Document:

Exhibit 10.1

 

EXECUTION VERSION

 

FIFTH AMENDMENT

 

FIFTH AMENDMENT, dated as of August 23, 2016 (this “Amendment”), to the Credit Agreement (as defined below), is entered into among ACTIVISION BLIZZARD, INC., a Delaware corporation (the “Borrower”), each of the other Loan Parties (as defined in the Credit Agreement), the Refinancing Revolver Lenders, the Refinancing Tranche A Term Lenders (as defined below), the other Lenders (as defined below) party hereto, the Administrative Agent (as defined below), the Collateral Agent (as defined below), each L/C Issuer and the Swing Line Lender (each, as defined in the Credit Agreement).

 

W I T N E S S E T H:

 

WHEREAS, the Borrower has entered into that certain Credit Agreement, dated as of October 11, 2013 (as amended by the First Amendment, dated as of November 2, 2015, the Second Amendment, dated as of November 13, 2015, the Third Amendment, dated as of December 14, 2015, and the Fourth Amendment, dated as of March 31, 2016, the “Credit Agreement”), among the Borrower, the Guarantors (as defined therein) party thereto from time to time, BANK OF AMERICA, N.A., as administrative agent (in such capacity, the “Administrative Agent”), collateral agent (in such capacity, the “Collateral Agent”), Swing Line Lender and an L/C Issuer, JPMORGAN CHASE BANK, N.A., as an L/C Issuer, and each lender from time to time party thereto (collectively, the “Lenders”);

 

WHEREAS, the Borrower has requested that, as of the 2016 Refinancing Amendment Effective Date (as defined below), (i) the Revolving Credit Commitments and the Revolving Credit Loans (if any), in each case, as defined in, and as in effect under, the Credit Agreement immediately prior to the Refinancing Facilities Amendments Effective Time (as defined below) be terminated and (if applicable) prepaid in full and (ii) the Persons set forth on Schedule I hereto (the “Refinancing Revolver Lenders”) make available to the Borrower a revolving credit facility in the form of an additional revolving credit facility added to the Credit Agreement pursuant to and in accordance with Section 10.01 of the Credit Agreement (the “Refinancing Revolver,” the commitments thereunder, the “Refinancing Revolver Commitments,” and the loans thereunder, the “Refinancing Revolver Loans”), in an aggregate principal amount of $250,000,000 and upon the terms and subject to the conditions set forth herein, and the Refinancing Revolver Lenders, the other Lenders party hereto, the Administrative Agent and the Collateral Agent, the L/C Issuers and the Swing Line Lender agree thereto;

 

WHEREAS, the Borrower has requested that, as of the 2016 Refinancing Amendment Effective Date, the Persons set forth on Schedule II hereto (the “Refinancing Tranche A Term Lenders”) make available to the Borrower a term loan “A” facility in the form of an additional credit facility added to the Credit Agreement pursuant to and in accordance with Section 10.01 of the Credit Agreement (the “Refinancing Tranche A Term Facility,” the commitments thereunder, the “Refinancing Tranche A Term Commitments,” and the loans thereunder, the “Refinancing Tranche A Term Loans”), in an aggregate principal amount of $2,875,000,000 and upon the terms and subject to the conditions set forth herein, the proceeds of which shall be used, first, to repay in full all Loans outstanding under, and as defined in, the Credit Agreement immediately prior to the Refinancing Facilities Amendments Effective Time and to pay all accrued and unpaid interest thereon through the 2016 Refinancing Amendment

 

 

Effective Date (such interest, the “Prepaid Interest”) (collectively, the “Prepayment”), and, second, the remainder of such proceeds following the Prepayment, if any, for other general corporate purposes and working capital needs, including, without limitation, to pay for fees and expenses payable in connection with this Amendment, and the Refinancing Tranche A Term Lenders, the other Lenders party hereto, the Administrative Agent and the Collateral Agent, the L/C Issuers and the Swing Line Lender agree thereto;

 

WHEREAS, immediately prior to the effectiveness of the Refinancing Facilities Amendments (as defined below), the Lenders party hereto constitute the Required Lenders and other Lenders the consent of which is required pursuant to Section 10.01;

 

WHEREAS, immediately following the effectiveness of the Refinancing Facilities Amendments and the Prepayment, the Refinancing Revolver Lenders and the Refinancing Tranche A Term Lenders will constitute all Lenders under the Credit Agreement, as amended hereby;

 

WHEREAS, immediately following the effectiveness of the Refinancing Facilities Amendments and the Prepayment, the Refinancing Revolver Lenders and the Refinancing Tranche A Term Lenders, then constituting all Lenders under the Credit Agreement, as amended hereby (including the L/C Issuers and the Swing Line Lender), the Administrative Agent and the Collateral Agent wish and agree to effect the Collateral Release (as defined below), as set forth in Section 1.4 below;

 

WHEREAS, immediately following the effectiveness of the Collateral Release, pursuant to Section 10.01 of the Credit Agreement, as amended hereby, the Borrower, the Refinancing Revolver Lenders and the Refinancing Tranche A Term Lenders, then constituting all Lenders under the Credit Agreement, as amended hereby (including the L/C Issuers and the Swing Line Lender), the Administrative Agent and the Collateral Agent wish and agree to amend the Credit Agreement, as then amended hereby, as set forth in Section 1.5 below;

 

WHEREAS, Bank of America, N.A. (“Bank of America”), JPMorgan Chase Bank, N.A. (“J.P. Morgan”), The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mizuho Bank, Ltd., SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC will act as joint lead arrangers for the Amendment (the “Lead Arrangers”) and Bank of America and J.P. Morgan will act as joint lead bookrunners;

 

NOW, THEREFORE, in consideration of the premises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

 

Section 1.1  Defined Terms.  Capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement.

 

Section 1.2  Refinancing Revolver Commitments.

 

(a)                                 Subject to the terms and conditions set forth herein and in the Credit Agreement, as amended hereby, each Refinancing Revolver Lender severally agrees to provide Refinancing Revolver Commitments to the Borrower on the 2016 Refinancing Amendment

 

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Effective Date in an aggregate amount equal to the amount set forth opposite such Refinancing Revolver Lender’s name on Schedule I hereto.

 

(b)                                 The Revolving Credit Commitments in effect under the Credit Agreement immediately prior to the Refinancing Facilities Amendments Effective Time (the “Existing Revolving Credit Commitments”) shall be terminated upon the Refinancing Facilities Amendments Effective Time, and shall be replaced by the Refinancing Revolver Commitments.  Revolving Credit Loans outstanding under the Credit Agreement immediately prior to the Refinancing Facilities Amendments Effective Time (the “Existing Revolving Credit Loans”), if any, shall be repaid in full in cash on the 2016 Refinancing Amendment Effective Date, together with all accrued and unpaid interest thereon.

 

(c)                                  Effective as of the 2016 Refinancing Amendment Effective Date upon the occurrence of the Refinancing Facilities Amendments Effective Time, the Refinancing Revolver Commitments shall be deemed to be “Revolving Credit Commitments” and shall constitute “Commitments,” the Lenders holding the Refinancing Revolver Commitments shall be deemed to be “Revolving Credit Lenders,” and the Refinancing Revolver Loans shall be deemed to be “Revolving Credit Loans,” in each case, for all purposes of the Credit Agreement, as amended hereby, and the other Loan Documents (as amended by the Refinancing Facilities Amendments).

 

Section 1.3  Refinancing Tranche A Commitments.

 

(a)                                 Subject to the terms and conditions set forth herein and in the Credit Agreement, as amended hereby, each Refinancing Tranche A Term Lender severally agrees to make Refinancing Tranche A Term Loans in Dollars to the Borrower on the 2016 Refinancing Amendment Effective Date in an aggregate principal amount set forth opposite such Refinancing Tranche A Term Lender’s name on Schedule II hereto.

 

(b)                                 The proceeds of the Refinancing Tranche A Term Loans shall be used, first, to effect the Prepayment and, second, any remainder of such proceeds following the Prepayment, for other general corporate purposes and working capital needs, including, without limitation, to pay for fees and expenses payable in connection with this Amendment.

 

(c)                                  Effective as of the 2016 Refinancing Amendment Effective Date upon the occurrence of the Refinancing Facilities Amendments Effective Time, a borrowing consisting of simultaneous Refinancing Tranche A Term Loans of the same Type and currency and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Refinancing Tranche A Term Lenders shall be deemed to be a “Tranche A Term Borrowing,” the Refinancing Tranche A Term Commitments shall constitute “Tranche A Term Commitments” and “Term Commitments,” the Refinancing Tranche A Term Facility shall be deemed to be a “Facility,” the Lenders holding the Refinancing Tranche A Term Commitments shall be deemed to be “Tranche A Term Lenders,” and the Refinancing Tranche A Term Loans shall be deemed to be “Tranche A Term Loans,” and “Term Loans,” in each case, for all purposes of the Credit Agreement, as amended hereby, and the other Loan Documents (as amended by the Refinancing Facilities Amendments).  In addition, effective as of the 2016 Refinancing Amendment Effective Date upon the occurrence of the Refinancing Effective Time, for the purposes of Section 2.02(b) of the Credit Agreement with respect to funding of the Refinancing Tranche A Term Loans, 

 

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references to  “Appropriate Lender” shall be deemed to be references to “Refinancing Tranche A Term Lender” and, for the purposes of Section 4.01 of the Credit Agreement, the reference to “Additional Tranche A Term Facility” shall be deemed to include the Refinancing Tranche A Term Facility..

 

(d)                                 For the avoidance of doubt, no further amounts shall become due and payable with respect to the Prepaid Interest paid by the Borrower on the 2016 Refinancing Amendment Effective Date following the 2016 Refinancing Amendment Effective Date (including, without limitation, on the Interest Payment Date immediately following the 2016 Refinancing Amendment Effective Date).

 

Section 1.4  Collateral Release.  Effective as of the Collateral Release Effective Date (as defined below) upon the occurrence of the Collateral Release Effective Time (as defined below):

 

(a)                                 all Liens on any property granted to or held by the Administrative Agent or the Collateral Agent under any Loan Document shall be automatically terminated and released with no further action (the “Collateral Release”);

 

(b)                                 each of the Collateral Documents shall be automatically terminated and of no further force and effect;

 

(c)                                  the Collateral Agent shall deliver to the Borrower all Collateral held by the Collateral Agent under any Loan Document; and

 

(d)                                 at the reasonable request and sole expense of the Borrower following such termination under this Section 1.4, the Collateral Agent and the Administrative Agent shall execute, acknowledge and deliver to the Borrower or any Guarantor such releases, instruments or other documents (including without limitation UCC termination statements), and do or cause to be done all other acts, as the Borrower shall reasonably request to effect of evidence such termination.

 

Section 1.5  Amended Credit Agreement.  Effective as of the 2016 Credit Agreement Amendment Effective Date upon the occurrence of the Credit Agreement Amendment Effective Time (each, as defined below), the Credit Agreement, as then amended hereby, is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text or stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text or double-underlined text) as set forth in the Credit Agreement and the pages of Schedules and Exhibits to the Credit Agreement attached as Exhibit A hereto (the “Credit Agreement Amendment”).  Effective as of the 2016 Credit Agreement Amendment Effective Date upon the occurrence of the Credit Agreement Amendment Effective Time, the Refinancing Tranche A Term Commitments shall be deemed “Term Commitments,” the Refinancing Tranche A Term Lenders shall be deemed “Term Lenders” and the Refinancing Tranche A Term Loans shall be deemed to be “Term Loans,” in each case, for all purposes of the Credit Agreement and the other Loan Documents, as amended hereby.

 

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Section 1.6  Representations and Warranties, No Default.  In order to induce the respective Lenders party hereto, the Administrative Agent and the Collateral Agent to enter into  this Amendment, each Loan Party represents and warrants to each of the Lenders party to this Amendment, the Administrative Agent and the Collateral Agent that on and as of the 2016 Refinancing Amendment Effective Date, after giving effect to this Amendment:

 

(a)                                 the representations and warranties contained in Article V of the Credit Agreement, as proposed to be amended by the Credit Agreement Amendment, are true and correct in all material respects as if made on and as of the 2016 Refinancing Amendment Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects as of such earlier date; provided that, to the extent that such representations and warranties are qualified by materiality, material adverse effect or similar language, they shall be true and correct in all respects;

 

(b)                                 no Default or Event of Default exists or would result from the effectiveness of this Amendment or from the application of the proceeds of the Refinancing Revolver Loans and the Refinancing Tranche A Term Loans; and

 

(c)                                  the execution, delivery and performance of this Amendment by each Loan Party have been duly authorized by all necessary corporate or other action on the part of such Loan Party, has been duly executed and delivered by such Loan Party and constitutes a legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its terms, except to the extent that the enforceability hereof may be limited by Debtor Relief Laws and by general principles of equity.

 

Section 1.7  Effectiveness.

 

(a)                                 The amendments under Sections 1.2 and 1.3 (collectively, the “Refinancing Facilities Amendments”) shall become effective on the date (the “2016 Refinancing Amendment Effective Date”) and at the time (the “Refinancing Facilities Amendments Effective Time”) on and at which each of the following conditions is satisfied or waived:

 

i.                                          the Administrative Agent shall have received a counterpart of this Amendment executed by (I) each of the Loan Parties, (II) the Required Lenders, (III) the Refinancing Revolver Lenders and (IV) the Refinancing Tranche A Term Lenders;

 

ii.                                       the Administrative Agent shall have received such closing certificates or certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Amendment;

 

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iii.                                    the Administrative Agent shall have received such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is duly organized or formed;

 

iv.                                   the Administrative Agent shall have received an executed legal opinion of Debevoise & Plimpton LLP, counsel to the Borrower and the other Loan Parties, addressed to the Administrative Agent, each Refinancing Revolver Lender, each Refinancing Tranche A Term Lender and each other Lender party to this Amendment, dated the 2016 Refinancing Amendment Effective Date and in form and substance reasonably satisfactory to the Administrative Agent;

 

v.                                      the representations and warranties of each Loan Party contained in Article V of the Credit Agreement, as proposed to be amended by the Credit Agreement Amendment, or any other Loan Document shall be true and correct in all material respects on and as of the 2016 Refinancing Amendment Effective Date (except to the extent that such representations and warranties specifically refer to an earlier date, they shall be true and correct as of such earlier date); provided that, to the extent that such representations and warranties are qualified by materiality, material adverse effect or similar language, they shall be true and correct in all respects;

 

vi.                                   no Default or Event of Default exists or would result from the effectiveness of this Amendment or from the application of the proceeds of the Refinancing Revolver Loans and the Refinancing Tranche A Term Loans; and

 

vii.                                the Borrower shall have paid to the Administrative Agent for the account of each Lender the fees as separately agreed between the Borrower and the Lead Arrangers.

 

(b)                                 The Collateral Release shall become effective on the date (the “Collateral Release Effective Date”) and at the time (the “Collateral Release Effective Time”) at which each of the following conditions is satisfied:

 

i.                                          the Refinancing Facilities Amendments Effective Time shall have occurred; and

 

ii.                                       the Prepayment shall have occurred.

 

(c)                                  The Credit Agreement Amendment shall become effective on the date (the “2016 Credit Agreement Amendment Effective Date”) and at the time (the “Credit Agreement Amendment Effective Time”) on and at which the Collateral Release Effective Time shall have occurred.

 

The delivery of a counterpart of this Amendment executed by the Administrative Agent and each Lender party to this Amendment shall conclusively be deemed to constitute an acknowledgement by the Administrative Agent and each Lender party to this Amendment that each of the conditions precedent set forth in this Section 1.7(a), (b) and (c), as applicable, shall 

 

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have been satisfied in accordance with its terms or shall have been irrevocably waived by such Person.

 

The Administrative Agent shall notify the Borrower and the Lenders in writing of each of the 2016 Refinancing Amendment Effective Date, the Collateral Release Effective Date  and the 2016 Credit Agreement Amendment Effective Date, as applicable, promptly upon the respective conditions precedent in this Section 1.7 being satisfied (or waived in accordance with this Section 1.7), and such notice shall be conclusive and binding.

 

Section 1.8  Expenses.  The Borrower shall pay all reasonable out-of-pocket expenses of the Administrative Agent and the Collateral Agent incurred in connection with the preparation, execution and delivery of this Amendment and the other instruments and documents to be delivered hereunder, if any (including the reasonable fees, disbursements and other charges of Cahill Gordon & Reindel LLP, counsel for the Administrative Agent) in accordance with Section 10.04 of the Credit Agreement.

 

Section 1.9  Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile or any other electronic transmission shall be effective as delivery of a manually executed counterpart hereof.

 

Section 1.10  Applicable Law.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

 

Section 1.11  Headings.  The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

 

Section 1.12  Loss of FATCA Grandfathering.  For purposes of determining withholding Taxes imposed under FATCA, from and after the First Amendment Effective Date (as defined in the First Amendment), the Borrower and the Administrative Agent have treated, and from and after the 2016 Refinancing Amendment Effective Date shall continue to treat (and the Lenders hereby authorize the Administrative Agent to treat), the Loans (including the Initial Term Loans, any Tranche A Term Loans, any Revolving Credit Loans and any Swing Line Loans) as not qualifying as “grandfathered obligations” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

 

Section 1.13  Effect of Amendment.  Except as expressly set forth herein, (i) this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, the Collateral Agent or the Loan Parties under the Credit Agreement or any other Loan Document, and (ii) 

 

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shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or any other Loan Document.  Each and every term, condition, obligation, covenant and agreement contained in the Credit Agreement (including, as amended by the First Amendment, the Second Amendment, the Third Amendment and the Fourth Amendment) or any  other Loan Document (including the First Amendment, the Second Amendment, the Third Amendment and the Fourth Amendment) is hereby ratified and reaffirmed in all respects and shall continue in full force and effect and nothing herein can or may be construed as a novation thereof.  Each Loan Party reaffirms its obligations under the Loan Documents to which it is party.  This Amendment shall constitute a Loan Document for purposes of the Credit Agreement and from and after the 2016 Refinancing Amendment Effective Date, all references to the Credit Agreement in any Loan Document and all references in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, shall, unless expressly provided otherwise, refer to the Credit Agreement as amended by this Amendment.  Each of the Loan Parties hereby consents to this Amendment and confirms that all obligations of such Loan Party under the Loan Documents to which such Loan Party is a party shall continue to apply to the Credit Agreement, as amended hereby.  Each Refinancing Revolver Lender and each Refinancing Tranche A Term Lender party to this Amendment hereby consents to the Collateral Release Amendments (as defined in the Second Amendment) and, solely for the purposes of Section 1.5(b)ii of the Second Amendment, the delivery of a counterpart of this Amendment executed by such Refinancing Revolver Lender and such Refinancing Tranche A Term Lender party to this Amendment shall be deemed to constitute the delivery of a counterpart of the Second Amendment executed by such Refinancing Revolver Lender and such Refinancing Tranche A Term Lender.  The consent of each Refinancing Revolver Lender and each Refinancing Tranche A Term Lender party to this Amendment to the Collateral Release Amendments shall be binding upon each of its successors and assigns.

 

Section 1.14  Guarantor Acknowledgment.  Each Guarantor acknowledges and consents to each of the foregoing provisions of this Amendment and the incurrence of the Refinancing Revolver Loans and Refinancing Tranche A Term Loans thereunder.  Each Guarantor further acknowledges and agrees that all Obligations with respect to the Refinancing Revolver Loans and Refinancing Tranche A Term Loans shall be fully guaranteed pursuant to the Credit Agreement (including as amended by this Amendment).  Each Guarantor hereby agrees to the amendments contemplated hereby.

 

[Remainder of Page Intentionally Left Blank]

 

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

 

 

	
 
    	
ACTIVISION   BLIZZARD, INC.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Dennis Durkin
    
	
 
    	
 
    	
Name:   
    	
Dennis   Durkin
    
	
 
    	
 
    	
Title:
    	
Chief   Financial Officer and Treasurer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
ACTIVISION   ENTERTAINMENT HOLDINGS, INC.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Dennis Durkin
    
	
 
    	
 
    	
Name:   
    	
Dennis   Durkin
    
	
 
    	
 
    	
Title:
    	
Chief   Financial Officer and Treasurer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
ACTIVISION   PUBLISHING, INC.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Dennis Durkin
    
	
 
    	
 
    	
Name:   
    	
Dennis   Durkin
    
	
 
    	
 
    	
Title:
    	
Chief   Financial Officer and Treasurer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
BLIZZARD   ENTERTAINMENT, INC.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Michael S. Morhaime
    
	
 
    	
 
    	
Name:   
    	
Michael   S. Morhaime
    
	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
KING.COM   (US), LLC
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Chris B. Walther
    
	
 
    	
 
    	
Name:
    	
Chris   B. Walther
    
	
 
    	
 
    	
Title:
    	
Chief   Legal Officer
    

 

[Signature Page to Fifth Amendment]

 

 

	
 
    	
BANK   OF AMERICA, N.A.,
    
	
 
    	
as   Administrative Agent and Collateral
    
	
 
    	
Agent
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Tiffany Shin
    
	
 
    	
 
    	
Name:   
    	
Tiffany   Shin
    
	
 
    	
 
    	
Title:
    	
Vice   President
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
BANK   OF AMERICA, N.A.,
    
	
 
    	
as   Swing Line Lender and L/C Issuer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   My-Linh Yoshiike
    
	
 
    	
 
    	
Name:   
    	
My-Linh   Yoshiike
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

[Signature Page to Fifth Amendment]

 

 

	
 
    	
Bank   of America, N.A.,
    
	
 
    	
as   Lender, Refinancing Revolver Lender, and
    
	
 
    	
Refinancing   Tranche A Term Lender
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   My-Linh Yoshiike
    
	
 
    	
 
    	
Name:   
    	
My-Linh   Yoshiike
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

[Signature Page to Fifth Amendment]

 

 

	
 
    	
JPMORGAN   CHASE BANK, N.A.,
    
	
 
    	
as   Lender, Refinancing Revolver Lender, Refinancing Tranche A Term Lender and   L/C Issuer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Patrick Minnick
    
	
 
    	
 
    	
Name:
    	
Patrick   Minnick
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

[Signature Page to Fifth Amendment]

 

 

	
 
    	
THE   BANK OF TOKYO-MITSUBISHI UFJ,
    
	
 
    	
LTD.,
    
	
 
    	
as   Lender and Refinancing Revolver Lender and
    
	
 
    	
Refinancing   Tranche A Term Lender
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Matthew Hillman
    
	
 
    	
 
    	
Name:   
    	
Matthew   Hillman
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

[Signature Page to Fifth Amendment]

 

 

	
 
    	
Mizuho   Bank, Ltd.
    
	
 
    	
as   Lender and Refinancing Revolver Lender and
    
	
 
    	
Refinancing   Tranche A Term Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Daniel Guevara
    
	
 
    	
 
    	
Name:
    	
Daniel   Guevara
    
	
 
    	
 
    	
Title:
    	
Authorized   Signatory
    

 

[Signature Page to Fifth Amendment]

 

 

	
 
    	
SUNTRUST   BANK,
    
	
 
    	
as   Lender and Refinancing Revolver Lender and
    
	
 
    	
Refinancing   Tranche A Term Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Cynthia Burton
    
	
 
    	
 
    	
Name:
    	
Cynthia   Burton
    
	
 
    	
 
    	
Title:
    	
Director
    

 

[Signature Page to Fifth Amendment]

 

 

	
 
    	
Wells   Fargo Bank, N.A.,
    
	
 
    	
as   Lender and Refinancing Revolver Lender and
    
	
 
    	
Refinancing   Tranche A Term Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Marguerite Burtzlaff
    
	
 
    	
 
    	
Name:
    	
Marguerite   Burtzlaff
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    

 

[Signature Page to Fifth Amendment]

 

 

	
 
    	
Bank   of Montreal,
    
	
 
    	
as   Lender and Refinancing Revolver Lender and
    
	
 
    	
Refinancing   Tranche A Term Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Christina Boyle
    
	
 
    	
 
    	
Name:
    	
Christina   Boyle
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    

 

[Signature Page to Fifth Amendment]

 

 

	
 
    	
U.S.   BANK NATIONAL ASSOCIATION
    
	
 
    	
as   Lender and Refinancing Revolver Lender and
    
	
 
    	
Refinancing   Tranche A Term Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Susan M. Bowes
    
	
 
    	
 
    	
Name:
    	
Susan   M. Bowes
    
	
 
    	
 
    	
Title:
    	
Senior   Vice President
    

 

[Signature Page to Fifth Amendment]

 

 

	
 
    	
CITIBANK,   N.A.,
    
	
 
    	
as   Lender, Refinancing Revolver Lender and
    
	
 
    	
Refinancing   Tranche A Term Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Keith Lukasavich
    
	
 
    	
 
    	
Name:
    	
Keith   Lukasavich
    
	
 
    	
 
    	
Title:
    	
Director   and Vice President
    

 

[Signature Page to Fifth Amendment]

 

 

	
 
    	
Barclays   Bank Plc,
    
	
 
    	
as   Lender and Refinancing Tranche A Term Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Christine Aharonian
    
	
 
    	
 
    	
Name:
    	
Christine   Aharonian
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

[Signature Page to Fifth Amendment]

 

 

	
 
    	
GOLDMAN   SACHS BANK USA,
    
	
 
    	
as   Lender and Refinancing Revolver Lender and
    
	
 
    	
Refinancing   Tranche A Term Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Rebecca Kratz
    
	
 
    	
 
    	
Name:
    	
Rebecca   Kratz
    
	
 
    	
 
    	
Title:
    	
Authorized   Signatory
    

 

[Signature Page to Fifth Amendment]

 

 

Schedule I

 

Refinancing Revolver Lenders

 

	
Lender
    	
 
    	
Revolving Credit Commitment(1)
    	
 
    
	
Bank of America, N.A.
    	
 
    	
$
    	
34,645,612.29
    	
 
    
	
JPMorgan Chase Bank, N.A.
    	
 
    	
$
    	
34,645,612.29
    	
 
    
	
The Bank of Tokyo Mitsubishi UFJ, Ltd.
    	
 
    	
$
    	
29,438,329.72
    	
 
    
	
Mizuho Bank, Ltd.
    	
 
    	
$
    	
29,438,329.72
    	
 
    
	
SunTrust Bank
    	
 
    	
$
    	
29,438,329.72
    	
 
    
	
Wells Fargo Bank, N.A.
    	
 
    	
$
    	
29,438,329.72
    	
 
    
	
Bank of Montreal
    	
 
    	
$
    	
20,380,382.12
    	
 
    
	
U.S. Bank National Association
    	
 
    	
$
    	
18,115,895.21
    	
 
    
	
Citibank, N.A.
    	
 
    	
$
    	
18,115,895.21
    	
 
    
	
Goldman Sachs Bank USA
    	
 
    	
$
    	
6,343,284.00
    	
 
    
	
Total:
    	
 
    	
$
    	
250,000,000.00
    	
 
    

 

(1)  Commitments are rounded to two decimal places.

 

 

Schedule II

 

Refinancing Tranche A Term Lenders

 

	
Lender
    	
 
    	
Refinancing Tranche A Term Commitment(2)
    	
 
    
	
Bank of America, N.A.
    	
 
    	
$
    	
437,204,387.71
    	
 
    
	
JPMorgan Chase Bank, N.A.
    	
 
    	
$
    	
437,204,387.71
    	
 
    
	
The Bank of Tokyo Mitsubishi UFJ, Ltd.
    	
 
    	
$
    	
295,561,670.28
    	
 
    
	
Mizuho Bank, Ltd.
    	
 
    	
$
    	
295,561,670.28
    	
 
    
	
SunTrust Bank
    	
 
    	
$
    	
295,561,670.28
    	
 
    
	
Wells Fargo Bank, N.A.
    	
 
    	
$
    	
295,561,670.28
    	
 
    
	
Bank of Montreal
    	
 
    	
$
    	
204,619,617.88
    	
 
    
	
U.S. Bank National Association
    	
 
    	
$
    	
181,884,104.79
    	
 
    
	
Citibank, N.A.
    	
 
    	
$
    	
181,884,104.79
    	
 
    
	
Barclays Bank PLC
    	
 
    	
150,000,000.00
    	
 
    
	
Goldman Sachs Bank USA
    	
 
    	
$
    	
99,956,716.00
    	
 
    
	
Total:
    	
 
    	
$
    	
2,875,000,000.00
    	
 
    

 

(2)  Commitments are rounded to two decimal places.

 

 

Exhibit A

 

Amended Credit Agreement

 

 

Exhibit A   Conformed through Second Amendment, dated November 13, 2015 Conformed through   Third Amendment, dated December 14, 2015 Conformed through Fourth Amendment,   dated March 31, 2016 Published CUSIP Number: 00507XAA3XAF2 CREDIT AGREEMENT   Dated as of October 11, 2013 among ACTIVISION BLIZZARD, INC., as the   Borrower, THE GUARANTORS PARTY HERETO FROM TIME TO TIME BANK OF AMERICA,   N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, THE OTHER   LENDERS PARTY HERETO FROM TIME TO TIME, J.P. MORGAN SECURITIES LLC, as   Syndication Agent, and BANK OF AMERICA MERRILL LYNCH and J.P. MORGAN   SECURITIES LLC, as Joint Lead Arrangers and Joint Bookrunners GOLDMAN SACHS   BANK USA,, HSBC SECURITIES (USA) INC., MITSUBISHI UFJ SECURITIES (USA), INC.,   MIZUHO SECURITIES USA INC., RBC CAPITAL MARKETS1, SUNTRUST BANK, and U.S.   BANK NATIONAL ASSOCIATION as Co-Documentation Agents 1 RBC Capital Markets is   a brand name for the capital markets business of Royal Bank of Canada and its   Affiliates. 1001820109v31002217597 

    

 

TABLE OF   CONTENTS Page ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS Section 1.01   Section 1.02 Section 1.03 Section 1.04 Section 1.05 Section 1.06 Section 1.07   Section 1.08 Section 1.09 Defined Terms. 1 Other Interpretive Provisions. 6145   Accounting Terms. 6146 Rounding. 6246 References to Agreements, Laws, Etc.   6246 Times of Day. 6246 Timing of Payment of Performance. 6246 Pro Forma and   Other Calculations. 6246 Letter of Credit Amounts. 6449 ARTICLE II. THE   COMMITMENTS AND CREDIT EXTENSIONS Section 2.01 Section 2.02 Section 2.03   Section 2.04 Section 2.05 Section 2.06 Section 2.07 Section 2.08 Section 2.09   Section 2.10 Section 2.11 Section 2.12 Section 2.13 Section 2.14 Section 2.15   Section 2.16 Section 2.17 The Loans. 6449 Borrowings, Conversions and   Continuations of Loans. 6550 Letters of Credit. 6751 Swing Line Loans. 7661   Prepayments. 7964 Termination or Reduction of Commitments. 8366 Repayment of   Loans. 8467 Interest. 8568 Fees. 8568 Computation of Interest and Fees. 8669   Evidence of Indebtedness. 8669 Payments Generally. 8770 Sharing of Payments.   8972 Incremental Credit Extensions. 9073 Refinancing Amendments. 9375   Extension Offers. 9476 Defaulting Lenders. 9779 ARTICLE III. TAXES, INCREASED   COSTS PROTECTION AND ILLEGALITY Section 3.01 Section 3.02 Section 3.03   Section 3.04 Taxes. 9880 Illegality. 10183 Inability to Determine Rates.   10184 Increased Cost and Reduced Return; Capital Adequacy; Reserves on   Eurodollar Rate Loans. 10284 Section 3.05 Section 3.06 Funding Losses. 10386   Matters Applicable to All Requests for Compensation. 10486   -i-1001820109v31002217597 

    

 

Section 3.07   Section 3.08 Replacement of Lenders under Certain Circumstances. 10587   Survival. 10688 ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS Section   4.01 Section 4.02 Section 4.03 Conditions of Initial Credit   Extension.[Reserved] 10688 Conditions to All Credit Extensions After the   Closing Date. 10988 Certain Funds. 112 ARTICLE V. REPRESENTATIONS AND   WARRANTIES Section 5.01 Section 5.02 Section 5.03 Section 5.04 Section 5.05   Section 5.06 Section 5.07 Section 5.08 Section 5.09 Section 5.10 Section 5.11   Section 5.12 Section 5.13 Section 5.14 Section 5.15 Section 5.16 Section 5.17   Section 5.18 Section 5.19 Section 5.20 Section 5.21 Section 5.22 Existence,   Qualification and Power; Compliance with Laws. 11389 Authorization; No   Contravention. 11489 Governmental Authorization; Other Consents. 11489   Binding Effect. 11489 Financial Statements; No Material Adverse Effect. 11590   Litigation. 11590 No Default. 11590 Ownership of Property; Liens. 11590   Environmental Compliance. 11590 Taxes. 11691 ERISA Compliance. 11792   Subsidiaries; Equity Interests. 11792 Margin Regulations; Investment Company   Act. 11792 Disclosure. 11893 Patriot Act and OFAC. 11893 Intellectual   Property; Licenses, Etc. 11994 Solvency. 12094 Subordination of Subordinated   Indebtedness.[Reserved] 12094 FCPA. 12095 Security Documents.[Reserved] 12095   Use of Proceeds. 12195 2015 Acquisition Related Representations 121 ARTICLE   VI. AFFIRMATIVE COVENANTS Section 6.01 Section 6.02 Section 6.03 Section 6.04   Section 6.05 Section 6.06 Section 6.07 Section 6.08 Financial Statements.   12295 Certificates; Other Information. 12396 Notices. 12497 Payment of Taxes.   12598 Preservation of Existence, Etc. 12598 Maintenance of Properties. 12598   Maintenance of Insurance. 12598 Compliance with Laws. 12699 -ii-1002217597   1001820109v3 

    

 

Section 6.09   Section 6.10 Section 6.11 Section 6.12 Section 6.13 Section 6.14 Section 6.15   Section 6.16 Section 6.17 Section 6.18 Section 6.19 Section 6.20 Section 6.21   Books and Records. 12699 Inspection Rights. 12699 Additional Collateral;   Additional Guarantors. 12799 Compliance with Environmental Laws. 129100   Further Assurances and Post-Closing Conditions. 129[Reserved] 100 Designation   of Subsidiaries. 129100 ERISA Reports. 130101 Use of Proceeds. 131102   Maintenance of Ratings. 131102 Lender Calls. 131102 Amber Holding/Bidco.   131102 Certain Funds Covenants. 132 Conditions Subsequent. 135 ARTICLE VII.   NEGATIVE COVENANTS Section 7.01 Section 7.02 Liens. 135103 Incurrence of   Indebtedness and Issuance of Disqualified Stock and Preferred Stock. 139106   Section 7.03 Section 7.04 Section 7.05 Section 7.06 Section 7.07 Section 7.08   Section 7.09 Section 7.10 Section 7.11 Fundamental Changes. 145110   Dispositions. 147112 Restricted Payments. 149114 Change in Nature of   Business. 154116 Transactions with Affiliates. 154116 Burdensome Agreements.   156118 [Reserved]. 158120 Accounting Changes. 158[Reserved] Financial   Covenant 120 120 ARTICLE VIII. EVENTS OFOF DEFAULT AND REMEDIES Section 8.01   Section 8.02 Section 8.03 Section 8.04 Events of Default. 158120 Remedies   Upon Event of Default. 162123 Exclusion of Immaterial Subsidiaries. 163123   Application of Funds. 163124 ARTICLE IX. ADMINISTRATIVE AGENT AND OTHER   AGENTS Section 9.01 Section 9.02 Section 9.03 Section 9.04 Section 9.05   Section 9.06 Appointment and Authority. 164125 Delegation of Duties. 165125   Exculpatory Provisions. 165125 Reliance by Administrative Agent. 166126   Non-Reliance on Administrative Agent and Other Lenders. 166127 Rights as a   Lender. 166127 -iii-1002217597 1001820109v3 

    

 

Section 9.07   Section 9.08 Section 9.09 Section 9.10 Section 9.11 Resignation of   Administrative Agent. 167127 Administrative Agent May File Proofs of Claim.   168128 Collateral and Guaranty Matters. 168129 No Other Duties, Etc. 170129   Treasury Services Agreements and Secured Hedge Agreements. 170129 Withholding   Tax. 170130 Section 9.12 ARTICLE X. MISCELLANEOUS Section 10.01 Section 10.02   Section 10.03 Section 10.04 Section 10.05 Section 10.06 Section 10.07 Section   10.08 Section 10.09 Section 10.10 Section 10.11 Section 10.12 Section 10.13   Section 10.14 Section 10.15 Section 10.16 Section 10.17 Section 10.18 Section   10.19 Section 10.20 Section 10.21 Amendments, Etc. 171130 Notices;   Effectiveness; Electronic Communications. 173132 No Waiver; Cumulative   Remedies; Enforcement. 175135 Expenses; Indemnity; Damage Waiver. 176135   Payments Set Aside. 178137 Successors and Assigns. 178138 Treatment of   Certain Information; Confidentiality. 184144 Setoff. 186145 Interest Rate   Limitation. 186145 Counterparts; Effectiveness. 186146 Integration. 187146   Survival of Representations and Warranties. 187146 Replacement of Lenders.   187146 Severability. 188147 GOVERNING LAW. 188148 WAIVER OF RIGHT TO TRIAL BY   JURY. 189148 Binding Effect. 189149 No Advisory or Fiduciary Responsibility.   190149 Lender Action. 190150 USA Patriot Act. 190150 Electronic Execution of   Assignments and Certain Other Documents. 191150 ARTICLE XI. GUARANTEE Section   11.01 Section 11.02 Section 11.03 Section 11.04 Section 11.05 Section 11.06   Section 11.07 Section 11.08 Section 11.09 Section 11.10 The Guarantee. 191151   Obligations Unconditional. 192151 Reinstatement. 193152 Subrogation;   Subordination. 193153 Remedies. 193153 Instrument for the Payment of Money.   194153 Continuing Guarantee. 194153 General Limitation on Guarantee   Obligations. 194153 Release of Guarantors. 194154 Right of Contribution.   194154 -iv-1002217597 1001820109v3 

    

 

Section 11.11   Section 11.12 Section 11.13 Subject to Intercreditor Agreement. 195[Reserved]   154 Keepwell. 195154 Acknowledgement and Consent to Bail-In of EEA Financial   Institutions. 195155 SCHEDULES 1.01A 1.01E 4.01(a) 5.08 5.09(b) 5.09(d) 5.12   6.13(a) 7.01(b) 7.02(b) 10.02 Commitments Existing Investments Post-Closing   Requirements Ownership of Property Environmental Matters Environmental   Actions Subsidiaries and Other Equity Investments Certain Collateral   Documents Existing Liens Existing Indebtedness Administrative Agent’s Office,   Certain Addresses for Notices EXHIBITS Form of A B C-1 C-2 C-3 D E F G-1G G-2   H I-1 I-2 J K L Committed Loan Notice Swing Line Loan Notice Term Note   Revolving Credit Note Swing Line Note Compliance Certificate Assignment and   Assumption Security Agreement[Reserved] Perfection Certificate[Reserved]   Perfection Certificate Supplement Intercompany Note[Reserved] Intercreditor   Agreement[Reserved] Second Lien Intercreditor Agreement[Reserved] United   States Tax Compliance Certificate Solvency Certificate[Reserved] Loan Offer   Provisions -v-1002217597 1001820109v3 

    

 

CREDIT AGREEMENT   This CREDIT AGREEMENT (this “Agreement”) is entered into as of October 11,   2013, as amended by that certain first amendment dated as of November 2,   2015, among ACTIVISION BLIZZARD, INC., a Delaware corporation (together with   its successors and assigns, the “Borrower”), the Guarantors party hereto from   time to time, BANK OF AMERICA, N.A., as Administrative Agent, Collateral   Agent, the Swing Line Lender and an L/C Issuer, JPMORGAN CHASE BANK, N.A., as   an L/C Issuer, and each lender from time to time party hereto (collectively,   the “Lenders” and individually, a “Lender”). PRELIMINARY STATEMENTS The   Borrower has requested that (i) on the Closing2016 Refinancing Amendment   Effective Date, the Initial Term Lenders lend to the Borrower Initial Term   Loans in an initial principal amount of $2,500,000,000 in order to pay for   the Stock Buy-Back and to finance costs and expenses incurred in connection   with the Transaction2,875,000,000 for general corporate purposes and working   capital needs, including, without limitation, to prepay loans outstanding   under the Agreement, as in effect immediately prior to the effectiveness of   the Refinancing Facilities Amendments (as defined in the Fifth Amendment) and   (ii) from time to time, the Revolving Credit Lenders make Revolving Credit   Loans and Swing Line Loans to the Borrower and the L/C Issuers issue on the   account of the Borrower and its Subsidiaries Letters of Credit. In order to   fund the 2015 Transactions, the Borrower has requested that the Original   Tranche A Term Lenders lend to the Borrower Original Tranche A Term Loans in   an initial principal amount of $2,300,000,000. Whereas the Borrower has   requested that the Additional Tranche A Term Lenders lend to the Borrower   Additional Tranche A Term Loans in an initial principal amount of   $250,000,000. The applicable Lenders have indicated their willingness to   lend, and the L/C Issuers have indicated their willingness to issue Letters   of Credit, in each case, on the terms and subject to the conditions set forth   herein. In consideration of the mutual covenants and agreements herein   contained, the parties hereto covenant and agree as follows: 1002217597   1001820109v3 

    

 

ARTICLE I.   Definitions and Accounting Terms Section 1.01Defined Terms. As used in this   Agreement, the following terms shall have the meanings set forth below: “2015   Acquisition” means the acquisition by Bidco of the Target Shares by way of   Offer or Scheme and on the terms of the 2015 Acquisition Documents.has the   meaning set forth in the definition of “2015 Transactions.” “2015 Acquisition   Circular” means: (i) in relation to an Offer, the Offering Circular or (ii)   in relation to a Scheme, the Scheme Circular. “2015 Acquisition Documents”   means: (i) in relation to an Offer, each of the Offer Documents or (ii) in   relation to a Scheme, each of the Scheme Documents. “2015 Closing Date” means   the first date on which all the conditions precedent set forth in Section   4.02(b) shall be satisfied or waived in accordance with the terms of this   Agreement and a Certain Funds Credit Extension is made under this Agreement.   “2015 Revolving Credit Facility Effective Date” means the date of the initial   funding of the Tranche A Term Loans provided that the Revolving Credit   Commitments and Revolving Credit Loans, in each case, as defined in and as in   effect under the Credit Agreement immediately prior to the date of such   initial funding, if any, shall have been terminated and (if applicable)   repaid in full prior to or substantially concurrently with such initial   funding. “2015 Transaction Agreement” means the agreement to be entered into   between the Target, the Borrower and Bidco providing for the parties   participation in, and carriage of, the Scheme or as the case may be the   Offer. “2015 Transactions” means, collectively, any or all of the following   (whether taking place prior to, on or following the First Amendment Effective   Date): (i) the entry into the: (i) the acquisition by a Subsidiary of the   Borrower of King Digital Entertainment plc (the “2015 Acquisition Documents   and the consummation of the 2015 Acquisition”), (ii) the entry into the First   Amendment, any other amendment to the Creditamendments to the Agreement   and/or other Loan Documents and/or any other financing arrangement (including   any cash arrangement) in connection with the 2015 Acquisition and, in each   case, if and as applicable, the incurrence of Indebtedness thereunder, (iii)   the intercompany reorganization in connection with the 2015 Acquisition, (iv)   the repayment of certain existing Indebtedness and (v) all other transactions   relating to any of the foregoing (including payment of fees and expenses   related to any of the foregoing). 2 1002217597 1001820109v3 

    

 

“2015   Transactions Investment” means any Investment in connection with the 2015   Transactions. “2016 Credit Agreement Amendment Effective Date” means the date   on which the conditions of Section 1.7(c) of the Fifth Amendment are   satisfied. “2016 Refinancing Amendment Effective Date” means the date on   which the conditions of Section 1.7(a) of the Fifth Amendment are satisfied.   “Accounting Opinion” has the meaning set forth in Section 6.01(a). “Acquired   Indebtedness” means, with respect to any specified Person, (a) Indebtedness   of any other Person existing at the time such other Person is merged with or   into or became a Restricted Subsidiary of such specified Person, including   Indebtedness incurred in connection with, or in contemplation of, such other   Person merging with or into or becoming a Restricted Subsidiary of such   specified Person, and (b) Indebtedness secured by a Lien encumbering any   asset acquired by such specified Person. “Act” means the Companies Act 2014   of Ireland (as amended). “Additional Lender” has the meaning set forth in   Section 2.14(a). “Additional Refinancing Lender” means, at any time, any   bank, financial institution or other institutional lender or investor that,   in any case, is not an existing Lender and that agrees to provide any portion   of Credit Agreement Refinancing Indebtedness pursuant to a Refinancing   Amendment in accordance with Section 2.15, provided that each Additional   Refinancing Lender shall be subject to the approval of the Administrative   Agent, such approval not to be unreasonably withheld or delayed, to the   extent that any such consent would be required from the Administrative Agent   under Section 10.06(b)(iii)(B) for an assignment of Loans to such Additional   Refinancing Lender and in the case of Other Revolving Credit Commitments with   respect to the Revolving Credit Facility, the Swing Line Lender and L/C   Issuer, solely to the extent such consent would be required for any   assignment to such Lender. “Adjusted Leverage Ratio Period” has the meaning   set forth in Section 7.11. “Additional Tranche A Term Borrowing” means a   borrowing consisting of simultaneous Additional Tranche A Term Loans of the   same Type and currency and, in the case of Eurodollar Rate Loans, having the   same Interest Period made by each of the Additional Tranche A Term Lenders.   “Additional Tranche A Term Commitment” means, as to any Additional Tranche A   Term Lender, the aggregate of its Term Commitments in an aggregate amount not   to exceed 3 1002217597 1001820109v3 

    

 

the amount set   forth opposite such Lender’s name on Schedule 1.01A under the caption   “Additional Tranche A Term Commitment.” “Additional Tranche A Term Facility”   means the Additional Tranche A Term Commitments and the Additional Tranche A   Term Loans. “Additional Tranche A Term Lender” means, at any time, any Lender   that has an Additional Tranche A Term Commitment or an Additional Tranche A   Term Loan at such time. “Additional Tranche A Term Loan” means a Loan made   pursuant to Section 2.01(a)(III). “Administrative Agent” means Bank of   America, N.A., in its capacity as administrative agent under any of the Loan   Documents, or any successor administrative agent. “Administrative Agent’s   Office” means the Administrative Agent’s address and account as set forth on   Schedule 10.02, or such other address or account as the Administrative Agent   may from time to time notify the Borrower and the Lenders. “Administrative   Questionnaire” means an Administrative Questionnaire in a form supplied by   the Administrative Agent. “Affiliate” of any specified Person, means any   other Person directly or indirectly controlling or controlled by or under   direct or indirect common control with such specified Person. For purposes of   this definition, “control” (including, with correlative meanings, the terms   “controlling,” “controlled by” and “under common control with”), as used with   respect to any Person, shall mean the possession, directly or indirectly, of   the power to direct or cause the direction of the management or policies of   such Person, whether through the ownership of voting securities, by agreement   or otherwise. “Affiliate Transaction” has the meaning set forth in Section   7.07(a). “Agent Parties” has the meaning set forth in Section 10.02(c).   “Agents” means, collectively, the Administrative Agent, the Collateral Agent   and the Syndication Agent. “Aggregate Commitments” means the Commitments of   all the Lenders. “Agreement” means this credit agreement, as the same may be   amended, amended and restated, supplemented or otherwise modified from time   to time. “Amber Holding” means Amber Holding Subsidiary Co. “Announcement”   means in the case of an Offer, the Offer Press Release and in the case of a   Scheme, the Scheme Press Release. 4 1002217597 1001820109v3 

    

 

“Anti-Terrorism   Laws” has the meaning set forth in Section 5.15. “Applicable Existing Term   Loan” has the meaning set forth in Section 2.16. “Applicable Indebtedness”   has the meaning set forth in the definition of “Weighted Average Life to   Maturity.” “Applicable Percentage” means with respect to any Revolving Credit   Lender, the percentage (carried out to the ninth decimal place) of the total   Revolving Credit Commitments represented by such Revolving Credit Lender’s   Revolving Credit Commitment. If the Revolving Credit Commitments have   terminated or expired, the Applicable Percentages shall be determined based   upon the Revolving Credit Commitments most recently in effect, giving effect   to any assignments. “Applicable Period” has the meaning set forth in the   definition of “Applicable Rate.” “Applicable Rate” means a percentage per   annum equal to: (a) with respect to Initial Term Loans, 2.50% in the case of   Eurodollar Rate Loans and 1.50% in the case of Base Rate Loans; (b) with   respect to Tranche A Term Loans, (i) until delivery of financial statements   for the first full fiscal quarter commencing on or after the 2015 Closing   Date pursuant to Section 6.01, (A) for Eurodollar Rate Loans, 2.00%, (B) for   Base Rate Loans, 1.00% and (ii) thereafter, the following percentages per   annum, based upon the Consolidated Total Net Debt Ratio as   setforthinthemostrecentComplianceCertificatereceivedby the Administrative   Agent pursuant to Section 6.02(a): “Applicable Rate” means the following   percentages per annum (less, in the case of Letter of Credit fees, the fronting   fee payable in respect of the applicable Letter of Credit): (c) with respect   to Revolving Credit Loans, unused Revolving Credit Commitments and Letter of   Credit fees, (i) until delivery of financial statements for the first full   fiscal quarter commencing on or after the 2015 Revolving Credit Facility   Effective Date pursuant to Section 6.01 , (A) for Eurodollar Rate Loans,   2.00%, (B) for Base Rate Loans, 1.00%, (C) for Letter of Credit fees, 2.00%   and (D) for unused commitment fees, 0.250% and (ii) thereafter, the following   percentages per annum (less, in the case of Letter of Credit fees, the   fronting fee 5 1002217597 1001820109v3 Applicable Rate Eurodollar   PricingConsolidated Total NetRate and Letter LevelDebt Ratioof Credit   FeesBase Rate 1< 1.75:1.001.50%0.50% 2> 1.75:1.001.75%0.75% 3>   2.00:1.002.00%1.00% 4> 3.00:1.002.25%1.25% 

    

 

payable in   respect of the applicable Letter of Credit) , based upon the Consolidated   Total Net Debt Ratio as set forth in the most recent Compliance Certificate   received by the Administrative Agent pursuant to Section 6.02(a): Applicable   Rate Consolidated Total Net Debt RatioCorporate Rating of Unused Revolving   Credit Eurodollar Rate and Letter of Credit Fees Pricing Level Commitment Fee   Rate Base Rate 13 < 1.75:1.00At least BBB-by 1.50% 0.50% 0.2500.20%   S&P/Baa3 by Moody’s and not Level 1 or 2 24 > 1.75:1.00At least BB+ by   1.75% 0.75% 0.2500.25% S&P/Ba1 by Moody’s and not Level 1, 2 or 3 35 >   2.00:1.00Below Level 4 2.00% 1.00% 0.2500.35% For the purposes of the   foregoing, “Corporate Rating” is the public, corporate credit rating of the   Borrower or, if no such rating is available, the rating for the senior,   unsecured, long-term indebtedness for borrowed money of the Borrower. For   purposes of the foregoing, (i) if either Moody’s or S&P shall not have in   effect a Corporate Rating (other than by reason of the circumstances referred   to in the immediately preceding sentence or the penultimate sentence of this   paragraph), then such rating agency shall be deemed to have established a   rating in Level 5; (ii) if the Corporate Rating 6 1002217597 1001820109v3   4> 3.00:1.002.25%1.25%0.250% 1At least BBB+ by1.125%0.125%0.125%   S&P/Baa1 by Moody’s 2At least BBB by1.25%0.25%0.15%% S&P/Baa2 by   Moody’s and not Level 1 

    

 

established or   deemed to have been established by Moody’s and S&P shall fall within   different Levels, the pricing shall be based on the higher of the two ratings   unless one of the two ratings is two or more Levels lower than the other, in   which case the pricing shall be determined by reference to the Level next   below that of the higher of the two ratings; and (iii) if the Corporate   Rating established or deemed to have been established by Moody’s or S&P   shall be changed (other than as a result of a change in the rating system of   Moody’s or S&P), such change shall be effective as of the date on which   it is first announced by the applicable rating agency, irrespective of when   notice of such change shall have been furnished by the Borrower to the   Administrative Agent and the Lenders. Each change in pricing shall apply during   the period commencing on the effective date of such change and ending on the   date immediately preceding the effective date of the next such change. If the   rating system of Moody’s or S&P shall change, or if either such rating   agency shall cease to be in the business of assigning corporate ratings, the   Borrower and the Administrative Agent, in consultation with Lenders, shall   negotiate in good faith to amend the pricing grid above to reflect such   changed rating system or the unavailability of such ratings from such rating   agency and, pending the effectiveness of any such amendment, the pricing   shall be determined by reference to the rating most recently in effect prior   to such change or cessation. For purposes of this paragraph, the term   “pricing” shall refer collectively to “Eurodollar Rate and Letter of Credit   Fees”, “Base Rate” and “Unused Revolving Credit Commitment Fee Rate” (as set   forth in the pricing grid above). Any increase or decrease in the Applicable   Rate resulting from a change in the Consolidated Secured Debt Ratio or the   Consolidated Total Net Debt Ratio, as applicable, shall become effective as   of the first Business Day immediately following the date the applicable   Compliance Certificate is delivered pursuant to Section 6.02(a); provided that,   upon the request of the Required Lenders, the highest Pricing Level shall   apply (x) as of the first Business Day after the date on which a Compliance   Certificate was required to have been delivered but was not delivered, and   shall continue to so apply up to and including the date on which such   Compliance Certificate is so delivered (and thereafter the Pricing Level   otherwise determined in accordance with this definition shall apply) and (y)   as of the first Business Day after an Event of Default under Section 8.01(a)   shall have occurred and be continuing, and shall continue to so apply up to   but excluding the date on which such Event of Default is cured or waived (and   thereafter the Pricing Level otherwise determined in accordance with this   definition shall apply). In the event that any Compliance Certificate is   shown by the Administrative Agent to be inaccurate (whether as a result of an   inaccuracy in the financial statements on which such Compliance Certificate   is based, a mistake in calculating the applicable Consolidated Secured Debt   Ratio or otherwise) at any time that this Agreement is in effect and any   Loans or Commitments are outstanding such that the Applicable Rate for any   period (an “Applicable Period”) should have been higher than the Applicable Rate   applied for such Applicable Period, then (i) the Borrower shall promptly (and   in no event later than five (5) Business Days thereafter) deliver to the   Administrative Agent a corrected Compliance Certificate for such Applicable   Period, (ii) the Applicable Rate shall be determined by reference to the   corrected Compliance Certificate (but in no event shall the Lenders owe any   amounts to the Borrower), and (iii) the Borrower shall pay to the   Administrative Agent promptly upon demand (and in no event later than five   (5) Business Days after demand) any additional interest owing as a result 7   1002217597 1001820109v3 

    

 

of such   increased Applicable Rate for such Applicable Period, which payment shall be   promptly applied by the Administrative Agent in accordance with the terms   hereof. Notwithstanding anything to the contrary in this Agreement, any   additional interest hereunder shall not be due and payable until demand is   made for such payment pursuant to clause (iii) above and accordingly, any nonpayment   of such interest as a result of any such inaccuracy shall not constitute a   Default (whether retroactively or otherwise), and no such amounts shall be   deemed overdue (and no amounts shall accrue interest at the Default Rate), at   any time prior to the date that is five (5) Business Days following such   demand. The Borrower’s Obligations under this paragraph shall survive the   termination of the Aggregate Commitments and the repayment of all other   Obligations hereunder. “Appropriate Lender” means, at any time, (a) with   respect to Loans of any Class, the Lenders of such Class, (b) with respect to   Letters of Credit, (i) the relevant L/C Issuers and (ii) the Revolving Credit   Lenders and (c) with respect to the Swing Line Facility, (i) the relevant   Swing Line Lender and (ii) if any Swing Line Loans are outstanding pursuant   to Section 2.04(a), the Revolving Credit Lenders. “Approved Fund” means any   Fund that is administered, advised or managed by (a) a Lender, (b) an   Affiliate of a Lender or (c) an entity or an Affiliate of an entity that   administers, advises or manages a Lender. “Arrangers” means Bank of America,   N.A., an affiliate of Merrill Lynch, Pierce, Fenner & Smith Incorporated   and J.P. Morgan Securities LLC, in their capacities as lead arrangerarrangers   and lead bookrunners. “Assigned Term Loan” has the meaning set forth in   Section 10.06(i). “Assignee Group” means two or more Eligible Assignees that   are Affiliates of one another or two or more Approved Funds managed by the   same investment advisor. “Assignees” has the meaning set forth in Section   10.06(b). “Assignment and Assumption” means an assignment and assumption   entered into by a Lender and an Eligible Assignee (with the consent of any   party whose consent is required by Section 10.06(b)(iii), and accepted by the   Administrative Agent, in substantially the form of Exhibit E hereto or any   other form (including electronic documentation generated by MarkitClear or   other electronic platform) approved by the Administrative Agent. “Attorney   Costs” means and includes all reasonable fees, expenses and disbursements of   any law firm or other external legal counsel. “Attributable Indebtedness”   means, on any date, in respect of any Capitalized Lease of any Person, the   capitalized amount thereof that would appear on a balance sheet of such   Person prepared as of such date in accordance with GAAP. “Audited Financial   Statements” means the audited consolidated balance sheet of the Borrower and   its Subsidiaries as of each of December 31, 2012 2015, 2014 and 2011 2013, respectively   and the related audited consolidated statements of income, of changes in 8   1002217597 1001820109v3 

    

 

shareholders’   equity and of cash flows for the Borrower and its Subsidiaries for the fiscal   yearsyear ended December 31, 2012 2015, 2011 2014 and 2010, 2013   respectively. “Auto-Extension Letter of Credit” has the meaning set forth in   Section 2.03(b)(iii). “Bail-In Action” means the exercise of any Write-Down   and Conversion Powers by the applicable EEA Resolution Authority in respect   of any liability of an EEA Financial Institution. “Bail-In Amendment   Effective Date” means the date on which the conditions of Section 1.4(b) of   the Fourth Amendment are satisfied. “Bail-In Legislation” means, with respect   to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of   the European Parliament and of the Council of the European Union, the   implementing law for such EEA Member Country from time to time which is   described in the EU Bail-In Legislation Schedule. “Bank of America” means   Bank of America, N.A. and its successors. “Base Rate” means for any day a   fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate   plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly   announced from time to time by Bank of America as its “prime rate,” and (c)   the Eurodollar Rate plus 1.00%; provided that for purposes of this clause   (c), the Base Rate (I) with respect to Initial Term Loans will be deemed not   to be less than 1.75% and (II) shall otherwiseshall not be less than 0%. The   “prime rate” is a rate set by Bank of America based upon various factors   including Bank of America’s costs and desired return, general economic   conditions and other factors, and is used as a reference point for pricing some   loans, which may be priced at, above, or below such announced rate. Any   change in such prime rate announced by Bank of America shall take effect at   the opening of business on the day specified in the public announcement of   such change. “Base Rate Loan” means a Loan that bears interest based on the   Base Rate. “Bidco” means ABS Partners C.V., a Dutch limited partnership, or   any other Restricted Subsidiary of the Borrower designated in writing by the   Borrower to the Administrative Agent that shall acquire the Target Shares in   the 2015 Acquisition. “Bidco Change of Control” means Bidco ceasing to be a   Wholly-Owned Subsidiary of the Borrower that is a Restricted Subsidiary.   “Borrower” has the meaning set forth in the introductory paragraph to this   Agreement. “Borrower Materials” has the meaning assigned to such term in   Section 6.02. “Borrowing” means a Revolving Credit Borrowing, a Swing Line   Borrowing, an Initial Term Borrowing or a Tranche A Term Borrowing, as the   context may require. 9 1002217597 1001820109v3 

    

 

“Business Day”   means any day other than a Saturday, Sunday or other day on which commercial   banks are authorized to close under the Laws of, or are in fact closed in,   the state where the Administrative Agent’s Office is located and if such day   relates to any interest rate settings as to a Eurodollar Rate Loan, any   fundings, disbursements, settlements and payments in respect of any such   Eurodollar Rate Loan, or any other dealings to be carried out pursuant to   this Agreement in respect of any such Eurodollar Rate Loan, means any such   day on which dealings in deposits are conducted by and between banks in the   London interbank eurodollar market. “Capital Stock” means: (a) in the case of   a corporation or Irish incorporated limited liability company, corporate   stock; (b) in the case of an association or business entity, any and all   shares, interests, participations, rights or other equivalents (however   designated) of corporate stock; (c) in the case of a partnership or limited   liability company (other than an Irish incorporated limited liability   company), partnership or membership interests (whether general or limited);   and (d) any other interest or participation that confers on a Person the   right to receive a share of the profits and losses of, or distributions of   assets of, the issuing Person. “Capitalized Lease Obligation” means, at the   time any determination thereof is to be made, the amount of the liability in   respect of a capital lease that would at such time be required to be   capitalized and reflected as a liability on a balance sheet (excluding the   footnotes thereto) in accordance with GAAP as in effect on the Closing Date.   “Capitalized Leases” means all leases that have been or should be, in   accordance with GAAP, recorded as capitalized leases; provided that for all   purposes hereunder the amount of obligations under any Capitalized   Leasecapital lease shall be the amount thereof accounted for as a liability   in accordance with GAAP as in effect on the Closing Date. “Capitalized   Software Expenditures” means, for any period, the aggregate of all   expenditures (whether paid in cash or accrued as liabilities) by a Person and   its Restricted Subsidiaries during such period in respect of purchased   software or internally developed software and software enhancements that, in   conformity with GAAP, are or are required to be reflected as capitalized   costs on the consolidated balance sheet of such Person and such Subsidiaries   (for the avoidance doubt, this excludes software development costs in   accordance with FASB guidance for costs of computer software to be sold,   leased, or otherwise marketed under Accounting Standards Codification   Subtopic 985-20). 10 1002217597 1001820109v3 

    

 

“Capital   Reduction” means, if the 2015 Acquisition proceeds by way of a Scheme, the   proposed reduction of the share capital of the Target under Sections 84 and   85 of the Act, which forms part of the Scheme. “Cash Collateral” has the   meaning specified in Section 2.03(g). “Cash Collateral Account” means a blocked   account at Bank of America, N.A. (or another commercial bank selected in   compliance with Section 9.09) in the name of the Administrative Agent and   under the sole dominion and control of the Administrative Agent, and   otherwise established in a manner satisfactory to the Administrative Agent.   “Cash Collateralize” has the meaning specified in Section 2.03(g). “Cash   Equivalents” means: (a) United States dollars; (b) (A) euro, or any national   currency of any participating member state of the EMU; or (B) in the case of   any Foreign Subsidiary that is a Restricted Subsidiary, such local currencies   held by them from time to time in the ordinary course of business; (c)   securities issued or directly and fully and unconditionally guaranteed or   insured by the U.S. government or any agency or instrumentality thereof the   securities of which are unconditionally guaranteed as a full faith and credit   obligation of such government with maturities of 24 months or less from the   date of acquisition; (d) certificates of deposit, time deposits and dollar   time deposits with maturities of one year or less from the date of   acquisition, bankers’ acceptances with maturities not exceeding one year and   overnight bank deposits, in each case with any commercial bank having capital   and surplus of not less than $500.0 million in the case of U.S. banks and   $100.0 million (or the U.S. dollar equivalent as of the date of   determination) in the case of non-U.S. banks; (e) repurchase obligations for   underlying securities of the types described in clauses (c) and (d) entered   into with any financial institution meeting the qualifications specified in   clause (d) above; (f) commercial paper rated at least P-1 by Moody’s or at   least A-1 by S&P and in each case maturing within 24 months after the date   of creation thereof; (g) marketable short-term money market and similar   securities having a rating of at least P-2 or A-2 from either Moody’s or   S&P, respectively (or, if at any time neither Moody’s nor S&P shall   be rating such obligations, an 11 1002217597 1001820109v3 

    

 

equivalent   rating from another Rating Agency) and in each case maturing within 24 months   after the date of creation thereof; (h) investment funds investing 95% of   their assets in securities of the types described in clauses (a) through (g)   above and (i) through (k) below); (i) readily marketable direct obligations   issued by any state, commonwealth or territory of the United States or any   political subdivision or taxing authority thereof having an Investment Grade   Rating from either Moody’s or S&P with maturities of 24 months or less   from the date of acquisition; (j) Indebtedness or Preferred Stock issued by   Persons with a rating of “A” or higher from S&P or “A2” or higher from   Moody’s with maturities of 24 months or less from the date of acquisition; and   (k) Investments with average maturities of 24 months or less from the date of   acquisition in money market funds rated AAA-(or the equivalent thereof) or   better by S&P or Aaa3 (or the equivalent thereof) or better by Moody’s.   Notwithstanding the foregoing, Cash Equivalents shall include amounts   denominated in currencies other than those set forth in clauses (a) and (b)   above, provided that such amounts are converted into any currency listed in   clauses (a) and (b) as promptly as practicable and in any event within ten   Business Days following the receipt of such amounts. “Casualty Event” means   any event that gives rise to the receipt by the Borrower or any Restricted   Subsidiary of any insurance proceeds or condemnation awards in respect of any   equipment, fixed assets or real property (including any improvements thereon)   to replace or repair such equipment, fixed assets or real property. “CERCLA”   means the Comprehensive Environmental Response, Compensation and Liability   Act of 1980, as subsequently amended. “CERCLIS” means the Comprehensive   Environmental Response, Compensation and Liability Information System   maintained by the U.S. Environmental Protection Agency. “Certain Funds   Covenant Event of Default” has the meaning set forth in Section 8.01(m).   “Certain Funds Credit Extension” means any Tranche A Term Borrowing made or   to be made during the Certain Funds Period. “Certain Funds Default” means (x)   an Event of Default arising under any of the following clauses of Section   8.01: (a)(i), (ii) and (iii) (but in each case only with respect to any   amount payable in respect of the Original Tranche A Term Facility), (b) (but   only with respect to (A) Section 6.05(a), (B) if such Event of Default   continues for thirty (30) days after notice thereof by the Administrative   Agent to the Borrower, Sections 7.01, 7.02 and 7.04 and 12 1002217597   1001820109v3 

    

 

(C) Sections   7.03 and 7.06), (d) (but only to the extent arising from a Certain Funds   Representation), (f), (g), (i) (but only with respect to this Agreement (as   amended by the First Amendment), the First Amendment and the Security   Agreement (collectively, the “Covered Loan Documents”) and, in each case,   only to the extent affecting the Original Tranche A Term Facility) or (m), in   each case, solely to the extent arising with respect to the Borrower, Bidco   or any direct or indirect parent company of Bidco that is a Wholly-Owned   Subsidiary of the Borrower (each, a “Covered Person”) (and not, for the   avoidance of doubt, with respect to or relating to any other Person or any   procurement obligation of any Covered Person with respect to any other Person   other than Bidco) or (y) the occurrence of a Bidco Change of Control.   “Certain Funds Period” means the period beginning on the First Amendment   Effective Date and ending on the earliest to occur of (a) the date on which   the Offer or (if applicable) the Scheme lapses or is withdrawn (other than   due to a switch between the Scheme and the Offer), (b) the Squeeze-Out   Settlement Date, (c) the Scheme Settlement Date and (d) the Longstop Date,   provided that, if (in the case of a Scheme) the Scheme Effective Date but not   the Scheme Settlement Date has occurred on or before the Longstop Date, the   Certain Funds Period shall be extended to the Scheme Settlement Date or, if   (in the case of an Offer) the Offer Effective Date but not the Squeeze-Out   Settlement Date has occurred on or before the Longstop Date, the Certain   Funds Period shall be extended to the earlier of (x) the date falling 60 days   after the Long Stop Date and (y) the Squeeze-Out Settlement Date. “Certain   Funds Representations” means the representations and warranties contained in   Sections 5.01(a), 5.01(b)(ii) (but solely with respect to the execution,   delivery and performance of the Covered Loan Documents), 5.02(a), (b)(i) and   (iii) (but in each case only with respect to the execution, delivery and   performance of the Covered Loan Documents), 5.04 (but solely with respect to   the Covered Loan Documents), 5.13, 5.15(a) (but solely with respect to   compliance with the USA Patriot Act) and (e) (but solely with respect to the   proceeds of the Tranche A Term Loans), 5.21 (but solely with respect to the   second sentence thereof pertaining to the proceeds of the Tranche A Term   Loans) and 5.22, in each case, solely as they relate to the Covered Persons   (and not, for the avoidance of doubt, with respect to or relating to any   other Person or any procurement obligation of any Covered Person with respect   to any other Person other than Bidco), except with respect to such   representations in Sections 5.01(a), 5.01(b)(ii), 5.02(a), (b)(i) and (iii)   and 5.04 to the extent described above, which shall in each case be deemed to   also refer to such representations and warranties as to any other Loan   Parties party to the Covered Loan Documents. “CFC” means a “controlled   foreign corporation” within the meaning of Section 957 of the Code. “CFC   Holdco” means a Domestic Subsidiary that has no material assets other than   the equity or debt of one or more Foreign Subsidiaries that are CFCs. “Change   in Law” means the occurrence, after the date of this Agreement, of any of the   following: (a) the adoption or taking effect of any law, rule, regulation or   treaty, (b) any change in any law, rule, regulation or treaty or in the   administration, interpretation, implementation or application thereof by any   Governmental Authority or (c) the making or 13 1002217597 1001820109v3 

    

 

issuance of any   request, rule, guideline or directive (whether or not having the force of   law) by any Governmental Authority; provided that notwithstanding anything   herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer   Protection Act and all requests, rules, guidelines or directives thereunder   or issued in connection therewith and (y) all requests, rules, guidelines or   directives promulgated by the Bank for International Settlements, the Basel   Committee on Banking Supervision (or any successor or similar authority) or   the United States regulatory authorities, in each case pursuant to Basel III,   shall in each case be deemed to be a “Change in Law”, regardless of the date   enacted, adopted or issued. “Change of Control” means any of the following:   (a) the sale, lease or transfer, in one or a series of related transactions,   of all or substantially all of the assets of the Borrower and its   Subsidiaries, taken as a whole, to any Person; (b) the Borrower becomes aware   of (by way of a report or any other filing pursuant to Section 13(d) of the   Exchange Act, proxy, vote, written notice or otherwise) the acquisition by   any Person or group (within the meaning of Section 13(d)(3) or Section   14(d)(2) of the Exchange Act), including any group acting for the purpose of   acquiring, holding or disposing of securities (within the meaning of Rule   13d-5(b)(1) under the Exchange Act, or any successor provision) in a single   transaction or in a related series of transactions, by way of merger,   consolidation or other business combination or purchase of beneficial   ownership (within the meaning of Rule 13d-3 under the Exchange Act, or any   successor provision) of a majority or more of the total voting power of the   Voting Stock of the Borrower; (c) the approval of any plan or proposal for   the winding up or liquidation of the Borrower; or (d) a “change of control”   (or similar event) shall occur under the Senior Notes, any Indebtedness for   borrowed money permitted under Section 7.02 with an aggregate principal   amount in excess of the Threshold Amount or any Permitted Refinancing   Indebtedness in respect of any of the foregoing or any Disqualified Stock.   For purposes of this definition, any direct or indirect holding company of   the Borrower shall not itself be considered a “Person” or “group” for   purposes of clause (b) above; provided that no “Person” or “group”   beneficially owns, directly or indirectly, more than a majority of the total   voting power of the Voting Stock of such holding company. “Class” (a) when   used with respect to Lenders, refers to whether such Lenders are Revolving   Credit Lenders, Initial Term Lenders or Tranche A or Term Lenders, (b) when   used with respect to Commitments, refers to whether such Commitments are   Revolving Credit Commitments, Initial Term Commitments or Tranche A or Term   Commitments, (c) when used with respect to Loans or a Borrowing, refers to   whether such Loans, or the Loans comprising such Borrowing, are Revolving   Credit Loans, Initial Term Loans or Tranche A or Term Loans 14 1002217597   1001820109v3 

    

 

and (d) when   used with respect to Facilities, refers to whether such Facility is the   Revolving Credit Facility, the Swing Line Sublimit, the Letter of Credit   Sublimit, the Initial Term Facility or the Tranche A Term Facility. “Clean-up   Period” means the period of 90 days from and including the 2015 Closing Date.   “Closing Date” means October 11, 2013. “Closing Fee” has the meaning set   forth in Section 2.09(b). “Code” means the U.S. Internal Revenue Code of   1986, as amended. “Collateral” means the “Collateral” as defined in the   Security Agreement, all the “Collateral” or “Pledged Assets” as defined in   any other Collateral Document and any other assets a Lien in which is granted   or purported to be granted pursuant to any Collateral Documents. “Collateral   Agent” means Bank of America, in its capacity as collateral agent or pledgee   in its own name under any of the Loan Documents, or any successor collateral   agent. “Collateral Documents” means, collectively, the Security Agreement,   each of the Mortgages, collateral assignments, security agreements, pledge   agreements, the Intellectual Property Security Agreements or other similar   agreements delivered to the Administrative Agent and the Lenders pursuant to   Section 6.11 or Section 6.13, and each of the other agreements, instruments   or documents that creates or purports to create a Lien in favor of the Collateral   Agent for the benefit of the Secured Parties. “Collateral Suspension” has the   meaning set forth in Section 9.09. “Commitment” means a Term Commitment or a   Revolving Credit Commitment of any Class or of multiple Classes, as the   context may require. “Committed Loan Notice” means a notice of (a) a   Borrowing, (b) a conversion of Loans from one Type to the other, or (c) a   continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if   in writing, shall be substantially in the form of Exhibit A or such other   form as may be approved by the Administrative Agent (including any form on an   electronic platform or electronic transmission system as shall be approved by   the Administrative Agent), appropriately completed and signed by a   Responsible Officer of the Borrower. “Commodity Exchange Act” means the   Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time,   and any successor statute. “Compliance Certificate” means a certificate   substantially in the form of Exhibit D hereto. “Company Material Adverse   Effect” means any fact, effect, change, event or circumstance that (i)   materially adversely affects the business, financial condition or results of   15 1002217597 1001820109v3 

    

 

operations of   the Borrower and its Subsidiaries, taken as a whole; provided, however, that   any fact, effect, change, event or circumstance arising from or related to   (except, in the case of clauses (a), (b), (c), (d), (e), (f) or (i) below, to   the extent disproportionately affecting the Borrower and its Subsidiaries,   taken as a whole, relative to other companies in the industries in which the   Borrower and its Subsidiaries operate, in which case only the incremental   disproportionate effect shall be taken into account): (a) conditions   affecting the United States economy, or any other national or regional   economy or the global economy generally, (b) political conditions (or changes   in such conditions) in the United States or any other country or region in   the world or acts of war, sabotage or terrorism (including any escalation or   general worsening of any such acts of war, sabotage or terrorism) in the   United States or any other country or region of the world occurring after the   date hereof, (c) changes in the financial, credit, banking or securities   markets in the United States or any other country or region in the world   (including any disruption thereof and any decline in the price of any   security or any market index), (d) changes required by United States generally   accepted accounting principles or other accounting standards (or   interpretations thereof), (e) changes in any laws or other binding directives   issued by any governmental entity (or interpretations thereof), (f) changes   that are generally applicable to the industries in which the Borrower and its   Subsidiaries operate, (g) any failure by the Borrower to meet any internal or   published projections, forecasts or revenue or earnings predictions for any   period ending on or after the date of the Stock Purchase Agreement or any   decline in the market price or trading volume of the Borrower’s stock   (provided that the underlying causes of any such failure or decline may be   considered in determining whether a Company Material Adverse Effect has   occurred or would reasonably be expected to occur to the extent not otherwise   excluded by another exception herein), (h) the public announcement or   consummation of the Stock Buy-Back or any of the transactions contemplated by   the Stock Purchase Agreement (including as to the identity of the parties   thereto), (i) the occurrence of natural disasters or (j) any action required   by the terms of the Stock Purchase Agreement or with the prior written   consent or at the direction of the other parties thereto and the Arrangers,   shall not be taken into account in determining whether a Company Material   Adverse Effect has occurred or would reasonably be expected to occur, or (ii)   would prevent the Borrower from consummating the transactions contemplated by   the Stock Purchase Agreement. “Compliance Certificate” means (I) with respect   to the Revolving Credit Facility prior to the 2015 Revolving Credit Facility   Effective Date (if any), a certificate substantially in the form of Exhibit   D-1 hereto and (II) with respect to the Tranche A Term Facility and, upon the   2015 Revolving Credit Facility Effective Date (if any), the Revolving Credit   Facility, a certificate substantially in the form of Exhibit D-2.   “Consolidated Depreciation and Amortization Expense” means, with respect to   any Person, for any period, the total amount of depreciation and amortization   expense, including the amortization of deferred financing fees and   Capitalized Software Expenditures and amortization of unrecognized prior   service costs and actuarial gains and losses related to pensions and other   post-employment benefits, of such Person and its Restricted Subsidiaries for   such period on a consolidated basis and otherwise determined in accordance   with GAAP. 16 1002217597 1001820109v3 

    

 

“Consolidated   EBITDA” means, with respect to any Person for any period, the Consolidated   Net Income of such Person for such period: (a) increased (without   duplication) by: (A) provision for taxes based on income or profits or   capital gains, including, without limitation, federal, state, non-U.S.   franchise, excise, value added and similar taxes and foreign withholding   taxes of such Person paid or accrued during such period, including any   penalties and interest relating to such taxes or arising from any tax   examinations, deducted (and not added back) in computing Consolidated Net   Income; plus (B) Fixed Charges of such Person for such period (including (x)   net losses on Hedging Obligations or other derivative instruments entered   into for the purpose of hedging interest rate risk and (y) costs of surety   bonds in connection with financing activities, in each case, to the extent   included in Fixed Charges), together with items excluded from the definition   of “Consolidated Interest Expense” pursuant to clauses (a)(A) through (a)(C)   thereof, to the extent the same was deducted (and not added back) in   calculating such Consolidated Net Income; plus (C) Consolidated Depreciation   and Amortization Expense of such Person for such period to the extent the   same were deducted (and not added back) in computing Consolidated Net Income;   plus (D) any fees, expenses or charges (other than depreciation or   amortization expense) related to any Equity Offering, Permitted Investment,   acquisition, disposition, recapitalization or the incurrence or repayment of Indebtedness   permitted to be incurred in accordance with this Agreement (including a   refinancing thereof) (whether or not successful), including (i) such fees,   expenses or charges related to the offering of the Senior Notes and the   initial Credit Extensions hereunder, (ii) any amendment or other modification   of the Senior Notes, and, in each case, deducted (and not added back) in   computing Consolidated Net Income and (iii) commissions, discounts, yield and   other fees and charges (including any interest expense) related to any   Receivables Facility; plus (E) the amount of any restructuring charge or   reserve deducted (and not added back) in such period in computing   Consolidated Net Income, including any restructuring costs incurred in   connection with acquisitions, mergers or consolidations after the Closing   Date, costs related to the closure and/or consolidation of facilities,   retention charges, systems establishment costs and excess pension 17   1002217597 1001820109v3 

    

 

charges,   excluding, for the avoidance of doubt, development costs in connection with   unreleased products; plus (F) any other non-cash charges, including any write   offs or write downs, reducing Consolidated Net Income for such period   (provided that if any such non-cash charges represent an accrual or reserve   for potential cash items in any future period, the cash payment in respect   thereof in such future period shall be subtracted from Consolidated EBITDA in   such future period to the extent paid, but excluding from this proviso, for   the avoidance of doubt, amortization of a prepaid cash item that was paid in   a prior period); plus (G) the amount of any minority interest expense   consisting of Subsidiary income attributable to minority equity interests of   third parties in any non-Wholly-Owned Subsidiary deducted (and not added   back) in such period in calculating Consolidated Net Income; plus (H) the   amount of loss on sale of receivables and related assets to the Receivables   Subsidiary in connection with a Receivables Facility; plus (I) any costs or   expense incurred by the Borrower or a Restricted Subsidiary pursuant to any   management equity plan or stock option plan or any other management or   employee benefit plan or agreement or any stock subscription or shareholder   agreement, to the extent that such cost or expenses are funded with cash   proceeds contributed to the capital of the Borrower or net cash proceeds of   an issuance of Equity Interest of the Borrower (other than Disqualified   Stock) solely to the extent that such net cash proceeds are excluded from the   calculation set forth in Section 7.05(a)(3); plus (J) the amount of cost   savings, operating expense reductions, other operating improvements and   initiatives and synergies projected by the Borrower in good faith to be   reasonably anticipated to be realizable or a plan for realization shall have   been established within 18 months of the date thereof (which will be added to   Consolidated EBITDA as so projected until fully realized and calculated on a   pro forma basis as though such cost savings, operating expense reductions,   other operating improvements and initiatives and synergies had been realized   on the first day of such period), net of the amount of actual benefits   realized during such period from such actions; provided that all steps have   been taken for realizing such cost savings and such cost savings are   reasonably identifiable and factually supportable (in the good faith   determination of the Borrower); (b) decreased by (without duplication)   non-cash gains increasing Consolidated Net Income of such Person for such   period, excluding any non-18 1002217597 1001820109v3 

    

 

cash gains to   the extent they represent the reversal of an accrual or reserve for a   potential cash item that reduced Consolidated EBITDA in any prior period; and   (c) increased or decreased by (without duplication): (A) any net gain or loss   resulting in such period from Hedging Obligations and the application of   Financial Accounting Codification No. 815-Derivatives and Hedging; plus or   minus, as applicable, and (B) any net gain or loss resulting in such period   from currency translation gains or losses related to currency remeasurements   of Indebtedness (including any net loss or gain resulting from hedge   agreements for currency exchange risk). “Consolidated Interest Expense”   means, with respect to any Person for any period, without duplication, the   sum of: (a) consolidated interest expense of such Person and its Restricted   Subsidiaries for such period, to the extent such expense was deducted (and   not added back) in computing Consolidated Net Income (including (i)   amortization of original issue discount resulting from the issuance of   Indebtedness at less than par, (ii) all commissions, discounts and other fees   and charges owed with respect to letters of credit or bankers acceptances,   (iii) non-cash interest expense (but excluding any non-cash interest expense   attributable to the movement in the mark to market valuation of Hedging   Obligations or other derivative instruments pursuant to GAAP), (iv) the   interest component of Capitalized Lease Obligations, and (v) net payments, if   any, pursuant to interest rate Hedging Obligations with respect to   Indebtedness, and excluding (A) amortization of deferred financing fees, debt   issuance costs, commissions, fees and expenses, (B) any expensing of bridge,   commitment and other financing fees and (C) commissions, discounts, yield and   other fees and charges (including any interest expense) related to any   Receivables Facility); plus (b) consolidated capitalized interest of such   Person and such Subsidiaries for such period, whether paid or accrued; less   (c) interest income of such Person and such Subsidiaries for such period. For   purposes of this definition, interest on a Capitalized Lease Obligation shall   be deemed to accrue at an interest rate reasonably determined by such Person   to be the rate of interest implicit in such Capitalized Lease Obligation in   accordance with GAAP. “Consolidated Net Income” means, with respect to any   Person for any period, the Net Income of such Person and its Restricted   Subsidiaries for such period, on a consolidated basis, 19 1002217597   1001820109v3 

    

 

and otherwise   determined in accordance with GAAP; provided, however, that, without   duplication: (a) any after-tax effect of extraordinary, non-recurring or   unusual gains or losses (less all fees and expenses relating thereto) or   expenses (including relating to the Transaction), severance, relocation costs   and curtailments or modifications to pension and post-retirement employee   benefit plans shall be excluded, (b) the Net Income for such period shall not   include the cumulative effect of a change in accounting principles during   such period, including changes from international financial reporting   standards to United States financial reporting standards, (c) any after-tax   effect of income (loss) from disposed or discontinued operations and any net   after-tax gains or losses on disposal of disposed, abandoned or discontinued   operations shall be excluded, (d) any after-tax effect of gains or losses   (less all fees and expenses relating thereto) attributable to asset   dispositions other than in the ordinary course of business, as determined in   good faith by the Borrower, shall be excluded, (e) the Net Income for such   period of any Person that is not a Subsidiary, or is an Unrestricted   Subsidiary, or that is accounted for by the equity method of accounting,   shall be excluded; provided that Consolidated Net Income of the Borrower   shall be increased by the amount of dividends or distributions or other   payments that are actually paid in cash (or to the extent converted into cash   or Cash Equivalents) to the Borrower or a Restricted Subsidiary in respect of   such period, (f) solely for the purpose of determining the amount available   for Restricted Payments under Section 7.05(a)(3), the Net Income for such   period of any Restricted Subsidiary (other than any Guarantor) shall be excluded   if the declaration or payment of dividends or similar distributions by that   Restricted Subsidiary of its Net Income is not at the date of determination   wholly permitted without any prior governmental approval (which has not been   obtained) or, directly or indirectly, by the operation of the terms of its   charter or any agreement, instrument, judgment, decree, order, statute, rule,   or governmental regulation applicable to that Restricted Subsidiary or its   stockholders, unless such restriction with respect to the payment of   dividends or similar distributions has been legally waived; provided that   Consolidated Net Income of the Borrower will be increased by the amount of   dividends or other distributions or other payments actually paid in cash (or   to the extent converted into cash or Cash Equivalents) to the Borrower or a   Restricted Subsidiary thereof in respect of such period, to the extent not   already included therein, 20 1002217597 1001820109v3 

    

 

(f) [reserved],   (g) effects of purchase accounting adjustments (including the effects of such   adjustments pushed down to such Person and such Subsidiaries) in component   amounts required or permitted by GAAP, resulting from the application of   purchase accounting in relation to the Transaction or any consummated   acquisition or the amortization or write-off of any amounts thereof, net of   taxes, shall be excluded, (h) any after-tax effect of income (loss) from the   early extinguishment of Indebtedness or Hedging Obligations or other   derivative instruments shall be excluded, (i) any impairment charge or asset   write-off, in each case, pursuant to GAAP and the amortization of intangibles   arising pursuant to GAAP shall be excluded, (j) any non-cash compensation   expense recorded from grants of stock appreciation or similar rights, stock   options, restricted stock or other rights shall be excluded (k) any fees and   expenses incurred during such period, or any amortization thereof for such   period, in connection with the Transaction and any acquisition, Investment,   Disposition, issuance or repayment of Indebtedness, issuance of Equity   Interests, refinancing transaction or amendment or modification of any debt   instrument (in each case, including any such transaction consummated prior to   the Closing Date and any such transaction undertaken but not completed) and   any charges or non-recurring merger costs incurred during such period as a   result of any such transaction shall be excluded, and (l) any adjustment of   the nature used in connection with the calculation of “Adjusted EBITDA” as   set forth in footnotes (b) to the “Summary Historical and Pro formaForma   Financial Information” under “Summary” in the Notes Offering Memorandum to   the extent any such adjustment, without duplication, continues to be   applicable during such period, shall be included. Notwithstanding the   foregoing, for the purpose of Section 7.05 only (other than Section   7.05(a)(3)(D)), there shall be excluded from Consolidated Net Income any   income arising from any sale or other disposition of Restricted Investments   made by the Borrower and its Restricted Subsidiaries, any repurchases and   redemptions of Restricted Investments from the Borrower and its Restricted   Subsidiaries, any repayments of loans and advances which constitute   Restricted Investments by the Borrower or any of its Restricted Subsidiaries,   any sale of the stock of an Unrestricted Subsidiary or any distribution or   dividend from an Unrestricted Subsidiary, in each case only to the extent   such amounts increase the amount of Restricted Payments permitted pursuant to   Section 7.05(a)(3)(D). 21 1002217597 1001820109v3 

    

 

“Consolidated   Secured Debt Ratio” means, as of the date of determination, the ratio of (a)   the Consolidated Total Net Debt of the Borrower and its Restricted Subsidiaries   on such date that is secured by Liens, to (b) Consolidated EBITDA of the   Borrower and its Restricted Subsidiaries for the period of the most recently   ended four fiscal quarters for which financial statements are available.   “Consolidated Total Net Debt” shall mean, as of any date of determination,   the aggregate principal amount of Indebtedness of the Borrower and its   Restricted Subsidiaries outstanding on such date, determined on a   consolidated basis in accordance with GAAP, consisting of Indebtedness for   borrowed money and Attributable IndebtednessCapitalized Lease Obligations,   less up to $1,000,000,000 of cash and Cash Equivalents (which are not   Restricted Cash) that would be stated on the balance sheet of the Borrower   and its Restricted Subsidiaries as of such date of determination; provided   that only 50% of the cash and Cash Equivalents of Foreign Subsidiaries will   be included in this calculation; provided, further that for purposes of   determining the Consolidated SecuredTotal Net Debt Ratio for purposes of   SectionsSection 2.14 and 7.02(b)(20) only, the cash proceeds of any   Incremental Term Loan, and/or Revolving Commitment Increase and/or Permitted   Debt Offering shall not be deemed to be included on the consolidated balance   sheet of the Borrower and its Restricted Subsidiaries. “Consolidated Total   Net Debt Financial Covenant Event of Default” has the meaning specified in   Section 8.01(b). “Consolidated Total Net Debt Ratio” means, as of the date of   determination, the ratio of (a) the Consolidated Total Net Debt of the   Borrower and its Restricted Subsidiaries on such date, to (b) Consolidated   EBITDA of the Borrower and its Restricted Subsidiaries for the period of the   most recently ended four fiscal quarters for which financial statements are   available. “Contingent Obligations” means, with respect to any Person, any   obligation of such Person guaranteeing any leases, dividends or other   obligations that do not constitute Indebtedness (“primary obligations”) of   any other Person (the “primary obligor”) in any manner, whether directly or   indirectly, including, without limitation, any obligation of such Person,   whether or not contingent: (a) to purchase any such primary obligation or any   property constituting direct or indirect security therefor, (b) to advance or   supply funds: (A)for the purchase or payment of any such primary obligation,   or (B) to maintain working capital or equity capital of the primary obligor   or otherwise to maintain the net worth or solvency of the primary obligor, or   22 1002217597 1001820109v3 

    

 

(c) to purchase   property, securities or services primarily for the purpose of assuring the   owner of any such primary obligation of the ability of the primary obligor to   make payment of such primary obligation against loss in respect thereof.   “Contractual Obligation” means, as to any Person, any provision of any   security issued by such Person or of any agreement, instrument or other   undertaking to which such Person is a party or by which it or any of its   property is bound. “Control” has the meaning specified in the definition of   “Affiliate.” “Court” means the High Court of Ireland. “Court Meeting” means,   if the 2015 Acquisition proceeds by way of a Scheme, the meeting(s) of the   holders of the Target Shares or any adjournment thereof to be convened by an   order of the Court pursuant to section 453 of the Act to consider and, if   thought fit, approve the Scheme (with or without amendment), together with   any meeting held as a result of an adjournment or reconvention by the Court thereof.   “Court Orders” means, if the 2015 Acquisition proceeds by way of a Scheme,   the order(s) of the Court sanctioning the Scheme under section 453 of the Act   and confirming the Capital Reduction under sections 84 and 85 of the Act.   “Covered Loan Documents” has the meaning set forth in the definition of   “Certain Funds Default.” “Covered Person” has the meaning set forth in the   definition of “Certain Funds Default.” “Credit Agreement Refinancing   Indebtedness” means any (a) Permitted Pari Passu Secured Refinancing Debt,   (b) Permitted Junior Secured Refinancing Debt, (c) Permitted Unsecured   Refinancing Debt or (d) other Indebtedness unsecured Indebtedness or, if the   Obligations are then secured, any Indebtedness secured by the same collateral   on a pari passu basis with the Obligations, in each case, incurred pursuant   to a Refinancing Amendment (other than any Credit Agreement Refinancing   Indebtedness incurred in the form of term loans, which shall not be secured   by a first priority Lien on the Collateral)and, in each case, issued,   incurred or otherwise obtained (including by means of the extension or   renewal of existing Indebtedness) in exchange for, or to extend, renew,   replace, repurchase, retire or refinance, in whole or part, existing Loans or   Commitments hereunder, or any then-existing Credit Agreement Refinancing   Indebtedness (“Refinanced Debt”); provided that (i) such exchanging,   extending, renewing, replacing, repurchasing, retiring or refinancing   Indebtedness is in an original aggregate principal amount not greater than   the aggregate principal amount of the Refinanced Debt except by an amount   equal to unpaid accrued interest and premium (including tender premium) and   penalties thereon plus reasonable upfront fees and OID on such exchanging,   extending, renewing, replacing, repurchasing, retiring or refinancing   Indebtedness, plus other reasonable and customary fees and expenses in   connection with such exchange, modification, refinancing, refunding, renewal,   replacement, repurchase, retirement or extension, (ii) such Indebtedness has   a maturity no earlier, and a Weighted Average Life to 23 1002217597   1001820109v3 

    

 

Maturity equal   to or greater, than the Refinanced Debt, (iii) the terms and conditions of   such Indebtedness (except as otherwise provided in clause (ii) above and with   respect to pricing, premiums, financial covenant (solely with respect to the   Other Revolving Credit Commitments established on the 2015 Revolving Credit   Facility Effective Date (if any)) and optional prepayment or redemption   terms) are substantially identical to, or (taken as a whole) are no more   favorable to the lenders or holders providing such Indebtedness, than those   applicable to the Refinanced Debt (taken as a whole) being refinanced (except   for covenants or other provisions applicable only to periods after the Latest   Maturity Date at the time of incurrence of such Indebtedness) (provided that   a certificate of a Responsible Officer delivered to the Administrative Agent   at least five (5) Business Days (or such shorter period as the Administrative   Agent may reasonably agree) prior to the incurrence of such Indebtedness,   together with a reasonably detailed description of the material terms and   conditions of such Indebtedness or drafts of the documentation relating   thereto, stating that the Borrower has determined in good faith that such   terms and conditions satisfy the requirement of this clause (iii) shall be   conclusive evidence that such terms and conditions satisfy such requirement),   and (iv) such Refinanced Debt shall be repaid, repurchased, retired, defeased   or satisfied and discharged, and all accrued interest, fees, premiums (if   any) and penalties in connection therewith shall be paid, substantially   concurrently with the date such Credit Agreement Refinancing Indebtedness is   issued, incurred or obtained. “Credit Extension” means each of the following:   (a) a Borrowing and (b) an L/C Credit Extension. “Debtor Relief Laws” means   the Bankruptcy Code of the United States and all other liquidation,   examination, conservatorship, bankruptcy, assignment for the benefit of   creditors, moratorium, rearrangement, receivership, insolvency, reorganization   or similar debtor relief Laws of the United States or other applicable   jurisdictions from time to time in effect and affecting the rights of   creditors generally. “Declined Proceeds” has the meaning set forth in Section   2.05(b)(v). “Default” means any event or condition that constitutes an Event   of Default or that, with the giving of any notice, the passage of time, or   both, would be an Event of Default. “Default Rate” means an interest rate   equal to (a) the Base Rate plus (b) the Applicable Rate, if any, applicable   to Base Rate Loans plus (c) 2.0% per annum; provided that with respect to a   Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the   interest rate (including any Applicable Rate) otherwise applicable to such   Loan plus 2.0% per annum, in each case, to the fullest extent permitted by   applicable Laws. “Defaulting Lender” means any Lender that (a) has failed to   fund any portion of the Term Loans, Revolving Credit Loans, participations in   L/C Obligations or participations in Swing Line Loans required to be funded   by it hereunder within onetwo (12) Business Day of the date required to be   funded by it hereunder, unless subsequently cured, unless, in the case of   this clause (a), such Lender notifies the Administrative Agent and the Borrower   in writing that such failure is the result of such Lender’s good faith   determination that a condition precedent to funding (specifically identified   and including the particular default, if any) has not 24 1002217597   1001820109v3 

    

 

been satisfied,   (b) has otherwise failed to pay over to the Administrative Agent or any other   Lender any other amount required to be paid by it hereunder within one (1)   Business Day of the date when due, unless the subject of a good faith dispute   or subsequently cured, (c) has notified the Borrower or the Administrative   Agent that it does not intend to comply with its funding obligations or has   made a public statement to that effect with respect to its funding   obligations hereunder or generally under other agreements in which it commits   to extend credit, (d) has failed, within three Business Days after request by   the Administrative Agent, to confirm in a manner satisfactory to the   Administrative Agent that it will comply with its funding obligations, (e)   has, or has a direct or indirect parent company that has, (i) become the   subject of a proceeding under any Debtor Relief Law, (ii) had a receiver,   conservator, examiner, trustee, administrator, assignee for the benefit of   creditors or similar Person charged with reorganization, examination or   liquidation of its business or a custodian appointed for it, or (iii) taken   any action in furtherance of, or indicated its consent to, approval of or   acquiescence in any such proceeding or appointment; provided that a Lender   shall not be a Defaulting Lender solely by virtue of (x) the ownership or   acquisition of any equity interest in that Lender or any direct or indirect   parent company thereof by a Governmental Authority or (y) an undisclosed   administration pursuant to the laws of the Netherlands, or (f) has, or has a   direct or indirect parent company that has become, the subject of a Bail-in   Action. In the event and on the date that each of the Administrative Agent   and the Borrower agree in writing that a Defaulting Lender has adequately   remedied all matters that caused such Lender to be a Defaulting Lender, such   Lender shall no longer be considered a Defaulting Lender. “Designated   Jurisdiction” means any country or territory to the extent that such country   or territory itself is the subject of any Sanction. “Designated Non-cash   Consideration” means the fair market value (as determined in good faith by   the Borrower) of non-cash consideration received by the Borrower or any of   its Restricted Subsidiaries in connection with an Disposition that is so   designated as Designated Non-cash Consideration pursuant to an officer’s   certificate, setting forth the basis of such valuation, executed by the   principal financial officer of the Borrower, less the amount of cash or Cash   Equivalents received in connection with a subsequent sale of or collection on   such Designated Non-cash Consideration. “Designated Preferred Stock” means   Preferred Stock of the Borrower (in each case other than Disqualified Stock)   that is issued for cash (other than to a Restricted Subsidiary or an employee   stock ownership plan or trust established by the Borrower or any of its   Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to   an officer’s certificate executed by the principal financial officer of the   Borrower, on the issuance date thereof, the cash proceeds of which are   excluded from the calculation set forth in Section 7.05(a)(3). “Disposition”   or “Dispose” means: (a) the sale, conveyance, transfer or other disposition,   whether in a single transaction or a series of related transactions, of   property or assets (including by way of a Sale and Lease-Back Transaction) of   the Borrower or 25 1002217597 1001820109v3 

    

 

any of its   Restricted Subsidiaries (each referred to in this definition as a   “disposition”); or (b) the issuance or sale of Equity Interests of any   Restricted Subsidiary (other than Preferred Stock of Restricted Subsidiaries   issued in compliance with Section 7.02), whether in a single transaction or a   series of related transactions. “Disqualified Stock” means, with respect to   any Person, any Capital Stock of such Person which, by its terms, or by the   terms of any security into which it is convertible or for which it is putable   or exchangeable, or upon the happening of any event, matures or is   mandatorily redeemable (other than solely as a result of a change of control   or asset sale) pursuant to a sinking fund obligation or otherwise, or is   redeemable at the option of the holder thereof (other than solely as a result   of a change of control or asset sale), in whole or in part, in each case   prior to the date 91 days after the earlier of the Latest Maturity Date at   the time of issuance of such Capital Stock or the date such Loans are no   longer outstanding; provided, however, that if such Capital Stock is issued   to any plan for the benefit of employees of the Borrower or its Subsidiaries   or by any such plan to such employees, such Capital Stock shall not   constitute Disqualified Stock solely because it may be required to be   repurchased by the Borrower or its Subsidiaries in order to satisfy   applicable statutory or regulatory obligations. “Dollar” and “$” mean lawful   money of the United States. “Domestic Cash” has the meaning set forth in   Section 4.01(a)(xii). “Domestic Subsidiary” means any Subsidiary of the   Borrower that is organized or existing under the laws of the United States,   any state thereof, the District of Columbia, or any territory thereof. “EEA   Financial Institution” means (a) any credit institution or investment firm   established in any EEA Member Country which is subject to the supervision of   an EEA Resolution Authority, (b) any entity established in an EEA Member   Country which is a parent of an institution described in clause (a) of this   definition and is subject to the supervision of an EEA Resolution Authority,   or (c) any financial institution established in an EEA Member Country which   is a Subsidiary of an institution described in clauses (a) or (b) of this   definition and is subject to consolidated supervision of an EEA Resolution   Authority with its parent. “EEA Member Country” means any of the member   states of the European Union, Iceland, Liechtenstein and Norway. “EEA   Resolution Authority” means any public administrative authority or any person   entrusted with public administrative authority of any EEA Member Country   (including any delegee) having responsibility for the resolution of any EEA   Financial Institution. “Electing Lender” has the meaning specified in Section   2.16(f)(i). “Eligible Assignee” has the meaning set forth in Section   10.06(a). 26 1002217597 1001820109v3 

    

 

“EMU” means   economic and monetary union as contemplated in the Treaty on European Union.   “Environment” means indoor air, ambient air, surface water, groundwater,   drinking water, land surface, subsurface strata, and natural resources such   as wetlands, flora and fauna. “Environmental Laws” means the common law and   any and all Federal, state, local, and foreign statutes, Laws, regulations,   ordinances, rules, judgments, orders, decrees, permits, concessions, grants,   franchises, licenses, agreements or governmental restrictions relating to   pollution, the protection of the Environment or, to the extent relating to   exposure to Hazardous Materials, human health or to the Release or threat of   Release of Hazardous Materials into the Environment. “Environmental Liability”   means any liability, contingent or otherwise (including any liability for   damages, costs of investigation and remediation, fines, penalties or   indemnities), of the Loan Parties or any Restricted Subsidiary directly or   indirectly resulting from or based upon (a) violation of any Environmental   Law, (b) the generation, use, handling, transportation, storage, treatment or   disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials,   (d) the Release or threatened Release of any Hazardous Materials into the   Environment or (e) any contract, agreement or other consensual arrangement   pursuant to which liability is assumed or imposed with respect to any of the   foregoing. “Environmental Permit” means any permit, approval, identification   number, license or other authorization required under any Environmental Law.   “Equity Interests” means Capital Stock and all warrants, options or other   rights to acquire Capital Stock, but excluding any debt security that is   convertible into, or exchangeable for, Capital Stock. “Equity Offering” means   any public or private sale of common stock or Preferred Stock of the Borrower   (excluding Disqualified Stock), other than: (a) public offerings with respect   to any such Person’s common stock registered on Form S-8; (b) issuances to   any Subsidiary of the Borrower; and (c) Refunding Capital Stock. “ERISA”   means the Employee Retirement Income Security Act of 1974, as amended from   time to time. “ERISA Affiliate” means any trade or business (whether or not   incorporated) that is under common control with a Loan Party or any   Restricted Subsidiary within the meaning of Section 414 of the Code or   Section 4001 of ERISA. “ERISA Event” means (a) a Reportable Event with   respect to a Pension Plan; (b) with respect to any Pension Plan, the failure   to satisfy the minimum funding standards under 27 1002217597 1001820109v3 

    

 

Section 412 of   the code or Section 302 of ERISA, whether or not waived; (c) a withdrawal by   a Loan Party, any Restricted Subsidiary or any ERISA Affiliate from a Pension   Plan subject to Section 4063 of ERISA during a plan year in which it was a   substantial employer (as defined in Section 4001(a)(2) of ERISA) or a   cessation of operations that is treated as such a withdrawal under Section   4062(e) of ERISA; (d) a complete or partial withdrawal by a Loan Party, any   Restricted Subsidiary or any ERISA Affiliate from a Multiemployer Plan or   notification that a Multiemployer Plan is insolvent or in reorganization,   within the meaning of Title IV of ERISA, or in endangered or critical status,   within the meaning of Section 432 of the Code or Section 305 of ERISA; (e) the   filing of a notice of intent to terminate, the treatment of a plan amendment   as a termination under Sections 4041 or 4041A of ERISA, or the commencement   of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan;   (f) an event or condition which constitutes grounds under Section 4042 of   ERISA for the termination of, or the appointment of a trustee to administer,   any Pension Plan or Multiemployer Plan; or (g) the imposition of any   liability under Title IV of ERISA, other than for PBGC premiums due but not   delinquent under Section 4007 of ERISA, upon a Loan Party, any Restricted   Subsidiary or any ERISA Affiliate with respect to any Pension Plan or   Multiemployer Plan. “EU Bail-In Legislation Schedule” means the EU Bail-In   Legislation Schedule published by the Loan Market Association (or any   successor person), as in effect from time to time. “euro” means the single   currency of participating member states of the EMU. “Eurodollar Rate” means:   (a) for any Interest Period with respect to a Eurodollar Rate Loan, the rate   per annum equal to the London Interbank Offered Rate (“LIBOR”) or a   comparable or successor rate, which rate is approved by the Administrative   Agent, as published on the applicable Bloomberg page (or such other   commercially available source providing such quotations as may be reasonably   designated by the Administrative Agent from time to time) at approximately   11:00 a.m., London time, two Business Days prior to the commencement of such   Interest Period, for Dollar deposits (for delivery on the first day of such   Interest Period) with a term equivalent to such Interest Period; and (b) for   any interest calculation with respect to a Base Rate Loan on any date, the   rate per annum equal to LIBOR, at or about 11:00 a.m., London time determined   two Business Days prior to such date for U.S. Dollar deposits with a term of   one month commencing that day; provided that to the extent a comparable or   successor rate is approved by the Administrative Agent in connection   herewith, the approved rate shall be applied in a manner consistent with   market practice; provided, further that to the extent such market practice is   not administratively feasible for the Administrative Agent, such approved   rate shall be applied in a manner as otherwise reasonably determined by the   Administrative Agent; provided further that the Eurodollar Rate with respect   to Initial Term Loans and Tranche A Term Loans that bear 28 1002217597   1001820109v3 

    

 

interest at a   rate based on clause (a) of this definition will be deemed not to be less   than (I) 0.75% per annum with respect to Initial Term Loans and (II) 0% with   respect to the Tranche A Term Loans; provided further that the Eurodollar   Rate for Revolving Credit Loans that bear interest at a rate based on clauses   (a) and (b) of this definition will be deemed not to be less than 0%.   “Eurodollar Rate Loan” means a Loan that bears interest at a rate based on   the Eurodollar Rate. “Event of Default” has the meaning specified in Section   8.01. “Exchange Act” means the Securities Exchange Act of 1934, as amended,   and the rules and regulations of the SEC promulgated thereunder. “Excluded   Subsidiary” means (a) any Subsidiary that is not a Wholly-Owned Subsidiary,   (b) any Subsidiary of the Borrower that does not have assets (after   intercompany eliminations) in excess of $50,000,000 or annual revenues in   excess of $25,000,000, in each case as determined as of the date of the most   recent financial statements delivered pursuant to Section 6.01(a), (c) any   Subsidiary that is prohibited by applicable Law or Contractual Obligations   existing on the Closing Date from guaranteeing the Obligations or would   require the approval, consent, license or authorization of any Governmental   Authority in order to guarantee the Obligations (unless such approval,   consent, license or authorization has been received) (or in the case of any   future acquisition, of the acquired company and as in effect as of the   closing date of such acquisition), so long as, in the case of any such   Contractual Obligation, such prohibition is not incurred in contemplation of   such acquisition, (d) any Restricted Subsidiary acquired pursuant to a   Permitted Acquisitionpermitted acquisition that has Indebtedness permitted by   Section 7.02(b)(13) and each Restricted Subsidiary thereof that guarantees   such Indebtedness, in each case to the extent such secured Indebtedness   prohibits such Restricted Subsidiary from guaranteeing the Obligations;   provided (x) such Indebtedness was not incurred in contemplation of such   acquisition and (y) that each such Restricted Subsidiary shall cease to be an   Excluded Subsidiary under this clause (d) if such secured Indebtedness is   repaid or if such Restricted Subsidiary ceases to guarantee such secured   Indebtedness, as applicable, (e) any other Subsidiary with respect to which,   in the reasonable judgment of the Administrative Agent and the Borrower, the   cost or other consequences (including any adverse tax consequences) of   providing a Guarantee shall be excessive in view of the benefits to be   obtained by the Lenders therefrom, (f) any special purpose entity, including   any Receivables Subsidiary, (g) any Foreign Subsidiary, (h) any Unrestricted   Subsidiary, (i) any CFC Holdco, (j) any Domestic Subsidiary of a Foreign   Subsidiary that is a CFC and (k) Amber Holding. “Excluded Swap Obligation”   means, with respect to any Guarantor, any Swap Obligation if, and to the   extent that, all or a portion of the Guarantee of such Guarantor of, or the   grant by such Guarantor of a security interest to secure, such Swap Obligation   (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange   Act or any rule, regulation or order of the Commodity Futures Trading   Commission (or the application or official interpretation of any thereof) by   virtue of such Guarantor’s failure for any reason not to constitute an   “eligible contract participant” as defined in the Commodity Exchange Act at   29 1002217597 1001820109v3 

    

 

the time the   Guarantee of such Guarantor becomes effective with respect to such related   Swap Obligation. If a Swap Obligation arises under a master agreement   governing more than one Swap, such exclusion shall apply only to the portion   of such Swap Obligation that is attributable to Swaps for which such   Guarantee or security interest is or becomes illegal. “Excluded Taxes” means,   with respect to the Administrative Agent, any Lender or any other recipient   of any payments to be made by or on account of any obligation of any Loan   Party hereunder or under any other Loan Document, (a) any Tax on such   recipient’s net income or profits (or franchise Tax imposed in lieu of a Tax   on net income or profits) imposed by a jurisdiction as a result of such   recipient being organized or having its principal office or applicable   Lending Office in such jurisdiction or as a result of any other present or   former connection between such recipient and such jurisdiction, other than   any connection arising solely from such recipient having executed, delivered,   enforced, become a party to, performed its obligations under, received   payments under, received or perfected a security interest under, engaged in   any other transaction pursuant to, and/or enforced, any Loan Documents), (b)   any branch profits tax under Section 884(a) of the Code, or any similar tax,   imposed by any other jurisdiction described in (a), (c) with respect to any   Loan made by a Foreign Lender other than any Foreign Lender becoming a party   hereto pursuant to the Borrower’s request under Section 10.13), any U.S.   federal withholding tax that is imposed on amounts payable to such Foreign   Lender pursuant to a Law in effect at the time such Foreign Lender becomes a   party hereto (or designates a new Lending Office), except to the extent that   such Foreign Lender (or its assignor, if any) was entitled, immediately prior   to the time of designation of a new Lending Office (or assignment), to   receive additional amounts from a Loan Party with respect to such U.S.   federal withholding tax pursuant to Section 3.01, (d) any withholding tax   attributable to such recipient’s failure to comply with Section 3.01(d) or   (e) any U.S. federal withholding tax imposed pursuant to FATCA. “Executive   Order” has the meaning set forth in Section 5.15. “Extended Revolving Credit   Commitment” has the meaning set forth in Section 2.16. “Extended Term Loan”   has the meaning set forth in Section 2.16. “Extending Lender” has the meaning   set forth in Section 2.16. “Extension” has the meaning set forth in Section   2.16. “Facility” means the Initial Term Commitments and the Initial Term   Loans (the “Initial Term Facility”), the Tranche A Term Commitments and the   Tranche A Term Loans (the “Tranche A Term Facility”), the Revolving Credit   Facility, the Swing Line Sublimit or the Letter of Credit Sublimit, as the   context may require. “FCPA” means Foreign Corrupt Practices Act of 1977, as   amended, and the rules and regulations thereunder. “FATCA” shall mean   Sections 1471 through 1474 of the Code as of the date hereof (and any amended   or successor version that is substantively comparable and not materially 30   1002217597 1001820109v3 

    

 

more onerous to   comply with), any agreements entered into pursuant to current Section   1471(b)(1) of the Code (or any amended or successor version described above)   and, any current or future Treasury regulations or other official   administrative interpretations thereof, any intergovernmental agreement   implementing any of the foregoing and any fiscal or regulatory legislation,   rules or administrative guidance implementing any such intergovernmental   agreement. “Federal Funds Rate” means, for any day, the rate per annum equal   to the weighted average of the rates on overnight Federal funds transactions   with members of the Federal Reserve System arranged by Federal funds brokers   on such day, as published by the Federal Reserve Bank of New York on the   Business Day next succeeding such day; provided that (a) if such day is not a   Business Day, the Federal Funds Rate for such day shall be such rate on such   transactions on the next preceding Business Day as so published on the next   succeeding Business Day, and (b) if no such rate is so published on such next   succeeding Business Day, the Federal Funds Rate for such day shall be the   average rate (rounded upward, if necessary, to a whole multiple of 1/100 of   1%) charged to Bank of America on such day on such transactions as determined   by the Administrative Agent. “FirstFifth Amendment” means the FirstFifth   Amendment, dated as of November 2August 23, 20152016, by and among the   Borrower, the other Loan Parties party thereto, the Administrative Agent, the   Collateral Agent, the Tranche A Term (as defined in the Agreement, as in   effect immediately prior to the effectiveness of the Credit Agreement   Amendment (as defined in the Fifth Amendment)) and the Lenders party thereto   and the other Lenders party thereto. “First Amendment Effective Date” means   November 2, 2015. “Fixed Charge Coverage Ratio” means, with respect to any   Person for any period, the ratio of Consolidated EBITDA of such Person for   such period to the Fixed Charges of such Person for such period. “Fixed   Charges” means, with respect to any Person for any period, the sum, without   duplication, of: (1) Consolidated Interest Expense of such Person for such   period; plus (2) all cash dividends or other distributions paid (excluding   items eliminated in consolidation) on any series of Preferred Stock during   such period; plus (3) all cash dividends or other distributions paid   (excluding items eliminated in consolidation) on any series of Disqualified   Stock during such period. “Foreign Casualty Event” has the meaning set forth   in Section 2.05(b)(vii). 31 1002217597 1001820109v3 

    

 

“Foreign   Disposition” has the meaning set forth in Section 2.05(b)(vii). “Foreign   Lender” means any Lender that is not a “United States person” as defined in   Section 7701(a)(30) of the Code. “Foreign Plan” means any employee benefit   plan, program or agreement maintained or contributed to by, or entered into   with, the Borrower or any Subsidiary with respect to employees employed   outside the United States (other than benefit plans, programs or agreements   that are mandated by applicable Laws). “Foreign Subsidiary” means any   Subsidiary which is not a Domestic Subsidiary. “Fourth Amendment” means the   Fourth Amendment, dated as of March 31, 2016, by and among the Borrower, the   other Loan Parties, the Administrative Agent, the Collateral Agent, the   Additional Tranche A Term Lender and the other Lenders party thereto. “Fourth   Amendment Effective Date” means the date on which the conditions of Section   1.4(a) of the Fourth Amendment are satisfied. “FRB” means the Board of   Governors of the Federal Reserve System of the United States. “Fronting   Exposure” means, at any time there is a Defaulting Lender, (a) with respect   to any L/C Issuer, such Defaulting Lender’s Applicable Percentage of the   outstanding L/C Obligations with respect to Letters of Credit issued by such   L/C Issuer other than L/C Obligations as to which such Defaulting Lender’s   participation obligation has been reallocated to other Lenders or Cash   Collateralized in accordance with the terms hereof and (b) with respect to   any Swing Line Lender, such Defaulting Lender’s Applicable Percentage of   outstanding Swing Line Loans made by such Swing Line Lender other than Swing   Line Loans as to which such Defaulting Lender’s participation obligation has   been reallocated to other Lenders. “Fund” means any Person (other than a   natural person) that is (or will be) engaged in making, purchasing, holding   or otherwise investing in commercial loans and similar extensions of credit   in the ordinary course of its activities. “Further Election” has the meaning   specified in Section 2.16(f)(i). “GAAP” means generally accepted accounting   principles in the United States, as in effect from time to time; provided,   however, that if the Borrower notifies the Administrative Agent that the   Borrower requests an amendment to any provision hereof to eliminate the   effect of any change occurring after the Closing Date in GAAP or in the   application thereof (including through conforming changes made consistent   with IFRS) 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   (including through conforming changes made consistent with IFRS), then (i)   such provision shall be interpreted on the basis of GAAP as in effect and   applied immediately before such 32 1002217597 1001820109v3 

    

 

change shall   have become effective and (ii) the Borrower shall provide to the   Administrative Agent and the Lenders financial statements and other documents   required under this Agreement or as reasonably requested hereunder setting   forth a reconciliation between calculations of such ratio or requirement made   before and after giving effect to such change in GAAP. “General Meeting”   means the extraordinary general meeting of the Target shareholders (and any   adjournment thereof) to be convened in connection with the Scheme.   “Governmental Authority” means any nation or government, any state, county,   provincial or other political subdivision thereof, any agency, authority,   instrumentality, regulatory body, court, administrative tribunal, central   bank or other entity exercising executive, legislative, judicial, taxing,   regulatory or administrative powers or functions of or pertaining to   government. “Granting Lender” has the meaning specified in Section 10.06(g).   “Guarantee” means a guarantee (other than by endorsement of negotiable   instruments for collection in the ordinary course of business), direct or   indirect, in any manner (including letters of credit and reimbursement   agreements in respect thereof), of all or any part of any Indebtedness or   other obligations. “Guaranteed Obligations” has the meaning specified in   Section 11.01. “Guarantors” means (a) the Restricted Subsidiaries of the   Borrower as of the Closing Date and those Restricted Subsidiaries that issue   a Guarantee of the Obligations after the Closing Date pursuant to Section   6.11, in each case, other than Excluded Subsidiaries and (b) with respect to   (i) Secured HedgingHedge Agreements or Treasury Services Agreements owing by   any Loan Party (other than the Borrower) and (ii) the payment and performance   by each Loan Party that is not an “eligible contract participant” under the   Commodity Exchange Act (determined prior to giving effect to Section 11.12)   of its obligations under its Guaranty with respect to all Swap Obligations,   the Borrower. “Guaranty” means, collectively, the guaranty of the Obligations   by the Guarantors pursuant to this Agreement. “Hazardous Materials” means all   explosive or radioactive substances or wastes and all hazardous or toxic   substances, wastes or pollutants, including petroleum or petroleum   distillates, asbestos or asbestos-containing materials, polychlorinated   biphenyls, radon gas, mold, infectious or medical wastes that are regulated   pursuant to, or the Release or exposure to which could give rise to liability   under, applicable Environmental Law. “Hedge Agreement” means any Swap   Contract permitted under Article VII that is entered into by and between the   Borrower or any Loan Party and any Hedge Bank. “Hedge Bank” means any Person   that is the Administrative Agent, an Arranger or a Lender or an Affiliate of   the Administrative Agent, an Arranger, or a Lender on the Closing Date or at   the time it enters into a Secured Hedge Agreement or a Treasury Services 33   1002217597 1001820109v3 

    

 

Agreement, as   applicable, in its capacity as a party thereto, and (other than a Person   already party hereto as a Lender) deliversas designated by the Borrower in   writing to the Administrative Agent a letter agreement reasonably   satisfactory to it (i) appointing the Collateral Agent as its agent under the   applicable Loan Documents and (ii) agreeing to be bound by Section 10.15 as   if it were a Lender. “Hedging Obligations” means, with respect to any Person,   the obligations of such Person under any interest rate swap agreement,   interest rate cap agreement, interest rate collar agreement, commodity swap   agreement, commodity cap agreement, commodity collar agreement, foreign   exchange contract, currency swap agreement or similar agreement providing for   the transfer or mitigation of interest rate or currency risks either   generally or under specific contingencies. “Honor Date” has the meaning set   forth in Section 2.03(c)(i). “IFRS” means international accounting standards   as promulgated by the International Accounting Standards Board. “Incremental   Amendment” has the meaning set forth in Section 2.14(a). “Incremental   Assumption Agreement” means an Assumption Agreement among the Borrower and   one or more Extending Lenders entered into pursuant to Section 2.16 and   acknowledged by the Administrative Agent. “Incremental Facility” has the   meaning set forth in Section 2.14(a). “Incremental Term Loans” has the   meaning set forth in Section 2.14(a). “Indebtedness” means, with respect to   any Person, without duplication: (a) any indebtedness (including principal and   premium) of such Person, whether or not contingent: (i) in respect of   borrowed money; (ii) evidenced by bonds, notes, debentures or similar   instruments or letters of credit or bankers’ acceptances (or, without   duplication, reimbursement agreements in respect thereof); (iii) representing   the balance deferred and unpaid of the purchase price of any property   (including Capitalized Lease Obligations), except (x) any such balance that   constitutes a trade payable or similar obligation to a trade creditor, in each   case accrued in the ordinary course of business, (y) any earn-out obligations   until such obligation becomes a liability on the balance sheet of such Person   in accordance with GAAP, and (z) liabilities accrued in the ordinary course   of business; or 34 1002217597 1001820109v3 

    

 

(iv)   representing any Hedging Obligations; if and to the extent that any of the   foregoing Indebtedness (other than letters of credit and Hedging Obligations)   would appear as a liability upon a balance sheet (excluding the footnotes   thereto) of such Person prepared in accordance with GAAP; (b) to the extent   not otherwise included, any obligation by such Person to be liable for, or to   pay, as obligor, guarantor or otherwise, on the obligations of the type   referred to in clause (a) of a third Person (whether or not such items would   appear upon the balance sheet of such obligor or guarantor), other than by   endorsement of negotiable instruments for collection in the ordinary course   of business; and (c) to the extent not otherwise included, the obligations of   the type referred to in clause (a) of a third Person secured by a Lien on any   asset owned by such first Person, whether or not such Indebtedness is assumed   by such first Person; provided, however, that notwithstanding the foregoing,   Indebtedness shall be deemed not to include (a) Contingent Obligations   incurred in the ordinary course of business or (b) obligations under or in   respect of Receivables Facilities. “Indemnified Taxes” means all Taxes, other   than Excluded Taxes, imposed on or with respect to any payment made by or on   account of any obligation of any Loan Party under any Loan Document.   “Indemnitees” has the meaning set forth in Section 10.04. “Independent   Financial Advisor” means an accounting, appraisal, investment banking firm or   consultant to Persons engaged in Similar Businesses of nationally recognized   standing that is, in the good faith judgment of the Borrower, qualified to   perform the task for which it has been engaged. “Information” has the meaning   set forth in Section 10.07. “Initial Term Borrowing” means a borrowing   consisting of simultaneous Initial Term Loans of the same Type and currency   and, in the case of Eurodollar Rate Loans, having the same Interest Period   made by each of the Initial Term Lenders. “Initial Term Commitment” means, as   to any Initial Term Lender, the aggregate of its Term Commitments in an   aggregate amount not to exceed the amount set forth opposite such Lender’s   name on Schedule 1.01A under the caption “Initial Term Commitment.” “Initial   Term Facility” has the meaning specified in the definition of “Facility.”   “Initial Term Lender” means, at any time, any Lender that has an Initial Term   Commitment or an Initial Term Loan at such time. 35 1002217597 1001820109v3 

    

 

“Initial Term   Loan” means a Loan made pursuant to Section 2.01(a)(I). “Intellectual   Property Security Agreement” has the meaning specified in Section   4.01(a)(iii). “Intercreditor Agreement” means a first lien intercreditor   agreement substantially in the form of Exhibit I-1 hereto, among the   Administrative Agent, the Collateral Agent and the representatives for any   Additional First Lien Secured Parties (as defined therein) (which agreement   in such form or with immaterial changes thereto the Administrative Agent is   authorized to enter into) together with any material changes thereto in light   of prevailing market conditions, which material changes shall be posted to   the Lenders not less than five (5) Business Days before execution thereof and,   if the Required Lenders shall not have objected to such changes within five   (5) Business Days after posting, then the Required Lenders shall be deemed to   have agreed that the Administrative Agent’s entry into such intercreditor   agreement (with such changes) is reasonable and to have consented to such   intercreditor agreement (with such changes) and to the Administrative Agent’s   execution thereof. “Interest Payment Date” means, (a) as to any Eurodollar   Rate Loan, the last day of each Interest Period applicable to such Loan and   the Maturity Date of the Facility under which such Loan was made; provided   that if any Interest Period for a Eurodollar Rate Loan exceeds three months,   the respective dates that fall every three months after the beginning of such   Interest Period shall also be Interest Payment Dates and (b) as to any Base   Rate Loan (including a Swing Line Loan), the last Business Day of each March,   June, September and December and the Maturity Date of the Facility under   which such Loan was made. “Interest Period” means, as to each Eurodollar Rate   Loan, the period commencing on the date such Eurodollar Rate Loan is   disbursed or converted to or continued as a Eurodollar Rate Loan and ending   on the date one, two, three or six months thereafter or, to the extent agreed   by each Lender of such Eurodollar Rate Loan, twelve months or less than one   month thereafter, as selected by the Borrower in its Committed Loan Notice;   provided that: (i) any Interest Period that would otherwise end on a day that   is not a Business Day shall be extended to the next succeeding Business Day   unless such Business Day falls in another calendar month, in which case such   Interest Period shall end on the next preceding Business Day; (ii) any   Interest Period that begins on the last Business Day of a calendar month (or   on a day for which there is no numerically corresponding day in the calendar   month at the end of such Interest Period) shall end on the last Business Day   of the calendar month at the end of such Interest Period; and (iii) no   Interest Period shall extend beyond the Maturity Date of the Facility under   which such Loan was made. “Investment Grade Rating” means a rating equal to   or higher than Baa3 (or the equivalent) by Moody’s and BBB-(or the   equivalent) by S&P, or an equivalent rating by any other Rating Agency.   36 1002217597 1001820109v3 

    

 

“Investment   Grade Securities” means: (a) securities issued or directly and fully   guaranteed or insured by the United States government or any agency or   instrumentality thereof (other than Cash Equivalents); (b) debt securities or   debt instruments with an Investment Grade Rating, but excluding any debt   securities or instruments constituting loans or advances among the Borrower   and its Subsidiaries; (c) investments in any fund that invests exclusively in   investments of the type described in clauses (a) and (b) which fund may also   hold immaterial amounts of cash pending investment or distribution; and (d)   corresponding instruments in countries other than the United States   customarily utilized for high quality investments. “Investments” means, with   respect to any Person, all investments by such Person in other Persons   (including Affiliates) in the form of loans (including guarantees), advances   or capital contributions (excluding accounts receivable, trade credit,   deposits, advances to customers, commission, travel and similar advances to   officers and employees, in each case made in the ordinary course of   business), purchases or other acquisitions for consideration of Indebtedness,   Equity Interests or other securities issued by any other Person and   investments that are required by GAAP to be classified on the balance sheet   (excluding the footnotes) of such Person in the same manner as the other   investments included in this definition to the extent such transactions   involve the transfer of cash or other property. For purposes of the   definition of “Unrestricted Subsidiary” and Section 7.05: (a) “Investments”   shall include the portion (proportionate to the Borrower’s direct or indirect   equity interest in such Subsidiary) of the fair market value (as determined   in good faith by the Borrower) of the net assets of a Subsidiary of the   Borrower at the time that such Subsidiary is designated an Unrestricted   Subsidiary; provided, however, that upon a redesignation of such Subsidiary   as a Restricted Subsidiary, the Borrower or applicable Restricted Subsidiary   shall be deemed to continue to have a permanent “Investment” in an   Unrestricted Subsidiary in an amount (if positive) equal to: (A) the   Borrower’s direct or indirect “Investment” in such Subsidiary at the time of   such redesignation; less (B) the portion (proportionate to the Borrower’s   direct or indirect equity interest in such Subsidiary) of the fair market   value of the net assets of such Subsidiary at the time of such redesignation;   and (b) any property transferred to or from an Unrestricted Subsidiary shall   be valued at its fair market value at the time of such transfer as determined   in good faith by the Borrower. 37 1002217597 1001820109v3 

    

 

“IP Rights” has   the meaning set forth in Section 5.16. “ISP” means, with respect to any   Letter of Credit, the “International Standby Practices 1998” published by the   Institute of International Banking Law & Practice, Inc. (or such later   version thereof as may be in effect at the time of issuance). “Issuer Documents”   means with respect to any Letter of Credit, the Letter of Credit Application,   and any other document, agreement and instrument entered into by the L/C   Issuer and the Borrower (or any Subsidiary) or in favor of the L/C Issuer and   relating to such Letter of Credit. “L/C Advance” means, with respect to each   Revolving Credit Lender, such Lender’s funding of its participation in any   L/C Borrowing in accordance with its Pro Rata Share. “L/C Borrowing” means an   extension of credit resulting from a drawing under any Letter of Credit which   has not been reimbursed on the date when made or refinanced as a Revolving   Credit Borrowing. “L/C Credit Extension” means, with respect to any Letter of   Credit, the issuance thereof or extension of the expiry date thereof, or the renewal   or increase of the amount thereof. “L/C Issuer” means Bank of America and any   other Lender that becomes an L/C Issuer in accordance with Section 2.03(k) or   10.06(h), in each case, in its capacity as an issuer of Letters of Credit   hereunder, or any successor issuer of Letters of Credit hereunder. “L/C   Obligations” means, as at any date of determination, the aggregate undrawn   amount of all outstanding Letters of Credit plus the aggregate of all   Unreimbursed Amounts, including all L/C Borrowings. “Latest Maturity Date”   means, at any date of determination, the latest Maturity Date applicable to   any Loan or Commitment hereunder at such time, including the latest maturity   date of any Incremental Term Loan Commitment, any Other Term Loan Commitment,   any Extended Term Loan, any Extended Revolving Credit Commitment, any   Incremental Term Loans, any Incremental Revolving Credit Commitments or any   Other Revolving Credit Commitments, in each case as extended in accordance   with this Agreement from time to time. “Laws” means, collectively, all   international, foreign, Federal, state and local statutes, treaties, rules,   guidelines, regulations, ordinances, codes and administrative or judicial   precedents or authorities, including the interpretation or administration thereof   by any Governmental Authority charged with the enforcement, interpretation or   administration thereof, and all applicable administrative orders, directed   duties, requests, licenses, authorizations and permits of, and agreements   with, any Governmental Authority. “Lender” has the meaning specified in the   introductory paragraph to this Agreement and, as the context requires,   includes an L/C Issuer and a Swing Line Lender, and their respective   successors and assigns as permitted hereunder, each of which is referred to   herein as a “Lender,” together with, in each case, any Affiliate of any such   financial institution 38 1002217597 1001820109v3 

    

 

through which   such financial institution elects, by notice to the Administrative Agent, to   make any Loans available to the Borrower; provided that, for all purposes of   voting or consenting with respect to (a) any amendment, supplementation or   modification of any Loan Document, (b) any waiver of any requirements of any   Loan Document or any Default or Event of Default and its consequences, or (c)   any other matter as to which a Lender may vote or consent pursuant to Section   10.01 of this Agreement, the financial institution making such election shall   be deemed the “Lender” rather than such Affiliate, which shall not be   entitled to vote or consent (it being agreed that failure of any such   Affiliate to fund an obligation under this Agreement shall not relieve its   affiliated financial institution from funding). “Lender Parties” means,   collectively, the Administrative Agent, the Lenders, the Hedge Banks and each   co-agent or sub-agent appointed by the Administrative Agent from time to time   pursuant to Section 9.02. “Lending Office” means, as to any Lender, such   office or offices as a Lender may from time to time notify the Borrower and   the Administrative Agent. “Letter of Credit” means any letter of credit   issued hereunder. A Letter of Credit may be a standby letter of credit.   “Letter of Credit Application” means an application and agreement for the   issuance or amendment of a Letter of Credit in the form from time to time in   use by the relevant L/C Issuer. “Letter of Credit Expiration Date” means the   day that is five (5) Business Days prior to the scheduled Maturity Date then   in effect for the Revolving Credit Facility (or, if such day is not a   Business Day, the next preceding Business Day). “Letter of Credit Sublimit”   means an amount equal to the lesser of (a) $50,000,000 and (b) the aggregate   amount of the Revolving Credit Commitments. The Letter of Credit Sublimit is   part of, and not in addition to, the Revolving Credit Facility. “LIBOR” has   the meaning specified in the definition of “Eurodollar Rate.” “Lien” means,   with respect to any asset, any mortgage, lien (statutory or otherwise),   pledge, hypothecation, charge, security interest, preference, priority or   encumbrance of any kind in respect of such asset, whether or not filed,   recorded or otherwise perfected under applicable law, including any   conditional sale or other title retention agreement, any lease in the nature   thereof, any option or other agreement to sell or give a security interest in   and any filing of or agreement to give any financing statement under the   Uniform Commercial Code (or equivalent statutes) of any jurisdiction;   provided that in no event shall an operating lease be deemed to constitute a   Lien. “Limited Collateral Release Condition” has the meaning set forth in   Section 9.09. 39 1002217597 1001820109v3 

    

 

“Loan” means an   extension of credit by a Lender to the Borrower under Article II in the form   of an Initial Term Loan, a Tranche Aa Term Loan, a Revolving Credit Loan or a   Swing Line Loan. “Loan Documents” means, collectively, (i) this Agreement,   (ii) the Notes, and (iii) the Collateral Documents, (iv) the Intercreditor Agreement   (if any), (v) the Second Lien Intercreditor Agreement (if any) and (vi)   amendments of and joinders to any Loan Documents that are deemed pursuant to   their terms to be Loan Documents for purposes hereof. “Loan Parties” means,   collectively, the Borrower and each Guarantor. “Longstop Date” means the date   falling nine months after the First Amendment Effective Date. “Margin Stock”   has the meaning specified in Section 5.13(a). “Master Agreement” has the   meaning specified in the definition of “Swap Contract.” “Material Adverse   Effect” shall mean a material adverse effect on (a) the business, assets,   operations, or financial condition of the Borrower and its Subsidiaries,   taken as a whole, (b) the ability of the Borrower and the other Loan Parties,   taken as a whole, to perform their payment obligations under this Agreement   or (c) the material rights and remedies of the Administrative Agent and the   Lenders under this Agreement. For purposes of determining the satisfaction or   waiver of the conditions set forth in Section 4.02(b) and Section 4.03   (including, without limitation, for purposes of any Certain Funds   Representation qualified by a Material Adverse Effect made during the Certain   Funds Period) and for purposes of Section 5.22 and Section 6.20, “Material   Adverse Effect” shall be deemed to refer solely to a material adverse effect   on the material rights and remedies of the Tranche A Term Lenders in   connection with the 2015 Acquisition. “Maturity Date” means (i) with respect   to the Initial Term Loans and the Tranche A Term Loans, October 11, 2020 and   (ii) with respect to the Revolving Credit Facility, October 11, 2020August   23, 2021; provided that if either such day is not a Business Day, the   Maturity Date shall be the Business Day immediately succeedingpreceding such   day. “Maximum Incremental Facilities Amount” means, at any date of   determination, (A) the amount of Indebtedness (if any) such that, after   giving pro forma effect to the incurrence of such amount, the Consolidated   Secured Debt Ratio would not exceed 2.00 to 1.00 (assuming (a) the   Indebtedness being incurred or committed as of such date of determination   (and the Indebtedness previously incurred in reliance on this clause (A)   which is still outstanding on such date) would be included in the definition   of Consolidated Secured Debt Ratio, whether or not such Indebtedness would   otherwise be so included and (b) with respect to any Revolving Commitment   Increase, including any previously established Revolving Commitment Increase,   assuming a borrowing of the maximum amount of Revolving Credit Loans   available thereunder), plus (B) (I)(x) the sum of (1) all voluntary   prepayments of Term Loans and (2) all voluntary prepayments of Revolving   Credit Loans to the extent the Revolving Credit Commitments are permanently   reduced by the amount of such payments, on or prior to the date of incurrence   of such amount, plus (y) $750,000,000, minus 40 1002217597 1001820109v3 

    

 

(II) the sum of   (i) the aggregate principal amount of Incremental Term Loans and Revolving   Commitment Increases incurred pursuant to Section 2.14(a) prior to such date   and (ii) the aggregate principal amount of Indebtedness pursuant to a   Permitted Debt Offering incurred pursuant to Section 7.02(b)(20) prior to   such date.Borrower would be in compliance with financials covenants set forth   in Section 7.11 on a Pro Forma Basis. “Maximum Rate” has the meaning   specified in Section 10.09. “Minimum Acceptance Condition” means receipt by   Bidco of such number of acceptances (that may not be withdrawn) from the   shareholders of the Target pursuant to an Offer which, once settled, would   result in Bidco holding at least 80% in value of the voting shares in the   Target on a fully diluted basis. “Moody’s” means Moody’s Investors Service,   Inc. and any successor thereto. “Mortgage” has the meaning specified in   Section 6.11(c). “Multiemployer Plan” means any employee benefit plan of the   type described in Section 4001(a)(3) of ERISA, to which the Borrower, any   Subsidiary or any ERISA Affiliate makes or is obligated to make   contributions, or during the preceding five plan years, has made or been   obligated to make contributions. “Net Income” means, with respect to any   Person, the net income (loss) attributable to such Person and its Restricted   Subsidiaries, determined in accordance with GAAP and before any reduction in   respect of Preferred Stock dividends. “Net Proceeds” means: (a) 100% of the   cash proceeds actually received by the Borrower or any of its Restricted   Subsidiaries from any Disposition or Casualty Event, net of (i) attorneys’   fees, accountants’ fees, investment banking fees, survey costs, title   insurance premiums, and related search and recording charges, transfer taxes,   deed or mortgage recording taxes, required debt payments and required   payments of other obligations relating to the applicable asset to the extent   such debt or obligations are secured by a Lien permitted hereunder (other   than pursuant to the Loan Documents and Credit Agreement Refinancing   Indebtedness) on such asset, other customary expenses and brokerage,   consultant and other customary fees actually incurred in connection   therewith, (ii) Taxes paid or payable as a result thereof, and (iii) the   amount of any reasonable reserve established in accordance with GAAP against   any adjustment to the sale price or any liabilities (other than any taxes   deducted pursuant to clause (i) above) (x) related to any of the applicable   assets and (y) retained by the Borrower or any of its Restricted Subsidiaries   including, without limitation, pension and other post-employment benefit   liabilities and liabilities related to environmental matters or against any   indemnification obligations (however, the amount of any subsequent reduction   of such reserve (other than in connection with a payment in respect of any   such liability) shall be deemed to be Net Proceeds of such Disposition or   Casualty Event occurring on the date of such 41 1002217597 1001820109v3 

    

 

reduction);   provided, that, if the Borrower intends to use any portion of such proceeds   to acquire, maintain, develop, construct, improve, upgrade or repair assets   useful in the business of the Borrower or its Restricted Subsidiaries or to   make Permitted Acquisitions or any acquisition of all or substantially all   the assets of, or all the Equity Interests (other than directors’ qualifying   shares) in, a Person or division or line of business of a Person (or any   subsequent investment made in a Person, division or line of business   previously acquired), in each case within 12 months of such receipt, such   portion of such proceeds shall not constitute Net Proceeds except to the   extent not, within 12 months of such receipt, so used or contractually   committed to be so used (it being understood that if any portion of such   proceeds are not so used within such 12 month period but within such 12-month   period are contractually committed to be used, then upon the termination of   such contract or if such Net Proceeds are not so used within the later of   such 12-month period and 180 days from the entry into such Contractual   Obligation, such remaining portion shall constitute Net Proceeds as of the   date of such termination or expiry without giving effect to this proviso) and   (b) “Net Proceeds” means 100% of the cash proceeds from the incurrence,   issuance or sale by the Borrower of any Indebtedness, net of all taxes and   fees (including investment banking fees), commissions, costs and other   expenses, in each case incurred in connection with such issuance or sale. For   purposes of calculating the amount of Net Proceeds, fees, commissions and   other costs and expenses payable to the Borrower shall be disregarded. “New   Facility” has the meaning set forth in Section 10.01. “New Revolving Amount”   has the meaning specified in Section 2.16(f)(i). “New Revolving Commitment   Lenders” has the meaning specified in Section 2.16(f)(i). “New Revolving   Credit Commitment” has the meaning specified in Section 2.16(f)(i).   “Non-Defaulting Lender” means, at any time, each Lender that is not a   Defaulting Lender at such time. “Non-Electing Lender” has the meaning   specified in Section 2.16(f)(i). “Non-Extension Notice Date” has the meaning   specified in Section 2.03(b)(iii). “Note” means a Term Note, a Revolving Credit   Note or a Swing Line Note, as the context may require. 42 1002217597   1001820109v3 

    

 

 

“Notes Offering   Memorandum” means the Offering Memorandum dated as of September 12, 2013   relating to the Senior Notes. “NPL” means the National Priorities List under   CERCLA. “Obligations” means all (x) advances to, and debts, liabilities,   obligations, covenants and duties of, any Loan Party and its Subsidiaries   arising under any Loan Document or otherwise with respect to any Loan or   Letter of Credit, whether direct or indirect (including those acquired by   assumption), absolute or contingent, due or to become due, now existing or   hereafter arising and including interest and fees that accrue after the   commencement by or against any Loan Party or Subsidiary of any proceeding   under any Debtor Relief Laws naming such Person as the debtor in such   proceeding, regardless of whether such interest and fees are allowed claims   in such proceeding and (y) obligations of any Loan Party arising under any   Secured Hedge Agreement or any Treasury Services Agreement, excluding, in the   case of both (x) and (y), with respect to any Guarantor at any time, any   Excluded Swap Obligations with respect to such Guarantor at such time.   Without limiting the generality of the foregoing, the Obligations of the Loan   Parties under the Loan Documents (and of their Subsidiaries to the extent they   have obligations under the Loan Documents) include (a) the obligation   (including guarantee obligations) to pay principal, interest, Letter of   Credit fees, reimbursement obligations, charges, expenses, fees, Attorney   Costs, indemnities and other amounts payable by any Loan Party or Subsidiary   under any Loan Document and (b) the obligation of any Loan Party or   Subsidiary to reimburse any amount in respect of any of the foregoing that   any Lender may elect to pay or advance on behalf of such Loan Party or such   Subsidiary in accordance with this Agreement. “obligations” means any   principal (including any accretion), interest (including any interest   accruing subsequent to the filing of a petition in bankruptcy, reorganization   or similar proceeding at the rate provided for in the documentation with   respect thereto, whether or not such interest is an allowed claim under   applicable state, federal or foreign law), penalties, fees, indemnifications,   reimbursements (including reimbursement obligations with respect to letters   of credit and banker’s acceptances), damages and other liabilities, and   guarantees of payment of such principal (including any accretion), interest,   penalties, fees, indemnifications, reimbursements, damages and other   liabilities, payable under the documentation governing any Indebtedness.   “OFAC” has the meaning specified in Section 5.15. “Offer” means a public   offer to be made by Bidco to all shareholders of the Target (other than Bidco   and its subsidiaries) to acquire some or all of the Target Shares as outlined   in the Offer Press Release. “Offer Closing Certificate” means in respect of   an Offer, a certificate from the Borrower confirming that: (a) the Minimum   Acceptance Condition has been satisfied; and (b) all other conditions (except   for any condition relating to the payment of the consideration in respect of   the 2015 Acquisition) of the Offer 43 1002217597 1001820109v3 

    

 

have been   satisfied or waived (and, to the extent waived, confirming that any such   waiver does not, or will not upon becoming effective, constitute a Certain   Funds Default). “Offer Documents” means the 2015 Transaction Agreement, the   Offering Circular, the Offer Press Release, any other announcement, press   release or circular issued or filed by Bidco in connection with an Offer, any   other document dispatched to the shareholders of the Target generally in   relation to an Offer by Bidco, and any other document designated as such by   the Administrative Agent and the Borrower in writing. “Offer Effective Date”   means, if the 2015 Acquisition proceeds by way of an Offer, the date on which   the Offer is declared unconditional in all respects by Bidco. “Offer Press   Release” means the press announcement in the form agreed with the Tranche A   Arrangers to be made by Bidco pursuant to Rule 2.5 of the Takeover Rules (in   a manner amended from time to time in a manner permitted by this Agreement).   “Offering Circular” means, if the 2015 Acquisition proceeds by way of an   Offer, any public offer document issued or to be issued by Bidco to the   shareholders of the Target in connection with an Offer setting out the terms   of the Offer (including any amendments, revisions or extensions thereof).   “Organization Documents” means, (a) with respect to any corporation, the   certificate or articles of incorporation and the bylaws (or equivalent or   comparable constitutive documents with respect to any non-U.S. jurisdiction);   (b) with respect to any limited liability company, the certificate or   articles of formation or organization and operating agreement (or equivalent   or comparable constitutive documents with respect to any non-U.S.   jurisdiction); and (c) with respect to any partnership, joint venture, trust   or other form of business entity, the partnership, joint venture or other   applicable agreement of formation or organization and any agreement,   instrument, filing or notice with respect thereto filed in connection with   its formation or organization with the applicable Governmental Authority in   the jurisdiction of its formation or organization and, if applicable, any   certificate or articles of formation or organization of such entity.   “Original Tranche A Arrangers” means Bank of America, N.A., an affiliate of   Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Goldman Sachs   Bank USA, in their capacities as lead arrangers and lead bookrunners with   respect to the Original Tranche A Term Facility. “Original Tranche A Term   Borrowing” means a borrowing consisting of simultaneous Original Tranche A   Term Loans of the same Type and currency and, in the case of Eurodollar Rate   Loans, having the same Interest Period made by each of the Original Tranche A   Term Lenders. “Original Tranche A Term Commitment” means, as to any Original   Tranche A Term Lender, the aggregate of its Term Commitments in an aggregate amount   not to exceed 44 1002217597 1001820109v3 

    

 

the amount set   forth opposite such Lender’s name on Schedule 1.01A under the caption   “Original Tranche A Term Commitment.” “Original Tranche A Term Facility”   means the Original Tranche A Term Commitments and the Original Tranche A Term   Loans. “Original Tranche A Term Lender” means, at any time, any Lender that   has an Original Tranche A Term Commitment or an Original Tranche A Term Loan   at such time. “Original Tranche A Term Loan” means a Loan made pursuant to   Section 2.01(a)(II). “Other Applicable Indebtedness” has the meaning set   forth in Section 2.05(b)(i). “Other Revolving Credit Commitments” means one   or more Classes of Revolving Credit Commitments hereunder that result from a   Refinancing Amendment. “Other Revolving Credit Loans” means one or more   Classes of Revolving Credit Loans that result from a Refinancing Amendment.   “Other Taxes” has the meaning specified in Section 3.01(b). “Other Term Loan   Commitments” means one or more Classes of term loan commitments hereunder to   fund Other Term Loans of the applicable Refinancing Series hereunder that   result from a Refinancing Amendment. “Other Term Loans” means one or more   Classes of Term Loans that result from a Refinancing Amendment. “Outstanding   Amount” means (a) with respect to the Initial Term Loans, Tranche A Term   Loans, Revolving Credit Loans and Swing Line Loans on any date, the   outstanding principal amount thereof after giving effect to any borrowings   and prepayments or repayments of Initial Term Loans, Tranche A Term Loans,   Revolving Credit Loans (including any refinancing of outstanding unpaid   drawings under Letters of Credit or L/C Credit Extensions as a Revolving   Credit Borrowing) and Swing Line Loans, as the case may be, occurring on such   date; and (b) with respect to any L/C Obligations on any date, the   outstanding amount thereof on such date after giving effect to any L/C Credit   Extension occurring on such date and any other changes thereto as of such   date, including as a result of any reimbursements of outstanding unpaid   drawings under any Letters of Credit (including any refinancing of   outstanding unpaid drawings under Letters of Credit or L/C Credit Extensions   as a Revolving Credit Borrowing) or any reductions in the maximum amount   available for drawing under Letters of Credit taking effect on such date.   “Participant” has the meaning specified in Section 10.06(d). “Participant   Register” has the meaning set forth in Section 10.06(d). 45 1002217597   1001820109v3 

    

 

“PBGC” means   the Pension Benefit Guaranty Corporation. “Pension Plan” means any “employee   pension benefit plan” (as such term is defined in Section 3(2) of ERISA),   other than a Multiemployer Plan, that is subject to Title IV of ERISA and is   sponsored or maintained by any Loan Party or any ERISA Affiliate or to which   any Loan Party or any ERISA Affiliate contributes or has an obligation to   contribute, or in the case of a multiple employer or other plan described in   Section 4064(a) of ERISA, has made contributions at any time during the   immediately preceding five (5) plan years. “Perfection Certificate” means a   certificate in the form of Exhibit G-1 hereto or any other form approved by   the Collateral Agent, as the same shall be supplemented from time to time by   a Perfection Certificate Supplement or otherwise. “Perfection Certificate   Supplement” means a certificate supplement in the form of Exhibit G-2 hereto   or any other form approved by the Collateral Agent. “Permitted Acquisition”   means any Investment permitted under clause (c) of the definition of   Permitted Investments. “Permitted Asset Swap” means the concurrent purchase   and sale or exchange of Related Business Assets or a combination of Related   Business Assets and Cash Equivalents between the Borrower or any of its   Restricted Subsidiaries and another Person; provided, that any Cash   Equivalents received must be applied in accordance with Section 7.04.   “Permitted Debt Offering” means any issuance of senior secured or junior   secured or unsecured Indebtedness by any Loan Party after the Closing Date   through an incurrence of term loans or through a public offering or private   issuance of debt securities under Rule 144A or Regulation S under the   Securities Act, or otherwise, provided that, (a) such Indebtedness may be   secured by a first priority Lien on the Collateral that is pari passu with   the Lien securing the Obligations (other than any Permitted Debt Offering   Indebtedness incurred in the form of term loans, which shall not be secured   by a first priority Lien on the Collateral), or may be secured by a Lien   ranking junior to the Lien on the Collateral securing the Obligations or may   be unsecured; (b) such Permitted Debt Offering Indebtedness is not secured by   any collateral other than the Collateral securing the Obligations; (c) such   Permitted Debt Offering Indebtedness does not mature on or prior to the   Latest Maturity Date of, or have a shorter Weighted Average Life to Maturity   than, the Term Loans; (d) the covenants, events of default, guarantees,   collateral and other terms of such Permitted Debt Offering Indebtedness   (other than interest rate and redemption premiums) taken as a whole, are not   more restrictive to the Loan Parties than those set forth in this Agreement   (it being understood to the extent that any financial maintenance covenant is   added for the benefit of any Permitted Debt Offering, no consent shall be   required from the Administrative Agent or any Lender to the extent that such   financial maintenance covenant is also added for the benefit of any corresponding   existing Facility); (e) a certificate of a Responsible Officer of the issuing   Loan Party delivered to the Administrative Agent at least three (3) Business   Days (or such shorter period as the Administrative Agent may reasonably   agree) prior to the incurrence of such Indebtedness, together with a   reasonably detailed description of the material terms and conditions of such   Indebtedness or drafts of the documentation relating thereto, stating that   the issuing Loan Party 46 1002217597 1001820109v3 

    

 

has determined   in good faith that such terms and conditions satisfy the foregoing   requirements shall be conclusive evidence that such terms and conditions   satisfy the foregoing requirements; and (f) no Loan Party or any Subsidiary   of a Loan Party (other than the Borrower or a Guarantor) is a guarantor or   borrower under such Permitted Debt Offering Indebtedness. Notes issued by any   Loan Party in exchange for any Indebtedness issued in connection with a   Permitted Debt Offering in accordance with the terms of a registration rights   agreement entered into in connection with the issuance of such Permitted Debt   Offering Indebtedness shall also be considered a Permitted Debt Offering.   “Permitted Investments” means: (a) any Investment in the Borrower or any of   its Restricted Subsidiaries; provided, that any Investment by the Loan   Parties in non-Loan Parties pursuant to this clause (a) (other than any 2015   Transactions Investment), together with, but without duplication of,   Investments made by Loan Parties in non-Loan Parties pursuant to clause (c)   below, shall not exceed an aggregate amount outstanding from time to time   equal to the greater of (x) $300,000,000 and (y) 2.50% of Total Assets at the   time of such Investment (with the amount of each Investment being measured at   the time made and without giving effect to subsequent changes in value); (b)   Securities; any Investment in Cash Equivalents or Investment Grade (c) any   Investment by the Borrower or any of its Restricted Subsidiaries in a Person   that is engaged in a Similar Business if, as a result of such Investment: (i)   such Person becomes a Restricted Subsidiary, or such Person, in one   transaction or a series of related transactions, is merged, consolidated or   amalgamated with or into, or transfers or conveys substantially all of its   assets to, or is liquidated into, the Borrower or a Restricted Subsidiary;   provided, that any Investment by the Loan Parties in a Person that becomes a   non-Loan Party pursuant to this clause (c) (other than any 2015 Transactions   Investment made to effect the 2015 Acquisition, or made substantially   concurrently with the consummation of the 2015 Acquisition, in connection   with the 2015 Transactions), together with, but without duplication of,   Investments made by Loan Parties in non-Loan Parties pursuant to clause (a)   above, shall not exceed an aggregate amount outstanding from time to time   equal to the greater of (x) $300,000,000 and (y) 2.50% of Total Assets at the   time of such Investment (with the amount of each Investment being measured at   the time made and without giving effect to subsequent changes in value); 47   1002217597 1001820109v3 

    

 

, and, in each   case, any Investment held by such Person; provided, that such Investment was   not acquired by such Person in contemplation of such acquisition, merger,   consolidation or transfer; (ii) except in the case of any Investment made in   connection with the 2015 Transactions, no Event of Default shall exist either   immediately before or after such purchase or acquisition; and (iii) Section   6.11 shall be complied with respect to such newly acquired Restricted   Subsidiary and property. (d) any Investment in securities or other assets not   constituting cash, Cash Equivalents or Investment Grade Securities and   received in connection with a Disposition made pursuant to the provisions   described under Section 7.04 or any other disposition of assets not   constituting an Disposition; (e) any Investment existing on the Closing Date   or made pursuant to binding commitments in effect on the Closing Date and set   forth on Schedule 1.01E or an Investment consisting of any extension,   modification or renewal of any Investment existing on the Closing Date;   provided that the amount of any such Investment may be increased (x) as   required by the terms of such Investment as in existence on the Closing Date   or (y) as otherwise permitted under this Agreement; (f)any Investment   acquired by the Borrower or any of its Restricted Subsidiaries: (i) in   exchange for any other Investment or accounts receivable held by the Borrower   or any such Restricted Subsidiary in connection with or as a result of a   bankruptcy workout, reorganization or recapitalization of the issuer of such   other Investment or accounts receivable; or (ii) as a result of a foreclosure   by the Borrower or any of its Restricted Subsidiaries with respect to any   secured Investment or other transfer of title with respect to any secured   Investment in default; (g) Hedging Obligations permitted under Section   7.02(b)(9); (h) Investments the payment for which consists of Equity   Interests (exclusive of Disqualified Stock) of the Borrower; provided,   however, that such Equity Interests will not increase the amount available   for Restricted Payments under Section 7.05(a)(3); (i) guarantees of   Indebtedness permitted under Section 7.02; 48 1002217597 1001820109v3 

    

 

(j) any   transaction to the extent it constitutes an Investment that is permitted and   made in accordance with the provisions of Section 7.07(b) (except   transactions described in clauses (2), (5) and (9) thereof); (k) Investments   consisting of purchases and acquisitions of inventory, supplies, material or   equipment, or other similar assets in the ordinary course of business or the   licensing or contribution of intellectual property pursuant to joint   marketing arrangements with other Persons; (l) additional Investments having   an aggregate fair market value (as determined in good faith by the Borrower),   taken together with all other Investments made pursuant to this clause (l)   that are at that time outstanding (without giving effect to the sale of an   Unrestricted Subsidiary to the extent the proceeds of such sale do not   consist of cash or marketable securities), not to exceed the greater of (x)   $300,000,000 and (y) 2.50% of Total Assets not otherwise permitted hereunder,   provided that at the time of any such Investment (with the fair market value   of each Investment being measured at the time made and without giving effect   to subsequent changes in value);, (x) no Specified Default or Event of Default   shall be continuing or would occur as a consequence thereof and (y) the   Borrower shall be in compliance with the financial covenant set forth in   Section 7.11 on a Pro Forma Basis; (m) Investments relating to a Receivables   Subsidiary that, in the good faith determination of the Borrower are   necessary or advisable to effect any Receivables Facility or any repurchases   in connection therewith; (n) advances to, or guarantees of Indebtedness of,   employees not in excess of $20,000,000 outstanding at any one time, in the   aggregate; and (o) loans and advances to officers, directors and employees   for business-related travel expenses, moving expenses, payroll expenses and   other similar expenses, in each case incurred in the ordinary course of   business or consistent with past practices or to fund such Person’s purchase   of Equity Interests of the Borrower. “Permitted Junior Secured Refinancing   Debt” means any secured Indebtedness (including any Registered Equivalent   Notes) incurred by the Borrower in the form of one or more series of second   lien (or other junior lien) secured notes or second lien (or other junior   lien) secured loans; provided that (i) such Indebtedness is secured by the   Collateral on a second priority (or other junior priority) basis to the liens   securing the Obligations and the obligations in respect of any Permitted Pari   Passu Secured Refinancing Debt and is not secured by any property or assets   of the Borrower or any Restricted Subsidiary other than the Collateral, (ii)   such Indebtedness may be secured by a Lien on the Collateral that is junior   to the Liens securing the Obligations and the obligations in respect of any   Permitted Pari Passu Secured Refinancing Debt, notwithstanding any provision   to the contrary contained in the definition of Credit Agreement Refinancing   Indebtedness, (iii) a Representative acting on behalf of the holders of such   Indebtedness shall have become party to or otherwise subject to 49 1002217597   1001820109v3 

    

 

the provisions   of a Second Lien Intercreditor Agreement; provided that if such Indebtedness   is the initial Permitted Junior Secured Refinancing Debt incurred by the   Borrower, then the Borrower, the Subsidiary Guarantors, the Administrative   Agent and the Representative for such Indebtedness shall have executed and   delivered a Second Lien Intercreditor Agreement and (iv) such Indebtedness   meets the Permitted Other Debt Conditions. Permitted Junior Secured   Refinancing Debt will include any Registered Equivalent Notes issued in   exchange therefor. “Permitted Liens” has the definition assigned to such term   in Section 7.01. “Permitted Other Debt Conditions” means that such applicable   debt (i) does not mature or have scheduled amortization payments of principal   or payments of principal and is not subject to mandatory redemption,   repurchase, prepayment or sinking fund obligations (other than customary   offers to repurchase upon a change of control, asset sale or event of loss   and a customary acceleration right after an event of default), in each case   prior to the Latest Maturity Date at the time such Indebtedness is incurred,   (ii) is not at any time guaranteed by any Subsidiaries other than   Subsidiaries that are Guarantors, and (iii) to the extent secured, the   security agreements relating to such Indebtedness are substantially the same   as or more favorable to the Loan Parties than the Collateral Documents (with   such differences as are reasonably satisfactory to the Administrative Agent).   “Permitted Pari Passu Secured Refinancing Debt” means any secured   Indebtedness (including any Registered Equivalent Notes) incurred by the   Borrower in the form of one or more series of senior secured notes; provided   that (i) such Indebtedness is secured by the Collateral on a pari passu basis   (but without regard to the control of remedies) with the Obligations and is   not secured by any property or assets of the Borrower or any Restricted   Subsidiary other than the Collateral, (ii) such Indebtedness is not at any   time guaranteed by any Subsidiaries other than Subsidiaries that are Guarantors,   (iii) such Indebtedness does not mature or have scheduled amortization or   payments of principal (other than customary offers to repurchase upon a   change of control, asset sale or event of loss and a customary acceleration   right after an event of default) prior to the date that is the Latest   Maturity Date at the time such Indebtedness is incurred or issued, (iv) the   security agreements relating to such Indebtedness are substantially the same   as or more favorable to the Loan Parties than the Collateral Documents (with   such differences as are reasonably satisfactory to the Administrative Agent)   and (v) a Representative acting on behalf of the holders of such Indebtedness   shall have become party to or otherwise subject to the provisions of an   Intercreditor Agreement; provided that if such Indebtedness is the initial   Permitted Pari Passu Secured Refinancing Debt incurred by the Borrower, then   the Borrower, the Subsidiary Guarantors, the Administrative Agent and the   Representative for such Indebtedness shall have executed and delivered an   Intercreditor Agreement. Permitted Pari Passu Secured Refinancing Debt will   include any Registered Equivalent Notes issued in exchange therefor.   “Permitted Unsecured Refinancing Debt” means unsecured Indebtedness   (including any Registered Equivalent Notes) incurred by the Borrower in the   form of one or more series of senior unsecured notes or loans; provided that   (i) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness   and (ii) meets the Permitted Other Debt Conditions. 50 1002217597   1001820109v3 

    

 

“Person” means   any individual, corporation, limited liability company, partnership, joint   venture, association, joint stock company, trust, unincorporated   organization, government or any agency or political subdivision thereof or   any other entity. “Plan” means any “employee benefit plan” (as such term is   defined in Section 3(3) of ERISA) established or maintained by any Loan Party   or, with respect to any such plan that is subject to Section 412 of the Code   or Title IV of ERISA, any ERISA Affiliate. “Platform” has the meaning   assigned to such term in Section 6.02. “Pre-Effectiveness” has the meaning   specified in Section 2.16(f)(ii). “Preferred Stock” means any Equity Interest   with preferential rights of payment of dividends or upon liquidation,   dissolution, or winding up. “Pro Forma Basis” and “Pro Forma Compliance”   mean, with respect to compliance with any test or covenant hereunder, that to   the extent applicable, shall have been calculated in accordance with Section   1.08. “Pro Rata Extension Offer” has the meaning set forth in Section 2.16.   “Pro Rata Share” means, with respect to each Lender at any time a fraction   (expressed as a percentage, carried out to the ninth decimal place), the   numerator of which is the amount of the Commitments of such Lender under the   applicable Facility or Facilities at such time and the denominator of which   is the amount of the Aggregate Commitments under the applicable Facility or   Facilities at such time; provided that if such Commitments have been   terminated, then the Pro Rata Share of each Lender shall be determined based   on the Pro Rata Share of such Lender immediately prior to such termination   and after giving effect to any subsequent assignments made pursuant to the   terms hereof. “Public Lender” has the meaning assigned to such term in   Section 6.02. “Qualified ECP Guarantor” means, in respect of any Swap   Obligation, each Guarantor that, at the time the relevant Guarantee or grant   of the relevant security interest becomes effective with respect to such Swap   Obligation, has total assets exceeding $10,000,000 or such other person as   constitutes an “eligible contract participant” under the Commodity Exchange   Act or any regulations promulgated thereunder and can cause another person to   qualify as an “eligible contract participant” with respect to such Swap   Obligation at such time by entering into a keepwell under Section   1a(18)(A)(v)(II) of the Commodity Exchange Act. “Qualifying Acquisition” has   the meaning set forth in Section 7.11. “Quarterly Financial Statements” means   the unaudited consolidated balance sheets and related consolidated statements   of operations and cash flows of the Borrower for the fiscal quarters quarter   ended March 31, 2013 and June 30, 2013 2016. 51 1002217597 1001820109v3 

    

 

“Rating   Agencies” means Moody’s and S&P or if Moody’s or S&P or both shall   not make a rating on the Senior Notes publicly available, a nationally   recognized statistical rating agency or agencies, as the case may be,   selected by the Borrower which shall be substituted for Moody’s or S&P or   both, as the case may be. “Ratio Calculation Date” has the meaning set forth   in Section 1.08(b). “Real Property” means, collectively, all right, title and   interest (including any leasehold, mineral or other estate) in and to any and   all parcels of or interests in real property owned, leased or operated by any   Person, whether by lease, license or other means, together with, in each   case, all easements, hereditaments and appurtenances relating thereto, all   improvements and appurtenant fixtures and equipment, all general intangibles   and contract rights and other property and rights incidental to the   ownership, lease or operation thereof. “Receivables Facility” means any of   one or more receivables financing facilities as amended, supplemented,   modified, extended, renewed, restated or refunded from time to time, the   obligations of which are non-recourse (except for customary representations,   warranties, covenants and indemnities made in connection with such   facilities) to the Borrower or any of its Restricted Subsidiaries (other than   a Receivables Subsidiary) pursuant to which the Borrower or any of its   Restricted Subsidiaries sells its accounts receivable to either (a) a Person   that is not a Restricted Subsidiary or (b) a Receivables Subsidiary that in   turn sells its accounts receivable to a Person that is not a Restricted   Subsidiary. “Receivables Fees” means distributions or payments made directly   or by means of discounts with respect to any accounts receivable or   participation interest therein issued or sold in connection with, and other   fees paid to a Person that is not a Restricted Subsidiary in connection with,   any Receivables Facility. “Receivables Subsidiary” means any Subsidiary formed   for the purpose of, and that solely engages only in one or more Receivables   Facilities and other activities reasonably related thereto. “Refinanced Debt”   has the meaning set forth in the definition of “Credit Agreement Refinancing   Indebtedness.” “Refinancing Amendment” means an amendment to this Agreement   executed by each of (a) the Borrower, (b) the Administrative Agent, (c) each   Additional Refinancing Lender and (d) each Lender that agrees to provide any   portion of Other Term Loans, Other Term Loan Commitments, Other Revolving   Credit Commitments or Other Revolving Credit Loans incurred pursuant thereto,   in accordance with Section 2.15. “Refinancing Indebtedness” has the meaning   set forth in Section 7.02(b)(12). “Refinancing Series” means all Other Term   Loans or Other Term Loan Commitments that are established pursuant to the   same Refinancing Amendment (or any subsequent Refinancing Amendment to the   extent such Refinancing Amendment expressly provides that the Other Term   Loans or Other Term Loan Commitments provided for therein are intended to be   a part of any previously established Refinancing Series) and that provide for   the same yield 52 1002217597 1001820109v3 

    

 

(taking into   account any applicable interest rate margin, original issue discount,   up-front fees and any LIBOR “floor”) and amortization schedule. “Refunding   Capital Stock” has the meaning set forth in Section 7.05(b)(2). “Register”   has the meaning set forth in Section 10.06(c). “Registered Equivalent Notes”   means, with respect to any notes originally issued in an offering pursuant to   Rule 144A under the Securities Act or other private placement transaction   under the Securities Act, substantially identical notes (having the same   guarantees) issued in a dollar-for-dollar exchange therefor pursuant to an   exchange offer registered with the SEC. “Rejection Notice” has the meaning   set forth in Section 2.05(b)(v). “Related Business Assets” means assets   (other than Cash Equivalents) used or useful in a Similar Business,; provided   that any assets received by the Borrower or a Restricted Subsidiary in   exchange for assets transferred by the Borrower or a Restricted Subsidiary   shall not be deemed to be Related Business Assets if they consist of   securities of a Person, unless upon receipt of the securities of such Person,   such Person would become a Restricted Subsidiary. “Related Parties” means,   with respect to any Person, such Person’s Affiliates and the partners,   directors, officers, employees, agents, trustees and advisors of such Person   and of such Person’s Affiliates. “Release” means any spilling, leaking,   seepage, pumping, pouring, emitting, emptying, discharging, injecting,   escaping, leaching, dumping, disposing, depositing, dispersing or migrating   in, into, onto or through the Environment. “Relevant Default” has the meaning   set forth in Section 8.01. “Reportable Event” means any of the events set   forth in Section 4043(c) of ERISA or the regulations issued thereunder, other   than events for which the thirty (30) day notice period has been waived.   “Representative” means, with respect to any series of Permitted Pari Passu   Secured Refinancing Debt or Permitted Junior Secured Refinancing Debt, the   trustee, administrative agent, collateral agent, security agent or similar   agent under the indenture or agreement pursuant to which such Indebtedness is   issued, incurred or otherwise obtained, as the case may be, and each of their   successors in such capacities. “Repricing Transaction” means the prepayment   (including repricings or refinancings) of all or a portion of the Term Loans   with proceeds from the incurrence by the Borrower of any new Indebtedness   having a yield (taking into account any applicable interest rate margin,   original issue discount, up-front fees and any LIBOR “floor”) that is less   than the yield of the applicable Term Loans (excluding any prepayments,   repricings or refinancings in connection 53 1002217597 1001820109v3 

    

 

with a Change   of Control), including without limitation, as may be effected through any amendment   to this Agreement relating to the yield of the applicable Term Loans.   “Request for Credit Extension” means (a) with respect to a Borrowing,   continuation or conversion of Term Loans or Revolving Credit Loans, a   Committed Loan Notice, (b) with respect to an L/C Credit Extension, a Letter   of Credit Application, and (c) with respect to a Swing Line Loan, a Swing   Line Loan Notice. “Required Class Lenders” means, as of any date of   determination, Lenders of a Class having more than 50% of the sum of the (a)   Total Outstandings (with, in the case of the Revolving Credit Facility, the   aggregate amount of each Lender’s risk participation and funded participation   in L/C Obligations and Swing Line Loans being deemed “held” by such Lender   for purposes of this definition) for all Lenders of such Class and (b)   aggregate unused Commitments of all Lenders of such Class; provided that the   unused Commitment and the portion of the Total Outstandings held or deemed   held by, any Defaulting Lender of such Class shall be excluded for purposes   of making a determination of Required Class Lenders. “Required Lenders”   means, as of any date of determination, Lenders having more than 50% of the   sum of the (a) Total Outstandings (with the aggregate amount of each Lender’s   risk participation and funded participation in L/C Obligations and Swing Line   Loans being deemed “held” by such Lender for purposes of this definition),   (b) aggregate unused Term Commitments and (c) aggregate unused Revolving   Credit Commitments; provided that the unused Term Commitment and unused   Revolving Credit Commitment of, and the portion of the Total Outstandings   held or deemed held by, any Defaulting Lender shall be excluded for purposes   of making a determination of Required Lenders. “Responsible Officer” means the   chief executive officer, president, vice president, chief financial officer,   director, company secretary, treasurer or assistant treasurer or other   similar officer of a Loan Party and, as to any document delivered on the   Closing Date, any secretary or assistant secretary of such Loan Party and,   solely for purposes of notices given pursuant to Article II, any other   officer or employee of the applicable Loan Party so designated by any of the   foregoing officers in a notice to the Administrative Agent. Any document   delivered hereunder that is signed by a Responsible Officer of a Loan Party   shall be conclusively presumed to have been authorized by all necessary   corporate, partnership and/or other action on the part of such Loan Party and   such Responsible Officer shall be conclusively presumed to have acted on   behalf of such Loan Party. “Restricted Cash” means cash and Cash Equivalents   held by Restricted Subsidiaries that is contractually restricted from being   distributed to the Borrower, except for such restrictions that are contained   in agreements governing Indebtedness permitted under this Agreement and that   is secured by such cash or Cash Equivalents. “Restricted Investment” means   any Investment other than a Permitted Investment. “Restricted Payment” has the   meaning set forth in Section 7.05(a). “Restricted Subsidiary” means, at any   time, each direct and indirect Subsidiary of the Borrower (including any   Foreign Subsidiary) that is not then an Unrestricted Subsidiary; 54   1002217597 1001820109v3 

    

 

provided,   however, that upon the occurrence of an Unrestricted Subsidiary ceasing to be   an Unrestricted Subsidiary, such Subsidiary shall be included in the   definition of “Restricted Subsidiary.” “Revolving Commitment Increase” has   the meaning set forth in Section 2.14(a). “Revolving Commitment Increase   Lender” has the meaning set forth in Section 2.14(a). “Revolving Credit   Borrowing” means a borrowing consisting of simultaneous Revolving Credit   Loans of the same Type and Class and, in the case of Eurodollar Rate Loans,   having the same Interest Period and currency made by each of the Revolving   Credit Lenders of such Class pursuant to any clause of Section 2.01(b).   “Revolving Credit Commitment” means, as to each Revolving Credit Lender, its   obligation to (a) make Revolving Credit Loans to the Borrower pursuant to   Section 2.01(b), (b) purchase participations in L/C Obligations in respect of   Letters of Credit and (c) purchase participations in Swing Line Loans, in an   aggregate principal amount at any one time outstanding not to exceed the   amount set forth, and opposite such Lender’s name on Schedule 1.01A under the   caption “Revolving Credit Commitment” or in the Assignment and Assumption   pursuant to which such Lender becomes a party hereto, as applicable, as such   amount may be adjusted from time to time in accordance with this Agreement   (including Section 2.14). The aggregate Revolving Credit Commitments of all   Revolving Credit Lenders shall be $250,000,000 on the Closing 2016   Refinancing Amendment Effective Date, as such amount may be adjusted from   time to time in accordance with the terms of this Agreement. “Revolving   Credit Exposure” means, as to each Revolving Credit Lender, the sum of the   amount of the outstanding principal amount of such Revolving Credit Lender’s   Revolving Credit Loans and its Pro Rata Share of the amount of the L/C   Obligations and the Swing Line Obligations at such time. “Revolving Credit   Facility” means, at any time, the aggregate amount of the Revolving Credit   Lenders’ Revolving Credit Commitments at such time. “Revolving Credit Lender”   means, at any time, any Lender that has a Revolving Credit Commitment at such   time. “Revolving Credit Loans” has the meaning specified in Section 2.01(b).   “Revolving Credit Note” means a promissory note of the Borrower payable to   any Revolving Credit Lender or its registered assigns, in substantially the   form of Exhibit C-2 hereto, evidencing the aggregate Indebtedness of the   Borrower to such Revolving Credit Lender resulting from the Revolving Credit   Loans made by such Revolving Credit Lender to the Borrower. “Revolving Pro   Rata Extension Offers” has the meaning specified in Section 2.16(a). 55   1002217597 1001820109v3 

    

 

“S&P” means   Standard & Poor’s Financial Services, LLC, a subsidiary of The   McGraw-Hill Companies, Inc., and any successor to its rating agency business.   “Sale and Lease-Back Transaction” means any arrangement providing for the   leasing by the Borrower or any of its Restricted Subsidiaries of any real or   tangible personal property, which property has been or is to be sold or   transferred for value by the Borrower or such Restricted Subsidiary to a   third Person in contemplation of such leasing. “Same Day Funds” means   immediately available funds. “Sanction(s)” means any international all   economic sanction or financial sanctions or trade embargoes imposed,   administered or enforced by the United States Government (including without   limitation, OFAC), the United Nations Security Council, the European Union,   Her Majesty’s Treasury or other relevant sanctions authority. “Scheme” means   a scheme of arrangement made pursuant to Chapter 1 Part 9 of the Act which is   or may be proposed by the Target to its shareholders pursuant to which Bidco   will become, except with respect to the Euro Deferred Shares (as defined in   the 2015 Transaction Agreement), the only shareholder of the Target as   outlined in the Scheme Press Release with or subject to any modification,   addition or condition approved or imposed by the Court. “Scheme Circular”   means a document issued by or on behalf of the Target to shareholders of the   Target setting out the proposals for the Scheme stating the recommendation of   the Scheme to the shareholders of Target by the board of directors of Target   including the notice of General Meeting and the Court Meeting. “Scheme   Documents” means the Scheme Circular together with the notices of the Court   Meeting and General Meeting which accompany that Scheme Circular, the Scheme   Press Release, the 2015 Transaction Agreement, the Scheme Resolutions, any   other document dispatched by or on behalf of the Target to its shareholders   in connection with the Scheme, and any other document designated as such by   the Administrative Agent and the Borrower in writing. “Scheme Effective Date”   means, if the 2015 Acquisition proceeds by way of a Scheme, the date on which   the Court Orders are filed with the Registrar of Companies in Ireland and the   Scheme becomes effective in accordance with Irish law. “Scheme Press Release”   means the press announcement in the form agreed with the Tranche A Arrangers   to be made by Bidco pursuant to Rule 2.5 of the Takeover Rules (in a manner   amended from time to time in a manner permitted by this Agreement) to   announce the terms of the 2015 Acquisition and confirming that, as at the   date of such press release, the 2015 Acquisition was recommended to the   Target shareholders by its board of directors. “Scheme Resolutions” means, if   the 2015 Acquisition proceeds by way of a Scheme, the resolutions of the   Target shareholders for the implementation of the Scheme referred to and   substantially in the form to be set out in the Scheme Circular. 56 1002217597   1001820109v3 

    

 

“Scheme   Settlement Date” means the date which falls 14 days after the Scheme Effective   Date. “SEC” means the Securities and Exchange Commission, or any Governmental   Authority succeeding to any of its principal functions. “Second Amendment”   means the Second Amendment, dated as of November 13, 2015, by and among the   Borrower, the other Loan Parties, the Administrative Agent, the Collateral   Agent and the Lenders party thereto. “Second Amendment Effective Date” means   the date on which the conditions of Section 1.5(a) of the Second Amendment   are satisfied. “Second Lien Intercreditor Agreement” means an intercreditor   agreement substantially (if applicable, subject to a customary standstill   period, of not less than 180 days) in the form of Exhibit I-2 hereto (which   agreement in such form or with immaterial changes thereto the Administrative   Agent is authorized to enter into) together with any material changes thereto   in light of prevailing market conditions, which material changes shall be   posted to the Lenders not less than five (5) Business Days before execution   thereof and, if the Required Lenders shall not have objected to such changes   within five (5) Business Days after posting, then the Required Lenders shall   be deemed to have agreed that the Administrative Agent’s entry into such   intercreditor agreement (with such changes) is reasonable and to have   consented to such intercreditor agreement (with such changes) and to the   Administrative Agent’s execution thereof. “Secured Hedge Agreement” means any   Swap Contract permitted under Article VII that is entered into by and between   the Borrower or any Loan Party and any Hedge Bank. “Secured Indebtedness”   means any Indebtedness of the Borrower or any of its Restricted Subsidiaries   secured by a Lien. “Secured Parties” means, collectively, the Administrative   Agent, the Collateral Agent, the Lenders, the Hedge Banks and each co-agent   or sub-agent appointed by the Administrative Agent or Collateral Agent from   time to time pursuant to Section 9.02. “Securities Act” means the Securities   Act of 1933, as amended. “Security Agreement” has the meaning specified in   Section 4.01(a)(iii). “Senior Indebtedness” means: (a) all Indebtedness of   the Borrower or any Guarantor outstanding under this Agreement and related   Guarantees, the Senior Notes and related Guarantees (including interest   accruing on or after the filing of any petition in bankruptcy or similar   proceeding or for reorganization of the Borrower or any Guarantor (at the   rate provided for in the documentation with respect thereto, regardless of   whether or not a claim for post-filing interest is allowed in such   proceedings)), and any and all other fees, expense reimbursement obligations,   57 1002217597 1001820109v3 

    

 

indemnification   amounts, penalties, and other amounts (whether existing on the Closing Date   or thereafter created or incurred) and all obligations of the Borrower or any   Guarantor to reimburse any bank or other Person in respect of amounts paid   under letters of credit, acceptances or other similar instruments; (b) all   Hedging Obligations (and guarantees thereof) owing to a Hedge Bank, provided   that such Hedging Obligations are permitted to be incurred under the terms of   this Agreement; (c) any other Indebtedness of the Borrower or any Guarantor   permitted to be incurred under the terms of this Agreement, unless the   instrument under which such Indebtedness is incurred expressly provides that   it is subordinated in right of payment to the Obligations, the Senior Notes   or any related Guarantee; and (d) all obligations with respect to the items   listed in the preceding clauses (a), (b) and (c); provided, however, that   Senior Indebtedness shall not include: (A) any obligation of such Person to   the Borrower or any of its Subsidiaries; (B) any liability for federal,   state, local or other taxes owed or owing by such Person; (C) any accounts   payable or other liability to trade creditors arising in the ordinary course   of business; provided that obligations incurred under this Agreement shall   not be excluded pursuant to this clause (C); (D) any Indebtedness or other   obligation of such Person which is subordinate or junior in any respect to   any other Indebtedness or other obligation of such Person; or (E) that   portion of any Indebtedness which at the time of incurrence is incurred in   violation of this Agreement. “Senior Notes” means (A) $1,500,000,000 in   aggregate principal amount of the Borrower’s 5.625% senior unsecured notes   due 2021 and (B) $750,000,000 in aggregate principal amount of the Borrower’s   6.125% senior unsecured notes due 2023. “Senior Notes Indenture” means the   Indenture for the Senior Notes, dated September 19, 2013, between the   Borrower, Wells Fargo Bank, National Association, as trustee, and the other   entities from time to time party thereto, as the same may be amended,   modified, supplemented, replaced or refinanced to the extent not prohibited   by this Agreement. 58 1002217597 1001820109v3 

    

 

“Similar   Business” means any business conducted or proposed to be conducted by the   Borrower and its Restricted Subsidiaries on the Closing2016 Credit Agreement   Amendment Effective Date or any business that is similar, reasonably related,   incidental or ancillary thereto. “Solvent” and “Solvency” mean, with respect   to any Person on any date of determination, that on such date (a) the fair   value of the property of such Person is greater than the total amount of   liabilities, including contingent liabilities, of such Person, (b) the   present fair salable value of the assets of such Person is greater than the   amount that will be required to pay the probable liability of such Person on   the sum of its debts and other liabilities, including contingent liabilities,   (c) such Person has not, does not intend to, and does not believe (nor should   it reasonably believe) that it will, incur debts or liabilities beyond such   Person’s ability to pay such debts and liabilities as they become due   (whether at maturity or otherwise), (d) such Person does not have   unreasonably small capital with which to conduct the businesses in which it   is engaged as such businesses are now conducted (and reflected in the   projections delivered to the Administrative Agent and the Lenders) and are   proposed to be conducted following the Closing Date and (e) such Person is   “solvent” within the meaning given to that term and similar terms under the   Bankruptcy Code of the United States and applicable laws relating to   fraudulent transfers and conveyances. The amount of contingent liabilities at   any time shall be computed as the amount that, in the light of all the facts   and circumstances existing at such time, represents the amount that can   reasonably be expected to become an actual or matured liability. “SPC” has   the meaning specified in Section 10.06(g). “Specified Default” means a   Default under clauses (a), (f) or (g) of Section 8.01. “Specified   Transaction” means, with respect to any period, any Investment, Disposition,   incurrence or repayment of Indebtedness, Restricted Payment, Subsidiary   designation, merger, amalgamation, consolidation, Incremental Term Loan or   Revolving Commitment Increase that by the terms of this Agreement requires   “Pro Forma Compliance” with a test or covenant hereunder or requires such   test or covenant to be calculated on a “Pro Forma Basis”. “Squeeze-Out” means   any procedure under the Act for the compulsory acquisition by Bidco of any   minority shareholders in the Target whether initiated by Bidco or any   minority shareholder in the Target. “Squeeze-Out Date” means the first date (if   any) on which Bidco shall be entitled pursuant to the Offer to apply the   Squeeze-Out procedures in respect of those Target Shares that have not been   assented to the Offer. “Squeeze-Out Settlement Date” means the date on which   the cash consideration is paid to Target shareholders in relation to the   Squeeze-Out. 59 1002217597 1001820109v3 

    

 

“Stock   Buy-Back” means the purchase by the Borrower of approximately 428,676,471   shares of the capital stock of the Borrower via the purchase of Amber   Holding, which will hold such stock on or prior to the Closing Date, pursuant   to the Stock Purchase Agreement. “Stock Purchase Agreement” means, the Stock   Purchase Agreement, dated as of July 25, 2013, by and among the Borrower,   ASAC II LP, an exempted limited partnership organized under the laws of the   Cayman Islands and Vivendi, S. A. “Subordinated Indebtedness” means: (a) any   Indebtedness of the Borrower which is by its terms subordinated in right of   payment to Senior Indebtedness, and (b) any Indebtedness of any Guarantor   which is by its terms subordinated in right of payment to the Guarantee of   such entity of Senior Indebtedness. “Subordinated Indebtedness Documentation”   means any documentation governing any Subordinated Indebtedness. “Subsidiary”   means, with respect to any Person: (a) any corporation, association, or other   business entity (other than a partnership, joint venture, limited liability   company or similar entity but including any Irish incorporated limited   liability company) of which more than 50% of the total voting power of shares   of Capital Stock entitled (without regard to the occurrence of any   contingency) to vote in the election of directors, managers or trustees   thereof is at the time of determination owned or controlled, directly or   indirectly, by such Person or one or more of the other Subsidiaries of that   Person or a combination thereof; and (b) any partnership, joint venture,   limited liability company (other than an Irish incorporated limited liability   company) or similar entity of which (A) more than 50% of the capital   accounts, distribution rights, total equity and voting interests or general   or limited partnership interests, as applicable, are owned or controlled,   directly or indirectly, by such Person or one or more of the other   Subsidiaries of that Person or a combination thereof whether in the form of   membership, general, special or limited partnership or otherwise, and (B)   such Person or any Restricted Subsidiary of such Person is a controlling   general partner or otherwise controls such entity. “Successor Company” has   the meaning specified in Section 7.03(d). “Survey” means a survey of any Real   Property subject to a Mortgage (and all improvements thereon) which is (a)   (i) prepared by a surveyor or engineer licensed to perform 60 1002217597   1001820109v3 

    

 

surveys in the   jurisdiction where such Real Property is located, (ii) dated (or redated) not   earlier than six months prior to the date of delivery thereof unless there   shall have occurred within six months prior to such date of delivery any   exterior construction on the site of such Real Property or any easement, right   of way or other interest in the Real Property has been granted or become   effective through operation of law or otherwise with respect to such Real   Property which, in either case, can be depicted on a survey, in which events,   as applicable, such survey shall be dated (or redated) after the completion   of such construction or if such construction shall not have been completed as   of such date of delivery, not earlier than 30 days prior to such date of   delivery, or after the grant or effectiveness of any such easement, right of   way or other interest in the subject Real Property, (iii) certified by the   surveyor (in a manner reasonably acceptable to the Administrative Agent) to   the Administrative Agent, the Collateral Agent and the title company, (iv)   complying in all material respects with the minimum detail requirements of   the American Land Title Association as such requirements are in effect on the   date of preparation of such survey and (v) sufficient for the title company   to issue a Title Policy or (b) otherwise reasonably acceptable to the   Collateral Agent. “Swap” means any agreement, contract or transaction that   constitutes a “swap” within the meaning of section 1a(47) of the Commodity   Exchange Act. “Swap Contract” means (a) any and all rate swap transactions,   basis swaps, credit derivative transactions, forward rate transactions,   commodity swaps, commodity options, forward commodity contracts, equity or   equity index swaps or options, bond or bond price or bond index swaps or   options or forward bond or forward bond price or forward bond index   transactions, interest rate options, forward foreign exchange transactions,   cap transactions, floor transactions, collar transactions, currency swap   transactions, cross-currency rate swap transactions, currency options, spot   contracts, or any other similar transactions or any combination of any of the   foregoing (including any options to enter into any of the foregoing), whether   or not any such transaction is governed by or subject to any master   agreement, and (b) any and all transactions of any kind, and the related   confirmations, which are subject to the terms and conditions of, or governed   by, any form of master agreement published by the International Swaps and   Derivatives Association, Inc., any International Foreign Exchange Master   Agreement, or any other master agreement (any such master agreement, together   with any related schedules, a “Master Agreement”), including any such   obligations or liabilities under any Master Agreement. “Swap Obligation”   means, with respect to any Guarantor, any obligation to pay or perform under   any Swap. “Swing Line Borrowing” means a borrowing of a Swing Line Loan   pursuant to Section 2.04. “Swing Line Facility” means the swing line loan   facility made available by the Swing Line Lenders pursuant to Section 2.04.   “Swing Line Lender” means Bank of America, in its capacity as provider of   Swing Line Loans or any successor or additional swing line lender hereunder.   61 1002217597 1001820109v3 

    

 

“Swing Line   Loan” has the meaning specified in Section 2.04(a). “Swing Line Loan Notice”   means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which,   if in writing, shall be substantially in the form of Exhibit B hereto or such   other form as approved by the Administrative Agent (including any form on an   electronic platform or electronic transmission system as shall be approved by   the Administrative Agent), appropriately completed and signed by a   Responsible Officer of the Borrower. “Swing Line Note” means a promissory note   of the Borrower payable to any Swing Line Lender or its registered assigns,   in substantially the form of Exhibit C-3 hereto, evidencing the aggregate   Indebtedness of the Borrower to such Swing Line Lender resulting from the   Swing Line Loans. “Swing Line Obligations” means, as at any date of   determination, the aggregate principal amount of all Swing Line Loans   outstanding. “Swing Line Sublimit” means an amount equal to the lesser of (a)   $25,000,000 and (b) the aggregate amount of the Revolving Credit Commitments.   The Swing Line Sublimit is part of, and not in addition to, the Revolving   Credit Commitments. “Syndication Agent” means J.P. Morgan Securities LLC, as   syndication agent. “Takeover Panel” means the Irish Takeover Panel. “Takeover   Rules” means the Irish Takeover Panel Act 1997 and the Takeover Rules 2013 of   Ireland, as amended and in force from time to time. “Target” means King   Digital Entertainment plc, a public limited company incorporated in Ireland.   “Target Shares” means the issued shares in the capital of the Target   (including any shares of the Target issued prior to completion of the 2015   Acquisition) to the extent not cancelled as part of the Scheme, if the 2015   Acquisition proceeds by way of a Scheme, other than the Euro Deferred Shares   (as defined in the 2015 Transaction Agreement). “Taxes” means any present or   future taxes, duties, levies, imposts, deductions, assessments, fees,   withholdings or similar charges imposed by any Governmental Authority,   including any interest, additions to tax and penalties applicable thereto.   “Term Borrowing” means an Initial Term Borrowing or a Tranche A Term   Borrowing, as the context may require.a borrowing consisting of simultaneous   Term Loans of the same Type and currency and, in the case of Eurodollar Rate   Loans, having the same Interest Period made by each of the Term Lenders.   “Term Commitment” means, as to each Term Lender, its obligation to make an   Initial Term Loan, an Original Tranche A Term Loan and an Additional Tranche   Aa Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate   amount not to exceed the amount set forth opposite such Lender’s name on   Schedule 1.01A under the caption “Initial Term 62 1002217597 1001820109v3 

    

 

Commitment,”   “Original Tranche A Term Commitment” or “Additional Tranche A Term   Commitment,” as applicable, or in the Assignment and Assumption pursuant to   which such Term Lender becomes a party hereto, as applicable, as such amount   may be adjusted from time to time in accordance with this Agreement (including   Section 2.14). The initial aggregate amount of (I) the Initial Term   Commitment is $2,500,000,000, (II) the Original Tranche A Term Commitment is   $2,300,000,000 and (III) the Additional Tranche A Term Commitment is   $250,000,000Commitments is $2,875,000,000. “Term Facility” has the meaning   set forth in the definition of “Facility.” “Term Lender” means, at any time,   any Lender that has a Term Commitment or a Term Loan at such time. “Term   Loan” means a Loan made pursuant to Section 2.01(a). “Term Loan B Standstill   Period” has the meaning specified in Section 8.01(b). “Term Note” means a   promissory note of the Borrower payable to any Initial Term Lender or Tranche   A Term Lender, as applicable, or its registered assigns, in substantially the   form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the   Borrower to such Initial Term Lender or Tranche A Term Lender, as applicable   resulting from the Initial Term Loans or the Tranche A Term Loans, as   applicable, made by such Initial Term Lender or Tranche A Term Lender, as   applicable. “Term Pro Rata Extension Offers” has the meaning specified in   Section 2.16(a). “Test Period” means, for any date of determination under   this Agreement, the four consecutive fiscal quarters of the Borrower then   last ended. “Third Amendment” means the Third Amendment, dated as of December   14, 2015, by and among the Borrower, the other Loan Parties, the   Administrative Agent, and the Lenders party thereto. “Third Amendment   Effective Date” means the date on which the conditions of Section 1.5(a) of   the Third Amendment are satisfied. “Threshold Amount” means $100,000,000 150,000,000.   “Title Policy” means a policy of title insurance (or marked-up title   insurance commitment having the effect of a policy of title insurance) insuring   the Lien of a Mortgage as a valid first mortgage Lien on the mortgaged   property and fixtures described therein in the amount equal to not less than   the fair market value of such mortgaged property and fixtures, issued by a   title company reasonably acceptable to the Collateral Agent which shall (A)   to the extent necessary, include such reinsurance arrangements (with   provisions for direct access, if necessary) as shall be reasonably acceptable   to the Collateral Agent, (B) contain a “tie-in” or “cluster” endorsement, if   available under applicable law (i.e., policies which insure against losses   regardless of location or allocated value of the insured property up to a   stated maximum coverage amount), (C) have been supplemented by such   endorsements as shall be reasonably 63 1002217597 1001820109v3 

    

 

requested by   the Collateral Agent (including endorsements on matters relating to usury,   first loss, last dollar, zoning, contiguity, revolving credit, doing   business, non-imputation, public road access, survey, variable rate,   environmental lien, subdivision, mortgage recording tax, separate tax lot,   revolving credit and so-called comprehensive coverage over covenants and   restrictions), and (D) contain no exceptions to title other than Liens   permitted hereunder. “Total Assets” means total assets of the Borrower and   its Restricted Subsidiaries on a consolidated basis, shown on the most recent   balance sheet of the Borrower and its Restricted Subsidiaries as may be   expressly stated without giving effect to any amortization of the amount of   intangible assets since the Closing Date, with such pro forma adjustments as   are appropriate and consistent with the pro forma adjustment provisions set   forth in Section 1.08. “Total Outstandings” means the aggregate Outstanding   Amount of all Loans and all L/C Obligations. “Tranche A Term Borrowing” means   the Original Tranche A Term Borrowing and the Additional Tranche A Term   Borrowing. “Tranche A Term Commitment” means the Original Tranche A Term   Commitment and the Additional Tranche A Term Commitment. “Tranche A Term   Facility” has the meaning specified in the definition of “Facility.” “Tranche   A Term Lenders” means the Original Tranche A Term Lenders and the Additional   Tranche A Term Lenders. “Tranche A Term Loans” means the Original Tranche A   Term Loans and the Additional Tranche A Term Loans. “Transaction” means,   collectively (i) the Stock Buy-Back, (ii) the issuance of the Senior Notes,   (iii) the funding of the Loans on the Closing Date and the execution and   delivery of Loan Documents to be entered into on the Closing Date and (iv)   the payment of Transaction Expenses. “Transaction Expenses” means any fees or   expenses incurred or paid by the Borrower (or any direct or indirect parent   of the Borrower) or any of its (or their) Subsidiaries in connection with the   Transaction (including expenses in connection with hedging transactions),   this Agreement and the other Loan Documents and the transactions contemplated   hereby and thereby. “Transferred Guarantor” has the meaning specified in   Section 11.09. “Treasury Capital Stock” has the meaning set forth in Section   7.05(b)(2). “Treasury Services Agreement” means any agreement between any   Loan Party and any Hedge Bank relating to commercial credit or debit card,   merchant card, or purchasing card programs (including non-card e-payables services),   or treasury, depository, or cash management services (including automatic   clearing house transfer of funds, overdraft, 64 1002217597 1001820109v3 

    

 

controlled   disbursement, electronic funds transfer, lockbox, stop payment, return item   and wire transfer services). “Type” means, with respect to a Loan, its   character as a Base Rate Loan or a Eurodollar Rate Loan. “U.S. Lender” means   any Lender that is a “United States person” as defined in Section 7701(a)(30)   of the Code. “Uniform Commercial Code” or “UCC” means the Uniform Commercial   Code as the same may from time to time be in effect in the State of New York   or the Uniform Commercial Code (or similar code or statute) of another   applicable jurisdiction, to the extent it may be required to apply to any   item or items of Collateral. “United States” and “U.S.” mean the United   States of America. “United States Tax Compliance Certificate” has the meaning   set forth in Section 3.01(d). “Unreimbursed Amount” has the meaning set forth   in Section 2.03(c)(i). “Unrestricted Subsidiary” means: (a) any Subsidiary of   the Borrower which at the time of determination is an Unrestricted Subsidiary   (as designated by the Borrower, pursuant to Section 6.14); and (b) any   Subsidiary of an Unrestricted Subsidiary. “USA Patriot Act” has the meaning   specified in Section 5.15. “Voting Stock” of any Person as of any date means   the Capital Stock of such Person that is at the time entitled to vote in the   election of the board of directors of such Person. “Weighted Average Life to   Maturity” means, when applied to any Indebtedness, Disqualified Stock or   Preferred Stock, as the case may be, at any date, the quotient obtained by   dividing (1) the sum of the products of the number of years from the date of   determination to the date of each successive scheduled principal payment of   such Indebtedness or redemption or similar payment with respect to such   Disqualified Stock or Preferred Stock multiplied by the amount of such   payment; by (2) the sum of all such payments; provided that for purposes of   determining the Weighted Average Life to Maturity of any Refinanced Debt, any   Refinanced Debt (as defined in the definition of Refinancing Indebtedness) or   any Indebtedness that is being modified, refinanced, refunded, renewed, replaced   or extended (the “Applicable Indebtedness”), the effects of any amortization   or prepayments made on such Applicable Indebtedness prior to the date of the   applicable modification, refinancing, refunding, renewal, replacement or   extension shall be disregarded. 65 1002217597 1001820109v3 

    

 

“Wholly-Owned   Subsidiary” of any Person means a Subsidiary of such Person, 100% of the   outstanding Equity Interests of which (other than directors’ qualifying   shares and shares required to be held by foreign nationals) shall at the time   be owned by such Person or by one or more Wholly-Owned Subsidiaries of such   Person. “Withholding Agent” means any Loan Party, the Administrative Agent   and, in the case of any U.S. federal withholding Tax, any other applicable   withholding agent. “Write-Down and Conversion Powers” means, with respect to   any EEA Resolution Authority, the write-down and conversion powers of such   EEA Resolution Authority from time to time under the Bail-In Legislation for   the applicable EEA Member Country, which write-down and conversion powers are   described in the EU Bail-In Legislation Schedule. Section 1.02 Other   Interpretive Provisions. With reference to this Agreement and each other Loan   Document, unless otherwise specified herein or in such other Loan Document:   (a) The meanings of defined terms are equally applicable to the singular and   plural forms of the defined terms. (b) The words “herein,” “hereto,” “hereof”   and “hereunder” and words of similar import when used in any Loan Document shall   refer to such Loan Document as a whole and not to any particular provision   thereof. (c) Article, Section, Exhibit and Schedule references are to the   Loan Document in which such reference appears. (d) The term “including” is by   way of example and not limitation. (e) The term “documents” includes any and   all instruments, documents, agreements, certificates, notices, reports,   financial statements and other writings, however evidenced, whether in   physical or electronic form. (f) In the computation of periods of time from a   specified date to a later specified date, the word “from” means “from and   including;” the words “to” and “until” each mean “to but excluding;” and the   word “through” means “to and including.” (g) Section headings herein and in   the other Loan Documents are included for convenience of reference only and   shall not affect the interpretation of this Agreement or any other Loan   Document. Section 1.03 Accounting Terms. (a) All accounting terms not   specifically or completely defined herein shall be construed in conformity   with, and all financial data (including financial ratios and other 66   1002217597 1001820109v3 

    

 

financial   calculations) required to be submitted pursuant to this Agreement shall be   prepared in conformity with, GAAP, except as otherwise specifically   prescribed herein. (b) Notwithstanding anything to the contrary herein, for   purposes of this Agreement (including, without limitation, in determining   compliance with any test or covenant contained herein) with respect to any   period during which any Specified Transaction occurs, the Fixed Charge   Coverage Ratio and the Consolidated Secured Total Net Debt Ratio shall be   calculated with respect to such period and such Specified Transaction on a   Pro Forma Basis. Section 1.04 Rounding. Any financial ratios required to be   maintained by the Borrower pursuant to this Agreement (or required to be   satisfied in order for a specific action to be permitted under this   Agreement) shall be calculated by dividing the appropriate component by the   other component, carrying the result to one place more than the number of   places by which such ratio is expressed herein and rounding the result up or   down to the nearest number (with a rounding up if there is no nearest   number). Section 1.05 References to Agreements, Laws, Etc. Unless otherwise   expressly provided herein, (a) references to Organization Documents,   agreements (including the Loan Documents) and other contractual instruments   shall be deemed to include all subsequent amendments, restatements,   extensions, supplements and other modifications thereto, but only to the   extent that such amendments, restatements, extensions, supplements and other   modifications are permitted by the Loan Documents; and (b) references to any   Law shall include all statutory and regulatory provisions consolidating,   amending, replacing, supplementing or interpreting such Law. Section 1.06 Times   of Day. Unless otherwise specified, all references herein to times of day   shall be references to Eastern time (daylight or standard, as applicable).   Section 1.07 Timing of Payment of Performance. When the payment of any   obligation or the performance of any covenant, duty or obligation is stated   to be due or performance required on a day which is not a Business Day, the   date of such payment (other than as described in the definition of Interest   Period) or performance shall extend to the immediately succeeding Business   Day. Section 1.08 Pro Forma and Other Calculations. (a) Notwithstanding   anything to the contrary herein, financial ratios and tests, including the   Consolidated Secured Debt Ratio, the Consolidated Total Net Debt Ratio and   the Fixed Charge Coverage Ratio, shall be calculated in the manner prescribed   by this Section 1.08; provided, that notwithstanding anything to the contrary   in clauses clause (b), (c), (d) or (e) of this Section 1.08, when calculating   the Consolidated Secured Debt Ratio or the Consolidated Total Net Debt Ratio   for purposes of (i) the definition of “Applicable Rate,” (ii) 67 1002217597   1001820109v3 

    

 

and (iii)   Section 7.11 (other than for the purpose of determining pro forma compliance   with Section 7.11), the events described in this Section 1.08 that occurred   subsequent to the end of the applicable Test Period shall not be given pro   forma effect. (b) In the event that the Borrower or any of its Restricted   Subsidiaries incurs, assumes, guarantees, redeems, retires or extinguishes   any Indebtedness (other than, for purposes of calculating Consolidated EBITDA   only, Indebtedness incurred under any revolving credit facility unless such   Indebtedness has been permanently repaid and has not been replaced) or issues   or redeems Disqualified Stock or Preferred Stock subsequent to the   commencement of the Test Period for which the Consolidated Secured Total Net   Debt Ratio or the Fixed Charge Coverage Ratio, as applicable, is being   calculated but prior to or simultaneously with the event for which the   calculation of the applicable ratio is made (the “Ratio Calculation Date”),   then the applicable ratio shall be calculated giving pro forma effect to such   incurrence, assumption, guarantee, redemption, retirement or extinguishment   of Indebtedness, or such issuance or redemption of Disqualified Stock or   Preferred Stock, as if the same had occurred at the beginning of the   applicable Test Period; provided, however, that, for purposes of any pro   forma calculation of the Fixed Charge Coverage Ratio on such determination   date pursuant to the provisions described in Section 7.02(a), the pro forma   calculation shall not give effect to any Indebtedness incurred on such   determination date pursuant to the provisions described under Section   7.02(b).. (c) For purposes of making the computation referred to above,   Investments, acquisitions, dispositions, mergers, amalgamations and   consolidations (as determined in accordance with GAAP), in each case with   respect to a business (as such term is used in Regulation S-X Rule 11-01   under the Securities Act), a company, a segment, an operating division or   unit or line of business that the Borrower or any of its Restricted   Subsidiaries has determined to make and/or made during the Test Period or   subsequent to such Test Period and on or prior to or simultaneously with the   Ratio Calculation Date shall be calculated on a pro forma basis in accordance   with GAAP (except as set forth in the last sentence of clause (d) below)   assuming that all such Investments, acquisitions, dispositions, mergers,   amalgamations and consolidations (and the change in any associated fixed   charge obligations and the change in Consolidated EBITDA resulting therefrom)   had occurred on the first day of the Test Period. If since the beginning of   such Test Period any Person that subsequently became a Restricted Subsidiary   or was merged with or into the Borrower or any of its Restricted Subsidiaries   since the beginning of such Test Period shall have made any Investment,   acquisition, disposition, merger, amalgamation and consolidation, in each   case with respect to a business (as such term is used in Regulation S-X Rule   11-01 under the Securities Act), a company, a segment, an operating division   or unit or line of business that would have required adjustment pursuant to   this Section 1.08, then the applicable ratio shall be calculated giving pro   forma effect thereto for such Test Period as if such Investment, acquisition,   disposition, merger and consolidation had occurred at the beginning of the   applicable Test Period. (d) For purposes of making the computation referred   to above, whenever pro forma effect is to be given to a transaction, the pro   forma calculations shall be made in good faith by a responsible financial or   accounting officer of the Borrower. If any Indebtedness bears a floating rate   of interest and is being given pro forma effect, the interest on such Indebtedness   shall be calculated as if the rate in effect on the Ratio Calculation Date   had been the 68 1002217597 1001820109v3 

    

 

applicable rate   for the entire Test Period (taking into account any Hedging Obligations   applicable to such Indebtedness). Interest on a Capitalized Lease Obligation   shall be deemed to accrue at an interest rate reasonably determined by a   responsible financial or accounting officer of the Borrower to be the rate of   interest implicit in such Capitalized Lease Obligation in accordance with   GAAP. For purposes of making the computation referred to above, interest on   any Indebtedness under a revolving credit facility computed on a pro forma   basis shall be computed based upon the average daily balance of such   Indebtedness during the applicable Test Period except as set forth in clause   (b) of this Section 1.08. Interest on Indebtedness that may optionally be   determined at an interest rate based upon a factor of a prime or similar   rate, a eurocurrency interbank offered rate, or other rate, shall be deemed   to have been based upon the rate actually chosen, or, if none, then based   upon such optional rate chosen as the Borrower may designate. Any such pro   forma calculation may include adjustments appropriate, in the reasonable determination   of the Borrower as set forth in an officer’s certificate, to reflect (1)   reasonably identifiable and factually supportable operating expense   reductions and other operating improvements or synergies reasonably expected   to result from any action taken or expected to be taken within six fiscal   quarters after the date of any acquisition, amalgamation or merger   (including, to the extent applicable, from the Transaction); and (2) any   adjustment of the nature used in connection with the calculation of “Adjusted   EBITDA” as set forth in footnotes (b) to the “Summary Historical and Pro   forma Financial Information” under “Summary” in the Notes Offering Memorandum   to the extent any such adjustment, without duplication, continues to be   applicable to such Test Period. (e) For purposes of calculation of the Fixed   Charge Coverage Ratio, any amount in a currency other than U.S. dollars will   be converted to U.S. dollars based on the average exchange rate for such   currency for the most recent twelve month period immediately prior to the   date of determination determined in a manner consistent with that used in   calculating Consolidated EBITDA for the applicable Test Period. (f) If any   Indebtedness, Disqualified Stock or Preferred Stock is Incurred to refinance   Indebtedness, Disqualified Stock or Preferred Stock initially incurred (or,   to refinance Indebtedness, Disqualified Stock or Preferred Stock incurred to   refinance Indebtedness, Disqualified Stock or Preferred Stock initially   incurred) in reliance on any provision of Section 7.02(b) measured by   reference to a percentage of Total Assets at the time of incurrence, and such   refinancing would cause such percentage of Total Assets to be exceeded if   calculated based on the Total Assets on the date of such refinancing, such percentage   of Total Assets shall not be deemed to be exceeded (and such refinancing   Indebtedness, Disqualified Stock or Preferred Stock shall be deemed   permitted) so long as the principal amount of such refinancing Indebtedness,   Disqualified Stock or Preferred Stock does not exceed an amount equal to the   principal amount of such Indebtedness, Disqualified Stock or Preferred Stock   being refinanced, plus the aggregate amount of fees, underwriting discounts,   premiums and other costs and expenses (including accrued and unpaid interest)   incurred or payable in connection with such refinancing. (g) If any Liens   securing Indebtedness or other obligations are incurred to refinance Liens   securing Indebtedness or other obligations initially incurred (or, to   refinance Liens incurred to refinance Liens initially incurred) in reliance   on a basket measured by reference to a percentage of Total Assets at the time   of incurrence of such Indebtedness or other 69 1002217597 1001820109v3 

    

 

obligations,   and is refinanced by any Indebtedness or other obligation secured by any Lien   incurred by reference to such category of Permitted Liens, and such   refinancing would cause the percentage of Total Assets to be exceeded if   calculated based on the Total Assets on the date of such refinancing, such   percentage of Total Assets shall not be deemed to be exceeded (and such   refinancing Lien shall be deemed permitted) so long as the principal amount   of such refinancing Indebtedness or other obligations does not exceed an amount   equal to the principal amount of such Indebtedness or other obligations being   refinanced, plus the aggregate amount of fees, underwriting discounts,   premiums and other costs and expenses (including accrued and unpaid interest)   incurred or payable in connection with such refinancing. Section 1.09 Letter   of Credit Amounts. Unless otherwise specified herein, the amount of a Letter   of Credit at any time shall be deemed to be the stated amount of such Letter   of Credit in effect at such time; provided, however, that with respect to any   Letter of Credit that, by its terms or the terms of any Issuer Document   related thereto, provides for one or more automatic increases in the stated   amount thereof, the amount of such Letter of Credit shall be deemed to be the   maximum stated amount of such Letter of Credit after giving effect to all   such increases, whether or not such maximum stated amount is in effect at   such time. ARTICLE II. The Commitments and Credit Extensions Section 2.01 The   Loans. (a) The Term Borrowings. Subject to the terms and conditions set forth   herein, (I) each Initial Term Lender severally agrees to make to the Borrower   on a pro rata basis on the Closing Date Loans denominated in Dollars in an   aggregate amount not to exceed at any time outstanding the amount of such   Initial Term Lender’s Initial Term Commitment, (II) each Original Tranche A   Term Lender severally agrees to make to the Borrower on a pro rata basis up   to two times during the Certain Funds Period Loans denominated in Dollars in   an aggregate amount not to exceed at any time outstanding the amount of such   Original Tranche A Term Lender’s Original Tranche A Term Commitment and (III)   each Additional Tranche A Term Lender severally agrees to make to the   Borrower on a pro rata basis on the Fourth 2016 Refinancing Amendment   Effective Date Loans denominated in Dollars in an aggregate amount not to   exceed at any time outstanding the amount of such Additional Tranche A Term   Lender’s Additional Tranche A Term Commitment. Amounts borrowed under this Section   2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base   Rate Loans or Eurodollar Rate Loans, as further provided herein. (b) The   Revolving Credit Borrowings. Subject to the terms and conditions set forth   herein, each Revolving Credit Lender severally agrees to make Revolving   Credit Loans denominated in Dollars pursuant to Section 2.02 to the Borrower   from its applicable Lending Office (each such loan, a “Revolving Credit   Loan”) from time to time, on any Business Day until the Maturity Date for the   Revolving Credit Facility, in an aggregate principal amount not to exceed at   any time outstanding the amount of such Lender’s Revolving Credit Commitment;   provided that after giving effect to any Revolving Credit Borrowing, the 70   1002217597 1001820109v3 

    

 

aggregate   Outstanding Amount of the Revolving Credit Loans of any Lender, plus such   Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations,   plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line   Loans, shall not exceed such Lender’s Revolving Credit Commitment. Within the   limits of each Lender’s Revolving Credit Commitment, and subject to the other   terms and conditions hereof, the Borrower may borrow under this Section   2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b).   Revolving Credit Loans may be Base Rate Loans or Eurodollar Rate Loans, as   further provided herein. Section 2.02 Borrowings, Conversions and   Continuations of Loans. (a) Each Term Borrowing, each Revolving Credit   Borrowing, each conversion of Term Loans or Revolving Credit Loans from one   Type to the other, and each continuation of Eurodollar Rate Loans shall be   made upon the Borrower’s irrevocable notice to the Administrative Agent,   which may be given by (A) telephone or (B) other a Committed Loan Notice;   provided that any telephonic notice must be confirmed immediately by delivery   to the Administrative Agent of a written Committed Loan Notice, appropriately   completed and signed by a Responsible Officer of the Borrower. Each such   notice, except any such notice with respect to Certain Funds Credit   Extensions, must be received by the Administrative Agent not later than (A)   2:00 p.m. (i) three (3) Business Days prior to the requested date of any Borrowing   of, or conversion to or continuation of Eurodollar Rate Loans or any   conversion of Base Rate Loans to, Eurodollar Rate Loans, and (ii) one (1)   Business Day before the requested date of any Borrowing of, or conversion to,   Base Rate Loans. Each such notice with respect to Certain Funds Credit   Extensions must be received by the Administrative Agent by 1:00 p.m. or (B)   in the case of any Borrowing on the 2016 Refinancing Amendment Effective   Date, (i) 2:00 p.m. two (2) Business Days prior to the requested date of such   Borrowing of Eurodollar Rate Loans, and (ii) 1:00 pm on the requested date of   any such Borrowing of Base Rate Loans (or, in each case of clauses (A) and   (B), such later time as may be agreed by the Administrative Agent in its sole   discretion). Each telephonic notice by the Borrower pursuant to this Section   2.02(a) must be confirmed promptly by delivery to the Administrative Agent of   a written Committed Loan Notice, appropriately completed and signed by a   Responsible Officer of the Borrower. Except as provided in Section 2.14(a),   each Borrowing of, conversion to or continuation of Eurodollar Rate Loans   shall be in a minimum principal amount of $5,000,000, or a whole multiple of   $1,000,000, in excess thereof. Except as provided in Section 2.03(c),   2.04(c), 2.14(a) or the last sentence of this paragraph, each Borrowing of or   conversion to Base Rate Loans shall be in a minimum principal amount of   $1,000,000 or a whole multiple of $500,000 in excess thereof. Each Committed   Loan Notice (whether telephonic or written) shall specify (i) whether the   Borrower is requesting an Initial Term Borrowing, a Tranche A a Term   Borrowing, a Revolving Credit Borrowing, a conversion of Initial Term Loans,   Tranche A Term Loans or Revolving Credit Loans from one Type to the other, or   a continuation of Eurodollar Rate Loans, (ii) the requested date of the   Borrowing, conversion or continuation, as the case may be (which shall be a   Business Day), (iii) the principal amount of Loans to be borrowed, converted   or continued, (iv) the Type of Loans to be borrowed or to which existing   Initial Term Loans, Tranche A Term Loans or Revolving Credit Loans are to be   converted, and (v) if applicable, the duration of the Interest Period with   respect thereto. If the Borrower fails to specify a Type of Loan in a   Committed Loan Notice or fails to give a timely notice requesting a   conversion or continuation, then the applicable 71 1002217597 1001820109v3 

    

 

Term Loans or   Revolving Credit Loans shall be made as, or converted to, Base Rate Loans.   Any such automatic conversion to Base Rate Loans shall be effective as of the   last day of the Interest Period then in effect with respect to the applicable   Eurodollar Rate Loans. If the Borrower requests a Borrowing of, conversion   to, or continuation of Eurodollar Rate Loans in any such Committed Loan   Notice, but fails to specify an Interest Period, it will be deemed to have   specified an Interest Period of one (1) month. (b) Following receipt of a   Committed Loan Notice, the Administrative Agent shall promptly notify each   Appropriate Lender of the amount of its Pro Rata Share of the applicable   Class of Loans, and if no timely notice of a conversion or continuation is provided   by the Borrower, the Administrative Agent shall notify each Appropriate   Lender of the details of any automatic conversion to Base Rate Loans or   continuation described in Section 2.02(a). In the case of each Borrowing   (except in the case of any Certain Funds Credit Extension), each Appropriate   Lender shall make the amount of its applicable Loan available to the   Administrative Agent in Same Day Funds at the Administrative Agent’s Office   not later than 1:00 p.m. on the Business Day specified in the applicable   Committed Loan Notice. In the case of each Certain Funds Credit Extension,   each Appropriate Lender shall make the amount of its applicable Loan   available to the Administrative Agent in Same Day Funds at the Administrative   Agent’s Office not later than 3:00 p.m. on the Business Day specified in the   applicable Committed Loan Notice. Upon satisfaction of the applicable   conditions set forth in Section 4.02(a) (and, if such Borrowing is the   initial Credit Extension, Section 4.01), the Administrative Agent shall make   all funds so received available to the Borrower in like funds as received by   the Administrative Agent either by (i) crediting the account of the Borrower   on the books of Bank of America with the amount of such funds or (ii) wire   transfer of such funds, in each case in accordance with instructions provided   to (and reasonably acceptable to) the Administrative Agent by the Borrower;   provided that if, on the date the Committed Loan Notice with respect to such   Borrowing is given by the Borrower, there are Swing Line Loans or L/C   Borrowings outstanding, then the proceeds of such Borrowing shall be applied,   first, to the payment in full of any such L/C Borrowing, second, to the   payment in full of any such Swing Line Loans, and third, to the Borrower as provided   above. Notwithstanding anything herein to the contrary, (i) following receipt   of a Committed Loan Notice with respect to the Additional Tranche A Term   Borrowing, the Administrative Agent shall promptly notify each Additional   Tranche A Term Lender, and not, for the avoidance of doubt, any other Lender,   of the amount of its Pro Rata Share (based on the Additional Tranche A Term   Commitments) of the Additional Tranche A Term Loans and (ii) Additional   Tranche A Term Loans shall be made by the Additional Tranche A Term Lenders   and not, for the avoidance of doubt, any other Lenders. (c) Except as   otherwise provided herein, a Eurodollar Rate Loan may be continued or   converted only on the last day of an Interest Period for such Eurodollar Rate   Loan unless the Borrower pays the amount due, if any, under Section 3.05 in   connection therewith. During the existence of an Event of Default, the   Administrative Agent or the Required Lenders may require that no Loans may be   converted to or continued as Eurodollar Rate Loans. (d) The Administrative   Agent shall promptly notify the Borrower and the Lenders of the interest rate   applicable to any Interest Period for Eurodollar Rate Loans upon   determination of such interest rate. The determination of the Eurodollar Rate   by the 72 1002217597 1001820109v3 

    

 

Administrative   Agent shall be conclusive in the absence of manifest error. At any time that   Base Rate Loans are outstanding, the Administrative Agent shall notify the   Borrower and the Lenders of any change in the Bank of America prime rate used   in determining the Base Rate promptly following the public announcement of   such change. (e) After giving effect to all Term Borrowings, all Revolving   Credit Borrowings, all conversions of Term Loans or Revolving Credit Loans   from one Type to the other, and all continuations of Term Loans or Revolving   Credit Loans as the same Type, there shall not be more than twelve (12)   Interest Periods in effect. (f) The failure of any Lender to make the Loan to   be made by it as part of any Borrowing shall not relieve any other Lender of   its obligation, if any, hereunder to make its Loan on the date of such   Borrowing, but no Lender shall be responsible for the failure of any other   Lender to make the Loan to be made by such other Lender on the date of any   Borrowing. Section 2.03 Letters of Credit. (a) The Letter of Credit   Commitment. (i) Subject to the terms and conditions set forth herein, (A)   each L/C Issuer agrees, in reliance upon the agreements of the other   Revolving Credit Lenders set forth in this Section 2.03, (1) from time to   time on any Business Day during the period from the Closing Date until the   Letter of Credit Expiration Date, to issue Letters of Credit denominated in   Dollars for the account of the Borrower (provided, that any Letter of Credit   may be for the benefit of any Subsidiary of the Borrower) and to amend or   renew Letters of Credit previously issued by it, in accordance with Section   2.03(b), and (2) to honor drafts under the Letters of Credit and (B) the   Revolving Credit Lenders severally agree to participate in Letters of Credit   issued pursuant to this Section 2.03; provided that no L/C Issuer shall be   obligated to make any L/C Credit Extension with respect to any Letter of   Credit, and no Lender shall be obligated to participate in any Letter of   Credit if as of the date of such L/C Credit Extension, (x) the Revolving   Credit Exposure of any Revolving Credit Lender would exceed such Lender’s   Revolving Credit Commitment or (y) the Outstanding Amount of the L/C Obligations   would exceed the Letter of Credit Sublimit. Within the foregoing limits, and   subject to the terms and conditions hereof, the Borrower’s ability to obtain   Letters of Credit shall be fully revolving, and accordingly the Borrower may,   during the foregoing period, obtain Letters of Credit to replace Letters of   Credit that have expired or that have been drawn upon and reimbursed. (ii) An   L/C Issuer shall be under no obligation to issue any Letter of Credit if: (A)   any order, judgment or decree of any Governmental Authority or arbitrator   shall by its terms purport to enjoin or restrain the L/C Issuer from issuing   the Letter of Credit, or any Law applicable to the L/C Issuer or any request   or directive (whether or not having the force of law) from any Governmental   Authority with jurisdiction over the L/C Issuer shall prohibit, or request   that the L/C Issuer refrain from, the issuance of letters of credit generally   or the Letter of Credit in particular or shall impose upon the L/C 73   1002217597 1001820109v3 

    

 

Issuer with   respect to the Letter of Credit any restriction, reserve or capital   requirement (for which the L/C Issuer is not otherwise compensated hereunder)   not in effect on the Closing Date, or shall impose upon the L/C Issuer any unreimbursed   loss, cost or expense which was not applicable on the Closing Date and which   the L/C Issuer in good faith deems material to it; (B) subject to Section   2.03(b)(iii), the expiry date of such requested Letter of Credit would occur   more than twelve months after the date of issuance or last renewal, unless   (1) each Appropriate Lender has approved of such expiration date or (2) the   Outstanding Amount of L/C Obligations in respect of such requested Letter of   Credit has been Cash Collateralized or back-stopped by a letter of credit   reasonably satisfactory to the applicable L/C Issuer;the Required Lenders   have approved such expiry date; (C) the expiry date of such requested Letter   of Credit would occur after the Letter of Credit Expiration Date, unless (1)   each Appropriate Lender has approved of such expiration date or (2) the   Outstanding Amount of L/C Obligations in respect of such requested Letter of   Credit has been Cash Collateralized or back-stopped by a letter of credit   reasonably satisfactory to the applicable L/C Issuer; (D) the issuance of   such Letter of Credit would violate any Laws binding upon such L/C Issuer;   (E) except as otherwise agreed by the Administrative Agent and the L/C   Issuer, the Letter of Credit is in an initial stated amount less than   $100,000, in the case of a standby Letter of Credit; (F) the issuance of the   Letter of Credit would violate one or more policies of the L/C Issuer   applicable to letters of credit generally; (G) Dollars; or the Letter of   Credit is to be denominated in a currency other than (H) any Revolving Credit   Lender is at that time a Defaulting Lender, unless the L/C Issuer has entered   into arrangements, including the delivery of Cash Collateral, satisfactory to   the L/C Issuer (in its sole discretion) with the Borrower or such Lender to   eliminate the L/C Issuer’s actual or potential Fronting Exposure (after   giving effect to Section 2.17(a)) with respect to the Defaulting Lender   arising from either the Letter of Credit then proposed to be issued or that   Letter of Credit and all other L/C Obligations as to which the L/C Issuer has   actual or potential Fronting Exposure, as it may elect in its sole   discretion. (iii) An L/C Issuer shall be under no obligation to amend any   Letter of Credit if (A) such L/C Issuer would have no obligation at such time   to issue such Letter of Credit in its amended form under the terms hereof, or   (B) the beneficiary of such Letter of Credit does not accept the proposed   amendment to such Letter of Credit. 74 1002217597 1001820109v3 

    

 

(iv) The L/C   Issuer shall act on behalf of the Revolving Credit Lenders with respect to   any Letters of Credit issued by it and the documents associated therewith,   and the L/C Issuer shall have all of the benefits and immunities (A) provided   to the Administrative Agent in Article IX with respect to any acts taken or   omissions suffered by the L/C Issuer in connection with Letters of Credit   issued by it or proposed to be issued by it and Issuer Documents pertaining   to such Letters of Credit as fully as if the term “Administrative Agent” as   used in Article IX included the L/C Issuer with respect to such acts or   omissions, and (B) as additionally provided herein with respect to the L/C   Issuer. (b) Procedures for Issuance and Amendment of Letters of Credit;   Auto-Extension Letters of Credit. (i) Each Letter of Credit shall be issued   or amended, as the case may be, upon the request of the Borrower delivered to   an L/C Issuer (with a copy to the Administrative Agent) in the form of a   Letter of Credit Application, appropriately completed and signed by a   Responsible Officer of the Borrower. Such Letter of Credit Application must   be received by the relevant L/C Issuer and the Administrative Agent not later   than 2:00 p.m. at least two (2) Business Days prior to the proposed issuance   date or date of amendment, as the case may be; or, in each case, such later   date and time as the relevant L/C Issuer may agree in a particular instance   in its sole discretion. In the case of a request for an initial issuance of a   Letter of Credit, such Letter of Credit Application shall specify in form and   detail reasonably satisfactory to the relevant L/C Issuer: (a) the proposed   issuance date of the requested Letter of Credit (which shall be a Business   Day); (b) the amount thereof; (c) the expiry date thereof; (d) the name and   address of the beneficiary thereof; and (e) such other matters as the   relevant L/C Issuer may reasonably request. In the case of a request for an   amendment of any outstanding Letter of Credit, such Letter of Credit   Application shall specify in form and detail reasonably satisfactory to the   relevant L/C Issuer (1) the Letter of Credit to be amended; (2) the proposed   date of amendment thereof (which shall be a Business Day); (3) the nature of   the proposed amendment; and (4) such other matters as the relevant L/C Issuer   may reasonably request. Additionally, the Borrower shall furnish to the L/C   Issuer and the Administrative Agent such other documents and information   pertaining to such requested Letter of Credit issuance or amendment,   including any Issuer Documents, as the L/C Issuer or the Administrative Agent   may reasonably require. (ii) Promptly after receipt of any Letter of Credit   Application, the relevant L/C Issuer will confirm with the Administrative Agent   (by telephone or in writing) that the Administrative Agent has received a   copy of such Letter of Credit Application from the Borrower and, if not, such   L/C Issuer will provide the Administrative Agent with a copy thereof. Unless   the relevant L/C Issuer has received written notice from any Revolving Credit   Lender, the Administrative Agent or any Loan Party, at least one Business Day   prior to the requested date of issuance or amendment of the applicable Letter   of Credit, that one or more applicable conditions contained in Article IV   shall not then be satisfied, then, subject to the terms and conditions   hereof, the relevant L/C Issuer shall, on the requested date, issue a Letter   of Credit for the account of the Borrower or enter into the applicable amendment,   as the case may be, in each case in accordance with the relevant L/C Issuer’s   usual and customary business practices. Immediately upon the issuance of each   Letter of Credit, each Revolving Credit Lender 75 1002217597 1001820109v3 

    

 

shall be deemed   to, and hereby irrevocably and unconditionally agrees to, purchase from the   relevant L/C Issuer a risk participation in such Letter of Credit in an   amount equal to the product of such Lender’s Pro Rata Share times the amount   of such Letter of Credit. (iii) If the Borrower so requests in any applicable   Letter of Credit Application, the relevant L/C Issuer may, in its discretion,   agree to issue a Letter of Credit that has automatic extension provisions   (each, an “Auto-Extension Letter of Credit”); provided that any such   Auto-Extension Letter of Credit must permit the relevant L/C Issuer to   prevent any such extension at least once in each twelve month period   (commencing with the date of issuance of such Letter of Credit) by giving   prior notice to the beneficiary thereof not later than a day (the   “Non-Extension Notice Date”) in each such twelve month period to be agreed   upon at the time such Letter of Credit is issued. Unless otherwise directed   by the relevant L/C Issuer, the Borrower shall not be required to make a   specific request to the relevant L/C Issuer for any such extension. Once an   Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed   to have authorized (but may not require) the relevant L/C Issuer to permit   the extension of such Letter of Credit at any time to an expiry date not   later than the Letter of Credit Expiration Date; provided that the relevant   L/C Issuer shall not permit any such extension if (A) the relevant L/C Issuer   has determined that it would have no obligation at such time to issue such   Letter of Credit in its extended form under the terms hereof (by reason of   the provisions of Section 2.03(a)(ii) or otherwise), or (B) it has received   notice (which may be by telephone or in writing) on or before the day that is   five (5) Business Days before the Non-Extension Notice Date from the   Administrative Agent, any Revolving Credit Lender or the Borrower that one or   more of the applicable conditions specified in Section 4.02(a) is not then   satisfied. (iv) Promptly after its delivery of any Letter of Credit or any   amendment to a Letter of Credit to an advising bank with respect thereto or   to the beneficiary thereof, the relevant L/C Issuer will also deliver to the   Borrower and the Administrative Agent a true and complete copy of such Letter   of Credit or amendment. (c) Drawings and Reimbursements; Funding of   Participations. (i) Upon receipt from the beneficiary of any Letter of Credit   of any notice of a drawing under such Letter of Credit, the relevant L/C   Issuer shall notify promptly the Borrower and the Administrative Agent   thereof. Not later than 2:00 p.m. on the Business Day immediately following   any payment by an L/C Issuer under a Letter of Credit with notice to the   Borrower (each such date, an “Honor Date”), the Borrower shall reimburse such   L/C Issuer through the Administrative Agent in an amount equal to the amount   of such drawing. If the Borrower fails to so reimburse such L/C Issuer by   such time, the Administrative Agent shall promptly notify each Revolving   Credit Lender of the Honor Date, the amount of the unreimbursed drawing (the   “Unreimbursed Amount”), and the amount of such Revolving Credit Lender’s Pro   Rata Share thereof. In such event, the Borrower shall be deemed to have   requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on   the Honor Date in an amount equal to the Unreimbursed Amount, without regard   to the minimum and multiples specified in Section 2.02 for the principal   amount of Base Rate Loans but subject to the amount of the unutilized portion   of the Revolving Credit Commitments of the Revolving 76 1002217597   1001820109v3 

    

 

Credit Lenders   and the conditions set forth in Section 4.02 (a) (other than the delivery of   a Committed Loan Notice). Any notice given by an L/C Issuer or the   Administrative Agent pursuant to this Section 2.03(c)(i) may be given by   telephone if immediately confirmed in writing; provided that the lack of such   an immediate confirmation shall not affect the conclusiveness or binding   effect of such notice. (ii) Each Revolving Credit Lender shall upon any   notice pursuant to Section 2.03(c)(i) make funds available (and the   Administrative Agent may apply Cash Collateral provided for this purpose) for   the account of the relevant L/C Issuer at the Administrative Agent’s Office   for payments in an amount equal to its Pro Rata Share of the Unreimbursed   Amount not later than 4:00 p.m. on the Business Day specified in such notice   by the Administrative Agent, whereupon, subject to the provisions of Section   2.03(c)(iii), each Revolving Credit Lender that so makes funds available   shall be deemed to have made a Base Rate Loan to the Borrower in such amount.   The Administrative Agent shall remit the funds so received to the relevant   L/C Issuer. (iii) With respect to any Unreimbursed Amount that is not fully   refinanced by a Revolving Credit Borrowing of Base Rate Loans because the   conditions set forth in Section 4.02(a) cannot be satisfied or for any other   reason, the Borrower shall be deemed to have incurred from the relevant L/C   Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not   so refinanced, which L/C Borrowing shall be due and payable on demand   (together with interest) and shall bear interest at the Default Rate. In such   event, each Revolving Credit Lender’s payment to the Administrative Agent for   the account of the relevant L/C Issuer pursuant to Section 2.03(c)(ii) shall   be deemed payment in respect of its participation in such L/C Borrowing and   shall constitute an L/C Advance from such Lender in satisfaction of its   participation obligation under this Section 2.03. (iv) Until each Revolving   Credit Lender funds its Revolving Credit Loan or L/C Advance pursuant to this   Section 2.03(c) to reimburse the relevant L/C Issuer for any amount drawn   under any Letter of Credit, interest in respect of such Lender’s Pro Rata   Share of such amount shall be solely for the account of the relevant L/C   Issuer. (v) Each Revolving Credit Lender’s obligation to make Revolving   Credit Loans or L/C Advances to reimburse an L/C Issuer for amounts drawn   under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute   and unconditional and shall not be affected by any circumstance, including   (A) any setoff, counterclaim, recoupment, defense or other right which such   Lender may have against the relevant L/C Issuer, the Borrower or any other   Person for any reason whatsoever; (B) the occurrence or continuance of a   Default, or (C) any other occurrence, event or condition, whether or not   similar to any of the foregoing; provided that each Revolving Credit Lender’s   obligation to make Revolving Credit Loans pursuant to this Section 2.03(c) is   subject to the conditions set forth in Section 4.02 (a) (other than delivery   by the Borrower of a Committed Loan Notice ). No such making of an L/C   Advance shall relieve or otherwise impair the obligation of the Borrower to   reimburse the relevant L/C Issuer for the amount of any payment made by such   L/C Issuer under any Letter of Credit, together with interest as provided   herein. 77 1002217597 1001820109v3 

    

 

(vi) If any   Revolving Credit Lender fails to make available to the Administrative Agent   for the account of the relevant L/C Issuer any amount required to be paid by   such Lender pursuant to the foregoing provisions of this Section 2.03(c) by   the time specified in Section 2.03(c)(ii), then, without limiting the other   provisions of this agreement, such L/C Issuer shall be entitled to recover   from such Lender (acting through the Administrative Agent), on demand, such   amount with interest thereon for the period from the date such payment is   required to the date on which such payment is immediately available to such   L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate   and a rate determined by the L/C Issuer in accordance with banking industry   rules on interbank compensation, plus any administrative, processing or   similar fees customarily charged by the L/C Issuer in connection with the   foregoing. If such Lender pays such amount (with interest and fees as   aforesaid), the amount so paid shall constitute such Lender’s Loan included   in the relevant Borrowing or L/C Advance in respect of the relevant L/C   Borrowing, as the case may be. A certificate of the relevant L/C Issuer   submitted to any Revolving Credit Lender (through the Administrative Agent)   with respect to any amounts owing under this Section 2.03(c)(vi) shall be   conclusive absent manifest error. (d) Repayment of Participations. (i) If, at   any time after an L/C Issuer has made a payment under any Letter of Credit   and has received from any Revolving Credit Lender such Lender’s L/C Advance   in respect of such payment in accordance with Section 2.03(c), the   Administrative Agent receives for the account of such L/C Issuer any payment   in respect of the related Unreimbursed Amount or interest thereon (whether   directly from the Borrower or otherwise, including proceeds of Cash   Collateral applied thereto by the Administrative Agent), the Administrative   Agent will distribute to such Lender its Pro Rata Share thereof   (appropriately adjusted, in the case of interest payments, to reflect the   period of time during which such Lender’s L/C Advance was outstanding) in the   same funds as those received by the Administrative Agent. (ii) If any payment   received by the Administrative Agent for the account of an L/C Issuer   pursuant to Section 2.03(c)(i) is required to be returned under any of the   circumstances described in Section 10.05 (including pursuant to any   settlement entered into by such L/C Issuer in its discretion), each Revolving   Credit Lender shall pay to the Administrative Agent for the account of such   L/C Issuer its Pro Rata Share thereof on demand of the Administrative Agent,   plus interest thereon from the date of such demand to the date such amount is   returned by such Lender, at a rate per annum equal to the applicable Federal   Funds Rate from time to time in effect. The obligations of the Lenders under   this clause shall survive the payment in full of the Obligations and the   termination of this Agreement. (e) Obligations Absolute. The obligation of   the Borrower to reimburse the relevant L/C Issuer for each drawing under each   Letter of Credit issued by it and to repay each L/C Borrowing shall be   absolute, unconditional and irrevocable, and shall be paid strictly in   accordance with the terms of this Agreement under all circumstances,   including the following: 78 1002217597 1001820109v3 

    

 

(i) any lack of   validity or enforceability of such Letter of Credit, this Agreement, or any   other agreement or instrument relating thereto; (ii) the existence of any   claim, counterclaim, setoff, defense or other right that any Loan Party may   have at any time against any beneficiary or any transferee of such Letter of   Credit (or any Person for whom any such beneficiary or any such transferee   may be acting), the relevant L/C Issuer or any other Person, whether in   connection with this Agreement, the transactions contemplated hereby or by   such Letter of Credit or any agreement or instrument relating thereto, or any   unrelated transaction; (iii) any draft, demand, certificate or other document   presented under such Letter of Credit proving to be forged, fraudulent,   invalid or insufficient in any respect or any statement therein being untrue   or inaccurate in any respect; (iv) any payment by the relevant L/C Issuer   under such Letter of Credit against presentation of a draft or certificate   that does not strictly comply with the terms of such Letter of Credit; or any   payment made by the relevant L/C Issuer under such Letter of Credit to any   Person purporting to be a trustee in bankruptcy, debtor-in-possession,   assignee for the benefit of creditors, liquidator, receiver or other   representative of or successor to any beneficiary or any transferee of such   Letter of Credit, including any arising in connection with any proceeding   under any Debtor Relief Law; or (v) any other circumstance or happening   whatsoever, whether or not similar to any of the foregoing, including any   other circumstance that might otherwise constitute a defense available to, or   a discharge of, any Loan Party. The Borrower shall promptly examine a copy of   each Letter of Credit and each amendment thereto that is delivered to it and,   in the event of any claim of noncompliance with the Borrower’s instructions   or other irregularity, the Borrower will immediately notify the L/C Issuer.   The Borrower shall be conclusively deemed to have waived any such claim   against the L/C Issuer and its correspondents unless such notice is given as   aforesaid. (f) Role of L/C Issuers. Each Lender and the Borrower agree that,   in paying any drawing under a Letter of Credit, the relevant L/C Issuer shall   not have any responsibility to obtain any document (other than any sight   draft, certificates and documents expressly required by the Letter of Credit)   or to ascertain or inquire as to the validity or accuracy of any such   document or the authority of the Person executing or delivering any such   document. None of the L/C Issuers, any Related Parties nor any of the   respective correspondents, participants or assignees of any L/C Issuer shall   be liable to any Lender for (i) any action taken or omitted in connection   herewith at the request or with the approval of the Lenders or the Lenders   holding a majority of the Revolving Credit Commitments, as applicable; (ii)   any action taken or omitted in the absence of bad faith, gross negligence or   willful misconduct; or (iii) the due execution, effectiveness, validity or   enforceability of any document or instrument related to any Letter of Credit   or Letter of Credit Application. The Borrower hereby assumes all risks of the   acts or omissions of any beneficiary or transferee with respect to its use of   any Letter of 79 1002217597 1001820109v3 

    

 

Credit;   provided that this assumption is not intended to, and shall not, preclude the   Borrower’s pursuing such rights and remedies as it may have against the   beneficiary or transferee at law or under any other agreement. None of the   L/C Issuers, any Related Parties, nor any of the respective correspondents,   participants or assignees of any L/C Issuer, shall be liable or responsible   for any of the matters described in clauses (i) through (v) of Section   2.03(e); provided that anything in such clauses to the contrary   notwithstanding, the Borrower may have a claim against an L/C Issuer, and   such L/C Issuer may be liable to the Borrower, to the extent, but only to the   extent, of any direct, as opposed to consequential or exemplary, damages   suffered by the Borrower which the Borrower proves were caused by such L/C   Issuer’s bad faith, willful misconduct or gross negligence or such L/C   Issuer’s willful or grossly negligent failure to pay under any Letter of   Credit after the presentation to it by the beneficiary of a sight draft and   certificate(s) strictly complying with the terms and conditions of a Letter   of Credit. In furtherance and not in limitation of the foregoing, each L/C   Issuer may accept documents that appear on their face to be in order, without   responsibility for further investigation, and no L/C Issuer shall be   responsible for the validity or sufficiency of any instrument transferring or   assigning or purporting to transfer or assign a Letter of Credit or the   rights or benefits thereunder or proceeds thereof, in whole or in part, which   may prove to be invalid or ineffective for any reason. Notwithstanding   anything to the contrary contained in this Section 2.03(f), the Borrower   shall retain any and all rights it may have against any L/C Issuer for any   liability arising out of the bad faith, gross negligence or willful   misconduct of such L/C Issuer, as determined by a final judgment of a court   of competent jurisdiction. (g) Cash Collateral. (i) If an L/C Issuer has   honored any full or partial drawing request under any Letter of Credit and   such drawing has resulted in an L/C Borrowing and the conditions set forth in   Section 4.02(a) to a Revolving Credit Borrowing cannot then be met, (ii) if,   as of the Letter of Credit Expiration Date, any Letter of Credit may for any   reason remain outstanding and partially or wholly undrawn (and arrangements   that are reasonably satisfactory to the applicable L/C Issuer have not   otherwise been made), (iii) if any Event of Default occurs and is continuing   and the Administrative Agent or the Lenders holding a majority of the   Revolving Credit Commitments, as applicable, require the Borrower to Cash   Collateralize the L/C Obligations pursuant to Section 8.02, (iv) if, after   the issuance of any Letter of Credit, any Lender becomes a Defaulting Lender   or (v) if an Event of Default set forth under Section 8.01(f) occurs and is   continuing, then the Borrower shall Cash Collateralize (A) the then   Outstanding Amount of all L/C Obligations (in an amount equal to such   Outstanding Amount determined as of the date of such L/C Borrowing or the   Letter of Credit Expiration Date, as the case may be) or (B) in the case of   clause (iv) above, the L/C Issuer’s Fronting Exposure with respect to the   then Outstanding Amount of all L/C Obligations (determined as of the date   such Lender becomes a Defaulting Lender), and shall do so not later than 4:00   p.m., on (x) in the case of the immediately preceding clauses (i) through   (iv), (1) the Business Day that the Borrower receives notice thereof, if such   notice is received on such day prior to 12:00 Noon, or (2) if clause (1)   above does not apply, the Business Day immediately following the day that the   Borrower receives such notice and (y) in the case of the immediately   preceding clause (v), the Business Day on which an Event of Default set forth   under Section 8.01(f) occurs or, if such day is not a Business Day, the   Business Day immediately succeeding such day. For purposes hereof, “Cash   Collateralize” means to pledge and deposit with or deliver to the   Administrative Agent, for the benefit of the relevant L/C Issuer and the   Lenders, as collateral for the L/C Obligations, cash or deposit 80 1002217597   1001820109v3 

    

 

account   balances (“Cash Collateral”) pursuant to documentation in form and substance   reasonably satisfactory to the Administrative Agent and the relevant L/C   Issuer (which documents are hereby consented to by the Lenders). Derivatives   of such term have corresponding meanings. The Borrower hereby grants to the   Administrative Agent, for the benefit of the L/C Issuers and the Lenders, a   security interest in all such cash, deposit accounts and all balances therein   and all proceeds of the foregoing. Cash Collateral shall be maintained in   blocked accounts at the Administrative Agent and may be invested in readily   available Cash Equivalents. If at any time the Administrative Agent   determines that any funds held as Cash Collateral are subject to any right or   claim of any Person other than the Administrative Agent (on behalf of the   SecuredLender Parties) or that the total amount of such funds is less than   the aggregate Outstanding Amount of all L/C Obligations, the Borrower will,   forthwith upon demand by the Administrative Agent, pay to the Administrative   Agent, as additional funds to be deposited and held in the deposit accounts   at the Administrative Agent as aforesaid, an amount equal to the excess of   (a) such aggregate Outstanding Amount over (b) the total amount of funds, if   any, then held as Cash Collateral that the Administrative Agent reasonably   determines to be free and clear of any such right and claim. Upon the drawing   of any Letter of Credit for which funds are on deposit as Cash Collateral,   such funds shall be applied, to the extent permitted under applicable Law, to   reimburse the relevant L/C Issuer. To the extent the amount of any Cash   Collateral exceeds the then Outstanding Amount of such L/C Obligations and so   long as no Event of Default has occurred and is continuing, the excess shall   be refunded to the Borrower. (h) Letter of Credit Fees. The Borrower shall   pay to the Administrative Agent for the account of each Revolving Credit   Lender in accordance with its Pro Rata Share a Letter of Credit fee for each   Letter of Credit issued pursuant to this Agreement to the Borrower equal to   the Applicable Rate times the daily maximum amount then available to be drawn   under such Letter of Credit (whether or not such maximum amount is then in   effect under such Letter of Credit if such maximum amount increases   periodically pursuant to the terms of such Letter of Credit). Such letter of   credit fees shall be computed on a quarterly basis in arrears. For purposes   of computing the daily amount available to be drawn under any Letter of   Credit, the amount of such Letter of Credit shall be determined in accordance   with Section 1.09. Such letter of credit fees shall be due and payable in   U.S. Dollars on the first Business Day after the end of each March, June,   September and December, commencing with the first such date to occur after   the issuance of such Letter of Credit, on the Letter of Credit Expiration   Date and thereafter on demand. If there is any change in the Applicable Rate   during any quarter, the daily maximum amount of each Letter of Credit shall   be computed and multiplied by the Applicable Rate separately for each period   during such quarter that such Applicable Rate was in effect. (i) Fronting Fee   and Documentary and Processing Charges Payable to L/C Issuers. The Borrower   shall pay directly to each L/C Issuer for its own account a fronting fee with   respect to each Letter of Credit issued by it to the Borrower equal to 0.125%   per annum of the daily maximum amount then available to be drawn under such   Letter of Credit (whether or not such maximum amount is then in effect under   such Letter of Credit if such maximum amount increases periodically pursuant   to the terms of such Letter of Credit). Such fronting fees shall be computed   on a quarterly basis in arrears. For purposes of computing the daily amount   available to be drawn under any Letter of Credit, the amount of such Letter   of Credit 81 1002217597 1001820109v3 

    

 

shall be   determined in accordance with Section 1.09. Such fronting fees shall be due   and payable on the first Business Day after the end of each March, June,   September and December, commencing with the first such date to occur after   the issuance of such Letter of Credit, on the Letter of Credit Expiration   Date and thereafter on demand. In addition, the Borrower shall pay directly   to each L/C Issuer for its own account with respect to each Letter of Credit   issued to the Borrower the customary issuance, presentation, amendment and   other processing fees, and other standard costs and charges, of such L/C   Issuer relating to letters of credit as from time to time in effect. Such   customary fees and standard costs and charges are due and payable within ten   (10) Business Days of demand and are nonrefundable. (j) Conflict with Issuer   Documents. Notwithstanding anything else to the contrary in this Agreement,   in the event of any conflict between the terms hereof and the terms of any   Issuer Document, the terms hereof shall control. (k) Addition of an L/C   Issuer. A Revolving Credit Lender may become an additional L/C Issuer   hereunder pursuant to a written agreement among the Borrower, the   Administrative Agent and such Revolving Credit Lender. The Administrative   Agent shall notify the Revolving Credit Lenders of any such additional L/C   Issuer. (l) Applicability of ISP; Limitation of Liability. Unless otherwise   expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit   is issued, the rules of the ISP shall apply to each standby Letter of Credit.   Notwithstanding the foregoing, the L/C Issuer shall not be responsible to the   Borrower for, and the L/C Issuer’s rights and remedies against the Borrower   shall not be impaired by, any action or inaction of the L/C Issuer required   or permitted under any law, order, or practice that is required or permitted to   be applied to any Letter of Credit or this Agreement, including the Law or   any order of a jurisdiction where the L/C Issuer or the beneficiary is   located, the practice stated in the ISP, or in the decisions, opinions,   practice statements, or official commentary of the ICC Banking Commission,   the Bankers Association for Finance and Trade - International Financial   Services Association (BAFT-IFSA), or the Institute of International Banking   Law & Practice, whether or not any Letter of Credit chooses such law or   practice. (m) Letters of Credit Issued for Subsidiaries. Notwithstanding that   a Letter of Credit issued or outstanding hereunder is in support of any   obligations of, or is for the account of, a Subsidiary, the Borrower shall be   obligated to reimburse the L/C Issuer hereunder for any and all drawings   under such Letter of Credit. The Borrower hereby acknowledges that the   issuance of Letters of Credit for the account of Subsidiaries inures to the   benefit of the Borrower, and that the Borrower’s business derives substantial   benefits from the businesses of such Subsidiaries. (n) Reporting of Letter of   Credit Information. At any time that any Revolving Credit Lender other than   the Person serving as the Administrative Agent is an L/C Issuer, then (i) on   the last Business Day of each calendar month, (ii) on each date that a Letter   of Credit is amended, terminated or otherwise expires, (iii) on each date   than an L/C Credit Extension occurs with respect to any Letter of Credit, and   (iv) upon the request of the Administrative Agent, each L/C Issuer (or, in   the case of part (ii), (iii) or (iv), the applicable L/C Issuer) shall   deliver to the Administrative Agent a report setting forth in form and detail   reasonably 82 1002217597 1001820109v3 

    

 

satisfactory to   the Administrative Agent information (including, without limitation, any   reimbursement, Cash Collateral, or termination in respect of Letters of   Credit issued by such L/C Issuer) with respect to each Letter of Credit   issued by such L/C Issuer that is outstanding hereunder, including any   auto-renewal or termination of auto-renewal provisions in such Letter of   Credit. No failure on the part of any L/C Issuer to provide such information   pursuant to this Section 2.03(n) shall limit the obligation of the Borrower   or any Revolving Credit Lender hereunder with respect to its reimbursement   and participation obligations, respectively, pursuant to this Section 2.03.   Section 2.04 Swing Line Loans. (a) The Swing Line. Subject to the terms and   conditions set forth herein, Bank of America in its capacity as Swing Line   Lender, in reliance upon the agreements of the other Lenders set forth in   this Section 2.04, may in its sole discretion, make loans to the Borrower   (each such loan, a “Swing Line Loan”) from time to time on any Business Day   (other than the Closing Date) until the Maturity Date for the Revolving   Credit Facility in an aggregate amount not to exceed at any time the amount   of the Swing Line Sublimit, notwithstanding the fact that such Swing Line   Loans, when aggregated with the Pro Rata Share of the Outstanding Amount of   Revolving Credit Loans and L/C Obligations of the Lender acting as Swing Line   Lender, may exceed the amount of such Swing Line Lender’s Revolving Credit   Commitment; provided that, after giving effect to any Swing Line Loan, (i)   the Revolving Credit Exposure shall not exceed the aggregate Revolving Credit   Commitment and (ii) the aggregate Outstanding Amount of the Revolving Credit   Loans of any Lender (other than the relevant Swing Line Lender), plus such   Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations,   plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line   Loans shall not exceed such Lender’s Revolving Credit Commitment then in   effect; provided further that Borrower shall not use the proceeds of any   Swing Line Loan to refinance any outstanding Swing Line Loan; provided,   further, that the Swing Line Lender shall be under no obligation to make   Swing Line Loans at any time if any Lender is at such time a Defaulting   Lender hereunder, unless such Defaulting Lender’s participation in the Swing   Line Loan would be reallocated, in full, to Non-Defaulting Lenders in   accordance with Section 2.17(a). Within the foregoing limits, and subject to   the other terms and conditions hereof, the Borrower may borrow under this   Section 2.04, prepay under Section 2.05, and reborrow under this Section   2.04. Each Swing Line Loan shall be a Base Rate Loan. Immediately upon the   making of a Swing Line Loan, each Revolving Credit Lender shall be deemed to,   and hereby irrevocably and unconditionally agrees to, purchase from the Swing   Line Lender a risk participation in such Swing Line Loan in an amount equal   to the product of such Lender’s Pro Rata Share times the amount of such Swing   Line Loan. (b) Borrowing Procedures. Each Swing Line Borrowing shall be made   upon the Borrower’s irrevocable notice to the Swing Line Lender and the   Administrative Agent, which may be given by (A) telephone or (B) by other   Swing Line Loan Notice; provided that any telephonic notice must be confirmed   promptly by delivery to the Swing Line Lender and the Administrative Agent of   a written Swing Line Loan Notice, appropriately completed and signed by a   Responsible Officer of the Borrower. Each such Swing Line Loan Notice must be   received by the relevant Swing Line Lender and the Administrative Agent not   later than 2:00 p.m. on the requested borrowing date, and shall specify (i)   the amount to be borrowed, which 83 1002217597 1001820109v3 

    

 

shall be a   minimum of $100,000 and (ii) the requested borrowing date, which shall be a   Business Day. Each such telephonic notice must be confirmed promptly by   delivery to the Swing Line Lender and the Administrative Agent of a written   Swing Line Loan Notice, appropriately completed and signed by a Responsible   Officer of the Borrower. Promptly after receipt by the relevant Swing Line   Lender of any Swing Line Loan Notice (by telephone or in writing), such Swing   Line Lender will confirm with the Administrative Agent (by telephone or in   writing) that the Administrative Agent has also received such Swing Line Loan   Notice and, if not, the Swing Line Lender will notify the Administrative   Agent (by telephone or in writing) of the contents thereof. Unless the relevant   Swing Line Lender has received notice (by telephone or in writing) from the   Administrative Agent (including at the request of any Revolving Credit   Lender) prior to 3:00 p.m. on the date of the proposed Swing Line Borrowing   (A) directing such Swing Line Lender not to make such Swing Line Loan as a   result of the limitations set forth in the first proviso to the first   sentence of Section 2.04(a), or (B) that one or more of the applicable   conditions specified in Section 4.02(a) is not then satisfied, then, subject   to the terms and conditions hereof, the relevant Swing Line Lender will, not   later than 4:00 p.m. on the borrowing date specified in such Swing Line Loan   Notice, make the amount of its Swing Line Loan available to the Borrower. (c)   Refinancing of Swing Line Loans. (A) The Swing Line Lender at any time in its   sole and absolute discretion may request, on behalf the Borrower (which   hereby irrevocably authorizes such Swing Line Lender to so request on its   behalf), that each Revolving Credit Lender make a Base Rate Loan in an amount   equal to such Lender’s Pro Rata Share of the amount of Swing Line Loans then   outstanding. Such request shall be made in writing (which written request   shall be deemed to be a Committed Loan Notice for purposes hereof) and in accordance   with the requirements of Section 2.02, without regard to the minimum and   multiples specified therein for the principal amount of Base Rate Loans, but   subject to the unutilized portion of the aggregate Revolving Credit   Commitments and the conditions set forth in Section 4.02(a). The relevant   Swing Line Lender shall furnish the Borrower with a copy of the applicable   Committed Loan Notice promptly after delivering such notice to the   Administrative Agent. Each Revolving Credit Lender shall make an amount equal   to its Pro Rata Share of the amount specified in such Committed Loan Notice   available to the Administrative Agent in Same Day Funds for the account of   the Swing Line Lender at the Administrative Agent’s Office not later than   4:00 p.m. on the day specified in such Committed Loan Notice, whereupon,   subject to Section 2.04(c)(ii), each Revolving Credit Lender that so makes   funds available shall be deemed to have made a Base Rate Loan, as applicable,   to the Borrower in such amount. The Administrative Agent shall remit the   funds so received to the Swing Line Lender. (i) If for any reason any Swing   Line Loan cannot be refinanced by such a Revolving Credit Borrowing in   accordance with this Section 2.04(c)(i), the request for Base Rate Loans   submitted by the relevant Swing Line Lender as set forth herein shall be   deemed to be a request by such Swing Line Lender that each of the Revolving   Credit Lenders fund its risk participation in the relevant Swing Line Loan   and each Revolving Credit Lender’s payment to the Administrative Agent for   the account of the Swing Line Lender pursuant to this Section 2.04(c)(i)   shall be deemed payment in respect of such participation. 84 1002217597   1001820109v3 

    

 

(ii) If any   Revolving Credit Lender fails to make available to the Administrative Agent   for the account of the Swing Line Lender any amount required to be paid by   the Lender pursuant to the foregoing provisions of this Section 2.04(c) by   the time specified in Section 2.04(c)(i), the Swing Line Lender shall be   entitled to recover from such Lender (acting through the Administrative   Agent), on demand, such amount with interest thereon for the period from the   date such payment is required to the date on which such payment is   immediately available to the Swing Line Lender at a rate per annum equal to   the applicable Federal Funds Rate from time to time in effect. A certificate   of the Swing Line Lender submitted to any Lender (through the Administrative   Agent) with respect to any amounts owing under this clause (ii) shall be   conclusive absent manifest error. (iii) Each Revolving Credit Lender’s   obligation to make Revolving Credit Loans or to purchase and fund risk   participations in Swing Line Loans pursuant to this Section 2.04(c) shall be   absolute and unconditional and shall not be affected by any circumstance,   including (A) any setoff, counterclaim, recoupment, defense or other right   which such Lender may have against the Swing Line Lender, the Borrower or any   other Person for any reason whatsoever, (B) the occurrence or continuance of   a Default, or (C) any other occurrence, event or condition, whether or not   similar to any of the foregoing; provided that each Revolving Credit Lender’s   obligation to make Revolving Credit Loans pursuant to this Section 2.04(c)   (but not to purchase and fund risk participations in Swing Line Loans) is   subject to the conditions set forth in Section 4.02(a). No such funding of   risk participations shall relieve or otherwise impair the obligation of the   Borrower to repay Swing Line Loans, together with interest as provided   herein. (d) Repayment of Participations. (i) At any time after any Revolving   Credit Lender has purchased and funded a risk participation in a Swing Line   Loan, if the relevant Swing Line Lender receives any payment on account of   such Swing Line Loan, such Swing Line Lender will distribute to such Lender   its Pro Rata Share of such payment (appropriately adjusted, in the case of   interest payments, to reflect the period of time during which such Lender’s   risk participation was funded) in the same funds as those received by such   Swing Line Lender. (ii) If any payment received by the Swing Line Lender in   respect of principal or interest on any Swing Line Loan is required to be returned   by the Swing Line Lender under any of the circumstances described in Section   10.05 (including pursuant to any settlement entered into by the Swing Line   Lender in its discretion), each Revolving Credit Lender shall pay to the   Swing Line Lender its Pro Rata Share thereof on demand of the Administrative   Agent, plus interest thereon from the date of such demand to the date such   amount is returned, at a rate per annum equal to the applicable Federal Funds   Rate. The Administrative Agent will make such demand upon the request of a   Swing Line Lender. (e) Interest for Account of Swing Line Lender. The Swing   Line Lender shall be responsible for invoicing the Borrower for interest on   the Swing Line Loans. Until each 85 1002217597 1001820109v3 

    

 

Revolving   Credit Lender funds its Base Rate Loan, Eurodollar Rate Loan or risk   participation pursuant to this Section 2.04 to refinance such Lender’s Pro   Rata Share of any Swing Line Loan, interest in respect of such Pro Rata Share   shall be solely for the account of the Swing Line Lender. (f) Payments   Directly to Swing Line Lender. The Borrower shall make all payments of   principal and interest in respect of the Swing Line Loans directly to the   Swing Line Lender. Section 2.05 Prepayments. (a) Optional. (i) The Borrower   may, upon notice to the Administrative Agent, at any time or from time to   time voluntarily prepay Term Loans and Revolving Credit Loans in whole or in   part without premium or penalty (except as provided in clause (iii) below);   provided that (1) such notice must be in a form reasonably acceptable to the   Administrative Agent and be received by the Administrative Agent not later   than 2:00 p.m. (A) three (3) Business Days prior to any date of prepayment of   Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Loans   (or, in each case of clauses (A) and (B), such later time as may be agreed by   the Administrative Agent in its sole discretion); (2) any prepayment of   Eurodollar Rate Loans shall be in a minimum principal amount of $5,000,000 or   a whole multiple of $1,000,000; and (3) any prepayment of Base Rate Loans   shall be in a minimum principal amount of $500,000 or a whole multiple of   $100,000 in excess thereof or, in each case, if less, the entire principal   amount thereof then outstanding. Each such notice shall specify the date and   amount of such prepayment and the Class(es) and Type(s) of Loans and the   order of Borrowing(s) to be prepaid. The Administrative Agent will promptly   notify each Appropriate Lender of its receipt of each such notice, and of the   amount of such Lender’s Pro Rata Share of such prepayment. If such notice is   given by the Borrower, the Borrower shall make such prepayment and the   payment amount specified in such notice shall be due and payable on the date   specified therein; provided that the Borrower may rescind any notice of   prepayment under this Section 2.05(a) if such prepayment would have resulted   from a refinancing or other repayment of all of the Facility or other   transaction, which refinancing or transaction shall not be consummated or   shall otherwise be delayed. Any prepayment of a Eurodollar Rate Loan shall be   accompanied by all accrued and unpaid interest thereon, together with any   additional amounts required pursuant to Section 3.05. In the case of each prepayment   of the Loans pursuant to this Section 2.05(a)(i), the Borrower may in its   sole discretion select the Borrowing or Borrowings (and the order of maturity   of principal payments) to be repaid, and such payment shall be paid to the   Appropriate Lenders in accordance with their respective Pro Rata Shares. (ii)   The Borrower may, upon notice to the Swing Line Lender (with a copy to the   Administrative Agent), at any time or from time to time, voluntarily prepay   Swing Line Loans in whole or in part without premium or penalty; provided   that (1) such notice must be received by the Swing Line Lender and the   Administrative Agent not later than 3:00 p.m. on the date of the prepayment,   and (2) any such prepayment shall be in a minimum principal amount of   $100,000 or a whole multiple of $100,000 in excess thereof or, if less, the   entire principal amount thereof then outstanding. Each such notice shall   specify the date and amount of such prepayment. If such notice is 86   1002217597 1001820109v3 

    

 

given by the   Borrower, the Borrower shall make such prepayment and the payment amount   specified in such notice shall be due and payable on the date specified   therein; provided that the Borrower may rescind any notice of prepayment   under this Section 2.05(a)(ii) if such prepayment would have resulted from a   refinancing of all of the Facility or other transaction, which refinancing or   transaction shall not be consummated or shall otherwise be delayed. (iii) In   the event that on or prior to the date that is six months following the   Closing Date, the Borrower (x) makes any prepayment of Initial Term Loans in   connection with any Repricing Transaction, or (y) effects any amendment of   this Agreement resulting in a Repricing Transaction, the Borrower shall pay   to the Administrative Agent, for the ratable account of each Initial Term   Lender, (I) in the case of clause (x), a prepayment premium of 1% of the   amount of the Initial Term Loans being prepaid and (II) in the case of clause   (y), a payment equal to 1% of the aggregate amount of the Initial Term Loans   outstanding immediately prior to such amendment that have been repriced. (b)   Mandatory. (i) If (1) the Borrower or any Restricted Subsidiary Disposes of   any property or assets (other than (x) any Disposition of any property or   assets permitted by Section 7.04 (excluding Section 7.04(o)) or (y) any   Disposition of equity interests of Amber Holding or acquisition of shares of   Capital Stock of the Borrower acquired in the Stock Buy-Back) or (2) any   Casualty Event occurs, which results in the realization or receipt by the   Borrower or Restricted Subsidiary of Net Proceeds in excess of $75,000,000,   the Borrower shall cause to be prepaid on or prior to the date which is ten   (10) Business Days after the date of the realization or receipt by the   Borrower or Restricted Subsidiary of such Net Proceeds an aggregate amount of   Term Loans in an amount equal to 100% of all Net Proceeds received; provided   that if at the time that any such prepayment would be required, the Borrowers   (or any Restricted Subsidiary) are required to offer to repurchase Permitted   Pari Passu Secured Refinancing Debt (or any Refinancing Indebtedness in   respect thereof that is secured on a pari passu basis with the Obligations)   pursuant to the terms of the documentation governing such Indebtedness with   the net proceeds of such Disposition or Casualty Event (such Permitted Pari   Passu Secured Refinancing Debt (or any Refinancing Indebtedness in respect   thereof) required to be offered to be so repurchased, “Other Applicable   Indebtedness”), then the Borrowers (or any Restricted Subsidiary) may apply   such Net Proceeds on a pro rata basis (determined on the basis of the   aggregate outstanding principal amount of the Term Loans and Other Applicable   Indebtedness at such time; provided that the portion of such net proceeds   allocated to the Other Applicable Indebtedness shall not exceed the amount of   such net proceeds required to be allocated to the Other Applicable   Indebtedness pursuant to the terms thereof, and the remaining amount, if any,   of such net proceeds shall be allocated to the Term Loans in accordance with   the terms hereof) to the prepayment of the Term Loans and to the repurchase   or prepayment of Other Applicable Indebtedness, and the amount of prepayment   of the Term Loans that would have otherwise been required pursuant to this   Section 2.05(b)(i) shall be reduced accordingly; provided, further, that to   the extent 87 1002217597 1001820109v3 

    

 

the holders of   Other Applicable Indebtedness decline to have such indebtedness repurchased   or prepaid, the declined amount shall promptly (and in any event within ten   (10) Business Days after the date of such rejection) be applied to prepay the   Term Loans in accordance with the terms hereof; provided, further, that no   prepayment shall be required pursuant to this Section 2.05(b)(i) with respect   to such portion of such Net Proceeds that the Borrower shall have reinvested   (or entered into a binding commitment to reinvest) in accordance with the   definition of “Net Proceeds.” (i) [Reserved]. (ii) If any Loan Party or any   Restricted Subsidiary of a Loan Party incurs or issues any Indebtedness after   the Closing Date (other than, in the case of the Borrower or any Restricted   Subsidiary, Indebtedness not prohibited under Section 7.02), including Credit   Agreement Refinancing Indebtedness, the Borrower shall cause to be prepaid an   aggregate amount of Term Loans in an amount equal to 100% of all Net Proceeds   received therefrom on or prior to the date which is five (5) Business Days   after the receipt by such Loan Party or Restricted Subsidiary of such Net   Proceeds. (iii) If for any reason the aggregate Revolving Credit   ExposuresExposure at any time exceeds the aggregate Revolving Credit   Commitments then in effect, the Borrower shall promptly prepay or cause to be   promptly prepaid Revolving Credit Loans and Swing Line Loans and/or Cash   Collateralize the L/C Obligations in an aggregate amount equal to such   excess; provided that the Borrower shall not be required to Cash Collateralize   the L/C Obligations pursuant to this Section 2.05(b)(iii) unless after the   prepayment in full of the Revolving Credit Loans and Swing Line Loans such   aggregate Outstanding Amount exceeds the aggregate Revolving Credit   Commitments then in effect. (iv) Each prepayment of Term Loans pursuant to   this Section 2.05(b) shall be applied in direct order of maturity to   repayments thereof required pursuant to Section 2.07(a); and each such   prepayment shall be paid to the Lenders in accordance with their respective   Pro Rata Shares (provided that any prepayment of Term Loans with the Net   Proceeds of Credit Agreement Refinancing Indebtedness shall be applied solely   to each applicable Class of Refinanced Debt), subject to clause (vii) of this   Section 2.05(b). (v) The Borrower shall notify the Administrative Agent in   writing of any mandatory prepayment of Term Loans required to be made   pursuant to clauses (i) through (iii) of this Section 2.05(b) at least three   (3) Business Days prior to the date of such prepayment. Each such notice   shall specify the date of such prepayment and provide a reasonably detailed   calculation of the amount of such prepayment. The Administrative Agent will   promptly notify each Appropriate Lender of the contents of the Borrower’s   prepayment notice and of such Appropriate Lender’s Pro Rata Share of the   prepayment. Each Term Lender may reject all or a portion of its Pro Rata   Share of any mandatory prepayment (such declined amounts, the “Declined   Proceeds”) of Term Loans required to be made pursuant to clauses (iii)   throughand (iii) of this Section 2.05(b) by providing written notice (each, a   “Rejection Notice”) to the Administrative 88 1002217597 1001820109v3 

    

 

Agent and the   Borrower no later than 5:00 p.m. one Business Day after the date of such   Lender’s receipt of notice from the Administrative Agent regarding such   prepayment. Each Rejection Notice from a given Lender shall specify the   principal amount of the mandatory repayment of Term Loans to be rejected by   such Lender. If a Term Lender fails to deliver a Rejection Notice to the   Administrative Agent within the time frame specified above or such Rejection   Notice fails to specify the principal amount of the Term Loans to be   rejected, any such failure will be deemed an acceptance of the total amount   of such mandatory prepayment of Term Loans. Any Declined Proceeds remaining   thereafter shall be retained by the Borrower to the extent permitted by the   Senior Notes Indenture. (vi) Funding Losses, Etc. All prepayments under this   Section 2.05 shall be made together with, in the case of any such prepayment   of a Eurodollar Rate Loan on a date other than the last day of an Interest   Period therefor, any amounts owing in respect of such Eurodollar Rate Loan   pursuant to Section 3.05. Notwithstanding any of the other provisions of this   Section 2.05(b), so long as no Event of Default shall have occurred and be   continuing, if any prepayment of Eurodollar Rate Loans is required to be made   under this Section 2.05(b), other than on the last day of the Interest Period   therefor, the Borrower may, in its sole discretion, deposit the amount of any   such prepayment otherwise required to be made thereunder into a Cash   Collateral Account until the last day of such Interest Period, at which time   the Administrative Agent shall be authorized (without any further action by   or notice to or from the Borrower or any other Loan Party) to apply such   amount to the prepayment of such Loans in accordance with this Section   2.05(b). Upon the occurrence and during the continuance of any Event of   Default, the Administrative Agent shall also be authorized (without any   further action by or notice to or from the Borrower or any other Loan Party)   to apply such amount to the prepayment of the outstanding Loans in accordance   with this Section 2.05(b). (vii) Notwithstanding any other provisions of this   Section 2.05, (i) to the extent that any of or all the Net Proceeds of any   Disposition by a Foreign Subsidiary (“Foreign Disposition”) or the Net   Proceeds of any Casualty Event from a Foreign Subsidiary (a “Foreign Casualty   Event”) are prohibited or delayed by applicable local law from being   repatriated to the United States, the portion of such Net Proceeds so affected   will not be required to be applied to repay Term Loans at the times provided   in this Section 2.05(b) but may be retained by the applicable Foreign   Subsidiary so long, but only so long, as the applicable local law will not   permit repatriation to the United States, and once such repatriation of any   of such affected Net Proceeds is permitted under the applicable local law,   such repatriation will be promptly effected and an amount equal to such   repatriated Net Proceeds will be promptly applied (net of additional taxes   payable or reserved against as a result thereof) to the repayment of the Term   Loans pursuant to this Section 2.05(b) to the extent provided herein and (ii)   to the extent that the Borrower has determined in good faith that   repatriation of any of or all the Net Proceeds of any Foreign Disposition or   any Foreign Casualty Event would have adverse tax consequences with respect   to such Net Proceeds, such Net Cash Proceeds so affected will not be required   to be applied to repay Term Loans at the 89 1002217597 1001820109v3 

    

 

times provided   in this Section 2.05(b) but may be retained by the applicable Foreign   Subsidiary. (vii)[Reserved]. Section 2.06 Termination or Reduction of   Commitments. (a) The Borrower may, upon notice to the Administrative Agent,   terminate the Tranche A Term Commitments, the Revolving Credit Facility, the   Letter of Credit Sublimit or the Swing Line Sublimit, or from time to time   permanently reduce the Tranche A Term Commitments, the Revolving Credit   Facility, the Letter of Credit Sublimit or the Swing Line Sublimit; provided   that (i) any such notice shall be received by the Administrative Agent not   later than 2:00 p.m. three Business Days prior to the date of termination or   reduction, (ii) any such partial reduction shall be in an aggregate amount of   $10,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the   Borrower shall not terminate or reduce (A) the Revolving Credit Facility if,   after giving effect thereto and to any concurrent prepayments hereunder, the   Total Revolving Credit Outstandings would exceed the Revolving Credit   Facility, (B) the Letter of Credit Sublimit if, after giving effect thereto,   the Outstanding Amount of L/C Obligations not fully Cash Collateralized   hereunder would exceed the Letter of Credit Sublimit, or (C) the Swing Line   Sublimit if, after giving effect thereto and to any concurrent prepayments   hereunder, the Outstanding Amount of Swing Line Loans would exceed the Letter   of Credit Sublimit, and (iv) the Borrower may rescind any such notice under   this Section 2.06(a) with respect to Tranche A Term Commitments or Revolving   Credit Commitments if such termination or reduction would have resulted from   a refinancing or other replacement of all of the Tranche A Term Facility or   the Revolving Credit Facility or other transaction, which refinancing,   replacement or transaction shall not be consummated or shall otherwise be   delayed. In addition, unless previously terminated in accordance with other   terms hereof, the Tranche A Term Commitments shall automatically terminate on   the earliest to occur of (i) 12:01 am, New York City time, on the day   immediately following the last day of the Certain Funds Period and (ii) the   consummation of the 2015 Acquisition without the use of the Tranche A Term   Loans. (b) Application of Commitment Reductions; Payment of Fees. The   Administrative Agent will promptly notify the Lenders of any termination or   reduction of unused portions of the Letter of Credit Sublimit or the Swing   Line Sublimit or the unused Commitments of any Class under this Section 2.06.   Upon any reduction of unused Commitments of any Class, the Commitment of each   Lender of such Class shall be reduced by such Lender’s Pro Rata Share of the   amount by which such Commitments are reduced (other than the termination of   the Commitment of any Lender as provided in Section 10.13). All commitment   fees accrued until the effective date of any termination of the Aggregate   Commitments shall be paid on the effective date of such termination. Section   2.07 Repayment of Loans. (a) Term Loans. The Borrower shall repay to the   Administrative Agent (I) for the ratable account of the Initial Term Lenders   (i) on the last Business Day of each March, June, September and December,   commencing with the first full fiscal quarter after Closing Date, an 90   1002217597 1001820109v3 

    

 

aggregate   amount equal to 0.25% of the aggregate principal amount of all Initial Term   Loans outstanding on the Closing Date (which payments shall be reduced as a   result of the application of prepayments in accordance with the order of   priority set forth in Section 2.05) and (ii) on the Maturity Date for the   Initial Term Loans, the aggregate principal amount of all Initial Term Loans   outstanding on such date and (II) for the ratable account of the Tranche A   Term Lenders (i) on each date set forth below, an aggregate amount equal to   percentage of the aggregate principal amount of all Tranche A Term Loans   outstanding on the date when the last Tranche A Term Borrowing is made (which   payments shall be reduced as a result of the application of prepayments in   accordance with the order of priority set forth in Section 2.05) set forth   next to such date below and (ii) on the Maturity Date for the Tranche A Term   Loans, the aggregate principal amount of all Tranche A Term Loans outstanding   on such date (it being understood that no such payment shall be required   prior to the last Business Day of the full fiscal quarter ending after the   date when the last Tranche A Term Borrowing is made): Date Amount September   30, 2016 December 31, 2016 March 31, 2017 June 30, 2017 September 30, 2017   December 31, 2017 March 31, 2018 June 30, 2018 September 30, 2018 December   31, 2018 March 31, 2019 June 30, 2019 September 30, 2019 December 31, 2019   March 31, 2020 0.625% 0.625% 0.625% 0.625% 0.625% 0.625% 0.625% 0.625% 0.625%   0.625% 0.625% 1.2500.625% 1.250% 1.250% 1.250% JuneSeptember 30, 2020 3.125%   3.125% SeptemberDecember 30, 2020 (b) Revolving Credit Loans. Each Borrower   shall repay to the Administrative Agent for the ratable account of the   Appropriate Lenders on the Maturity Date for each Revolving Credit Facility   the aggregate principal amount of all of the Borrower’s Revolving Credit   Loans under such Facility outstanding on such date. (c) Swing Line Loans. The   Borrower shall repay the aggregate principal amount of its Swing Line Loans   on the earlier to occur of (i) the date five (5) Business Days after such   Loan is made and (ii) the Maturity Date for the Revolving Credit Facility. 91   1002217597 1001820109v3 March 31, 20213.125% June 30, 20213.125% June 30,   20201.250% June 30, 20160.625% 

    

 

 

Section 2.08 Interest.   (a) Subject to the provisions of Section 2.08(b), (i) each Eurodollar Rate   Loan shall bear interest on the outstanding principal amount thereof for each   Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest   Period plus the Applicable Rate; (ii) each Base Rate Loan shall bear interest   on the outstanding principal amount thereof from the applicable borrowing   date at a rate per annum equal to the Base Rate plus the Applicable Rate; and   (iii) each Swing Line Loan shall bear interest on the outstanding principal   amount thereof from the applicable borrowing date at a rate per annum equal   to the Base Rate plus the Applicable Rate for Revolving Credit Loans. (b) (i)   If any amount of principal of any Loan is not paid when due (without regard   to any applicable grace periods), whether at stated maturity, by acceleration   or otherwise, such amount shall thereafter bear interest at a fluctuating   interest rate per annum at all times equal to the Default Rate to the fullest   extent permitted by applicable Laws. (ii) If any amount (other than principal   of any Loan) payable by the Borrower under any Loan Document is not paid when   due (without regard to any applicable grace periods), whether at stated   maturity, by acceleration or otherwise, then upon the request of the Required   Lenders such amount shall thereafter bear interest at a fluctuating interest   rate per annum at all times equal to the Default Rate to the fullest extent   permitted by applicable Laws. (iii) Accrued and unpaid interest on past due   amounts (including interest on past due interest) shall be due and payable   upon demand. (c) Interest on each Loan shall be due and payable in arrears on   each Interest Payment Date applicable thereto and at such other times as may   be specified herein. Interest hereunder shall be due and payable in   accordance with the terms hereof before and after judgment, and before and   after the commencement of any proceeding under any Debtor Relief Law. Section   2.09 Fees. In addition to certain fees described in Sections 2.03(h) and (i):   (a) Commitment Fee. The Borrower agrees to pay to the Administrative Agent   for the account of each Revolving Credit Lender under each Facility in   accordance with its Pro Rata Share, a commitment fee equal to the Applicable   Rate with respect to the unused Revolving Credit Loan commitmentCommitment   fees times the actual daily amount by which the aggregate Revolving Credit   Commitment exceeds the sum of (A) the Outstanding Amount of Revolving Credit   Loans and (B) the Outstanding Amount of L/C Obligations; provided that any   commitment fee accrued with respect to any of the Commitments of a Defaulting   Lender during the period prior to the time such Lender became a Defaulting   Lender and unpaid at such time shall not be payable by the Borrower so long   as such Lender shall be a Defaulting Lender except to the extent that such   commitment fee shall otherwise have been due and payable by the Borrower   prior to such time; and provided further that no commitment fee 92 1002217597   1001820109v3 

    

 

shall accrue on   any of the Commitments of a Defaulting Lender so long as such Lender shall be   a Defaulting Lender. The commitment fee on each Revolving Credit Facility   shall accrue at all times from the Closing Date until the Maturity Date for   the applicable Revolving Credit Facility, including at any time during which   one or more of the conditions in Article IV is not met, and shall be due and   payable quarterly in arrears on the last Business Day of each March, June, September   and December, commencing with the first such date to occur after the Closing   Date, and on the Maturity Date for each Revolving Credit Facility. The   commitment fee shall be calculated quarterly in arrears, and if there is any   change in the Applicable Rate during any quarter, the actual daily amount   shall be computed and multiplied by the Applicable Rate separately for each   period during such quarter that such Applicable Rate was in effect. For the   avoidance of doubt, the Outstanding Amount of Swing Line Loans shall not be   counted towards or considered usage of the Aggregate Commitments for purposes   of determining the commitment fee. (b) Closing Fees. The Borrower agrees to   pay on the Closing Date to each Lender party to this Agreement on the Closing   Date, as fee compensation for the funding of such Lender’s Term Loan and   making of such Lender’s Revolving Credit Commitment, a closing fee (the   “Closing Fee”) in an amount equal to (x) 0.50% of the stated principal amount   of such Lender’s Term Loan funded on the Closing Date and (y) 0.50% of the   stated principal amount of such Lender’s Revolving Credit Commitment on the   Closing Date. Such Closing Fee will be in all respects fully earned, due and   payable on the Closing Date and non-refundable and non-creditable thereafter   and, in the case of the Closing Fee on the Term Loan, shall be netted against   Term Loans made by such Lender. (b) [Reserved]. (c) Other Fees. The Borrower   shall pay to the Agents such fees as shall have been separately agreed upon   in writing in the amounts and at the times so specified. Such fees shall be   fully earned when paid and shall not be refundable for any reason whatsoever   (except as expressly agreed between the Borrower and the applicable Agent).   Section 2.10 Computation of Interest and Fees. All computations of interest   for Base Rate Loans (including Base Rate Loans determined by reference to the   Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as   the case may be, and actual days elapsed. All other computations of fees and   interest shall be made on the basis of a 360-day year and actual days elapsed   (which results in more fees or interest, as applicable, being paid than if   computed on the basis of a 365-day year). Interest shall accrue on each Loan   for the day on which the Loan is made, and shall not accrue on a Loan, or any   portion thereof, for the day on which the Loan or such portion is paid;   provided that any Loan that is repaid on the same day on which it is made   shall, subject to Section 2.12(a), bear interest for one day. Each   determination by the Administrative Agent of an interest rate or fee   hereunder shall be conclusive and binding for all purposes, absent manifest   error. 93 1002217597 1001820109v3 

    

 

Section 2.11 Evidence   of Indebtedness. (a) The Credit Extensions made by each Lender shall be   evidenced by one or more accounts or records maintained by such Lender and by   the Administrative Agent in the ordinary course of business. The accounts or   records maintained by the Administrative Agent and each Lender shall be   conclusive absent manifest error of the amount of the Credit Extensions made   by the Lenders to the Borrower and the interest and payments thereon. Any   failure to so record or any error in doing so shall not, however, limit or   otherwise affect the obligation of the Borrower hereunder to pay any amount   owing with respect to the Obligations. In the event of any conflict between   the accounts and records maintained by any Lender and the accounts and   records of the Administrative Agent in respect of such matters, the accounts   and records of the Administrative Agent shall control in the absence of   manifest error. Upon the request of any Lender made through the   Administrative Agent, the Borrower shall execute and deliver to such Lender   (through the Administrative Agent) a Note, which shall evidence such Lender’s   Loans in addition to such accounts or records. Each Lender may attach   schedules to its Note and endorse thereon the date, Type (if applicable),   amount and maturity of its Loans and payments with respect thereto. (b) In   addition to the accounts and records referred to in Section 2.11(a), each   Lender and the Administrative Agent shall maintain in accordance with its   usual practice accounts or records evidencing the purchases and sales by such   Lender of participations in Letters of Credit and Swing Line Loans. In the   event of any conflict between the accounts and records maintained by the   Administrative Agent and the accounts and records of any Lender in respect of   such matters, the accounts and records of the Administrative Agent shall   control in the absence of manifest error. Section 2.12 Payments Generally.   (a) All payments to be made by the Borrower shall be made without condition   or deduction for any counterclaim, defense, recoupment or setoff. Except as   otherwise expressly provided herein, all payments by the Borrower hereunder   shall be made to the Administrative Agent, for the account of the respective   Lenders to which such payment is owed, at the applicable Administrative   Agent’s Office in Dollars and in Same Day Funds not later than 3:00 p.m. on   the date specified herein. The Administrative Agent will promptly distribute   to each Lender its Pro Rata Share (or other applicable share as provided   herein) of such payment in like funds as received by wire transfer to such   Lender’s applicable Lending Office. All payments received by the   Administrative Agent after 3:00 p.m., shall in each case be deemed received   on the next succeeding Business Day and any applicable interest or fee shall   continue to accrue. (b) If any payment to be made by the Borrower shall come   due on a day other than a Business Day, payment shall be made on the next   following Business Day, and such extension of time shall be reflected in   computing interest or fees, as the case may be; provided that, if such   extension would cause payment of interest on or principal of Eurodollar Rate   Loans to be made in the next succeeding calendar month, such payment shall be   made on the immediately preceding Business Day. 94 1002217597 1001820109v3 

    

 

(c) (i) Unless   the Administrative Agent shall have received notice from a Lender prior to   the proposed date of any Borrowing of Eurodollar Rate Loans (or, in the case   of any Borrowing of Base Rate Loans, prior to 3:00 p.m. on the date of such   Borrowing) that such Lender will not make available to the Administrative   Agent such Lender’s share of such Borrowing, the Administrative Agent may   assume that such Lender has made such share available on such date in accordance   with Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that   such Lender has made such share available in accordance with and at the time   required by Section 2.02) and may, in reliance upon such assumption, make   available to the Borrower a corresponding amount. In such event, if a Lender   has not in fact made its share of the applicable Borrowing available to the   Administrative Agent, then the applicable Lender and the Borrower severally   agree to pay to the Administrative Agent forthwith on demand such   corresponding amount in immediately available funds with interest thereon,   for each day from and including the date such amount is made available to the   Borrower to but excluding the date of payment to the Administrative Agent, at   (A) in the case of a payment to be made by such Lender, the greater of the   Federal Funds Rate and a rate determined by the Administrative Agent in   accordance with banking industry rules on interbank compensation, plus any   administrative, processing or similar fees customarily charged by the   Administrative Agent in connection with the foregoing, and (B) in the case of   a payment to be made by the Borrower, the interest rate applicable to Base   Rate Loans. If the Borrower and such Lender shall pay such interest to the Administrative   Agent for the same or an overlapping period, the Administrative Agent shall   promptly remit to the Borrower the amount of such interest paid by the   Borrower for such period. If such Lender pays its share of the applicable   Borrowing to the Administrative Agent, then the amount so paid shall   constitute such Lender’s Loan included in such Borrowing. Any payment by the   Borrower shall be without prejudice to any claim the Borrower may have   against a Lender that shall have failed to make such payment to the   Administrative Agent. (ii) Unless the Administrative Agent shall have   received notice from the Borrower prior to the time at which any payment is   due to the Administrative Agent for the account of the Lenders or the L/C   Issuer hereunder that the Borrower will not make such payment, the   Administrative Agent may assume that the Borrower has made such payment on   such date in accordance herewith and may, in reliance upon such assumption,   distribute to the Appropriate Lenders or the L/C Issuer, as the case may be,   the amount due. In such event, if the Borrower has not in fact made such   payment, then each of the Appropriate Lenders or the L/C Issuer, as the case   may be, severally agrees to repay to the Administrative Agent forthwith on   demand the amount so distributed to such Lender or the L/C Issuer, in   immediately available funds with interest thereon, for each day from and   including the date such amount is distributed to it to but excluding the date   of payment to the Administrative Agent, at the greater of the Federal Funds   Rate and a rate determined by the Administrative Agent in accordance with   banking industry rules on interbank compensation. A notice of the   Administrative Agent to any Lender or the Borrower with respect to any amount   owing under this subsection (c) shall be conclusive, absent manifest error.   95 1002217597 1001820109v3 

    

 

(d) If any   Lender makes available to the Administrative Agent funds for any Loan to be   made by such Lender as provided in the foregoing provisions of this Article   II, and such funds are not made available to the Borrower by the   Administrative Agent because the conditions to the applicable Credit   Extension set forth in Article IV are not satisfied or waived in accordance   with the terms hereof, the Administrative Agent shall return such funds (in   like funds as received from such Lender) to such Lender, without interest.   (e) The obligations of the Lenders hereunder to make Loans, to fund   participations in Letters of Credit and Swing Line Loans and to make payments   pursuant to Section 10.04(c) are several and not joint. The failure of any   Lender to make any Loan, to fund any such participation or to make any   payment under Section 10.04(c) on any date required hereunder shall not   relieve any other Lender of its corresponding obligation to do so on such   date, and no Lender shall be responsible for the failure of any other Lender   to so make its Loan, purchase its participation or to make its payment under   Section 10.04(c). (f) Nothing herein shall be deemed to obligate any Lender   to obtain the funds for any Loan in any particular place or manner or to   constitute a representation by any Lender that it has obtained or will obtain   the funds for any Loan in any particular place or manner. (g) Except as   otherwise provided herein, whenever any payment received by the   Administrative Agent under this Agreement or any of the other Loan Documents   is insufficient to pay in full all amounts due and payable to the   Administrative Agent and the Lenders under or in respect of this Agreement   and the other Loan Documents on any date, such payment shall be distributed   by the Administrative Agent and applied by the Administrative Agent and the   Lenders in the order of priority set forth in Section 8.04. If the   Administrative Agent receives funds for application to the Obligations of the   Loan Parties under or in respect of the Loan Documents under circumstances   for which the Loan Documents do not specify the manner in which such funds   are to be applied, the Administrative Agent may (to the fullest extent   permitted by mandatory provisions of applicable Law), but shall not be   obligated to, elect to distribute such funds to each of the Lenders in   accordance with such Lender’s Pro Rata Share of the sum of (a) the   Outstanding Amount of all Loans outstanding at such time and (b) the   Outstanding Amount of all L/C Obligations outstanding at such time, in   repayment or prepayment of such of the outstanding Loans or other Obligations   then owing to such Lender. Section 2.13 Sharing of Payments. If any Lender   shall, by exercising any right of setoff or counterclaim or otherwise, obtain   payment in respect of (a) Obligations due and payable to such Lender   hereunder and under the other Loan Documents at such time in excess of its   ratable share (according to the proportion of (i) the amount of such   Obligations due and payable to such Lender at such time to (ii) the aggregate   amount of the Obligations due and payable to all Lenders hereunder and under   the other Loan Documents at such time) of payments on account of the   Obligations due and payable to all Lenders hereunder and under the other Loan   Documents at such time obtained by all the Lenders at such time or (b)   Obligations owing (but not due and payable) to such Lender hereunder and   under the other Loan Documents at such time in excess of its 96 1002217597   1001820109v3 

    

 

ratable share   (according to the proportion of (i) the amount of such Obligations owing (but   not due and payable) to such Lender at such time to (ii) the aggregate amount   of the Obligations owing (but not due and payable) to all Lenders hereunder   and under the other Loan Parties at such time) of payment on account of the   Obligations owing (but not due and payable) to all Lenders hereunder and   under the other Loan Documents at such time obtained by all of the Lenders at   such time then the Lender receiving such greater proportion shall (a) notify   the Administrative Agent of such fact, and (b) purchase (for cash at face   value) participations in the Loans and subparticipations in L/C Obligations   and Swing Line Loans of the other Lenders, or make such other adjustments as   shall be equitable, so that the benefit of all such payments shall be shared   by the Lenders ratably in accordance with the aggregate amount of Obligations   then due and payable to the Lenders or owing (but not due and payable) to the   Lenders, as the case may be, provided that: (i) if any such participations or   subparticipations are purchased and all or any portion of the payment giving   rise thereto is recovered, such participations or subparticipations shall be   rescinded and the purchase price restored to the extent of such recovery,   without interest; and (ii) the provisions of this Section shall not be   construed to apply to (x) any payment made by or on behalf of the Borrower   pursuant to and in accordance with the express terms of this Agreement   (including the application of funds arising from the existence of a   Defaulting Lender), (y) the application of Cash Collateral provided for in   Section 2.17, or (z) any payment obtained by a Lender as consideration for   the assignment of or sale of a participation in any of its Loans or   subparticipations in L/C Obligations or Swing Line Loans to any assignee or   participant, other than an assignment to the Borrower or any of its   Subsidiaries (as to which the provisions of this Section shall apply). Each   Loan Party consents to the foregoing and agrees, to the extent it may   effectively do so under applicable law, that any Lender acquiring a   participation pursuant to the foregoing arrangements may exercise against   such Loan Party rights of setoff and counterclaim with respect to such   participation as fully as if such Lender were a direct creditor of such Loan   Party in the amount of such participation. Section 2.14 Incremental Credit   Extensions. (a) The Borrower at any time or from time to time after the   Closing Date, by notice to the Administrative Agent (whereupon the   Administrative Agent shall promptly deliver a copy to each of the Lenders),   request (a) one or more additional tranches of term loans (the “Incremental   Term Loans”) or (b) one or more increases in the amount of the Revolving   Credit Commitments of any Facility or the addition of a new tranche of the   Revolving Credit Facility (each such increase or new Revolving Credit Facility,   a “Revolving Commitment Increase” and, together with any Incremental Term   Loans, an “Incremental Facility”), provided that upon the effectiveness of   any Incremental Amendment referred to below, no Event of Default shall exist   and at the time that any such Incremental Term Loan (other than any   Incremental Term Loan under the Tranche A Term Facility to be made during the   Certain Funds Period) is made (and after giving effect thereto) no Event of   Default shall 97 1002217597 1001820109v3 

    

 

exist (except   in connection with a Permitted Acquisitionan acquisition or Investment in   which case no Event of Default pursuant to Section 8.01(a) or (f) shall   exist). Each tranche of Incremental Term Loans and each Revolving Commitment   Increase shall be in an aggregate principal amount that is not less than   $50,000,000 (provided that such amount may be less than $50,000,000 if such   amount represents all remaining availability under the limit set forth in the   next sentence). Notwithstanding anything to the contrary herein, the   aggregate amount of the Incremental Term Loans and the Revolving Commitment   Increases (other than, for the avoidance of doubt, those established in   respect of Extended Term Loans or Extended Revolving Credit Commitments   pursuant to Section 2.16) shall not exceed, at the time the respective   Incremental Amendment becomes effective (and after giving pro forma effect to   the Incurrence of Indebtedness in connection therewith), the Maximum   Incremental Facilities Amount. Any Revolving Commitment Increase shall be on   the same terms and pursuant to the same documentation applicable to the   Revolving Credit Facility (including the maturity date in respect thereof)   (provided the applicable margin applicable thereto may be increased if   necessary to be consistent with that for the Revolving Commitment Increase).   The Incremental Term Loans (a) shall rank pari passu or junior in right of   payment and of security with the Revolving Credit Loans and the Term Loans,   which, for the avoidance of doubt, may be unsecured, (b) except in the case   of the Tranche A Term Facility, shall not mature earlier than the latest   Maturity Date with respect to the Term Loans, (c) except in the case of the   Tranche A Term Facility, shall not have a shorter Weighted Average Life to   Maturity than the then longest remaining Weighted Average Life to Maturity of   the Term Loans, (d) except as set forth above and, in the case of the Tranche   A Term Facility, except as set forth below, shall be treated substantially the   same as the Initial Term Loans (in each case, including with respect to   mandatory and voluntary prepayments) and (e) the Applicable Rate for the   Incremental Term Loans shall be determined by the Borrower and the applicable   new Lenders; provided, however, that (i) until April 11, 2015, the interest   rate margins for the Incremental Term Loans shall not be greater than the   interest rate margins that may be payable with respect to Term Loans plus 50   basis points (and the interest rate margins applicable to any class of the   Term Loans shall be increased to the extent necessary to achieve the   foregoing) and (ii) solely for purposes of the foregoing clause (i), (x) the   interest rate margins applicable to any Term Loans or Incremental Term Loans   shall be deemed to include all upfront or similar fees or original issue   discount payable generally to Lenders providing such Term Loans or such   Incremental Term Loans based on an assumed four-year life to maturity), (y)   customary arrangement or commitment fees payable to the Arrangers (or their   respective affiliates) in connection with the Term Loans or to one or more   arrangers (or their affiliates) of the Incremental Term Loans shall be   excluded; and (z) if the LIBOR or Base Rate “floor” for the Incremental Term   Loans is greater than the LIBOR or Base Rate “floor,” respectively, for the   existing Term Loans, the difference between such floor for the Incremental   Term Loans and the existing Term Loans shall be equated to an increase in the   Applicable Rate, provided that that (i) the Incremental Term Loans shall be   on terms and pursuant to documentation to be determined by the Borrower,   provided that, to the extent such terms and documentation are not consistent   with, the Initial Term Facility (except to the extent permitted by clauses   (b), (c) and (e) above and, in the case of the Tranche A Term Facility,   except as permitted by clause (iii) below)), they shall be reasonably   satisfactory to the Administrative Agent (it being understood to the extent   that any financial maintenance covenant is added for the benefit of any   Incremental Facility, no consent shall be required from the Administrative 98   1002217597 1001820109v3 

    

 

Agent or any   Lender to the extent that such financial maintenance covenant is also added for   the benefit of any existing Facility), and (ii) subject to clauses (b) and   (c) above, the maturity date and the amortization schedule applicable to the   Incremental Term Loans shall be determined by the Borrower and the lenders   thereof and (iii) the Incremental Amendment with respect to the Tranche A   Term Facility may, without the consent of the Lenders (other than any Lender   or Additional Lender agreeing to have a Commitment in respect of the Tranche   A Term Facility), add a financial covenant solely for the benefit of the   Lenders under the Tranche A Term Facility and, upon the 2015 Revolving Credit   Facility Effective Date (if any), the Revolving Credit Lenders (and not, for   the avoidance of doubt, any other Lenders) and make other corresponding   changes to the Loan Documents, including provide that (x) only Lenders   holding at least a majority of the Tranche A Term Facility and, upon the 2015   Revolving Credit Facility Effective Date (if any), the Revolving Credit   Facility (voting as one Facility) (and not, for the avoidance of doubt, any   other Lenders) shall have the ability to (and be required in order to) amend   or waive a breach of such financial covenant, and (y) a breach of such   financial covenant shall not constitute an Event of Default with respect to other   Facilities or trigger a cross-default under other Facilities until the date   on which Tranche A Term Loans and, upon the 2015 Revolving Credit Facility   Effective Date (if any), the Revolving Credit Loans have been accelerated   and/or the Tranche A Term Commitments (if any) and, upon the 2015 Revolving   Credit Facility Effective Date (if any), the Revolving Credit Commitments   have been terminated, in each case, by the Tranche A Term Lenders and, upon   the 2015 Revolving Credit Facility Effective Date (if any), the Revolving   Credit Lenders (voting as one Facility).. Each notice from the Borrower   pursuant to this Section 2.14 shall set forth the requested amount and   proposed terms of the relevant Incremental Term Loans or Revolving Commitment   Increases. Incremental Term Loans may be made, and Revolving Commitment   Increases may be provided, by any existing Lender (it being understood that   no existing Lender has an obligation to make an Incremental Term Loan or   provide a Revolving Commitment Increase, as applicable) or by any other bank   or other financial institution (any such other bank or other financial   institution being called an “Additional Lender”), provided that the   Administrative Agent, each Swing Line Lender and each L/C Issuer shall have   consented (not to be unreasonably withheld) to such Lender’s or Additional   Lender’s making such Incremental Term Loans or providing such Revolving   Commitment Increases if such consent would be required under Section 10.06(b)   for an assignment of Loans or Revolving Credit Commitments, as applicable, to   such Lender or Additional Lender. Commitments in respect of Incremental Term   Loans and Revolving Commitment Increases shall become Commitments (or in the   case of a Revolving Commitment Increase to be provided by an existing Revolving   Credit Lender, an increase in such Lender’s applicable Revolving Credit   Commitment) under this Agreement pursuant to an amendment (an “Incremental   Amendment”) to this Agreement and, as appropriate, the other Loan Documents,   executed by the Borrower, each Lender agreeing to provide such Commitment, if   any, each Additional Lender, if any, and the Administrative Agent. The   Incremental Amendment may, without the consent of any Loan Party other than   the Borrower, the Agents or the Lenders, effect such amendments to this   Agreement and the other Loan Documents as may be necessary or appropriate, in   the reasonable opinion of the Administrative Agent and the Borrower, to   effect the provisions of this Section 2.14. The effectiveness of any   Incremental Amendment shall be subject to such conditions as the parties   thereto shall agree. The Borrower will use the proceeds of the Incremental   Term Loans and Revolving Commitment Increases for any 99 1002217597   1001820109v3 

    

 

purpose not   prohibited by this Agreement. No Lender shall be obligated to provide any   Incremental Term Loans or Revolving Commitment Increases, unless it so   agrees. Upon each increase in the Revolving Credit Commitments pursuant to   this Section 2.14, (a) if the increase relates to the Revolving Credit   Facility, each Revolving Credit Lender immediately prior to such increase   will automatically and without further act be deemed to have assigned to each   Lender providing a portion of the Revolving Commitment Increase (each a “Revolving   Commitment Increase Lender”), and each such Revolving Commitment Increase   Lender will automatically and without further act be deemed to have assumed   (in the case of an increase to the Revolving Credit Facility only), a portion   of such Revolving Credit Lender’s participations hereunder in outstanding   Letters of Credit and Swing Line Loans such that, after giving effect to each   such deemed assignment and assumption of participations, the percentage of   the aggregate outstanding (i) participations hereunder in Letters of Credit   and (ii) participations hereunder in Swing Line Loans held by each Revolving   Credit Lender (including each such Revolving Commitment Increase Lender) will   equal the percentage of the aggregate Revolving Credit Commitments of all Revolving   Credit Lenders represented by such Revolving Credit Lender’s Revolving Credit   Commitment and (b) if, on the date of such increase, there are any Revolving   Credit Loans under the applicable Facility outstanding, such Revolving Credit   Loans shall on or prior to the effectiveness of such Revolving Commitment   Increase be prepaid from the proceeds of additional Revolving Credit Loans   under the applicable Facility made hereunder (reflecting such increase in   Revolving Credit Commitments), which prepayment shall be accompanied by   accrued interest on the Revolving Credit Loans being prepaid and any   reasonable and documented out-of-pocket costs incurred by any Lender in   accordance with Section 3.05. The Administrative Agent and the Lenders hereby   agree that the minimum borrowing, pro rata borrowing and pro rata payment   requirements contained elsewhere in this Agreement shall not apply to the   transactions effected pursuant to the immediately preceding sentence. (b)   contrary. This Section 2.14 shall supersede any provisions in Section 2.13 or   10.01 to the Section 2.15 Refinancing Amendments. (a) On one or more   occasions after the Closing Date, the Borrower may obtain, from any Lender or   any Additional Refinancing Lender, Credit Agreement Refinancing Indebtedness   in respect of all or any portion of the Term Loans and the Revolving Credit   Loans (or unused Revolving Credit Commitments) then outstanding under this   Agreement (which for purposes of this clause (a) will be deemed to include   any then outstanding Other Term Loans or Incremental Term Loans), in the form   of Other Term Loans, Other Term Loan Commitments, Other Revolving Credit   Commitments or Other Revolving Credit Loans pursuant to a Refinancing   Amendment; provided that notwithstanding anything to the contrary in this   Section 2.15 or otherwise, (1) the borrowing and repayment (except for (A)   payments of interest and fees at different rates on Other Revolving Credit   Commitments (and related outstandings), (B) repayments required upon the   Maturity Date of the Other Revolving Credit Commitments and (C) repayment   made in connection with a permanent repayment and termination of commitments   (subject to clause (3) below)) of Loans with respect to Other Revolving   Credit Commitments after the date of obtaining any Other Revolving Credit   Commitments shall be made on a pro rata basis with all other Revolving Credit   100 1002217597 1001820109v3 

    

 

Commitments,   (2) subject to Section 2.14 to the extent dealing with Swing Line Loans and   Letters of Credit which mature or expire after a Maturity Date when there   exist Extended Revolving Credit Commitments with a longer Maturity Date, all   Swing Line Loans and Letters of Credit shall be participated on a pro rata   basis by all Lenders with Commitments in accordance with their percentage of   the Revolving Credit Commitments (and except as provided in Section 2.14),   without giving effect to changes thereto on an earlier Maturity Date with   respect to Swing Line Loans and Letters of Credit theretofore incurred or   issued), (3) the permanent repayment of Revolving Credit Loans with respect   to, and termination of, Other Revolving Credit Commitments after the date of   obtaining any Other Revolving Credit Commitments shall be made on a pro rata   basis with all other Revolving Credit Commitments, except that the Borrower   shall be permitted to permanently repay and terminate commitments of any such   Class on a better than a pro rata basis as compared to any other Class with a   later Maturity Date than such Class and (4) assignments and participations of   Other Revolving Credit Commitments and Other Revolving Credit Loans shall be   governed by the same assignment and participation provisions applicable to   Revolving Credit Commitments and Revolving Credit Loans. (b) The   effectiveness of any Refinancing Amendment shall be subject to the   satisfaction on the date of such effectiveness of each of the conditions set   forth in Section 4.02 (a) (which, for the avoidance of doubt, shall not   require compliance with (x) Section 7.11 for any incurrence of Other Term   Loans and (y) 4.02(a)(iii) if no Credit Extension is requested on such date)   and, to the extent reasonably requested by the Administrative Agent, receipt   by the Administrative Agent of (i) customary legal opinions, board   resolutions and officers’ certificates reasonably satisfactory to the   Administrative Agent and (ii) reaffirmation agreements and/or such amendments   to the Collateral Documents as may be reasonably requested by the   Administrative Agent in order to ensure that such Credit Agreement   Refinancing Indebtedness is provided with the benefit of the applicable Loan   Documents. For the avoidance of doubt, for the purposes of this Section   2.15(b), references to “Credit Extension” in clauses (i) and (ii) of Section   4.02(a) shall be deemed to refer to the effectiveness of a Refinancing   Amendment. (c) Each issuance of Credit Agreement Refinancing Indebtedness   under Section 2.15(a) shall be in an aggregate principal amount that is (x)   not less than $50,000,000 and (y) an integral multiple of $5,000,000 in   excess thereof. (d) Each of the parties hereto hereby agrees that this   Agreement and the other Loan Documents may be amended pursuant to a   Refinancing Amendment, without the consent of any other Lenders, to the   extent (but only to the extent) necessary to (i) reflect the existence and   terms of the Credit Agreement Refinancing Indebtedness incurred pursuant   thereto and (ii) effect such other amendments to this Agreement and the other   Loan Documents as may be necessary or appropriate, in the reasonable opinion   of the Administrative Agent and the Borrower, to effect the provisions of   this Section 2.15, and the Required Lenders hereby expressly authorize the   Administrative Agent to enter into any such Refinancing Amendment. 101   1002217597 1001820109v3 

    

 

Section 2.16 Extension   Offers. (a) Pursuant to one or more offers made from time to time by the   Borrower to all Initial Term Lenders or all Tranche A Term Lenders, as   applicable, with notice to the Administrative Agent, on a pro rata basis   (based on the aggregate outstanding Initial Term Loans or Tranche A Term   Loans, as applicable, each applicable Loan, an “Applicable Existing Term   Loan”) and on the same terms (“Term Pro Rata Extension Offers”), the Borrower   is hereby permitted to consummate transactions with individual Term Lenders   from time to time to extend the maturity date of such Lender’s Applicable   Existing Term Loans and to otherwise modify the terms of such Lender’s   Applicable Existing Term Loans pursuant to the terms of the relevant Term Pro   Rata Extension Offer (including without limitation increasing the interest   rate or fees payable in respect of such Lender’s Applicable Existing Term   Loans and/or modifying the amortization schedule in respect of such Lender’s   Applicable Existing Term Loans). Pursuant to one or more offers made from   time to time by the Borrower to all Revolving Credit Lenders with notice to   the Administrative Agent, on a pro rata basis (based on the aggregate   outstanding Revolving Credit Commitments) and on the same terms (“Revolving   Pro Rata Extension Offers” and, together with Term Pro Rata Extension Offers,   “Pro Rata Extension Offers”), the Borrower is hereby permitted to consummate   transactions with individual Revolving Credit Lenders from time to time to   extend the maturity date of such Lender’s Revolving Credit Commitments and to   otherwise modify the terms of such Lender’s Revolving Credit Commitments   pursuant to the terms of the relevant Revolving Pro Rata Extension Offer   (including without limitation increasing the interest rate or fees payable in   respect of such Lender’s Revolving Credit Commitments). For the avoidance of   doubt, the reference to “on the same terms” in the preceding sentences shall   mean, (i) when comparing Term Pro Rata Extension Offers, that the Applicable   Existing Term Loans are offered to be extended for the same amount of time   and that the interest rate changes and fees payable in respect thereto are   the same and (ii) when comparing Revolving Pro Rata Extension Offers, that   the Revolving Credit Commitments are offered to be extended for the same   amount of time and that the interest rate changes and fees payable in respect   thereto are the same. Any such extension (an “Extension”) agreed to between   the Borrower and any such Lender (an “Extending Lender”) will be established   under this Agreement by implementing an Incremental Term Loan (provided that,   for the avoidance of doubt, the implementation of an Incremental Term Loan to   establish an Extended Term Loan shall not count as an Incremental Term Loan   for purposes of calculating the Maximum Incremental Facilities Amount) for   such Lender (if such Lender is extending an existing Applicable Existing Term   Loan (such extended Term Loan, an “Extended Term Loan”)) or a Revolving   Commitment Increase for such Lender (if such Lender is extending an existing   Revolving Credit Commitment (such extended Revolving Credit Commitment, an   “Extended Revolving Credit Commitment”)). (b) The Borrower and each Extending   Lender shall execute and deliver to the Administrative Agent an Incremental Assumption   Agreement and such other documentation as the Administrative Agent shall   reasonably specify to evidence the Extended Term Loans and/or Extended   Revolving Credit Commitments of such Extending Lender. Each Incremental   Assumption Agreement shall specify the terms of the applicable Extended Term   Loans and/or Extended Revolving Credit Commitments; provided that (i) except   as to interest rates, fees, 102 1002217597 1001820109v3 

    

 

amortization,   final maturity date, collateral arrangements and voluntary and mandatory   prepayment arrangements (which shall, subject to clauses (ii) and (iii) of   this proviso, be determined by the Borrower and set forth in the Pro Rata   Extension Offer), the Extended Term Loans shall have (x) the same terms as   the Applicable Existing Term Loans from which such Extended Term Loans have   been extended, or (y) such other terms as shall be reasonably satisfactory to   the Administrative Agent, (ii) the final maturity date of the Extended Term   Loans shall be no earlier than the Maturity Date for the Applicable Existing   Term Loans from which such Extended Term Loans have been extended, (iii) the   Weighted Average Life to Maturity of the Extended Term Loans shall be no   shorter than the remaining Weighted Average Life to Maturity of the   Applicable Existing Term Loans from which such Extended Term Loans have been   extended and (iv) except as to interest rates, fees, final maturity,   financial covenant (solely with respect to the Extended Revolving Credit   Commitments established on the 2015 Revolving Credit Facility Effective Date   (if any)), collateral arrangements and voluntary and mandatory prepayment   arrangements, any Extended Revolving Credit Commitment shall be a Revolving   Credit Commitment with the same terms as the Revolving Credit Loans. Upon the   effectiveness of any Incremental Assumption Agreement, this Agreement shall   be amended to the extent necessary to reflect the existence and terms of the   Extended Term Loans and/or Extended Revolving Credit Commitments evidenced thereby   as provided for in Section 10.01 and other changes necessary to preserve the   intent of this Agreement. Any such deemed amendment may, at the   Administrative Agent’s or the Borrower’s request, be memorialized in writing   by the Administrative Agent and the Borrower and furnished to the other   parties hereto. (c) Upon the effectiveness of any such Extension, the   applicable Extending Lender’s Applicable Existing Term Loan will be   automatically designated an Extended Term Loan and/or such Extending Lender’s   Revolving Credit Commitment will be automatically designated an Extended   Revolving Credit Commitment. For the avoidance of doubt, the commitments and   obligations of any Swing Line Lender or L/C Issuer can only be extended   pursuant to an Extension or otherwise with such Person’s consent. (d)   Notwithstanding anything to the contrary set forth in this Agreement or any   other Loan Document (including without limitation this Section 2.16), (i) no   Extended Term Loan or Extended Revolving Credit Commitment is required to be   in any minimum amount or any minimum increment; provided that the aggregate   amount of Extended Term Loans or Extended Revolving Credit Commitment for any   new Class of Term Loans or Revolving Credit Commitments made in connection   with any Pro Rata Extension Offer shall be at least $50,000,000, (ii) any   Extending Lender may extend all or any portion of its Applicable Existing   Term Loans and/or Revolving Credit Commitment pursuant to one or more Pro   Rata Extension Offers (subject to applicable proration in the case of over   participation) (including the extension of any Extended Term Loan and/or   Extended Revolving Credit Commitment), (iii) there shall be no condition to   any Extension of any Loan or Revolving Credit Commitment at any time or from   time to time other than notice to the Administrative Agent of such Extension   and the terms of the Extended Term Loan or Extended Revolving Credit   Commitment implemented thereby, (iv) the interest rate limitations referred   to in the proviso to clause (d) of Section 2.14(a) shall not be implicated by   any Extension[reserved] and (v) all Extended Term Loans, Extended Revolving   Credit Commitments and all obligations in respect thereof shall be   Obligations under this Agreement and the other Loan Documents that are 103   1002217597 1001820109v3 

    

 

unsecured or,   if the Obligations are then secured, secured by the Collateralsame collateral   on a pari passu basis with all other Obligations under this Agreement and the   other Loan Documents. (e) Each extension shall be consummated pursuant to   procedures set forth in the associated Pro Rata Extension Offer; provided   that the Borrower shall cooperate with the Administrative Agent prior to   making any Pro Rata Extension Offer to establish reasonable procedures with   respect to mechanical provisions relating to such Extension, including,   without limitation, timing, rounding and other adjustments. (f) (i)   Notwithstanding the foregoing, from time to time after the Closing Date, upon   notice by the Borrower to the Administrative Agent, banks or other financial   institutions (“New Revolving Commitment Lenders”), which may or may not be   existing Lenders, may elect to provide a new Revolving Credit Commitment (a   “New Revolving Credit Commitment”) hereunder; provided that, to the extent   such banks or other financial institutions are not existing Lenders, such   banks or institutions shall be reasonably acceptable to the Administrative   Agent. Such New Revolving Credit Commitment will be in an amount (the “New   Revolving Amount”) and have the terms specified in the notice to the   Administrative Agent; provided that except as to interest rates, fees, final   maturity, financial covenant (solely with respect to the New Revolving Credit   Commitments established on the 2015 Revolving Credit Facility Effective Date   (if any)), subordinated collateral arrangements and subordinated voluntary   and mandatory prepayment arrangements, any New Revolving Credit Commitment   shall be a Revolving Credit Commitment with the same terms as the Revolving   Credit Loans. Upon receipt of a New Revolving Credit Commitment, the Borrower   shall make a Pro Rata Extension Offer to all existing Revolving Credit   Lenders to extend the maturity date of their Revolving Credit Commitments on   the same terms as the New Revolving Credit Commitment (each Revolving Credit   Lender that accepts such Pro Rata Extension Offer, an “Electing Lender”, and   each existing Revolving Credit Lender that is not an Electing Lender, a   “Non-Electing Lender”). Following such election (i) the Revolving Credit   Commitments of all existing Revolving Credit Lenders will be permanently   reduced by an aggregate amount equal to the New Revolving Amount in the   manner specified by Section 2.06(b) and (ii) the New Revolving Credit   Commitment of the New Revolving Commitment Lenders will become effective and   the aggregate Revolving Credit Commitment shall be increased by the New   Revolving Amount. In connection with the foregoing, each Electing Lender may   further elect (a “Further Election”) to provide a New Revolving Credit   Commitment hereunder in an amount such that after giving effect to all New   Revolving Credit Commitments, the amount of such Electing Lender’s Revolving   Credit Commitment will equal the amount of such Electing Lender’s Revolving   Credit Commitment prior to any such reduction. In the event any Electing   Lender has made a Further Election, the reduction of all Revolving Credit   Commitments contemplated by the second preceding sentence will instead be   made in an aggregate amount to reflect the New Revolving Amount of the New   Revolving Commitment Lenders and the new commitments of all Electing Lenders   making a Further Election. Subject to the foregoing, the New Revolving Credit   Commitments of the New Revolving Commitment Lenders and the new commitments   of all Electing Lenders making a Further Election will otherwise be   incorporated as Revolving Credit Commitments hereunder in the same manner in   which Extended Revolving Credit Commitments are incorporated 104 1002217597   1001820109v3 

    

 

hereunder   pursuant to this Section 2.16, including without limitation for purposes of   Section 2.16(e). (ii) For the avoidance of doubt, after giving effect to such   New Revolving Credit Commitments, (1) the aggregate amount of Revolving   Credit Commitments of all Classes derived from each Class in effect prior to   such New Revolving Credit Commitments will be the same as the aggregate   amount of Revolving Credit Commitments of each Class in effect prior to   giving effect to such New Revolving Credit Commitments (“Pre-Effectiveness”),   (2) the Revolving Credit Lenders that are Non-Electing Lenders will have   Revolving Credit Commitments with the same terms as the Revolving Credit   Commitment in effect Pre-Effectiveness, (3) the Revolving Credit Lenders that   are Electing Lenders will have Revolving Credit Commitments with the same   terms as the New Revolving Credit Commitment, (4) each Revolving Credit   Lender that is an Electing Lender that has made a Further Election will have   an aggregate amount of Revolving Credit Commitments equal to the amount of   Revolving Credit Commitments it had Pre-Effectiveness and (5) the New   Revolving Commitment Lender will have a Revolving Credit Commitment on the   terms of the New Revolving Credit Commitment in an aggregate amount equal to   the New Revolving Amount. Section 2.17 Defaulting Lenders. (a) Reallocation   of Participations to Reduce Fronting Exposure. All or any part of a   Defaulting Lender’s participation in L/C Obligations and Swing Line Loans   shall be reallocated among the Non-Defaulting Lenders in accordance with   their respective Applicable Percentages (calculated without regard to such   Defaulting Lender’s Commitment) but only to the extent that (x) the   conditions set forth in Section 4.02(a) are satisfied at the time of such reallocation   (and, unless the Borrower shall have otherwise notified the Administrative   Agent at such time, the Borrower shall be deemed to have represented and   warranted that such conditions are satisfied at such time), and (y) such   reallocation does not cause the aggregate Revolving Credit Exposure of any   Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Credit   Commitment. Subject to Section 11.13, no reallocation hereunder shall   constitute a waiver or release of any claim of any party hereunder against a   Defaulting Lender arising from that Lender having become a Defaulting Lender,   including any claim of a Non-Defaulting Lender as a result of such   Non-Defaulting Lender’s increased exposure following such reallocation. (b)   Cash Collateral, Repayment of Swing Line Loans. If the reallocation described   in Section 2.17(a) cannot, or can only partially, be effected, the Borrower   shall, without prejudice to any right or remedy available to it hereunder or   under law, (x) first, prepay Swing Line Loans in an amount equal to the Swing   Line Lenders’ Fronting Exposure and (y) second, Cash Collateralize the L/C   Issuers’ Fronting Exposure in accordance with the procedures set forth in   Section 2.03(g). (c) New Swing Line Loans/Letters of Credit. Notwithstanding   anything in this Agreement to the contrary, so long as any Lender is a   Defaulting Lender, (i) the Swing Line Lender shall not be required to fund   any Swing Line Loans unless it is satisfied that it will have no Fronting   Exposure after giving effect to such Swing Line Loan and (ii) no L/C Issuer   105 1002217597 1001820109v3 

    

 

shall be   required to issue, extend, renew or increase any Letter of Credit unless it   is satisfied that it will have no Fronting Exposure after giving effect thereto.   ARTICLE III. Taxes, Increased Costs Protection and Illegality Section 3.01 Taxes.   (a) Any and all payments by any Loan Party to or for the account of any Agent   or any Lender under any Loan Document shall be made free and clear of and   without deduction for any Taxes, except as required by applicable Law. If any   Withholding Agent shall be required by any Laws to deduct any Taxes from or   in respect of any sum paid or payable under any Loan Document to any Agent or   any Lender, (i) if the Tax in question is an Indemnified Tax or Other Tax,   the sum payable shall be increased as necessary so that after all required   deductions have been made (including deductions applicable to additional sums   payable under this Section 3.01), each of such Agent and such Lender receives   an amount equal to the sum it would have received had no such deductions been   made, (ii) the applicable Withholding Agent shall make such deductions, (iii)   the applicable Withholding Agent shall pay the full amount deducted to the   relevant Governmental Authority in accordance with applicable Laws, and (iv)   within thirty (30) days after the date of such payment (or, if receipts or   evidence are not available within thirty (30) days, as soon as possible   thereafter), the Borrower shall furnish to such Agent or Lender (as the case   may be) the original or a copy of a receipt evidencing payment thereof or   other evidence acceptable to such Agent or Lender. (b) In addition, the   Borrower and Guarantors agree to pay any and all present or future stamp,   court or documentary Taxes and any other excise, property, intangible or   mortgage recording Taxes which arise from any payment made under any Loan   Document or from the execution, delivery, performance, enforcement or   registration of, or otherwise with respect to, any Loan Document, excluding   any such Taxes imposed as a result of an assignment by a Lender (other than   an assignment made pursuant to Section 10.13) that are imposed as a result of   a present or former connection of the assignor or assignee with the jurisdiction   imposing such Tax (other than any connection arising from having executed,   delivered, enforced, become a party to, performed its obligations under,   received payments under, received or perfected a security interest under,   engaged in any other transaction pursuant to, and/or enforced, any Loan   Documents) (hereinafter referred to as “Other Taxes”). (c) The Borrower and   each Guarantor agrees to indemnify each Agent and each Lender, within 10 days   after written demand therefor, for (i) the full amount of any Indemnified   Taxes and Other Taxes (including Indemnified Taxes and Other Taxes imposed on   or attributable to amounts payable under this Section 3.01) payable by such   Agent or Lender, whether or not such Taxes were correctly or legally imposed   or asserted by the Governmental Authority. A certificate as to the amount of   such payment or liability prepared in good faith and delivered by a Lender or   by the Administrative Agent on its own behalf or on behalf of a Lender shall   be conclusive absent manifest error. (d) Status of Lenders. Each Lender   shall, at such times as are reasonably requested by the Borrower or the   Administrative Agent, provide the Borrower and the Administrative 106   1002217597 1001820109v3 

    

 

Agent with any   documentation prescribed by any Laws or reasonably requested by the Borrower   or the Administrative Agent certifying as to any entitlement of such Lender   to an exemption from, or reduction in, any applicable withholding Tax with   respect to any payments to be made to such Lender under any Loan Document.   Each such Lender shall, whenever a lapse in time or change in circumstances   renders any such documentation (including any specific documentation required   below in this Section 3.01(d)) obsolete, expired or inaccurate in any   respect, deliver promptly to the Borrower and the Administrative Agent   updated or other appropriate documentation (including any new documentation   reasonably requested by the Borrower or the Administrative Agent) or promptly   notify the Borrower and the Administrative Agent in writing of its legal   ineligibility to do so. Without limiting the generality of the foregoing: (1)   Each U.S. Lender shall deliver to the Borrower and the Administrative Agent   on or before the date on which it becomes a party to this Agreement two   properly completed and duly signed original copies of IRS Form W-9 certifying   that such Lender is exempt from U.S. federal backup withholding. (2) Each   Foreign Lender shall deliver to the Borrower and the Administrative Agent on   or before the date on which it becomes a party to this Agreement whichever of   the following is applicable: (A) two properly completed and duly signed   original copies of IRS Form W-8BEN or IRS Form W-8BEN-E (or any successor   forms), as appropriate, claiming eligibility for the benefits of an income   tax treaty to which the United States is a party, (B) two properly completed   and duly signed original copies of IRS Form W-8ECI (or any successor forms),   (C) in the case of a Foreign Lender claiming the benefits of the exemption   for portfolio interest under Section 871(h) or Section 881(c) of the Code,   (A) two properly completed and duly signed certificates substantially in the   form of Exhibit J (any such certificate, a “United States Tax Compliance   Certificate”) and (B) two properly completed and duly signed original copies   of IRS Form W-BEN or IRS Form W-8BEN-E (or any successor forms), as   appropriate, (D) to the extent a Foreign Lender is not the beneficial owner   (for example, where the Foreign Lender is a partnership or a participating   Lender), IRS Form W-8IMY (or any successor forms) of the Foreign Lender,   accompanied by aan IRS Form W-8ECI, IRS Form W-BEN or IRS Form W-8BEN-E, as   appropriate, United States Tax Compliance Certificate, IRS Form W-9, IRS Form   W-8IMY or any other required information (or any successor forms) from each   beneficial owner that would be required under this Section 3.01(d) if such   beneficial owner were a Lender, as applicable (provided that if the Foreign   Lender is a partnership (and not a participating Lender) and one or more   direct or indirect partners are claiming the portfolio interest exemption,   the United States Tax Compliance Certificate may be provided by such Foreign   Lender on behalf of such direct or indirect partner(s)), or 107 1002217597   1001820109v3 

    

 

(E) two   properly completed and duly signed original copies of any other form   prescribed by applicable U.S. federal income tax laws (including the Treasury   Regulations) as a basis for claiming a complete exemption from, or a   reduction in, United States federal withholding tax on any payments to such   Lender under the Loan Documents. (3) If a payment made to a Lender under any   Loan Document would be subject to U.S. federal withholding Tax imposed by   FATCA if such Lender were to fail to comply with the applicable reporting   requirements of FATCA (including those contained in Sections 1471(b) or   1472(b) of the Code, as applicable), such Lender shall deliver to the   Borrower and the Administrative Agent at the time or times prescribed by law   and at such time or times reasonably requested by the Borrower or the   Administrative Agent such documentation prescribed by applicable law   (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such   additional documentation reasonably requested by the Borrower or the   Administrative Agent as may be necessary for the Borrower and the   Administrative Agent to comply with their FATCA obligations, to determine   whether such Lender has or has not complied with such Lender’s FATCA obligations   and to determine the amount, if any, to deduct and withhold from such   payment. Solely for purposes of this clause (3), “FATCA” shall include any   amendments made to FATCA after the date of this Agreement. Notwithstanding   any other provision of this Section 3.01(d), a Lender shall not be required   to deliver any documentation that such Lender is not legally eligible to   deliver. (e) Any Lender claiming any additional amounts payable pursuant to   this Section 3.01 shall use its reasonable efforts to change the jurisdiction   of its Lending Office if such a change would reduce any such additional   amounts in the future and would not, in the sole determination of such   Lender, result in any unreimbursed cost or expense or be otherwise materially   disadvantageous to such Lender. (f) If any Lender or Agent determines, in its   sole discretion, that it has received a refund in respect of any Indemnified   Taxes or Other Taxes as to which indemnification or additional amounts have   been paid to it pursuant to this Section 3.01 or Section 3.04, it shall   promptly remit an amount equal to such refund to the Borrower or applicable   Guarantor, net of all out-of-pocket expenses of such Lender or Agent   (including any Taxes imposed with respect to such refund) and without   interest (other than any interest paid by the relevant Governmental Authority   with respect to such refund); provided that the Borrower and Guarantors, upon   the request of such Lender or Agent, agree promptly to return such refund   (plus any penalties, interest or other charges imposed by the relevant   Governmental Authority) to such Lender or Agent, as applicable, in the event   such Lender or Agent is required to repay such refund to the relevant   Governmental Authority. This Section 3.01(f) shall not be construed to require   any Lender or Agent to make available its Tax returns (or any other   information relating to its Taxes that it deems confidential) to any Loan   Party or any other Person. (g) For the avoidance of doubt, the term “Lender”   shall, for purposes of this Section 3.01, include any Swing Line Lender and   any L/C Issuer. 108 1002217597 1001820109v3 

    

 

Section 3.02 Illegality.   If any Lender determines in good faith in its reasonable discretion that any   Law has made it unlawful, or that any Governmental Authority has asserted   that it is unlawful, for any Lender or its applicable Lending Office to make,   maintain or fund Loans whose interest is determined by reference to the   Eurodollar Rate, or to determine or charge interest rates based upon the   Eurodollar Rate, or any Governmental Authority has imposed material   restrictions on the authority of such Lender to purchase or sell, or to take   deposits of, Dollars in the London interbank market, then, on notice thereof   by such Lender to the Borrower through the Administrative Agent, (i) any   obligation of such Lender to make or continue Eurodollar Rate Loans or to   convert Base Rate Loans to Eurodollar Rate Loans shall be suspended, and (ii)   if such notice asserts the illegality of such Lender making or maintaining   Base Rate Loans the interest rate on which is determined by reference to the   Eurodollar Rate component of the Base Rate, the interest rate on which Base   Rate Loans of such Lender shall, if necessary to avoid such illegality, be   determined by the Administrative Agent without reference to the Eurodollar   Rate component of the Base Rate, in each case until such Lender notifies the   Administrative Agent and the Borrower that the circumstances giving rise to   such determination no longer exist. Upon receipt of such notice, (x) the   Borrower shall, upon demand from such Lender (with a copy to the   Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate   Loans of such Lender to Base Rate Loans (the interest rate on which Base Rate   Loans of such Lender shall, if necessary to avoid such illegality, be   determined by the Administrative Agent without reference to the Eurodollar   Rate component of the Base Rate), either on the last day of the Interest   Period therefor, if such Lender may lawfully continue to maintain such   Eurodollar Rate Loans to such day, or immediately, if such Lender may not   lawfully continue to maintain such Eurodollar Rate Loans and (y) if such   notice asserts the illegality of such Lender determining or charging interest   rates based upon the Eurodollar Rate, the Administrative Agent shall during   the period of such suspension compute the Base Rate applicable to such Lender   without reference to the Eurodollar Rate component thereof until the   Administrative Agent is advised in writing by such Lender that it is no   longer illegal for such Lender to determine or charge interest rates based   upon the Eurodollar Rate. Upon any such prepayment or conversion, the   Borrower shall also pay accrued interest on the amount so prepaid or converted.   Section 3.03 Inability to Determine Rates. If in connection with any request   for a Eurodollar Rate Loan or a conversion to or continuation thereof that   (a) the Administrative Agent determines that (i) Dollar deposits are not   being offered to banks in the London interbank eurodollar market for the   applicable amount and Interest Period of such Eurodollar Rate Loan or (ii)   adequate and reasonable means do not exist for determining the Eurodollar   Rate for any requested Interest Period with respect to a proposed Eurodollar   Rate Loan or in connection with an existing or proposed Base Rate Loan, or   (b) the Required Lenders determine that for any reason the Eurodollar Rate   for any requested Interest Period with respect to a proposed Eurodollar Rate   Loan does not adequately and fairly reflect the cost to such Lenders of   funding such Loan, the Administrative Agent will promptly so notify the   Borrower and each Lender. Thereafter, (x) the obligation of the Lenders to   make or maintain Eurodollar Rate Loans shall be suspended 109 1002217597   1001820109v3 

    

 

(to the extent   of the affected Eurodollar Rate Loans or Interest Periods), and (y) in the   event of a determination described in the preceding sentence with respect to   the Eurodollar Rate component of the Base Rate, the utilization of the   Eurodollar Rate component in determining the Base Rate shall be suspended, in   each case until the Administrative Agent (upon the instruction of the   Required Lenders) revokes such notice. Upon receipt of such notice, the   Borrower may revoke any pending request for a Borrowing of, conversion to or   continuation of Eurodollar Rate Loans (to the extent of the affected   Eurodollar Rate Loans or Interest Periods) or, failing that, will be deemed   to have converted such request into a request for a committed Borrowing of   Base Rate Loans in the amount specified therein. Section 3.04 Increased Cost   and Reduced Return; Capital Adequacy; Reserves on Eurodollar Rate Loans. (a)   Increased Costs Generally. If any Change in Law shall: (i) impose, modify or   deem applicable any reserve, special deposit, compulsory loan, insurance   charge or similar requirement against assets of, deposits with or for the   account of, or credit extended or participated in by, any Lender (except any   reserve requirement contemplated by Section 3.04(d) or any Tax) or the L/C   Issuer; (ii) subject any Lender or the L/C Issuer to any Tax of any kind   whatsoever with respect to this Agreement, any Letter of Credit, any   participation in a Letter of Credit or any Loan made by it, or change the   basis of taxation of payments to such Lender or the L/C Issuer in respect   thereof (except for (i) Indemnified Taxes or Other Taxes indemnifiable under   Section 3.01 and (ii) Excluded Taxes); or (iii) impose on any Lender or the   L/C Issuer or the London interbank market any other condition, cost or   expense (other than Taxes) affecting this Agreement or Eurodollar Rate Loans   made by such Lender or any Letter of Credit or participation therein; and the   result of any of the foregoing shall be to increase the cost to such Lender   of making or maintaining any Loan the interest on which is determined by   reference to the Eurodollar Rate (or, in the case of clause (ii) above, any   Loan), or of maintaining its obligation to make any such Loan, or to increase   the cost to such Lender or the L/C Issuer of participating in, issuing or   maintaining any Letter of Credit (or of maintaining its obligation to   participate in or to issue any Letter of Credit), or to reduce the amount of   any sum received or receivable by such Lender or the L/C Issuer hereunder   (whether of principal, interest or any other amount) then, upon request of   such Lender or the L/C Issuer, the Borrower will pay to such Lender or the   L/C Issuer, as the case may be, such additional amount or amounts as will   compensate such Lender or the L/C Issuer, as the case may be, for such   additional costs incurred or reduction suffered, to the extent such   compensation is sought from similarly situated borrowers. (b) Capital   Requirements. If any Lender or the L/C Issuer determines in good faith in its   reasonable discretion that any Change in Law affecting such Lender or the L/C   Issuer or 110 1002217597 1001820109v3 

    

 

any Lending   Office of such Lender or such Lender’s or the L/C Issuer’s holding company,   if any, regarding capital or liquidity requirements has or would have the   effect of reducing the rate of return on such Lender’s or the L/C Issuer’s   capital or on the capital of such Lender’s or the L/C Issuer’s holding   company, if any, as a consequence of this Agreement, the Commitments of such   Lender or the Loans made by, or participations in Letters of Credit held by,   such Lender, or the Letters of Credit issued by the L/C Issuer, to a level   below that which such Lender or the L/C Issuer or such Lender’s or the L/C   Issuer’s holding company could have achieved but for such Change in Law   (taking into consideration such Lender’s or the L/C Issuer’s policies and the   policies of such Lender’s or the L/C Issuer’s holding company with respect to   capital adequacy or liquidity), then, to the extent such compensation is   sought from similarly situated borrowers, the Borrower, upon request of such   Lender or the L/C Issuer, as the case may be, will pay to such Lender or the   L/C Issuer such additional amount or amounts as will compensate such Lender   or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company for   any such reduction suffered. (c) Certificates for Reimbursement. A   certificate of a Lender or the L/C Issuer setting forth the amount or amounts   necessary to compensate such Lender or the L/C Issuer or its holding company,   as the case may be, as specified in subsection (a) or (b) of this Section and   delivered to the Borrower shall be conclusive absent manifest error. The   Borrower shall pay such Lender or the L/C Issuer, as the case may be, the   amount shown as due on any such certificate within 10 days after receipt   thereof. (d) Reserves on Eurodollar Rate Loans. The Borrower shall pay to   each Lender, as long as such Lender shall be required to maintain reserves   with respect to liabilities or assets consisting of or including Eurocurrency   funds or deposits (currently known as “Eurocurrency liabilities”), additional   interest on the unpaid principal amount of each Eurodollar Rate Loan equal to   the actual costs of such reserves allocated to such Loan by such Lender (as   determined by such Lender in good faith, which determination shall be   conclusive absent manifest error), which shall be due and payable on each   date on which interest is payable on such Loan, provided the Borrower shall   have received at least 10 days’ prior notice (with a copy to the   Administrative Agent) of such additional interest from such Lender. If a   Lender fails to give notice 10 days prior to the relevant Interest Payment   Date, such additional interest shall be due and payable 10 days from receipt   of such notice. Section 3.05Funding Losses. Upon demand of any Lender (with a   copy to the Administrative Agent) from time to time, the Borrower shall   promptly compensate such Lender for and hold such Lender harmless from any   loss, cost or expense actually incurred by it as a result of: (a) any   continuation, conversion, payment or prepayment of any Eurodollar Rate Loan   of the Borrower on a day other than the last day of the Interest Period for   such Loan; (b) any failure by the Borrower (for a reason other than the   failure of such Lender to make a Loan) to prepay, borrow, continue or convert   any Eurodollar Rate Loan of the Borrower on the date or in the amount   notified by the Borrower; or 111 1002217597 1001820109v3 

    

 

(c) any   assignment of a Eurodollar Rate Loan on a day other than the last day of the   Interest Period therefor as a result of a request by the Borrower pursuant to   Section 10.13; including any loss or expense arising from the liquidation or   reemployment of funds obtained by it to maintain such Loan or from fees   payable to terminate the deposits from which such funds were obtained. The   Borrower shall also pay any customary administrative fees charged by such   Lender in connection with the foregoing. Section 3.06 Matters Applicable to   All Requests for Compensation. (a) Any Agent or any Lender claiming   compensation under this Article III shall deliver a certificate to the   Borrower setting forth the additional amount or amounts to be paid to it   hereunder which shall be conclusive in the absence of manifest error. In   determining such amount, such Agent or such Lender may use any reasonable   averaging and attribution methods. (b) Failure or delay on the part of any   Lender or the L/C Issuer to demand compensation pursuant to Section 3.01,   3.02, 3.03 or 3.04 shall not constitute a waiver of such Lender’s or the L/C   Issuer’s right to demand such compensation, provided that the Borrower shall   not be required to compensate such Lender for any amount incurred more than   one hundred and eighty (180) days prior to the date that such Lender notifies   the Borrower of the event that gives rise to such claim; provided that, if   the circumstance giving rise to such claim is retroactive, then such 180-day   period referred to above shall be extended to include the period of   retroactive effect thereof. If any Lender requests compensation by the   Borrower under Section 3.04, the Borrower may, by notice to such Lender (with   a copy to the Administrative Agent), suspend the obligation of such Lender to   make or continue from one Interest Period to another applicable Eurodollar   Rate Loans, or, if applicable, to convert Base Rate Loans into Eurodollar   Rate Loans, until the event or condition giving rise to such request ceases   to be in effect (in which case the provisions of Section 3.06(c) shall be   applicable); provided that such suspension shall not affect the right of such   Lender to receive the compensation so requested. (c) If the obligation of any   Lender to make or continue any Eurodollar Rate Loan, or to convert Base Rate   Loans into Eurodollar Rate Loans shall be suspended pursuant to Section   3.06(b) hereof, such Lender’s applicable Eurodollar Rate Loans shall be   automatically converted into Base Rate Loans (or, if such conversion is not   possible, repaid) on the last day(s) of the then current Interest Period(s)   for such Eurodollar Rate Loans (or, in the case of an immediate conversion   required by Section 3.02, on such earlier date as required by Law) and,   unless and until such Lender gives notice as provided below that the   circumstances specified in Section 3.01, 3.02, 3.03 or 3.04 hereof that gave   rise to such conversion no longer exist: (i) to the extent that such Lender’s   Eurodollar Rate Loans have been so converted, all payments and prepayments of   principal that would otherwise be applied 112 1002217597 1001820109v3 

    

 

to such   Lender’s applicable Eurodollar Rate Loans shall be applied instead to its   Base Rate Loans; and (ii) all Loans that would otherwise be made or continued   from one Interest Period to another by such Lender as Eurodollar Rate Loans   shall be made or continued instead as Base Rate Loans (if possible), and all   Base Rate Loans of such Lender that would otherwise be converted into   Eurodollar Rate Loans shall remain as Base Rate Loans. (d) If any Lender   gives notice to the Borrower (with a copy to the Administrative Agent) that   the circumstances specified in Section 3.01, 3.02, 3.03 or 3.04 hereof that gave   rise to the conversion of any of such Lender’s Eurodollar Rate Loans pursuant   to this Section 3.06 no longer exist (which such Lender agrees to do promptly   upon such circumstances ceasing to exist) at a time when Eurodollar Rate   Loans made by other Lenders under the applicable Facility are outstanding, if   applicable, such Lender’s Base Rate Loans shall be automatically converted,   on the first day(s) of the next succeeding Interest Period(s) for such   outstanding Eurodollar Rate Loans, to the extent necessary so that, after   giving effect thereto, all Loans held by the Lenders holding Eurodollar Rate   Loans under such Facility and by such Lender are held pro rata (as to   principal amounts, interest rate basis, and Interest Periods) in accordance   with their respective Commitments for the applicable Facility. Section 3.07 Replacement   of Lenders under Certain Circumstances. (a) Designation of a Different   Lending Office. If any Lender requests compensation under Section 3.04, or   the Borrower is required to pay any additional amount to any Lender, the L/C   Issuer, or any Governmental Authority for the account of any Lender or the   L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice pursuant   to Section 3.02, then such Lender or the L/C Issuer shall, as applicable, use   reasonable efforts to designate a different Lending Office for funding or   booking its Loans hereunder or to assign its rights and obligations hereunder   to another of its offices, branches or affiliates, if, in the reasonable   judgment of such Lender or the L/C Issuer, such designation or assignment (i)   would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04,   as the case may be, in the future, or eliminate the need for the notice   pursuant to Section 3.02, as applicable, and (ii) in each case, would not   subject such Lender or the L/C Issuer, as the case may be, to any   unreimbursed cost or expense and would not otherwise be materially   disadvantageous to such Lender or the L/C Issuer, as the case may be. The   Borrower hereby agrees to pay all reasonable costs and expenses incurred by   any Lender or the L/C Issuer in connection with any such designation or   assignment. (b) Replacement of Lenders. If any Lender requests compensation   under Section 3.04, or if the Borrower is required to pay any additional   amount to any Lender or any Governmental Authority for the account of any   Lender pursuant to Section 3.01, the Borrower may replace such Lender in   accordance with Section 10.13. 113 1002217597 1001820109v3 

    

 

Section 3.08 Survival.   All of the Borrower’s obligations under this Article III shall survive   termination of the Aggregate Commitments, repayment of all other Obligations   hereunder, resignation of the Administrative Agent and any assignment of   rights by, or replacement of, a Lender or L/C Issuer. ARTICLE IV. Conditions   Precedent to Credit Extensions Section 4.01 Conditions of Initial Credit   Extension[Reserved]. The obligation of the L/C Issuer and each Lender to make   its initial Credit Extension hereunder (other than a Certain Funds Credit   Extension or a Credit Extension with respect to the Additional Tranche A Term   Facility) is subject to satisfaction or waiver of the following conditions   precedent: (a) The Administrative Agent’s receipt of the following, each of   which shall be originals unless otherwise specified, each properly executed   by a Responsible Officer of the signing Loan Party, each dated the Closing   Date (or, in the case of certificates of governmental officials, a recent   date before the Closing Date) and each in form and substance reasonably   satisfactory to the Administrative Agent and each of the Lenders: (i)   executed counterparts of this Agreement, sufficient in number for   distribution to the Administrative Agent, each Lender and the Borrower; (ii)   a Note executed by the Borrower in favor of each Lender requesting a Note;   (iii) a security agreement, in substantially the form of Exhibit F hereto   (together with each security agreement supplement delivered pursuant to   Section 6.11, in each case as amended, the “Security Agreement”), duly   executed by each Loan Party, together with: (A) certificates and instruments   representing the Collateral referred to therein accompanied by undated stock   powers or instruments of transfer executed in blank, (B) proper financing   statements in form appropriate for filing under the Uniform Commercial Code   of all jurisdictions that the Administrative Agent may deem necessary or   desirable in order to perfect the Liens created under the Security Agreement,   covering the Collateral described in the Security Agreement, (C) copies of   UCC, United States Patent and Trademark Office and United States Copyright   Office, tax and judgment lien searches, or equivalent reports or searches,   each of a recent date listing all effective financing statements, lien   notices or comparable documents (together with copies of such 114 1002217597   1001820109v3 

    

 

financing   statements and documents) that name any Loan Party as debtor and that are   filed in those state and county jurisdictions in which any Loan Party is   organized or maintains its principal place of business and such other   searches that are required by the Perfection Certificate or that the   Administrative Agent reasonably deems necessary or appropriate, none of which   encumber the Collateral covered or intended to be covered by the Collateral   Documents (other than Permitted Liens), (D) a Perfection Certificate duly   executed by each of the Loan Parties, and (E) a Copyright Security Agreement,   Patent Security Agreement and Trademark Security Agreement (as each such term   is defined in the Security Agreement and to the extent applicable) (together   with each other intellectual property security agreement delivered pursuant   to Section 6.11, in each case as amended or supplemented, the “Intellectual   Property Security Agreement”), duly executed by each applicable Loan Party,   together with evidence that all action that the Administrative Agent may   reasonably deem necessary or desirable in order to perfect the Liens created   under the Intellectual Property Security Agreement has been taken; provided,   however, that, to the extent any security interest in any Collateral is not   or cannot be provided and/or perfected on the Closing Date (other than the   pledge and perfection of the security interests in (1) the certificated   equity securities of any material wholly owned U.S. subsidiary of the   Borrower, (2) intellectual property pursuant to filings with the United   States Patent and Trademark Office and the United States Copyright Office and   (3) other assets with respect to which a lien may be perfected by the filing   of a financing statement under the UCC) after the Borrower’s use of   commercially reasonable efforts to do so or without undue burden or expense,   then the provision and/or perfection of a security interest in such   Collateral shall not constitute a condition precedent to the availability of   the initial Credit Extension on the Closing Date but instead shall be   required to be delivered and/or perfected in the manner and during the period   required by Schedule 4.01(a)(iii). (iv) such certificates of resolutions or   other action, incumbency certificates and/or other certificates of   Responsible Officers of each Loan Party as the Administrative Agent may   reasonably require evidencing the identity, authority and capacity of each   Responsible Officer thereof authorized to act as a Responsible Officer in   connection with this Agreement and the other Loan Documents to which such   Loan Party is a party or is to be a party; (v) such documents and   certifications as the Administrative Agent may reasonably require to evidence   that each Loan Party is duly organized or formed; (vi) a favorable opinion of   Skadden, Arps, Slate, Meagher & Flom LLP, counsel to the Loan Parties,   addressed to the Administrative Agent and each Lender, in a form reasonably   satisfactory to the Administrative Agent and the Arrangers; 115 1002217597   1001820109v3 

    

 

(vii)   [reserved]; (viii) a certificate signed by a Responsible Officer of the   Borrower certifying that the conditions specified in Section 4.02(a)(i) and   (ii) have been satisfied; (ix) (i) audited financial statements of the   Borrower for each of the three fiscal years immediately preceding the initial   funding ended more than 90 days prior to the Closing Date; and (ii) unaudited   financial statements of the Borrower for any fiscal quarter ended after the   date of the most recent audited financial statements of such Person and more   than 45 days prior to the Closing Date; (x) a certificate attesting to the   Solvency of the Borrower and its Subsidiaries on a consolidated basis, before   and after giving effect to the Transaction, from the Borrower’s chief   financial officer, substantially in the form of Exhibit K hereto; (xi) at   least five Business Days prior to the Closing Date, all documentation and   other information required by regulatory authorities with respect to the   Borrower reasonably requested by the Initial Lenders under applicable “know   your customer” and anti-money laundering rules and regulations, including   without limitation the USA Patriot Act, to the extent requested at least 10   days prior to the Closing Date; and (xii) (A) the terms of the Stock Purchase   Agreement will be reasonably satisfactory to the Arrangers; provided that the   Arrangers acknowledge that the Stock Purchase Agreement dated as of July 25,   2013 is reasonably satisfactory to the Arrangers and (B) no conditions   precedent to the consummation of the Stock Buy-Back or other provision in the   Stock Purchase Agreement dated as of July 25, 2013 shall have been waived,   modified, supplemented or amended (and no consent granted), in a manner   materially adverse to the Arrangers or the Lenders in their capacities as   Lenders, in each case without the consent of the Arrangers, not to be   unreasonably withheld or delayed (it being understood and agreed that any   increase or reduction in the purchase price shall not be deemed to be   materially adverse to the Lenders; provided that (i) any increase in the   purchase price shall be funded solely by the available domestic cash of the   Borrower and its Subsidiaries (the “Domestic Cash”) and (ii) any reduction   shall be allocated to ratably reduce the Domestic Cash, the Senior Notes (or   bridge loans in lieu of the Senior Notes and/or any other securities issued   or incurred in lieu of such bridge loans) and the Loans in proportion to the actual   percentages that the amount of Domestic Cash, the Senior Notes (or bridge   loans in lieu of the Senior Notes and/or any other securities issued or   incurred in lieu of such bridge loans) and the Loan bear to the pro forma   total capitalization of the Borrower and its Subsidiaries after giving effect   to the Stock Buy-Back). (b) To the extent invoiced at least three Business   Days prior to the Closing Date, (i) all fees required to be paid to the   Administrative Agent and the Arranger on or before the Closing Date shall   have been paid and (ii) all fees required to be paid to the Lenders on or   before the Closing Date shall have been paid. 116 1002217597 1001820109v3 

    

 

(c) Unless   waived by the Administrative Agent, the Borrower shall have paid all fees,   charges and disbursements of counsel to the Administrative Agent (directly to   such counsel if requested by the Administrative Agent) to the extent invoiced   at least two Business Days prior to the Closing Date. (d) Except as has been   disclosed in the Borrower’s public filings with the SEC as of the date hereof   (excluding any risk factor disclosures set forth under the heading “Risk   Factors” or any disclosure of risks included in any “forward-looking   statements” disclaimer to the extent that such disclosures are general in   nature, or cautionary, predictive or forward-looking in nature), since   December 31, 2012, there has not occurred any event that has had or would   reasonably be expected to have a Company Material Adverse Effect. (e) The   issuance of the Senior Notes shall occur prior to or substantially   concurrently with the initial Credit Extension under this Agreement. (f) The   conditions set forth in clauses (i), (ii) and (iii) of Section 4.02(a) are   satisfied. Without limiting the generality of the provisions of Section   9.03(e), for purposes of determining compliance with the conditions specified   in this Section 4.01, each Lender that has signed this Agreement shall be deemed   to have consented to, approved or accepted or to be satisfied with, each   document or other matter required thereunder to be consented to or approved   by or acceptable or satisfactory to a Lender unless the Administrative Agent   shall have received notice from such Lender prior to the proposed Closing   Date specifying its objection thereto. Section 4.02Conditions to All Credit   Extensions After the Closing Date. (a) Following the Closing Date, theThe   obligation of each Lender to honor any Request for Credit Extension (other   than (I) a Committed Loan Notice requesting only a conversion of Loans to the   other Type, or a continuation of Eurodollar Rate Loans or (II) a Committed   Loan Notice with respect to a Certain Funds Credit Extension) is subject to   the following conditions precedent: (i) The representations and warranties of   each Loan Party contained in Article V (other than Section 5.05(b)) or any   other Loan Document shall be true and correct in all material respects on and   as of the date of such Credit Extension (except to the extent that such   representations and warranties specifically refer to an earlier date, they   shall be true and correct as of such earlier date); provided that, to the   extent that such representations and warranties are qualified by materiality,   material adverse effect or similar language, they shall be true and correct   in all respects. (ii) No Default or Event of Default shall exist or would   result from such proposed Credit Extension or from the application of the   proceeds therefrom. (iii) The Administrative Agent and, if applicable, the   relevant L/C Issuer or the relevant Swing Line Lender shall have received a   Request for Credit Extension in accordance with the requirements hereof. 117   1002217597 1001820109v3 

    

 

(iv) In the   case of any incurrence of a Revolving Credit Loan or a Swing Line Loan or the   issuance of a Letter of Credit (other than (1) any Borrowing of Revolving   Credit Loans to reimburse an Unreimbursed Amount or (2) any Credit Extension,   if after giving effect (on a Pro Forma Basis) to such Credit Extension, the   Outstanding Amount of Revolving Credit Loans (including the Outstanding   Amount of Swing Line Loans and the aggregate Outstanding Amount of L/C   Obligations, but excluding (i) all Letters of Credit that are Cash   Collateralized and (ii) non-Cash Collateralized Letters of Credit in an   aggregate amount not to exceed $20,000,000) does not exceed 15% of the total   Revolving Credit Commitments of all Revolving Credit Lenders), the   Consolidated Secured Debt Ratio for the most recently ended Test Period,   calculated without giving effect to such Credit Extension, shall be less than   or equal to 2.50 to 1.00. Each Request for Credit Extension (other than a   Committed Loan Notice requesting only a conversion of Loans to the other   Type, or a continuation of Eurodollar Rate Loans) submitted by the Borrower   shall be deemed to be a representation and warranty that the conditions   specified in Section 4.02(a)(i), and (ii) and (iv) (if applicable) have been   satisfied on and as of the date of the applicable Credit Extension. (b)   Notwithstanding anything herein (including in Sections 4.01 and 4.02(a)) or   in any other Loan Document to the contrary but subject to Section 4.03,   during the Certain Funds Period the obligation of each Tranche A Term Lender   to honor any Request for Credit Extension with respect to Tranche A Term   Loans is subject to solely the following conditions precedent: (i) The   Administrative Agent’s receipt of a Committed Loan Notice in accordance with   the requirements hereof; (ii) In the case of a Scheme: (A) the Scheme   Effective Date shall have occurred; (B) the 2015 Acquisition shall have been,   or substantially concurrently with the occurrence of the 2015 Closing Date   shall be, consummated in all material respects in accordance with the terms   of the 2015 Transaction Agreement and the other Scheme Documents (including   the Scheme Press Release), after giving effect to any modifications,   amendments, consents or waivers thereof or thereto, other than those   modifications, amendments, consents or waivers that are materially adverse to   the interests of the Tranche A Term Lenders that are effected without the   prior written consent of the Tranche A Arrangers (such consent not to be   unreasonably withheld, delayed or conditioned) (it being understood that, if   Bidco becomes aware of any circumstance or event which would entitle or could   reasonably be expected to entitle Bidco to withdraw from the Scheme by   invoking the 118 1002217597 1001820109v3 

    

 

condition specified   in paragraph 3.7.1 of Appendix I to the Scheme Press Release, any   modification, amendment, consent or waiver of that condition shall be deemed   materially adverse to the interests of the Tranche A Term Lenders), provided   that no consent of the Tranche A Arrangers shall be required if any such   modification, amendment, consent or waiver shall have been required by any   applicable Law (including, without limitation, the Act or the Takeover   Rules), the Takeover Panel, any applicable stock exchange, any applicable   government or other regulatory authority, or a court of competent   jurisdiction (including, without limitation, the Court); (C) receipt by the   Administrative Agent of a copy certified by the Borrower of: (1) the Court   Orders; (2) each of (i) the Scheme Documents and (ii) documents reflecting   amendments or waivers thereof and thereto as are permitted by the terms of   this Agreement; and (3) the certificates of the Registrar of Companies in   Ireland confirming registration of the Court Orders; (iii) In the case of an   Offer: (A) the Offer Effective Date has occurred; (B) receipt by the   Administrative Agent of a copy certified by the Borrower of each of (i) the   Offer Documents and (ii) documents otherwise reflecting amendments or waivers   thereof and thereto as are permitted by the terms of this Agreement; (C) the   acquisition of no less than 80% of the Target Shares shall have been, or   substantially concurrently with the occurrence of the 2015 Closing Date shall   be, consummated in all material respects in accordance with the terms of the   2015 Transaction Agreement and the other Offer Documents (including the Offer   Press Release), after giving effect to any modifications, amendments,   consents or waivers thereof or thereto, other than those modifications, amendments,   consents or waivers that are materially adverse to the interests of the   Tranche A Term Lenders that are effected without the prior written consent of   the Tranche A Arrangers (such consent not to be unreasonably withheld,   delayed or conditioned) (it being understood that, if Bidco becomes aware of   any circumstance or event which would entitle or could reasonably be expected   to entitle Bidco to withdraw from the Offer by invoking a condition   equivalent to 119 1002217597 1001820109v3 

    

 

that specified   in paragraph 3.7.1 of Appendix I to the Scheme Press Release, any   modification, amendment, consent or waiver of that condition shall be deemed   materially adverse to the interests of the Tranche A Term Lenders), provided that   no consent of the Tranche A Arrangers shall be required if any such   modification, amendment, consent or waiver shall have been required by any   applicable Law (including, without limitation, the Act or the Takeover   Rules), the Takeover Panel, any applicable stock exchange, any applicable   government or other regulatory authority, or a court of competent   jurisdiction (including, without limitation, the Court); and (D) receipt by   the Administrative Agent of the Offer Closing Certificate, duly signed for and   on behalf of the Borrower. (iv) As of the 2015 Closing Date, no Certain Funds   Default has occurred and is continuing or would result from the consummation   of the requested Certain Funds Credit Extension or from the application of   the proceeds therefrom. (v) To the extent invoiced at least three Business   Days prior to the 2015 Closing Date, the Administrative Agent and the Tranche   A Term Lenders, respectively, shall have received, or shall substantially   simultaneously receive, all fees and expenses then due and payable to them in   connection with the 2015 Transactions. (vi) Each Certain Funds Representation   shall, except to the extent it relates to a particular date, be true and   correct in all material respects on and as of the 2015 Closing Date as if   made on and as of such date; provided that, to the extent that such   representations and warranties are qualified by materiality, material adverse   effect or similar language, they shall be true and correct in all respects;   it being understood that the truth and accuracy of any other representation   or warranty of the Loan Parties under the Loan Documents made on the 2015   Closing Date shall not constitute a condition precedent under this Section   4.02(b). (vii) Receipt by the Administrative Agent of a certificate signed by   a Responsible Officer of the Borrower certifying that the conditions   specified in Sections 4.02(b)(ii), (iii), (iv) and (vi) have been satisfied.   The provisions of this Section 4.02(b) are for the benefit of the Tranche A   Term Lenders only and, notwithstanding anything herein to the contrary, the   Loan Parties and the Tranche A Term Lenders may amend, waive or otherwise   modify this Section 4.02(b) or the defined terms used solely for purposes of   this Section 4.02(b) or waive any Default resulting from a breach of this   Section 4.02(b) without the consent of any other Lender. The making of   Certain Funds Credit Extensions by the Tranche A Term Lenders shall   conclusively be deemed to constitute an acknowledgment by the Administrative   Agent and each Tranche A Term Lender that each of the conditions precedent   set forth in this Section 120 1002217597 1001820109v3 

    

 

4.02(b) shall   have been satisfied in accordance with its respective terms or shall have   been irrevocably waived by such Person. Section 4.03 Certain Funds.   Notwithstanding anything else herein (including in Sections 4.01 and 4.02(a))   or in any other Loan Document to the contrary, during the Certain Funds   Period, none of the Tranche A Term Lenders shall be entitled to: (a) Subject   to Section 4.02(b), refuse to participate in or make available its   participation in any Certain Funds Credit Extension; (b) cancel any of its   Tranche A Term Commitments to the extent to do so would prevent or limit the   making of a Certain Funds Credit Extension; (c) rescind, terminate or cancel   this Agreement or any of its Tranche A Term Commitments or exercise any   similar right or remedy or make or enforce any claim under the Loan Documents   it may have to the extent to do so would prevent or limit the making of a   Certain Funds Credit Extension; (d) exercise any right, power or discretion   to terminate or cancel the obligation to make available any Certain Funds   Credit Extension; (e) exercise any right of set-off or counterclaim in   respect of any Certain Funds Credit Extension (other than set-off in respect   of fees as agreed in the applicable funds flow document); (f) take any steps to   seek any repayment or prepayment of any Loan made hereunder in any way to the   extent to do so would prevent or limit the making of a Certain Funds Credit   Extension; or (g) take any step to exercise (or to instruct the   Administrative Agent to exercise) its rights under Section 8.02 or to enforce   any security in respect of any Certain Funds Credit Extension or the Tranche   A Term Commitments. in each case, (i) unless a Certain Funds Default has   occurred and is continuing on the date, or would result from the making, of   such Certain Funds Credit Extension or (ii) except to the extent it is   illegal for such Tranche A Term Lender to make such Certain Funds Credit   Extension, provided that (x) such Tranche A Term Lender has used commercially   reasonable efforts to make the Certain Funds Credit Extension through an   Affiliate of such Tranche A Term Lender not subject to the respective legal   restriction and (y) the occurrence of such event with respect to one Tranche   A Term Lender shall not relieve any other Lender of its obligation hereunder.   Upon the expiration of the Certain Funds Period, all rights, remedies and   entitlements in clauses (a) through (g) above shall, subject to and in   accordance with the applicable provisions of the Loan Documents, be available   even though they have not been exercised or available during the Certain   Funds Period. 121 1002217597 1001820109v3 

    

 

ARTICLE V.   Representations and Warranties Each Loan Party represents and warrants to the   Agents and the Lenders that: Section 5.01Existence, Qualification and Power;   Compliance with Laws. Each Loan Party (a) is a Person duly organized or   formed, validly existing and in good standing (where relevant) under the Laws   of the jurisdiction of its incorporation or organization, (b) has all   requisite power and authority to (i) own or lease its assets and carry on its   business as currently conducted and (ii) execute, deliver and perform its   obligations under the Loan Documents to which it is a party, (c) is duly   qualified and in good standing (where relevant) under the Laws of each   jurisdiction where its ownership, lease or operation of properties or the   conduct of its business requires such qualification, (d) is in compliance   with all Laws, orders, writs and injunctions and (e) has all requisite   governmental licenses, authorizations, consents and approvals to operate its   business as currently conducted; except in each case referred to in clause   (b)(i), (c), (d) or (e), to the extent that failure to do so could not   reasonably be expected to have a Material Adverse Effect. Section   5.02Authorization; No Contravention. The execution, delivery and performance   by each Loan Party of each Loan Document to which such Person is a party, and   the consummation of the Transaction, are within such Loan Party’s corporate   or other powers, (a) have been duly authorized by all necessary corporate or   other organizational action and (b) do not and will not (i) contravene the   terms of any of such Person’s Organization Documents, (ii) conflict with or   result in any breach or contravention of, or the creation of any Lien under   (other than as permitted by Section 7.01) (x) any material order, injunction,   writ or decree of any Governmental Authority or any arbitral award to which   such Person or its property is subject or (y) any material agreement to which   such Person is a party; or (iii) violate any material Law; except with   respect to any conflict, breach, violation or contravention referred to in   clause (ii) or (iii), to the extent that such conflict, breach, violation or   contravention could not reasonably be expected to have a Material Adverse   Effect. Section 5.03Governmental Authorization; Other Consents. No material   approval, consent, exemption, authorization, or other action by, or notice   to, or filing with, any Governmental Authority is necessary or required in   connection with (a) the execution, delivery or performance by any Loan Party   of this Agreement or any other Loan Document, or for the consummation of the   Transaction, (b) the grant by any Loan Party of the Liens granted by it   pursuant to the Collateral Documents or (c) the perfection or maintenance of   the Liens created under the Collateral Documents (including the priority   thereof), except for (i) filings and registrations necessary to perfect the   Liens on the Collateral granted by the Loan Parties in favor of the Secured   Parties, (iiexcept for (i) the approvals, consents, exemptions,   authorizations, actions, notices and filings which have been duly obtained,   taken, given or made and are in full force and effect (or, with respect to   consummation of the Transaction, will be duly obtained, taken, given or made   and will be in full force and effect, in each case 122 1002217597   1001820109v3 

    

 

within the time   period required to be so obtained, taken, given or made) and (iiiii) those   approvals, consents, exemptions, authorizations or other actions, notices or   filings, the failure of which to obtain or make could not reasonably be   expected to have a Material Adverse Effect. Section 5.04Binding Effect. This   Agreement and each other Loan Document has been duly executed and delivered   by each Loan Party that is a party thereto. This Agreement and each other   Loan Document constitutes, a legal, valid and binding obligation of such Loan   Party, enforceable against each Loan Party that is a party thereto in   accordance with its terms, except as such enforceability may be limited by   (i) Debtor Relief Laws and by general principles of equity and (ii) the need   for filings and registrations necessary to perfect the Liens on the   Collateral granted by the Loan Parties in favor of the Secured Parties and   (iii) the effect of foreign Laws, rules and regulations as they relate to   pledges of Equity Interests in Foreign Subsidiaries (other than those pledges   made under the Laws of the jurisdiction of formation of the applicable   Foreign Subsidiary).. Section 5.05Financial Statements; No Material Adverse   Effect. (a) The Audited Financial Statements and the Quarterly Financial   Statements fairly present in all material respects the financial condition of   the Borrower and its Subsidiaries as of the dates thereof and their results   of operations for the period covered thereby in accordance with GAAP   consistently applied throughout the periods covered thereby, (A) except as   otherwise expressly noted therein and (B) subject, in the case of the   Quarterly Financial Statements, to changes resulting from normal year-end   adjustments and the absence of footnotes. (b) (i) Since the Closing   DateDecember 31, 2015, there has been no event or circumstance, either   individually or in the aggregate, that has had or could reasonably be   expected to have a Material Adverse Effect and (ii) for purposes of the   initial borrowing and other Extensions of Credit on the Closing Date, except   as has been disclosed in the Borrower’s public filings with the SEC as of the   date hereof (excluding any risk factor disclosures set forth under the   heading “Risk Factors” or any disclosure of risks included in any   “forward-looking statements” disclaimer to the extent that such disclosures   are general in nature, or cautionary, predictive or forward-looking in   nature), since December 31, 2012, there has not occurred any event that has   had or would reasonably be expected to have a Company Material Adverse   Effect.. Section 5.06Litigation. There are no actions, suits, proceedings,   claims or disputes pending or, to the knowledge of the Borrower, threatened   in writing or contemplated, at law, in equity, in arbitration or before any   Governmental Authority, by or against any Loan Party or any of its   Subsidiaries or against any of their properties or revenues (other than   actions, suits, proceedings and claims in connection with the Transaction)   that either individually or in the aggregate, could reasonably be expected to   have a Material Adverse Effect. 123 1002217597 1001820109v3 

    

 

Section 5.07No   Default. No Default has occurred and is continuing hereunder. Section   5.08Ownership of Property; Liens. Each Loan Party and each of its   Subsidiaries has good record title to, or valid leasehold interests in, or   easements or other limited property interests in, all Real Property necessary   in the ordinary conduct of its business, free and clear of all Liens except   as set forth on Schedule 5.08 and except for minor defects in title that do   not materially interfere with its ability to conduct its business or to   utilize such assets for their intended purposes and Liens permitted by   Section 7.01 and except where the failure to do so could not reasonably be   expected to have, individually or in the aggregate, a Material Adverse   Effect. Section 5.09Environmental Compliance. (a) There are no claims,   actions, suits, or proceedings alleging potential liability or responsibility   for violation of, or otherwise relating to, any Environmental Law that could,   individually or in the aggregate, reasonably be expected to have a Material   Adverse Effect. (b) Except as specifically disclosed in Schedule 5.09(b) or   except as could not reasonably be expected to have, individually or in the   aggregate, a Material Adverse Effect, (i) none of the properties currently or   formerly owned, leased or operated by any Loan Party or any of its   Subsidiaries is listed or proposed for listing on the NPL or on the CERCLIS   or any analogous foreign, state or local list or is adjacent to any such   property; (ii) there are no and never have been any underground or   aboveground storage tanks or any surface impoundments, septic tanks, pits,   sumps or lagoons in which Hazardous Materials are being or have been treated,   stored or disposed on any property currently owned, leased or operated by any   Loan Party or any of its Subsidiaries or, to its knowledge, on any property   formerly owned or operated by any Loan Party or any of its Subsidiaries;   (iii) there is no asbestos or asbestos-containing material on any property   currently owned or operated by any Loan Party or any of its Subsidiaries; and   (iv) Hazardous Materials have not been released, discharged or disposed of by   any Person on any property currently or formerly owned, leased or operated by   any Loan Party or any of its Subsidiaries and Hazardous Materials have not   otherwise been released, discharged or disposed of by any Loan Party or any   of its Subsidiaries at any other location. (c) The properties owned, leased   or operated by the Loan Parties and their Subsidiaries do not contain any   Hazardous Materials in amounts or concentrations which (i) constitute, or   constituted a violation of, (ii) require remedial action under, or (iii)   could give rise to liability under, Environmental Laws, which violations,   remedial actions and liabilities, individually or in the aggregate, could   reasonably be expected to result in a Material Adverse Effect. (d) Except as   specifically disclosed in Schedule 5.09(d), none of the Loan Parties or their   Subsidiaries is undertaking, and has not completed, either individually or   together with other potentially responsible parties, any investigation or   assessment or remedial or response 124 1002217597 1001820109v3 

    

 

action relating   to any actual or threatened release, discharge or disposal of Hazardous   Materials at any site, location or operation, either voluntarily or pursuant   to the order of any Governmental Authority or the requirements of any   Environmental Law except for such investigation or assessment or remedial or   response action that, individually or in the aggregate, could not reasonably   be expected to result in a Material Adverse Effect. (e) All Hazardous   Materials generated, used, treated, handled or stored at, or transported to or   from, any property currently or formerly owned or operated by any Loan Party   or any of its Subsidiaries have been disposed of in a manner not reasonably   expected to result, individually or in the aggregate, in a Material Adverse   Effect. (f) Except as would not reasonably be expected to result,   individually or in the aggregate, in a Material Adverse Effect, none of the   Loan Parties or any of their Subsidiaries has contractually assumed any   liability or obligation under or relating to any Environmental Law. Section   5.10 Taxes. Except as could not, either individually or in the aggregate,   reasonably be expected to result in a Material Adverse Effect, each of the   Loan Parties and each of their Subsidiaries have filed all Tax returns   required to be filed, and have paid all Taxes levied or imposed upon them or   their properties (including in its capacity as withholding agent), that are   due and payable, except those which are being contested in good faith by   appropriate proceedings diligently conducted and for which adequate reserves   have been provided in accordance with GAAP. Section 5.11 ERISA Compliance.   (a) Except as could not, either individually or in the aggregate, reasonably   be expected to result in a Material Adverse Effect, each Plan is in   compliance with the applicable provisions of ERISA, the Code and other   Federal or state Laws. (b) (i) No ERISA Event has occurred or is reasonably   expected to occur with respect to any Pension Plan or Multiemployer Plan;   (ii) neither any Loan Party nor any ERISA Affiliate has incurred, or   reasonably expects to incur, any liability (and no event has occurred which,   with the giving of notice under Section 4219 of ERISA, would result in such   liability) under Sections 4201 or 4243 of ERISA with respect to a   Multiemployer Plan; and (iii) neither any Loan Party nor any ERISA Affiliate   has engaged in a transaction that could be subject to Sections 4069 or   4212(c) of ERISA, except, with respect to each of the foregoing clauses of   this Section 5.11(b), as could not reasonably be expected, individually or in   the aggregate, to result in a Material Adverse Effect. (c) The Foreign Plans   of the Loan Parties and the Subsidiaries are in compliance with the   requirements of any Law applicable in the jurisdiction in which the relevant   Foreign Plan is maintained, in each case, except as could not reasonably be   expected, individually or in the aggregate, to have a Material Adverse   Effect. 125 1002217597 1001820109v3 

    

 

Section 5.12 Subsidiaries;   Equity Interests. As of the Closing Date (after giving effect to any part of   the Transaction that is consummated on or prior to the Closing Date), no Loan   Party has any material Subsidiaries other than those specifically disclosed   in Schedule 5.12, and all of the outstanding Equity Interests owned by the   Loan Parties in such material Subsidiaries have been validly issued and are   fully paid and all Equity Interests owned by a Loan Party in such material   Subsidiaries are owned free and clear of all Liens except (i) those created   under the Collateral Documents and (ii) any Lien that is permitted under   Section 7.01. As of the Closing Date, Schedules 1(a) and 10(a) and (b) to the   Perfection Certificate (a) set forth the name and jurisdiction of each   Domestic Subsidiary that is a Loan Party and (b) set forth the ownership   interest of the Borrower and any other Subsidiary thereof in each Subsidiary,   including the percentage of such ownership. Section 5.13 Margin Regulations;   Investment Company Act. (a) The Borrower is not engaged nor will it engage,   principally or as one of its important activities, in the business of   purchasing or carrying margin stock (within the meaning of Regulation U   issued by the FRB (“Margin Stock”)), or extending credit for the purpose of   purchasing or carrying Margin Stock, and no proceeds of any Borrowings or   drawings under any Letter of Credit will be used for the purpose of   purchasing or carrying Margin Stock (other than the Stock Buy-Back or Margin   Stock of King Digital Entertainment plc) or any purpose that violates   Regulation U. (b) None of the Borrower or any of the Subsidiaries of the   Borrower is or is required to be registered as an “investment company” under   the Investment Company Act of 1940. Section 5.14 Disclosure. To the best of   the Borrower’s knowledge, no report, financial statement, certificate or   other written information (other than as set forth below and other than   information of a general economic or industry nature) furnished by or on   behalf of any Loan Party to any Agent or any Lender in connection with the   Transaction and the negotiation of this Agreement or delivered hereunder or   any other Loan DocumentFifth Amendment (as modified or supplemented by other   information so furnished), when taken as a whole contains together with   information contained in documents filed with, or furnished to, the SEC by or   on behalf of any Loan Party prior to the 2016 Refinancing Amendment Effective   Date that are publicly available, or incorporated by reference into such   documents, contained, as of the 2016 Refinancing Amendment Effective Date,   any material misstatement of fact or omitsomitted, as of the 2016 Refinancing   Amendment Effective Date, to state any material fact necessary to make the   statements therein, in the light of the circumstances under which they were made,   not materially misleading; provided that, with respect to projected financial   information and pro forma financial information, the Borrower represents only   that such information was prepared in good faith based upon assumptions   believed to be reasonable at the time of preparation; it being understood   that such financial information as it relates to future events is 126   1002217597 1001820109v3 

    

 

not to be   viewed as fact and that such projections may vary from actual results and   that such variances may be material. Section 5.15 Patriot Act and OFAC. (a)   No Loan Party is in violation of (i) any applicable requirement of Law   relating to terrorism or money laundering in the respective jurisdictions in   which such Loan Party or its Affiliates operates (“Anti-Terrorism Laws”),   including Executive Order No. 13224 on Terrorist Financing, effective   September 24, 2001 (the “Executive Order”), and the Uniting and Strengthening   America by Providing Appropriate Tools Required to Intercept and Obstruct   Terrorism Act of 2001, Public Law 107-56 (the “USA Patriot Act”) or (ii) the   Trading with the Enemy Act, as amended or any of the foreign asset control   regulations of the United States Department of the Treasury (31 C.F.R.   Subtitle B, Chapter V) (“OFAC”). (b) No Loan Party and, to the knowledge of   each Loan Party, no Affiliate or broker or other agent of such Loan Party   acting or benefiting in any capacity in connection with the Loans is any of   the following: (i) a person that is listed in the annex to, or is otherwise   subject to the provisions of, the Executive Order; (ii) a person owned or   controlled by, or acting for or on behalf of, any person that is listed in   the annex to, or is otherwise subject to the provisions of, the Executive   Order; (iii) a person with which any Lender is prohibited from dealing or   otherwise engaging in any transaction by any Anti-Terrorism Law; (iv) a   person that commits, threatens or conspires to commit or supports “terrorism”   as defined in the Executive Order; or (v) a person that is named as a   “specially designated national and blocked person” on the most current list   published by OFAC at its official website or any replacement website or other   replacement official publication of such list. (c) No Loan Party and, to the   knowledge of each Loan Party, no broker or other agent of such Loan Party   acting in any capacity in connection with the Loans (i) conducts any business   or engages in making or receiving any contribution of funds, goods or   services to or for the benefit of any person described in paragraph (b) above   (other than as authorized by OFAC) (solely with respect to the provision of   services, to the Loan Parties’ knowledge), (ii) deals in, or otherwise   engages in any transaction relating to, any property or interests in property   blocked pursuant to the Executive Order, or (iii) engages in or conspires to   engage in any transaction that evades or avoids, or has the purpose of   evading or avoiding, or attempts to violate, any of the prohibitions set   forth in any Anti-Terrorism Law. (d) Neither the Borrower, nor any of its   Subsidiaries, nor, to the knowledge of the Borrower and its Subsidiaries, any   director, officer or employee thereof, is an individual or entity currently   the subject of any Sanctions applicable in the jurisdictions in which the 127   1002217597 1001820109v3 

    

 

Borrower   operates, nor is the Borrower or any Subsidiary located, organized or   resident in a Designated Jurisdiction. (e) The use of proceeds of the Loans   will not violate OFAC. Section 5.16 Intellectual Property; Licenses, Etc.   Each of the Loan Parties and their Subsidiaries owns, licenses or possesses   the right to use, all of the trademarks, service marks, trade names, domain   names, copyrights, patents, patent rights, technology, software, know-how   database rights, design rights and other intellectual property rights   (collectively, “IP Rights”) that are used or held for use in connection with   and reasonably necessary for the operation of their respective businesses as   currently conducted, and, without conflict with the rights of any Person,   except to the extent such conflicts, either individually or in the aggregate,   could not reasonably be expected to have a Material Adverse Effect. No IP   Rights and, to the Loan Parties’ knowledge, no advertising, product, process,   method, substance, part or other material used by any Loan Party or any of   its Subsidiaries in the operation of their respective businesses as currently   conducted, infringes upon any rights held by any Person except for such infringements,   individually or in the aggregate, which could not reasonably be expected to   have a Material Adverse Effect. No claim or litigation regarding any of the   IP Rights, is pending or, to the knowledge of the Borrower, threatened   against any Loan Party or any of its Subsidiaries, which, either individually   or in the aggregate, could reasonably be expected to have a Material Adverse   Effect. Except pursuant to licenses and other user agreements entered into by   each Loan Party, on and as of the Closing Date (i) each Loan Party owns and   possesses the right to use, and has not authorized any other Person to use,   any copyright, patent or trademark listed in Schedule 12(a) or 12(b) to the   Perfection Certificate and (ii) all registrations listed in Schedule 12(a) or   12(b) to the Perfection Certificate are valid and in full force and effect,   except, in each case, to the extent failure to own or possess such right to   use or of such registrations to be valid and in full force and effect could   not reasonably be expected, individually or in the aggregate, to have a   Material Adverse Effect. Section 5.17 Solvency. On the Closing2016   Refinancing Amendment Effective Date after giving effect to the   TransactionRefinancing Facilities Amendments (as defined in the Fifth Amendment),   the Borrower and its Subsidiaries, on a consolidated basis, are Solvent. On   the 2015 Closing Date after giving effect to the 2015 Transactions, the   Borrower and its Subsidiaries, on a consolidated basis, are Solvent. Section   5.18 Subordination of Subordinated Indebtedness[Reserved]. The Obligations   are “Senior Debt,” “Senior Indebtedness,” “Guarantor Senior Debt” or “Senior   Secured Financing” (or any comparable term) under, and as defined in, any   Subordinated Indebtedness Documentation. 128 1002217597 1001820109v3 

    

 

Section 5.19 FCPA.   No Loan Party, none of its Subsidiaries nor, to the knowledge of the   Borrower, any director, officer, agent, employee or affiliate of the Borrower   or any of its Subsidiaries is aware of or has taken any action, directly or   indirectly, that would result in a violation by such persons of the FCPA,   including, without limitation, making use of the mails or any means or   instrumentality of interstate commerce corruptly in furtherance of an offer,   payment, promise to pay or authorization of the payment of any money, or   other property, gift, promise to give, or authorization of the giving of   anything of value to any “foreign official” (as such term is defined in the   FCPA) or any foreign political party or official thereof or any candidate for   foreign political office, in contravention of the FCPA and the Borrower, its   Subsidiaries and, to the knowledge of the Borrower, its affiliates have   conducted their businessesbusiness in compliance with the FCPA and have   instituted and maintain policies and procedures designed to ensure, and which   are reasonably expected to continue to ensure, continued compliance   therewith. Section 5.20 Security Documents[Reserved]. (a) Security Agreement.   The Collateral Documents are effective to create in favor of the Collateral   Agent for the benefit of the Secured Parties, legal, valid and enforceable   Liens on, and security interests in, the Collateral described therein to the   extent intended to be created thereby and (i) when financing statements and   other filings in appropriate form are filed in the offices specified on   Schedule 7 to the Perfection Certificate and (ii) upon the taking of   possession or control by the Collateral Agent of such Collateral with respect   to which a security interest may be perfected only by possession or control   (which possession or control shall be given to the Collateral Agent to the   extent possession or control by the Collateral Agent is required by the   Security Agreement or the Intercreditor Agreement (if in effect), the Liens   created by the Collateral Documents shall constitute fully perfected Liens   on, and security interests in (to the extent intended to be created thereby),   all right, title and interest of the grantors in such Collateral to the extent   perfection can be obtained by filing financing statements or taking   possession or control, in each case subject to no Liens other than Liens   permitted hereunder. (b) PTO Filing; Copyright Office Filing. In addition to   the actions taken pursuant to Section 5.21 (a)(i), when the Security   Agreement or a short form thereof (including any Intellectual Property   Security Agreement) is properly filed in the United States Patent and   Trademark Office and the United States Copyright Office, the Liens created by   such Security Agreement (or Intellectual Property Security Agreement) shall   constitute fully perfected Liens on, and security interests in, all right,   title and interest of the grantors thereunder (to the extent intended to be   created thereby) in Patents (as defined in the Security Agreement) registered   or applied for with the United States Patent and Trademark Office or   Copyrights (as defined in such Security Agreement) and Trademarks (as defined   in the Security Agreement) registered or applied for with the United States   Copyright Office, as the case may be, in each case subject to no Liens other   than Liens permitted hereunder (it being understood that subsequent   recordings in the United States Patent and Trademark Office and the United   States Copyright 129 1002217597 1001820109v3 

    

 

Office may be   necessary to perfect a Lien on registered or applied-for Trademarks, Patents   and Copyrights acquired by the grantors thereof after the Closing Date). (c)   Valid Liens. Each Collateral Document delivered pursuant to Sections 6.11 and   6.13 will, upon execution and delivery thereof, be effective to create in   favor of the Collateral Agent, for the benefit of the Secured Parties, legal,   valid and enforceable Liens on, and security interests in (to the extent   intended to be created thereby), all of the Loan Parties’ right, title and   interest in and to the Collateral thereunder and (i) when all appropriate   filings, recordings, registrations or notifications are made as may be   required under applicable Law and (ii) upon the taking of possession or control   by the Collateral Agent of such Collateral with respect to which a security   interest may be perfected only by possession or control (which possession or   control shall be given to the Collateral Agent to the extent required by any   such Collateral Document), such Collateral Documents will constitute fully   perfected Liens on, and security interests in, all right, title and interest   of the Loan Parties in such Collateral (to the extent required thereby), in   each case subject to no Liens other than Liens permitted hereunder. (d)   Notwithstanding anything herein (including this Section 5.21) or in any other   Loan Document to the contrary, neither the Borrower nor any other Loan Party   makes any representation or warranty as to the effects of perfection or   non-perfection, the priority or the enforceability of any pledge of or   security interest (other than with respect to those pledges and security   interests made under the Laws of the jurisdiction of formation of the   applicable Foreign Subsidiary) in any Equity Interests of any Foreign   Subsidiary, or as to the rights and remedies of the Agents or any Lender with   respect thereto, under foreign Law. Section 5.21Use of Proceeds. The Borrower   will use the proceeds of the Loans made on the Closing Date to fund the Stock   Buy-Back and pay fees and expenses associated therewith and after the Closing   Date use the proceeds of any Borrowing (other than any Original Tranche A   Term Borrowing) for general corporate purposes and working capital needs. The   Borrower will use the proceeds of the Original Tranche A Term Loans made   during the Certain Funds Period to fund the 2015 Transactions. Section 5.22   2015 Acquisition Related Representations (a) The execution, delivery and   performance by the Borrower and Bidco of each of the 2015 Acquisition   Documents to which the Borrower or Bidco is a party has been duly authorised   by the Borrower and/or Bidco, as the case may be. Each of the 2015   Acquisition Documents to which the Borrower or Bidco is a party is the legal,   valid and binding obligation of the Borrower and/or Bidco, as the case may   be, enforceable against the Borrower and/or Bidco, as the case may be, in   accordance with its terms, except as such enforceability may be limited by   Debtor Relief Laws or by general principles of equity. Neither the Borrower   nor Bidco is in default in the performance or compliance with any of the   provisions of the 2015 Acquisition Documents to which it is a party in any   respect that is materially adverse to the interests of the Tranche A Term   Lenders, unless such failure to comply is compelled by any applicable Law   (including, without limitation, the Act or the Takeover 130 1002217597   1001820109v3 

    

 

Rules), the   Takeover Panel, any applicable stock exchange, any applicable government or   other regulatory authority, or a court of competent jurisdiction (including,   without limitation, the Court). (b) As of the 2015 Closing Date, (in the case   of a Scheme) the 2015 Acquisition or (in the case of an Offer) the   acquisition by Bidco of no less than 80% of the Target Shares shall have   been, or substantially concurrently with the occurrence of the 2015 Closing   Date shall be, consummated in all material respects in accordance with all   applicable laws, including the Act and the Takeover Rules (subject to any   applicable waivers granted by the Takeover Panel). ARTICLE VI. Affirmative   Covenants So long as any Lender shall have any Commitment hereunder, any Loan   or other Obligation hereunder which is accrued and payable remains unpaid or   unsatisfied, or any Letter of Credit shall remain outstanding, each of the   Loan Parties shall, and shall cause each of their Restricted Subsidiaries to:   Section 6.01 Financial Statements. (a) Deliver to the Administrative Agent   for prompt further distribution to each Lender within ninety (90) days after   the end of each fiscal year of the Borrower beginning with the 2013 fiscal   year, a consolidated balance sheet of the Borrower and its Subsidiaries as at   the end of such fiscal year, and the related consolidated statements of income   or operations, stockholders’ equity and cash flows for such fiscal year,   setting forth in each case in comparative form the figures for the previous   fiscal year, all in reasonable detail and prepared in accordance with GAAP,   audited and accompanied by a report and opinion of PricewaterhouseCoopers or   any other independent registered public accounting firm of nationally   recognized standing, which report and opinion shall be prepared in accordance   with generally accepted auditing standards and shall not be subject to any   “going concern” or like qualification or exception or any qualification or   exception as to the scope of such audit (other than any qualification that is   expressly solely with respect to, or expressly resulting solely from, (A) an   upcoming maturity date of the Revolvingany Facility hereunder or (B) any   potential inability to satisfy a financial maintenance covenant on a future   date or in a future period) (an “Accounting Opinion”); and (b) Deliver to the   Administrative Agent for prompt further distribution to each Lender within   forty-five (45) days after the end of each of the first three (3) fiscal   quarters of each fiscal year of the Borrower, a consolidated balance sheet of   the Borrower and its Subsidiaries as at the end of such fiscal quarter and   the related (i) consolidated statements of income or operations for such   fiscal quarter and for the portion of the fiscal year then ended and (ii)   consolidated statements of cash flows for the portion of the fiscal year then   ended, setting forth in each case in comparative form the figures for the   corresponding fiscal quarter of the previous fiscal year and the   corresponding portion of the previous fiscal year, all in reasonable detail   and certified by a Responsible Officer of the Borrower as fairly presenting   in all material respects the financial condition, results of operations,   stockholders’ equity and 131 1002217597 1001820109v3 

    

 

cash flows of   the Borrower and its Subsidiaries in accordance with GAAP, subject only to   normal year-end audit adjustments and the absence of footnotes.   Notwithstanding the foregoing, the obligations in paragraphs (a) and (b) of   this Section 6.01 may be satisfied with respect to financial information of   the Borrower and the Restricted Subsidiaries by furnishing the Borrower’s   Form 10-K or 10-Q, as applicable, filed with the SEC; provided that, to the   extent such information is in lieu of information required to be provided   under Section 6.01(a), such materials are accompanied by an Accounting Opinion.   Documents required to be delivered pursuant to Section 6.01 and Section 6.02 (b)   and (c) may be delivered electronically and if so delivered, shall be deemed   to have been delivered on the date (i) on which the Borrower (or any direct   or indirect parent of the Borrower) posts such documents, or provides a link   thereto, at the website address listed on Schedule 10.02; or (ii) on which   such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency   or another relevant 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). Section 6.02Certificates;   Other Information. Deliver to the Administrative Agent for prompt further   distribution to each Lender: (a) no later than five (5) days after the   delivery of the financial statements referred to in Section 6.01(a) and (b),   a duly completed Compliance Certificate signed by a Responsible Officer of   the Borrower; (b) promptly after the same are publicly available, copies of   all annual, regular, periodic and special reports and registration statements   which the Borrower or any Subsidiary files with the SEC or with any   Governmental Authority that may be substituted therefor (other than amendments   to any registration statement (to the extent such registration statement, in   the form it became effective, is delivered), exhibits to any registration   statement and, if applicable, any registration statement on Form S-8) and in   any case not otherwise required to be delivered to the Administrative Agent   pursuant hereto; (c) together with the delivery of each Compliance   Certificate pursuant to Section 6.02(a) (but only together with the delivery   of a Compliance Certificate in connection with financial statements delivered   pursuant to Section 6.01(a)), (i) a report setting forth the information   required by a Perfection Certificate Supplement or confirming that there has   been no change in such information since the Closing Date or the date of the   last such report (provided no such Perfection Certificate Supplement or   confirmation shall be required in connection with the Compliance Certificate   to be delivered for the financial statements relating to the fiscal year   ended December 31, 2013) and (ii) a list of the Subsidiaries of the Borrower   that identifies each Subsidiary as a Restricted or an Unrestricted Subsidiary   as of the date of delivery of such Compliance Certificate; and 132 1002217597   1001820109v3 

    

 

(d) promptly,   such additional information regarding the business, legal, financial or   corporate affairs of the Loan Parties or any of their respective   Subsidiaries, or compliance with the terms of the Loan Documents, as the   Administrative Agent or any Lender through the Administrative Agent may from   time to time reasonably request. The Borrower hereby acknowledges that (a)   the Administrative Agent and/or the Arranger will make available to the   Lenders and the L/C Issuer 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 material non-public   information 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 so long as the Borrower is the issuer of any   outstanding debt or equity securities that are registered or issued pursuant   to a private offering or is actively contemplating issuing any such   securities it will use commercially reasonable efforts to identify that   portion of the Borrower Materials that may be distributed to the Public   Lenders and that (w) all such Borrower Materials shall be clearly and   conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word   “PUBLIC” shall appear prominently on the first page thereof; (x) by marking   Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized   the Administrative Agent, the Arranger, the L/C Issuer and the Lenders to   treat such Borrower Materials as not containing any material non-public   information (although it may be sensitive and proprietary) with respect to   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 10.07);   (y) all Borrower Materials marked “PUBLIC” are permitted to be made available   through a portion of the Platform designated “Public Side Information;” and   (z) the Administrative Agent and the Arranger shall be entitled to treat any   Borrower Materials that are not marked “PUBLIC” as being suitable only for   posting on a portion of the Platform not designated “Public Side   Information.” Notwithstanding the foregoing, the Borrower shall be under no   obligation to mark any Borrower Materials “PUBLIC”. Section 6.03 Notices.   Promptly after a Responsible Officer of a Loan Party has obtained knowledge   thereof, notify the Administrative Agent: (a) of the occurrence of any   Default; (b) of the occurrence of any ERISA Event; and (c) of any matter that   has resulted or could reasonably be expected to result in a Material Adverse   Effect. 133 1002217597 1001820109v3 

    

 

Each notice   pursuant to this Section shall be accompanied by a written statement of a   Responsible Officer of the Borrower setting forth details of the occurrence   referred to therein and stating what action the Borrower has taken and   proposes to take with respect thereto. Section 6.04 Payment of Taxes. Pay,   discharge or otherwise satisfy as the same shall become due and payable in   the normal conduct of its business, all its obligations and liabilities in   respect of Taxes imposed upon it (including in its capacity as withholding   agent) or upon its income or profits or in respect of its property, except,   in each case, (i) to the extent the failure to pay or discharge the same   could not reasonably be expected to have, individually or in the aggregate, a   Material Adverse Effect or (ii) which are being contested in good faith by   appropriate proceedings diligently conducted and for which adequate reserves   have been provided in accordance with GAAP. Section 6.05 Preservation of   Existence, Etc. (a) Preserve, renew and maintain in full force and effect its   legal existence under the Laws of the jurisdiction of its organization except   (x) in a transaction permitted by Section 7.03 or 7.04 and (y) any Restricted   Subsidiary may merge or consolidate with any other Restricted Subsidiary and   (b) take all reasonable action to maintain all rights, privileges (including   its good standing where applicable in the relevant jurisdiction), permits,   licenses and franchises necessary or desirable in the normal conduct of its   business, except (i) to the extent that failure to do so could not reasonably   be expected to have, individually or in the aggregate, a Material Adverse   Effect or (ii) pursuant to a transaction permitted by Section 7.03 or 7.04 or   clause (y) of this Section 6.05. Section 6.06 Maintenance of Properties.   Except if the failure to do so could not reasonably be expected to have,   individually or in the aggregate, a Material Adverse Effect, (a) maintain,   preserve and protect all of its material tangible properties and equipment   necessary in the operation of its business in good working order, repair and   condition, ordinary wear and tear excepted and casualty or condemnation   excepted, and (b) make all necessary renewals, replacements, modifications,   improvements, upgrades, extensions and additions thereof or thereto in   accordance with prudent industry practice and in the normal conduct of its   business. Section 6.07 Maintenance of Insurance. Maintain with financially   sound and reputable insurance companies, insurance with respect to its   properties and business against loss or damage of the kinds customarily   insured against by Persons engaged in the same or similar business, of such   types and in such amounts (after giving effect to any self-insurance   reasonable and customary for similarly situated Persons engaged in the same   or similar businesses as the Borrower and the Restricted Subsidiaries) as are   customarily carried under similar circumstances by such other Persons. All   such insurance policies of the Loan Parties shall name the Collateral Agent   as additional insured or loss payee, as applicable. With respect to each   parcel of Real Property that is subject to a Mortgage, obtain flood insurance   in such total amount as the Administrative 134 1002217597 1001820109v3 

    

 

Agent or the   Required Lenders may from time to time reasonably require, if at any time the   area in which any improvements located on such Real Property is designated a   “flood hazard area” in any Flood Insurance Rate Map published by the Federal   Emergency Management Agency (or any successor agency), and otherwise comply   with the National Flood Insurance Program as set forth in the Flood Disaster   Protection Act of 1973, as amended from time to time. Section 6.08Compliance   with Laws. Comply in all material respects with the requirements of all Laws   and all orders, writs, injunctions and decrees applicable to it or to its   business or property, except if the failure to comply therewith could not   reasonably be expected to have, individually or in the aggregate, a Material   Adverse Effect. Section 6.09 Books and Records. Maintain proper books of   record and account, in which entries are full, true and correct in all   material respects and are in conformity with GAAP consistently applied and   which reflect all material financial transactions and matters involving the business   of the Loan Parties or a Restricted Subsidiary, as the case may be (it being   understood and agreed that certain Foreign Subsidiaries maintain individual   books and records in conformity with generally accepted accounting principles   in their respective countries of organization and that such maintenance shall   not constitute a breach of the representations, warranties or covenants   hereunder). Section 6.10 Inspection Rights. Permit representatives and   independent contractors of the Administrative Agent and each Lender to visit   and inspect any of its properties, to examine its corporate, financial and   operating records, and make copies thereof or abstracts therefrom, and to   discuss its affairs, finances and accounts with its directors, senior   officers, and independent public accountants, all at reasonable times during   normal business hours, upon reasonable advance notice to the Borrower;   provided, however, (a) unless an Event of Default exists, only the   Administrative Agent on behalf of the Lenders may exercise the rights under   this Section 6.10 and the Administrative Agent shall not exercise such rights   more often than one time during any calendar year (at the expense of the   Borrower in accordance with Section 10.04), (b) if an Event of Default exists   and an individual Lender elects to exercise rights under this Section 6.10,   (x) such Lender shall coordinate with the Administrative Agent and any other   Lender electing to exercise such rights and shall share the results of such   inspection with the Administrative Agent on behalf of the Lenders and (y) the   number of visits and expense associated with such individual Lender   inspections must be reasonable, (c) no Loan Party will be required to   disclose, permit the inspection, examination or making copies of or abstracts   from, or discussion of, any document, information or other matter that (i)   constitutes trade secrets or proprietary information, (ii) in respect of   which disclosure to the Administrative Agent or any Lender (or their   respective representatives or contractors) is prohibited by Law or any   Contractual Obligations or (iii) is subject to attorney-client or similar   privilege or 135 1002217597 1001820109v3 

    

 

constitutes   attorney work product, and (d) the Borrower shall have the opportunity to   participate in any discussions with the Borrower’s independent public   accountants. Section 6.11 Additional Collateral; Additional Guarantors. (a)   Subject to this Section 6.11 and Section 6.13(b), with respect to any   property acquired after the Closing Date by any Loan Party that is intended   to be subject to the Lien created by any of the Collateral Documents but is   not so subject, promptly (and in any event within 60 days after the   acquisition thereof (or, with respect to intellectual property, in any event   on a quarterly basis) (or such later date as the Administrative Agent may   agree)) (i) execute and deliver to the Administrative Agent and the   Collateral Agent such amendments or supplements to the relevant Collateral   Documents or such other documents as the Administrative Agent or the   Collateral Agent shall reasonably deem necessary or advisable to grant to the   Collateral Agent, for its benefit and for the benefit of the other Secured   Parties, a Lien on such property subject to no Liens other than Liens   permitted hereunder, and (ii) take all commercially reasonable actions   necessary to cause such Lien to be duly perfected within the United States to   the extent required by such Collateral Document in accordance with all   applicable Law, including the filing of financing statements in such   jurisdictions within the United States as may be reasonably requested by the   Administrative Agent. The Borrower shall otherwise take such commercially   reasonable actions and execute and/or deliver to the Collateral Agent such   documents as the Administrative Agent or the Collateral Agent shall   reasonably require to confirm the validity, perfection and priority of the   Lien of the Collateral Documents on such after-acquired properties. (a)   [Reserved]. (b) With respect to any Person that is or becomes a direct   Subsidiary of a Loan Party after the Closing Date or ceases to be an Excluded   Subsidiary, promptly (and in any event within 60 days after such Person   becomes a Subsidiary or the Borrower delivers to the Administrative Agent   financial statements upon which it is determined that such Person ceased to   be an Excluded Subsidiary (or such later date as the Administrative Agent may   agree)) (i) deliver to the Collateral Agent the certificates, if any,   representing all of the Equity Interests of such Subsidiary owned by such   Loan Party, together with undated stock powers or other appropriate   instruments of transfer executed and delivered in blank by a duly authorized   officer of the holder(s) of such Equity Interests, and all intercompany notes   owing from such Subsidiary to any Loan Party together with instruments of   transfer executed and delivered in blank by a duly authorized officer of such   Loan Party (in each case, with respect to Foreign Subsidiaries, to the extent   applicable and permitted under foreign laws, rules or regulations) or, if   necessary to perfect a Lien under applicable Law, by means of an applicable   Collateral Document, to create a Lien on such Equity Interests and   intercompany notes in favor of the Collateral Agent on behalf of the Secured   Parties and (ii) cause any such Subsidiary (A) to execute a joinder agreement   reasonably acceptable to the Administrative Agent or such comparable   documentation to become a Subsidiary Guarantor and a joinder agreement to the   applicable Collateral Documents (including the Security Agreement),   substantially in the form annexed thereto, and (B) to take all actions   reasonably necessary or advisable in the opinion of the Administrative Agent   or the Collateral Agent to cause the Lien created by the applicable   Collateral Documents (including the Security Agreement) to be duly perfected   within the 136 1002217597 1001820109v3 

    

 

United States   to the extent required by such agreement in accordance with all applicable   Law, including the filing of financing statements in such jurisdictions   within the United States as may be reasonably requested by the Administrative   Agent or the Collateral Agent. Notwithstanding the foregoing, (1) the Equity   Interests required to be delivered to the Collateral Agent, or on which a   Lien is required to be created, pursuant to clause (i) of this Section   6.11(b) shall not include any Equity Interests of a Foreign Subsidiary that   is an Excluded Subsidiary by reason of clauses (b), (d) or (f) of the definition   of Excluded Subsidiary, (2)(a “Guarantor Joinder”) to become a Guarantor.   Notwithstanding the foregoing, no Excluded Subsidiary or Unrestricted   Subsidiary shall be required to take the actions specified in clause (ii) of   this Section 6.11(b) and (3) no more than (A) 65% of the total voting power   of all outstanding voting stock and (B) 100% of the Equity Interests not   constituting voting stock of any CFC or CFC Holdco (except that any such   Equity Interests constituting “stock entitled to vote” within the meaning of   Treasury Regulation Section 1.956-2(c)(2) shall be treated as voting stock   for purposes of this Section 6.11(b)) shall be required to be pledged.. (c)   Promptly grant to the Collateral Agent, within 90 days of the acquisition   thereof (or such later date as the Administrative Agent may agree), a   security interest in and mortgage in a form reasonably satisfactory to the   Administrative Agent and Collateral Agent (a “Mortgage”) on each parcel of   Real Property owned in fee by such Loan Party as is acquired by such Loan   Party after the Closing Date and that, together with any improvements   thereon, individually has a fair market value of at least $5 million as   additional security for the Obligations (unless the subject property is   already mortgaged to a third party to the extent permitted hereunder). Such   Mortgages shall be granted pursuant to documentation reasonably satisfactory   in form and substance to the Administrative Agent and the Collateral Agent   and shall constitute valid and enforceable perfected Liens subject only to   Liens permitted hereunder. The Mortgages or instruments related thereto shall   be duly recorded or filed in such manner and in such places as are required   by Law to establish, perfect, preserve and protect the Liens in favor of the   Collateral Agent required to be granted pursuant to the Mortgages and all   taxes, fees and other charges payable in connection therewith shall be paid   in full. Such Loan Party shall otherwise take such commercially reasonable   actions and execute and/or deliver to the Collateral Agent such documents as   the Administrative Agent or the Collateral Agent shall reasonably require to   confirm the validity, perfection and priority of the Lien of any existing   Mortgage or new Mortgage against such after-acquired Real Property (including   a Title Policy, a Survey, local counsel opinion (in form and substance   reasonably satisfactory to the Administrative Agent and the Collateral Agent)   and a completed “Life-of-Loan” Federal Emergency Management Agency standard   flood hazard determination, together with a notice executed by such Loan   Party about special flood hazard area status, if applicable, in respect of   such Mortgage). (c) [Reserved]. (d) The foregoing clauses (a) through (c)   shall not require the creation or perfection of pledges of or security   interests in, or the obtaining of title insurance or surveys with respect to,   particular assets if and for so long as (i) in the reasonable judgment of the   Administrative Agent and the Borrower in writing, the cost of creating or   perfecting such pledges or security interests in such assets or obtaining   title insurance or surveys in respect of such assets shall be 137 1002217597   1001820109v3 

    

 

excessive in   view of the benefits to be obtained by the Lenders therefrom or (ii) such   asset constitutes an Excluded Asset (as such term is defined in the Security   Agreement). In addition, the foregoing will not require actions under this   Section 6.11 by a Person if and to the extent that such action would (a) go   beyond the corporate or other powers of the Person concerned (and then only   as such corporate or other power cannot be modified or excluded to allow such   action) or (b) unavoidably result in material issues of director’s personal   liability, breach of fiduciary duty or criminal liability. The Administrative   Agent may grant extensions of time for the perfection of security interests   in or the obtaining of title insurance with respect to particular assets   (including extensions beyond the Closing Date for the perfection of security   interests in the assets of the Loan Parties on such date) where it reasonably   determines, in consultation with the Borrower, that perfection cannot be   accomplished without undue effort or expense by the time or times at which it   would otherwise be required by this Agreement or the Collateral Documents.   (e) Notwithstanding the foregoing provisions of this Section 6.11 or anything   in this Agreement or any other Loan Document to the contrary, Liens required   to be granted from time to time pursuant to this Section 6.11 shall be   subject to exceptions and limitations set forth herein, in the Collateral   Documents and, to the extent appropriate in the applicable jurisdiction, as   agreed between the Collateral Agent and the Borrower. Notwithstanding the   foregoing provisions of this Section 6.11 or anything in this Agreement or   any other Loan Document to the contrary, any Subsidiary of the Borrower that   Guarantees the Senior Notes shall be a Guarantor hereunder for so long as it   Guarantees such Indebtedness. (f) The Borrower shall have the right, in   consultation with the Administrative Agent, to add any Subsidiary as a   Guarantor, upon five days’ written notice to the Administrative Agent,   pursuant to a Guarantor Joinder; provided that the Administrative Agent shall   have received all documentation and other information with respect to such   Subsidiary required pursuant to Section 10.20; provided, further, that the   Borrower shall not have the right to add any Foreign Subsidiary as a   Guarantor without the consent of the Administrative Agent. Section 6.12 Compliance   with Environmental Laws. Except, in each case, to the extent that the failure   to do so could not reasonably be expected to have, individually or in the   aggregate, a Material Adverse Effect, comply, and take all reasonable actions   to cause all lessees and other Persons operating or occupying its properties   to comply with all applicable Environmental Laws and Environmental Permits;   obtain and renew all Environmental Permits necessary for its operations and   properties; and, in each case to the extent the Loan Parties are required by   Environmental Laws, conduct any investigation, study, sampling and testing,   and undertake any cleanup, removal, remedial or other action necessary to   remove and clean up all Hazardous Materials from any affected property, in   accordance with the requirements of all Environmental Laws. Section 6.13 Further   Assurances and Post-Closing Conditions[Reserved]. (a) Within ninety (90) days   after the Closing Date (subject to extension by the Administrative Agent in   its discretion), deliver each Collateral Document set forth on 138 1002217597   1001820109v3 

    

 

Schedule   6.13(a), duly executed by each Loan Party party thereto, together with all   documents and instruments required to perfect the security interest of the   Administrative Agent in the Collateral (if any) free of any other pledges,   security interests or mortgages, except Liens permitted hereunder. (b)   Promptly upon reasonable request by the Administrative Agent (i) correct any   material defect or error that may be discovered in the execution,   acknowledgment, filing or recordation of any Collateral Document or other   document or instrument relating to any Collateral, and (ii) do, execute,   acknowledge, deliver, record, re-record, file, re-file, register and   re-register any and all such further acts, deeds, certificates, assurances   and other instruments as the Administrative Agent may reasonably request from   time to time in order to carry out more effectively the purposes of the   Collateral Documents. If the Administrative Agent, the Collateral Agent or   the Required Lenders determine that they are required by applicable Law to   have appraisals prepared in respect of the Real Property of any Loan Party   constituting Collateral, the Borrower shall provide to the Administrative   Agent appraisals that satisfy the applicable requirements of the Real Estate   Appraisal Reform Amendments of FIRREA and are otherwise in form and substance   reasonably satisfactory to the Administrative Agent and the Collateral Agent.   Section 6.14 Designation of Subsidiaries. The Borrower may designate any   Subsidiary of the Borrower (including any existing Subsidiary and any newly   acquired or newly formed Subsidiary) to be an Unrestricted Subsidiary unless   such Subsidiary or any of its Subsidiaries owns any Equity Interests or   Indebtedness of, or owns or holds any Lien on, any property of, the Borrower   or any Subsidiary of the Borrower (other than solely any Subsidiary of the   Subsidiary to be so designated); provided that: (a) any Unrestricted   Subsidiary must be an entity of which the Equity Interests entitled to cast   at least a majority of the votes that may be cast by all Equity Interests   having ordinary voting power for the election of directors or Persons performing   a similar function are owned, directly or indirectly, by the Borrower; (b)   such designation complies with Section 7.05; and (c) each of: (i) the   Subsidiary to be so designated; and (ii) its Subsidiaries has not at the time   of designation, and does not thereafter, create, incur, issue, assume,   guarantee or otherwise become directly or indirectly liable with respect to   any Indebtedness pursuant to which the lender has recourse to any of the   assets of the Borrower or any Restricted Subsidiary. 139 1002217597   1001820109v3 

    

 

The Borrower   may designate and re-designate any Unrestricted Subsidiary to be a Restricted   Subsidiary; provided that, immediately after giving effect to such   designation, no Default shall have occurred and be continuing and either: (a)   the Borrower could incur at least $1.00 of additional Indebtedness pursuant   to the Fixed Charge Coverage Ratio test described in Section 7.02(a)for the   Borrower and its Restricted Subsidiaries would be at least 2.25 to 1.00; or (b)   the Fixed Charge Coverage Ratio for the Borrower and its Restricted   Subsidiaries would be equal to or greater than such ratio immediately prior   to such designation, in each case on a pro forma basis taking into account   such designation. Any such designation by the Borrower shall be notified by   the Borrower to the Administrative Agent by promptly filing with the   Administrative Agent a copy of the resolution of the board of directors of   the Borrower or any committee thereof giving effect to such designation and   an officer’s certificate certifying that such designation complied with the   foregoing provisions. Section 6.15 ERISA Reports. Furnish to the   Administrative Agent as soon as practicable after request by the   Administrative Agent, (x) copies of (i) each Schedule B (Actuarial   Information) to the annual report (Form 5500 Series) filed by the Borrower,   its Subsidiaries or any ERISA Affiliate with the Internal Revenue Service   with respect to each Plan; (ii) the most recent actuarial valuation report   for each Plan; (iii) such other documents or governmental reports or filings   relating to any Plan as the Administrative Agent shall reasonably request and   (y) with respect to any Multiemployer Plan, (i) any documents described in   Section 101(k) of ERISA that the Borrower, any of its Subsidiaries or any   ERISA Affiliate may request and (ii) any notices described in Section 101(1)   of ERISA that the Borrower, its Subsidiaries or any ERISA Affiliate may   request; provided that if the Borrower, its Subsidiaries or any ERISA   Affiliate has not requested such documents or notices from the administrator   or sponsor of the applicable Multiemployer Plan, the Borrower, Subsidiary or   ERISA Affiliate shall make a request for such documents or notices from such   administrator or sponsor as soon as reasonably practicable after request by   the Administrative Agent for such documents and notices and shall provide   copies of such documents and notices as soon as reasonably practicable after   receipt thereof. Section 6.16 Use of Proceeds. Use the proceeds of the Credit   Extensions not in contravention of any Law or of any Loan Document. 140   1002217597 1001820109v3 

    

 

 

Section 6.17 Maintenance   of Ratings. In respect of the Borrower, use commercially reasonable efforts   to (i) cause each Facility to be continuously rated (but not any specific   rating) by S&P and Moody’s; provided that the Tranche A Term Facility   need not be so rated prior to the consummation of the 2015 Acquisition and   (ii) maintain a public corporate rating (but not any specific rating) from   S&P and a public corporate family rating (but not any specific rating)   from Moody’s. Section 6.18 Lender Calls. Within 45 days after the end of each   of the first three fiscal quarters of each fiscal year of the Borrower or 90   days after the end of the fiscal year of the Borrower, at the request of the   Administrative Agent or of the Required Lenders and upon reasonable prior   notice, hold a conference call (at a location and time selected by the   Administrative Agent and the Borrower) with all Lenders who choose to attend   such conference call, at which conference call shall be reviewed the   financial results of the previous fiscal quarter or fiscal year, as   applicable, and the financial condition of the Borrower and its Subsidiaries;   provided that notwithstanding the foregoing, the requirement set forth in   this Section 6.18 may be satisfied with a public earnings call. Section 6.19 Amber   Holding/Bidco. (a) Amber Holding shall not conduct, transact or otherwise   engage in any material business or operations; provided, that the following   shall be permitted in any event: (i) its ownership of the Equity Interests of   the Borrower and activities incidental thereto; (ii) the consummation of the   Transaction; (iii) the payment of dividends and distributions and the making   of contributions to the capital of the Borrower; (iv) the maintenance of its   legal existence (including the ability to incur fees, costs and expenses   relating to such maintenance and performance of activities relating to its   officers, directors, managers and employees); (v) the performing of its   obligations with respect to the Stock Purchase Agreement and the other agreements   contemplated thereby; and (vi) activities reasonably related, ancillary or   incidental to any of the foregoing. (b) Prior to the expiration of the   Certain Funds Period, Bidco shall not conduct, transact or otherwise engage   in any material business or operations; provided, that the following shall be   permitted in any event: (i) the maintenance of its legal existence (including   the ability to incur fees, costs and expenses relating to such maintenance,   performance of activities relating to its officers, directors, managers and   employees and payment of taxes); (ii) entry into, and exercise of rights and   the performance of obligations with respect to the 2015 Acquisition Documents   and the other agreements and documents contemplated thereby, in each case, as   any such agreements and documents may be amended, supplemented, waived or   otherwise modified from time to time, or replaced, renewed or extended from   time to time, in each case in a manner not prohibited under this Agreement;   (iii) other activities in connection with the 2015 Transactions; (iv) the   performance of obligations under and compliance with its Organization   Documents, or any applicable law, ordinance, regulation, rule, order,   judgment, decree or permit, including, without limitation, as a result of or   in connection with the 141 1002217597 1001820109v3 

    

 

activities of   its Subsidiaries (if any); and (v) activities reasonably related, ancillary   or incidental to any of the foregoing. Section 6.20 Certain Funds Covenants.   (a) The Borrower shall (and shall cause Bidco to) comply in all material   respects with applicable laws and regulations relevant to the Offer or the   Scheme, as applicable, including the Takeover Rules and the Act (subject to   any applicable waivers granted by the Takeover Panel). (b) Unless the   Takeover Panel agrees otherwise, if Bidco proceeds with the 2015 Acquisition   the Borrower shall dispatch (or cause the dispatch of) the 2015 Acquisition   Circular within 28 days of the date of issue of the Announcement (or on such   later date as the Takeover Panel may permit). (c) The Borrower shall procure   that the terms of the Offering Circular or as the case may be the Scheme   Circular are not inconsistent with, or contrary to, the terms of the draft   Announcement in any respect materially adverse to the interests of the   Tranche A Term Lenders, unless the Tranche A Arrangers have consented to the   applicable change (such consent not to be unreasonably withheld, delayed or   conditioned) or unless the applicable change is required by any applicable   Law (including, without limitation, the Act or the Takeover Rules), the   Takeover Panel, any applicable stock exchange, any applicable government or   other regulatory authority, or a court of competent jurisdiction (including,   without limitation, the Court). (d) The Borrower shall, upon the reasonable   request of the Tranche A Arrangers, deliver to the Administrative Agent (for   further delivery to the Tranche A Term Lenders) Tranche A Arrangers updates   as to the status and progress in respect of the 2015 Acquisition, including   details of the level of acceptances of the Offer, and will notify the Tranche   A Arrangers promptly following any Responsible Officer of the Borrower   becoming aware of any reasonably likely failure to fully satisfy any condition   of the Offer or the Scheme, as applicable, that would allow Bidco to not   proceed with the Offer or the Scheme, as applicable, in each case, to the   extent it is able to do so in compliance with applicable Law (including,   without limitation, the Act or the Takeover Rules) and confidentiality or   other obligations to which it or its applicable Affiliates are subject. (e)   The Borrower shall promptly pay (or cause prompt payment of) all amounts   payable under the 2015 Acquisition Documents as and when they become due   (except to the extent that any such amounts are being contested in good faith   by the Borrower or any of its Subsidiaries and where adequate reserves are   set aside for any such payment). (f) The Borrower, if it determines that it   is in its commercial best interest to do so, shall take (or shall use   commercially reasonable efforts to cause the taking of) all reasonable and   practical steps to preserve and enforce its rights (or the rights of any of   its Subsidiaries) and pursue any claims and remedies arising under any 2015   Acquisition Documents. (g) [Reserved]. 142 1002217597 1001820109v3 

    

 

(h) The   Borrower shall not, and shall procure that Bidco does not, take any action   (and procure, so far as it is able to do so, that no person Acting in Concert   (as defined in the Irish Takeover Panel Act of 1997 (as amended)) with it or   otherwise, takes any action) which would compel it (or any person Acting in   Concert with it) to make an offer to shareholders in the Target under Rule 9   of the Takeover Rules 2013 of Ireland. (i) The Borrower shall not and shall   procure that Bidco does not without the prior written consent of the   Administrative Agent purchase any Target Shares other than under the Offer   or, where the 2015 Acquisition proceeds by means of a Scheme, under the   Scheme. (j) Where the 2015 Acquisition is to be undertaken by way of a Scheme   but then changes to an Offer (or vice versa), the Borrower shall promptly   notify the Administrative Agent of such change. Following any change in the   way in which the 2015 Acquisition is to be undertaken, as notified by the   Borrower under this clause (i), each reference to “2015 Acquisition   Documents” in this Agreement shall be construed accordingly. (k) The Borrower   shall: (i) procure that Bidco complies with its obligations under the Scheme   and the Scheme Documents or, as the case may be, the Offer and the Offer   Documents, except to the extent (x) failure to do is not materially adverse   to the interests of the Tranche A Term Lenders or (y) otherwise required by   any applicable Law (including, without limitation, the Act or the Takeover   Rules), the Takeover Panel, any applicable stock exchange, any applicable   government or other regulatory authority, or a court of competent   jurisdiction (including, without limitation, the Court); (ii) procure that   Bidco does not waive or amend or agree to any waiver or amendment of the   Minimum Acceptance Condition or of those conditions to the Scheme specified   in paragraphs 3.1.1, 3.1.2 and 3.6 of Appendix I to the Scheme Press Release   (or, in the case of an Offer, the equivalent conditions to the Offer) without   obtaining the prior written consent of the Tranche A Arrangers; provided that   no consent of the Tranche A Arrangers shall be required if any such waiver or   amendment shall have been required by any applicable Law (including, without   limitation, the Act or the Takeover Rules), the Takeover Panel, any   applicable stock exchange, any applicable government or other regulatory   authority, or a court of competent jurisdiction (including, without   limitation, the Court); (iii) procure that Bidco does not waive or amend or   agree to any waiver or amendment of any condition of the Offer or (as the   case may be) the Scheme (other than a condition referred to in Section 6.20(k)(ii)   above) that is materially adverse to the interests of the Tranche A Term   Lenders, without the consent of the Tranche A Arrangers (such consent not to   be unreasonably withheld, delayed or conditioned), provided that no consent   of the Tranche A Arrangers shall be required if any such waiver or   modification shall have been required by any applicable Law (including,   without limitation, the Act or the Takeover Rules), the Takeover Panel, any   applicable stock exchange, any applicable government or other regulatory   authority, or a court of 143 1002217597 1001820109v3 

    

 

competent   jurisdiction (including, without limitation, the Court); (iv) if any   Responsible Officer of the Borrower becomes aware of a circumstance or event   which would entitle or could reasonably be expected to entitle Bidco to   withdraw from the Scheme or the Offer, as applicable, in accordance with the   Takeover Rules and circumstances arise where the Takeover Panel would allow   reliance by Bidco on any condition to withdraw from the Scheme or the Offer,   as applicable, notify the Tranche A Arrangers as soon as practicable of such   circumstances or event, unless it is not able to do so in compliance with   applicable Law (including, without limitation, the Act or the Takeover Rules)   or unless otherwise required by Takeover Panel, any applicable stock   exchange, any applicable government or other regulatory authority, or a court   of competent jurisdiction (including, without limitation, the Court); (v) if   a circumstance or event referred to in section 6.20(k)(iv) above occurs and   such circumstance or event could reasonably be expected to have a Material   Adverse Effect: (A) upon the Tranche A Arrangers’ request, promptly request   the Takeover Panel and/or, in the case of a Scheme, promptly request that the   Target makes such application to the Court, to agree to the lapsing or   withdrawal of the Offer or, as the case may be the Scheme as a result of the   non-satisfaction of that condition and (B) if the Takeover Panel and/or the   Court so agrees, not waive that condition or treat it as satisfied, and   withdraw the Offer or the Scheme as soon as practicable; (vi) agree with the   Tranche A Arrangers the content of, and deliver to the Tranche A Arrangers   copies of, all publicity material, announcements intended to be published in   relation to the 2015 Acquisition or any Tranche A Term Loan to the extent   that they refer to the Administrative Agent, the Tranche A Arrangers, the   Tranche A Term Lenders or any Tranche A Term Loan (other than the Scheme Documents   or the Offer Documents) as soon as practicable prior to their publication,   unless otherwise required by applicable Law (including, without limitation,   the Act or the Takeover Rules), the Takeover Panel, any applicable stock   exchange, any applicable government or other regulatory authority, or a court   of competent jurisdiction (including, without limitation, the Court); and   (vii) except to the extent necessary to comply with any obligations of   confidentiality to any regulatory authority, and unless otherwise required by   applicable Law (including, without limitation, the Act or the Takeover   Rules), the Takeover Panel, any applicable stock exchange, any applicable   government or other regulatory authority, or a court of competent   jurisdiction (including, without limitation, the Court), keep the Tranche A   Arrangers informed and consult with the Tranche A Arrangers as to (i) the   terms and conditions of any assurance or undertaking proposed to be given by   or on behalf of the Borrower, Bidco or any of its Affiliates or, so far as   the Borrower or Bidco is aware, the Target to any person for the purpose of   obtaining any authorization or clearance in connection with the 2015   Acquisition; and (ii) any terms or conditions proposed in connection with any   authorisation required by law in connection with the 2015 Acquisition, in   each case of clauses (i) and (ii), above where such terms and conditions   could reasonably be expected to have a Material Adverse 144 1002217597   1001820109v3 

    

 

Effect. The provisions   of this Section 6.20 are for the benefit of the Original Tranche A Term   Lenders only and, notwithstanding anything herein to the contrary, the   Required Class Lenders under the Original Tranche A Term Facility may amend,   waive or otherwise modify this Section 6.20 or the defined terms used solely   for purposes of this Section 6.20 or waive any Default resulting from a   breach of this Section 6.20 without the consent of any Lenders other than   such Required Class Lenders. Section 6.21 Conditions Subsequent. (a) The   Borrower undertakes that: (i) if the Squeeze-Out Date occurs, Bidco shall   promptly commence the Squeeze-Out in respect of those Target Shares that have   not been assented to the Offer and shall ensure that within two weeks   thereafter notices in the prescribed form are given to the holders of such   Target Shares that Bidco desires to acquire such Target Shares in accordance   with the Squeeze-Out; (ii) it shall procure as soon as possible, and in any   event within three (3) months of the 2015 Closing Date where the 2015   Acquisition proceeds by means of a Scheme or within 4 months of the 2015   Closing Date where the 2015 Acquisition proceeds by means of an Offer, that   the Target shall be re-registered as a private company pursuant to Section   1290 of the Act. (iii) the Borrower shall use its best efforts to procure   that, by no later than the expiry of the Certain Funds Period, the   Organization Documents of the Target shall be amended so that Bidco shall   have the right to acquire any Target Shares which are required to be issued   by the Target pursuant to any rights of any person under any option scheme   and evidence shall be provided to the Administrative Agent of such amendment.   ARTICLE VII. Negative Covenants So long as any Lender shall have any Commitment   hereunder, any Loan or other Obligation hereunder which is accrued and   payable shall remain unpaid or unsatisfied, or any Letter of Credit shall   remain outstanding: Section 7.01 Liens. The Borrower will not, and will not   permit any Guarantorof its Restricted Subsidiaries to, directly or   indirectly, create, incur, assume or suffer to exist any Lien that secures   any obligation or any related guarantee, on any asset or property of the   Borrower or any 145 1002217597 1001820109v3 

    

 

Guarantorof its   Restricted Subsidiaries, or any income or profits therefrom, or assign or   convey any right to receive income therefrom, other than the following   (“Permitted Liens”): (1) pledges, deposits or security by such Person under   workmen’s compensation laws, unemployment insurance, employers’ health tax,   and other social security laws or similar legislation, or other insurance   related obligations (including, but not limited to, in respect of   deductibles, self-insured retention amounts and premiums and adjustments   thereto) or indemnification obligations of (including obligations in respect   of letters of credit or bank guarantees for the benefit of) insurance   carriers providing property, casualty or liability insurance, or good faith   deposits in connection with bids, tenders, contracts (other than for the   payment of Indebtedness) or leases to which such Person is a party, or   deposits to secure public or statutory obligations of such Person or deposits   of cash or U.S. government bonds to secure surety, stay, customs or appeal   bonds to which such Person is a party, or deposits as security for contested   taxes or import duties or for the payment of rent, performance and return of   money bonds and other similar obligations (including letters of credit issued   in lieu of any such bonds or to support the issuance thereof and including   those to secure health, safety and environmental obligations), in each case   incurred in the ordinary course of business; (2) Liens imposed by law or   regulation, such as carriers’, warehousemen’s and mechanics’ Liens, in each   case for sums not yet overdue for a period of more than 30 days or being   contested in good faith by appropriate proceedings or other Liens arising out   of judgments or awards against such Person with respect to which such Person   shall then be proceeding with an appeal or other proceedings for review if   adequate reserves with respect thereto are maintained on the books of such   Person in accordance with GAAP; (3) Liens for taxes, assessments or other   governmental charges not yet overdue for a period of more than 30 days or   payable or subject to penalties for nonpayment or which are being contested   in good faith by appropriate proceedings diligently conducted, if adequate   reserves with respect thereto are maintained on the books of such Person in   accordance with GAAP; (4) Liens in favor of issuers of performance, surety   bonds or bid, indemnity, warranty, release, appeal or similar bonds or with   respect to other regulatory requirements or letters of credit issued pursuant   to the request of and for the account of such Person in the ordinary course   of its business; (5) minor survey exceptions, minor encumbrances, easements   or reservations of, or rights of others for, licenses, rights-of-way, sewers,   electric lines, telegraph and telephone lines and other similar purposes, or   zoning or other restrictions (including, without limitation, minor defects or   irregularities in title and similar encumbrances) as to the use of real   properties or Liens incidental, to the conduct of the business of such Person   or to the ownership of its properties which were not incurred in connection   with Indebtedness and which do not in the aggregate materially adversely   affect the 146 1002217597 1001820109v3 

    

 

value of said   properties or materially impair their use in the operation of the business of   such Person; (6) Liens securing Indebtedness permitted to be incurred   pursuant to clause (4), (11) or (16) of Section 7.02(b); provided that Liens   securing Indebtedness permitted to be incurred pursuant to clause (16) extend   only to the assets of Foreign Subsidiaries; (7) Liens existing on the Closing   Date listed on Schedule 7.01(b); (8) Liens on property or shares of stock of   a Person at the time such Person becomes a Subsidiary; provided, however,   such Liens are not created or incurred in connection with, or in   contemplation of, such other Person becoming such a Subsidiary; provided,   further, however, that such Liens may not extend to any other property owned   by the Borrower or any of its Restricted Subsidiaries; (9) Liens on property   at the time the Borrower or a Restricted Subsidiary acquired the property,   including any acquisition by means of a merger or consolidation with or into   the Borrower or any of its Restricted Subsidiaries; provided, however, that   such Liens are not created or incurred in connection with, or in   contemplation of, such acquisition, merger or consolidation; provided,   further, however, that the Liens may not extend to any other property owned   by the Borrower or any of its Restricted Subsidiaries; (10) Liens securing   Indebtedness or other obligations of a Restricted Subsidiary owing to the   Borrower or another Restricted Subsidiary permitted to be incurred under   Section 7.02; (11) Liens securing Hedging Obligations so long as, in the case   of Hedging Obligations related to interest, the related Indebtedness is, and   is permitted to be under this Agreement, secured by a Lien on the same   property securing such Hedging Obligations; (12) Liens on specific items of   inventory of other goods and proceeds of any Person securing such Person’s   obligations in respect of bankers’ acceptances or trade letters of credit   issued or created for the account of such Person to facilitate the purchase,   shipment or storage of such inventory or other goods; (13) leases, subleases,   licenses or sublicenses (including of intellectual property) granted to   others in the ordinary course of business which do not materially interfere   with the ordinary conduct of the business of the Borrower or any of its Restricted   Subsidiaries and do not secure any Indebtedness; (14) Liens arising from   Uniform Commercial Code (or equivalent statute) financing statement filings   regarding operating leases entered into by the Borrower and its Restricted   Subsidiaries in the ordinary course of business; 147 1002217597 1001820109v3 

    

 

(15) Liens in   favor of the Borrower or any Guarantor; (16) Liens on equipment of the   Borrower or any of its Restricted Subsidiaries granted in the ordinary course   of business; (17) Liens on accounts receivable and related assets incurred in   connection with a Receivables Facility; (18) Liens to secure any refinancing,   refunding, extension, renewal or replacement (or successive refinancing,   refunding, extensions, renewals or replacements) as a whole, or in part, of   any Indebtedness secured by any Lien referred to in the foregoing clauses   (6), (7), (8), (9) and (18); provided, however, that (a) such new Lien shall   be limited to all or part of the same property that secured the original Lien   (plus improvements on such property), and (b) the Indebtedness secured by   such Lien at such time is not increased to any amount greater than the sum of   (i) the outstanding principal amount or, if greater, committed amount of the   Indebtedness described under clauses (6), (7), (8), (9) and (18) at the time   the original Lien became a Permitted Lien under this Agreement, and (ii) an   amount necessary to pay any fees and expenses, including premiums, and   accrued and unpaid interest related to such refinancing, refunding,   extension, renewal or replacement; (19) deposits made in the ordinary course   of business to secure liability to insurance carriers; (20) other Liens   securing obligations which do not exceed $100,000,000 at any one time   outstanding[reserved]; (21) Liens securing judgments for the payment of money   not constituting an Event of Default under Section 8.01(h) so long as such   Liens are adequately bonded and any appropriate legal proceedings that may   have been duly initiated for the review of such judgment have not been   finally terminated or the period within which such proceedings may be   initiated has not expired; (22) Liens in favor of customs and revenue   authorities arising as a matter of law to secure payment of customs duties in   connection with the importation of goods in the ordinary course of business;   (23) Liens (i) of a collection bank arising under Section 4-210 of the   Uniform Commercial Code or any comparable or successor provision on items in   the course of collection, (ii) attaching to commodity trading accounts or   other commodity brokerage accounts incurred in the ordinary course of   business, and (iii) in favor of banking or other financial institutions   arising as a matter of law encumbering deposits (including the right of   set-off) and which are within the general parameters customary in the banking   industry; 148 1002217597 1001820109v3 

    

 

(24) Liens   deemed to exist in connection with Investments in repurchase agreements   permitted under Section 7.02; provided that such Liens do not extend to any   assets other than those that are the subject of such repurchase agreement;   (25) Liens encumbering reasonable customary initial deposits and margin   deposits and similar Liens attaching to commodity trading accounts or other   brokerage accounts incurred in the ordinary course of business and not for   speculative purposes; (26) Liens that are contractual rights of set-off (i)   relating to the establishment of depository relations with banks not given in   connection with the issuance of Indebtedness, (ii) relating to pooled deposit   or sweep accounts of the Borrower or any of its Restricted Subsidiaries to permit   satisfaction of overdraft or similar obligations incurred in the ordinary   course of business of the Borrower and its Restricted Subsidiaries or (iii)   relating to purchase orders and other agreements entered into with customers   of the Borrower or any of its Restricted Subsidiaries in the ordinary course   of business; (27) Liens pursuant to any Loan Document; (28) on   CollateralLiens not otherwise permitted hereunder securing Indebtedness or   other obligations in an aggregate principal amount, which, when aggregated   (without duplication) with (x) the aggregate principal amount of secured   Indebtedness and other obligations then outstanding and secured pursuant this   clause (28) and (y) all Indebtedness, Disqualified Stock and Preferred Stock   then outstanding and incurred pursuant to Section 7.02(b)(20) and   7.02(b)(21), in each case so long as such Indebtedness is subject to the   Intercreditor Agreement (or Second Lien Intercreditor Agreement in the case   of Permitted Junior Secured Refinancing Debt);11), does not exceed 5% of   Total Assets at the time of inccurence; (29) Liens on the Equity Interests of   Unrestricted Subsidiaries that secure Indebtedness of such Unrestricted   Subsidiaries; (30) any encumbrance or restriction (including put and call   arrangements) with respect to capital stock of any joint venture or similar   arrangement pursuant to any joint venture or similar agreement; and (31)   Liens on property or assets used to defease or to irrevocably satisfy and   discharge Indebtedness; provided that such defeasance or satisfaction and   discharge is not prohibited by this Agreement; and (32) Liens on Equity   Interests constituting Margin Stock or Amber Holding Equity Interests. For   purposes of this Section 7.01, the term “Indebtedness” shall be deemed to   include interest on and the costs in respect of such Indebtedness. 149   1002217597 1001820109v3 

    

 

Section 7.02 Incurrence   of Indebtedness and Issuance of Disqualified Stock and Preferred Stock. (a)   The Borrower will not, and will not permit any of its Restricted Subsidiaries   to, directly or indirectly, create, incur, issue, assume, guarantee or   otherwise become directly or indirectly liable, contingently, or otherwise   (collectively, “incur” and collectively, an “incurrence”) with respect to any   Indebtedness (including Acquired Indebtedness) and the Borrower will not   issue any shares of Disqualified Stock and will not permit any Restricted   Subsidiary to issue any shares of Disqualified Stock or Preferred Stock;   provided, however, that the Borrower may incur Indebtedness (including   Acquired Indebtedness) or issue shares of Disqualified Stock, and any of its   Restricted Subsidiaries may incur Indebtedness (including Acquired   Indebtedness), issue shares of Disqualified Stock and issue shares of   Preferred Stock, if the Fixed Charge Coverage Ratio on a consolidated basis   for the Borrower and its Restricted Subsidiaries’ most recently ended four   fiscal quarters for which internal financial statements are available   immediately preceding the date on which such additional Indebtedness is   incurred or such Disqualified Stock or Preferred Stock is issued would have   been at least 2.25 to 1.00, determined on a pro forma basis (including a pro   forma application of the net proceeds therefrom), as if the additional Indebtedness   had been incurred, or the Disqualified Stock or Preferred Stock had been   issued, as the case may be, and the application of proceeds therefrom had   occurred at the beginning of the most recently ended four fiscal quarters for   which internal financial statements are available; provided, further, that   the amount of Indebtedness (including Acquired Indebtedness), Disqualified   Stock and Preferred Stock that may be incurred or issued, as applicable,   pursuant to the foregoing by non-Loan Parties shall not exceed $250,000,000   at any one time outstanding.. (b) The provisions of Section 7.02(a) hereof   shall not apply to: (1) Indebtedness of any Loan Party under the Loan   Documents; (2) the incurrence by the Borrower and any Guarantor of   Indebtedness represented by the Senior Notes (including any guarantee   thereof) issued and outstanding on the Closing Date[reserved]; (3)   Indebtedness of the Borrower and its Restricted Subsidiaries in existence on   the Closing Date (other than Indebtedness described in clausesclause (1) and   (2)) listed on Schedule 7.02(b); (4) Indebtedness (including Capitalized   Lease Obligations), Disqualified Stock and Preferred Stock incurred by the   Borrower or any of its Restricted Subsidiaries, to finance the purchase,   lease, construction or improvement of property (real or personal) or   equipment that is used or useful in a Similar Business, whether through the   direct purchase of assets or the Capital Stock of any Person owning such   assets, in an aggregate principal amount or liquidation preference which,   when aggregated with the principal amount of all other Indebtedness,   Disqualified Stock and Preferred Stock then outstanding and together with any   other Indebtedness incurred 150 1002217597 1001820109v3 

    

 

under this   clause (4) not to exceed the greater of (x) $125,000,000 and (y) 1.0% of the   Total Assets at the time of incurrence; (5) Indebtedness incurred by the   Borrower or any of its Restricted Subsidiaries constituting reimbursement   obligations with respect to letters of credit, bankers’ acceptances, bank   guarantees, warehouse receipts or similar facilities issued or entered into   in the ordinary course of business, including letters of credit in respect of   workers’ compensation claims, performance or surety bonds, health, disability   or other employee benefits or property, casualty or liability insurance or   self-insurance or other Indebtedness with respect to reimbursement type   obligations regarding workers’ compensation claims, performance or surety   bonds, health, disability or other employee benefits or property, casualty or   liability insurance or self-insurance; (6) Indebtedness arising from   agreements of the Borrower or its Restricted Subsidiaries providing for   indemnification, adjustment of purchase price or similar obligations, in each   case, incurred or assumed in connection with the disposition of any business,   assets or a Subsidiary, other than guarantees of Indebtedness incurred by any   Person acquiring all or any portion of such business, assets or a Subsidiary   for the purpose of financing such acquisition; provided, however, that the   maximum assumable liability in respect of all such Indebtedness shall at no   time exceed the gross proceeds including non-cash proceeds (the fair market   value (as determined in good faith by the Borrower) of such non-cash proceeds   being measured at the time received and without giving effect to any   subsequent changes in value) actually received by the Borrower and its   Restricted Subsidiaries in connection with such disposition; (7) Indebtedness   of (A) the Borrower or a Restricted Subsidiary to a Restricted Subsidiary or   (B) of a Restricted Subsidiary to the Borrower; provided that (x) any such   Indebtedness of the Borrower or a or another Restricted Subsidiary that is a   Guarantor owing to a Restricted Subsidiary that is not a Guarantor is   expressly subordinated in right of payment to the Obligations and (y) any   Indebtedness of a Restricted Subsidiary that is not a Guarantor owed to the   Borrower or Guarantor to the extent constituting an Investment must be   permitted under Section 7.05; provided further that any subsequent issuance   or transfer of any Capital Stock or any other event which results in any   Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other   subsequent transfer of any such Indebtedness (except to the Borrower or   another Restricted Subsidiary or any pledge of such Indebtedness constituting   a Permitted Lien) shall be deemed, in each case, to be an incurrence of such   Indebtedness not permitted by this clause (7); (8) shares of Preferred Stock   of a Restricted Subsidiary issued to the Borrower or another Restricted   Subsidiary, provided that any subsequent issuance or transfer of any Capital   Stock or any other event which results in any such Restricted Subsidiary   ceasing to be a Restricted Subsidiary or any other subsequent transfer of any   such shares of Preferred Stock (except to the Borrower or another of its   Restricted Subsidiaries) shall be deemed in each case to be an issuance of   such shares of Preferred Stock not permitted by this clause (8); 151   1002217597 1001820109v3 

    

 

(9) Hedging   Obligations (excluding Hedging Obligations entered into for speculative   purposes) for the purpose of limiting interest rate risk with respect to any   Indebtedness permitted to be incurred pursuant to this Section 7.02, exchange   rate risk or commodity pricing risk; (10) obligations in respect of   performance, bid, appeal and surety bonds and completion guarantees and   similar obligations provided by the Borrower or any of its Restricted   SubsidiarySubsidiaries or obligations in respect of letters of credit, bank   guarantees or similar instruments related thereto, in each case in the   ordinary course of business or consistent with past practice; (11)   Indebtedness or Disqualified Stock of the Borrower and Indebtedness,   Disqualified Stock or Preferred Stock of the Borrower or any Restricted   Subsidiary not otherwise permitted hereunder in an aggregate principal amount   or liquidation preference, which ; provided that the Borrower shall be in   compliance with the financial covenant set forth in Section 7.11 on a Pro   Forma Basis; provided, further, that the amount of Indebtedness, Disqualified   Stock and Preferred Stock that may be incurred or issued, as applicable,   pursuant to this clause (11) by non-Loan Parties, when aggregated (without   duplication) with (x) the principal amount and liquidation preference of all   other Indebtedness, Disqualified Stock and Preferred Stock then outstanding   and incurred pursuant to this clause (11), does not at any one time   outstanding exceed the greater of (x) $400,000,000 and (y) 3.0% of Total   Assets (it being understood that any Indebtedness, Disqualified Stock or   Preferred Stock incurred pursuant to this clause (11) shall cease to be   deemed incurred or outstanding for purposes of this clause (11) but shall be   deemed incurred under Section 7.02(a) from and after the first date on which   the Borrower or such Restricted Subsidiary could have incurred such   Indebtedness, Disqualified Stock or Preferred Stock under Section 7.02(a)   without reliance on this clause (11);by non-Loan Parties and (y) the   aggregate principal amount of secured Indebtedness and other obligations then   outstanding and secured pursuant Section 7.01(28), does not exceed 5% of   Total Assets at the Time of Incurrence; (12) the incurrence by the Borrower   or any Restricted Subsidiary of Indebtedness, Disqualified Stock or Preferred   Stock which serves to refund or refinance: (a) any Indebtedness, Disqualified   Stock or Preferred Stock incurred as permitted under Section 7.02(a) hereof   and clauses (2) andclause (3) above, this clause (12) and clauses (13) and   (19) below of this Section 7.02(b), or (b) any Indebtedness, Disqualified   Stock or Preferred Stock issued to so refund or refinance the Indebtedness,   Disqualified Stock or Preferred Stock described in clause (a) above of this   Section 7.02(b)(12), including, in each case, additional Indebtedness,   Disqualified Stock or Preferred Stock incurred to pay accrued unpaid   interest, premiums (including tender premiums), defeasance costs and 152   1002217597 1001820109v3 

    

 

fees and   expenses in connection therewith (collectively, the “Refinancing   Indebtedness”) prior to its respective maturity; provided, however, that such   Refinancing Indebtedness: (A) has a Weighted Average Life to Maturity at the   time such Refinancing Indebtedness is incurred which is not less than the   remaining Weighted Average Life to Maturity of the Indebtedness, Disqualified   Stock or Preferred Stock being refunded or refinanced, and (B) to the extent   such Refinancing Indebtedness refinances (i) Indebtedness subordinated to, or   ranking pari passu, in each case, in right of payment, to the Obligations or   the Guaranty, such Refinancing Indebtedness is subordinated to, or ranking   pari passu, as the case may be, in each case, in right of payment, to the   Obligations or the Guaranty at least to the same extent as the Indebtedness   being refinanced or refunded or (ii) Disqualified Stock or Preferred Stock,   such Refinancing Indebtedness must be Disqualified Stock or Preferred Stock,   respectively, and. (13) [reserved]; (C) shall not include: (i) Indebtedness,   Disqualified Stock or Preferred Stock of a Subsidiary of the Borrower that is   not a Guarantor that refinances Indebtedness, Disqualified Stock or Preferred   Stock of the Borrower; (ii) Indebtedness, Disqualified Stock or Preferred   Stock of a Subsidiary of the Borrower that is not a Guarantor that refinances   Indebtedness, Disqualified Stock or Preferred Stock of a Guarantor; or (iii)   Indebtedness, Disqualified Stock or Preferred Stock of the Borrower or a   Restricted Subsidiary that refinances Indebtedness, Disqualified Stock or   Preferred Stock of an Unrestricted Subsidiary; (13) Indebtedness,   Disqualified Stock or Preferred Stock of (x) the Borrower or a Restricted   Subsidiary incurred to finance an acquisition or (y) Persons that are   acquired by the Borrower or any Restricted Subsidiary or merged into or   consolidated with the Borrower or a Restricted Subsidiary in accordance with   the terms of this Agreement; provided that after giving effect to such   acquisition, merger or consolidation, either: (a) the Borrower would be   permitted to incur at least $1.00 of additional Indebtedness pursuant to the   Fixed Charge Coverage Ratio test set forth in Section 7.02(a), or 153   1002217597 1001820109v3 

    

 

(b) the Fixed   Charge Coverage Ratio of the Borrower and its Restricted Subsidiaries is   equal to or greater than immediately prior to such acquisition, merger or   consolidation; (14) Indebtedness arising from the honoring by a bank or other   financial institution of a check, draft or similar instrument drawn against   insufficient funds in the ordinary course of business, provided that such   Indebtedness is extinguished within five Business Days of notice of its   incurrence; (15) (a) any guarantee by the Borrower or a Restricted Subsidiary   of Indebtedness or other obligations of any Restricted Subsidiary so long as   the incurrence of such Indebtedness incurred by such Restricted Subsidiary is   permitted under the terms of this Agreement, or (b) any guarantee by a Restricted   Subsidiary of Indebtedness of the Borrower; (16) Indebtedness of Foreign   Subsidiaries of the Borrower at any one time outstanding and together with   any other Indebtedness incurred under this clause (16) not to exceed the   greater of (x) $200 million and (y) 5.0% of the Total Assets of the Foreign   Subsidiaries at the time of incurrence (it being understood that any   Indebtedness incurred pursuant to this clause (16) shall cease to be deemed   incurred or outstanding for purposes of this clause (16) but shall be deemed   incurred for the purposes of Section 7.02(a) from and after the first date on   which such Foreign Subsidiary could have incurred such Indebtedness under   Section 7.02(a) without reliance on this clause (16));[reserved]; (17)   Indebtedness of the Borrower or any of its Restricted Subsidiaries consisting   of (i) the financing of insurance premiums or (ii) take-or-pay obligations   contained in supply arrangements in each case, incurred in the ordinary   course of business; (18) Indebtedness of the Borrower or any of its   Restricted Subsidiaries undertaken in connection with cash management and   related activities with respect to any Subsidiary or joint venture in the   ordinary course of business; (19) Indebtedness consisting of Indebtedness   issued by the Borrower or any of its Restricted Subsidiaries to current or   former officers, directors and employees thereof, their respective estates,   spouses or former spouses, in each case to finance the purchase or redemption   of Equity Interests of the Borrower permitted under Section 7.05(b)(4); (20)   Indebtedness incurred pursuant to a Permitted Debt Offering so long as the   aggregate principal amount of such Indebtedness does not exceed the Maximum   Incremental Facilities Amount[reserved]; and (21) Credit Agreement Refinancing   Indebtedness[reserved]. 154 1002217597 1001820109v3 

    

 

(c) For   purposes of determining compliance with this Section 7.02: (1) in the event   that an item of Indebtedness, Disqualified Stock or Preferred Stock (or any   portion thereof) meets the criteria of more than one of the categories of   permitted Indebtedness, Disqualified Stock or Preferred Stock described in   clauses (1) through (21) of Section 7.02(b) above or is entitled to be   incurred pursuant to Section 7.02(a) hereof, the Borrower, in its sole   discretion, will classify or reclassify such item of Indebtedness,   Disqualified Stock or Preferred Stock (or any portion thereof) and will only   be required to include the amount and type of such Indebtedness, Disqualified   Stock or Preferred Stock in one of the above clauses; provided that all   Indebtedness outstanding under the Credit Facilities on the Closing Date will   be treated as incurred on the Closing Date under clause (1) of Section   7.02(b) hereof and will not later be reclassified; andand (2) at the time of   incurrence, the Borrower will be entitled to divide and classify an item of   Indebtedness in more than one of the types of Indebtedness described in   Section 7.02(a) and Section 7.02(b) hereof. Accrual of interest, the accretion   of accreted value and the payment of interest or dividends in the form of   additional Indebtedness, Disqualified Stock or Preferred Stock, as   applicable, will not be deemed to be an incurrence of Indebtedness,   Disqualified Stock or Preferred Stock for purposes of this Section 7.02. Any   refinancing Indebtedness and any Indebtedness incurred to refinance   Indebtedness incurred pursuant to clauses (1) and (11) above shall be   permitted to include additional Indebtedness, Disqualified Stock or Preferred   Stock incurred to pay premiums (including tender premiums), defeasance costs,   accrued and unpaid interest, fees and expenses in connection with such   refinancing. For purposes of determining compliance with any U.S.   dollar-denominated restriction on the incurrence of Indebtedness, the U.S.   dollar-equivalent principal amount of Indebtedness denominated in a foreign   currency shall be calculated based on the relevant currency exchange rate in   effect on the date such Indebtedness was incurred, in the case of term debt, or   first committed, in the case of revolving credit debt; provided that if such   Indebtedness is incurred to refinance other Indebtedness denominated in a   foreign currency, and such refinancing would cause the applicable U.S.   dollar-denominated restriction to be exceeded if calculated at the relevant   currency exchange rate in effect on the date of such refinancing, such U.S.   dollar-denominated restriction shall be deemed not to have been exceeded so   long as the principal amount of such refinancing Indebtedness does not exceed   the principal amount of such Indebtedness being refinanced. The principal   amount of any Indebtedness incurred to refinance other Indebtedness, if   incurred in a different currency from the Indebtedness being refinanced,   shall be calculated based on the currency exchange rate applicable to the   currencies in which such respective Indebtedness is denominated that is in   effect on the date of such refinancing. Notwithstanding anything to the   contrary contained in this Section 7.02, the Borrower will not, and will not   permit any Guarantor to, directly or indirectly, incur any Indebtedness 155   1002217597 1001820109v3 

    

 

(including   Acquired Indebtedness) that is subordinated or junior in right of payment to   any Indebtedness of the Borrower or such Guarantor, as the case may be,   unless such Indebtedness is expressly subordinated in right of payment to the   Obligations or such Guarantor’s Guarantee to the extent and in the same   manner as such Indebtedness is subordinated to other Indebtedness of the   Borrower or such Guarantor, as the case may be. For the purposes of this   Agreement, (1) Indebtedness that is unsecured is not deemed to be   subordinated or junior to Securedsecured Indebtedness merely because it is   unsecured, and (2) Senior Indebtedness is not deemed to be subordinated or   junior to any other Senior Indebtedness merely because it has a junior   priority with respect to the same collateral. Section 7.03 Fundamental   Changes. Neither the Borrower nor any of its Restricted Subsidiaries shall   merge, dissolve, liquidate, consolidate with or into another Person, or   Dispose of (whether in one transaction or in a series of transactions) all or   substantially all of its assets (whether now owned or hereafter acquired) to   or in favor of any Person (other than as part of the Transaction or the 2015   Transactions), except that: (a) any Restricted Subsidiary may merge or   consolidate with (i) the Borrower (including a merger, the purpose of which   is to reorganize the Borrower into a new jurisdiction); provided that the   Borrower shall be the continuing or surviving Person or (ii) one or more   other Restricted Subsidiaries; provided that when any Person that is a Loan   Party is merging with a Restricted Subsidiary under clause (a), (x) a Loan   Party shall be the continuing or surviving Person; or (y) to the extent   constituting an Investment, such Investment must be a permitted Investment in   or Indebtedness of a Restricted Subsidiary which is not a Loan Party in   accordance with Sections 7.02 and 7.05 or the definition of Permitted   Investment (other than clause (d) thereof), respectively; (b) (i) any   Subsidiary that is not a Loan Party may merge or consolidate with or into any   other Subsidiary that is not a Loan Party and (ii) any Subsidiary may liquidate   or dissolve if the Borrower determines in good faith that such action is in   the best interest of the Borrower and its Subsidiaries and if not materially   disadvantageous to the Lenders; (c) the Borrower or any Restricted Subsidiary   may Dispose of all or substantially all of its assets (upon voluntary   liquidation or otherwise) to the Borrower or to another Restricted   Subsidiary; provided that if the transferor in such a transaction is the   Borrower or a Guarantor, then (i) the transferee must be the Borrower or a   Guarantor or (ii) to the extent constituting an Investment, such Investment   must be a permitted Investment in or Indebtedness of a Restricted Subsidiary   which is not a Loan Party in accordance with Sections 7.02 and 7.05 or the   definition of Permitted Investment (other than clause (d) thereof),   respectively; and (d) so long as no Default exists or would result therefrom,   the Borrower may merge or consolidate with any other Person; provided that   (i) the Borrower shall 156 1002217597 1001820109v3 

    

 

be the   continuing or surviving corporation or (ii) if the Person formed by or   surviving any such merger or consolidation (any such Person, the “Successor   Company”) is not the Borrower, (A) the Successor Company shall be an entity   organized or existing under the laws of the United States, any state thereof,   the District of Columbia or any territory thereof, (B) the Successor Company   shall expressly assume all the obligations of the Borrower under this   Agreement and the other Loan Documents to which the Borrower is a party   pursuant to a supplement hereto or thereto in form reasonably satisfactory to   the Administrative Agent, (C) each Guarantor, unless it is the other party to   such merger or consolidation, shall have confirmed that its Guarantee shall   apply to the Successor Company’s obligations under the Loan Documents, (D)   each Guarantor, unless it is the other party to such merger or consolidation,   shall have by a supplement to the Security Agreement and other applicable   Collateral Documents confirmed that its obligations thereunder shall apply to   the Successor Company’s obligations under the Loan Documents, (E) each   mortgagor of a parcel of Real Property that is subject to a Mortgage, unless   it is the other party to such merger or consolidation, shall have by an   amendment to or restatement of the applicable Mortgage confirmed that its   obligations thereunder shall apply to the Successor Company’s obligations   under the Loan Documents[reserved], (E) [reserved], and (F) the Borrower   shall have delivered to the Administrative Agent an officer’s certificate and   an opinion of counsel, each stating that such merger or consolidation and   such supplement to this Agreement or any Collateral Document comply with this   Agreement; provided, further, that if the foregoing are satisfied, the   Successor Company will succeed to, and be substituted for, the Borrower under   this Agreement; (e) so long as no Default exists or would result therefrom, a   Guarantor may merge or consolidate with any other Person; provided that (i)   such Guarantor shall be the continuing or surviving corporation or (ii) if   the Successor Company is not such Guarantor, (A) the Successor Company shall   be an entity organized or existing under the laws of the United States, any   state thereof, the District of Columbia or any territory thereof, (B) the   Successor Company shall expressly assume all the obligations of such   Guarantor under this Agreement and the other Loan Documents to which such   Guarantor is a party pursuant to a supplement hereto or thereto in form   reasonably satisfactory to the Administrative Agent, (C) each other   Guarantor, unless it is the other party to such merger or consolidation,   shall have confirmed that its Guarantee shall apply to the Successor   Company’s obligations under the Loan Documents, (D) each other Guarantor,   unless it is the other party to such merger or consolidation, shall have by a   supplement to the Security Agreement and other applicable Collateral   Documents confirmed that its obligations thereunder shall apply to the   Successor Company’s obligations under the Loan Documents, (E) each mortgagor   of a parcel of Real Property that is subject to a Mortgage, unless it is the   other party to such merger or consolidation, shall have by an amendment to or   restatement of the applicable Mortgage confirmed that its obligations   thereunder shall apply to the Successor Company’s obligations under the Loan   Documents[reserved], (E) [reserved], and (F) such Guarantor shall have   delivered to the Administrative Agent an officer’s certificate and an opinion   of counsel, each stating that such merger or consolidation and such   supplement to this Agreement or any Collateral Document comply with this 157   1002217597 1001820109v3 

    

 

Agreement;   provided, further, that if the foregoing are satisfied, the Successor Company   will succeed to, and be substituted for, such Guarantor under this Agreement;   (f) so long as no Default exists or would result therefrom, the Borrower or   any Restricted Subsidiary may merge or consolidate with any other Person in   order to effect an Investment permitted pursuant to Section 7.05; provided   that the continuing or surviving Person shall be the Borrower or a Restricted   Subsidiary, which together with each of its Restricted Subsidiaries, shall   have complied with the requirements of Section 6.11; and (g) so long as no   Default exists or would result therefrom, a merger, dissolution, liquidation,   consolidation or Disposition, the purpose of which is to effect a Disposition   permitted pursuant to Section 7.04; and (h) any Restricted Subsidiary may   dispose of the Equity Interests of the Target, to the extent constituting   Margin Stock. Section 7.04Dispositions. The Borrower shall not, and shall not   permit any of its Restricted Subsidiaries to, consummate any Disposition,   except: (a) any disposition of Cash Equivalents or Investment Grade   Securities or obsolete or worn out equipment or other assets in the ordinary   course of business or any disposition of inventory or goods (or other assets)   held for sale in the ordinary course of business; (b) the disposition of all   or substantially all of the assets of the Borrower in a manner permitted   pursuant to Section 7.03 or any disposition that constitutes a Change of   Control pursuant to this Agreement; (c) the making of any Restricted Payment   or Permitted Investment that is permitted to be made, and is made, under   Section 7.05 or any Permitted Investment; (d) any disposition of assets or   issuance or sale of Equity Interests of any Restricted Subsidiary in any   transaction or series of transactions with an aggregate fair market value (as   determined in good faith by the Borrower) of less than   $75,000,000;[reserved]; (e) any disposition of property or assets or issuance   of securities by a Restricted Subsidiary of the Borrower to the Borrower or   by the Borrower or a Restricted Subsidiary of the Borrower to another   Restricted Subsidiary of the Borrower; (f) to the extent allowable under   Section 1031 of the Internal Revenue Code of 1986, or any comparable or   successor provision, any exchange of like property (excluding any boot   thereon) for use in a Similar Business; 158 1002217597 1001820109v3 

    

 

(g) the lease,   assignment or sub-lease of any real or personal property in the ordinary   course of business; (h) any issuance or sale of Equity Interests in, or   Indebtedness or other securities of, an Unrestricted Subsidiary; (i)   foreclosures on assets; (j) sales of accounts receivable, or participations   therein, in connection with any Receivables Facility; (k) any financing   transaction with respect to property built or acquired by the Borrower or any   Restricted Subsidiary after the Closing Date, including Sale and Lease-Back   Transactions and asset securitizations permitted by this Agreement; (l) the   licensing or sub-licensing of intellectual property or other general   intangibles in the ordinary course of business (other than exclusive,   world-wide licenses that are longer than three years); (m) sales, transfers   and other dispositions of Investments in joint ventures to the extent   required by, or made pursuant to, customary buy/sell arrangements between the   joint venture parties set forth in joint venture arrangements and similar   binding arrangements; (n) the lapse or abandonment of intellectual property   rights in the ordinary course of business which, in the reasonable good faith   determination of the Borrower, are not material to the conduct of the   business of the Borrower and its Restricted Subsidiaries taken as a whole;   (o) (1) Dispositionsany Permitted Asset Swap in which the Borrower or such   Restricted Subsidiary, as the case may be, receives consideration at the time   of such DispositionPermitted Asset Swap at least equal to the fair market   value (as determined in good faith by the Borrower) of the assets sold or   otherwise disposed of; and (2) except in the case of a Permitted Asset Swap,   at least 75% of the consideration therefor received by the Borrower or such   Restricted Subsidiary, as the case may be, is in the form of cash or Cash   Equivalents; provided that the amount of: (i) any liabilities (as shown on   the Borrower’s or such Restricted Subsidiary’s most recent consolidated   balance sheet or in the footnotes thereto, or if incurred or accrued   subsequent to the date of such balance sheet, such liabilities that would   have been reflected on the Borrower’s consolidated balance sheet or in the   footnotes thereto if such incurrence or accrual had taken place on or prior   to the date of such balance sheet, as determined in good faith by the   Borrower) of the Borrower or such Restricted Subsidiary, other than   liabilities that are by their terms subordinated to the Obligations, that are   assumed by the transferee of any such assets (or are otherwise extinguished   by the transferee in connection with the transactions relating to such   Disposition) 159 1002217597 1001820109v3 

    

 

and for which   the Borrower and all such Restricted Subsidiaries have been validly released   by all applicable creditors in writing, (ii) any securities received by the   Borrower or such Restricted Subsidiary from such transferee that are   converted by the Borrower or such Restricted Subsidiary into cash or Cash   Equivalents, or by their terms are required to be satisfied for cash or Cash   Equivalents (to the extent of the cash or Cash Equivalents received), in each   case, within 180 days following the closing of such Disposition, and (iii)   any Designated Non-cash Consideration received by the Borrower or such   Restricted Subsidiary in such Disposition having an aggregate fair market   value (as determined in good faith by the Borrower), taken together with all   other Designated Non-cash Consideration received pursuant to this clause   (iii) that is at that time outstanding, not to exceed the greater of (x)   $300,000,000 and (y) 2.50% of Total Assets at the time of the receipt of such   Designated Non-cash Consideration, with the fair market value (as determined   in good faith by the Borrower) of each item of Designated Non-cash   Consideration being measured at the time received and without giving effect   to subsequent changes in value, shall be deemed to be cash for purposes of   clause (2) above and for no other purpose; and (p) the Disposition of any Equity   Interests constituting Margin Stock or Amber Holding Equity Interests.; and   (q) Dispositions not otherwise permitted hereunder, provided that at the time   of any such Disposition, no Specified Default or Event of Default shall be   continuing or would occur as a consequence thereof. Section 7.05Restricted   Payments. (a) The Borrower will not, and will not permit any of its   Restricted Subsidiaries to, directly or indirectly, (I) declare or pay any   dividend or make any payment or distribution on account of the Borrower’s or   any of its Restricted Subsidiaries’ Equity Interests, including any dividend   or distribution payable in connection with any merger or consolidation other   than (x) dividends or distributions payable by the Borrower solely in Equity   Interests (other than Disqualified Stock) of the Borrower, or (y) dividends   or distributions by a Restricted Subsidiary so long as, in the case of any   dividend or distribution payable on or in respect of any class or series of   securities issued by a Restricted Subsidiary other than a Wholly-Owned   Subsidiary, the Borrower or a Restricted Subsidiary receives at least its pro   rata share of such dividend or distribution in accordance with its Equity   Interests in such class or series of securities; (II) purchase, redeem,   defease or otherwise acquire or retire for value any Equity Interests of the   Borrower, including in connection with any merger or consolidation; (III)   make any principal payment on, or redeem, repurchase, defease or otherwise   acquire or retire for value in each case, prior to any scheduled repayment,   sinking fund payment or maturity, any 160 1002217597 1001820109v3 

    

 

Subordinated   Indebtedness other than (x) Indebtedness permitted under Section 7.02(b)(7);   or (y) the purchase, repurchase or other acquisition of Subordinated   Indebtedness purchased in anticipation of satisfying a sinking fund   obligation, principal installment or final maturity, in each case due within   one year of the date of purchase, repurchase or acquisition[reserved]; or   (IV) make any Restricted Investment (all such payments and other actions set   forth in clauses (I) through (IV) above being collectively referred to as   “Restricted Payments”), unless, at the time of such Restricted Payment:. (1)   no Default shall have occurred and be continuing or would occur as a   consequence thereof; (2) immediately after giving effect to such transaction   on a pro forma basis, the Borrower could incur $1.00 of additional   Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in   Section 7.02(a); and (3) such Restricted Payment, together with the aggregate   amount of all other Restricted Payments made by the Borrower and its   Restricted Subsidiaries after the Closing Date (including Restricted Payments   permitted by Section 7.05(b)(1), (2) (with respect to the payment of   dividends on Refunding Capital Stock pursuant to clause (b) thereof only),   (8) and (12), but excluding all other Restricted Payments permitted by   Section 7.05(b)), is less than the sum of (without duplication): (A) 50% of   the Consolidated Net Income of the Borrower for the period (taken as one   accounting period) beginning July 1, 2013 to the end of the Borrower’s most   recently ended fiscal quarter for which internal financial statements are   available at the time of such Restricted Payment or, in the case such   Consolidated Net Income for such period is a deficit, minus 100% of such   deficit; plus (B) 100% of the aggregate net cash proceeds and the fair market   value, as determined in good faith by the Borrower, of marketable securities   or other property received by the Borrower since immediately after the   Closing Date from the issue or sale of: (i) Equity Interests of the Borrower,   including Treasury Capital Stock, but excluding cash proceeds and the fair   market value, as determined in good faith by the Borrower, of marketable   securities or other property received from the sale of: (x) Equity Interests   to members of management, directors or consultants of the Borrower after the   Closing Date to the extent such amounts have been applied to Restricted   Payments made in accordance with Section 7.05(b)(4); and (y) Designated   Preferred Stock; and 161 1002217597 1001820109v3 

    

 

(ii) debt   securities of the Borrower or a Restricted Subsidiary that have been   converted into or exchanged for such Equity Interests of the Borrower;   provided, however, that this Section 7.05(a)(3)(B) shall not include the   proceeds from (W) Refunding Capital Stock, (X) Equity Interests or   convertible debt securities of the Borrower sold to a Restricted Subsidiary   or (Y) Disqualified Stock or debt securities that have been converted or   exchanged into Disqualified Stock; plus (C) 100% of the aggregate amount of   cash and the fair market value, as determined in good faith by the Borrower,   of marketable securities or other property contributed to the capital of the   Borrower following the Closing Date (other than by a Restricted Subsidiary);   plus (D) 100% of the aggregate amount received in cash and the fair market   value, as determined in good faith by the Borrower, of marketable securities   or other property received by means of: (i) the sale or other disposition   (other than to the Borrower or a Restricted Subsidiary) of Restricted   Investments made by the Borrower or its Restricted Subsidiaries and   repurchases and redemptions of such Restricted Investments from the Borrower   or its Restricted Subsidiaries and repayments of loans or advances, and   releases of guarantees, which constitute Restricted Investments by the   Borrower or its Restricted Subsidiaries, in each case after the Closing Date;   or (ii) the sale (other than to the Borrower or a Restricted Subsidiary) of   the stock of an Unrestricted Subsidiary; plus (E) in the case of the   redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary after   the Closing Date, the fair market value of the Investment in such   Unrestricted Subsidiary, as determined by the Borrower in good faith or if   such fair market value may exceed $100,000,000, in writing by an Independent   Financial Advisor, at the time of the redesignation of such Unrestricted   Subsidiary as a Restricted Subsidiary other than to the extent such   Investment constituted a Permitted Investment. (b) The foregoing provisions   of Section 7.05(a) will not prohibit: (1) the payment of any dividend or   distribution or the consummation of any irrevocable redemption within 60 days   after the date of declaration thereof or the giving of such irrevocable   notice, as applicable, if at the date of declaration or the giving of such   notice such payment would have complied with the provisions of this Agreement   as if it were and is deemed at such time to be a Restricted Payment at the   time of such notice; 162 1002217597 1001820109v3 

    

 

(2) (a) any   Restricted Payment in exchange for, or out of the proceeds of the   substantially concurrent sale (other than to the Borrower or a Restricted   Subsidiary) of, Equity Interests of the Borrower (other than any Disqualified   Stock) (“Refunding Capital Stock”), and (b) the declaration and payment of   dividends on any redeemed, repurchased, retired or otherwise acquired Equity   Interests of the Borrower (“Treasury Capital Stock”) out of the proceeds of   the substantially concurrent sale (other than to the Borrower or a Restricted   Subsidiary) of the Refunding Capital Stock, and (c) if immediately prior to   the retirement of Treasury Capital Stock, the declaration and payment of   dividends thereon was permitted under Section 7.05(b)(6) and not made   pursuant to clause (b) above, the declaration and payment of dividends on the   Refunding Capital Stock in an aggregate amount per year no greater than the   aggregate amount of dividends per annum that were declarable and payable on   such Treasury Capital Stock immediately prior to such retirement;; (3)   [reserved]; (3) the purchase, redemption, defeasance, repurchase or other   acquisition or retirement of Subordinated Indebtedness of the Borrower or a   Guarantor made by exchange for, or out of the proceeds of the substantially   concurrent sale of, new Indebtedness of the Borrower or a Guarantor, as the   case may be, which is incurred in compliance with Section 7.02 so long as:   (a) the principal amount (or accreted value, if applicable) of such new Indebtedness   does not exceed the principal amount of (or accreted value, if applicable),   plus any accrued and unpaid interest on, the Subordinated Indebtedness being   so purchased, redeemed, defeased, repurchased, acquired or retired for value,   plus the amount of any premium required to be paid under the terms of the   instrument governing the Subordinated Indebtedness being so purchased,   redeemed, defeased, repurchased, acquired or retired and any fees and   expenses incurred in connection with the issuance of such new Indebtedness;   (b) such new Indebtedness is subordinated to the Loans or the applicable   Guarantee at least to the same extent as such Subordinated Indebtedness so   purchased, exchanged, redeemed, defeased, repurchased, acquired or retired   for value; (c) such new Indebtedness has a final scheduled maturity date   equal to or later than the final scheduled maturity date of the Subordinated   Indebtedness being so purchased, exchanged, redeemed, defeased, repurchased,   acquired or retired; and (d) such new Indebtedness has a Weighted Average   Life to Maturity equal to or greater than the remaining Weighted Average Life   to Maturity of the Subordinated Indebtedness being so purchased, exchanged,   redeemed, defeased, repurchased, acquired or retired; 163 1002217597 1001820109v3   

    

 

(4) a   Restricted Payment to pay for the repurchase, retirement or other acquisition   or retirement for value of Equity Interests (other than Disqualified Stock)   of the Borrower held by any future, present or former employee, director or   consultant of the Borrower or any of its Subsidiaries pursuant to any   management equity plan or stock option plan or any other management or   employee benefit plan or agreement, or any stock subscription or shareholder   agreement; provided, however, that the aggregate Restricted Payments made   under this Section 7.05(b)(4) do not exceed in any calendar year $25,000,000   (with unused amounts in any calendar year being carried over to succeeding   calendar years subject to a maximum of $50,000,000 in any calendar year);   provided further that such amount in any calendar year may be increased by an   amount not to exceed: (a) the cash proceeds from the sale of Equity Interests   (other than Disqualified Stock) of the Borrower to members of management, directors   or consultants of the Borrower or any of its Subsidiaries that occurs after   the Closing Date, to the extent the cash proceeds from the sale of such   Equity Interests have not otherwise been applied to the payment of Restricted   Payments by virtue of Section 7.05(a)(3); plus (b) the cash proceeds of key   man life insurance policies received by the Borrower or any of its Restricted   Subsidiaries after the Closing Date; less (c) the amount of any Restricted   Payments previously made with the cash proceeds described in clauses (a) and   (b) of this Section 7.05(b)(4); and provided further that cancellation of   Indebtedness owing to the Borrower or any Restricted Subsidiary from members   of management of the Borrower or any of the Borrower’s Restricted   Subsidiaries in connection with a repurchase of Equity Interests of the   Borrower will not be deemed to constitute a Restricted Payment for purposes   of this Section 7.05 or any other provision of this Agreement; (5) the   declaration and payment of dividends to holders of any class or series of   Disqualified Stock of the Borrower or any of its Restricted Subsidiaries   issued in accordance with Section 7.02 to the extent such dividends are   included in the definition of “Fixed Charges”;” (6) (a) the declaration and   payment of dividends to holders of any class or series of Designated   Preferred Stock (other than Disqualified Stock) issued by the Borrower after   the Closing Date; or[reserved]; (b) the declaration and payment of dividends   on Refunding Capital Stock that is Preferred Stock in excess of the dividends   declarable and payable thereon pursuant to Section 7.05(b)(2); provided,   however, in the case of each of clauses (a) and (b) of this Section   7.05(b)(6), that for the most recently ended four full fiscal quarters for   which internal 164 1002217597 1001820109v3 

    

 

financial   statements are available immediately preceding the date of issuance of such   Designated Preferred Stock or the declaration of such dividends on Refunding   Capital Stock that is Preferred Stock, after giving effect to such issuance   or declaration on a pro forma basis, Borrower and its Restricted Subsidiaries   on a consolidated basis would have had a Fixed Charge Coverage Ratio of at   least 2.00 to 1.00; (7) repurchases of Equity Interests deemed to occur (i)   upon exercise of stock options or warrants if such Equity Interests represent   a portion of the exercise price of such options or warrants or (ii) for   purposes of satisfying any required tax withholding obligation upon the   exercise or vesting of a grant or award that was granted or awarded to an   employee; (8) Restricted Payments on the Borrower’s common stock (x) of an   aggregate amount not to exceed $150,000,000 in any calendar year, with such   amount increasing 7.5% each calendar year after the Closing Date, and (y)   held by Amber Holding to the extent it is a wholly owned Subsidiary of the   Borrower; provided that the Restricted Payments under this subclause (y)   shall be distributed to the Borrower by Amber Holding promptly following any   Restricted Payment made pursuant to this subclause (y);[reserved]; (9) other   Restricted Payments in an aggregate amount taken together with all other   Restricted Payments made pursuant to this clause (9) not to exceed   $250,000,000[reserved]; (10) distributions or payments of Receivables Fees;   (11) any Restricted Payment used to fund the Transaction and the fees and   expenses related thereto or owed to Affiliates, in each case to the extent   permitted by Section 7.07; (12) the repurchase, redemption or other acquisition   for value of Equity Interests of the Borrower deemed to occur in connection   with paying cash in lieu of fractional shares of such Equity Interests in   connection with a share dividend, distribution, share split, reverse share   split, merger, consolidation, amalgamation or other business combination of   the Borrower, in each case, permitted under this Agreement; and (13)   Restricted Payments not otherwise permitted hereunder, provided that at the   time of any such Restricted Payment (x) no Specified Default or Event of   Default shall be continuing or would occur as a consequence thereof and (y)   the Borrower shall be in compliance with the financial covenant set forth in   Section 7.11 on a Pro Forma Basis. (13) the distribution, by dividend or   otherwise, of shares of Capital Stock of, or Indebtedness owed to the   Borrower or a Restricted Subsidiary by Unrestricted Subsidiaries (other than   Unrestricted Subsidiaries, the primary assets of which are cash and/or Cash   Equivalents); 165 1002217597 1001820109v3 

    

 

provided,   however, that at the time of, and after giving effect to, any Restricted   Payment permitted under clauses (8), (9) and (13), no Default shall have   occurred and be continuing or would occur as a consequence thereof. (c) For   purposes of designating any Restricted Subsidiary as an Unrestricted   Subsidiary, all outstanding Investments by the Borrower and its Restricted   Subsidiaries (except to the extent repaid) in the Subsidiary so designated   will be deemed to be Restricted Payments in an amount determined as set forth   in the last sentence of the definition of “Investment.” Such designation will   be permitted only if a Restricted Payment in such amount would be permitted   at such time, whether pursuant to Section 7.05(a) or clause (9) or (13) of   Section 7.05(b), or pursuant to the definition of “Permitted Investments,”   and if such Subsidiary otherwise meets the definition of an Unrestricted   Subsidiary. Section 7.06Change in Nature of Business. The Borrower shall not,   nor shall the Borrower permit any of the Restricted Subsidiaries to, directly   or indirectly, engage in any material line of business substantially   different from those lines of business conducted by any the Borrower or   Restricted Subsidiary on the Closing2016 Credit Agreement Amendment Effective   Date or any business reasonably related, complementary, ancillary or   incidental thereto. Section 7.07Transactions with Affiliates. (a) The   Borrower shall not, and shall not permit any of its Restricted Subsidiaries   to, make any payment to, or sell, lease, transfer or otherwise dispose of any   of its properties or assets to, or purchase any property or assets from, or   enter into or make or amend any transaction, contract, agreement,   understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate   of the Borrower (each of the foregoing, an “Affiliate Transaction”) involving   aggregate payments or consideration in excess of $25,000,000 unless: (i) such   Affiliate Transaction is on terms that are not materially less favorable to   the Borrower or its relevant Restricted Subsidiary than those that would have   been obtained in a comparable transaction by the Borrower or such Restricted   Subsidiary with an unrelated Person on an arm’s-length basis; and (ii) the   Borrower delivers to the Administrative Agent with respect to any Affiliate   Transaction or series of related Affiliate Transactions involving aggregate   payments or consideration in excess of $100,000,000, a resolution adopted by   the majority of the board of directors of the Borrower approving such   Affiliate Transaction and set forth in an officer’s certificate certifying   that such Affiliate Transaction complies with clause (i) above. (b) The   foregoing provisions will not apply to the following: (1) transactions   between or among the Borrower or any of its Restricted Subsidiaries or any   entity that becomes a Restricted Subsidiary as a result of such transaction;   (2) Restricted Payments permitted to be made pursuant to Section 7.05 and   Permitted Investments; 166 1002217597 1001820109v3 

    

 

(3) the payment   of reasonable and customary fees and compensation paid to, and indemnities   and reimbursements and employment and severance arrangements provided on   behalf of, officers, directors, employees or consultants of the Borrower or   any of its Restricted Subsidiaries; (4) transactions in which the Borrower or   any of its Restricted Subsidiaries, as the case may be, delivers to the   Administrative Agent a letter from an Independent Financial Advisor stating   that such transaction is fair to the Borrower or such Restricted Subsidiary   from a financial point of view or stating that the terms are not materially   less favorable to the Borrower or its relevant Restricted Subsidiary than   those that would have been obtained in a comparable transaction by the   Borrower or such Restricted Subsidiary with an unrelated Person on an   arm’s-length basis; (5) any agreement as in effect as of the Closing2016   Credit Agreement Amendment Effective Date, or any amendment thereto (so long   as any such amendment is not disadvantageous in any material respect to the   Lenders when taken as a whole as compared to the applicable agreement as in   effect on the Closing2016 Credit Agreement Amendment Effective Date, as   determined in good faith by the Borrower); (6) the existence of, or the   performance by the Borrower or any of its Restricted Subsidiaries of its   obligations under the terms of, (a) any stockholders agreement (including any   registration rights agreement or purchase agreement related thereto) to which   it is a party as of the Closing2016 Credit Agreement Amendment Effective Date   (b) the stockholders agreement to be entered into among the Issuer, ASAC II   LP, Robert A. Kotick and Brian G. Kelly in connection with the Transaction   (including any registration rights agreement or purchase agreement related   thereto) and (c) any similar agreements which it may enter into thereafter;   provided, however, that the existence of, or the performance by the Borrower   or any of its Restricted Subsidiaries of obligations under any future   amendment to any such existing agreement or under any similar agreement   entered into after the Closing2016 Credit Agreement Amendment Effective Date   shall only be permitted by this clause (6) to the extent that the terms of   any such amendment or new agreement are not otherwise disadvantageous to the   Lenders in any material respect when taken as a whole; (7) Transaction; the   Transaction and the payment of all fees and expenses related to the (8)   transactions, or transactions in connection with transactions, with   customers, clients, suppliers, or purchasers or sellers of goods or services,   in each case, in the ordinary course of business and otherwise in compliance   with the terms of this Agreement which are fair to the Borrower and its   Restricted Subsidiaries, taken as a whole, in the reasonable determination of   the board of directors of the Borrower or the senior management thereof, or   are on terms at least as favorable as might reasonably have been obtained at   such time from an unaffiliated party; 167 1002217597 1001820109v3 

    

 

(9) the   issuance or transfer of Equity Interests (other than Disqualified Stock) of   the Borrower to any director, officer, employee or consultant; (10) sales of   accounts receivable, or participations therein, in connection with any   Receivables Facility; (11) payments or loans (or cancellation of loans) to   employees, directors or consultants of the Borrower or any of its Restricted   Subsidiaries and employment agreements, stock option plans and other similar   arrangements with such employees, directors or consultants which, in each   case, are approved by the Borrower in good faith; and (13) transactions with   joint ventures for the purchase or sale of goods, equipment and services   entered into in the ordinary course of business. Section 7.08Burdensome   Agreements. The Borrower shall not, and shall not permit any of its   Restricted Subsidiaries that are not Guarantors to, directly or indirectly,   create or otherwise cause or suffer to exist or become effective any consensual   encumbrance or consensual restriction on the ability of any such Restricted   Subsidiary to: (1) (a) pay dividends or make any other distributions to the   Borrower or any of its Restricted Subsidiaries on its Capital Stock or with   respect to any other interest or participation in, or measured by, its   profits, or (b) pay any Indebtedness owed to the Borrower or any of its   Restricted Subsidiaries; (2) make loans or advances to the Borrower or any of   its Restricted Subsidiaries; or (3) sell, lease or transfer any of its   properties or assets to the Borrower or any of its Restricted Subsidiaries,   except (in each case) for such encumbrances or restrictions existing under or   by reason of: (a) contractual encumbrances or restrictions in effect on the   Closing2016 Credit Agreement Amendment Effective Date, including pursuant to   the Senior Notes Indenture; (b) Loan Documents; (c) purchase money   obligations for property acquired in the ordinary course of business and   Capitalized Lease Obligations that impose restrictions of the nature   discussed in clause (3) above on the property so acquired; (d) applicable law   or any applicable rule, regulation or order; 168 1002217597 1001820109v3 

    

 

(e) any   agreement or other instrument of a Person, or relating to Indebtedness or   Equity Interests of a Person, acquired by or merged or consolidated with or   into the Borrower or any of its Restricted Subsidiaries, or which agreement   or instrument is assumed by the Borrower or any of its Restricted   Subsidiaries in connection with an acquisition of assets from such Person or   any other transaction entered into in connection with any such acquisition,   merger or consolidation, in each case, in existence at the time of such   transaction (but not created in contemplation thereof), which encumbrance or   restriction is not applicable to the Borrower or any Personof its Restricted   Subsidiaries, or the properties or assets of the Borrower or any Personof its   Restricted Subsidiaries, other than the Person and its Subsidiaries, or the property   or assets of the Person and its Subsidiaries, or the property or assets, in   each case, so acquired; (f) contracts for the sale of assets, including   customary restrictions, in the good faith judgment of the Borrower, with   respect to a Subsidiary of the Borrower, pursuant to an agreement that has   been entered into for the sale or disposition of all or substantially all of   the Capital Stock or assets of such Subsidiary that impose restrictions on   the assets to be sold; (g) Securedsecured Indebtedness or other obligations   otherwise permitted to be incurred under Sections 7.01 and 7.02 that limit   the right of the debtor to dispose of the assets securing such Indebtedness;   (h) restrictions on cash or other deposits or net worth imposed by customers   under contracts entered into in the ordinary course of business; (i) other   Indebtedness, Disqualified Stock or Preferred Stock of Foreign Subsidiaries   permitted to be incurred subsequent to the Closing Date under Section 7.02;   (j) customary provisions, in the good faith judgment of the Borrower, in   joint venture agreements or arrangements and other similar agreements or   arrangements relating solely to such joint venture; (k) customary provisions,   in the good faith judgment of the Borrower, contained in leases, sub-leases,   licenses or sub-licenses of intellectual property and other agreements, in   each case, entered into in the ordinary course of business; (l) any   encumbrances or restrictions of the type referred to in clauses (1), (2) and   (3) above imposed by any amendments, modifications, restatements, renewals,   increases, supplements, refundings, replacements or refinancings of the   contracts, instruments or obligations referred to in clauses (a) through (k)   above; provided that such amendments, modifications, restatements, renewals,   increases, supplements, refundings, replacements or refinancings are, in the   good faith judgment of the Borrower, no more restrictive in any material   respect with respect to such encumbrance and other restrictions taken as a   whole than those prior to such amendment, 169 1002217597 1001820109v3 

    

 

modification,   restatement, renewal, increase, supplement, refunding, replacement or   refinancing; (m) restrictions created in connection with any Receivables   Facility that, in the good faith determinationjudgment of the Borrower, are   necessary or advisable to effect such Receivables Facility; and (n)   restrictions on Equity Interests constituting Margin Stock or Amber Holding   Equity Interests.; (o) any agreement or instrument (i) relating to any   Indebtedness, Disqualified Stock or Preferred Stock permitted to be incurred   or issued subsequent to the 2016 Credit Agreement Amendment Effective Date   pursuant to Section 7.02 (x) if the encumbrances and restrictions contained   in any such agreement or instrument taken as a whole are not materially less   favorable to the Lenders than the encumbrances and restrictions contained in   agreements and instruments referred to in clauses (a), (b) and (l) above, in   the good faith judgment of the Borrower, or (y) if such encumbrances or   restrictions are not materially more disadvantageous to the Lenders than is   customary, in the good faith judgment of the Borrower, in comparable   financings and either (1) the Borrower determines in good faith that such   encumbrance or restriction will not materially affect the Borrower’s ability   to make principal or interest payments on the Loans or (2) such encumbrance   or restriction applies only if a default occurs relating to such   Indebtedness, Disqualified Stock or Preferred Stock; and (p) any agreement   governing or relating to Indebtedness and/or other obligations secured by a   Lien permitted by Section 7.01 (in which case any restriction shall only be   effective against the assets subject to such Lien, except as may be otherwise   permitted under this Section 7.08). Section 7.09[Reserved]. Section 7.10Accounting   Changes[Reserved]. The Borrower shall not make any change in its fiscal year   (other than in connection with a change in accounting practices pursuant to   Section 6.01); provided, however, that the Borrower may, upon written notice   to the Administrative Agent, change its fiscal year to any other fiscal year   reasonably acceptable to the Administrative Agent, in which case, the   Borrower and the Administrative Agent will, and are hereby authorized by the   Lenders to, make any adjustments to this Agreement that are necessary to   reflect such change in fiscal year. Section 7.11Section 7.11Tranche A   Financial Covenant. Except as otherwise agreed by the Loan Parties and the   Required Class Lenders under the Tranche A Term Facility and, upon the 2015   Revolving Credit Facility Effective Date (if any), the Revolving Credit   Facility (it being understood that such Required Class Lenders shall consent   together as one Facility), commencing with the Test Period ending on the last   day of the first full fiscal quarter after the 2015 Closing Date, theThe   Borrower shall not permit the 170 1002217597 1001820109v3 

    

 

Consolidated   Total Net Debt Ratio as of the last day of any Test Period ending (I) on or   prior to the last day of the sixthsecond full fiscal quarter after the 2015   Closing2016 Credit Agreement Amendment Effective Date to be greater than 4.00   to 1.00, and (II) thereafter, to be greater than 3.50 to 1.00; provided that   if the Collateral Suspension occurs prior to the date falling 18 months after   the 2015 Closing Date, the Borrower shall not permit, at the Borrower’s   election and subject to the proviso below, after the consummation of an   acquisition or a series of related acquisitions of any Person, property,   business or assets the consideration for which is at least $1,000,000,000 (a   “Qualifying Acquisition”), the Consolidated Total Net Debt Ratio as of the   later of (x) the last day of any Test Period ending on the last day of the   fourth full fiscal quarter after the 2015 Closing Date and (y) the last day   of any Test Period in which the Collateral Suspension occurs to be greater   than 3.50 to 1.00.shall be increased to 4.00:1.00 for the four fiscal   quarters ended on or immediately after the consummation of such Qualifying   Acquisition (an “Adjusted Leverage Ratio Period”); provided, however, that   following any Adjusted Leverage Ratio Period, the Consolidated Total Net Debt   Ratio shall be 3.50:1.00 for at least two fiscal quarters before the   Consolidated Total Net Debt Ratio may be increased to 4.00:1.00 as a result   of a Qualifying Acquisition. ARTICLE VIII. Events Ofof Default and Remedies   Section 8.01Events of Default. Any of the following shall constitute an event   of default (an “Event of Default”): (a) Non-Payment. Any Loan Party fails to   pay (i) when and as required to be paid herein, any amount of principal of   any Loan, (ii) within five (5) Business Days after the same becomes due, any   interest on any Loan or (iii) within ten (10) Business Days after the same   becomes due, any other amount payable hereunder or with respect to any other   Loan Document; or (b) Specific Covenants. The Borrower fails to perform or   observe any term, covenant or agreement contained in any of Sections 6.03(a)   or 6.05(a) (solely with respect to the Borrower) or Article VII; provided   that a Default as a result of a breach of Section 7.11 (a “Consolidated Total   Net Debt Financial Covenant Event of Default”) shall not constitute an Event   of Default with respect to any Facility other than the Tranche A Term   Facility and, upon the 2015 Revolving Credit Facility Effective Date (if   any), the Revolving Credit Facility unless and until the Tranche A Term   Lenders and, upon the 2015 Revolving Credit Facility Effective Date (if any),   the Revolving Credit Lenders (such Required Class Lenders shall consent   together as one Facility) have declared all amounts outstanding under the   Tranche A Term Facility and, upon the 2015 Revolving Credit Facility   Effective Date (if any), the Revolving Credit Facility to be immediately due   and payable and all outstanding Tranche A Term Commitments and, upon the 2015   Revolving Credit Facility Effective Date (if any), all outstanding Revolving   Credit Commitments to be immediately terminated, in each case in accordance   with this Agreement (the “Term Loan B Standstill Period”); oror 171   1002217597 1001820109v3 

    

 

(c) Other   Defaults. Any Loan Party fails to perform or observe any other covenant or   agreement (not specified in Section 8.01(a) or (b) above) contained in any   Loan Document on its part to be performed or observed and such failure   continues for thirty (30) days after notice thereof by the Administrative   Agent to the Borrower; or (d) Representations and Warranties. Any   representation, warranty, certification or statement of fact made or deemed   made by or on behalf of the Borrower or any other Loan Party herein, in any   other Loan Document, or in any document required to be delivered in   connection herewith or therewith shall be incorrect or misleading in any   material respect when made or deemed made; or (e) Cross-Default. Any Loan   Party or any Restricted Subsidiary (A) fails to make any payment beyond the   applicable grace period with respect thereto, if any (whether by scheduled   maturity, required prepayment, acceleration, demand, or otherwise) in respect   of any Indebtedness (other than Indebtedness hereunder) having an aggregate   principal amount of not less than the Threshold Amount, or (B) fails to   observe or perform any other agreement or condition relating to any such   Indebtedness, or any other event occurs (other than, with respect to   Indebtedness consisting of Swap Contracts, termination events or equivalent   events pursuant to the terms of such Swap Contracts), the effect of which   default or other event is to cause, or to permit the holder or holders of   such Indebtedness (or a trustee or agent on behalf of such holder or holders   or beneficiary or beneficiaries) to cause, with the giving of notice if   required, such Indebtedness to become due or to be repurchased, prepaid,   defeased or redeemed (automatically or otherwise), or an offer to repurchase,   prepay, defease or redeem such Indebtedness to be made, prior to its stated   maturity; provided that this clause (e)(B) shall not apply to secured   Indebtedness that becomes due as a result of the voluntary sale or transfer   of the property or assets securing such Indebtedness, if such sale or   transfer is permitted hereunder and under the documents providing for such   Indebtedness; provided further that notwithstanding any provision of this   clause (e) to the contrary, to the extent that the terms of any such   agreement or instrument governing the sale, pledge or disposal of Margin   Stock or the Equity Interests in Amber Holding or utilization of the proceeds   of such Indebtedness in connection therewith would result in such   acceleration and in a Default or an Event of Default under this Agreement,   and would cause this Agreement or any Loan to be subject to the margin   requirements or any other restriction under Regulation U issued by the FRB,   then such acceleration shall not constitute a Default or Event of Default   under this clause (e); and, provided further that, for the avoidance of doubt   and notwithstanding any provision of this clause (e) to the contrary, an   event or a condition under clause (m) of this Section 8.01 shall not cause an   Event of Default under this clause (e); oror (f) Insolvency Proceedings, Etc.   Any Loan Party or any Restricted Subsidiary institutes or consents to the   institution of any proceeding under any Debtor Relief Law, or makes an assignment   for the benefit of creditors; or applies for or consents to the appointment   of any receiver, trustee, custodian, conservator, liquidator, rehabilitator,   examiner, administrator, administrative receiver or similar officer for it or   172 1002217597 1001820109v3 

    

 

for all or any   material part of its property; or any receiver, trustee, custodian,   conservator, liquidator, rehabilitator, examiner, administrator,   administrative receiver or similar officer is appointed without the application   or consent of such Person and the appointment continues undischarged or   unstayed for sixty (60) calendar days; or any proceeding under any Debtor   Relief Law relating to any such Person or to all or any material part of its   property is instituted without the consent of such Person and continues   undismissed or unstayed for sixty (60) calendar days, or an order for relief   is entered in any such proceeding; or (g) Inability to Pay Debts; Attachment.   (i) Any Loan Party or any Restricted Subsidiary becomes unable or admits in   writing its inability or fails generally to pay its debts in excess of the   Threshold Amount as they become due, or (ii) any writ or warrant of   attachment or execution or similar process is issued or levied against all or   any material part of the property of the Borrower and the Restricted   Subsidiaries, taken as a whole, and is not released, vacated or fully bonded   within sixty (60) days after its issue or levy; or (h) Judgments. There is   entered against any Loan Party or any Restricted Subsidiary a final judgment   or order for the payment of money in an aggregate amount exceeding the   Threshold Amount (to the extent not covered by independent third-party   insurance as to which the insurer has been notified of such judgment or order   and has not disputed coverage) and such judgment or order shall not have been   satisfied, vacated, discharged or stayed or bonded pending an appeal for a   period of sixty (60) consecutive days; or (i) Invalidity of Loan Documents.   Any material provision of any Loan Document, at any time after its execution   and delivery and for any reason other than as expressly permitted hereunder   or thereunder (including as a result of a transaction permitted under Section   7.03 or 7.04) or as a result of acts or omissions by the Administrative Agent   or Collateral Agent or any Lender or the satisfaction in full of all the   Obligations, ceases to be in full force and effect; or any Loan Party   contests in writing the validity or enforceability of any provision of any   Loan Document or the validity or priority of a Lien as required by the   Collateral Documents on a material portion of the Collateral; or any Loan   Party denies in writing that it has any or further liability or obligation   under any Loan Document (other than as a result of repayment in full of the   Obligations and termination of the Aggregate Commitments), or purports in   writing to revoke or rescind any Loan Document; or (j) Change of Control.   There occurs any Change of Control; or (k) Collateral Documents. Any   Collateral Document after delivery thereof pursuant to Section 6.11 or 6.13   shall for any reason (other than pursuant to the terms thereof including as a   result of a transaction not prohibited under this Agreement) cease to create   a valid and perfected Lien, with the priority required by the Collateral   Documents on and security interest in any material portion of the Collateral   purported to be covered thereby, subject to Liens permitted under Section   7.01, (i) except to the extent that any such loss of perfection or priority   results from the failure of the 173 1002217597 1001820109v3 

    

 

Administrative   Agent or the Collateral Agent to maintain possession of certificates actually   delivered to it representing securities pledged under the Collateral   Documents or to file Uniform Commercial Code continuation statements and (ii)   except for any failure due to foreign Laws, rules and regulations as they   relate to pledges of Equity Interests in Foreign Subsidiaries (other than   pledges made under Laws of the applicable jurisdiction of formation of such   Foreign Subsidiary); or (k) [Reserved] ; or (l) ERISA. (i) An ERISA Event   occurs with respect to a Pension Plan or Multiemployer Plan which has   resulted or could reasonably be expected to result in liability of a Loan Party,   a Restricted Subsidiary or any ERISA affiliate under Title IV of ERISA in an   aggregate amount which could reasonably be expected to result in a Material   Adverse Effect, (ii) a Loan Party, any Restricted Subsidiary or any ERISA   Affiliate fails to pay when due, after the expiration of any applicable grace   period, any installment payment with respect to its withdrawal liability   under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount   which could reasonably be expected to result in a Material Adverse Effect, or   (iii) with respect to any Foreign Plan, a termination, withdrawal or   noncompliance with applicable Law or plan terms, except as could not   reasonably be expected to have a Material Adverse Effect. (m) Certain Funds   Covenant. The Borrower fails to perform or observe any term, covenant or   agreement contained in Section 6.20(a), (c), (e), (g), (h), (j) and (k)(i) to   (v) (inclusive) (each, a “Certain Funds Covenant Event of Default”); provided   that, notwithstanding anything herein to the contrary, a Certain Funds   Covenant Event of Default shall not constitute an Event of Default with   respect to any Facility other than the Original Tranche A Term Facility.   Notwithstanding anything herein or in any other Loan Document to the   contrary, any event or condition which would constitute a Default or an Event   of Default, as applicable, and which arises or becomes apparent with respect   to the Borrower, the Target or any of their respective Subsidiaries during   the Clean-up Period (the “Relevant Default”) shall, subject to the   immediately following sentence, be deemed not to be a Default or an Event of   Default, as applicable, unless it is continuing after the expiration of the   Clean-up Period. The immediately preceding sentence shall not apply with respect   to any Relevant Default to the extent that such Relevant Default: (i) was   procured or approved of by the Borrower after the 2015 Closing Date; (ii)   either (A) is not capable of remedy or (B) is capable of remedy and the   Borrower or the respective Subsidiary does not take reasonable steps to   remedy it promptly upon becoming aware thereof; or (iii) has a Material   Adverse Effect. 174 1002217597 1001820109v3 

    

 

Section 8.02 Remedies   Upon Event of Default. If any Event of Default occurs and is continuing, the   Administrative Agent may and, at the request of the Required Lenders, shall   take any or all of the following actions (or, (I) to the extent such Event of   Default solely comprises a Certain Funds Covenant Event of Default, at the   request of the Required Class Lenders under the Original Tranche A Term   Facility only, and in such case only with respect to the Original Tranche A   Term Facility and (II) to the extent such Event of Default solely comprises a   Consolidated Total Net Debt Financial Covenant Event of Default, prior to the   expiration of the Term Loan B Standstill Period, at the request of the   Required Class Lenders under the Tranche A Term Facility and, upon the 2015   Revolving Credit Facility Effective Date (if any), the Revolving Credit   Facility (such Required Class Lenders shall consent together as one Facility)   only, and in such case only with respect to the Tranche A Term Facility and,   upon the 2015 Revolving Credit Facility Effective Date (if any), the   Revolving Credit Facility):: (i) declare the commitment of each applicable   Lender to make applicable Loans and, if applicable, any obligation of the L/C   Issuers to make L/C Credit Extensions to be terminated, whereupon such   commitments and obligation shall be terminated; (ii) declare the unpaid   principal amount of all applicable outstanding Loans, all interest accrued   and unpaid thereon, and all other applicable amounts owing or payable   hereunder or under any other Loan Document to be immediately due and payable,   without presentment, demand, protest or other notice of any kind, all of   which are hereby expressly waived by the Borrower; (iii) require, if   applicable, that the Borrower Cash Collateralize the L/C Obligations (in an   amount equal to the then Outstanding Amount thereof); and (iv) subject to the   Intercreditor Agreement, exercise on behalf of itself and the applicable   Lenders all rights and remedies available to it and the applicable Lenders   under the Loan Documents or applicable Law; provided that upon the occurrence   of an actual or deemed entry of an order for relief with respect to the   Borrower under the Bankruptcy Code of the United States, the obligation of   each Lender to make Loans and any obligation of the L/C Issuers to make L/C   Credit Extensions shall automatically terminate, the unpaid principal amount   of all outstanding Loans and all interest and other amounts as aforesaid   shall automatically become due and payable and the obligation of the Borrower   to Cash Collateralize the L/C Obligations as aforesaid shall automatically   become effective, in each case without further act of the Administrative   Agent or any Lender. Section 8.03 Exclusion of Immaterial Subsidiaries.   Solely for the purpose of determining whether a Default or Event of Default   has occurred under clause (f), (g) or (h) of Section 8.01, any reference in   any such clause to any Restricted Subsidiary or Loan Party shall be deemed   not to include any Restricted Subsidiary 175 1002217597 1001820109v3 

    

 

affected by any   event or circumstances referred to in any such clause that did not, as of the   last day of the most recent completed fiscal quarter of the Borrower, have   assets with a value in excess of 5% of the consolidated total assets of the   Borrower and the Restricted Subsidiaries and did not, as of the four quarter   period ending on the last day of such fiscal quarter, have revenues exceeding   5% of the total revenues of the Borrower and the Restricted Subsidiaries (it   being agreed that all Restricted Subsidiaries affected by any event or   circumstance referred to in any such clause shall be considered together, as   a single consolidated Restricted Subsidiary, for purposes of determining   whether the condition specified above is satisfied). Section 8.04Application   of Funds. After the exercise of remedies provided for in Section 8.02 (or   after the Loans have automatically become immediately due and payable and the   L/C Obligations have automatically been required to be Cash Collateralized as   set forth in the proviso to Section 8.02), any amounts received on account of   the Obligations shall be applied by the Administrative Agent in the following   order (to the fullest extent permitted by mandatory provisions of applicable   Law): First, to payment of that portion of the Obligations constituting fees,   indemnities, expenses and other amounts (other than principal and interest,   but including Attorney Costs payable under Section 10.04 and amounts payable   under Article III) payable to the Administrative Agent or the Collateral   Agent in its capacity as such; Second, to payment of that portion of the   Obligations constituting fees, indemnities and other amounts (other than   principal and interest) payable to the Lenders (including Attorney Costs   payable under Section 10.04 and amounts payable under Article III), ratably   among them in proportion to the amounts described in this clause Second   payable to them; Third, to payment of that portion of the Obligations   constituting accrued and unpaid interest on the Loans and L/C Borrowings, and   any fees, premiums and scheduled periodic payments due under Treasury   Services Agreements or Secured Hedge Agreements, ratably among the   SecuredLender Parties in proportion to the respective amounts described in   this clause Third payable to them; Fourth, to payment of that portion of the   Obligations constituting unpaid principal of the Loans and L/C Borrowings   (including to Cash Collateralize that portion of L/C Obligations comprised of   the aggregate undrawn amount of Letters of Credit), and any breakage,   termination or other payments under Treasury Services Agreements or Secured   Hedge Agreements, ratably among the SecuredLender Parties in proportion to   the respective amounts described in this clause Fourth held by them; Fifth,   to the payment of all other Obligations of the Borrower that are due and   payable to the Administrative Agent and the other SecuredLender Parties on   such date, 176 1002217597 1001820109v3 

    

 

ratably based   upon the respective aggregate amounts of all such Obligations owing to the   Administrative Agent and the other SecuredLender Parties on such date; and   Last, the balance, if any, after all of the Obligations have been paid in   full, to the Borrower or as otherwise required by Law. Subject to Section   2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of   Letters of Credit pursuant to clause Fifth above shall be applied to satisfy   drawings under such Letters of Credit as they occur. If any amount remains on   deposit as Cash Collateral after all Letters of Credit have either been fully   drawn or expired, such remaining amount shall be applied to the other   Obligations, if any, in the order set forth above and, if no Obligations   remain outstanding, to the Borrower. ARTICLE IX. Administrative Agent and   Other Agents Section 9.01Appointment and Authority. (a) Each of the Lenders   and the L/C Issuer hereby irrevocably appoints Bank of America to act on its   behalf as the Administrative Agent and the Collateral Agent hereunder and   under the other Loan Documents and authorizes the Administrative Agent to   take such actions on its behalf and to exercise such powers as are delegated   to the Administrative Agent by the terms hereof or thereof, together with   such actions and powers as are reasonably incidental thereto. The provisions   of this Article are solely for the benefit of the Administrative Agent, the   Collateral Agent, the Lenders and the L/C Issuer, and neither the Borrower   nor any other Loan Party shall have rights as a third party beneficiary of   any of such provisions. (b) The Administrative Agent shall also act as the   Collateral Agent under the Loan Documents, and each of the Lenders (including   in its capacity as a potential Hedge Bank) and the L/C Issuer hereby   irrevocably appoints and authorizes the Administrative Agent to act as the agent   of such Lender and the L/C Issuer for purposes of acquiring, holding and   enforcing any and all Liens on Collateral granted by any of the Loan Parties   to secure any of the Obligations, together with such powers and discretion as   are reasonably incidental thereto. In this connection, the Administrative   Agent, as Collateral Agent and any co-agents, sub-agents and   attorneys-in-fact appointed by the Administrative Agent pursuant to Section   9.02 for purposes of holding or enforcing any Lien on the Collateral (or any   portion thereof) granted under the Collateral Documents, or for exercising   any rights and remedies thereunder at the direction of the Administrative   Agent), shall be entitled to the benefits of all provisions of this Article   IX and Article X (including Section 10.04(c), as though such co-agents,   sub-agents and attorneys-in-fact were the Collateral Agent under the Loan   Documents) as if set forth in full herein with respect thereto. Section   9.02Delegation of Duties. The Administrative Agent may perform any and all of   its duties and exercise its rights and powers hereunder or under any other   Loan Document by or through any one or more sub-agents appointed by the   Administrative Agent. The Administrative Agent and any such sub-177   1002217597 1001820109v3 

    

 

agent may   perform any and all of its duties and exercise its rights and powers by or   through their respective Related Parties. The exculpatory provisions of this   Article shall apply to any such sub-agent and to the Related Parties of the   Administrative Agent and any such sub-agent, and shall apply to their   respective activities in connection with the syndication of the credit   facilities provided for herein as well as activities as Administrative Agent.   Section 9.03Exculpatory Provisions. The Administrative Agent shall not have   any duties or obligations except those expressly set forth herein and in the   other Loan Documents. Without limiting the generality of the foregoing, the   Administrative Agent: (a) shall not be subject to any fiduciary or other   implied duties, regardless of whether a Default has occurred and is   continuing; (b) shall not have any duty to take any discretionary action or   exercise any discretionary powers, except discretionary rights and powers   expressly contemplated hereby or by the other Loan Documents that the   Administrative Agent is required to exercise as directed in writing by the   Required Lenders (or such other number or percentage of the Lenders as shall   be expressly provided for herein or in the other Loan Documents), provided   that the Administrative Agent shall not be required to take any action that,   in its opinion or the opinion of its counsel, may expose the Administrative   Agent to liability or that is contrary to any Loan Document or applicable   law; and (c) shall not, except as expressly set forth herein and in the other   Loan Documents, have any duty to disclose, and shall not be liable for the   failure to disclose, any information relating to the Borrower or any of its   Affiliates that is communicated to or obtained by the Person serving as the   Administrative Agent or any of its Affiliates in any capacity. (d) The   Administrative Agent shall not be liable for any action taken or not taken by   it with the consent or at the request of the Required Lenders (or such other   number or percentage of the Lenders as shall be necessary, or as the   Administrative Agent shall believe in good faith shall be necessary, under   the circumstances as provided in Sections 10.01 and 8.02), in each case in   the absence of its own bad faith, gross negligence or willful misconduct. The   Administrative Agent shall be deemed not to have knowledge of any Default   unless and until notice describing such Default is given to the   Administrative Agent by the Borrower, a Lender or the L/C Issuer. (e) The   Administrative Agent shall not be responsible for or have any duty to   ascertain or inquire into (i) any statement, warranty or representation made   in or in connection with this Agreement or any other Loan Document, (ii) the   contents of any certificate, report or other document delivered hereunder or   thereunder or in connection herewith or therewith, (iii) the performance or   observance of any of the covenants, agreements or other terms or conditions   set forth herein or therein or the occurrence of any Default, (iv) the   validity, enforceability, effectiveness or genuineness of this 178 1002217597   1001820109v3 

    

 

Agreement, any   other Loan Document or any other agreement, instrument or document, or the   creation, perfection or priority of any Lien purported to be created by the   Collateral Documentsany Loan Document, (v) the value or the sufficiency of   any Collateralcollateral, or (vvi) the satisfaction of any condition set   forth in Article IV or elsewhere herein, other than to confirm receipt of   items expressly required to be delivered to the Administrative Agent. Section   9.04Reliance by Administrative Agent. The Administrative Agent shall be   entitled to rely upon, and shall not incur any liability for relying upon,   any notice, request, certificate, consent, statement, instrument, document or   other writing (including any electronic message, Internet or intranet website   posting or other distribution) reasonably believed by it to be genuine and to   have been signed, sent or otherwise authenticated by the proper Person. The   Administrative Agent also may rely upon any statement made to it orally or by   telephone and reasonably believed by it to have been made by the proper   Person, and shall not incur any liability for relying thereon. In determining   compliance with any condition hereunder to the making of a Loan, or the   issuance of a Letter of Credit, that by its terms must be fulfilled to the   satisfaction of a Lender or the L/C Issuer, the Administrative Agent may   presume that such condition is satisfactory to such Lender or the L/C Issuer   unless the Administrative Agent shall have received notice to the contrary   from such Lender or the L/C Issuer prior to the making of such Loan or the   issuance of such Letter of Credit. The Administrative Agent may consult with   legal counsel (who may be counsel for the Borrower), independent accountants   and other experts selected by it, and shall not be liable for any action   taken or not taken by it in accordance with the advice of any such counsel,   accountants or experts. Section 9.05Non-Reliance on Administrative Agent and   Other Lenders. Each Lender and the L/C Issuer acknowledges that it has,   independently and without reliance upon the Administrative Agent or any other   Lender or any of their Related Parties and based on such documents and   information as it has deemed appropriate, made its own credit analysis and   decision to enter into this Agreement. Each Lender and the L/C Issuer also   acknowledges that it will, independently and without reliance upon the   Administrative Agent or any other Lender or any of their Related Parties and   based on such documents and information as it shall from time to time deem   appropriate, continue to make its own decisions in taking or not taking   action under or based upon this Agreement, any other Loan Document or any   related agreement or any document furnished hereunder or thereunder. Section   9.06Rights as a Lender. The Person serving as the Administrative Agent   hereunder shall have the same rights and powers in its capacity as a Lender   as any other Lender and may exercise the same as though it were not the   Administrative Agent and the term “Lender” or “Lenders” shall, unless   otherwise expressly indicated or unless the context otherwise requires,   include the Person serving as the Administrative Agent hereunder in its   individual capacity. Such Person and its Affiliates may accept deposits from,   lend money to, act as the financial advisor or in any other advisory capacity   for and generally engage in any kind of business with the Borrower or any 179   1002217597 1001820109v3 

    

 

Subsidiary or   other Affiliate thereof as if such Person were not the Administrative Agent   hereunder and without any duty to account therefor to the Lenders. Section   9.07 Resignation of Administrative Agent. The Administrative Agent may at any   time give notice of its resignation to the Lenders, the L/C Issuer and the   Borrower. Upon receipt of any such notice of resignation, the Required   Lenders shall have the right, in consultation with the Borrower, to appoint a   successor, which shall be a bank with an office in the United States, or an   Affiliate of any such bank with an office in the United States. If no such   successor shall have been so appointed by the Required Lenders and shall have   accepted such appointment within 30 days after the retiring Administrative   Agent gives notice of its resignation, then the retiring Administrative Agent   may on behalf of the Lenders and the L/C Issuer, appoint a successor   Administrative Agent meeting the qualifications set forth above; provided   that if the Administrative Agent shall notify the Borrower and the Lenders   that no qualifying Person has accepted such appointment, then such   resignation shall nonetheless become effective in accordance with such notice   and (a) the retiring Administrative Agent shall be discharged from its duties   and obligations hereunder and under the other Loan Documents (except that in   the case of any collateral security held by the Administrative Agent on   behalf of the Lenders or the L/C Issuer under any of the Loan Documents, the   retiring Administrative Agent shall continue to hold such collateral security   until such time as a successor Administrative Agent is appointed) and (b) all   payments, communications and determinations provided to be made by, to or   through the Administrative Agent shall instead be made by or to each Lender   and the L/C Issuer directly, until such time as the Required Lenders appoint   a successor Administrative Agent as provided for above in this Section. Upon   the acceptance of a successor’s appointment as Administrative Agent   hereunder, such successor shall succeed to and become vested with all of the rights,   powers, privileges and duties of the retiring (or retired) Administrative   Agent, and the retiring Administrative Agent shall be discharged from all of   its duties and obligations hereunder or under the other Loan Documents (if   not already discharged therefrom as provided above in this Section). The fees   payable by the Borrower to a successor Administrative Agent shall be the same   as those payable to its predecessor unless otherwise agreed between the   Borrower and such successor. After the retiring Administrative Agent’s   resignation hereunder and under the other Loan Documents, the provisions of   this Article and Section 10.04 shall continue in effect for the benefit of   such retiring Administrative Agent, its sub-agents and their respective   Related Parties in respect of any actions taken or omitted to be taken by any   of them (i) while the retiring Administrative Agent was acting as   Administrative Agent. and (ii) after such resignation or removal for as long   as any of them continues to act in any agency capacity hereunder or under the   other Loan Documents, including (a) acting as collateral agent or otherwise   holding any collateral security on behalf of any of the Lenders and (b) in   respect of any actions taken in connection with transferring the agency to any   successor Administrative Agent. Any resignation by Bank of America as   Administrative Agent pursuant to this Section shall also constitute its   resignation as L/C Issuer and Swing Line Lender. Upon the acceptance of a   successor’s appointment as Administrative Agent hereunder, (i) such successor   shall succeed to and become vested with all of the rights, powers, privileges   and duties of the retiring L/C Issuer and Swing Line Lender, (ii) the   retiring L/C Issuer and Swing Line Lender 180 1002217597 1001820109v3 

    

 

shall be   discharged from all of their respective duties and obligations hereunder or   under the other Loan Documents, and (iii) the successor L/C Issuer shall   issue letters of credit in substitution for the Letters of Credit, if any,   outstanding at the time of such succession or make other arrangements   satisfactory to the retiring L/C Issuer to effectively assume the obligations   of the retiring L/C Issuer with respect to such Letters of Credit. Section   9.08 Administrative Agent May File Proofs of Claim. In case of the pendency   of any proceeding under any Debtor Relief Law or any other judicial   proceeding relative to any Loan Party, the Administrative Agent (irrespective   of whether the principal of any Loan or L/C Obligation shall then be due and   payable as herein expressed or by declaration or otherwise and irrespective   of whether the Administrative Agent shall have made any demand on the   Borrower) shall be entitled and empowered, by intervention in such proceeding   or otherwise: (a) to file and prove a claim for the whole amount of the   principal and interest owing and unpaid in respect of the Loans, L/C   Obligations and all other Obligations that are owing and unpaid and to file   such other documents as may be necessary or advisable in order to have the   claims of the Lenders, the L/C Issuer and the Administrative Agent (including   any claim for the reasonable compensation, expenses, disbursements and   advances of the Lenders, the L/C Issuer and the Administrative Agent and   their respective agents and counsel and all other amounts due the Lenders,   the L/C Issuer and the Administrative Agent under Sections 2.03(h) and (i),   2.09 and 10.04) allowed in such judicial proceeding; and (b) to collect and   receive any monies or other property payable or deliverable on any such   claims and to distribute the same; and any custodian, receiver, assignee,   trustee, liquidator, examiner, sequestrator or other similar official in any   such judicial proceeding is hereby authorized by each Lender and the L/C Issuer   to make such payments to the Administrative Agent and, if the Administrative   Agent shall consent to the making of such payments directly to the Lenders   and the L/C Issuer, to pay to the Administrative Agent any amount due for the   reasonable compensation, expenses, disbursements and advances of the   Administrative Agent and its agents and counsel, and any other amounts due to   the Administrative Agent under Sections 2.09 and 10.04. Nothing contained   herein shall be deemed to authorize the Administrative Agent to authorize or   consent to or accept or adopt on behalf of any Lender or the L/C Issuer any   plan of reorganization, arrangement, adjustment or composition affecting the   Obligations or the rights of any Lender or the L/C Issuer to authorize the   Administrative Agent to vote in respect of the claim of any Lender or the L/C   Issuer or in any such proceeding. Section 9.09 Collateral and Guaranty   Matters. Each of the Lenders (including in its capacity as a potential Hedge   Bank) and the L/C Issuer irrevocably authorize the CollateralAdministrative   Agent, at its option and in its discretion, 181 1002217597 1001820109v3 

    

 

(a) to release   any Lien on any property granted to or held by the Administrative Agent under   any Loan Document (i) upon termination of the Aggregate Commitments and   payment in full of all Obligations (other than (A) contingent indemnification   obligations and (B) obligations and liabilities under Treasury Services   Agreements and Secured Hedge Agreements as to which arrangements satisfactory   to the applicable Hedge Bank shall have been made) and the expiration or   termination of all Letters of Credit (other than Letters of Credit as to   which other arrangements satisfactory to the Administrative Agent and the L/C   Issuer shall have been made), (ii) that is sold or to be sold as part of or   in connection with any sale permitted hereunder or under any other Loan   Document to a Person that is not a Loan Party, (iii) that constitutes   “Excluded Assets” (as such term is defined in the Security Agreement), (iv)   if approved, authorized or ratified in writing in accordance with Section   10.01, (v) if the property subject to such Lien is owned by a Guarantor, upon   release of such Guarantor from its obligations under its Guaranty pursuant to   clause (b) below or (vi) upon the terms of the Collateral Documents or the   Intercreditor Agreement (if in effect) or any other intercreditor agreement   entered into pursuant hereto; (a) [reserved]; and (b) to release any   Guarantor from its obligations under the Guaranty if such Person ceases to be   a Subsidiary as a result of a transaction permitted hereunder, or becomes an   Excluded Subsidiary or an Unrestricted Subsidiary; and. (c) to subordinate   any Lien on any property granted to or held by the Administrative Agent or   Collateral Agent under any Loan Document to the holder of any Lien on such   property that is permitted by Section 7.01(6) (but solely in the case of   Indebtedness incurred pursuant to clause (4) of Section 7.02(b)). Upon   request by the Administrative Agent or the Collateral Agent at any time, the   Required Lenders will confirm in writing the Administrative Agent’s authority   to release or subordinate its interest in particular types or items of   property, or to release any Guarantor from its obligations under the Guaranty   pursuant to this Section 9.09. In each case as specified in this Section   9.09, the Administrative Agent or the Collateral Agent will, at the   Borrower’s expense, execute and deliver to the applicable Loan Party such   documents as such Loan Party may reasonably request to release, or evidence   the release or subordination of such item of Collateral from the assignment   and security interest granted under the Collateral Documents or to   subordinate its interest in such item, or to releaseof, such Guarantor from   its obligations under the Guaranty, in each case in accordance with the terms   of the Loan Documents and this Section 9.09. The Lenders hereby authorize the   Administrative Agent to enter into any Intercreditor Agreement, any Second   Lien Intercreditor Agreement or other intercreditor agreement or arrangement   permitted under this Agreement and the Lenders acknowledge that any such   intercreditor agreement is binding upon the Lenders. 182 1002217597   1001820109v3 

    

 

Each of the Tranche   A Term Lenders, each of the Revolving Credit Lenders and each of the Lenders   with respect to any facility under Section 2.14, 2.15 or 2.16 effected after   the Second Amendment Effective Date hereby irrevocably authorize and direct   the Collateral Agent to release any Lien on any property granted to or held   by the Administrative Agent or the Collateral Agent under any Loan Document   (the “Collateral Suspension”) if and for so long as (I) all Commitments in   respect of the Initial Term Facility shall have been terminated and all   Obligations in respect of the Initial Term Facility shall have been paid in   full, (II) the Borrower shall have an Investment Grade Rating from either   Moody’s or S&P or a corporate credit rating or corporate family rating of   the Borrower is not available as a result of Indebtedness of the Borrower   receiving an Investment Grade Rating, and (III) the Borrower and its   Restricted Subsidiaries shall not have outstanding any Indebtedness for   borrowed money secured by a Lien, other than any Lien permitted under Section   7.01 (other than any such Lien permitted under clauses (6) (but solely with   respect to Indebtedness incurred under Section 7.02(b)(11)), (27) (other than   any such Lien being released under this paragraph) and (28) of Section 7.01)   (the condition under this clause (III), the “Limited Collateral Release   Condition”); provided that, if on any date following the Collateral   Suspension the Limited Collateral Release Condition is no longer satisfied,   the Loan Parties shall take all actions, execute all documents, deliver any   documents and make any filings, in each case as reasonably requested by the   Collateral Agent, to cause any Liens released under this paragraph to be   reinstated to secure the Obligations under the Credit Agreement as of such   date on substantially identical terms with the security provided immediately   prior to the Collateral Suspension. Section 9.10 No Other Duties, Etc.   Anything herein to the contrary notwithstanding, none of the “syndication   agent,” “joint bookrunners” or “arrangers” listed on the cover page hereof   shall have any powers, duties or responsibilities under this Agreement or any   of the other Loan Documents, except in its capacity, as applicable, as the   Administrative Agent, a Lender or the L/C Issuer hereunder. Section 9.11 Treasury   Services Agreements and Secured Hedge Agreements. No Hedge Bank that obtains   the benefits of Section 8.04, or the Guaranty or any Collateral by virtue of   the provisions hereof or of the Guaranty or any Collateral Document shall   have any right to notice of any action or to consent to, direct or object to   any action hereunder or under any other Loan Document or otherwise in respect   of the CollateralGuaranty (including the release or impairment of any   CollateralGuaranty) other than in its capacity as a Lender and, in such case,   only to the extent expressly provided in the Loan Documents. Notwithstanding   any other provision of this Article IX to the contrary, the Administrative   Agent shall not be required to verify the payment of, or that other   satisfactory arrangements have been made with respect to, Obligations arising   under Treasury Services Agreements and Secured Hedge Agreements unless the   Administrative Agent has received written notice of such Obligations,   together with such supporting documentation as the Administrative Agent may   request, from the applicable Hedge Bank, as the case may be. 183 1002217597   1001820109v3 

    

 

Section 9.12 Withholding   Tax. To the extent required by any applicable Laws (as determined in good   faith by the Administrative Agent), the Administrative Agent may withhold   from any payment to any Lender under any Loan Document an amount equivalent   to any applicable withholding Tax. Without limiting or expanding the   provisions of Section 3.01, each Lender shall indemnify and hold harmless the   Administrative Agent against, and shall make payable in respect thereof   within 10 days after demand therefor, any and all Taxes and any and all   related losses, claims, liabilities and expenses (including fees, charges and   disbursements of any counsel for the Administrative Agent) incurred by or   asserted against the Administrative Agent by the IRS or any other   Governmental Authority as a result of the failure of the Administrative Agent   to properly withhold Tax from amounts paid to or for the account of such   Lender for any reason (including because the appropriate form was not   delivered or not properly executed, or because such Lender failed to notify   the Administrative Agent of a change in circumstance that rendered the   exemption from, or reduction of withholding Tax ineffective). A certificate   as to the amount of such payment or liability delivered to any Lender by the   Administrative Agent shall be conclusive absent manifest error. Each Lender   hereby authorizes the Administrative Agent to set off and apply any and all   amounts at any time owing to such Lender under this Agreement or any other   Loan Document against any amount due the Administrative Agent under this   Section 9.12. The agreements in this Section 9.12 shall survive the   resignation and/or replacement of the Administrative Agent, any assignment of   rights by, or the replacement of, a Lender, the termination of the   Commitments and the repayment, satisfaction or discharge of all other   Obligations. For the avoidance of doubt, the term “Lender” shall, for   purposes of this Section 9.12, include any Swing Line Lender and any L/C   Issuer. ARTICLE X. Miscellaneous Section 10.01 Amendments, Etc. Except as   otherwise set forth in this Agreement, no amendment or waiver of any   provision of this Agreement or any other Loan Document, and no consent to any   departure by any Loan Party therefrom, shall be effective unless in writing   signed by the Required Lenders and such Loan Party, and acknowledged by the   Administrative Agent, and each such waiver or consent shall be effective only   in the specific instance and for the specific purpose for which given;   provided that, no such amendment, waiver or consent shall: (a) extend or   increase the Commitment of any Lender without the written consent of each   Lender holding such Commitment (it being understood that a waiver of any   condition precedent or of any Default, Event of Default, mandatory prepayment   or mandatory reduction of the Commitments shall not constitute an extension   or increase of any Commitment of any Lender); (b) postpone any date scheduled   for, or reduce or forgive the amount of, any payment of principal or interest   under Section 2.07 or 2.08 without the written consent 184 1002217597   1001820109v3 

    

 

of each Lender   holding the applicable Obligation (it being understood that the waiver of (or   amendment to the terms of) any mandatory prepayment of the Term Loans shall   not constitute a postponement of any date scheduled for the payment of   principal or interest); (c) reduce or forgive the principal of, or the rate   of interest specified herein on, any Loan, or L/C Borrowing, or (subject to   clause (iii) of the second proviso to this Section 10.01) any fees or other   amounts payable hereunder or under any other Loan Document (or change the   timing of payments of such fees or other amounts) without the written consent   of each Lender holding such Loan, L/C Borrowing or to whom such fee or other   amount is owed; provided that, only the consent of the Required Lenders shall   be necessary to amend the definition of “Default Rate” or to waive any   obligation of the Borrower to pay interest at the Default Rate; (d) subject   to the third paragraph of this Section 10.01, change any provision of this   Section 10.01, the definition of “Required Lenders” or “Pro Rata Share” or   Section 2.06(b), 2.12(a), 2.13 or 8.04 without the written consent of each   Lender; (e) other than in connection with a transaction permitted under   Section 7.03 or 7.04, release all or substantially all of the Collateral in   any transaction or series of related transactions, without the written   consent of each Lender;[reserved]; (f) other than in connection with a   transaction permitted under Section 7.03 or 7.04, release all or   substantially all of the aggregate value of the Guarantees, without the   written consent of each Lender; or (g) without the written consent of the   Required Class Lenders, adversely affect the rights of a Class in respect of   payments or Collateral in a manner different to the effect of such amendment,   waiver or consent on any other Class, and provided further that (i) no   amendment, waiver or consent shall, unless in writing and signed by each L/C   Issuer in addition to the Lenders required above, affect the rights or duties   of an L/C Issuer under this Agreement or any Letter of Credit Application   relating to any Letter of Credit issued or to be issued by it; (ii) no   amendment, waiver or consent shall, unless in writing and signed by a Swing   Line Lender in addition to the Lenders required above, affect the rights or   duties of such Swing Line Lender under this Agreement; (iii) no amendment,   waiver or consent shall, unless in writing and signed by the Administrative   Agent or the Collateral Agent, as applicable, in addition to the Lenders   required above, affect the rights or duties of, or any fees or other amounts   payable to, the Administrative Agent or the Collateral Agent, as applicable,   under this Agreement or any other Loan Document; and (iv) Section 10.06(g)   may not be amended, waived or otherwise modified without the consent of each   Granting Lender all or any part of whose Loans are being funded by an SPC at   the time of such amendment, waiver or other modification; and (v) no   amendment, waiver or consent shall be made to modify Section 7.09 or any   definition related thereto (as any such definition is used for purposes of   Section 7.09) or waive any Default or Event of Default resulting from a   failure to perform or observe the requirements of Section 7.09 without the   written consent of 185 1002217597 1001820109v3 

    

 

the Required   Class Lenders under the applicable Revolving Credit Facility or Facilities   with respect to Revolving Credit Commitments (such Required Class Lenders   shall consent together as one Facility); provided, however, that the waivers   described in this clause (v) shall not require the consent of any Lenders   other than the Required Class Lenders under such Facility or Facilities with   respect to Revolving Credit Commitments; and provided further that the   Borrower and the Administrative Agent shall be permitted to enter into an   amendment, supplement, modification, consent or waiver to cure any ambiguity,   omission, defect or inconsistency in any Loan Document without the prior   written consent of the Required Lenders. Notwithstanding anything to the   contrary herein, no Defaulting Lender shall have any right to approve or   disapprove any amendment, waiver or consent hereunder, except that the   Commitment of such Lender may not be increased or extended without the   consent of such Lender (it being understood that any Commitments or Loans   held or deemed held by any Defaulting Lender shall be excluded for a vote of   the Lenders hereunder requiring any consent of the Lenders). Notwithstanding   the foregoing, this Agreement may be amended (or amended and restated) with   the written consent of the Required Lenders, the Administrative Agent 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 respect thereof to share   ratably in the benefits of this Agreement and the other Loan Documents with   the Term Loans and the Revolving Credit Loans and the accrued interest and   fees in respect thereof and (b) to include appropriately the Lenders holding   such credit facilities in any determination of the Required Lenders.   Notwithstanding the foregoing, this Agreement may be amended to adjust the   borrowing mechanics related to Swing Line Loans with only the written consent   of the Administrative Agent, the applicable Swing Line Lender(s) and the   Borrower so long as the Obligations of the Revolving Credit Lenders and, if   applicable, the other Swing Line Lender are not affected thereby. In   addition, notwithstanding anything else to the contrary contained in this   Section 10.01, the Borrower shall be permitted to, and, at the option of, and   following a request by, the Borrower, the Administrative Agent is hereby   authorized and directed to, amend any provision of any Loan Document, or   enter into any new agreement, document or instrument, to (i) create or to   protect any guarantee or any security interest for the benefit of the Lenders   or (ii) to the extent the terms of any proposed Incremental Term Loan,   Revolving Commitment Increase, Credit Agreement Refinancing Indebtedness,   Extended Term Loan, Extended Revolving Credit Commitment or New Revolving   Commitment (each, a “New Facility”) are more favorable to the lenders under   any such New Facility than comparable terms then existing in the Loan   Documents, incorporate such more favorable terms into the Loan Documents for   the benefit of all existing Lenders, and in each case of clauses (i) and (ii)   above, such amendments, agreements, documents or instruments shall become   effective without any further action or consent of any Lender or any other   party to any Loan Document. If any Lender does not consent to a proposed   amendment, waiver, consent or release with respect to any Loan Document that   requires the consent of each Lender or each affected Lender and that has been   approved by the Required Lenders, the Borrower may replace such 186   1002217597 1001820109v3 

    

 

non-consenting   Lender in accordance with Section 10.13; provided that such amendment,   waiver, consent or release can be effected as a result of the assignment   contemplated by such Section (together with all other such assignments   required by the Borrower to be made pursuant to this paragraph). Section   10.02 Notices; Effectiveness; Electronic Communications. (a) Notices   Generally. Except in the case of notices and other communications expressly   permitted to be given by telephone (and except as provided in subsection (b)   below), all notices and other communications provided for herein shall be in   writing and shall be delivered by hand or overnight courier service, mailed   by certified or registered mail or sent by telecopier as follows, and all   notices and other communications expressly permitted hereunder to be given by   telephone shall be made to the applicable telephone number, as follows: (i)   if to the Borrower, the Administrative Agent, the L/C Issuer or the Swing   Line Lender, to the address, telecopier number, electronic mail address or   telephone number specified for such Person on Schedule 10.02; and (ii) if to   any other Lender, to the address, telecopier number, electronic mail address   or telephone number specified in its Administrative Questionnaire (including,   as appropriate, notices delivered solely to the Person designated by a Lender   on its Administrative Questionnaire then in effect for the delivery of   notices that may contain material non-public information relating to the   Borrower). Notices and other communications sent by hand or overnight courier   service, or mailed by certified or registered mail, shall be deemed to have   been given when received; notices and other communications sent by telecopier   shall be deemed to have been given when sent (except that, if not given   during normal business hours for the recipient, shall be deemed to have been   given at the opening of business on the next business day for the recipient).   Notices and other communications delivered through electronic communications   to the extent provided in subsection (b) below shall be effective as provided   in such subsection (b). (b) Electronic Communications. Notices and other   communications to the Lenders and the L/C Issuer hereunder may be delivered   or furnished by electronic communication (including e-mail, FpML messaging   and Internet or intranet websites) pursuant to procedures approved by the   Administrative Agent, provided that the foregoing shall not apply to notices   to any Lender or the L/C Issuer pursuant to Article II if such Lender or the   L/C Issuer, as applicable, has notified the Administrative Agent that it is   incapable of receiving notices under such Article by electronic   communication. The Administrative Agent or the Borrower may, in its   discretion, agree to accept notices and other communications to it hereunder   by electronic communications pursuant to procedures approved by it, provided   that approval of such procedures may be limited to particular notices or   communications. Unless the Administrative Agent otherwise prescribes, (i)   notices and other communications sent to an e-mail address shall be deemed   received upon the sender’s receipt of an acknowledgement from the intended   recipient (such as by the “return receipt requested” 187 1002217597   1001820109v3 

    

 

function, as   available, return e-mail or other written acknowledgement), provided that if   such notice or other communication is not sent during the normal business   hours of the recipient, such notice or communication shall be deemed to have   been sent at the opening of business on the next business day for the   recipient, and (ii) notices or communications posted to an Internet or   intranet website shall be deemed received upon the deemed receipt by the   intended recipient at its e-mail address as described in the foregoing clause   (i) of notification that such notice or communication is available and   identifying the website address therefor. (c) The Platform. THE PLATFORM IS   PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO   NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE   ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR   OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS,   IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR   A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM   VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH   THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative   Agent or any of its Related Parties (collectively, the “Agent Parties”) have   any liability to the Borrower, any Lender, the L/C Issuer or any other Person   for losses, claims, damages, liabilities or expenses of any kind (whether in   tort, contract or otherwise) arising out of the Borrower’s or the   Administrative Agent’s transmission of Borrower Materials through the   Internet, except to the extent that such losses, claims, damages, liabilities   or expenses are determined by a court of competent jurisdiction by a final   and nonappealable judgment to have resulted from the bad faith, gross   negligence or willful misconduct of such Agent Party; provided, however, that   in no event shall any Agent Party have any liability to the Borrower, any   Lender, the L/C Issuer or any other Person for indirect, special, incidental,   consequential or punitive damages (as opposed to direct or actual damages).   (d) Change of Address, Etc. Each of the Borrower, the Administrative Agent,   the L/C Issuer and the Swing Line Lender may change its address, telecopier   or telephone number for notices and other communications hereunder by notice   to the other parties hereto. Each other Lender may change its address,   telecopier or telephone number for notices and other communications hereunder   by notice to the Borrower, the Administrative Agent, the L/C Issuer and the   Swing Line Lender. In addition, each Lender agrees to notify the   Administrative Agent from time to time to ensure that the Administrative   Agent has on record (i) an effective address, contact name, telephone number,   telecopier number and electronic mail address to which notices and other   communications may be sent and (ii) accurate wire instructions for such   Lender. Furthermore, each Public Lender agrees to cause at least one   individual at or on behalf of such Public Lender to at all times have   selected the “Private Side Information” or similar designation on the content   declaration screen of the Platform in order to enable such Public Lender or   its delegate, in accordance with such Public Lender’s compliance procedures   and applicable Law, including United States Federal and state securities   Laws, to make reference to Borrower Materials that are not made available   through the “Public Side Information” portion of the Platform and that may   contain material non-public information with respect to the Borrower or its   securities for purposes of United States Federal or state securities laws.   188 1002217597 1001820109v3 

    

 

(e) Reliance by   the Agents, L/C Issuer and Lenders. The Administrative Agent, the Collateral   Agent, the L/C Issuer and the Lenders shall be entitled to rely and act upon   any notices (including telephonic notices, Committed Loan Notices and Swing   Line Loan Notices) purportedly given by or on behalf of the Borrower even if   (i) such notices were not made in a manner specified herein, were incomplete   or were not preceded or followed by any other form of notice specified   herein, or (ii) the terms thereof, as understood by the recipient, varied   from any confirmation thereof. The Borrower shall indemnify the   Administrative Agent, the Collateral Agent, the L/C Issuer, each Lender and   the Related Parties of each of them from all losses, costs, expenses and   liabilities resulting from the reliance by such Person on each notice   purportedly given by or on behalf of the Borrower in the absence of bad   faith, gross negligence or willful misconduct by such Person. All telephonic   notices to and other telephonic communications with the Administrative Agent   or the Collateral Agent, may be recorded by the Administrative Agent or the   Collateral Agent, and each of the parties hereto hereby consents to such   recording. Section 10.03 No Waiver; Cumulative Remedies; Enforcement. No   failure by any Lender or the Administrative Agent or the Collateral Agent to   exercise, and no delay by any such Person in exercising, any right, remedy,   power or privilege hereunder or under any other Loan Document shall operate   as a waiver thereof; nor shall any single or partial exercise of any right,   remedy, power or privilege hereunder preclude any other or further exercise   thereof or the exercise of any other right, remedy, power or privilege. The   rights, remedies, powers and privileges herein provided, and provided under   each other Loan Document, are cumulative and not exclusive of any rights,   remedies, powers and privileges provided by Law. Notwithstanding anything to   the contrary contained herein or in any other Loan Document, the authority to   enforce rights and remedies hereunder and under the other Loan Documents   against the Loan Parties or any of them shall be vested exclusively in, and   all actions and proceedings at law in connection with such enforcement shall   be instituted and maintained exclusively by, the Administrative Agent in   accordance with Section 8.02 for the benefit of all the Lenders and the L/C   Issuer; provided, however, that the foregoing shall not prohibit (a) the   Administrative Agent from exercising on its own behalf the rights and   remedies that inure to its benefit (solely in its capacity as Administrative   Agent) hereunder and under the other Loan Documents, (b) the L/C Issuer or   the Swing Line Lender from exercising the rights and remedies that inure to   its benefit (solely in its capacity as L/C Issuer or Swing Line Lender, as   the case may be) hereunder and under the other Loan Documents, (c) any Lender   from exercising setoff rights in accordance with Section 10.08 (subject to   the terms of Section 2.13), or (d) any Lender from filing proofs of claim or   appearing and filing pleadings on its own behalf during the pendency of a   proceeding relative to any Loan Party under any Debtor Relief Law; and   provided, further, that if at any time there is no Person acting as   Administrative Agent hereunder and under the other Loan Documents, then (i)   the Required Lenders shall have the rights otherwise ascribed to the   Administrative Agent pursuant to Section 8.02 and (ii) in addition to the   matters set forth in clauses (b), (c) and (d) of the preceding proviso and   subject to Section 2.13, any Lender may, with the consent of the 189   1002217597 1001820109v3 

    

 

Required   Lenders, enforce any rights and remedies available to it and as authorized by   the Required Lenders. Section 10.04 Expenses; Indemnity; Damage Waiver. (a)   Costs and Expenses. The Borrower shall pay (i) all reasonable and documented   out-of-pocket expenses incurred by the Administrative Agent and its   Affiliates (including the reasonable and documented out-of-pocket fees,   charges and disbursements of counsel for the Administrative Agent), in   connection with the syndication of the credit facilities provided for herein,   the preparation, negotiation, execution, delivery and administration of this   Agreement and the other Loan Documents or any amendments, modifications or   waivers of the provisions hereof or thereof (whether or not the transactions   contemplated hereby or thereby shall be consummated), (ii) all reasonable and   documented out-of-pocket expenses incurred by the L/C Issuer in connection   with the issuance, amendment, renewal or extension of any Letter of Credit or   any demand for payment thereunder and (iii) all reasonable and documented   out-of-pocket expenses incurred by the Administrative Agent, any Lender or   the L/C Issuer (including the reasonable and documented out-of-pocket fees,   charges and disbursements of any counsel for the Administrative Agent, any   Lender or the L/C Issuer), and shall pay all allocated fees and time charges   for attorneys who may be employees of the Administrative Agent, any Lender or   the L/C Issuer, in connection with the enforcement or protection of its   rights (A) in connection with this Agreement, including Section 6.10 hereof,   and the other Loan Documents, including its rights under this Section, or (B)   in connection with Loans made or Letters of Credit issued hereunder,   including all such reasonable and documented out-of-pocket expenses incurred   during any workout, restructuring or negotiations in respect of such Loans or   Letters of Credit. (b) Indemnification by the Borrower. The Borrower shall   indemnify the Administrative Agent (and any sub-agent thereof), each Lender   and the L/C Issuer, and each Related Party of any of the foregoing Persons   (each such Person being called an “Indemnitee”) against, and hold each   Indemnitee harmless from, any and all losses, claims, damages, liabilities   and related expenses (including the fees, charges and disbursements of any   counsel for any Indemnitee), and shall indemnify and hold harmless each   Indemnitee from all fees and time charges and disbursements for attorneys who   may be employees of any Indemnitee, incurred by any Indemnitee or asserted   against any Indemnitee by any third party or by the Borrower or any other   Loan Party arising out of, in connection with, or as a result of (i) the execution   or delivery of this Agreement, any other Loan Document or any agreement or   instrument contemplated hereby or thereby, the performance by the parties   hereto of their respective obligations hereunder or thereunder or the   consummation of the transactions contemplated hereby or thereby, or, in the   case of the Administrative Agent (and any sub-agent thereof) and its Related   Parties only, the administration of this Agreement and the other Loan   Documents, (ii) any Loan or Letter of Credit or the use or proposed use of   the proceeds therefrom (including any refusal by the L/C Issuer to honor a   demand for payment under a Letter of Credit if the documents presented in   connection with such demand do not strictly comply with the terms of such   Letter of Credit), (iii) any actual or alleged presence or Release of   Hazardous Materials at, on, under or emanating from any property owned,   leased or operated by the Borrower or any of its Subsidiaries, or any   Environmental Liability related in any way to the Borrower or any of its   Subsidiaries, or (iv) any actual or prospective claim, 190 1002217597   1001820109v3 

    

 

litigation,   investigation or proceeding relating to any of the foregoing, whether based   on contract, tort or any other theory, whether brought by a third party or by   the Borrower or any other Loan Party or any of the Borrower’s or such Loan   Party’s directors, shareholders or creditors, and regardless of whether any   Indemnitee is a party thereto; provided that such indemnity shall not, as to   any Indemnitee, be available to the extent that such losses, claims, damages,   liabilities or related expenses (x) are determined by a court of competent   jurisdiction by final and nonappealable judgment to have resulted from the   gross negligence or willful misconduct of such Indemnitee or (y) result from   a claim brought by the Borrower or any other Loan Party against ansuch   Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder   or under any other Loan Document, if the Borrower or such Loan Party has   obtained a final and nonappealable judgment in its favor on such claim as   determined by a court of competent jurisdiction. This Section 10.04(b) shall   not apply with respect to Taxes other than any Taxes that represent losses,   claims, damages, etc. arising from any non-Tax claim. (c) Reimbursement by   Lenders. To the extent that the Borrower for any reason fails to indefeasibly   pay any amount required under subsection (a) or (b) of this Section to be   paid by it to the Administrative Agent (or any sub-agent thereof), the L/C   Issuer or any Related Party of any of the foregoing, each Lender severally   agrees to pay to the Administrative Agent (or any such sub-agent), the L/C   Issuer or such Related Party, as the case may be, such Lender’s Applicable   Percentage (determined as of the time that the applicable unreimbursed   expense or indemnity payment is sought) of such unpaid amount, provided that   the unreimbursed expense or indemnified loss, claim, damage, liability or   related expense, as the case may be, was incurred by or asserted against the   Administrative Agent (or any such sub-agent) or the L/C Issuer in its capacity   as such, or against any Related Party of any of the foregoing acting for the   Administrative Agent (or any such sub-agent) or L/C Issuer in connection with   such capacity. The obligations of the Lenders under this subsection (c) are   subject to the provisions of Section 2.12(e). (d) Waiver of Consequential   Damages, Etc. To the fullest extent permitted by applicable law, the Borrower   shall not assert, and hereby waives, any claim against any Indemnitee, on any   theory of liability, for special, indirect, consequential or punitive damages   (as opposed to direct or actual damages) arising out of, in connection with,   or as a result of, this Agreement, any other Loan Document or any agreement   or instrument contemplated hereby, the transactions contemplated hereby or   thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No   Indemnitee referred to in subsection (b) above shall be liable for any   damages arising from the use by unintended recipients of any information or   other materials distributed to such unintended recipients by such Indemnitee   through telecommunications, electronic or other information transmission   systems in connection with this Agreement or the other Loan Documents or the   transactions contemplated hereby or thereby other than for direct or actual   damages resulting from the bad faith, gross negligence or willful misconduct   of such Indemnitee as determined by a final and nonappealable judgment of a   court of competent jurisdiction. (e) Payments. All amounts due under this   Section shall be payable not later than ten Business Days after demand   therefor. 191 1002217597 1001820109v3 

    

 

(f) Survival.   The agreements in this Section shall survive the resignation of the   Administrative Agent, the L/C Issuer and the Swing Line Lender, the   replacement of any Lender, the termination of the Aggregate Commitments and   the repayment, satisfaction or discharge of all the other Obligations.   Section 10.05 Payments Set Aside. To the extent that any payment by or on   behalf of the Borrower is made to any Agent or any Lender, or any Agent or   any Lender exercises its right of setoff, and such payment or the proceeds of   such setoff or any part thereof is subsequently invalidated, declared to be   fraudulent or preferential, set aside or required (including pursuant to any   settlement entered into by such Agent or such Lender in its discretion) to be   repaid to a trustee, receiver or any other party, in connection with any   proceeding under any Debtor Relief Law or otherwise, then (a) to the extent   of such recovery, the obligation or part thereof originally intended to be   satisfied shall, to the fullest extent possible under provisions of   applicable Law, be revived and continued in full force and effect as if such   payment had not been made or such setoff had not occurred, and (b) each   Lender severally agrees to pay to the Administrative Agent upon demand its   applicable share of any amount so recovered from or repaid by any Agent, plus   interest thereon from the date of such demand to the date such payment is   made at a rate per annum equal to the applicable Federal Funds Rate from time   to time in effect. Section 10.06 Successors and Assigns. (a) Successors and   Assigns Generally. The provisions of this Agreement shall be binding upon and   inure to the benefit of the parties hereto and their respective successors   and assigns permitted hereby, except that (other than as permitted pursuant   to Section 7.03) neither the Borrower nor any other Loan Party may assign or   otherwise transfer any of its rights or obligations hereunder without the   prior written consent of the Administrative Agent and each Lender and no   Lender may assign or otherwise transfer any of its rights or obligations   hereunder except (i) to an assignee in accordance with the provisions of Section   10.06(b) (such an assignee, an “Eligible Assignee”), (ii) by way of   participation in accordance with the provisions of Section 10.06(d), (iii) by   way of pledge or assignment of a security interest subject to the   restrictions of Section 10.06(f), or (iv) to an SPC in accordance with the   provisions of Section 10.06(g) (and any other attempted assignment or   transfer by any party hereto shall be null and void). Nothing in this   Agreement, expressed or implied, shall be construed to confer upon any Person   (other than the parties hereto, their respective successors and assigns   permitted hereby, Participants to the extent provided in subsection (d) of   this Section and, to the extent expressly contemplated hereby, the Related   Parties of each of the Administrative Agent, the L/C Issuer and the Lenders)   any legal or equitable right, remedy or claim under or by reason of this   Agreement. (b) Assignments by Lenders. Any Lender may at any time assign to   one or more assignees (“Assignees”) all or a portion of its rights and   obligations under this Agreement (including all or a portion of its   Commitment(s) and the Loans (including for purposes of this Section 10.06(b),   participations in L/C Obligations and in Swing Line Loans) at the time owing   to it); provided that any such assignment shall be subject to the following   conditions: 192 1002217597 1001820109v3 

    

 

 

(i) Minimum   Amounts. (A) in the case of an assignment of the entire remaining amount of   the assigning Lender’s Commitment under any Facility and the Loans at the   time owing to it under such Facility or in the case of an assignment to a   Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need   be assigned; and (B) in any case not described in subsection (b)(i)(A) of   this Section, the aggregate amount of the Commitment (which for this purpose   includes Loans outstanding thereunder) or, if the Commitment is not then in   effect, the principal outstanding balance of the Loans of the assigning   Lender subject to each such assignment, determined as of the date the   Assignment and Assumption with respect to such assignment is delivered to the   Administrative Agent or, if “Trade Date” is specified in the Assignment and   Assumption, as of the Trade Date, shall not be less than $5,000,000, in the   case of any assignment in respect of the Revolving Credit Facility, or   $1,000,000, in the case of any assignment in respect of Term Loans, unless   each of the Administrative Agent and, so long as no Event of Default has   occurred and is continuing, the Borrower otherwise consents (each such   consent not to be unreasonably withheld or delayed); provided, however, that   concurrent assignments to members of an Assignee Group and concurrent   assignments from members of an Assignee Group to a single Eligible Assignee   (or to an Eligible Assignee and members of its Assignee Group) will be   treated as a single assignment for purposes of determining whether such   minimum amount has been met; (ii) Proportionate Amounts. Each partial   assignment shall be made as an assignment of a proportionate part of all the   assigning Lender’s rights and obligations under this Agreement with respect to   the Loans or the Commitment assigned, except that this clause (ii) shall not   (A) apply to the Swing Line Lender’s rights and obligations in respect of   Swing Line Loans or (B) prohibit any Lender from assigning all or a portion   of its rights and obligations among separate Facilities on a non-pro rata   basis; (iii) Required Consents. No consent shall be required for any   assignment except to the extent required by subsection (b)(i)(B) of this   Section and, in addition: (A) the consent of the Borrower (such consent not   to be unreasonably withheld or delayed) shall be required unless (1) an Event   of Default under Section 8.01(a), (f) or (g) has occurred and is continuing   at the time of such assignment or (2) such assignment is to a Lender, an   Affiliate of a Lender or an Approved Fund; provided that the Borrower shall   be deemed to have consented to any such assignment unless it shall object   thereto by written notice to the Administrative Agent within ten (10)   Business Days after having received notice thereof; 193 1002217597   1001820109v3 

    

 

(B) the consent   of the Administrative Agent (such consent not to be unreasonably withheld or   delayed) shall be required for assignments in respect of (1) any Term   Commitment or Revolving Credit Commitment if such assignment is to a Person   that is not a Lender with a Commitment in respect of the applicable Facility,   an Affiliate of such Lender or an Approved Fund with respect to such Lender   or (2) any Term Loan to a Person that is not a Lender, an Affiliate of a   Lender or an Approved Fund; (C) the consent of the L/C Issuer (such consent   not to be unreasonably withheld or delayed) shall be required for any   assignment that increases the obligation of the assignee to participate in   exposure under one or more Letters of Credit (whether or not then   outstanding); and (D) the consent of the Swing Line Lender (such consent not   to be unreasonably withheld or delayed) shall be required for any assignment   in respect of the Revolving Credit Facility. Notwithstanding anything herein   (including in clause (A) above) or in any other Loan Document to the   contrary, no Original Tranche A Term Lender shall affect any assignment with   respect to the Original Tranche A Term Facility during the Certain Funds   Period (other than an assignment to an Affiliate of a Original Tranche A Term   Lender or to those banks, financial institutions or other institutional   lenders that have been agreed by the Borrower and the Original Tranche A   Arrangers prior to the First Amendment Effective Date) without the Borrower’s   prior written consent in the Borrower’s sole discretion. (iv) Assignment and   Assumption. The parties to each assignment shall execute and deliver to the   Administrative Agent an Assignment and Assumption, together with a processing   and recordation fee in the amount of $3,500; provided, however, that the   Administrative Agent may, in its sole discretion, elect to waive such   processing and recordation fee in the case of any assignment. The assignee,   if it is not a Lender, shall deliver to the Administrative Agent an   Administrative Questionnaire. (v) No Assignment to Certain Persons. No such   assignment shall be made (A) to the Borrower or any of the Borrower’s   Affiliates or Subsidiaries, (B) to any Defaulting Lender or any of its   Subsidiaries, or any Person who, upon becoming a Lender hereunder, would   constitute any of the foregoing Persons described in this clause (B), or (C)   to a natural person. (vi) Certain Additional Payments. In connection with any   assignment of rights and obligations of any Defaulting Lender hereunder, no   such assignment shall be effective unless and until, in addition to the other   conditions thereto set forth herein, the parties to the assignment shall make   such additional payments to the Administrative Agent in an aggregate amount   sufficient, upon distribution thereof as appropriate (which may be outright   payment, purchases by the assignee of participations or subparticipations, or   other compensating actions, including funding, with the consent of the   Borrower and the Administrative Agent, the applicable pro rata 194 1002217597   1001820109v3 

    

 

share of Loans   previously requested but not funded by the Defaulting Lender, to each of   which the applicable assignee and assignor hereby irrevocably consent), to   (x) pay and satisfy in full all payment liabilities then owed by such   Defaulting Lender to the Administrative Agent or any Lender hereunder (and   interest accrued thereon) and (y) acquire (and fund as appropriate) its full   pro rata share of all Loans and participations in Letters of Credit and Swing   Line Loans in accordance with its Applicable Percentage. Notwithstanding the   foregoing, in the event that any assignment of rights and obligations of any   Defaulting Lender hereunder shall become effective under applicable Law   without compliance with the provisions of this paragraph, then the assignee   of such interest shall be deemed to be a Defaulting Lender for all purposes   of this Agreement until such compliance occurs. Subject to acceptance and   recording thereof by the Administrative Agent pursuant to subsection (c) of   this Section, from and after the effective date specified in each Assignment   and Assumption, the assignee thereunder shall be a party to this Agreement   and, to the extent of the interest assigned by such Assignment and   Assumption, have the rights and obligations of a Lender under this Agreement,   and the assigning Lender thereunder shall, to the extent of the interest   assigned by such Assignment and Assumption, be released from its obligations   under this Agreement (and, in the case of an Assignment and Assumption   covering all of the assigning Lender’s rights and obligations under this   Agreement, such Lender shall cease to be a party hereto) but shall continue   to be entitled to the benefits of and be subject to the obligations under   Sections 3.01, 3.04, 3.05 and 10.04 with respect to facts and circumstances   occurring prior to the effective date of such assignment. Upon request, the   Borrower (at its expense) shall execute and deliver a Note to the assignee Lender.   Any assignment or transfer by a Lender of rights or obligations under this   Agreement that does not comply with this subsection shall be treated for   purposes of this Agreement as a sale by such Lender of a participation in   such rights and obligations in accordance with Section 10.06(d). (c)   Register. The Administrative Agent, acting solely for this purpose as a   non-fiduciary agent of the Borrower (and such agency being solely for tax   purposes), shall maintain at the Administrative Agent’s Office a copy of each   Assignment and Assumption delivered to it and a register for the recordation   of the names and addresses of the Lenders, and the Commitments of, and   principal amounts (and related interest amounts) of the Loans and L/C   Obligations owing to, each Lender pursuant to the terms hereof from time to   time (the “Register”). The entries in the Register shall be conclusive absent   manifest error and the Borrower, the Administrative Agent and the Lenders   shall treat each Person whose name is recorded in the Register pursuant to   the terms hereof as a Lender hereunder for all purposes of this Agreement,   notwithstanding notice to the contrary. The Register shall be available for   inspection by the Borrower and any Lender (with respect to its own interests   only), at any reasonable time and from time to time upon reasonable prior   notice. (d) Participations. Any Lender may at any time, without the consent   of, or notice to, the Borrower or the Administrative Agent, sell   participations to any Person (other than a natural person, a Defaulting   Lender or the Borrower or any of the Borrower’s Affiliates or Subsidiaries)   (each, a “Participant”) in all or a portion of such Lender’s rights and/or   obligations under this Agreement (including all or a portion of its   Commitment and/or the Loans (including such Lender’s participations in L/C   Obligations and/or Swing Line Loans) 195 1002217597 1001820109v3 

    

 

owing to it);   provided that (i) such Lender’s obligations under this Agreement shall remain   unchanged, (ii) such Lender shall remain solely responsible to the other   parties hereto for the performance of such obligations and (iii) the   Borrower, the Administrative Agent, the Lenders and the L/C Issuer shall   continue to deal solely and directly with such Lender in connection with such   Lender’s rights and obligations under this Agreement. Any agreement or   instrument pursuant to which a Lender sells such a participation shall   provide that such Lender shall retain the sole right to enforce this   Agreement and to approve any amendment, modification or waiver of any   provision of this Agreement; provided that such agreement or instrument may   provide that such Lender will not, without the consent of the Participant,   agree to any amendment, waiver or other modification described in the first   proviso to Section 10.01 that affects such Participant. Subject to subsection   (e) of this Section, the Borrower agrees that each Participant shall be   entitled to the benefits of Sections 3.01, 3.04 and 3.05 (subject to the   requirements and limitations of such Sections and Section 10.13) to the same   extent as if it were a Lender and had acquired its interest by assignment   pursuant to Section 10.06(b). To the extent permitted by law, each   Participant also shall be entitled to the benefits of Section 10.08 as though   it were a Lender, provided such Participant agrees to be subject to Section   2.13 as though it were a Lender. Each Lender that sells a participation   shall, acting solely for this purpose as a non-fiduciary agent of the   Borrower, maintain a register on which it enters the name and address of each   Participant and the principal amounts (and related interest amounts) of each   participant’s interest in the Loans or other obligations under this Agreement   (the “Participant Register”). The entries in the Participant Register shall   be conclusive, absent manifest error, and the Borrower and such Lender shall   treat each person whose name is recorded in the Participant Register as the   owner of such participation for all purposes of this Agreement notwithstanding   any notice to the contrary; provided that no Lender shall have the obligation   to disclose all or a portion of the Participant Register (including the   identity of the Participant or any information relating to a Participant’s   interest in any Loans or other obligations under any Loan Document) to any   Person expectexcept to the extent that such disclosure is necessary to   establish that any loans are in registered form for U.S. federal income tax   purposes. (e) Limitations upon Participant Rights. A Participant shall not be   entitled to receive any greater payment under Section 3.01 or 3.04 than the   applicable Lender would have been entitled to receive with respect to the   participation sold to such Participant, except to the extent such entitlement   to receive a greater payment results from a Change in Law that occurs after   the Participant acquired the applicable participation. (f) Certain Pledges.   Any Lender may at any time pledge or assign a security interest in all or any   portion of its rights under this Agreement (including under its Note, if any)   to secure obligations of such Lender, including any pledge or assignment to   secure obligations to a Federal Reserve Bank; provided that no such pledge or   assignment shall release such Lender from any of its obligations hereunder or   substitute any such pledgee or assignee for such Lender as a party hereto.   (g) Special Purpose Funding Vehicles. Notwithstanding anything to the   contrary contained herein, any Lender (a “Granting Lender”) may grant to a   special purpose funding 196 1002217597 1001820109v3 

    

 

vehicle   identified as such in writing from time to time by the Granting Lender to the   Administrative Agent and the Borrower (an “SPC”) the option to provide all or   any part of any Loan that such Granting Lender would otherwise be obligated   to make pursuant to this Agreement; provided that (i) nothing herein shall   constitute a commitment by any SPC to fund any Loan, and (ii) if an SPC   elects not to exercise such option or otherwise fails to make all or any part   of such Loan, the Granting Lender shall be obligated to make such Loan   pursuant to the terms hereof or, if it fails to do so, to make such payment   to the Administrative Agent as is required under Section 2.12(c)(ii). Each   party hereto hereby agrees that (i) each SPC shall be entitled to the   benefits of Sections 3.01, 3.04 and 3.05 (subject to the requirements and   limitations of such Sections and Section 10.13) to the same extent as if it   were a Granting Lender and had acquired its interest by assignment pursuant   to Section 10.06(b) (provided that an SPC shall not be entitled to receive   any greater payment under Section 3.01 or 3.04 than the applicable Granting   Lender would have been entitled to receive with respect to the SPC granted to   such SPC, except to the extent such entitlement to receive a greater payment   results from a Change in Law that occurs after the SPC became an SPC, (ii) no   SPC shall be liable for any indemnity or similar payment obligation under   this Agreement for which a Lender would be liable, and (iii) the Granting   Lender shall for all purposes, including the approval of any amendment,   waiver or other modification of any provision of any Loan Document, remain   the lender of record hereunder. The making of a Loan by an SPC hereunder   shall utilize the Commitment of the Granting Lender to the same extent, and   as if, such Loan were made by such Granting Lender. In furtherance of the   foregoing, each party hereto hereby agrees (which agreement shall survive the   termination of this Agreement) that, prior to the date that is one year and   one day after the payment in full of all outstanding commercial paper or   other senior debt of any SPC, it will not institute against, or join any   other Person in instituting against, such SPC any bankruptcy, reorganization,   arrangement, insolvency, or liquidation proceeding under the laws of the   United States or any State thereof. Notwithstanding anything to the contrary   contained herein, any SPC may (i) with notice to, but without prior consent   of the Borrower and the Administrative Agent and with the payment of a processing   fee in the amount of $3,500 (which processing fee may be waived by the   Administrative Agent in its sole discretion), assign all or any portion of   its right to receive payment with respect to any Loan to the Granting Lender   and (ii) disclose on a confidential basis any non-public information relating   to its funding of Loans to any rating agency, commercial paper dealer or   provider of any surety or Guarantee or credit or liquidity enhancement to   such SPC. (h) Resignation as L/C Issuer or Swing Line Lender after   Assignment. Notwithstanding anything to the contrary contained herein, if at   any time Bank of America assigns all of its Revolving Credit Commitment and   Revolving Credit Loans pursuant to Section 10.06(b), Bank of America may, (i)   upon 30 days’ notice to the Borrower and the Lenders, resign as L/C Issuer   and/or (ii) upon 30 days’ notice to the Borrower, resign as Swing Line   Lender. In the event of any such resignation as L/C Issuer or Swing Line   Lender, the Borrower shall be entitled to appoint from among the Lenders a   successor L/C Issuer or Swing Line Lender hereunder; provided, however, that   no failure by the Borrower to appoint any such successor shall affect the   resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case   may be. If Bank of America resigns as L/C Issuer, it shall retain all the   rights, powers, privileges and duties of the L/C Issuer hereunder with   respect to all Letters of Credit outstanding as of the effective date of its   resignation as L/C Issuer and all L/C Obligations with respect thereto   (including the right to require the Lenders to make Base Rate 197 1002217597   1001820109v3 

    

 

Loans or fund   risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). If   Bank of America resigns as Swing Line Lender, it shall retain all the rights   of the Swing Line Lender provided for hereunder with respect to Swing Line   Loans made by it and outstanding as of the effective date of such   resignation, including the right to require the Lenders to make Base Rate   Loans or fund risk participations in outstanding Swing Line Loans pursuant to   Section 2.04(c). Upon the appointment of a successor L/C Issuer and/or Swing   Line Lender, (a) such successor shall succeed to and become vested with all of   the rights, powers, privileges and duties of the retiring L/C Issuer or Swing   Line Lender, as the case may be, and (b) the successor L/C Issuer shall issue   letters of credit in substitution for the Letters of Credit, if any,   outstanding at the time of such succession or make other arrangements   satisfactory to Bank of America to effectively assume the obligations of Bank   of America with respect to such Letters of Credit. (i) Notwithstanding   anything to the contrary contained herein, any Lender may assign all or any   portion of its Initial Term Loans or Tranche A Term Loans (each, an “Assigned   Term Loan”) hereunder to the Borrower or any of its Subsidiaries through (x)   Dutch auctions open to all Appropriate Lenders on a pro rata basis in   accordance with procedures set forth in Exhibit L hereto or (y)   notwithstanding Sections 2.12 and 2.13 or any other provision in this   Agreement, open market purchases on a non-pro rata basis; provided, that: (i)   in connection with assignments pursuant to clause (x) above, the Borrower or   such Subsidiary shall make an offer to all Appropriate Lenders to take   Assigned Term Loans by assignment pursuant to procedures set forth in Exhibit   L hereto; (ii) upon the effectiveness of any such assignment, such Assigned   Term Loans shall promptly be retired, and shall be deemed cancelled and not   outstanding for all purposes under this Agreement; (iii) no Default or Event   of Default shall exist and be continuing; (iv) the Borrower must represent   and warrant to the assigning Lender that it does not possess material   non-public information with respect to the Borrower and its Subsidiaries that   has not been disclosed to the Lenders generally (other than Lenders who elect   not to receive such information); and (v) the Borrower and any other Affiliates   of the Borrower shall be Eligible Assignees with respect to the Term Loans   only. Section 10.07 Treatment of Certain Information; Confidentiality. Each   of the Administrative Agent, the Lenders and the L/C Issuer agrees to   maintain the confidentiality of the Information (as defined below), except   that Information may be disclosed (a) to its Affiliates and to its and its   Affiliates’ respective partners, directors, officers, employees, agents,   trustees, advisors and representatives (it being understood that the Persons   to whom such disclosure is made will be informed of the confidential nature   of such Information and instructed to keep such Information confidential),   (b) to the extent requested 198 1002217597 1001820109v3 

    

 

by any   regulatory authority purporting to have jurisdiction over it (including any   self-regulatory authority, such as the National Association of Insurance   Commissioners), (c) to the extent required by applicable Laws or regulations   or by any subpoena or similar legal process, (d) to any other party hereto,   (e) in connection with the exercise of any remedies hereunder or under any   other Loan Document or any action or proceeding relating to this Agreement or   any other Loan Document or the enforcement of rights hereunder or thereunder,   (f) subject to an agreement containing provisions substantially the same as   those of this Section, to (i) any assignee of or Participant in, or any   prospective assignee of or Participant in, any of its rights or obligations   under this Agreement or any Eligible Assignee invited to be a Lender pursuant   to Section 2.14 or (ii) any actual or prospective counterparty (or its   advisors) to any swap or derivative transaction relating to the Borrower and   its obligations, (g) with the consent of the Borrower, (h) on a confidential   basis to (i) any rating agency in connection with rating the Borrower or its   Subsidiaries or the credit facilities provided hereunder or (ii) the CUSIP   Service Bureau or any similar agency in connection with the issuance and monitoring   of CUSIP numbers or other market identifiers with respect to the credit   facilities provided hereunder, (i) to the extent such Information (i) becomes   publicly available other than as a result of a breach of this Section or (ii)   becomes available to the Administrative Agent, any Lender, the L/C Issuer or   any of their respective Affiliates on a nonconfidential basis from a source   other than the Borrower; provided that, during the Certain Funds Period,   Information in respect of or in connection with the 2015 Transactions may   only be disclosed if and to the extent in compliance with the Takeover Rules   or the requirements of the Court (if the 2015 Acquisition is implemented as a   Scheme).. For purposes of this Section, “Information” means all information received   from the Borrower or any Subsidiary relating to the Borrower or any   Subsidiary or any of their respective businesses, other than any such   information that is available to the Administrative Agent, any Lender or the   L/C Issuer on a nonconfidential basis prior to disclosure by the Borrower or   any Subsidiary, 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.   Notwithstanding anything herein or in any other Loan Documents to the   contrary, any and all information in respect of or in connection with the   2015 Transactions received at any time and from time to time prior to or   during the Certain Funds Period shall be deemed to constitute Information.   Each of the Administrative Agent, the Lenders and the L/C Issuer acknowledges   that (a) the Information may include material non-public information concerning   the Borrower or a Subsidiary, as the case may be, (b) it has developed   compliance procedures regarding the use of material non-public information   and (c) it will handle such material non-public information in accordance   with applicable Law, including United States Federal and state securities   Laws. In addition, the Administrative Agent and each Lender may disclose the   existence of this Agreement and the information about this Agreement to   market data collectors, similar services providers to the lending industry,   and service providers to the Administrative Agent 199 1002217597 1001820109v3   

    

 

and the Lenders   in connection with the administration and management of this Agreement and   the other Loan Documents. The Borrower, in respect of the Agents and the   Tranche A Term Lenders, and the Agents and the Tranche A Term Lenders, in   respect of the Borrower, the Target and their respective Subsidiaries and   other Affiliates, may not issue any press release or make any public   announcement which references the other relevant party in the context of the   2015 Acquisition except with the applicable party’s prior written consent,   such consent not to be unreasonably withheld or delayed and not to be   required in the case of references required by the Takeover Rules or   applicable laws or regulations in relation to the 2015 Acquisition or the   rules of any securities exchange or regulatory authority (but the parties   shall use all reasonable endeavours to consult with each other prior to   making any such press release or public announcement). Section 10.08 Setoff.   In addition to any rights and remedies of the Lenders provided by Law, upon   the occurrence and during the continuance of any Event of Default, each   Lender and its Affiliates (and the Collateral Agent, in respect of any unpaid   fees, costs and expenses payable hereunder) is authorized at any time and   from time to time, without prior notice to the Borrower, any such notice   being waived by the Borrower (on its own behalf and on behalf of each Loan   Party and each of its Subsidiaries) to the fullest extent permitted by   applicable Law, to set off and apply any and all deposits (general or   special, time or demand, provisional or final) at any time held by, and other   Indebtedness at any time owing by, such Lender and its Affiliates or the   Collateral Agent to or for the credit or the account of the respective Loan   Parties and their Subsidiaries against any and all Obligations owing to such   Lender and its Affiliates or the Collateral Agent hereunder or under any   other Loan Document, now or hereafter existing, irrespective of whether or   not such Agent or such Lender or Affiliate shall have made demand under this   Agreement or any other Loan Document and although such Obligations may be   contingent or unmatured or denominated in a currency different from that of   the applicable deposit or Indebtedness. Each Lender agrees promptly to notify   the Borrower and the Administrative Agent after any such set off and   application made by such Lender; provided, that the failure to give such   notice shall not affect the validity of such setoff and application. The   rights of the Administrative Agent, the Collateral Agent and each Lender   under this Section 10.08 are in addition to other rights and remedies   (including other rights of setoff) that the Administrative Agent, the   Collateral Agent and such Lender may have. Section 10.09 Interest Rate   Limitation. Notwithstanding anything to the contrary contained in any Loan   Document, the interest paid or agreed to be paid under the Loan Documents   shall not exceed the maximum rate of non-usurious interest permitted by   applicable Law (the “Maximum Rate”). If any Agent or any Lender shall receive   interest in an amount that exceeds the Maximum Rate, the excess interest   shall be applied to the principal of the Loans or, if it exceeds such unpaid   principal, refunded to the Borrower. In determining whether the interest   contracted for, charged, or received by an Agent or a Lender exceeds the   Maximum Rate, such Person may, to the extent permitted by applicable Law, (a)   characterize any payment that is not principal as an expense, 200 1002217597   1001820109v3 

    

 

fee, or premium   rather than interest, (b) exclude voluntary prepayments and the effects   thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal   parts the total amount of interest throughout the contemplated term of the   Obligations hereunder. Section 10.10 Counterparts; Effectiveness. This   Agreement and each other Loan Document may be executed in one or more   counterparts, each of which shall be deemed an original, but all of which   together shall constitute one and the same instrument. Delivery by telecopier   of an executed counterpart of a signature page to this Agreement and each   other Loan Document shall be effective as delivery of an original executed   counterpart of this Agreement and such other Loan Document. The Agents may   also require that any such documents and signatures delivered by telecopier   be confirmed by a manually signed original thereof; provided that the failure   to request or deliver the same shall not limit the effectiveness of any   document or signature delivered by telecopier. Except as provided in Section   4.01, this Agreement shall become effective when it shall have been executed   by the Administrative Agent and when the Administrative Agent shall have   received counterparts hereof that, when taken together, bear the signatures   of each of the other parties hereto. Section 10.11 Integration. This   Agreement, together with the other Loan Documents, comprises the complete and   integrated agreement of the parties on the subject matter hereof and thereof   and supersedes all prior agreements, written or oral, on such subject matter.   In the event of any conflict between the provisions of this Agreement and   those of any other Loan Document, the provisions of this Agreement shall   control; provided that the inclusion of supplemental rights or remedies in   favor of the Agents or the Lenders in any other Loan Document shall not be   deemed a conflict with this Agreement. Each Loan Document was drafted with   the joint participation of the respective parties thereto and shall be   construed neither against nor in favor of any party, but rather in accordance   with the fair meaning thereof. Section 10.12 Survival of Representations and   Warranties. All representations and warranties made hereunder and in any   other Loan Document or other document delivered pursuant hereto or thereto or   in connection herewith or therewith shall survive the execution and delivery   hereof and thereof. Such representations and warranties have been or will be   relied upon by the Administrative Agent and each Lender, regardless of any   investigation made by the Administrative Agent or any Lender or on their   behalf and notwithstanding that the Administrative Agent or any Lender may   have had notice or knowledge of any Default at the time of any Credit   Extension, and shall continue in full force and effect as long as any Loan or   any other Obligation hereunder shall remain unpaid or unsatisfied or any   Letter of Credit shall remain outstanding. Section 10.13 Replacement of   Lenders. If any Lender requests compensation under Section 3.04, if the   Borrower is required to pay any additional amount to any Lender or any   Governmental Authority for the account of any Lender pursuant to Section   3.01, if any Lender is a Defaulting Lender or if any other 201 1002217597   1001820109v3 

    

 

circumstance   exists hereunder that gives the Borrower the right to replace a Lender as a   party hereto, then the Borrower may, at its sole expense and effort, upon   notice to such Lender and the Administrative Agent, require such Lender to   assign and delegate, without recourse (in accordance with and subject to the   restrictions contained in, and consents required by, Section 10.06), all of   its interests, rights and obligations under this Agreement and the related   Loan Documents to an assignee that shall assume such obligations (which   assignee may be another Lender, if a Lender accepts such assignment),   provided that: (a) the Administrative Agent shall have received the   assignment fee specified in Section 10.06(b); (b) such Lender shall have   received payment of an amount equal to 100% of the outstanding principal of   its Loans and L/C Advances and, other than in the case of a Defaulting   Lender, accrued fees and all other amounts payable to it hereunder and under   the other Loan Documents, any premium thereon (assuming for this purpose that   the Loans of such Lender were being prepaid) from the assignee and any   amounts payable by the Borrower pursuant to Section 3.01, 3.04 or 3.05 from   the Borrower (it being understood that the Assignment and Assumption relating   to such assignment shall provide that any interest and fees that accrued   prior to the effective date of the assignment shall be for the account of the   replaced Lender and such amounts that accrue on and after the effective date   of the assignment shall be for the account of the replacement Lender); (c) in   the case of any such assignment resulting from a claim for compensation under   Section 3.04 or payments required to be made pursuant to Section 3.01, such   assignment will result in a reduction in such compensation or payments   thereafter; and (d) such assignment does not conflict with applicable Laws. A   Lender shall not be required to make any such assignment or delegation if,   prior thereto, as a result of a waiver by such Lender or otherwise, the   circumstances entitling the Borrower to require such assignment and   delegation cease to apply. Each Lender agrees that, if the Borrower elects to   replace such Lender in accordance with this Section 10.13, it shall promptly   execute and deliver to the Administrative Agent an Assignment and Assumption   to evidence the assignment and shall deliver to the Administrative Agent any   Note (if Notes have been issued in respect of such Lender’s Loans) subject to   such Assignment and Assumption; provided that the failure of any such Lender   to execute an Assignment and Assumption shall not render such assignment   invalid and such assignment shall be recorded in the Register. Section 10.14   Severability. If any provision of this Agreement or the other Loan Documents   is held to be illegal, invalid or unenforceable, (a) the legality, validity   and enforceability of the remaining provisions of this Agreement and the   other Loan Documents shall not be affected or impaired thereby and (b) the   parties shall endeavor in good faith negotiations to replace the illegal,   invalid or unenforceable provisions with valid provisions the economic effect   of which comes 202 1002217597 1001820109v3 

    

 

as close as   possible to that of the illegal, invalid or unenforceable provisions. The   invalidity of a provision in a particular jurisdiction shall not invalidate   or render unenforceable such provision in any other jurisdiction. Without   limiting the foregoing provisions of this Section 10.14, if and to the extent   that the enforceability of any provisions in this Agreement relating to   Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in   good faith by the Borrower and the Administrative Agent, the L/C Issuer or   the Swing Line Lender, as applicable, then such provisions shall be deemed to   be in effect only to the extent not so limited. Section 10.15 GOVERNING LAW.   THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT SHALL BE GOVERNED BY, AND   CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. (a) ANY LEGAL   ACTION OR PROCEEDING ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED   WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF   THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO,   IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, SHALL BE BROUGHT IN   THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY OR OF THE   UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND   DELIVERY OF THIS AGREEMENT, EACH LOAN PARTY, EACH AGENT AND EACH LENDER   CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE   JURISDICTION OF THOSE COURTS. EACH LOAN PARTY, EACH AGENT AND EACH LENDER   IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF   VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR   HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH   JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED   THERETO. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN ANY   ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS IN THE   MANNER PROVIDED FOR NOTICES (OTHER THAN TELECOPIER) IN SECTION 10.02. NOTHING   IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT WILL AFFECT THE RIGHT OF ANY   PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE   LAW. Section 10.16 WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY HERETO HEREBY   IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY   RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR   INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN   DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON   CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO   REPRESENTATIVE, AGENT OR 203 1002217597 1001820109v3 

    

 

ATTORNEY OF ANY   OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON   WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER   AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED   TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER   THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. Section 10.17   Binding Effect. This Agreement shall become effective when it shall have been   executed by the Loan Parties and the Administrative Agent shall have been   notified by each Lender, the Swing Line Lenders and L/C Issuer that each such   Lender, Swing Line Lender and L/C Issuer has executed it and thereafter shall   be binding upon and inure to the benefit of the Loan Parties, each Agent and   each Lender and their respective successors and assigns, in each case in   accordance with Section 10.06 (if applicable) and except that no Loan Party   shall have the right to assign its rights hereunder or any interest herein   without the prior written consent of the Lenders except as permitted by   Section 7.03. Section 10.18 No Advisory or Fiduciary Responsibility. In   connection with all aspects of each transaction contemplated hereby   (including in connection with any amendment, waiver or other modification   hereof or of any other Loan Document), each of the Borrower and the other   Loan Parties acknowledges and agrees, and acknowledges its Affiliates’   understanding, that: (i) (A) the arranging and other services regarding this   Agreement provided by the Administrative Agent and the Arrangers, are   arm’s-length commercial transactions between the Borrower, the other Loan   Parties their respective Affiliates, on the one hand, and the Administrative   Agent and the Arrangers, on the other hand, (B) each of the Borrower and the   other Loan Parties has consulted its own legal, accounting, regulatory and   tax advisors to the extent it has deemed appropriate, and (C) the Borrower   and each of the other Loan Parties are capable of evaluating, and understands   and accepts, the terms, risks and conditions of the transactions contemplated   hereby and by the other Loan Documents; (ii) (A) each of the Administrative   Agent, the Lenders and the Arrangers each is and has been acting solely as a   principal and, except as expressly agreed in writing by the relevant parties,   has not been, is not, and will not be acting as an advisor, agent or   fiduciary for the Borrower, the other Loan Parties or any of their respective   Affiliates, or any other Person and (B) neither the Administrative Agent, the   Lenders nor the Arrangers have any obligation to the Borrower, the other Loan   Parties or any of their respective Affiliates with respect to the   transactions contemplated hereby except those obligations expressly set forth   herein and in the other Loan Documents; and (iii) the Administrative Agent,   the Lenders and the Arrangers and their respective Affiliates may be engaged   in a broad range of transactions that involve interests that differ from   those of the Borrower the other Loan Parties and their respective Affiliates,   and neither the Administrative Agent nor the Arrangers have any obligation to   disclose any of such interests to the Borrower, the other Loan Parties or any   of their respective Affiliates. To the fullest extent permitted by law, the   Borrower and each of the other Loan Parties hereby waive and release any   claims that it may have against the Administrative Agent, the Lenders and the   Arrangers with respect to any 204 1002217597 1001820109v3 

    

 

breach or   alleged breach of agency or fiduciary duty in connection with any aspect of   any transaction contemplated hereby. Section 10.19 Lender Action. Each Lender   agrees that it shall not take or institute any actions or proceedings,   judicial or otherwise, for any right or remedy against any Loan Party or any   other obligor under any of the Loan Documents or the Secured Hedge Agreements   (including the exercise of any right of setoff, rights on account of any   banker’s lien or similar claim or other rights of self-help), or institute   any actions or proceedings, or otherwise commence any remedial procedures,   with respect to any CollateralGuaranty or any other property of any such Loan   Party, without the prior written consent of the Administrative Agent. The   provision of this Section 10.19 are for the sole benefit of the Lenders and   shall not afford any right to, or constitute a defense available to, any Loan   Party. Section 10.20 USA Patriot Act. Each Lender that is subject to the USA   Patriot Act and the Administrative Agent (for itself and not on behalf of any   Lender) hereby notifies the Borrower that pursuant to the requirements of the   USA Patriot Act, it is required to obtain, verify and record information that   identifies the Borrower, which information includes the name, address and tax   identification number of each Loan Party and other information regarding each   Loan Party that will allow such Lender or the Administrative Agent, as   applicable, to identify each Loan Party in accordance with the USA Patriot   Act. This notice is given in accordance with the requirements of the USA   Patriot Act and is effective as to the Lenders and the Administrative Agent.   The Borrower shall, promptly following a request by the Administrative Agent   or any Lender, provide all documentation and other information that the   Administrative Agent or such Lender requests in order to comply with its   ongoing obligations under applicable “know your customer” and anti-money   laundering rules and regulations, including the USA Patriot Act. Section   10.21 Electronic Execution of Assignments and Certain Other Documents. The   words “execution,” “signed,” “signature,” and words of like import in any   document to be signed in connection with this Agreement and the transactions   contemplated hereby (including without limitation Assignment and Assumptions,   amendments or other modifications, Committed Loan Notices, Swingline Loan   Notices, waivers and consents) shall be deemed to include electronic signatures,   the electronic matching of assignment terms and contract formations on   electronic platforms approved by the Administrative Agent, or the keeping of   records in electronic form, each of which shall be of the same legal effect,   validity or enforceability as a manually executed signature or the use of a   paper-based recordkeeping system, as the case may be, to the extent and as   provided for in any applicable law, including the Federal Electronic   Signatures in Global and National Commerce Act, the New York State Electronic   Signatures and Records Act, or any other similar state laws based on the   Uniform Electronic Transactions Act; provided that notwithstanding anything   contained herein to the contrary the Administrative Agent is under no   obligation to agree to accept electronic 205 1002217597 1001820109v3 

    

 

signatures in   any form or in any format unless expressly agreed to by the Administrative   Agent pursuant to procedures approved by it. ARTICLE XI. Guarantee Section   11.01 The Guarantee. Each Guarantor hereby jointly and severally with the   other Guarantors guarantees, as a primary obligor and not as a surety to each   SecuredLender Party and their respective successors and assigns, the prompt   payment in full when due (whether at stated maturity, by required prepayment,   declaration, demand, by acceleration or otherwise) of the principal of and   interest (including any interest, fees, costs or charges that would accrue   but for the provisions of (i) the Title 11 of the United States Code after   any bankruptcy or insolvency petition under Title 11 of the United States   Code and (ii) any other Debtor Relief Laws) on the Loans made by the Lenders   to, and the Notes held by each Lender of, the Borrower (other than such   Guarantor), and all other Obligations from time to time owing to the   SecuredLender Parties by any Loan Party under any Loan Document or any   Secured Hedge Agreement or any Treasury Services Agreement, in each case   strictly in accordance with the terms thereof, excluding, with respect to any   Guarantor at any time, Excluded Swap Obligations with respect to such Guarantor   at such time (such obligations being herein collectively called the   “Guaranteed Obligations”). The Guarantors hereby jointly and severally agree   that if the Borrower or other Guarantor(s) shall fail to pay in full when due   (whether at stated maturity, by acceleration or otherwise) any of the   Guaranteed Obligations, the Guarantors will promptly pay the same in cash,   without any demand or notice whatsoever, and that in the case of any   extension of time of payment or renewal of any of the Guaranteed Obligations,   the same will be promptly paid in full when due (whether at extended   maturity, by acceleration or otherwise) in accordance with the terms of such   extension or renewal. Notwithstanding anything to the contrary, this Section   11.01 shall not require or result in the application of any amount received   from any Loan Party to any Excluded Swap Obligation of such Loan Party.   Section 11.02 Obligations Unconditional. The obligations of the Guarantors   under Section 11.01 shall constitute a guaranty of payment and to the fullest   extent permitted by applicable Law, are absolute, irrevocable and   unconditional, joint and several, irrespective of the value, genuineness,   validity, regularity or enforceability of the Guaranteed Obligations of the   Borrower under this Agreement, the Notes, if any, or any other agreement or   instrument referred to herein or therein, or any substitution, release or   exchange of any other guarantee of or security for any of the Guaranteed   Obligations, and, irrespective of any other circumstance whatsoever that   might otherwise constitute a legal or equitable discharge or defense of a   surety or Guarantor (except for payment in full). Without limiting the   generality of the foregoing, it is agreed that the occurrence of any one or   more of the following shall not alter or impair the liability of the   Guarantors hereunder which shall remain absolute, irrevocable and   unconditional under any and all circumstances as described above: 206   1002217597 1001820109v3 

    

 

(i) at any time   or from time to time, without notice to the Guarantors, the time for any   performance of or compliance with any of the Guaranteed Obligations shall be   extended, or such performance or compliance shall be waived; (ii) any of the   acts mentioned in any of the provisions of this Agreement or the Notes, if   any, or any other agreement or instrument referred to herein or therein shall   be done or omitted; (iii) the maturity of any of the Guaranteed Obligations   shall be accelerated, or any of the Guaranteed Obligations shall be amended   in any respect, or any right under the Loan Documents or any other agreement   or instrument referred to herein or therein shall be amended or waived in any   respect or any other guarantee of any of the Guaranteed Obligations or any   security therefor shall be released or exchanged in whole or in part or   otherwise dealt with; (iv) any Lien or security interest granted to, or in   favor of, an L/C Issuer or any Lender or Agent as security for any of the   Guaranteed Obligations shall fail to be perfected[reserved]; or (v) the   release of any other Guarantor pursuant to Section 11.09. The Guarantors   hereby expressly waive diligence, presentment, demand of payment, protest and   all notices whatsoever, and any requirement that any SecuredLender Party exhaust   any right, power or remedy or proceed against Borrower under this Agreement   or the Notes, if any, or any other agreement or instrument referred to herein   or therein, or against any other person under any other guarantee of, or   security for, any of the Guaranteed Obligations. The Guarantors waive any and   all notice of the creation, renewal, extension, waiver, termination or   accrual of any of the Guaranteed Obligations and notice of or proof of   reliance by any SecuredLender Party upon this Guarantee or acceptance of this   Guarantee, and the Guaranteed Obligations, and any of them, shall   conclusively be deemed to have been created, contracted or incurred in   reliance upon this Guarantee, and all dealings between Borrower and the   SecuredLender Parties shall likewise be conclusively presumed to have been   had or consummated in reliance upon this Guarantee. This Guarantee shall be   construed as a continuing, absolute, irrevocable and unconditional guarantee   of payment without regard to any right of offset with respect to the   Guaranteed Obligations at any time or from time to time held by SecuredLender   Parties, and the obligations and liabilities of the Guarantors hereunder   shall not be conditioned or contingent upon the pursuit by the SecuredLender   Parties or any other person at any time of any right or remedy against   Borrower or against any other person which may be or become liable in respect   of all or any part of the Guaranteed Obligations or against any collateral   security or guarantee therefor or right of offset with respect thereto. This   Guarantee shall remain in full force and effect and be binding in accordance   with and to the extent of its terms upon the Guarantors and the successors   and assigns thereof, and shall inure to the benefit of the Lenders, and their   respective successors and assigns, notwithstanding that from time to time   during the term of this Agreement there may be no Guaranteed Obligations   outstanding. 207 1002217597 1001820109v3 

    

 

Section 11.03   Reinstatement. The obligations of the Guarantors under this Article XI shall   be automatically reinstated if and to the extent that for any reason any   payment by or on behalf of the Borrower or other Loan Party in respect of the   Guaranteed Obligations is rescinded or must be otherwise restored by any   holder of any of the Guaranteed Obligations, whether as a result of any   proceedings in bankruptcy or reorganization or otherwise. Section 11.04   Subrogation; Subordination. Each Guarantor hereby agrees that until the   payment and satisfaction in full in cash of all Guaranteed Obligations and   the expiration and termination of the Commitments of the Lenders under this   Agreement it shall waive any claim and shall not exercise any right or   remedy, direct or indirect, arising by reason of any performance by it of its   guarantee in Section 11.01, whether by subrogation or otherwise, against the   Borrower or any other Guarantor of any of the Guaranteed Obligations or any   security for any of the Guaranteed Obligations. Section 11.05 Remedies. The Guarantors   jointly and severally agree that, as between the Guarantors and the Lenders,   the obligations of the Borrower under this Agreement and the Notes, if any,   may be declared to be forthwith due and payable as provided in Section 8.02   (and shall be deemed to have become automatically due and payable in the   circumstances provided in Section 8.02) for purposes of Section 11.01,   notwithstanding any stay, injunction or other prohibition preventing such   declaration (or such obligations from becoming automatically due and payable)   as against the Borrower and that, in the event of such declaration (or such   obligations being deemed to have become automatically due and payable), such   obligations (whether or not due and payable by the Borrower) shall forthwith   become due and payable by the Guarantors for purposes of Section 11.01.   Section 11.06 Instrument for the Payment of Money. Each Guarantor hereby   acknowledges that the guarantee in this Article XI constitutes an instrument   for the payment of money, and consents and agrees that any Lender or Agent,   at its sole option, in the event of a dispute by such Guarantor in the   payment of any moneys due hereunder, shall have the right to bring a   motion-action under New York CPLR Section 3213. Section 11.07 Continuing Guarantee.   The guarantee in this Article XI is a continuing guarantee of payment, and   shall apply to all Guaranteed Obligations whenever arising. Section 11.08   General Limitation on Guarantee Obligations. In any action or proceeding   involving any state corporate limited partnership or limited liability   company law, or any applicable state, federal or foreign bankruptcy,   insolvency, 208 1002217597 1001820109v3 

    

 

reorganization   or other Law affecting the rights of creditors generally, if the obligations   of any Guarantor under Section 11.01 would otherwise be held or determined to   be void, voidable, invalid or unenforceable, or subordinated to the claims of   any other creditors, on account of the amount of its liability under Section   11.01, then, notwithstanding any other provision to the contrary, the amount   of such liability shall, without any further action by such Guarantor, any   Loan Party or any other person, be automatically limited and reduced to the   highest amount (after giving effect to the right of contribution established   in Section 11.10) that is valid and enforceable and not subordinated to the   claims of other creditors as determined in such action or proceeding. Section   11.09 Release of Guarantors. If, in compliance with the terms and provisions   of the Loan Documents, all or substantially all of the Equity Interests or   property of any Guarantor are sold or otherwise transferred (a “Transferred   Guarantor”) to a person or persons, none of which is a Loan Party, such   Transferred Guarantor shall, upon the consummation of such sale or transfer,   be automatically released from its obligations under this Agreement   (including under Section 10.04 hereof) and its obligations to pledge and   grant any Collateral owned by it pursuant to any Collateral Document and, in   the case of a sale of all or substantially all of the Equity Interests of the   Transferred Guarantor, the pledge of such Equity Interests to the Collateral   Agent pursuant to the Collateral Documents shall be automatically released,   and and Article XI) and, so long as the Borrower shall have provided the   AgentsAdministrative Agent such certifications or documents as anythe   Administrative Agent shallmay reasonably request, the   CollateralAdministrative Agent shall take such actions as are necessary to   effect each release described in this Section 11.09 in accordance with the   relevant provisions of the Collateral Documents. Section 11.10 Right of   Contribution. Each Guarantor hereby agrees that to the extent that a   Subsidiary Guarantor shall have paid more than its proportionate share of any   payment made hereunder, such Subsidiary Guarantor shall be entitled to seek   and receive contribution from and against any other Guarantor hereunder which   has not paid its proportionate share of such payment. Each Subsidiary   Guarantor’s right of contribution shall be subject to the terms and   conditions of Section 11.04. The provisions of this Section 11.10 shall in no   respect limit the obligations and liabilities of any Subsidiary Guarantor to   the Administrative Agent, the L/C Issuer, the Swing Line Lenders and the   Lenders, and each Subsidiary Guarantor shall remain liable to the   Administrative Agent, the L/C Issuer, the Swing Line Lenders and the Lenders   for the full amount guaranteed by such Subsidiary Guarantor hereunder.   Section 11.11 Subject to Intercreditor Agreement[Reserved]. Notwithstanding   anything herein to the contrary, (i) the liens and security interests granted   to the Administrative Agent pursuant to the Collateral Documents are   expressly subject to the Intercreditor Agreement (if in effect) and any other   intercreditor agreement entered into pursuant hereto and (ii) the exercise of   any right or remedy by the Administrative Agent hereunder or under the   Intercreditor Agreement (if in effect) and any other intercreditor 209   1002217597 1001820109v3 

    

 

agreement   entered into pursuant hereto is subject to the limitations and provisions of   the Intercreditor Agreement (if in effect) and such other intercreditor   agreement entered into pursuant hereto. In the event of any conflict between   the terms of the Intercreditor Agreement (if in effect) or any other such   intercreditor and terms of this Agreement, the terms of the Intercreditor   Agreement (if in effect) or such other intercreditor agreement, as   applicable, shall govern. Section 11.12 Keepwell. Each Qualified ECP   Guarantor hereby jointly and severally absolutely, unconditionally and   irrevocably undertakes to provide such funds or other support as may be   needed from time to time by each other Guarantor to honor all of its   obligations under this Guaranty in respect of Swap Obligations (provided,   however, that each Qualified ECP Guarantor shall only be liable under this   Section 11.12 for the maximum amount of such liability that can be hereby   incurred without rendering its obligations under this Section 11.12, or   otherwise under this Guaranty, voidable under applicable law relating to   fraudulent conveyance or fraudulent transfer, and not for any greater   amount). The obligations of each Qualified ECP Guarantor under this Section   11.12 shall remain in full force and effect until the termination of the   Aggregate Commitments and payment in full of all Obligations (other than (x)   obligations under Secured Hedge Agreements and Treasury Services Agreements   not yet due and payable and (y) contingent indemnification obligations not   yet accrued and payable) and the expiration or termination or cash   collateralization of all Letters of Credit. Each Qualified ECP Guarantor   intends that this Section 11.12 constitute, and this Section 11.12 shall be   deemed to constitute, a “keepwell, support, or other agreement” for the   benefit of each other Guarantor for all purposes of Section 1a(18)(A)(v)(II)   of the Commodity Exchange Act. Section 11.13 Acknowledgement and Consent to   Bail-In of EEA Financial Institutions. Notwithstanding anything to the   contrary in any Loan Document, each party hereto acknowledges that any   liability of any Lender that is an EEA Financial Institution arising under   any Loan Document, to the extent such liability is unsecured, may be subject   to the Write-Down and Conversion Powers and agrees and consents to, and   acknowledges and agrees to be bound by: (a) the application of any Write-Down   and Conversion Powers to any such liabilities arising hereunder which may be   payable to it by any Lender that is an EEA Financial Institution; and (b) the   effects of any Bail-in Action on any such liability, including, if   applicable: (i) a reduction in full or in part or cancellation of any such   liability; (ii) a conversion of all, or a portion of, such liability into   shares or other instruments of ownership in such EEA Financial Institution,   its parent undertaking, or a bridge institution that may be issued to it or   otherwise conferred on it, and that such shares or other instruments of   ownership will be accepted by it in lieu of any rights with respect to any   such liability under this Agreement or any other Loan Document; or 210   1002217597 1001820109v3 

    

 

(iii) the   variation of the terms of such liability in connection with the exercise of   the Write-Down and Conversion Powers. 211 1002217597 1001820109v3 

    

 

Schedule 1.01A   Commitments1. LenderMizuho Bank, Ltd. Additional Tranche A Term SunTrust Bank   $29,438,329.72 JPMorgan ChaseWells Fargo Bank, N.A.   $250,000,000.0029,438,329.72 Bank of Montreal $20,380,382.12 Lender Tranche A   TermRevolving Credit Commitment Bank of America, N.A.   $2,070,000,00034,645,612.29 Goldman SachsJPMorgan Chase Bank USA,   $230,000,00034,645,612.29 Total:The Bank of Tokyo Mitsubishi UFJ, Ltd.   $2,300,000,00029,438,329.72 Lender Revolving Credit Commitment JPMorgan Chase   Bank, N.A. $37,500,000.00437,204,387.71 The Bank of America, N.ATokyo   Mitsubishi $24,315,920.00295,561,670.28 Citibank, N.A. $21,144,279.00 HSBC   Bank USA, National Association $21,144,279.00 Mizuho Bank, Ltd. $21,144,279.00295,561,670.28   TheSunTrust Bank of Tokyo-Mitsubishi UFJ, $21,144,279.00295,561,670.28. Royal   Bank of Canada $21,144,279.00 SunTrustWells Fargo Bank, N.A.   $21,144,279.00295,561,670.28 Wells Fargo Bank, National Association of   $21,144,279.00204,619,617.88 U.S. Bank National Association   $12,686,565.00181,884,104.79 Compass Bank D/B/Citibank, N.A BBVA   $10,572,139.00181,884,104.79 Barclays Bank of montreal PLC   $10,572,139.00150,000,000.00 Goldman Sachs Bank USA   $6,343,284.0099,956,716.00 Total: $250,000,000.002,875,000,000.00 Lender   Initial Term Commitment Bank of America, N.A. $2,500,000,000437,204,387.71   Total: $2,500,000,000 

    

 

2 U.S. Bank   National Association $18,115,895.21 Citibank, N.A. $18,115,895.21 Goldman   Sachs Bank USA $6,343,284.00 Total: $250,000,000.00 

    

 

Schedule   4.01(a) Post-Closing Requirements No later than 90 calendar days immediately   following the Closing Date, the Borrower shall: (i) file with the United   States Patent and Trademark Office and the United States Copyright Office, as   applicable, properly executed documents or instruments, including   assignments, inventor assignments, name changes, merger certificates, and/or   corrective documents, necessary to update record ownership of registered or   applied-for intellectual property included in the Collateral which is   standing in the name of a predecessor in title to a Loan Party;provided, that   with respect to any such intellectual property which is standing in the name   of an unaffiliated third party as to which the Borrower is not in possession   of assignment documentation in recordable form, such covenant will be   construed to require only the exercise of commercially reasonable efforts on   the Borrower's part; (ii) prepare, use commercially reasonable efforts to   obtain the execution of and, if such execution can be obtained, file with the   United States Patent and Trademark Office and United States Copyright Office,   as applicable, properly executed releases of all Liens in favor of PNC Bank   pursuant to the Intellectual Property Security Agreement and Subsidiary   Intellectual Property Security Agreement, dated October 23, 1998, recorded in   the PTO at Reel 1808/ Frame 0443 and Reel 1808/Frame 0420, respectively, and   in the United States Copyright Office at Vol. 3426/ Doc 098; and (iii) use   commercially reasonable efforts to contact the lienholder with respect to the   Trademark Security Agreement, dated July 30, 2010, between Marble Slab   Franchise Brands, LLC and Levin Leichtman Capital Partners, recorded in error   against Activision Publishing Inc.'s trademark CRASH NITRO KART, at Reel   4251/Frame 0563, and request that such lienholder record a Certificate of   Correction or Release with respect to the erroneous filing; provided that if   such Certificate of Correction or Release cannot be obtained within 90   calendar days, then the Borrower shall undertake commercially reasonable   unilateral efforts to correct the PTO assignment records with respect to this   registration but only if this trademark is or becomes material. The Borrower   shall promptly provide to the Collateral Agent evidence of all filings   (including recordation notices) made pursuant to the foregoing subsections. 

    

 

Schedule   6.13(a) Certain Collateral Documents None. 

    

 

Schedule 10.02   Administrative Agent's Office, Certain Addresses for Notices Borrower   Activision Blizzard 3100 Ocean Park Blvd. Santa Monica, CA 90405 Attention:   Dennis M. Durkin, Chief Financial Officer Telephone: (310) 255-2408   Electronic Mail: dennis.durkin@activision.com with copies to: Activision Blizzard   3100 Ocean Park Blvd. Santa Monica, CA 90405 Attention: Christopher B.   Walther, Chief Legal Officer Telephone: (310) 255-2059 Electronic Mail:   chris.walther@activision.com and Skadden, Arps, Slate, Meagher & Flom LLP   4 Times Square Debevoise & Plimpton LLP 919 Third Avenue New York, NY   1003610022 Attention: Robert A. CopenJeffery E. Ross Telephone:   212-735909-35366465 Telecopier: 917-777521-35367465 Electronic Mail:   robert.copen@skaddenjeross@debevoise.com Administrative Agent Administrative   Agent’s Office (for payments and Requests for Credit Extensions): Bank of   America, N.A., as Administrative Agent Credit Services Mail Code:   TX1-492-14-11 901 Main Street, Floor 14 Dallas, TX 75203 Attention: Ramon   Gomez, Jr. Telephone: 972-338-3785 Telecopier: 214-290-8367 Electronic Mail:   ramon.gomez_jr@baml.com 

    

 

Bank of   America, New York, NY ABA # 026009593 Account Name: Corporate LoansCredit   Services Account No.: 0012920008831292000883 Attention: Ramn Gomez, Jr. Ref.:   Activision Blizzard, Inc. Other Notices as Administrative Agent: Bank of   America, N.A. Agency Management Mail Code: WA3-132-01-01 Houghton Banking   Center 10623 NE 68th Street Kirkland, WA 98033 Attention: Tiffany Shin   Telephone: 206-358-0078 Telecopier: 415-343-0561 Electronic Mail:   tiffany.shin@baml.com L/C Issuer Bank of America, N.A. Trade Operations-Los   Angeles #22621Services – Standby LC 1000 W. Temple Street, 7th Floor 1 Fleet   Way, 2nd Floor CA9PA6-705-07-05580-02-30 Los Angeles, CA 90012-1514 Scranton,   PA 18507 Attention: Stella Rosales Charles Herron Telephone: 213   570-417496-94849564 Telecopier: 213 800-457755-88418743 Electronic Mail:   charles.p.herron@baml.com Electronic Mail: stalla.rosales@baml.com and J.P.   Morgan Securities LLC 2029 Century Park East, 38th Floor Los Angeles, CA   90067 Attention: Gerardo B. Loera, Vice President Telephone: (310) 860-7206   Electronic Mail: gerardo.b.loera@jpmorgan.com with copies to: J.P. Morgan   Securities LLC 2029 Century Park East, 38th Floor 

    

 

Swing Line   Lender Bank of America, N.A. Credit Services Mail Code: TX1-492-14-11 901   Main Street, Floor 14 Dallas, TX 75203 Attention: Ramon Gomez, Jr. Telephone:   972-338-3785 Telecopier: 214-290-8367 Electronic Mail:   ramon.gomez_jr@baml.com Wire Instruction: Bank of America, New York, NY ABA #   026009593 Account Name: Corporate LoansCredit Services Account No.:   0012920008831292000883 Attention: Ramn Gomez, Jr. Ref.: Activision Blizzard,   Inc. 

    

 

EXHIBIT A [FORM   OF] COMMITTED LOAN NOTICE To: Bank of America, N.A., as Administrative Agent   [Date] Ladies and Gentlemen: Reference is made to the Credit Agreement, dated   as of October 11, 2013 (as amended, restated, amended and restated,   supplemented or otherwise modified from time to time, the “Credit   Agreement”), among Activision Blizzard, Inc., as Borrower, the Guarantors   party thereto from time to time, the lenders and other parties thereto from   time to time and Bank of America, N.A., as Administrative Agent. Capitalized   terms used herein and not otherwise defined herein shall have the meanings   assigned to such terms in the Credit Agreement. The undersigned Borrower   hereby requests (select one): A Borrowing of new Loans A conversion of Loans   made on A continuation of Loans made on to be made on the terms set forth   below: (A)Class of Borrowing1 (B)Date of Borrowing, conversion or   continuation (which is a Business Day) (C)Principal amount2 (D)Borrower   (G)Type of Loan3 (H)Interest Period and the last day thereof4 1 Initial Term,   Tranche A Term or Revolving Credit. 2 Eurodollar borrowing minimum of   $5,000,000, and borrowings also allowed in whole multiples of $1,000,000 in   excess thereof. Base Rate borrowing minimum of $1,000,000 and borrowings also   allowed in whole multiples of $500,000 in excess thereof. 3 Specify   Eurodollar or Base Rate. 4 Applicable for Eurodollar Borrowings/Loans only.   A-1 

    

 

(I) Location   and number of Borrower’s account to which proceeds of Borrowings are to be   disbursed: [The undersigned Borrower hereby represents and warrants to the   Administrative Agent and the Lenders that, on and as of the date of the   Borrowing contemplated by this Committed Loan Notice, the conditions to   lending specified in Sections 4.02(i), and (ii) and (iv) (if applicable) of   the Credit Agreement shall have been satisfied.]5 ACTIVISION BLIZZARD, INC.   By: Name: Title: 5 Insert bracketed language if the Borrower is requesting a   Borrowing of new Revolving Credit Loans after the Closing Date. A-2 

    

 

EXHIBIT B [FORM   OF] SWING LINE LOAN NOTICE To: Bank of America, N.A.., as Swing Line Lender   and Administrative Agent [Date] Ladies and Gentlemen: Reference is made to   the Credit Agreement, dated as of October 11, 2013 (as amended, restated,   amended and restated, supplemented or otherwise modified from time to time,   the “Credit Agreement”), among Activision Blizzard, Inc., as Borrower, the   Guarantors party thereto from time to time, the lenders and other parties   thereto from time to time and Bank of America, N.A., as Administrative Agent.   Capitalized terms used herein and not otherwise defined herein shall have the   meanings assigned to such terms in the Credit Agreement. The undersigned   Borrower hereby gives you notice pursuant to Section 2.04(b) of the Credit   Agreement that it requests a Swing Line Borrowing under the Credit Agreement,   and in that connection sets forth below the terms on which such Swing Line   Borrowing is requested to be made: (A)Principal Amount to be Borrowed1 (B)   Date of Borrowing (which is a Business Day) [The undersigned Borrower hereby   represents and warrants to the Administrative Agent and the Lenders that, on   and as of the date of the Swing Line Borrowing contemplated by this Swing   Line Loan Notice, the conditions to lending specified in Section 4.02(i), and   (ii) and (iv) (if applicable) of the Credit Agreement have been satisfied.]2   ACTIVISION BLIZZARD, INC. By: Name: Title: 1 Shall be a minimum of $100,000.   2 Insert bracketed language after the Closing Date. B-1 

    

 

EXHIBIT C-1   LENDER: [•] PRINCIPAL AMOUNT: $[•] [FORM OF] TERM NOTE New York,   New York [Date] FOR VALUE RECEIVED, the undersigned, ACTIVISION BLIZZARD,   INC., a Delaware limited liability company (the “ Borrower”), hereby promises   to pay to the Lender set forth above (the “Lender”) or its registered assigns   in lawful money of the United States of America in immediately available   funds at the relevant Administrative Agent’s Office (such term, and each   other capitalized term used but not defined herein, having the meaning   assigned to it in the Credit Agreement dated as of October 11, 2013 (as   amended, restated, amended and restated, supplemented or otherwise modified   from time to time, the “Credit Agreement”), among the Borrower, the   Guarantors party thereto from time to time, the lenders and other parties   thereto from time to time and Bank of America, N.A., as Administrative Agent)   (i) on the dates set forth in the Credit Agreement, the principal installment   amounts set forth in the Credit Agreement with respect to[Initial] [Tranche   A]1 Term Loans made by the Lender to the Borrower pursuant to the Credit   Agreement and (ii) on each Interest Payment Date, interest at the rate or   rates per annum as provided in the Credit Agreement on the unpaid principal   amount of all [Initial] [Tranche A]2 Term Loans made by the Lender to the   Borrower pursuant to the Credit Agreement. The Borrower promises to pay   interest, on demand, on any overdue principal and, to the extent permitted by   law, overdue interest from their due dates at the rate or rates provided in   (and to the extent required by) the Credit Agreement. The Borrower hereby   waives diligence, presentment, demand, protest and notice of any kind   whatsoever. The nonexercise by the holder hereof of any of its rights hereunder   in any particular instance shall not constitute a waiver thereof in that or   any subsequent instance. All borrowings evidenced by this note and all   payments and prepayments of the principal hereof and interest hereon and the   respective dates thereof shall be endorsed by the holder hereof on the   schedule attached hereto and made a part hereof or on a continuation thereof   which shall be attached hereto and made a part hereof, or otherwise recorded   by such holder in its internal records; provided, however, that the failure   of the holder hereof to make such a notation or any error in such notation   shall not affect the obligations of the Borrower under this note. This note   is one of the Term Notes referred to in the Credit Agreement that, among   other things, contains provisions for the acceleration of the maturity hereof   upon the happening of certain events, for optional and mandatory prepayment   of the principal hereof prior to the maturity hereof and for the amendment or   waiver of certain provisions of the Credit Agreement, all upon the terms and   conditions therein specified. 1 Select as appropriate. 2 Select as   appropriate. C-1-1 

    

 

EXHIBIT D-1D   [FORM OF] COMPLIANCE CERTIFICATE Reference is made to the Credit Agreement   dated as of October 11, 2013 (as amended, restated, amended and restated,   supplemented or otherwise modified from time to time, the “Credit   Agreement”), among the Borrower, the Guarantors party thereto from time to   time, the lenders and other parties thereto from time to time and Bank of   America, N.A., as Administrative Agent (capitalized terms used herein have   the meanings attributed thereto in the Credit Agreement unless otherwise   defined herein). Pursuant to Section 6.02(a) of the Credit Agreement, the   undersigned, in his/her capacity as a Responsible Officer of the Borrower,   certifies as follows: 1. [Attached hereto as Exhibit A is the audited   consolidated balance sheet of the Company and its Subsidiaries as of December   31, 20[ ] and related consolidated statements of income or operations,   stockholders' equity and cash flows for the fiscal year then ended, setting   forth in each case in comparative form the figures for the previous fiscal   year, all in reasonable detail and prepared in accordance with GAAP, audited   and accompanied by a report and opinion of [PricewaterhouseCoopers], prepared   in accordance with generally accepted auditing standards and not subject to   any "going concern" or like qualification or exception or any   qualification or exception as to the scope of such audit (other than any   qualification that is expressly solely with respect to, or expressly   resulting solely from, (A) an upcoming maturity date of the Revolvingany   Facility under the Credit Agreement or (B) any potential inability to satisfy   a financial maintenance covenant on a future date or in a future period).1]   2. [Attached hereto as Exhibit A is the consolidated balance sheet of the   Company and its Subsidiaries as of [ ] and the related (i) consolidated   statements of income or operations for such fiscal quarter and for the   portion of the fiscal year then ended and (ii) consolidated statements of   cash flows for the portion of the fiscal year then ended, setting forth in   each case in comparative form the figures for the corresponding fiscal   quarter of the previous fiscal year and the corresponding portion of the   previous fiscal year, all in reasonable detail. These present fairly in all   material respects the financial condition, results of operations,   stockholders' equity and cash flows of the Company and its Subsidiaries in   accordance with GAAP, subject only to normal year-end audit adjustments and   the absence of footnotes.2] 3. To my knowledge, except as otherwise disclosed   to the Administrative Agent pursuant to the Credit Agreement, no Default has   occurred. [If unable to provide the foregoing certification, fully describe   the reasons therefor and circumstances thereof and any action taken or   proposed to be taken with respect thereto on Annex A attached hereto.] 4.   [The following represent true and accurate calculations, as of [ ], to be   used to determine compliance with the covenant set forth in Section 7.09 of   the Credit Agreement: is secured by Liens= Consolidated EBITDA= 1 To be   included if accompanying annual financial statements only. 2 To be included if   accompanying quarterly financial statements only. D-1-1 Consolidated Secured   Debt Ratio: Consolidated Total Net Debt that[] [] 

    

 

Supporting   detail showing the calculation of the Consolidated Secured Debt Ratio is   attached hereto as Schedule 1.3]4 5. The following represent true and   accurate calculations, as of [ ], to be used to determine the Applicable Rate   with respect to Revolving Credit Loans, unused Revolving Credit Commitments   and Letter of Credit fees: Consolidated EBITDA= Actual Ratio= Supporting   detail showing the calculation of the Consolidated Secured Debt Ratio is   attached hereto as Schedule 1.5 6. [Attached hereto is the information   required by Section 6.02(c) of the Credit Agreement.6] 3 Which calculations   shall be in reasonable detail satisfactory to the Administrative Agent and   shall include, among other things, an explanation of the methodology used in   such calculations and a breakdown of the components of such calculations. 4   Insert if Section 7.09 is applicable for the reporting period. 5 Which   calculations shall be in reasonable detail satisfactory to the Administrative   Agent and shall include, among other things, an explanation of the   methodology used in such calculations and a breakdown of the components of   such calculations. 6 To be included only in annual compliance certificate.   D-1-2 Consolidated Secured Debt Ratio: Consolidated Total Net Debt that[] is   secured by Liens= [] [] to 1.0 Actual Ratio=[] to 1.0 Required Ratio=2.50 to   1.0 

    

 

SCHEDULE 1 (2)   Consolidated EBITDA: 1 provided that only 50% of the cash and Cash   Equivalents of Foreign Subsidiaries are included in this calculation. D-1-3   (A)Consolidated Secured Debt Ratio: Consolidated Total Net Debt to   Consolidated EBITD (1)Consolidated Total Net Debt that is secured by Liens as   of [ ], 20[ ]: (a)At any date of determination, the aggregate principal   amount of Indebtedness of the Borrower and its Restricted Subsidiaries   outstanding on such date, determined on a consolidated basis in accordance   with GAAP consisting of the sum of the following: (i)Indebtedness for   borrowed money, and (ii)Attributable Indebtedness. (b)less up to   $1,000,000,000 of cash and Cash Equivalents (which are not Restricted Cash)   that would be stated on the balance sheet of the Borrower and its Restricted   Subsidiaries as of such date of determination,1 Consolidated Total Net Debt   (a)Consolidated Net Income: (i)the Net Income of the Borrower and its   Restricted Subsidiaries for such period, on a consolidated basis, and otherwise   determined in accordance with GAAP, excluding, without duplication: (A)any   after-tax effect of extraordinary, non-recurring or unusual gains or losses   (less all fees and expenses relating thereto) or expenses (including relating   to the Transaction), severance, relocation costs and curtailments or   modifications to pension and post-retirement employee benefit plans, (B)the   cumulative effect of a change in accounting principles during such period   including changes from international financial reporting standards 

    

 

D-1-4 to United   States financial reporting standards, (C)any after-tax effect of income   (loss) from disposed or discontinued operations and any net after-tax gains   or losses on disposal of disposed, abandoned or discontinued operations,   (D)any after-tax effect of gains or losses (less all fees and expenses   relating thereto) attributable to asset dispositions other than in the   ordinary course of business, as determined in good faith by the Borrower,   (E)the Net Income for such period of any Person that is not a Subsidiary, or   is an Unrestricted Subsidiary, or that is accounted for by the equity method   of accounting, provided that Consolidated Net Income of the Borrower shall be   increased by the amount of dividends or distributions or other payments that   are actually paid in cash (or to the extent converted into cash or Cash   Equivalents) to the Borrower or a Restricted Subsidiary in respect of such   period, (F)effects of purchase accounting adjustments (including the effects   of such adjustments pushed down to the Borrower and such Subsidiaries) in   component amounts required or permitted by GAAP, resulting from the   application of purchase accounting in relation to the Transaction or any   consummated acquisition or the amortization or write-off of any amounts thereof,   net of taxes, (G)any after-tax effect of income (loss) from the early   extinguishment of Indebtedness or Hedging Obligations or other derivative   instruments, (H)any impairment charge or asset write-off, in each case,   pursuant to GAAP and the amortization of intangibles arising pursuant to   GAAP, (I)any non-cash compensation expense recorded from grants of stock   appreciation or similar rights, stock options, restricted stock or other   rights, 

    

 

(J) any fees   and expenses incurred during such period, or any amortization thereof for   such period, in connection with the Transaction and any acquisition,   Investment, Disposition, issuance or repayment of Indebtedness, issuance of   Equity Interests, refinancing transaction or amendment or modification of any   debt instrument (in each case, including any such transaction consummated   prior to the Closing Date and any such transaction undertaken but not   completed) and any charges or non-recurring merger costs incurred during such   period as a result of any such transaction; and (b) plus (without   duplication): D-1-5 (K)any adjustment of the nature used in connection with   the calculation of “Adjusted EBITDA” as set forth in footnotes (b) to the   "Summary Historical and Pro forma Financial Information" under   "Summary" in the Notes Offering Memorandum to the extent any such   adjustment, without duplication, continues to be applicable during such   period. (i)provision for taxes based on income or profits or capital gains,   including, without limitation, federal, state, non-U.S. franchise, excise,   value added and similar taxes and foreign withholding taxes of the Borrower   paid or accrued during such period, including any penalties and interest   relating to such taxes or arising from any tax examinations, deducted (and not   added back) in computing Consolidated Net Income, (ii)Fixed Charges of the   Borrower for such period (including (x) net losses on Hedging Obligations or   other derivative instruments entered into for the purpose of hedging interest   rate risk and (y) costs of surety bonds in connection with financing   activities, in each case, to the extent included in Fixed Charges), together   with items excluded from the definition of “Consolidated Interest Expense”   pursuant to clauses (a)(A) through (a)(C) thereof, to the extent the same was   deducted (and not added back) in calculating such Consolidated Net Income,   (iii)Consolidated Depreciation and Amortization Expense of the Borrower for   such period to the extent the same 

    

 

D-1-6 were   deducted (and not added back) in computing Consolidated Net Income, (iv)any   fees, expenses or charges (other than depreciation or amortization expense)   related to any Equity Offering, Permitted Investment, acquisition,   disposition, recapitalization or the incurrence or repayment of Indebtedness   permitted to be incurred in accordance with this Agreement (including a   refinancing thereof) (whether or not successful), including (i) such fees,   expenses or charges related to the offering of the Senior Notes and the   initial Credit Extensions under the Credit Agreement, (ii) any amendment or   other modification of the Senior Notes, and, in each case, deducted (and not   added back) in computing Consolidated Net Income and (iii) commissions,   discounts, yield and other fees and charges (including any interest expense)   related to any Receivables Facility, (v)the amount of any restructuring   charge or reserve deducted (and not added back) in such period in computing   Consolidated Net Income, including any restructuring costs incurred in connection   with acquisitions, mergers or consolidations after the Closing Date, costs   related to the closure and/or consolidation of facilities, retention charges,   systems establishment costs and excess pension charges, excluding, for the   avoidance of doubt, development costs in connection with unreleased products,   (vi)any other non-cash charges, including any write offs or write downs,   reducing Consolidated Net Income for such period (provided that if any such   non-cash charges represent an accrual or reserve for potential cash items in   any future period, the cash payment in respect thereof in such future period   shall be subtracted from Consolidated EBITDA in such future period to the   extent paid, but excluding from this proviso, for the avoidance of doubt, amortization   of a prepaid cash item that was paid in a prior period), (vii)the amount of   any minority interest expense consisting of Subsidiary income attributable to   minority equity interests of third parties in any non-Wholly-Owned Subsidiary   deducted (and not added back) in such period in calculating Consolidated Net   Income, 

    

 

(viii) the   amount of loss on sale of receivables and related assets to the Receivables   Subsidiary in connection with a Receivables Facility, (ix) any costs or expense   incurred by the Borrower or a Restricted Subsidiary pursuant to any   management equity plan or stock option plan or any other management or   employee benefit plan or agreement or any stock subscription or shareholder   agreement, to the extent that such cost or expenses are funded with cash   proceeds contributed to the capital of the Borrower or net cash proceeds of   an issuance of Equity Interest of the Borrower (other than Disqualified   Stock) solely to the extent that such net cash proceeds are excluded from the   calculation set forth in Section 7.05(a)(3) of the Credit Agreement, and (x)   the amount of cost savings, operating expense reductions, other operating   improvements and initiatives and synergies projected by the Borrower in good   faith to be reasonably anticipated to be realizable or a plan for realization   shall have been established within 18 months of the date thereof (which will   be added to Consolidated EBITDA as so projected until fully realized and   calculated on a pro forma basis as though such cost savings, operating   expense reductions, other operating improvements and initiatives and   synergies had been realized on the first day of such period), net of the   amount of actual benefits realized during such period from such actions;   provided that all steps have been taken for realizing such cost savings and   such cost savings are reasonably identifiable and factually supportable (in   the good faith determination of the Borrower). (d) plus or minus (without   duplication) D-1-7 (c)minus (without duplication) non-cash gains increasing   Consolidated Net Income of the Borrower for such period, excluding any   non-cash gains to the extent they represent the reversal of an accrual or   reserve for a potential cash item that reduced Consolidated EBITDA in any   prior period, and (i)any net gain or loss resulting in such period from   Hedging Obligations and the application of Financial Accounting Codification   No. 815-Derivatives and Hedging; plus or minus, as applicable, and 

    

 

Consolidated   EBITDA D-1-8 (ii)any net gain or loss resulting in such period from currency   translation gains or losses related to currency remeasurements of   Indebtedness (including any net loss or gain resulting from hedge agreements   for currency exchange risk). Consolidated Total Net Debt secured by Liens to   Consolidated EBITDA[ ]:1.00 Covenant Requirement No more than 2.50:1.00 

    

 

IN WITNESS   WHEREOF, the undersigned, in his/her capacity as a Responsible Officer of the   Borrower, has executed this certificate for and on behalf of the Borrower and   has caused this certificate to be delivered this day of . ACTIVISION   BLIZZARD, INC. By: Name: Title: D-1-9 

    

 

EXHIBIT D-2   [FORM OF] COMPLIANCE CERTIFICATE Reference is made to the Credit Agreement   dated as of October 11, 2013 (as amended, restated, amended and restated,   supplemented or otherwise modified from time to time, the “Credit   Agreement”), among the Borrower, the Guarantors party thereto from time to   time, the lenders and other parties thereto from time to time and Bank of   America, N.A., as Administrative Agent (capitalized terms used herein have   the meanings attributed thereto in the Credit Agreement unless otherwise   defined herein). Pursuant to Section 6.02(a) of the Credit Agreement, the   undersigned, in his/her capacity as a Responsible Officer of the Borrower,   certifies as follows: 1. [Attached hereto as Exhibit A is the audited   consolidated balance sheet of the Company and its Subsidiaries as of December   31, 20[ ] and related consolidated statements of income or operations,   stockholders' equity and cash flows for the fiscal year then ended, setting   forth in each case in comparative form the figures for the previous fiscal   year, all in reasonable detail and prepared in accordance with GAAP, audited   and accompanied by a report and opinion of [PricewaterhouseCoopers], prepared   in accordance with generally accepted auditing standards and not subject to   any "going concern" or like qualification or exception or any   qualification or exception as to the scope of such audit (other than any   qualification that is expressly solely with respect to, or expressly   resulting solely from, (A) an upcoming maturity date of the Revolving   Facility or (B) any potential inability to satisfy a financial maintenance   covenant on a future date or in a future period).]1 2. [Attached hereto as   Exhibit A is the consolidated balance sheet of the Company and its   Subsidiaries as of [ ] and the related (i) consolidated statements of income   or operations for such fiscal quarter and for the portion of the fiscal year   then ended and (ii) consolidated statements of cash flows for the portion of   the fiscal year then ended, setting forth in each case in comparative form   the figures for the corresponding fiscal quarter of the previous fiscal year   and the corresponding portion of the previous fiscal year, all in reasonable   detail. These present fairly in all material respects the financial condition,   results of operations, stockholders' equity and cash flows of the Company and   its Subsidiaries in accordance with GAAP, subject only to normal year-end   audit adjustments and the absence of footnotes.]1 3. To my knowledge, except   as otherwise disclosed to the Administrative Agent pursuant to the Credit   Agreement, no Default has occurred. [If unable to provide the foregoing   certification, fully describe the reasons therefor and circumstances thereof   and any action taken or proposed to be taken with respect thereto on Annex A   attached hereto.] 1 To be included if accompanying annual financial   statements only. 1 To be included if accompanying quarterly financial   statements only. D-2-1 

    

 

3. 4. The   following represent true and accurate calculations, as of [ ], to be used to   determine compliance with the covenant set forth in Section 7.11 of the   Credit Agreement: Consolidated Total Net Debt Ratio: Consolidated Total Net   Debt= Consolidated EBITDA= Actual Ratio= Required Ratio= [ [ [ ] ] ] to 1.0 [4.00]2[3.50]3   to 1.0 Supporting detail showing the calculation of the Consolidated Total   Net Debt Ratio is attached hereto as Schedule 1.4 5. The following represent   true and accurate calculations, as of [ ], to be used to determine the   Applicable Rate with respect to Tranche A Term Loans and, upon the 2015   Revolving Credit Facility Effective Date (if any), Revolving Credit Loans,   unused Revolving Credit Commitments and Letter of Credit fees: Ratio:   Consolidated Total Net Debt = Consolidated EBITDA= Actual Ratio= Supporting   detail showing the calculation of the Consolidated Total Net Debt Ratio is   attached hereto as Schedule 1.6 2 To be used for any Test Period ending on or   prior to the last day of thesixthsecond full fiscal quarter after the 2015   Closing Date; provided the Collateral Suspension has not occurred prior to   the date falling 18 months after the 2015 Closing Date 2016 Credit Agreement   Amendment Effective Date. 3 To be used (i) for any Test Period ending after   the last day of thesixthsecond full fiscal quarter after the 2015 Closing   Date and (ii) if the Collateral Suspension has occurred prior to the date   falling 18 months after the 2015 Closing Date, as of the later of (A) the   last day of any Test Period ending on the last day of the fourth full fiscal   quarter after the 2015 Closing Date and (B) the last day of any Test Period   in which the Collateral Suspension has occurred 2016 Credit Agreement   Amendment Effective Date. 4 Which calculations shall be in reasonable detail   satisfactory to the Administrative Agent and shall include, among other   things, an explanation of the methodology used in such calculations and a   breakdown of the components of such calculations. D-2-2 Consolidated Total   Net Debt [] [] [] to 1.0 

    

 

[Attached   hereto is the information required by Section 6.02(c) of the Credit   Agreement.7]5 5. 6 Which calculations shall be in reasonable detail   satisfactory to the Administrative Agent and shall include, among other   things, an explanation of the methodology used in such calculations and a   breakdown of the components of such calculations. 75 To be included only in   annual compliance certificate. D-2-3 

    

 

6. SCHEDULE 1   (A) Consolidated Total Net Debt Ratio: Consolidated Total Net Debt to Consolidated   EBITDA (1) Consolidated Total Net Debt as of [ ], 20[ ]: (a) At any date of   determination, the aggregate principal amount of Indebtedness of the Borrower   and its Restricted Subsidiaries outstanding on such date, determined on a   consolidated basis in accordance with GAAP, consisting of the sum of the   following: (i) Indebtedness for borrowed money, and (ii) Attributable   IndebtednessCapitalized Lease Obligations. less up to $1,000,000,000 of cash   and Cash Equivalents (which are not Restricted Cash) that would be stated on   the balance sheet of the Borrower and its Restricted Subsidiaries as of such   date of determination,86 (b) Consolidated Total Net Debt (2) Consolidated   EBITDA: (a) Consolidated Net Income: (i) the Net Income of the Borrower and its   Restricted Subsidiaries for such period, on a consolidated basis, and   otherwise determined in accordance with GAAP, excluding, without duplication:   (A)any after-tax effect of extraordinary, non-recurring or unusual gains or   losses (less all fees and expenses relating thereto) or expenses (including   relating to the Transaction), severance, relocation costs and curtailments or   modifications to pension and post-retirement employee benefit plans, (B) the   cumulative effect of a change in accounting principles during such period   including changes from international financial reporting standards to United   States financial reporting standards, 86 provided that only 50% of the cash   and Cash Equivalents of Foreign Subsidiaries are included in this   calculation. D-2-4 

    

 

any   acquisition, Investment, Disposition, issuance or repayment of Indebtedness,   issuance of Equity Interests, refinancing transaction or amendment or   modification of any debt instrument (in each case, including any such   transaction consummated prior to the Closing Date and any such transaction   undertaken but not completed) and any charges or non-recurring merger costs   incurred during such period as a result of any such transaction; and (K)any   adjustment of the nature used in connection with the calculation of “Adjusted   EBITDA” as set forth in footnotes (b) to the "Summary Historical and Pro   formaForma Financial Information" under "Summary" in the Notes   Offering Memorandum to the extent any such adjustment, without duplication,   continues to be applicable during such period. (b) plus (without   duplication): (i) provision for taxes based on income or profits or capital   gains, including, without limitation, federal, state, non-U.S. franchise,   excise, value added and similar taxes and foreign withholding taxes of the   Borrower paid or accrued during such period, including any penalties and   interest relating to such taxes or arising from any tax examinations,   deducted (and not added back) in computing Consolidated Net Income, (ii)   Fixed Charges of the Borrower for such period (including (x) net losses on   Hedging Obligations or other derivative instruments entered into for the   purpose of hedging interest rate risk and (y) costs of surety bonds in   connection with financing activities, in each case, to the extent included in   Fixed Charges), together with items excluded from the definition of   “Consolidated Interest Expense” pursuant to clauses (a)(A) through (a)(C)   thereof, to the extent the same was deducted (and not added back) in   calculating such Consolidated Net Income, (iii) Consolidated Depreciation and   Amortization Expense of the Borrower for such period to the extent the same   were deducted (and not added back) in computing Consolidated Net Income,   D-2-6 

    

 

currency   exchange risk). Consolidated EBITDA Consolidated Total Net Debt to   Consolidated EBITDA [ ]:1.00 Covenant Requirement No more than   [4.00]97[3.50]108:1.00 97 To be used for any Test Period ending on or prior   to the last day of thesixthsecond full fiscal quarter after the 2015 Closing   Date; provided the Collateral Suspension has not occurred prior to the date   falling 18 months after the 2015 Closing Date2016 Credit Agreement Amendment   Effective Date. 108 To be used (i) for any Test Period ending after the last   day of thesixthsecond full fiscal quarter after the 2015 Closing Date and   (ii) if the Collateral Suspension has occurred prior to the date falling 18   months after the 2015 Closing Date, as of the later of (A) the last day of   any Test Period ending on the last day of the fourth full fiscal quarter   after the 2015 Closing Date and (B) the last day of any Test Period in which   the Collateral Suspension has occurred2016 Credit Agreement Amendment   Effective Date. D-2-9 

    

 

6. Assigned   Interest: Number ]11 [7. Trade Date: Effective Date: , 20 [TO BE INSERTED BY   ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF   TRANSFER IN THE REGISTER THEREFOR.] 6 List each Assignor, as appropriate. 7   List each Assignee, as appropriate. 8 Fill in the appropriate terminology for   the types of facilities under the Credit Agreement that are being assigned   under this Assignment (e.g. “Revolving Credit Commitment”, or “Initial Term   Commitment”, “Tranche A Term Commitment”, etc.). 9 Amounts in this column and   in the column immediately to the right to be adjusted by the counterparties   to take into account any payments or prepayments made between the Trade Date   and the Effective Date. 10 Set forth, to at least 9 decimals, as a percentage   of the Commitment/Loans of all Lenders thereunder. 11 To be completed if the   Assignor and the Assignee intend that the minimum assignment amount is to be   determined as of the Trade Date. E-3 Assignor[s]6 Assignee[s]7 Facility   Assigned8 Aggregate Amount of Commitment / Loans for all Lenders9 Amount of   Commitment / Loans Assigned Percentage Assigned of Commitment / Loans10 CUSIP   ___ _ _ _ $__ _ _ _ _ $__ _ __ ___ _ _ _% ___ _ _ _ $__ _ _ _ _ $__ _ __ ___   _ _ _% ___ _ _ _ $__ _ _ _ _ $__ _ __ ___ _ _ _% 

    

 

EXHIBIT F [FORM   OF] SECURITY AGREEMENTReserved] SECURITY AGREEMENT dated as of [ ]. 20[ ]   among ACTIVISION BLIZZARD, INC., as Borrower THE OTHER GRANTORS IDENTIFIED   HEREIN and BANK OF AMERICA, N.A., as Collateral Agent F-1 

    

 

TABLE OF   CONTENTS Page ARTICLE I Definitions SECTION 1.01. SECTION 1.02. ARTICLE II   Credit Agreement 4 Other Defined Terms 4 Pledge of Securities SECTION 2.01.   SECTION 2.02. SECTION 2.03. SECTION 2.04. Pledge 8 Delivery of the Pledged Collateral   8 Representations, Warranties and Covenants 9 Certification of Limited   Liability Company and Limited Partnership Interests 10 SECTION 2.05. SECTION   2.06. ARTICLE III Registration in Nominee Name; Denominations 10 Voting   Rights; Dividends and Interest 10 Security Interests in Personal Property   SECTION 3.01. SECTION 3.02. SECTION 3.03. SECTION 3.04. ARTICLE IV Security   Interest. 12 Representations and Warranties 13 Covenants Instruments 15 17   Remedies SECTION 4.01. SECTION 4.02. SECTION 4.03. ARTICLE V Remedies upon   Default Application of Proceeds 17 19 Grant of License to Use Intellectual   Property; Power of Attorney 19 Miscellaneous SECTION 5.01. SECTION 5.02.   SECTION 5.03. SECTION 5.04. SECTION 5.05. SECTION 5.06. 21 SECTION 5.07.   SECTION 5.08. Notices 20 Waivers; Amendment 20 Collateral Agent’s Fees and   Expenses 20 Successors and Assigns Survival of Agreement 21 21 Counterparts;   Effectiveness; Successors and Assigns; Several Agreement Severability 21   Right of Set-Off 22 F-2 

    

 

Page SECTION   5.09. Service of Process SECTION 5.10. SECTION 5.11. SECTION 5.12. SECTION   5.13. SECTION 5.14. SECTION 5.15. SECTION 5.16. SECTION 5.17. SECTION 5.18.   SECTION 5.19. SECTION 5.20. Schedules Governing Law; Jurisdiction; Venue;   Waiver of Jury Trial; Consent to 22 Headings 22 Security Interest Absolute 22   Intercreditor Agreement Governs 22 Termination or Release Additional   Guarantors23 22 Collateral Agent Appointed Attorney-in-Fact 23 General   Authority of the Collateral Agent 24 Reasonable Care 24 Mortgages 24   Reinstatement 25 Miscellaneous 25 SCHEDULE I SCHEDULE II SCHEDULE III Pledged   Equity; Pledged Debt Commercial Tort Claims Excluded Patents Exhibits EXHIBIT   I EXHIBIT II EXHIBIT III EXHIBIT IV Form of Security Agreement Supplement   Form of Patent Security Agreement Form of Trademark Security Agreement Form   of Copyright Security Agreement F-3 

    

 

SECURITY   AGREEMENT dated as of [ ] among ACTIVISION BLIZZARD, INC., a Delaware   corporation (the “Borrower”), the other Grantors identified herein and who   from time to time become a party hereto and BANK OF AMERICA, N.A., as   collateral agent for the Secured Parties (together with its successors and   assigns in such capacity, the “Collateral Agent”). Reference is made to the   Credit Agreement dated as of October 11, 2013 (as amended, restated, amended   and restated, supplemented or otherwise modified from time to time, the   “Credit Agreement”), among the Borrower, Bank of America, N.A., as   Administrative Agent, Swing Line Lender, and L/C Issuer, the Collateral Agent   and each lender from time to time party thereto (collectively, the “Lenders”   and individually, a “Lender”). The Lenders have agreed to extend credit to   the Borrower subject to the terms and conditions set forth in the Credit   Agreement and the Hedge Banks have agreed to perform certain obligations   under Secured Hedge Agreements and Treasury Services Agreements. The   obligations of the Lenders to extend such credit and the performance of such   obligations of the Hedge Banks under the Secured Hedge Agreements and   Treasury Services Agreements are conditioned upon, among other things, the   execution and delivery of this Agreement. The Guarantors are affiliates of   the Borrower, will derive substantial benefits from the extension of credit   to the Borrower pursuant to the Credit Agreement and the performance of such   obligations by the Hedge Banks and are willing to execute and deliver this   Agreement in order to induce the Lenders to extend such credit and the Hedge   Banks to enter into such Secured Hedge Agreements and Treasury Services   Agreements. Accordingly, the parties hereto agree as follows: ARTICLE I   Definitions SECTION 1.01. Credit Agreement. (a) Unless otherwise noted,   capitalized terms used in this Agreement and not otherwise defined herein   have the meanings specified in the Credit Agreement. Whether or not defined   in the Credit Agreement, all terms defined in the New York UCC (as defined   herein) and not defined in this Agreement have the meanings specified   therein; the term “instrument” shall have the meaning specified in Article 9   of the New York UCC. (b) The rules of construction specified in Article I of   the Credit Agreement also apply to this Agreement. SECTION 1.02. Other   Defined Terms. As used in this Agreement, the following terms have the   meanings specified below: “Account Debtor” means any Person who is or who may   become obligated to any Grantor under, with respect to or on account of an   Account. “Accounts” has the meaning specified in Article 9 of the New York   UCC. “Agreement” means this Security Agreement. “Article 9 Collateral” has   the meaning assigned to such term in Section 3.01(a). “Collateral” means the   Article 9 Collateral and the Pledged Collateral. “Copyright License” means   any written agreement, now or hereafter in effect, granting any right to any   third party under any Copyright now or hereafter owned by any Grantor or that   such Grantor F-4 

    

 

otherwise has   the right to license, or granting any right to any Grantor under any   Copyright now or hereafter owned by any third party, and all rights of such   Grantor under any such agreement. “Copyrights” means all of the following now   owned or hereafter acquired by any Grantor: (a) all copyright rights in any   work subject to and under the copyright laws of the United States, whether as   author, assignee, transferee, exclusive licensee or otherwise, and (b) all   registrations and applications for registration of any such copyright in the   United States, including registrations, recordings, supplemental   registrations and pending applications for registration in the USCO. “Credit   Agreement” has the meaning assigned to such term in the preliminary statement   of this Agreement. “Excluded Assets” means (a) any fee-owned Real Property,   together with any improvements thereon, with an individual fair market value   of less than $5,000,000 and all Real Property leasehold interests (including   requirements to deliver landlord lien waivers, estoppels and collateral   access letters), (b) vehicles and other assets subject to certificates of   title to the extent a Lien thereon cannot be perfected by the filing of a   financing statement under the UCC of any applicable jurisdiction, (c)   Letter-of-Credit Rights (other than to the extent a Lien thereon can be   perfected by the filing of a financing statement under the UCC), (d)   Commercial Tort Claims with a value of less than $10,000,000, (e) any asset   or property to the extent the grant of a security interest is prohibited by   applicable Law or requires a consent not obtained of any Governmental   Authority pursuant to such applicable Law, in each case after giving effect   to the applicable anti-assignment provisions of the UCC of any applicable   jurisdiction or other applicable Law and other than Proceeds and receivables   thereof, the assignment of which is expressly deemed effective under the UCC   of any applicable jurisdiction or other applicable Law notwithstanding such   prohibition, (f) assets to the extent a security interest in such assets   would result in material adverse tax consequences as reasonably determined,   in writing, by the Borrower and the Administrative Agent, (g) any lease,   license or other agreement or Contractual Obligation or any property subject   to a purchase money security interest, Lien securing a Capitalized Lease   Obligation or similar arrangement, in each case permitted to be incurred   under the Credit Agreement, to the extent that a grant of a security interest   therein would require a consent not obtained or violate or invalidate such   lease, license or agreement or Contractual Obligation or purchase money   arrangement, Capitalized Lease Obligation or similar arrangement or create a   right of termination in favor of any other party thereto (other than the   Borrower or a Guarantor), in each case after giving effect to the applicable   anti-assignment provisions of the UCC of any applicable jurisdiction and   other applicable Law and other than Proceeds and receivables thereof, the assignment   of which is expressly deemed effective under the UCC of any applicable   jurisdiction or other applicable Law notwithstanding such prohibition, (h)   those assets as to which the Administrative Agent and the Borrower shall   reasonably determine, in writing, that the cost of obtaining a Lien thereon   or perfection thereof are excessive in relation to the benefit to the Secured   Parties of the security to be afforded thereby, (i) voting Equity Interests   in excess of 65% of the total voting Equity Interests in (A) any CFC or (B)   any CFC Holdco, (j) any Equity Interests constituting margin stock and any   Equity Interests in (A) any Person that is not a Wholly-Owned Subsidiary to   the extent and for so long as the granting of a Lien on such Equity Interests   would be prohibited by the terms of any Organization Document, joint venture   agreement or shareholders’ agreement governing such Person or require any   consent not obtained of any one or more third parties (other than the   Borrower or a Guarantor), after giving effect to the applicable   anti-assignment provisions of the UCC of any applicable jurisdiction or other   applicable Law and other than Proceeds and receivables thereof, the   assignment of which is expressly deemed effective under the UCC of any   applicable jurisdiction or other applicable Law notwithstanding such   prohibition, (B) Amber Holding, (C) any Unrestricted Subsidiary (until such   time as any Unrestricted Subsidiary becomes a Restricted Subsidiary), (D) any   Excluded Subsidiary pursuant to F-5 

    

 

clause (b) of   the definition thereof (until such time as such Subsidiary is no longer an   Excluded Subsidiary pursuant to clause (b) of the definition thereof), or (E)   any Equity Interests in Vivendi Games Asia Pte Ltd.; provided that if Vivendi   Games Asia Pte Ltd. is not dissolved in accordance with Section 3.03(h) then   such Equity Interests shall not be excluded pursuant to this clause (E) and   shall constitute Collateral, (k) any “intent-to-use” trademark applications   prior to the filing and acceptance of a “Statement of Use” pursuant to   Section 1(d) of the Lanham Act or an “Amendment to Allege Use” pursuant to   Section 1(c) of the Lanham Act with respect thereto, (l) any foreign assets,   rights or property or credit support; provided that this clause (l) shall not   exclude any Equity Interests of Foreign Subsidiaries that are otherwise   required to be pledged pursuant to the terms of this Agreement.;provided,   however, that “Excluded Assets” shall not include any Proceeds, substitutions   or replacements of any “Excluded Assets” referred to in clauses (a) through   (m) (unless such Proceeds, substitutions or replacements would constitute   “Excluded Assets” referred to in any of clauses (a) through (m)). “Excluded   Patents” means the Patents identified on Schedule III attached hereto.   “General Intangibles” has the meaning specified in Article 9 of the New York   UCC and includes for the avoidance of doubt corporate or other business   records, indemnification claims, contract rights (including rights under   leases, whether entered into as lessor or lessee, Swap Contracts and other   agreements), goodwill, registrations, franchises, tax refund claims and any   letter of credit, guarantee, claim, security interest or other security held   by or granted to any Grantor, as the case may be, to secure payment by an   Account Debtor of any of the Accounts. “Grantor” means each of the Borrower,   each Guarantor that is a party hereto, and each Guarantor that becomes a   party to this Agreement after the Closing Date. “Intellectual Property” means   all intellectual and similar property of every kind and nature now owned or   hereafter acquired by any Grantor, including inventions, designs, Patents,   Copyrights, Licenses, Trademarks, trade secrets, confidential or proprietary   technical and business information, know-how, show-how or other data or   information, the intellectual property rights in software and databases and   related documentation and all additions, improvements and accessions to, and   books and records describing any of the foregoing; provided that the   foregoing does not include any such assets, rights or property subsisting   outside the United States. “Intellectual Property Security Agreements” means   the short-form Patent Security Agreement, short-form Trademark Security Agreement,   and short-form Copyright Security Agreement, each substantially in the form   attached hereto as Exhibits II, III and IV, respectively. “Investment   Property” has the meaning specified in Article 9 of the New York UCC, but   shall not include any Pledged Collateral. “License” means any Patent License,   Trademark License, Copyright License or other Intellectual Property license   or sublicense agreement to which any Grantor is a party, together with any   and all (i) renewals, extensions, amendments and supplements thereof, (ii)   income, fees, royalties, damages, claims and payments now and hereafter due   and/or payable thereunder or with respect thereto including damages for   breach or for infringement claims pertaining to the licensed Intellectual   Property (to the extent that a Grantor has the right to collect them), and   (iii) rights to sue for past, present and future breaches or violations   thereof. F-6 

    

 

 

“New York UCC”   means the Uniform Commercial Code as from time to time in effect in the State   of New York. “Patent License” means any written agreement, now or hereafter   in effect, granting to any third party any right to make, use or sell any   invention on which a Patent, now or hereafter owned by any Grantor or that   any Grantor otherwise has the right to license, is in existence, or granting   to any Grantor any right to make, use or sell any invention on which a   Patent, now or hereafter owned by any third party, is in existence, and all   rights of any Grantor under any such agreement. “Patents” means all of the   following now owned or hereafter acquired by any Grantor: (a) all letters   patent of the United States, all registrations and recordings thereof, and all   applications for letters patent of the United States, and (b) all reissues,   re-examinations, continuations, divisions, continuations-in-part, renewals,   or extensions thereof, and the inventions or improvements disclosed or   claimed therein. “Pledged Collateral” has the meaning assigned to such term   in Section 2.01. “Pledged Debt” has the meaning assigned to such term in   Section 2.01. “Pledged Equity” has the meaning assigned to such term in   Section 2.01. “Pledged Securities” means any promissory notes, stock   certificates, limited or unlimited liability membership certificates or other   securities now or hereafter included in the Pledged Collateral, including all   certificates, instruments or other documents representing or evidencing any   Pledged Collateral. “Security Agreement Supplement” means an instrument in   the form of Exhibit I hereto. “Security Interest” has the meaning assigned to   such term in Section 3.01(a). “Trademark License” means any written   agreement, now or hereafter in effect, granting to any third party any right   to use any trademark now or hereafter owned by any Grantor or that any   Grantor otherwise has the right to license, or granting to any Grantor any   right to use any trademark now or hereafter owned by any third party, and all   rights of any Grantor under any such agreement. “Trademarks” means all of the   following now owned or hereafter acquired by any Grantor: (a) all trademarks,   service marks, trade names, corporate names, trade dress, logos, designs,   fictitious business names other source or business identifiers protected   under the laws of the United States or any state or political subdivision   thereof, all registrations and recordings thereof, and all registration and   recording applications filed in connection therewith in the USPTO or any   similar offices in any State of the United States or any political   subdivision thereof, and all renewals thereof, as well as any unregistered   trademarks and service marks used by a Grantor and (b) all goodwill connected   with the use thereof and symbolized thereby. “USCO” means the United States   Copyright Office. “USPTO” means the United States Patent and Trademark   Office. F-7 

    

 

ARTICLE II   Pledge of Securities SECTION 2.01. Pledge. As security for the payment or   performance, as the case may be, in full of the Obligations, including the   Guarantee, each Grantor hereby pledges to the Collateral Agent, its   successors and assigns, for the benefit of the Secured Parties, and hereby   grants to the Collateral Agent, its successors and assigns, for the benefit   of the Secured Parties, a security interest in all of such Grantor’s right,   title and interest in, to and under (i) all Equity Interests held by it,   including those listed on Schedule I and any other Equity Interests obtained   in the future by such Grantor and the certificates, if any, representing all   such Equity Interests (the “Pledged Equity”); provided that the Pledged   Equity shall not include any Excluded Assets; (ii) (A) the debt securities   owned by it and listed opposite the name of such Grantor on Schedule I, (B)   any debt securities obtained in the future by such Grantor and (C) the   intercompany notes and other promissory notes and any other instruments   evidencing such debt securities (the “Pledged Debt”); provided that the   Pledged Debt shall not include any Excluded Assets; (iii) all other property   that may be delivered to and held by the Collateral Agent pursuant to the   terms of this Section 2.01 and Section 2.02; (iv) subject to Section 2.06,   all payments of principal or interest, dividends, cash, instruments and other   property from time to time received, receivable or otherwise distributed in   respect of, in exchange for or upon the conversion of, and all other Proceeds   received in respect of, the Pledged Equity and Pledged Debt; (v) subject to   Section 2.06, all rights and privileges of such Grantor with respect to the   securities and other property referred to in clauses (i), (ii), (iii) and   (iv) above; and (vi) all Proceeds of any of the foregoing (the items referred   to in clauses (i) through (vi) above being collectively referred to as the   “Pledged Collateral”); provided that the Pledged Collateral shall not include   any Excluded Assets. TO HAVE AND TO HOLD the Pledged Collateral, together   with all right, title, interest, powers, privileges and preferences   pertaining or incidental thereto, unto the Collateral Agent, its successors   and assigns, for the benefit of the Secured Parties, forever, subject,   however, to the terms, covenants and conditions hereinafter set forth.   SECTION 2.02. Delivery of the Pledged Collateral. (a) Each Grantor agrees to   deliver to the Collateral Agent on the Closing Date all Pledged Securities   owned by it on the Closing Date and with respect to any Pledged Securities   issued or acquired after the Closing Date, it agrees to deliver or cause to   be delivered as promptly as practicable (and in any event, within 60 days   after the date of acquisition thereof or such longer period as to which the   Collateral Agent may agree in its reasonable discretion) to the Collateral Agent,   for the benefit of the Secured Parties, any and all such Pledged Securities   (other than any uncertificated securities, but only for so long as such   securities remain uncertificated). (b) The Grantors will cause any   Indebtedness for borrowed money owed to any Grantor by any Person (other than   intercompany Indebtedness between Grantors) having a principal amount in   excess of (i) $25,000,000 individually or (ii) when aggregated with all other   such Indebtedness for which this clause has not been satisfied, $100,000,000   in the aggregate, to be evidenced by a duly executed promissory note that is   pledged and delivered to the Collateral Agent, for the benefit of the Secured   Parties, pursuant to the terms hereof. (c) Upon delivery to the Collateral   Agent, (i) any Pledged Securities shall be accompanied by undated stock or   note powers, as applicable, duly executed in blank or other instruments of   transfer reasonably satisfactory to the Collateral Agent and by such other   instruments and documents as the Collateral Agent may reasonably request and   (ii) all other property comprising part of the Pledged Collateral shall be   accompanied by undated proper instruments of assignment or transfer duly   executed in blank by the applicable Grantor and such other instruments or   documents as the Collateral Agent may reasonably request. F-8 

    

 

SECTION 2.03.   Representations, Warranties and Covenants. The Grantors jointly and severally   represent, warrant and covenant, as to themselves and the other Grantors, to and   with the Collateral Agent, for the benefit of the Secured Parties, that: (a)   Schedule I correctly sets forth, as of the Closing Date, a true and complete   list, with respect to each Grantor, of (i) all the Equity Interests owned by   such Grantor in any Person and the percentage of the issued and outstanding   units of each class of the Equity Interests of the issuer thereof represented   by the Pledged Equity owned by such Grantor and (ii) all the Pledged Debt   owned by such Grantor; (b) the Pledged Equity and Pledged Debt (solely with   respect to Pledged Equity and Pledged Debt issued by a Person other than the   Borrower or a Subsidiary of the Borrower, to the best of such Grantor’s   knowledge) have been duly and validly authorized and issued by the issuers   thereof and (i) in the case of Pledged Equity (solely with respect to Pledged   Equity issued by a Person other than the Borrower or a Subsidiary of the   Borrower, to the best of such Grantor’s knowledge), is fully paid and   nonassessable and (ii) in the case of Pledged Debt (solely with respect to   Pledged Debt issued by a Person other than the Borrower or a Subsidiary of   the Borrower, to the best of such Grantor’s knowledge), is the legal, valid   and binding obligation of each issuer thereof; (c) each of the Grantors (i)   is and, subject to any transfers made in compliance with the Credit   Agreement, will continue to be the direct owner, beneficially and of record,   of the Pledged Securities indicated on Schedule I as owned by such Grantors,   (ii) holds the same free and clear of all Liens, other than (A) Liens created   by the Collateral Documents and (B) Liens expressly permitted pursuant to   Section 7.01 of the Credit Agreement, (iii) will make no assignment, pledge,   hypothecation or transfer of, or create or permit to exist any security   interest in or other Lien on, the Pledged Collateral, other than (A) Liens   created by the Collateral Documents and (B) Liens expressly permitted   pursuant to Section 7.01 of the Credit Agreement, and (iv) if requested by   the Collateral Agent, will use commercially reasonable efforts to defend its   title or interest thereto or therein against any and all Liens (other than   the Liens permitted pursuant to this Section 2.03(c)), however arising, of   all Persons whomsoever; (d) except for restrictions and limitations imposed   by the Loan Documents, the Senior Notes or applicable laws generally and   except as described in the Perfection Certificate, the Pledged Collateral is   and will continue to be freely transferable and assignable, and none of the Pledged   Collateral is or will be subject to any option, right of first refusal,   shareholders agreement, charter or by-law provisions or contractual   restriction of any nature that might prohibit, impair, delay or otherwise   affect in any manner material and adverse to the Secured Parties the pledge   of such Pledged Collateral hereunder, the sale or disposition thereof   pursuant hereto or the exercise by the Collateral Agent of rights and   remedies hereunder; (e) each of the Grantors has the power and authority to pledge   the Pledged Collateral pledged by it hereunder in the manner hereby done or   contemplated; and F-9 

    

 

(f) no consent   or approval of any Governmental Authority, any securities exchange or any   other Person was or is necessary to the validity of the pledge effected   hereby (other than such as have been obtained and are in full force and   effect). Each Grantor hereby agrees that upon the occurrence and during the   continuance of an Event of Default, it will comply with instructions of the   Collateral Agent with respect to the Equity Interests in such Grantor that   constitute Pledged Equity hereunder that are not certificated without further   consent by the applicable owner or holder of such Equity Interests. SECTION   2.04. Certification of Limited Liability Company and Limited Partnership   Interests. Any limited liability company and any limited partnership   controlled by any Grantor shall either (a) not include in its operative   documents any provision that any Equity Interests in such limited liability   company or such limited partnership be a “security” as defined under Article   8 of the Uniform Commercial Code or (b) certificate any Equity Interests in   any such limited liability company or such limited partnership. To the extent   an interest in any limited liability company or limited partnership   controlled by any Grantor and pledged under Section 2.01 is certificated or   becomes certificated, (i) each such certificate shall be delivered to the   Collateral Agent, pursuant to Section 2.02(a) and (ii) such Grantor shall   fulfill all other requirements under Section 2.02 applicable in respect   thereof. Each Grantor hereby agrees that if any of the Pledged Collateral is   at any time not evidenced by certificates of ownership, then each applicable   Grantor shall, to the extent permitted by applicable law, (i) if necessary or   desirable to perfect a security interest in such Pledged Collateral, cause   such pledge to be recorded on the equityholder register or the books of the   issuer, execute any customary pledge forms or other documents necessary or   appropriate to complete the pledge and give the Collateral Agent the right to   transfer such Pledged Collateral under the terms hereof, and (ii) after the   occurrence and during the continuance of any Event of Default, upon request   by the Collateral Agent, (A) cause the Organization Documents of each such   issuer of Equity Interests constituting Pledged Collateral to be amended to   provide that such Pledged Collateral shall be treated as “securities” for   purposes of the Uniform Commercial Code and (B) cause such Pledged Collateral   to become certificated and delivered to the Collateral Agent. SECTION 2.05.   Registration in Nominee Name; Denominations. If an Event of Default shall   occur and be continuing, (a) the Collateral Agent, on behalf of the Secured   Parties, shall have the right (in its sole and absolute discretion) to hold   the Pledged Securities in its own name as pledgee, the name of its nominee   (as pledgee or as sub-agent) or the name of the applicable Grantor, endorsed or   assigned in blank or in favor of the Collateral Agent, and each Grantor will   promptly give to the Collateral Agent copies of any notices or other   communications received by it with respect to Pledged Securities registered   in the name of such Grantor and (b) the Collateral Agent shall have the right   to exchange the certificates representing Pledged Securities for certificates   of smaller or larger denominations for any purpose consistent with this   Agreement; provided, that the Collateral Agent shall give the Borrower prior   notice of its intent to exercise such rights. SECTION 2.06. Voting Rights;   Dividends and Interest. (a) Unless and until an Event of Default shall have   occurred and be continuing and the Collateral Agent shall have notified the   Borrower that the rights of the Grantors under this Section 2.06 are being   suspended: (i) Each Grantor shall be entitled to exercise any and all voting   and/or other consensual rights and powers inuring to an owner of Pledged   Securities or any part thereof for any purpose consistent with the terms of   this Agreement, the Credit Agreement and the other Loan Documents;provided   that such rights and powers shall not be exercised in any manner, except as   may be permitted under this Agreement, the Credit Agreement or the other Loan   Documents, that would materially and adversely affect the rights F-10 

    

 

and remedies of   any of the Collateral Agent or the other Secured Parties under this   Agreement, the Credit Agreement or any other Loan Document or the ability of   the Secured Parties to exercise the same. (ii) So long as no Event of Default   shall have occurred and be continuing and thereafter so long as the Borrower   has not received written notice from the Collateral Agent that the rights of   the Grantors under this Section 2.06 are being suspended and to the extent   required under applicable law, the Collateral Agent shall be deemed without   further action or formality to have granted to each Grantor all necessary   consents relating to voting rights and/or consensual rights and powers it is   entitled to exercise pursuant to subparagraph (i) above and shall, if necessary,   execute and deliver to each Grantor, or cause to be executed and delivered to   each Grantor, all such proxies, powers of attorney and other instruments as   each Grantor may reasonably request for the purpose of enabling such Grantor   to exercise the voting and/or consensual rights and powers it is entitled to   exercise pursuant to subparagraph (i) above. (iii) Each Grantor shall be   entitled to receive and retain any and all dividends, interest, principal and   other distributions paid on or distributed in respect of the Pledged   Securities to the extent and only to the extent that such dividends,   interest, principal and other distributions are permitted by, and otherwise   paid or distributed in accordance with, the terms and conditions of the   Credit Agreement, the other Loan Documents and applicable Laws; provided that   any noncash dividends, interest, principal or other distributions that would   constitute Pledged Equity or Pledged Debt, whether resulting from a   subdivision, combination or reclassification of the outstanding Equity   Interests of the issuer of any Pledged Securities or received in exchange for   Pledged Securities or any part thereof, or in redemption thereof, or as a   result of any merger, consolidation, acquisition or other exchange of assets   to which such issuer may be a party or otherwise, shall be and become part of   the Pledged Collateral, and, if received by any Grantor, shall not be   commingled by such Grantor with any of its other funds or property but shall   be held separate and apart therefrom, shall be held in trust for the benefit   of the Collateral Agent and the Secured Parties and shall be promptly (and in   any event within 30 days) delivered to the Collateral Agent in the same form   as so received (with any necessary endorsement reasonably requested by the   Collateral Agent). (b) Upon the occurrence and during the continuance of an   Event of Default, after the Collateral Agent shall have notified the Borrower   of the suspension of the rights of the Grantors under paragraph (a)(iii) of   this Section 2.06, then all rights of any Grantor to dividends, interest,   principal or other distributions that such Grantor is authorized to receive   pursuant to paragraph (a)(iii) of this Section 2.06 shall cease, and all such   rights shall thereupon become vested in the Collateral Agent, which shall   have the sole and exclusive right and authority to receive and retain such   dividends, interest, principal or other distributions. All dividends,   interest, principal or other distributions received by any Grantor contrary   to the provisions of this Section 2.06 shall be held in trust for the benefit   of the Collateral Agent and the other Secured Parties, shall be segregated   from other property or funds of such Grantor and shall be promptly (and in   any event within 30 days) delivered to the Collateral Agent upon demand in   the same form as so received (with any necessary endorsement reasonably   requested by the Collateral Agent). Any and all money and other property paid   over to or received by the Collateral Agent pursuant to the provisions of   this paragraph (b) shall be retained by the Collateral Agent in an account to   be established by the Collateral Agent upon receipt of such money or other   property and shall be applied in accordance with the provisions of Section   4.02 hereof. After all Events of Default have been cured or waived, the   Collateral Agent shall promptly repay to each Grantor (without interest) all   dividends, interest, principal or other distributions that such Grantor would   otherwise be permitted to retain pursuant to the terms of paragraph (a)(iii)   of this Section 2.06 that remain in such account. (c) Upon the occurrence and   during the continuance of an Event of Default, after the Collateral Agent   shall have provided the Borrower with at least 10 days’ notice of the   suspension of the rights of the Grantors under paragraph (a)(i) of this   Section 2.06, then all rights of any Grantor to exercise the voting and   consensual rights and powers it is entitled to exercise pursuant to paragraph   (a)(i) of this Section 2.06, and the obligations of the Collateral Agent   under paragraph (a)(ii) of this Section 2.06, shall cease, and all such   rights shall thereupon become vested in the Collateral Agent, which shall   have the sole and exclusive right and authority to exercise such voting and   consensual rights and powers; provided that, unless otherwise directed by the   Required Lenders, the Collateral Agent shall have the right from time to time   following and during the continuance of an Event of Default to permit the   Grantors to F-11 

    

 

exercise such   rights at the discretion of the Collateral Agent. After all Events of Default   have been cured or waived, each Grantor shall have the exclusive right to   exercise the voting and/or consensual rights and powers that such Grantor   would otherwise be entitled to exercise pursuant to the terms of paragraph   (a)(i) of this Section 2.06. (d) Any notice given by the Collateral Agent to   the Borrower suspending the rights of the Grantors under paragraph (a) of   this Section 2.06 (i) shall be given in writing, (ii) may be given with   respect to one or more of the Grantors at the same or different times and   (iii) may suspend the rights of the Grantors under paragraph (a)(i) or   paragraph (a)(iii) of this Section 2.06 in part without suspending all such   rights (as specified by the Collateral Agent in its sole and absolute   discretion) and without waiving or otherwise affecting the Collateral Agent’s   rights to give additional notices from time to time suspending other rights   so long as an Event of Default has occurred and is continuing. ARTICLE III   Security Interests in Personal Property SECTION 3.01. Security Interest. (a)   As security for the payment or performance, as the case may be, in full of   the Obligations, including the Guarantees, each Grantor hereby pledges to the   Collateral Agent, for the benefit of the Secured Parties, and hereby grants   to the Collateral Agent, for the benefit of the Secured Parties, a security   interest (the “Security Interest”) in all right, title or interest in or to   any and all of the following assets and properties now owned or at any time   hereafter acquired by such Grantor or in which such Grantor now has or at any   time in the future may acquire any right, title or interest (collectively,   the “Article 9 Collateral”): (i) all Accounts; (ii) all Chattel Paper; (iii)   all Commercial Tort Claims listed on Schedule II hereto; (iv) all Deposit   Accounts; (v) all Documents; (vi) all Equipment; (vii) all Fixtures; (viii)   all General Intangibles and all Intellectual Property; (ix) all Goods; (x)   all Instruments; (xi) all Inventory; (xii) all Investment Property; (xiii)   all Pledged Securities; F-12 

    

 

(xiv) all books   and records pertaining to the Article 9 Collateral; (xv) all Letters of   Credit and Letter-of-Credit Rights; (xvi) all Money; and (xvii) to the extent   not otherwise included, all Proceeds and products of any and all of the   foregoing and all Supporting Obligations, collateral security and guarantees   given by any Person with respect to any of the foregoing; provided that   notwithstanding anything to the contrary in this Agreement, this Agreement   shall not constitute a grant of a security interest in (and the term   “Collateral” shall not include) any Excluded Assets, and, subject to Section   3.03(f)(vi), the Excluded Patents (provided that all Proceeds of the Excluded   Patents are included in the Collateral). (b) Each Grantor hereby irrevocably   authorizes the Collateral Agent for the benefit of the Secured Parties at any   time and from time to time to file in any relevant jurisdiction any financing   statements (including fixture filings) with respect to the Article 9   Collateral or any part thereof and amendments thereto that (i) indicate the   Collateral as “all assets of the Debtor, whether now owned or hereafter   acquired” or words of similar effect as being of an equal or lesser scope or   with greater detail, and (ii) contain the information required by Article 9   of the Uniform Commercial Code or the analogous legislation of each   applicable jurisdiction for the filing of any financing statement or   amendment, including (A) whether such Grantor is an organization, the type of   organization and, if required, any organizational identification number   issued to such Grantor and (B) in the case of a financing statement filed as   a fixture filing, a sufficient description of the real property to which such   Article 9 Collateral relates. Each Grantor agrees to provide such information   to the Collateral Agent promptly upon any reasonable request. (c) The   Security Interest is granted as security only and shall not subject the   Collateral Agent or any other Secured Party to, or in any way alter or   modify, any obligation or liability of any Grantor with respect to or arising   out of the Article 9 Collateral. (d) The Collateral Agent is authorized to   file with the USPTO or the USCO (or any successor office) such documents as   may be necessary or advisable for the purpose of perfecting, confirming,   continuing, enforcing or protecting the Security Interest in United States   Intellectual Property granted by each Grantor, without the signature of any   Grantor, and naming any Grantor or the Grantor as debtors and the Collateral   Agent as secured party. (e) Notwithstanding anything to the contrary in the   Loan Documents, none of the Grantors shall be required (i) to perfect the   Security Interests granted by this Security Agreement (including Security   Interests in Investment Property and Fixtures) by any means other than by (A)   filings pursuant to the Uniform Commercial Code of the relevant State(s)   (excluding fixture filings in respect of anything other than Real Property   required to be subject to a Mortgage pursuant to the Loan Documents), (B)   filings in United States government offices with respect to Intellectual   Property as expressly required elsewhere herein, (C) delivery to the   Collateral Agent to be held in its possession of all Collateral consisting of   Instruments or Pledged Securities as expressly required elsewhere herein   or(D) other methods expressly provided herein, (ii) to enter into any deposit   account control agreement or securities account control agreement with   respect to any deposit account or securities account, (iii) to take any   action (other than the actions listed in clause (i)(A), and (C) above) with   respect to any assets located outside of the United States or (iv) to perfect   in any assets subject to a certificate of title statute. SECTION 3.02.   Representations and Warranties. The Grantors jointly and severally represent,   warrant and covenant, as to themselves and the other Grantors, to and with   the Collateral Agent, for the benefit of the Secured Parties, that: F-13 

    

 

(a) Subject to   Liens permitted by Section 7.01 of the Credit Agreement, each Grantor has   good and valid rights in and title to the Article 9 Collateral with respect   to which it has purported to grant a Security Interest hereunder. (b) The   Uniform Commercial Code financing statements (including fixture filings   solely in respect of Real Property required to be subject to a Mortgage   pursuant to the Loan Documents, as applicable) or other appropriate filings,   recordings or registrations prepared by the Collateral Agent based upon the   information provided to the Collateral Agent in the Perfection Certificate   for filing in each governmental, municipal or other office specified in   Schedule 5 to the Perfection Certificate (or specified by notice from the   Borrower to the Collateral Agent after the Closing Date in the case of   filings, recordings or registrations (other than filings required to be made   in the USPTO and the USCO in order to perfect the Security Interest in   Article 9 Collateral consisting of United States Patents, Trademarks and   Copyrights) required by the Credit Agreement), are all the filings,   recordings and registrations that are necessary to establish a legal, valid   and perfected security interest in favor of the Collateral Agent (for the   benefit of the Secured Parties) in respect of all Article 9 Collateral in   which the Security Interest may be perfected by filing, recording or   registration in the United States (or any political subdivision thereof) and   its territories and possessions, and no further or subsequent filing,   refiling, recording, rerecording, registration or reregistration is necessary   in any such jurisdiction, except as provided under applicable law with   respect to the filing of continuation statements and as required to be made   in the USPTO and USCO in order to perfect the Security Interest in Article 9   Collateral consisting of Patents, Trademarks and Copyrights acquired or developed   by the Grantors after the date hereof. (c) Each Grantor represents and   warrants that short-form Intellectual Property Security Agreements containing   a description of all Article 9 Collateral consisting of United States Patents   (except the Excluded Patents), United States registered Trademarks (and   Trademarks for which United States registration applications are pending,   unless it constitutes an Excluded Asset) and United States registered   Copyrights, respectively, have been or on the Closing Date shall be delivered   to the Collateral Agent for recording by the USPTO and the USCO pursuant to   35 U.S.C. § 261, 15 U.S.C. § 1060 or 17 U.S.C. § 205 and the regulations   thereunder, as applicable, as may be necessary to establish a valid and   perfected security interest in favor of the Collateral Agent (for the benefit   of the Secured Parties) in respect of all Article 9 Collateral consisting of   registrations and applications for Patents (except the Excluded Patents),   Trademarks (except pending Trademark applications that constitute Excluded   Assets) and Copyrights to the extent a security interest may be perfected by   filing, recording or registration in the USPTO or the USCO, and no further or   subsequent filing, refiling, recording, rerecording, registration or reregistration   is necessary (other than (i) such filings and actions as are necessary to   perfect the Security Interest with respect to any Article 9 Collateral   consisting of Patents, Trademarks and Copyrights (or registration or   application for registration thereof) acquired or developed by any Grantor   after the date hereof, and, in accordance with Section 3.03(f)(vi), the   Excluded Patents (if any), and (ii) the UCC financing and continuation   statements contemplated in Section 3.02(b)). (d) (i) When all appropriate   filings, recordings, registrations or notifications are made as may be   required under applicable Law to perfect the Security Interest and (ii) upon   the taking of possession or control by the Collateral Agent of such Article 9   Collateral with respect to which a security interest may be perfected only by   possession or control (which possession or control shall be given to the   Collateral Agent to the extent required by this Agreement or the   Intercreditor Agreement, if then in effect), the Security Interest shall be   prior to any other Lien on any of the Article 9 Collateral, other than (1)   any nonconsensual Lien that is expressly permitted pursuant to Section 7.01   of the Credit Agreement and has priority as a matter of law and (2) Liens   expressly permitted pursuant to Section 7.01 of the Credit Agreement. (e) The   Article 9 Collateral is owned by the Grantors free and clear of any Lien,   except for Liens expressly permitted pursuant to Section 7.01 of the Credit   Agreement. None of the Grantors has filed or consented to the filing of (i)   any financing statement or analogous document under the New York UCC or any   other applicable United States laws covering any Article 9 Collateral, (ii)   any assignment in which any F-14 

    

 

Grantor assigns   any Article 9 Collateral or any security agreement or similar instrument   covering any Article 9 Collateral with the USPTO or the USCO or (iii) any   assignment in which any Grantor assigns any Article 9 Collateral or any   security agreement or similar instrument covering any Article 9 Collateral   with any foreign governmental, municipal or other office, which financing   statement or analogous document, assignment, security agreement or similar   instrument is still in effect, except, in each case, for Liens expressly   permitted pursuant to Section 7.01 of the Credit Agreement. SECTION 3.03.   Covenants. (a) The Borrower agrees promptly (and in any event within 60 days   after such change) to notify the Collateral Agent in writing of any change in   (i) legal name of any Grantor, (ii) the type of organization of any Grantor,   (iii) the jurisdiction of organization of any Grantor, or (iv) the chief   executive office of any Grantor and, upon request by the Collateral Agent,   take all actions necessary to continue the perfection of the security   interest created hereunder following any such change with the same priority   as immediately prior to such change. The Borrower agrees promptly to provide   the Collateral Agent after notification of any such change with certified   Organization Documents reflecting any of the changes described in the first   sentence of this paragraph. (b) Each year, at the time of delivery of annual   financial statements with respect to the preceding fiscal year pursuant to   Section 6.01 of the Credit Agreement, the Borrower shall deliver a Perfection   Certificate Supplement in accordance with Section 6.02(c) of the Credit   Agreement. (c) Each Grantor agrees, at its own expense, to execute,   acknowledge, deliver and cause to be duly filed all such further instruments   and documents and take all such actions as the Collateral Agent may from time   to time reasonably request to better assure, preserve, protect and perfect   the Security Interest and the rights and remedies created hereby, including   the payment of any fees and taxes required in connection with the execution   and delivery of this Agreement, the granting of the Security Interest and the   filing of any financing statements (including fixture filings) or other   documents in connection herewith or therewith. (d) At its option, the   Collateral Agent may discharge past due taxes, assessments, charges, fees,   Liens, security interests or other encumbrances at any time levied or placed   on the Article 9 Collateral and not permitted pursuant to Section 7.01 of the   Credit Agreement, and may pay for the maintenance and preservation of the   Article 9 Collateral to the extent any Grantor fails to do so as required by   the Credit Agreement, this Agreement or any other Loan Document and within a   reasonable period of time after the Collateral Agent has requested that it do   so, and each Grantor jointly and severally agrees to reimburse the Collateral   Agent within 10 Business Days after demand for any payment made or any   reasonable expense incurred by the Collateral Agent pursuant to the foregoing   authorization in accordance with Section 5.03; provided, however, Grantors   shall not be obligated to reimburse the Collateral Agent with respect to any   Intellectual Property Collateral which any Grantor has failed to maintain or   pursue, or otherwise allowed to lapse, terminate or be put into the public   domain, in accordance with Section 3.03(f)(iv). Nothing in this paragraph   shall be interpreted as excusing any Grantor from the performance of, or   imposing any obligation on the Collateral Agent or any Secured Party to cure   or perform, any covenants or other promises of any Grantor with respect to   taxes, assessments, charges, fees, Liens, security interests or other   encumbrances and maintenance as set forth herein or in the other Loan Documents.   (e) Commercial Tort Claims. If the Grantors shall at any time hold or acquire   a Commercial Tort Claim in an amount reasonably estimated by such Grantor to   exceed (i) $10,000,000 individually or (ii) when aggregated with all other   Commercial Tort Claims for which this clause has not been satisfied,   $50,000,000 in the aggregate, and, in each case, and for which a complaint in   a court of competent jurisdiction has been filed, such Grantor shall within   60 days after the end of the fiscal quarter in which such complaint was filed   (or such longer period as the Collateral Agent may agree in its reasonable   discretion) notify the Collateral Agent thereof in a writing signed by such   Grantor including a brief summary description of such claim and grant to the   Collateral Agent, for the benefit of the Secured Parties, in such writing a   security interest therein and in the proceeds thereof, all upon the terms of   this Agreement, with such writing to be in form and substance reasonably   satisfactory to the Collateral Agent. 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(f)   Intellectual Property Covenants. (i) Other than to the extent permitted   herein or in the Credit Agreement or with respect to registrations and   applications no longer used or useful, and except to the extent failure to   act would not, as deemed by the Borrower in its reasonable business judgment,   reasonably be expected to have a Material Adverse Effect, with respect to   registration or pending application of each item of its Intellectual Property   included in the Article 9 Collateral for which such Grantor has standing to   do so, each Grantor agrees to take, at its expense, all reasonable steps,   including, without limitation, in the USPTO, the USCO and any other   governmental authority located in the United States, to pursue the   registration and maintenance of each Patent, Trademark, or Copyright   registration or application, now or hereafter included in such Article 9   Collateral of such Grantor. (ii) Other than to the extent permitted herein or   in the Credit Agreement, or with respect to registrations and applications no   longer used or useful, or except as would not, as deemed by the Borrower in   its reasonable business judgment, reasonably be expected to have a Material   Adverse Effect, no Grantor shall do or permit any act or knowingly omit to do   any act whereby any of its Intellectual Property included in the Article 9   Collateral may lapse, be terminated, or become invalid or unenforceable or   placed in the public domain (or in the case of a trade secret, becomes   publicly known). (iii) Other than as excluded or as permitted herein or in   the Credit Agreement, or with respect to Patents, Copyrights or Trademarks   which are no longer used or useful in the Grantor’s business operations or   except where failure to do so would not, as deemed by the Borrower in its   reasonable business judgment, reasonably be expected to have a Material   Adverse Effect, each Grantor shall take all reasonable steps to preserve and   protect each item of its Intellectual Property included in the Article 9 Collateral,   including, without limitation, maintaining the quality of any and all   products or services used or provided in connection with any of the   Trademarks, consistent with the quality of the products and services as of   the date hereof, and taking all reasonable steps necessary to ensure that all   licensed users of any of the Trademarks abide by the applicable license’s   terms with respect to standards of quality. (iv) Notwithstanding clauses (i)   through (iii) above, nothing in this Agreement or any other Loan Document   prevents any Grantor from Disposing of, discontinuing the use or maintenance   of, failing to pursue, or otherwise allowing to lapse, terminate or be put   into the public domain, any of its Intellectual Property included in the   Article 9 Collateral to the extent permitted by the Credit Agreement if such   Grantor determines in its reasonable business judgment that any of the   foregoing actions is desirable in the conduct of its business. (v) Within 60   calendar days after the end of each calendar quarter each Grantor shall   provide a list of any additional applications for or registrations of   Intellectual Property of such Grantor not previously disclosed to the   Collateral Agent including such information as is necessary for such Grantor   to make appropriate filings in the USPTO and the USCO with respect to   Intellectual Property included in the Article 9 Collateral and deliver to the   Collateral Agent at such time the short-form security agreement with respect   to such Patents, Trademarks or Copyrights in appropriate form for filing with   the USPTO or USCO, as applicable and file such agreements with the USPTO or   USCO, as applicable. (vi) Notwithstanding that the Excluded Patents are not   initially pledged as Collateral pursuant to Section 3.01(a): in the event that   the applicable Grantor does not enter into one or more definitive agreements   with a third party for the Disposition of such Excluded Patents by the later   of January 31, 2014 or the 90th calendar day after the Closing Date (the   "Disposition Period"), then the applicable Grantor’s entire right,   title and interest in and to the Excluded Patents that are not subject to any   such definitive agreement shall automatically become part of the Intellectual   Property included in the Collateral; provided that, if the Disposition is by   means of a transaction other than a sale and assignment, then the following   additional requirements shall apply: (i) the Grantor's residual interest in   the Disposed Excluded Patents shall automatically become part of the   Collateral, (ii) any and all consideration that is received by Grantors by   virtue of such transaction shall be included in the Collateral (whether or   not it technically qualifies as "Proceeds"), and (iii) the Grantor   shall not grant a Lien in such Excluded Patents to the other party to the   transaction, other than as permitted under the Credit Agreement. The   Collateral Agent shall F-16 

    

 

have the   ability to extend the Disposition Period in its reasonable discretion. On or   before the last day of the Disposition Period, the applicable Grantor(s)   shall execute and deliver to the Collateral Agent an appropriate supplemental   Intellectual Property Security Agreement covering the Excluded Patents that   have not been Disposed (or, with respect to Excluded Patents that were   Disposed by means of a transaction other than a sale and assignment, covering   the Grantor's remaining rights in such Excluded Patents). Grantors shall   promptly file such supplemental Intellectual Property Security Agreement with   the USPTO. In the event that the applicable Grantor enters into any   definitive agreements for the Disposition of the Excluded Patents during the   Disposition Period, such Grantor shall promptly provide to the Collateral   Agent access to executed copies of such definitive agreements (including all   ancillary documents, exhibits and schedules thereto;provided that such   agreements may be redacted reasonably to protect the other parties'   confidential information). Notwithstanding anything to the contrary herein,   the covenants of the Grantors under Sections 3.03(f)(i) to (iv), and (g)   shall apply to the Excluded Patents until a Disposition thereof is   consummated. (g) Each Grantor shall, upon request of the Collateral Agent, at   its own expense, take any and all commercially reasonable actions necessary   to defend title to the Article 9 Collateral against all Persons and to defend   the Security Interest of the Collateral Agent in the Article 9 Collateral and   the priority thereof against any Lien not expressly permitted pursuant to   Section 7.01 of the Credit Agreement. Each Grantor (rather than the   Collateral Agent or any Secured Party) shall remain liable (as between itself   and any relevant counterparty) to observe and perform all the conditions and   obligations to be observed and performed by it under each contract, agreement   or instrument relating to the Article 9 Collateral, all in accordance with   the terms and conditions thereof, and each Grantor jointly and severally   agrees to indemnify and hold harmless the Collateral Agent and the Secured   Parties from and against any and all liability for such performance. (h)   Dormant Subsidiaries. Each Grantor that holds any Equity Interests in Vivendi   Games Asia Pte Ltd. hereby covenants and agrees that it will use its   commercially reasonable efforts to cause the dissolution of Vivendi Games   Asia Pte Ltd. by January 31, 2014; provided that, if Vivendi Games Asia Pte   Ltd. is not dissolved by January 31, 2014, then Schedule I shall be   automatically supplemented to include such Grantor’s Equity Interests in   Vivendi Games Asia Pte Ltd. as Pledged Equity, and such Grantor shall   promptly deliver to the Collateral Agent any certificates evidencing its   Equity Interest in Vivendi Games Asia Pte Ltd. in accordance with Section   2.02(c). The Collateral Agent shall have the ability to extend any periods of   time referred to in the previous sentence in its reasonable sole discretion.   Whether any Grantor has used commercially reasonable efforts will be   determined solely by the applicable Grantor (not the Collateral Agent) and   shall be set forth in an Officers’ Certificate delivered to the Collateral   Agent, upon which the Collateral Agent may conclusively rely. SECTION 3.04.   Instruments. If the Grantors shall at any time hold or acquire any   Instruments constituting Article 9 Collateral (excluding checks), and   evidencing an amount in excess of (i) $20,000,000 individually or (ii) when   aggregated with all other such Instruments for which this clause has not been   satisfied $75,000,000 in the aggregate, such Grantor shall promptly (and in   any event, within 60 days after the date of acquisition thereof or such   longer period as to which the Collateral Agent may agree in its reasonable   discretion) endorse, assign and deliver the same to the Collateral Agent for   the benefit of the Secured Parties, accompanied by such instruments of   transfer or assignment duly executed in blank as the Collateral Agent may   from time to time reasonably request. ARTICLE IV Remedies SECTION 4.01.   Remedies upon Default. Upon the occurrence and during the continuance of an   Event of Default, it is agreed that the Collateral Agent shall have the right   to exercise any and all rights afforded to a secured party with respect to   the Obligations under the Uniform Commercial Code or F-17 

    

 

other   applicable law and also may (i) require each Grantor to, and each Grantor   agrees that it will at its expense and upon request of the Collateral Agent   promptly, assemble all or part of the Collateral as directed by the   Collateral Agent and make it available to the Collateral Agent at a place and   time to be designated by the Collateral Agent that is reasonably convenient   to both parties; (ii) occupy any premises owned or, to the extent lawful and   permitted, leased by any of the Grantors where the Collateral or any part   thereof is assembled or located for a reasonable period in order to   effectuate its rights and remedies hereunder or under law, without obligation   to such Grantor in respect of such occupation;provided that the Collateral   Agent shall provide the applicable Grantor with notice thereof prior to such   occupancy; (iii) require each Grantor to, and each Grantor agrees that it   will at its expense and upon the request of the Collateral Agent promptly,   assign the entire right, title, and interest of such Grantor in each of the   Patents, Trademarks, domain names and Copyrights to the Collateral Agent for   the benefit of the Secured Parties; (iv) exercise any and all rights and   remedies of any of the Grantors under or in connection with the Collateral,   or otherwise in respect of the Collateral;provided that the Collateral Agent   shall provide the applicable Grantor with notice thereof prior to such   exercise; and (v) subject to the mandatory requirements of applicable law and   the notice requirements described below, sell or otherwise dispose of all or   any part of the Collateral securing the Obligations at a public or private   sale or at any broker’s board or on any securities exchange, for cash, upon   credit or for future delivery as the Collateral Agent shall deem appropriate.   The Collateral Agent shall be authorized at any such sale of securities (if   it deems it advisable to do so) to restrict the prospective bidders or   purchasers to Persons who will represent and agree that they are purchasing   the Collateral for their own account for investment and not with a view to   the distribution or sale thereof, and upon consummation of any such sale the   Collateral Agent shall have the right to assign, transfer and deliver to the   purchaser or purchasers thereof the Collateral so sold. Each such purchaser   at any sale of Collateral shall hold the property sold absolutely, free from   any claim or right on the part of any Grantor, and each Grantor hereby waives   (to the extent permitted by law) all rights of redemption, stay and appraisal   which such Grantor now has or may at any time in the future have under any   rule of law or statute now existing or hereafter enacted. The Collateral   Agent shall give the applicable Grantors 10 days’ written notice (which each   Grantor agrees is reasonable notice within the meaning of Section 9-611 of   the New York UCC or its equivalent in other jurisdictions) of the Collateral   Agent’s intention to make any sale of Collateral. Such notice, in the case of   a public sale, shall state the time and place for such sale and, in the case   of a sale at a broker’s board or on a securities exchange, shall state the   board or exchange at which such sale is to be made and the day on which the   Collateral, or a portion thereof, will first be offered for sale at such board   or exchange. Any such public sale shall be held at such time or times within   ordinary business hours and at such place or places as the Collateral Agent   may fix and state in the notice (if any) of such sale. At any such sale, the   Collateral, or a portion thereof, to be sold may be sold in one lot as an   entirety or in separate parcels, as the Collateral Agent may (in its sole and   absolute discretion) determine. The Collateral Agent shall not be obligated   to make any sale of any Collateral if it shall determine not to do so,   regardless of the fact that notice of sale of such Collateral shall have been   given. The Collateral Agent may, without notice or publication, adjourn any   public or private sale or cause the same to be adjourned from time to time by   announcement at the time and place fixed for sale, and such sale may, without   further notice, be made at the time and place to which the same was so   adjourned. In case any sale of all or any part of the Collateral is made on   credit or for future delivery, the Collateral so sold may be retained by the   Collateral Agent until the sale price is paid by the purchaser or purchasers   thereof, but the Collateral Agent shall not incur any liability in case any   such purchaser or purchasers shall fail to take up and pay for the Collateral   so sold and, in case of any such failure, such Collateral may be sold again   upon like notice. At any public (or, to the extent permitted by law, private)   sale made pursuant to this Agreement, any Secured Party may bid for or   purchase, free (to the extent permitted by law) from any right of redemption,   stay, valuation or appraisal on the part of any Grantor (all said rights   being also hereby waived and released to the extent permitted by law), the   Collateral or any part thereof offered for sale and may make payment on   account F-18 

    

 

thereof by   using any claim then due and payable to such Secured Party from any Grantor   as a credit against the purchase price, and such Secured Party may, upon   compliance with the terms of sale, hold, retain and dispose of such property   without further accountability to any Grantor therefor. For purposes hereof,   a written agreement to purchase the Collateral or any portion thereof shall   be treated as a sale thereof; the Collateral Agent shall be free to carry out   such sale pursuant to such agreement and no Grantor shall be entitled to the   return of the Collateral or any portion thereof subject thereto,   notwithstanding the fact that after the Collateral Agent shall have entered   into such an agreement all Events of Default shall have been remedied and the   Obligations paid in full. As an alternative to exercising the power of sale   herein conferred upon it, the Collateral Agent may proceed by a suit or suits   at law or in equity to foreclose this Agreement and to sell the Collateral or   any portion thereof pursuant to a judgment or decree of a court or courts   having competent jurisdiction or pursuant to a proceeding by a court   appointed receiver. Any sale pursuant to the provisions of this Section 4.01 shall   be deemed to conform to the commercially reasonable standards as provided in   Section 9-610(b) of the New York UCC or its equivalent in other   jurisdictions. SECTION 4.02. Application of Proceeds. (a) Subject to the   Intercreditor Agreement, the Collateral Agent shall apply the proceeds of any   collection or sale of Collateral, including any Collateral consisting of   cash, in the order provided for in the Credit Agreement. (b) The Collateral   Agent shall have absolute discretion as to the time of application of any   such proceeds, monies or balances in accordance with this Agreement and the   Credit Agreement. Upon any sale of Collateral by the Collateral Agent   (including pursuant to a power of sale granted by statute or under a judicial   proceeding), the receipt of the Collateral Agent or of the officer making the   sale shall be a sufficient discharge to the purchaser or purchasers of the   Collateral so sold and such purchaser or purchasers shall not be obligated to   see to the application of any part of the purchase money paid over to the   Collateral Agent or such officer or be answerable in any way for the   misapplication thereof. (c) In making the determinations and allocations   required by this Section 4.02, the Collateral Agent may conclusively rely   upon information supplied to or by the Collateral Agent as to the amounts of   unpaid principal and interest and other amounts outstanding with respect to   the Obligations, and the Collateral Agent shall have no liability to any of   the Secured Parties for actions taken in reliance on such   information,provided that nothing in this sentence shall prevent any Grantor   from contesting any amounts claimed by any Secured Party in any information   so supplied. All distributions made by the Collateral Agent pursuant to this   Section 4.02 shall be (subject to any decree of any court of competent   jurisdiction) final (absent manifest error), and the Collateral Agent shall   have no duty to inquire as to the application by the Collateral Agent of any   amounts distributed to it. SECTION 4.03. Grant of License to Use Intellectual   Property; Power of Attorney. For the exclusive purpose of enabling the   Collateral Agent to exercise rights and remedies under this Agreement at such   time as the Collateral Agent shall be lawfully entitled to exercise such   rights and remedies at any time after and during the continuance of an Event   of Default, each Grantor hereby grants to the Collateral Agent a   non-exclusive, royalty-free, limited license (until the termination or cure   of the Event of Default) to use, license or, to the extent permitted under   the terms of the relevant license, sublicense any of the Intellectual   Property included in the Article 9 Collateral now owned or hereafter acquired   by such Grantor, and including in such license reasonable access to all media   in which any of the licensed items may be recorded or stored and to all   computer software and programs used for the compilation or printout thereof;   provided, however, that all of the foregoing rights of the Collateral Agent   to operate such license, sublicense and other rights, shall expire   immediately upon the termination or cure of all Events of Default and shall   be exercised by the Collateral Agent solely during the continuance of an   Event of Default and upon 10 Business Days’ prior written notice to the   Borrower, and nothing in this Section 4.03 shall require Grantors to grant   any license that is prohibited by any rule of law, statute or regulation, or   is F-19 

    

 

prohibited by,   or constitutes a breach or default under or results in the termination of any   contract, license, agreement, instrument or other document evidencing, giving   rise to or theretofore granted, tothe extent permitted by the Credit   Agreement, with respect to such property or otherwise unreasonably prejudices   the value thereof to the relevant Grantor;provided, further, that such   licenses granted hereunder with respect to Trademarks shall be subject to the   maintenance of quality standards with respect to the goods and services on   which such Trademarks are used sufficient to preserve the validity of such   Trademarks. Furthermore, each Grantor hereby grants to the Collateral Agent   an absolute power of attorney to sign, subject only to the giving of 10 days’   notice to the Grantor, upon the occurrence and during the continuance of any   Event of Default, any document which may be required by the USPTO or the USCO   in order to effect an absolute assignment of all right, title and interest in   each registration and application for a Patent, Trademark or Copyright, and   to record the same. ARTICLE V Miscellaneous SECTION 5.01. Notices. All   communications and notices hereunder shall (except as otherwise expressly   permitted herein) be in writing and given as provided in Section 10.02 of the   Credit Agreement (whether or not then in effect). All communications and   notices hereunder to any Grantor other than the Borrower shall be given to it   in care of the Borrower as provided in Section 10.02 of the Credit Agreement   (whether or not then in effect). SECTION 5.02. Waivers; Amendment. (a) No   failure or delay by the Collateral Agent, any L/C Issuer or any Lender in   exercising any right or power hereunder or under any other Loan Document   shall operate as a waiver thereof, nor shall any single or partial exercise   of any such right or power, or any abandonment or discontinuance of steps to   enforce such a right or power, preclude any other or further exercise thereof   or the exercise of any other right or power. The rights and remedies of the   Collateral Agent, the L/C Issuers and the Lenders hereunder and under the   other Loan Documents are cumulative and are not exclusive of any rights or   remedies that they would otherwise have. No waiver of any provision of this   Agreement or consent to any departure by any Grantor therefrom shall in any   event be effective unless the same shall be permitted by paragraph (b) of   this Section 5.02, and then such waiver or consent shall be effective only in   the specific instance and for the purpose for which given. Without limiting   the generality of the foregoing, the making of a Loan or issuance of a Letter   of Credit shall not be construed as a waiver of any Default, regardless of   whether the Collateral Agent, any Lender or any L/C Issuer may have had notice   or knowledge of such Default at the time. No notice or demand on any Grantor   in any case shall entitle any Grantor to any other or further notice or   demand in similar or other circumstances. (b) Neither this Agreement nor any   provision hereof may be waived, amended or modified except pursuant to an   agreement or agreements in writing entered into by the Collateral Agent and   the Grantor or Grantors with respect to which such waiver, amendment or   modification is to apply, subject to any consent required in accordance with   Section 10.01 of the Credit Agreement. SECTION 5.03. Collateral Agent’s Fees   and Expenses. (a) The parties hereto agree that the Collateral Agent shall be   entitled to reimbursement of its expenses incurred hereunder and indemnity   for its actions in connection herewith as provided in Sections 10.04 and   10.05 of the Credit Agreement (whether or not then in effect); provided that   each reference therein to “Company” or the “Borrower” shall be deemed to be a   reference to “each Grantor” and each reference therein to “Administrative   Agent” shall be deemed to be a reference to “Collateral Agent”. F-20 

    

 

(b) Any such   amounts payable as provided hereunder shall be additional Obligations secured   hereby and by the other Collateral Documents. The provisions of this Section   5.03 shall remain operative and in full force and effect regardless of the   termination of this Agreement or any other Loan Document, the consummation of   the transactions contemplated hereby, the repayment of any of the   Obligations, the invalidity or unenforceability of any term or provision of   this Agreement or any other Loan Document, or any investigation made by or on   behalf of the Collateral Agent or any other Secured Party. All amounts due   under this Section 5.03 shall be payable promptly upon written demand   therefor. SECTION 5.04. Successors and Assigns. Whenever in this Agreement   any of the parties hereto is referred to, such reference shall be deemed to   include the permitted successors and assigns of such party; and all   covenants, promises and agreements by or on behalf of any Grantor or the   Collateral Agent that are contained in this Agreement shall bind and inure to   the benefit of their respective successors and assigns, to the extent   permitted under Section 10.06 of the Credit Agreement. SECTION 5.05. Survival   of Agreement. All covenants, agreements, representations and warranties made   by the Grantors in the Loan Documents and in the certificates or other   instruments prepared or delivered in connection with or pursuant to this   Agreement or any other Loan Document shall be considered to have been relied   upon by the Lenders and shall survive the execution and delivery of the Loan   Documents and the making of any Loans and issuance of any Letters of Credit,   regardless of any investigation made by any Lender or on its behalf, and   shall continue in full force and effect until the termination of the   Aggregate Commitments and payment in full of all Obligations (other than (A)   contingent indemnification obligations and (B) obligations and liabilities   under Treasury Services Agreements and Secured Hedge Agreements as to which   arrangements satisfactory to the applicable Hedge Bank shall have been made)   and the expiration or termination of all Letters of Credit (other than Letters   of Credit as to which other arrangements satisfactory to the Administrative   Agent and the L/C Issuer shall have been made). SECTION 5.06. Counterparts;   Effectiveness; Successors and Assigns; Several Agreement This Agreement and   each other Loan Document may be executed in one or more counterparts, each of   which shall be deemed an original, but all of which together shall constitute   one and the same instrument. Delivery by facsimile or other electronic   communication of an executed counterpart of a signature page to this   Agreement and each other Loan Document shall be effective as delivery of an   original executed counterpart of this Agreement and such other Loan Document.   The Collateral Agent may also require that any such documents and signatures   delivered by facsimile or other electronic communication be confirmed by a   manually signed original thereof; provided that the failure to request or   deliver the same shall not limit the effectiveness of any document or   signature delivered by facsimile or other electronic communication. This   Agreement shall become effective as to any Grantor when a counterpart hereof   executed on behalf of such Grantor shall have been delivered to the   Collateral Agent and a counterpart hereof shall have been executed on behalf   of the Collateral Agent, and thereafter shall be binding upon such Grantor   and the Collateral Agent and their respective successors and assigns   permitted thereby, and shall inure to the benefit of such Grantor, the   Collateral Agent and the other Secured Parties and their respective   successors and assigns permitted thereby, except that no Grantor shall have   the right to assign or transfer its rights or obligations hereunder or any   interest herein or in the Collateral (and any such assignment or transfer   shall be void) except as expressly contemplated by this Agreement or the   other Loan Documents. This Agreement shall be construed as a separate   agreement with respect to each Grantor and may be amended, modified,   supplemented, waived or released with respect to any Grantor without the   approval of any other Grantor and without affecting the obligations of any   other Grantor hereunder. SECTION 5.07. Severability. If any provision of this   Agreement or the other Loan Documents is held to be illegal, invalid or   unenforceable, the legality, validity and enforceability of the remaining   provisions of this Agreement and the other Loan Documents shall not be   affected or impaired F-21 

    

 

thereby. The   invalidity of a provision in a particular jurisdiction shall not invalidate   or render unenforceable such provision in any other jurisdiction. The parties   shall endeavor in good faith negotiations to replace the invalid, illegal or   unenforceable provisions with valid provisions the economic effect of which   comes as close as possible to that of the invalid, illegal or unenforceable   provisions. SECTION 5.08. Right of Set-Off. In addition to any rights and   remedies of the Lenders provided by Law, upon the occurrence and during the   continuance of any Event of Default, each Lender and its Affiliates and each   L/C Issuer and its Affiliates shall have the rights specified in Section   10.08 of the Credit Agreement. SECTION 5.09. Governing Law; Jurisdiction;   Venue; Waiver of Jury Trial; Consent to Service of Process. (a) The terms of   Sections 10.15 and 10.16 of the Credit Agreement with respect to governing   law, submission of jurisdiction, venue and waiver of jury trial are   incorporated herein by reference,mutatis mutandis, and the parties hereto   agree to such terms. (b) Each party to this Agreement irrevocably consents to   service of process in the manner provided for notices in Section 5.01.   Nothing in this Agreement will affect the right of any party to this   Agreement to serve process in any other manner permitted by law. SECTION   5.10. Headings. Article and Section headings and the Table of Contents used   herein are for convenience of reference only, are not part of this Agreement   and are not to affect the construction of, or to be taken into consideration   in interpreting, this Agreement. SECTION 5.11. Security Interest Absolute. To   the extent permitted by applicable law, all rights of the Collateral Agent   hereunder, the Security Interest, the grant of a security interest in the   Collateral and all obligations of each Grantor hereunder shall be absolute   and unconditional irrespective of (a) any lack of validity or enforceability   of the Credit Agreement, any other Loan Document, any agreement with respect   to any of the Obligations or any other agreement or instrument relating to any   of the foregoing, (b) any change in the time, manner or place of payment of,   or in any other term of, all or any of the Obligations, or any other   amendment or waiver of or any consent to any departure from the Credit   Agreement, any other Loan Document or any other agreement or instrument, (c)   any exchange, release or non-perfection of any Lien on other collateral, or   any release or amendment or waiver of or consent under or departure from any   guarantee, securing or guaranteeing all or any of the Obligations or (d) any   other circumstance that might otherwise constitute a defense available to, or   a discharge of, any Grantor in respect of the Obligations or this Agreement.   SECTION 5.12. Intercreditor Agreement Governs. Notwithstanding anything   herein to the contrary, (i) the liens and security interests granted to the   Collateral Agent pursuant to this Agreement are expressly subject to the   Intercreditor Agreement, if then in effect and (ii) the exercise of any right   or remedy by the Collateral Agent hereunder is subject to the limitations and   provisions of the Intercreditor Agreement, if then in effect. In the event of   any conflict between the terms of the Intercreditor Agreement, if then in   effect, and the terms of this Agreement, the terms of the Intercreditor Agreement   if then in effect shall govern. SECTION 5.13. Termination or Release. (a)   This Agreement, the Security Interest and all other security interests   granted hereby shall automatically terminate with respect to all Obligations   upon termination of the Aggregate Commitments and payment in full of all   Obligations (other than (i) contingent indemnification obligations and (ii)   obligations and liabilities under Treasury Services Agreements and Secured   Hedge Agreements as to which arrangements reasonably satisfactory to the   applicable Hedge Bank shall have been made) and the expiration or termination   of all Letters of Credit (other than Letters of Credit as to which other   arrangements reasonably satisfactory to the Administrative Agent and the L/C   Issuer shall have been made). F-22 

    

 

(b) A Grantor   (other than the Borrower) shall automatically be released from its   obligations hereunder as provided in Section 9.09 of the Credit Agreement;   provided that the Lenders shall have consented to such transaction (to the   extent required by the Credit Agreement) and the terms of such consent did   not provide otherwise. (c) Upon any sale or other transfer by any Grantor of   any Collateral that is permitted under the Credit Agreement (other than a   sale or transfer to another Grantor), or upon the effectiveness of any   written consent to the release of the security interest granted hereby in any   Collateral pursuant to Section 9.09 or 10.01 of the Credit Agreement, the   security interest of such Grantor in such Collateral shall be automatically   released and the license granted in Section 4.03 shall be automatically   terminated with respect to such Collateral. (d) In connection with any   termination or release pursuant to paragraph (a), (b) or (c) of this Section   5.13, the Collateral Agent shall execute and deliver to any Grantor, at such   Grantor’s expense, all documents and take all such further actions that such   Grantor shall reasonably request to evidence such termination or release, in   each case in accordance with the terms of Section 9.09 of the Credit Agreement.   Any execution and delivery of documents pursuant to this Section 5.13 shall   be without recourse to or warranty by the Collateral Agent. (e)   Notwithstanding anything to the contrary set forth in this Agreement, each   Hedge Bank by the acceptance of the benefits under this Agreement hereby   acknowledges and agrees that (i) the obligations of the Borrower or any   Subsidiary under any Secured Hedge Agreement and any Treasury Services   Agreement shall be secured pursuant to this Agreement only to the extent that,   and for so long as, the other Obligations are so secured and (ii) any release   of Collateral effected in the manner permitted by this Agreement shall not   require the consent of any Hedge Bank. SECTION 5.14. Additional Guarantors.   Each Subsidiary (other than an Excluded Subsidiary) of the Borrower that is   required to enter into this Agreement as a Grantor pursuant to Section 6.11   of the Credit Agreement shall, and any Subsidiary of the Borrower may,   execute and deliver a Security Agreement Supplement and thereupon such   Subsidiary shall become a Grantor hereunder with the same force and effect as   if originally named as a Grantor herein. The execution and delivery of any   such instrument shall not require the consent of any other Grantor hereunder.   The rights and obligations of each Grantor hereunder shall remain in full   force and effect notwithstanding the addition of any new Grantor as a party   to this Agreement. SECTION 5.15. Collateral Agent Appointed Attorney-in-Fact.   Each Grantor hereby appoints the Collateral Agent the attorney-in-fact of   such Grantor for the purpose of carrying out the provisions of this Agreement   and taking any action and executing any instrument that the Collateral Agent   may deem necessary or advisable to accomplish the purposes hereof at any time   after and during the continuance of an Event of Default, which appointment is   irrevocable and coupled with an interest. Without limiting the generality of   the foregoing, the Collateral Agent shall have the right, upon the occurrence   and during the continuance of an Event of Default and notice by the   Collateral Agent to the Borrower of its intent to exercise such rights, with   full power of substitution either in the Collateral Agent’s name or in the   name of such Grantor (a) to receive, endorse, assign and/or deliver any and   all notes, acceptances, checks, drafts, money orders or other evidences of   payment relating to the Collateral or any part thereof; (b) to demand,   collect, receive payment of, give receipt for and give discharges and releases   of all or any of the Collateral; (c) to sign the name of any Grantor on any   invoice or bill of lading relating to any of the Collateral; (d) to send   verifications of Accounts to any Account Debtor; (e) to commence and   prosecute any and all suits, actions or proceedings at law or in equity in   any court of competent jurisdiction to collect or otherwise realize on all or   any of the Collateral or to enforce any rights in respect of any Collateral;   (f) to settle, compromise, compound, adjust or defend any actions, suits or   proceedings relating to all or any of the Collateral; (g) to notify, or to   require any Grantor to notify, Account Debtors to make payment directly to   the Collateral Agent; (h) to make, settle and adjust claims in respect of   Article 9 Collateral under policies of insurance, including endorsing the   name of any Grantor on any check, draft, instrument or other item of payment   for the proceeds of such policies of insurance, making all determinations and   decisions with respect thereto and obtaining or maintaining the policies of   insurance F-23 

    

 

required by   Section 6.07 of the Credit Agreement or paying any premium in whole or in   part relating thereto; and (i) to use, sell, assign, transfer, pledge, make   any agreement with respect to or otherwise deal with all or any of the   Collateral, and to do all other acts and things necessary to carry out the   purposes of this Agreement, as fully and completely as though the Collateral   Agent were the absolute owner of the Collateral for all purposes; provided   that nothing herein contained shall be construed as requiring or obligating   the Collateral Agent to make any commitment or to make any inquiry as to the   nature or sufficiency of any payment received by the Collateral Agent, or to   present or file any claim or notice, or to take any action with respect to   the Collateral or any part thereof or the moneys due or to become due in   respect thereof or any property covered thereby. Anything in this Section   5.15 to the contrary notwithstanding, the Collateral Agent agrees that it   will not exercise any rights under the power of attorney provided for in this   Section 5.15 unless an Event of Default shall have occurred and be   continuing. The Collateral Agent and the other Secured Parties shall be   accountable only for amounts actually received as a result of the exercise of   the powers granted to them herein. No Agent Party shall be liable in the   absence of its own bad faith, gross negligence or willful misconduct, as   determined by a final judgment of a court of competent jurisdiction. All sums   disbursed by the Collateral Agent in connection with this paragraph,   including reasonable attorneys’ fees, court costs, expenses and other charges   relating thereto, shall be payable, as provided in Sections 10.04 and 10.05   of the Credit Agreement promptly upon written demand therefor by the Grantors   to the Collateral Agent and shall be additional Obligations secured hereby.   SECTION 5.16. General Authority of the Collateral Agent. By acceptance of the   benefits of this Agreement and any other Collateral Documents, each Secured   Party (whether or not a signatory hereto) shall be deemed irrevocably (a) to   consent to the appointment of the Collateral Agent as its agent hereunder and   under such other Collateral Documents, (b) to confirm that the Collateral   Agent shall have the authority to act as the exclusive agent of such Secured   Party for the enforcement of any provisions of this Agreement and such other   Collateral Documents against any Grantor, the exercise of remedies hereunder   or thereunder and the giving or withholding of any consent or approval   hereunder or thereunder relating to any Collateral or any Grantor’s   obligations with respect thereto, (c) to agree that it shall not take any   action to enforce any provisions of this Agreement or any other Collateral   Document against any Grantor, to exercise any remedy hereunder or thereunder   or to give any consents or approvals hereunder or thereunder except as   expressly provided in this Agreement or any other Collateral Document and (d)   to agree to be bound by the terms of this Agreement and any other Collateral   Documents. SECTION 5.17. Reasonable Care. The Collateral Agent is required to   exercise reasonable care in the custody and preservation of any of the   Collateral in its possession; provided that the Collateral Agent shall be   deemed to have exercised reasonable care in the custody and preservation of   any of the Collateral, if such Collateral is accorded treatment substantially   similar to that which the Collateral Agent accords its own property. SECTION   5.18. Mortgages. In the event that any of the Collateral hereunder is also   subject to a valid and enforceable Lien under the terms of a Mortgage and the   terms thereof are inconsistent with the terms of this Agreement, then with respect   to such Collateral, the terms of such Mortgage shall control in the case of   Fixtures and real estate leases, letting and licenses of, and contracts and   agreements relating to the lease of, real property, and the terms of this   Agreement shall control in the case of all other Collateral. SECTION 5.19.   Reinstatement. This Security Agreement shall continue to be effective, or be   reinstated, as the case may be, if at any time payment, or any part thereof,   of any of the Obligations is rescinded or must otherwise be restored or   returned by the Collateral Agent or any other Secured Party upon the   insolvency, bankruptcy, dissolution, liquidation or reorganization of the   Borrower or any other Loan Party, or upon or as a result of the appointment   of a receiver, intervenor or conservator of, or trustee or similar officer   for, the Borrower or any other Loan Party or any substantial part of its   property, or otherwise, all as though such payments had not been made. F-24 

    

 

SECTION 5.20.   Miscellaneous. (a) The Collateral Agent may execute any of the powers granted   under this Agreement and perform any duty hereunder either directly or by or   through agents or attorneys-in-fact. (b) The Collateral Agent shall not be   deemed to have actual, constructive, direct or indirect notice or knowledge   of the occurrence of any Event of Default unless and until the Collateral   Agent shall have received a notice of Event of Default or a notice from the   Grantor or the Secured Parties to the Collateral Agent in its capacity as   Collateral Agent indicating that an Event of Default has occurred. The   Collateral Agent shall have no obligation either prior to or after receiving   such notice to inquire whether an Event of Default has, in fact, occurred and   shall be entitled to rely conclusively, and shall be fully protected in so   relying, on any notice so furnished to it. [Signatures on following page]   F-25 

    

 

IN WITNESS   WHEREOF, the parties hereto have duly executed this Agreement as of the day   and year first above written. ACTIVISION BLIZZARD, INC., as Borrower By:   Name: Title: [GRANTORS] By: Name: Title: BANK OF AMERICA, N.A., as Collateral   Agent By: Name: Title: F-26 Signature Page for Security Agreement 

    

 

SCHEDULE I   Pledged Equity Pledged Debt F-27 Pledgor Pledged Interest 

    

 

SCHEDULE II   Commercial Tort Claims F-28 

    

 

SCHEDULE III   Excluded Patents F-29 

    

 

EXHIBIT I TO   THE SECURITY AGREEMENT SUPPLEMENT NO. dated as of [ ], to the Security   Agreement (as amended, supplemented or otherwise modified, the “Security   Agreement”) dated as of [ ] among ACTIVISION BLIZZARD, INC. (the “Borrower”),   the other Grantors from time to time party thereto and BANK OF AMERICA, N.A.,   as Collateral Agent for the Secured Parties. A. Reference is made to the   Credit Agreement dated as of October 11, 2013 (as amended, restated, amended   and restated, supplemented or otherwise modified from time to time, the   “Credit Agreement”), among the Borrower, Bank of America, N.A., as   Administrative Agent, Collateral Agent, Swing Line Lender, and L/C Issuer,   and each lender from time to time party thereto (collectively, the “Lenders”   and individually, a “Lender”). B. Capitalized terms used herein and not   otherwise defined herein shall have the meanings assigned to such terms in   the Security Agreement, and if not defined therein, the Credit Agreement. C.   The Grantors have entered into the Security Agreement in order to induce (x)   the Lenders to make Loans and the L/C Issuers to issue Letters of Credit, (y)   the Hedge Banks to enter into and/or maintain Secured Hedge Agreements and/or   Treasury Services Agreements. Section 5.14 of the Security Agreement provides   that additional Restricted Subsidiaries of the Borrower may become Grantors   under the Security Agreement by execution and delivery of an instrument in   the form of this Supplement. The undersigned Restricted Subsidiary (the “New   Subsidiary”) is executing this Supplement in accordance with the requirements   of the Credit Agreement to become a Grantor under the Security Agreement in   order to induce (x) the Lenders to make additional Loans and the L/C Issuers   to issue additional Letters of Credit and (y) the Hedge Banks to enter into   and/or maintain Secured Hedge Agreements and/or Treasury Services Agreements   and as consideration for (x) Loans previously made and Letters of Credit   previously issued and (y) Secured Hedge Agreements and Treasury Services Agreements   previously entered into and/or maintained. Accordingly, the Collateral Agent   and the New Subsidiary agree as follows: SECTION 1. In accordance with   Section 5.14 of the Security Agreement, the New Subsidiary by its signature   below becomes a Grantor under the Security Agreement with the same force and   effect as if originally named therein as a Grantor and the New Subsidiary   hereby (a) agrees to all the terms and provisions of the Security Agreement   applicable to it as a Grantor thereunder and (b) represents and warrants that   the representations and warranties made by it as a Grantor thereunder are   true and correct on and as of the date hereof. In furtherance of the   foregoing, the New Subsidiary, as security for the payment and performance in   full of the Obligations does hereby create and grant to the Collateral Agent,   its successors and assigns, for the benefit of the Secured Parties, their   successors and assigns, a security interest in and lien on all of the New   Subsidiary’s right, title and interest in and to the Collateral (as defined   in the Security Agreement) of the New Subsidiary. Each reference to a   “Grantor” in the Security Agreement shall be deemed to include the New   Subsidiary. The Security Agreement is hereby incorporated herein by reference.   SECTION 2. The New Subsidiary represents and warrants to the Collateral Agent   for the benefit of the Secured Parties that this Supplement has been duly   authorized, executed and delivered by it and F-30 

    

 

constitutes its   legal, valid and binding obligation, enforceable against it in accordance   with its terms, except as such enforceability may be limited by Debtor Relief   Laws and by general principles of equity. SECTION 3. This Supplement may be   executed in counterparts (and by different parties hereto on different   counterparts), each of which shall constitute an original, but all of which   when taken together shall constitute a single contract. This Supplement shall   become effective when the Collateral Agent shall have received a counterpart   of this Supplement that bears the signature of the New Subsidiary, and the   Collateral Agent has executed a counterpart hereof. Delivery of an executed   signature page to this Supplement by facsimile transmission or other   electronic communication shall be as effective as delivery of a manually   signed counterpart of this Supplement. SECTION 4. The New Subsidiary hereby   represents and warrants that (a) set forth on Schedule I attached hereto is a   true and correct schedule of the location of any and all Collateral of the   New Subsidiary, (b) set forth under its signature hereto is the true and   correct legal name of the New Subsidiary, its jurisdiction of formation and   the location of its chief executive office, (c) Schedule I attached hereto   sets forth a true and complete list, with respect to the New Subsidiary, of   (i) all the Equity Interests owned by the New Subsidiary in any Person and   the percentage of the issued and outstanding units of each class of the   Equity Interests of the issuer thereof represented by the Pledged Equity   owned by the New Subsidiary and (ii) all the Pledged Debt owned by the New   Subsidiary and (d) Schedule I attached hereto sets forth, as of the date   hereof, each Commercial Tort Claim in respect of which a complaint or   counterclaim has been filed by the New Subsidiary seeking damages in an   amount of $10,000,000 or more. Schedule I shall be incorporated into, and   after the date hereof be deemed part of, the Perfection Certificate. SECTION   5. Except as expressly supplemented hereby, the Security Agreement shall   remain in full force and effect. SECTION 6. THIS SUPPLEMENT SHALL BE GOVERNED   BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.   SECTION 7. If any provision of this Supplement is held to be illegal, invalid   or unenforceable, the legality, validity and enforceability of the remaining   provisions of this Supplement and the other Loan Documents shall not be   affected or impaired thereby. The invalidity of a provision in a particular   jurisdiction shall not invalidate or render unenforceable such provision in   any other jurisdiction. SECTION 8. All communications and notices hereunder   shall be in writing and given as provided in Section 5.01 of the Security   Agreement. SECTION 9. The New Subsidiary agrees to reimburse the Collateral   Agent for its reasonable out-of-pocket expenses in connection with the   execution and delivery of this Supplement, including the reasonable fees,   other charges and disbursements of counsel for the Collateral Agent.   [Signatures on following page] F-31 

    

 

IN WITNESS   WHEREOF, the New Subsidiary and the Collateral Agent have duly executed this   Supplement to the Security Agreement as of the day and year first above   written. [NAME OF NEW SUBSIDIARY] By: Name: Title: Jurisdiction of Formation:   Address of Chief Executive Office: BANK OF AMERICA, N.A., as Collateral Agent   By: Name: Title: F-32 

    

 

SCHEDULE I TO   SUPPLEMENTAL NO TO THE SECURITY AGREEMENT LOCATION OF COLLATERAL EQUITY   INTERESTS DEBT SECURITIES COMMERCIAL TORT CLAIMS F-33 Issuer Principal Amount   Date of Note Maturity Date Number of Registered Number and Class of Equity   Interests Percentage of Equity Interests Issuer Certificate Owner   DescriptionLocation 

    

 

Exhibit II FORM   OF PATENT SECURITY AGREEMENT (SHORT-FORM) PATENT SECURITY AGREEMENT, dated as   of [ ] (this “Agreement”) among ACTIVISION BLIZZARD, INC., a Delaware   corporation located at 3100 Ocean Park Blvd., Santa Monica, CA 90405 (the   “Borrower”), the other Grantors identified herein and BANK OF AMERICA, N.A., as   Collateral Agent for the Secured Parties. Reference is made to the Security   Agreement dated as of [ ] (as amended, restated, amended and restated,   supplemented or otherwise modified from time to time, the “Security   Agreement”), among the Borrower, the other Grantors identified therein and   who from time to time become a party thereto and the Collateral Agent. The   Secured Parties’ agreements in respect of extensions of credit to the   Borrower are set forth in the Credit Agreement dated as of October 11, 2013   (as amended, restated, amended and restated, supplemented or otherwise   modified from time to time, the “Credit Agreement”), among the Borrower, BANK   OF AMERICA, N.A., as Administrative Agent, Collateral Agent, Swing Line   Lender, and L/C Issuer, and each lender from time to time party thereto   (collectively, the “Lenders” and individually, a “Lender”). The Guarantors   are affiliates of the Borrower, will derive substantial benefits from the   extension of credit to the Borrower pursuant to the Credit Agreement and the   performance of obligations by the Hedge Banks under any Secured Hedge   Agreements and Treasury Services Agreement and the undersigned Grantor are   willing to execute and deliver this Agreement in order to induce the Lenders   to extend such credit and the Hedge Banks to enter in to such Secured Hedge   Agreements and Treasury Services Agreements. Accordingly, the parties hereto   agree as follows: Section 1. Terms. Capitalized terms used in this Agreement   and not otherwise defined herein have the meanings specified in the Security   Agreement. The rules of construction specified in Article I of the Credit   Agreement also apply to this Agreement. Section 2. Grant of Security   Interest. As security for the payment or performance, as the case may be, in   full of the Obligations, including the Guarantees, each Grantor, pursuant to   and in accordance with the Security Agreement, did and hereby does pledge to   the Collateral Agent for the benefit of the Secured Parties, and did and   hereby does grant to the Collateral Agent, its successors and assigns, for   the benefit of the Secured Parties, a security interest in, all right, title   and interest in or to any and all of the following assets and properties now   owned or at any time hereafter acquired by such Grantor or in which such   Grantor now has or at any time in the future may acquire any right, title or   interest (collectively, the “Patent Collateral”): All letters patent of the   United States, all registrations and recordings thereof, and all applications   for letters patent of the United States, and all reissues, re-examinations,   continuations, divisions, continuations-in-part, renewals or extensions   thereof, including those listed on Schedule I hereto, and the inventions or   improvements disclosed or claimed therein. In no event shall the Patent   Collateral include any Excluded Patents that constitute Excluded Assets,   unless and until such Excluded Patents F-34 

    

 

become Article   9 Collateral under Section 3.03(f)(vi) of the Security Agreement. Section 3.   Termination. This Patent Security Agreement and the security interest granted   hereby shall automatically terminate with respect to all of a Grantor’s   Obligations and any Lien arising therefrom shall be automatically released   upon termination of the Security Agreement or release of such Grantor’s   obligations thereunder. The Collateral Agent shall, in connection with any   termination or release herein or under the Security Agreement, execute and   deliver to any Grantor as such Grantor may request, an instrument in writing   releasing the security interest in the Patent Collateral acquired under this   Agreement. Additionally, upon such satisfactory performance or payment, the   Collateral Agent shall reasonably cooperate with any efforts made by a   Grantor to make of record or otherwise confirm such satisfaction including,   but not limited to, the release and/or termination of this Agreement and any   security interest in, to or under the Patent Collateral. Section 4.   Supplement to the Security Agreement. The security interests granted to the   Collateral Agent herein are granted in furtherance, and not in limitation of,   the security interests granted to the Collateral Agent pursuant to the   Security Agreement. Each Grantor hereby acknowledges and affirms that the   rights and remedies of the Collateral Agent with respect to the Patent   Collateral are more fully set forth in the Security Agreement, the terms and   provisions of which are hereby incorporated herein by reference as if fully   set forth herein. In the event of any conflict between the terms of this   Agreement and the Security Agreement, the terms of the Security Agreement   shall govern. Section 5. Governing Law. The terms of Section 10.15 of the   Credit Agreement with respect to governing law are incorporated herein by   reference,mutatis mutandis, and the parties hereto agree to such terms.   Section 6. Intercreditor Agreement GovernsNotwithstanding anything herein to   the contrary, (i) the liens and security interests granted to the Collateral   Agent pursuant to this Agreement are expressly subject to the Intercreditor   Agreement and (ii) the exercise of any right or remedy by the Collateral   Agent hereunder is subject to the limitations and provisions of the   Intercreditor Agreement. In the event of any conflict between the terms of the   Intercreditor Agreement and the terms of this Agreement, the terms of the   Intercreditor Agreement shall govern. [Signatures on following page] F-35 

    

 

IN WITNESS   WHEREOF, the parties hereto have duly executed this Agreement as of the day   and year first above written. ACTIVISION BLIZZARD, INC., as Borrower By:   Name: [GRANTORS] By: Name: Title: BANK OF AMERICA, N.A., as Collateral Agent   By: Name: Title: F-36 Signature Page for Patent Security Agreement 

    

 

Schedule I   Short Particulars of U.S. Patent Collateral F-37 

    

 

Exhibit III   FORM OF TRADEMARK SECURITY AGREEMENT (SHORT-FORM) TRADEMARK SECURITY   AGREEMENT, dated as of [ ] (this “Agreement”) among ACTIVISION BLIZZARD,   INC., a Delaware corporation located at 3100 Ocean Park Blvd., Santa Monica,   CA 90405 (the “Borrower”), the other Grantors identified herein and BANK OF   AMERICA, N.A., as Collateral Agent for the Secured Parties. Reference is made   to the Security Agreement dated as of [ ] (as amended, supplemented or   otherwise modified from time to time, the “Security Agreement”), among the   Borrower, the other Grantors identified therein and who from time to time   become a party thereto and the Collateral Agent. The Secured Parties’   agreements in respect of extensions of credit to the Borrower are set forth   in the Credit Agreement dated as of October 11, 2013 (as amended,   supplemented or otherwise modified from time to time, the “Credit   Agreement”), among the Borrower, BANK OF AMERICA, N.A., as Administrative   Agent, Collateral Agent, Swing Line Lender, and L/C Issuer, and each lender   from time to time party thereto (collectively, the “Lenders” and   individually, a “Lender”). The Guarantors are affiliates of the Borrower,   will derive substantial benefits from the extension of credit to the Borrower   pursuant to the Credit Agreement and the performance of obligations by the   Hedge Banks under any Secured Hedge Agreements and Treasury Services   Agreement and the undersigned Grantor are willing to execute and deliver this   Agreement in order to induce the Lenders to extend such credit and the Hedge   Banks to enter in to such Secured Hedge Agreements and Treasury Services   Agreements. Accordingly, the parties hereto agree as follows: Section 1.   Terms. Capitalized terms used in this Agreement and not otherwise defined   herein have the meanings specified in the Security Agreement. The rules of   construction specified in Article I of the Credit Agreement also apply to   this Agreement. Section 2. Grant of Security Interest. As security for the   payment or performance, as the case may be, in full of the Obligations,   including the Guarantees, each Grantor, pursuant to and in accordance with   the Security Agreement, did and hereby does pledge to the Collateral Agent   for the benefit of the Secured Parties, and did and hereby does grant to the   Collateral Agent, its successors and assigns, for the benefit of the Secured   Parties, a security interest in, all right, title and interest in or to any   and all of the following assets and properties now owned or at any time   hereafter acquired by such Grantor or in which such Grantor now has or at any   time in the future may acquire any right, title or interest (collectively,   the “Trademark Collateral”): (a) all trademarks, service marks, trade names,   corporate names, trade dress, logos, designs, fictitious business names,   other source or business identifiers protected under the laws of the United   States or any state or political subdivision thereof, all registrations and   recordings thereof, all registration and recording applications filed in   connection therewith in the USPTO, and all renewals thereof, as well as any   unregistered trademarks and service marks used by a Grantor, including those   listed on Schedule I hereto, and (b) all goodwill connected with the use   thereof F-38 

    

 

and symbolized   thereby; provided that the grant of security interest shall not include any   “intent-to-use” trademark applications prior to the filing and acceptance of   a “Statement of Use” pursuant to Section 1(d) of the Lanham Act or an   “Amendment to Allege Use” pursuant to Section 1(c) of the Lanham Act with   respect thereto. Section 3. Termination. This Trademark Security Agreement   and the security interest granted hereby shall automatically terminate with   respect to all of a Grantor’s Obligations and any Lien arising therefrom   shall be automatically released upon termination of the Security Agreement or   release of such Grantor’s obligations thereunder. The Collateral Agent shall,   in connection with any termination or release herein or under the Security   Agreement, execute and deliver to any Grantor as such Grantor may request, an   instrument in writing releasing the security interest in the Trademark   Collateral acquired under this Agreement. Additionally, upon such   satisfactory performance or payment, the Collateral Agent shall reasonably   cooperate with any efforts made by a Grantor to make of record or otherwise   confirm such satisfaction including, but not limited to, the release and/or   termination of this Agreement and any security interest in, to or under the   Trademark Collateral. Section 4. Supplement to the Security Agreement. The   security interests granted to the Collateral Agent herein are granted in   furtherance, and not in limitation of, the security interests granted to the   Collateral Agent pursuant to the Security Agreement. Each Grantor hereby   acknowledges and affirms that the rights and remedies of the Collateral Agent   with respect to the Trademark Collateral are more fully set forth in the   Security Agreement, the terms and provisions of which are hereby incorporated   herein by reference as if fully set forth herein. In the event of any   conflict between the terms of this Agreement and the Security Agreement, the   terms of the Security Agreement shall govern. Section 5. Governing Law. The   terms of Section 10.15 of the Credit Agreement with respect to governing law   are incorporated herein by reference,mutatis mutandis, and the parties hereto   agree to such terms. Section 6. Intercreditor Agreement Governs.   Notwithstanding anything herein to the contrary, (i) the liens and security   interests granted to the Collateral Agent pursuant to this Agreement are   expressly subject to the Intercreditor Agreement and (ii) the exercise of any   right or remedy by the Collateral Agent hereunder is subject to the   limitations and provisions of the Intercreditor Agreement. In the event of   any conflict between the terms of the Intercreditor Agreement and the terms   of this Agreement, the terms of the Intercreditor Agreement shall govern.   [Signatures on following page] F-39 

    

 

IN WITNESS   WHEREOF, the parties hereto have duly executed this Agreement as of the day   and year first above written. ACTIVISION BLIZZARD, INC., as Borrower By:   Name: Title: [GRANTORS] By: Name: Title: BANK OF AMERICA, N.A., as Collateral   Agent By: Name: Title: F-40 Signature Page for Trademark Security Agreement 

    

 

Schedule I to   Trademark Security Agreement Supplement UNITED STATES Trademarks, Service   Marks and Trademark Applications F-41 Grantor Trademark or Service Mark   Application Date Filed Application No. and Jurisdiction Grantor Trademark or   Service Mark Date Granted Registration No. and Jurisdiction 

    

 

Exhibit IV FORM   OF COPYRIGHT SECURITY AGREEMENT (SHORT-FORM) COPYRIGHT SECURITY AGREEMENT,   dated as of [ ] (this “Agreement”) among ACTIVISION BLIZZARD, INC., a   Delaware corporation located at 3100 Ocean Park Blvd., Santa Monica, CA 90405   (the “Borrower”), the other Grantors identified herein and BANK OF AMERICA,   N.A., as Collateral Agent for the Secured Parties. Reference is made to the   Security Agreement dated as of [ ] (as amended, supplemented or otherwise   modified from time to time, the “Security Agreement”), among the Borrower,   the other Grantors identified therein and who from time to time become a   party thereto and the Collateral Agent. The Secured Parties’ agreements in   respect of extensions of credit to the Borrower are set forth in the Credit   Agreement dated as of October 11, 2013 (as amended, supplemented or otherwise   modified from time to time, the “Credit Agreement”), among the Borrower, BANK   OF AMERICA, N.A., as Administrative Agent, Collateral Agent, Swing Line   Lender, and L/C Issuer, and each lender from time to time party thereto   (collectively, the “Lenders” and individually, a “Lender”). The Guarantors   are affiliates of the Borrower, will derive substantial benefits from the   extension of credit to the Borrower pursuant to the Credit Agreement and the   performance of obligations by the Hedge Banks under any Secured Hedge   Agreements and Treasury Services Agreement and the undersigned Grantor are   willing to execute and deliver this Agreement in order to induce the Lenders   to extend such credit and the Hedge Banks to enter in to such Secured Hedge   Agreements and Treasury Services Agreements. Accordingly, the parties hereto   agree as follows: Section 1. Terms. Capitalized terms used in this Agreement   and not otherwise defined herein have the meanings specified in the Security   Agreement. The rules of construction specified in Article I of the Credit   Agreement also apply to this Agreement. Section 2. Grant of Security   Interest. As security for the payment or performance, as the case may be, in   full of the Obligations, including the Guarantees, each Grantor, pursuant to   and in accordance with the Security Agreement, did and hereby does pledge to   the Collateral Agent for the benefit of the Secured Parties, and did and   hereby does grant to the Collateral Agent, its successors and assigns, for   the benefit of the Secured Parties, a security interest in, all right, title   and interest in or to any and all of the following assets and properties now   owned or at any time hereafter acquired by such Grantor or in which such   Grantor now has or at any time in the future may acquire any right, title or   interest (collectively, the “Copyright Collateral”): (a) all copyright rights   in any work subject to and under the copyright laws of the United States,   whether as author, assignee, transferee, exclusive licensee or otherwise, and   (b) all registrations and applications for registration of any such copyright   in the United States, including registrations, recordings, supplemental   registrations and pending applications for registration in the USCO,   including those listed on Schedule I hereto. Section 3. Termination. This   Copyright Security Agreement and the security interest granted hereby shall   automatically terminate with respect to all of a Grantor’s Obligations and   any Lien arising F-42 

    

 

therefrom shall   be automatically released upon termination of the Security Agreement or   release of such Grantor’s obligations thereunder. The Collateral Agent shall,   in connection with any termination or release herein or under the Security   Agreement, execute and deliver to any Grantor as such Grantor may request, an   instrument in writing releasing the security interest in the Copyright   Collateral acquired under this Agreement. Additionally, upon such   satisfactory performance or payment, the Collateral Agent shall reasonably   cooperate with any efforts made by a Grantor to make of record or otherwise   confirm such satisfaction including, but not limited to, the release and/or   termination of this Agreement and any security interest in, to or under the   Copyright Collateral. Section 4. Supplement to the Security Agreement. The   security interests granted to the Collateral Agent herein are granted in   furtherance, and not in limitation of, the security interests granted to the   Collateral Agent pursuant to the Security Agreement. Each Grantor hereby   acknowledges and affirms that the rights and remedies of the Collateral Agent   with respect to the Copyright Collateral are more fully set forth in the   Security Agreement, the terms and provisions of which are hereby incorporated   herein by reference as if fully set forth herein. In the event of any   conflict between the terms of this Agreement and the Security Agreement, the   terms of the Security Agreement shall govern. Section 5. Governing Law. The   terms of Section 10.15 of the Credit Agreement with respect to governing law   are incorporated herein by reference,mutatis mutandis, and the parties hereto   agree to such terms. Section 6. Intercreditor Agreement Governs.   Notwithstanding anything herein to the contrary, (i) the liens and security   interests granted to the Collateral Agent pursuant to this Agreement are   expressly subject to the Intercreditor Agreement and (ii) the exercise of any   right or remedy by the Collateral Agent hereunder is subject to the   limitations and provisions of the Intercreditor Agreement. In the event of   any conflict between the terms of the Intercreditor Agreement and the terms   of this Agreement, the terms of the Intercreditor Agreement shall govern.   [Signatures on following page] F-43 

    

 

IN WITNESS   WHEREOF, the parties hereto have duly executed this Agreement as of the day   and year first above written. ACTIVISION BLIZZARD, INC., as Borrower By:   Name: Title: [GRANTORS] By: Name: Title: BANK OF AMERICA, N.A., as Collateral   Agent By: Name: Title: F-44 Signature Page for Copyright Security Agreement 

    

 

Schedule I   Short Particulars of U.S. Copyright Collateral F-45 

    

 

EXHIBIT G-1   [FORM OF] PERFECTION CERTIFICATE (See Attached) G-1-1 

    

 

EXHIBIT G-2   [FORM OF] PERFECTION CERTIFICATE SUPPLEMENT This Perfection Certificate   Supplement, dated as of [ ] is delivered pursuant to Section 6.02(e) of that   certain Credit Agreement dated as of October 11, 2013 (the “Credit   Agreement”) among Activision Blizzard, Inc., the Guarantors, the lenders and   other parties thereto from time to time and BANK OF AMERICA, N.A., as   Collateral Agent (in such capacity, the “Collateral Agent”). Capitalized   terms used but not defined herein have the meanings assigned in the Credit   Agreement. As used herein, the term “Companies” means the Borrower and each   Guarantor. The undersigned, the [ ] of the Borrower, hereby certify (in my   capacity as [ ] and not in my individual capacity) to the Collateral Agent   and each of the other Secured Parties that, as of the date hereof, there has   been no change in the information described in the Perfection Certificate   delivered on the Closing Date (as supplemented by any perfection certificate   supplements delivered prior to the date hereof, the “Prior Perfection   Certificate”), other than as follows: 1. Names. (i) Except as listed on   Schedule 1(a) attached hereto and made a part hereof, (x) Schedule 1(a) to   the Prior Perfection Certificate sets forth the exact legal name of each   Company, as such name appears in its respective certificate of incorporation   or any other organizational document; (y) each Company is (i) the type of   entity disclosed next to its name inSchedule 1(a) to the Prior Perfection   Certificate and (ii) a registered organization except to the extent disclosed   inSchedule 1(a) to the Prior Perfection Certificate and (z) set forth in   Schedule 1(a) to the Prior Perfection Certificate is the organizational   identification number, if any, of each Company that is a registered organization,   the Federal Taxpayer Identification Number of each Company and the   jurisdiction of formation of each Company. (ii) Except as listed on Schedule   1(b) attached hereto and made a part hereof, set forth in Schedule 1(b) of   the Prior Perfection Certificate is any other corporate or organizational   names each Company has had in the past five years, together with the date of   the relevant change. 2. Current Locations. Except as listed on Schedule 2   attached hereto and made a part hereof, the chief executive office of each   Company is located at the address set forth inSchedule 2 of the Prior   Perfection Certificate. 3. Extraordinary Transactions. During the five year   period preceding the date hereof, except for those purchases, acquisitions   and other transactions described onSchedule 3 attached hereto and on Schedule   3 to the Prior Perfection Certificate, all of the material Collateral has   been originated by each Company in the ordinary course of business or   consists of goods which have been acquired by such Company in the ordinary   course of business from a person in the business of selling goods of that   kind.. 4. [Intentionally omitted]. 5. UCC Filings. Except as listed on   Schedule 5 attached hereto and made a part hereof, the financing statements   (duly authorized by each Company constituting the debtor therein), including   the indications of the collateral relating to the Security Agreement or the   applicable Mortgage, are set forth in Schedule 5 of the Prior Perfection   Certificate and are in the appropriate forms for filing in the filing offices   in the jurisdictions identified in Schedule 6 hereto and thereto. G-2-1 

    

 

6. Schedule of   Filings. Except as listed on Schedule 6 attached hereto and made a part   hereof, attached to the Prior Perfection Certificate as Schedule 6 is a   schedule of (i) the appropriate filing offices for the financing statements   attached hereto and thereto asSchedule 5 and (ii) the appropriate filing   offices for the filings described in Schedule 11(a) and Schedule 11(b) hereto   and thereto and (iii) any other actions required to create, preserve, protect   and perfect the security interests in the Pledged Collateral (as defined in   the Security Agreement) granted to the Collateral Agent pursuant to the   Collateral Documents. No other filings or actions are required to create,   preserve, protect and perfect the security interests in the Pledged   Collateral granted to the Collateral Agent pursuant to the Collateral   Documents. 7. Real Property. Except as listed on Schedule 7 attached hereto   and made a part hereof, Schedule 7 to the Prior Perfection Certificate is a   list of all real property owned by each Company located in the United States   and having a value in excess of [$5,000,000] noting Mortgaged Property as of   the Closing Date and filing offices for Mortgages as of the Closing Date. 8.   [Intentionally omitted]. 9. Stock Ownership and Other Equity Interests. Except   as listed onSchedule 9(a) attached hereto and made a part hereof, Schedule   9(a) or Schedule 9(b) to the Prior Perfection Certificate is a true and   correct list of each of all of the authorized, and the issued and   outstanding, stock, partnership interests, limited liability company   membership interests or other equity interest of each Company and its direct   Subsidiaries and the record and beneficial owners of such stock, partnership   interests, membership interests or other equity interests. Except as set   forth onSchedule 9(c) attached hereto and made a part hereof, Schedule 9(c)   to the Prior Perfection Certificate sets forth each equity investment of each   Company that represents 50% or less of the equity of the entity in which such   investment was made. 10. Instruments and Tangible Chattel Paper. Except as   listed onSchedule 10 attached hereto and made a part hereof, Schedule 10 to   the Prior Perfection Certificate is a true and correct list of all promissory   notes, instruments (other than checks to be deposited in the ordinary course   of business), tangible chattel paper, electronic chattel paper and other   evidence of indebtedness held by each Company as of the date hereof,   including all intercompany notes between or among any two or more Companies.   11. Intellectual Property. (i) Except as listed on Schedule 11(a) attached   hereto and made a part hereof, Schedule 11(a) to the Prior Perfection   Certificate is a schedule setting forth all of each Company’s Patents and   Trademarks (each as defined in the Security Agreement) applied for or   registered with the United States Patent and Trademark Office (the “USPTO”),   including the name of the registered owner or applicant and the registration,   application, or publication number, as applicable, of each Patent or Trademark   owned by each Company. (ii) Except as listed on Schedule 11(b) attached   hereto and made a part hereof, Schedule 11(b) to the Prior Perfection   Certificate is a schedule setting forth all of each Company’s United States   Copyrights (each as defined in the Security Agreement) registered with the   United States Copyright Office (the “USCO”), including the name of the   registered owner and the registration number of each Copyright owned by each   Company. (iii) Except as listed on Schedule 11(c) attached hereto and made a   part hereof, attached to the Prior Perfection Certificate as Schedule 11(c)   is a schedule setting forth all material Patent Licenses, material Trademark   Licenses and material Copyright Licenses, recorded with the USPTO or USCO, as   applicable, including, but not limited to, the relevant signatory parties to   each license along with the date G-2-2 

    

 

of execution   thereof and, if applicable, a recordation number or other such evidence of   recordation, excluding all licenses for standard commercial software. (iv)   Except as listed on Schedule 11(d) attached hereto and made a part hereof,   attached to the Prior Perfection Certificate as Schedule 11(d) in proper form   for filing with the USPTO and USCO are the filings necessary to record the   security interests in the United States Trademarks, Patents and Copyrights   set forth in Schedule 11(a) and Schedule 11(b), including duly signed copies   of each of the Patent Security Agreement, Trademark Security Agreement and   the Copyright Security Agreement, as applicable. 12. Commercial Tort Claims.   Except as listed on Schedule 12 attached hereto and made a part hereof, attached   to the Prior Perfection Certificate asSchedule 12 is a true and correct list   of all Commercial Tort Claims (as defined in the Security Agreement) having a   value in excess of $[10,000,000] held by each Company, including a brief   description thereof. 13. Insurance. Except as listed on Schedule 13 attached   hereto and made a part hereof, attached to the Prior Perfection Certificate   as Schedule 13 is a true and correct list of all insurance policies of the   Companies. 14. Other Collateral. Except as listed on Schedule 14 attached   hereto and made a part hereof, attached to the Prior Perfection Certificate   asSchedule 14 is a true and correct list of all of the following types of   collateral, if any, owned or held by each Company: (a) all agreements and   contracts with any Governmental Authority, (b) all FCC licenses, (c) all   aircraft and airplanes, (d) all ships and boats vessels, (e) all rolling   stock and trains, (f) all oil, gas, minerals and as extracted collateral,   stating in each case, if such types of collateral are required to be pledged   pursuant to the Security Agreement. [The Remainder of this Page has been   intentionally left blank] G-2-3 

    

 

IN WITNESS   WHEREOF, we have hereunto signed this Perfection Certificate Supplement as of   the date first written above. ACTIVISION BLIZZARD, INC. By: Name: Title:   [Each of the Guarantors] G-2-4 

    

 

Schedule 1(a)   Legal Names, Etc. 1 If none, so state. G-2-5 Legal Name Type of Entity   Registered Organization (Yes/No) Organizational Number1 Federal Taxpayer   Identification Number State of Formation 

    

 

Schedule 1(b)   Prior Organizational Names G-2-6 Company/Subsidiary Prior Name Date of Change   

    

 

Schedule 2   Chief Executive Offices G-2-7 Company/Subsidiary Address County State 

    

 

Schedule 3   Transactions Other Than in the Ordinary Course of Business G-2-8   Company/Subsidiary Description of Transaction Including Parties Thereto Date   of Transaction 

    

 

Schedule 5 Copy   of Financing Statements To Be Filed See attached. G-2-9 

    

 

Schedule 6   Filings/Filing Offices 1 UCC-1 financing statement, fixture filing, mortgage,   intellectual property filing or other necessary filing. G-2-10 Type of   Filing1 Entity Applicable Collateral Document [Mortgage, Security Agreement   or Other] Jurisdictions 

    

 

 

Schedule 7 Real   Property G-2-11 Entity of Record Location Address Owned or Leased   Landlord/Owner if Leased Description of Lease Documents Purpose/Use of   Facility 

    

 

Cahill Gordon   & Reindel LLP Draft 12/3/03 Schedule 9 (a) Equity Interests of Companies   and Subsidiaries (b) Other Equity Interests G-2-12 Current Legal Entities   Owned Record Owner Certificate No. No. Shares/Interest Percent Pledged 

    

 

Schedule 10   Instruments and Tangible Chattel Paper 1. Promissory Notes: 2. Chattel Paper:   G-2-13 Entity Principal Amount Date of Issuance Interest Rate Maturity Date 

    

 

Cahill Gordon   & Reindel LLP Draft 12/3/03 Schedule 11(a) Patents and Trademarks UNITED   STATES PATENTS: Registrations: Applications: UNITED STATES TRADEMARKS:   Registrations: Applications: G-2-14 OWNER APPLICATION NUMBER TRADEMARK OWNER   REGISTRATION NUMBER TRADEMARK OWNER APPLICATION NUMBER DESCRIPTION OWNER   REGISTRATION NUMBER DESCRIPTION 

    

 

Cahill Gordon   & Reindel LLP Draft 12/3/03 Schedule 11(b) Copyrights UNITED STATES   COPYRIGHTS Registrations: Applications: Licenses: OTHER COPYRIGHTS   Registrations: Applications: G-2-15 OWNER COUNTRY/STATE APPLICATION NUMBER   OWNER COUNTRY/STATE TITLE REGISTRATION NUMBER REGISTRATION/APPLICATION   LICENSEE LICENSOR NUMBER DESCRIPTION OWNER APPLICATION NUMBER OWNER TITLEREGISTRATION   NUMBER 

    

 

Licenses:   G-2-16 REGISTRATION/APPLICATION LICENSEE LICENSOR COUNTRY/STATE NUMBER DESCRIPTION   

    

 

Cahill Gordon   & Reindel LLP Draft 12/3/03 Schedule 11(c) Material Intellectual Property   Licenses Patent Licenses: Trademark Licenses Copyright Licenses: G-2-17   LICENSEE LICENSOR TITLE OF AGREEMENT REGISTRATION/APPLICATION DATE OF NUMBER   AGREEMENT LICENSEE LICENSOR TITLE OF AGREEMENT REGISTRATION/APPLICATION DATE   OF NUMBER AGREEMENT TITLE OF LICENSEE LICENSOR AGREEMENT   REGISTRATION/APPLICATION DATE OF NUMBER AGREEMENT 

    

 

Cahill Gordon   & Reindel LLP Draft 12/3/03 Schedule 11(d) Intellectual Property Filings   G-2-18 

    

 

Schedule 12   Commercial Tort Claims G-2-192 

    

 

Schedule 13   Insurance G-2-202 

    

 

Cahill Gordon   & Reindel LLP Draft 12/3/03 Schedule 14 Other Collateral (a) Agreements   and Contracts with Governmental Authorities (b) FCC Licenses (c) Aircraft and   Airplanes (d) Ships, Boats and Vessels G-2-1 Description Description   Description Description 

    

 

(e) Rolling   Stock And Trains (f) Oil, Gas, Minerals and As Extracted Collateral G-2-22   Description Description 

    

 

EXHIBIT H [FORM   OF] INTERCOMPANY NOTE (See Attached) H-1 

    

 

EXHIBIT I-1   [FORM OF] FIRST LIEN INTERCREDITOR AGREEMENT dated as of [ ], 20[ ] among   ACTIVISION BLIZZARD, INC., the other Grantors party hereto, BANK OF AMERICA,   N.A., as General Credit Facilities Collateral Agent and Authorized   Representative for the General Credit Facilities Secured Parties, [ ] and   each additional Authorized Representative from time to time party hereto   I-1-1 

    

 

EXHIBIT G FIRST   LIEN INTERCREDITOR AGREEMENT (as amended or supplemented from time to time,   this “Agreement”) dated as of [ ], 20[ ], among ACTIVISION BLIZZARD, INC., a   Delaware corporation (the “Company”), the other Grantors party hereto, BANK   OF AMERICA, N.A., as administrative agent and collateral agent for the   General Credit Facilities Secured Parties (as defined below) (in such   capacity and together with its successors in such capacity, the “General   Credit Facilities Collateral Agent”) and as Authorized Representative for the   General Credit Facilities Secured Parties, [ ] as [trustee] [agent] and   collateral agent for the Initial Additional First Lien Secured Parties (in   such capacity and together with its successors in such capacity, the “Initial   Additional Authorized Representative”) and as Authorized Representative for   the Initial Additional First Lien Secured Parties, and each additional   Authorized Representative from time to time party hereto for the Additional   First Lien Secured Parties of the Series with respect to which it is acting   in such capacity. In consideration of the mutual agreements herein contained   and other good and valuable consideration, the receipt and sufficiency of   which are hereby acknowledged, the General Credit Facilities Collateral Agent   (for itself and on behalf of the General Credit Facilities Secured Parties),   the Initial Additional Authorized Representative (for itself and on behalf of   the Initial Additional First Lien Secured Parties) and each additional   Authorized Representative (for itself and on behalf of the Additional First   Lien Secured Parties of the applicable Series) agree as follows: ARTICLE I   Definitions SECTION 1.01 Construction; Certain Defined Terms. (a) The   definitions of terms herein shall apply equally to the singular and plural   forms of the terms defined. Whenever the context may require, any pronoun   shall include the corresponding masculine, feminine and neuter forms. The   words “include”, “includes” and “including” shall be deemed to be followed by   the phrase “without limitation”. The word “will” shall be construed to have   the same meaning and effect as the word “shall”. Unless the context requires   otherwise, (i) any definition of or reference to any agreement, instrument,   other document, statute or regulation herein shall be construed as referring   to such agreement, instrument, other document, statute or regulation as from   time to time amended, supplemented or otherwise modified, (ii) any reference   herein to any Person shall be construed to include such Person’s successors   and assigns, but shall not be deemed to include the subsidiaries of such   Person unless express reference is made to such subsidiaries, (iii) the words   “herein”, “hereof and “hereunder”, and words of similar import, shall be   construed to refer to this Agreement in its entirety and not to any   particular provision hereof, (iv) all references herein to Articles, Sections   and Annexes shall be construed to refer to Articles, Sections and Annexes of   this Agreement, (v) unless otherwise expressly qualified herein, the words   “asset” and “property” shall be construed to have the same meaning and effect   and to refer to any and all tangible and intangible assets and properties,   including cash, securities, accounts and contract rights and (vi) the term “or”   is not exclusive. (b) Without limiting the provisions of Section 2.03, it is   the intention of the First Lien Secured Parties of each Series that the   holders of First Lien Obligations of such Series (and not the First Lien   Secured Parties of any other Series) bear the risk of (i) any determination   by a court of competent jurisdiction that (x) any of the First Lien   Obligations of such Series are unenforceable under applicable law or are   subordinated to any other obligations (other than another Series of First   Lien Obligations), (y) any of the First Lien Obligations of such Series do   not have an enforceable security interest in any of the Collateral securing   any other Series of First Lien Obligations and/or (z) any intervening   security interest exists I-1-G-1 

    

 

securing any   other obligations (other than another Series of First Lien Obligations) on a   basis ranking prior to the security interest of such Series of First Lien   Obligations but junior to the security interest of any other Series of First   Lien Obligations or (ii) the existence of any Collateral for any other Series   of First Lien Obligations that is not Shared Collateral (any such condition   referred to in the foregoing clauses (i) or (ii) with respect to any Series   of First Lien Obligations, an “Impairment” of such Series); provided that the   existence of a maximum claim with respect to any real property subject to a   mortgage which applies to all First Lien Obligations shall not be deemed to   be an Impairment of any Series of First Lien Obligations. In the event of any   Impairment with respect to any Series of First Lien Obligations, the results   of such Impairment shall be borne solely by the holders of such Series of   First Lien Obligations, and the rights of the holders of such Series of First   Lien Obligations (including, without limitation, the right to receive   distributions in respect of such Series of First Lien Obligations pursuant to   Section 2.01) set forth herein shall be modified to the extent necessary so   that the effects of such Impairment are borne solely by the holders of the   Series of such First Lien Obligations subject to such Impairment.   Additionally, in the event the First Lien Obligations of any Series are   modified pursuant to applicable law (including, without limitation, pursuant   to Section 1129 of the Bankruptcy Code), any reference to such First Lien   Obligations or the First Lien Security Documents governing such First Lien   Obligations shall refer to such obligations or such documents as so modified.   (c) Capitalized terms used and not otherwise defined herein shall have the   meanings set forth in the General Credit Facilities Credit Agreement. As used   in this Agreement, the following terms have the meanings specified below:   “Additional Authorized Representative” shall have the meaning assigned to   such term in Section 6.01(b). “Additional First Lien Agreement” shall mean   any indenture, credit agreement or other agreement under which Additional   First Lien Obligations of any Series are issued or incurred and any other   instrument, agreement or other document evidencing or governing Additional   First Lien Obligations of such Series or providing any guarantee, Lien or   other right in respect thereof. “Additional First Lien Collateral Agent”   shall mean any collateral agent with respect to any Additional First Lien   Obligations. “Additional First Lien Obligations” shall mean all Obligations   of the Company and the other Grantors that shall have been designated as such   pursuant to Article VI. “Additional First Lien Secured Parties” shall mean   the holders of any Additional First Lien Obligations and any Additional First   Lien Collateral Agent or Authorized Representative with respect thereto.   “Agreement” shall have the meaning assigned to such term in the introductory   paragraph of this Agreement. “Applicable Authorized Representative” shall   mean, with respect to any Shared Collateral, (i) until the earlier of (x) the   Discharge of General Credit Facilities Obligations and (y) the   Non-Controlling Authorized Representative Enforcement Date, the General   Credit Facilities Collateral Agent and (ii) from and after the earlier of (x)   the Discharge of General Credit Facilities Obligations and (y) the   Non-Controlling Authorized Representative Enforcement Date, the Major   Non-Controlling Authorized Representative; provided that if there shall occur   one or more Non-Controlling Authorized Representative Enforcement Dates, the   Applicable Authorized Representative shall be the Authorized I-1G-2-22 

    

 

Representative   that is the Major Non-Controlling Authorized Representative in respect of the   most recent Non-Controlling Authorized Representative Enforcement Date.   “Authorized Representative” shall mean (i) in the case of any General Credit   Facilities Obligations or the General Credit Facilities Secured Parties, the   General Credit Facilities Collateral Agent, (ii) in the case of the Initial   Additional First Lien Obligations or the Initial Additional First Lien   Secured Parties, the Initial Additional Authorized Representative and (iii)   in the case of any Series of Additional First Lien Obligations or Additional   First Lien Secured Parties that become subject to this Agreement after the   date hereof, the Authorized Representative named for such Series in the applicable   Joinder Agreement. “Bankruptcy Case” shall have the meaning assigned to such   term in Section 2.05(b). “Bankruptcy Code” shall mean Title 11 of the United   States Code, as amended. “Bankruptcy Law” shall mean the Bankruptcy Code and   any similar Federal, state or foreign law for the relief of debtors. “Cash   Management Obligations” shall mean Obligations under any Treasury Services   Agreements. “Collateral” shall mean all assets and properties subject to   Liens created pursuant to any First Lien Security Document to secure one or   more Series of First Lien Obligations. “Company” shall have the meaning   assigned to such term in the introductory paragraph of this Agreement.   “Control Collateral” shall mean any Shared Collateral in the possession of,   or controlled by, the Applicable Authorized Representative (or its agents or   bailees), to the extent that possession or control thereof perfects a Lien   thereon under the Uniform Commercial Code of any jurisdiction. Control   Collateral includes, without limitation, any Certificated Securities,   Promissory Notes, Instruments, Investment Property, Deposit Accounts and   Chattel Paper, in each case, delivered to, in the possession of, or   controlled by, the Applicable Authorized Representative under the terms of   the First Lien Security Documents. All capitalized terms used in this   definition and not defined elsewhere in this Agreement have the meanings   assigned to them in the New York UCC. “Controlling Secured Parties” shall   mean, with respect to any Shared Collateral, the Series of First Lien Secured   Parties whose Authorized Representative is the Applicable Authorized   Representative for such Shared Collateral. “Default” shall mean a “Default”   (or similar defined term) as defined in any Secured Credit Document. “DIP   Financing” shall have the meaning assigned to such term in Section 2.05(b).   “DIP Financing Liens” shall have the meaning assigned to such term in Section   2.05(b). “DIP Lenders” shall have the meaning assigned to such term in   Section 2.05(b). I-1G-2-32 

    

 

“Discharge”   shall mean, with respect to any Shared Collateral and any Series of First   Lien Obligations, the date on which such Series of First Lien Obligations is   no longer secured by such Shared Collateral. The term “Discharged” shall have   a corresponding meaning. “Discharge of General Credit Facilities Obligations”   shall mean, (a) the payment in full in cash of all outstanding General Credit   Facilities Obligations (other than (x) Hedging Obligations under Secured   Hedge Agreements as to which arrangements reasonably satisfactory to the   applicable Hedge Bank shall have been made, (y) Cash Management Obligations   as to which arrangements reasonably satisfactory to the applicable Hedge Bank   shall have been made and (z) contingent indemnification obligations not yet   accrued and payable), but including, with respect to amounts available to be   drawn under outstanding letters of credit issued thereunder (or indemnities   or other undertakings issued pursuant thereto in respect of outstanding letters   of credit), the cancellation of such letters of credit or the delivery or   provision of cash collateral or backstop letters of credit in respect thereof   in compliance with the terms of the General Credit Facilities Credit   Agreement and (b) the termination of all commitments to extend credit under   the Cash Flow Documents; provided that the Discharge of General Credit   Facilities Obligations shall not be deemed to have occurred in connection   with a Refinancing of such General Credit Facilities Obligations with   additional First Lien Obligations secured by such Shared Collateral under an   Additional First Lien Agreement which has been designated in writing by the   Authorized Representative (under the General Credit Facilities Credit   Agreement so Refinanced) to the Applicable Authorized Representative and each   other Authorized Representative as the “General Credit Facilities Credit   Agreement” for purposes of this Agreement. “Disposition” shall have the   meaning assigned to such term in Section 2.04(b). “Event of Default” shall   mean an “Event of Default” (or similar defined term) as defined in any   Secured Credit Document. “First Lien Obligations” shall mean, collectively,   (i) the General Credit Facilities Obligations, (ii) the Initial Additional   First Lien Obligations and (iii) each Series of Additional First Lien   Obligations. “First Lien Secured Parties” shall mean, collectively, (i) the   General Credit Facilities Secured Parties, (ii) the Initial Additional First   Lien Secured Parties, and (iii) the Additional First Lien Secured Parties   with respect to each Series of Additional First Lien Obligations. “First Lien   Security Documents” shall mean each Security Agreement and any other   agreement, document or instrument pursuant to which a Lien is granted or   purported to be granted securing First Lien Obligations or under which rights   or remedies with respect to such Liens are governed. “General Credit   Facilities Collateral Agent” shall have the meaning assigned to such term in   the introductory paragraph of this Agreement. “General Credit Facilities   Credit Agreement” shall mean that certain Credit Agreement, dated as of   October 11, 2013, as amended, restated, extended, modified, Refinanced,   replaced and/or supplemented from time to time, among Activision Blizzard,   Inc., a Delaware corporation (the “Company”), the Grantors party thereto, the   lenders from time to time party thereto, the General Credit Facilities   Collateral Agent and the other parties thereto. I-1G-2-42 

    

 

“General Credit   Facilities Obligations” shall mean the “Obligations” as defined in the   General Credit Facilities Security Agreement. “General Credit Facilities   Secured Parties” shall mean the “Secured Parties” as defined in the General   Credit Facilities Credit Agreement. “General Credit Facilities Security   Agreement” shall mean that certain Security Agreement, dated as of October   11, 2013, as amended, restated, supplemented or otherwise modified from time   to time, by and among the Company, the other Grantors party thereto and the   General Credit Facilities Collateral Agent. “Grantors” shall mean the Company   and each subsidiary or direct or indirect parent company of the Company which   has granted a security interest pursuant to any First Lien Security Document   to secure any Series of First Lien Obligations. “Hedge Bank” shall mean any   Person that is a Lender (as defined in the General Credit Facilities Credit   Agreement) or an Affiliate of a Lender at the time it enters into a Secured   Hedge Agreement or a Treasury Services Agreement, as applicable, in its   capacity as a party thereto. “Impairment” shall have the meaning assigned to   such term in Section 1.01(b). “Initial Additional Authorized Representative”   shall have the meaning assigned to such term in the introductory paragraph to   this Agreement. “Initial Additional First Lien Agreements” shall mean the   [Indenture] [Other Agreement], dated as of [ ], 20[ ] and as amended,   restated, Refinanced, supplemented or otherwise modified from time to time,   among the Company, the Guarantors party thereto and the Initial Additional   Authorized Representative, and any other instrument, agreement or other   document evidencing or governing Obligations of the Company and the Grantors   thereunder or providing any guarantee, Lien or other right in respect   thereof. “Initial Additional First Lien Obligations” shall mean the [“Notes   Obligations”] as defined in the Initial Additional First Lien Agreements.   “Initial Additional First Lien Secured Parties” shall mean the holders of any   Initial Additional First Lien Obligations and the Initial Additional   Authorized Representative. “Initial Additional First Lien Security Agreement”   shall mean that certain Security Agreement, dated as of the date hereof, as   amended, restated, supplemented or otherwise modified from time to time, by and   among the Company, the other Grantors party thereto and the Initial   Additional Authorized Representative. “Insolvency or Liquidation Proceeding”   shall mean: (1) any case commenced by or against the Company or any other   Grantor under any Bankruptcy Law, any other proceeding for the   reorganization, recapitalization or adjustment or marshalling of the assets   or liabilities of the Company or any other Grantor, any receivership or   assignment for the benefit of creditors relating to the Company or any other Grantor   or any similar case or proceeding relative to the Company or any other   Grantor or its creditors, as such, in each case whether or not voluntary;   I-1G-2-52 

    

 

(2) any   liquidation, dissolution, marshalling of assets or liabilities or other   winding up of or relating to the Company or any other Grantor, in each case   whether or not voluntary and whether or not involving bankruptcy or   insolvency; or (3) any other proceeding of any type or nature in which   substantially all claims of creditors of the Company or any other Grantor are   determined and any payment or distribution is or may be made on account of   such claims. “Intervening Creditor” shall have the meaning assigned to such   term in Section 2.01(a). “Joinder Agreement” shall mean a completed   supplement to this Agreement substantially in the form of Exhibit A hereto.   “Lien” shall mean, with respect to any asset, any mortgage, lien (statutory   or otherwise), pledge, hypothecation, charge, security interest, preference,   priority or encumbrance of any kind in respect of such asset, whether or not   filed, recorded or otherwise perfected under applicable law, including any   conditional sale or other title retention agreement, any lease in the nature   thereof, any option or other agreement to sell or give a security interest in   and any filing of or agreement to give any financing statement under the   Uniform Commercial Code (or equivalent statutes) of any jurisdiction;   provided that in no event shall an operating lease be deemed to constitute a   Lien. “Major Non-Controlling Authorized Representative” shall mean, with   respect to any Shared Collateral, the Non-Controlling Authorized   Representative of the Series of Initial Additional First Lien Obligations or   Additional First Lien Obligations that constitutes the largest outstanding   principal amount of any then outstanding Series of Initial Additional First   Lien Obligations or Additional First Lien Obligations with respect to such   Shared Collateral; provided, however, that if there are two outstanding Series   of Initial Additional First Lien Obligations or Additional First Lien   Obligations which have an equal outstanding principal amount, the Series of   Initial Additional First Lien Obligations or Additional First Lien   Obligations with the earlier maturity date shall be considered to have the   larger outstanding principal amount for purposes of this definition. “New   York UCC” shall mean the Uniform Commercial Code as from time to time in   effect in the State of New York. “Non-Controlling Authorized Representative”   shall mean, at any time with respect to any Shared Collateral, any Authorized   Representative that is not the Applicable Authorized Representative at such   time with respect to such Shared Collateral. “Non-Controlling Authorized   Representative Enforcement Date” shall mean, with respect to any   Non-Controlling Authorized Representative, the date which is 90days   (throughout which 90 day period such Non-Controlling Authorized   Representative was the Major Non-Controlling Authorized Representative) after   the occurrence of both (i) an Event of Default (under and as defined in the   Secured Credit Document under which such Non-Controlling Authorized   Representative is the Authorized Representative) and (ii) each other   Authorized Representative’s receipt of written notice from such   Non-Controlling Authorized Representative certifying that (x) such   Non-Controlling Authorized Representative is the Major Non-Controlling   Authorized Representative and that an Event of Default (under and as defined   in the Secured Credit Document under which such Non-Controlling Authorized   Representative is the Authorized Representative) has occurred and is   continuing and (y) the First Lien Obligations of the Series with respect to   which such Non-Controlling Authorized Representative is the Authorized   Representative are currently due and payable in full (whether as a result of   acceleration thereof or otherwise) in accordance with the terms of the   applicable Secured Credit Document under I-1G-2-62 

    

 

which such   Non-Controlling Authorized Representative is the Authorized Representative;   provided that the Non-Controlling Authorized Representative Enforcement Date   shall be stayed and shall not occur and shall be deemed not to have occurred   with respect to any Shared Collateral (1) at any time the Applicable   Authorized Representative has commenced and is diligently pursuing any   enforcement action with respect to such Shared Collateral or (2) at any time   the Grantor which has granted a security interest in such Shared Collateral   is then a debtor under or with respect to (or otherwise subject to) any   Insolvency or Liquidation Proceeding. “Non-Controlling Secured Parties” shall   mean, with respect to any Shared Collateral, the First Lien Secured Parties   which are not Controlling Secured Parties with respect to such Shared   Collateral. “Obligations” shall mean (i) any principal (including any   accretion), interest (including any interest accruing subsequent to the   filing of a petition in bankruptcy, reorganization or similar proceeding at   the rate provided for in the documentation with respect thereto, whether or   not such interest is an allowed claim under applicable state, federal or   foreign law), penalties, fees, indemnifications, reimbursements (including   reimbursement obligations with respect to letters of credit and banker’s   acceptances), damages and other liabilities, and guarantees of payment of   such principal (including any accretion), interest, penalties, fees,   indemnifications, reimbursements, damages and other liabilities, payable   under the documentation governing any Indebtedness, (ii) Hedging Obligations   and (iii) Cash Management Obligations. “Proceeds” shall have the meaning   assigned to such term in Section 2.01(a). “Refinance” shall mean, in respect   of any indebtedness, to refinance, extend, renew, defease, amend, increase,   modify, supplement, restructure, refund, replace, restate or repay, or to   issue other indebtedness or enter into one or more alternative financing   arrangements, in exchange or replacement for such indebtedness (in whole or   in part), including by adding or replacing lenders, creditors, agents,   borrowers and/or guarantors, and including in each case, but not limited to,   after the original instrument giving rise to such indebtedness has been   terminated and including, in each case, through any credit agreement,   indenture or other agreement. “Refinanced” and “Refinancing” shall have   correlative meanings. “Secured Credit Documents” shall mean (i) the General   Credit Facilities Credit Agreement and the Loan Documents (as defined in the   General Credit Facilities Credit Agreement), (ii) the Initial Additional   First Lien Agreements and (iii) each Additional First Lien Agreement.   “Secured Hedge Agreement” shall mean any Hedge Contract that is entered into   by and between any Grantor and any Hedge Bank. “Security Agreements” shall   mean (i) the General Credit Facilities Security Agreement, (ii) the Initial   Additional First Lien Security Agreement and (iii) any security agreement   with respect to any Additional First Lien Agreement. “Series” shall mean (a)   with respect to the First Lien Secured Parties, each of (i) the General   Credit Facilities Secured Parties (in their capacities as such), (ii) the   Initial Additional First Lien Secured Parties (in their capacities as such)   and (iii) the Additional First Lien Secured Parties that become subject to   this Agreement after the date hereof that are represented by a common   Authorized Representative (in its capacity as such for such Additional First   Lien Secured Parties) and (b) with respect to any First Lien Obligations,   each of (i) the General Credit Facilities Obligations, (ii) the Initial   I-1G-2-72 

    

 

Additional   First Lien Obligations and (iii) the Additional First Lien Obligations   incurred pursuant to any Additional First Lien Agreements, which, pursuant to   any Joinder Agreement, are to be represented hereunder by a common Authorized   Representative (in its capacity as such for such Additional First Lien   Obligations). “Shared Collateral” shall mean, at any time, Collateral in   which the holders of two or more Series of First Lien Obligations (or their   respective Authorized Representatives) hold a valid and perfected security   interest or Lien at such time. If more than two Series of First Lien Obligations   are outstanding at any time and the holders of less than all Series of First   Lien Obligations hold a valid and perfected security interest or Lien in any   Collateral at such time, then such Collateral shall constitute Shared   Collateral for those Series of First Lien Obligations that hold a valid and   perfected security interest or Lien in such Collateral at such time and shall   not constitute Shared Collateral for any Series which does not have a valid   and perfected security interest or Lien in such Collateral at such time.   “Treasury Services Agreement” shall mean any agreement between any Grantor   and any Hedge Bank relating to commercial credit or debit card, merchant   card, or purchasing card programs (including non-card e-payables services),   or treasury, depository, or cash management services (including automatic   clearing house transfer of funds, overdraft, controlled disbursement,   electronic funds transfer, lockbox, stop payment, return item and wire   transfer services). ARTICLE II Priorities and Agreements with Respect to   Shared Collateral SECTION 2.01 Priority of Claims. (a) Anything contained   herein or in any of the Secured Credit Documents to the contrary   notwithstanding (but subject to Section 1.01(b) of this Agreement), if an   Event of Default has occurred and is continuing, and the Applicable   Authorized Representative or any First Lien Secured Party is taking action to   enforce rights in respect of any Shared Collateral, or any distribution is   made in respect of any Shared Collateral in any Bankruptcy Case of any   Grantor or any First Lien Secured Party receives any payment pursuant to any   intercreditor agreement (other than this Agreement) with respect to any   Shared Collateral, the proceeds of any sale, collection or other liquidation   of any such Shared Collateral by any First Lien Secured Party are received by   the Applicable Authorized Representative or any First Lien Secured Party   pursuant to any such intercreditor agreement with respect to such Shared   Collateral and proceeds of any such distribution (subject, in the case of any   such distribution, to the sentence immediately following) to which the First   Lien Obligations are entitled under any intercreditor agreement (other than   this Agreement) (all proceeds of any sale, collection or other liquidation of   any Shared Collateral and all proceeds of any such distribution being   collectively referred to as “Proceeds”), shall be applied (i) FIRST, to the   payment of all amounts owing to any Authorized Representative, as applicable   (in its capacity as such) pursuant to the terms of any Secured Credit   Document, (ii) SECOND, subject to Section 1.01(b), to the payment in full of   the First Lien Obligations of each Series on a ratable basis in accordance   with the terms of the applicable Secured Credit Documents and (iii) THIRD,   any balance of such Proceeds remaining after the application pursuant to   preceding clauses (i) and (ii), to the Grantors, their successors or assigns,   or as a court of competent jurisdiction may otherwise direct. Notwithstanding   the foregoing, with respect to any Shared Collateral for which a third party   (other than a First Lien Secured Party) has a lien or security interest that   is junior in priority to the security interest of any Series of First Lien   Obligations but senior (as determined by appropriate legal proceedings in the   case of any dispute) to the security interest of any other Series of First   Lien Obligations (such third party an “Intervening Creditor”), the value of   any Shared Collateral or Proceeds which are allocated to such Intervening   I-1G-2-82 

    

 

Creditor shall   be deducted on a ratable basis solely from the Shared Collateral or Proceeds   to be distributed in respect of the Series of First Lien Obligations with   respect to which such Impairment exists. If, despite the provisions of this   Section 2.01(a), any First Lien Secured Party shall receive any payment or   other recovery in excess of its portion of payments on account of the First   Lien Obligations to which it is then entitled in accordance with this Section   2.01(a), such First Lien Secured Party shall hold such payment or recovery in   trust for the benefit of all First Lien Secured Parties holding a security   interest in the Shared Collateral for distribution in accordance with this   Section 2.01(a). (b) The First Lien Secured Parties hereby acknowledge that   the First Lien Obligations of any Series may, subject to the limitations set   forth in this Agreement and the then extant Secured Credit Documents, be   increased, extended, renewed, replaced, restated, supplemented, restructured,   repaid, refunded, Refinanced or otherwise amended or modified from time to   time, all without affecting the priorities set forth in Section 2.01(a) or   the provisions of this Agreement defining the relative rights of the First   Lien Secured Parties of any Series. (c) Notwithstanding the date, time,   method, manner or order of grant, attachment or perfection of any Liens   securing any Series of First Lien Obligations granted on the Shared   Collateral and notwithstanding any provision of the Uniform Commercial Code   of any jurisdiction, or any other applicable law or the Secured Credit   Documents or any defect or deficiencies in the Liens securing the First Lien   Obligations of any Series or any other circumstance whatsoever (but, in each   case, subject to Section 1.01(b)), each First Lien Secured Party hereby   agrees that the Liens securing each Series of First Lien Obligations on any   Shared Collateral shall be of equal priority. (d) Notwithstanding anything in   this Agreement or any other First Lien Security Documents to the contrary,   Collateral consisting of cash and cash equivalents pledged to secure General   Credit Facilities Obligations consisting of reimbursement obligations in   respect of Letters of Credit or otherwise held by the General Credit Facilities   Collateral Agent pursuant to Section 2.03(g), 2.17 or Article VIII of the   General Credit Facilities Credit Agreement (or any equivalent successor   provisions) shall be applied as specified in the General Credit Facilities   Credit Agreement and will not constitute Shared Collateral. SECTION 2.02   Actions With Respect to Shared Collateral; Prohibition on Contesting Liens.   (a) With respect to any Shared Collateral, (i) only the Applicable Authorized   Representative shall act or refrain from acting with respect to the Shared   Collateral (including with respect to any intercreditor agreement with   respect to any Shared Collateral), (ii) the Applicable Authorized   Representative shall not be required to follow any instructions with respect   to such Shared Collateral (including with respect to any intercreditor   agreement with respect to any Shared Collateral) from any Non-Controlling   Authorized Representative (or any other First Lien Secured Party other than   the Applicable Authorized Representative) and (iii) no Non-Controlling   Authorized Representative or other First Lien Secured Party (other than the   Applicable Authorized Representative) shall or shall instruct the Applicable   Authorized Representative to, commence any judicial or nonjudicial   foreclosure proceedings with respect to, seek to have a trustee, receiver,   liquidator or similar official appointed for or over, attempt any action to   take possession of, exercise any right, remedy or power with respect to, or   otherwise take any action to enforce its security interest in or realize   upon, or take any other action available to it in respect of, any Shared   Collateral (including with respect to any intercreditor agreement with   respect to any Shared Collateral), whether under any First Lien Security   Document, applicable law or otherwise, it being agreed that only the   Applicable Authorized Representative, shall be entitled to take any such   actions or exercise any such remedies with respect to Shared Collateral.   Notwithstanding the equal priority of the Liens, the Applicable Authorized   Representative may deal with the Shared Collateral as if such Applicable   I-1G-2-92 

    

 

Authorized   Representative had a senior Lien on such Collateral. No Non-Controlling   Authorized Representative or Non-Controlling Secured Party will contest,   protest or object to any foreclosure proceeding or action brought by the   Applicable Authorized Representative or Controlling Secured Party or any   other exercise by the Applicable Authorized Representative or Controlling   Secured Party of any rights and remedies relating to the Shared Collateral,   or to cause the Applicable Authorized Representative to do so. The foregoing   shall not be construed to limit the rights and priorities of any First Lien   Secured Party, Applicable Authorized Representative or any Authorized   Representative with respect to any Collateral not constituting Shared   Collateral. SECTION 2.03 No Interference; Payment Over. (a) Each First Lien   Secured Party (by accepting the benefits of this Agreement) agrees that (i) it   will not challenge or question or support any other Person in challenging or   questioning, in any proceeding the validity or enforceability of any First   Lien Obligations of any Series or any First Lien Security Document or the   validity, attachment, perfection or priority of any Lien under any First Lien   Security Document or the validity or enforceability of the priorities, rights   or duties established by or other provisions of this Agreement; provided that   nothing in this Agreement shall be construed to prevent or impair the rights   of any First Lien Secured Party from challenging or questioning the validity   or enforceability of any First Lien Obligations constituting unmatured   interest or the validity of any Lien relating thereto pursuant to Section   502(b)(2) of the Bankruptcy Code, (ii) it will not take or cause to be taken   any action the purpose or intent of which is, or could be, to interfere,   hinder or delay, in any manner, whether by judicial proceedings or otherwise,   any sale, transfer or other disposition of the Shared Collateral by the   Applicable Authorized Representative, (iii) except as provided in Section   2.02, it shall have no right to (A) direct the Applicable Authorized   Representative or any other First Lien Secured Party to exercise, and shall not   exercise any right, remedy or power with respect to any Shared Collateral   (including pursuant to any intercreditor agreement) or (B) consent to the   exercise by the Applicable Authorized Representative or any other First Lien   Secured Party of any right, remedy or power with respect to any Shared   Collateral, (iv) it will not institute any suit or assert in any suit,   bankruptcy, insolvency or other proceeding any claim against the Applicable   Authorized Representative or any other First Lien Secured Party seeking   damages from or other relief by way of specific performance, instructions or   otherwise with respect to any Shared Collateral, and none of the Applicable   Authorized Representative or any other First Lien Secured Party shall be   liable for any action taken or omitted to be taken by the Applicable   Authorized Representative or other First Lien Secured Party with respect to   any Shared Collateral in accordance with the provisions of this Agreement,   (v) it will not seek, and hereby waives any right, to have any Shared   Collateral or any part thereof marshaled upon any foreclosure or other   disposition of such Collateral and (vi) it will not attempt, directly or   indirectly, whether by judicial proceedings or otherwise, to challenge the   enforceability of any provision of this Agreement; provided that nothing in   this Agreement shall be construed to prevent or impair the rights of the   Applicable Authorized Representative or any other First Lien Secured Party to   enforce this Agreement. (b) Each First Lien Secured Party (by accepting the   benefits of this Agreement) hereby agrees that if it shall obtain possession   of any Shared Collateral or shall realize any proceeds or payment in respect   of any such Shared Collateral, pursuant to any First Lien Security Document   or by the exercise of any rights available to it under applicable law or in   any Insolvency or Liquidation Proceeding or through any other exercise of   remedies (including pursuant to any intercreditor agreement ), at any time   prior to the Discharge of each of the First Lien Obligations, then it shall   hold such Shared Collateral, proceeds or payment in trust for the other First   Lien Secured Parties having a security interest in the Shared Collateral and   promptly transfer such Shared Collateral, proceeds or payment, as the case   may be, to the Applicable Authorized Representative, to be distributed by the   Applicable Authorized Representative in accordance with the provisions of   Section 2.01 hereof. I-1G-2-102 

    

 

SECTION 2.04   Automatic Release of Liens. (a) If, at any time any Shared Collateral is   transferred to a third party or otherwise disposed of, in each case, in   connection with any enforcement by the Applicable Authorized Representative   in accordance with the provisions of this Agreement, then (whether or not any   Insolvency or Liquidation Proceeding is pending at the time) the Liens in   favor of the other Authorized Representatives for the benefit of each Series   of First Lien Secured Parties upon such Shared Collateral will automatically   be released and discharged upon final conclusion of any foreclosure   proceeding as and when, but only to the extent, such Liens of the Applicable   Authorized Representative on such Shared Collateral are released and   discharged; provided that any proceeds of any Shared Collateral realized   therefrom shall be applied pursuant to Section 2.01 hereof. (b) Until the   Discharge of General Credit Facilities Obligations, if in connection with any   (i) sale, lease, exchange, transfer or other disposition of any Collateral by   any Grantor (collectively, a “Disposition”) permitted under the terms of the   General Credit Facilities Credit Agreement (whether or not an Event of   Default thereunder, and as defined therein, has occurred and is continuing)   and not expressly prohibited under the terms of the other Secured Credit   Documents or (ii) any agreement between the General Credit Facilities   Collateral Agent and the Company or any other Grantor to release the General   Credit Facilities Collateral Agent’s Lien on any portion of the Shared   Collateral or to release any Grantor from its obligations under its guaranty   of the General Credit Facilities Obligations (other than in connection with   an enforcement action or other exercise of the General Credit Facilities   Collateral Agent’s remedies in respect of the Shared Collateral which shall   be governed by Section 2.04(a)), the General Credit Facilities Collateral   Agent, for itself or on behalf of any of the General Credit Facilities   Secured Parties, releases any of its Liens on any part of the Shared   Collateral, or releases any guarantor from its obligations under its guaranty   of the General Credit Facilities Obligations, then the Liens, if any, of each   Non-Controlling Authorized Representative, for itself or for the benefit of   any Non-Controlling Secured Parties, on such Shared Collateral, and the   obligations of such guarantor under its guaranty of the other First Lien   Obligations, shall be automatically, unconditionally and simultaneously   released. Each Non-Controlling Authorized Representative, for itself or on   behalf of any such Non-Controlling Secured Parties, promptly shall execute   and deliver to the General Credit Facilities Collateral Agent or such Grantor   such termination statements, releases and other documents and take all such   further actions as the General Credit Facilities Collateral Agent or such   Grantor may reasonably request to effectively confirm such release. (c) Each   Authorized Representative agrees to execute and deliver (at the sole cost and   expense of the Grantors) all such authorizations and other instruments as   shall reasonably be requested by the Applicable Authorized Representative to   evidence and confirm any release of Shared Collateral provided for in this   Section. SECTION 2.05 Certain Agreements With Respect to Bankruptcy or   Insolvency Proceedings. (a) This Agreement shall continue in full force and   effect notwithstanding the commencement of any proceeding under the   Bankruptcy Code or any other Federal, state or foreign bankruptcy, insolvency,   receivership or similar law by or against the Company or any of its   subsidiaries. (b) If any Grantor shall become subject to a case (a   “Bankruptcy Case”) under the Bankruptcy Code and shall, as   debtor(s)-in-possession, move for approval of financing (“DIP Financing”) to   be provided by one or more lenders (the “DIP Lenders”) under Section 364 of   the Bankruptcy Code or any similar provision in any Bankruptcy Law or the use   of cash collateral under Section 363 of the Bankruptcy Code I-1G-2-112 

    

 

or any similar   provision in any Bankruptcy Law, each First Lien Secured Party (other than   any Controlling Secured Party or any Authorized Representative of any   Controlling Secured Party (to the extent such Controlling Secured Party is part   of the majority or such greater amount referred to below)) (by accepting the   benefits of this Agreement) agrees that it will raise no objection to any   such financing or to the Liens on the Shared Collateral securing the same   (“DIP Financing Liens”) or to any use of cash collateral that constitutes   Shared Collateral, unless a majority in interest of the Controlling Secured   Parties (or such greater amount as is necessary to take action under the   applicable Loan Document or Other First Lien Documents), or an Authorized   Representative of any Controlling Secured Party, shall then oppose or object   to such DIP Financing or such DIP Financing Liens or use of cash collateral   (and (i) to the extent that such DIP Financing Liens are senior to the Liens   on any such Shared Collateral for the benefit of the Controlling Secured   Parties, each Non-Controlling Secured Party will subordinate its Liens (other   than any Liens of any First Lien Secured Parties constituting DIP Financing   Liens) with respect to such Shared Collateral on the same terms as the Liens   of the Controlling Secured Parties are subordinated thereto, and (ii) to the   extent that such DIP Financing Liens rankpari passu with the Liens on any   such Shared Collateral granted to secure the First Lien Obligations of the   Controlling Secured Parties, each Non-Controlling Secured Party will confirm   the priorities with respect to such Shared Collateral as set forth herein),   in each case so long as (A) the First Lien Secured Parties of each Series   retain the benefit of their Liens on all such Shared Collateral pledged to   the DIP Lenders, including proceeds thereof arising after the commencement of   such proceeding, with the same priority vis-a-vis all the other First Lien   Secured Parties (other than any Liens of the First Lien Secured Parties   constituting DIP Financing Liens) as existed prior to the commencement of the   Bankruptcy Case, (B) the First Lien Secured Parties of each Series are   granted Liens on any additional collateral pledged to any First Lien Secured   Parties as adequate protection or otherwise in connection with such DIP   Financing or use of cash collateral, with the same priority vis-a-vis the   First Lien Secured Parties as set forth in this Agreement, (C) if any amount   of such DIP Financing or cash collateral is applied to repay any of the First   Lien Obligations, such amount is applied pursuant to Section 2.01(a) of this   Agreement, and (D) if any First Lien Secured Parties are granted adequate   protection with respect to the First Lien Obligations subject hereto,   including in the form of periodic payments, in connection with such DIP   Financing or use of cash collateral, the proceeds of such adequate protection   are applied pursuant to Section 2.01(a) of this Agreement; provided that the   First Lien Secured Parties of each Series shall have a right to object to the   grant of a Lien to secure the DIP Financing over any Collateral subject to   Liens in favor of the First Lien Secured Parties of such Series or its   Authorized Representative that shall not constitute Shared Collateral; and   provided, further, that the First Lien Secured Parties receiving adequate   protection shall not object to any other First Lien Secured Party receiving   adequate protection comparable to any adequate protection granted to such   First Lien Secured Parties in connection with a DIP Financing or use of cash   collateral. SECTION 2.06 Reinstatement. In the event that any of the First   Lien Obligations shall be paid in full and such payment or any part thereof   shall subsequently, for whatever reason (including an order or judgment for   disgorgement of a preference under Title 11 of the Bankruptcy Code, or any   similar law, or the settlement of any claim in respect thereof), be required   to be returned or repaid, the terms and conditions of this Article II shall   be fully applicable thereto until all such First Lien Obligations shall again   have been paid in full in cash. SECTION 2.07 Insurance. As between the First   Lien Secured Parties, the Applicable Authorized Representative shall have the   right to adjust or settle any insurance policy or claim covering or   constituting Shared Collateral in the event of any loss thereunder and to   approve any award granted in any condemnation or similar proceeding affecting   the Shared Collateral. SECTION 2.08 Refinancings. The First Lien Obligations   of any Series may, subject to the limitations set forth in the then extant   Secured Credit Documents, be Refinanced, in whole or in I-1G-2-122 

    

 

part, or   otherwise amended or modified from time to time, in each case, without notice   to, or the consent (except to the extent a consent is otherwise required to   permit the Refinancing transaction under any Secured Credit Document) of any   First Lien Secured Party of any other Series, all without affecting the   priorities provided for herein or the other provisions hereof; provided that   the Authorized Representative of the holders of any such Refinancing   indebtedness shall have executed a Joinder Agreement on behalf of the holders   of such Refinancing indebtedness. SECTION 2.09 Control Collateral Agent as   Gratuitous Bailee for Perfection. (a) The Control Collateral shall be   delivered to the Applicable Authorized Representative and the Applicable   Authorized Representative agrees to hold any Shared Collateral constituting   Control Collateral in its possession or control (or in the possession or   control of its agents or bailees) as gratuitous bailee for the benefit of   each other First Lien Secured Party and any assignee solely for the purpose   of perfecting the security interest granted in such Control Collateral, if   any, pursuant to the applicable First Lien Security Documents, in each case,   subject to the terms and conditions of this Section 2.09. Pending delivery or   transfer of control to the Applicable Authorized Representative, each other   Authorized Representative agrees to hold any Shared Collateral constituting   Control Collateral, from time to time in its possession or control, as   gratuitous bailee for the benefit of each other First Lien Secured Party and   any assignee, solely for the purpose of perfecting the security interest   granted in such Control Collateral, if any, pursuant to the applicable First   Lien Security Documents, in each case, subject to the terms and conditions of   this Section 2.09. Notwithstanding the equal priority of the Liens on such   Control Collateral securing First Lien Obligations, the Applicable Authorized   Representative may deal with such Collateral as if the Liens thereon in favor   of the First Lien Secured Parties of any other Series do not exist; provided   that the Proceeds arising therefrom shall be subject to application in   accordance with Section 2.01(a) hereof. (b) The duties or responsibilities of   the Applicable Authorized Representative and each other Authorized   Representative under this Section 2.09 shall be limited solely to holding any   Shared Collateral constituting Control Collateral as gratuitous bailee for   the benefit of each other First Lien Secured Party for purposes of perfecting   the Lien held by such First Lien Secured Parties therein. SECTION 2.10   Amendments to First Lien Security Documents. (a) Without the prior written   consent of the General Credit Facilities Collateral Agent, each other   Authorized Representative agrees that no First Lien Security Document (other   than the General Credit Facilities Security Agreement or any other First Lien   Security Document in respect of the General Credit Facilities Obligations)   may be amended, supplemented or otherwise modified or entered into to the   extent such amendment, supplement or modification, or the terms of any new   First Lien Security Document (other than the General Credit Facilities   Security Agreement or any other First Lien Security Document in respect of   the General Credit Facilities Obligations) would be prohibited by, or would   require any Grantor to act or refrain from acting in a manner that would   violate, any of the terms of this Agreement. (b) Without the prior written   consent of each Authorized Representative (other than the General Credit   Facilities Collateral Agent), the General Credit Facilities Collateral Agent   agrees that no First Lien Security Document in respect of the General Credit   Facilities Obligations (including the General Credit Facilities Security   Agreement) may be amended, supplemented or otherwise modified or entered into   to the extent such amendment, supplement or modification, or the terms of any   new First Lien Security Document in respect of the General Credit Facilities   Obligations (including the General I-1G-2-132 

    

 

Credit   Facilities Security Agreement) would be prohibited by, or would require any   Grantor to act or refrain from acting in a manner that would violate, any of   the terms of this Agreement. (c) In determining whether an amendment to any   First Lien Security Document is permitted by this Section 2.10, each   Authorized Representative may conclusively rely on an officer’s certificate   of the Company stating that such amendment is permitted by this Section 2.10.   ARTICLE III Existence and Amounts of Liens and Obligations Whenever the   Applicable Authorized Representative or any Authorized Representative shall   be required, in connection with the exercise of its rights or the performance   of its obligations hereunder, to determine the existence or amount of any   First Lien Obligations of any Series, or the Shared Collateral subject to any   Lien securing the First Lien Obligations of any Series, it may request that   such information be furnished to it in writing by each other Authorized   Representative and shall be entitled to make such determination on the basis   of the information so furnished; provided, however, that if an Authorized   Representative shall fail or refuse reasonably promptly to provide the   requested information, the requesting Authorized Representative or Authorized   Representative shall be entitled to make any such determination or not make   any determination by such method as it may, in the exercise of its good faith   judgment, determine, including by reliance upon a certificate of the Company.   The Applicable Authorized Representative and each Authorized Representative   may rely conclusively, and shall be fully protected in so relying, on any   determination made by it in accordance with the provisions of the preceding   sentence (or as otherwise directed by a court of competent jurisdiction) and   shall have no liability to any Grantor, any First Lien Secured Party or any   other person as a result of such determination, except as may result from   such Authorized Representative’s bad faith, gross negligence or willful   misconduct. ARTICLE IV The Applicable Authorized Representative SECTION 4.01   Appointment and Authority. (a) Each of the First Lien Secured Parties (by   accepting the benefits of this Agreement) hereby irrevocably appoints the   Applicable Authorized Representative to act on its behalf as the Applicable   Authorized Representative hereunder and under each of the other First Lien   Security Documents and authorizes the Applicable Authorized Representative to   take such actions on its behalf and to exercise such powers as are delegated   to the Applicable Authorized Representative by the terms hereof or thereof,   including for purposes of enforcing any and all Liens on Collateral granted   by any Grantor to secure any of the First Lien Obligations, together with   such powers and discretion as are reasonably incidental thereto. In this   connection, the Applicable Authorized Representative and any co-agents,   sub-agents and attorneys-in-fact appointed by the Applicable Authorized   Representative pursuant to Section 4.05 for purposes of enforcing any Lien on   the Collateral (or any portion thereof) granted under any of the First Lien   Security Documents, or for exercising any rights and remedies thereunder,   shall be entitled to the benefits of all provisions of this Article IV and   Section 10.04 of the General Credit Facilities Credit Agreement and the   equivalent provision of any Additional First Lien Agreement (as though such   co-agents, sub-agents and attorneys-in-fact were the “Collateral Agent” under   the First Lien Security Documents) as if set forth in full herein with respect   thereto. I-1G-2-142 

    

 

(b) Each   Non-Controlling Secured Party acknowledges and agrees that the Applicable   Authorized Representative shall be entitled, for the benefit of the First   Lien Secured Parties, to sell, transfer or otherwise dispose of or deal with   any Shared Collateral as provided herein and in the First Lien Security   Documents, as applicable, for which the Applicable Authorized Representative   is the collateral agent for such Shared Collateral, without regard to any   rights to which any Non-Controlling Secured Party would otherwise be entitled   to as a holder of any First Lien Obligations. Without limiting the foregoing,   each Non-Controlling Secured Party agrees that neither the Applicable   Authorized Representative nor any other First Lien Secured Party shall have   any duty or obligation first to marshal or realize upon any type of Shared   Collateral (or any other Collateral securing any of the First Lien   Obligations), or to sell, dispose of or otherwise liquidate all or any   portion of such Shared Collateral (or any other Collateral securing any First   Lien Obligations), in any manner that would maximize the return to the   Non-Controlling Secured Parties, notwithstanding that the order and timing of   any such realization, sale, disposition or liquidation may affect the amount   of proceeds actually received by the Non-Controlling Secured Parties from   such realization, sale, disposition or liquidation. Except with respect to   any actions expressly prohibited or required to be taken by this Agreement,   each of the First Lien Secured Parties waives any claim it may now or   hereafter have against the Applicable Authorized Representative or any other   First Lien Secured Party of any other Series arising out of (i) any actions   which the Applicable Authorized Representative or any First Lien Secured   Party takes or omits to take (including, actions with respect to the   creation, perfection or continuation of Liens on any Collateral, actions with   respect to the foreclosure upon, sale, release or depreciation of, or failure   to realize upon, any of the Collateral and actions with respect to the   collection of any claim for all or any part of the First Lien Obligations   from any account debtor, guarantor or any other party) in accordance with the   First Lien Security Documents or any other agreement related thereto or to   the collection of the First Lien Obligations or the valuation, use,   protection or release of any security for the First Lien Obligations, (ii)   any election by the Applicable Authorized Representative or any holders of   First Lien Obligations, in any proceeding instituted under the Bankruptcy   Code, of the application of Section 1111(b) of the Bankruptcy Code or (iii)   subject to Section 2.05, any borrowing by, or grant of a security interest or   administrative expense priority under Section 364 of the Bankruptcy Code by,   the Company or any of its subsidiaries, as debtor-in-possession.   Notwithstanding any other provision of this Agreement, no Authorized   Representative shall accept any Shared Collateral in full or partial   satisfaction of any First Lien Obligations pursuant to Section 9-620 of the   Uniform Commercial Code of any jurisdiction, without the consent of the   Applicable Authorized Representative. SECTION 4.02 Rights as a First Lien   Secured Party. (a) The First Lien Secured Parties shall indemnify upon demand   the Applicable Authorized Representative and each of its Agent-Related   Persons (to the extent not reimbursed by or on behalf of any Grantor and   without limiting the obligation of any Grantor to do so), pro rata, and hold   harmless each such Agent-Related Person from and against any and all   liabilities incurred by it in connection with the performance of its duties   under this Agreement and any Secured Credit Document such First Lien Secured   Parties benefit from; provided that no First Lien Secured Party shall be   liable for the payment to any Agent-Related Person of any portion of such   indemnified liabilities resulting from such Agent-Related Person’s own gross   negligence or willful misconduct, as determined by the final judgment of a   court of competent jurisdiction. In the case of any investigation, litigation   or proceeding giving rise to any indemnified liabilities, this applies   whether any such investigation, litigation or proceeding is brought by any   First Lien Secured Party or any other Person. Without limitation of the   foregoing, each First Lien Secured Party shall reimburse the Applicable   Authorized Representative upon demand for its ratable share of any costs or   out-of-pocket expenses (including attorney costs) incurred by the Applicable   Authorized Representative in connection with the preparation, execution,   delivery, administration, modification, amendment or enforcement (whether   through negotiations, legal proceedings or otherwise) of, or legal advice in   respect of rights or responsibilities under, this Agreement, any other   Secured Credit I-1G-2-152 

    

 

Document, or   any document contemplated by or referred to herein, to the extent that the   Applicable Authorized Representative is not reimbursed for such expenses by   or on behalf of the Grantors. The undertaking in this Section shall survive   termination of this Agreement and the resignation of the Applicable   Authorized Representative. SECTION 4.03 Exculpatory Provisions. (a) The   Applicable Authorized Representative shall not have any duties or obligations   to the First Lien Secured Parties except those expressly set forth herein.   Without limiting the generality of the foregoing, the Applicable Authorized   Representative: (i) shall not be subject to any fiduciary or other implied   duties, regardless of whether a Default or an Event of Default has occurred   and is continuing; (ii) shall not have any duty to take any discretionary   action or exercise any discretionary powers, except discretionary rights and   powers expressly contemplated hereby; provided that the Applicable Authorized   Representative shall not be required to take any action that, in its opinion   or the opinion of its counsel, may expose the Applicable Authorized   Representative to liability or expense or that is contrary to this Agreement,   any First Lien Security Document or applicable law; (iii) shall not, except   as expressly set forth herein, have any duty to disclose, and shall not be   liable for the failure to disclose, any information relating to the Company   or any of its Affiliates that is communicated to or obtained by the Person   serving as the Applicable Authorized Representative or any of its Affiliates   in any capacity; (iv) shall not be liable for any action taken or not taken   by it (A) in the absence of its own gross negligence or willful misconduct   (as determined in the final judgment of a court of competent jurisdiction) or   (B) in reliance on a certificate of an authorized officer of the Company   stating that such action is permitted by the terms of this Agreement. The   Applicable Authorized Representative shall be deemed not to have knowledge of   any Default or Event of Default under any Series of First Lien Obligations   unless and until written notice describing such Default or Event of Default   is given to the Applicable Authorized Representative by the Authorized   Representative of such First Lien Obligations or any Grantor; and (v) shall   not be responsible for or have any duty to ascertain or inquire into (A) any   statement, warranty or representation made in or in connection with this   Agreement or any other Secured Credit Document, (B) the contents of any   certificate, report or other document delivered hereunder or thereunder or in   connection herewith or therewith, (C) the performance or observance of any of   the covenants, agreements or other terms or conditions set forth herein or   therein or the occurrence of any Default or Event of Default, (D) the   validity, enforceability, effectiveness or genuineness of this Agreement, any   other Secured Credit Document or any other agreement, instrument or document,   or the creation, perfection or priority of any Lien purported to be created   by the First Lien Security Documents, (E) the value or the sufficiency of any   Collateral for any Series of First Lien Obligations, or (F) the satisfaction   of any condition set forth in any Secured Credit Document. I-1G-2-162 

    

 

SECTION 4.04   Reliance by Applicable Authorized Representative. The Applicable Authorized   Representative shall be entitled to rely upon, and shall not incur any   liability for relying upon, any notice, request, certificate, consent,   statement, instrument, document or other writing (including any electronic   message, Internet or intranet website posting or other distribution) believed   by it to be genuine and to have been signed, sent or otherwise authenticated   by the proper Person. The Applicable Authorized Representative also may rely   upon any statement made to it orally or by telephone and believed by it to   have been made by the proper Person, and shall not incur any liability for   relying thereon. The Applicable Authorized Representative may consult with   legal counsel (who may be counsel for the Company or any Affiliate thereof),   independent accountants and other experts selected by it, and shall not be liable   for any action taken or not taken by it in accordance with the advice of any   such counsel, accountants or experts. SECTION 4.05 Delegation of Duties. The   Applicable Authorized Representative may perform any and all of its duties   and exercise its rights and powers hereunder by or through any one or more   sub-agents appointed by the Applicable Authorized Representative. The   Applicable Authorized Representative and any such sub-agent may perform any   and all of its duties and exercise its rights and powers by or through their   respective Affiliates. The exculpatory provisions of this Article shall apply   to any such sub-agent and to the Affiliates of the Applicable Authorized   Representative and any such sub-agent. SECTION 4.06 Non-Reliance on   Applicable Authorized Representative and other First Lien Secured Parties.   Each First Lien Secured Party (by accepting the benefits of this Agreement)   acknowledges that it has, independently and without reliance upon the   Applicable Authorized Representative, any Authorized Representative or any   other First Lien Secured Party or any of their Affiliates and based on such   documents and information as it has deemed appropriate, made its own credit   analysis and decision to enter into this Agreement and the other Secured   Credit Documents. Each First Lien Secured Party (by accepting the benefits of   this Agreement) also acknowledges that it will, independently and without   reliance upon the Applicable Authorized Representative, any Authorized   Representative or any other First Lien Secured Party or any of their   Affiliates and based on such documents and information as it shall from time   to time deem appropriate, continue to make its own decisions in taking or not   taking action under or based upon this Agreement, any other Secured Credit   Document or any related agreement or any document furnished hereunder or   thereunder. SECTION 4.07 Collateral and Guaranty Matters. I-1G-2-172 

    

 

Each of the   First Lien Secured Parties irrevocably authorizes the Applicable Authorized Representative,   at its option and in its discretion, (a) to release any Lien on any property   granted to or held by the Applicable Authorized Representative under any   First Lien Security Document in accordance with Section 2.04 hereof or upon   receipt of a written request from the Company stating that the releases of   such Lien is permitted by the terms of each then extant Secured Credit   Document; and (b) to release any Grantor from its obligations under any First   Lien Security Documents under which the Applicable Authorized Representative   is the Authorized Representative for the applicable First Lien Secured   Parties thereunder upon receipt of a written request from the Company stating   that such release is permitted by the terms of each then extant Secured Credit   Document. ARTICLE V Miscellaneous SECTION 5.01 Notices. All notices and other   communications provided for herein shall be in writing and shall be delivered   by hand or overnight courier service, mailed by certified or registered mail   or sent by facsimile, as follows: (a) if to the General Credit Facilities   Collateral Agent, to: Bank of America, N.A. [ ] Attention: [ ] Facsimile no:   [ ] E-Mail Address: [ ] (b) if to the Initial Additional Authorized   Representative, to: [Reserved] I-1G-2-182 

    

 

EXHIBIT H   [Reserved] Attention: [ Facsimile no: [ ] ] E-Mail Address: [ ] (c) if to any   other Authorized Representative, to it at the address set forth in the   applicable Joinder Agreement. Any party hereto may change its address or   facsimile number for notices and other communications hereunder by notice to   the other parties hereto. All notices and other communications given to any   party hereto in accordance with the provisions of this Agreement shall be   deemed to have been given on the date of receipt (if a Business Day) and on   the next Business Day thereafter (in all other cases) if delivered by hand or   overnight courier service or sent by facsimile or on the date five Business   Days after dispatch by certified or registered mail if mailed, in each case delivered,   sent or mailed (properly addressed) to such party as provided in this Section   5.01 or in accordance with the latest unrevoked direction from such party   given in accordance with this Section 5.01. As agreed to in writing by each   Authorized Representative from time to time, notices and other communications   may also be delivered by e-mail to the e-mail address of a representative of   the applicable person provided from time to time by such person. SECTION 5.02   Waivers; Amendment; Joinder Agreements. (a) No failure or delay on the part   of any party hereto in exercising any right or power hereunder shall operate   as a waiver thereof, nor shall any single or partial exercise of any such   right or power, or any abandonment or discontinuance of steps to enforce such   a right or power, preclude any other or further exercise thereof or the   exercise of any other right or power. The rights and remedies of the parties   hereto are cumulative and are not exclusive of any rights or remedies that   they would otherwise have. No waiver of any provision of this Agreement or   consent to any departure by any party therefrom shall in any event be   effective unless the same shall be permitted by paragraph (b) of this   Section, and then such waiver or consent shall be effective only in the   specific instance and for the purpose for which given. No notice or demand on   any party hereto in any case shall entitle such party to any other or further   notice or demand in similar or other circumstances. (b) Neither this   Agreement nor any provision hereof may be terminated, waived, amended or   modified (other than pursuant to any Joinder Agreement) except pursuant to an   agreement or agreements in writing entered into by each Authorized   Representative and, with respect to any such termination, waiver, amendment   or modification which by the terms of this Agreement requires the Company’s   consent or which increases the obligations or reduces the rights of the   Company or any other Grantor, the Company. (c) Notwithstanding the foregoing,   without the consent of any First Lien Secured Party, any Authorized   Representative may become a party hereto by execution and delivery of a   Joinder Agreement in the form of Exhibit A hereto and upon such execution and   delivery, such Authorized Representative and the Additional First Lien   Secured Parties and Additional First Lien Obligations of the Series for which   such Authorized Representative is acting shall be subject to the terms   hereof. (d) Notwithstanding the foregoing, without the consent of any other   Authorized Representative or First Lien Secured Party, the Applicable   Authorized Representative and the Company may effect amendments and   modifications to this Agreement to the extent necessary to reflect any   incurrence of any Additional H-1 

    

 

First Lien   Obligations in compliance with the General Credit Facilities Credit Agreement   and the other Secured Credit Documents. SECTION 5.03 Parties in Interest.   This Agreement shall be binding upon and inure to the benefit of the parties   hereto and their respective successors and assigns, as well as the other   First Lien Secured Parties, all of whom are intended to be bound by, and to   be third party beneficiaries of, this Agreement. SECTION 5.04 Survival of   Agreement. All covenants, agreements, representations and warranties made by   any party in this Agreement shall be considered to have been relied upon by   the other parties hereto and shall survive the execution and delivery of this   Agreement. SECTION 5.05 Counterparts. This Agreement may be executed in counterparts,   each of which shall constitute an original but all of which when taken   together shall constitute a single contract. Delivery of an executed   signature page to this Agreement by facsimile or electronic transmission   shall be as effective as delivery of a manually signed counterpart of this   Agreement. SECTION 5.06 Severability. Any provision of this Agreement held to   be invalid, illegal or unenforceable in any jurisdiction shall, as to such   jurisdiction, be ineffective to the extent of such invalidity, illegality or   unenforceability without affecting the validity, legality and enforceability   of the remaining provisions hereof; and the invalidity of a particular   provision in a particular jurisdiction shall not invalidate such provision in   any other jurisdiction. The parties shall endeavor in good-faith negotiations   to replace the invalid, illegal or unenforceable provisions with valid   provisions the economic effect of which comes as close as possible to that of   the invalid, illegal or unenforceable provisions. SECTION 5.07 Governing Law;   Jurisdiction; Consent to Service of Process. (a) This Agreement shall be   construed in accordance with and governed by the law of the State of New   York. SECTION 5.08 Submission To Jurisdiction Waivers. Each Authorized Representative,   on behalf of itself and the First Lien Secured Parties of the Series for whom   it is acting, irrevocably and unconditionally: (a) submits for itself and its   property in any legal action or proceeding relating to this Agreement, or for   recognition and enforcement of any judgment in respect thereof, to the   exclusive general jurisdiction of the courts of the State of New York in the   County of New York, Borough of Manhattan, the courts of the United States of   America for the Southern District of New York, and appellate courts from any   thereof; (b) consents that any such action or proceeding shall be brought in   such courts and waives any objection that it may now or hereafter have to the   venue of any such action or proceeding in any such court or that such action   or proceeding was brought in an inconvenient court and agrees not to plead or   claim the same and agrees not to commence or support any such legal action or   proceeding in any other jurisdiction; (c) agrees that service of process in   any such action or proceeding may be effected by mailing a copy thereof by   registered or certified mail (or any substantially similar form of mail),   postage prepaid, to such Person (or its Authorized Representative) at the   address referred to in Section 5.01; H-20 

    

 

(d) agrees that   nothing herein shall affect the right of any other party hereto (or any First   Lien Secured Party) to effect service of process in any other manner   permitted by law; and (e) waives, to the maximum extent not prohibited by   law, any right it may have to claim or recover in any legal action or   proceeding referred to in this Section 5.08 any special, indirect, exemplary,   punitive or consequential damages. SECTION 5.09 WAIVER OF JURY TRIAL. EACH   PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN   ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND FOR ANY   COUNTERCLAIM THEREIN. SECTION 5.10 Headings. Article, Section and Annex   headings used herein are for convenience of reference only, are not part of   this Agreement and are not to affect the construction of, or to be taken into   consideration in interpreting, this Agreement. SECTION 5.11 Conflicts. In the   event of any conflict or inconsistency between the provisions of this   Agreement and the provisions of any of the other Secured Credit Documents or   First Lien Security Documents, the provisions of this Agreement shall   control. SECTION 5.12 Provisions Solely to Define Relative Rights. The   provisions of this Agreement are and are intended solely for the purpose of   defining the relative rights of the First Lien Secured Parties in relation to   one another. None of the Company, any other Grantor or any other creditor   thereof shall have any rights or obligations hereunder, except as expressly   provided in this Agreement, and none of the Company or any other Grantor may   rely on the terms hereof (other than Sections 2.04, 2.05, 2.08, 2.09 and   Articles V and VI). Nothing in this Agreement is intended to or shall impair   the obligations of any Grantor, which are absolute and unconditional, to pay   the First Lien Obligations as and when the same shall become due and payable   in accordance with their terms. SECTION 5.13 Integration. This Agreement   represents the agreement of each of the Grantors and the First Lien Secured   Parties with respect to the subject matter hereof and there are no promises,   undertakings, representations or warranties by the Applicable Authorized   Representative, any Authorized Representative or any other First Lien Secured   Party relative to the subject matter hereof not expressly set forth or   referred to herein. SECTION 5.14 Incorporation by Reference. In connection   with its execution and acting hereunder, the Initial Additional Authorized   Representative is entitled to all rights, benefits, protections, immunities,   privileges and indemnities provided to it as [trustee] [agent] under the   Initial Additional First Lien Agreements. ARTICLE VI Additional First Lien   Obligations SECTION 6.01 Additional First Lien Obligations. The Company may   from time to time, subject to any limitations contained in any Secured Credit   Documents in effect at such time, designate additional indebtedness and   related obligations that are secured by Liens on any assets of the Grantors   that would constitute Shared Collateral as Additional First Lien Obligations   by delivering to the Applicable Authorized Representative for the benefit of   the First Lien Secured Parties a certificate of an authorized officer of the   Company: H-21 

    

 

(a) describing   the indebtedness and other obligations being designated as Additional First   Lien Obligations and the initial aggregate principal amount or face amount   thereof as of the date of such certificate; (b) setting forth the Additional   First Lien Agreements under which such Additional First Lien Obligations are   issued or incurred or the Guarantees of or Liens securing such Additional   First Lien Obligations are, or are to be, granted or created, and attaching   copies of such Additional First Lien Agreements as each Grantor has executed   and delivered to the Person that serves as the collateral agent, collateral   trustee or a similar representative for the holders of such Additional First   Lien Obligations (such Person being referred to as the “Additional Authorized   Representative”) with respect to such Additional First Lien Obligations on   the closing date of such Additional First Lien Obligations, certified as   being true and complete by an authorized officer of the Company; (c)   identifying the Person that serves as the Additional Authorized   Representative; (d) certifying that the incurrence of such Additional First   Lien Obligations, the creation of the Liens securing such Additional First   Lien Obligations and the designation of such Additional First Lien   Obligations as “Additional First Lien Obligations” hereunder do not violate   or result in a default under any provision of any Secured Credit Document in   effect at such time; and (e) attaching a fully completed Joinder Agreement   executed and delivered by the Additional Authorized Representative. Upon the   delivery of such certificate and the related attachments as provided above,   the obligations designated in such notice shall become Additional First Lien   Obligations for all purposes of this Agreement. [Remainder of this page   intentionally left blank] H-22 

    

 

EXHIBIT I IN   WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly   executed by their respective authorized officers as of the day and year first   above written. [Reserved] BANK OF AMERICA, N.A., as General Credit Facilities   Collateral Agent and Authorized Representative for the General Credit   Facilities Secured Parties By: Name: Title: I-1-1 SIGNATURE PAGE TO FIRST   LIEN INTERCREDITOR AGREEMENT 

    

 

[ ], as Initial   Additional Authorized Representative By: Name: Title: I-1-25 SIGNATURE PAGE   TO FIRST LIEN INTERCREDITOR AGREEMENT 

    

 

ACTIVISION   BLIZZARD, INC. By: Name: Title: [GRANTORS] By: Name: Title: I-1-26 SIGNATURE   PAGE TO FIRST LIEN INTERCREDITOR AGREEMENT 

    

 

EXHIBIT A [FORM   OF] JOINDER AGREEMENT NO. [ ] dated as of [ ], 20[ ] (the “Joinder   Agreement”) to the FIRST LIEN INTERCREDITOR AGREEMENT dated as of [ ] (the   “Intercreditor Agreement”), among ACTIVISION BLIZZARD, INC., a Delaware   corporation, the other Grantors (as defined therein) party hereto, BANK OF   AMERICA, N.A., as the General Credit Facilities Collateral Agent and as   Authorized Representative for the General Credit Facilities Secured Parties,   [ ], as the Initial Additional Authorized Representative, and each ADDITIONAL   AUTHORIZED REPRESENTATIVE from time to time party thereto. A. Capitalized   terms used herein but not otherwise defined herein shall have the meanings   assigned to such terms in the Intercreditor Agreement. B. The Company   proposes to issue or incur Additional First Lien Obligations and the Person   identified in the signature pages hereto as the “Additional Authorized   Representative” (the “Additional Authorized Representative”) will serve as the   collateral agent, collateral trustee or a similar representative for the   Additional Secured Parties. The Additional First Lien Obligations are being   designated as such by the Company in accordance with Article VI of the First   Lien Intercreditor Agreement. C. The Additional Authorized Representative   wishes to become a party to the First Lien Intercreditor Agreement and to   acquire and undertake, for itself and on behalf of the Additional First Lien   Secured Parties, the rights and obligations of an “Additional Authorized   Representative” thereunder. The Additional Authorized Representative is   entering into this Joinder Agreement in accordance with the provisions of the   First Lien Intercreditor Agreement in order to become an Additional   Authorized Representative thereunder. Accordingly, the Additional Authorized   Representative and the Company agree as follows, for the benefit of the   Additional Authorized Representative, the Company and each other party to the   First Lien Intercreditor Agreement: SECTION 1. Accession to the Intercreditor   Agreement. The Additional Authorized Representative (a) hereby accedes and   becomes a party to the First Lien Intercreditor Agreement as an Additional   Authorized Representative for the Additional First Lien Secured Parties from time   to time in respect of the Additional First Lien Obligations, (b) agrees, for   itself and on behalf of the Additional First Lien Secured Parties from time   to time in respect of the Additional First Lien Obligations, to all the terms   and provisions of the First Lien Intercreditor Agreement and (c) shall have   all the rights and obligations of an Additional Authorized Representative   under the First Lien Intercreditor Agreement. SECTION 2. Representations,   Warranties and Acknowledgement of the Additional Authorized Representative.   The Additional Authorized Representative represents and warrants to the   Authorized Representatives and the other parties to the First Lien   Intercreditor Agreement that (a) it has full power and authority to enter   into this Joinder Agreement, in its capacity as the Additional Authorized   Representative, (b) this Joinder Agreement has been duly authorized, executed   and delivered by it and constitutes its legal, valid and binding obligation,   enforceable against it in accordance with the terms of this Joinder Agreement   and (c) the Additional First Lien Agreements relating to such Additional   First Lien Obligations provide that, upon the Additional Authorized   Representative’s entry into this Joinder Agreement, the secured parties in   respect of such Additional First Lien Obligations will be subject to and   bound by the provisions of the First Lien Intercreditor Agreement as   Additional First Lien Secured Parties. I-J-1-1 Exhibit A-1 

    

 

SECTION 3.   Counterparts. This Joinder Agreement may be executed in multiple   counterparts, each of which shall constitute an original, but all of which   when taken together shall constitute a single contract. This Joinder   Agreement shall become effective when each Authorized Representative shall have   received a counterpart of this Joinder Agreement that bears the signature of   the Additional Authorized Representative. Delivery of an executed signature   page to this Joinder Agreement by facsimile or other electronic transmission   shall be effective as delivery of a manually signed counterpart of this   Joinder Agreement. SECTION 4. Benefit of Agreement. The agreements set forth   herein or undertaken pursuant hereto are for the benefit of, and may be   enforced by, any party to the First Lien Intercreditor Agreement. SECTION 5.   Governing Law. THIS JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN   ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. SECTION 6. Severability.   Any provision of this Joinder Agreement held to be invalid, illegal or   unenforceable in any jurisdiction shall, as to such jurisdiction, be   ineffective to the extent of such invalidity, illegality or unenforceability   without affecting the validity, legality and enforceability of the remaining   provisions hereof or of the First Lien Intercreditor Agreement; and the   invalidity of a particular provision in a particular jurisdiction shall not   invalidate such provision in any other jurisdiction. The parties shall   endeavor in good-faith negotiations to replace the invalid, illegal or   unenforceable provisions with valid provisions the economic effect of which   comes as close as possible to that of the invalid, illegal or unenforceable   provisions. SECTION 7. Notices. All communications and notices hereunder   shall be in writing and given as provided in Section 5.01 of the First Lien   Intercreditor Agreement. All communications and notices hereunder to the   Additional Authorized Representative shall be given to it at the address set   forth under its signature hereto, which information supplements Section 5.01   of the First Lien Intercreditor Agreement. I-J-1-2 Exhibit A-2 

    

 

IN WITNESS   WHEREOF, the Additional Authorized Representative has duly executed this   Joinder Agreement to the First Lien Intercreditor Agreement as of the day and   year first above written. [NAME OF ADDITIONAL AUTHORIZED REPRESENTATIVE], as   ADDITIONAL AUTHORIZED REPRESENTATIVE for the ADDITIONAL FIRST LIEN SECURED   PARTIES By: Name: Title: Address for notices: attention of: Telecopy: I-J-1-3   Exhibit A-3 

    

 

Acknowledged   by: BANK OF AMERICA, N.A., as General Credit Facilities Collateral Agent By:   Name: Title: By: Name: Title: [ ], as Initial Additional Authorized   Representative By: Name: Title: [EACH OTHER ADDITIONAL AUTHORIZED   REPRESENTATIVE, as Additional Authorized Representative By: Name: Title:   ACTIVISION BLIZZARD, INC. By: Name: Title: [GRANTORS] By: Name: Title I-J-1-4   Exhibit A-4 

    

 

EXHIBIT I-2   [FORM OF] SECOND LIEN INTERCREDITOR AGREEMENT among ACTIVISION BLIZZARD,   INC., as Borrower, the other Grantors party hereto, BANK OF AMERICA, N.A., as   Senior Representative for the General Credit Facilities Secured Parties, [ ],   as the Initial Additional Second Priority Representative, and each additional   Representative from time to time party hereto dated as of [ ], 20[ ] I-2-1 

    

 

SECOND LIEN   INTERCREDITOR AGREEMENT dated as of [ ], 201[ ] (as amended, supplemented or   otherwise modified from time to time, this “Agreement”), among ACTIVISION   BLIZZARD, INC., a Delaware corporation (the “Borrower”), the other Grantors   (as defined below) from time to time party hereto, BANK OF AMERICA, N.A., as   Senior Representative for the General Credit Facilities Secured Parties (in   such capacity, the “Administrative Agent”), [ ],as Representative for the   Initial Second Priority Debt Parties (in such capacity and together with its   successors in such capacity, the “Initial Second Priority Representative”),   [[ ], as Representative for the Additional Senior Debt Parties under the   [describe applicable Additional Senior Debt Facility]], and each additional   Second Priority Representative and Senior Representative that from time to   time becomes a party hereto pursuant to Section 8.9. In consideration of the   mutual agreements herein contained and other good and valuable consideration,   the receipt and sufficiency of which are hereby acknowledged, the   Administrative Agent (for itself and on behalf of the General Credit   Facilities Secured Parties), the Initial Second Priority Representative (for   itself and on behalf of the Initial Second Priority Debt Parties) and each   additional Senior Representative (for itself and on behalf of the Additional   Senior Debt Parties under the applicable Additional Senior Debt Facility) and   each additional Second Priority Representative (for itself and on behalf of   the Second Priority Debt Parties under the applicable Second Priority Debt   Facility) agree as follows: 1. Definitions 1.1. Certain Defined Terms.   Capitalized terms used but not otherwise defined herein have the meanings set   forth in the Credit Agreement or, if defined in the New York UCC, the meanings   specified therein. As used in this Agreement, the following terms have the   meanings specified below: “Additional Senior Debt” means any Indebtedness   that is issued or guaranteed by the Borrower, and/or any Guarantor (other   than Indebtedness constituting Credit Agreement Obligations) which   Indebtedness and Guarantees are secured by the Senior Collateral (or a   portion thereof) on a pari passu basis (but without regard to control of   remedies) with the Credit Agreement Obligations; provided, however, that (i) such   Indebtedness is permitted to be incurred, secured and guaranteed on such   basis by each then extant Senior Debt Document and Second Priority Debt   Document and (ii) the Senior Representative for the holders of such   Indebtedness shall have (A) executed and delivered this Agreement as of the   date hereof or become party to this Agreement pursuant to, and by satisfying   the conditions set forth in, Section 8.9 hereof and (B) become a party to the   First Lien Intercreditor Agreement pursuant to, and by satisfying the   conditions set forth in, Article VI thereof. Additional Senior Debt shall   include any Registered Equivalent Notes and Guarantees thereof by the   Guarantors issued in exchange therefor. “Additional Senior Debt Documents”   means, with respect to any series, issue or class of Additional Senior Debt,   the promissory notes, indentures, the Senior Collateral Documents or other   operative agreements evidencing or governing such Indebtedness. I-2-36 

    

 

“Additional   Senior Debt Facility” means each indenture, credit agreement or other   governing agreement with respect to any Additional Senior Debt. “Additional   Senior Debt Obligations” means, with respect to any series, issue or class of   Additional Senior Debt, all amounts owing pursuant to the terms of such   Additional Senior Debt, including, without limitation, the obligation   (including guarantee obligations) to pay principal, interest (including   interest, fees and expenses that accrue after the commencement of a   Bankruptcy Case, regardless of whether such interest is an allowed claim   under such Bankruptcy Case), letter of credit commissions, reimbursement   obligations, charges, expenses, fees, attorneys costs, indemnities and other   amounts payable by a Grantor under any Additional Senior Debt Document.   “Additional Senior Debt Parties” means, with respect to any series, issue or   class of Additional Senior Debt, the holders of such Indebtedness, the Senior   Representative with respect thereto, any trustee or agent therefor under any   related Additional Senior Debt Documents and the beneficiaries of each   indemnification obligation undertaken by the Borrower or any Guarantor under   any related Additional Senior Debt Documents. “Administrative Agent” has the   meaning assigned to such term in the introductory paragraph of this Agreement   and shall include any successor Administrative Agent. “Agreement” has the   meaning assigned to such term in the introductory paragraph of this   Agreement. “Bankruptcy Case” means a case under the Bankruptcy Code or any   other Bankruptcy Law. “Bankruptcy Code” means Title 11 of the United States   Code, as amended, or any similar federal or state law for the relief of   debtors. “Bankruptcy Law” means the Bankruptcy Code and any similar federal, state   or foreign law for the relief of debtors. “Borrower” has the meaning assigned   to such term in the introductory paragraph of this Agreement. “Class Debt”   has the meaning assigned to such term in Section 8.9. “Class Debt Parties”   has the meaning assigned to such term in Section 8.9. “Class Debt   Representatives” has the meaning assigned to such term in Section 8.9.   “Collateral” means the Senior Collateral and the Second Priority Collateral.   “Collateral Documents” means the Senior Collateral Documents and the Second   Priority Collateral Documents. I-2-37 

    

 

“Credit   Agreement” means that certain Credit Agreement, dated as of October 11, 2013,   among the Borrower, the lenders from time to time party thereto, the   Administrative Agent and the other parties thereto, as further amended,   restated, amended and restated, extended, supplemented, Refinanced or   otherwise modified from time to time. “Credit Agreement Loan Documents” means   the Credit Agreement and the other “Loan Documents” as defined in the Credit   Agreement. “Credit Agreement Obligations” means the “Obligations” as defined   in the Credit Agreement. “Debt Facility” means any Senior Facility and any   Second Priority Debt Facility. “Designated Second Priority Representative”   means (i) the Initial Second Priority Representative, until such time as the   Second Priority Debt Facility under the Initial Second Priority Debt   Documents ceases to be the only Second Priority Debt Facility under this   Agreement and (ii) thereafter, the Second Priority Representative designated   from time to time by the Second Priority Majority Representatives, in a   notice to the Designated Senior Representative and the Borrower hereunder, as   the “Designated Second Priority Representative” for purposes hereof.   “Designated Senior Representative” means (i) if at any time there is only one   Senior Representative for a Senior Facility with respect to which the   Discharge of Senior Obligations has not occurred, such Senior Representative   and (ii) at any time when clause (i) does not apply, the Applicable   Authorized Representative (as defined in the First Lien Intercreditor   Agreement) at such time. “DIP Financing” has the meaning assigned to such   term in Section 6.1. “Discharge” means, with respect to any Shared Collateral   and any Debt Facility, the date on which such Debt Facility and the Senior   Obligations or Second Priority Debt Obligations thereunder, as the case may   be, are no longer secured by such Shared Collateral pursuant to the terms of   the documentation governing such Debt Facility. The term “Discharged” shall   have a corresponding meaning. “Discharge of Credit Agreement Obligations”   means, with respect to any Shared Collateral, the Discharge of the Credit   Agreement Obligations with respect to such Shared Collateral; provided that   the Discharge of Credit Agreement Obligations shall not be deemed to have   occurred in connection with a Refinancing of such Credit Agreement   Obligations with an Additional Senior Debt Facility secured by such Shared   Collateral under one or more Additional Senior Debt Documents which has been   designated in writing by the Administrative Agent (under the Credit Agreement   so Refinanced) to the Designated Senior Representative as the “Credit   Agreement” for purposes of this Agreement. “Discharge of Senior Obligations”   means the date on which the Discharge of Credit Agreement Obligations and the   Discharge of each Additional Senior Debt Facility has occurred. I-2-38 

    

 

“First Lien   Intercreditor Agreement” has the meaning assigned to the term “Intercreditor   Agreement” in the Credit Agreement. “General Credit Facilities Secured   Parties” means the “Secured Parties” as defined in the Credit Agreement.   “Grantors” means the Borrower and each Subsidiary or direct or indirect   parent company of the Borrower which has granted a security interest pursuant   to any Collateral Document to secure any Secured Obligations. The Grantors   existing on the date hereof are set forth in Annex I hereto. “Guarantors” has   the meaning assigned to such term in the Credit Agreement. “Initial Second   Priority Debt” means the Second Priority Debt incurred pursuant to the   Initial Second Priority Debt Documents. “Initial Second Priority Debt   Documents” means that certain Indenture dated as of [ ], 201[ ], among the   Borrower, [the Guarantors identified therein,] [ ], as [trustee], and [ ], as   [paying agent, registrar and transfer agent]] and any notes, security   documents and other operative agreements evidencing or governing such   Indebtedness, including any agreement entered into for the purpose of   securing the Initial Second Priority Debt Obligations. “Initial Second   Priority Debt Obligations” means the Second Priority Debt Obligations arising   pursuant to the Initial Second Priority Debt Documents. “Initial Second   Priority Debt Parties” means the holders of any Initial Second Priority Debt   Obligations and the Initial Second Priority Representative. “Initial Second   Priority Representative” has the meaning assigned to such term in the   introductory paragraph to this Agreement. “Insolvency or Liquidation   Proceeding” means: (1) any case commenced by or against the Borrower or any   other Grantor under any Bankruptcy Law, any other proceeding for the   reorganization, recapitalization or adjustment or marshaling of the assets or   liabilities of the Borrower or any other Grantor, any receivership or   assignment for the benefit of creditors relating to the Borrower or any other   Grantor or any similar case or proceeding relative to the Borrower or any   other Grantor or its creditors, as such, in each case whether or not   voluntary; (2) any liquidation, dissolution, marshaling of assets or   liabilities or other winding up of or relating to the Borrower or any other   Grantor, in each case whether or not voluntary and whether or not involving   bankruptcy or insolvency; or (3) any other proceeding of any type or nature   in which substantially all claims of creditors of the Borrower or any other   Grantor are determined and any payment or distribution is or may be made on   account of such claims. I-2-39 

    

 

 

“Intellectual   Property” has the meaning assigned to such term in the Security Agreement.   “Joinder Agreement” means a supplement to this Agreement in substantially the   form of Annex III or Annex IV hereof. “Lien” means, with respect to any   asset, any mortgage, lien (statutory or otherwise), pledge, hypothecation,   charge, security interest, preference, priority or encumbrance of any kind in   respect of such asset, whether or not filed, recorded or otherwise perfected   under applicable law, including any conditional sale or other title retention   agreement, any lease in the nature thereof, any option or other agreement to   sell or give a security interest in and any filing of or agreement to give   any financing statement under the Uniform Commercial Code (or equivalent   statutes) of any jurisdiction; provided that in no event shall an operating   lease be deemed to constitute a Lien. “Major Second Priority Representative”   means, with respect to any Shared Collateral, the Second Priority   Representative of the series of Second Priority Debt that (a) constitutes the   largest outstanding principal amount of any then outstanding series of Second   Priority Debt with respect to such Shared Collateral and (b) is larger in   principal amount than the largest outstanding principal amount of any then   outstanding series of Indebtedness constituting Senior Obligations with   respect to such Shared Collateral. “New York UCC” means the Uniform   Commercial Code as from time to time in effect in the State of New York.   “Officer’s Certificate” means a certificate of an authorized officer of the   Borrower. “Person” means any individual, corporation, limited liability   company, partnership, joint venture, association, joint stock company, trust,   unincorporated organization, government or any agency or political   subdivision thereof or any other entity. “Pledged or Controlled Collateral”   has the meaning assigned to such term in Section 5.5.1. “Proceeds” means the   proceeds of any sale, collection or other liquidation of Shared Collateral   and any payment or distribution made in respect of Shared Collateral in a   Bankruptcy Case and any amounts received by any Senior Representative or any   Senior Secured Party from a Second Priority Debt Party in respect of Shared   Collateral pursuant to this Agreement. “Purchase Event” has the meaning   assigned to such term in Section 5.7. “Recovery” has the meaning assigned to   such term in Section 6.4. “Refinance” means, in respect of any indebtedness,   to refinance, extend, renew, defease, amend, increase, modify, supplement, restructure,   refund, replace or repay, or to issue other indebtedness or enter into one or   more alternative financing arrangements, in exchange or I-2-40 

    

 

replacement for   such indebtedness (in whole or in part), including by adding or replacing   lenders, creditors, agents, borrowers and/or guarantors, and including in   each case, but not limited to, after the original instrument giving rise to   such indebtedness has been terminated and including, in each case, through   any credit agreement, indenture or other agreement. “Refinanced” and   “Refinancing” have correlative meanings. “Registered Equivalent Notes” means,   with respect to any notes originally issued in a Rule 144A or other private   placement transaction under the Securities Act of 1933, substantially   identical notes (having the same Guarantees) issued in a dollar-for-dollar   exchange therefor pursuant to an exchange offer registered with the SEC.   “Replacement Senior Obligations” has the meaning assigned to such term in   Section 8.10. “Representatives” means the Senior Representatives and the   Second Priority Representatives. “SEC” means the United States Securities and   Exchange Commission and any successor agency thereto. “Second Priority Class   Debt” has the meaning assigned to such term in Section 8.9. “Second Priority   Class Debt Parties” has the meaning assigned to such term in Section 8.9.   “Second Priority Class Debt Representative” has the meaning assigned to such   term in Section 8.9. “Second Priority Collateral” means any “Collateral” (or   similar term) as defined in any Second Priority Debt Document or any other   assets of the Borrower or any other Grantor with respect to which a Lien is   granted or purported to be granted pursuant to a Second Priority Collateral   Document as security for any Second Priority Debt Obligation. “Second   Priority Collateral Documents” means the Initial Second Priority Collateral   Documents and each of the collateral agreements, security agreements and   other instruments and documents executed and delivered by the Borrower or any   other Grantor for purposes of providing collateral security for any Second   Priority Debt Obligation. “Second Priority Debt” means any Indebtedness of   the Borrower or any other Grantor guaranteed by the Guarantors (and not   guaranteed by any Subsidiary that is not a Guarantor), including the Initial   Second Priority Debt, which Indebtedness and guarantees are secured by the   Second Priority Collateral on a pari passu basis (but without regard to   control of remedies, other than as provided by the terms of the applicable   Second Priority Debt Documents) with any other Second Priority Debt   Obligations and the applicable Second Priority Debt Documents which provide   that such Indebtedness and guarantees are to be secured by such Second   Priority Collateral on a subordinate basis to the Senior Obligations (and   which is not secured by Liens on any assets of the Borrower or any other   Grantor other than the Second I-2-41 

    

 

Priority   Collateral or which are not included in the Senior Collateral); provided,   however, that (i) such Indebtedness is permitted to be incurred, secured and   guaranteed on such basis by each Senior Debt Document and Second Priority   Debt Document and (ii) except in the case of the Initial Second Priority Debt   hereunder, the Second Priority Representative for the holders of such   Indebtedness shall have become party to this Agreement pursuant to, and by   satisfying the conditions set forth in, Section 8.9 hereof. Second Priority   Debt shall include any Registered Equivalent Notes and Guarantees thereof by   the Guarantors issued in exchange therefor. “Second Priority Debt Documents”   means, with respect to any series, issue or class of Second Priority Debt,   the promissory notes, indentures, the Second Priority Collateral Documents or   other operative agreements evidencing or governing such Indebtedness,   including the Initial Second Priority Debt Documents. “Second Priority Debt   Facility” means each indenture, credit agreement or other governing agreement   with respect to any Second Priority Debt. “Second Priority Debt Obligations”   means, with respect to any series, issue or class of Second Priority Debt,   all amounts owing pursuant to the terms of such Second Priority Debt,   including, without limitation, the obligation (including guarantee   obligations) to pay principal, interest (including interest, fees and   expenses that accrues after the commencement of a Bankruptcy Case, regardless   of whether such interest is an allowed claim under such Bankruptcy Case),   letter of credit commissions, reimbursement obligations, charges, expenses,   fees, attorneys costs, indemnities and other amounts payable by a Grantor   under any Second Priority Debt Document. “Second Priority Debt Parties” means   the Initial Second Priority Debt Parties and, with respect to any series,   issue or class of Second Priority Debt incurred after the date hereof, the   holders of such Indebtedness, the Second Priority Representative with respect   thereto, any trustee or agent therefor under any related Second Priority Debt   Documents and the beneficiaries of each indemnification obligation undertaken   by the Borrower or any other Grantor under any related Second Priority Debt   Documents. “Second Priority Enforcement Date” means, with respect to any   Second Priority Representative, the date which is 180 days (through which 180   day period such Second Priority Representative was the Major Second Priority   Representative) after the occurrence of both (i) an Event of Default (under   and as defined in the Second Priority Debt Document for which such Second   Priority Representative is the Major Second Priority Representative) and (ii)   the Designated Senior Representative’s and each other Representative’s   receipt of written notice from such Second Priority Representative that (x)   such Second Priority Representative is the Major Second Priority   Representative and that an Event of Default (under and as defined in the   Second Priority Debt Document for which such Second Priority Representative   is the Major Second Priority Representative) has occurred and is continuing   and (y) the Second Priority Debt Obligations of the series with respect to   which such Second Priority Representative is the Major Second Priority   Representative are currently due and payable in full (whether as a result of   acceleration thereof or otherwise) in accordance with the terms of the   applicable Second Priority Debt Document; provided that the Second Priority   Enforcement Date shall be stayed and shall not occur and shall be deemed not   to have occurred with respect to any Shared Collateral (1) at I-2-42 

    

 

any time the   Designated Senior Representative has commenced and is diligently pursuing any   enforcement action with respect to such Shared Collateral or (2) at any time   the Grantor which has granted a security interest in such Shared Collateral   is then a debtor under or with respect to (or otherwise subject to) any   Insolvency or Liquidation Proceeding. “Second Priority Majority   Representatives” means the Second Priority Representatives representing at   least a majority of the aggregate amount of Second Priority Debt Obligations   then outstanding that agree to vote together or direct or instruct the   Designated Second Priority Representative together. “Second Priority Lien”   means the Liens on the Second Priority Collateral in favor of Second Priority   Debt Parties under Second Priority Collateral Documents. “Second Priority   Representative” means (i) in the case of the Initial Second Priority Debt   Obligations covered hereby, the Initial Second Priority Representative and (ii)   in the case of any Second Priority Debt Facility incurred after the date   hereof, the Second Priority Debt Parties thereunder, the trustee,   administrative agent, collateral agent, security agent or similar agent under   such Second Priority Debt Facility that is named as the Second Priority   Representative in respect of such Second Priority Debt Facility in the   applicable Joinder Agreement. “Secured Obligations” means the Senior   Obligations and the Second Priority Debt Obligations. “Secured Parties” means   the Senior Secured Parties and the Second Priority Debt Parties. “Senior   Class Debt” has the meaning assigned to such term in Section 8.9. “Senior   Class Debt Parties” has the meaning assigned to such term in Section 8.9.   “Senior Class Debt Representative” has the meaning assigned to such term in   Section 8.9. “Senior Collateral” means any “Collateral” (or similar term) as   defined in any Credit Agreement Loan Document, “Collateral” (or similar term)   as defined in any other Senior Debt Document or any other assets of the   Borrower or any other Grantor with respect to which a Lien is granted or   purported to be granted pursuant to a Senior Collateral Document as security   for any Senior Obligations. “Senior Collateral Documents” means the Security   Agreement, the other “Collateral Documents” as defined in the Credit   Agreement, the other “Secured Credit Documents” as defined in the First Lien   Intercreditor Agreement pursuant to which a Lien on the Senior Collateral is   or is purported to be granted and each of the collateral agreements, security   agreements and other instruments and documents executed and delivered by the   Borrower or any other Grantor for purposes of providing collateral security   for any Senior Obligation. I-2-43 

    

 

“Senior Debt   Documents” means (a) the Credit Agreement Loan Documents and (b) any   Additional Senior Debt Documents. “Senior Facilities” means the Credit   Agreement and any Additional Senior Debt Facilities. “Senior Lien” means the   Liens on the Senior Collateral in favor of the Senior Secured Parties under   the Senior Collateral Documents. “Senior Obligations” means the Credit   Agreement Obligations and any Additional Senior Debt Obligations. “Senior   Representative” means (i) in the case of any Credit Agreement Obligations or   the General Credit Facilities Secured Parties, the Administrative Agent and   (ii) in the case of any Additional Senior Debt Facility and the Additional   Senior Debt Parties thereunder (including with respect to any Additional   Senior Debt Facility initially covered hereby on the date of this Agreement),   the trustee, administrative agent, collateral agent, security agent or   similar agent under such Additional Senior Debt Facility that is named as the   Senior Representative in respect of such Additional Senior Debt Facility   hereunder or in the applicable Joinder Agreement. “Senior Secured Parties”   means the General Credit Facilities Secured Parties and any Additional Senior   Debt Parties. “Shared Collateral” means, at any time, Collateral in which the   holders of Senior Obligations under at least one Senior Facility (or their   Senior Representatives) and the holders of Second Priority Debt Obligations   under at least one Second Priority Debt Facility (or their Second Priority   Representatives) hold a security interest at such time (or, in the case of   the Senior Facilities, are deemed pursuant to Article 2 to hold a security   interest). If, at any time, any portion of the Senior Collateral under one or   more Senior Facilities does not constitute Second Priority Collateral under   one or more Second Priority Debt Facilities, then such portion of such Senior   Collateral shall constitute Shared Collateral only with respect to the Second   Priority Debt Facilities for which it constitutes Second Priority Collateral and   shall not constitute Shared Collateral for any Second Priority Debt Facility   which does not have a security interest in such Collateral at such time.   “Trustee” has the meaning assigned to such term in Section 8.21. “Uniform   Commercial Code” or “UCC” means, unless otherwise specified, the Uniform   Commercial Code as from time to time in effect in the State of New York. 1.2.   Terms Generally. The definitions of terms herein shall apply equally to the   singular and plural forms of the terms defined. Whenever the context may   require, any pronoun shall include the corresponding masculine, feminine and   neuter forms. The words “include,” “includes” and “including” shall be deemed   to be followed by the phrase “without limitation.” The word “will” shall be   construed to have the same meaning and effect as the word “shall.” Unless the   context requires otherwise, (i) any definition of or reference to any   agreement, instrument, other document, statute or regulation herein shall be   construed as I-2-44 

    

 

referring to   such agreement, instrument, other document, statute or regulation as from   time to time amended, supplemented or otherwise modified, (ii) any reference   herein to any Person shall be construed to include such Person’s successors   and assigns, but shall not be deemed to include the subsidiaries of such   Person unless express reference is made to such subsidiaries, (iii) the words   “herein,” “hereof” and “hereunder,” and words of similar import, shall be   construed to refer to this Agreement in its entirety and not to any   particular provision hereof, (iv) all references herein to Articles, Sections   and Annexes shall be construed to refer to Articles, Sections and Annexes of   this Agreement, (v) unless otherwise expressly qualified herein, the words “asset”   and “property” shall be construed to have the same meaning and effect and to   refer to any and all tangible and intangible assets and properties, including   cash, securities, accounts and contract rights and (vi) the term “or” is not   exclusive. 2. Priorities and Agreements with Respect to Shared Collateral   2.1. Lien Subordination. Notwithstanding the date, time, manner or order of   filing or recordation of any document or instrument or grant, attachment or   perfection of any Liens granted to any Second Priority Representative or any   Second Priority Debt Parties on the Shared Collateral or of any Liens granted   to any Senior Representative or any other Senior Secured Party on the Shared   Collateral (or any actual or alleged defect in any of the foregoing) and notwithstanding   any provision of the Uniform Commercial Code of any applicable jurisdiction,   any applicable law, any Second Priority Debt Document or any Senior Debt   Document or any other circumstance whatsoever, each Second Priority   Representative, on behalf of itself and each Second Priority Debt Party under   its Second Priority Debt Facility, hereby agrees that (a) any Lien on the   Shared Collateral securing any Senior Obligations now or hereafter held by or   on behalf of any Senior Representative or any other Senior Secured Party or   other agent or trustee therefor, regardless of how acquired, whether by   grant, statute, operation of law, subrogation or otherwise, shall have   priority over and be senior in all respects and prior to any Lien on the   Shared Collateral securing any Second Priority Debt Obligations and (b) any   Lien on the Shared Collateral securing any Second Priority Debt Obligations   now or hereafter held by or on behalf of any Second Priority Representative,   any Second Priority Debt Parties or any Second Priority Representative or   other agent or trustee therefor, regardless of how acquired, whether by   grant, statute, operation of law, subrogation or otherwise, shall be junior   and subordinate in all respects to all Liens on the Shared Collateral securing   any Senior Obligations. All Liens on the Shared Collateral securing any   Senior Obligations shall be and remain senior in all respects and prior to   all Liens on the Shared Collateral securing any Second Priority Debt   Obligations for all purposes, whether or not such Liens securing any Senior   Obligations are subordinated to any Lien securing any other obligation of the   Borrower, any other Grantor or any other Person or otherwise subordinated,   voided, avoided, invalidated or lapsed. 2.2. Nature of Senior Lender Claims.   Each Second Priority Representative, on behalf of itself and each Second   Priority Debt Party under its Second Priority Debt Facility, acknowledges   that (a) a portion of the Senior Obligations is revolving in nature and that   the amount thereof that may be outstanding at any time or from time to time   may be increased or reduced and subsequently reborrowed, (b) the terms of the   Senior Debt Documents and the Senior Obligations may be amended, supplemented   or otherwise modified, and the Senior I-2-45 

    

 

Obligations, or   a portion thereof, may be Refinanced from time to time and (c) the aggregate   amount of the Senior Obligations may be increased, in each case, without   notice to or consent by the Second Priority Representatives or the Second   Priority Debt Parties and without affecting the provisions hereof. The Lien   priorities provided for in Section 2.1 shall not be altered or otherwise   affected by any amendment, supplement or other modification, or any   Refinancing, of either the Senior Obligations or the Second Priority Debt   Obligations, or any portion thereof. As between the Borrower and the other   Grantors and the Second Priority Debt Parties, the foregoing provisions will   not limit or otherwise affect the obligations of the Borrower and the   Grantors contained in any Second Priority Debt Document with respect to the   incurrence of additional Senior Obligations. 2.3. Prohibition on Contesting   Liens. Each of the Second Priority Representatives, for itself and on behalf   of each Second Priority Debt Party under its Second Priority Debt Facility,   agrees that it shall not (and hereby waives any right to) contest or support   any other Person in contesting, in any proceeding (including any Insolvency   or Liquidation Proceeding), the validity, extent, perfection, priority or   enforceability of any Lien securing any Senior Obligations held (or purported   to be held) by or on behalf of any Senior Representative or any of the other   Senior Secured Parties or other agent or trustee therefor in any Senior   Collateral, and each Senior Representative, for itself and on behalf of each   Senior Secured Party under its Senior Facility, agrees that it shall not (and   hereby waives any right to) contest or support any other Person in   contesting, in any proceeding (including any Insolvency or Liquidation   Proceeding), the validity, extent, perfection, priority or enforceability of   any Lien securing any Second Priority Debt Obligations held (or purported to   be held) by or on behalf of any Second Priority Representative or any of the   Second Priority Debt Parties in the Second Priority Collateral.   Notwithstanding the foregoing, no provision in this Agreement shall be   construed to prevent or impair the rights of any Senior Representative to   enforce this Agreement (including the priority of the Liens securing the   Senior Obligations as provided in Section 2.1) or any of the Senior Debt   Documents. 2.4. No New Liens. The parties hereto agree that, so long as the   Discharge of Senior Obligations has not occurred, (a) none of the Grantors   shall grant or permit any additional Liens on any asset or property of any   Grantor to secure any Second Priority Debt Obligation unless it has granted,   or concurrently therewith grants, a Lien on such asset or property of such   Grantor to secure the Senior Obligations; and (b) if any Second Priority   Representative or any Second Priority Debt Party shall hold any Lien on any   assets or property of any Grantor securing any Second Priority Obligations   that are not also subject to the first-priority Liens securing all Senior   Obligations under the Senior Collateral Documents, such Second Priority   Representative or Second Priority Debt Party (i) shall notify the Designated   Senior Representative promptly upon becoming aware thereof and, unless such   Grantor shall promptly grant a similar Lien on such assets or property to   each Senior Representative as security for the Senior Obligations, shall   assign such Lien to the Designated Senior Representative as security for all   Senior Obligations for the benefit of the Senior Secured Parties (but may   retain a junior lien on such assets or property subject to the terms hereof)   and (ii) until such assignment or such grant of a similar Lien to each Senior   Representative, shall be deemed to hold and have held such Lien for the   benefit of each Senior Representative and the other Senior Secured Parties as   security for the Senior Obligations. I-2-46 

    

 

2.5. Perfection   of Liens. Except for the limited agreements of the Senior Representatives   pursuant to Section 5.5 hereof, none of the Senior Representatives or the   Senior Secured Parties shall be responsible for perfecting and maintaining   the perfection of Liens with respect to the Shared Collateral for the benefit   of the Second Priority Representatives or the Second Priority Debt Parties.   The provisions of this Agreement are intended solely to govern the respective   Lien priorities as between the Senior Secured Parties and the Second Priority   Debt Parties and shall not impose on the Senior Representatives, the Senior   Secured Parties, the Second Priority Representatives, the Second Priority   Debt Parties or any agent or trustee therefor any obligations in respect of   the disposition of Proceeds of any Shared Collateral which would conflict   with prior perfected claims therein in favor of any other Person or any order   or decree of any court or governmental authority or any applicable law. 2.6.   Certain Cash Collateral. Notwithstanding anything in this Agreement or any   other Senior Debt Documents or Second Priority Debt Documents to the   contrary, collateral consisting of cash and cash equivalents pledged to   secure Credit Agreement Obligations consisting of reimbursement obligations   in respect of Letters of Credit or otherwise held by the Administrative Agent   pursuant to Section 2.03(g), 2.17 or Article IX of the Credit Agreement (or   any equivalent successor provision) shall be applied as specified in the   Credit Agreement and will not constitute Shared Collateral. 3. Enforcement   3.1.Exercise of Remedies. 3.1.1. So long as the Discharge of Senior   Obligations has not occurred, whether or not any Insolvency or Liquidation   Proceeding has been commenced by or against the Borrower or any other   Grantor, (i) neither any Second Priority Representative nor any Second   Priority Debt Party will (x) exercise or seek to exercise any rights or   remedies (including setoff) with respect to any Shared Collateral in respect   of any Second Priority Debt Obligations, or institute any action or   proceeding with respect to such rights or remedies (including any action of   foreclosure), (y) contest, protest or object to any foreclosure proceeding or   action brought with respect to the Shared Collateral or any other Senior   Collateral by any Senior Representative or any Senior Secured Party in   respect of the Senior Obligations, the exercise of any right by any Senior   Representative or any Senior Secured Party (or any agent or sub-agent on   their behalf) in respect of the Senior Obligations under any lockbox   agreement, control agreement, landlord waiver or bailee’s letter or similar   agreement or arrangement to which any Senior Representative or any Senior   Secured Party either is a party or may have rights as a third party   beneficiary, or any other exercise by any such party of any rights and   remedies relating to the Shared Collateral under the Senior Debt Documents or   otherwise in respect of the Senior Collateral or the Senior Obligations, or   (z) object to the forbearance by the Senior Secured Parties from bringing or   pursuing any foreclosure proceeding or action or any other exercise of any   rights or remedies relating to the Shared Collateral in respect of Senior   Obligations and (ii) the Senior Representatives and the Senior Secured   Parties shall have the exclusive right to enforce rights, exercise remedies   (including setoff and the right to credit bid their debt) and make   determinations regarding the release, disposition or restrictions with   respect to the Shared I-2-47 

    

 

Collateral   without any consultation with or the consent of any Second Priority   Representative or any Second Priority Debt Party; provided, however, that (A)   in any Insolvency or Liquidation Proceeding commenced by or against the   Borrower or any other Grantor, any Second Priority Representative may file a   claim or statement of interest with respect to the Second Priority Debt   Obligations under its Second Priority Debt Facility, (B) any Second Priority   Representative may take any action (not adverse to the prior Liens on the   Shared Collateral securing the Senior Obligations or the rights of the Senior   Representatives or the Senior Secured Parties to exercise remedies in respect   thereof) in order to create, prove, perfect, preserve or protect (but not   enforce) its rights in, and perfection and priority of its Lien on, the   Shared Collateral, (C) any Second Priority Representative and the Second   Priority Debt Parties may exercise their rights and remedies as unsecured   creditors, to the extent provided in Section 5.4 and (D) from and after the   Second Priority Enforcement Date, the Major Second Priority Representative   may exercise or seek to exercise any rights or remedies (including setoff)   with respect to any Shared Collateral in respect of any Second Priority Debt   Obligations, or institute any action or proceeding with respect to such   rights or remedies (including any action of foreclosure), but only so long as   (1) the Designated Senior Representative has not commenced and is not   diligently pursuing any enforcement action with respect to such Shared   Collateral or (2) the Grantor which has granted a security interest in such   Shared Collateral is not then a debtor under or with respect to (or otherwise   subject to) any Insolvency or Liquidation Proceeding. In exercising rights   and remedies with respect to the Senior Collateral, the Senior   Representatives and the Senior Secured Parties may enforce the provisions of   the Senior Debt Documents and exercise remedies thereunder, all in such order   and in such manner as they may determine in the exercise of their sole   discretion. Such exercise and enforcement shall include the rights of an   agent appointed by them to sell or otherwise dispose of Shared Collateral   upon foreclosure, to incur expenses in connection with such sale or   disposition and to exercise all the rights and remedies of a secured lender   under the Uniform Commercial Code of any applicable jurisdiction and of a   secured creditor under Bankruptcy Laws of any applicable jurisdiction. 3.1.2.   So long as the Discharge of Senior Obligations has not occurred, each Second   Priority Representative, on behalf of itself and each Second Priority Debt   Party under its Second Priority Debt Facility, agrees that it will not, in   the context of its role as secured creditor, take or receive any Shared   Collateral or any Proceeds of Shared Collateral in connection with the   exercise of any right or remedy (including setoff) with respect to any Shared   Collateral in respect of Second Priority Debt Obligations. Without limiting   the generality of the foregoing, unless and until the Discharge of Senior   Obligations has occurred, except as expressly provided in the proviso in   clause (ii) of Section 3.1.1, the sole right of the Second Priority   Representatives and the Second Priority Debt Parties with respect to the   Shared Collateral is to hold a Lien on the Shared Collateral in respect of   Second Priority Debt Obligations pursuant to the Second Priority Debt   Documents for the period and to the extent granted therein and to receive a   share of the Proceeds thereof, if any, after the Discharge of Senior   Obligations has occurred. 3.1.3. Subject to the proviso in clause (ii) of   Section 3.1.1, (i) each Second Priority Representative, for itself and on   behalf of each Second Priority Debt Party under its Second Priority Debt   Facility, agrees that neither such Second Priority Representative nor any   such Second Priority Debt Party will take any action that would hinder any   exercise of remedies undertaken by any Senior Representative or any Senior   Secured Party with respect to the Shared Collateral under the Senior Debt   Documents, including any sale, lease, exchange, transfer or I-2-48 

    

 

other   disposition of the Shared Collateral, whether by foreclosure or otherwise,   and (ii) each Second Priority Representative, for itself and on behalf of   each Second Priority Debt Party under its Second Priority Debt Facility,   hereby waives any and all rights it or any such Second Priority Debt Party   may have as a junior lien creditor or otherwise to object to the manner in   which the Senior Representatives or the Senior Secured Parties seek to   enforce or collect the Senior Obligations or the Liens granted on any of the   Senior Collateral, regardless of whether any action or failure to act by or   on behalf of any Senior Representative or any other Senior Secured Party is   adverse to the interests of the Second Priority Debt Parties. 3.1.4. Each   Second Priority Representative hereby acknowledges and agrees that no   covenant, agreement or restriction contained in any Second Priority Debt   Document shall be deemed to restrict in any way the rights and remedies of   the Senior Representatives or the Senior Secured Parties with respect to the   Senior Collateral as set forth in this Agreement and the Senior Debt   Documents. 3.1.5. Until the Discharge of Senior Obligations, subject to   Section 3.1.1, the Designated Senior Representative shall have the exclusive   right to exercise any right or remedy with respect to the Shared Collateral   and shall have the exclusive right to determine and direct the time, method   and place for exercising such right or remedy or conducting any proceeding   with respect thereto. Following the Discharge of Senior Obligations, the   Designated Second Priority Representative who may be instructed by the Second   Priority Majority Representatives shall have the exclusive right to exercise   any right or remedy with respect to the Collateral, and the Designated Second   Priority Representative who may be instructed by the Second Priority Majority   Representatives shall have the exclusive right to direct the time, method and   place of exercising or conducting any proceeding for the exercise of any   right or remedy available to the Second Priority Debt Parties with respect to   the Collateral, or of exercising or directing the exercise of any trust or   power conferred on the Second Priority Representatives, or for the taking of   any other action authorized by the Second Priority Collateral Documents;   provided, however, that nothing in this Section 3.1.5 shall impair the right   of any Second Priority Representative or other agent or trustee acting on   behalf of the Second Priority Debt Parties to take such actions with respect   to the Collateral after the Discharge of Senior Obligations as may be   otherwise required or authorized pursuant to any intercreditor agreement   governing the Second Priority Debt Parties or the Second Priority Debt   Obligations. 3.2. Cooperation. Subject to the proviso in clause (ii) of   Section 3.1.1, each Second Priority Representative, on behalf of itself and   each Second Priority Debt Party under its Second Priority Debt Facility,   agrees that, unless and until the Discharge of Senior Obligations has   occurred, it will not commence, or join with any Person (other than the   Senior Secured Parties and the Senior Representatives upon the request of the   Designated Senior Representative) in commencing, any enforcement, collection,   execution, levy or foreclosure action or proceeding with respect to any Lien   held by it in the Shared Collateral under any of the Second Priority Debt   Documents or otherwise in respect of the Second Priority Debt Obligations.   3.3. Actions upon Breach. Should any Second Priority Representative or any   Second Priority Debt Party, contrary to this Agreement, in any way take,   attempt to take or threaten to take any action with respect to the Shared   Collateral (including any attempt to realize upon or enforce any remedy with   respect to this Agreement) or fail to take any action required by I-2-49 

    

 

this Agreement,   any Senior Representative or other Senior Secured Party (in its or their own   name or in the name of the Borrower or any other Grantor) or the Borrower may   obtain relief against such Second Priority Representative or such Second   Priority Debt Party by injunction, specific performance or other appropriate   equitable relief. Each Second Priority Representative, on behalf of itself   and each Second Priority Debt Party under its Second Priority Debt Facility,   hereby (i) agrees that the Senior Secured Parties’ damages from the actions   of the Second Priority Representatives or any Second Priority Debt Party may   at that time be difficult to ascertain and may be irreparable and waives any   defense that the Borrower, any other Grantor or the Senior Secured Parties   cannot demonstrate damage or be made whole by the awarding of damages and   (ii) irrevocably waives any defense based on the adequacy of a remedy at law   and any other defense that might be asserted to bar the remedy of specific   performance in any action that may be brought by any Senior Representative or   any other Senior Secured Party. 4. Payments 4.1. Application of Proceeds. So   long as the Discharge of Senior Obligations has not occurred and regardless   of whether an Insolvency or Liquidation Proceeding has commenced, the Shared   Collateral or Proceeds thereof received in connection with the sale or other   disposition of, or collection on, such Shared Collateral upon the exercise of   remedies shall be applied by the Designated Senior Representative to the   Senior Obligations in such order as specified in the relevant Senior Debt   Documents (including the First Lien Intercreditor Agreement) until the   Discharge of Senior Obligations has occurred. Upon the Discharge of Senior   Obligations, each applicable Senior Representative shall deliver promptly to   the Designated Second Priority Representative any Shared Collateral or   Proceeds thereof held by it in the same form as received, with any necessary   endorsements, or as a court of competent jurisdiction may otherwise direct,   to be applied by the Designated Second Priority Representative to the Second   Priority Debt Obligations in such order as specified in the relevant Second   Priority Debt Documents. 4.2. Payments Over. So long as the Discharge of   Senior Obligations has not occurred, any Shared Collateral or Proceeds   thereof received by any Second Priority Representative or any Second Priority   Debt Party in connection with the exercise of any right or remedy (including   setoff) relating to the Shared Collateral shall be segregated and held in   trust for the benefit of and forthwith paid over to the Designated Senior   Representative for the benefit of the Senior Secured Parties in the same form   as received, with any necessary endorsements, or as a court of competent   jurisdiction may otherwise direct. The Designated Senior Representative is   hereby authorized to make any such endorsements as agent for each of the   Second Priority Representatives or any such Second Priority Debt Party. This   authorization is coupled with an interest and is irrevocable. I-2-50 

    

 

5. Other   Agreements 5.1.Releases. 5.1.1. Each Second Priority Representative, for   itself and on behalf of each Second Priority Debt Party under its Second   Priority Debt Facility, agrees that, in the event of a sale, transfer or   other disposition of any specified item of Shared Collateral (including all   or substantially all of the equity interests of any Subsidiary of the   Borrower) other than a release granted upon or following the Discharge of   Senior Obligations, the Liens granted to the Second Priority Representatives   and the Second Priority Debt Parties upon such Shared Collateral to secure   Second Priority Debt Obligations shall terminate and be released,   automatically and without any further action, concurrently with the   termination and release of all Liens granted upon such Shared Collateral to   secure Senior Obligations. Upon delivery to a Second Priority Representative   of a notice from the Borrower stating that any such termination and release   of Liens securing the Senior Obligations has become effective (or shall   become effective concurrently with such termination and release of the Liens   granted to the Second Priority Debt Parties and the Second Priority   Representatives) and any necessary or proper instruments of termination or release   prepared by the Borrower or any other Grantor, such Second Priority   Representative will promptly execute, deliver or acknowledge, at the   Borrower’s or the other Grantor’s sole cost and expense, such instruments and   take such further actions as the Borrower or such Grantor may reasonably   request to evidence such termination and release of the Liens. Nothing in   this Section 5.1.1 will be deemed to affect any agreement of a Second   Priority Representative, for itself and on behalf of the Second Priority Debt   Parties under its Second Priority Debt Facility, to release the Liens on the   Second Priority Collateral as set forth in the relevant Second Priority Debt   Documents. 5.1.2. Each Second Priority Representative, for itself and on   behalf of each Second Priority Debt Party under its Second Priority Debt   Facility, hereby irrevocably constitutes and appoints the Designated Senior   Representative and any officer or agent of the Designated Senior   Representative, with full power of substitution, as its true and lawful   attorney-in-fact with full irrevocable power and authority in the place and   stead of such Second Priority Representative or such Second Priority Debt   Party or in the Designated Senior Representative’s own name, from time to   time in the Designated Senior Representative’s discretion, for the purpose of   carrying out the terms of Section 5.1.1, to take any and all appropriate   action and to execute any and all documents and instruments that may be   necessary or desirable to accomplish the purposes of Section 5.1.1, including   any termination statements, endorsements or other instruments of transfer or   release. 5.1.3. Unless and until the Discharge of Senior Obligations has   occurred, each Second Priority Representative, for itself and on behalf of   each Second Priority Debt Party under its Second Priority Debt Facility,   hereby consents to the application, whether prior to or after an event of   default under any Senior Debt Document of proceeds of Shared Collateral to   the repayment of Senior Obligations pursuant to the Senior Debt Documents,   provided that nothing in this Section 5.1.3 shall be construed to prevent or   impair the rights of the Second Priority I-2-51 

    

 

Representatives   or the Second Priority Debt Parties to receive proceeds in connection with   the Second Priority Debt Obligations not otherwise in contravention of this   Agreement. 5.1.4. Notwithstanding anything to the contrary in any Second   Priority Collateral Document, in the event the terms of a Senior Collateral   Document and a Second Priority Collateral Document each require any Grantor   (i) to make payment in respect of any item of Shared Collateral, (ii) to   deliver or afford control over any item of Shared Collateral to, or deposit   any item of Shared Collateral with, (iii) to register ownership of any item   of Shared Collateral in the name of or make an assignment of ownership of any   Shared Collateral or the rights thereunder to, (iv) cause any securities   intermediary, commodity intermediary or other Person acting in a similar   capacity to agree to comply, in respect of any item of Shared Collateral,   with instructions or orders from, or to treat, in respect of any item of   Shared Collateral, as the entitlement holder, (v) hold any item of Shared   Collateral in trust for (to the extent such item of Shared Collateral cannot   be held in trust for multiple parties under applicable law), (vi) obtain the   agreement of a bailee or other third party to hold any item of Shared   Collateral for the benefit of or subject to the control of or, in respect of   any item of Shared Collateral, to follow the instructions of or (vii) obtain   the agreement of a landlord with respect to access to leased premises where   any item of Shared Collateral is located or waivers or subordination of   rights with respect to any item of Shared Collateral in favor of, in any   case, both the Designated Senior Representative and any Second Priority   Representative or Second Priority Debt Party, such Grantor may, until the   applicable Discharge of Senior Obligations has occurred, comply with such   requirement under the Second Priority Collateral Document as it relates to   such Shared Collateral by taking any of the actions set forth above only with   respect to, or in favor of, the Designated Senior Representative. 5.2.   Insurance and Condemnation Awards. Unless and until the Discharge of Senior   Obligations has occurred, the Designated Senior Representative and the Senior   Secured Parties shall have the sole and exclusive right, subject to the   rights of the Grantors under the Senior Debt Documents, (a) to be named as   additional insured and loss payee under any insurance policies maintained   from time to time by any Grantor, (b) to adjust settlement for any insurance   policy covering the Shared Collateral in the event of any loss thereunder and   (c) to approve any award granted in any condemnation or similar proceeding   affecting the Shared Collateral. Unless and until the Discharge of Senior   Obligations has occurred, all proceeds of any such policy and any such award,   if in respect of the Shared Collateral, shall be paid (i) first, prior to the   occurrence of the Discharge of Senior Obligations, to the Designated Senior   Representative for the benefit of Senior Secured Parties pursuant to the   terms of the Senior Debt Documents, (ii) second, after the occurrence of the   Discharge of Senior Obligations, to the Designated Second Priority   Representative for the benefit of the Second Priority Debt Parties pursuant   to the terms of the applicable Second Priority Debt Documents and (iii)   third, if no Second Priority Debt Obligations are outstanding, to the owner   of the subject property, such other Person as may be entitled thereto or as a   court of competent jurisdiction may otherwise direct. If any Second Priority   Representative or any Second Priority Debt Party shall, at any time, receive   any proceeds of any such insurance policy or any such award in contravention   of this Agreement, it shall pay such proceeds over to the Designated Senior   Representative in accordance with the terms of Section 4.2. I-2-52 

    

 

5.3.Amendments   to Second Priority Collateral Documents. 5.3.1. Except to the extent not   prohibited by any Senior Debt Document, no Second Priority Debt Document may   be amended, supplemented or otherwise modified or entered into to the extent   such amendment, supplement or modification, or the terms of any new Second   Priority Debt Document, would be prohibited by or inconsistent with any of   the terms of this Agreement without the consent of each Senior   Representative. The Borrower agrees to deliver to the Designated Senior   Representative copies of (i) any amendments, supplements or other   modifications to the Second Priority Debt Documents and (ii) any new Second   Priority Debt Documents, in each case promptly after effectiveness thereof. Each   Second Priority Representative, for itself and on behalf of each Second   Priority Debt Party under its Second Priority Debt Facility, agrees that each   Second Priority Collateral Document under its Second Priority Debt Facility   shall include the following language (or language to similar effect   reasonably approved by the Designated Senior Representative):   “Notwithstanding anything herein to the contrary, (i) the liens and security   interests granted to the [Second Priority Representative] pursuant to this Agreement   are expressly subject and subordinate to the liens and security interests   granted in favor of the Senior Secured Parties (as defined in the   Intercreditor Agreement referred to below), including liens and security   interests granted to (a) Bank of America, N.A., as administrative agent,   pursuant to or in connection with the Credit Agreement, dated as of October   11, 2013 among the Borrower, the lenders from time to time party thereto,   Bank of America, N.A., as administrative agent and the other parties thereto,   as amended, restated, amended and restated, extended, supplemented or   otherwise modified from time to time and (b) [ ], as trustee and collateral   agent, pursuant to or in connection with the Indenture, dated as of [_ ],   2013 among the Borrower, as issuer, [ ], as trustee and collateral agent and   the other parties thereto, as amended, restated, amended and restated,   supplemented or otherwise modified from time to time and (ii) the exercise of   any right or remedy by the [Second Priority Representative] hereunder is   subject to the limitations and provisions of the Intercreditor Agreement   dated as of [ ], 201[ ] (as amended, restated, supplemented or otherwise   modified from time to time, the “Intercreditor Agreement”), among Bank of   America, N.A., as Administrative Agent (as defined therein), [ ] and the   other Grantors party thereto. In the event of any conflict between the terms   of the Intercreditor Agreement and the terms of this Agreement, the terms of   the Intercreditor Agreement shall govern.” 5.3.2. In the event that each   applicable Senior Representative and/or the Senior Secured Parties enter into   any amendment, waiver or consent in respect of or replace any of the Senior   Collateral Documents for the purpose of adding to or deleting from, or waiving   or consenting to any departures from any provisions of, any Senior Collateral   Document or changing in any manner the rights of the Senior Representatives,   the Senior Secured Parties, the Borrower or any other Grantor thereunder   (including the release of any Liens in Senior Collateral) in a manner that is   applicable to all Senior Facilities, then such amendment, waiver, consent or   replacement shall apply automatically to any comparable provision of each   comparable Second Priority Collateral Document without the consent of any   Second Priority I-2-53 

    

 

Representative   or any Second Priority Debt Party and without any action by any Second   Priority Representative, the Borrower or any other Grantor; provided,   however, that written notice of such amendment, waiver, consent or   replacement shall have been given to each Second Priority Representative   within 10 Business Days after the effectiveness of such amendment, waiver,   consent or replacement (provided that the failure to deliver such notice within   such period shall not affect the effectiveness of such amendment, waiver,   consent or replacement). 5.4. Rights as Unsecured Creditors. Notwithstanding   anything to the contrary in this Agreement, the Second Priority   Representatives and the Second Priority Debt Parties may exercise rights and   remedies as unsecured creditors against the Borrower and any other Grantor in   accordance with the terms of the Second Priority Debt Documents and   applicable law so long as such rights and remedies do not violate any express   provision of this Agreement. Nothing in this Agreement shall prohibit the   receipt by any Second Priority Representative or any Second Priority Debt   Party of the required payments of principal, premium, interest, fees and   other amounts due under the Second Priority Debt Documents so long as such   receipt is not the direct or indirect result of the exercise by a Second   Priority Representative or any Second Priority Debt Party of rights or   remedies as a secured creditor in respect of Shared Collateral. In the event   any Second Priority Representative or any Second Priority Debt Party becomes   a judgment lien creditor in respect of Shared Collateral as a result of its   enforcement of its rights as an unsecured creditor in respect of Second   Priority Debt Obligations, such judgment lien shall be subordinated to the   Liens securing Senior Obligations on the same basis as the other Liens   securing the Second Priority Debt Obligations are so subordinated to such   Liens securing Senior Obligations under this Agreement. Nothing in this   Agreement shall impair or otherwise adversely affect any rights or remedies   the Senior Representatives or the Senior Secured Parties may have with   respect to the Senior Collateral. 5.5.Gratuitous Bailee for Perfection.   5.5.1. Each Senior Representative acknowledges and agrees that if it shall at   any time hold a Lien securing any Senior Obligations on any Shared Collateral   that can be perfected by the possession or control of such Shared Collateral   or of any account in which such Shared Collateral is held, and if such Shared   Collateral or any such account is in fact in the possession or under the   control of such Senior Representative, or of agents or bailees of such Person   (such Shared Collateral being referred to herein as the “Pledged or   Controlled Collateral”), or if it shall any time obtain any landlord waiver   or bailee’s letter or any similar agreement or arrangement granting it rights   or access to Shared Collateral, the applicable Senior Representative shall   also hold such Pledged or Controlled Collateral, or take such actions with   respect to such landlord waiver, bailee’s letter or similar agreement or   arrangement, as sub-agent or gratuitous bailee for the relevant Second   Priority Representatives, in each case solely for the purpose of perfecting   the Liens granted under the relevant Second Priority Collateral Documents and   subject to the terms and conditions of this Section 5.5. 5.5.2. In the event   that any Senior Representative (or its agents or bailees) has Lien filings   against Intellectual Property that is part of the Shared Collateral that are   necessary for the perfection of Liens in such Shared Collateral, such Senior   Representative agrees to hold such Liens as sub-agent and gratuitous bailee   for the relevant Second Priority Representatives and any assignee thereof,   solely for the purpose of perfecting the security interest granted in such   I-2-54 

    

 

Liens pursuant   to the relevant Second Priority Collateral Documents, subject to the terms   and conditions of this Section 5.5. 5.5.3. Except as otherwise specifically   provided herein, until the Discharge of Senior Obligations has occurred, the   Senior Representatives and the Senior Secured Parties shall be entitled to   deal with the Pledged or Controlled Collateral in accordance with the terms   of the Senior Debt Documents as if the Liens under the Second Priority   Collateral Documents did not exist. The rights of the Second Priority   Representatives and the Second Priority Debt Parties with respect to the   Pledged or Controlled Collateral shall at all times be subject to the terms   of this Agreement. 5.5.4. The Senior Representatives and the Senior Secured   Parties shall have no obligation whatsoever to the Second Priority   Representatives or any Second Priority Debt Party to assure that any of the   Pledged or Controlled Collateral is genuine or owned by the Grantors or to   protect or preserve rights or benefits of any Person or any rights pertaining   to the Shared Collateral, except as expressly set forth in this Section 5.5.   The duties or responsibilities of the Senior Representatives under this   Section 5.5 shall be limited solely to holding or controlling the Shared   Collateral and the related Liens referred to in Sections 5.5.1 and 5.5.2 as   sub-agent and gratuitous bailee for the relevant Second Priority   Representative for purposes of perfecting the Lien held by such Second   Priority Representative. 5.5.5. The Senior Representatives shall not have by   reason of the Second Priority Collateral Documents or this Agreement, or any   other document, a fiduciary relationship in respect of any Second Priority   Representative or any Second Priority Debt Party, and each Second Priority   Representative, for itself and on behalf of each Second Priority Debt Party   under its Second Priority Debt Facility, hereby waives and releases the   Senior Representatives from all claims and liabilities arising pursuant to   the Senior Representatives’ roles under this Section 5.5 as sub-agents and   gratuitous bailees with respect to the Shared Collateral. 5.5.6. Upon the   Discharge of Senior Obligations, each applicable Senior Representative shall,   at the Grantors’ sole cost and expense, (i) (A) deliver to the Designated   Second Priority Representative, to the extent that it is legally permitted to   do so, all Shared Collateral, including all proceeds thereof, held or   controlled by such Senior Representative or any of its agents or bailees,   including the transfer of possession and control, as applicable, of the   Pledged or Controlled Collateral, together with any necessary endorsements   and notices to depositary banks, securities intermediaries and commodities   intermediaries, and assign its rights under any landlord waiver or bailee’s   letter or any similar agreement or arrangement granting it rights or access   to Shared Collateral, or (B) direct and deliver such Shared Collateral as a   court of competent jurisdiction may otherwise direct, (ii) notify any   applicable insurance carrier that it is no longer entitled to be a loss payee   or additional insured under the insurance policies of any Grantor issued by   such insurance carrier and (iii) notify any governmental authority involved   in any condemnation or similar proceeding involving any Grantor that the   Designated Second Priority Representative is entitled to approve any awards granted   in such proceeding. The Borrower and the other Grantors shall take such   further action as is required to effectuate the transfer contemplated hereby,   and the Borrower and the other Grantors shall indemnify each Senior   Representative for loss or damage suffered by such Senior Representative as a   result of such transfer, except for loss or damage suffered by any such   Person as a result of its own willful I-2-55 

    

 

misconduct,   gross negligence or bad faith. The Senior Representatives have no obligations   to follow instructions from any Second Priority Representative or any other   Second Priority Debt Party in contravention of this Agreement. 5.5.7. None of   the Senior Representatives nor any of the other Senior Secured Parties shall   be required to marshal any present or future collateral security for any   obligations of the Borrower or any Subsidiary to any Senior Representative or   any Senior Secured Party under the Senior Debt Documents or any assurance of   payment in respect thereof, or to resort to such collateral security or other   assurances of payment in any particular order, and all of their rights in   respect of such collateral security or any assurance of payment in respect   thereof shall be cumulative and in addition to all other rights, however   existing or arising. 5.6. When Discharge of Senior Obligations Deemed To Not   Have Occurred. If, at any time concurrently with or after the Discharge of   Senior Obligations has occurred, the Borrower or any Subsidiary enters into   any Refinancing of any Senior Obligations, then such Discharge of Senior   Obligations shall automatically be deemed not to have occurred for all   purposes of this Agreement (other than with respect to any actions taken   prior to the date of such designation as a result of the occurrence of such   first Discharge of Senior Obligations) and the applicable agreement governing   such Senior Obligations shall automatically be treated as a Senior Debt   Document for all purposes of this Agreement, including for purposes of the   Lien priorities and rights in respect of Shared Collateral set forth herein   and the agent, representative or trustee for the holders of such Senior   Obligations shall be the Senior Representative for all purposes of this   Agreement. Upon receipt of notice of such incurrence (including the identity   of the new Senior Representative), each Second Priority Representative   (including the Designated Second Priority Representative) shall promptly (a)   enter into such documents and agreements, including amendments or supplements   to this Agreement, as the Borrower or such new Senior Representative shall   reasonably request in writing in order to provide the new Senior   Representative the rights of a Senior Representative contemplated hereby, (b)   deliver to such Senior Representative, to the extent that it is legally   permitted to do so, all Shared Collateral, including all proceeds thereof,   held or controlled by such Second Priority Representative or any of its   agents or bailees, including the transfer of possession and control, as applicable,   of the Pledged or Controlled Collateral, together with any necessary   endorsements and notices to depositary banks, securities intermediaries and   commodities intermediaries, and assign its rights under any landlord waiver   or bailee’s letter or any similar agreement or arrangement granting it rights   or access to Shared Collateral, (c) notify any applicable insurance carrier   that it is no longer entitled to be a loss payee or additional insured under   the insurance policies of any Grantor issued by such insurance carrier and   (d) notify any governmental authority involved in any condemnation or similar   proceeding involving a Grantor that the new Senior Representative is entitled   to approve any awards granted in such proceeding. 5.7. Purchase Right. Without   prejudice to the enforcement of the Senior Secured Parties remedies, the   Senior Secured Parties agree that following (a) acceleration of the Senior   Obligations in accordance with the terms of any Senior Debt Document, (b) a   payment default under any Senior Debt Document that has not been cured or   waived by the Senior Secured Parties within sixty (60) days of the occurrence   thereof or (c) the commencement of an Insolvency or Liquidation Proceeding   (each, a “Purchase Event”), within thirty (30) days of the Purchase Event,   one or more of the Second Priority Debt Parties may request, and the Senior   I-2-56 

    

 

Secured Parties   hereby offer the Second Priority Debt Parties the option, to purchase all,   but not less than all, of the aggregate amount of outstanding Senior   Obligations outstanding at the time of purchase at par, plus any premium that   would be applicable upon prepayment of the Senior Obligations and accrued and   unpaid interest and fees, without warranty or representation or recourse   (except for representations and warranties required to be made by assigning   lenders pursuant to the Assignment and Assumption (as such term is defined in   the Credit Agreement)). If such right is exercised, the parties shall   endeavor to close promptly thereafter but in any event within ten (10)   Business Days of the request. If one or more of the Second Priority Debt   Parties exercise such purchase right, it shall be exercised pursuant to   documentation mutually acceptable to each Senior Representative, each Second   Priority Representative and the Borrower. If none of the Second Priority Debt   Parties exercise such right, the Senior Secured Parties shall have no further   obligations pursuant to this Section 5.7 for such Purchase Event and may take   any further actions in their sole discretion in accordance with the Senior   Debt Documents and this Agreement. 6. Insolvency or Liquidation Proceedings.   6.1. Financing Issues. Until the Discharge of Senior Obligations has   occurred, if the Borrower or any other Grantor shall be subject to any   Insolvency or Liquidation Proceeding and any Senior Representative or any   Senior Secured Party shall desire to consent (or not object) to the sale, use   or lease of cash or other collateral or to consent (or not object) to the   Borrower’s or any other Grantor’s obtaining financing under Section 363 or   Section 364 of the Bankruptcy Code or any similar provision of any other   Bankruptcy Law (“DIP Financing”), then each Second Priority Representative,   for itself and on behalf of each Second Priority Debt Party under its Second   Priority Debt Facility, agrees that it will raise no (a) objection to and   will not otherwise contest such sale, use or lease of such cash or other   collateral or such DIP Financing and, except to the extent permitted by the   proviso in clause (ii) of Section 3.1.1 and Section 6.3, will not request   adequate protection or any other relief in connection therewith and, to the   extent the Liens securing any Senior Obligations are subordinated or pari   passu with such DIP Financing, will subordinate (and will be deemed hereunder   to have subordinated) its Liens in the Shared Collateral to (x) such DIP Financing   (and all obligations relating thereto) on the same basis as the Liens   securing the Second Priority Debt Obligations are so subordinated to Liens   securing Senior Obligations under this Agreement, (y) any adequate protection   Liens provided to the Senior Secured Parties, and (z) to any “carve-out” for   professional and United States Trustee fees agreed to by the Senior   Representatives, (b) objection to (and will not otherwise contest) any motion   for relief from the automatic stay or from any injunction against foreclosure   or enforcement in respect of Senior Obligations made by any Senior   Representative or any other Senior Secured Party, (c) objection to (and will   not otherwise contest) any exercise by any Senior Secured Party of the right   to credit bid Senior Obligations at any sale in foreclosure of Senior   Collateral under Section 363(k) of the Bankruptcy Code or any similar   provision of any other Bankruptcy Law, (d) objection to (and will not   otherwise contest) any other request for judicial relief made in any court by   any Senior Secured Party relating to the lawful enforcement of any Lien on   Senior Collateral or (e) objection to (and will not otherwise contest or   oppose) any order relating to a sale or other disposition of assets of any   Grantor to which any Senior Representative has consented or not objected that   provides, to the extent such sale or other disposition is to be I-2-57 

    

 

free and clear   of Liens, that the Liens securing the Senior Obligations and the Second   Priority Debt Obligations will attach to the proceeds of the sale on the same   basis of priority as the Liens on the Shared Collateral securing the Senior   Obligations rank to the Liens on the Shared Collateral securing the Second   Priority Debt Obligations pursuant to this Agreement. Each Second Priority   Representative, for itself and on behalf of each Second Priority Debt Party   under its Second Priority Debt Facility, agrees that notice received two   Business Days prior to the entry of an order approving such usage of cash or   other collateral or approving such financing shall be adequate notice. 6.2.   Relief from the Automatic Stay. Until the Discharge of Senior Obligations has   occurred, each Second Priority Representative, for itself and on behalf of   each Second Priority Debt Party under its Second Priority Debt Facility,   agrees that none of them shall seek relief from the automatic stay or any   other stay in any Insolvency or Liquidation Proceeding or take any action in   derogation thereof, in each case in respect of any Shared Collateral, without   the prior written consent of the Designated Senior Representative. 6.3.   Adequate Protection. Each Second Priority Representative, for itself and on   behalf of each Second Priority Debt Party under its Second Priority Debt   Facility, agrees that none of them shall (A) object, contest or support any   other Person objecting to or contesting (a) any request by any Senior   Representative or any Senior Secured Parties for adequate protection, (b) any   objection by any Senior Representative or any Senior Secured Parties to any   motion, relief, action or proceeding based on any Senior Representative’s or   Senior Secured Party’s claiming a lack of adequate protection or (c) the   payment of interest, fees, expenses or other amounts of any Senior Representative   or any other Senior Secured Party under Section 506(b) of the Bankruptcy Code   or any similar provision of any other Bankruptcy Law or (B) assert or support   any claim for costs or expenses of preserving or disposing of any Collateral   under Section 506(c) of the Bankruptcy Code or any similar provision of any   other Bankruptcy Law. Notwithstanding anything contained in this Section 6.3   or in Section 6.1, in any Insolvency or Liquidation Proceeding, (i) if the   Senior Secured Parties (or any subset thereof) are granted adequate   protection in the form of additional collateral or superpriority claims in   connection with any DIP Financing or use of cash collateral under Section 363   or 364 of the Bankruptcy Code or any similar provision of any other Bankruptcy   Law, then each Second Priority Representative, for itself and on behalf of   each Second Priority Debt Party under its Second Priority Debt Facility, may   seek or request adequate protection in the form of a replacement Lien or   superpriority claim on such additional collateral, which (A) Lien is   subordinated to the Liens securing all Senior Obligations and such DIP   Financing (and all obligations relating thereto) on the same basis as the   other Liens securing the Second Priority Debt Obligations are so subordinated   to the Liens securing Senior Obligations under this Agreement and (B)   superpriority claim is subordinated to all superpriority claims of the Senior   Secured Parties on the same basis as the other claims of the Second Priority   Debt Parties are so subordinated to the claims of the Senior Secured Parties   under this Agreement, (ii) in the event any Second Priority Representatives,   for themselves and on behalf of the Second Priority Debt Parties under their   Second Priority Debt Facilities, seek or request adequate protection and such   adequate protection is granted (in each instance, to the extent such grant is   otherwise permissible under the terms and conditions of this Agreement) in   the form of additional or replacement collateral, then such Second Priority   Representatives, for themselves and on behalf of each Second Priority Debt   Party under their Second Priority Debt Facilities, agree that each Senior   Representative shall also I-2-58 

    

 

be granted a   senior Lien on such additional or replacement collateral as security for the   Senior Obligations and any such DIP Financing and that any Lien on such   additional or replacement collateral securing the Second Priority Debt   Obligations shall be subordinated to the Liens on such collateral securing   the Senior Obligations and any such DIP Financing (and all obligations   relating thereto) and any other Liens granted to the Senior Secured Parties   as adequate protection on the same basis as the other Liens securing the   Second Priority Debt Obligations are so subordinated to such Liens securing   Senior Obligations under this Agreement and (iii) in the event any Second   Priority Representatives, for themselves and on behalf of the Second Priority   Debt Parties under their Second Priority Debt Facilities, seek or request   adequate protection and such adequate protection is granted (in each   instance, to the extent such grant is otherwise permissible under the terms   and conditions of this Agreement) in the form of a superpriority claim, then   such Second Priority Representatives, for themselves and on behalf of each   Second Priority Debt Party under their Second Priority Debt Facilities, agree   that each Senior Representative shall also be granted adequate protection in   the form of a superpriority claim, which superpriority claim shall be senior   to the superpriority claim of the Second Priority Debt Parties. 6.4.   Preference Issues. If any Senior Secured Party is required in any Insolvency   or Liquidation Proceeding or otherwise to disgorge, turn over or otherwise   pay any amount to the estate of the Borrower or any other Grantor (or any   trustee, receiver or similar Person therefor), because the payment of such   amount was declared to be fraudulent or preferential in any respect or for   any other reason, any amount (a “Recovery”), whether received as proceeds of   security, enforcement of any right of setoff or otherwise, then the Senior   Obligations shall be reinstated to the extent of such Recovery and deemed to   be outstanding as if such payment had not occurred and the Senior Secured   Parties shall be entitled to the benefits of this Agreement until a Discharge   of Senior Obligations with respect to all such recovered amounts. If this   Agreement shall have been terminated prior to such Recovery, this Agreement   shall be reinstated in full force and effect, and such prior termination   shall not diminish, release, discharge, impair or otherwise affect the   obligations of the parties hereto. Each Second Priority Representative, for   itself and on behalf of each Second Priority Debt Party under its Second   Priority Debt Facility, hereby agrees that none of them shall be entitled to   benefit from any avoidance action affecting or otherwise relating to any   distribution or allocation made in accordance with this Agreement, whether by   preference or otherwise, it being understood and agreed that the benefit of   such avoidance action otherwise allocable to them shall instead be allocated   and turned over for application in accordance with the priorities set forth   in this Agreement. 6.5. Separate Grants of Security and Separate   Classifications. Each Second Priority Representative, for itself and on   behalf of each Second Priority Debt Party under its Second Priority Debt   Facility, acknowledges and agrees that (a) the grants of Liens pursuant to   the Senior Collateral Documents and the Second Priority Collateral Documents   constitute separate and distinct grants of Liens and (b) because of, among   other things, their differing rights in the Shared Collateral, the Second   Priority Debt Obligations are fundamentally different from the Senior   Obligations and must be separately classified in any plan of reorganization   proposed or adopted in an Insolvency or Liquidation Proceeding. To further   effectuate the intent of the parties as provided in the immediately preceding   sentence, if it is held that any claims of the Senior Secured Parties and the   Second Priority Debt Parties in respect of the Shared Collateral I-2-59 

    

 

constitute a   single class of claims (rather than separate classes of senior and junior   secured claims), then each Second Priority Representative, for itself and on   behalf of each Second Priority Debt Party under its Second Priority Debt   Facility, hereby acknowledges and agrees that all distributions shall be made   as if there were separate classes of senior and junior secured claims against   the Grantors in respect of the Shared Collateral (with the effect being that,   to the extent that the aggregate value of the Shared Collateral is sufficient   (for this purpose ignoring all claims held by the Second Priority Debt   Parties), the Senior Secured Parties shall be entitled to receive, in   addition to amounts distributed to them in respect of principal, pre-petition   interest and other claims, all amounts owing in respect of post-petition interest   (whether or not allowed or allowable) before any distribution is made in   respect of the Second Priority Debt Obligations, with each Second Priority   Representative, for itself and on behalf of each Second Priority Debt Party   under its Second Priority Debt Facility, hereby acknowledging and agreeing to   turn over to the Designated Senior Representative amounts otherwise received   or receivable by them to the extent necessary to effectuate the intent of   this sentence, even if such turnover has the effect of reducing the claim or   recovery of the Second Priority Debt Parties. 6.6. No Waivers of Rights of   Senior Secured Parties. Nothing contained herein shall, except as expressly   provided herein, prohibit or in any way limit any Senior Representative or   any other Senior Secured Party from objecting in any Insolvency or   Liquidation Proceeding or otherwise to any action taken by any Second   Priority Debt Party, including the seeking by any Second Priority Debt Party   of adequate protection or the assertion by any Second Priority Debt Party of   any of its rights and remedies under the Second Priority Debt Documents or   otherwise. 6.7. Application. This Agreement, which the parties hereto   expressly acknowledge is a “subordination agreement” under Section 510(a) of   the Bankruptcy Code or any similar provision of any other Bankruptcy Law,   shall be effective before, during and after the commencement of any   Insolvency or Liquidation Proceeding. The relative rights as to the Shared   Collateral and proceeds thereof shall continue after the commencement of any   Insolvency or Liquidation Proceeding on the same basis as prior to the date   of the petition therefor, subject to any court order approving the financing   of, or use of cash collateral by, any Grantor. All references herein to any   Grantor shall include such Grantor as a debtor-in-possession and any receiver   or trustee for such Grantor. 6.8. Other Matters. To the extent that any   Second Priority Representative or any Second Priority Debt Party has or   acquires rights under Section 363 or Section 364 of the Bankruptcy Code or   any similar provision of any other Bankruptcy Law with respect to any of the   Shared Collateral, such Second Priority Representative, on behalf of itself   and each Second Priority Debt Party under its Second Priority Debt Facility,   or such Second Priority Debt Party agrees not to assert any such rights   without the prior written consent of each Senior Representative, provided   that if requested by any Senior Representative, such Second Priority   Representative shall timely exercise such rights in the manner requested by   the Senior Representatives (acting unanimously), including any rights to   payments in respect of such rights. 6.9. 506(c) Claims. Until the Discharge   of Senior Obligations has occurred, each Second Priority Representative, on   behalf of itself and each Second Priority Debt Party under its Second   Priority Debt Facility, agrees that it will not assert or enforce any claim   under I-2-60 

    

 

Section 506(c)   of the Bankruptcy Code or any similar provision of any other Bankruptcy Law   senior to or on a parity with the Liens securing the Senior Obligations for   costs or expenses of preserving or disposing of any Shared Collateral.   6.10.Reorganization Securities. (a) If, in any Insolvency or Liquidation   Proceeding, debt obligations of the reorganized debtor secured by Liens upon   any property of the reorganized debtor are distributed, pursuant to a plan of   reorganization or similar dispositive restructuring plan, on account of both   the Senior Obligations and the Second Priority Debt Obligations, then, to the   extent the debt obligations distributed on account of the Senior Obligations   and on account of the Second Priority Debt Obligations are secured by Liens   upon the same assets or property, the provisions of this Agreement will   survive the distribution of such debt obligations pursuant to such plan and   will apply with like effect to the Liens securing such debt obligations. (b)   Each Second Priority Debt Party (whether in the capacity of a secured   creditor or an unsecured creditor) shall not propose, vote in favor of, or   otherwise directly or indirectly support any plan of reorganization that is   inconsistent with the priorities or other provisions of this Agreement, other   than with the prior written consent of the Designated Senior Representative   or to the extent any such plan is proposed or supported by the number of   Senior Secured Parties required under Section 1126(d) of the Bankruptcy Code.   6.11. Section 1111(b) of the Bankruptcy Code. Each Second Priority   Representative, for itself and on behalf of each Second Priority Debt Party   under its Second Priority Debt Facility, shall not object to, oppose, support   any objection, or take any other action to impede, the right of any Senior   Secured Party to make an election under Section 1111(b)(2) of the Bankruptcy   Code. Each Second Priority Representative, for itself and on behalf of each   Second Priority Debt Party under its Second Priority Debt Facility, waives   any claim it may hereafter have against any senior claimholder arising out of   the election by any Senior Secured Party of the application of Section   1111(b)(2) of the Bankruptcy Code. 7. Reliance; Etc. 7.1. Reliance. All loans   and other extensions of credit made or deemed made on and after the date   hereof by the Senior Secured Parties to the Borrower or any Subsidiary shall   be deemed to have been given and made in reliance upon this Agreement. Each   Second Priority Representative, on behalf of itself and each Second Priority   Debt Party under its Second Priority Debt Facility, acknowledges that it and   such Second Priority Debt Parties have, independently and without reliance on   any Senior Representative or other Senior Secured Party, and based on   documents and information deemed by them appropriate, made their own credit   analysis and decision to enter into the Second Priority Debt Documents to   which they are party or by which they are bound, this Agreement and the   transactions contemplated hereby and thereby, and they will continue to make   their own credit decisions in taking or not taking any action under the   Second Priority Debt Documents or this Agreement. I-2-61 

    

 

7.2. No   Warranties or Liability. Each Second Priority Representative, on behalf of   itself and each Second Priority Debt Party under its Second Priority Debt   Facility, acknowledges and agrees that neither any Senior Representative nor   any other Senior Secured Party has made any express or implied representation   or warranty, including with respect to the execution, validity, legality,   completeness, collectability or enforceability of any of the Senior Debt   Documents, the ownership of any Shared Collateral or the perfection or   priority of any Liens thereon. The Senior Secured Parties will be entitled to   manage and supervise their respective loans and extensions of credit under   the Senior Debt Documents in accordance with law and as they may otherwise,   in their sole discretion, deem appropriate, and the Senior Secured Parties   may manage their loans and extensions of credit without regard to any rights   or interests that the Second Priority Representatives and the Second Priority   Debt Parties have in the Shared Collateral or otherwise, except as otherwise   provided in this Agreement. Neither any Senior Representative nor any other   Senior Secured Party shall have any duty to any Second Priority   Representative or Second Priority Debt Party to act or refrain from acting in   a manner that allows, or results in, the occurrence or continuance of an   event of default or default under any agreement with the Borrower or any   Subsidiary (including the Second Priority Debt Documents), regardless of any   knowledge thereof that they may have or be charged with. Except as expressly   set forth in this Agreement, the Senior Representatives, the Senior Secured   Parties, the Second Priority Representatives and the Second Priority Debt   Parties have not otherwise made to each other, nor do they hereby make to   each other, any warranties, express or implied, nor do they assume any   liability to each other with respect to (a) the enforceability, validity,   value or collectability of any of the Senior Obligations, the Second Priority   Debt Obligations or any guarantee or security which may have been granted to   any of them in connection therewith, (b) any Grantor’s title to or right to   transfer any of the Shared Collateral or (c) any other matter except as   expressly set forth in this Agreement. 7.3. Obligations Unconditional. All   rights, interests, agreements and obligations of the Senior Representatives,   the Senior Secured Parties, the Second Priority Representatives and the   Second Priority Debt Parties hereunder shall remain in full force and effect   irrespective of: (a) any lack of validity or enforceability of any Senior   Debt Document or any Second Priority Debt Document; (b) any change in the   time, manner or place of payment of, or in any other terms of, all or any of   the Senior Obligations or Second Priority Debt Obligations, or any amendment   or waiver or other modification, including any increase in the amount   thereof, whether by course of conduct or otherwise, of the terms of the   Credit Agreement or any other Senior Debt Document or of the terms of any   Second Priority Debt Document; (c) any exchange of any security interest in   any Shared Collateral or any other collateral or any amendment, waiver or   other modification, whether in writing or by course of conduct or otherwise,   of all or any of the Senior Obligations or Second Priority Debt Obligations   or any guarantee thereof; I-2-62 

    

 

(d) the   commencement of any Insolvency or Liquidation Proceeding in respect of the   Borrower or any other Grantor; or (e) any other circumstances that otherwise   might constitute a defense available to (i) the Borrower or any other Grantor   in respect of the Senior Obligations (other than the Discharge of Senior   Obligations subject to Sections 5.6 and 6.4) or (ii) any Second Priority   Representative or Second Priority Debt Party in respect of this Agreement. 8.   Miscellaneous 8.1. Conflicts. Subject to Section 8.22, in the event of any   conflict between the provisions of this Agreement and the provisions of any   Senior Debt Document or any Second Priority Debt Document, the provisions of   this Agreement shall govern. Notwithstanding the foregoing, the relative   rights and obligations of the Administrative Agent, the Senior   Representatives and the Senior Secured Parties (as amongst themselves) with   respect to any Senior Collateral shall be governed by the terms of the First   Lien Intercreditor Agreement and in the event of any conflict between the   First Lien Intercreditor Agreement and this Agreement, the provisions of the   First Lien Intercreditor Agreement shall control. 8.2. Continuing Nature of   this Agreement; Severability. Subject to Section 6.4, this Agreement shall   continue to be effective until the Discharge of Senior Obligations shall have   occurred. This is a continuing agreement of Lien subordination, and the   Senior Secured Parties may continue, at any time and without notice to the   Second Priority Representatives or any Second Priority Debt Party, to extend   credit and other financial accommodations and lend monies to or for the   benefit of the Borrower or any Subsidiary constituting Senior Obligations in   reliance hereon. The terms of this Agreement shall survive and continue in   full force and effect in any Insolvency or Liquidation Proceeding. Any   provision of this Agreement that is prohibited or unenforceable in any   jurisdiction shall not invalidate the remaining provisions hereof, and any   such prohibition or unenforceability in any jurisdiction shall not invalidate   or render unenforceable such provision in any other jurisdiction. The parties   shall endeavor in good-faith negotiations to replace the invalid, illegal or   unenforceable provisions with valid provisions the economic effect of which   comes as close as possible to that of the invalid, illegal or unenforceable   provisions. 8.3. Amendments; Waivers. No failure or delay on the part of any   party hereto in exercising any right or power hereunder shall operate as a   waiver thereof, nor shall any single or partial exercise of any such right or   power, or any abandonment or discontinuance of steps to enforce such a right   or power, preclude any other or further exercise thereof or the exercise of   any other right or power. The rights and remedies of the parties hereto are   cumulative and are not exclusive of any rights or remedies that they would   otherwise have. No waiver of any provision of this Agreement or consent to   any departure by any party therefrom shall in any event be effective unless   the same shall be permitted by Section 8.3.2, and then such waiver or consent   shall be effective only in the specific instance and for the purpose for   which given. No I-2-63 

    

 

notice or   demand on any party hereto in any case shall entitle such party to any other   or further notice or demand in similar or other circumstances. 8.3.1. This   Agreement may be amended in writing signed by each Representative (in each   case, acting in accordance with the documents governing the applicable Debt   Facility); provided that any such amendment, supplement or waiver which by   the terms of this Agreement requires the Borrower’s consent or which   increases the obligations or reduces the rights of, or otherwise materially   adversely affects, the Borrower or any other Grantor, shall require the   consent of the Borrower. Any such amendment, supplement or waiver shall be in   writing and shall be binding upon the Senior Secured Parties and the Second   Priority Debt Parties and their respective successors and assigns. 8.3.2.   Notwithstanding the foregoing, without the consent of any Secured Party (and   with respect to any amendment or modification which by the terms of this   Agreement requires the Borrower’s consent or which increases the obligations   or reduces the rights of the Borrower or any other Grantor, with the consent   of the Borrower), any Representative may become a party hereto by execution   and delivery of a Joinder Agreement in accordance with Section 8.9 of this   Agreement and upon such execution and delivery, such Representative and the   Secured Parties and Senior Obligations or Second Priority Debt Obligations of   the Debt Facility for which such Representative is acting shall be subject to   the terms hereof. 8.4. Information Concerning Financial Condition of the   Borrower and the Subsidiaries. The Senior Representatives, the Senior Secured   Parties, the Second Priority Representatives and the Second Priority Secured   Parties shall each be responsible for keeping themselves informed of (a) the   financial condition of the Borrower and the Subsidiaries and all endorsers or   guarantors of the Senior Obligations or the Second Priority Debt Obligations   and (b) all other circumstances bearing upon the risk of nonpayment of the   Senior Obligations or the Second Priority Debt Obligations. The Senior   Representatives, the Senior Secured Parties, the Second Priority   Representatives and the Second Priority Secured Parties shall have no duty to   advise any other party hereunder of information known to it or them regarding   such condition or any such circumstances or otherwise. In the event that any   Senior Representative, any Senior Secured Party, any Second Priority   Representative or any Second Priority Debt Party, in its sole discretion,   undertakes at any time or from time to time to provide any such information   to any other party, it shall be under no obligation to (i) make, and the   Senior Representatives, the Senior Secured Parties, the Second Priority   Representatives and the Second Priority Debt Parties shall not make or be   deemed to have made, any express or implied representation or warranty,   including with respect to the accuracy, completeness, truthfulness or   validity of any such information so provided, (ii) provide any additional   information or to provide any such information on any subsequent occasion,   (iii) undertake any investigation or (iv) disclose any information that,   pursuant to accepted or reasonable commercial finance practices, such party   wishes to maintain confidential or is otherwise required to maintain   confidential. 8.5. Subrogation. Each Second Priority Representative, on   behalf of itself and each Second Priority Debt Party under its Second Priority   Debt Facility, hereby waives any rights of subrogation it may acquire as a   result of any payment hereunder until the Discharge of Senior Obligations has   occurred. I-2-64 

    

 

8.6.   Application of Payments. Except as otherwise provided herein, all payments   received by the Senior Secured Parties may be applied, reversed and   reapplied, in whole or in part, to such part of the Senior Obligations as the   Senior Secured Parties, in their sole discretion, deem appropriate,   consistent with the terms of the Senior Debt Documents. Except as otherwise   provided herein, each Second Priority Representative, on behalf of itself and   each Second Priority Debt Party under its Second Priority Debt Facility,   assents to any such extension or postponement of the time of payment of the   Senior Obligations or any part thereof and to any other indulgence with   respect thereto, to any substitution, exchange or release of any security   that may at any time secure any part of the Senior Obligations and to the   addition or release of any other Person primarily or secondarily liable   therefor. 8.7. Additional Grantors. The Borrower agrees that, if any   Subsidiary shall become a Grantor after the date hereof, it will promptly   cause such Subsidiary to become party hereto by executing and delivering an   instrument in the form of Annex II. Upon such execution and delivery, such   Subsidiary will become a Grantor hereunder with the same force and effect as   if originally named as a Grantor herein. The execution and delivery of such   instrument shall not require the consent of any other party hereunder, and   will be acknowledged by the Designated Second Priority Representative and the   Designated Senior Representative. The rights and obligations of each Grantor   hereunder shall remain in full force and effect notwithstanding the addition   of any new Grantor as a party to this Agreement. 8.8. [RESERVED]. 8.9.   Additional Debt Facilities. To the extent, but only to the extent, permitted   by the provisions of the then extant Senior Debt Documents and Second   Priority Debt Documents, the Borrower may incur or issue and sell one or more   series or classes of Second Priority Debt and one or more series or classes   of Additional Senior Debt. Any such additional class or series of Second   Priority Debt (the “Second Priority Class Debt”) may be secured by a second   priority, subordinated Lien on Shared Collateral, in each case under and   pursuant to the relevant Second Priority Collateral Documents for such Second   Priority Class Debt, if and subject to the condition that the Representative   of any such Second Priority Class Debt (each, a “Second Priority Class Debt   Representative”), acting on behalf of the holders of such Second Priority   Class Debt (such Representative and holders in respect of any Second Priority   Class Debt being referred to as the “Second Priority Class Debt Parties”),   becomes a party to this Agreement by satisfying the conditions set forth in   Sections 8.9.1 and 8.9.2, as applicable. Any such additional class or series   of Senior Facilities (the “Senior Class Debt”; and the Senior Class Debt and   Second Priority Class Debt, collectively, the “Class Debt”) may be secured by   a senior Lien on Shared Collateral, in each case under and pursuant to the   relevant Senior Collateral Documents, if and subject to the condition that   the Representative of any such Senior Class Debt (each, a “Senior Class Debt   Representative”; and the Senior Class Debt Representatives and Second   Priority Class Debt Representatives, collectively, the “Class Debt   Representatives”), acting on behalf of the holders of such Senior Class Debt   (such Representative and holders in respect of any such Senior Class Debt   being referred to as the “Senior Class Debt Parties”; and the Senior Class   Debt Parties and Second Priority Class Debt Parties, collectively, the “Class   Debt Parties”), becomes a party to this Agreement by satisfying the   conditions set forth in Sections 8.9.1 and 8.9.2, as applicable. In order for   a Class Debt Representative to become a party to this Agreement: I-2-65 

    

 

8.9.1. such   Class Debt Representative shall have executed and delivered a Joinder   Agreement substantially in the form of Annex III (if such Representative is a   Second Priority Class Debt Representative) or Annex IV (if such   Representative is a Senior Class Debt Representative) (with such changes as   may be reasonably approved by the Designated Senior Representative and such   Class Debt Representative) pursuant to which it becomes a Representative   hereunder, and the Class Debt in respect of which such Class Debt   Representative is the Representative constitutes Additional Senior Debt   Obligations or Second Priority Debt Obligations, as applicable, and the   related Class Debt Parties become subject hereto and bound hereby as   Additional Senior Debt Parties or Second Priority Debt Parties, as   applicable; 8.9.2. the Borrower (a) shall have delivered to the Designated   Senior Representative an Officer’s Certificate identifying the obligations to   be designated as Additional Senior Debt Obligations or Second Priority Debt   Obligations, as applicable, and the initial aggregate principal amount or   face amount thereof and certifying that such obligations are permitted to be   incurred and secured (I) in the case of Additional Senior Debt Obligations,   on a senior basis under each of the Senior Debt Documents and (II) in the   case of Second Priority Debt Obligations, on a junior basis under each of the   Second Priority Debt Documents and (b) if requested, shall have delivered   true and complete copies of each of the Second Priority Debt Documents or   Senior Debt Documents, as applicable, relating to such Class Debt, certified   as being true and correct by an authorized officer of the Borrower; and   8.9.3. the Second Priority Debt Documents or Senior Debt Documents, as   applicable, relating to such Class Debt shall provide that each Class Debt   Party with respect to such Class Debt will be subject to and bound by the   provisions of this Agreement in its capacity as a holder of such Class Debt.   8.10.Refinancings. The Senior Obligations and the Second Priority Debt may be   refinanced or replaced, in whole or in part, in each case, without notice to,   or the consent (except to the extent a consent is otherwise required to permit   the refinancing transaction under any Senior Debt Document or any Second   Priority Debt Document) of any Senior Representative or any Secured Party,   all without affecting the Lien priorities provided for herein or the other   provisions hereof. The Second Priority Representative hereby agrees that at   the request of the Borrower in connection with refinancing or replacement of   Senior Obligations (“Replacement Senior Obligations”) it will enter into an   agreement in form and substance reasonably acceptable to the Second Priority   Representative with the agent for the Replacement Senior Obligations   containing terms and conditions substantially similar to the terms and   conditions of this Agreement. 8.11.Consent to Jurisdiction; Waivers. Each   Representative, on behalf of itself and the Secured Parties of the Debt   Facility for which it is acting, irrevocably and unconditionally: (a) submits   for itself and its property in any legal action or proceeding relating to   this Agreement and the Collateral Documents, or for recognition and   enforcement of any judgment in respect thereof, to the exclusive jurisdiction   of the courts of the State of New York, the courts of the United States of   America for the Southern District of New York, and appellate courts from any   thereof; I-2-66 

    

 

(b) consents   and agrees that any such action or proceeding shall be brought in such courts   and waives any objection that it may now or hereafter have to the venue of   any such action or proceeding in any such court or that such action or   proceeding was brought in an inconvenient court and agrees not to plead or   claim the same; (c) agrees that service of process in any such action or   proceeding may be effected by mailing a copy thereof by registered or   certified mail (or any substantially similar form of mail), postage prepaid,   to such Person (or its Representative) at the address referred to in Section   8.12; (d) agrees that nothing herein shall affect the right of any other   party hereto (or any Secured Party) to effect service of process in any other   manner permitted by law; and (e) waives, to the maximum extent not prohibited   by law, any right it may have to claim or recover in any legal action or   proceeding referred to in this Section 8.11 any special, exemplary, punitive   or consequential damages. 8.12.Notices. All notices, requests, demands and   other communications provided for or permitted hereunder shall be in writing   and shall be sent: (a) if to the Borrower or any other Grantor, to the   Borrower, at its address at: 3100 Ocean Park Blvd., Santa Monica, CA 90405,   Attention of Dennis Durkin, Chief Financial Officer, electronic mail   dennis.durkin@activision.com; (b) telecopy [ ]; if to the Initial Second   Priority Representative to it at: [ ], Attention of [ ], (c) if to the   Administrative Agent, to it at: [Bank of America, N.A., 388 Greenwich Street,   New York, New York 10013, Attention of [ ], (Fax No.: [ ]) (e-mail: [ ]),   with a copy]; (d) if to any other Senior Representative a party hereto on the   date hereof, to it at: : [ ], Attention of [ ], telecopy [ ]; and (e) if to   any other Representative, to it at the address specified by it in the Joinder   Agreement delivered by it pursuant to Section 8.9. Unless otherwise   specifically provided herein, any notice or other communication herein required   or permitted to be given shall be in writing and, may be personally served,   telecopied, electronically mailed or sent by courier service or U.S. mail and   shall be deemed to have been given when delivered in person or by courier   service, upon receipt of a telecopy or electronic mail or upon receipt via   U.S. mail (registered or certified, with postage prepaid and properly   addressed). For the purposes hereof, the addresses of the parties hereto   shall be as set forth above or, as to each party, at such other address as   may be designated by such party in a written notice to all of the other   parties. I-2-67 

    

 

8.13.Further   Assurances. Each Senior Representative, on behalf of itself and each Senior   Secured Party under the Senior Facility for which it is acting, each Second   Priority Representative, on behalf of itself, and each Second Priority Debt   Party under its Second Priority Debt Facility, agrees that it will take such   further action and shall execute and deliver such additional documents and   instruments (in recordable form, if requested) as the other parties hereto   may reasonably request to effectuate the terms of, and the Lien priorities   contemplated by, this Agreement. 8.14.GOVERNING LAW; WAIVER OF JURY TRIAL.   (A) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS   AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE   WITH, THE LAW OF THE STATE OF NEW YORK. (B) EACH PARTY HERETO HEREBY   IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR   PROCEEDING RELATING TO THIS AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN.   8.15.Binding on Successors and Assigns. This Agreement shall be binding upon   the Senior Representatives, the Senior Secured Parties, the Second Priority   Representatives, the Second Priority Debt Parties, the Borrower, the other   Grantors party hereto and their respective successors and assigns.   8.16.Section Titles. The section titles contained in this Agreement are and   shall be without substantive meaning or content of any kind whatsoever and   are not a part of this Agreement. 8.17.Counterparts. This Agreement may be   executed in one or more counterparts, including by means of facsimile or   other electronic method, each of which shall be an original and all of which   shall together constitute one and the same document. Delivery of an executed   signature page to this Agreement by facsimile or other electronic   transmission shall be as effective as delivery of a manually signed   counterpart of this Agreement. 8.18.Authorization. By its signature, each   Person executing this Agreement on behalf of a party hereto represents and   warrants to the other parties hereto that it is duly authorized to execute   this Agreement. The Administrative Agent represents and warrants that this   Agreement is binding upon the General Credit Facilities Secured Parties. The   Initial Second Priority Representative represents and warrants that this   Agreement is binding upon the Initial Second Priority Debt Parties. 8.19.No   Third Party Beneficiaries; Successors and Assigns. The lien priorities set   forth in this Agreement and the rights and benefits hereunder in respect of   such lien priorities shall inure solely to the benefit of the Senior   Representatives, the Senior Secured Parties, the Second Priority Representatives   and the Second Priority Debt Parties, and their respective permitted   successors and assigns, and no other Person (including the Grantors, or any   trustee, I-2-68 

    

 

receiver,   debtor in possession or bankruptcy estate in a bankruptcy or like proceeding)   shall have or be entitled to assert such rights. 8.20.Effectiveness. This   Agreement shall become effective when executed and delivered by the parties   hereto. 8.21.Administrative Agent and Representative. It is understood and   agreed that the Administrative Agent is entering into this Agreement in its   capacity as administrative agent and collateral agent under the Credit   Agreement and the provisions of Article IX of the Credit Agreement applicable   to the Agents (as defined therein) thereunder shall also apply to the   Administrative Agent hereunder. 8.22.Relative Rights. Notwithstanding   anything in this Agreement to the contrary (except to the extent contemplated   by Section 5.1.1, 5.1.4 or 5.3.2), nothing in this Agreement is intended to   or will (a) amend, waive or otherwise modify the provisions of the Credit   Agreement, any other Senior Debt Document or any Second Priority Debt   Documents, (b) change the relative priorities of the Senior Obligations or   the Liens granted under the Senior Collateral Documents on the Shared   Collateral (or any other assets) as among the Senior Secured Parties, (c)   otherwise change the relative rights of the Senior Secured Parties in respect   of the Shared Collateral as among such Senior Secured Parties or (d) obligate   the Borrower or any other Grantor to take any action, or fail to take any   action, that would otherwise constitute a breach of, or default under, the   Credit Agreement or any other Senior Debt Document or any Second Priority   Debt Document. 8.23.Survival of Agreement. All covenants, agreements,   representations and warranties made by any party in this Agreement shall be   considered to have been relied upon by the other parties hereto and shall   survive the execution and delivery of this Agreement. I-2-69 

    

 

IN WITNESS   WHEREOF, the parties hereto have caused this Agreement to be duly executed by   their respective authorized officers as of the day and year first above   written. BANK OF AMERICA, N.A., as Administrative Agent By: Name: Title: [ ],   as [ ] for the holders of [applicable Additional Senior Debt Facility] By:   Name: Title: [ ], as Initial Additional Authorized Representative By: Name:   Title: I-2-70 

    

 

ACTIVISION   BLIZZARD, INC. By: Name: Title: THE GRANTORS LISTED ON ANNEX I HERETO By:   Name: Title: I-2-71 

    

 

ANNEX I   Grantors [To Come] I-2-72 

    

 

ANNEX II   SUPPLEMENT NO. dated as of [ ], 20[ ] (this “Supplement”), to the SECOND LIEN   INTERCREDITOR AGREEMENT dated as of [ ], 201[ ] (the “Second Lien   Intercreditor Agreement”), among ACTIVISION BLIZZARD, INC., a Delaware   corporation (the “Borrower”), certain subsidiaries and affiliates of the   Borrower (each a “Grantor”), Bank of America, N.A., as Administrative Agent   under the Credit Agreement, [ ], as Initial Second Priority Representative,   and the additional Representatives from time to time party thereto. A.   Capitalized terms used herein and not otherwise defined herein shall have the   meanings assigned to such terms in the Second Lien Intercreditor Agreement.   B. The Grantors have entered into the Second Lien Intercreditor Agreement.   Pursuant to the Credit Agreement, certain Additional Senior Debt Documents   and certain Second Priority Debt Documents, certain newly acquired or   organized Subsidiaries of the Borrower are required to enter into the Second   Lien Intercreditor Agreement. Section 8.7 of the Second Lien Intercreditor   Agreement provides that such Subsidiaries may become party to the Second Lien   Intercreditor Agreement by execution and delivery of an instrument in the   form of this Supplement. The undersigned Subsidiary (the “New Grantor”) is   executing this Supplement in accordance with the requirements of the Credit   Agreement, the Second Priority Debt Documents and Additional Senior Debt   Documents. Accordingly, the Designated Senior Representative and the New   Grantor agree as follows: SECTION 1. In accordance with Section 8.7 of the   Second Lien Intercreditor Agreement, the New Grantor by its signature below   becomes a Grantor under the Second Lien Intercreditor Agreement with the same   force and effect as if originally named therein as a Grantor, and the New   Grantor hereby agrees to all the terms and provisions of the Second Lien   Intercreditor Agreement applicable to it as a Grantor thereunder. Each   reference to a “Grantor” in the Second Lien Intercreditor Agreement shall be   deemed to include the New Grantor. The Second Lien Intercreditor Agreement is   hereby incorporated herein by reference. SECTION 2. The New Grantor   represents and warrants to the Designated Senior Representative and the other   Secured Parties that this Supplement has been duly authorized, executed and   delivered by it and constitutes its legal, valid and binding obligation,   enforceable against it in accordance with its terms, except as such   enforceability may be limited by Bankruptcy Laws and by general principles of   equity. SECTION 3. This Supplement may be executed in counterparts, each of   which shall constitute an original, but all of which when taken together   shall constitute a single contract. This Supplement shall become effective   when the Designated Senior Representative shall have received a counterpart   of this Supplement that bears the signature of the New Grantor. Delivery of   an executed signature page to this Supplement by facsimile transmission or   other electronic method shall be as effective as delivery of a manually   signed counterpart of this Supplement. SECTION 4. Except as expressly   supplemented hereby, the Second Lien Intercreditor Agreement shall remain in   full force and effect. I-2-73 

    

 

SECTION 5. THIS   SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS   OF THE STATE OF NEW YORK. SECTION 6. In case any one or more of the   provisions contained in this Supplement should be held invalid, illegal or   unenforceable in any respect, no party hereto shall be required to comply   with such provision for so long as such provision is held to be invalid,   illegal or unenforceable, but the validity, legality and enforceability of   the remaining provisions contained herein and in the Second Lien   Intercreditor Agreement shall not in any way be affected or impaired. The   parties hereto shall endeavor in good-faith negotiations to replace the   invalid, illegal or unenforceable provisions with valid provisions the   economic effect of which comes as close as possible to that of the invalid,   illegal or unenforceable provisions. SECTION 7. All communications and   notices hereunder shall be in writing and given as provided in Section 8.12   of the Second Lien Intercreditor Agreement. All communications and notices   hereunder to the New Grantor shall be given to it in care of the Borrower as   specified in the Second Lien Intercreditor Agreement. SECTION 8. The Borrower   agrees to reimburse the Designated Senior Representative for its reasonable   and documented out-of-pocket expenses in connection with this Supplement, including   the reasonable fees, other charges and disbursements of counsel for the   Designated Senior Representative as required by the applicable Senior Debt   Documents. I-2-74 

    

 

IN WITNESS   WHEREOF, the New Grantor, and the Designated Senior Representative have duly   executed this Supplement to the Second Lien Intercreditor Agreement as of the   day and year first above written. [NAME OF NEW SUBSIDIARY GRANTOR] By: Name:   Title: Acknowledged by: [ ], as Designated Senior Representative By: Name: Title:   [ ], as Designated Second Priority Representative By: Name: Title: I-2-75 

    

 

ANNEX III [FORM   OF] REPRESENTATIVE SUPPLEMENT NO. [ ] dated as of [ ], 201[ ] to the SECOND   LIEN INTERCREDITOR AGREEMENT dated as of [ ], 201[ ] (the “Second Lien   Intercreditor Agreement”), among Activision Blizzard, Inc., a Delaware   corporation (the “Borrower”), certain subsidiaries and affiliates of the   Borrower (each a “Grantor”), Bank of America, N.A., as Administrative Agent   under the Credit Agreement, [ ], as Initial Second Priority Representative,   and the additional Representatives from time to time party thereto. A.   Capitalized terms used herein but not otherwise defined herein shall have the   meanings assigned to such terms in the Second Lien Intercreditor Agreement.   B. As a condition to the ability of the Borrower to incur Second Priority   Debt and to secure such Second Priority Class Debt with the Second Priority   Lien and to have such Second Priority Class Debt guaranteed by the Grantors,   in each case under and pursuant to the Second Priority Collateral Documents   relating thereto, the Second Priority Class Debt Representative in respect of   such Second Priority Class Debt is required to become a Representative under,   and such Second Priority Class Debt and the Second Priority Class Debt   Parties in respect thereof are required to become subject to and bound by,   the Second Lien Intercreditor Agreement. Section 8.9 of the Second Lien   Intercreditor Agreement provides that such Second Priority Class Debt Representative   may become a Representative under, and such Second Priority Class Debt and   such Second Priority Class Debt Parties may become subject to and bound by,   the Second Lien Intercreditor Agreement as Second Priority Debt Obligations   and Second Priority Debt Parties, respectively, pursuant to the execution and   delivery by the Second Priority Class Debt Representative of an instrument in   the form of this Representative Supplement and the satisfaction of the other   conditions set forth in Section 8.9 of the Second Lien Intercreditor   Agreement. The undersigned Second Priority Class Debt Representative (the   “New Representative”) is executing this Supplement in accordance with the   requirements of the Senior Debt Documents and the Second Priority Debt Documents.   Accordingly, the Designated Senior Representative and the New Representative   agree as follows: SECTION 1. In accordance with Section 8.9 of the Second   Lien Intercreditor Agreement, the New Representative by its signature below   becomes a Representative under, and the related Second Priority Class Debt   and Second Priority Class Debt Parties become subject to and bound by, the   Second Lien Intercreditor Agreement as Second Priority Debt Obligations and   Second Priority Debt Parties, respectively, with the same force and effect as   if the New Representative had originally been named therein as a   Representative, and the New Representative, on behalf of itself and such   Second Priority Class Debt Parties, hereby agrees to all the terms and   provisions of the Second Lien Intercreditor Agreement applicable to it as a   Second Priority Representative and to the Second Priority Class Debt Parties   that it represents. Each reference to a “Representative” or “Second Priority   Representative” in the Second Lien Intercreditor Agreement shall be deemed to   include the New Representative. The Second Lien Intercreditor Agreement is   hereby incorporated herein by reference. SECTION 2. The New Representative   represents and warrants to the Designated Senior Representative and the other   Secured Parties that (i) it has full power and authority to enter into this   Representative Supplement, in its capacity as [agent] [trustee], (ii) this   I-2-76 

    

 

Representative   Supplement has been duly authorized, executed and delivered by it and   constitutes its legal, valid and binding obligation, enforceable against it   in accordance with the terms of such Agreement and (iii) the Second Priority   Debt Documents relating to such Second Priority Class Debt provide that, upon   the New Representative’s entry into this Agreement, the Second Priority Class   Debt Parties in respect of such Second Priority Class Debt will be subject to   and bound by the provisions of the Second Lien Intercreditor Agreement as   Second Priority Debt Parties. SECTION 3. This Representative Supplement may   be executed in counterparts, each of which shall constitute an original, but   all of which when taken together shall constitute a single contract. This   Representative Supplement shall become effective when the Designated Senior   Representative shall have received a counterpart of this Representative   Supplement that bears the signature of the New Representative. Delivery of an   executed signature page to this Representative Supplement by facsimile   transmission or other electronic method shall be effective as delivery of a   manually signed counterpart of this Representative Supplement. SECTION 4.   Except as expressly supplemented hereby, the Second Lien Intercreditor   Agreement shall remain in full force and effect. SECTION 5. THIS   REPRESENTATIVE SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE   WITH, THE LAWS OF THE STATE OF NEW YORK. SECTION 6. In case any one or more   of the provisions contained in this Representative Supplement should be held   invalid, illegal or unenforceable in any respect, no party hereto shall be   required to comply with such provision for so long as such provision is held   to be invalid, illegal or unenforceable, but the validity, legality and   enforceability of the remaining provisions contained herein and in the Second   Lien Intercreditor Agreement shall not in any way be affected or impaired.   The parties hereto shall endeavor in good-faith negotiations to replace the   invalid, illegal or unenforceable provisions with valid provisions the   economic effect of which comes as close as possible to that of the invalid,   illegal or unenforceable provisions. SECTION 7. All communications and   notices hereunder shall be in writing and given as provided in Section 8.12   of the Second Lien Intercreditor Agreement. All communications and notices   hereunder to the New Representative shall be given to it at the address set   forth below its signature hereto. SECTION 8. The Borrower agrees to reimburse   the Designated Senior Representative for its reasonable and documented   out-of-pocket expenses in connection with this Representative Supplement,   including the reasonable fees, other charges and disbursements of counsel for   the Designated Senior Representative as required by the applicable Senior   Debt Documents. I-2-77 

    

 

IN WITNESS   WHEREOF, the New Representative and the Designated Senior Representative have   duly executed this Representative Supplement to the Second Lien Intercreditor   Agreement as of the day and year first above written. [NAME OF NEW   REPRESENTATIVE], as [ ] for the holders of [ ] By: Name: Title: Address for   notices: Attention of: Telecopy: [ ], as Designated Senior Representative By:   Name: Title: I-2-78 

    

 

Acknowledged   by: ACTIVISION BLIZZARD, INC. By: Name: Title: THE GRANTORS LISTED ON   SCHEDULE I HERETO By: Name: Title: I-2-79 

    

 

Schedule I to   the Representative Supplement to the Second Lien Intercreditor Agreement Grantors   [To Come] I-2-80 

    

 

[FORM OF]   REPRESENTATIVE SUPPLEMENT NO. [ ] dated as of [ ], 201[ ] to the SECOND LIEN   INTERCREDITOR AGREEMENT dated as of [ ], 201[ ] (the “Second Lien   Intercreditor Agreement”), among Activision Blizzard, Inc., a Delaware   corporation (the “Borrower”), certain subsidiaries and affiliates of the   Borrower (each a “Grantor”), Bank of America, N.A., as Administrative Agent   under the Credit Agreement, [ ], as Initial Second Priority Representative,   and the additional Representatives from time to time party thereto. A.   Capitalized terms used herein but not otherwise defined herein shall have the   meanings assigned to such terms in the Second Lien Intercreditor Agreement.   B. As a condition to the ability of the Borrower to incur Senior Class Debt   after the date of the Second Lien Intercreditor Agreement and to secure such   Senior Class Debt with the Senior Lien and to have such Senior Class Debt   guaranteed by the Grantors on a senior basis, in each case under and pursuant   to the Senior Collateral Documents relating thereto, the Senior Class Debt   Representative in respect of such Senior Class Debt is required to become a   Representative under, and such Senior Class Debt and the Senior Class Debt   Parties in respect thereof are required to become subject to and bound by,   the Second Lien Intercreditor Agreement. Section 8.9 of the Second Lien   Intercreditor Agreement provides that such Senior Class Debt Representative   may become a Representative under, and such Senior Class Debt and such Senior   Class Debt Parties may become subject to and bound by, the Second Lien   Intercreditor Agreement as Second Priority Debt Obligations and Additional   Senior Debt Parties, respectively, pursuant to the execution and delivery by   the Senior Class Debt Representative of an instrument in the form of this   Representative Supplement and the satisfaction of the other conditions set   forth in Section 8.9 of the Second Lien Intercreditor Agreement. The   undersigned Senior Class Debt Representative (the “New Representative”) is   executing this Supplement in accordance with the requirements of the Senior   Debt Documents and the Second Priority Debt Documents. Accordingly, the   Designated Senior Representative and the New Representative agree as follows:   SECTION 1. In accordance with Section 8.9 of the Second Lien Intercreditor   Agreement, the New Representative by its signature below becomes a   Representative under, and the related Senior Class Debt and Senior Class Debt   Parties become subject to and bound by, the Second Lien Intercreditor   Agreement as Second Priority Debt Obligations and Additional Senior Debt   Parties, respectively, with the same force and effect as if the New   Representative had originally been named therein as a Representative, and the   New Representative, on behalf of itself and such Senior Class Debt Parties,   hereby agrees to all the terms and provisions of the Second Lien   Intercreditor Agreement applicable to it as a Senior Representative and to   the Senior Class Debt Parties that it represents. Each reference to a   “Representative” or “Senior Representative” in the Second Lien Intercreditor   Agreement shall be deemed to include the New Representative. The Second Lien   Intercreditor Agreement is hereby incorporated herein by reference. I-2-81 

    

 

SECTION 2. The   New Representative represents and warrants to the Designated Senior   Representative and the other Secured Parties that (i) it has full power and   authority to enter into this Representative Supplement, in its capacity as [agent]   [trustee], (ii) this Representative Supplement has been duly authorized,   executed and delivered by it and constitutes its legal, valid and binding   obligation, enforceable against it in accordance with the terms of such   Agreement and (iii) the Senior Debt Documents relating to such Senior Class   Debt provide that, upon the New Representative’s entry into this Agreement,   the Senior Class Debt Parties in respect of such Senior Class Debt will be   subject to and bound by the provisions of the Second Lien Intercreditor   Agreement as Senior Secured Parties. SECTION 3. This Representative   Supplement may be executed in counterparts, each of which shall constitute an   original, but all of which when taken together shall constitute a single   contract. This Representative Supplement shall become effective when the   Designated Senior Representative shall have received a counterpart of this   Representative Supplement that bears the signature of the New Representative.   Delivery of an executed signature page to this Representative Supplement by   facsimile transmission or other electronic method shall be effective as   delivery of a manually signed counterpart of this Representative Supplement.   SECTION 4. Except as expressly supplemented hereby, the Second Lien   Intercreditor Agreement shall remain in full force and effect. SECTION 5.   THIS REPRESENTATIVE SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN   ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. SECTION 6. In case any   one or more of the provisions contained in this Representative Supplement   should be held invalid, illegal or unenforceable in any respect, no party   hereto shall be required to comply with such provision for so long as such   provision is held to be invalid, illegal or unenforceable, but the validity,   legality and enforceability of the remaining provisions contained herein and   in the Second Lien Intercreditor Agreement shall not in any way be affected   or impaired. The parties hereto shall endeavor in good-faith negotiations to   replace the invalid, illegal or unenforceable provisions with valid   provisions the economic effect of which comes as close as possible to that of   the invalid, illegal or unenforceable provisions. SECTION 7. All   communications and notices hereunder shall be in writing and given as   provided in Section 8.12 of the Second Lien Intercreditor Agreement. All   communications and notices hereunder to the New Representative shall be given   to it at the address set forth below its signature hereto. SECTION 8. The   Borrower agrees to reimburse the Designated Senior Representative for its   reasonable and documented out-of-pocket expenses in connection with this   Representative Supplement, including the reasonable fees, other charges and   disbursements of counsel for the Designated Senior Representative as required   by the applicable Senior Debt Documents. I-2-82 

    

 

IN WITNESS   WHEREOF, the New Representative and the Designated Senior Representative have   duly executed this Representative Supplement to the Second Lien Intercreditor   Agreement as of the day and year first above written. [NAME OF NEW   REPRESENTATIVE], as [ ] for the holders of [ ] By: Name: Title: Address for   notices: Attention of: Telecopy: [ ], as Designated Senior Representative By:   Name: Title: I-2-83 

    

 

Acknowledged   by: ACTIVISION BLIZZARD, INC. By: Name: Title: THE GRANTORS LISTED ON   SCHEDULE I HERETO By: Name: Title: I-2-84 

    

 

Schedule I to   the Representative Supplement to the Second Lien Intercreditor Agreement   Grantors [To Come] I-2-85 

    

 

EXHIBIT J-1   [FORM OF] UNITED STATES TAX COMPLIANCE CERTIFICATE (For Foreign Lenders That   Are Not Treated As Partnerships For U.S. Federal Income Tax Purposes)   Reference is made to the Credit Agreement dated as of October 11, 2013 (as amended,   supplemented or otherwise modified from time to time) (the “Credit   Agreement”), among Activision Blizzard, Inc., as Borrower, each lender from   time to time party thereto (collectively, the “Lenders”), and Bank of   America, N.A., as Administrative Agent. Capitalized terms used but not   otherwise defined herein shall have the meanings assigned to them in the   Credit Agreement. Pursuant to the provisions of Section 3.01(d) and Section   10.06(d) of the Credit Agreement, the undersigned hereby certifies that (i)   it is the sole record and beneficial owner of the Loan(s) (as well as any   Note(s) evidencing such Loan(s)) in respect of which it is providing this   certificate, (ii) it is not a “bank” within the meaning of Section   881(c)(3)(A) of the Code, (iii) it is not a“ten percent shareholder” of the   Borrower within the meaning of Section 871(h)(3)(B) of the Code, (iv) it is   not a “controlled foreign corporation” related to the Borrower as described   in Section 881(c)(3)(C) of the Code, and (v) no payments in connection with   any Loan Document are effectively connected with the undersigned’s conduct of   a U.S. trade or business. The undersigned has furnished the Administrative   Agentand the Borrower with a certificate of its non-U.S. person status on IRS   Form W-8BEN or IRS Form W-8BEN-E, as appropriate. By executing this   certificate, the undersigned agrees that (1) if the information provided on   this certificate changes, the undersigned shall promptly so inform the   Borrower and the Administrative Agent in writing and (2) the undersigned   shall furnishhave at all times furnished the Borrower and the Administrative   Agent with a properly completed and currently effective certificate in either   the calendar year in which payment is to be made by the Borrower or the   Administrative Agent to the undersigned, or in either of the two calendar   years preceding each such payment. [Signature Page Follows] J-1-1 

    

 

EXHIBIT J-2   [FORM OF] UNITED STATES TAX COMPLIANCE CERTIFICATE (For Foreign Lenders That   Are Treated As Partnerships For U.S. Federal Income Tax Purposes) Reference   is made to the Credit Agreement dated as of October 11, 2013 (as amended,   supplemented or otherwise modified from time to time) (the “Credit   Agreement”), among Activision Blizzard, Inc., as Borrower, each lender from   time to time party thereto (collectively, the “Lenders”), and Bank of   America, N.A., as Administrative Agent. Capitalized terms used but not   otherwise defined herein shall have the meanings assigned to them in the   Credit Agreement. Pursuant to the provisions of Section 3.01(d) and 10.06(d)   of the Credit Agreement, the undersigned hereby certifies that (i) it is the   sole record owner of the Loan(s) (as well as any Note(s) evidencing such   Loan(s)) in respect of which it is providing this certificate, (ii) its   partners/members are the sole beneficial owners of such Loan(s) (as well as   any Note(s) evidencing such Loan(s)), (iii) neither the undersigned nor any   of its partners/members is a“bank” within the meaning of Section 881(c)(3)(A)   of the Code, (iv) none of its partners/members is a“ten percent shareholder”   of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, (v)   none of its partners/members is a “controlled foreign corporation” related to   the Borrower as described in Section 881(c)(3)(C) of the Code, and (vi) no   payments in connection with any Loan Document are effectively connected with   the undersigned’s or its partners/members’ conduct of a U.S. trade or   business. The undersigned has furnished the Administrative Agent and the   Borrower with IRS Form W-8IMY accompanied by one of the following forms from   each of its partners/members claiming the portfolio interest exemption: (i)   an IRS Form W-8BEN orIRS Form W-8BEN-E, as appropriate, or (ii) andan IRS   Form W-8IMY accompanied by an IRS Form W-8BENor IRS Form W-8BEN-E, as   appropriate, from each of such partner’s/member’s beneficial owners that is   claiming the portfolio interest exemption. By executing this certificate, the   undersigned agrees that (1) if the information provided on this certificate   changes, the undersigned shall promptly so inform the Borrower and the   Administrative Agent in writing and (2) the undersigned shall have at all   times furnished the Borrower and the Administrative Agent with a properly   completed and currently effective certificate in either the calendar year in   which each payment is to be made to the undersigned, or in either of the two   calendar years preceding each such payment. [Signature Page Follows] J-2-1 

    

 

EXHIBIT J-3 [FORM   OF] UNITED STATES TAX COMPLIANCE CERTIFICATE (For Foreign Participants That   Are Not Treated As Partnerships For U.S. Federal Income Tax Purposes)   Reference is made to the Credit Agreement dated as of October 11, 2013 (as   amended, supplemented or otherwise modified from time to time) (the “Credit   Agreement”), among Activision Blizzard, Inc., as Borrower, each lender from   time to time party thereto (collectively, the “Lenders”), and Bank of   America, N.A., as Administrative Agent. Capitalized terms used but not   otherwise defined herein shall have the meanings assigned to them in the   Credit Agreement. Pursuant to the provisions of Section 3.01(d) andSection   10.06(d) of the Credit Agreement, the undersigned hereby certifies that (i)   it is the sole record and beneficial owner of the participation in respect of   which it is providing this certificate, (ii) it is not a“bank” within the   meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a “ten percent   shareholder” of the Borrower within the meaning of Section 871(h)(3)(B) of   the Code, (iv) it is not a “controlled foreign corporation” related to the   Borrower as described in Section 881(c)(3)(C) of the Code, and (v) no   payments in connection with any Loan Document are effectively connected with   the undersigned’s conduct of a U.S. trade or business. The undersigned has   furnished its participating Lender with a certificate of its non-U.S. person   status on IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable. By executing   this certificate, the undersigned agrees that (1) if the information provided   on this certificate changes, the undersigned shall promptly so inform such   Lender in writing and (2) the undersigned shall have at all times furnished   such Lender with a properly completed and currently effective certificate in   either the calendar year in which each payment is to be made to the   undersigned, or in either of the two calendar years preceding each such   payment. [Signature Page Follows] J-3-1 

    

 

EXHIBIT J-4   [FORM OF] UNITED STATES TAX COMPLIANCE CERTIFICATE (For Foreign Participants   That Are Treated As Partnerships For U.S. Federal Income Tax Purposes)   Reference is made to the Credit Agreement dated as of October 11, 2013 (as   amended, supplemented or otherwise modified from time to time) (the “Credit   Agreement”), among Activision Blizzard, Inc., as Borrower, each lender from   time to time party thereto (collectively, the “Lenders”), and Bank of   America, N.A., as Administrative Agent. Capitalized terms used but not   otherwise defined herein shall have the meanings assigned to them in the   Credit Agreement. Pursuant to the provisions of Section 3.01(d) andSection   10.06(d) of the Credit Agreement, the undersigned hereby certifies that (i)   it is the sole record owner of the participation in respect of which it is   providing this certificate, (ii) its partners/members are the sole beneficial   owners of such participation, (iii) neither the undersigned nor any of its   partners/members is a“bank” within the meaning of Section 881(c)(3)(A) of the   Code, (iv) none of its partners/members is a“ten percent shareholder” of the   Borrower within the meaning of Section 871(h)(3)(B) of the Code, (v) none of   its partners/members is a “controlled foreign corporation” related to the   Borrower as described in Section 881(c)(3)(C) of the Code, and (vi) no   payments in connection with any Loan Document are effectively connected with   the undersigned’s or its partners/members’ conduct of a U.S. trade or   business. The undersigned has furnished its participating Lender with IRS Form   W-8IMY accompanied by one of the following forms from each of its   partners/members claiming the portfolio interest exemption: (i) an IRS Form   W-8BEN or IRS Form W-8BEN-E, as appropriate, or (ii) andan IRS Form W-8IMY   accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E, as appropriate, from   each of such partner’s/member’s beneficial owners that is claiming the   portfolio interest exemption. By executing this certificate, the undersigned   agrees that (1) if the information provided on this certificate changes, the   undersigned shall promptly so inform such Lender in writing and (2) the   undersigned shall have at all times furnished such Lender with a properly   completed and currently effective certificate in either the calendar year in   which each payment is to be made to the undersigned, or in either of the two   calendar years preceding each such payment. [Signature Page Follows] J-4-1 

    

 

EXHIBIT K [FORM   OF] SOLVENCY CERTIFICATE [Reserved] The undersigned, [ ], the Chief Financial   Officer of Activision Blizzard, Inc. (the “Borrower”), is familiar with the   properties, businesses, assets and liabilities of the Borrower and its   subsidiaries and is duly authorized to execute this certificate (this   “Solvency Certificate”) on behalf of the Borrower. This Solvency Certificate   is delivered pursuant to Section 4.01(a)(x) of the Credit Agreement dated as   of October 11, 2013 (the “Credit Agreement”; terms defined therein unless   otherwise defined herein being used herein as therein defined) among the   Borrower, the Guarantors from time to time party thereto, each Lender from   time to time party thereto, Bank of America, N.A. (“Bank of America”), as   Administrative Agent, and the other agents named therein. As used herein,   “Company” means the Borrower and its Subsidiaries on a consolidated basis. 1.   The undersigned certifies, on behalf of the Borrower and not in his   individual capacity, that he has made such investigation and inquiries as to   the financial condition of the Borrower and its Subsidiaries as the   undersigned deems necessary and prudent for the purposes of providing this   Solvency Certificate. The undersigned acknowledges that the Administrative Agent   and the Lenders are relying on the truth and accuracy of this Solvency   Certificate in connection with the making of Loans under the Credit   Agreement. 2. The undersigned certifies, on behalf of the Borrower and not in   his individual capacity, that (a) the financial information, projections and   assumptions which underlie and form the basis for the representations made in   this Solvency Certificate were made in good faith and were based on   assumptions reasonably believed by the Borrower to be fair in light of the   circumstances existing at the time made; and (b) for purposes of providing   this Solvency Certificate, the amount of contingent liabilities has been   computed as the amount that, in the light of all the facts and circumstances   existing as of the date hereof, represents the amount that can reasonably be   expected to become an actual or matured liability. BASED ON THE FOREGOING,   the undersigned certifies, on behalf of the Borrower and not in his   individual capacity, that, on the date hereof, before and after giving effect   to the Transaction (and the Loans made or to be made and other obligations   incurred or to be incurred on the Closing Date): (i) the fair value of the   property of the Company is greater than the total amount of liabilities,   including contingent liabilities, of the Company; (ii) the present fair   salable value of the assets of the Company is greater than the amount that   will be required to pay the probable liability of the Company on the sum of   its debts and other liabilities, including contingent liabilities; (iii) the   Company has not, does not intend to, and does not believe (nor should it   reasonably believe) that it will, incur debts or liabilities beyond the   Company’s ability to pay such debts and liabilities as they become due   (whether at maturity or otherwise); (iv) the Company does not have   unreasonably small capital with which to conduct the businesses in which it   is engaged as such businesses are now conducted (and reflected in the   projections delivered to the Administrative Agent and the Lenders) and are   proposed to be conducted following the Closing Date; and K-1 

    

 

(v) the Company   is “solvent” within the meaning given to that term and similar terms under   the Bankruptcy Code of the United States and applicable laws relating to   fraudulent transfers and conveyances. IN WITNESS WHEREOF, the undersigned has   executed this Solvency Certificate as of the first date written above, solely   in his capacity as the Chief Financial Officer of the Borrower and not in his   individual capacity. Name: Title: Chief Financial Officer K-2 

    

 

EXHIBIT L LOAN   OFFER PROVISIONS Offer by the Borrower or any of its Subsidiaries to Lenders   to Purchase Term Loans by Assignment (i) The Borrower or any of its   Subsidiaries (each an “Assignee Party”) shall have the right at any time and   from time to time to purchase Initial Term Loans or Tranche A Term Loans at a   discount to the par value of such Initial Term Loans or Tranche A Term Loans   (each, a “Loan Assignment Auction”) pursuant to and in compliance with the   procedures described in this Exhibit L and 10.06(i)(i) of the Credit   Agreement; provided that any Loan Assignment Auction shall be offered to   allInitial Term Lenders or Tranche A Term Lenders, as applicable, on a pro   rata basis. (ii) To the extent an Assignee Party seeks to conduct a Loan   Assignment Auction, such Assignee Party will provide written notice to the   Administrative Agent substantially in the form of Exhibit 1 hereto (each, a   “Loan Assignment Auction Notice”) that such Assignee Party desires to prepay   Initial Term Loans or Tranche A Term Loans in an aggregate principal amount   specified therein by the Assignee Party (each, a “Proposed Auction Assignment   Amount”), in each case at a discount to the par value of such Initial Term   Loans or Tranche A Term Loans as specified below. The Proposed Auction   Assignment Amount of Initial Term Loans or Tranche A Term Loans shall not be   less than $5,000,000. The Loan Assignment Auction Notice shall further   specify with respect to the proposed Loan Assignment Auction: (A) the   Proposed Auction Assignment Amount ofInitial Term Loans or Tranche A Term   Loans, as applicable, (B) a discount range (which may be a single percentage)   selected by the Assignee Party with respect to such proposed Loan Assignment   Auction (expressed as the percentage of par of the principal amount of   Initial Term Loans or Tranche A Term Loans to be purchased) (the “Discount   Range”), and (C) the date by which Appropriate Lenders are required to   indicate their election to participate in such proposed Loan Assignment   Auction, which shall be at least three Business Days following the date of   the Loan Assignment Auction Notice (the “Acceptance Date”). (iii) Upon   receipt of a Loan Assignment Auction Notice in accordance with this Exhibit   L, the Administrative Agent shall promptly notify eachInitial Term Lender or   Tranche A Term Lender, as applicable, thereof. On or prior to the Acceptance   Date, each such Lender may specify by written notice substantially in the   form of Exhibit 2 hereto (each, a “Lender Participation Notice”) to the   Administrative Agent (A) a minimum price (the “Acceptable Price”) within the   Discount Range (for example, 80% of the par value of the Initial Term Loans   or the Tranche A Term Loans, as applicable,to be prepaid) and (B) a maximum   principal amount (subject to rounding requirements specified by the   Administrative Agent) of Initial Term Loans or Tranche A Term Loans, as   applicable, with respect to which such Lender is willing to accept a Loan   Assignment Auction at the Acceptable Price (“Offered Loans”). Each Lender   Participant Notice by a Lender shall be irrevocable. Based on the Acceptable   Prices and principal amounts of Initial Term Loans or Tranche A Term Loans,   as applicable, specified by the Appropriate Lenders in the applicable Lender   Participation Notice, the Administrative Agent, in consultation with the   Assignee Party, shall determine the applicable discount forInitial Term Loans   or Tranche A Term Loans, as applicable, (the “Applicable Discount”), which   Applicable Discount shall be (A) the percentage specified by the Assignee   Party if the Assignee Party has selected a single percentage pursuant to this   Exhibit L for the Loan Assignment Auction or (B) otherwise, the lowest   Acceptable Price at which the Assignee Party can pay the Proposed Auction   Assignment Amount in full (determined by adding the principal amounts of   Offered Loans commencing with the Offered Loans with the lowest Acceptable   Price); provided, however, that in the event that such Proposed Auction   Assignment Amount cannot be paid in full at any Acceptable Price, the   Applicable Discount shall be the highest Acceptable Price specified by the   Appropriate Lenders that is within the Discount Range. The Applicable   Discount shall be applicable for all Appropriate Lenders who have offered to   participate in the Loan Assignment L-1 

    

 

Auction and   have Qualifying Loans (as defined below). Any Appropriate Lender with   outstandingInitial Term Loans or Tranche A Term Loans, as applicable, whose   Lender Participation Notice is not received by the Administrative Agent by   the Acceptance Date shall be deemed to have declined to participate in the   Loan Assignment Auction. (iv) The Assignee Party shall prepay thoseInitial   Term Loans or Tranche A Term Loans, as applicable, (or the respective   portions thereof) offered by the Appropriate Lenders (“Qualifying Lenders”)   that specify an Acceptable Price that is equal to or lower than the   Applicable Discount (“Qualifying Loans”) at the Applicable Discount; provided   that if the aggregate proceeds required to purchase (and if such Assignee   Party is the Borrower or any of its Subsidiaries, prepay) all Qualifying   Loans (disregarding any interest payable at such time) would exceed the   amount of aggregate proceeds required to prepay the Proposed Auction   Assignment Amount, such amounts in each case calculated by applying the   Applicable Discount, the Assignee Party shall prepay such Qualifying Loans   ratably among the Qualifying Lenders based on their respective principal   amounts of such Qualifying Loans (subject to rounding requirements specified   by the Administrative Agent). If the aggregate proceeds required to prepay   all Qualifying Loans (disregarding any interest payable at such time) would   be less than the amount of aggregate proceeds required to prepay the Proposed   Auction Assignment Amount, such amounts in each case calculated by applying   the Applicable Discount, the Assignee Party shall purchase (and if such   Assignee Party is the Borrower or any of its Subsidiaries, prepay) all   Qualifying Loans. (v) Each prepayment by the Borrower or any of its   Subsidiaries pursuant to a Loan Assignment Auction shall be made within five   Business Days of the Acceptance Date (or such other date as the   Administrative Agent shall reasonably agree, given the time required to   calculate the Applicable Discount and determine the amount and holders of   Qualifying Loans), without premium or penalty, upon irrevocable notice   substantially in the form of Exhibit 3 hereto (each a “Loan Auction   Prepayment Notice”), delivered to the Administrative Agent no later than   11:00 a.m. (New York City time), three Business Days prior to the date of   such Loan Assignment Auction. If any Loan Auction Prepayment Notice is given,   the amount specified in such notice shall be due and payable to the   applicable Appropriate Lenders, subject to the Applicable Discount on the   applicableInitial Term Loans or Tranche A Term Loans, as applicable, on the   date specified therein together with accrued interest (on the par principal   amount) to but not including such date on the amount prepaid. (vi) To the   extent not expressly provided for herein, each Loan Assignment Auction shall   be consummated pursuant to reasonable procedures (including as to timing,   rounding and calculation of Applicable Discount in accordance with this   Exhibit L) established by the Administrative Agent in consultation with the   Borrower. (vii) Prior to the delivery of a Loan Auction Prepayment Notice or   an Assignment and Assumption upon written notice to the Administrative Agent,   the Assignee Party may withdraw the Loan Assignment Auction pursuant to any   Loan Assignment Auction Notice. Once submitted to the Administrative Agent, a   Loan Auction Prepayment Notice, or an Assignment and Assumption may not be   withdrawn or modified. L-2 

    

 

EXHIBIT 1 [FORM   OF] LOAN ASSIGNMENT AUCTION NOTICE Dated: , 20[ ] To: BANK OF AMERICA, N.A.,   as Administrative Agent Ladies and Gentlemen: This Loan Assignment Auction   Notice is delivered to you pursuant to Exhibit L of that certain Credit   Agreement, dated as of October 11, 2013 (as amended, restated, amended and   restated, supplemented or otherwise modified from time to time, the “Credit   Agreement”), among Activision Blizzard, Inc., the Guarantors party thereto   from time to time, the lenders and other parties thereto from time to time   and Bank of America, N.A., as Administrative Agent. Assignee Party hereby   notifies you that, effective as of [ , 20], pursuant to clause (ii) of   Exhibit L of the Credit Agreement, Assignee Party hereby notifies each   Appropriate Lender that it is seeking: 1. to prepay [Initial] [Tranche A]1   Term Loans at a discount in an aggregate principal [$ ] 21 (the “Proposed   Auction Assignment amount of Amount”); a percentage discount to the par value   of the principal amount of[Initial] [Tranche A]3 2. Term Loans greater than   or equal to % of par value but less than or equal to [ ]% of par value (the “   Discount Range”); and , 20]42, as determined 3. a Lender Participation Notice   on or before [ pursuant to clause (ii) of Exhibit L of the Credit Agreement   (the “Acceptance Date”). Assignee Party expressly agrees that this Loan   Assignment Auction Notice is subject to the provisions of Section 10.06(i)   and Exhibit L of the Credit Agreement. The Assignee Party hereby represents   and warrants to the Administrative Agent on behalf of the Administrative   Agent and the Appropriate Lenders as follows: 1 Select as appropriate. 21   Insert amount that is minimum of $5,000,000. 3 Select as appropriate. 42   Insert date (a Business Day) that is at least three Business Days after date   of the Loan Assignment Auction Notice. L-3 

    

 

EXHIBIT 2 [FORM   OF] LENDER PARTICIPATION NOTICE Dated: , 20[ ] To: BANK OF AMERICA, N.A., as   Administrative Agent Ladies and Gentlemen: Reference is made to (a) that certain   Credit Agreement, dated as of October 11, 2013 (as amended, restated, amended   and restated, supplemented or otherwise modified from time to time, the   “Credit Agreement”), among Activision Blizzard, Inc., the Guarantors party   thereto from time to time, the lenders and other parties thereto from time to   time and Bank of America, N.A., as Administrative Agent, and (b) that certain   Loan Assignment Auction Notice, dated signatory thereto (the “Loan Assignment   Auction Notice”). , 20, from the Assignee Party The undersigned Lender hereby   gives you notice, pursuant to Exhibit L of the Credit Agreement, that it is   willing to accept a Loan Assignment Auction on[Initial] [Tranche A] Term   Loans held by such Lender: 1. in a maximum aggregate principal amount of of [Initial]   [Tranche A]1 Term Loans (the “Offered $ Loans”), and 2. at a percentage   discount to par value of the principal amount of Offered Loans equal to [ ]%   21 of par value (the “Acceptable Discount”). The undersigned Lender expressly   agrees that this offer is subject to the provisions of Exhibit L of the   Credit Agreement. Furthermore, conditioned upon the Applicable Discount   determined pursuant to Exhibit L of the Credit Agreement being a percentage   of par value less than or equal to the Acceptable Discount, the undersigned   Lender hereby expressly consents and agrees to a prepayment of its[Initial]   [Tranche A]3 Term Loans pursuant to Exhibit L of the Credit Agreement in an   aggregate principal amount equal to the Offered Loans, as such principal   amount may be reduced if the aggregate proceeds required to prepay Qualifying   Loans (disregarding any interest payable in connection with such Qualifying   Loans) would exceed the Proposed Auction Assignment Amount for the relevant   Loan Assignment Auction, and acknowledges and agrees that such prepayment of   its[Initial] [Tranche A]4 Term Loans will be allocated at par value, but the   actual payment made to such Lender will be reduced in accordance with the   Applicable Discount. 1 Select as appropriate. 21 Insert amount within   Discount Range that is a multiple of 25 basis points. 3 Select as   appropriate. 4 Select as appropriate. L-6 

    

 

EXHIBIT 3 [FORM   OF] LOAN AUCTION PREPAYMENT NOTICE Date: , 20 To: BANK OF AMERICA, N.A., as   Administrative Agent Ladies and Gentlemen: This Loan Auction Prepayment   Notice is delivered to you pursuant to clause (v) of Exhibit L of that   certain Credit Agreement dated as of October 11, 2013 (as amended, restated,   amended and restated, supplemented or otherwise modified from time to time,   the “Credit Agreement”), among Activision Blizzard, Inc., the Guarantors   party thereto from time to time, the lenders and other parties thereto from   time to time and Bank of America, N.A., as Administrative Agent. The Assignee   Party (as defined in Exhibit L of the Credit Agreement) identified on the   signature pages hereof hereby irrevocably notifies you that, pursuant to   clause (v) of Exhibit L of the Credit Agreement, the Assignee Party will   prepay Qualifying Loans, which shall be made: , 20]1, as determined pursuant   to clause (ii) of Exhibit L of 1. on or before [ the Credit Agreement, 2. in   the aggregate principal amount of $ of [Initial] [Tranche A]2 Term Loans, and   3. at a percentage discount to the par value of the principal amount of the[Initial]   [Tranche A]3 Term Loans equal to [ ]% of par value (the “Applicable   Discount”). The Assignee Party expressly agrees that this Loan Auction   Prepayment Notice is irrevocable and is subject to the provisions of Exhibit   L of the Credit Agreement. The Assignee Party hereby represents and warrants   to the Administrative Agent on behalf of the Administrative Agent and the   Appropriate Lenders as follows: 1. No Event of Default has occurred and is   continuing or would result from the Assignee Party prepaying Loans pursuant   to the Loan Assignment Auction. 1 Insert date (a Business Day) that is no   later than three Business Days after date of this Notice and no later than   five Business Days after the Acceptance Date (or such later date as the   Administrative Agent shall reasonably agree, given the time required to   calculate the Applicable Discount and determine the amount and holders of   Qualifying Loans). 2 Select as appropriate. 3 Select as appropriate. L-8ex10-1.htm

Exhibit 10.1

 

AMENDMENT TO THE AEHR TEST SYSTEMS

CONVERTIBLE NOTE PURCHASE AND CREDIT FACILITY AGREEMENT 

AND 9.0% NOTES

 

This Amendment (this “Amendment”) to the Aehr Test Systems Convertible Note Purchase and Credit Facility Agreement dated April 10, 2015 (the “Original Purchase Agreement”) and each of the 9.0% Convertible Secured Notes Due 2017 issued or issuable thereunder (the “9.0% Notes”) is made as of August 22, 2016, by and between Aehr Test Systems, a California corporation (the “Company”), and the undersigned Purchasers (as defined under the Original Purchase Agreement), who also are “Holders” (as defined under the 9.0% Notes). All references to “Purchasers” in this Amendment shall also be references to “Holders” under the 9.0% Notes. 

 

WHEREAS, the Company and the undersigned Purchasers wish to amend the Original Purchase Agreement and the 9.0% Notes and the other Transaction Documents (as defined under the Original Purchase Agreement), as set forth herein.

 

NOW THEREFORE, the parties agree as follows:

 

1.     The second sentence of Section 2(a) of the 9.0% Notes (whether already issued or issuable in the future) is hereby amended and restated in its entirety to read as follows:

 

“For the purposes hereof, “Maturity Date” means April 10, 2019.”

 

The definition of “Securities” found in Section 11 of the 9.0% Notes (whether already issued or issuable in the future) is hereby amended by replacing “April 10, 2017” with “April 10, 2019”. Other references to the “9.0% Convertible Secured Note Due 2017” and other references to the due date of the 9.0% Notes throughout the Transaction Documents shall be adjusted in accordance with the foregoing. 

 

2.     Section 4(a) of the 9.0% Notes (whether already issued or issuable in the future) is hereby amended and restated in its entirety to read as follows:

 

“(a)     The Company may, upon not more than sixty (60) days but not less than fifteen (15) days’ notice (the date all of the holders of this Security received such notice is referred to as the “Forced Conversion Notice Date”), subject to the conditions set forth below, convert up to the principal amount of this Security plus accrued and unpaid interest (although Holder may elect to have accrued but unpaid interest paid in cash) to, but excluding, the Forced Conversion Date (a “Forced Conversion”) on the date of Forced Conversion (the “Forced Conversion Date”) at the then applicable Conversion Price if the Weighted Average Price of the Common Stock on each Trading Day during the thirty (30) consecutive Trading Days ending on the Trading Day prior to the date of mailing of the notice of Forced Conversion (such date, the “Notice Date” and such period, the “Measuring Period”) is no less than $6.51 (as adjusted for any stock dividend, stock split, reverse stock split, stock combination, reorganization, reclassification or similar transaction either after the Subscription Date or during the Measuring Period), provided, that in no event shall the Company effect any Forced Conversion if the number of shares to be issued and issuable upon such forced conversion exceeds 25% of the arithmetic average of the daily trading volume (as reported by 

 

 

 

 

 

Bloomberg) of the Company’s Common Stock during each Trading Day of the Measuring Period.” 

   

3.     The definition of “Conversion Price” found in Section 11 of the 9.0% Notes (whether already issued or issuable in the future) is hereby amended and restated in its entirety to read as follows:

 

““Conversion Price” means $2.30 per share of Common Stock, such amount being subject to adjustment in all respects as provided in Section 3 of this Note.” 

 

4.     The definition of “Excluded Securities” found in Section 11 of the 9.0% Notes (whether already issued or issuable in the future) is hereby amended and restated in its entirety to read as follows:

 

““Excluded Securities” means any shares of Common Stock issued or issuable: (i) in connection with any Approved Stock Plan not to exceed a maximum of an aggregate of 900,000 shares of Common Stock (as adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction occurring after the Subscription Date) per calendar year relating to or arising from grants of options or stock under all Approved Stock Plans; (ii) pursuant to the terms of the Securities; provided that the terms of such Securities are not amended, modified or changed on or after the Subscription Date; (iii) upon conversion or exercise of any Options or Convertible Securities which are outstanding on the day immediately preceding the Subscription Date, provided that the terms of such Options or Convertible Securities are not amended, modified or changed on or after the Subscription Date; (iv) to suppliers or third party service providers in connection with the provisions of goods or services pursuant to transaction approved by the Board of Directors; and (v) to the venture capital arm of any one (but not more than one) customer of the Company as may be approved by the Board of Directors of the Company (provided, that such entity is in the regular business of making venture capital investments); provided, however that any shares of Common Stock issued or issuable pursuant to clause (iv) above shall not be considered "Excluded Securities" if and to the extent such Common Stock issued or issuable upon such event is in excess of 400,000 shares of Common Stock (as adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction occurring after the Subscription Date) when aggregated with any other shares of Common Stock that have been issued or will be issuable in connection with any event described in clause (iv) above, in each case as may be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction.”

 

5.     The definition of “Securities” found in Section 11 of the 9.0% Notes (whether already issued or issuable in the future) is hereby amended by replacing “April 10, 2017” with “April 10, 2019”.

 

6.     The term “Due 2017” in Exhibit A of the Original Purchase Agreement and the title of the 9.0% Notes shall be replaced with “Due 2019”; and the term “due 2017” in Section 1(a) of the Original Purchase Agreement and the first sentence of the 9.0% Notes shall be replaced with “due 2019”.

 

 

2

 

  

7.     The Company agrees and acknowledges that it cannot and will not borrow any additional money or funds from the Purchasers (whether under the Original Purchase Agreement, as amended, or otherwise), without the Purchasers’ further express written agreement.

 

8.     The Company represents and warrants to the Purchasers that each of the representations and warranties of the Company contained in Section 3 of the Original Purchase Agreement or in any other Transaction Document is true and correct in all material respects on and as of the date hereof (except for (i) representations and warranties that are already qualified by a materiality standard, which are true in all respects, and (ii) representations and warranties that speak as of a specific date which shall be true and correct as of such specified date). No Material Adverse Effect (as defined in the Original Purchase Agreement) has occurred after April 10, 2015. The date hereof shall be treated as a “Closing Date” for purposes of the Original Purchase Agreement. 

 

9.     The Company hereby (i) affirms and confirms each of its pledges, grants and other agreements under each Security Document, and (ii) agrees that, notwithstanding the effectiveness of this Amendment, each Security Document, and all pledges, grants and other agreements thereunder shall continue to be in full force and effect in respect of, and to secure, the Obligations. The Company hereby (a) affirms that the Liens granted in or pursuant to the Security Agreement and any other Transaction Document are valid and subsisting and remain perfected first priority security interests in favor of the Purchasers both before and after giving effect to this Amendment, subject only to such exceptions as expressly provided for under the Transaction Documents, and (b) agrees that this Amendment and all documents executed in connection herewith shall in no manner impair or otherwise adversely affect any of the Liens granted in or pursuant to the Security Agreement or any other Transaction Document.

 

10.    The Company represents and warrants that there have been no changes to the Perfection Certificate since the initial Closing Date other than as expressly set forth in Schedule 1 to this Amendment. The Company covenants that within 30 days after the date hereof, it shall take all actions reasonably requested by the Purchasers to comply with the Company’s obligations under Section 4 of the Security Agreement (including clauses (g) and (h) thereof) and Section 5 of the Security Agreement.

 

11.    The Company represents and warrants to the Purchasers that the Company has (a) delivered to the Purchasers duly authorized and executed 9% Notes in the principal amount of $6,110,000 (including a principal amount of $2,000,000 issued upon conversion of 5% Notes) and (b) performed and complied in all material respects with all agreements, obligations and conditions contained in the Original Purchase Agreement and the other Transaction Documents (as defined in the Original Purchase Agreement) that are or were required to be performed or complied with by it on or before the date hereof, and the Company has obtained all approvals, consents and qualifications necessary to issue all 5% Notes and 9% Notes and all Common Stock and other Convertible Securities issuable upon conversion of the 9% Notes.

 

12.    To date, there has been no Event of Default (as defined in either the 5% Notes and/or 9% Notes), or event which, with the giving notice or passage of time or both, would become an Event of Default.

   

13.    The Company represents and warrants to the Purchasers that the Company has a sufficient number of duly authorized and unissued shares of Common Stock reserved solely for the 

 

 

3

 

 

issuance of Common Stock issuable upon conversion of the 9% Notes, including any shares of Common Stock issuable following the effectiveness of this Amendment. The Company covenants and agrees with the Purchasers that it shall always reserve and keep available a sufficient number of duly authorized and unissued shares of Common Stock solely for the issuance of Common Stock issuable upon conversion of the 9% Notes. 

 

14.    The Company covenants and agrees with the Purchasers that it shall promptly file and/or amend its registration statement on Form S-3 (and keep it effective) so that the Purchasers will be able to sell under such Form S-3 registration statement any and all of the shares of Common Stock issuable upon conversion of any and all of the 9% Notes, including any shares of Common Stock issuable following the effectiveness of this Amendment. 

 

15.    The Company on behalf of itself and each of itself, its Affiliates, successors and assigns, each of their past and present officers, directors, employees, shareholders, advisers, agents and representatives (the “Releasing Persons”), hereby releases and forever discharges the Purchasers and all of their Affiliates (as defined in the 9% Notes) and each of their officers, directors, employees, partners, advisors and representatives (the “Released Persons”), from all possible claims, demands, actions, causes of action, damages, costs, expenses and liabilities whatsoever, known or unknown, at law or in equity, which such Releasing Person may now have or may hereafter have against a Purchaser or any other Released Person, for any action or inaction taken on or prior to the date hereof with respect to or relating to the Original Purchase Agreement, the 5.0% and 9.0% Notes or any other Transaction Documents. The Company hereby acknowledges and agrees that it does not (and each Releasing Person does not) have any defenses, counterclaims, offsets, cross-claims, claims or demands of any kind or nature whatsoever that can be asserted to reduce or eliminate all or any part of the liability of the Company to repay the Purchasers as provided in the Original Purchase Agreement, the 9.0% Notes or any other Transaction Document or to seek affirmative relief or damages of any kind or nature from the Purchasers. 

 

16.    This Amendment may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original and all of which shall constitute the same instrument. This Amendment may be executed and exchanged by facsimile or .pdf signature, all of which shall be deemed to be effective.

 

17.    The Company represents and warrants to the Purchasers that this Amendment has been duly authorized and duly and validly executed and delivered by the Company and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as enforceability may be limited by applicable insolvency, bankruptcy or other laws affecting creditors' rights generally, or general principles of equity, whether such enforceability is considered in a proceeding in equity or at law.

 

18.    Upon the execution of this Amendment by the Company and each of the Purchasers, this Amendment shall be binding upon all parties to the Original Purchase Agreement and the 9.0% Notes. 

   

19.    Except as set forth herein, the Original Purchase Agreement, the 9.0% Notes and the other Transaction Documents shall remain in full force and effect and shall be binding on all parties thereto. All terms not otherwise defined herein shall have the meanings prescribed to them in the Original Purchase Agreement, the 9.0% Notes and the other Transaction Documents. This

 

 

4

 

 

Amendment shall be deemed to be a Transaction Document for purposes of the Original Purchase Agreement, the 9.0% Notes and any other Transaction Document. All references to “Transaction Document(s)” (whether the Original Purchase Agreement, the 9% Notes, the 5% Notes, the Security Agreement or any other Transaction Documents) herein and in any and all Transaction Documents shall also include the terms of this Amendment, so that each Transaction Document is deemed amended by this Amendment for all purposes, and this Amendment is hereby incorporated by reference into each Transaction Document.

 

20.    Except as expressly set forth above, this Amendment shall not by implication or otherwise alter, limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Purchasers, or any terms, conditions or obligations of the Company, under Original Purchase Agreement and the 9.0% Notes or any other Transaction Document, each of which shall remain in full force and effect. Nothing contained in this Amendment shall, or shall be deemed to, constitute a waiver of any past, present or future violation of any provision of the Original Purchase Agreement, the 9.0% Notes or any other Transaction Document, or constitute a course of dealing or other basis for altering any provision thereof. Except as expressly set forth herein, nothing herein shall be deemed to entitle the Company to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Original Purchase Agreement, 9.0% Note or any other Transaction Document in similar or different circumstances. The Purchasers reserve all of their rights and remedies under the Original Purchase Agreement, 9.0% Note or any other Transaction Document. This Amendment shall be governed by and construed in accordance with the laws of New York State, without giving effect to conflict of laws provisions.

 

* * *

 

 

5

 

  

IN WITNESS WHEREOF, the parties have duly executed this Amendment as of the date set forth above.

 

	
 
	
COMPANY:
	
 

	 	 	 
	 	AEHR TEST SYSTEMS	 
	
 
	
 
	
 
	
 

	 	 	 	 
	
 
	
 
	
 
	
 

	
 
	
By: 
	
/s/ Gayn Erickson
	
 

	
 
	
Name: GAYN ERICKSON
	
 

	
 
	
Title: CEO, AEHR TEST
	
 

 

 

 [Signature Page to the Amendment to the Aehr Test Systems Convertible Note Purchase and Credit Facility Agreement and 9.0% Notes] 

 

  

IN WITNESS WHEREOF, the parties have duly executed this Amendment as of the date set forth above.

 

	
 
	
PURCHASER:
	
 

	 	 	 
	 	QUINTESSENCE FUND L.P.	 
	 	 	 
	 	By: QVT Associates GP LLC, its general partner	 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
By: 
	
/s/ Tracy Fu
	
 

	
 
	
Name:  Tracy Fu
	
 

	
 
	
Title:    Managing Member
	
 

 

 

[Signature Page to the Amendment to the Aehr Test Systems Convertible Note Purchase and Credit Facility Agreement and 9.0% Notes] 

 

  

IN WITNESS WHEREOF, the parties have duly executed this Amendment as of the date set forth above.

 

	
 
	
PURCHASER:
	
 

	 	 	 
	 	QVT FUND V LP	 
	 	 	 
	 	By: QVT Associates GP LLC, its general partner	 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
By: 
	
/s/ Tracy Fu
	
 

	
 
	
Name:  Tracy Fu
	
 

	
 
	
Title:     Managing Member
	
 

 

[Signature Page to the Amendment to the Aehr Test Systems Convertible Note Purchase and Credit Facility Agreement and 9.0% Notes]

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