Document:

EX-4.1

 Exhibit 4.1 

PROFESSOR CONNOR’S, INC. 

COMMON STOCK WARRANT AGREEMENT 

This COMMON STOCK WARRANT AGREEMENT (the “Agreement”) is dated as of October 5, 2007, and entered into by and between
PROFESSOR CONNOR’S, INC., a Delaware corporation (the “Company”), and CITY NATIONAL BANK, a national banking association (“CNB” or the “Warrant Holder”). (The Warrant (as hereinafter defined)
may be transferred to one or more transferees in whole or in part from time to time; accordingly in the event of such a transfer, “Warrant Holder” shall mean each and every holder of the Warrant, or any part thereof, from time to
time). Capitalized terms not otherwise defined shall have the meaning ascribed to them in the Loan Agreement (as defined below). 

RECITALS 
 WHEREAS,
pursuant to that certain Loan and Security Agreement of even date herewith (as the same may from time to time be amended, supplemented or extended, the “Loan Agreement”) by and among the Company and CNB, CNB has agreed to extend
credit to the Company (the “Loan Transaction”); 
 WHEREAS, in connection with the Loan Transaction, and in consideration
thereof, the Company is issuing to the Warrant Holder a warrant (the “Warrant”) to purchase up to an aggregate of 82,634 shares of voting common Stock of the Company (the “Common Stock”), subject to adjustment
pursuant to Section 8 hereof, representing one and a quarter percent (1.25%) of the number of shares of Common Stock, calculated on a fully diluted basis (excluding the Excluded Plan Stock (as defined below in
Section 8(e)), as of the date hereof (the Common Stock issuable on exercise of the Warrant being referred to herein as the “Warrant Shares”), at the exercise price per share provided for herein, which Warrant shall be
evidenced in substantially the same form as the Form of Warrant Certificate attached hereto as Exhibit A; and 
 WHEREAS, the Warrant
Holder desires to acquire from the Company, and the Company desires to issue to the Warrant Holder, the Warrant. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth, the parties hereto agree as follows: 

Section 1. Issuance and Acquisition of Warrant. In consideration for the extension of credit by the Lender to the Company, the
Company hereby agrees to issue to the Warrant Holder, subject to the conditions and restrictions contained in this Agreement, and the Warrant Holder hereby agrees to acquire from the Company, the Warrant. 

Section 2. Warrant Certificate. The certificate evidencing the Warrant (the “Warrant Certificate”) to be delivered
pursuant to this Agreement shall be in registered form only and shall be substantially in the form set forth in Exhibit A attached hereto. The Company shall number and register the Warrant in a register as it is issued. 

 Section 3. Registration of Transfers and Exchanges. 

(a) In connection with any Transfer (as defined below) of the Warrant or any Warrant Shares, the Warrant Holder shall, if required by the
Company, obtain from counsel to such holder (who shall be reasonably satisfactory to the Company) an opinion that the proposed Transfer of such Warrant or Warrant Shares may be effected without registration under the Securities Act of 1933, as
amended (the “Securities Act”) and any applicable state securities law. Each Warrant, each Warrant Certificate and any Warrant Shares issued upon such Transfer shall bear the restrictive legends set forth on the Warrant Certificate,
unless with respect to the legend, in the opinion of such counsel such legend is not required in order to ensure compliance with the Securities Act and any applicable state securities laws. As used herein, “Transfer” means to sell,
assign, transfer, pledge, hypothecate, mortgage, encumber, dispose by gift or bequest, or otherwise transfer or dispose. 
 (b) Subject to
Section 3(a) hereof, the Company shall from time to time register the Transfer of the Warrant in a Warrant register to be maintained by the Company upon surrender of such Warrant Certificate accompanied by a written
 instrument(s) of
such Transfer in form satisfactory to the Company, duly executed by the registered holder(s) thereof or by the duly appointed legal representative thereof or by a duly authorized attorney and delivery, in writing, of the agreement of the proposed
transferee to be bound by the terms of this Agreement. Upon any such registration of Transfer, a new Warrant Certificate shall be issued to the transferee(s) and the surrendered Warrant Certificate shall be canceled and disposed of by the Company.
Warrant Certificate(s) may be exchanged at the option of the holder(s) thereof, when surrendered to the Company at its office for another Warrant Certificate or other Warrant Certificates of like tenor and representing in the aggregate a like number
of Warrant Shares. Warrant Certificates surrendered for exchange shall be canceled and disposed of by the Company. 
 Section 4.
Exercise of Warrant. 
 (a) Subject to the terms of this Agreement, the Warrant Holder shall have the right, which may be exercised
commencing on the date of this Agreement and until 5:00 p.m., Los Angeles time on the tenth anniversary of the date of the Warrant (the “Exercise Period”), to purchase from the Company the number of fully paid and nonassessable
Warrant Shares which the holder may at the time be entitled to purchase upon exercise of such Warrant and payment to the Company of the Exercise Price (as defined in Section 4(c) hereof) per Warrant Share then in effect. In the
alternative, the Warrant Holder may exercise its right, during the Exercise Period, to purchase Warrant Shares on a net basis, such that, without the exchange of any funds, such holder purchases that number of Warrant Shares otherwise issuable (or
purchasable) upon exercise of its Warrant less that number of Warrant Shares having a Current Market Price (as defined in Section 8(h) hereof) at the time of exercise equal to the aggregate Exercise Price that would otherwise have been
paid by such holder upon the exercise of the Warrant. 

  
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 (b) No fractional shares shall be issued upon the exercise of the Warrant (or any portion
thereof). All Warrant Shares (including fractions thereof) issuable upon exercise of the Warrant (or fraction thereof) by a holder thereof shall be aggregated for purposes of determining whether the exercise would result in the issuance of any
fractional share. If, after the aforementioned aggregation, the exercise would result in the issuance of a fraction of a share of Common Stock, the Company shall, in lieu of issuing any fractional share, pay the holder otherwise entitled to such
fraction a sum in cash equal to the Current Market Price, multiplied by such fraction on the date of conversion. 
 (c) The Warrant may be
exercised upon surrender to the Company at its office designated for such purpose (the address of which is set forth in Section 16 hereof) the Warrant Certificate(s) evidencing the Warrant to be exercised with the Notice of Exercise,
substantially in the form attached hereto as Exhibit B duly filled in and signed, and upon payment to the Company of the exercise price per Warrant Share (the “Exercise Price”) which is set forth in the Warrant Certificate,
subject to adjustment pursuant to Section 8 hereof, for the number of Warrant Shares in respect of which such Warrant is then exercised. Payment of the aggregate Exercise Price shall be made (i) in cash or by certified or official
bank check payable to the order of the Company or wire transfer in immediately available funds to such account as shall be designated by the Company or (ii) in the manner provided in Section 4(a) hereof. 

(d) Upon such surrender of the Warrant Certificate and payment of the aggregate Exercise Price by the holder thereof, the Company shall issue
and cause to be delivered within three (3) business days to or upon the written order of the holder and in such name or names as the holder may designate, a certificate or certificates for the number of full Warrant Shares issuable upon the
exercise of such Warrant. Subject to Sections 3(a) and 5 hereof, in the event the name or names so designated are not that of the holder, such certificate or certificates shall be deemed to have been issued and any person so designated to be
named therein shall be deemed to have become a holder of record of such Warrant Shares as of the date of the exercise of such Warrant and payment of the Exercise Price. 

(e) The Warrant shall be exercisable, at the election of the holder thereof, either in full or from time to time in part and, in the event
that a Warrant is exercised in respect of fewer than all of the Warrant Shares issuable on such exercise at any time prior to the date of expiration of the Warrant, the Company shall, at the time of delivery of such certificate, deliver to such
holder a new Warrant (evidenced by the appropriate new Warrant Certificate), which new Warrant shall in all other respects be identical with the Warrant exercised. 

(f) The Warrant shall also be conditionally exercisable, at the election of the holder thereof, so that if the Warrant holder exercises the
Warrant in contemplation of the consummation of a transaction described in any of clauses (i) - (iii) of Section 12(b) hereof and such transaction is not consummated, the holder of the Warrant may elect to revoke such exercise, in
which case such Warrant shall be deemed not to have been so exercised. 
 (g) Any Warrant Certificate surrendered upon exercise of a Warrant
shall be cancelled and disposed of by the Company. The Company shall keep copies of this Agreement and any notices given or received hereunder available for inspection by the holders during normal business hours at its offices. 

  
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 (h) In the event that any portion of this Warrant is unexercised at the end of the Exercise
Period (the “Expiration Date”), such portion of this Warrant shall be deemed to have been exercised and converted automatically into Warrant Shares pursuant to the cashless exercise terms of Section 4(a) above
immediately prior to 5:00 p.m. (Los Angeles time) on the Expiration Date (or, in the event that the Expiration Date is not a business day, at 5:00 p.m. (Los Angeles time) on the immediately preceding business day) (the “Automatic Conversion
Date”) and the person entitled to receive the Warrant Shares issuable upon such conversion shall be treated for all purposes as the holder of record of such Warrant Shares as of the close of business (Los Angeles time) on such Automatic
Conversion Date. This Warrant shall be deemed to be surrendered to the Company on the Automatic Conversion Date, by virtue of this Section 4(h) and without any action by the holder of this Warrant or any other person. As promptly as
practicable on or after the Automatic Conversion Date and in any event within thirty (30) days thereafter, the Company at its expense shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates
for the number of Warrant Shares issuable upon such conversion. 
 Section 5. Payment of Taxes; Transfer Costs. The Company will
pay all documentary stamp and transfer taxes attributable to the issuance of Warrant Shares upon exercise of the Warrant; provided, however, that the Company shall not be required to pay any tax which may be payable in respect of any
transfer involved in the issuance and delivery of any Warrant Certificate or certificate representing any Warrant Shares other than to the holder of the Warrant immediately prior to such transfer or issuance. 

Section 6. Lost, Mutilated or Missing Warrant Certificate. In case the Warrant Certificate is mutilated, lost, stolen or
destroyed, the Company shall issue, in exchange and substitution for and upon cancellation of the mutilated Warrant Certificate, or in lieu of and substitution of the Warrant Certificate lost, stolen or destroyed, a new Warrant Certificate of like
tenor and representing an equivalent number of Warrant Shares, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction of such Warrant Certificate and indemnity, if requested, also reasonably
satisfactory to it. 
 Section 7. Reservation of Warrant Shares. The Company shall at all times reserve and keep available out
of its authorized but unissued shares of Common Stock, solely for the purpose of effecting the exercise of the Warrant, a number of shares equal to the number of its shares of Common Stock as shall from time to time be sufficient to effect the
exercise of the entire Warrant at the then applicable Exercise Price, and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the exercise of the entire Warrant, the Company will take such
corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose, including, without limitation, engaging in best
efforts to obtain the requisite stockholder approval. The Company or, if appointed, the transfer agent for the Common Stock (the “Transfer Agent”) and every subsequent transfer agent for any shares of the Company’s capital
stock issuable upon the exercise of any of the rights of purchase aforesaid will be irrevocably authorized and directed at all times to reserve such number of authorized shares as shall be required for such purpose. The Company will keep a copy of
this Agreement on file with the Transfer Agent and with every subsequent transfer agent for any shares of the Company’s capital stock issuable upon the exercise of the rights of purchase 

  
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represented by the Warrant. The Company will furnish such Transfer Agent a copy of all notices of adjustments and certificates related thereto transmitted to each holder pursuant to
Section 8 hereof to reduce the Exercise Price. The Company shall take any corporate action which may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and nonassessable
Warrant Shares at the Exercise Price as so adjusted. The Company covenants that all Warrant Shares which may be issued upon exercise of the Warrant will, upon issue, be fully paid, nonassessable, free of preemptive rights and free from all taxes,
liens, charges and security interests with respect to the issue thereof. If and so long as the outstanding shares of Common Stock may be listed on any securities exchange in the United States, the Company shall use its reasonable best efforts to
cause all Warrant Shares reserved for issuance upon exercise of the Warrant to be listed on each such exchange upon official notice of issuance upon such exercise. 

Section 8. Adjustment of Exercise Price and Number of Warrant Shares Issuable. The Exercise Price and the number of Warrant Shares
issuable upon the exercise of the Warrant are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 8; provided, however, notwithstanding anything to the contrary contained
herein, in no event shall (i) the Exercise Price be adjusted to be below the then current par value of the Company Stock or (ii) any event result in the adjustment to the Exercise Price pursuant to more than one subsection of this
Section 8. After each such adjustment, the calculated adjusted Exercise Price shall become the current Exercise Price for any subsequent adjustment (if any) of the Exercise Price. For purposes of this Section 8.
“Common Stock” means shares of now or hereafter authorized common stock of the Company. 
 (a) Adjustment for Initial
Errors. The Company hereby acknowledges that the number of Warrant Shares constituting the initial number of securities purchasable upon the exercise of the Warrant was based upon the Company’s representations as to the amount of
outstanding Common Stock as of the date hereof, as set forth in Section 13a(iii) below, and upon an intention that the full exercise of the Warrant would result in the holder obtaining shares of Common Stock equal to one and a quarter
percent (1.25%) of the number of shares of the Common Stock, calculated on a fully diluted basis (excluding the Excluded Plan Stock (as defined below in Section 8(e)), as of the date hereof. If for any reason it shall hereafter be
determined that the actual amount of Common Stock, calculated on a fully diluted basis, as of the date hereof caused the calculation of the Warrant Shares to be erroneous, then the Company or the holder (whichever shall discover such error) shall
notify the other of such determination and the Company shall forthwith amend and reissue this Warrant (evidenced by the appropriate new Warrant Certificate) with an appropriate proportional adjustment in said number to be effective from the date
hereof. 
 (b) Adjustment for Change in Capital Stock. If the Company (1) pays a dividend or makes a distribution on its Common
Stock in shares of its Common Stock, (2) subdivides its outstanding shares of Common Stock into a greater number of shares, or (3) combines its outstanding shares of Common Stock into a smaller number of shares, then the Exercise Price
shall be adjusted in accordance with the formula: 
 E1 = E * (O/A) 

where: 

  
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	E1	  	=	  	the adjusted Exercise Price.
			
	E	  	=	  	the current Exercise Price.
			
	O	  	=	  	the number of shares of Common Stock outstanding prior to such action.
			
	A	  	=	  	the number of shares of Common Stock outstanding immediately after such action.

 In the case of such dividend or distribution, the adjustment shall become effective immediately after
the record date for determination of the holders of shares of Common Stock who are entitled to receive such dividend or distribution, and in the case of such subdivision, combination or reclassification, the adjustment shall become effective
immediately after the effective date of such corporate action. If after an adjustment the holder of the Warrant upon exercise thereof may receive shares of two or more classes of capital stock of the Company, the Board shall determine in good faith
the allocation of the adjusted Exercise Price between the classes of capital stock. After such allocation, the exercise privilege, the number of shares issuable upon such exercise and the Exercise Price of each class of capital stock shall
thereafter be subject to adjustment on terms comparable to those applicable to Common Stock in this Section 8. The adjustment required by this Section 8(b) shall be made successively whenever any event listed above shall
occur. 
 (c) Adjustment for Rights Issue. If the Company distributes (other than pursuant to, or as specifically excluded from,
Sections 8(d) or 8(f) hereof) any rights, options or warrants to the holders of any series or class of its Common Stock entitling such holders thereof at any time after the record date mentioned below to purchase shares of Common Stock
at a price per share less than the greater of the Current Market Price or the Exercise Price per share on that record date, the Exercise Price shall be reduced to the price determined in accordance with the formula: 

E1 = E * ((O + (N * P) /M) / (O + N)) 

where: 
  

					
	E1	  	=	  	the adjusted Exercise Price.
			
	E	  	=	  	the current Exercise Price.
			
	O	  	=	  	the number of shares of Common Stock outstanding prior to such action.
			
	N	  	=	  	the number of additional shares of Common Stock issuable upon exercise of the rights, options or warrants offered.
			
	P	  	=	  	the exercise price per share of additional shares issuable upon exercise of the rights, options or warrants.

  
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	M	  	=	  	the greater of the Current Market Price or the Exercise Price per share of Common Stock on the record date.

 The adjustment shall be made successively whenever any such rights, options or warrants are issued and
shall become effective immediately after the record date for the determination of stockholders entitled to receive such rights, options or warrants. If (i) at the end of the period during which such rights, options or warrants are exercisable,
not all rights, options or warrants shall have been exercised, or (ii) at any time the exercise price per share for which shares of Common Stock are issuable pursuant to such rights, options or warrants shall be increased or decreased solely by
virtue of provision therein contained for an automatic increase or decrease in such exercise price per share upon the occurrence of a specified date or event, then the Exercise Price shall be immediately readjusted to what it would have been if, in
the case of clause (i) above, “N” in the above formula had been the number of shares actually issued or, in the case of clause (ii) above, “P” in the above formula had been the exercise price per share, as so increased
or decreased, as the case may be. 
 (d) Adjustment for Distribution. If the Company distributes (including by way of share
repurchases to the extent in excess of the Current Market Price per share but not including payments to any such holder in a capacity other than as a holder of any equity securities of the Company) to the holders of any series or class of its Common
Stock any of its assets (other than cash), debt securities, preferred stock, or any rights or warrants to purchase debt securities, preferred stock, assets or other securities of the Company (other than Common Stock), the Exercise Price shall be
adjusted in accordance with the formula: 
 E1 = E* ((M – F ) / M) 

where: 
  

					
	E1	  	=	  	the adjusted Exercise Price.
			
	E	  	=	  	the current Exercise Price.
			
	M	  	=	  	the Current Market Price per share of Common Stock on the record date mentioned below.
			
	F	  	=	  	the Fair Market Value (as defined in Section 8(h)) of the assets, securities, rights or warrants distributed with respect to one share of Common Stock) on the record date of such
distribution.

 The adjustment shall be made successively whenever any such
distribution is made and shall become effective immediately after the record date for the determination of stockholders entitled to receive the distribution. This Section 8(d) does not apply to rights, options or warrants referred to in
Sections 8(c) or 8(f) hereof. 
 (e) Adjustment for Below Market Issuance of Common Stock and Common Units. If the Company
issues shares of its Common Stock for a consideration per share less than the greater of the Current Market Price or the Exercise Price per share on the date the Company fixes the offering price of such additional shares, or if the Company
(i) issues stock 

  
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options to its management or (ii) grants rights to its management in a phantom stock plan, stock appreciation rights plan or similar plan that compensates management on the basis of the
value of a share of Common Stock (in each such case described in clauses (i) and (ii), “Plan Stock”; with Plan Stock issued by the Company to management of the Company pursuant to stock option plans and incentive plans in
effect as of the date hereof and representing in the aggregate up to 844,137 shares of Common Stock of the Company being referred to as the “Excluded Plan Stock”), the Exercise Price shall be reduced to the price determined in
accordance with the formula: 
 E1 = E * ((O + P/M)/A) 

where: 
  

					
	E1	  	=	  	the adjusted Exercise Price.
			
	E	  	=	  	the current Exercise Price.
			
	O	  	=	  	 the aggregate number of shares of Common Stock and Plan Stock (in each case other than Excluded Plan Stock) outstanding immediately prior to
the issuance of such additional shares.

			
	P	  	=	  	the aggregate consideration received for the issuance of such additional shares of Common Stock or Plan Stock (in each case other than Excluded Plan Stock).
			
	M	  	=	  	the greater of the Current Market Price or the Exercise Price per share of Common Stock on the date of issuance of such additional shares of Common Stock or Plan Stock (in each case other than Excluded Plan Stock).
			
	A	  	=	  	the aggregate number of shares of Common Stock and Plan Stock (in each case other than Excluded Plan Stock) outstanding immediately after the issuance of such additional
shares.

 The adjustment shall be made successively whenever any such
issuance is made, and shall become effective immediately after such issuance. This Section 8(e) does not apply to: (1) any of the transactions described in Section 8(b), 8(c), 8(f) or 8(g) hereof
(for which an appropriate adjustment has already been made); (2) the exercise of the Warrant, or the conversion or exchange of other securities outstanding on the date of this Agreement that are convertible or exchangeable for Common Stock.

 (f) Adjustment for Options, Warrants or Other Rights. If the Company issues any options, warrants or other rights to subscribe for
or purchase any shares of Common Stock (other than securities issued in transactions described in Section 8(c) hereof and other than Common Units) and the consideration per share for which shares of Common Stock at any time thereafter may be
issuable pursuant to such warrants, options or other rights shall be less than the greater of the Exercise Price or the Current Market Price per share on the 

  
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Computation Date (as defined below), then the Exercise Price shall be adjusted as provided in Section 8(e) hereof. Such adjustment shall be made on the basis that (i) the maximum
number of shares of Common Stock issuable pursuant to all such warrants, options or other rights or necessary to effect the conversion, exercise or exchange of all warrants, options or other rights shall be deemed to have been issued as of the
Computation Date and (ii) the aggregate consideration for such maximum number of shares of Common Stock shall be deemed to be the minimum consideration received and receivable by the Company for the issuance of such shares of Common Stock
pursuant to such warrants, options or other rights. The term “Computation Date” shall mean the date of issuance of such warrant, options or other rights. If (i) at the end of the period during which such rights, options or
warrants are exercisable, not all rights, options or warrants shall have been exercised or, during such period, they have lapsed, been terminated or been canceled, or (ii) at any time the exercise price per share for which shares of Common
Stock are issuable pursuant to such rights, options or warrants shall be increased or decreased solely by virtue of a provision therein contained for an automatic increase or decrease in such exercise price per share upon the occurrence of a
specified date or event, then the Exercise Price shall be immediately readjusted to what it would have been if, in the case of clause (i) above, “A” in the formula in Section 8(e) had been calculated based on the number of
shares actually issued or, in the case of either clause (i) or clause (ii) above, “P” in the formula in Section 8(e) had been the actual aggregate consideration received for the issuance of such additional shares.

 (g) Adjustment for Convertible Securities Issues. If the Company issues any securities convertible into or exchangeable for Common
Stock (other than securities issued in transactions described in Sections 8(c), 8(d) or 8(f) hereof and other than Common Units) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less
than the greater of the Current Market Price or the Exercise Price per share on the date of issuance of such securities, the Exercise Price shall be reduced to the price determined in accordance with this formula: 

E1 = E * ((O +P/M)/(O+D)) 

where: 
  

					
	E1	  	=	  	the adjusted Exercise Price.
			
	E	  	=	  	the current Exercise Price.
			
	O	  	=	  	 the number of shares of Common Stock outstanding immediately prior to the issuance of such shares.

			
	P	  	=	  	the aggregate consideration received upon issuance of the securities or receivable for the issuance of such shares upon conversion or exchange (based on the initial conversion or exchange
rate).

  
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	M	  	=	  	the greater of the Current Market Price or the Exercise Price per share on the date of issuance of such securities.
			
	D	  	=	  	the maximum number of Common Stock deliverable upon conversion or in exchange for such securities at the initial conversion or exchange rate.

The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. If
(i) all of the Common Stock deliverable upon conversion or exchange of such securities have not been issued when such securities are no longer outstanding, or (ii) the exercise price per share for which shares of Common Stock are issuable
pursuant to such securities shall be increased or decreased solely by virtue of provisions therein contained for an automatic increase or decrease in such exercise price per share upon the occurrence of a specified date or event, then the Exercise
Price shall promptly be readjusted to the Exercise Price which would then be in effect had the adjustment upon the issuance of such securities been made on the basis of, in the case of clause (i) above, the actual number of shares of Common
Stock issued upon conversion or exchange of such securities or, in the case of clause (ii) above, the exercise price per share, as so increased or decreased, as the case may be. 

(h) Certain Definitions. 

(1) Current Market Price. The “Current Market Price” per share of Common Stock on any date is: 

(i) if the Common Stock is not registered under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), then the Fair Market Value per share of the Common Stock based upon the Fair Market Value of one hundred percent (100%) of the Company if sold as a going concern and without regard to any discount for the lack of liquidity or on
the basis that the relevant shares of the Common Stock do not constitute a majority or controlling interest in the Company and assuming, if applicable, the exercise or conversion of all “in-the-money” warrants, convertible securities,
options or other rights to subscribe for or purchase any additional shares of capital stock of the Company or securities convertible or exchangeable into such capital stock; or 

(ii) if the Common Stock is registered under the Exchange Act, the average of the closing prices per share of the Common Stock
for thirty (30) consecutive trading days commencing forty-five (45) trading days before the date in question. The term “closing price” of the Common Stock on any day, as indicated in the next day’s Wall Street Journal
if so reported in the Wall Street Journal (or if not reported in the Wall Street Journal, as reported by National Quotation Bureau Incorporated or, if not so reported, by a nationally recognized 

  
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quotation service), shall be (A) the reported closing price (last sale price) of the Common Stock on the principal stock exchange on which the Common Stock is listed, (B) if the Common
Stock is not listed on a stock exchange, the reported closing price of the Common Stock on the principal automated securities price quotation system on which sale prices of the Common Stock are reported, or (C) if the Common Stock is not listed
on a stock exchange and sale prices of the Common Stock are not reported on an automated quotation system, the mean of the final bid and asked prices for the Common Stock as reported by National Quotation Bureau Incorporated if at least two
(2) securities dealers have inserted both bid and asked quotations for the Common Stock on at least five (5) of the ten (10) preceding trading days. If none of the foregoing provisions are applicable, the Current Market Price shall be
determined in accordance with Section 8(h)(1)(i) hereof. The term “trading day” shall mean (X) if the Common Stock is listed on at least one stock exchange, a day on which there is trading on the principal stock
exchange on which the Common Stock is listed, (Y) if the Common Stock is not listed on a stock exchange but sale prices of the Common Stock are reported on an automated quotation system, a day on which trading is reported on the principal
automated quotation system on which sales of the Common Stock are reported, or (Z) if the foregoing provisions are inapplicable, a day on which quotations are reported by National Quotation Bureau Incorporated. 

(2) Fair Market Value. The term “Fair Market Value” means the value (“Valuation”)
obtainable upon a sale in an arm’s length transaction to a third party under usual and normal circumstances, with neither the buyer nor the seller under any compulsion to act, with equity to both, as determined by the Board of Directors of
the Company (the “Board”) in good faith, which determination shall be described in a duly adopted Board resolution certified by the Company’s Secretary or Assistant Secretary. If the Board is unable to determine any Valuation,
or if the holders of at least fifty-one percent (51%) of all of the Warrant Shares then issuable hereunder (collectively, the “Requesting Holders”) disagree with the Board’s determination of any Valuation by written notice
delivered to the Company within thirty (30) days after the determination thereof by the Board is communicated to the Warrant Holders affected thereby, which notice specifies a majority-in-interest of the Requesting Holders’ determination
of such Valuation, then following a thirty day period in which Company and Requesting Holders shall attempt to resolve the differences in the Valuation determination, the Company and a majority-in-interest of the Requesting Holders shall select a
mutually acceptable investment banking firm of national reputation which has not had a material relationship with the Company, the Warrant Holder or any director or officer thereof within the preceding two (2) years, which

  
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shall determine such Valuation. Such investment banking firm’s determination of such Valuation shall be final, binding and conclusive on the Company and the holders of all of the Warrants
issued hereunder and then outstanding. Any and all costs and fees of such investment banking firm shall be borne by the Company. 
 (i)
Consideration Received. For purposes of any computation respecting consideration received pursuant to Sections 8(e), 8(f) and 8(g) hereof, the following shall apply: 

(1) in the case of the issuance of shares of Common Stock for cash, the consideration shall be the amount of such cash; 

(2) in the case of the issuance of shares of Common Stock for a consideration in whole or in part other than cash, the
consideration other than cash shall be deemed to be the Fair Market Value thereof; and 
 (3) in the case of the issuance of
options, warrants, rights or other securities convertible into or exchangeable for shares, the aggregate consideration received therefor shall be deemed to be the consideration received by the Company for the issuance of such securities plus the
additional minimum consideration, if any, to be received by the Company upon the conversion or exchange thereof (the consideration in each case to be determined in the same manner as provided in clauses (1) and (2) of this
Section 8(i)). 
 (j) Notice of Adjustment. Whenever the Exercise Price is adjusted, the Company shall provide the notices
required by Section 12 hereof. 
 (k) [Intentionally omitted] 

(l) Reorganization of the Company. If any capital reorganization or reclassification of the capital stock of the Company, any
consolidation or merger of the Company with another entity, or the sale or lease of all or substantially all of the Company’s assets to another entity shall be effected in such a way that holders of Common Stock of the Company shall be entitled
to receive stock, securities or assets with respect to or in exchange for such Common Stock, then, as a condition precedent to such reorganization, reclassification, consolidation, merger, sale or lease, lawful and adequate provisions shall be made
whereby the holder of the Warrant shall thereafter have the right to purchase and receive such stock, securities or assets upon the basis and the terms and conditions specified in this Agreement and in lieu of the shares of Common Stock immediately
theretofore purchasable and receivable upon the exercise of the rights represented hereby had such rights been exercised immediately prior thereto, and in any such case appropriate provision shall be made with respect to the rights and interests of
the holder of the Warrant to the end that the provisions hereof (including, without limitation, provisions for adjustments of the Exercise Price and of the number of shares of Common Stock purchasable and receivable upon the exercise of the Warrant)
shall thereafter be applicable, as nearly as may be, in relation to any shares of stock, securities or assets thereafter 

  
 -12- 

 
deliverable upon the exercise hereof. The Company will not effect any such consolidation, merger, sale or lease, unless prior to the consummation thereof the successor corporation (if other than
the Company) resulting from such consolidation or merger or the corporation purchasing or leasing such assets shall assume by written instrument, executed and mailed or delivered to the holder of the Warrant at the last address thereof appearing on
the books of the Company, the obligation to deliver to such holder, such shares of stock, securities or assets as, in accordance with the foregoing provisions, such holder may be entitled to purchase. 

(m) Adjustment in Number of Shares. In the event that the Exercise Price is adjusted pursuant to this Section 8 or would have been
adjusted pursuant to this Section 8 but for clause (i) of the proviso in the first sentence of this Section 8, the Warrant shall thereafter evidence the right to receive upon payment of the then current Exercise Price that number of
shares of Common Stock (calculated to the nearest hundredth) obtained from the following formula: 
 N1 = N * (E/E1) 

where: 
  

					
	N1	  	=	  	the adjusted number of Warrant Shares issuable upon exercise of the Warrant by payment of the adjusted Exercise Price.
			
	N	  	=	  	the number of Warrant Shares previously issuable upon the exercise of the Warrant by payment of the Exercise Price prior to adjustment.
			
	E1	  	=	  	 the Exercise Price as adjusted pursuant to Section 8 or as would have been adjusted pursuant to this Section 8 but for clause
(i) of the proviso in the first sentence of this Section 8, as the case may be.

			
	E	  	=	  	the Exercise Price prior to the adjustment or such event which would have resulted in an adjustment to the Exercise Price pursuant to this Section 8 but for clause (i) of the proviso in the first sentence of this
Section 8.

 (n) Form of Warrant. Irrespective of any adjustments
in the Exercise Price or the number or kind of shares purchasable upon the exercise of the Warrant, any Warrant theretofore or thereafter issued may continue to express the same price and number and kind of shares as are stated in the Warrant
initially issuable pursuant to this Agreement. 
 (o) Other Action Affecting Common Stock. In case at any time or from time to time
the Company shall take any action affecting the Common Stock, other than an action described in this Section 8, then, unless in the reasonable opinion of the Board such action will not have an adverse effect upon the rights of the holder
of the Warrant, the Exercise Price and the number of Warrant Shares purchasable and issuable upon the exercise of such Warrant shall be adjusted in such manner and at such time as the Board may in good faith determine to be equitable in the
circumstances. 

  
 -13- 

 (p) Excluded Transactions. Notwithstanding the preceding provisions of this
Section 8, no adjustment of the Exercise Price or number of Warrant Shares shall be made with respect to any issuance of Common Stock upon the exercise or conversion of any warrants, options or convertible securities outstanding on the date
hereof other than as required under Section 8(a). 
 Section 9. Cash Dividends. At each time that the Company pays a
dividend in cash or makes a distribution in cash on its Common Stock, concurrently therewith, the Company shall pay to the Warrant Holder its pro rata share of any such dividend or distribution based upon the relative percentage ownership
represented by the Warrant Shares. 
 Section 10. Joinder Agreement. By its acceptance of the Warrant, the Warrant Holder
acknowledges and agrees that, upon exercise of the Warrant, the Warrant Holder shall become a stockholder of the Company under the Amended and Restated Certificate of Incorporation for the Company, as amended (the “Certificate of
Incorporation”), and shall become a Stockholder under the Stockholders Agreement for the Company, as amended (the “Stockholders Agreement”). As a condition to the exercise of the Warrant, the Warrant Holder will execute the
Joinder Agreement in substantially the form attached hereto as Exhibit C. By its acceptance of this warrant, the Warrant Holder agrees to abide and comply with the restrictions on Transfer contained in the Stockholders Agreement. 

Section 11. Covenants of the Company 

(a) No Amendment of Certificate of Incorporation. Until the Warrant has been fully exercised or has expired in accordance with its
terms, the Company shall not amend the certificate of incorporation of the Company in any manner that could reasonably be expected to cause the Company to be in breach of any of the terms of this Agreement or to otherwise hinder the Company’s
performance hereunder without the prior written consent of the holders of at least fifty-one percent (51%) of the Warrant Shares then issuable hereunder. 

(b) [Intentionally omitted] 

(c) Financial Information. The Company will deliver to the Warrant Holder the financial statements described below: 

(1) as soon as practicable, but in any event within 45 days after the end of each fiscal quarter of the Company, an unaudited
consolidated balance sheet of the Company as at the end of such quarter and the related consolidated statements of income, shareholders’ equity, and cash flows of the Company for such quarter and for the period from the beginning of such fiscal
year to the end of such quarter, in each case, prepared in accordance with GAAP (except for the lack of footnotes and subject to year-end audit adjustments and reclassifications), together with a certification by the chief executive officer,
president, or financial officer of the Company that the information contained in such financial statements fairly presents the financial condition of the Company as of the date thereof (subject to year-end adjustments and reclassifications); and

  
 -14- 

 
for the period from the beginning of the then current fiscal year to the end of such quarter, a comparison setting forth the corresponding figures from the prior year and from the budgeted or
projected figures, all in reasonable detail and having been prepared in accordance with GAAP (except for the lack of footnotes and subject to year-end audit adjustments); 

(2) as soon as practicable and in any event within 120 days after the end of each fiscal year, the consolidated balance sheet
of the Company as at the end of such fiscal year and the related consolidated and consolidating statements of income, shareholders’ equity, and cash flows of the Company for such fiscal year, setting forth in each case in comparative form the
consolidated figures for the previous fiscal year, and the corresponding figures from the budgeted or projected figures, all in reasonable detail and accompanied by a report thereon of independent and certified public accountants of recognized
national standing, without any qualifications (including any (A) “going concern” or like qualification or exception, or (B) qualification or exception as to the scope of such audit), and contains statements to the effect that
such financial statements present fairly the financial position of the Company as at the dates indicated and the results of their operations and cash flow for the periods indicated in conformity with GAAP applied on a basis consistent with prior
years (except as otherwise stated therein) and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards; 

(d) State Securities Laws. The Company hereby agrees to comply with all state securities or “blue sky” laws which might be
applicable to the sale of the Warrant; provided, however, the Company shall not be required in connection therewith to qualify to do business in or to file a general consent to service of process in any jurisdiction wherein it would not but
for the requirements of this Section 11(d). 
 Section 12. Notices to Warrant Holders. 

(a) Upon any adjustment of the Exercise Price pursuant to Section 8 hereof, the Company shall promptly thereafter (i) prepare
a certificate setting forth the Exercise Price after such adjustment and setting forth in reasonable detail the method of calculation and the facts upon which such calculations are based and setting forth the number of Warrant Shares (or portion
thereof) issuable after such adjustment in the Exercise Price, upon exercise of the Warrant and payment of the adjusted Exercise Price, and (ii) cause to be given to the registered holder of the Warrant Certificate written notice of such
adjustments. Where appropriate, such notice may be given in advance and included as a part of the notice required to be mailed under the other provisions of this Section 12. 

(b) In the event (i) that the Company shall authorize the distribution to all holders of shares of common Stock of evidences of its
indebtedness or assets (including without limitation ordinary quarterly cash dividends), (ii) of any consolidation or merger to which the Company is a party and for which approval of the stockholders of the Company is

  
 -15- 

 
required or of the conveyance or transfer of substantially all of the properties and assets of the Company or its subsidiaries or of any reclassification or change of Common Stock issuable upon
exercise of the Warrant (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination), or a tender offer or exchange offer made by the Company for shares of
common Stock or any transaction or series of transactions in which more than 50% of the voting power of the Company is disposed of, or (iii) of the voluntary or involuntary dissolution, liquidation or winding up of the Company or any of its
subsidiaries, the Company shall cause to be given to the registered holder of the Warrant Certificate, at least thirty (30) days prior to the applicable record date hereinafter specified, or promptly in the case of events for which there is no
record date, a written notice stating, in each case as applicable, (A) the date as of which the persons to which such distribution are to be made is determined, (B) the date on which any such reclassification, consolidation, merger,
conveyance, transfer, dissolution, liquidation or winding up is expected to become effective or consummated, the principal terms thereof and the date as of which it is expected that holders of record of shares of common Stock shall be entitled to
exchange such shares for securities or other property, if any, deliverable upon such reclassification, consolidation, merger, conveyance, transfer, dissolution, liquidation or winding up, and (C) the initial expiration date set forth in any
tender offer or exchange offer made by the Company for shares of common Stock. 
 (c) The Company shall distribute to the Warrant Holder
copies of all notices, materials, annual and quarterly reports, proxy statements, information statements and any other documents distributed generally to the holders of shares of common Stock at such times and by such method as such documents are
distributed to such holders of shares of common Stock. Nothing contained in this Agreement or in the Warrant Certificate, however, shall be construed as conferring upon the holder thereof the right to vote or to consent or to receive notice as a
stockholder in respect of the meetings of stockholders or the election of the Board or any other matter, or any right whatsoever as a stockholder of the Company prior to the exercise of the Warrant. 

(d) The Company shall deliver to the holder of the Warrant written notice of the expiration of the Exercise Period of such Warrant. Such
notice shall be delivered by the Company not less than thirty (30) days but not more than sixty (60) days prior to the existing expiration date of the Exercise Period of such Warrant. 

(e) In the event that the Company undertakes to (i) sell, lease, exchange, convey or otherwise dispose of all or substantially all of its
property or business, or (ii) merge into or consolidate with any other corporation (other than a wholly-owned Subsidiary), or effect any transaction (including a merger or other reorganization) or series of related transactions, in which more than
fifty percent (50%) of the voting power of the Company is disposed of, the Company will use its best efforts to provide at least thirty (30) days notice of the terms and conditions of the proposed transaction. The Company shall cooperate
with the Warrant Holder in consummating the sale of this Warrant in connection with any such transaction. 

  
 -16- 

 Section 13. The Company’s Representations and Warranties. The Company represents
and warrants that: 
 (a) Organization, Powers, Good Standing and Subsidiaries. 

(i) Organization and Powers. The Company is a corporation duly organized, validly existing and in good standing under the laws of the
State of Delaware, and has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and proposed to be conducted, to enter into this Agreement, to issue the Warrant and to carry out the
transactions contemplated hereby and thereby. 
 (ii) Good Standing. The Company is in good standing wherever necessary to carry on
its present business and operations, except in jurisdictions in which the failure to be in good standing has not had and reasonably could not be expected to have a Material Adverse Effect (as defined in the Loan Agreement). 

(iii) Capitalization. As of the date hereof, the authorized capital stock of the Company consists of (A) 17,000,000 shares of
voting common Stock, with par value of $0.001 per share, of which 6,610,738 shares are outstanding, (B) 2,000,000 shares of non-voting common Stock, with par value of $0.001 per share, of which 0 shares are outstanding, (C) 6,000,000
shares of Preferred Stock, with par value of $0.001 per share, of which (1) 2,639,465 shares have been authorized and designated as “Series A Preferred Stock” and 2,638,388 shares are outstanding, and (2) 250,000 shares have been
authorized and designated as “Series B Preferred Stock” and 112,160 shares are outstanding, and (D) 844,137 shares of Plan Stock outstanding. All such outstanding shares have been fully paid, validly issued and are nonassessable. As
of the date hereof, the Company has duly authorized the issuance of, and reserved for issuance, the shares of its common Stock that are to be issued upon the exercise of the Warrant and, upon such exercise, payment and issuance in accordance with
the Warrant, such shares of its Common Stock will be validly issued, fully paid, nonassessable shares free of preemptive rights other than such rights as are contained in the Investor Rights Agreement. The issuance and sale of the Warrant has been
made in compliance with all applicable federal and state securities laws. Other than the Warrant, as of the date hereof there are no subscriptions, options, warrants, or calls relating to any shares of the Company’s capital stock, including any
right of conversion or exchange under any outstanding security or other instrument. The Company is not subject to any obligation (contingent or otherwise) to repurchase or otherwise acquire or retire any shares of its capital stock or any security
convertible into or exchangeable for any of its capital stock. 
 (b) Authorization. 

(i) Authorization. The execution, delivery, and performance of this Agreement and the Warrant, the issuance and delivery of the Common
Stock upon the exercise of the Warrant, and the consummation of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action by the Company. 

(ii) No Conflict. The execution, delivery, and performance by the Company of this Agreement and the issuance and delivery of the
Warrant and, in each case, the consummation of the transactions contemplated hereby and thereby, will not (A) violate the certificate of incorporation or bylaws of the Company, (B) violate any order,

  
 -17- 

 
judgment, or decree of any court or other governmental agency binding on the Company except for violations which, individually or in the aggregate, could not be expected to have a Material
Adverse Effect, (C) violate any provision of law applicable to the Company except for violations which, individually or in the aggregate, could not be expected to have a Material Adverse Effect, (D) conflict with, result in a breach of or
constitute (with due notice or lapse of time or both) a default under any contract of the Company or pursuant to which its properties are bound, other than conflicts, breaches, and defaults as to which waivers have been obtained on or prior to the
date hereof, or which could not be expected to have a Material Adverse Effect, (E) result in or require the creation or imposition of any Lien (other than Permitted Encumbrances) upon the Company’s properties, or (F) require any
approval or consent of any person or entity under any contract of the Company, except for such approvals or consents as have been or will be obtained on or before the date hereof. 

(iii) Due Execution and Delivery; Binding Obligations. This Agreement has been duly executed and delivered by the Company. This
Agreement is a legally valid and binding obligation of the Company in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally
and subject to the availability of equitable remedies, whether considered in a proceeding at law or in equity. 
 (c) No Adjustment of
Other Shares on Issuance. Neither the issuance nor the exercise of the Warrant will cause the rate at which any of the Company’s outstanding securities are ultimately convertible into Common Stock to change nor will such issuance or
exercise invoke any “antidilution” feature of any of the Company’s outstanding securities or rights to purchase securities. 

(d) Rule 144. After it has filed a registration statement pursuant to the requirements of Section 12 of the Exchange Act, relating
to any class of equity securities of the Company, the Company will use its best efforts to file in a timely manner all reports required to be filed by it pursuant to the Exchange Act and, upon the request of the Warrant Holder, will furnish the
Warrant Holder with such reports so that the Warrant Holder may effect routine dispositions of Warrant Shares pursuant to Rule 144 under the Act or any similar rule or regulations hereafter adopted by the Securities and Exchange Commission.
Notwithstanding anything to the contrary contained in this Agreement, the Company may deregister under Section 12 of the Exchange Act if it is then permitted to do so pursuant to the Exchange Act and the rules and regulations thereunder. 

Section 14. The Warrant Holder’s Representations and Warranties. 

(a) This Agreement is made with Warrant Holder in reliance upon the Warrant Holder’s representations to the Company, which by the Warrant
Holder’s execution of this Agreement, the Warrant Holder hereby confirms that, the Warrant Holder is purchasing the Warrant (and the Warrant Shares issuable upon exercise of the Warrant) for its own account for investment purposes only, not as
a nominee or agent, and not with a view to, or for the resale in connection with, any “distribution” thereof for purposes of the Securities Act. 

  
 -18- 

 (b) The Warrant Holder is aware of the Company’s business affairs and financial condition,
and has acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Warrant (and the Warrant Shares issuable upon exercise of the Warrant). The Warrant Holder represents that it is experienced in
evaluating and investing in private placement transactions of securities of companies in a similar stage of development and acknowledges that the Warrant Holder is able to fend for itself, can bear the economic risk of its investment, and has such
knowledge and experience in financial and business matters that the Warrant Holder is capable of evaluating the merits and rights of the investment in the Warrant (and the Warrant Shares issuable upon exercise of the Warrant). The Warrant Holder is
an “accredited investor”, as that term is defined in Rule 501 of Regulation D as promulgated under the Securities Act. 
 (c) The
Warrant Holder understands that the Warrant (and the Warrant Shares upon exercise of the Warrant) has not been registered under the Securities Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the
bona fide nature of the Warrant Holder’s investment intent as expressed herein. In this connection, the Warrant Holder understands that, in the view of the Securities and Exchange Commission (“SEC”), the statutory basis for
such exemption may be unavailable if the Warrant Holder’s representation was predicated solely upon a present intention to hold these Securities for the minimum capital gains period specified under applicable tax laws, for a deferred sale, for
or until an increase or decrease in the market price of the Securities, or for a period of one year or any other fixed period in the future. The Warrant Holder has no such intention. 

(d) The Warrant Holder further understands that the Warrant (and the Warrant Shares upon exercise of the Warrant) must be held indefinitely
unless subsequently registered under the Securities Act or unless an exemption from registration is otherwise available. In addition, the Warrant Holder understands that the certificate evidencing the Warrant (and the Warrant Shares upon exercise of
the Warrant) will be imprinted with the legend referred to in the Warrant under which the Warrant (and the Warrant Shares upon exercise of the Warrant) are being purchased. 

(e) The Warrant Holder is aware of the provisions of Rule 144 and 144A, promulgated under the Securities Act, which, in substance, permit
limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer thereof (or from an affiliate of such issuer), in a non-public offering subject to the satisfaction of certain conditions, if applicable,
including, among other things: The availability of certain public information about the Company, the resale occurring not less than one (1) year after the party has purchased and paid for the securities to be sold; the sale being made through a
broker in an unsolicited “broker’s transaction” or in transactions directly with a market maker (as said term is defined under the Securities Exchange Act of 1934, as amended) and the amount of securities being sold during any
three-month period not exceeding the specified limitations stated therein. The Warrant Holder is aware that the public information about the Company required by Rule 144 is not currently available and the Company has no present plans to make such
information available. 

  
 -19- 

 (e) The Warrant Holder further understands that there is no, and at the time it wishes to sell
the Warrant (or any Warrant Shares issuable upon exercise of the Warrant) there may be no, public market upon which to make a sale of the Warrant (or any Warrant Shares issuable upon exercise of the Warrant), and that, even if such a public market
then exists, the Company may not be satisfying the current public information requirements of Rule 144 and 144A, and that, in such event, the Warrant Holder may be precluded from selling the Securities under Rule 144 and 144A even if the one-year
minimum holding period had been satisfied. 
 (f) The Warrant Holder further understands that in the event all of the requirements of Rule
144 and 144A are not satisfied, registration under the Securities Act, compliance with Regulation A, or some other registration exemption will be required; and that, notwithstanding the fact that Rule 144 is not exclusive, the Staff of the SEC has
expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and otherwise than pursuant to Rule 144 will have a substantial burden or proof in establishing that an exemption from registration
is available for such offers or sales, and that such persons and their respective brokers who participate in such transactions do so at their own risk. 

Section 15. Confidentiality. The Warrant Holder acknowledges that the information received pursuant hereto may be confidential and
for its use only, and it will not use such confidential information in violation of the Exchange Act or reproduce, disclose or disseminate such information to any other person (other than its employees or agents having a need to know the contents of
such information, its attorneys and its partners and/or potential partners or potential transferees of the Warrant Shares that are under obligations of confidentiality), except in connection with the exercise of rights under this Agreement, unless
the Company has made such information available to the public generally or such Warrant Holder is required to disclose such information by a governmental body; provided, however, in such event, such Warrant Holder shall provide the
Company with prompt notice of such requirement and cooperate with the Company to seek any protection order or other remedy as the Company may reasonably request. 

Section 16. Notices Generally. Any notice or other communication required or permitted to be given hereunder shall be in writing
and shall be effective (a) upon hand delivery or delivery by telex, telecopy or facsimile at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first
business day following such delivery (if delivered other than on a business day during normal business hours, where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully
prepaid, addressed to such address or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications shall be. 

  
 -20- 

 
					
	(i) If to the Company:	  	Professor Connor’s, Inc.	  	
		  	  
	  	
		  	  
	  	
		  	  
	  	
		  	  
	  	
			
	(ii) If to the Warrant Holder:	  	 City National Bank
 555 South Flower Street,
16th Floor
 Los Angeles, CA 90071
 Attention: Aaron Cohen

Telefacsimile: (213) 673-9801
	  	
			
	with a copy to:	  	Paul, Hastings, Janofsky & Walker LLP	  	
		  	 515 South Flower Street
 Twenty-Fifth
Floor
	  	
		  	 Los Angeles, CA 90071
 Attn: John F. Hilson,
Esq.
	  	
		  	Telefacsimile: (213) 996-3300	  	

 or at such other address as either party shall have specified by notice in writing. 

Section 17. Successors and Assigns. Except as otherwise provided herein, this Agreement shall be binding upon and inure to the
benefit of the parties and their successors and assigns. The Company may not assign this Agreement or any rights or obligations hereunder or under the Warrant without the prior written consent of the Warrant Holders representing at least a majority
of the Warrant Shares (which consent may be withheld for any reason in the sole discretion of the Warrant Holders), except that the Company may assign this Agreement in connection with a transaction described in Section 12(b)(ii), provided that
the Company is not released from any of its obligations hereunder, and such assignee assumes all obligations of the Company hereunder, and appropriate adjustment of the provisions contained in this Agreement and in the Warrant is made to place the
holder of the Warrant in the same position as it would have been but for such assignment. Any holder of the Warrant may assign this Agreement (in whole or in part) or any rights or obligations hereunder without the consent of the Company in
connection with any sale or transfer of all or any portion of the Warrant held by such holder. The assignment by a party to this Agreement of any rights hereunder shall not affect the obligations of such party under this Agreement, except that a
sale or transfer of all or any portion of the Warrant by any holder thereof shall release such holder of all of such holder’s obligations hereunder with respect thereto. 

Section 18. Waivers. No waiver by either party of any default with respect to any provision, condition of requirement of this
Agreement shall be deemed to be a continuing waiver in the future or a waiver of any other provision, condition or requirement hereof nor shall any delay or omission of either party to exercise any right hereunder in any manner impair the exercise
of any such right accruing to it thereafter. 
 Section 19. Governing Law. This Agreement and the Warrant Certificate issued
hereunder shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed and enforced in accordance with the internal laws of such state without regard to such state’s
principles of conflict of laws. 

  
 -21- 

 Section 20. Amendment. This Agreement may be amended only by a written instrument,
signed by the Warrant Holders representing at least a majority of the Warrant Shares and the Company, which specifically states that it is amending this Agreement. 

Section 21. Headings. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be
deemed to limit or affect any of the provisions hereof. 
 Section 22. Severability. If any provision of this Agreement be held
to be illegal, invalid or unenforceable under any present or future law, and if the rights or obligations of any party hereto will not be materially and adversely affected thereby, such provision will be fully severable. 

Section 23. Entire Agreement. This Agreement, together with the Warrant Certificate and the Investor Rights Agreement, contains
the entire understandings of the parties with respect to the matters covered hereby and except as specifically set forth herein or therein, neither of the parties hereto makes any representation, warranty, covenant or undertaking with respect to
such matters. 
 Section 24. Execution. This Agreement may be executed in two or more counterparts, all of which shall be
considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart. In the event any signature
is delivered by facsimile transmission, the party using such means of delivery shall cause the manually executed signature page(s) to be physically delivered to the other party within five (5) days of the execution hereof. 

Section 25. Remedies. In case any one (1) or more of the covenants and agreements contained in this Agreement shall have been
breached, the holders hereof (in the case of a breach by the Company), or the Company (in the case of a breach by a holder), may proceed to protect and enforce their or its rights either by suit in equity and/or by action at law, including, but not
limited to, an action for damages as a result of any such breach and/or an action for specific performance of any such covenant or agreement contained in this Agreement. 

Section 26. No Impairment of Rights. The Company will not, by amendment of its articles of incorporation or through any other
means, avoid or seek to avoid the observance or performance of any of the terms of this Agreement, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such action as may be necessary or
appropriate in order to protect the rights of the holder of this Agreement against impairment. 
 Section 27. Allocated Purchase
Price. The Company and the Warrant Holder hereby acknowledge that for the purposes of Section 1273(c)(2) of the Internal Revenue Code, the Warrant is issued in connection with the extension of credit by Lender under the Loan Agreement, and
that the allocated purchase price of the Warrant for such purposes is $100. The Company and the Warrant Holder agree to use the foregoing allocated purchase price as the purchase price of the Warrant for all income tax purposes. 

  
 -22- 

 COMMON STOCK WARRANT AGREEMENT SIGNATURE PAGE 

IN WITNESS WHEREOF, the parties have caused this Common Stock Warrant Agreement to be executed in accordance with the terms set forth herein.

  

			
	the “Company”
	
	 PROFESSOR CONNOR’S, INC.
 a
Delaware corporation

		
	By:	 	/s/ Richard A Kassan
	Name:	 	Richard A Kassan
	Title:	 	CEO

 COMMON STOCK WARRANT AGREEMENT SIGNATURE PAGE 

 

			
	the “Warrant Holder”
	
	CITY NATIONAL BANK
		
	By:	 	 
	Name:	 	 
	Title:	 	 

 EXHIBIT A 

FORM OF WARRANT CERTIFICATE 

THESE WARRANTS AND THE SHARES PURCHASABLE HEREUNDER HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE
STATE SECURITIES LAWS. THESE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION, AND MUST BE HELD INDEFINITELY UNLESS SUBSEQUENTLY REGISTERED UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR DISPOSED OF
PURSUANT TO AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS IN
COMPLIANCE WITH THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS. 
 PROFESSOR CONNOR’S, INC.

 WARRANT 
 Dated as
of October     , 2007 
  

			
	Warrant No.     	  	             Shares of Common Stock

 PROFESSOR CONNOR’S, INC., a Delaware corporation (the “Company”), by this certificate (a
“Warrant Certificate”) certifies that, for value received, CITY NATIONAL BANK, a national banking association (“Warrant Holder”), or its registered assigns (sometimes hereinafter referred to as the
“Warrantholders”) shall have the right to purchase from the Company
                                        
(            ) fully paid and nonassessable shares (together with shares issued upon exchange, transfer or replacement thereof, the “Shares”) of Common Stock of the Company
at any time or from time to time until 5:00 p.m. Los Angeles time on the tenth (10th) anniversary of this Warrant, at an exercise price of $4.6438 per Share, subject to adjustment (as such price may be adjusted, the “Exercise
Price”), as provided in that certain Common Stock Warrant Agreement between the Company and Warrant Holder dated as of October 5, 2007 (the “Warrant Agreement”; capitalized terms not otherwise defined herein shall have
the meaning ascribed to them in the Warrant Agreement), upon surrender of this Warrant Certificate to the Company, delivery of a duly completed and executed Notice of Exercise in the form attached hereto to the Company, and payment of the Exercise
Price for each Share for which this Warrant is exercised, but, in each case, only subject to the terms and conditions set forth in the Warrant Agreement. 

 This Warrant is subject to the terms and conditions of the Warrant Agreement. 

  
 -2- 

 IN WITNESS WHEREOF, the Company has caused this Warrant Certificate to be signed by its duly
authorized officer as of the date indicated below. 
  

							
	Dated: October 5, 2007	 		 	PROFESSOR CONNOR’S, INC.
		 		 	a Delaware corporation
				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 

 EXHIBIT B 

NOTICE OF EXERCISE 
 To: PROFESSOR CONNOR’S,
INC. 
 1. The undersigned hereby elects to purchase             shares of Common
Stock (or an equivalent thereof) of PROFESSOR CONNOR’S, INC. pursuant to the terms of the attached Warrant and Agreement, and tenders herewith payment of $             , which
constitutes the purchase price of such shares in full. 
 2. Please issue a certificate or certificates representing said shares in the name
of the undersigned or in such other name or names as are specified below: 
  

					
		  	 	  	
		  	(Name)	  	
			
		  	 	  	
			
		  	 	  	
		  	(Address)	  	

 3. The undersigned represents that the aforesaid shares are being acquired for the account of the undersigned
for investment, and not as a nominee for any other party, and not with a view to, or for offer or resale in connection with, the distribution thereof and that the undersigned has no present intention of distributing or reselling such shares. In
support thereof, the undersigned has executed an Investment Representation Statement attached hereto as Schedule 1. 
  

	
	   

	(Signature)

  

	
	   

	        (Date)

 Schedule 1 

INVESTMENT REPRESENTATION STATEMENT 
  

			
		
	Purchaser:	  	
		
	Company:	  	PROFESSOR CONNOR’S, INC.
		
	Security:	  	Common Stock
		
	Amount:	  	
		
	Date:	  	

 In connection with the purchase of the above-listed securities (the “Securities”), the
undersigned (the “Purchaser”) represents to the Company as follows: 
 (a) The Purchaser is purchasing the Securities for
its own account for investment purposes only, not as a nominee or agent, and not with a view to, or for the resale in connection with, any “distribution” thereof for purposes of the Securities Act of 1933, as amended (the
“Securities Act”). 
 (b) The Purchaser is aware of the Company’s business affairs and financial condition, and has
acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Securities. The Purchaser represents that it is experienced in evaluating and investing in private placement transactions of securities
of companies in a similar stage of development and acknowledges that the Purchaser is able to fend for itself, can bear the economic risk of its investment, and has such knowledge and experience in financial and business matters that the Purchaser
is capable of evaluating the merits and rights of the investment in the Securities. The Purchaser is an “accredited investor”, as such term is defined in Rule 501 of Regulation D as promulgated under the Securities Act. 

(c) The Purchaser understands that the Securities have not been registered under the Securities Act in reliance upon a specific exemption
therefrom, which exemption depends upon, among other things, the bona fide nature of the Purchaser’s investment intent as expressed herein. In this connection, the Purchaser understands that, in the view of the Securities and Exchange
Commission (“SEC”), the statutory basis for such exemption may be unavailable if the Purchaser’s representation was predicated solely upon a present intention to hold these Securities for the minimum capital gains period
specified under applicable tax laws, for a deferred sale, for or until an increase or decrease in the market price of the Securities, or for a period of one year or any other fixed period in the future. The Purchaser has no such intention. 

(d) The Purchaser further understands that the Securities must be held indefinitely unless subsequently registered under the Securities Act or
unless an exemption from registration is otherwise available. In addition, the Purchaser understands that the certificate evidencing the Securities will be imprinted with the legend referred to in the Warrant under which the Securities are being
purchased. 

 (e) The Purchaser is aware of the provisions of Rule 144 and 144A, promulgated under the
Securities Act, which, in substance, permit limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer thereof (or from an affiliate of such issuer), in a non-public offering subject to the
satisfaction of certain conditions, if applicable, including, among other things: The availability of certain public information about the Company, the resale occurring not less than one (1) year after the party has purchased and paid for the
securities to be sold; the sale being made through a broker in an unsolicited “broker’s transaction” or in transactions directly with a market maker (as said term is defined under the Securities Exchange Act of 1934, as amended) and
the amount of securities being sold during any three-month period not exceeding the specified limitations stated therein. The Warrant Holder is aware that the public information about the Company required by Rule 144 is not currently available and
the Company has no present plans to make such information available. 
 (f) The Purchaser further understands that there is no, and at the
time it wishes to sell the Securities there may be no, public market upon which to make a sale of the Securities, and that, even if such a public market then exists, the Company may not be satisfying the current public information requirements of
Rule 144 and 144A, and that, in such event, the Purchaser may be precluded from selling the Securities under Rule 144 and 144A even if the one-year minimum holding period had been satisfied. 

(g) The Purchaser further understands that in the event all of the requirements of Rule 144 and 144A are not satisfied, registration under the
Securities Act, compliance with Regulation A, or some other registration exemption will be required; and that, notwithstanding the fact that Rule 144 is not exclusive, the Staff of the SEC has expressed its opinion that persons proposing to sell
private placement securities other than in a registered offering and otherwise than pursuant to Rule 144 will have a substantial burden or proof in establishing that an exemption from registration is available for such offers or sales, and that such
persons and their respective brokers who participate in such transactions do so at their own risk. 
  

			
	Purchaser:	 	  

	Date:	 	  

 EXHIBIT C 

JOINDER AGREEMENT TO STOCKHOLDERS AGREEMENT 

OF PROFESSOR CONNOR’S, INC. 

This Joinder Agreement (this “Joinder Agreement”) is made as of the date written below by City National Bank, a national
banking association, for the purpose of each of the undersigned becoming a party to the Stockholders Agreement (the “Stockholders Agreement”) dated as of October 25, 2006, among Professor Connor’s, Inc., a Delaware
corporation (the “Company”) and its shareholders (the “Stockholders”). 
 Accordingly, the undersigned
hereby acknowledges, agrees and confirms that, by its execution of this Joinder Agreement, each of the undersigned shall be deemed to be a party to the Stockholders Agreement as of the date hereof and shall have all of the rights and obligations of
a “Stockholder” thereunder as if it had executed the Stockholders Agreement. Each of the undersigned hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the
Stockholders Agreement. 
 [Signature Page to Follow] 

 IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of the date written below. 

 

			
	PROFESSOR CONNOR’S, INC.,
	a Delaware corporation
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	CITY NATIONAL BANK,
	a national banking association
		
	By:	 	  

	Name:	 	  

	Title:EX-10.1

 Exhibit 10.1 

AMENDED AND RESTATED CREDIT AGREEMENT 

THIS AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”), dated as of April 12, 2013, among (1) PROFESSOR
CONNOR’S, INC., a Delaware corporation (the “Borrower”), (2) the several banks and other lenders from time to time parties to this Agreement (the “Lenders”) and (3) ONEWEST BANK, FSB (“OneWest
Bank”), as administrative agent for the Lenders (in such capacity, the “Agent”). 
 RECITALS 

A. The Borrower, the Lenders and the Agent are party to that certain Credit Agreement dated as of June 8, 2012 (the “Existing
Credit Agreement”) pursuant to which the Lenders made available to the Borrower a revolving credit facility in the maximum principal amount of $40,000,000. 

B. The Borrower has requested that the Lenders (i) increase the revolving loan facility as set forth herein and (ii) make other
changes to the Credit Agreement as set forth herein, and the Agent and the Lenders have agreed to such increase and changes, in each case on the terms and conditions set forth in this Agreement. 

Accordingly, the parties hereto agree that the Existing Credit Agreement is hereby amended and restated as set forth in this Agreement. 

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties hereto hereby agree as follows: 

 

	SECTION 1.	DEFINITIONS 

 1.1 Defined Terms. As used in this Agreement, the following terms shall
have the following meanings: 
 “Accountants”: a firm of independent certified public accountants as shall be selected by
the Borrower and reasonably satisfactory to the Agent. 
 “Account”: an account (as that term is defined in the UCC). 

“Account Debtor”: any Person who is obligated on an Account, chattel paper, or a General Intangible. 

“Acquisition”: any transaction, or any series of related transactions, consummated after the Closing Date, by which the
Borrower and/or any of its Subsidiaries directly or indirectly (a) acquires any ongoing business or all or substantially all of the assets of any firm, partnership, joint venture, limited liability company, corporation or division thereof,
whether through purchase of assets, merger or otherwise, (b) acquires in one transaction or as the most recent transaction in a series of transactions control of securities of a Person engaged in an ongoing business representing more than 50%
of the ordinary voting power for the election of directors or 

 
other governing position if the business affairs of such Person are managed by a board of directors or other governing body or (c) acquires control of more than 50% of the ownership interest
in any partnership, joint venture, limited liability company, business trust or other Person that is not managed by a board of directors or other governing body. 

“Additional Documents”: has the meaning assigned to such term in Section 9.4(c). 

“Affiliate”: as to any Person, (a) any other Person which, directly or indirectly, is in control of, is controlled by,
or is under common control with, such Person or (b) any Person who is a director, officer, shareholder, member or partner (i) of such Person, (ii) of any Subsidiary of such Person or (iii) of any Person described in the preceding
clause (a). For purposes of this definition, “control” of a Person means the power, directly or indirectly, either to (i) vote securities having 10% or more of the ordinary voting power for the election of directors or managers of
such Person or (ii) direct or cause the direction of the management and policies of such Person whether by contract or otherwise. 

“Agreement”: the Existing Credit Agreement, as amended and restated by this Amended and Restated Credit Agreement, and as
this Amended and Restated Credit Agreement may be further amended, restated, supplemented or otherwise modified from time to time. 

“Agent”: as defined in the preamble hereto. 

“Anti-Terrorism Laws”: any Requirements of Law relating to terrorism or money laundering, including Executive Order
No. 13224, the PATRIOT Act, the Bank Secrecy Act, the Money Laundering Control Act of 1986 (i.e., 18 U.S.C. §§ 1956 and 1957), the Requirements of Law administered by OFAC, and all Requirements of Law comprising or implementing these
laws. 
 “Asset Disposition”: the sale, sale and leaseback, transfer, conveyance, exchange, long-term lease accorded sales
treatment under GAAP or similar disposition (including by means of a merger, consolidation, amalgamation, joint venture or other substantive combination) of any of the properties, business or assets (other than cash and Cash Equivalents, but
including the assignment of any lease, license or permit relating to any property) of the Borrower or any of its Subsidiaries to any Person or Persons; provided that Asset Dispositions shall not include any of the following: 

(a) the sale of inventory in the ordinary course of business; 

(b) dispositions of assets or property between or among the Loan Parties; 

(c) dispositions in the ordinary course of business constituting the sale or discount of Accounts reasonably deemed by the Borrower to be
uncollectible; 
 (d) the sale of obsolete or worn-out assets or assets no longer used or useful in the business of the Loan Parties; 

(e) the licensing, on a non-exclusive basis, of patents, trademarks, copyrights, and other intellectual property rights in the ordinary course
of business; and 
 (f) any disposition or issuance by the Borrower of its own equity interests to the extent that any such issuance does
not result in a Change of Control. 

  
 - 2 - 

 “Assignment and Acceptance”: an Assignment and Acceptance in the form of Exhibit
F to this Agreement. 
 “Available Revolving Loan Commitment”: with respect to each Lender on the date of determination
thereof, the amount by which (a) the Revolving Loan Commitment of such Lender on such date exceeds (b) the principal sum of such Lender’s Revolving Loans outstanding. 

“Base Rate”: for any day, a rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to the greater of
(a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. “Prime Rate” shall mean the rate of interest per annum as published in The Wall Street Journal on the
date of measurement or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board as determined by the Agent as the “bank prime loan” rate. “Federal Funds
Effective Rate” shall mean, for any day, the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business
Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for the day of such transactions received by the Agent from three federal funds brokers of national
recognized standing selected by it. If, for any reason, the Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds Effective Rate for any reason, including the
inability or failure of the Agent to obtain sufficient quotations in accordance with the terms hereof, the Base Rate shall be determined without regard to clause (b) of the first sentence of this definition until the circumstances giving rise
to such inability no longer exist. Any change in the Base Rate due to a change in the Reference Rate or the Federal Funds Effective Rate shall be effective on the effective date of such change in the Prime Rate or the Federal Funds Effective Rate,
respectively. 
 “Base Rate Loans”: Revolving Loans the rate of interest applicable to which is based upon the Base Rate.

 “Benefit Plan”: a “defined benefit plan” (as defined in Section 3(35) of ERISA) for which Borrower or any
Subsidiary or ERISA Affiliate of Borrower has been an “employer” (as defined in Section 3(5) of ERISA) within the past six years. 

“Blocked Person”: a Person (i) listed in the annex to, or is otherwise subject to the provisions of, Executive Order
No. 13224, (ii) owned or controlled by, or acting for or on behalf of, any Person that is listed in the annex to, or is otherwise subject to the provisions of, Executive Order No. 13224, (iii) with which any Lender is prohibited
from dealing or otherwise engaging in any transaction by any Anti-Terrorism Law, (iv) that commits, threatens or conspires to commit or supports “terrorism” as defined in Executive Order No. 13224 or (v) that is named a
“specially designated national” or “blocked person” on the most current list published by OFAC or other similar list. 

  
 - 3 - 

 “Books”: all of Borrower’s and its Subsidiaries’ now owned or
hereafter acquired books and records (including all of their Records indicating, summarizing, or evidencing their assets (including the Collateral) or liabilities, all of Borrower’s and its Subsidiaries’ Records relating to their business
operations or financial condition, and all of their goods or General Intangibles related to such information). 

“Borrower”: as defined in the preamble hereto. 

“Borrower Collateral”: all of Borrower’s now owned or hereafter acquired right, title, and interest in and to each of
the following: 
 (a) all of its Accounts, 

(b) all of its Books, 

(c) all of its commercial tort claims described on Schedule 1.1(c), 

(d) all of its Deposit Accounts, 

(e) all of its Equipment, 

(f) all of its General Intangibles, 

(g) all of its Inventory, 

(h) all of its Investment Property (including all of its securities and Securities Accounts), 

(i) all of its Negotiable Collateral, 

(j) all of its Supporting Obligations, 

(k) money or other assets of Borrower that now or hereafter come into the possession, custody, or control of the Agent, and

 (l) the proceeds and products, whether tangible or intangible, of any of the foregoing, including proceeds of insurance
covering any or all of the foregoing, and any and all Accounts, Books, Deposit Accounts, Equipment, General Intangibles, Inventory, Investment Property, Negotiable Collateral, Real Property, Supporting Obligations, money, or other tangible or
intangible property resulting from the sale, exchange, collection, or other disposition of any of the foregoing, or any portion thereof or interest therein, and the proceeds thereof. 

“Borrowing Notice”: a notice from the Borrower to the Agent requesting a borrowing of Revolving Loans, substantially in the
form of Exhibit D hereto. 
 “Business Day”: a day other than a Saturday, Sunday or other day on which commercial banks in
the State of California are authorized or required by law to close and which, in the case of a LIBOR Loan, is a Eurodollar Business Day. 

  
 - 4 - 

 “Canadian Subsidiary”: means Professor Connors Canada, Inc., a company organized
under the laws of the province of Ontario. 
 “Capital Lease”: a lease that is required to be capitalized for financial
reporting purposes in accordance with GAAP. Notwithstanding anything else set forth herein, any lease that was or would have been treated as an operating lease under GAAP as in effect on the Closing Date that would be treated as a capital lease
solely as a result of a change in GAAP after the Closing Date shall always be treated as an operating lease for all purposes and at all times under this Agreement. 

“Capitalized Lease Obligation”: that portion of the obligations under a Capital Lease that is required to be capitalized in
accordance with GAAP. 
 “Capital Stock”: any and all shares, interests, participations or other equivalents (however
designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), any and all warrants, options or rights to purchase or any other securities convertible into any of the foregoing. 

“Cash Equivalents”: (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States or
issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within 1 year from the date of acquisition thereof, (b) marketable direct obligations issued by any state of the United States or
any political subdivision of any such state or any public instrumentality thereof maturing within 1 year from the date of acquisition thereof and, at the time of acquisition, having one of the two highest ratings obtainable from either
Standard & Poor’s Rating Group (“S&P”) or Moody’s Investor Service, Inc. (“Moody’s”), (c) commercial paper maturing no more than two-hundred-seventy (270) days from the date of
creation thereof and, at the time of acquisition, having a rating of at least A-1 from S&P or at least P-1 from Moody’s, (d) certificates of deposit or bankers’ acceptances maturing within 1 year from the date of acquisition
thereof issued by any bank organized under the laws of the United States or any state thereof having at the date of acquisition thereof combined capital and surplus of not less than $250,000,000, (e) Deposit Accounts maintained with
(i) any bank that satisfies the criteria described in clause (d) above, or (ii) any other bank organized under the laws of the United States or any state thereof so long as the amount maintained with any such other bank is less than
or equal to $100,000 and is insured by the Federal Deposit Insurance Corporation, and (f) investments in money market funds substantially all of whose assets are invested in the types of assets described in clauses (a) through
(e) above. 
 “Change in Law”: means the occurrence, after the date of this Agreement, of any of the following:
(a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority
or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank
Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking 

  
 - 5 - 

 
Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change
in Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control”: (a) Permitted Holders fail to
own and control, directly or indirectly, 50.1% or more, of the Capital Stock of Borrower having the right to vote for the election of members of the Board of Directors, (b) Freshpet Investors, LLC fails to own and control, directly or
indirectly, 15% or more, of the Stock of Borrower having the right to vote for the election of members of the Board of Directors, or (c) a majority of the members of the Board of Directors do not constitute Continuing Directors. 

“Chillers”: refrigerated unit out of which the Loan Parties’ products are sold. 

“Closing Date”: June 8, 2012. 

“Code”: the Internal Revenue Code of 1986, as amended from time to time. 

“Collateral”: all of the property (tangible or intangible) purported to be subject to the lien or security interest purported
to be created by any Collateral Document executed by any Loan Party as security for all or part of the Obligations. 
 “Collateral
Documents”: this Agreement, the Control Agreements and all other instruments, documents and agreements encumbering the Collateral or evidencing or perfecting a security interest therein for the benefit of the Agent or any Lender executed by
the Borrower, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms hereof and thereof. 

“Collections”: all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, proceeds of
cash sales, rental proceeds, and tax refunds). 
 “Commercial Tort Claim Assignment”: has the meaning assigned to such term
in Section 9.4(b). 
 “Compliant Guarantor”: subject to Section 7.2, a Guarantor that is in compliance with its
respective Guarantee with no Guarantor Default in existence. 
 “Continuation Notice”: a request for continuation or
conversion of a Revolving Loan as set forth in Section 2.4, substantially in the form of Exhibit C. 
 “Continuing
Director”: (a) any member of the Board of Directors who was a director (or comparable manager) of Borrower on the Closing Date, and (b) any individual who becomes a member of the Board of Directors after the Closing Date if such
individual was appointed or nominated for election to the Board of Directors by a majority of the Continuing Directors, but excluding any such individual originally proposed for election in opposition to the Board of Directors in office at the
Closing Date in an actual or threatened election contest relating to the election of the directors (or comparable managers) of the Borrower and whose initial assumption of office resulted from such contest or the settlement thereof. 

  
 - 6 - 

 “Contractual Obligation”: 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 Agreement”: a control agreement, restricted account agreement or similar agreement or document, in each case in form
and substance reasonably satisfactory to the Agent and entered into for the purpose of perfecting a security interest in one or more deposit accounts or securities accounts of the Loan Parties. 

“Copyright Security Agreement”: a copyright security agreement executed and delivered by Borrower and the Agent, the form and
substance of which is reasonably satisfactory to the Agent. 
 “Covenant Compliance Certificate”: a certificate of a
Responsible Officer or other senior officer of the Borrower substantially in the form of Exhibit E hereto. 
 “Covered
Amount”: as defined in the definition of “Maximum Revolving Amount” herein. 
 “Default”: an event,
condition, or default that, with the giving of notice, the passage of time, or both, would be an Event of Default. 
 “Defaulting
Lender”: has the meaning assigned to such term in Section 2.1(e). 
 “Deposit Account”: any deposit account
(as that term is defined in the UCC). 
 “Dollars” and “$”: dollars in lawful currency of the United
States. 
 “Environmental Laws”: any applicable federal, state, provincial, foreign or local statute, law, rule,
regulation, ordinance, code, binding and enforceable guideline, binding and enforceable written policy, or rule of common law now or hereafter in effect and in each case as amended, or any judicial or administrative interpretation thereof, including
any judicial or administrative order, consent decree or judgment, in each case, to the extent binding on Borrower or its Subsidiaries, relating to the environment, the effect of the environment on employee health, or Hazardous Materials, including
the Comprehensive Environmental Response Compensation and Liability Act, 42 USC § 9601 et seq.; the Resource Conservation and Recovery Act, 42 USC § 6901 et seq.; the Federal Water Pollution Control Act, 33 USC § 1251 et seq.; the
Toxic Substances Control Act, 15 USC § 2601 et seq.; the Clean Air Act, 42 USC § 7401 et seq.; the Safe Drinking Water Act, 42 USC § 3803 et seq.; the Oil Pollution Act of 1990, 33 USC § 2701 et seq.; the Emergency Planning and
the Community Right-to-Know Act of 1986, 42 USC § 11001 et seq.; the Hazardous Material Transportation Act, 49 USC § 1801 et seq.; and the Occupational Safety and Health Act, 29 USC §651 et seq. (to the extent it regulates
occupational exposure to Hazardous Materials); any state and local or foreign counterparts or equivalents, in each case as amended from time to time. 

“Equipment”: equipment (as that term is defined in the UCC) and includes machinery, machine tools, motors, furniture,
furnishings, fixtures, vehicles (including motor vehicles), computer hardware, tools, parts, and goods (other than consumer goods, farm products, or Inventory), wherever located, including all attachments, accessories, accessions, replacements,
substitutions, additions, and improvements to any of the foregoing. 

  
 - 7 - 

 “Equityholder Agreements”: each shareholder agreement, member agreement, partner
agreement, voting agreement, buy-sell agreement, option, warrant, put, call, right of first refusal, and other agreement or instrument governing the equity of any Loan Party or any other security with conversion rights into equity of any Loan Party.

 “Equity Contribution Agreement”: the Equity Contribution Agreement dated as of the Closing Date and executed by the
Borrower and the MidOcean Entities, in favor of the Agent, for the benefit of the Agent and the Lenders, as amended by the First Amendment to Equity Contribution Agreement delivered pursuant to Section 4.1 of this Agreement, and as it may be
further amended, restated, supplemented or otherwise modified from time to time. 
 “ERISA”: the Employee Retirement Income
Security Act of 1974, as amended from time to time. 
 “ERISA Affiliate”: as to any Person, each trade or business
including such Person, whether or not incorporated, which together with such Person would be treated as a single employer under Section 4001(a)(14) of ERISA. 

“Eurodollar Business Day”: any day on which banks are open for dealings in Dollar deposits in the London interbank market.

 “Event of Default”: any of the events specified in Section 7.1, provided that any requirement for the giving
of notice, the lapse of time, or both, or any other condition, has been satisfied. 
 “Excluded Taxes”: all (A)(i) taxes
imposed on, by reference to or measured in whole or in part by the revenue, net income, capital or net worth of the Agent or any Lender, (ii) franchise or other taxes imposed in lieu thereof and (iii) taxes on doing business or taxes
measured by capital or net worth imposed on the Agent or any Lender by any Governmental Authority in a jurisdiction in which the Agent or any Lender (a) is organized, (b) maintains its principal office, (c) is doing business or
(d) has a lending office and (B) any withholding taxes imposed by the United States for any period with respect to which any Lender has failed to provide the Borrower with the appropriate form or forms as required by Section 10.6(i).

 “Existing Credit Agreement”: as defined in the recitals hereto. 

“Financial Statements”: (a) the audited balance sheets of the Borrower for the fiscal year ended December 31, 2011,
and the related statements of income, changes in shareholders’ equity, and cash flows as of and for the fiscal years then ended, and (b) the unaudited balance sheet of the Borrower, as of December 31, 2012, and the related statements
of income, changes in owners’ equity and cash flows as of and for the fiscal quarter then ended. 
 “Fresh Pet
Guarantee”: that certain Shareholder Guarantee executed by the Kayne Investors in favor of the Agent. 

  
 - 8 - 

 “GAAP”: generally accepted accounting principles in the United States in effect
from time to time. 
 “General Intangibles”: general intangibles (as that term is defined in the UCC), including payment
intangibles, contract rights, rights to payment, rights arising under common law, statutes, or regulations, choses or things in action, goodwill, patents, trade names, trade secrets, trademarks, servicemarks, copyrights, blueprints, drawings,
purchase orders, customer lists, monies due or recoverable from pension funds, route lists, rights to payment and other rights under any royalty or licensing agreements, infringement claims, computer programs, information contained on computer disks
or tapes, software, literature, reports, catalogs, insurance premium rebates, tax refunds, and tax refund claims, and any other personal property other than Accounts, Deposit Accounts, goods, Investment Property, and Negotiable Collateral. 

“Governmental Authority”: any nation or government, any federal, state or other political subdivision thereof and any
federal, state or local entity exercising executive, legislative, judicial, regulatory or administrative functions of government. 

“Governmental Authorization”: any permit, license, authorization, plan, directive, consent order or consent decree of or from
any Governmental Authority. 
 “Guarantee Obligation”: as to any Person (the “guaranteeing person”), any
obligation of (a) the guaranteeing person or (b) another Person (including any bank under any letter of credit) which Person the guaranteeing person has agreed to reimburse or indemnify for undertaking such obligation in either case
guaranteeing or in effect guaranteeing any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other third Person (the “primary obligor”) in any manner, whether directly or
indirectly, including any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds for
the purchase or payment of any such primary obligation or to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase property, securities or
services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure or hold harmless the owner of any such primary
obligation against loss in respect thereof; provided, however, that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection or customary indemnifications under agreements, in each case
given or entered into in the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lesser of (a) an amount equal to the stated or determinable amount of the primary obligation
in respect of which such Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and
the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability in respect
thereof as determined by the Borrower in good faith. 
 “Guarantees”: each Subsidiary Guarantee, the Shareholder Guarantees
and the Equity Contribution Agreement. 

  
 - 9 - 

 “Guarantor Collateral”: all of the property (tangible or intangible) purported
to be subject to the lien or security interest purported to be created by any Guarantor Collateral Document executed by any Guarantor as security for all or part of any Guarantee. 

“Guarantor Collateral Documents”: the Guarantor Security Agreement, each Control Agreement requested by the Agent pursuant to
the Guarantor Security Agreement, each UCC-1 Financing Statement filed pursuant to any of the foregoing and any other document or agreement encumbering the Guarantor Collateral or evidencing or perfecting a security interest therein for the benefit
of the Agent executed by a Guarantor, as the same may be amended, modified or supplemented from time to time in accordance with the terms hereof. 

“Guarantor Cure Period”: as defined in Section 7.2 hereof. 

“Guarantor Default”: an “Event of Default” as defined in any Shareholder Guarantee or the Equity Contribution
Agreement, as applicable, including the failure to maintain and or report “Liquidity” or “Uncalled Capital Commitments”, as applicable, as such terms are defined in and as required under the applicable Guarantee. 

“Guarantor Security Agreement”: the Guarantor Security Agreement made by each Subsidiary in favor of the Agent, for the
benefit of the Lenders, in form and substance reasonably satisfactory to the Agent, as the same may be amended, modified or supplemented in accordance with the terms thereof. 

“Guarantors”: each Subsidiary, the MidOcean Entities and the Shareholder Guarantors, which Shareholder Guarantors guarantee
the percentage of the aggregate Revolving Loan Commitments as set forth Schedule 1.1(a). 
 “Hazardous Materials”:
(a) substances that are defined or listed in, or otherwise classified pursuant to, any applicable laws or regulations as “hazardous substances,” “hazardous materials,” “hazardous wastes,” “toxic
substances,” or any other formulation intended to define, list, or classify substances by reason of deleterious properties such as ignitability, corrosivity, reactivity, carcinogenicity, reproductive toxicity, or “EP toxicity”,
(b) oil, petroleum, or petroleum derived substances, natural gas, natural gas liquids, synthetic gas, drilling fluids, produced waters, and other wastes associated with the exploration, development, or production of crude oil, natural gas, or
geothermal resources, (c) any flammable substances or explosives or any radioactive materials, and (d) asbestos in any form or electrical equipment that contains any oil or dielectric fluid containing levels of polychlorinated biphenyls in
excess of 50 parts per million. 
 “Hedging Agreements”: as defined in the definition of “Hedging Obligations” in
this Section 1.1. 
 “Hedging Obligations”: of any Person, any and all obligations of such Person, whether absolute or
contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (i) any and all agreements, devices or arrangements designed to
protect at least one of the parties thereto from the fluctuations of interest rates, commodity prices, exchange rates or forward rates applicable to such party’s assets, liabilities or exchange transactions, including dollar-denominated

  
 - 10 - 

 
or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts
and warrants or any similar derivative transactions (“Hedging Agreements”), and (ii) any and all cancellations, buy-backs, reversals, terminations or assignments of any of the foregoing. 

“Indebtedness”: (a) all obligations for borrowed money and Prohibited Preferred Stock, (b) all obligations
evidenced by bonds, debentures, notes, or other similar instruments and all reimbursement or other obligations in respect of letters of credit, bankers acceptances, interest rate swaps, or other similar financial products (except to the extent cash
collateralized), (c) all obligations as a lessee under Capital Leases, (d) all obligations or liabilities of others secured by a Lien on any asset of a Person or its Subsidiaries, irrespective of whether such obligation or liability is
assumed, (e) all obligations to pay the deferred purchase price of assets (other than trade payables, deferred rent, taxes or compensation incurred in the ordinary course of business and repayable in accordance with customary trade practices),
(f) all Hedging Obligations, and (g) any obligation guaranteeing or intended to guarantee (whether directly or indirectly guaranteed, endorsed, co-made, discounted, or sold with recourse) any obligation of any other Person that constitutes
Indebtedness under any of clauses (a) through (f) above. 
 “Insolvency”: with respect to any Multiemployer Plan,
the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA. 
 “Interest Payment Date”:
(a) as to any Base Rate Loan, the last Business Day of each calendar month to occur while any such Revolving Loan is outstanding, (b) as to any LIBOR Loan having an Interest Period of three months or less, the last day of such Interest
Period, (c) as to any LIBOR Loan having an Interest Period longer than three months, each day which is at the end of each three month-period within such Interest Period after the first day of such Interest Period and the last day of such
Interest Period and (d) for each of (a), (b) and (c) above, the day on which any such Revolving Loan becomes due and payable in full or is paid or prepaid in full. 

“Interest Period”: with respect to any LIBOR Loan: 

(a) initially, the period commencing on the borrowing or conversion date, as the case may be, with respect to such LIBOR Loan and ending one,
two, three, six, nine or twelve months thereafter as available, as selected by the Borrower in its notice of borrowing or its Continuation Notice, as the case may be, given with respect thereto; and 

(b) thereafter, each period commencing on the last day of the next preceding Interest Period applicable to such LIBOR Loan and ending one,
two, three, six, nine or twelve months thereafter as available, as selected by the Borrower by irrevocable notice to the Agent not less than three (3) Eurodollar Business Days prior to the last day of the then current Interest Period with
respect thereto; 
 provided that, all of the foregoing provisions relating to Interest Periods are subject to the following: 

(i) if any Interest Period pertaining to a LIBOR Loan would otherwise end on a day that is not a Business Day, such Interest
Period shall be extended to the next 

  
 - 11 - 

 
succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end on the immediately
preceding Business Day; 
 (ii) any Interest Period for any Revolving Loan that would otherwise extend beyond the date final
payment is due on such Revolving Loan shall end on the date of such final payment; and 
 (iii) any Interest Period
pertaining to a LIBOR Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a
calendar month. 
 “Inventory”: inventory (as that term is defined in the UCC). 

“Investment Company Act”: as defined in Section 3.12 hereof. 

“Investment Property”: investment property (as that term is defined in the UCC). 

“Kayne Investors”: Richard Kayne and The Richard and Suzanne Kayne Living Trust under the Agreement dated January 14,
1999. 
 “Lenders”: as defined in the preamble hereto and Section 8.8 hereof. 

“Lender Hedging Agreement”: any Hedging Agreement entered into between the Borrower or any Subsidiary and a Lender, or a
Person who was a Lender at the time such Hedging Agreement was entered into, the Agent, or an Affiliate thereof. 

“LIBOR”: with respect to any LIBOR Loan for any Interest Period, the rate per annum determined by the Agent and equal to the
rate (rounded upwards, if necessary, to the nearest 1/16 of 1%) quoted as (i) the rate at which dollar deposits in immediately available funds are offered two (2) Eurodollar Business Days prior to the first day of such Interest Period for
delivery on the first day of such Interest Period in the interbank Eurodollar market on or about 9:00 a.m. (Los Angeles time) or (ii) the “LIBOR Rate” set forth in the money rates section of the Wall Street Journal two
(2) Business Days prior to the first day of such Interest Period, in each case for a period equal to such Interest Period and in an amount comparable to the amount of such LIBOR Loan. The Agent currently uses Bloomberg to provide information
with respect to the interbank Eurodollar market, but the Agent, in its sole discretion, may change the service providing such information at any time and/or may rely upon the rate quoted in the Wall Street Journal as indicated above. Each
determination of the LIBOR Rate by the Agent shall be conclusive and binding upon the parties hereto, absent manifest error. 

  
 - 12 - 

 “LIBOR Adjusted Rate”: with respect to each day during each Interest Period
pertaining to a LIBOR Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): 
  

					
		  	 LIBOR
	  	
		  	1.00 - LIBOR Reserve Requirements	  	

 “LIBOR Loans”: Revolving Loans the rate of interest applicable to which is based upon LIBOR
Adjusted Rate. 
 “LIBOR Reserve Requirements”: for any day as applied to a LIBOR Loan, the aggregate (without duplication)
of the maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including basic, supplemental, marginal and emergency reserves under any regulations of the Board of Governors of the Federal Reserve System or
other Governmental Authority having jurisdiction with respect thereto) dealing with reserve requirements prescribed for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of such Board) maintained by
a member bank of such Federal Reserve System. 
 “Lien”: any mortgage, pledge, charge, hypothecation, assignment, deposit
arrangement, encumbrance, lien (statutory or other), security agreement or other security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement or any Capitalized Lease Obligation having
substantially the same economic effect as any of the foregoing). 
 “Liquidity”: means as of the date of determination the
sum of (a) unencumbered cash (other than Liens permitted by Sections 6.3(a) and (j)), and Cash Equivalents owned by the Loan Parties, (b) the aggregate available Revolving Loan Commitments hereunder, and (c) the aggregate principal
amount 
 -available to be borrowed under the terms of the Senior Credit Agreement. 

“Loan Documents”: this Agreement, any Revolving Notes, the Collateral Documents, the Guarantor Collateral Documents, the
Guarantees, any Lender Hedging Agreements, the Subordination Agreement, the agency letter between the Borrower and the Agent, and any other agreement executed by a Loan Party in connection therewith and herewith, as such agreements and documents may
be amended, restated, supplemented and otherwise modified from time to time in accordance with the terms hereof. 
 “Loan
Parties”: the Borrower and the Subsidiaries. 
 “Majority Lenders”: Lenders having Revolving Loan Commitments
equal to or more than 50.1% of the aggregate Revolving Loan Commitment, or, if any Revolving Loan Commitment has terminated, with respect to such Revolving Loan Commitment, Lenders with outstanding Loans under such Commitment having an unpaid
principal balance equal to or more 

  
 - 13 - 

 
than 50.1% of the sum of the unpaid principal balance of all Revolving Loans outstanding, excluding from such calculation Lenders which have failed or refused to fund a Revolving Loan when
required to do so; provided that at all times that there are only two Lenders, the Majority Lenders shall mean both such Lenders; provided further that at all times that there are only three Lenders and one of those Lenders is
also the Agent who holds more than 50.1% of the sum of the unpaid principal balance of all Revolving Loans outstanding, the Majority Lenders shall mean two of the three Lenders. 

“Margin Stock”: as defined in Regulation U. 

“Material Adverse Effect”: a material adverse effect on (a) the business, operations, property or condition (financial
or otherwise) of the Loan Parties, taken as a whole, (b) the ability of the Loan Parties to perform their obligations under the Loan Documents or (c) the validity or enforceability of the Loan Documents or the rights or remedies of the
Agent or the Lenders hereunder or thereunder. 
 “Maximum Debt Covenant”: as defined in Section 6.2. 

“Maximum Revolving Amount”: as of any date of determination, the lesser of (i) the aggregate Revolving Loan Commitments
and (ii) the sum of the principal amounts set forth in the “Amount” column of Schedule 1.1(a) attached hereto, as it may be adjusted from time to time as contemplated by the last sentence of Section 2.2 (such amount, the
“Covered Amount”), of each Compliant Guarantor. 
 “MidOcean Entities”: collectively, MidOcean Partners
III, L.P., an exempted limited partnership formed under the laws of the Cayman Islands (“MidOcean III”), MidOcean Partners III-A, L.P., an exempted limited partnership formed under the laws of the Cayman Islands (“MidOcean
III-A”) and MidOcean Partners III-D, L.P., a limited partnership formed under the laws of the State of Delaware (“MidOcean III-D”). 

“MidOcean III Partnership Agreement”: that certain Amended and Restated Agreement of Exempted Limited Partnership dated as of
July 31, 2006, as amended by the First Amendment dated as of March 30, 2007, the Second Amendment dated as of May 31, 2007, the Third Amendment dated as of June 23, 2008, the Fourth Amendment dated as of February 3, 2009 and
the Fifth Amendment dated as of March 20, 2012, and as it may be further amended, modified or restated from time to time. 

“MidOcean III-A Partnership Agreement”: that certain Amended and Restated Agreement of Exempted Limited Partnership dated as
of July 31, 2006, as amended by the First Amendment dated as of March 30, 2007, the Second Amendment dated as of May 31, 2007, the Third Amendment dated as of June 23, 2008, the Fourth Amendment dated as of February 3, 2009
and the Fifth Amendment dated as of March 20, 2012, and as it may be further amended, modified or restated from time to time. 

“MidOcean III-D Partnership Agreement”: that certain Amended and Restated Agreement of Limited Partnership dated as of
July 31, 2006, as amended by the First Amendment dated as of March 30, 2007, the Second Amendment dated as of May 31, 2007, the Third Amendment dated as of June 23, 2008, the Fourth Amendment dated as of February 3, 2009 and
the Fifth Amendment dated as of March 20, 2012, and as it may be further amended, modified or restated from time to time. 

  
 - 14 - 

 “Multiemployer Plan”: a plan which is a multiemployer plan as defined in
Section 4001(a)(3) of ERISA and which is subject to Title IV of ERISA. 
 “Negotiable Collateral”: letters of credit,
letter of credit rights, instruments, promissory notes, drafts, documents, and chattel paper (including electronic chattel paper and tangible chattel paper). 

“New Lender”: as defined in Section 2.16(c). 

“New Lender Joinder”: as defined in Section 2.16(c). 

“Non-Compliant Guarantor”: a Guarantor that is not a Compliant Guarantor. 

“Norris Investors”: Charles A. Norris and The Norris Trust, dated June 18, 2002. 

“Obligations”: the unpaid principal of and interest on (including interest accruing after the maturity of the Revolving Loans
and interest accruing on or after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is
allowed in such proceeding and whether or not at a default rate) the Revolving Loans, and all other obligations and liabilities of the Borrower and its Subsidiaries to the Agent and the Lenders, whether direct or indirect, absolute or contingent,
due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any other Loan Document and any other document made, delivered or given in connection herewith or therewith, including
any and all Lender Hedging Agreements, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including all reasonable fees and disbursements of counsel, and the allocated reasonable cost of
internal counsel, to the Agent and the Lenders that are required to be paid by the Borrower and its Subsidiaries pursuant to the terms of this Agreement) or otherwise. 

“OFAC”: the U.S. Department of Treasury Office of Foreign Assets Control, or any successor thereto. 

“OFAC Lists”: collectively, the Specially Designated Nationals and Blocked Persons List maintained by OFAC pursuant to any of
the rules and regulations of OFAC or pursuant to any applicable executive orders, including Executive Order No. 13224, as that list may be amended from time to time. 

“OneWest Bank”: as defined in the preamble hereto. 

“Organic Documents”: with respect to any entity, in each case to the extent applicable thereto, its certificate or articles
of incorporation or organization, its by-laws or operating agreement, its partnership agreement, all other formation and/or governing documents, and all Equityholder Agreements, voting agreements and similar arrangements applicable to any of its
authorized shares of capital stock, its partnership interests or its membership interests, and any other arrangements relating to the control or management of any such entity (whether existing as corporation, a partnership, a limited liability
company or otherwise). 

  
 - 15 - 

 “Participant”: as defined in Section 10.6(b) hereof. 

“Partnership Agreements”: collectively, the MidOcean III Partnership Agreement, the MidOcean III-A Partnership Agreement and
the MidOcean III-D Partnership Agreement. 
 “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to
Subtitle A of Title IV of ERISA or any successor thereto. 
 “Permitted Holders”: means the Persons identified on Schedule
1.1(b) hereto. 
 “Permitted Protest”: the right of Borrower or any of its Subsidiaries to protest any Lien (other than any
Lien that secures the Obligations), taxes (other than payroll taxes or taxes that are the subject of a United States federal tax lien), or rental payment, provided that (a) a reserve with respect to such obligation is established on the Books
in such amount as is required under GAAP, (b) any such protest is instituted promptly and prosecuted diligently by Borrower or any of its Subsidiaries, as applicable, in good faith, and (c) the Agent is satisfied that, while any such
protest is pending, there will be no impairment of the enforceability, validity, or priority of any of the Agent’s Liens. 

“Permitted Purchase Money Indebtedness”: means, as of any date of determination, Purchase Money Indebtedness that does not
constitute Subordinated Debt and that is incurred after the Restatement Closing Date in an aggregate amount outstanding at any one time not in excess of $500,000 plus any Purchase Money Indebtedness used to finance the purchase of Chillers. 

“Person”: any individual, firm, partnership, joint venture, corporation, limited liability company, association, business
enterprise trust, unincorporated organization, government or department or agency thereof or other entity, whether acting in an individual, fiduciary or other capacity. 

“Plan”: any plan (other than a Multiemployer Plan) subject to Title IV of ERISA maintained for employees of the Borrower or
any ERISA Affiliate of the Borrower (and any such plan no longer maintained by the Borrower or any of the Borrower’s ERISA Affiliates to which the Borrower or any of the Borrower’s ERISA Affiliates has made or was required to make any
contributions within any of the five preceding years). 
 “Plant”: the Borrower’s manufacturing facility located at
176 North Commerce Way, Bethlehem, Pennsylvania. 
 “Plant Mortgage”: that certain Open-End Mortgage, Security Agreement
and Fixture Filing dated as of October 2, 2012, made by the Borrower for the benefit of the Agent, as recorded in the real property records of the County of Northhampton, Pennsylvania, on October 5, 2012, as Instrument No. 2012032095, as
amended by that certain First Mortgage Modification Agreement dated as of the Restatement Closing Date. 

  
 - 16 - 

 “Preferred Stock”: as applied to the Capital Stock of any Person, the Capital
Stock of any class or classes (however designated) that is preferred with respect to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over shares of Capital
Stock of any other class of such Person. 
 “Prohibited Preferred Stock”: any Preferred Stock that by its terms is
mandatorily redeemable or subject to any other payment obligation (including any obligation to pay dividends, other than dividends of shares of Preferred Stock of the same class and series payable in kind or dividends of shares of common stock) on
or before a date that is less than 6 months after the Revolving Loan Commitment Expiration Date, or, on or before the date that is less than 6 months after the Revolving Loan Commitment Expiration Date, is redeemable at the option of the holder
thereof for cash or assets or securities (other than distributions in kind of shares of Preferred Stock of the same class and series or of shares of common stock). The Class B Preferred Stock and Class C Preferred Stock shall not be considered
Prohibited Preferred Stock. 
 “Properties”: the collective reference to the real and personal property owned, leased,
used, occupied or operated, under contract, license or permit, by the Borrower or any Subsidiary. 
 “Purchase Money
Indebtedness” means Indebtedness (other than the Obligations, but including Capitalized Lease Obligations), incurred at the time of, or within ninety (90) days after, the acquisition of any fixed assets for the purpose of financing all
or any part of the acquisition cost thereof. 
 “Purchasing Lender”: as defined in Section 10.6(c) hereof. 

“Record”: information that is inscribed on a tangible medium or which is stored in an electronic or other medium and is
retrievable in perceivable form. 
 “Reduction Credit”: as defined in Section 2.3(b) hereof. 

“Reduction Date”: as defined in Section 2.3(b) hereof. 

“Register”: as defined in Section 10.6(e). 

“Regulation D”: Regulation D of the Board of Governors of the Federal Reserve System, as the same is from time to time in
effect, and all official rulings and interpretations thereunder or thereof and any successor regulation thereto. 
 “Regulation
U”: Regulation U of the Board of Governors of the Federal Reserve System, as the same is from time to time in effect, and all official rulings and interpretations thereunder or thereof and any successor regulation thereto. 

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

“Reorganization”: with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the
meaning of Section 4241 of ERISA. 

  
 - 17 - 

 “Reportable Event”: the occurrence of any of the events set forth in
Section 4043(b) of ERISA with respect to a Plan for which notice to the PBGC is required, other than those events as to which the thirty day notice period is waived under PBGC regulations. 

“Requirement of Law”: as to any Person, its Organic Documents, and any law, treaty, rule, order, judgment or regulation of an
arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Responsible Officer”: with respect to any Loan Party, the chief executive officer or president of such Loan Party, or, with
respect to financial matters, the chief financial officer of such Loan Party. 
 “Restatement Closing Date”: the date on
which the conditions set forth in Section 4.1 are satisfied. 
 “Restricted Payments”: as defined in Section 6.6.

 “Revolving Commitment Increase”: as defined in Section 2.16(a). 

“Revolving Loan”: as defined in Section 2.1(a). 

“Revolving Loan Commitment”: the commitment of a Lender to make Revolving Loans as set forth on the signature pages hereof,
or in the Assignment and Acceptance or the New Lender Joinder pursuant to which such Lender becomes party to this Agreement, as the case may be, as the same may be adjusted pursuant to the provisions hereof. The aggregate amount of the Revolving
Loan Commitments as of the Restatement Closing Date is $45,000,000. 
 “Revolving Loan Commitment Expiration Date”:
May 1, 2016; provided that the term shall be automatically extended (i) for an additional 12 months to May 1, 2017 (the “Outside Maturity Date”) if the MidOcean Entities deliver legal opinions, in form and
substance reasonably satisfactory to Agent in Agent’s sole discretion, from Cayman Islands and Delaware counsel to the MidOcean Entities stating that each MidOcean Entity has the right to call capital pursuant to the terms of its Partnership
Agreement after the termination of such partnership, or (ii) in the event the terms of the Partnerships are extended after the Closing Date, for an additional number of days (but in no event later than the Outside Maturity Date) equal to ninety
(90) days prior to the earliest date on which any Partnership term expires, as set forth in written extension documents delivered to the Agent by the MidOcean Entities; provided, further that, in either case, the satisfaction of
such condition set forth in (i) or (ii) shall be acknowledged in writing by the Agent. 
 “Revolving Loan Commitment
Percentage”: with respect to each Lender, the percentage equivalent of the ratio which such Lender’s Revolving Loan Commitment bears to the aggregate Revolving Loan Commitment. 

“Revolving Note”: as defined in Section 2.1(d). 

  
 - 18 - 

 “Secured Parties”: collectively, the Agent, the Lenders and each counterparty to
a Lender Hedging Agreement (including a Person who was a Lender at the time such Hedging Agreement was entered into). 
 “Senior
Lender”: City National Bank. 
 “Senior Credit Agreement”: that certain Amended and Restated Loan and Security
Agreement dated as of December 23, 2010 by and between the Borrower and the Senior Lender, as the same may be amended, restated, modified or supplemented in accordance with the terms hereof and the Subordination Agreement. 

“Senior Debt Documents”: the Senior Credit Agreement and each security agreement, pledge agreement, mortgage or other
security document, each guarantee and all agreements, documents and instruments executed and/or delivered pursuant thereto or in connection therewith, as the same may be amended, restated, modified or supplemented in accordance with the terms hereof
and the Subordination Agreement. 
 “Senior Indebtedness”: the Indebtedness outstanding under the Senior Debt Documents.

 “Shareholder Guarantee”: a guarantee made by a Shareholder Guarantor in favor of the Agent, for the benefit of the
Lenders, in form and substance reasonably satisfactory to the Agent, as the same may be amended, restated, modified or supplemented in accordance with the terms hereof. 

“Shareholder Guarantors”: the “Management” Guarantors and the “Freshpet Investors” Guarantors set forth
on Schedule 1.1(a). 
 “Single Employer Plan”: any Plan which is covered by Title IV of ERISA, but which is not a
Multiemployer Plan. 
 “Solvent”: with respect to any Person on a particular date, that, at fair valuations, the sum of
such Person’s assets is greater than all of such Person’s debts. 
 “Subordinated Debt”: Indebtedness of Borrower
that is on terms and conditions (including payment terms, interest rates, covenants, remedies, defaults and other material terms) satisfactory to the Agent and which (a) has been expressly subordinated in right of payment to all Obligations by
the execution and delivery of a subordination agreement, in form and substance satisfactory to the Agent, in its sole discretion, prior to the incurrence of such indebtedness and (b) if such Indebtedness is secured by a Lien, such Lien is
expressly subordinated to the Liens granted to Agent by the execution and delivery of a subordination agreement, in form and substance satisfactory to the Agent, in its sole discretion, prior to the creation of such Lien. 

“Subordination Agreement”: the Subordination Agreement dated as of the date hereof between the Agent and the Senior Lender,
as the same may be amended, restated, modified or supplemented in accordance with the terms hereof. 
 “Subsidiary”: as to
any Person at any time of determination, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests 

  
 - 19 - 

 
having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors
or other managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries or Subsidiaries, or both, by such Person. Unless
otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Borrower. 

“Subsidiary Guarantee”: the Subsidiary Guarantee made by each Subsidiary in favor of the Agent, for the benefit of the
Lenders, in form and substance reasonably satisfactory to the Agent, as the same may be amended, restated, modified or supplemented in accordance with the terms hereof. 

“Supporting Obligation”: a letter-of-credit right or secondary obligation that supports the payment or performance of an
Account, chattel paper, document, General Intangible, instrument, or Investment Property. 
 “Taxes”: as defined in
Section 2.12 hereof. 
 “Termination Event”: (a) a Reportable Event, (b) the institution of proceedings to
terminate a Single Employer Plan by the PBGC under Section 4042 of ERISA, (c) the appointment by the PBGC of a trustee to administer any Single Employer Plan or (d) the existence of any other event or condition that would reasonably
be expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment by the PBGC of a trustee to administer, any Single Employer Plan. 

“Total Debt”: as of any date of determination, without duplication, the remainder of (a) all Indebtedness for borrowed
money of such Person, determined on a consolidated basis in accordance with GAAP (other than Subordinated Debt and Preferred Stock that is not Prohibited Preferred Stock), including, in any event, but without duplication, with respect to Borrower
and its Subsidiaries, the Revolving Loans, and the amount of their Capitalized Lease Obligations, in each case exclusive of Indebtedness owed by one Loan Party to another Loan Party and any Indebtedness in respect of any of the foregoing less
(b) all cash and Cash Equivalents on the balance sheet of the Borrower and its Subsidiaries at such date. 
 “Trailing
Twelve-Month Revenues”: for the Borrower and its Subsidiaries on a consolidated basis, for the fiscal quarter most recently ended and the immediately preceding three fiscal quarters, consolidated gross revenue. 

“Tranche”: the collective reference to LIBOR Loans the Interest Periods with respect to all of which begin on the same date
and end on the same later date (whether or not such LIBOR Loans shall originally have been made on the same day). 

“Transferee”: as defined in Section 10.6(g) hereof. 

“Type”: as to any Revolving Loan, its nature as a Base Rate Loan or a LIBOR Loan. 

  
 - 20 - 

 “UCC”: the Uniform Commercial Code as in effect in the State of New York or any
other applicable jurisdiction. 
 1.2 Other Definitional Provisions. (a) Unless otherwise specified therein, all terms defined
in this Agreement shall have the defined meanings when used in any other Loan Document or any certificate or other document made or delivered pursuant hereto or thereto. 

(b) As used herein, in any other Loan Document, and in any certificate or other document made or delivered pursuant hereto or thereto,
accounting terms not defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP. Unless otherwise provided herein, all financial
calculations made with respect to the Borrower for the purpose of determining compliance with the terms of this Agreement shall be made on a consolidated basis and in accordance with GAAP. 

(c) The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall
refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, subsection, Schedule and Exhibit references are to this Agreement unless otherwise specified. The words “include,” “includes”
and “including” shall be deemed to be followed by the phrase “without limitation”. 
 (d) Any financial ratios required
to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed in this
Agreement and rounding the result up or down to the nearest number (with a round-up if there is no nearest number) to the number of places by which such ratio is expressed in this Agreement. 

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

(f) References to agreements, other contractual instruments and other documents include all subsequent amendments and other modifications to
such agreement and documents, but only to the extent such amendments and other modifications are not prohibited by the terms of any Loan Document. 
  

	SECTION 2.	AMOUNT AND TERMS OF REVOLVING LOANS; COMMITMENT AMOUNTS 

 2.1 Revolving Loans; Revolving Loan
Commitments. (a) Effective as of the Restatement Closing Date, upon satisfaction of the conditions precedent set forth in Section 4.1, all “Revolving Loans” (as defined in the Existing Credit Agreement) outstanding under the
Existing Credit Agreement shall be deemed outstanding under this Agreement. All Interest Periods for LIBOR Loans, if any, that have commenced and are continuing under the Existing Credit Agreement shall be deemed to have been elected pursuant to and
outstanding under this Agreement, in each case with same remaining term as existing immediately prior to the Restatement Closing Date. 

  
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 (b) Subject to the terms and conditions hereof, each Lender severally agrees to make loans on a
revolving credit basis to the Borrower from time to time from and including the Restatement Closing Date to but excluding the Revolving Loan Commitment Expiration Date (each a “Revolving Loan,” and collectively, the
“Revolving Loans”) in accordance with the terms of this Agreement; provided, however, that the aggregate principal amount of all Revolving Loans outstanding shall not exceed the Maximum Revolving Amount at any time.
Within the limits of each Lender’s Revolving Loan Commitment and the Maximum Revolving Amount, the Borrower may borrow, prepay and reborrow Revolving Loans. 

With respect to each Lender, the principal amount of each Revolving Loan to be made by such Lender shall be in an amount equal to the product
of (i) such Lender’s Revolving Loan Commitment Percentage (expressed as a fraction) and (ii) the total amount of the Revolving Loan(s) requested; provided that in no event shall any Lender be obligated to make a Revolving Loan
if after giving effect to such Revolving Loan the sum of such Lender’s Revolving Loans outstanding would exceed its Revolving Loan Commitment or if such Lender’s Revolving Loan Commitment Percentage of such requested Revolving Loan is in
excess of such Lender’s Available Revolving Loan Commitment. 
 (c) Subject to Sections 2.9 and 2.10, the Revolving Loans may from time
to time be (i) LIBOR Loans, (ii) Base Rate Loans or (iii) a combination thereof, as determined by the Borrower and notified to the Agent in accordance with either Section 2.1(d) or 2.4. Notwithstanding any provision in this
Agreement to the contrary, all Revolving Loans borrowed on the Closing Date shall be Base Rate Loans, subject to conversion in accordance with Section 2.4. 

(d) Each Lender shall maintain in its internal records an account or accounts evidencing the Indebtedness of the Borrower to such Lender,
including the amounts of the Revolving Loans made by it and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided, failure to make any such
recordation, or any error in such recordation, shall not affect any Lender’s Revolving Loan Commitment or the Borrower’s Obligations in respect of any Revolving Loans; and provided further, in the event of any inconsistency between the
Register and any Lender’s records, the recordations in the Register shall govern. If so requested by any Lender by written notice to the Borrower (with a copy to the Agent), the Borrower shall execute and deliver to such Lender a promissory
note of the Borrower, substantially in the form of Exhibit A (a “Revolving Note”) to evidence such Lender’s Revolving Loans. 

(e) The Borrower shall give the Agent irrevocable written notice, substantially in the form of a Borrowing Notice (which notice must be
received by the Agent prior to 10:00 a.m., Los Angeles time, at least one Business Day prior to the proposed borrowing date or, if all or any part of the Revolving Loans are requested to be made as LIBOR Loans, at least three (3) Eurodollar
Business Days prior to the proposed borrowing date) requesting that the Lenders make Revolving Loans on the proposed borrowing date and specifying (i) the aggregate amount of Revolving Loans requested to be made, (ii) subject to Sections
2.9 and 2.11, whether the Revolving Loans are to be LIBOR Loans, Base Rate Loans or a combination thereof and (iii) if the Revolving Loans are to be entirely or partly LIBOR Loans, the respective amounts of each such Type of Revolving Loan and
the respective lengths of the initial Interest Periods therefor. 

  
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Notwithstanding the foregoing, such notice may be given by telephone, provided it is promptly confirmed on the same day in writing by delivery to the Agent of a written notice, substantially in
the form of a Borrowing Notice. Upon receipt of such notice, the Agent shall promptly notify each Lender thereof on the date of receipt of such notice. On the proposed borrowing date, not later than 10:00 a.m., Los Angeles time, each Lender shall
make available to the Agent the amount of such Lender’s pro rata share of the aggregate borrowing amount (as determined in accordance with the second paragraph of Section 2.1(a)) in immediately available funds by wiring such amount to such
account as the Agent shall specify. The Agent may, in the absence of notification from any Lender that such Lender has not made its pro rata share available to the Agent on such date, credit the account of the Borrower on the books of the Agent (or
credit such other account as the Borrower shall instruct the Agent in writing) with the aggregate amount of Revolving Loans. 
 (f) Neither
the Agent nor any Lender shall be responsible for the obligations or Revolving Loan Commitment of any other Lender hereunder, nor will the failure of any Lender to comply with the terms of this Agreement relieve any other Lender or the Borrower of
its obligations under this Agreement. In the event that, at any time when the conditions set forth for borrowing in Section 4.2 have been satisfied, a Lender for any reason fails or refuses to fund its portion of a borrowing hereunder (a
“Defaulting Lender”), then, until such time as such Lender has funded its portion of such borrowing, such Defaulting Lender shall not have the right (i) to vote regarding any issue on which voting is required under this
Agreement or any other Loan Document, and the amount of the Commitments and Loans of such Lender shall not be counted as outstanding for purposes of determining issues requiring the vote or consent of all “Lenders” or “Majority
Lenders” hereunder or (ii) to receive payments of principal, interest or fees in respect of such Lender’s unfunded borrowing. If the Agent shall fund any Revolving Loan of a Defaulting Lender in accordance with Section 2.1(d) (it
being agreed that the Agent shall have no obligation to do so), then such Lender shall be obligated to immediately repay such Revolving Loan to the Agent, with interest thereon at the Federal Funds Effective Rate for each day from the date of
funding by the Agent until such amount is paid in full. If such amount is not paid by the Defaulting Lender within two (2) Business Days, then the Borrower shall be obligated to thereupon repay such amount to the Agent with interest thereon at
the applicable rate specified in Section 2.6. 
 (g) The Revolving Loan Commitment of each Lender shall terminate on the Revolving Loan
Commitment Expiration Date. 
 (h) Subject to Section 2.3(b), all outstanding Revolving Loans shall be due and payable on the Revolving
Loan Commitment Expiration Date. 
 2.2 Optional Prepayments; Optional Commitment Reductions. Upon at least three (3) Business
Days’ irrevocable written notice in the case of LIBOR Loans and upon at least one Business Day’s irrevocable written notice in the case of Base Rate Loans, from the Borrower to the Agent, specifying the date and amount of prepayment and/or
commitment reduction and, if a prepayment, whether the prepayment is of LIBOR Loans, Base Rate Loans or a combination thereof and, if of a combination thereof, the amount allocable to each, the Borrower may at any time and from time to time, subject
to Section 2.13, prepay the Revolving Loans and/or permanently reduce the aggregate Revolving Loan Commitment, in whole or in part. Upon 

  
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receipt of any such notice from the Borrower, the Agent shall promptly notify each Lender thereof. If any such notice is given, the amount specified in such notice shall be due and payable by the
Borrower on the date specified therein, together with accrued interest to such date on the amount prepaid. Partial prepayments of Revolving Loans shall be in the aggregate principal amount of $500,000 or an integral multiple of $100,000 in excess
thereof. Upon any permanent reduction in the aggregate Revolving Loan Commitments as contemplated by this Section 2.2, 2.3(b) or Section 6.5(a), each Covered Amount shall be deemed reduced by a proportionate amount on a pro rata basis for
each Guarantor set forth on Schedule 1.1(a) as calculated by the Agent and the Agent may, at its election, attach, and circulate to the Borrower and the Lenders, a replacement Schedule 1.1(a) to this Agreement reflecting such reduced amounts which
shall thereafter be deemed the applicable Schedule 1.1(a). 
 2.3 Mandatory Prepayments; Mandatory Commitment Reductions. 

(a) If at any time the aggregate principal amount of all Revolving Loans outstanding exceeds the applicable Maximum Revolving Amount, then the
Borrower shall immediately, without notice or request by the Agent, prepay the Revolving Loans in an aggregate amount equal to such excess; provided that any such excess caused by the existence of one or more Non-Compliant Guarantors shall be
subject to Section 7.2. 
 (b) The Revolving Loan Commitments shall automatically and permanently reduce on each of the last day of
each calendar quarter set forth below, commencing with the calendar quarter ending December 31, 2014 (each, a “Reduction Date”), in each case by the applicable percentage set forth below of the aggregate Revolving Loan
Commitment in effect immediately prior to such reduction: 
  

					
	 Reduction Date
	  	Percentage	 
		
	 December 31, 2015
	  	 	[12.50	]% 
		
	 March 31, 2015 through September 30, 2016
	  	 	3.125	% 
		
	 December 31, 2016 and each quarter thereafter
	  	 	3.750	% 

 Notwithstanding the foregoing, any voluntary reduction in the aggregate Revolving Loan Commitment made by the
Borrower pursuant to Section 2.2 shall reduce the amount by which the Aggregate Revolving Loan Commitment must be reduced pursuant to this Section 2.3(b) by a corresponding amount (such amount, a “Reduction Credit”), such
Reduction Credit to be applied to such remaining Reduction Date(s) as the Borrower shall indicate in writing to the Agent, provided that if the Borrower fails to indicate such application, then the Reduction Credit shall be applied to the remaining
Reduction Dates in inverse order of maturity. 
 If upon any reduction set forth above, the aggregate principal amount of all Revolving
Loans outstanding exceeds the Maximum Revolving Amount, then the Borrower shall immediately, without notice or request by the Agent, prepay the Revolving Loans in an 

  
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aggregate amount equal to such excess. Each such prepayment shall be accompanied by payment in full of all accrued interest and, if applicable, accrued commitment fees thereon to and including
the date of such prepayment, together with any additional amounts owing pursuant to Section 2.14. No such amounts shall be available for reborrowing. 

2.4 Conversion and Continuation Options. (a) The Borrower may elect from time to time to convert LIBOR Loans to Base Rate Loans,
by the Borrower giving the Agent at least two (2) Business Days’ prior irrevocable written notice of such election pursuant to a Continuation Notice, provided that any such conversion of LIBOR Loans may only be made on the last day
of an Interest Period with respect thereto. Subject to Sections 2.9 and 2.11 and so long as no Event of Default shall have occurred and is then continuing, the Borrower may elect from time to time to convert Base Rate Loans to LIBOR Loans by the
Borrower giving the Agent at least three (3) Eurodollar Business Days’ prior irrevocable written notice of such election pursuant to a Continuation Notice. Any such notice of conversion to LIBOR Loans shall specify the length of the
initial Interest Period or Interest Periods therefor. All or any part of outstanding LIBOR Loans and, subject to Sections 2.9 and 2.11, Base Rate Loans, may be converted as provided herein, provided that (i) any such conversion may only
be made if, after giving effect thereto, Section 2.5 shall not have been contravened and (ii) no such Revolving Loan may be converted into a LIBOR Loan after the date that is one month prior to the Revolving Loan Commitment Expiration
Date. 
 (b) Any LIBOR Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the
Borrower giving notice to the Agent, in accordance with the applicable provisions of the term “Interest Period” set forth in Section 1.1, of the length of the next Interest Period to be applicable to such LIBOR Loan, provided
that no LIBOR Loan may be continued as such (i) if, after giving effect thereto, Section 2.5 would be contravened, (ii) after the date that is one month prior to the Revolving Loan Commitment Expiration Date or (iii) if an Event
of Default shall have occurred and be continuing unless the Agent consents, and provided, further, that if the Borrower shall fail to give any required notice as described above in this Section or if such continuation is not permitted
pursuant to the preceding proviso, such Revolving Loans shall be automatically converted to Base Rate Loans on the last day of such then-expiring Interest Period. 

2.5 Minimum Amounts of Tranches; Minimum Borrowings. All borrowings, conversions and continuations of LIBOR Loans hereunder and all
selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Loans comprising each Tranche shall be equal to $1,000,000
or a whole multiple of $100,000 in excess thereof and, in any case, there shall not be more than six Tranches, unless otherwise agreed to by the Agent in its sole discretion. All borrowings of Base Rate Loans shall be in a minimum amount of $500,000
or a whole multiple of $100,000 in excess thereof, unless otherwise agreed to by the Agent in its sole discretion. 
 2.6 Interest Rates
and Payment Dates. 
 (a) Each Revolving Loan shall (i) if a LIBOR Loan, bear interest for each day during each Interest Period
with respect thereto at a rate per annum equal to the LIBOR Adjusted Rate plus 3.25% and (ii) if a Base Rate Loan, bear interest at a rate per annum equal to the Base Rate plus 2.25%. 

  
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 (b) If any Event of Default shall have occurred and be continuing, all amounts outstanding
hereunder shall, at the election of the Majority Lenders in their sole discretion, bear interest at a rate per annum equal to the rate determined pursuant to Section 2.6(a) plus 2% per annum, from the date of the occurrence of such
Event of Default until such Event of Default is no longer continuing (after as well as before judgment). 
 (c) Interest shall be payable in
arrears on each Interest Payment Date; provided, however, that interest accruing pursuant to paragraph (b) of this Section shall be payable on demand. 

2.7 Computation of Interest and Fees. Interest on LIBOR Loans shall be calculated on the basis of a year of three hundred sixty
(360) days, for the actual days elapsed, and interest on Base Rate Loans and all other Obligations shall be calculated on the basis of a year of 365/366 days, for the actual days elapsed. Each determination of an interest rate by the Agent
pursuant to any provision of this Agreement shall be conclusive and binding on the Borrower and the Lenders in the absence of manifest error. 

2.8 Inability to Determine Interest Rate. In the event that, prior to the first day of any Interest Period, (a) the Agent shall
have determined (which determination shall be conclusive and binding upon the Borrower absent manifest error) that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the LIBOR
Adjusted Rate for such Interest Period or (b) the Agent shall have received notice from the Majority Lenders acting that the LIBOR Adjusted Rate determined or to be determined for such Interest Period will not adequately and fairly reflect the
cost to such Lenders (as conclusively certified by such Lenders) of making or maintaining their affected Revolving Loans during such Interest Period, the Agent shall give telecopy or telephonic notice thereof to the Borrower and the Lenders as soon
as practicable thereafter. If such notice is given, (i) any LIBOR Loans requested to be made on the first day of such Interest Period shall accrue interest at the Base Rate, (ii) Revolving Loans that were to have been converted on the
first day of such Interest Period to LIBOR Loans shall be continued as Base Rate Loans and (iii) any outstanding LIBOR Loans shall be converted, on the first day of such Interest Period, to Base Rate Loans. Until such notice has been withdrawn
by the Agent, no further LIBOR Loans shall be made or continued as such, nor shall the Borrower have the right to convert Base Rate Loans to LIBOR Loans. 

2.9 Pro Rata Treatment and Payments. Each payment (including each prepayment) by the Borrower on account of principal of and interest
on the Revolving Loans shall be made pro rata according to the respective Revolving Commitment Percentages then held by the Lenders. All payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal,
interest, fees or otherwise, shall be made without setoff, deduction or counterclaim and shall be made prior to 11:00 a.m., Los Angeles time, on the due date thereof to the Agent, for the account of the Lenders, at its office specified in
Section 10.2, in Dollars and in immediately available funds. The Agent shall distribute such payments to the applicable Lenders promptly upon receipt in like funds as received. If any payment hereunder (other than payments on the LIBOR Loans)
becomes due and payable on a day other than a Business Day, such 

  
 - 26 - 

 
payment shall be extended to the next succeeding Business Day, and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. If
any payment on a LIBOR Loan becomes due and payable on a day other than a Eurodollar Business Day, the maturity thereof shall be extended to the next succeeding Eurodollar Business Day (and interest shall continue to accrue thereon at the applicable
rate) unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Eurodollar Business Day. The Borrower authorizes the Agent to debit any of
its bank accounts with the Agent or to make a draw of Revolving Loans for the purpose of effecting payment of principal, interest or other costs and expenses payable by the Borrower to the Agent or any Lender under this Agreement. 

2.10 Illegality. Notwithstanding any other provision herein, if any Lender determines that any Requirement of Law has made it unlawful,
or that any Governmental Authority has asserted that it is unlawful for such Lender to maintain LIBOR Loans as contemplated by this Agreement, (a) the commitment of such Lender hereunder to continue LIBOR Loans as such and convert Base Rate
Loans to LIBOR Loans shall forthwith be suspended during such period of illegality and (b) the Revolving Loans of such Lender then outstanding as LIBOR Loans, if any, shall be converted automatically to Base Rate Loans on the respective last
days of the then current Interest Periods with respect to such Revolving Loans or within such earlier period as required by law. If any such conversion of a LIBOR Loan occurs on a day which is not the last day of the then current Interest Period
with respect thereto, the Borrower shall pay to such Lender such amounts, if any, as may be required pursuant to Section 2.13. To the extent that a Lender’s LIBOR Loans have been converted to Base Rate Loans pursuant to this
Section 2.10, all payments and prepayments of principal that otherwise would be applied to such Lender’s LIBOR Loans shall be applied instead to its Base Rate Loans. 

2.11 Increased Costs. (a) If any Change in Law shall: 

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

(ii) subject the Agent or any Lender to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses
(b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or

 (iii) impose on any Lender or the London interbank market any other condition, cost or expense (other than Taxes)
affecting this Agreement or Revolving Loans made by such Lender; 
 and the result of any of the foregoing shall be to increase the cost to the Agent or
such Lender of making, converting to, continuing or maintaining any Revolving Loan or of maintaining its obligation to make any such Revolving Loan, or to reduce the amount of any sum received or receivable by the Agent or such Lender hereunder
(whether of principal, interest or any other 

  
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amount) then, upon request of the Agent or such Lender, the Borrower will pay to the Agent or such Lender, as the case may be, such additional amount or amounts as will compensate the Agent or
such Lender, as the case may be, for such additional costs incurred or reduction 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 or would have the effect of reducing the rate of return on such Lender’s capital
or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement, the Revolving Loan Commitments of such Lender or the Revolving Loans made by such Lender, to a level below that which such Lender or such
Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy), then from time to time the
Borrower will pay to such Lender, as the case may be, 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 or its holding company, as the case may
be, as specified in paragraph (a) or (b) of this Section and delivered to the Borrower, shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within ten (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 incurred or reductions suffered more than
nine months 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 (except that, if the Change in Law giving
rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof). 

2.12 Taxes. All payments made by the Borrower in respect of the Obligations shall be made free and clear of, and without deduction or
withholding for or on account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority
or any political subdivision or taxing authority thereof or therein, other than Excluded Taxes (all such non-Excluded Taxes being hereinafter called “Taxes”). If any Taxes are required to be withheld from any amounts payable to the
Agent or any Lender in respect of the Obligations, then, except to the extent attributable to the gross negligence or willful delay of the Agent or any Lender, the amounts so payable to the Agent or such Lender shall be increased to the extent
necessary to yield to the Agent or such Lender (after payment of all Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts specified in this Agreement. The Borrower agrees to indemnify the Agent and the Lenders
for the full amount of Taxes (including any Taxes imposed or asserted by any Governmental Authority on amounts payable under this Section), paid by the Agent and/or any Lender. 

  
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Whenever any Taxes are payable by the Borrower, as promptly as possible thereafter, the Borrower shall send to the Agent a copy of an original official receipt received by the Borrower showing
payment thereof or such other evidence of payment reasonably satisfactory to the Agent. If the Borrower fails to pay any Taxes when due to the appropriate taxing authority or fails to remit to the Agent the required receipts or other required
documentary evidence, the Borrower shall indemnify the Agent and each Lender for any incremental taxes, interest or penalties, except to the extent attributable to the gross negligence or willful delay of the Agent or any Lender (and related
reasonable fees and expenses of counsel) that may become payable by the Agent or any Lender as a result of any such failure. The agreements in this Section shall survive the termination of this Agreement and the payment of the Revolving Loans and
all other Obligations. 
 2.13 Indemnity. The Borrower agrees to indemnify each Lender and to hold each Lender harmless from and to
pay each Lender on demand the amount of any liability, loss or expense arising from the reemployment of funds obtained by it or from fees payable to terminate the deposits from which such funds were obtained (including reasonable fees and expenses
of counsel) which such Lender may sustain or incur as a consequence of (a) default by the Borrower in payment when due of the principal amount of or interest on any LIBOR Loan, (b) default by the Borrower in making a borrowing of,
conversion into or continuation of LIBOR Loans after the Borrower has given a notice requesting the same in accordance with the provisions of this Agreement, (c) default by the Borrower in making any prepayment after the Borrower has given a
notice thereof in accordance with the provisions of this Agreement or (d) the making by the Borrower of a prepayment or conversion of LIBOR Loans on a day which is not the last day of an Interest Period with respect thereto (including any
prepayment required as a result of acceleration of the Revolving Loans under Article 7). Such Lender’s certificate as to such liability, loss or expense shall be deemed conclusive, absent manifest error. This covenant shall survive the
termination of this Agreement and the payment of the Revolving Loans and all other Obligations. 
 2.14 Mitigation of Costs. If any
Lender, by taking any reasonable action, so long as making such change or taking such other action is not disadvantageous to it in any financial, regulatory or other respect, can mitigate any adverse effect on the Borrower under Section 2.11 or
2.13, such Lender shall take such action. 
 2.15 Unused Commitment Fee. The Borrower agrees to pay to the Agent, for the account of
the Lenders, an unused commitment fee for the period from and including the Closing Date to but excluding the Revolving Loan Commitment Expiration Date, based on the aggregate amount, for each day during such period, of the Available Revolving Loan
Commitments, and computed at a rate equal to (i) 1.00%, if average usage during such period is less than 25%, (ii) 0.75%, if average usage during such period is greater than or equal to 25% but less than 50%, (iii) 0.50%, if average
usage during such period is greater or equal to 50% but less than 75% and (iv) 0.00%, if average usage during such period is greater than 75%. 

Such unused commitment fee shall be payable in installments quarterly in arrears on the last Business Day of each March, June, September and
December and on the Revolving Loan Commitment Expiration Date. 

  
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 2.16 Increase of Revolving Commitments. (a) The Borrower may, by written notice to
the Agent (a “Commitment Increase Notice”), at any time request increases of the aggregate Revolving Commitment (a “Revolving Commitment Increase”); provided that (i) the aggregate amount of Revolving
Commitment Increases occurring after the Restatement Closing Date shall not result, at any time, in aggregate Revolving Loan Commitments in excess of $60,000,000 (unless the Majority Lenders shall otherwise commit in writing); (ii) each
exercise of the increase request option shall be in a minimum principal amount of not less than $5,000,000; and (iii) no such increase may be requested when a Default or Event of Default has occurred and is continuing. Each such notice shall
specify (A) the date (each, an “Increased Amount Date”) on which Borrower proposes that the Revolving Commitment Increase shall be effective and (B) the requested amount of such increase. Notwithstanding any term of this
Agreement to the contrary, neither the Agent nor any Lender shall be deemed to have committed to any Revolving Commitment Increase unless such Lender executes and delivers an Increased Commitment Letter (as defined below); for the avoidance of
doubt, any Lender may accept or decline to provide a Revolving Commitment Increase in its sole discretion. 
 (b) Upon receipt of a
Commitment Increase Notice, the Agent shall forward a copy thereof to each Lender, and each Lender shall have the right, but not the obligation, to participate in such increase in an amount equal to its pro rata share, immediately prior to the
effectiveness of any such increase, in the Revolving Loan Commitments. Any Lender electing to participate in such increase must forward its written commitment therefor (an “Increased Commitment Letter”) to the Agent within five
(5) Business Days of delivery of such notice. (The failure of a Lender to deliver an Increased Commitment Letter to the Agent within such time period shall be deemed a rejection by such Lender of the option to participate in such Revolving
Commitment Increase. 
 (c) In the event that the Revolving Commitment Increase requested by the Borrower is not fully committed to by
existing Lenders, the Borrower may designate one or more new Lenders (each, a “New Lender”), approved by the Agent (such approval not to be unreasonably withheld or delayed) to provide the amount of such unallocated excess Revolving
Commitment Increase. Each New Lender shall become a Lender pursuant to a joinder agreement substantially in the form attached as Exhibit G (a “New Lender Joinder”) hereto or otherwise in form and substance satisfactory to the Agent.
Subject to the foregoing, final allocations with respect to any Revolving Commitment Increase shall be determined by the Borrower and the Agent. 
  

	SECTION 3.	REPRESENTATIONS AND WARRANTIES 

 To induce the Agent and the Lenders to enter into this
Agreement and to make the Revolving Loans, the Borrower hereby represents and warrants to the Agent and the Lenders that: 
 3.1
Financial Condition. Each of the Financial Statements (i) is complete and correct in all material respects, is consistent with the books and records of the Borrower (which are accurate and complete in all material respects);
(ii) accurately and completely, in all material respects, presents the financial condition, assets, and liabilities of the Borrower as of its respective date and the results of operations, changes in owners’ equity, and cash flows for the

  
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applicable period; and (iii) has been prepared in accordance with GAAP consistently applied throughout the periods covered thereby. As of the Restatement Closing Date, neither the Borrower
nor any of its Subsidiaries has any contingent liability or liability for taxes, long-term lease or unusual forward or long-term commitment that is not reflected in the Financial Statements or the notes thereto. Since December 31, 2011, there
has been no event or condition resulting in a Material Adverse Effect. 
 3.2 Corporate Existence; Compliance with Law, Etc. Each
Loan Party (a) is duly organized, validly existing and in good standing (or the local equivalent) under the laws of the jurisdiction of its organization, (b) has the corporate, partnership or limited liability company power, as the case
may be, and authority, and the legal right, to own and operate its Properties, to lease the property it operates as lessee and to conduct the business in which it is currently engaged and in which it proposes to be engaged after the Closing Date,
(c) is duly qualified as a foreign entity and in good standing under the laws of each jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification, each of which jurisdictions is,
as of the Restatement Closing Date, set forth on Schedule 3.2 hereto and (d) is in compliance in all material respects with all applicable material Requirements of Law, except in the case of clauses (b), (c) and (d) where the failure
to be so would not reasonably be expected to have a Material Adverse Effect. 
 3.3 Corporate Power; Authorization; Consents; Enforceable
Obligations. (a) Each Loan Party has the corporate, partnership or limited liability company power, as the case may be, and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is or will be a party,
and to borrow hereunder (in the case of the Borrower), and the Borrower has taken all necessary corporate, partnership or limited liability action, as applicable, to authorize (i) the borrowings on the terms and conditions of this Agreement and
(ii) the execution, delivery and performance of the Loan Documents to which it is or will be a party. 
 (b) No consent or
authorization of, filing with or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the borrowings hereunder or the execution, delivery and performance by the Loan Parties or the validity or
enforceability against the each of the Loan Parties of this Agreement and the other Loan Documents to which it is a party except for any consent, authorization, filing or other act which has been made or obtained and is in full force and effect.
This Agreement has been, and each of the other Loan Documents to which each of the Loan Parties is or will be a party will be, duly executed and delivered by it. This Agreement constitutes, and each of the other Loan Documents when executed and
delivered will constitute, a legal, valid and binding obligation of each of the Loan Parties (to the extent such Loan Party is a party thereto) enforceable against it in accordance with its terms, except as enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 

3.4 No Legal Bar. The execution, delivery and performance of this Agreement and the other Loan Documents, the borrowings hereunder and
the use of the proceeds thereof, will not violate in any material respect any Requirement of Law applicable to any of the Loan Parties or material Contractual Obligation of any of the Loan Parties, and will not result in, or require, 

  
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the creation or imposition of any Lien on any of its properties or revenues pursuant to any such Requirement of Law or such material Contractual Obligation, except as permitted by to the Loan
Documents. 
 3.5 No Material Litigation. Except as set forth in Schedule 3.5, there are no actions, suits, proceedings, claims or
disputes pending or, to the knowledge of the Loan Parties after due investigation, threatened, at law, in equity, in arbitration or before any Governmental Authority, by or against any Loan Party or against any of their properties or revenues that
(a) purport to affect or pertain to this Agreement, any other Loan Document, or (b) either individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. 

3.6 Ownership of Property; Liens; Condition of Properties. Each of the Loan Parties has good and marketable title to all Properties
purported to be owned thereby, free and clear of any Liens, except those permitted by Section 6.3 or where the failure to do so would reasonably be expected to have a Material Adverse Effect. None of the Loan Parties has used (or permitted the
filing of any financing statement under) any legal or operating name at any time during the five years immediately preceding the execution of this Agreement, except as identified on Schedule 3.6. 

3.7 Environmental Matters. (a) Each item of real Property owned, leased or occupied by the Borrower or any Subsidiary, and all
operations at the real Properties owned, leased or occupied by the Borrower or any Subsidiary, are in compliance with all applicable Environmental Laws, except for such noncompliance that could not reasonably be expected to have a Material Adverse
Effect. 
 (b) There is no contamination at, under or about such Properties, or violation of any Environmental Law with respect to such
Properties or the business conducted at such Properties which involves a matter or matters which has caused or could reasonably be expected to cause a Material Adverse Effect. 

(c) No Loan Party has received any notice from any Governmental Authority of violation, alleged violation, non-compliance, liability or
potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Properties or the business conducted at the Properties, nor does the Borrower have knowledge that any such notice will be received or
is being threatened. 
 (d) No judicial proceedings or governmental or administrative action is pending, or, to the knowledge of the
Borrower, threatened, under any Environmental Law to which any Loan Party is named as a party with respect to the Properties or the business conducted at the Properties, nor are there any consent decrees or other decrees, consent orders,
administrative orders or other orders, or other administrative or judicial requirements outstanding under any Environmental Law with respect to such Properties or such business that could reasonably be expected to have a Material Adverse Effect.

 3.8 Intellectual Property. Each of the Loan Parties owns, or holds licenses in, all trademarks, trade names, copyrights, patents,
patent rights, and licenses that are necessary to the conduct of its business as currently conducted, and attached hereto as Schedule 3.8 (as updated 

  
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from time to time) is a true, correct, and complete listing of all material patents, patent applications, trademarks, trademark applications, copyrights, and copyright registrations as to which
such Loan Party is the owner or is an exclusive licensee. 
 3.9 Taxes. Each of the Loan Parties has filed or caused to be filed all
tax returns which are required to be filed by it and has paid all material taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all other material taxes, fees or other charges imposed on
it or any of its property by any Governmental Authority (other than any not yet delinquent or the amount or validity of which are currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity
with GAAP have been provided on the books of the applicable Loan Party); and no tax Lien has been filed, and no claim is being asserted with respect to any such material tax, fee or other charge. 

3.10 Federal Regulations. No Revolving Loan and no part of the proceeds thereof will be used, directly or indirectly, for
“purchasing” or “carrying” any Margin Stock within the respective meanings of each of the quoted terms under Regulation U or for any purpose which violates the provisions of the Regulations of the Board of Governors of the
Federal Reserve System. If requested by the Agent, the Borrower will furnish to the Agent a statement to the foregoing effect in conformity with the requirements of Form U-1 referred to in Regulation U.

 3.11 ERISA Compliance. None of the Borrower, any of its Subsidiaries, or any of their ERISA Affiliates maintains or contributes to
any Benefit Plan. 
 3.12 Investment Company Act. None of the Loan Parties is required to be registered as an “investment
company”, within the meaning of the Investment Company Act of 1940, as amended (the “Investment Company Act”). 
 3.13
Subsidiaries. As of the Restatement Closing Date, the Borrower has no Subsidiaries other than as set forth on Schedule 3.13. 

3.14 Purpose of Revolving Loans. The proceeds of the Revolving Loans are intended to be and shall be used by the Borrower for working
capital and general corporate purposes of the Borrower and its Subsidiaries, including for constructing and renovating the Plant, the purchase of equipment and advertising expenses and paying fees and expenses incurred in connection with this
Agreement. 
 3.15 Accuracy and Completeness of Information. All factual information (taken as a whole) furnished by or on behalf of
Borrower or its Subsidiaries in writing to the Agent (including all information contained in the Schedules hereto or in the other Loan Documents) for purposes of or in connection with this Agreement, the other Loan Documents, or any transaction
contemplated herein or therein is, and all other such factual information (taken as a whole) hereafter furnished by or on behalf of Borrower or its Subsidiaries in writing to the Agent will be, true and accurate, in all material respects, on the
date as of which such information is dated or certified and not incomplete by omitting to state any fact necessary to make such information (taken as a whole) not misleading in any material respect at such time in light of the circumstances under
which such information was provided. On the Closing Date, and as of the 

  
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date on which any other projections are delivered to the Agent, such projections delivered prior to the Closing Date and in the future represent Borrower’s good faith estimate of its and its
Subsidiaries’ future performance for the periods covered thereby at the time such projections were delivered (it being understood that actual results may vary from such forecasts and that such variances may be material). 

3.16 [Intentionally Omitted]. 

3.17 [Intentionally Omitted]. 

3.18 [Intentionally Omitted]. 

3.19 Capital Structure and Equity Ownership. Schedule 3.19 hereto accurately and completely discloses, as of the Restatement Closing
Date, (i) the number and classes of equity ownership rights and interests in the Borrower and each Subsidiary (whether existing as common or preferred stock, general or limited partnership interests, or limited liability company membership
interests, or warrants, options or other instruments convertible into such equity) and (ii) the ownership thereof. All such shares and interests are validly existing, fully paid and non-assessable. 

3.20 Insolvency. The Loan Parties are and, upon the making of any Revolving Loan on any date on which this representation and warranty
is made, will be, taken as a whole, Solvent. 
  

	SECTION 4.	CONDITIONS PRECEDENT 

 4.1 Conditions to Restatement Closing Date. The agreement of the
Agent and each Lender to amend and restate the Existing Credit Agreement on the terms set forth herein, and the Agreement of each Lender to make the Revolving Loans requested to be made by it on the Restatement Closing Date, if any, is subject to
the satisfaction, in each case in form and substance acceptable to the Agent, immediately prior to or concurrently with the making of any such Revolving Loans on the Restatement Closing Date, of the following conditions precedent: 

(a) Credit Agreement. The Agent shall have received this Agreement, executed and delivered by the Borrower and each Lender. 

(b) Plant Mortgage Modification. The Agent shall have received a modification to the Plant Mortgage reflecting the increased Revolving
Loan Commitments, duly executed and notarized by the Borrower and in recordable form, along with the commitment of the relevant title insurance company to issue an endorsement to the Agent’s title policy with respect to the Plant Mortgage,
insuring the continuing priority of the Agent’s Lien thereunder. 
 (c) Other Loan Documents. The Agent shall have received,
(i) with respect to the Mid-Ocean Equity Contribution Agreement and each Shareholder Guarantee, an amendment, restatement or other document acceptable to the Agent increasing the amount covered by, and reaffirming the obligations under, such
Equity Contribution Agreement or Guarantee and (ii) an amendment to the Subordination Agreement, duly executed by the Senior Lender and the Borrower. 

  
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 (d) Resolutions. The Agent shall have received a copy of the resolutions of the Board of
Directors, or similar governing body, of (i) the Borrower, authorizing this Agreement and the increased Revolving Loan Commitments and (ii) each Shareholder Guarantor that is a corporation, limited liability company or partnership,
authorizing the increase in, and reaffirmation of, its Guarantee, in each case certified by an appropriate officer of such Person, as of the Restatement Closing Date, which certificate states that the resolutions thereby certified have not been
amended, modified, revoked or rescinded and are in full force and effect. 
 (e) Organizational Documents, Etc. The Agent shall have
received (i) a certificate of an appropriate officer of the Borrower to the effect that the incumbency certificate and Organic Documents of each Loan Party delivered to the Agent in connection with the Existing Credit Agreement remain true and
correct with no amendments thereto and (ii) a certificate of the General Partner of each Mid-Ocean Entity to the effect that the Partnership Agreements (including the amendments thereto) delivered to the Agent in connection with the Existing
Credit Agreement remain true and correct with no additional amendments thereto. 
 (f) Costs. The Agent shall have received payment
or evidence of payment by the Borrower of all costs, expenses and taxes (including those payable pursuant to Section 10.5), including reasonable legal fees of Agent’s counsel to the extent requested to be paid by the Agent, accrued and
unpaid and otherwise due and payable on or before the Restatement Closing Date by the Borrower pursuant to this Agreement. 
 (g) Legal
Opinion. The Agent shall have received the executed legal opinions of (i) Kirkland & Ellis, counsel to the Loan Parties and to the MidOcean Entities and (ii) local Cayman Island counsel for the MidOcean Entities, each in form
and substance reasonably satisfactory to the Agent and dated the Restatement Closing Date. 
 (h) No Default/Representations. No
Default or Event of Default shall have occurred and be continuing on the Restatement Closing Date, and the representations and warranties contained in each certificate or other writing delivered to the Agent by any Loan Party in connection with this
Agreement prior to or on the Restatement Closing Date, except to the extent such representations and warranties expressly relate to an earlier date, shall be correct in all material respects (except for those representations and warranties that are
conditioned by materiality, which shall be true and correct in all respects) on and as of the Restatement Closing Date, and the Agent shall have received a certificate of a Responsible Officer of the Borrower to such effect dated as of the
Restatement Closing Date. 
 4.2 Conditions to Each Revolving Loan. The agreement of each Lender to make each Revolving Loan from
time to time requested to be made by it is subject to the satisfaction, immediately prior to or concurrently with the making of such Revolving Loan of the following conditions precedent: 

(a) Representations and Warranties; No Default. The following statements shall be true and the Borrower’s acceptance of the
proceeds of such Revolving Loan shall be deemed to be a representation and warranty of the Borrower, on the date of such Revolving Loan, that: 

(i) The representations and warranties contained in this Agreement, each other Loan Document and each certificate or other
writing delivered by the Borrower or any Affiliate of the Borrower to the Agent in connection herewith are correct on and as of such date in all material respects (except for those representations and warranties that are conditioned by materiality,
which shall be true and correct in all respects) as though made on and as of such date except (i) to the extent that such representations and warranties expressly relate to an earlier date and (ii) the representations and warranties made
under Section 3.1 shall be deemed to refer to the most recent financial statements furnished to the Bank pursuant to Section 5.1 hereof; and 

(ii) No Default or Event of Default has occurred and is continuing or would result from the making of the Revolving Loan to be
made on such date. 

  
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 (b) Legality. The making of such Revolving Loan shall not contravene, in any material
respect, any law, rule or regulation applicable to any Lender, the Agent, the Borrower or any other Loan Party. 
 (c) Borrowing
Notice. The Agent shall have received a Borrowing Notice pursuant to the provisions of this Agreement from the Borrower. 
  

	SECTION 5.	AFFIRMATIVE COVENANTS 

 The Borrower hereby agrees that from and after the Closing Date, so long
as any Obligation (other than contingent indemnity obligations for which no claim has been made) or Revolving Loan Commitment remains outstanding and unpaid or any other amount is due and owing to any Lender or the Agent hereunder or any other Loan
Document: 
 5.1 Financial Statements. The Borrower shall furnish to the Agent: 

(a) within one-hundred-twenty (120) days after the end of each fiscal year of the Borrower, (A) a copy of the audited consolidated
balance sheet of the Borrower and its Subsidiaries as at the end of such year and the related audited income statement, statement of shareholders’ equity and operating cash flow statement for such fiscal year, together with a narrative report
describing the operations of the Borrower and its Subsidiaries in the form prepared for presentation to senior management thereof for the applicable fiscal year with respect thereto, and (B) a report thereon without qualification or exception
by the Accountants and accompanied by a certificate signed by such Accountants, at the time of the completion of the annual audit, stating that the financial statements fairly present in all material respects the consolidated financial condition of
the Borrower as of the date thereof and for the period covered thereby; and 
 (b) not later than forty-five (45) days after the end of
each fiscal quarter of the Borrower, the unaudited consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such quarter and the related unaudited income statement and cash flow statement for such quarter and the portion of
the fiscal year through the end of such quarter, in each case in form acceptable to the Agent, and including a comparison of the results of such period with (A) the budgeted results set forth in the budget referred to in Section 5.2(b) and
(B) the same period in the prior fiscal year, all certified by a Responsible Officer or other senior officer of the Borrower as being fairly stated in all material respects (subject to normal year-end audit adjustments and the absence of
footnotes); 

  
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 all such financial statements to be complete and correct in all material respects and to be prepared in
reasonable detail and in accordance with GAAP (except for those set forth in clause (b) which shall be in the Borrower’s customary format consistent with prior practice) applied consistently throughout the periods reflected therein and
with prior periods. 
 5.2 Certificates; Other Information. The Borrower shall: 

(a) furnish to the Agent, concurrently with the delivery of the financial statements referred to in Section 5.1(a) and (b), a Covenant
Compliance Certificate with respect to such fiscal quarter or fiscal year, as the case may be; 
 (b) furnish to the Agent, as soon as
available but in any event within sixty (60) days after the beginning of each fiscal year of the Borrower, a copy of the annual operating budget for the Borrower and its Subsidiaries for such fiscal year (broken down into a monthly format), in
form and detail reasonably satisfactory to the Agent; 
 (c) furnish to the Agent, within five (5) Business Days after the same are
filed, copies of all financial statements and material reports and notices which the Borrower or any Subsidiary may make to, or file with, the Securities and Exchange Commission or any successor or analogous Governmental Authority; 

(d) furnish to the Agent promptly but, in any event, within five (5) Business Days, after the Borrower’s receipt thereof, copies of
all final financial reports (including management letters), if any, submitted to any Loan Party by the Accountants in connection with any annual or interim audit of the books thereof; 

(e) furnish to the Agent as soon as possible and in any event within five (5) Business Days after a Responsible Officer has knowledge of
the occurrence of a Default, an Event of Default or, in the good faith determination of a Responsible Officer of the Borrower, a Material Adverse Effect, setting forth the details of such Default, Event of Default or Material Adverse Effect and the
action which the Borrower proposes to take with respect thereto, if any; 
 (f) furnish to the Agent (i) as soon as possible and in any
event within five (5) Business Days after any Loan Party knows or has reason to know that any Termination Event with respect to any Plan has occurred, a statement of a Responsible Officer of the Borrower describing such Termination Event and
the action, if any, which the Borrower proposes to take with respect thereto, (ii) promptly and in any event within five (5) Business Days after receipt thereof by the Borrower, any Subsidiary or any of its or their ERISA Affiliates from
the PBGC, copies of each notice received by the Borrower, any Subsidiary or any of its or their ERISA Affiliates of the PBGC’s intention to terminate any Plan or to have a trustee appointed to administer any Plan, (iii) promptly and in any
event within five (5) Business Days after the filing thereof with the Internal Revenue Service, copies of each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) with respect to each Single Employer Plan maintained for
or covering employees of the Borrower or any of its Subsidiaries if the present value of the accrued benefits under the Plan (determined on the basis of the actuarial assumptions used in the 

  
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minimum funding calculations reflected on such Schedule B) exceeds its assets by an amount which could cause a Material Adverse Effect and (iv) promptly and in any event within five
(5) Business Days after receipt thereof by the Borrower, any Subsidiary or any of its or their ERISA Affiliates from a sponsor of a Multiemployer Plan or from the PBGC, a copy of each notice received by the Borrower, any Subsidiary or any of
its ERISA Affiliates concerning the imposition or amount of withdrawal liability under Section 4202 of ERISA or indicating that such Multiemployer Plan may enter Reorganization status under Section 4241 of ERISA in each case to the extent
such event would reasonably be expected to have a Material Adverse Effect; 
 (g) furnish to the Agent promptly after the commencement
thereof, but in any event not later than five (5) Business Days after service of process with respect thereto on, or the obtaining of knowledge by, the Borrower, notice of each action, suit or proceeding before any court or Governmental
Authority or other regulatory body or any arbitrator as to which there is a reasonable possibility of a determination that could reasonably be expected to have a Material Adverse Effect; and 

(h) furnish to the Agent promptly such additional financial and other information relating to any Loan Party as the Agent may from time to
time reasonably request. 
 5.3 Payment of Taxes. The Borrower shall, and shall cause each of its Subsidiaries to, cause all
assessments and taxes, whether real, personal, or otherwise, due or payable by, or imposed, levied, or assessed against Borrower, its Subsidiaries, or any of their respective assets to be paid in full, before delinquency or before the expiration of
any extension period, except to the extent that the validity of such assessment or tax shall be the subject of a Permitted Protest. Borrower will and will cause its Subsidiaries to make timely payment or deposit of all tax payments and withholding
taxes required of it and them by applicable laws, including those laws concerning F.I.C.A., F.U.T.A., state disability, and local, state, and federal income taxes, and will, upon request, furnish the Agent with proof satisfactory to the Agent
indicating that Borrower and its Subsidiaries have made such payments or deposits. 
 5.4 Conduct of Business and Maintenance of
Existence. The Borrower shall, and shall cause each of its Subsidiaries to, (i) continue to engage in business of the same general type as conducted by the Borrower and its Subsidiaries as of the Closing Date, (ii) preserve, renew and
keep in full force and effect its corporate or other legal existence, as applicable and (iii) comply with all Requirements of Law except for such noncompliance that would not reasonably be expected to have a Material Adverse Effect. 

5.5 Maintenance of Property; Insurance. (a) The Borrower shall, and shall cause each other Loan Party to, keep (i) the Plant
and all equipment necessary or material to the operation of its business located therein and (ii) all other property necessary to its business in good working order and condition (ordinary wear and tear and casualty excepted) except, in the
case of property referred to in clause (ii), where the failure to do so would not reasonably be expected to have a Material Adverse Effect. 

(b) The Borrower shall, and shall cause each other Loan Party to, maintain with financially sound and reputable insurance companies or
associations insurance on such of its property in at least such amounts and against such risks as are usually insured against in the 

  
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same general area by companies similar in size and engaged in the same or a similar business, and furnish to the Agent, upon request, full information as to the insurance carried. All such
policies of insurance shall (i) designate the Agent, on behalf of the Lenders, as additional insured or loss payee, as applicable, and (ii) provide that the insurance companies will give the Agent at least thirty (30) days’ prior
written notice before any such policy or policies of insurance shall be canceled. The Borrower shall deliver to the Agent insurance certificates certified by the Borrower’s insurance brokers, as to the existence and effectiveness of each policy
of insurance and evidence of payment of all premiums then due and payable therefor. 
 5.6 Inspection of Property; Books and Records;
Discussions. The Borrower shall, and shall cause each Subsidiary to, keep proper books of records and account in which full, true and correct entries in conformity with GAAP and all material applicable Requirements of Law shall be made of all
material dealings and transactions in relation to its business and activities; and upon reasonable notice and at such reasonable times during usual business hours, permit representatives of the Agent and the Lenders to visit and inspect any of its
properties and examine and make abstracts from any of its books and records at any reasonable time and to discuss the business, operations, properties and financial and other condition of the Borrower and its Subsidiaries with officers of the
Borrower and its Subsidiaries and with its Accountants. 
 5.7 Use of Proceeds. The Borrower will use the proceeds of the Revolving
Loans as set forth in Section 3.14. 
 5.8 Plant. On January 19, 2013, and on each 180-day anniversary of such date
thereafter until the Plant has received a “certificate of occupancy” or similar governmental certification and is otherwise fully-operational in accordance with the Borrower’s plans as disclosed to the Agent, a listing of the
improvements and equipment located at such Plant, such list to be in form and detail reasonably acceptable to the Agent. 
 5.9
Acquisition of Assets. To the extent the Borrower acquires any assets and is required to grant and perfect a security interest in such assets pursuant to the terms of the Senior Indebtedness, the Borrower will use commercially reasonable
efforts to grant and perfect a junior security interest to the Agent in such assets for the benefit of the Secured Parties. 
 5.10
Environmental Laws. The Borrower shall, and shall cause each Subsidiary to: 
 (a) comply with, and take reasonable steps to ensure
compliance by all tenants and subtenants, if any, with, all applicable Environmental Laws and obtain and comply with any and all licenses, approvals, notifications, registrations or permits required by applicable Environmental Laws except for such
noncompliance or failure to obtain as could not reasonably be expected to have a Material Adverse Effect; 
 (b) conduct and complete all
investigations, studies, sampling and testing, and all remedial, removal and other reasonable actions required under applicable Environmental Laws relating to real property owned, leased or occupied by the Borrower or any Subsidiary and timely
comply with all orders and directives of all Governmental Authorities regarding such Environmental Laws, except to the extent that the same are being (i) contested in good faith by appropriate proceedings or (ii) could not reasonably be
expected to have a Material Adverse Effect; and 

  
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 (c) defend, indemnify and hold harmless the Agent, each Lender, and their respective employees,
agents, officers and directors, shareholders, successors, attorneys and assigns from and against any and all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature known or unknown,
contingent or otherwise, arising out of, or in any way relating to (i) the presence of contamination on any of the Properties and any Hazardous Materials migrating from the Properties, (ii) any violation of, noncompliance with or liability
under any Environmental Laws applicable to the operations of the Loan Parties, or (iii) any orders, requirements or demands of Governmental Authorities related thereto, including reasonable attorneys’ and consultants’ fees,
investigation and laboratory fees, response costs, court costs and litigation expenses. This indemnity shall continue in full force and effect and survive the termination of this Agreement and the payment of the Revolving Loans and all other
Obligations. 
 5.11 Covenants Regarding Subsidiaries. The Borrower will cause each of its Subsidiaries hereafter formed or acquired
to execute and deliver to the Agent, within ten (10) days after the formation or acquisition thereof and in each case, so long as the Senior Credit Agreement shall be outstanding, on a subordinate basis to any corresponding subsidiary
guarantees, subsidiary security agreements or subsidiary stock pledges held by the Senior Lender in accordance with the terms of the Subordination Agreement, (i) a Subsidiary Guarantee (or, if a Subsidiary Guarantee has already been executed by
one or more Subsidiaries, a joinder thereto in form and substance reasonably acceptable to the Agent) and (ii) a Guarantor Security Agreement (or, if a Guarantor Security Agreement has already been executed by one or more Subsidiaries, a
joinder thereto in form and substance reasonably acceptable to the Agent), together with appropriate Lien searches requested by the Agent indicating the Agent’s first priority Lien (subject to Section 6.3) on such Subsidiary’s
personal property and, in connection with such deliveries, cause to be delivered to the Agent (A) if requested by the Agent, a favorable written opinion of counsel reasonably satisfactory to the Agent as to such matters relating thereto as the
Agent may reasonably request, in form and substance reasonably satisfactory to the Agent, (B) stock or membership interest certificates, as applicable, accompanied by transfer powers duly executed in blank, evidencing the Capital Stock of such
Subsidiary, (C) such other agreements, instruments, approvals or other documents as the Agent may reasonably request with respect thereto, and (D) certified copies of the organizational documents, resolutions and incumbency certificates of
such Subsidiary. 
 5.12 Canadian Subsidiary. Within thirty (30) days after the written request therefor by the Agent, the
Borrower shall (a) cause such Canadian Subsidiary to provide to the Agent a guaranty and security agreement, together with such other security documents (including mortgages with respect to any real property of such new Subsidiary), in each
case governed under Ontario law, as well as appropriate financing statements (and with respect to all property subject to a mortgage, fixture filings), all in form and substance satisfactory to the Agent (including being sufficient to grant the
Agent a first priority Lien (subject to Section 6.3) in and to the assets of such newly formed or acquired Subsidiary); provided that such guaranty, security agreement, and such other security documents shall not be required to be
provided to the Agent with respect to such Canadian Subsidiary if providing such documents would result in material 

  
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adverse tax consequences, and (b) provide to the Agent all other documentation, including one or more opinions of counsel satisfactory to the Agent, which in its opinion is appropriate with
respect to the execution and delivery of the applicable documentation referred to above (including policies of title insurance or other documentation with respect to all property subject to a mortgage); provided that only 65% of the total
outstanding voting Capital Stock of the Canadian Subsidiary (and none of any Subsidiary of such Canadian Subsidiary) shall be required to be pledged if pledging a greater amount would result in material adverse tax consequences (which pledge, if
reasonably requested by the Agent, shall be governed under Ontario law). Any document, agreement, or instrument executed or issued pursuant to this Section 5.12 shall be a Loan Document. 

 

	SECTION 6.	NEGATIVE COVENANTS 

 The Borrower hereby agrees that from and after the Closing Date, so long as
any Obligation (other than contingent indemnity obligations for which no claims has been made) or Commitment remains outstanding and unpaid or any other amount is due and owing to any Lender or the Agent hereunder or any other Loan Document: 

6.1 Financial Condition Covenant. The Borrower shall not: 

(a) Maximum Debt Covenant. Permit, as of the last day of any fiscal quarter, beginning with the quarter ending March 31, 2013, the
ratio of (i) Total Debt (including all loans and other credit extensions outstanding under the Senior Credit Agreement, but excluding any debt to Shareholder Guarantors) to (ii) Trailing Twelve-Month Revenue for the four consecutive fiscal
quarter period ending on such date (the “Maximum Debt Covenant”) to be greater than the following with respect to the fiscal quarter set forth opposite each such ratio below (including such periods which may exist if the Maturity
Date is extended pursuant to the terms of the definition thereof): 
  

					
	 Quarter
	  	Ratio	 
		
	 March 31, 2013 through and including December 31, 2013
	  	 	1.75:1.00	  
		
	 March 31, 2014 through and including December 31, 2014
	  	 	1.50:1.00	  
		
	 March 31, 2015 through and including June 30, 2016
	  	 	1.25:1.00	  
		
	 September 30, 2016 and thereafter
	  	 	1.00:1.00	  

 6.2 Limitation on Indebtedness. Create, incur, assume, suffer to exist, guarantee, or otherwise become
or remain, directly or indirectly, liable with respect to any Indebtedness, except for: 
 (a) Indebtedness evidenced by this Agreement and
the other Loan Documents; 

  
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 (b) Senior Indebtedness; 

(c) Hedging Obligations 
 (d)
Permitted Purchase Money Indebtedness; 
 (e) refinancings, renewals, or extensions of Indebtedness permitted under clauses (b) and
(c) above (and continuance or renewal of any Lien permitted under Section 6.3 associated therewith) so long as: (i) the terms and conditions of such refinancings, renewals, or extensions do not, in the Agent’s reasonable
judgment, materially impair the prospects of repayment of the Obligations by Borrower or materially impair Borrower’s creditworthiness, (ii) such refinancings, renewals, or extensions do not result in an increase in the principal amount
of, or interest rate with respect to, the Indebtedness so refinanced, renewed, or extended, (iii) such refinancings, renewals, or extensions do not result in a shortening of the average weighted maturity of the Indebtedness so refinanced,
renewed, or extended, nor are they on terms or conditions that, taken as a whole, are materially more burdensome or restrictive to Borrower, (iv) if the Indebtedness that is refinanced, renewed, or extended was subordinated in right of payment
to the Obligations, then the terms and conditions of the refinancing, renewal, or extension Indebtedness must include subordination terms and conditions that are at least as favorable to the Lenders as those that were applicable to the refinanced,
renewed, or extended Indebtedness, and (v) the Indebtedness that is refinanced, renewed, or extended is not recourse to any Person that is liable on account of the Obligations other than those Persons which were obligated with respect to the
Indebtedness that was refinanced, renewed, or extended; 
 (f) endorsement of instruments or other payment items for deposit; 

(g) Subordinated Debt; and 
 (h)
other unsecured Indebtedness in an aggregate amount not to exceed $7,000,000 at any time outstanding. 
 6.3 Limitation on Liens. The
Borrower shall not, and shall not permit any Subsidiary to, create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, except for: 

(a) Liens created hereunder or under any of the other Loan Documents; 

(b) Liens for taxes, assessments, fees and other charges of any Governmental Authority that are not yet delinquent or which 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 a Subsidiary, as applicable, in conformity with GAAP; 

(c) Liens created by operation of law not securing the payment of Indebtedness for money borrowed or guaranteed, including carriers’,
warehousemen’s, mechanics’, materialmen’s, repairmen’s, landlords’, shippers’, laborers’ or other like Liens arising in the ordinary course of business which are not overdue for a period of more than forty-five
(45) days and, if overdue, for which adequate reserves have been posted under GAAP; 

  
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 (d) pledges or deposits in connection with payroll taxes, workers’ compensation,
unemployment insurance and other social security legislation; 
 (e) pledges or deposits to secure the performance of bids, trade contracts
(other than for borrowed money), leases, statutory or regulatory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

(f) easements, rights-of-way, restrictions and other similar encumbrances on real property incurred in the ordinary course of business which
in the aggregate could not cause a Material Adverse Effect; 
 (g) Liens securing Capitalized Lease Obligations; provided that no
such Lien covers any property other than the property subject to such Capitalized Lease Obligation, or acquired in connection with the incurrence of such Indebtedness, as applicable, and the proceeds thereof; 

(h) precautionary Liens filed by equipment lessors pursuant to operating leases of the Borrower and the Subsidiaries; provided that no
such Lien covers any property other than the property subject to such lease; 
 (i) Liens arising from any interest of a lessor under any
real property lease or sublease agreement entered into by the Borrower or any Subsidiary in the ordinary course of business; 
 (j) subject
to the Subordination Agreement, Liens securing the Senior Indebtedness (provided that in no event shall the Senior Indebtedness be secured by the property encumbered by the Plant Mortgage); and 

(k) Liens securing Indebtedness permitted by Section 6.2 and not referred to in any other provision of this Section 6.3, so long as
such Liens (i) are for Subordinated Debt and (ii) do not encumber the property subject to the Plant Mortgage. 
 6.4 Limitation
on Fundamental Changes. The Borrower shall not, and shall not permit any Subsidiary to, (i) make any amendment to its Organic Documents in a manner materially adverse to the Lenders, or (ii) except for the dissolution or liquidation of
any Canadian Subsidiary existing on the Closing Date, enter into any merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution) except any merger, consolidation or amalgamation of a
Subsidiary that is a Loan Party into the Borrower, with the Borrower being the survivor thereof, or between or among the Subsidiaries; provided that the Borrower shall give the Agent twenty (20) days’ prior written notice thereof
and shall comply with all reasonable actions requested by the Agent to protect and maintain its Liens granted pursuant to the Loan Documents; or (iii) convey, sell, lease, assign, transfer or otherwise dispose of, all or substantially all of
its property, business or assets. 

  
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 6.5 Limitation on Sale of Assets. 

(a) The Borrower shall not, and shall not permit any of its Subsidiaries to, make any Asset Disposition unless (i) such Asset Disposition
is for fair market value, (ii) no Event of Default has occurred and is continuing or would result from such Asset Disposition and (iii) the consideration for such Asset Disposition is at least 75% cash; provided that with respect to
any Asset Disposition involving all or a portion of the property subject to the Plant Mortgage and resulting in net cash proceeds in excess of $1,000,000 per fiscal year (such proceeds not exceeding $1,000,000, the “Retained Asset
Disposition Proceeds”), unless otherwise agreed to in writing by the Agent in its sole discretion, the proceeds of such disposition (net of reasonable closing costs) not constituting Retained Asset Disposition Proceeds shall be applied by
the Borrower, within ten (10) Business Days following such disposition, to prepay Revolving Loans in the amount of such net proceeds and to permanently reduce the aggregate Revolving Loan Commitments by a corresponding amount. 

(b) With respect to Retained Asset Disposition Proceeds, the Borrower shall prepay the outstanding principal amount of the Revolving Loans
(without any permanent reduction of the respective Revolving Commitment Percentages) in an amount equal to the Retained Asset Disposition Proceeds; provided that, so long as the Borrower or its Subsidiaries, as applicable, complete such
replacement, purchase, or construction within one-hundred-eighty (180) days after the initial receipt of such monies, the Borrower and its Subsidiaries shall have the option to apply such monies to the costs of replacement of the property or
assets that are the subject of such sale or disposition unless and to the extent that such applicable period shall have expired without such replacement, purchase or construction being made or completed, in which case, such monies shall promptly be
paid to the Agent and applied to prepay Revolving Loans in the amount of such net proceeds (without any permanent reduction of the respective Revolving Commitment Percentages). 

6.6 Limitation on Restricted Payments. The Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly,
redeem, repurchase, retire or otherwise make any payments (such payments, purchases, redemptions, retirements, being herein called a “Restricted Payment”) with respect to the Class B Preferred Stock and Class C Preferred Stock of
the Borrower unless, as of the date of the proposed making of such Restricted Payment, (a) both before and after giving effect to such Restricted Payment, no Default or Event of Default has occurred or would occur as a result thereof and
(b) Liquidity is at least $10,000,000 and (c) the Borrower has delivered to the Agent a certificate, in form and detail satisfactory to the Agent, demonstrating the foregoing. 

6.7 [Intentionally Omitted]. 

6.8 Transactions with Affiliates. The Borrower shall not directly or indirectly enter into or permit to exist any transaction with any
Affiliate of Borrower except for (a) transactions that (i) are in the ordinary course of Borrower’s business, (ii) are upon fair and reasonable terms, and (iii) are no less favorable to Borrower or its Subsidiaries, as
applicable, than would be obtained in an arm’s length transaction with a non-Affiliate or (b) transactions involving the payment of fees (and entering into related agreements with respect thereto) to shareholders of the Borrower in
connection with the guarantee of any Indebtedness of the Borrower by such shareholder so long as such fees have been approved by the board of directors of the Borrower. 

  
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 6.9 Fiscal Year. The Borrower shall not permit the fiscal year of the Borrower or any
Subsidiary to end on a day other than December 31. 
 6.10 Prohibitions on Certain Agreements. The Borrower shall not, nor shall
it permit any Subsidiary to, enter into or permit to exist any indenture, agreement, instrument or other arrangement, other than the Loan Documents and the Senior Debt Documents (subject to the Subordination Agreement), that, directly or indirectly,
prohibits or restrains, or has the effect of prohibiting or restraining, or imposes materially adverse conditions upon, the payment of this Indebtedness. 

6.11 Line of Business. Neither the Borrower nor any of its Subsidiaries shall engage to any material extent in any business other than
businesses of the type conducted by the Borrower and the Restricted Subsidiaries on the Closing Date and businesses reasonably related or ancillary thereto. 

6.12 Anti-Terrorism Laws. The Borrower shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly
(a) knowingly enter into any Contractual Obligation with any Person listed on the OFAC Lists; (b) knowingly conduct any business or engage in any transaction or dealing with any Blocked Person, including the making or receiving of any
contribution of funds, goods or services to or for the benefit of any Blocked Person; (c) knowingly deal in, or otherwise engage in any transaction relating to, any property or interests in property blocked pursuant to Executive Order
No. 13224, any similar executive order or other Anti-Terrorism Law; or (d) knowingly engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the
prohibitions set forth in Executive Order No. 13224 or other Anti-Terrorism Law. 
  

	SECTION 7.	EVENTS OF DEFAULT 

 7.1 Events of Default. 

If any of the following events shall occur and be continuing: 

(a) The Borrower shall fail to pay, (i) any principal of any Revolving Loan, (ii) any interest on any Revolving Loan or
(iii) any other amount payable hereunder or under any Loan Document, in each case (x) within three (3) Business Days after the date when such amount becomes due, or (y) if such failure to pay is caused by a reduction in the
Maximum Revolving Amount as a result of a Guarantor Default, within the Guarantor Cure Period contemplated by Section 7.2(a); or 
 (b)
Any representation or warranty made by any Loan Party herein or in any other Loan Document, as applicable, or which is contained in any certificate, document or financial or other statement furnished at any time under or in connection with this
Agreement or any other Loan Document shall prove to have been incorrect in any material respect when made or deemed made; or 

  
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 (c) The Borrower shall default in the observance or performance of any agreement contained in
Section 5.2(e) or any provision of Section 6; or 
 (d) Any Loan Party shall default in the observance or performance of any other
agreement contained in this Agreement or the other Loan Documents (other than as provided in paragraphs (a) through (c) of this Section), and such default shall continue unremedied for a period of thirty (30) days after notice thereof
from the Agent to the Borrower; or 
 (e) Any provision of any Loan Document shall at any time for any reason be declared null and void, or
the validity or enforceability of any Loan Document shall at any time be contested by any Loan Party or any other party thereto (other than the Agent) in writing, or a proceeding shall be commenced by any Loan Party or such other party, or by any
Governmental Authority or other Person having jurisdiction over any Loan Party or such other party, seeking to establish the invalidity or unenforceability thereof, or any Loan Party or any such other party shall deny in writing that it has any
liability or obligation purported to be created under any Loan Document or any Loan Document shall cease to be in full force and effect; or 

(f) The failure by the Borrower or any Subsidiary to pay any Indebtedness for borrowed money within any applicable grace period after final
maturity or the acceleration of any such Indebtedness by the holders thereof because of a default, either under the Senior Indebtedness or under Indebtedness having an aggregate principal amount in excess of $5,000,000; or 

(g) (i) The Borrower or any other Loan Party shall commence any voluntary case, proceeding or other action (A) under any existing or
future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or
seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian or other similar official for it or
for all or any substantial part of its assets, or the Borrower or any other Loan Party shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against the Borrower or any other Loan Party any
involuntary case, proceeding or other action of a nature referred to in clause (i) above which (A) results in the entry of an order for relief or any such adjudication or appointment and (B) remains undismissed, undischarged, unstayed
or unbonded for a period of sixty (60) days; or (iii) there shall be commenced against the Borrower or any other Loan Party any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar
process against all or any substantial part of its assets which results in the entry of an order for any such relief which shall not have been vacated, discharged, stayed or bonded pending appeal within sixty (60) days from the entry thereof;
or (iv) the Borrower or any other Loan Party shall take any action in writing in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) the
Borrower or any other Loan Party shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due or there shall be a general assignment for the benefit of creditors; or 

  
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 (h) (i) Any Person shall engage in any non-exempt “prohibited transaction” (as
defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding deficiency” (as defined in Section 302 of ERISA), whether or not waived, shall exist with respect to any
Plan, (iii) a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate any Single Employer Plan, which Reportable Event or
commencement of proceedings or appointment of a trustee would reasonably be expected to result in the termination of such Plan for purposes of Title IV of ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of ERISA
(other than a standard termination within the meaning of Section 4041(b) of ERISA) or (v) the Borrower or any ERISA Affiliate thereof would reasonably be expected to incur any liability in connection with a withdrawal from, or the
Insolvency or Reorganization of, a Multiemployer Plan; or 
 (i) One or more judgments or decrees shall be entered against one or more of
the Loan Parties involving in the aggregate a liability (to the extent not paid or fully covered by insurance under which the insurer has acknowledged liability in writing) for all Loan Parties of $2,000,000 or more, and all such judgments or
decrees shall not have been vacated, discharged, stayed or bonded pending appeal within sixty (60) days from the entry thereof or in any event five (5) days before the date of any sale pursuant to such judgment or decree; or any
non-monetary judgment or order shall be entered against any Loan Party that could reasonably be expected to have a Material Adverse Effect and either (i) enforcement proceedings shall have been commenced by any Person upon such judgment which
has not been stayed pending appeal or (ii) there shall be any period of thirty (30) consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect
purchased; or 
 (j) A Change of Control shall occur; or 

(k) Any Lien created under any Loan Document shall for any reason other than pursuant to the terms thereof, cease to be a valid and perfected
first priority (except as permitted by Section 6.3) Lien in any material portion of the Collateral, the Guarantor Collateral or the property purported to be covered thereby; or 

(l) An “Event of Default” shall occur and be in continuance under the Senior Debt Documents and the Senior Lender shall have
accelerated any of the obligations thereunder; or 
 (m) An “Event of Default” shall occur under the Mid-Ocean Equity Contribution
Agreement or an “Event of Default” shall occur under the Fresh Pet Guarantee and, in either case, such “Event of Default” shall not have been cured pursuant to Section 7.2 within the Guarantor Cure Period; 

then, and in any such event, (A) if such event is an Event of Default specified in paragraph (g) above, automatically each Commitment shall
immediately terminate and the Revolving Loans made to the Borrower hereunder (with accrued interest thereon) and all other Obligations shall immediately become due and payable and (B) if such event is any other Event of Default, with the
consent of the Majority Lenders the Agent may, or upon the request of the Majority Lenders 

  
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the Agent shall, take any or all of the following actions: (i) by written notice to the Borrower declare the Commitments to be terminated forthwith, whereupon the Commitments shall
immediately terminate; and (ii) by written notice to the Borrower, declare the Revolving Loans (with accrued interest thereon) and all other Obligations under this Agreement to be due and payable forthwith, whereupon the same shall immediately
become due and payable. For purposes of clauses (A) and (B) of this paragraph of this Section 7, “Loan Documents” shall not include any Lender Hedging Agreement and “Obligations” shall not include
obligations pursuant to any Lender Hedging Agreement. In all cases, with the consent of the Majority Lenders, the Agent may enforce any or all of the Liens and other rights and remedies created pursuant to any Loan Document or available at law or in
equity. Presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrower. 
 7.2 Cure of
Guarantor Default. If a Default shall have occurred under Section 7.1(a)(y) or 7.1(m) above, then, in each case, the Borrower shall have ten (10) Business Days (the “Guarantor Cure Period”) following the occurrence of
such Default to cause one of the following to occur: 
 (a) Cause one or more existing Compliant Guarantors to increase its respected
Covered Amount in an aggregate amount equal to the Covered Amount of the Non-Compliant Guarantor. Such increases shall be (i) from a Compliant Guarantor acceptable to the Agent, (ii) evidenced by amendments to the Guarantee or Equity
Contribution Agreement, as applicable, of such Compliant Guarantor, in form and substance satisfactory to the Agent and (iii) accompanied by such financial statements and other financial information evidencing the financial condition of such
Guarantor as the Agent shall request, including evidence of additional “Liquidity” or “Uncalled Capital Commitments”, as applicable, of such Guarantor corresponding to such increased Covered Amount. 

(b) Cause one or more Persons acceptable to the Agent to become new Guarantors hereunder having a Covered Amount equal to the Covered Amount
of the Non-Compliant Guarantor. Such new Guarantor shall execute in favor of the Agent a Shareholder Guarantee or an Equity Contribution Agreement, as applicable, substantially in the form of the Shareholder Guarantees and Equity Contribution
Agreement in existence on the Restatement Closing Date. Such new Guarantee shall be accompanied by (i) such financial statements and other financial information evidencing the financial condition of such Guarantor as the Agent shall request,
including evidence of “Liquidity” or “Uncalled Capital Commitments”, as applicable, of such Guarantor corresponding to its Covered Amount, (ii) certified copies of its formation documents, resolutions and an incumbency
certificate, (iii) an opinion of counsel to such new Guarantor in form, and from a firm, satisfactory to the Agent and (iv) such other information regarding such new Guarantor as the Agent shall request; or 

(c) Such Guarantor Default shall be otherwise cured or waived in writing to the satisfaction of the Agent. 

Notwithstanding the foregoing, during the Guarantor Cure Period an Event of Default shall be deemed to have occurred and be continuing under this Agreement
for all purposes (including application of the default rate of interest under Section 2.6(b)) other than with respect to the right of the Agent and the Lenders to cause acceleration as contemplated by the last paragraph of Section 7.1, or
exercise remedies under the Loan Documents. 

  
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 7.3 Application of Payments and Proceeds. Upon the occurrence and during the continuance
of an Event of Default and after the acceleration of the principal amount of any of the Revolving Loans, all payments and proceeds in respect of any of the Obligations received by the Agent or any Secured Party under any Loan Document, including any
proceeds of any sale of, or other realization upon, all or any part of the Collateral or the Guarantor Collateral, shall be applied as follows: 

first, to all fees, costs, indemnities, liabilities, obligations and expenses incurred by or owing to the Agent with
respect to this Agreement, the other Loan Documents or the Collateral or the Guarantor Collateral; 
 second, to all
fees, costs, indemnities, liabilities, obligations and expenses incurred by or owing to any other Secured Party with respect to this Agreement, the other Loan Documents or the Collateral or the Guarantor Collateral; 

third, to accrued and unpaid interest on the Obligations (including any interest which, but for the provisions of the
Bankruptcy Code, would have accrued on such amounts); 
 fourth, to the principal amount of the Obligations and to the
Obligations owing to any counterparty in respect of any Lender Hedging Agreement; 
 fifth, to any other Obligations
owing to the Agent or any other Secured Party under the Loan Documents; and 
 sixth, to the Borrower or to whoever
may be lawfully entitled to receive such balance or as a court of competent jurisdiction may direct. 
 In carrying out the foregoing, (a) amounts
received shall be applied in the numerical order provided until exhausted prior to the application to the next succeeding category, and (b) each of the Persons entitled to receive a payment in any particular category shall receive an amount
equal to its pro rata share of amounts available to be applied pursuant thereto for such category. 
  

	SECTION 8.	THE AGENT 

 8.1 Appointment. Each Lender hereby irrevocably designates and appoints
OneWest Bank, as Agent for such Lender under this Agreement and the other Loan Documents, and each such Lender irrevocably authorizes OneWest Bank, as the Agent for such Lender, to take such action on its behalf under the provisions of this
Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to the Agent, by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably
incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no
implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Agent in such capacity. 

  
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 8.2 Delegation of Duties. The Agent may execute any of its duties under this Agreement and
the other Loan Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Agent shall not be responsible for the negligence or misconduct of any agents or
attorneys-in-fact selected by it with reasonable care. 
 8.3 Exculpatory Provisions. Neither the Agent nor any of its officers,
directors, employees, agents, attorneys-in-fact, Subsidiaries or Affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any other Loan Document
(except for its or such Person’s own gross negligence or willful misconduct) or (ii) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by the Borrower, any other Loan Party, or
any other party to the Loan Documents, or any officer thereof, contained in this Agreement or any other Loan Document or in any certificate, report, statement or other document referred to or provided for in, or received by the Agent under or in
connection with, this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document or for any failure of the Borrower, any other Loan Party,
or any other party to the Loan Documents to perform its obligations hereunder or thereunder. The Agent shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained
in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of the Borrower, any other Loan Party, or any other party to the Loan Documents. 

8.4 Reliance by Agent. The Agent shall be entitled to rely, and shall be fully protected in relying, upon any note, writing,
resolution, notice (including any telephonic notice), consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document or conversation reasonably believed by it to be genuine and
correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including, without limitation, counsel to the Borrower), the Accountants and independent accountants and other experts
selected by the Agent. The Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Agent. The Agent shall be fully
justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Majority Lenders or all Lenders, as it deems appropriate, or it shall first be
indemnified to its satisfaction by the Lenders against any and all liability and expense (except those incurred solely as a result of the Agent’s gross negligence or willful misconduct) which may be incurred by it by reason of taking or
continuing to take any such action. The Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Majority Lenders or all Lenders, as
may be required, and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Revolving Loans. 

  
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 8.5 Notice of Default. Neither the Agent nor any Lender shall be deemed to have knowledge
or notice of the occurrence of any Default hereunder unless such Person has received notice from the Agent, a Lender or the Borrower referring to this Agreement, describing such Default and stating that such notice is a “notice of
default”. In the event that the Agent or any Lender receives such a notice, the Agent or such Lender, as the case may be, shall give notice thereof to the Agent and the Lenders. The Agent shall take such action with respect to such Default as
shall be reasonably directed by the Majority Lenders or all Lenders as appropriate; provided that unless and until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from
taking such action, with respect to such Default as it shall deem advisable in the best interests of the Lenders or as the Agent shall believe necessary to protect the Agent and the Lenders’ interests in the Collateral or the Guarantor
Collateral. 
 8.6 Non-Reliance on Agent and Other Lenders. Each Lender expressly acknowledges that none of the Agent or any of its
respective officers, directors, employees, agents, attorneys-in-fact, Subsidiaries or Affiliates has made any representations or warranties to it and that no act by the Agent hereafter taken, including any review of the affairs of the Borrower, any
other Loan Party, or any other party to the Loan Documents, shall be deemed to constitute any representation or warranty by the Agent to any Lender. Each Lender represents to the Agent that it has, independently and without reliance upon the Agent
or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Borrower,
the other Loan Parties, and any other party to the Loan Documents and made its own decision to make its Revolving Loans and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon the Agent or any
other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents,
and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Borrower, the other Loan Parties, and any other party to the Loan Documents.
The Agent agrees to promptly furnish to each Lender a copy of all notices, reports and other documents received by it from the Borrower pursuant to the terms hereof; provided that the Agent shall not have any duty or responsibility to provide
any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of the Borrower, any other Loan Party, or any other party to the Loan Documents which
may otherwise come into the possession of the Agent or any of its officers, directors, employees, agents, attorneys-in-fact, Subsidiaries or Affiliates except such as may come into the possession of the employees of Agent then having the
responsibility for the administration of this Agreement. 
 8.7 Indemnification. The Lenders hereby indemnify the Agent in its
capacity as such (to the extent not reimbursed by the Borrower and without limiting the obligation of the Borrower to do so), ratably according to the respective amounts of their Aggregate Total Commitment Percentages, from and against any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs (including, without limitation, the allocated cost of internal counsel), expenses or disbursements of any kind whatsoever which may at any time (including,
without limitation, at any time following the payment of the Obligations) be imposed 

  
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on, incurred by or asserted against the Agent in any way relating to or arising out of this Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or
therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Agent under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements to the extent resulting from the Agent’s gross negligence or willful misconduct. The agreements in this Section shall survive the
termination of this Agreement and the payment of the Revolving Loans and all other Obligations. 
 8.8 Agent in Its Individual
Capacity. The Agent and its Affiliates may make loans to, accept deposits from and generally engage in any kind of business with the Borrower, the other Loan Parties and any other party to the Loan Documents as though the Agent were not the
Agent hereunder and under the other Loan Documents. With respect to the Agent, the Revolving Loans made by the Agent and the Notes issued to the Agent shall have the same rights and powers under this Agreement and the other Loan Documents as any
Lender and the Agent may exercise the same as though it were not the Agent and the terms “Lender” and “Lenders” shall include the Agent in its individual capacity. 

8.9 Successor Agent. The Agent may resign as Agent upon thirty (30) days’ notice to the Lenders and the Borrower. If the
Agent shall resign as Agent under this Agreement and the other Loan Documents, then the Majority Lenders shall appoint (with the approval of the Borrower) from among the Lenders a successor agent for the Lenders, whereupon such successor agent shall
succeed to the rights, powers and duties of the Agent and the term “Agent” shall mean such successor agent, effective upon its appointment, and the former Agent’s rights, powers and duties as Agent shall be terminated, without any
other or further act or deed on the part of such former Agent or any of the parties to this Agreement or any holders of any of the Obligations. Notice of such appointment shall be given by such successor agent to the Borrower and each Lender.
Whether or not a successor has been appointed, such resignation shall nonetheless become effective in accordance with such notice on such thirtieth day. After any retiring Agent’s resignation as Agent, the provisions of this Section shall inure
to its benefit as to any actions taken or omitted to be taken by it while it was Agent, under this Agreement and the other Loan Documents. 

8.10 Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under the Bankruptcy Code or any similar
debtor relief law or any other judicial proceeding relative to any Loan Party, the Agent (irrespective of whether the principal of any Revolving Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective
of whether the Agent shall have made any demand on the Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Revolving Loans and all
other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Agent (including any claim for the reasonable compensation, expenses, disbursements and
advances of the Lenders and the Agent and their respective agents and counsel) allowed in such judicial proceeding; and 
 (b) to collect
and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 

  
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 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such
judicial proceeding is hereby authorized by each Lender to make such payments to the Agent. 
 8.11 Collateral Matters. 

(a) The Lenders hereby authorize the Agent, at its option and in its discretion, to release any Lien granted to or held by the Agent upon any
Collateral or Guarantor Collateral (i) upon termination of the Commitments and payment and satisfaction of all of the Obligations (other than contingent indemnification obligations that are not then due and payable) at any time arising under or
in respect of this Agreement or the Loan Documents or the transactions contemplated hereby or thereby, (ii) constituting property being sold or otherwise disposed of upon the sale or other disposition thereof in compliance with
Section 6.5, (iii) if approved, authorized or ratified in writing by the Majority Lenders or all Lenders, as applicable. Upon request by the Agent at any time, the Lenders will confirm in writing the Agent’s authority to release
particular types or items of Collateral or Guarantor Collateral pursuant to this Section. The Lenders hereby authorize the Agent, at its option and in its discretion to release any Subsidiary Guarantor from its obligations under its Guarantee if
such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. 
 (b) No Secured Party shall have any right
individually to realize upon any of the Collateral or the Guarantor Collateral or to enforce any Guarantee. The Lenders understand and agree that all powers, rights and remedies hereunder and under any of the Loan Documents (other than the Lender
Hedging Agreements) may be exercised solely by the Agent for the benefit of the Secured Parties in accordance with the terms hereof and thereof. 

(c) The Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence,
value or collectability of the Collateral or the Guarantor Collateral, the existence, priority or perfection of any Lien thereon, or any certificate prepared by any Loan Party in connection therewith, and the Agent shall not be responsible or liable
to the Lenders or any other Secured Party for any failure to monitor or maintain any portion of the Collateral or the Guarantor Collateral. 
  

	SECTION 9.	SECURITY 

 9.1 Grant of Security Interest. The Borrower hereby grants to the Agent, for
the benefit of the Secured Parties, a continuing security interest in all of its right, title, and interest in all currently existing and hereafter acquired or arising Borrower Collateral in order to secure prompt repayment of any and all of the
Obligations in accordance with the terms and conditions of the Loan Documents and in order to secure prompt performance by the Borrower of each of its covenants and duties under the Loan Documents. The Agent’s Liens in and to the Borrower
Collateral shall attach to all Borrower Collateral without further act on the part of the Agent or the Borrower. Anything contained in this Agreement or any other Loan Document to the contrary notwithstanding, except for Asset Dispositions permitted
pursuant to Section 6.5 hereof, the Borrower and its Subsidiaries have no authority, express or implied, to dispose of any item or portion of the Collateral. 

  
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 9.2 Negotiable Collateral. In the event that any Borrower Collateral, including proceeds,
is evidenced by or consists of Negotiable Collateral, and if and to the extent that the Agent determines that perfection or priority of the Agent’s security interest is dependent on or enhanced by possession, the Borrower, promptly upon the
request of the Agent and subject to the terms of the Subordination Agreement, shall endorse and deliver physical possession of such Negotiable Collateral to the Agent. 

9.3 Collection of Accounts, General Intangibles and Negotiable Collateral. At any time after the occurrence and during the continuation
of an Event of Default, the Agent or the Agent’s designee may, subject to the terms of the Subordination Agreement, (a) notify Account Debtors of the Borrower that the Borrower’s Accounts, chattel paper, or General Intangibles have
been assigned to the Agent or that the Agent has a security interest therein, or (b) collect the Borrower’s Accounts, chattel paper, or General Intangibles directly and charge the collection costs and expenses to the Borrower. The Borrower
agrees that it will hold in trust for the Agent, as the Agent’s trustee, any of its or its Subsidiaries’ Collections that it receives and immediately will deliver such Collections, subject to the terms of the Subordination Agreement, to
the Agent or a cash management bank reasonably acceptable to the Agent in their original form as received by the Borrower or its Subsidiaries. 

9.4 Filing of Financing Statements; Commercial Tort Claims; Delivery of Additional Documentation Required. 

(a) The Borrower authorizes the Agent to file any financing statement necessary or desirable to effectuate the transactions contemplated by
the Loan Documents, and any continuation statement or amendment with respect thereto, in any appropriate filing office without the signature of the Borrower where permitted by applicable law. The Borrower hereby ratifies the filing of any financing
statement filed without the signature of the Borrower prior to the date hereof. 
 (b) If the Borrower or its Subsidiaries acquire any
commercial tort claims with a value in excess of $250,000 after the date hereof, the Borrower shall promptly (but in any event within three (3) Business Days after such acquisition) deliver to the Agent a written description of such commercial
tort claim and shall deliver a written agreement, in form and substance reasonably satisfactory to the Agent, pursuant to which the Borrower or its Subsidiary, as applicable, shall grant a perfected security interest in all of its right, title and
interest in and to such commercial tort claim to the Agent, subject to the terms of the Subordination Agreement, as security for the Obligations (a “Commercial Tort Claim Assignment”). 

(c) At any time upon the request of the Agent, the Borrower shall, subject to the terms of the Subordination Agreement, execute or deliver to
the Agent, and shall cause its Subsidiaries to execute or deliver to the Agent, any and all financing statements, original financing statements in lieu of continuation statements, amendments to financing statements, fixture filings, security
agreements, pledges, assignments, Commercial Tort Claim Assignments, endorsements of certificates of title, and all other documents (collectively, the “Additional 

  
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Documents”) that the Agent may request in its discretion, in form and substance reasonably satisfactory to the Agent, to create, perfect, and continue perfected or to better perfect
the Agent’s Liens in the assets of the Borrower and its Subsidiaries (whether now owned or hereafter arising or acquired, tangible or intangible, real or personal), to create and perfect Liens in favor of the Agent in any owned real property
acquired after the Closing Date, and in order to fully consummate all of the transactions contemplated hereby and under the other Loan Documents. To the maximum extent permitted by applicable law, the Borrower authorizes the Agent to execute any
such Additional Documents in the Borrower’s name and authorizes the Agent to file such executed Additional Documents in any appropriate filing office. In addition, on such periodic basis as the Agent shall require, the Borrower shall
(i) provide the Agent with a report of all new material patentable, copyrightable, or trademarkable materials acquired or generated by the Borrower or its Subsidiaries during the prior period, (ii) cause all material patents, copyrights,
and trademarks acquired or generated by the Borrower or its Subsidiaries that are not already the subject of a registration with the appropriate filing office (or an application therefor diligently prosecuted) to be registered with such appropriate
filing office in a manner sufficient to impart constructive notice of the Borrower’s or the applicable Subsidiary’s ownership thereof, and (iii) cause to be prepared, executed, and delivered to the Agent supplemental schedules to the
applicable Loan Documents to identify such patents, copyrights, and trademarks as being subject to the security interests created thereunder ; provided, however, that neither the Borrower nor any of its Subsidiaries shall register with
the U.S. Copyright Office any unregistered copyrights (whether in existence on the Closing Date or thereafter acquired, arising, or developed) unless (i) the Borrower provides the Agent with written notice of its intent to register such
copyrights not less than thirty (30) days prior to the date of the proposed registration, and (ii) prior to such registration, the applicable Person executes and delivers to the Agent a Copyright Security Agreement, supplemental schedules
to any existing Copyright Security Agreement, or such other documentation as the Agent reasonably deems necessary in order to perfect and continue perfected the Agent’s Liens on such copyrights following such registration. 

9.5 Power of Attorney. The Borrower hereby irrevocably makes, constitutes, and appoints the Agent (and any of the Agent’s
officers, employees, or agents designated by the Agent) as the Borrower’s true and lawful attorney, with power, subject to the terms of the Subordination Agreement, to (a) if the Borrower refuses to, or fails timely to execute and deliver
any of the documents described in Section 9.4, sign the name of the Borrower on any of the documents described in Section 9.4, (b) at any time that an Event of Default has occurred and is continuing, sign the Borrower’s name on
any invoice or bill of lading relating to the Borrower Collateral, drafts against Account Debtors, or notices to Account Debtors, (c) send requests for verification of the Borrower’s or its Subsidiaries’ Accounts, (d) endorse the
Borrower’s name on any of its payment items (including all of its Collections) that may come into the Agent’s possession, (e) at any time that an Event of Default has occurred and is continuing, make, settle, and adjust all claims
under the Borrower’s policies of insurance and make all determinations and decisions with respect to such policies of insurance, and (f) at any time that an Event of Default has occurred and is continuing, settle and adjust disputes and
claims respecting the Borrower’s or its Subsidiaries’ Accounts, chattel paper, or General Intangibles directly with Account Debtors, for amounts and upon terms that the Agent determines to be reasonable, and the Agent may cause to be
executed and delivered any documents and releases that the Agent determines to be necessary. The appointment of the Agent as the Borrower’s attorney, and each and every one of its rights and powers, being coupled with an interest, is
irrevocable until all of the Obligations have been fully and finally repaid and performed and the Agent’s obligations to extend credit hereunder are terminated. 

  
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 9.6 Right to Inspect. The Agent (through any of its officers, employees, or agents) shall
have the right, from time to time hereafter to inspect the Books and make copies or abstracts thereof and to check, test, and appraise the Collateral, or any portion thereof, in order to verify the Borrower’s and its Subsidiaries’
financial condition or the amount, quality, value, condition of, or any other matter relating to, the Collateral. 
  

	SECTION 10.	MISCELLANEOUS 

 10.1 Amendments and Waivers. Neither this Agreement or any other Loan
Document, nor any terms hereof or thereof may be amended, supplemented or modified except in accordance with the provisions of this Section. With the prior written consent of the Majority Lenders and the Borrower, the Borrower may, from time to
time, enter into written amendments, supplements or modifications hereto and to the other Loan Documents for the purposes of adding any provisions to this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders, the
Borrower or any other Loan Party hereunder or thereunder or waiving, on such terms and conditions as may be specified in such instrument, any of the requirements of this Agreement or the other Loan Documents or any Default and its consequences;
provided, however, that no such waiver and no such amendment, supplement or modification shall: (a) reduce the amount or extend the maturity of any Revolving Loan or any installment due thereon, or reduce the rate or extend the
time of payment of interest thereon, or reduce the amount or extend the time of payment of any fee, indemnity or reimbursement payable to any Lender hereunder, or increase any Commitment, in each case without the written consent of the Lender
affected thereby; or (b) (i) amend, modify or waive any provision of this Section 10.1 or reduce the percentage specified in or otherwise modify the definition of Majority Lenders, or consent to the assignment or transfer by any Loan
Party of any of its rights and obligations under this Agreement and the other Loan Documents (except as permitted by Section 6.4); or (ii) release any Loan Party from any liability under its respective Loan Documents; or (iii) release
all or substantially all of the Collateral or all or substantially all of the Guarantor Collateral, except in connection with any Asset Disposition permitted by this Agreement; or (iv) amend, modify or waive, directly or indirectly, any of the
provisions of Section 2.1(e) (the first sentence) or 2.10; or (v) amend, modify or waive any provision of this Agreement requiring the consent or approval of all Lenders, in each case without the written consent of all the Lenders; or
(c) amend, modify or waive any provision of Section 8 without the written consent of the Agent. Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Lenders and shall be binding upon the
Borrower, the other Loan Parties, the Lenders, the Agent, and all future holders of the Revolving Loans. Notwithstanding the foregoing, any amendment, restatement or other modification to the agency letter between the Agent and the Borrower shall
require the consent of the Agent and the Borrower only. In the case of any waiver, the Borrower, the other Loan Parties, the Lenders and the Agent, shall be restored to their former position and rights hereunder and under the other Loan Documents,
and any Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default, or impair any right consequent thereon. 

  
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 10.2 Notices. All notices, requests and demands or other communications to or upon the
respective parties hereto to be effective shall be in writing unless otherwise expressly provided herein (including by telecopy), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered by
hand, or three (3) days after being deposited in the United States mail, certified and postage prepaid and return receipt requested, or, in the case of telecopy notice, when received, in each case addressed to the parties at their addresses as
set forth on the signature pages hereof or to such other address as may be hereafter notified by the respective parties hereto; provided that any notice, request or demand to or upon the Agent pursuant to Section 2.1, 2.3 or 2.4 shall
not be effective until received. 
 The Agent shall be entitled to rely and act upon telephonic notices purportedly given by or on behalf of
the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, (ii) such notices are found not to have been authorized by the
Borrower or (iii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower hereby indemnifies the Agent from all losses, costs, expenses and liabilities resulting from the reliance by the Agent on
any such notice. 
 10.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Agent,
any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any
other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

10.4 Survival of Representations and Warranties. All representations and warranties made hereunder and in any document, certificate or
statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement. 
 10.5 Payment
of Expenses; Indemnification. (a) The Borrower agrees, whether or not the transactions contemplated hereby are consummated, (i) to pay or reimburse the Agent for all its reasonable, documented costs and out-of-pocket expenses incurred
in connection with the preparation and execution of, the syndication of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the
consummation and administration of the transactions contemplated hereby and thereby (including the transactions to occur on the Restatement Closing Date), including due diligence expenses (including, appraisal fees and costs) and the reasonable fees
and disbursements of no more than one outside counsel to the Agent for each jurisdiction where Collateral is located and as to any amendment, supplement or modification to this Agreement or any other Loan Document and the administration of the
transactions contemplated thereby, including in connection with any proceeding or negotiation of the type referred to in clause (ii) below, regardless of whether an Event of Default has occurred and is continuing, and with respect to the
foregoing legal fees, without duplication thereof, the allocated reasonable costs of internal counsel to the Agent, (ii) after the occurrence and during the continuance of a Default, to pay or reimburse the Agent and the Lenders for all their
reasonable, documented costs and out-of-pocket expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other Loan Documents and 

  
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any such other documents or in connection with any refinancing or restructuring of the Revolving Loans provided under this Agreement in the nature of a “work-out” or of any insolvency
or bankruptcy proceeding, including reasonable legal fees and disbursements of one outside counsel to the Agent, one counsel to the Lenders and, if necessary, one local counsel in each jurisdiction where Collateral is located and, without
duplication, the allocated reasonable cost of internal counsel to the Agent and the Lenders, and (iii) to indemnify and hold harmless the Agent and the Lenders from, any and all recording and filing fees and any and all liabilities with respect
to, or resulting from any delay in paying, stamp, excise and other taxes (other than Excluded Taxes), if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any
of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents. 

(b) The Borrower and its Subsidiaries shall indemnify the Agent, each Lender and each Related Party of any of the foregoing Persons (each such
Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any
Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any
Person (including the Borrower or any other Loan Party) arising out of, in connection with, or as a result of (i) the execution or delivery of the Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by
the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Agent and its Related Parties only, the administration of this Agreement and
the other Loan Documents, (ii) any Revolving Loan or the use or proposed use of the proceeds therefrom, (iii) the indemnification by the Agent of Houlihan Lokey, as set forth in the engagement agreement executed by the Agent for the
valuation referred to in Section 4.1 of the Existing Credit Agreement and (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory,
whether brought by a third party or by the Borrower or any other Loan Party or any of the Borrower’s or such Loan Party’s directors, shareholders or creditors and regardless of whether any Indemnitee is a party thereto; provided
that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have
resulted from the gross negligence or willful misconduct of such Indemnitee. 
 (c) To the fullest extent permitted by applicable Law,
neither the Borrower nor any Subsidiary shall assert, and each such Loan Party hereby waives, and acknowledges that no other Person shall have, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or
punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or
thereby, any Revolving Loan or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to
such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in 

  
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connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or
willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction. 
 (d) The
agreements in this Section shall survive the resignation of the Agent, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. 

10.6 Successors and Assigns; Participation; Purchasing Lenders. 

(a) This Agreement shall be binding upon and inure to the benefit of the Borrower, the Agent, all future holders of the Revolving Loans and
their respective permitted successors and assigns, except that the Borrower may not assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the Lenders. 

(b) Any Lender may at any time sell to one or more banks or other entities (“Participants”) participating interests in the
rights of such Lender hereunder and under the other Loan Documents; provided any such sale must result in the Participant acquiring at least a $5,000,000 risk participation interest in the aggregate amount of obligations under this Agreement
and the other Loan Documents. A Participant shall have the right only to vote on the extension of regularly scheduled maturity of principal or interest with respect to the Revolving Loans or reduction of the principal amount or rate of interest on
the Revolving Loans. In the event of any such sale by a Lender of participating interests to a Participant, such Lender’s obligations under this Agreement to the other parties to this Agreement shall remain unchanged, such Lender shall remain
solely responsible for the performance thereof, such Lender shall remain the holder of its Revolving Loans for all purposes under this Agreement and the other Loan Documents, and the Borrower and the Agent shall continue to deal solely and directly
with such Lender in connection with such Lender’s rights and obligations under this Agreement and the other Loan Documents. 
 (c) Any
Lender may at any time sell to (i) any of its Affiliates, any other Lender or any Affiliate thereof or (ii) one or more additional lenders that are, subject to Section 10.6(d) below, approved by the Borrower (“Purchasing
Lenders”), such approval not to be required for any assignee referred to in clause (i) or if an Event of Default has occurred and is continuing, and the Agent, all or any part of its rights and obligations under this Agreement and the
other Loan Documents pursuant to an Assignment and Acceptance executed by such Purchasing Lender and such transferor Lender, and delivered to the Agent for its acceptance and recording in the Register (as defined below), accompanied by a $3,500
processing fee; provided, however, that any such sale (other than a sale of all of the selling Lender’s interest hereunder) must result in the Purchasing Lender having an interest in at least $5,000,000 in aggregate amount of
obligations under this Agreement and the other Loan Documents. Upon such execution and delivery from and after the transfer effective date determined pursuant to such assignment document, (x) the Purchasing Lender thereunder shall be a party
hereto and, to the extent provided in the Assignment and Acceptance, have the rights and obligations of a Lender hereunder with Commitments as set forth therein, and (y) the transferor Lender thereunder shall, to the extent of such assigned
portion and as provided in the Assignment and Acceptance, be 

  
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released from its obligations under this Agreement and the other Loan Documents (and, in the case of an Assignment and Acceptance covering all or the remaining portion of a transferor
Lender’s rights and obligations under this Agreement, such transferor Lender shall cease to be a party hereto). Any such Assignment and Acceptance shall be deemed to amend this Agreement to the extent, and only to the extent, necessary to
reflect the addition of such Purchasing Lender and the resulting adjustment of Commitment Percentages arising from the purchase by such Purchasing Lender of all or a portion of the rights and obligations of such transferor Lender under this
Agreement and the other Loan Documents. Notwithstanding the foregoing, subject to Section 10.6(d) below, no Purchasing Lender shall be (i) the Borrower or an Affiliate thereof, (ii) a Defaulting Lender or (iii) a natural person.

 At any time when an Event of Default has occurred and is continuing, any call by the Agent under the Equity Contribution Agreement or any
Shareholder Guarantee shall be deemed to be notice to the Borrower that the Lenders may at any time and from time to time thereafter make assignment under this Section 10.6(c) without the requirement for any further notice to, or consent by,
any Loan Party; provided that such Lender will wait fifteen (15) Business Days after the Agent makes any such call before consummating such assignment. In addition, at any time when an Event of Default has occurred and is continuing and the
Agent has not made a call under the Equity Contribution Agreement or any Shareholder Guarantee, prior to any Lender making an assignment under this Section 10.6(c), such Lender shall give notice to the Borrower (with a copy to Agent) of its
intent to make an assignment under this Section 10.6(c) and referring to Section 10.6(d) and, if such notice is given (i) such Lender will wait fifteen (15) days (the “Shareholder Sale Period”) before consummating such
assignment and, during the Shareholder Sale Period, will instead make such assignment in accordance with Section 10.6(d) if the conditions therein are satisfied and (ii) if the Shareholder Sale Period elapses without consummation of such
sale under Section 10.6(d), such Lender shall thereafter be entitled to effect an assignment under this Section 10.6(c) to any Person without the requirement for any further notice to, or consent by, any Loan Party. For the avoidance of
doubt, once notice is given under either of the preceding two sentences, neither the Agent nor any Lender shall have any obligation to give any further or additional notice of any further assignments hereunder. 

(d) Notwithstanding any provision in this Section 10.6 to the contrary, upon the written request of the MidOcean Entities and/or the
Kayne Investors, in the event that all Obligations owing to the Agent and the Lenders under the Loan Documents will be paid to the Agent and the Lenders in full concurrently with such assignment, the Agent and each Lender will assign to the MidOcean
Entities, the Kayne Investors and such other Guarantors as the MidOcean Entities or the Kayne Investors shall indicate, such sale to be consummated within fifteen (15) days of the receipt of such written request unless the Agent shall agree to
a different time period in its discretion, its respective rights and interests under the Loan Documents, without recourse or representation and against receipt of such payment in full, at the sole expense of such assignees, pursuant to such
documentation as the MidOcean Entities, the Kayne Investors and such other Guarantors shall reasonably request. 
 (e) The Agent shall
maintain at its address referred to in Section 10.2 a copy of each Assignment and Acceptance delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Lenders and the Commitments of,
and principal amounts of the Revolving Loans owing to each Lender from time to time. The entries in the 

  
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Register shall be conclusive, in the absence of manifest error, and the Borrower, the Agent and the Lenders may treat each Person whose name is recorded in the Register as the owner of the
Revolving Loans recorded therein for all purposes of this Agreement. The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice. 

(f) Upon its receipt of an Assignment and Acceptance executed by a transferor Lender and Purchasing Lender (and, in the case of a Purchasing
Lender that is not then a Lender or an Affiliate thereof, by the Borrower (if required) and the Agent) the Agent shall (i) promptly accept such Assignment and Acceptance and (ii) on the effective date determined pursuant thereto record the
information contained therein in the Register. 
 (g) The Borrower authorizes each Lender to disclose to any Participant or Purchasing Agent
(each, a “Transferee”) and any prospective Transferee any and all information in such Lender’s possession concerning the Borrower, the other Loan Parties, and the Affiliates and Subsidiaries of any of the foregoing which has
been delivered to such Lender by or on behalf of the Borrower pursuant to this Agreement or any other Loan Document or which has been delivered to such Lender by or on behalf of the Borrower in connection with such Lender’s credit evaluation of
the Borrower and the other Loan Parties; provided that such Transferee or prospective Transferee agrees in writing to maintain the confidentiality of such information in accordance with the provisions of Section 10.15. 

(h) Nothing herein shall prohibit any Lender from pledging or assigning any of its interest and rights under this Agreement and its Revolving
Loans to any Federal Reserve Bank in accordance with applicable law. 
 (i) Each Lender (and each Person becoming a Lender pursuant to
Section 10.6(c)) represents, warrants and agrees with the Agent as follows: 
 (i) Such Lender is entitled to receive
any payments hereunder without the withholding of any tax and will furnish to Agent such forms, certifications, statements and other documents as Agent may request from time to time to evidence such Lender’s exemption from withholding of any
tax imposed by any jurisdiction or to enable Agent to comply with any applicable laws or regulations relating thereto; 

(ii) Without limiting the effect of the foregoing, if such Lender is not created or organized under the laws of the United
States or any state thereof, such Lender is lawfully engaged in the conduct of a business within the United States and payments made hereunder are or are reasonably expected to be effectively connected with the conduct of that trade or business and
are or will be includible in its gross income or, if such Lender is not engaged in a United States trade or business with which such payments are effectively connected, such Lender is entitled to the benefits of a tax convention which exempts the
income from United States withholding tax and that it has satisfied all requirements to qualify for the exemption from tax. 

(iii) Such Lender agrees that it will, immediately upon the request of the Agent, furnish to the Agent with a copy to the
Borrower Form W-9, W-8BEN or W-8ECI 

  
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(as applicable to it) of the Internal Revenue Service, or such other forms, certifications, statements or documents, duly executed and completed by such Lender as evidence of such Lender’s
exemption from the withholding of United States tax with respect thereto. If such Lender determines that, as a result of any change in any Requirement of Law or in any official application or interpretation thereof, it ceases to qualify for
exemption from any tax imposed by any jurisdiction with respect to payments made hereunder, such Lender shall promptly notify the Agent of such fact and the Agent may, but shall not be required to withhold the amount of any such applicable tax from
amounts paid to such Lender hereunder. The Agent shall not be obligated to make any payments hereunder to such Lender in respect to the Obligations owing to such Lender hereunder until such Lender shall have furnished to the Agent the requested
form, certification, statement or document, and may withhold the amount of such applicable tax from amounts paid to such Lender hereunder. 

(iv) Each Lender shall reimburse, indemnify and hold the Agent and Borrower harmless from any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed upon, incurred by or asserted against the Agent due to its reliance upon the representation hereby made
that such Lender is exempt from withholding of tax. Unless the Agent receives written notice to the contrary, such Lender shall be deemed to have made the representations contained in this Section 10.6(i) for the current and each subsequent tax
year of such Lender. 
 10.7 Adjustments; Set-Off. (a) If any Lender (a “benefitted Lender”) shall at any time receive
any payment of all or part of its Revolving Loans, or interest thereon, or fees, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in
Section 7.1(g) or 8.8, or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of such other Lender’s Revolving Loans or interest thereon, or fees, such benefitted
Lender shall purchase for cash from the other Lenders such portion of each such other Lender’s Revolving Loans or fees, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary
to cause such benefitted Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from
such benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender’s
Revolving Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion. 

(b) In addition to any rights and remedies of the Agent provided by law, the Agent shall have the right, exercisable upon the occurrence and
during the continuance of an Event of Default, without prior notice to the Borrower, any such notice being expressly waived by the Borrower to the extent permitted by applicable law, to set-off and appropriate and apply against any such Obligations
any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured,

  
 - 62 - 

 
at any time held or owing by the Agent or any branch or agency thereof or bank controlling the Agent to or for the credit or the account of the Borrower. The Agent agrees promptly to notify the
Borrower after any such set-off and application made by the Agent, provided that the failure to give such notice shall not affect the validity of such set-off and application. 

10.8 Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by telecopier or electronically shall be effective as
delivery of a manually executed counterpart of this Agreement. 
 10.9 Severability. Any provision of this Agreement which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 10.10 Integration. This
Agreement, together with the other Loan Documents, represents the entire agreement of the Borrower, the Lenders and the Agent with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the
Agent or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents. 

10.11 GOVERNING LAW; JURISDICTION. 

(a) This Agreement and the rights and obligations of the Borrower hereunder shall be governed by, and shall be construed and enforced in
accordance with, the laws of the State of New York without regard to conflict of laws principles thereof. 
 (b) All judicial proceedings
brought against the Borrower arising out of or relating hereto, or any of the Borrower’s obligations hereunder, may be brought in any state or Federal court of competent jurisdiction in the State, County and City of New York. By executing and
delivering this Agreement, the Borrower, for itself and in connection with its properties, irrevocably (a) accepts generally and unconditionally the nonexclusive jurisdiction and venue of such courts; (b) waives any defense of forum non
conveniens; (c) agrees that service of all process in any such proceeding in any such court may be made by registered or certified mail, return receipt requested, to the Borrower at its address provided on the first page hereof; (d) agrees
that service as provided in clause (c) above is sufficient to confer personal jurisdiction over the Borrower in any such proceeding in any such court, and otherwise constitutes effective and binding service in every respect; and (e) agrees
that the Agent retains the right to serve process in any other manner permitted by law or to bring proceedings against the Borrower in the courts of any other jurisdiction. 

10.12 WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL ACTION
OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY AND AGREES THAT ANY SUCH 

  
 - 63 - 

 
ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. EACH OF THE PARTIES HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP,
THAT EACH HAS RELIED ON THE WAIVER IN EXECUTING AND ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN THEIR RELATED FUTURE DEALINGS. EACH OF THE PARTIES HERETO WARRANTS AND REPRESENTS THAT EACH HAS HAD THE
OPPORTUNITY OF REVIEWING THIS JURY WAIVER WITH LEGAL COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS. 
 10.13
Acknowledgements. 
 The Borrower hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents; 

(b) neither the Agent nor any Lender has any fiduciary relationship to the Borrower solely by virtue of any of the Loan Documents, and the
relationship pursuant to the Loan Documents between the Agent and the Lenders on one hand, and the Borrower on the other hand, is solely that of creditor and debtor; and 

(c) no joint venture exists among the Lenders, or among the Borrower and the Lenders. 

10.14 Headings. Section headings herein are included for convenience of reference only and shall not constitute a part of this
Agreement for any other purpose. 
 10.15 Confidentiality. The Agent and each Lender shall take reasonable precautions, in accordance
with their customary procedures for handling confidential information of the same nature, to maintain the confidentiality of all non-public information obtained pursuant to the requirements of this Agreement or any other Loan Document which has been
identified in writing as such by any Loan Party but may, in any event, make disclosures (a) to any of its Affiliates and as reasonably required by any transferee, assignee or participant in connection with the contemplated transfer or
assignment of any of the Commitments, the Revolving Loans or participation in any of the foregoing or (b) as required or requested by any governmental agency or representative thereof or as required pursuant to legal process or (c) to its
attorneys and accountants or (d) as required by law or (e) in connection with litigation involving the Agent or any Lender; provided that (i) such transferee, assignee or participant agrees in writing to comply with the
provisions of this Section 10.15 and (ii) in no event shall the Agent or any Lender be obligated or required to return any materials furnished by the Borrower and its Subsidiaries. 

10.16 Subordination Agreement. Each Lender from time to time party hereto acknowledges and agrees that the Obligations hereunder are
subject to the Subordination Agreement, in each case on the terms and to the extent set forth in the Subordination Agreement. Each Lender, by executing this Agreement, or any Assignment and Acceptance or New Lender Joinder pursuant to which it
becomes a party to this Agreement, acknowledges that such Lender is bound by the terms thereof. 

  
 - 64 - 

 10.17 Patriot Act. Each Lender subject to USA PATRIOT Improvement and Reauthorization Act,
Title III of Pub. L. 109-177 (signed into law March 9, 2009) (the “PATRIOT Act”) hereby notifies the Borrower that, pursuant to the requirements of the PATRIOT Act, such Lender 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 to identify the Borrower in accordance with the PATRIOT Act. 

[Remainder of page intentionally left blank] 

  
 - 65 - 

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

			
	PROFESSOR CONNOR’S, INC.
		
	By:	 	 

		 	  

	Name:	 	S MACCHIAVERNA
		 	  

	Title:	 	SECRETARY
		 	  

	
	Address for Notices:
	
	 400 Plaza Drive
 Secaucus, NJ
07094
 Attention: Richard Kassar
 Facsimile:
(201) 866-2018

 Credit Agreement 

 
			
	ONEWEST BANK, FSB, as Agent and a Lender
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	 Revolving Loan Commitment: $[45,000,000]
  

Address for Notices:
  

OneWest Bank, FSB
 888 East Walnut Street

HQ-05-03
 Pasadena, California 91101

Attention: David Ligon
 Telephone: 626-535-4466

Facsimile: 866-486-5720

 Credit Agreement 

 Schedule 1.1(a) 

Shareholder Guarantors 
  

									
	 Guarantor
	  	Amount	 	  	%	 
	 MidOcean Partners III, L.P.
	  	$	19,482,000	  	  	 	32.47	% 
	 MidOcean Partners III-A, L.P.
	  	$	10,356,000	  	  	 	17.26	% 
	 MidOcean Partners III-D, L.P
	  	$	1,662,000	  	  	 	2.77	% 
		  	  
	  
	 	  	  
	  
	 
	 Mid Ocean Sub-Total
	  	$	31,500,000	  	  	 	52.50	% 
			
	 Dick Kassar
	  	$	600,000	  	  	 	1.00	% 
	 Richard Thompson
	  	$	900,000	  	  	 	1.50	% 
		  	  
	  
	 	  	  
	  
	 
	 Management Sub-Total
	  	$	1,500,000	  	  	 	2.50	% 
			
	 Richard and Suzanne Kayne Living Trust u/t/d 1/14/99
	  	$	7,548,425	  	  	 	12.58	% 
	 Norris Trust dtd 6/18/02
	  	$	4,016,595	  	  	 	6.69	% 
	 Michael Targoff
	  	$	2,060,693	  	  	 	3.43	% 
	 Armstrong Trust u/t/d 9/14/2000
	  	$	1,850,000	  	  	 	3.00	% 
	 David J. Shladovsky
	  	$	1,500,000	  	  	 	2.50	% 
	 Mohn Family Trust
	  	$	1,338,044	  	  	 	2.23	% 
	 James Stern
	  	$	1,331,669	  	  	 	2.22	% 
	 Peter Neuwirth Trust dtd 12/9/91
	  	$	993,084	  	  	 	1.66	% 
	 Douglas Hampson Revocable Living Trust (2006)
	  	$	829,170	  	  	 	1.38	% 
	 James R. Wilcox
	  	$	820,950	  	  	 	1.37	% 
	 Patricia Neuwirth Trust dtd 2/5/91
	  	$	738,375	  	  	 	1.23	% 
	 David L. Mahoney and Winnifred C. Ellis 1998 Trust dtd 6/25/98
	  	$	629,115	  	  	 	1.05	% 
	 Jeffrey P. Hughes
	  	$	532,782	  	  	 	0.89	% 
	 The Lieberthal Trust dtd 3/23/99
	  	$	494,412	  	  	 	0.82	% 
	 Howard & Marcie Zelikow Living Trust dtd 5/30/07
	  	$	457,622	  	  	 	0.76	% 
	 Rudnick Living Trust (1999 Restatement)
	  	$	375,000	  	  	 	0.63	% 
	 William A. Goldstein
	  	$	225,561	  	  	 	0.38	% 
	 Joseph E. Parzick
	  	$	210,045	  	  	 	0.35	% 
	 Lawrence S. Coben
	  	$	184,365	  	  	 	0.31	% 
	 Levine-Zacharius Living Trust dtd 11/17/1989
	  	$	183,681	  	  	 	0.31	% 
	 Douglas A. & Lori A. Schur Family Trust dtd 5/1/97
	  	$	168,641	  	  	 	0.28	% 
	 Sasqua Fields Partners, LLC
	  	$	100,000	  	  	 	0.25	% 
	 Silvers Living Trust dtd 2/11/04
	  	$	112,500	  	  	 	0.19	% 
	 Levine Family Investment, LP
	  	$	100,137	  	  	 	0.17	% 
	 Marilyn S. Moscrip
	  	$	90,392	  	  	 	0.15	% 
	 Scott Racine
	  	$	59,903	  	  	 	0.10	% 
	 Walters Family Trust dtd 8/25/05
	  	$	34,871	  	  	 	0.06	% 

  
 Credit Agreement 

									
	 Guarantor
	  	Amount	 	  	%	 
	 Lynn Horn
	  	$	13,968	  	  	 	0.02	% 
		  	  
	  
	 	  	  
	  
	 
	 Freshpet Investors Sub-total
	  	$	27,000,000	  	  	 	45.00	% 
			
	 Total All Guarantees
	  	$	60,000,000	  	  	 	100.00	% 
		  	  
	  
	 	  	  
	  
	 

 Credit Agreement 

 Schedule 1.1(b) 

Permitted Holders 
  

	1.	Freshpet Investors LLC 

  

	2.	Tyson Foods 

  

	3.	Iron Street Partners, LLC 

  

	4.	Thompson FP Foods, LLC 

  

	5.	City National Corporation 

  

	6.	MidOcean Entities 

 Credit Agreement 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
		
	 SECTION 1. DEFINITIONS
	  	 	1	  
	 1.1
	 	 Defined Terms
	  	 	1	  
	 1.2
	 	 Other Definitional Provisions
	  	 	21	  
		
	 SECTION 2. AMOUNT AND TERMS OF REVOLVING LOANS; COMMITMENT AMOUNTS
	  	 	21	  
	 2.1
	 	 Revolving Loans; Revolving Loan Commitments
	  	 	21	  
	 2.2
	 	 Optional Prepayments; Optional Commitment Reductions
	  	 	23	  
	 2.3
	 	 Mandatory Prepayments; Mandatory Commitment Reductions
	  	 	24	  
	 2.4
	 	 Conversion and Continuation Options
	  	 	25	  
	 2.5
	 	 Minimum Amounts of Tranches; Minimum Borrowings
	  	 	25	  
	 2.6
	 	 Interest Rates and Payment Dates
	  	 	25	  
	 2.7
	 	 Computation of Interest and Fees
	  	 	26	  
	 2.8
	 	 Inability to Determine Interest Rate
	  	 	26	  
	 2.9
	 	 Pro Rata Treatment and Payments
	  	 	26	  
	 2.10
	 	 Illegality
	  	 	27	  
	 2.11
	 	 Increased Costs
	  	 	27	  
	 2.12
	 	 Taxes
	  	 	28	  
	 2.13
	 	 Indemnity
	  	 	29	  
	 2.14
	 	 Mitigation of Costs
	  	 	29	  
	 2.15
	 	 Unused Commitment Fee
	  	 	29	  
	 2.16
	 	 Increase of Revolving Commitments
	  	 	30	  
		
	 SECTION 3. REPRESENTATIONS AND WARRANTIES
	  	 	30	  
	 3.1
	 	 Financial Condition
	  	 	30	  
	 3.2
	 	 Corporate Existence; Compliance with Law, Etc.
	  	 	31	  
	 3.3
	 	 Corporate Power; Authorization; Consents; Enforceable Obligations
	  	 	31	  
	 3.4
	 	 No Legal Bar
	  	 	31	  
	 3.5
	 	 No Material Litigation
	  	 	32	  
	 3.6
	 	 Ownership of Property; Liens; Condition of Properties
	  	 	32	  
	 3.7
	 	 Environmental Matters
	  	 	32	  
	 3.8
	 	 Intellectual Property
	  	 	32	  
	 3.9
	 	 Taxes
	  	 	33	  
	 3.10
	 	 Federal Regulations
	  	 	33	  
	 3.11
	 	 ERISA Compliance
	  	 	33	  
	 3.12
	 	 Investment Company Act
	  	 	33	  
	 3.13
	 	 Subsidiaries
	  	 	33	  
	 3.14
	 	 Purpose of Revolving Loans
	  	 	33	  
	 3.15
	 	 Accuracy and Completeness of Information
	  	 	33	  
	 3.16
	 	 [Intentionally Omitted]
	  	 	34	  
	 3.17
	 	 [Intentionally Omitted]
	  	 	34	  
	 3.18
	 	 [Intentionally Omitted]
	  	 	34	  
	 3.19
	 	 Capital Structure and Equity Ownership
	  	 	34	  
	 3.20
	 	Insolvency	  	 	34	  

  
 - i - 

							
	 SECTION 4. CONDITIONS PRECEDENT
	  	 	34	  
	 4.1
	 	 Conditions to Restatement Closing Date
	  	 	34	  
	 4.2
	 	 Conditions to Each Revolving Loan
	  	 	35	  
		
	 SECTION 5. AFFIRMATIVE COVENANTS
	  	 	36	  
	 5.1
	 	 Financial Statements
	  	 	36	  
	 5.2
	 	 Certificates; Other Information
	  	 	37	  
	 5.3
	 	 Payment of Taxes
	  	 	38	  
	 5.4
	 	 Conduct of Business and Maintenance of Existence
	  	 	38	  
	 5.5
	 	 Maintenance of Property; Insurance
	  	 	38	  
	 5.6
	 	 Inspection of Property; Books and Records; Discussions
	  	 	39	  
	 5.7
	 	 Use of Proceeds
	  	 	39	  
	 5.8
	 	 Plant
	  	 	39	  
	 5.9
	 	 Acquisition of Assets
	  	 	39	  
	 5.10
	 	 Environmental Laws
	  	 	39	  
	 5.11
	 	 Covenants Regarding Subsidiaries
	  	 	40	  
	 5.12
	 	 Canadian Subsidiary
	  	 	40	  
		
	 SECTION 6. NEGATIVE COVENANTS
	  	 	41	  
	 6.1
	 	 Financial Condition Covenant
	  	 	41	  
	 6.2
	 	 Limitation on Indebtedness
	  	 	41	  
	 6.3
	 	 Limitation on Liens
	  	 	42	  
	 6.4
	 	 Limitation on Fundamental Changes
	  	 	43	  
	 6.5
	 	 Limitation on Sale of Assets
	  	 	44	  
	 6.6
	 	 Limitation on Restricted Payments
	  	 	44	  
	 6.7
	 	 [Intentionally Omitted]
	  	 	44	  
	 6.8
	 	 Transactions with Affiliates
	  	 	44	  
	 6.9
	 	 Fiscal Year
	  	 	45	  
	 6.10
	 	 Prohibitions on Certain Agreements
	  	 	45	  
	 6.11
	 	 Line of Business
	  	 	45	  
	 6.12
	 	 Anti-Terrorism Laws
	  	 	45	  
		
	 SECTION 7. EVENTS OF DEFAULT
	  	 	45	  
	 7.1
	 	 Events of Default
	  	 	45	  
	 7.2
	 	 Cure of Guarantor Default
	  	 	48	  
	 7.3
	 	 Application of Payments and Proceeds
	  	 	49	  
		
	 SECTION 8. THE AGENT
	  	 	49	  
	 8.1
	 	 Appointment
	  	 	49	  
	 8.2
	 	 Delegation of Duties
	  	 	50	  
	 8.3
	 	 Exculpatory Provisions
	  	 	50	  
	 8.4
	 	 Reliance by Agent
	  	 	50	  
	 8.5
	 	 Notice of Default
	  	 	51	  
	 8.6
	 	 Non-Reliance on Agent and Other Lenders
	  	 	51	  
	 8.7
	 	 Indemnification
	  	 	51	  

  
 - ii - 

					
	 8.8
	 	Agent in Its Individual Capacity	  	52
	 8.9
	 	Successor Agent	  	52
	 8.10
	 	Administrative Agent May File Proofs of Claim	  	52
	 8.11
	 	Collateral Matters	  	53
		
	SECTION 9. SECURITY	  	53
	 9.1
	 	Grant of Security Interest	  	53
	 9.2
	 	Negotiable Collateral	  	54
	 9.3
	 	Collection of Accounts, General Intangibles and Negotiable Collateral	  	54
	 9.4
	 	Filing of Financing Statements; Commercial Tort Claims; Delivery of Additional Documentation Required	  	54
	 9.5
	 	Power of Attorney	  	55
	 9.6
	 	Right to Inspect	  	56
		
	SECTION 10. MISCELLANEOUS	  	56
	 10.1
	 	Amendments and Waivers	  	56
	 10.2
	 	Notices	  	57
	 10.3
	 	No Waiver; Cumulative Remedies	  	57
	 10.4
	 	Survival of Representations and Warranties	  	57
	 10.5
	 	Payment of Expenses; Indemnification	  	57
	 10.6
	 	Successors and Assigns; Participation; Purchasing Lenders	  	59
	 10.7
	 	Adjustments; Set-Off	  	62
	 10.8
	 	Counterparts	  	63
	 10.9
	 	Severability	  	63
	 10.10
	 	Integration	  	63
	 10.11
	 	GOVERNING LAW; JURISDICTION	  	63
	 10.12
	 	WAIVER OF JURY TRIAL	  	63
	 10.13
	 	Acknowledgements	  	64
	 10.14
	 	Headings	  	64
	 10.15
	 	Confidentiality	  	64
	 10.16
	 	Subordination Agreement	  	64
	 10.17
	 	Patriot Act	  	65

  
 - iii - 

			
	Exhibits
	 A
	  	Form of Revolving Note
	 B
	  	Form of No Default/Representation Certificate
	 C
	  	Form of Continuation Notice
	 D
	  	Form of Borrowing Notice
	 E
	  	Form of Covenant Compliance Certificate
	 F
	  	Form of Assignment and Acceptance
	 G
	  	Form of New Lender Joinder
	
	Schedules
		
	 1.1(a)
	  	Guarantors
	 1.1(b)
	  	Permitted Holders
	 1.1(c)
	  	Commercial Tort Claims
	 3.2
	  	Qualification Jurisdictions
	 3.5
	  	Litigation
	 3.6
	  	Legal and Operating Names
	 3.8
	  	Intellectual Property Matters
	 3.13
	  	Subsidiaries
	 3.19
	  	Capital Structure and Equity Ownership

  
 - iv - 

  

 
 AMENDED AND RESTATED CREDIT AGREEMENT

 among 
 PROFESSOR
CONNOR’S, INC. 
 a Delaware corporation 

THE LENDERS PARTIES HERETO 
 and

 ONEWEST BANK, FSB 
 as
Administrative Agent 
 Dated as of April 12, 2013

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