Document:

Agreement of Purchase and Sale

 EXHIBIT 10.77 
 AGREEMENT OF PURCHASE AND SALE  
 AND JOINT ESCROW INSTRUCTIONS

  

	TO:	First American Title Insurance Company 

 This AGREEMENT OF PURCHASE AND SALE AND JOINT ESCROW INSTRUCTIONS (“Agreement”) is made and entered into as of this 1st day of July, 2011 by and between, Ridge Southridge, L.P., a Texas limited
partnership (“Seller”) and IIT Acquisitions LLC, a Delaware limited liability company (“Buyer”), with respect to the following: 
 R E C I T A L S : 
 A.
Seller is the owner of a certain parcel of land consisting of approximately 18.53 acres located in the City of Arlington, County of Tarrant (“County”), State of Texas, commonly known as 2100 Design Road and more particularly described on
Exhibit “A” attached hereto (the “Land”), on which is located one industrial building containing approximately two hundred forty nine thousand six hundred (249,600) square feet (the “Improvements”).

 B. Seller desires to sell to Buyer, and Buyer desires to purchase from Seller, the following, all upon the terms and
conditions hereinafter set forth: 
 (i) The Land, the Improvements and all of Seller’s interest in all rights,
entitlements, privileges, easements, appurtenances and other property rights benefiting the Land and/or the Improvements, including, without limitation, Seller’s interest, if any (to the extent not otherwise granted to or reserved in favor of
other parties), in all mineral and water rights and all easements, rights-of-way and other appurtenances used or connected with the beneficial use or enjoyment of the Land and/or the Improvements (the Land, the Improvements and all such rights,
easements, privileges, appurtenances and other property rights are sometimes collectively hereinafter referred to as the “Real Property”); 
 (ii) All of Seller’s interest as lessor in and to the Leases (as defined below); 
 (iii) All of Seller’s interest under the Approved Service Contracts (as defined below); 
 (iv) All personal property, equipment, supplies and fixtures (collectively, the “Personal Property”) owned by Seller (and not owned by a Lessee) and used or useful in the operation of and
located on the Real Property; and 
 (v) To the extent assignable, all of Seller’s interest in any intangible property used
or useful in connection with the foregoing, including, without limitation all trade names for the Property (to the extent owned by Seller), websites, domain names, telephone and facsimile 

 
numbers, contract rights, the Warranties (as defined below), guaranties, licenses, permits, entitlements, governmental approvals and certificates of occupancy which benefit the Real Property, the
Improvements, and/or the Personal Property (the “Intangible Personal Property”). The Real Property, the Improvements, the Personal Property, the Approved Service Contracts, Seller’s interest as lessor under the Leases and the
Intangible Personal Property are sometimes collectively hereinafter referred to as the “Property.” 
 NOW THEREFORE,
in consideration of the mutual covenants and agreements herein contained and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, Seller and Buyer hereby agree that the terms and conditions of this
Agreement and the instructions to First American Title Insurance Company (“Escrow Holder”) with regard to the escrow (“Escrow”) created pursuant hereto are as follows: 

A G R E E M E N T : 

1. Purchase and Sale Seller agrees to sell the Property to Buyer, and Buyer agrees to purchase the Property from Seller, upon the
terms and conditions herein set forth. 
 2. Purchase Price. The total purchase price (“Purchase Price”) for
the Property shall be Eleven Million Two Hundred Eighty Thousand and no/100 Dollars ($11,280,000.00). 
 3. Payment of
Purchase Price. The Purchase Price for the Property shall be paid by Buyer as follows: 
 (a) Deposit. Within two
(2) business days of the execution by Buyer and Seller of an original or an originally executed counterpart of this Agreement, Buyer shall deposit with Escrow Holder, in cash, by certified or bank cashier’s check made payable to Escrow
Holder, or by a confirmed wire transfer of funds (hereinafter referred to as “Immediately Available Funds”), the sum of One Hundred Twenty-Five Thousand and no/100 Dollars ($125,000.00) (the “Initial Deposit”). Within two
(2) business days after the expiration of the Contingency Period (as defined in Section 6 below), Buyer shall deposit with Escrow Holder, in cash, by certified or bank cashier’s check made payable to Escrow Holder, or by Immediately
Available Funds, the additional sum of One Hundred Twenty-Five Thousand and no/100 Dollars ($125,000.00) (the “Additional Deposit”). The Initial Deposit and the Additional Deposit are collectively referred to herein as the
“Deposit”. Escrow Holder shall place the Deposit in an interest-bearing account with a financial institution acceptable to Seller and Buyer, and all interest shall accrue to Buyer’s account. The Deposit and the interest accrued
thereon shall be applicable to the Purchase Price from and after the expiration of the “Contingency Period” (as defined in Section 6(a) below) unless (a) the Escrow fails to close as a result of Seller’s failure to convey
the Property pursuant to the terms of this Agreement or (b) this Agreement otherwise expressly provides for the return of the Deposit to Buyer. In the event of Buyer’s failure to close the Escrow due to a default by Buyer under this
Agreement, unless such failure is caused by Seller’s failure to convey the Property pursuant to the terms of this Agreement, the Deposit shall constitute “Liquidated Damages” as provided in and subject to the provisions of
Section 15 below. 

  
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 (b) Independent Consideration. Notwithstanding anything to the contrary contained in
this Agreement, if this Agreement is terminated for any reason which entitles Buyer to the return of the Deposit, then the sum of One Hundred and No/100 Dollars ($100.00) of the Deposit (the “Independent Consideration”) shall be paid to
Seller from the Deposit, which amount Seller and Buyer have bargained for and agreed to as independent and sufficient consideration for Seller’s execution and delivery of this Agreement. The Independent Consideration is non-refundable and
separate consideration from any other payment or deposit required by this Agreement, and Seller shall retain the Independent Consideration upon any termination of this Agreement notwithstanding any other provision of this Agreement to the contrary.

 (c) Closing Funds. Prior to the Close of Escrow, and at such time and in such manner as will allow for the timely
closing of the Escrow (but in no event later than 1 PM Chicago time on the date that is thirty (30) days following the expiration of the Contingency Period), Buyer shall deposit or cause to be deposited with Escrow Holder, in Immediately
Available Funds, the balance of the Purchase Price as determined pursuant to this Agreement, together with Escrow Holder’s estimate of Buyer’s share of closing costs, prorations and charges payable pursuant to this Agreement. 

4. Escrow 
 (a) Opening of Escrow. For purposes of this Agreement, as between the parties, the Escrow shall be deemed opened on the date Escrow Holder shall have received the Deposit from Buyer and a fully
executed copy of the original or originally executed counterparts of this Agreement from Seller and Buyer (the “Opening of Escrow”). Escrow Holder shall notify Buyer and Seller, in writing, of the date Escrow is opened. In the event that
Buyer has not made the Deposit on or before the date set forth above, Escrow shall not be deemed open, and Seller shall have the unilateral right to terminate this Agreement, and to request from Escrow Holder the return of all documents or other
items provided by Seller to Escrow Holder, whereupon Escrow Holder shall return same. Buyer and Seller agree to execute, deliver and be bound by any reasonable or customary supplemental escrow instructions of Escrow Holder, or other instruments as
may reasonably be required by Escrow Holder, in order to consummate the transaction contemplated by this Agreement. Any such supplemental instructions shall not conflict with, modify, or supersede any portions of this Agreement. In the event of any
inconsistency between the provisions of such supplemental instructions and the provisions of this Agreement, the provisions of this Agreement shall control. 
 If an executed counterpart of this Agreement is presented by a party (the “Presenting Party”) to the other party (the “Other Party”) or to Escrow Holder, the Presenting Party may
revoke its execution and delivery hereof by giving written notice of same to the Other Party, at any time prior to the delivery by the Other Party of an executed counterpart of this Agreement to Escrow Holder and the Presenting Party. In the event
that Buyer has not placed the Deposit into Escrow within two (2) business days of the date this Agreement is executed by Buyer and Seller, Seller shall have the right to revoke its delivery of its executed copy of this Agreement, and to
terminate this Agreement, following which there shall be no obligations of any type whatsoever of Seller to Buyer or Buyer to Seller concerning the Property. 

  
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 (b) Close of Escrow. For purposes of this Agreement, the
“Close of Escrow” shall be defined as the consummation of the transaction contemplated by this Agreement by the deliveries required under Sections 8 and 9 below (including, without limitation, Buyer’s delivery of the balance of
the Purchase Price) and the Title Company’s irrevocable commitment to issue the Title Policy (as defined below). This Escrow shall close on or before the thirtieth (30th) day following the end of the Contingency Period (“Closing Date”), but in no event later than the date
that is thirty (30) days following the initial scheduled Closing Date (the “Outside Date”). The period commencing with the Opening of Escrow and continuing through the Close of Escrow shall hereinafter be referred to as the
“Escrow Period.” 
 (c) Condition of Title. It shall be a condition to the Close of Escrow for Buyer’s
benefit that, subject to Buyer’s right to approve title as set forth in Section 5 (a), title to the Property be conveyed to Buyer by a special warranty deed (“Deed”), the form of which is attached hereto as
Exhibit “B”, subject to the following condition of title (“Condition of Title”): 
 (i) a lien
to secure payment of general and special real property taxes and assessments, not delinquent; 
 (ii) a reservation in favor of
Seller of all applicable mineral, oil and gas rights, including but not limited to those rights that were leased to Chesapeake Exploration Limited Partnership pursuant to the terms of that certain Paid Up Oil and Gas Lease Dated April 17, 2007
(the “Oil and Gas Lease”) (provided that such reservation shall in no event include any surface entry rights and shall be subject to such further protections as may reasonably be requested by Buyer prior to the expiration of the
Contingency Period); 
 (iii) matters affecting the Condition of Title created by or with the written consent of Buyer,
including, without limitation, any mechanics liens or other encumbrances caused by or related to Buyer’s construction activities which occur prior to the Close of Escrow; and 

(iv) all exceptions which are disclosed by the “Report” described in Section 5 below and which have been approved by
Buyer, as provided therein. 
 As a condition to Buyer’s obligation to proceed to the Close of Escrow, Escrow Holder in its capacity as
title insurer (“Title Company”) shall issue or irrevocably commit to issue, on the Close of Escrow, its Texas Land Title Association Policy of Title Insurance (“Title Policy”) in the amount of the Purchase Price showing title to
the Property vested in Buyer subject only to the Condition of Title. Notwithstanding the foregoing, if Buyer fails to provide to the Title Company an updated ALTA Survey satisfactory to the Title Company for purposes of issuing the Title Policy,
then the Title Policy shall include a general survey exception. 
 5. Title Review and Title Policy. 

(a) Buyer’s Review of Title. If Buyer has not then previously received same, Seller will cause the Title Company to deliver
to Buyer, as soon as practicable following the Opening of Escrow, a title commitment with respect to the Property (the “Report”), together with copies of all documents referred to in Schedule B of the Report (the “Underlying
Documents”). Buyer shall have until 5:00 p.m. Chicago Time on the date which is five (5) business days prior 

  
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to the expiration of the Contingency Period (the “Title Review Period”), to give Seller and Escrow Holder written notice (“Buyer’s Title Notice”) of Buyer’s
disapproval or conditional approval of any matters shown in the Report, the Underlying Documents and the Survey (as defined herein) delivered by Seller in accordance with the provisions of Section 5(b) hereof (collectively, the “Title
Documents”). The failure of Buyer to give Buyer’s Title Notice on or before the end of the Title Review Period shall be deemed to constitute Buyer’s approval of the Condition of Title to the Property (other than the Seller Required
Title Removal Matters). 
 (i) If Buyer expressly disapproves or expressly conditionally approves any matter of title shown in
the Title Documents, then Seller may, but shall have no obligation to, within three (3) days after its receipt of Buyer’s Title Notice (“Seller’s Election Period”), elect to eliminate or ameliorate to Buyer’s reasonable
satisfaction the disapproved or conditionally approved title matters by giving Buyer written notice (“Seller’s Title Notice”) of those disapproved or conditionally approved title matters, if any, which Seller agrees to so eliminate or
ameliorate by the Closing Date, provided, that, Seller shall have no obligation to pay any consideration or incur any liability in order to evaluate or ameliorate such disapproved title matters, except for mortgage liens created by Seller against
the Property, monetary liens on the Property as a result of work, services and materials provided to the Property and authorized by Seller, monetary liens arising from the failure to pay any obligations under agreements of record binding upon the
Property, judgment liens against Seller, and such matters as Seller has agreed, in writing, to cure pursuant hereto (collectively, the “Seller Required Title Removal Matters”), all of which are hereby disapproved by Buyer and shall be
removed and/or cured by Seller on or prior to the Close of Escrow. For the avoidance of doubt, Seller shall have no obligation to remove any liens arising from any work performed by or on behalf of Lessee or any other matters of record caused by or
on behalf of Lessee. 
 (ii) If Seller does not elect to eliminate or ameliorate any disapproved or conditionally approved
title matters, or if Buyer disapproves Seller’s Title Notice, or if Seller fails to timely deliver Seller’s Title Notice, then Buyer shall have the right, upon delivery to Seller and Escrow Holder prior to the expiration of the Contingency
Period) of a written notice (“Buyer’s Title Response Notice”), to either: (1) waive its prior disapproval in which event said disapproved matters shall be deemed approved; or (2) terminate this Agreement and the Escrow
created pursuant hereto in which event the Deposit shall be returned to Buyer. Failure to take either one of the actions described in (1) and (2) above shall be deemed to be Buyer’s election to take the action described in
(2) above. 
 (iii) If, in Seller’s Title Notice, Seller has agreed to either eliminate or ameliorate to Buyer’s
satisfaction by the Closing Date certain disapproved or conditionally approved title matters described in Buyer’s Title Notice, but Seller is unable to do so, or Seller fails to remove or eliminate the Seller Required Title Removal Matters,
then Buyer shall have the right (which shall be Buyer’s sole and exclusive right or remedy for such failure), upon delivery to Seller and Escrow Holder (on or before one (1) business day prior to the Closing Date) of a written notice to
either: (1) waive its prior disapproval in which event said disapproved matters shall be deemed approved; or (2) terminate this Agreement and the Escrow created pursuant hereto, in which event the Deposit shall be returned to Buyer.
Failure to take either one of the actions described in (1) and (2) above shall be deemed to be Buyer’s election to take the action 

  
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described in (2) above, following which this Agreement, except for the indemnity obligations set forth in Section 6, below, shall be of no further force or effect. 

(b) Survey. Prior to the date hereof, as part of the Background Material, Seller has furnished to Buyer, at Seller’s sole
cost and expense, Seller’s existing ALTA survey for the Property (the “Survey”). Any costs associated with updating or re-certifying the Survey shall be borne solely by Buyer. 

6. Buyer’s Review of the Property and Related Documents and Materials and Buyer’s Conditions to the Close of Escrow.
Buyer shall have until 5 p.m. Chicago Time on the date which is thirty (30) business days after the Opening of Escrow (such period is referred to herein as the “Contingency Period”) to determine in its sole and absolute
discretion that it is dissatisfied with any aspects of the Property or its condition or suitability for Buyer’s intended use or with those documents delineated in Exhibit “E” attached hereto, which Seller has heretofore provided to
Buyer, as well as any other documents subsequently provided to Buyer in accordance with the terms of this Agreement (collectively, the “Background Materials”). Except as expressly set forth in this Agreement, Seller makes no
representations or warranties regarding the accuracy of the Background Materials or that the Background Materials are complete copies of the same. Notwithstanding the foregoing, following Buyer’s reasonable written request therefor, Seller
shall use reasonable efforts to make available to Buyer for Buyer’s review all documents in Seller’s possession relating to the ownership, development and operation of the Property (without representation or warranty, except as expressly
set forth in this Agreement), other than privileged documents (it being agreed, however, that any environmental reports related to the Property shall not be deemed to be privileged), proprietary financial information, confidential internal financial
communications or any other communications and/or correspondence between Seller (and/or any of its constituent entities), Heitman Financial and The Prudential Insurance Company of America (and its related entities), or any other similar documents
that Seller reasonably deems to be proprietary and confidential. If, during the Contingency Period, Buyer determines, in Buyer’s sole and absolute discretion, that it is dissatisfied with any aspects of the Property or its condition or
suitability for Buyer’s intended use or with the Background Materials, then Buyer may terminate this Agreement prior to the expiration of the Contingency Period and the Escrow created pursuant hereto in which event the Deposit shall be returned
to Buyer. If Buyer does not exercise its right of termination hereunder on or before the expiration of the Contingency Period, then Buyer shall be deemed to have waived its right of termination pursuant to this Section 6 and shall be deemed to
be satisfied with all aspects of the Background Materials and the Property, including, without limitation the condition and suitability of the Property for Buyer’s intended use. 

(a) Buyer’s Review of Property Related Matters. Buyer shall have until the end of the Contingency Period to satisfy itself
with respect to all aspects of the Property and its condition and suitability for Buyer’s intended use thereof, including, without limitation, the zoning for the Property, the condition of the soil and the availability of all utilities,
permits, licenses, variances and the like necessary for Buyer’s intended use of the Property. During the Escrow Period, Buyer, its agents, employees, contractors and subcontractors shall have the right to enter upon the Property, at reasonable
times, and following reasonable notice to Seller, during ordinary business hours, to inspect, examine, survey and make soil bearing tests and other engineering, environmental or other tests or surveys which Buyer may deem necessary in

  
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Buyer’s discretion, including, without limitation, sampling and analysis of soils, surface water and ground water, conducting visual inspections of the Property, including its flora and
fauna, visually inspecting adjacent properties and conducting other such investigations (such as sampling and analysis of building materials for mold and/or asbestos), and performing a Phase I environmental report; provided, however,
(i) Buyer shall not perform any Phase II environmental report or any other tests which involve drilling, boring or other similar intrusive or invasive action on or under the Property or any part thereof (“Invasive Testing”)
without the prior written approval of Seller, which approval may be withheld in Seller’s sole discretion. Buyer shall provide Seller with at least three (3) business days’ notice of its desire to perform any such Invasive Testing,
which notice shall be accompanied by a detailed work plan, list of consultants to be involved, and such other information as may be reasonably necessary for Seller to make an informed decision concerning such proposal. Without limiting the
generality of this Section 6, in the event that Seller disapproves of such Invasive Testing, Buyer shall have the right to terminate this Escrow prior to the end of the Contingency Period and receive a refund of its Deposit, and the parties
shall have no further rights, duties, or obligations under same, except for the indemnity obligations of each party in this Agreement set forth below, and any other matters which expressly survive the Close of Escrow, or earlier termination of the
Agreement. Buyer shall use care and consideration in connection with any of its inspections or tests and Seller shall have the right to be present, or have one or more of its own consultants present, during any interview or inspection of the
Property by Buyer or its agents. Buyer shall restore the Property after any and all tests and/or inspections to the condition of the Property prior to such tests and/or inspections. Buyer shall not contact any regulatory agencies in connection with
its inspections hereunder without Seller’s prior written consent (which consent shall not be unreasonably withheld or delayed). Notwithstanding the foregoing, Buyer may make customary land use, zoning and development related informational
inquiries of local governmental agencies and make customary Phase I inquiries to environmental agencies as part of its due diligence investigations without Seller’s prior consent; provided, however, Buyer shall use reasonable efforts to
enlist Seller’s reasonable cooperation in connection with any inquiries of local governmental agencies and in all events to keep Seller reasonably apprised of any such inquiries, it being further acknowledged that Seller shall be under no
obligation to incur any expense or other obligations arising out of providing Buyer with such assistance. Buyer shall conduct all of its inspections (and any other activities which require access) hereunder in a manner so as to minimize interference
with any Lessee (as defined herein) and any Lessee’s on-going business operations at the Property. Buyer’s access shall be coordinated with Seller and the Lessees, to the extent required under the Lease, in accordance with the terms of the
Leases (as defined herein). Buyer hereby indemnifies, protects, defends (with counsel chosen by Seller) and holds Seller free and harmless from and against any and all costs, losses, liabilities, damages, lawsuits, judgments, actions, proceedings,
penalties, demands, attorneys’ fees, mechanic’s liens, or expenses of any kind or nature whatsoever, to the extent arising out of or resulting from any entry and/or activities by Buyer or its agents upon the Property pursuant to this
subparagraph (a); provided, however, such indemnification obligation shall not be applicable to, and shall expressly exclude Buyer’s discovery of any pre-existing adverse physical or environmental condition or fact at the Property, except to
the extent that Buyer and/or Buyer’s agents, employees, contractors and consultants aggravate such pre-existing condition. Prior to entering onto the Property, Buyer shall provide Seller with a certificate or certificates of comprehensive
public liability insurance and casualty and property damage insurance, each in the amount of not 

  
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less than One Million Dollars ($1,000,000.00), which certificates shall show Seller and the manager of the Property (RPS), as additional insureds. 

(b) Review and Approval of Background Materials. All Background Materials made available by Seller to Buyer in accordance with
this Agreement shall be treated as confidential information by Buyer; provided, however, that (i) Buyer may disclose, on a “need-to-know” basis only, the Background Materials to Buyer’s agents, attorneys, accountants,
consultants, brokers, employees, officers, directors, partners, managers, members, prospective lenders, prospective partners and/or any and all persons directly or indirectly acting for or with Buyer (collectively, the “Related Parties”)
in connection with the potential acquisition of the Property, and (ii) the following materials and information shall not be subject to the confidentiality obligations set forth herein: (A) information which is or becomes generally
available to the public other than as a result of a wrongful disclosure by Buyer; (B) information which reasonably can be demonstrated to be known to Buyer or a Related Party prior to its disclosure hereunder; (C) information which becomes
available to Buyer or a Related Party on a non-confidential basis from sources other than Seller; and (D) information which Buyer or a Related Party may be compelled to disclose by court order or applicable law (including applicable securities
laws), but only to the extent such information is compelled to be so disclosed, and if so compelled to disclose such information, such information shall nevertheless continue to be subject to the confidentiality provisions hereof, subject to such
required disclosure. 
 (c) Seller’s Obligations. As of the Close of Escrow and as a condition to Buyer’s
obligation to proceed to the Close of Escrow, Seller shall have performed all of the obligations required to be performed by Seller under this Agreement and Seller’s representations and warranties contained in this Agreement have been true and
correct as of the date hereof and shall still be correct as of the Close of Escrow, except to the extent that Buyer or any of its representatives has actual knowledge of any breach prior to the end of the Contingency Period. For purposes of this
Agreement, Buyer shall be deemed to have actual knowledge of a breach if such breach (1) is disclosed by (i) any Background Materials, (ii) any reports or analyses obtained by Buyer during the course of Buyer’s inspection of the
Property and/or other due diligence efforts pursuant to this Agreement, and/or (iii) the Estoppels (as defined below), or (2) is otherwise actually consciously known to Buyer. 

(d) Authority. Prior to the Close of Escrow, and as a condition to Buyer’s obligation to proceed to the Close of Escrow,
Seller shall have provided the Title Company with a certificate of the secretary or other equivalent officer of Seller indicating that the transaction contemplated by this Agreement has been duly authorized by Seller, that the persons executing this
document and all others contemplated hereunder have been duly authorized, empowered and directed to do so, and that Seller is bound thereby. 
 (e) No Insolvency by Seller. As a condition to Buyer’s obligation to proceed to the Close of Escrow, at no time prior to the Close of Escrow shall Seller be rendered insolvent (as defined by
the United States Bankruptcy Code [11 U.S.C. Section 101 et. seq.] or other applicable bankruptcy or insolvency laws (the “Insolvency Laws”)) such that Seller shall be unable to perform hereunder. 

  
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 (f) Estoppel Certificate. At least four (4) business days prior to the Close of
Escrow (the “Estoppel Delivery Date”) and as a condition to Buyer’s obligation to proceed to the Close of Escrow, Seller shall deliver to Buyer an executed Estoppel Certificate (individually, an “Estoppel” or collectively,
the “Estoppels”) from each of the lessees at the Property as more particularly described on Exhibit F (the “Lessees” or individually, a “Lessee”), being each of the tenants under those leases more particularly described
in Exhibit “F” attached hereto and made a part hereof (all such documents being referred to herein as the “Leases” or individually as a “Lease”). The Estoppels, as executed by each of the Lessees and
delivered to Seller (for ultimate delivery to Buyer), shall be dated no earlier than thirty (30) days prior to the date of the original scheduled Closing Date set forth herein (so long as the delay to the original Closing Date is due to no
default of Seller) and shall be in substantially the form attached hereto as Exhibits “G-1, G-2 and G-3” without modification or disclosure of any materially adverse facts or matters; it being agreed that Buyer
shall have the right to modify the form of Estoppel by delivering written notice of the required changes to the Estoppel(s) to Seller on or before the date that is twenty (20) days following the mutual execution of this Agreement. Thereafter,
the parties shall negotiate in good faith to create mutually acceptable Estoppels for each of the Lessees prior to the expiration of the Contingency Period. If Buyer and Seller have not agreed to the form of Estoppels prior to the expiration of the
Contingency Period, then Buyer may either terminate the Agreement as provided herein (and receive a refund of the Deposit, together with all interest accrued thereon) or accept Seller’s last proposal with respect to the Estoppel.
Notwithstanding anything to the contrary set forth above, the execution of the Estoppels that have been mutually approved prior to the expiration of the Contingency Period (without material modification or disclosure of any adverse facts or matters)
shall be the condition to the Close of Escrow for Buyer’s benefit. Prior to the expiration of the Contingency Period, Buyer may request that Seller obtain additional estoppel certificates from such other third parties, as applicable, as Buyer
may reasonably require (such as owners’ associations); provided, however, obtaining such additional estoppel certificates shall not be a condition to Buyer’s obligation to proceed to the Close of Escrow, nor shall any failure by Seller to
so obtain any or all of the Estoppels nor any additional estoppel certificates (as contemplated above) constitute a breach by Seller under the terms of this Agreement. Notwithstanding the foregoing, if Seller has not delivered to Buyer all of the
executed Estoppels by the Estoppel Delivery Date, in order for Seller to obtain and deliver to Buyer any missing executed Estoppels prior to the Close of Escrow, Buyer and Seller shall each have the one-time right, by delivering written notice to
the other party prior to 5:00 p.m. Chicago time, on the Estoppel Delivery Date, to extend the Estoppel Delivery Date until the earlier of (i) the date by which Seller delivers to Buyer any missing executed Estoppels, or (ii) fifteen
(15) days after the Estoppel Delivery Date. If as a result of such extension, the Estoppel Delivery Date would be a date later than the Closing Date, the Closing Date shall also be extended to be the date which is two (2) business days
following the extended Estoppel Delivery Date; provided that in no event shall the Closing Date be extended beyond the Outside Date. In the event that the Estoppels are not obtained by the Estoppel Delivery Date (as such date may be extended as
provided above), then Seller shall not be in default, but a condition to the Close of Escrow for Buyer’s benefit shall fail and Buyer shall be entitled to receive a refund of the Deposit, together with all interest accrued thereon. 

(g) Service Contracts. As part of the Background Materials, Seller shall provide Buyer with copies of those service contracts
(collectively, the “Service Contracts”) relating to the Property, as more particularly listed on Exhibit “M” attached hereto and made a 

  
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part hereof. Prior to the expiration of the Contingency Period, Buyer shall provide Seller with a list of Services Contracts that it will assume upon the Close of Escrow (the “Approved
Service Contracts”). On the Close of Escrow, Seller shall assign to Buyer the Approved Service Contracts pursuant to the Bill of Sale (as defined below). Any other service contracts at the Property shall be terminated by Seller on or before
the Close of Escrow; provided that if Seller will be unable to terminate any such Service Contracts upon the Close of Escrow without a cost to Seller, Seller shall deliver Buyer written notice of same to Buyer within five (5) business following
the expiration of the Contingency Period. Such notice shall include the cost that will be required to terminate the Service Contracts, and within three (3) business days following Buyer’s receipt of such written notice from Seller, Buyer
shall have the right, by delivering written notice to Seller, to either (i) require Seller to terminate some or all of the disapproved Service Contracts as provided above (provided that any termination costs for the Service Contracts that Buyer
requires to be terminated shall be the sole responsibility of Buyer); or (ii) have such Service Contracts become Approved Service Contracts as provided in this Agreement. Buyer’s failure to make an election as provided above shall be
deemed to be Buyer’s election in subparagraph (ii) immediately above. In addition, Seller shall terminate, effective as of the Close of Escrow, the property management agreement between Seller and Ridge Property Services, LLC. The
provisions of this Section 6(g) shall survive the Close of Escrow. 
 (h) Warranties. As part of the Background
Materials, Seller shall provide to Buyer copies of those warranties (collectively, the “Warranties”) relating to the Property, as are more particularly listed on Exhibit “N” attached hereto and made a part hereof.

 (i) Intentionally Omitted. 
 (j) No Termination of Leases. Except as may be expressly permitted under the terms of Section 14(b) hereof, as of the Close of Escrow and as a condition to Buyer’s obligation to proceed
to the Close of Escrow, no Lessee shall have (i) terminated, or given notice of intent to terminate, its Lease pursuant to the terms of such Lease or otherwise, or (ii) no Lessee shall have filed for voluntary bankruptcy or be subject to
an involuntary bankruptcy proceeding. 
 (k) Deposits by Seller. Seller shall have deposited the documents and
instruments described in Section 8 below and performed all of Seller’s obligations required to be performed pursuant to this Agreement. 
 (l) Failure of Conditions. In the event any of the conditions to Buyer’s obligation to proceed to the Close of Escrow set forth in this Section 6 or set forth elsewhere in this Agreement
shall fail or are otherwise are unsatisfied after Buyer has waived contingencies at the expiration of the Contingency Period, then at Buyer’s option, Buyer may terminate this Agreement and the Escrow created pursuant hereto and the Deposit
shall be returned to Buyer. 
 7. Seller’s Conditions to the Close of Escrow. For the benefit of Seller, the Close
of Escrow shall be conditioned upon the occurrence or satisfaction (or Seller’s written waiver thereof, it being agreed that Seller may waive such condition) of the following conditions for Seller’s benefit. 

  
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 (a) Buyer’s Performance. As of the Close of Escrow, Buyer shall have timely
performed all of the obligations required by the terms of this Agreement to be performed by Buyer. 
 (b) Good Standing.
Prior to the Close of Escrow, Buyer shall have provided the Title Company with a certificate of good standing from the Texas Secretary of State indicating that Buyer is authorized to do business in Texas, and is in good standing as foreign entity in
said state. 
 (c) Authority. Prior to the Close of Escrow, Buyer shall have provided the Title Company with a
certificate of the secretary or other equivalent officer of Buyer indicating that the transaction contemplated by this Agreement has been duly authorized by Buyer, that the persons executing this document and all others contemplated hereunder have
been duly authorized, empowered and directed to do so, and that Buyer is bound thereby. 
 (d) No Insolvency by Buyer. At
no time prior to the Close of Escrow shall Buyer be rendered insolvent (as defined by the Insolvency Laws) such that Buyer shall be unable to perform hereunder. Buyer further represents that it has (subject to Buyer’s approval of the matters
required to be reviewed and approved prior to the expiration of the Contingency Period) the financial ability to perform its obligations under this Agreement and the transactions contemplated herein will not render Buyer insolvent (as defined by the
Insolvency Laws) or with unreasonably small capital such that this transaction may be subject to being unwound in a bankruptcy or other insolvency proceeding. 
 (e) Deposits by Buyer. Buyer shall have deposited the funds, documents and instruments described in Section 9 below (including, without limitation, Buyer’s deposit of the balance of the
Purchase Price). 
 8. Deposits by Seller. At least one (1) business day prior to the Close of Escrow, Seller shall
deposit or cause to be deposited with Escrow Holder the following documents or instruments, the deposit of which shall be a condition to Buyer’s obligation to proceed to the Close of Escrow: 

(a) Deed. The Deed in the form attached hereto as Exhibit “B”, duly executed by Seller and properly
acknowledged (subject to the addition of the reservation of mineral rights language, which shall be approved by Buyer prior the expiration of the Contingency Period); 
 (b) FIRPTA Certificate. A certificate of non-foreign status (the “FIRPTA Certificate”), duly executed by Seller, in the form attached hereto as Exhibit “D”.

 (c) Tax Certificates. Copies of tax certificates for the Property evidencing that all ad valorem taxes due and payable
for periods prior to the calendar year in which the Closing occurs have been paid in full. 
 (d) Leases and Approved Service
Contracts. The originals of the Leases and Approved Service Contracts (to the extent not delivered outside of Escrow); 

  
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 (e) Assignment and Assumption of Leases. An original or duly executed counterpart of
the Assignment and Assumption of Leases in the form of Exhibit “C” hereto (the “Assignment and Assumption of Leases”). Buyer acknowledges and agrees that the Oil and Gas Lease shall not be assigned to Buyer under the
terms of the Assignment and Assumption of Leases, it being further acknowledged that Seller having reserved the mineral, oil and gas rights under the Deed shall retain the Oil and Gas Lease. 

(f) Bill of Sale and General Assignment. A bill of sale and general assignment for all applicable tangible and intangible personal
property of Seller located at the Property (the “Bill of Sale”), duly executed by Seller, in the form attached hereto as Exhibit “I”. 
 (g) Title Affidavit. If required, a title affidavit executed by Seller and in a the Title Company’s customary form and reasonably acceptable to Seller and containing the minimum
representations which the Title Company shall reasonably require in order to issue its owner’s title insurance policy insuring Buyer’s fee simple title to the Real Property free of exceptions for (i) the rights of parties in
possession and parties claiming rights in the Real Property, except parties claiming under the Condition of Title and the Leases, (ii) mechanic’s and materialmen’s liens arising through Seller, and (iii) unrecorded easements
arising through Seller. 
 (h) Gap Indemnity. If necessary to cause the Close of Escrow to occur on the scheduled Closing
Date, Seller shall provide to Title Company a customary gap indemnity in form and substance reasonably acceptable to Seller and Title Company; and 
 (i) Additional Documents. Such other documents or instruments as are required in order to complete this transaction in accordance with its terms. 

9. Deposits by Buyer. Unless otherwise expressly provided below, at least one (1) business day prior to the Close of Escrow,
Buyer shall deposit or cause to be deposited with Escrow Holder the following documents and funds, the deposit of which shall be a condition to Seller’s obligation to proceed to the Close of Escrow: 

(a) Balance of Funds. By not later than 1 PM central time on the Closing Date, the balance of the Purchase Price and other
sums due from Buyer hereunder in the amounts and at the times set forth herein; 
 (b) Assignment and Assumption of
Leases. A duly executed original, or duly executed counterpart of the Assignment and Assumption of Leases. 
 (c)
Additional Documents. Such other documents or instruments as are required in order to complete this transaction in accordance with its terms. 
 10. Costs and Expenses. The cost of the Title Policy shall be paid by Seller, provided that Buyer shall pay and be solely responsible for any premiums or other costs for any title endorsements to
the Title Policy which Buyer may elect to obtain except for any endorsements to which Seller has agreed to obtain to cure a Title Objection. The escrow fee of Escrow Holder and related costs (including, without limitation, Escrow Holder’s
customary charges to buyers and sellers for document drafting and miscellaneous charges) shall be shared equally between Buyer and Seller. Buyer shall pay the cost of any updates or additional certifications that it

  
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requires for the Survey. Seller shall pay all recording fees and State, County and local documentary transfer and similar taxes payable in connection with the recordation of the Deed, which shall
be set forth on a separate statement thereof. If as a result of no fault of Buyer or Seller (i.e., a condition to the Close of Escrow is not satisfied or waived), Escrow fails to close, Buyer and Seller shall share equally all of Escrow
Holder’s fees and charges. If Escrow fails to close as a result of a default by Buyer or Seller, the defaulting shall pay all of Escrow Holder’s fees and charges (if any). Buyer and Seller shall pay their respective legal fees and costs in
connection with the transaction described herein, except as expressly provided to the contrary in Section 20 herein. The provisions of this Section 10 shall survive the Close of Escrow. 

11. Prorations. 
 (a) Additional Rent. The parties acknowledge and agree that the Leases are on a “triple net” basis, with amounts collected from the Lessees for the Property as additional rent being
applied to (or accrued for) the payment of taxes, assessments and operating expenses for the Property on a cash basis. Therefore, additional rent for such operating expenses (including all amounts accrued for real estate taxes) that have been
received by Seller and are applicable to Buyer’s period of ownership on a cash basis, less amounts paid through the Close of Escrow, shall be credited to Buyer upon the Close of Escrow. With respect to any vacant spaces at the Property for
the one year period prior to the Close of Escrow, the Seller shall be responsible for including in the credit of additional rent of such operating expenses all amounts that would have been received by Seller had such vacant space(s) been leased to
tenants on the same triple-net basis as the other spaces and otherwise subject to the provisions set forth in the immediately preceding sentence. The aforementioned proration provisions assume that there is no deficiency in the amounts
collected by Seller for additional rent from the tenants of the Property to satisfy obligations through the Close of Escrow. To the extent there is any deficiency, Buyer will collect such amounts (other than the amounts attributable to Seller
for any vacant spaces) from the applicable tenants in the same manner as rent that needs to be collected after the Close of Escrow under Section 11(c) hereof. Buyer shall then be responsible for reconciling with each of the Lessees under
the Leases at the end of the year or other period as appropriate any overpayments or deficiencies (other than as provided immediately above) for such amounts. The prorations referenced above shall be initially performed at the Close of Escrow
but shall be subject to further adjustment and proration in cash after the Close of Escrow as and when complete and accurate information becomes available, if such information is not available at the Close of Escrow (except with respect to the
vacant spaces). Sellers and Buyer agree to cooperate and use their commercially reasonable efforts to make such adjustments not later than one hundred twenty (120) days after the Close of Escrow (or as soon thereafter as may be
practicable, with respect to common area maintenance and other additional rent charges (including pass-throughs for real estate and personal property taxes and special assessments) payable by Lessees under the Leases) and shall again cooperate to
make any additional adjustments that may be required in connection with any year end reconciliations made in connection with any Lease requirements. The parties shall immediately pay any amounts that are owing following Seller’s delivery
of the reconciliations provided above. The foregoing reconciliation provisions shall specifically apply with respect to any invoices received by Seller subsequent to the Close of Escrow that are in the name of Seller, relate to the Property
(and would be subject to reimbursement as part of additional rent under the Leases), and are paid by Seller. 

  
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 (b) Intentionally Omitted. 

(c) Rent. Current rent (excluding additional rent which is prorated as provided above) which has been paid under the Leases shall
be prorated based on the actual number of days in the month in which the Close of Escrow occurs on which each party is the owner of the Property. At the Close of Escrow, Seller shall credit to the account of Buyer against the Purchase Price all
prepaid rents and other charges, including security deposits, paid in advance and attributable to the period from and after the Close of Escrow (including the Closing Date). Notwithstanding the foregoing, no prorations shall be made for any unpaid
amounts due and payable prior to the Closing Date or for delinquent rents existing, if any, as of the Closing Date. Although no adjustments shall be made in Seller’s favor for rents which have accrued and are unpaid as of the Closing Date,
Buyer shall pay Seller such accrued and unpaid rents as and when collected by Buyer, it being agreed, however, that Buyer shall not be deemed to have collected such arrearages attributable to the period prior to Closing until such time as the Lessee
is current in the payment of all rent and other sums accruing after the Closing Date. For a period of 90 days after the Closing Date, Buyer agrees to bill Lessees of the Property for all past due rents that are accrued but unpaid as of the Closing
Date; however, (i) Buyer shall not be obligated to incur any out-of-pocket expenses (unless paid by Seller), (ii) Buyer may deduct any of its reasonable costs of collection from any amounts due Seller, and (iii) under any
circumstance, Buyer shall not be obligated to file any legal action or terminate any Lease. Seller may take reasonable action to collect any delinquent rents provided that Seller may not commence any legal action against any tenant seeking
termination of any lease and Seller may not commence any other legal action against tenant prior to the date which is thirty (30) days after the Closing Date. 
 (d) Utilities. The readings and billings for utilities that are not separate assessed to a Lessee will be made if possible as of the Closing Date, in which case Seller shall pay all such bills as
of the Closing Date and no proration shall be made at the Closing Date with respect to utility bills. Otherwise, a proration shall be made based upon the parties’ reasonable good faith estimate and a readjustment made within 30 days after the
Closing, if necessary. Seller agrees to reasonably cooperate with Buyer in transferring utility service and company accounts with respect to the Property and shall refrain from any action likely to result in a termination or interruption of utility
service upon the Closing and transfer of ownership to Buyer. 
 (e) Insurance. No proration shall be made for insurance
premiums and insurance policies will not be assigned to Buyer. 
 (f) Proration Statement. At least five
(5) business days prior to the Close of Escrow the parties hereto shall agree upon all of the prorations to be made and shall submit a statement to the Escrow Holder (or shall approve an estimated proration statement prepared by Escrow Holder)
setting forth the same. In the event that any prorations, apportionments or computations made under this Section 11 shall require final adjustment, then the parties hereto shall make the appropriate adjustments promptly when accurate
information becomes available and either party hereto shall be entitled to an adjustment to collect the same. Any corrected adjustment or proration will be paid in cash or immediately available funds to the party entitled thereto. The proration
obligations outlined above shall survive the Close of Escrow hereunder 

  
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until such time as the necessary reconciliations have been completed, each Party agreeing to exercise commercially reasonable efforts to effect the reconciliation as soon as reasonably
practicable, but in any event within one hundred eighty (180) days after the Close of Escrow. The provisions of this Section 11 shall survive the Close of Escrow. 
 12. Disbursements and Other Actions by Escrow Holder. Upon the Close of Escrow, Escrow Holder shall promptly undertake all of the following in the manner indicated 

(a) Prorations. Prorate all matters referenced in Section 11 based upon the statement delivered into Escrow signed by the
parties. 
 (b) Recording. Cause the Deed and any other documents which the parties hereto may mutually direct, to be
recorded in the Deed Records of Tarrant County, Texas. 
 (c) Funds. Disburse funds from funds deposited by Buyer with
Escrow Holder towards payment of all items chargeable to the account of Buyer pursuant hereto in payment of such costs, including, without limitation, the payment of the Purchase Price to Seller (less items chargeable to the account of the Seller),
and disburse the balance of such funds, if any, to Buyer (it being agreed that such disbursement shall be made on the Closing Date in accordance with the requirements of a gap style closing). 

(d) Title Policy. Direct the Title Company to issue the Title Policy to Buyer. 

(e) Documents to Seller. Deliver to Seller conformed copies of the recorded Deed, a fully executed Assignment and Assumption of
Leases, and copies or originals, as appropriate, of any other documents or instruments the parties have signed pursuant to this Agreement. 
 (f) Documents to Buyer. Deliver to Buyer the FIRPTA Certificate, a conformed copy of the recorded Deed, the original Leases, a fully executed Assignment and Assumption of Leases, a fully executed
Bill of Sale, and copies or originals, as appropriate, of any other documents or instruments the parties have signed pursuant to this Agreement. 
 13. Seller’s Representations and Warranties. In consideration of Buyer entering into this Agreement and as an inducement to Buyer to purchase the Property from Seller, Seller makes the
following representations, acknowledgments and warranties, each of which is material and is being relied upon by Buyer, and each of which shall be true and correct as of the Close of Escrow as a condition to the Close of Escrow for Buyer’s
benefit: 
 (a) Authority. Seller has the legal right, power and authority to enter into this Agreement and the documents
required to be delivered by Seller pursuant to Section 8 above, and to consummate the transactions contemplated hereby, and the execution, delivery and performance of this Agreement have been duly authorized and no other action by Seller is
requisite to the valid and binding execution, delivery and performance of this Agreement, except as otherwise expressly set forth herein. 
 (b) Requisite Action. All requisite limited partnership action has been taken by Seller in connection with (i) the entering into this Agreement and the instruments referenced

  
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in this Agreement, (ii) the performance of its obligations under this Agreement and (iii) the consummation of the transactions contemplated by this Agreement. No other consent of any
member, partner, shareholder, creditor, investor, judicial or administrative body, authority or other party is required in connection therewith. 
 (c) No Bankruptcy. There is no pending, or to Seller’s knowledge, threatened in writing, case, proceeding or other action seeking reorganization, arrangement, adjustment, liquidation,
dissolution or recomposition of Seller or seeking appointment of a receiver, trustee, custodian or similar official for Seller for all or any substantial part of its assets. 
 (d) No Notices of Violation. Neither Seller nor any of Seller’s affiliates engaged in the development and/or construction of the Property has received any written notice of any existing
violations, suspensions or revocations of any restrictive covenants, deed restrictions, or federal, state, county or municipal laws, ordinances, orders, codes, regulations, requirements or permits affecting Seller or the Property. 

(e) No Pending Litigation. Neither Seller nor any of Seller’s affiliates engaged in the development and/or construction of
the Property has been served with notice of any material outstanding suits, actions, or proceeding relating to the Property. 

(f) Leases. Other than the Leases and as expressly set forth in the Condition of Title, Seller has not entered into any leases,
tenancy or occupancy agreements with respect to the Property. Seller has not received any written notice from Lessee of any default or breach on the part of Seller as the landlord under either of the Leases nor does Seller have actual knowledge of
any payment default to Seller by the Lessee. Seller has paid current all leasing and brokerage fees and commissions that have become due and payable by Seller under any brokerage agreements, with any future leasing and brokerage fees and commissions
payable in connection with the renewal of the existing Leases (or the exercise of any purchase option) being the sole responsibility of Buyer. Seller has provided Buyer with complete copies of the leasing commission and brokerage agreements
described on Exhibit “O”, which agreements represent the only leasing commission and brokerage agreements for future leasing and brokerage fees and commissions payable in connection with the renewal of the existing Leases (or the
exercise of any purchase option) that Seller has entered into with respect to the Property (collectively, the “Leasing Commission Representation”). Seller’s obligation with respect to the Leasing Commission Representation shall
survive the Close of Escrow for a period of eighteen (18) months. Except as expressly stated in the rent roll attached as Exhibit “F”, all tenant improvement obligations, concessions and other tenant inducements required for
the term of a Lease to commence, have been fully paid and satisfied by Seller and no such obligations, concessions or inducements become payable in the future for the commencement date under a Lease to occur. Except as set forth in said rent rolls,
as of the date of this Agreement, Seller has not received from any Lessee any written notice to cancel, renew or extend any Lease. In addition, and as more particularly described in Exhibit “F” hereof, Seller has entered into certain
landlord agreements with certain of the Lessee’s lenders (the “Landlord Agreements”). Buyer acknowledges that the Landlord Agreements shall be assigned to Buyer as part of the Assignment of Leases and that Seller has met its
obligation to Buyer to disclose to Buyer the existence of such Landlord Agreements, to the extent contemplated in each of such agreements. Notwithstanding anything to the contrary set forth above, if an Estoppel from a Lessee is

  
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obtained that contains a certification that expressly covers and validates the representations made by Seller in this Section 13(f) with respect to the Leases, then Seller’s
representation with respect to such express matter or matters shall be deemed of no further force and effect. 
 (g)
OFAC. (i) The information concerning the identities of Seller and Seller’s officers, directors and owners supplied to Buyer by Seller is true, correct and complete; (ii) Seller is not a Prohibited Person (as defined below);
(iii) Seller is currently in compliance with and will at all times during the term of this Agreement remain in compliance with the regulations of the Office of Foreign Asset Control of the Department of the Treasury and any statute, executive
order (including the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action relating thereto. “Prohibited
Person” shall mean any person, organization, or entity: (A) listed in the Annex to, or is otherwise subject to, the provisions of Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001, and relating to
Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (the “Executive Order”); (B) owned or controlled by, or acting for or on behalf of, any person or entity that is listed
in the Annex to, or is otherwise subject to the provisions of, the Executive Order; (C) with whom a party is prohibited from dealing or otherwise engaging in any transaction by any terrorism or money laundering legal requirements, including the
PATRIOT Act and the Executive Order; (D) that commits, threatens, or conspires to commit or supports “terrorism” as defined in the Executive Order; (E) that is named as a “specifically designated national” or
“blocked person” on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control at its official website, http://www.treas.gov/offices/eotffc/ofac/sdn, or at any replacement website or other replacement
official publication of the list or is named on any other U.S. or foreign government or regulatory list maintained for the purpose of preventing terrorism, money laundering, or similar activities; (F) that is covered by IEEPA, OFAC, or any
other law, regulation, or executive order relating to the imposition of economic sanctions against any country, region, or individual pursuant to United States law or United Nations resolution; or (G) that is an affiliate (including any
principal, officer, immediate family member, or close associate) of a person or entity described in one or more of the above clauses of this definition of Prohibited Person. In addition, and not in limitation of any of the representations and
warranties set forth in this Section 13(g), no later than ten (10) business days after the date hereof, if requested by Buyer, Seller agrees to provide documentation reasonably necessary or desirable for Buyer to verify compliance with
such laws, which documentation shall include, without limitation, information regarding the ownership of Seller, it being agreed, however, that Seller shall not be required to provide information regarding the holders of its publicly-offered common
stock, nor shall the representations and warranties of this Section 13(g) extend to such holders. Also, if requested by Buyer, Seller agrees to provide Buyer with the social security number, FEIN, or a copy of the passport, as applicable, for
each such person or entity. Notwithstanding any provision in this Agreement to the contrary, Buyer may disclose such information, without notice to Seller, to any government agency or regulators in connection with any regulatory examination or if
Buyer reasonably believes that such disclosure is required by law or its regulatory compliance policies. 
 (h) Service
Contracts. The list of Service Contracts on Exhibit “M” is a complete list of all management service, supply, repair and maintenance agreements, equipment leases and all other contracts and agreements (excluding the Leases)
with respect to or affecting 

  
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the Property as of the date of this Agreement. Complete copies of all Service Contracts (or written descriptions of oral Service Contracts) shall be provided to Buyer as part of the Background
Materials. Seller has neither given nor received any written notice of default with respect to any of the Service Contracts. 

(i) Hazardous Materials. Seller has not received written notice from any governmental entity alleging that Seller is not in full
compliance with environmental laws. Seller has provided to Buyer all written assessments, reports, data, results of investigations or audits, or other information that is in Seller’s possession relating to the environmental matters at or the
environmental condition of the Property. 
 (j) Taxes and Special Assessments. Seller has not submitted an application
for the creation of any special taxing district affecting the Property, or annexation thereby, or inclusion therein that is currently pending before a governmental authority. Except for any reassessments that may be due to the change of ownership as
a result of the Close of Escrow, Seller has not received written notice that any governmental or quasi-governmental agency or authority intends to impose or increase any special or other assessment against the Property, or any part thereof,
including assessments attributable to revaluations of the Property except as may be provided in the Background Materials. Seller represents and warrants that the only tax appeals pending with respect to the Property are more particularly described
on Exhibit “P” attached hereto. Seller agrees to make available to Buyer any and all documents in Seller’s files with respect to said pending tax appeals. 

(k) No Contractual or Donative Commitments. Seller has not made any written contractual or donative commitments relating to the
Property to any governmental authority, quasi-governmental authority, utility company, community association, homeowners’ association or to any other organization, group, or individual which would impose any obligation upon Buyer to make any
contribution or dedication of money or land, or to construct, install or maintain any improvements of a public or private nature on or off the Property. 
 (l) Employees. There are no employees of Seller employed in connection with the use, management, maintenance or operation of the Property whose employment will continue after the Closing Date.
There is no bargaining unit or union contract relating to any employees of Seller. 
 (m) Seller’s covenants in
Section 14 are true and correct as of the Close of Escrow. 
 The foregoing representations and warranties shall be true as
of the date hereof, and at the Close of Escrow as a condition to the Close of Escrow for Buyer’s benefit. If, prior to the Close of Escrow, Seller becomes aware of any change in fact or circumstance which would materially and adversely change
one or more of its foregoing representations or warranties, then Seller shall immediately give written notice of such changed fact or circumstance to Buyer. Upon Buyer being so notified by Seller of any such change in fact which would materially and
adversely change any of the representations or warranties contained herein and if such change was outside the reasonable control of Seller, Buyer, as its sole remedy, shall have the option of (i) waiving the breach of warranty or change, and
proceeding with the Close of Escrow, or (ii) terminating 

  
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this Agreement, in which event the Deposit and any other funds deposited by Buyer into the Escrow and all interest earned thereon shall be returned to Buyer. Any such election shall be made by
Buyer not later than five (5) business days after being so notified by Seller. If Buyer does not so timely elect to terminate this Agreement pursuant to this paragraph, then Buyer shall be deemed to have elected to waive its rights to terminate
this Agreement pursuant to this paragraph and to acquire the Property on the terms set forth in this Agreement with such representations or warranties being updated to take into account the changed facts or circumstances disclosed by Seller in its
notice to Buyer. 
 14. Seller’s Covenants. 

(a) Service Contracts. From and after the date of this Agreement and continuing throughout the Escrow Period, Seller shall not
enter into any new Service Contracts or any amendments or modifications to the existing Service Contracts, which new Service Contracts or amendments and/or modifications will survive the Close of Escrow (that is, not terminated at or before Closing
by Seller at no cost to Buyer) or otherwise affect the use, operation or enjoyment of the Property after the Close of Escrow without Buyer’s prior written consent, which consent may be withheld in Buyer’s reasonable judgment. 

(b) Leases. Between the date of this Agreement and the date which is two (2) business days prior to the expiration of the
Contingency Period, Seller shall not (i) enter into any new leases for any portion of the Property, (ii) enter into any amendments or any extensions of the Leases, or (iii) terminate any of the Leases, in each case without notifying
Buyer in writing in advance (but, in each case, subject to Buyer receiving prompt notification as set forth below, and in all cases at least two (2) business days prior to the expiration of the Contingency Period) and providing Buyer with
copies of such new lease, amendments, modifications and/or terminations, which Seller anticipates to execute. Seller shall discuss such documents of Buyer and take into consideration any comments proposed by Buyer. No such documents shall be
executed by Seller without first notifying Buyer in writing. From and after the date which is two (2) business days prior to the expiration of the Contingency Period, Seller shall not (A) enter into any new leases for any portion of the
Property, (B) enter into any amendments or any extensions of the Leases, (C) terminate any of the Leases, or (D) apply any security deposit under a Lease, in each case without Buyer’s prior written consent, which consent may be
withheld in Buyer’s sole and absolute discretion. In all events, Seller shall promptly provide Buyer with copies of any documents that are executed in accordance with the provisions of this Section 14(b). For any new leases approved by
Buyer as provided above, following the Close of Escrow, Buyer shall be responsible for any leasing commissions and tenant improvement costs. 
 (c) Operation in the Ordinary Course. Subject to Sections 14(a) and 14(b) above, from and after the date of this Agreement and continuing throughout the Escrow Period, Seller shall
(i) operate and manage the Property in the ordinary course and consistent with Seller’s past practices, (ii) maintain all insurance policies presently in effect, and (iii) perform when due, and otherwise comply with, all of
Seller’s obligations and duties under the Leases and Service Contracts, including, without limitation, timely making any payments required under the Service Contracts. For purposes hereof, “operating and managing the Property in the
ordinary course of business” shall not be deemed to include the performance of any obligations which are the obligations of the Lessees under the Leases. None of the Personal Property shall be removed

  
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from the Real Property, unless replaced by unencumbered personal property of equal or greater utility and value. All Personal Property and Intangible Personal Property shall be conveyed to Buyer
by Seller at the Close of Escrow free from any liens, encumbrances or security interests of any kind or nature other than the Condition of Title. 
 (d) Covenant Not to Convey or Encumber From and after the date of this Agreement and continuing throughout the Escrow Period, Seller shall not convey or encumber any portion of the Property or any
rights therein, nor enter into any conveyance, security document, easement, or other agreement granting to any person or entity any rights with respect to the Property or any part thereof, or any interest whatsoever therein, or any option with
respect thereto, without the prior written consent of Buyer, which consent may be withheld in Buyer’s reasonable judgment, except that typical utility easements shall be permitted so long as Buyer is provided with copies of same at least two
(2) business days prior to the expiration of the Contingency Period. The provisions of this Section 14 shall survive the Close of Escrow. 
 (e) No Marketing. Seller shall remove the Property from the market for sale, and not solicit, accept, entertain or enter into any negotiations or agreements with respect to the sale or disposition
of the Property, or any interest therein, or sell, contribute or assign any interest in the Property (except as may be required in connection with any existing encumbrances and/or with respect to internal transfers, so long as same does not delay or
impact the Close of Escrow). 
 (f) Insurance. Seller shall maintain all casualty and liability insurance in place as of
the date of this Agreement with respect to the Property in amounts and with deductibles substantially the same as existing on the date of this Agreement. 
 (g) Leasing Actions. Following the date that is two (2) business days prior to the expiration of the Contingency Period, Seller shall not accept any rent from any Lessees (or any new tenant
under any new lease permitted pursuant to the terms hereof) for more than one (1) month in advance of the payment date. Other than actions against a Lessee that do not seek eviction, following the date that is two (2) business days prior
to the expiration of the Contingency Period, Seller shall not commence or allow to be commenced on its behalf any action, suit or proceeding with respect to the Property without the prior written consent of Buyer. At least two (2) business days
prior to the expiration of the Contingency Period, Seller shall notify Buyer in writing as to any pending actions against Lessees. 
 (h) SNDA’s. Seller shall reasonably cooperate with Buyer by requesting no later than 2 business days following receipt of the form(s) for same from Buyer a subordination, non-disturbance and
attornment agreement executed and acknowledged by each Lessee in form and substance required by Buyer’s lender; provided that the receipt of same shall not be a condition to the Close of Escrow. 

(i) Post-Closing Covenants. Immediately upon the Close of Escrow, Seller shall deliver the originals (to the extent available) of
the Background Material (to the extent not previously delivered to Buyer), the original Warranties (to the extent available), and all personal property that is part of Seller’s property, including any and all keys, pass cards, security codes,
computer software and other devices relating to access to Seller’s improvements. In addition, 

  
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Seller shall immediately following the Close of Escrow deliver a tenant notification letter, in a form reasonably provided by Buyer and duly executed by such Seller, notifying each Lessee under a
Lease that the Property has been conveyed to Buyer and directing each Lessee to make all payments of rent and to send any notices or other correspondence regarding their respective Leases to the persons and addresses to be determined by Buyer and
specified in each such letter, on and after the Closing Date. Seller’s obligations in this subjection (i) shall survive the Close of Escrow. 
 15. Buyer’s Covenants, Representations, Acknowledgments and Warranties. In consideration of Seller entering into this Agreement and as an inducement to Seller to sell the Property to Buyer,
Buyer makes the following covenants, representations, acknowledgments and warranties, each of which is material and is being relied upon by Seller, and each of which shall be true and correct as of the Close of Escrow: 

(a) Authority. Buyer has the legal right, power and authority to enter into this Agreement and to consummate the transactions
contemplated hereby, and the execution, delivery and performance of this Agreement have been duly authorized and no other action by Buyer is requisite to the valid and binding execution, delivery and performance of this Agreement; provided, however,
that Buyer will require approval of its board of directors with respect to the contingency matters set forth in this Agreement in order to consummate the acquisition of the Property, which approval Buyer shall seek prior to the end of the
Contingency Period (and shall be deemed obtained if Buyer does not terminate the Agreement prior to the expiration of the Contingency Period). 
 (b) As Is. Buyer understands, acknowledges and agrees that, except as otherwise expressly provided herein and/or in any of the documents required to be delivered by Seller pursuant to
Sections 8(a), (b), (e) and (g) above (collectively, “Seller’s Closing Documents”), it is acquiring the Property “AS IS”, “WHERE IS”, “WITH ALL FAULTS” without any representation or
warranty of Seller, express, implied or statutory, except as expressly provided herein, as to (i) the nature or condition of the Property (including, without limitation, any design or natural defect of any kind or nature whatsoever),
(ii) the condition of title to the Property, or (ii) the Property’s fitness for Buyer’s intended use of same (including, without limitation Buyer’s ability to further construct or otherwise develop the Property). Buyer is a
sophisticated owner or investor in real estate, and is, or upon Closing will be, thoroughly familiar with the Property. Except for the express representations and warranties set forth herein and/or in any of the Seller’s Closing Documents,
Buyer is relying solely upon, and has conducted, or will conduct, its own, independent inspections, investigations and analyses of the Property as it deems necessary or appropriate in so acquiring the Property from Seller, including, without
limitation, an analysis of any and all matters concerning the condition of the Property and its suitability for Buyer’s intended purposes, a review and analysis of the Leases and any financial statements of the Lessees thereunder which Buyer
deems necessary, and a review of all applicable laws, ordinances, rules and governmental regulations (including, but not limited to, those relative to building, zoning and land use) affecting the development, use, occupancy or enjoyment of the
Property. 

  
 -21-

 (c) Limitation on Seller’s Liability. Buyer represents and covenants that Seller
shall not have any liability, obligation or responsibility of any kind with respect to the following: 
 (i) The content or
accuracy of any report, study, opinion or conclusion of any soils, toxic, environmental or other engineer or other person or entity who has examined the Property or any aspect thereof; 

(ii) The content or accuracy of any information released (whether written or oral) to Buyer by an engineer or planner in connection with
the development of the Property; 
 (iii) The availability of additional building or other permits or approvals for the
property by any state or local governmental bodies with jurisdiction over the Property, other than those currently existing for the existing improvements which are part of the Property; 

(iv) The availability or capacity of sewer, water or other utility connections to the Property, other than currently existing on the
site; 
 (v) Any of the items delivered to Buyer pursuant to Buyer’s review of the condition of the Property, including
the reports or other documents identified in Section 6(b) herein; and 
 (vi) The content or accuracy of any other
development or construction cost, projection, financial or marketing analysis or other information given to Buyer by Seller or reviewed by Buyer with respect to the Property. 
 (d) Buyer’s Representations and Warranties. Buyer’s representations and warranties shall be true as of the date hereof, and at the Close of Escrow, and Buyer shall notify Seller, in
writing, if it becomes aware of any facts rendering same untrue prior to the Close of Escrow. 
 16. Liquidated Damages
IF BUYER COMMITS A DEFAULT UNDER THIS AGREEMENT WHICH CAUSES BUYER’S FAILURE TO CLOSE, THEN IN ANY SUCH EVENT, THE ESCROW HOLDER MAY BE INSTRUCTED BY SELLER TO CANCEL THE ESCROW AND SELLER SHALL THEREUPON BE RELEASED FROM ITS OBLIGATIONS
HEREUNDER. BUYER AND SELLER AGREE THAT BASED UPON THE CIRCUMSTANCES NOW EXISTING, KNOWN AND UNKNOWN, IT WOULD BE IMPRACTICAL OR EXTREMELY DIFFICULT TO ESTABLISH SELLER’S DAMAGE BY REASON OF BUYER’S DEFAULT UNDER THIS AGREEMENT.
ACCORDINGLY, BUYER AND SELLER AGREE THAT IN THE EVENT OF DEFAULT BY BUYER UNDER THIS AGREEMENT WHICH CAUSES BUYER’S FAILURE TO CLOSE, IT WOULD BE REASONABLE AT SUCH TIME TO AWARD SELLER, AS SELLER’S SOLE AND EXCLUSIVE REMEDY AT LAW AND/OR
IN EQUITY WITH RESPECT TO BUYER’S FAILURE TO CLOSE IN DEFAULT OF THIS AGREEMENT, “LIQUIDATED DAMAGES” OF (i) UNENCUMBERED TITLE TO ALL IMPROVEMENTS MADE TO OR PLACED ON THE PROPERTY BY BUYER AND (ii) THE DEPOSIT. SELLER
SHALL ALSO BE 

  
 -22-

 
ENTITLED TO RECEIVE ANY AND ALL ATTORNEYS’ FEES AND OTHER COSTS INCURRED BY SELLER PURSUANT TO SECTION 20 HEREOF. 

THEREFORE, IF BUYER COMMITS SUCH A DEFAULT UNDER THIS AGREEMENT SELLER MAY INSTRUCT THE ESCROW HOLDER TO CANCEL THE ESCROW WHEREUPON
ESCROW HOLDER SHALL IMMEDIATELY TRANSFER TO OR PAY OVER TO SELLER THE LIQUIDATED DAMAGES, AND SELLER SHALL BE RELIEVED FROM ALL OBLIGATIONS AND LIABILITIES HEREUNDER (EXCEPT WITH RESPECT TO ANY INDEMNITY OBLIGATIONS), AND, PROMPTLY FOLLOWING ESCROW
HOLDER’S RECEIPT OF SUCH INSTRUCTION, ESCROW HOLDER SHALL CANCEL THE ESCROW. 
 NOTWITHSTANDING THE FOREGOING, THE
PROVISIONS OF THIS SECTION 16 SHALL NOT LIMIT SELLER’S RIGHTS TO PURSUE ACTUAL DAMAGES AGAINST BUYER WITH RESPECT TO OTHER BREACHES BY BUYER UNDER THIS AGREEMENT OCCURRING PRIOR TO THE CLOSING WHICH BREACHES WOULD NOT RESULT IN BUYER’S
FAILURE TO CLOSE THIS TRANSACTION; PROVIDED, HOWEVER, SUCH ACTUAL DAMAGES WHICH SELLER MAY RECOVER AGAINST BUYER SHALL NOT EXCEED THE FULL AMOUNT OF THE DEPOSIT; PROVIDED, HOWEVER, SUCH CAP ON ACTUAL DAMAGES WHICH SELLER MAY RECOVER SHALL NOT APPLY
TO BUYER’S INDEMNITY OBLIGATIONS HEREUNDER, BUYER’S FRAUD, BROKER FEE INDEMNITY OBLIGATIONS OF BUYER PURSUANT TO SECTION 20 BELOW, OR AMOUNTS TO BE PRORATED UNDER SECTION 11 ABOVE. 

SELLER AND BUYER ACKNOWLEDGE THAT THEY HAVE READ AND UNDERSTAND THE PROVISIONS OF THIS SECTION 16 AND BY THEIR INITIALS IMMEDIATELY
BELOW AGREE TO BE BOUND BY ITS TERMS. 
  

									
		 	     /s/ JM
	 		 	     /s/ TM
	 	
		 	Seller’s Initials	 		 	Buyer’s Initials	 	

 17. Seller’s Default. If any of Seller’s warranties or representations are knowingly or
negligently made in a materially false, misleading and inaccurate manner, or if Seller breaches an express covenant contained herein and Buyer has actual knowledge of the foregoing prior to the Close of Escrow, or if Seller fails to close for any
reason, except Buyer’s default or the permitted termination of this Agreement by either Seller or Buyer as herein expressly provided, Buyer shall be (x) entitled to (a) terminate this Agreement upon written notice to Seller and to
request the Escrow Holder to return the Deposit, together with all accrued interest thereon, to Buyer and (b) pursue an action to collect its actual out-of-pocket damages from Seller, not to exceed Twenty-Five Thousand Dollars ($25,000)
(excluding any lender related costs) or (y) seek specific performance of this Agreement provided that the following conditions are satisfied: Buyer has (i) deposited into Escrow all documents and instruments the deposit or delivery of
which by Buyer, as expressly set forth in this Agreement, are conditions to the obligations of Seller hereunder, (ii) demonstrated by reasonable evidence that the Purchase Price and any other required funds are readily available to Buyer for
deposit into Escrow, and (iii) demonstrated that Buyer is otherwise ready, willing and able to perform all of its obligations hereunder. Buyer 

  
 -23-

 
shall not be entitled to and hereby waives any right to file a Lis Pendens on the Property other than in connection with the pursuit of a specific performance action and only in the event the
conditions to the filing of such action as provided in the preceding sentence have been satisfied. In no event shall Buyer be entitled to collect from Seller any punitive, consequential or speculative damages. 

18. Damage or Condemnation Prior to Closing. Seller shall promptly notify Buyer of any casualty to the Property or any
condemnation proceeding commenced prior to the Close of Escrow. Thereafter, the provisions set forth in Sections 18(a), (b) and (c) below shall apply. 
 (a) Minor Damage. In the event of “minor” loss or damage being defined for the purpose of this Agreement as damage to the Property such that the Property could be repaired or restored, in
the opinion of an architect mutually acceptable to Seller and Buyer (with any fees, costs or expenses pertaining to such opinion to be borne equally by Buyer and Seller), to a condition substantially identical to that of the Property immediately
prior to the event of damage at a cost equal to or less than the greater of Five Hundred Thousand and no/100 Dollars ($500,000.00) or two and one-half percent (2.5%) of the Purchase Price and/or in which a Lessee does not have the right to
terminate its Lease due to the occurrence of the particular casualty event (as opposed to a failure to actually reconstruct within a particular period), then neither Seller nor Buyer shall have the right to terminate this Agreement as to the
Property due to such damage but Seller shall, at Seller’s option as expressed to Buyer in writing given not later than ten (10) days after such determination by the architect as provided above, either (a) reduce the Purchase Price by
an amount equal to the cost to repair such damage, or (b) following the occurrence of such damage, repair and restore the damaged portion of the Property to a condition substantially identical to that which existed immediately prior to the
occurrence of such damage and in either such event Seller shall retain all of Seller’s right, title and interest to any claims and proceeds Seller may have with respect to any casualty, rental loss and other insurance policies relating to the
Property, other than any rental loss insurance proceeds attributable to the period of time following the Close of Escrow to the extent that a Lessee is entitled to any abatement of rent, which rental loss proceeds shall be assigned to Buyer. In
addition and notwithstanding the foregoing, Buyer shall have the right to elect to make such repairs (in lieu of Seller), in which event, the Close of Escrow shall not be extended and upon the Close of Escrow, Buyer shall receive a credit against
the Purchase Price in an amount equal to the cost of the repairs. If Seller elects to repair and restore the damaged portion of the Property (and Buyer has not made the election above), Seller shall act promptly and diligently to complete such
repairs in a good and workmanlike manner and shall complete such repairs prior to the Close of Escrow, which may be extended as provided above, but in no event shall the Closing Date be extended beyond the Outside Date. Buyer and Seller agree that
the decision of any architect required hereunder shall be made within ten (10) days after the occurrence of such loss or damage. In addition, failure by Seller to make an affirmative election to repair and restore the damaged portion of the
Property as provided above shall be deemed to be an election by Seller under clause (a) above to reduce the Purchase Price by an amount equal to the cost to repair such damage. 

(b) Major Damage. In the event of a “major” loss or damage (being defined as any loss or damage which (i) is not
“minor” as defined hereinabove or a loss or damage that involves material access to or parking at the Property), or (ii) gives a Lessee the right to terminate its Lease due to the occurrence of the particular casualty event (as
opposed to a failure 

  
 -24-

 
to actually reconstruct within a particular period), Buyer shall have the option of terminating this Agreement by written notice delivered to Seller not later than ten (10) days after the
confirmation by the architect as provided above, in which event the Deposit shall be returned to Buyer, and Seller and Buyer shall thereupon be released from any and all liability hereunder, except for indemnities or other provisions which expressly
survive the early termination of this Agreement. If Buyer does not elect to terminate this Agreement by the expiration of such ten (10) day period (with a failure to make any type of election during the ten (10) day period being deemed to
be Buyer’s election to proceed to the Closing in accordance with the terms hereof), then Seller shall assign all of Seller’s right, title and interest to any claims and proceeds Seller may have with respect to any casualty, rental loss and
other insurance policies relating to the Property, and Buyer shall receive a credit against the Purchase Price in an amount equal to the aggregate amount of any deductible(s) under the insurance policies assigned to Buyer, together with the
uninsured or underinsured portion of any such damage, or amount that any insurer disputes. Failure by Buyer to make an election within such ten (10) day period shall be deemed to be an election by Buyer under clause (ii) immediately above
to proceed with the Close of Escrow. 
 (c) Vendor and Purchaser Risk Act. Except as set forth herein, Seller shall bear
the full risk of loss until the Close of Escrow. Upon the Close of Escrow, full risk of loss with respect to the Property shall pass to Buyer. 
 (d) Condemnation. If before the Close of Escrow, any condemnation or eminent domain proceedings are initiated against all or any portion of the Property, and such condemnation or eminent domain
proceedings would result in (i) a diminution in value of the Property in excess of the greater of Five Hundred Thousand Dollars ($500,000.00) or two and one-half percent (2.5%) of the Purchase Price as reasonably determined by the parties,
(ii) a reduction in the number of parking spaces at the Property to an amount which is less than the number of parking spaces required to be provided to the Lessees under the Leases, (iii) a reduction in the number of parking spaces at the
Property to an amount which is less than the number of parking spaces required to be maintained at the Property pursuant to the approvals issued by the applicable governmental authorities in connection with the initial construction of the
Improvements, (iv) any Lessee has the right to terminate its Lease as a result of the taking; in accordance with the terms of its Lease (as opposed to a failure to perform obligations subsequent to the taking in accordance with the terms of the
particular Lease); and/or (v) the elimination of an access point to the Property that would render access to the Property infeasible, then Buyer may terminate this Agreement upon written notice to Seller in which event the Deposit shall be
returned to Buyer and Seller and Buyer shall thereupon be released from any and all further liability hereunder. If Buyer elects to proceed to the Close of Escrow within ten (10) days after receipt of written notice from Seller as provided
above, Seller shall assign to Buyer at the Close of Escrow all rights and interest of Seller in and to any condemnation awards payable or to become payable on account of such condemnation or eminent domain proceedings. The provisions of this
Section 18 shall survive the Close of Escrow. 
 19. Notices. All notices or other communications required or
permitted hereunder shall be in writing, and shall be personally delivered or sent by registered or certified mail, postage prepaid, return receipt requested, or sent by electronic mail or telecopy, and shall be deemed received upon the earlier of
(i) if personally delivered, the date of delivery to the address 

  
 -25-

 
of the person to receive such notice, (ii) if mailed, three (3) business days after the date of posting by the United States post office, postage prepaid, or (iii) if delivered by
Federal Express or other overnight courier, the next business day. Any notice, request, demand, direction or other communication sent by telecopy or electronic mail must be confirmed within forty-eight (48) hours by letter mailed or delivered
in accordance with the foregoing (but shall still be deemed effective upon the date on which it was sent by electronic mail or telecopy). 
  

			
	 To Seller:
	  	 Ridge Southridge, L.P.
 c/o
Ridge Property Trust
 8430 West Bryn Mawr Avenue, Suite 400
 Chicago, Illinois 60631
 Attn: James G. Martell

Email: jmartell@rptrust.com

		
	 With a copy to:
	  	 Ridge Property Trust
 8430 West
Bryn Mawr Avenue, Suite 400
 Chicago, Illinois 60631
 Attn: William J. Peltin
 Email: wpeltin@rptrust.com

		
	 To Buyer:
	  	 IIT Acquisitions LLC
 518 17th
Street, 17th Floor
 Denver, CO 80202

Attn: Dwight L. Merriman
 Email:
dmerriman@industrialincome.com

		
	 With a copy to:
	  	 IIT Acquisitions LLC
 518 17th
Street, 17th Floor
 Denver, CO 80202

Attn: Joshua J. Widoff, Esq.
 Email:
jwidoff@dividendcapital.com

		
	 With a copy to:
	  	 IIT Acquisitions LLC
 518 17th
Street, 17th Floor
 Denver, CO 80202

Attn: Joshua J. Widoff, Esq.
 Email:
jwidoff@dividendcapital.com

		
	 With a copy to:
	  	 Allen Matkins Leck Gamble Mallory & Natsis LLP
 1900 Main Street, 5th Floor
 Irvine, California 92614-7321

Attn: Sandra A. Jacobson, Esq.
 Email:
sjacobson@allenmatkins.com

		
	 To Escrow Holder:
	  	 First American Title Insurance Company
 30 North LaSalle St., Suite 2700
 Chicago, Illinois 60602

  
 -26-

			
		 	 Attn: John Beckstedt, Jr.

Email: jbeckstedt@firstam.com

 Notice of change of address shall be given by written notice in the manner detailed in this
Section 19. Rejection or other refusal to accept or the inability to deliver because of changed address of which no notice was given shall be deemed to constitute receipt of the notice, demand, request or communication sent. 

20. Brokers. Except for Eastdil Secured who has represented Seller, each of the parties represents and warrants to the other that
they have not dealt with or incurred any obligations to any real estate broker, agent or other person that could result in the claim for a commission, finder’s or other fee related to this transaction. If any claims for brokers’ or
finders’ fees for the consummation of this Agreement arise other than as provided above, then Buyer hereby agrees to indemnify, save harmless and defend Seller from and against such claims if they shall be based upon any statement or
representation or agreement by Buyer, and Seller hereby agrees to indemnify, save harmless and defend Buyer if such claims shall be based upon any statement, representation or agreement made by Seller. The provisions of this Section 20 shall
survive the Close of Escrow and the indemnity obligations hereunder expressly fall outside of the Maximum Aggregate Liability Cap (as defined below) and are not capped by Buyer’s full Deposit amount. The Texas Real Estate License Act requires
written notice to Buyer that it should have an attorney examine an abstract of title to a Texas property or obtain a title insurance policy. Notice to that effect, is hereby given the Buyer. 

21. Legal Fees. In the event of the bringing of any action or suit by a party hereto against another party hereunder by reason of
any breach of any of the covenants or agreements or any inaccuracies in any of the representations and warranties on the part of the other party arising out of this Agreement, then in that event, the prevailing party in such action or dispute shall
be entitled to have and recover of and from the other party all costs and expenses of suit, including reasonable attorneys’ fees. Any judgment or order entered in any final judgment shall contain a specific provision providing for the recovery
of all costs and expenses of suit, including actual attorneys’ fees (collectively “Costs”) incurred in enforcing, perfecting and executing such judgment. The provisions of this Section 21 shall survive the Close of Escrow.

 22. Assignment. Buyer may not assign or otherwise transfer its rights or obligations under this Agreement without the
prior written consent of Seller, which shall not be unreasonably withheld or delayed; provided, however, Buyer may, without Seller’s consent (but with written notice to Seller and without any delay in any obligations hereunder), assign any or
all of Buyer’s rights under this Agreement to any investment advisory client of Buyer or entity formed on its behalf or to an entity controlled by or under common control with Buyer. Upon any permitted transfer, Buyer shall remain liable for
its obligations under this Agreement. Such assignment shall be in writing, contain an express assumption of all of Buyer’s duties and obligations hereunder, shall not be effective until written notice of same is received by Seller, and shall in
no event be deemed to constitute a release of any obligations of Buyer hereunder. 
 23. OFAC. Buyer represents and
warrants the following to Seller as of the date of this Agreement and as of the date of the Close of Escrow concerning Buyer (which representations and warranties shall survive the Close of Escrow and which for this purpose

  
 -27-

 
includes any assignee of Buyer and Buyer’s and Buyer’s assignee’s officers, directors, and owners of direct or beneficial ownership interests and any other constituent entities):
(a) the information concerning the identities of Buyer and Buyer’s officers, directors and owners supplied to Seller by Buyer is true, correct and complete; (b) Buyer is not a Prohibited Person (as defined below); (c) Buyer is
currently in compliance with and will at all times during the term of this Agreement remain in compliance with the regulations of the Office of Foreign Asset Control of the Department of the Treasury and any statute, executive order (including the
September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action relating thereto. In addition, and not in limitation of any of
the representations and warranties set forth in this Section 23, no later than ten (10) business days after the date hereof, if requested by Seller, Buyer agrees to provide documentation reasonably necessary or desirable for Seller to
verify compliance with such laws, which documentation shall include, without limitation, information regarding the ownership of Buyer, it being agreed, however, that Buyer shall not be required to provide information regarding the holders of its
publicly-offered common stock, nor shall the representations and warranties of this Section 23 extend to such holders, except that Buyer does state that its charter generally prohibits shareholders from owning more than 9.8% of outstanding
shares. Also, if requested by Seller, Buyer agrees to provide Seller with the social security number, FEIN, or a copy of the passport, as applicable, for each such person or entity. Notwithstanding any provision in this Agreement to the contrary,
Seller may disclose such information, without notice to Buyer, to any government agency or regulators in connection with any regulatory examination or if Seller reasonably believes that such disclosure is required by law or its regulatory compliance
policies. Any violation by Buyer of any of the foregoing representations, warranties and/or covenants shall be deemed to be a default by Buyer under the terms of this Agreement. 

24. Miscellaneous 
 (a) Survival of Seller’s and Buyer’s Representations and Warranties. The covenants, representations and warranties of Seller and Buyer set forth in this Agreement and the closing
documents delivered in accordance with this Agreement shall survive the Close of Escrow for a period of nine (9) months, except that the Leasing Commission Representation shall survive the Close of Escrow for a period of eighteen
(18) months. Except as otherwise expressly provided in this Agreement or in the closing documents delivered in accordance with this Agreement (which in either instance shall be subject to the survival period set forth in the prior sentence), no
other provision of this Agreement or the closing documents delivered in accordance with the terms of this Agreement shall survive Closing. 
 (b) Required Actions of Buyer and Seller. Buyer and Seller agree to execute such instruments and documents and to diligently undertake such actions as may be required in order to consummate the
purchase and sale herein contemplated. 
 (c) Time of Essence. Time is of the essence of each and every term, condition,
obligation and provision hereof. All references herein to a particular time of day shall be deemed to refer to Chicago time. 

  
 -28-

 (d) Counterparts. This Agreement may be executed in multiple counterparts, each of
which shall be deemed an original, but all of which, together, shall constitute one and the same instrument. 
 (e) Captions:
Interpretation. Any captions to, or headings of, the paragraphs or subparagraphs of this Agreement are solely for the convenience of the parties hereto, are not a part of this Agreement, and shall not be used for the interpretation or
determination of the validity of this Agreement or any provision hereof. The use of the terms “hereof”, “herein,” and “hereunder” shall mean and refer to this Agreement as a whole, unless the context expressly requires
otherwise. This Agreement shall be construed without regard to any presumption or other rule requiring construction against the party or parties causing this Agreement to be drafted. 

(f) No Obligations to Third Parties. Except as otherwise expressly provided herein, the execution and delivery of this Agreement
shall not be deemed to confer any rights upon, nor obligate any of the parties hereto, to any person or entity other than the parties hereto. 
 (g) Exhibits. The Exhibits attached hereto are hereby incorporated herein by this reference for all purposes. The Exhibits consist of the following: 

 

			
	Exhibit A	    	Legal Description
	Exhibit B	    	Deed
	Exhibit C	    	Assignment and Assumption of Leases
	Exhibit D	    	FIRPTA Certificate
	Exhibit E	    	Background Materials
	Exhibit F	    	Leases
	Exhibit G-1	    	Transtar Estoppel Certificate
	Exhibit G-2	    	Joerns Estoppel Certificate
	Exhibit G-3	    	Faurecia Estoppel Certificate
	Exhibit H	    	Intentionally Omitted
	Exhibit I	    	Bill of Sale and General Assignment
	Exhibit J	    	Form of Audit Inquiry Letter
	Exhibit K	    	Intentionally Omitted
	Exhibit L	    	Reserved
	Exhibit M	    	List of Service Contracts
	Exhibit N	    	Warranties
	Exhibit O	    	List of Commission Agreements
	Exhibit P	    	Pending Tax Appeals

 (h) Amendment to this Agreement. The terms of this Agreement may not be modified or amended except
by an instrument in writing executed by each of the parties hereto. 
 (i) Waiver. The waiver or failure to enforce any
provision of this Agreement shall not operate as a waiver of any future breach of any such provision or any other provision hereof. 

  
 -29-

 (j) Applicable Law. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Texas. 
 (k) Fees and Other Expenses. Except as otherwise provided herein, each
of the parties shall pay its own fees and expenses in connection with this Agreement. 
 (l) Entire Agreement. This
Agreement supersedes any prior agreements, negotiations and communications, oral or written, and contains the entire agreement between Buyer and Seller as to the subject matter hereof. No subsequent agreement, representation, or promise made by
either party hereto, or by or to an employee, officer, agent or representative of either party shall be of any effect unless it is in writing and executed by the party to be bound thereby. 

(m) Partial Invalidity. If any portion of this Agreement as applied to either party or to any circumstances shall be adjudged by a
court to be void or unenforceable, such portion shall be deemed severed from this Agreement and shall in no way effect the validity or enforceability of the remaining portions of this Agreement. 

(n) Successors and Assigns. Subject to the provisions of Section 22 hereof, this Agreement shall be binding upon and shall
inure to the benefit of the successors and assigns of the parties hereto. 
 (o) Business Days. In the event any date
described in this Agreement relative to the performance of actions hereunder by Buyer, Seller and/or Escrow Holder falls on a Saturday, Sunday or legal holiday, such date shall be deemed postponed until the next business day thereafter. 

(p) Submission of Document. Submission of this Agreement to Buyer for examination or signature does not constitute a reservation,
right or option to purchase the Property, and will not be effective as a binding purchase and sale agreement or otherwise until full execution by and delivery to both Buyer and Seller. 

(q) Intentionally Omitted. 
 (r) No Recordation. Other than in connection with the Buyer’s remedy of specific performance, no memorandum or other document relating to this Agreement will be recorded without the prior
written consent of Seller, and any such consent or approval will be conditioned upon Buyer providing Seller with a quitclaim deed fully executed and acknowledged by Buyer, quitclaiming any and all interests that it may have in the Property to
Seller, which quitclaim deed Seller may record in the event that this Agreement is terminated or the transaction contemplated herein is not consummated. 
 (s) Possession of the Property. Seller will deliver possession of the Property to Buyer upon the Close of Escrow, subject to the right of the tenants under the Leases and other parties pursuant to
the Condition of Title. 
 25. Confidentiality. Unless otherwise agreed to in writing by Seller and Buyer, each party
will keep confidential all documents, financial statements, reports or other information 

  
 -30-

 
provided to, or generated by the other party relating to the Property and will not disclose any such information to any person other than (i) the agents, attorneys, accountants, consultants,
brokers, employees, officers, directors, partners, managers, members, prospective lenders, prospective partners and/or any and all persons directly or indirectly acting for or with Seller or Buyer, as applicable, on a “need to know” basis
only; (ii) those who are actively and directly participating in the evaluation of the Property and the negotiation and execution of this Agreement or financing of the purchase of the Property and (iii) governmental, administrative,
regulatory or judicial authorities in accordance with applicable legal requirements. In connection with the foregoing, and except as required by law (including applicable securities law), Buyer agrees to keep confidential any and all information
that it learns with respect to the Property, as well as any and all matters related to the terms of the proposed transaction hereunder, including but not limited to the terms of this Agreement. In addition, prior to the Close of Escrow, neither
party shall be entitled to make any type of press release regarding this Agreement and/or any conveyance of the Property hereunder. With respect to any type of press release regarding this Agreement and/or conveyance of the Property hereunder made
by either party after the Close of Escrow, the other party shall have the right to approve such press release, in its reasonable judgment. However, except as required by law (including applicable securities law), Buyer expressly covenants and agrees
that it will not disclose any code compliance, environmental or other regulatory matters to governmental or other authorities without the express prior written approval by Seller. Upon any termination of this Agreement for any reason, Buyer will
promptly return to Seller copies of all documents or other information pertaining to the Property provided to Buyer by Seller. The provisions of this Section 25 will survive the termination of this Agreement but not after the Close of Escrow
(except with respect to those approvals required hereunder which by their express terms survive the Close of Escrow). 
 26.
Not an Offer. Seller’s delivery of unsigned copies of this Agreement is solely for the purpose of review by the party to whom delivered, and neither the delivery nor any prior communications between the parties, whether oral or written,
will in any way be construed as an offer by Seller, nor in any way imply that Seller is under any obligation to enter the transaction which is the subject of this Agreement. The signing of this Agreement by Buyer constitutes an offer which will not
be deemed accepted by Seller unless and until Seller has signed this Agreement and delivered a duplicate original to Buyer. 

27. RELEASE. EXCEPT AS OTHERWISE PROVIDED IN SECTION 27(d) BELOW, (a) BUYER, ON BEHALF OF BUYER AND BUYER’S HEIRS,
PERSONAL REPRESENTATIVES, SUCCESSORS AND ASSIGNS, AND ANYONE CLAIMING BY, THROUGH OR UNDER BUYER (COLLECTIVELY, “BUYER PARTIES”) HEREBY FULLY AND IRREVOCABLY RELEASES SELLER AND SELLER’S AFFILIATES, PARENT COMPANIES AND SUBSIDIARIES,
AND EACH OF THEIR RESPECTIVE EMPLOYEES, OFFICERS, DIRECTORS, SHAREHOLDERS, REPRESENTATIVES, AGENTS, SERVANTS, ATTORNEYS, SUCCESSORS AND ASSIGNS (COLLECTIVELY, THE “SELLER PARTIES”) FROM, AND ACCEPTS THE PROPERTY SUBJECT TO, ANY AND ALL
DEMANDS, LOSSES, CLAIMS, INJURIES, LIABILITIES, OBLIGATIONS, DAMAGES, PUNITIVE DAMAGES, JUDGMENTS, PENALTIES, FINES, COSTS, EXPENSES, ACTIONS OR CAUSES OF ACTION, LITIGATION, ADMINISTRATIVE OR OTHER JUDICIAL OR QUASI-JUDICIAL PROCEEDINGS OF ANY
NATURE WHATSOEVER (COLLECTIVELY, “CLAIMS”) THAT BUYER MAY NOW HAVE OR 

  
 -31-

 
HEREAFTER ACQUIRE AGAINST ANY SELLER PARTY ARISING FROM OR RELATED TO ANY CONSTRUCTION DEFECTS, ERRORS, OMISSIONS OR OTHER CONDITIONS, LATENT OR OTHERWISE, WHETHER GEOTECHNICAL, SEISMIC OR
OTHERWISE, AFFECTING THE PROPERTY OR ANY PORTION THEREOF OR ANY COMMON AREA ASSOCIATED THEREWITH, INCLUDING, WITHOUT LIMITATION, ENVIRONMENTAL MATTERS WHICH WERE (i) DESCRIBED OR REFERRED TO IN THE ENVIRONMENTAL REPORT OR IN ANY ENVIRONMENTAL
REPORT OBTAINED BY BUYER; OR (ii) REASONABLY DISCOVERABLE BY PRUDENT INVESTIGATION DURING THE CONTINGENCY PERIOD; OR (iii) OTHERWISE DISCLOSED BY SELLER TO BUYER OR DISCOVERED BY BUYER AT ANY TIME PRIOR TO THE CLOSE OF ESCROW. 

(b) EXCEPT AS OTHERWISE PROVIDED IN SECTION 27(d) BELOW, THIS RELEASE INCLUDES CLAIMS OF WHICH BUYER IS PRESENTLY UNAWARE OR WHICH
BUYER DOES NOT PRESENTLY SUSPECT TO EXIST WHICH, IF KNOWN BY BUYER, WOULD MATERIALLY AFFECT BUYER’S RELEASE TO SELLER. BUYER SPECIFICALLY ACKNOWLEDGES THAT BUYER HAS HAD THE OPPORTUNITY TO CONSULT WITH LEGAL COUNSEL REGARDING THIS RELEASE AND
HAS BEEN ADVISED BY BUYER’S LEGAL COUNSEL CONCERNING, AND HEREBY WAIVES, THE PROVISIONS OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH PROVIDES AS FOLLOWS: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR
EXPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN TO HIM OR HER MUST HAVE MATERIALLY AFFECTED THE SETTLEMENT WITH THE DEBTOR.” BUYER ALSO HEREBY EXPRESSLY WAIVES ANY RIGHT BUYER MAY HAVE UNDER ANY OTHER
STATUTE OR COMMON LAW PRINCIPLE OF SIMILAR EFFECT IN CONNECTION WITH THE RELEASE GIVEN IN THIS ARTICLE. 
 (c) IT IS UNDERSTOOD
AND AGREED THAT THE PURCHASE PRICE HAS BEEN ADJUSTED BY PRIOR NEGOTIATIONS TO REFLECT THAT ALL OF THE PROPERTY IS SOLD BY SELLER AND PURCHASED BY BUYER SUBJECT TO THE FOREGOING. IT IS NOT CONTEMPLATED THAT THE PURCHASE PRICE WILL BE INCREASED IF
COSTS TO BUYER ASSOCIATED WITH THE PROPERTY PROVE TO BE LESS THAN EXPECTED NOR WILL THE PURCHASE PRICE BE REDUCED IF THE BUYER’S PLAN FOR THE PROPERTY LEADS TO HIGHER COST PROJECTIONS. 

(d) THE FOREGOING RELEASE SHALL NOT EXTEND TO, AND SHALL EXPRESSLY EXCLUDE, CLAIMS ARISING FROM (I) SELLER’S FRAUDULENT ACTS OR
OMISSIONS, (II) SELLER’S BREACH OF THE EXPRESS REPRESENTATIONS, WARRANTIES, COVENANTS AND OBLIGATIONS (INCLUDING INDEMNITY OBLIGATIONS) UNDER THIS AGREEMENT AND SELLER’S CLOSING DOCUMENTS WHICH EXPRESSLY SURVIVE THE CLOSE OF ESCROW,
AND (III) THIRD PARTY CONTRACTUAL CLAIMS RELATING TO THE PERIOD OF TIME PRIOR TO THE CLOSE OF ESCROW AND ANY CLAIM FOR PERSONAL INJURY OR PROPERTY DAMAGE ARISING PRIOR TO THE CLOSE OF ESCROW TO THE EXTENT THAT BUYER HAD ACTUAL KNOWLEDGE OF SAME
(THROUGH AN ESTOPPEL OR OTHERWISE) PRIOR TO THE CLOSE OF ESCROW. NOTWITHSTANDING THE FOREGOING, THE 

  
 -32-

 
EXCLUSIONS FROM THE RELEASE DESCRIBED HEREINABOVE SHALL NOT APPLY TO THE EXTENT BUYER HAD, PRIOR TO THE CLOSE OF ESCROW, ACTUAL KNOWLEDGE (AS DEFINED IN SECTION 6(c) ABOVE) OF ANY SUCH CLAIM
ARISING FROM CLAUSES (I), (II) AND/OR (III) HEREINABOVE, AS THE CASE MAY BE. 
  

									
		 	     /s/ TM
	 		 	     /s/ JM
	 	
		 	Buyer’s Initials	 		 	Seller’s Initials	 	

 28. WAIVER OF JURY TRIAL. BUYER AND SELLER WAIVE TRIAL BY JURY IN RESPECT OF ANY ACTION IN
CONNECTION WITH THE TRANSACTION HEREUNDER OR THIS AGREEMENT. THIS WAIVER IS KNOWINGLY, WILLINGLY AND VOLUNTARILY MADE BY THE PARTIES HERETO. THE PARTIES HERETO HEREBY REPRESENT THAT NO REPRESENTATIONS OF FACT OR OPINION HAVE BEEN MADE BY ANY PERSON
OR ENTITY TO INDUCE THIS WAIVER OF TRIAL BY JURY OR TO IN ANY WAY MODIFY OR NULLIFY ITS EFFECT. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE PARTIES ENTERING INTO THIS AGREEMENT. BUYER AND SELLER ARE EACH HEREBY AUTHORIZED TO FILE A COPY OF THIS
PARAGRAPH IN ANY PROCEEDING AS CONCLUSIVE EVIDENCE OF THIS WAIVER OF JURY TRIAL. EACH PARTY REPRESENTS THAT IT HAS BEEN REPRESENTED IN THE SIGNING OF THIS AGREEMENT AND IN THE MAKING OF THIS WAIVER BY INDEPENDENT LEGAL COUNSEL, OR HAS HAD THE
OPPORTUNITY TO BE REPRESENTED BY INDEPENDENT LEGAL COUNSEL SELECTED OF ITS OWN FREE WILL, AND THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS THIS WAIVER WITH COUNSEL. The provisions of this Section 28 shall survive the Close of Escrow. 

29. Knowledge of Seller. Any references in this Agreement to the “knowledge of Seller” shall be expressly limited to the
actual knowledge of the following persons: (i) Kent Newsom, Vice President of Ridge Property Trust; and/or (ii) Zach Kitkowski, Property Manager, Ridge Property Trust. 

30. Reserved. 
 31. Indemnities. Any limitations on the parties’ remedies set forth in this Agreement will not be deemed to prohibit either party from specifically seeking attorneys’ fees pursuant to
Section 21 above or seeking indemnification from the other pursuant to Sections 6, 20 and 34 herein or from seeking damages from such other party in the event it fails or refuses to provide such indemnification. The provisions of this
Section 31 shall survive the Close of Escrow. 
 32. Limited Liability. Notwithstanding anything to the contrary
herein, Buyer on its own behalf and on behalf of the Buyer Parties hereby agrees that in no event or circumstance shall any of the shareholders, members, partners, employees, representatives, officers, directors, agents, property management company,
affiliated or related entities of Seller, have any personal liability under this Agreement. Seller on its own behalf and on behalf of its agents, shareholders, members, partners, employees, representatives, related and affiliated entities,
successors and assigns hereby agrees that in no event or circumstance shall any of the Buyer Parties other than 

  
 -33-

 
Buyer have any personal liability under this Agreement. Notwithstanding anything to the contrary contained herein, the maximum aggregate liability of Seller, and the maximum aggregate amount
which may be awarded to and collected by Buyer (including, without limitation, for any breach of any representation, warranty and/or covenant of Sellers, but excluding any post-closing leasing commission obligations arising due to a breach of the
Leasing Commission Representation and the prorations under this Agreement) under this Agreement or any documents executed pursuant hereto or in connection herewith, including, without limitation, the Exhibits attached hereto, shall not exceed Three
Hundred Thousand Dollars ($300,000.00) (“Seller’s Maximum Aggregate Liability Cap”). Notwithstanding the foregoing, Seller’s Maximum Aggregate Liability Cap shall not apply with respect to (i) Seller’s indemnity
obligations under Section 20 of this Agreement, (ii) any amounts to be prorated under Section 11 above, or (iii) Seller’s fraud. 
 33. Intentionally Omitted. 
 34. Information and Audit Cooperation.
For a period of seventy-five (75) days after the Close of Escrow, at the request of Buyer and at Buyer’s expense, Seller shall make available to Buyer the historical financial information in Seller’s possession regarding the operation
of the Property to the extent required by Buyer (as a publicly-traded real estate investment trust) in order to prepare stand-alone audited financial statements for such operations and in accordance with generally accepted accounting principles, as
of the end of the fiscal year 2010 and any required subsequent date or period, and to cooperate (at Buyer’s expense) with Buyer and any auditor engaged by Buyer for such purpose. Seller shall cause its property manager, without liability,
recourse or cost to Seller, to provide to Buyer’s designated independent auditor letter regarding the books and records of the Property in substantially the form of Exhibit “J” attached hereto and made a part hereof (the
“Audit Inquiry Letter”). Buyer agrees that (a) Buyer shall be solely liable to pay and shall reimburse Seller, within five (5) business days following Seller’s request, for all third-party, out-of-pocket costs and expenses
incurred by Seller in assisting Buyer at Buyer’s request under this Section 34 (such assistance, the “Audit Assistance”), including all such costs incurred to review, research and complete the Audit Inquiry Letter;
(b) Seller’s performance of any Audit Assistance shall be solely as an accommodation to Buyer and Seller shall have no, and Seller is hereby fully released and discharged from, any and all liability or obligation with respect to the Audit
Assistance, any filings (the “SEC Filings”) made by Buyer or its parent with the United States Securities and Exchange Commission (“SEC”) and the Audit Inquiry Letter; and (c) Buyer hereby agrees to indemnify, protect,
defend and hold Seller, its partners and their respective members, officers, directors, shareholders, participants, affiliates, employees, representatives, investors, agents, successors and assigns (each an “Indemnified Party” and
collectively, the “Indemnified Parties”) harmless from and against any and all Claims actually asserted against or actually incurred by any Indemnified Party as a result of or otherwise arising in connection with the Audit Assistance, the
SEC Filings and/or the Audit Inquiry Letter; provided, that Claims shall specifically exclude any Claims proximately resulting from the gross negligence or willful misconduct of an Indemnified Party. The provisions of this Section 34 shall
survive the Close of Escrow. 
 35. Portfolio Agreement. Seller acknowledges and agrees that (a) Buyer is
concurrently entering into with affiliates of Seller that certain Agreement of Purchase and Sale and Joint Escrow Instructions for certain real property located in Texas, Illinois and California

  
 -34-

 
(the “Portfolio Agreement”); (b) it shall be a condition to the Close of Escrow under this Agreement that Buyer consummates the transaction contemplated by the Portfolio
Agreement, and (c) if the Portfolio Agreement is terminated for any reason in whole or in part, then notwithstanding anything to the contrary in this Agreement, Buyer shall have the right to terminate this Agreement and receive a refund of the
Deposit, together with all interest accrued thereon. 
 36. Tax Appeals. As provided above, Seller represents and
warrants that the only current tax appeals pending with respect to the Property are described on Exhibit “P” attached hereto and incorporated herein by this reference. Upon the Close of Escrow, Sellers agrees to transition the
pursuit of the pending tax appeals to Buyer and provide Buyer with any and all documentation required in connection therewith. Thereafter, Seller shall have no further rights to participate in the pending tax appeal actions and shall have no
obligation to pay any appeal costs if Buyer is successful in the pending tax appeals. If, following the Close of Escrow, Buyer is successful with the tax appeals, after deducting the costs of the tax appeal, Buyer shall refund to Seller a prorata
share of any refund received by Buyer based upon any vacant space that was owned by Seller for the period in which the refund covers 

  
 -35-

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first written above. 
  

													
	“Seller”:	 	RIDGE SOUTHRIDGE, L.P.,
		 	a Texas limited partnership
			
		 	By:	 	 Ridge Texas Realty Holdings, L.L.C.,
 a Texas limited liability company,
 its general partner

				
		 		 	By:	 	Ridge Realty Group, L.L.C.,
		 		 		 	 a Delaware limited liability company,
 its manager

					
		 		 		 	By:	 	 /s/ JAMES G. MARTELL

		 		 		 		 	Name:	 	 James G. Martell

		 		 		 		 	Its:	 	 Managing Member

		
	“Buyer”:	 	IIT ACQUISITION LLC
			
		 	By:	 	 IIT Real Estate Holdco LLC,
 its sole member

				
		 		 	By:	 	 Industrial Income Operating Partnership LP,
 its sole member

					
		 		 		 	By:	 	 Industrial Income Trust, Inc.,
 its general partner

						
		 		 		 		 	By:	 	 /s/ THOMAS G. MCGONAGLE

		 		 		 		 		 	Name:	 	 Thomas G. McGonagle

		 		 		 		 		 	Its:	 	 CFO

 [Signatures continued on next page] 

  
 -36-

 Acceptance by Escrow Holder: 
 FIRST AMERICAN TITLE INSURANCE COMPANY hereby acknowledges that it has received originally executed counterparts or a fully executed original of the foregoing Agreement of Purchase and Sale and Joint
Escrow Instructions and agrees to act as Escrow Holder thereunder and to be bound by and perform the terms thereof as such terms apply to Escrow Holder. The foregoing waiver of jury trial shall also apply to the Escrow Holder 

 

					
	Dated: July      , 2011	 	FIRST AMERICAN TITLE INSURANCE COMPANY
			
		 	By:	 	  

		 	Print Name:
		 	Its: Authorized Agent

  
 -37-Amended and Restated Credit Agreement

 Exhibit 10.1 
 EXECUTION VERSION 
  

 
  

AMENDED AND RESTATED CREDIT AGREEMENT 
 among 
 API TECHNOLOGIES CORP., 

VARIOUS LENDERS, 

and 
 MORGAN
STANLEY SENIOR FUNDING, INC., 
 as ADMINISTRATIVE AGENT 

 
  

Dated as of June 27, 2011 
  

 
 MORGAN STANLEY
SENIOR FUNDING, INC., 
 as LEAD ARRANGER and SOLE BOOK-RUNNER 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
			
	SECTION 1.	  	Definitions and Accounting Terms	  	 	1	  
			
	1.01.	  	Defined Terms	  	 	1	  
	1.02.	  	Other Definitional Provisions	  	 	30	  
			
	SECTION 2.	  	Amount and Terms of Credit	  	 	31	  
			
	2.01.	  	The Commitments	  	 	31	  
	2.02.	  	Minimum Amount of Each Borrowing	  	 	31	  
	2.03.	  	Notice of Borrowing	  	 	31	  
	2.04.	  	Disbursement of Funds	  	 	32	  
	2.05.	  	Notes	  	 	32	  
	2.06.	  	Conversions	  	 	33	  
	2.07.	  	Pro Rata Borrowings	  	 	33	  
	2.08.	  	Interest	  	 	33	  
	2.09.	  	Interest Periods	  	 	34	  
	2.10.	  	Increased Costs, Illegality, etc.	  	 	35	  
	2.11.	  	Compensation	  	 	37	  
	2.12.	  	Change of Lending Office	  	 	37	  
	2.13.	  	Replacement of Lenders	  	 	37	  
	2.14.	  	[Reserved]	  	 	38	  
	2.15.	  	Incremental RL Commitments	  	 	39	  
			
	SECTION 3.	  	[Reserved]	  	 	40	  
			
	SECTION 4.	  	Commitment Commission; Fees; Reductions of Commitment	  	 	40	  
			
	4.01.	  	Fees	  	 	40	  
	4.02.	  	Voluntary Termination of Unutilized Revolving Loan Commitments	  	 	41	  
	4.03.	  	Mandatory Reduction of Commitments	  	 	41	  
			
	SECTION 5.	  	Prepayments; Payments; Taxes	  	 	42	  
			
	5.01.	  	Voluntary Prepayments	  	 	42	  
	5.02.	  	Mandatory Repayments	  	 	43	  
	5.03.	  	Method and Place of Payment	  	 	45	  
	5.04.	  	Net Payments	  	 	45	  
			
	SECTION 6.	  	Conditions Precedent to Credit Events on the Initial Borrowing Date	  	 	47	  
			
	6.01.	  	Effective Date; Notes	  	 	47	  
	6.02.	  	Representations and Warranties	  	 	47	  
	6.03.	  	Officer’s Certificate	  	 	48	  
	6.04.	  	Opinions of Counsel	  	 	48	  
	6.05.	  	Company Documents; Proceedings; etc.	  	 	48	  
	6.06.	  	Consummation of Acquisition, Financing Transactions; etc.	  	 	49	  
	6.07.	  	Consummation of the Refinancing	  	 	49	  
	6.08.	  	Adverse Change, Approvals	  	 	49	  
	6.09.	  	U.S. Guaranty and Collateral Agreement	  	 	49	  
	6.10.	  	Canadian Guaranty and Collateral Agreement	  	 	51	  

							
	6.11.	  	Mortgage; Title Insurance; Survey; Landlord Waivers; etc.	  	 	51	  
	6.12.	  	Financial Statements; Pro Forma Balance Sheet; Projections	  	 	53	  
	6.13.	  	Solvency Certificate; Insurance Certificates, etc.	  	 	53	  
	6.14.	  	Fees, etc.	  	 	53	  
	6.15.	  	Patriot Act	  	 	53	  
			
	SECTION 7.	  	Conditions Precedent to All Credit Events	  	 	54	  
			
	7.01.	  	No Default; Representations and Warranties	  	 	54	  
	7.02.	  	Notice of Borrowing	  	 	54	  
			
	SECTION 8.	  	Representations, Warranties and Agreements	  	 	54	  
			
	8.01.	  	Organization; Powers	  	 	54	  
	8.02.	  	Authorization; Enforceability	  	 	54	  
	8.03.	  	No Violation	  	 	55	  
	8.04.	  	Approvals	  	 	55	  
	8.05.	  	Financial Statements; Financial Condition; Undisclosed Liabilities; Projections	  	 	55	  
	8.06.	  	Litigation	  	 	56	  
	8.07.	  	True and Complete Disclosure	  	 	56	  
	8.08.	  	Use of Proceeds; Margin Regulations	  	 	57	  
	8.09.	  	Tax Returns and Payments	  	 	57	  
	8.10.	  	Compliance with ERISA	  	 	57	  
	8.11.	  	Security Documents	  	 	59	  
	8.12.	  	Properties	  	 	59	  
	8.13.	  	Subsidiaries	  	 	60	  
	8.14.	  	Compliance with Statutes, etc.	  	 	60	  
	8.15.	  	Investment Company Act	  	 	60	  
	8.16.	  	Insurance	  	 	60	  
	8.17.	  	Environmental Matters	  	 	60	  
	8.18.	  	Employment and Labor Relations	  	 	60	  
	8.19.	  	Intellectual Property, etc.	  	 	61	  
	8.20.	  	Indebtedness	  	 	61	  
	8.21.	  	Representations and Warranties in Acquisition Agreement	  	 	61	  
	8.22.	  	Foreign Assets Control Regulations, Etc	  	 	61	  
			
	SECTION 9.	  	Affirmative Covenants	  	 	62	  
			
	9.01.	  	Information Covenants	  	 	62	  
	9.02.	  	Books, Records and Inspections; Annual Meetings	  	 	65	  
	9.03.	  	Maintenance of Property; Insurance	  	 	65	  
	9.04.	  	Existence; Franchises	  	 	66	  
	9.05.	  	Compliance with Statutes, etc.	  	 	66	  
	9.06.	  	Compliance with Environmental Laws	  	 	66	  
	9.07.	  	ERISA	  	 	67	  
	9.08.	  	End of Fiscal Years; Fiscal Quarters	  	 	67	  
	9.09.	  	Performance of Obligations	  	 	68	  
	9.10.	  	Payment of Taxes	  	 	68	  
	9.11.	  	Use of Proceeds	  	 	68	  
	9.12.	  	Additional Security; Further Assurances; etc.	  	 	68	  
	9.13.	  	Interest Rate Protection	  	 	70	  
	9.14.	  	Ratings	  	 	70	  

  
 Page ii

							
	SECTION 10.	  	Negative Covenants	  	 	70	  
			
	10.01.	  	Liens	  	 	70	  
	10.02.	  	Consolidation, Merger, Purchase or Sale of Assets, etc.	  	 	73	  
	10.03.	  	Dividends	  	 	76	  
	10.04.	  	Indebtedness	  	 	76	  
	10.05.	  	Advances, Investments and Loans	  	 	79	  
	10.06.	  	Transactions with Affiliates	  	 	82	  
	10.07.	  	Capital Expenditures	  	 	82	  
	10.08.	  	Interest Coverage Ratio	  	 	83	  
	10.09.	  	Total Leverage Ratio	  	 	84	  
	10.10.	  	Modifications of Acquisition Documents, Certificate of Incorporation, By-Laws and Certain Other Agreements, etc.	  	 	84	  
	10.11.	  	Limitation on Certain Restrictions on Subsidiaries	  	 	84	  
	10.12.	  	Limitation on Issuance of Equity Interests	  	 	85	  
	10.13.	  	Business; etc.	  	 	86	  
	10.14.	  	Limitation on Creation of Subsidiaries	  	 	86	  
	10.15.	  	Negative Pledges	  	 	86	  
	10.16.	  	Registered Pension Plans	  	 	87	  
			
	SECTION 11.	  	Events of Default	  	 	87	  
			
	11.01.	  	Payments	  	 	87	  
	11.02.	  	Representations, etc.	  	 	87	  
	11.03.	  	Covenants	  	 	88	  
	11.04.	  	Default Under Other Agreements	  	 	88	  
	11.05.	  	Bankruptcy, etc.	  	 	88	  
	11.06.	  	ERISA	  	 	88	  
	11.07.	  	Security Documents	  	 	89	  
	11.08.	  	Guaranties	  	 	89	  
	11.09.	  	Judgments	  	 	89	  
	11.10.	  	Invalidity of Credit Documents	  	 	89	  
	11.11.	  	Change of Control	  	 	90	  
	11.12.	  	Borrower’s Right to Cure	  	 	90	  
			
	SECTION 12.	  	The Administrative Agent	  	 	90	  
			
	12.01.	  	Appointment	  	 	90	  
	12.02.	  	Nature of Duties	  	 	91	  
	12.03.	  	Lack of Reliance on the Administrative Agent	  	 	92	  
	12.04.	  	Certain Rights of the Administrative Agent	  	 	92	  
	12.05.	  	Reliance	  	 	92	  
	12.06.	  	Indemnification	  	 	93	  
	12.07.	  	The Administrative Agent in its Individual Capacity	  	 	93	  
	12.08.	  	Holders	  	 	93	  
	12.09.	  	Resignation by the Administrative Agent	  	 	93	  
	12.10.	  	Collateral Matters	  	 	94	  
	12.11.	  	Delivery of Information	  	 	95	  
			
	SECTION 13.	  	Miscellaneous	  	 	95	  
			
	13.01.	  	Payment of Expenses, etc.	  	 	95	  
	13.02.	  	Right of Setoff	  	 	96	  

  
 Page iii

							
	13.03.	  	Notices	  	 	96	  
	13.04.	  	Benefit of Agreement; Assignments; Participations	  	 	97	  
	13.05.	  	No Waiver; Remedies Cumulative	  	 	100	  
	13.06.	  	Payments Pro Rata	  	 	100	  
	13.07.	  	Calculations; Computations	  	 	101	  
	13.08.	  	GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL	  	 	101	  
	13.09.	  	Counterparts	  	 	102	  
	13.10.	  	Effectiveness	  	 	102	  
	13.11.	  	Headings Descriptive	  	 	103	  
	13.12.	  	Amendment or Waiver; etc.	  	 	103	  
	13.13.	  	Survival	  	 	105	  
	13.14.	  	Domicile of Loans	  	 	106	  
	13.15.	  	Register	  	 	106	  
	13.16.	  	Confidentiality	  	 	106	  
	13.17.	  	Special Provisions Regarding Pledges of Equity Interests in, and Promissory Notes Owned by, Persons Not Organized in the United States	  	 	107	  
	13.18.	  	Patriot Act	  	 	108	  
	13.19.	  	Interest Rate Limitation	  	 	108	  
	13.20.	  	Integration	  	 	108	  
	13.21.	  	Severability	  	 	108	  

  
 Page iv

			
	SCHEDULE 1.01(a)	  	Commitments
	SCHEDULE 1.01(b)	  	Lender Addresses
		
	EXHIBIT A-1	  	Form of Notice of Borrowing
	EXHIBIT A-2	  	Form of Notice of Conversion/Continuation
	EXHIBIT B-1	  	Form of Term Note
	EXHIBIT B-2	  	Form of Revolving Note
	EXHIBIT C	  	Form of Section 5.04(b)(ii) Certificate
	EXHIBIT D	  	[Reserved]
	EXHIBIT E	  	Form of Officers’ Certificate
	EXHIBIT F-1	  	Form of U.S. Guaranty and Collateral Agreement
	EXHIBIT F-2	  	Form of Canadian Guaranty and Collateral Agreement
	EXHIBIT G	  	Form of Solvency Certificate
	EXHIBIT H	  	Form of Compliance Certificate
	EXHIBIT I	  	Form of Assignment and Assumption Agreement
	EXHIBIT J	  	Form of Intercompany Note

 AMENDED AND RESTATED CREDIT AGREEMENT, dated as of June 27, 2011, among API
Technologies Corp., a Delaware corporation (the “Borrower”), the Lenders party hereto from time to time and Morgan Stanley Senior Funding, Inc., as Administrative Agent. All capitalized terms used herein and defined in
Section 1.01 are used herein as therein defined. 
 W I T N E S S E
T H: 
 WHEREAS, subject to and upon the terms and conditions set forth herein, the Lenders are willing to make
available to the Borrower the respective credit facilities provided for herein; 
 NOW, THEREFORE, IT IS AGREED: 

SECTION 1. Definitions and Accounting Terms. 
 1.01. Defined Terms. As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms
defined): 
 “Accrual” shall have the meaning provided in the definition of “Adjusted Consolidated Net
Income”. 
 “Acquired Entity or Business” shall mean either (x) the assets constituting a business,
division or product line of any Person not already a Subsidiary of the Borrower or (y) 100% of the Equity Interests of any such Person, which Person shall, as a result of the acquisition of such Equity Interests, become a Subsidiary of the
Borrower. 
 “Acquisition” shall mean the Borrower’s indirect acquisition of 100% of the outstanding
capital stock of Target, pursuant to the Acquisition Agreement. 
 “Acquisition Agreement” shall mean the
Agreement and Plan of Merger dated as of March 28, 2011 by and among the Borrower, Erie Merger Corp. and the Target. 

“Acquisition Documents” shall mean the Acquisition Agreement and all other agreements and documents relating to the
Acquisition, as the same may be amended, modified and/or supplemented from time to time in accordance with the terms hereof and thereof. 
 “Additional Security Documents” shall have the meaning provided in Section 9.12(b). 
 “Adjusted Consolidated Net Income” shall mean, for any period, Consolidated Net Income for such period plus (i) the sum of (A) the amount of all net non-cash charges (including,
without limitation, depreciation, amortization, deferred tax expense and non-cash interest expense) and (B) the amount of all net non-cash losses which were included in arriving at Consolidated Net Income for such period (but in the case of
clauses (A) and (B), excluding (x) any such non-cash charges representing an accrual or reserve (“Accrual”) for potential cash items in any future period (“Future Cash Payments”), provided,
however, to the extent at the time any Future Cash Payment is made, an amount equal to such Future Cash Payment (to the extent deducted in determining Consolidated Net Income for such period) plus the amount by which such Future Cash Payment
is less than the Accrual related thereto shall be added back to Adjusted Consolidated Net Income for the period in which such Future Cash Payment is made and (y) excluding amortization of a prepaid cash item that was paid in a prior period)
less (ii) the amount of all net non-cash gains and non-cash credits which were included in arriving at Consolidated Net Income for such period (but excluding any non-cash credit to the extent representing the reversal of an Accrual
described in the parenthetical in clause (i) above). 

 “Adjusted Consolidated Working Capital” shall mean, at any time,
Consolidated Current Assets (but excluding therefrom all cash and Cash Equivalents) less Consolidated Current Liabilities at such time. For purposes of calculating Adjusted Consolidated Working Capital for any period in which a Permitted
Acquisition occurs, the “consolidated current assets” and “consolidated current liabilities” of any Acquired Entity or Business (determined on a basis consistent with the corresponding definitions herein, with appropriate
reference changes) as of the date such Permitted Acquisition is consummated shall be added to Consolidated Current Assets or Consolidated Current Liabilities, as the case may be, as of the first day of the applicable period. 

“Administrative Agent” shall mean Morgan Stanley Senior Funding, Inc., in its capacity as Administrative Agent for the
Lenders hereunder and under the other Credit Documents, and shall include any successor to the Administrative Agent appointed pursuant to Section 12.09. 
 “Affiliate” shall mean, with respect to any Person, any other Person directly or indirectly controlling (including, but not limited to, all directors and officers of such Person),
controlled by, or under direct or indirect common control with, such Person. A Person shall be deemed to control another Person if such Person possesses, directly or indirectly, the power (i) to vote 10% or more of the securities having
ordinary voting power for the election of directors (or equivalent governing body) of such Person or (ii) to direct or cause the direction of the management and policies of such other Person, whether through the ownership of voting securities,
by contract or otherwise; provided, however, that none of the Administrative Agent, any Lender or any of their respective Affiliates shall be considered an Affiliate of the Borrower or any Subsidiary thereof. 

“Aggregate Consideration” shall mean, with respect to any Permitted Acquisition, the sum (without duplication) of
(i) the aggregate amount of all cash paid (or to be paid) by the Borrower or any of its Subsidiaries in connection with such Permitted Acquisition (excluding payments of fees and costs and expenses in connection therewith, but including all
contingent cash purchase price, earn-out, non-compete and other similar obligations of the Borrower and its Subsidiaries incurred and reasonably expected to be incurred in connection therewith (as determined in good faith by the Borrower)),
(ii) the aggregate principal amount of all Indebtedness assumed, incurred, refinanced and/or issued in connection with such Permitted Acquisition to the extent permitted by Section 10.04 and (iii) the fair market value of all other
consideration (other than Borrower Common Stock) payable in connection with such Permitted Acquisition. 
 “Aggregate
Exposure” shall mean, at any time, the sum of the aggregate principal amount of all Revolving Loans then outstanding. 

“Agreement” shall mean this Credit Agreement, as modified, supplemented, amended, restated (including any amendment and
restatement hereof), extended or renewed from time to time. 
 “Amendment and Restatement Agreement” means the
Amendment and Restatement Agreement dated as of June 27, 2011 between Holdings, the Borrower, the Administrative Agent and the Lead Arranger pursuant to which this Agreement was amended and restated. 

“Applicable Excess Cash Flow Percentage” shall mean, with respect to any Excess Cash Payment Date, 75%;
provided that so long as no Default or Event of Default is then in existence, if on the last day of the relevant Excess Cash Payment Period, the Total Leverage Ratio for the Test Period then most recently ended (as set forth in the
officer’s certificate delivered (or required to be delivered) 

  
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with respect to such Test Period pursuant to Section 9.01(e)) is (i)(a) less than 2.50:1.00 and (b) greater than or equal to 1.75:1.00, then the Applicable Excess Cash Flow
Percentage shall instead be 50%, (ii)(a) less than 1.75:1.00 and (b) greater than or equal to 1.00:1.00, then the Applicable Excess Cash Flow Percentage shall instead be 25%, and (iii) less than 1.00:1.00, then the Applicable
Excess Cash Flow Percentage shall instead be 0%. 
 “Applicable Margin” initially shall mean a percentage per
annum equal to (i) in the case of Term Loans maintained as (A) Base Rate Loans, 5.25% and (B) LIBOR Loans, 6.25%; (ii) in the case of Revolving Loans maintained as (A) Base Rate Loans, 5.25% and (B) LIBOR Loans, 6.25%;
and (iii) in the case of any Type of Revolving Loan pursuant to an Incremental RL Commitment Agreement of a given Tranche, that percentage per annum set forth in, or calculated in accordance with, Section 2.15 and the relevant Incremental
RL Commitment Agreement. 
 “Asset Sale” shall mean any sale, transfer or other disposition by the Borrower or
any of its Subsidiaries to any Person (including by way of redemption by such Person) other than to the Borrower or any Subsidiary of the Borrower of any asset (including, without limitation, any capital stock or other securities of, or Equity
Interests in, another Person), but excluding (a) sales of assets pursuant to Sections 10.02(ii), (v), (vi), (vii), (ix), (x), (xii), (xiv), (xv), (xx) and (xxi), and (b) any other sale, transfer or disposition (for such purpose,
treating any series of related sales, transfers or dispositions as a single such transaction) that generates Net Sale Proceeds of less than $500,000. 
 “Assignment and Assumption Agreement” shall mean an Assignment and Assumption Agreement substantially in the form of Exhibit I (appropriately completed). 

“Authorized Officer” shall mean, with respect to (i) delivering Notices of Borrowing, Notices of
Conversion/Continuation and similar notices, any person or persons that has or have been authorized by the board of directors of the Borrower to deliver such notices pursuant to this Agreement, (ii) delivering financial information and
officer’s certificates pursuant to this Agreement, the chief executive officer, president, chief financial officer, treasurer, assistant treasurer, controller or principal accounting officer of the Borrower, and (iii) any other matter in
connection with this Agreement or any other Credit Document, any officer (or a person or persons so designated by any two officers) of the Borrower. 
 “Bankruptcy Code” shall have the meaning provided in Section 11.05. 
 “Base Rate” shall mean, at any time, the highest of (i) the Prime Lending Rate at such time, (ii)  1/2 of 1% per annum in excess of the overnight Federal Funds Rate
at such time, (iii) the LIBO Rate for a LIBOR Loan denominated in dollars with a one-month interest period commencing on such day plus 1.00% and (iv) 2.50% per annum. For purposes of this definition, the LIBO Rate shall be
determined using the LIBO Rate as otherwise determined by the Administrative Agent in accordance with the definition of LIBO Rate, except that (x) if a given day is a Business Day, such determination shall be made on such day (rather than two
Business Days prior to the commencement of an Interest Period) or (y) if a given day is not a Business Day, the LIBO Rate for such day shall be the rate determined by the Administrative Agent pursuant to preceding clause (x) for the most
recent Business Day preceding such day. Any change in the Base Rate due to a change in the Prime Lending Rate, the Federal Funds Rate or such LIBO Rate shall be effective as of the opening of business on the day of such change in the Prime Lending
Rate, the Federal Funds Rate or such LIBO Rate, respectively. 
 “Base Rate Loan” shall mean
(i) each Term Loan and (ii) each Revolving Loan designated or deemed designated as such by the Borrower of such Loan at the time of the incurrence thereof or conversion thereto. 

  
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 “Borrower” shall have the meaning set forth in the preamble of this
Agreement. 
 “Borrower Common Stock” shall mean the authorized common stock of the Borrower. 

“Borrower Materials” shall have the meaning provided in Section 9.01. 

“Borrowing” shall mean the borrowing of one Type of Loan of a single Tranche by the Borrower from all the Lenders having
Commitments of the respective Tranche on a given date (or resulting from a conversion or conversions on such date) having in the case of LIBOR Loans the same Interest Period, provided that Base Rate Loans incurred pursuant to
Section 2.10(b) shall be considered part of the related Borrowing of LIBOR Loans. 
 “Business Day” shall
mean (i) for all purposes other than as covered by clause (ii) below, any day except Saturday, Sunday and any day which shall be in New York, New York, a legal holiday or a day on which banking institutions are authorized or
required by law or other government action to close and (ii) with respect to all notices and determinations in connection with, and payments of principal and interest on, LIBOR Loans, any day which is a Business Day described in clause
(i) above and which is also a day for trading by and between banks in Dollar deposits in the London interbank market. 

“Calculation Period” shall mean, with respect to any Permitted Acquisition, any Significant Asset Sale or any other
event expressly required to be calculated on a Pro Forma Basis pursuant to the terms of this Agreement, the Test Period most recently ended prior to the date of such Permitted Acquisition, Significant Asset Sale or other event for
which financial statements have been delivered to the Lenders pursuant to Section 9.01(a) or (b), as applicable; provided that, with respect to any event required to be calculated on a Pro Forma Basis that occurs prior to
the date on which financial statements have been (or are required to be) delivered pursuant to Section 9.01(a) for the Fiscal Quarter ending nearest to August 31, 2011, the “Calculation Period” shall be the period of four
consecutive Fiscal Quarters of the Borrower ended nearest to May 31, 2011 (taken as one accounting period), with Consolidated EBITDA, Consolidated Cash Interest Expense (prior to giving pro forma effect to the applicable event
required to be calculated on a Pro Forma Basis) being as set forth in the definition of “Test Period”. 

“Canadian GCA Collateral” shall mean all “Collateral” as defined in the Canadian Guaranty and Collateral
Agreement. 
 “Canadian Guaranty” shall mean the guaranty of the Canadian Subsidiary Guarantors pursuant to
Article II of the Canadian Guaranty and Collateral Agreement. 
 “Canadian Guaranty and Collateral Agreement”
shall have the meaning provided in Section 6.10. 
 “Canadian Insolvency Law” shall mean any of the
Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada), and the Winding-up and Restructuring Act (Canada), each as now and hereafter in effect, and any successors to such statutes and any
proceeding under applicable corporate law seeking an arrangement or compromise of some or all of the debts of a Person or a stay of proceedings to enforce some or all claims of creditors against a Person. 

“Canadian Subsidiary” of any Person shall mean any Subsidiary of such Person incorporated or organized in Canada or any
Province or territory thereof. 

  
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 “Canadian Subsidiary Guarantors” shall mean each Wholly-Owned Canadian
Subsidiary of the Borrower that is party to the Canadian Guaranty and Collateral Agreement, unless and until such time as the respective Subsidiary is released from all of its obligations under the Canadian Guaranty and Collateral Agreement in
accordance with the terms and provisions thereof. 
 “Capital Expenditures” shall mean, with respect to any
Person, all expenditures by such Person which should be capitalized in accordance with GAAP and, without duplication, the amount of all Capitalized Lease Obligations incurred by such Person; provided that for the avoidance of doubt,
capitalized technology costs shall constitute Capital Expenditures. 
 “Capitalized Lease Obligations” shall
mean, with respect to any Person, all rental obligations of such Person which, under GAAP, are or will be required to be capitalized on the books of such Person, in each case taken at the amount thereof accounted for as indebtedness in accordance
with such principles. 
 “Cash Equivalents” shall mean, as to any Person, (i) securities issued or
directly and fully guaranteed or insured by the United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof) having maturities of not more than six months
from the date of acquisition, (ii) marketable direct obligations issued by any state of the United States or any political subdivision of any such state or any public instrumentality thereof maturing within six months from the date of
acquisition thereof and, at the time of acquisition, having one of the two highest ratings obtainable from either S&P or Moody’s, (iii) Dollar denominated time deposits, certificates of deposit and bankers acceptances of any Lender or
any commercial bank having, or which is the principal banking subsidiary of a bank holding company having, a long-term unsecured debt rating of at least “A” or the equivalent thereof from S&P or “A2” or the equivalent thereof
from Moody’s with maturities of not more than six months from the date of acquisition by such Person, (iv) repurchase obligations with a term of not more than seven days for underlying securities of the types described in clause
(i) above entered into with any bank meeting the qualifications specified in clause (iii) above, (v) commercial paper issued by any Person incorporated in the United States rated at least A-1 or the equivalent thereof by S&P or at
least P-1 or the equivalent thereof by Moody’s and in each case maturing not more than six months after the date of acquisition by such Person, (vi) investments in money market funds substantially all of whose assets are comprised of
securities of the types described in clauses (i) through (v) above, and (vii) in the case of any Foreign Subsidiary only, direct obligations of the sovereign nation (or any agency thereof) in which such Foreign Subsidiary is organized
and is conducting business or in obligations fully and unconditionally guaranteed by such sovereign nation (or any agency thereof). 
 “Change of Control” shall mean (i) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than the Permitted
Holders, is or shall become the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of both (A) more than 35%, on a fully diluted basis, of the outstanding shares of Borrower
Common Stock and (B) a greater number of shares, on a fully diluted basis, of Borrower Common Stock than the Permitted Holders or (ii) the Board of Directors of the Borrower shall cease to consist of a majority of Continuing Directors.

 “Claims” shall have the meaning provided in the definition of “Environmental Claims”. 

“Closing Date Material Adverse Effect” shall mean any event, occurrence, condition, circumstance, development, state of
facts, change or effect (each, an “Effect”) that is or would reasonably be expected to be, individually or in the aggregate, materially adverse to, or has had or would reasonably be expected to have, individually or in the
aggregate, a material adverse effect on (x) the business, assets, properties, financial condition or results of operations of the Target and its subsidiaries, taken as a whole, 

  
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or (y) the Target’s ability to timely consummate the Merger (as defined in the Acquisition Agreement); provided, that with respect to clause (x) above, “Closing Date
Material Adverse Effect” shall not include any Effect to the extent arising or resulting from (i) any change, in and of itself, in the market price or trading volume of the Company Common Stock (as defined in the Acquisition Agreement)
(but not, in each case, the underlying cause of such change); (ii) any failure, in and of itself, by the Target to meet any projections or forecasts for any period ending (or for which revenues or earnings are released) on or after the date
hereof (but not, in each case, the underlying cause of such failure); (iii) any change in federal, state, non-U.S. or local Law (as defined in the Acquisition Agreement), regulations, policies or procedures, or interpretations thereof;
(iv) any change in GAAP (as defined in the Acquisition Agreement) or regulatory accounting requirements applicable or potentially applicable to the industries in which the Target and its subsidiaries operate; (v) changes generally
affecting the industries in which the Target and its subsidiaries operate; (vi) changes in economic conditions (including changes in the prevailing interest rates) in the United States, in any region thereof, or in any non-U.S. or global
economy; (vii) any attack on, or by, outbreak or escalation of hostilities or acts of terrorism involving the United States, or any declaration of war by the United States Congress or any hurricane, earthquake or other natural disaster;
(viii) any litigation brought by any Shareholder (as defined in the Acquisition Agreement) arising from allegations of a breach of fiduciary duty or similar obligations in connection with the transactions contemplated by the Acquisition
Agreement; or (ix) the announcement or pendency of the Acquisition Agreement or any action expressly required to be taken in compliance with the Acquisition Agreement or otherwise with the written consent of the Parent (as defined in the
Acquisition Agreement), except to the extent that such Effects relate to or arise in connection with the matters described in (A) clauses (iii) and (v) above disproportionately affect the electronic components and systems
manufacturing industry as compared to other companies that conduct business in the electronics or manufacturing industries and (B) clauses (iv), (vi) and (vii) above disproportionately affect the Target and its subsidiaries, taken as
a whole, as compared to other companies that conduct business in the industries in which the Target and its subsidiaries conduct business. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated and rulings issued thereunder. Section references to the Code are to the
Code, as in effect at the date of this Agreement and any subsequent provisions of the Code, amendatory thereof, supplemental thereto or substituted therefor. 
 “Collateral” shall mean all property (whether real or personal) with respect to which any security interests have been granted (or purported to be granted) pursuant to any Security
Document, including, without limitation, all U.S. GCA Collateral, all Canadian GCA Collateral, all Mortgaged Properties and all cash and Cash Equivalents delivered as collateral pursuant to Section 5.02 or 11. 

“Collateral Agent” shall mean Morgan Stanley Senior Funding, Inc. acting as collateral agent for the Secured Creditors
pursuant to the Security Documents. 
 “Commitment” shall mean any of the commitments of any Lender,
i.e., a Term Loan Commitment or a Revolving Loan Commitment. 
 “Commitment Commission” shall have the
meaning provided in Section 4.01(a). 
 “Company” shall mean any corporation, limited liability company,
partnership or other business entity (or the adjectival form thereof, where appropriate). 
 “Consolidated Cash Interest
Expense” shall mean, for any period, (i) the total consolidated cash interest expense of the Borrower and its Subsidiaries (including, without limitation, all commissions, discounts and other commitment and banking fees and charges
(e.g., fees with respect to 

  
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letters of credit, Interest Rate Protection Agreements and Other Hedging Agreements) for such period that are considered interest expense in accordance with GAAP), adjusted to exclude (to the
extent same would otherwise be included in the calculation above in this clause (i)) the amortization of any deferred financing costs for such period, plus (ii) without duplication, that portion of Capitalized Lease Obligations of the
Borrower and its Subsidiaries on a consolidated basis representing the interest factor for such period in accordance with GAAP, plus (iii) without duplication, net costs under Interest Rate Protection Agreements of the Borrower and its
Subsidiaries to the extent that such net costs are allocable to such period in accordance with GAAP, minus (iv) all interest payments received under outstanding Interest Rate Protection Agreements of the Borrower and its Subsidiaries
allocable to such period in accordance with GAAP. Notwithstanding anything to the contrary contained above, for purposes of determining the Interest Expense Coverage Ratio, to the extent Consolidated Cash Interest Expense is to be determined for any
Test Period which ends prior to the first anniversary of the Initial Borrowing Date, Consolidated Cash Interest Expense for all portions of such period occurring prior to the Initial Borrowing Date shall be calculated in accordance with the
definition of Test Period contained herein. For purposes of determining compliance with Section 10.08 for any Test Period that includes a Cure Quarter, the aggregate principal amount of the Loans repaid pursuant to Section 5.02(c)(i) with
the proceeds of the exercise of a Cure Right during such Cure Quarter shall be deemed to be outstanding during such Test Period and any cash interest expense of the Borrower and its Subsidiaries for such Test Period in respect of such
“outstanding” Loans shall be included as “Consolidated Cash Interest Expense” during such Test Period (as if such “outstanding” Loans bore interest at the average rate actually applicable to the Loans actually
outstanding during such Test Period). 
 “Consolidated Current Assets” shall mean, at any time, the
consolidated current assets of the Borrower and its Subsidiaries at such time. 
 “Consolidated Current
Liabilities” shall mean, at any time, the consolidated current liabilities of the Borrower and its Subsidiaries at such time, but excluding the current portion of any Indebtedness under this Agreement and the current portion of any other
long-term Indebtedness which would otherwise be included therein. 
 “Consolidated EBITDA” shall mean, for any
period, Consolidated Net Income for such period (without giving effect to (x) any extraordinary gains, (y) any non-cash income, and (z) any gains or losses from sales of assets other than inventory sold in the ordinary course of
business) adjusted by (A) adding thereto (in each case to the extent deducted in determining Consolidated Net Income for such period), without duplication, the amount of (i) total interest expense (inclusive of amortization of deferred
financing fees and other original issue discount and banking fees, charges and commissions (e.g., commitment fees)) of the Borrower and its Subsidiaries determined on a consolidated basis for such period, (ii) provisions for taxes based
on income, profits or capital (including federal, foreign, state, franchise, excise, withholding and similar taxes) for the Borrower and its Subsidiaries determined on a consolidated basis for such period, (iii) all depreciation and
amortization expense of the Borrower and its Subsidiaries determined on a consolidated basis for such period, (iv) in the case of any period including the Fiscal Quarter of the Borrower ended May 31, 2012, the amount of all fees and
expenses incurred in connection with the Transaction during such period, (v) the amount of all fees and expenses incurred in connection with any proposed or actual Permitted Acquisition, any proposed or actual issuance of debt or equity, any
proposed or actual asset disposition or Investment permitted hereunder, or any proposed or actual amendment, modification or refinancing of any Indebtedness, in each case, during such period, (vi) the amount of all other non-cash charges of the
Borrower and its Subsidiaries determined on a consolidated basis for such period, including, without limitation any non-cash charges for (a) goodwill write-offs and write-downs, (b) employee compensation plans, (c) purchase accounting
adjustments, including, without limitation, a dollar-for-dollar adjustment for that portion of revenue that would have been recorded in the relevant period had the balance of deferred revenue (unearned income) recorded on

  
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the closing balance sheet before application of purchase accounting not been adjusted downward to fair value to be recorded on the opening balance sheet in conformity with GAAP purchase
accounting rules and (d) any extraordinary, unusual or nonrecurring losses, (vii) cash restructuring charges (including severance) or reserves and business optimization expenses incurred during such period, including any restructuring
costs and integration costs incurred in connection with the Transaction, or Permitted Acquisitions after the Initial Borrowing Date or any other costs incurred in connection with any of the foregoing; provided that the aggregate amount of add
backs made pursuant to this clause (vii) and preceding clause (v) for any period of four consecutive Fiscal Quarters shall not exceed an amount equal to 7.5% of Consolidated EBITDA for such period of four consecutive Fiscal Quarters
(determined on a Pro Forma Basis during such period but before giving effect to any increase thereto pursuant to this clause (vii), preceding clause (iv) or the pro forma adjustments made pursuant to clause
(iii) of the definition of Pro Forma Basis), so long as all such expenses, charges or reserves are incurred within 12 months of the date of the Permitted Acquisition (if applicable) to which such expenses, charges or
reserves relate, (viii) expenses incurred or payments made during such period to the extent covered by contractual indemnification, reimbursement or refunding provisions in favor of the Borrower or any of its Subsidiaries in connection with the
Transaction or any Permitted Acquisition, and to the extent actually paid, reimbursed, credited or refunded in cash during such period by a third party other than the Borrower or any Subsidiary, (ix) Insurance Loss Addbacks, (x) fees,
costs and expenses paid in cash in connection with the repayment or prepayment of the Loans or any other Indebtedness, including the after-tax effect of any income (or loss) for such period attributable to the early extinguishment of Indebtedness,
and (xi) any foreign currency translation or transaction losses (including losses related to currency remeasurement of Indebtedness), and (B) subtracting therefrom (to the extent not otherwise deducted in determining Consolidated Net
Income for such period) (i) the amount of all cash payments or cash charges made (or incurred) by the Borrower or any of its Subsidiaries for such period on account of any non-cash charges added back to Consolidated EBITDA pursuant to preceding
subclause (A)(vi) in a previous period and (ii) Insurance Loss Deductions. For the avoidance of doubt, it is understood and agreed that, to the extent any amounts are excluded from Consolidated Net Income by virtue of the proviso to the
definition thereof contained herein, any add backs to Consolidated Net Income in determining Consolidated EBITDA as provided above shall be limited (or denied) in a fashion consistent with such proviso. Notwithstanding anything to the contrary
contained above, for purposes of determining Consolidated EBITDA for any Test Period which ends prior to the first anniversary of the Initial Borrowing Date, Consolidated EBITDA for all portions of such period occurring prior to the Initial
Borrowing Date shall be calculated in accordance with the definition of Test Period contained herein. 
 “Consolidated
Indebtedness” shall mean, at any time, the sum (without duplication) of (i) the aggregate principal amount of all outstanding Loans, (ii) the aggregate outstanding amount of all Capitalized Lease Obligations, (iii) the
aggregate principal amount of all other obligations for borrowed money, determined on a consolidated basis for the Borrower and its Subsidiaries in accordance with GAAP, (iv) all Contingent Obligations of the Borrower and its Subsidiaries in
respect of Indebtedness of any third Person of the type referred to in preceding clauses (i) and (ii), and (v) for purposes of determining compliance with Section 10.09 for any Test Period that includes a Cure Quarter, the aggregate
principal amount of the Loans repaid pursuant to Section 5.02(c) with the proceeds of the exercise of a Cure Right during such Cure Quarter. 
 “Consolidated Net Income” shall mean, for any period, the net income (or loss) of the Borrower and its Subsidiaries determined on a consolidated basis for such period (taken as a single
accounting period) in accordance with GAAP, provided that the following items shall be excluded in computing Consolidated Net Income (without duplication): (i) the net income (or loss) of any Person in which a Person or Persons other
than the Borrower and its Wholly-Owned Subsidiaries has an Equity Interest or Equity Interests to the extent of such Equity Interests held by Persons other than the Borrower and its Wholly-Owned Subsidiaries in such Person, (ii) except for
determinations expressly required to be 

  
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made on a Pro Forma Basis, the net income (or loss) of any Person accrued prior to the date it becomes a Subsidiary or all or substantially all of the property or assets of such
Person are acquired by a Subsidiary and (iii) the net income of any Subsidiary to the extent that the declaration or payment of cash dividends or similar cash distributions by such Subsidiary of such net income is not at the time permitted by
the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to such Subsidiary. 
 “Contingent Obligation” shall mean, as to any Person, any obligation of such Person as a result of such Person being a general partner of any other Person, unless the underlying
obligation is expressly made non-recourse as to such general partner, and any obligation of such Person guaranteeing or intended to guarantee any Indebtedness, leases, dividends or other obligations (“primary obligations”) of any
other Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent, (i) to purchase any such primary obligation or any
property constituting direct or indirect security therefor, (ii) to advance or supply funds (x) for the purchase or payment of any such primary obligation or (y) to maintain working capital or equity capital of the primary obligor or
otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to
make payment of such primary obligation or (iv) otherwise to assure or hold harmless the holder of such primary obligation against loss in respect thereof; provided, however, that the term Contingent Obligation shall not include
endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of
which such Contingent Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith.

 “Continuing Directors” shall mean the directors of the Borrower on the Effective Date and each other
director if such director’s nomination for election to the Board of Directors of the Borrower is recommended by a majority of the then Continuing Directors. 
 “Credit Documents” shall mean this Agreement, the U.S. Guaranty and Collateral Agreement, the Canadian Guaranty and Collateral Agreement and, after the execution and delivery thereof
pursuant to the terms of this Agreement, each Note, each other Security Document and each Incremental RL Commitment Agreement. 

“Credit Event” shall mean the making of any Loan. 

“Credit Party” shall mean the Borrower and each Subsidiary Guarantor. 

“Cure Right” shall have the meaning provided in Section 11.12. 

“Cure Quarter” shall have the meaning provided in Section 11.12. 

“Default” shall mean any event, act or condition which with notice or lapse of time, or both, would constitute an Event
of Default. 
 “Defaulting Lender” shall mean any Lender with respect to which a Lender Default is in effect.

 “Defaulting RL Lender” shall mean any RL Lender with respect to which a Lender Default is in effect.

  
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 “Disclosure Letter” shall mean the disclosure letter, dated as of the date
hereof, as amended or supplemented from time to time by the Borrower with the written consent of the Administrative Agent (or as supplemented by the Borrower pursuant to the terms of this Agreement), delivered by the Borrower to the Administrative
Agent for the benefit of the Lenders. 
 “Dividend” shall mean, with respect to any Person, that such Person
has declared or paid a dividend, distribution or returned any equity capital to its stockholders, partners or members or authorized or made any other distribution, payment or delivery of property (other than common Equity Interests of such Person)
or cash to its stockholders, partners or members in their capacity as such, or redeemed, retired, purchased or otherwise acquired, directly or indirectly, for consideration any shares of any class of its capital stock or any other Equity Interests
outstanding on or after the Effective Date (or any options or warrants issued by such Person with respect to its capital stock or other Equity Interests), or set aside any funds for any of the foregoing purposes, or shall have permitted any of its
Subsidiaries to purchase or otherwise acquire for a consideration any shares of any class of the capital stock or any other Equity Interests of such Person outstanding on or after the Effective Date (or any options or warrants issued by such Person
with respect to its capital stock or other Equity Interests). Without limiting the foregoing, “Dividends” with respect to any Person shall also include all payments made or required to be made by such Person with respect to any stock
appreciation rights, plans, equity incentive or achievement plans or any similar plans or setting aside of any funds for the foregoing purposes. 
 “Documents” shall mean, collectively, (i) the Credit Documents, (ii) the Acquisition Documents and (iii) the Refinancing Documents. 

“Dollars” and the sign “$” shall each mean freely transferable lawful money of the United States.

 “Domestic Subsidiary” of any Person shall mean any Subsidiary of such Person incorporated or organized in
the United States or any State or territory thereof or the District of Columbia. 
 “DSS” shall mean the
Defense Security Service of the United States Department of Defense. 
 “Effect” shall have the meaning
provided in the definition of “Closing Date Material Adverse Effect”. 
 “Effective Date” shall have
the meaning provided in Section 13.10. 
 “Eligible Transferee” shall mean and include a commercial bank,
an insurance company, a finance company, a financial institution, any fund that invests in loans or any other “accredited investor” (as defined in Regulation D of the Securities Act), but in any event excluding the Borrower and its
Subsidiaries and Affiliates. 
 “Environmental Claims” shall mean any and all administrative, regulatory or
judicial actions, suits, demands, demand letters, directives, claims, liens, notices of noncompliance or violation, investigations and/or proceedings relating in any way to any noncompliance with, or liability arising under, Environmental Law or to
any permit issued, or any approval given, under any Environmental Law (hereafter, “Claims”), including, without limitation, (a) any and all Claims by governmental or regulatory authorities for enforcement, cleanup, removal,
response, remedial or other actions or damages pursuant to any Environmental Law, and (b) any and all Claims by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief arising out of or
relating to an alleged injury or threat of injury to human health, safety or the environment due to the presence of Hazardous Materials. 

  
 -10-

 “Environmental Law” shall mean any applicable federal, state, provincial,
local or foreign law (including principles of common law), rule, regulation, ordinance, code, directive, judgment, order or agreement, now or hereafter in effect and in each case as amended, and any judicial or administrative interpretation thereof,
relating to the protection of the environment, or of human health (as it relates to the exposure to environmental hazards) or to the presence, Release or threatened Release, or the manufacture, use, transportation, treatment, storage, disposal or
recycling of Hazardous Materials, or the arrangement for any such activities. 
 “Equity Interests” of any
Person shall mean any and all shares, interests, rights to purchase, warrants, options, participation or other equivalents of or interest in (however designated) equity of such Person, including any common stock, preferred stock, any limited or
general partnership interest and any limited liability company membership interest. 
 “ERISA” shall mean the
U.S. Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings issued thereunder. 
 “ERISA Affiliate” shall mean any person that for purposes of Title I or Title IV of ERISA or Section 412 of the Code would be deemed at any relevant time to be a single employer or
otherwise aggregated with the Borrower or any of its Subsidiaries under Section 414(b) or (c) of the Code or Section 4001 of ERISA. 
 “ERISA Event” shall mean any one or more of the following: 
 (a) any Reportable Event; 
 (b) the filing of a notice of intent to
terminate any Plan, if such termination would require material additional contributions in order to be considered a standard termination within the meaning of Section 4041(b) of ERISA, the filing under Section 4041(c) of ERISA of a notice
of intent to terminate any Plan or the termination of any Plan under Section 4041(c) of ERISA; 
 (c) the
institution of proceedings, or the occurrence of an event or condition which would reasonably be expected to constitute grounds for the institution of proceedings by the PBGC under Section 4042 of ERISA for the termination of, or the
appointment of a trustee to administer, any Plan; 
 (d) the failure to make a required contribution to any Plan
that would result in the imposition of a lien or other encumbrance or the provision of security under Section 430 of the Code or Section 303 or 4068 of ERISA, or the arising of such a lien or encumbrance; there being or arising any
“unpaid minimum required contribution” or “accumulated funding deficiency” (as defined or otherwise set forth in Section 4971 of the Code or Part 3 of Subtitle B of Title I of ERISA), whether or not waived; or the filing of
any request for or receipt of a minimum funding waiver under Section 412 of the Code with respect to any Plan, or that such filing may be made; 
 (e) engaging in a non-exempt prohibited transaction within the meaning of Section 4975 of the Code or Section 406 of ERISA; 

(f) the complete or partial withdrawal of the Borrower or any of its Subsidiaries or any ERISA Affiliate from a
Multiemployer Plan, the reorganization or insolvency under Title IV 

  
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of ERISA of any Multiemployer Plan; or the receipt by the Borrower or any of its Subsidiaries or any ERISA Affiliate, of any notice, or the receipt by any Multiemployer Plan from any of the
Borrower, any of its Subsidiaries or any ERISA Affiliate of any notice, that a Multiemployer Plan is in endangered or critical status under Section 305 of ERISA; or 

(g) the Borrower, any of its Subsidiaries or an ERISA Affiliate incurring any liability under Title IV of ERISA with
respect to any Plan (other than premiums due and not delinquent under Section 4007 of ERISA). 
 “Event of
Default” shall have the meaning provided in Section 11. 
 “Excess Cash Flow” shall mean, for any
period, the remainder of (a) the sum of, without duplication, (i) Adjusted Consolidated Net Income for such period and (ii) the decrease, if any, in Adjusted Consolidated Working Capital from the first day to the last day of such
period, minus (b) the sum of, without duplication, (i) the aggregate amount of all Capital Expenditures made by the Borrower and its Subsidiaries during such period (other than Capital Expenditures to the extent financed with equity
proceeds, Equity Interests, capital contributions, asset sale proceeds, insurance proceeds or Indebtedness (other than Revolving Loans)), (ii) the aggregate amount of permanent principal payments of Indebtedness for borrowed money of the
Borrower and its Subsidiaries and the permanent repayment of the principal component of Capitalized Lease Obligations of the Borrower and its Subsidiaries during such period (other than (1) repayments made pursuant to the Refinancing,
(2) repayments made with the proceeds of asset sales, sales or issuances of Equity Interests, capital contributions, insurance or Indebtedness and (3) payments of Loans and/or other Obligations, provided that repayments of Loans
shall be deducted in determining Excess Cash Flow to the extent such repayments were required as a result of a Scheduled Repayment pursuant to Section 5.02(b)), (iii) the increase, if any, in Adjusted Consolidated Working Capital from the
first day to the last day of such period, (iv) the aggregate amount of all cash payments made in respect of all (A) Permitted Acquisitions or (B) other Investments permitted by Sections 10.05(v), (xiii), (xvi) and (xix), in each
case, consummated by the Borrower and its Subsidiaries during such period or payable within 100 days of the end of such period in respect of Permitted Acquisitions or other Investments consummated or initiated during such period (to the extent such
amounts were not deducted in calculating Excess Cash Flow in any prior period and will not be deducted in calculating Excess Cash Flow in any subsequent period (other than any such payments to the extent financed with equity proceeds, capital
contributions, asset sale proceeds, insurance proceeds or Indebtedness (other than Revolving Loans)), (v) the aggregate amount of any Dividends paid by the Borrower during such period pursuant to Section 10.03, to the extent such Dividends
were financed with internally generated funds of the Borrower, and (vi) to the extent included in determining Adjusted Consolidated Net Income for such period, (A) cash payments made during such period in respect of earn-out obligations
(to the extent such amounts were not deducted in calculating Excess Cash Flow in any prior period and will not be deducted in calculating Excess Cash Flow in any subsequent period) on account of Permitted Acquisitions consummated in a prior period
and (B) any premium paid in cash during such period by the Borrower and its Subsidiaries in connection with the prepayment, redemption, purchase, defeasance or other satisfaction prior to scheduled maturity of Indebtedness permitted to be
prepaid, redeemed, purchased, defeased or satisfied hereunder. 
 “Excess Cash Payment Date” shall mean the
date occurring 100 days after the last day of each Fiscal Year of the Borrower (commencing with the Fiscal Year of the Borrower ending November 30, 2011). 
 “Excess Cash Payment Period” shall mean (i) with respect to the repayment required on the first Excess Cash Payment Date, the period from the Effective Date to the last day of the
Borrower’s Fiscal Quarter ending closest to November 30, 2011 (taken as one accounting period), and (ii) with respect to the repayment required on each successive Excess Cash Payment Date, the immediately preceding Fiscal Year of the
Borrower. 

  
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 “Excluded Information” shall mean, in connection with an assignment or
purchase of Term Loans, information regarding the Term Loans or the Credit Parties that the Borrower or its Affiliates may have, or later may come into possession of, that is not known to the Lenders and that may be material to a decision by an
Affiliate of the Borrower to purchase Term Loans. 
 “Executive Order” shall have the meaning provided in
Section 8.22. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Existing Indebtedness” shall have the meaning provided in Section 6.07. 

“FATCA” shall mean Sections 1471 through 1474 of the Code, as enacted on the Effective Date, and the regulations
promulgated thereunder or published administrative guidance implementing such Sections. 
 “Federal Funds Rate”
shall mean, for any period, a fluctuating interest rate equal for each day during such period to the weighted average of the rates on overnight Federal Funds transactions with members of the Federal Reserve System arranged by Federal Funds brokers,
as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations
for such day on such transactions received by the Administrative Agent from three Federal Funds brokers of recognized standing selected by the Administrative Agent. 
 “Fees” shall mean all amounts payable pursuant to or referred to in Section 4.01. 
 “Financial Covenants” shall mean the covenants set forth in Sections 10.08 and 10.09. 
 “Fiscal Quarter” shall mean, for any Fiscal Year, (i) the fiscal period commencing on December 1 of such Fiscal Year and ending on February 28 or 29, as applicable, of such
Fiscal Year, (ii) the fiscal period commencing on March 1 of such Fiscal Year and ending on May 31 of such Fiscal Year, (iii) the fiscal period commencing on June 1 of such Fiscal Year and ending on August 31 of such
Fiscal Year and (iv) the fiscal period commencing on September 1 of such Fiscal Year and ending on November 30 of such Fiscal Year. 
 “Fiscal Year” shall mean (x) the fiscal year of the Borrower and its Subsidiaries ending on May 31, 2011, (y) the fiscal year of the Borrower and its Subsidiaries ending on
November 30, 2011 (which fiscal year shall be a period of six months) and (z) each succeeding fiscal year ending November 30, thereafter. 
 “Foreign Assets Control Regulations” shall have the meaning provided in Section 8.22. 
 “Foreign Lender” shall have the meaning provided in Section 5.04(b). 
 “Foreign Pension Plan” shall mean any plan, fund (including, without limitation, any superannuation fund) or other similar program established or maintained outside the United States by
the Borrower or any one or more of its Subsidiaries primarily for the benefit of employees of the Borrower or such Subsidiaries residing outside the United States, which plan, fund or other similar program provides, or results in, retirement income,
a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and which plan is not subject to ERISA or the Code. 

  
 -13-

 “Foreign Subsidiary” of any Person shall mean any Subsidiary of such Person
that is not a Domestic Subsidiary. 
 “Future Cash Payments” shall have the meaning provided in the definition
of “Adjusted Consolidated Net Income”. 
 “GAAP” shall mean generally accepted accounting principles
in the United States as in effect from time to time; provided that determinations in accordance with GAAP for purposes of Sections 5.02, 10, and the definition of “Permitted Acquisitions”, including defined terms as used therein,
and for all purposes of determining the Total Leverage Ratio, are subject (to the extent provided therein) to Section 13.07(a). 
 “Governing Body” shall mean the board of directors or other body having the power to direct or cause the direction of the management and policies of a Person that is a corporation,
partnership, trust or limited liability company. 
 “Governmental Authority” shall mean the government of the
United States of America, any other nation or any political subdivision thereof, whether state, provincial 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. 

“Guarantor” shall mean each U.S. Subsidiary Guarantor and each Canadian Subsidiary Guarantor. 

“Guaranty” shall mean each of the U.S. Guaranty and the Canadian Guaranty. 

“Hazardous Materials” shall mean any chemicals, materials, wastes, pollutants, contaminants or substances in any form
that are prohibited, limited or regulated pursuant to any Environmental Law by virtue of their toxic or otherwise deleterious characteristics, including without limitation any petroleum or petroleum products, radioactive materials, asbestos in any
form that is or could become friable, urea formaldehyde foam insulation, dielectric fluid containing levels of polychlorinated biphenyls, and radon gas. 
 “Immaterial Subsidiary” shall mean, as of the date of determination thereof, each direct or indirect Subsidiary of the Borrower designated by the Borrower as an Immaterial Subsidiary and
that has total assets (including Equity Interests in other Subsidiaries) less than or equal to 2.5% of Total Assets (calculated as of the most recent fiscal period with respect to which the Administrative Agent shall have received financial
statements required to be delivered pursuant to Section 9.01); provided that, in no event, shall the total assets of all Immaterial Subsidiaries, in the aggregate, exceed 5.0% of Total Assets at any time. 

“Incremental RL Commitment” shall mean, for any Lender, any commitment by such Lender to make Revolving Loans pursuant
to Section 2.01(b) as agreed to by such Lender in the respective Incremental RL Commitment Agreement delivered pursuant to Section 2.15; it being understood, however, that on each date upon which an Incremental RL Commitment of any
Lender becomes effective, such Incremental RL Commitment of such Lender shall be added to (and thereafter become a part of) the Revolving Loan Commitment of such Lender for all purposes of this Agreement as contemplated by Section 2.15.

  
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 “Incremental RL Commitment Agreement” shall have the meaning set forth in
Section 2.15(b). 
 “Incremental RL Commitment Date” shall mean each date upon which an Incremental RL
Commitment under an Incremental RL Commitment Agreement becomes effective as provided in Section 2.15(b). 

“Incremental RL Lender” shall have the meaning specified in Section 2.15(b). 

“Indebtedness” shall mean, as to any Person, without duplication, (i) all indebtedness of such Person for borrowed
money or for the deferred purchase price of property or services, (ii) the maximum amount available to be drawn or paid under all letters of credit, bankers’ acceptances, bank guaranties, surety and appeal bonds and similar obligations
issued for the account of such Person and all unpaid drawings and unreimbursed payments in respect of such letters of credit, bankers’ acceptances, bank guaranties, surety and appeal bonds and similar obligations, (iii) all indebtedness of
the types described in clause (i), (ii), (iv), (v), (vi), (vii) or (viii) of this definition secured by any Lien on any property owned by such Person, whether or not such indebtedness has been assumed by such Person (provided that,
if the Person has not assumed or otherwise become liable in respect of such indebtedness, such indebtedness shall be deemed to be in an amount equal to the fair market value of the property to which such Lien relates), (iv) all Capitalized
Lease Obligations of such Person, (v) all Contingent Obligations of such Person with respect to Indebtedness described in clauses (i) through (iv) and (vii) of this definition, (vi) all obligations under any Interest Rate
Protection Agreement or any Other Hedging Agreement and (vii) all Off-Balance Sheet Liabilities of such Person. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is
a general partner) to the extent such Person is directly liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is
not liable therefor. Notwithstanding the foregoing, Indebtedness shall not include trade payables, accrued expenses and deferred tax and other credits incurred by any Person in the ordinary course of business of such Person. 

“Indemnified Person” shall have the meaning provided in Section 13.01(a). 

“Individual Exposure” of any Lender shall mean, at any time, the sum of the aggregate principal amount of all Revolving
Loans made by such Lender and then outstanding. 
 “Information” shall have the meaning provided in
Section 13.16(a). 
 “Initial Borrowing Date” shall mean the date occurring on or after the Effective Date
on which the initial Borrowing of Loans occurs. 
 “Insurance Loss Addback” shall mean, with respect to any
period, the amount of any loss incurred during such period for which there is insurance or indemnity coverage and for which a related insurance or indemnity recovery is not recorded in accordance with GAAP, but for which such insurance or indemnity
recovery is reasonably expected to be received by a Credit Party in a subsequent period and within one year of the date of the underlying loss. 
 “Insurance Loss Deduction” shall mean, with respect to any period, the amount of any Insurance Loss Addback included in determining Consolidated EBITDA for a prior period in the event

  
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that either (a) any insurance or indemnity recovery related to such Insurance Loss Addback is actually and finally denied by the applicable insurer or indemnifying party during such period,
or (b) one year has elapsed from the date of the underlying loss without the receipt of an actual insurance or indemnity recovery. 
 “Intercompany Loans” shall have the meaning provided in Section 10.05(vii). 
 “Intercompany Note” shall mean a promissory note evidencing Intercompany Loans, duly executed and delivered substantially in the form of Exhibit J (or such other form as shall be
satisfactory to the Administrative Agent in its sole discretion), with blanks completed in conformity herewith. 

“Interest Determination Date” shall mean, with respect to any LIBOR Loan, the second Business Day prior to the
commencement of any Interest Period relating to such LIBOR Loan. 
 “Interest Expense Coverage Ratio” shall
mean, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Cash Interest Expense for such period; provided that for purposes of any calculation of the Interest Expense Coverage Ratio pursuant to
the definition of “Permitted Acquisitions” only, (i) Consolidated EBITDA shall be determined on a Pro Forma Basis in accordance with clause (iii) of the definition of “Pro Forma Basis”
contained herein and (ii) Consolidated Cash Interest Expense shall be determined on a Pro Forma Basis in accordance with the requirements of the definition of “Pro Forma Basis” contained herein. 

“Interest Period” shall have the meaning provided in Section 2.09. 

“Interest Rate Protection Agreement” shall mean any interest rate swap agreement, interest rate cap agreement, interest
rate collar agreement, interest rate hedging agreement or other similar agreement or arrangement. 

“Investments” shall have the meaning provided in Section 10.05. 

“Lead Arranger” shall mean MSSF, in its capacity as Lead Arranger and sole Book-Runner, and any successor thereto.

 “Leaseholds” of any Person shall mean all the right, title and interest of such Person as lessee or licensee
in, to and under leases or licenses of land, improvements and/or fixtures. 
 “Lender” shall mean each
financial institution listed on Schedule 1.01(a), as well as any Person that becomes a “Lender” hereunder pursuant to Section 2.13 or 13.04(b). 
 “Lender Default” shall mean, as to any Lender, (i) the wrongful refusal (which has not been retracted) of such Lender or the failure of such Lender (which has not been cured) to make
available its portion of any Borrowing, (ii) such Lender having been deemed insolvent or having become the subject of a bankruptcy or insolvency proceeding or a takeover by a regulatory authority, or (iii) such Lender having notified the
Administrative Agent and/or any Credit Party (x) that it does not intend to comply with its obligations under 2.01(a) or (b) in circumstances where such non-compliance would constitute a breach of such Lender’s obligations under the
respective Section or (y) of the events described in preceding clause (ii). 
 “LIBO Rate” shall mean,
with respect to any Borrowing of LIBOR Loans for any Interest Period, the higher of (i) (a) the rate per annum determined by the Administrative Agent at approximately 

  
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11:00 a.m. (London time) on the date that is 2 Business Days prior to the commencement of such Interest Period by reference to the Reuters Screen LIBOR01 for deposits in Dollars (or such other
comparable page as may, in the reasonable opinion of the Administrative Agent, replace such page for the purpose of displaying such rates) for a period equal to such Interest Period; provided that to the extent that an interest rate is not
ascertainable pursuant to the foregoing provisions of this definition, the “LIBO Rate” shall be the interest rate per annum determined by the Administrative Agent to be the average of the rates per annum at which deposits in Dollars are
offered for such relevant Interest Period to major banks in the London interbank market in London, England by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is 2 Business Days prior to the beginning of such
Interest Period, divided by (b) a percentage equal to 100% minus the then stated maximum rate of all reserve requirements (including, without limitation, any marginal, emergency, supplemental, special or other reserves required by applicable
law) applicable to any member bank of the Federal Reserve System in respect of Eurocurrency funding or liabilities as defined in Regulation D (or any successor category of liabilities under Regulation D) and (ii) 1.50%. 

“LIBOR Loan” shall mean each Loan designated as such by the Borrower of such Loan at the time of the incurrence thereof
or conversion thereto. 
 “Lien” shall mean any mortgage, pledge, hypothecation, assignment, deposit
arrangement, encumbrance, lien (statutory or other), preference, priority or other security agreement of any kind or nature whatsoever (including, without limitation, any conditional sale or other title retention agreement, any financing or similar
statement or notice filed under the UCC or any other similar recording or notice statute, and any lease having substantially the same effect as any of the foregoing). 
 “Loan” shall mean each Term Loan and each Revolving Loan. 

“Majority Lenders” of any Tranche shall mean those Non-Defaulting Lenders which would constitute the Required Lenders
under, and as defined in, this Agreement if all outstanding Obligations of the other Tranches under this Agreement were repaid in full and all Commitments with respect thereto were terminated. 

“Margin Stock” shall have the meaning provided in Regulation U. 

“Material Adverse Effect” shall mean (i) a material adverse effect on the business, operations, property, assets,
liabilities, or financial condition of the Borrower and its Subsidiaries taken as a whole or (ii) a material adverse effect (x) on the rights or remedies of the Lenders, the Administrative Agent or the Collateral Agent hereunder or under
any other Credit Document or (y) on the ability of any Credit Party to perform its obligations to the Lenders, the Administrative Agent or the Collateral Agent hereunder or under any other Credit Document. 

“Maturity Date” shall mean, with respect to the relevant Tranche of Loans, the Term Loan Maturity Date or the Revolving
Loan Maturity Date, as the case may be. 
 “Maximum Rate” shall have the meaning provided in
Section 13.19. 
 “Minimum Borrowing Amount” shall mean (i) for Term Loans, $1,000,000 and
(ii) for Revolving Loans, $500,000. 
 “MNPI” shall mean material non-public information with respect to
the Borrower or its Subsidiaries, or the respective securities of any of the foregoing. 

  
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 “Moody’s” shall mean Moody’s Investors Service, Inc. 

“Mortgage” shall mean a mortgage, charge, leasehold mortgage, deed of trust, leasehold deed of trust, deed to secure
debt, deed of immovable hypothec, leasehold deed to secure debt, debenture or similar security instrument customarily used to grant security interests in real property in the jurisdiction in which the applicable Mortgaged Property is located.

 “Mortgage Policy” shall mean a Lender’s title insurance policy (Form 2006). 

“Mortgaged Property” shall mean any Real Property owned by the Borrower or any of its Subsidiaries which is encumbered
(or required to be encumbered) by a Mortgage pursuant to the terms hereof. 
 “MSSF” shall mean Morgan Stanley
Senior Funding, Inc., in its individual capacity, and any successor corporation thereto by merger, consolidation or otherwise. 

“Multiemployer Plan” shall mean any multiemployer plan as defined in Section 4001(a)(3) of ERISA, which is
contributed to by (or to which there is or may be an obligation to contribute of) the Borrower or any of its Subsidiaries or with respect to which any Credit Party has any liability (including on account of an ERISA Affiliate). 

“NAIC” shall mean the National Association of Insurance Commissioners. 

“Net Cash Proceeds” shall mean for any event requiring a reduction of the Total Revolving Loan Commitment and/or
repayment of Term Loans pursuant to Section 5.02, as the case may be, the gross cash proceeds (including any cash received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received)
received from such event, net of (i) reasonable transaction costs (including, as applicable, any underwriting, brokerage or other customary commissions and reasonable legal, advisory and other fees and expenses associated therewith) received
from any such event and (ii) the estimated net marginal increase in income taxes which will be payable by the Borrower’s consolidated group or any Subsidiary of the Borrower with respect to the fiscal year of the Borrower in which the
event occurs as a result of such event. 
 “Net Sale Proceeds” shall mean for any sale or other disposition of
assets, the gross cash proceeds (including any cash received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received) received from such sale or other disposition of assets, net of
(i) reasonable transaction costs (including, without limitation, any underwriting, brokerage or other customary selling commissions, reasonable legal, advisory and other fees and expenses (including title and recording expenses), associated
therewith and sales, VAT and transfer taxes arising therefrom), (ii) payments of unassumed liabilities relating to the assets sold or otherwise disposed of at the time of, or within 30 days after, the date of such sale or other disposition,
(iii) the amount of such gross cash proceeds required to be used to permanently repay any Indebtedness (other than Indebtedness of the Lenders pursuant to this Agreement) which is secured by the respective assets which were sold or otherwise
disposed of, and (iv) the estimated net marginal increase in income taxes which will be payable by the Borrower’s consolidated group or any Subsidiary of the Borrower with respect to the fiscal year of the Borrower in which the sale or
other disposition occurs as a result of such sale or other disposition; provided, however, that such gross proceeds shall not include any portion of such gross cash proceeds which the Borrower determines in good faith should be
reserved for post-closing adjustments (to the extent the Borrower delivers to the Lenders a certificate signed by an Authorized Officer as to such determination), it being understood and agreed that on the day that all such post-closing adjustments
have been determined (which shall not be later than six months following the date of the respective asset sale), 

  
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the amount (if any) by which the reserved amount in respect of such sale or disposition exceeds the actual post-closing adjustments payable by the Borrower or any of its Subsidiaries shall
constitute Net Sale Proceeds on such date received by the Borrower and/or any of its Subsidiaries from such sale or other disposition. 
 “Non-Defaulting Lender” and “Non-Defaulting RL Lender” shall mean and include each Lender or RL Lender, as the case may be, other than a Defaulting Lender. 

“Non-Wholly Owned Subsidiary” shall mean, as to any Person, each Subsidiary of such Person which is not a Wholly-Owned
Subsidiary of such Person. 
 “Note” shall mean each Term Note and each Revolving Note. 

“Notice of Borrowing” shall have the meaning provided in Section 2.03(a). 

“Notice of Conversion/Continuation” shall have the meaning provided in Section 2.06. 

“Notice Office” shall mean the office of the Administrative Agent located at 1 Pierrepont Plaza, Brooklyn, NY 11201,
Attention: Stephen Giacolone or such other office or person as the Administrative Agent may hereafter designate in writing as such to the other parties hereto. 
 “Obligations” shall mean all amounts owing to the Administrative Agent, the Collateral Agent or any Lender pursuant to the terms of this Agreement or any other Credit Document (including
all interest which accrues after the commencement of any case or proceeding in bankruptcy after the insolvency of, or for the reorganization of the Borrower or any of its Subsidiaries, whether or not allowed in such case or proceeding). 

“Off-Balance Sheet Liabilities” of any Person shall mean (i) any repurchase obligation or liability of such Person
with respect to accounts or notes receivable sold by such Person, (ii) any obligation under a Synthetic Lease or (iii) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of
borrowing but which does not constitute a liability on the balance sheet of such Person (other than with respect to operating leases). 
 “Other Hedging Agreements” shall mean any foreign exchange contracts, currency swap agreements, commodity agreements or other similar arrangements, or arrangements designed to protect
against fluctuations in currency values or commodity prices. 
 “Patriot Act” shall have the meaning provided
in Section 13.18. 
 “Payment Office” shall mean the office of the Administrative Agent located at 1
Pierrepont Plaza, Brooklyn, NY 11201, Attention: Stephen Giacolone or such other office as the Administrative Agent may hereafter designate in writing as such to the other parties hereto. 

“PBGC” shall mean the U.S. Pension Benefit Guaranty Corporation. 

“Permitted Acquired Debt” shall have the meaning provided in Section 10.04(vii). 

  
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 “Permitted Acquisition” shall mean any transaction or series of related
transactions for the direct or indirect (a) acquisition by the Borrower or any Subsidiary of the Borrower of all or substantially all of the property of any Person, or of any business or division of any Person; (b) acquisition of a
majority of the capital stock of any Person, and otherwise causing such Person to become a Subsidiary of such Person; or (c) merger or consolidation or any other combination with any Person, provided that (in each case): 

(i) the board of directors of the Person to be acquired shall not have indicated publicly its opposition to the
consummation of such acquisition (which opposition has not been publicly withdrawn); 
 (ii) all transactions in
connection therewith shall be consummated in accordance with all applicable requirements of law in all material respects; 
 (iii) any Person or assets or division as acquired in accordance herewith shall be in the same business or lines of business or substantially related or complementary to such business or lines of business
in which the Borrower and/or its Subsidiaries are engaged as of the Effective Date; 
 (iv) if the Aggregate
Consideration exceeds $5,000,000, at least ten Business Days prior to the proposed date of consummation of the acquisition, the Borrower shall have delivered to the Administrative Agent an officer’s certificate certifying that (A) such
acquisition complies with this definition (which shall have attached thereto reasonably detailed backup data and calculations showing such compliance), and (B) such acquisition would not reasonably be expected to result in a Material Adverse
Effect; 
 (v) except in the case of an acquisition for which the Aggregate Consideration does not exceed
$10,000,000, subject to confidentiality arrangements, the Borrower shall have delivered to Administrative Agent any information reasonably requested by Administrative Agent (but only to the extent consistent with confidentiality obligations of the
Borrower); 
 (vi) no Default or Event of Default shall have occurred and be continuing at the time such
acquisition occurs or after giving effect to such acquisition; 
 (vii) either (x) the Aggregate
Consideration for any such Permitted Acquisition shall not exceed the amount by which after giving effect thereto would result in the Borrower being in compliance on a Pro Forma Basis with the Financial Covenants and a Total Leverage
Ratio that is at least 0.50 less than the Total Leverage Ratio permitted under Section 10.09 for the Fiscal Quarter in which such Permitted Acquisition is consummated or (y) the Aggregate Consideration for such Permitted Acquisition,
together with the Aggregate Consideration for any other Permitted Acquisitions consummated utilizing this clause (y), shall not exceed $30,000,000 (and an additional $10,000,000 solely with respect to earn-outs in connection with such Permitted
Acquisition); 
 (viii) the acquired company and its Subsidiaries shall comply with all applicable requirements
set forth in Section 9.12; 
 (ix) on the date of and after giving effect to such Permitted Acquisition, the
sum of (x) the Total Unutilized Revolving Loan Commitment and (y) the aggregate amount of all unrestricted cash and Cash Equivalents of the Borrower and the other Credit Parties will not be less than $20,000,000; 

(x) the Aggregate Consideration of all Permitted Acquisitions of Persons that do not become Subsidiary Guarantors
following the Effective Date in reliance on Section 10.05(xi) shall not exceed $10,000,000 (provided that for this purpose, the Borrower may allocate in good faith any Aggregate Consideration paid with respect to any such Subsidiaries); and

  
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 (xi) all representations and warranties contained herein and in the other
Credit Documents shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on the date of the Permitted Acquisition (it being understood and agreed that (x) any
representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date, and (y) any representation or warranty that is qualified as to
“materiality,” “Material Adverse Effect” or similar language shall be true and correct in all respects on such date). 
 “Permitted Encumbrance” shall mean, with respect to any Mortgaged Property, such exceptions to title as are set forth in the Mortgage Policy delivered with respect thereto. 

“Permitted Holders” shall mean the Sponsor and its Affiliates, together with each of such Persons’ managements.

 “Permitted Indebtedness” shall have the meaning provided in Section 10.04. 

“Permitted Liens” shall have the meaning provided in Section 10.01. 

“Permitted Refinancing Indebtedness” shall mean any Indebtedness of the Borrower or any of its Subsidiaries issued or
given in exchange for, or the proceeds of which are used to, extend, refinance, renew, replace or refund any Indebtedness permitted pursuant to Sections 10.04(ii), 10.04(iv), and 10.04(xiv) or any Indebtedness issued to so extend, refinance, renew,
replace, substitute or refund any such Indebtedness, so long as (a) such Indebtedness has a weighted average life to maturity greater than or equal to the weighted average life to maturity of, and a maturity date later than, the Indebtedness
being extended, refinanced, renewed, replaced or refunded, (b) such extension, refinancing, renewal, replacement or refunding does not (i) increase the amount of such Indebtedness outstanding immediately prior to such extension,
refinancing, renewal, replacement or refunding except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such extension, refinancing, renewal, replacement or
refunding, unless (for the avoidance of doubt) such increase is otherwise expressly permitted under a separate clause of Section 10.04 or (ii) add guarantors, obligors or security from that which applied to such Indebtedness being
extended, refinanced, renewed, replacement or refunding, unless (for the avoidance of doubt) such addition of guarantors, obligors or security is otherwise expressly permitted under a separate clause of Section 10.01 or 10.04, as applicable,
and (c) such Indebtedness has substantially the same (or, from the perspective of the Lenders, more favorable) subordination provisions, if any, as applied to the Indebtedness being extended, renewed, refinanced, replaced or refunded.

 “Permitted SenDEC Payments” shall mean (i) cash payments to the Company Stockholders and the Company
Optionholders (each as defined in the SenDEC Merger Agreement) in the amounts and at the times set forth in the SenDEC Merger Agreement (including, without limitation, payments required to be made pursuant to Article I and Section 5.18 of the
SenDEC Merger Agreement), and (ii) cash payments to the Participants (as defined in the API Technologies, Inc. Management Bonus Plan dated as of January 21, 2011 (the “SenDEC Bonus Plan”)) in the amounts and at the times set
forth in the SenDEC Bonus Plan. 
 “Person” shall mean any individual, partnership, joint venture, firm,
corporation, association, limited liability company, trust or other enterprise or any Governmental Authority. 

  
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 “Plan” shall mean an “employee benefit plan” as defined in
Section 3(2) of ERISA (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA maintained or contributed to by the Borrower or any of its Subsidiaries or with
respect to which the Borrower or any of its Subsidiaries has any liability (including on account of an ERISA affiliate). 

“Platform” shall have the meaning provided in Section 9.01. 

“PPSA” shall mean the Personal Property Security Act (Ontario) (or any successor statute) or similar legislation
of any other Canadian jurisdiction, including the Civil Code of Québec, the laws of which are required by such legislation to be applied in connection with the issue, perfection, enforcement, opposability, priority, validity or effect of
security interests in the Collateral. 
 “PPSA Filing Collateral” shall mean Collateral a security interest in
which may be perfected by filing a PPSA financing statement in the relevant PPSA filing office. 
 “Preferred
Equity”, as applied to the Equity Interests of any Person, means Equity Interests of such Person (other than common Equity Interests of such Person) of any class or classes (however designed) that ranks prior, as to the payment of dividends
or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to shares of Equity Interests of any other class of such Person, and shall include any Qualified Preferred Stock.

 “Prime Lending Rate” shall mean the rate which the Administrative Agent announces from time to time as its
prime lending rate, the Prime Lending Rate to change when and as such prime lending rate changes. The Prime Lending Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer by the
Administrative Agent, which may make commercial loans or other loans at rates of interest at, above or below the Prime Lending Rate. 
 “Pro Forma Basis” shall mean, in connection with any calculation of compliance with any financial covenant or financial term, the calculation thereof after giving effect on a pro
forma basis to (x) the incurrence of any Indebtedness (other than revolving Indebtedness, except to the extent same is incurred to refinance other outstanding Indebtedness or to finance a Permitted Acquisition) after the first day of the
relevant Calculation Period or Test Period, as the case may be, as if such Indebtedness had been incurred (and the proceeds thereof applied) on the first day of such Test Period or Calculation Period, as the case may be, (y) the permanent
repayment of any Indebtedness (other than revolving Indebtedness, except to the extent accompanied by a corresponding permanent commitment reduction) after the first day of the relevant Test Period or Calculation Period, as the case may be, as if
such Indebtedness had been retired or repaid on the first day of such Test Period or Calculation Period, as the case may be, and (z) any Permitted Acquisition or any Significant Asset Sale then being consummated as well as any other Permitted
Acquisition or any other Significant Asset Sale if consummated after the first day of the relevant Test Period or Calculation Period, as the case may be, and on or prior to the date of the respective Permitted Acquisition or Significant Asset Sale,
as the case may be, then being effected, with the following rules to apply in connection therewith: 
 (i) all
Indebtedness (x) (other than revolving Indebtedness, except to the extent same is incurred to refinance other outstanding Indebtedness or to finance Permitted Acquisitions) incurred or issued after the first day of the relevant Test Period or
Calculation Period (whether incurred to finance a Permitted Acquisition, to refinance Indebtedness or otherwise) shall be deemed to have been incurred or issued (and the proceeds thereof applied) on the first day of such Test Period or Calculation
Period, as the case may be, and remain outstanding through the date of determination (and thereafter, in the case of projections pursuant to the definition of “Permitted 

  
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Acquisition”) and (y) (other than revolving Indebtedness, except to the extent accompanied by a corresponding permanent commitment reduction) permanently retired or redeemed after the
first day of the relevant Test Period or Calculation Period, as the case may be, shall be deemed to have been retired or redeemed on the first day of such Test Period or Calculation Period, as the case may be, and remain retired through the date of
determination (and thereafter, in the case of projections pursuant to the definition of “Permitted Acquisition”); 
 (ii) all Indebtedness assumed to be outstanding pursuant to preceding clause (i) shall be deemed to have borne interest at (x) the rate applicable thereto, in the case of fixed rate
indebtedness, or (y) the rates which would have been applicable thereto during the respective period when same was deemed outstanding, in the case of floating rate Indebtedness (although interest expense with respect to any Indebtedness for
periods while same was actually outstanding during the respective period shall be calculated using the actual rates applicable thereto while same was actually outstanding); provided that all Indebtedness (whether actually outstanding or
deemed outstanding) bearing interest at a floating rate of interest shall be tested on the basis of the rates applicable at the time the determination is made pursuant to said provisions; 

(iii) in making any determination of Consolidated EBITDA on a Pro Forma Basis, pro forma
effect shall be given to any Permitted Acquisition or any Significant Asset Sale if effected during the respective Calculation Period or Test Period (or thereafter, for purposes of determinations pursuant to the definition of “Permitted
Acquisition” or any Significant Asset Sale, (A) and the definition of “Applicable Margin” only) as if same had occurred on the first day of the respective Calculation Period or Test Period, as the case may be, taking into
account, in the case of any Permitted Acquisition, factually supportable and identifiable cost savings and expenses which would otherwise be accounted for as an adjustment pursuant to Article 11 of Regulation S-X under the Securities Act, as if such
cost savings or expenses were realized on the first day of the respective period and (B) cost savings and expenses in connection with actions taken or to be taken by the Borrower and its Subsidiaries within 12 months after the date of such
Permitted Acquisition or Significant Asset Sale, based on Company’s good faith estimates of the impact of such actions; and 
 (iv) in the case of any Permitted Acquisition or Significant Asset Sale to be consummated prior to the date on which financial statements have been (or are required to be) delivered pursuant to
Section 9.01(a) for the Fiscal Quarter ending nearest to August 31, 2011 any calculation of compliance with Section 10.08 or 10.09 required to be made on a “Pro Forma Basis” shall use the covenant levels applicable to the
Test Period ended nearest to August 31, 2011 set forth in Section 10.08 or 10.09, as the case may be. 

“Projections” shall mean the projections that are contained in the Confidential Information Memorandum dated
May 12, 2011, and that were prepared by or on behalf of the Borrower in connection with the Transaction and delivered to the Administrative Agent and the Lenders prior to the Initial Borrowing Date. 

“Public Lender” shall have the meaning provided in Section 9.01. 

“Qualified Preferred Stock” shall mean any Preferred Equity of the Borrower so long as the terms of any such Preferred
Equity (and the terms of any Equity Interests into which such Preferred Equity is convertible or for which it is exchangeable, either mandatorily or at the option of the holder thereof) (v) do not contain any mandatory put, redemption,
repayment, sinking fund or other similar provision prior to 91 days after the Term Loan Maturity Date, (w) do not require the cash payment of dividends or distributions that would otherwise be prohibited by the terms of this Agreement or any
other 

  
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agreement or contract of the Borrower or any of its Subsidiaries, (x) do not contain any covenants (other than periodic reporting requirements), and (y) do not grant the holders thereof
any voting rights except for (I) voting rights required to be granted to such holders under applicable law and (II) limited customary voting rights on fundamental matters such as mergers, consolidations, sales of all or substantially all of the
assets of the Borrower, or liquidations involving the Borrower. 
 “Quarterly Payment Date” shall mean the last
Business Day of each February, May, August and November occurring after the Initial Borrowing Date. 
 “Real
Property” of any Person shall mean all the right, title and interest of such Person in and to land, improvements and fixtures. 
 “Recovery Event” shall mean any event that gives rise to the receipt by the Borrower or any of its Subsidiaries of any cash insurance proceeds or condemnation awards payable (i) by
reason of theft, loss, physical destruction, damage, taking or any other similar event with respect to any property or assets of the Borrower or any of its Subsidiaries and (ii) under any policy of insurance required to be maintained under
Section 9.03; provided that a Recovery Event shall not include any amounts so received for a single event or series of related events, if the amounts received are less than $250,000. 

“Refinanced Term Loans” shall have the meaning provided in Section 13.12(d). 

“Refinancing” shall mean the refinancing transactions described in Section 6.07. 

“Refinancing Documents” shall mean all pay-off letters, guaranty releases, Lien releases (including, without limitation,
UCC termination statements) and other documents and agreements entered into in connection with the Refinancing. 

“Register” shall have the meaning provided in Section 13.15. 

“Regulation D” shall mean Regulation D of the Board of Governors of the Federal Reserve System as from time to time in
effect and any successor to all or a portion thereof establishing reserve requirements. 
 “Regulation T” shall
mean Regulation T of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor to all or a portion thereof. 
 “Regulation U” shall mean Regulation U of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor to all or a portion thereof. 

“Regulation X” shall mean Regulation X of the Board of Governors of the Federal Reserve System as from time to time in
effect and any successor to all or a portion thereof. 
 “Release” shall mean disposing, discharging,
injecting, spilling, pumping, leaking, leaching, dumping, emitting, escaping, emptying, pouring, seeping, or migrating into, through or upon any land or water or air, or otherwise entering into the environment. 

“Replaced Lender” shall have the meaning provided in Section 2.13. 

“Replacement Term Loans” shall have the meaning provided in Section 13.12(d). 

“Replacement Lender” shall have the meaning provided in Section 2.13. 

  
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 “Reportable Event” shall mean an event described in Section 4043(c) of
ERISA with respect to a Plan that is subject to Title IV of ERISA other than those events as to which the 30-day notice period is waived under applicable regulations. 
 “Repricing Event” shall mean (a) the incurrence by the Borrower of any Indebtedness (including, without limitation, any new or additional Term Loans under this Agreement, whether
incurred directly or by way of the conversion of the Term Loans into a new tranche of replacement Term Loans under this Agreement) (i) having an “effective” interest rate margin or weighted average yield that is less than the
applicable interest rate margin for or weighted average yield for the Term Loans of the respective Type (with the comparative determinations to be made in the reasonable judgment of the Administrative Agent consistent with generally accepted
financial practices, after giving effect to, among other factors, margin, upfront or similar fee or “original issue discount” (being equated to interest based on a four-year to life maturity) shared with all lenders or holders of such
Indebtedness or Term Loans, as the case may be, but excluding the effect of any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared with all lenders or holders of such Indebtedness or Term Loans,
as the case may be, and without taking into account any fluctuations in the LIBO Rate) but excluding Indebtedness incurred in connection with a Change in Control, and (ii) the proceeds of which are used to prepay (or, in the case of a
conversion, deemed to prepay or replace), in whole or in part, the outstanding principal of the Term Loans or (b) any effective reduction in the Applicable Margin or interest rate floor for the Term Loans (e.g., by way of amendment, waiver or
otherwise). Any such determination by the Administrative Agent as contemplated by preceding clauses (a) and (b) shall be conclusive and binding on all Lenders holding Term Loans. Neither the Administrative Agent nor the Borrower shall have
any liability to any Person with respect to such determination absent gross negligence, bad faith or willful misconduct. 

“Required Lenders” shall mean, at any time, Non-Defaulting Lenders the sum of whose outstanding Term Loans and Revolving
Loan Commitments at such time (or, after the termination thereof, outstanding Revolving Loans) represents at least a majority of the sum of (i) all outstanding Term Loans of Non-Defaulting Lenders and (ii) the Total Revolving Loan
Commitment in effect at such time less the Revolving Loan Commitments of all Defaulting Lenders at such time (or, after the termination thereof, the sum of then total outstanding Revolving Loans of Non-Defaulting Lenders). 

“Restatement Effective Date” shall mean June 27, 2011. 

“Returns” shall have the meaning provided in Section 8.09. 

“Revolving Loan” shall have the meaning provided in Section 2.01(b). 

“Revolving Loan Commitment” shall mean, for each RL Lender, the amount set forth opposite such RL Lender’s name in
Schedule 1.01(a) directly below the column entitled “Revolving Loan Commitment,” as same may be (x) reduced from time to time or terminated pursuant to Sections 4.02, 4.03 and/or 11, as applicable, (y) increased from time to time
pursuant to Section 2.15 or (z) adjusted from time to time as a result of assignments to or from such RL Lender pursuant to Section 2.13 or 13.04(b). 
 “Revolving Loan Maturity Date” shall mean the third anniversary of the Initial Borrowing Date. 
 “Revolving Note” shall have the meaning provided in Section 2.05(a). 

  
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 “RL Lender” shall mean each Lender with a Revolving Loan Commitment or with
outstanding Revolving Loans. 
 “RL Percentage” of any RL Lender at any time shall mean a fraction (expressed
as a percentage) the numerator of which is the Revolving Loan Commitment of such RL Lender at such time and the denominator of which is the Total Revolving Loan Commitment at such time, provided that if the RL Percentage of any RL Lender is
to be determined after the Total Revolving Loan Commitment has been terminated, then the RL Percentages of such RL Lender shall be determined immediately prior (and without giving effect) to such termination. 

“S&P” shall mean Standard & Poor’s Ratings Services, a division of McGraw-Hill, Inc. 

“Sale Leaseback” shall mean any transactions or series of related transactions pursuant to which the Borrower or any of
its Subsidiaries (a) sells, transfers or otherwise disposes of any property, real or personal, whether now owned or hereafter acquired, and (b) as part of such transaction, thereafter rents or leases such property. 

“Scheduled Term Loan Repayment” shall have the meaning provided in Section 5.02(b). 

“Scheduled Term Loan Repayment Date” shall have the meaning provided in Section 5.02(b). 

“Scheduled Repayment” shall mean each Scheduled Term Loan Repayment. 

“SEC” shall have the meaning provided in Section 9.01(a). 

“Section 5.04(b)(ii) Certificate” shall have the meaning provided in Section 5.04(b)(ii). 

“Secured Creditors” shall have the meaning assigned that term in the respective Security Documents. 

“Securities Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder. 
 “Security Document” shall mean and include each of the U.S. Guaranty and Collateral Agreement,
the Canadian Guaranty and Collateral Agreement, each Mortgage and, after the execution and delivery thereof, each Additional Security Document and all other security documents now or hereafter delivered to the Collateral Agent granting a Lien on or
control over any property of any Person for the benefit of the Secured Creditors. 
 “SenDEC Merger Agreement”
shall mean the Agreement and Plan of Merger dated as of January 9, 2011, by and among Vintage Albany Acquisition, LLC, SenDEC Corp., South Albany Acquisition Corp., and Kenton W. Fiske as stockholder representative, as amended by that certain
Amendment No. 1 to Agreement and Plan of Merger dated as of January 19, 2011. 
 “Significant Asset
Sale” shall mean each Asset Sale which generates Net Sale Proceeds of at least $5,000,000. 

“Solvent” shall mean, with respect to the Borrower and its Subsidiaries taken as a whole that, as of the Initial
Borrowing Date, (i) the sum of the debt (including contingent liabilities) of the Borrower and its Subsidiaries, taken as a whole, does not exceed the present fair saleable value (on a 

  
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going concern basis) of the present assets of the Borrower and its Subsidiaries, taken as a whole; (ii) the capital of the Borrower and its Subsidiaries, taken as a whole, is not
unreasonably small in relation to the business of the Borrower or its Subsidiaries, taken as a whole, contemplated as of the Initial Borrowing Date; and (iii) the Borrower and its Subsidiaries, taken as a whole, do not intend to incur, or
believe that they will incur, debts including current obligations beyond their ability to pay such debts as they mature in the ordinary course of business. For purposes of this definition, the amount of any contingent liability at any time shall be
computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities
meet the criteria for accrual under Statement of Financial Accounting Standard No. 5). 
 “Specified
Representations” shall have the meaning set forth in Section 6.02. 
 “Sponsor” shall mean
Vintage Capital Management. 
 “Stock Certificates” means Collateral consisting of Stock Certificates
representing capital stock of the Target and its subsidiaries or the Borrower and its Subsidiaries required as Collateral pursuant to the Security Documents. 
 “Subsidiary” shall mean, as to any Person, (i) any corporation more than 50% of whose stock of any class or classes having by the terms thereof ordinary voting power to elect a
majority of the directors of such corporation (irrespective of whether or not at the time stock of any class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time owned by
such Person and/or one or more Subsidiaries of such Person and (ii) any partnership, limited liability company, association, joint venture or other entity in which such Person and/or one or more Subsidiaries of such Person has more than a 50%
equity interest at the time. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Borrower. 

“Subsidiary Guarantor” shall mean each U.S. Subsidiary Guarantor and each Canadian Subsidiary Guarantor. 

“Syndication Date” shall mean the earlier of (x) the date 90 days after Effective Date and (y) that date upon
which the Administrative Agent determines in its sole discretion (and notifies the Borrower) that the primary syndication (and resultant addition of Persons as Lenders pursuant to Section 13.04(b)) has been completed. 

“Synthetic Lease” shall mean a lease transaction under which the parties intend that (i) the lease will be treated
as an “operating lease” by the lessee and (ii) the lessee will be entitled to various tax and other benefits ordinarily available to owners (as opposed to lessees) of like property. 

“Target” shall mean Spectrum Control, Inc., a Pennsylvania corporation. 

“Taxes” shall have the meaning provided in Section 5.04(a). 

“Term Loan” shall have the meaning provided in Section 2.01(a). 

“Term Loan Commitment” shall mean, for each Lender, the amount set forth opposite such Lender’s name in
Schedule 1.01(a) directly below the column entitled “Term Loan Commitment,” as the same may be terminated pursuant to Sections 4.03 and/or 11. 

  
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 “Term Loan Maturity Date” shall mean the fifth anniversary of the Initial
Borrowing Date. 
 “Term Note” shall have the meaning provided in Section 2.05(a). 

“Test Period” shall mean each period of four consecutive Fiscal Quarters of the Borrower then last ended, in each case
taken as one accounting period; provided that in the case of any Test Period which includes any Fiscal Quarter ended on or prior to May 31, 2011, the rules set forth in the immediately succeeding sentence shall apply; provided
further, that in the case of determinations of the Total Leverage Ratio and the Interest Expense Coverage Ratio pursuant to this Agreement, such further adjustments (if any) as described in the proviso to the definition of “Total
Leverage Ratio” or “Interest Expense Coverage Ratio”, as the case may be, contained herein shall be made to the extent applicable. If the respective Test Period (i) includes the Fiscal Quarter of the Borrower ended May 31,
2011, (x) Consolidated EBITDA for such Fiscal Quarter shall be deemed to be $9,500,000, and (y) Consolidated Cash Interest Expense for such Fiscal Quarter shall be deemed to be $3,293,750, (ii) includes the Fiscal Quarter of the
Borrower ended February 28, 2011, (x) Consolidated EBITDA for such Fiscal Quarter shall be deemed to be $9,300,000, and (y) Consolidated Cash Interest Expense for such Fiscal Quarter shall be deemed to be $3,293,750, and
(iii) includes the Fiscal Quarter of the Borrower ended November 30, 2010, (x) Consolidated EBITDA for such Fiscal Quarter shall be deemed to be $14,000,000, and (y) Consolidated Cash Interest Expense for such Fiscal Quarter
shall be deemed to be $3,293,750, and (iv) includes the Fiscal Quarter of the Borrower ended August 31, 2010, (x) Consolidated EBITDA shall be deemed to be $18,700,000, and (y) Consolidated Cash Interest Expense shall be deemed
to be $3,293,750; provided that further adjustments may be made on Pro Forma Basis to the amounts specified above to the extent provided herein. 
 “Total Assets” shall mean the total amount of all assets of the Borrower and its Subsidiaries, determined on a consolidated basis in accordance with GAAP, as determined from the most
recent balance sheet of the Borrower delivered pursuant to Section 9.01. 
 “Total Commitment” shall mean,
at any time, the sum of the Commitments of each of the Lenders at such time. 
 “Total Leverage Ratio” shall
mean, on any date of determination, the ratio of (x) Consolidated Indebtedness of the Borrower and its Subsidiaries on such date to (y) Consolidated EBITDA for the Test Period most recently ended on or prior to such date; provided
that (i) for purposes of any calculation of the Total Leverage Ratio pursuant to this Agreement, Consolidated EBITDA shall be determined on a Pro Forma Basis in accordance with clause (iii) of the definition of
“Pro Forma Basis” contained herein and (ii) for purposes of any calculation of the Total Leverage Ratio pursuant to the definition of “Permitted Acquisition” only, Consolidated Indebtedness shall be determined
on a Pro Forma Basis in accordance with the requirements of the definition of “Pro Forma Basis” contained herein. 
 “Total Revolving Loan Commitment” shall mean, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time. 

“Total Term Loan Commitment” shall mean, at any time, the sum of the Term Loan Commitments of each of the Lenders at
such time. 
 “Total Unutilized Revolving Loan Commitment” shall mean, at any time, an amount equal to the
remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the aggregate principal amount of all Revolving Loans outstanding at such time. 

  
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 “Trading With the Enemy Act” shall have the meaning provided in
Section 8.22. 
 “Tranche” shall mean the respective facility and commitments utilized in making Loans
hereunder, with there being two separate Tranches, i.e., Term Loans and Revolving Loans. 

“Transaction” shall mean, collectively, (i) the consummation of the Acquisition and the other transactions
contemplated by the Acquisition Documents, (ii) the consummation of the Refinancing, (iii) the execution, delivery and performance by each Credit Party of the Credit Documents to which it is a party, the incurrence of Loans on the Initial
Borrowing Date and the use of proceeds thereof, and (iv) the payment of all fees and expenses in connection with the foregoing. 
 “Type” shall mean the type of Loan determined with regard to the interest option applicable thereto, i.e., whether a Base Rate Loan or a LIBOR Loan. 

“UCC” shall mean the Uniform Commercial Code as from time to time in effect in the relevant jurisdiction. 

“UCC Financing Collateral” shall mean Collateral a security interest in which may be perfected by filing a UCC financing
statement in the relevant UCC filing office. 
 “Unfunded Pension Liability” of any Plan shall mean the amount,
if any, by which the value of the accumulated plan benefits under the Plan determined on a plan termination basis in accordance with actuarial assumptions at such time consistent with those prescribed by the PBGC for purposes of Section 4044 of
ERISA, exceeds the fair market value of all plan assets (excluding any accrued but unpaid contributions). 
 “United
States” and “U.S.” shall each mean the United States of America. 
 “Unutilized Revolving Loan
Commitment” shall mean, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such
time. 
 “U.S. Credit Parties” shall mean the Borrower, the U.S. Subsidiary Guarantors and each other Credit
Party that is an operating company whose primary operations are conducted in the U.S. 
 “U.S. GCA Collateral”
shall mean all “Collateral” as defined in the U.S. Guaranty and Collateral Agreement. 
 “U.S.
Guaranty” shall mean the guaranty of the U.S. Subsidiary Guarantors pursuant to Article II of the U.S. Guaranty and Collateral Agreement. 
 “U.S. Guaranty and Collateral Agreement” shall have the meaning provided in Section 6.09. 
 “U.S. Subsidiary Guarantors” shall mean each Wholly-Owned Domestic Subsidiary of the Borrower that is party to the U.S. Guaranty and Collateral Agreement, unless and until such time as
the respective Subsidiary is released from all of its obligations under the U.S. Guaranty and Collateral Agreement in accordance with the terms and provisions thereof. 
 “Weighted Average Life to Maturity” shall mean, when applied to any Indebtedness or Preferred Equity, as the case may be, at any date, the quotient obtained by dividing (a) the sum
of the 

  
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products of the number of years from the date of determination to the date of each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to
such Preferred Equity multiplied by the amount of such payment; by (b) the sum of all such payments. 

“Wholly-Owned Canadian Subsidiary” shall mean, as to any Person, any Wholly-Owned Subsidiary of such Person which is a
Canadian Subsidiary. 
 “Wholly-Owned Domestic Subsidiary” shall mean, as to any Person, any Wholly-Owned
Subsidiary of such Person which is a Domestic Subsidiary. 
 “Wholly-Owned Foreign Subsidiary” shall mean, as
to any Person, any Wholly-Owned Subsidiary of such Person which is a Foreign Subsidiary. 
 “Wholly-Owned
Subsidiary” shall mean, as to any Person, (i) any corporation 100% of whose capital stock is at the time owned by such Person and/or one or more Wholly-Owned Subsidiaries of such Person and (ii) any partnership, limited liability
company, association, joint venture or other entity in which such Person and/or one or more Wholly-Owned Subsidiaries of such Person has a 100% equity interest at such time (other than, in the case of a Foreign Subsidiary of the Borrower with
respect to the preceding clauses (i) and (ii), director’s qualifying shares and/or other nominal amount of shares required to be held by Persons other than the Borrower and its Subsidiaries under applicable law). 

1.02. Other Definitional Provisions. (a) Unless otherwise specified therein, all terms defined in this Agreement shall have
the defined meanings when used in the other Credit Documents or any certificate or other document made or delivered pursuant hereto or thereto. 
 (b) As used herein and in the other Credit Documents, and any certificate or other document made or delivered pursuant hereto or thereto, (i) accounting terms not defined in Section 1.01 shall
have the respective meanings given to them under GAAP subject to Section 13.07(a), (ii) the words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without
limitation”, (iii) the word “incur” shall be construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and the words “incurred” and “incurrence” shall have correlative
meanings), (iv) unless the context otherwise requires, 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, Equity Interests, securities, revenues, accounts, leasehold interests and contract rights, (v) the word “will” shall be construed to have the same meaning and effect as the word “shall”, and (vi) unless
the context otherwise requires, any reference herein (A) to any Person shall be construed to include such Person’s successors and assigns and (B) to the Borrower or any other Credit Party shall be construed to include the Borrower or
such Credit Party as debtor and debtor-in-possession and any receiver or trustee for the Borrower or any other Credit Party, as the case may be, in any insolvency or liquidation proceeding. 

(c) The words “hereof”, “herein” and “hereunder” and words of similar import, when used in this Agreement,
shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified. 

(d) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

  
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 SECTION 2. Amount and Terms of Credit. 

2.01. The Commitments. (a) Subject to and upon the terms and conditions set forth herein, each Lender with a Term Loan
Commitment severally agrees to make a term loan or term loans (each, a “Term Loan” and, collectively, the “Term Loans”) to the Borrower, which Term Loans (i) shall be incurred pursuant to a single drawing on
the Initial Borrowing Date, (ii) shall be denominated in Dollars, (iii) except as hereinafter provided, shall, at the option of the Borrower, be incurred and maintained as, and/or converted into, Base Rate Loans or LIBOR Loans,
provided that except as otherwise specifically provided in Section 2.10(b), all Term Loans comprising the same Borrowing shall at all times be of the same Type, and (iv) shall be made by each such Lender in an aggregate principal
amount which does not exceed the Term Loan Commitment of such Lender on the Initial Borrowing Date. Once repaid, Term Loans incurred hereunder may not be reborrowed. 
 (b) Subject to and upon the terms and conditions set forth herein, each Lender with a Revolving Loan Commitment severally agrees to make, at any time and from time to time on or after the Initial
Borrowing Date and prior to the Revolving Loan Maturity Date, a revolving loan or revolving loans to the Borrower (each, a “Revolving Loan” and, collectively, the “Revolving Loans”), which Revolving Loans:

 (i) shall be made and maintained in Dollars; 

(ii) except as hereafter provided, shall, at the option of the Borrower, be incurred and maintained as, and/or converted
into, one or more Borrowings of Base Rate Loans or LIBOR Loans; provided that, except as otherwise specifically provided in Section 2.10(b), all Revolving Loans made as part of the same Borrowing shall at all times consist of Revolving
Loans of the same Type; 
 (iii) may be repaid and reborrowed in accordance with the provisions hereof;

 (iv) shall not be made (and shall not be required to be made) by any such Lender in any instance where the
incurrence thereof (after giving effect to the use of the proceeds thereof on the date of the incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) would cause (x) the Individual Exposure of a RL Lender to
exceed the amount of its Revolving Loan Commitment at such time or (y) the Aggregate Exposure to exceed the Total Revolving Loan Commitment at such time. 
 2.02. Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Loans under a respective Tranche shall not be less than the Minimum Borrowing Amount applicable to such
Tranche. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than (x) five Borrowings of Term Loans and (y) five Borrowings of Revolving Loans. 

2.03. Notice of Borrowing. (a) Whenever the Borrower desires to incur (x) LIBOR Loans, the Borrower shall give the
Administrative Agent at the Notice Office at least three Business Days’ prior notice of each LIBOR Loan to be incurred hereunder and (y) Base Rate Loans hereunder, the Borrower shall give the Administrative Agent at the Notice Office at
least one Business Day’s prior notice of each Base Rate Loan to be incurred hereunder, provided that (in each case) any such notice shall be deemed to have been given on a certain day only if given before 12:00 Noon. (New York City time)
on such day. Each such notice (each, a “Notice of Borrowing”), except as otherwise expressly provided in Section 2.10, shall be irrevocable and shall be in writing, or by telephone promptly confirmed in writing, in the form of
Exhibit A-1, appropriately completed to specify: (i) the aggregate principal amount of the Loans to be incurred pursuant to such Borrowing, (ii) the date of such Borrowing (which 

  
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shall be a Business Day), (iii) whether the Loans being incurred pursuant to such Borrowing shall constitute Term Loans or Revolving Loans, and (iv) whether the Loans being incurred
pursuant to such Borrowing are to be initially maintained as Base Rate Loans or, to the extent permitted hereunder, LIBOR Loans and, if LIBOR Loans, the initial Interest Period to be applicable thereto. The Administrative Agent shall promptly give
each Lender which is required to make Loans of the Tranche specified in the respective Notice of Borrowing, notice of such proposed Borrowing, of such Lender’s proportionate share thereof and of the other matters required by the immediately
preceding sentence to be specified in the Notice of Borrowing. 
 (b) Without in any way limiting the obligation of the Borrower
to confirm in writing any telephonic notice of any Borrowing or prepayment of Loans, the Administrative Agent may act without liability upon the basis of telephonic notice of such Borrowing or prepayment, as the case may be, believed by the
Administrative Agent in good faith to be from an Authorized Officer of the Borrower, prior to receipt of written confirmation. In each such case, the Borrower hereby waives the right to dispute the Administrative Agent’s record of the terms of
such telephonic notice of such Borrowing or prepayment of Loans, as the case may be, absent manifest error. 
 2.04.
Disbursement of Funds. No later than 1:00 P.M. (New York City time) on the date specified in each Notice of Borrowing, each Lender with a Commitment of the respective Tranche will make available its pro rata portion (determined
in accordance with Section 2.07) of each such Borrowing requested to be made on such date. All such amounts will be made available in Dollars and in immediately available funds at the Payment Office, and the Administrative Agent will make
available to the Borrower at the Payment Office the aggregate of the amounts so made available by the Lenders under the respective Tranche. Unless the Administrative Agent shall have been notified by any Lender prior to the date of Borrowing that
such Lender does not intend to make available to the Administrative Agent such Lender’s portion of any Borrowing to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative
Agent on such date of Borrowing and the Administrative Agent may (but shall not be obligated to), in reliance upon such assumption, make available to the relevant Borrower a corresponding amount. If such corresponding amount is not in fact made
available to the Administrative Agent by such Lender, the Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative
Agent’s demand therefor, the Administrative Agent shall promptly notify the Borrower and the Borrower shall immediately pay such corresponding amount to the Administrative Agent. The Administrative Agent also shall be entitled to recover on
demand from such Lender or the Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower until the date such
corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if recovered from such Lender, the overnight Federal Funds Rate for the first three days and at the interest rate otherwise applicable to such Loans
for each day thereafter and (ii) if recovered from the Borrower, the rate of interest applicable to the respective Borrowing, as determined pursuant to Section 2.08. Nothing in this Section 2.04 shall be deemed to relieve any Lender
from its obligation to make Loans hereunder or to prejudice any rights which the Borrower may have against any Lender as a result of any failure by such Lender to make Loans hereunder. 

2.05. Notes. (a) The Borrower’s obligation to pay the principal of, and interest on, the Loans made by each Lender shall
be evidenced in the Register and shall, if requested by such Lender, also be evidenced (i) in the case of Term Loans, by a promissory note duly executed and delivered by the Borrower substantially in the form of Exhibit B-1, with blanks
appropriately completed in conformity herewith (each, a “Term Note” and, collectively, the “Term Notes”) and (ii) in the case of Revolving Loans, by a promissory note duly executed and delivered by the Borrower
substantially in the form of Exhibit B-2, with blanks appropriately completed in conformity herewith (each, a “Revolving Note” and, collectively, the “Revolving Notes”). 

  
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 (b) Each Lender will note on its internal records the amount of each Loan made by it and
each payment in respect thereof and prior to any transfer of any of its Notes will endorse on the reverse side thereof the outstanding principal amount of Loans evidenced thereby. Failure to make any such notation or any error in such notation shall
not affect the Borrower’s obligations in respect of such Loans. 
 (c) Notwithstanding anything to the contrary contained
above in this Section 2.05 or elsewhere in this Agreement, Notes shall only be delivered to Lenders which at any time specifically request the delivery of such Notes. No failure of any Lender to request or obtain a Note evidencing its Loans to
the Borrower shall affect or in any manner impair the obligations of the Borrower to pay the Loans (and all related Obligations) incurred by the Borrower which would otherwise be evidenced thereby in accordance with the requirements of this
Agreement, and shall not in any way affect the security or guaranties therefor provided pursuant to the various Credit Documents. Any Lender which does not have a Note evidencing its outstanding Loans shall in no event be required to make the
notations otherwise described in preceding clause (b). At any time when any Lender requests the delivery of a Note to evidence any of its Loans, the Borrower shall promptly execute and deliver to the respective Lender the requested Note in the
appropriate amount or amounts to evidence such Loans. 
 2.06. Conversions. The Borrower shall have the option to
convert, on any Business Day, all or a portion equal to at least the Minimum Borrowing Amount of the outstanding principal amount of Loans made pursuant to one or more Borrowings (so long as of the same Tranche) of one or more Types of Loans into a
Borrowing (of the same Tranche) of another Type of Loan, provided that, (i) except as otherwise provided in Section 2.10(b), LIBOR Loans may be converted into Base Rate Loans only on the last day of an Interest Period applicable to
the Loans being converted and no such partial conversion of LIBOR Loans shall reduce the outstanding principal amount of such LIBOR Loans made pursuant to a single Borrowing to less than the Minimum Borrowing Amount applicable thereto, (ii) at
the option of the Required Lenders, Base Rate Loans may be converted into LIBOR Loans if a Default or Event of Default is in existence on the date of the conversion, and (iii) no conversion pursuant to this Section 2.06 shall result in a
greater number of Borrowings of LIBOR Loans than is permitted under Section 2.02. Each such conversion shall be effected by the Borrower by giving the Administrative Agent at the Notice Office prior to 12:00 Noon (New York City time) at
least (x) in the case of conversions of Base Rate Loans into LIBOR Loans, three Business Days’ prior notice and (y) in the case of conversions of LIBOR Loans into Base Rate Loans, one Business Day’s prior notice (each, a
“Notice of Conversion/Continuation”), in each case in the form of Exhibit A-2, appropriately completed to specify the Loans to be so converted, the Borrowing or Borrowings pursuant to which such Loans were incurred and, if to be
converted into LIBOR Loans, the Interest Period to be initially applicable thereto. The Administrative Agent shall give each Lender prompt notice of any such proposed conversion affecting any of its Loans. 

2.07. Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from the
Lenders pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, respectively. It is understood that no Lender shall be responsible for any default by any other Lender of its obligation to make Loans
hereunder and that each Lender shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to make its Loans hereunder. 

2.08. Interest. (a) The Borrower agrees to pay interest in respect of the unpaid principal amount of each Base Rate Loan from
the date of Borrowing thereof until the earlier of (i) the 

  
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maturity thereof (whether by acceleration or otherwise) and (ii) the conversion of such Base Rate Loan to a LIBOR Loan pursuant to Section 2.06 or 2.09, as applicable, at a rate per
annum which shall be equal to the sum of the relevant Applicable Margin plus the Base Rate, each as in effect from time to time. 
 (b) The Borrower agrees to pay interest in respect of the unpaid principal amount of each LIBOR Loan from the date of Borrowing thereof until the earlier of (i) the maturity thereof (whether by
acceleration or otherwise) and (ii) the conversion of such LIBOR Loan to a Base Rate Loan pursuant to Section 2.06, 2.09 or 2.10, as applicable, at a rate per annum which shall, during each Interest Period applicable thereto, be equal to
the sum of the relevant Applicable Margin as in effect from time to time during such Interest Period plus the LIBO Rate for such Interest Period 
 (c) During the continuation of an Event of Default under Section 11.01, 11.03 (with respect to Sections 10.08 and 10.09) or 11.05, each Loan shall, in each case, bear interest at a rate per annum
equal to the rate which is 2% in excess of the rate then borne by such Loans, and all overdue principal and, to the extent permitted by law, overdue interest in respect of each Loan, and other overdue amounts payable hereunder and under any other
Credit Document shall bear interest at a rate per annum equal to the rate which is 2% in excess of the rate applicable to Revolving Loans that are maintained as Base Rate Loans from time to time. Interest that accrues under this Section 2.08(c)
shall be payable on demand. 
 (d) Accrued (and theretofore unpaid) interest shall be payable (i) in respect of each Base
Rate Loan, (x) quarterly in arrears on each Quarterly Payment Date, (y) on the date of any repayment or prepayment in full of all outstanding Base Rate Loans of any Tranche, and (z) at maturity (whether by acceleration or otherwise)
and, after such maturity, on demand, and (ii) in respect of each LIBOR Loan, (x) on the last day of each Interest Period applicable thereto and, in the case of an Interest Period in excess of three months, on each date occurring at three
month intervals after the first day of such Interest Period, (y) on the date of any repayment or prepayment (on the amount repaid or prepaid) and (z) at maturity (whether by acceleration or otherwise) and, after such maturity, on demand.

 (e) Upon each Interest Determination Date, the Administrative Agent shall determine the LIBO Rate for each Interest Period
applicable to the respective LIBOR Loans and shall promptly notify the Borrower and the Lenders thereof. Each such determination shall, absent manifest error, be final and conclusive and binding on all parties hereto. 

2.09. Interest Periods. (a) At the time the Borrower gives any Notice of Borrowing or Notice of Conversion/Continuation in
respect of the making of, or conversion into, any LIBOR Loan (in the case of the initial Interest Period applicable thereto) or prior to 12:00 Noon (New York City time) on the third Business Day prior to the expiration of an Interest Period
applicable to such LIBOR Loan (in the case of any subsequent Interest Period), the Borrower shall have the right to elect the interest period (each, an “Interest Period”) applicable to such LIBOR Loan, which Interest Period shall,
at the option of the Borrower, be a one, two, three, six or, if available from all Lenders of such Tranche, nine or twelve month period, provided that (in each case): 

(i) all LIBOR Loans comprising a Borrowing shall at all times have the same Interest Period; 

(ii) the initial Interest Period for any LIBOR Loan shall commence on the date of Borrowing of such LIBOR Loan (including
the date of any conversion thereto from a Base Rate Loan) and each Interest Period occurring thereafter in respect of such LIBOR Loan shall commence on the day on which the next preceding Interest Period applicable thereto expires; 

  
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 (iii) if any Interest Period for a LIBOR Loan begins on a day for which
there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of such calendar month; 

(iv) if any Interest Period for a LIBOR Loan would otherwise expire on a day which is not a Business Day, such Interest
Period shall expire on the next succeeding Business Day; provided, however, that if any Interest Period for a LIBOR Loan would otherwise expire on a day which is not a Business Day but is a day of the month after which no further
Business Day occurs in such month, such Interest Period shall expire on the next preceding Business Day; 
 (v)
unless the Required Lenders otherwise agree, no Interest Period may be selected at any time when a Default or an Event of Default is then in existence; 
 (vi) no Interest Period in respect of any Borrowing of any Tranche of Loans shall be selected which extends beyond the Maturity Date for such Tranche of Loans; and 

(vii) no Interest Period in respect of any Borrowing of Term Loans shall be selected which extends beyond any Scheduled
Term Loan Repayment Date, if the aggregate principal amount of such Term Loans which have Interest Periods which will expire after such date will be in excess of the aggregate principal amount of such Term Loans then outstanding less the
Scheduled Term Loan Repayment made on such date. 
 If by 12:00 Noon (New York City time) on the third Business Day prior to the expiration of
any Interest Period applicable to a Borrowing of LIBOR Loans, the Borrower has failed to elect, or is not permitted to elect, a new Interest Period to be applicable to such LIBOR Loans as provided above, the Borrower shall be deemed to have elected
to convert such LIBOR Loans into Base Rate Loans effective as of the expiration date of such current Interest Period. 
 2.10.
Increased Costs, Illegality, etc. (a) In the event that any Lender shall have determined (which determination shall, absent manifest error, be final and conclusive and binding upon all parties hereto but, with respect to clause
(i) below, may be made only by the Administrative Agent): 
 (i) on any Interest Determination Date that, by
reason of any changes arising after the Effective Date affecting the London interbank market, adequate and fair means do not exist for ascertaining the applicable interest rate on the basis provided for in the definition of LIBO Rate; or 

(ii) at any time, that such Lender shall incur increased costs or reductions in the amounts received or receivable
hereunder with respect to any LIBOR Loan because of (x) any change since the Effective Date in any applicable law or governmental rule, regulation, order, guideline or request (whether or not having the force of law) or in the interpretation or
administration thereof and including the introduction of any new law or governmental rule, regulation, order, guideline or request, such as, but not limited to: (A) a change in the basis of taxation of payment to any Lender of the principal of
or interest on the Loans or the Notes or any other amounts payable hereunder (except for changes in the rate of tax on, or determined by reference to, the net income or net profits of such Lender pursuant to the laws of the jurisdiction in which it
is organized or in which its principal office or applicable lending office is located or any subdivision thereof or therein) or (B) a change in official reserve requirements, but, in all events, excluding reserves required under Regulation D to
the extent 

  
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included in the computation of the LIBO Rate and/or (y) other circumstances arising since the Effective Date affecting such Lender, the London interbank market or the position of such Lender
in such market (including that the LIBO Rate with respect to such LIBOR Loan does not adequately and fairly reflect the cost to such Lender of funding such LIBOR Loan); or 

(iii) at any time, that the making or continuance of any LIBOR Loan has been made (x) unlawful by any law or
governmental rule, regulation or order, (y) impossible by compliance by any Lender in good faith with any governmental request (whether or not having force of law) or (z) impracticable as a result of a contingency occurring after the
Effective Date which materially and adversely affects the London interbank market; 
 then, and in any such event, such Lender (or the
Administrative Agent, in the case of clause (i) above) shall promptly give notice (by telephone promptly confirmed in writing) to the Borrower and, except in the case of clause (i) above, to the Administrative Agent of such determination
(which notice the Administrative Agent shall promptly transmit to each of the other Lenders). Thereafter (x) in the case of clause (i) above, LIBOR Loans shall no longer be available until such time as the Administrative Agent notifies the
Borrower and the Lenders that the circumstances giving rise to such notice by the Administrative Agent no longer exist, and any Notice of Borrowing or Notice of Conversion/Continuation given by the Borrower with respect to LIBOR Loans which have not
yet been incurred (including by way of conversion) shall be deemed rescinded by the Borrower, (y) in the case of clause (ii) above, the Borrower agree to pay to such Lender, upon such Lender’s written request therefor, such additional
amounts (in the form of an increased rate of, or a different method of calculating, interest) as shall be required to compensate such Lender for such increased costs or reductions in amounts received or receivable hereunder (a written notice as to
the additional amounts owed to such Lender, showing in reasonable detail the basis for the calculation thereof, submitted to the Borrower by such Lender shall, absent manifest error, be final and conclusive and binding on all the parties hereto) and
(z) in the case of clause (iii) above, the Borrower shall take one of the actions specified in Section 2.10(b) as promptly as possible and, in any event, within the time period required by law. 

(b) At any time that any LIBOR Loan is affected by the circumstances described in Section 2.10(a)(ii), the Borrower may, and in the
case of a LIBOR Loan affected by the circumstances described in Section 2.10(a)(iii), the Borrower shall, either (x) if the affected LIBOR Loan is then being made initially or pursuant to a conversion, cancel such Borrowing by giving the
Administrative Agent telephonic notice (confirmed in writing) on the same date that the Borrower was notified by the affected Lender or the Administrative Agent pursuant to Section 2.10(a)(ii) or (iii) or (y) if the affected LIBOR
Loan is then outstanding, upon at least three Business Days’ written notice to the Administrative Agent, require the affected Lender to convert such LIBOR Loan into a Base Rate Loan, provided that, if more than one Lender is affected at
any time, then all affected Lenders must be treated the same pursuant to this Section 2.10(b). 
 (c) If any Lender
determines that after the Effective Date the introduction of or any change in any applicable law or governmental rule, regulation, order, guideline, directive or request (whether or not having the force of law) concerning capital adequacy, or any
change in interpretation or administration thereof by the NAIC or any Governmental Authority, central bank or comparable agency, will have the effect of increasing the amount of capital required or expected to be maintained by such Lender or any
corporation controlling such Lender based on the existence of such Lender’s Commitments hereunder or its obligations hereunder, then the Borrower agrees to pay to such Lender, upon its written demand therefor, such additional amounts as shall
be required to compensate such Lender or such other corporation for the increased cost to such Lender or such other corporation or the reduction in the rate of return to such Lender or such other corporation as a result of such increase of capital.
In determining such additional amounts, each Lender will act reasonably and in good faith and 

  
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will use averaging and attribution methods which are reasonable, provided that such Lender’s determination of compensation owing under this Section 2.10(c) shall, absent manifest
error, be final and conclusive and binding on all the parties hereto. Each Lender, upon determining that any additional amounts will be payable pursuant to this Section 2.10(c), will give prompt written notice thereof to the Borrower, which
notice shall show in reasonable detail the basis for calculation of such additional amounts. 
 (d) Notwithstanding anything in
this Agreement to the contrary, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder, issued in connection therewith or in implementation thereof, shall be deemed
to be a change after the Effective Date in a requirement of law or government rule, regulation or order, regardless of the date enacted, adopted, issued or implemented (including for purposes of this Section 2.10). 

2.11. Compensation. The Borrower agrees to compensate each Lender, upon its written request (which request shall set forth in
reasonable detail the basis for requesting such compensation), for all losses, expenses and liabilities (including, without limitation, any loss, expense or liability incurred by reason of the liquidation or reemployment of deposits or other funds
required by such Lender to fund its LIBOR Loans but excluding loss of anticipated profits) which such Lender may sustain: (i) if for any reason (other than a default by such Lender or the Administrative Agent) a Borrowing of, or conversion from
or into, LIBOR Loans does not occur on a date specified therefor in a Notice of Borrowing or Notice of Conversion/Continuation (whether or not withdrawn by the Borrower or deemed withdrawn pursuant to Section 2.10(a)); (ii) if any
prepayment or repayment (including any prepayment or repayment made pursuant to Section 5.01, Section 5.02 or as a result of an acceleration of the Loans pursuant to Section 11) or conversion of any of its LIBOR Loans occurs on a date
which is not the last day of an Interest Period with respect thereto; (iii) if any prepayment of any of its LIBOR Loans is not made on any date specified in a notice of prepayment given by the Borrower; or (iv) as a consequence of
(x) any other default by the Borrower to repay LIBOR Loans when required by the terms of this Agreement or any Note held by such Lender or (y) any election made pursuant to Section 2.10(b). 

2.12. Change of Lending Office. Each Lender agrees that on the occurrence of any event giving rise to the operation of
Section 2.10(a)(ii) or (iii), Section 2.10(c) or Section 5.04 with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such Lender) to designate another
lending office for any Loans or Letters of Credit affected by such event, provided that such designation is made on such terms that such Lender and its lending office suffer no economic, legal or regulatory disadvantage, with the object of
avoiding the consequence of the event giving rise to the operation of such Section. Nothing in this Section 2.12 shall affect or postpone any of the obligations of the Borrower or the right of any Lender provided in Sections 2.10 and 5.04.

 2.13. Replacement of Lenders. (x) If any Lender becomes a Defaulting Lender, (y) upon the occurrence of any
event giving rise to the operation of Section 2.10(a)(ii) or (iii), Section 2.10(c) or Section 5.04 with respect to any Lender which results in such Lender charging to the Borrower increased costs in excess of those being generally
charged by the other Lenders or (z) in the case of a refusal by a Lender to consent to a proposed change, waiver, discharge or termination with respect to this Agreement which has been approved by the Required Lenders as (and to the extent)
provided in Section 13.12(b), the Borrower shall have the right, in accordance with Section 13.04(b), if no Default or Event of Default then exists or would exist after giving effect to such replacement, to replace such Lender (the
“Replaced Lender”) with one or more other Eligible Transferees, none of whom shall constitute a Defaulting Lender at the time of such replacement (collectively, the “Replacement Lender”) and each of which shall be
reasonably acceptable to the Administrative Agent or, in the case of a replacement as 

  
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provided in Section 13.12(b) where the consent of the respective Lender is required with respect to less than all Tranches of its Loans or Commitments, to replace the Commitments and/or
outstanding Loans of such Lender in respect of each Tranche where the consent of such Lender would otherwise be individually required, with identical Commitments and/or Loans of the respective Tranche provided by the Replacement Lender;
provided that: 
 (i) at the time of any replacement pursuant to this Section 2.13, the Replacement
Lender shall enter into one or more Assignment and Assumption Agreements pursuant to Section 13.04(b) (and with all fees payable pursuant to said Section 13.04(b) to be paid by the Replacement Lender and/or the Borrower (as may be agreed
to at such time by and among the Borrower and the Replacement Lender)) pursuant to which the Replacement Lender shall acquire all of the Commitments and outstanding Loans (or, in the case of the replacement of only (a) the Revolving Loan
Commitment, the Revolving Loan Commitment and outstanding Revolving Loans and/or (b) the outstanding Term Loans, the outstanding Term Loans of the respective Tranche with respect to which such Lender is being replaced) of, shall pay to the
Replaced Lender in respect thereof an amount equal to the sum of (x) an amount equal to the principal of, and all accrued interest on, all outstanding Loans of the respective Replaced Lender under each Tranche with respect to which such
Replaced Lender is being replaced and (y) an amount equal to all accrued, but theretofore unpaid, Fees owing to the Replaced Lender (but only with respect to the relevant Tranche, in the case of the replacement of less than all Tranches of
Loans then held by the respective Replaced Lender) pursuant to Section 4.01; and 
 (ii) all obligations of
the Borrower then owing to the Replaced Lender (other than those (a) specifically described in clause (a) above in respect of which the assignment purchase price has been, or is concurrently being, paid, but including all amounts, if any,
owing under Section 2.11 or (b) relating to any Tranche of Loans and/or Commitments of the respective Replaced Lender which will remain outstanding after giving effect to the respective replacement) shall be paid in full to such Replaced
Lender concurrently with such replacement. 
 Upon receipt by the Replaced Lender of all amounts required to be paid to it pursuant to this
Section 2.13, the Administrative Agent shall be entitled (but not obligated) and is authorized (which authorization is coupled with an interest) to execute an Assignment and Assumption Agreement on behalf of such Replaced Lender, and any such
Assignment and Assumption Agreement so executed by the Administrative Agent and the Replacement Lender shall be effective for purposes of this Section 2.13 and Section 13.04; provided that in the case of a Defaulting Lender, such Lender
shall be deemed to have consented to such assignment, notwithstanding execution of an Assignment and Assumption Agreement on such Lender’s behalf by the Administrative Agent. Upon the execution of the respective Assignment and Assumption
Agreement, the payment of amounts referred to in clauses (a) and (b) above, recordation of the assignment on the Register by the Administrative Agent pursuant to Section 13.15 and, if so requested by the Replacement Lender, delivery
to the Replacement Lender of the appropriate Note or Notes executed by the Borrower, (x) the Replacement Lender shall become a Lender hereunder and, unless the respective Replaced Lender continues to have outstanding Term Loans and/or a
Revolving Loan Commitment hereunder, the Replaced Lender shall cease to constitute a Lender hereunder, except with respect to indemnification provisions under this Agreement (including, without limitation, Sections 2.10, 2.11, 5.04, 12.06, 13.01 and
13.06), which shall survive as to such Replaced Lender and (y) except in the case of the replacement of only outstanding Term Loans pursuant to this Section 2.13, the RL Percentages of the Lenders shall be automatically adjusted at such
time to give effect to such replacement. 
 2.14. [Reserved]. 

  
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 2.15. Incremental RL Commitments. (a) The Borrower shall have the right, after
the occurrence of the Effective Date, to request from time to time (by written notice to the Administrative Agent, who shall send a copy of such notice to each Lender) that one or more Lenders (and/or one or more other Persons, reasonably acceptable
to the Administrative Agent, which will become Lenders as provided below) provide Incremental RL Commitments and, subject to the terms and conditions contained in this Agreement, make Revolving Loans pursuant thereto, so long as (x) no Default
or Event of Default then exists or would result therefrom, (y) the Borrower shall have demonstrated to the Administrative Agent’s reasonable satisfaction that the full amount of the respective Incremental RL Commitments may be incurred
without violating the terms of any material Indebtedness of the Borrower or any of its Subsidiaries or the documentation governing any such Indebtedness and (z) the Borrower shall be in compliance on a Pro Forma Basis with the
Financial Covenants for the Calculation Period most recently ended prior to the Incremental RL Commitment Date of the respective Incremental RL Commitment Agreement (determined as if the full amount of such Incremental RL Commitments had been
incurred on the first day of such Calculation Period); it being understood and agreed, however, that (i) no Lender shall be obligated to provide an Incremental RL Commitment as a result of any such request by the Borrower, and until such time,
if any, as such Lender has agreed in its sole discretion to provide an Incremental RL Commitment and executed and delivered to the Administrative Agent an Incremental RL Commitment Agreement as provided in clause (b) of this Section 2.15,
such Lender shall not be obligated to fund any Revolving Loans in excess of its Revolving Loan Commitment as in effect prior to giving effect to such Incremental RL Commitment incurred pursuant to this Section 2.15, (ii) any Lender (or any
other Person, reasonably acceptable to the Administrative Agent, which will qualify as an Eligible Transferee) may so provide an Incremental RL Commitment without the consent of any other Lender, (iii) the aggregate amount of Incremental RL
Commitments to be incurred pursuant to this Section 2.15 at any time (for all Lenders (including any Eligible Transferee who will become a Lender)) shall not exceed $5,000,000, (iv) the up-front fees payable to each Incremental RL Lender
in respect of each Incremental RL Commitment shall be separately agreed to by the Borrower, the Administrative Agent and each such Incremental RL Lender, (v) if the Applicable Margins with respect to Revolving Loans to be incurred pursuant to
an Incremental RL Commitment shall be higher in any respect than those applicable to any other Revolving Loans, the Applicable Margins for such other Revolving Loans and extension of credit hereunder shall be automatically increased as and to the
extent needed to eliminate any deficiencies in accordance with the definition of “Applicable Margin” contained herein; provided that, if the Applicable Margin for such Revolving Loans to be incurred pursuant to an Incremental RL
Commitment exceeds the Applicable Margin relating to the Revolving Loans existing immediately prior to the effectiveness of the respective Incremental RL Commitment Agreement by more than 0.25%, then the Applicable Margins relating to the Term Loans
shall be automatically adjusted to be equal to the Applicable Margins relating to such Revolving Loans to be incurred pursuant to an Incremental RL Commitment minus 0.25%, (vi) all Revolving Loans subsequently incurred pursuant to such
Incremental RL Commitment (and all interest, fees and other amounts payable thereon) shall constitute Obligations under this Agreement and the other applicable Credit Documents and shall be secured by the Security Documents, and guaranteed under
each Guaranty, on a pari passu basis with all other Obligations secured by the Security Documents and guaranteed under each Guaranty and (vii) all actions taken by the Borrower pursuant to this Section 2.15 shall be done in
coordination with the Administrative Agent. 
 (b) In connection with any provision of Incremental RL Commitments pursuant to
this Section 2.15, (i) the Borrower, the Administrative Agent and each such Lender or other Eligible Transferee reasonably acceptable to the Administrative Agent (each, an “Incremental RL Lender”) which agrees to provide
an Incremental RL Commitment shall execute and deliver to the Administrative Agent an Incremental RL Commitment Agreement in form and substance reasonably acceptable to the Administrative Agent (each, an “Incremental RL Commitment
Agreement”), with the effectiveness of such Incremental RL Lender’s Incremental RL Commitment to occur upon delivery of such Incremental RL Commitment Agreement to the Administrative Agent, the payment of any fees

  
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required in connection therewith (including, without limitation, any agreed upon up-front or arrangement fees) and the satisfaction of the other terms and conditions described in this
Section 2.15 and in the respective Incremental RL Commitment Agreement, and (ii) the Borrower shall, in each case to the extent required by the Administrative Agent, deliver to the Administrative Agent (x) an opinion or opinions, in
form and substance reasonably satisfactory to the Administrative Agent, from counsel to the Borrower reasonably satisfactory to the Administrative Agent and dated the applicable Incremental RL Commitment Date of the respective Incremental RL
Commitment Agreement, covering such matters relating to the provision of the Incremental RL Commitments as may be reasonably requested by the Administrative Agent, (y) a solvency certificate from the chief financial officer of the Borrower,
dated the applicable Incremental RL Commitment Date of the respective Incremental RL Commitment Agreement, substantially in the form of Exhibit G (with appropriate modifications that are reasonably acceptable to the Administrative Agent to reflect
the Incremental RL Commitments and any related transactions to occur on such date) and (z) such other officers’ certificates, board of director resolutions and evidence of good standing as the Administrative Agent shall reasonably request
(including such officer’s certificates, in reasonable detail (and with supporting calculations), demonstrating compliance with clauses (y) and (z) of Section 2.15(a)). The Administrative Agent shall promptly notify each Lender as
to the effectiveness of each Incremental RL Commitment Agreement, and at such time (A) the Total Revolving Loan Commitment under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Incremental RL
Commitments, (B) Schedule 1.01(a) shall be deemed modified to reflect the revised Revolving Loan Commitments of the affected Lenders and (C) to the extent requested by any Incremental RL Lender, Revolving Notes will be issued, at the
Borrower’s expense, to such Incremental RL Lender in conformity with the requirements of Section 2.05. 
 (c) At the
time of any provision of Incremental RL Commitments pursuant to this Section 2.15, the Borrower shall, in coordination with the Administrative Agent, repay outstanding Revolving Loans of certain of the RL Lenders, and incur additional Revolving
Loans from certain other RL Lenders (including the Incremental RL Lenders), in each case to the extent necessary so that all of the RL Lenders participate in each outstanding Borrowing of Revolving Loans pro rata on the basis of their
respective Revolving Loan Commitments (after giving effect to any increase in the Total Revolving Loan Commitment pursuant to this Section 2.15) and with the Borrower being obligated to pay to the respective RL Lenders any costs of the type
referred to in Section 2.11 in connection with any such repayment and/or Borrowing. 
 SECTION 3. [Reserved].

 SECTION 4. Commitment Commission; Fees; Reductions of Commitment. 

4.01. Fees. (a) The Borrower agrees to pay to the Administrative Agent for distribution to each
Non-Defaulting RL Lender a commitment commission (the “Commitment Commission”) for the period from and including the Effective Date to and including the Revolving Loan Maturity Date (or such earlier date on which the Total Revolving
Loan Commitment has been terminated) computed at a rate per annum equal to  1/2 of 1% of the Unutilized Revolving Loan Commitment of such Non-Defaulting RL Lender as in effect from time to time. Accrued Commitment Commission shall be due and payable quarterly in arrears on each
Quarterly Payment Date and on the date upon which the Total Revolving Loan Commitment is terminated. 
 (b) The Borrower
agrees to pay to the Administrative Agent such fees as may be agreed to in writing from time to time by the Borrower or any of its Subsidiaries and the Administrative Agent. 

  
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 (c) At the time of the effectiveness of any Repricing Event that is consummated prior to the
first anniversary of the Effective Date, the Borrower agrees to pay to the Administrative Agent, for the ratable account of each Lender with Term Loans that are either repaid, converted or subjected to a pricing reduction in connection with such
Repricing Event (including each Lender that withholds its consent to such Repricing Event and is replaced as a Replaced Lender under Section 2.13), a fee in an amount equal to 1.0% of (x) in the case of a Repricing Event described in
clause (a) of the definition thereof, the aggregate principal amount of all Term Loans prepaid (or converted) in connection with such Repricing Event and (y) in the case of a Repricing Event described in clause (b) of the definition
thereof, the aggregate principal amount of all Term Loans outstanding on such date that are subject to an effective pricing reduction pursuant to such Repricing Event. Such fees shall be earned, due and payable upon the date of the effectiveness of
such Repricing Event. 
 (d) The Borrower agrees to pay to the Administrative Agent for distribution to the respective
Incremental RL Lenders such fees and other amounts, if any, as are specified in each Incremental RL Commitment Agreement, with such fees and other amounts, if any, to be payable on the respective Incremental RL Commitment Date for the applicable
Incremental RL Commitments. 
 4.02. Voluntary Termination of Unutilized Revolving Loan Commitments. (a) Upon at
least three Business Days’ prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), the Borrower shall have the right, at any time or from time
to time, without premium or penalty to terminate the Total Unutilized Revolving Loan Commitment in whole, or reduce it in part, pursuant to this Section 4.02(a), in an integral multiple of $1,000,000 in the case of partial reductions to the
Total Unutilized Revolving Loan Commitment, provided that each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of each RL Lender. 

(b) In the event of certain refusals by a Lender to consent to certain proposed changes, waivers, discharges or terminations with respect
to this Agreement which have been approved by the Required Lenders as (and to the extent) provided in Section 13.12(b) and/or with respect to Defaulting RL Lenders, the Borrower shall have the right, subject to obtaining the consents required
by Section 13.12(b), upon three Business Days’ prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), to terminate the entire Revolving
Loan Commitment of such Lender, so long as all Loans, together with accrued and unpaid interest, Fees (except in the case of Defaulting RL Lenders) and all other amounts (except in the case of Defaulting RL Lenders), owing to such Lender (including
all amounts, if any, owing pursuant to Section 2.11 but excluding the payment of amounts owing in respect of Loans of any Tranche maintained by such Lender, if such Loans are not being repaid pursuant to Section 13.12(b)) are repaid
concurrently with the effectiveness of such termination (at which time Schedule 1.01(a) shall be deemed modified to reflect such changed amounts) and at such time, unless the respective Lender continues to have outstanding Term Loans hereunder, such
Lender shall no longer constitute a “Lender” for purposes of this Agreement, except with respect to indemnifications under this Agreement (including, without limitation, Sections 2.10, 2.11, 5.04, 12.06, 13.01 and 13.06), which shall
survive as to such repaid Lender. 
 4.03. Mandatory Reduction of Commitments. (a) The Total Commitment (and the
Commitment of each Lender) shall terminate in its entirety on October 1, 2011, unless the Initial Borrowing Date has occurred on or prior to such date. 
 (b) In addition to any other mandatory commitment reductions pursuant to this Section 4.03, the Total Term Loan Commitment (and the Term Loan Commitment of each Lender) shall terminate in its
entirety on the Initial Borrowing Date (after giving effect to the incurrence of Term Loans on such date). 

  
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 (c) In addition to any other mandatory commitment reductions pursuant to this
Section 4.03, the Total Revolving Loan Commitment shall terminate in its entirety upon the earlier of (i) the Revolving Loan Maturity Date and (ii) unless the Required Lenders otherwise agree in writing, the date on which a Change of
Control occurs. 
 (d) Each reduction to, or termination of, the Total Revolving Loan Commitment pursuant to this
Section 4.03 shall be applied to proportionately reduce or terminate, as the case may be, the Revolving Loan Commitment of each Lender with a Revolving Loan Commitment. 
 SECTION 5. Prepayments; Payments; Taxes. 
 5.01. Voluntary
Prepayments. (a) The Borrower shall have the right to prepay its Loans, without premium or penalty, in whole or in part at any time and from time to time on the following terms and conditions: (i) the Borrower shall give the
Administrative Agent prior to 12:00 Noon (New York City time) at the Notice Office (x) at least one Business Day’s prior written notice (or telephonic notice promptly confirmed in writing) of its intent to prepay Base Rate Loans and
(y) at least three Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) of its intent to prepay LIBOR Loans, which notice (in each case) shall specify whether Term Loans or Revolving Loans shall be
prepaid, the amount of such prepayment and the Types of Loans to be prepaid and, in the case of LIBOR Loans, the specific Borrowing or Borrowings pursuant to which such LIBOR Loans were made, and which notice the Administrative Agent shall promptly
transmit to each of the Lenders; (ii) (x) each partial prepayment of Term Loans pursuant to this Section 5.01(a) shall be in an aggregate principal amount of at least $1,000,000 (or such lesser amount as is acceptable to the
Administrative Agent in any given case) and (y) each partial prepayment of Revolving Loans pursuant to this Section 5.01(a) shall be in an aggregate principal amount of at least $500,000 (or such lesser amount as is acceptable to the
Administrative Agent), provided that if any partial prepayment of LIBOR Loans made pursuant to any Borrowing shall reduce the outstanding principal amount of LIBOR Loans made pursuant to such Borrowing to an amount less than the Minimum
Borrowing Amount applicable thereto, then such Borrowing may not be continued as a Borrowing of LIBOR Loans (and same shall automatically be converted into a Borrowing of Base Rate Loans) and any election of an Interest Period with respect thereto
given by the Borrower shall have no force or effect and any election of an Interest Period with respect thereto given by the Borrower shall have no force or effect; (iii) each prepayment pursuant to this Section 5.01(a) in respect of any
Loans made pursuant to a Borrowing by the Borrower shall be applied pro rata among such Loans, provided that at the Borrower’s election in connection with any prepayment of Revolving Loans pursuant to this Section 5.01(a), such prepayment
shall not, so long as no Default or Event of Default then exists, be applied to any Revolving Loan of a Defaulting Lender; (iv) each voluntary prepayment of Term Loans pursuant to this Section 5.01(a) shall be applied to the Term Loans on
a pro rata basis; (v) each prepayment of Term Loans pursuant to this Section 5.01(a) shall reduce the then remaining Scheduled Repayments of the Term Loans; provided that any voluntary prepayment of Term Loans pursuant to this
Section 5.01(a) shall be applied (I) first, to reduce the first four immediately succeeding Scheduled Repayments of the Term Loans (after giving effect to all prior reductions thereto) as of the date of the respective payments pursuant to
this Section 5.01(a) in direct order of maturity and (II) second, to the extent in excess thereof, as otherwise directed by the Borrower; and (vi) any prepayment of Term Loans made prior to the first anniversary date of the Effective Date
in connection with a Repricing Event shall be accompanied by the payment of the fee described in Section 4.01(c). 
 (b) In
the event of certain refusals by a Lender to consent to certain proposed changes, waivers, discharges or terminations with respect to this Agreement which have been approved 

  
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by the Required Lenders as (and to the extent) provided in Section 13.12(b), the Borrower may, upon five Business Days’ prior written notice to the Administrative Agent at the Notice
Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), repay all Loans of such Lender (including all amounts, if any, owing pursuant to Section 2.11), together with accrued and unpaid interest, Fees and
all other amounts then owing to such Lender (or owing to such Lender with respect to each Tranche which gave rise to the need to obtain such Lender’s individual consent) in accordance with, and subject to the requirements of, said
Section 13.12(b), so long as (A) in the case of the repayment of Revolving Loans of any Lender pursuant to this clause (b), the Revolving Loan Commitment of such Lender is terminated concurrently with such repayment pursuant to
Section 4.02(b) (at which time Schedule 1.01(a) shall be deemed modified to reflect the changed Revolving Loan Commitments) and (B) the consents, if any, required by Section 13.12(b) in connection with the repayment pursuant to this
clause (b) shall have been obtained. Each prepayment of Term Loans pursuant to this Section 5.01(b) shall reduce the then remaining Scheduled Repayments of the Tranche of Term Loans on a pro rata basis (based upon the then
remaining principal amount of each such Scheduled Repayment of the Tranche after giving effect to all prior reductions thereto). 
 5.02. Mandatory Repayments. (a) On any day on which the Aggregate Exposure exceeds the Total Revolving Loan Commitment, the Borrower shall prepay on such day the principal of its Revolving
Loans in an amount equal to such excess.
 (b) In addition to any other mandatory repayments pursuant to
this Section 5.02, (x) on each Quarterly Payment Date, beginning with the Quarterly Payment Date occurring on August 31, 2011, the Borrower shall be required to repay that principal amount of its Term Loans, to the extent then
outstanding, as is equal to  1/4 of 1% of the
aggregate initial principal amounts of all Term Loans theretofore borrowed by the Borrower pursuant to Section 2.01 of this Agreement and outstanding on the Restatement Effective Date, and (y) on the Term Loan Maturity Date (the Term Loan
Maturity Date and each Quarterly Payment Date described in preceding clause (x), each a “Scheduled Term Loan Repayment Date”), the Borrower shall be required to repay in full the entire principal amount of its Term Loans then
outstanding (with each such repayment pursuant to this Section 5.02(b), as the same may be reduced as provided in Section 5.01(a) or 5.02(h), a “Scheduled Term Loan Repayment”). 

(c) In addition to any other mandatory repayments required pursuant to this Section 5.02, no later than the third Business Day after
each date on or after the Initial Borrowing Date upon which the Borrower receives any cash proceeds from the exercise of a Cure Right, an amount equal to 100% of such Net Cash Proceeds shall be applied as a mandatory repayment of the Loans in
accordance with the requirements of Sections 5.02(h) and (i). 
 (d) In addition to any other mandatory repayments pursuant to
this Section 5.02, no later than the third Business Day after each date on or after the Initial Borrowing Date upon which the Borrower or any of its Subsidiaries receives any cash proceeds from any issuance or incurrence by the Borrower or any
of its Subsidiaries of Indebtedness (other than Indebtedness permitted to be incurred pursuant to Section 10.04), an amount equal to 100% of the Net Cash Proceeds of the respective incurrence of Indebtedness shall be applied as a mandatory
repayment in accordance with the requirements of Sections 5.02(h) and (i). 
 (e) In addition to any other mandatory repayments
pursuant to this Section 5.02, no later than the third Business Day after each date on or after the Initial Borrowing Date upon which the Borrower or any of its Subsidiaries receives any cash proceeds from any Asset Sale, an amount equal to
100% of the Net Sale Proceeds therefrom shall be applied as a mandatory repayment in accordance with the requirements of Sections 5.02(h) and (i); provided, however, that such Net Sale Proceeds shall not be required to be so applied so
long as no Default or Event of Default then exists and such Net Sale Proceeds 

  
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shall be used to purchase assets (other than inventory and working capital) used or to be used in the businesses permitted pursuant to Section 10.13 within 12 months following the date of
such Asset Sale (or if the Borrower or such Subsidiary has entered into a binding commitment to reinvest prior to the last day of such 12-month period, within 18 months of such Asset Sale), and provided further, that if all or any portion of
such Net Sale Proceeds not required to be so applied as provided above in this Section 5.02(e) are not so reinvested within such 12-month period or, if applicable, 18-month period (or such earlier date, if any, as the Borrower or the relevant
Subsidiary determines not to reinvest the Net Sale Proceeds from such Asset Sale as set forth above), such remaining portion shall be applied on the last day of such period (or such earlier date, as the case may be) as provided above in this
Section 5.02(e) without regard to the preceding proviso. 
 (f) In addition to any other mandatory repayments pursuant to
this Section 5.02, on each Excess Cash Payment Date, an amount equal to the Applicable Excess Cash Flow Percentage of the Excess Cash Flow for the related Excess Cash Payment Period shall be applied as a mandatory repayment in accordance with
the requirements of Sections 5.02(h) and (i); provided that, notwithstanding the foregoing, the amount of Loans required to be repaid pursuant to this Section 5.02(f) for any Excess Cash Payment Period shall be reduced on a
dollar-for-dollar basis by the amount of voluntary prepayments of Loans made pursuant to Section 5.01 during such Excess Cash Payment Period (or, without duplication of any amount which would reduce the amount of Loans required to be repaid
pursuant to this Section 5.02(f) for the next Excess Cash Payment Period, any prepayments of Loans made pursuant to Section 5.01 following the last day of such Excess Cash Payment Period and prior to the Excess Cash Payment Date for such
Excess Cash Payment Period), but in the case of a voluntary prepayment of Revolving Loans, only to the extent accompanied by a corresponding voluntary reduction to the Total Revolving Loan Commitment. 

(g) In addition to any other mandatory repayments pursuant to this Section 5.02, no later than the third Business Day after each
date on or after the Initial Borrowing Date upon which the Borrower or any of its Subsidiaries receives any cash proceeds from any Recovery Event, an amount equal to 100% of the Net Cash Proceeds from such Recovery Event shall be applied as a
mandatory repayment in accordance with the requirements of Sections 5.02(h) and (i); provided, however, that such Net Cash Proceeds shall not be required to be so applied so long as no Default or Event of Default then exists and such
Net Cash Proceeds shall be used to purchase assets (other than inventory and working capital) used or to be used in the businesses permitted pursuant to Section 10.13 within 12 months following the date of the receipt of such Net Cash Proceeds
(or if the Borrower or such Subsidiary has entered into a binding commitment to reinvest prior to the last day of such 12-month period, within 18 months of such Recovery Event), and provided further, that if all or any portion of such Net
Cash Proceeds not required to be so applied pursuant to the preceding proviso are not so reinvested within such 12-month period or, if applicable, 18-month period (or such earlier date, if any, as the Borrower or the relevant Subsidiary determines
not to reinvest the Net Cash Proceeds relating to such Recovery Event as set forth above), such remaining portion shall be applied on the last day of such period (or such earlier date, as the case may be) as provided above in this
Section 5.02(g) without regard to the immediately preceding proviso. 
 (h) Each amount required to be applied pursuant to
Sections 5.02(c), (d), (e), (f), and (g) in accordance with this Section 5.02(h) shall be applied to repay the outstanding principal amount of Term Loans. The amount of each principal repayment of Term Loans made as required by Sections
5.02(c), (d), (e), (f) and (g) shall be applied to reduce the then remaining Scheduled Repayments on a pro rata basis (based upon the then outstanding principal amounts of such Scheduled Repayments after giving effect to all
prior reductions thereto). 

  
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 (i) With respect to each repayment of Loans required by this Section 5.02, the Borrower
may designate the Types of Loans of the respective Tranche which are to be repaid and, in the case of LIBOR Loans, the specific Borrowing or Borrowings of the respective Tranche pursuant to which such LIBOR Loans were made, provided that:
(i) repayments of LIBOR Loans pursuant to this Section 5.02 may only be made on the last day of an Interest Period applicable thereto unless all LIBOR Loans of the respective Tranche with Interest Periods ending on such date of required
repayment and all Base Rate Loans of the respective Tranche have been paid in full; (ii) if any repayment of LIBOR Loans made pursuant to a single Borrowing shall reduce the outstanding LIBOR Loans made pursuant to such Borrowing to an amount
less than the Minimum Borrowing Amount applicable thereto, such Borrowing shall be automatically converted into a Borrowing of Base Rate Loans; and (iii) each repayment of any Loans made pursuant to a Borrowing shall be applied pro
rata among such Loans. In the absence of a designation by the Borrower as described in the preceding sentence, the Administrative Agent shall, subject to the above, considering the Term Loans and the Revolving Loans being prepaid separately,
any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to LIBOR Loans, in each case in a manner that minimizes the amount of any payments required to be made by Company pursuant to
Section 2.11. 
 (j) In addition to any other mandatory repayments pursuant to this Section 5.02, (i) all then
outstanding Loans of a respective Tranche shall be repaid in full on the respective Maturity Date for such Tranche of Loans, and (ii) unless the Required Lenders otherwise agree in writing, all then outstanding Loans shall be repaid in full on
the date on which a Change of Control occurs. 
 5.03. Method and Place of Payment. Except as otherwise specifically
provided herein, all payments under this Agreement and under any Note shall be made to the Administrative Agent for the account of the Lender or Lenders entitled thereto not later than 12:00 Noon (New York City time) on the date when due and shall
be made in Dollars in immediately available funds at the Payment Office. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next
succeeding Business Day and, with respect to payments of principal, interest shall be payable at the applicable rate during such extension. 
 5.04. Net Payments. (a) All payments made by the Borrower hereunder and under any Note will be made without setoff, counterclaim or other defense. Except as provided in Section 5.04(b)
and 13.04, all such payments will be made free and clear of, and without deduction or withholding for, any present or future taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature now or hereafter imposed by any
jurisdiction or by any political subdivision or taxing authority thereof or therein with respect to such payments (but excluding, except as provided in the second succeeding sentence, (i) any tax imposed on or measured by the net income or net
profits (including franchise taxes, branch profit taxes or similar taxes measured by net income and imposed in lieu of a net income or net profits tax) of a Lender pursuant to the laws of the jurisdiction in which it is organized or the jurisdiction
in which the principal office or applicable lending office of such Lender is located or any subdivision thereof or therein and (ii) any United States federal withholding tax that would not have been imposed but for a failure by such recipient
(or any financial institution through which any payment is made to such recipient) to comply with the applicable requirements of FATCA) and all interest, penalties or similar liabilities with respect to such non-excluded taxes, levies, imposts,
duties, fees, assessments or other charges (all such non-excluded taxes, levies, imposts, duties, fees, assessments or other charges being referred to collectively as “Taxes”). If any Taxes are so levied or imposed, the Borrower
agrees to pay the full amount of such Taxes, and such additional amounts as may be necessary so that every payment of all amounts due under this Agreement or under any Note, after withholding or deduction for or on account of any Taxes, will not be
less than the amount of the payment provided for herein or in such Note. If any amounts are payable in respect of Taxes solely as a result of the preceding sentence, the 

  
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Borrower agrees to reimburse each Lender, upon the written request of such Lender, for taxes imposed on or measured by the net income or net profits of such Lender pursuant to the laws of the
jurisdiction in which such Lender is organized or in which the principal office or applicable lending office of such Lender is located or under the laws of any political subdivision or taxing authority of any such jurisdiction in which such Lender
is organized or in which the principal office or applicable lending office of such Lender is located and for any withholding of taxes as such Lender shall determine are payable by, or withheld from, such Lender, in respect of such amounts so paid to
or on behalf of such Lender solely as a result of the preceding sentence and in respect of any amounts paid to or on behalf of such Lender solely as a result of this sentence. The Borrower will furnish to the Administrative Agent within 45 days
after the date the payment of any Taxes is due pursuant to applicable law certified copies of tax receipts evidencing such payment by the Borrower. The Borrower agrees to indemnify and hold harmless each Lender, and reimburse such Lender upon its
written request, for the amount of any Taxes so levied or imposed and paid by such Lender. 
 (b) Each Lender that is not a
United States person (as such term is defined in Section 7701(a)(30) of the Code) (each, a “Foreign Lender”) for U.S. Federal income tax purposes agrees to deliver to the Borrower and the Administrative Agent on or prior to the
Effective Date or, in the case of a Lender that is an assignee or transferee of an interest under this Agreement pursuant to Section 2.13 or 13.04(b) (unless the respective Lender was already a Lender hereunder immediately prior to such
assignment or transfer), on the date of such assignment or transfer to such Lender, (i) two accurate and complete original signed copies of Internal Revenue Service Form W-8ECI or Form W-8BEN (with respect to a complete exemption under an
income tax treaty) (or successor forms) certifying to such Lender’s entitlement as of such date to a complete exemption from United States withholding tax with respect to payments to be made under this Agreement and under any Note, or
(ii) if the Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code and cannot deliver either Internal Revenue Service Form W-8ECI or Form W-8BEN (with respect to a complete exemption under an income tax
treaty) (or any successor forms) pursuant to clause (i) above, (x) a certificate substantially in the form of Exhibit C (any such certificate, a “Section 5.04(b)(ii) Certificate”) and (y) two accurate and complete
original signed copies of Internal Revenue Service Form W-8BEN (with respect to the portfolio interest exemption) (or successor form) certifying to such Lender’s entitlement as of such date to a complete exemption from United States withholding
tax with respect to payments of interest to be made under this Agreement and under any Note. In addition, each Foreign Lender shall, in the case of any payment made after December 31, 2012 in respect of any Loan, Note or Obligation that was not
treated as outstanding for purposes of FATCA on March 18, 2012, provide any forms, documentation, or other information as shall be prescribed by the IRS to demonstrate that the relevant Foreign Lender has complied with the applicable reporting
requirements of FATCA so that such payments made to such Foreign Lender hereunder would not be subject to U.S. federal withholding taxes imposed by FACTA. In addition, each Lender agrees that from time to time after the Effective Date, when a lapse
in time or change in circumstances renders the previous certification obsolete or inaccurate in any material respect, such Lender will deliver to the Borrower and the Administrative Agent two new accurate and complete original signed copies of
Internal Revenue Service Form W-8ECI, Form W-8BEN (with respect to the benefits of any income tax treaty), or Form W-8BEN (with respect to the portfolio interest exemption) and a Section 5.04(b)(ii) Certificate, as the case may be, and such
other forms as may be required in order to confirm or establish the entitlement of such Lender to a continued exemption from or reduction in United States withholding tax with respect to payments under this Agreement and any Note, or such Lender
shall immediately notify the Borrower and the Administrative Agent of its inability to deliver any such Form or Certificate, in which case such Lender shall not be required to deliver any such Form or Certificate pursuant to this
Section 5.04(b). Notwithstanding anything to the contrary contained in Section 5.04(a), but subject to Section 13.04(b) and the immediately succeeding sentence, (x) the Borrower shall be entitled, to the extent it is required to
do so by law, to deduct or withhold income or similar taxes imposed by the United States (or any political subdivision or taxing authority thereof or 

  
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therein) from interest, Fees or other amounts payable hereunder for the account of any Foreign Lender to the extent that such Foreign Lender has not provided to the Borrower U.S. Internal Revenue
Service Forms that establish a complete exemption from such deduction or withholding and (y) the Borrower shall not be obligated pursuant to Section 5.04(a) to gross-up payments to be made to a Lender in respect of income or similar taxes
imposed by the United States if (I) such Lender has not provided to the Borrower the Internal Revenue Service Forms required to be provided to the Borrower pursuant to this Section 5.04(b) or (II) in the case of a payment, other than
interest, to a Lender described in clause (ii) above, to the extent that such forms do not establish a complete exemption from withholding of such taxes. Notwithstanding anything to the contrary contained in the preceding sentence or elsewhere
in this Section 5.04 and except as set forth in Section 13.04(b), the Borrower agrees to pay any additional amounts and to indemnify each Lender in the manner set forth in Section 5.04(a) (without regard to the identity of the
jurisdiction requiring the deduction or withholding) in respect of any amounts deducted or withheld by it as described in the immediately preceding sentence as a result of any changes that are effective after the Effective Date in any applicable
law, treaty, governmental rule, regulation, guideline or order, or in the interpretation thereof, relating to the deducting or withholding of such Taxes. 
 (c) If the Administrative Agent, any Eligible Transferee or any Lender determines, in its sole discretion, that it has received a refund of any Taxes as to which it has been indemnified by the Borrower or
with respect to which the Borrower has paid additional amounts pursuant to this Section 5.04, it shall pay over such refund to the Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under
this Section 5.04 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent, such Eligible Transferee or such Lender and without interest (other than any interest paid by the relevant
Governmental Authority with respect to such refund); provided, that the Borrower, upon the request of the Administrative Agent, such Eligible Transferee or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, such Eligible Transferee or such Lender in the event the Administrative Agent, such Eligible Transferee or such Lender is required to repay such
refund to such Governmental Authority. 
 SECTION 6. Conditions Precedent to Credit Events on the Initial Borrowing Date.

 The obligation of each Lender to make Loans on the Initial Borrowing Date, is subject at the time of the making of such Loans
to the satisfaction of the following conditions: 
 6.01. Effective Date; Notes. On or prior to the Initial
Borrowing Date, (i) the Effective Date shall have occurred as provided in Section 13.10 and (ii) there shall have been delivered to the Administrative Agent for the account of each of the Lenders that has requested same the
appropriate Term Note and/or Revolving Note executed by the Borrower in the amount, maturity and as otherwise provided herein. 

6.02. Representations and Warranties. Subject to the limitations set forth below, at the time of each such Credit Event on the
Initial Borrowing Date and also after giving effect thereto, all representations and warranties (i) made by the Borrower, the Target and their respective Subsidiaries under Sections 8.01, 8.02 (solely with respect to the Credit Documents),
8.03(i) (solely with respect to the Credit Documents and clause (iii) of the defined term “Transaction”), 8.03(iii) (solely with respect to the Credit Documents and clause (iii) of the defined term “Transaction”),
8.05(b), 8.08(c), 8.11, 8.15 and 8.22 (collectively, the “Specified Representations”) shall be true and correct in all material respects (it being understood and agreed that (x) any such representation or warranty which by its
terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date and (y) any such representation or warranty that is qualified as to “materiality,” “Material
Adverse Effect” 

  
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or similar language shall be true and correct in all respects on such date), (ii) under Section 8.21 shall be true and correct and (iii) subject to Sections 6.09(b) and 6.11(b),
made by the Borrower and its Subsidiaries (other than Target and its Subsidiaries) under Section 8 (other than the representations and warranties specified in clauses (i) and (ii) above) shall be true and correct in all material
respects (it being understood and agreed that (x) any such representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date and
(y) any such representation or warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct in all respects on such date), provided that no representation by
the Borrower and its Subsidiaries relating to any Material Adverse Effect on the Borrower and its Subsidiaries shall be required as a condition to the making of Loans on the Initial Borrowing Date. 

6.03. Officer’s Certificate. On the Initial Borrowing Date, the Administrative Agent shall have received a certificate,
substantially in the form of Exhibit E, dated the Initial Borrowing Date and signed on behalf of the Borrower by an Authorized Officer of the Borrower, certifying on behalf of the Borrower that all of the conditions in Sections 6.06 through 6.08,
inclusive, and 7.01(i) have been satisfied on such date. 
 6.04. Opinions of Counsel. On the Initial Borrowing Date, the
Administrative Agent shall have received (i) from Wilson Sonsini Goodrich & Rosati, special counsel to the Credit Parties, an opinion addressed to the Administrative Agent, the Collateral Agent and each of the Lenders and dated the
Initial Borrowing Date covering such matters incident to the transactions contemplated herein as the Administrative Agent may reasonably request, (ii) from such local counsel, reasonably acceptable to the Administrative Agent, in each
jurisdiction where a Credit Party is “located” for purposes of Section 9-307 of the UCC and/or organized (other than Maryland and Ohio), in each case, an opinion in form and substance reasonably satisfactory to the Administrative
Agent addressed to the Administrative Agent, the Collateral Agent and each of the Lenders and dated the Initial Borrowing Date covering such matters incident to the transactions contemplated herein as the Administrative Agent may reasonably request,
(iii) from WeirFoulds LLP, special Canadian counsel to the Canadian Subsidiary Guarantors, an opinion, in form and substance reasonably satisfactory to the Administrative Agent, addressed to the Administrative Agent and each of the Lenders and
dated the Initial Borrowing Date covering such matters incident to the transactions contemplated herein as the Administrative Agent may reasonably request, and (iv) from local counsel in each state, province and territory in which a Mortgaged
Property is located, an opinion in form and substance reasonably satisfactory to the Collateral Agent addressed to the Collateral Agent in its capacity as such, and each of the Lenders, dated the Initial Borrowing Date and covering the
enforceability of each Mortgage and such related matters as the Collateral Agent may reasonably request. 
 6.05. Company
Documents; Proceedings; etc. (a) On the Initial Borrowing Date, the Administrative Agent shall have received a certificate from each Credit Party, dated the Initial Borrowing Date, signed by the Chairman of the Board, the Chief Executive
Officer, the President or any Vice President of such Credit Party, and attested to by the Secretary or any Assistant Secretary of such Credit Party, in the form of Exhibit E with appropriate insertions, together with copies of the certificate or
articles of incorporation and by-laws (or other equivalent organizational documents), unanimous shareholder declarations (solely with respect to Canadian Subsidiary Guarantors) or shareholder agreements (solely with respect to Canadian Subsidiary
Guarantors), as applicable, of such Credit Party and the resolutions of such Credit Party referred to in such certificate. 

(b) On the Initial Borrowing Date, the Administrative Agent shall have received copies of all records of Company proceedings, good
standing certificates and bring-down telegrams or facsimiles, if any, which the Administrative Agent reasonably may have requested, such documents and papers where appropriate to be certified by proper Company or Governmental Authorities.

  
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 6.06. Consummation of Acquisition, Financing Transactions; etc. (a) The
Administrative Agent shall have received a true and correct copy of the Acquisition Agreement, duly executed by the parties thereto (together with all exhibits and schedules thereto), and which shall be in full force and effect. 

(b) The Administrative Agent shall have reviewed, and be reasonably satisfied with, the final structure, terms and conditions and
documentation relating to the Acquisition, including the Acquisition Agreement, and the Transaction (it being understood that the Administrative Agent is satisfied with the draft acquisition agreement dated March 27, 2011 received by the Lead
Arranger at approximately 7:20 p.m. (New York Time) on March 27, 2011). The Acquisition and the Transaction shall be consummated substantially concurrently with the initial funding of the Loans in compliance with applicable law and in
accordance with the Acquisition Documents, without waiver or amendment thereof or any consent thereunder (including any change in the purchase price) to the extent such waiver, amendment or consent is or would be adverse to the interests of the
Lenders in any material respect, unless consented to by the Lead Arranger. 
 (c) Prior to giving effect to the Acquisition, the
Borrower and its Subsidiaries shall have cash on hand of no less than $100,000,000. 
 6.07. Consummation of the
Refinancing. Immediately following the consummation of the Transaction, neither Borrower nor any of its Subsidiaries shall have any indebtedness for borrowed money other than (a) Permitted Indebtedness, (b) indebtedness of the Target
and its Subsidiaries permitted under the Acquisition Agreement and listed on Schedule 10.04 to the Disclosure Letter, and (c) certain other indebtedness existing on the Effective Date as listed on Schedule 10.04 to the Disclosure Letter (with
the Indebtedness described in this clause (c) being herein called the “Existing Indebtedness”). The Administrative Agent shall have received satisfactory evidence of repayment of all indebtedness to be repaid on the Initial
Borrowing Date and the discharge (or the making of arrangements for discharge) of all Liens other than Permitted Liens. Without limiting the foregoing, there shall have been delivered to the Administrative Agent (x) proper termination
statements (Form UCC-3 or the appropriate equivalent in each relevant jurisdiction) for filing under the UCC or equivalent statute or regulation of each jurisdiction where a financing statement or application for registration (Form UCC-1 or the
appropriate equivalent in each relevant jurisdiction) was filed with respect to the Borrower or any of its Subsidiaries in connection with the security interests created with respect to the Indebtedness to be refinanced, (y) terminations or
reassignments of any security interest in, or Lien on, any patents, trademarks, copyrights, or similar interests of the Borrower or any of its Subsidiaries on which filings have been made, in each case, to secure the obligations under the
Indebtedness to be refinanced and (z) terminations of all mortgages, leasehold mortgages, hypothecs and deeds of trust created with respect to property of the Borrower or any of its Subsidiaries, in each case, to secure the obligations under
the Indebtedness to be refinanced, all of which shall be in form and substance reasonably satisfactory to the Administrative Agent. 
 6.08. Adverse Change, Approvals. (a) Since November 30, 2010, there shall not have been any Effect that, individually or in the aggregate, has had or would be reasonably expected to
have a Closing Date Material Adverse Effect. 
 (b) The Transaction shall be in compliance, in all material respects, with all
applicable U.S., foreign, federal, state and local laws and regulations, and there shall be no legal bar to the consummation of the Transaction. 
 6.09. U.S. Guaranty and Collateral Agreement. (a) On the Initial Borrowing Date, the Borrower and each direct and indirect Wholly-Owned Domestic Subsidiary of the Borrower (other

  
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than Immaterial Subsidiaries) shall have duly authorized, executed and delivered a U.S. Guaranty and Collateral Agreement in the form of Exhibit F-1 (as amended, modified, restated and/or
supplemented from time to time, the “U.S. Guaranty and Collateral Agreement”) covering all of such Credit Party’s U.S. GCA Collateral, together with (subject to clause (b) below): 

(i) the delivery of proper financing statements (Form UCC-1 or the equivalent) fully completed for filing under the UCC or
other appropriate filing offices of each jurisdiction as may be necessary or, in the reasonable opinion of the Collateral Agent, desirable, to perfect the security interests purported to be created by the U.S. Guaranty and Collateral Agreement in
such U.S. GCA Collateral a security interest in which may be perfected by such a filing; 
 (ii) to the extent
required by the U.S. Guaranty and Collateral Agreement, (x) any certificates representing Pledged Stock (as defined in the U.S. Guaranty and Collateral Agreement), together with executed and undated endorsements of transfer and (y) any
promissory notes, together with executed and undated allonges; 
 (iii) certified copies of requests for
information or copies (Form UCC-11) or equivalent reports as of a recent date, listing all effective financing statements that name any U.S. Credit Party as debtor and that are filed in the jurisdictions where the applicable financing statements
referred to in clause (i) above will be filed, together with copies of such other financing statements that name any U.S. Credit Party as debtor in any such jurisdiction (none of which shall cover any of the U.S. GCA Collateral except
(x) to the extent evidencing Permitted Liens or (y) those in respect of which the Collateral Agent shall have received termination statements (Form UCC-3) (or the authority to file the same) or such other termination statements as shall be
required by local law fully executed for filing); and 
 (iv) evidence of the completion of all other recordings
and filings of, or with respect to, the U.S. Guaranty and Collateral Agreement as may be necessary to perfect the security interests intended to be created by the U.S. Guaranty and Collateral Agreement. 

(b) Notwithstanding anything to the contrary contained in this Section 6, to the extent any U.S. GCA Collateral is not provided (or
any related required actions under Section 6.04, 6.09 or 6.11 are not taken) on the Initial Borrowing Date after the U.S. Credit Parties’ use of commercially reasonable efforts to do so or cannot be so provided or taken without undue
burden or expense, the delivery of such U.S. GCA Collateral (and the taking of the related required actions) shall not constitute a condition precedent to the extensions of credit under this Agreement on the Initial Borrowing Date but shall instead
be required to be delivered (or taken) after the Initial Borrowing Date in accordance with the requirements of Section 9.12, except that (A) with respect to the perfection of security interests in UCC Financing Collateral, such Credit
Party shall be obligated to deliver or cause to be delivered, necessary UCC financing statements to the Administrative Agent or to irrevocably authorize and to cause the applicable U.S. Credit Parties to irrevocably authorize, the Administrative
Agent to file necessary UCC financing statements and (B) with respect to perfection of security interests in Stock Certificates, such U.S. Credit Party shall be obligated to use commercially reasonable efforts to deliver to the Administrative
Agent Stock Certificates together with undated stock powers in blank. 

  
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 6.10. Canadian Guaranty and Collateral Agreement. (a) On the Initial Borrowing
Date, each direct and indirect Wholly-Owned Canadian Subsidiary of the Borrower (other than Immaterial Subsidiaries) shall have duly authorized, executed and delivered a Canadian Guaranty and Collateral Agreement in the form of Exhibit F-2
(as amended, modified, restated and/or supplemented from time to time, the “Canadian Guaranty and Collateral Agreement”) covering all of such Credit Party’s Canadian GCA Collateral, together with (subject to clause
(b) below): 
 (i) the delivery of proper financing statements or similar notices as shall be required by
local law, registered under the PPSA of each jurisdiction as may be necessary or, in the reasonable opinion of the Collateral Agent, desirable, to perfect the security interests purported to be created by the Canadian Guaranty and Collateral
Agreement; 
 (ii) to the extent required by the Canadian Guaranty and Collateral Agreement, (x) any
certificates representing Pledged Stock (as defined in the Canadian Guaranty and Collateral Agreement), together with executed and undated endorsements of transfer and (y) any promissory notes, together with executed and undated allonges;

 (iii) PPSA inquiry response certificates certified by the applicable Governmental Authority and any other
equivalent certificate or search report in any other province or territory, listing all effective financing statements that name any Canadian Subsidiary Guarantor, or a division or other operating unit of any such Person, as debtor and that are
filed in the jurisdictions referred to in clause (i) above, together with evidence of the discharge (by a PPSA Form 2-C or such other termination statements as shall be required by local law) of all Liens other than Permitted Liens and
acknowledgments and confirmations from secured creditors of such Canadian Subsidiary Guarantor as reasonably requested by the Collateral Agent; and 
 (iv) evidence of the completion of all other recordings and filings of, or with respect to, the Canadian Guaranty and Collateral Agreement as may be necessary to perfect the security interests intended to
be created by the Canadian Guaranty and Collateral Agreement. 
 (b) Notwithstanding anything to the contrary contained in this
Section 6, to the extent any Canadian GCA Collateral is not provided (or any related required actions under Section 6.04, 6.10 or 6.11 are not taken) on the Initial Borrowing Date after the Canadian Subsidiary Guarantors’ use of
commercially reasonable efforts to do so or cannot be so provided or taken without undue burden or expense, the delivery of such Canadian GCA Collateral (and the taking of the related required actions) shall not constitute a condition precedent to
the extensions of credit under this Agreement on the Initial Borrowing Date but shall instead be required to be delivered (or taken) after the Initial Borrowing Date in accordance with the requirements of Section 9.12, except that (A) with
respect to the perfection of security interests in PPSA Filing Collateral, such Credit Party shall be obligated to deliver or cause to be delivered, necessary PPSA financing statements to the Administrative Agent or to irrevocably authorize and to
cause the applicable Canadian Subsidiary Guarantors to irrevocably authorize, the Administrative Agent to file necessary PPSA financing statements and (B) with respect to perfection of security interests in Stock Certificates, such Canadian
Subsidiary Guarantor shall be obligated to use commercially reasonable efforts to deliver to the Administrative Agent Stock Certificates together with undated stock powers in blank. 

6.11. Mortgage; Title Insurance; Survey; Landlord Waivers; etc. (a) On the Initial Borrowing Date, the Collateral Agent shall have
received: 
 (i) fully executed counterparts of Mortgages and corresponding UCC fixture filings, in form and
substance reasonably satisfactory to the Collateral Agent, which Mortgages and UCC fixture filings shall cover each Real Property owned by the Borrower or any of its Subsidiaries and designated as a “Mortgaged Property” on Schedule 8.12 to
the Disclosure Letter, together with evidence that counterparts of such Mortgages and UCC fixture filings have been delivered to the title insurance company insuring the Lien of such Mortgage for recording; 

(ii) a Mortgage policy relating to each Mortgage of the Mortgaged Property referred to above, issued by Chicago Title
Insurance Company or another title insurer reasonably 

  
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satisfactory to the Collateral Agent, in an insured amount satisfactory to the Collateral Agent and insuring the Collateral Agent that the Mortgage on each such Mortgaged Property is a valid and
enforceable first priority mortgage lien on such Mortgaged Property, free and clear of all defects and encumbrances except Permitted Encumbrances, with each such Mortgage Policy (1) to be in form and substance reasonably satisfactory to the
Collateral Agent, (2) to include, to the extent available in the applicable jurisdiction, supplemental endorsements (including, without limitation, endorsements relating to future advances under this Agreement and the Loans, usury, first loss,
tax parcel, subdivision, zoning, contiguity, variable rate, doing business, public road access, survey, environmental lien, mortgage tax and so-called comprehensive coverage over covenants and restrictions and for any other matters that the
Collateral Agent in its discretion may reasonably request), (3) to not include the “standard” title exceptions, a survey exception or an exception for mechanics’ liens, and (4) to provide for affirmative insurance and such
reinsurance or coinsurance as the Collateral Agent in its discretion may reasonably request; 
 (iii) to induce
the title company to issue the Mortgage Policies referred to in preceding clause (ii), such affidavits, certificates, information and instruments of indemnification (including, without limitation, a so-called “gap” indemnification) as
shall be required by the Title Company, together with payment by the Borrower of all Mortgage Policy premiums, search and examination charges, mortgage recording taxes, fees, charges, costs and expenses required for the recording of such Mortgages
and issuance of such Mortgage Policies; 
 (iv) a survey of each Mortgaged Property sufficient for the title
company to remove all standard survey exceptions from the Mortgage Policy relating to such Mortgaged Property and issue the endorsements required pursuant to the provisions of Section 6.11(ii) above; 

(v) to the extent obtainable on or prior to the Initial Borrowing Date, fully executed landlord waivers and/or bailee
agreements in respect of those Leaseholds of the Borrower or any of its Subsidiaries designated as “Leaseholds Subject to Landlord Waivers” on Schedule 8.12 to the Disclosure Letter, each of which landlord waivers and/or bailee agreements
shall be in form and substance reasonably satisfactory to the Collateral Agent; 
 (vi) to the extent requested
by the Administrative Agent, copies of all leases in which the Borrower or any of its Subsidiaries holds the lessor’s interest or other agreements relating to possessory interests in the Mortgaged Property, if any; provided that, to the
extent any of the foregoing affect such Mortgaged Property, to the extent requested by the Administrative Agent, such agreements shall be subordinate to the Lien of the Mortgage to be recorded against such Mortgaged Property, either expressly by its
terms or pursuant to a subordination, non-disturbance and attornment agreement (with any such agreement being reasonably acceptable to the Administrative Agent); and 

(vii) a “life of loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to
each Mortgaged Property, in form and substance acceptable to the Administrative Agent (together with notice about special flood hazard area status and flood disaster assistance, duly executed by the Borrower and any applicable Subsidiary and
evidence of flood insurance, in the event any improved parcel of Mortgaged Property is located in a special flood hazard area). 

(b) Notwithstanding anything to the contrary contained in this Section 6, to the extent any Mortgage of a Mortgaged Property is not
provided (or any related required actions under this Section 6.11 or Section 6.04 are not taken) on the Initial Borrowing Date after the Credit Parties’ use of its commercially reasonable efforts to do so or without undue burden or
expense, the delivery of such 

  
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Mortgages (and the taking of the related required actions) shall not constitute a condition precedent to the extensions of credit under this Agreement on the Initial Borrowing Date but shall
instead be required to be delivered (or taken) after the Initial Borrowing Date in accordance with the requirements of Section 9.12, except that with respect to the perfection of security interests in UCC fixture filing Collateral, such Credit
Party shall be obligated to deliver or cause to be delivered, UCC fixture filings to the Administrative Agent or to irrevocably authorize and to cause the applicable Credit Parties to irrevocably authorize, the Administrative Agent to file necessary
UCC fixture filings. 
 6.12. Financial Statements; Pro Forma Balance Sheet; Projections. On or prior to the Initial
Borrowing Date, the Administrative Agent shall have received true and correct copies of the historical financial statements, the pro forma financial statements and the Projections referred to in Sections 8.05(a) and (d). 

6.13. Solvency Certificate; Insurance Certificates, etc. On the Initial Borrowing Date, the Administrative Agent shall have
received: 
 (i) a solvency certificate from the chief executive officer or chief financial officer of the
Borrower in the form of Exhibit G hereto; and 
 (ii) certificates of insurance complying with the requirements
of Section 9.03 for the business and properties of the Borrower and its Subsidiaries, in form and substance reasonably satisfactory to the Administrative Agent and naming the Collateral Agent as an additional insured and/or as loss payee.

 6.14. Fees, etc. On the Initial Borrowing Date, the Borrower shall have paid to the Administrative Agent (and its
relevant affiliates) and each Lender all costs, fees and expenses (including, without limitation, legal fees and expenses and the fees and expenses of any other advisors) and other compensation contemplated hereby payable to the Administrative Agent
or such Lender to the extent then due and invoiced at least two Business Days prior to such date with reasonable supporting documentation. 
 6.15. Patriot Act. The Administrative Agent and the Lenders shall have received all documentation and other information requested by the Administrative Agent or the respective Lenders that is
required by bank regulatory authorities under the applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act. 
 In determining the satisfaction of the conditions specified in this Section 6, to the extent any item is required to be satisfactory to any Lender, such item shall be deemed satisfactory to each
Lender which has not notified the Administrative Agent in writing prior to the occurrence of the Initial Borrowing Date that the respective item or matter does not meet its satisfaction. Upon the Administrative Agent’s good faith determination
that the conditions specified in this Section 6 have been met (after giving effect to the preceding sentence), then the Initial Borrowing Date shall have been deemed to have occurred, regardless of any subsequent determination that one or more
of the conditions thereto had not been met (although the occurrence of the Initial Borrowing Date shall not release the Borrower from any liability for failure to satisfy one or more of the applicable conditions contained in this Section 6).

  
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 SECTION 7. Conditions Precedent to All Credit Events. 

The obligation of each Lender to make Loans is subject, at the time of each such Credit Event (except as hereinafter indicated), to the
satisfaction of the following conditions: 
 7.01. No Default; Representations and Warranties. At the time of each such
Credit Event and also after giving effect thereto (i) there shall exist no Default or Event of Default and (ii) all representations and warranties contained herein and in the other Credit Documents shall be true and correct in all material
respects with the same effect as though such representations and warranties had been made on the date of such Credit Event (it being understood and agreed that (x) any representation or warranty which by its terms is made as of a specified date
shall be required to be true and correct in all material respects only as of such specified date, (y) any representation or warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall
be true and correct in all respects on such date), and (z) notwithstanding anything herein to the contrary, this Section 7.01(ii) shall have no application to any Credit Event on the Initial Borrowing Date and shall not constitute a
condition to the obligation of each Lender to make Loans on the Initial Borrowing Date). 
 7.02. Notice of Borrowing.
Prior to the making of each Loan, the Administrative Agent shall have received a Notice of Borrowing meeting the requirements of Section 2.03(a). 
 The acceptance of the benefits of each Credit Event shall constitute a representation and warranty by the Borrower to the Administrative Agent and each of the Lenders that all the conditions specified in
Section 6 (with respect to Credit Events on the Initial Borrowing Date) and in this Section 7 (with respect to Credit Events on or after the Initial Borrowing Date) and applicable to such Credit Event are satisfied as of that time. All of
the Notes, certificates, legal opinions and other documents and papers referred to in Section 6 and in this Section 7, unless otherwise specified, shall be delivered to the Administrative Agent at the Notice Office for the account of each
of the Lenders and, except for the Notes, in sufficient counterparts or copies for each of the Lenders. 
 SECTION 8.
Representations, Warranties and Agreements. 
 In order to induce the Lenders to enter into this Agreement and to make
the Loans, the Borrower makes the following representations, warranties and agreements, in each case (i) after giving effect to the Transaction and (ii) subject to the qualifications in Sections 6.02 and 7.01, all of which shall survive
the execution and delivery of this Agreement and the Notes and the making of the Loans, with the occurrence of each Credit Event on or after the Initial Borrowing Date being deemed to constitute a representation and warranty that the matters
specified in this Section 8 are true and correct in all material respects on and as of the Initial Borrowing Date and on the date of each such other Credit Event (it being understood and agreed that (x) any representation or warranty which
by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date and (y) any representation or warranty that is qualified as to “materiality,” “Material
Adverse Effect” or similar language shall be true and correct in all respects on such date). 
 8.01. Organization;
Powers. Each of the Borrower and its Subsidiaries (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (ii) has all requisite power and authority to own its property and
assets and to transact the business in which it is engaged and presently proposes to engage and (iii) is duly qualified and is authorized to do business and is in good standing in each jurisdiction where the ownership, leasing or operation of
its property or the conduct of its business requires such qualifications except for failures to be so qualified or authorized which, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 8.02. Authorization; Enforceability. Each Credit Party has the Company power and authority to execute, deliver and
perform the terms and provisions of each of the Documents to which it is party and has taken all necessary Company action to authorize the execution, delivery and performance by it of each of such Documents. Each Credit Party has duly executed and
delivered each of 

  
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the Documents to which it is party, and each of such Documents constitutes its legal, valid and binding obligation enforceable in accordance with its terms, except to the extent that the
enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in
equity or at law). 
 8.03. No Violation. Neither the execution, delivery or performance by any Credit Party of the
Documents to which it is a party, nor the consummation of the Transaction, nor compliance by it with the terms and provisions thereof, (i) will contravene any provision of any law, statute, rule or regulation or any order, writ, injunction or
decree of any court or Governmental Authority, (ii) will conflict with or result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the
obligation to create or impose) any Lien (except pursuant to the Security Documents) upon any of the property or assets of any Credit Party pursuant to the terms of any indenture, mortgage, deed of trust, credit agreement or loan agreement, or any
other material agreement, contract or instrument, in each case to which any Credit Party is a party or by which it or any its property or assets is bound or to which it may be subject, or (iii) will violate any provision of the certificate or
articles of incorporation, certificate of formation, limited liability company agreement or by-laws (or equivalent organizational documents), as applicable, of any Credit Party. 

8.04. Approvals. No order, consent, approval, license, authorization or validation of, or filing, recording or registration with
(except for (x) those that have otherwise been obtained or made on or prior to the Initial Borrowing Date and which remain in full force and effect on the Initial Borrowing Date and (y) filings which are necessary to perfect the security
interests created under the Security Documents, which filings will be made within ten days following the Initial Borrowing Date unless otherwise permitted under this Agreement or any other Credit Document), or exemption by, any Governmental
Authority is required to be obtained or made by, or on behalf of, any Credit Party to authorize, or is required to be obtained or made by, or on behalf of, any Credit Party in connection with, (i) the execution, delivery and performance of any
Document or (ii) the legality, validity, binding effect or enforceability of any such Document. 
 8.05. Financial
Statements; Financial Condition; Undisclosed Liabilities; Projections. (a)(i) (I) The audited consolidated balance sheet of the Borrower for the fiscal years ending May 31, 2009, and May 31, 2010, and the related consolidated
statements of income and cash flows and changes in shareholders’ equity of the Borrower for the fiscal years of the Borrower ended on such dates, (II) the audited consolidated balance sheet of SenDEC Corporation (“SenDEC”) for
the fiscal years ending July 31, 2009, and July 31, 2010, and the related consolidated statements of income and cash flows and changes in shareholders’ equity of SenDEC for the fiscal years of SenDEC ended on such dates, and (III) the
audited consolidated balance sheet of the Target for the fiscal years ending November 30, 2009 and November 30, 2010, and the statements of income and cash flows and changes in shareholders’ equity of the Target for the fiscal years
of the Target ending on such dates, in each case furnished to the Lenders prior to the Effective Date, present fairly in all material respects the consolidated financial position of the Borrower, SenDEC and the Target, respectively, at the date of
said financial statements and the results for the respective periods covered thereby. All such financial statements have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes to said financial
statements and subject, in the case of the unaudited financial statements, to normal year-end audit adjustments (none of which, individually or in the aggregate, are expected to be material) and the absence of footnotes. 

(ii) The pro forma consolidated financial statements of the Borrower, its Subsidiaries (including SenDEC) and Target
furnished to the Lenders prior to the Initial Borrowing Date, present a good faith estimate of both the pro forma consolidated financial position of the Borrower, its 

  
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Subsidiaries (including SenDEC) and Target as of such date and the pro forma consolidated results of operations of the Borrower, its Subsidiaries (including SenDEC) and Target for
the period covered thereby. 
 (b) On and as of the date of the Initial Borrowing Date, and after giving effect to the
Transaction and to all Indebtedness (including the Loans) being incurred or assumed on such date, the Borrower on a consolidated basis with its Subsidiaries will be Solvent. 
 (c) Except as fully disclosed in the financial statements delivered pursuant to Section 8.05(a), and except for the Indebtedness incurred under this Agreement, there were as of the Initial Borrowing
Date no liabilities or obligations with respect to the Borrower or any of its Subsidiaries of any nature whatsoever (whether absolute, accrued, contingent or otherwise and whether or not due) which, either individually or in the aggregate, could
reasonably be expected to be material to the Borrower and its Subsidiaries taken as a whole. As of the Initial Borrowing Date, the Borrower does not know of any basis for the assertion against it or any of its Subsidiaries of any liability or
obligation of any nature whatsoever that is not fully disclosed in the financial statements delivered pursuant to Section 8.05(a) or referred to in the immediately preceding sentence which, either individually or in the aggregate, could
reasonably be expected to be material to the Borrower and its Subsidiaries taken as a whole. 
 (d) The Projections delivered to
the Administrative Agent and the Lenders prior to the Initial Borrowing Date have been prepared in good faith and were based on reasonable assumptions at the time made, and there are no material statements or conclusions in the Projections which are
based upon or include factual information known to the Borrower to be misleading in any material respect or which fail to take into account material factual information known to the Borrower regarding the matters reported therein, it being
recognized and acknowledged by the Lenders, however, that projections as to future events (including the Projections) are not to be viewed as facts and that the actual results during the period or periods covered by the Projections may differ from
the projected results included in such Projections. 
 (e) In the case of representations and warranties made after the Initial
Borrowing Date only, since November 30, 2010, but for this purpose treating the Transaction as if same had been consummated prior thereto, there has been no change in the business, assets, operations or financial condition of the Borrower and
its Subsidiaries, taken as a whole, which could reasonably be expected to have a Material Adverse Effect. 
 (f) Since
November 30, 2010, there has not been any Effect that individually or in the aggregate, has had a Closing Date Material Adverse Effect. 
 8.06. Litigation. There are no actions, suits or proceedings pending or, to the knowledge of the Borrower, threatened in writing (i) on the Initial Borrowing Date with respect to the
Transaction or any Document, except as set forth in Schedule 8.06 to the Disclosure Letter or (ii) that has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 

8.07. True and Complete Disclosure. All factual information (taken as a whole) furnished by or on behalf of the Borrower in
writing to the Administrative Agent or any Lender (including, without limitation, all information contained in the Documents) for purposes of, or in connection with, this Agreement, the other Credit Documents or any transaction contemplated herein
or therein is, and all other such factual information (taken as a whole) hereafter furnished by or on behalf of the Borrower in writing to the Administrative Agent or any Lender will be, true and accurate in all material respects on the date as of
which such information is dated or certified and not incomplete by 

  
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omitting to state any fact necessary to make such information (taken as a whole) not misleading in any material respect at such time in light of the circumstances under which such information was
provided, it being understood and agreed that for purposes of this Section 8.07, such factual information shall not include the Projections or any pro forma financial information. 

8.08. Use of Proceeds; Margin Regulations. (a) All proceeds of the Term Loans will be used by the Borrower to finance the
Acquisition and the Refinancing, and to pay fees and expenses incurred in connection with the Transaction. 
 (b) All proceeds
of the Revolving Loans will be used for the working capital and general corporate purposes (including Permitted Acquisitions) of the Borrower and its Subsidiaries. 
 (c) No part of any Credit Event (or the proceeds thereof) will be used to purchase or carry any Margin Stock or to extend credit for the purpose of purchasing or carrying any Margin Stock. Neither the
making of any Loan nor the use of the proceeds thereof nor the occurrence of any other Credit Event will violate or be inconsistent with the provisions of Regulation T, U or X of the Board of Governors of the Federal Reserve System. 

8.09. Tax Returns and Payments. The Borrower and each of its Subsidiaries has timely filed or caused to be timely filed with the
appropriate taxing authority all returns, statements, forms and reports for taxes (the “Returns”) required to be filed by, or with respect to the income, properties or operations of, the Borrower and/or any of its Subsidiaries that
relate to a material amount of taxes. The Returns accurately reflect in all material respects all liability for taxes of each Borrower and its Subsidiaries, as applicable, for the periods covered thereby. The Borrower and each of its Subsidiaries
has paid all taxes and assessments payable by it which have become due, other than those that are being contested in good faith and adequately disclosed and fully provided for on the financial statements of each Credit Party and its Subsidiaries in
accordance with GAAP. There is no material action, suit, proceeding, investigation, audit or claim now pending or, to the best knowledge of the Borrower or any of its Subsidiaries, threatened by any authority regarding any taxes relating to each
Credit Party or any of its Subsidiaries. As of the Initial Borrowing Date, neither the Borrower nor any of its Subsidiaries has entered into an agreement or waiver or been requested to enter into an agreement or waiver extending any statute of
limitations relating to the payment or collection of taxes of the Borrower or any of its Subsidiaries, or is aware of any circumstances that would cause the taxable years or other taxable periods of the Borrower or any of its Subsidiaries not to be
subject to the normally applicable statute of limitations. 
 8.10. Compliance with ERISA. (a) Schedule 8.10 to the
Disclosure Letter sets forth each Plan as of the Initial Borrowing Date. Each Plan is in compliance in form and operation with its terms and with ERISA and the Code (including without limitation the Code provisions compliance with which is necessary
for any intended favorable tax treatment) and all other applicable laws and regulations, except where any failure to comply could not reasonably be expected to have a Material Adverse Effect. Each Plan (and each related trust, if any) which is
intended to be qualified under Section 401(a) of the Code has received a favorable determination letter from the IRS to the effect that it meets the requirements of Sections 401(a) and 501(a) of the Code covering all applicable tax law changes
or is comprised of a master or prototype plan that has received a favorable opinion letter from the IRS, and to the knowledge of the Borrower or any of its Subsidiaries, nothing has occurred since the date of such determination that would reasonably
be expected to adversely affect such determination (or, in the case of a Plan with no determination, to the knowledge of the Borrower or any of its Subsidiaries, nothing has occurred that would reasonably be expected to materially adversely affect
the issuance of a favorable determination letter or otherwise materially adversely affect such qualification). No ERISA Event has occurred other than as would not, individually or in the aggregate, have a Material Adverse Effect. 

  
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 (b) There exists no Unfunded Pension Liability with respect to any Plan that would have a
Material Adverse Effect. 
 (c) To the knowledge of the Borrower or any of its Subsidiaries, no Multiemployer Plan is insolvent
or in reorganization. None of the Borrower or any of its Subsidiaries or any ERISA Affiliate has incurred a complete or partial withdrawal from any Multiemployer Plan, and, if each of the Borrower, any of its Subsidiaries and each ERISA Affiliate
were to withdraw in a complete withdrawal as of the date this assurance is given or deemed given, the aggregate withdrawal liability that would be incurred would not reasonably be expected to result in a Material Adverse Effect. 

(d) There are no actions, suits or claims pending against or involving a Plan (other than routine claims for benefits) or, to the
knowledge of the Borrower or any of its Subsidiaries, which would reasonably be expected to be asserted successfully against any Plan and, if so asserted successfully, would reasonably be expected either singly or in the aggregate to have a Material
Adverse Effect. 
 (e) The Borrower, its Subsidiaries and any ERISA Affiliate have made all material contributions to or under
each Plan and Multiemployer Plan required by law within the applicable time limits prescribed thereby, the terms of such Plan or Multiemployer Plan, respectively, or any contract or agreement requiring contributions to a Plan or Multiemployer Plan
save where any failure to comply, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 
 (f) Except as would not individually or in the aggregate have a Material Adverse Effect (x) no Plan which is subject to Section 412 of the Code or Section 302 of ERISA has applied for or
received an extension of any amortization period, within the meaning of Section 412 of the Code or Section 302 or 304 of ERISA, (y) the Borrower, its Subsidiaries and any ERISA Affiliate have not ceased operations at a facility so as
to become subject to the provisions of Section 4062(e) of ERISA, withdrawn as a substantial employer so as to become subject to the provisions of Section 4063 of ERISA or ceased making contributions to any Plan subject to
Section 4064(a) of ERISA to which it made contributions and no lien imposed under the Code or ERISA on the assets of the Borrower, its Subsidiaries or any ERISA Affiliate exists or is likely to arise on account of any Plan and (z) none of
the Borrower, its Subsidiaries or any ERISA Affiliate has any liability under Section 4069 or 4212(c) of ERISA. 
 (g)
Except as would not individually or in the aggregate, have a Material Adverse Effect, (i) each Foreign Pension Plan has been maintained in compliance with its terms and with the requirements of any and all applicable laws, statutes, rules,
regulations and orders and has been maintained, where required, in good standing with applicable regulatory authorities, (ii) all contributions required to be made with respect to a Foreign Pension Plan have been timely made, (iii) neither
the Borrower nor any of its Subsidiaries has incurred any obligation in connection with the termination of, or withdrawal from, any Foreign Pension Plan and (iv) the present value of the accrued benefit liabilities (whether or not vested) under
each Foreign Pension Plan, determined as of the end of the Borrower’s most recently ended fiscal year on the basis of actuarial assumptions, each of which is reasonable, did not exceed the current value of the assets of such Foreign Pension
Plan allocable to such benefit liabilities. No Foreign Pension Plan is a “registered pension plan” as such term is defined in the Income Tax Act (Canada). 

  
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 8.11. Security Documents. (a) The provisions of the U.S. Guaranty and Collateral
Agreement are effective to create in favor of the Collateral Agent for the benefit of the Secured Creditors a legal, valid and enforceable security interest in all right, title and interest of the Credit Parties party thereto in the U.S. GCA
Collateral described therein, and, subject to Section 6.09(b), the Collateral Agent, for the benefit of the Secured Creditors, has (or within 30 days following the Initial Borrowing Date will have) a fully perfected security interest in all
right, title and interest in all of the U.S. GCA Collateral described therein, subject to no other Liens other than Permitted Liens. The recordation of (x) the Grant of Security Interest in U.S. patents and (y) the Grant of Security
Interest in U.S. trademarks in the respective forms attached to the U.S. Guaranty and Collateral Agreement, in each case in the United States Patent and Trademark Office, together with filings on Form UCC-1 made pursuant to the U.S. Guaranty and
Collateral Agreement, will create, as may be perfected by such filings and recordation, a perfected security interest in the United States trademarks and patents covered by the U.S. Guaranty and Collateral Agreement, and the recordation of the Grant
of Security Interest in U.S. Copyrights in the forms attached to the U.S. Guaranty and Collateral Agreement with the United States Copyright Office together with filings on Form UCC-1 made pursuant to the U.S. Guaranty and Collateral Agreement, will
create, as may be perfected by such filings and recordation, a perfected security interest in the United States copyrights covered by the U.S. Guaranty and Collateral Agreement. 

(b) The provisions of the Canadian Guaranty and Collateral Agreement are effective to create in favor of the Collateral Agent for the
benefit of the Secured Creditors a legal, valid and enforceable security interest in all right, title and interest of the Credit Parties party thereto in the Canadian GCA Collateral described therein, and, subject to Section 6.10(b), the
Collateral Agent, for the benefit of the Secured Creditors, has (or within 30 days following the Initial Borrowing Date will have) a fully perfected security interest in all right, title and interest in all of the Canadian GCA Collateral described
therein, subject to no other Liens other than Permitted Liens. The recordation of (x) the Grant of Security Interest in Canadian patents, (y) the Grant of Security Interest in Canadian trademarks and (z) the Grant of Security Interest
in Canadian copyrights in the respective forms attached to the Canadian Guaranty and Collateral Agreement, in each case in the Canadian Intellectual Property Office, together with filings of PPSA financing statements made pursuant to the Canadian
Guaranty and Collateral Agreement, will create, as may be perfected by such filings and recordation, a perfected security interest in the Canadian trademarks, patents and trademarks covered by the Canadian Guaranty and Collateral Agreement.

 (c) Upon recording with the appropriate recording office, each Mortgage creates, as security for the obligations purported to
be secured thereby, a valid and enforceable mortgage lien and charge on and perfected security interest in the respective Mortgaged Property in favor of the Collateral Agent (or such other trustee as may be required or desired under local law) for
the benefit of the Secured Creditors, superior and prior to the rights of all third Persons (except that the security interest in and mortgage lien and charge created on such Mortgaged Property may be subject to the Permitted Encumbrances related
thereto). 
 8.12. Properties. All Real Property owned by the Borrower or any of its Subsidiaries as of the Initial
Borrowing Date and the nature of the interest therein, is correctly set forth in Schedule 8.12 to the Disclosure Letter. The Borrower and each of its Subsidiaries has good and indefeasible title to all material properties (and to all buildings,
fixtures and improvements located thereon) owned by it, including all material property reflected in the most recent historical balance sheets referred to in Section 8.05(a) (except as sold or otherwise disposed of since the date of such
balance sheet in the ordinary course of business or as permitted by the terms of this Agreement), free and clear of all Liens, other than Permitted Liens. 

  
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 8.13. Subsidiaries. On and as of the Initial Borrowing Date, the Borrower has no
Subsidiaries other than those Subsidiaries listed on Schedule 8.13 to the Disclosure Letter. Schedule 8.13 to the Disclosure Letter sets forth, as of the Initial Borrowing Date, the percentage ownership of the direct parent of each such Subsidiary
in each class of capital stock or other Equity Interests of each of Borrower’s direct and indirect Subsidiaries. All outstanding shares of Equity Interests of each Subsidiary of the Borrower have been duly and validly issued, are fully paid and
non-assessable and have been issued free of preemptive rights. No Subsidiary of the Borrower has outstanding any securities convertible into or exchangeable for its Equity Interests or outstanding any right to subscribe for or to
purchase, or any options or warrants for the purchase of, or any agreement providing for the issuance (contingent or otherwise) of or any calls, commitments or claims of any character relating to, its Equity Interests or any stock appreciation or
similar rights; provided that (i) API Nanotronics Sub, Inc. is obligated to issue Equity Interests in accordance with the Plan of Arrangement undertaken pursuant to that certain Combination Agreement dated as of May 5, 2006, among
the Borrower f/k/a Rubincon Ventures Inc., API Electronics Group Corp., and API Nanotronics Sub, Inc. f/k/a RVI Sub, Inc. and (ii) Exchangeable Shares in the capital of API Nanotronics Sub, Inc. are exchangeable for Borrower Common Stock
pursuant to (A) the Support Agreement dated November 6, 2006, between the Borrower f/k/a API Nanotronics Corp. and API Nanotronics Sub, Inc. f/k/a RVI Sub, Inc., and (B) the Voting and Exchange Trust Agreement dated November 6,
2006, among the Borrower f/k/a API Nanotronics Corp., API Nanotronics Sub, Inc. f/k/a RVI Sub, Inc. and Equity Transfer & Trust Company. 
 8.14. Compliance with Statutes, etc. Each of the Borrower and its Subsidiaries is in compliance with all applicable statutes, regulations and orders of, and all applicable restrictions imposed by,
all Governmental Authorities in respect of the conduct of its business and the ownership of its property, except such non-compliances as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 8.15. Investment Company Act. Neither the Borrower nor any of its Subsidiaries is an “investment company” or
a company “controlled” by an “investment company,” within the meaning of the Investment Company Act of 1940, as amended. 
 8.16. Insurance. Schedule 8.16 to the Disclosure Letter sets forth a listing of all insurance maintained by the Borrower and its Subsidiaries as of the Initial Borrowing Date (other than local
insurance policies maintained by Foreign Subsidiaries of Borrower that are not Canadian Subsidiary Guarantors), with the amounts insured (and any deductibles) set forth therein. 

8.17. Environmental Matters. Except as could not reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect: (a) each of the Borrower and its Subsidiaries is in compliance with all applicable Environmental Laws and has obtained and is in compliance with the terms of any permits required under such Environmental Laws; (b) there are
no Environmental Claims pending or to the knowledge of the Borrower, threatened, against the Borrower or any of its Subsidiaries; (c) no Lien, other than a Permitted Lien, has been recorded or to the knowledge of the Borrower, threatened under
any Environmental Law with respect to any Real Property owned by the Borrower or any of its Subsidiaries; (d) neither the Borrower nor any of its Subsidiaries has agreed to assume or accept responsibility, for any liability of any other Person
under any Environmental Law; and (e) there are no facts with respect to the past or present business, operations, properties or facilities of the Borrower or any of its Subsidiaries, or any of their respective predecessors, that could
reasonably be expected to give rise to any Environmental Claim under any Environmental Law. This Section 8.17 sets forth the sole representations and warranties of the Borrower and its Subsidiaries with respect to environmental matters.

 8.18. Employment and Labor Relations. Neither the Borrower nor any of its Subsidiaries is engaged in any unfair labor
practice that could reasonably be expected, either individually 

  
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or in the aggregate, to have a Material Adverse Effect. There is (i) no unfair labor practice complaint pending against the Borrower or any of its Subsidiaries or, to the knowledge of the
Borrower, threatened against any of them, before the National Labor Relations Board or similar agency or entity governing labor relations of any Subsidiary, and no grievance or arbitration proceeding arising out of or under any collective bargaining
agreement is so pending against the Borrower and its Subsidiaries or, to the knowledge of the Borrower, threatened against any of them, (ii) no strike, labor dispute, slowdown or stoppage pending against the Borrower or any of its Subsidiaries
or, to the knowledge of the Borrower, threatened against the Borrower or any of its Subsidiaries, (iii) no union representation question exists with respect to the employees of the Borrower or any of its Subsidiaries, (iv) no equal
employment opportunity charges or other claims of employment discrimination are pending or, to the Borrower’s knowledge, threatened against the Borrower or any of its Subsidiaries and (v) no wage and hour department investigation has been
made of the Borrower or any of its Subsidiaries, except (with respect to any matter specified in clauses (i) – (v) above, either individually or in the aggregate) such as could not reasonably be expected to have a Material Adverse
Effect. 
 8.19. Intellectual Property, etc. Each of the Borrower and its Subsidiaries owns or has the right to use all
the patents, trademarks, permits, domain names, service marks, trade names, copyrights, licenses, franchises, inventions, trade secrets, proprietary information and know-how of any type, whether or not written (including, but not limited to, rights
in computer programs and databases) and formulas, or rights with respect to the foregoing, and has obtained assignments of all leases, licenses and other rights of whatever nature, necessary for the present conduct of its business, without any known
conflict with the rights of others which, or the failure to own or have which, as the case may be, could reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect. 

8.20. Indebtedness. Schedule 10.04 to the Disclosure Letter sets forth a list of all Indebtedness (including Contingent
Obligations) of the Borrower and its Subsidiaries as of the Initial Borrowing Date and which is to remain outstanding after giving effect to the Transaction (excluding the Loans), in each case showing the aggregate principal amount thereof and the
name of each Credit Party (or other Subsidiary of Borrower) that directly or indirectly is obligated under (or guarantees) such debt. 
 8.21. Representations and Warranties in Acquisition Agreement. On the Initial Borrowing Date, all representations and warranties made by the Target in the Acquisition Agreement that are material to
the interests of the Lenders are true and correct, but only to the extent that the Borrower has the right (without regard to any notice requirement) to terminate its obligations under the Acquisition Agreement (or would be permitted to decline to
consummate the Acquisition) as a result of a breach of such representation and warranties in the Acquisition Agreement. 
 8.22.
Foreign Assets Control Regulations, Etc. Neither of the advance of the Loans nor the use of the proceeds of any thereof will violate the Trading With the Enemy Act (50 U.S.C. § 1 et seq., as amended) (the “Trading With the Enemy
Act”) or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) (the “Foreign Assets Control Regulations”) or any enabling legislation or executive
order relating thereto (which for the avoidance of doubt shall include, but shall not be limited to (a) Executive Order 13224 of September 21, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit,
or Support Terrorism (66 Fed. Reg. 49079 (2001)) (the “Executive Order”) and (b) the Patriot Act. Furthermore, none of the Borrower or its Affiliates (a) is or will become a “blocked person” as described in
the Executive Order, the Trading With the Enemy Act or the Foreign Assets Control Regulations or (b) engages or will engage in any dealings or transactions, or be otherwise associated, with any such “blocked person” or in any manner
violative of any such order. Each Credit Party is in compliance, in all material respects, with the Patriot Act to the extent applicable. No part of the proceeds of the Loans will be used by the Credit Parties, directly or indirectly, for any
payments to 

  
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any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or
direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended. Notwithstanding anything to the contrary in this Section 8.22, the provisions of this Section shall apply to
the Canadian Subsidiary Guarantors only to the extent it does not violate the Foreign Extraterritorial Measures Act or any other mandatory requirement of Canadian law. 
 SECTION 9. Affirmative Covenants. The Borrower hereby covenants and agrees that on and after the Effective Date and until the Total Commitment has terminated and the Loans and Notes (in each case
together with interest thereon), Fees and all other Obligations (other than indemnities described in Section 13.13 and reimbursement obligations under Section 13.01 which, in either case, are not then due and payable) incurred hereunder
and thereunder, are paid in full: 
 9.01. Information Covenants. Except as set forth in the last paragraph of this
Section 9.01, the Borrower will furnish to each Lender: 
 (a) Quarterly Financial Statements. Within
45 days after the close of each of the first three quarterly accounting periods in each Fiscal Year of the Borrower (except for the quarterly accounting period ending on November 30, 2011), (i) the consolidated balance sheet of the
Borrower and its Subsidiaries as at the end of such quarterly accounting period and the related consolidated statements of income and retained earnings and statement of cash flows for such quarterly accounting period and for the elapsed portion of
the Fiscal Year ended with the last day of such quarterly accounting period, in each case setting forth comparative figures for the corresponding quarterly accounting period in the prior Fiscal Year and comparable budgeted figures for such quarterly
accounting period as set forth in the respective budget delivered pursuant to Section 9.01(d), all of which shall be certified by the chief financial officer of the Borrower that they fairly present in all material respects in accordance with
GAAP the financial condition of the Borrower and its Subsidiaries as of the dates indicated and the results of their operations for the periods indicated, subject to normal year-end audit adjustments and the absence of footnotes, and
(ii) management’s discussion and analysis of the important operational and financial developments during such quarterly accounting period. 
 (b) Annual Financial Statements. Within 90 days after the close of each Fiscal Year of the Borrower (including the six-month period ending November 30, 2011), (i) the consolidated balance
sheet of the Borrower and its Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of income and retained earnings and statement of cash flows for such Fiscal Year setting forth comparative figures for the preceding
Fiscal Year, accompanied by an opinion of Ernst & Young or such other certified independent accounting firm reasonably acceptable to the Administrative Agent (which opinion shall be without a “going concern” or like qualification
or exception and without any qualification or exception as to scope of audit) stating that in the course of its regular audit of the financial statements of the Borrower and its Subsidiaries, which audit was conducted in accordance with generally
accepted auditing standards, such accounting firm obtained no knowledge of any Default or an Event of Default relating to financial or accounting matters which has occurred and is continuing or, if in the opinion of such accounting firm such a
Default or an Event of Default has occurred and is continuing, a statement as to the nature thereof, and (ii) management’s discussion and analysis of the important operational and financial developments during such Fiscal Year. 

(c) Management Letters. Promptly after the Borrower’s or any of its Subsidiaries’ receipt thereof, a copy
of any “management letter” received from its certified public accountants and management’s response thereto. 

  
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 (d) Budgets. No later than 30 days following the first day of each
Fiscal Year of the Borrower, a budget approved by the Borrower’s board of directors (including budgeted statements of income, sources and uses of cash and balance sheets for the Borrower and its Subsidiaries on a consolidated basis) for each of
the twelve months of such Fiscal Year prepared in detail setting forth, with appropriate discussion, the principal assumptions upon which such budget is based. 
 (e) Officer’s Certificates. At the time of the delivery (or deemed delivery) of the financial statements provided for in Sections 9.01(a) and (b), a compliance certificate from the chief
financial officer of the Borrower in the form of Exhibit H certifying on behalf of the Borrower that, to such officer’s knowledge after due inquiry, no Default or Event of Default has occurred and is continuing or, if any Default or Event of
Default has occurred and is continuing, specifying the nature and extent thereof, which certificate shall (i) set forth in reasonable detail the calculations required to establish whether the Credit Parties are in compliance with the provisions
of Sections 10.07, 10.08 and 10.09, inclusive, at the end of such Fiscal Quarter or Fiscal Year, as the case may be, (ii) if delivered with the financial statements required by Section 9.01(b), set forth in reasonable detail the amount of
(and the calculations required to establish the amount of) Excess Cash Flow for the respective Excess Cash Payment Period, and (iii) certify that there have been no changes to the Schedules of the Security Documents, in each case since the
Initial Borrowing Date or, if later, since the date of the most recent certificate delivered pursuant to this Section 9.01(e), or if there have been any such changes, a list in reasonable detail of such changes (but, in each case with respect
to this clause (iii), only to the extent that such changes are required to be reported to the Collateral Agent pursuant to the terms of such Security Documents) and whether the Borrower and the other Credit Parties have otherwise taken all actions
required to be taken by them pursuant to such Security Documents in connection with any such changes. 
 (f)
Notice of Default, Litigation and Material Adverse Effect. Promptly, and in any event within three Business Days after any officer of the Borrower or any of its Subsidiaries obtains knowledge thereof, notice of (i) the occurrence of any
event which constitutes a Default or an Event of Default, (ii) any litigation or governmental investigation or proceeding pending against the Borrower or any of its Subsidiaries (x) which, either individually or in the aggregate, has had,
or could reasonably be expected to have, a Material Adverse Effect or (y) with respect to any Document, or (iii) any other event, change or circumstance that has had, or could reasonably be expected to have, a Material Adverse Effect.

 (g) Other Reports and Filings. Promptly after the filing or delivery thereof, copies of all financial
information, proxy materials and reports, if any, which the Borrower or any of its Subsidiaries shall publicly file with the Securities and Exchange Commission or any successor thereto (the “SEC”) or deliver to holders (or any
trustee, agent or other representative therefor) or any of its material Indebtedness pursuant to the terms of the documentation governing the same. 
 (h) Environmental Matters. Promptly after any Authorized Officer of the Borrower or any of its Subsidiaries obtains written notice of the following environmental matters to the extent that
such environmental matters, either individually or when aggregated with all other such environmental matters, could reasonably be expected to have a Material Adverse Effect: 

(i) any pending or threatened Environmental Claim against the Borrower or any of its Subsidiaries or any Real Property
owned, leased or operated by the Borrower or any of its Subsidiaries; 

  
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 (ii) any condition or occurrence on or arising from any Real Property owned,
leased or operated by the Borrower or any of its Subsidiaries that (a) results in noncompliance by the Borrower or any of its Subsidiaries with any applicable Environmental Law or (b) could reasonably be expected to form the basis of an
Environmental Claim against the Borrower or any of its Subsidiaries or any such Real Property; 
 (iii) any
condition or occurrence on any Real Property owned, leased or operated by the Borrower or any of its Subsidiaries that could reasonably be expected to cause such Real Property to be subject to any restrictions on the ownership, lease, occupancy, use
or transferability by the Borrower or any of its Subsidiaries of such Real Property under any Environmental Law; or 
 (iv) the taking of any removal or remedial action to the extent required by any Environmental Law or any Governmental Authority in response to the Release or threatened Release of any Hazardous Material
on any Real Property owned, leased or operated by the Borrower or any of its Subsidiaries. 
 All such notices shall describe in
reasonable detail the nature of the claim, investigation, condition, occurrence or removal or remedial action and the Borrower’s or such Subsidiary’s response thereto. 

(i) Other Information. From time to time, such other information or documents (financial or otherwise) with respect
to the Borrower or any of its Subsidiaries as the Administrative Agent or any Lender (through the Administrative Agent) may reasonably request. 
 Documents required to be delivered pursuant to Section 9.01(a), (b) or (g) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered
electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet; or (ii) on which such
documents are posted on the Borrower’s behalf on an Internet or intranet website, 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); provided that: (i) the Borrower shall deliver paper copies of such documents to the Administrative Agent or any Lender that requests the Borrower to deliver such paper copies until a written request to cease delivering paper
copies is given by the Administrative Agent or such Lender and (ii) the Borrower shall notify (which may be by facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any such documents and provide to the
Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. 
 The Borrower hereby
acknowledges that (a) the Administrative Agent and/or the Lead Arranger will make available to the Lenders materials and/or information provided by or on behalf of the Borrower 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 MNPI
with respect to the Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. The Borrower hereby agrees
that 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,” the Borrower shall

  
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be deemed to have authorized the Administrative Agent, the Lead Arranger and the Lenders to treat such Borrower Materials as not containing any MNPI (although it may be sensitive and proprietary)
with respect to the Borrower or its 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 13.16); (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 Lead
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.”. 

9.02. Books, Records and Inspections; Annual Meetings. (a) The Borrower will, and will cause each of its Subsidiaries to,
keep proper books of record and accounts in which full, true and correct entries in conformity with GAAP and all requirements of law shall be made of all dealings and transactions in relation to its business and activities. Subject to any
restrictions imposed by the DSS or any other Governmental Authority, the Borrower will, and will cause each of its Subsidiaries to, permit officers and designated representatives of the Administrative Agent or any Lender to visit and inspect, under
guidance of officers of the Borrower or such Subsidiary, any of the properties of the Borrower or such Subsidiary, and to examine the books of account of the Borrower or such Subsidiary and discuss the affairs, finances and accounts of the Borrower
or such Subsidiary with, and be advised as to the same by, its and their officers and independent accountants, all upon reasonable prior notice and at such reasonable times and intervals and to such reasonable extent as the Administrative Agent or
any such Lender may reasonably request; provided that, so long as no Event of Default has occurred and is continuing, the Administrative and Lenders shall collectively be entitled to conduct only one such visit, inspection, examination,
audit, check, test, appraisal or similar verifications or discussions during any 12-month period. 
 (b) If requested by the
Administrative Agent or the Required Lenders, at a date to be mutually agreed upon between the Administrative Agent and the Borrower occurring on or prior to the 120th day after the close of each Fiscal Year of the Borrower, the Borrower will, at
the request of the Administrative Agent, hold a meeting with all of the Lenders at which meeting will be reviewed the financial results of the Borrower and its Subsidiaries for the previous Fiscal Year and the budgets presented for the current
Fiscal Year of the Borrower. 
 9.03. Maintenance of Property; Insurance. (a) The Borrower will, and will cause each
of its Subsidiaries to, (i) keep all property necessary to the business of the Borrower and its Subsidiaries in good working order and condition, ordinary wear and tear excepted and subject to the occurrence of casualty and condemnation events,
(ii) maintain with financially sound and reputable insurance companies insurance on all such property and against all such risks as is consistent and in accordance with industry practice for companies similarly situated owning similar
properties and engaged in similar businesses as the Borrower and its Subsidiaries, and (iii) furnish to the Administrative Agent, upon its request therefor, full information as to the insurance carried. In addition to the requirements of the
immediately preceding sentence, the Borrower will at all times cause insurance of the types described in Schedule 8.16 to the Disclosure Letter to be maintained (with the same scope of coverage as that described in Schedule 8.16 to the Disclosure
Letter) at levels which are consistent with their practices immediately before the Initial Borrowing Date. Such insurance shall include physical damage insurance on all real and personal property (whether now owned or hereafter acquired) on an all
risk basis and business interruption insurance. The provisions of this Section 9.03 shall be deemed supplemental to, but not duplicative of, the provisions of any Security Documents that require the maintenance of insurance. 

(b) If at any time the improvements on a Mortgaged Property are located in an area identified as a special flood hazard area by the
Federal Emergency Management Agency or any 

  
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successor thereto or other applicable agency, the Borrower will, and will cause each of its Subsidiaries to, at all times keep and maintain flood insurance in an amount satisfactory to the
Administrative Agent but in no event less than the amount sufficient to comply with the rules and regulations promulgated under the National Flood Insurance Act of 1968 and Flood Disaster Protection Act of 1973, each as amended from time to time.

 (c) The Borrower will, and will cause each of the other Credit Parties to, at all times keep its property insured in favor of
the Collateral Agent, and all policies or certificates (or certified copies thereof) with respect to such insurance (and any other insurance maintained by the Credit Parties) shall be endorsed to the Collateral Agent’s satisfaction for the
benefit of the Collateral Agent (including, without limitation, by naming the Collateral Agent as loss payee and/or additional insured). 
 (d) If the Borrower or any of its Subsidiaries shall fail to maintain insurance in accordance with this Section 9.03, or if the Borrower or any of its Subsidiaries shall fail to so endorse and
deposit all policies or certificates with respect thereto, the Administrative Agent shall have the right (but shall be under no obligation) to procure such insurance and the Borrower agrees to reimburse the Administrative Agent for all costs and
expenses of procuring such insurance. 
 9.04. Existence; Franchises. The Borrower will, and will cause each of its
Subsidiaries to, do or cause to be done, all things necessary to preserve and keep in full force and effect its existence and its material rights, franchises, licenses, permits, copyrights, trademarks and patents; provided, however,
that nothing in this Section 9.04 shall prevent (i) sales of assets and other transactions by the Borrower or any of its Subsidiaries in accordance with Section 10.02 or (ii) the withdrawal by the Borrower or any of its
Subsidiaries of its qualification as a foreign Company in any jurisdiction if such withdrawal could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

9.05. Compliance with Statutes, etc. The Borrower will, and will cause each of its Subsidiaries to, comply with all applicable
statutes, regulations and orders of, and all applicable restrictions imposed by, all Governmental Authorities in respect of the conduct of its business and the ownership of its property (including applicable statutes, regulations, orders and
restrictions relating to environmental standards and controls), except such non-compliances as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

9.06. Compliance with Environmental Laws. (a) The Borrower will comply, and will cause each of its Subsidiaries to comply,
with all Environmental Laws and permits applicable to or required in respect of the conduct of its business or operations or by the ownership, lease or use of any Real Property now or hereafter owned, leased or operated by the Borrower or any of its
Subsidiaries, except for such noncompliances as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (b) (i) After the receipt by the Administrative Agent or any Lender of any notice of the type described in Section 9.01(h), (ii) at any time that the Borrower or any of its Subsidiaries is not
in compliance with Section 9.06(a) or (iii) in the event that the Administrative Agent or the Lenders have exercised any of the remedies pursuant to the last paragraph of Section 11, the Borrower will (in each case) provide, at the
expense of the Borrower and at the request of the Administrative Agent, an environmental site assessment report concerning any relevant Real Property owned, leased or operated by the Borrower or any of its Subsidiaries, prepared by an environmental
consulting firm reasonably approved by the Administrative Agent, indicating the presence or absence of Hazardous Materials in violation of Environmental Laws that require removal or remedial action and the potential cost of any such removal or
remedial action in connection with such Hazardous Materials on 

  
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such Real Property. If the Borrower fails to provide the same within 45 days after such request was made, the Administrative Agent may order the same, the cost of which shall be borne by the
Borrower, and the Borrower shall and hereby do grant to the Administrative Agent and the Lenders and their respective agents access to such Real Property, and specifically grant the Administrative Agent and the Lenders an irrevocable non-exclusive
license, subject to the rights of tenants, to undertake such an assessment at any reasonable time upon reasonable notice to the Borrower, all at the expense of the Borrower. 
 9.07. ERISA. The Borrower shall supply to the Administrative Agent (in sufficient copies for all Lenders, if the Administrative Agent so request); 

(a) promptly and in any event within 15 days after receiving a request from the Administrative Agent a copy of IRS Form 5500 (including
the Schedule B) with respect to a Plan; 
 (b) promptly and in any event within 30 days after the Borrower, any Subsidiary of
the Borrower or any ERISA Affiliate knows or has reason to know that any ERISA Event has occurred that would reasonably be expected to result in material liability to the Borrower or any Subsidiaries of the Borrower, a certificate of the chief
financial officer of the Borrower describing such ERISA Event and the action, if any, proposed to be taken with respect to such ERISA Event and a copy of any notice filed with the PBGC or the IRS pertaining to such ERISA Event and any notices
received by the Borrower, any Subsidiary of the Borrower or ERISA Affiliate from the PBGC or any other governmental agency with respect thereto; provided that, in the case of ERISA Events under paragraph (d) of the definition thereof, the
30-day period set forth above shall be a 10-day period, and, in the case of ERISA Events under paragraph (b) of the definition thereof, in no event shall notice be given later than 10 days after the occurrence of the ERISA Event; 

(c) promptly, and in any event within 30 days, after becoming aware that there has been (i) an increase in Unfunded Pension
Liabilities (taking into account only Plans with positive Unfunded Pension Liabilities) that are reasonably expected to result in material liability to the Borrower since the date the representations hereunder are given or deemed given, or from any
prior notice, as applicable, (ii) a material increase since the date the representations hereunder are given or deemed given, or from any prior notice, as applicable, in potential withdrawal liability under Section 4201 of ERISA, if the
Borrower, any Subsidiary of the Borrower and the ERISA Affiliates were to withdraw completely from any and all Multiemployer Plans that are reasonably expected to result in a material liability to the Borrower or any Subsidiary or (iii) the
adoption of any amendment to a Plan which results in a material increase in contribution obligations of the Borrower or any Subsidiary, a detailed written description thereof from the chief financial officer of the Borrower; and 

(d) If, at any time after the Initial Borrowing Date, the Borrower, any Subsidiary of the Borrower or any ERISA Affiliate maintains, or
contributes to (or incurs an obligation to contribute to), a Plan or Multiemployer Plan which is not set forth in Schedule 8.10 to the Disclosure Letter, then the Borrower shall deliver to the Agent an updated Schedule 8.10 to the Disclosure Letter
as soon as practicable, and in any event within 30 days after the Borrower, such Subsidiary of the Borrower or such ERISA Affiliate maintains, or contributes to (or incurs an obligation to contribute to), thereto. 

9.08. End of Fiscal Years; Fiscal Quarters. The Borrower will cause (i) its and each of its Subsidiaries’ fiscal years
to end on May 31 for the 2011 calendar year; provided that, as of December 1, 2011, the succeeding fiscal years of the Borrower and each of its Subsidiaries shall end on November 30, and (ii) its and each of its
Subsidiaries’ fiscal quarters to end on the last day of each period described in the definition of “Fiscal Quarter”. 

  
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 9.09. Performance of Obligations. The Borrower will, and will cause each of its
Subsidiaries to, perform all of its obligations under the terms of each mortgage, indenture, security agreement, loan agreement or credit agreement and each other agreement, contract or instrument by which it is bound, except such non-performances
as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 9.10.
Payment of Taxes. The Borrower will pay and discharge, and will cause each of its Subsidiaries to pay and discharge, all material taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or upon any
properties belonging to it, prior to the date on which penalties attach thereto, and all lawful claims which, if unpaid, might become a Lien or charge upon any properties of the Borrower or any of its Subsidiaries not otherwise permitted under
Section 10.01(i); provided that neither the Borrower nor any of its Subsidiaries shall be required to pay any such tax, assessment, charge, levy or claim which is being contested in good faith and by proper proceedings if it has
maintained adequate reserves with respect thereto in accordance with GAAP. 
 9.11. Use of Proceeds. The Borrower will
use the proceeds of the Loans only as provided in Section 8.08. 
 9.12. Additional Security; Further Assurances;
etc. (a) Subject to Section 13.17, the Borrower shall cause, and will cause each of the other Credit Parties to cause, (i) each of its Wholly-Owned Domestic Subsidiaries (other than Immaterial Subsidiaries) formed or acquired (or
which first becomes such a Wholly-Owned Domestic Subsidiary or ceases to be an Immaterial Subsidiary) after the Initial Borrowing Date to become a Credit Party (and a party to the U.S. Guaranty and Collateral Agreement by executing a supplement
thereto in form reasonably satisfactory to the Administrative Agent) and to execute and deliver all other appropriate Security Documents, in each case, within thirty (30) days (or such longer time period if agreed to by the Administrative Agent
in its sole discretion) after the first date upon which the respective Subsidiary of such Person becomes a Wholly-Owned Domestic Subsidiary or ceases to be an Immaterial Subsidiary and (ii) each of each of its Wholly-Owned Canadian Subsidiaries
(other than Immaterial Subsidiaries) formed or acquired (or which first becomes such a Wholly-Owned Canadian Subsidiary or ceases to be an Immaterial Subsidiary) after the Initial Borrowing Date to become a Credit Party (and a party to the Canadian
Guaranty and Collateral Agreement by executing a supplement thereto in form reasonably satisfactory to the Administrative Agent) and to execute and deliver all other appropriate Security Documents, in each case, within thirty (30) days (or such
longer time period if agreed to by the Administrative Agent in its sole discretion) after the first date upon which the respective Subsidiary of such Person becomes a Wholly-Owned Canadian Subsidiary or ceases to be an Immaterial Subsidiary. Upon
execution and delivery of the supplement to the U.S. Guaranty and Collateral Agreement or the Canadian Guaranty and Collateral Agreement, as applicable, each such Person (i) shall become a Subsidiary Guarantor hereunder and thereupon shall have
all of the rights, benefits, duties, and obligations in such capacity under the Credit Documents and (ii) will grant Liens to the Administrative Agent, for the benefit of the Administrative Agent and the Lenders, in any property of such Credit
Party which constitutes Collateral as set forth in, and in accordance with, the Security Documents. In addition, each new Wholly-Owned Subsidiary that is required to execute any Credit Document shall execute and deliver, or cause to be executed and
delivered, all other relevant documentation (including opinions of counsel) of the type described in Section 6 as such new Subsidiary would have had to deliver if such new Subsidiary were a Credit Party on the Initial Borrowing Date.

 (b) Subject to Section 13.17, the Borrower will, and will cause each other Credit Party to, grant to the Collateral
Agent for the benefit of the Secured Creditors security interests and Mortgages in such assets and Real Property of the Borrower and such other Credit Party as are not covered by the original Security Documents and as may be reasonably requested
from time to time by the Administrative Agent or the Required Lenders (collectively, the “Additional Security Documents”). 

  
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Subject to Section 13.17, all such security interests and Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Collateral Agent and shall
constitute valid and enforceable perfected security interests, hypothecations or Mortgages superior to and prior to the rights of all third Persons and enforceable against third parties and subject to no other Liens, except, in each case, for
Permitted Liens or, in the case of Real Property, the Permitted Encumbrances related thereto. The Additional Security Documents 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 Additional Security Documents and all taxes, fees and other charges payable in connection therewith shall have been paid in
full. Notwithstanding the foregoing, this Section 9.12(b) shall not apply to (and the Borrower and its Subsidiaries shall not be required to grant a Mortgage in) any owned Real Property the fair market value of which is less than $1,000,000,
(ii) 2144 Franklin Drive NE, Palm Bay, FL, and (iii) 8031 & 8061 Avonia Road, Fairview, PA. 
 (c) Subject to
Section 13.17, the Borrower will, and will cause each of the other Credit Parties to, at the expense of the Borrower, make, execute, endorse, acknowledge, file and/or deliver to the Collateral Agent from time to time such vouchers, invoices,
schedules, confirmatory assignments, conveyances, financing statements, transfer endorsements, powers of attorney, certificates, Real Property surveys, reports, landlord waivers, bailee agreements, control agreements and other assurances or
instruments and take such further steps relating to the Collateral covered by any of the Security Documents as the Collateral Agent may reasonably require. Furthermore, the Borrower will, and will cause the other Credit Parties that are Subsidiaries
of the Borrower to, deliver to the Collateral Agent such opinions of counsel, title insurance and other related documents as may be reasonably requested by the Administrative Agent to assure itself that this Section 9.12 has been complied with.

 (d) If the Administrative Agent or the Required Lenders reasonably determine that they are required by law or regulation to
have appraisals prepared in respect of any Real Property of the Borrower and the other Credit Parties constituting Collateral, the Borrower will, at its own expense, provide to the Administrative Agent appraisals which satisfy the applicable
requirements of the Real Estate Appraisal Reform Amendments of the Financial Institution Reform, Recovery and Enforcement Act of 1989, as amended, and which shall otherwise be in form and substance reasonably satisfactory to the Administrative
Agent. 
 (e) To the extent any action which would otherwise have been required to be taken pursuant to Sections 6.09, 6.10 and
6.11 hereof have not been taken on or prior to the Initial Borrowing Date as permitted thereby, then the Borrower shall cause all such actions to be taken as promptly as practicable after the Initial Borrowing Date, provided that in any event such
actions shall be required to be completed within (x) 45 days after the Initial Borrowing Date in the case of actions otherwise required under Section 6.09(a) and 6.10(a), and (y) 90 days after the Initial Borrowing Date in the case of
actions required to be taken pursuant to Section 6.11(a), in each case as such dates may be extended (with respect to a given action or actions) at the sole discretion of the Administrative Agent. 

(f) The Borrower agrees that each action required by clauses (b) through (d) of this Section 9.12 shall be completed as
soon as possible, but in no event later than 60 days after such action is requested to be taken by the Administrative Agent or the Required Lenders (as such date may be extended at the sole discretion of the Administration Agent); provided
that, in no event will the Borrower or any of its Subsidiaries be required to take any action, other than using its commercially reasonable efforts, to obtain consents, waivers or other agreements or documents from third parties with respect to the
matters referred to in this Section 9.12. 

  
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 (g) Notwithstanding anything to the contrary contained in this Section 9.12, within
thirty (30) days of the Initial Borrowing Date, the Borrower shall cause the applicable Credit Party to make a claim under its title policy number NCS-139588 RE from First American Title Company to resolve the “cloud on title”
described in exception 18 of the Mortgage Policy for the Mortgaged Property located in Philadelphia, Pennsylvania. Borrower shall use commercially reasonably efforts thereafter to cause First American Title Company to resolve such issue as soon as
commercially practicable, and upon such resolution shall provide to the Collateral Agent an endorsement to the applicable Mortgage Policy or a new Mortgage Policy removing exceptions 18 and 19 of the existing Mortgage Policy. 

9.13. Interest Rate Protection. No later than 120 days following the Initial Borrowing Date, the Borrower will enter into (and
thereafter maintain) Interest Rate Protection Agreements in form and substance reasonably satisfactory to the Administrative Agent, having a term of at least two years, establishing a fixed or maximum interest rate per annum for an aggregate
notional principal amount equal to at least 50% of the aggregate principal amount of all Term Loans then outstanding. 
 9.14.
Ratings. The Borrower shall use its commercially reasonable efforts to obtain and maintain (i) a public corporate family rating of the Borrower and a rating of each Tranche of the Loans, in each case from Moody’s, and (ii) a
public corporate credit rating of the Borrower and a rating of each Tranche of the Loans, in each case from S&P (it being understood and agreed that (x) “commercially reasonable efforts” shall in any event include the payment by
the Borrower of customary rating agency fees and cooperation with information and data requests by Moody’s and S&P in connection with their ratings process and (y) for the avoidance of doubt, the Borrower shall have no obligation to
maintain or endeavor to maintain, whether through the use of its commercially reasonable efforts or otherwise, any specific rating from either Moody’s or S&P). 
 SECTION 10. Negative Covenants. 
 Each of the Borrower and its Subsidiaries
hereby covenants and agrees that on and after the Effective Date and until the Total Commitment has terminated and the Loans and Notes (in each case, together with interest thereon), Fees and all other Obligations (other than any indemnities
described in Section 13.13 and reimbursement obligations under Section 13.01 which, in either case, are not then due and payable) incurred hereunder and thereunder, are paid in full: 

10.01. Liens. The Borrower will not, and will not permit any of its Subsidiaries to, create, incur, assume or suffer to exist any
Lien upon or with respect to any property or assets (real or personal, tangible or intangible) of the Borrower or any of its Subsidiaries, whether now owned or hereafter acquired, or sell any such property or assets subject to an understanding or
agreement, contingent or otherwise, to repurchase such property or assets (including sales of accounts receivable with recourse to the Borrower or any of its Subsidiaries), or assign any right to receive income or permit the filing of any financing
statement under the UCC or any other similar notice of Lien under any similar recording or notice statute; provided that the provisions of this Section 10.01 shall not prevent the creation, incurrence, assumption or existence of the
following (Liens described below are herein referred to as “Permitted Liens”): 
 (i) Liens for
taxes, assessments or governmental charges or levies not yet delinquent or Liens for taxes, assessments or governmental charges or levies being contested in good faith and by appropriate proceedings for which adequate reserves have been established
in accordance with GAAP; 

  
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 (ii) Liens in respect of property or assets of the Borrower or any of its
Subsidiaries imposed by law, which were incurred in the ordinary course of business and do not secure Indebtedness for borrowed money, such as carriers’, warehousemen’s, materialmen’s, repairmen’s, workmen’s, suppliers’
and mechanics’ liens and other similar Liens arising in the ordinary course of business (A) for amounts not yet overdue by more than 30 days or (B) for amounts that are overdue by more than 30 days and which (x) do not in the
aggregate materially detract from the value of the property or assets of the Borrower and its Subsidiaries taken as a whole or materially impair the use of such property or assets in the operation of the business of the Borrower or its Subsidiaries
or (y) are being contested in good faith by appropriate proceedings, which proceedings have the effect of preventing or staying the forfeiture or sale of the property or assets subject to any such Lien; 

(iii) Liens in existence on the Initial Borrowing Date which are listed, and the property subject thereto described, in
Schedule 10.01 to the Disclosure Letter, plus renewals, replacements and extensions of such Liens incurred to secure Permitted Refinancing Indebtedness; 
 (iv) Liens created by or pursuant to this Agreement and the Security Documents; 
 (v) (x) licenses, sublicenses, leases or subleases granted by the Borrower or any of its Subsidiaries to other Persons not materially interfering with the conduct of the business of the Borrower or any of
its Subsidiaries and (y) any interest or title of a lessor, sublessor or licensor under any lease or license agreement permitted by this Agreement to which the Borrower or any of its Subsidiaries is a party; 

(vi) Liens securing Indebtedness permitted pursuant to Section 10.04(iv) and Permitted Refinancing
Indebtedness; provided that (A) such Liens attach at all times only to the assets so financed except for accessions to the property that is affixed or incorporated into the property covered by such Lien or financed with the proceeds
of such Indebtedness and the proceeds and the products thereof and (B) that individual financings of equipment or machinery provided by one lender may be cross collateralized to other financings of equipment or machinery provided by
such lender; 
 (vii) [RESERVED]; 

(viii) easements, rights-of-way, restrictions, encroachments and other similar charges or encumbrances, and minor title
deficiencies, in each case not securing Indebtedness and not materially interfering with the conduct of the business of the Borrower or any of its Subsidiaries; 
 (ix) Liens arising from precautionary UCC or PPSA financing statement filings regarding operating leases or consignments entered into in the ordinary course of business or any other UCC financing
statement filing under Section 9-505 of the UCC; 
 (x) Liens arising out of the existence of judgments or
awards in respect of which the Borrower or any of its Subsidiaries shall in good faith be prosecuting an appeal or proceedings for review and in respect of which there shall have been secured a subsisting stay of execution pending such appeal or
proceedings; 
 (xi) statutory and common law landlords’ liens under leases to which the Borrower or any of
its Subsidiaries is a party; 

  
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 (xii) Liens (other than Liens imposed under ERISA) incurred in the ordinary
course of business in connection with workers compensation claims, unemployment insurance and social security benefits and Liens securing the performance of bids, tenders, leases and contracts in the ordinary course of business, statutory
obligations, surety bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business (exclusive of obligations in respect of the payment for borrowed money), provided that the aggregate amount of all
cash and the fair market value of all other property subject to all Liens permitted by this clause (xii) shall not at any time exceed $2,500,000; 
 (xiii) Permitted Encumbrances; 
 (xiv) Liens on property or assets
acquired pursuant to a Permitted Acquisition or other permitted Investment, or on property or assets of a Subsidiary of the Borrower in existence at the time such Subsidiary is acquired pursuant to a Permitted Acquisition or other permitted
Investment plus renewals, replacements and extensions of such Liens incurred to secure Permitted Refinancing Indebtedness; provided that (x) any Indebtedness that is secured by such Liens constitutes Permitted Acquired Debt or Permitted
Refinancing Indebtedness and (y) such Liens are not incurred in connection with, or in contemplation or anticipation of, such Permitted Acquisition and do not attach to any other property or assets of the Borrower or any of its Subsidiaries;

 (xv) Liens arising out of any conditional sale, title retention, consignment or other similar arrangements for
the sale of goods entered into by the Borrower or any of its Subsidiaries in the ordinary course of business to the extent such Liens do not attach to any assets other than the goods subject to such arrangements; 

(xvi) Liens (x) incurred in the ordinary course of business in connection with the purchase or shipping of goods or
assets (or the related assets and proceeds thereof), which Liens are in favor of the seller or shipper of such goods or assets and only attach to such goods or assets, and (y) 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; 
 (xvii) bankers’ or
brokers’ Liens, rights of setoff and other similar Liens existing solely with respect to cash and Cash Equivalents or Investments on deposit in one or more accounts maintained by Borrower or any of its Subsidiaries (including Liens in favor of
a banking institution arising as a matter of law encumbering deposits), in each case granted in the ordinary course of business in favor of the bank(s) or broker(s) with which such accounts are maintained, securing amounts owing to such bank(s) or
broker(s) with respect to cash management and operating account arrangements and investment accounts; 
 (xviii)
Liens on assets of Foreign Subsidiaries (other than Canadian Subsidiary Guarantors) of the Borrower securing Indebtedness permitted to be incurred by such Foreign Subsidiaries pursuant to Section 10.04; 

(xix) Liens granted in the ordinary course of business on the unearned portion of insurance premiums securing the
financing of insurance premiums to the extent the financing is permitted under Section 10.04; 
 (xx) Liens
on earnest money deposits made in connection with any agreement in respect of an anticipated Permitted Acquisition; 

  
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 (xxi) any zoning or similar law or right reserved to or vested in any
Government Authority to control or regulate the use of any Real Property; 
 (xxii) Liens of a collection bank
arising under Section 4-210 of the UCC on items in the course of collection; 
 (xxiii) Assignments of the
right to receive income effected as part of the sale of a Subsidiary or a business unit that is otherwise permitted pursuant to Section 10.02; and 
 (xxiv) additional Liens of the Borrower or any Subsidiary not otherwise permitted by this Section 10.01 that do not secure obligations in excess of $2,500,000 in the aggregate for all such Liens at
any time. 
 In connection with the granting of Liens of the type described in clauses (iii), (vi), (vii), (ix), (xiv) and (xxiii) of
this Section 10.01 by the Borrower or any of its Subsidiaries, the Administrative Agent and the Collateral Agent shall be authorized to take any actions deemed appropriate by it in connection therewith (including, without limitation, by
executing appropriate lien releases or lien subordination agreements in favor of the holder or holders of such Liens, in either case solely with respect to the item or items of equipment or other assets subject to such Liens). 

10.02. Consolidation, Merger, Purchase or Sale of Assets, etc. The Borrower will not, and will not permit any of its Subsidiaries
to, wind up, liquidate or dissolve its affairs or enter into any partnership, joint venture, or permit any Person to merge, amalgamate or consolidate with it, or convey, sell, lease or otherwise dispose of all or any part of its property or assets
(other than sales or other dispositions of inventory in the ordinary course of business), or enter into any Sale Leaseback, or purchase or otherwise acquire (in one or a series of related transactions) any part of the property or assets (other than
purchases or other acquisitions of inventory, materials, equipment, goods and services in the ordinary course of business) of any Person that constitutes a line of business, except that: 

(i) Capital Expenditures by the Borrower and its Subsidiaries shall be permitted to the extent not in violation of
Section 10.07; 
 (ii) the Borrower and its Subsidiaries may liquidate or otherwise dispose of obsolete,
surplus or worn-out property or assets in the ordinary course of business; 
 (iii) Investments may be made to
the extent permitted by Section 10.05; 
 (iv) the Borrower and its Subsidiaries may sell or otherwise
dispose of assets (other than the capital stock or other Equity Interests of any Wholly-Owned Subsidiary, unless all of the capital stock or other Equity Interests of such Wholly-Owned Subsidiary are sold in accordance with this clause (iv)), so
long as (v) no Default or Event of Default then exists or would result therefrom, (w) each such sale or other disposition is in an arm’s-length transaction and the Borrower or the respective Subsidiary receives at least fair market
value, (x) the consideration received by the Borrower or such Subsidiary consists of at least 80% cash and is paid at the time of the closing of such sale, (y) the Net Sale Proceeds therefrom are applied and/or reinvested as (and to the
extent) required by Section 5.02(f) and (z) the aggregate amount of the cash and non-cash proceeds received from all assets sold or otherwise disposed of pursuant to this clause (iv) shall not exceed $10,000,000 in any Fiscal Year of
the Borrower (for this purpose, using the fair market value of any non-cash consideration); 

  
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 (v) each of the Borrower and its Subsidiaries may lease (as lessee) or
license (as licensee) real or personal property (so long as any such lease or license does not create a Capitalized Lease Obligation except to the extent permitted by Section 10.04(iv)); 

(vi) each of the Borrower and its Subsidiaries may sell or discount, in each case without recourse and in the ordinary
course of business, notes or accounts receivable arising in the ordinary course of business, but only in connection with the compromise or collection thereof and not as part of any financing transaction; 

(vii) each of the Borrower and its Subsidiaries may grant licenses, sublicenses, leases or subleases to other Persons not
materially interfering with the conduct of the business of the Borrower or any of its Subsidiaries, in each case so long as no such grant otherwise adversely affects the Collateral Agent’s security interest in the asset or property subject
thereto; 
 (viii) the Borrower or any Subsidiary of the Borrower may convey, sell or otherwise transfer all or
any part of its business, properties and assets to the Borrower or to any Subsidiary Guarantor, so long as any security interests granted to the Collateral Agent for the benefit of the Secured Creditors pursuant to the Security Documents in the
assets so transferred shall remain in full force and effect and perfected (to at least the same extent as in effect immediately prior to such transfer) and all actions required to maintain said perfected status have been taken; 

(ix) any Subsidiary of the Borrower may merge or consolidate with and into, or be dissolved or liquidated into, the
Borrower or any Subsidiary Guarantor, so long as (i) in the case of any such merger, consolidation, dissolution or liquidation involving the Borrower, the Borrower is the surviving or continuing entity of any such merger, consolidation,
dissolution or liquidation, (ii) in all other cases, a Subsidiary Guarantor is the surviving or continuing corporation of any such merger, consolidation, dissolution or liquidation, and (iii) any security interests granted to the
Collateral Agent for the benefit of the Secured Creditors pursuant to the Security Documents in the assets of such Subsidiary shall remain in full force and effect and perfected (to at least the same extent as in effect immediately prior to such
merger, consolidation, dissolution or liquidation) and all actions required to maintain said perfected status have been taken; 
 (x) any Foreign Subsidiary of the Borrower may be merged, consolidated or amalgamated with and into, or be dissolved or liquidated into, or transfer any of its assets to, any Wholly-Owned Foreign
Subsidiary of the Borrower, so long as (i) such Wholly-Owned Foreign Subsidiary of the Borrower is the surviving or continuing entity of any such merger, consolidation, amalgamation, dissolution or liquidation and (ii) any security
interests granted to the Collateral Agent for the benefit of the Secured Creditors pursuant to the Security Documents in the Equity Interests of such Wholly-Owned Foreign Subsidiary and such Foreign Subsidiary shall remain in full force and effect
and perfected and enforceable (to at least the same extent as in effect immediately prior to such merger, consolidation, amalgamation, dissolution, liquidation or transfer) and all actions required to maintain said perfected status have been taken;

 (xi) Permitted Acquisitions may be consummated and any Subsidiary of the Borrower may merge with or into the
Person such Subsidiary was formed to acquire in connection with a Permitted Acquisition; provided that in the case of a merger involving a Subsidiary Guarantor, the continuing or surviving Person shall be a Subsidiary Guarantor; 

  
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 (xii) the Borrower and its Subsidiaries may liquidate or otherwise dispose
of Cash Equivalents in the ordinary course of business, in each case for cash at fair market value; 
 (xiii) the
Acquisition shall be permitted in accordance with the terms of the Acquisition Documents; 
 (xiv) each of the
Borrower and its Subsidiaries may grant easements, rights of way and similar rights in Real Property and may convey Real Property to governmental entities in connection with a condemnation or deed in lieu thereof; 

(xv) the Borrower and its Subsidiaries may sell or dispose of Equity Interests of any Subsidiary of Borrower in order to
qualify members of the Governing Body of such Subsidiary if required by applicable law; 
 (xvi) the Borrower or
any Subsidiary of Borrower may abandon registered intellectual property which, in the reasonable good faith determination of the Borrower or such Subsidiary, is uneconomical, negligible, obsolete or otherwise not material in the conduct of the
business of the Borrower or such Subsidiary; 
 (xvii) the Borrower or any Subsidiary of Borrower may dispose of
any asset subject to a Recovery Event (without regard to the proviso in the definition thereof); provided that the Net Cash Proceeds received by the Borrower or such Subsidiary shall be applied as (and to the extent) required by
Section 5.02(g); 
 (xviii) the Borrower or any of its Subsidiaries may convert from a corporation to a
limited liability company, or vice versa, if the Borrower determines in good faith that such action is in the best interests of the Borrower and its Subsidiaries so long as following such conversion, the Borrower and its Subsidiaries have complied
with the requirements of Section 9.12, if applicable; 
 (xix) the Borrower or any of its Subsidiaries may
dispose of fixed or capital assets to the extent that (A) such assets are exchanged for credit against the purchase price of other replacement fixed or capital assets or (B) the proceeds of such disposition are reasonably promptly applied
to the purchase price of replacement fixed or capital assets; 
 (xx) the Borrower or any of its Subsidiaries may
dispose of the Real Property located at (A) 102 Ford Street, Building 5A, Ogdensburg, New York 11669, (B) 2144 Franklin Drive NE, Palm Bay, FL; (C) 8031 & 8061 Avonia Road, Fairview, PA, (D) Unit A, Brunel Court,
Waterwells Business Park, Quedgeley, Gloucester, GL2 2AL United Kingdom and (E) 328 State Street, St. Mary’s, PA; provided that the consideration received by the Borrower or such Subsidiary for each such disposition consists of at
least 80% cash and is paid at the time of the closing of such sale; 
 (xxi) the Borrower or any of its
Subsidiaries may enter into Sale Leasebacks; provided that such Sale Leasebacks shall not in the aggregate exceed $10,000,000 at any time; 
 (xxii) the Borrower or any of its Subsidiaries may make the Permitted SenDEC Payments; 
 (xxiii) dispositions to the extent constituting a Permitted Lien or Dividend permitted under Section 10.03(iii); and 

  
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 (xxiv) the Borrower or any of its Subsidiaries may dispose of Cryptek Holdco
UK Limited and/or any of its Subsidiaries or all or any part of the businesses or assets of such Persons, in a single transaction or series of transactions, so long as the consideration received therefor is at least equal to the fair market value
thereof (as determined by Borrower in its reasonable discretion). 
 To the extent the Required Lenders waive the provisions of this
Section 10.02 with respect to the sale of any Collateral, or any Collateral is sold as permitted by this Section 10.02 (other than to the Borrower or a Subsidiary thereof), such Collateral shall be sold free and clear of the Liens created
by the Security Documents, and the Administrative Agent and the Collateral Agent shall be authorized to take any actions deemed appropriate in order to effect and/or evidence the foregoing. 

10.03. Dividends. The Borrower will not, and will not permit any of its Subsidiaries to, authorize, declare or pay any Dividends
with respect to the Borrower or any of its Subsidiaries, except that: 
 (i) any Subsidiary of the Borrower may
pay cash Dividends to the Borrower or to any Wholly-Owned Subsidiary of the Borrower; 
 (ii) any
Non-Wholly-Owned Subsidiary of the Borrower may pay cash Dividends to its shareholders, members or partners generally, so long as the Borrower or its respective Subsidiary which owns the Equity Interest in the Subsidiary paying such Dividends
receives at least its proportionate share thereof (based upon its relative holding of the Equity Interest in the Subsidiary paying such Dividends and taking into account the relative preferences, if any, of the various classes of Equity Interests of
such Subsidiary); and 
 (iii) the Borrower may pay Dividends not otherwise permitted hereto in an aggregate
amount not to exceed $2,500,000 at any time or $1,000,000 in any Fiscal Year to (A) purchase, redeem, retire or otherwise acquire Equity Interests, or options or other equity or phantom equity in respect of Equity Interests, of the Borrower or
any Subsidiary of the Borrower from present or former directors, officers, employees or consultants of the Borrower or such Subsidiary upon the death, disability, retirement, severance or termination of employment or engagement of such director,
officer, employee or consultant, and (B) make aggregate payments in respect of any other purchases or repurchases of the Equity Interests of the Borrower or any Subsidiary of the Borrower; provided that, in each case, no Default or Event
of Default then exists or would result therefrom. 
 10.04. Indebtedness. The Borrower will not, and will not permit any
of its Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness (Indebtedness described below is herein referred to as “Permitted Indebtedness”), except: 

(i) Indebtedness incurred pursuant to this Agreement and the other Credit Documents; 

(ii) Existing Indebtedness outstanding on the Initial Borrowing Date and listed on Schedule 10.04 to the Disclosure Letter
(as reduced by any repayments of principal thereof other than with the proceeds of Permitted Refinancing Indebtedness), without giving effect to any subsequent extension, renewal or refinancing thereof except through one or more issuances of
Permitted Refinancing Indebtedness in respect thereof; 

  
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 (iii) Indebtedness of the Borrower and its Subsidiaries under
(x) Interest Rate Protection Agreements entered into with respect to other Indebtedness permitted under this Section 10.04 and (y) Other Hedging Agreements entered into in the ordinary course of business and providing protection to
the Borrower and its Subsidiaries against fluctuations in currency values or commodity prices in connection with the Borrower’s or any of its Subsidiaries’ operations, in either case so long as the entering into of such Interest Rate
Protection Agreements or Other Hedging Agreements are bona fide hedging activities and are not for speculative purposes; 
 (iv) Indebtedness, including purchase money obligations (including obligations in respect of Mortgages, industrial revenue bonds, industrial development bonds, and similar financings) (A) in respect
of Capitalized Lease Obligations or (B) incurred to finance the acquisition, construction or improvement of any fixed or capital assets, and any modifications, extensions, renewals, refundings, replacements, refinancings and extensions of any
such Indebtedness that do not increase the outstanding principal amount thereof; provided that (x) in the case of clause (B) above, such Indebtedness is incurred prior to or within 90 days after such acquisition or the completion of
such construction or improvement and (y) the aggregate principal amount of Indebtedness permitted by this Section 10.04(iv) shall not exceed $10,000,000 at any time outstanding; 

(v) Indebtedness constituting Intercompany Loans to the extent permitted by Section 10.05(vii); 

(vi) Indebtedness consisting of unsecured guaranties (A) by the Credit Parties of each other’s Indebtedness and
lease and other contractual obligations permitted under this Agreement, (B) by Subsidiaries which are not Credit Parties of each other’s Indebtedness and lease and other contractual obligations permitted under this Agreement, (C) by
Subsidiaries which are not Credit Parties of Credit Parties’ Indebtedness and lease and other contractual obligations permitted under this Agreement, and (D) by the Credit Parties of Indebtedness and lease and other contractual obligations
permitted under this Agreement of any Subsidiary that is not a Credit Party, provided that such obligations with respect to this clause (D) shall not exceed $2,500,000 outstanding in principal amount at any time; 

(vii) Indebtedness of a Subsidiary of the Borrower acquired pursuant to a Permitted Acquisition or other permitted
Investment (or Indebtedness assumed at the time of a Permitted Acquisition or other permitted Investment of an asset securing such Indebtedness) (any such Indebtedness, “Permitted Acquired Debt”) and any Permitted Refinancing
Indebtedness in respect thereof, provided that (x) such Indebtedness was not incurred in connection with, or in anticipation or contemplation of, such Permitted Acquisition or other permitted Investment and (y) the aggregate
principal amount of all Indebtedness permitted by this clause (vii) shall not exceed $5,000,000 at any one time outstanding; 
 (viii) 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, so long
as such Indebtedness is extinguished within four Business Days of its incurrence; 
 (ix) Indebtedness of the
Borrower and its Subsidiaries with respect to performance bonds, surety bonds, appeal bonds, customs bonds, completion guarantees, workers’ compensation claims or like instruments in the ordinary course of business or in connection with the
enforcement of rights or claims of the Borrower or any of its Subsidiaries or in connection with judgments that do not result in a Default or an Event of Default or in connection with any Lien that is permitted pursuant to Section 10.01(xii);

  
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 (x) Indebtedness owed to any Person providing property, casualty, liability,
or other insurance to the Borrower or any of its Subsidiaries, so long as the amount of such Indebtedness is not in excess of the amount of the unpaid cost of, and shall be incurred only to defer the cost of, such insurance for the period in which
such Indebtedness is incurred and such Indebtedness is outstanding only for a period not exceeding twelve months; 
 (xi) Indebtedness of the Borrower or any of its Subsidiaries which may be deemed to exist in connection with agreements providing for indemnification, purchase price adjustments and similar obligations in
connection with the acquisition or disposition of assets in accordance with the requirements of this Agreement, so long as any such obligations are those of the Person making the respective acquisition or sale, and are not guaranteed by any other
Person except as permitted by Section 10.04(vi); 
 (xii) Indebtedness comprising deferred compensation,
severance, pension, health and retirement benefits or the equivalent thereof to current and former employees of the Borrower and its Subsidiaries; 
 (xiii) Indebtedness owed to (including in respect of letters of credit for the benefit of) any Person in connection with workers’ compensation, health, disability, or other employee benefits or
property, casualty or liability insurance provided by such Person to the Borrower or any Subsidiary pursuant to reimbursement or indemnification obligations to such Person, in each case, in the ordinary course of business; 

(xiv) Indebtedness incurred in respect of credit cards, credit card processing services, debit cards, or cash management
services, in each case, incurred in the ordinary course of business; 
 (xv) Indebtedness in respect of any
indemnification obligation, adjustment of purchase price, non-compete, or similar obligation of any Loan Party incurred in connection with one or more Permitted Acquisitions; 

(xvi) Permitted SenDEC Payments; 
 (xvii) Indebtedness in respect of netting services, overdraft protection and other similar services or otherwise in connection with deposit or securities accounts in the ordinary course of business;

 (xviii) Indebtedness arising in connection with endorsement of instruments for deposit in the ordinary course
of business; 
 (xix) unsecured Indebtedness of the Credit Parties incurred in connection with a Permitted
Acquisition in an aggregate principal amount not to exceed $25,000,000 at any time outstanding; provided that such Indebtedness (A) is not subject to any mandatory repayment prior to the date occurring twelve months following the latest
Maturity Date and (B) will be subordinated to the Obligations upon terms and conditions reasonably satisfactory to the Administrative Agent; 

  
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 (xx) Indebtedness incurred in connection with a Sale Leaseback permitted
under Sections 10.02(xx) and (xxi); and 
 (xxi) so long as no Default or Event of Default then exists or would
result therefrom, additional Indebtedness incurred by the Borrower and its Subsidiaries in an aggregate principal amount not to exceed $5,000,000 at any one time outstanding, which Indebtedness shall be unsecured unless otherwise permitted under
Section 10.01. 
 10.05. Advances, Investments and Loans. The Borrower will not, and will not permit any of its
Subsidiaries to, directly or indirectly, lend money or credit or make advances to any Person, or purchase or acquire any stock, obligations or securities of, or any other Equity Interest in, or make any capital contribution to, any other Person, or
purchase or own a futures contract or otherwise become liable for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract, or hold any cash or Cash Equivalents (each of the foregoing an
“Investment” and, collectively, “Investments”), except that the following shall be permitted: 
 (i) the Borrower and its Subsidiaries may acquire and hold accounts receivable or notes receivable owing to any of them, if created or acquired in the ordinary course of business and payable or
dischargeable in accordance with customary trade terms of the Borrower or such Subsidiary and any prepayments and other credits to suppliers or vendors made in the ordinary course of business; 

(ii) the Borrower and its Subsidiaries may acquire and hold cash and Cash Equivalents; 

(iii) the Borrower and its Subsidiaries may hold the Investments held by them on the Initial Borrowing Date and described
on Schedule 10.05 to the Disclosure Letter, including any modification, replacement, renewal or extension thereof which does not increase the amount thereof, provided that any additional Investments made with respect thereto shall be
permitted only if permitted under the other provisions of this Section 10.05; 
 (iv) the Borrower and its
Subsidiaries may acquire and own Investments (including debt obligations) received in connection with the workout, bankruptcy or reorganization of suppliers and customers and in settlement of delinquent obligations of, and other disputes with,
customers and suppliers arising in the ordinary course of business; 
 (v) the Borrower and its Subsidiaries may
make loans and advances to their officers, directors and employees for moving, relocation and travel expenses and other similar expenditures, in each case in the ordinary course of business in an aggregate amount not to exceed $1,000,000 at any time
(determined without regard to any write-downs or write-offs of such loans and advances); 
 (vi) the Borrower and
the other Credit Parties may enter into Interest Rate Protection Agreements and Other Hedging Agreements to the extent permitted by Section 10.04(iii); 
 (vii) (I) any Credit Party may make intercompany loans and advances to any other Credit Party, (II) any Credit Party may make intercompany loans and advances to any Subsidiary which is not a Credit Party,
(III) any Subsidiary which is not a Credit Party may make intercompany loans and advances to any Credit Party and (IV) any Subsidiary which is not a Credit Party may make intercompany loans and advances to any other Subsidiary that is not a

  
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Credit Party (such intercompany loans and advances referred to in preceding clauses (I) through (IV), collectively, the “Intercompany Loans”), provided, that
(u) at no time shall the aggregate outstanding principal amount of all Intercompany Loans made pursuant to preceding subclause (II) of this clause (vii), when added to the amount of contributions, acquisitions of Equity Interests,
capitalizations and forgivenesses theretofore made pursuant to subclause (II) of Section 10.05(viii) (for this purpose, taking the fair market value of any property (other than cash) so contributed at the time of such contribution), exceed
$2,500,000 (determined without regard to any write-downs or write-offs of such loans and advances and net of any returns on any such Investment in the form of a principal repayment, distribution, dividend or redemption, as applicable), (v) no
Intercompany Loan may be made pursuant to subclause (II) above at any time that a Default or an Event of Default has occurred and is continuing, (w) each Intercompany Loan shall be evidenced by an Intercompany Note, (x) each such
Intercompany Note owned or held by a Credit Party shall be pledged to the Collateral Agent pursuant to the U.S. Guaranty and Collateral Agreement and/or Canadian Guaranty and Collateral Agreement, (y) each Intercompany Loan made by any
Subsidiary of the Borrower that is not a Credit Party to a Credit Party shall be subject to the subordination provisions contained in the respective Intercompany Note and (z) any Intercompany Loans made to any Subsidiary Guarantor or any
Wholly-Owned Foreign Subsidiary pursuant to this clause (vii) shall cease to be permitted by this clause (vii) if such Subsidiary Guarantor or Wholly-Owned Foreign Subsidiary, as the case may be, ceases to constitute a Subsidiary Guarantor
that is a Wholly-Owned Domestic Subsidiary or a Wholly-Owned Foreign Subsidiary, as the case may be; 
 (viii)
(I) any Credit Party may make Investments in any other Credit Party and may capitalize or forgive any Indebtedness owed to it by such other Credit Party, (II) any Credit Party may make Investments in any Subsidiary which is not a Credit Party and
may capitalize or forgive any Indebtedness outstanding under clause (vii) of this Section 10.05 that is owed to such Credit Party by any Subsidiary which is not a Credit Party, and (III) any Subsidiary which is not a Credit Party may make
Investments in any other Subsidiary that is not a Credit Party and may capitalize or forgive any Indebtedness owed to it by such other Subsidiary which is not a Credit Party; provided that (w) the aggregate amount of Investments,
capitalizations and forgiveness on and after the Initial Borrowing Date made pursuant to preceding subclause (II) (for this purpose, taking the fair market value of any property (other than cash) so contributed at the time of such contribution),
when added to the aggregate outstanding principal amount of Intercompany Loans made to Subsidiaries which are not Credit Parties pursuant to subclause (II) of Section 10.05(vii) (determined (A) without regard to any write-downs or
write-offs thereof and (B) net of any returns on any such Investment in the form of a principal repayment, distribution, dividend or redemption, as applicable), shall not exceed an amount equal to $2,500,000, (x) no contribution,
capitalization or forgiveness may be made pursuant to preceding subclause (II) at any time that a Default or an Event of Default has occurred and is continuing, (y) in the case of any contribution pursuant to preceding subclause (I), any
security interest granted to the Collateral Agent for the benefit of the Secured Creditors pursuant to the Security Documents in any assets so contributed shall remain in full force and effect and perfected (to at least the same extent as in effect
immediately prior to such contribution) and all actions required to maintain said perfected status have been taken and (z) any Investment made in or to any Subsidiary Guarantor or any Wholly-Owned Foreign Subsidiary pursuant to this clause
(viii) shall cease to be permitted hereunder if such Subsidiary Guarantor or Wholly-Owned Foreign Subsidiary, as the case may be, ceases to constitute a Subsidiary Guarantor that is a Wholly-Owned Domestic Subsidiary or a Wholly-Owned Foreign
Subsidiary, as the case may be, unless all such Investments are transferred to a Person other than the Borrower or any Subsidiary of the Borrower in a transaction permitted under Section 10.02; 

  
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 (ix) the Borrower and its Subsidiaries may own the Equity Interests of their
respective Subsidiaries created or acquired in accordance with the terms of this Agreement (so long as all amounts invested in such Subsidiaries are independently justified under another provision of this Section 10.05); 

(x) Contingent Obligations permitted by Section 10.04, to the extent constituting Investments; 

(xi) Permitted Acquisitions shall be permitted in accordance with the terms of this Agreement (including, for the
avoidance of doubt, the formation of any Subsidiary in connection with such Permitted Acquisitions and the capitalization of such Subsidiary whether by capital contribution or intercompany loans); 

(xii) the Borrower and its Subsidiaries may receive and hold promissory notes and other non-cash consideration received in
connection with any asset sale or other disposition permitted by Section 10.02(iv); 
 (xiii) the Borrower
and its Subsidiaries may make advances in the form of a prepayment of expenses to vendors, suppliers and trade creditors consistent with their past practices, so long as such expenses were incurred in the ordinary course of business of the Borrower
or such Subsidiary; 
 (xiv) Investments in the ordinary course of business consisting of endorsements of
negotiable instruments for collection or deposit; 
 (xv) Investments acquired in connection with Permitted
Acquisitions so long as such Investments have not been acquired in contemplation of such Permitted Acquisitions, including any modification, replacement, renewal or extension thereof which does not increase the amount thereof; 

(xvi) earnest money deposits in connection with Permitted Acquisitions or any other acquisition of property or assets not
otherwise prohibited by this Agreement or the other Loan Documents; 
 (xvii) the Acquisition shall be permitted
in accordance with the terms of the Acquisition Documents; 
 (xviii) the Borrower may acquire and hold
obligations of one or more officers or other employees of Borrower or its Subsidiaries in connection with such officers’ or employees’ acquisitions of Borrower’s Equity Interests, so long as no cash is actually advanced by Borrower or
any of its Subsidiaries to such officers or employees in connection with the acquisition of any such obligations; and 
 (xix) in addition to Investments permitted by clauses (i) through (xviii) of this Section 10.05, the Borrower and its Subsidiaries may make additional loans, advances and other Investments
to or in a Person in an aggregate amount for all loans, advances and other Investments made pursuant to this clause (xix) (determined without regard to any write-downs or write-offs thereof), net of cash repayments of principal in the case of
loans, sale proceeds in the case of Investments in the form of debt instruments and cash equity returns (whether as a distribution, dividend, redemption or sale) in the case of equity investments, not to exceed $5,000,000. 

  
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 10.06. Transactions with Affiliates. The Borrower will not, and will not permit any
of its Subsidiaries to, enter into any transaction or series of related transactions with any Affiliate of the Borrower or any of its Subsidiaries, other than in the ordinary course of business and on terms and conditions substantially as favorable
to the Borrower or such Subsidiary as would reasonably be obtained by the Borrower or such Subsidiary at that time in a comparable arm’s-length transaction with a Person other than an Affiliate, except that the following in any event shall be
permitted: 
 (i) Dividends may be paid to the extent provided in Section 10.03; 

(ii) loans may be made and other transactions may be entered into by the Borrower and its Subsidiaries to the extent
permitted by Sections 10.02, 10.04 and 10.05; 
 (iii) customary fees, indemnities and reimbursements may be paid
to non-officer directors of the Borrower and its Subsidiaries; 
 (iv) the Borrower and its Subsidiaries may
enter into, and may make payments under, employment agreements, employee benefits plans, stock option plans, indemnification provisions and other similar compensatory arrangements with officers, employees and directors of the Borrower and its
Subsidiaries in the ordinary course of business; 
 (v) Subsidiaries of the Borrower may pay management fees,
licensing fees and similar fees to any Credit Party; and 
 (vi) any transaction between or among the Borrower
and any of its Subsidiaries or between or among any of the Subsidiaries. 
 Notwithstanding anything to the contrary contained above in this
Section 10.06, in no event shall the Borrower or any of its Subsidiaries pay any management, consulting or similar fee to any of their respective Affiliates except as specifically provided in clause (v) of this Section 10.06.

 10.07. Capital Expenditures. (a) The Borrower will not, and will not permit any of its Subsidiaries to make any
Capital Expenditures, except that during any Fiscal Year of the Borrower set forth below (taken as one accounting period), the Borrower and its Subsidiaries may make Capital Expenditures so long as the aggregate amount of all such Capital
Expenditures does not exceed in any Fiscal Year of the Borrower set forth below the amount set forth opposite such Fiscal Year below: 
  

					
	 Fiscal Year Ending
	  	Amount	 
		
	 November 30, 2011
	  	$	8,000,000	  
	 November 30, 2012
	  	$	8,000,000	  
	 November 30, 2013
	  	$	8,000,000	  
	 November 30, 2014
	  	$	8,000,000	  
	 November 30, 2015
	  	$	8,000,000	  
	 November 30, 2016
	  	$	8,000,000	  
	 November 30, 2017
	  	$	8,000,000	  
	 November 30, 2018
	  	$	8,000,000	  

 (b) In addition to the foregoing, in the event that the amount of Capital Expenditures permitted to be
made by the Borrower and its Subsidiaries pursuant to clause (a) above in any Fiscal Year of the Borrower (before giving effect to any increase in such permitted Capital Expenditure amount pursuant to this clause (b)) is greater than the amount
of Capital Expenditures 

  
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actually made by the Borrower and its Subsidiaries during such Fiscal Year, such excess may be carried forward and utilized to make Capital Expenditures in the immediately succeeding Fiscal Year,
provided that (x) no amounts once carried forward pursuant to this Section 10.07(b) may be carried forward to any Fiscal Year of the Borrower thereafter and (y) no amounts carried forward into a subsequent Fiscal Year may be
used until all Capital Expenditures permitted pursuant to clause (a) above for such subsequent Fiscal Year are first used in full. 
 (c) In addition to the foregoing, the Borrower and its Subsidiaries may make additional Capital Expenditures (which Capital Expenditures will not be included in any determination under
Section 10.07(a) or (b)) with the amount of Net Sale Proceeds received by the Borrower or any of its Subsidiaries from any Asset Sale so long as such Net Sale Proceeds are reinvested within 12 months following the date of such Asset Sale (or if
the Borrower or such Subsidiary has entered into a binding commitment to reinvest prior to the last day of such 12-month period, within 18 months of such Asset Sale), but only to the extent that such Net Sale Proceeds are not otherwise required to
be applied as a mandatory repayment pursuant to Section 5.02(e). 
 (d) In addition to the foregoing, the Borrower and its
Subsidiaries may make additional Capital Expenditures (which Capital Expenditures will not be included in any determination under Section 10.07(a) or (b)) with the amount of Net Cash Proceeds received by the Borrower or any of its Subsidiaries
from any Recovery Event so long as such Net Cash Proceeds are used to purchase assets (other than inventory and working capital) used or to be used in the businesses permitted pursuant to Section 10.13 within 12 months following the date of the
receipt of such Net Cash Proceeds (or if the Borrower or such Subsidiary has entered into a binding commitment to reinvest prior to the last day of such 12-month period, within 18 months of such Recovery Event), but only to the extent that such Net
Cash Proceeds are not otherwise required to be applied as a mandatory repayment pursuant to Section 5.02(g). 
 (e) In
addition to the foregoing, the Borrower and its Subsidiaries may make additional Capital Expenditures (which Capital Expenditures will not be included in any determination under Section 10.07(a) or (b)) constituting Permitted Acquisitions
effected in accordance with the requirements of the definition of “Permitted Acquisitions”. 
 10.08. Interest
Coverage Ratio. As of the last day of the Fiscal Quarter ending on each date set forth below, the Borrower will not permit the Interest Expense Coverage Ratio for the Test Period ending on such date to be less than the ratio set forth opposite
such Fiscal Quarter below: 
  

			
	 Fiscal Quarter Ending
	  	Ratio
		
	 August 31, 2011
	  	3.00:1.00
		
	 November 30, 2011
	  	3.25:1.00
		
	 February 29, 2012
	  	3.50:1.00
		
	 May 31, 2012 and each Fiscal Quarter ending thereafter
	  	4.00:1.00

  
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 10.09. Total Leverage Ratio. The Borrower will not permit the Total Leverage Ratio as
of the last day of any period set forth below to be greater than the ratio set forth opposite such period below: 
  

			
	 Fiscal Quarter Ending
	  	Ratio
		
	 August 31, 2011
	  	4.50:1.00
		
	 November 30, 2011
	  	4.00:1.00
		
	 February 29, 2012
	  	3.50:1.00
		
	 May 31, 2012
	  	3.25:1.00
		
	 August 31, 2012
	  	3.00:1.00
		
	 November 30, 2012
	  	2.75:1.00
		
	 February 28, 2013
	  	2.50:1.00
		
	 May 31, 2013
	  	2.50:1.00
		
	 August 31, 2013
	  	2.25:1.00
		
	 November 30, 2013
	  	2.25:1.00
		
	 February 28, 2014 and each Fiscal Quarter ending thereafter
	  	2.00:1.00

 10.10. Modifications of Acquisition Documents, Certificate of Incorporation, By-Laws and Certain Other
Agreements, etc. The Borrower will not, and will not permit any of its Subsidiaries to: 
 (a) amend, modify, change or
waive any term or provision of any Acquisition Document unless such amendment, modification, change or waiver could not reasonably be expected to be materially adverse to the interests of the Lenders or the same is approved in advance by the
Administrative Agent (such consent not to be unreasonably withheld, delayed or conditioned); and 
 (b) amend, modify or change
its certificate or articles of incorporation (including, without limitation, by the filing or modification of any certificate or articles of designation), certificate of formation, limited liability company agreement or by-laws (or the equivalent
organizational documents), unanimous shareholder declarations (solely with respect to Canadian Subsidiary Guarantors) or shareholder agreements (solely with respect to Canadian Subsidiary Guarantors), as applicable, or any agreement entered into by
it with respect to its capital stock or other Equity Interests, or enter into any new agreement with respect to its capital stock or other Equity Interests, unless such amendment, modification, change or other action contemplated by this clause
(b) could not reasonably be expected to be materially adverse to the interests of the Lenders; provided that, for the avoidance of doubt, each of the Borrower and its Subsidiaries may issue capital stock or other Equity Interests to the
extent permitted under Section 10.12 (and, in connection therewith, may amend, modify or change its certificate or articles of incorporation (including, without limitation, by the filing or modification of any certificate or articles of
designation), certificate of formation, limited liability company agreement or by-laws (or the equivalent organizational documents), unanimous shareholder declarations (solely with respect to Canadian Subsidiary Guarantors) or shareholder agreements
(solely with respect to Canadian Subsidiary Guarantors), as applicable, or any agreement entered into by it with respect to its capital stock or other Equity Interests, or enter into any new agreement with respect to its capital stock or other
Equity Interests). 
 10.11. Limitation on Certain Restrictions on Subsidiaries. The Borrower will not, and will not
permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any such Subsidiary

  
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to (a) pay dividends or make any other distributions on its capital stock or any other Equity Interest or participation in its profits owned by the Borrower or any of its Subsidiaries, or
pay any Indebtedness owed to the Borrower or any of its Subsidiaries, (b) make loans or advances to the Borrower or any of its Subsidiaries or (c) transfer any of its properties or assets to the Borrower or any of its Subsidiaries, except
for such encumbrances or restrictions existing under or by reason of (i) applicable law, (ii) this Agreement and the other Credit Documents, (iii) customary provisions restricting subletting or assignment of any lease governing any
leasehold interest of the Borrower or any of its Subsidiaries, (iv) customary provisions restricting assignment of any licensing agreement (in which the Borrower or any of its Subsidiaries is the licensee) or other contract entered into by the
Borrower or any of its Subsidiaries in the ordinary course of business, (v) restrictions on the transfer of any asset pending the close of the sale of such asset and customary restrictions contained in purchase agreements, acquisition
agreements (including by way of merger, acquisition or consolidation) to the extent in effect pending the consummation of such transaction, (vi) restrictions on the transfer of any asset subject to a Lien permitted by Section 10.01;
(vii) any agreement or instrument governing Permitted Acquired Debt, which encumbrance or restriction is not applicable to any Person or the properties or assets of any Person, other than the Person or the properties or assets of the Person
acquired pursuant to the respective Permitted Acquisition or Investment and so long as the respective encumbrances or restrictions were not created (or made more restrictive) in connection with or in anticipation of the respective Permitted
Acquisition or Investment; (viii) restrictions applicable to any joint venture that is a Subsidiary existing at the time of the acquisition thereof as a result of an Investment pursuant to Section 10.05 or a Permitted Acquisition effected
in accordance with the terms of this Agreement; provided that the restrictions applicable to such joint venture are not made more burdensome, from the perspective of the Borrower and its Subsidiaries, than those as in effect immediately
before giving effect to the consummation of the respective Investment or Permitted Acquisition; (ix) customary restrictions contained in any agreement governing Indebtedness that is otherwise permitted pursuant to Section 10.04, provided
that such restrictions are not materially more burdensome, from the perspective of the Borrower and its Subsidiaries, than those contained in this Agreement; and (x) customary net worth provisions or other financial maintenance provisions
contained in Real Property leases entered into by the Borrower or any Subsidiary, so long as the Borrower has determined in good faith that such net worth provisions or other financial maintenance provisions could not reasonably be expected to
impair the ability of the Credit Parties to meet their ongoing obligations under the Credit Documents. 
 10.12. Limitation
on Issuance of Equity Interests. (a) The Borrower will not, and will not permit any of its Subsidiaries (other than Wholly-Owned Subsidiaries) to, issue (i) any Preferred Equity (other than Qualified Preferred Stock) or (ii) any
redeemable common stock or other redeemable common Equity Interests other than common stock or other redeemable common Equity Interests that is or are redeemable at the sole option of the Borrower or such Subsidiary, as the case may be.
Notwithstanding anything herein to the contrary, API Nanotronics Sub, Inc. may issue Equity Interests in accordance with the Plan of Arrangement undertaken pursuant to that certain Combination Agreement dated as of May 5, 2006, by and among the
Borrower f/k/a Rubincon Ventures Inc., API Electronics Group Corp., and API Nanotronics Sub, Inc. f/k/a RVI Sub, Inc. 
 (b) The
Borrower will not permit any of its Subsidiaries to issue any capital stock or other Equity Interests (including by way of sales of treasury stock) or any options or warrants to purchase, or securities convertible into, capital stock or other Equity
Interests, except (i) for transfers and replacements of then outstanding shares of capital stock or other Equity Interests, (ii) for stock splits, stock dividends and other issuances which do not decrease the percentage ownership of the
Borrower or any of its Subsidiaries in any class of the capital stock or other Equity Interests of such Subsidiary, (iii) in the case of Foreign Subsidiaries of the Borrower, to qualify directors to the extent required by applicable law and for
other nominal share issuances to Persons other than the Borrower and its Subsidiaries to the extent required under applicable law, (iv) for issuances by Subsidiaries of the Borrower which are newly created or acquired in accordance with the
terms of this Agreement and (v) Non-Wholly Owned Subsidiaries may issue Equity Interests. 

  
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 10.13. Business; etc. The Borrower will not, and will not permit any of its
Subsidiaries to, engage directly or indirectly in any business other than the businesses engaged in by the Borrower and its Subsidiaries as of the Initial Borrowing Date and reasonable extensions thereof and businesses ancillary or complimentary
thereto. 
 10.14. Limitation on Creation of Subsidiaries. (a) The Borrower will not, and will not permit any of its
Subsidiaries to, establish, create or acquire after the Initial Borrowing Date any Subsidiary (other than Non-Wholly Owned Subsidiaries permitted to be established, created or acquired in accordance with the requirements of Section 10.14(b)),
provided that the Borrower and its Wholly-Owned Subsidiaries shall be permitted to establish, create and, to the extent permitted by this Agreement, acquire Wholly-Owned Subsidiaries, so long as, in each case, (i) at least 5 days’
prior written notice thereof is given to the Administrative Agent (or such shorter period of time as is acceptable to the Administrative Agent in any given case), (ii) subject to Section 13.17, the capital stock or other Equity Interests
of such new Subsidiary are promptly pledged pursuant to, and to the extent required by, this Agreement, the U.S. Guaranty and Collateral Agreement and the Canadian Guaranty and Collateral Agreement and the certificates, if any, representing such
stock or other Equity Interests, together with stock or other appropriate powers duly executed in blank, are delivered to the Collateral Agent (provided that in no event shall stock representing more than 65% of the total combined voting power of
each class of capital stock or other Equity Interests of any Subsidiary that is not a Domestic Subsidiary or a Canadian Subsidiary be required to be pledged), (iii) each such new Wholly-Owned Domestic Subsidiary that is not an Immaterial
Subsidiary executes a counterpart of the U.S. Guaranty and Collateral Agreement pursuant to the terms of Section 9.12, and (iv) each such new Wholly-Owned Domestic Subsidiary that is not an Immaterial Subsidiary, to the extent requested by
the Administrative Agent or the Required Lenders, takes all actions required pursuant to Section 9.12. In addition, each new Wholly-Owned Subsidiary that is required to execute any Credit Document shall execute and deliver, or cause to be
executed and delivered, all other relevant documentation (including opinions of counsel) of the type described in Section 6 as such new Subsidiary would have had to deliver if such new Subsidiary were a Credit Party on the Initial Borrowing
Date. 
 (b) In addition to Subsidiaries of the Borrower created pursuant to preceding clause (a), the Borrower and its
Subsidiaries may establish, acquire or create, and make Investments in, Non-Wholly Owned Subsidiaries after the Effective Date as a result of Permitted Acquisitions (subject to the limitations contained in the definition thereof) and Investments
expressly permitted to be made pursuant to Section 10.05, provided that, subject to Section 13.17, all of the capital stock or other Equity Interests of each such Non-Wholly Owned Subsidiary shall be pledged by any Credit Party
which owns same as, and to the extent, required by the U.S. Guaranty and Collateral Agreement or the Canadian Guaranty and Collateral Agreement (provided that in no event shall stock representing more than 65% of the total combined voting power of
each class of capital stock or other Equity Interests of any Subsidiary that is not a Domestic Subsidiary or a Canadian Subsidiary be required to be pledged). 
 10.15. Negative Pledges. The Borrower will not, and will not permit any of its Subsidiaries to, agree or covenant with any Person to restrict in any way its ability to grant any Lien on its assets
in favor of the Lenders, except that this Section 10.15 shall not apply to: 
 (i) any covenants contained
in this Agreement or any other Credit Documents or exist on the date hereof; 

  
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 (ii) covenants and agreements made in connection with any agreement relating
to secured Indebtedness permitted by this Agreement but only if such covenant or agreement applies solely to the specific asset or assets to which such Lien relates; 

(iii) customary provisions in leases, subleases, licenses or sublicenses and other contracts restricting the right of
assignment thereof; 
 (iv) restrictions imposed by law; 

(v) customary restrictions and conditions contained in (A) agreements relating to any sale of assets or Equity
Interests and (B) purchase agreements, acquisition agreements (including by way of merger, acquisition or consolidation) to the extent in effect pending the consummation of such transaction, in each case, pending such transaction, provided such
restrictions and conditions apply only to the Person or property subject to such transaction; 
 (vi) negative
pledges and restrictions on Liens in favor of any holder of Indebtedness permitted under Section 10.04 but solely to the extent any negative pledge relates to the property financed by such Indebtedness; 

(vii) negative pledges and restrictions on Liens in favor of any holder of Indebtedness permitted under
Section 10.04, provided that any such negative pledge or restriction shall not restrict in any way the ability of the Borrower or any Subsidiary to grant any Lien on its assets in favor of the Lenders; 

(viii) restrictions on cash or other deposits imposed by customers under contracts entered into in the ordinary course of
business; and 
 (ix) any restrictions on Liens imposed by any amendments, modifications, restatements or
renewals of the agreements, contracts or instruments referred to in clauses (i) through (vii) above, provided that such amendments, modifications, restatements or renewals, taken as a whole, are not more restrictive with respect to such
encumbrances or restrictions than those contained in such predecessor agreements, contracts or instruments. 
 10.16.
Registered Pension Plans. Neither the Borrower nor any of its Subsidiaries shall establish or commence contributing to a “registered pension plan” as such term is defined in the Income Tax Act (Canada). 

SECTION 11. Events of Default. 
 Upon the occurrence of any of the following specified events (each, an “Event of Default”): 
 11.01. Payments. The Borrower shall (i) default in the payment when due of any principal of any Loan or any Note or (ii) default, and such default shall continue unremedied for three or
more Business Days, in the payment when due of any interest on any Loan or Note, or any Fees or any other amounts owing hereunder or under any other Credit Document; or 
 11.02. Representations, etc. Any representation, warranty or statement made or deemed made by any Credit Party herein or in any other Credit Document or in any certificate delivered to the
Administrative Agent or any Lender pursuant hereto or thereto shall prove to be untrue in any material respect on the date as of which made or deemed made; or 

  
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 11.03. Covenants. The Borrower or any of its Subsidiaries shall (i) default in
the due performance or observance by it of any term, covenant or agreement contained in Section 9.01(f)(i), 9.04 (with respect to the Borrower’s existence), 9.08, 9.11 or Section 10 or (ii) default in the due performance or
observance by it of any other term, covenant or agreement contained in this Agreement or any other Credit Document (other than those set forth in Sections 11.01 and 11.02) and such default shall continue unremedied for a period of 30 days after the
earlier of (i) the date on which such default shall first become known to any officer of the Borrower or any other Credit Party or (ii) the date on which written notice thereof is given to the defaulting party by the Administrative Agent
or the Required Lenders; or 
 11.04. Default Under Other Agreements. (i) The Borrower or any of its Subsidiaries
shall (x) default in any payment of any Indebtedness (other than the Obligations) beyond the period of grace, if any, provided in an instrument or agreement under which such Indebtedness was created or (y) default in the observance or
performance of any agreement or condition relating to any Indebtedness (other than the Obligations) or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect
of which default or other event or condition is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice is required), any
such Indebtedness to become due prior to its stated maturity, or (ii) any Indebtedness (other than the Obligations) of the Borrower or any of its Subsidiaries shall be declared to be (or shall become) due and payable, or required to be prepaid
other than by a regularly scheduled required prepayment, prior to the stated maturity thereof, provided that it shall not be a Default or an Event of Default under this Section 11.04 unless the aggregate principal amount of all
Indebtedness as described in preceding clauses (i) and (ii) is at least $5,000,000, and provided further that this Section 11.04 shall not apply to any secured Indebtedness that becomes due as a result of the voluntary sale or other
disposition of the property or assets securing such Indebtedness; or 
 11.05. Bankruptcy, etc. The Borrower or
any of its Subsidiaries shall commence a voluntary case concerning itself under Title 11 of the United States Code entitled “Bankruptcy,” as now or hereafter in effect, or any successor thereto (the “Bankruptcy Code”); or
an involuntary case is commenced against the Borrower or any of its Subsidiaries, and the petition is not controverted within 45 days, or is not dismissed within 45 days after the filing thereof, provided, however, that during the
pendency of such period, each Lender shall be relieved of its obligation to extend credit hereunder; or a custodian (as defined in the Bankruptcy Code), receiver, receiver-manager, administrator, monitor, trustee or similar official, is appointed
for, or takes charge of, all or substantially all of the property of the Borrower or any of its Subsidiaries, to operate all or any substantial portion of the business of the Borrower or any of its Subsidiaries, or the Borrower or any of its
Subsidiaries commences any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction (including any Canadian Insolvency Law) whether now
or hereafter in effect relating to the Borrower or any of its Subsidiaries, or there is commenced against the Borrower or any of its Subsidiaries any such proceeding which remains undismissed for a period of 45 days after the filing thereof, or the
Borrower or any of its Subsidiaries is adjudicated insolvent or bankrupt; or any order of relief or other order approving any such case or proceeding is entered; or the Borrower or any of its Subsidiaries makes a general assignment for the benefit
of creditors; or any Company action is taken by the Borrower or any of its Subsidiaries for the purpose of effecting any of the foregoing; or 
 11.06. ERISA. 
 (a) one or more ERISA Events shall have occurred, or

  
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 (b) there is or arises an Unfunded Pension Liability (taking into account only Plans with
positive Unfunded Pension Liability); or 
 (c) there is or arises any potential withdrawal liability under Section 4201 of
ERISA, if the Borrower, any Subsidiary of the Borrower or the ERISA Affiliates were to withdraw completely from any and all Multiemployer Plans; 
 and the liability of any or all of the Borrower, any Subsidiary of the Borrower and the ERISA Affiliates contemplated by the foregoing clauses (a), (b) and (c), either individually or in the
aggregate, has had or would be reasonably expected to have, a Material Adverse Effect; or 
 11.07. Security Documents.
Any of the Security Documents shall cease to be in full force and effect, or shall cease to give the Collateral Agent for the benefit of the Secured Creditors the Liens, rights, powers and privileges purported to be created thereby (including,
without limitation, a perfected security interest in, and Lien on, all of the Collateral, in favor of the Collateral Agent, superior to and prior to the rights of all third Persons (except as permitted by Section 10.01), and subject to no other
Liens (except as permitted by Section 10.01), or any Credit Party shall default in the due performance or observance of any term, covenant or agreement on its part to be performed or observed pursuant to any such Security Document and such
default shall continue beyond the period of grace, if any, specifically applicable thereto pursuant to the terms of such Security Document; provided that the failure to have a perfected and enforceable Lien on Collateral in favor of the
Collateral Agent shall not give rise to an Event of Default under this Section 11.07, unless the aggregate fair market value of all Collateral over which the Collateral Agent fails to have a perfected and enforceable Lien, except to the extent
that any lack of perfection or enforceability results from any act or omission of the Collateral Agent or the Administrative Agent (so long as such act or omission does not result from the breach or non-compliance by a Credit Party with the terms of
any Credit Document), equals or exceeds $1,500,000; or 
 11.08. Guaranties. Any Guaranty or any provision thereof shall
cease to be in full force or effect as to any Guarantor (except as a result of a release of any Subsidiary Guarantor in accordance with the terms thereof), or any Guarantor or any Person acting for or on behalf of such Guarantor shall deny or
disaffirm such Guarantor’s obligations under the Guaranty to which it is a party or any Guarantor shall default in the due performance or observance of any term, covenant or agreement on its part to be performed or observed pursuant to the
Guaranty to which it is a party; or 
 11.09. Judgments. One or more judgments or decrees shall be entered against the
Borrower or any Subsidiary of the Borrower involving in the aggregate for the Borrower and its Subsidiaries a liability (not paid or to the extent not covered by a reputable and solvent insurance company) and such judgments and decrees either shall
be final and non-appealable or shall not be vacated, discharged or stayed or bonded pending appeal for any period of 30 consecutive days, and the aggregate amount of all such judgments equals or exceeds $5,000,000; 

11.10. Invalidity of Credit Documents. Subject to the $1,500,000 materiality threshold in Section 11.07, any material
provision of any Credit 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 10.02) or the
satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Credit Party contests in writing the validity or enforceability of any provision of any Credit Document; or any Credit Party denies in writing that it has any
or further liability or obligation under any Credit Document (other than as a result of repayment in full of the Obligations and termination of the Total Commitments), or purports in writing to revoke or rescind any Credit Document; or 

  
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 11.11. Change of Control. A Change of Control shall occur; 

then, and in any such event, and at any time thereafter, if any Event of Default shall then be continuing, the Administrative Agent, upon the written
request of the Required Lenders, shall by written notice to the Borrower, take any or all of the following actions, without prejudice to the rights of the Administrative Agent, any Lender or the holder of any Note to enforce its claims against any
Credit Party (provided that, if an Event of Default specified in Section 11.05 shall occur with respect to the Borrower, the result which would occur upon the giving of written notice by the Administrative Agent as specified in clauses
(i) and (ii) below shall occur automatically without the giving of any such notice): (i) declare the Total Commitment terminated, whereupon all Commitments of each Lender shall forthwith terminate immediately and any Commitment
Commission shall forthwith become due and payable without any other notice of any kind; (ii) declare the principal of and any accrued interest in respect of all Loans and the Notes and all Obligations owing hereunder and thereunder to be,
whereupon the same shall become, forthwith due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by each Credit Party; (iii) enforce, as Collateral Agent, all of the Liens and security
interests created pursuant to the Security Documents; (iv) enforce each Guaranty; and (v) apply any cash collateral held by the Administrative Agent pursuant to Section 5.02 to the repayment of the Obligations. 

11.12. Borrower’s Right to Cure. Notwithstanding anything to the contrary contained in Sections 11.01 through 11.11,
inclusive, in the event of any Event of Default under any covenant set forth in Section 10.08 or Section 10.09, until the expiration of the twentieth (20th) day after the date on which the compliance certificate is required to be
delivered pursuant to Section 9.01(e) with respect to the applicable Fiscal Quarter hereunder, the Borrower shall have the right (the “Cure Right”) to receive capital contributions and the Borrower may apply the amount of the
Net Cash Proceeds received thereof to increase Consolidated EBITDA with respect to such applicable Fiscal Quarter, including each subsequent Test Period that includes such Fiscal Quarter, (such quarter, a “Cure Quarter”) and if,
after giving effect to such increase in Consolidated EBITDA, the Borrower shall then be in compliance with the requirements of Sections 10.08 and 10.09, the Borrower shall be deemed to have satisfied the requirements set forth therein as of the
relevant Test Period with the same effect as though there had been no failure to comply therewith as such date, and the applicable breach or default that had occurred shall be deemed cured for purposes of this Agreement; provided that
(x) such Net Cash Proceeds (i) are actually received by the Borrower no later than twenty (20) days after the date on which financial statements are required to be delivered with respect to such Cure Quarter hereunder, and
(ii) do not exceed the aggregate amount necessary to cause the Borrower to be in compliance with Sections 10.08 or 10.09, as the case may be, for the applicable period (but, for such purpose, not taking into account any repayment of
Indebtedness in connection therewith required pursuant to Section 5.02(c)) and (y)(i) in each four Fiscal Quarter period, there shall be a period of at least two Fiscal Quarters in respect of which no Cure Right shall be exercised and
(ii) the Borrower shall not exercise more than four Cure Rights during the term of this Agreement. The parties hereby acknowledge that this Section 11.12 may not be relied on for purposes of calculating any financial ratios other than as
applicable to Section 10.08 or Section 10.09 and shall not result in any adjustment to Consolidated EBITDA other than for purposes of compliance with Section 10.08 or 10.09, as applicable. 

SECTION 12. The Administrative Agent. 
 12.01. Appointment. The Lenders hereby irrevocably designate and appoint MSSF as Administrative Agent (for purposes of this Section 12 and Section 13.01, the term “Administrative
Agent” also shall include MSSF in its capacity as Collateral Agent pursuant to the Security Documents) to act as specified herein and in the other Credit Documents. Each Lender hereby irrevocably authorizes, and each holder of any Note by the
acceptance of such Note shall be deemed irrevocably to authorize, the Administrative Agent to take such action on its behalf under the provisions of this Agreement, the other 

  
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Credit Documents and any other instruments and agreements referred to herein or therein and to exercise such powers and to perform such duties hereunder and thereunder as are specifically
delegated to or required of the Administrative Agent by the terms hereof and thereof and such other powers as are reasonably incidental thereto. The Administrative Agent may perform any of its respective duties hereunder by or through its officers,
directors, agents, employees or affiliates. 
 For greater certainty, and without limiting the powers of the Agents or any other
Person acting as an agent, attorney-in-fact or mandatary for the Agents under this Agreement or under any of the Credit Documents, each Lender (for itself and for all other Secured Creditors that are Affiliates of such Lender) and each Agent hereby
(i) irrevocably appoints and constitutes (to the extent necessary) and confirms the constitution of (to the extent necessary), the Collateral Agent as the holder of an irrevocable power of attorney (in such capacity, the “fondé
de pouvoir”) within the meaning of Article 2692 of the Civil Code of Québec for the purposes of entering and holding on their behalf, and for their benefit, any Liens, including hypothecs (“Hypothecs”),
granted or to be granted by any Credit Party on movable or immovable property pursuant to the laws of the Province of Québec to secure obligations of any Credit Party under any bond issued by any Credit Party and exercising such powers and
duties which are conferred upon the Collateral Agent in its capacity as fondé de pouvoir under any of the Hypothecs; and (ii) appoints (and confirms the appointment of) and agrees that the Collateral Agent, acting as agent for the
applicable Secured Creditors, may act as the custodian, registered holder and mandatary (in such capacity, the “Custodian”) with respect to any bond that may be issued and pledged from time to time for the benefit of the applicable
Secured Creditors. Each applicable Secured Creditor shall be entitled to the benefits of any charged property covered by any of the Hypothecs and will participate in the proceeds of realization of any such charged property, the whole in accordance
with the terms thereof. 
 The said constitution of the Collateral Agent as fondé de pouvoir (within the meaning of
Article 2692 of the Civil Code of Québec) and as Custodian with respect to any bond that may be issued and pledged by any Credit Party from time to time for the benefit of the applicable Secured Creditors shall be deemed to have been
ratified and confirmed by any assignee (for itself and any Affiliates of such assignee) by the execution of an Assignment and Assumption Agreement. 
 Notwithstanding the provisions of Section 32 of An Act Respecting the Special Powers of Legal Persons (Québec), each of the Administrative Agent and the Collateral Agent may
purchase, acquire and be the holder of any bond issued by any Credit Party. Each of the Credit Parties hereby acknowledges that any such bond shall constitute a title of indebtedness, as such term is used in Article 2692 of the Civil Code of
Québec. 
 The Collateral Agent herein appointed as fondé de pouvoir and as Custodian shall have the same
rights, powers and immunities as the Agents as stipulated in this Section 12 of the Credit Agreement, which shall apply mutatis mutandis. Without limiting the effect of the preceding provisions of this clause, the
provisions of Section 12.09 shall apply mutatis mutandis to the resignation and appointment of a successor to the Collateral Agent acting as fondé de pouvoir and as Custodian. 

12.02. Nature of Duties. (a) The Administrative Agent shall not have any duties or responsibilities except those expressly
set forth in this Agreement and in the other Credit Documents. Neither the Administrative Agent nor any of its officers, directors, agents, employees or affiliates shall be liable for any action taken or omitted by it or them hereunder or under any
other Credit Document or in connection herewith or therewith, unless caused by its or their gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision). The duties of the
Administrative Agent shall be mechanical and administrative in nature; the Administrative Agent shall not have by reason of this Agreement or any other Credit Document a fiduciary relationship in respect of any Lender or the holder of any Note; and
nothing in this Agreement or in any other Credit Document, 

  
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expressed or implied, is intended to or shall be so construed as to impose upon the Administrative Agent any obligations in respect of this Agreement or any other Credit Document except as
expressly set forth herein or therein. 
 (b) Notwithstanding any other provision of this Agreement or any provision of any
other Credit Document, the Lead Arranger is named as such for recognition purposes only, and in its capacity as such shall have no powers, duties, responsibilities or liabilities with respect to this Agreement or the other Credit Documents or the
transactions contemplated hereby and thereby, except as set forth in Section 6.06(b); it being understood and agreed that the Lead Arranger shall be entitled to all indemnification and reimbursement rights in favor of the Administrative Agent
as, and to the extent, provided for under Sections 12.06 and 13.01. Without limitation of the foregoing, the Lead Arranger shall not, solely by reason of this Agreement or any other Credit Documents, have any fiduciary relationship in respect of any
Lender or any other Person. 
 12.03. Lack of Reliance on the Administrative Agent. Independently and without reliance
upon the Administrative Agent, each Lender and the holder of each Note, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Borrower and its
Subsidiaries in connection with the making and the continuance of the Loans and the taking or not taking of any action in connection herewith and (ii) its own appraisal of the creditworthiness of the Borrower and its Subsidiaries and, except as
expressly provided in this Agreement, the Administrative Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Lender or the holder of any Note with any credit or other information with respect
thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter. The Administrative Agent shall not be responsible to any Lender or the holder of any Note for any recitals, statements, information,
representations or warranties herein or in any document, certificate or other writing delivered in connection herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectability, priority or sufficiency of
this Agreement or any other Credit Document or the financial condition of the Borrower or any of its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of
this Agreement or any other Credit Document, or the financial condition of the Borrower or any of its Subsidiaries or the existence or possible existence of any Default or Event of Default. 

12.04. Certain Rights of the Administrative Agent. If the Administrative Agent requests instructions from the Required Lenders
with respect to any act or action (including failure to act) in connection with this Agreement or any other Credit Document, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the
Administrative Agent shall have received instructions from the Required Lenders; and the Administrative Agent shall not incur liability to any Lender by reason of so refraining. Without limiting the foregoing, neither any Lender nor the holder of
any Note shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or refraining from acting hereunder or under any other Credit Document in accordance with the instructions of the
Required Lenders. 
 12.05. Reliance. The Administrative Agent shall be entitled to rely, and shall be fully protected in
relying, upon any note, writing, resolution, notice, statement, certificate, telex, teletype or telecopier message, cablegram, radiogram, order or other document or telephone message signed, sent or made by any Person that the Administrative Agent
believed to be the proper Person, and, with respect to all legal matters pertaining to this Agreement and any other Credit Document and its duties hereunder and thereunder, upon advice of counsel selected by the Administrative Agent. 

  
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 12.06. Indemnification. To the extent the Administrative Agent (or any affiliate
thereof) is not reimbursed and indemnified by the Borrower, the Lenders will reimburse and indemnify the Administrative Agent (and any affiliate thereof) in proportion to their respective “percentage” as used in determining the Required
Lenders (determined as if there were no Defaulting Lenders) for and against any and all liabilities, obligations, losses, damages, penalties, claims, actions, judgments, costs, expenses or disbursements of whatsoever kind or nature which may be
imposed on, asserted against or incurred by the Administrative Agent (or any affiliate thereof) in performing its duties hereunder or under any other Credit Document or in any way relating to or arising out of this Agreement or any other Credit
Document; provided that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, claims, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s
(or such affiliate’s) gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision). 
 12.07. The Administrative Agent in its Individual Capacity. With respect to its obligation to make Loans, under this Agreement, the Administrative Agent shall have the rights and powers specified
herein for a “Lender” and may exercise the same rights and powers as though it were not performing the duties specified herein; and the term “Lender,” “Majority Lenders”, “Required
Lenders,” or any similar terms shall, unless the context clearly indicates otherwise, include the Administrative Agent in its respective individual capacities. The Administrative Agent and its affiliates may accept deposits from, lend money
to, and generally engage in any kind of banking, investment banking, trust or other business with, or provide debt financing, equity capital or other services (including financial advisory services) to any Credit Party or any Affiliate of any Credit
Party (or any Person engaged in a similar business with any Credit Party or any Affiliate thereof) as if they were not performing the duties specified herein, and may accept fees and other consideration from any Credit Party or any Affiliate of any
Credit Party for services in connection with this Agreement and otherwise without having to account for the same to the Lenders. 
 12.08. Holders. The Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes hereof unless and until a written notice of the assignment, transfer or
endorsement thereof, as the case may be, shall have been filed with the Administrative Agent. Any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is the holder of any Note
shall be conclusive and binding on any subsequent holder, transferee, assignee or endorsee, as the case may be, of such Note or of any Note or Notes issued in exchange therefor. 

12.09. Resignation by the Administrative Agent. (a) The Administrative Agent may resign from the performance of all its
respective functions and duties hereunder and/or under the other Credit Documents at any time by giving 15 Business Days’ prior written notice to the Lenders and, unless a Default or an Event of Default under Section 11.05 then exists, the
Borrower. Such resignation shall take effect upon the appointment of a successor Administrative Agent pursuant to clauses (b) and (c) below or as otherwise provided below. 

(b) Upon any such notice of resignation by the Administrative Agent, the Required Lenders shall appoint a successor Administrative Agent
hereunder or thereunder who shall be a commercial bank or trust company reasonably acceptable to the Borrower, which acceptance shall not be unreasonably withheld or delayed (provided that the Borrower’s approval shall not be required if
an Event of Default then exists). 
 (c) If a successor Administrative Agent shall not have been so appointed within such 15
Business Day period, the Administrative Agent, with the consent of the Borrower (which consent shall not be unreasonably withheld or delayed, provided that the Borrower’s consent shall not be required

  
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if an Event of Default then exists), shall then appoint a successor Administrative Agent who shall serve as Administrative Agent hereunder or thereunder until such time, if any, as the Required
Lenders appoint a successor Administrative Agent as provided above. 
 (d) If no successor Administrative Agent has been
appointed pursuant to clause (b) or (c) above by the 20th Business Day after the date such notice of resignation was given by the Administrative Agent, the Administrative Agent’s resignation shall become effective and the Required
Lenders shall thereafter perform all the duties of the Administrative Agent hereunder and/or under any other Credit Document until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided above. 

(e) Upon a resignation of the Administrative Agent pursuant to this Section 12.09, the Administrative Agent shall remain indemnified
to the extent provided in this Agreement and the other Credit Documents and the provisions of this Section 12 (and the analogous provisions of the other Credit Documents) shall continue in effect for the benefit of the Administrative Agent for
all of its actions and inactions while serving as the Administrative Agent. 
 12.10. Collateral Matters. (a) Each
Lender authorizes and directs the Collateral Agent to enter into the Security Documents for the benefit of the Lenders and the other Secured Creditors. Each Lender hereby agrees, and each holder of any Note by the acceptance thereof will be deemed
to agree, that, except as otherwise set forth herein, any action taken by the Required Lenders in accordance with the provisions of this Agreement or the Security Documents, and the exercise by the Required Lenders of the powers set forth herein or
therein, together with such other powers as are reasonably incidental thereto, shall be authorized and binding upon all of the Lenders. The Collateral Agent is hereby authorized on behalf of all of the Lenders, without the necessity of any notice to
or further consent from any Lender, from time to time prior to an Event of Default, to take any action with respect to any Collateral or Security Documents which may be necessary to perfect and maintain perfected the security interest in and liens
upon the Collateral granted pursuant to the Security Documents. 
 (b) The Lenders hereby authorize the Collateral Agent, at its
option and in its discretion, to release any Lien granted to or held by the Collateral Agent upon any Collateral (i) upon termination of the Commitments and payment and satisfaction of all of the Obligations (other than inchoate indemnification
obligations) at any time arising under or in respect of this Agreement or the Credit Documents or the transactions contemplated hereby or thereby, (ii) constituting property being sold or otherwise disposed of (to Persons other than the
Borrower and its Subsidiaries) upon the sale or other disposition thereof in compliance with Section 10.02, (iii) if approved, authorized or ratified in writing by the Required Lenders (or all of the Lenders hereunder, to the extent
required by Section 13.12) or (iv) as otherwise may be expressly provided in the relevant Security Documents or the last sentence of each of Sections 10.01 and 10.02. Upon request by the Administrative Agent at any time, the Lenders will
confirm in writing the Collateral Agent’s authority to release particular types or items of Collateral pursuant to this Section 12.10. 
 (c) The Collateral Agent shall have no obligation whatsoever to the Lenders or to any other Person to assure that the Collateral exists or is owned by any Credit Party or is cared for, protected or
insured or that the Liens granted to the Collateral Agent herein or pursuant hereto have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise or to continue
exercising at all or in any manner or under any duty of care, disclosure or fidelity any of the rights, authorities and powers granted or available to the Collateral Agent in this Section 12.10 or in any of the Security Documents, it being
understood and agreed that in respect of the Collateral, or any act, omission or event related thereto, the Collateral Agent may act in any manner it may deem appropriate, in its sole discretion, given the Collateral Agent’s own interest in the

  
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Collateral as one of the Lenders and that the Collateral Agent shall have no duty or liability whatsoever to the Lenders, except for its gross negligence or willful misconduct (as determined by a
court of competent jurisdiction in a final and non-appealable decision). 
 12.11. Delivery of Information. The
Administrative Agent shall not be required to deliver to any Lender originals or copies of any documents, instruments, notices, communications or other information received by the Administrative Agent from any Credit Party, any Subsidiary, the
Required Lenders, any Lender or any other Person under or in connection with this Agreement or any other Credit Document except (i) as specifically provided in this Agreement or any other Credit Document and (ii) as specifically requested
from time to time in writing by any Lender with respect to a specific document, instrument, notice or other written communication received by and in the possession of the Administrative Agent at the time of receipt of such request and then only in
accordance with such specific request. 
 SECTION 13. Miscellaneous. 

13.01. Payment of Expenses, etc. (a) The Borrower hereby agrees to: (i) whether or not the transactions herein contemplated
are consummated, pay all reasonable and invoiced out-of-pocket costs and expenses of the Administrative Agent (including, without limitation, the reasonable fees and disbursements of one counsel for the Administrative Agent, one counsel in each
relevant local jurisdiction and one regulatory counsel) in connection with the preparation, execution, delivery and administration of this Agreement and the other Credit Documents and the documents and instruments referred to herein and therein and
of the Administrative Agent in connection with any amendment, waiver or consent relating hereto or thereto, of the Administrative Agent and its Affiliates in connection with its or their syndication efforts with respect to this Agreement and, after
the occurrence of an Event of Default, each of the Lenders in connection with the enforcement of this Agreement and the other Credit Documents and the documents and instruments referred to herein and therein or in connection with any refinancing or
restructuring of the credit arrangements provided under this Agreement in the nature of a “work-out” or pursuant to any insolvency or bankruptcy proceedings (including, in each case without limitation, the reasonable fees and disbursements
of one counsel (and one counsel in each relevant local jurisdiction and one regulatory counsel) for the Administrative Agent and the Lenders, such counsel to be selected by the Administrative Agent); (ii) pay and hold the Administrative Agent
and each of the Lenders harmless from and against any and all present and future stamp, excise and other similar documentary taxes with respect to the foregoing matters and save the Administrative Agent and each of the Lenders harmless from and
against any and all liabilities with respect to or resulting from any delay or omission (other than to the extent attributable to the Administrative Agent or such Lender) to pay such taxes; and (iii) indemnify the Administrative Agent and each
Lender, and each of their respective officers, directors, employees, representatives, agents, affiliates, trustees and investment advisors (each, an “Indemnified Person”) from and hold each of them harmless against any and all
liabilities, obligations (including removal or remedial actions), losses, damages, penalties, claims, actions, judgments, suits, costs, expenses and disbursements (including reasonable attorneys’ and consultants’ fees and disbursements)
incurred by, imposed on or assessed against any of them as a result of, or arising out of, or in any way related to, or by reason of, (a) any investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender
is a party thereto and whether or not such investigation, litigation or other proceeding is brought by or on behalf of any Credit Party) related to the entering into and/or performance of this Agreement or any other Credit Document or the proceeds
of any Loans hereunder or the consummation of the Transaction or any other transactions contemplated herein or in any other Credit Document or the exercise of any of their rights or remedies provided herein or in the other Credit Documents, or
(b) the actual or alleged presence of Hazardous Materials in the air, surface water or groundwater or on the surface or subsurface of any Real Property at any time owned, leased or operated by the Borrower or any of its Subsidiaries, the
generation, storage, transportation, handling or disposal of 

  
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Hazardous Materials by the Borrower or any of its Subsidiaries at any location, whether or not owned, leased or operated by the Borrower or any of its Subsidiaries, the non-compliance by the
Borrower or any of its Subsidiaries with any Environmental Law (including applicable permits thereunder), or any Environmental Claim asserted against the Borrower, any of its Subsidiaries or any Real Property at any time owned, leased or operated by
the Borrower or any of its Subsidiaries, including, in each case, without limitation, the reasonable fees and disbursements of counsel and other consultants incurred in connection with any such investigation, litigation or other proceeding (but
excluding any losses, liabilities, claims, damages or expenses (i) to the extent incurred by reason of the gross negligence or willful misconduct of the Indemnified Person to be indemnified (as determined by a court of competent jurisdiction in
a final decision), (ii) to the extent resulting from a material breach by such Indemnified Person of its obligations or (iii) incurred in connection with disputes among any such Indemnified Persons, except for claims involving the Lead
Arranger or any agent in its capacity as such). To the extent that the undertaking to indemnify, pay or hold harmless the Administrative Agent or any Lender set forth in the preceding sentence may be unenforceable because it is violative of any law
or public policy, the Borrower shall make the maximum contribution to the payment and satisfaction of each of the indemnified liabilities which is permissible under applicable law.  

(b) To the full extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnified
Person, on any theory of liability, for special, indirect, consequential or incidental damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated
hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. No Indemnified Person shall be liable for any damages arising from the use by unintended recipients of any information or other materials
distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Credit Documents or the transactions contemplated hereby or thereby, except to the extent the liability
of such Indemnified Person results from such Indemnified Person’s gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final decision). 

13.02. Right of Setoff. In addition to any rights now or hereafter granted under applicable law or otherwise, and not by way of
limitation of any such rights, upon the occurrence and during the continuance of an Event of Default, the Administrative Agent and each Lender is hereby authorized at any time or from time to time, without presentment, demand, protest or other
notice of any kind to any Credit Party or to any other Person, any such notice being hereby expressly waived, to set off and to appropriate and apply any and all deposits (general or special) and any other Indebtedness at any time held or owing by
the Administrative Agent or such Lender (including, without limitation, by branches and agencies of the Administrative Agent or such Lender wherever located) to or for the credit or the account of the Borrower or any of its Subsidiaries against and
on account of the Obligations and liabilities of the Credit Parties to the Administrative Agent or such Lender under this Agreement or under any of the other Credit Documents, including, without limitation, all interests in Obligations purchased by
such Lender pursuant to Section 13.04(b), and all other claims of any nature or description arising out of or connected with this Agreement or any other Credit Document, irrespective of whether or not the Administrative Agent or such Lender
shall have made any demand hereunder and although said Obligations, liabilities or claims, or any of them, shall be contingent or unmatured. 
 13.03. Notices. (a) Except as otherwise expressly provided herein, all notices and other communications provided for hereunder shall be in writing (including telecopier or other electronic
cable communication) and mailed, telecopied or electronically transmitted or delivered: if to any Credit Party, at the address specified opposite its signature below or in the other relevant Credit Documents; if to any Lender, at its address
specified on Schedule 1.01(b); and if to the Administrative Agent, at the Notice Office; or, as to any Credit Party or the Administrative Agent, at such other address as shall be designated 

  
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by such party in a written notice to the other parties hereto and, as to each Lender, at such other address as shall be designated by such Lender in a written notice to the Borrower and the
Administrative Agent. All such notices and communications shall, when mailed, telecopied, e-mailed or sent by overnight courier, be effective when deposited in the mails, delivered to the overnight courier or sent by telecopier or electronic
transmission, except that notices and communications to the Administrative Agent and the Borrower shall not be effective until received by the Administrative Agent or the Borrower, as the case may be. 

(b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communications pursuant to
procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Section 2 unless otherwise agreed by the Administrative Agent and the applicable Lender. Each of the Administrative Agent
and the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to
particular notices or communications. 
 (c) THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE
ADMINISTRATIVE AGENT, THE LEAD ARRANGER, AND ANY OF THEIR RESPECTIVE AFFILIATES 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 THE ADMINISTRATIVE AGENT, THE LEAD ARRANGER OR ANY OF THEIR RESPECTIVE AFFILIATES IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent, the Lead Arranger or any of their respective Affiliates
have any liability to any Credit Party, 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 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 judgment to have resulted from the gross
negligence or willful misconduct of such Person; provided, however, that in no event shall the Administrative Agent, the Lead Arranger or any of their respective Affiliates have any liability to any Credit Party, any Lender or any
other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). 

13.04. Benefit of Agreement; Assignments; Participations. (a) This Agreement shall be binding upon and inure to the benefit
of and be enforceable by the respective successors and assigns of the parties hereto; provided, however, the Borrower may not assign or transfer any of its rights, obligations or interest hereunder without the prior written consent of
the Lenders (and any attempted assignment or transfer without such consent shall be null and void) and, provided further, that, although any Lender may grant participations to Eligible Transferees in its rights hereunder, such Lender shall
remain a “Lender” for all purposes hereunder (and may not transfer or assign all or any portion of its Commitments hereunder except as provided in Sections 2.13 and 13.04(b)) and the participant shall not constitute a “Lender”
hereunder and, provided further, that no Lender shall transfer or grant any participation under which the participant shall have rights to approve any amendment to or waiver of this Agreement or any other Credit Document except to the extent
such amendment or waiver would (i) extend the final scheduled maturity of any Loan or Note in which such participant is participating, or reduce the rate or extend the time of payment of interest or Fees thereon (except in connection with a
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thereof (it being understood that any amendment or modification to the financial definitions in this Agreement or to Section 13.07(a) shall not constitute a reduction in the rate of interest
or Fees payable hereunder), or increase the amount of the participant’s participation over the amount thereof then in effect (it being understood that a waiver of any Default or Event of Default or of a mandatory reduction in the Total
Commitment or a mandatory prepayment of the Loans shall not constitute a change in the terms of such participation, and that an increase in any Commitment (or the available portion thereof) or Loan shall be permitted without the consent of any
participant if the participant’s participation is not increased as a result thereof), (ii) consent to the assignment or transfer by the Borrower of any of its rights and obligations under this Agreement or (iii) release all or
substantially all of the Collateral under all of the Security Documents (except as expressly provided in the Credit Documents) supporting the Loans hereunder in which such participant is participating. In the case of any such participation, the
participant shall not have any rights under this Agreement or any of the other Credit Documents (the participant’s rights against such Lender in respect of such participation to be those set forth in the agreement executed by such Lender in
favor of the participant relating thereto) and all amounts payable by the Borrower hereunder shall be determined as if such Lender had not sold such participation. 
 (b) Notwithstanding the foregoing, any Lender (or any Lender together with one or more other Lenders) may (x) assign all or a portion of its Commitments and related outstanding Obligations (or, if
the Commitments with respect to the relevant Tranche have terminated, outstanding Obligations) hereunder to (i)(A) its parent company and/or any affiliate of such Lender which is at least 50% owned by such Lender or its parent company or (B) to
one or more other Lenders or any affiliate of any such other Lender which is at least 50% owned by such other Lender or its parent company (provided that any fund that invests in loans and is managed or advised by the same investment advisor
of another fund which is a Lender (or by an Affiliate of such investment advisor) shall be treated as an affiliate of such other Lender for the purposes of this subclause (x)(i)(B)), provided, that no such assignment may be made to any such Person
that is, or would at such time constitute, a Defaulting Lender or (ii) in the case of any Lender that is a fund that invests in loans, any other fund that invests in loans and is managed or advised by the same investment advisor as such Lender
or by an Affiliate of such investment advisor or (y) assign all, or if less than all, a portion equal to at least $1,000,000 (or such lesser amount as the Administrative Agent and, so long as no Event of Default then exists and is continuing,
the Borrower may otherwise agree) in the aggregate for the assigning Lender or assigning Lenders, of such Commitments and related outstanding Obligations (or, if the Commitments with respect to the relevant Tranche have terminated, outstanding
Obligations) hereunder to one or more Eligible Transferees (treating any fund that invests in loans and any other fund that invests in loans and is managed or advised by the same investment advisor of such fund or by an Affiliate of such investment
advisor as a single assignor or Eligible Transferee (as applicable) (if any)), each of which assignees shall become a party to this Agreement as a Lender by execution of an Assignment and Assumption Agreement, provided that (i) at such
time, Schedule 1.01(a) shall be deemed modified to reflect the Commitments and/or outstanding Loans, as the case may be, of such new Lender and of the existing Lenders, (ii) upon the surrender of the relevant Notes by the assigning Lender (or,
upon such assigning Lender’s indemnifying the Borrower for any lost Note pursuant to a customary indemnification agreement) new Notes will be issued, at the Borrower’s expense, to such new Lender and to the assigning Lender upon the
request of such new Lender or assigning Lender, such new Notes to be in conformity with the requirements of Section 2.05 (with appropriate modifications) to the extent needed to reflect the revised Commitments and/or outstanding Loans, as the
case may be, (iii) the consent of the Administrative Agent and, so long as no Default or Event of Default then exists and the Syndication Date has theretofore occurred, the Borrower, shall be required in connection with any such assignment
pursuant to this clause (y) (such consent, in any case, not to be unreasonably withheld, delayed or conditioned), provided that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by
written notice to the Administrative Agent within 5 Business Days after having received notice thereof, (iv) the Administrative Agent shall receive at the time of each such assignment, from the assigning or assignee Lender, the

  
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payment of a non-refundable assignment fee of $3,500 (provided that only one such fee shall be payable in the case of one or more concurrent assignments by or to investment funds
managed or advised by the same investment advisor or an affiliated investment advisor) and (v) no such transfer or assignment will be effective until recorded by the Administrative Agent on the Register pursuant to Section 13.15. To the
extent of any assignment pursuant to this Section 13.04(b), the assigning Lender shall be relieved of its obligations hereunder with respect to its assigned Commitments and outstanding Loans. At the time of each assignment pursuant to this
Section 13.04(b) to a Person which is not already a Lender hereunder and which is a Foreign Lender, the respective assignee Lender shall, to the extent legally entitled to do so, provide to the Borrower the appropriate Internal Revenue Service
Forms (and, if applicable, a Section 5.04(b)(ii) Certificate) described in Section 5.04(b). To the extent that an assignment of all or any portion of a Lender’s Commitments and related outstanding Obligations pursuant to
Section 2.13 or this Section 13.04(b) would, at the time of such assignment, result in increased costs under Section 2.10 or 5.04 from those being charged by the respective assigning Lender prior to such assignment, then the Borrower
shall not be obligated to pay such increased costs (although the Borrower, in accordance with and pursuant to the other provisions of this Agreement, shall be obligated to pay any other increased costs of the type described above resulting from
changes after the date of the respective assignment). 
 (c) [Reserved]. 

(d) Term Loans may be purchased by and assigned to the Affiliates of the Borrower (other than the Borrower or
Subsidiaries of the Borrower); provided that: 
 (i) notwithstanding anything to the contrary in the
definition of “Required Lenders” or in Section 13.12, such Affiliates that are holders of any Loans acquired pursuant to this Section 13.04 shall not be entitled to vote such Loans in any vote (other than with respect to any
“all Lenders” or “all Lenders directly affected thereby” vote (x) to increase the Commitment of such Affiliate or (y) that has a disproportionate effect on the Loans held by such Affiliate relative to the Loans held by
Lenders that are not Affiliates of the Borrower (other than Subsidiaries of the Borrower)) pursuant to the terms of this Agreement or any other Credit Document; 
 (ii) Loans owned or held by such Affiliates shall not, in the aggregate for all such Persons, exceed 10% of the aggregate amount of Term Loans; 

(iii) none of such Affiliates shall (x) be permitted to attend any “lender-only” conference calls or
meetings or receive any related “lender-only” information or (y) receive advice of counsel to the Lenders or challenge their attorney-client privilege; and 

(iv) Such Affiliate and such Lender shall acknowledge and agree that in connection with such purchase, (1) such
Affiliate may have, and later may come into possession of Excluded Information, (2) such Lender has independently, without reliance on such Affiliate, the Borrower, Subsidiaries of the Borrower, the Administrative Agent or any of their
respective Affiliates, made its own analysis and determination to participate in such purchase notwithstanding such Lender’s lack of knowledge of the Excluded Information and (3) none of such Affiliate, the Borrower, Subsidiaries of the
Borrower, the Administrative Agent or any of their respective Affiliates shall have any liability to such Lender, and such Lender shall waive and release, to the extent permitted by law, any claims such Lender may have against such Affiliate, the
Borrower, Subsidiaries of the Borrower, the Administrative Agent, and their respective Affiliates, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information. Each Lender participating in any Auction further
acknowledges that the Excluded Information may not be available to the Administrative Agent or the other Lenders. 

  
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 (e) Nothing in this Agreement shall prevent or prohibit any Lender from pledging its Loans
and Notes hereunder to a Federal Reserve Bank in support of borrowings made by such Lender from such Federal Reserve Bank, any Lender which is a fund may pledge all or any portion of its Loans and Notes to its trustee or to a collateral agent
providing credit or credit support to such Lender in support of its obligations to such trustee, such collateral agent or a holder of such obligations, as the case may be. No pledge pursuant to this clause (d) shall release the transferor
Lender from any of its obligations hereunder. 
 (f) Any Lender which assigns all of its Commitments and/or Loans hereunder in
accordance with Section 13.04(b) shall cease to constitute a “Lender” hereunder, except with respect to indemnification provisions under this Agreement (including, without limitation, Sections 2.10, 2.11, 5.04, 12.06, 13.01 and
13.06), which shall survive as to such assigning Lender. 
 13.05. No Waiver; Remedies Cumulative. No failure or delay on
the part of the Administrative Agent, the Collateral Agent or any Lender in exercising any right, power or privilege hereunder or under any other Credit Document and no course of dealing between the Borrower or any other Credit Party and the
Administrative Agent, the Collateral Agent or any Lender shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder or under any other Credit Document preclude any other or further exercise
thereof or the exercise of any other right, power or privilege hereunder or thereunder. The rights, powers and remedies herein or in any other Credit Document expressly provided are cumulative and not exclusive of any rights, powers or remedies
which the Administrative Agent, the Collateral Agent or any Lender would otherwise have. No notice to or demand on any Credit Party in any case shall entitle any Credit Party to any other or further notice or demand in similar or other circumstances
or constitute a waiver of the rights of the Administrative Agent, the Collateral Agent or any Lender to any other or further action in any circumstances without notice or demand. 

13.06. Payments Pro Rata. (a) Except as otherwise provided in this Agreement, the Administrative Agent agrees that promptly
after its receipt of each payment from or on behalf of any Borrower in respect of any Obligations hereunder, the Administrative Agent shall distribute such payment to the Lenders entitled thereto (other than any Lender that has consented in writing
to waive its pro rata share of any such payment) pro rata based upon their respective shares, if any, of the Obligations with respect to which such payment was received. 

(b) Each of the Lenders agrees that, if it should receive any amount hereunder (whether by voluntary payment, by realization upon
security, by the exercise of the right of setoff or banker’s lien, by counterclaim or cross action, by the enforcement of any right under the Credit Documents, or otherwise), which is applicable to the payment of the principal of, or interest
on, the Loans or Commitment Commission, of a sum which with respect to the related sum or sums received by other Lenders is in a greater proportion than the total of such Obligation then owed and due to such Lender bears to the total of such
Obligation then owed and due to all of the Lenders immediately prior to such receipt, then such Lender receiving such excess payment shall purchase for cash without recourse or warranty from the other Lenders an interest in the Obligations of the
respective Credit Party to such Lenders in such amount as shall result in a proportional participation by all the Lenders in such amount; provided that if all or any portion of such excess amount is thereafter recovered from such Lenders,
such purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest. 
 (c)
Notwithstanding anything to the contrary contained herein, the provisions of the preceding Sections 13.06(a) and (b) shall be subject to the express provisions of this Agreement which require, or permit, differing payments to be made to
Non-Defaulting Lenders as opposed to Defaulting Lenders. 

  
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 13.07. Calculations; Computations. (a) The financial statements to be furnished
to the Lenders pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by Borrower to the Lenders);
provided that, (i)(w) except as otherwise specifically provided herein, all computations of Excess Cash Flow (including the Applicable Excess Cash Flow Percentage) and the Applicable Margin, and all computations and all definitions (including
accounting terms) used in determining compliance with the definition of “Permitted Acquisitions” and Sections 10.07 through 10.09, inclusive, shall utilize GAAP and policies in conformity with those used to prepare the audited financial
statements of the Borrower referred to in Section 8.05(a) for the Fiscal Year ended May 31, 2010, (x) notwithstanding anything to the contrary contained herein, all such financial statements shall be prepared, and all financial
covenants contained herein or in any other Credit Document shall be calculated, in each case, without giving effect to any election under FASB ASC 825 (or any similar accounting principle) permitting a Person to value its financial liabilities at
the fair value thereof, (y) to the extent expressly provided herein, certain calculations shall be made on a Pro Forma Basis, and (z) if the Borrower notifies the Administrative Agent that the Borrower requests an amendment
to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower 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 such provision shall be interpreted on the basis of GAAP as in
effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith; and (ii) in the event that the Borrower or the Required Lenders requests
such an amendment, the Borrower, the Administrative Agent and the Required Lenders shall negotiate in good faith to promptly prepare and execute such proposed amendment. 
 (b) All computations of interest, Commitment Commission and other Fees hereunder shall be made on the basis of a year of 360 days (except for interest calculated by reference to the Prime Lending Rate,
which shall be based on a year of 365 or 366 days, as applicable) for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest, Commitment Commission or Fees are payable.

 (c) For purposes of the Interest Act (Canada), (i) whenever any interest, Commitment Commission or other Fee
under this Agreement or any other Credit Document is calculated using a rate based on a year of 360 days or 365 days, as the case may be, the rate determined pursuant to such calculation, when expressed as an annual rate, is equivalent to
(x) the applicable rate based on a year of 360 days or 365 days, as the case may be, (y) multiplied by the actual number of days in the calendar year in which the period for which such interest or fee is payable (or compounded) ends, and
(z) divided by 360 or 365, as the case may be, (ii) the principle of deemed reinvestment of interest does not apply to any interest calculation under this Agreement or any other Credit Document, and (iii) the rates of interest
stipulated in this Agreement are intended to be nominal rates and not effective rates or yields. 
 13.08. GOVERNING LAW;
SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL. (a) THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL, EXCEPT AS OTHERWISE PROVIDED IN ANY MORTGAGE OR THE
CANADIAN GUARANTY AND COLLATERAL AGREEMENT, BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES). ANY LEGAL ACTION OR PROCEEDING WITH RESPECT

  
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TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, IN EACH CASE WHICH ARE LOCATED
IN THE COUNTY OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT, EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE
EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY FURTHER IRREVOCABLY WAIVES ANY CLAIM THAT ANY SUCH COURTS LACK PERSONAL JURISDICTION OVER SUCH PARTY, AND AGREES NOT TO PLEAD OR CLAIM, IN ANY LEGAL ACTION
PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT BROUGHT IN ANY OF THE AFOREMENTIONED COURTS, THAT SUCH COURTS LACK PERSONAL JURISDICTION OVER SUCH PARTY. EACH OF THE PARTIES TO THIS AGREEMENT FURTHER IRREVOCABLY CONSENTS TO
THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO SUCH PARTY AT ITS ADDRESS SET FORTH OPPOSITE ITS SIGNATURE BELOW,
SUCH SERVICE TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY ACTION OR
PROCEEDING COMMENCED HEREUNDER OR UNDER ANY OTHER CREDIT DOCUMENT THAT SERVICE OF PROCESS WAS IN ANY WAY INVALID OR INEFFECTIVE. NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE ADMINISTRATIVE AGENT, ANY LENDER OR THE HOLDER OF ANY NOTE TO SERVE PROCESS
IN ANY OTHER MANNER PERMITTED BY LAW. 
 (b) EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH
IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT BROUGHT IN THE COURTS REFERRED TO IN CLAUSE (a) ABOVE AND HEREBY
FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

(c) EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
 13.09. Counterparts. This Agreement may be executed in any number of counterparts and by the different parties hereto on separate counterparts (including by facsimile or other electronic
transmission), each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A set of counterparts executed by all the parties hereto shall be lodged with the Borrower and
the Administrative Agent. 
 13.10. Effectiveness. This Agreement shall become effective on the date (the
“Effective Date”) on which the Borrower, the Administrative Agent and each of the Lenders shall have signed a counterpart hereof (whether the same or different counterparts) and shall have delivered the same to the Administrative
Agent at the Notice Office or, in the case of the Lenders, shall have given to the Administrative Agent telephonic (confirmed in writing), written or telex notice (actually received) at such office that the same has been signed and mailed to it. The
Administrative Agent will give the Borrower and each Lender prompt written notice of the occurrence of the Effective Date. 

  
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 13.11. Headings Descriptive. The headings of the several sections and subsections of
this Agreement are inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this Agreement. 
 13.12. Amendment or Waiver; etc. (a) Neither this Agreement nor any other Credit Document nor any terms hereof or thereof may be changed, waived, discharged or terminated unless such change,
waiver, discharge or termination is in writing signed by the respective Credit Parties party hereto or thereto and the Required Lenders (although additional parties may be added to (and annexes may be modified to reflect such additions), and
Subsidiaries of the Borrower may be released from, the U.S. Guaranty and Canadian Guaranty, as the case may be, and the relevant Security Documents in accordance with the provisions hereof and thereof without the consent of the other Credit Parties
party thereto or the Required Lenders), provided that no such change, waiver, discharge or termination shall, without the consent of each Lender (other than, except with respect to following clause (i), a Defaulting Lender) (with Obligations
being directly affected in the case of following clause (i)(y) or whose Obligations are being extended in the case of following clause (i)(x)), (i)(x) extend the final scheduled maturity of any Loan or Note, (y) or reduce the rate or extend the
time of payment of interest or Fees thereon (except in connection with the waiver of applicability of any post-default increase in interest rates), or reduce (or forgive) the principal amount thereof (it being understood that any amendment or
modification to the financial definitions in this Agreement or to Section 13.07(a) shall not constitute a reduction in the rate of interest or Fees for the purposes of this clause (i)), (ii) release all or substantially all of (x) the
Collateral (except as expressly provided in the Credit Documents) under all the Security Documents or (y) the guarantees under the U.S. Guaranty and the Canadian Guaranty, (iii) amend, modify or waive any provision of this
Section 13.12(a) (except for technical amendments with respect to additional extensions of credit pursuant to this Agreement which afford the protections to such additional extensions of credit of the type provided to the Term Loans and the
Revolving Loan Commitments on the Effective Date), (iv) reduce the “majority” voting threshold specified in the definition of Required Lenders (it being understood that, with the consent of the Required Lenders, additional extensions
of credit pursuant to this Agreement may be included in the determination of the Required Lenders on substantially the same basis as the extensions of Term Loans and Revolving Loan Commitments are included on the Effective Date) or (v) consent
to the assignment or transfer by the Borrower of any of its rights and obligations under this Agreement or (vi) amend, modify or waive any provision of Section 13.06, except in connection with an amendment that provides for (x) a
prepayment of Loans by the Borrower (offered ratably to all Lenders with Loans under the applicable Tranche) at a discount to par on terms and conditions approved by the Administrative Agent and the Required Lenders and (y) the amendment and
extension of the final maturity of a Tranche of Loans hereunder pursuant to terms and procedures approved by the Required Lenders and those Lenders that have agreed to extend the final maturity of their respective Loans; provided further,
that no such change, waiver, discharge or termination shall (1) increase the Commitments of any Lender over the amount thereof then in effect without the consent of such Lender (it being understood that waivers or modifications of conditions
precedent, covenants, Defaults or Events of Default or of a mandatory reduction in the Total Commitment or a mandatory repayment of Loans shall not constitute an increase of the Commitment of any Lender, and that an increase in the available portion
of any Commitment of any Lender shall not constitute an increase of the Commitment of such Lender), (2) without the consent of the Administrative Agent, amend, modify or waive any provision of Section 12 or any other provision as same
relates to the rights or obligations of the Administrative Agent, (3) without the consent of Collateral Agent, amend, modify or waive any provision relating to the rights or obligations of the Collateral Agent, (4) except in cases where
additional extensions of term loans and/or revolving loans are being afforded substantially the same treatment afforded to the Term Loans and Revolving Loans pursuant to this Agreement on the Effective Date, without the consent of the Majority

  
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Lenders of each Tranche which is being allocated a lesser prepayment, repayment or commitment reduction as a result of the actions described below, alter the required application of any
prepayments or repayments (or commitment reduction), as between the various Tranches, pursuant to Section 5.02(i) (it being understood, however, that (x) the Required Lenders may waive, in whole or in part, any such prepayment, repayment
or commitment reduction, so long as the application, as amongst the various Tranches, of any such prepayment, repayment or commitment reduction which is still required to be made is not altered and (y) any conversion of any Tranche of Loans
into another Tranche of Loans hereunder in like principal amount shall not be considered a “prepayment” or “repayment” for purposes of this clause (4)), (5) without the consent of the Majority Lenders of the respective
Tranche affected thereby, amend the definition of Majority Lenders (it being understood that, with the consent of the Required Lenders, additional extensions of credit pursuant to this Agreement may be included in the determination of the Majority
Lenders on substantially the same basis as the extensions of Loans and Commitments are included on the Effective Date) or (6) reduce the amount of, or extend the date of, any Scheduled Repayment without the consent of the Majority Lenders
holding Term Loans. 
 (b) If, in connection with any proposed change, waiver, discharge or termination of or to any of the
provisions of this Agreement as contemplated by clauses (i) through (v), inclusive, of the first proviso to Section 13.12(a), the consent of the Required Lenders is obtained but the consent of one or more of such other Lenders whose
consent is required is not obtained, then the Borrower shall have the right, so long as all non-consenting Lenders whose individual consent is required are treated as described in either clause (A) or (B) below and/or in connection with a
Defaulting RL Lender, to either (A) replace each such non-consenting Lender or Lenders (or, at the option of the Borrower, if the respective Lender’s consent is required with respect to less than all Tranches of Loans (or related
Commitments), to replace only the Revolving Loan Commitments and/or Loans of the respective non-consenting Lender which gave rise to the need to obtain such Lender’s individual consent) with one or more Replacement Lenders pursuant to
Section 2.13 so long as at the time of such replacement, each such Replacement Lender consents to the proposed change, waiver, discharge or termination or (B) terminate such non-consenting Lender’s or Defaulting RL Lender’s
Revolving Loan Commitment (if such Lender’s consent is required as a result of its Revolving Loan Commitment) and/or repay each Tranche of outstanding Loans of such Lender which gave rise to the need to obtain such Lender’s consent in
accordance with Sections 4.02(b) and/or 5.01(b), provided that, unless the Commitments which are terminated and Loans which are repaid pursuant to preceding clause (B) are immediately replaced in full at such time through the
addition of new Lenders or the increase of the Commitments and/or outstanding Loans of existing Lenders (who in each case must specifically consent thereto), then in the case of any action pursuant to preceding clause (B), the Required Lenders
(determined after giving effect to the proposed action) shall specifically consent thereto, provided further, that the Borrower shall not have the right to replace a Lender, terminate its Commitment or repay its Loans solely as a result of
the exercise of such Lender’s rights (and the withholding of any required consent by such Lender) pursuant to the second proviso to Section 13.12(a). 
 (c) Notwithstanding the foregoing, (x) any provision of this Agreement may be amended by an agreement in writing entered into by the Borrower, the Required Lenders and the Administrative Agent, if
(i) by the terms of such agreement the Commitment of each Lender not consenting to the amendment provided for therein shall terminate upon the effectiveness of such amendment and (ii) at the time such amendment becomes effective, each
Lender not consenting thereto receives payment (including pursuant to an assignment to a replacement Lender in accordance with Section 13.04) in full of this principal of and interest accrued on each Loan made by it and all other amounts owing
to it or accrued for its account under this Agreement and (y) this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the Administrative Agent and the Borrower (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 

  
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respect thereof to share ratably in the benefits of this Agreement and the other Credit Documents with the Term Loans and the Revolving 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. 

(d) In addition, notwithstanding the foregoing, this Agreement may be amended with the written consent of the Administrative Agent, the
Borrower and the Lenders providing the relevant Replacement Term Loans to permit the refinancing of all outstanding Term Loans (the “Refinanced Term Loans”) with a replacement term loan tranche denominated in Dollars (the
“Replacement Term Loans”) hereunder; provided that (a) the aggregate principal amount of such Replacement Term Loans shall not exceed the aggregate principal amount of such Refinanced Term Loans, (b) the Applicable
Margin for such Replacement Term Loans shall not be higher than the Applicable Margin for such Refinanced Term Loans, (c) the Weighted Average Life to Maturity of such Replacement Term Loans shall not be shorter than the Weighted Average Life
to Maturity of such Refinanced Term Loans, at the time of such refinancing (except to the extent of nominal amortization for periods where amortization has been eliminated as a result of prepayment of the applicable Term Loans), and (d) all
other terms applicable to such Replacement Term Loans shall be substantially identical to, or less favorable to the Lenders providing such Replacement Term Loans than, those applicable to such Refinanced Term Loans, except to the extent necessary to
provide for covenants and other terms applicable to any period after the latest final maturity of the Term Loans in effect immediately prior to such refinancing. 
 (e) Notwithstanding anything to the contrary contained in this Section 13.12, (x) Security Documents (including any Additional Security Documents) and related documents executed by Subsidiaries
in connection with this Agreement may be in a form reasonably determined by the Administrative Agent and may be amended, supplemented and waived with the consent of the Administrative Agent and the Borrower without the need to obtain the consent of
any other Person if such amendment, supplement or waiver is delivered in order (i) to comply with local Law or advice of local counsel, (ii) to cure ambiguities, omissions, mistakes or defects or (iii) to cause such Security Document
or other document to be consistent with this Agreement and the other Credit Documents and (y) if following the Effective Date, the Administrative Agent and any Credit Party shall have jointly identified an ambiguity, inconsistency, obvious
error or any error or omission of a technical or immaterial nature, in each case, in any provision of the Credit Documents (other than the Security Documents), then the Administrative Agent and the Credit Parties shall be permitted to amend such
provision and such amendment shall become effective without any further action or consent of any other party to any Credit Documents if the same is not objected to in writing by the Required Lenders within five (5) Business Days following
receipt of notice thereof. 
 (f) Notwithstanding anything to the contrary contained in clause (a) above of this
Section 13.12, the Borrower, the Administrative Agent and each Incremental RL Lender may, in accordance with the provisions of Section 2.15, enter into an Incremental RL Commitment Agreement, provided that after the execution and
delivery by the Borrower, the Administrative Agent and each such Incremental RL Lender of such Incremental RL Commitment Agreement such Incremental RL Commitment may thereafter only be modified in accordance with the requirements of clause
(a) above of this Section 13.12. 
 13.13. Survival. All indemnities set forth herein including, without
limitation, in Sections 2.10, 2.11, 5.04, 12.06 and 13.01 shall survive the execution, delivery and termination of this Agreement and the Notes and the making and repayment of the Obligations. 

  
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 13.14. Domicile of Loans. Each Lender may transfer and carry its Loans at, to or
for the account of any office, Subsidiary or Affiliate of such Lender. Notwithstanding anything to the contrary contained herein, to the extent that a transfer of Loans pursuant to this Section 13.14 would, at the time of such transfer, result
in increased costs under Section 2.10, 2.11 or 5.04 from those being charged by the respective Lender prior to such transfer, then the Borrower shall not be obligated to pay such increased costs (although the Borrower shall be obligated to pay
any other increased costs of the type described above resulting from changes after the date of the respective transfer). 

13.15. Register. The Borrower hereby designates the Administrative Agent to serve as its agent, solely for purposes of this
Section 13.15, to maintain a register (the “Register”) on which it will record the Commitments from time to time of each of the Lenders, the Loans made by each of the Lenders, and the stated interest thereon, and each repayment
in respect of the principal amount of the Loans of each Lender. Failure to make any such recordation, or any error in such recordation, shall not affect the Borrower’s obligations in respect of such Loans. With respect to any Lender, the
transfer of the Commitments of such Lender and the rights to the principal of, and interest on, any Loan made pursuant to such Commitments shall not be effective until such transfer is recorded on the Register maintained by the Administrative Agent
with respect to ownership of such Commitments and Loans and prior to such recordation all amounts owing to the transferor with respect to such Commitments and Loans shall remain owing to the transferor. The registration of assignment or transfer of
all or part of any Commitments and Loans shall be recorded by the Administrative Agent on the Register upon and only upon the acceptance by the Administrative Agent of a properly executed and delivered Assignment and Assumption Agreement pursuant to
Section 13.04(b). Upon such acceptance and recordation, the assignee specified therein shall be treated as a Lender for all purposes of this Agreement. The Administrative Agent shall allow the Lenders to inspect the Register at any time upon
reasonable notice. Coincident with the delivery of such an Assignment and Assumption Agreement to the Administrative Agent for acceptance and registration of assignment or transfer of all or part of a Loan, or as soon thereafter as practicable, the
assigning or transferor Lender shall surrender the Note (if any) evidencing such Loan, and thereupon one or more new Notes in the same aggregate principal amount shall be issued to the assigning or transferor Lender and/or the new Lender at the
request of any such Lender. The Borrower agrees to indemnify the Administrative Agent from and against any and all losses, claims, damages and liabilities of whatsoever nature which may be imposed on, asserted against or incurred by the
Administrative Agent in performing its duties under this Section 13.15 (but excluding any such losses, claims, damages and liabilities to the extent incurred by reason of the gross negligence or willful misconduct of the Administrative Agent
(as determined by a court of competent jurisdiction in a final decision or (ii) to the extent resulting from a material breach by Administrative Agent of its obligations). 

13.16. Confidentiality. (a) Subject to the provisions of clause (b) of this Section 13.16, each Lender agrees that
it will not disclose without the prior consent of the Borrower (other than to its employees, auditors, advisors or counsel or to another Lender if such Lender or such Lender’s holding or parent company in its sole discretion determines that any
such party should have access to such Information (as defined below), provided such Persons shall be subject to the provisions of this Section 13.16 to the same extent as such Lender) any Information with respect to the Borrower or any of its
Subsidiaries which is now or in the future furnished pursuant to this Agreement or any other Credit Document, provided that any Lender may disclose any such Information (i) as has become generally available to the public other than by
virtue of a breach of this Section 13.16(a) by the respective Lender, (ii) as may be required or appropriate in any report, statement or testimony submitted to any municipal, state or federal regulatory body having or claiming to have
jurisdiction over such Lender or to the Federal Reserve Board or the Federal Deposit Insurance Corporation or similar organizations (whether in the United States or elsewhere) or their successors, (iii) as may be required or appropriate in
respect to any summons or subpoena or in connection with any litigation, (iv) in order to comply with any law, order, regulation or ruling applicable to such Lender, (v) to the Administrative Agent or the Collateral Agent,

  
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(vi) to any direct or indirect contractual counterparty in any swap, hedge or similar agreement (or to any such contractual counterparty’s professional advisor), so long as such contractual
counterparty (or such professional advisor) agrees to be bound by the provisions of this Section 13.16 and (vii) to any prospective or actual transferee or participant in connection with any contemplated transfer or participation of any of
the Notes or Commitments or any interest therein by such Lender, provided that such prospective transferee agrees to be bound by the confidentiality provisions contained in this Section 13.16. For purposes of this Section,
“Information” means all information received from the Borrower or any of its Subsidiaries or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a
nonconfidential basis prior to disclosure by the Borrower or any of its Subsidiaries; provided that, in the case of information received from the Borrower or any Subsidiary after the date hereof, 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 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. 
 (b) The
Borrower hereby acknowledges and agrees that each Lender may share with any of its affiliates, and such affiliates may share with such Lender, any information related to the Borrower or any of its Subsidiaries (including, without limitation, any
non-public customer information regarding the creditworthiness of the Borrower and its Subsidiaries), provided such Persons shall be subject to the provisions of this Section 13.16 to the same extent as such Lender. 

13.17. Special Provisions Regarding Pledges of Equity Interests in, and Promissory Notes Owned by, Persons Not Organized in the United
States. The parties hereto acknowledge and agree that the provisions of the various Security Documents executed and delivered by the Credit Parties require that, among other things, certain promissory notes executed by, and capital stock and
other Equity Interests in, various Persons owned by the respective Credit Party be pledged, and delivered for pledge, pursuant to the Security Documents. The parties hereto further acknowledge and agree that each Credit Party shall be required to
take all actions under the laws of the jurisdiction in which such Credit Party is organized to create and perfect all security interests granted pursuant to the various Security Documents and to take all actions under the laws of the United States
and any State thereof and Canada and any Province thereof to perfect the security interests in the capital stock and other Equity Interests of, and promissory notes issued by, any Person organized under the laws of said jurisdictions (in each case,
solely to the extent said capital stock, other Equity Interests or promissory notes are owned by any Credit Party and solely to the extent that a security interest in such promissory notes, capital stock and other Equity Interests can be created or
perfected under the laws of said jurisdictions). Except as provided in the immediately preceding sentence, to the extent any Security Document requires or provides for the pledge of promissory notes issued by, or capital stock or other Equity
Interests in, any Person organized under the laws of a jurisdiction other than those specified in the immediately preceding sentence, the Administrative Agent and the Lenders hereby acknowledge and agree that, (i) as of the Initial Borrowing
Date, no actions have been required to be taken to perfect, under local law of the jurisdiction of the Person who issued the respective promissory notes or whose capital stock or other Equity Interests are pledged, under the Security Documents, and
(ii) following the Initial Borrowing Date, no actions shall be required to be taken to perfect, under local law of the jurisdiction of the Person who issued the respective promissory notes or whose capital stock or other Equity Interests are
pledged. For the avoidance of doubt, the Administrative Agent and the Lenders further acknowledge and agree that no security or pledge agreements or other documents shall be required to create, preserve or perfect any security interest in the
Collateral under the laws of any jurisdiction other than the United States and Canada or any State or Province thereof. All conditions and representations contained in this Agreement and the other Credit Documents shall be deemed modified to the
extent necessary to effect the foregoing and so that same are not violated by reason of the failure to take actions under local law not required to be taken in accordance with the provisions of this Section 13.17. 

  
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 13.18. Patriot Act. Each Lender subject to the USA PATRIOT ACT, Title III of Pub. L.
107-56 (signed into law October 26, 2001) (as amended from time to time, the “Patriot Act”) hereby notifies the Borrower that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record
information that identifies the Borrower and the other Credit Parties and other information that will allow such Lender to identify the Borrower and the other Credit Parties in accordance with the Patriot Act. 

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

13.20. Integration. This Agreement, together with the other Credit Documents, comprises the complete and integrated
agreement of the parties on the subject matter hereof and thereof and supersedes all prior 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 Credit
Document, the provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of the Administrative Agent, the Collateral Agent or the Lenders in any other Credit Document shall not be
deemed a conflict with this Agreement. Each Credit 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. 
 13.21. Severability. If any provision of this Agreement or the other Credit Documents is held to be
illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions of this Agreement and the other Credit 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. 
 *    
*     * 

  
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 IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute
and deliver this Agreement as of the date first above written. 
  

			
	API TECHNOLOGIES CORP.
		
	By:	 	  

		 	Name:
		 	Title:
	 Address:
 API
Technologies Corp.
 4705 S. Apopka Vineland Road
 Orlando, Florida 32819
 Attention: Andrew Laurence

Facsimile No.: (208) 728-8007

	
	MORGAN STANLEY SENIOR FUNDING, INC., as Administrative Agent
		
	By:	 	  

		 	Name:
		 	Title:
	
	MORGAN STANLEY BANK, N.A., as Lender for the Revolver
		
	By:	 	  

		 	Name:
		 	Title:
	
	MORGAN STANLEY SENIOR FUNDING, INC., as Lender for the Term Loan
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	 SIGNATURE PAGE TO THE AMENDED AND
 RESTATED CREDIT AGREEMENT DATED AS
OF THE DATE FIRST WRITTEN ABOVE,
AMONG API TECHNOLOGIES CORP., AS THE
BORROWER, THE LENDERS PARTY HERETO
FROM TIME TO TIME AND MORGAN
STANLEY SENIOR
FUNDING, INC., AS
ADMINISTRATIVE AGENT

	
	NAME OF INSTITUTION:
	  

		
	By:	 	  

		 	Name:
		 	Title:

 SCHEDULE 1.01 (a) 

COMMITMENTS 
  

									
	 Lender
	  	 Term Loan
Commitment
	 	  	 Revolving
Loan

Commitment
	 
			
	 Morgan Stanley Bank, N.A.
	  	$	0	  	  	$	15,000,000	  
			
	 Morgan Stanley Senior Funding, Inc.
	  	$	170,000,000	  	  	$	0	  
			
	 TOTAL:
	  	$	170,000,000	  	  	$	15,000,000	  

 SCHEDULE 1.01 (b) 

LENDER ADDRESSES 
  

			
	 LENDERS:
	 	 ADDRESSES:

	Morgan Stanley Senior Funding, Inc.	 	 1585 Broadway
 New York, NY
10036

		
	Morgan Stanley Bank, N.A.	 	 One Utah Center, 201 South Main Street, 5th Floor
 Salt Lake City, Utah 84111

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