obligations (other than (A) contingent indemnification obligations and (B) obligations and liabilities under Treasury Services Agreements and Secured Hedge Agreements, except as to
amounts that are due and payable thereunder for which the Administrative Agent has received a written notice from the applicable Hedge Bank) and the expiration or termination of all Letters of Credit (other than Letters of Credit that have been Cash
Collateralized or back-stopped by a letter of credit reasonably satisfactory to the applicable L/C Issuer), (ii) that is sold or to be sold as part of or in connection with any sale permitted hereunder or under any other Loan Document to a
Person that is not a Loan Party, (iii) that constitutes “Excluded Assets” (as such term is defined in the Security Agreement), (iv) if approved, authorized or ratified in writing in accordance with Section 10.01,
(v) if the property subject to such Lien is owned by a Guarantor, upon release of such Guarantor from its obligations under its Guaranty pursuant to clause (b) below or (vi) upon the terms of the Collateral Documents or
the Intercreditor Agreement (if in effect), Second Lien Intercreditor Agreement (if in effect), or any other intercreditor agreement entered into pursuant hereto. 

(b) to release any Guarantor from its obligations under the Guaranty (i) if such Person ceases to be a Subsidiary as a result of a
transaction permitted hereunder, or becomes an Excluded Subsidiary or an Unrestricted Subsidiary or (ii) upon termination of the Aggregate Commitments and payment in full of all Obligations (other than (A) contingent indemnification
obligations and (B) obligations and liabilities under Treasury Services Agreements and Secured Hedge Agreements, except as to amounts that are due and payable thereunder for which the Administrative Agent has received a written notice from the
applicable Hedge Bank) and the expiration or termination of all Letters of Credit (other than Letters of Credit that have been Cash Collateralized or back-stopped by a letter of credit reasonably satisfactory to the applicable L/C Issuer); and 

(c) to subordinate any Lien on any property granted to or held by the Administrative Agent or Collateral Agent under any Loan Document to the
holder of any Lien on such property that is permitted by Section 7.01(6) (but solely in the case of Indebtedness incurred pursuant to clause (4) of Section 7.02(b)). 

Upon request by the Administrative Agent or the Collateral Agent at any time, the Lenders will confirm in writing the Administrative Agent’s authority to
release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.09. The Administrative Agent or the Collateral Agent, as
applicable, will, at the Borrowers’ expense, execute and deliver to Parent such documents as Parent may reasonably request to evidence the release of any item of Collateral from the assignment 

  
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and security interest granted under the Collateral Documents or to subordinate its interest in such item, or to release any Loan Party from its obligations under the Guaranty, in each case in
accordance with the terms of the Loan Documents and this Section 9.09. 
 Notwithstanding the foregoing, if, in compliance with the terms and
provisions of Section 7.04 hereof, any portion of the Collateral is sold or otherwise transferred to a Person or Persons, none of which is a Loan Party, then (i) such portion of the Collateral shall, upon the consummation of such
sale or transfer, be automatically released from the Lien of the Collateral Agent pursuant to any Collateral Document and (ii) if the aggregate fair market value of the portion of the Collateral so sold or otherwise transferred exceeds $5
million, Parent will promptly deliver to the Administrative Agent a notice of the consummation of such sale or other transfer, certifying that such sale was made in compliance with Section 7.04 hereof. 

The Lenders hereby authorize the Administrative Agent and Collateral Agent, as applicable, to enter into any Intercreditor Agreement, any Second Lien
Intercreditor Agreement or other intercreditor agreement or arrangement permitted under this Agreement and the Lenders acknowledge that any such intercreditor agreement shall be binding upon the Lenders. The Administrative Agent and Collateral
Agent, as applicable, agree, upon the request of Parent and at the Borrower’s expense, to negotiate in good faith and enter into any Intercreditor Agreement, any Second Lien Intercreditor Agreement or other intercreditor agreement or
arrangement permitted under this Agreement. 
 Section 9.10. No Other Duties, Etc. 

Anything herein to the contrary notwithstanding, none of the “syndication agents,” “documentation agents,” “joint bookrunners”
or “joint lead arrangers” listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a
Lender or an L/C Issuer hereunder. 
 Section 9.11. Treasury Services Agreements and Secured Hedge Agreements. 

Except as expressly provided for herein with respect to any Designated Issuing Bank, no Hedge Bank that obtains the benefits of Section 8.03, the
Guaranty or any Collateral by virtue of the provisions hereof or of the Guaranty or any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or
otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision
of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Treasury Services Agreements and
Secured Hedge Agreements unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Hedge Bank, as the case may be. 

  
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 Section 9.12. Withholding Tax. 

To the extent required by any applicable Laws (as determined in good faith by the Administrative Agent), the Administrative Agent may withhold from any
payment to any Lender under any Loan Document an amount equivalent to any applicable withholding Tax. Without limiting or expanding the provisions of Section 3.01, each Lender shall indemnify and hold harmless the Administrative Agent
against, and shall make payable in respect thereof within ten (10) days after demand therefor, any and all Taxes and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the
Administrative Agent) incurred by or asserted against the Administrative Agent by the IRS or any other Governmental Authority as a result of the failure of the Administrative Agent to properly withhold Tax from amounts paid to or for the account of
such Lender for any reason (including because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or
reduction of withholding Tax ineffective). A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative
Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan Document against any amount due the Administrative Agent under this Section 9.12. The agreements in this
Section 9.12 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of
all other Obligations. For the avoidance of doubt, the term “Lender” shall, for purposes of this Section 9.12, include any Swing Line Lender and any L/C Issuer. 

ARTICLE X 

Miscellaneous 

Section 10.01. Amendments, Etc. 

Except as otherwise set forth in this Agreement, no amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent
to any departure by any Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and such Loan Party, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for
which given; provided, that, no such amendment, waiver or consent shall: 
 (a) extend or increase the Commitment of any
Lender without the written consent of each Lender holding such Commitment (it being understood that a waiver of any condition precedent or of any Default, Event of Default, mandatory prepayment or mandatory reduction of the Commitments shall not
constitute an extension or increase of any Commitment of any Lender); 
 (b) postpone any date scheduled for, or reduce or forgive the
amount of, any scheduled payment of principal or interest under Section 2.07 or 2.08 without the written consent of each Lender holding the applicable Obligation (it being understood that the waiver of (or amendment to the terms
of) any mandatory prepayment of the Term Loans shall not constitute a postponement of any date scheduled for the payment of principal or interest); 

  
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 (c) reduce or forgive the principal of, or the rate of interest specified herein on, any Loan, or
L/C Borrowing, or (subject to clause (iii) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document (or change the timing of payments of such fees or other
amounts) without the written consent of each Lender holding such Loan or L/C Borrowing or to whom such fee or other amount is owed; provided, that only the consent of the Required Lenders shall be necessary to amend the definition of
“Default Rate” or to waive any obligation of the Borrowers to pay interest at the Default Rate; 
 (d) subject to the third
paragraph of this Section 10.01, change any provision of this Section 10.01, the definition of “Required Lenders” or “Pro Rata Share” or Section 2.06(b), 2.13, 8.03
or 10.06 (with respect to assignments by the Borrowers), without the written consent of each Lender; 
 (e) change the definition of
“Required Class Lenders” without the written consent of each Lender in the affected Class; 
 (f) other than in connection
with a transaction permitted under Section 7.03 or 7.04, release all or substantially all of the Collateral in any transaction or series of related transactions, without the written consent of each Lender; 

(g) other than in connection with a transaction permitted under Section 7.03 or 7.04, release all or substantially all of
the aggregate value of the Guarantees, without the written consent of each Lender; 
 (h) without the written consent of the Required Class
Lenders, adversely affect the rights of a Class in respect of payments or Collateral in a manner different to the effect of such amendment, waiver or consent on any other Class, or 

(i) without the written consent of any Designated Issuing Bank, change any of the definitions of “Required Lenders”,
“Required Class Lenders” or “Secured Parties” or any of the provisions of Section 8.02, Section 8.03, this Section 10.01, Section 10.06(a) or Article 11 in a
manner that is materially adverse to such Designated Issuing Bank if such impact is disproportionate to the effect on the Lenders. 
 and
provided, further, that (i) no amendment, waiver or consent shall, unless in writing and signed by each L/C Issuer in addition to the Lenders required above, affect the rights or duties of an L/C Issuer under this Agreement or any
Letter of Credit Application relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by a Swing Line Lender in addition to the Lenders required above, affect the
rights or duties of such Swing Line Lender under this Agreement; (iii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent or the Collateral Agent, as applicable, in addition to the Lenders required
above, affect the rights or duties of, or any fees or other amounts payable to, the Administrative Agent or the Collateral Agent, as applicable, under this Agreement or any other Loan Document; (iv) Section 10.06(g) may not be
amended, waived or otherwise modified without the consent of each Granting Lender all or any part of whose Loans are being funded by an SPC at the time of such amendment, waiver or other modification; and

  
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(v) no amendment, waiver or consent shall be made to modify Section 7.09 or any definition related thereto (as any such definition is used for purposes of Section 7.09) or
waive any Default or Event of Default resulting from a failure to perform or observe the requirements of Section 7.09 without the written consent of the Required Class Lenders under the Revolving Credit Facility; provided,
however, that the waivers described in this clause (v) shall not require the consent of any Lenders other than the Required Class Lenders under such Facility; and provided, further, that (A) the Borrowers and
the Administrative Agent shall be permitted to enter into an amendment, supplement, modification, consent or waiver to cure any ambiguity, omission, defect, mistake or inconsistency in any Loan Document without the prior written consent of the
Required Lenders and (B) guarantees and collateral security documents and related documents executed by the Loan Parties in connection with this Agreement may be amended, restated, amended and restated, supplemented or waived without the
consent of any Lender if such amendment, restatement, amendment and restatement, supplement or waiver is delivered in order to (1) comply with local law or advice of local counsel, (2) cure ambiguities, omissions, mistakes, defects or
inconsistencies or (3) cause such guarantee, collateral security document or other document to be consistent with this Agreement and the other Loan Documents. 

Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent
hereunder, except that (i) the Commitment of such Lender may not be increased or extended, (ii) the maturity date of any Loan held by such Lender may not be extended and (iii) the principal or interest in respect of any Loans held by
such Lenders shall not be reduced or forgiven, in each case without the consent of such Lender (it being understood that any Commitments or Loans held or deemed held by any Defaulting Lender shall be excluded for a vote of the Lenders hereunder
requiring any consent of the Lenders). 
 Notwithstanding the foregoing, this Agreement may be amended (or amended and restated) with the written consent of
the Required Lenders, the Administrative Agent, Parent and the Borrowers (a) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued
interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other Loan Documents with the Term Loans and the Revolving Credit Loans and the accrued interest and fees in respect thereof and (b) to include
appropriately the Lenders holding such credit facilities in any determination of the Required Lenders. Notwithstanding the foregoing, this Agreement may be amended to adjust the borrowing mechanics related to Swing Line Loans with only the written
consent of the Administrative Agent, the applicable Swing Line Lender (or Swing Lien Lenders) and Parent so long as the Obligations of the Revolving Credit Lenders and, if applicable, any other Swing Line Lender are not affected thereby.
Notwithstanding anything to the contrary herein, this Agreement and the other Loan Documents may be amended as set forth in Section 2.14, Section 2.15 and Section 2.16. 

If any Lender does not consent to a proposed amendment, waiver, consent or release with respect to any Loan Document that requires the consent of such Lender
and that has been approved by the Required Lenders, Parent may replace such non-consenting Lender in accordance with Section 10.13; provided, that such amendment, waiver, consent or release can be effected as a result of the
assignment contemplated by such Section (together with all other such assignments required by Parent to be made pursuant to this paragraph). 

  
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 Section 10.02. Notices; Effectiveness; Electronic Communications. 

(a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except
as provided in clause (b) below), all notices and other communications provided for herein shall be in writing (including by electronic communication) and shall be delivered as follows, and all notices and other communications expressly
permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 
 (i) if to
Parent or the Administrative Agent, to the address, telecopier number, electronic mail address or telephone number specified for such Person on Schedule 10.02; and 

(ii) if to any Lender or L/C Issuer, to the address, telecopier number, electronic mail address or telephone number specified
in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender or L/C Issuer on its Administrative Questionnaire then in effect for the delivery of notices that may contain material
non-public information relating to the Borrower). 
 Notices and other communications sent by hand or overnight courier service, or mailed by certified or
registered mail, shall be deemed to have been given when received; notices and other communications sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next business day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in clause (b) below shall be effective
as provided in such clause (b). 
 (b) Electronic Communications. Notices and other communications to the Lenders and the L/C
Issuers 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; provided, that the foregoing shall not apply to
notices to any Lender or any L/C Issuer pursuant to Article II if such Lender or such L/C 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 Parent may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided, that approval of such procedures may be
limited to particular notices or communications. 
 Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to
an 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 sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the
recipient, 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. 

  
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 (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.”
THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY
KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE
BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower, any Lender, any L/C Issuer or any other Person for
losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of Borrower Materials through the Internet, except to the extent
that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party;
provided, however, that in no event shall any Agent Party have any liability to the Borrower, any Lender, any L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or
actual damages). 
 (d) Change of Address, Etc. Each of Parent or the Administrative Agent may change its address, telecopier or
telephone number for notices and other communications hereunder by notice to the other parties hereto. Each Lender and L/C Issuer may change its address, telecopier or telephone number for notices and other communications hereunder by notice to
Parent and the Administrative Agent. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier
number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public
Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public
Lender’s compliance procedures and applicable Law, including United States Federal and state securities Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the
Platform and that may contain material non-public information with respect to Parent or its securities for purposes of United States Federal or state securities laws. 

(e) Reliance by the Agents, L/C Issuer and Lenders. The Administrative Agent, the Collateral Agent, the L/C Issuers and the Lenders
shall be entitled to rely and act upon any notices (including telephonic Committed Loan Notices and Swing Line Loan Notices) purportedly given by or on behalf of Parent even if (i) such notices were not made in a manner specified herein, were
incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation 

  
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thereof. The Borrowers shall indemnify the Administrative Agent, the Collateral Agent, each L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and
liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of Parent in the absence of gross negligence or willful misconduct by such Person. All telephonic notices to and other telephonic communications
with the Administrative Agent or the Collateral Agent, may be recorded by the Administrative Agent or the Collateral Agent, and each of the parties hereto hereby consents to such recording. 

Section 10.03. No Waiver; Cumulative Remedies; Enforcement. 

No failure by any Lender or the Administrative Agent or the Collateral Agent to exercise, and no delay by any such Person in exercising, any right, remedy,
power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the
exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges
provided by Law. 
 Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies
hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the
Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuers; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its
own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) any L/C Issuer or the Swing Line Lender from exercising the rights and remedies that
inure to its benefit (solely in its capacity as L/C Issuer or Swing Line Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 10.08
(subject to the terms of Section 2.13), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law;
and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the
Administrative Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.13, any Lender may,
with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 

Section 10.04. Expenses; Indemnity; Damage Waiver. 

(a) Costs and Expenses. The Borrowers shall pay, on a joint and several basis, (i) all reasonable and documented out-of-pocket
expenses incurred by the Administrative Agent and its Affiliates (including the reasonable and documented out-of-pocket fees, charges and disbursements of counsel for the Administrative Agent), in connection with the syndication of the credit
facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications 

  
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or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated); (ii) all reasonable and documented out-of-pocket
expenses incurred by an L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder; and (iii) after the occurrence and during the continuance of an Event of Default,
all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, any Lender or any L/C Issuer (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for the Administrative
Agent, any Lender or any L/C Issuer) in connection with the enforcement or protection of its rights in connection with this Agreement and the Loans made or Letters of Credit issued hereunder, including all out-of-pocket expenses incurred during any
workout, restructuring or negotiations in respect of such Loans or Letters of Credit; provided that reasonable fees and disbursements of outside counsel shall be limited to (x) one primary counsel for the Administrative Agent and the
Lenders and, if reasonably required by the Administrative Agent, local or specialist counsel and (y) one additional counsel for the Lenders (unless there is an actual or perceived conflict of interest that requires separate representation for
any Lender, in which case those Lenders similarly affected shall, as a whole, be entitled to one separate counsel) and, to the extent reasonably necessary, local or specialist counsel. 

(b) Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender,
each Agent and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities
and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrowers or
any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties
hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the
administration of this Agreement and the other Loan Documents; (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer to honor a demand for payment under a Letter of
Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit); (iii) any actual or alleged presence or Release of Hazardous Materials at, on, under or emanating from any
property owned, leased or operated by Parent or any of its Subsidiaries, or any Environmental Liability related in any way to Parent or any of its Subsidiaries; or (iv) any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrowers or any other Loan Party or any of the Borrowers’ or such Loan Party’s directors, shareholders or
creditors, and regardless of whether any Indemnitee is a party thereto; provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are
determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) any material breach of the obligations of such Indemnitee
under the Loan Documents, or (y) any proceeding that does not involve an act or omission by Parent or any Restricted Subsidiary and that is brought by an Indemnitee against another Indemnitee (other than disputes involving claims against any
Agent in its capacity as such). 

  
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 (c) Reimbursement by Lenders. To the extent that either Borrower for any reason fails to
indefeasibly pay any amount required under clause (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), any L/C Issuer or any Related Party of any of the foregoing, each Lender
severally agrees to pay to the Administrative Agent (or any such sub-agent), any L/C Issuer or such Related Party, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or
indemnity payment is sought) of such unpaid amount; provided, that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or
any such sub-agent) or any L/C Issuer in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) or L/C Issuer in connection with such capacity. The obligations of the
Lenders under this clause (c) are subject to the provisions of Section 2.12(e). 
 (d) Waiver of Consequential
Damages, Etc. To the fullest extent permitted by applicable law, the Borrowers shall not assert, and hereby waive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed
to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of
Credit or the use of the proceeds thereof. No Indemnitee referred to in clause (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended
recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or
actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction. 

(e) Payments. All amounts due under this Section shall be payable not later than ten (10) days after demand therefor. 

(f) Survival. The agreements in this Section shall survive the resignation of the Administrative Agent, any L/C Issuer and the Swing
Line Lender, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. 

Section 10.05. Payments Set Aside. 

To the extent that any payment by or on behalf of a Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and
such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its
discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be
satisfied shall, to the fullest extent 

  
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possible under provisions of applicable Law, be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred; and (b) each Lender
severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount so recovered from or repaid by any Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per
annum equal to the applicable Federal Funds Rate from time to time in effect. 
 Section 10.06. Successors and Assigns. 

(a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby, and the Designated Issuing Bank (and its assigns), except that (other than as permitted pursuant to Section 7.03), no Borrower nor any other Loan Party may assign or
otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to
an Eligible Assignee in accordance with the provisions of Section 10.06(b); (ii) by way of participation in accordance with the provisions of Section 10.06(d); or (iii) by way of pledge or assignment of a security
interest subject to the restrictions of Section 10.06(f) or (iv) to an SPC in accordance with the provisions of Section 10.06(g) (and any other attempted assignment or transfer by any party hereto shall be null and
void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than (i) the parties hereto, (ii) their respective successors and assigns permitted hereby, (iii) Participants to the extent
provided in clause (d) of this Section and, (iv) to the extent expressly contemplated hereby, (x) the Related Parties of each of the Administrative Agent, the L/C Issuers and the Lenders and (y) the Designated Issuing Bank
(and its assigns)) any legal or equitable right, remedy or claim under or by reason of this Agreement. For the avoidance of doubt, the Designated Issuing Bank shall be a third party beneficiary of this Agreement solely with respect to all rights,
benefits and privileges herein in respect of it or its Standalone Letter of Credit Facility set forth in this Section 10.06, Section 8.02, Section 8.03, Section 10.15, Section 10.16 and
Section 10.17 and shall have all of the rights and benefits of a third-party beneficiary only in respect of the foregoing provisions. 

(b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations
under this Agreement (including all or a portion of its Commitment (or Commitments) and the Loans (including for purposes of this Section 10.06(b), participations in L/C Obligations and in Swing Line Loans) at the time owing to it);
provided, that any such assignment shall be subject to the following conditions: 
 (i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment under any Facility
and the Loans at the time owing to it under such Facility or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

  
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 (B) in any case not described in clause (b)(i)(A) of this Section, the
aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment,
determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less
than $5 million, in the case of any assignment in respect of the Revolving Credit Facility, or $1 million, in the case of any assignment in respect of Term Loans, unless each of the Administrative Agent and, so long as no Event of Default under
Section 8.01(a) or (f) has occurred and is continuing, Parent otherwise consents; provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an
Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met; 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under each applicable Facility, except that this clause (ii) shall not (A) apply to the Swing Line Lender’s rights and obligations in respect of Swing Line Loans or
(B) prohibit any Lender from assigning all or a portion of its rights and obligations under one Facility on a non-pro rata basis relative to its rights and obligations under another Facility; 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by clause
(b) (i)(B) of this Section and, in addition: 
 (A) the consent of Parent (such consent not to be unreasonably
withheld or delayed) shall be required unless (1) an Event of Default under Section 8.01(a) or (f) has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a
Lender or an Approved Fund; provided, that Parent shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within ten (10) Business Days after having received
notice thereof; 
 (B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed)
shall be required for assignments in respect of (1) any Term Commitment or Revolving Credit Commitment (and associated Revolving Credit Loans and participations in L/C Obligations and in Swing Line Loans) if such assignment is to a Person that
is not a Lender with a Commitment in respect of the applicable Facility, an Affiliate of such Lender or an Approved Fund with respect to such Lender or (2) any Term Loan to a Person that is not a Lender, an Affiliate of a Lender or an Approved
Fund; 
 (C) the consent of the L/C Issuers and the Swing Line Lender (each such consent not to be unreasonably withheld or
delayed) shall be required for any assignment in respect of the Revolving Credit Facility if such assignment is to a Person that is not a Lender with a Revolving Credit Commitment, an Affiliate of such a Lender or an Approved Fund with respect to
such a Lender. 

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

(v) No Assignment to Certain Persons. No such assignment shall be made (A) to Parent or any of Parent’s
Affiliates or Subsidiaries, (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), or (C) to a
natural person. 
 (vi) Certain Additional Payments. In connection with any assignment of rights and obligations of
any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in
an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of Parent
and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy
in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and
participations in Letters of Credit and Swing Line Loans in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become
effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to clause (c) of this Section, from and after the effective date
specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement,
and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the
assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of (and subject to the obligations and limitations of) Sections 3.01,
3.04, 3.05 and 10.04 with respect to amounts payable thereunder and accruing for such Lender’s benefit but not paid prior to the effective date of such assignment. Upon request, the Borrowers (at their expense) shall
execute and deliver a Note to the assignee Lender. Any 

  
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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 10.06(d). 
 (c) Register. The Administrative
Agent, acting solely for this purpose as a non-fiduciary agent of the Borrowers, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and
addresses of the Lenders, and the Commitments of, and principal amounts (and related interest amounts) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The
entries in the Register shall be conclusive absent manifest error and the Borrowers, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all
purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by Parent and any Lender (with respect to its own interests only), at any reasonable time and from time to time upon reasonable prior
notice. 
 (d) Participations. Any Lender may at any time, without the consent of, or notice to, Parent, the Borrowers or the
Administrative Agent, sell participations to any Eligible Assignee (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or
the Loans (including such Lender’s participations in L/C Obligations and/or Swing Line Loans) owing to it); provided, that (i) such Lender’s obligations under this Agreement shall remain unchanged; (ii) such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations; and (iii) the Borrower, the Administrative Agent, the Lenders and the L/C Issuers shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement
and to approve any amendment, modification or waiver of any provision of this Agreement; provided, that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver
or other modification described in the first proviso to Section 10.01 that affects such Participant. Subject to clause (e) of this Section, the Borrowers agree that each Participant shall be entitled to the benefits of
Sections 3.01, 3.04 and 3.05 (subject to the requirements and limitations of such Sections and Section 10.13 and the Participant’s compliance with Section 3.01(d)) to the same extent as if it were a
Lender and had acquired its interest by assignment pursuant to Section 10.06(b). To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender; provided
such Participant agrees to be subject to Section 2.13 as though it were a Lender. 
 Each Lender that sells a participation shall, acting
solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and related interest amounts) of each participant’s interest in the
Loans or other obligations under this Agreement (the “Participant Register”). The entries in the Participant Register shall be conclusive, absent manifest error, and the Borrowers and such Lender shall treat each person whose
name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary; provided, that no Lender shall have the obligation to disclose all or a portion of
the Participant 

  
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Register (including the identity of the Participant or any information relating to a Participant’s interest in any Loans or other obligations under any Loan Document) to any Person except to
the extent that such disclosure is necessary to establish that any loans are in registered form for U.S. federal income tax purposes. 
 (e)
Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, except to the extent such entitlement to receive a greater payment results in a Change in Law that occurs after the Participant acquired the applicable participation. 

(f) Certain Pledges. Any Lender may at any time, without consent or notice, pledge or assign a security interest in all or any portion
of its rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or any central bank having jurisdiction over such Lender;
provided, that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(g) Special Purpose Funding Vehicles. Notwithstanding anything to the contrary contained herein, any Lender (a “Granting
Lender”) may grant to a special purpose funding vehicle identified as such in writing from time to time by the Granting Lender to the Administrative Agent and Parent (an “SPC”) the option to provide all or any part of any
Loan that such Granting Lender would otherwise be obligated to make pursuant to this Agreement; provided, that (i) nothing herein shall constitute a commitment by any SPC to fund any Loan; (ii) any grant of such an option to any SPC
shall not constitute a novation, if an SPC elects not to exercise such option or otherwise fails to make all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof, and in no event shall any
Granting Lender be released from its obligations hereunder. Each party hereto hereby agrees that (i) each SPC shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 (subject to the requirements and limitations of
such Sections and Section 10.13) to the same extent as if it were a Granting Lender and had acquired its interest by assignment pursuant to Section 10.06(b); provided, that an SPC shall not be entitled to receive any
greater payment under Section 3.01 or 3.04 than the applicable Granting Lender would have been entitled to receive with respect to the SPC granted to such SPC, (ii) no SPC shall be liable for any indemnity or similar payment
obligation under this Agreement for which a Lender would be liable; and (iii) the Granting Lender shall for all purposes, including the approval of any amendment, waiver or other modification of any provision of any Loan Document, remain the
lender of record hereunder. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. In furtherance of the foregoing, each party hereto
hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior debt of any SPC, it will not institute
against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency, or liquidation proceeding under the laws of the United States or any State thereof. Notwithstanding anything to the contrary
contained herein, any SPC may (i) with notice to, but without prior consent of Parent and the Administrative Agent and with the payment of a processing fee in the amount of 

  
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$3,500 (which processing fee may be waived by the Administrative Agent in its sole discretion), assign all or any portion of its right to receive payment with respect to any Loan to the related
Granting Lender; and (ii) disclose on a confidential basis any non-public information relating to its funding of Loans to any rating agency, commercial paper dealer or provider of any surety or Guarantee or credit or liquidity enhancement to
such SPC. 
 (h) Resignation as L/C Issuer after Assignment. Notwithstanding anything to the contrary contained herein, if at any
time any L/C Issuer assigns all of its Revolving Credit Commitment and Revolving Credit Loans pursuant to Section 10.06(b), such L/C Issuer may, (i) subject to the remainder of this paragraph, upon thirty (30) days’ notice
to Parent and the Lenders, resign as L/C Issuer. In the event of any such resignation as L/C Issuer, Parent shall be entitled to appoint from among the Lenders a successor L/C Issuer hereunder; provided, however, that no failure by
Parent to appoint any such successor shall affect the resignation of such L/C Issuer. If any L/C Issuer resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of such L/C Issuer hereunder with respect to all Letters of
Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts
pursuant to Section 2.03(c)). Upon the appointment of a successor L/C Issuer, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer and (b) the
successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring L/C Issuer to effectively assume the obligations
of such L/C Issuer with respect to such Letters of Credit 
 (i) Resignation as Swing Line Lender after Assignment. Notwithstanding
anything to the contrary contained herein, if at any time Citibank assigns all of its Revolving Credit Commitment and Revolving Credit Loans pursuant to Section 10.06(b), Citibank may, (i) subject to the remainder of this paragraph,
upon thirty (30) days’ notice to Parent and the Lenders, resign as Swing Line Lender. In the event of any such resignation as Swing Line Lender, Parent shall be entitled to appoint from among the Lenders a Swing Line Lender hereunder;
provided, however, that no failure by Parent to appoint any such successor shall affect the resignation of Citibank as Swing Line Lender. If Citibank resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender
provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line
Loans pursuant to Section 2.04(c). Upon the appointment of a successor Swing Line Lender, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Swing Line Lender.

 Section 10.07. Treatment of Certain Information; Confidentiality. 

Each of the Administrative Agent, the Lenders and the L/C Issuers agrees to maintain the confidentiality of the Information (as defined below), except that
Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, trustees, advisors and representatives (it being understood that the Persons to whom such
disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential and that the disclosing party shall be liable for the failure 

  
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of any such Persons to adhere to the requirements of this Section 10.07); (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it
(including any self-regulatory authority, such as the National Association of Insurance Commissioners); (c) to the extent required by applicable Laws or regulations or by any subpoena or similar legal process; (d) to any other party
hereto; (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder;
(f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this
Agreement; or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrowers and their obligations, (g) with the consent of Parent; (h) on a confidential basis to the
CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers or other market identifiers with respect to the credit facilities provided hereunder; and (i) to the extent such Information
(i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Administrative Agent, any Lender, any L/C Issuer or any of their respective Affiliates on a non-confidential basis from a
source other than Parent that is not itself, to the knowledge of such Person, in breach of a confidentiality obligation to Parent or any Subsidiary in connection with the disclosure of such Information. 

For purposes of this Section, “Information” means all information received from Parent or any Subsidiary relating to Parent or any
Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or any L/C Issuer on a non-confidential basis prior to disclosure by Parent or any Subsidiary. Any Person
required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such
Information as such Person would accord to its own confidential information. 
 Each of the Administrative Agent, the Lenders and the L/C Issuers
acknowledges that (a) the Information may include material non-public information concerning Parent or a Subsidiary, as the case may be; (b) it has developed compliance procedures regarding the use of material non-public information; and
(c) it will handle such material non-public information in accordance with applicable Law, including United States Federal and state securities Laws. In addition, the Administrative Agent and each Lender may disclose the existence of this
Agreement and the information about this Agreement to market data collectors, similar services providers to the lending industry, and service providers to the Administrative Agent and the Lenders in connection with the administration and management
of this Agreement and the other Loan Documents. 
 Section 10.08. Setoff. 

In addition to any rights and remedies of the Lenders provided by Law, upon the occurrence and during the continuance of any Event of Default, each Lender and
its Affiliates (and the Collateral Agent, in respect of any unpaid fees, costs and expenses payable hereunder) is authorized at any time and from time to time, without prior notice to Parent, any such notice being waived by Parent (on its own behalf
and on behalf of each Loan Party and each of its Subsidiaries) to the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general or special, 

  
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time or demand, provisional or final) at any time held by, and other Indebtedness at any time owing by, such Lender and its Affiliates or the Collateral Agent to or for the credit or the account
of the respective Loan Parties and their Subsidiaries against any and all Obligations owing to such Lender and its Affiliates or the Collateral Agent hereunder or under any other Loan Document, now or hereafter existing, irrespective of whether or
not such Agent or such Lender or Affiliate shall have made demand under this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured or denominated in a currency different from that of the applicable deposit
or Indebtedness. Each Lender agrees promptly to notify Parent and the Administrative Agent after any such set off and application made by such Lender; provided, that the failure to give such notice shall not affect the validity of such setoff
and application. The rights of the Administrative Agent, the Collateral Agent and each Lender under this Section 10.08 are in addition to other rights and remedies (including other rights of setoff) that the Administrative Agent, the
Collateral Agent and such Lender may have. 
 Section 10.09. Interest Rate Limitation. 

Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not
exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If any Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to
the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrowers. In determining whether the interest contracted for, charged, or received by an Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent
permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest; (b) exclude voluntary prepayments and the effects thereof; and (c) amortize, prorate, allocate, and
spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 

Section 10.10. Counterparts; Effectiveness. 

This Agreement and each other Loan Document may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. Delivery by telecopier or email pdf of an executed counterpart of a signature page to this Agreement and each other Loan Document shall be effective as delivery of an original executed counterpart of
this Agreement and such other Loan Document. The Agents may also require that any such documents and signatures delivered by telecopier or email pdf be confirmed by a manually signed original thereof; provided, that the failure to request or
deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier or email pdf. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. 

Section 10.11. Integration. 
 This
Agreement, together with the other Loan Documents, comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior 

  
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agreements, written or oral, on such subject matter. In the event of any conflict between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement
shall control; provided, that the inclusion of supplemental rights or remedies in favor of the Agents or the Lenders in any other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint
participation of the respective parties thereto and shall be construed neither against nor in favor of any party, but rather in accordance with the fair meaning thereof. 

Section 10.12. Survival of Representations and Warranties. 

All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection
herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the
Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as
long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 

Section 10.13. Replacement of Lenders. 

If any Lender requests compensation under Section 3.04, if the Borrowers are required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, if any Lender is a Defaulting Lender, if any Lender shall fail to consent to any amendment or waiver requested by the Borrowers in accordance with the last
paragraph of Section 10.01 or if any other circumstance exists hereunder that gives Parent the right to replace a Lender as a party hereto, then Parent may, at its sole expense and effort, upon notice to such Lender and the
Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.06), all of its interests, rights and obligations
under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that: 

(a) the Administrative Agent shall have received the assignment fee specified in Section 10.06(b); 

(b) such Lender shall have received payment of an amount equal to 100% of the outstanding principal of its Loans and L/C Advances and, other
than in the case of a Defaulting Lender, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents, any premium thereon (assuming for this purpose that the Loans of such Lender were being prepaid) from the
assignee and any amounts payable by the Borrowers pursuant to Section 3.01, 3.04 or 3.05 from the Borrowers (it being understood that the Assignment and Assumption relating to such assignment shall provide that any interest
and fees that accrued prior to the effective date of the assignment shall be for the account of the replaced Lender and such amounts that accrue on and after the effective date of the assignment shall be for the account of the replacement Lender);

  
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 (c) in the case of any such assignment resulting from a claim for compensation under
Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; and 

(d) such assignment does not conflict with applicable Laws. 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the
circumstances entitling Parent to require such assignment and delegation cease to apply. Each Lender agrees that, if Parent elects to replace such Lender in accordance with this Section 10.13, it shall promptly execute and deliver to the
Administrative Agent an Assignment and Assumption to evidence the assignment and shall deliver to the Administrative Agent any Note (if Notes have been issued in respect of such Lender’s Loans) subject to such Assignment and Assumption;
provided, that the failure of any such Lender to execute an Assignment and Assumption shall not render such assignment invalid and such assignment shall be recorded in the Register. 

Notwithstanding the foregoing, if Parent elects to replace a Lender in connection with a Repricing Transaction, such Lender shall be entitled to the
Prepayment Premium paid in accordance with Section 2.05(a)(iii). 
 Section 10.14. Severability. 

If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and
enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby; and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.14, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders
shall be limited by Debtor Relief Laws, as determined in good faith by Parent and the Administrative Agent, the applicable L/C Issuer or the Swing Line Lender, as applicable, then such provisions shall be deemed to be in effect only to the extent
not so limited. 
 Section 10.15. GOVERNING LAW. 

THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO
ANY CONFLICTS PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 (a) ANY LEGAL ACTION OR PROCEEDING
ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR
HEREAFTER ARISING, SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN 

  
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NEW YORK COUNTY OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK LOCATED IN THE BOROUGH OF MANHATTAN OR ANY APPELLATE COURT FROM ANY SUCH COURT, AND BY EXECUTION AND DELIVERY OF THIS
AGREEMENT, EACH LOAN PARTY, EACH AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH LOAN PARTY, EACH AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY
OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED
THERETO. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS IN THE MANNER PROVIDED FOR NOTICES (OTHER THAN TELECOPIER) IN SECTION 10.02. NOTHING IN THIS AGREEMENT
OR ANY OTHER LOAN DOCUMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

Section 10.16. WAIVER OF RIGHT TO TRIAL BY JURY. 

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

Section 10.17. Binding Effect. 

This Agreement shall become effective when it shall have been executed by the Loan Parties and the Administrative Agent shall have been notified by each
Lender, the Swing Line Lenders and L/C Issuer that each such Lender, Swing Line Lender and L/C Issuer has executed it and thereafter shall be binding upon and inure to the benefit of the Loan Parties, each Agent and each Lender and their respective
successors and assigns, in each case in accordance with Section 10.06 (if applicable) and except that no Loan Party shall have the right to assign its rights hereunder or any interest herein without the prior written consent of the
Lenders except as permitted by Section 7.03. 

  
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 Section 10.18. No Advisory or Fiduciary Responsibility. 

In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of
any other Loan Document), each of the Borrowers and the other Loan Parties acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (a) (i) the arranging and other services regarding this Agreement provided by
the Administrative Agent, the Arrangers and the Lenders, are arm’s-length commercial transactions between the Borrower, the other Loan Parties their respective Affiliates, on the one hand, and the Administrative Agent, the Arrangers and the
Lenders, on the other hand, (ii) each of Parent and the other Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (iii) each of Parent and each of the other Loan
Parties are capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (b) (i) the Administrative Agent, the Arrangers and the Lenders each
is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Borrowers, the other Loan Parties or any of their
respective Affiliates, or any other Person; and (ii) neither the Administrative Agent, the Arrangers nor the Lenders have any obligation to the Borrower, the other Loan Parties or any of their respective Affiliates with respect to the
transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (c) the Administrative Agent, the Arrangers, the Lenders and their respective Affiliates may be engaged in a broad range
of transactions that involve interests that differ from those of Parent, the other Loan Parties and their respective Affiliates, and neither the Administrative Agent, the Arrangers nor the Lenders have any obligation to disclose any of such
interests to the Borrower, the other Loan Parties or any of their respective Affiliates. To the fullest extent permitted by law, each of the Borrowers and each of the other Loan Parties hereby waive and release any claims that it may have against
the Administrative Agent, the Arrangers and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

Section 10.19. Lender Action. 
 Each
Lender agrees that it shall not take or institute any actions or proceedings, judicial or otherwise, for any right or remedy against any Loan Party or any other obligor under any of the Loan Documents or the Secured Hedge Agreements (including the
exercise of any right of setoff, rights on account of any banker’s lien or similar claim or other rights of self-help), or institute any actions or proceedings, or otherwise commence any remedial procedures, with respect to any Collateral or
any other property of any such Loan Party, without the prior written consent of the Administrative Agent. The provision of this Section 10.19 are for the sole benefit of the Lenders and shall not afford any right to, or constitute a
defense available to, any Loan Party. 
 Section 10.20. USA Patriot Act. 

Each Lender that is subject to the USA Patriot Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Loan Parties
that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record information that identifies the Loan Parties, which information includes the name, address and tax identification number of

  
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each Loan Party and other information regarding each Loan Party that will allow such Lender or the Administrative Agent, as applicable, to identify each Loan Party in accordance with the USA
Patriot Act. This notice is given in accordance with the requirements of the USA Patriot Act and is effective as to the Lenders and the Administrative Agent. Parent shall, promptly following a request by the Administrative Agent or any Lender,
provide all documentation and other information that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations,
including the USA Patriot Act. 
 Section 10.21. Electronic Execution of Assignments and Certain Other Documents. 

The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption or in any amendment or
other modification hereof (including waivers and consents) shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually
executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State
Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

Section 10.22. Joint and Several Liability of the Borrowers. 

(a) Each Borrower agrees that it is jointly and severally liable for the obligations of the other Borrower under the Loan Documents, including
with respect to the payment of principal of and interest on all Loans and the payment of fees and indemnities and reimbursement of costs and expenses. Each Borrower is accepting joint and several liability hereunder in consideration of the financial
accommodations to be provided by the Administrative Agent, the Collateral Agent and the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of each of the Borrowers
to accept joint and several liability for the obligations of each of them. Each Borrower, jointly and severally, hereby irrevocably and unconditionally accepts, as a co-debtor, joint and several liability with the other Borrower, with respect to the
payment and performance of all of the obligations under the Loan Documents, it being the intention of the parties hereto that all such obligations shall be the joint and several obligations of the Borrowers without preferences or distinction between
them. If and to the extent that either Borrower shall fail to make any payment with respect to any of the obligations under the Loan Documents as and when due or to perform any of such obligations in accordance with the terms thereof, then in each
such event the other Borrower will make such payment with respect to, or perform, such obligations. Each Borrower hereby waives notice of acceptance of its joint and several liability, notice of the Loans made under this Agreement, notice of the
occurrence of any Default or Event of Default, or of any demand for any payment under this Agreement, notice of any action at any time taken or omitted by the Administrative Agent, the Collateral Agent or the Lenders under or in respect of any of
the obligations under the Loan Documents, any requirement of diligence or to mitigate damages and, generally, all demands, notices and other formalities of every kind in connection with this Agreement, except for any demands, notices and other
formalities expressly required under the terms of this Agreement. Each Borrower hereby assents to, and waives notice of, any extension or postponement of the time for the payment of any of the obligations under the Loan Documents,

  
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the acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence by the Administrative Agent, the Collateral Agent or the Lenders at any time or times in respect
of any default (including any Default or Event of Default) by the other Borrower in the performance or satisfaction of any term, covenant, condition or provision of this Agreement, any and all other indulgences whatsoever by the Administrative
Agent, the Collateral Agent or the Lenders in respect of any of the obligations hereunder, and the taking, addition, substitution or release, in whole or in part, at any time or times, of any security for any of such obligations or the addition,
substitution or release, in whole or in part, of either Borrower. Without limiting the generality of the foregoing, each Borrower assents to any other action or delay in acting or failure to act on the part of the Administrative Agent, the
Collateral Agent or the Lenders, including any failure strictly or diligently to assert any right or to pursue any remedy or to comply fully with applicable laws or regulations thereunder, which might, but for the provisions of this
Section 10.22, afford grounds for terminating, discharging or relieving such Borrower, in whole or in part, from any of its obligations under this Section 10.22, it being the intention of each Borrower that, so long as any of the
obligations under the Loan Documents remain unsatisfied, the obligations of such Borrower under this Section 10.22 shall not be discharged except by performance and then only to the extent of such performance. The joint and several liability of
the Borrowers hereunder shall continue in full force and effect notwithstanding any absorption, merger, amalgamation or any other change whatsoever in the name, membership, constitution or place of formation of the other Borrower. With respect to
each Borrower’s obligations arising as a result of the joint and several liability of the Borrowers hereunder with respect to Loans or other extensions of credit made to any of the other Borrowers hereunder, such Borrower waives, until the
obligations under the Loan Documents shall have been paid in full in cash (other than contingent indemnification obligations that are not yet due and payable or as to which no claim has been asserted) and this Agreement shall have been terminated,
any right to enforce any right of subrogation or any remedy which the Administrative Agent, the Collateral Agent and/or any Lender now has or may hereafter have against the other Borrower, any endorser or any guarantor of all or any part of the
obligations under the Loan Documents, and any benefit of, and any right to participate in, any security or collateral given to the Administrative Agent and/or any Lender to secure payment of the obligations under the Loan Documents or any other
liability of the Borrowers to the Administrative Agent, the Collateral Agent and/or any Lender. 
 (b) Subject to the immediately preceding
sentence, to the extent that either Borrower shall be required to pay a portion of the obligations under the Loan Documents which shall exceed the amount of Loans other extensions of credit received by such Borrower and all interest, costs, fees and
expenses attributable to such Loans or other extensions of credit, then such Borrower shall be reimbursed by the other Borrower for the amount of such excess. This paragraph is intended only to define the relative rights of Borrowers, and nothing
set forth in this paragraph is intended or shall impair the obligations of each Borrower, jointly and severally, to pay to Administrative Agent, the Collateral Agent and Lenders the obligations under the Loan Documents as and when the same shall
become due and payable in accordance with the terms hereof. Notwithstanding anything to the contrary set forth in this paragraph or any other provisions of this Agreement, it is the intent of the parties hereto that the liability incurred by each
Borrower in respect of the obligations under the Loan Documents of the other Borrower (and any Lien granted by each Borrower to secure such obligations), not constitute a fraudulent conveyance or fraudulent transfer under the provisions of any
applicable law of any state or other governmental unit (“Fraudulent Conveyance”). Consequently, each Borrower, the Administrative 

  
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Agent, the Collateral Agent and each Lender hereby agree that if a court of competent jurisdiction determines that the incurrence of liability by either Borrower in respect of the obligations
under the Loan Documents of the other Borrower (or any Liens granted by such Borrower to secure such obligations) would, but for the application of this sentence, constitute a Fraudulent Conveyance, such liability (and such Liens) shall be valid and
enforceable only to the maximum extent that would not cause the same to constitute a Fraudulent Conveyance, and this Agreement and the other Loan Documents shall automatically be deemed to have been amended accordingly, nunc pro tunc. 

(c) Each Borrower’s obligation to pay and perform the obligations under the Loan Documents shall be absolute, unconditional and
irrevocable, and shall be paid and performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of this Agreement, or any term or
provision therein, as to the other Borrower, (ii) any amendment or waiver of or any consent to departure from this Agreement or any other Loan Document, in respect of the other Borrower, (iii) the application of any Loan proceeds to, or
the extension of any other credit for the benefit of, the other Borrower, any other Loan Party, or any of their Subsidiaries or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for
the provisions of this Section 10.22, constitute a legal or equitable discharge of, or provide a right of setoff against, either Borrower’s obligations hereunder, in each case other than any payment in full of such obligations (other than
contingent indemnification obligations not yet due or owing). Each of the Borrowers further agree that (i) its obligations under this Agreement and the other Loan Documents shall continue to be effective or be reinstated, as the case may be, if
at any time any payment of any such obligations is rescinded or must otherwise be returned by any Person upon the insolvency, bankruptcy or reorganization of, or the application of any Debtor Relief Laws to, the other Borrower, all as though such
payment had not been made and (ii) it hereby unconditionally and irrevocably waives any right to revoke its joint and several liability under the Loan Documents and acknowledges that such liability is continuing in nature and applies to all
obligations of the Borrowers under the Loan Documents, whether existing now or in the future. 
 ARTICLE XI  

Guarantee 

Section 11.01. The Guarantee. 
 Each
Guarantor hereby jointly and severally with the other Guarantors guarantees, as a primary obligor and not as a surety, to each Secured Party and their respective successors and assigns, the prompt payment in full when due (whether at stated
maturity, by required prepayment, declaration, demand, by acceleration or otherwise) of the principal of and interest (including any interest that would accrue but for the provisions of (i) the Title 11 of the United States Code after any
bankruptcy or insolvency petition under Title 11 of the United States Code and (ii) any other Debtor Relief Laws) on the Loans made by the Lenders to, and the Notes held by each Lender of, the Borrowers (other than such Guarantor), and all
other Obligations from time to time owing to the Secured Parties by any Loan Party under any Loan Document or any Secured Hedge Agreement or any Treasury Services Agreement, in each case strictly in accordance with the terms thereof, excluding, with
respect to any Guarantor at any time, Excluded Swap Obligations with 

  
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respect to such Guarantor at such time (such obligations being herein collectively called the “Guaranteed Obligations”). The Guarantors hereby jointly and severally agree that if
the Borrowers shall fail to pay in full when due (whether at stated maturity, by acceleration or otherwise) any of the Guaranteed Obligations, the Guarantors will promptly pay the same in cash, without any demand or notice whatsoever, and that in
the case of any extension of time of payment or renewal of any of the Guaranteed Obligations, the same will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension
or renewal. Notwithstanding anything to the contrary, this Section 11.01 shall not require or result in the application of any amount received from any Loan Party to any Excluded Swap Obligation of such Loan Party. 

Section 11.02. Obligations Unconditional. 

The obligations of the Guarantors under Section 11.01 shall constitute a guaranty of payment and to the fullest extent permitted by applicable
Law, are absolute, irrevocable and unconditional, joint and several, irrespective of the value, genuineness, validity, regularity or enforceability of the Guaranteed Obligations of the Borrowers under this Agreement, the Notes, if any, or any other
agreement or instrument referred to herein or therein, or any substitution, release or exchange of any other guarantee of or security for any of the Guaranteed Obligations, and, irrespective of any other circumstance whatsoever that might otherwise
constitute a legal or equitable discharge or defense of a surety or Guarantor (except for payment in full). Without limiting the generality of the foregoing, it is agreed that the occurrence of any one or more of the following shall not alter or
impair the liability of the Guarantors hereunder which shall remain absolute, irrevocable and unconditional under any and all circumstances as described above: 

(a) at any time or from time to time, without notice to the Guarantors, the time for any performance of or compliance with any of the
Guaranteed Obligations shall be extended, or such performance or compliance shall be waived; 
 (b) any of the acts mentioned in any of the
provisions of this Agreement or the Notes, if any, or any other agreement or instrument referred to herein or therein shall be done or omitted; 

(c) the maturity of any of the Guaranteed Obligations shall be accelerated, or any of the Guaranteed Obligations shall be amended in any
respect, or any right under the Loan Documents or any other agreement or instrument referred to herein or therein shall be amended or waived in any respect or any other guarantee of any of the Guaranteed Obligations or any security therefor shall be
released or exchanged in whole or in part or otherwise dealt with; 
 (d) any Lien or security interest granted to, or in favor of, an L/C
Issuer or any Lender or Agent as security for any of the Guaranteed Obligations shall fail to be perfected; 
 (e) the release of any other
Guarantor pursuant to Section 11.09; or 
 (f) the expiration of any statute of limitations. 

The Guarantors hereby expressly waive diligence, presentment, demand of payment, protest and all notices whatsoever, and any requirement that any Secured
Party exhaust any right, power or 

  
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remedy or proceed against either Borrower under this Agreement or the Notes, if any, or any other agreement or instrument referred to herein or therein, or against any other person under any
other guarantee of, or security for, any of the Guaranteed Obligations. The Guarantors waive any and all notice of the creation, renewal, extension, waiver, termination or accrual of any of the Guaranteed Obligations and notice of or proof of
reliance by any Secured Party upon this Guarantee or acceptance of this Guarantee, and the Guaranteed Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred in reliance upon this Guarantee, and all
dealings between the Borrowers and the Secured Parties shall likewise be conclusively presumed to have been had or consummated in reliance upon this Guarantee. This Guarantee shall be construed as a continuing, absolute, irrevocable and
unconditional guarantee of payment without regard to any right of offset with respect to the Guaranteed Obligations at any time or from time to time held by Secured Parties, and the obligations and liabilities of the Guarantors hereunder shall not
be conditioned or contingent upon the pursuit by the Secured Parties or any other person at any time of any right or remedy against either Borrower or against any other person which may be or become liable in respect of all or any part of the
Guaranteed Obligations or against any collateral security or guarantee therefor or right of offset with respect thereto. This Guarantee shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon the
Guarantors and the successors and assigns thereof, and shall inure to the benefit of the Lenders, and their respective successors and assigns, notwithstanding that from time to time during the term of this Agreement there may be no Guaranteed
Obligations outstanding. 
 Section 11.03. Reinstatement. 

The obligations of the Guarantors under this Article XI shall be automatically reinstated if and to the extent that for any reason any payment by or on
behalf of the Borrowers or other Loan Party in respect of the Guaranteed Obligations is rescinded or must be otherwise restored by any holder of any of the Guaranteed Obligations, whether as a result of any proceedings in bankruptcy or
reorganization or otherwise. 
 Section 11.04. Subrogation; Subordination. 

Each Guarantor hereby agrees that until the payment and satisfaction in full in cash of all Guaranteed Obligations and the expiration and termination of the
Commitments of the Lenders under this Agreement it shall waive any claim and shall not exercise any right or remedy, direct or indirect, arising by reason of any performance by it of its guarantee in Section 11.01, whether by subrogation
or otherwise, against either Borrower or any other Guarantor of any of the Guaranteed Obligations or any security for any of the Guaranteed Obligations. 

Section 11.05. Remedies. 
 The
Guarantors jointly and severally agree that, as between the Guarantors and the Lenders, the obligations of the Borrowers under this Agreement and the Notes, if any, may be declared to be forthwith due and payable as provided in
Section 8.02 (and shall be deemed to have become automatically due and payable in the circumstances provided in Section 8.02) for purposes of Section 11.01, notwithstanding any stay, injunction or other
prohibition preventing such declaration (or such obligations from becoming automatically due and payable) as against the Borrowers and 

  
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that, in the event of such declaration (or such obligations being deemed to have become automatically due and payable), such obligations (whether or not due and payable by the Borrower) shall
forthwith become due and payable by the Guarantors for purposes of Section 11.01. 
 Section 11.06. Instrument for the
Payment of Money. 
 Each Guarantor hereby acknowledges that the guarantee in this Article XI constitutes an instrument for the payment of money,
and consents and agrees that any Lender or Agent, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring a motion-action under New York CPLR Section 3213. 

Section 11.07. Continuing Guarantee. 

The guarantee in this Article XI is a continuing guarantee of payment, and shall apply to all Guaranteed Obligations whenever arising. 

Section 11.08. General Limitation on Guarantee Obligations. 

In any action or proceeding involving any state corporate limited partnership or limited liability company law, or any applicable state, federal or foreign
bankruptcy, insolvency, reorganization or other Law affecting the rights of creditors generally, if the obligations of any Guarantor under Section 11.01 would otherwise be held or determined to be void, voidable, invalid or
unenforceable, or subordinated to the claims of any other creditors, on account of the amount of its liability under Section 11.01, then, notwithstanding any other provision to the contrary, the amount of such liability shall, without
any further action by such Guarantor, any Loan Party or any other person, be automatically limited and reduced to the highest amount (after giving effect to the right of contribution established in Section 11.10) that is valid and
enforceable and not subordinated to the claims of other creditors as determined in such action or proceeding. 
 Section 11.09.
Release of Guarantors. 
 If, in compliance with the terms and provisions of the Loan Documents, any portion of the Equity Interests or all or
substantially all property of any Guarantor is sold or otherwise transferred to a person or persons, none of which is a Loan Party, or if any Guarantor shall be designated an Unrestricted Subsidiary or otherwise not be required to remain a Guarantor
hereunder, then such Guarantor shall, upon the consummation of such sale or transfer, designation or other circumstance, be automatically released from its obligations under this Agreement (including under Section 10.04 hereof) and its
obligations to pledge and grant any Collateral owned by it (and all security interests actually granted in such Collateral) pursuant to any Collateral Document and, in the case of a sale of all or substantially all of the Equity Interests of such
Guarantor, the pledge of such Equity Interests to the Collateral Agent pursuant to the Collateral Documents shall be automatically released, and, so long as Parent shall have provided the Agents such certifications or documents as any Agent shall
reasonably request, the Collateral Agent shall take such actions as are necessary to effect each release described in this sentence. 

  
 169 

 Section 11.10. Right of Contribution. 

Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share of any payment made hereunder, such
Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder which has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and
conditions of Section 11.04. The provisions of this Section 11.10 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent, the L/C Issuers, the Swing Line Lenders and the
Lenders, and each Guarantor shall remain liable to the Administrative Agent, the L/C Issuers, the Swing Line Lenders and the Lenders for the full amount guaranteed by such Guarantor hereunder. 

Section 11.11. Subject to Intercreditor Agreement. 

Notwithstanding anything herein to the contrary, (i) the liens and security interests granted to the Administrative Agent pursuant to the Collateral
Documents are expressly subject to the Intercreditor Agreement (if in effect), the Second Lien Intercreditor Agreement (if in effect) and any other intercreditor agreement entered into pursuant hereto and (ii) the exercise of any right or
remedy by the Administrative Agent hereunder or under the Intercreditor Agreement (if in effect), the Second Lien Intercreditor Agreement (if in effect) and any other intercreditor agreement entered into pursuant hereto is subject to the limitations
and provisions of the Intercreditor Agreement (if in effect), the Second Lien Intercreditor Agreement (if in effect) and such other intercreditor agreement entered into pursuant hereto. In the event of any conflict between the terms of the
Intercreditor Agreement (if in effect), the Second Lien Intercreditor Agreement (if in effect) or any other such intercreditor and terms of this Agreement, the terms of the Intercreditor Agreement (if in effect), the Second Lien Intercreditor
Agreement (if in effect) or such other intercreditor agreement, as applicable, shall govern. 
 Section 11.12. Keepwell. 

Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may
be needed from time to time by each other Guarantor to honor all of its obligations under this Guaranty in respect of Swap Obligations (provided, however, that each Qualified ECP Guarantor shall only be liable under this
Section 11.12 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 11.12, or otherwise under this Guaranty, voidable under applicable law relating to
fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor under this Section 11.12 shall remain in full force and effect until the release of this Guaranty under
Section 9.09(b)(ii). Each Qualified ECP Guarantor intends that this Section 11.12 constitute, and this Section 11.12 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of
each other Guarantor for all purposes of Section 1 a(18)(A)(v)(II) of the Commodity Exchange Act. 
 Section 11.13. Appointment
of Parent as Representative of the Borrowers. 
 Each Borrower hereby designates Parent to act as its representative hereunder. Parent will be
acting as agent on each of the Borrowers behalf for the purposes of issuing notices of Borrowing 

  
 170 

 
and notices of conversion/continuation of any Term Loans pursuant to Section 2.02 or similar notices, giving instructions with respect to the disbursement of the proceeds of the Term
Loans, selecting interest rate options, giving and receiving all other notices and consents hereunder or under any of the other Loan Documents and taking all other actions (including in respect of compliance with covenants) on behalf of any Borrower
or the Borrowers under the Loan Documents. Parent hereby accepts such appointment. Each Borrower agrees that each notice, election, representation and warranty, covenant, agreement and undertaking made on its behalf by Parent shall be
deemed for all purposes to have been made by such Borrower and shall be binding upon and enforceable against such Borrower to the same extent as if the same had been made directly by such Borrower. 

  
 171 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first
above written. 
  

					
	CBS OUTDOOR AMERICAS CAPITAL LLC, as a Borrower
		
	By:	 	 /s/ Donald R. Shassian

		 	Name:	 	Donald R. Shassian
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	CBS OUTDOOR AMERICAS CAPITAL CORPORATION, as a Borrower
		
	By:	 	 /s/ Donald R. Shassian

		 	Name:	 	Donald R. Shassian
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	CBS OUTDOOR AMERICAS INC., as Parent and a Guarantor
		
	By:	 	 /s/ Joseph R. Ianniello

		 	Name:	 	Joseph R. Ianniello
		 	Title:	 	President, Treasurer, and Secretary
	
	CBS OUTDOOR GROUP LLC, as a Guarantor
		
	By:	 	 /s/ Donald R. Shassian

		 	Name:	 	Donald R. Shassian
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	OUTDOOR INC., as a Guarantor
		
	By:	 	 /s/ Donald R. Shassian

		 	Name:	 	Donald R. Shassian
		 	Title:	 	Executive Vice President and Chief Financial Officer

 [CREDIT AGREEMENT] 

 
					
	CBS OUTDOOR LLC, as a Guarantor
		
	By:	 	 /s/ Donald R. Shassian

		 	Name:	 	Donald R. Shassian
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	CBS OUTDOOR LA INC., as a Guarantor
		
	By:	 	 /s/ Raymond Nowak

		 	Name:	 	Raymond Nowak
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	CBS OUTERNET INC., as a Guarantor
		
	By:	 	 /s/ Raymond Nowak

		 	Name:	 	Raymond Nowak
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	CBS COLLEGIATE SPORTS PROPERTIES INC., as a Guarantor
		
	By:	 	 /s/ Raymond Nowak

		 	Name:	 	Raymond Nowak
		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 [CREDIT
AGREEMENT] 

 
					
	CITIBANK, N.A., as the Administrative Agent, a Lender, the Swingline Lender and an L/C Issuer
		
	By:	 	 /s/ Monique Renta

		 	Name:	 	Monique Renta
		 	Title:	 	Vice President

  
 [CREDIT
AGREEMENT] 

 
					
	Wells Fargo Bank, N.A., as a Lender and an L/C Issuer
		
	By:	 	 /s/ Jessica Belanger

		 	Name:	 	Jessica Belanger
		 	Title:	 	Vice President

  
 [CREDIT
AGREEMENT] 

 
					
	Bank of America, N.A., as a Lender and an L/C Issuer
		
	By:	 	 /s/ Jay D. Marquis

		 	Name:	 	Jay D. Marquis
		 	Title:	 	Director

  
 [CREDIT
AGREEMENT] 

 
					
	Sumitomo Mitsui Banking Corporation, as a Lender
		
	By:	 	 /s/ David W. Kee

		 	Name:	 	David W. Kee
		 	Title:	 	Managing Director

  
 [CREDIT
AGREEMENT] 

 
					
	The Bank of Tokyo-Mitsubishi UFJ, Ltd., as a Lender
		
	By:	 	 /s/ Ola Anderssen

		 	Name:	 	Ola Anderssen
		 	Title:	 	Director

  
 [CREDIT
AGREEMENT] 

 
					
	Morgan Stanley Bank, N.A. as a Lender and an L/C Issuer
		
	By:	 	 /s/ Nehal Abdel Hakim

		 	Name:	 	Nehal Abdel Hakim
		 	Title:	 	Authorized Signatory

  
 [CREDIT
AGREEMENT] 

 
					
	Mizuho Bank, Ltd., as a Lender
		
	By:	 	 /s/ Bertram H. Tang

		 	Name:	 	Bertram H. Tang
		 	Title:	 	Authorized Signatory

  
 [CREDIT
AGREEMENT] 

 
					
	BNP Paribas, as a Lender
		
	By:	 	 /s/ Nicolas Rabier

		 	Name:	 	Nicolas Rabier
		 	Title:	 	Managing Director
		
	By:	 	 /s/ Brendan Heneghan

		 	Name:	 	Brendan Heneghan
		 	Title:	 	Vice President

  
 [CREDIT
AGREEMENT] 

 
					
	U.S. Bank National Association, as a Lender
		
	By:	 	 /s/ Colleen Mcevoy

		 	Name:	 	 Colleen Mcevoy

		 	Title:	 	Senior Vice President

  
 [CREDIT
AGREEMENT] 

 
					
	Goldman Sachs Bank USA, as a Lender and an L/C Issuer
		
	By:	 	 /s/ Robert Ehudin

		 	Name:	 	Robert Ehudin
		 	Title:	 	Authorized Signatory

  
 [CREDIT
AGREEMENT] 

 
					
	JPMorgan Chase Bank, N.A., as a Lender and an L/C Issuer
		
	By:	 	 /s/ Peter B. Thauer

		 	Name:	 	Peter B. Thauer
		 	Title:	 	Managing Director

  
 [CREDIT
AGREEMENT] 

 
					
	Credit Suisse AG, Cayman Islands Branch, as a Lender
		
	By:	 	 /s/ Mikhail Faybusovich

		 	Name:	 	Mikhail Faybusovich
		 	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Jean-Marc Vauclair

		 	Name:	 	Jean-Marc Vauclair
		 	Title:	 	Authorized Signatory

  
 [CREDIT
AGREEMENT] 

 
					
	Deutsche Bank AG, New York Branch, as a Lender and an L/C Issuer
		
	By:	 	 /s/ Anca Trifan

		 	Name:	 	Anca Trifan
		 	Title:	 	Managing Director
		
	By:	 	 /s/ Michael Getz

		 	Name:	 	Michael Getz
		 	Title:	 	Vice President

  
 [CREDIT
AGREEMENT] 

 SCHEDULE 1.01A 

COMMITMENTS 
  

									
	 Lender
	  	Term Commitment	 	  	Revolving Credit
Commitments	 
	 Citibank, N.A.
	  	$	800,000,000	  	  	$	45,000,000	  
	 Wells Fargo Bank, N.A.
	  				  	$	45,000,000	  
	 Deutsche Bank AG New York Branch
	  				  	$	45,000,000	  
	 Bank of America, N.A.
	  				  	$	45,000,000	  
	 Goldman Sachs Bank USA
	  				  	$	45,000,000	  
	 JPMorgan Chase Bank, N.A.
	  				  	$	45,000,000	  
	 Morgan Stanley Bank, N.A.
	  				  	$	22,500,000	  
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  				  	$	22,500,000	  
	 BNP Paribas
	  				  	$	22,000,000	  
	 Credit Suisse, Cayman Islands Branch
	  				  	$	22,000,000	  
	 Mizuho Bank (USA)
	  				  	$	22,000,000	  
	 Sumitomo Mitsui Banking Corporation
	  				  	$	22,000,000	  
	 US Bank National Association
	  				  	$	22,000,000	  
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	800,000,000	  	  	$	425,000,000	  
		  	  
	  
	 	  	  
	  
	 

 SCHEDULE 1.01B 

L/C COMMITMENTS 
  

					
	 L/C Issuer
	  	L/C Commitments	 
	 Citibank, N.A.
	  	$	40,000,000	  
	 Wells Fargo Bank, N.A.
	  	$	40,000,000	  
	 Deutsche Bank AG New York Branch
	  	$	40,000,000	  
	 Bank of America, N.A.
	  	$	40,000,000	  
	 Goldman Sachs Bank USA
	  	$	40,000,000	  
	 JPMorgan Chase Bank, N.A.
	  	$	40,000,000	  
	 Morgan Stanley Bank, N.A.
	  	$	40,000,000	  

 Schedule 1.01E 

Existing Investments 
 Ownership
of less than a majority of the equity of: 
 CBS Decaux Street Furniture, LLC 

CBS Outdoor JCDecaux Street Furniture Canada L.P. 
 CBS Outdoor
JCDecaux Street Furniture Canada Ltd. 
 Ownership of the Equity Interests of the following Non-Guarantor Subsidiaries by Loan Parties: 

Advertising Systems Holdco CV (and, indirectly, its subsidiaries) 

Anastasia Advertising Art, Inc. 
 Atlantic Prospect, Inc. 

Bustop Shelters of Nevada, Inc. 
 Design-Graphics, Inc. 

New York Subways Advertising Co., Inc. 
 Outdoor Management
Network, Inc. 
 Outdoor Systems Americas 2 (Delaware), LLC 

Outdoor Systems Electrical Corp. 
 Raven Media LLC 

Salm Enterprises, Inc. 
 SDI Raven LLC 

TDI Northwest, Inc. 
 Transportation Displays Inc. 

Wilson-Curtis, Inc. 

 Schedule 5.08 

Exceptions to Ownership of Property 

None. 

  
 -2- 

 Schedule 5.09(b) 

Environmental Matters 

None. 

  
 -3- 

 Schedule 5.12 

Subsidiaries 
 3261823 Nova Scotia
Company 
 559733 British Columbia Ltd. 
 Advertising Systems
HoldCo CV 
 Atlantic Prospect, Inc. 
 Anastasia Advertising
Art, Inc. 
 Bustop Shelters of Nevada, Inc. 
 CBS Canada GP Co.

 CBS Outdoor Chile S.A. 
 CBS Collegiate Sports Properties
Inc. 
 CBS Midia Exterior Limitada 
 CBS Netherlands PP BV 

CBS Outdoor Advertising Uruguay S.A. 
 CBS Outdoor Americas
Capital Corporation 
 CBS Outdoor Americas Capital LLC 
 CBS
Outdoor Argentina 
 CBS Outdoor Brasil Limitada 
 CBS Outdoor
Canada LP 
 CBS Outdoor Group LLC 
 CBS Outdoor L.A. Inc. 

CBS Outdoor LLC 
 CBS Outdoor Puerto Rico Inc. 

CBS Outernet Inc. 
 Design-Graphics, Inc. 

Eppar – Empresa de Paineis e Participacoes Limitada 

Fusionate Vendor S. de R. L. de C.V. 
 International Outdoor
Advertising Holdings Company 
 IOAHC Investments Company 

IOAHC Investments Uruguay Company 
 IOA Prolix Company 

New York Subways Advertising Co., Inc. 
 Outdoor Inc. 

Outdoor Management Network, Inc. 
 Outdoor Systems Americas HoldCo
Sub Cooperatief U.A. 
 Outdoor Systems Americas Netherlands NewCo B.V. 

Outdoor Systems Americas 1 (Delaware), LLC 
 Outdoor Systems
Americas 2 (Delaware), LLC 
 Outdoor Systems Americas 3 (Delaware), LLC 

Outdoor Systems Electrical Corp. 
 Outdoor Systems Americas ULC

 Publibus S.A. 
 Raven Media LLC 

Salm Enterprises, Inc. 
 SDI Raven LLC 

Servicos Administrativos America S. de R. L. de C.V. 
 Techmidia
Publicidade Exterior S.A. 

  
 -4- 

 TDI Northwest, Inc. 

Transportation Displays Inc. 
 Vendor Publicidad Exterior S. de
R.L. de C.V. 
 Wilson-Curtis, Inc. 
 For the avoidance of
doubt, the inclusion of any Subsidiary on this Schedule 5.12 does not constitute a representation or admission that such Subsidiary is material in any fashion. 

  
 -5- 

 SCHEDULE 6.13(A) 

CERTAIN COLLATERAL DOCUMENTS 

 

	1.	A Mortgage for each of the following parcels of Real Property (each a “Mortgaged Property”): 

  

	 	a.	1695 Eastshore Highway, Berkeley, CA 

  

	 	b.	1731 Workman Street, Los Angeles, CA 

  

	 	c.	185 U.S. Highway 46, Fairfield, NJ 

  

	 	d.	4811 Merwin Street, Houston, TX 

  

	 	e.	1300 Bellaire, Madison Heights, MI 

  

	2.	For each Mortgaged Property, solely to the extent reasonably required by the Collateral Agent: (a) a Survey, (b) a Title Policy, (c) a local counsel opinion and in form and substance reasonably
satisfactory to the Collateral Agent and (d) a completed “Life-of-Loan” Federal Emergency Management Agency standard flood hazard determination, together with a notice executed by such Loan Party about special flood hazard area
status, if applicable. 

  

	3.	To the extent required by Section 6.07 of the Credit Agreement, (1) proof of insurance policies (including flood insurance, if applicable) and (2) evidence that all such insurance policies name the
Collateral Agent as additional insured (solely in the case of liability insurance) or loss payee (solely in the case of property insurance), as applicable. 

  
 -6- 

 Schedule 7.01(b) 

Existing Liens 
 1. The following
lien identified on the DE UCC-1 financing statement bearing the initial filing no. 60426163, as amended and/or continued from time to time: 
  

							
	 Debtor
	  	 Secured Party
	  	 Collateral
	  	 Details

	CBS Outernet, Inc.	  	Dell Financial Services L.L.C.	  	Computer equipment and peripherals	  	All computer equipment and peripherals (collectively Equipment) wherever located heretofore or hereafter leased to Lessee by Lessor pursuant to that certain Master Lease Agreement #3976495, dated MARCH 02, 2005, and all
Schedules thereto including, without limitation, all substitutions, additions, accessions and replacements thereto and thereof, now or hereafter installed in, affixed to, or used in, conjunction with the equipment and the proceeds thereof together
with all rental or installment payments, insurance proceeds, other proceeds and payments due and to become due and arising from or relating to said Equipment.

 2. Any liens that may be deemed to have arisen pursuant to the Uniform Commercial Code as a result of the assignment of up to
$12 million of receivables by CBS Outdoor Americas Capital LLC, Outdoor Inc., CBS Outdoor LLC and CBS Outdoor Group LLC to CBS Radio Media Corporation on January 14, 2014. 

3. The following judgment liens: 
  

									
	 File No.
	  	 File Date
	  	 Debtor
	  	 Secured Party
	  	 Lien Summary

	002370406-02	  	01/14/2008	  	CBS Outdoor Group Inc., DEFENDANT	  	Fidelity Home Mortgage Corporation, PLAINTIFF	  	Amount - $385.00
	003154167-01	  	10/02/2013	  	CBS Outdoor Group Inc., DEFENDANT	  	Commissioner of Labor State of New York, PLAINTIFF	  	Amount - $45895.61
	003155925-01	  	10/08/2013	  	CBS Outdoor Group Inc., DEFENDANT	  	Commissioner of Labor State of New York, PLAINTIFF	  	Amount - $1496.72
	002370406-01	  	01/14/2008	  	CBS Outdoor Inc., DEFENDANT	  	Fidelity Home Mortgage Corporation, PLAINTIFF	  	Amount - $385.00
	003145574-01	  	09/06/2013	  	CBS Outdoor Inc., DEFENDANT	  	Commissioner of Labor State of New York, PLAINTIFF	  	Amount - $1735.22

  

									
	003155910-01	  	09/06/2013	  	CBS Outdoor Inc., DEFENDANT	  	Commissioner of Labor State of New York, PLAINTIFF	  	Amount - $824.03
	002689568-01	  	04/28/2010	  	CBS Outernet Inc., DEFENDANT	  	Worker’s Compensation Board of NY State, PLAINTIFF	  	Amount - $7000.00

  

 Schedule 7.02(b) 

Existing Indebtedness 
 1. The
following Indebtedness: 
  

							
	 Indebtedness
	  	Principal Amount	 	  	 Borrower

	 Capital Leases
	  	$	357,000	  	  	CBS Corporation (to be assigned to CBS Outdoor Americas Inc. and its subsidiaries)

 2. Any Indebtedness that may be deemed to have arisen pursuant to the Uniform Commercial Code as a result of the assignment of
up to $12 million of receivables by CBS Outdoor Americas Capital LLC, Outdoor Inc., CBS Outdoor LLC and CBS Outdoor Group LLC to CBS Radio Media Corporation on January 14, 2014. 

3. To the extent constituting Indebtedness, reimbursement obligations of CBS Outdoor Americas Inc. and/or its subsidiaries owed to CBS Corporation in
connection with (i) surety bonds obtained by CBS Corporation on behalf of CBS Outdoor Americas Inc. and/or its subsidiaries in an aggregate face amount of $13,492,651.28 and (ii) letters of credit obtained by CBS Corporation on behalf of
CBS Outdoor Americas Inc. and/or its subsidiaries in an aggregate face amount of CDN$1,316,000.00. 

  

 Schedule 7.07 

Existing Transactions with Affiliates 

All transactions described in any of the following agreements, all other transactions set forth below and any other transactions relating to
the separation of CBS Outdoor Americas Inc. and its subsidiaries from CBS Corporation described in the Amendment No. 3 to Form S-11 filed by CBS Outdoor Americas Inc. on December 20, 2013. 

 

	 	1.	Agreement and Plan of Reorganization, dated as of January 15, 2014, among CBS Corporation, CBS Radio Media Corporation and CBS Outdoor Americas Inc. 

 

	 	2.	Master Separation Agreement to be entered into between CBS Corporation and/or certain of its subsidiaries and CBS Outdoor Americas Inc. and/or certain of its subsidiaries. 

 

	 	3.	Transition Services Agreement to be entered into between CBS Corporation and/or certain of its subsidiaries and CBS Outdoor Americas Inc. and/or certain of its subsidiaries. 

 

	 	4.	Tax Matters Agreement to be entered into between CBS Corporation and/or certain of its subsidiaries and CBS Outdoor Americas Inc. and/or certain of its subsidiaries. 

 

	 	5.	License Agreements to be entered into between CBS Corporation and/or certain of its subsidiaries and CBS Outdoor Americas Inc. and/or certain of its subsidiaries with respect to various intellectual property (including,
without limitation, certain patents and trademarks) 

  

	 	6.	Registration Rights Agreement to be entered into between CBS Corporation and/or certain of its subsidiaries and CBS Outdoor Americas Inc. and/or certain of its subsidiaries 

 

	 	7.	Certain existing insurance obtained by CBS Corporation covers both CBS Outdoor Americas Inc. and its subsidiaries and CBS Corporation and its subsidiaries. 

 

	 	8.	Certain Employee Benefit Plans established by CBS Corporation cover employees of both CBS Outdoor Americas Inc. and its subsidiaries and CBS Corporation and its subsidiaries. 

 

	 	9.	Advertising placed by CBS Corporation and its subsidiaries. 

  

	 	10.	Advertising placed by various subsidiaries of Viacom Inc. 

  

	 	11.	Reimbursement obligations of CBS Outdoor Americas Inc. and/or its subsidiaries described in item 3 on Schedule 7.02(b). 

  

 Schedule 7.08 

Burdensome Agreements 

All transactions described in any of the following agreements, all other transactions set forth below and any other transactions relating to
the separation of CBS Outdoor Americas Inc. and its subsidiaries from CBS Corporation described in the Amendment No. 3 to Form S-11 filed by CBS Outdoor Americas Inc. on December 20, 2013. 

 

	 	1.	Master Separation Agreement to be entered into between CBS Corporation and/or certain of its subsidiaries and CBS Outdoor Americas Inc. and/or certain of its subsidiaries. 

 

	 	2.	Transition Services Agreement to be entered into between CBS Corporation and/or certain of its subsidiaries and CBS Outdoor Americas Inc. and/or certain of its subsidiaries. 

 

	 	3.	Tax Matters Agreement to be entered into between CBS Corporation and/or certain of its subsidiaries and CBS Outdoor Americas Inc. and/or certain of its subsidiaries. 

 

	 	4.	License Agreements to be entered into between CBS Corporation and/or certain of its subsidiaries and CBS Outdoor Americas Inc. and/or certain of its subsidiaries with respect to various intellectual property (including,
without limitation, certain patents and trademarks) 

  

	 	5.	Registration Rights Agreement to be entered into between CBS Corporation and/or certain of its subsidiaries and CBS Outdoor Americas Inc. and/or certain of its subsidiaries 

 SCHEDULE 10.02 

ADMINISTRATIVE AGENT’S OFFICE, CERTAIN
ADDRESSES FOR NOTICES 
  

			
	Notices to Parent:
		
	Address:	  	CBS Outdoor Americas Inc.
		  	405 Lexington Avenue
		  	New York, NY 10174
	Attention:	  	General Counsel; Chief Financial Officer
	Tel:	  	(212) 297-6400
	Fax:	  	(212) 297-6552
	Email:	  	richard.sauer@cbsoutdoor.com; don.shassian@cbsoutdoor.com
	Website:	  	www.sec.gov; www.cbsoutdoor.com
	
	With a copy to:
		
	Address:	  	Wachtell, Lipton, Rosen & Katz
		  	51 West 52nd Street
		  	New York, NY 10019
	Attention:	  	Joshua A. Feltman, Esq.
	Tel:	  	(212) 403-1109
	Fax:	  	(212) 403-2109
	Email:	  	jafeltman@wlrk.com
	
	Notices to Administrative Agent:
		
	Address:	  	Citibank, N.A.
		  	1615 Brett Road, Building III
		  	New Castle, DE 19720
	Attention:	  	Loan Administration
	Tel:	  	302.894.6010
	Fax:	  	212.994.0847
	Email:	  	global.loans.support@citi.com
	
	With a copy to:
		
	Address:	  	Weil Gotshal & Manges LLP
		  	767 Fifth Avenue
		  	New York, NY 10153
	Attention:	  	Daniel S. Dokos, Esq.
	Tel:	  	212.310.8576
	Fax:	  	212.310.8007
	Email:	  	daniel.dokos@weil.com

 EXHIBIT A 

[FORM OF] 
 COMMITTED LOAN NOTICE

  

			
	To:	  	Citibank, N.A., as Administrative Agent

 [Date] 
 Ladies
and Gentlemen: 
 Reference is made to the Credit Agreement, dated as of January 31, 2014 (as amended, restated, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among CBS Outdoor Americas Capital LLC and CBS Outdoor Americas Capital Corporation, as Borrowers, CBS Outdoor Americas Inc., as a Guarantor, the other
Guarantors party thereto from time to time, the lenders and other parties thereto from time to time and Citibank, N.A., as Administrative Agent. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such
terms in the Credit Agreement. 
 Parent on behalf of Borrowers hereby requests (select one): 

 

							
		 		 	A Borrowing of new Loans	 	  

				
		 		 	A conversion of Loans made on	 	  

				
		 		 	A continuation of Loans made on	 	  

	
	to be made on the terms set forth below:
				
		 	(A)	 	Class of Borrowing1	 	  

				
		 	(B)	 	Date of Borrowing, conversion or continuation (which is a Business Day)	 	  

				
		 	(C)	 	Principal amount2	 	  

				
		 	(D)	 	Borrower(s)	 	  

				
		 	(G)	 	Type of Loan3	 	  

  

	1 	Term or Revolving Credit. 

	2 	Eurodollar Rate borrowing minimum of $5 million, and borrowings also allowed in whole multiples of $1 million in excess thereof. Base Rate borrowing minimum of $1 million and borrowings also allowed in whole
multiples of $500,000 in excess thereof. 

	3 	Specify Eurodollar Rate or Base Rate. 

  
 A-1 

							
		 	(H)	 	Interest Period and the last day thereof4	 	  

				
		 	(I)	 	Location and number of applicable Borrower’s account to which proceeds of Borrowings are to be disbursed:	 	  

 [Parent hereby represents and warrants to the Administrative Agent and the Lenders that, on and as of the date
of the Borrowing contemplated by this Committed Loan Notice, the conditions to lending specified in Section 4.02(a) and (b) of the Credit Agreement shall have been
satisfied.]5 
  

					
	CBS OUTDOOR AMERICAS INC.
		
	By:	 	
		 	Name:	 	
		 	Title:	 	

  

	4 	Applicable for Eurodollar Rate Borrowings/Loans only. 

	5 	Insert bracketed language if Parent is requesting a Borrowing of new Revolving Credit Loans after the Closing Date. 

  
 A-2 

 EXHIBIT B 

[FORM OF] 
 SWING LINE LOAN NOTICE

  

					
	To:	  	Citibank, N.A, as Swing Line Lender and Administrative Agent

 [Date] 
 Ladies
and Gentlemen: 
 Reference is made to the Credit Agreement, dated as of January 31, 2014 (as amended, restated, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among CBS Outdoor Americas LLC and CBS Outdoor Americas Capital Corporation, as Borrowers, CBS Outdoor Americas Inc., as a Guarantor, the other
Guarantors party thereto from time to time, the lenders and other parties thereto from time to time and Citibank, N.A., as Administrative Agent. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such
terms in the Credit Agreement. Parent on behalf of the Borrowers hereby gives you notice pursuant to Section 2.04(b) of the Credit Agreement that it requests a Swing Line Borrowing under the Credit Agreement, and in that connection sets
forth below the terms on which such Swing Line Borrowing is requested to be made: 
  

					
	(A)	  	Principal amount1	  	  

			
	(B)	  	Date of Borrowing (which is a Business Day)	  	  

 Parent on behalf of the Borrowers hereby represents and warrants to the Administrative Agent and the Swing
Line Lender that, on and as of the date of the Swing Line Borrowing contemplated by this Swing Line Loan Notice, the conditions to lending specified in Section 4.02(a) and (b) of the Credit Agreement have been satisfied. 

 

					
	CBS OUTDOOR AMERICAS INC.
		
	By:	 	
		 	Name:	 	
		 	Title:	 	

  

	1 	Shall be a minimum of $100,000. 

  
 B-1 

 EXHIBIT C-1 

LENDER: [—] 

PRINCIPAL AMOUNT: $[—] 

[FORM OF] TERM NOTE 
 New York, New
York 
 [Date] 
 FOR VALUE
RECEIVED, the undersigned, CBS Outdoor Americas Capital LLC, a Delaware limited liability company, and CBS Outdoor Americas Capital Corporation, a Delaware corporation (individually, a “Borrower”, together, the
“Borrowers”), each hereby promises to pay, on a joint and several basis, to the Lender set forth above (the “Lender”) or its registered assigns, in accordance with the provisions of the Credit Agreement (as defined
below), in lawful money of the United States of America in immediately available funds to the Administrative Agent for the benefit of the Lender at the Administrative Agent’s Office (such term, and each other capitalized term used but not
otherwise defined herein, having the meaning assigned to it in the Credit Agreement, dated as of January 31, 2014 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among the Borrowers, the Guarantors party thereto from time to time, the lenders and other parties thereto from time to time and Citibank, N.A., as Administrative Agent) (i) on the dates set forth in the Credit Agreement,
the principal installment amounts set forth in the Credit Agreement with respect to Term Loans made by the Lender to the Borrowers pursuant to the Credit Agreement and (ii) on each Interest Payment Date, interest at the rate or rates per annum
as provided in the Credit Agreement on the unpaid principal amount of all Term Loans made by the Lender to the Borrowers pursuant to the Credit Agreement. 

Each Borrower promises to pay, on a joint and several basis, interest, on demand, on any overdue principal and, to the extent permitted by
law, overdue interest from their due dates at the rate or rates provided in (and to the extent required by) the Credit Agreement. 
 The
Borrowers hereby waive diligence, presentment, demand, protest and notice of any kind whatsoever. The nonexercise by the holder hereof of any of its rights hereunder in any particular instance shall not constitute a waiver thereof in that or any
subsequent instance. 
 All borrowings evidenced by this note and all payments and prepayments of the principal hereof and interest hereon
and the respective dates thereof shall be endorsed by the holder hereof on the schedule attached hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof, or otherwise recorded by such holder
in its internal records; provided, however, that the failure of the holder hereof to make such a notation or any error in such notation shall not affect the obligations of the Borrowers under this note. 

This note is one of the Term Notes referred to in the Credit Agreement that, among other things, contains provisions for the acceleration of
the maturity hereof upon the happening of certain events, for optional and mandatory prepayment of the principal hereof prior to the maturity hereof and for the amendment or waiver of certain provisions of the Credit Agreement, all upon the terms
and conditions therein specified. 

  
 C-1-1 

 THIS NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS OF THE CREDIT AGREEMENT.

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY
CONFLICTS OF LAWS PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 [THE REMAINDER OF THIS PAGE IS
INTENTIONALLY LEFT BLANK] 

  
 C-1-2 

 
					
	CBS OUTDOOR AMERICAS CAPITAL LLC
		
	By:	 	
		 	Name:	 	
		 	Title:	 	
	
	CBS OUTDOOR AMERICAS CAPITAL CORPORATION
		
	By:	 	
		 	Name:	 	
		 	Title:	 	

  
 C-1-3 

 LOANS AND PAYMENTS 
  

											
	 Date
	  	Amount of Loan	  	Maturity
Date	  	Payments of
Principal/Interest	  	Principal
 Balance of 
Note	  	Name of
Person
Making the
Notation
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	

  
 C-1-4 

 EXHIBIT C-2 

LENDER: [—] 

PRINCIPAL AMOUNT: $[—] 

[FORM OF] REVOLVING CREDIT NOTE 

New York, New York 
 [Date] 

FOR VALUE RECEIVED, the undersigned, CBS Outdoor Americas Capital LLC, a Delaware limited liability company, and CBS Outdoor Americas Capital
Corporation, a Delaware corporation (individually, a “Borrower”, together, the “Borrowers”), each hereby promises to pay, on a joint and several basis, to the Lender set forth above (the “Lender”)
or its registered assigns, in accordance with the provisions of the Credit Agreement (as defined below), in lawful money of the United States of America in immediately available funds to the Administrative Agent for the benefit of the Lender at the
Administrative Agent’s Office (such term, and each other capitalized term used but not otherwise defined herein, having the meaning assigned to it in the Credit Agreement, dated as of January 31, 2014 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrowers, the Guarantors party thereto from time to time, the lenders and other parties thereto from time to time and Citibank,
N.A., as Administrative Agent) (A) on the dates set forth in the Credit Agreement, the lesser of (i) the principal amount set forth above and (ii) the aggregate unpaid principal amount of all Revolving Credit Loans made by the Lender
to the Borrowers pursuant to the Credit Agreement, and (B) interest from the date hereof on the principal amount from time to time outstanding on each such Revolving Credit Loan at the rate or rates per annum and payable on such dates, as
provided in the Credit Agreement. 
 Each Borrower promises to pay, on a joint and several basis, interest, on demand, on any overdue
principal and, to the extent permitted by law, overdue interest from their due dates at a rate or rates provided in (and to the extent required by) the Credit Agreement. 

The Borrowers hereby waive diligence, presentment, demand, protest and notice of any kind whatsoever. The nonexercise by the holder hereof of
any of its rights hereunder in any particular instance shall not constitute a waiver thereof in that or any subsequent instance. 
 All
borrowings evidenced by this note and all payments and prepayments of the principal hereof and interest hereon and the respective dates thereof shall be endorsed by the holder hereof on the schedule attached hereto and made a part hereof or on a
continuation thereof which shall be attached hereto and made a part hereof, or otherwise recorded by such holder in its internal records; provided, however, that the failure of the holder hereof to make such a notation or any error in
such notation shall not affect the obligations of the Borrowers under this note. 
 This note is one of the Revolving Credit Notes referred
to in the Credit Agreement that, among other things, contains provisions for the acceleration of the maturity hereof upon the happening of certain events, for optional and mandatory prepayment of the principal hereof prior to the maturity hereof and
for the amendment or waiver of certain provisions of the Credit Agreement, all upon the terms and conditions therein specified. 

  
 C-2-1 

 THIS NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS OF THE CREDIT AGREEMENT.

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY
CONFLICTS OF LAWS PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 [THE REMAINDER OF THIS PAGE IS
INTENTIONALLY LEFT BLANK] 

  
 C-2-2 

 
					
	CBS OUTDOOR AMERICAS CAPITAL LLC
			
	By:	 		 	
		 	Name:	 	
		 	Title:	 	
	
	CBS OUTDOOR AMERICAS CAPITAL CORPORATION
			
	By:	 		 	
		 	Name:	 	
		 	Title:	 	

  
 C-2-3 

 LOANS AND PAYMENTS 
  

											
	 Date
	  	Amount of Loan	  	Maturity
Date	  	Payments of
Principal/Interest	  	Principal
 Balance of 
Note	  	Name of
Person
Making the
Notation
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	

  
 C-2-4 

 EXHIBIT C-3 

LENDER: [—] 

PRINCIPAL AMOUNT: $[—] 

[FORM OF] SWING LINE NOTE 
 New
York, New York 
 [Date] 
 FOR
VALUE RECEIVED, the undersigned, CBS OUTDOOR AMERICAS CAPITAL LLC, a Delaware limited liability company, and CBS OUTDOOR AMERICAS CAPITAL CORPORATION, a Delaware corporation, (individually a “Borrower”, together, the
“Borrowers”), each hereby promises to pay, on a joint and several basis, to the Lender set forth above (the “Lender”) or its registered assigns, in accordance with the provisions of the Credit Agreement (as defined
below), in lawful money of the United States of America in immediately available funds to the Administrative Agent for the benefit of the Lender at the Administrative Agent’s Office (such term, and each other capitalized term used but not
otherwise defined herein, having the meaning assigned to it in the Credit Agreement, dated as January 31, 2014 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among the Borrowers, the Guarantors party thereto from time to time, the lenders and other parties thereto from time to time and Citibank, N.A., as Administrative Agent) (A) on the dates set forth in the Credit Agreement,
the lesser of (i) the principal amount set forth above and (ii) the aggregate unpaid principal amount of all Swing Line Loans made by the Lender to the Borrowers pursuant to the Credit Agreement, and (B) interest from the date hereof
on the principal amount from time to time outstanding on each such Swing Line Loan at the rate or rates per annum and payable on such dates as provided in the Credit Agreement. 

Each Borrower promises to pay, on a joint and several basis, interest, on demand, on any overdue principal and, to the extent permitted by
law, overdue interest from their due dates at a rate or rates provided in (and to the extent required by) the Credit Agreement. 
 The
Borrowers hereby waive diligence, presentment, demand, protest and notice of any kind whatsoever. The nonexercise by the holder hereof of any of its rights hereunder in any particular instance shall not constitute a waiver thereof in that or any
subsequent instance. 
 All borrowings evidenced by this note and all payments and prepayments of the principal hereof and interest hereon
and the respective dates thereof shall be endorsed by the holder hereof on the schedule attached hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof, or otherwise recorded by such holder
in its internal records; provided, however, that the failure of the holder hereof to make such a notation or any error in such notation shall not affect the obligations of the Borrowers under this note. 

This note is one of the Swing Line Notes referred to in the Credit Agreement that, among other things, contains provisions for the
acceleration of the maturity hereof upon the happening of certain events, for optional and mandatory prepayment of the principal hereof prior to the maturity hereof and for the amendment or waiver of certain provisions of the Credit Agreement, all
upon the terms and conditions therein specified. 

  
 C-3-1 

 THIS NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS OF THE CREDIT AGREEMENT.

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY
CONFLICTS OF LAWS PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 [THE REMAINDER OF THIS PAGE IS
INTENTIONALLY LEFT BLANK] 

  
 C-3-2 

 
					
	CBS OUTDOOR AMERICAS CAPITAL LLC
			
	By:	 		 	
		 	Name:	 	
		 	Title:	 	
	
	CBS OUTDOOR AMERICAS CAPITAL CORPORATION
			
	By:	 		 	
		 	Name:	 	
		 	Title:	 	

  
 C-3-3 

 LOANS AND PAYMENTS 
  

											
	 Date
	  	Amount of Loan	  	Maturity
Date	  	Payments of
Principal/Interest	  	Principal
Balance of
Note	  	Name of
Person
Making the
Notation
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	

  
 C-3-4 

 EXHIBIT D 

[FORM OF] 
 COMPLIANCE CERTIFICATE

 [Date] 
 Reference is made to
the Credit Agreement dated as of January 31, 2014 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrowers, the Guarantors party thereto
from time to time, the lenders and other parties thereto from time to time and Citibank, N.A., as Administrative Agent (capitalized terms used herein have the meanings attributed thereto in the Credit Agreement unless otherwise defined herein).
Pursuant to Section 6.02(a) of the Credit Agreement, the undersigned, in his/her capacity as a Responsible Officer of Parent, certifies as follows: 
  

	 	1.	[Attached hereto as Exhibit A is the consolidated balance sheet of Parent and its Subsidiaries as of December 31, 20[—] and related consolidated statements of
income or operations, stockholders’ equity and cash flows for the fiscal year then ended, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP,
audited and accompanied by a report and opinion of [PricewaterhouseCoopers LLP], prepared in accordance with generally accepted auditing standards and not subject to any “going concern” or like qualification or exception or any
qualification or exception as to the scope of such audit (other than any qualification that is expressly solely with respect to, or expressly resulting solely from, (A) an upcoming maturity date of the Revolving Facility or (B) any
potential inability to satisfy a financial maintenance covenant on a future date or in a future period).]1 

  

	 	2.	[Attached hereto as Exhibit A is the consolidated balance sheet of Parent and its Subsidiaries as of [—] and the related (i) consolidated statements of income or
operations for such fiscal quarter and for the portion of the fiscal year then ended and (ii) consolidated statements of cash flows for the portion of the fiscal year then ended, setting forth in each case in comparative form the figures for
the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail. These present fairly in all material respects the financial condition, results of operations,
stockholders’ equity and cash flows of Parent and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes.]2

  

	1 	To be included if delivered in connection with annual financial statements only. 

	2 	To be included if delivered in connection with quarterly financial statements only. 

  
 D-1 

	 	3.	To my knowledge, except as otherwise disclosed to the Administrative Agent pursuant to the Credit Agreement, no Default has occurred. [If unable to provide the foregoing certification, fully describe the reasons
therefor and circumstances thereof and any action taken or proposed to be taken with respect thereto on Annex A attached hereto.] 

  

	 	4.	[The following represent true and accurate calculations, as of [—], to be used to determine compliance with the covenant set forth in Section 7.09 of the
Credit Agreement: 

  

			
	Consolidated Net Secured Leverage Ratio:	  	
		
	Consolidated Total Net Debt that is secured by Liens=	  	[—]
	Consolidated EBITDA=	  	[—]
	Actual Ratio=	  	[—] to 1.00
	Maximum Ratio=	  	[3.50]/[4.00] to 1.00

 Supporting detail showing the calculation of the Consolidated Net Secured Leverage Ratio is attached hereto as
Schedule 1.]3 
  

	 	5.	[Attached hereto is the information required by Section 6.02(c) of the Credit Agreement.]4 

 

	3 	Insert if Section 7.09 is applicable for the reporting period. 

	4 	To be included only in annual compliance certificate. 

  
 D-2 

 SCHEDULE 1 
  

											
	(A)	 	Consolidated Net Secured Leverage Ratio: Consolidated Total Net Debt that is secured by liens, to Consolidated EBITDA for the most recently ended Test Period. 
			
	(1)	 	 Consolidated Total Net Debt that is secured by Liens as of [—], 20[—]:
	 	
				
		 	(a)	 	the aggregate principal amount of Indebtedness of Parent and its Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP, secured by Liens and consisting of:	 	
					
		 		 	(i)	 	Indebtedness for borrowed money,	 	
		 		 		 		 		 	  

					
		 		 	(ii)	 	Capitalized Lease Obligations, and	 	
		 		 		 		 		 	  

					
		 		 	(iii)	 	Attributable Indebtedness.	 	
		 		 		 		 		 	  

				
		 	(b)	 	less up to $150 million of cash and Cash Equivalents (which are not Restricted Cash) that would be stated on the balance sheet of the Loan Parties as of such date of determination,1	 	
		 		 		 		 		 	  

			
		 	Consolidated Total Net Debt that is secured by Liens	 	
		 		 		 		 		 	  

			
	(2)	 	Consolidated EBITDA:	 	
				
		 	(a)	 	Consolidated Net Income:	 	
					
		 		 	(i)	 	the aggregate Net Income of Parent and its Restricted Subsidiaries for such period, on a consolidated basis, and otherwise determined in accordance with GAAP; provided, however, that, without duplication:	 	
		 		 		 		 		 	  

						
		 		 		 	(A)	 	any after-tax effect of extraordinary, non-recurring or unusual gains or losses (less all fees and expenses relating thereto) or	 	
		 		 		 		 		 	  

 

	1 	provided that for purposes of determining the Consolidated Net Secured Leverage Ratio in connection with the incurrence of any Incremental Facilities incurred pursuant to Section 2.14 or any Permitted
Debt Offerings incurred pursuant to Section 7.02(b)(21), the cash proceeds of such Incremental Facilities and/or Permitted Debt Offering shall not be deemed to be included on the consolidated balance sheet of Parent and its Restricted
Subsidiaries. 

  
 D-3 

											
		 		 		 		 	expenses (including expenses relating to (i) severance and relocation costs, (ii) any rebranding or corporate name change or (iii) uninsured storm or other weather-related damage, in excess of $5 million for any single weather
event) shall be excluded,	 	
						
		 		 		 	(B)	 	the Net Income for such period shall not include the cumulative effect of a change in accounting principles during such period,	 	
		 		 		 		 		 	  

						
		 		 		 	(C)	 	any after-tax effect of income (loss) from disposed or discontinued operations and any net after-tax gains or losses on disposal of disposed, abandoned or discontinued operations shall be excluded,	 	
		 		 		 		 		 	  

						
		 		 		 	(D)	 	any after-tax effect of gains or losses (less all fees and expenses relating thereto) attributable to asset dispositions other than in the ordinary course of business, as determined in good faith by Parent shall be
excluded,	 	
		 		 		 		 		 	  

						
		 		 		 	(E)	 	the Net Income for such period of any Person that is not a Subsidiary, or is an Unrestricted Subsidiary, or that is accounted for by the equity method of accounting, shall be excluded; provided, that Consolidated Net Income
of Parent shall be increased by the amount of dividends or distributions or other payments that are actually paid in cash (or to the extent converted into cash or Cash Equivalents) to Parent or a Restricted Subsidiary in respect of such period,	 	
		 		 		 		 		 	  

						
		 		 		 	(F)	 	the Net Income for such period of any Restricted Subsidiary (other than any Guarantor) shall be excluded if the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of its Net Income is not at
the date of determination wholly permitted without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of the terms of its charter or any agreement, instrument,	 	
		 		 		 		 		 	  

  
 D-4 

											
		 		 		 		 	judgment, decree, order, statute, rule, or governmental regulation applicable to that Restricted Subsidiary or its stockholders, unless such restriction with respect to the payment of dividends or similar distributions has been
legally waived; provided, that Consolidated Net Income of Parent will be increased by the amount of dividends or other distributions or other payments actually paid in cash (or to the extent converted into cash or Cash Equivalents) to Parent
or a Restricted Subsidiary thereof in respect of such period, to the extent not already included therein,	 	
						
		 		 		 	(G)	 	any after-tax effect of income (loss) from the early extinguishment of Indebtedness or Hedging Obligations or other derivative instruments shall be excluded, and	 	
		 		 		 		 		 	  

						
		 		 		 	(H)	 	any fees and expenses incurred during such period, or any amortization thereof for such period, in connection with the Transactions and any acquisition, Investment, Disposition, issuance or repayment of Indebtedness, issuance of
Equity Interests, refinancing transaction or amendment or modification of any debt instrument (in each case, including any such transaction consummated prior to the Closing Date and any such transaction undertaken but not completed) and any charges
or non-recurring merger costs incurred during such period as a result of any such transaction shall be excluded,	 	
		 		 		 		 		 	  

				
		 	(b)	 	plus (without duplication):	 	
					
		 		 	(i)	 	provision for taxes based on income or profits or capital gains, including, federal, state, non-U.S. franchise, excise, value added and similar taxes and foreign withholding taxes of Parent and its Restricted
Subsidiaries paid or accrued during such period, including any penalties and interest relating to such taxes or arising from any tax examinations, deducted (and not added back) in computing Consolidated Net Income,	 	
		 		 		 		 		 	  

  
 D-5 

											
					
		 		 	(ii)	 	Consolidated Interest Expense of Parent and its Restricted Subsidiaries for such period,	 	
		 		 		 		 		 	  

					
		 		 	(iii)	 	Consolidated Depreciation and Amortization Expense of Parent and its Restricted Subsidiaries for such period to the extent the same were deducted (and not added back) in computing Consolidated Net Income,	 	
		 		 		 		 		 	  

					
		 		 	(iv)	 	any fees, expenses or charges related to the IPO, any Equity Offering, Permitted Investment, acquisition, disposition, recapitalization or the incurrence or repayment of Indebtedness permitted to be incurred in
accordance with this Agreement (including a refinancing thereof) (whether or not successful), including (i) such fees, expenses or charges related to the offering of the Senior Notes or under the Loan Documents, (ii) any amendment or other
modification of the Senior Notes, and, in each case, deducted (and not added back) in computing Consolidated Net Income, and (iii) the other Transactions,	 	
		 		 		 		 		 	  

					
		 		 	(v)	 	the amount of any restructuring charge or reserve deducted (and not added back) in such period in computing Consolidated Net Income, including any restructuring costs incurred in connection with acquisitions, mergers or
consolidations after the Closing Date,	 	
		 		 		 		 		 	  

					
		 		 	(vi)	 	any other non-cash charges, including any write offs or write downs and non-cash compensation expenses recorded from grants of stock appreciation or similar rights, stock options, restricted stock or other rights,
reducing Consolidated Net Income for such period (provided, that if any such non-cash charges represent an accrual or reserve for potential cash items in any future period, the cash payment in respect thereof in such future period shall be
subtracted from Consolidated EBITDA in such future period to the extent paid, but excluding from this proviso, for the avoidance of doubt, amortization of a prepaid cash item that was paid in a prior period),	 	
		 		 		 		 		 	  

  
 D-6 

											
					
		 		 	(vii)	 	the amount of any minority interest expense consisting of Subsidiary income attributable to minority equity interests of third parties in any non-Wholly-Owned Subsidiary deducted (and not added back) in such period in
calculating Consolidated Net Income,	 	
		 		 		 		 		 	  

					
		 		 	(viii)	 	the amount of loss on sale of receivables and related assets to the Receivables Subsidiary in connection with a Receivables Facility,	 	
		 		 		 		 		 	  

					
		 		 	(ix)	 	any costs or expense incurred by Parent or a Restricted Subsidiary pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement or any stock subscription or
shareholder agreement, to the extent that such cost or expenses are funded with cash proceeds contributed to the capital of Parent or net cash proceeds of an issuance of Equity Interest of Parent (other than Disqualified Stock) solely to the extent
that such net cash proceeds are excluded from the calculation of the Available Amount, and	 	
		 		 		 		 		 	  

					
		 		 	(x)	 	the amount of cost savings, operating expense reductions, other operating improvements and initiatives and synergies projected by Parent in good faith to be reasonably anticipated to be realizable within twelve (12)
months of the date of any Investment, acquisition, disposition, merger, consolidation or other action being given pro forma effect (which will be added to Consolidated EBITDA as so projected until fully realized and calculated on a Pro Forma
Basis as though such cost savings, operating expense reductions, other operating improvements and initiatives and synergies had been realized on the first day of such period), net of the amount of actual benefits realized during such period from
such actions; provided that (x) all steps have been taken for realizing such cost savings, (y) such cost savings are reasonably identifiable and factually supportable (in the good faith determination of Parent) and (z) the aggregate amount of
cost	 	
		 		 		 		 		 	  

  
 D-7 

											
		 		 		 		 	savings, operating expense reductions, other operating improvements and initiatives and synergies added back pursuant to this clause (J) in any Test Period shall not exceed 10% of Consolidated EBITDA (prior to giving effect
to such addbacks).	 	
				
		 	(c)	 	minus (without duplication) non-cash gains increasing Consolidated Net Income of such Person for such period, excluding any non-cash gains to the extent they represent the reversal of an accrual or reserve for
a potential cash item that reduced Consolidated EBITDA in any prior period, and	 	
		 		 		 		 		 	  

				
		 	(d)	 	plus or minus (without duplication)	 	
					
		 		 	(i)	 	any net loss or gain, respectively, resulting in such period from Hedging Obligations and the application of Financial Accounting Codification No. 815-Derivatives and Hedging; plus or minus, as
applicable, and	 	
		 		 		 		 		 	  

					
		 		 	(ii)	 	any net loss or gain, respectively, resulting in such period from currency translation gains or losses related to currency remeasurements of Indebtedness (including any net loss or gain resulting from hedge agreements
for currency exchange risk).	 	
		 		 		 		 		 	  

			
		 	Consolidated EBITDA	 	
		 		 		 		 		 	  

			
		 	 Consolidated Total Net Debt secured by Liens to Consolidated EBITDA
	 	[—]:1.00
			
		 	 Covenant Requirement
	 	[3.50]/[4.00] to 1.00

  
 D-8 

 IN WITNESS WHEREOF, the undersigned, in his/her capacity as a Responsible Officer of Parent, has
executed this certificate for and on behalf of Parent and has caused this certificate to be delivered as of the first date written above. 
  

					
	CBS OUTDOOR AMERICAS INC.
		
	By:	 	
		 	Name:	 	
		 	Title:	 	

  
 D-9 

 EXHIBIT E 

[FORM OF] 
 ASSIGNMENT AND
ASSUMPTION 
 This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth
below and is entered into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each]2 Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]3 hereunder are several and not joint.]4 Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement
identified below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by
reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an agreed consideration, [the][each]
Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the
Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity
as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding
rights and obligations of [the Assignor][the respective Assignors] under the respective facilities identified below (including, without limitation, the Letters of Credit and the Swing Line Loans included in such facilities5) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective
Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan 

 

	1 	For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors,
choose the second bracketed language. 

	2 	For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose
the second bracketed language. 

	3 	Select as appropriate. 

	4 	Include bracketed language if there are either multiple Assignors or multiple Assignees. 

	5 	 Include all applicable subfacilities. 

  
 E-1 

 
transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all
other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i)
and (ii) above being referred to herein collectively as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and
Assumption, without representation or warranty by [the][any] Assignor. 
  

					
	1.	 	Assignor[s]:	 	  

		 		 	  

			
	2.	 	Assignee[s]:	 	  

		 		 	  

 [for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]] 

 

	3.	Borrowers: CBS Outdoor Americas Capital LLC and CBS Outdoor Americas Capital Corporation, on a joint and several basis 

  

	4.	Administrative Agent: Citibank, N.A., as the administrative agent under the Credit Agreement 

  

	5.	Credit Agreement: Credit Agreement, dated as of January 31, 2014 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time), among CBS Outdoor Americas Capital LLC and CBS
Outdoor Americas Capital Corporation, as Borrowers, the Guarantors party thereto from time to time, the lenders and other parties thereto from time to time and Citibank, N.A., as Administrative Agent 

  
 E-2 

	6.	Assigned Interest: 

  

																			
	 Assignor[s]6
	  	Assignee[s]7	  	Facility
Assigned8	  	Aggregate
Amount of
Commitment/Loans
for all Lenders9	 	  	Amount of
Commitment/
Loans
Assigned	 	  	Percentage
Assigned of
Commitment/
Loans10	 	 	CUSIP
Number
		  		  		  	$	            	  	  	$	            	  	  				 	
		  		  		  				  				  	 	    	% 	 	
		  		  		  	$	            	  	  	$	            	  	  				 	
		  		  		  				  				  	 	    	% 	 	
		  		  		  	$	            	  	  	$	            	  	  				 	
		  		  		  				  				  	 	    	% 	 	

  

	[7.	Trade Date:                     ]11 

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

	6 	List each Assignor, as appropriate. 

	7 	List each Assignee, as appropriate. 

	8 	Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g. “Revolving Credit Commitment”, “Term Commitment”,
etc.). 

	9 	Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

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

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

  
 E-3 

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

 

					
	[NAME OF ASSIGNOR], as Assignor
		
	By:	 	
		 	Name:	 	
		 	Title:	 	
	
	[NAME OF ASSIGNEE], as Assignee
		
	By:	 	
		 	Name:	 	
		 	Title:	 	

  
 E-4 

					
	[Consented to and]12 Accepted:
	
	CITIBANK, N.A., as Administrative Agent
		
	By:	 	  

		 	Title:	 	
	
	[Consented to:]13
		
	By:	 	  

		 	Title:	 	

  

	12 	To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	13 	To be added only if the consent of Parent and/or other parties (e.g. Swing Line Lender, L/C Issuer) is required by the terms of the Credit Agreement. 

  
 E-5 

 Annex 1 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

Representations and Warranties. 

1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][[the
relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this
Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any
other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of Parent, any of its Subsidiaries or
Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by Parent, the Borrowers, any of their respective Subsidiaries or Affiliates or any other Person of any of their respective
obligations under any Loan Document. 
 1.2. Assignee. [The][Each] Assignee (a) represents and warrants that (i) it has full power
and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the
requirements to be an assignee under Section 10.06 of the Credit Agreement (subject to such consents, if any, as may be required under Section 10.06(b)(i)(B) or 10.06(b)(iii) of the Credit Agreement), (iii) from
and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is
sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in
acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01
thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has,
independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and
to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such]
Assignee; and (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will be bound by the terms of the Credit Agreement and perform in accordance with their terms all of the obligations which by the
terms of the Loan Documents are required to be performed by it as a Lender including its obligations under Section 3.01(d) of the Credit Agreement. 

  
 E-6 

 2. Payments. From and after the Effective Date, the Administrative Agent shall make all payments
in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the relevant] Assignee
for amounts which have accrued from and after the Effective Date. 
 3. General Provisions. This Assignment and Assumption shall be binding
upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed
counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in
accordance with, the law of the State of New York without giving effect to any conflicts of laws provisions that would result in the application of the laws of another jurisdiction. 

  
 E-7 

 EXHIBIT F 

[FORM OF] SECURITY AGREEMENT 
  

 
  

SECURITY AGREEMENT 
 dated as of

 January 31, 2014 
 among

 CBS OUTDOOR AMERICAS CAPITAL LLC 

and CBS OUTDOOR AMERICAS CAPITAL CORPORATION, 

as Borrowers 
 CBS OUTDOOR AMERICAS
INC. AND THE OTHER 
 GUARANTORS PARTY HERETO FROM TIME TO TIME 

and 
 CITIBANK, N.A., 

as Collateral Agent 
  

 
  

  
 F-1 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	
	ARTICLE I	  
	
	Definitions	  
			
	SECTION 1.01.	 	 Credit Agreement
	  	 	4	  
	SECTION 1.02.	 	 Other Defined Terms
	  	 	5	  
	
	ARTICLE II	  
	
	Pledge of Securities	  
			
	SECTION 2.01.	 	 Pledge
	  	 	8	  
	SECTION 2.02.	 	 Delivery of the Pledged Collateral
	  	 	9	  
	SECTION 2.03.	 	 Representations, Warranties and Covenants
	  	 	10	  
	SECTION 2.04.	 	 Actions with Respect to Certain Equity Interests
	  	 	11	  
	SECTION 2.05.	 	 Registration in Nominee Name; Denominations
	  	 	12	  
	SECTION 2.06.	 	 Voting Rights; Dividends and Interest
	  	 	12	  
	
	ARTICLE III	  
	
	Security Interests in Personal Property	  
			
	SECTION 3.01.	 	 Security Interest
	  	 	14	  
	SECTION 3.02.	 	 Representations and Warranties
	  	 	16	  
	SECTION 3.03.	 	 Covenants
	  	 	17	  
	SECTION 3.04.	 	 Instruments
	  	 	20	  
	
	ARTICLE IV	  
	
	Remedies	  
			
	SECTION 4.01.	 	 Remedies upon Default
	  	 	20	  
	SECTION 4.02.	 	 Application of Proceeds
	  	 	22	  
	SECTION 4.03.	 	 Grant of License to Use Intellectual Property; Power of Attorney
	  	 	22	  
	
	ARTICLE V	  
	
	Miscellaneous	  
			
	SECTION 5.01.	 	 Notices
	  	 	23	  
	SECTION 5.02.	 	 Waivers; Amendment
	  	 	23	  
	SECTION 5.03.	 	 Collateral Agent’s Fees and Expenses
	  	 	24	  
	SECTION 5.04.	 	 Successors and Assigns
	  	 	24	  
	SECTION 5.05.	 	 Survival of Agreement
	  	 	24	  

  
 F-2 

							
	 	 	 	  	Page	 
			
	SECTION 5.06.	 	 Counterparts; Effectiveness; Successors and Assigns; Several Agreement
	  	 	25	  
	SECTION 5.07.	 	 Severability
	  	 	25	  
	SECTION 5.08.	 	 Right of Set-Off
	  	 	25	  
	SECTION 5.09.	 	 Governing Law; Jurisdiction; Venue; Waiver of Jury Trial; Consent to Service of Process
	  	 	25	  
	SECTION 5.10.	 	 Headings
	  	 	26	  
	SECTION 5.11.	 	 Security Interest Absolute
	  	 	26	  
	SECTION 5.12.	 	 Intercreditor Agreement Governs
	  	 	26	  
	SECTION 5.13.	 	 Termination or Release
	  	 	26	  
	SECTION 5.14.	 	 Additional Grantors
	  	 	27	  
	SECTION 5.15.	 	 Collateral Agent Appointed Attorney-in-Fact
	  	 	27	  
	SECTION 5.16.	 	 General Authority of the Collateral Agent
	  	 	28	  
	SECTION 5.17.	 	 Reasonable Care
	  	 	29	  
	SECTION 5.18.	 	 Mortgages
	  	 	29	  
	SECTION 5.19.	 	 Reinstatement
	  	 	29	  
	SECTION 5.20.	 	 Miscellaneous
	  	 	29	  
			
	Schedules	 		  			
			
	SCHEDULE I	 	 Pledged Equity; Pledged Debt
	  			
			
	Exhibits	 		  			
			
	EXHIBIT I	 	 Form of Security Agreement Supplement
	  			
	EXHIBIT II	 	 Form of Patent Security Agreement
	  			
	EXHIBIT III	 	 Form of Trademark Security Agreement
	  			
	EXHIBIT IV	 	 Form of Copyright Security Agreement
	  			

  
 F-3 

 SECURITY AGREEMENT dated as of January 31, 2014 among CBS OUTDOOR AMERICAS CAPITAL LLC, a
Delaware limited liability company, and CBS OUTDOOR AMERICAS CAPITAL CORPORATION, a Delaware corporation (each, a “Borrower” and, together, the “Borrowers”), CBS OUTDOOR AMERICAS INC., a Maryland corporation (the
“Parent”), as Grantor, the other Grantors identified herein and who from time to time become a party hereto (together with the Borrowers and Parent, the “Grantors” and each a “Grantor”) and
CITIBANK, N.A., as collateral agent for the Secured Parties (together with its successors and assigns in such capacity, the “Collateral Agent”). 

Reference is made to the Credit Agreement dated as of January 31, 2014 (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), among the Borrowers, Parent, as Guarantor, the other Guarantors from time to time party thereto, Citibank, N.A., as Administrative Agent, Swing Line Lender, and L/C
Issuer, the Collateral Agent and each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”). The Lenders have agreed to extend credit to the Borrowers subject to the terms
and conditions set forth in the Credit Agreement and the Hedge Banks have agreed to perform certain obligations under Secured Hedge Agreements and Treasury Services Agreements. The obligations of (i) the Lenders to extend such credit and
(ii) the performance of such obligations of the Hedge Banks under the Secured Hedge Agreements and Treasury Services Agreements are conditioned upon, among other things, the execution and delivery of this Agreement. The Grantors (other than the
Borrowers) are affiliates of the Borrowers, will derive substantial benefits from such extension of credit by the Lenders and such performance of such obligations by the Hedge Banks and are willing to execute and deliver this Agreement in order to
induce (i) the Lenders to extend such credit and (ii) the Hedge Banks to enter into such Secured Hedge Agreements and Treasury Services Agreements to execute the documentation relating thereto. Accordingly, the parties hereto agree as
follows: 
 ARTICLE I 

Definitions 
 SECTION 1.01.
Credit Agreement. 
 (a) Unless otherwise noted, capitalized terms used in this Agreement and not otherwise defined herein have the meanings
specified in the Credit Agreement. Whether or not defined in the Credit Agreement, all terms defined in the New York UCC (as defined herein) and not otherwise defined in this Agreement have the meanings specified therein; the term
“instrument” shall have the meaning specified in Article 9 of the New York UCC. 
 (b) The rules of
construction specified in Article I of the Credit Agreement also apply to this Agreement. 

  
 F-4 

 SECTION 1.02. Other Defined Terms. As used in this Agreement, the following terms have the
meanings specified below: 
 “Account Debtor” means any Person who is or who may become obligated to any Grantor under,
with respect to or on account of an Account. 
 “Accounts” has the meaning specified in Article 9 of the New York UCC. 

“Agreement” means this Security Agreement. 

“Article 9 Collateral” has the meaning assigned to such term in Section 3.01(a). 

“Borrower” and “Borrowers” have the meanings assigned to such terms in the preliminary statement of this
Agreement. 
 “Collateral” means the Article 9 Collateral and the Pledged Collateral. 

“Collateral Agent” has the meaning assigned to such term in the preliminary statement of this Agreement. 

“Copyright License” means any written agreement, now or hereafter in effect, granting any right to any third party under any
Copyright now or hereafter directly owned by any Grantor or that such Grantor otherwise has the right to license, or granting any right to any Grantor under any Copyright now or hereafter owned by any third party, and all rights of such Grantor
under any such agreement. 
 “Copyrights” means all of the following now directly owned or hereafter directly acquired by
any Grantor: (a) all copyright rights in any work subject to and under the copyright laws of the United States, whether as author, assignee, transferee, exclusive licensee or otherwise, and (b) all registrations and applications for
registration of any such copyright in the United States, including registrations, recordings, supplemental registrations and pending applications for registration in the USCO. 

“Credit Agreement” has the meaning assigned to such term in the preliminary statement of this Agreement. 

“Excluded Assets” means (a) any Real Property (including, without limitation, all Real Property leasehold interests
(including requirements to deliver landlord lien waivers, estoppels and collateral access letters)) other than any fee-owned Real Property, together with any improvements thereon, with an individual fair market value in excess of $5 million,
(b) any vehicles and other assets subject to certificates of title to the extent a Lien thereon cannot be perfected by the filing of a financing statement under the UCC of any applicable jurisdiction, (c) any Letter-of-Credit Rights to the
extent a Lien thereon cannot be perfected by the filing of a financing statement under the UCC of any applicable jurisdiction, (d) any Commercial Tort Claims, (e) any asset or property to the extent the grant of a security interest is
prohibited by applicable Law or requires a consent not obtained of any Governmental Authority pursuant to such applicable Law, in each case after giving effect to the applicable anti-assignment provisions of the UCC of any applicable jurisdiction or
other applicable Law and other than Proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC of any applicable jurisdiction or other applicable Law notwithstanding such prohibition, (f) any asset

  
 F-5 

 
(including, without limitation, any lease, license or other agreement or Contractual Obligation or any property subject to a purchase money security interest, Lien securing a Capitalized Lease
Obligation, Receivables Facility or similar arrangement) to the extent that a grant of a security interest therein would require a consent not obtained or violate or invalidate any lease, license, agreement or Contractual Obligation (including,
without limitation, any such purchase money arrangement, Capitalized Lease Obligation, Receivables Facility or similar arrangement) or create a right of termination in favor of any other party thereto (other than a Borrower or a Guarantor), in each
case after giving effect to the applicable anti-assignment provisions of the UCC of any applicable jurisdiction and other applicable Law and other than Proceeds and receivables thereof, the assignment of which is expressly deemed effective under the
UCC of any applicable jurisdiction or other applicable Law notwithstanding such prohibition, (g) any asset or property (including, without limitation, any Equity Interests) to the extent the grant of a security interest is prohibited by any
Organization Documents, joint venture agreement or shareholders’ agreement governing the issuer of such Equity Interests or requires a consent not obtained of any Person (other than a Grantor) pursuant to such Organization Documents or
agreements, in each case after giving effect to the applicable anti-assignment provisions of the UCC of any applicable jurisdiction or other applicable Law and other than Proceeds and receivables thereof, the assignment of which is expressly deemed
effective under the UCC of any applicable jurisdiction or other applicable Law notwithstanding such prohibition, (h) voting Equity Interests (and any other interests constituting “stock entitled to vote” within the meaning of
Treasury Regulation Section 1.956-2(c)(2)) in excess of 66% of all such Equity Interests (and other interests) in (A) any CFC or (B) any CFC Holdco, (i) any Equity Interests in (A) any Person that is not a Wholly-Owned
Subsidiary to the extent that the Parent and the Collateral Agent reasonably determine that the granting of a Lien on such Equity Interests will materially interfere with minority shareholders of such Person, (B) any Unrestricted Subsidiary
(until such time as any Unrestricted Subsidiary becomes a Restricted Subsidiary) or (C) any Person held by a Foreign Subsidiary, (j) any “intent-to-use” trademark or service mark applications prior to the filing and
acceptance of a “Statement of Use” pursuant to Section 1(d) of the Lanham Act or an “Amendment to Allege Use” pursuant to Section 1(c) of the Lanham Act with respect thereto, (k) any foreign assets,
rights or property or credit support; provided that this clause (k) shall not exclude any Equity Interests of Foreign Subsidiaries that are otherwise required to be pledged pursuant to the terms of this Agreement, (l) any
asset or property as to which Parent and the Collateral Agent reasonably determine that the costs of obtaining a Lien thereon or perfection thereof are excessive in relation to the benefit to the Secured Parties of such Lien and (m) any assets
or property as to which Parent and the Collateral Agent reasonably determine that the granting of a Lien thereon will result in materially adverse tax consequences to Parent or any of its Subsidiaries; provided, however, that
“Excluded Assets” shall not include any Proceeds, substitutions or replacements of any “Excluded Assets” referred to in clauses (a) through (m) (unless such Proceeds, substitutions or
replacements would constitute “Excluded Assets” referred to in any of clauses (a) through (m). 

“General Intangibles” has the meaning specified in Article 9 of the New York UCC and includes for the avoidance of doubt
corporate or other business records, indemnification claims, contract rights (including rights under leases, whether entered into as lessor or lessee, Swap Contracts and other agreements), goodwill, registrations, franchises, tax refund claims and
any letter of credit, guarantee, claim, security interest or other security directly held by or granted to any Grantor, as the case may be, to secure payment by an Account Debtor of any of the Accounts. 

  
 F-6 

 “Grantor” and “Grantors” have the meanings assigned to such
terms in the preliminary statement of this Agreement. 
 “Intellectual Property” means all intellectual property of every
kind and nature now directly owned or hereafter directly acquired by any Grantor, including inventions, designs, Patents, Copyrights, Licenses, Trademarks, trade secrets, confidential or proprietary technical and business information, know-how,
show-how or other data or information, the intellectual property rights in software and databases and related documentation and all additions, improvements and accessions to, and books and records describing any of the foregoing. 

“Intellectual Property Security Agreements” means the short-form Patent Security Agreement, short-form Trademark Security
Agreement, and short-form Copyright Security Agreement, each substantially in the form attached hereto as Exhibits II, III and IV, respectively. 

“Investment Property” has the meaning specified in Article 9 of the New York UCC. 

“Lender” and “Lenders” have the meanings assigned to such terms in the preliminary statement of this
Agreement. 
 “License” means any Patent License, Trademark License, Copyright License or other Intellectual Property
license or sublicense agreement to which any Grantor is a party, together with any and all (a) renewals, extensions, amendments and supplements thereof, (b) income, fees, royalties, damages, claims and payments now and hereafter due and/or
payable thereunder or with respect thereto including damages for breach or for infringement claims pertaining to the licensed Intellectual Property (to the extent that a Grantor has the right to collect them), and (c) rights to sue for past,
present and future breaches or violations thereof. 
 “New York UCC” means the Uniform Commercial Code as from time to time
in effect in the State of New York. 
 “Parent” has the meaning assigned to such term in the preliminary statement of this
Agreement. 
 “Patent License” means any written agreement, now or hereafter in effect, granting to any third party any
right to make, use or sell any invention on which a Patent, now or hereafter directly owned by any Grantor or that any Grantor otherwise has the right to license, is in existence, or granting to any Grantor any right to make, use or sell any
invention on which a Patent, now or hereafter owned by any third party, is in existence, and all rights of any Grantor under any such agreement. 

“Patents” means all of the following now directly owned or hereafter acquired and directly owned by any Grantor: (a) all
letters patent of the United States, all registrations and recordings thereof, and all applications for letters patent of the United States, and (b) all reissues, re-examinations, continuations, divisions, continuations-in-part, renewals, or
extensions thereof, and the inventions or improvements disclosed or claimed therein. 

  
 F-7 

 “Pledged Collateral” has the meaning assigned to such term in
Section 2.01. 
 “Pledged Debt” has the meaning assigned to such term in Section 2.01. 

“Pledged Equity” has the meaning assigned to such term in Section 2.01. 

“Pledged Securities” means any promissory notes, stock certificates, limited or unlimited liability membership certificates
or other certificated securities now or hereafter included in the Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral. 

“Security Agreement Supplement” means an instrument in the form of Exhibit I hereto. 

“Security Interest” has the meaning assigned to such term in Section 3.01(a). 

“Trademark License” means any written agreement, now or hereafter in effect, granting to any third party any right to use any
trademark now or hereafter directly owned by any Grantor or that any Grantor otherwise has the right to license, or granting to any Grantor any right to use any trademark now or hereafter owned by any third party, and all rights of any Grantor under
any such agreement. 
 “Trademarks” means all of the following now directly owned or hereafter directly acquired by any
Grantor: (a) all trademarks, service marks, trade names, corporate names, trade dress, logos, designs, fictitious business names and other source or business identifiers protected under the laws of the United States or any state or political
subdivision thereof, all registrations and recordings thereof, and all registration and recording applications filed in connection therewith in the USPTO or any similar offices in any State of the United States or any political subdivision thereof,
and all renewals thereof, as well as any unregistered trademarks and service marks used by a Grantor and (b) all goodwill connected with the use thereof and symbolized thereby. 

“USCO” means the United States Copyright Office. 

“USPTO” means the United States Patent and Trademark Office. 

ARTICLE II 
 Pledge of Securities

 SECTION 2.01. Pledge. As security for the payment or performance in full when due of the Obligations, including the Guarantees of the
Obligations, each Grantor hereby pledges to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and assigns, for the benefit of the

  
 F-8 

 
Secured Parties, a security interest in all of such Grantor’s right, title and interest in, to and under (a) all Equity Interests directly held by it, including those listed on Schedule
I and any other Equity Interests directly obtained in the future by such Grantor and the certificates, if any, representing all such Equity Interests (the “Pledged Equity”); provided that the Pledged Equity shall not include
any Excluded Assets; (b) (i) the debt obligations owed to it and listed opposite the name of such Grantor on Schedule I, (ii) any debt obligations (including, without limitation, any intercompany notes) directly obtained in the future
by such Grantor having, in the case of each instance of debt obligations, an aggregate principal amount in excess of $5 million and (iii) the certificates, promissory notes and any other instruments, if any, evidencing such debt obligations
(the “Pledged Debt”); provided that the Pledged Debt shall not include any Excluded Assets or any intercompany notes evidencing Indebtedness owed by a Grantor to another Grantor; (c) subject to Section 2.06, all
payments of principal or interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of, in exchange for or upon the conversion of, and all other Proceeds received in respect
of, the Pledged Equity and Pledged Debt; (d) subject to Section 2.06, all rights and privileges of such Grantor with respect to the securities and other property referred to in clauses (a), (b), and
(c) above; and (e) all Proceeds of any of the foregoing (the items referred to in clauses (a) through (f) above being collectively referred to as the “Pledged Collateral”);
provided that the Pledged Collateral shall not include any Excluded Assets. 
 TO HAVE AND TO HOLD the Pledged Collateral, together
with all right, title, interest, powers, privileges and preferences pertaining or incidental thereto, unto the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, forever, subject, however, to the terms, covenants
and conditions hereinafter set forth. 
 SECTION 2.02. Delivery of the Pledged Collateral. 

(a) Each Grantor agrees to deliver to the Collateral Agent on the Closing Date all Pledged Securities directly owned by it on the Closing Date
and with respect to any Pledged Securities issued or acquired after the Closing Date, it agrees to deliver or cause to be delivered as promptly as practicable (and in any event, within thirty (30) days after the date of acquisition thereof or
such longer period as to which the Collateral Agent may agree in its reasonable discretion) to the Collateral Agent, for the benefit of the Secured Parties, any and all such Pledged Securities (other than any uncertificated securities). If any
uncertificated securities subsequently become certificated such that they constitute Pledged Securities, the applicable Grantor agrees to deliver or cause to be delivered as promptly as practicable (and in any event, within thirty (30) days
after the date such certificates become certificated or such longer period as to which the Collateral Agent may agree in its reasonable discretion) to the Collateral Agent, for the benefit of the Secured Parties, any and all such certificates. 

(b) The Grantors will cause (or, with respect to Indebtedness owed to any Grantor by any Person other than Parent or any of its Subsidiaries,
will use reasonable best efforts to cause) any Indebtedness for borrowed money owed to any Grantor by any Person (other than intercompany Indebtedness between Grantors and Excluded Assets) having a principal amount in excess of $5 million
individually, to be evidenced by a duly executed promissory note that is pledged and delivered to the Collateral Agent, for the benefit of the Secured Parties, pursuant to the terms hereof. 

  
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 (c) Upon delivery to the Collateral Agent, (i) any Pledged Securities required to be
delivered pursuant to the foregoing paragraphs (a) and (b) of this Section 2.02 shall be accompanied by undated stock or note powers, as applicable, duly executed in blank or other instruments of transfer reasonably
satisfactory to the Collateral Agent and by such other instruments and documents as the Collateral Agent may reasonably request and (ii) all other property comprising part of the Pledged Collateral delivered pursuant to the terms of this
Agreement shall be accompanied to the extent necessary to perfect the security interest in the Pledged Collateral by undated proper instruments of assignment or transfer duly executed in blank by the applicable Grantor and such other instruments or
documents as the Collateral Agent may reasonably request. 
 SECTION 2.03. Representations, Warranties and Covenants. The Grantors jointly
and severally represent, warrant and covenant, as to themselves and the other Grantors, to and with the Collateral Agent, for the benefit of the Secured Parties, that: 

(a) Schedule I correctly sets forth, as of the Closing Date, a true and complete list, with respect to each Grantor, of
(i) all the Equity Interests directly owned by such Grantor in any Person and the percentage of the issued and outstanding units of each class of the Equity Interests of the issuer thereof represented by the Pledged Equity directly owned by
such Grantor and (ii) all the Pledged Debt owed to such Grantor; 
 (b) the Pledged Equity and Pledged Debt (solely with
respect to Pledged Debt issued by a Person other than Parent or any of its Subsidiaries, to the best of each Grantor’s knowledge) have been duly and validly authorized and issued by the issuers thereof and (i) in the case of Pledged
Equity, is fully paid and nonassessable and (ii) in the case of Pledged Debt (solely with respect to Pledged Debt issued by a Person other than Parent or any of its Subsidiaries, to the best of each Grantor’s knowledge), is the legal,
valid and binding obligation of each issuer thereof, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general
equitable principles (whether considered in a proceeding at law or in equity) and an implied covenant of good faith and fair dealing; 

(c) each of the Grantors (i) is and, subject to any transfers made in compliance with the Credit Agreement, will continue
to be the direct owner, beneficially and of record, of the Pledged Securities indicated on Schedule I as directly owned by such Grantors, (ii) holds the same free and clear of all Liens, other than (A) Liens created by the Collateral
Documents and (B) Liens expressly permitted pursuant to Section 7.01 of the Credit Agreement, (iii) will make no assignment, pledge, hypothecation or transfer of, or create or permit to exist any security interest in or other
Lien on, the Pledged Collateral, other than (A) Liens created by the Collateral Documents, (B) Liens expressly permitted pursuant to Section 7.01 of the Credit Agreement and (C) other transactions permitted under the
Credit Agreement, and (iv) subject to the rights of such Grantor to 

  
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dispose of assets or property pursuant to the terms of the Credit Agreement, if requested by the Collateral Agent, will use commercially reasonable efforts to defend its title or interest thereto
or therein against any and all Liens (other than the Liens permitted pursuant to this Section 2.03(c)), however arising, of all Persons whomsoever; 

(d) except for restrictions and limitations imposed by the Loan Documents or securities laws generally or permitted to exist
pursuant to the terms of the Credit Agreement, the Pledged Collateral is and will continue to be freely transferable and assignable, and none of the Pledged Collateral is or will be subject to any option, right of first refusal, shareholders
agreement, charter or by-law provisions or contractual restriction of any nature that might prohibit, impair, delay or otherwise affect in any manner material and adverse to the Secured Parties the pledge of such Pledged Collateral hereunder, the
sale or disposition thereof pursuant hereto or the exercise by the Collateral Agent of rights and remedies hereunder; 
 (e)
each of the Grantors has the power and authority to pledge the Pledged Collateral pledged by it hereunder in the manner hereby done or contemplated; and 

(f) no consent or approval of any Governmental Authority, any securities exchange or any other Person was or is necessary to
the validity of the pledge effected hereby (other than such as have been obtained and are in full force and effect). 
 SECTION 2.04.
Actions with Respect to Certain Equity Interests. 
 (a) Any limited liability company and any limited partnership controlled by any Grantor
shall either (a) not include in its operative documents any provision that any Equity Interests in such limited liability company or such limited partnership be a “security” as defined under Article 8 of the Uniform Commercial
Code or (b) certificate any Equity Interests in any such limited liability company or such limited partnership. To the extent an interest in any limited liability company or limited partnership controlled by any Grantor and pledged under
Section 2.01 is certificated or becomes certificated, (i) each such certificate shall be delivered to the Collateral Agent, pursuant to Section 2.02(a) and (ii) such Grantor shall fulfill all other requirements
under Section 2.02 applicable in respect thereof. Each Grantor hereby agrees that if any of the Pledged Collateral is at any time not evidenced by certificates of ownership, then each applicable Grantor shall, to the extent permitted by
applicable law or, with respect to Pledged Collateral issued by any Person other than a Wholly Owned Subsidiary of Parent, the Organization Documents of such issuer, (i) if necessary or desirable to perfect a security interest in such Pledged
Collateral, cause such pledge to be recorded on the equityholder register or the books of the issuer, execute any customary pledge forms or other documents necessary or appropriate to complete the pledge and give the Collateral Agent the right to
transfer such Pledged Collateral under the terms hereof, and (ii) after the occurrence and during the continuance of any Event of Default, upon request by the Collateral Agent, (A) cause the Organization Documents of each such issuer of
Equity Interests constituting Pledged Collateral to be amended to provide that such Pledged Collateral shall be treated as “securities” for purposes of the Uniform Commercial Code and (B) cause such Pledged Collateral to become
certificated and delivered to the Collateral Agent. 

  
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 (b) Each Grantor hereby agrees that upon the occurrence and during the continuance of an Event of
Default, it will comply with instructions of the Collateral Agent with respect to the Equity Interests in such Grantor that constitute Pledged Equity hereunder that are not certificated without further consent by the applicable owner or holder of
such Equity Interests. 
 SECTION 2.05. Registration in Nominee Name; Denominations. If an Event of Default shall occur and be continuing,
(a) the Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name
of the applicable Grantor, endorsed or assigned in blank or in favor of the Collateral Agent, and each Grantor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities
registered in the name of such Grantor and (b) the Collateral Agent, on behalf of the Secured Parties, shall have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any
purpose consistent with this Agreement; provided, that the Collateral Agent shall give Parent prior notice of its intent to exercise such rights. 

SECTION 2.06. Voting Rights; Dividends and Interest. 

(a) Unless and until an Event of Default shall have occurred and be continuing and the Collateral Agent shall have notified Parent that the
rights of the Grantors under this Section 2.06 are being suspended: 
 (i) Each Grantor shall be entitled to
exercise any and all voting and/or other consensual rights and powers inuring to an owner of Pledged Securities or any part thereof for any purpose consistent with the terms of this Agreement, the Credit Agreement and the other Loan Documents;
provided that such rights and powers shall not be exercised in any manner, except as may be permitted under this Agreement, the Credit Agreement or the other Loan Documents, that would materially and adversely affect the rights and remedies
of any of the Collateral Agent or the other Secured Parties under this Agreement, the Credit Agreement or any other Loan Document or the ability of the Secured Parties to exercise the same. 

(ii) Subject to Section 2.06(b) below, the Collateral Agent shall be deemed without further action or formality to
have granted to each Grantor all necessary consents relating to voting rights and/or consensual rights and powers it is entitled to exercise pursuant to subparagraph (i) above and shall promptly execute and deliver to each Grantor, or cause to
be executed and delivered to each Grantor, all such proxies, powers of attorney and other instruments as each Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights and powers it is
entitled to exercise pursuant to subparagraph (i) above. 

  
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 (iii) Each Grantor shall be entitled to receive and retain any and all dividends,
interest, principal and other distributions paid on or distributed in respect of the Pledged Securities to the extent and only to the extent that such dividends, interest, principal and other distributions are permitted by, and otherwise paid or
distributed in accordance with, the terms and conditions of the Credit Agreement, the other Loan Documents and applicable Laws; provided that any noncash dividends, interest, principal or other distributions that would constitute Pledged
Equity or Pledged Debt, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the issuer of any Pledged Securities or received in exchange for Pledged Securities or any part thereof, or in
redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be and become part of the Pledged Collateral, and, if received by any Grantor, shall not
be commingled by such Grantor with any of its other funds or property but shall be held separate and apart therefrom, shall be held in trust for the benefit of the Collateral Agent and the Secured Parties and shall be promptly (and in any event
within thirty (30) days after receipt thereof or such longer period as to which the Collateral Agent may agree in its reasonable discretion) delivered to the Collateral Agent in the same form as so received (with any necessary endorsement
reasonably requested by the Collateral Agent). 
 (b) Upon the occurrence and during the continuance of an Event of Default, after the
Collateral Agent shall have notified Parent of the suspension of the rights of the Grantors under paragraph (a)(iii) of this Section 2.06, then all rights of any Grantor to receive dividends, interest, principal or other distributions
that such Grantor is authorized to receive pursuant to paragraph (a)(iii) of this Section 2.06 shall cease, and all such rights shall thereupon become vested, for the benefit of the Secured Parties, in the Collateral Agent, which shall
have the sole and exclusive right and authority to receive and retain such dividends, interest, principal or other distributions. All dividends, interest, principal or other distributions received by any Grantor contrary to the provisions of this
Section 2.06 shall be held in trust for the benefit of the Collateral Agent and the other Secured Parties, shall be segregated from other property or funds of such Grantor and shall be promptly (and in any event within thirty
(30) days or such longer period as to which the Collateral Agent may agree in its reasonable discretion) delivered to the Collateral Agent upon demand in the same form as so received (with any necessary endorsement reasonably requested by the
Collateral Agent). Any and all money and other property paid over to or received by the Collateral Agent pursuant to the provisions of this paragraph (b) shall be retained by the Collateral Agent in an account to be established by the
Collateral Agent upon receipt of such money or other property and shall be applied in accordance with the provisions of Section 4.02 hereof. After all Events of Default have been cured or waived, the Collateral Agent shall promptly repay
to each Grantor (without interest) all dividends, interest, principal or other distributions that such Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (a)(iii) of this Section 2.06 that remain in such
account. 
 (c) Upon the occurrence and during the continuance of an Event of Default, after the Collateral Agent shall have provided Parent
with notice of the suspension of the rights of the Grantors under paragraph (a)(i) of this Section 2.06, then all rights of any Grantor to exercise the voting and consensual rights and powers it is entitled to exercise pursuant to

  
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paragraph (a)(i) of this Section 2.06, and the obligations of the Collateral Agent under paragraph (a)(ii) of this Section 2.06, shall cease, and all such rights shall
thereupon become vested in the Collateral Agent, which shall have the sole and exclusive right and authority to exercise such voting and consensual rights and powers; provided that, unless otherwise directed by the Required Lenders, the
Collateral Agent shall have the right from time to time following and during the continuance of an Event of Default to permit the Grantors to exercise such rights at the discretion of the Collateral Agent. After all Events of Default have been cured
or waived, (i) each Grantor shall have the exclusive right to exercise the voting and/or consensual rights and powers that such Grantor would otherwise be entitled to exercise pursuant to the terms of paragraph (a)(i) of this
Section 2.06 and (ii) the obligations of the Collateral Agent pursuant to the terms of paragraph (a)(i) of this Section 2.06 shall be reinstated. 

(d) Any notice given by the Collateral Agent to Parent suspending the rights of the Grantors under paragraph (a) of this
Section 2.06 (i) shall be given in writing, (ii) may be given with respect to one or more of the Grantors at the same or different times and (iii) may suspend the rights of the Grantors under paragraph (a)(i) or paragraph
(a)(iii) of this Section 2.06 in part without suspending all such rights (as specified by the Collateral Agent in its sole and absolute discretion) and without waiving or otherwise affecting the Collateral Agent’s rights to give
additional notices from time to time suspending other rights so long as an Event of Default has occurred and is continuing. 
 ARTICLE III

 Security Interests in Personal Property 

SECTION 3.01. Security Interest. 

(a) As security for the payment or performance, as the case may be, in full when due of the Obligations, including the Guarantees of the
Obligations, each Grantor hereby pledges to the Collateral Agent, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, for the benefit of the Secured Parties, a security interest (the “Security
Interest”) in all right, title or interest in or to any and all of the following assets and properties now or at any time hereafter directly owned by such Grantor or in which such Grantor now has or at any time in the future may acquire any
right, title or interest (collectively, the “Article 9 Collateral”): 
 (i) all Accounts; 

(ii) all Chattel Paper; 

(iii) all Deposit Accounts; 

(iv) all Documents; 

  
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 (v) all Equipment; 

(vi) all Fixtures all General Intangibles and all Intellectual Property; 

(vii) all Goods; 

(viii) all Instruments; 

(ix) all Inventory; 

(x) all Investment Property; 

(xi) all books and records pertaining to the Article 9 Collateral; 

(xii) all Letters of Credit and Letter of Credit Rights; 

(xiii) all Money; and 

(xiv) to the extent not otherwise included, all Proceeds and products of any and all of the foregoing and all Supporting
Obligations, collateral security and guarantees given by any Person with respect to any of the foregoing;  
 provided that notwithstanding
anything to the contrary in this Agreement, this Agreement shall not constitute a grant of a security interest in (and the term “Collateral” shall not include) any Excluded Assets. 

(b) Each Grantor hereby irrevocably authorizes the Collateral Agent for the benefit of the Secured Parties at any time and from time to time
to file in any relevant jurisdiction any financing statements (including fixture filings) with respect to the Article 9 Collateral or any part thereof and amendments thereto that (i) indicate the Collateral as “all assets of the Debtor,
whether now owned or hereafter acquired” or words of similar effect as being of an equal or lesser scope or with greater detail, and (ii) contain the information required by Article 9 of the Uniform Commercial Code or the analogous
legislation of each applicable jurisdiction for the filing of any financing statement or amendment, including (A) whether such Grantor is an organization, the type of organization and, if required, any organizational identification number
issued to such Grantor and (B) in the case of a financing statement filed as a fixture filing, a sufficient description of the real property to which such Article 9 Collateral relates. Each Grantor agrees to provide such information to the
Collateral Agent promptly upon any reasonable request. 
 (c) The Security Interest is granted as security only and shall not subject the
Collateral Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Article 9 Collateral. 

(d) The Collateral Agent is authorized to file with the USPTO or the USCO (or any successor office) such documents as may be necessary or
advisable for the purpose of perfecting, confirming, continuing, enforcing or protecting the Security Interest in United States Intellectual Property granted by each Grantor, without the signature of any Grantor, and naming any Grantor or the
Grantors as debtors and the Collateral Agent as secured party. 

  
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 (e) Notwithstanding anything to the contrary in the Loan Documents, none of the Grantors shall be
required (i) to perfect the Security Interests granted by this Security Agreement (including Security Interests in Investment Property and Fixtures) by any means other than by (A) filings pursuant to the Uniform Commercial Code of the
relevant State(s), (B) filings in United States government offices with respect to Intellectual Property as expressly required elsewhere herein, (C) delivery to the Collateral Agent to be held in its possession of all Collateral consisting
of Instruments or Pledged Securities as expressly required elsewhere herein or (D) other methods provided for in Section 2.04, (ii) to enter into any deposit account control agreement or securities account control agreement
with respect to any deposit account or securities account, (iii) to take any action (other than the actions listed in clause (i)(A), and (C) above) with respect to any assets located outside of the United States or
(iv) to perfect in any assets subject to a certificate of title statute. 
 SECTION 3.02. Representations and Warranties. The Grantors
jointly and severally represent, warrant and covenant, as to themselves and the other Grantors, to and with the Collateral Agent, for the benefit of the Secured Parties, that: 

(a) Subject to Liens permitted by Section 7.01 of the Credit Agreement, each Grantor has good and valid rights
in and title to the Article 9 Collateral with respect to which it has purported to grant a Security Interest hereunder. 

(b) The Uniform Commercial Code financing statements (including fixture filings) or other appropriate filings, recordings or
registrations prepared by the Collateral Agent based upon the information provided to the Collateral Agent in the Perfection Certificate for filing in each governmental, municipal or other office specified in Schedule 6 to the Perfection Certificate
(or specified by notice from Parent to the Collateral Agent after the Closing Date in the case of filings, recordings or registrations required by the Credit Agreement), are all the filings, recordings and registrations (other than filings required
to be made in the USPTO and the USCO in order to perfect the Security Interest in Article 9 Collateral consisting of United States Patents, Trademarks and Copyrights) that are necessary to establish a legal, valid and perfected security interest in
favor of the Collateral Agent (for the benefit of the Secured Parties) in respect of all Article 9 Collateral in which the Security Interest may be perfected by filing, recording or registration in the United States (or any political subdivision
thereof) and its territories and possessions, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary in any such jurisdiction, except as provided under applicable law with respect to the
filing of continuation statements and amendments. 
 (c) Each Grantor represents and warrants that short-form Intellectual
Property Security Agreements containing a description of all Article 9 Collateral consisting of United States Patents (except the Excluded Patents), United States registered Trademarks (and Trademarks for which United States registration
applications are pending, unless it 

  
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constitutes an Excluded Asset) and United States registered Copyrights, respectively, have been or on the Closing Date shall be delivered to the Collateral Agent for recording by the USPTO and
the USCO pursuant to 35 U.S.C. § 261, 15 U.S.C. § 1060 or 17 U.S.C. § 205 and the regulations thereunder, as applicable, as may be necessary to establish a valid and perfected security interest in favor of the Collateral Agent (for
the benefit of the Secured Parties) in respect of all Article 9 Collateral consisting of registrations and applications for Patents, Trademarks (except pending Trademark applications that constitute Excluded Assets) and Copyrights to the extent a
security interest may be perfected by filing, recording or registration in the USPTO or the USCO, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary (other than (i) such filings
and actions as are necessary to perfect the Security Interest with respect to any Article 9 Collateral consisting of Patents, Trademarks and Copyrights (or registration or application for registration thereof) acquired or developed by any Grantor
after the date hereof, and (ii) the UCC financing and continuation statements and amendments contemplated in Section 3.02(b)). 

(d) (i) When all appropriate filings, recordings, registrations or notifications are made as may be required under
applicable Law to perfect the Security Interest and (ii) upon the taking of possession or control by the Collateral Agent of such Article 9 Collateral with respect to which a security interest may be perfected only by possession or control
(which possession or control shall be given to the Collateral Agent to the extent required by this Agreement or the Intercreditor Agreement, if then in effect), the Security Interest shall be prior to any other Lien on any of the Article 9
Collateral, other than (1) any nonconsensual Lien that is expressly permitted pursuant to Section 7.01 of the Credit Agreement and has priority as a matter of law and (2) Liens expressly permitted pursuant to
Section 7.01 of the Credit Agreement. 
 (e) The Article 9 Collateral is owned by the Grantors free and clear of
any Lien, except for Liens expressly permitted pursuant to Section 7.01 of the Credit Agreement. None of the Grantors has filed or consented to the filing of (i) any financing statement or analogous document under the New York UCC
or any other applicable United States laws covering any Article 9 Collateral, (ii) any assignment in which any Grantor assigns any Article 9 Collateral or any security agreement or similar instrument covering any Article 9 Collateral with the
USPTO or the USCO or (iii) any assignment in which any Grantor assigns any Article 9 Collateral or any security agreement or similar instrument covering any Article 9 Collateral with any foreign governmental, municipal or other office, which
financing statement or analogous document, assignment, security agreement or similar instrument is still in effect, except, in each case, for Liens expressly permitted pursuant to Section 7.01 of the Credit Agreement. 

SECTION 3.03. Covenants. 
 (a)
Parent agrees promptly (and in any event within thirty (30) days after such change) to notify the Collateral Agent in writing of any change in (i) legal name of any Grantor, (ii) the type of organization of any Grantor, (iii) the
jurisdiction of organization of any Grantor, or (iv) the chief executive office of any Grantor and, upon request by the Collateral Agent, take 

  
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all actions necessary to continue the perfection of the security interest created hereunder following any such change with the same priority as immediately prior to such change. Parent agrees
promptly to provide the Collateral Agent after notification of any such change with certified Organization Documents reflecting any of the changes described in the first sentence of this paragraph. 

(b) Each year, at the time of delivery of annual financial statements with respect to the preceding fiscal year pursuant to
Section 6.01 of the Credit Agreement, Parent shall deliver a Perfection Certificate Supplement in accordance with Section 6.02(c) of the Credit Agreement. 

(c) Each Grantor agrees, at its own expense, to execute, acknowledge, deliver and cause to be duly filed all such further instruments and
documents and take all such actions as the Collateral Agent may from time to time reasonably request to better assure, preserve, protect and perfect the Security Interest and the rights and remedies created hereby, including the payment of any fees
and taxes required in connection with the execution and delivery of this Agreement, the granting of the Security Interest and the filing of any financing statements (including fixture filings) or other documents in connection herewith or therewith,
all in accordance with the terms of this Agreement and the Credit Agreement. 
 (d) At its option, the Collateral Agent may discharge past
due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Article 9 Collateral and not permitted pursuant to Section 7.01 of the Credit Agreement, and may pay for the
maintenance and preservation of the Article 9 Collateral to the extent any Grantor fails to do so as required by the Credit Agreement, this Agreement or any other Loan Document and within a reasonable period of time after the Collateral Agent has
requested that it do so, and each Grantor jointly and severally agrees to reimburse the Collateral Agent within ten (10) Business Days after demand for any payment made in respect of such amounts that are due and payable or any reasonable
expense incurred by the Collateral Agent pursuant to the foregoing authorization in accordance with Section 5.03; provided, however, Grantors shall not be obligated to reimburse the Collateral Agent with respect to any
Intellectual Property Collateral which any Grantor has failed to maintain or pursue, or otherwise allowed to lapse, terminate or be put into the public domain, in accordance with Section 3.03(f)(iv). Nothing in this paragraph shall be
interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges,
fees, Liens, security interests or other encumbrances and maintenance as set forth herein or in the other Loan Documents. 
 (e)
Reserved.  
 (f) Intellectual Property Covenants. 

(i) Other than to the extent permitted herein or in the Credit Agreement or with respect to registrations and applications no longer used or
useful, and except to the extent failure to act would not, as deemed by Parent in its reasonable business judgment, reasonably be 

  
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expected to have a Material Adverse Effect, with respect to registration or pending application of each item of its Intellectual Property included in the Article 9 Collateral for which such
Grantor has standing to do so, each Grantor agrees to take, at its expense, all reasonable steps, including, without limitation, in the USPTO, the USCO and any other governmental authority located in the United States, to pursue the registration and
maintenance of each Patent, Trademark, or Copyright registration or application, now or hereafter included in such Article 9 Collateral of such Grantor. 

(ii) Other than to the extent permitted herein or in the Credit Agreement, or with respect to registrations and applications no longer used or
useful, or except as would not, as deemed by Parent in its reasonable business judgment, reasonably be expected to have a Material Adverse Effect, no Grantor shall do or permit any act or knowingly omit to do any act whereby any of its Intellectual
Property included in the Article 9 Collateral may lapse, be terminated, or become invalid or unenforceable or placed in the public domain (or in the case of a trade secret, becomes publicly known). 

(iii) Other than as excluded or as permitted herein or in the Credit Agreement, or with respect to Patents, Copyrights or Trademarks which are
no longer used or useful in the Grantor’s business operations or except where failure to do so would not, as deemed by Parent in its reasonable business judgment, reasonably be expected to have a Material Adverse Effect, each Grantor shall take
all reasonable steps to preserve and protect each item of its Intellectual Property included in the Article 9 Collateral, including, without limitation, maintaining the quality of any and all products or services used or provided in connection with
any of the Trademarks, consistent with the quality of the products and services as of the date hereof, and taking all reasonable steps necessary to ensure that all licensed users of any of the Trademarks abide by the applicable license’s terms
with respect to standards of quality. 
 (iv) Notwithstanding clauses (i) through (iii) above, nothing in this
Agreement or any other Loan Document prevents any Grantor from Disposing of, discontinuing the use or maintenance of, failing to pursue, or otherwise allowing to lapse, terminate or be put into the public domain, any of its Intellectual Property
included in the Article 9 Collateral to the extent permitted by the Credit Agreement. 
 (v) Within thirty (30) calendar days after the
end of each calendar quarter each Grantor shall provide a list of any additional applications for or registrations of Intellectual Property (in each case, in the USPTO and the USCO, as applicable) of such Grantor not previously disclosed to the
Collateral Agent including such information as is necessary for such Grantor to make appropriate filings in the USPTO and the USCO with respect to Intellectual Property included in the Article 9 Collateral and deliver to the Collateral Agent at such
time the short-form security agreement with respect to such Patents, Trademarks or Copyrights in appropriate form for filing with the USPTO or USCO, as applicable and file such agreements with the USPTO or USCO, as applicable. 

(g) Except to the extent permitted under the Credit Agreement, each Grantor shall, upon request of the Collateral Agent, at its own expense,
take any and all commercially reasonable actions necessary to defend title to the Article 9 Collateral against all Persons and to 

  
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defend the Security Interest of the Collateral Agent in the Article 9 Collateral and the priority thereof against any Lien not permitted pursuant to Section 7.01 of the Credit
Agreement. Each Grantor (rather than the Collateral Agent or any Secured Party) shall remain liable (as between itself and any relevant counterparty) to observe and perform all the conditions and obligations to be observed and performed by it under
each contract, agreement or instrument relating to the Article 9 Collateral, all in accordance with the terms and conditions thereof, and each Grantor jointly and severally agrees to indemnify and hold harmless the Collateral Agent and the Secured
Parties from and against any and all liability for such performance. 
 SECTION 3.04. Instruments. If the Grantors shall at any time
directly hold or acquire any Instruments constituting Article 9 Collateral (excluding checks), and evidencing an amount in excess of $5 million individually, such Grantor shall promptly (and in any event, within thirty (30) days after the date
of acquisition thereof or such longer period as to which the Collateral Agent may agree in its reasonable discretion) endorse, assign and deliver the same to the Collateral Agent for the benefit of the Secured Parties, accompanied by such
instruments of transfer or assignment duly executed in blank as the Collateral Agent may from time to time reasonably request. 
 ARTICLE IV

 Remedies 
 SECTION 4.01.
Remedies upon Default. Upon the occurrence and during the continuance of an Event of Default, it is agreed that the Collateral Agent shall have the right to exercise any and all rights afforded to a secured party with respect to the Obligations
under the Uniform Commercial Code or other applicable law and also may (i) require each Grantor to, and each Grantor agrees that it will at its expense and upon request of the Collateral Agent promptly, assemble all or part of the Collateral as
directed by the Collateral Agent and make it available to the Collateral Agent at a place and time to be designated by the Collateral Agent that is reasonably convenient to both parties; (ii) enter into any premises owned or, to the extent
lawful and permitted, leased by any of the Grantors where the Collateral or any part thereof is assembled or located in order to effectuate its rights and remedies hereunder or under law, without obligation to such Grantor in respect of such
occupation; provided that the Collateral Agent shall provide the applicable Grantor with notice thereof prior to such occupancy; (iii) require each Grantor to, and each Grantor agrees that it will at its expense and upon the request of
the Collateral Agent promptly, assign the entire right, title, and interest of such Grantor in each of the Patents, Trademarks, domain names and Copyrights to the Collateral Agent for the benefit of the Secured Parties; (iv) exercise any and
all rights and remedies of any of the Grantors under or in connection with the Collateral, or otherwise in respect of the Collateral; provided that the Collateral Agent shall provide the applicable Grantor with notice thereof prior to such
exercise; and (v) subject to the mandatory requirements of applicable law and the notice requirements described below, sell or otherwise dispose of all or any part of the Collateral securing the Obligations at a public or private sale or at any
broker’s board or on any securities 

  
 F-20 

 
exchange, for cash, upon credit or for future delivery as the Collateral Agent shall deem appropriate. The Collateral Agent shall be authorized at any such sale of securities (if it deems it
advisable to do so) to restrict the prospective bidders or purchasers to Persons who will represent and agree that they are purchasing the Collateral for their own account for investment and not with a view to the distribution or sale thereof, and
upon consummation of any such sale the Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any sale of Collateral shall hold the property sold
absolutely, free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by law) all rights of redemption, stay and appraisal which such Grantor now has or may at any time in the future have under
any rule of law or statute now existing or hereafter enacted. 
 The Collateral Agent shall give the applicable Grantors and Parent ten
(10) Business Days’ written notice (which each Grantor agrees is reasonable notice within the meaning of Section 9-611 of the New York UCC or its equivalent in other jurisdictions) of the Collateral Agent’s intention to make any
sale of Collateral. Such notice, in the case of a public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to
be made and the day on which the Collateral, or a portion thereof, will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary business hours and at such place or places as the
Collateral Agent may fix and state in the notice (if any) of such sale. At any such sale, the Collateral, or a portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the Collateral Agent may (in its sole and
absolute discretion) determine. The Collateral Agent shall not be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been given. The Collateral
Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and
place to which the same was so adjourned. In the case of any sale of all or any part of the Collateral made on credit or for future delivery, the Collateral so sold may be retained by the Collateral Agent until the sale price is paid by the
purchaser or purchasers thereof, but the Collateral Agent shall not incur any liability in the event that any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in case of any such failure, such Collateral may
be sold again upon like notice. At any public (or, to the extent permitted by law, private) sale made pursuant to this Agreement, any Secured Party may bid for or purchase, free (to the extent permitted by law) from any right of redemption, stay,
valuation or appraisal on the part of any Grantor (all said rights being also hereby waived and released to the extent permitted by law), the Collateral or any part thereof offered for sale and may make payment on account thereof by using any claim
then due and payable to such Secured Party from any Grantor as a credit against the purchase price, and such Secured Party may, upon compliance with the terms of sale, hold, retain and dispose of such property without further accountability to any
Grantor therefor. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the Collateral Agent shall be free to carry out such sale pursuant to such agreement and no Grantor
shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the Collateral Agent shall have entered into such an agreement all Events of Default shall have been remedied

  
 F-21 

 
and the Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Collateral Agent may proceed by a suit or suits at law or in equity to foreclose
this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a court appointed receiver. Any sale pursuant to the provisions of
this Section 4.01 shall be deemed to conform to the commercially reasonable standards as provided in Section 9-610(b) of the New York UCC or its equivalent in other jurisdictions. 

SECTION 4.02. Application of Proceeds. 

(a) Subject to the Intercreditor Agreement (if any), the Collateral Agent shall apply the proceeds of any collection or sale of Collateral,
including any Collateral consisting of cash, in the order provided for in the Credit Agreement. 
 (b) The Collateral Agent shall have
absolute discretion as to the time of application of any such proceeds, monies or balances in accordance with this Agreement and the Credit Agreement. Upon any sale of Collateral by the Collateral Agent (including pursuant to a power of sale granted
by statute or under a judicial proceeding), the receipt of the Collateral Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be
obligated to see to the application of any part of the purchase money paid over to the Collateral Agent or such officer or be answerable in any way for the misapplication thereof. 

(c) In making the determinations and allocations required by this Section 4.02, the Collateral Agent may conclusively rely upon
information supplied to or by the Collateral Agent as to the amounts of unpaid principal and interest and other amounts outstanding with respect to the Obligations, and the Collateral Agent shall have no liability to any of the Secured Parties for
actions taken in reliance on such information, provided that nothing in this sentence shall prevent any Grantor from contesting any amounts claimed by any Secured Party in any information so supplied. All distributions made by the Collateral
Agent pursuant to this Section 4.02 shall be (subject to any decree of any court of competent jurisdiction) final (absent manifest error), and the Collateral Agent shall have no duty to inquire as to the application by the Collateral
Agent of any amounts distributed to it. 
 SECTION 4.03. Grant of License to Use Intellectual Property; Power of Attorney. For the exclusive
purpose of enabling the Collateral Agent to exercise rights and remedies under this Agreement at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies at any time after and during the continuance of an
Event of Default, each Grantor hereby grants to the Collateral Agent a non-exclusive, royalty-free, limited license (until the termination or cure of the Event of Default) to use, license or, to the extent permitted under the terms of the relevant
license, sublicense any of the Intellectual Property included in the Article 9 Collateral now owned or hereafter acquired by such Grantor, and including in such license reasonable access to all media in which any of the licensed items may be
recorded or stored and to all computer software and programs used for the compilation or printout thereof; provided, however, that all of the foregoing rights of the Collateral Agent to operate such license, sublicense and other
rights, shall expire immediately upon the termination 

  
 F-22 

 
or cure of all Events of Default and shall be exercised by the Collateral Agent solely during the continuance of an Event of Default and upon ten (10) Business Days’ prior written
notice to the Borrowers, and nothing in this Section 4.03 shall require Grantors to grant any license that is prohibited by any rule of law, statute or regulation, or is prohibited by, or constitutes a breach or default under or results
in the termination of any contract, license, agreement, instrument or other document evidencing, giving rise to or theretofore granted, to the extent permitted by the Credit Agreement, with respect to such property or otherwise unreasonably
prejudices the value thereof to the relevant Grantor; provided, further, that such licenses granted hereunder with respect to Trademarks shall be subject to the maintenance of quality standards with respect to the goods and services on
which such Trademarks are used sufficient to preserve the validity of such Trademarks. Furthermore, each Grantor hereby grants to the Collateral Agent an absolute power of attorney to sign, subject only to the giving of ten (10) days’
notice to the Grantor and Parent, upon the occurrence and during the continuance of any Event of Default, any document which may be required by the USPTO or the USCO in order to effect an absolute assignment of all right, title and interest in each
registration and application for a Patent, Trademark or Copyright, and to record the same. 
 ARTICLE V 

Miscellaneous 
 SECTION 5.01.
Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Section 10.02 of the Credit Agreement (whether or not then in effect). All communications and
notices hereunder to any Grantor other than Parent shall be given to it in care of Parent as provided in Section 10.02 of the Credit Agreement (whether or not then in effect). 

SECTION 5.02. Waivers; Amendment. 

(a) No failure or delay by the Collateral Agent, any L/C Issuer or any Lender in exercising any right or power hereunder or under any other
Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or
the exercise of any other right or power. The rights and remedies of the Collateral Agent, the L/C Issuers and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would
otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Grantor therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 5.02, and then
such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver
of any Default, regardless of whether the Collateral Agent, any Lender or any L/C Issuer may have had notice or knowledge of such Default at the time. No notice or demand on any Grantor in any case shall entitle any Grantor to any other or further
notice or demand in similar or other circumstances. 

  
 F-23 

 (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except
pursuant to an agreement or agreements in writing entered into by the Collateral Agent and the Grantor or Grantors with respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with
Section 10.01 of the Credit Agreement. 
 SECTION 5.03. Collateral Agent’s Fees and Expenses. 

(a) The parties hereto agree that the Collateral Agent shall be entitled to reimbursement of its expenses incurred hereunder and indemnity for
its actions in connection herewith as provided in Sections 10.04 and 10.05 of the Credit Agreement (whether or not then in effect); provided that each reference therein to “Parent” or the
“Borrowers” shall be deemed to be a reference to “each Grantor” and each reference therein to “Administrative Agent” shall be deemed to be a reference to “Collateral Agent”. 

(b) Any such amounts payable as provided hereunder shall be additional Obligations secured hereby and by the other Collateral Documents. The
provisions of this Section 5.03 shall remain operative and in full force and effect regardless of the termination of this Agreement or any other Loan Document, the consummation of the transactions contemplated hereby, the repayment of
any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Collateral Agent or any other Secured Party. All amounts due under
this Section 5.03 shall be payable promptly upon written demand therefor. 
 SECTION 5.04. Successors and Assigns. Whenever in
this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Grantor or the Collateral Agent
that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns, to the extent permitted under Section 10.06 of the Credit Agreement. 

SECTION 5.05. Survival of Agreement. All covenants, agreements, representations and warranties made by the Grantors in the Loan Documents and
in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Lenders and shall survive the execution and delivery of
the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any Lender or on its behalf, and shall continue in full force and effect until the termination of the Aggregate Commitments
and payment in full of all Obligations (other than (A) contingent indemnification obligations and (B) obligations and liabilities under Treasury Services Agreements and Secured Hedge Agreements, except as to amounts that are due and
payable thereunder for which the Administrative Agent has received a written notice from the applicable Hedge Bank) and the expiration or termination of all Letters of Credit (other than Letters of Credit that have been Cash Collateralized or
back-stopped by a letter of credit reasonably satisfactory to the applicable L/C Issuer). 

  
 F-24 

 SECTION 5.06. Counterparts; Effectiveness; Successors and Assigns; Several Agreement. This
Agreement and each other Loan Document may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by facsimile or other electronic
communication of an executed counterpart of a signature page to this Agreement and each other Loan Document shall be effective as delivery of an original executed counterpart of this Agreement and such other Loan Document. The Collateral Agent may
also require that any such documents and signatures delivered by facsimile or other electronic communication be confirmed by a manually signed original thereof; provided that the failure to request or deliver the same shall not limit the
effectiveness of any document or signature delivered by facsimile or other electronic communication. This Agreement shall become effective as to any Grantor when a counterpart hereof executed on behalf of such Grantor shall have been delivered to
the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon such Grantor and the Collateral Agent and their respective successors and assigns permitted thereby, and
shall inure to the benefit of such Grantor, the Collateral Agent and the other Secured Parties and their respective successors and assigns permitted thereby, except that no Grantor shall have the right to assign or transfer its rights or obligations
hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement or the other Loan Documents. This Agreement shall be construed as a separate agreement with
respect to each Grantor and may be amended, modified, supplemented, waived or released with respect to any Grantor without the approval of any other Grantor and without affecting the obligations of any other Grantor hereunder. 

SECTION 5.07. Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable,
the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. The parties shall endeavor in good faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible
to that of the invalid, illegal or unenforceable provisions. 
 SECTION 5.08. Right of Set-Off. In addition to any rights and remedies of
the Lenders provided by Law, upon the occurrence and during the continuance of any Event of Default, each Lender and its Affiliates and each L/C Issuer and its Affiliates shall have the rights specified in Section 10.08 of the Credit
Agreement. 
 SECTION 5.09. Governing Law; Jurisdiction; Venue; Waiver of Jury Trial; Consent to Service of Process. 

(a) The terms of Sections 10.15 and 10.16 of the Credit Agreement with respect to governing law, submission of jurisdiction,
venue and waiver of jury trial are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to such terms. 

(b) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 5.01.
Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

  
 F-25 

 SECTION 5.10. Headings. Article and Section headings and the Table of Contents used herein are
for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

SECTION 5.11. Security Interest Absolute. To the extent permitted by applicable law, all rights of the Collateral Agent hereunder, the
Security Interest, the grant of a security interest in the Collateral and all obligations of each Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any
other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of
the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien on other
collateral, or any release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to,
or a discharge of, any Grantor in respect of the Obligations or this Agreement. 
 SECTION 5.12. Intercreditor Agreement Governs.
Notwithstanding anything herein to the contrary, (i) the liens and security interests granted to the Collateral Agent pursuant to this Agreement are expressly subject to the Intercreditor Agreement, if then in effect and (ii) the exercise
of any right or remedy by the Collateral Agent hereunder is subject to the limitations and provisions of the Intercreditor Agreement, if then in effect. In the event of any conflict between the terms of the Intercreditor Agreement, if then in
effect, and the terms of this Agreement, the terms of the Intercreditor Agreement if then in effect shall govern. 
 SECTION 5.13.
Termination or Release. 
 (a) This Agreement, the Security Interest and all other security interests granted hereby shall automatically
terminate with respect to all Obligations upon termination of the Aggregate Commitments and payment in full of all Obligations (other than (A) contingent indemnification obligations and (B) obligations and liabilities under Treasury
Services Agreements and Secured Hedge Agreements, except as to amounts that are due and payable thereunder for which the Administrative Agent has received a written notice from the applicable Hedge Bank) and the expiration or termination of all
Letters of Credit (other than Letters of Credit that have been Cash Collateralized or back-stopped by a letter of credit reasonably satisfactory to the applicable L/C Issuer). 

(b) A Grantor (other than a Borrower) shall automatically be released from its obligations hereunder as provided in Section 9.09
of the Credit Agreement; provided that the Lenders shall have consented to such transaction (to the extent required by the Credit Agreement) and the terms of such consent did not provide otherwise. 

  
 F-26 

 (c) Upon (i) any sale or other transfer by any Grantor of any Collateral that is permitted
under the Credit Agreement (other than a sale or transfer to another Grantor), (ii) any asset or property becoming an Excluded Asset or (iii) the effectiveness of any written consent to the release of the security interest granted hereby
in any Collateral pursuant to Section 9.09 or 10.01 of the Credit Agreement, the security interest of such Grantor in such Collateral shall be automatically released and the license granted in Section 4.03 shall be
automatically terminated with respect to such Collateral. 
 (d) In connection with any termination or release pursuant to paragraph (a),
(b) or (c) of this Section 5.13, the Collateral Agent shall execute and deliver to any Grantor, at such Grantor’s expense, all documents and take all such further actions that such Grantor shall reasonably request to
evidence such termination or release, in each case in accordance with the terms of Section 9.09 of the Credit Agreement. Any execution and delivery of documents pursuant to this Section 5.13 shall be without recourse to or
warranty by the Collateral Agent. 
 (e) Notwithstanding anything to the contrary set forth in this Agreement, each Hedge Bank by the
acceptance of the benefits under this Agreement hereby acknowledges and agrees that (i) the obligations of Parent or any of its Subsidiaries under any Secured Hedge Agreement and any Treasury Services Agreement shall be secured pursuant to this
Agreement only to the extent that, and for so long as, the other Obligations are so secured and (ii) any release of Collateral effected in the manner permitted by this Agreement shall not require the consent of any Hedge Bank. 

SECTION 5.14. Additional Grantors. Each Subsidiary (other than an Excluded Subsidiary) of Parent that is required to enter into this Agreement
as a Grantor pursuant to Section 6.11 of the Credit Agreement shall, and any Subsidiary of Parent may, execute and deliver a Security Agreement Supplement and thereupon such Subsidiary shall become a Grantor hereunder with the same force
and effect as if originally named as a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force
and effect notwithstanding the addition of any new Grantor as a party to this Agreement. 
 SECTION 5.15. Collateral Agent Appointed
Attorney-in-Fact. Each Grantor hereby appoints the Collateral Agent the attorney-in-fact of such Grantor for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument that the Collateral Agent
may deem necessary or advisable to accomplish the purposes hereof at any time after and during the continuance of an Event of Default, which appointment is irrevocable and coupled with an interest. Without limiting the generality of the foregoing,
the Collateral Agent shall have the right, upon the occurrence and during the continuance of an Event of Default and notice by the Collateral Agent to Parent of its intent to exercise such rights, with full power of substitution either in the
Collateral Agent’s name or in the name of such Grantor (a) to receive, endorse, assign and/or deliver any and all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the

  
 F-27 

 
Collateral or any part thereof; (b) to demand, collect, receive payment of, give receipt for and give discharges and releases of all or any of the Collateral; (c) to sign the name of
any Grantor on any invoice or bill of lading relating to any of the Collateral; (d) to send verifications of Accounts to any Account Debtor; (e) to commence and prosecute any and all suits, actions or proceedings at law or in equity in any
court of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect of any Collateral; (f) to settle, compromise, compound, adjust or defend any actions, suits or proceedings
relating to all or any of the Collateral; (g) to notify, or to require any Grantor to notify, Account Debtors to make payment directly to the Collateral Agent; (h) to make, settle and adjust claims in respect of Article 9 Collateral under
policies of insurance, including endorsing the name of any Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of insurance, making all determinations and decisions with respect thereto and obtaining or
maintaining the policies of insurance required by Section 6.07 of the Credit Agreement or paying any premium in whole or in part relating thereto; and (i) to use, sell, assign, transfer, pledge, make any agreement with respect to or
otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to carry out the purposes of this Agreement, as fully and completely as though the Collateral Agent were the absolute owner of the Collateral for all
purposes; provided that nothing herein contained shall be construed as requiring or obligating the Collateral Agent to make any commitment or to make any inquiry as to the nature or sufficiency of any payment received by the Collateral Agent,
or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due in respect thereof or any property covered thereby. Anything in this Section 5.15 to
the contrary notwithstanding, the Collateral Agent agrees that it will not exercise any rights under the power of attorney provided for in this Section 5.15 unless an Event of Default shall have occurred and be continuing. The Collateral
Agent and the other Secured Parties shall be accountable only for amounts actually received as a result of the exercise of the powers granted to them herein. No Agent Party shall be liable in the absence of its own gross negligence or willful
misconduct, as determined by a final judgment of a court of competent jurisdiction. All sums disbursed by the Collateral Agent in connection with this paragraph, including reasonable attorneys’ fees, court costs, expenses and other charges
relating thereto, shall be payable, as provided in Sections 10.04 and 10.05 of the Credit Agreement promptly upon written demand therefor by the Grantors to the Collateral Agent and shall be additional Obligations secured hereby. 

SECTION 5.16. General Authority of the Collateral Agent. By acceptance of the benefits of this Agreement and any other Collateral Documents,
each Secured Party (whether or not a signatory hereto) shall be deemed irrevocably (a) to consent to the appointment of the Collateral Agent as its agent hereunder and under such other Collateral Documents, (b) to confirm that the
Collateral Agent shall have the authority to act as the exclusive agent of such Secured Party for the enforcement of any provisions of this Agreement and such other Collateral Documents against any Grantor, the exercise of remedies hereunder or
thereunder and the giving or withholding of any consent or approval hereunder or thereunder relating to any Collateral or any Grantor’s obligations with respect thereto, (c) to agree that it shall not take any action to enforce any
provisions of this Agreement or any other Collateral Document against any Grantor, to exercise any remedy hereunder or thereunder or to give any consents or approvals hereunder or thereunder except as expressly provided in this Agreement or any
other Collateral Document and (d) to agree to be bound by the terms of this Agreement and any other Collateral Documents. 

  
 F-28 

 SECTION 5.17. Reasonable Care. The Collateral Agent is required to exercise reasonable care in
the custody and preservation of any of the Collateral in its possession; provided that the Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, if such Collateral is
accorded treatment substantially similar to that which the Collateral Agent accords its own property. 
 SECTION 5.18. Mortgages. In the
event that any of the Collateral hereunder is also subject to a valid and enforceable Lien under the terms of a Mortgage and the terms thereof are inconsistent with the terms of this Agreement, then with respect to such Collateral, the terms of such
Mortgage shall control in the case of Fixtures and real estate leases, letting and licenses of, and contracts and agreements relating to the lease of, real property, and the terms of this Agreement shall control in the case of all other Collateral.

 SECTION 5.19. Reinstatement. This Security Agreement shall continue to be effective, or be reinstated, as the case may be, if at any time
payment, or any part thereof, of any of the Obligations is rescinded or must otherwise be restored or returned by the Collateral Agent or any other Secured Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of Parent
or any other Loan Party, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, Parent or any other Loan Party or any substantial part of its property, or otherwise, all as though
such payments had not been made. 
 SECTION 5.20. Miscellaneous. 

(a) The Collateral Agent may execute any of the powers granted under this Agreement and perform any duty hereunder either directly or by or
through agents or attorneys-in-fact. 
 (b) The Collateral Agent shall not be deemed to have actual, constructive, direct or indirect notice
or knowledge of the occurrence of any Event of Default unless and until the Collateral Agent shall have received a notice of Event of Default or a notice from the Grantor or the Secured Parties to the Collateral Agent in its capacity as Collateral
Agent indicating that an Event of Default has occurred. The Collateral Agent shall have no obligation either prior to or after receiving such notice to inquire whether an Event of Default has, in fact, occurred and shall be entitled to rely
conclusively, and shall be fully protected in so relying, on any notice so furnished to it. 
 [Signatures on following page] 

  
 F-29 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year
first above written. 
  

			
	CBS OUTDOOR AMERICAS CAPITAL LLC
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS CAPITAL CORPORATION
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS INC.
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR GROUP LLC
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	OUTDOOR INC.
		
	By:	 	  

		
		 	Name:
		 	Title:

  
 F-30 

Signature Page for Patent Security Agreement 

 
			
	CBS OUTDOOR LLC
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTDOOR LA INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTERNET INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS COLLEGIATE SPORTS PROPERTIES INC.
		
	By:	 	  

		
		 	Name:
		 	Title:

  
 F-31 

Signature Page for Security Agreement 

 
			
	CITIBANK, N.A.,
	as Collateral Agent
		
	By:	 	
		 	Name:
		 	Title:

  
 F-32 

Signature Page for Security Agreement 

 SCHEDULE I 

Pledged Equity 
  

			
	 Pledgor
	  	 Pledged Interest

		  	
		  	

 Pledged Debt 

  
 F-33 

 EXHIBIT I TO THE 

SECURITY AGREEMENT 
 SUPPLEMENT
NO. [—] dated as of [—], to the Security Agreement (as amended, restated, amended and restated, supplemented or otherwise modified from time to
time, the “Security Agreement”) dated as of January 31, 2014 among CBS Outdoor Americas Capital LLC and CBS Outdoor Americas Capital Corporation, (the “Borrowers”) as Grantors, CBS Outdoor Americas Inc. as a
Grantor, the other Grantors from time to time party thereto and Citibank, N.A., as Collateral Agent for the Secured Parties. 
 A. Reference
is made to the Credit Agreement dated as of January 31, 2014 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrowers, the Guarantors,
Citibank, N.A., as Administrative Agent, Collateral Agent, Swing Line Lender, and L/C Issuer, and each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”). 

B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Security Agreement,
and if not defined therein, the Credit Agreement. 
 C. The Grantors have entered into the Security Agreement in order to induce
(x) the Lenders to make Loans and the L/C Issuers to issue Letters of Credit, (y) the Hedge Banks to enter into and/or maintain Secured Hedge Agreements and/or Treasury Services Agreements. Section 5.14 of the Security
Agreement provides that additional Restricted Subsidiaries of Parent may become Grantors under the Security Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Restricted Subsidiary (the “New
Subsidiary”) is executing this Supplement in accordance with the requirements of the Credit Agreement to become a Grantor under the Security Agreement in order to induce (x) the Lenders to make additional Loans and the L/C Issuers to
issue additional Letters of Credit and (y) the Hedge Banks to enter into and/or maintain Secured Hedge Agreements and/or Treasury Services Agreements and as consideration for (x) Loans previously made and Letters of Credit previously
issued and (y) Secured Hedge Agreements and Treasury Services Agreements previously entered into and/or maintained. 
 Accordingly, the
Collateral Agent and the New Subsidiary agree as follows: 
 SECTION 1. In accordance with Section 5.14 of the Security
Agreement, the New Subsidiary by its signature below becomes a Grantor under the Security Agreement with the same force and effect as if originally named therein as a Grantor and the New Subsidiary hereby (a) agrees to all the terms and
provisions of the Security Agreement applicable to it as a Grantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Grantor thereunder are true and correct on and as of the date hereof. In
furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in full of the Obligations does hereby create and grant to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, their
successors and assigns, a security interest in and lien on all of the New Subsidiary’s right, title and interest in and to the Collateral (as defined in the 

  
 F-34 

 
Security Agreement) of the New Subsidiary. Each reference to a “Grantor” in the Security Agreement shall be deemed to include the New Subsidiary. The Security Agreement is hereby
incorporated herein by reference. 
 SECTION 2. The New Subsidiary represents and warrants to the Collateral Agent for the benefit of the
Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as such enforceability may be limited by
Debtor Relief Laws and by general principles of equity. 
 SECTION 3. This Supplement may be executed in counterparts (and by different
parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Collateral Agent shall have received a
counterpart of this Supplement that bears the signature of the New Subsidiary, and the Collateral Agent has executed a counterpart hereof. Delivery of an executed signature page to this Supplement by facsimile transmission or other electronic
communication shall be as effective as delivery of a manually signed counterpart of this Supplement. 
 SECTION 4. The New Subsidiary hereby
represents and warrants that (a) set forth on Schedule I attached hereto is a true and correct schedule of the location of any and all Collateral of the New Subsidiary, (b) set forth under its signature hereto is the true and correct legal
name of the New Subsidiary, its jurisdiction of formation and the location of its chief executive office and (c) Schedule I attached hereto sets forth a true and complete list, with respect to the New Subsidiary, of (i) all the Equity
Interests directly owned by the New Subsidiary in any Person and the percentage of the issued and outstanding units of each class of the Equity Interests of the issuer thereof represented by the Pledged Equity directly owned by the New Subsidiary
and (ii) all the Pledged Debt owed to the New Subsidiary. 
 SECTION 5. Except as expressly supplemented hereby, the Security Agreement
shall remain in full force and effect. 
 SECTION 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY CONFLICTS OF LAWS PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

SECTION 7. If any provision of this Supplement is held to be illegal, invalid or unenforceable, the legality, validity and enforceability of
the remaining provisions of this Supplement and the other Loan Documents shall not be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction. 
 SECTION 8. All communications and notices hereunder shall be in writing and given as provided in Section 5.01
of the Security Agreement. 

  
 F-35 

 SECTION 9. The New Subsidiary agrees to reimburse the Collateral Agent for its reasonable
out-of-pocket expenses in connection with the execution and delivery of this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Collateral Agent. 

[Signatures on following page] 

  
 F-36 

 IN WITNESS WHEREOF, the New Subsidiary and the Collateral Agent have duly executed this
Supplement to the Security Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW SUBSIDIARY]
		
	By:	 	
		 	Name:
		 	Title:
	
	Jurisdiction of Formation:
	Address of Chief Executive Office:
	
	 CITIBANK, N.A.,
 as
Collateral Agent

		
	By:	 	
		 	Name:
		 	Title:

  
 F-37 

 SCHEDULE I 

TO SUPPLEMENTAL NO      TO THE 

SECURITY AGREEMENT 
 LOCATION OF
COLLATERAL 
  

			
	Description	  	Location

 EQUITY INTERESTS 
  

									
	 Issuer
	  	Number of
Certificate	  	Registered
Owner	  	Number and
Class of
Equity Interests	  	Percentage of
Equity Interests
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

 DEBT SECURITIES 

 

									
	 Issuer
	  	Principal Amount	  	Date of Note	  	Maturity Date
		  		  		  	
		  		  		  	
		  		  		  	

  
 F-38 

 Exhibit II 

FORM OF 
 PATENT SECURITY AGREEMENT

 (SHORT-FORM) 
 PATENT
SECURITY AGREEMENT, dated as of [—] (this “Agreement”) among CBS OUTDOOR AMERICAS CAPITAL LLC, a Delaware limited liability company, located at 405 Lexington Avenue, New York, NY
10174 and CBS OUTDOOR AMERICAS CAPITAL CORPORATION, a Delaware corporation, located at 405 Lexington Avenue, New York, NY 10174 (the “Borrowers as Grantors, CBS Outdoor Americas Inc. as a Grantor, the other Grantors identified herein and
CITIBANK, N.A., as Collateral Agent for the Secured Parties. 
 Reference is made to the Security Agreement dated as of
January 31, 2014 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”), among the Borrowers, the other Grantors identified therein and who from time to
time become a party thereto and the Collateral Agent. The Secured Parties’ agreements in respect of extensions of credit to the Borrowers are set forth in the Credit Agreement dated as of January 31, 2014 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrowers, the Guarantors from time to time party thereto, Citibank, N.A., as Administrative Agent, Collateral Agent, Swing Line
Lender, and L/C Issuer, and each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”). The Grantors are affiliates of the Borrowers, will derive substantial benefits from
the extension of credit to the Borrowers pursuant to the Credit Agreement and the performance of obligations by the Hedge Banks under any Secured Hedge Agreements and Treasury Services Agreement and the undersigned Grantor are willing to execute and
deliver this Agreement in order to induce the Lenders to extend such credit and the Hedge Banks to enter in to such Secured Hedge Agreements and Treasury Services Agreements. Accordingly, the parties hereto agree as follows: 

Section 1. Terms. Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Security
Agreement. The rules of construction specified in Article I of the Credit Agreement also apply to this Agreement. 
 Section 2. Grant
of Security Interest. As security for the payment or performance, as the case may be, in full of the Obligations, including the Guarantees, each Grantor, pursuant to and subject to the limitations set forth in the Security Agreement, did and hereby
does pledge to the Collateral Agent for the benefit of the Secured Parties, and did and hereby does grant to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest in, all right, title and
interest in or to any and all of the following assets and properties now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively,
the “Patent Collateral”): 
 All letters patent of the United States, all registrations and recordings thereof, and all
applications for letters patent of the United States, and all reissues, re-examinations, continuations, divisions, continuations-in-part, renewals or extensions thereof, including those listed on Schedule I hereto, and the inventions or improvements
disclosed or claimed therein. 

  
 F-39 

 Section 3. Termination. This Patent Security Agreement and the security interest granted
hereby shall automatically terminate with respect to all of a Grantor’s Obligations and any Lien arising therefrom shall be automatically released upon termination of the Security Agreement or release of such Grantor’s obligations
thereunder. The Collateral Agent shall, in connection with any termination or release herein or under the Security Agreement, execute and deliver to any Grantor as such Grantor may request, an instrument in writing releasing the security interest in
the Patent Collateral acquired under this Agreement. Additionally, upon such termination or release, the Collateral Agent shall reasonably cooperate with any efforts made by a Grantor to make of record or otherwise confirm such satisfaction
including, but not limited to, the release and/or termination of this Agreement and any security interest in, to or under the Patent Collateral. 

Section 4. Supplement to the Security Agreement. The security interests granted to the Collateral Agent herein are granted in
furtherance, and not in limitation of, the security interests granted to the Collateral Agent pursuant to the Security Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect to the
Patent Collateral are more fully set forth in the Security Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein. In the event of any conflict between the terms of this Agreement and
the Security Agreement, the terms of the Security Agreement shall govern. 
 Section 5. Governing Law. The terms of
Section 10.15 of the Credit Agreement with respect to governing law are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to such terms. 

Section 6. Intercreditor Agreement Governs. Notwithstanding anything herein to the contrary, (i) the liens and security interests
granted to the Collateral Agent pursuant to this Agreement are expressly subject to the Intercreditor Agreement and (ii) the exercise of any right or remedy by the Collateral Agent hereunder is subject to the limitations and provisions of the
Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Agreement, the terms of the Intercreditor Agreement shall govern. 

[Signatures on following page] 

  
 F-40 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year
first above written. 
  

			
	CBS OUTDOOR AMERICAS CAPITAL LLC
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS CAPITAL CORPORATION
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTDOOR GROUP LLC
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	OUTDOOR INC.
		
	By:	 	  

		
		 	Name:
		 	Title:

  
 F-41 

Signature Page for Patent Security Agreement 

 
			
	CBS OUTDOOR LLC
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTDOOR LA INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTERNET INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS COLLEGIATE SPORTS PROPERTIES INC.
		
	By:	 	  

		
		 	Name:
		 	Title:

  
 F-42 

Signature Page for Patent Security Agreement 

 
			
	CITIBANK, N.A.,
	as Collateral Agent
		
	By:	 	
		 	Name:
		 	Title:

  
 F-43 

Signature Page for Patent Security Agreement 

 Schedule I 

Short Particulars of U.S. Patent Collateral 

  
 F-44 

 Exhibit III 

FORM OF 
 TRADEMARK SECURITY
AGREEMENT 
 (SHORT-FORM) 

TRADEMARK SECURITY AGREEMENT, dated as of [—] (this “Agreement”) among
CBS OUTDOOR AMERICAS CAPITAL LLC, a Delaware limited liability company, located at 405 Lexington Avenue, New York, NY 10174 and CBS OUTDOOR AMERICAS CAPITAL CORPORATION, a Delaware corporation, located at 405 Lexington Avenue, New York, NY 10174
(the “Borrowers”) as Grantors, CBS Outdoor Americas Inc. as a Grantor, the other Grantors identified herein and CITIBANK, N.A., as Collateral Agent for the Secured Parties. 

Reference is made to the Security Agreement dated as of January 31, 2014 (as amended, supplemented or otherwise modified from time to
time, the “Security Agreement”), among the Borrower, the other Grantors identified therein and who from time to time become a party thereto and the Collateral Agent. The Secured Parties’ agreements in respect of extensions of
credit to the Borrowers are set forth in the Credit Agreement dated as of January 31, 2014 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrowers, the Guarantors from
time to time party thereto, Citibank, N.A., as Administrative Agent, Collateral Agent, Swing Line Lender, and L/C Issuer, and each lender from time to time party thereto (collectively, the “Lenders” and individually, a
“Lender”). The Grantors are affiliates of the Borrowers, will derive substantial benefits from the extension of credit to the Borrowers pursuant to the Credit Agreement and the performance of obligations by the Hedge Banks under any
Secured Hedge Agreements and Treasury Services Agreement and the undersigned Grantor are willing to execute and deliver this Agreement in order to induce the Lenders to extend such credit and the Hedge Banks to enter in to such Secured Hedge
Agreements and Treasury Services Agreements. Accordingly, the parties hereto agree as follows: 
 Section 1. Terms. Capitalized terms
used in this Agreement and not otherwise defined herein have the meanings specified in the Security Agreement. The rules of construction specified in Article I of the Credit Agreement also apply to this Agreement. 

  
 F-45 

 Section 2. Grant of Security Interest. As security for the payment or performance, as the
case may be, in full of the Obligations, including the Guarantees, each Grantor, pursuant to and subject to the limitations set forth in the Security Agreement, did and hereby does pledge to the Collateral Agent for the benefit of the Secured
Parties, and did and hereby does grant to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest in, all right, title and interest in or to any and all of the following assets and properties now
owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Trademark Collateral”): 

(a) all trademarks, service marks, trade names, corporate names, trade dress, logos, designs, fictitious business names and other source or
business identifiers protected under the laws of the United States or any state or political subdivision thereof, all registrations and recordings thereof, all registration and recording applications filed in connection therewith in the USPTO, and
all renewals thereof, as well as any unregistered trademarks and service marks used by a Grantor, including those listed on Schedule I hereto, and (b) all goodwill connected with the use thereof and symbolized thereby; provided that the
grant of security interest shall not include any “intent-to-use” trademark applications prior to the filing and acceptance of a “Statement of Use” pursuant to Section 1(d) of the Lanham Act or an
“Amendment to Allege Use” pursuant to Section 1(c) of the Lanham Act with respect thereto. 
 Section 3.
Termination. This Trademark Security Agreement and the security interest granted hereby shall automatically terminate with respect to all of a Grantor’s Obligations and any Lien arising therefrom shall be automatically released upon termination
of the Security Agreement or release of such Grantor’s obligations thereunder. The Collateral Agent shall, in connection with any termination or release herein or under the Security Agreement, execute and deliver to any Grantor as such Grantor
may request, an instrument in writing releasing the security interest in the Trademark Collateral acquired under this Agreement. Additionally, upon such termination or release, the Collateral Agent shall reasonably cooperate with any efforts made by
a Grantor to make of record or otherwise confirm such satisfaction including, but not limited to, the release and/or termination of this Agreement and any security interest in, to or under the Trademark Collateral. 

Section 4. Supplement to the Security Agreement. The security interests granted to the Collateral Agent herein are granted in
furtherance, and not in limitation of, the security interests granted to the Collateral Agent pursuant to the Security Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect to the
Trademark Collateral are more fully set forth in the Security Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein. In the event of any conflict between the terms of this Agreement and
the Security Agreement, the terms of the Security Agreement shall govern. 
 Section 5. Governing Law. The terms of
Section 10.15 of the Credit Agreement with respect to governing law are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to such terms. 

Section 6. Intercreditor Agreement Governs. Notwithstanding anything herein to the contrary, (i) the liens and security interests
granted to the Collateral Agent pursuant to this Agreement are expressly subject to the Intercreditor Agreement and (ii) the exercise of any right or remedy by the Collateral Agent hereunder is subject to the limitations and provisions of the
Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Agreement, the terms of the Intercreditor Agreement shall govern. 

  
 F-46 

 [Signatures on following page] 

  
 F-47 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year
first above written. 
  

			
	CBS OUTDOOR AMERICAS CAPITAL LLC
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS CAPITAL CORPORATION
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTDOOR GROUP LLC
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	OUTDOOR INC.
		
	By:	 	  

		
		 	Name:
		 	Title:

  
 F-48 

Signature Page for Trademark Security Agreement 

 
			
	CBS OUTDOOR LLC
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTDOOR LA INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTERNET INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS COLLEGIATE SPORTS PROPERTIES INC.
		
	By:	 	  

		
		 	Name:
		 	Title:

  
 F-49 

Signature Page for Trademark Security Agreement 

 
			
	CITIBANK, N.A.,
	as Collateral Agent
		
	By:	 	
		 	Name:
		 	Title:

  
 F-50 

Signature Page for Trademark Security Agreement 

 Schedule I to 

Trademark Security Agreement Supplement 

UNITED STATES Trademarks, Service Marks and Trademark Applications 

 

							
	 Grantor
	  	 Trademark or Service

Mark
	  	 Date Granted
	  	 Registration No. and
Jurisdiction

		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

  

							
	 Grantor
	  	 Trademark or Service

Mark Application
	  	 Date Filed
	  	 Application No. and
Jurisdiction

		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

  
 F-51 

 Exhibit IV 

FORM OF 
 COPYRIGHT SECURITY
AGREEMENT 
 (SHORT-FORM) 

COPYRIGHT SECURITY AGREEMENT, dated as of [—] (this “Agreement”) among
CBS OUTDOOR AMERICAS CAPITAL LLC, a Delaware limited liability company, located at 405 Lexington Avenue, New York, NY 10174 and CBS OUTDOOR AMERICAS CAPITAL CORPORATION, a Delaware corporation, located at 405 Lexington Avenue, New York, NY 10174
(the “Borrowers”) as Grantors, CBS OUTDOOR AMERICAS INC. as a Grantor, the other Grantors identified herein and CITIBANK, N.A., as Collateral Agent for the Secured Parties. 

Reference is made to the Security Agreement, dated as of January 31, 2014 (as amended, supplemented or otherwise modified from time to
time, the “Security Agreement”), among the Borrowers, the other Grantors identified therein and who from time to time become a party thereto and the Collateral Agent. The Secured Parties’ agreements in respect of extensions of
credit to the Borrowers are set forth in the Credit Agreement dated as of January 31, 2014 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrowers, the Guarantors from
time to time party thereto, Citibank, N.A., as Administrative Agent, Collateral Agent, Swing Line Lender, and L/C Issuer, and each lender from time to time party thereto (collectively, the “Lenders” and individually, a
“Lender”). The Grantors are affiliates of the Borrowers, will derive substantial benefits from the extension of credit to the Borrowers pursuant to the Credit Agreement and the performance of obligations by the Hedge Banks under any
Secured Hedge Agreements and Treasury Services Agreement and the undersigned Grantor are willing to execute and deliver this Agreement in order to induce the Lenders to extend such credit and the Hedge Banks to enter in to such Secured Hedge
Agreements and Treasury Services Agreements. Accordingly, the parties hereto agree as follows: 
 Section 1. Terms. Capitalized terms
used in this Agreement and not otherwise defined herein have the meanings specified in the Security Agreement. The rules of construction specified in Article I of the Credit Agreement also apply to this Agreement. 

Section 2. Grant of Security Interest. As security for the payment or performance, as the case may be, in full of the Obligations,
including the Guarantees, each Grantor, pursuant to and subject to the limitations set forth in the Security Agreement, did and hereby does pledge to the Collateral Agent for the benefit of the Secured Parties, and did and hereby does grant to the
Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest in, all right, title and interest in or to any and all of the following assets and properties now owned or at any time hereafter acquired by
such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Copyright Collateral”): 

(a) all copyright rights in any work subject to and under the copyright laws of the United States, whether as author, assignee, transferee,
exclusive licensee or otherwise, and (b) all registrations and applications for registration of any such copyright in the United States, including registrations, recordings, supplemental registrations and pending applications for registration
in the USCO, including those listed on Schedule I hereto. 

  
 F-52 

 Section 3. Termination. This Copyright Security Agreement and the security interest granted
hereby shall automatically terminate with respect to all of a Grantor’s Obligations and any Lien arising therefrom shall be automatically released upon termination of the Security Agreement or release of such Grantor’s obligations
thereunder. The Collateral Agent shall, in connection with any termination or release herein or under the Security Agreement, execute and deliver to any Grantor as such Grantor may request, an instrument in writing releasing the security interest in
the Copyright Collateral acquired under this Agreement. Additionally, upon such termination or release, the Collateral Agent shall reasonably cooperate with any efforts made by a Grantor to make of record or otherwise confirm such satisfaction
including, but not limited to, the release and/or termination of this Agreement and any security interest in, to or under the Copyright Collateral. 

Section 4. Supplement to the Security Agreement. The security interests granted to the Collateral Agent herein are granted in
furtherance, and not in limitation of, the security interests granted to the Collateral Agent pursuant to the Security Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect to the
Copyright Collateral are more fully set forth in the Security Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein. In the event of any conflict between the terms of this Agreement and
the Security Agreement, the terms of the Security Agreement shall govern. 
 Section 5. Governing Law. The terms of
Section 10.15 of the Credit Agreement with respect to governing law are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to such terms. 

Section 6. Intercreditor Agreement Governs. Notwithstanding anything herein to the contrary, (i) the liens and security interests
granted to the Collateral Agent pursuant to this Agreement are expressly subject to the Intercreditor Agreement and (ii) the exercise of any right or remedy by the Collateral Agent hereunder is subject to the limitations and provisions of the
Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Agreement, the terms of the Intercreditor Agreement shall govern. 

[Signatures on following page] 

  
 F-53 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year
first above written. 
  

			
	CBS OUTDOOR AMERICAS CAPITAL LLC
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS CAPITAL CORPORATION
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTDOOR GROUP LLC
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	OUTDOOR INC.
		
	By:	 	  

		
		 	Name:
		 	Title:

  
 F-54 

Signature Page for Copyright Security Agreement 

 
			
	CBS OUTDOOR LLC
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTDOOR LA INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTERNET INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS COLLEGIATE SPORTS PROPERTIES INC.
		
	By:	 	  

		
		 	Name:
		 	Title:

  
 F-55 

Signature Page for Copyright Security Agreement 

 
			
	CITIBANK, N.A.,
	as Collateral Agent
		
	By:	 	
		 	Name:
		 	Title:

  
 F-56 

Signature Page for Copyright Security Agreement 

 Schedule I 

Short Particulars of U.S. Copyright Collateral 

  
 F-57 

 EXHIBIT G-1 

[FORM OF] PERFECTION CERTIFICATE 

(See Attached) 

  
 G-1-1 

 PERFECTION CERTIFICATE 

Reference is hereby made to (a) that certain Pledge and Security Agreement, dated as of January 31, 2014 (the “Security
Agreement”), between CBS Outdoor Americas Capital LLC, a Delaware limited liability company, and CBS Outdoor Americas Capital Corporation, a Delaware corporation, as borrowers (together with their respective successors and assigns, each a
“Borrower” and, collectively, the “Borrowers”), CBS Outdoor Americas Inc., a Maryland corporation and indirect parent of the Borrowers (the “Parent”), and the other Guarantors party thereto
(collectively, and together with the Parent, the “Guarantors”) and the Collateral Agent (as hereinafter defined) and (b) that certain Credit Agreement, dated as of as of dated as of January 31, 2014 (the “Credit
Agreement”) among the Borrowers, the Guarantors, certain other parties thereto and Citibank, N.A. (“Citibank”), as Administrative Agent, Collateral Agent, the Swing Line Lender and an L/C Issuer and each lender from time to
time party hereto (collectively, the “Lenders” and individually, a “Lender”). Capitalized terms used but not defined herein have the meanings assigned in the Credit Agreement. 

As used herein, the term “Company” or “Companies” means each of the Borrowers and each Guarantor. 

The undersigned hereby certify to the Collateral Agent and the Lenders as follows: 

1. Names. 
 (a) The exact
legal name of each Company, as such name appears in its respective certificate of incorporation or equivalent organizational document, is set forth in Schedule 1(a). Each Company is (i) the type of entity disclosed next to its
name in Schedule 1(a) and (ii) a registered organization except to the extent disclosed in Schedule 1(a). Also set forth in Schedule 1(a) is the organizational identification number, if any, of each
Company that is a registered organization, the Federal Taxpayer Identification Number of each Company and the jurisdiction of organization of each Company. 

(b) Set forth in Schedule 1(b) hereto is a list of any other corporate or organizational names each Company has had in the past
five years, together with the date of the relevant change. 
 (c) Set forth in Schedule 1(c) is a list of all other names used
by each Company, or any other business or organization to which each Company became the successor by merger, consolidation, acquisition, change in form, nature or jurisdiction of organization or otherwise, on any filings with the Internal Revenue
Service at any time within the five years preceding the date hereof. Except as set forth in Schedule 1(c), no Company has changed its jurisdiction of organization at any time during the past four months. 

2. Current Locations. The chief executive office of each Company is located at the address set forth in Schedule 2
hereto. 
 3. Extraordinary Transactions. During the five year period preceding the date hereof, except as set forth in
Schedule 3 attached hereto, no Company has been the subject of any merger or other corporate reorganization. 
 4. File
Search Reports. Attached hereto as Schedule 4 is a true and accurate summary of file search reports from the Uniform Commercial Code filing offices in each jurisdiction identified in Schedule 1(a), Schedule
1(c) or Schedule 2 with respect to each legal name set forth in Schedule 1(a), Schedule 1(b) and Schedule 1(c). A true copy of each financing statement, including judgment and tax
liens, bankruptcy and pending lawsuits or other filing identified in such file search reports has been delivered to the Collateral Agent. 

 5. UCC Filings. The financing statements (duly authorized by each Company constituting the
debtor therein), including the indications of the collateral, attached as Schedule 5 relating to the Security Agreement, are in the appropriate forms for filing in the filing offices in the jurisdictions identified in Schedule
6 hereof. 
 6. Schedule of Filings. Attached hereto as Schedule 6 is a schedule of (i) the appropriate
filing offices for the financing statements attached hereto as Schedule 5 and (ii) the appropriate filing offices for the Mortgages relating to the Mortgaged Property set forth in Schedule 7. 

7. Owned Real Property. Attached hereto as Schedule 7 is a list of all (i) real property owned in fee by each
Company located in the United States and having a fair market value (determined in the good faith judgment of Parent, based on the current usage of such real property) in excess of $5 million as of the Closing Date (such real property, the
“Mortgaged Property”), (ii) common names, addresses and uses of each Mortgaged Property (stating improvements located thereon) and (iii) other information relating thereto required by such Schedule. 

8. Termination Statements. Attached hereto as Schedule 8(a) are the duly authorized termination statements in the
appropriate form for filing in each applicable jurisdiction identified in Schedule 8(b) hereto with respect to any Liens described therein. 

9. Stock Ownership and Other Equity Interests. Attached hereto as Schedule 9(a) is a true and correct list of each of all
of the authorized, and the issued and outstanding, stock, partnership interests, limited liability company membership interests or other equity interest of each Company (other than Parent) and the record owners of such stock, partnership interests,
membership interests or other equity interests setting forth the percentage of such equity interests pledged under the Security Agreement. Also set forth in Schedule 9(b) is each equity investment of each Company (other than the equity
interests set forth on Schedule 9(a)) setting forth the percentage of such equity interests pledged under the Security Agreement. 

10. Instruments and Tangible Chattel Paper. Attached hereto as Schedule 10 is a true and correct list of all promissory
notes, instruments (other than checks to be deposited in the ordinary course of business), tangible chattel paper, electronic chattel paper and other evidence of indebtedness held by each Company as of the date hereof, including all intercompany
notes between or among any two or more Companies or any of their Subsidiaries, in each case with an individual value in excess of $5 million. 

11. Intellectual Property. 

(a) Attached hereto as Schedule 11(a) is a schedule setting forth all of each Company’s Patents and Trademarks (each as
defined in the Security Agreement) applied for or registered with the United States Patent and Trademark Office (the “USPTO”), and all other Patents (each as defined in the Security Agreement), including the name of the registered
owner or applicant and the registration, application, or publication number, as applicable, of each such Patent or Trademark. 
 (b)
Attached hereto as Schedule 11(b) is a schedule setting forth all of each Company’s United States Copyrights (each as defined in the Security Agreement) registered with the United States Copyright Office (the
“USCO”), including the name of the registered owner and the registration number of each Copyright owned by each Company. 

(c) Attached hereto as Schedule 11(c) is a schedule setting forth all Patent Licenses, Trademark Licenses and Copyright Licenses
(each as defined in the Security Agreement) with respect to which any Company is the licensee with an expected licensing fee in excess of $2.5 million per annum (excluding all licenses for standard commercial software), whether or not recorded with
the USPTO or USCO, as applicable, and listing the relevant signatory parties to each license along with the date of execution thereof and, if applicable, a recordation number or other such evidence of recordation. 

  
 -2- 

 12. Commercial Tort Claims. Attached hereto as Schedule 12 is a true and
correct list of all Commercial Tort Claims (as defined in the Security Agreement) having a value in excess of $10 million held by each Company, including a brief description thereof. 

13. Insurance. Attached hereto as Schedule 13 is a true and correct list of all material insurance policies of the
Companies. 
 [The Remainder of this Page has been intentionally left blank] 

  
 -3- 

 IN WITNESS WHEREOF, we have hereunto signed this Perfection Certificate as of the first
date written above. 
  

			
	CBS OUTDOOR AMERICAS CAPITAL LLC, as a Borrower
		
	By:	 	  

		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS CAPITAL CORPORATION, as a Borrower
		
	By:	 	  

		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS INC., as Parent and a Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	CBS OUTDOOR GROUP LLC, as a Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	OUTDOOR INC, as a Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	CBS OUTDOOR LLC, as a Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	CBS OUTDOOR LA INC., as a Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	CBS OUTERNET INC., as a Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	CBS COLLEGIATE SPORTS PROPERTIES INC., as a Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  

 Schedule 1(a) 

Legal Names, Etc. 
  

											
	 Legal Name
	  	 Type of Entity
	  	 Registered
Organization

(Yes/No)
	  	 Organizational
Number (if any)
	  	 Federal Taxpayer
Identification Number
	  	 State of Formation

		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	

  

 Schedule 1(b) 

Prior Organizational Names 
  

					
	 Company/Subsidiary
	 	 Prior Name
	 	 Date of

Change

		 		 	
		 		 	
		 		 	
		 		 	

  

 Schedule 1(c) 

Changes in Corporate Identity; Other Names 
  

											
	 Company/Subsidiary
	 	 Corporate Name

of Entity
	 	 Action
	  	  Date of 

Action
	  	 State of

Formation
	  	 List of All Other
Names Used on

Any Filings with

the Internal
Revenue Service
During Past Five
Years

		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	

  

 Schedule 2 

Chief Executive Offices 
  

							
	 Company/Subsidiary
	  	 Address
	  	 County
	  	 State

		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

  

 Schedule 3 

Transactions Other Than in the Ordinary Course of Business 

 

					
	 Company/Subsidiary
	 	 Description of Transaction Including Parties
Thereto
	 	 Date of

Transaction

		 		 	
		 		 	
		 		 	

  

 Schedule 4 

File Search Reports 
  

							
	 Company/Subsidiary
	 	 Search Report dated
	 	 Prepared by
	 	 Jurisdiction

		 		 		 	
		 		 		 	
		 		 		 	

 See attached. 

  

 Schedule 5 

Copy of Financing Statements To Be Filed 

See attached. 

  

 Schedule 6 

Filings/Filing Offices 
  

							
	 Type of Filing1
	  	 Entity
	  	 Applicable Collateral

Document
	  	 Jurisdictions

		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

  

	1 	UCC-1 financing statement, mortgage, intellectual property filing or other necessary filing. 

  

 Schedule 7 

Owned Real Property 
  

							
	 Entity of Record
	  	 Common Name and Address
	  	 Purpose/Use
	  	 Improvements Located on Real Property

		  		  		  	
		  		  		  	

  

 Schedule 8(a) 

Attached hereto is a true copy of each termination statement filing duly acknowledged. 

  

 Schedule 8(b) 

Termination Statement Filings 
  

											
	 Debtor
	  	 Jurisdiction
	  	 Secured Party
	  	 Type of Collateral
	  	 UCC-1

File Date
	  	 UCC-1

File

Number

		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	

  

 Schedule 9 

(a) Equity Interests of Companies and Subsidiaries 
  

									
	Current Legal
Entities Owned	 	Record Owner	 	Certificate No.	 	No. Shares/Interest	 	Percent
Pledged
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

 (b) Other Equity Interests 

 

									
	Current Legal
Entities Owned	 	Record Owner	 	Certificate No.	 	No. Shares/Interest	 	Percent
Pledged
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  

 Schedule 10 

Instruments and Tangible Chattel Paper 
  

	1.	Promissory Notes: 

  

													
	Payee	 	Payor	 	Principal
Amount	 	Date of
Issuance	 	Interest
Rate	 	Maturity
Date	 	Pledged
[Yes/No]
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	

  

	2.	Chattel Paper: 

  

			
	 Description
	  	 Pledged

[Yes/No]

		  	
		  	
		  	

  

 Schedule 11(a) 

Patents and Trademarks 
 UNITED
STATES PATENTS: 
 Registrations: 
  

									
	 OWNER
	 	 REGISTRATION

NUMBER
	 	 DESCRIPTION
	 	 	 	 
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

 Applications: 
  

									
	 OWNER
	 	 APPLICATION

NUMBER
	 	 DESCRIPTION
	 	 	 	 
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

 OTHER PATENTS: 

Registrations: 
  

									
	 OWNER
	 	 REGISTRATION

NUMBER
	 	 COUNTRY/STATE
	 	 DESCRIPTION
	 	 
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

 Applications: 
  

									
	 OWNER
	 	 APPLICATION

NUMBER
	 	 COUNTRY/STATE
	 	 DESCRIPTION
	 	 
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  

 UNITED STATES TRADEMARKS: 

Registrations: 
  

									
	 OWNER
	 	 REGISTRATION

NUMBER
	 	 TRADEMARK
	 	 	 	 
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

 Applications: 
  

									
	 OWNER
	 	 APPLICATION

NUMBER
	 	 TRADEMARK
	 	 	 	 
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

 OTHER TRADEMARKS: 

Registrations: 
  

									
	 OWNER
	 	 REGISTRATION

NUMBER
	 	 COUNTRY/STATE
	 	 TRADEMARK
	 	 
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

 Applications: 
  

									
	 OWNER
	 	 APPLICATION

NUMBER
	 	 COUNTRY/STATE
	 	 TRADEMARK
	 	 
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  

 Schedule 11(b) 

Copyrights 
 UNITED STATES COPYRIGHTS 

Registrations: 
  

							
	 OWNER
	 	 TITLE
	 	 REGISTRATION NUMBER
	 	 
		 		 		 	
		 		 		 	
		 		 		 	

 Applications: 
  

							
	 OWNER
	 	 APPLICATION NUMBER
	 	 	 	 
		 		 		 	
		 		 		 	
		 		 		 	

  

 Schedule 11(c) 

Intellectual Property Licenses 

Patent Licenses: 
  

									
	 LICENSEE
	 	 LICENSOR
	 	 COUNTRY/STATE
	 	 REGISTRATION/
 APPLICATION

NUMBER
	 	 DESCRIPTION

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

 Trademark Licenses 
  

									
	 LICENSEE
	 	 LICENSOR
	 	 COUNTRY/STATE
	 	 REGISTRATION/
 APPLICATION

NUMBER
	 	 TRADEMARK

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

 Copyright Licenses: 
  

									
	 LICENSEE
	 	 LICENSOR
	 	 COUNTRY/STATE
	 	 REGISTRATION/
 APPLICATION

NUMBER
	 	 DESCRIPTION

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  

 Schedule 12 

Commercial Tort Claims 
  

			
	 Description
	  	 Pledged

[Yes/No]

		  	
		  	
		  	

  

 Schedule 13 

Insurance 

  

 EXHIBIT G-2 

[FORM OF] PERFECTION CERTIFICATE SUPPLEMENT 

This Perfection Certificate Supplement, dated as of [—] is delivered pursuant to
Section 6.02(c) of that certain Credit Agreement dated as of January 31, 2014 (the “Credit Agreement”) among CBS Outdoor Americas Capital LLC and CBS Outdoor Americas Capital Corporation, the Guarantors, the lenders
and other parties thereto from time to time and CITIBANK, N.A., as Collateral Agent (in such capacity, the “Collateral Agent”). Capitalized terms used but not defined herein have the meanings assigned in the Credit Agreement. As
used herein, the term “Companies” means the Borrowers and each Guarantor. 
 The undersigned hereby certifies (in my
capacity as [—] of Parent and not in my individual capacity) to the Collateral Agent and each of the other Secured Parties that, as of the date hereof, there has been no change in the information
described in the Perfection Certificate delivered on the Closing Date (as supplemented by any perfection certificate supplements delivered prior to the date hereof, the “Prior Perfection Certificate”), other than as follows: 

[The Remainder of this Page has been intentionally left blank] 

  
 G-2-1 

 IN WITNESS WHEREOF, the undersigned has hereunto signed this Perfection Certificate
Supplement as of the date first written above. 
  

			
	CBS OUTDOOR AMERICAS INC., as Parent
		
	By:	 	  

		 	Name:
		 	Title:

  
 G-2-2 

 EXHIBIT H 

[FORM OF] INTERCOMPANY NOTE 
 THIS NOTE HAS
BEEN PLEDGED AS COLLATERAL PURSUANT TO THE SECURITY AGREEMENT DESCRIBED BELOW, AND IS SUBORDINATED AS DESCRIBED. 
 GLOBAL INTERCOMPANY
NOTE 
 New York, New York 

January 31, 2014 
 FOR VALUE
RECEIVED, each of the undersigned, to the extent a borrower from time to time from any other Person listed on the signature page hereto (each, in such capacity, a “Payor”), hereby promises to pay on demand to the order of such other
Person listed on the signature page hereto (each, in such capacity, a “Payee”), in lawful money of the United States of America, or in such other currency as agreed to by such Payor and such Payee, in immediately available funds, at
such location as such Payee shall from time to time designate, the unpaid principal amount of all Indebtedness owed by such Payor to such Payee. Each Payor promises also to pay interest on the unpaid principal amount of all such loans and advances
in like money at said location from the date such Indebtedness was incurred until it is paid at such rate per annum as shall be agreed upon from time to time by such Payor and such Payee. 

Pursuant to, and in accordance with, the terms of that certain Security Agreement, dated as of January 31, 2014 (as amended, restated,
amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”), among CBS Outdoor Americas Capital LLC and CBS Outdoor Americas Capital Corporation (the “Borrowers”), the other
grantors party thereto from time to time (together with the Borrowers, the “Loan Parties”) and Citibank, N.A., as collateral agent, this Note and all payments in respect hereof (other than, in each case, such as may arise from
ordinary course intercompany cash management obligations) has been pledged by the Loan Parties as collateral for the obligations of each Payee under that certain Credit Agreement, dated as of January 31, 2014 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrowers, the other Loan Parties party thereto from time to time, the lenders and other parties thereto from time to time and
Citibank, N.A., as Administrative Agent, and the remaining Obligations. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

Each Payor agrees, and each Payee by accepting this Note agrees, that the indebtedness of any Loan Party to any Payee other than a Loan Party
(other than such as may arise from ordinary course intercompany cash management obligations) evidenced by this Note is subordinated in right of payment to the Obligations of each Payor and the Senior Notes and guarantees of the Senior Notes (the
“Senior Debt”) and that the subordination is for the benefit 

  
 H-1 

 
of and enforceable by the holders of such Senior Debt. This Note shall rank senior in right of payment to all existing and future indebtedness of the Payor that is by its terms subordinated in
right of payment to the indebtedness evidenced by this Note (such subordinated indebtedness, “Subordinated Debt”). Only indebtedness of the Payor to which this Note is expressly subordinated in right of payment (the “Senior
Debt”) shall rank senior to this Note in right of payment. This Note shall rank pari passu in right of payment with all existing and future indebtedness of the Payor that does not constitute either Senior Debt or Subordinated Debt.

 Each Payor hereby acknowledges and agrees, and each Payee by accepting this Note acknowledges and agrees, that Collateral Agent may,
pursuant to the Security Agreement, exercise all rights provided therein with respect to the rights of each Loan Party in this Note and that the rights of each Loan Party in this Note remain subject to the provisions of the Credit Agreement and the
Security Agreement until they are terminated in accordance with their terms. 
 Upon execution and delivery after the date hereof by any
Subsidiary of CBS Outdoor Americas Inc. of a counterpart signature page hereto, such Subsidiary shall become a party hereto with the same force and effect as if originally named as a party hereto. The rights and obligations of each Payor and Payee
hereunder shall remain in full force and effect notwithstanding the addition of any new Payor or Payee as a party to this Agreement. This Note shall be fully effective as to any Payor or Payee that is or becomes a party hereto regardless of whether
any other Person becomes or fails to become or ceases to be a Payor or Payee hereunder. 
 Each Payee is hereby authorized to record all
loans and advances made by it to any Payor (all of which shall be evidenced by this Note), and all repayments or prepayments thereof, in its books and records, such books and records constituting prima facie evidence of the accuracy of the
information contained therein. All payments under this Note shall be made without offset, counterclaim or deduction of any kind. 
 Each
Payor hereby waives diligence, presentment, demand, protest or notice of any kind whatsoever in connection with this Note. This Note is intended by each Payor and each Payee as a final expression of this Note and as a complete and exclusive
statement of its terms, there being no conditions to the enforceability of this Note. 
 No amendment, modification or waiver of, or consent
with respect to, any provisions of this Note shall be effective unless the same shall be in writing and signed and delivered by each Payor and Payee whose rights or obligations shall be affected thereby. 

This Note shall be binding upon each Payor and its successors and assigns, and the terms and provisions of this Note shall inure to the
benefit of each Payee and its successors and assigns, including subsequent holders hereof. 

  
 H-2 

 EXHIBIT H 

THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY CONFLICTS OF
LAWS PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 [To be signed by Parent and all Restricted
Subsidiaries] 

  
 H-3 

 EXHIBIT H 

NOTE POWER 
 FOR VALUE RECEIVED,
each of the undersigned hereby does sell, transfer and assign unto                      all of its right, title and interest in that certain Global
Intercompany Note, dated as of January     , 2014 (the “Note”), and does hereby irrevocably constitute and appoint
                     attorney to transfer the Note with full power of substitution in the premises. 

 

			
	Dated:	 	  

 [To be signed by all Loan Parties] 

  
 H-4 

 EXHIBIT I-1 

[FORM OF] 
 FIRST LIEN
INTERCREDITOR AGREEMENT 
 dated as of 

[—], 20[—] 

among 
 CBS OUTDOOR AMERICAS
CAPITAL LLC, 
 CBS OUTDOOR AMERICAS CAPITAL CORPORATION, 

CBS OUTDOOR AMERICAS INC. 
 AND THE
OTHER GRANTORS PARTY HERETO FROM TIME TO TIME 
 CITIBANK, N.A., 

as General Credit Facilities Collateral Agent 

and Authorized Representative for the General Credit Facilities 

Secured Parties, 
 [—] 
 and 

each Additional Authorized Representative from time to time party 

hereto 

  
 I-1-1 

 FIRST LIEN INTERCREDITOR AGREEMENT (as amended or supplemented from time to time, this
“Agreement”) dated as of [—], 20[—], among CBS OUTDOOR AMERICAS CAPITAL LLC, a Delaware limited liability company, as a Grantor
(as such term is defined below), and CBS OUTDOOR AMERICAS CAPITAL CORPORATION, a Delaware corporation, as a Grantor, CBS OUTDOOR AMERICAS INC. (the “Company”), as Grantor, the other Grantors party hereto, CITIBANK, N.A., as
administrative agent and collateral agent for the General Credit Facilities Secured Parties (as defined below) (in such capacity and together with its successors in such capacity, the “General Credit Facilities Collateral Agent”)
and as Authorized Representative for the General Credit Facilities Secured Parties, [—] as [trustee] [agent] and collateral agent for the Initial Additional First Lien Secured Parties (in such
capacity and together with its successors in such capacity, the “Initial Additional Authorized Representative”) and as Authorized Representative for the Initial Additional First Lien Secured Parties, and each additional Authorized
Representative from time to time party hereto for the Additional First Lien Secured Parties of the Series with respect to which it is acting in such capacity. 

In consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the General Credit Facilities Collateral Agent (for itself and on behalf of the General Credit Facilities Secured Parties), the Initial Additional Authorized Representative (for itself and on behalf of the Initial Additional
First Lien Secured Parties) and each additional Authorized Representative (for itself and on behalf of the Additional First Lien Secured Parties of the applicable Series) agree as follows: 

ARTICLE I 
 Definitions 

SECTION 1.01 Construction; Certain Defined Terms. 

(a) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase
“without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise, (i) any definition of or reference to
any agreement, instrument, other document, statute or regulation herein shall be construed as referring to such agreement, instrument, other document, statute or regulation as from time to time amended, supplemented or otherwise modified,
(ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, but shall not be deemed to include the subsidiaries of such Person unless express reference is made to such subsidiaries,
(iii) the words “herein”, “hereof and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof,
(iv) all references herein to Articles, Sections and Annexes shall be construed to refer to Articles, Sections and Annexes of this Agreement, (v) unless otherwise expressly qualified herein, the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights and (vi) the term
“or” is not exclusive. 

  
 I-1-2 

 (b) Without limiting the provisions of Section 2.03, it is the intention of the
First Lien Secured Parties of each Series that the holders of First Lien Obligations of such Series (and not the First Lien Secured Parties of any other Series) bear the risk of (i) any determination by a court of competent jurisdiction that
(x) any of the First Lien Obligations of such Series are unenforceable under applicable law or are subordinated to any other obligations (other than another Series of First Lien Obligations), (y) any of the First Lien Obligations of such
Series do not have an enforceable security interest in any of the Collateral securing any other Series of First Lien Obligations and/or (z) any intervening security interest exists securing any other obligations (other than another Series of
First Lien Obligations) on a basis ranking prior to the security interest of such Series of First Lien Obligations but junior to the security interest of any other Series of First Lien Obligations or (ii) the existence of any Collateral for any
other Series of First Lien Obligations that is not Shared Collateral (any such condition referred to in the foregoing clauses (i) or (ii) with respect to any Series of First Lien Obligations, an “Impairment”
of such Series); provided that the existence of a maximum claim with respect to any real property subject to a mortgage which applies to all First Lien Obligations shall not be deemed to be an Impairment of any Series of First Lien
Obligations. In the event of any Impairment with respect to any Series of First Lien Obligations, the results of such Impairment shall be borne solely by the holders of such Series of First Lien Obligations, and the rights of the holders of such
Series of First Lien Obligations (including, without limitation, the right to receive distributions in respect of such Series of First Lien Obligations pursuant to Section 2.01) set forth herein shall be modified to the extent necessary
so that the effects of such Impairment are borne solely by the holders of the Series of such First Lien Obligations subject to such Impairment. Additionally, in the event the First Lien Obligations of any Series are modified pursuant to applicable
law (including, without limitation, pursuant to Section 1129 of the Bankruptcy Code), any reference to such First Lien Obligations or the First Lien Security Documents governing such First Lien Obligations shall refer to such obligations or
such documents as so modified. 
 (c) Capitalized terms used and not otherwise defined herein shall have the meanings set forth in the
General Credit Facilities Credit Agreement. As used in this Agreement, the following terms have the meanings specified below: 

“Additional Authorized Representative” shall have the meaning assigned to such term in Section 6.01(b). 

“Additional First Lien Agreement” shall mean any indenture, note, credit agreement or other agreement under which Additional
First Lien Obligations of any Series are issued or incurred and any other instrument, agreement or other document evidencing or governing Additional First Lien Obligations of such Series or providing any guarantee, Lien or other right in respect
thereof. 
 “Additional First Lien Collateral Agent” shall mean any collateral agent or other party holding Liens with
respect to Shared Collateral securing any Additional First Lien Obligations. 

  
 I-1-3 

 “Additional First Lien Obligations” shall mean all obligations of the Company
and the other Grantors that shall have been designated as such pursuant to Article VI. 
 “Additional First Lien Secured
Parties” shall mean the holders of any Additional First Lien Obligations and any Additional First Lien Collateral Agent or Authorized Representative with respect thereto. 

“Affiliate” of any specified Person, means any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and
“under common control with”), as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership
of voting securities, by agreement or otherwise. 
 “Agreement” shall have the meaning assigned to such term in the
introductory paragraph of this Agreement. 
 “Applicable Authorized Representative” shall mean, with respect to any Shared
Collateral, (i) until the earlier of (x) the Discharge of General Credit Facilities Obligations and (y) a Non-Controlling Authorized Representative Enforcement Date, the General Credit Facilities Collateral Agent, (ii) from and
after the Discharge of General Credit Facilities Obligations (to the extent no Non-Controlling Authorized Representative Enforcement Date has occurred) and (iii) from and after a Non-Controlling Authorized Representative Enforcement Date, the
Authorized Representative in respect of the Series of Initial Additional First Lien Obligations or Additional First Lien Obligations that such Non-Controlling Authorized Representative Enforcement Date; provided that if there shall occur one
or more Non-Controlling Authorized Representative Enforcement Dates, the Applicable Authorized Representative shall be the Authorized Representative that is the Non-Controlling Authorized Representative in respect of the Series of Initial Additional
First Lien Obligations or Additional First Lien Obligations that constitutes the largest outstanding principal amount of any then outstanding Series of Initial Additional First Lien Obligations or Additional First Lien Obligations with respect to
which a Non-Controlling Authorized Representative Enforcement Date has occurred; provided, however, that if there are two such Series of Initial Additional First Lien Obligations or Additional First Lien Obligations which have an equal
outstanding principal amount, the Series of Initial Additional First Lien Obligations or Additional First Lien Obligations with the earlier maturity date shall be considered to have the larger outstanding principal amount for purposes of this
definition. 
 “Authorized Representative” shall mean (i) in the case of any General Credit Facilities Obligations or
the General Credit Facilities Secured Parties, the General Credit Facilities Collateral Agent, (ii) in the case of the Initial Additional First Lien Obligations or the Initial Additional First Lien Secured Parties, the Initial Additional
Authorized Representative and (iii) in the case of any Series of Additional First Lien Obligations or Additional First Lien Secured Parties that become subject to this Agreement after the date hereof, the Authorized Representative named for
such Series in the applicable Joinder Agreement. 

  
 I-1-4 

 “Bankruptcy Case” shall have the meaning assigned to such term in
Section 2.05(b). 
 “Bankruptcy Code” shall mean Title 11 of the United States Code, as amended. 

“Bankruptcy Law” shall mean the Bankruptcy Code and any similar Federal, state or foreign law for the relief of debtors. 

“Collateral” shall mean all assets subject to Liens created pursuant to any First Lien Security Document to secure one or
more Series of First Lien Obligations. 
 “Company” shall have the meaning assigned to such term in the introductory
paragraph of this Agreement. 
 “Control Collateral” shall mean any Shared Collateral in the possession of, or controlled
by, an Authorized Representative (or its agents or bailees), to the extent that possession or control thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Control Collateral includes, without limitation, any
Certificated Securities, Promissory Notes, Instruments, Investment Property, Deposit Accounts and Chattel Paper, in each case, delivered to, in the possession of, or controlled by, an Authorized Representative under the terms of the First Lien
Security Documents. All capitalized terms used in this definition and not defined elsewhere in this Agreement have the meanings assigned to them in the New York UCC. 

“Controlling Secured Parties” shall mean, with respect to any Shared Collateral, the Series of First Lien Secured Parties
whose Authorized Representative is the Applicable Authorized Representative for such Shared Collateral. 
 “Default” shall
mean a “Default” (or similar defined term) as defined in any Secured Credit Document. 
 “DIP Financing”
shall have the meaning assigned to such term in Section 2.05(b). 
 “DIP Financing Liens” shall have the
meaning assigned to such term in Section 2.05(b). 
 “DIP Lenders” shall have the meaning assigned to such term
in Section 2.05(b). 
 “Discharge” shall mean, with respect to any Shared Collateral and any Series of First
Lien Obligations, the date on which such Series of First Lien Obligations is no longer secured by such Shared Collateral. The term “Discharged” shall have a corresponding meaning. 

“Discharge of General Credit Facilities Obligations” shall mean the Discharge of the General Credit Facilities Obligations
with respect to all Shared Collateral; provided that the Discharge of General Credit Facilities Obligations shall not be deemed to have occurred in connection with a Refinancing of such General Credit Facilities Obligations with additional
First Lien Obligations secured by such Shared Collateral under an Additional First Lien Agreement which has been designated in writing by the Authorized Representative (under the General Credit Facilities Credit Agreement so Refinanced) to the
Applicable Authorized Representative and each other Authorized Representative as the “General Credit Facilities Credit Agreement” for purposes of this Agreement. 

  
 I-1-5 

 “Disposition” shall have the meaning assigned to such term in
Section 2.04(b). 
 “Event of Default” shall mean an “Event of Default” (or similar defined
term) as defined in any Secured Credit Document. 
 “First Lien Obligations” shall mean, collectively, (i) the General
Credit Facilities Obligations, (ii) the Initial Additional First Lien Obligations and (iii) any Series of Additional First Lien Obligations. 

“First Lien Secured Parties” shall mean, collectively, (i) the General Credit Facilities Secured Parties, (ii) the
Initial Additional First Lien Secured Parties, and (iii) any Additional First Lien Secured Parties. 
 “First Lien Security
Documents” shall mean each Security Agreement and any other agreement, document or instrument pursuant to which a Lien is granted or purported to be granted securing First Lien Obligations or under which rights or remedies with respect to
such Liens are governed. 
 “General Credit Facilities Collateral Agent” shall have the meaning assigned to such term in
the introductory paragraph of this Agreement. 
 “General Credit Facilities Credit Agreement” shall mean that certain
Credit Agreement, dated as of January 31, 2014, as amended, restated, extended, modified, Refinanced, replaced and/or supplemented from time to time, among CBS Outdoor Americas Capital LLC, a Delaware limited liability company, the Company, the
other Grantors party thereto, the lenders from time to time party thereto, the General Credit Facilities Collateral Agent and the other parties thereto. 

“General Credit Facilities Obligations” shall mean the “Obligations” as defined in the General Credit
Facilities Security Agreement. 
 “General Credit Facilities Secured Parties” shall mean the “Secured
Parties” as defined in the General Credit Facilities Credit Agreement. 
 “General Credit Facilities Security
Agreement” shall mean that certain Security Agreement, dated as of January 31, 2014, as amended, restated, supplemented or otherwise modified from time to time, by and among the Company, the other Grantors party thereto and the General
Credit Facilities Collateral Agent. 
 “Grantors” shall mean the Company and each subsidiary or direct or indirect parent
of the Company which has granted a security interest pursuant to any First Lien Security Document to secure any Series of First Lien Obligations. 

“Impairment” shall have the meaning assigned to such term in Section 1.01(b). 

“Initial Additional Authorized Representative” shall have the meaning assigned to such term in the introductory paragraph to
this Agreement. 

  
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 “Initial Additional First Lien Agreements” shall mean the [Indenture] [Other
Agreement], dated as of [—], 20[—] and as amended, restated, Refinanced, supplemented or otherwise modified from time to time, among the Company,
the other Grantors party thereto and the Initial Additional Authorized Representative, and any other instrument, agreement or other document evidencing or governing obligations of the Company and the Grantors thereunder or providing any guarantee,
Lien or other right in respect thereof. 
 “Initial Additional First Lien Obligations” shall mean the [“Notes
Obligations”] as defined in the Initial Additional First Lien Agreements. 
 “Initial Additional First Lien Secured
Parties” shall mean the holders of any Initial Additional First Lien Obligations and the Initial Additional Authorized Representative. 

“Initial Additional First Lien Security Agreement” shall mean that certain Security Agreement, dated as of the date hereof,
as amended, restated, supplemented or otherwise modified from time to time, by and among the Company, the other Grantors party thereto and the Initial Additional Authorized Representative. 

“Insolvency or Liquidation Proceeding” shall mean: 

(1) any case commenced by or against the Company or any other Grantor under any Bankruptcy Law, any other proceeding for the reorganization,
recapitalization or adjustment or marshalling of the assets or liabilities of the Company or any other Grantor, any receivership or assignment for the benefit of creditors relating to the Company or any other Grantor or any similar case or
proceeding relative to the Company or any other Grantor or its creditors, as such, in each case whether or not voluntary; 
 (2) any
liquidation, dissolution, marshalling of assets or liabilities or other winding up of or relating to the Company or any other Grantor, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency; or 

(3) any other proceeding of any type or nature in which substantially all claims of creditors of the Company or any other Grantor are
determined and any payment or distribution is or may be made on account of such claims. 
 “Intervening Creditor” shall
have the meaning assigned to such term in Section 2.01(a). 
 “Joinder Agreement” shall mean a completed
supplement to this Agreement substantially in the form of Exhibit A hereto. 
 “Lien” shall mean, with respect to any
asset, any mortgage, lien (statutory or otherwise), pledge, hypothecation, charge, security interest, preference, priority or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable
law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the
Uniform Commercial Code (or equivalent statutes) of any jurisdiction; provided that in no event shall an operating lease be deemed to constitute a Lien. 

  
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 “Major Non-Controlling Authorized Representative” shall mean, with respect to
any Shared Collateral, the Non-Controlling Authorized Representative of the Series of Initial Additional First Lien Obligations or Additional First Lien Obligations that constitutes the largest outstanding principal amount of any then outstanding
Series of Initial Additional First Lien Obligations or Additional First Lien Obligations with respect to such Shared Collateral; provided, however, that if there are two outstanding Series of Initial Additional First Lien Obligations
or Additional First Lien Obligations which have an equal outstanding principal amount, the Series of Initial Additional First Lien Obligations or Additional First Lien Obligations with the earlier maturity date shall be considered to have the larger
outstanding principal amount for purposes of this definition. 
 “New York UCC” shall mean the Uniform Commercial Code as
from time to time in effect in the State of New York. 
 “Non-Controlling Authorized Representative” shall mean, at any
time with respect to any Shared Collateral, any Authorized Representative that is not the Applicable Authorized Representative at such time with respect to such Shared Collateral. 

“Non-Controlling Authorized Representative Enforcement Date” shall mean, with respect to any Non-Controlling Authorized
Representative, the date which is ninety (90) days after the occurrence of both (i) an Event of Default (under and as defined in the Secured Credit Document under which such Non-Controlling Authorized Representative is the Authorized
Representative) and (ii) each other Authorized Representative’s receipt of written notice from such Non-Controlling Authorized Representative certifying that (x) an Event of Default (under and as defined in the Secured Credit Document
under which such Non-Controlling Authorized Representative is the Authorized Representative) has occurred and is continuing and (y) the First Lien Obligations of the Series with respect to which such Non-Controlling Authorized Representative is
the Authorized Representative are currently due and payable in full (whether as a result of acceleration thereof or otherwise) in accordance with the terms of the applicable Secured Credit Document under which such Non-Controlling Authorized
Representative is the Authorized Representative; provided that the Non-Controlling Authorized Representative Enforcement Date shall be stayed and shall not occur and shall be deemed not to have occurred with respect to any Shared Collateral
(1) at any time the Applicable Authorized Representative has commenced and is diligently pursuing any enforcement action with respect to such Shared Collateral or (2) at any time the Grantor which has granted a security interest in such
Shared Collateral is then a debtor under or with respect to (or otherwise subject to) any Insolvency or Liquidation Proceeding. 

“Non-Controlling Secured Parties” shall mean, with respect to any Shared Collateral, the First Lien Secured Parties which are
not Controlling Secured Parties with respect to such Shared Collateral. 
 “Proceeds” shall have the meaning assigned to
such term in Section 2.01(a). 
 “Refinance” shall mean, in respect of any indebtedness, to refinance, extend,
renew, defease, amend, increase, modify, supplement, restructure, refund, replace, restate or repay, or to issue other indebtedness or enter into one or more alternative financing arrangements, in 

  
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exchange or replacement for such indebtedness (in whole or in part), including by adding or replacing lenders, creditors, agents, borrowers and/or guarantors, and including in each case, but not
limited to, after the original instrument giving rise to such indebtedness has been terminated and including, in each case, through any credit agreement, indenture or other agreement. “Refinanced” and “Refinancing”
shall have correlative meanings. 
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and
the partners, directors, officers, employees, agents, trustees and advisors of such Person and of such Person’s Affiliates. 

“Secured Credit Documents” shall mean (i) the General Credit Facilities Credit Agreement and the Loan Documents (as
defined in the General Credit Facilities Credit Agreement), (ii) the Initial Additional First Lien Agreements and (iii) any Additional First Lien Agreement. 

“Security Agreements” shall mean (i) the General Credit Facilities Security Agreement, (ii) the Initial Additional
First Lien Security Agreement and (iii) any security agreement with respect to any Additional First Lien Agreement. 

“Series” shall mean (a) with respect to the First Lien Secured Parties, each of (i) the General Credit Facilities
Secured Parties (in their capacities as such), (ii) the Initial Additional First Lien Secured Parties (in their capacities as such) and (iii) any Additional First Lien Secured Parties that become subject to this Agreement after the date
hereof that are represented by a common Authorized Representative (in its capacity as such for such Additional First Lien Secured Parties) and (b) with respect to any First Lien Obligations, each of (i) the General Credit Facilities
Obligations, (ii) the Initial Additional First Lien Obligations and (iii) any Additional First Lien Obligations incurred pursuant to any Additional First Lien Agreements, which, pursuant to any Joinder Agreement, are to be represented
hereunder by a common Authorized Representative (in its capacity as such for such Additional First Lien Obligations). 
 “Shared
Collateral” shall mean, at any time, Collateral in which the holders of two or more Series of First Lien Obligations (or their respective Authorized Representatives) hold a valid and perfected security interest or Lien at such time. If more
than two Series of First Lien Obligations are outstanding at any time and the holders of less than all Series of First Lien Obligations hold a valid and perfected security interest or Lien in any Collateral at such time, then such Collateral shall
constitute Shared Collateral for those Series of First Lien Obligations that hold a valid and perfected security interest or Lien in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid
and perfected security interest or Lien in such Collateral at such time. 

  
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 ARTICLE II 

Priorities and Agreements with Respect to Shared Collateral 

SECTION 2.01 Priority of Claims. 

(a) Anything contained herein or in any of the Secured Credit Documents to the contrary notwithstanding (but subject to
Section 1.01(b) of this Agreement), if an Event of Default has occurred and is continuing, and the Applicable Authorized Representative or any First Lien Secured Party is taking action to enforce rights in respect of any Shared
Collateral, or any distribution is made in respect of any Shared Collateral in any Bankruptcy Case of any Grantor or any First Lien Secured Party receives any payment pursuant to any intercreditor agreement (other than this Agreement) with respect
to any Shared Collateral, the proceeds of any sale, collection or other liquidation of any such Shared Collateral by any First Lien Secured Party are received by the Applicable Authorized Representative or any First Lien Secured Party pursuant to
any such intercreditor agreement with respect to such Shared Collateral and proceeds of any such distribution (subject, in the case of any such distribution, to the sentence immediately following) to which the First Lien Obligations are entitled
under any intercreditor agreement (other than this Agreement) (all proceeds of any sale, collection or other liquidation of any Shared Collateral and all proceeds of any such distribution being collectively referred to as
“Proceeds”), shall be applied (i) FIRST, to the payment of all amounts owing to any Authorized Representative, as applicable (in its capacity as such) pursuant to the terms of any Secured Credit Document,
(ii) SECOND, subject to Section 1.01(b), to the payment in full of the First Lien Obligations of each Series on a ratable basis in accordance with the terms of the applicable Secured Credit Documents and (iii) THIRD, any
balance of such Proceeds remaining after the application pursuant to preceding clauses (i) and (ii), to the Grantors, their successors or assigns, or as a court of competent jurisdiction may otherwise direct. Notwithstanding the
foregoing, with respect to any Shared Collateral for which a third party (other than a First Lien Secured Party) has a lien or security interest that is junior in priority to the security interest of any Series of First Lien Obligations but senior
(as determined by appropriate legal proceedings in the case of any dispute) to the security interest of any other Series of First Lien Obligations (such third party an “Intervening Creditor”), the value of any Shared Collateral or
Proceeds which are allocated to such Intervening Creditor shall be deducted solely from the Shared Collateral or Proceeds to be applied hereunder in respect of the Series of First Lien Obligations with respect to which such Impairment exists. If,
despite the provisions of this Section 2.01(a), any First Lien Secured Party shall receive any payment or other recovery in excess of its portion of payments on account of the First Lien Obligations to which it is then entitled in
accordance with this Section 2.01(a), such First Lien Secured Party shall hold such payment or recovery in trust for the benefit of all First Lien Secured Parties holding a security interest in the Shared Collateral for distribution in
accordance with this Section 2.01(a). 
 (b) The First Lien Secured Parties hereby acknowledge that the First Lien Obligations
of any Series may, subject to the limitations set forth in this Agreement and the then effective Secured Credit Documents, be increased, extended, renewed, replaced, restated, supplemented, restructured, repaid, refunded, Refinanced or otherwise
amended or modified from time to time, all without affecting the priorities set forth in Section 2.01(a) or the provisions of this Agreement defining the relative rights of the First Lien Secured Parties of any Series. 

(c) Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing any Series of First Lien
Obligations granted on the Shared Collateral and notwithstanding any provision of the Uniform Commercial Code of any jurisdiction, or any other applicable law or the Secured Credit Documents or any defect or deficiencies in the Liens securing the
First Lien Obligations of any Series or any other 

  
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circumstance whatsoever (but, in each case, subject to Section 1.01(b) and 2.01(a)), each First Lien Secured Party hereby agrees that the Liens securing each Series of First
Lien Obligations on any Shared Collateral shall be of equal priority. 
 (d) Notwithstanding anything in this Agreement or any other First
Lien Security Documents to the contrary, Collateral consisting of cash and cash equivalents pledged to secure General Credit Facilities Obligations consisting of reimbursement obligations in respect of Letters of Credit shall be applied as specified
in the General Credit Facilities Credit Agreement and will not constitute Shared Collateral. 
 SECTION 2.02 Actions With Respect to Shared
Collateral; Prohibition on Contesting Liens. 
 (a) With respect to any Shared Collateral, (i) only the Applicable Authorized
Representative shall act or refrain from acting with respect to the Shared Collateral (including with respect to any intercreditor agreement with respect to any Shared Collateral), (ii) the Applicable Authorized Representative shall not be
required to follow any instructions with respect to such Shared Collateral (including with respect to any intercreditor agreement with respect to any Shared Collateral) from any Non-Controlling Authorized Representative (or any other First Lien
Secured Party other than the Applicable Authorized Representative) and (iii) no Non-Controlling Authorized Representative or other First Lien Secured Party (other than the Applicable Authorized Representative) shall or shall instruct the
Applicable Authorized Representative to, commence any judicial or nonjudicial foreclosure proceedings with respect to, seek to have a trustee, receiver, liquidator or similar official appointed for or over, attempt any action to take possession of,
exercise any right, remedy or power with respect to, or otherwise take any action to enforce its security interest in or realize upon, or take any other action available to it in respect of, any Shared Collateral (including with respect to any
intercreditor agreement with respect to any Shared Collateral), whether under any First Lien Security Document, applicable law or otherwise, it being agreed that only the Applicable Authorized Representative, shall be entitled to take any such
actions or exercise any such remedies with respect to Shared Collateral. Notwithstanding the equal priority of the Liens, the Applicable Authorized Representative may deal with the Shared Collateral as if such Applicable Authorized Representative
had a senior Lien on such Collateral. No Non-Controlling Authorized Representative or Non-Controlling Secured Party will contest, protest or object to any foreclosure proceeding or action brought by the Applicable Authorized Representative or
Controlling Secured Party or any other exercise by the Applicable Authorized Representative or Controlling Secured Party of any rights and remedies relating to the Shared Collateral, or to cause the Applicable Authorized Representative to do so. The
foregoing shall not be construed to limit the rights and priorities of any First Lien Secured Party, Applicable Authorized Representative or any Authorized Representative with respect to any Collateral not constituting Shared Collateral. 

SECTION 2.03 No Interference; Payment Over. 

(a) Each First Lien Secured Party (by accepting the benefits of this Agreement) agrees that (i) it will not challenge or question or
support any other Person in challenging or questioning, in any proceeding the validity or enforceability of any First Lien 

  
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Obligations of any Series or any First Lien Security Document or the validity, attachment, perfection or priority of any Lien under any First Lien Security Document or the validity or
enforceability of the priorities, rights or duties established by or other provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any First Lien Secured Party from
challenging or questioning the validity or enforceability of any First Lien Obligations constituting unmatured interest or the validity of any Lien relating thereto pursuant to Section 502(b)(2) of the Bankruptcy Code, (ii) it will not
take or cause to be taken any action the purpose or intent of which is, or could be, to interfere, hinder or delay, in any manner, whether by judicial proceedings or otherwise, any sale, transfer or other disposition of the Shared Collateral by the
Applicable Authorized Representative, (iii) except as provided in Section 2.02, it shall have no right to (A) direct the Applicable Authorized Representative or any other First Lien Secured Party to exercise, and shall not
exercise any right, remedy or power with respect to any Shared Collateral (including pursuant to any intercreditor agreement) or (B) consent to the exercise by the Applicable Authorized Representative or any other First Lien Secured Party of
any right, remedy or power with respect to any Shared Collateral, (iv) it will not institute any suit or assert in any suit, bankruptcy, insolvency or other proceeding any claim against the Applicable Authorized Representative or any other
First Lien Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise with respect to any Shared Collateral, and none of the Applicable Authorized Representative or any other First Lien Secured Party
shall be liable for any action taken or omitted to be taken by the Applicable Authorized Representative or other First Lien Secured Party with respect to any Shared Collateral in accordance with the provisions of this Agreement, (v) it will not
seek, and hereby waives any right, to have any Shared Collateral or any part thereof marshaled upon any foreclosure or other disposition of such Collateral and (vi) it will not attempt, directly or indirectly, whether by judicial proceedings or
otherwise, to challenge the enforceability of any provision of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of the Applicable Authorized Representative or any other First Lien
Secured Party to enforce this Agreement. 
 (b) Each First Lien Secured Party (by accepting the benefits of this Agreement) hereby agrees
that if it shall obtain possession of any Shared Collateral or shall realize any proceeds or payment in respect of any such Shared Collateral, pursuant to any First Lien Security Document or by the exercise of any rights available to it under
applicable law or in any Insolvency or Liquidation Proceeding or through any other exercise of remedies (including pursuant to any intercreditor agreement ), at any time prior to the Discharge of each of the First Lien Obligations, then it shall
hold such Shared Collateral, proceeds or payment in trust for the other First Lien Secured Parties having a security interest in the Shared Collateral and promptly transfer such Shared Collateral, proceeds or payment, as the case may be, to the
Applicable Authorized Representative, to be distributed by the Applicable Authorized Representative in accordance with the provisions of Section 2.01 hereof. 

SECTION 2.04 Automatic Release of Liens. 

(a) If, at any time any Shared Collateral is transferred to a third party or otherwise disposed of, in each case, in connection with any
enforcement by the Applicable Authorized Representative in accordance with the provisions of this Agreement, then (whether or not any Insolvency or Liquidation Proceeding is pending at the time) the Liens in favor of the

  
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other Authorized Representatives for the benefit of each Series of First Lien Secured Parties upon such Shared Collateral will automatically be released and discharged upon final conclusion of
any foreclosure proceeding as and when, but only to the extent, such Liens of the Applicable Authorized Representative on such Shared Collateral are released and discharged; provided that any proceeds of any Shared Collateral realized
therefrom shall be applied pursuant to Section 2.01 hereof. 
 (b) Until the Discharge of General Credit Facilities
Obligations, if in connection with any (i) sale, lease, exchange, transfer or other disposition of any Collateral by any Grantor (collectively, a “Disposition”) permitted under the terms of the General Credit Facilities Credit
Agreement (whether or not an Event of Default thereunder, and as defined therein, has occurred and is continuing) and not expressly prohibited under the terms of the other Secured Credit Documents or (ii) any agreement between the General
Credit Facilities Collateral Agent and the Company or any other Grantor to release the General Credit Facilities Collateral Agent’s Lien on any portion of the Shared Collateral or to release any Grantor from its obligations under its guaranty
of the General Credit Facilities Obligations (other than in connection with an enforcement action or other exercise of the General Credit Facilities Collateral Agent’s remedies in respect of the Shared Collateral which shall be governed by
Section 2.04(a)), the General Credit Facilities Collateral Agent, for itself or on behalf of any of the General Credit Facilities Secured Parties, releases any of its Liens on any part of the Shared Collateral, or releases any guarantor
from its obligations under its guaranty of the General Credit Facilities Obligations, then the Liens, if any, of each Non-Controlling Authorized Representative, for itself or for the benefit of any Non-Controlling Secured Parties, on such Shared
Collateral, and the obligations of such guarantor under its guaranty of the other First Lien Obligations, shall be automatically, unconditionally and simultaneously released. Each Non-Controlling Authorized Representative, for itself or on behalf of
any such Non-Controlling Secured Parties, promptly shall execute and deliver to the General Credit Facilities Collateral Agent or such Grantor such termination statements, releases and other documents and take all such further actions as the General
Credit Facilities Collateral Agent or such Grantor may reasonably request to effectively confirm such release. 
 (c) Each Authorized
Representative agrees to execute and deliver (at the sole cost and expense of the Grantors) all such authorizations and other instruments as shall reasonably be requested by the Applicable Authorized Representative to evidence and confirm any
release of Shared Collateral provided for in this Section. 
 SECTION 2.05 Certain Agreements With Respect to Bankruptcy or Insolvency
Proceedings. 
 (a) This Agreement shall continue in full force and effect notwithstanding the commencement of any proceeding under the
Bankruptcy Code or any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law by or against the Company or any of its subsidiaries. 

(b) If any Grantor shall become subject to a case (a “Bankruptcy Case”) under the Bankruptcy Code and shall, as
debtor(s)-in-possession, move for approval of financing (“DIP Financing”) to be provided by one or more lenders (the “DIP Lenders”) under Section 364 

  
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of the Bankruptcy Code or any similar provision in any Bankruptcy Law or the use of cash collateral under Section 363 of the Bankruptcy Code or any similar provision in any Bankruptcy Law,
each First Lien Secured Party (other than any Controlling Secured Party or any Authorized Representative of any Controlling Secured Party (to the extent such Controlling Secured Party is part of the majority or such greater amount referred to
below)) (by accepting the benefits of this Agreement) agrees that it will raise no objection to any such financing or to the Liens on the Shared Collateral securing the same (“DIP Financing Liens”) or to any use of cash collateral
that constitutes Shared Collateral, unless a majority in interest of the Controlling Secured Parties (or such greater amount as is necessary to take action under the applicable Loan Document or Other First Lien Documents), or an Authorized
Representative of any Controlling Secured Party, shall then oppose or object to such DIP Financing or such DIP Financing Liens or use of cash collateral (and (i) to the extent that such DIP Financing Liens are senior to the Liens on any such
Shared Collateral for the benefit of the Controlling Secured Parties, each Non-Controlling Secured Party will subordinate its Liens (other than any Liens of any First Lien Secured Parties constituting DIP Financing Liens) with respect to such Shared
Collateral on the same terms as the Liens of the Controlling Secured Parties are subordinated thereto, and (ii) to the extent that such DIP Financing Liens rank pari passu with the Liens on any such Shared Collateral granted to secure
the First Lien Obligations of the Controlling Secured Parties, each Non-Controlling Secured Party will confirm the priorities with respect to such Shared Collateral as set forth herein), in each case so long as (A) the First Lien Secured
Parties of each Series retain the benefit of their Liens on all such Shared Collateral pledged to the DIP Lenders, including proceeds thereof arising after the commencement of such proceeding, with the same priority visa-vis all the other First Lien
Secured Parties (other than any Liens of the First Lien Secured Parties constituting DIP Financing Liens) as existed prior to the commencement of the Bankruptcy Case, (B) the First Lien Secured Parties of each Series are granted Liens on any
additional collateral pledged to any First Lien Secured Parties as adequate protection or otherwise in connection with such DIP Financing or use of cash collateral, with the same priority vis-a-vis the First Lien Secured Parties as set forth in this
Agreement, (C) if any amount of such DIP Financing or cash collateral is applied to repay any of the First Lien Obligations, such amount is applied pursuant to Section 2.01(a) of this Agreement, and (D) if any First Lien
Secured Parties are granted adequate protection with respect to the First Lien Obligations subject hereto, including in the form of periodic payments, in connection with such DIP Financing or use of cash collateral, the proceeds of such adequate
protection are applied pursuant to Section 2.01(a) of this Agreement; provided that the First Lien Secured Parties of each Series shall have a right to object to the grant of a Lien to secure the DIP Financing over any Collateral
subject to Liens in favor of the First Lien Secured Parties of such Series or its Authorized Representative that shall not constitute Shared Collateral; and provided, further, that the First Lien Secured Parties receiving adequate
protection shall not object to any other First Lien Secured Party receiving adequate protection comparable to any adequate protection granted to such First Lien Secured Parties in connection with a DIP Financing or use of cash collateral. 

SECTION 2.06 Reinstatement. In the event that any of the First Lien Obligations shall be paid in full and such payment or any part thereof
shall subsequently, for whatever reason (including an order or judgment for disgorgement of a preference under Title 11 of the Bankruptcy Code, or any similar law, or the settlement of any claim in respect thereof), be required to be returned or
repaid, the terms and conditions of this Article II shall be fully applicable thereto until all such First Lien Obligations shall again have been paid in full in cash. 

  
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 SECTION 2.07 Insurance. As between the First Lien Secured Parties, the Applicable Authorized
Representative shall have the right to adjust or settle any insurance policy or claim covering or constituting Shared Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting
the Shared Collateral. 
 SECTION 2.08 Refinancings. The First Lien Obligations of any Series may, subject to the limitations set forth in
the then effective Secured Credit Documents, be Refinanced, in whole or in part, or otherwise amended or modified from time to time, in each case, without notice to, or the consent (except to the extent a consent is otherwise required to permit the
Refinancing transaction under any Secured Credit Document) of any First Lien Secured Party of any other Series, all without affecting the priorities provided for herein or the other provisions hereof; provided that the Authorized
Representative of the holders of any such Refinancing indebtedness shall have executed a Joinder Agreement on behalf of the holders of such Refinancing indebtedness. 

SECTION 2.09 Control Collateral Agent as Gratuitous Bailee for Perfection. 

(a) The Control Collateral shall be delivered to the Applicable Authorized Representative and the Applicable Authorized Representative agrees
to hold any Shared Collateral constituting Control Collateral in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee for the benefit of each other First Lien Secured Party and any assignee solely
for the purpose of perfecting the security interest granted in such Control Collateral, if any, pursuant to the applicable First Lien Security Documents, in each case, subject to the terms and conditions of this Section 2.09. Pending
delivery or transfer of control to the Applicable Authorized Representative, each other Authorized Representative agrees to hold any Shared Collateral constituting Control Collateral, from time to time in its possession or control, as gratuitous
bailee for the benefit of each other First Lien Secured Party and any assignee, solely for the purpose of perfecting the security interest granted in such Control Collateral, if any, pursuant to the applicable First Lien Security Documents, in each
case, subject to the terms and conditions of this Section 2.09. Notwithstanding the equal priority of the Liens on such Control Collateral securing First Lien Obligations, the Applicable Authorized Representative may deal with such
Collateral as if the Liens thereon in favor of the First Lien Secured Parties of any other Series do not exist; provided that the Proceeds arising therefrom shall be subject to application in accordance with Section 2.01(a)
hereof. 
 (b) The duties or responsibilities of the Applicable Authorized Representative and each other Authorized Representative under
this Section 2.09 shall be limited solely to holding any Shared Collateral constituting Control Collateral as gratuitous bailee for the benefit of each other First Lien Secured Party for purposes of perfecting the Lien held by such First
Lien Secured Parties therein. 
 SECTION 2.10 Amendments to First Lien Security Documents. 

(a) Without the prior written consent of the General Credit Facilities Collateral Agent, each other Authorized Representative agrees that no
First Lien Security Document (other than the General Credit Facilities Security Agreement or any other First Lien Security Document 

  
 I-1-15 

 
in respect of the General Credit Facilities Obligations) may be amended, supplemented or otherwise modified or entered into to the extent such amendment, supplement or modification, or the terms
of any such new First Lien Security Document (other than the General Credit Facilities Security Agreement or any other First Lien Security Document in respect of the General Credit Facilities Obligations) would be prohibited by, or would require any
Grantor to act or refrain from acting in a manner that would violate, any of the terms of this Agreement. 
 (b) Without the prior written
consent of each Authorized Representative (other than the General Credit Facilities Collateral Agent), the General Credit Facilities Collateral Agent agrees that no First Lien Security Document in respect of the General Credit Facilities Obligations
(including the General Credit Facilities Security Agreement) may be amended, supplemented or otherwise modified or entered into to the extent such amendment, supplement or modification, or the terms of any new First Lien Security Document in respect
of the General Credit Facilities Obligations (including the General Credit Facilities Security Agreement) would be prohibited by, or would require any Grantor to act or refrain from acting in a manner that would violate, any of the terms of this
Agreement. 
 (c) In determining whether an amendment to any First Lien Security Document is permitted by this Section 2.10,
each Authorized Representative may conclusively rely on an officer’s certificate of the Company stating that such amendment is permitted by this Section 2.10. 

ARTICLE III 
 Existence and
Amounts of Liens and Obligations 
 Whenever the Applicable Authorized Representative or any Authorized Representative shall be required,
in connection with the exercise of its rights or the performance of its obligations hereunder, to determine the existence or amount of any First Lien Obligations of any Series, or the Shared Collateral subject to any Lien securing the First Lien
Obligations of any Series, it may request that such information be furnished to it in writing by each other Authorized Representative and shall be entitled to make such determination on the basis of the information so furnished; provided,
however, that if an Authorized Representative shall fail or refuse reasonably promptly to provide the requested information, the requesting Authorized Representative or Authorized Representative shall be entitled to make any such
determination or not make any determination by such method as it may, in the exercise of its good faith judgment, determine, including by reliance upon a certificate of the Company. The Applicable Authorized Representative and each Authorized
Representative may rely conclusively, and shall be fully protected in so relying, on any determination made by it in accordance with the provisions of the preceding sentence (or as otherwise directed by a court of competent jurisdiction) and shall
have no liability to any Grantor, any First Lien Secured Party or any other person as a result of such determination, except as may result from such Authorized Representative’s bad faith, gross negligence or willful misconduct. 

  
 I-1-16 

 ARTICLE IV 

The Applicable Authorized Representative 

SECTION 4.01 Appointment and Authority. 

(a) Each of the First Lien Secured Parties (by accepting the benefits of this Agreement) hereby irrevocably appoints the Applicable
Authorized Representative to act on its behalf as the Applicable Authorized Representative hereunder and under each of the other First Lien Security Documents and authorizes the Applicable Authorized Representative to take such actions on its behalf
and to exercise such powers as are delegated to the Applicable Authorized Representative by the terms hereof or thereof, including for purposes of enforcing any and all Liens on Collateral granted by any Grantor to secure any of the First Lien
Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Applicable Authorized Representative and any co-agents, sub-agents and attorneys-in-fact appointed by the Applicable Authorized
Representative pursuant to Section 4.05 for purposes of enforcing any Lien on the Collateral (or any portion thereof) granted under any of the First Lien Security Documents, or for exercising any rights and remedies thereunder, shall be
entitled to the benefits of all provisions of this Article IV and any equivalent provision of any applicable First Lien Security Document (as though such co-agents, sub-agents and attorneys-in-fact were the “Collateral Agent” under
the First Lien Security Documents) as if set forth in full herein with respect thereto. 
 (b) Each Non-Controlling Secured Party
acknowledges and agrees that the Applicable Authorized Representative shall be entitled, for the benefit of the First Lien Secured Parties, to sell, transfer or otherwise dispose of or deal with any Shared Collateral as provided herein and in the
First Lien Security Documents, as applicable, for which the Applicable Authorized Representative is the collateral agent for such Shared Collateral, without regard to any rights to which any Non-Controlling Secured Party would otherwise be entitled
to as a holder of any First Lien Obligations. Without limiting the foregoing, each Non-Controlling Secured Party agrees that neither the Applicable Authorized Representative nor any other First Lien Secured Party shall have any duty or obligation
first to marshal or realize upon any type of Shared Collateral (or any other Collateral securing any of the First Lien Obligations), or to sell, dispose of or otherwise liquidate all or any portion of such Shared Collateral (or any other Collateral
securing any First Lien Obligations), in any manner that would maximize the return to the Non-Controlling Secured Parties, notwithstanding that the order and timing of any such realization, sale, disposition or liquidation may affect the amount of
proceeds actually received by the Non-Controlling Secured Parties from such realization, sale, disposition or liquidation. Except with respect to any actions expressly prohibited or required to be taken by this Agreement, each of the First Lien
Secured Parties waives any claim it may now or hereafter have against the Applicable Authorized Representative or any other First Lien Secured Party of any other Series arising out of (i) any actions which the Applicable Authorized
Representative or any First Lien Secured Party takes or omits to take (including, actions with respect to the creation, perfection or continuation of Liens on any Collateral, actions with respect to the foreclosure upon, sale, release or
depreciation of, or failure to realize upon, any of the Collateral and actions with respect to the collection of any claim for all or any part of the First Lien Obligations from any account debtor, guarantor or any other party) in accordance with
the First Lien Security 

  
 I-1-17 

 
Documents or any other agreement related thereto or to the collection of the First Lien Obligations or the valuation, use, protection or release of any security for the First Lien Obligations,
(ii) any election by the Applicable Authorized Representative or any holders of First Lien Obligations, in any proceeding instituted under the Bankruptcy Code, of the application of Section 1111(b) of the Bankruptcy Code or any equivalent
provision of another applicable Bankruptcy Law or (iii) subject to Section 2.05, any borrowing by, or grant of a security interest or administrative expense priority under Section 364 of the Bankruptcy Code by, the Company or
any of its subsidiaries, as debtor-in-possession. Notwithstanding any other provision of this Agreement, no Authorized Representative shall accept any Shared Collateral in full or partial satisfaction of any First Lien Obligations pursuant to
Section 9-620 of the Uniform Commercial Code of any jurisdiction, without the consent of the Applicable Authorized Representative. 

SECTION 4.02 Rights as a First Lien Secured Party. 

(a) The First Lien Secured Parties shall indemnify upon demand the Applicable Authorized Representative and each of its Related Parties (to
the extent not reimbursed by or on behalf of any Grantor and without limiting the obligation of any Grantor to do so), pro rata, and hold harmless each such Related Party from and against any and all liabilities incurred by it in connection with the
performance of its duties under this Agreement and any Secured Credit Document such First Lien Secured Parties benefit from; provided that no First Lien Secured Party shall be liable for the payment to any such Related Party of any portion of
such indemnified liabilities resulting from such Related Party’s own gross negligence or willful misconduct, as determined by the final judgment of a court of competent jurisdiction. In the case of any investigation, litigation or proceeding
giving rise to any indemnified liabilities, this applies whether any such investigation, litigation or proceeding is brought by any First Lien Secured Party or any other Person. Without limitation of the foregoing, each First Lien Secured Party
shall reimburse the Applicable Authorized Representative upon demand for its ratable share of any costs or out-of-pocket expenses (including attorney costs) incurred by the Applicable Authorized Representative in connection with the preparation,
execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any other Secured Credit
Document, or any document contemplated by or referred to herein, to the extent that the Applicable Authorized Representative is not reimbursed for such expenses by or on behalf of the Grantors. The undertaking in this Section shall survive
termination of this Agreement and the resignation of the Applicable Authorized Representative. 
 SECTION 4.03 Exculpatory Provisions. 

(a) The Applicable Authorized Representative shall not have any duties or obligations to the First Lien Secured Parties except those
expressly set forth herein. Without limiting the generality of the foregoing, the Applicable Authorized Representative: 
  

	 	(i)	shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or an Event of Default has occurred and is continuing; 

 

	 	(ii)	 shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly

  
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contemplated hereby; provided that the Applicable Authorized Representative shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the
Applicable Authorized Representative to liability or expense or that is contrary to this Agreement, any First Lien Security Document or applicable law; 

  

	 	(iii)	shall not, except as expressly set forth herein, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Company or any of its Affiliates that is communicated to
or obtained by the Person serving as the Applicable Authorized Representative or any of its Affiliates in any capacity; 

  

	 	(iv)	shall not be liable for any action taken or not taken by it (A) in the absence of its own gross negligence or willful misconduct (as determined in the final judgment of a court of competent jurisdiction) or
(B) in reliance on a certificate of an authorized officer of the Company stating that such action is permitted by the terms of this Agreement. The Applicable Authorized Representative shall be deemed not to have knowledge of any Default or
Event of Default under any Series of First Lien Obligations unless and until written notice describing such Default or Event of Default is given to the Applicable Authorized Representative by the Authorized Representative of such First Lien
Obligations or any Grantor; and 

  

	 	(v)	shall not be responsible for or have any duty to ascertain or inquire into (A) any statement, warranty or representation made in or in connection with this Agreement or any other Secured Credit Document,
(B) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (C) the performance or observance of any of the covenants, agreements or other terms or conditions set
forth herein or therein or the occurrence of any Default or Event of Default, (D) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Secured Credit Document or any other agreement, instrument or document, or
the creation, perfection or priority of any Lien purported to be created by the First Lien Security Documents, (E) the value or the sufficiency of any Collateral for any Series of First Lien Obligations, or (F) the satisfaction of any
condition set forth in any Secured Credit Document. 

 SECTION 4.04 Reliance by Applicable Authorized Representative. 

The Applicable Authorized Representative shall be entitled to rely upon, and shall not incur any liability for relying upon,
any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or
otherwise authenticated by the proper Person. The Applicable 

  
 I-1-19 

 
Authorized Representative also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for
relying thereon. The Applicable Authorized Representative may consult with legal counsel (who may be counsel for the Company or any Affiliate thereof), independent accountants and other experts selected by it, and shall not be liable for any action
taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 
 SECTION 4.05 Delegation of Duties.

 The Applicable Authorized Representative may perform any and all of its duties and exercise its rights and powers
hereunder by or through any one or more sub-agents appointed by the Applicable Authorized Representative. The Applicable Authorized Representative and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or
through their respective Affiliates. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Affiliates of the Applicable Authorized Representative and any such subagent. 

SECTION 4.06 Non-Reliance on Applicable Authorized Representative and other First Lien Secured Parties. 

Each First Lien Secured Party (by accepting the benefits of this Agreement) acknowledges that it has, independently and
without reliance upon the Applicable Authorized Representative, any Authorized Representative or any other First Lien Secured Party or any of their Affiliates and based on such documents and information as it has deemed appropriate, made its own
credit analysis and decision to enter into this Agreement and the other Secured Credit Documents. Each First Lien Secured Party (by accepting the benefits of this Agreement) also acknowledges that it will, independently and without reliance upon the
Applicable Authorized Representative, any Authorized Representative or any other First Lien Secured Party or any of their Affiliates and based on such documents and information as it shall from time to time deem appropriate, continue to make its own
decisions in taking or not taking action under or based upon this Agreement, any other Secured Credit Document or any related agreement or any document furnished hereunder or thereunder. 

SECTION 4.07 Collateral and Guaranty Matters. 

Each of the First Lien Secured Parties irrevocably authorizes the Applicable Authorized Representative, at its option and in
its discretion, 

  
 I-1-20 

 (a) to release any Lien on any property granted to or held by the Applicable
Authorized Representative under any First Lien Security Document in accordance with Section 2.04 hereof or upon receipt of a written request from the Company stating that the releases of such Lien is permitted by the terms of each then
extant Secured Credit Document; and 
 (b) to release any Grantor from its obligations under any First Lien Security
Documents under which the Applicable Authorized Representative is the Authorized Representative for the applicable First Lien Secured Parties thereunder upon receipt of a written request from the Company stating that such release is permitted by the
terms of each then extant Secured Credit Document. 
 ARTICLE V 

Miscellaneous 
 SECTION 5.01
Notices. 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 facsimile, as follows:  

(a) if to the General Credit Facilities Collateral Agent, to: 

Citibank, N.A. 
 [—] 
 Attention: [—] 

Facsimile no: [—] 

E-Mail Address: [—] 

(b) if to the Initial Additional Authorized Representative, to: 

[—] 

[—] 

Attention: [—] 

Facsimile no: [—] 

E-Mail Address: [—] 

(c) if to any other Authorized Representative, to it at the address set forth in the applicable Joinder Agreement. 

Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice to the other parties hereto. All notices
and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt (if a Business Day) and on the next Business Day thereafter (in all other cases) if
delivered by hand or overnight courier service or sent by facsimile or on the date five (5) Business Days after dispatch by certified or registered 

  
 I-1-21 

 
mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 5.01 or in accordance with the latest unrevoked direction from
such party given in accordance with this Section 5.01. As agreed to in writing by each Authorized Representative from time to time, notices and other communications may also be delivered by e-mail to the e-mail address of a
representative of the applicable person provided from time to time by such person. 
 SECTION 5.02 Waivers; Amendment; Joinder Agreements.

 (a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof,
nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The
rights and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party therefrom shall in any
event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any party
hereto in any case shall entitle such party to any other or further notice or demand in similar or other circumstances. 
 (b) Neither this
Agreement nor any provision hereof may be terminated, waived, amended or modified (other than pursuant to any Joinder Agreement) except pursuant to an agreement or agreements in writing entered into by each Authorized Representative and, with
respect to any such termination, waiver, amendment or modification which by the terms of this Agreement requires the Company’s consent or which increases the obligations or reduces the rights of the Company or any other Grantor, the Company.

 (c) Notwithstanding the foregoing, without the consent of any First Lien Secured Party or Authorized Representative, any Authorized
Representative may become a party hereto by execution and delivery of a Joinder Agreement as set forth in Section 6.01 and upon such execution and delivery, such Authorized Representative and the Additional First Lien Secured Parties and
Additional First Lien Obligations of the Series for which such Authorized Representative is acting shall be subject to the terms hereof. 

(d) Notwithstanding the foregoing, without the consent of any other Authorized Representative or First Lien Secured Party, the Applicable
Authorized Representative and the Company may effect amendments and modifications to this Agreement to the extent necessary to reflect any incurrence of any Additional First Lien Obligations in compliance with the General Credit Facilities Credit
Agreement and the other Secured Credit Documents. 
 SECTION 5.03 Parties in Interest. This Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns, as well as the other First Lien Secured Parties, all of whom are intended to be bound by, and to be third party beneficiaries of, this Agreement. 

  
 I-1-22 

 SECTION 5.04 Survival of Agreement. All covenants, agreements, representations and warranties
made by any party in this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement. 

SECTION 5.05 Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original but all of which when
taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile or electronic transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 

SECTION 5.06 Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of
which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 5.07 Governing Law; Jurisdiction;
Consent to Service of Process. 
 (a) THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY CONFLICTS OF LAWS PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

SECTION 5.08 Submission To Jurisdiction Waivers. Each Authorized Representative, on behalf of itself and the First Lien Secured
Parties of the Series for whom it is acting, irrevocably and unconditionally: 
 (a) submits for itself and its property in
any legal action or proceeding relating to this Agreement, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York in the County of New York, Borough of
Manhattan, the courts of the United States of America for the Southern District of New York, and appellate courts from any thereof; 

(b) consents that any such action or proceeding shall be brought in such courts and waives any objection that it may now or
hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same and agrees not to commence or support any such legal
action or proceeding in any other jurisdiction; 
 (c) agrees that service of process in any such action or proceeding may be
effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person (or its Authorized Representative) at the address referred to in Section 5.01; 

  
 I-1-23 

 (d) agrees that nothing herein shall affect the right of any other party hereto
(or any First Lien Secured Party) to effect service of process in any other manner permitted by law; and 
 (e) waives, to
the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section 5.08 any special, indirect, exemplary, punitive or consequential damages. 

SECTION 5.09 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR
PROCEEDING RELATING TO THIS AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN. 
 SECTION 5.10 Headings. Article, Section and Annex headings used
herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

SECTION 5.11 Conflicts. In the event of any conflict or inconsistency between the provisions of this Agreement and the provisions of any of
the other Secured Credit Documents or First Lien Security Documents, the provisions of this Agreement shall control. 
 SECTION 5.12
Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the First Lien Secured Parties in relation to one another. None of the Company, any other
Grantor or any other creditor thereof shall have any rights or obligations hereunder, except as expressly provided in this Agreement, and none of the Company or any other Grantor may rely on the terms hereof (other than Sections 2.04,
2.05, 2.08, 2.09 and Articles V and VI). Nothing in this Agreement is intended to or shall impair the obligations of any Grantor, which are absolute and unconditional, to pay the First Lien Obligations as and when the same shall
become due and payable in accordance with their terms. 
 SECTION 5.13 Integration. This Agreement represents the agreement of each of the
Grantors and the First Lien Secured Parties with respect to the subject matter hereof and there are no promises, undertakings, representations or warranties by the Applicable Authorized Representative, any Authorized Representative or any other
First Lien Secured Party relative to the subject matter hereof not expressly set forth or referred to herein. 
 SECTION 5.14 Incorporation
by Reference. In connection with its execution and acting hereunder, the Initial Additional Authorized Representative is entitled to all rights, benefits, protections, immunities, privileges and indemnities provided to it as [trustee] [agent] under
the Initial Additional First Lien Agreements. 
 ARTICLE VI 

Additional First Lien Obligations 

SECTION 6.01 Additional First Lien Obligations. The Company may from time to time, subject to any limitations contained in any Secured Credit
Documents in effect at such 

  
 I-1-24 

 
time, designate additional indebtedness and related obligations that are secured by Liens on any assets of the Grantors that would constitute Shared Collateral as Additional First Lien
Obligations by delivering to the Applicable Authorized Representative for the benefit of the First Lien Secured Parties a certificate of an authorized officer of each Company: 

(a) describing the indebtedness and other obligations being designated as Additional First Lien Obligations and the initial
aggregate principal amount or face amount thereof as of the date of such certificate; 
 (b) setting forth the Additional
First Lien Agreements under which such Additional First Lien Obligations are issued or incurred or the Guarantees of or Liens securing such Additional First Lien Obligations are, or are to be, granted or created, and attaching copies of such
Additional First Lien Agreements as each Grantor has executed and delivered to the Person that serves as the collateral agent, collateral trustee or a similar representative for the holders of such Additional First Lien Obligations (such Person
being referred to as the “Additional Authorized Representative”) with respect to such Additional First Lien Obligations on the closing date of such Additional First Lien Obligations, certified as being true and complete by an
authorized officer of each Company; 
 (c) identifying the Person that serves as the Additional Authorized Representative;

 (d) certifying that the incurrence of such Additional First Lien Obligations, the creation of the Liens securing such
Additional First Lien Obligations and the designation of such Additional First Lien Obligations as “Additional First Lien Obligations” hereunder do not violate or result in a default under any provision of any Secured Credit
Document in effect at such time; and 
 (e) attaching a fully completed Joinder Agreement executed and delivered by the
Additional Authorized Representative. 
 Upon the delivery of such certificate and the related attachments as provided above, the obligations designated in
such notice shall become Additional First Lien Obligations for all purposes of this Agreement. 
 [Remainder of this page intentionally left
blank] 

  
 I-1-25 

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

			
	CITIBANK, N.A.,
	as General Credit Facilities Collateral Agent and Authorized Representative for the General Credit Facilities Secured Parties
		
	By:	 	  

		 	Name:
		 	Title:

  
 I-1-26 

SIGNATURE PAGE TO FIRST LIEN INTERCREDITOR AGREEMENT 

 
			
	[—],
	as Initial Additional Authorized Representative
		
	By:	 	  

		 	Name:
		 	Title:

  
 I-1-27 

SIGNATURE PAGE TO FIRST LIEN INTERCREDITOR AGREEMENT 

 
			
	CBS OUTDOOR AMERICAS CAPITAL LLC
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS CAPITAL CORPORATION
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS INC.
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR GROUP LLC
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	OUTDOOR INC.
		
	By:	 	  

		
		 	Name:
		 	Title:

  
 I-1-28 

SIGNATURE PAGE TO FIRST LIEN INTERCREDITOR AGREEMENT 

 
			
	CBS OUTDOOR LLC
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTDOOR LA INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTERNET INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS COLLEGIATE SPORTS PROPERTIES INC.
		
	By:	 	  

		
		 	Name:
		 	Title:

  
 I-1-29 

SIGNATURE PAGE TO FIRST LIEN INTERCREDITOR AGREEMENT 

 EXHIBIT A 

[FORM OF] JOINDER AGREEMENT NO. [—] dated as of
[—], 20[—] (the “Joinder Agreement”) to the FIRST LIEN INTERCREDITOR AGREEMENT dated as of [—] (the “Intercreditor Agreement”), among CBS OUTDOOR AMERICAS CAPITAL LLC, a Delaware limited liability company, as a Grantor (as defined therein), CBS OUTDOOR AMERICAS CAPITAL
CORPORATION, a Delaware corporation, as a Grantor, CBS OUTDOOR AMERICAS INC., as a Grantor, the other Grantors party hereto, CITIBANK, N.A., as the General Credit Facilities Collateral Agent and as Authorized Representative for the General Credit
Facilities Secured Parties, [—], as the Initial Additional Authorized Representative, and each ADDITIONAL AUTHORIZED REPRESENTATIVE from time to time party thereto. 

A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Intercreditor
Agreement. 
 B. The Company or one or more subsidiaries thereof proposes to issue or incur Additional First Lien Obligations and the Person
identified in the signature pages hereto as the “Additional Authorized Representative” (the “Additional Authorized Representative”) will serve as the collateral agent, collateral trustee or a similar representative
for the Additional First Lien Secured Parties. The Additional First Lien Obligations are being designated as such by the Company in accordance with Article VI of the First Lien Intercreditor Agreement. 

C. The Additional Authorized Representative wishes to become a party to the First Lien Intercreditor Agreement and to acquire and undertake,
for itself and on behalf of the Additional First Lien Secured Parties, the rights and obligations of an “Additional Authorized Representative” thereunder. The Additional Authorized Representative is entering into this Joinder
Agreement in accordance with the provisions of the First Lien Intercreditor Agreement in order to become an Additional Authorized Representative thereunder. 

Accordingly, the Additional Authorized Representative and the Company agree as follows, for the benefit of the Additional Authorized
Representative, the Company and each other party to the First Lien Intercreditor Agreement: 
 SECTION 1. Accession to the Intercreditor
Agreement. The Additional Authorized Representative (a) hereby accedes and becomes a party to the First Lien Intercreditor Agreement as an Additional Authorized Representative for the Additional First Lien Secured Parties from time to time in
respect of the Additional First Lien Obligations, (b) agrees, for itself and on behalf of the Additional First Lien Secured Parties from time to time in respect of the Additional First Lien Obligations, to all the terms and provisions of the
First Lien Intercreditor Agreement and (c) shall have all the rights and obligations of an Additional Authorized Representative under the First Lien Intercreditor Agreement. 

SECTION 2. Representations, Warranties and Acknowledgement of the Additional Authorized Representative. The Additional Authorized
Representative represents and warrants to the Authorized Representatives and the other parties to the First Lien Intercreditor Agreement 

  
 I-1-30 

 
that (a) it has full power and authority to enter into this Joinder Agreement, in its capacity as the Additional Authorized Representative, (b) this Joinder Agreement has been duly
authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of this Joinder Agreement and (c) the Additional First Lien Agreements relating to such
Additional First Lien Obligations provide that, upon the Additional Authorized Representative’s entry into this Joinder Agreement, the secured parties in respect of such Additional First Lien Obligations will be subject to and bound by the
provisions of the First Lien Intercreditor Agreement as Additional First Lien Secured Parties. 
 SECTION 3. Counterparts. This Joinder
Agreement may be executed in multiple counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Joinder Agreement shall become effective when each Authorized
Representative shall have received a counterpart of this Joinder Agreement that bears the signature of the Additional Authorized Representative. Delivery of an executed signature page to this Joinder Agreement by facsimile or other electronic
transmission shall be effective as delivery of a manually signed counterpart of this Joinder Agreement. 
 SECTION 4. Benefit of Agreement.
The agreements set forth herein or undertaken pursuant hereto are for the benefit of, and may be enforced by, any party to the First Lien Intercreditor Agreement.  

SECTION 5. Governing Law. THIS JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
WITHOUT GIVING EFFECT TO ANY CONFLICTS OF LAWS PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.  

SECTION 6. Severability. Any provision of this Joinder Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof or of the First Lien Intercreditor Agreement; and the
invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 7. Notices. All communications and notices hereunder shall be in writing and given as provided in Section 5.01 of the First Lien
Intercreditor Agreement. All communications and notices hereunder to the Additional Authorized Representative shall be given to it at the address set forth under its signature hereto, which information supplements Section 5.01 of the First Lien
Intercreditor Agreement. 

  
 I-1-31 

 IN WITNESS WHEREOF, the Additional Authorized Representative has duly executed this Joinder
Agreement to the First Lien Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF ADDITIONAL AUTHORIZED REPRESENTATIVE], as ADDITIONAL AUTHORIZED REPRESENTATIVE for the ADDITIONAL FIRST LIEN SECURED PARTIES
		
	By:	 	
	Name:	 	
	Title:	 	
	
	Address for notices:
	
	attention of:
	
	Telecopy:

  
 I-1-32 

			
	Acknowledged by:
	
	CBS OUTDOOR AMERICAS CAPITAL LLC
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS CAPITAL CORPORATION
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS INC.
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR GROUP LLC
		
	By:	 	
		 	Name:
		 	Title:
	
	OUTDOOR INC.
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTDOOR LLC
		
	By:	 	
		 	Name:
		 	Title:

  
 I-1-33 

			
	CBS OUTDOOR LA INC.
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS OUTERNET INC.
		
	By:	 	
		 	Name:
		 	Title:
	
	CBS COLLEGIATE SPORTS PROPERTIES INC.
		
	By:	 	
		 	Name:
		 	Title:

  
 I-1-34 

 EXHIBIT I-2 

[FORM OF] 
 SECOND LIEN
INTERCREDITOR AGREEMENT 
 among 

CBS OUTDOOR AMERICAS CAPITAL LLC 

and CBS OUTDOOR AMERICAS CAPITAL CORPORATION, 

as Borrowers, 
 CBS OUTDOOR
AMERICAS INC. AND THE OTHER 
 GUARANTORS PARTY HERETO FROM TIME TO TIME 

CITIBANK, N.A., 
 as Senior
Representative for the General Credit Facilities Secured Parties, 
 [—], 

as the Initial Additional Second Priority Representative, 

and 
 each additional
Representative from time to time party hereto 
 dated as of [—], 20[—] 

  
 I-2-1 

 SECOND LIEN INTERCREDITOR AGREEMENT dated as of
[—], 201[—] (as amended, supplemented or otherwise modified from time to time, this “Agreement”), among CBS OUTDOOR
AMERICAS CAPITAL LLC, a Delaware limited liability company, CBS OUTDOOR AMERICAS CAPITAL CORPORATION, a Delaware corporation (together with CBS OUTDOOR AMERICAS CAPITAL LLC, the “Borrowers”), CBS OUTDOOR AMERICAS INC., as a Maryland
corporation (“Parent”), as a Grantor (as defined below), the other Grantors from time to time party hereto, CITIBANK, N.A., as Senior Representative for the General Credit Facilities Secured Parties (in such capacity, the
“Administrative Agent”), [—],as Representative for the Initial Second Priority Debt Parties (in such capacity and together with its successors in such capacity, the
“Initial Second Priority Representative”), [[—], as Representative for the Additional Senior Debt Parties under the [describe applicable Additional Senior Debt Facility]], and each
additional Second Priority Representative and Senior Representative that from time to time becomes a party hereto pursuant to Section 8.9. 

In consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Administrative Agent (for itself and on behalf of the General Credit Facilities Secured Parties), the Initial Second Priority Representative (for itself and on behalf of the Initial Second Priority Debt Parties) and each
additional Senior Representative (for itself and on behalf of the Additional Senior Debt Parties under the applicable Additional Senior Debt Facility) and each additional Second Priority Representative (for itself and on behalf of the Second
Priority Debt Parties under the applicable Second Priority Debt Facility) agree as follows: 
 1. 

Definitions 
 1.1.
Certain Defined Terms. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Credit Agreement or, if defined in the New York UCC, the meanings specified therein. As used in this Agreement, the following
terms have the meanings specified below: 
 “Additional Senior Debt” means any Indebtedness that is issued, borrowed or
guaranteed by the Borrowers, and/or any Grantor (other than Indebtedness constituting Credit Agreement Obligations) which Indebtedness and Guarantees are secured by the Senior Collateral (or a portion thereof) on a pari passu basis (but without
regard to control of remedies) with the Credit Agreement Obligations; provided, however, that (i) such Indebtedness is permitted to be incurred, secured and guaranteed on such basis by each then effective Senior Debt Document and
Second Priority Debt Document and (ii) the Senior Representative for the holders of such Indebtedness shall have (A) executed and delivered this Agreement as of the date hereof or become party to this Agreement pursuant to, and by
satisfying the conditions set forth in, Section 8.9 hereof and (B) become a party to the First Lien Intercreditor Agreement pursuant to, and by satisfying the conditions set forth in, Article VI thereof. Additional Senior Debt shall
include any Registered Equivalent Notes and Guarantees thereof by the Grantors issued in exchange therefor. 

  
 I-2-2 

 “Additional Senior Debt Documents” means, with respect to any series, issue or
class of Additional Senior Debt, the promissory notes, indentures, the Senior Collateral Documents or other operative agreements evidencing or governing such Indebtedness. 

“Additional Senior Debt Facility” means each indenture, credit agreement or other governing agreement with respect to any
Additional Senior Debt. 
 “Additional Senior Debt Obligations” means, with respect to any series, issue or class of
Additional Senior Debt, all amounts owing pursuant to the terms of such Additional Senior Debt, including, without limitation, the obligation (including guarantee obligations) to pay principal, interest (including interest, fees and expenses that
accrue after the commencement of a Bankruptcy Case, regardless of whether such interest is an allowed claim under such Bankruptcy Case), letter of credit commissions, reimbursement obligations, charges, expenses, fees, attorneys costs, indemnities
and other amounts payable by a Grantor under any Additional Senior Debt Document. 
 “Additional Senior Debt Parties”
means, with respect to any series, issue or class of Additional Senior Debt, the holders of such Indebtedness, the Senior Representative with respect thereto, any trustee or agent therefor under any related Additional Senior Debt Documents and the
beneficiaries of each indemnification obligation undertaken by the Borrowers or any other Grantor under any related Additional Senior Debt Documents. 

“Administrative Agent” has the meaning assigned to such term in the introductory paragraph of this Agreement and shall
include any successor Administrative Agent. 
 “Agreement” has the meaning assigned to such term in the introductory
paragraph of this Agreement. 
 “Bankruptcy Case” means a case under the Bankruptcy Code or any other Bankruptcy Law. 

“Bankruptcy Code” means Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of
debtors. 
 “Bankruptcy Law” means the Bankruptcy Code and any similar federal, state or foreign law for the relief of
debtors. 
 “Borrowers” has the meaning assigned to such term in the introductory paragraph of this Agreement. 

“Class Debt” has the meaning assigned to such term in Section 8.9. 

“Class Debt Parties” has the meaning assigned to such term in Section 8.9. 

“Class Debt Representatives” has the meaning assigned to such term in Section 8.9. 

“Collateral” means the Senior Collateral and the Second Priority Collateral. 

“Collateral Documents” means the Senior Collateral Documents and the Second Priority Collateral Documents. 

  
 I-2-3 

 “Credit Agreement” means that certain Credit Agreement, dated as of
January 31, 2014, among the Borrowers, the lenders from time to time party thereto, the Administrative Agent and the other parties thereto, as further amended, restated, amended and restated, extended, supplemented, Refinanced or otherwise
modified from time to time. 
 “Credit Agreement Loan Documents” means the Credit Agreement and the other “Loan
Documents” as defined in the Credit Agreement. 
 “Credit Agreement Obligations” means the
“Obligations” as defined in the Credit Agreement. 
 “Debt Facility” means any Senior Facility and any
Second Priority Debt Facility. 
 “Designated Second Priority Representative” means (i) the Initial Second Priority
Representative, until such time as the Second Priority Debt Facility under the Initial Second Priority Debt Documents ceases to be the only Second Priority Debt Facility under this Agreement and (ii) thereafter, the Second Priority
Representative designated from time to time by the Second Priority Majority Representatives, in a notice to the Designated Senior Representative and the Borrowers hereunder, as the “Designated Second Priority Representative” for
purposes hereof. 
 “Designated Senior Representative” means (i) if at any time there is only one Senior
Representative for a Senior Facility with respect to which the Discharge of Senior Obligations has not occurred, such Senior Representative and (ii) at any time when clause (i) does not apply, the Applicable Authorized
Representative (as defined in the First Lien Intercreditor Agreement) at such time. 
 “DIP Financing” has the meaning
assigned to such term in Section 6.1. 
 “Discharge” means, with respect to any Shared Collateral and any Debt
Facility, the date on which such Debt Facility and the Senior Obligations or Second Priority Debt Obligations thereunder, as the case may be, are no longer secured by such Shared Collateral pursuant to the terms of the documentation governing such
Debt Facility. The term “Discharged” shall have a corresponding meaning. 
 “Discharge of Credit Agreement
Obligations” means, with respect to any Shared Collateral, the Discharge of the Credit Agreement Obligations with respect to such Shared Collateral; provided that the Discharge of Credit Agreement Obligations shall not be deemed to
have occurred in connection with a Refinancing of such Credit Agreement Obligations with an Additional Senior Debt Facility secured by such Shared Collateral under one or more Additional Senior Debt Documents which has been designated in writing by
the Administrative Agent (under the Credit Agreement so Refinanced) to the Designated Senior Representative as the “Credit Agreement” for purposes of this Agreement. 

“Discharge of Senior Obligations” means the date on which the Discharge of Credit Agreement Obligations and the Discharge of
each Additional Senior Debt Facility has occurred. 

  
 I-2-4 

 “Enforcement Second Priority Representative” means the Second Priority
Representative of the series of Second Priority Debt that constitutes the largest outstanding principal amount of any then outstanding series of Second Priority Debt with respect which a Second Priority Enforcement Date has occurred;
provided, however, that if there are two such series of Second Priority Debt which have an equal outstanding principal amount, the series of Second Priority Debt with the earlier maturity date shall be considered to have the larger
outstanding principal amount for purposes of this definition. 
 “First Lien Intercreditor Agreement” has the meaning
assigned to the term “Intercreditor Agreement” in the Credit Agreement. 
 “General Credit Facilities Secured
Parties” means the “Secured Parties” as defined in the Credit Agreement. 
 “Grantors” means
Parent, the Borrowers and each Subsidiary or direct or indirect parent company of each Borrower which has granted a security interest pursuant to any Collateral Document to secure any Secured Obligations. The Grantors existing on the date hereof are
set forth in Annex I hereto. 
 “Initial Second Priority Debt” means the Second Priority Debt incurred pursuant to the
Initial Second Priority Debt Documents. 
 “Initial Second Priority Debt Documents” means that certain Indenture dated as
of [—], 201[—], among the Borrowers, [the guarantors identified therein,] [—], as [trustee],
and [—], as [paying agent, registrar and transfer agent]] and any notes, security documents and other operative agreements evidencing or governing such Indebtedness, including any agreement entered
into for the purpose of securing the Initial Second Priority Debt Obligations. 
 “Initial Second Priority Debt
Obligations” means the Second Priority Debt Obligations arising pursuant to the Initial Second Priority Debt Documents. 

“Initial Second Priority Debt Parties” means the holders of any Initial Second Priority Debt Obligations and the Initial
Second Priority Representative. 
 “Initial Second Priority Representative” has the meaning assigned to such term in the
introductory paragraph to this Agreement. 
 “Insolvency or Liquidation Proceeding” means: 

(1) any case commenced by or against the Borrowers or any other Grantor under any Bankruptcy Law, any other proceeding for the
reorganization, recapitalization or adjustment or marshaling of the assets or liabilities of each Borrower or any other Grantor, any receivership or assignment for the benefit of creditors relating to the Borrowers or any other Grantor or any
similar case or proceeding relative to the Borrowers or any other Grantor or its creditors, as such, in each case whether or not voluntary; 

  
 I-2-5 

 (2) any liquidation, dissolution, marshaling of assets or liabilities or other
winding up of or relating to the Borrowers or any other Grantor, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency; or 

(3) any other proceeding of any type or nature in which substantially all claims of creditors of the Borrowers or any
other Grantor are determined and any payment or distribution is or may be made on account of such claims. 
 “Intellectual
Property” has the meaning assigned to such term in the Security Agreement. 
 “Joinder Agreement” means a
supplement to this Agreement in substantially the form of Annex III or Annex IV hereof. 
 “Lien” means, with respect to
any asset, any mortgage, lien (statutory or otherwise), pledge, hypothecation, charge, security interest, preference, priority or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under
applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement
under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction; provided that in no event shall an operating lease be deemed to constitute a Lien. 

“New York UCC” means the Uniform Commercial Code as from time to time in effect in the State of New York. 

“Officer’s Certificate” means a certificate of an authorized officer of each Borrower. 

“Parent” has the meaning assigned to such term in the introductory paragraph of this Agreement. 

“Person” means any individual, corporation, limited liability company, partnership, joint venture, association, joint stock
company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Pledged or Controlled Collateral” has the meaning assigned to such term in Section 5.5.1. 

“Proceeds” means the proceeds of any sale, collection or other liquidation of Shared Collateral and any payment or
distribution made in respect of Shared Collateral in a Bankruptcy Case and any amounts received by any Senior Representative or any Senior Secured Party from a Second Priority Debt Party in respect of Shared Collateral pursuant to this Agreement.

 “Purchase Event” has the meaning assigned to such term in Section 5.7. 

“Recovery” has the meaning assigned to such term in Section 6.4. 

  
 I-2-6 

 “Refinance” means, in respect of any indebtedness, to refinance, extend, renew,
defease, amend, increase, modify, supplement, restructure, refund, replace or repay, or to issue other indebtedness or enter into one or more alternative financing arrangements, in exchange or replacement for such indebtedness (in whole or in part),
including by adding or replacing lenders, creditors, agents, borrowers and/or guarantors, and including in each case, but not limited to, after the original instrument giving rise to such indebtedness has been terminated and including, in each case,
through any credit agreement, indenture or other agreement. “Refinanced” and “Refinancing” have correlative meanings. 

“Registered Equivalent Notes” means, with respect to any notes originally issued in a Rule 144A or other private placement
transaction under the Securities Act of 1933, substantially identical notes (having the same Guarantees) issued in a dollar-for-dollar exchange therefor pursuant to an exchange offer registered with the SEC. 

“Replacement Senior Obligations” has the meaning assigned to such term in Section 8.10. 

“Representatives” means the Senior Representatives and the Second Priority Representatives. 

“SEC” means the United States Securities and Exchange Commission and any successor agency thereto. 

“Second Priority Class Debt” has the meaning assigned to such term in Section 8.9. 

“Second Priority Class Debt Parties” has the meaning assigned to such term in Section 8.9. 

“Second Priority Class Debt Representative” has the meaning assigned to such term in Section 8.9. 

“Second Priority Collateral” means any “Collateral” (or similar term) as defined in any Second Priority Debt
Document or any other assets of the Borrowers or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation. 

“Second Priority Collateral Documents” means the Initial Second Priority Collateral Documents and each of the collateral
agreements, security agreements and other instruments and documents executed and delivered by the Borrowers or any other Grantor for purposes of providing collateral security for any Second Priority Debt Obligation. 

“Second Priority Debt” means any Indebtedness that is issued, borrowed or guaranteed by the Borrowers and/or any other
Grantor (and not guaranteed by any Subsidiary of Parent that is not a Grantor), including the Initial Second Priority Debt, which Indebtedness and guarantees are secured by the Second Priority Collateral on a pari passu basis (but without regard to
control of remedies, other than as provided by the terms of the applicable Second Priority Debt Documents) with any other Second Priority Debt Obligations and the applicable Second Priority Debt Documents which provide that such Indebtedness and
guarantees are to be secured by such Second Priority Collateral on a subordinate basis to the Senior Obligations (and which is not 

  
 I-2-7 

 
secured by Liens on any assets of the Borrowers or any other Grantor other than the Second Priority Collateral or which are not included in the Senior Collateral); provided,
however, that (i) such Indebtedness is permitted to be incurred, secured and guaranteed on such basis by each Senior Debt Document and Second Priority Debt Document and (ii) except in the case of the Initial Second Priority Debt
hereunder, the Second Priority Representative for the holders of such Indebtedness shall have become party to this Agreement pursuant to, and by satisfying the conditions set forth in, Section 8.9 hereof. Second Priority Debt shall
include any Registered Equivalent Notes and Guarantees thereof by the Grantors issued in exchange therefor. 
 “Second Priority Debt
Documents” means, with respect to any series, issue or class of Second Priority Debt, the promissory notes, indentures, the Second Priority Collateral Documents or other operative agreements evidencing or governing such Indebtedness,
including the Initial Second Priority Debt Documents. 
 “Second Priority Debt Facility” means each indenture, credit
agreement or other governing agreement with respect to any Second Priority Debt. 
 “Second Priority Debt Obligations”
means, with respect to any series, issue or class of Second Priority Debt, all amounts owing pursuant to the terms of such Second Priority Debt, including, without limitation, the obligation (including guarantee obligations) to pay principal,
interest (including interest, fees and expenses that accrues after the commencement of a Bankruptcy Case, regardless of whether such interest is an allowed claim under such Bankruptcy Case), letter of credit commissions, reimbursement obligations,
charges, expenses, fees, attorneys costs, indemnities and other amounts payable by a Grantor under any Second Priority Debt Document. 

“Second Priority Debt Parties” means the Initial Second Priority Debt Parties and, with respect to any series, issue or class
of Second Priority Debt incurred after the date hereof, the holders of such Indebtedness, the Second Priority Representative with respect thereto, any trustee or agent therefor under any related Second Priority Debt Documents and the beneficiaries
of each indemnification obligation undertaken by the Borrowers or any other Grantor under any related Second Priority Debt Documents. 

“Second Priority Enforcement Date” means, with respect to any Second Priority Representative, the date which is one hundred
and eighty (180) days after the occurrence of both (i) an Event of Default (under and as defined in the Second Priority Debt Document for which such Second Priority Representative is the Second Priority Representative) and (ii) the
Designated Senior Representative’s and each other Representative’s receipt of written notice from such Second Priority Representative that (x) an Event of Default (under and as defined in the Second Priority Debt Document for which
such Second Priority Representative is the Second Priority Representative) has occurred and is continuing and (y) the Second Priority Debt Obligations of the series with respect to which such Second Priority Representative is the Second
Priority Representative are currently due and payable in full (whether as a result of acceleration thereof or otherwise) in accordance with the terms of the applicable Second Priority Debt Document; provided that the Second Priority
Enforcement Date shall be stayed and shall not occur and shall be deemed not to have occurred with respect to any Shared Collateral (1) at any time the Designated Senior Representative has commenced and is diligently pursuing any

  
 I-2-8 

 
enforcement action with respect to such Shared Collateral or (2) at any time the Grantor which has granted a security interest in such Shared Collateral is then a debtor under or with
respect to (or otherwise subject to) any Insolvency or Liquidation Proceeding. 
 “Second Priority Majority
Representatives” means the Second Priority Representatives representing at least a majority of the aggregate amount of Second Priority Debt Obligations then outstanding that agree to vote together or direct or instruct the Designated Second
Priority Representative together. 
 “Second Priority Lien” means the Liens on the Second Priority Collateral in favor of
Second Priority Debt Parties under Second Priority Collateral Documents. 
 “Second Priority Representative” means
(i) in the case of the Initial Second Priority Debt Obligations covered hereby, the Initial Second Priority Representative and (ii) in the case of any Second Priority Debt Facility incurred after the date hereof, the Second Priority Debt
Parties thereunder, the trustee, administrative agent, collateral agent, security agent or similar agent under such Second Priority Debt Facility that is named as the Second Priority Representative in respect of such Second Priority Debt Facility in
the applicable Joinder Agreement. 
 “Secured Obligations” means the Senior Obligations and the Second Priority Debt
Obligations. 
 “Secured Parties” means the Senior Secured Parties and the Second Priority Debt Parties. 

“Senior Class Debt” has the meaning assigned to such term in Section 8.9. 

“Senior Class Debt Parties” has the meaning assigned to such term in Section 8.9. 

“Senior Class Debt Representative” has the meaning assigned to such term in Section 8.9. 

“Senior Collateral” means any “Collateral” (or similar term) as defined in any Credit Agreement Loan
Document, “Collateral” (or similar term) as defined in any other Senior Debt Document or any other assets of the Borrowers or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior
Collateral Document as security for any Senior Obligations. 
 “Senior Collateral Documents” means the Security Agreement,
the other “Collateral Documents” as defined in the Credit Agreement, the other “Secured Credit Documents” as defined in the First Lien Intercreditor Agreement pursuant to which a Lien on the Senior Collateral is or
is purported to be granted and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrowers or any other Grantor for purposes of providing collateral security for any Senior
Obligation. 
 “Senior Debt Documents” means (a) the Credit Agreement Loan Documents and (b) any Additional
Senior Debt Documents. 

  
 I-2-9 

 “Senior Facilities” means the Credit Agreement and any Additional Senior Debt
Facilities. 
 “Senior Lien” means the Liens on the Senior Collateral in favor of the Senior Secured Parties under the
Senior Collateral Documents. 
 “Senior Obligations” means the Credit Agreement Obligations and any Additional Senior Debt
Obligations. 
 “Senior Representative” means (i) in the case of any Credit Agreement Obligations or the General
Credit Facilities Secured Parties, the Administrative Agent and (ii) in the case of any Additional Senior Debt Facility and the Additional Senior Debt Parties thereunder (including with respect to any Additional Senior Debt Facility initially
covered hereby on the date of this Agreement), the trustee, administrative agent, collateral agent, security agent or similar agent under such Additional Senior Debt Facility that is named as the Senior Representative in respect of such Additional
Senior Debt Facility hereunder or in the applicable Joinder Agreement. 
 “Senior Secured Parties” means the General Credit
Facilities Secured Parties and any Additional Senior Debt Parties. 
 “Shared Collateral” means, at any time, Collateral in
which the holders of Senior Obligations under at least one Senior Facility (or their Senior Representatives) and the holders of Second Priority Debt Obligations under at least one Second Priority Debt Facility (or their Second Priority
Representatives) hold a security interest at such time (or, in the case of the Senior Facilities, are deemed pursuant to Article 2 to hold a security interest). If, at any time, any portion of the Senior Collateral under one or more Senior
Facilities does not constitute Second Priority Collateral under one or more Second Priority Debt Facilities, then such portion of such Senior Collateral shall constitute Shared Collateral only with respect to the Second Priority Debt Facilities for
which it constitutes Second Priority Collateral and shall not constitute Shared Collateral for any Second Priority Debt Facility which does not have a security interest in such Collateral at such time. 

“Trustee” has the meaning assigned to such term in Section 8.21. 

“Uniform Commercial Code” or “UCC” means, unless otherwise specified, the Uniform Commercial Code as from
time to time in effect in the State of New York. 
 1.2. Terms Generally. The definitions of terms herein shall apply equally to the
singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and
“including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the
context requires otherwise, (i) any definition of or reference to any agreement, instrument, other document, statute or regulation herein shall be construed as referring to such agreement, instrument, other document, statute or regulation as
from time to time amended, supplemented or otherwise modified, (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, but shall not be deemed to include the subsidiaries of such Person
unless express reference is made to such subsidiaries, (iii) the words “herein,” 

  
 I-2-10 

 
“hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof,
(iv) all references herein to Articles, Sections and Annexes shall be construed to refer to Articles, Sections and Annexes of this Agreement, (v) unless otherwise expressly qualified herein, the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights and (vi) the term
“or” is not exclusive. 
 2. 

Priorities and Agreements with Respect to Shared Collateral 

2.1. Lien Subordination. Notwithstanding the date, time, manner or order of filing or recordation of any document or instrument or
grant, attachment or perfection of any Liens granted to any Second Priority Representative or any Second Priority Debt Parties on the Shared Collateral or of any Liens granted to any Senior Representative or any other Senior Secured Party on the
Shared Collateral (or any actual or alleged defect in any of the foregoing) and notwithstanding any provision of the Uniform Commercial Code of any applicable jurisdiction, any applicable law, any Second Priority Debt Document or any Senior Debt
Document or any other circumstance whatsoever, each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility, hereby agrees that (a) any Lien on the Shared Collateral
securing any Senior Obligations now or hereafter held by or on behalf of any Senior Representative or any other Senior Secured Party or other agent or trustee therefor, regardless of how acquired, whether by grant, statute, operation of law,
subrogation or otherwise, shall have priority over and be senior in all respects and prior to any Lien on the Shared Collateral securing any Second Priority Debt Obligations and (b) any Lien on the Shared Collateral securing any Second Priority
Debt Obligations now or hereafter held by or on behalf of any Second Priority Representative, any Second Priority Debt Parties or any Second Priority Representative or other agent or trustee therefor, regardless of how acquired, whether by grant,
statute, operation of law, subrogation or otherwise, shall be junior and subordinate in all respects to all Liens on the Shared Collateral securing any Senior Obligations. All Liens on the Shared Collateral securing any Senior Obligations shall be
and remain senior in all respects and prior to all Liens on the Shared Collateral securing any Second Priority Debt Obligations for all purposes, whether or not such Liens securing any Senior Obligations are subordinated to any Lien securing any
other obligation of the Borrower, any other Grantor or any other Person or otherwise subordinated, voided, avoided, invalidated or lapsed. 

2.2. Nature of Senior Lender Claims. Each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under
its Second Priority Debt Facility, acknowledges that (a) a portion of the Senior Obligations is revolving in nature and that the amount thereof that may be outstanding at any time or from time to time may be increased or reduced and
subsequently reborrowed, (b) the terms of the Senior Debt Documents and the Senior Obligations may be amended, supplemented or otherwise modified, and the Senior Obligations, or a portion thereof, may be Refinanced from time to time and
(c) the aggregate amount of the Senior Obligations may be increased, in each case, without notice to or consent by the Second Priority Representatives or the Second Priority Debt Parties and without affecting the provisions hereof. The Lien
priorities provided for in Section 2.1 shall not be altered or 

  
 I-2-11 

 
otherwise affected by any amendment, supplement or other modification, or any Refinancing, of either the Senior Obligations or the Second Priority Debt Obligations, or any portion thereof. As
between the Borrowers and the other Grantors and the Second Priority Debt Parties, the foregoing provisions will not limit or otherwise affect the obligations of the Borrowers and the Grantors contained in any Second Priority Debt Document with
respect to the incurrence of additional Senior Obligations. 
 2.3. Prohibition on Contesting Liens. Each of the Second Priority
Representatives, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, agrees that it shall not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding
(including any Insolvency or Liquidation Proceeding), the validity, extent, perfection, priority or enforceability of any Lien securing any Senior Obligations held (or purported to be held) by or on behalf of any Senior Representative or any of the
other Senior Secured Parties or other agent or trustee therefor in any Senior Collateral, and each Senior Representative, for itself and on behalf of each Senior Secured Party under its Senior Facility, agrees that it shall not (and hereby waives
any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the validity, extent, perfection, priority or enforceability of any Lien securing any Second Priority Debt
Obligations held (or purported to be held) by or on behalf of any Second Priority Representative or any of the Second Priority Debt Parties in the Second Priority Collateral. Notwithstanding the foregoing, no provision in this Agreement shall be
construed to prevent or impair the rights of any Senior Representative to enforce this Agreement (including the priority of the Liens securing the Senior Obligations as provided in Section 2.1) or any of the Senior Debt Documents. 

2.4. No New Liens. Following the date hereof, and with respect to clauses (a) and (b) below, whether or not any
Insolvency or Liquidation Proceeding has been commenced by or against any of the Grantors, the parties hereto agree that the Grantors shall not, and shall not permit any other Grantor to: 

(a) grant or permit any additional Liens on any asset to secure any Second Priority Debt Obligation unless it has granted or concurrently
grants Liens on such asset to secure each series of Senior Debt Obligations, which shall be senior to the Lien or Liens securing the Priority Debt Obligations as provided in this Agreement; or 

(b) grant or permit any additional Liens on any asset to secure any Senior Debt Obligation unless it has granted or concurrently grants a
Lien on such asset or property to secure each series of Second Priority Debt Obligations, which shall be junior to the Lien or Liens securing the Senior Debt Obligations as provided in this Agreement. 

To the extent that the foregoing provisions are not complied with for any reason, without limiting any other rights and remedies available to the Senior
Representative and/or the other Senior Secured Parties, each Second Priority Representative, on behalf of the applicable Second Lien Priority Parties, agrees that any amounts received by or distributed to any of them pursuant to or as a result of
Liens granted in contravention of this Section 2.4 shall be subject to Section 4.2. 
 2.5. Perfection of
Liens. Except for the limited agreements of the Senior Representatives pursuant to Section 5.5 hereof, none of the Senior Representatives or the Senior 

  
 I-2-12 

 
Secured Parties shall be responsible for perfecting and maintaining the perfection of Liens with respect to the Shared Collateral for the benefit of the Second Priority Representatives or the
Second Priority Debt Parties. The provisions of this Agreement are intended solely to govern the respective Lien priorities as between the Senior Secured Parties and the Second Priority Debt Parties and shall not impose on the Senior
Representatives, the Senior Secured Parties, the Second Priority Representatives, the Second Priority Debt Parties or any agent or trustee therefor any obligations in respect of the disposition of Proceeds of any Shared Collateral which would
conflict with prior perfected claims therein in favor of any other Person or any order or decree of any court or governmental authority or any applicable law. 

2.6. Certain Cash Collateral. Notwithstanding anything in this Agreement or any other Senior Debt Documents or Second Priority Debt
Documents to the contrary, collateral consisting of cash and cash equivalents pledged to secure Credit Agreement Obligations consisting of reimbursement obligations in respect of Letters of Credit or otherwise held by the Administrative Agent
pursuant to Section 2.03(g), 2.17 or Article IX of the Credit Agreement (or any equivalent successor provision) shall be applied as specified in the Credit Agreement and will not constitute Shared Collateral. 

3. 
 Enforcement 

3.1. Exercise of Remedies. 

3.1.1. So long as the Discharge of Senior Obligations has not occurred, whether or not any Insolvency or Liquidation Proceeding has been
commenced by or against the Borrowers or any other Grantor, (i) neither any Second Priority Representative nor any Second Priority Debt Party will (x) exercise or seek to exercise any rights or remedies (including setoff) with respect to
any Shared Collateral in respect of any Second Priority Debt Obligations, or institute any action or proceeding with respect to such rights or remedies (including any action of foreclosure), (y) contest, protest or object to any foreclosure
proceeding or action brought with respect to the Shared Collateral or any other Senior Collateral by any Senior Representative or any Senior Secured Party in respect of the Senior Obligations, the exercise of any right by any Senior Representative
or any Senior Secured Party (or any agent or sub-agent on their behalf) in respect of the Senior Obligations under any lockbox agreement, control agreement, landlord waiver or bailee’s letter or similar agreement or arrangement to which any
Senior Representative or any Senior Secured Party either is a party or may have rights as a third party beneficiary, or any other exercise by any such party of any rights and remedies relating to the Shared Collateral under the Senior Debt Documents
or otherwise in respect of the Senior Collateral or the Senior Obligations, or (z) object to the forbearance by the Senior Secured Parties from bringing or pursuing any foreclosure proceeding or action or any other exercise of any rights or
remedies relating to the Shared Collateral in respect of Senior Obligations and (ii) the Senior Representatives and the Senior Secured Parties shall have the exclusive right to enforce rights, exercise remedies (including setoff and the right
to credit bid their debt) and make determinations regarding the release, disposition or restrictions with respect to the Shared Collateral without any consultation with or the consent of any Second Priority Representative or any Second Priority Debt
Party; provided, however, that (A) in any Insolvency or Liquidation 

  
 I-2-13 

 
Proceeding commenced by or against the Borrowers or any other Grantor, any Second Priority Representative may file a claim or statement of interest with respect to the Second Priority Debt
Obligations under its Second Priority Debt Facility, (B) any Second Priority Representative may take any action (not adverse to the prior Liens on the Shared Collateral securing the Senior Obligations or the rights of the Senior Representatives
or the Senior Secured Parties to exercise remedies in respect thereof) in order to create, prove, perfect, preserve or protect (but not enforce) its rights in, and perfection and priority of its Lien on, the Shared Collateral, (C) any Second
Priority Representative and the Second Priority Debt Parties may exercise their rights and remedies as unsecured creditors, to the extent provided in Section 5.4 and (D) from and after a Second Priority Enforcement Date, the
Enforcement Second Priority Representative may exercise or seek to exercise any rights or remedies (including setoff) with respect to any Shared Collateral in respect of any Second Priority Debt Obligations, or institute any action or proceeding
with respect to such rights or remedies (including any action of foreclosure), but only so long as (1) the Designated Senior Representative has not commenced and is not diligently pursuing any enforcement action with respect to such Shared
Collateral or (2) the Grantor which has granted a security interest in such Shared Collateral is not then a debtor under or with respect to (or otherwise subject to) any Insolvency or Liquidation Proceeding. In exercising rights and remedies
with respect to the Senior Collateral, the Senior Representatives and the Senior Secured Parties may enforce the provisions of the Senior Debt Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in
the exercise of their sole discretion. Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of Shared Collateral upon foreclosure, to incur expenses in connection with such sale or
disposition and to exercise all the rights and remedies of a secured lender under the Uniform Commercial Code of any applicable jurisdiction and of a secured creditor under Bankruptcy Laws of any applicable jurisdiction. 

3.1.2. So long as the Discharge of Senior Obligations has not occurred, each Second Priority Representative, on behalf of itself and each
Second Priority Debt Party under its Second Priority Debt Facility, agrees that it will not, in the context of its role as secured creditor, take or receive any Shared Collateral or any Proceeds of Shared Collateral in connection with the exercise
of any right or remedy (including setoff) with respect to any Shared Collateral in respect of Second Priority Debt Obligations. Without limiting the generality of the foregoing, unless and until the Discharge of Senior Obligations has occurred,
except as expressly provided in the proviso in clause (ii) of Section 3.1.1, the sole right of the Second Priority Representatives and the Second Priority Debt Parties with respect to the Shared Collateral is to hold a Lien
on the Shared Collateral in respect of Second Priority Debt Obligations pursuant to the Second Priority Debt Documents for the period and to the extent granted therein and to receive a share of the Proceeds thereof, if any, after the Discharge of
Senior Obligations has occurred. 
 3.1.3. Subject to the proviso in clause (ii) of Section 3.1.1, (i) each
Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, agrees that neither such Second Priority Representative nor any such Second Priority Debt Party will take any action
that would hinder any exercise of remedies undertaken by any Senior Representative or any Senior Secured Party with respect to the Shared Collateral under the Senior Debt Documents, including any sale, lease, exchange, transfer or other disposition
of the Shared Collateral, whether by foreclosure or otherwise, and (ii) each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under 

  
 I-2-14 

 
its Second Priority Debt Facility, hereby waives any and all rights it or any such Second Priority Debt Party may have as a junior lien creditor or otherwise to object to the manner in which the
Senior Representatives or the Senior Secured Parties seek to enforce or collect the Senior Obligations or the Liens granted on any of the Senior Collateral, regardless of whether any action or failure to act by or on behalf of any Senior
Representative or any other Senior Secured Party is adverse to the interests of the Second Priority Debt Parties. 
 3.1.4. Each Second
Priority Representative hereby acknowledges and agrees that no covenant, agreement or restriction contained in any Second Priority Debt Document shall be deemed to restrict in any way the rights and remedies of the Senior Representatives or the
Senior Secured Parties with respect to the Senior Collateral as set forth in this Agreement and the Senior Debt Documents. 
 3.1.5. Until
the Discharge of Senior Obligations, subject to Section 3.1.1, the Designated Senior Representative shall have the exclusive right to exercise any right or remedy with respect to the Shared Collateral and shall have the exclusive right
to determine and direct the time, method and place for exercising such right or remedy or conducting any proceeding with respect thereto. Following the Discharge of Senior Obligations, the Designated Second Priority Representative who may be
instructed by the Second Priority Majority Representatives shall have the exclusive right to exercise any right or remedy with respect to the Collateral, and the Designated Second Priority Representative who may be instructed by the Second Priority
Majority Representatives shall have the exclusive right to direct the time, method and place of exercising or conducting any proceeding for the exercise of any right or remedy available to the Second Priority Debt Parties with respect to the
Collateral, or of exercising or directing the exercise of any trust or power conferred on the Second Priority Representatives, or for the taking of any other action authorized by the Second Priority Collateral Documents; provided,
however, that nothing in this Section 3.1.5 shall impair the right of any Second Priority Representative or other agent or trustee acting on behalf of the Second Priority Debt Parties to take such actions with respect to the
Collateral after the Discharge of Senior Obligations as may be otherwise required or authorized pursuant to any intercreditor agreement governing the Second Priority Debt Parties or the Second Priority Debt Obligations. 

3.2. Cooperation. Subject to the proviso in clause (ii) of Section 3.1.1, each Second Priority Representative,
on behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility, agrees that, unless and until the Discharge of Senior Obligations has occurred, it will not commence, or join with any Person (other than the Senior
Secured Parties and the Senior Representatives upon the request of the Designated Senior Representative) in commencing, any enforcement, collection, execution, levy or foreclosure action or proceeding with respect to any Lien held by it in the
Shared Collateral under any of the Second Priority Debt Documents or otherwise in respect of the Second Priority Debt Obligations. 
 3.3.
Actions upon Breach. Should any Second Priority Representative or any Second Priority Debt Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any
attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, any Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Borrowers or
any other Grantor) or the Borrowers may obtain relief against 

  
 I-2-15 

 
such Second Priority Representative or such Second Priority Debt Party by injunction, specific performance or other appropriate equitable relief. Each Second Priority Representative, on behalf of
itself and each Second Priority Debt Party under its Second Priority Debt Facility, hereby (i) agrees that the Senior Secured Parties’ damages from the actions of the Second Priority Representatives or any Second Priority Debt Party may at
that time be difficult to ascertain and may be irreparable and waives any defense that the Borrowers, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (ii) irrevocably
waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any Senior Representative or any other Senior Secured Party. 

4. 
 Payments 

4.1. Application of Proceeds. So long as the Discharge of Senior Obligations has not occurred and regardless of whether an Insolvency
or Liquidation Proceeding has commenced, the Shared Collateral or Proceeds thereof received in connection with the sale or other disposition of, or collection on, such Shared Collateral upon the exercise of remedies shall be applied by the
Designated Senior Representative to the Senior Obligations in such order as specified in the relevant Senior Debt Documents (including the First Lien Intercreditor Agreement) until the Discharge of Senior Obligations has occurred. Upon the Discharge
of Senior Obligations, each applicable Senior Representative shall deliver promptly to the Designated Second Priority Representative any Shared Collateral or Proceeds thereof held by it in the same form as received, with any necessary endorsements,
or as a court of competent jurisdiction may otherwise direct, to be applied by the Designated Second Priority Representative to the Second Priority Debt Obligations in such order as specified in the relevant Second Priority Debt Documents. 

4.2. Payments Over. So long as the Discharge of Senior Obligations has not occurred, any Shared Collateral or Proceeds thereof received
by any Second Priority Representative or any Second Priority Debt Party in connection with the exercise of any right or remedy (including setoff) relating to the Shared Collateral shall be segregated and held in trust for the benefit of and
forthwith paid over to the Designated Senior Representative for the benefit of the Senior Secured Parties in the same form as received, with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. The Designated
Senior Representative is hereby authorized to make any such endorsements as agent for each of the Second Priority Representatives or any such Second Priority Debt Party. This authorization is coupled with an interest and is irrevocable. 

  
 I-2-16 

 5. 

Other Agreements 
 5.1.
Releases. 
 5.1.1. Each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second
Priority Debt Facility, agrees that, in the event of a sale, transfer or other disposition of any specified item of Shared Collateral (including all or substantially all of the equity interests of any Subsidiary of Parent) other than a release
granted upon or following the Discharge of Senior Obligations, the Liens granted to the Second Priority Representatives and the Second Priority Debt Parties upon such Shared Collateral to secure Second Priority Debt Obligations shall terminate and
be released, automatically and without any further action, concurrently with the termination and release of all Liens granted upon such Shared Collateral to secure Senior Obligations. Upon delivery to a Second Priority Representative of a notice
from Parent stating that any such termination and release of Liens securing the Senior Obligations has become effective (or shall become effective concurrently with such termination and release of the Liens granted to the Second Priority Debt
Parties and the Second Priority Representatives) and any necessary or proper instruments of termination or release prepared by the Borrowers or any other Grantor, such Second Priority Representative will promptly execute, deliver or acknowledge, at
the Borrowers’ or the other Grantor’s sole cost and expense, such instruments and take such further actions as the Borrowers or such Grantor may reasonably request to evidence such termination and release of the Liens. Nothing in this
Section 5.1.1 will be deemed to affect any agreement of a Second Priority Representative, for itself and on behalf of the Second Priority Debt Parties under its Second Priority Debt Facility, to release the Liens on the Second Priority
Collateral as set forth in the relevant Second Priority Debt Documents. 
 5.1.2. Each Second Priority Representative, for itself and on
behalf of each Second Priority Debt Party under its Second Priority Debt Facility, hereby irrevocably constitutes and appoints the Designated Senior Representative and any officer or agent of the Designated Senior Representative, with full power of
substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Second Priority Representative or such Second Priority Debt Party or in the Designated Senior Representative’s own
name, from time to time in the Designated Senior Representative’s discretion, for the purpose of carrying out the terms of Section 5.1.1, to take any and all appropriate action and to execute any and all documents and instruments
that may be necessary or desirable to accomplish the purposes of Section 5.1.1, including any termination statements, endorsements or other instruments of transfer or release. 

5.1.3. Unless and until the Discharge of Senior Obligations has occurred, each Second Priority Representative, for itself and on behalf of
each Second Priority Debt Party under its Second Priority Debt Facility, hereby consents to the application, whether prior to or after an event of default under any Senior Debt Document of proceeds of Shared Collateral to the repayment of Senior
Obligations pursuant to the Senior Debt Documents, provided that nothing in this Section 5.1.3 shall be construed to prevent or impair the rights of the Second Priority Representatives or the Second Priority Debt Parties to
receive proceeds in connection with the Second Priority Debt Obligations not otherwise in contravention of this Agreement. 
 5.1.4.
Notwithstanding anything to the contrary in any Second Priority Collateral Document, in the event the terms of a Senior Collateral Document and a Second Priority Collateral Document each require any Grantor (i) to make payment in respect of any
item of Shared Collateral, (ii) to deliver or afford control over any item of Shared Collateral to, or deposit any item of Shared Collateral with, (iii) to register ownership of any item of Shared

  
 I-2-17 

 
Collateral in the name of or make an assignment of ownership of any Shared Collateral or the rights thereunder to, (iv) cause any securities intermediary, commodity intermediary or other
Person acting in a similar capacity to agree to comply, in respect of any item of Shared Collateral, with instructions or orders from, or to treat, in respect of any item of Shared Collateral, as the entitlement holder, (v) hold any item of
Shared Collateral in trust for (to the extent such item of Shared Collateral cannot be held in trust for multiple parties under applicable law), (vi) obtain the agreement of a bailee or other third party to hold any item of Shared Collateral
for the benefit of or subject to the control of or, in respect of any item of Shared Collateral, to follow the instructions of or (vii) obtain the agreement of a landlord with respect to access to leased premises where any item of Shared
Collateral is located or waivers or subordination of rights with respect to any item of Shared Collateral in favor of, in any case, both the Designated Senior Representative and any Second Priority Representative or Second Priority Debt Party, such
Grantor may, until the applicable Discharge of Senior Obligations has occurred, comply with such requirement under the Second Priority Collateral Document as it relates to such Shared Collateral by taking any of the actions set forth above only with
respect to, or in favor of, the Designated Senior Representative. 
 5.2. Insurance and Condemnation Awards. Unless and until the
Discharge of Senior Obligations has occurred, the Designated Senior Representative and the Senior Secured Parties shall have the sole and exclusive right, subject to the rights of the Grantors under the Senior Debt Documents, (a) to be named as
additional insured and loss payee under any insurance policies maintained from time to time by any Grantor, (b) to adjust settlement for any insurance policy covering the Shared Collateral in the event of any loss thereunder and (c) to
approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral. Unless and until the Discharge of Senior Obligations has occurred, all proceeds of any such policy and any such award, if in respect of the Shared
Collateral, shall be paid (i) first, prior to the occurrence of the Discharge of Senior Obligations, to the Designated Senior Representative for the benefit of Senior Secured Parties pursuant to the terms of the Senior Debt Documents,
(ii) second, after the occurrence of the Discharge of Senior Obligations, to the Designated Second Priority Representative for the benefit of the Second Priority Debt Parties pursuant to the terms of the applicable Second Priority Debt
Documents and (iii) third, if no Second Priority Debt Obligations are outstanding, to the owner of the subject property, such other Person as may be entitled thereto or as a court of competent jurisdiction may otherwise direct. If any Second
Priority Representative or any Second Priority Debt Party shall, at any time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the Designated Senior
Representative in accordance with the terms of Section 4.2. 
 5.3. Amendments to Second Priority Collateral Documents.

 5.3.1. Except to the extent not prohibited by any Senior Debt Document, no Second Priority Debt Document may be amended, supplemented or
otherwise modified or entered into to the extent such amendment, supplement or modification, or the terms of any new Second Priority Debt Document, would be prohibited by or inconsistent with any of the terms of this Agreement without the consent of
each Senior Representative. The Borrowers agree to deliver to the Designated Senior Representative copies of (i) any amendments, supplements or other modifications to the Second Priority Debt Documents and (ii) any new Second Priority Debt

  
 I-2-18 

 
Documents, in each case promptly after effectiveness thereof. Each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt
Facility, agrees that each Second Priority Collateral Document under its Second Priority Debt Facility shall include the following language (or language to similar effect reasonably approved by the Designated Senior Representative): 

“Notwithstanding anything herein to the contrary, (i) the liens and security interests granted to the [Second Priority
Representative] pursuant to this Agreement are expressly subject and subordinate to the liens and security interests granted in favor of the Senior Secured Parties (as defined in the Intercreditor Agreement referred to below), including liens and
security interests granted to (a) Citibank, N.A., as administrative agent, pursuant to or in connection with the Credit Agreement, dated as of January 31, 2014 among the Borrowers, the lenders from time to time party thereto, Citibank,
N.A., as administrative agent and the other parties thereto, as amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time and (b) [—], as trustee
and collateral agent, pursuant to or in connection with the Indenture, dated as of [—], 20[—] among the Borrowers, as issuers, [—], as trustee and collateral agent and the other parties thereto, as amended, restated, amended and restated, supplemented or otherwise modified from time to time and (ii) the exercise of any right
or remedy by the [Second Priority Representative] hereunder is subject to the limitations and provisions of the Intercreditor Agreement dated as of [—],
201[—] (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), among Citibank, N.A., as Administrative Agent (as defined
therein), [—] and the Grantors party thereto. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Agreement, the terms of the Intercreditor Agreement
shall govern.” 
 5.3.2. In the event that each applicable Senior Representative and/or the Senior Secured Parties enter into any
amendment, waiver or consent in respect of or replace any of the Senior Collateral Documents for the purpose of adding to or deleting from, or waiving or consenting to any departures from any provisions of, any Senior Collateral Document or changing
in any manner the rights of the Senior Representatives, the Senior Secured Parties, the Borrowers or any other Grantor thereunder (including the release of any Liens in Senior Collateral) in a manner that is applicable to all Senior Facilities, then
such amendment, waiver, consent or replacement shall apply automatically to any comparable provision of each comparable Second Priority Collateral Document without the consent of any Second Priority Representative or any Second Priority Debt Party
and without any action by any Second Priority Representative, the Borrowers or any other Grantor; provided, however, that written notice of such amendment, waiver, consent or replacement shall have been given to each Second Priority
Representative within ten (10) Business Days after the effectiveness of such amendment, waiver, consent or replacement (provided that the failure to deliver such notice within such period shall not affect the effectiveness of such
amendment, waiver, consent or replacement). 
 5.4. Rights as Unsecured Creditors. Notwithstanding anything to the contrary in this
Agreement, the Second Priority Representatives and the Second Priority Debt Parties may exercise rights and remedies as unsecured creditors against the Borrowers and any other Grantor 

  
 I-2-19 

 
in accordance with the terms of the Second Priority Debt Documents and applicable law so long as such rights and remedies do not violate any express provision of this Agreement. Nothing in this
Agreement shall prohibit the receipt by any Second Priority Representative or any Second Priority Debt Party of the required payments of principal, premium, interest, fees and other amounts due under the Second Priority Debt Documents so long as
such receipt is not the direct or indirect result of the exercise by a Second Priority Representative or any Second Priority Debt Party of rights or remedies as a secured creditor in respect of Shared Collateral. In the event any Second Priority
Representative or any Second Priority Debt Party becomes a judgment lien creditor in respect of Shared Collateral as a result of its enforcement of its rights as an unsecured creditor in respect of Second Priority Debt Obligations, such judgment
lien shall be subordinated to the Liens securing Senior Obligations on the same basis as the other Liens securing the Second Priority Debt Obligations are so subordinated to such Liens securing Senior Obligations under this Agreement. Nothing in
this Agreement shall impair or otherwise adversely affect any rights or remedies the Senior Representatives or the Senior Secured Parties may have with respect to the Senior Collateral. 

5.5. Gratuitous Bailee for Perfection. 

5.5.1. Each Senior Representative acknowledges and agrees that if it shall at any time hold a Lien securing any Senior Obligations on any
Shared Collateral that can be perfected by the possession or control of such Shared Collateral or of any account in which such Shared Collateral is held, and if such Shared Collateral or any such account is in fact in the possession or under the
control of such Senior Representative, or of agents or bailees of such Person (such Shared Collateral being referred to herein as the “Pledged or Controlled Collateral”), or if it shall any time obtain any landlord waiver or
bailee’s letter or any similar agreement or arrangement granting it rights or access to Shared Collateral, the applicable Senior Representative shall also hold such Pledged or Controlled Collateral, or take such actions with respect to such
landlord waiver, bailee’s letter or similar agreement or arrangement, as sub-agent or gratuitous bailee for the relevant Second Priority Representatives, in each case solely for the purpose of perfecting the Liens granted under the relevant
Second Priority Collateral Documents and subject to the terms and conditions of this Section 5.5. 
 5.5.2. In the event that
any Senior Representative (or its agents or bailees) has Lien filings against Intellectual Property that is part of the Shared Collateral that are necessary for the perfection of Liens in such Shared Collateral, such Senior Representative agrees to
hold such Liens as sub-agent and gratuitous bailee for the relevant Second Priority Representatives and any assignee thereof, solely for the purpose of perfecting the security interest granted in such Liens pursuant to the relevant Second Priority
Collateral Documents, subject to the terms and conditions of this Section 5.5. 
 5.5.3. Except as otherwise specifically
provided herein, until the Discharge of Senior Obligations has occurred, the Senior Representatives and the Senior Secured Parties shall be entitled to deal with the Pledged or Controlled Collateral in accordance with the terms of the Senior Debt
Documents as if the Liens under the Second Priority Collateral Documents did not exist. The rights of the Second Priority Representatives and the Second Priority Debt Parties with respect to the Pledged or Controlled Collateral shall at all times be
subject to the terms of this Agreement. 

  
 I-2-20 

 5.5.4. The Senior Representatives and the Senior Secured Parties shall have no obligation
whatsoever to the Second Priority Representatives or any Second Priority Debt Party to assure that any of the Pledged or Controlled Collateral is genuine or owned by the Grantors or to protect or preserve rights or benefits of any Person or any
rights pertaining to the Shared Collateral, except as expressly set forth in this Section 5.5. The duties or responsibilities of the Senior Representatives under this Section 5.5 shall be limited solely to holding or
controlling the Shared Collateral and the related Liens referred to in Sections 5.5.1 and 5.5.2 as sub-agent and gratuitous bailee for the relevant Second Priority Representative for purposes of perfecting the Lien held by such Second
Priority Representative. 
 5.5.5. The Senior Representatives shall not have by reason of the Second Priority Collateral Documents or this
Agreement, or any other document, a fiduciary relationship in respect of any Second Priority Representative or any Second Priority Debt Party, and each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under
its Second Priority Debt Facility, hereby waives and releases the Senior Representatives from all claims and liabilities arising pursuant to the Senior Representatives’ roles under this Section 5.5 as sub-agents and gratuitous
bailees with respect to the Shared Collateral. 
 5.5.6. Upon the Discharge of Senior Obligations, each applicable Senior Representative
shall, at the Grantors’ sole cost and expense, (i) (A) deliver to the Designated Second Priority Representative, to the extent that it is legally permitted to do so, all Shared Collateral, including all proceeds thereof, held or
controlled by such Senior Representative or any of its agents or bailees, including the transfer of possession and control, as applicable, of the Pledged or Controlled Collateral, together with any necessary endorsements and notices to depositary
banks, securities intermediaries and commodities intermediaries, and assign its rights under any landlord waiver or bailee’s letter or any similar agreement or arrangement granting it rights or access to Shared Collateral, or (B) direct
and deliver such Shared Collateral as a court of competent jurisdiction may otherwise direct, (ii) notify any applicable insurance carrier that it is no longer entitled to be a loss payee or additional insured under the insurance policies of
any Grantor issued by such insurance carrier and (iii) notify any governmental authority involved in any condemnation or similar proceeding involving any Grantor that the Designated Second Priority Representative is entitled to approve any
awards granted in such proceeding. The Borrowers and the other Grantors shall take such further action as is required to effectuate the transfer contemplated hereby, and the Borrowers and the other Grantors shall indemnify each Senior Representative
for loss or damage suffered by such Senior Representative as a result of such transfer, except for loss or damage suffered by any such Person as a result of its own willful misconduct, gross negligence or bad faith. The Senior Representatives have
no obligations to follow instructions from any Second Priority Representative or any other Second Priority Debt Party in contravention of this Agreement. 

5.5.7. None of the Senior Representatives nor any of the other Senior Secured Parties shall be required to marshal any present or future
collateral security for any obligations of the Borrowers or any Subsidiary of Parent to any Senior Representative or any Senior Secured Party under the Senior Debt Documents or any assurance of payment in respect thereof, or to resort to such
collateral security or other assurances of payment in any particular order, and all of their rights in respect of such collateral security or any assurance of payment in respect thereof shall be cumulative and in addition to all other rights,
however existing or arising. 

  
 I-2-21 

 5.6. When Discharge of Senior Obligations Deemed To Not Have Occurred. If, at any time
concurrently with or after the Discharge of Senior Obligations has occurred, the Borrowers or any Subsidiary of Parent enter into any Refinancing of any Senior Obligations, then such Discharge of Senior Obligations shall automatically be deemed not
to have occurred for all purposes of this Agreement (other than with respect to any actions taken prior to the date of such designation as a result of the occurrence of such first Discharge of Senior Obligations) and the applicable agreement
governing such Senior Obligations shall automatically be treated as a Senior Debt Document for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Shared Collateral set forth herein and the agent,
representative or trustee for the holders of such Senior Obligations shall be the Senior Representative for all purposes of this Agreement. Upon receipt of notice of such incurrence (including the identity of the new Senior Representative), each
Second Priority Representative (including the Designated Second Priority Representative) shall promptly (a) enter into such documents and agreements, including amendments or supplements to this Agreement, as the Borrowers or such new Senior
Representative shall reasonably request in writing in order to provide the new Senior Representative the rights of a Senior Representative contemplated hereby, (b) deliver to such Senior Representative, to the extent that it is legally
permitted to do so, all Shared Collateral, including all proceeds thereof, held or controlled by such Second Priority Representative or any of its agents or bailees, including the transfer of possession and control, as applicable, of the Pledged or
Controlled Collateral, together with any necessary endorsements and notices to depositary banks, securities intermediaries and commodities intermediaries, and assign its rights under any landlord waiver or bailee’s letter or any similar
agreement or arrangement granting it rights or access to Shared Collateral, (c) notify any applicable insurance carrier that it is no longer entitled to be a loss payee or additional insured under the insurance policies of any Grantor issued by
such insurance carrier and (d) notify any governmental authority involved in any condemnation or similar proceeding involving a Grantor that the new Senior Representative is entitled to approve any awards granted in such proceeding. 

5.7. Purchase Right. Without prejudice to the enforcement of the Senior Secured Parties remedies, the Senior Secured Parties agree that
following (a) acceleration of the Senior Obligations in accordance with the terms of any Senior Debt Document, (b) a payment default under any Senior Debt Document that has not been cured or waived by the Senior Secured Parties within
sixty (60) days of the occurrence thereof or (c) the commencement of an Insolvency or Liquidation Proceeding (each, a “Purchase Event”), within thirty (30) days of the Purchase Event, one or more of the Second
Priority Debt Parties may request, and the Senior Secured Parties hereby offer the Second Priority Debt Parties the option, to purchase all, but not less than all, of the aggregate amount of outstanding Senior Obligations outstanding at the time of
purchase at par, plus any accrued and unpaid interest and fees, without warranty or representation or recourse (except for representations and warranties required to be made by assigning lenders pursuant to the Assignment and Assumption (as such
term is defined in the Credit Agreement)). If such right is exercised, the parties shall endeavor to close promptly thereafter but in any event within ten (10) Business Days of the request. If one or more of the Second Priority Debt Parties
exercise such purchase right, it shall be exercised pursuant to documentation mutually acceptable to each Senior Representative, each Second Priority Representative and the Borrowers. If none of the Second Priority Debt Parties exercise such right,
the Senior Secured Parties shall have no further obligations pursuant to this Section 5.7 for such Purchase Event and may take any further actions in their sole discretion in accordance with the Senior Debt Documents and this Agreement.

  
 I-2-22 

 6. 

Insolvency or Liquidation Proceedings. 

6.1. Financing Issues. Until the Discharge of Senior Obligations has occurred, if the Borrowers or any other Grantor shall be subject
to any Insolvency or Liquidation Proceeding and any Senior Representative or any Senior Secured Party shall desire to consent (or not object) to the sale, use or lease of cash or other collateral or to consent (or not object) to the Borrowers’
or any other Grantor’s obtaining financing under Section 363 or Section 364 of the Bankruptcy Code or any similar provision of any other Bankruptcy Law (“DIP Financing”), then each Second Priority Representative, for
itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, agrees that it will raise no (a) objection to and will not otherwise contest such sale, use or lease of such cash or other collateral or such DIP
Financing and, except to the extent permitted by the proviso in clause (ii) of Section 3.1.1 and Section 6.3, will not request adequate protection or any other relief in connection therewith and, to the extent the
Liens securing any Senior Obligations are subordinated or pari passu with such DIP Financing, will subordinate (and will be deemed hereunder to have subordinated) its Liens in the Shared Collateral to (x) such DIP Financing (and all obligations
relating thereto) on the same basis as the Liens securing the Second Priority Debt Obligations are so subordinated to Liens securing Senior Obligations under this Agreement, (y) any adequate protection Liens provided to the Senior Secured
Parties, and (z) to any “carve-out” for professional and United States Trustee fees agreed to by the Senior Representatives, (b) objection to (and will not otherwise contest) any motion for relief from the automatic stay
or from any injunction against foreclosure or enforcement in respect of Senior Obligations made by any Senior Representative or any other Senior Secured Party, (c) objection to (and will not otherwise contest) any exercise by any Senior Secured
Party of the right to credit bid Senior Obligations at any sale in foreclosure of Senior Collateral under Section 363(k) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law, (d) objection to (and will not otherwise
contest) any other request for judicial relief made in any court by any Senior Secured Party relating to the lawful enforcement of any Lien on Senior Collateral or (e) objection to (and will not otherwise contest or oppose) any order relating
to a sale or other disposition of assets of any Grantor to which any Senior Representative has consented or not objected that provides, to the extent such sale or other disposition is to be free and clear of Liens, that the Liens securing the Senior
Obligations and the Second Priority Debt Obligations will attach to the proceeds of the sale on the same basis of priority as the Liens on the Shared Collateral securing the Senior Obligations rank to the Liens on the Shared Collateral securing the
Second Priority Debt Obligations pursuant to this Agreement. Each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, agrees that notice received two (2) Business
Days prior to the entry of an order approving such usage of cash or other collateral or approving such financing shall be adequate notice. 

6.2. Relief from the Automatic Stay. Until the Discharge of Senior Obligations has occurred, each Second Priority Representative, for
itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, agrees that none of them shall seek relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding or take any action in
derogation thereof, in each case in respect of any Shared Collateral, without the prior written consent of the Designated Senior Representative. 

  
 I-2-23 

 6.3. Adequate Protection. Each Second Priority Representative, for itself and on behalf of
each Second Priority Debt Party under its Second Priority Debt Facility, agrees that none of them shall (A) object, contest or support any other Person objecting to or contesting (a) any request by any Senior Representative or any Senior
Secured Parties for adequate protection, (b) any objection by any Senior Representative or any Senior Secured Parties to any motion, relief, action or proceeding based on any Senior Representative’s or Senior Secured Party’s claiming
a lack of adequate protection or (c) the payment of interest, fees, expenses or other amounts of any Senior Representative or any other Senior Secured Party under Section 506(b) of the Bankruptcy Code or any similar provision of any other
Bankruptcy Law or (B) assert or support any claim for costs or expenses of preserving or disposing of any Collateral under Section 506(c) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law. Notwithstanding anything
contained in this Section 6.3 or in Section 6.1, in any Insolvency or Liquidation Proceeding, (i) if the Senior Secured Parties (or any subset thereof) are granted adequate protection in the form of additional collateral
or superpriority claims in connection with any DIP Financing or use of cash collateral under Section 363 or 364 of the Bankruptcy Code or any similar provision of any other Bankruptcy Law, then each Second Priority Representative, for itself
and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, may seek or request adequate protection in the form of a replacement Lien or superpriority claim on such additional collateral, which (A) Lien is
subordinated to the Liens securing all Senior Obligations and such DIP Financing (and all obligations relating thereto) on the same basis as the other Liens securing the Second Priority Debt Obligations are so subordinated to the Liens securing
Senior Obligations under this Agreement and (B) superpriority claim is subordinated to all superpriority claims of the Senior Secured Parties on the same basis as the other claims of the Second Priority Debt Parties are so subordinated to the
claims of the Senior Secured Parties under this Agreement, (ii) in the event any Second Priority Representatives, for themselves and on behalf of the Second Priority Debt Parties under their Second Priority Debt Facilities, seek or request
adequate protection and such adequate protection is granted (in each instance, to the extent such grant is otherwise permissible under the terms and conditions of this Agreement) in the form of additional or replacement collateral, then such Second
Priority Representatives, for themselves and on behalf of each Second Priority Debt Party under their Second Priority Debt Facilities, agree that each Senior Representative shall also be granted a senior Lien on such additional or replacement
collateral as security for the Senior Obligations and any such DIP Financing and that any Lien on such additional or replacement collateral securing the Second Priority Debt Obligations shall be subordinated to the Liens on such collateral securing
the Senior Obligations and any such DIP Financing (and all obligations relating thereto) and any other Liens granted to the Senior Secured Parties as adequate protection on the same basis as the other Liens securing the Second Priority Debt
Obligations are so subordinated to such Liens securing Senior Obligations under this Agreement and (iii) in the event any Second Priority Representatives, for themselves and on behalf of the Second Priority Debt Parties under their Second
Priority Debt Facilities, seek or request adequate protection and such adequate protection is granted (in each instance, to the extent such grant is otherwise permissible under the terms and conditions of this Agreement) in the form of a
superpriority claim, then such Second Priority Representatives, for themselves and on behalf of each Second Priority Debt Party under their Second Priority Debt Facilities, agree that each Senior 

  
 I-2-24 

 
Representative shall also be granted adequate protection in the form of a superpriority claim, which superpriority claim shall be senior to the superpriority claim of the Second Priority Debt
Parties. 
 6.4. Preference Issues. If any Senior Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise
to disgorge, turn over or otherwise pay any amount to the estate of Parent, any Borrower or any other Grantor (or any trustee, receiver or similar Person therefor), because the payment of such amount was declared to be fraudulent or preferential in
any respect or for any other reason, any amount (a “Recovery”), whether received as proceeds of security, enforcement of any right of setoff or otherwise, then the Senior Obligations shall be reinstated to the extent of such
Recovery and deemed to be outstanding as if such payment had not occurred and the Senior Secured Parties shall be entitled to the benefits of this Agreement until a Discharge of Senior Obligations with respect to all such recovered amounts. If this
Agreement shall have been terminated prior to such Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties
hereto. Each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, hereby agrees that none of them shall be entitled to benefit from any avoidance action affecting or
otherwise relating to any distribution or allocation made in accordance with this Agreement, whether by preference or otherwise, it being understood and agreed that the benefit of such avoidance action otherwise allocable to them shall instead be
allocated and turned over for application in accordance with the priorities set forth in this Agreement. 
 6.5. Separate Grants of
Security and Separate Classifications. Each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, acknowledges and agrees that (a) the grants of Liens pursuant
to the Senior Collateral Documents and the Second Priority Collateral Documents constitute separate and distinct grants of Liens and (b) because of, among other things, their differing rights in the Shared Collateral, the Second Priority Debt
Obligations are fundamentally different from the Senior Obligations and must be separately classified in any plan of reorganization proposed or adopted in an Insolvency or Liquidation Proceeding. To further effectuate the intent of the parties as
provided in the immediately preceding sentence, if it is held that any claims of the Senior Secured Parties and the Second Priority Debt Parties in respect of the Shared Collateral constitute a single class of claims (rather than separate classes of
senior and junior secured claims), then each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, hereby acknowledges and agrees that all distributions shall be made as
if there were separate classes of senior and junior secured claims against the Grantors in respect of the Shared Collateral (with the effect being that, to the extent that the aggregate value of the Shared Collateral is sufficient (for this purpose
ignoring all claims held by the Second Priority Debt Parties), the Senior Secured Parties shall be entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in
respect of post-petition interest (whether or not allowed or allowable) before any distribution is made in respect of the Second Priority Debt Obligations, with each Second Priority Representative, for itself and on behalf of each Second Priority
Debt Party under its Second Priority Debt Facility, hereby acknowledging and agreeing to turn over to the Designated Senior Representative amounts otherwise received or receivable by them to the extent necessary to effectuate the intent of this
sentence, even if such turnover has the effect of reducing the claim or recovery of the Second Priority Debt Parties. 

  
 I-2-25 

 6.6. No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall,
except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt
Party, including the seeking by any Second Priority Debt Party of adequate protection or the assertion by any Second Priority Debt Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise. 

6.7. Application. This Agreement, which the parties hereto expressly acknowledge is a “subordination agreement” under
Section 510(a) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law, shall be effective before, during and after the commencement of any Insolvency or Liquidation Proceeding. The relative rights as to the Shared
Collateral and proceeds thereof shall continue after the commencement of any Insolvency or Liquidation Proceeding on the same basis as prior to the date of the petition therefor, subject to any court order approving the financing of, or use of cash
collateral by, any Grantor. All references herein to any Grantor shall include such Grantor as a debtor-in-possession and any receiver or trustee for such Grantor. 

6.8. Other Matters. To the extent that any Second Priority Representative or any Second Priority Debt Party has or acquires rights
under Section 363 or Section 364 of the Bankruptcy Code or any similar provision of any other Bankruptcy Law with respect to any of the Shared Collateral, such Second Priority Representative, on behalf of itself and each Second Priority
Debt Party under its Second Priority Debt Facility, or such Second Priority Debt Party agrees not to assert any such rights without the prior written consent of each Senior Representative, provided that if requested by any Senior
Representative, such Second Priority Representative shall timely exercise such rights in the manner requested by the Senior Representatives (acting unanimously), including any rights to payments in respect of such rights. 

6.9. 506(c) Claims. Until the Discharge of Senior Obligations has occurred, each Second Priority Representative, on behalf of itself
and each Second Priority Debt Party under its Second Priority Debt Facility, agrees that it will not assert or enforce any claim under Section 506(c) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law senior to or on a
parity with the Liens securing the Senior Obligations for costs or expenses of preserving or disposing of any Shared Collateral. 
 6.10.
Reorganization Securities. (a) If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization
or similar dispositive restructuring plan, on account of both the Senior Obligations and the Second Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Second
Priority Debt Obligations are secured by Liens upon the same assets, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt
obligations. 
 (b) Each Second Priority Debt Party (whether in the capacity of a secured creditor or an unsecured creditor) shall not
propose, vote in favor of, or otherwise directly or indirectly 

  
 I-2-26 

 
support any plan of reorganization that is inconsistent with the priorities or other provisions of this Agreement, other than with the prior written consent of the Designated Senior
Representative or to the extent any such plan is proposed or supported by the number of Senior Secured Parties required under Section 1126(d) of the Bankruptcy Code. 

6.11. Section 1111(b) of the Bankruptcy Code. Each Second Priority Representative, for itself and on behalf of each Second
Priority Debt Party under its Second Priority Debt Facility, shall not object to, oppose, support any objection, or take any other action to impede, the right of any Senior Secured Party to make an election under Section 1111(b)(2) of the
Bankruptcy Code. Each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, waives any claim it may hereafter have against any senior claimholder arising out of the
election by any Senior Secured Party of the application of Section 1111(b)(2) of the Bankruptcy Code. 
 7. 

Reliance; Etc. 
 7.1.
Reliance. All loans and other extensions of credit made or deemed made on and after the date hereof by the Senior Secured Parties to Parent or any of its Subsidiaries shall be deemed to have been given and made in reliance upon this
Agreement. Each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility, acknowledges that it and such Second Priority Debt Parties have, independently and without reliance on
any Senior Representative or other Senior Secured Party, and based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into the Second Priority Debt Documents to which they are party or by
which they are bound, this Agreement and the transactions contemplated hereby and thereby, and they will continue to make their own credit decisions in taking or not taking any action under the Second Priority Debt Documents or this Agreement. 

7.2. No Warranties or Liability. Each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its
Second Priority Debt Facility, acknowledges and agrees that neither any Senior Representative nor any other Senior Secured Party has made any express or implied representation or warranty, including with respect to the execution, validity, legality,
completeness, collectability or enforceability of any of the Senior Debt Documents, the ownership of any Shared Collateral or the perfection or priority of any Liens thereon. The Senior Secured Parties will be entitled to manage and supervise their
respective loans and extensions of credit under the Senior Debt Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate, and the Senior Secured Parties may manage their loans and extensions of credit
without regard to any rights or interests that the Second Priority Representatives and the Second Priority Debt Parties have in the Shared Collateral or otherwise, except as otherwise provided in this Agreement. Neither any Senior Representative nor
any other Senior Secured Party shall have any duty to any Second Priority Representative or Second Priority Debt Party to act or refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event of default or
default under any agreement with Parent or any of its Subsidiaries (including the Second Priority Debt Documents), regardless of any knowledge thereof that they may have or be charged with. 

  
 I-2-27 

 
Except as expressly set forth in this Agreement, the Senior Representatives, the Senior Secured Parties, the Second Priority Representatives and the Second Priority Debt Parties have not
otherwise made to each other, nor do they hereby make to each other, any warranties, express or implied, nor do they assume any liability to each other with respect to (a) the enforceability, validity, value or collectability of any of the
Senior Obligations, the Second Priority Debt Obligations or any guarantee or security which may have been granted to any of them in connection therewith, (b) any Grantor’s title to or right to transfer any of the Shared Collateral or
(c) any other matter except as expressly set forth in this Agreement. 
 7.3. Obligations Unconditional. All rights, interests,
agreements and obligations of the Senior Representatives, the Senior Secured Parties, the Second Priority Representatives and the Second Priority Debt Parties hereunder shall remain in full force and effect irrespective of: 

(a) any lack of validity or enforceability of any Senior Debt Document or any Second Priority Debt Document; 

(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the Senior Obligations or Second
Priority Debt Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other Senior Debt Document or of the
terms of any Second Priority Debt Document; 
 (c) any exchange of any security interest in any Shared Collateral or any other
collateral or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the Senior Obligations or Second Priority Debt Obligations or any guarantee thereof; 

(d) the commencement of any Insolvency or Liquidation Proceeding in respect of Parent or any other Grantor; or 

(e) any other circumstances that otherwise might constitute a defense available to (i) the Borrowers or any other Grantor in respect
of the Senior Obligations (other than the Discharge of Senior Obligations subject to Sections 5.6 and 6.4) or (ii) any Second Priority Representative or Second Priority Debt Party in respect of this Agreement. 

8. 
 Miscellaneous 

8.1. Conflicts. Subject to Section 8.22, in the event of any conflict between the provisions of this Agreement and the
provisions of any Senior Debt Document or any Second Priority Debt Document, the provisions of this Agreement shall govern. Notwithstanding the foregoing, the relative rights and obligations of the Administrative Agent, the Senior Representatives
and the Senior Secured Parties (as amongst themselves) with respect to any Senior Collateral shall be governed by the terms of the First Lien Intercreditor Agreement and in the event of any conflict between the First Lien Intercreditor Agreement and
this Agreement, the provisions of the First Lien Intercreditor Agreement shall control. 

  
 I-2-28 

 8.2. Continuing Nature of this Agreement; Severability. Subject to
Section 6.4, this Agreement shall continue to be effective until the Discharge of Senior Obligations shall have occurred. This is a continuing agreement of Lien subordination, and the Senior Secured Parties may continue, at any time and
without notice to the Second Priority Representatives or any Second Priority Debt Party, to extend credit and other financial accommodations and lend monies to or for the benefit of Parent or any of its Subsidiaries constituting Senior Obligations
in reliance hereon. The terms of this Agreement shall survive and continue in full force and effect in any Insolvency or Liquidation Proceeding. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall not
invalidate the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations
to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

8.3. Amendments; Waivers. No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate
as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other
right or power. The rights and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party
therefrom shall in any event be effective unless the same shall be permitted by Section 8.3.2, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on
any party hereto in any case shall entitle such party to any other or further notice or demand in similar or other circumstances. 
 8.3.1.
This Agreement may be amended in writing signed by each Representative (in each case, acting in accordance with the documents governing the applicable Debt Facility); provided that any such amendment, supplement or waiver which by the terms
of this Agreement requires the Borrowers’ consent or which increases the obligations or reduces the rights of, or otherwise materially adversely affects, the Borrowers or any other Grantor, shall require the consent of the Borrowers. Any such
amendment, supplement or waiver shall be in writing and shall be binding upon the Senior Secured Parties and the Second Priority Debt Parties and their respective successors and assigns. 

8.3.2. Notwithstanding the foregoing, without the consent of any Secured Party (and with respect to any amendment or modification which by the
terms of this Agreement requires the Borrowers’ consent or which increases the obligations or reduces the rights of the Borrowers or any other Grantor, with the consent of the Borrowers), any Representative may become a party hereto by
execution and delivery of a Joinder Agreement in accordance with Section 8.9 of this Agreement and upon such execution and delivery, such Representative and the Secured Parties and Senior Obligations or Second Priority Debt Obligations
of the Debt Facility for which such Representative is acting shall be subject to the terms hereof. 
 8.4. Information Concerning
Financial Condition of Parent and the Subsidiaries. The Senior Representatives, the Senior Secured Parties, the Second Priority Representatives and the 

  
 I-2-29 

 
Second Priority Secured Parties shall each be responsible for keeping themselves informed of (a) the financial condition of Parent and its Subsidiaries and all endorsers or guarantors of the
Senior Obligations or the Second Priority Debt Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the Senior Obligations or the Second Priority Debt Obligations. The Senior Representatives, the Senior Secured
Parties, the Second Priority Representatives and the Second Priority Secured Parties shall have no duty to advise any other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise. In the
event that any Senior Representative, any Senior Secured Party, any Second Priority Representative or any Second Priority Debt Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to any other
party, it shall be under no obligation to (i) make, and the Senior Representatives, the Senior Secured Parties, the Second Priority Representatives and the Second Priority Debt Parties shall not make or be deemed to have made, any express or
implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided, (ii) provide any additional information or to provide any such information on any subsequent
occasion, (iii) undertake any investigation or (iv) disclose any information that, pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain
confidential. 
 8.5. Subrogation. Each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under
its Second Priority Debt Facility, hereby waives any rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of Senior Obligations has occurred. 

8.6. Application of Payments. Except as otherwise provided herein, all payments received by the Senior Secured Parties may be applied,
reversed and reapplied, in whole or in part, to such part of the Senior Obligations as the Senior Secured Parties, in their sole discretion, deem appropriate, consistent with the terms of the Senior Debt Documents. Except as otherwise provided
herein, each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility, assents to any such extension or postponement of the time of payment of the Senior Obligations or any part
thereof and to any other indulgence with respect thereto, to any substitution, exchange or release of any security that may at any time secure any part of the Senior Obligations and to the addition or release of any other Person primarily or
secondarily liable therefor. 
 8.7. Additional Grantors. The Borrowers and Parent agree that, if any Subsidiary of Parent shall
become a Grantor after the date hereof, they will promptly cause such Subsidiary to become party hereto by executing and delivering an instrument in the form of Annex II. Upon such execution and delivery, such Subsidiary will become a Grantor
hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of such instrument shall not require the consent of any other party hereunder, and will be acknowledged by the Designated Second Priority
Representative and the Designated Senior Representative. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement. 

8.8. [RESERVED]. 

  
 I-2-30 

 8.9. Additional Debt Facilities. To the extent, but only to the extent, permitted by the
provisions of the then effective Senior Debt Documents and Second Priority Debt Documents, the Borrowers may incur or issue and sell one or more series or classes of Second Priority Debt and one or more series or classes of Additional Senior Debt.
Any such additional class or series of Second Priority Debt (the “Second Priority Class Debt”) may be secured by a second priority, subordinated Lien on Shared Collateral, in each case under and pursuant to the relevant Second
Priority Collateral Documents for such Second Priority Class Debt, if and subject to the condition that the Representative of any such Second Priority Class Debt (each, a “Second Priority Class Debt Representative”), acting on
behalf of the holders of such Second Priority Class Debt (such Representative and holders in respect of any Second Priority Class Debt being referred to as the “Second Priority Class Debt Parties”), becomes a party to this Agreement
by satisfying the conditions set forth in Sections 8.9.1 and 8.9.2, as applicable. Any such additional class or series of Senior Facilities (the “Senior Class Debt”; and the Senior Class Debt and Second Priority Class
Debt, collectively, the “Class Debt”) may be secured by a senior Lien on Shared Collateral, in each case under and pursuant to the relevant Senior Collateral Documents, if and subject to the condition that the Representative of any
such Senior Class Debt (each, a “Senior Class Debt Representative”; and the Senior Class Debt Representatives and Second Priority Class Debt Representatives, collectively, the “Class Debt Representatives”), acting
on behalf of the holders of such Senior Class Debt (such Representative and holders in respect of any such Senior Class Debt being referred to as the “Senior Class Debt Parties”; and the Senior Class Debt Parties and Second Priority
Class Debt Parties, collectively, the “Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in Sections 8.9.1 and 8.9.2, as applicable. In order for a Class Debt Representative
to become a party to this Agreement: 
 8.9.1. such Class Debt Representative shall have executed and delivered a Joinder Agreement
substantially in the form of Annex III (if such Representative is a Second Priority Class Debt Representative) or Annex IV (if such Representative is a Senior Class Debt Representative) (with such changes as may be reasonably approved by the
Designated Senior Representative and such Class Debt Representative) pursuant to which it becomes a Representative hereunder, and the Class Debt in respect of which such Class Debt Representative is the Representative constitutes Additional Senior
Debt Obligations or Second Priority Debt Obligations, as applicable, and the related Class Debt Parties become subject hereto and bound hereby as Additional Senior Debt Parties or Second Priority Debt Parties, as applicable; 

8.9.2. the Borrowers (a) shall have delivered to the Designated Senior Representative an Officer’s Certificate identifying the
obligations to be designated as Additional Senior Debt Obligations or Second Priority Debt Obligations, as applicable, and the initial aggregate principal amount or face amount thereof and certifying that such obligations are permitted to be
incurred and secured (I) in the case of Additional Senior Debt Obligations, on a senior basis under each of the Senior Debt Documents and (II) in the case of Second Priority Debt Obligations, on a junior basis under each of the Second Priority
Debt Documents and (b) if requested, shall have delivered true and complete copies of each of the Second Priority Debt Documents or Senior Debt Documents, as applicable, relating to such Class Debt, certified as being true and correct by an
authorized officer of each Borrower; and 

  
 I-2-31 

 8.9.3. the Second Priority Debt Documents or Senior Debt Documents, as applicable, relating to
such Class Debt shall provide that each Class Debt Party with respect to such Class Debt will be subject to and bound by the provisions of this Agreement in its capacity as a holder of such Class Debt. 

8.10. Refinancings. The Senior Obligations and the Second Priority Debt may be refinanced or replaced, in whole or in part, in each
case, without notice to, or the consent (except to the extent a consent is otherwise required to permit the refinancing transaction under any Senior Debt Document or any Second Priority Debt Document) of any Senior Representative or any Secured
Party, all without affecting the Lien priorities provided for herein or the other provisions hereof. The Second Priority Representative hereby agrees that at the request of the Borrowers in connection with refinancing or replacement of Senior
Obligations (“Replacement Senior Obligations”) it will enter into an agreement in form and substance reasonably acceptable to the Second Priority Representative with the agent for the Replacement Senior Obligations containing terms
and conditions substantially similar to the terms and conditions of this Agreement. 
 8.11. Consent to Jurisdiction; Waivers. Each
Representative, on behalf of itself and the Secured Parties of the Debt Facility for which it is acting, irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the Collateral Documents, or for
recognition and enforcement of any judgment in respect thereof, to the exclusive jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern District of New York, and appellate courts from any
thereof; 
 (b) consents and agrees that any such action or proceeding shall be brought in such courts and waives any objection that it
may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified
mail (or any substantially similar form of mail), postage prepaid, to such Person (or its Representative) at the address referred to in Section 8.12; 

(d) agrees that nothing herein shall affect the right of any other party hereto (or any Secured Party) to effect service of process in
any other manner permitted by law; and 
 (e) waives, to the maximum extent not prohibited by law, any right it may have to claim or
recover in any legal action or proceeding referred to in this Section 8.11 any special, exemplary, punitive or consequential damages. 

8.12. Notices. All notices, requests, demands and other communications provided for or permitted hereunder shall be in writing and
shall be sent: 
 (a) if to the Borrowers or any other Grantor, to Parent, at its address at: 405 Lexington Avenue, New York, NY 10174,
Attention of [—], electronic mail [—]; 

(b) if to the Initial Second Priority Representative to it at: [—], Attention of [—], telecopy [—]; 

  
 I-2-32 

 (c) if to the Administrative Agent, to it at: Citibank, N.A., 388 Greenwich Street, New York, NY
10013, Attention of [—], (Fax No.: [—]) (e-mail: [—]), with a copy]; 

(d) if to any other Senior Representative a party hereto on the date hereof, to it at:
[—], Attention of [—], telecopy [—]; and 

(e) if to any other Representative, to it at the address specified by it in the Joinder Agreement delivered by it pursuant to
Section 8.9. 
 Unless otherwise specifically provided herein, any notice or other communication herein required or permitted to be given shall
be in writing and, may be personally served, telecopied, electronically mailed or sent by courier service or U.S. mail and shall be deemed to have been given when delivered in person or by courier service, upon receipt of a telecopy or electronic
mail or upon receipt via U.S. mail (registered or certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of the parties hereto shall be as set forth above or, as to each party, at such other address as may be
designated by such party in a written notice to all of the other parties. 
 8.13. Further Assurances. Each Senior Representative, on
behalf of itself and each Senior Secured Party under the Senior Facility for which it is acting, each Second Priority Representative, on behalf of itself, and each Second Priority Debt Party under its Second Priority Debt Facility, agrees that it
will take such further action and shall execute and deliver such additional documents and instruments (in recordable form, if requested) as the other parties hereto may reasonably request to effectuate the terms of, and the Lien priorities
contemplated by, this Agreement. 
 8.14. GOVERNING LAW; WAIVER OF JURY TRIAL. 

(A) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY CONFLICTS OF LAWS PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

(B) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS
AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN. 
 8.15. Binding on Successors and Assigns. This Agreement shall be binding upon the
Senior Representatives, the Senior Secured Parties, the Second Priority Representatives, the Second Priority Debt Parties, the Borrower, the other Grantors party hereto and their respective successors and assigns. 

8.16. Section Titles. The section titles contained in this Agreement are and shall be without substantive meaning or content of any
kind whatsoever and are not a part of this Agreement. 

  
 I-2-33 

 8.17. Counterparts. This Agreement may be executed in one or more counterparts, including
by means of facsimile or other electronic method, each of which shall be an original and all of which shall together constitute one and the same document. Delivery of an executed signature page to this Agreement by facsimile or other electronic
transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 
 8.18. Authorization. By its
signature, each Person executing this Agreement on behalf of a party hereto represents and warrants to the other parties hereto that it is duly authorized to execute this Agreement. The Administrative Agent represents and warrants that this
Agreement is binding upon the General Credit Facilities Secured Parties. The Initial Second Priority Representative represents and warrants that this Agreement is binding upon the Initial Second Priority Debt Parties. 

8.19. No Third Party Beneficiaries; Successors and Assigns. The lien priorities set forth in this Agreement and the rights and benefits
hereunder in respect of such lien priorities shall inure solely to the benefit of the Senior Representatives, the Senior Secured Parties, the Second Priority Representatives and the Second Priority Debt Parties, and their respective permitted
successors and assigns, and no other Person (including the Grantors, or any trustee, receiver, debtor in possession or bankruptcy estate in a bankruptcy or like proceeding) shall have or be entitled to assert such rights. 

8.20. Effectiveness. This Agreement shall become effective when executed and delivered by the parties hereto. 

8.21. Administrative Agent and Representative. It is understood and agreed that the Administrative Agent is entering into this
Agreement in its capacity as administrative agent and collateral agent under the Credit Agreement and the provisions of Article IX of the Credit Agreement applicable to the Agents (as defined therein) thereunder shall also apply to the
Administrative Agent hereunder. 
 8.22. Relative Rights. Notwithstanding anything in this Agreement to the contrary (except to the
extent contemplated by Section 5.1.1, 5.1.4 or 5.3.2), nothing in this Agreement is intended to or will (a) amend, waive or otherwise modify the provisions of the Credit Agreement, any other Senior Debt Document or any
Second Priority Debt Documents, (b) change the relative priorities of the Senior Obligations or the Liens granted under the Senior Collateral Documents on the Shared Collateral (or any other assets) as among the Senior Secured Parties,
(c) otherwise change the relative rights of the Senior Secured Parties in respect of the Shared Collateral as among such Senior Secured Parties or (d) obligate the Borrowers or any other Grantor to take any action, or fail to take any
action, that would otherwise constitute a breach of, or default under, the Credit Agreement or any other Senior Debt Document or any Second Priority Debt Document. 

8.23. Survival of Agreement. All covenants, agreements, representations and warranties made by any party in this Agreement shall be
considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement. 

  
 I-2-34 

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

			
	CITIBANK, N.A.,
	as Administrative Agent
		
	By:	 	  

		 	Name:
		 	Title:
	
	 [—],

as [—] for the holders of [applicable Additional Senior Debt Facility]

		
	By:	 	  

	Name:
	Title:
	
	 [—],

as Initial Additional Authorized Representative

		
	By:	 	  

		 	Name:
		 	Title:

  
 I-2-35 

 
							
	CBS OUTDOOR AMERICAS CAPITAL LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS CAPITAL CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
			
		 		 	CBS OUTDOOR GROUP LLC
				
		 		 	By:	 	  

				
		 		 		 	Name:
		 		 		 	Title:
			
		 		 	OUTDOOR INC.
				
		 		 	By:	 	  

				
		 		 		 	Name:
		 		 		 	Title:

  
 I-2-36 

 
			
	CBS OUTDOOR LLC
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTDOOR LA INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS OUTERNET INC.
		
	By:	 	  

		
		 	Name:
		 	Title:
	
	CBS COLLEGIATE SPORTS PROPERTIES INC.
		
	By:	 	  

		
		 	Name:
		 	Title:

  
 I-2-37 

 ANNEX I 

SUPPLEMENT NO. [—] dated as of [—],
20[—] (this “Supplement”), to the SECOND LIEN INTERCREDITOR AGREEMENT dated as of [—],
201[—] (the “Second Lien Intercreditor Agreement”), among CBS OUTDOOR AMERICAS CAPITAL LLC, a Delaware limited liability company, CBS OUTDOOR AMERICAS CAPITAL CORPORATION, a
Delaware corporation (the “Borrowers”), CBS OUTDOOR AMERICAS INC., a Maryland corporation (“Parent”), certain subsidiaries and affiliates of the Borrowers (each a “Grantor”), Citibank, N.A., as
Administrative Agent under the Credit Agreement, [—], as Initial Second Priority Representative, and the additional Representatives from time to time party thereto. 

A. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Second Lien
Intercreditor Agreement. 
 B. The Grantors have entered into the Second Lien Intercreditor Agreement. Pursuant to the Credit Agreement,
certain Additional Senior Debt Documents and certain Second Priority Debt Documents, certain newly acquired or organized Subsidiaries of Parent are required to enter into the Second Lien Intercreditor Agreement. Section 8.7 of the Second
Lien Intercreditor Agreement provides that such Subsidiaries may become party to the Second Lien Intercreditor Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Person (the “New
Grantor”) is executing this Supplement in accordance with the requirements of the Credit Agreement, the Second Priority Debt Documents and Additional Senior Debt Documents. 

Accordingly, the Designated Senior Representative and the New Grantor agree as follows: 

SECTION 1. In accordance with Section 8.7 of the Second Lien Intercreditor Agreement, the New Grantor by its signature below
becomes a Grantor under the Second Lien Intercreditor Agreement with the same force and effect as if originally named therein as a Grantor, and the New Grantor hereby agrees to all the terms and provisions of the Second Lien Intercreditor Agreement
applicable to it as a Grantor thereunder. Each reference to a “Grantor” in the Second Lien Intercreditor Agreement shall be deemed to include the New Grantor. The Second Lien Intercreditor Agreement is hereby incorporated herein by
reference. 
 SECTION 2. The New Grantor represents and warrants to the Designated Senior Representative and the other Secured Parties that
this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as such enforceability may be limited by Bankruptcy Laws and
by general principles of equity. 
 SECTION 3. This Supplement may be executed in counterparts, each of which shall constitute an original,
but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Designated Senior Representative shall have received a counterpart of this Supplement that bears the signature of the New
Grantor. Delivery of an executed signature page to this Supplement by facsimile transmission or other electronic method shall be as effective as delivery of a manually signed counterpart of this Supplement. 

SECTION 4. Except as expressly supplemented hereby, the Second Lien Intercreditor Agreement shall remain in full force and effect. 

  
 I-2-38 

 SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK. 
 SECTION 6. In case any one or more of the provisions contained in this Supplement should be held invalid,
illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining
provisions contained herein and in the Second Lien Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 7. All communications and notices hereunder shall be in writing and given as provided in Section 8.12 of the Second Lien
Intercreditor Agreement. All communications and notices hereunder to the New Grantor shall be given to it in care of Parent as specified in the Second Lien Intercreditor Agreement. 

SECTION 8. The Borrowers agree to reimburse the Designated Senior Representative for its reasonable and documented out-of-pocket expenses in
connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Designated Senior Representative as required by the applicable Senior Debt Documents. 

  
 I-2-39 

 IN WITNESS WHEREOF, the New Grantor, and the Designated Senior Representative have duly executed
this Supplement to the Second Lien Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW SUBSIDIARY GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	Acknowledged by:
	
	[—], as Designated Senior Representative
		
	By:	 	  

		 	Name:
		 	Title:
	
	[—], as Designated Second Priority Representative
		
	By:	 	  

		 	Name:
		 	Title:

  
 I-2-40 

 ANNEX II 

[FORM OF] REPRESENTATIVE SUPPLEMENT NO. [—] dated as of [—], 201[—] to the SECOND LIEN INTERCREDITOR AGREEMENT dated as of [—], 201[—] (the “Second Lien Intercreditor Agreement”), among CBS Outdoor Americas Capital LLC, a Delaware limited liability company, CBS Outdoor Americas Capital Corporation, a Delaware
corporation (the “Borrowers”), CBS Outdoor Americas Inc., as Guarantor, certain subsidiaries and affiliates of the Borrowers (each a “Grantor”), Citibank, N.A., as Administrative Agent under the Credit Agreement, [—], as Initial Second Priority Representative, and the additional Representatives from time to time party thereto. 

A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Second Lien
Intercreditor Agreement. 
 B. As a condition to the ability of the Borrowers to incur Second Priority Debt and to secure such Second
Priority Class Debt with the Second Priority Lien and to have such Second Priority Class Debt guaranteed by the Grantors, in each case under and pursuant to the Second Priority Collateral Documents relating thereto, the Second Priority Class Debt
Representative in respect of such Second Priority Class Debt is required to become a Representative under, and such Second Priority Class Debt and the Second Priority Class Debt Parties in respect thereof are required to become subject to and bound
by, the Second Lien Intercreditor Agreement. Section 8.9 of the Second Lien Intercreditor Agreement provides that such Second Priority Class Debt Representative may become a Representative under, and such Second Priority Class Debt and
such Second Priority Class Debt Parties may become subject to and bound by, the Second Lien Intercreditor Agreement as Second Priority Debt Obligations and Second Priority Debt Parties, respectively, pursuant to the execution and delivery by the
Second Priority Class Debt Representative of an instrument in the form of this Representative Supplement and the satisfaction of the other conditions set forth in Section 8.9 of the Second Lien Intercreditor Agreement. The undersigned
Second Priority Class Debt Representative (the “New Representative”) is executing this Supplement in accordance with the requirements of the Senior Debt Documents and the Second Priority Debt Documents. 

Accordingly, the Designated Senior Representative and the New Representative agree as follows: 

SECTION 1. In accordance with Section 8.9 of the Second Lien Intercreditor Agreement, the New Representative by its signature
below becomes a Representative under, and the related Second Priority Class Debt and Second Priority Class Debt Parties become subject to and bound by, the Second Lien Intercreditor Agreement as Second Priority Debt Obligations and Second Priority
Debt Parties, respectively, with the same force and effect as if the New Representative had originally been named therein as a Representative, and the New Representative, on behalf of itself and such Second Priority Class Debt Parties, hereby agrees
to all the terms and provisions of the Second Lien Intercreditor Agreement applicable to it as a Second Priority Representative and to the Second Priority Class Debt Parties that it represents. Each reference to a “Representative”
or “Second Priority Representative” in the Second Lien Intercreditor Agreement shall be deemed to include the New Representative. The Second Lien Intercreditor Agreement is hereby incorporated herein by reference. 

  
 I-2-41 

 SECTION 2. The New Representative represents and warrants to the Designated Senior Representative
and the other Secured Parties that (i) it has full power and authority to enter into this Representative Supplement, in its capacity as [agent] [trustee], (ii) this Representative Supplement has been duly authorized, executed and delivered
by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of such Agreement and (iii) the Second Priority Debt Documents relating to such Second Priority Class Debt provide that, upon the
New Representative’s entry into this Agreement, the Second Priority Class Debt Parties in respect of such Second Priority Class Debt will be subject to and bound by the provisions of the Second Lien Intercreditor Agreement as Second Priority
Debt Parties. 
 SECTION 3. This Representative Supplement may be executed in counterparts, each of which shall constitute an original, but
all of which when taken together shall constitute a single contract. This Representative Supplement shall become effective when the Designated Senior Representative shall have received a counterpart of this Representative Supplement that bears the
signature of the New Representative. Delivery of an executed signature page to this Representative Supplement by facsimile transmission or other electronic method shall be effective as delivery of a manually signed counterpart of this Representative
Supplement. 
 SECTION 4. Except as expressly supplemented hereby, the Second Lien Intercreditor Agreement shall remain in full force and
effect. 
 SECTION 5. THIS REPRESENTATIVE SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK WITHOUT GIVING EFFECT TO ANY CONFLICTS OF LAWS PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

SECTION 6. In case any one or more of the provisions contained in this Representative Supplement should be held invalid, illegal or
unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining provisions
contained herein and in the Second Lien Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid
provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION
7. All communications and notices hereunder shall be in writing and given as provided in Section 8.12 of the Second Lien Intercreditor Agreement. All communications and notices hereunder to the New Representative shall be given to it at
the address set forth below its signature hereto. 
 SECTION 8. The Borrowers agree to reimburse the Designated Senior Representative for
its reasonable and documented out-of-pocket expenses in connection with this Representative Supplement, including the reasonable fees, other charges and disbursements of counsel for the Designated Senior Representative as required by the applicable
Senior Debt Documents. 

  
 I-2-42 

 IN WITNESS WHEREOF, the New Representative and the Designated Senior Representative have duly
executed this Representative Supplement to the Second Lien Intercreditor Agreement as of the day and year first above written. 
  

					
	[NAME OF NEW REPRESENTATIVE],
	as [—] for the holders of [—]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
		
		 	    Address for notices:
			
		 		 	Attention of:
			
		 		 	Telecopy:
	
	 [—],

as Designated Senior Representative

		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  
 I-2-43 

			
	Acknowledged by:
	
	CBS OUTDOOR AMERICAS CAPITAL LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	CBS OUTDOOR AMERICAS CAPITAL CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CBS OUTDOOR AMERICAS INC.
		
	By:	 	  

	Name:
	Title:
	
	THE GRANTORS
	LISTED ON SCHEDULE I HERETO
		
	By:	 	  

		 	Name:
		 	Title:

  
 I-2-44 

 Schedule I to the 

Representative Supplement to the 

Second Lien Intercreditor Agreement 

Grantors 

  
 I-2-45 

 [FORM OF] REPRESENTATIVE SUPPLEMENT NO. [—]
dated as of [—], 201[—] to the SECOND LIEN INTERCREDITOR AGREEMENT dated as of [—], 201[—] (the “Second Lien Intercreditor Agreement”), among CBS Outdoor Americas Capital LLC, a Delaware limited liability company, CBS Outdoor Americas Capital Corporation, a Delaware
corporation (the “Borrowers”), CBS Outdoor Americas Inc., as Guarantor, certain subsidiaries and affiliates of the Borrowers (each a “Grantor”), Citibank, N.A., as Administrative Agent under the Credit Agreement, [—], as Initial Second Priority Representative, and the additional Representatives from time to time party thereto. 

A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Second Lien
Intercreditor Agreement. 
 B. As a condition to the ability of the Borrowers to incur Senior Class Debt after the date of the Second Lien
Intercreditor Agreement and to secure such Senior Class Debt with the Senior Lien and to have such Senior Class Debt guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Senior Collateral Documents relating thereto,
the Senior Class Debt Representative in respect of such Senior Class Debt is required to become a Representative under, and such Senior Class Debt and the Senior Class Debt Parties in respect thereof are required to become subject to and bound by,
the Second Lien Intercreditor Agreement. Section 8.9 of the Second Lien Intercreditor Agreement provides that such Senior Class Debt Representative may become a Representative under, and such Senior Class Debt and such Senior Class Debt
Parties may become subject to and bound by, the Second Lien Intercreditor Agreement as Second Priority Debt Obligations and Additional Senior Debt Parties, respectively, pursuant to the execution and delivery by the Senior Class Debt Representative
of an instrument in the form of this Representative Supplement and the satisfaction of the other conditions set forth in Section 8.9 of the Second Lien Intercreditor Agreement. The undersigned Senior Class Debt Representative (the
“New Representative”) is executing this Supplement in accordance with the requirements of the Senior Debt Documents and the Second Priority Debt Documents. 

Accordingly, the Designated Senior Representative and the New Representative agree as follows: 

SECTION 1. In accordance with Section 8.9 of the Second Lien Intercreditor Agreement, the New Representative by its signature
below becomes a Representative under, and the related Senior Class Debt and Senior Class Debt Parties become subject to and bound by, the Second Lien Intercreditor Agreement as Second Priority Debt Obligations and Additional Senior Debt Parties,
respectively, with the same force and effect as if the New Representative had originally been named therein as a Representative, and the New Representative, on behalf of itself and such Senior Class Debt Parties, hereby agrees to all the terms and
provisions of the Second Lien Intercreditor Agreement applicable to it as a Senior Representative and to the Senior Class Debt Parties that it represents. Each reference to a “Representative” or “Senior
Representative” in the Second Lien Intercreditor Agreement shall be deemed to include the New Representative. The Second Lien Intercreditor Agreement is hereby incorporated herein by reference. 

  
 I-2-46 

 SECTION 2. The New Representative represents and warrants to the Designated Senior Representative
and the other Secured Parties that (i) it has full power and authority to enter into this Representative Supplement, in its capacity as [agent] [trustee], (ii) this Representative Supplement has been duly authorized, executed and delivered
by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of such Agreement and (iii) the Senior Debt Documents relating to such Senior Class Debt provide that, upon the New
Representative’s entry into this Agreement, the Senior Class Debt Parties in respect of such Senior Class Debt will be subject to and bound by the provisions of the Second Lien Intercreditor Agreement as Senior Secured Parties. 

SECTION 3. This Representative Supplement may be executed in counterparts, each of which shall constitute an original, but all of which when
taken together shall constitute a single contract. This Representative Supplement shall become effective when the Designated Senior Representative shall have received a counterpart of this Representative Supplement that bears the signature of the
New Representative. Delivery of an executed signature page to this Representative Supplement by facsimile transmission or other electronic method shall be effective as delivery of a manually signed counterpart of this Representative Supplement. 

SECTION 4. Except as expressly supplemented hereby, the Second Lien Intercreditor Agreement shall remain in full force and effect. 

SECTION 5. THIS REPRESENTATIVE SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT
GIVING EFFECT TO ANY CONFLICTS OF LAWS PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 SECTION
6. In case any one or more of the provisions contained in this Representative Supplement should be held invalid, illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision
is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining provisions contained herein and in the Second Lien Intercreditor Agreement shall not in any way be affected or impaired. The parties
hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

 SECTION 7. All communications and notices hereunder shall be in writing and given as provided in Section 8.12 of the Second
Lien Intercreditor Agreement. All communications and notices hereunder to the New Representative shall be given to it at the address set forth below its signature hereto. 

SECTION 8. The Borrowers agree to reimburse the Designated Senior Representative for its reasonable and documented out-of-pocket expenses in
connection with this Representative Supplement, including the reasonable fees, other charges and disbursements of counsel for the Designated Senior Representative as required by the applicable Senior Debt Documents. 

  
 I-2-47 

 IN WITNESS WHEREOF, the New Representative and the Designated Senior Representative have duly
executed this Representative Supplement to the Second Lien Intercreditor Agreement as of the day and year first above written. 
  

					
	[NAME OF NEW REPRESENTATIVE],
	as [—] for the holders of [—]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
		
		 	    Address for notices:
			
		 		 	Attention of:
			
		 		 	Telecopy:
	
	 [—],

as Designated Senior Representative

		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  
 I-2-48 

			
	Acknowledged by:
	
	CBS OUTDOOR AMERICAS CAPITAL LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CBS OUTDOOR AMERICAS CAPITAL CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	THE GRANTORS
	LISTED ON SCHEDULE I HERETO
		
	By:	 	  

		 	Name:
		 	Title:

  
 I-2-49 

 Schedule I to the 

Representative Supplement to the 

Second Lien Intercreditor Agreement 

Grantors 

  
 I-2-50 

 EXHIBIT J-1 

FORM OF UNITED STATES TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Not Treated As Partnerships For 

U.S. Federal Income Tax Purposes) 

Reference is made to the Credit Agreement dated as of January 31, 2014 (as amended, supplemented or otherwise modified from time to time)
(the “Credit Agreement”), among CBS Outdoor Americas Capital LLC and CBS Outdoor Americas Capital Corporation, as Borrowers, each lender from time to time party thereto (collectively, the “Lenders”), and Citibank,
N.A., as Administrative Agent. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

Pursuant to the provisions of Section 3.01(d) of the Credit Agreement, the undersigned hereby certifies that (i) it is the
sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a “bank” within the meaning of Section 881(c)(3)(A) of
the Code, (iii) it is not a ten percent shareholder of the Borrowers within the meaning of Section 871(h)(3)(B) of the Code, (iv) it is not a “controlled foreign corporation” related to the Borrowers as described in
Section 881(c)(3)(C) of the Code, and (v) no payments in connection with any Loan Document are effectively connected with the undersigned’s conduct of a U.S. trade or business. 

The undersigned has furnished the Administrative Agent and the Borrowers with a certificate of its non-U.S. person status on IRS Form W-8BEN.
By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrowers and the Administrative Agent in writing and (2) the undersigned
shall furnish the Borrowers and the Administrative Agent a properly completed and currently effective certificate in either the calendar year in which payment is to be made by the Borrowers or the Administrative Agent to the undersigned, or in
either of the two calendar years preceding each such payment. 
 [Signature Page Follows] 

  
 J-1-1 

 
			
	[Foreign Lender]
		
	By:	 	
		 	Name:
		 	Title:

 
			
	[Address]	 	

 Dated:             , 20[—] 

  
 J-1-2 

 EXHIBIT J-2 

FORM OF UNITED STATES TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Treated As Partnerships For 

U.S. Federal Income Tax Purposes) 

Reference is made to the Credit Agreement dated as of January 31, 2014 (as amended, supplemented or otherwise modified from time to time)
(the “Credit Agreement”), among CBS Outdoor Americas Capital LLC and CBS Outdoor Americas Capital Corporation, as Borrowers, each lender from time to time party thereto (collectively, the “Lenders”), and Citibank,
N.A., as Administrative Agent. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

Pursuant to the provisions of Section 3.01(d) and 10.06(d) of the Credit Agreement, the undersigned hereby certifies that
(i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent
shareholder of the Borrowers within the meaning of Section 871(h)(3)(B) of the Code, (iv) it is not a “controlled foreign corporation” related to the Borrowers as described in Section 881(c)(3)(C) of the Code, and
(v) no payments in connection with any Loan Document are effectively connected with the undersigned’s conduct of a U.S. trade or business. 

The undersigned has furnished its participating Lender with a certificate of its non-U.S. person status on IRS Form W-8BEN. By executing this
certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing and (2) the undersigned shall have at all times furnished such Lender
with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding each such payment. 

[Signature Page Follows] 

  
 J-2-1 

 
			
	[Foreign Participant]
		
	By:	 	
		 	Name:
		 	Title:

  

			
	[Address]	 	

 Dated:             , 20[—] 

  
 J-2-2 

 EXHIBIT J-3 

FORM OF UNITED STATES TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Treated As Partnerships For 

U.S. Federal Income Tax Purposes) 

Reference is made to the Credit Agreement dated as of January 31, 2014 (as amended, supplemented or otherwise modified from time to time)
(the “Credit Agreement”), among CBS Outdoor Americas Capital LLC and CBS Outdoor Americas Capital Corporation, as Borrowers, each lender from time to time party thereto (collectively, the “Lenders”), and Citibank,
N.A., as Administrative Agent. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

Pursuant to the provisions of Section 3.01(d) and 10.06(d) of the Credit Agreement, the undersigned hereby certifies that
(i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) neither the
undersigned nor any of its direct or indirect partners/members is a bank within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrowers within the
meaning of Section 871(h)(3)(B) of the Code, (v) none of its direct or indirect partners/members is a “controlled foreign corporation” related to the Borrowers as described in Section 881(c)(3)(C) of the Code, and
(vi) no payments in connection with any Loan Document are effectively connected with the undersigned’s or its direct or indirect partners/members’ conduct of a U.S. trade or business. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its
partners/members claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) and IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the
portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing and (2) the undersigned
shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding each
such payment. 
 [Signature Page Follows] 

  
 J-3-1 

 
			
	[Foreign Participant]
		
	By:	 	
		 	Name:
		 	Title:

  

			
	[Address]	 	

 Dated:             , 20[—] 

  
 J-3-2 

 EXHIBIT J-4 

FORM OF UNITED STATES TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Treated As Partnerships For 

U.S. Federal Income Tax Purposes) 

Reference is made to the Credit Agreement dated as of January 31, 2014 (as amended, supplemented or otherwise modified from time to time)
(the “Credit Agreement”), among CBS Outdoor Americas Capital LLC and CBS Outdoor Americas Capital Corporation, as Borrowers, each lender from time to time party thereto (collectively, the “Lenders”), and Citibank,
N.A., as Administrative Agent. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

Pursuant to the provisions of Section 3.01(d) of the Credit Agreement, the undersigned hereby certifies that (i) it is the
sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as any
Note(s) evidencing such Loan(s)), (iii) neither the undersigned nor any of direct or indirect its partners/members is a bank within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members
is a ten percent shareholder of the Borrowers within the meaning of Section 871(h)(3)(B) of the Code, (v) none of its direct or indirect partners/members is a “controlled foreign corporation” related to the Borrowers as
described in Section 881(c)(3)(C) of the Code, and (vi) no payments in connection with any Loan Document are effectively connected with the undersigned’s or its direct or indirect partners/members’ conduct of a U.S. trade or
business. 
 The undersigned has furnished the Administrative Agent and the Borrowers with IRS Form W-8IMY accompanied by one of the
following forms from each of its partners/members claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial
owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrowers and the
Administrative Agent in writing and (2) the undersigned shall have at all times furnished the Borrowers and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment
is to be made to the undersigned, or in either of the two calendar years preceding each such payment. 
 [Signature Page Follows] 

  
 J-4-1 

 
			
	[Foreign Lender]
		
	By:	 	
		 	Name:
		 	Title:

  

			
	[Address]	 	

 Dated:             , 20[—] 

  
 J-4-2 

 EXHIBIT K 

[FORM OF] SOLVENCY CERTIFICATE 

January 31, 2014 
 The
undersigned, [—], the Chief Financial Officer of CBS Outdoor Americas Inc. (“Parent”), is familiar with the properties, businesses, assets and liabilities of Parent and its
subsidiaries and is duly authorized to execute this certificate (this “Solvency Certificate”) on behalf of Parent. 
 This
Solvency Certificate is delivered pursuant to Section 4.01(a)(ix) of the Credit Agreement, dated as of January 31, 2014 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among CBS Outdoor Americas Capital LLC and CBS Outdoor Americas Capital Corporation, as the Borrowers, Parent, as a Guarantor, the other Guarantors party thereto from time to time, the lenders and other parties
thereto from time to time and Citibank, N.A., as Administrative Agent. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

As used herein, “Company” means Parent and its Subsidiaries on a consolidated basis. 

1. The undersigned certifies, on behalf of Parent and not in his individual capacity, that he has made such investigation and inquiries as to
the financial condition of Parent and its Subsidiaries as the undersigned deems necessary and prudent for the purposes of providing this Solvency Certificate. The undersigned acknowledges that the Administrative Agent and the Lenders are relying on
this Solvency Certificate in connection with the making of Loans under the Credit Agreement. 
 2. The undersigned certifies, on behalf of
Parent and not in his individual capacity, that (a) the financial information, projections and assumptions which underlie and form the basis for the representations made in this Solvency Certificate were made in good faith and were based on
assumptions reasonably believed by Parent to be fair in light of the circumstances existing at the time made; and (b) for purposes of providing this Solvency Certificate, the amount of contingent liabilities has been computed as the amount
that, in the light of all the facts and circumstances existing as of the date hereof, represents the amount that can reasonably be expected to become an actual or matured liability. 

BASED ON THE FOREGOING, the undersigned certifies, on behalf of Parent and not in his individual capacity, that, on the date hereof, before
and after giving effect to the Transaction (and the Loans made or to be made and other obligations incurred or to be incurred on the Closing Date): 

(i) the fair value of the property of the Company is greater than the total amount of liabilities, including contingent liabilities, of the
Company; 
 (ii) the present fair salable value of the assets of the Company is greater than the amount that will be required to pay the
probable liability of the Company on the sum of its debts and other liabilities, including contingent liabilities; 

  
 K-1 

 (iii) the Company has not incurred debts or liabilities beyond the Company’s ability to pay
such debts and liabilities as they become due (whether at maturity or otherwise); and 
 (iv) the Company does not have unreasonably
small capital with which to conduct the businesses in which it is engaged as such businesses are now conducted and are proposed to be conducted following the Closing Date. 

  
 K-2 

 IN WITNESS WHEREOF, the undersigned has executed this Solvency Certificate as of the first date
written above, solely in his capacity as the Chief Financial Officer of Parent and not in his individual capacity. 
  

					
	CBS OUTDOOR AMERICAS INC.
		
	By:	 	
		 	Name:	 	
		 	Title:	 	Chief Financial Officer

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