Document:

Exhibit 10.1

 

Execution Version

 

SUPPORT AGREEMENT

 

THIS SUPPORT AGREEMENT
(this “Agreement”) is dated as of September 26, 2020, by and among each stockholder of WPX Energy, Inc.,
a Delaware corporation (the “Company”), set forth on Schedule A hereto (each, a “Stockholder”
and collectively, the “Stockholders”), and Devon Energy Corporation, a Delaware corporation (“Parent”).

 

W I T N E S S E T H:

 

WHEREAS, concurrently
with the execution and delivery of this Agreement, Parent, the Company and East Merger Sub, Inc., a Delaware corporation and
a wholly-owned Subsidiary of Parent (“Merger Sub”), are entering into an Agreement and Plan of Merger, dated
as of the date hereof (as the same may be amended or supplemented, the “Merger Agreement”), providing that,
among other things, upon the terms and subject to the conditions set forth in the Merger Agreement, the Company will be merged
(the “Merger”) with Merger Sub, and each outstanding share of common stock, par value $0.01 per share, of the
Company (“Company Common Stock”) will be converted into shares of common stock, par value $0.10 per share, of
Parent (“Parent Common Stock”) as provided in the Merger Agreement;

 

WHEREAS, each Stockholder
beneficially owns such number of shares of Company Common Stock set forth opposite such Stockholder’s name on Schedule
A hereto (collectively, such shares of Company Common Stock are referred to herein as the “Subject Shares”);
and

 

WHEREAS, as a condition
and inducement to Parent to enter into the Merger Agreement, Parent has required that the Stockholders enter into this Agreement.

 

NOW, THEREFORE, to
induce Parent to enter into, and in consideration of its entering into, the Merger Agreement, and in consideration of the promises
and the representations, warranties and agreements contained herein and therein, the parties, intending to be legally bound hereby,
agree as follows:

 

1.             Representations
and Warranties of each Stockholder. Each Stockholder hereby represents and warrants to Parent, severally and not jointly, as
of the date hereof as follows:

 

(a)           Due
Organization. Such Stockholder is an entity duly formed under the laws of its jurisdiction of formation and is validly existing
and in good standing under the laws thereof.

 

     

     

    

 

(b)           Authority;
No Violation. Such Stockholder has full organizational power and authority to execute and deliver this Agreement and to perform
its obligations hereunder. The execution and delivery of this Agreement and the performance of its obligations hereunder have been
duly and validly approved by the governing authority of such Stockholder and no other organizational proceedings on the part of
such Stockholder are necessary to approve this Agreement and to perform its obligations hereunder. This Agreement has been duly
and validly executed and delivered by such Stockholder and (assuming due authorization, execution and delivery by Parent) this
Agreement constitutes a valid and binding obligation of such Stockholder, enforceable against such Stockholder in accordance with
its terms, subject to the Enforceability Exceptions. Neither the execution and delivery of this Agreement by such Stockholder,
nor the consummation by such Stockholder of the transactions contemplated hereby, nor compliance by such Stockholder with any of
the terms or provisions hereof, will (x) violate any provision of the governing documents of such Stockholder, (y) violate
any statute, code, ordinance, rule, regulation, judgment, order, writ, decree or injunction applicable to such Stockholder, or
any of its properties or assets, or (z) violate, conflict with, result in a breach of any provision of or the loss of any
benefit under, constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under,
result in the termination of or a right of termination or cancellation under, accelerate the performance required by, or result
in the creation of any lien, claim, mortgage, encumbrance, pledge, deed of trust, security interest, equity or charge of any kind
(each, a “Lien”) upon any of the Subject Shares pursuant to any of the terms, conditions or provisions of any
note, bond, mortgage, indenture, deed of trust, license, lease, agreement or other instrument or obligation to which such Stockholder
is a party, or by which it or any of its properties or assets may be bound or affected, except, in the case of this clause (z),
for such matters that would not, individually or in the aggregate, impair the ability of such Stockholder to perform its obligations
under this Agreement.

 

(c)           The
Subject Shares. As of the date of this Agreement, such Stockholder is the beneficial owner of and, together with the applicable
controlling entity or entities of such Stockholder set forth on Schedule A hereto (as applicable, the “Controlling
Entities”), has the sole right to vote and dispose of the Subject Shares set forth opposite such Stockholder’s
name on Schedule A hereto, free and clear of any Liens whatsoever, except for any Liens which arise hereunder, in each case
except as disclosed in any Schedule 13D filed by such Stockholder prior to the date hereof. Other than that certain stockholders
agreement, dated as of March 6, 2020, by and among the Company, Felix Investments Holdings II, LLC, and solely for certain
purposes, EnCap Energy Capital Fund X, L.P., Skye Callantine and Michael Horton (the “Stockholders’ Agreement”),
none of the Subject Shares is subject to any voting trust or other similar agreement, arrangement or restriction, except as contemplated
by this Agreement. Without limiting the generality of the foregoing, other than the Stockholders’ Agreement (i) there
are no agreements or arrangements of any kind, contingent or otherwise, obligating such Stockholder to sell, transfer (including
by tendering into any tender or exchange offer), assign, grant a participation interest in, option, pledge, hypothecate or otherwise
dispose of or encumber, including by operation of law or otherwise (each, a “Transfer”), or cause to be Transferred,
any of the Subject Shares, other than a Transfer, such as a hedging or derivative transaction, with respect to which such Stockholder
(and/or its Controlling Entities) retains its Subject Shares and the sole right to vote, dispose of and exercise dissenters’
rights with respect to its Subject Shares during the Applicable Period (as defined below), and (ii) no Person has any contractual
or other right or obligation to purchase or otherwise acquire any of the Subject Shares. Other than the Subject Shares, such Stockholder
does not own any equity interests or other equity-based securities in the Company or any of its Subsidiaries.

 

    	 	2	 

     

    

 

(d)           Absence
of Litigation. There is no litigation, suit, claim, action, proceeding or investigation pending, or to the knowledge of such
Stockholder, threatened against such Stockholder, or any property or asset of such Stockholder, before any Governmental Entity
that seeks to delay or prevent the consummation of the transactions contemplated by this Agreement.

 

(e)           No
Consents Required. No consent of, or registration, declaration or filing with, any Person or Governmental Entity is required
to be obtained or made by or with respect to such Stockholder in connection with the execution, delivery and performance of this
Agreement and except for any applicable requirements and filings with the SEC, if any, under the Exchange Act and except where
the failure to obtain such consents, approvals, authorizations or permits, or to make such filings or notifications, would not
prevent or delay the performance by such Stockholder of such Stockholder’s obligations under this Agreement in any material
respect.

 

(f)            Reliance.
Such Stockholder understands and acknowledges that Parent is entering into the Merger Agreement in reliance upon such Stockholder’s
execution and delivery of this Agreement.

 

(g)           Stockholder
Has Adequate Information. Such Stockholder is a sophisticated seller with respect to the Subject Shares and has adequate information
concerning the business and financial condition of Parent to make an informed decision regarding the Merger and the transactions
contemplated thereby and has independently and without reliance upon Parent and based on such information as such Stockholder has
deemed appropriate, made its own analysis and decision to enter into this Agreement. Such Stockholder acknowledges that Parent
has not made and does not make any representation or warranty, whether express or implied, of any kind or character except as expressly
set forth in the Merger Agreement and this Agreement. Notwithstanding the foregoing, and for the elimination of doubt, such Stockholder
is not waiving and is expressly preserving any claims that might arise in connection with the Registration Statement contemplated
to be filed in connection with the Merger.

 

    	 	3	 

     

    

 

2.             Representations
and Warranties of Parent. Parent hereby represents and warrants to each Stockholder as of the date hereof as follows:

 

(a)           Due
Organization. Parent is a corporation duly incorporated under the laws of the State of Delaware and is validly existing and
in good standing under the laws thereof.

 

(b)           Authority;
No Violation. Parent has full corporate power and authority to execute and deliver this Agreement. The execution and delivery
of this Agreement have been duly and validly approved by the Board of Directors of Parent and no other corporate proceedings on
the part of Parent are necessary to approve this Agreement. This Agreement has been duly and validly executed and delivered by
Parent and (assuming due authorization, execution and delivery by the Stockholders) this Agreement constitutes a valid and binding
obligation of Parent, enforceable against Parent in accordance with its terms, subject to the Enforceability Exceptions. Neither
the execution and delivery of this Agreement by Parent, nor the consummation by Parent of the transactions contemplated hereby,
nor compliance by Parent with any of the terms or provisions hereof, will (x) violate any provision of the governing documents
of Parent or the certificate of incorporation, bylaws or similar governing documents of any of Parent’s Subsidiaries, (y) violate
any statute, code, ordinance, rule, regulation, judgment, order, writ, decree or injunction applicable to the Parent or any of
Parent’s Subsidiaries, or any of their respective properties or assets, or (z) violate, conflict with, result in a breach
of any provision of or the loss of any benefit under, constitute a default (or an event which, with notice or lapse of time, or
both, would constitute a default) under, result in the termination of or a right of termination or cancellation under, accelerate
the performance required by, or result in the creation of any Lien upon any of the respective properties or assets of Parent or
any of Parent’s Subsidiaries under, any of the terms, conditions or provisions of any note, bond, mortgage, indenture, deed
of trust, license, lease, agreement or other instrument or obligation to which Parent or any of Parent’s Subsidiaries is
a party, or by which they or any of their respective properties or assets may be bound or affected.

 

3.             Covenants
of Each Stockholder. Each Stockholder, severally and not jointly, agrees as follows; provided that all of the following
covenants shall apply solely to actions taken by such Stockholder in its capacity as a stockholder of the Company:

 

(a)           Agreement
to Vote Subject Shares. During the Applicable Period, at any meeting of the stockholders of the Company, however called, or
at any postponement or adjournment thereof, or in any other circumstance upon which a vote or other approval of all or some of
the stockholders of the Company is sought, such Stockholder shall, and shall cause any holder of record of its Subject Shares on
any applicable record date to, vote: (i) in favor of adoption of the Merger Agreement and approval of any other matter that
is required to be approved by the stockholders of the Company in order to effect the Merger; (ii) against any merger agreement
or merger (other than the Merger Agreement and the Merger), consolidation, combination, sale or transfer of a material amount of
assets, reorganization, recapitalization, dissolution, liquidation or winding up of or by the Company or any of its Subsidiaries
that is prohibited by the Merger Agreement (unless, in each case, such transaction is approved in writing by Parent) or any Acquisition
Proposal with respect to the Company; and (iii) against any amendment of the Company’s certificate of incorporation
or bylaws or other proposal or transaction involving the Company or any of its Subsidiaries, which amendment or other proposal
or transaction would in any manner delay, impede, frustrate, prevent or nullify the Merger, the Merger Agreement or any of the
transactions contemplated by the Merger Agreement or change in any manner the voting rights of any outstanding class of capital
stock of the Company. During the Applicable Period, such Stockholder (and/or its Controlling Entities) shall retain at all times
the right to vote all of its Subject Shares in such Stockholder’s sole discretion and without any other limitation on those
matters other than those set forth in this Section 3(a) that are at any time or from time to time presented for
consideration to the Company’s stockholders generally. During the Applicable Period, in the event that any meeting of the
stockholders of the Company is held, such Stockholder shall (or shall cause the holder of record on any applicable record date
to) appear at such meeting or otherwise cause all of its Subject Shares to be counted as present thereat for purposes of establishing
a quorum. During the Applicable Period, such Stockholder further agrees not to commit or agree, and to cause any record holder
of its Subject Shares not to commit or agree, to take any action inconsistent with the foregoing during the Applicable Period.
 “Applicable Period” means the period from and including the date of this Agreement to and including the date
of the termination of this Agreement.

 

    	 	4	 

     

    

 

(b)           No
Transfers. Except as provided in the last sentence of this Section 3(b), such Stockholder agrees not to, and to
cause any record holder of its Subject Shares, not to, in any such case directly or indirectly, during the Applicable Period (i) Transfer
or enter into any agreement, option or other arrangement (including any profit sharing arrangement) with respect to the Transfer
of, any of its Subject Shares (or any interest therein) to any Person, other than the exchange of its Subject Shares for Parent
Common Stock in accordance with the Merger Agreement or (ii) grant any proxies, or deposit any of its Subject Shares into
any voting trust or enter into any voting arrangement, whether by proxy, voting agreement or otherwise, with respect to its Subject
Shares, other than pursuant to this Agreement. Subject to the last sentence of this Section 3(b), such Stockholder
further agrees not to commit or agree to take, and to cause any record holder of any of its Subject Shares not to commit or agree
to take, any of the foregoing actions during the Applicable Period. Notwithstanding the foregoing, such Stockholder shall have
the right to (a) Transfer its Subject Shares to an Affiliate if and only if such Affiliate shall have agreed in writing, in
a manner acceptable in form and substance to Parent, (i) to accept such Subject Shares subject to the terms and conditions
of this Agreement, and (ii) to be bound by this Agreement as if it were “a Stockholder” for all purposes of this
Agreement; provided, however, that no such transfer shall relieve such Stockholder from its obligations under this
Agreement with respect to any Subject Shares or (b) Transfer its Subject Shares in a transaction, such as a hedging or derivative
transaction, with respect to which such Stockholder retains the sole right to vote, dispose of and exercise dissenters’ rights
with respect to its Subject Shares during the Applicable Period; provided that no such transaction shall (x) in any
way limit any of the obligations of such Stockholder under this Agreement, or (y) have any adverse effect on the ability of
the Stockholders to perform their obligations under this Agreement.

 

    	 	5	 

     

    

 

(c)           Reserved.

 

(d)           Adjustment
to Subject Shares. In case of a stock dividend or distribution, or any change in the Company Common Stock by reason of any
stock dividend or distribution, split-up, recapitalization, combination, exchange of shares or the like, the term “Subject
Shares” shall be deemed to refer to and include the Subject Shares as well as all such stock dividends and distributions
and any securities into which or for which any or all of the Subject Shares may be changed or exchanged or which are received in
such transaction.

 

(e)           Non-Solicitation.
Except to the extent that the Company or its Board of Directors is permitted to do so under the Merger Agreement, but subject to
any limitations imposed on the Company or its Board of Directors under the Merger Agreement, such Stockholder agrees, solely in
its capacity as a stockholder of the Company, that it shall not, and shall cause its Affiliates and shall use its reasonable best
efforts to cause its and their respective Representatives not to (i) directly or indirectly initiate or solicit, or knowingly
encourage or facilitate (including by way of furnishing non-public information relating to the Company or any of its Subsidiaries)
any inquiries or the making or submission of any proposal that constitutes, or could reasonably be expected to lead to, an Acquisition
Proposal with respect to the Company, (ii) participate or engage in discussions or negotiations with, or disclose any non-public
information or data relating to the Company or any of its Subsidiaries to any Person that has made an Acquisition Proposal with
respect to the Company or to any Person in contemplation of making an Acquisition Proposal with respect to the Company, or (iii) approve,
endorse or recommend (or publicly propose to approve, endorse or recommend) an Acquisition Proposal with respect to the Company
or enter into any agreement, including any letter of intent, memorandum of understanding, agreement in principle, merger agreement,
acquisition agreement, option agreement, joint venture agreement, partnership agreement or other similar agreement, arrangement
or understanding, (A) constituting or related to, or that is intended to or could reasonably be expected to lead to, any Acquisition
Proposal with respect to the Company or (B) requiring, intending to cause, or which could reasonably be expected to cause
the Company to abandon, terminate or fail to consummate the Merger or any other transaction contemplated by the Merger Agreement.
Each Stockholder will, and will cause its Affiliates and its and their respective Representatives to, immediately cease and cause
to be terminated any discussions or negotiations with any Person conducted heretofore with respect to any Acquisition Proposal
with respect to the Company. Nothing contained in this Section 3(e) shall prevent any Person affiliated with such
Stockholder who is a director or officer of the Company or designated by such Stockholder as a director of officer of the Company
from taking actions in his capacity as a director or officer of the Company, including taking any actions permitted under Section 5.4
of the Merger Agreement.

 

    	 	6	 

     

    

 

4.             Additional
Covenants of the Parties.

 

(a)           On
or prior to the Closing Date, the Stockholders shall take all actions as may be necessary to (A) enter into (i) the stockholders
agreement, substantially in the form attached hereto as Exhibit A (the “New Stockholders Agreement”),
effective as of the Closing Date and (ii) the registration rights agreement, substantially in the form attached hereto as
Exhibit B (the “New Registration Rights Agreement”), effective as of the Closing Date and (B) terminate
that certain registration rights agreement, dated as of March 6, 2020, by and among the Company, Felix Investments Holdings
II, LLC and the other holders from time to time parties thereto.

 

(b)           On
or prior to the Closing Date, the Parent shall take all actions as may be necessary to enter into (i) the New Stockholders
Agreement, effective as of the Closing Date and (ii) the New Registration Rights Agreement, effective as of the Closing Date.

 

5.             Assignment;
No Third-Party Beneficiaries. Except as provided herein, neither this Agreement nor any of the rights, interests or obligations
hereunder shall be assigned by any of the parties without the prior written consent of the other parties hereto, except that Parent
may assign, it its sole discretion, any or all of its rights, interest and obligations hereunder to any direct or indirect wholly-owned
Subsidiary of Parent. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of and be enforceable
by the parties hereto and their respective successors and assigns. Except as otherwise expressly provided herein, this Agreement
(including the documents and instruments referred to herein) is not intended to confer upon any Person other than the parties hereto
any rights or remedies hereunder.

 

6.             Termination.
This Agreement and the covenants and agreements set forth in this Agreement shall automatically terminate (without any further
action of the parties) upon the earliest to occur of: (a) the termination of the Merger Agreement in accordance with its terms;
(b) the Effective Time; (c) as to a Stockholder, the date of any modification, waiver or amendment to the Merger
Agreement effected without such Stockholder’s consent that (y) decreases the amount or changes the form of consideration
payable to all of the stockholders of the Company pursuant to the terms of the Merger Agreement as in effect on the date of this
Agreement or (z) otherwise materially adversely affects the interests of such Stockholder; (d) the mutual written
consent of the parties hereto and (e) the Termination Date. In the event of termination of this Agreement pursuant to this
Section 6, this Agreement shall become void and of no effect with no liability on the part of any party; provided,
however, that no such termination shall relieve any party from liability for any breach hereof prior to such termination.

 

    	 	7	 

     

    

 

7.            General
Provisions.

 

(a)           Amendments.
This Agreement may not be amended except by an instrument in writing signed on behalf of each of the parties hereto.

 

(b)           Notices.
Any notice or other communication required or permitted to be delivered to any party under this Agreement shall be in writing and
shall be deemed properly delivered, given and received (a) on the date of delivery if delivered personally, (b) on the
date of confirmation of receipt (or the first Business Day following such receipt if the transmission is after 5 p.m. Central
Time on such date or if the date is not a Business Day) of transmission by electronic mail, or (c) on the date of confirmation
of receipt (or the first Business Day following such receipt if the date is not a Business Day) if delivered by a nationally recognized
overnight courier service. All notices hereunder shall be delivered to the address or electronic mail set forth beneath the name
of such party below (or to such other address or electronic mail as such party shall have specified in a written notice given to
the other parties hereto):

 

(i)            If
to the Stockholders, to:

 

EnCap Investments L.P. 

1100 Louisiana, Suite 4900 

Houston, Texas 77002 

Facsimile: (713) 659-6130 

Attention:       Douglas
E. Swanson, Jr. 

Email:            dswanson@encapinvestments.com

 

    	 	8	 

     

    

 

With copies (which shall not
constitute notice) to:

 

Vinson &
Elkins LLP

1001 Fannin Street, Suite 2500

Houston, Texas 77002

Attention:           W. Matthew Strock;
Doug McWilliams

Facsimile:           (713) 615-5650;
(713) 615-5725

Email:                  mstrock@velaw.com;
dmcwilliams@velaw.com

 

(ii)            If
to Parent, to:

 

Devon Energy Corporation 

333 West Sheridan Avenue 

Oklahoma City, Oklahoma 73102 

Attention:           Jeffrey
L. Ritenour; Lyndon C. Taylor; Edward Highberger 

 Email:                 Jeff.Ritenour@dvn.com; lyndon.taylor@dvn.com; Edward.Highberger@dvn.com

 

With copies (which shall not
constitute notice) to:

 

Skadden, Arps, Slate, Meagher &
Flom LLP 

1000 Louisiana St., Suite 6800 

Houston, TX 77002 

Attention:           Frank
E. Bayouth 

Email:                 Frank.Bayouth@skadden.com

 

(c)           Interpretation.
When a reference is made in this Agreement to a Section, such reference shall be to a Section in this Agreement unless otherwise
indicated. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning
or interpretation of this Agreement. Wherever the words “include,” “includes” or “including”
are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” The phrases “the
date of this Agreement,” “the date hereof” and terms of similar import, unless the context otherwise requires,
shall be deemed to refer to September 26, 2020.

 

(d)           Counterparts.
This Agreement may be executed in several counterparts, each of which shall be deemed an original and all of which shall constitute
one and the same instrument.

 

(e)           Entire
Agreement. This Agreement (including the documents and the instruments referred to herein) constitutes the entire agreement
among the parties hereto and supersedes all other prior agreements and understandings, both written and oral, among or between
any of the parties hereto with respect to the subject matter hereof.

 

    	 	9	 

     

    

 

(f)            Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard
to principles of conflict of laws. The parties hereto hereby declare that it is their intention that this Agreement shall be regarded
as made under the laws of the State of Delaware and that the laws of said State shall be applied in interpreting its provisions
in all cases where legal interpretation shall be required.

 

(g)           Severability.
If any provision of this Agreement or any part of any such provision is held under any circumstances to be invalid or unenforceable
in any jurisdiction, then (a) the invalidity or unenforceability of such provision or part thereof under such circumstances
and in such jurisdiction shall not affect the validity or enforceability of such provision or part thereof under any other circumstances
or in any other jurisdiction and (b) the invalidity or unenforceability of such provision or part thereof shall not affect
the validity or enforceability of the remainder of such provision or the validity or enforceability of any other provision of this
Agreement; provided that the economic or legal substance of the transactions contemplated hereby is not affected in a materially
adverse manner to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being
enforced, the parties hereto shall negotiate in good faith in general fashion to modify this Agreement so as to effect the original
interest of the parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are
fulfilled to the maximum extent possible.

 

(h)           Waiver.

 

(i)            No
failure on the part of any party to exercise any power, right, privilege or remedy under this Agreement, and no delay on the part
of any party in exercising any power, right, privilege or remedy under this Agreement, shall operate as a waiver of such power,
right, privilege or remedy; and no single or partial exercise of any such power, right, privilege or remedy shall preclude any
other or further exercise thereof or of any other power, right, privilege or remedy.

 

(ii)            No
party shall be deemed to have waived any claim arising out of this Agreement, or any power, right, privilege or remedy under this
Agreement, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly
executed and delivered on behalf of such party; and any such waiver shall not be applicable or have any effect except in the specific
instance in which it is given.

 

    	 	10	 

     

    

 

(i)            Further
Assurances. Each Stockholder will, from time to time, (i) at the request of Parent take, or cause to be taken, all actions,
and do, or cause to be done, and assist and cooperate with the other parties hereto in doing, all things reasonably necessary,
proper or advisable to carry out the intent and purposes of this Agreement and (ii) execute and deliver, or cause to be executed
and delivered, such additional or further consents, documents and other instruments as Parent may reasonably request for the purpose
of effectively carrying out the intent and purposes of this Agreement.

 

(j)            Publicity.
Except as otherwise required by law (including securities laws and regulations) and the regulations of any national stock exchange,
so long as this Agreement is in effect, no Stockholder shall issue or cause the publication of any press release or other public
announcement with respect to, or otherwise make any public statement concerning, the transactions contemplated by this Agreement
or the Merger Agreement, without the consent of Parent, which consent shall not be unreasonably withheld.

 

(k)           Capitalized
Terms. Capitalized terms used but not defined herein shall have the meanings set forth in the Merger Agreement. Notwithstanding
the foregoing, the term “Affiliate” as used in Section 3(e) of this Agreement shall not include (i) the
Company and any of its Subsidiaries or (ii) any portfolio company of EnCap Investments L.P. or its affiliated investment funds,
except for any portfolio company taking any action that would otherwise be prohibited by Section 3(e) at the direction
or encouragement of any Stockholder or Controlling Entity.

 

8.             Stockholder
Capacity. Each Stockholder signs solely in its capacity as the beneficial owner of its Subject Shares and nothing contained
herein shall limit or affect any actions taken by any officer, director, partner, Affiliate or representative of such Stockholder
who is or becomes an officer or a director of the Company in his or her capacity as an officer or director of the Company, and
none of such actions in such capacity shall be deemed to constitute a breach of this Agreement. Each Stockholder signs individually
solely on behalf of itself and not on behalf of any other Stockholder.

 

    	 	11	 

     

    

 

9.             Enforcement.
The parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not
performed in accordance with their specific terms or were otherwise breached and that money damages would not be a sufficient remedy
of any such breach. It is accordingly agreed that, in addition to any other remedy to which they are entitled at law or in equity,
the parties hereto shall be entitled to specific performance and injunctive or other equitable relief, without the necessity of
proving the inadequacy of money damages. Notwithstanding the foregoing, Parent agrees that with respect to any damage claim that
might be brought against any Stockholder or any of its Affiliates under this Agreement, and without regard to whether such claim
sounds in contract, tort or any other legal or equitable theory of relief, that damages are limited to actual damages and expressly
waive any right to recover special damages, including, without limitation, lost profits as well as any punitive or exemplary damages.
In the event of any litigation over the terms of this Agreement, the prevailing party in any such litigation shall be entitled
to reasonable attorneys’ fees and costs incurred in connection with such litigation. The parties hereto further agree that
any action or proceeding relating to this Agreement or the transactions contemplated hereby shall be brought and determined in
the Court of Chancery of the State of Delaware (or, if the Court of Chancery of the State of Delaware declines to accept jurisdiction
over a particular matter, the Superior Court of the State of Delaware (Complex Commercial Division) or, if subject matter jurisdiction
over the matter that is the subject of the action or proceeding is vested exclusively in the federal courts of the United States
of America, the federal court of the United States of America sitting in the district of Delaware) and any appellate court from
any thereof. In addition, each of the parties hereto (a) consents that each party hereto irrevocably submits to the exclusive
jurisdiction and venue of such courts listed in this Section 9 in the event any dispute arises out of this Agreement
or any of the transactions contemplated hereby, (b) agrees that each party hereto irrevocably waives the defense of an inconvenient
forum and all other defenses to venue in any such court in any such action or proceeding, and (c) waives any right to trial
by jury with respect to any claim or proceeding related to or arising out of this Agreement or any of the transactions contemplated
hereby. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT
OF ANY LITIGATION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY. EACH PARTY HERETO CERTIFIES AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE ANY OF SUCH
WAIVER, (II) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVER, (III) IT MAKES SUCH WAIVER VOLUNTARILY,
AND (IV) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN
THIS SECTION 9.

 

 

10.           No
Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in Parent or any other Person any direct or
indirect ownership or incidence of ownership of, or with respect to, any Subject Shares. Subject to the restrictions and requirements
set forth in this Agreement, all rights, ownership and economic benefits of and relating to the Subject Shares shall remain vested
in and belong to each Stockholder, and this Agreement shall not confer any right, power or authority upon Parent or any other Person
to direct the Stockholders in the voting of any of the Subject Shares (except as otherwise specifically provided for herein).

 

[Remainder of the page intentionally
left blank]

 

    	 	12	 

     

    

 

IN WITNESS WHEREOF,
this Agreement has been executed and delivered as of the date first written above.

 

	 	Devon Energy Corporation
	 	 
	 	By:	/s/ David A. Hager
	 	 	Name:	David A. Hager
	 	 	Title:	President and Chief Executive Offer

 

Signature Page to
Support Agreement

 

     

     

    

 

	 	Felix Investments Holdings
II, LLC
	 	 
	 	By:	/s/ John D. McCready
	 	 	Name:	John D. McCready
	 	 	Title:	Chief Executive Officer

 

	 	Felix Energy Investments II,
LLC
	 	 
	 	By:	/s/ John D. McCready
	 	 	Name:	John D. McCready
	 	 	Title:	Chief Executive Officer

 

	 	EnCap Energy Capital Fund
X, L.P.
	 	 
	 	By:	EnCap Equity Fund X GP, L.P.,
	 	 	its General Partner
	 	 
	 	By:	EnCap Investments L.P.,
	 	 	its General Partner
	 	 
	 	By:	EnCap Investments GP, L.L.C.,
	 	 	its General Partner

 

	 	By:	/s/ Douglas E. Swanson, Jr.
	 	 	Name:	Douglas E. Swanson, Jr.
	 	 	Title:	Managing Director

 

	 	EnCap Partners GP, LLC
	 	 
	 	By:	/s/ Douglas E. Swanson, Jr.
	 	 	Name:	Douglas E. Swanson, Jr.
	 	 	Title:	Managing Director

 

Signature
Page to Support Agreement

 

     

     

    

 

Schedule A

 

	Name of Stockholder	 	No.  Shares of

 Company

 Common Stock	 
	Felix Investments Holdings II, LLC	 	 	152,910,532	 
	Felix Energy Investments II, LLC	 	 	*	 
	EnCap Energy Capital Fund X, L.P.	 	 	*	 
	EnCap Partners GP, LLC	 	 	*	 

 

 

* Felix Energy Investments II, LLC, EnCap
Energy Capital Fund X, L.P. and EnCap Partners GP, LLC share voting and dispositive power over the shares of Company Common Stock
held by Felix Investments Holdings II, LLC as further described in the Schedule 13D filed March 16, 2020.

 

     

     

    

 

Exhibit A

 

     

     

    

 

STOCKHOLDERS’ AGREEMENT

 

This STOCKHOLDERS’
AGREEMENT (this “Agreement”), dated as of [●], 2020, is entered into by and among Devon
Energy Corporation, a Delaware corporation (the ”Company”), Felix Investments Holdings II, LLC,
a Delaware limited liability company (the ”Investor”) and, solely for purposes of Section 2.1
and Section 5.10, EnCap Energy Capital Fund X, L.P. (“EnCap”).

 

WHEREAS, the Investor
and WPX Energy, Inc., a Delaware corporation (“East”), have completed the transactions contemplated
by that certain Securities Purchase Agreement, dated as of December 15, 2019, pursuant to which, among other things, the Investor
received 152,910,532 shares of East’s common stock, par value $0.01 per share;

 

WHEREAS, the Company
and East have and will effect the transactions contemplated by that certain Agreement and Plan of Merger (the “Merger
Agreement”), dated as of September 26, 2020 (the “Signing Date”), pursuant to which,
among other things, the Investor has received  [●] shares (the “Issued Shares”) of the Company’s
common stock, par value $0.10 per share (“Common Stock”); and

 

WHEREAS, in connection
with, and effective upon, the date of the closing of the transactions contemplated by the Merger Agreement (the “Closing
Date”), the Company and the Investor desire to enter into this Agreement to set forth certain understandings among
themselves.

 

NOW, THEREFORE, in
consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

Article I

 

DEFINITIONS

 

Section 1.1             Certain
Definitions. As used in this Agreement, the following terms shall have the following meanings:

 

“Affiliate”
means, with respect to any specified Person, a Person that directly or indirectly Controls or is Controlled by, or is under common
Control with, such specified Person. For purposes of this Agreement, no party to this Agreement shall be deemed to be an Affiliate
of another party to this Agreement solely by reason of the execution and delivery of this Agreement.

 

“Beneficial
Owner” of a security is a Person who directly or indirectly, through any contract, arrangement, understanding, relationship
or otherwise, has or shares (a) voting power, which includes the power to vote, or to direct the voting of, such security
and/or (b) investment power, which includes the power to dispose of, or to direct the disposition of, such security. The term
 “Beneficially Own” shall have a correlative meaning. For the avoidance of doubt, for purposes of this
Agreement, the Investor is deemed to Beneficially Own the shares of Common Stock owned by it notwithstanding the fact that such
shares are subject to this Agreement.

 

     

     

    

 

“Board”
means the Board of Directors of the Company.

 

“Control”
(including the terms “Controls,” “Controlled by” and “under common
Control with”) means the possession, direct or indirect, of the power to direct or cause the direction of the management
and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

 

“Governance
Committee” means the Governance Committee of the Board.

 

“Governmental
Entity” means any court, governmental, regulatory or administrative agency or commission or other governmental authority
or instrumentality, domestic or foreign.

 

“Investor
Director” means the person listed on Exhibit A hereto, or any other person designated to replace such
person in accordance with the terms hereof.

 

“Investor
Group” means the Investor and each of its Affiliates; provided, however, that for purposes of this definition
of Investor Group, neither the Investor nor its Affiliates shall be considered to be an Affiliate of the Company or any person
Controlled by the Company.

 

“Law”
means any law, rule, regulation, ordinance, code, judgment, order, treaty, convention, governmental directive or other legally
enforceable requirement, U.S. or non-U.S., of any Governmental Entity, including common law.

 

“Necessary
Action” means, with respect to a specified result, any and all actions necessary to cause such result, including
but not limited to executing any and all agreements and instruments that are required to achieve such result and making, or causing
to be made, with any and all Governmental Entities, all filings, registrations or similar actions that are required to achieve
such result (but solely to the extent such actions are permitted by Law).

 

“Non-Affiliated
Directors” means a director who qualifies as “independent” under the rules of the New York Stock
Exchange or the rules of such other national securities exchange on which the Common Stock is then listed or trading and who
is not the Investor Director.

 

“Organizational
Documents” means the Company’s certificate of incorporation, bylaws and certificates of designations, each
as amended from time to time in accordance with its terms.

 

“Permitted
Transferee” means (i) any direct or indirect member of the Investor who receives shares of Common Stock as a
result of a distribution of Common Stock by the Investor (or any subsequent distribution of such shares of Common Stock by any
such direct or indirect member of Investor) and (ii) any Affiliate of the Investor.

 

“Person”
means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association,
organization, any court, administrative agency, regulatory body, commission or other governmental authority, board, bureau or instrumentality,
domestic or foreign and any subdivision thereof or other entity, and also includes any managed investment account.

 

    	 	 4	 

     

    

 

“SEC”
means the United States Securities and Exchange Commission.

 

“Subject
Policy” means each policy of the Board in place as of the Signing Date that was in effect and applicable to the other
directors (a copy of which was provided to the Investor on or prior to the Signing Date or was available on the Signing Date on
EDGAR or the Company’s website at www.devonenergy.com), each subsequent policy of the Board required by Law that is
in effect and applicable to all Non-Affiliated Directors, and each other subsequent policy of the Board unless such policy would
have the effect of excluding the Investor Director named on Exhibit A from serving on the Board.

 

Section 1.2             Rules of
Construction.

 

(a)           Unless
the context requires otherwise: (i) any pronoun used in this Agreement shall include the corresponding masculine, feminine
or neuter forms; (ii) references to Articles and Sections refer to articles and sections of this Agreement; (iii) the
terms “include,” “includes,” “including” and words of like import shall be deemed to be followed
by the words “without limitation”; (iv) the terms “hereof,” “hereto,” “herein”
or “hereunder” refer to this Agreement as a whole and not to any particular provision of this Agreement; (v) unless
the context otherwise requires, the term “or” is not exclusive and shall have the inclusive meaning of “and/or”;
(vi) defined terms herein will apply equally to both the singular and plural forms and derivative forms of defined terms
will have correlative meanings; (vii) references to any Law or statute shall include all rules and regulations promulgated
thereunder, and references to any Law or statute shall be construed as including any legal and statutory provisions consolidating,
amending, succeeding or replacing the applicable Law or statute; (viii) references to any Person include such Person’s
successors and permitted assigns; and (ix) references to “days” are to calendar days unless otherwise indicated.

 

(b)           The
headings in this Agreement are for convenience and identification only and are not intended to describe, interpret, define or limit
the scope, extent or intent of this Agreement or any provision thereof.

 

(c)           This
Agreement shall be construed without regard to any presumption or other rule requiring construction against the party that
drafted or caused this Agreement to be drafted.

 

Article II

 

REPRESENTATIONS
AND WARRANTIES

 

Section 2.1             Representations
and Warranties. Each party hereto represents and warrants to the other party as follows: (i) such party has full
legal right and capacity to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions
contemplated by this Agreement; (ii) this Agreement has been duly executed and delivered by such party and the execution,
delivery and performance of this Agreement by it and the consummation of the transactions contemplated by this Agreement have
been duly authorized by all Necessary Action on the part of such party and no other actions or proceedings on the part of such
party are necessary to authorize this Agreement or to consummate the transactions contemplated by this Agreement; (iii) this
Agreement constitutes the valid and binding agreement of such party, enforceable against such party in accordance with its terms;
and (iv) the execution and delivery of this Agreement by such party does not, and the consummation of the transactions contemplated
by this Agreement and the compliance with the provisions of this Agreement will not, conflict with or violate any Laws or agreements
binding upon such party, nor require any authorization, consent or approval of, or filing with, any Governmental Entity, except,
with respect to the Company, for filings with the SEC by the Company.

 

    	 	 5	 

     

    

 

Article III

 

COVENANTS

 

Section 3.1             Designee.

 

(a)            On
the Closing Date, the Company will take all Necessary Action to cause the Investor Director listed in Exhibit A hereto
to be appointed to the Board.

 

(b)           From
and after the Closing Date until the Board Designation Expiration Date, the manner for selecting nominees for election to the Board
will be as follows, subject to Section 3.4:

 

(i)            In
connection with each annual or special meeting of stockholders of the Company at which directors are to be elected (each such annual
or special meeting, an “Election Meeting”), the Investor shall have the right to designate for nomination
one (1) Investor Director during any time that the Investor Group Beneficially Own, and have collectively Beneficially Owned
at all times from the Closing Date through such Election Meeting, at least ten percent (10%) of the outstanding shares of Common
Stock.

 

(ii)            The
Investor shall give written notice to the Governance Committee of the Investor Director no later than the date that is ninety (90)
days before the first anniversary of the date that the Company’s annual proxy for the prior year was first mailed to the
Company’s stockholders and the Investor shall provide, or cause such individual to provide, to the Company, such information
about such individual and the nomination to the Company at such times as the Company may reasonably request in order to ensure
compliance with the applicable stock exchange rules and the applicable securities Laws, and to enable the Board of any committee
thereof to make determinations with respect to the qualifications of the individual to be the Investor Director (the
 “Required Information”); provided, however, that if the Investor fails to give such notice or
the Required Information in a timely manner, then the Investor shall be deemed to have nominated the incumbent Investor Director
in a timely manner. The Investor shall also provide to the Company, upon reasonable request from the Company and in connection
with providing the Required Information, evidence reasonably satisfactory to the Company that the Investor Group collectively Beneficially
Own the number of shares of Common Stock that would be required to designate the Investor Director pursuant to this Section 3.1(b) then
serving on the Board or then being designated to the Board in connection with an Election Meeting, as applicable.

 

    	 	 6	 

     

    

 

(c)           From
and after the Closing Date until the Board Designation Expiration Date, the Company shall take all Necessary Actions to cause the
Board to include the Investor Director entitled to be designated by the Investor pursuant to Section 3.1(b) and
otherwise to reflect the Board composition contemplated by Section 3.1, including the following: (i) at each Election
Meeting, include (x) the Investor Director entitled to be designated by the Investor pursuant to Section 3.1(b) in
the slate of nominees recommended by the Board to the Company’s stockholders for election as directors, (ii) to solicit
proxies in order to obtain stockholder approval of the election of the Investor Director, including causing officers of the Company
who hold proxies (unless otherwise directed by the Company stockholder submitting such proxy) to vote such proxies in favor of
the election of such Investor Director and (iii) to cause the Investor Director to be elected to the Board, including
recommending that the Company’s stockholders vote in favor of the Investor Director in any proxy statement used by the
Company to solicit the vote of its stockholders in connection with each Election Meeting.

 

(d)           If
at any time the Investor Director is serving on the Board when the Investor is not entitled to designate an Investor Director pursuant
to Section 3.1(b), then unless otherwise requested by the Board by action of the Non-Affiliated Directors, the Investor
shall promptly (and in any event prior to the time the Board next takes any action, whether at a meeting or by written consent)
cause such Investor Director to resign from the Board.

 

(e)           On
the earliest to occur of (the “Board Designation Expiration Date”) (i) the Investor Group collectively
Beneficially Owning less than ten percent (10%) of the outstanding shares of Common Stock and (ii) such date that the Investor
delivers a written waiver of its rights under this Section 3.1 and Section 3.2 to the Company (which shall
be irrevocable) the Investor will have no further rights under this Section 3.1 or Section 3.2.

 

(f)            For
the avoidance of doubt and subject to Section 3.5 and Section 3.7, the right granted to Investor to designate
a member of the Board is additive to, and not intended to limit in any way, the rights that the Investor may have to nominate,
elect or remove directors under the Organizational Documents or Delaware General Corporation Law.

 

Section 3.2            Vacancies.
Subject to Section 3.1 and Section 3.4, if at any time there is no Investor Director serving on the Board
and the Investor is entitled to designate an Investor Director pursuant to Section 3.1(b), whether due to the death,
resignation, retirement, disqualification or removal from office as a member of the Board of the Investor Director or otherwise,
the Board shall take all Necessary Action required to fill the vacancy resulting therefrom with such replacement designated by
the Investor as promptly as practicable. In furtherance thereof, the Company and the Board shall use its reasonable best efforts,
if requested by the Investor on a timely basis, to fill such vacancy prior to the time the Board next takes action on any other
matter.

 

Section 3.3            Compensation;
Indemnification. The Investor Director shall be entitled to the same expense reimbursement and advancement, exculpation
and indemnification in connection with his or her role as a director as the other members of the Board, as well as reimbursement
for documented, reasonable out-of-pocket expenses incurred in attending meetings of the Board or any committee of the Board of
which the Investor Director is a member, if any, in each case to the same extent as the other members of the Board. The Investor
Director shall be also entitled to any retainer, equity compensation or other fees or compensation paid to the non-employee directors
of the Company for their services as a director, including any service on any committee of the Board.

 

    	 	 7	 

     

    

 

Section 3.4            Selection
of the Investor Director; Committees.

 

(a)           The
Investor Director’s service as a member of the Board must be reasonably acceptable to the Governance Committee. The parties
hereto agree that the person listed on Exhibit A to this Agreement is qualified for service pursuant to the foregoing
sentence. Subject to applicable Law and stock exchange rules, until the Board Designation Expiration Date, the Investor Director
shall be appointed to serve on the Governance Committee, subject to any limitations imposed by Law or stock exchange rules (including
with respect to director independence requirements).

 

(b)           Notwithstanding
anything to the contrary herein, the Investor shall not be entitled to designate any Investor Director pursuant to Section 3.1(a) to
the Board if the Board or a committee thereof reasonably determines that (i) the election of such Investor Director to the
Board would cause the Company to not be in compliance with applicable Law or (ii) such Investor Director has been involved
in any of the events that would be required to be disclosed in a registration statement on Form S-1 pursuant to Item 401(f)(2)-(8) of
Regulation S-K under the Securities Act of 1933 or is subject to any order, decree or judgment of any Governmental Entity prohibiting
service as a director of any public company. In any such case described in clauses (i) or (ii) of the immediately
preceding sentence, the Investor shall withdraw the designation of such proposed Investor Director, and, subject to the requirements
of this Section 3.4(b) be permitted to designate a replacement therefor (which replacement Investor Director will
also be subject to the requirements of this Section 3.4(b)). The Company hereby agrees that the Investor Director listed
on Exhibit A to this Agreement would not be prohibited from serving on the Board pursuant to clause (i) of
the first sentence of this Section 3.4(b).

 

(c)            Subject
to Section 3.7, the Board may impose as a condition to the Investor Director serving on the Board that such Investor
Director agree to, and be subject to, each Subject Policy. For the avoidance of doubt, no Subject Policy shall modify any of the
rights and obligations of the parties to this Agreement, the Registration Rights Agreement between the parties dated as of the
date hereof, the Merger Agreement or any other agreement entered into between the parties in connection with the transactions contemplated
by the Merger Agreement.

 

 

    	 	8	 

     

    

 

Section 3.5             Lock-up.
The Investor shall not, without the prior written consent of the Company, during the period commencing on the Closing Date and
continuing for one hundred and eighty (180) days after the Closing Date (the “Lock-up Period”), (a) offer,
pledge, sell, contract to sell, grant any option, right or warrant to purchase, give, assign, hypothecate, pledge, encumber, grant
a security interest in, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right
or warrant to purchase, lend or otherwise transfer or dispose of (including through any hedging or other similar transaction)
any economic, voting or other rights in or to the Issued Shares, or otherwise transfer or dispose of, directly or indirectly,
or (b) enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership
of the Issued Shares (any such transaction described in clause (a) or (b) above, a “Transfer”).
Notwithstanding the foregoing, the restrictions set forth in this Section 3.5 shall not apply to (i) Transfers
involving in the aggregate no more than [●]1 shares
of Common Stock (as appropriately adjusted for any stock split, stock dividend or similar transaction), (ii) Transfers to
Permitted Transferees; provided, however, that if such Permitted Transferee is EnCap or any of its Controlled Affiliates,
EnCap or such Controlled Affiliate must agree in an executed written agreement (a copy of which will be delivered to the Company)
for the benefit of the Company to be bound by the terms of this Section 3.5 prior to such Transfer or distribution,
as applicable, and that any Permitted Transferee that is an Affiliate of EnCap and does not otherwise qualify as a Permitted Transferee
shall also agree that such Person shall Transfer such shares of Common Stock back to EnCap if, during the Lock-Up Period, such
Person ceases to be an Affiliate of EnCap, or (iii) any Transfers made in connection with any tender offer, exchange offer,
merger, consolidation or other similar transaction approved or recommended by the Board or a committee thereof. Notwithstanding
the foregoing, EnCap shall not be entitled to distribute shares of Common Stock to its limited partners during the Lock-Up Period.
In connection with any Transfer to a Permitted Transferee, the Company agrees to not take any action that would cause such Transfer
to be subject to requirements imposed by any “fair price,” “moratorium,” “control share acquisition,”
 “business combination” or any other anti-takeover statute or similar statute enacted under applicable Law (“Takeover
Laws”), and, at the request of the Investor, will take all reasonable steps within its control to exempt (or ensure
the continued exemption of) the Transfer from the Takeover Laws of any state that purport to apply to such transaction.

 

Section 3.6             Waiver
of Corporate Opportunities. It is hereby acknowledged that members of the Investor Group participate in, and own and
will own substantial equity interests in other entities (existing and future) that participate in, the energy industry (“Portfolio
Companies”) and may make investments and enter into advisory service agreements and other agreements from time to
time with those Portfolio Companies. Any individual who serves as the Investor Director may also serve as an employee, partner,
officer, director, or member of the Investor Group or Portfolio Companies and, at any given time, members of the Investor Group
or Portfolio Companies may be in direct or indirect competition with the Company and/or its subsidiaries. The Company waives,
to the maximum extent permitted by Law, the application of the doctrine of corporate opportunity (or any analogous doctrine) with
respect to the Investor Group or Portfolio Companies or the Investor Director. As a result of such waiver, no member of the Investor
Group or Portfolio Companies, nor the Investor Director, shall have any obligation to refrain from: (A) engaging in or managing
the same or similar activities or lines of business as the Company or any of its subsidiaries or developing or marketing any products
or services that compete (directly or indirectly) with those of the Company or any of its subsidiaries; (B) acquiring assets
in the same or similar areas of operation and lines of business of the Company; (C) investing in, owning or disposing of
any (public or private) interest in any Person engaged in the same or similar activities or lines of business as, or otherwise
in competition with, the Company or any of its subsidiaries (including any member of the Investor Group, a “Competing
Person”); (D) developing a business relationship with any Competing Person; or (E) entering into any agreement
to provide any service(s) to any Competing Person or acting as an officer, director, member, manager or advisor to, or other
principal of, any Competing Person, regardless (in the case of each of clauses (A) through (E)) of whether such activities
are in direct or indirect competition with the business or activities of the Company or any of its subsidiaries (the activities
described in clauses (A) through (D) are referred to herein as “Specified Activities”).
To the fullest extent permitted by Law, the Company hereby renounces (for itself and on behalf of its subsidiaries) any interest
or expectancy in, or in being notified of or offered an opportunity to participate in, any Specified Activity that may be presented
to or become known to any member of the Investor Group or Portfolio Companies or the Investor Director. Nothing in this Section 3.6
shall be construed to limit or waive any right of the Company or any of its subsidiaries pursuant to any express written agreement
between the Company and/or one or more of its subsidiaries, on the one hand, and any member of the Investor Group, any Portfolio
Company, or any of their respective employees, partners, officers, directors or members, on the other hand.

 

 

1        Note
to Draft: To be equal to 1/3 of the Issued Shares.

  

    	 	 9	 

     

    

 

Section 3.7             Amendment
to Organizational Documents. The Company shall not amend, or propose to amend, the Organizational Documents in any
manner that is inconsistent with or would nullify or supersede any of the terms of this Agreement or would prevent any party hereto
from complying with its obligations hereunder unless such proposed amendment is approved by the Investor.

 

Article IV

 

TERMINATION

 

Section 4.1             Termination.
This Agreement (except with respect to the rights and obligations under Section 3.6 hereof, which shall not be terminable)
shall terminate upon the earliest to occur of (a) the last to occur of (i) the Board Designation Expiration Date and
(ii) the expiration of the Lock-up Period, (b) the Investor and its Permitted Transferees ceasing to own any shares
of Common Stock or (c) the mutual written consent of the parties. Notwithstanding the foregoing, the rights and obligations
provided under Section 5.10 shall terminate upon the one-year anniversary of the Board Designation Expiration Date.

 

Article V

 

MISCELLANEOUS

 

Section 5.1             Notices.
All notices, requests, demands and other communications under this Agreement shall be in writing and shall be personally delivered,
sent by nationally recognized overnight courier, mailed by registered or certified mail or be sent by facsimile or electronic
mail to such party at the address set forth below (or such other address as shall be specified by like notice). Notices will be
deemed to have been duly given hereunder if (a) personally delivered, when received, (b) sent by nationally recognized
overnight courier, one business day after deposit with the nationally recognized overnight courier, (c) mailed by registered
or certified mail, five business days after the date on which it is so mailed, and (d) sent by facsimile or electronic mail,
on the date sent so long as such communication is transmitted before 5:00 p.m. in the time zone of the receiving party on
a business day and the receiving party affirmatively acknowledges receipt, otherwise, on the next business day.

 

    	 	 10	 

     

    

 

		(a)	If to the Company, to:

 

			Devon Energy Corporation

			333 West Sheridan Avenue

			Oklahoma City, Oklahoma 73102

			Attention: Jeffrey L. Ritenour; Lyndon C. Taylor; Edward
Highberger

			Email: Jeff.Ritenour@dvn.com; lyndon.taylor@dvn.com;

			Edward.Highberger@dvn.com

 

If to the Investor, to:

 

	 	(b)	Felix Investments Holdings
II, LLC

 

			1530 16th Street

			Suite 500

			Denver, Colorado 80202

			Attention:     John
D. McCready

			E-mail:         johnm@felix-energy.com

 

		(c)	If to EnCap, to:

 

			EnCap Energy Capital
Fund X, L.P.

			1100 Louisiana Street

			Suite 4900

			Houston, Texas 77002

			Attention:     Douglas
E. Swanson, Jr.

			E-mail:         dswanson@encapinvestments.com

 

Section 5.2             Severability.
The provisions of this Agreement shall be deemed severable, and the invalidity or unenforceability of any provision shall not
affect the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof
to any Person or any circumstance, is found to be invalid or unenforceable in any jurisdiction, (a) a suitable and equitable
provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose
of such invalid or unenforceable provision and (b) the remainder of this Agreement and the application of such provision
to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability
affect the validity or enforceability of such provision, or the application thereof, in any other jurisdiction.

 

Section 5.3             Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which, taken
together, shall be considered one and the same agreement.

 

Section 5.4             Entire
Agreement; No Third Party Beneficiaries. This Agreement (a) constitutes the entire agreement and supersedes all
other prior agreements, both written and oral, among the parties hereto with respect to the subject matter hereof and (b) is
not intended to confer upon any Person, other than the parties hereto, any rights or remedies hereunder.

 

    	 	 11	 

     

    

 

Section 5.5            Further
Assurances.

 

(a)           Each
party hereto shall execute, deliver, acknowledge and file such other documents and take such further actions as may be reasonably
requested from time to time by the other parties hereto to give effect to and carry out the transactions contemplated herein.

 

(b)           In
the event that the Company or any of its successors or permitted assigns engage in a merger, consolidation, equity security exchange
or similar transaction in which the Common Stock is converted into or exchanged for equity securities in another entity, the Company
(or such successor or permitted assign) shall cause such other entity to enter into an agreement with the Investor that provides
the Investor with rights substantially similar to those provided hereunder.

 

Section 5.6             Governing
Law; Equitable Remedies. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF DELAWARE (WITHOUT GIVING EFFECT TO CONFLICT OF LAWS PRINCIPLES THEREOF). The parties hereto agree that irreparable damage would
occur in the event that any of the provisions of this Agreement were not performed in accordance with its specific terms or was
otherwise breached. It is accordingly agreed that the parties hereto shall be entitled to an injunction or injunctions and other
equitable remedies to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any of
the Selected Courts (as defined below), this being in addition to any other remedy to which they are entitled at Law or in equity.
Any requirements for the securing or posting of any bond with respect to such remedy are hereby waived by each of the parties
hereto. Each party hereto further agrees that, in the event of any action for an injunction or other equitable remedy in respect
of such breach or enforcement of specific performance, it will not assert the defense that a remedy at Law would be adequate.

 

Section 5.7             Consent
To Jurisdiction. With respect to any suit, action or proceeding (“Proceeding”) arising out
of or relating to this Agreement, each of the parties hereto hereby irrevocably (a) submits to the exclusive jurisdiction
of the Court of Chancery of the State of Delaware and the United States District Court for the District of Delaware and the appellate
courts therefrom (the “Selected Courts”) and waives any objection to venue being laid in the Selected
Courts whether based on the grounds of forum non conveniens or otherwise and hereby agrees not to commence any such Proceeding
other than before one of the Selected Courts; provided, however, that a party may commence any Proceeding in a court other
than a Selected Court solely for the purpose of enforcing an order or judgment issued by one of the Selected Courts; (b) consents
to service of process in any Proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid, or
by recognized international express carrier or delivery service, to their respective addresses referred to in Section 5.1
hereof; provided, however, that nothing herein shall affect the right of any party hereto to serve process in any other
manner permitted by Law; and (c) TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, WAIVES, AND COVENANTS
THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY ACTION ARISING IN WHOLE
OR IN PART UNDER OR IN CONNECTION WITH THIS AGREEMENT, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN
CONTRACT, TORT OR OTHERWISE, AND AGREES THAT ANY OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE
OF THE KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE THE RIGHT TO TRIAL BY JURY IN ANY
PROCEEDING WHATSOEVER BETWEEN THEM RELATING TO THIS AGREEMENT AND TO HAVE ALL MATTERS RELATING TO THIS AGREEMENT BE TRIED IN A
COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY.

 

    	 	 12	 

     

    

 

Section 5.8            Amendments;
Waivers.

 

(a)           No
provision of this Agreement may be amended or waived unless such amendment or waiver is in writing and signed (i) in the case
of an amendment, by each of the parties hereto, and (ii) in the case of a waiver, by each of the parties against whom the
waiver is to be effective.

 

(b)           No
failure or delay by any party in exercising any right, power or privilege hereunder shall operate as waiver thereof nor shall any
single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or
privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by
Law.

 

Section 5.9             Assignment.
Neither this Agreement nor any of the rights or obligations hereunder shall be assigned by any of the parties hereto without the
prior written consent of the other parties; provided, however, that the Investor may assign any of its rights hereunder
to any of its Affiliates to the extent such Affiliate is Transferred Common Stock not in violation of the terms of this Agreement
and provided any such Affiliate execute a joinder to this Agreement. Subject to the preceding sentence, this Agreement will be
binding upon, inure to the benefit of and be enforceable by the parties and their respective successors and assigns.

 

Section 5.10           Confidentiality.
Each of the Investor and EnCap shall hold, and cause its Affiliates and its and their respective directors, managers, officers,
employees, agents, consultants, auditors, attorneys, financial advisors, financing sources and other consultants and advisors
(“Representatives”) to hold, in strict confidence, unless disclosure to a regulatory authority is necessary
in connection with any necessary regulatory approval, examination or inspection or unless disclosure is required by judicial or
administrative process or by other requirement of law or the applicable requirements of any regulatory agency or relevant stock
exchange (in which case, other than in connection with a disclosure in connection with a routine audit or examination by, or document
request from, a regulatory or self-regulatory authority, bank examiner or auditor, the party disclosing such information shall
provide the other party with prior written notice of such permitted disclosure), all nonpublic records, books, contracts, instruments,
computer data and other data and information (collectively, “Information”) concerning the Company, East
or any of their respective subsidiaries furnished to it or the Investor Director by or on behalf of the Company, East or any of
their respective subsidiaries (except to the extent that such information can be shown by the party receiving such Information
to have been (a) previously known by such party from other sources; provided that such source was not known by such
party to be bound by a contractual, legal or fiduciary obligation of confidentiality to the other party, (b) in the public
domain through no violation of this Section 5.10 by such party or (c) later lawfully acquired from other sources
by the party to which it was furnished), and no such party shall release or disclose such Information to any other person, except
its Representatives (excluding, for the avoidance of doubt, any Portfolio Company, unless such Portfolio Company enters into a
joinder agreement with the Company), or use such Information other than in connection with evaluating and taking actions with
respect to such Person’s ownership interest in the Company. The Company acknowledges and agrees that the Investor and EnCap
may, in the ordinary course of their respective businesses, evaluate investments in the energy industry and that they are actively
seeking to invest in energy related projects in a variety of areas, including the provision of fresh water and disposal of produced
water in connection with oil and gas exploration and development operations. The Company understands that the Investor, EnCap
and the Investor Director will retain certain mental impressions of Information, which are indistinguishable from generalized
industry knowledge. Accordingly, the Company agrees that, subject to the terms of this Agreement, the Investor, EnCap and the
Investor Director are not precluded from pursuing investments solely because of such retained mental impressions. Notwithstanding
any provision of this Agreement to the contrary, no provision of this Agreement shall apply to any action taken independently
by any Portfolio Company so long as the Investor or EnCap has not provided such Portfolio Company with any Information. For purposes
of clarification, no such Portfolio Company shall be deemed to have been provided with Information solely as a result of the Investor,
EnCap, any Investor Director or any Representative (whether such Person has been provided with or has knowledge of Information)
serving on the board of such Portfolio Company (provided that such board member does not use Information in connection with the
business of such Portfolio Company).

 

[Signature page follows.]

 

    	 	 13	 

     

    

 

 

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

 

	 	Devon Energy Corporation
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    

     

    

 

	 	Felix
Investments Holdings II, LLC
	 	 
	 	By:	 
	 	 	Name:	John
D. McCready
	 	 	Title:	Chief
Executive Officer

 

    

     

    

 

Accepted and acknowledged, solely for purposes
of Section 2.1, Section 3.5, Section 3.7 and Section 5.10 in this Agreement:

 

	EnCap Energy Capital Fund X, L.P.	 
	 	 
	By:	 EnCap Equity Fund X GP, L.P.,	 
	 	General Partner of EnCap Energy	 
	 	Capital Fund X, L.P.	 
	 	 
	By:	EnCap Investments L.P.,	 
	 	General Partner of EnCap Equity Fund	 
	 	X GP, L.P.	 
	 	 
	By:	EnCap Investments GP, L.L.C.,	 
	 	General Partner of EnCap Investments L.P.	 

 

	By:	 	 
	 	Name:	Douglas E. Swanson, Jr.	 
	 	Title:	Managing Partner	 

 

    

     

    

 

EXHIBIT A

 

INITIAL INVESTOR DIRECTOR

 

		1.	D. Martin Phillips

 

    

     

    

 

Exhibit B

 

    

     

    

 

REGISTRATION RIGHTS AGREEMENT

 

This REGISTRATION RIGHTS
AGREEMENT (this “Agreement”), dated as of [●],
2020, is by and among Devon Energy Corporation, a Delaware corporation (the “Company”), Felix Investments Holdings
II, LLC, a Delaware limited liability company (the “Investor”), and the other Holders (as defined below) from
time to time parties hereto.

 

RECITALS:

 

WHEREAS, the
Investor, the other Holders from time to time parties thereto and WPX Energy, Inc., a Delaware corporation (“East”
and together with the Investor and the other Holders from time to time parties thereto, the “East RRA Parties”)
are party to that certain Registration Rights Agreement, dated as of March 6, 2020 (the “East Registration Rights
Agreement”), pursuant to which, among other things, East provided certain registration rights to the Holders of East
Common Stock (as defined below) issued to the Investor pursuant to the terms of that certain Securities Purchase Agreement, dated
as of December 15, 2019, between East and the Investor;

 

WHEREAS, the
Company and East have entered into that certain Agreement and Plan of Merger, dated as of September 26, 2020, (as it may be
amended or supplemented from time to time, the “Merger Agreement”), by and among the Company, East Merger Sub, Inc.,
a Delaware corporation and a wholly-owned subsidiary of the Company (“Merger Sub”), and East, pursuant to which,
among other things, on the terms and subject to the conditions set forth in the Merger Agreement, Merger Sub will merge with and
into East (the “Merger”), which will survive as a wholly-owned subsidiary of the Company, and the shares of
East Common Stock will be converted into shares of common stock, par value $0.10 per share, of the Company (the “Common
Stock”);

 

WHEREAS, in
connection with, and effective upon, the date of the closing of the Merger (the “Closing Date”), the Company
has issued to the Investor the Issued Shares (as defined below) and all of Investor’s shares of East Common Stock were canceled
in accordance with the terms of the Merger Agreement;

 

WHEREAS, in
connection with the closing of the Merger, the Company is granting to the Investor and the other Holders from time to time parties
hereto, certain registration rights with respect to the Issued Shares, as set forth in this Agreement; and

 

WHEREAS, in
connection with, and effective upon, entering into this Agreement, the East RRA Parties are entering into that certain termination
agreement, dated the date hereof, pursuant to which the East RRA Parties agreed to terminate the East Registration Rights Agreement.

 

NOW THEREFORE,
in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by each party hereto, the parties hereby agree as follows:

 

    

     

    

 

Article I

 

DEFINITIONS

 

As used herein, the
following terms shall have the following respective meanings:

 

“Adoption
Agreement” means an Adoption Agreement in the form attached hereto as Exhibit A.

 

“Affiliate”
means (a) as to any Person, other than an individual Holder, any other Person who directly, or indirectly through one or more
intermediaries, controls, is controlled by or is under common control with such Person and (b) as to any individual, (i) any
Relative of such individual, (ii) any trust whose primary beneficiaries are one or more of such individual and such individual’s
Relatives, (iii) the legal representative or guardian of such individual or any of such individual’s Relatives if one
has been appointed and (iv) any Person controlled by one or more of such individual or any Person referred to in clauses (i),
(ii) or (iii) above. As used in this Agreement, the term “control,” including the correlative terms “controlling,”
 “controlled by” and “under common control with,” means possession, directly or indirectly, of the power
to direct or cause the direction of management or policies (whether through ownership of securities or any partnership or other
ownership interest, by contract or otherwise) of a Person.

 

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

 

“ASR Filing”
has the meaning set forth in Section 2.1(a).

 

“Board”
means the board of directors of the Company.

 

“Business
Day” means any day other than a Saturday, Sunday, any federal holiday or any other day on which banking institutions
in the State of Texas or the State of New York are authorized or required to be closed by law or governmental action.

 

“Closing Date”
has the meaning set forth in the recitals.

 

“Commission”
means the Securities and Exchange Commission or any successor governmental agency.

 

“Common Stock”
has the meaning set forth in the recitals.

 

“Company”
has the meaning set forth in the introductory paragraph.

 

“Company Securities”
has the meaning set forth in Section 2.4(c)(i).

 

“East”
has the meaning set forth in the recitals.

 

“East Common
Stock” means the common stock of East, $0.01 par value per share.

 

“East Registration
Rights Agreement” has the meaning set forth in the recitals.

 

“East RRA
Parties” has the meaning set forth in the recitals.

 

    3

     

    

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, or any successor federal statute, and the rules and
regulations of the Commission thereunder, all as the same shall be in effect at the time.

 

“Felix Closing
Date” means March 6, 2020.

 

“Holder”
means any record holder of Registrable Securities.

 

“Holders Securities”
has the meaning set forth in Section 2.2(c)(i).

 

“Indemnified
Party” has the meaning set forth in Section 3.3.

 

“Indemnifying
Party” has the meaning set forth in Section 3.3.

 

“Investor”
has the meaning set forth in the introductory paragraph.

 

“Issued Shares”
means the number of shares of Common Stock issued to the Investor pursuant to the terms of the Merger Agreement.

 

“Losses”
has the meaning set forth in Section 3.1.

 

“Majority
Holders” shall mean, at any time, the Holder or Holders of more than fifty percent (50%) of the Registrable Securities
at such time.

 

“Managing
Underwriter” means, with respect to any Underwritten Offering, the lead book-running manager(s) of such Underwritten
Offering.

 

“Merger Agreement”
has the meaning set forth in the recitals.

 

“Opt-Out Notice”
has the meaning set forth in Section 2.4(b).

 

“Permitted
Transferee” of a Holder means (i) any Affiliate of the Holder or (ii) any direct or indirect partner, shareholder
or member of the Holder or any trust, family partnership or family limited liability company, the sole direct or indirect beneficiaries,
partners or members of which are the Holder or Relatives of the Holder.

 

“Person”
means any individual, corporation, partnership, limited liability company, firm, association, trust, government, governmental agency
or other entity, whether acting in an individual, fiduciary or other capacity.

 

“Piggyback
Underwritten Offering” has the meaning set forth in Section 2.4(a).

 

“Piggybacking
Holder” has the meaning set forth in Section 2.4(a).

 

“Proceeding”
shall mean an action, claim, suit, arbitration or proceeding (including, without limitation, an investigation or partial proceeding,
such as a deposition), whether commenced or threatened.

 

    4

     

    

 

“Registrable
Securities” shall mean (a) the Issued Shares and (b) any securities issued or issuable with respect to the
Issued Shares by way of distribution or in connection with any reorganization or other recapitalization, merger, consolidation
or otherwise; provided, however, that a Registrable Security shall cease to be a Registrable Security when (i) such
share has been disposed of pursuant to an effective Registration Statement, (ii) such share has been disposed of under Rule 144
or any other exemption from the registration requirements of the Securities Act as a result of which the Transferee thereof does
not receive “restricted securities” as defined in Rule 144 under the Securities Act or (iii) such shares
are freely tradeable by the Holder thereof without volume or other limitations or requirements under Rule 144 and such Holder
and its Affiliates collectively hold less than 5% of the outstanding shares of Common Stock.

 

“Registration
Expenses” means all expenses incurred by the Company in complying with Article II, including, without limitation,
all registration and filing fees, printing expenses, road show expenses, fees and disbursements of counsel and independent public
accountants and independent petroleum engineers for the Company, fees and expenses (including counsel fees) incurred in connection
with complying with state securities or “blue sky” laws, fees of the Financial Industry Regulatory Authority, Inc.,
fees of transfer agents and registrars, and the reasonable fees and disbursements of one special legal counsel to represent the
Investor in an applicable Shelf Underwritten Offering or Piggyback Underwritten Offering not to exceed $25,000 per Shelf Underwritten
Offering or Piggyback Underwritten Offering, but excluding any Selling Expenses.

 

“Registration
Statement” means any registration statement of the Company filed or to be filed with the Commission under the Securities
Act, including the related prospectus, amendments and supplements to such registration statement, and including pre- and post-effective
amendments, and all exhibits and all material incorporated by reference in such registration statement.

 

“Relative”
means, with respect to any natural person: (a) such natural person’s spouse, (b) any lineal descendant, parent,
grandparent, great grandparent or sibling or any lineal descendant of such sibling (in each case whether by blood or legal adoption),
and (c) the spouse of a natural person described in clause (b) of this definition.

 

“Requesting
Holder” has the meaning set forth in Section 2.2(a).

 

“Required
Shelf Filing Date” means the 10th Business Day after the date of this Agreement.

 

“Rule 144”
means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such rule may be amended from time to
time, or any similar rule or regulation hereafter adopted by the Commission as a replacement thereto having substantially
the same effect as such rule.

 

“Section 2.2
Maximum Number of Shares” has the meaning set forth in Section 2.2(c).

 

“Securities
Act” means the Securities Act of 1933, as amended, or any successor federal statute, and the rules and regulations
of the Commission thereunder, all as the same shall be in effect at the time. References to any rule under the Securities
Act shall be deemed to refer to any similar or successor rule or regulation.

 

    5

     

    

 

“Selling Expenses”
means all (a) underwriting fees, discounts and selling commissions allocable to the sale of Registrable Securities, (b) transfer
taxes allocable to the sale of the Registrable Securities and (c) costs or expenses related to any roadshows conducted in
connection with the marketing of any Shelf Underwritten Offering.

 

“Selling Holder”
means a Holder selling Registrable Securities pursuant to a Registration Statement.

 

“Shelf Piggybacking
Holder” has the meaning set forth in Section 2.2(b).

 

“Shelf Registration
Statement” has the meaning set forth in Section 2.1(a).

 

“Shelf Underwritten
Offering” has the meaning set forth in Section 2.2(a).

 

“Shelf Underwritten
Offering Request” has the meaning set forth in Section 2.2(a).

 

“Suspension
Period” has the meaning set forth in Section 2.3.

 

“Transfer”
means any offer, sale, pledge, encumbrance, hypothecation, entry into any contract to sell, grant of an option to purchase, short
sale, assignment, transfer, exchange, gift, bequest or other disposition, direct or indirect, in whole or in part, by operation
of law or otherwise. “Transfer,” when used as a verb, and “Transferee” and “Transferor”
have correlative meanings.

 

“Underwritten
Offering” means an offering (including an offering pursuant to a Shelf Registration Statement) in which shares of Common
Stock are sold to an underwriter for reoffer.

 

“Underwritten
Offering Filing” means (a) with respect to a Shelf Underwritten Offering, a preliminary prospectus supplement (or
prospectus supplement if no preliminary prospectus supplement is used) to the Shelf Registration Statement relating to such Shelf
Underwritten Offering, and (b) with respect to a Piggyback Underwritten Offering, (i) a preliminary prospectus supplement
(or prospectus supplement if no preliminary prospectus supplement is used) to an effective Shelf Registration Statement (other
than the Shelf Registration Statement) or (ii) a Registration Statement, in each case relating to such Piggyback Underwritten
Offering.

 

“WKSI”
means a well-known seasoned issuer (as defined in Rule 405 under the Securities Act).

 

Article II

 

REGISTRATION
RIGHTS

 

Section 2.1             Shelf
Registration.

 

(a)            As
soon as practicable, and in any event on or prior to the Required Shelf Filing Date, the Company shall prepare and file a “shelf”
registration statement under the Securities Act to permit the resale of the Registrable Securities from time to time as permitted
by Rule 415 under the Securities Act (or any similar provision adopted by the Commission then in effect) (the “Shelf
Registration Statement”). If at the time of such filing, the Company is a WKSI, the Registration Statement shall be an
automatic shelf registration statement that becomes effective upon filing with the Commission in accordance with Rule 462(e) under
the Securities Act (an “ASR Filing”). If the Shelf Registration Statement does not qualify as an ASR Filing,
the Company shall use its commercially reasonable efforts to cause such Registration Statement to become or be declared effective
as soon as practicable after the filing thereof and, in any event, within 45 days after the date of this Agreement in the case
of a Shelf Registration Statement on Form S-3 or 90 days after the date of this Agreement in the case of a Shelf Registration
Statement on Form S-1. Following the effective date of the Shelf Registration Statement that is not an ASR Filing, the Company
shall notify the Holders of the effectiveness of such Registration Statement.

 

    6

     

    

 

(b)            The
Shelf Registration Statement shall be on Form S-3 or, if Form S-3 is not then available to the Company, on Form S-1
or such other form of registration statement as is then available to effect a registration for resale of such Registrable Securities
and shall contain a prospectus in such form as to permit any Holder to sell such Registrable Securities pursuant to Rule 415
under the Securities Act (or any successor or similar rule adopted by the Commission then in effect) at any time beginning
on the effective date for such Registration Statement. The Shelf Registration Statement shall provide for the distribution or resale
pursuant to any method or combination of methods legally available to the Holders.

 

(c)            The
Company shall use its commercially reasonable efforts to cause the Shelf Registration Statement to remain effective, and to be
supplemented and amended as promptly as practicable to the extent necessary to ensure that the Shelf Registration Statement is
available or, if not available, that another Registration Statement is available (which Registration Statement shall also be referred
to herein as the Shelf Registration Statement), for the resale of all the Registrable Securities until all of the Registrable Securities
have ceased to be Registrable Securities or the earlier termination of this Agreement (as to all Holders).

 

(d)            When
effective, the Shelf Registration Statement (including the documents incorporated therein by reference) will comply as to form
in all material respects with all applicable requirements of the Securities Act and the Exchange Act and will not contain an untrue
statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements
therein not misleading (in the case of any prospectus contained in the Shelf Registration Statement, in the light of the circumstances
under which such statements are made).

 

Section 2.2              Underwritten
Shelf Offering Requests.

 

(a)            In
the event that any Holder or group of Holders elects to dispose of Registrable Securities under a Registration Statement pursuant
to an Underwritten Offering and reasonably expects gross proceeds of at least $100 million from such Underwritten Offering (including
proceeds attributable to any Registrable Securities included in such Underwritten Offering by any Shelf Piggybacking Holders),
the Company shall, at the request (a “Shelf Underwritten Offering Request”) of such Holder or Holders (in such
capacity, a “Requesting Holder”), enter into an underwriting agreement in a form as is customary in Underwritten
Offerings of securities by the Company with the underwriter or underwriters selected by the Requesting Holders holding a majority
of the shares of Common Stock expected to be sold in such Underwritten Offering (and reasonably acceptable to the Company) and
shall take all such other reasonable actions as are requested by the Managing Underwriter of such Underwritten Offering and/or
the Requesting Holders in order to expedite or facilitate the disposition of such Registrable Securities and, subject to Section 2.2(c),
the Registrable Securities requested to be included by any Shelf Piggybacking Holder (a “Shelf Underwritten Offering”);
provided, however, that the Company shall have no obligation to facilitate or participate (i) in more than two Shelf
Underwritten Offerings that are initiated by a Holder pursuant to this Section 2.2 during any 12-month period (and
no more than one Shelf Underwritten Offering in any 120-day period) or (ii) in any Shelf Underwritten Offering if the Company
has conducted a Shelf Underwritten Offering in the preceding 120-day period in which such Requesting Holder was eligible to exercise
piggyback registration rights pursuant to Section 2.4 and was not subject to cutback pursuant to Section 2.4(c) to
the number of Registrable Securities that the Requesting Holder had requested be included in the Piggyback Underwritten Offering.

 

    7

     

    

 

(b)            If
the Company receives a Shelf Underwritten Offering Request, it will give written notice of such proposed Shelf Underwritten Offering
to each Holder (other than the Requesting Holder), which notice shall include the anticipated filing date of the related Underwritten
Offering Filing and, if known, the number of shares of Common Stock that are proposed to be included in such Shelf Underwritten
Offering, and of such Holders’ rights under this Section 2.2(b). Such notice shall be given promptly (and in
any event not later than two Business Day following receipt of the Shelf Underwritten Offering Request); provided, that
if the Shelf Underwritten Offering is a bought or overnight Underwritten Offering and the Managing Underwriter advises the Company
and the Requesting Holder that the giving of notice pursuant to this Section 2.2(b) would adversely affect the
offering, no such notice shall be required (and such Holders shall have no right to include Registrable Securities in such bought
or overnight Underwritten Offering); and provided further, that the Company shall not so notify any such other Holder that
has notified the Company (and not revoked such notice) requesting that such Holder not receive notice from the Company of any proposed
Shelf Underwritten Offering. If such notice is delivered pursuant to this Section 2.2(b), each such Holder shall then
have three Business Days (or one Business Day in the case of a bought or overnight Underwritten Offering) after the date on which
the Holders received notice pursuant to this Section 2.2(b) to request inclusion of Registrable Securities in
the Shelf Underwritten Offering (which request shall specify the maximum number of Registrable Securities intended to be disposed
of by such Holder and such other information as is reasonably required to effect the inclusion of such Registrable Securities)
(any such Holder making such request, a “Shelf Piggybacking Holder”). If no request for inclusion from a Holder
is received within such period, such Holder shall have no further right to participate in such Shelf Underwritten Offering.

 

(c)            If
the Managing Underwriter of the Shelf Underwritten Offering shall inform the Requesting Holder of its belief that the number of
Registrable Securities requested to be included in such Shelf Underwritten Offering by the Holders (and any other shares of Common
Stock requested to be included by any other Persons having registration rights with respect to such offering) would materially
adversely affect such offering, then the Company shall include in the applicable Underwritten Offering Filing, to the extent of
the total number of Registrable Securities that the Company is so advised can be sold in such Shelf Underwritten Offering without
so materially adversely affecting such offering (the “Section 2.2 Maximum Number of Shares”), Registrable
Securities in the following priority:

 

    8

     

    

 

 

(i)           First,
all Registrable Securities that the Holders requested to be included therein (the “Holders Securities”) (pro
rata among the Holders based on the number of Registrable Securities each requested to be included), and

 

(ii)          Second,
to the extent that the number of Holders Securities is less than the Section 2.2 Maximum Number of Shares, the shares
of Common Stock requested to be included by any other Persons having registration rights with respect to such offering, pro
rata among such other Persons based on the number of shares of Common Stock each requested to be included.

 

(d)          The
Requesting Holders shall determine the pricing of the Registrable Securities offered pursuant to any Shelf Underwritten Offering
and the applicable underwriting discounts and commissions and determine the timing of any such Shelf Underwritten Offering, subject
to Section 2.3.

 

(e)          Each
Holder shall have the right to withdraw their Registrable Securities from the Shelf Underwritten Offering at any time prior to
the execution of an underwriting agreement with respect thereto by giving written notice to the Company of its request to withdraw.

 

Section 2.3           Delay
and Suspension Rights. Notwithstanding any other provision of this Agreement, the Company may (i) delay effecting a Shelf
Underwritten Offering or (ii) suspend the Holders’ use of any prospectus that is a part of a Shelf Registration Statement
upon written notice to each Holder whose Registrable Securities are included in such Shelf Registration Statement (provided that
in no event shall such notice contain any material non-public information regarding the Company) (in which event such Holder shall
discontinue sales of Registrable Securities pursuant to such Registration Statement but may settle any then-contracted sales of
Registrable Securities), in each case for a period of up to 40 consecutive days, if the Board determines (A) that such delay
or suspension is in the best interest of the Company and its stockholders generally due to a pending financing or other transaction
involving the Company, (B) that such registration or offering would render the Company unable to comply with applicable securities
laws or (C) that such registration or offering would require disclosure of material information that the Company has a bona
fide business purpose for preserving as confidential (any such period, a “Suspension Period”); provided,
however, that in no event shall any Suspension Periods collectively exceed an aggregate of 60 days in any 180-day period or
exceed an aggregate of 90 days in any 12-month period; provided, further, that the number of days that the Company may
so delay or suspend in accordance with this Section 2.3 in the 180-day period and 12-month period immediately following
the Closing Date shall be reduced by the number of days after the Required Shelf Filing Date that the Shelf Registration Statement
is declared or otherwise becomes effective.

 

    9

     

    

 

Section 2.4            Piggyback
Registration Rights.

 

(a)          Subject
to Section 2.4(c), if the Company at any time proposes to file an Underwritten Offering Filing for an Underwritten
Offering of shares of Common Stock for its own account or for the account of any other Persons who have or have been granted registration
rights, other than the Holders (a “Piggyback Underwritten Offering”), it will give written notice of such Piggyback
Underwritten Offering to each Holder, which notice shall include the anticipated filing date of the Underwritten Offering Filing
and, if known, the number of shares of Common Stock that are proposed to be included in such Piggyback Underwritten Offering, and
of such Holders’ rights under this Section 2.4(a). Such notice shall be given promptly (and in any event at least
five Business Days before the filing of the Underwritten Offering Filing or two Business Days before the filing of the Underwritten
Offering Filing in connection with a bought or overnight Underwritten Offering). If such notice is delivered to pursuant to this
Section 2.4(a), each such Holder shall then have four Business Days (or one Business Day in the case of a bought or
overnight Underwritten Offering) after the date on which the Holders received notice pursuant to this Section 2.4(a) to
request inclusion of Registrable Securities in the Piggyback Underwritten Offering (which request shall specify the maximum number
of Registrable Securities intended to be disposed of by such Holder and such other information as is reasonably required to effect
the inclusion of such Registrable Securities) (any such Holder making such request, a “Piggybacking Holder”).
If no request for inclusion from a Holder is received within such period, such Holder shall have no further right to participate
in such Piggyback Underwritten Offering. Subject to Section 2.4(c), the Company shall use its commercially reasonable
efforts to include in the Piggyback Underwritten Offering all Registrable Securities that the Company has been so requested to
include by the Piggybacking Holders; provided, however, that if, at any time after giving written notice of a proposed Piggyback
Underwritten Offering pursuant to this Section 2.4(a) and prior to the execution of an underwriting agreement
with respect thereto, the Company or such other Persons who have or have been granted registration rights, as applicable, shall
determine for any reason not to proceed with or to delay such Piggyback Underwritten Offering, the Company shall give written notice
of such determination to the Piggybacking Holders and (i) in the case of a determination not to proceed, shall be relieved
of its obligation to include any Registrable Securities in such Piggyback Underwritten Offering (but not from any obligation of
the Company to pay the Registration Expenses in connection therewith), and (ii) in the case of a determination to delay, shall
be permitted to delay inclusion of any Registrable Securities for the same period as the delay in including the shares of Common
Stock to be sold for the Company’s account or for the account of such other Persons who have or have been granted registration
rights, as applicable.

 

(b)          Each
Holder shall have the right to withdraw its request for inclusion of its Registrable Securities in any Piggyback Underwritten Offering
at any time prior to the execution of an underwriting agreement with respect thereto by giving written notice to the Company of
its request to withdraw. Any Holder may deliver written notice (an “Opt-Out Notice”) to the Company requesting
that such Holder not receive notice from the Company of any proposed Piggyback Underwritten Offering; provided, however,
that such Holder may later revoke any such Opt-Out Notice in writing. Following receipt of an Opt-Out Notice from a Holder (unless
subsequently revoked), the Company shall not, and shall not be required to, deliver any notice to such Holder pursuant to this
Section 2.4 and such Holder shall no longer be entitled to participate in any Piggyback Underwritten Offering.

 

(c)          If
the Managing Underwriter of the Piggyback Underwritten Offering shall inform the Company of its belief that the number of Registrable
Securities requested to be included in such Piggyback Underwritten Offering, when added to the number of shares of Common Stock
proposed to be offered by the Company or such other Persons who have or have been granted registration rights (and any other shares
of Common Stock requested to be included by any other Persons having registration rights on parity with the Piggybacking Holders
with respect to such offering), would materially adversely affect such offering, then the Company shall include in such Piggyback
Underwritten Offering, to the extent of the total number of securities which the Company is so advised can be sold in such offering
without so materially adversely affecting such offering, shares of Common Stock in the following priority:

 

    10

     

    

 

(i)           if
the Piggyback Underwritten Offering is for the account of the Company, first, all shares of Common Stock that the Company proposes
to include for its own account (the “Company Securities”), second, the shares of Common Stock that the Piggybacking
Holders propose to include (pro rata among the Piggybacking Holders based on the number of shares of Common Stock each requested
to be included), and third, the shares of Common Stock that other Persons who have or have been granted registration rights propose
to include (pro rata among such other Persons based on the number of shares of Common Stock each requested to be included);

 

(ii)          if
the notice of a Piggyback Underwritten Offering pursuant to Section 2.4(a) is given on or prior to the third (3rd)
anniversary of the Felix Closing Date, the Piggyback Underwritten Offering is for the account of any other Persons who have or
have been granted registration rights, first, all shares of Common Stock that the Piggybacking Holders propose to include (pro
rata among the Piggybacking Holders based on the number of shares of Common Stock each requested to be included), second, the
shares of Common Stock that such other Persons propose to include (pro rata among such other Persons based on the number
of shares of Common Stock each requested to be included), and third, the Company Securities; or

 

(iii)         if
the notice of a Piggyback Underwritten Offering pursuant to Section 2.4(a) is given after the third (3rd)
anniversary of the Felix Closing Date, the Piggyback Underwritten Offering is for the account of any other Persons who have or
have been granted registration rights, first, the shares of Common Stock that such other Persons propose to include (pro rata
among such other Persons based on the number of shares of Common Stock each requested to be included), second, all shares of Common
Stock that the Piggybacking Holders propose to include (pro rata among the Piggybacking Holders based on the number of shares
of Common Stock each requested to be included), and third, the Company Securities.

 

Section 2.5           Participation
in Underwritten Offerings.

 

(a)          In
connection with any Underwritten Offering contemplated by Section 2.2 or Section 2.4, the underwriting
agreement into which each Selling Holder and the Company shall enter into shall contain such representations, covenants, indemnities
(subject to Article III) and other rights and obligations as are customary in Underwritten Offerings of securities
by the Company, and the Company shall be entitled to designate counsel for the underwriters. No Selling Holder shall be required
to make any representations or warranties to or agreements with the Company or the underwriters other than representations, warranties
or agreements regarding such Selling Holder’s authority to enter into such underwriting agreement and to sell, and its ownership
of, the securities being registered on its behalf, its intended method of distribution and any other representation required by
law.

 

    11

     

    

 

(b)         Any
participation by the Piggybacking Holders in a Piggyback Underwritten Offering shall be in accordance with the plan of distribution
of the Company or the other Persons who have registration rights, as applicable.

 

(c)          In
connection with any Piggyback Underwritten Offering in which any Piggybacking Holder includes Registrable Securities pursuant to
Section 2.4, such Piggybacking Holder agrees (A) to supply any information reasonably requested by the Company
in connection with the preparation of a Registration Statement and/or any other documents relating to such registered offering
and (B) to execute and deliver any agreements and instruments being executed by all holders on substantially the same terms
reasonably requested by the Company or the Managing Underwriter, as applicable, to effectuate such registered offering, including,
without limitation, underwriting agreements (subject to Section 2.5(a)), custody agreements, powers of attorney, questionnaires,
and lock-ups or “hold back” agreements pursuant to which such Piggybacking Holder agrees with the Managing Underwriter
not to sell or purchase any securities of the Company for the shorter of (i) the same period of time following the registered
offering as is agreed to by the Company and the other participating holders (not to exceed the shortest number of days that any
director of the Company, “executive officer” (as defined under Section 16 of the Exchange Act) of the Company
or any stockholder of the Company (other than a Holder or director or employee of, or consultant to, the Company) who owns 10%
or more of the outstanding shares contractually agrees with the underwriters of such Piggyback Underwritten Offering not to sell
any securities of the Company following such Piggyback Underwritten Offering) and (ii) 60 days from the date of the execution
of the underwriting agreement with respect to such Piggyback Underwritten Offering.

 

Section 2.6           Registration
Procedures.

 

(a)          In
connection with its obligations under this Article II, the Company will take all reasonably necessary action to facilitate
and effect the transactions contemplated thereby, including, but not limited to, the following:

 

(i)           promptly
prepare and file with the Commission such amendments and supplements to such Registration Statement and the prospectus used in
connection therewith as may be necessary to keep such Registration Statement effective and to comply with the provisions of the
Securities Act with respect to the disposition of all securities covered by such Registration Statement until such time as all
of such securities have been disposed of in accordance with the intended methods of disposition by the Selling Holder or Selling
Holder thereof set forth in such Registration Statement;

 

(ii)          furnish
to each Selling Holder, without charge, such number of conformed copies of such Registration Statement and of each such amendment
and supplement thereto (in each case including, without limitation, all exhibits), such number of copies of the prospectus contained
in such Registration Statement (including without limitation each preliminary prospectus and any summary prospectus) and any other
prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such
other documents, as such Selling Holder may reasonably request;

 

    12

     

    

 

(iii)         if
applicable, use its commercially reasonable efforts to register or qualify all Registrable Securities and other securities covered
by such Registration Statement under such other securities or blue sky laws of such jurisdictions as each Selling Holder thereof
shall reasonably request, to keep such registration or qualification in effect for so long as such Registration Statement remains
in effect, and to take any other action which may be reasonably necessary or advisable to enable such Selling Holder to consummate
the disposition in such jurisdictions of the securities owned by such Selling Holder, except that the Company shall not for any
such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not
but for the requirements of this clause (iii) be obligated to be so qualified or to consent to general service of process
in any such jurisdiction;

 

(iv)        use
its commercially reasonable efforts to provide to each Selling Holder and any underwriters a copy of any customary auditor “comfort”
letters, legal opinions or reports of the independent petroleum engineers of the Company relating to the oil and gas reserves of
the Company;

 

(v)         promptly
notify each Selling Holder, at any time when a prospectus relating thereto is required to be delivered under the Securities Act,
upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such Registration Statement,
as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein
or necessary to make the statements therein not misleading in the light of the circumstances under which they were made, and at
the request of any such Selling Holder promptly prepare and file or furnish to such Selling Holder a reasonable number of copies
of a supplement or post-effective amendment to the Registration Statement or a supplement to the related prospectus or any document
incorporated or deemed to be incorporated therein by reference, or file any other required document as may be necessary so that,
as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading
in the light of the circumstances under which they were made;

 

(vi)        otherwise
comply with all applicable rules and regulations of the Commission, and make available to its security holders, as soon as
reasonably practicable, an earnings statement, which earnings statement shall satisfy the provisions of Section 11(a) of
the Securities Act, and shall furnish to each such Selling Holder at least the Business Day prior to the filing thereof a copy
of any amendment or supplement to such Registration Statement or prospectus;

 

(vii)       provide
and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by such Registration Statement
from and after a date not later than the effective date of such Registration Statement;

 

    13

     

    

 

(viii)      in
connection with the preparation and filing of any Registration Statement or any sale of Registrable Securities in connection therewith,
the Company will give the Holders offering and selling thereunder, any underwriters and their respective counsels the opportunity
to review and provide comments on such Registration Statement, each prospectus included therein or filed with the Commission, and
each amendment thereof or supplement thereto (other than amendments or supplements that do not make any material change in the
information related to the Company) (provided that the Company shall not file any such Registration Statement including Registrable
Securities or an amendment thereto or any related prospectus or any supplement thereto to which such Holders or any underwriter
shall reasonably object in writing), and give each of them, together with any underwriter, broker, dealer or sales agent involved
therewith, such access to its books and records and such opportunities to discuss the business of the Company and its subsidiaries
with its officers, its counsel, the independent public accountants who have certified its financial statements, and the independent
petroleum engineers of the Company as shall be necessary, in the opinion of the Holder’s and such underwriters’ (or
broker’s, dealer’s or sales agent’s, as the case may be) respective counsel, to conduct a reasonable due diligence
investigation within the meaning of the Securities Act;

 

(ix)         use
its commercially reasonable efforts to prevent the issuance of any order suspending the effectiveness of the Registration Statement,
and, if any such order suspending the effectiveness of such Registration Statement is issued, shall promptly use its commercially
reasonable efforts to obtain the withdrawal of such order at the earliest possible moment;

 

(x)          promptly
notify the Holders (i) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration
Statement or the initiation or threat of any proceedings for that purpose, (ii) of any delisting or pending delisting of the
Common Stock by any national securities exchange or market on which the Common Stock are then listed or quoted, and (iii) of
the receipt by the Company of any notification with respect to the suspension of the qualification of any Registrable Securities
for sale under the securities or “blue sky” laws of any jurisdiction or the initiation of any proceeding for such purpose;

 

(xi)          cause
all Registrable Securities covered by such Registration Statement to be listed on any securities exchange on which the Common Stock
is then listed;

 

(xii)        enter
into such customary agreements, including but not limited to lock-up agreements by the Company (and, if reasonably requested by
the Managing Underwriter(s), the Company’s directors and “executive officers” (as defined under Section 16
of the Exchange Act)) that extend through 60 days following the entrance into the corresponding underwriting agreement, and to
take such other actions as the Holder or Holders shall reasonably request in order to expedite or facilitate the disposition of
such Registrable Securities; and

 

(xiii)        cause
its officers to use their commercially reasonable efforts to support the marketing of the Registrable Securities covered by the
Registration Statement (including, without limitation, participation in electronic or telephonic “road shows”).

 

    14

     

    

 

(b)          Each
Holder agrees by acquisition of such Registrable Securities that upon receipt of any notice from the Company of the happening of
any event of the kind described in Section 2.6(a)(v), such Holder will forthwith discontinue such Holder’s disposition
of Registrable Securities pursuant to the Registration Statement until such Holder’s receipt of the copies of the supplemented
or amended prospectus contemplated by Section 2.6(a)(v) as filed with the Commission or until it is advised in
writing by the Company that the use of such Registration Statement may be resumed, and, if so directed by the Company, will deliver
to the Company (at the Company’s expense) all copies, other than permanent file copies, then in such Holder’s possession
of the prospectus relating to such Registrable Securities current at the time of receipt of such notice. The Company may provide
appropriate stop orders to enforce the provisions of this Section 2.6(b).

 

Section 2.7           Cooperation
by Holders . The Company shall have no obligation to include Registrable Securities of a Holder in any Registration
Statement or Underwritten Offering if such Holder has failed to timely furnish such information as the Company may, from time
to time, reasonably request in writing regarding such Holder and the distribution of such Registrable Securities that the Company
determines, after consultation with its counsel, is reasonably required in order for any registration statement or prospectus
supplement, as applicable, to comply with the Securities Act.

 

Section 2.8            Expenses.
The Company shall be responsible for all Registration Expenses incident to its performance of or compliance with its obligations
under this Article II. Each Selling Holder shall pay its pro rata share of all Selling Expenses in connection with
any sale of its Registrable Securities hereunder.

 

Section 2.9           Additional
Rights. The Company is not currently a party to and shall not hereafter enter into any agreement with respect to its securities
that in any way violates or subordinates rights granted to the Holders by this Agreement without the prior written consent of
the Majority Holders.

 

Article III

 

INDEMNIFICATION
AND CONTRIBUTION

 

Section 3.1           Indemnification
by the Company. The Company will indemnify and hold harmless each Holder, its officers and directors and each Person (if any)
that controls such Holder within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange
Act from and against any and all losses, claims, damages, liabilities, costs (including costs of preparation and attorneys’
fees and any legal or other fees or expenses incurred by such Person in connection with any investigation or Proceeding), expenses,
judgments, fines, penalties, charges and amounts paid in settlement (“Losses”) as incurred, caused by, arising
out of or based upon, resulting from or related to any untrue statement or alleged untrue statement of a material fact contained
in any Registration Statement or prospectus relating to the Registrable Securities (as amended or supplemented if the Company
shall have furnished any amendments or supplements thereto) or any preliminary prospectus, any filing made in connection with
the qualifications of the offering under the securities or other blue sky laws of any jurisdiction in which Registrable Securities
are offered, or any other offering document (including any related notification, or the like) incident to any such registration,
qualification, or compliance, or based on any or any omission or alleged omission to state therein a material fact required to
be stated therein or necessary to make the statements therein not misleading (in the case of any prospectus, in the light of the
circumstances under which such statement is made), or any violation by the Company of this Agreement, the Securities Act or the
Exchange Act, or any rule or regulation thereunder applicable to the Company and relating to action or inaction required
of the Company in connection with any such registration, qualification, or compliance, provided, however, that such indemnity
shall not apply to that portion of such Losses caused by, or arising out of, any untrue statement, or alleged untrue statement
or any such omission or alleged omission, to the extent such statement or omission was made in reliance upon and in conformity
with information furnished in writing to the Company by or on behalf of such Holder expressly for use therein.

 

    15

     

    

 

Section 3.2           Indemnification
by the Holders. Each Holder agrees to indemnify and hold harmless the Company, its officers and directors and each Person
(if any) that controls the Company within the meaning of either Section 15 of the Securities Act or Section 20 of the
Exchange Act from and against any and all Losses caused by, arising out of, resulting from or related to any untrue statement
or alleged untrue statement of a material fact contained in any Registration Statement or prospectus relating to Registrable Securities
(as amended or supplemented if the Company shall have furnished any amendments or supplements thereto) or any preliminary prospectus,
or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements
therein not misleading (in the case of any prospectus, in the light of the circumstances under which such statement is made),
only to the extent such statement or omission was made in reliance upon and in conformity with information furnished in writing
by or on behalf of such Holder expressly for use therein.

 

Section 3.3           Indemnification
Procedures. In case any Proceeding (including any governmental investigation) shall be instituted involving any Person in
respect of which indemnity may be sought pursuant to Section 3.1 or Section 3.2, such Person (the “Indemnified
Party”) shall promptly notify the Person against whom such indemnity may be sought (the “Indemnifying Party”)
in writing (provided that the failure of the Indemnified Party to give notice as provided herein shall not relieve the Indemnifying
Party of its obligations under this Article III, except to the extent the Indemnifying Party is actually and materially
prejudiced by such failure to give notice), and the Indemnifying Party shall be entitled to participate in such Proceeding and,
unless in the reasonable opinion of outside counsel to the Indemnified Party a conflict of interest between the Indemnified Party
and Indemnifying Party may exist in respect of such claim, to assume the defense thereof jointly with any other Indemnifying Party
similarly notified, to the extent that it chooses, with counsel reasonably satisfactory to such Indemnified Party, and after notice
from the Indemnifying Party to such Indemnified Party that it so chooses, the Indemnifying Party shall not be liable to such Indemnified
Party for any legal or other expenses subsequently incurred by such Indemnified Party in connection with the defense thereof other
than reasonable costs of investigation; provided, however, that (i) if the Indemnifying Party fails to assume
the defense or employ counsel reasonably satisfactory to the Indemnified Party, (ii) if such Indemnified Party who is a defendant
in any action or Proceeding that is also brought against the Indemnifying Party reasonably shall have concluded that there may
be one or more legal defenses available to such Indemnified Party that are not available to the Indemnifying Party or (iii) if
representation of both parties by the same counsel is otherwise inappropriate under applicable standards of professional conduct
then, in any such case, the Indemnified Party shall have the right to assume or continue its own defense as set forth above (but
with no more than one firm of counsel for all Indemnified Parties in each jurisdiction, except to the extent any Indemnified Party
or Parties reasonably shall have concluded that there may be legal defenses available to such party or parties that are not available
to the other Indemnified Parties or to the extent representation of all Indemnified Parties by the same counsel is otherwise inappropriate
under applicable standards of professional conduct) and the Indemnifying Party shall be liable for any expenses therefor. No Indemnifying
Party shall, without the written consent of the Indemnified Party, effect the settlement or compromise of, or consent to the entry
of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution
may be sought hereunder (whether or not the Indemnified Party is an actual or potential party to such action or claim) unless
such settlement, compromise or judgment (A) includes an unconditional release of the Indemnified Party from all liability
arising out of such action or claim and (B) does not include a statement as to, or an admission of, fault, culpability or
a failure to act, by or on behalf of any Indemnified Party.

 

    16

     

    

 

Section 3.4            Contribution.

 

(a)          If
the indemnification provided for in this Article III is unavailable to an Indemnified Party in respect of any Losses
in respect of which indemnity is to be provided hereunder, then each Indemnifying Party, in lieu of indemnifying such Indemnified
Party, shall to the fullest extent permitted by law contribute to the amount paid or payable by such Indemnified Party as a result
of such Losses in such proportion as is appropriate to reflect the relative fault of such party in connection with the statements
or omissions that resulted in such Losses, as well as any other relevant equitable considerations. The relative fault of the Company
(on the one hand) and a Holder (on the other hand) shall be determined by reference to, among other things, whether the untrue
or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information
supplied by such party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission.

 

(b)          The
Company and each Holder agree that it would not be just and equitable if contribution pursuant to this Article III
were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations
referred to in Section 3.4(a). The amount paid or payable by an Indemnified Party as a result of the losses, claims,
damages or liabilities referred to in Section 3.4(a) shall be deemed to include, subject to the limitations set
forth above, any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending
any such action or claim. Notwithstanding the provisions of this Article III, no Holder shall be liable for indemnification
or contribution pursuant to this Article III for any amount in excess of the net proceeds of the offering received
by such Holder, less the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or
alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such
fraudulent misrepresentation.

 

Article IV

 

RULE
144; ASSISTANCE WITH TRANSFERS.

 

Section 4.1           Rule 144.

 

    17

     

    

 

 

(a)            With
a view to making available the benefits of certain rules and regulations of the Commission that may permit the resale of the
Registrable Securities without registration, the Company agrees to use its commercially reasonable efforts to:

 

(i)            make
and keep public information regarding the Company available, as those terms are understood and defined in Rule 144 under the
Securities Act, at all times from and after the date hereof;

 

(ii)           file
with the Commission in a timely manner all reports and other documents required of the Company under the Securities Act and the
Exchange Act at all times from and after the date hereof; and

 

(iii)          so
long as a Holder owns any Registrable Securities, furnish (i) to the extent accurate, forthwith upon request, a written statement
of the Company that it has complied with the reporting requirements of Rule 144 under the Securities Act and (ii) unless
otherwise available via the Commission’s EDGAR filing system, to such Holder forthwith upon request a copy of the most recent
annual or quarterly report of the Company, and such other reports and documents so filed as such Holder may reasonably request
in availing itself of any rule or regulation of the Commission allowing such Holder to sell any such securities without registration.

 

Section 4.2     Assistance
with Transfers. In connection with any sale or transfer of Registrable Securities by any Holder, including any sale or transfer
pursuant to Rule 144 and other rules and regulations of the Commission that may at any time permit a Holder of Registrable
Securities to sell securities of the Company to the public without registration, the Company shall, to the extent allowed by law,
take any and all action necessary or reasonably requested by such Holder in order to permit or facilitate such sale or transfer,
including, without limitation, at the sole expense of the Company, by (i) issuing such directions to any transfer agent,
registrar or depositary, as applicable, (ii) delivering such opinions to the transfer agent, registrar or depositary as are
customary for the transaction of this type and are reasonably requested by the same, and (iii) taking or causing to be taken
such other actions as are reasonably necessary (in each case on a timely basis) in order to cause any legends, notations or similar
designations restricting transferability of the Registrable Securities held by such Holder to be removed and to rescind any transfer
restrictions with respect to such Registrable Securities; provided, however, that such Holder shall deliver to the Company,
in form and substance reasonably satisfactory to the Company, representation letters regarding such Holder's compliance with such
rules and regulations, as may be applicable. In addition, the Company, at its sole expense, shall use commercially reasonable
efforts to remove any restrictive legend on any shares of Common Stock that are Registrable Securities upon request by the Holder
if (A) such shares of Common Stock are sold pursuant to an effective registration statement or (B) a registration statement
covering the resale of such shares of Common Stock is effective under the Securities Act and the applicable Holder delivers to
the Company a representation letter agreeing that such shares of Common Stock will be sold under such effective registration statement.

 

    	 	18	 

     

    

 

Article V

 

TRANSFER
OR ASSIGNMENT OF RIGHTS

 

The rights to cause
the Company to register Registrable Securities under Article II of this Agreement may be transferred or assigned
by each Holder to one or more Transferees or assignees of Registrable Securities if such Transferee is (i) a Permitted Transferee
or (ii) acquiring at least $100 million of Registrable Securities as determined by reference to the volume weighted average
price for such Registrable Securities on any securities exchange or market on which the Common Stock are then listed or quoted
for the five trading days immediately preceding the applicable determination date (the “5-Day VWAP”) and such
Transferee has delivered to the Company a duly executed Adoption Agreement; provided, that a Holder’s rights under
Section 2.2 and Section 2.4 may only be transferred if such Transferee is (i) an Affiliate of the
Investor; or (ii) is acquiring at least $100 million of Registrable Securities as determined by the 5-Day VWAP.

 

Article VI

 

MISCELLANEOUS

 

Section 6.1     Termination.
This Agreement shall terminate as to any Holder, when such Holder no longer owns any shares of Common Stock that constitute Registrable
Securities; provided, however, that Article III shall survive any termination hereof.

 

Section 6.2     Severability.
If any provision of this Agreement shall be determined to be illegal and unenforceable by any court of law, the remaining provisions
shall be severable and enforceable in accordance with their terms.

 

Section 6.3     Remedies.
In the event of actual or potential breach by the Company of any of its obligations under this Agreement, each Holder, in addition
to being entitled to exercise all rights granted by law and under this Agreement, including recovery of damages, will be entitled
to specific performance of its rights under this Agreement. The Company agrees that monetary damages would not provide adequate
compensation for any losses incurred by reason of a breach by it of any of the provisions of this Agreement and further agrees
that, in the event of any action for specific performance in respect of such breach, it shall waive the defense that a remedy
at law would be adequate.

 

Section 6.4     Governing
Law; Waiver of Jury Trial.

 

(a)            This
Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to principles
of conflicts of laws that would direct the application of the laws of another jurisdiction.

 

(b)            THE
PARTIES HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY PARTY AGAINST ANOTHER IN ANY MATTER
WHATSOEVER ARISING OUT OF OR IN RELATION TO OR IN CONNECTION WITH THIS AGREEMENT. FURTHER, NOTHING HEREIN SHALL DIVEST A COURT
OF COMPETENT JURISDICTION OF THE RIGHT AND POWER TO GRANT A TEMPORARY RESTRAINING ORDER, TO GRANT TEMPORARY INJUNCTIVE RELIEF,
OR TO COMPEL SPECIFIC PERFORMANCE OF ANY DECISION OF AN ARBITRAL TRIBUNAL MADE PURSUANT TO THIS PROVISION.

 

    	 	19	 

     

    

 

Section 6.5     Adjustments
Affecting Registrable Securities. The provisions of this Agreement shall apply to any and all shares of capital stock
of the Company or any successor or assignee of the Company (whether by merger, consolidation, sale of assets or otherwise) that
may be issued in respect of, in exchange for or in substitution for the Registrable Securities, by reason of any stock dividend,
split, reverse split, combination, recapitalization, reclassification, merger, consolidation or otherwise in such a manner and
with such appropriate adjustments as to reflect the intent and meaning of the provisions hereof and so that the rights, privileges,
duties and obligations hereunder shall continue with respect to the capital stock of the Company as so changed.

 

Section 6.6     Binding
Effects; Benefits of Agreement. This Agreement shall be binding upon and inure to the benefit of the Company and its
successors and assigns and each Holder and its successors and assigns. Except as provided in Article V, neither this
Agreement nor any of the rights, benefits or obligations hereunder may be assigned or transferred, by operation of law or otherwise,
by any Holder without the prior written consent of the Company.

 

Section 6.7     Notices.
All notices or other communications that are required or permitted hereunder shall be in writing and shall be deemed to have been
given if (i) personally delivered, (ii) sent by nationally recognized overnight courier, (iii) sent by registered
or certified mail, postage prepaid, return receipt requested or (iv) email, addressed as follows:

 

(a)           If
to the Company, to:

 

Devon Energy Corporation 

333 West Sheridan Avenue 

Oklahoma City, Oklahoma 73102 

Attention: Jeffrey L. Ritenour;
Lyndon C. Taylor; Edward Highberger 

Email: Jeff.Ritenour@dvn.com; lyndon.taylor@dvn.com;
Edward.Highberger@dvn.com

 

with copies to (which shall not
constitute notice):

 

Skadden, Arps, Slate, Meagher &
Flom LLP

1000 Louisiana Street

Suite 6800

Houston, Texas 77002

Attention: Frank Ed Bayouth II

Email: Frank.Bayouth@skadden.com

 

    	 	20	 

     

    

 

(b)           If
to the Investor, to

 

Felix
Investments Holdings II, LLC

1530 16th Street

Suite 500

Denver, Colorado 80202

Attention:     John D. McCready

Email:     johnm@felix-energy.com

 

with copies to (which shall not
constitute notice):

 

Vinson &
Elkins L.L.P.

1001 Fannin, Suite 2500

Houston, Texas 77002

Attention:     Douglas E. McWilliams and W. Matthew Strock

E-mail:     dmcwilliams@velaw.com; mstrock@velaw.com

 

(c)           If
to any other Holders, to their respective addresses set forth on the applicable Adoption Agreement;

 

or to such other address as the party to
whom notice is to be given may have furnished to such other party in writing in accordance herewith. Any such communication shall
be deemed to have been received (i) when delivered, if personally delivered, (ii) on the date sent if delivered by e-mail
on a Business Day, or if not sent on a Business Day, on the first Business Day thereafter, (iii) the next Business Day after
delivery, if sent by nationally recognized overnight courier, and (iv) on the third (3rd) Business Day following the date
on which the piece of mail containing such communication is posted, if sent by first-class mail.

 

Section 6.8     Modification;
Waiver. This Agreement may be amended, modified or supplemented only by a written instrument duly executed by the Company
and the Majority Holders. No course of dealing between the Company and the Holders (or any of them) or any delay in exercising
any rights hereunder will operate as a waiver of any rights of any party to this Agreement. The failure of any party to enforce
any of the provisions of this Agreement will in no way be construed as a waiver of such provisions and will not affect the right
of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms.

 

Section 6.9     Entire
Agreement. Except as otherwise expressly provided herein, this Agreement constitutes the entire agreement among the
parties pertaining to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings of
the parties in connection therewith.

 

Section 6.10     Counterparts.
This Agreement may be executed in any number of counterparts, and each such counterpart shall be deemed to be an original instrument,
but all such counterparts taken together shall constitute but one agreement.

 

[signature page follows]

 

    	 	21	 

     

    

 

IN WITNESS WHEREOF,
each of the Parties has caused this Agreement to be executed by its undersigned duly authorized representative as of the date first
written above.

 

	 	DEVON ENERGY CORPORATION
	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Signature
Page To Registration Rights Agreement

 

    	 		 

     

    

 

	 	FELIX INVESTMENTS HOLDINGS II, 
	 	LLC
	 
	 	By:	 
	 	 	Name: John D. McCready
	 	 	Title: Chief Executive Officer

 

Signature
Page To Registration Rights Agreement

 

    	 		 

     

    

 

EXHIBIT A

 

ADOPTION AGREEMENT

 

This Adoption Agreement
(“Adoption Agreement”) is executed by the undersigned transferee (“Transferee”) pursuant
to the terms of the Registration Rights Agreement, dated as of [●], 2020, among Devon Energy Corporation (the “Company”),
Felix Investment Holdings II, LLC and the Holders party thereto (as amended from time to time, the “Registration Rights
Agreement”). Terms used and not otherwise defined in this Adoption Agreement have the meanings set forth in the Registration
Rights Agreement.

 

By the execution of
this Adoption Agreement, the Transferee agrees as follows:

 

		2.	Acknowledgement. Transferee acknowledges that Transferee is acquiring certain shares of
Common Stock of the Company, subject to the terms and conditions of Registration Rights Agreement, among the Company and the Holders
party thereto.

 

		3.	Agreement. Transferee (i) agrees that the shares of Common Stock of the Company acquired
by Transferee shall be bound by and subject to the terms of the Registration Rights Agreement, pursuant to the terms thereof, and
(ii) hereby adopts the Registration Rights Agreement with the same force and effect as if he, she or it were originally a
party thereto.

 

		4.	Notice. Any notice required as permitted by the Registration Rights Agreement shall be given
to Transferee at the address listed beside Transferee’s signature below.

 

		5.	Joinder. The spouse of the undersigned Transferee, if applicable, executes this Adoption
Agreement to acknowledge its fairness and that it is in such spouse’s best interest, and to bind such spouse’s community
interest, if any, in the shares of Common Stock and other securities referred to above and in the Registration Rights Agreement,
to the terms of the Registration Rights Agreement.

 

	Signature:	 
	 	 
	 	 
	 	 
	 	 
	 	 
	Address:	 
	Contact Person:	 
	Telephone No:	 
	Email:EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

 
  

Published CUSIP Numbers: 
 Deal:
98956EAH09 
 Revolver: 98956EAJ6 

CREDIT AGREEMENT 
 Dated as of
September 18, 2020 
 among 

ZIMMER BIOMET HOLDINGS, INC., 

BANK OF AMERICA, N.A., 
 as
Administrative Agent, 
 BARCLAYS BANK PLC, 

BNP PARIBAS, 
 CITIBANK, N.A., 

CREDIT SUISSE LOAN FUNDING LLC, 

DNB CAPITAL LLC, 
 GOLDMAN SACHS
BANK USA, 
 HSBC BANK USA, N.A., 

JPMORGAN CHASE BANK, N.A., 
 MIZUHO
BANK, LTD., 
 MUFG BANK, LTD., 

ROYAL BANK OF CANADA, 
 and 

SUMITOMO MITSUI BANKING CORPORATION, 

as Syndication Agents, 
 and 

THE OTHER LENDERS PARTY HERETO 

BOFA SECURITIES, INC., 
 BARCLAYS
BANK PLC, 
 BNP PARIBAS SECURITIES CORP., 

CITIBANK, N.A., 
 CREDIT SUISSE LOAN
FUNDING LLC, 
 DNB CAPITAL LLC, 

GOLDMAN SACHS BANK USA, 
 HSBC
SECURITIES (USA), INC., 
 JPMORGAN CHASE BANK, N.A., 

MIZUHO BANK, LTD., 
 MUFG BANK,
LTD., 
 RBC CAPITAL MARKETS, 

and 
 SUMITOMO MITSUI BANKING
CORPORATION, 
 as Joint Lead Arrangers and Joint Bookrunners 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 Article I Definitions
	  	 	1	 
			
	 Section 1.01.
	 	 Defined Terms
	  	 	1	 
	 Section 1.02.
	 	 Classification of Loans and Borrowings
	  	 	18	 
	 Section 1.03.
	 	 Terms Generally
	  	 	18	 
	 Section 1.04.
	 	 Accounting Terms; GAAP
	  	 	19	 
	 Section 1.05.
	 	 Interest Rates
	  	 	19	 
	 Section 1.06.
	 	 Blocking Regulation
	  	 	19	 
	 Section 1.07.
	 	 Divisions
	  	 	20	 
		
	 Article II Amount and Terms of the Commitments
	  	 	20	 
			
	 Section 2.01.
	 	 Commitments
	  	 	20	 
	 Section 2.02.
	 	 Loans and Borrowings
	  	 	20	 
	 Section 2.03.
	 	 Requests for Borrowings
	  	 	21	 
		
	 Article III General Provisions Applicable to Loans
	  	 	21	 
			
	 Section 3.01.
	 	 Funding of Borrowings
	  	 	21	 
	 Section 3.02.
	 	 Interest Elections
	  	 	22	 
	 Section 3.03.
	 	 Termination and Reduction of Aggregate Commitments
	  	 	23	 
	 Section 3.04.
	 	 Repayment of Loans; Evidence of Debt
	  	 	24	 
	 Section 3.05.
	 	 Prepayment of Loans
	  	 	24	 
	 Section 3.06.
	 	 Fees
	  	 	25	 
	 Section 3.07.
	 	 Interest
	  	 	25	 
	 Section 3.08.
	 	 Alternate Rate of Interest
	  	 	26	 
	 Section 3.09.
	 	 Increased Costs
	  	 	28	 
	 Section 3.10.
	 	 Break Funding Payments
	  	 	30	 
	 Section 3.11.
	 	 Taxes
	  	 	30	 
	 Section 3.12.
	 	 Payments Generally; Pro Rata Treatment; Sharing of Setoffs
	  	 	33	 
	 Section 3.13.
	 	 Mitigation Obligations; Replacement of Lenders
	  	 	34	 
	 Section 3.14.
	 	 Defaulting Lenders
	  	 	35	 
		
	 Article IV Representations and Warranties
	  	 	36	 
			
	 Section 4.01.
	 	 Organization; Powers
	  	 	36	 
	 Section 4.02.
	 	 Authorization; No Conflicts
	  	 	36	 
	 Section 4.03.
	 	 Enforceability
	  	 	36	 
	 Section 4.04.
	 	 Governmental Approvals
	  	 	36	 
	 Section 4.05.
	 	 Financial Statements; No Material Adverse Effect; Beneficial Ownership
Certification
	  	 	36	 
	 Section 4.06.
	 	 Litigation, Compliance with Laws
	  	 	37	 
	 Section 4.07.
	 	 Federal Reserve Regulations
	  	 	37	 
	 Section 4.08.
	 	 Taxes
	  	 	37	 
	 Section 4.09.
	 	 Employee Benefit Plans
	  	 	37	 
	 Section 4.10.
	 	 Environmental and Safety Matters
	  	 	38	 
	 Section 4.11.
	 	 Properties
	  	 	38	 
	 Section 4.12.
	 	 Investment Company Status
	  	 	38	 
	 Section 4.13.
	 	 Anti-Corruption Laws and Sanctions
	  	 	38	 

  
 i 

							
	 Article V Conditions
	  	 	39	 
			
	 Section 5.01.
	 	 Effective Date
	  	 	39	 
	 Section 5.02.
	 	 Conditions to All Extensions of Credit
	  	 	40	 
		
	 Article VI Affirmative Covenants
	  	 	40	 
			
	 Section 6.01.
	 	 Existence
	  	 	40	 
	 Section 6.02.
	 	 Business and Properties
	  	 	40	 
	 Section 6.03.
	 	 Financial Statements, Reports, Etc
	  	 	41	 
	 Section 6.04.
	 	 Insurance
	  	 	42	 
	 Section 6.05.
	 	 Obligations and Taxes
	  	 	42	 
	 Section 6.06.
	 	 Litigation and Other Notices
	  	 	42	 
	 Section 6.07.
	 	 Books and Records
	  	 	43	 
	 Section 6.08.
	 	 Use of Proceeds
	  	 	43	 
		
	 Article VII Negative Covenants
	  	 	43	 
			
	 Section 7.01.
	 	 Consolidations, Mergers, and Sales of Assets
	  	 	43	 
	 Section 7.02.
	 	 Liens
	  	 	44	 
	 Section 7.03.
	 	 Limitation on Sale and Leaseback Transactions
	  	 	45	 
	 Section 7.04.
	 	 Financial Condition Covenant
	  	 	45	 
	 Section 7.05.
	 	 Indebtedness
	  	 	46	 
		
	 Article VIII Events of Default
	  	 	46	 
		
	 Article IX The Administrative Agent
	  	 	48	 
		
	 Article X Miscellaneous
	  	 	51	 
			
	 Section 10.01.
	 	 Notices
	  	 	51	 
	 Section 10.02.
	 	 Survival of Agreement
	  	 	53	 
	 Section 10.03.
	 	 Binding Effect
	  	 	53	 
	 Section 10.04.
	 	 Successors and Assigns
	  	 	54	 
	 Section 10.05.
	 	 Expenses, Indemnity
	  	 	56	 
	 Section 10.06.
	 	 Applicable Law
	  	 	57	 
	 Section 10.07.
	 	 Waivers, Amendment
	  	 	57	 
	 Section 10.08.
	 	 Entire Agreement
	  	 	58	 
	 Section 10.09.
	 	 Severability
	  	 	59	 
	 Section 10.10.
	 	 Counterparts; Electronic Execution
	  	 	59	 
	 Section 10.11.
	 	 Headings
	  	 	59	 
	 Section 10.12.
	 	 Right of Setoff
	  	 	60	 
	 Section 10.13.
	 	 Jurisdiction: Consent to Service of Process
	  	 	60	 
	 Section 10.14.
	 	 WAIVER OF JURY TRIAL
	  	 	60	 
	 Section 10.15.
	 	 Confidentiality
	  	 	61	 
	 Section 10.16.
	 	 USA PATRIOT Act Notice
	  	 	62	 
	 Section 10.17.
	 	 No Fiduciary Relationship
	  	 	62	 
	 Section 10.18.
	 	 Acknowledgement and Consent to Bail-In of Affected
Financial Institutions
	  	 	62	 
	 Section 10.19.
	 	 Interest Rate Limitation
	  	 	62	 
	 Section 10.20.
	 	 Acknowledgment Regarding any Supported QFCs
	  	 	63	 

  
 ii 

			
	ANNEX:
		
	Annex I	  	Pricing Grid
	
	SCHEDULES:
		
	Schedule 1.01	  	Existing Japanese Debt
	Schedule 2.01	  	Commitments
	Schedule 7.02	  	Existing Liens
	
	EXHIBITS:
		
	Exhibit A	  	Form of Borrowing Request
	Exhibit B	  	Form of Assignment and Assumption
	Exhibit C	  	Form of Interest Election Request
	Exhibit D-1	  	Form of U.S. Tax Compliance Certificate for Non-U.S. Lenders that are not Partnerships for U.S. Federal Income Tax Purposes
	Exhibit D-2	  	Form of U.S. Tax Compliance Certificate for Non-U.S. Participants that are not Partnerships for U.S. Federal Income Tax Purposes
	Exhibit D-3	  	Form of U.S. Tax Compliance Certificate for Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax Purposes
	Exhibit D-4	  	Form of U.S. Tax Compliance Certificate for Non-U.S. Lenders that are Partnerships for U.S. Federal Income Tax Purposes

  
 i 

 CREDIT AGREEMENT dated as of September 18, 2020 (as amended and in effect from time to
time, this “Agreement”), among ZIMMER BIOMET HOLDINGS, INC., a Delaware corporation (the “Borrower”), the LENDERS party hereto, and BANK OF AMERICA, N.A., as administrative agent for the Lenders (in such capacity,
the “Administrative Agent”). 
 The Borrower has requested that the Lenders, on the terms and subject to the conditions
herein set forth, extend credit to the Borrower in the form of Loans from time to time prior to the Maturity Date in an aggregate principal amount not in excess of $1,000,000,000 at any time outstanding. 

The proceeds of the Loans shall be used to repay Debt outstanding under the Existing Credit Agreement and for general corporate purposes. 

Accordingly, the parties hereto agree as follows: 

ARTICLE I 
 DEFINITIONS

 SECTION 1.01.    Defined Terms. As used in this Agreement, the following
terms have the meanings specified below: 
 “2019 JPMorgan Credit Agreement” shall mean that certain Credit Agreement dated
as of November 1, 2019 among the Borrower, Zimmer Biomet G.K., a company organized under the laws of Japan, as the initial Japanese borrower, Zimmer Luxembourg II S.À.R.L., a company organized under the laws of Luxembourg, inclusive of
its Winterthur Branch, as the Luxembourg borrower, the other borrowing subsidiaries party thereto, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent for the lenders, JPMorgan Chase Bank, N.A., Tokyo
Branch, as administrative agent for the Japanese lenders, and J.P. Morgan Europe Limited, as administrative agent for the European lenders. 

“ABR” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing,
are bearing interest at a rate determined by reference to the Alternate Base Rate. 
 “Additional Amount” shall have the
meaning set forth in Section 3.11(a). 
 “Adjustment” shall have the meaning set forth in
Section 3.08(c)(ii). 
 “Administrative Agent” shall mean Bank of America in its capacity as
administrative agent under any of the Loan Documents, or any successor administrative agent. 
 “Administrative Agent’s
Office” shall mean the Administrative Agent’s address and, as appropriate, account as set forth in Section 10.01, or such other address or account as the Administrative Agent may from time to time notify to
the Borrower and the Lenders. 
 “Administrative Questionnaire” shall mean an administrative questionnaire in the form
supplied by the Administrative Agent. 
 “Affected Financial Institution” shall mean (a) any EEA Financial
Institution, or (b) any UK Financial Institution. 
  

 “Affiliate” shall mean, when used with respect to a specified Person,
another Person that directly, or indirectly, Controls or is Controlled by or is under common Control with the Person specified. 

“Agent Parties” shall have the meaning set forth in Section 10.01(c). 

“Aggregate Commitments” shall mean, at any time, the Commitments of all the Lenders at such time. 

“Agreement” shall have the meaning set forth in the preamble. 

“Alternate Base Rate” shall mean, 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, if such rate shall be less than zero such rate shall be deemed to be zero. 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. If the Alternate Base Rate is being used as an alternate rate of interest pursuant to
Section 3.08, then the Alternate Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above. 

“Anti-Corruption Laws” shall mean all laws, rules, and regulations of any jurisdiction applicable to the Borrower or any of
its Affiliates from time to time concerning or relating to bribery, corruption or money laundering, including the United States Foreign Corrupt Practices Act of 1977 and the UK Bribery Act of 2010 (and any regulations promulgated thereunder). 

“Applicable Margin” shall mean, for each Loan, the applicable rate per annum determined pursuant to the Pricing Grid. 

“Applicable Percentage” shall mean, with respect to any Lender at any time, the percentage (carried out to the ninth decimal
place) of the Aggregate Commitments represented by such Lender’s Commitment at such time. If the Commitment of each Lender has been terminated pursuant to Article VIII or if the Aggregate Commitments have expired, then the Applicable
Percentage of each Lender shall be determined based on the Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments and to any Lender’s status as a Defaulting Lender at the time of determination.
The Applicable Percentage of each Lender is set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. 

“Approved Fund” shall mean 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 and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an
Affiliate of an entity that administers or manages a Lender. 
 “Arranger” shall mean each of BofA Securities, Barclays
Bank PLC, BNP Paribas Securities Corp., Citibank, N.A., Credit Suisse Loan Funding LLC, DNB Capital LLC, Goldman Sachs Bank USA, HSBC Securities (USA), Inc., JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd., MUFG Bank, Ltd., RBC Capital Markets and
Sumitomo Mitsui Banking Corporation, in each case in their respective capacities as a joint lead arranger and a joint bookrunner. 

  
 2 

 “Assignment and Assumption” shall mean an assignment and assumption
entered into by a Lender and an Eligible Assignee in the form of Exhibit B, or such other form as shall be approved by the Administrative Agent (including electronic documentation generated by use of an electronic platform). 

“Bail-In Action” shall mean the exercise of any Write-Down and Conversion Powers by
the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 
 “Bail-In Legislation” shall mean, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the
implementing law, rule, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part
I of the United Kingdom Banking Act 2009 and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than
through liquidation, administration or other insolvency proceedings). 
 “Bank of America” shall mean Bank of America, N.A.
and its successors. 
 “Bankruptcy Event” shall mean, with respect to any Person, that such Person has become the subject
of a voluntary or involuntary bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its
business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in, any such proceeding or appointment or has had any order
for relief in such proceeding entered in respect thereof; provided, that, a Bankruptcy Event shall not result solely by virtue of (a) any ownership interest, or the acquisition of any ownership interest, in such Person by a
Governmental Authority so long as such ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or
permit such Person (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person or (b) an Undisclosed Administration. 

“Basis Point” shall have the meaning set forth in Annex I. 

“Beneficial Ownership Certification” shall mean a certification regarding beneficial ownership required by the Beneficial
Ownership Regulation. 
 “Beneficial Ownership Regulation” shall mean 31 C.F.R. § 1010.230. 

“Benefit Plan” shall mean any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title
I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or
Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 
 “BHC Act
Affiliate” shall mean, with respect to any Person, an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such Person. 

“BofA Securities” shall mean BofA Securities, Inc. 

“Borrower” has the meaning set forth in the introductory paragraph hereto. 

  
 3 

 “Borrowing” shall mean Loans of the same Type, made, converted or continued
on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect. 
 “Borrowing
Request” shall mean a request by the Borrower for a Borrowing in accordance with Section 2.03, which 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), appropriately completed and signed by a Financial Officer. 

“Business Day” shall mean 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 Eurodollar Loan, means any such day that is also a London Banking Day. 

“Capital Lease Obligations” of any Person shall mean the obligations of such Person to pay rent or other amounts under any
lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are, subject to Section 1.04, required to be classified and accounted for as capital leases
on a balance sheet of such Person under GAAP and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP. 

“Capital Stock” shall mean shares of capital stock, partnership interests, membership interests in a limited liability
company, beneficial interests in a trust or other equity interests in any Person, and any option, warrant or other right entitling the holder thereof to purchase or otherwise acquire any such equity interest (other than, prior to the date of
conversion, Debt that is convertible into any such equity interest). 
 “Cash Equivalents” shall mean (a) marketable
direct obligations issued by, or unconditionally guaranteed or insured by, the United States government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date
of acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits, bankers’ acceptances or overnight bank deposits having maturities of six months or less from the date of acquisition issued by any Lender or by any
commercial bank organized under the laws of the United States or any state thereof whose short-term commercial paper rating at the time of acquisition is at least B or the equivalent thereof by Fitch IBCA, A-3
or the equivalent thereof by S&P, or P-3 or the equivalent thereof by Moody’s; (c) commercial paper of an issuer rated at least A-2 or the equivalent
thereof at the time of acquisition by S&P or at least P-2 or the equivalent thereof at the time of acquisition by Moody’s, or carrying an equivalent rating by a nationally recognized rating agency, if
both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within six months from the date of acquisition; (d) repurchase obligations of any Lender or of any commercial bank satisfying the
requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by the United States government; (e) securities or marketable direct obligations
with maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory
or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or A by Moody’s; (f) securities with
maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of this definition; or (g) shares of money
market mutual or similar funds which invest exclusively in assets satisfying the requirements of clauses (a) through (f) of this definition. 

A “Change in Control” shall be deemed to have occurred if (a) any Person or group of Persons (other than (i) the
Borrower, (ii) any Subsidiary or (iii) any employee or director benefit plan or stock plan 

  
 4 

 
of the Borrower or a Subsidiary or any trustee or fiduciary with respect to any such plan when acting in that capacity or any trust related to any such plan) shall have acquired beneficial
ownership of shares representing more than 35% of the combined voting power represented by the outstanding Voting Stock of the Borrower (within the meaning of Section 13(d) or 14(d) of the Exchange Act and the applicable rules and regulations
thereunder) or (b) during any period of 12 consecutive months, commencing before and ending after, or commencing after, the Effective Date, individuals who on the first day of such period were directors of the Borrower (together with any
replacement or additional directors who were nominated or elected by a majority of directors then in office or approved prior to their election by a majority of directors then in office) cease to constitute a majority of the board of directors of
the Borrower. 
 “Change in Law” shall mean (a) the adoption or taking effect of any law, rule, regulation or treaty
after the Effective Date, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority after the Effective Date or (c) the making or
issuance of any request, guideline or directive (whether or not having the force of law) of any Governmental Authority after the Effective Date; provided, that, notwithstanding anything herein to the contrary, (i) the Dodd-Frank
Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, in each case shall be deemed to be a “Change in
Law”, regardless of the date enacted, adopted, promulgated or issued. 
 “Code” shall mean the Internal Revenue Code
of 1986, as amended. 
 “Commitment” shall mean, as to each Lender, its obligation to make Loans to the Borrower pursuant
to Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 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. The amount of the Aggregate Commitments on the Effective Date is $1,000,000,000. 

“Connection Income Taxes” shall mean Other Connection Taxes that are imposed on or measured by net income (however
denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated EBITDA” shall mean, for any period,
(a) Consolidated Net Income for such period; plus (b) without duplication and to the extent reflected as a charge in such Consolidated Net Income for such period, the sum of: (i) income tax expense, (ii) interest expense
(including imputed interest on Capital Lease Obligations), amortization or write-off of debt discount and debt issuance costs and commissions, discounts and other fees and charges associated with Debt
(including the Loans), and commissions, discounts and other fees and charges with respect to letters of credit, bankers’ acceptance financing and receivables financings, (iii) depreciation and amortization expense, including amortization
of intangibles (including goodwill) and organization costs, (iv) any extraordinary, unusual or non-recurring expenses or losses (including, whether or not otherwise includable as a separate item in the
statement of earnings for such period, losses on sales of assets outside of the ordinary course of business), (v) any non-cash expenses relating to stock option exercises, (vi) any other non-cash charges, and (vii) (A) any charges, costs, expenses, accruals or reserves incurred pursuant to any management equity plan, profits interest or stock option plan, any equity-based compensation or
equity-based incentive plan, or any other management or employee benefit plan, agreement or pension plan and (B) any charges, costs, expenses, accruals or reserves in connection with the rollover, acceleration or payout of Capital Stock of the
Borrower held by management of the Borrower or any of its Subsidiaries; and minus (c) without duplication and to the extent included in such Consolidated Net Income for such period, the sum of: (i) interest income, (ii) any

  
 5 

 
extraordinary, unusual or non-recurring income or gains (including, whether or not otherwise includable as a separate item in the statement of earnings for
such period, gains on the sales of assets outside of the ordinary course of business) and (iii) any other non-cash income, all as determined on a consolidated basis for the Borrower and its consolidated
Subsidiaries. For the purposes of calculating Consolidated EBITDA for any period of four consecutive fiscal quarters (each, a “Reference Period”) pursuant to any determination of the Consolidated Leverage Ratio, (x) if at any
time during such Reference Period the Borrower or any Subsidiary shall have made any Material Disposition, the Consolidated EBITDA for such Reference Period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to
the property that is the subject of such Material Disposition for such Reference Period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such Reference Period and (y) if during such Reference
Period the Borrower or any Subsidiary shall have made a Material Acquisition, Consolidated EBITDA for such Reference Period shall be calculated after giving pro forma effect thereto as if such Material Acquisition occurred on the first day of
such Reference Period. As used in this definition, “Material Acquisition” shall mean any acquisition of property or series of related acquisitions of property that (1) constitutes assets comprising all or substantially all of
an operating unit of a business or constitutes all or substantially all of the Capital Stock of a Person and (2) involves the payment of consideration by the Borrower and its Subsidiaries in excess of $250,000,000; and “Material
Disposition” shall mean any disposition of property or series of related dispositions of property that yields gross proceeds to the Borrower or any of its Subsidiaries in excess of $250,000,000. 

“Consolidated Leverage Ratio” shall mean, as at the last day of any period, the ratio of: (a) the sum of
(i) Consolidated Total Debt as of such day, plus (ii) to the extent not included in the definition of Consolidated Total Debt, the aggregate amount of financing, to the extent in excess of $300,000,000, provided by third parties in
connection with Permitted Receivables Securitizations as of such day to (b) Consolidated EBITDA for such period. 

“Consolidated Net Income” shall mean, for any period, the consolidated net income (or loss) of the Borrower and its
consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP; provided, that, there shall be excluded, without duplication: (a) the income (or loss) of any Person accrued prior to the date it becomes a
Subsidiary of the Borrower or is merged into or consolidated with the Borrower or any of its Subsidiaries, (b) the income of any Person (other than a Subsidiary of the Borrower) in which the Borrower or any of its Subsidiaries has an ownership
interest, except to the extent that any such income is actually received by the Borrower or such Subsidiary in the form of dividends or similar distributions, and (c) the undistributed earnings of any Subsidiary of the Borrower to the extent
that the declaration or payment of dividends or similar distributions by such Subsidiary is not at the time permitted by the terms of any Contractual Obligation. 

“Consolidated Net Tangible Assets” shall mean, as of any date, the total assets (less applicable reserves and other
properly deductible items) after deducting (a) all current liabilities (excluding the amount of those liabilities which are by their terms extendable or renewable at the option of the obligor to a date more than 12 months after the date as of
which the amount is being determined) and (b) all goodwill, tradenames, trademarks, patents, unamortized debt discount and expense and other intangible assets, all as set forth on the most recent balance sheet of the Borrower and its
consolidated Subsidiaries and determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Total Debt”
shall mean, as of any date, (a) the aggregate principal amount of all third-party Debt for borrowed money (including purchase money Debt), unreimbursed drawings under letters of credit, Capital Lease Obligations and third-party Debt obligations
evidenced by notes, bonds, debentures or similar instruments, in each case of the Borrower and its Subsidiaries outstanding as of such date that would be reflected on a consolidated balance sheet of the Borrower prepared as of such date on a
consolidated basis in accordance with GAAP, minus (b) up to $200,000,000 (or, for any calculation of the 

  
 6 

 
Consolidated Leverage Ratio for any Test Period ending during the period from the Effective Date through and including March 31, 2021, $500,000,000) of cash and Cash Equivalents held in the
United States by the Borrower and its Domestic Wholly Owned Subsidiaries as of such date; provided, that, such cash and Cash Equivalents are free of any Liens (other than Liens referred to in Section 7.02(o)).

 “Contractual Obligation” shall mean, 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” shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of a Person, whether through the ownership of voting securities, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Covered Entity” shall mean any of the following: (a) a “covered entity” as that term is defined in, and
interpreted in accordance with, 12 C.F.R. § 252.82(b); (b) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (c) a “covered FSI” as that term is defined in,
and interpreted in accordance with, 12 C.F.R. § 382.2(b). 
 “Covered Party” shall have the meaning set forth in
Section 10.20. 
 “Credit Party” shall mean the Administrative Agent and each Lender. 

“Debt” of any Person, shall mean, without duplication, (a) all obligations of such Person represented by notes, bonds,
debentures or similar evidences of indebtedness, (b) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services other than, in the case of any such deferred purchase price, on normal trade
terms, (c) all rental obligations of such Person as lessee under leases that are Capital Lease Obligations, (d) all indebtedness of such Person created or arising under any conditional sale or other title retention agreement with respect
to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property), (e) all obligations, contingent or otherwise, of
such Person as an account party or applicant under or in respect of bankers’ acceptances, letters of credit, surety bonds or similar arrangements, (f) the liquidation value of all preferred capital stock of such Person which is redeemable
at the option of the holder thereof or which may become (by scheduled or mandatory redemption) due within one year of the Maturity Date, (g) all Guarantees of such Person in respect of obligations of any other Person of the kind referred to in
clauses (a) through (f) above, (h) all obligations of the kind referred to in clauses (a) through (g) above secured by (or for which the holder of such obligation has an existing right, contingent or
otherwise, to be secured by) any Lien on property (including accounts and contract rights) owned by such Person, whether or not such Person has assumed or become liable for the payment of such obligation and (i) for the purposes of clause
(f) of Article VIII only, all obligations of such Person in respect of Hedge Agreements. The Debt of any Person shall include Debt of any other entity (including any partnership in which such Person is a general partner) to the
extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Debt expressly provide that such Person is not liable therefor. 

“Default” shall mean any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both
would, unless cured or waived, become an Event of Default. 
 “Default Right” shall have the meaning set forth in, and
shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 

  
 7 

 “Defaulting Lender” shall mean any Lender that: (a) has failed, within
two Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans or (ii) pay over to any Credit Party any other amount required to be paid by it hereunder, unless, in the case of clause
(i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent to funding (specifically identified in such writing, including, if
applicable, by reference to a specific Default) has not been satisfied; (b) has notified the Borrower or any Credit Party in writing, or has made a public statement to the effect, that it does not intend or expect to comply with any of its
funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition precedent to funding (specifically identified in such writing,
including, if applicable, by reference to a specific Default) cannot be satisfied) or generally under other agreements in which it commits to extend credit; (c) has failed, within three Business Days after a written request by the
Administrative Agent, made in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations to fund prospective Loans; provided, that, such Lender shall cease to be
a Defaulting Lender pursuant to this clause (c) upon receipt by the Administrative Agent of such certification in form and substance reasonably satisfactory to it; (d) has become the subject of a Bankruptcy Event; or (e) has
become, or has a Lender Parent that has become, the subject of a Bail-In Action. 

“Dollars” or “$” shall mean lawful money of the United States. 

“Domestic Subsidiary” shall mean a Subsidiary that is incorporated or organized under the laws of the United States or any
state or political subdivision thereof. 
 “Domestic Wholly Owned Subsidiary” shall mean a Wholly Owned Subsidiary that is
a Domestic Subsidiary. 
 “EEA Financial Institution” shall mean (a) any institution 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, or (c) any
institution established in an EEA Member Country which is a subsidiary of an institution described in clause (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country” shall mean any of the member states of the European Union, Iceland, Liechtenstein and Norway. 

“EEA Resolution Authority” shall mean any public administrative authority or any Person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” shall mean September 18, 2020. 

“Eligible Assignee” shall mean (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund and
(d) any other Person, other than, in each case, a natural person, a Defaulting Lender or the Borrower or any Subsidiary or other Affiliate of the Borrower. 

“Environmental and Safety Laws” shall mean any and all applicable current and future treaties, laws (including common law),
regulations, enforceable requirements, binding determinations, orders, decrees, judgments, injunctions, permits, approvals, authorizations, licenses, permissions, or binding agreements issued, promulgated or entered by any Governmental Authority,
relating to the environment, to employee health or safety as it pertains to the use or handling of, or exposure to, any Hazardous Substance, to preservation or reclamation of natural resources or to the management, release or threatened release of

  
 8 

 
any Hazardous Substance, including the Hazardous Materials Transportation Act, the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended by the Superfund
Amendments and Reauthorization Act of 1986, the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act of 1976 and the Hazardous and Solid Waste Amendments of 1984, the Federal Water Pollution Control Act, as amended by
the Clean Water Act of 1977, the Clean Air Act of 1970, as amended, the Toxic Substances Control Act of 1976, the Occupational Safety and Health Act of 1970, as amended, the Emergency Planning and Community Right-to-Know Act of 1986, the Safe Drinking Water Act of 1974, as amended, any similar or implementing state law, all amendments of any of them, and any regulations promulgated under any of them. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations promulgated
thereunder. 
 “ERISA Affiliate” shall mean any trade or business (whether or not incorporated) that, together with the
Borrower, is treated as a single employer under Section 414(b) or (c) of the Code, or, solely for purposes of Section 302 or ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code.

 “ERISA Termination Event” shall mean (a) a “Reportable Event” described in Section 4043 of ERISA and
the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), (b) the withdrawal of the Borrower or any of its
ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, (c) the incurrence of liability under Title IV of
ERISA with respect to the termination of a Plan, (d) the institution of proceedings to terminate a Plan by the PBGC, (e) the receipt by the Borrower or any ERISA Affiliate of any notice (whether or not written) from the PBGC of any event
or condition which the PBGC asserts is reasonably likely to constitute grounds under Section 4042 of ERISA to terminate, or to appoint a trustee to administer, any Plan or (f) the partial or complete withdrawal of the Borrower or any ERISA
Affiliate from, or the Insolvency of, a Multiemployer Plan. 
 “EU Bail-In Legislation
Schedule” shall mean the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Eurodollar” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are bearing interest at a rate determined by reference to clause (a) of the definition of “Eurodollar Rate.” 

“Eurodollar Rate” shall mean: 

(a)    for any Interest Period with respect to a Eurodollar Loan, the rate per annum equal to the London
Interbank Offered Rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for Dollars for a period equal in length to such Interest Period (“LIBOR”) as published on
the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at or about 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 an ABR Loan on any date, the rate per annum equal to
LIBOR, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time), at or about 11:00 a.m., London time, two
(2) Business Days prior to such date for Dollar deposits with a term of one month commencing that day; 

  
 9 

 provided, that, if the Eurodollar Rate shall be less than 0.25%, such rate shall be deemed
0.25% for purposes of this Agreement. 
 “Event of Default” shall have the meaning set forth in Article VIII. 

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

“Excluded Taxes” shall mean any of the following Taxes imposed on or with respect to a Recipient or required to be withheld
or deducted from a payment to a Recipient: (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the
laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the
case of a Lender, any United States withholding Taxes described in Section 3.11(j)(i) or Section 3.11(j)(ii) imposed on amounts payable to or for the account of such Lender with respect to an
applicable interest in a Loan or Commitment, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.11(h) and 3.11(i), and (d) any withholding Taxes imposed under FATCA. 

“Existing Credit Agreement” shall mean that certain Credit Agreement, dated as of April 23, 2020, by and among the
Borrower, the lenders party thereto, and Bank of America, in its capacity as the administrative agent. 
 “FATCA” shall
mean Section 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official
interpretations thereof, any agreement entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among
Governmental Authorities entered into in connection with the implementation of the foregoing. 
 “Federal Funds Rate” shall
mean, for any day, the rate per annum calculated by the NYFRB based on such day’s federal funds transactions by depository institutions, as determined in such manner as shall be set forth on the NYFRB’s public website from time to time,
and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate; provided, that, if the Federal Funds Rate as so determined would be less than zero, such rate shall be deemed to be zero for purposes
of this Agreement. 
 “Federal Reserve Board” shall mean the Board of Governors of the Federal Reserve System of the United
States. 
 “Fee Letter” shall mean the fee letter agreement dated August 18, 2020, among the Borrower, Bank of America
and BofA Securities. 
 “Financial Officer” of the Borrower shall mean (a) the chief financial officer, principal
accounting officer, vice president of finance, controller or treasurer of the Borrower, (b) solely for purposes of the delivery of secretary’s certificates and incumbency certificates, the secretary or any assistant secretary of the
Borrower and (c) solely for purposes of notices given pursuant to Article II, any other officer or employee of the Borrower so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or
employee of the Borrower designated in or pursuant to an agreement between 

  
 10 

 
the Borrower and the Administrative Agent. Any document delivered hereunder that is signed by a Financial Officer shall be conclusively presumed to have been authorized by all necessary corporate
action on the part of the Borrower and such Financial Officer shall be conclusively presumed to have acted on behalf of the Borrower. 

“GAAP” shall mean generally accepted accounting principles in the United States, as in effect, subject to
Section 1.04, from time to time. 
 “Governmental Authority” shall mean the government of any
nation, including, but not limited to, the United States, or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies exercising such powers or functions, such as the European Union or the European Central Bank). 

“Group Member” shall mean the Borrower or any Subsidiary. 

“Guarantee” of or by any Person (the “guarantor”) shall mean any obligation, contingent or otherwise, of the
guarantor guaranteeing or having the economic effect of guaranteeing any Debt or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the
guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment
thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Debt or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial
statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Debt or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Debt or
obligation; provided, that, the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. 

“Hazardous Substances” shall mean any toxic, radioactive, mutagenic, carcinogenic, noxious, caustic or otherwise hazardous
substance, material or waste, including petroleum, its derivatives, by-products and other hydrocarbons, including polychlorinated biphenyls, asbestos or asbestos-containing material, and any substance, waste
or material regulated or that could reasonably be expected to result in liability under Environmental and Safety Laws. 
 “Hedge
Agreements” shall mean all interest rate swaps, caps or collar agreements, foreign exchange transactions or other arrangements dealing with interest rates or currency exchange rates or the exchange of nominal interest obligations or foreign
currencies, either generally or under specific contingencies. 
 “Impacted Loans” shall have the meaning specified in
Section 3.08(a). 
 “Indemnified Taxes” shall mean (a) Taxes, other than Excluded Taxes,
imposed on or with respect to any payment made by or on account of any obligation of the Borrower under any Loan Document and (b) to the extent not otherwise described in clause (a) above, Other Taxes. 

“Indemnitee” shall have the meaning set forth in Section 10.05(b). 

“Insolvency” shall mean, with respect to any Multiemployer Plan, the condition that such plan is insolvent within the meaning
of Section 4245 of ERISA. 

  
 11 

 “Interest Election Request” shall mean a request by the Borrower to convert
or continue a Borrowing in accordance with Section 3.02, which shall be substantially in the form of Exhibit C or such other form as may be approved by the Administrative Agent (including any form on an electronic
platform or electronic transmission system), appropriately completed and signed by a Financial Officer. 
 “Interest Payment
Date” shall mean (a) with respect to any ABR Loan, the last day of each March, June, September and December and the Maturity Date, and (b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the
Borrowing of which such Loan is a part and, in the case of a Borrowing comprised of Loans with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three
months’ duration after the first day of such Interest Period and the Maturity Date. 
 “Interest Period” shall mean,
with respect to any Eurodollar Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one (1), two (2), three (3) or six (6) (or, with the consent of all
Lenders, twelve (12)) months thereafter (or such shorter interest period as may be agreed to by all Lenders), in each case as the Borrower may elect and subject to availability; provided, that, (a) if any Interest Period would end
on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next
preceding Business Day and (b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the
last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion
or continuation of such Borrowing. 
 “IRS” shall mean the U.S. Internal Revenue Service. 

“Japanese Yen” shall mean lawful money of Japan. 

“Lender Parent” shall mean, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a
subsidiary. 
 “Lenders” shall mean (a) the financial institutions listed on Schedule 2.01 and (b) any
Person that has become a party hereto pursuant to an Assignment and Assumption, in each case, other than any Person that has ceased to be a party hereto pursuant to the terms of this Agreement. 

“Leverage Increase Period” shall have the meaning set forth in Section 7.04. 

“LIBOR” shall have the meaning set forth in the definition of “Eurodollar Rate”. 

“LIBOR Screen Rate” shall mean the LIBOR quote on the applicable screen page the Administrative Agent designates to determine
LIBOR (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time). 

“LIBOR Successor Rate” shall have the meaning set forth in Section 3.08(c)(ii). 

“LIBOR Successor Rate Conforming Changes” shall mean, with respect to any proposed LIBOR Successor Rate, any conforming
changes to the definition of Alternate Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters as may be appropriate, in the discretion of the
Administrative Agent, to reflect the 

  
 12 

 
adoption and implementation of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the
Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as
the Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement). 

“Lien” shall mean any mortgage, lien, pledge, encumbrance, charge or security interest. 

“Loan” shall have the meaning set forth in Section 2.01. 

“Loan Documents” shall mean this Agreement, the Fee Letter, each promissory note held by a Lender pursuant to
Section 3.04(e) and any other agreement, instrument or document designated by its terms as a Loan Document. 

“London Banking Day” shall mean any day on which dealings in Dollar deposits are conducted by and between banks in the London
interbank eurodollar market. 
 “Mandatory Restrictions” shall have the meaning set forth in
Section 1.06. 
 “Margin Regulations” shall mean Regulations T, U and X of the Federal Reserve
Board as from time to time in effect, and all official rulings and interpretations thereunder or thereof. 
 “Material Adverse
Effect” shall mean a material adverse effect on the business, operations, properties or financial condition of the Borrower and its consolidated Subsidiaries, taken as a whole. 

“Maturity Date” shall mean September 17, 2021; provided, that, if such date shall not be a Business Day,
then the “Maturity Date” shall be the immediately preceding Business Day. 
 “Moody’s” shall mean
Moody’s Investors Service, Inc. or any successor to its rating agency business. 
 “Multiemployer Plan” shall mean a
multiemployer plan as defined in Section 4001(a)(3) of ERISA. 
 “New Lending Office” shall have the meaning set forth
in Section 3.11(h). 
 “Non-U.S. Lender” shall have the
meaning set forth in Section 3.11(h). 
 “NYFRB” shall mean the Federal Reserve Bank of New York.

 “OFAC” shall mean the United States Treasury Department Office of Foreign Assets Control. 

“Other Connection Taxes” shall mean, with respect to any Recipient, Taxes imposed as a result of a present or former
connection between such Recipient and the jurisdiction imposing such Taxes (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, engaged in any
other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan Document). 
 “Other
Taxes” shall mean all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, or
otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.13(b)). 

  
 13 

 “Participant” shall have the meaning set forth in
Section 10.04(f). 
 “Participant Register” shall have the meaning set forth in
Section 10.04(g). 
 “PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and
defined in ERISA and any successor entity performing similar functions. 
 “Permitted Debt” shall mean: (a) Debt of
any Subsidiary to any Group Member; (b)(i) Debt of any Subsidiary incurred pursuant to the 2019 JPMorgan Credit Agreement, and (ii) Guarantees by any Subsidiary of Debt of any Subsidiary that is a borrower under the 2019 JPMorgan Credit
Agreement; (c) any Debt incurred pursuant to Sale and Leaseback Transactions permitted under Section 7.03; (d) Debt of any Subsidiary as an account party in respect of trade letters of credit, to the extent that such
letters of credit are not drawn upon; (e) Debt of any Person existing at the time such Person becomes a Subsidiary; provided, that, such Debt was not created in anticipation of such Person becoming a Subsidiary; (f) Debt
secured by any Lien permitted pursuant to Section 7.02(b) or Section 7.02(q); (g) Debt consisting of guarantees of loans made to officers, directors or employees of any Subsidiary;
(h) unsecured trade accounts payable and other unsecured current Debt incurred in the ordinary course of business and not more than 120 days past due (but excluding any Debt for borrowed money); (i) any Permitted Receivables Securitization;
(j) Debt with respect to surety, appeal and performance bonds obtained by any Subsidiary in the ordinary course of business; (k) Debt owed in respect of any netting services, overdrafts and related liabilities arising from treasury,
depository and cash management services or in connection with any automated clearing-house transfers of funds; (l) Debt incurred at a Japanese subsidiary of the Borrower and listed in Schedule 1.01 hereto in an aggregate principal amount
(together with any replacements, renewals, refinancings or extensions thereof pursuant to clause (m) below) not to exceed $300,000,000 (or the equivalent thereof in Japanese Yen); and (m) any replacement, renewal, refinancing or
extension of any Debt referenced in clause (e) or (1) above that does not exceed the aggregate principal amount (plus associated fees and expenses) of the Debt being replaced, renewed, refinanced or extended (except that
accrued and unpaid interest not delinquent in accordance with its terms may be part of any refinancing pursuant to this clause). 

“Permitted Receivables Securitization” shall mean the incurrence of Debt in respect of any receivables securitization of the
Borrower or any Subsidiary. 
 “Person” shall mean any natural person, corporation, limited liability company, trust, joint
venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan” shall mean any “employee
pension benefit plan”, as defined in Section 3(2) of ERISA (other than a Multiemployer Plan), subject to the provisions of Title IV or Section 302 of ERISA or Section 412 of the Code that is maintained by the Borrower or any
ERISA Affiliate for current or former employees, or any beneficiary thereof, of the Borrower or any ERISA Affiliate. 
 “Pricing
Grid” shall mean the facility fee and Applicable Margin grid set forth in Annex I. 
 “PTE” shall mean a
prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. 

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

  
 14 

 “QFC Credit Support” shall have the meaning set forth in
Section 10.20.  
 “Qualified Material Acquisition” shall mean any acquisition of all the
Capital Stock in a Person, or of all or substantially all the assets of any Person (or of any division or line of business of any Person), by the Borrower or one of its Subsidiaries that, together with any other such acquisition consummated in any
single fiscal quarter of the Borrower, involves the incurrence by the Borrower or its Subsidiaries of Debt to finance the acquisition consideration therefor (including refinancing of any Debt of such acquired Person), or assumption by the Borrower
or its Subsidiaries of existing Debt of such acquired Person (or such division or line of business), in an aggregate principal amount of $1,000,000,000 or more. 

“Rating Agencies” shall mean Moody’s and S&P. 

“Ratings” shall have the meaning set forth in Annex I. 

“Recipient” shall mean the Administrative Agent and any Lender or any combination thereof (as the context requires). 

“Register” shall have the meaning set forth in Section 10.04(d). 

“Related Parties” shall mean, with respect to any specified Person, such Person’s Affiliates and the respective
directors, officers, partners, members, trustees, employees, agents, administrators, managers, representatives and advisors of such Person and of such Person’s Affiliates. 

“Relevant Governmental Body” shall mean the Federal Reserve Board and/or the NYFRB, or a committee officially endorsed or
convened by the Federal Reserve Board and/or the NYFRB for the purpose of recommending a benchmark rate to replace LIBOR in loan agreements similar to this Agreement. 

“Required Lenders” shall mean, at any time, Lenders having Total Credit Exposures representing more than 50% of the Total
Credit Exposures of all Lenders at such time. The Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders at any time. 

“Resolution Authority” shall mean an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK
Resolution Authority. 
 “Restricted Lender” shall have the meaning set forth in Section 1.06.

 “Revolving Availability Period” shall mean the period from and including the Effective Date to (but excluding) the
earlier of the Maturity Date and the date of termination of the Aggregate Commitments in accordance with the terms hereof. 

“Revolving Credit Exposure” shall mean, as at any date of determination with respect to any Lender, an amount equal to the
aggregate principal amount of such Lender’s outstanding Loans on such date. 
 “S&P” shall mean S&P Global
Ratings, a division of S&P Global Inc., and any successor to its rating agency business. 
 “Sale and Leaseback
Transaction” shall mean any arrangement with any Person pursuant to which the Borrower or any Subsidiary leases any property that has been or is to be sold or transferred by the Borrower or the Subsidiary to such Person, other than
(a) temporary leases for a term, including renewals at the option of the lessee, of not more than three years, (b) leases between the Borrower and a Subsidiary 

  
 15 

 
or between Subsidiaries, (c) leases of property executed by the time of, or within 12 months after the latest of, the acquisition, the completion of construction or improvement, or the
commencement of commercial operation, of such property and (d) arrangements pursuant to any provision of law with an effect similar to that under former Section 168(f)(8) of the Internal Revenue Code of 1954. 

“Sanctioned Country” shall mean, at any time, a country, region or territory that is itself the subject or target of any
Sanctions. 
 “Sanctioned Person” shall mean, at any time, (a) any Person listed in any Sanctions-related list of
designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom, the State Secretariat for Economic
Affairs of Switzerland, the Swiss Directorate of International Law, the Hong Kong Monetary Authority or the Monetary Authority of Singapore, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or
controlled by any Person or Persons described in the preceding clauses (a) and (b). 
 “Sanctions” shall
mean all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State, or (b) the United Nations
Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom, the State Secretariat for Economic Affairs of Switzerland, the Swiss Directorate of International Law, the Hong Kong Monetary
Authority or the Monetary Authority of Singapore. 
 “Scheduled Unavailability Date” shall have the meaning set forth in
Section 3.08(c)(ii). 
 “SEC” shall mean the Securities and Exchange Commission. 

“SOFR”, with respect to any day, shall mean the secured overnight financing rate published for such day by the NYFRB, as the
administrator of the benchmark (or a successor administrator) on the NYFRB’s website and that has been selected or recommended by the Relevant Governmental Body. 

“SOFR-Based Rate” shall mean SOFR or Term SOFR. 

“Specified Provision” shall have the meaning set forth in Section 1.06. 

“subsidiary” shall mean, with respect to any Person (the “parent”) at any date, (a) for purposes of
Section 7.03 only, any Person the majority of the outstanding Voting Stock of which is owned, directly or indirectly, by the parent or one or more subsidiaries of the parent and (b) for all other purposes under this
Agreement, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements
were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity of which Capital Stock representing more than 50% of the equity or more than 50% of the
ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held by the parent or one or more subsidiaries of the parent. 

“Subsidiary” shall mean a subsidiary of the Borrower. 

“Supported QFC” shall have the meaning set forth in Section 10.20. 

  
 16 

 “Taxes” shall mean any and all present or future taxes, levies, imposts,
duties, deductions, charges or withholdings (including backup withholdings) imposed by any Governmental Authority and all interest, additions to tax, penalties or liabilities with respect thereto. 

“Term SOFR” shall mean the forward-looking term rate for any period that is approximately (as determined by the
Administrative Agent) as long as any of the Interest Period options set forth in the definition of “Interest Period” and that is based on SOFR and that has been selected or recommended by the Relevant Governmental Body, in each case as
published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion. 
 “Test
Period” shall have the meaning set forth in Section 7.04. 
 “Total Credit Exposure”
shall mean, as to any Lender at any time, the unused Commitment of such Lender at such time and the Revolving Credit Exposure of such Lender at such time. 

“Transactions” shall mean the execution and delivery by the Borrower of this Agreement, the performance by the Borrower of
its obligations hereunder, the borrowings made or to be made hereunder and the use of the proceeds thereof. 
 “Type”, when
used in respect of (a) any Loan, shall refer to whether such Loan is a Eurodollar Loan or an ABR Loan, and (b) any Borrowing, shall refer to whether such Borrowing is comprised of Eurodollar Loans or ABR Loans. 

“UK Financial Institution” shall mean any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from
time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes
certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 
 “UK
Resolution Authority” shall mean the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. 

“Undisclosed Administration” shall mean, in relation to a Lender or a Lender Parent, the appointment of an administrator,
provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator under or based on the law in the country where such Lender is subject to home jurisdiction supervision if applicable
law requires that such appointment is not to be publicly disclosed. 
 “United States” shall mean the United States of
America. 
 “USA PATRIOT Act” shall mean the Uniting and Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism Act of 2001. 
 “U.S. Special Resolution Regimes” shall have the meaning set forth in
Section 10.20. 
 “U.S. Tax Compliance Certificate” shall have the meaning set forth in
Section 3.11(h). 
 “Value” shall mean, with respect to a Sale and Leaseback Transaction, an
amount equal to the present value of the lease payments with respect to the term of the lease (reduced by the amount of rental obligations of any sublessee of all or part of the same property) remaining on the date as of which the amount is being
determined, without regard to any renewal or extension options contained in the lease, discounted at an interest rate determined by the Borrower at the time of the consummation of such Sale and Leaseback Transaction as long as such interest rate is
customary for leases of such type. 

  
 17 

 “Voting Stock” shall mean, as applied to the Capital Stock of any Person,
Capital Stock of any class or classes (however designated) having by the terms thereof ordinary voting power to elect a majority of the members of the board of directors (or other governing body) of such Person other than Capital Stock having such
power only by reason of the happening of a contingency. 
 “Wholly Owned Subsidiary” of any Person shall mean a subsidiary
of such Person of which Capital Stock (except for directors’ qualifying shares) representing 100% of the equity is, at the time any determination is being made, owned by such Person or one or more wholly owned subsidiaries of such Person or by
such Person and one or more wholly owned subsidiaries of such Person. 
 “Write-Down and Conversion Powers” shall mean,
(a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member
Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under
the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of
that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that
liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 

SECTION 1.02.    Classification of Loans and Borrowings. For purposes of this
Agreement, Loans may be classified and referred to by Type (e.g., a “Eurodollar Loan”). Borrowings also may be classified and referred to by Type (e.g., a “Eurodollar Borrowing”). 

SECTION 1.03.    Terms Generally. The definition 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”. The words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and all real and personal, tangible and intangible assets and properties, including cash, securities, accounts and contract rights. The word
“law” shall be construed as referring to all statutes, rules, regulations, codes and other laws (including official rulings and interpretations thereunder having the force of law or with which affected Persons customarily comply), and all
judgments, orders, writs and decrees, of all Governmental Authorities. Except as otherwise expressly provided herein and unless the context requires otherwise, (a) any definition of or reference to any agreement, instrument or other document
(including this Agreement and the other Loan Documents) shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments,
supplements or modifications set forth herein), (b) any definition of or reference to any statute, rule or regulation shall be construed as referring thereto as from time to time amended, supplemented or otherwise modified (including by succession
of comparable successor laws), (c) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignment set forth herein) and, in the case of any Governmental
Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof, (d) 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 and (e) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this
Agreement. 

  
 18 

 SECTION 1.04.    Accounting Terms;
GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided, that, if the Borrower notifies the
Administrative Agent that the Borrower wishes to amend any covenant in Article VII or any related definition or other financial term used herein to eliminate the effect of any change in GAAP or in the application thereof occurring after the
Effective Date on the operation of such covenant (or if the Administrative Agent notifies the Borrower that the Required Lenders wish to amend Article VII or any related definition or other financial term used herein for such purpose),
regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then the Borrower’s compliance with such covenant shall be determined on the basis of GAAP in effect immediately before the
relevant change in GAAP or in the application thereof became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrower and the Required Lenders. Notwithstanding any other provision
contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to (a) any election under Financial Accounting
Standards Board Accounting Standards Codification 825 (or any other Accounting Standards Codification having a similar result or effect) (and related interpretations) to value any Debt of the Borrower or any Subsidiary at “fair value”, as
defined therein, (b) any change in accounting for leases pursuant to GAAP resulting from the implementation of Financial Accounting Standards Board ASU No. 2016-02, Leases (Topic 842), to the extent
such implementation would require recognition of a lease liability where such lease (or similar arrangement) would not have required a lease liability under GAAP as in effect on December 31, 2015, (c) any treatment of Debt in respect of
convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) (and related
interpretations) to value any such Debt in a reduced or bifurcated manner as described therein, and such Debt shall at all times be valued at the full stated principal amount thereof, and (d) any valuation of Debt below its full stated
principal amount as a result of application of Financial Accounting Standards Board Accounting Standards Update No. 2015-03, it being agreed that Debt shall at all times be valued at the full stated
principal amount thereof. 
 SECTION 1.05.    Interest Rates. The Administrative
Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “Eurodollar Rate” or with
respect to any rate that is an alternative or replacement for or successor to any of such rate (including any LIBOR Successor Rate) or the effect of any of the foregoing, or of any LIBOR Successor Rate Conforming Changes. 

SECTION 1.06.    Blocking Regulation. In relation to any Lender that is subject to
the regulations referred to below (each, a “Restricted Lender”), any representation, warranty or covenant set forth herein that refers to Sanctions (each, a “Specified Provision”) shall only apply for the benefit of
such Restricted Lender to the extent that such Specified Provision would not result in a violation of, conflict with or liability under Council Regulation (EC) 2271/96 (or any law implementing such regulation in any member state of the European
Union) or any similar blocking or anti-boycott law in Germany (including, in the case of Germany, section 7 foreign trade rules (Außenwirtschaftsverordnung – AWV) in connection with section 4 paragraph 1 foreign trade law
(Außenwirtschaftsgesetz – AWG)) or in the United Kingdom (the “Mandatory Restrictions”). In the event of any consent or direction by Lenders in respect of any Specified Provision of which a Restricted Lender does
not have the benefit due to a Mandatory Restriction, then, notwithstanding anything to the contrary in the definition of Required Lenders, for so long as such Restricted Lender shall be subject to a Mandatory Restriction, the Commitment and the
Revolving Credit Exposure of such Restricted Lender will be disregarded for the purpose of determining whether the requisite consent of the Lenders has been obtained or direction by the requisite Lenders has been made, it being agreed, however,
that, unless, in connection with any such determination, the Administrative Agent shall have received written notice from any Lender stating that such Lender is a Restricted Lender with respect thereto, each Lender shall be presumed, in connection
with such determination, not to be a Restricted Lender. 

  
 19 

SECTION 1.07.    Divisions.    For all purposes under the Loan
Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right,
obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been
organized and acquired on the first date of its existence by the holders of its Capital Stock at such time. 
 ARTICLE II 

AMOUNT AND TERMS OF THE COMMITMENTS 

SECTION 2.01.    Commitments. Subject to the terms and conditions set forth
herein, each Lender agrees to make revolving loans (each, a “Loan”) to the Borrower from time to time during the Revolving Availability Period in Dollars in an aggregate principal amount that will not result in (a) such
Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment or (b) the sum of the total Revolving Credit Exposures of all of the Lenders exceeding the Aggregate Commitments. Within the foregoing limits and subject to the
terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans. Loans may be ABR Loans or Eurodollar Loans, as further provided herein; provided, that, any Borrowing made on the Effective Date or any of the
three (3) Business Days following the Effective Date shall be made as ABR Loans unless the Borrower delivers a funding indemnity letter reasonably satisfactory to the Administrative Agent not less than three (3) Business Days prior to the
date of such Borrowing. 
 SECTION 2.02.    Loans and Borrowings. 

(a)    Each Loan shall be made as part of a Borrowing consisting of Loans of the same Type made by the
Lenders ratably in accordance with their respective Commitments. 
 (b)    The failure of any Lender to
make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided, that, the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure
to make such Loans as required. 
 (c)    Subject to Section 3.08, each
Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such
Loan; provided, that, any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 

(d)    At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in
an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000; provided, that, any Eurodollar Borrowing that results from a continuation of an outstanding Borrowing may be in an aggregate amount that is
equal to such outstanding Borrowing. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000; provided, that, an ABR Borrowing
may be in an aggregate amount that is equal to the entire unused balance of the Aggregate Commitments. Borrowings of more than one Type may be outstanding at the same time; provided, that, there shall not at any time be more than a
total of ten (10) Borrowings outstanding. 

  
 20 

 (e)    Notwithstanding any other provision of this
Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date. 

SECTION 2.03.    Requests for Borrowings. To request a Borrowing, the Borrower
shall deliver to the Administrative Agent a duly completed Borrowing Request (a) in the case of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three (3) Business Days before the date of the proposed Borrowing, and
(b) in the case of an ABR Borrowing, not later than 12:00 noon, New York City time, on the date of the proposed Borrowing. Each such Borrowing Request shall be irrevocable and shall specify the following information in compliance with
Section 2.02: 
 (i)    the aggregate amount of the requested Borrowing; 

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

(iii)    whether such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; 

(iv)    in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which
shall be a period contemplated by the definition of the term “Interest Period”; and 

(v)    the location and number of the account of the Borrower to which funds are to be disbursed, which
shall comply with the requirements of Section 3.01. 
 If no election as to the Type of Borrowing is specified, then the requested
Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following
receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

ARTICLE III 
 GENERAL
PROVISIONS APPLICABLE TO LOANS 
 SECTION 3.01.    Funding of Borrowings.

 (a)    Each Lender shall make the amount of each Loan to be made by it hereunder on the proposed date
thereof available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office, by 2:00 p.m., New York City time. The Administrative Agent will make Loans available to the Borrower by promptly crediting the
amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent (or such other account as may be designated by the Borrower in the applicable Borrowing Request). If a Borrowing shall not occur on such date
because any condition precedent herein specified shall not have been met, the Administrative Agent shall return the amounts so received to the Lenders. 

  
 21 

 (b)    Unless the Administrative Agent shall have
received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made
such share available on such date in accordance with clause (a) of this Section 3.01 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 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 (i) in the case of 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, or (ii) in the case of the Borrower, the interest rate on the applicable Borrowing; provided, that, no
repayment by the Borrower pursuant to this sentence shall be deemed to be a prepayment for purposes of Section 3.10. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such
Lender’s Loan included in such Borrowing. If the Borrower and such Lender shall both 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. 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. 

SECTION 3.02.    Interest Elections. 

(a)    Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in
the case of a Eurodollar Borrowing, shall have an initial Interest Period as specified in such Borrowing Request or as otherwise provided in Section 2.03. Thereafter, the Borrower may elect to convert such Borrowing to a
different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower may elect different options with respect to different portions of the
affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. 

(b)    To make an election pursuant to this Section, the Borrower shall deliver to the Administrative Agent
a duly completed Interest Election Request by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the
effective date of such election. 
 (c)    Each Interest Election Request shall be irrevocable and shall
specify the following information in compliance with Section 2.03: 

(i)    the Borrowing to which such Interest Election Request applies and, if different options are being
elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for
each resulting Borrowing); 
 (ii)    the effective date of the election made pursuant to such Interest
Election Request, which shall be a Business Day; 

  
 22 

 (iii)    whether the resulting Borrowing is to be an ABR
Borrowing or Eurodollar Borrowing; and 
 (iv)    if the resulting Borrowing is a Eurodollar Borrowing,
the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 

If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be
deemed to have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this Section, the Borrower shall not be permitted to elect an Interest Period that does not comply with
Section 2.02(e). 
 (d)    Promptly following receipt of an Interest Election
Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 

(e)    If the Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar
Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing. 

SECTION 3.03.    Termination and Reduction of Aggregate Commitments. 

(a)    Unless previously terminated, the Aggregate Commitments shall terminate on the Maturity Date. 

(b)    The Borrower may at any time terminate, or from time to time reduce, the Aggregate Commitments;
provided, that: (i) each reduction of the Aggregate Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $3,000,000 and (ii) the Borrower shall not terminate or reduce the Aggregate
Commitments if, after giving effect to any concurrent prepayment of the Loans, the sum of the total Revolving Credit Exposures of all of the Lenders would exceed the Aggregate Commitments. 

(c)    The Borrower shall notify the Administrative Agent of any election to terminate or reduce the
Aggregate Commitments under Section 3.03(b) at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of
any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided, that, a notice of termination of the Aggregate
Commitments delivered by the Borrower may state that such notice is conditioned upon the occurrence of one or more events specified therein, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior
to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Aggregate Commitments shall be permanent. Each reduction of the Aggregate Commitments shall be made ratably among the Lenders in accordance with
their respective Commitments. All fees in respect of the Aggregate Commitments accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination. 

  
 23 

 SECTION 3.04.    Repayment of Loans;
Evidence of Debt. 
 (a)    The Borrower hereby unconditionally promises to pay to the
Administrative Agent, for the account of each Lender, on the Maturity Date, the then unpaid principal amount of the Loans made by such Lender. 

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

(c)    The Administrative Agent shall maintain a Register pursuant to
Section 10.04(d) and an account for each Lender in which it shall record (i) the amount of each Loan made hereunder and any promissory note evidencing such Loan and the Type thereof and the Interest Period applicable
thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of
the Lenders and each Lender’s share thereof. 
 (d)    The entries made in the Register and the
accounts of each Lender maintained pursuant to Section 3.04(b) and (c) shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided, that, the
failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement. 

(e)    Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the
Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times
(including after assignment pursuant to Section 10.04) be represented by one or more promissory notes in such form payable to such payee and its assigns. 

SECTION 3.05.    Prepayment of Loans. 

(a)    Voluntary. The Borrower shall have the right at any time and from time to time to prepay any
Borrowing in whole or in part and without premium or penalty (other than amounts required to be paid in accordance with Section 3.10), subject to prior notice in accordance with Section 3.05(c).

 (b)    Mandatory. If for any reason the sum of the total Revolving Credit Exposures of all of
the Lenders exceeds the Aggregate Commitments then in effect, the Borrower shall, as soon as practicable but in no event later than three (3) Business Days after the earlier of (i) the date on which the Borrower learns thereof and
(ii) the date on which the Administrative Agent so requests in writing, prepay the Loans outstanding at such time in an aggregate principal amount equal to the amount of the excess over the Aggregate Commitments. 

(c)    Notice of Prepayment. The Borrower shall notify the Administrative Agent by telephone
(confirmed by fax or e-mail) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of
prepayment, and (ii) in the case of prepayment of an ABR Borrowing, not later than 12:00 noon, New York City time, one Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and
the principal amount of each Borrowing or portion thereof to be prepaid; provided, that, if a notice of optional prepayment is 

  
 24 

 
given in connection with a conditional notice of termination of the Aggregate Commitments as contemplated by Section 3.03, then such notice of prepayment may be revoked
if such notice of termination is revoked in accordance with Section 3.03. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof.
Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02, except as necessary to apply fully the required
amount of a mandatory prepayment. 
 (d)    Application of Prepayments. Each prepayment of a
Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Within each Loan, prepayments will be applied first to ABR Loans and then to Eurodollar Loans in direct order of Interest Period maturities. Prepayments shall be
accompanied by accrued interest to the extent required by Section 3.07. 

(e)    Records. The Borrower will use reasonable efforts to implement and maintain internal controls
to monitor the Borrowings and repayments, with the object of preventing any request for a Borrowing that would cause conditions specified in the first sentence of Section 2.01 not to be satisfied. 

SECTION 3.06.    Fees. 

(a)    The Borrower agrees to pay to the Administrative Agent for the account of each Lender a facility
fee, which shall accrue at the facility fee rate per annum determined pursuant to the Pricing Grid, on the daily amount of the Commitment of such Lender (whether used or unused) during the period from and including the Effective Date to but
excluding the date on which such Commitment terminates; provided, that, if a Lender continues to have any Revolving Credit Exposure after its Commitment terminates, then such facility fee shall continue to accrue on the daily amount of
such Lender’s Revolving Credit Exposure from and including the date on which its Commitment terminates to but excluding the date on which such Lender ceases to have any Revolving Credit Exposure. Accrued facility fees shall be payable in
arrears on the last day of March, June, September and December of each year and on the date on which the Commitment terminates, commencing on the first such date to occur after the Effective Date; provided, that, any facility fees
accruing on the Revolving Credit Exposure after the date on which a Commitment terminates shall be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed
(including the first day but excluding the last day). 
 (b)    The Borrower agrees to pay to the
Administrative Agent, for its own account, fees in the amounts and at the times specified in the Fee Letter. Such fees shall be fully earned when paid. 

(c)    All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the
Administrative Agent. Fees paid shall not be refundable under any circumstances. 

SECTION 3.07.    Interest. 

(a)    The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus
the Applicable Margin. 
 (b)    The Loans comprising each Eurodollar Borrowing shall bear interest at
the Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin. 

  
 25 

 (c)    Notwithstanding the foregoing, if any principal
of or interest on any Loan or any fee or other amount payable by the Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a
rate per annum equal to (i) in the case of overdue principal of any Loan, 2.0% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any other amount, 2.0%
plus the rate applicable to ABR Loans as provided in Section 3.07(a). 

(d)    Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such
Loan and upon termination of the Aggregate Commitments; provided, that, (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment
of any Loan (other than a prepayment of an ABR Loan prior to the end of the Revolving Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the
event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

(e)    All computations of interest for ABR Loans (including ABR 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 3.12(a), bear interest for one day. The applicable Alternate Base Rate or Eurodollar Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error. 

SECTION 3.08.    Alternate Rate of Interest. 

(a)    If in connection with any request for a Eurodollar Loan or a conversion to or continuation thereof,
(i) the Administrative Agent determines that (A) Dollar deposits are not being offered to banks in the London interbank market for the applicable amount and Interest Period of such Eurodollar Loan, or (B) (x) adequate and reasonable
means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Loan or in connection with an existing or proposed ABR Loan, and (y) the circumstances in
Section 3.08(c)(i) do not apply (in each case with respect to this clause (i), “Impacted Loans”), or (ii) the Administrative Agent or the Required Lenders determine that for any reason the Eurodollar
Rate for any requested Interest Period with respect to a proposed Eurodollar Loan does not adequately and fairly reflect the cost to such Lenders of funding such Eurodollar Loan, the Administrative Agent will promptly so notify the Borrower and each
Lender in writing. Thereafter, (x) the obligation of the Lenders to make or maintain Eurodollar Loans shall be suspended (to the extent of the affected Eurodollar 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 Alternate Base Rate, the utilization of the Eurodollar Rate component in determining the Alternate Base Rate shall be suspended, in each case until the
Administrative Agent 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 Loans (to the extent of the affected Eurodollar Loans or Interest
Periods) or, failing that, (1) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective and (2) if any Borrowing Request requests a
Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing. 

  
 26 

 (b)    Notwithstanding the foregoing, if the
Administrative Agent has made the determination described in clause (i) of Section 3.08(a), the Administrative Agent, in consultation with the Borrower, may establish an alternative interest rate for the
Impacted Loans, in which case, such alternative rate of interest shall apply with respect to the Impacted Loans until (1) the Administrative Agent revokes the notice delivered with respect to the Impacted Loans under clause (i) of
the first sentence of this section, (2) the Administrative Agent or the Required Lenders notify the Administrative Agent and the Borrower that such alternative interest rate does not adequately and fairly reflect the cost to such Lenders of
funding the Impacted Loans, or (3) any Lender determines that any law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender or its applicable lending office to make, maintain or fund Loans
whose interest is determined by reference to such alternative rate of interest or to determine or charge interest rates based upon such rate or any Governmental Authority has imposed material restrictions on the authority of such Lender to do any of
the foregoing and provides the Administrative Agent and the Borrower written notice thereof. 

(c)    Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, if the
Administrative Agent determines (which determination shall be conclusive and binding upon all parties hereto absent manifest error), or the Borrower or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a
copy to the Borrower) that the Borrower or Required Lenders (as applicable) have determined (which determination likewise shall be conclusive and binding upon all parties hereto absent manifest error), that: 

(i)    adequate and reasonable means do not exist for ascertaining LIBOR for any requested Interest Period,
including because the LIBOR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or 

(ii)    the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the
Administrative Agent has made a public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall no longer be made available, or used for determining the interest rate of loans; provided, that, at the time
of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, that will continue to provide LIBOR after such specific date (such specific date, the “Scheduled Unavailability Date”); or 

(iii)    syndicated loans currently being executed, or that include language similar to that contained in
this Section 3.08(c), are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR; 

then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as
applicable, the Administrative Agent and the Borrower may amend this Agreement solely for the purpose of replacing LIBOR in accordance with this Section 3.08(c) to replace LIBOR with (x) one or more SOFR-Based Rates or
(y) another alternate benchmark rate giving due consideration to any evolving or then-existing convention for similar Dollar-denominated syndicated credit facilities for such alternative benchmarks and, in each case, including any mathematical
or other adjustments to such benchmark giving due consideration to any evolving or then-existing convention for similar Dollar-denominated syndicated credit facilities for such benchmarks, which adjustment or method for calculating such adjustment
shall be published on an information service as selected by the Administrative Agent from time to time 

  
 27 

 
in its reasonable discretion and may be periodically updated (the “Adjustment;” and any such proposed rate, a “LIBOR Successor Rate”), and any such amendment
shall become effective at 5:00 p.m., New York City time, on the fifth (5th) Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrower
unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders (A) in the case of an amendment to replace LIBOR with a rate described in clause
(x) above, object to the Adjustment, or (B) in the case of an amendment to replace LIBOR with a rate described in clause (y) above, object to such amendment; provided, that, for the avoidance of doubt, in
the case of clause (A) above, the Required Lenders shall not be entitled to object to any SOFR-Based Rate contained in any such amendment. Such LIBOR Successor Rate shall be applied in a manner consistent with market practice;
provided, that, to the extent such market practice is not administratively feasible for the Administrative Agent, such LIBOR Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent.

 If no LIBOR Successor Rate has been determined and the circumstances under clause (i) above exist or the
Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower and each Lender in writing. Thereafter, (x) the obligation of the Lenders to make or maintain Eurodollar Loans shall be
suspended (to the extent of the affected Eurodollar Loans or Interest Periods), and (y) the Eurodollar Rate component shall no longer be utilized in determining the Alternate Base Rate. Upon receipt of such notice, the Borrower may revoke any
pending request for a Borrowing of, conversion to or continuation of Eurodollar Loans (to the extent of the affected Eurodollar Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing
of ABR Loans (subject to the foregoing clause (y)) in the amount specified therein. 
 Notwithstanding anything else
herein, any definition of LIBOR Successor Rate shall provide that in no event shall such LIBOR Successor Rate be less than 0.25% for purposes of this Agreement. 

In connection with the implementation of a LIBOR Successor Rate, the Administrative Agent will have the right to make LIBOR
Successor Rate Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such LIBOR Successor Rate Conforming Changes will become effective without any
further action or consent of any other party to this Agreement; provided, that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such LIBOR Successor Rate Conforming
Changes to the Lenders reasonably promptly after such amendment becomes effective. 

SECTION 3.09.    Increased Costs. 

(a)    If any Change in Law shall: 

(i)    impose, modify or deem applicable any reserve, special deposit, liquidity, compulsory loan,
insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender (except for any such reserve requirement which is contemplated by Section 3.09(e)); 

(ii)    impose on any Lender or the London interbank market any other condition, cost or expense (other
than Taxes) affecting this Agreement or Loans made by such Lender; or 

  
 28 

 (iii)    subject any Recipient to any Taxes (other than
(A) Indemnified Taxes, (B) Taxes described in clauses (b) through (c) of the definition of the term “Excluded Taxes” and (C) Connection Income Taxes) on its loans, loan principal, letters of credit,
commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; 
 and the result of any of
the foregoing shall be to increase the cost to such Lender or other Recipient of making or maintaining any Loan (or of maintaining its obligation to make any Loan) by an amount deemed by such Lender or other Recipient to be material or to reduce the
amount of any sum received or receivable by such Lender or other Recipient hereunder (whether of principal, interest or otherwise) by an amount deemed by such Lender or other Recipient to be material, then the Borrower will pay to such Lender or
other Recipient such additional amount or amounts as will compensate such Lender or other Recipient for such additional costs actually incurred or reduction actually suffered. 

(b)    If any Lender determines that any Change in Law affecting such Lender or any lending office of such
Lender or such Lender’s holding company, if any, regarding capital or liquidity requirements, has had or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company,
if any, as a consequence of this Agreement or the Loans held by such Lender to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s
policies and the policies of such Lender’s holding company with respect to capital adequacy and liquidity) by an amount deemed by such Lender to be material, then from time to time the Borrower will pay to such Lender such additional amount or
amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 

(c)    A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender as
specified in Section 3.09(a) or (b), and setting forth in reasonable detail the manner in which such amount or amounts shall have been determined, shall be delivered to the Borrower and shall be conclusive absent
manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

(d)    Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not
constitute a waiver of such Lender’s right to demand such compensation; provided, that, the Borrower shall not be required to compensate a Lender pursuant to this Section for any increased costs or reductions incurred more than 90
days prior to the date that such Lender notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor; provided, further, that, if
the Change in Law giving rise to such increased costs or reductions is retroactive, then the 90-day period referred to above shall be extended to include the period of retroactive effect thereof. 

(e)    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 Loan equal to the actual
costs of such reserves allocated to such Eurodollar Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such
Eurodollar Loan; provided, that, the Borrower shall have received at least 10 days’ prior written notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give written
notice 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable 10 days from receipt of such written notice. 

  
 29 

 (f)    The obligations of the Borrower under this
Section shall survive the termination of the Aggregate Commitments, the repayment in full of the Loans and all other amounts payable hereunder and the termination of this Agreement. 

SECTION 3.10.    Break Funding Payments. In the event of (a) the payment or
prepayment of any principal of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan other than on the last day of the
Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under
Section 3.05(c) and is revoked in accordance therewith) or (d) the assignment of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower
pursuant to Section 3.13, then, in any such event, the Borrower shall compensate each Lender for the out-of-pocket loss, cost and expense
attributable to such event. In the case of a Eurodollar Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the present value of the excess, if any, of (i) its cost of obtaining
the funds for the applicable Loan (assumed to be the Eurodollar Rate applicable thereto) for the period from the date of such applicable event to the last day of the Interest Period for such Loan (or, in the case of a failure to borrow, convert or
continue, the Interest Period for such Loan which would have commenced on the date of such failure) over (ii) the amount of interest (as reasonably determined by such Lender) that would be realized by such Lender in reemploying such
funds for such period or Interest Period, as the case may be. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section and setting forth in reasonable detail the manner in which
such amount or amounts shall have been determined shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt
thereof. The obligations of the Borrower under this Section shall survive the termination of the Aggregate Commitments, the repayment in full of the Loans and all other amounts payable hereunder and the termination of this Agreement. 

SECTION 3.11.    Taxes. 

(a)    Any and all payments to the Lenders or the Administrative Agent hereunder by the Borrower or on
behalf of the Borrower shall be made free and clear of and without deduction for any and all current or future Taxes, except as required by applicable law. If under any applicable law the Borrower shall be required to deduct any Indemnified Tax from
or in respect of any sum payable hereunder to any Recipient, (i) the sum payable shall be increased by the amount (an “Additional Amount”) necessary so that after making all required deductions (including deductions applicable
to Additional Amounts payable under this Section 3.11) such Recipient shall receive an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and
(iii) the Borrower shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. 

(b)    In addition, the Borrower shall pay to the relevant Governmental Authority in accordance with
applicable law any Other Taxes. 
 (c)    The Borrower shall indemnify each Lender (or Participant) and
the Administrative Agent for the full amount of Indemnified Taxes paid by such Lender (or Participant) or the Administrative Agent and any liability (including penalties, interest and expenses (including reasonable attorney’s fees and
expenses)) arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability prepared by a Lender,
or by the Administrative Agent on its own behalf or on behalf of a Lender, and setting forth in reasonable 

  
 30 

 
detail the manner in which such amount shall have been determined, absent manifest error, shall be final, conclusive and binding for all purposes. Such indemnification shall be made within 30
days after the date such Lender or the Administrative Agent, as the case may be, makes written demand therefor, which written demand shall be made within 60 days of the date such Lender or the Administrative Agent receives written demand for payment
of such Indemnified Taxes from the relevant Governmental Authority. 
 (d)    Each Lender shall severally
indemnify the Administrative Agent, within 30 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative Agent for such
Indemnified Taxes and without limiting the obligation of the Borrower to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.04(g) relating to the maintenance of a
Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with
respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent, absent
manifest error, shall be final, conclusive and binding for all purposes. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by
the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (d). 

(e)    If a Lender (or Participant) or the Administrative Agent receives a refund, which in its reasonable
judgment is in respect of any Indemnified Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid Additional Amounts pursuant to this Section 3.11, it shall within 30 days
from the date of such receipt pay over such refund to the Borrower (but only to the extent of indemnity payments made, or Additional Amounts paid, by the Borrower under this Section 3.11 with respect to the Indemnified
Taxes giving rise to such refund), net of all out-of-pocket expenses of such Lender (or Participant) or the Administrative Agent and without interest (other than
interest paid by the relevant Governmental Authority with respect to such refund); provided, that, the Borrower, upon the request of such Lender (or Participant) or the Administrative Agent, agrees to repay the amount paid over to the
Borrower (plus penalties, interest or other charges) to such Lender (or Participant) or the Administrative Agent in the event such Lender (or Participant) or the Administrative Agent is required to repay such refund to such Governmental Authority.

 (f)    As soon as practicable after the date of any payment of Indemnified Taxes by the Borrower to
the relevant Governmental Authority, the Borrower will deliver to the Administrative Agent at its address referred to in Section 10.01, the original or a certified copy of a receipt issued by such Governmental Authority
evidencing payment thereof. 
 (g)    Without prejudice to the survival of any other agreement contained
herein, the agreements and obligations contained in this Section 3.11 shall survive the payment in full of the principal of and interest on all Loans made hereunder. 

(h)    Each Lender (or Participant) that is not a United States person as defined in
Section 7701(a)(30) of the Code (a “Non-U.S. Lender”) shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the
Administrative Agent, two copies of (i) in the case of a Non-U.S. Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest

  
 31 

 
under this Agreement or any other Loan Document, executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. Federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other
applicable payments under this Agreement or any other Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable,
establishing an exemption from, or reduction of, U.S. Federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty, (ii) an IRS Form W-8ECI,
(iii) in the case of a Non-U.S. Lender claiming exemption from U.S. Federal withholding tax under Section 871(h) or 881(c) of the Code with respect to payments of “portfolio interest,” (x)
a certificate substantially in the form of Exhibit D-1 to the effect that such Non-U.S. Lender is not a “bank” within the meaning of
Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 871(h)(3)(B) of the Code or a “controlled foreign corporation” described in Section 881(c)(3)(C) of
the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN or IRS Form
W-8BEN-E, as applicable, or (iv) to the extent a Non-U.S. Lender is not the beneficial owner, executed originals of IRS Form
W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate substantially in the form of Exhibit D-2 or
Exhibit D-3, IRS Form W-9 and/or another certification documents from each beneficial owner, as applicable; provided, that, if the Non-U.S. Lender is a partnership and one or more direct or indirect partners of such Non-U.S. Lender are claiming the portfolio interest exemption, such Non-U.S. Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit D-4 on behalf of each such direct or indirect partner, in each case,
properly completed and duly executed by such Non-U.S. Lender claiming complete exemption from, or reduced rate of, U.S. Federal withholding tax on payments by the Borrower under this Agreement. Each Lender (or
Participant) that is a U.S. person as defined in Section 7701(a)(30) of the Code shall deliver to the Borrower and the Administrative Agent two copies of IRS Form W-9, or any subsequent or substitute
versions thereof or successors thereto, certifying that such Lender (or Participant) is entitled to a complete exemption from U.S. Federal backup withholding tax on payments made pursuant to this Agreement. Such forms shall be delivered by each
Lender on or before the date it becomes a party to this Agreement (or, in the case of a Participant, on or before the date such Participant becomes a Participant hereunder) and on or before the date, if any, such Lender changes its applicable
lending office by designating a different lending office (a “New Lending Office”), unless each of the applicable lending office prior to such designation and the New Lending Office are located within the United States. In addition,
each Lender shall deliver such forms promptly upon the obsolescence or invalidity of any form previously delivered by such Lender. Notwithstanding any other provision of this Section 3.11(h), a Lender shall not be required
to deliver any form pursuant to this Section 3.11(h) that such Lender is not legally able to deliver. 

(i)    If a payment made to a Lender under any Loan Document would be subject to U.S. Federal withholding
Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the 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 obligations under
FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this paragraph (i), “FATCA” shall
include any amendments made to FATCA after the Effective Date. 

  
 32 

 (j)    The Borrower shall not be required to indemnify
any Lender (or Participant), or to pay any Additional Amounts to any Lender (or Participant), in respect of any United States withholding Tax pursuant to paragraph (a) or (c) above to the extent that (i) the obligation to
withhold amounts with respect to such withholding tax was in effect and would apply to amounts payable to such Lender on the date such Lender became a party to this Agreement (or, in the case of a Participant, on the date such Participant became a
Participant hereunder) or, with respect to payments to a New Lending Office, the date such Lender designated such New Lending Office with respect to a Loan; provided, that, this clause (j) shall not apply to any Lender (or
Participant) if the assignment, participation, transfer or designation of a New Lending Office was made at the request of the Borrower; and provided, further, that, this clause (j) shall not apply to the extent the
indemnity payment or Additional Amounts any Lender (or Participant) would be entitled to receive (without regard to this clause (j)) do not exceed the indemnity payment or Additional Amounts that the Lender (or Participant) making the
assignment, participation, transfer or designation of such New Lending Office would have been entitled to receive in the absence of such assignment, participation, transfer or designation, or (ii) the obligation to pay such Additional Amounts
would not have arisen but for a failure by such Lender (or Participant) to comply with the provisions of clause (h) or (i) of this Section 3.11. 

(k)    Nothing contained in this Section 3.11 shall require any Lender (or
Participant) or the Administrative Agent to make available any of its Tax returns (or any other information that it deems to be confidential or proprietary). 

SECTION 3.12.    Payments Generally; Pro Rata Treatment; Sharing of Setoffs. 

(a)    The Borrower shall make each payment required to be made by it hereunder (whether of principal,
interest, fees, or of amounts payable under Section 3.09, 3.10 or 3.11, or otherwise) prior to 3:00 p.m., New York City time, at the place of payment, on the date when due, in immediately available funds,
without setoff or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon.
All such payments shall be made to the Administrative Agent at the Administrative Agent’s Office, except that payments pursuant to Section 3.09, 3.10, 3.11 and 10.05 shall be made directly to the
Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day
that is not a Business Day, the date for payment shall be extended, except as otherwise provided in the definition of the terms “Maturity Date” and “Interest Period”, to the next succeeding Business Day, and, in the case of any
payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder and under the other Loan Documents shall be made in Dollars. Any payment required to be made by the Administrative Agent hereunder
shall be deemed to have been made by the time required if the Administrative Agent shall, at or before such time, have taken the necessary steps to make such payment in accordance with the regulations or operating procedures of the clearing or
settlement system used by the Administrative Agent to make such payment. 
 (b)    If at any time
insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due
hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal then due hereunder, ratably among the parties entitled thereto
in accordance with the amounts of principal then due to such parties. 

  
 33 

 (c)    If any Lender shall, by exercising any right of
setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and accrued interest thereon
than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Loans of such other Lenders to the extent necessary so that the benefit of all such
payments shall be shared by such Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans; provided, that: (i) if any such participations are purchased and all or any
portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest and (ii) the provisions of this paragraph shall not be construed to
apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans to any
assignee or participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). The Borrower 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 the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor
of the Borrower in the amount of such participation. 
 (d)    Unless the Administrative Agent shall have
received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of any Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower
has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to such Lenders the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders severally
agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender 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. 

(e)    If any Lender shall fail to make any payment required to be made by it pursuant to
Section 3.01(b), 3.11(d) or 3.11(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for
the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 

SECTION 3.13.    Mitigation Obligations; Replacement of Lenders. 

(a)    If any Lender requests compensation under Section 3.09, 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 3.11, then such Lender shall use reasonable efforts to file any certificate or document
requested by the Borrower (consistent with legal and regulatory restrictions), to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches
or Affiliates, if, in the judgment of such Lender, such filing, designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.09 or 3.11, as the case may be, in the future and
(ii) would not otherwise be disadvantageous to such Lender. 

  
 34 

 (b)    If (i) any Lender requests compensation
under Section 3.09, (ii) 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 3.11, (iii) any Lender
becomes a Defaulting Lender, or (iv) any Lender refuses to consent to any amendment, waiver or other modification of this Agreement or any other Loan Document requested by the Borrower that requires the consent of a greater percentage of the
Lenders than the Required Lenders and such amendment, waiver or other modification is consented to by the Required Lenders, then, in each case, the Borrower may, 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 Section 10.04), all its interests, rights and obligations under this Agreement (other than its existing rights to payment
pursuant to Sections 3.09 and 3.11) to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided, that: (1) the Borrower shall have
received the prior written consent of the Administrative Agent which consent shall not unreasonably be withheld, delayed or conditioned, (2) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans,
accrued interest thereon, accrued fees and all other amounts payable to it hereunder (including any amounts under Section 3.10), from the assignee (to the extent of such outstanding principal and accrued interest and fees)
or the Borrower (in the case of all other amounts), (3) in the case of any such assignment resulting from a claim for compensation under Section 3.09 or payments required to be made pursuant to
Section 3.11, such Lender has declined or is unable to designate a different lending office in accordance with Section 3.13(a) and such assignment will result in a reduction in such compensation or
payments, and (4) in the case of any such assignment resulting from clause (iv) above, the assignee provides its consent to such requested amendment, waiver, or other modification of this Agreement or such other Loan Document. 

SECTION 3.14.    Defaulting Lenders. Notwithstanding any provision of this
Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 

(a)    facility fees shall cease to accrue on the unfunded portion of the Commitment of such Defaulting
Lender pursuant to Section 3.06(a); and 
 (b)    the Commitment and Revolving
Credit Exposure of such Defaulting Lender shall not be included in determining whether the Required Lenders or any other requisite Lenders have taken or may take any action hereunder or under any other Loan Document (including any consent to any
amendment, waiver or other modification pursuant to Section 10.07); provided, that, any amendment, waiver or other modification requiring the consent of all Lenders or all Lenders affected thereby shall,
except as otherwise provided in Section 10.07, require the consent of such Defaulting Lender in accordance with the terms hereof. 

In the event that the Administrative Agent and the Borrower agree that a Defaulting Lender has adequately remedied all matters that caused the
applicable Lender to be a Defaulting Lender, then on such date such Lender shall purchase at par such of the Loans of the other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in
accordance with its relevant Applicable Percentage, and such Lender shall thereupon cease to be a Defaulting Lender (but shall not be entitled to receive any fees accrued during the period when it was a Defaulting Lender, and all amendments, waivers
or other modifications effected without its consent in accordance with the provisions of Section 10.07 and this Section during such period shall be binding on it). The rights and remedies against, and with respect to, a
Defaulting Lender under this Section are in addition to, and cumulative and not in limitation of, all other rights and remedies that the Administrative Agent, the Lenders, and the Borrower may at any time have against, or with respect to, such
Defaulting Lender. 

  
 35 

 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants to each of the Lenders and the Administrative Agent that: 

SECTION 4.01.    Organization; Powers. The Borrower (a) is duly organized,
validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has all requisite corporate power and authority to own its property and assets and to carry on its business as now conducted and as proposed to be
conducted and (c) is qualified to do business in every jurisdiction where such qualification is required, except where the failure so to qualify would not result in a Material Adverse Effect. The Borrower has the corporate power and authority
to execute and deliver this Agreement and each other Loan Document to which it is a party, to perform its obligations hereunder and thereunder and to borrow hereunder. 

SECTION 4.02.    Authorization; No Conflicts. The Transactions (a) are within
the Borrower’s corporate powers and have been duly authorized by all requisite corporate action and (b) do not (i) violate (A) any provision of any law, statute, rule or regulation (including the Margin Regulations), (B) any provision
of the certificate of incorporation or other constitutive documents or by-laws of the Borrower, or (C) any order of any Governmental Authority, (ii) conflict with, result in a breach of or constitute
(alone or with notice or lapse of time or both) a default under any indenture, agreement or other instrument to which the Borrower or any Subsidiary is a party or by which it or any of its property is or may be bound or (iii) result in the
creation or imposition of any Lien upon any property or assets of the Borrower or any Subsidiary, other than, in the case of clauses (i)(A), (i)(C), (ii) and (iii), any such violations, conflicts, breaches, defaults or
Liens that, individually or in the aggregate, would not be reasonably expected to have a Material Adverse Effect or, in the case of clause (i)(A), result in a violation of law by the Administrative Agent or any Lender. 

SECTION 4.03.    Enforceability. This Agreement has been duly executed and
delivered by the Borrower and constitutes, and each other Loan Document constitutes or, when executed and delivered, will constitute, a legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms (subject, as to
enforceability, to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and to general principles of equity (regardless of whether such enforceability is considered in a
proceeding at law or in equity)). 
 SECTION 4.04.    Governmental Approvals. No
action, consent or approval of, registration or filing with or other action by any Governmental Authority is required in connection with the Transactions except such as have, or on or prior to the Effective Date will have, been obtained or made and
are in full force and effect and except for those the failure to obtain which could not reasonably be expected to have a Material Adverse Effect. 

SECTION 4.05.    Financial Statements; No Material Adverse Effect; Beneficial Ownership
Certification. 
 (a)    The Borrower has heretofore furnished to the Administrative Agent and
the Lenders (i) its consolidated balance sheet and statements of earnings, stockholders’ equity and cash flows as of and for the fiscal year ended December 31, 2019, reported on by PricewaterhouseCoopers LLP, independent registered
public accounting firm, and (ii) its unaudited consolidated balance sheets and statements of earnings, stockholders’ equity and cash flows as of and for the fiscal quarters and the portions of the fiscal year ended March 31, 2020 and
June 30, 2020. 

  
 36 

 
Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Borrower and its consolidated Subsidiaries as of such
dates and for such periods in accordance with GAAP, subject, in the case of such quarterly financial statements, to normal year-end adjustments and the absence of certain footnotes. 

(b)    Since December 31, 2019, there has been no material adverse effect on the business, operations,
properties or financial condition of the Borrower and its Subsidiaries, taken as a whole; provided, that, for purposes of determining the accuracy of the representation and warranty set forth in this
Section 4.05(b) as of the Effective Date, the impacts of the novel coronavirus COVID-19 pandemic on the business, operations or financial condition of the Borrower and its
Subsidiaries, taken as a whole, that occurred prior to the Effective Date and that were disclosed to the Lenders prior to the Effective Date will be disregarded. 

(c)    The information included in any Beneficial Ownership Certification delivered to the Administrative
Agent or any Lender on or prior to the Effective Date, if applicable, is true and correct in all respects. 

SECTION 4.06.    Litigation, Compliance with Laws. 

(a)    There are no actions, proceedings or investigations filed or (to the knowledge of the Borrower)
threatened against the Borrower or any Subsidiary in any court or before any Governmental Authority or arbitration board or tribunal which question the validity or legality of this Agreement, the Transactions or any action taken or to be taken
pursuant to this Agreement and no order or judgment has been issued or entered restraining or enjoining the Borrower from the execution, delivery or performance of this Agreement or any other Loan Document nor is there any other action, proceeding
or investigation filed or (to the knowledge of the Borrower) threatened against the Borrower or any Subsidiary in any court or before any Governmental Authority or arbitration board or tribunal as to which there is a reasonable likelihood of an
adverse determination and that, if adversely determined, would be reasonably likely to result in a Material Adverse Effect. 

(b)    Neither the Borrower nor any Subsidiary is in violation of any law, rule or regulation, or in
default with respect to any judgment, writ, injunction or decree of any Governmental Authority, where such violation or default would be reasonably likely to result in a Material Adverse Effect. 

SECTION 4.07.    Federal Reserve Regulations. No part of the proceeds of any Loan
will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, for any purpose which entails a violation of, or which is inconsistent with, the provisions of the Margin Regulations. 

SECTION 4.08.    Taxes. The Borrower and the Subsidiaries have filed or caused to
be filed all Federal and material state, local and foreign Tax returns which are required to be filed by them, and have paid or caused to be paid all material Taxes required to have been paid by them, other than (a) any Taxes or assessments the
validity of which is being contested in good faith by appropriate proceedings, and with respect to which appropriate accounting reserves have, to the extent required by GAAP, been set aside or (b) where such failure to file or pay could not
reasonably be expected to result in a Material Adverse Effect. 

SECTION 4.09.    Employee Benefit Plans. The present aggregate value of
accumulated benefit obligations of each Plan and each foreign employee pension benefit plan required to be funded (based on those assumptions used for disclosure of such obligations in consolidated financial statements of the Borrower in accordance
with GAAP) did not, as of the most recent statements available, exceed the 

  
 37 

 
aggregate value of the assets for each Plan by an amount in the aggregate for all such Plans that would reasonably be expected to have a Material Adverse Effect. Except as would not individually
or in the aggregate be reasonably expected to have a Material Adverse Effect, (a) no ERISA Termination Event has occurred and (b) each Plan has been established and administered in accordance with its terms and in compliance with the
applicable provisions of ERISA, the Code and other applicable laws, rules and regulations. 

SECTION 4.10.    Environmental and Safety Matters. Other than exceptions to any of
the following that would not in the aggregate have a Material Adverse Effect: (a) the Borrower and the Subsidiaries comply and have complied with all applicable Environmental and Safety Laws; (b) there are and have been no Hazardous
Substances at any property owned, leased or operated by the Borrower or any Subsidiary now or in the past, or at any other location, that could reasonably be expected to result in liability of the Borrower or any Subsidiary under any Environmental
and Safety Law or result in costs to any of them arising out of any Environmental and Safety Law; (c) there are no past, present, or, to the knowledge of the Borrower and the Subsidiaries, anticipated future events, conditions, circumstances,
practices, plans, or legal requirements that could reasonably be expected to prevent the Borrower or any of the Subsidiaries from, or increase the costs to the Borrower or any of the Subsidiaries of, complying with applicable Environmental and
Safety Laws or obtaining or renewing all material permits, approvals, authorizations, licenses or permissions required of any of them pursuant to any such law; and (d) neither the Borrower nor any of the Subsidiaries has retained, assumed or
otherwise become subject to, by contract or operation of law, any liability, fixed or contingent, under any Environmental and Safety Law. 

SECTION 4.11.    Properties. 

(a)    Each of the Borrower and its Subsidiaries has good title to, or valid leasehold interests in, all
its real and personal properties that are material to the business of the Borrower and its Subsidiaries taken as a whole, except where the failure to have such title or interests, as applicable, could not reasonably be expected to result in a
Material Adverse Effect. 
 (b)    Each of the Borrower and its Subsidiaries owns, is licensed to use, or
otherwise has the right to use, all trademarks, tradenames, copyrights, patents and other intellectual properties that are material to the business of the Borrower and its Subsidiaries taken as a whole, and the use thereof by the Borrower and its
Subsidiaries does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

SECTION 4.12.    Investment Company Status. The Borrower is not an
“investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940. 

SECTION 4.13.    Anti-Corruption Laws and Sanctions. The Borrower has implemented
and will maintain in effect policies and procedures reasonably designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, and employees with Anti-Corruption Laws and applicable Sanctions, and the
Borrower, its Subsidiaries and to the knowledge of the Borrower and its Subsidiaries, their respective directors, officers and employees are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of
(a) the Borrower, any Subsidiary or to the knowledge of the Borrower, any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any
capacity in connection with or benefit from the credit facilities established hereby, is a Sanctioned Person. The Transactions will not violate any Anti-Corruption Law or applicable Sanctions. 

  
 38 

 ARTICLE V 

CONDITIONS 

SECTION 5.01.    Effective Date. This Agreement shall become effective upon the
satisfaction of the following conditions: 
 (a)    The Administrative Agent (or its counsel) shall have
received from each party hereto either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include fax or other electronic transmission of a signed
signature page of this Agreement) that such party has signed a counterpart of this Agreement. 

(b)    The Administrative Agent shall have received such documents and certificates as the Administrative
Agent or its counsel may reasonably request relating to the organization, existence and good standing of the Borrower, the authorization of the Transactions and other legal matters relating to the Borrower, the Loan Documents or the Transactions,
all in form and substance reasonably satisfactory to the Administrative Agent. 
 (c)    The
representations and warranties of the Borrower set forth in the Loan Documents shall be true and correct in all material respects on and as of the Effective Date; provided, that, (i) to the extent such representations and
warranties expressly relate to an earlier date, they shall be true and correct in all material respects as of such earlier date, and (ii) to the extent such representations and warranties are qualified by materiality, such representations and
warranties shall be true and correct in all respects. As of the Effective Date and immediately after giving effect to the Transactions to occur on the Effective Date, no Default shall have occurred and be continuing. The Administrative Agent shall
have received a certificate signed by the President, a Vice President or a Financial Officer of the Borrower confirming the foregoing. 

(d)    The Administrative Agent shall have received all fees and other amounts due and payable on or prior
to the Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses (including the reasonable fees and expenses of counsel
to the Administrative Agent) required to be reimbursed or paid by the Borrower hereunder or under any Loan Document. 

(e)    The Administrative Agent (or its counsel) shall have received a favorable written opinion (addressed
to the Administrative Agent and the Lenders and dated the Effective Date) from Faegre Drinker Biddle & Reath LLP, counsel for the Borrower, covering such matters relating to the Borrower and the Loan Documents as the Administrative Agent
shall reasonably request. The Borrower hereby requests such counsel to deliver such opinion. 

(f)    The Administrative Agent and each Lender shall have received, to the extent requested by the
Administrative Agent or such Lender, all documentation and other information that the Administrative Agent or such Lender reasonably requests in order to comply with obligations under applicable “know your customer” and anti-money
laundering rules and regulations, including the USA PATRIOT Act and the Beneficial Ownership Regulation. To the extent the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, the Administrative Agent
and each Lender shall have received, to the extent requested by the Administrative Agent or such Lender, a Beneficial Ownership Certification with respect to the Borrower. 

  
 39 

 (g)    The Administrative Agent shall have received
satisfactory evidence that the commitments under the Existing Credit Agreement have been terminated and cancelled (or will be terminated and cancelled substantially concurrently with the effectiveness of this Agreement) and that all Debt and other
amounts owing under or in connection with the Existing Credit Agreement have been fully repaid (or will be fully repaid substantially concurrently with the effectiveness of this Agreement). 

SECTION 5.02.    Conditions to All Extensions of Credit. The obligation of each
Lender to make a Loan on the occasion of any Borrowing (other than a Borrowing made solely to refinance outstanding Borrowings that does not increase the aggregate principal amount of the Loans of any Lender outstanding) is subject to the
satisfaction of the following conditions: 
 (a)    The Administrative Agent shall have received a
Borrowing Request in accordance with Section 2.03. 
 (b)    The
representations and warranties of the Borrower set forth in the Loan Documents (other than, after the Effective Date, the representations and warranties set forth in Sections 4.05(b) and 4.06(a)) shall be true and correct in all
material respects on and as of the date of any such Borrowing; provided, that, (i) to the extent such representations and warranties expressly relate to an earlier date, they shall be true and correct in all material respects as
of such earlier date and (ii) to the extent such representations and warranties are qualified by materiality, such representations and warranties shall be true and correct in all respects. 

(c)    At the time of and immediately after giving effect to such Borrowing, no Default shall have occurred
and be continuing. 
 Each Borrowing (other than a Borrowing made solely to refinance outstanding Borrowings that does not increase the aggregate principal
amount of the Loans of any Lender outstanding) shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in Sections 5.02(b) and (c). 

ARTICLE VI 
 AFFIRMATIVE
COVENANTS 
 The Borrower covenants and agrees with each Lender and the Administrative Agent that so long as this Agreement shall remain
in effect or the principal of or interest on any Loan, any fees or any other amounts payable hereunder shall be unpaid, unless the Required Lenders shall otherwise consent in writing, it will, and will cause each of the Subsidiaries to, on and after
the Effective Date: 
 SECTION 6.01.    Existence. Do or cause to be done all
things necessary to preserve and keep in full force and effect its corporate, partnership and/or limited liability company existence and its rights and franchises that are material to the business of the Borrower and its Subsidiaries taken as a
whole, except as expressly permitted under Section 7.01 and except, in the case of any Subsidiary, where the failure to do so would not result in a Material Adverse Effect. 

SECTION 6.02.    Compliance with Law; Business and Properties. Comply in all
respects with all applicable laws, rules, regulations and orders of any Governmental Authority (including Environmental and Safety Laws and ERISA), whether now in effect or hereafter enacted, except instances that could not, in the aggregate,
reasonably be expected to result in a Material Adverse Effect; and at all times maintain and preserve all property material to the conduct of the business of the Borrower and its 

  
 40 

 
Subsidiaries taken as a whole and keep such property in good repair, working order and condition and from time to time make, or cause to be made, all needful and proper repairs, renewals,
additions, improvements and replacements thereto necessary in order that the business carried on in connection therewith may be properly conducted at all times, except where the failure to do so would not result in a Material Adverse Effect. 

SECTION 6.03.    Financial Statements, Reports, Etc. In the case of the Borrower,
furnish to the Administrative Agent for distribution to each Lender: 
 (a)    within 105 days after the
end of each fiscal year of the Borrower, its annual report on Form 10-K as filed with the SEC, including its consolidated balance sheet and the related consolidated statements of earnings and cash flows
showing its consolidated financial position as of the end of such fiscal year and the consolidated results of its operations and cash flows for such year, all audited by PricewaterhouseCoopers LLP or other independent registered public accounting
firm of recognized national standing selected by the Borrower and accompanied by an opinion of such accounting firm to the effect that such consolidated financial statements present fairly in all material respects the Borrower’s financial
position and results of operations and cash flows on a consolidated basis in accordance with GAAP; 

(b)    within 60 days after the end of each of the first three fiscal quarters of each fiscal year of the
Borrower, its quarterly report on Form 10-Q as filed with the SEC, including its unaudited consolidated balance sheet and related consolidated statements of earnings and cash flows, showing its consolidated
financial position as of the end of such fiscal quarter and the consolidated results of its operations and cash flows for such fiscal quarter and the then elapsed portion of the fiscal year (and each delivery of such statements shall be deemed a
representation that such statements present fairly in all material respects the Borrower’s financial position and results of operations and cash flows on a consolidated basis in accordance with GAAP, subject to normal year-end audit adjustments and the absence of footnotes); 

(c)    concurrently with any delivery of financial statements under Sections 6.03(a) or (b),
a certificate of a Financial Officer of the Borrower (i) certifying that no Event of Default or Default has occurred or, if an Event of Default or Default has occurred, specifying the nature and extent thereof and any corrective action taken or
proposed to be taken with respect thereto and (ii) demonstrating in reasonable detail calculation of the covenant set forth in Section 7.04 as of the last day of the period covered by such financial statements; 

(d)    promptly after the same become publicly available, copies of all reports on Form 8-K filed by it with the SEC, or any Governmental Authority succeeding to any of or all the functions of the SEC, and copies of all reports distributed to its shareholders; and 

(e)    promptly, upon request, (i) all documentation and other information that a Lender reasonably
requests through the Administrative Agent in order to comply with obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act and the Beneficial Ownership Regulation, and
(ii) such other information regarding the Borrower and its Subsidiaries, or the compliance by the Borrower with the terms of the Loan Documents, as any Lender shall reasonably request through the Administrative Agent (it being understood that,
in the case of this clause (ii), the Borrower shall not be required to provide any information or documents which are subject to confidentiality provisions the nature of which prohibit such disclosure). 

  
 41 

 Information required to be delivered pursuant to this Section (other than Sections 6.03(c) or
6.03(e)(i)) shall be deemed to have been delivered on the date on which the Borrower provides notice (reasonably identifying where the applicable disclosure may be obtained) to the Administrative Agent that such information has been posted on
the Borrower’s website on the internet at www.zimmerbiomet.com, or on the SEC’s website on the internet at www.sec.gov or at another website identified in such notice and accessible by the Lenders without charge. 

The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers may, but shall not be obligated to, make available to the Lenders
materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks, Syndtrak, ClearPar, or a substantially similar electronic
transmission 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 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 Borrower Materials that are to be made available to Public Lenders
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 Arrangers, and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to the Borrower
or its securities for purposes of United States Federal and state securities laws (provided, that, to the extent such Borrower Materials constitute Confidential Information, they shall be treated as set forth in
Section 10.15); (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 Arrangers 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 6.04.    Insurance. Keep its insurable properties adequately insured at
all times by financially sound and reputable insurers (which may include captive insurers), and maintain such other insurance or self insurance (including product liability insurance), to such extent and against such risks, including fire and other
risks insured against by extended coverage, as are customary with companies similarly situated and in the same or similar businesses. 

SECTION 6.05.    Obligations and Taxes. Pay and discharge promptly when due all
material Taxes, assessments and governmental charges imposed upon it or upon its income or profits or in respect of its property, in each case before the same shall become delinquent or in default and before penalties accrue thereon, unless and to
the extent that the same are being contested in good faith by appropriate proceedings and adequate reserves with respect thereto shall, to the extent required by GAAP, have been set aside. 

SECTION 6.06.    Litigation and Other Notices. In the case of the Borrower, give
the Administrative Agent written notice of the following within 10 Business Days after any executive officer of the Borrower obtains knowledge thereof: 

(a)    the filing or commencement of any action, suit or proceeding which the Borrower reasonably expects
to result in a Material Adverse Effect; 
 (b)    any Event of Default or Default, specifying the nature
and extent thereof and the action (if any) which is proposed to be taken with respect thereto; and 

  
 42 

 (c)    any change in any of the Ratings. 

provided, that, in the case of Sections 6.06(a) and 6.06(c), the Borrower shall not be required to provide separate notice of any
event disclosed in any report promptly filed with the SEC if the Borrower has provided notice to the Administrative Agent in accordance with the penultimate paragraph of Section 6.03 to the effect that such information has
been posted and reasonably identifying where the applicable disclosure may be obtained. 
 SECTION
6.07.    Books and Records; Inspection Rights. (a) Keep proper books of record and account in which full, true and correct entries are made of all material dealings and transactions in relation to its
business and activities and (b) permit any representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to
discuss its affairs, finances and condition with its officers and (in the presence of officers of the Borrower, whether by phone or in person) its independent accountants (in each case subject to the Borrower’s obligations under applicable
confidentiality provisions), all at such reasonable times and as often as reasonably requested, all at the expense of the applicable Lenders; provided, that, during the continuation of any Default (x) any expense of the Lenders in
connection with the foregoing shall be for the account of the Borrower and (y) Lenders shall be permitted to discuss the affairs, finances and condition of the Borrower and its Subsidiaries without officers of the Borrower being present. 

SECTION 6.08.    Use of Proceeds. Use the proceeds of the Loans only (a) to refinance Debt under
the Existing Credit Agreement and (b) for general corporate purposes; and not use any part of the proceeds of any Loan, directly or indirectly, for any purpose that entails a violation of any of the regulations of the Federal Reserve Board,
including the Margin Regulations. The Borrower shall not request any Borrowing or use the proceeds of any Borrowing and the Borrower shall procure that its Subsidiaries and its and their respective directors, officers, employees and agents shall not
use the proceeds of any Borrowing, (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the
purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, businesses or transaction would be prohibited by Sanctions if
conducted by a corporation incorporated in the United States, or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

ARTICLE VII 
 NEGATIVE
COVENANTS 
 The Borrower covenants and agrees with each Lender and the Administrative Agent that so long as this Agreement shall remain
in effect or the principal of or interest on any Loan, any fees or any other amounts payable hereunder shall be unpaid, unless the Required Lenders shall otherwise consent in writing, it will not, and will not permit any of the Subsidiaries to, on
and after the Effective Date: 
 SECTION 7.01.    Consolidations, Mergers, and Sales of Assets.
(a) In the case of the Borrower, consolidate or merge with or into any other Person or liquidate, wind up or dissolve (or suffer any liquidation or dissolution) or (b) sell or otherwise transfer (in one transaction or a series of
transactions), or permit any Subsidiary to sell or otherwise transfer (in one transaction or a series of transactions), all or substantially all of the assets of the Borrower and the Subsidiaries, taken as a whole, to any other Person (other than
the Borrower or any Subsidiary); provided, that, (i) the Borrower may merge or consolidate with another Person if the Borrower is the corporation surviving such merger or consolidation, and (ii) immediately after giving
effect to any such merger or consolidation, no Default or Event of Default shall have occurred and be continuing. 

  
 43 

 SECTION 7.02.    Liens. Create, assume or suffer to
exist any Lien upon any property, except that the foregoing shall not prevent the Borrower or any Subsidiary from creating, assuming or suffering to exist any of the following Liens: 

(a)    Liens existing on the Effective Date and set forth on Schedule 7.02; 

(b)    any Lien existing on property owned or leased by any Person at the time it becomes a Subsidiary;
provided, that, such Lien was not created in anticipation of such Person becoming a Subsidiary; 

(c)    any Lien existing on property at the time of the acquisition thereof by the Borrower or any
Subsidiary; provided, that, such Lien was not created in anticipation of such acquisition; 

(d)    Liens on property acquired, constructed or improved by the Borrower or any Subsidiary;
provided, that, the Debt secured thereby does not exceed 80% of the cost of acquiring, constructing or improving such property and such Liens do not apply to any other property of the Borrower or any Subsidiary; 

(e)    Liens on receivables and the proceeds thereof securing any Permitted Receivables Securitization;

 (f)    any Liens securing Debt of a Subsidiary owing to the Borrower or to another Subsidiary; 

(g)    Liens for taxes, assessments or governmental charges or levies not yet due or that are being
contested in good faith by appropriate proceedings; provided, that, adequate reserves with respect thereto are maintained on the books of the Borrower or its Subsidiaries, as the case may be, in conformity with GAAP; 

(h)    carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other
like Liens arising in the ordinary course of business that are not more than 60 days delinquent in accordance with their terms or that are being contested in good faith by appropriate proceedings; 

(i)    pledges or deposits in connection with workers’ compensation, unemployment insurance and other
social security legislation and deposits securing liability to insurance carriers under insurance or self-insurance arrangements; 

(j)    deposits to secure the performance of bids, trade contracts (other than for borrowed money), leases,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

(k)    easements,
rights-of-way, restrictions, licenses, reservations, utility easements and other similar encumbrances imposed by law or incurred in the ordinary course of business that
do not materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the Borrower and its Subsidiaries, considered as a whole; 

(l)    any interest or title of a lessor under any lease entered into by the Borrower or any Subsidiary in
the ordinary course of its business and covering only the assets so leased; 

  
 44 

 (m)    attachment or judgment Liens in respect of
judgments or decrees that have been vacated, discharged or stayed within 30 days from the entry thereof; and attachment or judgment Liens in respect of judgments or decrees that have been bonded pending appeal within 30 days from the entry thereof
and which do not exceed $200,000,000 in the aggregate; 
 (n)    Liens arising from precautionary U.C.C.
financing statement filings with respect to operating leases or consignment arrangements entered into by the Borrower or any Subsidiary in the ordinary course of business; 

(o)    customary Liens in favor of a banking institution arising by operation of law encumbering deposits
(including the right of set-off) held by such banking institutions incurred in the ordinary course of business and that are within the general parameters customary in the banking industry; 

(p)    any extension, renewal or replacement (or successive extensions, renewals or replacements) in whole
or in part of any Lien referred to in Section 7.02(a) through 7.02(d), so long as the principal amount of the Debt or other obligations secured thereby does not exceed the principal amount of Debt or obligations so
secured at the time of such extension, renewal or replacement (except that, where an additional principal amount of Debt is incurred to provide funds for the completion of a specific project, the additional principal amount, and any related
financing costs, may be secured by the Lien as well) and such Lien is limited to the same property subject to the Lien so extended, renewed or replaced (and improvements on such property); and 

(q)    any Lien not permitted by Sections 7.02(a) through 7.02(p) securing Debt which,
together with the aggregate outstanding principal amount of all other Debt of the Borrower and its Subsidiaries that is secured by Liens in reliance on this Section 7.02(q) and the aggregate Value of their existing Sale and
Leaseback Transactions which would be subject to the restrictions of Section 7.03 but for this Section 7.02(q), does not at any time exceed 12.5% of Consolidated Net Tangible Assets. 

SECTION 7.03.    Limitation on Sale and Leaseback Transactions. Enter into any Sale and Leaseback
Transaction, unless the Borrower or such Subsidiary would be entitled to incur Debt, in a principal amount equal to the Value of such Sale and Leaseback Transaction, which is secured by Liens on the property to be leased without violating
Section 7.02. 
 SECTION 7.04.    Financial Condition Covenant. Permit
the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower (each such period, a “Test Period”) to exceed (a) 5.75 to 1.00, for any Test Period ending during the period from
the Effective Date to and including December 31, 2020, (b) 5.00 to 1.00, for the Test Period ending March 31, 2021, and (c) 4.50 to 1.00, for any Test Period ending after April 1, 2021; provided, that, on or after
July 1, 2021, upon the consummation of a Qualified Material Acquisition (to the extent such Qualified Material Acquisition is consummated on or after July 1, 2021), if the Borrower shall so elect by a written notice delivered to the
Administrative Agent within 30 days following such consummation, the maximum permitted ratio set forth in clause (c) above shall be increased to 5.00 to 1.00 at the end of and for the fiscal quarter in which such Qualified Material
Acquisition is consummated and the subsequent three consecutive fiscal quarters (the “Leverage Increase Period”); provided, further, that, following any such election by the Borrower, no subsequent election may
be made by the Borrower unless the Consolidated Leverage Ratio has been at or below 4.50 to 1.00 as of the last day of at least two consecutive Test Periods ended after the expiration of the Leverage Increase Period with respect to such prior
election. 

  
 45 

 SECTION 7.05.    Subsidiary Indebtedness. Permit
Subsidiaries of the Borrower to create, issue, incur, assume, become liable in respect of or suffer to exist any Debt (other than Permitted Debt and Debt created under this Agreement and the other Loan Documents) in an aggregate principal amount
exceeding $250,000,000 outstanding at any time. 
 ARTICLE VIII 

EVENTS OF DEFAULT 
 In
case of the happening of any of the following events (each an “Event of Default”): 

(a)    any representation or warranty made or deemed made by the Borrower in or in connection with the
execution and delivery of this Agreement or any other Loan Document or the Borrowings or other extensions of credit hereunder shall prove to have been false or misleading in any material respect when so made or deemed made; 

(b)    default shall be made in the payment of any principal of any Loan when and as the same shall become
due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise; 

(c)    default shall be made in the payment of any interest on any Loan or any fee or any other amount
(other than an amount referred to in clause (b) above) due from the Borrower hereunder, when and as the same shall become due and payable, and such default shall continue unremedied for a period of five Business Days; 

(d)    default shall be made in the due observance or performance of any covenant or agreement contained in
Section 6.01 (in the case of the preservation of existence the Borrower), Section 6.06(b), Section 6.08, or Article VII; 

(e)    default shall be made in the due observance or performance of any covenant or agreement of the
Borrower contained herein (other than those specified in clauses (b), (c) or (d) above) or in any other Loan Document and such default shall continue unremedied for a period of 30 days after notice thereof from the
Administrative Agent or any Lender to the Borrower; 
 (f)    the Borrower or any Subsidiary shall
(i) fail to pay any principal or interest, regardless of amount, due in respect of one or more items of Debt in an aggregate principal amount greater than or equal to $150,000,000, when and as the same shall become due and payable (giving
effect to any applicable grace period) or (ii) fail to observe or perform any other term, covenant, condition or agreement contained in any agreement or instrument evidencing or governing any such Debt if the effect of any failure referred to
in this clause (ii) is to cause such Debt to become due prior to its stated maturity; 

(g)    an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of
competent jurisdiction seeking (i) relief in respect of the Borrower or any Subsidiary, or of a substantial part of the property or assets of the Borrower or any Subsidiary, under Title 11 of the United States Code, as now constituted or
hereafter amended, or any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any
Subsidiary or for a substantial part of the property or assets of the Borrower or any Subsidiary or (iii) the winding up or liquidation of the Borrower or any Subsidiary; and such proceeding or petition shall continue undismissed for 60 days or
an order or decree approving or ordering any of the foregoing shall be entered; 

  
 46 

 (h)    the Borrower or any Subsidiary shall
(i) voluntarily commence any proceeding or file any petition seeking relief under Title 11 of the United States Code, as now constituted or hereafter amended, or any other Federal, state or foreign bankruptcy, insolvency, receivership or
similar law, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or the filing of any petition described in clause (g) above, (iii) apply for or consent to the appointment of a
receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Subsidiary or for a substantial part of the property or assets of the Borrower or any Subsidiary, (iv) file an answer admitting the material
allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors, (vi) become unable, admit in writing its inability or fail generally to pay its debts as they become due or
(vii) take any action for the purpose of effecting any of the foregoing; 
 (i)    one or more
judgments or decrees for the payment of money in an aggregate amount equal to or greater than $200,000,000 (exclusive of any amount thereof reasonably expected to be covered by insurance) shall be rendered against the Borrower, any Subsidiary or any
combination thereof and the same shall not have been vacated, discharged or stayed for a period of 60 consecutive days, or any action shall be legally taken by a judgment creditor (whose liquidated judgment, along with those of any other judgment
creditors, exceeds $200,000,000) to levy upon assets or properties of the Borrower or any Subsidiary to enforce any such judgment; 

(j)    (i) a Plan of the Borrower or an ERISA Affiliate shall fail to maintain the minimum funding standard
required by Section 412 of the Code or Section 302 of ERISA for any plan year or a waiver of such standard is sought or granted under Section 412(c) of the Code or Section 302(c) of ERISA, (ii) an ERISA Termination Event
shall have occurred with respect to the Borrower or an ERISA Affiliate has incurred, or in the reasonable opinion of the Required Lenders is reasonably likely to incur, a liability to or on account of a Plan under Section 4062, 4063, 4064, 4201
or 4204 of ERISA, (iii) any Person shall engage in any prohibited transaction described in Sections 406 of ERISA or 4975 of the Code for which a statutory or class exemption is not available or a private exemption has not been previously
obtained from the United States Department of Labor, (iv) the Borrower or any ERISA Affiliate shall fail to pay any required installment or any other payment required to be paid by such entity under Section 412 of the Code or
Section 302 of ERISA on or before the due date for such installment or other payment (taking into account any extensions granted) or (v) the Borrower or any ERISA Affiliate shall fail to make any contribution or payment to any
Multiemployer Plan which the Borrower or any ERISA Affiliate is required to make under any agreement relating to such Multiemployer Plan or any law pertaining thereto (taking into account any extensions granted), and, in the event of the occurrence
of any of the events described in clauses (i) through (v) above, there shall result from any such event or events either a liability or a material risk of incurring a liability which is reasonably expected to have a Material
Adverse Effect; or 
 (k)    a Change in Control shall occur; 

then, and in every such event (other than an event with respect to the Borrower described in clause (g) or (h) above), and at any
time thereafter during the continuance of such event, the Administrative Agent, at the request of the Required Lenders, shall, by notice to the Borrower, take either or both of the following actions, at the same or different times:
(i) terminate forthwith the Aggregate Commitments and (ii) declare the Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans so declared to be due and payable, together with
accrued interest thereon and any unpaid accrued 

  
 47 

 
fees and all other liabilities of the Borrower accrued hereunder, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are
hereby expressly waived anything contained herein to the contrary notwithstanding; and, if any event with respect to the Borrower described in clause (g) or (h) above shall have occurred and be continuing, the Aggregate
Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and any unpaid accrued fees and all other liabilities of the Borrower accrued hereunder, shall automatically become due
and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein to the contrary notwithstanding. 

ARTICLE IX 
 THE
ADMINISTRATIVE AGENT 
 In order to expedite the transactions contemplated by this Agreement, Bank of America is hereby appointed to act
as Administrative Agent on behalf of the Lenders. Each of the Lenders hereby irrevocably authorizes the Administrative Agent to take such actions on behalf of such Lender and to exercise such powers as are specifically delegated to the
Administrative Agent by the terms and provisions hereof and the other Loan Documents, together with such actions and powers as are reasonably incidental thereto. The Administrative Agent is hereby expressly authorized by the other parties hereto,
without hereby limiting any implied authority, (a) to receive on behalf of the Lenders all payments of principal of and interest on the Loans and all other amounts due to the Lenders hereunder, and promptly to distribute to each Lender its
proper share of each payment so received; (b) to give notice on behalf of each of the Lenders to the Borrower of any Event of Default of which the Administrative Agent has actual knowledge acquired in connection with its agency hereunder; and
(c) to distribute to each Lender copies of all notices, financial statements and other materials delivered by the Borrower pursuant to this Agreement or any other Loan Document as received by the Administrative Agent. Notwithstanding anything
herein to the contrary, none of the Arrangers or syndication agents listed on the cover page hereof shall have any duties or obligations under this Agreement or any of the other Loan Documents, except in its capacity as the Administrative Agent or a
Lender under this Agreement, but all such Persons shall have the benefit of the indemnities provided for hereunder. Neither the Administrative Agent nor any Arranger, as applicable, nor any of their respective directors, officers, employees or
agents shall have any duty or responsibility to disclose, and shall not be liable for the failure to disclose, to any Lender any credit or other information concerning the business, prospects, operations, property, financial and other condition or
creditworthiness of the Borrower or any of its Affiliates that is communicated to, or in the possession of, the Administrative Agent, any Arranger, or any of their respective directors, officers, employees or agents in any capacity, except for
notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent herein. 
 Neither the
Administrative Agent nor any of its directors, officers, employees or agents shall be liable as such for any action taken or omitted by any of them except for its or his or her own gross negligence or willful misconduct, or be responsible for any
statement, warranty or representation herein or the contents of any document delivered in connection herewith, or be required to ascertain or to make any inquiry concerning the performance or observance by the Borrower of any of the terms,
conditions, covenants or agreements contained in this Agreement. The Administrative Agent shall not be responsible to the Lenders for the due execution, genuineness, validity, enforceability or effectiveness of this Agreement or other instruments or
agreements. The Administrative Agent may deem and treat the Lender which makes any Loan as the holder of the indebtedness resulting therefrom for all purposes hereof until it shall have received notice from such Lender, given as provided herein, of
the transfer thereof. The Administrative Agent shall in all cases be fully protected in acting, or refraining from acting, in accordance with written instructions signed by the Required Lenders and, except as otherwise specifically provided herein,
such instructions and 

  
 48 

 
any action or inaction pursuant thereto shall be binding on all the Lenders. The Administrative Agent shall, in the absence of knowledge to the contrary, be entitled to rely on any instrument or
document believed by it in good faith to be genuine and correct and to have been signed or sent by the proper Person or Persons (including telephonic and written Borrowing Requests). Neither the Administrative Agent nor any of its respective
directors, officers, employees or agents shall have any responsibility to the Borrower on account of the failure of or delay in performance or breach by any Lender of any of its obligations hereunder or to any Lender on account of the failure of or
delay in performance or breach by any other Lender or the Borrower of any of their respective obligations hereunder or in connection herewith. The Administrative Agent may execute any and all duties hereunder by or through their respective branches,
Affiliates, agents or employees and shall be entitled to rely upon the advice of legal counsel selected by them with due care with respect to all matters arising hereunder and shall not be liable for any action taken or suffered in good faith by
them in accordance with the advice of such counsel. Without limiting the foregoing, the Administrative Agent may, by notice to the Borrower, designate any of its branches or Affiliates as the Person to receive any or all notices (including Borrowing
Requests and Interest Election Requests) to be delivered to the Administrative Agent pursuant to this Agreement. 
 The Lenders hereby
acknowledge that the Administrative Agent shall be under no duty to take any discretionary action permitted to be taken by it pursuant to the provisions of this Agreement unless it shall be requested in writing to do so by the Required Lenders. 

Subject to the appointment and acceptance of a successor Administrative Agent as provided below, the Administrative Agent may resign at any
time by notifying the Lenders and the Borrower. Upon any such resignation of the Administrative Agent, the Required Lenders shall have the right to appoint a successor Administrative Agent acceptable to the Borrower. If no 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, appoint a
successor Administrative Agent which shall be a bank having a combined capital and surplus of at least $500,000,000 (or any Affiliate of such bank) with an office in New York, New York. Upon the acceptance of any appointment as Administrative Agent
hereunder by a successor bank, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent and the retiring Administrative Agent shall be discharged from its duties and
obligations hereunder. The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed by the Borrower and such successor. After the Administrative Agent’s
resignation hereunder, the provisions of this Article IX and Section 10.05 shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Administrative
Agent. 
 With respect to the Loans made by it hereunder, the Administrative Agent in its individual capacity and not as Administrative
Agent shall have the same rights and powers as any other Lender and may exercise the same as though it were not the Administrative Agent, and the Administrative Agent and its Affiliates may accept deposits from, lend money to and generally engage in
any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent. 
 Each
Lender expressly acknowledges that none of the Administrative Agent nor any Arranger has made any representation or warranty to it, and that no act by the Administrative Agent or any Arranger hereafter taken, including any consent to, and acceptance
of any assignment or review of the affairs of the Borrower or any Affiliate thereof, shall be deemed to constitute any representation or warranty by the Administrative Agent or any Arranger to any Lender as to any matter, including whether the
Administrative Agent or any Arranger has disclosed material information in their (or their respective directors, officers, employees or agents) possession. Each Lender represents to the Administrative Agent and the Arranger that it has,
independently and without reliance upon the Administrative Agent, any Arranger, any other 

  
 49 

 
Lender or any of their respective directors, officers, employees or agents and based on such documents and information as it has deemed appropriate, made its own credit analysis of, appraisal of,
and investigation into, the business, prospects, operations, property, financial and other condition and creditworthiness of the Borrower and its Subsidiaries, and all applicable bank or other regulatory laws relating to the transactions
contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to the Borrower hereunder. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent, any Arranger,
any other Lender or any of their respective directors, officers, employees or agents and based on such documents and information as it shall from time to time deem appropriate, continue to make its own credit analysis, appraisals and 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, and to make such investigations as it deems necessary to inform itself as to the
business, prospects, operations, property, financial and other condition and creditworthiness of the Borrower. Each Lender represents and warrants that, as of the date it becomes a Lender, (i) it is such Lender’s intention that the Loan
Documents set forth the terms of a commercial lending facility and (ii) it is engaged in making, acquiring or holding commercial loans in the ordinary course and is entering into this Agreement as a Lender for the purpose of making, acquiring
or holding commercial loans and providing other facilities set forth herein as may be applicable to such Lender, and not for the purpose of purchasing, acquiring or holding any other type of financial instrument, and each Lender agrees not to assert
a claim in contravention of the foregoing. Each Lender represents and warrants that it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans and to provide other facilities set forth herein, as may be applicable to
such Lender, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans or to provide such other facilities, is experienced in making, acquiring or holding such commercial loans or
providing such other facilities. 
 It is agreed that the Arrangers shall, in their capacities as such, have no duties or responsibilities
under this Agreement or any other Loan Document. No Arranger shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not relied, and will not rely, on the Arrangers in deciding to enter into
this Agreement or any other Loan Document or in taking or not taking any action hereunder or thereunder. 
 Each Lender (x) represents
and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the
Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower, that at least one of the following is and will be true: 

(a)    such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA
or otherwise) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments or this Agreement, 

(b)    the transaction exemption set forth in one or more PTEs, such as PTE
84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions
involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a
class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house
asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, 

  
 50 

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

(d)    such other representation, warranty and covenant as may be agreed in writing between the
Administrative Agent, in its sole discretion, and such Lender. 
 In addition, unless either (1) clause (a) above is true with
respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with clause (d) above, such Lender further (x) represents and warrants, as of the date such Person became a Lender
party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for
the benefit of the Borrower, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments
and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto). 

ARTICLE X 

MISCELLANEOUS 
 SECTION
10.01.    Notices. 
 (a)    General. Notices and other
communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed or sent by telecopy or electronic mail, as follows: 

(i)    if to the Borrower, to Zimmer Biomet Holdings, Inc., 345 East Main Street, Warsaw, IN 46580,
Attention of Suketu Upadhyay, Executive Vice President and Chief Financial Officer (Fax No.: 574-372-3930; email: Suketu.Upadhyay@zimmerbiomet.com); 

(ii)    (A) if to the Administrative Agent for payments, Borrowing Requests and Interest Election Requests,
to Bank of America, N.A., One Independence Center, 101 North Tyron Street, Mail Code NC1-001-05-46, Charlotte, NC 28255-0001,
Attn: Patricia Santos, Phone: 980-387-3794, Email: patricia.santos@baml.com, Fax:
704-625-4200; and (B) if to the Administrative Agent for any other notices, to Bank of America, N.A., Agency Management, 900 W Trade Street, Mail Code: NC1-026-06-03, Charlotte, NC 28255-0001, Attn: Erik Truette, Phone
980-387-5451, Fax: 704-409-0015, Email: erik.m.truette@baml.com; and 

(iii)    if to a Lender, to it at its address (or fax number or email) set forth in its Administrative
Questionnaire. 

  
 51 

 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 delivered by hand or overnight courier service or sent by telecopy to such party as provided in this Section or in accordance with the latest
unrevoked direction from such party given in accordance with this Section; provided, that, any notice or other communication received by the recipient (A) on or before 5:00 p.m., New York City time, shall be deemed to have been
given on the date of receipt or (B) after 5:00 p.m., New York City time, shall be deemed to have been given on the Business Day following the date of receipt. 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 hereunder may be
delivered or furnished by electronic communication (including e-mail and Internet and intranet websites) pursuant to procedures approved by the Administrative Agent; provided, that, the foregoing
shall not apply to notices under Article II to any Lender if such Lender 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 or may be rescinded by any such Person by notice to each other such Person; provided, further, that, any notice or other communication received by the recipient (i) on or before 5:00 p.m., New York
City time, shall be deemed to have been given on the date of receipt or (ii) after 5:00 p.m., New York City time, shall be deemed to have been given on the Business Day following the date of receipt. 

Unless the Administrative Agent otherwise prescribes, (A) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgment) and (B) notices and other 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, 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 or notices through
the Platform, any other electronic platform or electronic messaging service, or through the Internet. 

  
 52 

 (d)    Change of Address, Etc. Each of the
Borrower and the Administrative Agent may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, facsimile or telephone number
for notices and other communications hereunder by notice to the Borrower and the Administrative Agent. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record
(i) an effective address, contact name, telephone number, facsimile 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. 
 (e)    Reliance by Administrative Agent and Lenders. The
Administrative Agent and the Lenders shall be entitled to rely and act upon any notices (including telephonic notices and Borrowing Requests) 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, 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. All telephonic
notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

SECTION 10.02.    Survival of Agreement. All covenants, agreements, representations and warranties
made by the Borrower herein and in any other Loan Document 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 Administrative Agent and the Lenders and shall survive the execution and delivery of the Loan documents and the making by the Lenders of the Loans regardless of any investigation made by or on behalf of the Administrative Agent, the Lenders or
any Related Party of any of the foregoing, and regardless of whether any such Person may have had notice or knowledge of any Default or incorrect representation or warranty at the time any Loan Document is executed and delivered or any credit is
extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or the Aggregate Commitments have
not expired or terminated. The provisions of Sections 3.09, 3.10, 3.11, and 10.05 and Article IX shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated
hereby, the repayment of the Loans, the expiration or termination of the Aggregate Commitments or the termination of this Agreement or any provision hereof. 

SECTION 10.03.    Binding Effect. This Agreement shall become effective when it shall have been
executed by the Borrower and the Administrative Agent and when the Administrative Agent shall have received copies hereof (by electronic “pdf” or otherwise) which, when taken together, bear the signatures of each Lender, and thereafter
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 

  
 53 

 SECTION 10.04.    Successors and Assigns. 

(a)    Whenever in this Agreement any of the parties is referred to, such reference shall be deemed to
include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any party that are contained in this Agreement shall bind and inure to the benefit of its successors and assigns. 

(b)    Each Lender may assign to one or more Eligible Assignees all or a portion of its interests, rights
and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided, that, (i) except in the case of an assignment of a Commitment or a Loan to another Lender, an
Affiliate of a Lender or an Approved Fund, (A) each of the Borrower (so long as no Event of Default shall have occurred and be continuing) and the Administrative Agent must give its prior written consent to such assignment (which consent in
each case shall not be unreasonably withheld, delayed or conditioned) and (B) the amount of the Commitment or 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) shall not be less than $5,000,000 unless it shall be the entire amount of such Lender’s Commitment or Loans, as applicable; provided, further, 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 10 Business Days after having received notice thereof. The parties to each assignment shall execute and
deliver to the Administrative Agent an Assignment and Assumption, and, unless otherwise waived by the Administrative Agent in its sole discretion, a processing and recordation fee of $3,500. Upon acceptance and recording pursuant to
Section 10.04(e), from and after the effective date specified in each Assignment and Assumption, (x) the assignee thereunder shall be a party hereto 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 (y) 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 or the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto (but shall (i) continue to
be entitled to the benefits of Sections 3.09, 3.10, 3.11 and 10.05, as well as to any fees accrued for its account hereunder and not yet paid and (ii) continue to be subject to the confidentiality provisions
hereof)). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this clause 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 10.04(f). 
 (c)    [Reserved].

 (d)    The Administrative Agent, acting solely for this purpose as a
non-fiduciary agent of the Borrower, 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 the principal amount (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall
be conclusive in the absence of manifest error and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this
Agreement, notwithstanding notice to the contrary. No assignment or transfer of any Loan or Commitment (or portion thereof) shall be effective unless and until it has been recorded in the Register as provided in this
Section 10.04(d). The Register shall be available for inspection by each party hereto as to its own interests hereunder, at any reasonable time and from time to time upon reasonable prior notice. 

  
 54 

 (e)    Upon its receipt of a duly completed Assignment
and Assumption executed by an assigning Lender and an assignee together with an Administrative Questionnaire completed in respect of the assignee (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred
to in Section 10.04(b), if applicable, and, if required, the written consent of the Borrower to such assignment, the Administrative Agent shall (i) accept such Assignment and Assumption and (ii) record the
information contained therein in the Register. 
 (f)    Each Lender may sell participations to one or
more Eligible Assignees (each, a “Participant”) in all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided, that,
(i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, (iii) each Participant shall be
entitled to the benefit of the cost protection provisions contained in Sections 3.09, 3.10 and 3.11 to the same extent as if it were as assignee under Section 10.04(b) (subject to the requirements
therein, including the requirements under Sections 3.11(h) and 3.11(i) (it being understood that the documentation required under such Sections shall be delivered to the participating Lender)); provided, that, such
Participant agrees to the provisions of Section 3.13 as if it were an assignee under Section 10.04(b) and shall not be entitled to receive any greater payment than the amount that could have been
claimed by the participating Lender had it continued to hold the interest of such Participant, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after such Participant acquired the applicable
participation, and it being further agreed that the participating Lender will not be permitted to make claims against the Borrower under Section 3.09(b) for costs or reductions resulting from the sale of a participation,
except that all claims made pursuant to such Sections shall be made through such participating Lender, (iv) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such participating Lender
in connection with such Lender’s rights and obligations under this Agreement, and (v) such participating Lender shall retain the sole right to enforce the obligations of the Borrower relating to the Loans and to approve any amendment,
modification or waiver of any provision of this Agreement or any other Loan Document; provided, that, in the case of any amendments, modifications or waivers described in the first proviso to Section 10.07(b),
the agreement or instrument pursuant to which such participating Lender sells such a participation may provide that such Lender will not, without the consent of the applicable Participant, agree to any such amendment, modification or waiver that
affects such Participant or requires the approval of all the Lender. 
 (g)    Each Lender that sells a
participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and
stated interest) of each Participant’s interest in the Loans or other obligations under this Agreement or any other Loan Document (the “Participant Register”); provided, that, no Lender shall have any obligation
to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans or its other obligations under this Agreement or any other
Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the
United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for
all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as an Administrative Agent) shall not have any responsibility for maintaining a Participant Register.

  
 55 

 (h)    Any Lender may, in connection with any assignment
or participation or proposed assignment or participation pursuant to this Section 10.04, disclose to the assignee or Participant or proposed assignee or Participant any information relating to the Borrower furnished to such
Lender; provided, that, prior to any such disclosure, each such assignee or Participant or proposed assignee or Participant shall be subject to confidentiality provisions at least as restrictive as those contained herein. 

(i)    The Borrower shall not assign or delegate any rights and duties hereunder or under any other Loan
Document, without the prior written consent of each of the Administrative Agent and each of the Lenders (and any assignment or delegation without such prior written consent shall be null and void). 

(j)    Any Lender may at any time pledge or assign a security interest in all or any portion of its rights
under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or other central banking authority, and this Section shall not apply to any such pledge or assignment of a
security interest; provided, that, no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

SECTION 10.05.    Expenses, Indemnity. 

(a)    The Borrower agrees to pay all reasonable out-of-pocket expenses incurred by (i) the Administrative Agent and the Arrangers in connection with entering into this Agreement or any other Loan Document or in connection with any amendments,
modifications or waivers of the provisions hereof or thereof (including the reasonable fees, disbursements and other charges of a single counsel), or (ii) the Administrative Agent, the Arrangers or any Lender in connection with the enforcement
of their rights in connection with this Agreement and any other Loan Document or in connection with the Loans made hereunder or thereunder, including the fees and disbursements of counsel for the Administrative Agent, the Arrangers and, in the case
of enforcement, each Lender. 
 (b)    The Borrower agrees to indemnify the Administrative Agent, the
Arrangers, each Lender, each of their Affiliates and the respective Related Parties of the foregoing (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims,
damages, liabilities and related expenses, including reasonable fees, disbursements and other charges of counsel, incurred by or asserted against any Indemnitee arising out of or in connection with (i) the consummation of the transactions
contemplated by this Agreement (including the syndication of the credit facilities provided for herein), (ii) any Loan or the use of the proceeds therefrom or (iii) any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing, whether based on contract, tort or any other theory and whether initiated against or by any party to this Agreement, any Affiliate of any of the foregoing or any third party (and regardless of whether any Indemnitee
is a party thereto); provided, that, (x) such indemnity shall not, as to any Indemnitee, be available to the extent that a court of competent jurisdiction has determined by a final
non-appealable judgment that such losses, claims, damages, liabilities or related expenses result from the gross negligence or willful misconduct of such Indemnitee and (y) such indemnity shall not apply
to losses, claims, damages, liabilities or related expenses that result from disputes solely between Lenders. 

(c)    To the fullest extent permitted by applicable law, the Borrower shall not assert, or permit any of
its Affiliates or Related Parties to assert, and each hereby waives, any claim against any Indemnitee (i) for any damages arising from the use by others of information or other materials 

  
 56 

 
obtained through telecommunications, electronic or other information transmission systems (including the Internet) or (ii) 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 or thereby, the Transactions, any Loan or the
use of the proceeds thereof. 
 (d)    To the extent that the Borrower for any reason fails to
indefeasibly pay any amount required under Section 10.05(a) or (b) to be paid by it to the Administrative Agent (or any sub-agent thereof) or any Related Party thereof,
each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the
applicable unreimbursed expense or indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender), such
payment to be made severally among them based on such Lenders’ Applicable Percentages (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought); provided, that, the unreimbursed expense or
indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) in its capacity as such, or against any
Related Party acting for the Administrative Agent (or any such sub-agent) in connection with such capacity. The obligations of the Lenders under this Section 10.05(d) are several and
not joint. The failure of any Lender to make any payment pursuant to this Section 10.05(d) shall not relieve any other Lender of its corresponding obligation to do so, and no Lender shall be responsible for the failure of
any other Lender to so make its payment pursuant to this Section 10.05(d). 

(e)    All amounts due under this Section 10.05 shall be payable on written
demand therefor. 
 SECTION 10.06.    Applicable Law. This Agreement and any claims, controversy,
dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement and the transactions contemplated hereby shall be governed by, and construed in accordance with, the law of the State of
New York. 
 SECTION 10.07.    Waivers, Amendment. 

(a)    No failure or delay of the Administrative Agent or any Lender in exercising any power or right
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 Administrative Agent and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies
which they would otherwise have. No waiver of any provision of this Agreement or any other Loan Document or consent to any departure therefrom shall in any event be effective unless the same shall be permitted by
Section 10.07(b) below, 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 the Borrower in any case shall entitle such party to any
other or further notice or demand in similar or other circumstances. 
 (b)    Except as provided in
Section 10.07(c), none of this Agreement, any other Loan Document or any provision hereof or thereof may be waived, amended or otherwise modified except pursuant to an agreement or agreements in writing entered into by, in
the case of this Agreement, the Borrower, the Administrative Agent and the Required Lenders or, in the case of 

  
 57 

 
any other Loan Document, the Borrower and the Administrative Agent, with the consent of the Required Lenders; provided, that, no such agreement shall (i) decrease the principal
amount of, or extend the scheduled maturity date of, or date for the payment of any interest on, any Loan, or waive or excuse any such payment or any part thereof, or decrease the rate of interest on any Loan, in each case without the prior written
consent of each Lender directly affected thereby, (ii) increase the amount of, or postpone the scheduled date of the expiration of, any Commitment, or decrease or extend the date for payment of the facility fees, or waive or excuse any such
payment or any part thereof, without the prior written consent of each Lender directly affected thereby, (iii) amend or modify the provisions of Section 3.12 or Section 10.04(i), the
provisions of this Section 10.07 or the definition of the “Required Lenders” without the prior written consent of each Lender or (iv) change the requirement that Loans by Lenders be made ratably in accordance
with their respective applicable Commitments without the prior written consent of each Lender directly affected thereby; provided, further, that, that no such agreement shall waive, amend, modify or otherwise affect the rights
or duties hereunder or under the other Loan Documents of the Administrative Agent without the prior written consent of the Administrative Agent. 

(c)    Notwithstanding anything to the contrary in Section 10.07(b): 

(i)    no consent with respect to any waiver, amendment or other modification of this Agreement or any
other Loan Document shall be required of (A) any Defaulting Lender, except with respect to any amendment, waiver or other modification referred to in Sections 10.07(b)(i) or 10.07(b)(ii) and then only in the event such Defaulting
Lender shall be affected by such amendment, waiver or other modification or (B) in the case of any waiver, amendment or other modification referred to in Section 10.07(b), any Lender that receives payment in
full of the principal of and interest accrued on each Loan made by, and all other amounts owing to, such Lender or accrued for the account of such Lender under this Agreement and the other Loan Documents at the time such amendment, waiver or other
modification becomes effective and whose Commitments terminate by the terms and upon the effectiveness of such amendment, waiver or other modification; 

(ii)    the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed
only by the parties thereto; 
 (iii)    this Agreement may be amended in a manner provided in
Section 3.08(c); and 
 (iv)    any provision of this Agreement or any other
Loan Document may be amended by an agreement in writing entered into by the Borrower and the Administrative Agent to cure any ambiguity, omission, mistake, defect or inconsistency so long as, in each case, the Lenders shall have received at least
five Business Days prior written notice thereof and the Administrative Agent shall not have received, within five Business Days of the date of such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders
object to such amendment. 
 (d)    Each Lender shall be bound by any waiver, amendment or modification
authorized by this Section 10.07, and any consent by any Lender pursuant to this Section 10.07 shall bind any assignee of its rights and interests hereunder. 

SECTION 10.08.    Entire Agreement. This Agreement, the other Loan Documents and any separate letter
agreements with respect to fees payable to the Administrative Agent or the Arrangers constitute the entire contract among the parties relative to the subject matter hereof. Any previous 

  
 58 

 
agreement among the parties not referred to in the immediately preceding sentence with respect to the subject matter hereof is superseded by this Agreement and the other Loan Documents, except
that this Agreement and the other Loan Documents do not supersede any provision of any commitment letter or engagement letter entered into in connection herewith that by the express terms thereof survives the execution and delivery hereof. Nothing
in this Agreement, expressed or implied, is intended to confer any rights, remedies, obligations or liabilities under or by reason of this Agreement upon any Person other than the parties hereto, their respective successors and assigns permitted
hereby, Participants (to the extent provided in Section 10.04(f)), the Arrangers and, to the extent expressly contemplated hereby, the Related Parties of any of the Administrative Agent, the Arrangers and the Lenders. 

SECTION 10.09.    Severability. In the event any one or more of the provisions contained in this
Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby. 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 10.10.    Counterparts; Electronic Execution. 

(a)    This Agreement may be executed in two or more counterparts, each of which shall constitute an
original but all of which when taken together shall constitute but one contract, and shall become effective as provided in Section 10.03. Delivery of an executed counterpart of a signature page of this Agreement by fax,
emailed pdf. or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement. 

(b)    The words “execution”, “signed”, “signature”, “delivery”,
and words of like import in or relating to any document to be signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include electronic signatures, deliveries 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, physical delivery thereof 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 shall not be under any obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by
the Administrative Agent pursuant to procedures approved by it. Without limiting the generality of the foregoing, the Borrower hereby (i) agrees that, for all purposes, including in connection with any workout, restructuring, enforcement of
remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders and the Borrower, electronic images of this Agreement or any other Loan Documents (in each case, including with respect to any signature pages thereto) shall
have the same legal effect, validity and enforceability as any paper original, and (ii) waives any argument, defense or right to contest the validity or enforceability of the Loan Documents based solely on the lack of paper original copies of
any Loan Documents, including with respect to any signature pages thereto. 
 SECTION
10.11.    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. 

  
 59 

 SECTION 10.12.    Right of Setoff. If an Event of
Default shall have occurred and be continuing, each Lender is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or
final) at any time held and other indebtedness at any time owing by such Lender to or for the credit or the account of the Borrower against any of and all of the obligations of the Borrower now or hereafter existing under this Agreement held by such
Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after such setoff and
application made by such Lender, but the failure to give such notice shall not affect the validity of such setoff and application. The rights of each Lender under this Section 10.12 are in addition to other rights and
remedies (including other rights of setoff) which such Lender may have. 
 SECTION 10.13.    Jurisdiction:
Consent to Service of Process. 
 (a)    The Borrower irrevocably and unconditionally agrees that
it will not commence any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Administrative Agent, any Lender or any Related Party of any of the foregoing in
any way relating to this Agreement or any other Loan Document or the transactions relating hereto or thereto in any forum other than the courts of the State of New York sitting in New York County and of the United States District Court of the
Southern District of New York, and any appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits, for itself and its property, to the jurisdiction of such courts and agrees that all claims in respect of
any such action, litigation or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by applicable law, in such Federal court. Each party hereto agrees that a final judgment in any such action,
litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the Administrative Agent or any Lender may
otherwise have to bring any action, litigation or proceeding relating to this Agreement or any other Loan Document or the transactions relating hereto or thereto against the Borrower or any of its properties in the courts of any jurisdiction. 

(b)    Each of the parties hereto hereby irrevocably and unconditionally waives, to the fullest extent it
may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any action, litigation or proceeding arising out of or relating to this Agreement or any other Loan Document or the transactions relating
hereto or thereto in any court referred to in Section 10.13(a). Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such
action, litigation or proceeding in any such court. 
 (c)    Each party to this Agreement irrevocably
consents to service of process in the manner provided for notices in Section 10.01. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other
manner permitted by law. 
 SECTION 10.14.    WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS

  
 60 

 
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.14. 

SECTION 10.15.    Confidentiality. The Administrative Agent and the Lenders expressly agrees, for the
benefit of the Borrower and the Subsidiaries, to maintain the confidentiality of the Confidential Information (as defined below), except that Confidential Information may be disclosed (a) to its Affiliates, its auditors and its Related Parties,
including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Confidential Information and instructed to keep such Confidential
Information confidential or shall be subject to a professional or employment obligation of confidentiality applying to such Confidential Information), (b) to the extent requested by any regulatory authority, (c) to the extent required by
applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this
Agreement or any other Loan Document or the enforcement of rights hereunder and thereunder, (f) subject to an express agreement for the benefit of the Borrower and the Subsidiaries containing provisions substantially the same as those of this
Section, to any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or to any direct or indirect counterparty to a Hedge Agreement or to any credit insurance provider
relating to the Borrower or its Subsidiaries and their obligations (or, in each case, their respective advisors), (g) with the consent of the Borrower, (h) to the National Association of Insurance Commissioners or any similar organization or
any nationally recognized ratings agency, (i) on a confidential basis to the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the credit facilities provided for herein or
(j) to the extent such Confidential Information (i) becomes publicly available other than as a result of a breach of this Section, (ii) becomes available to the Administrative Agent or any Lender on a nonconfidential basis from a
source other than the Borrower and the Subsidiaries or (iii) is independently developed by the Administrative Agent or any Lender without reference to the Confidential Information; provided, that, with respect to disclosures
pursuant to clause (b) above (other than any such disclosure in connection with any routine compliance examination or examination of the financial condition of such Lender by such regulatory authority) and clause (c) above
(unless prohibited by law or applicable court order), the Administrative Agent or such Lender, as the case may be, shall attempt to notify the Borrower of any request by any Governmental Authority or other Person for disclosure of such Confidential
Information after receipt of such request, and if reasonable, practicable and permissible, before disclosure of such Confidential Information. For the purposes of this Section, “Confidential Information” shall mean all information,
including material nonpublic information within the meaning of Regulation FD promulgated by the SEC (“Regulation FD”), received from the Borrower and the Subsidiaries relating to the Borrower and the Subsidiaries or their respective
businesses, other than (x) any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by the Borrower and the Subsidiaries and (y) information pertaining to this
Agreement routinely provided by agents or arrangers to data service providers, including league table providers, that serve the lending industry; provided, that, such information is clearly identified at the time of delivery as
confidential. Any Person required to maintain the confidentiality of Confidential 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 Confidential Information as such Person customarily accords to its own confidential information. It is understood and agreed that the Borrower and the Subsidiaries and their respective Affiliates may rely upon
this Section 10.15 for any purpose, including to comply with Regulation FD. 

  
 61 

 SECTION 10.16.    USA PATRIOT Act Notice. Each
Lender 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 and/or the Beneficial Ownership Regulation, it is required to obtain, verify and
record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in accordance
with the requirements of the USA PATRIOT Act and the Beneficial Ownership Regulation, and the Borrower agrees to provide such information from time to time upon request to each Lender and the Administrative Agent. 

SECTION 10.17.    No Fiduciary Relationship. The Borrower, on behalf of itself and its Affiliates,
agrees that in connection with all aspects of the transactions contemplated hereby and any communications in connection therewith, the Borrower and its Affiliates, on the one hand, and the Credit Parties and their Affiliates, on the other hand, will
have a business relationship that does not create, by implication or otherwise, any fiduciary duty on the part of the Credit Parties or their Affiliates, and no such duty will be deemed to have arisen in connection with any such transactions or
communications. The Credit Parties and their Affiliates may be engaged, for their own accounts or the accounts of customers, in a broad range of transactions that involve interests that differ from those of the Borrower and its Affiliates, and none
of the Credit Parties or their Affiliates has any obligation to disclose any of such interests to the Borrower or any of its Affiliates. To the fullest extent permitted by law, the Borrower hereby agrees not to assert any claims against any of the
Administrative Agent, the Arrangers, the Lenders or their respective Affiliates with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby and any communications in
connection therewith. 
 SECTION 10.18.    Acknowledgement and Consent to
Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any of the parties hereto, each
party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and
acknowledges and agrees to be bound by: 
 (a)    the application of any Write-Down and Conversion Powers
by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and 

(b)    the effects of any Bail-In Action on any such liability,
including, if applicable: 
 (i)    a reduction in full or in part or cancellation of any such liability;

 (ii)    a conversion of all, or a portion of, such liability into shares or other instruments of
ownership in such Affected Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights
with respect to any such liability under this Agreement or any other Loan Document; or 
 (iii)    the
variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority. 

SECTION 10.19.    Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at
any time the interest rate applicable to any Loan, together with all fees, charges and other amounts that are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate
(the “Maximum Rate”) that may be contracted for, charged, taken, 

  
 62 

 
received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in
respect thereof, shall be limited to the Maximum Rate. 
 SECTION 10.20.    Acknowledgment Regarding any
Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Hedge Agreements or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and
each such QFC, a “Supported QFC”), the parties acknowledge and agree that, with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall
Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable
notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States), in the event a Covered Entity that is party
to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in
or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the
U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party
or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be
exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the
United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with
respect to a Supported QFC or any QFC Credit Support. 
 [Rest of page left intentionally blank] 

  
 63 

 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. 
  

			
	ZIMMER BIOMET HOLDINGS, INC.
		
	By:	 	 /s/ Pradipto Bagchi

	Name:	 	Pradipto Bagchi
	Title:	 	Vice President and Treasurer

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	BANK OF AMERICA, N.A.,
	as Administrative Agent
		
	By:	 	 /s/ Erik M. Truette

	Name:	 	Erik M. Truette
	Title:	 	Vice President

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	BANK OF AMERICA, N.A.,
	as a Lender
		
	By:	 	 /s/ Darren Merten

	Name:	 	Darren Merten
	Title:	 	Director

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	BARCLAYS BANK PLC,
	as a Lender
		
	By:	 	 /s/ Ronnie Glenn

	Name:	 	Ronnie Glenn
	Title:	 	Director

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	BNP PARIBAS,
	as a Lender
		
	By:	 	 /s/ Brendan Heneghan

	Name:	 	Brendan Heneghan
	Title:	 	Director
		
	By:	 	 /s/ Karim Remtoula

	Name:	 	Karim Remtoula
	Title:	 	Vice President

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	CITIBANK, N.A.,
	as a Lender
		
	By:	 	 /s/ Richard Rivera

	Name:	 	Richard Rivera
	Title:	 	Vice President

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	DNB CAPITAL LLC,
	as a Lender
		
	By:	 	 /s/ Ahelia Singh

	Name:	 	Ahelia Singh
	Title:	 	Assistant Vice President
		
	By:	 	 /s/ Mita Zalavadia

	Name:	 	Mita Zalavadia
	Title:	 	Assistant Vice President

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	GOLDMAN SACHS BANK USA,
	as a Lender
		
	By:	 	 /s/ Annie Carr

	Name:	 	Annie Carr
	Title:	 	Authorized Signatory

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	HSBC BANK USA, N.A.,
	as a Lender
		
	By:	 	 /s/ Iain Stewart

	Name:	 	Iain Stewart
	Title:	 	Managing Director

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	JPMORGAN CHASE BANK, N.A.,
	as a Lender
		
	By:	 	 /s/ Gregory T. Martin

	Name:	 	Gregory T. Martin
	Title:	 	Executive Director

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	MIZUHO BANK, LTD.,
	as a Lender
		
	By:	 	 /s/ Tracy Rahn

	Name:	 	Tracy Rahn
	Title:	 	Executive Director

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	MUFG BANK, LTD.,
	as a Lender
		
	By:	 	 /s/ David Meisner

	Name:	 	David Meisner
	Title:	 	Vice President

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	ROYAL BANK OF CANADA,
	as a Lender
		
	By:	 	 /s/ Scott MacVicar

	Scott MacVicar
	Authorized Signatory

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	SUMITOMO MITSUI BANKING CORPORATION,
	as a Lender
		
	By:	 	 /s/ Michael Maguire

	Name:	 	Michael Maguire
	Title:	 	Managing Director

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	TD BANK, N.A.,
	as a Lender
		
	By:	 	 /s/ Vijay Prasad

	Name:	 	Vijay Prasad
	Title:	 	Senior Vice President

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	UNICREDIT BANK AG, NEW YORK BRANCH,
	as a Lender
		
	By:	 	 /s/ Fabio Della Malva

	Fabio Della Malva
	Managing Director
		
	By:	 	 /s/ Laura Shelmerdine

	Name:	 	Laura Shelmerdine
	Title:	 	Associate Director

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	CREDIT SUISSE AG, NEW YORK BRANCH,
	as a Lender
		
	By:	 	 /s/ Vipul Dhadda

	Name:	 	Vipul Dhadda
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Brady Bingham

	Name:	 	Brady Bingham
	Title:	 	Authorized Signatory

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	CREDIT SUISSE (SWITZERLAND), LTD.,
	as a Lender
		
	By:	 	 /s/ Christophe Muller

	Name:	 	Christophe Muller
	Title:	 	Managing Director
		
	By:	 	 /s/ Bettina Fahrni

	Name:	 	Bettina Fahrni
	Title:	 	Assistant Vice President

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	DZ BANK AG
	 Deutsche Zentral-Genossenschaftsbank Frankfurt am Main New York Branch,

as a Lender

		
	By:	 	 /s/ Oliver Hildenbrand

	Name:	 	Oliver Hildenbrand
	Title:	 	Director
		
	By:	 	 /s/ Harry Moreno

	Name:	 	Harry Moreno
	Title:	 	Senior Vice President

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	U.S. BANK NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Michael West

	Name:	 	Michael West
	Title:	 	Senior Vice President

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 
			
	LAKE CITY BANK,
	as a Lender
		
	By:	 	 /s/ Michael E. Gavin

	Name:	 	Michael E. Gavin
	Title:	 	Executive Vice President, Credit Administration Officer, Credit Administration

  
 ZIMMER BIOMET HOLDINGS,
INC. 
 CREDIT AGREEMENT 

 ANNEX I 

PRICING GRID 
  

															
	 Pricing

Category
	  	 Ratings

(S&P/Moody’s)
	  	Facility Fee Rate
(in Basis Points)	 	  	Applicable Margin for
Eurodollar Loans (in
Basis Points)	 	  	Applicable
Margin for ABR
Loans (in Basis
Points)	 
	 Category 1
	  	A-/A3 or higher	  	 	15.0	 	  	 	135.0	 	  	 	35.0	 
	 Category 2
	  	BBB+/Baa1	  	 	20.0	 	  	 	142.5	 	  	 	42.5	 
	 Category 3
	  	BBB/Baa2	  	 	25.0	 	  	 	150.0	 	  	 	50.0	 
	 Category 4
	  	BBB-/Baa3	  	 	30.0	 	  	 	157.5	 	  	 	57.5	 
	 Category 5
	  	BB+/Ba1 or lower	  	 	35.0	 	  	 	190.0	 	  	 	90.0	 

 The Applicable Margin and the facility fee rate in effect on any date shall be based on the Ratings (as
defined below) in effect on such date. The ratings to be utilized for purposes of this Annex I are the public ratings assigned by the Rating Agencies to senior, unsecured long-term indebtedness for borrowed money of the Borrower that is not
subject to any credit enhancement (the “Ratings”). The Rating by any Rating Agency in effect at any date is that in effect at the close of business on such date. The Borrower hereby agrees that at all times it shall maintain a
Rating from either S&P or Moody’s. If a Rating is supplied by only one of S&P and Moody’s, then that single Rating shall be determinative. In the case of split Ratings from S&P and Moody’s, the Rating to be used to
determine which pricing category applies shall be the higher of the two Ratings; provided, that, if the split is more than one full Category, the Category that is one below that applicable to the higher Rating shall be used (e.g.
BBB+/Baa3 results in Category 3 and A-/Baa3 in Category 2). For purposes of the Pricing Grid, “Basis Point” shall mean 1/100th of 1%. Capitalized terms used but not otherwise defined in this
Annex I have the meanings given to them in the Credit Agreement to which this Annex I is attached.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}]]